Document:

Credit Agreement

 Exhibit 10(iii).40 

$1,500,000,000 
 CREDIT AGREEMENT 
 DATED AS OF JUNE 1, 2011 

among 

SAFEWAY INC. 
 and 
 CANADA SAFEWAY LIMITED, 

as Borrowers, 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 
 and

 J.P. MORGAN SECURITIES LLC, 
 as Joint Bookrunners and Joint Lead Arrangers, 
 DEUTSCHE BANK SECURITIES
INC., 
 U.S. BANK NATIONAL ASSOCIATION, 
 BNP PARIBAS SECURITIES CORP., 
 and 

WELLS FARGO SECURITIES, LLC, 
 as Joint Lead Arrangers, 
 DEUTSCHE BANK AG NEW YORK BRANCH,

 as Domestic Administrative Agent, 
 DEUTSCHE BANK AG CANADA BRANCH, 
 as Canadian Administrative Agent,

 JPMORGAN CHASE BANK, N.A. 
 and 
 BANK OF AMERICA, N.A., 

as Syndication Agents, 
 U.S. BANK NATIONAL ASSOCIATION, 
 BNP PARIBAS 

and 

WELLS FARGO BANK, N.A. 
 as Documentation Agents, 
 and 

THE LENDERS LISTED HEREIN, 
 as Lenders 

 SAFEWAY INC. 
 CANADA SAFEWAY LIMITED 
 CREDIT AGREEMENT 

TABLE OF CONTENTS 
  

							
	 	    	 	  	Page	 
			
	 SECTION 1.
	    	 DEFINITIONS
	  	 	2	  
			
	 1.1
	    	 Certain Defined Terms
	  	 	2	  
			
	 1.2
	    	 Accounting Terms; Utilization of GAAP for Purposes of Calculations Under Agreement
	  	 	30	  
			
	 1.3
	    	 Other Definitional Provisions
	  	 	30	  
			
	 SECTION 2.
	    	 AMOUNTS AND TERMS OF COMMITMENTS AND LOANS
	  	 	31	  
			
	 2.1
	    	 Commitments; Making of Loans; the Register; Notes
	  	 	31	  
			
	 2.2
	    	 Interest on the Loans
	  	 	43	  
			
	 2.3
	    	 Fees
	  	 	48	  
			
	 2.4
	    	 Prepayments and Reductions in Commitments; General Provisions Regarding Payments
	  	 	49	  
			
	 2.5
	    	 Use of Proceeds
	  	 	54	  
			
	 2.6
	    	 Special Provisions Governing Fixed Rate Loans
	  	 	54	  
			
	 2.7
	    	 Increase in Commitments
	  	 	56	  
			
	 2.8
	    	 Defaulting Lenders
	  	 	57	  
			
	 2.9
	    	 Cash Collateral
	  	 	60	  
			
	 SECTION 3.
	    	 LETTERS OF CREDIT
	  	 	61	  
			
	 3.1
	    	 Issuance of Letters of Credit and Lenders’ Purchase of Participations Therein.
	  	 	61	  
			
	 3.2
	    	 Letter of Credit Fees
	  	 	65	  
			
	 3.3
	    	 Drawings and Reimbursement of Amounts Drawn Under Letters of Credit
	  	 	65	  
			
	 3.4
	    	 Obligations Absolute
	  	 	68	  
			
	 3.5
	    	 Indemnification; Nature of Issuing Lenders’ Duties
	  	 	69	  
			
	 SECTION 4.
	    	 ACCEPTANCES
	  	 	70	  
			
	 4.1
	    	 Acceptance Commitment
	  	 	70	  
			
	 4.2
	    	 Drawing Notice
	  	 	70	  

  
 i 

							
			
	 4.3
	    	 Form of Acceptances
	  	 	71	  
			
	 4.4
	    	 Acceptance and Purchase or Delivery of Drafts
	  	 	71	  
			
	 4.5
	    	 Payment of the Drawing Purchase Price
	  	 	72	  
			
	 4.6
	    	 Average Effective Discount Rate Determination
	  	 	73	  
			
	 4.7
	    	 Acceptance Payment Obligations
	  	 	73	  
			
	 4.8
	    	 Power of Attorney in Favor of Canadian Lenders
	  	 	74	  
			
	 4.9
	    	 Circumstances Making Acceptances Unavailable
	  	 	74	  
			
	 4.10
	    	 Prepayments
	  	 	75	  
			
	 4.11
	    	 Use of Proceeds of Loans and Acceptance Facility
	  	 	75	  
			
	 SECTION 5.
	    	 INCREASED COSTS, TAXES, CAPITAL ADEQUACY, AND MITIGATION
	  	 	75	  
			
	 5.1
	    	 Increased Costs; Taxes; Capital Adequacy
	  	 	75	  
			
	 5.2
	    	 Obligation of Lenders and Issuing Lenders to Mitigate
	  	 	81	  
			
	 5.3
	    	 Replacement of Lenders
	  	 	82	  
			
	 SECTION 6.
	    	 CONDITIONS TO LOANS, LETTERS OF CREDIT AND ACCEPTANCES
	  	 	82	  
			
	 6.1
	    	 Conditions to Closing
	  	 	82	  
			
	 6.2
	    	 Conditions to All Loans
	  	 	84	  
			
	 6.3
	    	 Conditions to Letters of Credit
	  	 	84	  
			
	 6.4
	    	 Conditions to Acceptances
	  	 	85	  
			
	 SECTION 7.
	    	 BORROWERS’ REPRESENTATIONS AND WARRANTIES
	  	 	85	  
			
	 7.1
	    	 Organization, Powers, Qualification, Good Standing and Business
	  	 	85	  
			
	 7.2
	    	 Authorization of Borrowing, etc.
	  	 	86	  
			
	 7.3
	    	 Financial Condition
	  	 	86	  
			
	 7.4
	    	 No Material Adverse Effect
	  	 	87	  
			
	 7.5
	    	 Litigation; Adverse Facts
	  	 	87	  
			
	 7.6
	    	 Payment of Taxes
	  	 	87	  
			
	 7.7
	    	 Governmental Regulation
	  	 	87	  
			
	 7.8
	    	 Securities Activities
	  	 	87	  
			
	 7.9
	    	 Employee Benefit Plans
	  	 	88	  
			
	 7.10
	    	 Disclosure
	  	 	88	  
			
	 7.11
	    	 Solvency
	  	 	89	  
			
	 7.12
	    	 Foreign Assets Control Regulations, etc.
	  	 	89	  

  
 ii 

							
			
	 SECTION 8.
	    	 BORROWERS’ AFFIRMATIVE COVENANTS
	  	 	89	  
			
	 8.1
	    	 Financial Statements and Other Reports
	  	 	89	  
			
	 8.2
	    	 Corporate Existence, etc.
	  	 	92	  
			
	 8.3
	    	 Payment of Taxes and Claims
	  	 	92	  
			
	 8.4
	    	 Maintenance of Properties; Insurance
	  	 	92	  
			
	 8.5
	    	 Inspection
	  	 	93	  
			
	 8.6
	    	 Compliance with Laws, etc.
	  	 	93	  
			
	 SECTION 9.
	    	 BORROWERS’ NEGATIVE COVENANTS
	  	 	93	  
			
	 9.1
	    	 Liens and Related Matters
	  	 	93	  
			
	 9.2
	    	 Financial Covenants
	  	 	95	  
			
	 9.3
	    	 Restriction on Fundamental Changes; Material Asset Sales
	  	 	96	  
			
	 9.4
	    	 Transactions with Shareholders and Affiliates
	  	 	96	  
			
	 9.5
	    	 Conduct of Business
	  	 	97	  
			
	 9.6
	    	 Unrestricted Subsidiaries
	  	 	97	  
			
	 SECTION 10.
	    	 EVENTS OF DEFAULT
	  	 	98	  
			
	 10.1
	    	 Failure to Make Payments When Due
	  	 	98	  
			
	 10.2
	    	 Default in Other Agreements
	  	 	98	  
			
	 10.3
	    	 Breach of Certain Covenants
	  	 	99	  
			
	 10.4
	    	 Breach of Warranty
	  	 	99	  
			
	 10.5
	    	 Other Defaults Under Loan Documents
	  	 	99	  
			
	 10.6
	    	 Involuntary Bankruptcy; Appointment of Receiver, etc.
	  	 	99	  
			
	 10.7
	    	 Voluntary Bankruptcy; Appointment of Receiver, etc.
	  	 	100	  
			
	 10.8
	    	 Judgments and Attachments
	  	 	100	  
			
	 10.9
	    	 Dissolution
	  	 	100	  
			
	 10.10
	    	 Employee Benefit Plans
	  	 	100	  
			
	 10.11
	    	 Invalidity of Subsidiary Borrower Guaranty
	  	 	101	  
			
	 10.12
	    	 Change in Control
	  	 	101	  
			
	 SECTION 11.
	    	 AGENTS
	  	 	102	  
			
	 11.1
	    	 Appointment; Delegation
	  	 	102	  
			
	 11.2
	    	 Powers; General Immunity
	  	 	103	  
			
	 11.3
	    	 Independent Investigation by Lenders; No Responsibility For Appraisal of Creditworthiness
	  	 	104	  
			
	 11.4
	    	 Right to Indemnity
	  	 	105	  

  
 iii

							
			
	 11.5
	    	 Successor Primary Agent and Swing Line Lender
	  	 	105	  
			
	 11.6
	    	 Collateral Account Agreement; Subsidiary Borrower Guaranty
	  	 	106	  
			
	 11.7
	    	 Administrative Agents May File Proofs of Claim
	  	 	106	  
			
	 SECTION 12.
	    	 COMPANY GUARANTY OF CANADA SAFEWAY’S OBLIGATIONS
	  	 	107	  
			
	 SECTION 13.
	    	 MISCELLANEOUS
	  	 	110	  
			
	 13.1
	    	 Successors and Assigns; Assignments and Participations in Loans and Letters of Credit
	  	 	110	  
			
	 13.2
	    	 Expenses
	  	 	117	  
			
	 13.3
	    	 Indemnity
	  	 	117	  
			
	 13.4
	    	 Set-Off
	  	 	119	  
			
	 13.5
	    	 Ratable Sharing
	  	 	119	  
			
	 13.6
	    	 Amendments and Waivers; Replacement of Banks
	  	 	120	  
			
	 13.7
	    	 Independence of Covenants
	  	 	122	  
			
	 13.8
	    	 Notices; Platform
	  	 	122	  
			
	 13.9
	    	 Survival of Representations, Warranties and Agreements
	  	 	124	  
			
	 13.10
	    	 Failure or Indulgence Not Waiver; Remedies Cumulative
	  	 	124	  
			
	 13.11
	    	 Marshalling; Payments Set Aside
	  	 	124	  
			
	 13.12
	    	 Severability
	  	 	125	  
			
	 13.13
	    	 Obligations Several; Independent Nature of Lenders’ Rights and Borrowers’ Obligations
	  	 	125	  
			
	 13.14
	    	 Headings
	  	 	125	  
			
	 13.15
	    	 Successors and Assigns
	  	 	125	  
			
	 13.16
	    	 GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL
	  	 	125	  
			
	 13.17
	    	 Confidentiality
	  	 	126	  
			
	 13.18
	    	 Judgment Currency
	  	 	127	  
			
	 13.19
	    	 Counterparts; Effectiveness
	  	 	128	  
			
	 13.20
	    	 USA Patriot Act
	  	 	128	  
			
	 13.21
	    	 Intercreditor Arrangements
	  	 	128	  
			
	 13.22
	    	 No Fiduciary Responsibility
	  	 	129	  

  
 iv 

 EXHIBITS 

 

			
	 I
	  	 FORM OF NOTICE OF BORROWING

	 II
	  	 FORM OF NOTICE OF CONVERSION/CONTINUATION

	 III
	  	 FORM OF NOTICE OF ISSUANCE OF LETTER OF CREDIT

	 IV-A
	  	 FORM OF NOTE (COMPANY)

	 IV-B
	  	 FORM OF NOTE (CANADA SAFEWAY)

	 V
	  	 FORM OF COMPLIANCE CERTIFICATE

	 VI
	  	 FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT

	 VII
	  	 FORM OF PRICING LEVEL DETERMINATION CERTIFICATE

	 VIII
	  	 FORM OF DRAWING NOTICE

	 IX
	  	 FORM OF ACCEPTANCE ENDORSEMENT

	 X
	  	 FORM OF DRAFT

SCHEDULES 
  

			
	 2.1
	  	 LENDERS’ COMMITMENTS AND PRO RATA SHARES

	 3.1
	  	 EXISTING COMPANY LETTERS OF CREDIT

  
 v 

 EXECUTION COPY 
 SAFEWAY INC. 
 CANADA SAFEWAY LIMITED 

CREDIT AGREEMENT 
 This CREDIT AGREEMENT is dated as of June 1, 2011 and entered into by and among SAFEWAY INC., a Delaware corporation (“Company”), and CANADA SAFEWAY LIMITED, an
Alberta corporation (“Canada Safeway”; and together with Company, “Borrowers”), MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (“MLPFS”) and J.P. MORGAN SECURITIES
LLC (“JPMS”), as joint lead arrangers and joint bookrunners (“Joint Bookrunners”), DEUTSCHE BANK SECURITIES INC. (“DBSI”), BNP PARIBAS SECURITIES CORP.
(“BNPS”), U.S. BANK NATIONAL ASSOCIATION (“U.S. Bank”) and WELLS FARGO SECURITIES, LLC (“WFS”), as joint lead arrangers (together with Joint Bookrunners, the “Joint Lead
Arrangers”), DEUTSCHE BANK AG NEW YORK BRANCH (“Deutsche Bank”), as administrative agent for the Domestic Lenders (as defined herein) (in such capacity, “Domestic Administrative Agent”), DEUTSCHE
BANK AG CANADA BRANCH (“Deutsche Bank Canada”), as administrative agent for the Canadian Lenders (as defined herein) (in such capacity, “Canadian Administrative Agent,” and together with Domestic Administrative
Agent, collectively, “Administrative Agents” and individually an “Administrative Agent”), BANK OF AMERICA, N.A. (“Bank of America”) and JPMORGAN CHASE BANK, N.A.
(“JPMorgan”), as syndication agents for the Lenders referred to below (“Syndication Agents”), BNP PARIBAS (“BNP Paribas”), U.S. BANK and WELLS FARGO BANK, NATIONAL ASSOCIATION
(“WFB”), as documentation agents for the Lenders referred to below (“Documentation Agents”) and THE DOMESTIC LENDERS AND CANADIAN LENDERS LISTED ON THE SIGNATURE PAGES HEREOF (each individually
referred to herein as a “Lender” and collectively as “Lenders”). 
 R E
C I T A L S 
 WHEREAS, Company desires that Lenders extend
credit facilities to Borrowers for working capital and other general corporate purposes, including the refinancing, if necessary and replacing of amounts outstanding under existing bank credit facilities; 

WHEREAS, Company will benefit from the extensions of credit to be provided under the credit facility and, in order
to induce Lenders to provide such credit facility, is willing to guaranty the obligations of Canada Safeway with respect to the credit facility; 
 NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, Company, Canada Safeway, Lenders, Joint Bookrunners, Joint Lead Arrangers,
Syndication Agents, Documentation Agents and Administrative Agents agree as follows: 

	Section	 1.      DEFINITIONS 

 

	1.1	 Certain Defined Terms. 

 The following terms used in this Agreement shall have the following meanings: 
 “Acceptance” has the meaning assigned to that term in subsection 4.1. 
 “Acceptance Facility” means the bankers’ acceptance facility established under Section 4. 

“Acceptance Usage” means, as at any date, the sum (without duplication) of the aggregate Face Amount of
all Acceptances created by Canadian Lenders pursuant to Section 4 which have not been repaid by Canada Safeway whether or not due and whether or not held by any Lender. For purposes of this definition, any Acceptance which has been prepaid in
full shall not be deemed to be outstanding and all Acceptances shall be valued in Dollar Equivalents as of any date of determination. 
 “Act” has the meaning assigned to that term in subsection 13.20. 
 “Adjusted Eurodollar Rate” means, for any Interest Rate Determination Date with respect to an Interest Period for a Domestic Eurodollar Rate Loan, Canadian Eurodollar Rate Loan or a
Canadian/U.S. Eurodollar Rate Loan, (a) the rate per annum determined by the applicable Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two (2) Business Days prior to the commencement of such Interest
Period by reference to the Reuters Screen LIBOR01 for deposits in Dollars (or such other comparable page as may, in the opinion of the applicable Administrative Agent, replace such page for the purpose of displaying such rates) for a period equal to
such Interest Period; provided that to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the “Adjusted Eurodollar Rate” shall be the interest rate per annum determined by
the applicable Administrative Agent to be the average of the rates per annum at which deposits in Dollars are offered for such relevant Interest Period to major banks in the London interbank market in London, England by the applicable Administrative
Agent at approximately 11:00 a.m. (London time) on the date that is two (2) Business Days prior to the beginning of such Interest Period, divided by (b) a percentage equal to 100% minus the stated maximum rate of all reserve requirements
(including, without limitation, any marginal, emergency, supplemental, special or other reserves required by applicable law) applicable to any member bank of the Federal Reserve System in respect of Eurocurrency funding or liabilities as defined in
Regulation D (or any successor category of liabilities under Regulation D). 
 “Administrative
Agent” or “Administrative Agents” has the meaning assigned to that term in the introduction to this Agreement and also means and includes any successor Administrative Agent appointed pursuant to subsection 11.5A.

 “Administrative Agent Fee Letter” means the letter agreement among Company and the
Administrative Agents dated April 6, 2011. 
 “Affected Lender” has the meaning assigned
to that term in subsection 2.6C. 

  
 2 

 “Affected Loans” has the meaning assigned to that term in
subsection 2.6C. 
 “Affiliate,” as applied to any Person, means any other Person directly or
indirectly controlling, controlled by, or under common control with, that Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling,” “controlled by” and
“under common control with”), as applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of that Person, whether through the ownership of voting
securities or by contract or otherwise. 
 “Agents” means Administrative Agents, Joint
Bookrunners, Joint Lead Arrangers, Syndication Agents and Documentation Agents. 
 “Aggregate Amounts
Due From Borrowers” has the meaning assigned to that term in subsection 13.21. 
 “Aggregate
Amounts Due From Canada Safeway” has the meaning assigned to that term in subsection 13.5B. 

“Aggregate Amounts Due From Company” has the meaning assigned to that term in subsection 13.5A.

 “Aggregate Commitment” means, with respect to any Lender, the sum of (i) the Domestic
Commitment plus (ii) the Canadian Commitment and “Aggregate Commitments” means the Aggregate Commitments of all Lenders; provided that for the purposes of the definition of Aggregate Commitment (i) upon the
termination of the Domestic Commitments, the Domestic Commitment of any Lender shall be deemed to be the total outstanding Domestic Loans of such Lender and (ii) upon the termination of the Canadian Commitments, the Canadian Commitment of any
Lender shall be deemed to be the total outstanding Canadian Loans of such Lender. 
 “Aggregate Pro Rata
Share” means, with respect to any Lender, the Aggregate Commitment of such Lender as a percentage of the sum of the Aggregate Commitments of all Lenders. 

“Agreement” means this Credit Agreement dated as of June 1, 2011, as it may be amended,
supplemented or otherwise modified from time to time. 
 “Approved Fund” means a fund that is
administered or managed by (i) a Lender, (ii) an Affiliate of a Lender or (iii) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Assignment Agreement” means an Assignment and Assumption Agreement in substantially the form of
Exhibit VI annexed hereto. 
 “Authorized Officer” has the meaning assigned to that term
in subsection 6.2A. 

  
 3 

 “Average Effective Discount Rate” means, (a) in
respect of any Acceptances to be purchased by a Schedule I Lender pursuant hereto, the arithmetic average of the discount rates (calculated on an annual basis and rounded to the nearest one-hundredth of 1%, with five-thousandths of 1% being rounded
up) quoted by at least two Schedule I Reference Banks at or about 10:00 a.m. (Toronto time) as the discount rate at which each such Schedule I Reference Bank would purchase, on the relevant Drawing Date, its own bankers’ acceptances having an
aggregate Face Amount equal to and with a term to maturity the same as the Acceptances to be acquired by each such Schedule I Reference Bank on such Drawing Date or (b) in respect of any Acceptances to be purchased by a Schedule II/Schedule III
Lender or any other Person (other than a Schedule I Lender) pursuant hereto, the arithmetic average of the discount rates (or, if there is only one Schedule II/Schedule III Reference Bank, the discount rate) (calculated on an annual basis and
rounded to the nearest one-hundredth of 1%, with five-thousandths of 1% being rounded up) quoted by at least two Schedule II/Schedule III Reference Banks (or, if there is only one Schedule II/Schedule III Reference Bank, such Schedule II/Schedule
III Reference Bank) at or about 10:00 a.m. (Toronto time) as the discount rate at which each such Schedule II/Schedule III Reference Bank would purchase, on the relevant Drawing Date, its own bankers’ acceptances having an aggregate Face Amount
equal to and with a term to maturity the same as the Acceptances to be acquired by each such Schedule II/Schedule III Reference Bank or other Person on such Drawing Date. If no two Schedule I Reference Banks or Schedule II/Schedule III Reference
Banks, as the case may be, provide appropriate quotations to Canadian Administrative Agent, the Average Effective Discount Rate shall be determined on the basis of the quotation by any single Schedule I Reference Bank or Schedule II/Schedule III
Reference Bank, as applicable. 
 “Bankruptcy Code” means Title 11 of the United
States Code entitled “Bankruptcy,” as now and hereafter in effect, or any successor statute. 

“Bank of America” has the meaning assigned to that term in the introduction to this Agreement.

 “BNP Paribas” has the meaning assigned to that term in the introduction to this Agreement.

 “Book Value” means, with respect to the assets of Company or any of its Subsidiaries, the
value of such Person’s assets recorded in the consolidated balance sheet of Company most recently delivered to Lenders pursuant to subsection 8.1(i) or 8.1(ii). 

“Borrowers” has the meaning assigned to that term in the introduction to this Agreement. 

“Business Day” means any day excluding Saturday and Sunday and also excluding (i) for all purposes
other than as covered by clauses (ii) and (iii) below, any day which is a legal holiday under the laws of the States of New York or California or is a day on which banking institutions located in any such state are authorized or required
by law or other governmental action to close, (ii) with respect to all notices, determinations, fundings and payments in connection with Canadian Loans and the Acceptance Facility, any day which is a legal holiday under the laws of the Province
of Ontario or Alberta, Canada or is a day on which 

  
 4 

 
banking institutions located in any such Province are authorized or required by law or other governmental action to close; and (iii) with respect to all notices, determinations, fundings and
payments in connection with the Adjusted Eurodollar Rate, any day which is not a Business Day pursuant to clause (i) or which is not a day for trading by and between banks in Dollar deposits in the applicable interbank Eurodollar market,
including without limitation, the London interbank Eurodollar market. 
 “Canada Safeway” has
the meaning assigned to that term in the introduction to this Agreement. 
 “Canadian Administrative
Agent” has the meaning assigned to that term in the introduction to this Agreement. 

“Canadian Base Rate” means as at any date, with respect to any Canadian Loan denominated in Dollars that
is to be or has been advanced to Canada Safeway in Canada, the variable rate of interest per annum equal to the greater of (a) the rate which Deutsche Bank Canada announces from time to time as its base lending rate per annum with respect to
loans denominated in Dollars advanced to Canadian customers in Canada, as in effect from time to time and (b) the aggregate of (i) the Federal Funds Effective Rate per annum for such day and (ii) 1/2 of 1% per annum. As to any
loan, the Canadian Base Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer for loans denominated in Dollars. Deutsche Bank Canada may make commercial loans or other loans denominated
in Dollars at rates of interest at, above or below the Canadian Base Rate. 
 “Canadian Base Rate
Loans” means Canadian Loans (other than Canadian Swing Line Loans) denominated in Dollars advanced to Canada Safeway and bearing interest at rates determined by reference to the Canadian Base Rate as provided in subsection 2.2A. 

“Canadian Commitment” means the commitment of a Canadian Lender to make Canadian Loans to Company or
Canada Safeway pursuant to subsection 2.1A(ii), and “Canadian Commitments” means such commitments of all Canadian Lenders in the aggregate. 
 “Canadian Dollars” or “Cdn.$” means the lawful money of Canada. 
 “Canadian Eurodollar Rate Loans” means any Canadian Loans denominated in Dollars advanced to Canada Safeway and bearing interest at rates determined by reference to the Adjusted
Eurodollar Rate as provided in subsection 2.2A. 
 “Canadian Funding and Payment Office” means
the office of Canadian Administrative Agent located at Deutsche Bank AG Canada Branch, 199 Bay Street, Suite 4700, Toronto, Ontario, M5L 1E9 Canada, or such other location in Canada as may from time to time be designated in writing by Canadian
Administrative Agent. 
 “Canadian Lenders” means any Lender having a Canadian Commitment or,
on and after the termination of any such Commitments, Canadian Loans outstanding, and shall include any U.S. Affiliate of any such Lender. 

  
 5 

 “Canadian Loan Exposure” means, with respect to any
Canadian Lender as of any date, (a) prior to the termination of the Canadian Commitments, that Canadian Lender’s Canadian Commitment, and (b) after the termination of the Canadian Commitments, the sum of (x) the aggregate
outstanding principal amount of the Canadian Loans of such Canadian Lender (it being understood and agreed for the purposes hereof that the Canadian/U.S. Loans of any U.S. Affiliate of any Canadian Lender in respect of the Canadian Commitment are
Canadian Loans of such Canadian Lender and not Domestic Loans of such U.S. Affiliate) plus (y) without duplication, the aggregate outstanding amount of Acceptances in respect to Commitments created by such Canadian Lender, as measured by
the Face Amounts of the applicable Drafts (with all such Loans denominated in Canadian Dollars and all such Face Amounts valued in Dollar Equivalents) plus (z) the aggregate principal amount of such Lender’s participations (if any)
in Canadian Swing Line Loans with all such Loans denominated in Canadian Dollars valued in Dollar Equivalents. 

“Canadian Loan Pricing Reference Banks” means Deutsche Bank Canada, CIBC and Toronto-Dominion Bank.

 “Canadian Loans” means the Loans made by Canadian Lenders pursuant to their Canadian
Commitments to Company or Canada Safeway (including, without limitation, any Canadian/U.S. Loans) pursuant to subsection 2.1A(ii) and the Canadian Swing Line Loans, or any combination thereof. 

“Canadian Prime Rate” means with respect to any Canadian Loan denominated in Canadian Dollars that is to
be or has been advanced to Canada Safeway in Canada as of any date, the greater of (a) the rate which Deutsche Bank Canada then quotes, publishes and refers to as its “prime rate” and which is its reference rate of interest for loans
in Canadian Dollars made in Canada to commercial borrowers in effect as at the date of determination, and (b) the sum of (y) the average of the rates per annum for Canadian Dollar bankers’ acceptances having a term of one month that
appears on the Reuters Screen CDOR Page as of 10:00 a.m. (Toronto time) on the date of determination, as reported by Canadian Administrative Agent (and if such screen is not available, any successor or similar service as may be selected by Canadian
Administrative Agent), and (z) 1.0%, in each case, adjusted automatically with each quoted, published or displayed change in such rate, all without the necessity of any notice to Borrowers or any other Person. 

“Canadian Prime Rate Loans” means Canadian Loans (other than Canadian Swing Line Loans) advanced to
Canada Safeway and denominated in Canadian Dollars and bearing interest at rates determined by reference to the Canadian Prime Rate as provided in subsection 2.2A. 

“Canadian Pro Rata Share” means, with respect to any Canadian Lender, (a) prior to the termination
of the Canadian Commitments, the Canadian Commitment of such Canadian Lender as a percentage of the sum of the Canadian Commitments of all Canadian Lenders, and (b) after the termination of the Canadian Commitments, the outstanding Canadian
Loans made by such Canadian Lender (it being understood and agreed for the purposes hereof that the Canadian/U.S. Loans of any U.S. Affiliate of any Canadian Lender in respect of the Canadian Commitments are Canadian Loans of such Canadian Lender
and not Domestic Loans 

  
 6 

 
of such U.S. Affiliate) as a percentage of the sum of the Canadian Loans made by all Canadian Lenders. 
 “Canadian Register” has the meaning assigned to that term in subsection 2.1D. 
 “Canadian Swing Line Commitment” means the commitment of the Swing Line Lender in respect of the Canadian Swing Line Loans to make Canadian Swing Line Loans pursuant to
subsection 2.1A(iii). 
 “Canadian Swing Line Loans” has the meaning assigned to that term
in subsection 2.1A(iii). 
 “Canadian Swing Line Pro Rata Share” means the percentage assigned
to the Swing Line Lender set forth in Schedule 2.1 annexed hereto. 
 “Canadian/U.S. Base
Rate Loans” means Canadian/U.S. Loans bearing interest at rates determined by reference to the Domestic Base Rate as provided in subsection 2.2A. 
 “Canadian/U.S. Eurodollar Rate Loans” means Canadian/U.S. Loans bearing interest at rates determined by reference to the Adjusted Eurodollar Rate as provided in subsection 2.2A.

 “Canadian/U.S. Funding Assignment” has the meaning assigned to that term in subsection
13.1B. 
 “Canadian/U.S. Loans” means Dollar denominated Canadian Loans advanced to Company by
Canadian Lenders pursuant to subsection 2.1A(ii). 
 “Capital Lease,” as applied to any Person,
means any lease of any property (whether real, personal or mixed) by that Person as lessee that, in conformity with GAAP, is accounted for as a capital lease on the balance sheet of that Person. 

“Capital Stock” means any and all shares, interests, participations, rights or other equivalents
(however designated) of corporate stock. 
 “Casa Ley” means Casa Ley, S.A. de C.V., a Mexican
corporation. 
 “Cash Collateralize” means, to deposit in a Controlled Account or to pledge and
deposit with or deliver to applicable Administrative Agent, for the benefit of one or more of the Issuing Lenders, Swing Line Lenders or Lenders, as collateral for Letter of Credit Usage obligations of Lenders to fund participations in respect of
Letter of Credit Usage or as collateral for Swing Line Loans or obligations of Lenders to fund participations in respect of Swing Line Loans, cash or deposit account balances or, if the applicable Issuing Lender or Swing Line Lender shall agree in
its sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to the applicable Administrative Agent and applicable Issuing Lender or Swing Line Lender. “Cash Collateral” shall
have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

  
 7 

 “Change in Law” means the occurrence, after the date of
this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or
application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything
herein to the contrary, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith shall be deemed to be a “Change in Law”, regardless of the
date enacted, adopted or issued. 
 “CIBC” means Canadian Imperial Bank of Commerce.

 “Closing Date” means June 1, 2011. 

“Commercial Letter of Credit” means any letter of credit or similar instrument (which may include a
“steamship guaranty” or similar undertaking issued in connection with such letter of credit or similar instrument) issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or
services by Company or any of its Subsidiaries in the ordinary course of business of Company or such Subsidiary. 
 “Commitments” means the Domestic Commitments, the Canadian Commitments or any combination thereof. 

“Company” has the meaning assigned to that term in the introduction to this Agreement. 

“Company’s Common Stock” means the common stock, $.01 par value, of Company. 

“Compliance Certificate” means a certificate substantially in the form of Exhibit V annexed
hereto delivered to Domestic Administrative Agent and Lenders by Company pursuant to subsection 8.1(iii). 

“Consolidated Adjusted EBITDA” means, for any period, Consolidated Net Income adjusted to exclude
(without duplication) the effects of (i) any LIFO expense or income, (ii) Consolidated Interest Expense, (iii) provisions for taxes based on income, (iv) depreciation expense, (v) amortization expense, (vi) equity in
earnings or losses of unconsolidated affiliates to the extent not actually received or paid by Company or its Subsidiaries, (vii) material non-cash, non-recurring gains and losses, (viii) non-cash expenses recognized pursuant to Financial
Accounting Standards Board Accounting Standards Codification (“FASB ASC”) Topic 718, “Compensation – Stock Compensation”, (ix) property impairment charges recognized pursuant to FASB ASC Topic 360, “Property, Plant
and Equipment”; and (x) non-cash goodwill impairment charges incurred pursuant to FASB ASC Topic 350, “Intangibles – Goodwill and Other”, all of the foregoing as determined on a consolidated basis for Company and its
Subsidiaries (excluding any Unrestricted Subsidiaries) in conformity with GAAP; provided that if Consolidated Adjusted EBITDA for any period is increased as a result of any adjustment for a non-cash charge pursuant to clauses (vii), (viii),
(ix) or (x) and such non-cash charge represents a 

  
 8 

 
cash charge in any subsequent period, then Consolidated Adjusted EBITDA for such subsequent period shall be reduced by the amount of such cash charge. 

“Consolidated Interest Expense” means, for any period, interest expense with respect to all outstanding
Indebtedness (including, without limitation, net costs under Interest Rate Agreements and any such expense attributable to Capital Leases in accordance with GAAP) of Company and its Subsidiaries (excluding any Unrestricted Subsidiaries) for such
period determined on a consolidated basis in conformity with GAAP. 
 “Consolidated Net Income”
means, for any period, the net income (or loss), before extraordinary items, of Company and its Subsidiaries (excluding any Unrestricted Subsidiaries) on a consolidated basis for such period taken as a single accounting period determined in
conformity with GAAP. 
 “Consolidated Total Debt” means, as at any date of determination, the
aggregate stated balance sheet amount of all Indebtedness of Company and its Subsidiaries (excluding any Unrestricted Subsidiaries), determined on a consolidated basis in conformity with GAAP. 

“Contractual Obligation,” as applied to any Person, means any provision of any material indenture,
mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject. 

“Controlled Account” means a blocked, non-interest bearing deposit account at the applicable
Administrative Agent (or another commercial bank reasonably acceptable to such Administrative Agent) in the name of such Administrative Agent and under the sole dominion and control of such Administrative Agent, and otherwise established in a manner
reasonably satisfactory to such Administrative Agent. 
 “DBNA” means the Depository Bills and
Notes Act (Canada), as amended from time to time, and any successor statute. 
 “Deemed Floating
Rate” means (a) with respect to any portion of the principal amount of any Loan advanced to, or to be advanced to, Company, the Domestic Base Rate, (b) with respect to any portion of the principal amount of any Dollar denominated
Loan advanced to, or to be advanced to, Canada Safeway, the Canadian Base Rate, or (c) with respect to any portion of the principal amount of any Canadian Dollar denominated Loan advanced to, or to be advanced to, Canada Safeway, the Canadian
Prime Rate. 
 “Defaulting Lender” means any Lender that (a) has failed to (i) fund
all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the applicable Administrative Agent and Company in writing that such failure is the result of
such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay
to the applicable Borrower, applicable Administrative Agent, any Issuing Lender, any Swing Line Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swing
Line Loans) within two (2)

  
 9 

 
Business Days of the date when due, (b) has notified Company, the applicable Administrative Agent, any Issuing Lender or Swing Line Lender in writing that it does not intend to comply with
its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s
determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three
(3) Business Days after written request by the applicable Administrative Agent, to confirm in writing to such Administrative Agent in a reasonably satisfactory manner that it will comply with its funding obligations hereunder (provided
that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by such Administrative Agent), or (d) has, or has a direct or indirect parent company that has, (i) become
the subject of a proceeding under any Insolvency Law, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of
its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the
ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the
jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements
made with such Lender. Any determination by the applicable Administrative Agent that a Lender is a Defaulting Lender under clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed
to be a Defaulting Lender (subject to subsection 2.8B) upon delivery of written notice of such determination to Company, each Issuing Lender, each Swing Line Lender and each other Lender. 

“Designating Lender” has the meaning assigned to that term in subsection 13.1B. 

“Deutsche Bank” has the meaning assigned to that term in the introduction to this Agreement. 

“Deutsche Bank Canada” has the meaning assigned to that term in the introduction to this Agreement.

 “Documentation Agents” has the meaning assigned to that term in the introduction to this
Agreement and also means and includes any successor Documentation Agents appointed pursuant to subsection 11.5A. 
 “Dollars,” “$” and “U.S.$” mean the lawful money of the United States of America. 

“Dollar Equivalents” means Dollars or, with respect to any amount of Canadian Dollars, an equivalent
amount of Dollars determined at the rate of exchange quoted by Administrative Agent in New York City, at 9:00 a.m. (New York time) on the date of 

  
 10 

 
determination, to prime banks in New York City for the spot purchase in the New York foreign exchange market of Dollars with Canadian Dollars. 

“Domestic Administrative Agent” has the meaning assigned to that term in the introduction to this
Agreement. 
 “Domestic Base Rate” means, at any time, the higher of (i) the Domestic
Prime Rate (ii) the one-month Adjusted Eurodollar Rate for a Domestic Eurodollar Rate Loan plus 1.0%, or (iii) the rate which is 1/2 of 1% in excess of the Federal Funds Effective Rate for Dollar denominated loans. Any change in the
Domestic Base Rate due to a change in the Domestic Prime Rate or the Federal Funds Effective Rate shall be effective on the effective date of such change. 
 “Domestic Base Rate Loans” means Domestic Loans advanced to Company (excluding Domestic Swing Line Loans) bearing interest at rates determined by reference to the Domestic Base Rate as
provided in subsection 2.2A. 
 “Domestic Commitment” means the commitment of a Domestic
Lender to make Domestic Loans to Company pursuant to subsection 2.1A(i), and “Domestic Commitments” means such commitments of all Domestic Lenders in the aggregate. 

“Domestic Eurodollar Rate Loans” means Domestic Loans (excluding any Negotiated Rate Loans) denominated
in Dollars, advanced to Company and bearing interest at rates determined by reference to the Adjusted Eurodollar Rate as provided in subsection 2.2A. 
 “Domestic Funding and Payment Office” means the office of Domestic Administrative Agent located at Deutsche Bank AG New York Branch, 5022 Gate Parkway, Jacksonville, FL 32256, or such
other location in the United States of America as may from time to time be designated in writing by Domestic Administrative Agent. 
 “Domestic Lenders” means any Lender having a Domestic Commitment or, on and after the termination of any such Commitments, Domestic Loans outstanding. 

“Domestic Loan Exposure” means, with respect to any Domestic Lender as of any date, (a) prior to
the termination of the Domestic Commitments, that Lender’s Domestic Commitment, and (b) after the termination of the Domestic Commitments, the sum of (w) the aggregate outstanding principal amount of the Domestic Loans of that Lender
(it being understood and agreed for the purposes hereof that the Canadian/U.S. Loans of any U.S. Affiliate of any Canadian Lender in respect of the Canadian Commitments are Canadian Loans of such Canadian Lender and not Domestic Loans of such U.S.
Affiliate) plus (x) in the event that Lender is an Issuing Lender, the aggregate Letter of Credit Usage in respect of all Letters of Credit issued by that Lender (in each case net of any participations purchased by other Lenders in any
such Letter of Credit or any unreimbursed drawings under such Letters of Credit) plus (y) the aggregate amount of all participations purchased by that Lender in Letters of Credit or in any drawings thereunder honored by Issuing Lenders
and not theretofore reimbursed by Company plus (z) the aggregate principal amount of that Lender’s participations (if any) in Domestic Swing Line Loans. 

  
 11 

 “Domestic Loans” means the Loans made by Domestic Lenders
to Company pursuant to subsection 2.1A(i), the Domestic Swing Line Loans and the Negotiated Rate Loans, or any combination thereof. 
 “Domestic Prime Rate” means the rate that Domestic Administrative Agent announces from time to time as its prime lending rate in the United States for Dollar denominated loans, as in
effect from time to time. The Domestic Prime Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer. Domestic Administrative Agent or any other Lender may make commercial loans or other
loans at rates of interest at, above or below the Domestic Prime Rate. 
 “Domestic Pro Rata
Share” means, with respect to any Domestic Lender, (a) prior to the termination of the Domestic Commitments, the Domestic Commitment of such Domestic Lender as a percentage of the sum of the Domestic Commitments of all Domestic
Lenders, and (b) after the termination of the Domestic Commitments, the outstanding Domestic Loans made by such Domestic Lender (it being understood and agreed for the purposes hereof that the Canadian/U.S. Loans of any U.S. Affiliate of any
Canadian Lender in respect of the Canadian Commitments are Canadian Loans of such Canadian Lender and not Domestic Loans of such U.S. Affiliate) as a percentage of the sum of the Domestic Loans made by all Domestic Lenders. 

“Domestic Register” has the meaning assigned to that term in subsection 2.1D. 

“Domestic Swing Line Commitment” means the commitment of Swing Line Lenders in respect of the Domestic
Swing Line Loans to make Domestic Swing Line Loans pursuant to subsection 2.1A(iii). 
 “Domestic
Swing Line Pro Rata Share” means the percentage assigned to each Swing Line Lender set forth in Schedule 2.1 annexed hereto. 
 “Domestic Swing Line Loans” has the meaning assigned to that term in subsection 2.1A(iii). 
 “Drafts” means, at any time, either a depository bill within the meaning of the DBNA or a blank bill of exchange, within the meaning of the Bills of Exchange Act (Canada), in
substantially the form of Exhibit X annexed hereto or such other form as may be agreed by Canada Safeway and Canadian Administrative Agent or such Canadian Lender, drawn by Canada Safeway on a Canadian Lender and bearing such distinguishing
letters and numbers as such Canadian Lender may determine, but which at such time, except as otherwise provided herein, has not been completed or accepted by such Canadian Lender. 

“Drawing” means the creation of Acceptances by a Canadian Lender pursuant to Section 4. 

“Drawing Date” means any Business Day fixed pursuant to subsection 4.1 for a Drawing. 

  
 12 

 “Drawing Fee” means, with respect to the Drafts drawn by
Canada Safeway hereunder and accepted by any Canadian Lender as provided herein on any Drawing Date, an amount equal to the Pricing Margin per annum on the aggregate Face Amount of such Drafts calculated on the basis of the term to maturity of such
Draft and a year of 365 days. 
 “Drawing Notice” has the meaning assigned to that term in
subsection 4.2. 
 “Drawing Purchase Price” means, in respect of Acceptances to be purchased by
a Canadian Lender, the difference between (i) the result (rounded to the nearest whole cent, with one-half of one cent being rounded up) obtained by dividing the aggregate Face Amount of such Acceptances by the sum of one plus the product of
(x) the applicable Average Effective Discount Rate multiplied by (y) a fraction the numerator of which is the term of maturity of such Acceptances and the denominator of which is 365; and (ii) the applicable Drawing Fee. 

“Eligible Assignee” means (i) any Lender, any Affiliate of any Lender and any Approved Fund of any
Lender; and (ii) (a) a commercial bank organized under the laws of the United States or any state thereof; (b) a savings and loan association or savings bank organized under the laws of the United States or any state thereof;
(c) a commercial bank organized under the laws of any other country or a political subdivision thereof; provided that (1) such bank is acting through a branch or agency located in the United States or (2) such bank is organized
under the laws of a country that is a member of the Organization for Economic Cooperation and Development or a political subdivision of such country; and (d) any other entity that is an “accredited investor” (as defined in Regulation
D under the Securities Act) that extends credit or buys loans as one of its businesses including insurance companies, mutual funds and lease financing companies; provided that neither Company nor any Affiliate of Company shall be an Eligible
Assignee. 
 “Employee Benefit Plan” means any “employee benefit plan” as defined in
Section 3(3) of ERISA (other than a Multiemployer Plan) which is, or was at any time in the preceding five years, maintained or contributed to by Company or, with respect to any such plan that is subject to Section 412 of the Code or Title
IV of ERISA, any of its ERISA Affiliates, or as to which Company or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any of its ERISA Affiliates may have any liability. 

“Environmental Laws” means all statutes, ordinances, orders, rules, regulations, plans, guidelines,
permits, policies or decrees and the like relating to (i) environmental matters, including, without limitation, those relating to fines, injunctions, penalties, damages, contribution, cost recovery compensation, losses or injuries resulting
from the Release or threatened Release of Hazardous Materials, (ii) the generation, use, storage, transportation or disposal of Hazardous Materials, or (iii) occupational safety and health, industrial hygiene, land use or the protection of
human, plant or animal health or welfare, in any manner applicable to Company or any of its Subsidiaries or any of their respective properties, including, without limitation, the Comprehensive Environmental Response, Compensation, and Liability Act
(42 U.S.C. § 9601 et seq.), the Hazardous Materials Transportation Act (49 U.S.C. § 5101 et seq.), the Resource Conservation and Recovery Act (42 U.S.C. § 6901 et seq.), the
Federal Water Pollution Control Act ( 33 U.S.C. § 1251 et seq.), the Clean Air Act (42 U.S.C. § 7401 et seq.), the Toxic Substances Control Act (15 U.S.C. § 2601 et seq.), the
Federal Insecticide, Fungicide 

  
 13 

 
and Rodenticide Act (7 U.S.C. §136 et seq.), the Occupational Safety and Health Act (29 U.S.C. § 651 et seq.) and the Emergency Planning and Community
Right-to-Know Act (42 U.S.C. § 11001 et seq.), each as amended or supplemented, and any analogous future or present local, state and federal statutes and regulations promulgated pursuant thereto, each as in effect as of the
date of determination. 
 “ERISA” means the U.S. Employee Retirement Income Security Act of
1974, as amended from time to time, and any successor statute. 
 “ERISA Affiliate,” as applied
to any Person as of any date, means (i) any corporation which is or was at any time during the preceding five years a member of a controlled group of corporations within the meaning of Section 414(b) of the Internal Revenue Code of which
that Person is (or was at any time during such preceding five years) a member; (ii) any trade or business (whether or not incorporated) which is or was at any time during the preceding five years a member of a group of trades or businesses
under common control within the meaning of Section 414(c) of the Internal Revenue Code of which that Person is (or was at any time during such preceding five years) a member; and (iii) any member of an affiliated service group within the
meaning of Section 414(m) or (o) of the Internal Revenue Code of which that Person, any corporation described in clause (i) above or any trade or business described in clause (ii) above is or was at any time during the preceding
five years a member. 
 “ERISA Event” means (i) a “reportable event” within the
meaning of Section 4043(c) of ERISA and the regulations issued thereunder with respect to any Pension Plan (excluding those for which the provision for 30-day notice to the PBGC has been waived by regulation); (ii) the failure of Company
or any of its ERISA Affiliates to meet the minimum funding standard of Sections 412 and 430 of the Internal Revenue Code with respect to any Pension Plan (whether or not waived in accordance with Section 412(c) of the Internal Revenue Code) or
the failure of Company or any of its ERISA Affiliates to make by its due date a required installment under Section 430(i) of the Internal Revenue Code with respect to any Pension Plan or the failure of Company or any of its ERISA
Affiliates to make any required contribution to a Multiemployer Plan; (iii) the filing of a notice by plan administrator of intent to terminate or the treatment of a Pension Plan amendment as a termination under Section 4041 of ERISA;
(iv) the withdrawal (including any cessation of operations treated as a withdrawal under Section 4062(e) of ERISA) by Company or any of its ERISA Affiliates from any Pension Plan with two or more contributing sponsors during a plan year in
which it was a “substantial employer” (as defined in Section 4001(a)(2) of ERISA), or the termination of any Pension Plan with two or more contributing sponsors, resulting in liability on Company or any of its ERISA Affiliates
pursuant to Section 4063 or 4064 of ERISA, respectively; (v) the institution by the PBGC of proceedings to terminate any Pension Plan or Multiemployer Plan, or the occurrence of any event or condition which would constitute grounds under
Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan pursuant to Section 4042 of ERISA; (vi) the imposition of liability on Company or any of its ERISA
Affiliates pursuant to Section 4062(e) or 4069 of ERISA, by reason of the application of Section 4212(c) of ERISA, or under any other provision of Title IV of ERISA, other than for PBGC premiums due but not delinquent under
Section 4007 of ERISA; (vii) the withdrawal by Company or any of its ERISA Affiliates in a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) from any Multiemployer Plan, or the receipt by Company

  
 14 

 
or any of its ERISA Affiliates of notice from any Multiemployer Plan that such Multiemployer Plan is in “reorganization” or “insolvency” pursuant to Section 4241 or 4245
of ERISA, respectively, or that such Multiemployer Plan intends to terminate or has terminated under Section 4041A or 4042 of ERISA; (viii) the imposition on Company or any of its ERISA Affiliates of fines, penalties, taxes or liabilities under
Chapter 43 of the Internal Revenue Code or under Section 409 or 502(c), (i) or (l) or 4071 of ERISA in respect of any Employee Benefit Plan; (ix) receipt from the Internal Revenue Service of notice of the failure of any Pension
Plan (or any other Employee Benefit Plan other than a Multiemployer Plan) intended to be qualified under Section 401(a) of the Internal Revenue Code) to qualify under Section 401(a) of the Internal Revenue Code, or the failure of any trust
forming part of any Pension Plan (or any other Employee Benefit Plan other than a Multiemployer Plan) to qualify for exemption from taxation under Section 501(a) of the Internal Revenue Code; (x) the imposition of a Lien upon the assets of
Company or any of its ERISA Affiliates pursuant to Section 401(a)(29) or 412(n) of the Internal Revenue Code or pursuant to ERISA with respect to any Pension Plan; or (xi) the termination of a Foreign Plan or the failure by Borrowers or
any of their Subsidiaries to make full payment when due of all material contributions to any Foreign Plan required under such Foreign Plan or under foreign law. 

“Event of Default” means each of the events set forth in Section 10. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any
successor statute. 
 “Excluded Taxes” means, with respect to any Person, (i) taxes
imposed on or measured by its overall net income (however denominated) and franchise taxes imposed in lieu thereof by the jurisdiction (or any political subdivision thereof) under the laws of which such Person is organized, in which its principal
office is located, in the case of a Lender, in which its applicable lending office is located or in which it is doing business (other than by virtue of 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 contemplated by, or enforced this Agreement or any other Loan Document) (ii) any branch profits taxes imposed by the United States of America or any
similar tax imposed by any other jurisdiction in which a Borrower is located, and (iii) any withholding or backup withholding tax (except (a) any such taxes that are applicable to the Obligations or any such payment solely by reason of the
fact Canada Safeway is doing business in the United States of America or (b) any such tax payable during the continuance of any Event of Default) that (x) is imposed on amounts payable to such Person at the time such Person becomes a party
hereto (or designates a new lending office) except for any such taxes imposed as a result of any action taken by a Lender pursuant to subsection 5.2, or (y) is attributable to such Person’s failure or inability (other than as a result of a
Change in Law) to comply with subsection 5.1B(v) or to a change (other than a Change in Law) in the documentation provided by such Person pursuant to subsection 5.1B(v), except to the extent that such Person (or its assignor, if any) was entitled,
at the time of designation of a new lending office (or assignment), to receive additional amounts from any Borrower with respect to such withholding or backup withholding tax pursuant to any provision of subsection 5.1B, or (z) is required to
be deducted under applicable law from any payment hereunder on the basis of the information provided by such Lender pursuant to clause (c) of Section 5.1B(v). 

  
 15 

 “Existing Company Letters of Credit” means those certain
Letters of Credit issued and outstanding pursuant to the Existing Credit Agreement and described on Schedule 3.1 annexed hereto. 
 “Existing Credit Agreement” means the Credit Agreement dated as of June 1, 2005, among Company, Canada Safeway, the lenders named therein, Deutsche Bank, as administrative agent,
U.S. Bank, as documentation agent, the co-syndication agents named therein and the agents named therein, as amended from time to time. 
 “Face Amount” means, in respect of a Draft or an Acceptance, as the case may be, the amount payable to the holder thereof on its maturity. 

“Facility Fee Percentage” means, as of any date, the percentage per annum set forth below that
corresponds to the Pricing Level in effect on such date: 
  

					
	 Pricing Level
	  	Facility
Fee Percentage
(in basis points)	 
		
	 Pricing Level A:
	  	 	10.00	  
	 Pricing Level B:
	  	 	12.50	  
	 Pricing Level C:
	  	 	15.00	  
	 Pricing Level D:
	  	 	17.50	  
	 Pricing Level E:
	  	 	20.00	  
	 Pricing Level F:
	  	 	22.50	  
	 Pricing Level G:
	  	 	25.00	  

 The
Facility Fee Percentage shall change as of the opening of business on any day that the Pricing Level changes pursuant to the definition of “Pricing Level.” 

“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement
(or any amended version that is substantively comparable) and any current or future regulations or official interpretations thereof. 
 “Federal Funds Effective Rate” means, for any period, a fluctuating interest rate equal for each day during such period to the weighted average of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such
rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by Domestic Administrative Agent from three Federal funds brokers of recognized standing selected by Domestic
Administrative Agent. 
 “Fee Letters” means (i) the letter agreement among Company, the
Joint Bookrunners, Bank of America and JPMorgan dated April 6, 2011, and (ii) the letter agreement among Company, DBSI, Deutsche Bank, BNPS, BNP Paribas, U.S. Bank, WFS and WFB dated April 6, 2011. 

  
 16 

 “Fiscal Year” means, for any purpose, any of the 52-week or
53-week reporting periods used by Company in the financial reports it prepares for external reporting purposes. 

“Fitch” means Fitch Ratings, a wholly owned subsidiary of Fimalac, S.A. 

“Fixed Rate Loans” means Domestic Eurodollar Rate Loans, Canadian Eurodollar Rate Loans, Canadian/U.S.
Eurodollar Rate Loans or any combination thereof. 
 “Floating Rate Loans” means Domestic Base
Rate Loans, Canadian Prime Rate Loans, Canadian Base Rate Loans or Canadian/U.S. Base Rate Loans, or any combination thereof. 
 “Foreign Plan” means a “defined benefit plan” as defined under Section 3(35) of ERISA, which is described in Section 4(b)(4) of ERISA and which is maintained or
contributed to by Company or any of its Subsidiaries, or under which Company or any of its Subsidiaries may have any liability. 
 “Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to any Issuing Lender, such Defaulting Lender’s Aggregate Pro Rata Share of the outstanding
Letter of Credit Usage with respect to Letters of Credit issued by such Issuing Lender other than such Letter of Credit Usage as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash
Collateralized in accordance with the terms hereof, and (b) with respect to any Swing Line Lender, such Defaulting Lender’s Aggregate Pro Rata Share of outstanding Swing Line Loans made by such Swing Line Lender other than such Swing Line
Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof. 

“Funding Date” means the date any Loan is funded or any Acceptance is created, as applicable.

 “GAAP” means accounting principles generally accepted in the United States of America set
forth in opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other
entity as may be approved by a significant segment of the accounting profession, in each case as the same are applicable to the circumstances as of the date of determination. 

“Governmental Acts” has the meaning assigned to that term in subsection 3.5A. 

“Governmental Authority” means the government of the United States of America, Canada or any other
nation, or agencies and political subdivisions 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 bodies such as the European Union or the European Central Bank). 

  
 17 

 “Hazardous Materials” means (i) any chemical, material
or substance at any time defined as or included in the definition of “hazardous substances,” “hazardous wastes,” “hazardous materials,” “extremely hazardous waste,” “restricted hazardous waste,”
“infectious waste,” “toxic substances” or any other formulations intended to define, list or classify substances by reason of deleterious properties such as ignitability, corrosivity, reactivity, carcinogenicity, toxicity,
reproductive toxicity, “TCLP toxicity” or “EP toxicity” or words of similar import under any applicable Environmental Laws or publications promulgated pursuant thereto; (ii) any oil, petroleum, petroleum fraction or
petroleum derived substance; (iii) any drilling fluids, produced waters and other wastes associated with the exploration, development or production of crude oil, natural gas or geothermal resources; (iv) any flammable substances or
explosives; (v) any radioactive materials; (vi) asbestos in any form; (vii) urea formaldehyde foam insulation; (viii) electrical equipment which contains any oil or dielectric fluid containing levels of polychlorinated biphenyls
in excess of fifty parts per million; and (ix) pesticides. 
 “Increase Effective Date”
has the meaning assigned to that term in subsection 2.7. 
 “Indebtedness,” as applied to any
Person, means (i) all indebtedness for borrowed money, (ii) that portion of obligations with respect to Capital Leases that is properly classified as a liability on a balance sheet in conformity with GAAP, (iii) notes payable and
drafts accepted representing extensions of credit whether or not representing obligations for borrowed money, (iv) any obligation owed for all or any part of the deferred purchase price of property or services (excluding any such obligations
incurred under ERISA), which purchase price is (a) due more than six months from the date of incurrence of the obligation in respect thereof or (b) evidenced by a note or similar written instrument, (v) all indebtedness secured by any
Lien on any property or asset owned or held by that Person regardless of whether the indebtedness secured thereby shall have been assumed by that Person or is nonrecourse to the credit of that Person, and (vi) other than for the purposes of
Section 10, guaranties of any obligations set forth in sub-paragraphs (i) through (v) inclusive of this definition. 
 “Indemnified Liabilities” has the meaning assigned to that term in subsection 13.3. 
 “Indemnified Taxes” means Taxes other than Excluded Taxes. 
 “Indemnitee” has the meaning assigned to that term in subsection 13.3. 
 “Insolvency Laws” means the Bankruptcy Code, the Bankruptcy and Insolvency Act (Canada) or any comparable law of Canada or any other applicable bankruptcy, insolvency or similar law now
or hereafter in effect in the United States of America or any state thereof or Canada or any province thereof. 

“Interest Coverage Ratio” means, as at any date of determination, the ratio (rounded down to the nearest
one-hundredth) of (i) Consolidated Adjusted EBITDA to (ii) Consolidated Interest Expense, in each case for the four fiscal quarter period ending with the most recently completed fiscal quarter of Company. 

  
 18 

 “Interest Payment Date” means (i) with respect to any
Floating Rate Loan, each Quarterly Payment Date; (ii) with respect to any Swing Line Loan, the last day of each month; (iii) with respect to any Fixed Rate Loan, the last day of each Interest Period applicable to such Loan; provided
that in the case of each Interest Period of longer than three months “Interest Payment Date” shall also include each date that is three months, or an integral multiple thereof, after the commencement of such Interest Period, and
(iv) in the case of any Negotiated Rate Loan, the dates mutually agreed upon by Company and the applicable Lender. 
 “Interest Period” has the meaning assigned to that term in subsection 2.2B. 
 “Interest Rate Agreement” means any interest rate swap agreement, interest rate cap agreement, interest rate collar agreement or other similar agreement or arrangement to which Company or
any of its Subsidiaries is a party and which is used to manage the percentages of fixed and floating rate Indebtedness of Company and its Subsidiaries. 
 “Interest Rate Determination Date” means, with respect to any Interest Period, the second Business Day prior to the first day of such Interest Period. 

“Internal Revenue Code” means the U.S. Internal Revenue Code of 1986, as amended to the date hereof and
from time to time hereafter. 
 “Issuing Lender” means (i) with respect to any Existing
Company Letter of Credit, the Lender described as “Issuer” of such Existing Company Letter of Credit in Schedule 3.1 and (ii) with respect to any other Letter of Credit, the Lender which agrees or is otherwise obligated to issue such
Letter of Credit, determined as provided in subsection 3.1B(ii), it being understood that Deutsche Bank may designate an Affiliate as “Lender” solely for purposes of the issuance of a Letter of Credit (including Existing Company Letters of
Credit) and, for purposes of this Agreement, such Affiliate shall be deemed to be a Lender and an Issuing Lender. 
 “Joint Bookrunners” has the meaning assigned to that term in the introduction to this Agreement. 
 “Joint Lead Arrangers” has the meaning assigned to that term in the introduction to this Agreement. 

“JPMorgan” has the meaning assigned to that term in the introduction to this Agreement. 

“JPMS” has the meaning assigned to that term in the introduction to this Agreement. 

“L/C Disbursement” means a payment made by the Issuing Lender pursuant to a Letter of Credit.

 “Lender” and “Lenders” means the persons identified as “Lenders”
and listed on the signature pages of this Agreement, together with their successors and permitted assigns pursuant to subsection 13.1 and any additional Lenders added in accordance with the provisions of subsection 2.7 (including, without
limitation, any U.S. Affiliate). 

  
 19 

 “Letter of Credit” or “Letters of Credit”
means Commercial Letters of Credit and Standby Letters of Credit issued or to be issued by Issuing Lenders for the account of Company pursuant to subsection 3.1. 

“Letter of Credit Fee” has the meaning given such term in subsection 3.2(i)(b) of the Agreement.

 “Letter of Credit Usage” means, as at any date, (1) with respect to all Domestic
Lenders, the sum of (i) the maximum aggregate amount which is or at any time thereafter may become available for drawing under all Letters of Credit then outstanding plus (ii) the aggregate amount of all drawings under Letters of
Credit honored by Issuing Lenders and not theretofore reimbursed by Company (including any such reimbursement out of the proceeds of Loans pursuant to subsection 3.3B) and (2) with respect to any Domestic Lender, such Domestic Lender’s
Domestic Pro Rata Share of the sum of the amounts described in the preceding clauses (i) and (ii). For purposes of this definition, any amount described in clauses (i) or (ii) of the preceding sentence which is denominated in Canadian
Dollars shall be valued in Dollar Equivalents as of such date. 
 “Lien” means any lien,
mortgage, pledge, assignment, security interest, charge or encumbrance of any kind (including any conditional sale or other title retention agreement, any lease in the nature thereof, and any agreement to give any security interest). 

“Loan Documents” means this Agreement (including the Subsidiary Borrower Guaranty), the Notes, the
Letters of Credit (and any applications for, or reimbursement agreements or other documents or certificates executed by Company in favor of an Issuing Lender relating to, the Letters of Credit), the Drafts, the Acceptances, the Administrative Agent
Fee Letter, the Fee Letter and any collateral account agreement executed and delivered pursuant to Section 10. 
 “Loan Parties” means each of the Borrowers. 

“Loans” means Domestic Loans made by Domestic Lenders to Company pursuant to subsections 2.1A(i),
2.1A(iii) or 2.1A(iv) or Canadian Loans made by Canadian Lenders to any Borrower pursuant to subsections 2.1A(ii) or 2.1A(iii), or any combination thereof. 
 “Margin Stock” has the meaning assigned to that term in Regulation U of the Board of Governors of the Federal Reserve System as in effect from time to time. 

“Material Adverse Effect” means (i) a material adverse effect upon the business, operations,
properties, assets or condition (financial or otherwise) of Company and its Subsidiaries (other than Unrestricted Subsidiaries), taken as a whole, or (ii) the material impairment of any Administrative Agent or Lender to enforce, the Obligations
in the aggregate. 
 “Material Asset Sale” means the sale, in a single transaction or series of
related transactions, by Company or any of its Subsidiaries (other than Unrestricted Subsidiaries) to any Person other than Company or any of its Wholly-Owned Subsidiaries of (i) any of the stock of

  
 20 

 
any of Company’s Subsidiaries, or (ii) any other assets (whether tangible or intangible) of Company or any of its Subsidiaries outside of the ordinary course of business;
provided that the aggregate Book Value of all assets transferred in such sale (including, without limitation, the assets of any Subsidiary the stock of which is so transferred) equals or exceeds 20% of the Book Value of the consolidated
assets of Company and its Subsidiaries (other than Unrestricted Subsidiaries). 
 “Material
Subsidiary” means, at any date, any domestic Subsidiary of Company (other than any Unrestricted Subsidiary) whose tangible assets have a Book Value equal to or exceeding 5% of the Book Value of the consolidated tangible assets of Company
and its Subsidiaries. 
 “Minimum Collateral Amount” means, at any time, (i) with respect
to Cash Collateral consisting of cash or deposit account balances, in an amount sufficient to cover the Fronting Exposure of all Issuing Lenders or Swing Line Lenders with respect to Letters of Credit or Swing Line Loans, as applicable, issued and
outstanding at such time and (ii) otherwise, an amount determined by the applicable Administrative Agent, the Issuing Lenders and the Swing Line Lenders, as applicable in their reasonable discretion. 

“MLPFS” has the meaning assigned to that term in the introduction to this Agreement. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Multiemployer Plan” means a “multiemployer plan,” as defined in Section 3(37) of ERISA
and which is subject to Title IV of ERISA, to which Company or any of its ERISA Affiliates is contributing, or may have any liability. 
 “Negotiated Rate” means, with respect to any Negotiated Rate Loan, the fixed rate of interest per annum agreed upon by Company and the Domestic Lender funding such Loan. 

“Negotiated Rate Loan” has the meaning set forth in subsection 2.1A(iv). 

“Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time.

 “Notes” means any promissory notes issued by Company or Canada Safeway pursuant to
subsection 2.1E, substantially in the form of Exhibit IV-A or IV-B annexed hereto, respectively, to evidence the Loans of any Lenders, as notes may be amended, supplemented or otherwise modified from time to time. 

“Notice of Borrowing” means a notice substantially in the form of Exhibit I annexed hereto
delivered by a Borrower to the applicable Administrative Agent pursuant to subsection 2.1B with respect to a proposed borrowing. 
 “Notice of Conversion/Continuation” means a notice substantially in the form of Exhibit II annexed hereto delivered by a Borrower to Domestic Administrative Agent

  
 21 

 
pursuant to subsection 2.2D with respect to a proposed conversion or continuation of the applicable basis for determining the interest rate with respect to the Loans specified therein.

 “Notice of Issuance of Letter of Credit” means a notice substantially in the form of
Exhibit III annexed hereto delivered by Company to Domestic Administrative Agent pursuant to subsection 3.1B(i) with respect to the proposed issuance of a Letter of Credit. 

“Obligations” means all obligations of every nature of Borrowers from time to time owed to Agents,
Lenders or any of them under the Loan Documents, whether for principal, interest, reimbursement of amounts drawn under Letters of Credit, fees, expenses, indemnification or otherwise. 

“Officers’ Certificate” means, as applied to any corporation, a certificate executed on behalf of
such corporation by any of its Authorized Officers. 
 “Original Currency” has the meaning set
forth in subsection 13.18. 
 “Other Currency” has the meaning set forth in subsection 13.18.

 “Other Taxes” means all present or future stamp or documentary taxes or any other excise or
property taxes, charges or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document.

 “Participant” means a purchaser of a participation in the rights and obligations under this
Agreement pursuant to subsection 13.1C. 
 “Participant Register” has the meaning set forth in
subsection 13.1C. 
 “PBGC” means the U.S. Pension Benefit Guaranty Corporation (or any
successor thereto). 
 “Pension Plan” means any Employee Benefit Plan, other than a
Multiemployer Plan, which is subject to Section 412 of the Internal Revenue Code or Title IV of ERISA. 

“Permitted Encumbrances” means the following types of Liens (other than any such Lien imposed pursuant
to Section 401(a)(29) or 412(n) of the Internal Revenue Code or by ERISA): 
 (i) Liens for
taxes, assessments or governmental charges or claims the payment of which is not, at the time, required by subsection 8.3; 
 (ii) statutory Liens of landlords and Liens of carriers, warehousemen, mechanics and materialmen and other Liens imposed by law incurred in the ordinary course of business for sums not yet delinquent or
being contested in good faith, if such reserve or other appropriate provision, if any, as shall be required by GAAP shall have been made therefor; 

  
 22 

 (iii) Liens incurred or deposits made in the ordinary course
of business in connection with workers’ compensation, unemployment insurance and other types of social security (and related standby letters of credit), or to secure the performance of tenders, statutory obligations, surety and appeal bonds,
bids, leases, government contracts, trade contracts, performance and return-of-money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money); 

(iv) any attachment or judgment Lien not constituting an Event of Default under subsection 10.8;

 (v) leases or subleases or licenses of occupancy granted to others not interfering in any
material respect with the ordinary conduct of the business of Company or any of its Subsidiaries; 
 (vi) easements, rights-of-way, restrictions, minor defects, encroachments or irregularities in title and other similar charges or encumbrances not interfering in any material respect with the ordinary
conduct of the business of Company or any of its Subsidiaries; 
 (vii) any (a) interest or
title of a lessor or sublessor under any lease, (b) restriction or encumbrance that the interest or title of such lessor or sublessor may be subject to, or (c) subordination of the interest of the lessee or sublessee under such lease to
any restriction or encumbrance referred to in the preceding clause (b); 
 (viii) Liens arising
from filing UCC financing statements relating solely to leases not prohibited by this Agreement; 

(ix) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of
customs duties in connection with the importation of goods; 
 (x) Liens encumbering deposits
made to secure obligations arising from statutory, regulatory, contractual or warranty requirements of Company and its Subsidiaries (excluding deposits securing the repayment of Indebtedness); 

(xi) Liens encumbering customary initial deposits and margin deposits, and other Liens incurred in the
ordinary course of business and which are within the general parameters customary in the industry securing obligations under commodities agreements; and 

(xii) Liens securing reimbursement obligations under Commercial Letters of Credit or bankers’
acceptance facilities, which Liens encumber documents and other property to be acquired by drawings under such Commercial Letters of Credit or drafts accepted under such bankers’ acceptance facilities. 

“Person” means and includes natural persons, corporations, limited partnerships, general partnerships,
limited liability companies, limited liability partnerships, joint stock companies, joint ventures, associations, companies, trusts, banks, trust companies, land trusts, 

  
 23 

 
business trusts or other organizations, whether or not legal entities, and any Governmental Authority. 
 “Potential Event of Default” means a condition or event that, after notice or lapse of time or both, would constitute an Event of Default. 

“Pricing Level” means as of any date, the higher Pricing Level, whether (in descending order from the
highest Pricing Level to the lowest Pricing Level) Pricing Level A, Pricing Level B, Pricing Level C, Pricing Level D, Pricing Level E, Pricing Level F, or Pricing Level G, that corresponds to either (a) Company’s unsecured senior debt
ratings from Fitch, Moody’s and S&P or (b) Company’s Interest Coverage Ratio as set forth in the most recent effective Pricing Level Determination Certificate delivered in accordance with the provisions of subsection 8.1(iv);
provided that, the Pricing Level as of the Closing Date shall be Pricing Level D and the applicable Pricing Level from the Closing Date until Company delivers a Pricing Level Determination Certificate with respect to its Fiscal Year ending on
or about December 31, 2011 shall not be more favorable to Borrowers than Pricing Level D; provided further, if Company delivers a Pricing Level Determination Certificate for its fiscal quarter ending on or about September 10, 2011
and based on such certificate the Pricing Level is more favorable than Pricing Level D, then any such more favorable Pricing Level shall apply for the period between January 1, 2012 and the first business day after the delivery of a Pricing
Level Determination Certificate required to be delivered for the Fiscal Year ending on or about December 31, 2011. Subject to the other terms hereof, the Pricing Level in effect at any time thereafter will be the Pricing Level resulting in the
lowest Pricing Margin from among the Pricing Levels then applicable based on such debt rating or the Interest Coverage Ratio: 
  

			
	 Pricing Level
	  	 Debt Ratings/Interest

Coverage Ratio

		
	 Pricing Level A:
	  	 (i) better than or equal to at least two of the following three ratings: A+ or better by Fitch or A1 or better by Moody’s or A+ or better by
S&P or (ii) Interest Coverage Ratio of 9.50:1.00 or higher

		
	 Pricing Level B:
	  	 (i) better than or equal to at least two of the following three ratings: A by Fitch or A2 by Moody’s or A by S&P or (ii) Interest Coverage Ratio of
at least 8.50:1:00 but less than 9.50:1.00

  
 24 

			
	 Pricing Level C:
	  	 (i) better than or equal to at least two of the following three ratings: A- by Fitch or A3 by Moody’s or A- by S&P or (ii) Interest Coverage Ratio of
at least 7.50:1.00 but less than 8.50:1.00

		
	 Pricing Level D:
	  	 (i) better than or equal to at least two of the following three ratings: BBB+ by Fitch or Baa1 by Moody’s or BBB+ by S&P or (ii) Interest
Coverage Ratio of at least 6.50:1.00 but less than 7.50:1.00

		
	 Pricing Level E:
	  	 (i) better than or equal to at least two of the following three ratings: BBB by Fitch or Baa2 by Moody’s or BBB by S&P or (ii) Interest Coverage
Ratio of at least 5.50:1.00 but less than 6.50:1.00

		
	 Pricing Level F:
	  	 (i) at least two of the following three ratings: Below BBB- by Fitch or below Baa3 by Moody’s or below BBB- by S&P or (ii) Interest Coverage Ratio of
at least 4.50 but less than 5.50:1.00

		
	 Pricing Level G:
	  	 (i) no other Pricing Level exists or (ii) Interest Coverage Ratio below 4.50:1.00

For the purposes of determining the Pricing Level, a Pricing Level Determination Certificate shall be deemed effective on
the next Business Day following Administrative Agents’ receipt thereof, and, subject to the foregoing proviso, the Pricing Level shall change on such Business Day to the extent necessary to reflect Company’s debt rating and Interest
Coverage Ratio as set forth in such Pricing Level Determination Certificate. 
 “Pricing Level
Determination Certificate” means a certificate substantially in the form of Exhibit VII annexed hereto delivered to Domestic Administrative Agent and Lenders by Company pursuant to subsection 8.1(iv). 

“Pricing Margin” means, as of any date, the Pricing Margin set forth below that corresponds to the
Pricing Level in effect on such date: 

  
 25 

					
	 Pricing Margin

(in basis points)

	 Pricing

Level
	  	 Domestic Eurodollar Rate

Loans/Canadian Eurodollar Rate
 Loans/Canadian/U.S. Eurodollar Rate
 Loans/Letter of Credit Fee/ Drawing
Fee
	  	 Canadian Prime Rate Loans/Domestic

Base Rate Loans/Canadian Base Rate
 Loans/Canadian/U.S. Base Rate Loans

	 A
	  	77.5	  	0.00
	 B
	  	87.5	  	0.00
	 C
	  	97.5	  	12.5
	 D
	  	107.5	  	25.0
	 E
	  	117.5	  	37.5
	 F
	  	127.5	  	50.0
	 G
	  	150.0	  	75.0

 The
Pricing Margin shall change as of the opening of business on any day that the Pricing Level changes pursuant to the definition of “Pricing Level.” 
 “Primary Agent” and “Primary Agents” means Deutsche Bank, in its capacity as Domestic Administrative Agent, Deutsche Bank Canada, in its capacity as Canadian
Administrative Agent, Bank of America and JPMorgan, in their respective capacities as Syndication Agents and MLPFS and JPMS, in their respective capacities as Joint Bookrunners, and also means and includes any successor to any Administrative Agent
or Joint Bookrunner appointed pursuant to subsection 11.5A. 
 “Proceedings” has the meaning
assigned to that term in subsection 8.1(viii). 
 “Quarterly Payment Date” means the last
Business Day of March, June, September and December in each calendar year. 
 “Refunded Canadian Swing
Line Loans” has the meaning assigned to that term in subsection 2.1A(iii). 
 “Refunded
Domestic Swing Line Loans” has the meaning assigned to that term in subsection 2.1A(iii). 

“Registers” has the meaning assigned to that term in subsection 2.1D. 

“Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System, as in
effect from time to time. 
 “Reimbursement Date” has the meaning assigned to that term in
subsection 3.3B. 
 “Related Parties” has the meaning assigned to that term in
subsection 11.1. 

  
 26 

 “Release” means any release, spill, emission, leaking,
pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping, leaching or migration of Hazardous Materials into the indoor or outdoor environment (including, without limitation, the abandonment or disposal of any barrels,
containers or other closed receptacles containing any Hazardous Materials), including the movement of any Hazardous Material through the air, soil, surface water, groundwater or property. 

“Requisite Lenders” means Lenders having or holding more than 50% of the aggregate Domestic Loan
Exposure and Canadian Loan Exposure of all Lenders; provided that the Domestic Loan Exposure and Canadian Loan Exposure of any Defaulting Lender shall be excluded for purposes of making a determination of Requisite Lenders, as further
provided in subsection 13.6 hereof. 
 “Schedule I Lender” means any Canadian Lender that is a
bank referred to in Schedule I to the Bank Act (Canada), S.C. 1991, c.46, as amended. 
 “Schedule I
Reference Banks” means CIBC and Toronto-Dominion Bank. 
 “Schedule II/Schedule III
Lender” means any Canadian Lender that is not a Schedule I Lender. 
 “Schedule II/Schedule III
Reference Banks” means Deutsche Bank Canada and any other Canadian Lender designated by Canadian Administrative Agent and Canadian Borrower as a Schedule II/Schedule III Reference Bank. 

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

“Securities Act” means the Securities Act of 1933, as amended from time to time, and any successor
statute. 
 “Settlement Service” has the meaning assigned to that term in subsection 13.1B(i).

 “Solvent” means, with respect to any Person, that as of the date of determination,
(i) the then fair saleable value of the property of such Person is (a) greater than the total amount of liabilities (including reasonably anticipated liabilities with respect to contingent obligations) of such Person and (b) greater
than the amount that will be required to pay the probable liabilities on such Person’s then existing debts as they become absolute and matured considering all financing alternatives and potential asset sales reasonably available to such Person,
and (ii) such person has not incurred and does not intend to incur, or does not believe that it will incur, debts beyond its ability to pay such debts as they become due. 

“S&P” means Standard & Poors Ratings Services, a division of The McGraw-Hill Companies,
Inc. 
 “SPV” has the meaning assigned to that term in subsection 13.1. 

  
 27 

 “Standby Letter of Credit” means any standby letter of
credit or similar instrument issued for the purpose of supporting (i) Indebtedness incurred by any joint venture to which Company or any of its Subsidiaries is a party for working capital and general business purposes, (ii) obligations of
Company or any of its Subsidiaries with respect to capital calls or similar requirements in respect of joint ventures to which Company or such Subsidiary is a party, (iii) workers’ compensation liabilities and directors and officers
insurance of Company or any of its Subsidiaries, (iv) the obligations of third party insurers of Company or any of its Subsidiaries arising by virtue of the laws of any jurisdiction requiring third party insurers, (v) Indebtedness of
Company or any of its Subsidiaries or Casa Ley in respect of industrial revenue or development bonds or financings, (vi) obligations with respect to capital or operating leases, (vii) performance, payment, deposit or surety obligations of
Company or any of its Subsidiaries, in any case if required by law or governmental rule or regulation or in accordance with custom and practice in the industry, (viii) the performance of obligations of Company and its Subsidiaries incurred in
connection with the sale of any asset of Company or any of its Subsidiaries, (ix) the payment of trade payables of Company or any of its Subsidiaries which payables are incurred on terms customary in the industry, (x) indebtedness (other
than Subordinated Indebtedness) which was previously secured in whole or in part by assets which were but are no longer owned by Company and its Subsidiaries, (xi) the obligations of Company or any of its Subsidiaries with respect to any
judgments that are stayed pending appeal (including, any appeal bonds or other security required to obtain a stay pending appeal), or (xii) other obligations approved by the applicable Issuing Lender and Administrative Agent (acting
reasonably). 
 “Subordinated Indebtedness” means the Indebtedness of Company subordinated in
right of payment to the Obligations. 
 “Subsidiary” means, with respect to any Person, any
corporation, partnership, association, joint venture or other business entity of which more than 50% of the total voting power of shares of capital stock or other ownership interests entitled (without regard to the occurrence of any contingency) to
vote in the election of the Person or Persons (whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or
controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof. 
 “Subsidiary Borrower Guaranty” means the guaranty by Company of the Subsidiary Borrower Obligations set forth in Section 12. 

“Subsidiary Borrower Obligations” has the meaning assigned to that term in Section 12. 

“Swing Line Lenders” means, in respect of the Domestic Swing Line Loans, Bank of America, JPMorgan,
Deutsche Bank or any other Lender succeeding such Lender as a Swing Line Lender or any Affiliate of a Domestic Swing Line Lender designated by such Domestic Swing Line Lender, and in respect of the Canadian Swing Line Loans, Deutsche Bank Canada or
any other Lender succeeding such Lender as a Swing Line Lender or any Affiliate of a 

  
 28 

 
Canadian Swing Line Lender designated by such Canadian Swing Line Lender, and also means and includes any successor Swing Line Lender appointed pursuant to subsection 11.5B. 

“Swing Line Loans” means any Domestic Swing Line Loans, any Canadian Swing Lines Loans or any
combination thereof. 
 “Syndication Agents” has the meaning assigned to that term in the
introduction to this Agreement. 
 “Tax” or “Taxes” means any present or
future tax, levy, impost, duty, charge, fee, assessment, deduction, withholding or other similar charges of any nature imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Termination Date” means June 1, 2015; provided, however, that if such date is not a
Business Day, the next preceding Business Day. 
 “Toronto-Dominion Bank” means The
Toronto-Dominion Bank. 
 “Total Utilization of Canadian Commitments” means, (i) as to
Canadian Lenders at any date, the sum of (a) the aggregate principal amount of all outstanding Canadian Loans, with all Canadian Loans denominated in Canadian Dollars valued in Dollar Equivalents, plus (b) the aggregate Acceptance
Usage in respect to the Canadian Commitments; or (ii) as to any Canadian Lender at any date of determination, the sum of (x) the aggregate principal amount of all outstanding Canadian Loans (other than Canadian Swing Line Loans) made by
such Lender (and its U.S. Affiliate) with all such Loans denominated in Canadian Dollars valued in Dollar Equivalents plus (y) the Acceptance Usage of such Lender in respect to the Canadian Commitments, plus (z) the aggregate
principal amount of such Lender’s participations (if any) in Canadian Swing Line Loans with all such Loans denominated in Canadian Dollars valued in Dollar Equivalents. Unless the context otherwise requires, Total Utilization of Canadian
Commitments shall be calculated in accordance with clause (i) above. 
 “Total Utilization of
Domestic Commitments” means, (i) as to Domestic Lenders at any date, the sum of (a) the aggregate principal amount of all outstanding Domestic Loans plus (b) the Letter of Credit Usage or (ii) as to any Domestic
Lender at any date of determination, the sum of (x) the aggregate principal amount of all outstanding Domestic Loans (other than Domestic Swing Line Loans and Negotiated Rate Loans) made by such Lender plus (y) the Letter of Credit
Usage of such Lender plus (z) the aggregate principal amount of such Lender’s participations (if any) in Domestic Swing Line Loans. Unless the context otherwise requires, Total Utilization of Domestic Commitments shall be calculated
in accordance with clause (i) above. 
 “Triggering Event” has the meaning assigned to
that term in subsection 13.21. 
 “Unrestricted Cash” means, as at any date of determination,
the aggregate amount of cash and cash equivalents denominated in U.S. or Canadian Dollars (to the extent in any such case not classified as “restricted” for financial statement purposes) included on the most recent consolidated balance
sheet of the Company delivered pursuant to subsection 8.1, it being 

  
 29 

 
understood that any cash or cash equivalents that secure any Indebtedness (other than the Obligations) shall not be unrestricted for purposes of this definition. 

“Unrestricted Subsidiary” means any Subsidiary designated by Company as an Unrestricted Subsidiary in
accordance with the provisions of subsection 9.6. 
 “U.S. Affiliate” means, with respect to
any Canadian Lender domiciled in Canada, the Affiliate of such Canadian Lender that is resident in the United States of America for U.S. withholding tax purposes to which such Canadian Lender shall have assigned its obligation to fund Canadian/U.S.
Loans in accordance with the provisions of subsections 2.1A(ii) and subsection 13.1. 
 “U.S.
Bank” has the meaning assigned to that term in the introduction to this Agreement. 
 “US
Borrower” means a Borrower that is a resident for tax purposes in the United States of America. 

“U.S./Cdn.$” means Dollars or Canadian Dollars, as the case may be. 

“Wholly-Owned Subsidiary” means, with respect to any Person, any Subsidiary of such Person that is
directly or indirectly wholly-owned by such Person. 
  

	1.2	 Accounting Terms; Utilization of GAAP for Purposes of Calculations Under Agreement. 

Except as otherwise expressly provided in this Agreement, all accounting terms not otherwise defined herein shall have the
meanings assigned to them in conformity with GAAP. The financial statements to be furnished to the Lenders pursuant hereto shall be made and prepared in accordance with GAAP consistently applied throughout the periods involved (except as set forth
in the notes thereto or as otherwise disclosed in writing by Company to the Lenders); provided that, (a) except as otherwise specifically provided herein, all computations of the Pricing Margin, and all computations and all definitions
(including accounting terms) used in determining compliance with subsection 9.2 shall utilize GAAP and policies in conformity with those used to prepare the audited financial statements of Company referred to in subsection 8.1 for the Fiscal
Year ended January 1, 2011, and (b) notwithstanding anything to the contrary contained herein, all such financial statements shall be prepared, and all financial covenants contained herein or in any other Loan Document shall be calculated,
in each case, without giving effect to any election under FASB ASC 825 (or any similar accounting principle) permitting a Person to value its financial liabilities at the fair value thereof. 

 

	1.3	 Other Definitional Provisions. 

References to “Sections” and “subsections” shall be to Sections and subsections, respectively, of this
Agreement unless otherwise specifically provided. References to “applicable Administrative Agent” shall mean Domestic Administrative Agent to the extent such reference relates to the Domestic Lenders, Domestic Loans or the Domestic
Commitments, and to the Issuing Lenders or to the Letters of Credit or any related matters, as the case may be, and 

  
 30 

 
shall mean Canadian Administrative Agent to the extent such reference relates to the Canadian Lenders, Canadian Loans or the Canadian Commitments, and to the Acceptances or any related matters,
as the case may be. Any of the terms defined in subsection 1.1 may, unless the context otherwise requires, be used in the singular or the plural, depending on the reference. 

 

	Section 2.	AMOUNTS AND TERMS OF COMMITMENTS AND LOANS 

  

	2.1	 Commitments; Making of Loans; the Register; Notes. 

A. Commitments and Loans. Subject to the terms and conditions of this Agreement and in reliance upon the
representations and warranties of Borrowers herein set forth: 
 (i) Domestic Loans. Each
Domestic Lender severally agrees, subject to the limitations set forth below with respect to the maximum amount of Domestic Loans permitted to be outstanding from time to time, to lend to Company from time to time during the period from the Closing
Date to but excluding the Termination Date an aggregate amount not exceeding its Domestic Pro Rata Share of the aggregate amount of the Domestic Commitments to be used for the purposes identified in subsection 2.5A. The original amount of each
Domestic Lender’s Domestic Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate original amount of the Domestic Commitments is $1,250,000,000; provided that the Domestic Commitments of
Lenders shall be adjusted to give effect to any assignments of the Domestic Commitments pursuant to subsections 2.8 and 13.1B; and provided, further that the amount of the Domestic Commitments shall be reduced from time to time by the
amount of any reductions thereto made pursuant to subsection 2.4A(ii). Each Domestic Lender’s Domestic Commitment shall expire on the Termination Date and all Domestic Loans and all other amounts owed hereunder with respect to the Domestic
Loans and the Domestic Commitment of such Lender shall be paid in full no later than that date. Amounts borrowed under this subsection 2.1A(i) may be repaid and reborrowed to but excluding the Termination Date. 

Anything contained in this Agreement to the contrary notwithstanding, the Domestic Loans and the Domestic
Commitments shall be subject to the limitation that in no event shall the Total Utilization of Domestic Commitments at any time exceed the Domestic Commitments then in effect. All Domestic Loans shall be denominated and funded in Dollars.

 (ii) Canadian Loans. Each Canadian Lender severally agrees, subject to the limitations
set forth below with respect to the maximum amount of Canadian Loans permitted to be outstanding from time to time, to lend to Company and Canada Safeway from time to time during the period from the Closing Date to but excluding the Termination Date
an aggregate amount not exceeding its Canadian Pro Rata Share of the aggregate amount of the Canadian Commitments to be used for the purposes identified in subsection 2.5A. The original amount of each Canadian Lender’s Canadian Commitment is
set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate original amount of the Canadian Commitments is $250,000,000; provided that the Canadian Commitments of Lenders shall be adjusted to give effect to any
assignments of the 

  
 31 

 
Canadian Commitments pursuant to subsections 2.8 and 13.1B; and provided, further that the amount of the Canadian Commitments shall be reduced from time to time by the amount of any
reductions thereto made pursuant to subsection 2.4A(ii). Each Canadian Lender’s Canadian Commitment shall expire on the Termination Date and all Canadian Loans and all other amounts owed hereunder with respect to the Canadian Loans and the
Canadian Commitment of such Lender shall be paid in full no later than that date. Amounts borrowed under this subsection 2.1A(ii) may be repaid and reborrowed to but excluding the Termination Date. 

Upon receipt of a Notice of Borrowing from Company with respect to a Canadian/U.S. Loan, each Canadian
Lender that is not resident in the United States of America for U.S. withholding tax purposes, may, in accordance with the provisions of subsection 13.1, assign its obligations under this subsection 2.1A(ii) to fund such Canadian/U.S. Loan (together
with all of its outstanding Canadian/U.S. Loans) to a U.S. Affiliate. Notwithstanding any provisions of this Agreement to the contrary, no U.S. Affiliate shall be deemed to have a Canadian Commitment under this Agreement. For the purposes of
determining whether the Total Utilization of Canadian Commitments of any Canadian Lender exceeds its Canadian Commitments, the outstanding principal amount of its U.S. Affiliate’s Canadian/U.S. Loans shall be considered to be outstanding from
such Canadian Lender hereunder. 
 Anything contained in this Agreement to the contrary
notwithstanding, the Canadian Loans and the Canadian Commitments shall be subject to the limitation that in no event shall the Total Utilization of Canadian Commitments at any time exceed the Canadian Commitments then in effect. Canadian Loans
advanced to Canada Safeway may, at Canada Safeway’s option, be denominated and funded in Dollars or Canadian Dollars; Canadian Loans advanced to Company (otherwise referred to herein as “Canadian/U.S. Loans”) shall be denominated and
funded in Dollars only. 
 (iii) Swing Line Commitments and Swing Line Loans. Subject to
the terms and conditions of this Agreement and in reliance upon the representations and warranties of Borrowers set forth herein, each Swing Line Lender in respect of the Domestic Swing Line Loans, severally agrees, from time to time during the
period from the Closing Date through but excluding the Termination Date, to make a portion of the Domestic Commitments available to Company in an aggregate amount not exceeding its Domestic Swing Line Pro Rata Share of $150,000,000 by making Swing
Line Loans denominated in Dollars to Company (“Domestic Swing Line Loans”), notwithstanding the fact that such Domestic Swing Line Loans, when aggregated with the Total Utilization of Domestic Commitments of such Swing Line Lender,
may exceed such Swing Line Lender’s Domestic Commitment. The Swing Line Lender in respect of the Canadian Swing Line Loans agrees, from time to time during the period from the Closing Date through but excluding the Termination Date, to make a
portion of the Canadian Commitments available to Canada Safeway in an aggregate principal amount not exceeding $25,000,000 by making Swing Line Loans, denominated in Canadian Dollars or Dollars, to Canada Safeway (“Canadian Swing Line
Loans”), notwithstanding the fact that such Canadian Swing Line Loans, when aggregated with the Total Utilization of Canadian Commitments of such Swing Line Lender, may exceed such Swing Line

  
 32 

 
Lender’s Canadian Commitment. The commitment of each Swing Line Lender in respect of Domestic Swing Line Loans to make Domestic Swing Line Loans pursuant to this subsection 2.1A(iii) is
hereby called its “Domestic Swing Line Commitment,” and the commitment of the Swing Line Lender in respect of Canadian Swing Line Loans to make Canadian Swing Line Loans pursuant to this subsection 2.1A(iii) is hereby called its
“Canadian Swing Line Commitment.” The original amount of the Domestic Swing Line Commitment of each Swing Line Lender in respect of the Domestic Swing Line Loans is set forth opposite its name on Schedule 2.1 annexed hereto
and the aggregate original amount of the Domestic Swing Line Commitments is $150,000,000; provided that the amount of the Domestic Swing Line Commitments shall be reduced from time to time by the amount of any reductions thereto made pursuant
to subsection 2.4A(ii). The original amount of the Canadian Swing Line Commitment of the Swing Line Lender in respect of the Canadian Swing Line Loans is $25,000,000; provided that the amount of the Canadian Swing Line Commitment shall be
reduced from time to time by the amount of any reductions thereto made pursuant to subsection 2.4A(ii). In no event shall the aggregate principal amount of Domestic Swing Line Loans outstanding at any time exceed the Domestic Swing Line Commitments
nor shall the aggregate principal amount of Canadian Swing Line Loans outstanding at any time exceed the Canadian Swing Line Commitments (with all Canadian Swing Line Loans denominated in Canadian Dollars valued in Dollar Equivalents), and in no
event shall the Total Utilization of Domestic Commitments at any time exceed the Domestic Commitments then in effect nor shall the Total Utilization of Canadian Commitments at any time exceed the Canadian Commitments then in effect. In no event
shall the Domestic Swing Line Commitments exceed the Domestic Commitments nor shall the Canadian Swing Line Commitments exceed the Canadian Commitments, and any voluntary reduction of the Domestic Commitments or Canadian Commitments made pursuant to
subsection 2.4A which reduces the Domestic Commitments or Canadian Commitments below the then current amount of the Domestic Swing Line Commitments or the Canadian Swing Line Commitments, respectively, shall result in an automatic corresponding
reduction of the Domestic Swing Line Commitments or the Canadian Swing Line Commitments, respectively, to the amount of the Domestic Commitments or the Canadian Commitments, respectively, as so reduced, without any further action on the part of any
Swing Line Lender. 
 Each Swing Line Lender making any Swing Line Loans shall, prior to or
concurrently with the making thereof, provide the applicable Administrative Agent with written notice of the amount and Funding Date, and the applicable Borrower and Lenders will, from time to time, furnish such information to the applicable
Administrative Agent as such Administrative Agent may request relating to the making of Swing Line Loans, including, without limitation, confirmation of amounts and Funding Dates (and, upon the occurrence and during the continuance of any Potential
Event of Default or Event of Default, applicable interest rates), for the purpose of determining the Total Utilization of Domestic Commitments or the Total Utilization of Canadian Commitments, as applicable, and the allocation of amounts received
from the applicable Borrower for payment of all amounts owing hereunder. 

  
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 The Domestic Swing Line Commitments and Canadian Swing Line
Commitments shall expire on the Termination Date and all Swing Line Loans of each Swing Line Lender shall be paid in full no later than that date. 

Amounts borrowed under this subsection 2.1A(iii) may be repaid and, through but excluding the Termination
Date, reborrowed. All Swing Line Loans shall bear interest as provided in subsection 2.2A(vi). Swing Line Loans made on any Funding Date shall be in an aggregate minimum amount of U.S./Cdn. $1,000,000 and integral multiples of U.S/Cdn.$500,000 in
excess of that amount. 
 Each Swing Line Lender, at any time in its sole and absolute discretion
may, and on the fifth Business Day after the making of a Swing Line Loan which has not been voluntarily prepaid by the applicable Borrower pursuant to subsection 2.4A(i) shall, on one Business Day’s notice to the applicable Administrative
Agent, as the case may be, require each Domestic Lender or Canadian Lender (including, in either case, Swing Line Lenders), as the case may be, and each Lender hereby agrees, subject to this subsection 2.1A(iii), to make a Domestic Loan or Canadian
Loan, as the case may be (which shall initially bear interest at the applicable Deemed Floating Rate), in an amount equal to such Lender’s Domestic Pro Rata Share or Canadian Pro Rata Share of the amount of the Domestic Swing Line Loans or
Canadian Swing Line Loans, respectively (“Refunded Domestic Swing Line Loans” and “Refunded Canadian Swing Line Loans,” respectively) outstanding on the date notice is given by such Swing Line Lender;
provided, however, that, any provision of subsection 2.1C(iii) or any other subsection of this Agreement to the contrary notwithstanding, the obligation of each Lender to make any such Loan is subject to the condition that (i) such Swing
Line Lender believed in good faith that all conditions under subsection 6.2 to the making of such Refunded Domestic Swing Line Loan or Refunded Canadian Swing Line Loan were satisfied at the time such Swing Line Loan was made or (ii) the
satisfaction of any such condition not satisfied had been waived by Requisite Lenders prior to or at the time such Swing Line Loan was made. Promptly after the receipt by the applicable Administrative Agent of the notice from a Swing Line Lender
pursuant to the preceding sentence, such Administrative Agent shall notify each Lender required to make Refunded Domestic Swing Line Loans of the amount of its respective Domestic Pro Rata Share of Refunded Domestic Swing Line Loans or Canadian Pro
Rata Share of Refunded Canadian Swing Line Loans, as the case may be, to be advanced pursuant to the preceding sentence. In the event that Loans are made by Lenders other than Swing Line Lenders under this paragraph, each such Lender shall make the
amount of its Loan available to such Administrative Agent, in same day funds and the applicable currency (whether Dollars or Canadian Dollars), at the Domestic Funding and Payment Office (in the case of Refunded Domestic Swing Line Loans) or the
Canadian Funding and Payment Office (in the case of Refunded Canadian Swing Line Loans), in either case not later than 1:00 p.m. (Toronto time) on the Business Day next succeeding the date such notice is given. The proceeds of such Loans shall be
immediately delivered to such Swing Line Lender (and not to any Borrower) and applied to repay the Refunded Domestic Swing Line Loans or Refunded Canadian Swing Line Loans, as applicable. On the day such Loans are made, the applicable Swing Line
Lender’s Domestic Pro Rata Share or Canadian Pro Rata Share of the Refunded Domestic Swing Line Loans or Refunded Canadian Swing Line Loans, respectively, shall 

  
 34 

 
be deemed to be paid with the proceeds of a Loan made by such Swing Line Lender bearing interest at the applicable Deemed Floating Rate and such portion of the Swing Line Loans deemed to be so
paid shall no longer be outstanding as Swing Line Loans. 
 Company and Canada Safeway authorizes
each Administrative Agent to charge Company’s accounts with Domestic Administrative Agent, in the case of any Refunded Domestic Swing Line Loan, and Canada Safeway’s accounts with Canadian Administrative Agent, in the case of any Refunded
Canadian Swing Line Loans (in each case up to the amount available in each such account) in order to immediately pay the Swing Line Lenders the amount of any Refunded Domestic Swing Line Loans or Refunded Canadian Swing Lines Loans, as the case may
be, to the extent amounts received from Lenders, including amounts deemed to be received from Swing Line Lenders, are not sufficient to repay in full such Refunded Domestic Swing Line Loans or Refunded Canadian Swing Line Loans. If any portion of
any such amount paid (or deemed to be paid) to any Swing Line Lender should be recovered by or on behalf of Company or Canada Safeway from such Swing Line Lender in bankruptcy, by assignment for the benefit of creditors or otherwise, the loss of the
amount so recovered shall be ratably shared among Domestic Lenders or Canadian Lenders, as the case may be, in the manner contemplated by subsection 13.5. Nothing in this Agreement shall prejudice the rights of any Lender sharing such loss as
against any Lender causing such loss through its failure to make a Loan pursuant to this subsection to refund any Swing Line Loan. Subject to the proviso contained in the first sentence of the fourth paragraph of this subsection 2.1A(iii), each
Lender’s obligation to make the Loans referred to in this paragraph shall be absolute and unconditional and shall not be affected by any circumstance, including, without limitation, (i) any set-off, counterclaim, recoupment, defense or
other right which such Lender may have against any Swing Line Lender, any Borrower or any other Person for any reason whatsoever; (ii) the occurrence or continuance of an Event of Default or a Potential Event of Default; (iii) any adverse
change in the condition (financial or otherwise) of any Borrower; (iv) any breach of this Agreement by any Borrower or any other Lender; (v) the acceleration or maturity of any Loans or the termination of the Domestic Commitments after the
making of any Domestic Swing Line Loan or the termination of the Canadian Commitments after the making of any Canadian Swing Line Loan; or (vi) any other circumstance, happening or event whatsoever, whether or not similar to any of the
foregoing. 
 In the event that any Borrower or any of their Subsidiaries has filed for or
becomes subject to protection under the Bankruptcy Code, or in the case of any Subsidiary of Company organized under the laws of Canada or any Province, any bankruptcy, insolvency or similar laws of Canada or its Provinces or otherwise if any Swing
Line Lender requests and, in any event, subject to satisfaction of the conditions set forth in the proviso to the first sentence of the fourth paragraph of this subsection 2.1A(iii), each Lender shall acquire without recourse or warranty an
undivided participation interest equal to such Lender’s Domestic Pro Rata Share or Canadian Pro Rata Share of any Domestic Swing Line Loan or Canadian Swing Line Loan, respectively, otherwise required to be repaid by such Lender pursuant to the
preceding paragraph by paying to Swing Line Lender on the date on which such Lender would otherwise have been required to make a Loan in respect of such Domestic Swing Line 

  
 35 

 
Loan or Canadian Swing Line Loan, as the case may be, pursuant to the preceding paragraph, in immediately available funds and the applicable currency (whether Dollars or Canadian Dollars), an
amount equal to such Lender’s Domestic Pro Rata Share or Canadian Pro Rata Share, as the case may be, of such Domestic Swing Line Loan or Canadian Swing Line Loan, as the case may be, and no Loans shall be made by such Lender pursuant to the
fourth paragraph of this subsection 2.1A(iii). If any such amount is not in fact made available to the applicable Swing Line Lender by that Lender on the date when Loans would otherwise be required to be made pursuant to the preceding paragraph,
such Swing Line Lenders shall be entitled to recover such amount on demand from that Lender together with interest accrued from such date at the customary rate set by such Swing Line Lender for the correction of errors among banks for three
(3) Business Days and thereafter at the applicable Deemed Floating Rate. From and after the date on which any Lender purchases an undivided participation interest in a Swing Line Loan pursuant to this paragraph, the applicable Swing Line Lender
shall promptly distribute to such Lender such Lender’s Domestic Pro Rata Share or Canadian Pro Rata Share, as applicable, of all payments of principal and interest in respect of such Swing Line Loan. 

A copy of each notice given by an Administrative Agent to Lenders pursuant to the fourth paragraph of this
subsection 2.1A(iii) shall be promptly delivered by such Administrative Agent to the applicable Borrower. Upon the making of a Loan by any Lender pursuant to this subsection 2.1A(iii), the applicable Administrative Agent shall make such entries in
the Register, and Lenders shall make such entries in their respective internal records, as appropriate in accordance with subsection 2.1D to reflect the funding of such Loan and the associated repayment of any Refunded Domestic Swing Line Loan or
Refunded Canadian Swing Line Loan. 
 Notwithstanding anything herein to the contrary, no Swing
Line Lender shall be obligated to make any Swing Line Loans upon the occurrence and during the continuation of a Potential Event of Default or Event of Default. 

(iv) Negotiated Rate Loans. Subject to the terms and conditions of this Agreement and in reliance
upon the representations and warranties of Company set forth herein, Domestic Lenders agree that, from time to time during the period from and including the Closing Date to but excluding the Termination Date, Company may request one or more Domestic
Lenders, in the sole discretion of each, to make one or more Domestic Loans to Company on a non-pro rata basis, each such Loan to remain outstanding for at least one day and to mature no later than 180 days after the making thereof or if earlier,
the Termination Date and to bear interest at such rate as shall be agreed to by Company and the applicable Domestic Lender (each such Loan, a “Negotiated Rate Loan”); provided that in no event shall (x) the aggregate
principal amount of Negotiated Rate Loans outstanding at any time exceed $500,000,000 or (y) the Total Utilization of Domestic Commitments exceed the Domestic Commitments then in effect. All Negotiated Rate Loans shall be in such minimum
amounts as may be mutually agreed upon by the applicable Domestic Lender and Company. Company and Domestic Lenders acknowledge that (A) subject to the proviso in the first sentence of this paragraph, notwithstanding the Domestic Commitment of
any Domestic Lender, each 

  
 36 

 
such Domestic Lender may, but shall not be obligated to, make Negotiated Rate Loans as of any date in an aggregate amount that would not cause the Total Utilization of Domestic Commitments to
exceed the Domestic Commitments then in effect (and each Domestic Lender may rely on the information provided by Company in the Notice of Borrowing, absent any actual knowledge to the contrary); and (B) Negotiated Rate Loans need not be made in
accordance with Lenders’ Domestic Pro Rata Shares. 
 Each Lender making any Negotiated Rate
Loan shall, prior to or concurrently with the making thereof, provide Domestic Administrative Agent with written notice of the amount, Funding Date and maturity date of such Negotiated Rate Loan, and Company and Lenders will, from time to time,
furnish such information to Domestic Administrative Agent as Domestic Administrative Agent may request relating to the making of Negotiated Rates Loans, including, without limitation, confirmation of amounts, Funding Dates and maturities (and, upon
the occurrence and during the continuance of any Potential Event of Default or Event of Default, applicable interest rates), for the purpose of determining the Total Utilization of Domestic Commitments and the allocation of amounts received from
Company for payment of all amounts owing hereunder. 
  

	 	B.	 Borrowing Mechanics. 

(i) Domestic Loans. Domestic Loans made on any Funding Date (other than Swing Line Loans, Domestic
Loans made pursuant to subsection 2.1A(iii) for the purpose of refunding Swing Line Loans, Negotiated Rate Loans and Domestic Loans made pursuant to subsection 3.3B for the purpose of reimbursing any Issuing Lender for the amount of a drawing under
a Letter of Credit issued by it) shall be in an aggregate minimum amount of $50,000,000 and integral multiples of $10,000,000 in excess of that amount. Domestic Swing Line Loans made on any Funding Date shall be in a minimum amount of $1,000,000 and
integral multiples of $500,000 in excess of that amount. Whenever Company desires that Domestic Lenders make Domestic Loans or that any Swing Line Lender make Domestic Swing Line Loans, it shall deliver to Domestic Administrative Agent a Notice of
Borrowing no later than (x) 12:00 noon (New York time) in the case of Domestic Loans other than Domestic Swing Line Loans or (y) 2:00 p.m. (New York time) in the case of Domestic Swing Line Loans, in each case at least three
(3) Business Days in advance of the proposed Funding Date in the case of a Domestic Eurodollar Rate Loan, on the proposed Funding Date in the case of a Domestic Base Rate Loan or a Domestic Swing Line Loan or such advance notice, including same
day notice, as may be agreed between Company and the applicable Domestic Lender in the case of a Negotiated Rate Loan. The Notice of Borrowing shall specify (i) the proposed Borrower, (ii) the proposed Funding Date (which shall be a
Business Day), (iii) the amount of Loans requested, (iv) whether such Loans are to be Domestic Swing Line Loans, Negotiated Rate Loans, Domestic Base Rate Loans or Domestic Eurodollar Rate Loans (it being agreed and understood that
Domestic Eurodollar Rate Loans may not be borrowed before the date three (3) Business Days after the Closing Date), (v) that, after giving effect to such requested Loans, the Total Utilization of Domestic Commitments will not exceed the
Domestic Commitments and, if applicable, that the aggregate outstanding principal amount of Domestic Swing Line Loans will not exceed the Domestic Swing Line Commitments or that the aggregate outstanding principal

  
 37 

 
amount of Negotiated Rate Loans will not exceed $500,000,000, (vi) in the case of any Loans requested to be made as Domestic Eurodollar Rate Loans, the initial Interest Period requested
therefor, and (vii) in the case of any Negotiated Rate Loans, the proposed maturity date therefor. Domestic Loans (other than Domestic Swing Line Loans and Negotiated Rate Loans) may be continued as or converted into Domestic Base Rate Loans
and Domestic Eurodollar Rate Loans in the manner provided in subsection 2.2D. In lieu of delivering the above-described Notice of Borrowing, Company may give Domestic Administrative Agent telephonic notice by the required time of any proposed
borrowing under this subsection 2.1B; provided that such notice shall be promptly confirmed in writing by delivery of a Notice of Borrowing to Domestic Administrative Agent on or before the applicable Funding Date. 

(ii) Canadian Loans. Canadian Loans made on any Funding Date (other than Canadian Swing Line Loans,
Canadian Loans made pursuant to subsection 2.1A(iii) for the purpose of refunding Canadian Swing Line Loans, and Canadian Loans made pursuant to subsection 4.7 for the purpose of paying matured Acceptances) shall be in an aggregate minimum amount of
U.S./Cdn.$10,000,000 and integral multiples of U.S./Cdn.$1,000,000 in excess of that amount. Canadian Swing Line Loans made on any Funding Date shall be in a minimum amount of U.S./Cdn.$1,000,000 and integral multiples of U.S./Cdn.$500,000 in excess
of that amount. Whenever Company or Canada Safeway desires that Canadian Lenders make Canadian Loans or that the Swing Line Lenders make Canadian Swing Line Loans, it shall deliver to Canadian Administrative Agent a Notice of Borrowing no later than
(x) 12:00 noon (New York time) in the case of Canadian Loans other than Canadian Swing Line Loans or (y) 2:00 p.m. (New York time) in the case of Canadian Swing Line Loans, in each case at least ten (10) Business Days (or such shorter
period as may be agreed between Company and the applicable Canadian Lender) in advance of the proposed Funding Date in the case of any Canadian/U.S. Loan, at least three (3) Business Days in advance of the proposed Funding Date in the case of a
Canadian Eurodollar Rate Loan, or on the proposed Funding Date in the case of a Canadian Base Rate Loan, Canadian Prime Rate Loan or Canadian Swing Line Loan. The Notice of Borrowing shall specify (i) the proposed Borrower, (ii) the
proposed Funding Date (which shall be a Business Day), (iii) the amount of Loans requested, (iv) whether such Loans are requested to be denominated in Dollars or Canadian Dollars (it being understood that Company may request Loans
denominated in Dollars only), (v) whether such Loans are to be Canadian Swing Line Loans, Canadian Base Rate Loans, Canadian Prime Rate Loans, Canadian Eurodollar Rate Loans, Canadian/U.S. Eurodollar Rate Loans or Canadian/U.S. Base Rate Loans
(it being agreed and understood that Fixed Rate Loans may not be borrowed before the date three (3) Business Days after the Closing Date), (vi) that, after giving effect to the requested Loans, the Total Utilization of Canadian Commitments
will not exceed the Canadian Commitments then in effect and, if applicable, that the aggregate outstanding principal amount of the Canadian Swing Line Loans will not exceed the Canadian Swing Line Commitments, and (vii) in the case of any Loans
requested to be made as Fixed Rate Loans, the initial Interest Period requested therefor. Canadian/U.S. Loans may be continued as or converted into Canadian/U.S. Base Rate Loans and Canadian/U.S. Eurodollar Rate Loans and Canadian Loans (other than
Canadian/U.S. Loans and Canadian Swing Line Loans) denominated in Dollars may be continued as or converted 

  
 38 

 
into Canadian Base Rate Loans or Canadian Eurodollar Rate Loans in the manner provided in subsection 2.2D. In lieu of delivering the above-described Notice of Borrowing, Company or Canada Safeway
may give Canadian Administrative Agent telephonic notice by the required time of any proposed borrowing under this subsection 2.1B; provided that such notice shall be promptly confirmed in writing by delivery of a Notice of Borrowing to
Canadian Administrative Agent on or before the applicable Funding Date. 
 (iii) General
Provisions Relating to Borrowing. No Administrative Agent or any Lender shall incur any liability to any Borrower in acting upon any telephonic notice referred to above that any Administrative Agent believes in good faith to have been given by a
duly authorized officer or other person authorized to borrow on behalf of a Borrower or for otherwise acting in good faith under this subsection 2.1B, and upon funding of Loans by Lenders in accordance with this Agreement pursuant to any such
telephonic notice, the applicable Borrower shall have effected Loans hereunder. 
 Each Borrower submitting any
Notice of Borrowing shall notify the Administrative Agents prior to the funding of any Loans thereby requested in the event that any of the matters to which such Borrower is required to certify in the applicable Notice of Borrowing is no longer true
and correct as of the applicable Funding Date, and the acceptance by any Borrower of the proceeds of any Loans shall constitute a re-certification by such Borrower, as of the applicable Funding Date, as to the matters to which such Borrower is
required to certify in the applicable Notice of Borrowing. 
 Except as otherwise provided in subsections 2.6B,
2.6C and 2.6G, a Notice of Borrowing for a Fixed Rate Loan (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate Determination Date, and the applicable Borrower shall be bound to make a borrowing in
accordance therewith. 
  

	 	C.	 Disbursement of Funds. 

(i) Funding Domestic Loans Other Than Swing Line Loans and Negotiated Rate Loans. All Domestic
Loans (other than Swing Line Loans and Negotiated Rate Loans) under this Agreement shall be made by Domestic Lenders simultaneously and proportionately to their respective Domestic Pro Rata Shares. Promptly after receipt by Domestic Administrative
Agent of a Notice of Borrowing pursuant to subsection 2.1B (or telephonic notice in lieu thereof) requesting a Domestic Loan (other than a Swing Line Loan or a Negotiated Rate Loan), Domestic Administrative Agent shall notify each Domestic Lender of
the proposed borrowing. Each Domestic Lender shall make the amount of its Loan available to Domestic Administrative Agent, in Dollars and same day funds, at the Domestic Funding and Payment Office not later than 12:00 noon (or in the case of
Domestic Base Rate Loans, 2:00 p.m.) (New York time) on the applicable Funding Date. 
 (ii)
Funding Canadian Loans Other Than Canadian Swing Line Loans. All Canadian Loans (other than Swing Line Loans) under this Agreement shall be made by Canadian Lenders (including, in the case of Canadian/U.S. Loans, U.S. Affiliates, as

  
 39 

 
applicable) simultaneously and proportionately to their respective Canadian Pro Rata Shares. Promptly after receipt by Canadian Administrative Agent of a Notice of Borrowing pursuant to
subsection 2.1B (or telephonic notice in lieu thereof) requesting a Canadian Loan (other than a Swing Line Loan), Canadian Administrative Agent shall notify each Canadian Lender of the proposed borrowing. Each Canadian Lender shall make the amount
of its Loan available to Canadian Administrative Agent, in same day funds in the currency specified in the applicable Notice of Borrowing, whether Dollars or Canadian Dollars, at the Domestic Funding and Payment Office (in the case of any
Canadian/U.S. Loans) or the Canadian Funding and Payment Office (in the case of any Canadian Loans other than Canadian/U.S. Loans), not later than 12:00 p.m. (Toronto time) on the applicable Funding Date. 

(iii) Disbursement of Loan Proceeds by Administrative Agents. Except as provided in subsection
2.1A(iii) with respect to Loans advanced to refund Swing Line Loans and in subsection 3.3B with respect to Domestic Loans used to reimburse any Issuing Lender for the amount of a drawing under a Letter of Credit issued by it, upon satisfaction or
waiver of the conditions precedent specified in subsections 6.1 (in the case of Loans made on the Closing Date) and 6.2 (in the case of all Loans), each applicable Administrative Agent shall make the proceeds of such Loans available to the
applicable Borrower on the applicable Funding Date by causing an amount of same day funds in Dollars or Canadian Dollars, as the case may be, equal to the proceeds of all such Loans received by such Administrative Agent from Lenders to be credited
to an account of the applicable Borrower at the Domestic Funding and Payment Office or Canadian Funding and Payment Office or to be wired to such account with another financial institution as such Borrower may specify in writing to such
Administrative Agent, as applicable. 
 (iv) Administrative Agents May Advance Funds; Failure
of Lender to Fund Loan. Except with respect to Negotiated Rate Loans, unless the applicable Administrative Agent shall have been notified by any Lender prior to the Funding Date for any Loans (or in the case of Domestic Base Rate Loans or
Domestic Swing Line Loans, prior to 9:00 a.m. (New York time) on the Funding Date) to be funded by such Lender that such Lender does not intend to make available to the applicable Administrative Agent the amount of such Lender’s Loan requested
on such Funding Date, each Administrative Agent may assume that such Lender has made such amount available to such Administrative Agent on such Funding Date and such Administrative Agent may, in its sole discretion, but shall not be obligated to,
make available to the applicable Borrower a corresponding amount on such Funding Date. If such corresponding amount is not in fact made available to the applicable Administrative Agent by such Lender, such Administrative Agent shall be entitled to
recover such corresponding amount on demand from such Lender together with interest thereon, for each day from such Funding Date until the date such amount is paid to such Administrative Agent, at the customary rate set by such Administrative Agent
for the correction of errors among banks in the relevant currency for three (3) Business Days and thereafter at the applicable Deemed Floating Rate. If such Lender does not pay such corresponding amount forthwith upon the applicable
Administrative Agent’s demand therefor, such Administrative Agent shall promptly notify the applicable Borrower and such Borrower shall immediately pay such corresponding amount to such Administrative

  
 40 

 
Agent together with interest thereon, for each day from such Funding Date until the date such amount is paid to such Administrative Agent, at the applicable Deemed Floating Rate. Nothing in this
subsection 2.1C shall be deemed to relieve any Lender from its obligation to fulfill its Domestic Commitment or Canadian Commitment hereunder or to prejudice any rights that any Borrower may have against any Lender as a result of any default by such
Lender hereunder. 
 No Lender shall be responsible for any default by any other Lender in that other
Lender’s obligation to make a Loan requested hereunder nor shall the Domestic Commitment, Canadian Commitment, Domestic Swing Line Commitment or Canadian Swing Line Commitment of any Lender be increased or decreased as a result of a default by
any other Lender in that other Lender’s obligation to make a Loan requested hereunder. 

(v) Funding Swing Line Loans or Negotiated Rate Loans; Disbursement of Proceeds. Promptly after
receipt by the applicable Administrative Agent of a Notice of Borrowing pursuant to subsection 2.1B (or telephonic notice in lieu thereof) requesting a Swing Line Loan or a Negotiated Rate Loan, such Administrative Agent shall forward a copy of such
notice to the Swing Line Lenders or the applicable Lender(s) specified therein. Upon satisfaction or waiver of the conditions precedent specified in subsections 6.1 (in the case of Loans made on the Closing Date) and 6.2 (in the case of all Loans),
the applicable Swing Line Lender shall make the proceeds of any Swing Line Loans to be made by a Swing Line Lender available to the applicable Borrower on the applicable Funding Date by causing an amount equal to the proceeds of such Swing Line
Loan, in same day funds and in Dollars or Canadian Dollars, as the case may be, to be credited to such account of the applicable Borrower as may be agreed to by the applicable Borrower and Swing Line Lender. Upon satisfaction or waiver of the
conditions precedent specified in subsections 6.1 (in the case of Loans made on the Closing Date) and 6.2 (in the case of all Loans), the Lender in respect of a Negotiated Rate Loan shall make the proceeds of any Negotiated Rate Loan available to
Company on the applicable Funding Date by causing an amount equal to the proceeds of such Loan, in same day funds and in Dollars to be credited to such account of the applicable Borrower as may be agreed to by Company and Lender. 

 

	 	D.	 The Registers. 

 (i) Domestic Administrative Agent shall maintain, at its address referred to in subsection 13.8, a register for the recordation of the names and addresses of Lenders, the Domestic Commitment and Loans of
each Domestic Lender, and the Domestic Swing Line Commitment and Swing Line Loans of each Domestic Swing Line Lender from time to time (the “Domestic Register”). The Domestic Register shall be available for inspection by
Company or any Domestic Lender (but only as to such Domestic Lender’s entry in the Domestic Register) at any reasonable time and from time to time upon reasonable prior notice. Canadian Administrative Agent shall maintain, at its address
referred to in subsection 13.8, a register for the recordation of the names and addresses of Lenders, the Canadian Commitment and Loans of each Canadian Lender, and the Canadian Swing Line Commitment and Swing Line Loans of each Canadian Swing
Line Lender from time to time (the “Canadian Register”, and together with the Domestic 

  
 41 

 
Register, the “Registers”). The Canadian Register shall be available for inspection by any Borrower or any Canadian Lender (but only as to such Canadian Lender’s
entry in the Canadian Register) at any reasonable time and from time to time upon reasonable prior notice. 
 (ii) Domestic Administrative Agent shall record in the Domestic Register the Domestic Commitment and the Loans (including the principal amounts thereof and interest owing thereon) from time to time of
each Domestic Lender and the Domestic Swing Line Commitment of each Domestic Swing Line Lender and each repayment or prepayment in respect of the principal amount and interest of the Loans of each Domestic Lender. Canadian Administrative Agent shall
record in the Canadian Register the Canadian Commitment and the Loans (including the principal amounts thereof and interest owing thereon) from time to time of each Canadian Lender and the Canadian Swing Line Commitment of each Canadian Swing Line
Lender and each repayment or prepayment in respect of the principal amount and interest of the Loans of each Canadian Lender. Any such recordation shall be conclusive and binding on Borrowers and each Lender, absent manifest or demonstrable error;
provided that failure to make any such recordation, or any error in such recordation, shall not affect any Borrower’s Obligations in respect of the applicable Loans. 

(iii) Each Lender shall record on its internal records (including, without limitation, any Note held by
such Lender) the amount of each Loan made by it and each payment in respect thereof. Any such recordation shall be conclusive and binding on Borrowers and such Lender, absent manifest or demonstrable error; provided that failure to make any
such recordation, or any error in such recordation, shall not affect any Borrower’s Obligations in respect of the applicable Loans; and provided, further that in the event of any inconsistency between the Register and any
Lender’s records, the recordations in the Register shall govern. 
 (iv) Borrowers,
Administrative Agents and Lenders shall deem and treat the Persons listed as Lenders in the Domestic Register or Canadian Register, as the case may be, as the holders and owners of the corresponding Domestic Commitments, Canadian Commitments,
Domestic Swing Line Commitments, Canadian Swing Line Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Domestic Commitment, Canadian Commitment, Domestic Swing Line Commitment, Canadian Swing
Line Commitment or Loan shall be effective, in each case unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by the applicable Administrative Agent and recorded in the applicable Register as
provided in subsection 13.1B(ii). Prior to such recordation, all amounts owed with respect to the applicable Domestic Commitment, Canadian Commitment, Domestic Swing Line Commitment, Canadian Swing Line Commitment or Loan shall be owed to the Lender
listed in the applicable Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the applicable Register as a Lender shall be
conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Domestic Commitment, Canadian Commitment, Domestic Swing Line Commitment, Canadian Swing Line Commitment or Loan. 

  
 42 

 (v) Company hereby designates each Administrative Agent to
serve as its Agent solely for purposes of maintaining the applicable Register as provided in this subsection 2.1D, and Company hereby agrees that, to the extent each such Administrative Agent serves in such capacity, such Administrative Agent and
its officers, directors, employees, agents and affiliates shall constitute Indemnitees for all purposes under subsection 13.3. 
 E. Optional Notes. If so requested by any Lender by written notice to any Borrower (with a copy to the applicable Administrative Agent) at least two (2) Business Days prior to the Closing Date
or at any time thereafter, such Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to subsection 13.1) on the Closing Date (or, if
such notice is delivered after the Closing Date, promptly after such Borrower’s receipt of such notice) a promissory note to evidence such Lender’s Loans to such Borrower, substantially in the form of Exhibit IV-A annexed hereto, in
the case of Domestic Loans and Canadian/U.S. Loans advanced to Company or Exhibit IV-B annexed hereto, in the case of Canadian Loans advanced to Canada Safeway, in each case with appropriate insertions. 

Each Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes hereof unless
and until an Assignment Agreement effecting the assignment or transfer thereof shall have been accepted by such Administrative Agent as provided in subsection 13.1B(ii). Any request, authority or consent of any person or entity who, at the time of
making such request or giving such authority or consent, is the record holder of any Note shall be conclusive and binding on any subsequent holder, assignee or transferee of that Note or of any Note or Notes issued in exchange therefor. 

 

	2.2	 Interest on the Loans. 

 A. Rate of Interest. (i) Domestic Loans (other than Swing Line Loans or Negotiated Rate Loans) shall bear interest on the unpaid principal amount thereof from the date made through maturity
(whether by acceleration or otherwise) at a rate determined by reference to the Domestic Base Rate or the Adjusted Eurodollar Rate. Canadian Loans denominated in Canadian Dollars (other than Swing Line Loans) shall bear interest on the unpaid
principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Canadian Prime Rate; Canadian Loans made to Canada Safeway and denominated in Dollars (other than Swing Line
Loans) shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Canadian Base Rate or Adjusted Eurodollar Rate; Canadian/U.S. Loans
shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined by reference to the Domestic Base Rate or the Adjusted Eurodollar Rate. Domestic Swing Line
Loans shall bear interest at a rate determined by reference to the Domestic Base Rate; Canadian Swing Line Loans denominated in Dollars shall bear interest at a rate determined by reference to the Canadian Base Rate; and Canadian Swing Line Loans
denominated in Canadian Dollars shall bear interest at a rate determined by reference to the Canadian Prime Rate. The applicable basis for determining the rate of interest on Loans shall be selected by the applicable Borrower at the time such
Borrower submits a Notice of Borrowing pursuant to subsection 2.1B or a Notice of 

  
 43 

 
Conversion/Continuation is given pursuant to subsection 2.2D. If on any date a Loan is outstanding with respect to which notice has not been delivered to the applicable Administrative Agent in
accordance with the terms of this Agreement specifying the basis for determining the rate of interest, then for that day that Loan shall bear interest determined by reference to the applicable Deemed Floating Rate. 

(ii) Subject to the provisions of subsections 2.2E and 5.1, Domestic Loans (other than Domestic Swing Line
Loans or Negotiated Rate Loans) shall bear interest as follows: 
 (a) if a Domestic Base Rate
Loan, then at a rate per annum equal to the sum of the Domestic Base Rate plus the Pricing Margin; or 
 (b) if a Domestic Eurodollar Rate Loan, then at a rate per annum equal to the sum of the Adjusted Eurodollar Rate for the applicable Interest Period plus the Pricing Margin. 

(iii) Subject to the provisions of subsections 2.2E and 5.1, Canadian Loans (other than Canadian Swing
Line Loans) made to Canada Safeway and denominated in Dollars shall bear interest as follows: 

(a) if a Canadian Base Rate Loan, then at a rate per annum equal to the sum of Canadian Base Rate plus the
Pricing Margin; or 
 (b) if a Canadian Eurodollar Rate Loan, then at a rate per annum equal to
the sum of the Adjusted Eurodollar Rate for the applicable Interest Period plus the Pricing Margin. 
 (iv) Subject to the provisions of subsections 2.2E and 5.1, Canadian/U.S. Loans shall bear interest as follows: 

(a) if a Canadian/U.S. Base Rate Loan, then at a rate per annum equal to the sum of Domestic Base Rate
plus the Pricing Margin; or 
 (b) if a Canadian/U.S. Eurodollar Rate Loan in respect of the
Canadian Commitments, then at a rate per annum equal to the sum of the Adjusted Eurodollar Rate for the applicable Interest Period plus the Pricing Margin. 

(v) Subject to the provisions of subsections 2.2E and 5.1, Canadian Loans (other than Canadian Swing Line
Loans) denominated in Canadian Dollars shall bear interest at a rate per annum equal to the Canadian Prime Rate plus the Pricing Margin. 
 (vi) Subject to the provisions of subsections 2.2E and 5.1, Canadian Swing Line Loans denominated in Dollars shall bear interest at a rate per annum equal to the Canadian Base Rate plus the Pricing
Margin, as in effect from time to time; Canadian Swing Line Loans denominated in Canadian Dollars shall bear interest at a rate per annum equal to the Canadian Prime Rate plus the Pricing Margin, as in effect from time

  
 44 

 
to time; and Domestic Swing Line Loans shall bear interest at a rate per annum equal to the Domestic Base Rate plus the Pricing Margin, as in effect from time to time. 

(vii) Subject to the provisions of subsections 2.2E and 5.1, each Negotiated Rate Loan shall bear interest
at a per annum rate equal to the Negotiated Rate applicable thereto. 
 Notwithstanding the foregoing, if
Company fails to deliver a Pricing Level Determination Certificate when due pursuant to subsection 8.1(iv) or delivers an incorrect Pricing Level Determination Certificate and as the result thereof the amount of interest paid by the applicable
Borrower for any period is less than it would have been if a correct Pricing Level Determination Certificate had been timely delivered in accordance with the provisions of subsection 8.1(iv), the amount of interest payable on the next Quarterly
Payment Date following the delivery of a correct Pricing Level Determination Certificate (or the Termination Date if no Quarterly Payment Date will occur prior thereto) shall be increased by any additional amount of interest that would have accrued
during such period if the Pricing Level had been correctly and timely determined. 
 B. Interest Periods.
In connection with each Fixed Rate Loan, the applicable Borrower may, pursuant to the applicable Notice of Borrowing or Notice of Conversion/Continuation, as the case may be, select an interest period (each an “Interest Period”) to
be applicable to such Loan, which Interest Period shall be, at Company’s option, either a 14-day or one, two, three or six month period or, if permitted under clause (vii) of this subsection 2.2B, a nine or twelve month period;
provided that: 
 (i) the initial Interest Period for any Fixed Rate Loan shall commence
on the Funding Date in respect of such Loan, in the case of a Loan initially made as a Fixed Rate Loan, or on the date specified in the applicable Notice of Conversion/Continuation, in the case of a Loan converted to a Fixed Rate Loan; 

(ii) in the case of immediately successive Interest Periods applicable to a Fixed Rate Loan continued as
such pursuant to a Notice of Conversion/Continuation, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; 

(iii) if an Interest Period would otherwise expire on a day that is not a Business Day, such Interest
Period shall expire on the next succeeding Business Day; provided that, if any Interest Period would otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such
Interest Period shall expire on the next preceding Business Day; 
 (iv) any Interest Period that
begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall, subject to clause (v) of this subsection 2.2B and except in
the case of a 14-day Interest Period, end on the last Business Day of a calendar month; 

  
 45 

 (v) no Interest Period with respect to any portion of the
Loans shall extend beyond the Termination Date; 
 (vi) there shall be no more than 20 Interest
Periods outstanding at any time; provided that there shall be no more than 8 Interest Periods outstanding at any time with respect to the Canadian Loans in the aggregate; 

(vii) no Fixed Rate Loan shall have an Interest Period of nine or twelve months without the consent of the
Lenders; and 
 (viii) in the event the applicable Borrower fails to specify an Interest Period
for any Fixed Rate Loan in the applicable Notice of Borrowing or Notice of Conversion/Continuation, such Borrower shall be deemed to have selected an Interest Period of one month. 

C. Interest Payments; Payment Currency. Subject to the provisions of subsection 2.2E, interest on each Loan shall
be payable in arrears on and to each Interest Payment Date applicable to that Loan, upon any prepayment of that Loan (to the extent accrued on the amount being prepaid) and at maturity (including final maturity). Interest in respect of any Loan
denominated in Dollars shall accrue and be paid in Dollars; interest in respect to any Loan denominated in Canadian Dollars shall accrue and be paid in Canadian Dollars. 

D. Conversion or Continuation. Subject to the provisions of subsection 2.6, each Borrower shall have the option
(i) to continue all or any part of its outstanding Fixed Rate Loans in an amount equal to U.S./Cdn.$10,000,000 and integral multiples thereof or (ii) to convert all or any part of its outstanding Loans in an amount equal to
U.S./Cdn.$10,000,000 and integral multiples of U.S.$10,000,000 (in the case of Domestic Loans) or U.S./Cdn.$1,000,000 (in the case of Canadian Loans) in excess thereof from Loans bearing interest at a rate determined by reference to one basis to
Loans bearing interest at a rate determined by reference to an alternative basis provided (a) Domestic Loans may be continued as or converted into Domestic Base Rate Loans or Domestic Eurodollar Rate Loans only, Canadian Loans (other
than Canadian/U.S. Loans) denominated in Dollars may be continued as or converted into Canadian Eurodollar Rate Loans or Canadian Base Rate Loans only, Canadian/U.S. Loans, in respect of Canadian Commitments may be continued as or converted into
Canadian/U.S. Eurodollar Rate Loans or Canadian/U.S. Base Rate Loans only, in respect of Canadian Commitments, Canadian Loans denominated in Canadian Dollars may not be converted but shall at all times be Canadian Prime Rate Loans, Swing Line Loans
may not be converted but shall at all times bear interest as provided in subsection 2.2A(vi) and Negotiated Rate Loans may not be converted or continued but shall at all times bear interest at the applicable Negotiated Rate; (b) Floating Rate
Loans may be converted into Fixed Rate Loans at any time, and, subject to subsection 2.6D, Fixed Rate Loans may be converted or continued at any time; and (c) no Loan may be continued as or converted into a Fixed Rate Loan at any time that an
Event of Default has occurred and is continuing. 
 The applicable Borrower shall deliver a Notice of
Conversion/Continuation to the applicable Administrative Agent no later than 1:00 p.m. (New York time) at least one (1) Business Day in advance of the proposed conversion date in the case of a conversion to a

  
 46 

 
Floating Rate Loan and at least three (3) Business Days in advance of the proposed conversion/continuation date in the case of a conversion to, or a continuation of, a Fixed Rate Loan. A
Notice of Conversion/Continuation shall specify (i) Borrower, (ii) the proposed conversion/continuation date (which shall be a Business Day), (iii) the amount and type of the Loan to be converted/continued, (iv) the nature of the
proposed conversion/continuation, (v) in the case of a conversion to, or a continuation of, a Fixed Rate Loan, the requested Interest Period, and (vi) in the case of a conversion to, or a continuation of, a Fixed Rate Loan, that no Event
of Default has occurred and is continuing. In lieu of delivering the above-described Notice of Conversion/Continuation, the applicable Borrower may give the applicable Administrative Agent telephonic notice by the required time of any proposed
conversion/continuation under this subsection 2.2D; provided that such notice shall be promptly confirmed in writing by delivery of a Notice of Conversion/Continuation to the applicable Administrative Agent on or before the proposed
conversion/continuation date. 
 No Administrative Agent or any Lender shall incur any liability to any Borrower
in acting upon any telephonic notice referred to above that the applicable Administrative Agent believes in good faith to have been given by a duly authorized officer or other person authorized to act on behalf of a Borrower or for otherwise acting
in good faith under this subsection 2.2D, and upon conversion or continuation of the applicable basis for determining the interest rate with respect to any Loans in accordance with this Agreement pursuant to any such telephonic notice the applicable
Borrower shall have effected a conversion or continuation, as the case may be, hereunder. 
 Except as otherwise
provided in subsections 2.6B, 2.6C and 2.6G, a Notice of Conversion/Continuation for conversion to, or continuation of, a Fixed Rate Loan (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate
Determination Date, and each Borrower submitting any such Notice of Conversion/Continuation shall be bound to effect a conversion or continuation in accordance therewith unless such Borrower pays to Lenders such amounts as may be due under
subsection 2.6D for failure of a conversion to or continuation of any Fixed Rate Loan to occur on the date specified therefor in the Notice of Conversion/Continuation (or telephonic notice in lieu thereof). 

E. Post-Maturity Interest. Any principal payments on the Loans not paid when due and, to the extent permitted by
applicable law, any interest payments on the Loans not paid when due, in each case whether at stated maturity, by notice of prepayment, by acceleration or otherwise, shall thereafter bear interest (including post-petition interest in any proceeding
under the Bankruptcy Code or other applicable Insolvency Laws) payable on demand at a rate which is 2% per annum in excess of the interest rate otherwise payable under this Agreement with respect to the applicable Loans; provided that,
in the case of Fixed Rate Loans, upon the expiration of the Interest Period in effect at the time any such increase in interest rate is effective, such Fixed Rate Loans shall thereupon become Floating Rate Loans and shall thereafter bear interest
payable upon demand at a rate which is 2% per annum in excess of the applicable Deemed Floating Rate. Payment or acceptance of the increased rates of interest provided for in this subsection 2.2E is not a permitted alternative to timely
payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of any Agent or Lender. 

  
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 F. Computation of Interest. Interest on the Loans shall be computed
(i) in the case of Floating Rate Loans and Swing Line Loans, on the basis of a 365-day or 366-day year, as the case may be, (ii) in the case of Fixed Rate Loans, on the basis of a 360-day year, and (iii) in the case of any Negotiated
Rate Loans, on such basis as is agreed upon by Company and the Lender advancing such Loan, in each case for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of the making of such
Loan or the first day of an Interest Period applicable to such Loan or, with respect to a Floating Rate Loan being converted from a Fixed Rate Loan, the date of conversion of such Fixed Rate Loan to such Floating Rate Loan, as the case may be, shall
be included, and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan or, with respect to a Floating Rate Loan being converted to a Fixed Rate Loan, the date of conversion of such Floating Rate Loan
to such Fixed Rate Loan, as the case may be, shall be excluded; provided that if a Loan is repaid on the same day on which it is made, one day’s interest shall be paid on that Loan. The applicable Administrative Agent shall, at any time
and from time to time upon request of any Borrower, use its commercially reasonable efforts to deliver to such Borrower a statement showing any quotation used by that Administrative Agent in determining any interest rate applicable to Loans pursuant
to this Agreement; provided that no Administrative Agent shall be required to provide any such quotation for periods earlier than thirty (30) days prior to such request. 

G. Canadian Interest Provisions. For purposes of disclosure pursuant to the Interest Act (Canada), the parties
hereto acknowledge that with respect to any Loan to Canada Safeway which is expressed as a rate for a period of less than one year, the yearly rate of interest to which any such rate is equivalent is the rate for the applicable period divided by the
number of days in such period and multiplied by the actual number of days in the year. 
  

	2.3	 Fees. 

 A. Facility Fees. Company agrees to pay to Domestic Administrative Agent, for distribution to each Domestic Lender in proportion to that Lender’s Domestic Pro Rata Share, facility fees for the
period from and including the Closing Date to and excluding the Termination Date equal to the average daily Domestic Commitments during each fiscal quarter of Company multiplied by the Facility Fee Percentage, as in effect from time to time.
Canada Safeway agrees to pay to Canadian Administrative Agent, for distribution to each Canadian Lender (excluding any U.S. Affiliate) in proportion to that Lender’s Canadian Pro Rata Share, facility fees for the period from and including
Closing Date to and excluding the Termination Date equal to the average of the daily Canadian Commitments during each fiscal quarter of Company multiplied by the Facility Fee Percentage, as in effect from time to time. In the event any
Domestic Loans or Canadian Loans remain outstanding beyond the Termination Date, the facility fees described in this subsection 2.3A shall continue to accrue on such Loans and be due and payable as described in this subsection 2.3A. All such
facility fees described in this subsection 2.3A are to be calculated on the basis of a 360-day year and the actual number of days elapsed and to be payable quarterly in arrears on each Quarterly Payment Date, commencing on the first such date to
occur after the Closing Date, and on the Termination Date. 
 Notwithstanding the foregoing, if Company fails to
deliver a Pricing Level Determination Certificate when due in accordance with the provisions of subsection 8.1(iv) or 

  
 48 

 
delivers an incorrect Pricing Level Determination Certificate, and as the result thereof, the amount of facility fees paid by Company for any period is less than it would have been if a correct
Pricing Level Determination Certificate had been timely delivered in accordance with the provisions of subsection 8.1(iv), the amount of facility fees payable on the next Quarterly Payment Date following the delivery of a correct Pricing Level
Determination Certificate (or the Termination Date, if no Quarterly Payment Date will occur prior thereto) shall be increased by any additional amount of facility fees that would have accrued during such period if the Pricing Level had been
correctly and timely determined. 
 B. Other Fees. Company agrees to pay such other fees in the amounts
and at the times as may be separately agreed upon by Company in connection with this Agreement. 
  

	2.4	 Prepayments and Reductions in Commitments; General Provisions Regarding Payments. 

 

	 	A.	 Prepayments and Reductions in Commitments. 

(i) Voluntary Prepayments. Each Borrower may, upon written or telephonic notice delivered to the
applicable Administrative Agent not later than 12:00 noon (New York time) on any prepayment date, prepay the Swing Line Loans in whole or in part in an aggregate minimum amount of U.S./Cdn.$1,000,000 and integral multiples of U.S./Cdn.$500,000 in
excess thereof. Each Borrower may upon not less than one (1) Business Day’s prior written or telephonic notice, in the case of Floating Rate Loans, and three (3) Business Days’ prior written or telephonic notice, in the case of
Fixed Rate Loans, in each case given to the applicable Administrative Agent by 12:00 noon (New York time) on the date required and, if given by telephone, promptly confirmed in writing to such Administrative Agent (which original written or
telephonic notice such Administrative Agent will promptly transmit by fax or telephone to each Lender), at any time and from time to time prepay any Loans on any Business Day in whole or in part in an aggregate minimum amount of
(a) U.S.$50,000,000 and integral multiples of U.S.$10,000,000 in excess of that amount, in the case of Domestic Loans, or (b) U.S./Cdn.$10,000,000 and integral multiples of U.S./Cdn.$1,000,000 in excess of that amount, in the case of
Canadian Loans; provided, however, that a Fixed Rate Loan may only be prepaid prior to the expiration of the Interest Period applicable thereto upon the applicable Borrower’s payment of any amounts that may, as a result of such
prepayment, be due and payable to Lenders pursuant to subsection 2.6D. Any Negotiated Rate Loan may be prepaid only upon such terms and conditions as are agreed to by the Lender funding such Negotiated Rate Loan. Any prepayment notice in connection
with the termination of the Credit Agreement may state that such notice is conditional upon the occurrence or non-occurrence of any event specified therein (including the effectiveness of other credit facilities), in which case such notice may be
revoked by the applicable Borrower (by written notice to the applicable Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Notice of prepayment having been given and not revoked pursuant to the
foregoing sentence, the principal amount of the Loans specified in such notice shall become due and payable on the prepayment date specified therein. Any such voluntary prepayment shall be applied as specified in subsection 2.4A(iv). 

  
 49 

 (ii) Voluntary Reductions of Commitments. Company
may, upon not less than three (3) Business Days’ prior written or telephonic notice confirmed in writing to the applicable Administrative Agent (which original written or telephonic notice such Administrative Agent will promptly transmit
by fax or telephone to each Domestic Lender or Canadian Lender, as the case may be), at any time and from time to time terminate in whole or permanently reduce in part, without premium or penalty, the Domestic Commitments or the Canadian Commitments
in an amount up to the amount by which the Domestic Commitments exceed the Total Utilization of Domestic Commitments or the Canadian Commitments exceed the Total Utilization of Canadian Commitments, respectively, at the time of such proposed
termination or reduction; provided that any such partial reduction of the Domestic Commitments shall be in an aggregate minimum amount of U.S. $50,000,000 and integral multiples of U.S.$10,000,000 in excess of that amount and any such partial
reduction of the Canadian Commitments shall be in an aggregate minimum amount of U.S.$10,000,000 and integral multiples of U.S.$1,000,000 in excess of that amount. Company’s notice to the applicable Administrative Agent shall designate the date
(which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Domestic Commitments or Canadian Commitments shall be effective on the date specified in
Company’s notice and shall reduce the Domestic Commitment of each Domestic Lender or Canadian Commitment of each Canadian Lender, as applicable, proportionately to its Domestic Pro Rata Share or Canadian Pro Rata Share, respectively.

 (iii) Mandatory Prepayments. Borrowers shall from time to time prepay their respective
Loans (and in the case of Canada Safeway, after repayment of its outstanding Loans, its outstanding Acceptances) to the extent necessary (1) so that the Total Utilization of Domestic Commitments shall not at any time exceed the Domestic
Commitments and (2) so that the Total Utilization of Canadian Commitments shall not at any time exceed the Canadian Commitments; provided that if the Total Utilization of Canadian Commitments at any time exceeds the Canadian Commitments
solely as a result of a change in the relative exchange rate for Dollars and Canadian Dollars, Canada Safeway shall within five (5) Business Days of such change in such exchange rate prepay Canadian Loans or, to the extent no Canadian Loans are
outstanding, Acceptances in an amount necessary so that the Total Utilization of Canadian Commitments is equal to or less than the Canadian Commitments. Any mandatory prepayments pursuant to this subsection 2.4A(iii) shall be applied as specified in
subsection 2.4A(iv). 
 (iv) Application of Prepayments to Swing Line Loans, Floating Rate
Loans and Fixed Rate Loans. Any prepayment by Company of Domestic Loans shall be applied first to Domestic Swing Line Loans of Company to the full extent thereof, second to Domestic Base Rate Loans of Company to the full extent
thereof and third to Domestic Eurodollar Rate Loans of Company, in each case in a manner which minimizes the amount of any payments required to be made by Company pursuant to subsection 2.6D. Any prepayment by Company of Canadian/U.S.
Loans shall be applied first to Canadian/U.S. Base Rate Loans to the full extent thereof and second to Canadian/U.S. Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by
Company pursuant to subsection 2.6D. Any 

  
 50 

 
prepayment in any currency (whether Dollars or Canadian Dollars) by Canada Safeway of Canadian Loans shall be applied first to Canadian Swing Line Loans denominated in such currency to the
full extent thereof, second to Floating Rate Loans of Canada Safeway denominated in such currency to the full extent thereof and third to Fixed Rate Loans of Canada Safeway denominated in such currency, in each case in a manner which
minimizes the amount of any payments required to be made by Canada Safeway pursuant to subsection 2.6D. The applicable Borrower shall, upon making any prepayment, specify whether such prepayment is to be applied to Domestic Loans or Canadian
Loans, as applicable. 
 (v) Prepayments to Remove a Lender. In the event Company is
entitled to replace a non-consenting Lender pursuant to subsection 13.6B, each Borrower shall have the right, upon five (5) Business Days’ prior written notice to the applicable Administrative Agent (which notice such Administrative Agent
shall promptly transmit to each of the Lenders), to prepay all Loans, together with accrued and unpaid interest, fees and other amounts owing to such Lender (including the U.S. Affiliate of such Lender, if any) in accordance with subsection 13.6B so
long as and subject to subsection 2.4A(vii) (1) all Commitments of such Lender (including the U.S. Affiliate of such Lender, if any) are terminated concurrently with such prepayment pursuant to subsection 2.4A(vi) (at which time Schedule
2.1 shall be deemed modified to reflect the changed Commitments), and (2) the consents required by subsection 13.6B in connection with the prepayment pursuant to this subsection 2.4A(v) shall have been obtained, and at such time, such
Lender (including the U.S. Affiliate of such Lender, if any) shall no longer constitute a “Lender” for purposes of this Agreement, except with respect to indemnifications under this Agreement (including, without limitation, subsections
2.6D, 3.5A, 13.2 and 13.3), which shall survive as to such Lender (including the U.S. Affiliate of such Lender, if any). 
 (vi) Reductions of Commitments to Remove a Lender. In the event Company is entitled to replace a non-consenting Lender pursuant to subsection 13.6B, each Borrower shall have the right, upon five
(5) Business Days’ prior written notice to the applicable Administrative Agent (which notice such Administrative Agent shall promptly transmit to each of the Lenders), to terminate the entire Commitment of such Lender (including the U.S.
Affiliate of such Lender, if any), so long as (1) all Loans, together with accrued and unpaid interest, fees and other amounts owing to such Lender (including the U.S. Affiliate of such Lender, if any) are repaid, including without limitation
amounts owing to such Lender (including the U.S. Affiliate of such Lender, if any) pursuant to subsection 2.6D, pursuant to subsection 2.4A(v) concurrently with the effectiveness of such termination (at which time Schedule 2.1 shall be deemed
modified to reflect the changed Commitments) and (2) the consents required by subsection 13.6B in connection with the prepayment pursuant to subsection 2.4A(v) shall have been obtained, and at such time, such Lender (including the U.S.
Affiliate of such Lender, if any) shall no longer constitute a “Lender” for purposes of this Agreement, except with respect to indemnifications under this Agreement (including, without limitation, subsections 2.6D, 3.5A, 13.2 and 13.3),
which shall survive as to such Lender (including the U.S. Affiliate of such Lender, if any). 

  
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 (vii) Replacement of Outstanding Letters of Credit and
Prepayment of Acceptances. If the Lender being replaced or terminated as contemplated by subsection 2.4A(v) or 2.4A(vi) (1) is an Issuing Lender which has agreed to issue any Letter of Credit (but has not yet issued such Letter of Credit),
such agreement shall be automatically terminated without any further act of the parties hereto, (2) is a Lender which has agreed to create any Acceptances (but such Acceptances are not yet outstanding), such agreement shall be automatically
terminated without any further act of the parties and (3) is an Issuing Lender that has issued any Letter of Credit and such Letter of Credit is still outstanding or any amounts drawn under such Letter of Credit have not been reimbursed by
Company pursuant to subsection 3.3B, or such Lender has created any Acceptances which are outstanding, then the replacement or termination of such Lender shall not take effect until (y) in the case of an Issuing Lender, any Letters of Credit
issued by such Lender shall have been returned to such Issuing Lender and such Issuing Lender shall have been reimbursed in full for all amounts drawn under such Letters of Credit pursuant to subsection 3.3B and (z) in the case of a Lender
which has created any Acceptances, such Lender shall have been paid in full for all sums due or to become due pursuant to such Acceptances. 
  

	 	B.	 General Provisions Regarding Payments. 

(i) Manner and Time of Payment. All payments by Company of principal, interest, fees and other
Obligations hereunder and under the Notes issued by Company shall be made in Dollars in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to the applicable Administrative Agent not later
than 12:00 noon (New York time) on the due date at the Domestic Funding and Payment Office. All payments by Canada Safeway shall be in Dollars except for payments in respect of the principal amount of, and interest accrued in respect of, Loans
denominated in Canadian Dollars or Acceptances, which principal and interest shall be payable in Canadian Dollars, and, in any event, shall be payable in same day funds, without defense, setoff or counterclaim, free of any restriction or condition,
and delivered to Administrative Agent not later than 12:00 noon (New York time) on the due date at the Canadian Funding and Payment Office. Funds received by the applicable Administrative Agent after that time on such due date shall be deemed to
have been paid by the applicable Borrower on the next succeeding Business Day. Each Borrower hereby authorizes each Administrative Agent to charge its accounts with such Administrative Agent in order to cause timely payment to be made to such
Administrative Agent of all principal, interest, fees and expenses due hereunder (subject to sufficient funds being available in its accounts for that purpose). Each applicable Administrative Agent shall give the applicable Borrower notice of any
such charge as soon as practicable, whether before or after making such charge. 
 (ii)
Application of Payments to Principal and Interest. All payments in respect of the principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied
to the payment of interest before application to principal. 

  
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 (iii) Apportionment of Payments. Aggregate principal
and interest payments shall be apportioned among all outstanding Loans or Acceptances to which such payments relate, in each case proportionately to Lenders’ respective Domestic Pro Rata Shares or Canadian Pro Rata Shares, as applicable, of
such Loans or Acceptances. Domestic Administrative Agent shall promptly distribute to each Domestic Lender, at its primary address set forth below its name on the appropriate signature page hereof or at such other address as such Lender may request,
its Domestic Pro Rata Share of all payments received by Domestic Administrative Agent in respect of Domestic Loans (other than Swing Line Loans and Negotiated Rate Loans). Canadian Administrative Agent shall promptly distribute to each Canadian
Lender (or in the case of payments relating to Canadian/U.S. Loans, any U.S. Affiliate of such Canadian Lender, if any) at its primary address set forth below its name on the appropriate signature page hereof or at such other address as such Lender
may request, its Canadian Pro Rata Share of all payments received by Canadian Administrative Agent in respect of Canadian Loans (other than Swing Line Loans) and Acceptances. Domestic Administrative Agent shall promptly distribute to each Swing Line
Lender in respect of Domestic Swing Line Loans, at its primary address set forth below its name on the appropriate signature page hereof or at such other address as such Swing Line Lender may request, its Domestic Swing Line Pro Rata Share of all
payments received by Administrative Agent in respect of Domestic Swing Line Loans. Canadian Administrative Agent shall promptly distribute to the Swing Line Lender in respect of Canadian Swing Line Loans, at its primary address set forth below its
name on the appropriate signature page hereof or at such other address as the Swing Line Lender may request, its Canadian Swing Line Pro Rata Share of all payments received by Canadian Administrative Agent in respect of Canadian Swing Line Loans.
Additionally, the applicable Administrative Agent shall distribute to each Lender, at its primary address set forth below its name on the appropriate signature page hereof or at such other address as such Lender may request, its Aggregate Pro Rata
Share of the facility fees when received by such Administrative Agent pursuant to subsection 2.3. 
 Notwithstanding the foregoing provisions of this subsection 2.4B(iii), if, pursuant to the provisions of subsection 2.6C, any Notice of Conversion/Continuation is withdrawn as to any Affected Lender or if
any Affected Lender makes Floating Rate Loans in lieu of its Pro Rata Share of any Fixed Rate Loans, the applicable Administrative Agent shall give effect thereto in apportioning payments received thereafter. 

(iv) Payments on Business Days. Whenever any payment to be made hereunder shall be stated to be due
on a day that is not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of the payment of interest hereunder or of the facility fees hereunder, as the case
may be. 
 (v) Notation of Payment. Each Lender agrees that before disposing of any Note
held by it, or any part thereof (other than by granting participations therein), that Lender will make a notation thereon of all Loans evidenced by that Note and all principal payments previously made thereon and of the date to which interest
thereon has been paid; provided that the failure to make (or any error in the making of) a notation of any 

  
 53 

 
Loan made under such Note shall not limit or otherwise affect the obligations of any Borrower hereunder or under such Note with respect to any Loan or any payments of principal or interest on
such Note. 
  

	2.5	 Use of Proceeds. 

 A. Loans. Proceeds of the Domestic Loans and the Canadian Loans advanced on the Closing Date, if any, shall be applied, together with other available funds of Borrowers, by the applicable Borrowers
to repay all amounts of principal and accrued interest owing by Company and Canada Safeway under the Existing Credit Agreement. Any excess or other proceeds of the Domestic Loans and the Canadian Loans shall be applied by the applicable Borrower for
general corporate purposes. 
 B. Margin Regulations. No portion of the proceeds of any borrowing under
this Agreement shall be used by Company or any of its Subsidiaries in any manner that might cause the borrowing or the application of such proceeds to violate Regulation U, Regulation T or Regulation X of the Board of Governors of the Federal
Reserve System or any other regulation of such Board or to violate the Exchange Act, in each case as in effect on the date or dates of such borrowing and such use of proceeds. 

 

	2.6	 Special Provisions Governing Fixed Rate Loans. 

Notwithstanding any other provision of this Agreement to the contrary, the following provisions shall govern with respect
to Fixed Rate Loans as to the matters covered: 
 A. Determination of Applicable Interest Rate. On or
around 11:00 a.m. (New York time) on each Interest Rate Determination Date, the applicable Administrative Agent shall determine in accordance with the definition of “Adjusted Eurodollar Rate” (which determination shall, absent manifest or
demonstrable error, be final, conclusive and binding upon all parties) the interest rate that shall apply to the Fixed Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice
thereof (in writing or by telephone confirmed in writing) to Borrower requesting such Fixed Rate Loans and the Lenders having commitments hereunder to fund such Fixed Rate Loans. 

B. Inability to Determine Applicable Interest Rate. In the event that the applicable Administrative Agent shall
have determined (which determination shall be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any Fixed Rate Loans, that by reason of circumstances affecting the interbank Eurodollar
market adequate and fair means do not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition of Adjusted Eurodollar Rate, as applicable, such Administrative Agent shall on such date give notice
(by fax or by telephone confirmed in writing) to Borrowers and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to, Domestic Eurodollar Rate Loans or Canadian Eurodollar Rate Loans, as the case may be,
until such time as such Administrative Agent notifies Borrowers and Lenders that the circumstances giving rise to such notice no longer exist and (ii) any Notice of Borrowing or Notice of Conversion/Continuation given by any Borrower with
respect to the 

  
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Loans in respect of which such determination was made shall be deemed to be rescinded by the applicable Borrower. 

C. Illegality or Impracticability of Fixed Rate Loans. In the event that on any date any Lender shall have
determined (which determination shall be final and conclusive and binding upon all parties hereto but shall be made only after consultation with Company and the applicable Administrative Agent) that the making, maintaining or continuation of its
Domestic Eurodollar Rate Loans or Canadian Eurodollar Rate Loans, as the case may be, (i) has become unlawful as a result of compliance by such Lender in good faith with any law, treaty, governmental rule, regulation, guideline or order (or
would conflict with any such treaty, governmental rule, regulation, guideline or order not having the force of law even though the failure to comply therewith would not be unlawful) or (ii) has become impracticable, or would cause such Lender
material hardship, as a result of contingencies occurring after the date of this Agreement which materially and adversely affect the interbank Eurodollar market or the position of such Lender in that market, then, and in any such event, such Lender
shall be an “Affected Lender” and it shall on that day give notice (by fax or by telephone confirmed in writing) to Borrowers and the applicable Administrative Agent of such determination (which notice Administrative Agent shall
promptly transmit to each other Lender). Thereafter (a) the obligation of the Affected Lender to make Loans as, or to convert Loans to, Domestic Eurodollar Rate Loans or Canadian Eurodollar Rate Loans, as the case may be, shall be suspended
until such notice shall be withdrawn by the Affected Lender, (b) to the extent such determination by the Affected Lender relates to a Fixed Rate Loan then being requested by a Borrower pursuant to a Notice of Borrowing or a Notice of
Conversion/Continuation, the Affected Lender shall make such Loan as (or convert such Loan to, as the case may be) a Floating Rate Loan bearing interest at the applicable Deemed Floating Rate, (c) the Affected Lender’s obligation to
maintain its outstanding Domestic Eurodollar Rate Loans or Canadian Eurodollar Rate Loans, as the case may be (the “Affected Loans”), shall be terminated at the earlier to occur of the expiration of the Interest Period then in
effect with respect to the Affected Loans or when required by law, and (d) the Affected Loans shall automatically convert into Floating Rate Loans bearing interest at the applicable Deemed Floating Rate on the date of such termination.
Notwithstanding the foregoing, to the extent a determination by an Affected Lender as described above relates to a Fixed Rate Loan then being requested by a Borrower pursuant to a Notice of Borrowing or a Notice of Conversion/Continuation, such
Borrower shall have the option, subject to the provisions of subsection 2.6D, to rescind such Notice of Borrowing or Notice of Conversion/Continuation as to all Lenders by giving notice (by fax or by telephone confirmed in writing) to the applicable
Administrative Agent of such rescission on the date on which the Affected Lender gives notice of its determination as described above (which notice of rescission such Administrative Agent shall promptly transmit to each other Lender). Except as
provided in the immediately preceding sentence, nothing in this subsection 2.6C shall affect the obligation of any Lender other than an Affected Lender to make or maintain Loans as, or to convert Loans to, Fixed Rate Loans in accordance with the
terms of this Agreement. 
 D. Compensation For Breakage or Non-Commencement of Interest Periods. Company
shall compensate each Lender, upon written request by that Lender (which request shall set forth the basis for requesting such amounts), for all reasonable losses, expenses and liabilities (including, without limitation, any interest paid by that
Lender to lenders of funds borrowed by it to make or carry its Fixed Rate Loans and any loss, expense or liability sustained 

  
 55 

 
by that Lender in connection with the liquidation or re-employment of such funds) which that Lender may sustain: (i) if for any reason (other than a default by that Lender or an
Administrative Agent) a borrowing of any Fixed Rate Loan does not occur on a date specified therefor in a Notice of Borrowing or a telephonic request for borrowing, or a conversion to or continuation of any Fixed Rate Loan does not occur on a date
specified therefor in a Notice of Conversion/Continuation or a telephonic request for conversion or continuation, (ii) if any prepayment or other principal payment or any conversion of any of its Fixed Rate Loans occurs on a date prior to the
last day of an Interest Period applicable to that Loan, (iii) if any prepayment of any of its Fixed Rate Loans is not made on any date specified in a notice of prepayment given by a Borrower, or (iv) as a consequence of any other default
by a Borrower in the repayment of its Fixed Rate Loans when required by the terms of this Agreement. 
 E.
Booking of Fixed Rate Loans. Any Lender may make, carry or transfer Fixed Rate Loans at, to, or for the account of any of its branch offices or the office of an Affiliate of that Lender. 

F. Assumptions Concerning Funding of Fixed Rate Loans. Calculation of all amounts payable to a Lender under this
subsection 2.6 and under subsection 5.1A shall be made as though that Lender had funded each of its relevant Fixed Rate Loans through the purchase of a Eurodollar deposit bearing interest at the rate obtained pursuant to the definition of Adjusted
Eurodollar Rate, in an amount equal to the amount of such Fixed Rate Loan and having a maturity comparable to the relevant Interest Period and through the transfer of such Eurodollar deposit from an offshore office of that Lender to an office of
that Lender in the United States of America or Canada, as applicable; provided, however, that each Lender may fund each of its Fixed Rate Loans in any manner it sees fit and the foregoing assumptions shall be utilized only for the
purposes of calculating amounts payable under this subsection 2.6 and under subsection 5.1A. 
 G. Fixed Rate
Loans After Default. After the occurrence of and during the continuation of an Event of Default, (i) Borrowers may not elect to have a Loan be made or maintained as, or converted to, a Fixed Rate Loan after the expiration of any Interest
Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice of Conversion/Continuation given by any Borrower with respect to a requested borrowing or conversion/continuation that
has not yet occurred shall be deemed to be rescinded by such Borrower. 
  

	2.7	 Increase in Commitments. 

 A. Request for Increase. Provided no Event of Default has occurred and is continuing, upon written notice to the Administrative Agents (which shall promptly notify Lenders), Company may from time
to time request an increase in the Domestic Commitments or the Canadian Commitments by an amount (for all such requests in the aggregate) not exceeding $500,000,000; provided that any such request for an increase shall be in a minimum amount
of $25,000,000. 
 B. Increase in Commitments; Additional Lenders. Concurrently with any request by
Company for an increase in Commitments pursuant to this subsection 2.7, Company shall 

  
 56 

 
notify the Administrative Agents of each Lender that has agreed to increase its Commitment and the amount of each such agreed increase. Company and such Lender shall execute and deliver to the
applicable Administrative Agent an assumption agreement in form and substance satisfactory to such Administrative Agent and its counsel to evidence the increase in its Commitment. To achieve the full amount of a requested increase in Commitments
Company may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance satisfactory to Administrative Agent, provided that each Administrative Agent, each Joint Bookrunner, each affected
Issuing Lender and each affected Swing Line Lender shall have consented to any such Eligible Assignee becoming a Lender (such consents not to be unreasonably withheld). Company shall have no right to increase Commitments pursuant to this subsection
2.7 except to the extent Company obtains the agreement of one or more Lenders and/or Eligible Assignees (and, in the case of any such Eligible Assignee, any requisite consents) to accept such increase in Commitments. 

C. Effective Date and Allocations. If the Commitments are increased in accordance with this subsection 2.7, Joint
Bookrunners and Company shall determine the effective date (each, an “Increase Effective Date”) and the final allocation of such increase in Commitments. Joint Bookrunners shall promptly notify Company, the Administrative Agents and
the Lenders (and any designated Eligible Assignees) of the final allocation of such increase and the applicable Increase Effective Date. 
 D. Conditions to Effectiveness of Increase. As a condition precedent to each such increase in Commitments, Company shall deliver to Administrative Agents an Officer’s Certificate of Company
dated as of the applicable Increase Effective Date (i) certifying and attaching the resolutions adopted by Company approving or consenting to such increase in Commitments, and (ii) certifying that, before and after giving effect to such
increase in Commitments: 
 (i) the representations and warranties contained herein and in the
other Loan Documents are true, correct and complete in all material respects on and as of the applicable Increase Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties
specifically relate to an earlier date, in which case such representations and warranties are true, correct and complete in all material respects on and as of such earlier date and 

(ii) no event has occurred and is continuing that would constitute an Event of Default or a Potential
Event of Default. 
 Company shall either (1) prepay any Loans outstanding on the applicable Increase Effective Date or
(2) submit a Notice of Borrowing requesting Loans as of the applicable Increase Effective Date (which Loans shall be funded solely by the Lenders that have increased their respective Commitments as of such Increase Effective Date), in each case
solely to the extent necessary to keep the outstanding Loans ratable with any revised Aggregate Pro Rata Shares arising from any nonratable increase in the Commitments under this subsection 2.7. This subsection 2.7 shall supersede any provisions in
subsection 13.6 to the contrary. 
  

	2.8	 Defaulting Lenders. 

  
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 A. Defaulting Lender Adjustments. Notwithstanding anything to
the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 

(i) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any
amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in subsection 13.6 and the definition of “Requisite Lenders.” 

(ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts
received under this Agreement by the applicable Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 10 or otherwise) or received by the applicable Administrative Agent
from a Defaulting Lender pursuant to subsection 13.4 shall be applied at such time or times as may be determined by the applicable Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the
applicable Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Issuing Lender or Swing Line Lender hereunder; third, if so determined by the Issuing Lender or
the applicable Swing Line Lender, to be held as Cash Collateral for future funding obligations of that Defaulting Lender or any participations in any Swing Line Loan or Letter of Credit; fourth, applicable Borrower may request (so long as no
Event of Default or Potential Event of Default exists), to the funding of any Domestic Loan or Canadian Loan, as applicable, in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as
determined by the applicable Administrative Agent; fifth, if so determined by the applicable Administrative Agent and Company, to be held in a deposit account and released in order to satisfy such Defaulting Lender’s potential future
funding obligations with respect to Loans under this Agreement; sixth, to the payment of any amounts owing to the Lenders, the Issuing Lender or the Swing Line Lenders as a result of any judgment of a court of competent jurisdiction obtained
by any Lender, Issuing Lender or Swing Line Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Event of Default or Potential Event of
Default exists, to the payment of any amounts owing to any Borrower as a result of any judgment of a court of competent jurisdiction obtained by such Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its
obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or L/C
Disbursements in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in subsection 6.2 were
satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Disbursements owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Disbursements owed to, such
Defaulting Lender until such time as all Loans and funded and unfunded participations in Letter of Credit Usage and Swing Line Loans are held by the Lenders pro rata in accordance with the Commitments without giving effect to subsection 2.8A(iv).
Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a 

  
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Defaulting Lender or to post Cash Collateral pursuant to this subsection 2.9A(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.

 (iii) Certain Fees. (A) Each Defaulting Lender shall be entitled to receive a
facility fee for any period during which that Lender is a Defaulting Lender only to the extent allocable to the sum of (1) the outstanding principal amount of the Loans funded by it, and (2) its Aggregate Pro Rata Share of the stated
amount of Letters of Credit for which it has provided Cash Collateral pursuant to subsection 2.9. 
 (B) Each
Defaulting Lender shall be entitled to receive Letter of Credit Fees for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Aggregate Pro Rata Share of the stated amount of Letters of Credit for which it
has provided Cash Collateral pursuant to subsection 2.9. 
 (C) With respect to any facility fee or Letter of
Credit Fee not required to be paid to any Defaulting Lender pursuant to clause (A) or (B) above, applicable Borrowers shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender
with respect to such Defaulting Lender’s participation in Letter of Credit Usage or Swing Line Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to each Issuing Lender and Swing Line
Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Lender’s or Swing Line Lender’s Fronting Exposure to such Defaulting Lender, and (z) not be required
to pay the remaining amount of any such fee. 
 (iv) Reallocation of Participations to Reduce
Fronting Exposure. All or any part of such Defaulting Lender’s participation in Letter of Credit Usage and Swing Line Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Aggregate Pro Rata Share
(calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (x) the conditions set forth in subsection 6.2 are satisfied at the time of such reallocation (and, unless Company shall have otherwise notified
the Administrative Agents at such time, Borrowers shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Domestic Loan Exposure or Canadian Loan
Exposure, as applicable, of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from
that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 

(v) Cash Collateral, Repayment of Swing Line Loans. If the reallocation described in subsection
2.8A(iv) cannot, or can only partially, be effected, Borrowers shall, without prejudice to any right or remedy available to them hereunder or under law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’

  
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Fronting Exposure and (y) second, Cash Collateralize the Issuing Lenders’ Fronting Exposure in accordance with the procedures set forth in subsection 2.9. 

(vi) Cash Collateral, Payment of Fees. If Borrowers cash collateralize any portion of such
Defaulting Lender’s Fronting Exposure pursuant to clause (v) above, Borrowers shall not be required to pay any fees to such Defaulting Lender pursuant to subsection 3.2 with respect to such Defaulting Lender’s Fronting Exposure during
the period such Defaulting Lender’s Fronting Exposure is cash collateralized. 
 B. Defaulting Lender
Cure. If Company, the applicable Administrative Agent, each Swing Line Lender and each Issuing Lender agree in writing that a Lender is no longer a Defaulting Lender, the applicable Administrative Agent will so notify the parties hereto,
whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that
portion of outstanding Loans of the other Lenders or take such other actions as the applicable Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swing Line Loans to
be held by the Lenders in accordance with their Aggregate Pro Rata Share (without giving effect to subsection 2.8(A)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively
with respect to fees accrued or payments made by or on behalf of any Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change
hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

C. New Swing Line Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, (i) the Swing
Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) no Issuing Lender shall be required to issue, extend, renew or
increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. 
  

	2.9	 Cash Collateral. 

 A. Certain Credit Support Events. Upon the request of Domestic Administrative Agent or the Issuing Lender (i) if the Issuing Lender has honored any full or partial drawing request under any
Letter of Credit and such drawing has resulted in an L/C Disbursement, or (ii) if, as of the Letter of Credit Expiration Date, any Letter of Credit Usage for any reason remains outstanding, Company shall promptly Cash Collateralize the then
outstanding Letter of Credit Usage in an amount not less than the Minimum Collateral Amount or, in the case of any such L/C Disbursement, repay such L/C Disbursement. At any time that there shall exist a Defaulting Lender, promptly upon the request
of the applicable Administrative Agent, the Issuing Lender or the applicable Swing Line Lenders, the applicable Borrower shall deliver to the Administrative Agent Cash Collateral in an amount not less than the Minimum Collateral Amount (after giving
effect to subsection 2.8A(iv) and any Cash Collateral provided by the Defaulting Lender). 

  
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 B. Cash Collateral Account. All Cash Collateral (other than credit
support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at the applicable Administrative Agent. If at any time the applicable Administrative Agent determines that Cash Collateral is
subject to any right or claim of any Person other than such Administrative Agent as herein provided, or that the total amount of such Cash Collateral allocable to such Borrower is less than the Minimum Collateral Amount allocable to such Borrower,
such Borrower or the relevant Defaulting Lender will, promptly upon demand by the applicable Administrative Agent, pay or provide to the applicable Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency.

 C. Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral
provided under any of this subsection 2.9 or subsections 2.1A(iii), 2.4, 2.8, and Sections 3 and 10 by any Borrower in respect of Letters of Credit or Swing Line Loans of such Borrower shall be held and applied to the satisfaction of the specific
participations in the Letter of Credit Usage, Swing Line Loans, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which
the Cash Collateral was so provided, prior to any other application of such property as may be provided for herein. 
 D. Release. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or other obligations shall be released promptly following (i) the elimination of the
applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance with subsection 13.1B) or (ii) the
applicable Administrative Agent’s good faith determination that there exists excess Cash Collateral; provided that (x) Cash Collateral furnished by or on behalf of a Loan Party shall not be released during the continuance of an Event of
Default or Potential Event of Default (and following application as provided in this subsection 2.9 may be otherwise applied in accordance with Section 10), and (y) the Person (including the applicable Borrower) providing Cash Collateral
and the Issuing Lender or Swing Line Lender, as applicable, may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations. 

 

	Section	 3.         LETTERS OF CREDIT 

 

	3.1	 Issuance of Letters of Credit and Lenders’ Purchase of Participations Therein. 

A. Letters of Credit. In addition to Company requesting that Domestic Lenders make Domestic Loans pursuant to
subsection 2.1A(i), Company may request, in accordance with the provisions of this subsection 3.1, from time to time during the period from the Closing Date to but excluding the tenth Business Day prior to the Termination Date, that one or more
Domestic Lenders issue Letters of Credit for the account of Company for the purposes specified in the definitions of Commercial Letters of Credit and Standby Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance
upon the representations and warranties of Borrowers herein set forth, any one or more Domestic Lenders may, but (except as provided in subsection 3.1B(ii)) shall not be obligated to, issue such Letters of Credit in accordance with the provisions of
this subsection 3.1; provided that Company shall not request that any Domestic Lender issue (and no Domestic Lender shall issue): 

  
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 (i) any Letter of Credit if, after giving effect to such
issuance, the Total Utilization of Domestic Commitments would exceed the Domestic Commitments then in effect; 
 (ii) any Letter of Credit if, after giving effect to such issuance, the Letter of Credit Usage would exceed $400,000,000; 

(iii) any Standby Letter of Credit having an expiration date later than the earlier of (a) the fifth
Business Day prior to the Termination Date and (b) the date which is one year from the date of issuance of such Standby Letter of Credit; provided that the immediately preceding clause (b) shall not prevent any Issuing Lender from
agreeing that a Standby Letter of Credit will automatically be extended for one or more successive periods not to exceed one year each unless such Issuing Lender elects not to extend for any such additional period; provided, further
that, unless Requisite Lenders otherwise consent, such Issuing Lender shall give notice that it will not extend such Standby Letter of Credit if it has knowledge that an Event of Default has occurred and is continuing on the last day on which such
Issuing Lender may give notice that it will not extend such Standby Letter of Credit; 
 (iv) any
Commercial Letter of Credit having an expiration date (a) later than the earlier of (X) the date which is 30 days prior to the Termination Date and (Y) the date which is 180 days from the date of issuance of such Commercial Letter of
Credit or (b) that is otherwise unacceptable to the applicable Issuing Lender in its reasonable discretion; 
 (v) any Commercial Letter of Credit if, after giving effect to such issuance, the Letter of Credit Usage in respect of Commercial Letters of Credit would exceed $100,000,000; 

(vi) any Letter of Credit denominated in a currency other than Dollars or Canadian Dollars; or 

(vii) any Letter of Credit if a default of any Lender’s obligation under subsection 3.3 exists or any
Lender is a Defaulting Lender hereunder, unless the Issuing Lender has entered into satisfactory arrangements with Company or such Lender to eliminate the Issuing Lender’s risk with respect to such Lender. 

If any Letter of Credit is proposed to be amended at any time, such Letter of Credit, as amended, shall be deemed to be a
newly issued Letter of Credit for purposes of the requirements of this subsection 3.1A. Company and Lenders agree that, on and after the Closing Date, the Existing Company Letters of Credit shall for all purposes hereof be deemed to be Letters of
Credit issued pursuant to and governed in all respects by the terms of this Agreement. 
  

	 	B.	 Mechanics of Issuance. 

(i) Notice of Issuance. Whenever Company desires the issuance of a Letter of Credit, it shall
deliver to the proposed Issuing Lender (with a copy to Domestic Administrative Agent if Domestic Administrative Agent is not the proposed Issuing 

  
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Lender) a Notice of Issuance of Letter of Credit substantially in the form of Exhibit III annexed hereto no later than 12:00 noon (New York time) at least five (5) Business Days, or
such shorter period as may be agreed to by any Issuing Lender in any particular instance, in advance of the proposed date of issuance. The Notice of Issuance of Letter of Credit shall specify (a) the Domestic Lender requested to issue the
Letter of Credit, (b) whether such Letter of Credit is to be a Commercial Letter of Credit or a Standby Letter of Credit, (c) the proposed date of issuance (which shall be a Business Day), (d) the face amount of the Letter of Credit,
(e) whether such Letter of Credit is to be denominated in Dollars or Canadian Dollars, (f) the expiration date of the Letter of Credit, (g) the name and address of the beneficiary, and (h) a summary of the purpose of such Letter
of Credit. At least two (2) Business Days prior to the proposed date of issuance, Company shall specify to the Issuing Lender the proposed text of the proposed Letter of Credit or the proposed terms and conditions thereof, including a
precise description of any documents and the verbatim text of any certificates to be presented by the beneficiary which, if presented by the beneficiary in substantial compliance with such terms and conditions and on or before the expiration date of
the Letter of Credit, would require the Issuing Lender to make payment under the Letter of Credit; provided that the Issuing Lender, in its reasonable judgment, may require changes in the text of the proposed Letter of Credit or any such
documents or certificates; and provided, further that no Letter of Credit shall require payment against a conforming draft to be made thereunder on the same business day (under the laws of the jurisdiction in which the office of the
Issuing Lender to which such draft is required to be presented is located) that such draft is presented if such presentation is made after 11:00 a.m. (in the time zone of such office of the Issuing Lender) on such business day. 

Company shall notify the applicable Issuing Lender (and Domestic Administrative Agent, if Domestic
Administrative Agent is not such Issuing Lender) prior to the issuance of any Letter of Credit in the event that any of the matters to which Company is required to certify in the applicable Notice of Issuance of Letter of Credit is no longer true
and correct as of the proposed date of issuance of such Letter of Credit, and upon the issuance of any Letter of Credit, Company shall be deemed to have re-certified, as of the date of such issuance, as to the matters to which Company is required to
certify in the applicable Notice of Issuance of Letter of Credit. 
 (ii) Determination of
Issuing Lender. Upon receipt by a proposed Issuing Lender of a Notice of Issuance of Letter of Credit from Company pursuant to subsection 3.1B(i) requesting the issuance of a Letter of Credit, (a) in the event Deutsche Bank is the proposed
Issuing Lender, Deutsche Bank shall be the Issuing Lender with respect to such Letter of Credit, notwithstanding the fact that the Letter of Credit Usage with respect to such Letter of Credit and with respect to all other Letters of Credit issued by
Deutsche Bank, when aggregated with Deutsche Bank’s outstanding Loans, may exceed Deutsche Bank’s Domestic Commitment then in effect; and (b) in the event any other Domestic Lender is the proposed Issuing Lender, such Domestic Lender
shall promptly notify Company and Domestic Administrative Agent whether or not, in its sole discretion, it has elected to issue such Letter of Credit, and (1) if such Domestic Lender so elects to issue such Letter of Credit it shall be the
Issuing Lender with respect thereto, notwithstanding the fact that the Letter of Credit Usage with respect to such Letter of Credit and with 

  
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respect to all other Letters of Credit issued by such Domestic Lender, when aggregated with such Domestic Lender’s outstanding Loans, may exceed such Domestic Lender’s Domestic
Commitment then in effect and (2) if such Domestic Lender fails to so promptly notify Company and Domestic Administrative Agent or declines to issue such Letter of Credit, Company may request another Domestic Lender to be the Issuing Lender
with respect to such Letter of Credit in accordance with the provisions of this subsection 3.1B; provided, that in the event such other Domestic Lender fails to promptly notify Company, Deutsche Bank and Domestic Administrative Agent or
declines to issue such Letter of Credit, Deutsche Bank shall be the Issuing Lender. 
 (iii)
Issuance of Letter of Credit. Upon satisfaction or waiver (in accordance with subsection 13.6) of the conditions set forth in subsection 6.3, the Issuing Lender shall issue the requested Letter of Credit in accordance with the Issuing
Lender’s standard operating procedures. 
 (iv) Notification to Domestic Lenders.
Upon the issuance of any Standby Letter of Credit the applicable Issuing Lender shall promptly notify Domestic Administrative Agent of such issuance, which notice shall be accompanied by a copy of such Standby Letter of Credit. Promptly after
receipt of such notice, Domestic Administrative Agent shall notify each Domestic Lender of the amount of such Domestic Lender’s respective participation in such Standby Letter of Credit, determined in accordance with subsection 3.1C.

 (v) Reports to Domestic Lenders Regarding Standby Letters of Credit. Within 15 days
after the end of each calendar quarter ending after the Closing Date, so long as any Standby Letter of Credit shall have been outstanding during such calendar quarter, each Issuing Lender shall deliver to Domestic Administrative Agent for
distribution to each other Domestic Lender a report setting forth for such calendar quarter the daily maximum amount available to be drawn under the Letters of Credit issued by such Issuing Lender that were outstanding during such calendar quarter.

 (vi) Reports to Domestic Lenders Regarding Commercial Letters of Credit. In the event
that the Issuing Lender of any Commercial Letter of Credit is other than Domestic Administrative Agent, such Issuing Lender shall send by facsimile transmission to Domestic Administrative Agent promptly on the first Business Day of each week the
daily maximum amount available for drawing under such Commercial Letter of Credit for the previous week. Domestic Administrative Agent shall deliver to each Domestic Lender, upon each calendar month end, a report setting forth for such period the
daily maximum amount available for drawing under all Commercial Letters of Credit issued by any Issuing Lender for such period. 
 C. Domestic Lenders’ Purchase of Participations in Letters of Credit. Immediately upon the issuance of each Letter of Credit, each Domestic Lender shall be deemed to, and hereby agrees to,
have irrevocably purchased from the Issuing Lender a participation in such Letter of Credit and drawings thereunder in an amount equal to such Domestic Lender’s Domestic Pro Rata Share of the maximum amount which is or at any time may become
available to be drawn thereunder. 

  
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	3.2	 Letter of Credit Fees. 

 Company in requesting the issuance of a Letter of Credit pursuant to subsection 3.1 agrees to pay the following amounts with respect to Letters of Credit issued hereunder by any Issuing Lender (including,
without limitation, the Existing Company Letters of Credit): 
 (i) with respect to each Standby
Letter of Credit, (a) a fronting fee payable directly to such Issuing Lender for its own account, equal to 0.125% per annum of the daily maximum amount available to be drawn under such Standby Letter of Credit and (b) a letter of
credit fee (the “Letter of Credit Fee”) payable to Domestic Administrative Agent for the account of Domestic Lenders, equal to the Pricing Margin, as in effect from time to time, per annum on the daily maximum amount available to be
drawn under such Standby Letter of Credit, in each case payable in arrears on and to (but excluding) each Quarterly Payment Date and computed on the basis of a 360-day year for the actual number of days elapsed; 

(ii) with respect to each Commercial Letter of Credit, (a) such fees and commissions as are mutually
agreed to by the Issuing Lender issuing such Commercial Letter of Credit and Company, payable directly to such Issuing Lender for its own account and at the times and calculated in the manner required by such Issuing Lender and (b) a letter of
credit fee payable to Domestic Administrative Agent for the account of Issuing Lenders, equal to 50% of the Pricing Margin, as in effect from time to time, per annum on the daily maximum amount available to be drawn under such Commercial Letter of
Credit, payable in arrears on and to (but excluding) each Quarterly Payment Date and computed on the basis of a 360-day year for the actual number of days elapsed; and 

(iii) with respect to the issuance, amendment or transfer of each Letter of Credit and each payment of a
drawing made thereunder (without duplication of the fees payable under clauses (i) and (ii) above), documentary and processing charges payable directly to such Issuing Lender for its own account and in accordance with such Issuing
Lender’s standard schedule for such charges in effect at the time of such issuance, amendment, transfer or payment of drawing, as the case may be. Upon request, the Issuing Bank shall deliver to Company a current schedule of all charges
described in this subsection. 
 Promptly upon receipt by Domestic Administrative Agent of any amount described in clause (i)(b)
of this subsection 3.2, Domestic Administrative Agent shall distribute to each other Domestic Lender its Domestic Pro Rata Share of such amount. 
  

	3.3	 Drawings and Reimbursement of Amounts Drawn Under Letters of Credit. 

A. Responsibility of Issuing Lender With Respect to Drawings. In determining whether to honor any drawing under any
Letter of Credit by the beneficiary thereof, the Issuing Lender shall be responsible only to use reasonable care to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they
substantially comply on their face with the requirements of such Letter of Credit. 

  
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 B. Reimbursement by Company of Amounts Drawn Under Letters of Credit.
In the event an Issuing Lender has determined to honor a drawing under a Letter of Credit issued by it, such Issuing Lender shall immediately notify Company that requested the issuance of such Letter of Credit and Domestic Administrative Agent, and
Company shall reimburse such Issuing Lender on or before the Business Day (the “Reimbursement Date”) immediately following the date on which such drawing is honored in an amount in Dollars (which amount, in the case of a drawing
under a Letter of Credit which is denominated in Canadian Dollars, shall be calculated in Dollar Equivalents as of the Reimbursement Date) and in same day funds equal to the amount of such drawing; provided that, anything contained in this
Agreement to the contrary notwithstanding, (i) unless Company shall have notified Domestic Administrative Agent and such Issuing Lender prior to 11:00 a.m. (New York time) on the date of such drawing that Company intends to reimburse such
Issuing Lender for the amount of such drawing with funds other than the proceeds of Loans, Company shall be deemed to have given a timely Notice of Borrowing to Domestic Administrative Agent requesting Domestic Lenders to make Loans that are
Domestic Base Rate Loans on the Reimbursement Date in an amount in Dollars (which amount, in the case of a drawing under a Letter of Credit which is denominated in Canadian Dollars, shall be the amount drawn in Canadian Dollars converted into Dollar
Equivalents) equal to the amount of such drawing and (ii) subject to satisfaction or waiver of the conditions specified in subsection 6.2B, Domestic Lenders shall, on the Reimbursement Date, make Domestic Base Rate Loans in the amount of such
drawing, the proceeds of which shall be applied directly by Domestic Administrative Agent to reimburse such Issuing Lender for the amount of such drawing; and provided, further that if for any reason proceeds of Loans are not received
by such Issuing Lender on the Reimbursement Date in an amount equal to the amount of such drawing, Company shall reimburse such Issuing Lender, on demand, in an amount in same day funds equal to the excess of the amount of such drawing over the
aggregate amount of such Loans, if any, which are so received. Nothing in this subsection 3.3B shall be deemed to relieve any Domestic Lender from its obligation to make Loans on the terms and conditions set forth in this Agreement, and Company
shall retain any and all rights it may have against any Domestic Lender resulting from the failure of such Domestic Lender to make such Loans under this subsection 3.3B. 

C. Payment by Domestic Lenders of Unreimbursed Drawings Under Letters of Credit. 

(i) Payment by Domestic Lenders. In the event that Company shall fail for any reason to reimburse
any Issuing Lender as provided in subsection 3.3B in an amount (calculated in Dollar Equivalents, in the case of a drawing under a Letter of Credit denominated in Canadian Dollars) equal to the amount of any drawing honored by such Issuing Lender
under a Letter of Credit issued by it, such Issuing Lender shall promptly notify each other Domestic Lender of the unreimbursed amount of such drawing and of such other Domestic Lender’s respective participation therein based on such Domestic
Lender’s Domestic Pro Rata Share. Each Domestic Lender shall make available to such Issuing Lender an amount equal to its respective participation, in Dollars and in same day funds, at the office of such Issuing Lender specified in such notice,
not later than 1:00 p.m. (New York time) on the first business day (under the laws of the jurisdiction in which such office of such Issuing Lender is located) after the date notified by such Issuing Lender. In the event that any Domestic Lender
fails to make available to such 

  
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Issuing Lender on such business day the amount of such Domestic Lender’s participation in such Letter of Credit as provided in this subsection 3.3C, such Issuing Lender shall be entitled to
recover such amount on demand from such Domestic Lender together with interest thereon at the rate customarily used by such Issuing Lender for the correction of errors among banks for three (3) Business Days and thereafter at the Domestic Base
Rate. Nothing in this subsection 3.3C shall be deemed to prejudice the right of any Domestic Lender to recover from any Issuing Lender any amounts made available by such Domestic Lender to such Issuing Lender pursuant to this subsection 3.3C in the
event that it is determined by the final judgment of a court of competent jurisdiction that the payment with respect to a Letter of Credit by such Issuing Lender in respect of which payment was made by such Domestic Lender constituted gross
negligence or willful misconduct on the part of such Issuing Lender. 
 (ii) Distribution to
Domestic Lenders of Reimbursements Received From Company. In the event any Issuing Lender shall have been reimbursed by other Domestic Lenders pursuant to subsection 3.3C(i) for all or any portion of any drawing honored by such Issuing Lender
under a Letter of Credit issued by it, such Issuing Lender shall distribute to each other Domestic Lender which has paid all amounts payable by it under subsection 3.3C(i) with respect to such drawing such other Domestic Lender’s Domestic Pro
Rata Share of all payments subsequently received by such Issuing Lender from Company in reimbursement of such drawing when such payments are received. Any such distribution shall be made to a Domestic Lender at its primary address set forth below
its name on the appropriate signature page hereof or at such other address as such Domestic Lender may request. 
  

	 	D.	 Interest on Amounts Drawn Under Letters of Credit. 

(i) Payment of Interest by Company. Company agrees to pay to each Issuing Lender, with respect to
drawings made under any Letters of Credit requested by Company and issued by such Issuing Lender, interest on the amount paid by such Issuing Lender in respect of each such drawing from the date of such drawing to but excluding the date such amount
is reimbursed by Company (including any such reimbursement out of the proceeds of Loans pursuant to subsection 3.3B) at a rate equal to (a) for the period from the date of such drawing to but excluding the Reimbursement Date, the rate then in
effect under this Agreement with respect to Domestic Base Rate Loans and (b) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Domestic Base Rate Loans.
Interest payable pursuant to this subsection 3.3D(i) shall be computed on the basis of a 365-day or 366-day year, as the case may be, for the actual number of days elapsed in the period during which it accrues and shall be payable on demand or, if
no demand is made, on the date on which the related drawing under a Letter of Credit is reimbursed in full. 
 (ii) Distribution of Interest Payments by Issuing Lender. Promptly upon receipt by any Issuing Lender of any payment of interest pursuant to subsection 3.3D(i) with respect to a drawing under a
Letter of Credit issued by it, (a) such Issuing Lender shall distribute to each other Domestic Lender, out of the interest received by such Issuing Lender in respect of the period from the date of such drawing to but excluding the

  
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date on which such Issuing Lender is reimbursed for the amount of such drawing (including any such reimbursement out of the proceeds of Loans pursuant to subsection 3.3B), the amount that such
other Domestic Lender would have been entitled to receive in respect of the letter of credit fee that would have been payable in respect of such Letter of Credit for such period pursuant to subsection 3.2 if no drawing had been made under such
Letter of Credit, and (b) in the event such Issuing Lender shall have been reimbursed by other Domestic Lenders pursuant to subsection 3.3C(i) for all or any portion of such drawing, such Issuing Lender shall distribute to each other Domestic
Lender which has paid all amounts payable by it under subsection 3.3C(i) with respect to such drawing such other Domestic Lender’s Domestic Pro Rata Share of any interest received by such Issuing Lender in respect of that portion of such
drawing so reimbursed by other Domestic Lenders for the period from the date on which such Issuing Lender was so reimbursed by other Domestic Lenders to and including the date on which such portion of such drawing is reimbursed by Company. Any such
distribution shall be made to a Domestic Lender at its primary address set forth below its name on the appropriate signature page hereof or at such other address as such Domestic Lender may request. 

 

	3.4	 Obligations Absolute. 

 The obligation of Company to reimburse each Issuing Lender for drawings made under the Letters of Credit requested by Company and issued by such Issuing Lender and to repay any Loans made by Domestic
Lenders pursuant to subsection 3.3B and the obligations of Domestic Lenders under subsection 3.3C(i) shall be unconditional and irrevocable and shall be paid strictly in accordance with the terms of this Agreement under all circumstances including,
without limitation, any of the following circumstances: 
 (i) any lack of validity or
enforceability of any Letter of Credit; 
 (ii) the existence of any claim, set-off, defense or
other right which Company or any Domestic Lender may have at any time against a beneficiary or any transferee of any Letter of Credit (or any Persons for whom any such transferee may be acting), any Issuing Lender or other Domestic Lender or any
other Person or, in the case of a Domestic Lender, against Company, whether in connection with this Agreement, the transactions contemplated herein or any unrelated transaction (including any underlying transaction between Company or one of its
Subsidiaries and the beneficiary for which any Letter of Credit was procured); 
 (iii) any
draft, demand, certificate or other document presented under any Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; 

(iv) payment by the applicable Issuing Lender under any Letter of Credit against presentation of a demand,
draft or certificate or other document which does not comply with the terms of such Letter of Credit; 
 (v) any adverse change in the business, operations, properties, assets, condition (financial or otherwise) of Company or any of its Subsidiaries; 

  
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 (vi) any breach of this Agreement or any other Loan Document
by any party thereto; 
 (vii) any other circumstance or happening whatsoever, whether or not
similar to any of the foregoing; or 
 (viii) the fact that an Event of Default or a Potential
Event of Default shall have occurred and be continuing; 
 provided, in each case, that payment by the applicable Issuing
Lender under the applicable Letter of Credit shall not have constituted gross negligence or willful misconduct of such Issuing Lender under the circumstances in question (as determined by a final judgment of a court of competent jurisdiction).

  

	3.5	 Indemnification; Nature of Issuing Lenders’ Duties. 

A. Indemnification. In addition to amounts payable as provided in subsection 5.1, Company hereby agrees to protect,
indemnify, pay and save harmless each Issuing Lender from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses (including reasonable fees, expenses and disbursements of counsel) which such Issuing Lender
may incur or be subject to as a consequence, direct or indirect, of (i) the issuance of any Letter of Credit by such Issuing Lender, other than as a result of (a) the gross negligence or willful misconduct of such Issuing Lender as
determined by a final judgment of a court of competent jurisdiction or (b) subject to the following clause (ii), the wrongful dishonor by such Issuing Lender of a proper demand for payment made under any Letter of Credit issued by it or
(ii) the failure of such Issuing Lender to honor a drawing under any such Letter of Credit as a result of any act or omission, whether rightful or wrongful, of any present or future de jure or de facto government or governmental authority (all
such acts or omissions herein called “Governmental Acts”). 
 B. Nature of Issuing
Lenders’ Duties. As between Company and any Issuing Lender, Company assumes all risks of the acts and omissions of, or misuse of the Letters of Credit issued by such Issuing Lender by, the respective beneficiaries of such Letters of Credit.
In furtherance and not in limitation of the foregoing, such Issuing Lender shall not be responsible for: (i) the form, validity, sufficiency, accuracy, genuineness or legal effect of any document submitted by any party in connection with the
application for and issuance of any such Letter of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged; (ii) the validity or sufficiency of any instrument transferring or
assigning or purporting to transfer or assign any such Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason; (iii) failure of the beneficiary
of any such Letter of Credit to substantially comply with any conditions required in order to draw upon such Letter of Credit; (iv) errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable,
telegraph, telex or otherwise, whether or not they be in cipher; (v) errors in interpretation of technical terms; (vi) any loss or delay in the transmission or otherwise of any document required in order to make a drawing under any such
Letter of Credit or of the proceeds thereof; (vii) the misapplication by the beneficiary of any such Letter of Credit of the proceeds of any drawing 

  
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under such Letter of Credit; or (viii) any consequences arising from causes beyond the control of such Issuing Lender, including without limitation any Governmental Acts, and none of the
above shall affect or impair, or prevent the vesting of, any of such Issuing Lender’s rights or powers hereunder. 
 In furtherance and extension and not in limitation of the specific provisions set forth in the first paragraph of this subsection 3.5B, any action taken or omitted by any Issuing Lender under or in
connection with the Letters of Credit issued by it or any documents and certificates delivered thereunder, if taken or omitted in good faith and without gross negligence, shall not put such Issuing Lender under any resulting liability to Company.

 Notwithstanding anything to the contrary contained in this subsection 3.5, Company shall retain any and all
rights it may have against any Issuing Lender for any liability arising solely out of (a) the gross negligence or willful misconduct of such Issuing Lender, as determined by a final judgment of a court of competent jurisdiction, or (b) the
wrongful dishonor by such Issuing Lender of a proper demand for payment made under any Letter of Credit issued by it except where such dishonor results from Governmental Acts. 

 

	Section 4.	ACCEPTANCES 

  

	4.1	 Acceptance Commitment. 

 In addition to requesting Canadian Loans pursuant to subsection 2.1A(ii), Canada Safeway may request pursuant to this Section 4, from time to time during the period from the Closing Date to but
excluding the Termination Date, that, under the Canadian Commitments, Canadian Lenders create bankers’ acceptances (each, an “Acceptance”) by accepting Drafts from Canada Safeway in an aggregate amount not exceeding each such
Canadian Lender’s Canadian Pro Rata Share of the aggregate amount of the Canadian Commitments to be used for the purposes identified in subsection 4.11; provided that Canada Safeway shall not request the creation and purchase of any
Acceptance if, after giving effect thereto, the Total Utilization of Canadian Commitments would exceed the Canadian Commitments then in effect, and no Canadian Lender shall have any obligation to create and purchase any Acceptance if, after giving
effect thereto, the Total Utilization of Canadian Commitments of such Canadian Lender would exceed its Canadian Commitment. 
 Each Drawing shall be in an aggregate Face Amount of not less than Cdn.$10,000,000 and in integral multiples of Cdn.$100,000 and shall consist of the creation and purchase of Acceptances by Canadian
Lenders on the same day in accordance with subsection 4.4, ratably in accordance with their respective Canadian Pro Rata Shares; provided that if apportionment of Acceptances among the Canadian Lenders cannot be made on a pro rata basis in
even multiples of Cdn.$100,000, Canadian Administrative Agent shall round the allocations among Canadian Lenders consistent with Canadian Administrative Agent’s money market practices. 

 

	4.2	 Drawing Notice. 

 Each Drawing shall be made on two (2) Business Days prior written notice specified in relation to Acceptances, given not later than 12:00 noon (Toronto time), by Canada

  
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Safeway to Canadian Administrative Agent, which shall give each Canadian Lender prompt notice thereof and of such Canadian Lender’s ratable portion of the aggregate Face Amount of the Drafts
to be accepted under the Drawing. Each such notice of a Drawing (a “Drawing Notice”) shall be given in substantially the form of Exhibit VIII annexed hereto or by telephone confirmed promptly in writing, containing the same
information as would be contained in a Drawing Notice, and shall specify therein (i) the Drawing Date; (ii) the aggregate Face Amount of Drafts to be accepted; (iii) the maturity date for such Drafts (it being agreed and understood
that Canada Safeway shall not request a maturity date for Drafts which would be subsequent to the Termination Date); and (iv) whether the Acceptances are to be delivered to or to the order of the applicable Borrower or to be purchased by the
Canadian Lenders. 
 Neither Canadian Administrative Agent nor any Canadian Lender shall incur any liability to
any Borrower in acting on the telephonic notice referred to above which Canadian Administrative Agent or such Canadian Lender believes in good faith to have been given by a duly authorized officer or other person authorized to borrow on behalf of
Canada Safeway or for otherwise acting in good faith under this Section 4, and upon the creation and purchase or delivery of Acceptances pursuant to any such telephonic notice, Canada Safeway shall be liable with respect thereto as provided
herein. 
 Each Drawing Notice shall be irrevocable and binding on Canada Safeway. Canada Safeway shall
indemnify each Canadian Lender against any loss or expense incurred by such Canadian Lender as a result of any failure by Canada Safeway to fulfill or honor before the date specified for any Drawing, the applicable conditions set forth in this
Section 4 or subsection 6.4, if the Drawing, as a result of such failure, is not made on such date. 
  

	4.3	 Form of Acceptances. 

 Each Draft presented by Canada Safeway shall (i) be in an integral multiple of Cdn.$1,000; (ii) be dated the date of the Drawing; (iii) mature and be payable by Canada Safeway (in common
with all other Drafts presented in connection with such Drawing) on a Business Day which occurs approximately 30, 60, 90, 120 or 180 days after the date thereof or such shorter period than 180 days as agreed by Canada Safeway and such Canadian
Lender or Canadian Administrative Agent; (iv) be substantially in the form of Exhibit X annexed hereto or such other form as may be agreed by Canada Safeway and such Canadian Lender or Canadian Administrative Agent; and (iv) be
otherwise consistent with the provisions of this Agreement relating to the amounts and maturity dates thereof. The acceptance endorsed by a Canadian Lender on any Draft shall be substantially in the form of Exhibit IX annexed hereto or such
other form as may be agreed by Canada Safeway and such Canadian Lender or Canadian Administrative Agent. 

Canada Safeway hereby renounces, and shall not claim, any days of grace for the payment of any Acceptances. 

 

	4.4	 Acceptance and Purchase or Delivery of Drafts. 

Not later than 11:00 a.m. (Toronto time) on an applicable Drawing Date, each Canadian Lender shall complete one or more
Drafts dated the date of such Drawing, with the 

  
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maturity date specified in the applicable Drawing Notice, accept such Drafts, and following fulfillment of any applicable conditions and as specified in the applicable Drawing Notice either
(a) purchase the Acceptances thereby created for the Drawing Purchase Price or (b) deliver such Acceptances as provided below. 
 Canada Safeway shall, not later than 10:30 a.m. (Toronto time) on the applicable Drawing Date, notify Canadian Administrative Agent of such Borrower’s delivery instructions for the Acceptances to be
delivered to it in accordance with the applicable Drawing Notice and pay to Canadian Administrative Agent, for distribution to the Canadian Lenders in accordance with their Canadian Pro Rata Shares, the Drawing Fees relating thereto. The Canadian
Lenders shall promptly deliver such Acceptances in accordance with such instructions. 
 Canada Safeway shall
pay Drawing Fees in respect of Acceptances by deposit of the required funds to Canadian Administrative Agent at its Canadian Funding and Payment Office. On receipt of those payments, Canadian Administrative Agent will promptly thereafter cause those
Drawing Fees to be distributed in like funds to the applicable Canadian Lender for its account. 
 The failure
of any Canadian Lender to create and purchase or deliver Acceptances as part of any Drawing shall not relieve such Canadian Lender of its obligation, if any, to create and purchase or deliver Acceptances hereunder, but a Canadian Lender shall not be
responsible for the failure of any other Canadian Lender to create and purchase or deliver Acceptances on the Drawing Date for any Drawing. 
  

	4.5	 Payment of the Drawing Purchase Price. 

Subject to subsection 4.2 and satisfaction of the conditions set forth in subsection 6.4, each Canadian Lender shall,
before 12:00 noon (Toronto time) on the applicable Drawing Date, pay or cause to be paid the Drawing Purchase Price in respect of any Acceptances to be purchased by such Canadian Lender by depositing or causing to be deposited such amount to such
account maintained by Canadian Administrative Agent at its Canadian Funding and Payment Office as shall have been notified to such Canadian Lender by Canadian Administrative Agent, in Canadian Dollars in same day funds. Promptly upon receipt of such
funds, Canadian Administrative Agent shall make such funds available to Canada Safeway by debiting such account (or causing such account to be debited), and (a) by crediting Canada Safeway’s account, as specified by Canada Safeway in
writing to Canadian Administrative Agent prior thereto, maintained by Canadian Administrative Agent at its Canadian Funding and Payment Office (or causing such account to be credited) with like funds in the aggregate amount of such funds or
(b) by wiring such funds in such amount to the account of Canada Safeway with another financial institution specified prior thereto by Canada Safeway in writing to Canadian Administrative Agent. 

Acceptances purchased by a Canadian Lender hereunder may be held by it for its own account until maturity or sold by it
at any time prior thereto in any relevant market therefor in Canada, in such Canadian Lender’s sole discretion. 

  
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	4.6	 Average Effective Discount Rate Determination. 

At least two Schedule I Reference Banks or Schedule II/Schedule III Reference Banks (or, if there is only one Schedule
II/Schedule III Reference Bank, such Schedule II/Schedule III Reference Bank), as the case may be, agree to furnish to Canadian Administrative Agent timely information for the purpose of determining each Average Effective Discount Rate. If no two
Schedule I Reference Banks or Schedule II/Schedule III Reference Banks (or, if there is only one Schedule II/Schedule III Reference Bank, such Schedule II/Schedule III Reference Bank) furnish such information to Canadian Administrative Agent,
Canadian Administrative Agent shall determine such Average Effective Discount Rate on the basis of timely information furnished by any single Schedule I Reference Bank or Schedule II/Schedule III Reference Bank, as applicable. 

Canadian Administrative Agent shall give prompt notice to Borrowers and Canadian Lenders of each Average Effective
Discount Rate determined by Canadian Administrative Agent for an applicable Drawing Date and the applicable discount rates, if any, furnished by each Schedule I Reference Bank or each Schedule II/Schedule III Reference Bank, as applicable, for
determining any applicable Average Effective Discount Rate. 
  

	4.7	 Acceptance Payment Obligations. 

A. General Obligation. Canada Safeway unconditionally hereby agrees to pay to Canadian Administrative Agent for the
account of each Canadian Lender, on the maturity date for each Acceptance an amount in Canadian Dollars in same day funds equal to the Face Amount of such then-maturing Acceptance. 

B. Payment at Maturity. The obligation of Canada Safeway set forth in subsection 4.7A to pay to Canadian
Administrative Agent the Face Amount of any then-maturing Acceptance may be satisfied by paying to Canadian Administrative Agent at or before 12:00 noon (Toronto time) on the maturity date for such Acceptance an amount in Canadian Dollars in same
day funds equal to the Face Amount of such Acceptance; provided that Canada Safeway shall have given not less than one (1) Business Day’s prior notice to Canadian Administrative Agent (which shall promptly notify each Canadian
Lender thereof) of its intent to pay Canadian Administrative Agent in the manner contemplated by this sentence. Canada Safeway shall make each payment hereunder in respect of Acceptances by deposit of the required funds to Canadian Administrative
Agent at the Canadian Funding and Payment Office. Upon receipt of such payment, Canadian Administrative Agent will promptly thereafter cause such payment to be distributed in like funds in payment of Acceptances ratably (based on the proportion that
the aggregate Face Amount of Acceptances accepted by any Canadian Lender maturing on the relevant date bears to the aggregate Face Amount of Acceptances accepted by all Canadian Lenders maturing on such date) to Canadian Lenders for their account.
Such payment to Canadian Administrative Agent shall satisfy Canada Safeway’s obligations under any Acceptances to which it relates and each Canadian Lender that has accepted such Acceptances shall thereafter be solely responsible for the
payment of such Acceptances. 
 C. Rollover. The obligation of Canada Safeway set forth in subsection
4.7A to pay to Canadian Administrative Agent the Face Amount of any then-maturing Acceptance may be 

  
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satisfied by Canada Safeway requesting that new Drafts be accepted and discounted by the Canadian Lenders in the manner contemplated by Section 4 in substitution for any then-maturing
Acceptance; provided that no Potential Event of Default or Event of Default shall have occurred and be continuing and Canada Safeway shall have delivered to Canadian Administrative Agent (which shall promptly provide a copy thereof to each
Canadian Lender) a duly completed Drawing Notice not later than 12:00 noon (Toronto time) one (1) Business Day prior to such maturity date, together with any other documents, instruments, certificates and other information contemplated by
Section 4. 
 D. Conversion. In the event Canada Safeway does not or cannot for any reason comply
with the provisions of subsections 4.7B or 4.7C with respect to the obligation of Canada Safeway set forth in subsection 4.7A to pay to Canadian Administrative Agent the Face Amount of any then-maturing Acceptance, the unpaid amount due and payable
in respect thereof shall be converted as of such date, and without any necessity for Canada Safeway to give a Notice of Borrowing in accordance with subsection 2.1B, to, and thereafter be outstanding as, a Canadian Prime Rate Loan made by Canadian
Lenders in accordance with their Canadian Pro Rata Shares and shall bear interest calculated and payable as provided in subsection 2.2. 
  

	4.8	 Power of Attorney in Favor of Canadian Lenders. 

Canada Safeway hereby appoints each Canadian Lender, acting by any authorized signatory of such Canadian Lender, the
attorney of Canada Safeway: 
 (a) to execute, for and on behalf and in the same name of Canada
Safeway as drawer, and to endorse on its behalf, drafts in a form in accordance with subsection 4.3 and which constitute depository bills for the purpose of the DBNA; 

(b) to complete the amount, date and maturity of such Acceptances; and 

(c) to deposit such Acceptances that have been accepted by such Canadian Lender with a clearing house (as
defined in the DBNA); 
 provided that such acts in each case are undertaken by such Canadian Lender in accordance with
instructions given to such Canadian Lender by Canada Safeway as provided in this subsection 4.8. For certainty, signatures of any authorized signatory of such Canadian Lender may be mechanically reproduced in facsimile on Acceptances issued in
accordance with this subsection 4.8 and such facsimile signatures will be binding and effective as if they had been manually executed by such authorized signatory of such Canadian Lender. Instructions from Canada Safeway to such Canadian Lender
relating to the execution, completion, endorsement, discount and/or delivery by such Canadian Lender on behalf of Canada Safeway of Acceptances will be communicated by delivery of a Drawing Notice to Canadian Administrative Agent. 

 

	4.9	 Circumstances Making Acceptances Unavailable. 

If Canadian Administrative Agent determines in good faith, which determination shall be final, conclusive and binding upon
Canada Safeway, and notifies Canada Safeway and 

  
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each Canadian Lender that, by reason of circumstances affecting the money market (i) there is no market for Acceptances; or (ii) the demand for Acceptances is insufficient to allow the
sale or trading of the Acceptances created and purchased hereunder; then: 
 (a) the right of
Canada Safeway to request a Drawing shall be suspended until Canadian Administrative Agent determines that the circumstances causing such suspension no longer exist and Canadian Administrative Agent so notifies Canada Safeway; and 

(b) any Drawing Notice which is outstanding shall be cancelled and the Drawing requested therein shall not
be made. 
 Canadian Administrative Agent shall promptly notify Canada Safeway of the suspension of its right to
request a Drawing and of the termination of any such suspension. 
  

	4.10	 Prepayments. 

 Except as required or permitted by subsection 2.4A(iii) or Section 10, no repayment of an Acceptance shall be made by Canada Safeway to a Canadian Lender prior to the maturity date thereof. Any such
repayment, made as required by subsection 2.4A(iii) or Section 10, shall be made (unless such repayment has been rescinded or otherwise is required to be returned by such Canadian Lender to Canada Safeway for any reason) in accordance with the
provisions of subsection 4.7B. Any such payment by Canada Safeway to Canadian Administrative Agent shall satisfy Canada Safeway’s obligations under the Acceptance to which it relates and any such Canadian Lender which has accepted such
Acceptance shall thereafter be solely responsible for the payment of such Acceptance and shall indemnify and hold Canada Safeway harmless against any liabilities, costs or expenses incurred by Canada Safeway as a result of any failure by such
Canadian Lender to pay such Acceptance in accordance with its terms. 
  

	4.11	 Use of Proceeds of Loans and Acceptance Facility. 

The proceeds of any Acceptance created under this Section 4 shall be used in the manner and for the purposes set
forth in subsection 2.5A with respect to the use of proceeds of Loans. 
  

	Section 5.	INCREASED COSTS, TAXES, CAPITAL ADEQUACY, AND MITIGATION 

  

	5.1	 Increased Costs; Taxes; Capital Adequacy. 

A. Compensation for Increased Costs and Taxes. Subject to the provisions of subsection 5.1B, in the event that any
Lender shall determine (which determination shall, absent manifest or demonstrable error, be final and conclusive and binding upon all parties hereto) that any Change in Law: 

(i) subjects such Lender (or its applicable lending office) to any Tax with respect to this Agreement or
any of its obligations hereunder (including, without 

  
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limitation, its obligation to make Loans, issue or participate in Letters of Credit, or accept Drafts and purchase the Acceptances thereby created), changes the basis of taxation applicable to
any payments to such Lender (or its applicable lending office) of in respect thereof (except for Indemnified Taxes or Other Taxes covered by subsection 5.1B and the imposition of, or any change in the rate of, any Excluded Tax payable by such
Lender or the Issuing Lender); 
 (ii) imposes, modifies or holds applicable any reserve
(including without limitation any marginal, emergency, supplemental, special or other reserve), special deposit, compulsory loan, FDIC insurance or similar requirement (including, without limitation, any such requirement imposed under the Bank Act
(Canada) with respect to Canadian Eurodollar Rate Loans, but excluding any such reserve or other requirements that are reflected in the definition of Adjusted Eurodollar Rate with respect to Domestic Eurodollar Rate Loans or that are reflected in
the definition of Adjusted Eurodollar Rate with respect to Canadian Eurodollar Rate Loans) against assets held by, or deposits or other liabilities in or for the account of, or advances or loans by, or other credit extended by, or any other
acquisition of funds by, any office of such Lender (including, without limitation, the Commitments, Loans, Letters of Credit or participations in Letters of Credit and Acceptances of such Lender); or 

(iii) imposes any other condition (other than with respect to a Tax matter) on or affecting such Lender
(or its applicable lending office) or its obligations hereunder, its Loans, its Letters of Credit and participations therein, its Acceptances or the interbank Eurodollar market; 

and the result of any of the foregoing is (1) to increase the cost to such Lender of agreeing to make, making or maintaining Loans
hereunder, (2) to increase the cost to such Lender of agreeing to issue, issuing or maintaining any Letter of Credit or agreeing to purchase, purchasing or maintaining any participation therein, (3) to increase the cost to such Lender of
agreeing to accept Drafts and to purchase and maintain the Acceptances created thereby, or (4) to reduce any amount received or receivable by such Lender (or its applicable lending office) with respect to its Loans, Letters of Credit and
participations therein and its Acceptances; then, in any such case, Borrowers shall promptly pay to such Lender, upon receipt of the statement referred to in the next sentence, such additional amount or amounts (in the form of an increased rate of,
or a different method of calculating, interest or otherwise as such Lender in its sole discretion shall determine) as may be necessary to compensate such Lender for any such increased cost or reduction in amounts received or receivable hereunder;
provided that such Lender shall not be entitled to avail itself of the benefits of this subsection 5.1A to the extent that any such increased cost or reduction was incurred more than six months prior to the time it gives notice to Borrowers
unless such circumstances arose or became applicable retrospectively, in which case no time limit shall apply (provided such Lender has notified the applicable Borrower within six months from the date such circumstance arose or became applicable).
Such Lender shall deliver to Borrowers (with a copy to the applicable Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to such Lender under this subsection 5.1A,
which statement shall be conclusive and binding upon all parties hereto absent manifest or demonstrable error. 

  
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	 	B.	 Taxes. 

 (i) Except as otherwise required by law, all payments by or on account of an obligation of any Borrower to any Lender or the Administrative Agent under this Agreement and the other Loan Documents shall be
made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes. If any Borrower or any other Person is required by applicable law to deduct any Taxes (including any Other Taxes) from any such payment, then
(a) in the case of 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) Administrative
Agent or Lender, as the case may be, receives an amount equal to the sum it would have received had no deductions of Indemnified Taxes or Other Taxes been made, (b) such Borrower or other Person shall make all such deductions, (c) such
Borrower or other Person shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law, and (d) within 30 days after such payment, such Borrower shall deliver to each Primary Agent evidence
reasonably satisfactory to the other affected parties of such payment and of the remittance thereof to the relevant Governmental Authority. 
 (ii) In the event any Borrower is required to pay any amount under clauses (i)(b) or (i)(c) above, such Borrower may do so under protest and may contest the imposition or amount of any Tax giving
rise to such payment, and each Lender agrees, at such Borrower’s cost and expense, to cooperate with and assist such Borrower in any proceeding related to any such contest. 

(iii) Without limiting the provisions of paragraph (i) above, Borrowers shall timely pay any Other
Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (iv) Borrowers
shall jointly and severally indemnify each Administrative Agent and each Lender, within ten (10) days after 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 subsection 5.1B) paid by such 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; provided that Company shall not have any obligation to any Lender or any Administrative Agent pursuant
to this subsection 5.1B with respect to any penalties, interest and other liabilities attributable to any Indemnified Taxes or Other Taxes to the extent such amounts arise solely from the gross negligence, willful misconduct or material breach of
the obligations under the Agreement and other Loan Documents, of that Lender or Administrative Agent as determined by a final judgment of a court of competent jurisdiction. A certificate as to the amount of such payment or liability delivered to a
Borrower by a Lender (with a copy to such Administrative Agent), or by such Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 

  
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 (v) Status of Lenders. Unless not legally entitled to do so:

 (a) any Lender that is entitled to an exemption from or reduction of withholding tax under the
law of the jurisdiction in which a Borrower is resident for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments hereunder or under any other Loan Document shall deliver to such Borrower (with a copy to the
applicable Administrative Agent), on or prior to the date on which such Lender becomes a Lender under this Agreement (including pursuant to an assignment) and thereafter at the time or times prescribed by applicable law or reasonably requested by
such Borrower or such Administrative Agent, such properly completed and executed documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate of withholding; provided, however,
that in such Lender’s reasonable judgment such completion, execution or submission would not have material adverse legal, economic or regulatory consequences to such Lender. In addition, any Lender, if requested by each Borrower or the
applicable Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by such Borrower or such Administrative Agent as will enable such Borrower or such Administrative Agent to determine whether
or not such Lender is subject to backup withholding or information reporting requirements; provided, however, that in such Lender’s reasonable judgment such completion, execution or submission would not have material adverse legal,
economic or regulatory consequences to such Lender; 
 (b) without limiting the generality of the
foregoing, with respect to payments due hereunder or under any of the Loan Documents by a US Borrower, each Lender shall deliver to such US Borrower and Domestic Administrative Agent (in such number of copies as shall be requested by the recipient)
on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the request of Borrowers or Domestic Administrative Agent, but only if such Lender is legally entitled to do so), whichever of
the following is applicable: 
 (1) two (2) properly completed and duly executed copies of
Internal Revenue Service Form W-8BEN (or any successor form) claiming eligibility for benefits of an income tax treaty to which the United States of America is a party, 

(2) two (2) properly completed and duly executed copies of Internal Revenue Service Form W-8ECI (or
any successor form), 
 (3) in the case of a Lender claiming the benefits of the exemption for
portfolio interest under section 881(c) of the Code, (x) a certificate to the effect that such Lender is not (A) a “bank” within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of
such US Borrower within the meaning of section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” 

  
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described in section 881(c)(3)(C) of the Code and (y) two (2) properly completed and duly executed copies of Internal Revenue Service Form W-8BEN (or any successor form), 

(4) if required to establish an exemption from United States backup withholding tax, two
(2) properly completed and duly executed copies of Internal Revenue Service Form W-9 (or any successor form); 
 (c) without limiting the generality of the foregoing, with respect to payments due hereunder or under any of the Loan Documents by a US Borrower, any Lender that has provided forms pursuant to clauses
(1) through (3) of subsection 5.1B(v)(b) and that does not act or ceases to act for its own account with respect to any portion of any sums paid or payable to such Lender under any of the Loan Documents (for example, in the case of a
typical participation by such Lender) shall deliver to such US Borrower and Administrative Agent (in such number of copies as shall be requested by the recipient), on or prior to the date such Lender becomes a Lender, or on such later date when such
Lender ceases to act for its own account with respect to any portion of any such sums paid or payable, and from time to time thereafter, as may be necessary in the determination of such US Borrower or Administrative Agent (each in the reasonable
exercise of its discretion), duly executed and properly completed copies of the forms and statements required to be provided by such Lender under clauses (1) through (3) of subsection 5.1B(v)(b), to establish the portion of any such sums
paid or payable with respect to which such Lender acts for its own account and may be entitled to an exemption from or a reduction of the applicable Tax; 

(d) with respect to payments due hereunder or under any of the Loan Documents by a US Borrower, each
Lender shall deliver to such US Borrower and Domestic Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time
thereafter upon the request of Borrowers or Domestic Administrative Agent, but only if such Lender is legally entitled to do so), any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in withholding or
backup withholding Tax properly completed and duly executed together with such supplementary documentation as may be prescribed by applicable law to permit each Borrower to determine the withholding or deduction required to be made; and 

(e) each non-U.S. Lender shall deliver to the applicable Borrower and the Administrative Agent at the time
or times prescribed by law and at such time or times reasonably requested by the applicable Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code)
and such additional documentation reasonably requested by the applicable Borrower or the Administrative Agent as may be necessary for the applicable Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine
that such Lender 

  
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has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. 

(vi) Each Lender shall severally indemnify the applicable Administrative Agent, within 10 days after
demand therefor, for any Taxes attributable to such Lender or Issuing Lender that are payable or paid by the applicable Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto,
whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the nature and amount of such payment or liability delivered to any Lender by the applicable Administrative Agent
shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agents to set off and apply any and all amounts at any time owing to such Lender, as the case may be, under this Agreement or any other Loan Document against
any amount due to any Administrative Agent under this subsection 5.1B(vi). The agreements in this subsection 5.1B(vi) shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a
Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. 
 (vii) Treatment of Certain Refunds. If an Administrative Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been
indemnified by a Borrower or with respect to which a Borrower has paid additional amounts pursuant to this Section, it shall pay to such Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional
amounts paid, by such Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of such Administrative Agent or such Lender, and without interest (other than any interest paid
by the relevant Governmental Authority with respect to such refund), provided that such Borrower, upon the request of such Administrative Agent or such Lender, agrees to repay the amount paid over to such Borrower (plus any penalties, interest or
other charges imposed by the relevant Governmental Authority) to such Administrative Agent or such Lender in the event such Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. This paragraph shall not
be construed to require any Administrative Agent or any Lender to make available its tax returns (or any other information that it deems confidential) to a Borrower or any other Person. 

C. Capital Adequacy Adjustment. If any Lender shall have determined that the adoption, effectiveness, phase-in or
applicability after the date hereof of any law, rule or regulation (or any provision thereof) regarding capital adequacy (excluding those published as of the Closing Date but scheduled to take effect thereafter), or any change therein or in the
interpretation or administration thereof by any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Lender or any corporation controlling such Lender (or its
applicable lending office) with any guideline, request or directive regarding capital adequacy (whether or not having the force of law) of any such governmental authority, central bank or comparable agency, has or would have the effect of reducing
the rate of return on the capital of such Lender or such controlling 

  
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corporation as a consequence of, or with reference to, such Lender’s Domestic Loans, Domestic Commitment or Letters of Credit or participations therein or other obligations hereunder with
respect to the Domestic Loans or the Letters of Credit, in the case of any Domestic Lender, or such Lender’s Canadian Loans, Canadian Commitment or Acceptances or other obligations hereunder with respect to the Canadian Loans, or Acceptances,
in the case of a Canadian Lender, to a level below that which such Lender or such controlling corporation could have achieved but for such adoption, effectiveness, phase-in, applicability, change or compliance (taking into consideration the policies
of such Lender or such controlling corporation with regard to capital adequacy), then from time to time, within 15 Business Days after receipt by Company from such Lender of the statement referred to in the next sentence, Company (in the case of any
such statement received from a Domestic Lender) or Borrowers (in the case of any such statement receive from a Canadian Lender) shall pay to such Lender such additional amount or amounts as will compensate such Lender or such controlling corporation
on an after-tax basis for such reduction; provided no Lender shall be entitled to avail itself of the benefit of this subsection 5.1C to the extent that any such reduction in return was incurred more than six months prior to the time it first
makes a demand therefor, unless the circumstance giving rise to such reduced return arose or became applicable retrospectively, in which case no time limit shall apply (provided that such Lender has notified Borrowers within six months from the date
such circumstances arose or became applicable). Each Lender, upon determining in good faith that any additional amounts will be payable pursuant to this subsection 5.1C, will give prompt written notice thereof to Borrowers, which notice shall set
forth in reasonable detail the basis of the calculation of such additional amounts, which statement shall be conclusive and binding upon all parties hereto absent manifest or demonstrable error. 

 

	5.2	 Obligation of Lenders and Issuing Lenders to Mitigate. 

Each Lender and Issuing Lender agrees that, as promptly as practicable after the officer of such Lender or Issuing Lender
responsible for administering the Loans, or Acceptances of such Lender or Letters of Credit of such Issuing Lender, as the case may be, becomes aware of the occurrence of an event or the existence of a condition that would cause such Lender to
become an Affected Lender or that would entitle such Lender or Issuing Lender to receive payments under subsection 5.1 it will, to the extent not inconsistent with the internal policies of such Lender or Issuing Lender and any applicable legal or
regulatory restrictions, use reasonable efforts (i) to make, issue, fund or maintain the Commitment of such Lender or the affected Loans, Acceptances or Letters of Credit of such Lender or Issuing Lender through another lending or letter of
credit office of such Lender or Issuing Lender, or (ii) take such other measures as such Lender or Issuing Lender may deem reasonable, if as a result thereof the circumstances which would cause such Lender to be an Affected Lender would cease
to exist or the additional amounts which would otherwise be required to be paid to such Lender or Issuing Lender pursuant to subsection 5.1 would be materially reduced and if, as determined by such Lender or Issuing Lender in its sole discretion,
the making, issuing, funding or maintaining of such Commitment, Loans, Acceptances or Letters of Credit through such other lending or letter of credit office or in accordance with such other measures, as the case may be, would not otherwise
materially adversely affect such Commitment, Loans, Acceptances or Letters of Credit or the interests of such Lender or Issuing Lender; provided that such Lender or Issuing Lender will not be obligated to utilize such other lending or letter
of credit office pursuant to this subsection 5.2 unless Company (in the case of any Domestic Lender) or each Borrower (in the 

  
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case of any Canadian Lender) agrees to pay all reasonable expenses incurred by such Lender or Issuing Lender as a result of utilizing such other lending or letter of credit office as described in
clause (i) above. A certificate as to the amount of any such expenses payable by Company or Borrowers pursuant to this subsection 5.2 (setting forth in reasonable detail the basis for requesting such amount) submitted by such Lender or Issuing
Lender to Company (with a copy to the applicable Administrative Agent) shall be conclusive absent manifest or demonstrable error. 
  

	5.3	 Replacement of Lenders. 

 In the event (i) any Borrower is required under the provisions of subsection 2.6C or 5.1 to make payments to any Lender, (ii) any Lender refuses to consent to a proposed amendment, modification,
waiver, discharge, consent or termination with respect to this Agreement which has been approved by the Requisite Lenders as provided in the first sentence of subsection 13.6A, or (iii) any Lender is a Defaulting Lender, (x) such Borrower
may within 120 days after the date of any notice or demand requiring such payment under subsection 2.6C or 5.1 is given and so long as no Event of Default shall have occurred and be continuing, in the case of clause (i) above, and
(y) subject to subsection 13.6B, Company may at any time, so long as no Event of Default shall have occurred and be continuing, in the case of clause (ii) or (iii) above, elect to terminate such Lender (and, if such Lender is a
Canadian Lender having a U.S. Affiliate, such U.S. Affiliate) as a party (or parties) to this Agreement; provided that, concurrently with such termination, (i) each Borrower shall pay that Lender (and any U.S. Affiliate of such Lender,
if any), without duplication, all principal, interest and fees and other amounts (including, without limitation, amounts, if any, owed under subsections 5.1 or 2.6D) owed to such Lender (and any such U.S. Affiliate) through such date of termination,
(ii) another Lender or Eligible Assignee shall agree, as of such date, in accordance with the provisions of subsection 13.1, to become a Lender for all purposes under this Agreement (whether by assignment or amendment, if necessary) and to
assume all obligations of the Lender to be terminated as of such date and (iii) all documents and supporting materials necessary, in the judgment of such Administrative Agent to evidence the substitution of such Lender shall have been received
and approved by the applicable Administrative Agent as of such date. 
  

	Section 6.	CONDITIONS TO LOANS, LETTERS OF CREDIT AND ACCEPTANCES 

  

	6.1	 Conditions to Closing. 

 The obligations of Lenders to extend any credit hereunder on the Closing Date are, in addition to the conditions precedent specified in subsection 6.2, subject to prior or concurrent satisfaction of the
following conditions: 
 A. Borrower Documents. On or before the Closing Date, each Borrower shall
deliver or cause to be delivered to Lenders (or to Domestic Administrative Agent for Lenders with sufficient copies, where appropriate, for each Lender) the following, each, unless otherwise noted, dated the Closing Date: 

  
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 (i) Certified copies of its Articles or Certificate of
Incorporation, together with a good standing certificate from the Secretary of State (or comparable official) of its jurisdiction of incorporation, each dated a recent date prior to the Closing Date; 

(ii) Copies of its Bylaws, certified as of the Closing Date by its corporate secretary or an assistant
secretary; 
 (iii) Resolutions of its Board of Directors approving and authorizing the
execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party, certified as of the Closing Date by its corporate secretary or an assistant secretary as being in full force and effect without modification
or amendment; 
 (iv) Signature and incumbency certificates of its officers executing this
Agreement and the other Loan Documents to which it is a party; and 
 (v) Executed copies of the
Loan Documents to which such Person is a party. 
 B. Opinions of Company’s Counsel. On or before
the Closing Date, Company shall deliver or cause to be delivered to Lenders (or to Domestic Administrative Agent for Lenders with sufficient copies for each Lender) (i) executed copies of one or more favorable written opinions of
Latham & Watkins LLP, special counsel for Company, Robert A. Gordon, Esq., Senior Vice President and General Counsel for Company, Parlee McLaws LLP, counsel for Canada Safeway, and M. Bruce Bowman, Esq., General Counsel for Canada Safeway,
each in form and substance reasonably satisfactory to Joint Bookrunners, the Administrative Agents and their counsel, dated as of the Closing Date and covering such matters as Joint Bookrunners and Administrative Agents acting on behalf of Lenders
may reasonably request and (ii) evidence satisfactory to Joint Bookrunners and Administrative Agents that Company has requested such counsel to deliver such opinions to Lenders. 

C. Fees. Company shall have paid the fees payable on the Closing Date referred to in subsection 2.3. 

D. Repayment of Obligations under Existing Credit Agreement. On or before the Closing Date, Borrowers shall have
paid in full all amounts outstanding under the Existing Credit Agreement and shall have terminated all commitments of the lenders thereunder (except with respect to the Existing Company Letters of Credit issued pursuant to the Existing Credit
Agreement, which shall remain issued notwithstanding the termination of all commitments thereunder). Without affecting the terms of the Existing Credit Agreement which expressly survive the termination of the Existing Credit Agreement, each Lender
party to the Existing Credit Agreement hereby waives any requirement of advance notice of termination required under the Existing Credit Agreement and hereby agrees that the Existing Credit Agreement and the commitments thereunder shall terminate
simultaneously with or before the satisfaction by Borrowers of the conditions to closing set forth in this subsection 6.1. 
 E. No Material Adverse Effect. Since January 1, 2011, no event shall have occurred, and no condition shall have developed and persist, that could, in the reasonable opinion of Requisite
Lenders have a Material Adverse Effect other than as disclosed to Lenders in Company’s public filings with the SEC prior to the date hereof. 

  
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 F. Representations and Warranties. Each Borrower shall have delivered
to Administrative Agents an Officers’ Certificate, in form and substance satisfactory to Joint Bookrunners and Administrative Agents, to the effect that the representations and warranties of such Borrower in Section 7 hereof are true,
correct and complete in all material respects on and as of the Closing Date to the same extent as though made on and as of that date. 
 G. Existing Company Letters of Credit. All accrued and outstanding fees as of the Closing Date with respect to the Existing Company Letters of Credit shall have been paid to the applicable Lender
to which such fees are payable pursuant to the terms governing such Existing Company Letters of Credit prior to the Closing Date. 
  

	6.2	 Conditions to All Loans. 

 The obligations of Lenders to make Loans on each Funding Date are subject to the following further conditions precedent: 

A. Each Administrative Agent shall have received before that Funding Date, in accordance with the provisions of
subsection 2.1B, an executed Notice of Borrowing, in each case signed by any executive officer or vice president of the applicable Borrower (each such person being an “Authorized Officer”). 

B. As of that Funding Date: 

(i) The representations and warranties contained herein and in the other Loan Documents shall be true,
correct and complete in all material respects on and as of that Funding Date to the same extent as though made on and as of that date, except to the extent that such representations and warranties specifically relate to an earlier date, in which
case, such representations and warranties shall be true, correct and complete in all material respects on and as of such earlier date; and 
 (ii) No event shall have occurred and be continuing or would result from the consummation of the borrowing contemplated by such Notice of Borrowing that would constitute an Event of Default or a Potential
Event of Default. 
  

	6.3	 Conditions to Letters of Credit. 

The issuance of any Letter of Credit hereunder (whether or not the applicable Issuing Lender is obligated to issue such
Letter of Credit) is subject to the following conditions precedent: 
 A. On or before the date of
issuance of the initial Letter of Credit pursuant to this Agreement, all conditions precedent described in subsection 6.1 shall have been satisfied. 
 B. On or before the date of issuance of such Letter of Credit, Domestic Administrative Agent shall have received, in accordance with the provisions of subsection 3.1B(i), an executed Notice of
Issuance of Letter of Credit, in each case signed by an Authorized Officer, together with all other information specified in subsection 3.1B(i) and such other 

  
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documents, agreements or information as the applicable Issuing Lender may reasonably require in connection with the issuance of such Letter of Credit. 

C. On the date of issuance of such Letter of Credit, all conditions precedent described in subsection 6.2B shall
be satisfied to the same extent as if the issuance of such Letter of Credit were the making of a Loan and the date of issuance of such Letter of Credit were a Funding Date. 

 

	6.4	 Conditions to Acceptances. 

The creation of any Acceptance hereunder is subject to the following conditions precedent: 

A. On or before the date of the initial creation of any Acceptance pursuant to this Agreement, all conditions
precedent described in subsection 6.1 shall have been satisfied. 
 B. On or before the date of the
creation of any Acceptance, Canadian Administrative Agent shall have received, in accordance with the provisions of subsection 4.2, an executed Drawing Notice, in each case signed by any executive officer or vice president of Canada Safeway and
acknowledged by any Authorized Officer of Company. 
 C. On the date of the creation of any Acceptance,
all conditions precedent described in subsection 6.2B shall be satisfied to the same extent as if the creation of such Acceptance were the making of a Loan and the Drawing Date were a Funding Date. 

 

	Section 7.	BORROWERS’ REPRESENTATIONS AND WARRANTIES 

 In order to induce Lenders to enter into this Agreement, to make the Loans and/or create any Acceptance, to induce Issuing Lenders to issue Letters of Credit and to induce other Domestic Lenders to
purchase participations therein, each Borrower represents and warrants to each Lender (which representations and warranties in the case of Canada Safeway shall be limited to Canada Safeway and its Subsidiaries and shall exclude the representations
and warranties set forth in subsections 7.9 and 7.12), on the date of this Agreement, on each Funding Date, Drawing Date and on the date of issuance of each Letter of Credit, that the following statements are true, correct and complete: 

 

	7.1	 Organization, Powers, Qualification, Good Standing and Business. 

A. Organization and Powers. Each of the Loan Parties is a corporation duly incorporated, validly existing and in
good standing under the laws of its respective jurisdiction of incorporation. Each of the Loan Parties has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted, to enter into each
Loan Document to which it is a party and to carry out the transactions contemplated hereby and thereby. 
 B.
Qualification and Good Standing. Each Loan Party is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to 

  
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carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had and will not have a Material Adverse Effect. 

 

	7.2	 Authorization of Borrowing, etc. 

A. Authorization of Borrowing. The execution, delivery and performance of each of the Loan Documents by each of the
Loan Parties party thereto have been duly authorized by all necessary corporate action on the part of such Loan Parties. 
 B. No Conflict. The execution, delivery and performance by each of the Loan Parties of the Loan Documents to which it is a party and the consummation of the transactions contemplated by the Loan
Documents do not and will not (i) violate any provision of any material law or any material governmental rule or regulation applicable to any Loan Party, the Certificate or Articles of Incorporation or Bylaws of any Loan Party or any order,
judgment or decree of any court or other agency of government binding on any Loan Party, (ii) conflict with, result in a material breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of
any Loan Party, (iii) result in or require the creation or imposition of any Lien upon any of the properties or assets of any Loan Party, or (iv) require any approval of stockholders or any approval or consent of any Person under any
Contractual Obligation of any Loan Party, except for such approvals or consents which will be obtained on or before the Closing Date. 
 C. Governmental Consents. The execution, delivery and performance by each of the Loan Parties of the Loan Documents to which it is a party and the consummation of the transactions contemplated by
the Loan Documents do not and will not require such Loan Party to make or obtain any registration with, consent or approval of, or notice to, or other action to, with or by, any United States or Canadian Governmental Authority. 

D. Binding Obligation. Each of the Loan Documents has been duly executed and delivered by each of the Loan Parties
party thereto and is the legally valid and binding obligation of each such Loan Party, enforceable against each such Loan Party in accordance with its respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium
or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability. 
  

	7.3	 Financial Condition. 

 The audited consolidated balance sheet of Company and its Subsidiaries as at January 1, 2011 and the related consolidated statements of income, stockholders’ equity and cash flows of Company and
its Subsidiaries for the Fiscal Year then ended, in each case as presented in Company’s Annual Report on SEC Form 10-K for its fiscal year ended on such date, were prepared in conformity with GAAP and fairly present, in all material respects,
the financial position (on a consolidated basis) of the entities described in such financial statements as at the respective dates thereof and the results of operations and cash flows (on a consolidated basis) of the entities described therein for
each of the periods then ended. 

  
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	7.4	 No Material Adverse Effect. 

 As of the Closing Date, no event or change has occurred since January 1, 2011 that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect other than as disclosed
to Lenders in Company’s public filings with the SEC prior to the date hereof. 
  

	7.5	 Litigation; Adverse Facts. 

 Except as set forth in Company’s Annual Report on SEC Form 10-K for its fiscal year ended January 1, 2011 and Company’s 2010 Annual Report to Stockholders or any SEC Form 10-Q or 8-K filed
with the SEC prior to the Closing Date, there are no actions, suits, proceedings, arbitrations or governmental investigations (whether or not purportedly on behalf of Company or any of its Subsidiaries) at law or in equity or before or by any
Governmental Authority, pending or, to the knowledge of Company, threatened against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries that, individually or in the aggregate, would reasonably be
expected to result in a Material Adverse Effect. Neither Company nor any of its Subsidiaries is (i) in violation of any applicable laws that, individually or in the aggregate, would reasonably be expected to result in a Material Adverse Effect
or (ii) subject to or in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any other Governmental Authority, that, individually or in the aggregate, would reasonably be expected to
result in a Material Adverse Effect. 
  

	7.6	 Payment of Taxes. 

 Except to the extent permitted by subsection 8.3, all material tax returns and reports of Company and its Subsidiaries required to be filed by any of them have been timely filed, and all material taxes,
assessments, fees and other governmental charges upon Company and its Subsidiaries and upon their respective properties, assets, income, businesses and franchises which are due and payable have been paid when due and payable. 

 

	7.7	 Governmental Regulation. 

 Neither Company nor any of its Subsidiaries is required to register as an “investment company” under the Investment Company Act of 1940. 

 

	7.8	 Securities Activities. 

 A. Neither Company nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any
Margin Stock. 
 B. Following application of the proceeds of each Loan, not more than 25% of the value of
the assets (either of Company only or of Company and its Subsidiaries on a consolidated basis) subject to the provisions of subsection 9.1 or 9.3 or subject to any restriction contained in any agreement or instrument between Company and any Lender
or any Affiliate of any Lender, relating to Indebtedness and within the scope of subsection 10.2, will be Margin Stock. 

  
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	7.9	 Employee Benefit Plans. 

 A. Company and each of its ERISA Affiliates are in compliance in all respects with the terms of each Employee Benefit Plan and Foreign Plan and all applicable provisions and requirements of ERISA
and the regulations thereunder with respect to each Employee Benefit Plan and applicable foreign law with respect to each Foreign Plan, and have performed all of their obligations under each Employee Benefit Plan, except to the extent that the
failure to so comply or perform would not individually or in the aggregate reasonably be expected to result in a Material Adverse Effect. 
 B. No ERISA Event has occurred or is reasonably expected to occur, except as individually or in the aggregate would not reasonably be expected to result in a Material Adverse Effect. 

C. The amount of any unfunded benefit liabilities for each Pension Plan, determined as of the date of the most
recent actuarial valuation for such Pension Plan and based on the assumptions used in such actuarial valuation for such Pension Plan, would not, individually or in the aggregate with any unfunded benefit or withdrawal liabilities under any Foreign
Plans or Multiemployer Plans, reasonably be expected to result in a Material Adverse Effect. The amount of any unfunded benefit liabilities for each Foreign Plan, determined as of the date of the most recent actuarial valuation for such Foreign Plan
and based on the assumptions used in such actuarial valuation for such Foreign Plan, would not, individually or in the aggregate with any unfunded benefit or withdrawal liabilities under any Pension Plans or Multiemployer Plans, reasonably be
expected to result in a Material Adverse Effect. 
 D. Borrowers and each of their Subsidiaries have made
full payment when due of all material contributions to any Foreign Plan required under such Foreign Plan or under applicable foreign law, except as individually or in the aggregate, would not reasonably be expected to result in a Material Adverse
Effect. 
 E. To the knowledge of Company, none of Company or any of its ERISA Affiliates has any
potential withdrawal liability to any Multiemployer Plans, except as would not, individually or in the aggregate with any unfunded benefit liabilities under any Pension Plans or Foreign Plans, reasonably be expected to result in a Material Adverse
Effect. 
  

	7.10	 Disclosure. 

 The information heretofore furnished by Company and any of its Subsidiaries for purposes of or in connection with any Loan Document or in any other document, certificate or written statement furnished to
Lenders by or on behalf of Company or any of its Subsidiaries for use in connection with the transactions contemplated by this Agreement, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact
(known to Company, in the case of any document not furnished by it) necessary in order to make the statements contained herein or therein not misleading in light of the circumstances in which the same were made, provided that with respect to
any projections and pro forma financial information contained in such materials, Company represents only that such information is based upon good faith estimates and assumptions believed by Company to be reasonable at the time

  
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made, it being recognized by Lenders that such projections as to future events are not to be viewed as facts and that actual results during the period or periods covered by any such projections
may differ from the projected results, and such differences may be material. As of the Closing Date, there are no facts known to Company (other than matters of a general economic nature) that, individually or in the aggregate, would reasonably be
expected to result in a Material Adverse Effect and that have not been disclosed herein or in such other documents, certificates and written statements furnished to Lenders for use in connection with the transactions contemplated hereby. 

 

	7.11	 Solvency. 

 At the making of any Canadian Loan, or utilization of the Acceptance Facility, by Canada Safeway, it will be Solvent. 
  

	7.12	 Foreign Assets Control Regulations, etc. 

Neither the making of any Loans, nor the issuance of any Letter of Credit, nor the acceptance of any Draft, nor the use of
the proceeds thereof will violate the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or
executive order relating thereto. Without limiting the foregoing, neither Company nor any of its Subsidiaries or Affiliates (a) is or will become a Person whose property or interests in property are blocked pursuant to Section 1 of
Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)) or (b) engages or will engage in any dealings or
transactions, or be otherwise associated, with any such Person. Company and its Subsidiaries and Affiliates are in compliance, in all material respects, with the Uniting And Strengthening America By Providing Appropriate Tools Required To Intercept
And Obstruct Terrorism (USA Patriot Act of 2001). 
  

	Section 8.	BORROWERS’ AFFIRMATIVE COVENANTS 

 Each Borrower covenants and agrees (which covenants and agreements, in the case of Canada Safeway, shall be limited to those covenants and agreements that are within the control and discretion of Canada
Safeway and its Subsidiaries) that, so long as the Commitments hereunder shall remain in effect and until payment in full of all of the Loans, Acceptances and other Obligations and the cancellation or expiration of all Letters of Credit, unless
Requisite Lenders shall otherwise give prior written consent, each Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 8. 

 

	8.1	 Financial Statements and Other Reports. 

Each Borrower shall maintain, and cause each of its Subsidiaries to maintain, a system of accounting established and
administered in accordance with sound business practices to permit preparation of financial statements in conformity with GAAP. Company shall deliver to the Administrative Agents and Lenders: 

  
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 (i) Quarterly Financials: As soon as available and in
any event within 45 days after the close of each of the first three fiscal quarters in each fiscal year of Company, to the extent prepared to comply with SEC requirements, a copy of Company’s report on SEC Form 10-Q filed with the SEC for such
fiscal quarter, or, if no such Form 10-Q was filed by Company, the unaudited consolidated condensed balance sheet of Company and its Subsidiaries as at the end of such fiscal quarter, the related unaudited consolidated condensed statements of income
of Company and its Subsidiaries for such fiscal quarter and for the elapsed portion of the fiscal year ended as of the end of such fiscal quarter and the related unaudited consolidated condensed statement of cash flows of Company and its
Subsidiaries for the elapsed portion of the fiscal year ended as of the end of such fiscal quarter, in each case setting forth the comparative consolidated figures for the corresponding periods in the prior fiscal year of Company or, in the case of
such consolidated balance sheet, for the last day of the corresponding fiscal quarter in the prior fiscal year of Company, all of which shall be certified by the chief financial officer of Company as fairly presenting in all material respects the
consolidated financial condition of Company and its Subsidiaries at the respective dates indicated and the results of their consolidated operations and cash flows for each of the periods indicated, subject to changes resulting from audit and normal
year-end adjustments; 
 (ii) Year-End Financials: as soon as available and in any event
within 90 days after the end of each Fiscal Year, to the extent prepared to comply with SEC requirements, a copy of Company’s report on SEC Form 10-K filed with the SEC for such fiscal year, or, if no such Form 10-K was filed by Company, the
consolidated balance sheet of Company and its Subsidiaries as at the end of such fiscal year and the related consolidated statements of income, stockholders’ equity and cash flows of Company and its Subsidiaries for such Fiscal Year, in each
case setting forth the comparative figures for the previous Fiscal Year and certified by independent certified public accountants of recognized national standing selected by Company and satisfactory to Primary Agents, whose opinion shall be
unqualified as to the scope of audit or as to the ability of Company and its Subsidiaries to continue as a going concern and shall state that such consolidated financial statements fairly present in all material respects the consolidated financial
position of Company and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated in conformity with GAAP and that the audit by such accountants in connection with such consolidated
financial statements has been made in accordance with generally accepted auditing standards; 

(iii) Officers’ and Compliance Certificates: together with each delivery of financial
statements of Company and its Subsidiaries pursuant to subdivisions (i) and (ii) above, (a) to the extent not otherwise included in the relevant Compliance Certificate, an Officers’ Certificate of Company stating that no Event of
Default or Potential Event of Default has occurred and is continuing or, if an Event of Default or Potential Event of Default has occurred and is continuing, specifying the nature and period of existence thereof and what action Company has taken, is
taking and proposes to take with respect thereto; and (b) a Compliance Certificate demonstrating in reasonable detail compliance during and at the end of the applicable accounting periods with the restrictions contained in subsections 9.1 and
9.2; 

  
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 (iv) Pricing Level Determination Certificates:
(a) together with each delivery of financial statements of Company and its Subsidiaries pursuant to subdivisions (i) and (ii) above, (b) within one (1) Business Day after any public release by Fitch, S&P, or Moody’s
lowering its credit rating on any of Company’s outstanding senior unsecured debt to the extent such lowering would change the Pricing Level then in effect, and (c) at such additional times as Company may elect, a Pricing Level
Determination Certificate. 
 (v) Accountants’ Certification: together with each
delivery of consolidated financial statements of Company and its Subsidiaries pursuant to subdivision (ii) above, a written statement by the independent certified public accountants giving the report thereon (a) stating that their audit
has included a review of the terms of this Agreement insofar as they relate to financial and accounting matters and (b) stating whether, in connection with their audit examination, any condition or event that constitutes an Event of Default or
Potential Event of Default has come to their attention and, if such a condition or event has come to their attention, specifying the nature and period of existence thereof; provided that such accountants shall not be liable by reason of any
failure to obtain knowledge of any such Event of Default or Potential Event of Default that would not be disclosed in the course of their audit; 
 (vi) SEC Filings and Earnings Releases: promptly upon their becoming available, copies of (a) annual reports and proxy statements sent or made available by Company to its security holders
or by any Subsidiary of Company to its security holders other than Company or another Subsidiary of Company, (b) all reports and registration statements of Company or its Subsidiaries filed with the SEC on SEC Forms S-2, S-3, S-4, 10-Q and 8-K
and (c) all press releases concerning Company’s earnings made available generally by Company or any of its Subsidiaries to the public; 
 (vii) Events of Default, etc.: promptly upon any executive officer, the vice president-treasurer or the vice president-corporate accounting of any Borrower obtaining actual knowledge (a) of
any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that any Lender has given any notice (other than to any Primary Agent) or taken any other action with respect to a claimed Event of Default
or Potential Event of Default, or (b) of the occurrence of any event or change that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect, an Officers’ Certificate specifying the nature and period of
existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action such Borrower
has taken, is taking and proposes to take with respect thereto; 
 (viii) Litigation or Other
Proceedings: promptly upon any executive officer of any Borrower obtaining actual knowledge of (a) the institution of, or non-frivolous threat of, any action, suit, proceeding (whether administrative, judicial or otherwise), governmental
investigation or arbitration against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries (collectively, “Proceedings”) not previously disclosed in writing by any Borrower to Lenders
or (b) any material development in any Proceeding, that, in either case, has a reasonable 

  
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possibility of giving rise to a Material Adverse Effect, written notice thereof together with such other information as may be reasonably available to Borrowers to enable Lenders and their
counsel to evaluate such matters; and 
 (ix) Other Information: with reasonable
promptness, such other information and data with respect to Company or any of its Subsidiaries as from time to time may be reasonably requested by any Lender. 
 Information required to be delivered pursuant to subdivisions (i), (ii), and (vi) of this subsection 8.1 (to the extent any such documents are included in materials otherwise filed with the SEC)
shall be deemed to have been delivered on the date (a) on which Company provides notice to Lenders that such information has been posted on Company’s Internet website at the website address listed on the signature page hereof or at another
website identified in such notice and accessible to Lenders without charge; or (b) on which such documents are posted on Company’s behalf on an Internet or intranet website, if any, to which each Lender and each Administrative Agent have
access (whether a commercial, third-party website or whether sponsored by any such Administrative Agent); provided that: (y) Company shall deliver paper copies of such information to any Lender that requests such delivery and
(z) Company shall notify Domestic Administrative Agent and each Lender (by telecopier or electronic mail) of the posting of any such documents and provide to Domestic Administrative Agent by electronic mail electronic versions (i.e.,
soft copies) of such documents. 
  

	8.2	 Corporate Existence, etc. 

 Except as permitted under subsection 9.3, each Borrower shall, and shall cause each of its Subsidiaries (other than Unrestricted Subsidiaries) to, at all times preserve and keep in full force and effect
its corporate existence and all rights and franchises material to its business; provided that nothing in this subsection 8.2 shall prevent the withdrawal by Company or any of its Subsidiaries of qualification to do business as a foreign
corporation in any jurisdiction where such withdrawal would not reasonably be expected to have a Material Adverse Effect. 
  

	8.3	 Payment of Taxes and Claims. 

Each Borrower shall, and shall cause each of its Subsidiaries to, pay all material taxes, assessments and other
governmental charges imposed upon it or any of its properties or assets or in respect of any of its income, businesses or franchises before any penalty accrues thereon, and all material claims (including, without limitation, claims for labor,
services, materials and supplies) for sums that have become due and payable and that by law have or may become a Lien upon any of its properties or assets, prior to the time when any penalty or fine shall be incurred with respect thereto;
provided that no such charge or claim need be paid if being contested in good faith by appropriate proceedings promptly instituted and diligently conducted and if such reserve or other appropriate provision, if any, as shall be required in
conformity with GAAP shall have been made therefor. 
  

	8.4	 Maintenance of Properties; Insurance. 

Each Borrower shall, and shall cause each of its Subsidiaries to, maintain or cause to be maintained in good repair,
working order and condition, ordinary wear and tear excepted, 

  
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all properties used or useful in the business of such Borrower and its Subsidiaries and from time to time will make or cause to be made all appropriate repairs, renewals and replacements thereof
if, in each case, failure to so maintain would result in a Material Adverse Effect. Company will, and will cause each Subsidiary to, maintain insurance (including self-insurance) in such amounts and covering such risks as is customarily carried or
maintained under similar circumstances by corporations engaged in similar businesses. 
  

	8.5	 Inspection. 

 Each Borrower shall, and shall cause each of its Subsidiaries to, permit any authorized representatives designated by any Lender to visit and inspect any of the properties of Company or any of its
Subsidiaries, including its and their financial and accounting records, and to make copies and take extracts therefrom, and to discuss its and their affairs, finances and accounts with its and their officers and independent public accountants
(provided that Company (through its authorized representatives) may, if it so chooses, be present at or participate in any such discussion), all upon reasonable notice and at such reasonable times during normal business hours and as often as may be
reasonably requested. 
  

	8.6	 Compliance with Laws, etc. 

 Each Borrower shall, and shall cause each of its Subsidiaries to, comply with the requirements of all applicable laws, rules, regulations and orders of any governmental authority, noncompliance with which
would reasonably be expected to result in a Material Adverse Effect. 
  

	Section 9.	BORROWERS’ NEGATIVE COVENANTS 

 Each Borrower covenants and agrees (which covenants and agreements, in the case of Canada Safeway shall be limited to those covenants and agreements that are within the control and discretion of Canada
Safeway and its Subsidiaries) that, so long as the Commitments hereunder shall remain in effect and until payment in full of all of the Loans, Acceptances and other Obligations and the cancellation or expiration of all Letters of Credit, unless
Requisite Lenders shall otherwise give prior written consent, such Borrower shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 9. 

 

	9.1	 Liens and Related Matters. 

 A. Prohibition on Liens. Each Borrower shall not, and shall not permit any of its Subsidiaries (other than Unrestricted Subsidiaries) to, directly or indirectly, create, incur, assume or permit to
exist any Lien on or with respect to any property or asset of any kind (including any document or instrument in respect of goods or accounts receivable) of such Borrower or any such Subsidiary, whether now owned or hereafter acquired, or any income
or profits therefrom, or file or authorize the filing of, or permit to remain in effect, any financing statement or other similar notice of any Lien with respect to any such property, asset, income or profits under the Uniform Commercial Code of any
State or under any similar recording or notice statute, except: 
 (i) Permitted Encumbrances;

  
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 (ii) Liens existing as of the Closing Date securing
Indebtedness in an aggregate amount not exceeding the principal amount of the Indebtedness or related commitment secured by such Liens on the Closing Date; 

(iii) Liens arising pursuant (a) to purchase money mortgages securing Indebtedness representing the
purchase price (or financing of the purchase price within 180 days after the respective purchase) of property or other assets acquired by Company or any of its Subsidiaries (including, without limitation, Liens arising under Capital Leases) or
(b) mortgages or security agreements securing financing incurred to refurbish, renovate or otherwise improve existing assets, provided, in any event, that any such Liens attach only to the assets so purchased, refurbished, renovated or
improved; 
 (iv) Liens existing on specific tangible assets at the time acquired (including by
acquisition, merger or consolidation) by Company or any of its Subsidiaries or on assets of a Person at the time such Person first becomes a Subsidiary of Company, provided that (a) any such Liens were not created at the time of or in
contemplation of the acquisition of such assets or Person by Company or any of its Subsidiaries and (b) in the case of any such acquisition of a Person other than Casa Ley, any such Lien attached only to specific tangible assets of such Person
and not assets of such Person generally; 
 (v) Liens securing extensions, renewals or
refinancings of any Indebtedness secured by Liens permitted under any of the preceding clauses (i), (ii), (iii) and (iv) of this subsection 9.1A, provided that the principal or committed amount of any such Indebtedness (a) is
not increased over the principal or committed amount outstanding at the time of any such extension or renewal and (b) is not secured by Liens on any additional assets, except that all or any portion of the aggregate amount of the Indebtedness
described in such clauses (i), (ii), (iii) or (iv) may be extended, renewed or refinanced in a single financing that does not increase the aggregate principal amount of such Indebtedness but which may provide for cross-collateralization
with respect to property and assets theretofore encumbered to secure all or any portion of the Indebtedness being extended, renewed or refinanced; 

(vi) Liens on assets substituted for assets theretofore encumbered pursuant to Liens permitted pursuant to
the preceding clauses (i), (ii), (iii), (iv) and (v) of this subsection 9.1A to secure the Indebtedness or obligations theretofore secured, provided that the fair market value of such assets at the time such Liens are created, as
reasonably determined by Company, shall not exceed the fair market value of such previously encumbered assets for which such assets have been substituted; 

(vii) Liens on Company’s and its Subsidiaries’ accounts receivable securing receivable
securitizations and similar receivable financing programs; 
 (viii) Liens on assets of
Company’s Subsidiaries securing Indebtedness owed to Company or any of its Wholly-Owned Subsidiaries; provided that the holder of such secured Indebtedness may not transfer any such secured Indebtedness to any Person other than Company
or a Wholly-Owned Subsidiary of Company unless, upon giving effect to 

  
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such transfer, such Liens would be permitted under the provisions of this subsection 9.1A (other than this clause (viii)); and 

(ix) Other Liens securing Indebtedness or other obligations in an aggregate amount not to exceed 5% of the
Book Value of the consolidated tangible assets of Company and its Subsidiaries (other than Unrestricted Subsidiaries) at any time. 
 B. No Restrictions on Subsidiary Distributions to Company or Other Subsidiaries. Except as provided herein, each Borrower will not, and will not permit any of its Subsidiaries (other than
Unrestricted Subsidiaries) to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any such Subsidiary to (i) pay dividends or make any other distributions on
any of such Subsidiary’s capital stock owned by Company, such Borrower or any other Subsidiary of Company, (ii) repay or prepay any Indebtedness owed by such Subsidiary to Company, such Borrower or any other Subsidiary of Company,
(iii) make loans or advances to Company, such Borrower or any other Subsidiary of Company, or (iv) transfer any of its property or assets to Company, such Borrower or any other Subsidiary of Company, except for such restrictions or
encumbrances existing by reason of (a) any restrictions existing under any of the Loan Documents or any other agreements or contracts in effect on the Closing Date or any restrictions under any Subordinated Indebtedness, (b) any
restrictions with respect to a Subsidiary that is not a Subsidiary on the Closing Date under any agreement in existence at the time such Subsidiary becomes a Subsidiary of Company, (c) any restrictions with respect to a Subsidiary of Company
imposed pursuant to an agreement which has been entered into for the sale or disposition of all or substantially all of the capital stock or assets of such Subsidiary, (d) any restrictions with respect to any Subsidiary of Company all or
substantially all of whose assets consist of property encumbered by Liens permitted under subsection 9.1A, (e) restrictions imposed by applicable laws, (f) restrictions under leases of, or mortgages and other agreements relating to Liens
on, specified property or assets limiting or prohibiting transfers of such property or assets (including, without limitation, non-assignment clauses, due-on-sale clauses and clauses prohibiting junior Liens), and (g) any restrictions existing
under any agreement that amends, refinances or replaces any agreement containing restrictions permitted under the preceding clauses (a) through (f), provided that the terms and conditions of any such agreement, taken as a whole, are not
materially less favorable to Company than those under the agreement so amended, refinanced or replaced. 
  

	9.2	 Financial Covenants. 

 A. Minimum Interest Coverage Ratio. Borrowers shall not permit the Interest Coverage Ratio for any four-fiscal quarter period ending as of the last day of any fiscal quarter of Company to be less
than 2.00:1.00. 
 B. Maximum Leverage Ratio. Borrowers shall not permit the ratio of (i)(a) Consolidated
Total Debt as of the last day of any fiscal quarter of Company minus (b) the aggregate amount of Unrestricted Cash in excess of $75,000,000, as of such day, of Company and its Subsidiaries (excluding any Unrestricted Subsidiaries),
determined on a consolidated basis) to (ii) Consolidated Adjusted EBITDA for the four-fiscal quarter period ending as of such day, to exceed 3.50:1.00. 

  
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	9.3	 Restriction on Fundamental Changes; Material Asset Sales. 

Each Borrower shall not, and shall not permit any of its Subsidiaries (other than Unrestricted Subsidiaries) to,
(A) liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or (B) enter into any transaction of merger or consolidation, or convey, sell, lease, sub-lease, transfer or otherwise dispose of, in one transaction or
a series of transactions, all or any part of its business, property or fixed assets, whether now owned or hereafter acquired, except: 
 (i) any Subsidiary of Company or any other Person may be merged or amalgamated with or into Company or any Wholly-Owned Subsidiary of Company, or be liquidated, wound up or dissolved into, or all or any
part of its business, property or assets may be conveyed, sold, leased, transferred or otherwise disposed of, in one transaction or a series of transactions, to Company or any Wholly-Owned Subsidiary of Company; provided that, (a) in the
case of any such merger involving Company, Company shall be the surviving corporation, (b) in the case of such a merger involving Canada Safeway but not covered by clause (a), Canada Safeway shall be the surviving corporation and shall, after
giving effect to such merger, be a Wholly-Owned Subsidiary of Company, and (c) in the case of such a merger involving a Wholly-Owned Subsidiary and not covered by either clause (a) or clause (b) above or permitted by clause
(ii) below, the surviving corporation shall be a Wholly-Owned Subsidiary of Company; and 

(ii) subject to the provisions of subsections 9.1, 9.4 and 9.6, Company and its Subsidiaries may convey,
lease, sublease, transfer, sell or otherwise dispose, including by merger, consolidation or amalgamation, of all or any part of its business, property or fixed assets, whether now owned or hereafter acquired in transactions that do not constitute
Material Asset Sales; provided that if Canada Safeway would cease to be a Wholly-Owned Subsidiary of Company as the result of such conveyance, sale, transfer or other disposition, Borrowers shall have taken such actions as are necessary to
terminate and pay all amounts due hereunder with respect to the Canadian Commitments as to Canada Safeway prior to or at the time such conveyance, sale, transfer or disposition becomes effective. 

 

	9.4	 Transactions with Shareholders and Affiliates. 

Each Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, enter into or permit to
exist any transaction (including, without limitation, the purchase, sale, lease or exchange of any property or the rendering of any service) with any holder of 5% or more of any class of Company’s Common Stock or with any Affiliate of Company
or of any such holder, on terms that are less favorable to Company or that Subsidiary, as the case may be, than those that might be obtained at the time from Persons who are not such a holder or Affiliate; provided that the foregoing
restriction shall not apply to (i) any transaction between Company and any of its Subsidiaries (other than Unrestricted Subsidiaries) or between any of Company’s Subsidiaries and any other such Subsidiary (other than an Unrestricted
Subsidiary); (ii) reasonable and customary fees paid to members of the Boards of Directors of Company and its Subsidiaries; (iii) except as restricted by clause (i), transactions by Unrestricted Subsidiaries; (iv) transactions approved by
a majority of the disinterested directors of Company’s or the 

  
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applicable Subsidiary’s, as the case may be, board of directors; (v) transactions with banks relating to cash or automated teller machines and cash advance services; and (vi) loans
to officers of Borrowers for business or personal purposes in an aggregate outstanding principal amount not exceeding $20,000,000 at any time and otherwise in compliance with the U.S. Sarbanes-Oxley Act of 2002. 

 

	9.5	 Conduct of Business. 

 From and after the Closing Date, each Borrower shall not, and shall not permit any of its Subsidiaries (other than Unrestricted Subsidiaries) to, fundamentally or substantively alter the character of its
business from that conducted by Company and its Subsidiaries, taken as a whole, as of the Closing Date. 
  

	9.6	 Unrestricted Subsidiaries. 

 Company may from time to time deliver to each Administrative Agent an Officers’ Certificate designating one or more of its Subsidiaries (other than Canada Safeway) as Unrestricted Subsidiaries;
provided no Subsidiary shall be designated as an Unrestricted Subsidiary if, upon giving effect to such designation, the aggregate Book Value of all assets of all Unrestricted Subsidiaries would exceed 15% of the Book Value of the
consolidated assets of Company and its Subsidiaries or if doing so would cause an Event of Default under subsection 9.2. Company will not, and will not permit its Subsidiaries, including any Unrestricted Subsidiary, to enter into any contract,
agreement, financing or other arrangement that would provide the creditors of any Unrestricted Subsidiary (including Persons with contingent claims against any Unrestricted Subsidiary) with any recourse to or against Company or any of its
Subsidiaries (other than Unrestricted Subsidiaries) or any of their respective assets or revenues. Any Officers’ Certificate designating any Unrestricted Subsidiaries shall show, in reasonable detail, the Book Value of such Subsidiary’s
assets and the consolidated assets of Company and its Subsidiaries, shall provide pro forma financial statements demonstrating Company will continue to be in compliance with subsection 9.2 upon giving effect to such designation, and shall certify
that Company and its Subsidiaries are not parties to any contract or agreement that would provide any such creditors of such Subsidiary with recourse to or against Company or any of its Subsidiaries (other than Unrestricted Subsidiaries) and that no
such creditor of such Subsidiary would have recourse to or against Company or any of its Subsidiaries (other than Unrestricted Subsidiaries) as a matter of law. Any Person designated as an Unrestricted Subsidiary in any such Officers’
Certificate shall, without further action, become an Unrestricted Subsidiary on the fifth Business Day after each Administrative Agent receives such Officers’ Certificate. 

Company shall not, and shall not permit any of its Subsidiaries (other than Unrestricted Subsidiaries) to convey,
transfer, sell or otherwise dispose of (including in connection with any merger or consolidation) any of its assets or properties to any Unrestricted Subsidiary if, after giving effect thereto, the aggregate Book Value of all assets of all
Unrestricted Subsidiaries would exceed 15% of the Book Value of all assets of Company and its Subsidiaries. 

  
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 Company may from time to time deliver to each Administrative Agent an
Officers’ Certificate changing the designation of an Unrestricted Subsidiary so that such Subsidiary ceases to be an Unrestricted Subsidiary, which change shall be effective on the third Business Day after each Administrative Agent receives
such Officers’ Certificate. Upon effectiveness of such change, such formerly Unrestricted Subsidiary shall be subject to the provisions of this Agreement applicable to all other Subsidiaries of Company that are not Unrestricted Subsidiaries and
such formerly Unrestricted Subsidiary shall not maintain any contract or condition that is not permitted hereunder for any Subsidiary of Company that is not an Unrestricted Subsidiary regardless of when it first entered into such contract or
permitted such condition to exist. 
  

	Section 10.    EVENTS	OF DEFAULT 

If any of the following conditions or events (“Events of Default”) shall occur and be continuing:

  

	10.1	 Failure to Make Payments When Due. 

Failure by any Borrower to pay any installment of principal of any Loan when due, whether at stated maturity, by
acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; failure by Company to pay when due any amount payable to an Issuing Lender in reimbursement of any drawing under a Letter of Credit; failure by Canada Safeway to
pay the amount of any Acceptance at maturity; or failure by any Borrower to pay any interest on any Loan or any fee or any other amount due under this Agreement within five days after the date due; or 

 

	10.2	 Default in Other Agreements. 

(i) Failure of Company or any of its Subsidiaries (other than Unrestricted Subsidiaries) to pay when due
any principal of or interest on any items of Indebtedness (other than items of Indebtedness referred to in subsection 10.1) with an aggregate principal amount of $100,000,000 or more and such failure continues beyond the end of any grace period
provided therefor; or (ii) breach or default by Company or any of its Subsidiaries (other than Unrestricted Subsidiaries) with respect to any other material term of any Indebtedness with an aggregate principal amount of $100,000,000 or more
or any loan agreement, mortgage, indenture or other agreement relating to such Indebtedness and such breach or default continues beyond the end of any grace period provided therefor, if the effect of such breach or default is to cause, or to
permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders) to cause, that Indebtedness to become or be declared due and payable prior to its stated maturity (in each case after the giving or receiving of any
requisite notice or after the lapse of any requisite period); provided that in the event that any non-payment described in clause (i) above or any breach or default described in clause (ii) above is, prior to any acceleration of the
Obligations pursuant to this Section 10, cured or waived by the holders of such Indebtedness without (a) any consent, waiver or other fee being paid to such holders, (b) prepayments or theretofore unscheduled reductions of such
Indebtedness, (c) any additional collateral (or if such Indebtedness was theretofore unsecured, any collateral) 

  
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being encumbered to secure such Indebtedness or any additional guaranties thereof (or if such Indebtedness was not theretofore guarantied, any guaranty thereof), (d) any amendment to or
modification of the terms of such Indebtedness, except any such amendment or modification as may be necessary to relax the provisions thereof to cure such non-payment, breach or default, then such non-payment, breach or default shall not constitute
an Event of Default hereunder; or 
  

	10.3	 Breach of Certain Covenants. 

Failure of any Borrower to perform or comply with any term or condition contained in subsections 2.5, 8.1(vii) or
Section 9 of this Agreement or the failure of any Borrower to maintain its corporate existence to the extent required under subsection 8.2 of this Agreement; or 
  

	10.4	 Breach of Warranty. 

 Any written representation, warranty, certification or other statement made by Company or any of its Subsidiaries in any Loan Document or in any written statement or certificate at any time given by
Company or any of its Subsidiaries (or deemed to be given in connection with any borrowing hereunder) pursuant hereto or thereto or in connection herewith or therewith shall be false in any material respect on the date as of which made; or

  

	10.5	 Other Defaults Under Loan Documents. 

Any Borrower shall default in the performance of or compliance with any term contained in this Agreement or any of the
other Loan Documents, other than any such term referred to in any other subsection of this Section 10, and such default shall not have been remedied or waived within 30 days after receipt by such Borrower of notice from any Administrative Agent
or any Lender of such default; or 
  

	10.6	 Involuntary Bankruptcy; Appointment of Receiver, etc. 

(i) A court having jurisdiction in the premises shall enter a decree or order for relief in respect of any
Borrower or any Material Subsidiary in an involuntary case under any Insolvency Laws which decree or order is not stayed; or any other similar relief shall be granted under any applicable Insolvency Laws; or (ii) an involuntary case shall be
commenced against any Borrower or any Material Subsidiary under any Insolvency Laws; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer
having similar powers over any Borrower or any Material Subsidiary, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, trustee or other
custodian of any Borrower or any Material Subsidiary for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of any Borrower or any
Material Subsidiary, and any such event described in this clause (ii) shall continue for 60 days unless dismissed, bonded or discharged; or 

  
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	10.7	 Voluntary Bankruptcy; Appointment of Receiver, etc. 

(i) Any Borrower or any Material Subsidiary shall have an order for relief entered with respect to it or
commence a voluntary case under any Insolvency Laws, or shall consent to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such laws, or shall consent to the
appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or any Borrower or any Material Subsidiary shall make any assignment for the benefit of creditors; or (ii) any Borrower
or any Material Subsidiary shall be unable, or shall fail generally, or shall admit in writing its inability, to pay its debts as such debts become due; or the Board of Directors of any Borrower or any Material Subsidiary (or any committee thereof)
shall adopt any resolution or otherwise authorize any action to approve any of the actions referred to in clause (i) above or this clause (ii); or 
  

	10.8	 Judgments and Attachments. 

 Any money judgment, writ or warrant of attachment or similar process involving in the aggregate at any time an amount in excess of $100,000,000 (not adequately covered by insurance as to which a solvent
and unaffiliated insurance company has acknowledged coverage) shall be entered or filed against Company or any of its Subsidiaries other than an Unrestricted Subsidiary or any of their respective assets and shall remain undischarged, unvacated,
unbonded or unstayed for a period of 60 days after entry or filing thereof (or in any event later than five days prior to the date of any proposed sale thereunder); or 
  

	10.9	 Dissolution. 

 Any order, judgment or decree shall be entered against any Borrower or any Material Subsidiaries decreeing the dissolution or split up of any Borrower or that Material Subsidiary (which dissolution, in
the case of Canada Safeway or a Material Subsidiary is not permitted under subsection 9.3) and such order shall remain undischarged or unstayed for a period in excess of 30 days; or 

 

	10.10	 Employee Benefit Plans. 

 There shall occur any ERISA Event which individually results in or would reasonably be expected to result in a Material Adverse Effect or, if taken together with all other ERISA Events results in or would
reasonably be expected to result in a Material Adverse Effect during the term of this Agreement; or there shall exist an amount of unfunded benefit liabilities (for each Pension Plan and each Foreign Plan which is required to be funded, determined
as of the date of the most recent actuarial valuation for such Pension Plan or Foreign Plan and based on the assumptions used in such actuarial valuation for such Pension Plan or Foreign Plan), individually or in the aggregate for all Pension Plans
and all Foreign Plans which are required to be funded (excluding for purposes of such computation any such plans with respect to which assets exceed benefit liabilities), which would reasonably be expected to result in a Material Adverse Effect; or

  
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	10.11	 Invalidity of Subsidiary Borrower Guaranty. 

The Subsidiary Borrower Guaranty for any reason, other than the satisfaction in full of all the “Subsidiary Borrower
Obligations” as defined therein or any written release by the Lenders required under the provisions of subsection 11.6, ceases to be in full force and effect or is declared to be null and void, or Company denies that it has any further
liability thereunder, or gives notice to such effect; or 
  

	10.12	 Change in Control. 

 Any Person or any two or more Persons acting in concert shall have acquired beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Exchange Act),
directly or indirectly, of capital stock of Company (or other securities at the time convertible into capital stock) representing 40% or more of the combined voting power of all capital stock (on a fully-diluted basis) of Company entitled to vote in
the election of directors, 
 THEN (i) upon the occurrence of any Event of Default described in subsection 10.6 or
10.7, each of (a) the unpaid principal amount of and accrued interest on the Loans, (b) an amount equal to the maximum amount that may at any time be drawn under all Letters of Credit then outstanding (whether or not any beneficiary under
any such Letter of Credit shall have presented, or shall be entitled at such time to present, the drafts or other documents or certificates required to draw under such Letter of Credit), (c) an amount equal to the Face Amount of all unmatured
Acceptances, and (d) all other Obligations shall automatically become immediately due and payable, without presentment, demand, protest or other requirements of any kind, all of which are hereby expressly waived by each Borrower and the
obligation of each Lender to make any Loan or create or purchase any Acceptance, the obligation of Deutsche Bank to issue any Letter of Credit and the right of any Lender to issue any Letter of Credit hereunder shall thereupon terminate, and
(ii) upon the occurrence and during the continuation of any other Event of Default, Joint Bookrunners and Administrative Agent shall, upon the written request or with the written consent of Requisite Lenders, by written notice to Company,
declare all or any portion of the amounts described in clauses (a) through (d) above to be, and the same shall forthwith become, immediately due and payable, and the obligation of each Lender to make any Loan or create or purchase any
Acceptance, the obligation of Deutsche Bank to issue any Letter of Credit and the right of any Lender to issue any Letter of Credit hereunder shall thereupon terminate; provided that the foregoing shall not affect in any way the obligations
of Lenders under subsection 2.1A(iii) or 3.3C(i). 
 Any amounts described in clauses (b) and
(c) above shall be paid to the applicable Administrative Agent and shall be held by such Administrative Agent in a collateral account as Cash Collateral for the obligation of Company to reimburse drawings under Letters of Credit and the
obligations of Canada Safeway to pay the amount of such Acceptances at maturity, and upon any drawing under such a Letter of Credit or the maturity of such an Acceptance, such Administrative Agent shall apply such amounts held pursuant to the terms
of the collateral account agreement to the payment thereof. At the time of any payment of such amounts, each 

  
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Borrower agrees to enter into a collateral account agreement in form and substance satisfactory to the applicable Administrative Agent. 

Notwithstanding anything contained in the second preceding paragraph, if at any time within 60 days after an acceleration
of the Loans and Acceptances pursuant to such paragraph Borrowers shall pay all arrears of interest and all payments on account of principal which shall have become due otherwise than as a result of such acceleration (with interest on principal and,
to the extent permitted by law, on overdue interest, at the rates specified in this Agreement) and all Events of Default and Potential Events of Default (other than non-payment of the principal of and accrued interest on the Loans, in each case
which is due and payable solely by virtue of acceleration) shall be remedied or waived pursuant to subsection 13.6, then Requisite Lenders, by written notice to Borrowers, may at their option rescind and annul such acceleration and its consequences;
but such action shall not affect any subsequent Event of Default or Potential Event of Default or impair any right consequent thereon. The provisions of this paragraph are intended merely to bind Lenders to a decision which may be made at the
election of Requisite Lenders and are not intended to benefit Borrowers and do not grant Borrowers the right to require Lenders to rescind or annul any acceleration hereunder, even if the conditions set forth herein are met. 

 

	Section 11.    AGENTS	

  

	11.1	 Appointment; Delegation. 

 Deutsche Bank is hereby appointed Domestic Administrative Agent and a Primary Agent, Deutsche Bank Canada is hereby appointed Canadian Administrative Agent and a Primary Agent, and Bank of America,
JPMorgan and each Joint Bookrunner is hereby appointed a Primary Agent for the purposes of this Agreement and the other Loan Documents and each Lender hereby authorizes each Primary Agent to act as its agent in accordance with the terms of this
Agreement and the other Loan Documents. Each Primary Agent agrees to act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable. The provisions of this Section 11 are solely for the benefit of Agents
and Lenders and no Loan Party shall have any rights as a third party beneficiary of any of the provisions thereof (except for the consent right in subsection 11.5A). In performing its functions and duties under this Agreement, each Agent shall act
solely as an agent of Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Company or any of its Subsidiaries. 

Borrowers and the Lenders hereby acknowledge and agree the Agents are neither agents or fiduciaries of any Borrower or
any Lender, and such Persons in such capacities shall have no rights, duties or responsibilities hereunder or under the other Loan Documents except those applicable to Lenders generally and except as set forth in subsection 13.1. 

Each Primary Agent may execute any of its duties under this Agreement or any other Loan Document by or through agents,
employees or attorneys-in-fact appointed by such Primary Agent. Each Primary Agent and any such sub-agent may perform any and all of the duties of such Primary Agent and exercise the rights and powers of such Primary Agent by or through their
respective Affiliates and the partners, directors, officers, employees, agents and 

  
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advisors of such Person and of such Person’s Affiliates (“Related Parties”). The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related
Parties of the Primary Agents 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 other activities as Joint Bookrunners or activities as
Administrative Agents, as the case may be. 
  

	11.2	 Powers; General Immunity. 

 A. Duties Specified. Each Lender irrevocably authorizes each Primary Agent to take such action on such Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the
other Loan Documents as are specifically delegated to such Primary Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each Primary Agent shall have only those duties and
responsibilities that are expressly specified for such Primary Agent in this Agreement and the other Loan Documents, and it may exercise such powers, rights and remedies and perform such duties by or through its agents or employees, it being
understood that, except as expressly specified herein, no Primary Agent other than the Administrative Agents shall have any duties or responsibilities under this Agreement and the other Loan Documents. The duties of the Administrative Agents shall
be mechanical and administrative in nature. No Primary Agent shall have, by reason of this Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender; and nothing in this Agreement or any of the other Loan
Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Primary Agent any obligations in respect of this Agreement or any of the other Loan Documents except as expressly set forth herein or therein. 

B. No Responsibility for Certain Matters. No Agent shall be responsible to any Lender for the execution,
effectiveness, genuineness, validity, enforceability, collectibility or sufficiency of this Agreement or any other Loan Document or for any representations, warranties, recitals or statements made herein or therein or made in any written or oral
statements or in any financial or other statements, instruments, reports or certificates or any other documents furnished or made by any Agent to Lenders or by or on behalf of Company to any Agent or any Lender in connection with the Loan Documents
and the transactions contemplated thereby or for the financial condition or business affairs of Company or any other Person liable for the payment of any Obligations, nor shall any Agent be required to ascertain or inquire as to the performance or
observance of any of the terms, conditions (other than those set forth in subsection 6.1), provisions, covenants or agreements contained in any of the Loan Documents or as to the use of the proceeds of the Loans or the Acceptances or the use of the
Letters of Credit or as to the existence or possible existence of any Event of Default or Potential Event of Default. Anything contained in this Agreement to the contrary notwithstanding, each Agent shall not have any liability arising from
confirmations of the amount of outstanding Loans or the Letter of Credit Usage or the component amounts thereof. 
 C. Exculpatory Provisions. No Agent nor its officers, directors, employees or agents shall be liable to Lenders for any action taken or omitted by such Agent under or in connection with any of the
Loan Documents except to the extent caused by such Agent’s gross negligence or willful misconduct. If any Agent shall request instructions from Lenders with respect to any act or action (including the failure to take an action) in connection
with this 

  
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Agreement or any of the other Loan Documents or from the exercise of any power, discretion or authority vested in it hereunder or thereunder, such Agent shall be entitled to refrain from such act
or taking such action unless and until such Agent shall have received instructions from Requisite Lenders (or such other Lenders as may be required to give such instructions under subsection 13.6) and, upon receipt of such instructions from
Requisite Lenders (or such other Lenders, as the case may be), such Agent shall be entitled to act or (where so instructed) refrain from acting, or to exercise such power, discretion or authority, in accordance with such instructions;
provided that no Agent shall be required to take any action that, in its opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to any Loan Document or applicable law. Without prejudice to the generality
of the foregoing, (i) each Agent shall be entitled to rely, and shall be fully protected in relying, upon any communication (including any electronic message, Internet or intranet website posting or other distribution), instrument or
document believed by such Agent, in good faith, to be genuine and correct and to have been signed or sent by the proper person or persons, and shall be entitled to rely and shall be protected in relying on opinions and judgments of attorneys (who
may be attorneys for Company and its Subsidiaries), accountants, experts and other professional advisors selected by it; and (ii) no Lender shall have any right of action whatsoever against any Agent as a result of such Agent acting or (where
so instructed) refraining from acting under this Agreement or any of the other Loan Documents in accordance with the instructions of Requisite Lenders (or such other Lenders as may be required to give such instructions under subsection 13.6). Each
Agent shall be entitled to refrain from exercising any power, discretion or authority vested in it under this Agreement or any of the other Loan Documents unless and until it has obtained the instructions of Requisite Lenders or all Lenders, as
applicable. 
 D. Agents Entitled to Act as Lender. The agency hereby created shall in no way impair or
affect any of the rights and powers of, or impose any duties or obligations upon, any Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans, the Acceptances and the Letters of Credit, each Agent shall
have the same rights and powers hereunder as any other Lender and may exercise the same as though it were not performing the duties and functions delegated to it hereunder, and the term “Lender” or “Lenders” or any similar term
shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity. Each Agent and its Affiliates may accept deposits from, lend money to, acquire equity interests in and generally engage in any kind of commercial
banking, investment banking, trust, financial advisory or other business with Company or any of its Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from Company and its Subsidiaries
for services in connection with this Agreement and otherwise without having to account for the same to Lenders. 
  

	11.3	 Independent Investigation by Lenders; No Responsibility For Appraisal of Creditworthiness. 

Each Lender agrees that it has made its own independent investigation of the financial condition and affairs of Company
and its Subsidiaries in connection with the making of the Loans, the creation of Acceptances and the issuance of Letters of Credit hereunder and that it has made and shall continue to make its own appraisal of the creditworthiness of Company and its
Subsidiaries. No Agent shall have any duty or responsibility, either initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to 

  
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provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter (except such
information as is, pursuant to the terms of this Agreement, required to be circulated by such Agent, to Lenders), and no Agent shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation
made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or
observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Event of Default, (iv) the 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 subsection 6.2 or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative
Agents. 
  

	11.4	 Right to Indemnity. 

 Each Lender, in proportion to its Aggregate Pro Rata Share, severally agrees to indemnify each Agent and each of their respective officers, directors, employees, agents, attorneys, professional advisors
and Affiliates, to the extent that such Agent shall not have been reimbursed by Borrowers, for and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including, but not limited to
reasonable counsel fees and disbursements and fees and disbursements of any financial advisor engaged by such Agent) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such Agent or such other
Person, in the performance by such Agent of its duties hereunder or under the other Loan Documents or otherwise in its capacity as Agent, in any way relating to or arising out of this Agreement or the other Loan Documents, as the case may be;
provided that no Lender shall be liable to such Agent for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the gross negligence or willful
misconduct of such Agent. If any indemnity furnished to any Agent for any purpose shall, in the opinion of such Agent be insufficient or become impaired, such Agent may call for additional indemnity and cease, or not commence, to do the acts
indemnified against until such additional indemnity is furnished. 
  

	11.5	 Successor Primary Agent and Swing Line Lender. 

A. Successor Primary Agent. Any Primary Agent may resign at any time by giving 30 days’ prior written notice
thereof to Lenders and Company, and any Primary Agent may be removed at any time with or without cause by an instrument or concurrent instruments in writing delivered to Company and Primary Agents and signed by Requisite Lenders. Upon any such
notice of resignation or any such removal, Requisite Lenders shall have the right, upon five (5) Business Days’ notice to Company, to appoint a successor Primary Agent, as applicable; provided that if no Event of Default under
subsection 10.1, 10.6 or 10.7 has occurred and is continuing, such appointment shall be subject to Company’s consent, which consent shall not be unreasonably withheld or delayed; provided, further, that if Requisite Lenders have
not acted to appoint a successor Primary Agent, as applicable, within 30 days after any such notice of resignation or any such removal, then the remaining Primary Agent or Primary Agents shall appoint such a successor (subject to Company’s
consent to such appointment, such consent not 

  
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to be unreasonably withheld), and in the event there is no remaining Primary Agent, Company shall appoint such a successor. Upon the acceptance of any appointment as an Administrative Agent or
other Primary Agent hereunder by a successor Administrative Agent or other Primary Agent, as applicable, such successor Administrative Agent or other Primary Agent shall thereupon succeed to and become vested with all the rights, powers, privileges
and duties of the retiring or removed Administrative Agent or other Primary Agent, as applicable, and the retiring or removed Administrative Agent or other Primary Agent shall be discharged from its duties and obligations under this Agreement. After
any retiring or removed Administrative Agent’s or other Primary Agent’s resignation or removal hereunder as Administrative Agent or such other Primary Agent, as applicable, the provisions of this Section 11 shall inure to its benefit
as to any actions taken or omitted to be taken by it while it was Administrative Agent or such other Primary Agent, as applicable, under this Agreement. 
 B. Successor Swing Line Lender. Any Swing Line Lender may resign at any time by giving 30 days’ prior written notice thereof to Lenders and Company. Upon receipt of any such notice of
resignation, Company shall have the right to appoint as a successor Swing Line Lender any Lender that agrees, in its sole discretion, to accept the Domestic Swing Line Commitment or Canadian Swing Line Commitment, as the case may be, of the
resigning Swing Line Lender. Upon the acceptance of any appointment as Swing Line Lender hereunder by a successor Swing Line Lender, such successor Swing Line Lender shall thereupon succeed to and become vested with all the rights, powers,
privileges and duties of the resigning Swing Line Lender, and the resigning Swing Line Lender shall thereupon be discharged from its duties and obligations under this Agreement, provided that the resigning Swing Line Lender shall be so
discharged in any case no later than 30 days after giving written notice of its resignation as contemplated hereunder. After any resigning Swing Line Lender’s resignation hereunder, the provisions of this Section 11 shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was Swing Line Lender under this Agreement. 
  

	11.6	 Collateral Account Agreement; Subsidiary Borrower Guaranty. 

Each Lender hereby further authorizes Administrative Agent, on behalf of and for the benefit of Lenders, to accept the
Subsidiary Borrower Guaranty and, as secured party on behalf of and for the benefit of Agents and Lenders, to enter into a collateral account agreement as contemplated by Section 10 of this Agreement, and agrees to be bound by the terms of any
such collateral account agreement. Anything contained in any of the Loan Documents to the contrary notwithstanding, each Lender agrees that no Lender shall have any right individually to realize upon any of the collateral under any such collateral
account agreement or to enforce the Subsidiary Borrower Guaranty, it being understood and agreed that all rights and remedies under the Subsidiary Borrower Guaranty and any such collateral account agreement may be exercised solely by Administrative
Agent for the benefit of Agents and Lenders in accordance with the terms thereof. Administrative Agent will not release Company from its obligations under the Subsidiary Borrower Guaranty and will not release any collateral under any such collateral
account agreement without the prior written consent of all Lenders. 
 11.7 Administrative Agents May File Proofs of
Claim. In case of the pendency of any proceeding under any Insolvency Law or any other judicial proceeding relative to any Loan Party, each Administrative Agent (irrespective of whether the principal of any Loan or the Letter

  
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of Credit Usage shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether such Administrative Agent shall have made any demand on the applicable
Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise: 
 (i) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, the Letter of Credit Usage and all other Obligations that are owing and unpaid
and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and the Administrative Agents (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and
the Administrative Agents and their respective agents and counsel and all other amounts due the Lenders, the applicable Issuing Banks and the Administrative Agents under subsections 2.3, 3.2, 13.2 and 13.3) allowed in such judicial proceeding; and

 (ii) to collect and receive any monies or other property payable or deliverable on any such
claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar
official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agents and, in the event that the Administrative Agents shall consent to the making of such payments directly to the Lenders, to
pay to the Administrative Agents any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under subsections 2.3,
3.2, 13.2 and 13.3. 
  

	Section 12.	COMPANY GUARANTY OF CANADA SAFEWAY’S OBLIGATIONS 

 Company hereby unconditionally guaranties the due and punctual payment of all obligations of Canada Safeway arising under this Agreement, any Notes, any Acceptances and any other Loan Documents, in each
case when due, whether by required prepayment, declaration, demand or otherwise (including amounts which would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a) or
operation of any stay under applicable Canadian law) (the “Subsidiary Borrower Obligations”), and agrees to pay any and all costs and expenses (including fees and disbursements of counsel) incurred by any Agent or Lender in
enforcing any rights under this guaranty. For purposes of this Section 12, the obligations of Company under this Section 12, as they may be amended, modified or supplemented from time to time, are referred to as its “Subsidiary
Borrower Guaranty.” 
 Company agrees that the Subsidiary Borrower Obligations may be extended or
renewed, in whole or in part, without notice or further assent from it, and that it will remain bound upon this Subsidiary Borrower Guaranty notwithstanding any extension, renewal or other alteration of any such Subsidiary Borrower Obligation or any
other Obligation. 
 Company waives presentation of, demand of and protest of any Subsidiary Borrower Obligation
and also waives notice of protest for nonpayment. The obligations of 

  
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Company under this Subsidiary Borrower Guaranty shall be valid and enforceable and shall not be subject to any limitation, impairment, or discharge for any reason (other than payment in full of
the Subsidiary Borrower Obligations) and Company hereby irrevocably waives any defenses it may now or hereafter have in any way relating thereto, including, without limitation, the occurrence of any of the following, whether or not Company shall
have had notice or knowledge of any of them: 
 (a) the failure of any Domestic Lender, Canadian
Lender or any other Lender to assert any claim or demand or to enforce any right or remedy against Canada Safeway, Company or any other Person under the provisions of this Agreement, this Subsidiary Borrower Guaranty or any other Loan Document,

 (b) any extension or renewal of any provision of any thereof, 

(c) any rescission, waiver, amendment or modification of any of the terms or provisions of this Agreement
or any other Loan Document (other than this Section 12, it being agreed and understood that any waiver, amendment or modification of this Section 12 shall be limited exactly as written and shall not, except as expressly written, affect the
obligations of Company under this Subsidiary Borrower Guaranty), 
 (d) the failure to perfect
any security interest in, or the release of, any of the security held by any Agent or any Lender for the Subsidiary Borrower Obligations hereby guarantied or any of them or held by any Agent, any Lender or any other Person for any of the Obligations
or any of them, or 
 (e) the failure of any Lender to exercise any right or remedy against any
other guarantor of the Subsidiary Borrower Obligations or the Obligations. 
 Company further agrees that this
Subsidiary Borrower Guaranty constitutes a guaranty of payment when due and not of collection and waives any right to require that any resort be had by any Agent or Lender to any of the security held for payment of the Subsidiary Borrower
Obligations or to any balance of any deposit account or credit on the books of any Agent or Lender in favor of Company, Canada Safeway or any other Person. 
 The obligations of Company under this Subsidiary Borrower Guaranty shall not be subject to any reduction, limitation, impairment or termination for any reason, including, without limitation, any claim of
waiver, release, surrender, alteration or compromise of any of the Subsidiary Borrower Obligations, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or
unenforceability of any of the Subsidiary Borrower Obligations, discharge of Canada Safeway from any of the Subsidiary Borrower Obligations in a bankruptcy or similar proceeding, or otherwise. Without limiting the generality of the foregoing, the
obligations of Company under this Subsidiary Borrower Guaranty shall not be discharged or impaired or otherwise affected by the failure of any Agent or Lender to assert any claim or demand or to enforce any remedy under this Agreement or any
document or instrument executed by Canada Safeway in connection therewith, by any waiver or modification of any thereof, by any default, failure or delay, willful 

  
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or otherwise, in the performance of the Subsidiary Borrower Obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any
extent vary the risk of Company or which would otherwise operate as a discharge of Company as a matter of law or equity. 
 Company further agrees that this Subsidiary Borrower Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of or interest
on any Subsidiary Borrower Obligation is rescinded or must otherwise be restored by any Agent or Lender upon the bankruptcy or reorganization of Canada Safeway, any other Person or otherwise. 

Company further agrees, in furtherance of the foregoing and not in limitation of any other right which any Agent or
Lender may have at law or in equity against Company by virtue hereof, upon the failure of Canada Safeway to pay any of the Subsidiary Borrower Obligations when and as the same shall become due, whether by required prepayment, declaration, demand or
otherwise (including amounts which would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a) or operation of any stay under applicable Canadian law), Company will forthwith
pay, or cause to be paid, in cash, to Administrative Agent for the ratable benefit of Lenders an amount equal to the sum of the unpaid principal amount of such Subsidiary Borrower Obligations then due as aforesaid, accrued and unpaid interest on
such Subsidiary Borrower Obligations (including, without limitation, interest which, but for the filing of a petition in bankruptcy with respect to Company, would accrue on such Subsidiary Borrower Obligations) and all other Subsidiary Borrower
Obligations then owed to Agents and Lenders as aforesaid. 
 Upon payment by Company of any sum to
Administrative Agent for the ratable benefit of Agents and Lenders as provided above so long as any of the Subsidiary Borrower Obligations shall remain outstanding hereunder, all rights of Company against Canada Safeway arising as a result thereof,
by way of right of subrogation or otherwise, shall in all respects be subordinate and junior in right of payment to the prior indefeasible payment in full of all the Subsidiary Borrower Obligations to Agents and Lenders. 

This Subsidiary Borrower Guaranty shall be binding upon Company and its successors and assigns and shall inure to the
benefit of the successors and assigns of Agents and Lenders and, in the event of any transfer and assignment of rights by an Agent or Lender, the rights and privileges herein conferred upon such Agent or Lender shall automatically extend to and be
vested in such transferee or assignee, all subject to the terms and conditions hereof. 
 Notwithstanding any
provisions of subsection 5.1 to the contrary, all sums payable by Company under this Subsidiary Borrower Guaranty shall be paid free and clear of and (except to the extent required by law) without any deduction or withholding on account of any Tax
(other than any Excluded Tax) imposed, levied, collected, withheld or assessed by or within the United States of America or any political subdivision in or of the United States of America or any other jurisdiction from or to which a payment is made
by or on behalf of Company or by any federation or organization of which the United States of America or any such jurisdiction is a member at the time of payment. If Company is required by law to make any deduction or withholding on account of any
such Tax from any sum paid or payable by 

  
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Company to any Agent or any Lender hereunder with respect to any of the Subsidiary Borrower Obligations and such deduction or withholding would not have been required if Canada Safeway were to
have paid such Subsidiary Borrower Obligation, Company agrees, as a separate obligation, to pay such additional amounts to such Agent or Lender, as the case may be, so that the sum payable by Company in respect of which the relevant deduction,
withholding or payment is required shall be increased to the extent necessary to ensure that, after the making of that deduction, withholding or payment, such Agent or Lender, as the case may be, receives on the due date of such payment on an
after-tax basis a net sum equal to what it would have received had no such deduction, withholding or payment been required or made. 
  

	Section 13.    MISCELLANEOUS	

 13.1 Successors and Assigns;
Assignments and Participations in Loans and Letters of Credit. 
 A. General. This Agreement shall
be binding upon the parties hereto and their respective successors and assigns and shall inure to the benefit of the parties hereto and the successors and assigns of Lenders (it being understood that Lenders’ rights of assignment are subject to
the further provisions of this subsection 13.1). Neither Borrower’s rights or obligations hereunder nor any interest therein may be assigned or delegated by Borrower without the prior written consent of all Lenders (and any attempted assignment
or transfer by such Borrower without such consent shall be null and void). No sale, assignment or transfer or participation of any Letter of Credit or any participation therein may be made separately from a sale, assignment, transfer or
participation of a corresponding interest in the Domestic Commitment and the Domestic Loans of the Lender effecting such sale, assignment, transfer or participation. No such sale, assignment, transfer or participation of any Acceptance or related
Draft or any participation therein may be made separately from a sale, assignment, transfer or participation of a corresponding interest in the Canadian Commitment and the Canadian Loans (other than Canadian Swing Line Loans of the Lender effecting
such sale, assignment, transfer or participation as permitted herein). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted
hereby and, to the extent expressly contemplated hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
  

	 	B.	 Assignments. 

 (i) Amounts and Terms of Assignments. Any Lender may assign to one or more Eligible Assignees all or any portion of its rights and obligations under this Agreement; provided that
(a), except (1) in the case of an assignment of the entire remaining amount of the assigning Lender’s rights and obligations under this Agreement or (2) in the case of an assignment to a Lender or an Affiliate of a Lender or an
Approved Fund of a Lender, the aggregate amount of the Domestic Loan Exposure or Canadian Loan Exposure, as the case may be, of the assigning Lender and the assignee subject to each such assignment shall not be less than $10,000,000, in the case of
any assignment of a Loan, unless the applicable Administrative Agent and, so long as no Event of Default under subsection 10.1, 10.6 or 10.7 has occurred and is continuing, Company otherwise consents (each such consent not to be unreasonably
withheld); provided that Company 

  
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shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the applicable Administrative Agent within fifteen (15) Business Days after
having received written notice thereof, (b) 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 with respect to the Loan or the Commitment
assigned, and any assignment of all or any portion of a Commitment, Loan, Letter of Credit or Acceptance participation shall be made only as an assignment of the same proportionate part of the assigning Lender’s Commitment, Loans, Letter of
Credit and Acceptance participations, (c) the parties to each assignment shall execute and deliver to the applicable Administrative Agent an Assignment Agreement, together with a processing and recordation fee of $3,500 (unless the assignee is
an Affiliate or an Approved Fund of the assignor, in which case no fee shall be required), provided that such Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment.
The Eligible Assignee, if it shall not be a Lender, shall deliver to the applicable Administrative Agent information reasonably requested by such Administrative Agent, including such forms, certificates or other evidence, if any, with respect to Tax
matters as the assignee under such Assignment Agreement may be required to deliver to the applicable Administrative Agent pursuant to subsection 5.1B and (d), except in the case of an assignment to another Lender, an Affiliate of a Lender or an
Approved Fund of a Lender, each Administrative Agent, each affected Issuing Lender, each affected Swing Line Lender and, if no Event of Default under subsection 10.1, 10.6 or 10.7 has occurred and is continuing, Company, shall have consented thereto
(each such consent not to be unreasonably withheld); provided that Company shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the applicable Administrative Agent within fifteen
(15) Business Days after having received written notice thereof. To the extent that an assignment of all or any portion of a Lender’s Commitment, Loans, Letter of Credit and Acceptance participations and related outstanding Obligations
pursuant to subsections 2.8A(iv), 5.3 or this subsection 13.1B would, at the time of such assignment, result in increased costs under subsection 5.1 from those being charged by the respective assigning Lender prior to such assignment, then the
applicable Borrower shall not be obligated to pay such increased costs (although such Borrower, in accordance with and pursuant to the other provisions of this Agreement, shall be obligated to pay any other increased costs of the type described
above resulting from changes after the date of the respective assignment). 
 No such assignment
shall be made (A) to the Borrowers or any of the Borrowers’ Affiliates or Subsidiaries, or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the
foregoing Persons described in this clause (B), or (C) to a natural person. 
 In connection
with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such
additional payments to the applicable Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other
compensating actions, including funding, with the consent of Company and the 

  
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applicable Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby
irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the applicable Administrative Agent, each Issuing Lender, each Swing Line Lender and each other Lender hereunder (and interest
accrued thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swing Line Loans in accordance with its Aggregate Pro Rata Share. Notwithstanding the foregoing, in the
event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a
Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

Notwithstanding the provisions of the preceding paragraphs of this subsection, any Canadian Lender that is
not resident in the United States of America for withholding tax purposes shall have the option to assign only its obligation to fund Canadian/U.S. Loans from time to time upon its receipt of a Notice of Borrowing relating thereto, together with all
of its rights to receive payments of principal of and interest on such Loans (including any such Canadian/U.S. Loans theretofore funded and outstanding), to a U.S. Affiliate of such Canadian Lender (such an assignment, a “Canadian/U.S.
Funding Assignment”); provided no such assignment shall relieve such Canadian Lender of its obligation to fund Loans (including Canadian/U.S. Loans) under subsection 2.1A(ii). Any such assignment shall obligate the U.S. Affiliate of
such Canadian Lender to make such Loans on behalf of such Canadian Lender, and Company shall be an express and intended third-party beneficiary of any such assignment and shall have such rights and remedies against a U.S. Affiliate of any Canadian
Lender with respect to the funding of any Canadian/U.S. Loan as Company would have against such Canadian Lender with respect to such Loan. If any Canadian Lender proposing to make an assignment of its Canadian Commitments, Canadian Loans and
Acceptances in accordance with the first paragraph of this subsection 13.1B, has theretofore entered into a Canadian/U.S. Funding Assignment with its U.S. Affiliate, such Lender and its U.S. Affiliate shall jointly enter into such proposed
assignment so that the conditions set forth in clause (b) of the first paragraph of this subsection 13.1B are satisfied as if such Canadian Lender and its U.S. Affiliate were a single Lender. No processing and recordation fee shall be payable
to Administrative Agent in connection with any Canadian/U.S. Funding Assignment. 
 Upon the
execution and delivery of an Assignment Agreement (together with any consents required in connection therewith), from and after the effective date specified in the Assignment Agreement, (y) the assignee thereunder shall be a party hereto and,
to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment Agreement, shall have the rights and obligations of a Lender hereunder and (z) except as set forth herein with respect to Canadian/U.S.
Funding Assignments, the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment Agreement, relinquish its rights (other than any rights which survive the
termination of this Agreement under subsection 13.9B) and be released from its obligations under this Agreement (and, in the case of an Assignment Agreement covering all or the remaining portion of an assigning Lender’s

  
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rights and obligations under this Agreement, such Lender shall cease to be a party hereto; provided that, (i) anything contained in any of the Loan Documents to the contrary
notwithstanding, if such Lender is an Issuing Lender such Lender shall continue to have all rights and obligations of an Issuing Lender until the cancellation or expiration of any Letters of Credit issued by it and the reimbursement of any amounts
drawn thereunder) and (ii) except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s
having been a Defaulting Lender. The assigning Lender shall, upon the effectiveness of such assignment or as promptly thereafter as practicable, surrender its Notes, if any, to the applicable Administrative Agent for cancellation, and thereupon new
Notes shall, if so requested by the assignee and/or the assigning Lender in accordance with subsection 2.1E, be issued to the assignee and/or to the assigning Lender, substantially in the form of Exhibit IV-A or Exhibit IV-B annexed
hereto, as the case may be, with appropriate insertions to reflect the amounts of the new Commitments and/or outstanding Loans, as the case may be, of the assignee and/or the assigning Lender. Other than as provided in subsection 13.5, any
assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection 13.1B 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 subsection 13.1C. 
 Notwithstanding anything to the contrary
contained herein, any Lender (a “Designating Lender”) may grant to one or more special purpose funding vehicles (each, an “SPV”), identified as such in writing from time to time by Designating Lender to
Administrative Agents and Borrowers, the option to provide to a Borrower all or any part of any Loan that such Designating Lender would otherwise be obligated to make to that Borrower pursuant to this Agreement; provided that (i) nothing herein
shall constitute a commitment by any SPV to make any Loan, (ii) if an SPV elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Designating Lender shall be obligated to make such Loan pursuant to the
terms hereof, (iii) the Designating Lender shall remain liable for any indemnity or other payment obligation or other obligation with respect to its Commitment hereunder and (iv) there shall be no increased cost to Borrowers as a result thereof
(including without limitation as a result of taxes or otherwise). The making of a Loan by an SPV hereunder shall utilize the Commitment of Designating Lender to the same extent, and as if, such Loan were made by such Designating Lender. 

As to any Loans or portion thereof made by it, each SPV (in lieu of its Designating Lender, unless
otherwise agreed by such Designating Lender and such SPV) shall have all the rights that a Lender making such Loans or portion thereof would have had under this Agreement; provided, however, that each SPV shall have granted to its Designating Lender
an irrevocable power of attorney, to deliver and receive all communications and notices under this Agreement (and any Loan Documents) and to exercise on such SPV’s behalf, all of such SPV’s voting rights under this Agreement. No additional
Note shall be required to evidence the Loans or portion thereof made by an SPV; and the related Designating Lender shall be deemed to hold its Note as agent for such SPV to the extent of the Loans or portion thereof funded by such SPV. In addition,

  
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any payments for the account of any SPV shall be paid to its Designating Lender as agent for such SPV. 

Each party hereto hereby agrees that no SPV shall be liable for any indemnity or payment under this
Agreement for which a Lender would otherwise be liable. In furtherance of the foregoing, each party hereto hereby agrees (which agreements shall survive the termination of this Agreement) that, prior to the date that is one year and one day after
the payment in full of all outstanding commercial paper or other senior indebtedness of any SPV, it will not institute against, or join any other person in instituting against, such SPV any bankruptcy, reorganization, arrangement, insolvency or
liquidation proceedings under the laws of the United States or any State thereof. 
 In addition,
notwithstanding anything to the contrary contained in this subsection 13.1 or otherwise in this Agreement, any SPV may (i) at any time and without paying any processing fee therefor, assign or participate all or a portion of its interest in any
Loans (x) to the Designating Lender or (y) to any financial institutions providing liquidity and/or credit support to or for the account of such SPV to support the funding or maintenance of Loans, provided that, in the case of this clause
(y), there shall be no increased cost to Borrowers as a result thereof (including, without limitation, as a result of taxes or otherwise), and (ii) disclose on a confidential basis any non-public information relating to its Loans to any rating
agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancements to such SPV, provided that prior to Designating Lender granting the option to SPV or prior to making any such disclosure to a dealer or
provider, Designating Lender shall cause such SPV or such dealer or provider, as the case may be, to deliver to Administrative Agent an agreement in writing to be bound by the provisions of subsection 13.17. 

Notwithstanding the foregoing provisions of this subsection 13.1B(i) or any other provision of this
Agreement, if Company shall have consented thereto in writing in its sole discretion, the applicable Administrative Agent shall have the right, but not the obligation, to effectuate assignments of Domestic Loans, Canadian Loans, Domestic
Commitments, Canadian Commitments, participations in Letters of Credit and Acceptances via an electronic settlement system acceptable to such Administrative Agent and Company as designated in writing from time to time to the applicable Lenders by
the applicable Administrative Agent (the “Settlement Service”). At any time when the applicable Administrative Agent elects, in its sole discretion, to implement such Settlement Service, each such assignment shall be effected by the
assigning Lender and proposed Eligible Assignee pursuant to the procedures then in effect under the Settlement Service, which procedures shall be subject to the prior written approval of Company and shall be consistent with the other provisions of
this subsection 13.1B(i). Each assigning Lender and proposed Eligible Assignee shall comply with the requirements of the Settlement Service in connection with effecting any assignment of Domestic Loans, Canadian Loans, Domestic Commitments, Canadian
Commitments, participations in Letters of Credit and Acceptances pursuant to the Settlement Service. Assignments and assumptions of Domestic Loans, Canadian Loans, Domestic Commitments, Canadian Commitments, participations in Letters of Credit and
Acceptances shall be effected by the provisions otherwise set forth herein until the applicable Administrative Agent 

  
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notifies the applicable Lenders of the Settlement Service as set forth herein. Company may withdraw its consent to the use of the Settlement Service at any time upon notice to the applicable
Administrative Agent, and thereafter assignments and assumptions of the Domestic Loans, Canadian Loans, Domestic Commitments, Canadian Commitments, participations in Letters of Credit and Acceptances shall be effected by the provisions otherwise set
forth herein. 
 (ii) Acceptance by Administrative Agents; Recordation in Registers. Upon
its receipt of an Assignment Agreement executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with the processing and recordation fee referred to in subsection 13.1B(i) (except in the case of a
Canadian/U.S. Funding Assignment, any assignment to an Affiliate or an Approved Fund of the assignor or any assignment undertaken pursuant to subsection 5.3) and any forms, certificates or other evidence with respect to Tax matters that such
assignee may be required to deliver to the applicable Administrative Agent pursuant to subsection 5.1B, the applicable Administrative Agent shall, if the applicable Administrative Agent, each Joint Bookrunner, each Issuing Lender, each Swing Line
Lender and Company have consented to the assignment evidenced thereby (in each case to the extent such consent is required pursuant to subsection 13.1B(i)), (a) accept such Assignment Agreement by executing a counterpart thereof as provided
therein (which acceptance shall evidence any required consent of the applicable Administrative Agent to such assignment), (b) record the information contained therein in the applicable Register, and (c) give prompt notice thereof to
Company. Each Administrative Agent shall maintain a copy of each applicable Assignment Agreement delivered to and accepted by it as provided in this subsection 13.1B(ii). 

With respect to any Lender, the transfer of the Commitments of such Lender and the rights to the principal of, and
interest on, any Loan made pursuant to such Commitments shall not be effective until such transfer is recorded on the applicable Register maintained by the applicable Administrative Agent with respect to ownership of such Commitments and Loans and
prior to such recordation all amounts owing to the transferor with respect to such Commitments and Loans shall remain owing to the transferor. The registration of assignment or transfer of all or part of any Commitments and Loans shall be recorded
by the applicable Administrative Agent on the applicable Register upon and only upon the acceptance by such Administrative Agent of a properly executed and delivered Assignment Agreement pursuant to this subsection 13.1(B)(ii). Upon such acceptance
and recordation, the assignee specified therein shall be treated as a Lender for all purposes of this Agreement. Coincident with the delivery of such an Assignment Agreement to the applicable Administrative Agent for acceptance and registration of
assignment or transfer of all or part of a Loan, or as soon thereafter as practicable, the assigning or transferor Lender shall surrender the Note (if any) evidencing such Loan, and thereupon one or more new Notes in the same aggregate principal
amount shall be issued to the assigning or transferor Lender and/or the new Lender at the request of any such Lender. 
 C. Participations. Any Lender may, without the consent of, or notice to, Company or the applicable Administrative Agent, sell participations to one or more Persons (other than a

  
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natural Person or Company or any of its Affiliates) in all or a portion of such Lender’s rights and/or obligations under this Agreement; 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) Company, the applicable Administrative Agent and
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 shall provide
that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not,
without the consent of the Participant, agree to any amendment, modification or waiver directly affecting (a) the extension of the scheduled final maturity date of any Loan allocated to such participation or (b) a reduction, or extension
of time for payment, of the principal amount of or the rate of interest payable on any Loan allocated to such participation. Subject to the further provisions of this subsection 13.1C, Company agrees that each Participant shall be entitled to the
benefits of subsections 2.6D and 5.1 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection 13.1B. To the extent permitted by law, each Participant also shall be entitled to the benefits of
subsection 13.4 as though it were a Lender, provided such Participant agrees to be subject to subsection 13.5 as though it were a Lender. A Participant shall not be entitled to receive any greater payment under subsections 2.6D and 5.1 than the
applicable Lender would have been entitled to receive, at the time of the participation, with respect to the participation sold to such Participant unless Company has given its prior written consent to the sale of the participation to such
Participant and to such greater payment. No Participant shall be entitled to the benefits of subsection 5.1B unless Company is notified of the participation sold to such Participant and such Participant agrees, for the benefit of Company, to provide
to the applicable Lender the forms described in subsection 5.1B as though it were a Lender providing such forms to the applicable Borrower and agrees to be bound by the provisions of subsection 5.2 as if it were a Lender. Each Lender that sells a
participation shall, acting solely for this purpose as a non-fiduciary agent of the applicable Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each
Participant’s interest in the Loans or other obligations under the Loan Documents owing to each Borrower (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the
Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) except to the
extent that such disclosure to such Person is necessary to establish to a Governmental Authority that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury
Regulations as a result of a request or inquiry by such Governmental Authority. 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, each Lender shall be responsible for the indemnity under subsection 5.1B(iv) with respect to any
payments made by such Lender to its Participant(s). 
 D. Pledges and Assignments to Federal Reserve
Banks. Any Lender may at any time pledge or assign security interest in all or any portion of its Loans, and the other Obligations owed to such Lender, to secure obligations of such Lender, including without limitation any

  
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pledge or assignment to secure obligations to any Federal Reserve Bank; provided that (i) no Lender shall be relieved of any of its obligations hereunder as a result of any such
assignment or pledge and (ii) in no event shall any assignee or pledgee be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder. 

E. Information. Each Lender may furnish any information concerning Company and its Subsidiaries in the possession
of that Lender from time to time to assignees and participants (including prospective assignees and participants), subject to subsection 13.17. 
 F. Agreements of Lenders. Each Lender listed on the signature pages hereof hereby agrees, and each Lender that becomes a party hereto pursuant to an Assignment Agreement shall be deemed to agree,
(i) that it is an Eligible Assignee described in clause (ii) of the definition thereof; (ii) that it has experience and expertise in the making of or purchasing loans such as the Loans; and (iii) that it will make or purchase
Loans for its own account in the ordinary course of its business and without a view to distribution of such Loans within the meaning of the Securities Act or the Exchange Act or other federal securities laws (it being understood that, subject to the
provisions of this subsection 13.1, the disposition of such Loans or any interests therein shall at all times remain within its exclusive control). 
  

	13.2	 Expenses. 

 Whether or not the transactions contemplated hereby shall be consummated, Company agrees to pay promptly (i) all the actual and reasonable out-of-pocket costs and expenses of preparation of the Loan
Documents; (ii) all the reasonable costs of furnishing all opinions by counsel for Borrowers (including without limitation any opinions requested by Lenders as to any legal matters arising hereunder) and of Borrowers’ performance of and
compliance with all agreements and conditions on their parts to be performed or complied with under this Agreement and the other Loan Documents; (iii) the reasonable fees, expenses and disbursements of O’Melveny & Myers LLP (or
any successor counsel) and one Canadian counsel to Primary Agents in connection with the negotiation, preparation, execution and administration of the Loan Documents and the Loans and any consents, amendments, waivers or other modifications hereto
or thereto and any other documents or matters requested by Borrowers; (iv) all other actual and reasonable out-of-pocket travel costs and expenses incurred by Joint Bookrunners and out-of-pocket expenses paid to Intralinks in connection with
the primary syndication of the Commitments and the negotiation, preparation and execution of the Loan Documents and the transactions contemplated hereby and thereby; and (v) after the occurrence and during the continuation of an Event of
Default, all costs and expenses, including reasonable attorneys’ fees and costs of settlement, incurred by any Primary Agent or any Lender in enforcing any Obligations of or in collecting any payments due from Borrowers hereunder or under the
other Loan Documents by reason of such Event of Default or in connection with any refinancing or restructuring of the credit arrangements provided under this Agreement in the nature of a “work-out” or pursuant to any insolvency or
bankruptcy proceedings. 
  

	13.3	 Indemnity. 

 A. In addition to the payment of expenses pursuant to subsection 13.2, whether or not the transactions contemplated hereby shall be consummated, Company agrees to defend,

  
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indemnify, pay and hold harmless each of Administrative Agents, Documentation Agents, Syndication Agents, Joint Bookrunners, Joint Lead Arrangers and Lenders, and the officers, directors,
employees, agents and affiliates of each of Administrative Agents, Documentation Agents, Syndication Agents, Joint Bookrunners, Joint Lead Arrangers and Lenders (collectively called the “Indemnitees”) from and against any and all
other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, claims, costs, expenses and disbursements of any kind or nature whatsoever (including without limitation the reasonable fees and disbursements of counsel for such
Indemnitees in connection with any investigative, administrative or judicial proceeding commenced or threatened by any Person, whether or not any such Indemnitee shall be designated as a party or a potential party thereto), whether direct, indirect
or consequential and whether based on any federal, state or foreign laws, statutes, rules or regulations (including without limitation securities and commercial laws, statutes, rules or regulations and Environmental Laws), on common law or equitable
cause or on contract or otherwise, that may be imposed on, incurred by, or asserted against any such Indemnitee, in any manner relating to or arising out of this Agreement or the other Loan Documents or the transactions contemplated hereby or
thereby (including without limitation Lenders’ agreement to make the Loans hereunder or the use or intended use of the proceeds of any of the Loans or Acceptances or the issuance of Letters of Credit hereunder or the use or intended use of any
of the Letters of Credit) or the statements contained in the commitment letter delivered by any Lender to any Borrower with respect thereto (collectively called the “Indemnified Liabilities”); provided that Company shall not
have any obligation to any Indemnitee hereunder with respect to any Indemnified Liabilities to the extent such Indemnified Liabilities arise solely from the gross negligence, willful misconduct or material breach of its obligations under the
Agreement and other Loan Documents, of that Indemnitee as determined by a final judgment of a court of competent jurisdiction. To the extent that the undertaking to defend, indemnify, pay and hold harmless set forth in the preceding sentence may be
unenforceable because it is violative of any law or public policy, Company shall contribute the maximum portion that it is permitted to pay and satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities incurred by
the Indemnitees or any of them. This subsection 13.3 shall not apply to the extent that the Indemnified Liabilities relate to any Taxes described in subsection 5.1. 

B. To the fullest extent permitted by applicable law, each Borrower shall not assert, and hereby waives, any claim
against any Indemnitees, on any theory of liability, for special, indirect, consequential or incidental damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or
instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other
materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby, except to the extent the
liability of such Indemnitee results from such Indemnitee’s gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final and non appealable decision). 

  
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	13.4	 Set-Off. 

 In addition to any rights now or hereafter granted under applicable law and not by way of limitation of any such rights, upon the occurrence of any Event of Default each Lender is hereby authorized by
each Borrower at any time or from time to time, without notice to such Borrower or to any other Person, any such notice being hereby expressly waived, to set off and to appropriate and to apply any and all deposits (general or special, including,
but not limited to, Indebtedness evidenced by certificates of deposit, whether matured or unmatured, but not including trust accounts) and any other Indebtedness at any time held or owing by that Lender or any bank controlling that Lender to or for
the credit or the account of such Borrower against and on account of the obligations and liabilities of such Borrower to that Lender under this Agreement, any Letters of Credit and participations therein, any Acceptances and the other Loan
Documents, including, but not limited to, all claims of any nature or description arising out of or connected with this Agreement, the Letters of Credit and participations therein, the Acceptances or any other Loan Document, irrespective of whether
or not (i) that Lender shall have made any demand hereunder or (ii) the principal of or the interest on the Loans or any amounts in respect of the Letters of Credit or any other amounts due hereunder or any other Loan Document shall have
become due and payable pursuant to Section 10 and although said obligations and liabilities, or any of them, may be contingent or unmatured; provided that in the event that any Defaulting Lender shall exercise any such right of set-off,
(x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of subsection 2.8 and, pending such payment, shall be segregated by such Defaulting Lender from its
other funds and deemed held in trust for the benefit of the applicable Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the applicable Administrative Agent a statement describing in reasonable detail
the Obligations owing to such Defaulting Lender as to which it exercised such right of set-off. The rights of each Lender and its respective Affiliates under this Section are in addition to other rights and remedies (including other rights of
set-off) that such Lender or its respective Affiliates may have. Each Lender agrees to notify Company and the applicable Administrative Agent promptly after any such set-off and application; provided that the failure to give such notice shall not
affect the validity of such set-off and application. 
  

	13.5	 Ratable Sharing. 

 A. Amounts Owed by Company. Lenders hereby agree among themselves that if any of them shall, whether by voluntary payment, by realization upon security, through the exercise of any right of set-off
or banker’s lien, by counterclaim or cross action or by the enforcement of any right under the Loan Documents or otherwise, or as adequate protection of a deposit treated as Cash Collateral under applicable Insolvency Laws, receive payment or
reduction of a proportion of the aggregate amount of principal, interest, amounts payable in respect of Letters of Credit, fees and other amounts then due and owing to that Lender from Company (and not from Canada Safeway) hereunder or under the
other Loan Documents (collectively, the “Aggregate Amounts Due From Company” to such Lender) which is greater than the proportion received by any other Lender in respect of the Aggregate Amounts Due From Company then due to such
other Lender, then the Lender receiving such proportionately greater payment shall (i) notify each Administrative Agent and each other Lender of the receipt of such payment and (ii) apply a portion of such payment to purchase
participations (which it shall be 

  
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deemed to have purchased from each seller of a participation simultaneously upon the receipt by such seller of its portion of such payment) in the Aggregate Amounts Due From Company then due to
the other Lenders so that all such recoveries of Aggregate Amounts Due From Company then due shall be shared by all Lenders in proportion to the Aggregate Amounts Due From Company then due to them (as calculated prior to such recovery);
provided that if all or part of such proportionately greater payment received by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of Company or otherwise, those purchases shall be rescinded
and the purchase prices paid for such participations shall be returned to such purchasing Lender ratably to the extent of such recovery, but without interest. Company expressly consents to the foregoing arrangement and agrees that any holder of a
participation so purchased may exercise any and all rights of banker’s lien, set-off or counterclaim with respect to any and all monies owing by Company to that holder with respect thereto as fully as if that holder were owed the amount of the
participation held by that holder. 
 B. Amounts Owed By Canada Safeway. Canadian Lenders hereby agree
among themselves that if any of them shall, whether by voluntary payment, by realization upon security, through the exercise of any right of set-off or banker’s lien, by counterclaim or cross action or by the enforcement of any right under the
Loan Documents or otherwise, or as adequate protection of a deposit treated as cash collateral under any applicable Insolvency Laws, receive payment or reduction of a proportion of the aggregate amount of principal, interest, amounts payable in
respect of Loans, Acceptances, fees and other amounts then due and owing to that Lender hereunder or under the other Loan Documents from Canada Safeway (collectively, the “Aggregate Amounts Due From Canada Safeway” to such Lender)
which is greater than the proportion received by any other Canadian Lender in respect of the Aggregate Amounts Due From Canada Safeway to such other Canadian Lender, then the Canadian Lender receiving such proportionately greater payment shall
(i) notify each Administrative Agent and each other Canadian Lender of the receipt of such payment and (ii) apply a portion of such payment to purchase participations (which it shall be deemed to have purchased from each seller of a
participation simultaneously upon the receipt by such seller of its portion of such payment) in the Aggregate Amounts Due From Canada Safeway to the other Canadian Lenders so that all such recoveries of Aggregate Amounts Due From Canada Safeway
shall be shared by all Canadian Lenders in proportion to the Aggregate Amounts Due From Canada Safeway to them (as calculated prior to such recovery); provided that if all or part of such proportionately greater payment received by such
purchasing Canadian Lender is thereafter recovered from such Canadian Lender upon the bankruptcy or reorganization of any Canada Safeway or otherwise, those purchases shall be rescinded and the purchase prices paid for such participations shall be
returned to such purchasing Canadian Lender ratably to the extent of such recovery, but without interest. Canada Safeway expressly consents to the foregoing arrangement and agrees that any holder of a participation so purchased may exercise any and
all rights of banker’s lien, set-off or counterclaim with respect to any and all monies owing by Canada Safeway to that holder with respect thereto as fully as if that holder were owed the amount of the participation held by that holder.

  

	13.6	 Amendments and Waivers; Replacement of Banks. 

A. Amendments and Waivers. Subject to subsection 2.7, no amendment, modification, termination or waiver of any
provision of this Agreement or of the Notes, or 

  
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consent to any departure by any Borrower therefrom, shall in any event be effective without the written concurrence of Requisite Lenders; provided that any such amendment, modification,
termination, waiver or consent which (i) increases the amount of any of the Commitments or reduces the principal amount of any of the Loans; (ii) increases the maximum amount set forth in subsection 3.1A(ii); (iii) changes any
Lender’s Canadian Pro Rata Share, Domestic Pro Rata Share or Aggregate Pro Rata Share (other than pursuant to subsection 13.6B); (iv) changes in any manner the definition of “Requisite Lenders”; (v) changes in any manner any
provision of this Agreement which, by its terms, expressly requires the approval or concurrence of all Lenders; (vi) postpones the scheduled final maturity date of any of the Loans; (vii) postpones the date on which any interest or any
fees are payable (except in accordance with the provisions of the last paragraph of Section 10); (viii) decreases the interest rate borne by any of the Loans (other than any waiver of any increase in the interest rate applicable to any of
the Loans pursuant to subsection 2.2E) or the amount of any fees payable hereunder; (ix) increases the maximum duration of Interest Periods permitted hereunder; (x) reduces the amount or postpones the due date of any amount payable in
respect of, or extends the required expiration date beyond the Termination Date of, any Letter of Credit; (xi) changes in any manner the obligations of Lenders relating to the purchase of participations in Letters of Credit or Swing Line Loans;
or (xii) changes in any manner the provisions contained in subsection 10.1, 13.5, 13.21 or this subsection 13.6, shall be effective only if evidenced by a writing signed by or on behalf of all Lenders with Obligations directly affected thereby;
provided further that this subsection 13.6 shall not supersede any provisions in subsection 2.7 to the contrary. In addition, (i) any amendment, modification, termination or waiver of any of the provisions contained in
Section 6 shall be effective only if evidenced by a writing signed by or on behalf of Joint Bookrunners, Administrative Agents and Requisite Lenders, (ii) no amendment, modification, termination or waiver of any provision of any Note shall
be effective without the written concurrence of the Lender which is the holder of that Note, (iii) no amendment, modification, termination or waiver of any provision relating to the Swing Line Loans (including, without limitation, the
provisions of subsection 2.1A(iii)) shall be effective without the written concurrence of each Swing Line Lender directly affected thereby, (iv) no amendment, modification, termination or waiver of any provision of Section 11 or of any
other provision of this Agreement which, by its terms, expressly requires the approval or concurrence of a Primary Agent shall be effective without the written concurrence of such Primary Agent and (v) no amendment, modification, termination or
waiver of any provision relating to subsection 13.1B(i) shall be effective without the written concurrence of each Designating Lender all or any part of whose Loans are being funded by an SPV at the time of such amendment, modification, termination
or waiver. Each Primary Agent may, but shall have no obligation to, with the concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of that Lender. Any waiver or consent shall be effective only in the specific
instance and for the specific purpose for which it was given. No notice to or demand on any Borrower in any case shall entitle such Borrower to any other or further notice or demand in similar or other circumstances. Any amendment, modification,
termination, waiver or consent effected in accordance with this subsection 13.6 shall be binding upon each Lender at the time outstanding, each future Lender and, if signed by any Borrower, on such Borrower. Notwithstanding anything to the contrary
herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be
effected with the consent of the applicable Lenders other than Defaulting 

  
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Lenders), except that (x) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification
requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender. 

B. Replacement of Banks. If, in connection with any proposed amendment, modification, termination, waiver or
consent to any of the provisions of this Agreement or the Notes as contemplated by clauses (i) through (xii) of the proviso of the first sentence of subsection 13.6A, the consent of Requisite Lenders is obtained but the consent of one or
more of such other Lenders whose consent is required is not obtained, then Company shall have the right, so long as all non-consenting Lenders whose individual consent is required are treated as described in either clause (i) or
(ii) below, to either (i) replace each such non-consenting Lender or Lenders pursuant to subsection 5.3 so long as at the time of such replacement, each such replacement Lender consents to the proposed amendment, modification, termination,
waiver or consent, or (ii) terminate such non-consenting Lender’s Commitments and repay in full its outstanding Loans, Acceptances and all other amounts due hereunder in accordance with subsections 2.4A(v), 2.4A(vi) and 2.4A(vii);
provided that unless the Commitments that are terminated and the Loans that are repaid pursuant to the preceding clause (ii) are immediately replaced in full at such time through the addition of new Lenders or the increase of the
Commitments and/or outstanding Loans of existing Lenders (who in each case must specifically consent thereto), then in the case of any action pursuant to the preceding clause (ii), the Requisite Lenders (determined before giving effect to the
proposed action) shall specifically consent thereto; provided further that Company shall not have the right to terminate any such non-consenting Lender’s Commitment and repay in full its outstanding Loans pursuant to clause
(ii) of this subsection 13.6B if, immediately after the termination of such Lender’s Commitments in accordance with subsection 2.4A(vi), (a) the Domestic Loan Exposure of all Lenders would exceed the Domestic Commitments of all
Lenders or (b) the Canadian Loan Exposure of all Lenders would exceed the Canadian Commitments of all Lenders; provided further that Company shall not have the right to replace a Lender solely as a result of the exercise of such
Lender’s rights (and the withholding of any required consent by such Lender) pursuant to the second sentence of subsection 13.6A. 
  

	13.7	 Independence of Covenants. 

 All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or
would otherwise be within the limitations of, another covenant shall not avoid the occurrence of an Event of Default or Potential Event of Default if such action is taken or condition exists. 

 

	13.8	 Notices; Platform. 

 A. Notices. Unless otherwise specifically provided herein, any notice or other communication herein required or permitted to be given shall be in writing and may be personally served, telexed or
sent by fax or United States or Canadian mail or courier service and shall be deemed to have been given when delivered in person or by courier service, upon receipt 

  
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of fax or telex, or three (3) Business Days after depositing it in the United States or Canadian mail with postage prepaid and properly addressed; provided that notices to each
Primary Agent shall not be effective until received. For the purposes hereof, the address of each party hereto shall be as set forth under such party’s name on the signature pages hereof or (i) as to Borrowers and Primary Agents, such
other address as shall be designated by any such Person in a written notice delivered to the other parties hereto and (ii) as to each other party, such other address as shall be designated by such party in a written notice delivered to each
Administrative Agent. Electronic mail and Internet and intranet websites may be used to distribute routine communications, such as financial statements and other information as provided in subsection 8.1. Each Primary Agent or Company may, in its
discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications.
Company agrees that it will use reasonable efforts to provide Domestic Administrative Agent at its Domestic Funding and Payment Office copies of Notices of Borrowing and other written communication related to the Canadian Loans that are sent to
Canadian Administrative Agent’s Canadian Funding and Payment Office, and a copy of such Notices of Borrowing or written communication sent to the Domestic Administrative Agent by electronic mail shall discharge this obligation. 

Loan Documents and notices under or in connection with the Loan Documents may be transmitted and/or signed by fax and by
signatures delivered in ‘PDF’ format by electronic mail. The effectiveness of any such documents and signatures (whether by counterpart or otherwise) shall, subject to applicable law, have the same force and effect as an original copy with
manual signatures and shall be binding on all Loan Parties, Agents, Lenders, Issuing Lenders and Swing Line Lenders. Administrative Agents may also require that any such documents and signatures be confirmed by a manually-signed copy thereof;
provided, however, that the failure to request or deliver any such manually-signed copy shall not affect the effectiveness of any facsimile document or signature. 

 

	 	B.	 Platform. 

 (i) Each Borrower agrees that the Administrative Agents may, but shall not be obligated to, make the Communications (as defined below) available to the Issuing Lender, Swing Line Lenders and the other
Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system (the “Platform”). 

(ii) The Platform is provided “as is” and “as available.” The Administrative Agents do
not warrant the adequacy of the Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of merchantability, fitness
for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Administrative Agent in connection with the Communications or the Platform. In no event shall any Administrative Agent
have any liability to Borrowers, any Lender or any other Person or entity 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 

  
 123

 
Borrowers’ or the Administrative Agents’ transmission of communications through the Platform. “Communications” means, collectively, any notice, demand, communication,
information, document or other material that any Borrower provides to any Administrative Agent pursuant to any Loan Document or the transactions contemplated therein which is distributed to any Administrative Agent, any Lender, any Swing Line Lender
or any Issuing Lender by means of electronic communications pursuant to this subsection, including through the Platform. 
  

	13.9	 Survival of Representations, Warranties and Agreements. 

A. All representations, warranties and agreements made herein shall survive the execution and delivery of this
Agreement and the making of the Loans or other extensions of credit hereunder, including the issuance of the Letters of Credit hereunder. 
 B. Notwithstanding anything in this Agreement or implied by law to the contrary, the agreements of the applicable Borrower set forth in subsections 2.6D, 3.5A, 5.1, 13.2 and 13.3 and the agreements
of Lenders set forth in subsections 11.2C, 11.4 and 13.5 shall survive the payment of the Loans and Acceptances, the cancellation or expiration of the Letters of Credit, and the termination of this Agreement. 

 

	13.10	 Failure or Indulgence Not Waiver; Remedies Cumulative. 

No failure or delay on the part of any Agent or any Lender in the exercise of any power, right or privilege hereunder or
under any other Loan Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further
exercise thereof or of any other power, right or privilege. All rights and remedies existing under this Agreement and the other Loan Documents are cumulative to, and not exclusive of, any rights or remedies otherwise available. 

 

	13.11	 Marshalling; Payments Set Aside. 

Neither any Agent nor any Lender shall be under any obligation to marshal any assets in favor of any Borrower or any other
party or against or in payment of any or all of the Obligations. To the extent that any Borrower makes a payment or payments to any Agent or Lender (or to any Agent for the benefit of Lenders), or any Agent or Lender enforces any security interest
or exercises its rights of set-off, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a
trustee, receiver or any other party under any bankruptcy law, any other state or federal law, common law or any equitable cause, then, to the extent of such recovery, the obligation or part thereof originally intended to be satisfied, and all
Liens, rights and remedies therefor or related thereto, shall be revived and continued in full force and effect as if such payment or payments had not been made or such enforcement or setoff had not occurred.

  
 124

	13.12	 Severability. 

 In case any provision in or obligation under this Agreement, the Notes, the Acceptances or any Letter of Credit shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and
enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 

 

	13.13	 Obligations Several; Independent Nature of Lenders’ Rights and Borrowers’ Obligations. 

A. The obligations of Lenders hereunder are several and no Lender shall be responsible for the obligations or
Commitments of any other Lender hereunder. Nothing contained herein or in any other Loan Document, and no action taken by Lenders pursuant hereto or thereto, shall be deemed to constitute Lenders as a partnership, an association, a joint venture or
any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt, and, subject to Section 10, each Lender shall be entitled to protect and enforce its rights arising out of this
Agreement and it shall not be necessary for any other Lender or Agent to be joined as an additional party in any proceeding for such purpose. 
 B. Canada Safeway shall not have any obligation for any extensions of credit made to Company. 
  

	13.14	 Headings. 

 Section and subsection headings in this Agreement are included herein for convenience of reference only and shall not constitute a part of this Agreement for any other purpose or be given any
substantive effect. 
  

	13.15	 Successors and Assigns. 

 This Agreement shall be binding upon the parties hereto and their respective successors and assigns and shall inure to the benefit of the parties hereto and the successors and assigns of Lenders (it being
understood that Lenders’ rights of assignment are subject to subsection 13.1). No Borrower’s rights or obligations hereunder or any interest therein may be assigned or delegated by any Borrower without the prior written consent of all
Lenders. 
  

	13.16	 GOVERNING LAW; SUBMISSION TO JURISDICTION; VENUE; WAIVER OF JURY TRIAL 

THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL
BE CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK (WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES). ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL BE BROUGHT IN
THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, IN EACH CASE WHICH ARE LOCATED IN THE COUNTY OF NEW 

  
 125

 
YORK, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, EACH BORROWER HEREBY IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND
UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS. EACH BORROWER HEREBY FURTHER IRREVOCABLY WAIVES ANY CLAIM THAT ANY SUCH COURTS LACK PERSONAL JURISDICTION OVER SUCH BORROWER, AND AGREES NOT TO PLEAD OR CLAIM, IN ANY LEGAL ACTION
PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT BROUGHT IN ANY OF THE AFOREMENTIONED COURTS, THAT SUCH COURTS LACK PERSONAL JURISDICTION OVER SUCH BORROWER. EACH BORROWER FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS
OUT OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO EACH BORROWER AT ITS RESPECTIVE ADDRESS SET FORTH OPPOSITE ITS SIGNATURE BELOW, SUCH
SERVICE TO BECOME EFFECTIVE 30 DAYS AFTER SUCH MAILING. EACH BORROWER HEREBY IRREVOCABLY WAIVES ANY OBJECTION TO SUCH SERVICE OF PROCESS AND FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY ACTION OR PROCEEDING COMMENCED HEREUNDER
OR UNDER ANY OTHER LOAN DOCUMENT THAT SERVICE OF PROCESS WAS IN ANY WAY INVALID OR INEFFECTIVE. NOTHING HEREIN SHALL AFFECT THE RIGHT OF ANY PRIMARY AGENT, ANY LENDER OR THE HOLDER OF ANY NOTE TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR
TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANY BORROWER IN ANY OTHER JURISDICTION. 
 EACH BORROWER HEREBY
IRREVOCABLY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY OF THE AFORESAID ACTIONS OR PROCEEDINGS ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT BROUGHT IN THE COURTS REFERRED
TO ABOVE AND HEREBY FURTHER IRREVOCABLY WAIVES AND AGREES NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

EACH OF THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM
ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
  

	13.17	 Confidentiality. 

 A. Subject to the provisions of clause (B) of this subsection 13.17, each Lender (whether, for the purposes of any references to “Lender” in this subsection 13.17, in its capacity as
a Lender, a Swing Line Lender, an Issuing Lender or an Agent) agrees that it will not disclose without the prior consent of Company (other than to its employees, members, partners, officers, 

  
 126

 
auditors, advisors or counsel or to another Lender if such Lender or such Lender’s holding or parent company in its sole discretion determines that any such party should have access to such
information, provided such Persons shall be subject to the provisions of this subsection 13.17 to the same extent as such Lender) any information with respect to Borrowers or any of their Subsidiaries which was, or is now or in the future, furnished
pursuant to or in connection with this Agreement or any other Loan Document, provided that any Lender may disclose any such information (i) as has become generally available to the public other than by virtue of a breach of this
subsection 13.17A by the respective Lender, (ii) as may be required in any report, statement or testimony submitted to any municipal, state or Federal regulatory body having or claiming to have jurisdiction over such Lender or to the Federal
Reserve Board or the Federal Deposit Insurance Corporation or similar organizations (whether in the United States or elsewhere) or their successors, (iii) as may be required in respect to any summons or subpoena or in connection with any
litigation, (iv) in order to comply with any law, order, regulation or ruling applicable to such Lender, (v) to any Administrative Agent, (vi) to any direct or indirect contractual counterparty in any swap, hedge or similar agreement
(or to any such contractual counterparty’s professional advisor), so long as such contractual counterparty (or such professional advisor) agrees to be bound by the provisions of this subsection 13.17 (or provisions at least as restrictive as
those in this subsection 13.17) and (vii) to any prospective or actual transferee or participant in connection with any contemplated transfer or participation of any of the Notes or Commitments or any interest therein by such Lender,
provided that such prospective transferee or participant (as applicable) agrees to be bound by the confidentiality provisions contained in this subsection 13.17 (or provisions at least as restrictive as those in this subsection 13.17).

 B. Each Borrower hereby acknowledges and agrees that each Lender may share with any of its affiliates
and their respective agents and advisers, and such affiliates may share with such Lender, any information related to Company or any of its Subsidiaries (including, without limitation, any non-public customer information regarding the
creditworthiness of Company and its Subsidiaries), provided such Persons shall be subject to the provisions of this subsection 13.17 (or provisions at least as restrictive as those in this subsection 13.17) to the same extent as such Lender.

  

	13.18	 Judgment Currency. 

 A. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder in any currency (the “Original Currency”) into another currency (the
“Other Currency”), the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be that at which in accordance with normal banking procedures Administrative Agent could purchase the Original
Currency with the Other Currency on the Business Day immediately preceding the day on which any such judgment, or any relevant part thereof, is paid or otherwise satisfied. 

B. The obligations of each Borrower in respect of any sum due from it to the Lenders hereunder shall,
notwithstanding any judgment in such Other Currency, be discharged only to the extent that on the Business Day following receipt by Administrative Agent of any sum adjudged to be so due in the Other Currency Administrative Agent may in accordance
with normal banking procedures purchase the Original Currency with the Other Currency; if the Original Currency so purchased is less than the sum originally due to the Lenders in the Original 

  
 127

 
Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Lenders against such loss, and if the amount of the Original Currency so purchased
exceeds the sum originally due to the Lenders in the Original Currency, the Lenders shall remit such excess to such Borrower. 
  

	13.19	 Counterparts; Effectiveness. 

(a) Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different
parties hereto in different counterparts), each of which shall constitute an original or copy (as the case may be), but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents, and any
separate letter agreements with respect to fees payable to the Agent, 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. Except as provided in subsection 6.2, this Agreement shall become effective when it shall have been executed by the Administrative Agents and when the Administrative Agents shall have received counterparts hereof that,
when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or in electronic (i.e., “pdf” or “tif”) format shall be
effective as delivery of a manually executed counterpart of this Agreement. 
 (b) Electronic Execution of
Assignments. The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures 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 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. 

 

	13.20	 USA Patriot Act. 

 Each Lender hereby notifies Company that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is
required to obtain, verify and record information that identifies Loan Parties, which information includes the name and address of each Loan Party and other information that will allow such Lender to identify such Loan Party in accordance with the
Act. 
  

	13.21	 Intercreditor Arrangements. 

 Lenders hereby agree among themselves that, upon the occurrence of and during the continuation of a Triggering Event, as defined below, if any of them shall, whether by voluntary payment, by realization
upon security, through the exercise of any right of set-off or banker’s lien, by counterclaim or cross action or by the enforcement of any right under the Loan Documents or otherwise, or as adequate protection of a deposit treated as Cash
Collateral under applicable Insolvency Laws, receive payment or reduction of a proportion of the aggregate amount of principal, interest, amounts payable in respect of Letters of Credit, Acceptances, fees

  
 128

 
and other amounts then due and owing to that Lender from any Borrower under this Agreement or under the other Loan Documents (collectively, the “Aggregate Amounts Due From
Borrowers” to such Lender) which is greater than the proportion received by any other Lender in respect of the Aggregate Amounts Due From Borrowers to such other Lender, then the Lender receiving such proportionately greater payment shall
(i) notify Administrative Agent and each other Lender of the receipt of such payment and (ii) apply a portion of such payment to purchase participations (which it shall be deemed to have purchased from each seller of a participation
simultaneously upon the receipt by such seller of its portion of such payment) in the Aggregate Amounts Due From Borrowers to the other Lenders so that all such recoveries of Aggregate Amounts Due From Borrowers shall be shared by all Lenders in
proportion to the Aggregate Amounts Due From Borrowers to them (as calculated prior to such recovery); provided that if all or part of such proportionately greater payment received by such purchasing Lender is thereafter recovered from such
Lender upon the bankruptcy or reorganization of any Borrower or otherwise, those purchases shall be rescinded and the purchase prices paid for such participations shall be returned to such purchasing Lender ratably to the extent of such recovery,
but without interest. 
 The sharing provided for herein shall be made only after giving effect to the sharing
provisions of subsection 13.5. 
 For the purposes of this Agreement, a “Triggering Event”
shall be deemed to occur and be continuing if (i) any Event of Default under subsections 10.1, 10.6 or 10.7 of the Credit Agreement shall have occurred and be continuing or (ii) the maturity of the Obligations has been accelerated as the
result of any Event of Default under the Credit Agreement and such acceleration has not been rescinded in accordance with the provisions of Section 10. 
  

	13.22	 No Fiduciary Responsibility. 

In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver
or other modification hereof or of any other Loan Document), each Borrower acknowledges and agrees that: (a) (i) the arranging of the Commitments and Loans, and provision of other services, in connection with this Agreement are
arm’s-length commercial transactions between such Borrower, on the one hand, and the Lenders and the Agents, on the other hand, (ii) such Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has
deemed appropriate, and (iii) such Borrower is capable of evaluating, and understand and accept, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (b) (i) each of the Lenders and
the Agents has been, is, and will be acting solely as a principal and, except as otherwise expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for such Borrower, any of
its Affiliates or any other person or entity and (ii) no Lender or Agent has any obligation to such Borrower or its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the
other Loan Documents; and (c) each of the Lenders, Agents and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from such Borrower and its Affiliates, and none of the Lenders or
Agents have any obligation to disclose any of such interests to such Borrower or its Affiliates. To the fullest extent permitted by law, each Borrower hereby waives and releases any claims that it may have against any of the

  
 129

 
Lenders or Agents with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

[Remainder of page intentionally left blank] 

  
 130

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

									
	BORROWERS:	 		 	SAFEWAY INC.
				
		 		 	By:	 	/s/ MELISSA C. PLAISANCE
		 		 		 	Name:	 	Melissa C. Plaisance
		 		 		 	Title:	 	Senior Vice President, Finance and Investor Relations
			
		 		 	Notice Address:
			
		 		 	 Safeway Inc.
 5918
Stoneridge Mall Road
 Pleasanton, California 94588
 Fax: (925) 467-3270
 Email: melissa.plaisance@safeway.com; brad.fox@safeway.com

Attention: Ms. Melissa Plaisance and Mr. Bradley S. Fox

			
		 		 	CANADA SAFEWAY LIMITED
				
		 		 	By:	 	/s/ BRADLEY S. FOX
		 		 		 	Name:	 	Bradley S. Fox
		 		 		 	Title:	 	Assistant Treasurer and Assistant Secretary
			
		 		 	 Notice Address:
  

Canada Safeway Limited
 c/o Safeway
Inc.
 5918 Stoneridge Mall Road

Pleasanton, California 94588
 Fax:
(925) 467-3270
 Email: melissa.plaisance@safeway.com; brad.fox@safeway.com
 Attention: Ms. Melissa Plaisance and Mr. Bradley S. Fox

 SAFEWAY CREDIT AGREEMENT 

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

					
	 DEUTSCHE BANK AG NEW YORK BRANCH,
 as Domestic Administrative Agent, Domestic Lender, and Domestic Swing Line Lender

		
	By:	 	/s/ FREDERICK W. LAIRD
		 	Name:	 	Frederick W. Laird
		 	Title:	 	Managing Director
		
	By:	 	/s/ HEIDI SANDQUIST
		 	Name:	 	Heidi Sandquist
		 	Title:	 	Director
	
	 Notice Address:
  

60 Wall Street
 New York, NY 10005

Fax: 732-460-6874
 Email:
heidi.sandquist@db.com
 Attention: Ms. Heidi Sandquist

SAFEWAY CREDIT AGREEMENT 

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

					
	 DEUTSCHE BANK AG CANADA BRANCH,
 as Canadian Administrative Agent, Canadian Lender, and Canadian Swing Line Lender

		
	By:	 	/s/ ROD O’HARA
		 	Name:	 	Rod O’Hara
		 	Title:	 	Director
		
	By:	 	/s/ MARCELLUS LEUNG
		 	Name:	 	Marcellus Leung
		 	Title:	 	Assistant Vice President
	
	 Notice Address:
  

199 Bay Street, Suite 4700
 Toronto, Ontario, M5L
1E9 Canada
 Fax: 416-628-8484
 Email:
marcellus.leung@db.com
 Attention: Mr. Marcellus Leung

SAFEWAY CREDIT AGREEMENT 

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

					
	 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,
 as Joint Bookrunner and Joint Lead Arranger

		
	By:	 	/s/ WAJEAH FAHEEM
		 	Name:	 	Wajeah Faheem
		 	Title:	 	Managing Director
	
	 Notice Address:
  

One Bryant Park, 8th Floor
 New York, NY
10036
 Fax: 917-267-7168
 Email:
wajeeh.faheem@baml.com
 Attention: Mr. Wajeeh Faheem

SAFEWAY CREDIT AGREEMENT 

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

					
	 J.P. MORGAN SECURITIES LLC,
 as Joint Bookrunner and Joint Lead Arranger

		
	By:	 	/s/ THOMAS DELANEY
		 	Name:	 	Thomas Delaney
		 	Title:	 	Executive Director
	
	 Notice Address:
  

383 Madison Avenue, 27th Floor
 New York, NY
10179
 Fax: 212-270-1063
 Email:
thomas.gsf.delaney@jpmchase.com
 Attention: Mr. Thomas Delaney

SAFEWAY CREDIT AGREEMENT 

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

					
	 DEUTSCHE BANK SECURITIES INC.,
 as Joint Lead Arranger

		
	By:	 	/s/ FREDERICK W. LAIRD
		 	Name:	 	Frederick W. Laird
		 	Title:	 	Managing Director
		
	By:	 	/s/ HEIDI SANDQUIST
		 	Name:	 	Heidi Sandquist
		 	Title:	 	Director
	
	 Notice Address:
  

60 Wall Street
 New York, NY 10005

Fax: 732-460-6874
 Email:
heidi.sandquist@db.com
 Attention: Ms. Heidi Sandquist

SAFEWAY CREDIT AGREEMENT 

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

					
	 BNP PARIBAS SECURITIES CORP.,
 as Joint Lead Arranger

		
	By:	 	/s/ JOHN TREADWELL, JR.
		 	Name:	 	John Treadwell, Jr.
		 	Title:	 	Vice President
	
	 Notice Address:
  

209 S. LaSalle St. Suite 500
 Chicago, IL
60604
 Fax: 312-977-2241
 Email:
kyle.brion@americas.bnpparibas.com
 Attention: Kyle Brion

SAFEWAY CREDIT AGREEMENT 

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

					
	 WELLS FARGO SECURITIES, LLC,
 as Joint Lead Arranger

		
	By:	 	/s/ KEVIN LILLY
		 	Name:	 	Kevin Lilly
		 	Title:	 	Director
	
	 Notice Address:
  

550 California Street, 10th Floor
 San Francisco,
CA 94104
 Fax: 415-837-0610
 Email:
sid.khanolkar@wellsfargo.com
 Attention: Sid Khanolkar

SAFEWAY CREDIT AGREEMENT 

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

					
	 BANK OF AMERICA, N.A.,
 as Domestic Lender, Syndication Agent and Swing Line Lender

		
	By:	 	/s/ JAIME ENG
		 	Name:	 	Jaime Eng
		 	Title:	 	Vice President
	
	 Notice Address:
  

One Bryant Park, 34th Floor
 New York, NY
10036
 Fax: 415-796-1253
 Email:
jaime.eng@baml.com
 Attention: Ms. Jaime Eng

 SAFEWAY CREDIT AGREEMENT 

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

					
	 JPMORGAN CHASE BANK, N.A.,
 as Domestic Lender, Syndication Agent and Swing Line Lender

		
	By:	 	/s/ BARRY BERGMAN
		 	Name:	 	Barry Bergman
		 	Title:	 	Managing Director
	
	 Notice Address:
  

383 Madison Avenue, 24th Floor
 New York, NY
10179
 Fax: 212-270-6637
 Email:
Jocelyn.t.shields@jpmorgan.com
 Attention: Ms. Jocelyn Shields

SAFEWAY CREDIT AGREEMENT 

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

					
	 BNP PARIBAS,

as Domestic Lender and Documentation Agent

		
	By:	 	/s/ JOHN TREADWELL, JR.
		 	Name:	 	John Treadwell, Jr.
		 	Title:	 	Vice President
		
	By:	 	/s/ BRENDAN HENEGHAN
		 	Name:	 	Brendan Heneghan
		 	Title:	 	Vice President
	
	 Notice Address:
  

209 S. LaSalle St. Suite 500
 Chicago, IL
60604
 Fax: 312-977-2241
 Email:
kyle.brion@americas.bnpparibas.com
 Attention: Kyle Brion

SAFEWAY CREDIT AGREEMENT 

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

					
	 U.S. BANK NATIONAL ASSOCIATION,
 as Domestic Lender, Joint Lead Arranger and Documentation Agent

		
	By:	 	/s/ CONAN SCHLEICHER
		 	Name:	 	Conan Schleicher
		 	Title:	 	Vice President
	
	 Notice Address:
  

PD-OR-P4CB
 555 S.W. Oak Street, #400

Portland, OR 97204
 Fax:
(503) 275-5428
 Email: conan.schleicher@usbank.com
 Attention: Conan Schleicher

 SAFEWAY CREDIT AGREEMENT

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

					
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as Domestic Lender and Documentation Agent

		
	By:	 	/s/ GAVIN HOLLES
		 	Name:	 	Gavin Holles
		 	Title:	 	Managing Director
	
	 Notice Address:
  

550 California Street, 10th Floor
 San Francisco,
CA 94104
 Fax: 415-837-0610
 Email:
sid.khanolkar@wellsfargo.com
 Attention: Sid Khanolkar

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

					
	 Citibank, N.A.,
 as Domestic Lender

		
	By:	 	/s/ ROBERT J. KANE
		 	Name:	 	Robert J. Kane
		 	Title:	 	Vice President
	
	 Notice Address:
  

388 Greenwich St. 32nd Fl
 New York, NY
10013
 Fax: (212) 816-8301

Attention: Bob Kane

 SAFEWAY CREDIT AGREEMENT 

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

							
	 CREDIT SUISSE AG, Cayman Islands Branch
 as Domestic Lender

			
	By:	 	/s/ DOREEN BARR	 	/s/    VIPUL DHADDA        
		 	Name:	 	Doreen Barr	 	Vipul Dhadda
		 	Title:	 	Director	 	Associate
	
	 Notice Address:
  

7033 Louis Stephens Drive
 PO Box
110047
 Research Triangle Park, NC 27709

Fax: (212) 322-2291
 Email:
agency.loanops@credit-suisse.com
 Attention: Anna Green

SAFEWAY CREDIT AGREEMENT 

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

					
	 THE ROYAL BANK OF SCOTLAND PLC,
 as Domestic Lender

		
	By:	 	/s/ TRACY RAHN
		 	Name:	 	Tracy Rahn
		 	Title:	 	Director
	
	 Notice Address:
  

600 Washington Boulevard
 Stamford, CT
06901
 Phone: 203-897-4431
 Fax:
203-873-5019
 Email: Rajesh.Adhinarayanan1@rbs.com
 Attention: Rajesh Adhinarayanan

 SAFEWAY CREDIT AGREEMENT

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

					
	 UNION BANK, N.A.,
 as Domestic Lender

		
	By:	 	/s/ THOMAS LASS
		 	Name:	 	Thomas Lass
		 	Title:	 	Vice President
	
	 Notice Address:
  

445 South Figueroa St. G16-110
 Los Angeles, CA
90071
 Phone/Fax: 213-236-6550
 Email:
michael.gardner@unionbank.com
 Attention: Michael Gardner

SAFEWAY CREDIT AGREEMENT 

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

					
	 BARCLAYS BANK PLC,
 as Domestic Lender

		
	By:	 	/s/ NICOLE CONJARES
		 	Name:	 	Nicole Conjares
		 	Title:	 	AVP
	
	 Notice Address:
  

745 Seventh Avenue, 26th Floor
 New York, NY
10019
 Fax: 646.758.4821
 Email:
nicole.conjares@barcap.com
 Attention: Nicole Conjares

SAFEWAY CREDIT AGREEMENT 

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

					
	 Branch Banking and Trust Company,
 as Domestic Lender

		
	By:	 	/s/ KENNETH M. BLACKWELL
		 	Name:	 	Kenneth M. Blackwell
		 	Title:	 	Senior Vice President
	
	 Notice Address:
  

200 W. Second Street, 16th Floor
 Winston-Salem,
NC 27101
 Fax: (336) 733-2740

Email: kmblackwell@bbandt.com
 Attention: Kenneth
M. Blackwell

 SAFEWAY CREDIT AGREEMENT 

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

					
	 Goldman Sachs Bank USA,
 as Domestic Lender

		
	By:	 	/s/ MARK WALTON
		 	Name:	 	Mark Walton
		 	Title:	 	Authorized Signatory
	
	 Notice Address:
  

200 West Street
 New York, NY 10282

Fax: 917-977-3966
 Email:
gs-lua@ny.email.gs.com
 Attention: Lauren Day

 SAFEWAY CREDIT AGREEMENT 

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

					
	 MORGAN STANLEY BANK, N.A.,
 as Domestic Lender

		
	By:	 	/s/ MELISSA JAMES
		 	Name:	 	Melissa James
		 	Title:	 	Authorized Signatory
	
	 Notice Address:
  

1000 Lancaster Street
 Baltimore, MD
21202
 Fax: 713-233-2140
 Email:
msloanservicing@morganstanley.com
 Attention: MS Loan Servicing

SAFEWAY CREDIT AGREEMENT 

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

					
	 The Northern Trust Company,
 as Domestic Lender

		
	By:	 	/s/ JOHN BRAZZALE
		 	Name:	 	John Brazzale
		 	Title:	 	Sr. Vice President
	
	 Notice Address:
  

50 S. La Salle St.
 Chicago, IL 60603

Fax: (312) 444-4906
 Email:
JPB1@ntrs.com
 Attention: John Brazzale

 SAFEWAY CREDIT AGREEMENT 

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

					
	 The Bank of New York Mellon,
 as Domestic Lender

		
	By:	 	/s/ DAVID B. WIRL
		 	Name:	 	David B. Wirl
		 	Title:	 	Managing Director
	
	 Notice Address:
  

Pamela M. Clark
 The Bank of New York Mellon,
Oriskany
 Fax: 315-765-4782
 Email:
Pamela.m.clark@bnymellon.com
 Attention: Safeway, Inc.

SAFEWAY CREDIT AGREEMENT 

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

					
	 COMERICA BANK,
 as Domestic Lender

		
	By:	 	/s/ STEVE D. CLEAR
		 	Name:	 	Steve D. Clear
		 	Title:	 	Vice President
	
	 Notice Address:
  

611 Anton Blvd., 4th Floor M/C 4462
 Costa Mesa,
CA 92626
 Fax: (714) 433-3236

Email: bqsive@comerica.com
 Attention: Bill
Sive

 SAFEWAY CREDIT AGREEMENT 

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

					
	 AgFirst Farm Credit Bank,
 as Domestic Lender

		
	By:	 	/s/ MATTHEW H. JEFFORDS
		 	Name:	 	Matthew H. Jeffords
		 	Title:	 	Assistant Vice President
	
	 Notice Address:
  

1401 Hampton Street
 Columbia SC 29201

Fax: 803 254 4219
 Email:
mjeffords-servicing@agfirst.com
 Attention: Matthew H. Jeffords

SAFEWAY CREDIT AGREEMENT 

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

					
	 First Hawaiian Bank
 as Domestic Lender

		
	By:	 	/s/ SUSAN TAKEDA
		 	Name:	 	Susan Takeda
		 	Title:	 	Vice President
	
	 Notice Address:
  

999 Bishop Street; Suite 1100
 Honolulu, Hawaii
96813
 Fax: 808-525-6200
 Email:
stakeda@fhb.com
 Attention: Susan Takeda

 SAFEWAY CREDIT AGREEMENT 

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

					
	 Bank of the West,
 as Domestic Lender

		
	By:	 	/s/ PHITSANU J. KOCHAPHUM
		 	Name:	 	Phitsanu J. Kochaphum
		 	Title:	 	Regional Vice President
	
	 Notice Address:
  

2527 Camino Ramon
 NC-B07-3D-G

San Ramon, CA 94583
 Fax: 925-843-9980

Email: jojo.kochaphum@bankofthewest.com

Attention: Phitsanu J. Kochaphum

 SAFEWAY CREDIT AGREEMENT 

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

					
	 Chang Hwa Commercial Bank, Ltd., New York Branch
 as Domestic Lender

		
	By:	 	/s/ ERIC Y. S. TSAI
		 	Name:	 	Eric Y. S. Tsai
		 	Title:	 	VP & General Manager
	
	 Notice Address:
  

685 3rd Ave., 29th Floor
 New York, NY
10017
 Fax: 212-651-9785
 Email:
chbny.loan@chbny.com
 Attention: Melody Tsou

 SAFEWAY CREDIT AGREEMENT 

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

					
	 TORONTO DOMINION (TEXAS) LLC,
 as Domestic Lender

		
	By:	 	/s/ DEBBI BRITO
		 	Name:	 	Debbi Brito
		 	Title:	 	Manager
	
	 Notice Address:
  

Corporate Lending Global Operations
 Royal Trust
Tower
 77 King Street West & Bay Street, 18th Floor
 Toronto, Ontario
 M5K 1A2

 
 Fax: (416) 983-0003
 Email: josephine.chiu@tdsecurities.com
 Attention: Josephine
Chiu

 SAFEWAY CREDIT AGREEMENT 

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

					
	 CIBC INC,

as Domestic Lender

		
	By:	 	/s/ DOMINIC J. SORRESSO
		 	Name:	 	Dominic J. Sorresso
		 	Title:	 	Executive Director
		
	By:	 	/s/ EOIN ROCHE
		 	Name:	 	Eoin Roche
		 	Title:	 	Executive Director
	
	 Notice Address:
  

425 Lexington Avenue
 New York, NY
10017
 Fax: 212-856-3761
 Email:
dominic.sorresso@us.cibc.com
 Attention: Corporate Credit Products Group

SAFEWAY CREDIT AGREEMENT 

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

					
	 THE TORONTO-DOMINION BANK,
 as Canadian Lender

		
	By:	 	/s/ DEBBI BRITO
		 	Name:	 	Debbi Brito
		 	Title:	 	Manager
	
	 Notice Address:
 Corporate Lending Global Operations
 Royal Trust Tower

77 King Street West and Bay Street, 18th Floor

Toronto, Ontario
 M5K 1A2

Fax: (416) 983-0003
 Email:
josephine.chiu@tdsecurities.com
 Attention: Josephine Chiu

SAFEWAY CREDIT AGREEMENT 

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

					
	 Canadian Imperial Bank of Commerce,
 as Canadian Lender

		
	By:	 	/s/ BEN FALLICO
		 	Name:	 	Ben Fallico
		 	Title:	 	Executive Director
		
	By:	 	/s/ SCOTT BLACK
		 	Name:	 	Scott Black
		 	Title:	 	Executive Director
	
	 Notice Address:
 161 Bay St., 8th Floor
 Toronto, On M5J 2S8
 Fax: 416-956-3810
 Email: ben.fallico@cibc.com

Attention: Ben Fallico

 SAFEWAY CREDIT AGREEMENT 

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

					
	 BANK OF MONTREAL,
 as Canadian Lender

		
	By:	 	/s/ PHILIP LANGHEIM
		 	Name:	 	Philip Langheim
		 	Title:	 	Managing Director
	
	 Notice Address:
 115 South LaSalle Street – 35W
 Chicago, IL 60603

Fax: 312-293-4327
 Email:
philip.langheim@bmo.com
 Attention: Phil Langheim

 SAFEWAY CREDIT AGREEMENT 

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

					
	 Alberta Treasury Branches,
 as Canadian Lender

		
	By:	 	/s/ DARREN EURICH
		 	Name:	 	Darren Eurich
		 	Title:	 	Senior Director
		
	By:	 	/s/ TIM GILLESPIE
		 	Name:	 	Tim Gillespie
		 	Title:	 	Vice President
	
	 Notice Address:
 Alberta Treasury Branches
 6th Floor, 444-7th Ave. SW

Calgary, AB
 T2P 0X8

Fax: 403-663-3160
 Email:
syndications@atb.com
 Attention: Kris Renger

 SAFEWAY CREDIT AGREEMENT 

 EXHIBIT I 
 [FORM OF] NOTICE OF BORROWING 
 [Deutsche Bank AG New York Branch, 

    as Domestic Administrative Agent 
 60 Wall Street 
 New York, NY 10005 
 Fax: 732-460-6874 
 Email: heidi.sandquist@db.com 

Attention: Ms. Heidi Sandquist] 
 [Deutsche
Bank AG Canada Branch, 
     as Canadian Administrative Agent 
 199 Bay Street, Suite 4700 
 Toronto, Ontario, M5L 1E9 Canada 

Fax: 416-628-8484 
 Email: marcellus.leung@db.com

 Attention: Mr. Marcellus Leung] 
 Re: Notice of Borrowing under Safeway Credit Agreement 

Pursuant to that certain Credit Agreement, dated as of June 1, 2011, by and among Safeway Inc., a Delaware
corporation (“Company”), and Canada Safeway Limited, an Alberta corporation (“Canada Safeway”), as Borrowers, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as Joint Lead
Arrangers and Joint Bookrunners, Deutsche Bank Securities Inc., BNP Paribas Securities Corp., U.S. Bank National Association and Wells Fargo Securities, LLC, as Joint Lead Arrangers, Deutsche Bank AG New York Branch, as Domestic Administrative
Agent, Deutsche Bank AG Canada Branch, as Canadian Administrative Agent, Bank of America, N.A. and JPMorgan Chase Bank, National Association, as Syndication Agents, BNP Paribas, U.S. Bank National Association and Wells Fargo Bank, National
Association, as Documentation Agents, and the Lenders from time to time party thereto (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein without
definition shall have the meanings set forth in the Credit Agreement), this represents the request of the Borrower specified below to borrow the Loan(s) specified below, on such date and in such amount(s) as are specified below: 

 

							
	 1.
	  	 Borrower (check applicable box):
	  		  	
		  	  
 1a.
       ̈ Company

		  	 1b.        ̈ Canada Safeway

	  
 2.
	  	  
 Requested Funding Date applicable to such
Loan(s):
                                         
           
	  		  	
	  
 3.
	  	  
 Commitments being utilized (check applicable
box):
	  		  	
		  	  
 3a.
       ̈      Domestic Commitments

		  	 3b.        ̈      Canadian
Commitments

  

			
	 I-1
	  	Notice of Borrowing

											
	 4.
	  	 Type/currency/principal amount of Loan(s) (check applicable box(es) and specify amount(s)):

		
		  	 Domestic Commitments (type of loan/currency options available to Company):

					
	 	  	 	  	 Type of Loan
	  	 Currency
	  	 Amount

						
		  	 4a.
	  	  ̈
	  	 Domestic Base Rate Loan
	  	 U.S. Dollars
	  	 $            

						
		  	 4b.
	  	  ̈
	  	 Domestic Eurodollar Rate Loan
	  	 U.S. Dollars
	  	 $            

						
		  	 4c.
	  	  ̈
	  	 Domestic Swing Line Loan
	  	 U.S. Dollars
	  	 $            

						
		  	 4d.
	  	  ̈
	  	 Negotiated Rate Loan
	  	 U.S. Dollars
	  	 $            

		
		  	 Canadian Commitments (type of loan/currency options available to Canada Safeway):

					
	 	  	 	  	 Type of Loan
	  	 Currency
	  	 Amount

						
		  	 4e.
	  	  ̈
	  	 Canadian Base Rate Loan
	  	 U.S. Dollars
	  	 $            

						
		  	 4f.
	  	  ̈
	  	 Canadian Prime Rate Loan
	  	 Cdn. Dollars
	  	 $            

						
		  	 4g.
	  	  ̈
	  	 Canadian Eurodollar Rate Loan
	  	 U.S. Dollars
	  	 $            

						
		  	 4h.
	  	  ̈
	  	 Canadian Swing Line Loan
	  	 U.S. Dollars
	  	 $            

						
		  	 4i.
	  	  ̈
	  	 Canadian Swing Line Loan
	  	 Cdn. Dollars
	  	 $            

		
		  	 Canadian Commitments (type of loan/currency options available to Company):

					
	 	  	 	  	 Type of Loan
	  	 Currency
	  	 Amount

						
		  	 4j.
	  	  ̈
	  	 Canadian/U.S. Base Rate Loan
	  	 U.S. Dollars
	  	 $            

						
		  	 4k.
	  	  ̈
	  	Canadian/U.S. Eurodollar Rate Loan	  	 U.S. Dollars
	  	 $            

		
	 5.
	  	Interest Periods/Maturities (check applicable box(es) and specify periods or dates):
				
		  	5a.	  	  ̈
	  	 Interest Period for Loans specified in

		  		  		  	 4b above, in
months:   ̈14-day   ̈one   ̈two  
 ̈three   ̈six       ̈       
     

		  	5b.	  	  ̈
	  	 Interest Period for Loans specified in

		  		  		  	 4g above, in
months:   ̈14-day   ̈one   ̈two  
 ̈three   ̈six       ̈       
     

		  	5c.	  	  ̈
	  	 Interest Period for Loans specified in

  

			
	 I-2
	  	Notice of Borrowing

							
		  		  		  	 4k above, in
months:   ̈14-day   ̈one   ̈two  
 ̈three   ̈six   ̈           
 

		  	 5d.
	  	  ̈
	  	 Term to maturity or maturity date for
 Loans specified in 4d above
                                        

		  	  
 If a twelve-month or nine-month
Interest Period has been selected, the Borrower hereby requests that [Domestic] [Canadian] Administrative Agent ascertain in accordance with the provisions of subsection 2.2B(vii) of the Credit Agreement that such an Interest Period is
available from the applicable Lenders.

	  
 6.
	  	  
 Lenders (check applicable
box(es)):
  

		  	 6a.
	  	  ̈
	  	 If box(es) 4a or 4b checked above, Domestic Lenders

		  	 6b.
	  	  ̈
	  	 If box 4c checked above, specify Swing Line Lender(s) in respect of

		  		  		  	 Domestic Swing Line Loans:
                                        

				
		  	 6c.
	  	  ̈
	  	 If box(es) 4h or 4i checked above, Swing Line Lender in respect of Canadian Swing Line Loans

		  		  		  	 Canadian Swing Line Loans

		  	 6d.
	  	  ̈
	  	 If box 4d checked above, specify

		  		  		  	 Domestic
Lender:                                        

		  	 6e.
	  	  ̈
	  	 If box(es) 4e, 4f, 4g, 4j or 4k checked above, Canadian Lenders

The undersigned officer(s), to the best of its (their) knowledge, and the undersigned Borrower and, if Company is not
the Borrower, Company each hereby certifies that (i) the representations and warranties contained in the Credit Agreement and in the other Loan Documents (which representations and warranties in the case of Canada Safeway shall be limited to
Canada Safeway and its Subsidiaries) will be true, correct and complete as of the Funding Date in all material respects on and as of the date thereof to the same extent as though made on and as of the date thereof, except to the extent that such
representations and warranties specifically relate to an earlier date, in which case, such representations and warranties were true, correct and complete in all material respects on and as of such earlier date; (ii) no event has occurred and is
continuing or would result from the consummation of the proposed borrowing contemplated hereby that would constitute an Event of Default or a Potential Event of Default; (iii) after giving effect to the proposed borrowing described herein, the
Total Utilization of Domestic Commitments will not exceed the Domestic Commitments as in effect and the Total Utilization of Canadian Commitments will not exceed the Canadian Commitments as in effect; and (iv) if applicable, the aggregate
outstanding principal amount of Domestic Swing Line Loans will not exceed the Domestic Swing Line Commitment, the aggregate outstanding principal amount of Canadian Swing Line Loans will not exceed the Canadian Swing Line Commitment and the
aggregate outstanding principal amount of Negotiated Rate Loans will not exceed $500,000,000. 
 [Remainder of the page
intentionally left blank.] 

  

			
	 I-3
	  	Notice of Borrowing

	
	
DATED:                       
 

  

			
	  

[SAFEWAY INC.] [CANADA SAFEWAY
 LIMITED]

			
		
	 By:
	 	
 

			
	 Name:
	 	
 

			
	 Title:
	 	  

Complete if Safeway Inc. is not the Borrower: 

Acknowledged and consented to as of the date hereof 
  

			
	SAFEWAY INC.

			
		
	 By:
	 	  

			
	 Name:
	 	  

			
	 Title:
	 	  

  

			
	 I-4
	  	Notice of Borrowing

 EXHIBIT II 
 [FORM OF] NOTICE OF CONVERSION/CONTINUATION 
 [Deutsche Bank AG New York Branch,

     as Domestic Administrative Agent 
 60 Wall Street 
 New York, NY 10005 
 Fax: 732-460-6874 
 Email: heidi.sandquist@db.com 

Attention: Ms. Heidi Sandquist] 
 [Deutsche
Bank AG Canada Branch, 
     as Canadian Administrative Agent 
 199 Bay Street, Suite 4700 
 Toronto, Ontario, M5L 1E9 Canada 

Fax: 416-628-8484 
 Email: marcellus.leung@db.com

 Attention: Mr. Marcellus Leung] 
 Re: Notice of Conversion/Continuation under Safeway Credit Agreement 
 Pursuant to that certain Credit Agreement, dated as of June 1, 2011, by and among Safeway Inc., a Delaware corporation (“Company”), and Canada Safeway Limited, an Alberta corporation
(“Canada Safeway”), as Borrowers, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as Joint Lead Arrangers and Joint Bookrunners, Deutsche Bank Securities Inc., BNP Paribas Securities
Corp., U.S. Bank National Association and Wells Fargo Securities, LLC, as Joint Lead Arrangers, Deutsche Bank AG New York Branch, as Domestic Administrative Agent, Deutsche Bank AG Canada Branch, as Canadian Administrative Agent, Bank of America,
N.A. and JPMorgan Chase Bank, National Association, as Syndication Agents, BNP Paribas, U.S. Bank National Association and Wells Fargo Bank, National Association, as Documentation Agents, and the Lenders from time to time party thereto (as amended,
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein without definition shall have the meanings set forth in the Credit Agreement), this represents the notice of the
Borrower specified below given pursuant to subsection 2.2D of the Credit Agreement to request the conversion or continuation specified below of the Loan specified below, on the date and in the amount specified below: 

 

							
	 1.
	  	 Borrower (check applicable box):

		
		  	 1a.    ̈    Company

		  	 1b.    ̈    Canada Safeway

		
	 2.
	  	 Borrower requests (check applicable box):

		
		  	 2a.   ̈    Conversion

 

  

			
	 II-1
	  	Notice of Conversion/Continuation

											
		  	 2b.
	  	  ̈
	  	 Continuation
	  		  	
				
	 3.
	  	 Proposed Conversion/Continuation date:
	  	             ,         
	  	
		
	 4.
	  	 Type, principal amount and, if applicable, last day of any Interest Period of the presently outstanding Loan that is to be continued or converted
(check applicable box and specify amount and, if applicable, the last day of the current Interest Period):

		
		  	 Domestic Commitments (Company):

	 	  	 	  	 Type of Loan
	  	 Amount
	  	 Last day of current
 Interest Period

						
		  	 4a.
	  	  ̈
	  	 Domestic Base Rate Loan
	  	 $            
	  	        NA
		  	 4b.
	  	  ̈
	  	 Domestic Eurodollar
	  		  	
		  		  		  	 Rate Loan
	  	 $            
	  	                 

		
		  	 Canadian Commitments (Canada Safeway):

	 	  	 	  	 Type of Loan
	  	 Amount
	  	 Last day of current
 Interest Period

						
		  	 4c.
	  	  ̈
	  	 Canadian Base Rate Loan
	  	 $            
	  	        NA
		  	 4d.
	  	  ̈
	  	 Canadian Prime Rate Loan
	  	 $            
	  	        NA
		  	 4e.
	  	  ̈
	  	 Canadian Eurodollar Rate Loan
	  	 $            
	  	                 

		
		  	 Canadian Commitments (Company):

	 	  	 	  	 Type of Loan
	  	 Amount
	  	 Last day of current
 Interest Period

						
		  	 4f.
	  	  ̈
	  	 Canadian/U.S. Base Rate Loan
	  	 $            
	  	        NA
		  	 4g.
	  	  ̈
	  	 Canadian/U.S. Eurodollar
	  		  	
		  		  		  	 Rate Loan
	  	 $            
	  	                 

	
	 If Borrowers requests a Continuation, then skip #5 and proceed directly to #6.

		
	 5.
	  	 Presently outstanding Loan is converted into (check applicable box):

		
		  	 Domestic Commitments (type of Loan available to Company):

 

	 	  	 	  	 	  	 	  	 Type of Loan

					
		  	 5a.
	  	  ̈
	  	 (If box 4a checked above)
	  	 Domestic Eurodollar Rate Loan

		  	 5b.
	  	  ̈
	  	 (If box 4b checked above)
	  	 Domestic Base Rate Loan

  

			
	 II-2
	  	Notice of Conversion/Continuation

									
		  	 Canadian Commitments (type of Loans available to Canada Safeway):

					
	 	  	 	  	 	  	 	  	 Type of Loan

					
		  	 5c.
	  	  ̈
	  	 (If box 4c checked above)
	  	 Canadian Eurodollar Rate Loan

		  	 5d.
	  	  ̈
	  	 (If box 4e checked above)
	  	 Canadian Base Rate Loan

		
		  	 Canadian Commitments (type of Loans available to Company):

 

	 	  	 	  	 	  	 	  	 Type of Loan

					
		  	 5e.
	  	  ̈
	  	 (If box 4f checked above)
	  	 Canadian/U.S. Eurodollar Rate Loan

		  	 5f.
	  	  ̈
	  	 (If box 4g checked above)
	  	 Canadian/U.S. Base Rate Loan

		
	 6.
	  	Interest Period (check applicable box and specify period):
				
		  	 6a.
	  	  ̈
	  	 Interest period for continued Loans specified in 4b, 4e or 4g above, in months (or

days, as indicated):    ̈   14-day    ̈   one    ̈   two    ̈   three

 

               ̈
  six    ̈   nine    ̈   twelve

				
		  	 6b.
	  	  ̈
	  	 Interest period for converted Loans specified in 5a, 5c or 5e above, in months (or

days, as indicated):    ̈   14-day
   ̈   one    ̈   two    ̈   three

 

               ̈
  six    ̈   nine    ̈   twelve

		
		  	 If a nine-month or twelve-month Interest Period has been selected, the Borrower hereby requests that the [Domestic] [Canadian] Administrative Agent
ascertain in accordance with the provisions of subsection 2.2B(vii) of the Credit Agreement that such an Interest Period is available from the applicable Lenders.

The undersigned officer(s), to the best of its (their) knowledge, and the undersigned Borrower and, if Company is not the
Borrower, Company each hereby certifies that (i) to the extent this notice relates to conversion to, or a continuation of, a Fixed Rate Loan no Event of Default has occurred and is continuing; and (ii) after giving effect to the proposed
conversion or continuation, the Total Utilization of Domestic Commitments will not exceed the Domestic Commitments as in effect and the Total Utilization of Canadian Commitments will not exceed the Canadian Commitments as in effect. 

[Remainder of the page intentionally left blank.] 

  

			
	 II-3
	  	Notice of Conversion/Continuation

	
	
DATED:                    

  

			
	  

	 [SAFEWAY INC.][CANADA SAFEWAY
 LIMITED]

			
		
	 By:
	 	
 

			
	 Name:
	 	
 

			
	 Title:
	 	  

Complete if Safeway Inc. is not the Borrower: 
 Acknowledged and consented to as of the date hereof 
 SAFEWAY INC. 

 

			
	 By:
	 	  

			
	 Name:
	 	  

			
	 Title:
	 	  

  

			
	 II-4
	  	Notice of Conversion/Continuation

 EXHIBIT III 
 [FORM OF] NOTICE OF ISSUANCE OF LETTER OF CREDIT 
 [Date] 

[Addressed to Issuing Lender 
 (with a copy to
the Domestic Administrative Agent if 
 the Domestic Administrative Agent is not the 
 proposed Issuing Lender)] 
 Ladies and Gentlemen: 

The undersigned, Safeway Inc., a Delaware corporation (“Company”), refers to that certain Credit
Agreement, dated as of June 1, 2011, by and among Company and Canada Safeway Limited, an Alberta corporation (“Canada Safeway”), as Borrowers, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan
Securities LLC, as Joint Lead Arrangers and Joint Bookrunners, Deutsche Bank Securities Inc., BNP Paribas Securities Corp., U.S. Bank National Association and Wells Fargo Securities, LLC, as Joint Lead Arrangers, Deutsche Bank AG New York Branch, as
Domestic Administrative Agent, Deutsche Bank AG Canada Branch, as Canadian Administrative Agent, Bank of America, N.A. and JPMorgan Chase Bank, National Association, as Syndication Agents, BNP Paribas, U.S. Bank National Association and Wells Fargo
Bank, National Association, as Documentation Agents, and the Lenders from time to time party thereto (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein
without definition shall have the meanings set forth in the Credit Agreement), and hereby gives you notice pursuant to subsection 3.1B(i) of the Credit Agreement that the undersigned hereby requests the issuance of a Letter of Credit under the
Credit Agreement, and in connection therewith sets forth below the information relating to such Letter of Credit (the “Proposed Letter of Credit”) as required by subsection 3.1B(i) of the Credit Agreement: 

 

											
	1.        	 	 Type of Letter of Credit requested (check applicable box):

						
		 	1a.         ̈	    	Standby	  	1b.	  	 ̈	    	Commercial
					
	2.        	 	Requested face amount:	  		  		    	
						
		 	2a.         ̈	    	U.S. $             	  	2b.	  	 ̈	    	Cdn. $             

 

					
	3.        	 	Requested date of issuance: 	 	 

  

					
	4.        	 	Expiration date: 	 	 

  

					
	5.        	 	Beneficiary: 	 	 

	 	

  

			
	 III-1
	  	Notice of Issuance of Letter of Credit

			
	 6.        
	  	 Beneficiary’s address:

		  	  

		  	  

		  	  

		
	 7.        
	  	 Purpose or verbatim text for letter of credit:

		  	  

		  	  

		  	  

		  	  

8. The requested text of the Proposed Letter of Credit, and any required drawing certificates, is set
forth on Annex A hereto. [Attach Annex A containing requested text.] 
 In accordance with
Section 6.3 of the Credit Agreement, the undersigned hereby certifies, on behalf of the Company, that: 
 (i) The representations and warranties contained in the Credit Agreement and in the other Loan Documents will be true, correct and complete as of the Funding Date in all material respects on and as of the
date thereof to the same extent as though made on and as of the date thereof, except to the extent that such representations and warranties specifically relate to an earlier date, in which case, such representations and warranties were true, correct
and complete in all material respects on and as of such earlier date; 
 (ii) No event has
occurred and is continuing or would result from the consummation of the issuance of the Proposed Letter of Credit contemplated hereby that would constitute an Event of Default or a Potential Event of Default; 

(iii) After giving effect to the issuance of the Proposed Letter of Credit, the Total Utilization of
Domestic Commitments will not exceed the Domestic Commitments then in effect; 
 (iv) After
giving effect to the issuance of the Proposed Letter of Credit, the Letter of Credit Usage with respect to Letters of Credit will not exceed $400,000,000; and 

(v) If the Proposed Letter of Credit is a Commercial Letter of Credit, after giving effect to the issuance
of the Proposed Letter of Credit, the Letter of Credit Usage in respect of Commercial Letters of Credit will not exceed $100,000,000. 
  

			
	 Very truly yours,

	
	 SAFEWAY INC.

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

			
	 III-2
	  	Notice of Issuance of Letter of Credit

 EXHIBIT IV-A 
 [FORM OF NOTE (COMPANY)] 
 SAFEWAY INC. PROMISSORY NOTE 

[DOMESTIC LOANS] 
 [DOMESTIC SWING LINE LOANS] 
 [CANADIAN LOANS] 

[Place of delivery of Note] 
             , 2011 
 For value received, Safeway Inc., a Delaware corporation (“Company”), hereby promises to pay to the order of
                     (“Lender”) the unpaid principal amount of each [Domestic Loan] [Domestic Swing Line Loan] [Canadian
Loan] made by Lender to Company pursuant to the Credit Agreement referred to below on or before the maturity date applicable to such Loan as set forth in the Credit Agreement. Company promises to pay interest on the unpaid principal amount of each
such Loan on the dates and at the rate or rates provided for in the Credit Agreement. All such payments of principal and interest shall be made in United States Dollars in same day funds at the [Domestic][Canadian] Administrative Agent’s
office, as specified in the Credit Agreement. 
 All such Loans made by Lender, the respective maturities
thereof and all repayments of principal thereof shall be recorded by Lender and, prior to any transfer hereof, appropriate notations to evidence the foregoing information with respect to each such Loan then outstanding shall be endorsed by Lender on
the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof, or in the records of Lender in accordance with its usual practice; provided that the failure of Lender to make any such recordation or
endorsement shall not affect the obligations of Company hereunder or under the Credit Agreement. 
 This
promissory note is one of the promissory notes referred to in Section 2.1(E) of the Credit Agreement, dated as of June 1, 2011 (said Credit Agreement, as amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”), by and among Company and Canada Safeway Limited, an Alberta corporation (“Canada Safeway”), as Borrowers, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities
LLC, as Joint Lead Arrangers and Joint Bookrunners, Deutsche Bank Securities Inc., BNP Paribas Securities Corp., U.S. Bank National Association and Wells Fargo Securities, LLC, as Joint Lead Arrangers, Deutsche Bank AG New York Branch, as Domestic
Administrative Agent, Deutsche Bank AG Canada Branch, as Canadian Administrative Agent, Bank of America, N.A. and JPMorgan Chase Bank, National Association, as Syndication Agents, BNP Paribas, U.S. Bank National Association and Wells Fargo Bank,
National Association, as Documentation Agents, and the Lenders from time to time party thereto. Terms defined in the Credit Agreement are used herein with the same meanings. Reference is hereby made to the Credit Agreement for provisions relating to
this promissory note, including, without limitation, the mandatory and optional prepayment hereof and the acceleration of the maturity hereof. 
 [Remainder of the page intentionally left blank.] 

  

			
	 IV-A-1
	  	Promissory Note (Company)

 IN WITNESS WHEREOF, Company has caused this Note to be executed and
delivered by its duly authorized officer, as of the day and year first above written. 
  

			
	 SAFEWAY INC.

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

			
	 IV-A-2
	  	Promissory Note (Company)

 Schedule to Promissory Note 

ADVANCES AND PAYMENTS OF PRINCIPAL 
  

											
	Date	  	 Amount of
 Loan
	  	 Type of
 Loan
	  	 Amount of
 Principal
 Repaid
	  	Maturity Date	  	 Notation
 By

	  

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

  

			
	 IV-A-3
	  	Promissory Note (Company)

 EXHIBIT IV-B 
 [FORM OF NOTE (CANADA SAFEWAY)] 
 CANADA SAFEWAY LIMITED PROMISSORY NOTE

 [CANADIAN LOANS] 
 [CANADIAN SWING LINE LOANS] 
 [Place of delivery of Note] 

            , 2011 

For value received, Canada Safeway Limited, an Alberta corporation (“Canada Safeway”), hereby promises
to pay to the order of                      (“Lender”), the unpaid principal amount of each [Canadian Loan] [Canadian Swing
Line Loan] made by Lender to Canada Safeway pursuant to the Credit Agreement referred to below on or before the maturity date applicable to such Loan as set forth in the Credit Agreement. Canada Safeway promises to pay interest on the unpaid
principal amount of each such Loan on the dates and at the rate or rates provided for in the Credit Agreement. All such payments of principal and interest shall be made in United States Dollars or Canadian Dollars in accordance with the provisions
of the Credit Agreement and in same day funds at the Canadian Administrative Agent’s office, as specified in the Credit Agreement. 
 All such Loans made by Lender, the respective maturities thereof and all repayments of principal thereof shall be recorded by Lender and, prior to any transfer hereof, appropriate notations to evidence
the foregoing information with respect to each such Loan then outstanding shall be endorsed by Lender on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof, or in the records of Lender in
accordance with its usual practice; provided that the failure of Lender to make any such recordation or endorsement shall not affect the obligations of Canada Safeway hereunder or under the Credit Agreement. 

This promissory note is one of the promissory notes referred to in Section 2.1(E) of the Credit Agreement, dated as
of June 1, 2011 (said Credit Agreement, as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among Safeway Inc., a Delaware corporation, and Canada Safeway, as Borrowers,
Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as Joint Lead Arrangers and Joint Bookrunners, Deutsche Bank Securities Inc., BNP Paribas Securities Corp., U.S. Bank National Association and Wells Fargo
Securities, LLC, as Joint Lead Arrangers, Deutsche Bank AG New York Branch, as Domestic Administrative Agent, Deutsche Bank AG Canada Branch, as Canadian Administrative Agent, Bank of America, N.A. and JPMorgan Chase Bank, National Association, as
Syndication Agents, BNP Paribas, U.S. Bank National Association and Wells Fargo Bank, National Association, as Documentation Agents, and the Lenders from time to time party thereto. Terms defined in the Credit Agreement are used herein with the same
meanings. Reference is hereby made to the Credit Agreement for provisions relating to this promissory note, including, without limitation, the mandatory and optional prepayment hereof and the acceleration of the maturity hereof. 

[Remainder of the page intentionally left blank.] 

  

			
	 IV-B-1
	  	Promissory Note (Canada Safeway)

 IN WITNESS WHEREOF, Canada Safeway has caused this Note to be
executed and delivered by its duly authorized officer, as of the day and year first above written. 
  

			
	CANADA SAFEWAY LIMITED
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

			
	 IV-B-2
	  	Promissory Note (Canada Safeway)

 Schedule to Promissory Note 

ADVANCES AND PAYMENTS OF PRINCIPAL 
  

											
	Date	  	 Amount of
 Loan
	  	 Type of
 Loan
	  	 Amount of
 Principal
 Repaid
	  	Maturity Date	  	 Notation
 By

	  

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

	  

 

  

			
	 IV-B-3
	  	Promissory Note (Canada Safeway)

 EXHIBIT V 
 [FORM OF] COMPLIANCE CERTIFICATE 
 THE UNDERSIGNED HEREBY CERTIFY THAT: 

(1) We are the duly elected [Title] and [Title] of Safeway Inc., a Delaware corporation (“Company”);

 (2) We have reviewed the terms of the Credit Agreement, dated as of June 1, 2011, by and among Company
and Canada Safeway Limited, an Alberta corporation, as Borrowers, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as Joint Lead Arrangers and Joint Bookrunners, Deutsche Bank Securities Inc., BNP Paribas
Securities Corp., U.S. Bank National Association and Wells Fargo Securities, LLC, as Joint Lead Arrangers, Deutsche Bank AG New York Branch, as Domestic Administrative Agent, Deutsche Bank AG Canada Branch, as Canadian Administrative Agent, Bank of
America, N.A. and JPMorgan Chase Bank, National Association, as Syndication Agents, BNP Paribas, U.S. Bank National Association and Wells Fargo Bank, National Association, as Documentation Agents, and the Lenders from time to time party thereto (as
amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein without definition shall have the meanings set forth in the Credit Agreement), and we have made, or have
caused to be made, under our supervision, a review in reasonable detail of the transactions and condition of Company and its Subsidiaries during the accounting period covered by the attached financial statements; and 

(3) The examination described in paragraph (2) did not disclose and we have no knowledge of the existence of any
condition or event which constitutes an Event of Default or Potential Event of Default during or at the end of the accounting period covered by the attached financial statements or as of the date of this Certificate, except as set forth below.

 Set forth below (or in a separate attachment to this Certificate) are the exceptions, if any, to paragraph
(3) listed, so as to detail the nature of the condition or event, the period during which it has existed and the action Company has taken, is taking, or proposes to take with respect to each such condition or event: 

 
  
  

 
  

 
  

 

  

			
	 V-1
	  	Compliance Certificate

 The foregoing certifications, together with the computations set forth in
Attachment No. 1 hereto and the financial statements delivered with this Certificate in support hereof, are made and delivered this day of             ,
         pursuant to subsection 8.1(iii) of the Credit Agreement. 
  

			
	SAFEWAY INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

			
	 V-2
	  	Compliance Certificate

 ATTACHMENT NO. 1 

TO COMPLIANCE CERTIFICATE 
 (The Certificate attached hereto is as of                      and pertains to the period from
                     to
                    .) 
 Capitalized terms used herein shall have the meanings set forth in the Credit Agreement, dated as of June 1, 2011, by and among Safeway Inc., a Delaware corporation (“Company”), and
Canada Safeway Limited, an Alberta corporation (“Canada Safeway”), as Borrowers, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as Joint Lead Arrangers and Joint Bookrunners, Deutsche
Bank Securities Inc., BNP Paribas Securities Corp., U.S. Bank National Association and Wells Fargo Securities, LLC, as Joint Lead Arrangers, Deutsche Bank AG New York Branch, as Domestic Administrative Agent, Deutsche Bank AG Canada Branch, as
Canadian Administrative Agent, Bank of America, N.A. and JPMorgan Chase Bank, National Association, as Syndication Agents, BNP Paribas, U.S. Bank National Association and Wells Fargo Bank, National Association, as Documentation Agents, and the
Lenders from time to time party thereto (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Subsection references herein relate to the subsections of the Credit Agreement.

  

											
	A.	 	 Liensand Related Matters1 
	    

				
		 	1.	    	 Aggregate Indebtedness secured by Liens granted in reliance on subsection 9.1A(ix)
	  	$	            	  
				
		 	2.	    	 Maximum permitted Indebtedness secured by Liens permitted under subsection 9.1A(ix) (5% of the Book Value of the consolidated tangible assets of
Company and its Subsidiaries (other than Unrestricted Subsidiaries))
	  	$	            	  
		
	B.	 	Minimum Interest Coverage Ratio (for the four-fiscal quarter period ended             ,
        
)2	  
				
		 	1.	    	 Consolidated Adjusted EBITDA:
	  			
					
		 		    	A.	  	 Consolidated Net Income
	  	$	            	  
					
		 		    	B.	  	 LIFO expense or income
	  	$	            	  
					
		 		    	C.	  	 Consolidated Interest Expense
	  	$	            	  

  

 

	1 
	 See Section D “(Section 1.2 Reconciliations)” of this attachment for an explanation of adjustments required by Section 1.2 of
the Credit Agreement (if any) to line items in the Company’s most recent financial statements in order to compute the figures set forth in this Section A. 

	2	 See Section D
“(Section 1.2 Reconciliations)” of this attachment for an explanation of adjustments required by Section 1.2 of the Credit Agreement (if any) to line items in the Company’s most recent financial statements in order to
compute the figures set forth in this Section B. 

  

			
	 V-3
	  	Compliance Certificate

											
		 		    	 D.
	  	 Provisions for taxes based on income
	  	$	            	  
					
		 		    	 E.
	  	 Depreciation and amortization expense
	  	$	            	  
					
		 		    	 F.
	  	 Equity in earnings or losses of unconsolidated Affiliates to the extent not actually received or paid by Company or its Subsidiaries
	  	$	            	  
					
		 		    	 G.
	  	 Material non-cash, non-recurring gains or losses
	  	$	            	  
					
		 		    	 H.
	  	 Non-cash expenses recognized pursuant to Financial Accounting Standards Board Statement No. 123(R), Share-Based Payment
	  	$	            	  
					
		 		    	 I.
	  	 Property impairment charges recognized pursuant to Financial Accounting Standards Board Statement No. 144
	  	$	            	  
					
		 		    	 J.
	  	 Non-cash goodwill impairment charges incurred pursuant to Financial Accounting Standards Board Statement No. 142
	  	$	            	  
					
		 		    	 K.
	  	 Any non-cash charge included in G, H, I or J in a prior period, which represents a cash charge during the current period
	  	$	            	  
					
		 		    	 L.
	  	 Consolidated Adjusted EBITDA (A plus (or minus) B plus C plus D plus E plus (or minus) F plus (or minus) G plus H plus I plus J minus K)
	  	$	            	  
				
		 	 2.
	    	 Interest Coverage Ratio (1L):(1C) 
	  	 	        :1.00	  
				
		 	 3.
	    	 Minimum ratio required under subsection 9.2A
	  	 	2.00:1.00	  
		
	C.	 	 MaximumLeverage Ratio for the preceding3 fiscal quarter ended             ,
        
	   

				
		 	 1.
	    	 Consolidated Total Debt
	  	$	            	  
				
		 	 2.
	    	 Aggregate amount of Unrestricted Cash in excess of $75,000,000
	  	$	            	  
				
		 	 3.
	    	 Consolidated Adjusted EBITDA (Item B1L)
	  	$	            	  
				
		 	 4.
	    	 Leverage Ratio (1-2):(3) 
	  	 	        :1.00	  

  

 

	3 	 See Section D “(Section 1.2 Reconciliations)” of this attachment for an explanation of adjustments required by Section 1.2 of
the Credit Agreement (if any) to line items in the Company’s most recent financial statements in order to compute the figures set forth in this Section C. 

  

			
	 V-4
	  	Compliance Certificate

											
		 	 5.
	  		    	 Maximum Leverage Ratio permitted under subsection 9.2B
	  	 	3.50:1.00	  
					
		 	 D.
	  		    	 Section 1.2 Reconciliations
	  			
					
		 	 1.
	  		    	 Section A – Liens and Related Matters:
	  			
				
		 		  		    	 	 
					
		 	 2.
	  		    	 Section B – Minimum Interest Coverage Ratio (for the four-fiscal quarter period ended
            ,         ):
	  			
				
		 		  		    	 	 
					
		 	 3.
	  		    	 Section C - Maximum Leverage Ratio for the preceding fiscal quarter ended             ,
        :
	  			
				
		 		  		    	 	 

  

			
	 V-5
	  	Compliance Certificate

 EXHIBIT VI 
 [FORM OF] ASSIGNMENT AND ASSUMPTION AGREEMENT 
 This
Assignment and Assumption Agreement (this “Assignment”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of
Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (said Credit Agreement, as amended, restated, supplemented or otherwise
modified to the date hereof and as it may hereafter be amended, restated, supplemented or otherwise modified from time to time, being the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The
Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment 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 Effective Date inserted by the applicable Administrative Agent as contemplated below, the
interest in and to all of the Assignor’s rights and obligations under the Credit Agreement and any other documents or instruments delivered pursuant thereto that represents the amount and percentage interest identified below of all of the
Assignor’s outstanding rights and obligations under the respective facilities identified below (including, to the extent included in any such facilities, letters of credit, bankers’ acceptances and swingline loans) (the “Assigned
Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment, without representation or warranty by the Assignor. 

 

					
	 1.
	  	 Assignor:
	  	
                      
                                         
 
 Assignor [is] [is not] a Defaulting Lender

			
	 2.
	  	 Assignee:
	  	
                             
                                    [and is an Affiliate/Approved
Fund1]

			
	 3.
	  	 Borrower(s):
	  	 Safeway Inc. and Canada Safeway Limited

			
	 4.
	  	 Domestic Administrative Agent:
	  	 Deutsche Bank AG New York Branch, as administrative agent for the Domestic Lenders under the Credit Agreement

			
	 5.
	  	 Canadian Administrative Agent:
	  	 Deutsche Bank AG Canada Branch, as administrative agent for the Canadian Lenders under the Credit Agreement

			
	 6.
	  	 Credit Agreement
	  	 The $1,500,000,000 Credit Agreement, dated as of June 1, 2011, by and among Safeway Inc., a Delaware corporation (“Company”), and Canada
Safeway Limited, an Alberta corporation (“Canada Safeway”), as Borrowers, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as Joint Lead Arrangers and Joint Bookrunners, Deutsche Bank Securities
Inc., BNP Paribas Securities Corp., U.S. Bank National Association and

 

	1 	 Select as applicable. 

  

			
	 VI-1
	  	Assignment and Assumption Agreement

					
			
		  		  	 Wells Fargo Securities, LLC, as Joint Lead Arrangers, Deutsche Bank AG New York Branch, as Domestic Administrative Agent, Deutsche Bank AG Canada Branch, as
Canadian Administrative Agent, Bank of America, N.A. and JPMorgan Chase Bank, National Association, as Syndication Agents, BNP Paribas, U.S. Bank National Association and Wells Fargo Bank, National Association, as Documentation Agents, and the
Lenders from time to time party thereto

			
	 7.
	  	 Assigned Interest:
	  	

  

													
	 Facility Assigned
	 	Aggregate
Amount of
Commitment/Loans
for all Lenders	 	 	Amount
of
Commitment/Loans/Letter
of Credit
Usage/Acceptances
Assigned	 	 	Percentage
Assigned of
Commitment/Loans/
Letter of Credit
Usage/Acceptances 2	 
				
	 Domestic Commitment
	 	$	            	  	 	$	            	  	 	 	            	% 
				
	 Canadian Commitment
	 	$	            	  	 	$	            	  	 	 	            	% 

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

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

 

			
	 ASSIGNOR

	 [NAME OF ASSIGNOR]

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 ASSIGNEE

	 [NAME OF ASSIGNEE]

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

[Consented to and] 3 Accepted: 

[Deutsche Bank AG New York Branch, 
 as Domestic Administrative Agent 
  

 

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

	3 	 To be added only if the consent of Administrative Agent is required by the terms of the Credit Agreement. 

  

			
	 VI-2
	  	Assignment and Assumption Agreement

					
	 By:
	 	  
	 	
	 Name:
	 	  
	 	
	 Title:
	 	 ]
	 	
		
	 [Deutsche Bank AG Canada Branch,
as Canadian Administrative Agent
	 	
			
	 By:
	 	  
	 	
	 Name:
	 	  
	 	
	 Title:
	 	 ]
	 	
		
	 [Consented
to:4
	 	
		
	 [Insert name of Issuing Lender],
as an Issuing Lender
	 	
			
	 By:
	 	  
	 	
	 Name:
	 	  
	 	
	 Title:
	 	 ]
	 	
		
	 [Consented
to:5
	 	
		
	 [Insert name of Swing Line Lender],
as a Swing Line Lender
	 	
			
	 By:
	 	  
	 	
	 Name:
	 	  
	 	
	 Title:
	 	 ]
	 	
		
	 [Consented to:
  

Safeway, Inc.
	 	
			
	 By:
	 	  
	 	
	 Name:
	 	  
	 	
	 Title:
	 	 ]
	 	6

  

	4 	 To be added only if the consent of each Issuing Lender is required by the terms of the Credit Agreement. 

	5 	 To be added only if the consent of each Swing Line Lender is required by the terms of the Credit Agreement. 

	6 	 To be added only if the consent of Company is required by the terms of the Credit Agreement. 

  

			
	 VI-3
	  	Assignment and Assumption Agreement

 ANNEX 1 
 SAFEWAY CREDIT AGREEMENT 
 STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION AGREEMENT 
 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, (iii) it has full
power and authority, and has taken all action necessary, to execute and deliver this Assignment and to consummate the transactions contemplated hereby, and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with
respect to (i) any statements, warranties or representations made in or in connection with any Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any other
instrument or document delivered pursuant thereto, other than this Assignment (herein collectively the “Loan Documents”), or any collateral thereunder, (iii) the financial condition of Company, any of its Subsidiaries or
Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by Company, any of its Subsidiaries or 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 to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible
Assignee under the Credit Agreement, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement 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, together with copies of the most recent financial statements delivered pursuant to subsection 8.1 thereof, as applicable, 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 to purchase the Assigned Interest on the basis of which it has made such analysis and decision, and (v) if it is a Non-US Lender, attached to the Assignment is any
documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the applicable 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 Loan Documents are required to be performed by it as a Lender. 
 2. Payments. From and after the Effective Date, the applicable Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and
other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. Notwithstanding the foregoing, the applicable Administrative
Agent shall make all payments of interest, fees or other amounts paid or payable in kind from and after the Effective Date to [the] [the relevant] Assignee. 

  

			
	 VI-A-1
	  	Assignment and Assumption Agreement

 3. General Provisions. This Assignment shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a
signature page of this Assignment by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED
AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. 

  

			
	 V1-A-2
	  	Assignment and Assumption Agreement

 EXHIBIT VII 
 [FORM OF] PRICING LEVEL DETERMINATION CERTIFICATE 
 Deutsche Bank AG New York Branch,

 as Domestic Administrative Agent 
 60 Wall Street 
 New York, NY 10005 
 Fax: 732-460-6874 
 Email: heidi.sandquist@db.com 

Attention: Ms. Heidi Sandquist 
  

	 	Re:	 Pricing level determination under Safeway Credit Agreement 

Pursuant to that certain Credit Agreement, dated as of June 1, 2011, by and among Safeway Inc., a Delaware
corporation (“Company”), and Canada Safeway Limited, an Alberta corporation (“Canada Safeway”), as Borrowers, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as Joint Lead
Arrangers and Joint Bookrunners, Deutsche Bank Securities Inc., BNP Paribas Securities Corp., U.S. Bank National Association and Wells Fargo Securities, LLC, as Joint Lead Arrangers, Deutsche Bank AG New York Branch, as Domestic Administrative
Agent, Deutsche Bank AG Canada Branch, as Canadian Administrative Agent, Bank of America, N.A. and JPMorgan Chase Bank, National Association, as Syndication Agents, BNP Paribas, U.S. Bank National Association and Wells Fargo Bank, National
Association, as Documentation Agents, and the Lenders from time to time party thereto (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein without
definition shall have the meanings set forth in the Credit Agreement), this represents a Pricing Level Determination Certificate of the Company delivered pursuant to subsection 8.1(iv) of the Credit Agreement. 

This Pricing Level Determination Certificate is being delivered (check applicable box): 

 

					
	  ̈
	  	 in connection with the delivery of Company’s quarterly or annual financial statements which show that Company’s Interest Coverage Ratio
as of the last day of the period covered by such financial statements was ___ to 1.00.

		
	  ̈
	  	 in connection with a change in the rating of Company’s senior unsecured debt publicly announced by:

			
		  	  ̈
	  	 Fitch, which changed its rating from
                     to
                    .

			
		  	  ̈
	  	 S&P, which changed its rating from
                     to
                    .

			
		  	  ̈
	  	 Moody’s, which changed its rating from
                     to
                    .

		
	  ̈
	  	 on an interim basis in connection with an earnings release of Company. Based on such earnings release, Company’s Consolidated Adjusted EBITDA
was $         for the four fiscal quarters ended                      and its Consolidated
Interest Expense for the same period was $        . Accordingly, Company’s Interest Coverage Ratio as of the last day of such period was          to
1.00.

  
  

			
	 VII-1
	  	Pricing Level Determination Certificate

 In light of the foregoing, the correct Pricing Level as of the date of this
Pricing Level Determination Certificate is Pricing Level          which corresponds to (check applicable box): 
  

													
	  ̈
	 	  a senior unsecured debt rating of ___________ from

		 	  ̈
	  	 Fitch
	  	  ̈
	  	 S&P
	  	  ̈
	  	 Moody’s

		
		 	 and ___________ from

							
		 	  ̈
	  	 Fitch
	  	  ̈
	  	 S&P
	  	  ̈
	  	 Moody’s

		
	  ̈
	 	  an interest coverage ratio of ______ to 1.00.

 

	
	 Such Pricing Level, relative to the Pricing Level in effect prior to the delivery of this Pricing Level Determination Certificate, is
(check applicable box):

  

															
	  ̈
	 	 unchanged
	  	 ̈	 	  	  	 Higher
	  	 ̈	  	 lower

 Notwithstanding the foregoing, from the Closing Date to December 31, 2011, the applicable Pricing Level shall not be more favorable to a Borrower than Pricing Level D. 

The undersigned officer of Company hereby certifies as of the date hereof that he or she has reviewed the terms of the
Credit Agreement and has made such investigation as he or she deemed reasonable to provide and confirm the accuracy of the information set forth herein and hereby certifies that the information set forth above is correct as of such date. 

 

							
	 DATED:                     
	 		 	 SAFEWAY INC.

				
		 		 	 By:
	 	  

		 		 	 Name:
	 	  

		 		 	 Title:
	 	  

  
  

			
	 VII-2
	  	Pricing Level Determination Certificate

 EXHIBIT VIII 
 [FORM OF] DRAWING NOTICE 

            ,         

 Deutsche Bank AG Canada Branch, 

      as Canadian Administrative Agent 
 199 Bay Street, Suite 4700 
 Toronto, Ontario, M5L 1E9 Canada 

Fax: 416-628-8484 
 Email: marcellus.leung@db.com

 Attention: Mr. Marcellus Leung 

Ladies and Gentlemen: 
 Pursuant to that certain Credit Agreement, dated as of June 1, 2011, by and among Safeway Inc., a Delaware corporation (“Company”), and Canada Safeway Limited, an Alberta corporation
(“Canada Safeway”), as Borrowers, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as Joint Lead Arrangers and Joint Bookrunners, Deutsche Bank Securities Inc., BNP Paribas Securities
Corp., U.S. Bank National Association and Wells Fargo Securities, LLC, as Joint Lead Arrangers, Deutsche Bank AG New York Branch, as Domestic Administrative Agent, Deutsche Bank AG Canada Branch, as Canadian Administrative Agent, Bank of America,
N.A. and JPMorgan Chase Bank, National Association, as Syndication Agents, BNP Paribas, U.S. Bank National Association and Wells Fargo Bank, National Association, as Documentation Agents, and the Lenders from time to time party thereto (as amended,
restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; capitalized terms used herein without definition shall have the meanings set forth in the Credit Agreement), this represents Canada
Safeway’s notice, given pursuant to subsection 4.2 of the Credit Agreement, requesting a Drawing under the Credit Agreement on the date, in the amount and having the term set forth below: 

 

	 	1.	 The Drawing Date, which is a Business Day, is             ,
        . 

  

	 	2.	 The aggregate Face Amount of Drafts to be accepted is Cdn. $        .

  

	 	3.	 The maturity date for such Drafts is             ,
        , which represents a term to maturity of approximately [30/60/90/120/180] days.10 

  

	 	4.	 The Acceptances to be created hereby are to be [delivered/purchased] by the Canadian Lenders. 

The undersigned officers, to the best of their knowledge, and Canada Safeway and Company, each hereby certifies that (i) the
representations and warranties contained in the Credit Agreement and in the other Loan Documents (which representations and warranties in the case of Canada Safeway shall be limited to Canada Safeway and its Subsidiaries) will be true, correct and
complete as of the Drawing Date in all material respects on and as of the date thereof to the same extent as though made on and as of the date thereof, except to the extent that such representations 

  
  

 

	10 
	 Or such shorter period as agreed by Canada Safeway and the Canadian Lenders or the Canadian Administrative Agent, in accordance with subsection 4.3
of the Credit Agreement. 

  

			
	 VIII-1
	  	Drawing Notice

 
and warranties specifically relate to an earlier date, in which case, such representations and warranties were true, correct and complete in all material respects on and as of such earlier date;
(ii) no event has occurred and is continuing or would result from the consummation of the proposed Drawing contemplated hereby that would constitute an Event of Default or a Potential Event of Default; and (iii) after giving effect to the
proposed Drawing, the Total Utilization of Canadian Commitments shall not exceed the Canadian Commitments then in effect. 
  

			
	CANADA SAFEWAY LIMITED
		
	 By:
	 	
 

			
	 Name:
	 	
 

			
	 Title:
	 	  

Acknowledged and consented to as of the date 
 hereof. 
  

			
	SAFEWAY INC.
		
	 By:
	 	  

			
	 Name:
	 	  

			
	 Title:
	 	  

  

			
	 VIII-2
	  	Drawing Notice

 EXHIBIT IX 
 [FORM OF] ACCEPTANCE ENDORSEMENT 
 ACCEPTED/ACCEPTÉ

  

	
	 date/le             
20[    ]

	               Payable at [INSERT LOCATION]/payable à
                    

 [Name of Lender] 
  

			
	 Per:
	 	
	 par:
	 	  

		 	 Authorized signature

		 	 Signature Autorisée

		
	 Per:
	 	
	 par:
	 	  

		 	 Authorized Signature

		 	 Signature Autorisée

  

			
	 IX-1
	  	Acceptance Endorsement

 EXHIBIT X 
 [FORM OF] DRAFT 
  

			
	 BANKERS’ ACCEPTANCE
	  	             Due             
200[    ]

	 ACCEPTATION BANCAIRE
	  	 Echéant le

		
	 NO. B.A. IL.0000
	  	
		  	                     , Canada

		
		  	                     ,
200[    ]

 On/Le
             20[    ] without grace, for value received, pay to the order of the undersigned drawer the sum of/sans jours de grâce et contra valeur,
payez à l’ordre du tireur soussigné la somme de                      dollars
($        ) 
  

			
	TO/A -	 	[Name of Lender]
		 	                     , Canada

		 	

  

			
	CANADA SAFEWAY LIMITED
		
	 Per:
	 	
	 par:
	 	  

		 	 Authorized signature
 Signature Autorisée

  

			
	 X-1
	  	Draft

 SCHEDULE 2.1 
 LENDERS’ COMMITMENTS AND PRO RATA SHARES 
  

					
	 Domestic Lender
	  	Domestic Commitment	 
		
	 Bank of America, N.A.
	  	$	100,000,000	  
	 JPMorgan Chase, N.A.
	  	$	100,000,000	  
	 Deutsche Bank AG New York Branch
	  	$	60,000,000	  
	 BNP Paribas
	  	$	60,000,000	  
	 U.S. Bank, National Association
	  	$	85,000,000	  
	 Wells Fargo Bank, National Association
	  	$	85,000,000	  
	 Citibank, N.A.
	  	$	75,000,000	  
	 Credit Suisse AG
	  	$	75,000,000	  
	 RBS
	  	$	75,000,000	  
	 Union Bank, N.A.
	  	$	75,000,000	  
	 Barclays Bank PLC
	  	$	60,000,000	  
	 BB&T Bank
	  	$	60,000,000	  
	 Goldman Sachs
	  	$	60,000,000	  
	 Morgan Stanley Bank, N.A.
	  	$	60,000,000	  
	 The Northern Trust Company
	  	$	40,000,000	  
	 Bank of New York Mellon
	  	$	40,000,000	  
	 Comerica Bank
	  	$	40,000,000	  
	 AGFirst Farm Credit Bank
	  	$	40,000,000	  
	 First Hawaiian Bank
	  	$	20,000,000	  
	 Bank of the West
	  	$	20,000,000	  
	 Chang Hwa Commercial Bank New York Branch

 
	  	$  
	20,000,000  
	    

		  	 	 	 
	 TOTAL
	  	$	1,250,000,000	  

  
 Schedule 2.1-1

					
	 Canadian Lender
	  	Canadian Commitment	 
		
	 Deutsche Bank AG Canada Branch
	  	$	25,000,000	  
	 Canadian Imperial Bank of Commerce
	  	$	75,000,000	  
	 The Toronto-Dominion Bank
	  	$	60,000,000	  
	 Bank of Montreal
	  	$	45,000,000	  
	 Alberta Treasury Branches

 
	  	$  
	45,000,000  
	    

		  	 	 	 
	 TOTAL
	  	$	250,000,000	  

  
 Schedule 2.1-2

									
	 Domestic Swing Line Lenders
	  	Domestic Swing Line
Commitment	 	  	Domestic Swing Line
Pro Rata
Share	 
	 Bank of America, N.A.
	  	$	50,000,000	  	  	 	33.333	% 
	 JPMorgan Chase Bank, N.A.
	  	$	50,000,000	  	  	 	33.333	% 
	 Deutsche Bank AG New York Branch

 
	  	$  
	50,000,000  
	    
	  	   
	33.333  
	%   

		  	 	 	 	  	 	 	 
	 TOTAL
	  	$	150,000,000	  	  	 	100	% 

  
 Schedule 2.1-3

									
	 Canadian Swing Line Lender
	  	Canadian Swing Line
Commitment	 	  	Canadian Swing Line
Pro Rata
Share	 
	 Deutsche Bank AG Canada Branch

 
	  	$  
	25,000,000  
	    
	  	   
	100  
	%   

		  	 	 	 	  	 	 	 
	 TOTAL
	  	$	25,000,000	  	  	 	100	% 

  
 Schedule 2.1-4

 SCHEDULE 3.1 

EXISTING COMPANY LETTERS OF CREDIT1 
  

															
	 Issuer
	  	L/C No.	  	Face Amount	 	  	Date Issued	 	  	Expiration Date	 
	 Deutsche Bank AG New York Branch
	  	DBS-15311	  	 	13,470,000.00	  	  	 	June 26, 2003	  	  	 	June 26, 2011	  
	 Deutsche Bank AG New York Branch
	  	DBS-15396	  	 	4,750,000.00	  	  	 	August 1, 2003	  	  	 	August 1, 2011	  
	 Deutsche Bank AG New York Branch
	  	DBS16974	  	 	7,760,911.00	  	  	 	February 15, 2006	  	  	 	February 15, 2012	  
	 Deutsche Bank AG New York Branch
	  	DBS18760	  	 	5,000,000.00	  	  	 	June 1, 2010	  	  	 	May 31, 2012	  
	 Deutsche Bank AG New York Branch
	  	DBS18761	  	 	5,000,000.00	  	  	 	June 1, 2010	  	  	 	May 31, 2012	  
	 Deutsche Bank AG New York Branch
	  	DBS18762	  	 	5,000,000.00	  	  	 	June 1, 2010	  	  	 	May 31, 2012	  
	 Deutsche Bank AG New York Branch
	  	DBS18763	  	 	5,000,000.00	  	  	 	June 1, 2010	  	  	 	May 31, 2012	  
	 Deutsche Bank AG New York Branch
	  	DBS18764	  	 	5,000,000.00	  	  	 	June 1, 2010	  	  	 	May 31, 2012	  
	 Deutsche Bank AG New York Branch
	  	DBS18765	  	 	5,000,000.00	  	  	 	June 1, 2010	  	  	 	May 31, 2012	  
	 Deutsche Bank AG New York Branch
	  	S-15026	  	 	14,700,000.00	  	  	 	May 27, 2010	  	  	 	January 15, 2012	  
	 Deutsche Bank AG New York Branch
	  	S-15118	  	 	2,360,000.00	  	  	 	January 15, 2003	  	  	 	March 20, 2012	  
	 Deutsche Bank AG New York Branch
	  	S-15119	  	 	500,000.00	  	  	 	March 20, 2003	  	  	 	March 20, 2012	  

  

 

	1 	 All Letters of Credit described herein are Standby Letters of Credit. 

  
 Schedule 3.1-1Amended and Restated Revolving Credit Facility Agreement

 Exhibit 10.1 

 

 

 $300,000,000 
 AMENDED AND RESTATED CREDIT AGREEMENT 
 dated as of June 3, 2011 

among 
 PETROLEUM
HEAT AND POWER CO., INC., 
 as Borrower 
 THE OTHER LOAN PARTIES PARTY HERETO, 
 The Lenders from Time to Time Party Hereto,

 JPMORGAN CHASE BANK, N.A., 
 as Administrative Agent and an LC Issuer 
 BANK OF AMERICA, N.A., 

as Syndication Agent and an LC Issuer 
 and 
 RBS CITIZENS, N.A., 

as Documentation Agent 
 and 
 KEY BANK NATIONAL ASSOCIATION, PNC BANK, N.A., REGIONS BANK, TD 

BANK, N.A. and WELLS FARGO CAPITAL FINANCE, LLC, 
 as Senior Managing Agents 
 and 

J.P. MORGAN SECURITIES LLC, 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 
 and 

RBS CITIZENS, N.A., 
 as Joint Lead Arrangers and Joint Book Runners 

 TABLE OF CONTENTS 

 

									
	 	 	 	 	 	  	 	 	Page
		
	 ARTICLE I DEFINITIONS
	 	1
		 	 1.1.
	 	 Defined Terms
	 	1
		 	 1.2.
	 	 Accounting Terms; GAAP
	 	36
		
	 ARTICLE II THE FACILITY
	 	36
		 	 2.1.
	 	 The Facility
	 	36
		 		 	 2.1.1.
	  	Revolving Loans	 	37
		 		 	 2.1.2.
	  	Facility LCs	 	38
		 		 	 2.1.3.
	  	Non-Ratable Loans	 	42
		 		 	 2.1.4.
	  	Protective Advances, Swingline Loans and Overadvances	 	43
		 	 2.2.
	 	 Ratable Loans; Risk Participation
	 	45
		 	 2.3.
	 	 Payment of the Obligations
	 	45
		 	 2.4.
	 	 Minimum Amount of Each Advance
	 	45
		 	 2.5.
	 	 Funding Account
	 	46
		 	 2.6.
	 	 Reliance Upon Authority; No Liability
	 	46
		 	 2.7.
	 	 Conversion and Continuation of Outstanding Advances
	 	46
		 	 2.8.
	 	 Telephonic Notices
	 	47
		 	 2.9.
	 	 Notification of Advances, Interest Rates and Repayments
	 	47
		 	 2.10.
	 	 Fees
	 	47
		 	 2.11.
	 	 Interest Rates
	 	48
		 	 2.12.
	 	 Eurodollar Advances Post Default; Default Rates
	 	48
		 	 2.13.
	 	 Interest Payment Dates; Interest and Fee Basis
	 	48
		 	 2.14.
	 	 Voluntary Prepayments
	 	49
		 	 2.15.
	 	 Mandatory Prepayments
	 	49
		 	 2.16.
	 	 Termination of the Commitments; Increase in Aggregate Commitment
	 	51
		 	 2.17.
	 	 Method of Payment
	 	52
		 	 2.18.
	 	 Apportionment, Application, and Reversal of Payments
	 	53
		 	 2.19.
	 	 Settlement
	 	53
		 	 2.20.
	 	 Indemnity for Returned Payments
	 	54
		 	 2.21.
	 	 Noteless Agreement; Evidence of Indebtedness
	 	54
		 	 2.22.
	 	 Lending Installations
	 	55
		 	 2.23.
	 	 Non-Receipt of Funds by the Agent; Defaulting Lenders
	 	55
		 	 2.24.
	 	 Limitation of Interest
	 	58
		 	 2.25.
	 	 Applicable Mortgage Minimum Amount
	 	58
		
	 ARTICLE III YIELD PROTECTION; TAXES
	 	59
		 	 3.1.
	 	 Yield Protection
	 	59
		 	 3.2.
	 	 Changes in Capital Adequacy Regulations
	 	60
		 	 3.3.
	 	 Availability of Types of Advances
	 	61
		 	 3.4.
	 	 Funding Indemnification
	 	61
		 	 3.5.
	 	 Taxes
	 	62
		 	 3.6.
	 	 Lender Statements; Survival of Indemnity
	 	64
		 	 3.7.
	 	 Replacement of Lender
	 	64
		
	 ARTICLE IV CONDITIONS PRECEDENT
	 	65
		 	 4.1.
	 	 Effectiveness
	 	65

  
 ii 

									
		 	4.2.	 	Each Credit Extension	 	67
		
	 ARTICLE V REPRESENTATIONS AND WARRANTIES
	 	68
		 	 5.1.
	 	 Existence and Standing
	 	68
		 	 5.2.
	 	 Authorization and Validity
	 	68
		 	 5.3.
	 	 No Conflict; Government Consent
	 	68
		 	 5.4.
	 	 Security Interest in Collateral
	 	69
		 	 5.5.
	 	 Financial Statements
	 	69
		 	 5.6.
	 	 Material Adverse Change
	 	69
		 	 5.7.
	 	 Taxes
	 	70
		 	 5.8.
	 	 Litigation and Contingent Obligations
	 	70
		 	 5.9.
	 	 Capitalization and Subsidiaries
	 	70
		 	 5.10.
	 	 ERISA
	 	70
		 	 5.11.
	 	 Accuracy of Information
	 	71
		 	 5.12.
	 	 Names; Prior Transactions
	 	71
		 	 5.13.
	 	 Regulation U
	 	71
		 	 5.14.
	 	 Material Agreements
	 	71
		 	 5.15.
	 	 Compliance With Laws
	 	71
		 	 5.16.
	 	 Ownership of Properties
	 	71
		 	 5.17.
	 	 Plan Assets; Prohibited Transactions
	 	72
		 	 5.18.
	 	 Environmental Matters
	 	72
		 	 5.19.
	 	 Investment and Holding Company Status
	 	73
		 	 5.20.
	 	 Bank Accounts
	 	73
		 	 5.21.
	 	 Indebtedness
	 	74
		 	 5.22.
	 	 Affiliate Transactions
	 	74
		 	 5.23.
	 	 Real Property; Leases
	 	74
		 	 5.24.
	 	 Intellectual Property Rights
	 	74
		 	 5.25.
	 	Insurance	 	74
		 	 5.26.
	 	 Solvency
	 	75
		 	 5.27.
	 	 Subordinated Indebtedness
	 	75
		 	 5.28.
	 	 Post-Retirement Benefits
	 	75
		 	 5.29.
	 	 Common Enterprise
	 	75
		 	 5.30.
	 	 Reportable Transaction
	 	76
		 	 5.31.
	 	 Labor Disputes
	 	76
		 	 5.32.
	 	 Fixed Price Supply Contracts
	 	76
		 	 5.33.
	 	 Trading and Inventory Policies
	 	76
		 	 5.34.
	 	 Use of Proceeds
	 	76
		
	 ARTICLE VI COVENANTS
	 	77
		 	 6.1.
	 	 Financial and Collateral Reporting
	 	77
		 	 6.2.
	 	 Use of Proceeds
	 	81
		 	 6.3.
	 	 Notices
	 	81
		 	 6.4.
	 	 Conduct of Business
	 	82
		 	 6.5.
	 	 Taxes
	 	83
		 	 6.6.
	 	 Payment of Indebtedness and Other Liabilities
	 	83
		 	 6.7.
	 	 Insurance; Weather Hedging
	 	84
		 	 6.8.
	 	 Compliance with Laws
	 	86
		 	 6.9.
	 	 Maintenance of Properties and Intellectual Property Rights
	 	86
		 	 6.10.
	 	 Inspection
	 	86
		 	 6.11.
	 	 Appraisals
	 	87
		 	 6.12.
	 	 Communications with Accountants
	 	87

  
 iii

									
		 	6.13.	 	Post-Closing Obligations with respect to Real Property; Mortgage Amendments, Collateral Access Agreements, etc.	 	87
		 	 6.14.
	 	 Deposit Account Control Agreements
	 	89
		 	 6.15.
	 	 Additional Collateral; Further Assurances
	 	89
		 	 6.16.
	 	 Dividends
	 	89
		 	 6.17.
	 	 Indebtedness
	 	90
		 	 6.18.
	 	 Merger
	 	92
		 	 6.19.
	 	 Sale of Assets
	 	92
		 	 6.20.
	 	 Investments and Acquisitions
	 	93
		 	 6.21.
	 	 Liens
	 	94
		 	 6.22.
	 	 Change of Name or Location; Change of Fiscal Year
	 	96
		 	 6.23.
	 	 Affiliate Transactions
	 	96
		 	 6.24.
	 	 Amendments to Agreements
	 	96
		 	 6.25.
	 	 Prepayment of Indebtedness; Subordinated Indebtedness
	 	97
		 	 6.26.
	 	 Financial Contracts
	 	97
		 	 6.27.
	 	 Capital Expenditures
	 	97
		 	 6.28.
	 	 Financial Covenant
	 	98
		 	 6.29.
	 	 Depository Banks
	 	98
		 	 6.30.
	 	 Real Property Purchases
	 	98
		 	 6.31.
	 	 Sale of Accounts
	 	98
		 	 6.32.
	 	 Parent
	 	98
		 	 6.33.
	 	 Fixed Price Supply Contracts; Certain Policies
	 	98
		
	 ARTICLE VII DEFAULTS
	 	99
		
	 ARTICLE VIII REMEDIES; WAIVERS AND AMENDMENTS
	 	102
		 	 8.1.
	 	 Remedies
	 	102
		 	 8.2.
	 	 Waivers by Loan Parties
	 	103
		 	 8.3.
	 	 Amendments
	 	103
		 	 8.4.
	 	 Preservation of Rights
	 	105
		
	 ARTICLE IX GENERAL PROVISIONS
	 	106
		 	 9.1.
	 	 Survival of Representations
	 	106
		 	 9.2.
	 	 Governmental Regulation
	 	106
		 	 9.3.
	 	 Headings
	 	106
		 	 9.4.
	 	 Entire Agreement
	 	106
		 	 9.5.
	 	 Several Obligations; Benefits of this Agreement
	 	106
		 	 9.6.
	 	 Expenses; Indemnification
	 	106
		 	 9.7.
	 	 Numbers of Documents
	 	108
		 	 9.8.
	 	 Accounting
	 	108
		 	 9.9.
	 	 Severability of Provisions
	 	108
		 	 9.10.
	 	 Nonliability of Lenders
	 	109
		 	 9.11.
	 	 Confidentiality
	 	109
		 	 9.12.
	 	 Nonreliance
	 	109
		 	 9.13.
	 	 Disclosure
	 	110
		 	 9.14.
	 	 USA PATRIOT ACT
	 	110
		
	 ARTICLE X THE AGENT
	 	110
		 	 10.1.
	 	 Appointment; Nature of Relationship
	 	110
		 	 10.2.
	 	 Powers
	 	110
		 	 10.3.
	 	 General Immunity
	 	111

  
 iv 

									
		 	10.4.	 	No Responsibility for Credit Extensions, Recitals, etc.	 	111
		 	 10.5.
	 	 Action on Instructions of the Lenders
	 	111
		 	 10.6.
	 	 Employment of Agents and Counsel
	 	111
		 	 10.7.
	 	 Reliance on Documents; Counsel
	 	112
		 	 10.8.
	 	 Agent’s Reimbursement and Indemnification
	 	112
		 	 10.9.
	 	 Notice of Default
	 	112
		 	 10.10.
	 	 Rights as a Lender
	 	113
		 	 10.11.
	 	 Lender Credit Decision
	 	113
		 	 10.12.
	 	 Successor Agent
	 	113
		 	 10.13.
	 	 Delegation to Affiliates
	 	114
		 	 10.14.
	 	 Execution of Loan Documents
	 	114
		 	 10.15.
	 	 Collateral Matters.
	 	114
		 	 10.16.
	 	 Co-Agents, Documentation Agent, Syndication Agent, etc.
	 	116
		
	 ARTICLE XI SETOFF; RATABLE PAYMENTS
	 	117
		 	 11.1.
	 	 Setoff
	 	117
		 	 11.2.
	 	 Ratable Payments
	 	117
		
	 ARTICLE XII BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS
	 	117
		 	 12.1.
	 	 Successors and Assigns
	 	117
		 	 12.2.
	 	 Participations
	 	118
		 	 12.3.
	 	 Assignments
	 	119
		 	 12.4.
	 	 Dissemination of Information
	 	120
		 	 12.5.
	 	 Tax Treatment
	 	120
		 	 12.6.
	 	 Assignment by LC Issuer
	 	121
		
	 ARTICLE XIII NOTICES
	 	121
		 	 13.1.
	 	 Notices; Effectiveness; Electronic Communications
	 	121
		 	 13.2.
	 	 Change of Address, Etc.
	 	122
		
	 ARTICLE XIV COUNTERPARTS
	 	122
		
	 ARTICLE XV GUARANTY
	 	123
		 	 15.1.
	 	 Guaranty
	 	123
		 	 15.2.
	 	 Guaranty of Payment
	 	123
		 	 15.3.
	 	 No Discharge or Diminishment of Guaranty
	 	123
		 	 15.4.
	 	 Defenses Waived
	 	124
		 	 15.5.
	 	 Rights of Subrogation
	 	125
		 	 15.6.
	 	 Reinstatement; Stay of Acceleration
	 	125
		 	 15.7.
	 	 Information
	 	125
		 	 15.8.
	 	 Taxes
	 	125
		 	 15.9.
	 	 Severability
	 	126
		 	 15.10.
	 	 Contribution
	 	126
		 	 15.11.
	 	 Lending Installations
	 	127
		 	 15.12.
	 	 Liability Cumulative
	 	127
		
	 ARTICLE XVI CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL
	 	127
		 	 16.1.
	 	 CHOICE OF LAW
	 	127
		 	 16.2.
	 	 CONSENT TO JURISDICTION
	 	127
		 	 16.3.
	 	 WAIVER OF JURY TRIAL
	 	128

  
 v 

									
		
	 ARTICLE XVII THE BORROWER REPRESENTATIVE
	 	128
		 	 17.1.
	 	Appointment; Nature of Relationship	 	128
		 	 17.2.
	 	Powers	 	128
		 	 17.3.
	 	Employment of Agents	 	128
		 	 17.4.
	 	Notices	 	129
		 	 17.5.
	 	Successor Borrower Representative	 	129
		 	 17.6.
	 	Execution of Loan Documents; Borrowing Base Certificate	 	129
		 	 17.7.
	 	Reporting	 	129
		
	 ARTICLE XVIII
	 	129
		
	 Effect of Amendment and Restatement of Existing Credit Agreement
	 	129

  

			
	EXHIBITS:	  	
		
	EXHIBIT A	  	FORM OF BORROWING NOTICE
	EXHIBIT B	  	FORM OF CONVERSION/CONTINUATION NOTICE
	EXHIBIT C	  	NOTE
	EXHIBIT D	  	FORM OF OPINION
	EXHIBIT E	  	COMPLIANCE CERTIFICATE
	EXHIBIT F	  	JOINDER AGREEMENT
	EXHIBIT G	  	ASSIGNMENT AND ASSUMPTION AGREEMENT
	EXHIBIT H	  	BORROWING BASE CERTIFICATE
		
	SCHEDULES:	  	
		
	SCHEDULE I	  	COMMITMENTS
	SCHEDULE 1.1A	  	EXISTING LETTERS OF CREDIT
	SCHEDULE 1.1B	  	ELIGIBLE CARRIERS
	SCHEDULE 5.8	  	LITIGATION AND CONTINGENT OBLIGATIONS
	SCHEDULE 5.9	  	CAPITALIZATION AND SUBSIDIARIES
	SCHEDULE 5.12	  	NAMES; PRIOR TRANSACTIONS
	SCHEDULE 5.14	  	MATERIAL AGREEMENTS
	SCHEDULE 5.16	  	OWNERSHIP OF PROPERTIES
	SCHEDULE 5.18	  	ENVIRONMENTAL MATTERS
	SCHEDULE 5.21	  	INDEBTEDNESS
	SCHEDULE 5.22	  	AFFILIATE TRANSACTIONS
	SCHEDULE 5.23	  	REAL PROPERTY; LEASES
	SCHEDULE 5.24	  	INTELLECTUAL PROPERTY RIGHTS
	SCHEDULE 5.25	  	INSURANCE
	SCHEDULE 5.31	  	LABOR MATTERS
	SCHEDULE 5.32	  	FIXED PRICE SUPPLY CONTRACTS
	SCHEDULE 6.20	  	OTHER INVESTMENTS
	SCHEDULE 6.21	  	LIENS

  
 vi 

 AMENDED AND RESTATED CREDIT AGREEMENT 

This Amended and Restated Credit Agreement, dated as of June 3, 2011, is among Petroleum Heat and Power Co., Inc., a Minnesota
corporation (“Petro” or the “Borrower”), the other Loan Parties, the Lenders from time to time party hereto, JPMorgan Chase Bank, N.A., a national banking association, as an LC Issuer and as the Agent, Bank of
America, N.A., as syndication agent and as an LC Issuer (the “Syndication Agent”), RBS Citizens, N.A., as documentation agent (the “Documentation Agent”) and Key Bank National Association, PNC Bank, N.A., Regions
Bank, TD Bank, N.A. and Wells Fargo Capital Finance, as senior managing agents (each, a “Senior Managing Agent”). 
 RECITALS 
 WHEREAS, pursuant to that certain Amended and Restated Credit
Agreement, dated as of July 2, 2009 (as amended prior to the date hereof, the “Existing Credit Agreement”), among Petro, the lenders party thereto (the “Existing Lenders”), the other Loan Parties, JPMorgan
Chase Bank, N.A., a national banking association, as an issuer of certain letters of credit and as the administrative agent, Bank of America, N.A., as syndication agent and an issuer of certain letters of credit, RBS Citizens, N.A., as documentation
agent, and Société Générale and PNC Bank, National Association, as senior managing agents, the Existing Lenders made available to the Borrower loans and other extensions of credit in an aggregate amount not to exceed
$290,000,000; 
 WHEREAS, the Borrower has requested that the Existing Credit Agreement be amended and restated in order to
provide for extensions of credit in an aggregate amount not to exceed $300,000,000 (subject to the Borrower’s right pursuant to Section 2.16 hereof to request an increase in the Aggregate Commitment by up to $100,000,000 (not to
exceed a total of up to $400,000,000)), which extensions of credit will be used by the Borrower for the purposes set forth in Section 6.2; 
 WHEREAS, the Obligations of the Borrower under the Loan Documents to the Agent and the Lenders will continue to be guaranteed by the Guarantors as set forth in the Guaranty; and 

WHEREAS, the Borrower and the other Loan Parties will continue to secure all of their Obligations under the Loan Documents pursuant to
the security interests in and liens upon the Collateral as set forth in the Collateral Documents; 
 NOW THEREFORE, in
consideration of these premises and the terms and conditions set forth in this Agreement, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto hereby agree that the Existing Credit Agreement
is hereby amended and restated as of the Effective Date to read in its entirety as follows: 
 ARTICLE I 

DEFINITIONS 
 1.1. Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “2010 Parent Indenture” means the Indenture, among the Parent, Star Gas Finance Company and Union Bank, N.A., as trustee, dated as of November 16, 2010, as amended, supplemented or
otherwise modified from time to time. 

  
 1 

 “2010 Parent Notes” means the 8.875% Senior Notes due 2017 issued pursuant
to the 2010 Parent Indenture. 
 “Account” shall have the meaning given to such term in the Security Agreement.

 “Account Debtor” means any Person obligated on an Account. 

“Acquisition” means any transaction, or any series of related transactions, consummated after the Effective Date, by
which any Loan Party (a) acquires any going business or all or substantially all of the assets of any Person, whether through purchase of assets, merger or otherwise or (b) directly or indirectly acquires (in one transaction or as the most
recent transaction in a series of transactions) at least a majority (in number of votes) of the Capital Stock of a Person which has ordinary voting power for the election of directors or other similar management personnel of a Person (other than
Capital Stock having such power only by reason of the happening of a contingency) or a majority of the outstanding Capital Stock of a Person. 
 “Advance” means a borrowing hereunder, (a) made by some or all of the Lenders on the same Borrowing Date, or (b) converted or continued by the Lenders on the same date of
conversion or continuation, and consisting, in either case, of the aggregate amount of the several Loans of the same Type and, in the case of Eurodollar Loans, for the same Interest Period. The term Advance shall include Non-Ratable Loans, Swingline
Loans, Overadvances and Protective Advances unless otherwise expressly provided.  
 “Affected Lender”
is defined in Section 3.7. 
 “Affiliate” of any Person means any other Person directly or
indirectly controlling, controlled by or under common control with such Person. A Person shall be deemed to control another Person if the controlling Person owns 10% or more of any class of the voting Capital Stock of the controlled Person or
possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of the controlled Person, whether through ownership of Capital Stock, by contract or otherwise. 

“Agent” means Chase in its capacity as contractual representative of the Lenders pursuant to Article X, and not
in its individual capacity as a Lender, and any successor Agent appointed pursuant to Article X. 
 “Aggregate
Commitment” means the aggregate of the Commitments of all of the Lenders, as reduced from time to time pursuant to the terms hereof, which Aggregate Commitment shall be in the amount of $300,000,000; provided that, for all purposes
of this Agreement (other than the definition of Available Commitment), the Aggregate Commitment shall be deemed to be the Non-Seasonal Availability Amount for each day other than any day during a Seasonal Availability Period. 

  
 2 

 “Aggregate Credit Exposure” means, at any time, the aggregate of the Credit
Exposure of all the Lenders. 
 “Agreement” means this Amended and Restated Credit Agreement, as it may be
amended or modified and in effect from time to time. 
 “Alternate Base Rate” or “ABR” means,
for any day, a rate of interest per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 0.50% and (c) the Eurodollar Rate (excluding the Applicable
Margin) for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided that, for the avoidance of doubt, the Eurodollar Rate for any day shall be based on the rate
appearing on the Reuters Screen LIBOR01 Page (or on any successor or substitute page) at approximately 11:00 a.m. London time on such day (without any rounding). Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal
Funds Effective Rate or the Eurodollar Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Eurodollar Rate, respectively. 

“Applicable Fee Rate” means 0.375% per annum; provided that the Applicable Fee Rate on the amount by which
the Aggregate Commitment exceeds the Non-Seasonal Availability Amount shall be, solely with respect to each day other than any day during a Seasonal Availability Period, 0.20% per annum. 

“Applicable Margin” means, (i) with respect to Floating Rate Advances, 1.00% per annum and (ii) with
respect to Eurodollar Advances, 2.00% per annum; provided that as of the end of the Fiscal Quarter ending two full Fiscal Quarters after the Effective Date and thereafter, the Applicable Margin will be determined as of the end of each
Fiscal Quarter of the Borrower based upon the Applicable Margin Availability for such Fiscal Quarter as set forth in the pricing grid below: 
  

					
	 Applicable Margin Availability
	  	 Eurodollar Advances
	  	 Floating Rate Advances

	 3 $150,000,000
	  	1.75%	  	0.75%
			
	 > $75,000,000 but < 150,000,000
	  	2.00%	  	1.00%
			
	 £ $75,000,000
	  	2.25%	  	1.25%

 Changes in the
Applicable Margin resulting from changes in Applicable Margin Availability shall become effective on the first day of the next succeeding quarter and shall remain in effect until the next change to be effected pursuant to this paragraph. In the
event that the Borrower shall fail to deliver the Borrowing Base Certificate with respect to any fiscal quarter, the Applicable Margin shall, from the date such Borrowing Base Certificate was required to be delivered until the date on which it is
delivered, be determined by reference to the lowest Applicable Margin Availability in the foregoing grid. 

  
 3 

 “Applicable Margin Availability” means, at any date, (a) the sum of
the Availability (which shall be deemed to include Suppressed Availability for the purpose of calculating Availability pursuant to this definition) on the last day of each of the twelve preceding Fiscal Months (or if fewer than twelve Fiscal Months
have elapsed since the Effective Date, the number of Fiscal Months that have actually elapsed since the Effective Date) ending on such date divided by (b) twelve (or such lesser number of Fiscal Months that have actually elapsed since the
Effective Date). 
 “Applicable Mortgages” means any Mortgage with respect to which mortgage recording taxes,
documentary stamp taxes, intangible taxes and other similar taxes are payable in connection with each Credit Extension (assuming that no Credit Extensions were then outstanding). 

“Applicable Mortgage Minimum Amount” means, at any time, the sum of the limits on the maximum amount of the Obligations
secured under all Applicable Mortgages at such time. 
 “Approved Fund” means any Fund 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. 
 “Arrangers” means (i) J.P. Morgan Securities LLC and its successors, (ii) Merrill Lynch, Pierce, Fenner & Smith Incorporated and its successors and (iii) RBS
Citizens, N.A., each in their capacity as Joint Lead Arrangers and Joint Book Runners. 
 “Article” means an
article of this Agreement unless another document is specifically referenced. 
 “Assignment Agreement” is
defined in Section 12.3(a). 
 “Authorized Officer” means any of the chief executive officer, chief
financial officer, vice president - controller or treasurer of a Loan Party, acting singly. 
 “Availability”
means, at any time, an amount equal to (x) the lesser of (a) the Aggregate Commitment and (b) the Borrowing Base minus (y) the Aggregate Credit Exposure; provided that the Aggregate Credit Exposure shall not
exceed, until the 2010 Parent Notes are discharged or defeased in accordance with Section 8.1 of the 2010 Parent Indenture, the amount permitted under and calculated in accordance with the definition of “Borrowing Base” in the 2010
Parent Indenture. 
 “Available Commitment” means, at any time, the Aggregate Commitment then in effect
minus the Aggregate Credit Exposure at such time; provided that, for purposes of Section 2.10(a), the aggregate amount of Swingline Loans outstanding shall be deemed to be zero. 

“Banking Services” means each and any of the following bank services provided to any Loan Party by any Lender or any of
its Affiliates: (a) commercial credit cards, (b) stored value 

  
 4 

 
cards and (c) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts and interstate depository
network services). 
 “Bankruptcy Code” means Title 11 of the U.S. Code (11 U.S.C. § 101 et
seq.) as amended, reformed, or otherwise modified from time to time, and any rule or regulation issued thereunder. 

“Board” means the Board of Governors of the Federal Reserve System of the United States of America. 

“Borrower” has the meaning specified in the preamble hereto. 

“Borrower Representative” means PHI, in its capacity as contractual representative of the Borrower pursuant to
Article XVII. 
 “Borrowing Base” means, at any time, the sum, without duplication, of: 

(a) (i) for the months of May through November in each Fiscal Year, 85% of Eligible Accounts Receivable or (ii) for the months
of December through April in each Fiscal Year subject to trailing dilution of not more than 3%, 90% of Eligible Accounts Receivable, plus  
 (b) (i) for the months of May through November in each Fiscal Year, 80% of Eligible Heating Oil and Other Fuel Inventory or (ii) for the months of December through April in each Fiscal Year, 85%
of Eligible Heating Oil and Other Fuel Inventory, plus 
 (c) the lesser of (i) $5,000,000 and (ii) 40%
of Eligible Other Inventory, plus 
 (d) the lesser of 

(i) $50,000,000 and 
 (ii) the sum of 
 (A) 75% of the Mortgage Value of Eligible Real Property, which
amount shall be reduced by estimated environmental liabilities determined by the Agent in its Permitted 
 Discretion on a
property-by-property basis (it being understood that the value calculated in this clause (A) for any individual property shall never be less than zero), 
 (B) 75% of the Net Orderly Liquidation Value of Eligible Vehicles, 
 (C) 75% of the
Net Orderly Liquidation Value of Eligible Machinery and Equipment, and 
 (D) 50% of the aggregate of the Customer Lists Value,

 plus 

  
 5 

 (e) 100% of cash and Cash Equivalent Investments held in deposit accounts located at, and
subject to control agreements in favor of, the Agent, minus 
 (f) Reserves; 

provided that (I) the amount described in clause (d)(i) above shall be automatically reduced on a dollar-for-dollar basis by the Borrowing
Base Reduction Amount, (II) Customer Lists shall be reappraised on an annual basis in accordance with Section 6.11 and (III) except for (x) assets acquired in a Permitted Acquisition consummated pursuant to Sections 2.15(b)(ii) or
(d), (y) Inventory and (z) Accounts, any assets acquired in connection with any Permitted Acquisition shall not be included in the determination of the Borrowing Base. The Borrowing Base shall be determined based on
the most recent Borrowing Base Certificate delivered by the Borrower. 
 “Borrowing Base Certificate” means a
certificate, signed by an Authorized Officer of the Borrower Representative, in the form of Exhibit H or another form which is acceptable to the Agent in its Permitted Discretion. Each Borrowing Base Certificate shall set forth, among other
things, a calculation of (a) the Borrowing Base and (b) the “Borrowing Base” as defined in the 2010 Parent Indenture. 
 “Borrowing Base Reduction Amount” means an amount equal to the sum of (a) all Net Cash Proceeds of asset dispositions received by any Loan Party plus (b) all insurance or
condemnation proceeds received by any Loan Party; provided that (x) such Net Cash Proceeds or insurance or condemnation proceeds shall be disregarded in determining the Borrowing Base Reduction Amount to the extent they are deposited in
a deposit account located at, and subject to control agreements in favor of, the Agent pursuant to Section 2.15(b) or (d), as applicable, (y) such Net Cash Proceeds or insurance or condemnation proceeds shall be disregarded
in determining the Borrowing Base Reduction Amount to the extent that within twelve months of the receipt thereof they are reinvested pursuant to Section 2.15(b) or (d), as applicable, in replacement assets of like value (as
determined in a manner satisfactory to the Agent in its Permitted Discretion), and (z) in determining the Borrowing Base Reduction Amount, the amount allocated to any asset that is disposed of or that is the subject of any insurance or
condemnation proceeds so received shall be equal to the amount originally allocated to such asset for purposes of determining the Borrowing Base (as determined by the Agent in its Permitted Discretion). 

“Borrowing Date” means a date on which an Advance or a Loan is made hereunder. 

“Borrowing Notice” is defined in Section 2.1.1(b). 

“Business Day” means (a) with respect to any borrowing, payment or rate selection of Eurodollar Advances, a day
(other than a Saturday or Sunday) on which banks generally are open in Chicago and New York City for the conduct of substantially all of their commercial lending activities, interbank wire transfers can be made on the Fedwire system and dealings in
U.S. dollars are carried on in the London interbank market and (b) for all other purposes, a day (other than a Saturday or Sunday) on which banks generally are open in Chicago for the conduct of substantially all of their commercial lending
activities and interbank wire transfers can be made on the Fedwire system. 

  
 6 

 “Capital Expenditures” means, for any period, without duplication,
any expenditure or commitment to expend money for any purchase or other acquisition of any asset which would be classified as a fixed or capital asset on a consolidated balance sheet of the Parent and its Subsidiaries prepared in accordance with
GAAP. 
 “Capital Stock” means any and all corporate stock, units, shares, partnership interests,
membership interests, equity interests, rights, securities, or other equivalent evidences of ownership (howsoever designated) issued by any Person. 
 “Capitalized Lease” of a Person means any lease of Property by such Person as lessee which would be capitalized on a balance sheet of such Person prepared in accordance with GAAP.

 “Capitalized Lease Obligations” of a Person means the aggregate amount of the obligations of such Person
under Capitalized Leases which would be shown as a liability on a balance sheet of such Person prepared in accordance with GAAP. 
 “Carry Over Amount” is defined in Section 6.27. 

“Cash Equivalent Investments” means (a) short-term obligations of, or fully guaranteed by, the U.S.,
(b) commercial paper rated A-1 or better by S&P or P-1 or better by Moody’s, (c) demand deposit accounts maintained in the ordinary course of business with any domestic office of any commercial bank organized under the laws of the
U.S. or any State thereof that has a combined capital and surplus and undivided profits of not less than $500,000,000, and (d) certificates of deposit issued by and time deposits with any domestic office of any commercial bank organized under
the laws of the U.S. or any State thereof that has a combined capital and surplus and undivided profits of not less than $500,000,000; provided that, in each case, the same provides for payment of both principal and interest (and not
principal alone or interest alone) and is not subject to any contingency regarding the payment of principal or interest. 

“Change” is defined in Section 3.2. 

“Change in Control” means the occurrence of any of the following events: (i) the partners or shareholders,
as the case may be, of the Borrower shall approve any plan or proposal for the liquidation or dissolution of the Borrower; (ii) the General Partner shall cease for any reason to be the sole general partner of the Parent; (iii) the Parent
ceases for any reason to beneficially own, directly or indirectly, 100% of all classes of Capital Stock of the Borrower; (iv) the Kestrel Group collectively shall cease for any reason to beneficially own Capital Stock having the voting power to
elect all of the directors or other governing board of the General Partner; or (v) a “Change of Control” (or any other defined term having a similar purpose) as defined in the 2010 Parent Indenture shall occur. 

“Chase” means JPMorgan Chase Bank, N.A., a national banking association, in its individual capacity, and its successors.

 “Code” means the Internal Revenue Code of 1986, as amended, reformed or otherwise modified from time to
time, and any rule or regulation issued thereunder. 

  
 7 

 “Collateral” means any and all Property covered by the Collateral Documents
and any and all other Property of any Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Agent, on behalf of itself and the Lenders, to secure the Secured
Obligations. 
 “Collateral Access Agreement” means any landlord waiver or other agreement, in form and
substance reasonably satisfactory to the Agent, between the Agent and any third party (including any bailee, consignee, customs broker, or other similar Person) in possession of any Collateral or any landlord of any Loan Party for any real Property
where any Collateral is located, as such landlord waiver or other agreement may be amended, restated, or otherwise modified from time to time. 
 “Collateral Documents” means, collectively, the Security Agreement, the Mortgages and any other documents granting a Lien upon the Collateral as security for payment of the Secured
Obligations. 
 “Collateral Shortfall Amount” is defined in Section 2.1.2(l). 

“Commitment” means, for each Lender, the obligation of such Lender to make Loans to the Borrower, and participate in
Facility LCs issued upon the application of the Borrower, in an aggregate amount not exceeding the amount set forth in Schedule I or as set forth in any Assignment Agreement that has become effective pursuant to Section 12.3(c),
as such amount may be modified from time to time pursuant to the terms hereof. 
 “Commodity Hedging Agreement”
means any agreement or arrangement designed solely to protect any Loan Party against fluctuations in the price of petroleum derivative products with respect to quantities of such products that such Loan Party reasonably expects to purchase from
suppliers, sell to their customers or need for their inventory during the period covered by such agreement or arrangement. 

“Commodities Inventory” means all inventory consisting of petroleum derivative products of, and held for sale by, the
Loan Parties. 
 “Compliance Certificate” is defined in Section 6.1(e). 

“Confidential Information Memorandum” means the Confidential Information Memorandum dated May 2011 and furnished to
certain Lenders. 
 “Consolidated Capital Expenditures” means, with reference to any period, the Capital
Expenditures of the Parent and its Subsidiaries calculated on a consolidated basis for such period. 
 “Consolidated
EBITDA” means Consolidated Net Income plus, to the extent deducted from revenues in determining Consolidated Net Income, (a) Consolidated Interest Expense, (b) expense for taxes paid or accrued,
(c) depreciation, (d) amortization and other non-cash charges (including any non-cash impact of Financial Standards Accounting Board Statements 87 and 133), (e) cash contributions to any Plan and (f) extraordinary non-cash losses
(as determined in accordance with GAAP) incurred other than in the ordinary course of business, minus, to the 

  
 8 

 
extent included in Consolidated Net Income, extraordinary gains (as determined in accordance with GAAP) realized other than in the ordinary course of business, all calculated for the Parent and
its Subsidiaries on a consolidated basis. For the purposes of calculating Consolidated EBITDA for any period (each, a “Reference Period”), (i) if at any time during such Reference Period, the Parent or any Subsidiaries shall
have made any Material Disposition, Consolidated EBITDA for such Reference Period shall be reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the property that is the subject of such Material Disposition for such
Reference Period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable thereto for such Reference Period and (ii) if during such Reference Period, the Parent or any Subsidiaries shall have made a Material
Acquisition, Consolidated EBITDA for such Reference Period shall be calculated after giving pro forma effect thereto as if such Material Acquisition occurred on the first day of such Reference Period. As used in this definition:
“Material Acquisition” means any Permitted Acquisition that involves the payment of consideration by the Parent and its Subsidiaries in excess of $500,000; “Material Disposition” means any sale, transfer or other disposition of
property or series of related sales, transfers or other dispositions of property that yields gross proceeds to the Parent and the Subsidiaries in excess of $500,000. 
 “Consolidated Fixed Charges” means, with reference to any period, without duplication, cash Consolidated Interest Expense, plus scheduled principal payments on Indebtedness
made during such period, plus dividends or distributions paid or made during such Period by the Parent, plus Capitalized Lease payments, plus cash contributions to any Plan (provided that no greater than $3,200,000
of such cash contributions in respect of any 2009 Plan year made during the 2010 Fiscal Year shall he included for purposes of this definition), all calculated for the Parent and its Subsidiaries on a consolidated basis. For the purposes of
calculating Consolidated Fixed Charges for any period (each, a “Reference Period”), (i) if at any time during such Reference Period, the Parent or any Subsidiaries shall have made any Material Disposition, Consolidated Fixed
Charges for such Reference Period shall be calculated after giving pro forma effect thereto as if such Material Disposition occurred on the first day of such Reference Period and (ii) if during such Reference Period, the Parent or
any Subsidiaries shall have made a Material Acquisition, Consolidated Fixed Charges for such Reference Period shall be calculated after giving pro forma effect thereto as if such Material Acquisition occurred on the first day of such
Reference Period. As used in this definition: “Material Acquisition” means any Permitted Acquisition that involves the payment of consideration by the Parent and its Subsidiaries in excess of $500,000; and “Material Disposition”
means any sale, transfer or other disposition of property or series of related sales, transfers or other dispositions of property that yields gross proceeds to the Parent and the Subsidiaries in excess of $500,000. 

“Consolidated Interest Expense” means, with reference to any period, the interest expense of the Parent and its
Subsidiaries calculated on a consolidated basis for such period. 
 “Consolidated Net Income” means, with
reference to any period, the net income (or loss) of the Parent and its Subsidiaries calculated on a consolidated basis for such period. 
 “Contingent Obligation” of a Person means any agreement, undertaking or arrangement by which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds
for the payment of, or otherwise becomes or is contingently liable upon, the obligation or 

  
 9 

 
liability of any other Person, or agrees to maintain the net worth or working capital or other financial condition of any other Person, or otherwise assures any creditor of such other Person
against loss, including, without limitation, any comfort letter, operating agreement, take-or-pay contract or the obligations of any such Person as general partner of a partnership with respect to the liabilities of the partnership. 

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

“Conversion/Continuation Notice” is defined in Section 2.7. 

“Copyrights” shall have the meaning given to such term in the Security Agreement. 

“Credit Exposure” means, as to any Lender at any time, the sum of (a) the aggregate principal amount of its
Revolving Loans outstanding at such time, plus (b) an amount equal to all accrued interest, fees and other charges under this Agreement then owing to it, plus (c) an amount equal to its Pro Rata Share of the LC
Obligations at such time, plus (d) an amount equal to its Pro Rata Share of the aggregate principal amount of Non-Ratable Loans, Swingline Loans, Overadvances and Protective Advances outstanding at such time. 

“Credit Extension” means the making of an Advance or the issuance of a Facility LC hereunder. 

“Credit Extension Date” means the Borrowing Date for an Advance or the issuance date for a Facility LC. 

“Customer Lists” means a list of the Borrower’s customers, specifying each customer’s name, mailing address
and phone number. 
 “Customer Lists Value” means, at the election of the Agent exercising its Permitted
Discretion, either (a) the value of the Customer Lists as determined in a manner acceptable to the Agent (in its Permitted Discretion) by an appraiser reasonably acceptable to the Agent or (b) the value of (i) the distressed net
orderly enterprise valuation (as determined by the Agent in its Permitted Discretion) of the non-working capital assets of the Loan Parties less (ii) the fair market value of Eligible Real Property less (iii) the Orderly Liquidation Value
of Eligible Vehicles less (iv) the Orderly Liquidation Value of Eligible Machinery and Equipment. 

“Default” means an event described in Article VII. 

“Defaulting Lender” means any Lender, as determined by the Agent in its Permitted Discretion, that has (a) failed
to fund any portion of its Loans or participations in Letters of Credit within three Business Days of the date required to be funded by it hereunder, unless such funding obligations are subject to a good faith dispute between the Borrower and such
Lender, (b) notified the Borrower, the Agent, the LC Issuer or any Lender in writing that it does not intend to comply with any of its funding obligations under this Agreement or has made a public statement to the effect that it does not intend
to comply with its funding obligations under this 

  
 10 

 
Agreement or under other agreements in which it commits to extend credit (it being understood that a Lender shall not be deemed a Defaulting Lender hereunder if its stated
intention not to fund is based upon another party’s failure to fulfill its obligations under the applicable agreement), in each case unless such funding obligations are subject to a good faith dispute between the Borrower and such Lender,
(c) failed, within three Business Days after request by the Agent, to confirm that it will comply with the terms of this Agreement relating to its obligations to fund prospective Loans and participations in then outstanding Letters of Credit,
unless such funding obligations are subject to a good faith dispute between the Borrower and such Lender, (d) otherwise failed to pay over to the Agent or any other Lender any other amount required to be paid by it hereunder within three
Business Days of the date when due, unless the subject of a good faith dispute, or (e) (i) become or is insolvent or has a parent company that has become or is insolvent or (ii) become the subject of a bankruptcy or insolvency
proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or has a parent company
that has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in
any such proceeding or appointment. 
 “Deposit Account Control Agreement” means an agreement, in form and
substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit
account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof. 
 “Document” shall have the meaning given to such term in the Security Agreement. 
 “Documentation Agent” has the meaning specified in the preamble hereto. 
 “Domestic Subsidiary” means any Subsidiary which is organized under the laws of the U.S. or any state of the U.S. 
 “Effective Date” means the date that the conditions precedent set forth in Article IV are satisfied. 
 “Eligibility Definition” means any of the following terms, as defined herein: “Eligible Accounts Receivable”, “Eligible Heating Oil and Other Fuel Inventory”,
“Eligible Machinery and Equipment”, “Eligible Other Inventory”, “Eligible Real Property” and “Eligible Vehicles”. 
 “Eligible Accounts Receivable” means, at any time, the Accounts of a Loan Party which the Agent determines in its Permitted Discretion are eligible as the basis for Credit Extensions
hereunder. Without limiting the Agent’s discretion provided herein, Eligible Accounts Receivable shall not include any Account: 
 (a) which is not subject to a first priority perfected security interest in favor of the Agent; 

  
 11 

 (b) which is subject to any Lien other than (i) a Lien in favor of the
Agent and (ii) a Permitted Lien which does not have priority over the Lien in favor of the Agent; 
 (c)
with respect to which more than 90 days have elapsed since the date of the original invoice therefor or which is more than 60 days past the due date for payment; provided that an installment Account that does not otherwise meet the terms of
this clause (c) shall nevertheless constitute an Eligible Account Receivable so long as (i) with respect to any particular payment installment of such installment Account, not more than 90 days have elapsed since the date on which the
original bill for such particular payment installment was mailed, (ii) no particular payment installment of such installment Account is more than 60 days past the due date for payment and (iii) the aggregate of all such installment
Accounts does not exceed $25,000,000; 
 (d) which is owing by an Account Debtor for which more than 50% of the
Accounts owing from such Account Debtor and its Affiliates are ineligible hereunder; 
 (e) which is owing by an
Account Debtor to the extent the aggregate amount of Accounts owing from such Account Debtor and its Affiliates to all Loan Parties exceeds 2% of the aggregate amount of Eligible Accounts Receivable of all Loan Parties; 

(f) with respect to which any covenant, representation, or warranty contained in this Agreement or in the Security
Agreement has been breached or is not true; 
 (g) which (i) does not arise from the sale of goods or
performance of services in the ordinary course of business, (ii) is not evidenced by an invoice or other documentation satisfactory to the Agent (in its Permitted Discretion) which has been sent or otherwise delivered to the Account Debtor,
(iii) represents a progress billing, (iv) is contingent upon such Loan Party’s completion of any further performance, or (v) represents a sale on a bill-and-hold, guaranteed sale, sale-and-return, sale on approval, consignment,
cash-on-delivery or any other repurchase or return basis; 
 (h) for which the goods giving rise to such Account
have not been shipped to the Account Debtor or for which the services giving rise to such Account have not been performed by such Loan Party; 
 (i) with respect to which any check or other instrument of payment has been returned uncollected for any reason; 
 (j) which is owed by an Account Debtor which has (i) applied for, suffered, or consented to the appointment of any receiver, custodian, trustee, or liquidator of its assets, (ii) has had
possession of all or a material part of its property taken by any receiver, custodian, trustee or liquidator, (iii) filed, or had filed against it, any request or petition for liquidation, reorganization, arrangement, adjustment of debts,
adjudication as bankrupt, winding-up, or voluntary or involuntary case under any state or federal bankruptcy laws, (iv) has admitted in writing its inability, or is generally unable to, pay its debts as they become due, (v) become
insolvent, or (vi) ceased operation of its business; 

  
 12 

 (k) which is owed by any Account Debtor which has sold all or a
substantially all of its assets; 
 (l) which is owed by an Account Debtor which (i) does not maintain its
chief executive office in the U.S. or Canada (other than the Province of Newfoundland) or (ii) is not organized under applicable law of the U.S., any state of the U.S., Canada, or any province of Canada (other than the Province of Newfoundland)
unless, in either case, such Account is backed by a Letter of Credit acceptable to the Agent in its Permitted Discretion which is in the possession of the Agent; 

(m) which is owed in any currency other than U.S. dollars; 

(n) which is owed by (i) the government (or any department, agency, public corporation, or instrumentality thereof)
of any country other than the U.S. unless such Account is backed by a Letter of Credit acceptable to the Agent (in its Permitted Discretion) which is in the possession of the Agent, or (ii) the government of the U.S., or any department, agency,
public corporation, or instrumentality thereof, unless the Federal Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq. and 41 U.S.C. § 15 et seq.), and any other steps necessary to perfect the
Lien of the Agent in such Account have been complied with to the Agent’s satisfaction in its Permitted Discretion; 
 (o) which is owed by any Affiliate, director or executive officer of any Loan Party; 
 (p) which, when added to all other Accounts owing to the Loan Parties by the applicable Account Debtor or any of its Affiliates, does not exceed in face amount (i) in the case of commercial Account
Debtors, 2.0% of the total Eligible Accounts Receivable and (ii) in the case of residential Account Debtors, 1.0% of the total Eligible Accounts Receivable; 

(q) which is owed by an Account Debtor or any Affiliate of such Account Debtor to which any Loan Party is indebted, but
only to the extent of such indebtedness; 
 (r) which is subject to any counterclaim, deduction, defense, setoff
or dispute but only to the extent of any such counterclaim, deduction, defense, setoff or dispute; 
 (s) which
is evidenced by any promissory note, chattel paper, or instrument; 
 (t) which is owed by an Account Debtor
located in any jurisdiction which requires filing of a “Notice of Business Activities Report” or other similar report in order to permit such Loan Party to seek judicial enforcement in such jurisdiction of payment of such Account, unless
such Loan Party has filed such report or qualified to do business in such jurisdiction; 
 (u) with respect to
which such Loan Party has made any agreement with the Account Debtor for any reduction thereof, other than discounts and adjustments given in the ordinary course of business; or 

  
 13 

 (v) which the Agent determines (in its Permitted Discretion) may not be paid
by reason of the Account Debtor’s inability to pay or which the Agent otherwise determines (in its Permitted Discretion) is unacceptable for any reason whatsoever. 
 “Eligible Carrier” means each of the carriers and pipeline companies listed on Schedule 1.1B or otherwise approved from time to time by the Agent in its Permitted Discretion.

 “Eligible Heating Oil and Other Fuel Inventory” means, at any time, the Inventory of a Loan Party consisting
of propane, home heating oil, diesel fuel and other petroleum derivative products, but excluding natural gas, which the Agent determines in its Permitted Discretion is eligible as the basis for Credit Extensions hereunder and as to which all of the
following requirements have been fulfilled to the reasonable satisfaction of the Agent: 
 (a) such Inventory is
owned by such Loan Party, is subject to a first priority perfected Lien in favor of the Agent, and is subject to no other Lien whatsoever other than a Permitted Lien which does not have priority over the Lien in favor of the Agent; 

(b) such Inventory is not held on consignment; 

(c) such Inventory is of customary quality and meets all standards applicable to such Inventory, its use or sale imposed
by any Governmental Authority having regulatory authority over such matters; 
 (d) such Inventory is of a type
sold in the ordinary course of the business of such Loan Party; 
 (e) such Inventory is located within the
United States (i) in the Buckeye or Colonial pipeline systems, (ii) in commercial storage facilities; (iii) at one of the locations listed in Exhibit A to the Security Agreement; or (iv) in transit to a location described in the
foregoing clause (i), (ii) or (iii) with an Eligible Carrier; 
 (f) such Inventory does not constitute
goods in transit unless it is in transit with an Eligible Carrier; 
 (g) such Inventory is stored in storage
facilities of such Loan Party or in commercial storage facilities and if located in a warehouse or other facility leased by such Loan Party, the lessor has delivered to the Agent a waiver, consent and agreement in form and substance satisfactory to
the Agent (in its Permitted Discretion) or a Reserve for rent, charges, and other amounts due or to become due with respect to such warehouse or facility has been established by the Agent in its Permitted Discretion; provided that any such
Inventory stored in any particular commercial storage facility or warehouse does not in the aggregate exceed 15% of the total Eligible Heating Oil and Other Fuel Inventory; 

(h) such Inventory has not been delivered to a customer of such Loan Party (regardless of whether such delivery is on a
consignment basis) and has not been returned by any customer; and 

  
 14 

 (i) in the case of any Inventory consisting of any petroleum derivative
products other than home heating oil, such Inventory does not exceed 10% of the total Eligible Heating Oil and Other Fuel Inventory. 
 “Eligible Machinery and Equipment” means, at any time, the Machinery and Equipment (other than Vehicles and items included in the definition of Eligible Other Inventory) of a Loan Party
then used or useful in such Loan Party’s business, which the Agent determines in its Permitted Discretion is eligible as the basis for Credit Extensions hereunder and as to which all of the following requirements have been fulfilled to the
reasonable satisfaction of the Agent: 
 (a) such Machinery and Equipment (i) is owned by such Loan Party,
(ii) is subject to a first priority perfected Lien in favor of the Agent and (iii) is subject to no other Lien whatsoever other than a Permitted Lien which does not have priority over the Lien in favor of the Agent; 

(b) the full purchase price for such Machinery and Equipment has been paid by such Loan Party; 

(c) such Machinery and Equipment is located on premises (i) owned by such Loan Party, which premises are subject to a
first priority perfected Lien in favor of the Agent and to no other Lien whatsoever other than a Permitted Lien which does not have priority over the Lien in favor of the Agent or (ii) leased by such Loan Party with respect to which the Agent
has received waiver, consent and agreement in form and substance satisfactory to the Agent; 
 (d) such Machinery
and Equipment is in reasonable repair and working order and is used or held for use by such Loan Party in the ordinary course of business of such Loan Party; 
 (e) such Machinery and Equipment is not subject to any agreement which materially restricts the ability of the Loan Parties to use, sell, transport or dispose of such Machinery and Equipment or which
materially restricts the Agent’s ability to take possession of, sell or otherwise dispose of such Machinery and Equipment; and 
 (f) such Machinery and Equipment does not constitute “fixtures” under the applicable laws of the jurisdiction in which such Machinery and Equipment is located; 

provided, however, that with respect to any item of Machinery or Equipment which is subject to a Permitted Lien and which
satisfies each of the eligibility criteria set forth above, only that portion of such item which is in excess of the amount secured by such Permitted Lien shall be deemed to constitute Eligible Machinery and Equipment. 

“Eligible Other Inventory” means, at any time, the Inventory of a Loan Party consisting of furnaces, boilers and other
heating components and replacement parts, air conditioner and air conditioning components, water purifying equipment and parts, and other related equipment and parts held for resale in the ordinary course of business, but excluding Eligible Heating
Oil and Other Fuel Inventory, which the Agent determines in its Permitted Discretion is eligible as the basis for Credit Extensions hereunder. Without limiting the Agent’s discretion provided herein, Eligible Other Inventory shall not include
any Inventory: 
 (a) which is not subject to a first priority perfected Lien in favor of the Agent; 

  
 15 

 (b) which is subject to any Lien other than (i) a Lien in favor of the
Agent and (ii) a Permitted Lien which does not have priority over the Lien in favor of the Agent; 
 (c)
which is, in the Agent’s Permitted Discretion, slow moving, obsolete, unmerchantable, defective, unfit for sale, not salable at prices approximating at least the cost of such Inventory in the ordinary course of business or unacceptable due to
age, type, category and/or quantity; 
 (d) with respect to which any covenant, representation, or warranty
contained in this Agreement or the Security Agreement has been breached or is not true; 
 (e) which does not
conform to all standards imposed by any Governmental Authority; 
 (f) which is not located in the U.S. or is in
transit with a common carrier from vendors and suppliers; 
 (g) which is located in any location leased
by such Loan Party unless (i) the lessor has delivered to the Agent a Collateral Access Agreement or (ii) a Reserve for rent, charges, and other amounts due or to become due with respect to such facility has been established by the Agent
in its Permitted Discretion; 
 (h) which is located in any third party warehouse or is in the possession of a
bailee and is not evidenced by a Document, unless (i) such warehouseman or bailee has delivered to the Agent a Collateral Access Agreement and such other documentation as the Agent may require or (ii) an appropriate Reserve has been
established by the Agent in its Permitted Discretion; 
 (i) which is the subject of a consignment by such Loan
Party as consignor; 
 (j) which is perishable; 

(k) which contains or bears any Intellectual Property Rights licensed to such Loan Party unless the Agent is satisfied in
its Permitted Discretion that it may sell or otherwise dispose of such Inventory without (i) infringing the rights of such licensor, (ii) violating any contract with such licensor, or (iii) incurring any liability with respect to
payment of royalties other than royalties incurred pursuant to sale of such Inventory under the current licensing agreement; 
 (l) which is not reflected in a current inventory report of such Loan Party; or 
 (m) which the Agent otherwise determines in its Permitted Discretion is unacceptable for any reason whatsoever. 

  
 16 

 provided, however, that with respect to any item of Equipment which is
subject to a Permitted Lien and which satisfies each of the eligibility criteria set forth above, only that portion of such item which is in excess of the amount secured by such Permitted Lien shall be deemed to constitute Eligible Other Inventory.

 “Eligible Real Property” means, at any time, any parcel of Material Real Property of any Loan Party as to
which each of the following conditions has been satisfied at such time: 
 (a) (i) a Lien on such parcel of
Material Real Property shall have been granted by a Loan Party in favor of the Agent pursuant to a Mortgage, (ii) such Mortgage shall be in full force and effect in favor of the Agent at such time, (iii) such Mortgage shall have been
recorded in the appropriate jurisdiction or jurisdictions to perfect the Lien granted pursuant to such Mortgage and (iv) all applicable mortgage recording taxes shall have been paid, provided that such Mortgage need not have been so
recorded (and any such mortgage recording taxes need not have been so paid) if an effective title insurance policy (naming the Agent as the insured thereunder) shall have been issued that otherwise complies with the requirements of clause
(c) (i) or (ii) of this definition and that provides “gap” coverage insuring against any exceptions that may arise prior to the actual recording of such Mortgage (and the payment of any such recording taxes); 

(b) the Agent and the title insurance company issuing the policy referred to in clause (c) of this definition shall
have received maps or plats of an as-built survey of the sites of the Material Real Property covered by such Mortgage certified to the Agent and such title insurance company in a manner reasonably satisfactory to them, dated a date reasonably
satisfactory to the Agent and such title insurance company, by an independent professional licensed land surveyor reasonably satisfactory to the Agent and such title insurance company, which maps or plats and the surveys on which they are based
shall be made in accordance with the Minimum Standard Detail Requirements for Land Title Surveys jointly established and adopted by the American Land Title Association and the American Congress on Surveying and Mapping in 1992, and, without limiting
the generality of the foregoing, there shall be surveyed and shown on such maps, plats or surveys the following: (A) the locations on such sites of all the buildings, structures and other improvements and the established building setback lines
(where setback information is readily obtainable); (B) the lines of streets abutting such sites and the width thereof; (C) all access and other easements appurtenant to such sites or necessary to use such sites; (D) all roadways,
paths, driveways, easements, encroachments and overhanging projections and similar encumbrances affecting such sites, whether recorded, apparent from a physical inspection of such sites or otherwise known to the surveyor; (E) any encroachments
on any adjoining property by the building structures and improvements on such sites; and (F) if such sites are described as being on a filed map, a legend or other information relating the survey to said map; 

(c) the Agent shall have received in respect of such parcel of Material Real Property (i) a mortgagee’s title
policy (or policies) or marked-up unconditional binder (or binders) for such insurance dated a date reasonably satisfactory to the Agent. Each such policy shall (A) be in an amount not less than the Mortgage Value (as of the date such parcel of
Material Real Property becomes a parcel of Eligible Real Property) of such 

  
 17 

 
parcel of Material Real Property, (B) be issued at ordinary rates, (C) insure that the Mortgage insured thereby creates a valid first Lien on such parcel of Material Real Property free
and clear of all defects and encumbrances, except such as may be approved by the Agent (in its Permitted Discretion) and Permitted Mortgage Liens, (D) name the Agent for the benefit of the Lenders as the insured thereunder, (E) be in the
form of ALTA Loan Policy - 1992 (or such local equivalent thereof as is reasonably satisfactory to the Agent), (F) contain a comprehensive lender’s endorsement and such other endorsements as may be reasonably requested by the Agent and
(G) be issued by Chicago Title Insurance Company, First American Title Insurance Company, Lawyers Title Insurance Corporation or any other title company reasonably satisfactory to the Agent (including any such title companies acting as
co-insurers or reinsurers) or (ii) in the case of any such parcel of Material Real Property subject to a Mortgage pursuant to the Existing Credit Agreement as of the Effective Date, a date-down endorsement to the mortgagee’s title policy
issued by the title company that issued the title policy covering such Existing Mortgage in connection with the Existing Credit Agreement, which endorsement shall update the effective date of such existing title insurance policy and amend the
description of the insured Existing Mortgage to include the amendment to such Existing Mortgage. The Agent shall have received (x) evidence satisfactory to it (in its Permitted Discretion) that all premiums in respect of each such policy or
endorsement, as the case may be, have been paid and (y) a copy of all documents referred to, or listed as exceptions to title, in such title policy (or policies); 

(d) the Agent shall have received a Final Appraisal with respect to such parcel of Material Real Property; 

(e) with respect to any such parcel of Material Real Property upon which a Mortgage is granted, a summary Phase I
environmental report with respect to such parcel of Material Real Property, dated a date satisfactory to the Agent in its Permitted Discretion and in form and substance reasonably satisfactory to the Agent shall have been delivered to the Agent,
accompanied by a reliance letter in favor of the Agent and the Lenders in form and substance reasonably satisfactory to the Agent; and 
 (f) if such parcel of Material Real Property is subject to a ground lease in favor of any Loan Party as lessee, no consent shall be required under such ground lease to mortgage or foreclose upon such
parcel of Material Real Property (or such consent shall have been obtained). 
 “Eligible Vehicles” means, at
any time, the Equipment of a Loan Party consisting of trucks, vans and other vehicles used to transport home heating oil, diesel fuel and other petroleum derivative products and other Inventory (other than propane and natural gas), or are used
primarily in connection with the provisions of service to customers, which the Agent determines in its Permitted Discretion is eligible as the basis for Credit Extensions hereunder and as to which all of the following requirements have been
fulfilled to the reasonable satisfaction of the Agent: 
 (a) such Equipment (i) is owned by such Loan
Party, (ii) is subject to a first priority perfected Lien in favor of the Agent and (iii) is subject to no other Lien whatsoever other than a Permitted Lien which does not have priority over the Lien in favor of the Agent; 

  
 18 

 (b) the full purchase price for such Equipment has been paid by such Loan
Party; 
 (c) such Equipment is located on premises (i) owned by such Loan Party, which premises are subject
to a first priority perfected Lien in favor of the Agent and to no other Lien whatsoever other than a Permitted Lien which does not have priority over the Lien in favor of the Agent, (ii) leased by such Loan Party with respect to which the
Agent has received waiver, consent and agreement in form and substance satisfactory to the Agent, or (iii) is both (A) currently being tracked by the Borrower pursuant to a GPS or other similar system and (B) “at or in transit
to” a Borrower location, the home of the driver of such Equipment or other location pursuant to a legitimate business purpose; 
 (d) such Equipment is in reasonable repair and working order and is used or held for use by such Loan Party in the ordinary course of business of such Loan Party; 

(e) such Equipment is not subject to any agreement which materially restricts the ability of the Loan Parties to use,
sell, transport or dispose of such Equipment or which materially restricts the Agent’s ability to take possession of, sell or otherwise dispose of such Equipment; and 

(f) such Equipment does not constitute “fixtures” under the applicable laws of the jurisdiction in which such
Equipment is located; 
 provided, however, that with respect to any item of Equipment which is subject to a
Permitted Lien and which satisfies each of the eligibility criteria set forth above, only that portion of such item which is in excess of the amount secured by such Permitted Lien shall be deemed to constitute Eligible Vehicles. 

“Environmental Laws” means any and all federal, state, local and foreign statutes, laws, including without limitation
common laws, judicial decisions, regulations, ordinances, rules, judgments, orders, decrees, plans, injunctions, permits, concessions, grants, franchises, licenses, agreements and other governmental restrictions relating to (a) the protection
of the environment, (b) the effect of the environment on human health, (c) emissions, discharges or releases of Materials of Environmental Concern into the environment, or (d) the manufacture, processing, distribution, use, treatment,
storage, disposal, transport or handling of Materials of Environmental Concern or the clean-up or other remediation thereof. 

“Equipment” has the meaning specified in the Security Agreement. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any rule or
regulation issued thereunder. 

  
 19 

 “ERISA Event” means (a) a Reportable Event with respect to any Plan,
(b) a determination that any Plan is, or is expected to be, in “at risk” status (within the meaning of Section 430 of the Code or Title IV of ERISA), (c) the taking of any steps to terminate any Plan, (d) the withdrawal
by any Loan Party or any Controlled Group member from any Multiemployer Plan or the initiation of steps to do so, (e) receipt by any Loan Party or any Controlled Group member of a notice that any Multiemployer Plan is, or is expected to be,
Insolvent, in Reorganization, or in “endangered” or “critical status” (within the meaning of Section 432 of the Code or Section 305 or Title IV of ERISA), (f) any Loan Party or any Controlled Group member has
incurred or is reasonably expected to incur, any Withdrawal Liability to one or more Multiemployer Plans, or (g) any failure by any Single Employer Plan to satisfy the minimum funding standards (within the meaning of Sections 412 or 430 of the
Code or Section 302 of ERISA) applicable to such Single Employer Plan, whether or not waived. 
 “Eurodollar
Advance” means an Advance which, except as otherwise provided in Section 2.12, bears interest at the Eurodollar Rate. 
 “Eurodollar Base Rate” means, with respect to any Eurodollar Advance for any Interest Period, the rate appearing on Reuters Screen LIBOR01 Page (or on any successor or substitute page of
such Service, or any successor to or substitute for such Service, providing rate quotations comparable to those currently provided on such page of such Service, as determined by the Agent from time to time for purposes of providing quotations of
interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for dollar deposits with a maturity comparable to
such Interest Period. In the event that such rate is not available at such time for any reason, then the “Eurodollar Base Rate” with respect to such Eurodollar Borrowing for such Interest Period shall be the rate at which dollar
deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the principal London office of the Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two
Business Days prior to the commencement of such Interest Period. 
 “Eurodollar Loan” means a Loan which,
except as otherwise provided in Section 2.12, bears interest at the Eurodollar Rate. 
 “Eurodollar
Rate” means, with respect to any Eurodollar Advance for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to the sum of (a) the product of (i) the Eurodollar Base Rate
for such Interest Period multiplied by (ii) the Statutory Reserve Rate plus (b) the Applicable Margin. 
 “Excluded Taxes” means, in the case of each Lender or applicable Lending Installation and the Agent, taxes imposed on its overall revenue or net income, and franchise taxes (imposed in
lieu of net income taxes) imposed on it, by (a) the jurisdiction under the laws of which such Lender or the Agent is incorporated or organized or (b) the jurisdiction in which the Agent’s or such Lender’s principal executive
office or such Lender’s applicable Lending Installation is located. 
 “Exhibit” refers to an exhibit to
this Agreement, unless another document is specifically referenced. 

  
 20 

 “Existing Credit Agreement” has the meaning specified in the Recitals
hereto. 
 “Existing Lenders” has the meaning specified in the Recitals hereto. 

“Existing Letters of Credit” means the letters of credit set forth on Schedule 1.1A that have been issued prior
to the Effective Date by the LC Issuers identified on Schedule 1.1A. 
 “Existing Mortgages” means each
of the mortgages, deeds of trust or other agreements made pursuant to the Existing Credit Agreement by any Loan Party in favor of the Agent for the benefit of the Agent and the Lenders. 

“Facility” means the credit facility described in Section 2.1 hereof to be provided to the Borrower on the
terms and conditions set forth in this Agreement. 
 “Facility LC” is defined in Section 2.1.2(a).

 “Facility LC Application” is defined in Section 2.1.2(c). 

“Facility LC Collateral Account” is defined in Section 2.1.2(j). 

“Facility Termination Date” means June 3, 2016 or any earlier date on which the Aggregate Commitment is reduced to
zero or otherwise terminated pursuant to the terms hereof. 
 “Federal Funds Effective Rate” means, for any
day, an interest rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published for such day (or, if such day
is not a Business Day, for the immediately preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations at approximately 10:00 a.m. (Chicago
time) on such day on such transactions received by the Agent from three Federal funds brokers of recognized standing selected by the Agent in its Permitted Discretion. 
 “Fee Letter” is defined in Section 2.10(c). 

“Final Appraisal” means, with respect to any parcel of Material Real Property, a final complete appraisal of the value
of such parcel of Material Real Property, as the case may be, commissioned in connection with this Agreement and delivered after the Effective Date and valued on an “alternative use” basis which in the Permitted Discretion of the Agent
satisfies all applicable requirements of FIRREA and the Uniform Standards of Professional Appraisal Practice. 

“Financial Contract” of a Person means (a) any exchange-traded or over-the-counter futures, forward, swap or option
contract or other financial instrument with similar characteristics, or (b) any Rate Management Transaction. 

“FIRREA” means the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended. 

  
 21 

 “Fiscal Month” means the calendar month. 

“Fiscal Quarter” means any of the quarterly accounting periods of the Parent, ending on
December 31, March 31, June 30 and September 30 of each year. 
 “Fiscal Year”
means any of the annual accounting periods of the Parent ending on September 30 of each year. 
 “Fixed Charge
Coverage Ratio” means, the ratio, determined as of the end of each Fiscal Month of the Parent for the then most-recently ended 12 Fiscal Months, of (a) Consolidated EBITDA minus the unfinanced portion of Consolidated
Capital Expenditures minus taxes paid in cash to (b) Consolidated Fixed Charges, all calculated for the Parent and its Subsidiaries on a consolidated basis. 
 “Fixtures” has the meaning specified in the Security Agreement. 

“Floating Rate” means, for any day, a rate per annum equal to (a) the Alternate Base Rate for such day
plus (b) the Applicable Margin, in each case changing when and as the Alternate Base Rate changes. 

“Floating Rate Advance” means an Advance which, except as otherwise provided in Section 2.12, bears interest
at the Floating Rate. 
 “Floating Rate Loan” means a Loan which, except as otherwise provided in
Section 2.12, bears interest at the Floating Rate. 
 “Foreign Subsidiary” means any Subsidiary
which is not a Domestic Subsidiary. 
 “Fund” means any Person (other than a natural person) that is (or will
be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 
 “Funding Account” is defined in Section 2.5. 

“GAAP” means generally accepted accounting principles in the United States as in effect from time to time, applied in a
manner consistent with that used in preparing the financial statements referred to in Section 5.5. 

“General Partner” means Kestrel Heat LLC, a Delaware limited liability company. 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof and any entity
exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 

“Guaranteed Obligations” is defined in Section 15.1. 

  
 22 

 “Guarantor” means the Parent, the Borrower and each of the Parent’s
other direct or indirect Domestic Subsidiaries, including any Person who becomes a Loan Party pursuant to a Joinder Agreement and their successors and assigns. 
 “Guaranty” means Article XV of this Agreement. 

“Indebtedness” of a Person means such Person’s (a) obligations for borrowed money, (b) obligations
representing the deferred purchase price of Property or services (other than accounts payable arising in the ordinary course of such Person’s business payable on terms customary in the trade), (c) obligations, whether or not assumed,
secured by Liens or payable out of the proceeds or production from Property now or hereafter owned or acquired by such Person, (d) obligations which are evidenced by notes, acceptances, or other instruments, (e) obligations of such Person
to purchase securities or other Property arising out of or in connection with the sale of the same or substantially similar securities or Property or any other Off-Balance Sheet Liabilities, (f) Capitalized Lease Obligations,
(g) Contingent Obligations for which the underlying transaction constitutes Indebtedness under this definition, (h) the maximum available stated amount of all letters of credit or bankers’ acceptances created for the account of such
Person and, without duplication, all reimbursement obligations with respect to letters of credit, (i) Net Mark-to-Market Exposure under all Rate Management Transactions, (j) obligations of such Person under any Sale and Leaseback
Transaction, (k) obligations under any liquidated earn-out and (l) any other obligation for borrowed money or other financial accommodation which in accordance with GAAP would be shown as a liability on the consolidated balance sheet of
such Person. 
 “Insolvent” with respect to any Multiemployer Plan means the condition that such Multiemployer
Plan is insolvent within the meaning of Section 4245 of ERISA. 
 “Intellectual Property Rights” means,
with respect to any Person, all of such Person’s Patents, Copyrights, Trademarks, and Licenses, all other rights under any of the foregoing, all extensions, renewals, reissues, divisions, continuations and continuations-in-part of any of the
foregoing, and all rights to sue for past, present, and future infringement of any of the foregoing. 
 “Intercompany
Notes” is defined in Section 6.17(e). 
 “Interest Period” means, with respect to a
Eurodollar Advance, a period of one, two, three or six months commencing on a Business Day selected by the Borrower Representative pursuant to this Agreement. Such Interest Period shall end on the day which corresponds numerically to such date one,
two, three or six months thereafter, provided, however, that if there is no such numerically corresponding day in such next, second, third or sixth succeeding month, such Interest Period shall end on the last Business Day of
such next, second, third or sixth succeeding month. If an Interest Period would otherwise end on a day which is not a Business Day, such Interest Period shall end on the next succeeding Business Day, provided however, that if
said next succeeding Business Day falls in a new calendar month, such Interest Period shall end on the immediately preceding Business Day. 
 “Inventory” has the meaning specified in the Security Agreement. 

  
 23 

 “Investment” of a Person means any (a) loan, advance, extension of
credit (other than accounts receivable arising in the ordinary course of business on terms customary in the trade) or contribution of capital by such Person, (b) stocks, bonds, mutual funds, partnership interests, notes, debentures, securities
or other Capital Stock owned by such Person, (c) any deposit accounts and certificate of deposit owned by such Person, and (d) structured notes, derivative financial instruments and other similar instruments or contracts owned by such
Person; provided that any Rate Management Transaction entered into in compliance with Section 6.17(i) shall not constitute an “Investment.” 
 “Joinder Agreement” is defined in Section 6.15(a). 

“Kestrel Group” means Kestrel Energy Partners, LLC and any officers, directors or employees of the General Partner
owning equity interests in the General Partner. 
 “LC Exposure” is defined in Section 2.23(c).

 “LC Fee” is defined in Section 2.10(b). 

“LC Issuer” means each of (a) Chase (or any subsidiary or Affiliate of Chase designated by Chase) and (b) Bank
of America, N.A. 
 “LC Obligations” means, at any time, the sum, without duplication, of (a) the
aggregate undrawn stated amount under all Facility LCs outstanding at such time plus (b) the aggregate unpaid amount at such time of all Reimbursement Obligations. 

“LC Payment Date” is defined in Section 2.1.2(d). 

“Lenders” means the lending institutions listed on the signature pages of this Agreement and their respective successors
and assigns. 
 “Lending Installation” means, with respect to a Lender, the LC Issuer or the Agent, the office,
branch, subsidiary or Affiliate of such Lender, LC Issuer or the Agent listed on the signature pages hereof or on a Schedule or otherwise selected by such Lender, the LC Issuer or the Agent pursuant to Section 2.22. 

“Letter of Credit” of a Person means a letter of credit or similar instrument which is issued upon the application of
such Person or upon which such Person is an account party or for which such Person is in any way liable. 

“Licenses” shall have the meaning given to such term in the Security Agreement. 

“Lien” means any lien (statutory or other), mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, the interest of a vendor or lessor under any conditional sale, Capitalized Lease or other
title retention agreement). 

  
 24 

 “Loan Documents” means this Agreement, any Notes, the Facility LC
Applications, the Collateral Documents, the Guaranty and all other agreements, instruments, documents and certificates identified in Section 4.1 executed and delivered to, or in favor of, the Agent or any Lenders and including all other
pledges, powers of attorney, consents, assignments, contracts, notices, letter of credit agreements and all other written matter whether heretofore, now or hereafter executed by or on behalf of any Loan Party, or any employee of any Loan Party, and
delivered to the Agent or any Lender in connection with the Agreement or the transactions contemplated thereby, but shall not include agreements in connection with Rate Management Transactions. Any reference in the Agreement or any other Loan
Document to a Loan Document shall include all appendices, exhibits or schedules thereto, and all amendments, restatements, supplements or other modifications thereto, and shall refer to the Agreement or such Loan Document as the same may be in
effect at any and all times such reference becomes operative. 
 “Loan Parties” means the Parent, the Borrower
and each other Guarantor. 
 “Loans” means, with respect to a Lender, such Lender’s loans made pursuant to
Article II (or any conversion or continuation thereof), including Non-Ratable Loans, Swingline Loans, Overadvances and Protective Advances. 
 “Machinery” has the meaning specified in the Security Agreement. 

“Margin Stock” is defined in Section 5.13. 

“Management Fees and Expenses” means any amounts paid by a Loan Party in respect of any management, consulting or other
similar arrangement with an equity holder or Affiliate of a Loan Party (other than another Loan Party). 
 “Material
Adverse Effect” means a material adverse effect on (a) the business, operations, Property, condition (financial or otherwise) or prospects of the Parent and its Subsidiaries taken as a whole or (b) the validity or enforceability
of any of the Loan Documents or the rights and remedies of the Agent, the LC Issuer and the Lenders thereunder. 

“Material Indebtedness” means Indebtedness in an outstanding principal amount of $1,000,000 or more in the aggregate (or
the equivalent thereof in any currency other than U.S. dollars). 
 “Material Indebtedness Agreement” means any
agreement under which any Material Indebtedness was created or is governed or which provides for the incurrence of Indebtedness in an amount which would constitute Material Indebtedness (whether or not an amount of Indebtedness constituting Material
Indebtedness is outstanding thereunder). 
 “Material Real Property” means real property not subject to a
mortgage, deed of trust or other similar instrument (other than pursuant hereto) that (i) is owned in fee by any Loan Party and is not subject to a ground lease in favor of any other Person as lessee, (ii) is located in the United States
and (iii) (A) has been developed with a facility used of useful in the business of the Loan Parties with respect to which a certificate of occupancy or temporary certificate of occupancy or the local equivalent thereof (or any other
similar proof of completion) shall have been issued by the relevant Governmental Authority or (B) is undeveloped and has a book value (excluding soft costs) of at least $100,000. 

  
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 “Materials of Environmental Concern” means (a) any and all hazardous
substances, hazardous materials or toxic substances as defined in the Clean Air Act, the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended, the Resource Conservation and Recovery Act of 1976, as amended, and
the Hazardous Materials Transportation Act and the regulations promulgated thereunder, (b) any substance or materials listed as hazardous or toxic in the United States Department of Transportation Table, by the Environmental Protection Agency
or any successor agency or under any applicable Federal, state, local or foreign laws or regulations, (c) any asbestos, poly-chlorinated biphenyls, urea formaldehyde foam, explosives or radioactive waste, (d) any gasoline or petroleum
(including crude oil or any fraction thereof) or petroleum products, or (e) any other chemical, material or substance which is not classified as hazardous or toxic but exposure to which is prohibited, limited or regulated by any applicable
Federal, state, local or foreign authority or other governmental authority having jurisdiction over the Mortgaged Property, including, without limitation, propane and any related petroleum products or by-products. 

“Maximum Liability” is defined in Section 15.9. 

“Modify” and “Modification” are defined in Section 2.1.2(a). 

“Monthly Reports” is defined in Section 4.1(m). 

“Moody’s” means Moody’s Investors Service, Inc. 

“Mortgage Value” means, with respect to any parcel of Eligible Real Property, the lesser of (a) the maximum stated
amount secured by the Lien on such parcel of Eligible Real Property granted in favor of the applicable secured mortgagee pursuant to the relevant Mortgage and (b) the value of such parcel of Eligible Real Property set forth in the Final
Appraisal delivered with respect thereto. 
 “Mortgages” means any mortgage, deed of trust or other agreement
which conveys or evidences a Lien in favor of the Agent, for the benefit of the Agent and the Lenders, on real Property of a Loan Party, including the Existing Mortgages and any amendments, modifications or supplements thereto. 

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA to which the Parent or
any member of the Controlled Group is obligated to make contributions. 
 “Net Cash Proceeds” means, if in
connection with (a) an asset disposition, cash proceeds net of (i) commissions and other reasonable and customary transaction costs, fees and expenses properly attributable to such transaction and payable by such Loan Party in connection
therewith (in each case, paid to non-Affiliates), (ii) transfer taxes, (iii) amounts payable to holders of senior Liens on such asset (to the extent such Liens constitute Permitted Liens hereunder), if any, and (iv) an appropriate
reserve for income taxes in accordance with GAAP established in connection therewith, (b) the issuance or incurrence of Indebtedness, cash proceeds net of attorneys’ fees, 

  
 26 

 
investment banking fees, accountants’ fees, underwriting discounts and commissions and other customary fees and expenses actually incurred in connection therewith or, (c) an equity
issuance, cash proceeds net of underwriting discounts and commissions and other reasonable costs paid to non-Affiliates in connection therewith. 
 “Net Mark-to-Market Exposure” of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from Rate
Management Transactions. As used in this definition, “unrealized losses” means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management
Transaction were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate
Management Transaction were to be terminated as of that date). For the avoidance of doubt, “Net Mark-to-Market Exposure” shall not include the upfront cost of purchasing call or put options. 

“Net Orderly Liquidation Value” means, with respect to Inventory, Equipment or Machinery of any Person, the net orderly
liquidation value thereof as determined after the Effective Date in a manner acceptable to the Agent (in its Permitted Discretion) by an appraiser reasonably acceptable to the Agent. 

“Non-Consenting Lender” is defined in Section 8.3(d). 

“Non-Paying Guarantor” is defined in Section 15.10. 

“Non-Ratable Loan” and “Non-Ratable Loans” are defined in Section 2.1.3. 

“Non-Seasonal Availability Amount” means $250,000,000; provided that, if the Aggregate Commitment is
increased pursuant to Section 2.16 hereof, the Non-Seasonal Availability Amount shall be deemed to be an amount equal to the Non-Seasonal Availability Amount in effect immediately prior to such increase plus the amount of such increase.

 “Non-U.S. Lender” is defined in Section 3.5(d). 

“Note” is defined in Section 2.21(d). 

“Obligations” means, collectively, all unpaid principal of and accrued and unpaid interest on (including interest
accruing after the maturity of the Loans and Reimbursement Obligations and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether
or not a claim for post-filing or post-petition interest is allowed in such proceeding) the Loans, all LC Obligations, all accrued and unpaid fees and all expenses, reimbursements, indemnities and other obligations of the Loan Parties to the Lenders
or to any Lender, the Agent, the LC Issuer or any indemnified party arising under the Loan Documents. 
 “Off-Balance
Sheet Liability” of a Person means (a) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (b) any indebtedness, liability or obligation under any Sale and
Leaseback Transaction which is not a 

  
 27 

 
Capitalized Lease, (c) any indebtedness, liability or obligation under any so-called “synthetic lease” transaction entered into by such Person, or (d) any indebtedness,
liability or obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheets of such Person, but excluding from this
clause (d) Operating Leases. 
 “Operating Lease” of a Person means any lease of Property (other than a
Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more. 

“Operating Lease Obligations” means, as at any date of determination, the amount obtained by aggregating the present
values, determined in the case of each particular Operating Lease by applying a discount rate (which discount rate shall equal the discount rate which would be applied under GAAP if such Operating Lease were a Capitalized Lease) from the date on
which each fixed lease payment is due under such Operating Lease to such date of determination, of all fixed lease payments due under all Operating Leases of the Parent and its Subsidiaries. 

“Other Taxes” is defined in Section 3.5(b). 

“Overadvances” has the meaning specified in Section 2.1.4(c). 

“Parent” means Star Gas Partners, L.P., a Delaware limited partnership. 

“Parent Subordinated Debt” is defined in Section 6.32. 

“Participants” is defined in Section 12.2(a). 

“Patents” shall have the meaning given to such term in the Security Agreement. 

“Paying Guarantor” is defined in Section 15.10. 

“Payment Date” means (a) with respect to interest payments due on any Floating Rate Loan, the first day of each
calendar month and the Facility Termination Date, (b) with respect to interest payments due on any Eurodollar Loan, (i) the last day of the applicable Interest Period, (ii) in the case of any Interest Period in excess of three months,
the day which is three months after the first day of such Interest Period and (iii) the date on which such Eurodollar Loan is prepaid, whether by acceleration or otherwise, and the Facility Termination Date, and (c) with respect to any
payment of LC Fees, Unused Commitment Fees or fronting fees in respect of Letters of Credit, the first day of each calendar month and the Facility Termination Date. 
 “PBGC” means the Pension Benefit Guaranty Corporation, or any successor thereto. 
 “Permitted Acquisition” means any Acquisition by any Loan Party in a transaction that satisfies each of the following requirements: 

(a) such Acquisition is not a hostile or contested acquisition; 

  
 28 

 (b) the business acquired in connection with such Acquisition is
(i) located in the U.S., (ii) organized under U.S. and applicable state laws, and (iii) except for assets not constituting more than 5% of the assets acquired in such Acquisition, not engaged, directly or indirectly, in any line of
business other than the businesses in which the Loan Parties are engaged on the Effective Date and any business activities that are substantially similar, related, or incidental thereto; 

(c) both before and after giving effect to such Acquisition and the Loans (if any) requested to be made in connection
therewith, each of the representations and warranties in the Loan Documents is true and correct (except (i) any such representation or warranty which relates to a specified prior date and (ii) to the extent the Agent and the Lenders have
been notified in writing by the Loan Parties that any representation or warranty is not correct and the Required Lenders have explicitly waived in writing compliance with such representation or warranty) and no Default or Unmatured Default exists,
will exist, or would result therefrom; 
 (d) if the consideration for such Acquisition is greater than
$5,000,000, as soon as available, but not less than ten days prior to such Acquisition, the Borrower Representative has provided the Lenders (i) notice of such Acquisition and (ii) a copy of all business and financial information
reasonably requested by the Agent, including pro forma historical and projected financial information and cash flow and Availability calculations provided in a manner reasonably acceptable to the Agent; 

(e) if the Accounts and Inventory acquired in connection with such Acquisition are proposed to be included in the
determination of the Borrowing Base, the Agent shall have conducted an audit and field examination of such Accounts and Inventory to its reasonable satisfaction; 

(f) the purchase price of such Acquisition does not exceed $25,000,000; 

(g) if such Acquisition is an acquisition of the Capital Stock of a Person, the Acquisition is structured so that the
acquired Person shall become a Wholly-Owned Subsidiary of the Borrower and, in accordance with Section 6.15(a), a Loan Party pursuant to the terms of this Agreement; 

(h) if such Acquisition is an acquisition of assets, the Acquisition is structured so that the Borrower or a Guarantor
shall acquire such assets; 
 (i) if such Acquisition is an acquisition of Capital Stock, such Acquisition will
not result in any violation of Regulation U; 
 (j) no Loan Party shall, as a result of or in connection with any
such Acquisition, assume or incur any direct or contingent liabilities (whether relating to environmental, tax, litigation, or other matters) that could have a Material Adverse Effect; 

(k) in connection with an Acquisition of the Capital Stock of any Person, all Liens on property of such Person shall be
terminated unless the Agent in its Permitted Discretion consents otherwise, and in connection with an Acquisition of the assets of any Person, all Liens on such assets shall be terminated; 

  
 29 

 (l) the Borrower Representative shall certify (and provide the Agent with a
pro forma calculation in form and substance reasonably satisfactory to the Agent), on its behalf and on behalf of the Borrower, to the Agent and the Lenders that, after giving effect to the completion of such Acquisition, Availability
was not less than $40,000,000 for any period of three consecutive days during the six-month period ending on the date on which such Acquisition was consummated and is not projected to be less than $40,000,000 during the six-month period immediately
after consummation of such Acquisition (with such projected Availability to be determined by reference to the average projected Availability on the last day of each of the relevant six months), in each case on a pro forma basis which
includes all consideration given in connection with such Acquisition, other than Capital Stock of the Borrower delivered to the seller(s) in such Acquisition, as having been paid in cash at the time of making such Acquisition; and 

(m) no Default exists or would result therefrom. 
 “Permitted Discretion” means a determination made in good faith and in the exercise of reasonable (from the perspective of a secured asset-based lender) business judgment. 

“Permitted Liens” is defined in Section 6.21. 

“Permitted Mortgage Liens” means the collective reference to Liens described in Section 6.21(iii) and (v).

 “Person” means any natural person, corporation, firm, joint venture, partnership, limited liability company,
association, enterprise, trust or other entity or organization, or any government or political subdivision or any agency, department or instrumentality thereof. 
 “Petro” has the meaning specified in the preamble hereto. 

“PHI” means Petro Holdings, Inc., a Minnesota corporation. 

“Plan” means any employee pension benefit plan (as defined in Section 3(2) of ERISA), other than a Multiemployer
Plan, subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA and in respect of which any Loan Party or any member of the Controlled Group is (or, if such Plan were terminated, would under
Section 4062 or Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
 “Prime Rate” means a rate per annum equal to the prime rate of interest announced from time to time by Chase or its parent (which is not necessarily the lowest rate charged to any
customer), changing when and as said prime rate changes. 
 “Projections” is defined in
Section 6.1(d). 
 “Proposed Change” is defined in Section 8.3(d). 

  
 30 

 “Property” of a Person means any and all property, whether real, personal,
tangible, intangible, or mixed, of such Person, or other assets owned, leased or operated by such Person. 
 “Pro Rata
Share” means, with respect to any Lender, (a) with respect to Revolving Loans, LC Obligations, Non-Ratable Loans, Swingline loans or Overadvances, a portion equal to a fraction the numerator of which is such Lender’s Commitment
and the denominator of which is the Aggregate Commitment, (b) with respect to Protective Advances or with respect to all Credit Extensions in the aggregate prior to the Facility Termination Date, a portion equal to a fraction the numerator of
which is such Lender’s Commitment and the denominator of which is the Aggregate Commitment, and (c) with respect to Protective Advances or with respect to all Credit Extensions in the aggregate after the Facility Termination Date, a
portion equal to a fraction the numerator of which is such Lender’s Credit Exposure and the denominator of which is the Aggregate Credit Exposure; provided that, in the case of Section 2.23 when a Defaulting Lender shall
exist, any Defaulting Lender’s Commitment hereunder shall be disregarded for purposes of calculating a Lender’s Pro Rata Share. 
 “Protective Advances” is defined in Section 2.1.4(a). 

“Purchasers” is defined in Section 12.3(a). 

“Rate Management Obligations” of a Person means any and all obligations of such Person, whether absolute or contingent
and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any and all Rate Management Transactions, and (b) any and all
cancellations, buy backs, reversals, terminations or assignments of any Rate Management Transactions. 
 “Rate
Management Transaction” means any transaction (including any Commodity Hedging Agreement and any other agreement with respect thereto) now existing or hereafter entered by any Loan Party which is a rate swap, basis swap, forward rate
transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction,
currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of these transactions) or any combination thereof, whether linked to one or more interest
rates, foreign currencies, commodity prices, equity prices or other financial measures. 
 “RCRA” is defined in
Section 5.18(b). 
 “Reference Period” is defined in the definition of “Consolidated
EBITDA”. 
 “Register” is defined in Section 12.3(d). 

“Regulation D” means Regulation D of the Board as from time to time in effect and any successor thereto or other
regulation or official interpretation of said Board relating to reserve requirements applicable to member banks of the Federal Reserve System. 

  
 31 

 “Regulation U” means Regulation U of the Board as from time to time in
effect and any successor or other regulation or official interpretation of said Board relating to the extension of credit by banks for the purpose of purchasing or carrying margin stocks applicable to member banks of the Federal Reserve System.

 “Reimbursement Obligations” means, at any time, the aggregate of all obligations of the Borrower then
outstanding under Section 2.1.2 to reimburse the LC Issuer for amounts paid by the LC Issuer in respect of any one or more drawings under Facility LCs. 
 “Reinvestment Deferred Amount” means with respect to any asset disposition, the aggregate Net Cash Proceeds received in connection therewith that are not applied to prepay the Obligations
pursuant to Section 2.15(b)(i) as a result of the delivery of a Reinvestment Notice. 
 “Reinvestment
Notice” means a written notice executed by the Borrower Representative stating that no Default or Unmatured Default has occurred and is continuing and that a Loan Party intends and expects to use all or a specified portion of the Net Cash
Proceeds of an asset disposition to consummate a Permitted Acquisition and/or acquire assets useful in its business (other than current assets). 
 “Reinvestment Prepayment Amount” means with respect to any asset disposition, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment
Prepayment Date to consummate Permitted Acquisitions and/or acquire assets useful in the Borrower’s business (other than current assets). 
 “Reinvestment Prepayment Date” means with respect to any asset disposition, the earlier of (a) the date occurring twelve months after such asset disposition and (b) the date on
which a Loan Party shall have determined not to, or shall have otherwise ceased to, consummate Permitted Acquisitions and/or acquire assets useful in its business with all or any portion of the relevant Reinvestment Deferred Amount. 

“Rentals” of a Person means the aggregate fixed amounts payable by such Person under any Operating Lease. 

“Reorganization” means, with respect to any Multiemployer Plan, the condition that such plan is in reorganization within
the meaning of Section 4241 of ERISA. 
 “Reportable Event” means a “reportable event” as
defined in Section 4043 of ERISA and the regulations issued under such section, with respect to a Plan, excluding, however, such events as to which the PBGC has by regulation waived the requirement of Section 4043(a) of ERISA that it be
notified within thirty days of the occurrence of such event, provided, however, that a failure to meet the minimum funding standards of Sections 412 and 430 of the Code and of Section 302 of ERISA shall be a Reportable Event
regardless of the issuance of any such waiver of the notice requirement in accordance with either Section 4043(a) of ERISA or Section 412(d) of the Code. 
 “Reports” means reports prepared by Chase or another Person showing the results of appraisals, field examinations or audits pertaining to the Borrower’s assets from information
furnished by or on behalf of the Borrower, after Chase has exercised its rights of inspection pursuant to this Agreement, which Reports may be distributed to the Lenders by Chase. 

  
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 “Required Lenders” means Lenders in the aggregate having at least a
majority of the Aggregate Commitment or, if the Aggregate Commitment has been terminated, Lenders in the aggregate holding at least a majority of the Aggregate Credit Exposure. 

“Reserves” means any and all reserves which the Agent deems necessary, in its Permitted Discretion, to maintain
(including, without limitation, reserves for accrued and unpaid interest on the Secured Obligations, volatility reserves (including reserves for amounts owing with respect to obligations of the Loan Parties in respect of any Commodity Hedging
Agreements that are secured by the Collateral), reserves for rent and usage fees at storage depots and other locations leased by any Loan Party and for consignee’s, warehousemen’s and bailee’s charges, reserves for dilution of
Accounts, reserves for Inventory shrinkage, reserves for customs charges and shipping charges related to any Inventory in transit, reserves for contingent liabilities of any Loan Party, reserves for uninsured losses of any Loan Party, reserves for
through-put fees and reserves for taxes, fees, assessments, and other governmental charges) with respect to the Collateral or any Loan Party. 
 “Revolving Loans” means the revolving loans extended by the Lenders to the Borrower pursuant to Section 2.1.1 hereof. 

“Risk-Based Capital Guidelines” is defined in Section 3.2. 

“S&P” means Standard and Poor’s Ratings Services, a division of The McGraw Hill Companies, Inc. 

“Sale and Leaseback Transaction” means any sale or other transfer of Property by any Person with the intent to lease
such Property as lessee. 
 “Schedule” refers to a specific schedule to this Agreement, unless another document
is specifically referenced. 
 “Seasonal Availability Notice” means a written notice given by the Borrower at
least three Business Days, and not more than ten Business Days, prior to the first day of the Seasonal Availability Period, specifying the first day and length of such period (not exceeding five months), provided that the Borrower may not
deliver any Seasonal Availability Notice if a Default or Event of Default shall have then occurred and be continuing. 

“Seasonal Availability Period” means, until the Facility Termination Date, any period of up to five consecutive months
during the period from December 1 of each year through April 30 of the following year, which period may be initiated by a Seasonal Availability Notice. The Seasonal Availability Period may be terminated early by written notice to such
effect by the Borrower to the Agent at least three Business Days prior to the effective date of such termination. 

“Section” means a numbered section of this Agreement, unless another document is specifically referenced. 

  
 33 

 “Secured Obligations” means, collectively, (a) the Obligations and
(b) all obligations of the Loan Parties in respect of any Commodity Hedging Agreements owing to any Person that is a Lender or an Affiliate of a Lender at the time such agreement is entered into and (c) to the extent permitted under
applicable debt agreements, Banking Services and Rate Management Transactions (other than Commodity Hedging Agreements) owing to any Person that is a Lender or an Affiliate of a Lender at the time such agreement is entered into. 

“Security Agreement” means that certain Pledge and Security Agreement, dated as of the date hereof, between the Loan
Parties and the Agent, for the benefit of the Agent and the Lenders, and any other pledge or security agreement entered into after the Effective Date by any other Loan Party (as required by this Agreement or any other Loan Document), or any other
Person, as the same may be amended, restated or otherwise modified from time to time. 
 “Senior Managing
Agent” has the meaning specified in the preamble hereto. 
 “Settlement” is defined in
Section 2.19. 
 “Settlement Date” is defined in Section 2.19. 

“Single Employer Plan” means a Plan maintained by the Parent or any member of the Controlled Group for employees of the
Parent or any member of the Controlled Group. 
 “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 Agent is subject with respect to the Eurodollar Rate, 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.

 “Subordinated Indebtedness” of a Person means any Indebtedness of such Person the payment of which is
subordinated to payment of the Secured Obligations to the written satisfaction of the Agent in its Permitted Discretion. 

“Subsidiary” of a Person means, any corporation, partnership, limited liability company, association, joint venture or
similar business organization more than 50% of the outstanding Capital Stock having ordinary voting power of which shall at the time be owned or controlled by such Person. Unless otherwise expressly provided, all references herein to a
“Subsidiary” shall mean a Subsidiary of the Borrower. 
 “Substantial Portion” means Property which
represents more than 10% of the consolidated assets of the Parent and its Subsidiaries or property which is responsible for more than 10% of the consolidated net sales or of the Consolidated EBITDA of the Parent and its

  
 34 

 
Subsidiaries, in each case, as would be shown in the consolidated financial statements of the Parent and its Subsidiaries as at the beginning of the twelve-month period ending with the month in
which such determination is made (or if financial statements have not been delivered hereunder for that month which begins the twelve-month period, then the financial statements delivered hereunder for the quarter ending immediately prior to that
month). 
 “Supporting Letter of Credit” is defined in Section 2.1.2(l). 

“Suppressed Availability” means the amount of excess, if any, of the amount of the Borrowing Base over the Aggregate
Commitment. 
 “Swingline Exposure” is defined in Section 2.23(c). 

“Swingline Loan” means a Loan made pursuant to Section 2.1.4(b). 

“Syndication Agent” has the meaning specified in the recitals hereto. 

“Taxes” means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings, now or
hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority, and any and all liabilities with respect to the foregoing (including any interest, additions to tax or penalties applicable thereto), but excluding
Excluded Taxes and Other Taxes. 
 “Trademarks” shall have the meaning given to such term in the Security
Agreement. 
 “Transferee” is defined in Section 12.4. 

“Type” means, with respect to any Advance, its nature as a Floating Rate Advance or a Eurodollar Advance and with
respect to any Loan, its nature as a Floating Rate Loan or a Eurodollar Loan. 
 “UCC” means the Uniform
Commercial Code as in effect from time to time in the State of New York or any other state the laws of which are required to be applied in connection with the issue of perfection of security interests. 

“Unliquidated Secured Obligations” means, at any time, any Secured Obligations (or portion thereof) that is contingent
in nature or unliquidated at such time, including any Secured Obligation that is: (i) an obligation to reimburse a bank for drawings not yet made under a letter of credit issued by it; (ii) any other obligation (including any guarantee)
that is contingent in nature at such time; or (iii) an obligation to provide collateral to secure any of the foregoing types of obligations. 
 “Unmatured Default” means an event which but for the lapse of time or the giving of notice, or both, would constitute a Default. 

“Unused Commitment Fee” is defined in Section 2.10(a). 

“U.S.” means the United States of America. 

  
 35 

 “Wholly-Owned Subsidiary” of a Person means, any Subsidiary all of the
outstanding Capital Stock of which shall at the time be owned or controlled, directly or indirectly, by such Person or one or more Wholly-Owned Subsidiaries of such Person, or by such Person and one or more Wholly-Owned Subsidiaries of such Person.

 “Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial
withdrawal from such Multiemployer Plan, as such terms are defined in Title IV of ERISA. 
 The foregoing definitions shall be
equally applicable to both the singular and plural forms of the defined terms. 
 1.2. 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 if the Borrower notifies the Agent that the Borrower requests an
amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the 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 amended in accordance herewith. Notwithstanding any other provision contained herein, all terms of an accounting or
financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under Statement of Financial Accounting Standards 159 (or any other Financial
Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of any Loan Party at “fair value”, as defined therein. 
 ARTICLE II 
 THE FACILITY 

2.1. The Facility. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to (a) make Loans
to the Borrower as set forth below and (b) participate in Facility LCs issued upon the request of the Borrower, provided that, after giving effect to the making of each such Loan and the issuance of each such Facility LC, such
Lender’s Credit Exposure shall not exceed its Commitment; provided further, that the Aggregate Credit Exposure shall not exceed the Aggregate Commitment. The LC Issuer will issue Facility LCs hereunder on the terms and
conditions set forth in Section 2.1.2. The Facility shall be composed of Revolving Loans, Non-Ratable Loans, Protective Advances, Swingline Loans, Overadvances and Facility LCs as set forth below: 

  
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 2.1.1. Revolving Loans. 

(a) Amount. From and including the Effective Date and prior to the Facility Termination Date, each Lender severally
agrees, on the terms and conditions set forth in this Agreement, to make revolving loans (the “Revolving Loans”) to the Borrower Representative on behalf of the applicable Borrower and participate in Facility LCs issued for the
account of the Borrower as set forth in Section 2.1.2 below, in aggregate amounts that will not result in (i) such Lender’s Credit Exposure exceeding its Commitment or (ii) the Aggregate Credit Exposure exceeding the
lesser of (x) the Aggregate Commitment or (y) the Borrowing Base, subject to the Agent’s authority, in its sole discretion, to make Protective Advances and Overadvances pursuant to the terms of Section 2.1.4. The Revolving
Loans may consist of Floating Rate Advances or Eurodollar Advances, or a combination thereof, selected by the Borrower Representative in accordance with Sections 2.1.1(b) and 2.7. Subject to the terms of this Agreement, the Borrower
may borrow, repay and reborrow Revolving Loans at any time prior to the Facility Termination Date. The Commitments to extend credit under this Section 2.1.1(a) shall expire on the Facility Termination Date. 

(b) Borrowing Procedures. The Borrower Representative shall select the Type of Advance and, in the case of each
Eurodollar Advance, the Interest Period applicable thereto, from time to time. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit A (a “Borrowing Notice”) not later than 10:00 a.m.
(Chicago time) on the Borrowing Date of each Floating Rate Advance and three Business Days before the Borrowing Date for each Eurodollar Advance, specifying: (1) the name of the applicable Borrower, (2) the Borrowing Date, which shall be a
Business Day, of such Advance, (3) the aggregate amount of such Advance, (4) the Type of Advance selected; provided that, if the Borrower Representative fails to specify the Type of Advance requested, such request shall be deemed a
request for a Floating Rate Advance; and (5) the duration of the Interest Period if the Type of Advance requested is a Eurodollar Advance; provided that, if the Borrower Representative fails to select the duration of the Interest Period
for the requested Eurodollar Advance, the Borrower Representative shall be deemed to have requested on behalf of the applicable Borrower that such Eurodollar Advance be made with an Interest Period of one month. 

(c) The Agent’s Election. Promptly after receipt of a Borrowing Notice (or telephonic notice in lieu thereof)
of a requested Floating Rate Advance, the Agent shall elect in its discretion to have the terms of Section 2.1.1(d) (pro rata advance by all Lenders), Section 2.1.3 (advance by the Agent, in the form of a Non-Ratable Loan, on
behalf of the Lenders) or Section 2.1.4(b) (Swingline Loans) apply to such requested Advance. 
 (d)
Pro Rata Advance. Unless the Agent elects to have the terms of Section 2.1.3 or Section 2.1.4(b) apply to a requested Floating Rate Advance or if a requested Advance is for a Eurodollar Advance, then promptly after
receipt of a Borrowing Notice or telephonic notice in lieu thereof as permitted by Section 2.8, the Agent shall notify the Lenders by telecopy, telephone, or e-mail of the requested Advance. Not later than noon (Chicago time) on each
Borrowing Date, each Lender shall make available its Revolving 

  
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Loan in funds immediately available in Chicago to the Agent and the Agent will make the funds so received from the Lenders available to the Borrower Representative at the Funding Account as set
forth in Section 2.5. 
 2.1.2. Facility LCs. 

(a) Issuance. The LC Issuer hereby agrees, on the terms and conditions set forth in this
Agreement, to issue to the Borrower standby and commercial Letters of Credit (each, and each Existing Letter of Credit, a “Facility LC”) and to renew, extend, increase, decrease or otherwise modify each Facility LC
(“Modify,” and each such action a “Modification”), from time to time from and including the Effective Date and prior to the Facility Termination Date upon the request of the Borrower Representative for the account
of the applicable Borrower; provided that, the maximum face amount of the Facility LC to be issued or Modified does not exceed the lesser of (i) an amount equal to $100,000,000 minus the sum of (1) the aggregate undrawn
amount of all outstanding Facility LCs at such time plus, without duplication, (2) the aggregate unpaid Reimbursement Obligations with respect to all Facility LCs outstanding at such time and (ii) Availability;
provided further that the LC Obligations in respect of standby Letters of Credit shall not exceed $50,000,000. On the Effective Date, each Existing Letter of Credit shall be deemed to be a Facility LC issued hereunder for
the account of the applicable Borrower. No Facility LC (or any renewal thereof) shall have an expiry date later than the earlier of (x) the fifth (5th) Business Day prior to the Facility Termination Date and (y) one year after its issuance; provided
that any Letter of Credit with a one-year tenor may provide for the renewal thereof for additional one-year periods (which shall in no event extend beyond the date referred to in clause (x) above). 

(b) Participations. Upon the issuance or Modification by the LC Issuer of a Facility LC in accordance with this
Section 2.1.2, the LC Issuer shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably sold to each Lender, and each Lender shall be deemed, without further action by any party hereto, to have
unconditionally and irrevocably purchased from the LC Issuer, a participation in such Facility LC (and each Modification thereof) and the related LC Obligations in proportion to its Pro Rata Share. 

(c) Notice. Subject to Section 2.1.2(a), the Borrower Representative, on behalf of the applicable
Borrower, shall give the LC Issuer notice prior to 10:00 a.m. (Chicago time) at least three Business Days prior to the proposed date of issuance or Modification of each Facility LC, specifying the beneficiary, the proposed date of issuance (or
Modification) and the expiry date of such Facility LC, and describing the proposed terms of such Facility LC and the nature of the transactions proposed to be supported thereby. Upon receipt of such notice, the LC Issuer shall promptly notify the
Agent, and the Agent shall promptly notify each Lender, of the contents thereof and of the amount of such Lender’s participation in such proposed Facility LC. The issuance or Modification by the LC Issuer of any Facility LC shall, in addition
to the conditions precedent set forth in Article IV (the satisfaction of which the LC Issuer shall have no duty to ascertain), be subject to the conditions precedent that such Facility LC shall be reasonably satisfactory to the LC Issuer and
that the applicable Borrower shall have executed and delivered such 

  
 38 

 
application agreement and/or such other instruments and agreements relating to such Facility LC as the LC Issuer shall have reasonably requested (each, a “Facility LC
Application”). In the event of any conflict between the terms of this Agreement and the terms of any Facility LC Application, the terms of this Agreement shall control. 

(d) Administration; Reimbursement by Lenders. Upon receipt from the beneficiary of any Facility LC of any demand
for payment under such Facility LC, the LC Issuer shall notify the Agent and the Agent shall promptly notify the Borrower Representative and each other Lender as to the amount to be paid by the LC Issuer as a result of such demand and the proposed
payment date (the “LC Payment Date”). The responsibility of the LC Issuer to the Borrower Representative, the Borrower and each Lender shall be only to determine that the documents (including each demand for payment) delivered under
each Facility LC in connection with such presentment shall be in conformity in all material respects with such Facility LC. The LC Issuer shall endeavor to exercise the same care in the issuance and administration of the Facility LCs as it does with
respect to letters of credit in which no participations are granted, it being understood that in the absence of any gross negligence or willful misconduct by the LC Issuer, each Lender shall be unconditionally and irrevocably liable without regard
to the occurrence of any Default or any condition precedent whatsoever, to reimburse the LC Issuer on demand for (i) such Lender’s Pro Rata Share of the amount of each payment made by the LC Issuer under each Facility LC to the extent such
amount is not reimbursed by the Borrower pursuant to Section 2.1.2(e) below, plus (ii) interest on the foregoing amount to be reimbursed by such Lender, for each day from the date of the LC Issuer’s demand for
such reimbursement (or, if such demand is made after 11:00 a.m. (Chicago time) on such date, from the next succeeding Business Day) to the date on which such Lender pays the amount to be reimbursed by it, at a rate of interest per annum equal to the
Federal Funds Effective Rate for the first three days and, thereafter, at a rate of interest equal to the rate applicable to Floating Rate Advances. 
 (e) Reimbursement by Borrower. The Borrower shall be irrevocably and unconditionally obligated to reimburse the LC Issuer on or before the applicable LC Payment Date for any amounts to be paid by
the LC Issuer upon any drawing under any Facility LC, without presentment, demand, protest or other formalities of any kind; provided that, neither the Borrower nor any Lender shall hereby be precluded from asserting any claim for direct (but
not consequential) damages suffered by the Borrower or such Lender to the extent, but only to the extent, caused by (i) the willful misconduct or gross negligence of the LC Issuer in determining whether a request presented under any Facility LC
issued by it complied with the terms of such Facility LC or (ii) the LC Issuer’s failure to pay under any Facility LC issued by it after the presentation to it of a request strictly complying with the terms and conditions of such Facility
LC. All such amounts paid by the LC Issuer and remaining unpaid by the Borrower shall bear interest, payable on demand, for each day until paid at a rate per annum equal to (x) the rate applicable to Floating Rate Advances for such day if such
day falls on or before the applicable LC Payment Date and (y) the sum of 2% plus the rate applicable to Floating Rate Advances for such day if such day falls after such LC Payment Date. The LC Issuer will pay to each Lender
ratably in accordance with its Pro Rata Share all amounts received by it from the Borrower for application in payment, in whole or in part, of the 

  
 39 

 
Reimbursement Obligation in respect of any Facility LC issued by the LC Issuer, but only to the extent such Lender has made payment to the LC Issuer in respect of such Facility LC pursuant to
Section 2.1.2(d). Subject to the terms and conditions of this Agreement (including without limitation the submission of a Borrowing Notice in compliance with Section 2.1.1(b) and the satisfaction of the applicable conditions
precedent set forth in Article IV), the Borrower Representative may request an Advance hereunder on behalf of the applicable Borrower for the purpose of satisfying any Reimbursement Obligation. 

(f) Obligations Absolute. The Borrower’s obligations under this Section 2.1.2 shall be absolute
and unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment which the Borrower may have or have had against the LC Issuer, any Lender or any beneficiary of a Facility LC. The Borrower further
agrees with the LC Issuer and the Lenders that the LC Issuer and the Lenders shall not be responsible for, and the Borrower’s Reimbursement Obligation in respect of any Facility LC shall not be affected by, among other things, the validity or
genuineness of documents or of any endorsements thereon, even if such documents should in fact prove to be in any or all respects invalid, fraudulent or forged, or any dispute between or among the Borrower, any of its Affiliates, the beneficiary of
any Facility LC or any financing institution or other party to whom any Facility LC may be transferred or any claims or defenses whatsoever of the Borrower or of any of its Affiliates against the beneficiary of any Facility LC or any such
transferee. The LC Issuer shall not be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Facility LC. The Borrower agrees that any action
taken or omitted by the LC Issuer or any Lender under or in connection with each Facility LC and the related drafts and documents, if done without gross negligence or willful misconduct, shall be binding upon the Borrower and shall not put the LC
Issuer or any Lender under any liability to the Borrower. Nothing in this Section 2.1.2(f) is intended to limit the right of the Borrower to make a claim against the LC Issuer for damages as contemplated by the proviso to the first
sentence of Section 2.1.2(e). 
 (g) Actions of LC Issuer. The LC Issuer shall be entitled to
rely, and shall be fully protected in relying, upon any Facility LC, draft, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document believed
by it (in its Permitted Discretion) to be genuine and correct and to have been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel, independent accountants and other experts selected by the LC
Issuer. The LC Issuer shall be fully justified in failing or refusing to take any action under this Agreement unless it shall first have received such advice or concurrence of the Required Lenders as it reasonably deems appropriate or it shall first
be indemnified to its reasonable satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. Notwithstanding any other provision of this
Section 2.1.2, the LC Issuer shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement in accordance with a request of the Required Lenders, and such request and any action taken or failure to
act pursuant thereto shall be binding upon the Lenders and any future holders of a participation in any Facility LC. 

  
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 (h) Indemnification. The Borrower hereby agrees to indemnify and hold
harmless each Lender, the LC Issuer and the Agent, and their respective directors, officers, agents and employees from and against any and all claims and damages, losses, liabilities, costs or expenses which such Lender, the LC Issuer or the Agent
may incur (or which may be claimed against such Lender, the LC Issuer or the Agent by any Person whatsoever) by reason of or in connection with the issuance, execution and delivery or transfer of or payment or failure to pay under any Facility LC or
any actual or proposed use of any Facility LC, including, without limitation, any claims, damages, losses, liabilities, costs or expenses which the LC Issuer may incur by reason of or in connection with (i) the failure of any other Lender to
fulfill or comply with its obligations to the LC Issuer hereunder (but nothing herein contained shall affect any rights the Borrower may have against any Defaulting Lender) or (ii) by reason of or on account of the LC Issuer issuing any
Facility LC which specifies that the term “Beneficiary” included therein includes any successor by operation of law of the named Beneficiary, but which Facility LC does not require that any drawing by any such successor Beneficiary be
accompanied by a copy of a legal document, satisfactory to the LC Issuer (in its Permitted Discretion), evidencing the appointment of such successor Beneficiary; provided that, the Borrower shall not be required to indemnify any Lender, the
LC Issuer or the Agent for any claims, damages, losses, liabilities, costs or expenses to the extent, but only to the extent, caused by (x) the willful misconduct or gross negligence of the LC Issuer in determining whether a request presented
under any Facility LC complied with the terms of such Facility LC or (y) the LC Issuer’s failure to pay under any Facility LC after the presentation to it of a request strictly complying with the terms and conditions of such Facility LC.
Nothing in this Section 2.1.2(h) is intended to limit the obligations of the Borrower under any other provision of this Agreement. 
 (i) Lenders’ Indemnification. Each Lender shall, ratably in accordance with its Pro Rata Share, indemnify the LC Issuer, its Affiliates and their respective directors, officers, agents and
employees (to the extent not reimbursed by the Borrower) against any cost, expense (including reasonable counsel fees and disbursements), claim, demand, action, loss or liability (except such as result from such indemnitees’ gross negligence or
willful misconduct or the LC Issuer’s failure to pay under any Facility LC after the presentation to it of a request strictly complying with the terms and conditions of the Facility LC) that such indemnitees may suffer or incur in connection
with this Section 2.1.2 or any action taken or omitted by such indemnitees hereunder. 
 (j)
Facility LC Collateral Account. The Borrower agrees that it will, upon the request of the Agent or the Required Lenders and until the final expiration date of any Facility LC and thereafter as long as any amount is payable to the LC Issuer or
the Lenders in respect of any Facility LC, maintain a special collateral account pursuant to arrangements satisfactory to the Agent in its Permitted Discretion (the “Facility LC Collateral Account”) at the Agent’s office at the
address specified pursuant to Article XIII, in the name of the Borrower but under the sole dominion and control of the Agent, for the benefit of the Lenders and in which the Borrower shall have no interest other than

  
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as set forth in Section 8.1. Nothing in this Section 2.1.2(j) shall either obligate the Agent to require the Borrower to deposit any funds in the Facility LC Collateral
Account or limit the right of the Agent to release any funds held in the Facility LC Collateral Account in each case other than as required by Section 8.1. The Borrower hereby pledges, assigns and grants to the Agent, on behalf of and
for the ratable benefit of the Lenders and the LC Issuer, a security interest in all of the Borrower’s right, title and interest in and to all funds which may from time to time be on deposit in the Facility LC Collateral Account to secure the
prompt and complete payment and performance of the Secured Obligations. The Agent will invest any funds on deposit from time to time in the Facility LC Collateral Account in certificates of deposit of Chase having a maturity not exceeding thirty
days. 
 (k) Rights as a Lender. In its capacity as a Lender, the LC Issuer shall have the same rights and
obligations as any other Lender. 
 (l) Termination of the Facility. If, notwithstanding the provisions of
this Section 2.1.2, any Facility LC is outstanding upon the earlier of (x) the termination of this Agreement and (y) the Facility Termination Date, then upon such termination the Borrower shall deposit with the Agent, for the
benefit of the Agent and the Lenders, with respect to all LC Obligations, as the Agent in its discretion shall specify, either (i) a standby letter of credit (a “Supporting Letter of Credit”), in form and substance satisfactory
to the Agent (in its Permitted Discretion), issued by an issuer satisfactory to the Agent (in its Permitted Discretion), in a stated amount equal to 105% of the difference of (x) the amount of LC Obligations at such time, less (y) the
amount on deposit in the Facility LC Collateral Account at such time which is free and clear of all rights and claims of third parties and has not been applied against the Obligations (such difference, the “Collateral Shortfall
Amount”), under which Supporting Letter of Credit the Agent is entitled to draw amounts necessary to reimburse the Agent, the LC Issuer and the Lenders for payments to be made by the Agent, the LC Issuer and the Lenders under any such
Facility LC and any fees and expenses associated with such Facility LC, or (ii) cash, in immediately available funds, in an amount equal to 105% of the Collateral Shortfall Amount to be held in the Facility LC Collateral Account. Such
Supporting Letter of Credit or deposit of cash shall be held by the Agent, for the benefit of the Agent and the Lenders, as security for, and to provide for the payment of, the aggregate undrawn amount of such Facility LC remaining outstanding.

 2.1.3. Non-Ratable Loans. Subject to the restrictions set forth in Section 2.1.1(a), the Agent may elect
to have the terms of this Section 2.1.3 apply to any requested Floating Rate Advance and Chase shall thereafter make an Advance, on behalf of the Lenders and in the amount requested, available to the Borrower on the applicable Borrowing
Date by transferring same day funds to the Funding Account. Each Advance made solely by the Agent pursuant to this Section 2.1.3 is referred to in this Agreement as a “Non-Ratable Loan,” and such Advances are referred to as the
“Non-Ratable Loans.” Each Non-Ratable Loan shall be subject to all the terms and conditions applicable to other Advances funded by the Lenders, except that all payments thereon shall be payable to Chase solely for its own account. The
aggregate amount of Non-Ratable Loans outstanding at 

  
 42 

 
any time shall not exceed $20,000,000. The Agent shall not make any Non-Ratable Loan if the requested Non-Ratable Loan exceeds Availability (before giving effect to such Non-Ratable Loan).
Non-Ratable Loans may be made even if a Default or Unmatured Default exists, but may not be made if the conditions precedent set forth in Section 4.2 (other than Section 4.2(a)) have not been satisfied. The Non-Ratable Loans
shall be secured by the Liens granted to the Agent in and to the Collateral and shall constitute Obligations hereunder. All Non-Ratable Loans shall be Floating Rate Advances and are subject to the settlement provisions set forth in
Section 2.19. 
 2.1.4. Protective Advances, Swingline Loans and Overadvances. 

(a) Protective Advances. Subject to the limitations set forth below, the Agent is authorized by the Borrower and
the Lenders, from time to time in the Agent’s sole discretion (but shall have absolutely no obligation to), to make Advances, on behalf of all Lenders, in an aggregate amount outstanding at any time that, when added to the aggregate amount of
Overadvances outstanding at such time, does not exceed 5% of the Aggregate Commitment at such time, which the Agent, in its Permitted Discretion, deems necessary or desirable (i) to preserve or protect the Collateral, or any portion thereof,
(ii) to enhance the likelihood of, or maximize the amount of, repayment of the Loans and other Obligations, or (iii) to pay any other amount chargeable to or required to be paid by the Borrower pursuant to the terms of this Agreement,
including costs, fees, and expenses as described in Section 9.6 (any of such Advances are herein referred to as “Protective Advances”); provided that, no Protective Advance shall cause the Aggregate Credit
Exposure to exceed the Aggregate Commitment. Protective Advances may be made even if the conditions precedent set forth in Section 4.2 have not been satisfied. The Protective Advances shall be secured by the Liens in favor of the Agent
in and to the Collateral and shall constitute Obligations hereunder. All Protective Advances shall be Floating Rate Advances, shall bear interest at the default rate set forth in Section 2.12 and shall be payable on the earlier of demand
or the Facility Termination Date. The Required Lenders may at any time revoke the Agent’s authorization to make Protective Advances. Any such revocation must be in writing and shall become effective prospectively upon the Agent’s receipt
thereof. At any time that there is sufficient Availability and the conditions precedent set forth in Section 4.2 have been satisfied, the Agent may request the Lenders to make a Revolving Loan to repay a Protective Advance. At any other
time the Agent may require the Lenders to fund their risk participations described in Section 2.2. 

(b) Swingline Loans. Subject to the terms and conditions set forth herein, the Agent is authorized by the Borrower
and the Lenders, from time to time in the Agent’s sole discretion (but shall have absolutely no obligation to), to make Swingline Loans, on behalf of all Lenders, in an aggregate principal amount at any time outstanding that will not result in
(i) the aggregate principal amount of outstanding Swingline Loans exceeding $15,000,000 or (ii) the Aggregate Credit Exposure exceeding the lesser of the (x) Aggregate Commitment and (y) the Borrowing Base; provided that
the Agent shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans.
To request a Swingline Loan, the Borrower shall notify the Agent of such request by telephone (confirmed by facsimile), 

  
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not later than 11:00 a.m., Chicago time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and
amount of the requested Swingline Loan. The Agent shall make each Swingline Loan available to the Borrower by means of a credit to the Funding Account (or, in the case of a Swingline Loan made to finance the reimbursement of a Facility LC as
provided in Section 2.1.2(e), by remittance to the LC Issuer, and in the case of repayment of another Loan or fees or expenses as provided herein, by remittance to the Agent to be distributed to the Lenders) by 2:00 p.m., Chicago
time, on the requested date of such Swingline Loan. All Swingline loans shall be Floating Rate Advances, shall bear interest at the default rate set forth in Section 2.12 and shall be payable on the earlier of demand or the Facility
Termination Date. 
 The Agent may require the Lenders to acquire participations on such Business Day in all or a
portion of the Swingline Loans outstanding. In such event, the Agent shall give the Lenders notice, specifying the aggregate amount of Swingline Loans in which Lenders will participate, as well as each Lender’s Pro Rata Share of such Swingline
Loan or Loans. Each Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Agent such Lender’s Pro Rata Share of such Swingline Loan or Loans. Each Lender acknowledges and agrees that its
obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or
termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Lender shall comply with its obligation under this paragraph by transfer of immediately available
funds, in the same manner as provided in Section 2.1.1(d) (and Section 2.1.1(d) shall apply, mutatis mutandis, to the payment obligations of the Lenders). Any amounts received by the Agent from the Borrower (or
other party on behalf of the Borrower) in respect of a Swingline Loan after receipt by the Agent of the proceeds of a sale of participations therein shall be promptly remitted by the Agent to the Lenders that shall have made their payments pursuant
to this paragraph or retained by the Agent, as their interests may appear; provided that any such payment so remitted shall be repaid to the Agent if and to the extent such payment is required to be refunded to the Borrower for any reason.
The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the Borrower of any default in the payment thereof. 
 (c) Overadvances. Any provision of this Agreement to the contrary notwithstanding, at the request of the Borrower Representative on behalf of the Borrower, the Agent may in its sole discretion (but
shall have absolutely no obligation to), make Advances to the Borrower Representative (for the account of the Borrower), on behalf of the Lenders, in amounts that exceed Availability (any such excess Advances are herein referred to collectively as
“Overadvances”); provided that, (i) no such event or occurrence shall cause or constitute a waiver of the Agent’s or Lenders’ right to refuse to make any further Swingline Loans, Overadvances, Revolving Loans
or Non-Ratable Loans, or issue Facility LCs, as the case may be, at any time that an Overadvance exists, (ii) no Overadvance shall result in a Default or Unmatured Default due to the Borrower’s failure to comply with
Section 2.1.1(a) for so long as the Agent permits such 

  
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Overadvance to remain outstanding, but solely with respect to the amount of such Overadvance and (iii) the aggregate amount of Overadvances outstanding at any time, when added to the
aggregate amount of Protective Advances outstanding at such time, shall not exceed 5% of the Aggregate Commitment at such time. In addition, Overadvances may be made even if a Default or Unmatured Default exists, but may not be made if the
conditions precedent set forth in Section 4.2 have not been satisfied (other than the condition regarding Availability and other than Section 4.2(a)). All Overadvances shall constitute Floating Rate Advances, shall bear
interest at the default rate set forth in Section 2.12, shall be payable on the earlier of demand or the Facility Termination Date and are subject to the settlement provisions set forth in Section 2.19. The authority of the
Agent to make Overadvances is limited to an aggregate amount not to exceed 5% of the Borrowing Base at any time, no Overadvance may remain outstanding for more than thirty days and no Overadvance shall cause any Lender’s Credit Exposure to
exceed its Commitment or the Aggregate Credit Exposure to exceed the Aggregate Commitment; provided that, the Required Lenders may at any time revoke the Agent’s authorization to make Overadvances. Any such revocation must be in writing
and shall become effective prospectively upon the Agent’s receipt thereof. 
 2.2. Ratable Loans; Risk
Participation. Except as otherwise provided below, each Advance made in connection with a Revolving Loan shall consist of Loans made by each Lender in an amount equal to such Lender’s Pro Rata Share. Upon the making of an Advance by the
Agent in connection with a Non-Ratable Loan, a Swingline Loan, an Overadvance or a Protective Advance (whether before or after the occurrence of a Default or an Unmatured Default and regardless of whether the Agent has requested a Settlement with
respect to such Non-Ratable Loan, Swingline Loan, Overadvance or Protective Advance), the Agent shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably sold to each Lender and each Lender shall be deemed,
without further action by any party hereto, to have unconditionally and irrevocably purchased from the Agent, without recourse or warranty, an undivided interest and participation in such Non-Ratable Loan, Swingline Loan, Overadvance or Protective
Advance in proportion to its Pro Rata Share of the Aggregate Commitment. From and after the date, if any, on which any Lender is required to fund its participation in any Non-Ratable Loan, Swingline Loan, Overadvance or Protective Advance purchased
hereunder, the Agent shall promptly distribute to such Lender, such Lender’s Pro Rata Share of all payments of principal and interest and all proceeds of Collateral received by the Agent in respect of such Loan. 

2.3. Payment of the Obligations. The Borrower shall repay the outstanding principal balance of the Loans, together with all other
Obligations, including all accrued and unpaid interest thereon, on the Facility Termination Date. 
 2.4. Minimum Amount of
Each Advance. Each Eurodollar Advance shall be in the minimum amount of $5,000,000 and in multiples of $1,000,000 if in excess thereof. Floating Rate Advances may be in any amount. 

  
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 2.5. Funding Account. The Borrower Representative shall deliver to the Agent, on the
Effective Date, a notice setting forth the deposit account of the Borrower Representative (the “Funding Account”) to which the Agent is authorized by the Borrower to transfer the proceeds of any Advances requested pursuant to this
Agreement. The Borrower Representative may designate a replacement Funding Account from time to time by written notice to the Agent. Any designation by the Borrower Representative of the Funding Account must be reasonably acceptable to the Agent.

 2.6. Reliance Upon Authority; No Liability. The Agent is entitled to rely conclusively on any individual’s
request for Advances hereunder, so long as the proceeds thereof are to be transferred to the Funding Account. The Agent shall have no duty to verify the identity of any individual representing himself or herself as a person authorized by the
Borrower to make such requests on their behalf. The Agent shall not incur any liability to the Borrower as a result of acting upon any notice referred to in Section 2.1 which the Agent reasonably believes to have been given by an officer
or other person duly authorized by the Borrower to request Advances on their behalf or for otherwise acting under this Agreement. The crediting of Advances to the Funding Account shall conclusively establish the obligation of the Borrower to repay
such Advances as provided herein. 
 2.7. Conversion and Continuation of Outstanding Advances. Floating Rate Advances
shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into Eurodollar Advances pursuant to this Section 2.7 or are repaid in accordance with this Agreement. Each Eurodollar Advance shall
continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into a Floating Rate Advance unless (x) such Eurodollar Advance is or was
repaid in accordance with this Agreement or (y) the Borrower Representative shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Advance continue as
a Eurodollar Advance for the same or another Interest Period. Subject to the terms of Section 2.4, the Borrower Representative may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Advance on
behalf of the applicable Borrower. The Borrower Representative shall give the Agent irrevocable notice in the form of Exhibit B (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Advance into a Eurodollar
Advance or continuation of a Eurodollar Advance not later than 10:00 a.m. (Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying (i) the requested date, which shall be a Business
Day, of such conversion or continuation, (ii) the aggregate amount and Type of the Advance which is to be converted or continued, and (iii) the amount of such Advance which is to be converted into or continued as a Eurodollar Advance and
the duration of the Interest Period applicable thereto. 

  
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 2.8. Telephonic Notices. The Borrower hereby authorizes the Lenders and the Agent to
extend, convert or continue Advances, effect selections of Types of Advances and to transfer funds based on telephonic notices made by any person or persons the Agent or any Lender in good faith believes to be acting on behalf of the Borrower
Representative, it being understood that the foregoing authorization is specifically intended to allow Borrowing Notices and Conversion/Continuation Notices to be given telephonically. The Borrower Representative agrees to deliver promptly to the
Agent a written confirmation, if such confirmation is requested by the Agent or any Lender, of each telephonic notice signed by an Authorized Officer of the Borrower Representative. If the written confirmation differs in any material respect from
the action taken by the Agent and the Lenders, the records of the Agent and the Lenders shall govern absent manifest error. 

2.9. Notification of Advances, Interest Rates and Repayments. Promptly after receipt thereof, the Agent will notify each Lender of
the contents of each Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. Promptly after notice from the LC Issuer, the Agent will notify each Lender of the contents of each request for issuance of a
Facility LC hereunder or any Modification. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the
Alternate Base Rate. 
 2.10. Fees. 

(a) Unused Commitment Fee. The Borrower agrees to pay to the Agent, for the account of each Lender in accordance
with such Lender’s Pro Rata Share, an unused commitment fee at a per annum rate equal to the Applicable Fee Rate on the average daily Available Commitment, such fee to be payable in arrears on each Payment Date hereafter and on the Facility
Termination Date (the “Unused Commitment Fee”). 
 (b) LC Fees. The Borrower shall pay to
the Agent, for the account of the Lenders ratably in accordance with their respective Pro Rata Shares, a letter of credit fee at a per annum rate equal to the Applicable Margin for Eurodollar Loans in effect from time to time on the average daily
undrawn stated amount under each Facility LC, such fee to be payable in arrears on each Payment Date (the “LC Fee”). The Borrower shall also pay to the LC Issuer for its own account (x) a fronting fee of 0.125% per annum
of the face amount of the Facility LC, based on average daily undrawn amounts under each Facility LC and payable in arrears on each Payment Date, and (y) documentary and processing charges in connection with the issuance or Modification of and
draws under Facility LCs in accordance with the LC Issuer’s standard schedule for such charges as in effect from time to time. 
 (c) Agent and Arranger Fees. The Borrower agrees to pay all fees and expenses payable to the Agent, Arrangers and Lenders. 

  
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 2.11. Interest Rates. Each Floating Rate Advance shall bear interest on the
outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.7, to but excluding the date
it is paid or is converted into a Eurodollar Advance pursuant to Section 2.7 hereof, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating
Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable
thereto to (but not including) the last day of such Interest Period at the interest rate determined by the Agent as applicable to such Eurodollar Advance based upon the Borrower Representative’s selections under Sections 2.1.1 and
2.7 and otherwise in accordance with the terms hereof. No Interest Period may end after the Facility Termination Date. If at any time Loans are outstanding with respect to which the Borrower Representative has not delivered a notice to the
Agent specifying the basis for determining the interest rate applicable thereto, those Loans shall bear interest at the Floating Rate. 
 2.12. Eurodollar Advances Post Default; Default Rates. Notwithstanding anything to the contrary contained hereunder, during the continuance of a Default or Unmatured Default the Agent or the
Required Lenders may, at their option, by notice to the Borrower Representative (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.3 requiring unanimous consent of the Lenders to
reductions in interest rates), declare that no Advance may be made as, converted into or continued as a Eurodollar Advance. During the continuance of a default in the payment of the principal, interest or any other amount due hereunder or under
another Loan Document, the Agent or the Required Lenders may, at their option, by notice to the Borrower Representative (which notice may be revoked at the option of the Required Lenders notwithstanding any provision of Section 8.3
requiring unanimous consent of the Lenders to reductions in interest rates), declare that (i) each Eurodollar Advance shall bear interest for the remainder of the applicable Interest Period at the rate otherwise applicable to such Interest
Period plus 2% per annum, (ii) each Floating Rate Advance shall bear interest at a rate per annum equal to the Floating Rate in effect from time to time plus 2% per annum and (iii) the LC Fee shall be increased by
2% per annum, provided that, during the continuance of a Default under subsection (f) or (g) of Article VII, the interest rates set forth in clauses (i) and (ii) above and the increase in the LC Fee set forth in
clause (iii) above shall be applicable to all Credit Extensions without any election or action on the part of the Agent or any Lender. 
 2.13. Interest Payment Dates; Interest and Fee Basis. Interest accrued on each Floating Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the
date hereof and at maturity. Interest accrued on each Eurodollar Advance shall be payable on each Payment Date. Interest on all Advances, Unused Commitment Fees and LC Fees shall be calculated for actual days elapsed on the basis of a 360-day year
(or 365/366 days, in the case of Loans the interest rate payable on which is based on the Prime Rate). Interest shall be payable for the day an Advance is made but not for the day of any payment on the amount paid if payment is received prior to
noon (local time) at the place of payment. If any payment of principal of or interest on an Advance shall 

  
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become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included
in computing interest in connection with such payment. After giving effect to any Loan, Advance, continuation, or conversion of any Eurodollar Rate Loan, there may not be more than six different Interest Periods in effect hereunder. 

2.14. Voluntary Prepayments. Subject to Section 2.25, the Borrower may from time to time prepay, but without penalty
or premium, all or any portion of the outstanding Floating Rate Advances. The Borrower may also from time to time prepay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or
premium, all outstanding Eurodollar Advances, or, in a minimum aggregate amount of $5,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Eurodollar Advances upon three Business Days’ prior notice to
the Agent. 
 2.15. Mandatory Prepayments 

(a) Borrowing Base Compliance. Except for Overadvances permitted pursuant to Section 2.1.4(c),
the applicable Borrower shall immediately repay the Revolving Loans, Swingline Loans, Reimbursement Obligations and/or Non-Ratable Loans (and, if required, cash collateralize any undrawn Facility LC in the manner contemplated in
Section 2.1.2(j)) if at any time the Aggregate Credit Exposure exceeds the lesser of (i) the Aggregate Commitment and (ii) the Borrowing Base (or, until the 2010 Parent Notes are discharged or defeased in accordance with
Section 8.1 of the 2010 Parent Indenture, the amount permitted under and calculated in accordance with the definition of “Borrowing Base” in the 2010 Parent Indenture) to the extent required to eliminate such excess. 

(b) Sale of Assets. (i) Except as set forth in Section 2.15(b)(ii), immediately upon receipt by
the General Partner, the Borrower or any of its Subsidiaries of the Net Cash Proceeds of any asset disposition (other than (A) sales of inventory in the ordinary course of business and (B) up to $10,000,000 per Fiscal Year of Net Cash
Proceeds from sales of obsolete or worn-out property in the ordinary course of business), the General Partner or applicable Borrower shall prepay the Obligations, or shall cause the applicable Subsidiary to deliver funds to the Agent for application
to the Obligations, in an amount equal to all such Net Cash Proceeds. Any such prepayment shall be applied first, to pay the principal of the Overadvances and Protective Advances, second, to pay the principal of the Non-Ratable Loans
and third, to pay the principal of the Revolving Loans (including the Swingline Loans) without a concomitant reduction in the Aggregate Commitment. 
 (ii) So long as the 2010 Parent Indenture is in effect, notwithstanding Section 2.15(b)(i), if (x) the Borrower Representative delivers to the Agent a Reinvestment Notice with respect to
an asset disposition and (y) the Reinvestment Deferred Amount related thereto is deposited in a deposit account located at, and subject to control agreements in favor of, the Agent, then such Reinvestment Deferred Amount may be (i) used to
consummate Permitted Acquisitions and/or (ii) reinvested to acquire assets useful in the Borrower’s business (other than current assets); provided that on each 

  
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Reinvestment Prepayment Date, an amount equal to the Reinvestment Prepayment Amount with respect to the relevant asset disposition shall be applied toward the prepayment of the Obligations as set
forth in Section 2.15(b)(i). 
 (c) Issuance of Debt or Equity. If any Loan Party or any of
its respective Subsidiaries issues Capital Stock or Indebtedness (other than Indebtedness permitted by Sections 6.17(a),(c), (d), (e), (f), (g), (h), (j) and (k)), no later than the Business Day following the date of receipt of any Net
Cash Proceeds of such issuance or receipt of such dividend, distribution, loan or advance, the Borrower, or applicable Loan Party, shall prepay the Obligations in an amount equal to all such Net Cash Proceeds. Any such prepayment shall be applied
first, to pay the principal of the Overadvances and Protective Advances, second, to pay the principal of the Non-Ratable Loans and third, to pay the principal of the Revolving Loans (including the Swingline Loans) without a
concomitant reduction in the Aggregate Commitment. Notwithstanding the foregoing, so long as the 2010 Parent Indenture is in effect, all or any portion of any Net Cash Proceeds of any such issuance that is deposited in a deposit account located at,
and subject to control agreements in favor of, the Agent may be (i) used to consummate Permitted Acquisitions and/or (2) reinvested to repair, rebuild or purchase replacement property, in each case within 12 months after the receipt of
such Net Cash Proceeds, and if not so used or reinvested within such period, shall be applied as set forth in the first sentence of this Section 2.15(c). 

(d) Insurance/Condemnation Proceeds. Any insurance or condemnation proceeds to be applied to the Obligations in
accordance with Section 6.7(d) shall be applied as follows: (i) insurance proceeds from casualties or losses to cash or Inventory shall be applied, first, to the Overadvances and Protective Advances, pro rata, second,
to the Non-Ratable Loans, third, to the Revolving Loans (including the Swingline Loans), and fourth, to cash collateralize outstanding Facility LCs; and (ii) insurance or condemnation proceeds from casualties or losses to
Equipment, Fixtures and real Property shall be applied first, to pay the principal of the Overadvances and Protective Advances, second, to pay the principal of the Non-Ratable Loans and third, to pay the principal of the
Revolving Loans (including Swingline Loans). The Aggregate Commitment shall not be permanently reduced by the amount of any such prepayments. If the precise amount of insurance or condemnation proceeds allocable to Inventory as compared to
Equipment, Fixtures and real Property is not otherwise determined, the allocation and application of those proceeds shall be determined by the Agent, in its Permitted Discretion. Notwithstanding the foregoing, so long as the 2010 Parent Indenture is
in effect, all or any portion of such insurance or condemnation proceeds that is deposited in a deposit account located at, and subject to control agreements in favor of, the Agent may be (i) used to consummate Permitted Acquisitions and/or
(2) reinvested to repair, rebuild or purchase replacement property, in each case within 12 months after the receipt of such proceeds, and if not so used or reinvested within such period, shall be applied as set forth in the first sentence of
this Section 2.15(d). 
 (e) General. Without in any way limiting the foregoing, immediately
upon receipt by any Loan Party of proceeds of any sale of any Collateral, the Borrower shall cause such Loan Party to deliver such proceeds to the Agent, or deposit such proceeds in 

  
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a deposit account subject to a Deposit Account Control Agreement. All of such proceeds shall be applied as set forth above or otherwise as provided in Section 2.18. Nothing in this
Section 2.15 shall be construed to constitute Agent’s or any Lender’s consent to any transaction that is not permitted by other provisions of this Agreement or the other Loan Documents. 

2.16. Termination of the Commitments; Increase in Aggregate Commitment 

(a) Without limiting Section 2.3 or Section 8.1, (a) the Aggregate Commitment shall expire on
the Facility Termination Date and (b) the Aggregate Credit Exposure and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date. 

(b) The Borrower may terminate this Agreement with at least five Business Days’ prior written notice thereof to the
Agent and the Lenders, upon (i) the payment in full of all outstanding Loans, together with accrued and unpaid interest thereon, (ii) the cancellation and return of all outstanding Facility LCs (or alternatively, with respect to each such
Facility LC, the furnishing to the Agent of a cash deposit or Supporting Letter of Credit as required by Section 2.1.2(l)), (iii) the payment in full of all reimbursable expenses and other Obligations together with accrued and
unpaid interest thereon, and (iv) the payment in full of any amount due under Section 3.4. 

(c) The Borrower shall have the right to increase the Aggregate Commitment by obtaining additional Commitments, either
from one or more of the Lenders or another lending institution provided that (i) any such request for an increase shall be in a minimum amount of $25,000,000, (ii) the Aggregate Commitment does not exceed $400,000,000,
(iii) the Borrower may make a maximum of two such requests, (iv) the Agent has approved the identity of any such new Lender, such approval not to be unreasonably withheld, (v) any such new Lender assumes all of the rights and
obligations of a “Lender” hereunder, and (vi) the procedures described in Section 2.16(d) have been satisfied. 
 (d) Any amendment hereto to effect such an increase or addition shall be in form and substance satisfactory to the Agent and shall only require the written signatures of the Agent, the Borrower and the
Lender(s) being added or increasing their Commitment. As a condition precedent to such an increase, Borrower shall deliver to the Agent a certificate of each Loan Party (in sufficient copies for each Lender) signed by an authorized officer of such
Loan Party (i) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase, and (ii) in the case of the Borrower, certifying that, before and after giving effect to such increase,
(A) the representations and warranties contained in Article V and the other Loan Documents are true and correct, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true
and correct as of such earlier date, and (B) no Default or Unmatured Default exists. Promptly following the effectiveness of any such amendment, the Agent will provide a copy thereof to the Lenders. 

  
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 (e) Within a reasonable time after the effective date of any increase, the
Agent shall, and is hereby authorized and directed to, revise the Commitments set forth on Schedule I hereto to reflect such increase and shall distribute such revised schedule to each of the Lenders and the Borrower, whereupon such revised
schedule shall replace the old schedule and become part of this Agreement. On the Business Day on which any such increase becomes effective, all outstanding Floating Rate Advances and Eurodollar Advances shall be reallocated among the Lenders
(including any newly added Lenders) in accordance with the Lenders’ respective revised Pro Rata Shares (and shall be deemed repaid in connection with any such reallocation). 

2.17. Method of Payment 
 (a) All payments of the Obligations hereunder shall be made, without setoff, deduction, or counterclaim, in immediately available funds to the Agent at the Agent’s address specified pursuant to
Article XIII, or at any other Lending Installation of the Agent specified in writing by the Agent to the Borrower Representative, by noon (local time) on the date when due and shall be applied ratably by the Agent among the Lenders. Any
payment received by the Agent after such time shall be deemed to have been received on the following Business Day and any applicable interest or fee shall continue to accrue. Solely for purposes of determining the amount of Loans available for
borrowing purposes, checks and cash or other immediately available funds from collections of items of payment and proceeds of any Collateral shall be applied in whole or in part against the Obligations, on the day of receipt, subject to actual
collection. Each payment delivered to the Agent for the account of any Lender shall be delivered promptly by the Agent to such Lender in the same type of funds that the Agent received at its address specified pursuant to Article XIII
or at any Lending Installation specified in a notice received by the Agent from such Lender. 
 (b) At the
election of the Agent, all payments of principal, interest, reimbursement obligations in connection with Facility LCs, fees, premiums, reimbursable expenses (including, without limitation, all reimbursement for fees and expenses pursuant to
Section 9.6), and other sums payable under the Loan Documents, may be paid from the proceeds of Advances made hereunder whether made following a request by the Borrower Representative pursuant to Section 2.1 or a deemed
request as provided in this Section 2.17 or may be deducted from the Funding Account or any other deposit account of the Borrower maintained with the Agent. The Borrower hereby irrevocably authorizes (i) the Agent to make an Advance
for the purpose of paying each payment of principal, interest and fees as it becomes due hereunder or any other amount due under the Loan Documents and agrees that all such amounts charged shall constitute Loans (including Non-Ratable Loans,
Swingline Loans, Overadvances and Protective Advances) and that all such Advances shall be deemed to have been requested pursuant to Section 2.1 and (ii) the Agent to charge the Funding Account or any other deposit account of the
Borrower maintained with Chase for each payment of principal, interest and fees as it becomes due hereunder or any other amount due under the Loan Documents. 

  
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 2.18. Apportionment, Application, and Reversal of Payments. Except as otherwise
required pursuant to Section 2.19, principal and interest payments shall be apportioned ratably among the Lenders as set forth in this Article II and payments of the fees shall, as applicable, be apportioned ratably among the Lenders,
except for fees payable solely to the Agent or the LC Issuer and except as provided in Section 2.10(c). All payments shall be remitted to the Agent and all such payments not relating to principal or interest of specific Loans or not
constituting payment of specific fees as specified by the Borrower Representative, and all proceeds of any Collateral received by the Agent, shall be applied, ratably, subject to the provisions of this Agreement, first, to pay any fees,
indemnities, or expense reimbursements including amounts then due to the Agent from the Borrower (other than in connection with Rate Management Transactions and Banking Services), second, to pay any fees or expense reimbursements then due to
the Lenders from the Borrower (other than in connection with Rate Management Transactions and Bank Services), third, to pay interest due in respect of the Overadvances and Protective Advances, fourth, to pay the principal of the
Overadvances and Protective Advances, fifth, to pay interest due in respect of the Non-Ratable Loans, sixth, to pay interest due in respect of the Revolving Loans and Swingline Loans (other than Non-Ratable Loans, Overadvances and
Protective Advances), seventh, to pay or prepay principal of the Non-Ratable Loans, eighth, to pay or prepay principal of the Revolving Loans and Swingline Loans (other than Non-Ratable Loans, Overadvances and Protective Advances) and
unpaid reimbursement obligations in respect of Facility LCs, ninth, to pay an amount to the Agent equal to one hundred five percent (105%) of the aggregate undrawn face amount of all outstanding Facility LCs and the aggregate amount of
any unpaid reimbursement obligations in respect of Facility LCs, to be held as cash collateral for such Obligations, tenth, to payment of any amounts owing with respect to obligations of the Loan Parties in respect of any Rate Management
Transactions (including Commodity Hedging Agreements) and Banking Services that are secured by the Collateral, and eleventh, to the payment of any other Secured Obligation due to the Agent or any Lender by the Borrower. Notwithstanding
anything to the contrary contained in this Agreement, unless so directed by the Borrower Representative, or unless a Default is in existence, neither the Agent nor any Lender shall apply any payment which it receives to any Eurodollar Loan, except
(a) on the expiration date of the Interest Period applicable to any such Eurodollar Loan or (b) in the event, and only to the extent, that there are no outstanding Floating Rate Loans and, in any event, the Borrower shall pay the
Eurodollar breakage losses in accordance with Section 3.4. The Agent and the Lenders shall have the continuing and exclusive right to apply and reverse and reapply any and all such proceeds and payments to any portion of the Secured
Obligations. 
 2.19. Settlement. Each Lender’s funded portion of the Loans is intended by the Lenders to be equal
at all times to such Lender’s Pro Rata Share of the outstanding Loans. Notwithstanding such agreement, the Agent, Chase, and the Lenders agree (which agreement shall not be for the benefit of or enforceable by the Loan Parties) that in order to
facilitate the administration of this Agreement and the other Loan Documents, settlement among them as to the Loans, including the Non-Ratable Loans, Swingline Loans and Overadvances shall take place on a periodic basis as follows. The Agent shall
request settlement (a “Settlement”) with the Lenders on at least a weekly basis, or on a more frequent basis at the Agent’s election, by notifying the Lenders of such requested Settlement by telecopy, telephone, or e-mail no
later than 12:00 noon (Chicago time) on the date of such requested Settlement (the “Settlement Date”). Each Lender (other than 

  
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the Agent, in the case of the Non-Ratable Loans, Swingline Loans and Overadvances) shall transfer the amount of such Lender’s Pro Rata Share of the outstanding principal amount of the
applicable Loan with respect to which Settlement is requested to the Agent, to such account of the Agent as the Agent may designate, not later than 2:00 p.m. (Chicago time), on the Settlement Date applicable thereto. Settlements may occur during the
existence of a Default or an Unmatured Default and whether or not the applicable conditions precedent set forth in Section 4.2 have then been satisfied. Such amounts transferred to the Agent shall be applied against the amounts of the
applicable Loan and, together with Chase’s Pro Rata Share of such Non-Ratable Loan, Swingline Loan or Overadvance, shall constitute Revolving Loans of such Lenders, respectively. If any such amount is not transferred to the Agent by any Lender
on the Settlement Date applicable thereto, the Agent shall be entitled to recover such amount on demand from such Lender together with interest thereon as specified in Section 2.23. 

2.20. Indemnity for Returned Payments. If after receipt of any payment which is applied to the payment of all or any part of the
Obligations, the Agent or any Lender is for any reason compelled to surrender such payment or proceeds to any Person because such payment or application of proceeds is invalidated, declared fraudulent, set aside, determined to be void or voidable as
a preference, impermissible setoff, or a diversion of trust funds, or for any other reason, then the Obligations or part thereof intended to be satisfied shall be revived and continued and this Agreement shall continue in full force as if such
payment or proceeds had not been received by the Agent or such Lender and the Borrower shall be liable to pay to the Agent and the Lenders, and the Borrower hereby indemnifies the Agent and the Lenders and holds the Agent and the Lenders harmless
for the amount of such payment or proceeds surrendered. The provisions of this Section 2.20 shall be and remain effective notwithstanding any contrary action which may have been taken by the Agent or any Lender in reliance upon such
payment or application of proceeds, and any such contrary action so taken shall be without prejudice to the Agent’s and the Lenders’ rights under this Agreement and shall be deemed to have been conditioned upon such payment or application
of proceeds having become final and irrevocable. The provisions of this Section 2.20 shall survive the termination of this Agreement. 
 2.21. Noteless Agreement; Evidence of Indebtedness. 
 (a)
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 from time to time, including the amounts of principal and
interest payable and paid to such Lender from time to time hereunder. 
 (b) The Agent shall also maintain
accounts in which it will record (i) the amount of each Loan extended hereunder, the Type thereof, the name of the Borrower who requested such Loan and the Interest Period with respect 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, (iii) the original stated amount of each Facility LC and the amount of LC Obligations outstanding at any time, and (iv) the amount of any sum received
by the Agent hereunder from the Borrower and each Lender’s share thereof. 

  
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 (c) The entries maintained in the accounts maintained pursuant to paragraphs
(a) and (b) above shall, absent manifest error, be prima facie evidence of the existence and amounts of the Obligations therein recorded; provided however, that the failure of the Agent or any Lender to maintain such accounts
or any error therein shall not in any manner affect the obligation of the Borrower to repay the Obligations in accordance with their terms. The Agent shall, in accordance with its regular practice, deliver to the Borrower periodic statements with
respect to the accounts maintained pursuant to paragraphs (a) and (b) above. 
 (d) Any Lender may
request that its Revolving Loans be evidenced by a promissory note in substantially the form of Exhibit C (a “Note”). In such event, the Borrower shall prepare, execute and deliver to such Lender such Note payable to the
order of such Lender. Thereafter, the Revolving Loans evidenced by such Note and interest thereon shall at all times (prior to any assignment pursuant to Section 12.3) be represented by one or more Notes payable to the order of the payee
named therein, except to the extent that any such Lender subsequently returns any such Note for cancellation and requests that such Revolving Loans once again be evidenced as described in paragraphs (a) and (b) above. 

2.22. Lending Installations. Each Lender may book its Loans and its participation in any LC Obligations and the LC Issuer may book
the Facility LCs at any Lending Installation selected by such Lender or the LC Issuer, as the case may be, and may change its Lending Installation from time to time; provided, however, such selection shall not increase, if otherwise
reasonably avoidable, the Borrower’s costs under Article III. All terms of this Agreement shall apply to any such Lending Installation and the Loans, Facility LCs, Reimbursement Obligations and any Notes issued hereunder shall be deemed held by
each Lender or the LC Issuer, as the case may be, for the benefit of any such Lending Installation. Each Lender and the LC Issuer may, by written notice to the Agent and the Borrower Representative in accordance with Article XIII, designate
replacement or additional Lending Installations through which Loans will be made by it or Facility LCs will be issued by it and for whose account Loan payments or payments with respect to Facility LCs are to be made. 

2.23. Non-Receipt of Funds by the Agent; Defaulting Lenders. 

(a) Unless the Borrower Representative or a Lender, as the case may be, notifies the Agent prior to the date on which it
is scheduled to make payment to the Agent of (i) in the case of a Lender, the proceeds of a Loan or (ii) in the case of the Borrower, a payment of principal, interest or fees to the Agent for the account of the Lenders, that it does not
intend to make such payment, the Agent may assume that such payment has been made. The Agent may, but shall not be obligated to, make the amount of such payment available to the intended recipient in reliance upon such assumption. If such

  
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Lender or the Borrower, as the case may be, has not in fact made such payment to the Agent, the recipient of such payment shall, on demand by the Agent, repay to the Agent the amount so made
available together with interest thereon in respect of each day during the period commencing on the date such amount was so made available by the Agent until the date the Agent recovers such amount at a rate per annum equal to (x) in the case
of payment by a Lender, the Federal Funds Effective Rate for such day for the first three days and, thereafter, the interest rate applicable to the relevant Loan or (y) in the case of payment by the Borrower, the interest rate applicable to the
relevant Loan. 
 (b) Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a
Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: 

(i) fees shall cease to accrue on the unfunded portion of the Commitment of such Defaulting Lender pursuant to
Section 2.10(a); 
 (ii) the Commitment and Credit Exposure of such Defaulting Lender shall not be
included in determining whether all Lenders or the Required Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 8.3), provided that any waiver, amendment or
modification requiring the consent of all Lenders or each affected Lender which affects such Defaulting Lender differently than other affected Lenders shall require the consent of such Defaulting Lender; 

(c) If any exposure in respect of Swingline Loans or Letters of Credit (“Swingline Exposure” and
“LC Exposure”, respectively) exists at the time a Lender becomes a Defaulting Lender then: 

(i) all or any part of such exposure shall be reallocated among the non-Defaulting Lenders in accordance with their
respective Pro Rata Share but only to the extent (x) the sum of all non-Defaulting Lenders’ Credit Exposures plus such Defaulting Lender’s Swingline Exposure and LC Exposure does not exceed the total of all non-Defaulting
Lenders’ Commitments and (y) the conditions set forth in Section 4.2 are satisfied at such time; 
 (ii) if the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrower shall within one Business Day following notice by the Agent (x) first, prepay such
Swingline Exposure and (y) second, cash collateralize such Defaulting Lender’s LC Exposure (after giving effect to any partial reallocation pursuant to clause (i) above) in accordance with the procedures set forth in
Section 2.1.2(j) for so long as such LC Exposure is outstanding; 
 (iii) if the Borrower cash
collateralizes any portion of such Defaulting Lender’s LC Exposure pursuant to Section 2.23(c)(ii), the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.10(b) with respect to
such Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC Exposure is cash collateralized; 

  
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 (iv) if the LC Exposure of the non-Defaulting Lenders is reallocated
pursuant to Section 2.23(c)(i), then the fees payable to the Lenders pursuant to Section 2.10(a) and Section 2.10(b) shall be adjusted in accordance with such non-Defaulting Lenders’ Pro Rata Share; and

 (v) if any Defaulting Lender’s LC Exposure is neither cash collateralized nor reallocated pursuant to
Section 2.23(c)(i), then, without prejudice to any rights or remedies of the LC Issuer or any Lender hereunder, all Unused Commitment Fees that otherwise would have been payable to such Defaulting Lender (solely with respect to the
portion of such Defaulting Lender’s Commitment that was utilized by such LC Exposure) and Letter of Credit fees payable under Section 2.10(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to the LC
Issuer until such LC Exposure is cash collateralized and/or reallocated. 
 (d) So long as any Lender is a
Defaulting Lender, the Agent shall not be required to fund any Swingline Loan and the LC Issuer shall not be required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure will be 100% covered by the
Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Borrower in accordance with Section 2.23(c)(ii), and participating interests in any such newly issued or increased Letter of Credit or newly made
Swingline Loan shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.23(c)(i) (and Defaulting Lenders shall not participate therein). 

(e) Any amount payable to such Defaulting Lender hereunder (whether on account of principal, interest, fees or otherwise
and including any amount that would otherwise be payable to such Defaulting Lender pursuant to Section 2.18) shall, in lieu of being distributed to such Defaulting Lender, be retained by the Agent in a segregated account and, subject to
any applicable requirements of law, be applied at such time or times as may be determined by the Agent (i) first, to the payment of any amounts owing by such Defaulting Lender to the Agent hereunder, (ii) second, pro rata, to the payment
of any amounts owing by such Defaulting Lender to the LC Issuer hereunder, (iii) third, if so determined by the Agent or requested by an LC Issuer, held in such account as cash collateral for future funding obligations of the Defaulting Lender
in respect of any existing or future participating interest in any Swingline Loan or Letter of Credit, (iv) fourth, to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this
Agreement, as determined by the Agent, (v) fifth, if so determined by the Agent and the Borrower, held in such account as cash collateral for future funding obligations of the Defaulting Lender in respect of any Loans under this Agreement,
(vi) sixth, to the payment of any amounts owing to the Agent, the Lenders or an LC Issuer as a result of any judgment of a court of competent jurisdiction obtained by the Agent, any Lender or such LC Issuer against such Defaulting Lender as a
result of such Defaulting Lender’s breach of its obligations under this Agreement, (vii) seventh, to the payment of any amounts owing to the Borrower as a result of any 

  
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judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement,
and (viii) eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that, with respect to this clause (viii), that if such payment is (x) a prepayment of the principal amount of any
Loans or reimbursement obligations in respect of Letters of Credit which a Defaulting Lender has funded its participation obligations and (y) made at a time when the conditions set forth in Section 4.2 are satisfied, such payment
shall be applied solely to prepay the Loans of, and reimbursement obligations owed to, all non-Defaulting Lenders pro rata prior to being applied to the prepayment of any Loans, or reimbursement obligations owed to, any Defaulting Lender.

 In the event that the Agent, the Borrower and the LC Issuer each agrees that a Defaulting Lender has
adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Swingline Exposure and LC Exposure of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment and on such date such Lender
shall purchase at par such of the Loans of the other Lenders (other than Swingline Loans) as the Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Pro Rata Share. The operation of this
Section shall not be construed to increase or otherwise affect the Commitment of any Lender, to relieve or excuse the performance by such Defaulting Lender or any other Lender of its duties and obligations hereunder. 

2.24. Limitation of Interest. The Borrower, the Agent and the Lenders intend to strictly comply with all applicable laws,
including applicable usury laws. Accordingly, the provisions of this Section 2.24 shall govern and control over every other provision of this Agreement or any other Loan Document which conflicts or is inconsistent with this
Section 2.24, even if such provision declares that it controls. As used in this Section 2.24, the term “interest” includes the aggregate of all charges, fees, benefits or other compensation which constitute interest
under applicable law, provided that, to the maximum extent permitted by applicable law, (a) any non-principal payment shall be characterized as an expense or as compensation for something other than the use, forbearance or detention of
money and not as interest, and (b) all interest at any time contracted for, reserved, charged or received shall be amortized, prorated, allocated and spread, in equal parts during the full term of the Obligations. In no event shall the Borrower
or any other Person be obligated to pay, or any Lender have any right or privilege to reserve, receive or retain, (a) any interest in excess of the maximum amount of nonusurious interest permitted under the laws of the State of New York or the
applicable laws (if any) of the U.S. or of any other applicable state, or (b) total interest in excess of the amount which such Lender could lawfully have contracted for, reserved, received, retained or charged. 

2.25. Applicable Mortgage Minimum Amount. Notwithstanding anything to the contrary in this Agreement, (a) the Borrower shall
not optionally prepay or reduce the Aggregate Credit Exposure pursuant to Section 2.14 to the extent that, after giving effect thereto, the Aggregate Credit Exposure would be less than the Applicable

  
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Mortgage Minimum Amount and (b) to the extent that the Aggregate Credit Exposure exceeds the Applicable Mortgage Minimum Amount at the time of any Credit Extension under this Agreement as a
result of the requirements of Section 2.15, the Borrower shall, as a condition to each such Credit Extension, pay all mortgages recording taxes, documentary stamp taxes, intangible taxes and other similar taxes payable under the
Applicable Mortgages in connection such Credit Extension. 
 ARTICLE III 

YIELD PROTECTION; TAXES 
 3.1. Yield Protection. If, on or after the Effective Date, the adoption of any law or any governmental or quasi-governmental rule, regulation, policy, guideline or directive (whether or not having
the force of law), or any change in the interpretation or administration thereof by any governmental or quasi-governmental authority, central bank or comparable agency charged with the interpretation or administration thereof or and any group or
body charged with setting financial accounting or regulatory capital rules or standards (including, without limitation, the Financial Accounting Standards Board, the Bank for International Settlements or the Basel Committee on Banking Supervision or
any successor or similar authority to any of the foregoing) or compliance by any Lender or applicable Lending Installation or the LC Issuer with any request or directive (whether or not having the force of law) of any such authority, central bank or
comparable agency or and any group or body charged with setting financial accounting or regulatory capital rules or standards (including, without limitation, the Financial Accounting Standards Board, the Bank for International Settlements or the
Basel Committee on Banking Supervision or any successor or similar authority to any of the foregoing) made after the Effective Date: 
 (a) subjects any Lender or any applicable Lending Installation or the LC Issuer to any Taxes, or changes the basis of taxation of payments (other than with respect to Excluded Taxes) to any Lender or the
LC Issuer in respect of its Eurodollar Loans, Facility LCs or participations therein, or 
 (b) imposes or
increases or deems applicable any reserve, assessment, insurance charge, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender or any applicable Lending Installation or the
LC Issuer (other than reserves and assessments taken into account in determining the interest rate applicable to Eurodollar Advances), or 
 (c) imposes any other condition the result of which is to increase the cost to any Lender or any applicable Lending Installation or the LC Issuer of making, funding, converting to, continuing or
maintaining its Eurodollar Loans, or of issuing or participating in Facility LCs, or reduces any amount receivable by any Lender or any applicable Lending Installation or the LC Issuer in connection with its Eurodollar Loans, Facility LCs or
participations therein, or requires any Lender or any applicable Lending Installation or the LC Issuer to make any payment calculated by reference to the amount of Eurodollar Loans, Facility LCs or participations therein held or interest or LC Fees
received by it, by an amount deemed material by such Lender or the LC Issuer as the case may be, 

  
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 and the result of any of the foregoing is to increase the cost to such Lender or applicable
Lending Installation or the LC Issuer, as the case may be, of making, converting to, continuing or maintaining its Eurodollar Loans or Commitment or of issuing or participating in Facility LCs or to reduce the return received by such Lender or
applicable Lending Installation or the LC Issuer, as the case may be, in connection with such Eurodollar Loans, Commitment, Facility LCs or participations therein, then, within fifteen days of demand by such Lender or the LC Issuer, as the case may
be, the Borrower shall pay such Lender or the LC Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the LC Issuer, as the case may be, for such increased cost or reduction in amount received.
Notwithstanding anything to the contrary in this Section 3.1, the Borrower shall not be required to compensate a Lender pursuant to this Section 3.1 for any amounts incurred more than six months prior to the date that such
Lender notifies the Borrower of such Lender’s intention to claim compensation therefore; and provided that, if the circumstances giving rise to such claim have a retroactive effect, then such six-month period shall be extended to include
the period of such retroactive effect. If any Lender becomes entitled to claim any additional amounts pursuant to this Section 3.1, it shall promptly notify the Borrower (with a copy to the Agent) of the event by reason of which it has
become so entitled and shall include in such notice a calculation of such additional amounts in reasonable detail. Notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all
requests, rules, guidelines, requirements or directives thereunder or issued in connection therewith (whether or not having the force of law) or in implementation thereof, and (ii) all requests, rules, regulations, guidelines, interpretations,
requirements, interpretations and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities (whether or
not having the force of law), in each case pursuant to Basel III, shall, in each case, be deemed to be Change, regardless of the date enacted, adopted, issued or implemented. 
 3.2. Changes in Capital Adequacy Regulations. If a Lender or the LC Issuer determines the amount of capital required or expected to be maintained by such Lender or the LC Issuer, any Lending
Installation of such Lender or the LC Issuer, or any corporation controlling such Lender or the LC Issuer is increased as a result of a Change, then, within fifteen days of demand by such Lender or the LC Issuer, the Borrower shall pay such Lender
or the LC Issuer the amount necessary to compensate for any shortfall in the rate of return on the portion of such increased capital which such Lender or the LC Issuer determines is attributable to this Agreement, its Credit Exposure or its
Commitment to make Loans and issue or participate in Facility LCs or Swingline loans, as the case may be, hereunder (after taking into account such Lender’s or the LC Issuer’s policies as to capital adequacy); provided that
notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, regulations, guidelines, interpretations or directives thereunder or issued in connection therewith
(whether or not having 

  
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the force of law) and (y) all requests, rules, regulations, guidelines, interpretations or directives promulgated by the Bank of International Settlements, the Basel Committee on Banking
Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities (whether or not having the force of law), in each case pursuant to Basel III, shall in each case be deemed to be a Change regardless of the
date enacted, adopted, issued, promulgated or implemented. “Change” means (i) any change after the date of this Agreement in the Risk-Based Capital Guidelines (as defined below) or (ii) any adoption of or change in any
other law, governmental or quasi-governmental rule, regulation, policy, guideline, interpretation, or directive (whether or not having the force of law) after the date of this Agreement which affects the amount of capital required or expected to be
maintained by any Lender or the LC Issuer or any Lending Installation or any corporation controlling any Lender or the LC Issuer. “Risk-Based Capital Guidelines” means (i) the risk-based capital guidelines in effect in the U.S.
on the date of this Agreement, including transition rules, and (ii) the corresponding capital regulations promulgated by regulatory authorities outside the U.S. implementing the June 2006 document of the Basel Committee on Banking Regulation
and Supervisory Practices entitled “Basel II: International Convergence of Capital Measurements and Capital Standards: A Revised Framework – Comprehensive Version,” including transition rules, and any amendments to such regulations
adopted prior to the date of this Agreement. Notwithstanding anything herein or otherwise to the contrary, the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder or
issued in connection therewith or in implementation thereof, shall in each case be deemed to be a “Change”, regardless of the date enacted, adopted, issued or implemented. 

3.3. Availability of Types of Advances. If any Lender determines that maintenance of its Eurodollar Loans at a suitable Lending
Installation would violate any applicable law, rule, regulation, or directive, whether or not having the force of law, or if the Required Lenders determine that (i) deposits of a type and maturity appropriate to match fund Eurodollar Advances
are not available or (ii) the interest rate applicable to Eurodollar Advances does not accurately reflect the cost of making or maintaining Eurodollar Advances, then the Agent shall suspend the availability of Eurodollar Advances and require
any affected Eurodollar Advances to be repaid or converted to Floating Rate Advances, subject to the payment of any funding indemnification amounts required by Section 3.4. 

3.4. Funding Indemnification. If any payment of a Eurodollar Advance occurs on a date which is not the last day of the applicable
Interest Period, whether because of acceleration, prepayment or otherwise, or a Eurodollar Advance is not made on the date specified by the Borrower Representative for any reason other than default by the Lenders, the Borrower will indemnify each
Lender for any loss or cost incurred by it resulting therefrom, including, without limitation, any loss or cost in liquidating or employing deposits acquired to fund or maintain such Eurodollar Advance. 

  
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 3.5. Taxes. 

(a) All payments by the Borrower to or for the account of any Lender, the LC Issuer or the Agent hereunder or under any
Note or Facility LC Application shall be made free and clear of and without deduction or withholding for or on account of any and all Taxes. If the Borrower shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder
to any Lender, the LC Issuer or the Agent, (a) 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 3.5) such
Lender, the LC Issuer or the Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (b) the Borrower shall make such deductions, (c) the Borrower shall pay the full amount
deducted to the relevant authority in accordance with applicable law and (d) the Borrower shall furnish to the Agent a certified copy of all official receipts evidencing payment thereof as promptly as possible but in any case within thirty days
after such payment is made. 
 (b) In addition, the Borrower hereby agrees to pay any present or future stamp or
documentary taxes and any other excise or property taxes, charges or similar levies which arise from any payment made hereunder or under any Note or Facility LC Application or from the execution, delivery or enforcement of, or otherwise with respect
to, this Agreement or any Note or Facility LC Application (“Other Taxes”). The Borrower shall furnish to the Agent a certified copy of all official receipts evidencing payment thereof as promptly as possible but in any case within
thirty days after such payment is made. 
 (c) The Borrower hereby agrees to indemnify the Agent, the LC Issuer
and each Lender for (i) the full amount of Taxes or Other Taxes (including, without limitation, any Taxes or Other Taxes imposed on amounts payable under this Section 3.5) paid by the Agent, the LC Issuer or such Lender as a result
of its Commitment, any Loans made by it hereunder, any Facility LC issued hereunder or otherwise in connection with its participation in this Agreement and any liability (including penalties, interest and reasonable expenses) arising therefrom or
with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally imposed or asserted and (ii) for any incremental taxes, interest or penalties arising from Borrower’s failure to pay any Taxes or Other Taxes when due
or failure to remit to the Agent the required receipts or other required documentary evidence, except to the extent that they are determined in a final non-appealable judgment by a court of competent jurisdiction to have resulted from the gross
negligence or willful misconduct of the party seeking indemnification. Payments due under this indemnification shall be made within thirty days of the date the Agent, the LC Issuer or such Lender makes demand therefor pursuant to
Section 3.6. 
 (d) Each Lender and LC Issuer shall indemnify the Agent within 10 days after demand
therefor, for the full amount of any Taxes attributable to such Lender that are payable or paid by the Agent, and reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted
by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Agent shall be conclusive absent manifest error. 

(e) Each Lender that is not incorporated under the laws of the U.S. or a state thereof (each a “Non-U.S.
Lender”) agrees that it will, not more than ten Business Days 

  
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after the date of this Agreement, (i) deliver to the Agent either (x) two duly completed copies of U.S. Internal Revenue Service Form W-8BEN or W-8ECI, certifying in either case that
such Lender is entitled to receive payments under this Agreement without deduction or withholding of any, or is subject to a reduced rate of withholding of, U.S. federal income taxes, or (y) if claiming an exemption from U.S. withholding tax
under Section 871(h) or 881(c) of the Internal Revenue Code, a duly completed copy of the U.S. Internal Revenue Service Form W-8BEN and a properly executed certificate representing that such Non-U.S. Lender is not a “bank” for
purposes of Section 881(c) of the Internal Revenue Code, does not hold a ten percent (10%) interest in the capital or profits of the Borrower within the meaning of Section 871(h)(3)(B) of the Internal Revenue Code, and is not a
controlled foreign corporation related to the Borrower within the meaning of Section 864(d)(4) of the Internal Revenue Code and (ii) deliver to the Agent a U.S. Internal Revenue Form W-8 or W-9, as the case may be, and certify that it is
entitled to an exemption from U.S. backup withholding tax. Each Non-U.S. Lender further undertakes to deliver to each of the Borrower Representative and the Agent (x) renewals or additional copies of such form (or any successor form) on or
before the date that such form expires or becomes obsolete, and (y) after the occurrence of any event requiring a change in the most recent forms so delivered by it, such additional forms or amendments thereto as may be reasonably requested by
the Borrower Representative or the Agent. All forms or amendments described in the preceding sentence shall certify that such Lender is entitled to receive payments under this Agreement without deduction or withholding of any, or is subject to a
reduced rate of withholding of, U.S. federal income taxes, unless an event (including without limitation any change in treaty, law or regulation) has occurred prior to the date on which any such delivery would otherwise be required which
renders all such forms inapplicable or which would prevent such Lender from duly completing and delivering any such form or amendment with respect to it and such Lender advises the Borrower Representative and the Agent that it is not capable of
receiving payments without any deduction or withholding, or at the reduced rate of withholding, of U.S. federal income tax. Notwithstanding any other provision of this paragraph, a Non-U.S. Lender shall not be required to deliver any form pursuant
to this paragraph that such Non-U.S. Lender is not legally able to deliver. 
 (f) For any period during which a
Non-U.S. Lender has failed to provide the Borrower Representative with an appropriate form pursuant to clause (d), above (unless such failure is due to a change in treaty, law or regulation, or any change in the interpretation or administration
thereof by any governmental authority, occurring subsequent to the date on which a form originally was required to be provided), such Non-U.S. Lender shall not be entitled to indemnification under this Section 3.5 with respect to Taxes
imposed by the U.S.; provided that, should a Non-U.S. Lender which is otherwise exempt from or subject to a reduced rate of withholding tax become subject to Taxes because of its failure to deliver a form required under clause (d), above, the
Borrower shall, at the expense of such Non-U.S. Lender, take such steps as such Non-U.S. Lender shall reasonably request to assist such Non-U.S. Lender to recover such Taxes. 

(g) Any Lender that is entitled to an exemption from or reduction of withholding tax with respect to payments under this
Agreement or any Note pursuant to the law of any 

  
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relevant jurisdiction or any treaty shall deliver to the Borrower Representative (with a copy to the Agent), at the time or times prescribed by applicable law, such properly completed and
executed documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate. 
 3.6. Lender Statements; Survival of Indemnity. To the extent reasonably possible, each Lender shall designate an alternate Lending Installation with respect to its Eurodollar Loans to reduce any
liability of the Borrower to such Lender under Sections 3.1, 3.2 and 3.5 or to avoid the unavailability of Eurodollar Advances under Section 3.3, (subject to overall policy considerations of such Lender); provided,
that such designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its lending office(s) to suffer no economic, legal or regulatory disadvantage, and provided, further, that nothing in this Section shall affect
or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to Section 3.1, 3.2, 3.4 or 3.5. Each Lender shall deliver a written statement of such Lender to the Borrower Representative
(with a copy to the Agent) as to the amount due, if any, under Section 3.1, 3.2, 3.4 or 3.5. Such written statement shall set forth in reasonable detail the calculations upon which such Lender determined such amount
and shall be final, conclusive and binding on the Borrower in the absence of manifest error. Determination of amounts payable under such Sections in connection with a Eurodollar Loan shall be calculated as though each Lender funded its Eurodollar
Loan through the purchase of a deposit of the type and maturity corresponding to the deposit used as a reference in determining the Eurodollar Rate applicable to such Loan, whether in fact that is the case or not. Unless otherwise provided herein,
the amount specified in the written statement of any Lender shall be payable on demand after receipt by the Borrower Representative of such written statement. The obligations of the Borrower under Sections 3.1, 3.2, 3.4 and
3.5 shall survive payment of the Obligations and termination of this Agreement. 
 3.7. Replacement of Lender. If
the Borrower is required pursuant to Section 3.1, 3.2 or 3.5 to make any additional payment to any Lender or if any Lender’s obligation to make or continue, or to convert Floating Rate Advances into, Eurodollar
Advances shall be suspended pursuant to Section 3.3 or if any Lender is a Defaulting Lender (any such Lender, an “Affected Lender”), the Borrower may elect, if such amounts continue to be charged or such suspension is
still effective, to replace such Affected Lender as a Lender party to this Agreement, provided that, no Default or Unmatured Default shall have occurred and be continuing at the time of such replacement, and provided further that,
concurrently with such replacement, (i) another bank or other entity which is reasonably satisfactory to the Borrower and the Agent shall agree, as of such date, to purchase for cash the Advances and other Obligations due to the Affected Lender
pursuant to an Assignment Agreement (and a Defaulting Lender shall be deemed to have executed and delivered such Assignment Agreement if it fails to do so) and to become a Lender for all purposes under this Agreement and to assume all obligations of
the Affected Lender to be terminated as of such date and to comply with the requirements of Section 12.3 applicable to assignments, and (ii) the Borrower shall pay to such Affected Lender in same day funds on the day of such
replacement (A) all interest, fees and other amounts then accrued but unpaid to such Affected Lender by the Borrower hereunder to and including the date of termination, including 

  
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without limitation payments due to such Affected Lender under Sections 3.1, 3.2 and 3.5, and (B) an amount, if any, equal to the payment which would have been due to
such Lender on the day of such replacement under Section 3.4 had the Loans of such Affected Lender been prepaid on such date rather than sold to the replacement Lender. 

ARTICLE IV 

CONDITIONS PRECEDENT 
 4.1. Effectiveness. This Agreement will not become effective unless the Loan Parties have satisfied each of the following conditions in a manner satisfactory to the Agent and the Lenders, and with
respect to any condition requiring delivery of any agreement, certificate, document, or instrument, the Loan Parties shall have furnished to the Agent sufficient copies of any such agreement, certificate, document, or instrument for distribution to
the Lenders. 
 (a) This Agreement or counterparts hereof shall have been duly executed by each Loan Party and
the Agent, and the Agent shall have received duly executed copies of the Loan Documents and such other documents, instruments, agreements and legal opinions as the Agent shall reasonably request in connection with the transactions contemplated by
this Agreement and the other Loan Documents, each in form and substance reasonably satisfactory to the Agent. 

(b) Each Loan Party shall have delivered copies of its articles or certificate of incorporation or organization, together
with all amendments, and a certificate of good standing, each certified by the appropriate governmental officer in its jurisdiction of incorporation or organization. 

(c) Each Loan Party shall have delivered copies, certified by its Secretary or Assistant Secretary, of its by-laws or
operating, management or partnership agreement and of its Board of Directors’ resolutions or the resolutions of its members and of resolutions or actions of any other body authorizing the execution, delivery and performance of the Loan
Documents to which such Loan Party is a party. 
 (d) Each Loan Party shall have delivered an incumbency
certificate, executed by its Secretary or Assistant Secretary, which shall identify by name and title and bear the signatures of the Authorized Officers and any other officers such Loan Party authorized to sign the Loan Documents to which such Loan
Party is a party, upon which certificate the Agent and the Lenders shall be entitled to rely until informed of any change in writing by such Loan Party. 
 (e) The Borrower shall have delivered a certificate, signed by the chief financial officer of the Borrower, on the initial Credit Extension Date (i) stating that no Default or Unmatured Default has
occurred and is continuing, (ii) stating that the representations and warranties contained in Article V are true and correct as of such Credit Extension Date, (iii) specifying the deposit account at Chase which shall be used as the
Funding Account, (iv) certifying that the condition set forth in clause (t) below has been met, and (v) certifying any other factual matters as may be reasonably requested by the Agent or any Lender. 

  
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 (f) The Loan Parties shall have delivered a written legal opinion of the
Loan Parties’ counsel, addressed to the Agent, the LC Issuer and the Lenders in substantially the form of Exhibit D and the legal opinion of such other special and local counsel as may be required by the Agent. 

(g) The Borrower shall have delivered any Notes requested by a Lender pursuant to Section 2.21 payable to the
order of each such requesting Lender. 
 (h) The Borrower shall have delivered money transfer authorizations as
the Agent may have reasonably requested. 
 (i) The Agent shall have received the results of a recent Lien and
other searches that the Agent deems necessary and such searches shall reveal no Liens on any of the assets of the Loan Parties except for Permitted Liens or Liens discharged on or prior to the Effective Date pursuant to documentation satisfactory to
the Agent, the Loan Parties shall have delivered UCC termination statements or amendments to existing UCC financing statements with respect to any filings against the Collateral as may be requested by the Agent and shall have authorized the filing
of such termination statements or amendments, the Agent shall have been authorized to file any UCC financing statements that the Agent deems necessary to perfect its Liens in the Collateral and Liens creating a first priority security interest in
the Collateral in favor of the Agent shall be in proper form for filing, registration or recordation. 
 (j) The
Borrower Representative shall have delivered a Borrowing Base Certificate which calculates the Borrowing Base and the “Borrowing Base” as defined in the 2010 Parent Indenture, in each case as of the end of the Business Day immediately
preceding the Effective Date. 
 (k) The Borrower shall have delivered to the Agent the Borrower’s most
recent projected income statement, balance sheet and cash flows for the period through the end of the 2015 Fiscal Year (which shall have been prepared on a monthly basis through the first year after the Effective Date and yearly thereafter).

 (l) All legal (including tax implications) and regulatory matters, including, but not limited to compliance
with applicable requirements of Regulations U, T and X of the Board, shall be satisfactory to the Agent and the Lenders. 
 (m) The Agent or its designee shall have conducted a satisfactory field examination of the accounts receivable, Inventory and related working capital matters and financial information of the Loan Parties
and of the related data processing and other systems, the results of which shall be satisfactory to the Arrangers and the Agent. 
 (n) The Borrower shall have delivered evidence of insurance coverage in form, scope, and substance reasonably satisfactory to the Agent and otherwise in compliance with the terms of
Section 6.7. 

  
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 (o) The Borrower shall have paid all of the fees and expenses owing to the
Agent, the Arrangers, the LC Issuer and the Lenders pursuant to Section 2.10, and Section 9.6(a). 
 (p) The Borrower shall have delivered to the Agent true and complete Customer Lists for the Borrower, together with a recent satisfactory appraisal with respect thereto (it being understood that the Agent
and the Lenders shall treat such Customer Lists as confidential information subject to Section 9.11). 
 (q) The Loan Parties shall have delivered to the Agent a certified actuarial valuation report for each Single Employer Plan for the Plan year beginning January 1, 2010. 

(r) The Loan Parties shall have delivered to the Agent a statement by an actuary enrolled under ERISA certifying that each
Single Employer Plan is not, and is not expected to be, in “at risk” status (within the meaning of Section 430 of the Code or Title IV of ERISA). 
 (s) The Agent shall have received a satisfactory solvency certificate from the chief financial officer of the Parent that shall document the solvency of the Parent and its Subsidiaries as of the Effective
Date. 
 (t) The Agent shall have received a copy of each hedging and inventory policy contemplated by
Section 5.33, and the Agent shall be satisfied with each such policy. 
 (u) The Agent shall have
received written consents from the “Required Lenders” under and as defined in the Existing Credit Agreement to the execution and delivery of this Agreement (it being agreed that the entering into of this Agreement by any such Existing
Lender shall constitute such written consent). 
 (v) The Effective Date shall occur on or before June 15,
2011. 
 4.2. Each Credit Extension. Except as otherwise expressly provided herein, the Lenders shall not be required to
make any Credit Extension if on the applicable Credit Extension Date: 
 (a) There exists any Default or
Unmatured Default or any Default or Unmatured Default shall result from any such Credit Extension. 
 (b) Any
representation or warranty contained in Article V is untrue or incorrect in any material respect as of such Credit Extension Date except to the extent any such representation or warranty is stated to relate solely to an earlier date.

 (c) After giving effect to any Credit Extension, Availability would be less than zero. 

  
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 (d) Any legal matter incident to the making of such Credit Extension shall
not be satisfactory to the Agent and its counsel or such Credit Extension shall conflict with, or not be permitted by, the terms of the 2010 Parent Indenture. 
 (e) The Borrower is not in compliance with Section 2.25. 
 Each
Borrowing Notice or request for issuance of Facility LC with respect to each such Credit Extension shall constitute a representation and warranty by the Borrower that the conditions contained in Section 4.1 have been satisfied and that
none of the conditions set forth in Section 4.2 exist as of the applicable Credit Extension Date. Any Lender may require a duly completed Compliance Certificate as a condition to making a Credit Extension. 

ARTICLE V 

REPRESENTATIONS AND WARRANTIES 
 Each Loan Party represents and warrants to the Lenders as follows: 
 5.1.
Existence and Standing. Each Loan Party is a corporation, partnership or limited liability company duly and properly incorporated or organized, as the case may be, validly existing and (to the extent such concept applies to such entity) in
good standing under the laws of its jurisdiction of incorporation or organization and has all requisite authority to conduct its business in each jurisdiction in which its business is conducted. 

5.2. Authorization and Validity. Each Loan Party has the power and authority and legal right to execute and deliver the Loan
Documents to which it is a party and to perform its obligations thereunder. The execution and delivery by each Loan Party of the Loan Documents to which it is a party and the performance of its obligations thereunder have been duly authorized by
proper proceedings, and the Loan Documents to which such Loan Party is a party constitute legal, valid and binding obligations of such Loan Party enforceable against such Loan Party in accordance with their terms, except as enforceability may be
limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally. 
 5.3. No
Conflict; Government Consent. Neither the execution and delivery by any Loan Party of the Loan Documents to which it is a party, nor the consummation of the transactions therein contemplated, nor compliance with the provisions thereof will
violate (i) any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on such Loan Party or (ii) any Loan Party’s articles or certificate of incorporation, partnership agreement, certificate of partnership,
articles or certificate of organization, by-laws, or operating or other management agreement, as the case may be, or (iii) the provisions of any indenture (including, without limitation, the 2010 Parent Indenture), instrument or agreement to
which any Loan Party is a party or is subject, or by which it, or its Property, is bound, or conflict with or constitute a default thereunder, or result in, or require, the 

  
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creation or imposition of any Lien in, of or on the Property of such Loan Party pursuant to the terms of any such indenture, instrument or agreement. No order, consent, adjudication, approval,
license, authorization, or validation of, or filing, recording or registration with, or exemption by, or other action in respect of any Governmental Authority which has not been obtained by a Loan Party, is required to be obtained by any Loan Party
in connection with the execution and delivery of the Loan Documents, the borrowings under this Agreement, the payment and performance by the Loan Parties of the Obligations or the legality, validity, binding effect or enforceability of any of the
Loan Documents, except for (i) filing of amendments to Mortgages and UCC financing statements to be filed on or immediately after the Effective Date and (ii) routine approvals required in connection with the performance by the Loan Parties
of their businesses. 
 5.4. Security Interest in Collateral. The provisions of this Agreement and the other Loan
Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the benefit of the Agent and the Lenders, and such Liens (upon any required filing and recordation) constitute perfected and continuing Liens on the Collateral,
securing the Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Liens, to the extent any such Permitted Liens would
have priority over the Liens in favor of the Agent pursuant to any applicable law or agreement and (b) Liens perfected only by possession (including possession of any certificate of title) to the extent the Agent has not obtained or does not
maintain possession of such Collateral. 
 5.5. Financial Statements. 

(a) The (i) audited consolidated financial statements of the Parent and its Subsidiaries for the period ended
September 30, 2010 and (ii) the unaudited consolidated financial statements of the Parent and its Subsidiaries for the quarters ended December 31, 2010 and March 31, 2011 heretofore delivered to the Lenders (A) were prepared
in accordance with GAAP (as in effect on the date such statements were prepared) and fairly present the consolidated financial condition and operations of the Parent and its Subsidiaries at such date and the consolidated results of their operations
for the period then ended and (B) with respect to the financial statements referred to in clause (i) hereof, are accompanied by an unqualified audit report certified by independent certified public accountants. 

(b) The most recent Projections delivered to the Agent and the Lenders pursuant to Section 6.1(d) represent
the Borrower’s good faith estimate of the future financial performance of the Borrower for the period set forth therein. 

5.6. Material Adverse Change. Since September 30, 2010, after giving effect to the consummation of the transactions
contemplated hereby on the Effective Date, there has been no change in the business, operations, Property, condition (financial or otherwise) or prospects of the Loan Parties which could reasonably be expected to have a Material Adverse Effect.

  
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 5.7. Taxes. The Loan Parties have filed all U.S. federal tax returns and all other
tax returns which are required to be filed, all such returns are complete and correct and the Loan Parties have paid all taxes due pursuant to said returns or pursuant to any assessment received by any Loan Party, except such taxes, if any, as are
being contested in good faith and as to which adequate reserves have been provided in accordance with GAAP and as to which no Lien exists. No tax liens have been filed and no claims are being asserted with respect to any such taxes. The charges,
accruals and reserves on the books of the Loan Parties in respect of any taxes or other governmental charges are adequate. If any Loan Party is a limited liability company, each such limited liability company qualifies for partnership tax treatment
under U.S. federal tax law. 
 5.8. Litigation and Contingent Obligations. Except as set forth on Schedule 5.8,
there is no litigation, arbitration, governmental investigation, proceeding or inquiry pending or, to the knowledge of any of their officers, threatened against or affecting any Loan Party which could reasonably be expected to have a Material
Adverse Effect or which seeks to prevent, enjoin or delay the making of any Credit Extensions. Other than any liability incident to any litigation, arbitration or proceeding which (i) could not reasonably be expected to have a Material Adverse
Effect or (ii) is set forth on Schedule 5.8, no Loan Party has any material contingent obligations not provided for or disclosed in the financial statements referred to in Section 5.5. 

5.9. Capitalization and Subsidiaries. Schedule 5.9 sets forth (a) a correct and complete list of the name of each and
all of the Parent’s Subsidiaries, (b) the location of the chief executive office of each Loan Party and each of its Subsidiaries and each other location where any of them have maintained their chief executive office in the past five years,
(c) a true and complete listing of each class of each Loan Party’s authorized Capital Stock, of which all of such issued shares are validly issued, outstanding, fully paid and non-assessable, and owned beneficially and of record by the
Persons identified on Schedule 5.9, and (d) the type of entity of each Loan Party. With respect to each Loan Party, Schedule 5.9 also sets forth the employer or taxpayer identification number of each Loan Party and the
organizational identification number issued by each Loan Party’s jurisdiction of organization or a statement that no such number has been issued. All of the issued and outstanding Capital Stock owned by any Loan Party has been (to the
extent such concepts are relevant with respect to such ownership interests) duly authorized and issued and is fully paid and non-assessable. 
 5.10. ERISA. Except as would not, individually or in the aggregate, be reasonably expected to result in a Material Adverse Effect, (i) each Plan complies with all applicable requirements of
law and regulations and (ii) no ERISA Event has occurred. 

  
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 5.11. Accuracy of Information. No information, exhibit or report furnished by any
Loan Party to the Agent or to any Lender in connection with the negotiation of, or compliance with, the Loan Documents contained any material misstatement of fact or omitted to state a material fact or any fact necessary to make the statements
contained therein not misleading. 
 5.12. Names; Prior Transactions. Except as set forth on Schedule 5.12, the
Loan Parties have not, during the past five years, been known by or used any other corporate or fictitious name, or been a party to any merger or consolidation, or been a party to any Acquisition. 

5.13. Regulation U. No Loan Party is engaged, nor will it engage, principally or as one of its important activities, in the
business of extending credit for the purpose of “purchasing” or “carrying” any “margin stock” as such terms are defined in Regulation U of the Board as now and from time to time hereafter in effect (such securities
being referred to herein as “Margin Stock”). No Loan Party owns any Margin Stock, and none of the proceeds of the Loans or other extensions of credit under this Agreement will be used, directly or indirectly, for the purpose of purchasing
or carrying any Margin Stock, for the purpose of reducing or retiring any Indebtedness that was originally incurred to purchase or carry any Margin Stock or for any other purpose that might cause any of the Loans or other extensions of credit under
this Agreement to be considered a “purpose credit” within the meaning of Regulations T, U or X of the Board. No Loan Party will take or permit to be taken any action that might cause any Loan Document to violate any regulation of the
Board. 
 5.14. Material Agreements. Schedule 5.14 hereto sets forth as of the Effective Date all material
agreements and contracts to which any Loan Party is a party or is bound as of the date hereof. No Loan Party is subject to any charter or other corporate restriction which could reasonably be expected to have a Material Adverse Effect. No Loan Party
is in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in (i) any material agreement to which it is a party or (ii) any agreement or instrument evidencing or governing
Indebtedness. 
 5.15. Compliance With Laws. The Loan Parties have complied with all applicable statutes, rules,
regulations, orders and restrictions of any domestic or foreign government or any instrumentality or agency thereof having jurisdiction over the conduct of their respective businesses or the ownership of their respective Property except for any
failure to comply with any of the foregoing which could not reasonably be expected to have a Material Adverse Effect. 
 5.16.
Ownership of Properties. Except as set forth on Schedule 5.16, on the date of this Agreement, the Loan Parties will have good title, free of all Liens other than those permitted by Section 6.21, to all of the Property and
assets reflected in the Loan Parties’ most recent consolidated financial statements provided to the Agent as owned by the Loan Parties. 

  
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 5.17. Plan Assets; Prohibited Transactions. No Loan Party is an entity deemed to hold
“plan assets” (within the meaning of 29 C.F.R. § 2510.3-101) of an employee benefit plan (as defined in Section 3(3) of ERISA) which is subject to Title I of ERISA or any plan (within the meaning of Section 4975 of the
Code), and neither the execution of this Agreement nor the making of Credit Extensions hereunder gives rise to a prohibited transaction within the meaning of Section 406 of ERISA or Section 4975 of the Code. The Borrower is not an
“operating company” as defined in 29 C.F.R 2510-101 (c). 
 5.18. Environmental Matters. 

(a) Each of the Loan Parties is in compliance with all Environmental Laws applicable to it or to the Collateral except
where such noncompliance would not have a Material Adverse Effect. Each Loan Party holds all environmental permits and licenses that are necessary for the conduct of the business and operations of such Loan Party as now conducted and as proposed to
be conducted, and has timely and properly applied for renewal of all environmental permits or licenses that have expired or are about to expire, except where the failure to hold, or to timely and properly reapply for, such environmental permits or
licenses would not have a Material Adverse Effect. Schedule 5.18 lists (i) all notices from Federal, state or local environmental agencies to any Loan Party citing environmental violations or other conditions that could be the subject of
investigation, remediation or other action under Environmental Law affecting the business and operations of any Loan Party or the Collateral that have not been finally resolved and disposed of, and no such violation or condition, whether or not
notice regarding such violation or condition is listed on Schedule 5.18, if ultimately resolved against such party, would have a Material Adverse Effect and (ii) all material reports filed by each of the Loan Parties during the past
twelve months with respect to its business and operations or the Collateral with any Federal, state or local environmental agency having jurisdiction over any of the Loan Parties or the Collateral, true and complete copies of which reports have been
made available to the Lenders. Notwithstanding any such notice, except for matters the consequences of which will not have a Material Adverse Effect, the business and operations of each Loan Party and the Collateral are currently being operated in
all respects within the limits set forth in such environmental permits or licenses and any current noncompliance with such permits or licenses will not result in any liability or penalty to any of the Loan Parties or in the revocation, loss or
termination of any such environmental permits or licenses. 
 (b) All facilities located on the real property
owned or leased by the Loan Parties, including without limitation the Collateral, which are subject to regulation by the Resource Conservation and Recovery Act (“RCRA”) are and have been operated in compliance with RCRA, except
where such noncompliance would not have a Material Adverse Effect and none of the Loan Parties has received, or, to the knowledge of any Loan Party, been threatened with, a notice of violation of RCRA regarding such facilities. 

  
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 (c) No Materials of Environmental Concern are or, to the knowledge of any
Loan Party, have been located or present at any of the real property owned or leased by the Loan Parties, including without limitation the Collateral, or any previously owned properties, in violation of any Environmental Law, which violation will
have a Material Adverse Effect, or in such circumstances as to give rise to liability, which liability will have a Material Adverse Effect, and with respect to such real property there has not occurred, to the knowledge of any Loan Party
(i) any release or threatened release of any Materials of Environmental Concern, (ii) any discharge or threatened discharge of any Materials of Environmental Concern into the environment which violates any Environmental Law or
(iii) any assertion of any lien pursuant to Environmental Laws resulting from any use, spill, discharge or clean-up of any Materials of Environmental Concern, which occurrence referred to in clause (i), (ii) or (iii) above will have a
Material Adverse Effect. 
 (d) Except as set forth on Schedule 5.18(d), none of the Loan Parties has
received notice that it has been identified as a potentially responsible party under the Comprehensive Environmental Response, Compensation, and Liability Act or any comparable state, local or foreign law nor has any Loan Party received any
notification that any Materials of Environmental Concern that it has used, generated, stored, treated, handled, transported or disposed of or arranged for transport for disposal or treatment of, or arranged for disposal or treatment of, has been
found at any site at which any Governmental Authority or private party is conducting or plans to conduct a remedial investigation or other action pursuant to any Environmental Law. 

(e) None of the matters disclosed in Schedule 5.18 or Schedule 5.18(d), either individually or in the
aggregate, involves a violation of or a liability under any Environmental Law, the consequences of which will have a Material Adverse Effect. 
 5.19. Investment and Holding Company Status. No Loan Party is (a) an “investment company” or a company “controlled” by an “investment company”, within the meaning
of the Investment Company Act of 1940, as amended or (b) a “holding company” as defined in, or subject to regulation under, the Public Utility Holding Company Act of 1935, as amended. 

5.20. Bank Accounts. As of the Effective Date, Exhibit B to the Security Agreement contains a complete and accurate list of all
bank accounts maintained by each Loan Party with any bank or other financial institution. 

  
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 5.21. Indebtedness. As of the Effective Date and after giving effect to the Credit
Extensions to be made on the Effective Date (if any), the Loan Parties have no Indebtedness, except for (a) the Obligations, and (b) any Indebtedness described on Schedule 5.21. 

5.22. Affiliate Transactions. Except as set forth on Schedule 5.22, as of the Effective Date, there are no existing or
proposed agreements, arrangements, understandings, or transactions between any Loan Party and any of the officers, members, managers, directors, stockholders, parents, other interest holders, employees, or Affiliates (other than Subsidiaries) of any
Loan Party or any members of their respective immediate families (other than employment agreements and arrangements and transactions entered into in the ordinary course of business on terms that are arms-length), and none of the foregoing Persons
are directly or indirectly indebted to or have any direct or indirect ownership, partnership, or voting interest in any Affiliate of any Loan Party or any Person with which any Loan Party has a business relationship or which competes with any Loan
Party. 
 5.23. Real Property; Leases. As of the Effective Date, Schedule 5.23 sets forth a correct and complete
list of all real Property owned by each Loan Party, all leases and subleases of real Property by each Loan Party as lessee or sublessee, and all leases and subleases of real Property by each Loan Party as lessor or sublessor. Each of such leases and
subleases is valid and enforceable in accordance with its terms and is in full force and effect, and no default by any party to any such lease or sublease exists. Each Loan Party has good and indefeasible title in fee simple to the real Property
identified on Schedule 5.23 as owned by such Loan Party, or valid leasehold interests in all real Property designated therein as “leased” by such Loan Party. 
 5.24. Intellectual Property Rights. As of the Effective Date: (a) Schedule 5.24 sets forth a correct and complete list of all Intellectual Property Rights of each Loan Party;
(b) none of the Intellectual Property Rights listed in Schedule 5.24 is subject to any licensing agreement or similar arrangement except as set forth in Schedule 5.24; (c) the Intellectual Property Rights described in
Schedule 5.24 constitute all of the property of such type necessary to the current and anticipated future conduct of the Loan Parties’ business; (d) to the best of each Loan Party’s knowledge, no slogan or other advertising
device, product, process, method, substance, part, or other material now employed, or now contemplated to be employed, by any Loan Party infringes in any material respect upon any rights held by any other Person; and (e) no claim or litigation
regarding any of the foregoing is pending or threatened, and no patent, invention, device, application, principle or any statute, law, rule, regulation, standard, or code is pending or, to the knowledge of any Loan Party, proposed, which, in either
case, could reasonably be expected to have a Material Adverse Effect. 
 5.25. Insurance. Schedule 5.25 lists all
insurance policies of any nature maintained, as of the Effective Date, by each Loan Party, as well as a summary of the terms of each such policy. 

  
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 5.26. Solvency. 

(a) Immediately after the consummation of the transactions to occur on the date hereof and immediately following the
making of each Credit Extension, if any, made on the date hereof and after giving effect to the application of the proceeds of such Credit Extensions, (a) the fair value of the assets of each Loan Party, at a fair valuation, will exceed the
debts and liabilities, subordinated, contingent or otherwise, of each Loan Party; (b) the present fair saleable value of the Property of each Loan Party will be greater than the amount that will be required to pay the probable liability of each
Loan Party on its debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured; (c) each Loan Party will be able to pay its debts and liabilities, subordinated, contingent
or otherwise, as such debts and liabilities become absolute and matured; and (d) each Loan Party will not have unreasonably small capital with which to conduct the businesses in which it is engaged as such businesses are now conducted and are
proposed to be conducted after the date hereof. 
 (b) The Borrower does not intend to, nor will the Borrower
permit any of its Subsidiaries to, and the Borrower does not believe that it or any of its Subsidiaries will, incur debts beyond its ability to pay such debts as they mature, taking into account the timing of and amounts of cash to be received by it
or any such Subsidiary and the timing of the amounts of cash to be payable on or in respect of its Indebtedness or the Indebtedness of any such Subsidiary. 
 5.27. Subordinated Indebtedness. The Secured Obligations constitute senior indebtedness which is entitled to the benefits of the subordination provisions of all outstanding Subordinated
Indebtedness. In addition, (a) no “Event of Default” or “Default” under and as defined in the 2010 Parent Indenture exists, nor will any such Event of Default or Default exist immediately after the granting or continuation
of any Loan, under the 2010 Parent Indenture or any agreement executed by the Parent or any of its Subsidiaries in connection therewith; and (b) all of the Obligations constitute Permitted Indebtedness as defined in the 2010 Parent Indenture.

 5.28. Post-Retirement Benefits. The present value of the expected cost of post-retirement medical and insurance
benefits payable by the Loan Parties to their employees and former employees, as estimated by such Loan Parties in accordance with procedures and assumptions deemed reasonable by the Required Lenders, does not exceed $10,000,000 in the aggregate.

 5.29. Common Enterprise. The successful operation and condition of each of the Loan Parties is dependent on the
continued successful performance of the functions of the group of the Loan Parties as a whole and the successful operation of each of the Loan Parties is dependent on the successful performance and operation of each other Loan Party. Each Loan Party
expects to derive benefit (and its board of directors or other governing body has determined that it may reasonably be 

  
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expected to derive benefit), directly and indirectly, from (i) successful operations of each of the other Loan Parties and (ii) the credit extended by the Lenders to the Borrower
hereunder, both in their separate capacities and as members of the group of companies. Each Loan Party has determined that execution, delivery, and performance of this Agreement and any other Loan Documents to be executed by such Loan Party is
within its purpose, will be of direct and indirect benefit to such Loan Party, and is in its best interest. 
 5.30.
Reportable Transaction. The Borrower does not intend to treat the Advances and related transactions as being a “reportable transaction” (within the meaning of Treasury Regulation Section 1.6011-4). In the event the Borrower
determines to take any action inconsistent with such intention, it will promptly notify the Agent thereof. 
 5.31. Labor
Disputes. Except as set forth on Schedule 5.31, as of the Effective Date (a) there is no collective bargaining agreement or other labor contract covering employees of the Borrower or any of its Subsidiaries, (b) no such
collective bargaining agreement or other labor contract is scheduled to expire during the term of this Agreement, (c) no union or other labor organization is seeking to organize, or to be recognized as, a collective bargaining unit of employees
of the Borrower or any of its Subsidiaries or for any similar purpose, and (d) there is no pending or (to the best of the Borrower’s knowledge) threatened, strike, work stoppage, material unfair labor practice claim, or other material
labor dispute against or affecting the Borrower or its Subsidiaries or their employees. 
 5.32. Fixed Price Supply
Contracts. None of the Loan Parties is a party to any contract for the purchase or supply by such parties of any product except where (a) the purchase price is set with reference to a spot index or indices substantially contemporaneously
with the delivery of such product or (b) delivery of such product is to be made no more than 18 months after the purchase price is agreed to. All such contracts for the delivery of product to any Loan Party referred to in the foregoing clause
(b) which are in effect on the Effective Date are set forth in Schedule 5.32. 
 5.33. Trading and Inventory
Policies. Each Loan Party maintains a hedging policy to the effect that it will not trade any commodities. Each Loan Party maintains a supply inventory position policy to the effect that it will not hold on hand, as of any date, more Commodities
Inventory than will be sold in the normal course of business during the following 90 days. Each Loan Party is in compliance with such policies. 
 5.34. Use of Proceeds. The Borrower will use the proceeds of the Loans solely as set forth in Section 6.2. 

  
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 ARTICLE VI 
 COVENANTS 
 Each Loan Party executing this Agreement jointly and
severally agrees as to all Loan Parties that from and after the date hereof and until the Facility Termination Date: 
 6.1.
Financial and Collateral Reporting. Each Loan Party will maintain, for itself and each Subsidiary, a system of accounting established and administered in accordance with GAAP, and will furnish to the Lenders: 

(a) within ninety days after the close of each Fiscal Year of the Parent and its Subsidiaries (starting with the Fiscal
Year ending September 30, 2011), an unqualified audit report certified by independent certified public accountants reasonably acceptable to the Required Lenders, prepared in accordance with GAAP on a consolidated and consolidating basis
(consolidating statements need not be certified by such accountants), including balance sheets as of the end of such Fiscal Year, related profit and loss and reconciliations of statements of retained earnings, and a statement of cash flows,
accompanied by (i) any management letter prepared by said accountants and (ii) a certificate of said accountants that, in the course of their examination necessary for their certification of the foregoing, they have obtained no knowledge
of any Default or Unmatured Default, or if, in the opinion of such accountants, any Default or Unmatured Default shall exist, stating the nature and status thereof; 

(b) within forty-five days after the close of the first three quarterly periods of each Fiscal Year of the Parent and its
Subsidiaries, consolidated and consolidating unaudited balance sheets as at the close of each such Fiscal Quarter and consolidated and consolidating profit and loss and reconciliations of statements of retained earnings and a statement of cash flows
for the period from the beginning of the applicable Fiscal Year to the end of such Fiscal Quarter, setting forth in each case in comparative form the figures for the applicable period, all certified by its chief financial officer and prepared in
accordance with GAAP (except for exclusion of footnotes and subject to normal year-end audit adjustments); 
 (c)
within thirty days after the close of each Fiscal Month, consolidated and consolidating unaudited balance sheets of the Parent and its Subsidiaries at the close of each such Fiscal Month and consolidated and consolidating profit and loss and
reconciliations of statements of retained earnings and a statement of cash flows for the period from the beginning of the applicable Fiscal Year to the end of such Fiscal Month, setting forth in each case in comparative form the figures for the
prior 12-month period, all prepared in accordance with GAAP (except for exclusion of footnotes and subject to normal year-end audit adjustments) and certified by its chief financial officer or vice president - controller; 

(d) as soon as available, but not less than 10 days prior to the end of such Fiscal Year, a copy of the plan and forecast
(including a projected consolidated and 

  
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consolidating balance sheet, income statement and funds flow statement) of the Parent for each month of such Fiscal Year (the “Projections”) in form reasonably satisfactory to
the Agent; 
 (e) together with each of the financial statements required under Sections 6.1(a), (b) and
(c), a compliance certificate in substantially the form of Exhibit E (a “Compliance Certificate”) signed by the chief financial officer, vice president - controller or treasurer of the Borrower Representative showing the
calculations necessary to determine compliance with this Agreement (including calculation of Availability for purposes of Sections 6.16 and 6.25) and the Applicable Margin and stating that no Default or Unmatured Default exists, or if
any Default or Unmatured Default exists, stating the nature and status thereof; 
 (f) as soon as available but
in any event within 20 days of the end of each Fiscal Month (or, during the Seasonal Availability Period or to the extent Availability is less than 17.5% of the Aggregate Commitment, within 3 days of the end of each week), and at such other times as
may be requested by the Agent (in its Permitted Discretion), as of the period then ended, a Borrowing Base Certificate, which will include information relating to the Borrowing Base as calculated and defined in the 2010 Parent Indenture and
supporting information in connection therewith; 
 (g) as soon as available but in any event within 20 days of
the end of each Fiscal Month (or, during the Seasonal Availability Period or to the extent Availability is less than 17.5% of the Aggregate Commitment, within 3 days of the end of each week) and at such other times as may be requested by the Agent
(in its Permitted Discretion), as of the period then ended: 
 (i) (1) a summary aging of the Accounts of
Petro and each of its Subsidiaries, including an aged accounts receivable total for each Account Debtor, supported by a total page from the system summary aging for each branch, and (2) reconciled to the Borrowing Base Certificate delivered as
of such date prepared in a manner reasonably acceptable to the Agent, together with such transaction analysis or roll-forward information as the Agent requests, in its Permitted Discretion; 

(ii) a schedule detailing the Borrower’s Inventory, in form reasonably satisfactory to the Agent, (1) by
location (showing Inventory in transit, any Inventory located with a third party under any consignment, bailee arrangement, or warehouse agreement), by product type, and by volume on hand, which Inventory shall be valued at the lower of cost
(determined on a weighted average basis) or market and adjusted for Reserves as the Agent has previously indicated to the Borrower are deemed by the Agent to be appropriate, (2) including a report of any variances or other results of Inventory
counts performed by the Borrower since the last Inventory schedule (including information regarding sales or other reductions, additions, returns, credits issued by the Borrower and complaints and claims made against the Borrower), and
(3) reconciled to the Borrowing Base Certificate delivered as of such date; 

  
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 (iii) a worksheet of calculations prepared by the Borrower to determine
Eligible Accounts Receivable, Eligible Heating Oil and Other Fuel Inventory and Eligible Other Inventory, such worksheets detailing the Accounts and Inventory excluded from Eligible Accounts Receivable, Eligible Heating Oil and Other Fuel Inventory
and Eligible Other Inventory and the reason for such exclusion; 
 (iv) a reconciliation of the Borrower’s
Accounts and Inventory between the amounts shown in the Borrower’s general ledger and financial statements and the reports delivered pursuant to clauses (i) and (ii) above; and 

(v) a reconciliation of the loan balance per the Borrower’s general ledger to the loan balance set forth in
statements given to the Borrower under this Agreement; 
 (h) as soon as available but in any event within 20
days of the end of each Fiscal Month (or, during the Seasonal Availability Period or to the extent Availability is less than 17.5% of the Aggregate Commitment, within 3 days of the end of each week) and at such other times as may be requested by the
Agent (in its Permitted Discretion), as of the month then ended, a schedule and aging of the Borrower’s accounts payable; 
 (i) promptly upon the Agent’s request (in its Permitted Discretion): 
 (i) copies of invoices in connection with the invoices issued by the Borrower in connection with any Accounts, credit memos, shipping and delivery documents, and other information related thereto;

 (ii) copies of purchase orders, invoices, and shipping and delivery documents in connection with any
Inventory, Machinery or Equipment purchased by any Loan Party; and 
 (iii) a schedule detailing the balance of
all intercompany accounts of the Loan Parties; 
 (j) as soon as possible and in any event within 20 days of
filing thereof, copies of all tax returns filed by any Loan Party with the U.S. Internal Revenue Service; 
 (k)
as soon as possible and in any event within 300 days after the close of the Fiscal Year of each Single Employer Plan, a certified financial statement of such Single Employer Plan; 

(l) as soon as possible and in any event within 10 days after the Borrower (i) knows that any Reportable Event has
occurred with respect to any Plan, a statement, signed by the chief financial officer of the Borrower, describing said Reportable Event and the action which the Borrower proposes to take with respect thereto; (ii) receives a determination that
any Plan is, or is expected to be in “at risk” status (within the meaning of Section 430 of the Code or Title IV of ERISA), a statement describing such status determination and the action which the Borrower proposes to take with
respect thereto; or (iii) receives any determination that a Multiemployer Plan is expected in endangered or critical status (within the meaning of Section 432 of the Code or Section 305 or Title IV of ERISA), a copy of such
determination; 

  
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 (m) as soon as possible and in any event within 10 days (i) of filing
therewith with the PBGC, the U.S. Internal Revenue Service or any other governmental entity, a copy of each annual report or other filing with respect to any Single Employer Plan; 

(n) as soon as possible and in any event with 10 days following receipt thereof, copies of any documents described in
Sections 101(k) or 101(l) of ERISA that Borrower or any member of its Controlled Group may request with respect to any Multiemployer Plan to which it is a party; provided, that if the Borrower or any member of its Controlled Group has not requested
such documents or notices from the administrator or sponsor of the applicable Multiemployer Plan, then, upon reasonable request of the Agent, the Borrower and/or the Controlled Group members shall promptly make a request for such documents and
notices from such administrator or sponsor and the Borrower shall provide copies of such documents and notices to the Agent (on behalf of each requesting Lender) promptly after receipt thereof, and further provided, that the rights granted to the
Agent in this section shall not be exercised more than once during a 12-month period; 
 (o) as soon as possible
and in any event within 10 days after receipt by any Loan Party and to the extent pertaining to a matter that could have a material impact on any Loan Party, a copy of (i) any notice or claim to the effect that any Loan Party is or may be
liable to any Person as a result of the release by any Loan Party, or any other Person of any toxic or hazardous waste or substance into the environment, and (ii) any notice alleging any violation of any Environmental Laws or any federal, state
or local environmental, health or safety law or regulation by the any Loan Party; 
 (p) concurrently with the
delivery of annual audited financial statements pursuant to Section 6.1(a), an updated Customer List for the Borrower, certified as true and correct by an Authorized Officer of the Borrower (it being understood that the Agent and the
Lenders shall treat such Customer Lists as confidential information subject to Section 9.11); 
 (q)
concurrently with the furnishing thereof to the unitholders of the Parent, copies of all financial statements, reports and proxy statements so furnished; 
 (r) promptly upon the filing thereof, copies of all registration statements and annual, quarterly, monthly or other regular reports which any Loan Party files with the Securities and Exchange Commission;
and 
 (s) such other information (including, without limitation, non-financial information as more fully
described on Schedule 6.1(s)) as the Agent or any Lender may from time to time reasonably request. 

  
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 6.2. Use of Proceeds. 

(a) The Borrower will use the proceeds of the Credit Extensions solely to finance the working capital needs of the
Borrower and its Subsidiaries in the ordinary course of business; provided that Facility LCs may also be used to support (i) obligations under workers’ compensation laws, (ii) obligations to suppliers of petroleum derivative
products or energy commodity derivative providers in the ordinary course of business consistent with past practices and (iii) other ordinary course obligations of the Loan Parties. 

(b) No Loan Party will use any of the proceeds of the Credit Extensions to (i) purchase or carry any Margin Stock in
violation of Regulation U, (ii) repay or refinance any Indebtedness of any Person incurred to buy or carry any Margin Stock, (iii) acquire any security in any transaction that is subject to Section 13 or Section 14 of the
Securities Exchange Act of 1934 (and the regulations promulgated thereunder), or (iv) so long as the 2010 Parent Indenture is in effect, make any Acquisition. 
 6.3. Notices. Each Loan Party will give prompt notice in writing to the Agent and the Lenders of: 
 (a) the occurrence of any Default or Unmatured Default; 
 (b) any
other development, financial or otherwise, which could reasonably be expected to have a Material Adverse Effect; 

(c) the assertion by the holder of any Capital Stock of any Loan Party or the holder of any Indebtedness of any Loan Party
in excess of $1,000,000 that any default exists with respect thereto or that any Loan Party is not in compliance therewith; 
 (d) receipt of any written notice that any Loan Party is subject to any investigation by any governmental entity with respect to any potential or alleged violation of any applicable Environmental Law or
of imposition of any Lien against any Property of any Loan Party for any liability with respect to damages arising from, or costs resulting from, any violation of any Environmental Laws, in each case, that could reasonably be expected to result in a
material impact on any Loan Party; 
 (e) receipt of any notice of litigation commenced or threatened against any
Loan Party that (i) seeks damages in excess of (A) $500,000 above insurance coverage limits or (B) $5,000,000 regardless of insurance coverage limits, (ii) seeks injunctive relief, (iii) is asserted or instituted against any
Plan, its fiduciaries or its assets, (iv) alleges criminal misconduct by any Loan Party, (v) alleges the violation of any law regarding, or seeks remedies in connection with, any Environmental Laws; or (vi) involves any product
recall; 
 (f) any Lien (other than Permitted Liens) or claim made or asserted against any of the Collateral;

 (g) its decision to change, (i) such Loan Party’s name or type of entity, (ii) such Loan
Party’s articles or certificate of incorporation, partnership agreement, certificate of 

  
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partnership, articles or certificate of organization, by-laws, or operating or other management agreement, and (iii) the location where any Collateral is held or maintained; provided
that, in no event shall the Agent receive notice of such change less than thirty days prior thereto; 
 (h)
commencement of any proceedings contesting any tax, fee, assessment, or other governmental charge in excess of $250,000; 
 (i) the opening of any new deposit account by any Loan Party with any bank or other financial institution; 
 (j) any loss, damage, or destruction to the Collateral in the amount of $500,000 or more, whether or not covered by insurance; 

(k) any and all default notices received under or with respect to any leased location or public warehouse where Collateral
is located (which shall be delivered within two Business Days after receipt thereof); 
 (l) all material
amendments to real estate leases, together with a copy of each such amendment; 
 (m) immediately after becoming
aware of any pending or threatened strike, work stoppage, unfair labor practice claim, or other labor dispute affecting the Borrower or any of its Subsidiaries in a manner which could reasonably be expected to have a Material Adverse Effect;

 (n) concurrently with the delivery of each Borrowing Base Certificate, a listing of each Rate Management
Transaction or amendment to a Rate Management Transaction that such Loan Party has entered into since the date on which a Borrowing Base Certificate was last delivered pursuant to Section 6.1(f), together with copies of all agreements
evidencing such Rate Management Transactions or amendments thereto; 
 (o) [Intentionally omitted]; 

(p) any circumstances that it reasonably believes may result in an assertion that a withdrawal under Title IV of ERISA has
occurred by any Loan Party or any member of its Controlled Group with respect to any Multiemployer Plan; and 

(q) any other matter as the Agent may reasonably request. 

6.4. Conduct of Business. Each Loan Party will: 

(a) carry on and conduct its business in substantially the same manner and in substantially the same fields of enterprise
as it is presently conducted; 

  
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 (b) do all things necessary to remain duly incorporated or organized,
validly existing and (to the extent such concept applies to such entity) in good standing as a domestic corporation, partnership or limited liability company in its jurisdiction of incorporation or organization, as the case may be, and maintain all
requisite authority to conduct its business in each jurisdiction in which its business is conducted; provided that nothing in this Section 6.4 shall prohibit any transaction permitted by Section 6.18. 

(c) keep adequate books and records with respect to its business activities in which proper entries, reflecting all
financial transactions, are made in accordance with GAAP and on a basis consistent with the financial statements delivered to the Agent pursuant to Section 4.1(m); 

(d) at all times maintain, preserve and protect all of its assets and properties used or useful in the conduct of its
business, and keep the same in good repair, working order and condition in all material respects (taking into consideration ordinary wear and tear) and from time to time make, or cause to be made, all necessary or appropriate repairs, replacements
and improvements thereto consistent with industry practices; and 
 (e) transact business only in such corporate
and trade names as are set forth in Schedule 5.12 (as such schedule may be amended or supplemented from time to time with prompt notification to the Agent of such amendment or supplement). 

6.5. Taxes. Each Loan Party will timely file complete and correct U.S. federal and applicable foreign, state and local tax returns
required by law and pay when due all taxes, assessments and governmental charges and levies upon it or its income, profits, Property or Collateral, except those which are being contested in good faith by appropriate proceedings and with respect to
which adequate reserves have been set aside in accordance with GAAP. At any time that any Loan Party is organized as a limited liability company, each such limited liability company will qualify for partnership tax treatment under U.S. federal tax
law. 
 6.6. Payment of Indebtedness and Other Liabilities. Each Loan Party will pay or discharge when due all Material
Indebtedness permitted by Section 6.17 owed by such Loan Party and all other liabilities and obligations due to materialmen, mechanics, carriers, warehousemen, and landlords, except that the Loan Parties may in good faith contest, by
appropriate proceedings diligently pursued, any such obligations; provided that, (a) adequate reserves have been set aside for such liabilities in accordance with GAAP, (b) no Lien shall be imposed to secure payment of such
liabilities that is superior to the Agent’s Liens securing the Secured Obligations, (c) none of the Collateral becomes subject to forfeiture or loss as a result of the contest and (d) such Loan Party shall promptly pay or discharge
such contested liabilities, if any, and shall deliver to the Agent evidence reasonably acceptable to the Agent of such compliance, payment or discharge, if such contest is terminated or discontinued adversely to such Loan Party or the conditions set
forth in this proviso are no longer met. 

  
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 6.7. Insurance; Weather Hedging. 

(a) Each Loan Party shall at all times maintain, with financially sound and reputable carriers having a Financial Strength
rating of at least A- by A.M. Best Company, insurance against: (i) loss or damage by fire and loss in transit; (ii) theft, burglary, pilferage, larceny, embezzlement, and other criminal activities; (iii) general liability and
(iv) and such other hazards, as is customary in the business of such Loan Party. All such insurance shall be in amounts, cover such assets and be under policies acceptable to the Agent in its Permitted Discretion. If any portion of any
Mortgaged Property is at any time located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a “Special Flood Hazard Area” with respect to which flood insurance has been made available under the
National Flood Insurance Act of 1968 (now or as hereafter in effect or any successor act thereto), then the Borrower shall, or shall cause the applicable Loan Party to (A) maintain, or cause to be maintained, with a financially sound and
reputable insurer, flood insurance in an amount and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor
statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute
thereto and (iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (B) deliver to the Agent evidence of such compliance in form and substance reasonably acceptable to the Agent. All
premiums on such insurance shall be paid when due by the applicable Loan Party, and copies of the policies delivered to the Agent. If any Loan Party fails to obtain any insurance as required by this Section, the Agent at the direction of the
Required Lenders may obtain such insurance at the Borrower’s expense. By purchasing such insurance, the Agent shall not be deemed to have waived any Default or Unmatured Default arising from any Loan Party’s failure to maintain such
insurance or pay any premiums therefor. No Loan Party will use or permit any Property to be used in violation of applicable law or in any manner which might render inapplicable any insurance coverage. 

(b) All insurance policies required under Section 6.7(a) shall name the Agent (for the benefit of the Agent
and the Lenders) as an additional insured or as loss payee, as applicable, and shall provide that, or contain loss payable clauses or mortgagee clauses, in form and substance reasonably satisfactory to the Agent, which provide that: 

(i) all proceeds thereunder with respect to any Collateral shall be payable to the Agent; 

(ii) no such insurance shall be affected by any act or neglect of the insured or owner of the Property described in such
policy; and 
 (iii) such policy and loss payable clauses may be canceled, amended, or terminated only upon at
least thirty days prior written notice given to the Agent. 

  
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 (c) The Borrower must give the Agent prior written notice of any change in
insurance carriers and any new insurance policy shall comply with the provisions of this Section 6.7 and otherwise be reasonably acceptable to the Agent. Without in any way limiting the foregoing, in no event shall the Borrower change
their insurance carrier without first obtaining a loss payable endorsement in form and substance reasonably satisfactory to the Agent. 
 (d) Notwithstanding the foregoing, any insurance or condemnation proceeds received by the Loan Parties shall be immediately forwarded to the Agent and the Agent may, at its option, apply any such proceeds
to the reduction of the Obligations in accordance with Section 2.15(d), provided that in the case of insurance proceeds pertaining to any Loan Party other than the Borrower, such insurance proceeds shall be applied to the Loans
owing by the Borrower. The Agent may permit or require any Loan Party to use such money, or any part thereof, to replace, repair, restore or rebuild the Collateral in a diligent and expeditious manner with materials and workmanship of substantially
the same quality as existed before the loss, damage or destruction. Notwithstanding the foregoing, if the casualty giving rise to such insurance proceeds could not reasonably be expected to have a Material Adverse Effect and such insurance proceeds
do not exceed $500,000 in the aggregate, upon the applicable Loan Party’s request, the Agent shall permit such Loan Party to replace, restore, repair or rebuild the property; provided that, if such Loan Party has not completed or entered
into binding agreements to complete such replacement, restoration, repair or rebuilding within ninety days of such casualty, the Agent may apply such insurance proceeds to the Obligations in accordance with Section 2.15. All insurance
proceeds that are to be made available to the Borrower to replace, repair, restore or rebuild the Collateral shall be applied by the Agent to reduce the outstanding principal balance of the Revolving Loans (which application shall not result in a
permanent reduction of the Aggregate Commitment) and upon such application, the Agent shall establish a Reserve against the Borrowing Base in an amount equal to the amount of such proceeds so applied. All insurance proceeds made available to any
Loan Party that is not the Borrower to replace, repair, restore or rebuild Collateral shall be deposited in a cash collateral account. In either case, thereafter, such funds shall be made available to the applicable Loan Party to provide funds to
replace, repair, restore or rebuild the Collateral as follows: 
 (i) the Borrower Representative, on behalf of
the applicable Borrower, shall request a Revolving Loan or the Borrower Representative, on behalf of the applicable Loan Party, shall request a release from the cash collateral account be made in the amount needed; 

(ii) so long as the conditions set forth in Section 4.2 have been met, the Lenders shall make such Revolving
Loan or the Agent shall release funds from the cash collateral account; and 
 (iii) in the case of insurance
proceeds applied against the Revolving Loan, the Reserve established with respect to such insurance proceeds shall be reduced by the amount of such Revolving Loan. 

  
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 (e) Each Loan Party shall maintain a program to hedge against business risks
associated with weather as deemed appropriate by its board of directors. 
 6.8. Compliance with Laws. Each Loan Party
will comply with all laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject including, without limitation, all Environmental Laws. This covenant shall be deemed not breached by a noncompliance
with the foregoing if, upon learning of such noncompliance, the affected Loan Parties promptly undertake reasonable efforts to eliminate such noncompliance, and such noncompliance and the elimination thereof, in the aggregate with any other
noncompliance with any of the foregoing and the elimination thereof, could not reasonably be expected to have a Material Adverse Effect. 
 6.9. Maintenance of Properties and Intellectual Property Rights. Each Loan Party will do all things necessary to (i) maintain, preserve, protect and keep its Property in good repair, working
order and condition, and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly conducted at all times and (ii) obtain and maintain in effect at all times all
material franchises, governmental authorizations, Intellectual Property Rights, licenses and permits, which are necessary for it to own its Property or conduct its business as conducted on the Effective Date. 

6.10. Inspection. Each Loan Party will permit the Agent and, at the expense of such Lender, any Lender, by their respective
employees, representatives and agents, from time to time upon two Business Days’ prior notice as frequently as the Agent reasonably determines (in its Permitted Discretion) to be appropriate, to (a) inspect any of the Property, the
Collateral, and the books and financial records of such Loan Party, (b) examine, audit and make extracts or copies of the books of accounts and other financial records of such Loan Party, (c) have access to its properties, facilities, the
Collateral and its advisors, officers, directors and employees to discuss the affairs, finances and accounts of such Loan Party and (d) review, evaluate and make test verifications and counts of the Accounts, Inventory and other Collateral of
such Loan Party (it being understood that it is anticipated that the examinations referred to in clauses (a) through (d) of this Section 6.10 will be conducted once per year, with up to two such examinations per year to be
permitted at the Agent’s sole discretion). If a Default or an Unmatured Default has occurred and is continuing or if Availability is less than 17.5% of the Aggregate Commitment, each Loan Party shall provide such access to the Agent and to each
Lender at all times and without advance notice. Furthermore, so long as any Default has occurred and is continuing, each Loan Party shall provide the Agent and each Lender with access to its suppliers. Each Loan Party shall promptly make available
to the Agent and its counsel originals or copies of all books and records that the Agent may reasonably request. The Loan Parties acknowledge that from time to time the Agent may prepare and may distribute to the Lenders certain audit reports
pertaining to the Loan Parties’ assets for internal use by the Agent and the Lenders from information furnished to it by or on behalf of the Loan Parties, after the Agent has exercised its rights of inspection pursuant to this Agreement.

  
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 6.11. Appraisals. Whenever a Default or Unmatured Default exists or Availability is
less than 17.5% of the Aggregate Commitment, and at such other times as the Agent requests, the Loan Parties shall, at their sole expense, provide the Agent with appraisals or updates thereof of their Inventory, Equipment, Customer Lists and real
Property from an appraiser selected and engaged by the Agent, and prepared on a basis, satisfactory to the Agent, such appraisals and updates to include, without limitation, information required by applicable law and regulations and by the internal
policies of the Lenders (it being understood and agreed that appraisals with respect to Customer Lists shall be required on an annual basis). 
 6.12. Communications with Accountants. Each Loan Party executing this Agreement authorizes (a) the Agent and (b) so long as a Default has occurred and is continuing, each Lender, to
communicate directly with its independent certified public accountants and authorizes and shall instruct those accountants and advisors to communicate to the Agent and each Lender information relating to any Loan Party with respect to the business,
results of operations and financial condition of any Loan Party. 
 6.13. Post-Closing Obligations with respect to Real
Property; Mortgage Amendments, Collateral Access Agreements, etc.. (a) The Loan Parties shall deliver to the Agent by no later than the date that is 60 days after the Effective Date (or by such other date to which the Agent may agree in its
sole discretion), with respect to each parcel of owned real Property set forth on Schedule 5.23, each of the following (to the extent customary or reasonably requested), in form and substance reasonably satisfactory to the Agent: 

(i) an amendment to the Existing Mortgage covering such parcel of real Property (or, in the case of the real Property
located at 170 White Street, Danbury, Connecticut, a Mortgage); 
 (ii) a “date-down” endorsement to
the existing title insurance policy for such parcel of real Property issued by the title company that issued such existing title insurance policy, which endorsement shall update the effective date of such existing title insurance policy and amend
the description of the insured Existing Mortgage to include the amendment to such Existing Mortgage (or, in the case of the real Property located at 170 White Street, Danbury, Connecticut, a mortgagee’s title insurance policy (or policies) or
marked up unconditional binder for such insurance); 
 (iii) evidence that the Borrower has paid all premiums in
respect of the endorsement to the existing title policy (or, in the case of the real Property located at 170 White Street, Danbury, Connecticut, the mortgagee’s title insurance policy (or policies) or marked up unconditional binder for such
insurance) for such parcel of real Property, as well as all charges for mortgage recording taxes and mortgage filing fees payable in connection with the recording of the amendment to the Existing Mortgage or new Mortgage, as the case may be,
covering such parcel of real Property, and all related expenses, if any; 

  
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 (iv) (A) a “Life-of-Loan” Federal Emergency Management Agency
Standard Flood Hazard Determination with respect to each Mortgaged Property (together with a notice about special flood hazard area status and flood disaster assistance duly executed by the Borrower or the applicable Loan Party in the event any such
Mortgaged Property is located in a special flood hazard area) and (B) a copy of, or a certificate as to coverage under, the flood insurance policies required by Section 6.7(a); and 

(v) such other information, documentation, and certifications as may be reasonably required by the Agent. 

(b) If requested by the Agent, each Loan Party shall use commercially reasonable efforts to obtain a Collateral Access
Agreement from the lessor of each leased property, mortgagee of owned property or bailee or consignee with respect to any warehouse, processor or converter facility or other location where Collateral is stored or located, which agreement or letter
shall provide access rights, contain a waiver or subordination of all Liens or claims that the landlord, mortgagee or bailee or consignee may assert against the Collateral at that location, and shall otherwise be reasonably satisfactory in form and
substance to the Agent. With respect to such locations or warehouse space leased or owned as of the Effective Date and thereafter, if the Agent has not received a Collateral Access Agreement as of the Effective Date (or, if later, as of the date
such location is acquired or leased), the Borrower’s Eligible Inventory at that location shall be subject to such Reserves as may be established by the Agent (in its Permitted Discretion). After the Effective Date, no real property or warehouse
space shall be leased by any Loan Party and no Inventory shall be shipped to a processor or converter under arrangements established after the Effective Date, unless and until, if requested by the Agent, a Collateral Access Agreement reasonably
satisfactory to the Agent shall first have been obtained with respect to such location (it being understood that the Borrower shall provide the Agent with written notice prior to taking any such actions) and if it has not been obtained, the
Borrower’s Eligible Inventory at that location shall be subject to the establishment of Reserves reasonably acceptable to the Agent. Each Loan Party shall timely and fully pay and perform its obligations under all leases and other agreements
with respect to each leased location or third party warehouse where any Collateral is or may be located. To the extent permitted hereunder, if any Loan Party proposes to acquire a fee ownership interest in real Property after the Effective Date, it
shall first provide to the Agent a mortgage or deed of trust granting the Agent a first priority Lien on such real Property, together with environmental audits, mortgage title insurance commitment, real property survey, local counsel opinion(s),
and, if required by the Agent, supplemental casualty insurance and flood insurance, and such other documents, instruments or agreements reasonably requested by the Agent, in each case, in form and substance reasonably satisfactory to the Agent.

  
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 6.14. Deposit Account Control Agreements. No later than the date that is 60 days
after the Effective Date (or by such other date to which the Agent may agree in its sole discretion), the Loan Parties will provide to the Agent a Deposit Account Control Agreement duly executed on behalf of each financial institution holding a
deposit account of a Loan Party as set forth in the Security Agreement. 
 6.15. Additional Collateral; Further
Assurances. 
 (a) Subject to applicable law, each Loan Party shall, unless the Required Lenders otherwise
consent, (i) cause each Subsidiary of the Parent (excluding any Foreign Subsidiary) to become or remain a Loan Party and a Guarantor and (ii) cause each Subsidiary of the Parent (excluding any Foreign Subsidiary) formed or acquired after
the Effective Date in accordance with the terms of this Agreement to (1) become a party to this Agreement by executing the Joinder Agreement set forth as Exhibit F hereto (the “Joinder Agreement”), and (2) guarantee
payment and performance of the Guaranteed Obligations pursuant to the Guaranty. 
 (b) Upon the request of the
Agent, each Loan Party shall (i) grant Liens to the Agent, for the benefit of the Agent and the Lenders, pursuant to such documents as the Agent may reasonably deem necessary and deliver such property, documents, and instruments as the Agent
may request to perfect the Liens of the Agent in any Property of such Loan Party which constitutes Collateral, including any parcel of real Property located in the U.S. owned by any Loan Party, and (ii) in connection with the foregoing
requirements, or either of them, deliver to the Agent all items of the type required by Section 4.1 (as applicable). Upon execution and delivery of such Loan Documents and other instruments, certificates, and agreements, each such Person
shall automatically become a Guarantor hereunder and thereupon shall have all of the rights, benefits, duties, and obligations in such capacity under the Loan Documents. 

(c) Without limiting the foregoing, each Loan Party shall, and shall cause each of the Parent’s Subsidiaries which is
required to become a Loan Party pursuant to the terms of this Agreement to, execute and deliver, or cause to be executed and delivered, to the Agent such documents and agreements, and shall take or cause to be taken such actions as the Agent may,
from time to time, reasonably request to carry out the terms and conditions of this Agreement and the other Loan Documents. 

6.16. Dividends. 
 (a) No Loan Party will declare or pay any dividends or make any distributions on its Capital Stock (other than dividends or distributions payable in its own common stock) or redeem, repurchase or
otherwise acquire or retire any of its Capital Stock at any time outstanding, except that (x) any Subsidiary may declare and pay dividends or make distributions to the Borrower or to a Wholly-Owned Subsidiary of the Borrower, (y) so long
as no Default or Unmatured Default then exists or would result therefrom, if the Parent qualifies as a partnership for U.S. federal income tax purposes, it may pay 

  
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dividends or make distributions to its shareholders in an aggregate amount not greater than the amount necessary for such shareholders to pay their actual state and U.S. federal income tax
liabilities in respect of income allocated to such shareholders by the Parent and (z) so long as no Default or Unmatured Default then exists or would result therefrom, the Borrower may pay dividends or make distributions to the Parent in an
aggregate amount not to exceed $10,000,000 per Fiscal Year solely to enable the Parent to pay, as the same becomes due and payable, its overhead expenses and any legal, accounting and other professional fees and expenses it may incur.
Notwithstanding the foregoing, any Loan Party may make any dividends or distributions to its respective parent company (and the Parent may make any dividends or distributions to its equity owners) or redeem, repurchase or otherwise acquire or retire
any of its Capital Stock so long as (x) after giving pro forma effect thereto, Availability (with any Suppressed Availability being included in each calculation of Availability pursuant to this clause (x)) was not less than 17.5% of the
Aggregate Commitment for any period of three consecutive days during the six-month period ending on the date on which such dividends, distributions, redemptions, repurchases or other acquisitions or retirements of its Capital Stock were made and is
not projected to be less than 17.5% of the Aggregate Commitment during the six-month period immediately after the date on which such dividends, distributions, redemptions, repurchases or other acquisitions or retirements of its Capital Stock are
made (with such projected Availability to be determined by reference to the average projected Availability on the last day of each of the relevant six months) and (y) the Fixed Charge Coverage Ratio is not less than 1.15 to 1.00 after giving
pro forma effect to such distributions as if such distributions were paid on the first day of the relevant period; provided, however, that (1) no Default or Unmatured Default then exists or would result therefrom and (2) the
Borrower Representative has delivered a certificate of an Authorized Officer attesting to the matters set forth in clauses (x) and (y) above and showing in reasonable detail all calculations with respect thereto. 

(b) No Loan Party shall directly or indirectly enter into or become bound by any agreement, instrument, indenture or other
obligation (other than this Agreement and the other Loan Documents) that could directly or indirectly restrict, prohibit or require the consent of any Person with respect to the payment of dividends or distributions or the making or repayment of
intercompany loans by a Subsidiary of the Borrower to the Borrower. 
 6.17. Indebtedness. No Loan Party will create,
incur or suffer to exist any Indebtedness, except: 
 (a) the Obligations; 

(b) Indebtedness existing on the date hereof and described in Schedule 5.21; 

(c) purchase money Indebtedness incurred in connection with the purchase of any Equipment; provided that, the
amount of such purchase money Indebtedness shall be limited to an amount not in excess of the purchase price of such Equipment and the aggregate of all such purchase money Indebtedness incurred in any Fiscal Year shall not exceed $10,000,000 at any
time outstanding; 

  
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 (d) Indebtedness which represents an extension, refinancing, or renewal of
any of the Indebtedness described in clauses (b), (c), (g), (h) and (m) hereof; provided that, (i) other than with respect to any extension, refinancing or renewal of the Indebtedness
described in clause (m), the principal amount or interest rate of such Indebtedness is not increased (except to the extent of the capitalization of transaction fees and expenses), (ii) any Liens securing such Indebtedness are not extended to
any additional Property of any Loan Party, (iii) no Loan Party or other Subsidiary that is not originally obligated with respect to repayment of such Indebtedness is required to become obligated with respect thereto, (iv) such extension,
refinancing or renewal does not result in a shortening of the average weighted maturity of the Indebtedness so extended, refinanced, or renewed, (v) the terms of any such extension, refinancing, or renewal are not more onerous to the obligor
thereunder than the original terms of such Indebtedness and (iv) if the Indebtedness that is refinanced, renewed, or extended was subordinated in right of payment to the Obligations, then the terms and conditions of the refinancing, renewal, or
extension Indebtedness must include subordination terms and conditions that are at least as favorable to the Agent and the Lenders as those that were applicable to the refinanced, renewed, or extended Indebtedness; 

(e) Indebtedness owing by any Loan Party, other than the Parent, to any other Loan Party with respect to intercompany
loans, provided further, that: 
 (i) the applicable Loan Parties shall have executed and delivered to the
other Loan Party, on the Effective Date, a demand note (collectively, the “Intercompany Notes”) to evidence any such intercompany Indebtedness owing at any time by any Loan Party to another Loan Party, which Intercompany Notes shall
be in form and substance reasonably satisfactory to the Agent and shall be pledged and delivered to the Agent pursuant to the Security Agreement as additional collateral security for the Secured Obligations; 

(ii) the Loan Parties shall record all intercompany transactions on their books and records in accordance with GAAP
consistently applied; 
 (iii) the obligations of the Loan Parties under any such Intercompany Notes shall be
subordinated to the Obligations of the Loan Parties hereunder in a manner reasonably satisfactory to the Agent; 

(iv) at the time any such intercompany loan or advance is made by a Loan Party and after giving effect thereto, such Loan
Party shall be Solvent; and 
 (v) no Default or Unmatured Default would occur and be continuing after giving
effect to any such proposed intercompany loan; 
 (f) (i) Contingent Obligations (A) by endorsement of
instruments for deposit or collection in the ordinary course of business, (B) consisting of the Reimbursements Obligations and (C) consisting of the Guaranty and guarantees of Indebtedness incurred

  
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for the benefit of any other Loan Party (other than the Parent) if the primary obligation is not prohibited elsewhere in this Agreement and (ii) Indebtedness consisting of the excess of the
benefit obligations of each Single Employer Plan over the fair market value of the assets of each such Plan, so long as the amount of such Indebtedness for all such Single Employer Plans, determined as of the most recent valuation date for each Plan
using PBGC actuarial assumptions for single employer plan termination, does not, individually or in the aggregate, create a Material Adverse Effect; 
 (g) Capitalized Lease Obligations which in the aggregate do not exceed $2,500,000 in any Fiscal Year; 
 (h) Indebtedness assumed in connection with any Permitted Acquisition; provided that, the aggregate amount of Indebtedness assumed under this clause (h) shall not exceed $1,000,000 and
provided further that, such Indebtedness is not incurred in connection with, or in contemplation or anticipation of, such Permitted Acquisition and does not attach to any asset of the Borrower or any of its Subsidiaries; 

(i) Indebtedness arising under Rate Management Transactions, so long as such Rate Management Transactions (i) are
entered into to hedge or mitigate risks to which a Loan Party has actual exposure and (ii) are not entered into for investment or speculative purposes; 
 (j) [Intentionally omitted]; 
 (k) Parent Subordinated Debt;

 (l) other unsecured Indebtedness in an amount not in excess of $10,000,000; and 

(m) Indebtedness arising under the 2010 Parent Indenture. 

6.18. Merger. No Loan Party will merge or consolidate with or into any other Person, except that (a) any Subsidiary of the
Borrower may merge into the Borrower or a Wholly-Owned Subsidiary of the Borrower and (b) any Loan Party (other than the Borrower) may merge with any other Loan Party. 
 6.19. Sale of Assets. No Loan Party will lease, sell or otherwise dispose of its Property (including any Capital Stock owned by it) to any other Person, except: 

(a) sales of Inventory in the ordinary course of business; 

(b) the sale or other disposition of Equipment and the sale and/or leasing of real property that is obsolete or no longer
useful in such Loan Party’s business and having a book value not exceeding $10,000,000 in the aggregate in any Fiscal Year; and 

  
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 (c) the sale or disposition of other assets having a book value not
exceeding a Substantial Portion in the aggregate in any Fiscal Year. 
 The Net Cash Proceeds of any sale or disposition
permitted pursuant to this Section (other than pursuant to Section 6.19(a)) shall be delivered to the Agent as required by Section 2.15 and applied to the Obligations as set forth therein. 

6.20. Investments and Acquisitions. No Loan Party will (i) make or suffer to exist any Investments (including without
limitation, loans and advances to, and other Investments in, Subsidiaries), or commitments therefor, (ii) create any Subsidiary, (iii) become or remain a partner in any partnership or joint venture, or (iv) make any Acquisition,
except: 
 (a) Cash Equivalent Investments, subject to control agreements in favor of the Agent for the benefit
of the Lenders or otherwise subject to a perfected security interest in favor of the Agent for the benefit of the Lenders; 
 (b) Investments in Subsidiaries existing as of the Effective Date; 

(c) other Investments in existence on the Effective Date and described in Schedule 6.20; 

(d) Investments consisting of loans or advances made to employees of such Loan Party on an arms-length basis in the
ordinary course of business consistent with past practices for travel and entertainment expenses, relocation costs and similar purposes up to a maximum of $250,000 to any employee and up to a maximum of $1,000,000 in the aggregate at any one time
outstanding; 
 (e) subject to Sections 4.2(a) and 4.4 of the Security Agreement, Investments comprised of notes
payable, or stock or other securities issued by Account Debtors to such Loan Party pursuant to negotiated agreements with respect to settlement of such Account Debtor’s Accounts in the ordinary course of business, consistent with past
practices, or acquired as a result of the bankruptcy or reorganization of such Account Debtor; 
 (f) additional
Investments in Wholly-Owned Subsidiaries which are Loan Parties; 
 (g) Permitted Acquisitions and the formation
of Wholly-Owned Subsidiaries of the Borrower in connection with a Permitted Acquisition; 
 (h) other Investments
not to exceed (i) $3,000,000 in the aggregate during the 12 month period after the Effective Date and (ii) $10,000,000 in the aggregate during the term of this Agreement; and 

(i) Investments in any existing or future, direct or indirect, Subsidiary which exists for the sole purpose of obtaining
and holding a license which the Borrower deems necessary or advisable for its business; provided that (i) the total Investment in such 

  
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Subsidiary does not exceed $100,000 in the aggregate for any one such Subsidiary or $200,000 in the aggregate for all such Subsidiaries and (ii) if the failure to have such license could
reasonably be expected to have a Material Adverse Effect, the Subsidiary holding such license shall be a Guarantor. 
 6.21.
Liens. 
 (a) No Loan Party will create, incur, or suffer to exist any Lien in, of, or on the Property of
such Loan Party, except the following (collectively, “Permitted Liens”): 
 (i) Liens for taxes,
fees, assessments, or other governmental charges or levies on the Property of such Loan Party if such Liens (1) shall not at the time be delinquent or (2) subject to the provisions of Section 6.6, do not secure obligations in
excess of $1,000,000, are being contested in good faith and by appropriate proceedings diligently pursued, adequate reserves in accordance with GAAP have been set aside on the books of such Loan Party, and a stay of enforcement of such Lien is in
effect; 
 (ii) Liens imposed by law, such as carrier’s, warehousemen’s, and mechanic’s Liens and
other similar Liens arising in the ordinary course of business which secure payment of obligations not more than ten days past due or which are being contested in good faith by appropriate proceedings diligently pursued and for which adequate
reserves shall have been set aside on such Loan Party’s books; 
 (iii) statutory Liens in favor of
landlords of real Property leased by such Loan Party; provided that, such Loan Party is current with respect to payment of all rent and other amounts due to such landlord under any lease of such real Property; 

(iv) Liens arising out of pledges or deposits under worker’s compensation laws, unemployment insurance, old age
pensions, or other social security or retirement benefits, or similar legislation or to secure the performance of bids, tenders, or contracts (other than for the repayment of Indebtedness) or to secure indemnity, performance, or other similar bonds
for the performance of bids, tenders, or contracts (other than for the repayment of Indebtedness) or to secure statutory obligations (other than liens arising under ERISA or Environmental Laws) or surety or appeal bonds, or to secure indemnity,
performance, or other similar bonds; 
 (v) Leases or subleases granted to others in the ordinary course of
business, utility easements, building restrictions, and such other encumbrances or charges against real Property as are of a nature generally existing with respect to properties of a similar character, which do not in any material way affect the
marketability or impair the value of such real Property, which do not interfere with the use thereof in the business of such Loan Party and which do not impair the ability of the Agent or the Lenders to realize upon the Collateral; 

  
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 (vi) Liens existing on the Effective Date and described in Schedule
6.21; 
 (vii) Liens resulting from any extension, refinancing, or renewal of the related Indebtedness as
permitted pursuant to Section 6.17(d); provided that, the Liens evidenced thereby are not increased to cover any additional Property not originally covered thereby; 

(viii) Liens securing purchase money Indebtedness of such Loan Party permitted pursuant to Section 6.17(c);
provided that, such Liens attach only to the Property which was purchased with the proceeds of such purchase money Indebtedness; 
 (ix) Liens on property or assets (other than Accounts and Inventory) acquired pursuant to a Permitted Acquisition, or on property or assets (other than Accounts and Inventory) of a Loan Party in existence
at the time such Loan Party is acquired pursuant to a Permitted Acquisition, provided that (1) any Indebtedness that is secured by such Liens is permitted under Section 6.17, and (2) such Liens are not incurred in
connection with, or in contemplation or anticipation of, such Permitted Acquisition and do not attach to any asset of any other Loan Party; 
 (x) Liens in favor of the Agent granted pursuant to any Loan Document and Liens in respect of other Secured Obligations; 

(xi) [Intentionally omitted]; and 
 (xii) any attachment or judgment Lien, unless the judgment it secures shall not, within 30 days after notice of the entry thereof, have been discharged or execution thereof stayed pending appeal or
review, or shall not have been discharged within 30 days after expiration of any such stay. 
 (b)
Notwithstanding the foregoing, none of the Liens permitted pursuant to this Section 6.21, other than (1) clauses (i), (x) and (xi) above, may at any time attach to any Accounts of any Loan Party and
(2) clauses (i) through (iii), (x) and (xi) above, may at any time attach to any Inventory of any Loan Party. 
 (c) Other than as provided in the Loan Documents, the 2010 Parent Indenture or in connection with the creation or incurrence of any Indebtedness under Section 6.17(c), no Loan Party will enter
into or become subject to any negative pledge or other restriction on the right of such Loan Party to grant Liens to the Agent and the Lenders on any of its Property; provided that, any such negative pledge or other restriction entered into
in connection with the creation of Indebtedness under Section 6.17(c) shall be limited to the Property securing such purchase money Indebtedness. 

  
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 6.22. Change of Name or Location; Change of Fiscal Year. No Loan Party shall
(a) change its name as it appears in official filings in the state of its incorporation or organization, (b) change its chief executive office, principal place of business, mailing address, corporate offices or warehouses or locations at
which Collateral is held or stored, or the location of its records concerning the Collateral as set forth in the Security Agreement, (c) change the type of entity that it is for state law or income tax purposes, (d) change its organization
identification number, if any, issued by its state of incorporation or other organization or (e) change its state of incorporation or organization, in each case, unless (1) the Agent shall have received at least thirty days prior written
notice of such change and (2) the Agent shall have acknowledged in writing that, either (i) such change will not adversely affect the validity, perfection or priority of the Agent’s security interest in the Collateral, or
(ii) any reasonable action requested by the Agent in connection therewith has been completed or taken (including any action to continue the perfection of any Liens in favor of the Agent, on behalf of Lenders, in any Collateral), provided
that, any new location shall be in the continental U.S. No Loan Party shall change its Fiscal Year. Notwithstanding the foregoing, the Parent may make an election to be treated as a corporation or association for income tax purposes only without
meeting the requirements of (1) and (2) of this Section 6.22 provided that the Agent shall receive written notice of the election within 10 days of the date such election was made and that the election will not materially
increase the combined income tax liability of the Loan Parties. 
 6.23. Affiliate Transactions. No Loan Party will enter
into any transaction (including, without limitation, the purchase or sale of any Property or service) with, or make any payment or transfer (including, without limitation, any payment or transfer with respect to any fees or expenses for management
services) to, any Affiliate which is not a Loan Party except in the ordinary course of business and pursuant to the reasonable requirements of such Loan Party’s business and upon fair and reasonable terms no less favorable to such Loan Party
than such Loan Party would obtain in a comparable arms-length transaction. No Loan Party shall pay any amount in respect of Management Fees and Expenses; provided that, so long as no Default or Unmatured Default then exists or would result
therefrom (after giving pro forma effect thereto), the Parent may pay Management Fees and Expenses to the General Partner pursuant to the Second Amended and Restated Agreement of Limited Partnership, as in effect on the date hereof. 

6.24. Amendments to Agreements. No Loan Party will, nor will any Loan Party permit any of its Subsidiaries to, amend, modify,
terminate or waive any of its rights under its articles of incorporation, charter, certificate of formation, by-laws, operating, management or partnership agreement or other organizational document or the 2010 Parent Indenture to the extent any such
amendment, modification, termination or waiver would be materially adverse to the Lenders. 

  
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 6.25. Prepayment of Indebtedness; Subordinated Indebtedness. 

(a) No Loan Party shall, directly or indirectly, voluntarily purchase, redeem, defease or prepay any principal of,
premium, if any, interest or other amount payable in respect of any Indebtedness prior to its scheduled maturity, other than (i) the Obligations; (ii) Indebtedness secured by a Permitted Lien if the asset securing such Indebtedness has
been sold or otherwise disposed of; (iii) Indebtedness permitted by Section 6.17(d) upon any refinancing thereof in accordance therewith; (iv) Indebtedness permitted by Section 6.17 (c), (e) and (g); and
(v) other Indebtedness in respect of the 2010 Parent Notes so long as, with respect to this clause (v), (A) after giving pro forma effect to such voluntary purchase, redemption, defeasance or prepayment, Availability (with any Suppressed
Availability being included in each calculation of Availability pursuant to this clause (x)) was not less than 17.5% of the Aggregate Commitment for any period of three consecutive days during the six-month period ending on the date on which such
voluntary purchase, redemption, defeasance or prepayment was made and is not projected to be less than 17.5% of the Aggregate Commitment during the six-month period immediately after the date on which such voluntary purchase, redemption, defeasance
or prepayment is made (with such projected Availability to be determined by reference to the average projected Availability on the last day of each of the relevant six months), (B) the Fixed Charge Coverage Ratio is at least 1.15 to 1.0 on a
pro forma basis for such voluntary purchase, redemption, defeasance or prepayment, and (C) the Borrower Representative has delivered a certificate of an Authorized Officer attesting to the matters set forth in clauses (v)(A) and (B) above
and showing in reasonable detail all calculations with respect thereto; provided that, notwithstanding the foregoing, in no event shall any voluntary purchase, redemption, defeasance or prepayment in respect of the 2010 Parent Notes be
permitted on any day during any Seasonal Availability Period or the Business Day immediately following any Seasonal Availability Period. 
 (b) No Loan Party shall make any amendment or modification that is in any way adverse to the interests of the Lenders, to the indenture, note or other agreement evidencing or governing any Subordinated
Indebtedness, or directly or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or otherwise acquire, any Subordinated Indebtedness. 
 6.26. Financial Contracts. No Loan Party shall enter into or remain liable upon any Financial Contract, except for Rate Management Transactions permitted by Section 6.17 and
Section 6.33. 
 6.27. Capital Expenditures. The Loan Parties shall not expend, or be committed to expend, in
excess of $7,500,000 for Capital Expenditures during any Fiscal Year in the aggregate for the Parent and its Subsidiaries; provided however, that the amount of permitted Capital Expenditures will be increased in any Fiscal Year by the amount,
if positive, equal to 50% of the difference between the Capital Expenditures limit specified above minus the actual amount of any Capital Expenditures expended during the prior Fiscal Year (the “Carry Over Amount”). Any Carry
Over Amount may only be carried over to the next succeeding year. 

  
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 6.28. Financial Covenant. To the extent Availability is at any time less than 12.5%
of the Aggregate Commitment, the Borrower will not permit the Fixed Charge Coverage Ratio at any such time to be less than 1.1 to 1.0. 
 6.29. Depository Banks. Each Loan Party shall maintain either (a) the Agent or (b) any other financial institution reasonably acceptable to the Agent that has executed and delivered to
the Agent satisfactory control agreements, as such Loan Party’s principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its
business. 
 6.30. Real Property Purchases. Except as otherwise permitted in connection with a Permitted Acquisition, no
Loan Party shall purchase a fee simple ownership interest in real Property with an aggregate purchase price in excess of $2,000,000.  
 6.31. Sale of Accounts. No Loan Party will, nor will any Loan Party permit its Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

 6.32. Parent. The Parent shall not engage in any trade or business, or own any assets (other than the Capital Stock of
its Subsidiaries) or incur any Indebtedness (other than the Secured Obligations, its existing Indebtedness (including the 2010 Parent Notes permitted under Section 6.17(m) and Guaranties); provided that the Parent may also (x) incur
Indebtedness to the extent incurred to refinance the 2010 Parent Notes pursuant to Section 6.17(d) and (y) incur Indebtedness that is subordinated to the Obligations on terms satisfactory to the Agent in its Permitted Discretion
(“Parent Subordinated Debt”); provided further that, in the case of clause (y) above, (i) the Net Cash Proceeds of such Parent Subordinated Debt are contributed to Petro as a common equity contribution and
(ii) the Parent has provided the Agent with all documents evidencing such Parent Subordinated Debt at least 5 Business Days prior to the issuance or incurrence thereof. 
 6.33. Fixed Price Supply Contracts; Certain Policies. 
 (a)
No Loan Party will at any time be a party or subject to any contract for the purchase or supply by such parties of any product except where (i) the purchase price is set with reference to a spot index or indices substantially contemporaneously
with the delivery of such product or (ii) delivery of such product is to be made no more than 18 

  
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months after the purchase price is agreed to (subject to appropriate hedging with respect to the delivery of such products in accordance with the hedging policies of the relevant Loan Parties).

 (b) No Loan Party will amend, modify or waive the hedging policy or supply inventory position policy referred
to in Section 5.33, except that any Loan Party may enter into Commodity Hedging Agreements as permitted under the other provisions hereof. Such Loan Party will provide the Agent and the Lenders with prompt written notice of any such new
Commodity Hedging Agreement. Subject to the foregoing exception, each Loan Party will comply in all material respects with such policies at all times. 
 ARTICLE VII 
 DEFAULTS 

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

(a) any representation or warranty made or deemed made by or on behalf of any Loan Party to any Lender or the Agent under
or in connection with this Agreement, any other Loan Document, any Credit Extension, or any certificate or information delivered in connection with any of the foregoing shall be materially false on the date as of which made; 

(b) (i) nonpayment, when due (whether upon demand or otherwise), of any principal owing under any of the Loan
Documents and (ii) nonpayment, within 2 days after it is due, of any interest, fee, Reimbursement Obligation or any other obligation owing under any of the Loan Documents; 

(c) the breach by any Loan Party of any of the terms or provisions of Section 6.1, 6.2, 6.3(a), 6.13, 6.14,
6.16 through 6.34; 
 (d) the breach by any Loan Party (other than a breach which constitutes a
Default under another Section of this Article VII) of any of the terms or provisions of (i) Section 6.3 (other than Section 6.3(a)) or 6.4 through 6.15 of this Agreement which is not remedied within
10 days after the earlier of such breach or written notice from the Agent or any Lender or (ii) any other Section of this Agreement which is not remedied within 20 days after the earlier of such breach or written notice from the Agent or any
Lender; 
 (e) failure of any Loan Party to pay when due any Material Indebtedness or a default, breach or other
event occurs under any term, provision or condition contained in any Material Indebtedness Agreement of any Loan Party, the effect of which default, event or condition is to cause, or to permit the holder(s) of such Material Indebtedness or the
lender(s) under any Material Indebtedness Agreement to cause, such Material Indebtedness to become due prior to its stated maturity or any commitment to lend under any Material Indebtedness Agreement to be terminated prior to its stated expiration
date; any Material Indebtedness of any Loan Party shall be declared to be due and payable or 

  
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required to be prepaid or repurchased (other than by a regularly scheduled payment) prior to the stated maturity thereof; or any Loan Party shall not pay, or admit in writing its inability to
pay, its debts generally as they become due; 
 (f) any Loan Party shall (i) have an order for relief
entered with respect to it under the Bankruptcy Code as now or hereafter in effect, (ii) make an assignment for the benefit of creditors, (iii) apply for, seek, consent to, or acquiesce in, the appointment of a receiver, custodian,
trustee, examiner, liquidator or similar official for it or any portion of its Property which constitutes a Substantial Portion, (iv) institute any proceeding seeking an order for relief under the Bankruptcy Code as now or hereafter in effect
or seeking to adjudicate it a bankrupt or insolvent, or seeking dissolution, winding up, liquidation, reorganization, arrangement, adjustment or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or
relief of debtors or fail to file an answer or other pleading denying the material allegations of any such proceeding filed against it, (v) take any corporate or partnership action to authorize or effect any of the foregoing actions set forth
in this subsection (f) or (vi) fail to contest in good faith any appointment or proceeding described in subsection (g) below; 
 (g) a receiver, trustee, examiner, liquidator or similar official shall be appointed for any Loan Party or any portion of its Property which constitutes a Substantial Portion, or a proceeding described in
subsection (f)(iv) of Article VII shall be instituted against any Loan Party and such appointment continues undischarged or such proceeding continues undismissed or unstayed for a period of sixty consecutive days; 

(h) any court, government or governmental agency shall condemn, seize or otherwise appropriate, or take custody or control
of, all or any portion of the Property of any Loan Party which, when taken together with all other Property of any Loan Party so condemned, seized, appropriated, or taken custody or control of, during the twelve-month period ending with the month in
which any such action occurs, constitutes a Substantial Portion; 
 (i) any loss, theft, damage or destruction of
any item or items of Collateral or other property of any Loan Party occurs which could reasonably be expected to cause a Material Adverse Effect and is not adequately covered by insurance; 

(j) any Loan Party shall fail within thirty days to pay, bond or otherwise discharge one or more (i) judgments or
orders for the payment of money in excess of $500,000 (or the equivalent thereof in currencies other than U.S. Dollars) in the aggregate, or (ii) nonmonetary judgments or orders which, individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect, which judgments or orders, in any such case, are not stayed on appeal or otherwise being appropriately contested in good faith by proper proceedings diligently pursued; 

(k) any Change in Control shall occur; 

  
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 (l) an ERISA Event shall have occurred which, together with all such other
ERISA Events that have occurred, singly or in the aggregate, could reasonably be expected to have a Material Adverse Effect; 
 (m) any Loan Party shall (i) be the subject of any proceeding or investigation pertaining to the release by any Loan Party or any other Person of any toxic or hazardous waste or substance into the
environment, or (ii) violate any Environmental Law, which, in the case of an event described in clause (i) or clause (ii), could reasonably be expected to have a Material Adverse Effect; 

(n) the occurrence of any “default”, as defined in any Loan Document (other than this Agreement) or the breach
of any of the terms or provisions of any Loan Document (other than this Agreement), which default or breach continues beyond any period of grace therein provided; 

(o) the Guaranty or the partnership agreement of the Parent shall fail to remain in full force or effect or any action
shall be taken to discontinue or to assert the invalidity or unenforceability of the Guaranty or the partnership agreement of the Parent, or any Guarantor shall fail to comply with any of the terms or provisions of the Guaranty to which it is a
party, or any Guarantor shall deny that it has any further liability under the Guaranty to which it is a party, or shall give notice to such effect; 
 (p) any Collateral Document shall for any reason fail to create a valid and perfected first priority security interest in any Collateral purported to be covered thereby, except as permitted by the terms
of any Collateral Document, or any Collateral Document shall fail to remain in full force or effect or any action shall be taken to discontinue or to assert the invalidity or unenforceability of any Collateral Document, or any Loan Party shall fail
to comply with any of the terms or provisions of any Collateral Document; 
 (q) any material provision of any
Loan Document for any reason ceases to be valid, binding and enforceable in accordance with its terms (or any Loan Party shall challenge the enforceability of any Loan Document or shall assert in writing, or engage in any action or inaction based on
any such assertion, that any provision of any of the Loan Documents has ceased to be or otherwise is not valid, binding and enforceable in accordance with its terms); 

(r) the representations and warranties set forth in Section 5.17 (Plan Assets; Prohibited Transactions) shall
at any time not be true and correct; or 
 (s) the Borrower or any of its Subsidiaries shall fail to pay when due
any Operating Lease Obligation in excess of $750,000. 

  
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 ARTICLE VIII 
 REMEDIES; WAIVERS AND AMENDMENTS 
 8.1. Remedies. 

(a) If any Default occurs, the Agent may in its discretion (and at the written request of the Required Lenders, shall)
(i) reduce or terminate the Aggregate Commitment or the Commitment, (ii) reduce the advance rates set forth in the definition of the Borrowing Base or reduce one or more of the other elements used in computing the Borrowing Base,
(iii) terminate or suspend the obligations of the Lenders to make Loans hereunder and the obligation and power of the LC Issuer to issue Facility LCs, (iv) declare all or any portion of the Obligations to be due and payable, whereupon such
Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which the Borrower hereby expressly waives, (v) upon notice to the Borrower Representative and in addition to the
continuing right to demand payment of all amounts payable under this Agreement, the Agent may either (1) make demand on the Borrower to pay, and the Borrower will, forthwith upon such demand and without any further notice or act, pay to the
Agent an amount, in immediately available funds (which funds shall be held in the Facility LC Collateral Account), equal to 105% of the Collateral Shortfall Amount or (2) deliver a Supporting Letter of Credit as required by
Section 2.1.2(l), whichever the Agent may specify in its sole discretion, (vi) increase the rate of interest applicable to the Loans and the LC Fees as set forth in this Agreement and (vii) exercise any rights and remedies
provided to the Agent under the Loan Documents or at law or equity, including all remedies provided under the UCC. 
 (b) If any Default described in subsections (f) or (g) of Article VII occurs with respect to any Loan Party, the obligations of the Lenders to make Loans hereunder and the
obligation and power of the LC Issuer to issue Facility LCs shall automatically terminate and all Obligations shall immediately become due and payable without any election or action on the part of the Agent, the LC Issuer or any Lender and the Loan
Parties will be and become thereby unconditionally obligated, without any further notice, act or demand, to pay to the Agent an amount equal to 105% of the Collateral Shortfall Amount, which funds shall be deposited in the Facility LC Collateral
Account. 
 (c) If, within thirty days after acceleration of the maturity of the Obligations or termination of
the obligations of the Lenders to make Loans and the obligation and power of the LC Issuer to issue Facility LCs hereunder as a result of any Default (other than any Default as described in subsections (f) or (g) of Article
VII with respect to the Borrower) and before any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders (in their sole discretion) shall so direct, the Agent shall, by notice to the
Borrower Representative, rescind and annul such acceleration and/or termination. 
 (d) If at any time while any
Default is continuing, the Agent determines that the Collateral Shortfall Amount at such time is greater than zero, the Agent may make demand on the Borrower (upon notice to the Borrower Representative) to pay, and the Borrower will, forthwith upon
such demand and without any further notice or act, pay to the Agent an amount equal to 105% of the Collateral Shortfall Amount, which funds shall be deposited in the Facility LC Collateral Account. The Borrower hereby pledges, assigns, and grants to
the Agent, on behalf of and for the benefit of the Agent, the Lenders, and the LC Issuer, a security interest in all of the Borrower’s right, title, and 

  
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interest in and to all funds which may from time to time be on deposit in the Facility LC Collateral Account to secure the prompt and complete payment and performance of the Obligations.

 (e) The Agent may at any time or from time to time after funds are deposited in the Facility LC Collateral
Account, apply such funds to the payment of the Obligations and any other amounts as shall from time to time have become due and payable by the Borrower to the Lenders or the LC Issuer under the Loan Documents. 

(f) At any time while any Default is continuing, neither the Borrower nor any Person claiming on behalf of or through the
Borrower shall have any right to withdraw any of the funds held in the Facility LC Collateral Account. After all of the Secured Obligations have been indefeasibly paid in full and the Aggregate Commitment has been terminated, any funds remaining in
the Facility LC Collateral Account shall be returned by the Agent to the Borrower or paid to whomever may be legally entitled thereto at such time. 
 8.2. Waivers by Loan Parties. Except as otherwise provided for in this Agreement or by applicable law, each Loan Party waives: (a) presentment, demand and protest and notice of presentment,
dishonor, notice of intent to accelerate, notice of acceleration, protest, default, nonpayment, maturity, release, compromise, settlement, extension or renewal of any or all commercial paper, accounts, contract rights, documents, instruments,
chattel paper and guaranties at any time held by the Agent on which any Loan Party may in any way be liable, and hereby ratifies and confirms whatever the Agent may do in this regard, (b) all rights to notice and a hearing prior to the
Agent’s taking possession or control of, or to the Agent’s replevy, attachment or levy upon, the Collateral or any bond or security that might be required by any court prior to allowing the Agent to exercise any of its remedies, and
(c) the benefit of all valuation, appraisal, marshaling and exemption laws. 
 8.3. Amendments 

(a) Subject to the provisions of this Section 8.3, no amendment, waiver or modification of any provision of
this Agreement or any other Loan Document, and no consent with respect to any departure by any Loan Party therefrom, shall be effective unless the same shall be in writing and signed by the Required Lenders (or the Agent with the consent in writing
of the Required Lenders) and the Loan Parties and then any such waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given; provided, however, that no such amendment,
waiver or modification shall (i) include additional categories of Collateral in the Borrowing Base if such inclusion would increase Availability, (ii) increase the amount to be added to the calculation of the Borrowing Base pursuant to
clause (e) of the definition thereof or (iii) modify any Eligibility Definition if such modification would increase Availability, in each case, without the prior written consent of the Lenders in the aggregate holding at least 75% of the
Aggregate Commitment or, if the Aggregate Commitment has been terminated, Lenders in the aggregate holding at least 75% of the Aggregate Credit Exposure. 

  
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 (b) Notwithstanding subsection (a) above, no such amendment,
waiver or other modification with respect to this Agreement shall 
 (i) without the consent of each Lender
directly affected thereby: 
 (A) extend the final maturity of any Loan to a date after the Facility Termination
Date; 
 (B) postpone any regularly scheduled payment of principal of any Loan or reduce or forgive all or any
portion of the principal amount of any Loan or any Reimbursement Obligation or reduce the amount or extend the payment date for, the mandatory payments required under Article II; 

(C) reduce the rate or extend the time of payment of interest or fees payable to the Lenders pursuant to any Loan
Document; 
 (D) extend the Facility Termination Date; 

(E) increase the amount of the Commitment of any Lender hereunder (other than pursuant to Section 12.3); or

 (F) amend this Section 8.3; and 

(ii) without the consent of all of the Lenders: 

(A) increase the percentage advances rates set forth in the definition of Borrowing Base; 

(B) change Section 2.18 hereof in any manner that would alter the sharing of payments required thereunder;

 (C) reduce the percentage or number of Lenders specified in the definition of Required Lenders or eliminate or
reduce the voting rights of any Lender under this Section 8.3; 
 (D) permit any Loan Party to assign
its rights under this Agreement; 
 (E) release all or substantially all of the Guarantors; or 

(F) except as provided in any Collateral Document, release all or substantially all of the Collateral. 

(c) No amendment of any provision of this Agreement relating to the Agent or to the Non-Ratable Loans, the Swingline
Loans, the Overadvances or the Protective Advances shall be effective without the written consent of the Agent. No amendment of any provision relating to the LC Issuer shall be effective without the written consent of the LC Issuer. The Agent may
(i) amend Schedule I to reflect assignments entered into pursuant to Section 12.3 and (ii) waive payment of the fee required under Section 12.3(c) without obtaining the consent of any other party to this
Agreement. 

  
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 (d) If, in connection with any proposed amendment, waiver or consent (a
“Proposed Change”) requiring the consent of all Lenders, the consent of the Required Lenders is obtained, but the consent of other Lenders is not obtained (any such Lender whose consent is not obtained being referred to herein as a
“Non-Consenting Lender”), then, so long as the Agent is not a Non-Consenting Lender, the Borrower may elect to replace such Non-Consenting Lender as a Lender party to this Agreement, provided that, concurrently with such
replacement, (i) another bank or other entity which is reasonably satisfactory to the Borrower and the Agent shall agree, as of such date, to purchase for cash the Advances and other Obligations due to the Non-Consenting Lender pursuant to an
Assignment Agreement (provided that, if such purchase is otherwise made in accordance with the terms hereof, the Administrative Agent may, in its sole discretion, deem such purchase to have been made pursuant to an Assignment Agreement
without requiring the execution of an Assignment Agreement by any party, and each party hereto hereby agrees for all purposes hereunder and under the other Loan Documents that such purchase shall be deemed to have been effected pursuant to an
executed Assignment Agreement in respect of such purchased amount and each Person that would have otherwise been required to be a party thereto shall be bound by the provisions thereof) and to become a Lender for all purposes under this Agreement
and to assume all obligations of the Non-Consenting Lender to be terminated as of such date and to comply with the requirements of Section 12.3 applicable to assignments, and (ii) the Borrower shall pay to such Non-Consenting Lender
in same day funds on the day of such replacement (1) all interest, fees and other amounts then accrued but unpaid to such Non-Consenting Lender by the Borrower hereunder to and including the date of termination, including without limitation
payments due to such Non-Consenting Lender under Sections 3.1, 3.2 and 3.5, and (2) an amount, if any, equal to the payment which would have been due to such Lender on the day of such replacement under Section 3.4 had
the Loans of such Non-Consenting Lender been prepaid on such date rather than sold to the replacement Lender.  
 8.4.
Preservation of Rights. No delay or omission of the Lenders, the LC Issuer or the Agent to exercise any right under the Loan Documents shall impair such right or be construed to be a waiver of any Default or an acquiescence therein, and the
making of a Credit Extension notwithstanding the existence of a Default or the inability of the Borrower to satisfy the conditions precedent to such Credit Extension shall not constitute any waiver or acquiescence. Any single or partial exercise of
any such right shall not preclude other or further exercise thereof or the exercise of any other right, and no waiver, amendment or other variation of the terms, conditions or provisions of the Loan Documents whatsoever shall be valid unless in
writing signed by the Lenders required pursuant to Section 8.3, and then only to the extent in such writing specifically set forth. All remedies contained in the Loan Documents or by law afforded shall be cumulative and all shall be
available to the Agent, the LC Issuer and the Lenders until the Obligations have been paid in full. 

  
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 ARTICLE IX 
 GENERAL PROVISIONS 
 9.1. Survival of Representations. All
representations and warranties of the Loan Parties contained in this Agreement and the other Loan Documents shall survive the execution and delivery of the Loan Documents and the making of the Credit Extensions herein contemplated. 

9.2. Governmental Regulation. Anything contained in this Agreement to the contrary notwithstanding, neither the LC Issuer nor any
Lender shall be obligated to extend credit to the Borrower in violation of any limitation or prohibition provided by any applicable statute or regulation. 
 9.3. Headings. Section headings in the Loan Documents are for convenience of reference only, and shall not govern the interpretation of any of the provisions of the Loan Documents. 

9.4. Entire Agreement. The Loan Documents embody the entire agreement and understanding among the Loan Parties, the Agent, the LC
Issuer and the Lenders and supersede all prior agreements and understandings among the Loan Parties, the Agent and the Lenders relating to the subject matter thereof other than those contained in the Fee Letter which shall survive and remain in full
force and effect during the term of this Agreement. 
 9.5. Several Obligations; Benefits of this Agreement. The
respective obligations of the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other lender (except to the extent to which the Agent is authorized to act as administrative agent for the Lenders
hereunder). The failure of any Lender to perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person
other than the parties to this Agreement and their respective successors and assigns, provided however, that the parties hereto expressly agree that the Arranger shall enjoy the benefits of the provisions of Sections 9.6, 9.10
and 10.11 to the extent specifically set forth therein and shall have the right to enforce such provisions on its own behalf and in its own name to the same extent as if it were a party to this Agreement. 

9.6. Expenses; Indemnification 
 (a) Expenses. The Borrower shall reimburse the Agent and the Arrangers for any costs, internal charges and reasonable out-of-pocket expenses (including attorneys’ fees and time charges of
attorneys for the Agent, which attorneys may be employees of the Agent) paid or incurred by the Agent or the Arrangers in connection with the preparation, 

  
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negotiation, execution, delivery, syndication, distribution (including, without limitation, via the internet or through a service such as IntraLinks), review, amendment, modification, and
administration of the Loan Documents. The Borrower also agrees to reimburse the Agent, the Arrangers, the LC Issuer and the Lenders for any costs, internal charges and out-of-pocket expenses (including attorneys’ fees and time charges of
attorneys for the Agent, the Arrangers, the LC Issuer and the Lenders, which attorneys may be employees of the Agent, the Arrangers, the LC Issuer or the Lenders) paid or incurred by the Agent, the Arrangers, the LC Issuer or any Lender in
connection with the collection and enforcement of the Loan Documents. Expenses being reimbursed by the Borrower under this Section include, without limitation, costs and expenses incurred in connection with: 

(i) appraisals of all or any portion of the Collateral, including each parcel of real Property or interest in real
Property, Machinery or Equipment described in any Collateral Document, which appraisals shall be in conformity with the applicable requirements of any law or any governmental rule, regulation, policy, guideline or directive (whether or not having
the force of law), or any interpretation thereof, including, without limitation, the provisions of Title XI of FIRREA, and any rules promulgated to implement such provisions (including reasonable travel, lodging, meals and other out of pocket
expenses); 
 (ii) field examinations and audits and the preparation of Reports at the Agent’s then
customary charge, plus reasonable travel, lodging, meals and other out of pocket expenses; 
 (iii) any
amendment, modification, supplement, consent, waiver or other documents prepared with respect to any Loan Document and the transactions contemplated thereby; 
 (iv) lien and title searches and title insurance; 
 (v) taxes, fees
and other charges for recording the Mortgages, filing financing statements and continuations, and other actions to perfect, protect, and continue the Agent’s Liens (including costs and expenses paid or incurred by the Agent in connection with
the consummation of the Agreement); 
 (vi) sums paid or incurred to take any action required of any Loan Party
under the Loan Documents that such Loan Party fails to pay or take; 
 (vii) any litigation, contest, dispute,
proceeding or action (whether instituted by Agent, the LC Issuer, any Lender, any Loan Party or any other Person and whether as to party, witness or otherwise) in any way relating to the Collateral, the Loan Documents or the transactions
contemplated thereby; and 
 (viii) costs and expenses of forwarding loan proceeds, collecting checks and other
items of payment, and establishing and maintaining the Funding Account and lock boxes, and costs and expenses of preserving and protecting the Collateral. 

  
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 The foregoing shall not be construed to limit any other provisions of the
Loan Documents regarding costs and expenses to be paid by the Borrower. All of the foregoing costs and expenses may be charged to the Borrower’s Funding Account as Revolving Loans or to another deposit account, all as described in
Section 2.17(b). 
 (b) Indemnification. The Borrower hereby further agrees to indemnify the
Agent, the Arrangers, the LC Issuer, each Lender, their respective Affiliates, and each of their directors, officers and employees against all losses, claims, damages, penalties, judgments, liabilities and expenses (including, without limitation,
all expenses of litigation or preparation therefor whether or not the Agent, the Arrangers, the LC Issuer, any Lender or any Affiliate is a party thereto) which any of them may pay or incur arising out of or relating to this Agreement, the other
Loan Documents, the transactions contemplated hereby or the direct or indirect application or proposed application of the proceeds of any Credit Extension hereunder except to the extent that they are determined in a final non-appealable judgment by
a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the party seeking indemnification. The obligations of the Borrower under this Section 9.6 shall survive the termination of this
Agreement. 
 9.7. Numbers of Documents. All statements, notices, closing documents, and requests hereunder shall be
furnished to the Agent with sufficient counterparts so that the Agent may furnish one to each of the Lenders. 
 9.8.
Accounting. Except as provided to the contrary herein, all accounting terms used herein shall be interpreted and all accounting determinations hereunder shall be made in accordance with GAAP in a manner consistent with that used in preparing
the financial statements referred to in Section 5.5. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and the Borrower (through the Borrower
Representative), the Agent or the Required Lenders shall so request the Agent, the Lenders and the Loan Parties shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP
(subject to the approval of the Required Lenders), provided that, until so amended, such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and the Borrower shall provide to the Agent and
the Lenders reconciliation statements showing the difference in such calculation, together with the delivery of monthly, quarterly and annual financial statements required hereunder. 

9.9. Severability of Provisions. Any provision in any Loan Document that is held to be inoperative, unenforceable, or invalid in
any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the operation, enforceability, or validity of that provision in any other jurisdiction, and
to this end the provisions of all Loan Documents are declared to be severable. 

  
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 9.10. Nonliability of Lenders. The relationship between any Loan Party on the one
hand and the Lenders, the LC Issuer and the Agent on the other hand shall be solely that of debtor and creditor. Neither the Agent, the Arrangers, the LC Issuer nor any Lender shall have any fiduciary responsibilities to any Loan Party. Neither the
Agent, the Arrangers, the LC Issuer nor any Lender undertakes any responsibility to any Loan Party to review or inform such Loan Party of any matter in connection with any phase of any Loan Party’s business or operations. The Loan Parties agree
that neither the Agent, the Arrangers, the LC Issuer nor any Lender shall have liability to any Loan Party (whether sounding in tort, contract or otherwise) for losses suffered by any Loan Party in connection with, arising out of, or in any way
related to, the transactions contemplated and the relationship established by the Loan Documents, or any act, omission or event occurring in connection therewith, unless it is determined in a final non-appealable judgment by a court of competent
jurisdiction that such losses resulted from the gross negligence or willful misconduct of the party from which recovery is sought. Neither the Agent, the Arrangers, the LC Issuer nor any Lender shall have any liability with respect to, and each Loan
Party hereby waives, releases and agrees not to sue for, any special, indirect, consequential or punitive damages suffered by any Loan Party in connection with, arising out of, or in any way related to the Loan Documents or the transactions
contemplated thereby. 
 9.11. Confidentiality. The Agent and each Lender agrees to hold any confidential information
which it may receive from the Borrower in connection with this Agreement in confidence, except for disclosure (a) to its Affiliates and to the Agent and any other Lender and their respective Affiliates, (b) to legal counsel, accountants,
and other professional advisors to such Lender or to a Transferee or proposed Transferee, (c) to regulatory officials, (d) to any Person as requested pursuant to or as required by law, regulation, or legal process, (e) to any Person
in connection with any legal proceeding to which it is a party, (f) to its direct or indirect contractual counterparties in swap agreements or to legal counsel, accountants and other professional advisors to such counterparties,
(g) permitted by Section 12.4, (h) to rating agencies if requested or required by such agencies in connection with a rating relating to the Credit Extensions hereunder and (i) in connection with the exercise of any remedy
hereunder or under any other Loan Document. Without limiting Section 9.4, the Borrower agrees that the terms of this Section 9.11 shall set forth the entire agreement between the Borrower and each Lender (including the Agent) with
respect to any confidential information previously or hereafter received by such Lender in connection with this Agreement, and this Section 9.11 shall supersede any and all prior confidentiality agreements entered into by such Lender
with respect to such confidential information. 
 9.12. Nonreliance. Each Lender hereby represents that it is not relying
on or looking to any Margin Stock for the repayment of the Credit Extensions provided for herein. 

  
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 9.13. Disclosure. Each Loan Party and each Lender hereby acknowledges and agrees that
Chase and/or its Affiliates from time to time may hold investments in, make other loans to or have other relationships with any of the Loan Parties and their respective Affiliates. In addition, each Loan Party and each Lender hereby acknowledges
that Chase and/or its Affiliates may also purchase certain equity interests in one or more Loan Parties, make a subordinated loan to the Borrower and receive a warrant from the Borrower, invest in a fund that has invested debt or equity directly or
indirectly in one or more Loan Parties and/or act as a financial or other advisor, placement or similar agent or underwriter for one or more Loan Parties. 
 9.14. USA PATRIOT ACT. Each Lender that is subject to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”) hereby
notifies the Borrower that pursuant to the requirements of the Act, 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 Act. 
 ARTICLE X 

THE AGENT 
 10.1. Appointment; Nature of Relationship. Chase is hereby appointed by each of the Lenders as its contractual representative (referred to in this Section 10.1 in such capacity as the
“Agent”) hereunder and under each other Loan Document (including, without limitation, as “Collateral Agent” under each of the Collateral Documents), and each of the Lenders irrevocably authorizes the Agent to act as the
contractual representative of such Lender with the rights and duties expressly set forth herein and in the other Loan Documents. The Agent agrees to act as such contractual representative upon the express conditions contained in this Article X.
Notwithstanding the use of the defined term “Agent,” it is expressly understood and agreed that the Agent shall not have any fiduciary responsibilities to any Lender by reason of this Agreement or any other Loan Document and that the Agent
is merely acting as the contractual representative of the Lenders with only those duties as are expressly set forth in this Agreement and the other Loan Documents. In its capacity as the Lenders’ contractual representative, the Agent
(a) does not hereby assume any fiduciary duties to any of the Lenders, (b) is a “representative” of the Lenders within the meaning of the term “secured party” as defined in the New York Uniform Commercial Code and
(c) is acting as an independent contractor, the rights and duties of which are limited to those expressly set forth in this Agreement and the other Loan Documents. Each of the Lenders hereby agrees to assert no claim against the Agent on any
agency theory or any other theory of liability for breach of fiduciary duty, all of which claims each Lender hereby waives. 

10.2. Powers. The Agent shall have and may exercise such powers under the Loan Documents as are specifically delegated to the
Agent by the terms of each thereof, together with such powers as are 

  
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reasonably incidental thereto. The Agent shall have no implied duties to the Lenders, or any obligation to the Lenders to take any action thereunder except any action specifically provided by the
Loan Documents to be taken by the Agent. 
 10.3. General Immunity. Neither the Agent nor any of its directors, officers,
agents or employees shall be liable to the Borrower, the Lenders or any Lender for any action taken or omitted to be taken by it or them hereunder or under any other Loan Document or in connection herewith or therewith except to the extent such
action or inaction is determined in a final non-appealable judgment by a court of competent jurisdiction to have arisen from the gross negligence or willful misconduct of such Person. 

10.4. No Responsibility for Credit Extensions, Recitals, etc. Neither the Agent nor any of its directors, officers, agents or
employees shall be responsible for or have any duty to ascertain, inquire into, or verify (a) any statement, warranty or representation made in connection with any Loan Document or any borrowing hereunder; (b) the performance or observance
of any of the covenants or agreements of any obligor under any Loan Document, including, without limitation, any agreement by an obligor to furnish information directly to each Lender; (c) the satisfaction of any condition specified in Article
IV, except receipt of items required to be delivered solely to the Agent; (d) the existence or possible existence of any Default or Unmatured Default; (e) the validity, enforceability, effectiveness, sufficiency or genuineness of any Loan
Document or any other instrument or writing furnished in connection therewith; (f) the value, sufficiency, creation, perfection or priority of any Lien in any Collateral; or (g) the financial condition of any Loan Party, any Guarantor or
any Affiliate of any Loan Party. 
 10.5. Action on Instructions of the Lenders. The Agent shall in all cases be fully
protected in acting, or in refraining from acting, hereunder and under any other Loan Document in accordance with written instructions signed by the Required Lenders, and such instructions and any action taken or failure to act pursuant thereto
shall be binding on all of the Lenders. The Lenders hereby acknowledge that the Agent shall be under no duty to take any discretionary action permitted to be taken by it pursuant to the provisions of this Agreement or any other Loan Document unless
it shall be requested in writing to do so by the Required Lenders. The Agent shall be fully justified in failing or refusing to take any action hereunder and under any other Loan Document unless it shall first be indemnified to its satisfaction by
the Lenders pro rata against any and all liability, cost and expense that it may incur by reason of taking or continuing to take any such action. 
 10.6. Employment of Agents and Counsel. The Agent may execute any of its duties as the Agent hereunder and under any other Loan Document by or through employees, agents, and attorneys-in-fact and
shall not be answerable to the Lenders, except as to money or securities received by the Agent or its authorized agents, for the default or misconduct of any such agents or attorneys-in-fact selected by it with reasonable care. The Agent shall be
entitled to advice of counsel concerning the contractual arrangement between the Agent and the Lenders and all matters pertaining to the Agent’s duties hereunder and under any other Loan Document. 

  
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 10.7. Reliance on Documents; Counsel. The Agent shall be entitled to rely upon any
Note, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex, electronic mail message, statement, paper or document believed by it (in its Permitted Discretion) to be genuine and correct and to have been signed or sent by the
proper person or persons, and, in respect to legal matters, upon the opinion of counsel selected by the Agent, which counsel may be employees of the Agent. For purposes of determining compliance with the conditions specified in Sections 4.1
and 4.2, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or
satisfactory to a Lender unless the Agent shall have received written notice from such Lender prior to the applicable date specifying its objection thereto. 
 10.8. Agent’s Reimbursement and Indemnification. The Lenders agree to reimburse and indemnify the Agent ratably in proportion to their respective Commitments (or, if the Commitments have been
terminated, in proportion to their Commitments immediately prior to such termination) (a) for any amounts not reimbursed by the Borrower for which the Agent is entitled to reimbursement by the Borrower under the Loan Documents, (b) for any
other expenses incurred by the Agent on behalf of the Lenders, in connection with the preparation, execution, delivery, administration and enforcement of the Loan Documents (including, without limitation, for any expenses incurred by the Agent in
connection with any dispute between the Agent and any Lender or between two or more of the Lenders) and (c) for any liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind
and nature whatsoever which may be imposed on, incurred by or asserted against the Agent in any way relating to or arising out of the Loan Documents or any other document delivered in connection therewith or the transactions contemplated thereby
(including, without limitation, for any such amounts incurred by or asserted against the Agent in connection with any dispute between the Agent and any Lender or between two or more of the Lenders), or the enforcement of any of the terms of the Loan
Documents or of any such other documents, provided that, no Lender shall be liable for any of the foregoing to the extent any of the foregoing is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted
from the gross negligence or willful misconduct of the Agent. The obligations of the Lenders under this Section 10.8 shall survive payment of the Obligations and termination of this Agreement. 

10.9. Notice of Default. The Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Unmatured
Default hereunder unless the Agent has received written notice from a Lender, the Borrower or the Borrower Representative referring to this Agreement describing such Default or Unmatured Default and stating that such notice is a “notice of
default.” In the event that the Agent receives such a notice, the Agent shall give prompt notice thereof to the Lenders; provided, that, the Agent shall not be liable to any Lender for any failure to do so, except to the extent that such
failure is attributable to the Agent’s gross negligence or willful misconduct. 

  
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 10.10. Rights as a Lender. In the event the Agent is a Lender, the Agent shall have
the same rights and powers hereunder and under any other Loan Document with respect to its Commitment and its Credit Extensions as any Lender and may exercise the same as though it were not the Agent, and the term “Lender” or
“Lenders” shall, at any time when the Agent is a Lender, unless the context otherwise indicates, include the Agent in its individual capacity. The Agent and its Affiliates may accept deposits from, lend money to, and generally engage in
any kind of trust, debt, equity or other transaction, in addition to those contemplated by this Agreement or any other Loan Document, with any Loan Party in which such Loan Party is not restricted hereby from engaging with any other Person, all as
if Chase were not the Agent and without any duty to account therefor to Lenders. Chase and its Affiliates may accept fees and other consideration from any Loan Party for services in connection with this Agreement or otherwise without having to
account for the same to Lenders. The Agent in its individual capacity, is not obligated to remain a Lender. 
 10.11. Lender
Credit Decision. Each Lender acknowledges that it has, independently and without reliance upon the Agent, the Arrangers or any other Lender and based on the financial statements prepared by the Loan Parties and such other documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and the other Loan Documents. Each Lender also acknowledges that it will, independently and without reliance upon the Agent, the
Arrangers 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 this Agreement and the other Loan Documents. Except
for any notice, report, document, credit information or other information expressly required to be furnished to the Lenders by the Agent or Arrangers hereunder, neither the Agent nor the Arrangers shall have any duty or responsibility (either
initially or on a continuing basis) to provide any Lender with any notice, report, document, credit information or other information concerning the affairs, financial condition or business of the Borrower or any of its Affiliates that may come into
the possession of the Agent or Arrangers (whether or not in their respective capacity as Agent or Arrangers) or any of their Affiliates. 
 10.12. Successor Agent. The Agent may resign at any time by giving written notice thereof to the Lenders and the Borrower Representative, such resignation to be effective upon the appointment of a
successor Agent or, if no successor Agent has been appointed, forty-five days after the retiring Agent gives notice of its intention to resign. Upon any such resignation or removal, the Required Lenders shall have the right to appoint, on behalf of
the Borrower and the Lenders, a successor Agent. If no successor Agent shall have been so appointed by the Required Lenders within thirty days after the resigning Agent’s giving notice of its intention to resign, then the resigning Agent may
appoint, on behalf of the Borrower and the Lenders, a successor Agent. Notwithstanding 

  
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the previous sentence, the Agent may at any time without the consent of the Borrower or any Lender, appoint any of its Affiliates which is a commercial bank as a successor Agent hereunder. If the
Agent has resigned or been removed and no successor Agent has been appointed, the Lenders may perform all the duties of the Agent hereunder and the Borrower shall make all payments in respect of the Obligations to the applicable Lender and for all
other purposes shall deal directly with the Lenders. No successor Agent shall be deemed to be appointed hereunder until such successor Agent has accepted the appointment. Any such successor Agent shall be a commercial bank having capital and
retained earnings of at least $100,000,000. Upon the acceptance of any appointment as the Agent hereunder by a successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of
the resigning or removed Agent. Upon the effectiveness of the resignation or removal of the Agent, the resigning or removed Agent shall be discharged from its duties and obligations hereunder and under the Loan Documents. After the effectiveness of
the resignation or removal of an Agent, the provisions of this Article X shall continue in effect for the benefit of such Agent in respect of any actions taken or omitted to be taken by it while it was acting as the Agent hereunder and under the
other Loan Documents. In the event that there is a successor to the Agent by merger, or the Agent assigns its duties and obligations to an Affiliate pursuant to this Section 10.12, then the term “Prime Rate” as used in this
Agreement shall mean the prime rate, base rate or other analogous rate of the new Agent. 
 10.13. Delegation to
Affiliates. The Borrower and the Lenders agree that the Agent may delegate any of its duties under this Agreement to any of its Affiliates. Any such Affiliate (and such Affiliate’s directors, officers, agents and employees) which performs
duties in connection with this Agreement shall be entitled to the same benefits of the indemnification, waiver and other protective provisions to which the Agent is entitled under Articles IX and X. 

10.14. Execution of Loan Documents. Each Lender agrees that any action taken by the Agent or the Required Lenders in accordance
with the terms of this Agreement or the other Loan Documents, and the exercise by the Agent or the Required Lenders of their respective powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall
be binding upon all of the Lenders. The Lenders acknowledge that all of the Obligations hereunder constitute one debt, secured pari passu by all of the Collateral. 
 10.15. Collateral Matters. 
 (a) The Lenders hereby
irrevocably authorize the Agent, at its option and in its Permitted Discretion, to release any Liens granted to the Agent by the Loan Parties on any Collateral (i) upon the termination of the Aggregate Commitment, payment and satisfaction in
full in cash of all Obligations (other than Unliquidated Secured Obligations), and the cash collateralization of all Unliquidated Secured Obligations in a manner satisfactory to each affected Lender (in its Permitted Discretion),
(ii) constituting Property being sold or disposed of if the Loan Party disposing of such Property certifies to the Agent that the sale or disposition is made in compliance with the terms of this

  
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Agreement (and the Agent may rely conclusively on any such certificate, without further inquiry), (iii) constituting Property in which no Loan Party has at any time during the term of this
Agreement owned any interest, (iv) constituting property leased to a Loan Party under a lease which has expired or been terminated in a transaction permitted under this Agreement, (v) owned by or leased to any Loan Party which is subject
to a purchase money security interest or which is the subject of a Capitalized Lease, in either case, entered into by such Loan Party pursuant to Section 6.17(c), or (vi) as required to effect any sale or other disposition of such
Collateral in connection with any exercise of remedies of the Agent and the Lenders pursuant to Section 8.1. Upon request by the Agent at any time, the Lenders will promptly confirm in writing the Agent’s authority to release any
Liens upon particular types or items of Collateral pursuant to this Section 10.15. Except as provided in the preceding sentence, the Agent will not release any Liens on any Substantial Portion of the Collateral without the prior written
authorization of the Required Lenders. 
 (b) Upon receipt by the Agent of any authorization required pursuant to
Section 10.15(a) from the Required Lenders of the Agent’s authority to release any Liens upon particular types or items of Collateral, and upon at least 2 Business Days prior written request by the Loan Parties, the Agent shall (and
is hereby irrevocably authorized by the Lenders to), as soon thereafter as practicable, execute such documents as may be necessary to evidence the release of its Liens upon such Collateral; provided that, (i) the Agent shall not be
required to execute any such document on terms which, in the Agent’s opinion (in its Permitted Discretion), would expose the Agent to liability or create any obligation or entail any consequence other than the release of such Liens without
recourse or warranty and (ii) such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those expressly being released) upon (or obligations of the Loan Parties in respect of) all interests
retained by the Loan Parties, including the proceeds of any sale, all of which shall continue to constitute part of the Collateral. 
 (c) The Agent shall have no obligation whatsoever to any of the Lenders to assure that the Collateral exists or is owned by the Loan Parties or is cared for, protected, or insured or has been encumbered,
or that the Liens granted to the Agent therein have been properly or sufficiently or lawfully created, perfected, protected, or enforced or are entitled to any particular priority, or to exercise at all or in any particular manner or under any duty
of care, disclosure, or fidelity, or to continue exercising, any of the rights, authorities, and powers granted or available to the Agent pursuant to any of the Loan Documents; provided that, no Lender shall be liable for any of the foregoing
to the extent any of the foregoing is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Agent. 

(d) Each Lender hereby appoints each other Lender as its agent for the purpose of perfecting Liens, for the benefit of the
Agent and the Lenders, in assets which, in accordance with Article 9 of the UCC or any other applicable law can be perfected only by possession. Should any Lender (other than the Agent) obtain possession of any such Collateral, such Lender shall
notify the Agent thereof, and, promptly upon the Agent’s request therefor shall deliver such Collateral to the Agent or otherwise deal with such Collateral in accordance with the Agent’s instructions. 

  
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 (e) Each Lender hereby agrees as follows: (a) such Lender is deemed to
have requested that the Agent furnish such Lender, promptly after it becomes available, a copy of each Report prepared by or on behalf of the Agent; (b) such Lender expressly agrees and acknowledges that neither Chase nor the Agent
(i) makes any representation or warranty, express or implied, as to the completeness or accuracy of any Report or any of the information contained therein, or (ii) shall be liable for any information contained in any Report; (c) such
Lender expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations, that the Agent, Chase, or any other party performing any audit or examination will inspect only specific information regarding the Loan Parties
and will rely significantly upon the Loan Parties’ books and records, as well as on representations of the Loan Parties’ personnel and that Chase undertakes no obligation to update, correct or supplement the Reports; (d) such Lender
agrees to keep all Reports confidential and strictly for its internal use, not share the Report with any Loan Party and not to distribute any Report to any other Person except as otherwise permitted pursuant to this Agreement; and (e) without
limiting the generality of any other indemnification provision contained in this Agreement, such Lender agrees (i) that neither Chase nor the Agent shall be liable to such Lender or any other Person receiving a copy of the Report for any
inaccuracy or omission contained in or relating to a Report, (ii) to conduct its own due diligence investigation and make credit decisions with respect to the Loan Parties based on such documents as such Lender deems appropriate without any
reliance on the Reports or on the Agent or Chase, (iii) to hold the Agent and any such other Person preparing a Report harmless from any action the indemnifying Lender may take or conclusion the indemnifying Lender may reach or draw from any
Report in connection with any Credit Extensions that the indemnifying Lender has made or may make to the Loan Parties, or the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, any Obligations and
(iv) to pay and protect, and indemnify, defend, and hold the Agent and any such other Person preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including reasonable
attorney fees) incurred by the Agent and any such other Person preparing a Report as the direct or indirect result of any third parties who might obtain all or part of any Report through the indemnifying Lender. 

10.16. Co-Agents, Documentation Agent, Syndication Agent, etc. Neither any of the Lenders identified in this Agreement as a
“co-agent” nor any Documentation Agent, Syndication Agent or Senior Managing Agent shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. Without
limiting the foregoing, none of such Lenders shall have or be deemed to have a fiduciary relationship with any Lender. Each Lender hereby makes the same acknowledgments with respect to such Lenders as it makes with respect to the Agent in
Section 10.11. 

  
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 ARTICLE XI 
 SETOFF; RATABLE PAYMENTS 
 11.1. Setoff. In addition to, and
without limitation of, any rights of the Lenders under applicable law, if any Loan Party becomes insolvent, however evidenced, or any Default occurs, any and all deposits (including all account balances, whether provisional or final and whether or
not collected or available) and any other Indebtedness at any time held or owing by any Lender or any Affiliate of any Lender to or for the credit or account of the Borrower may be offset and applied toward the payment of the Secured Obligations
then due and owing to such Lender, whether or not the Secured Obligations, or any part thereof, shall then be due. 
 11.2.
Ratable Payments. If any Lender, whether by setoff or otherwise, has payment made to it upon its Credit Exposure (other than payments received pursuant to Section 3.1, 3.2, 3.4 or 3.5) in a greater proportion
than that received by any other Lender, such Lender agrees, promptly upon demand, to purchase a portion of the Aggregate Credit Exposure held by the other Lenders so that after such purchase each Lender will hold its Pro Rata Share of the Aggregate
Credit Exposure. If any Lender, whether in connection with setoff or amounts which might be subject to setoff or otherwise, receives collateral or other protection for its Secured Obligations or such amounts which may be subject to setoff, such
Lender agrees, promptly upon demand, to take such action necessary such that all Lenders share in the benefits of such collateral ratably in proportion to respective Pro Rata Share of the Aggregate Credit Exposure. In case any such payment is
disturbed by legal process, or otherwise, appropriate further adjustments shall be made. 
 ARTICLE XII 

BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS 
 12.1. Successors and Assigns. The terms and provisions of the Loan Documents shall be binding upon and inure to the benefit of the Loan Parties and the Lenders and their respective successors and
assigns permitted hereby, except that (a) the Loan Parties shall not have the right to assign their rights or obligations under the Loan Documents without the prior written consent of each Lender, (b) any assignment by any Lender must be
made in compliance with Section 12.3, and (c) any transfer by Participation must be made in compliance with Section 12.2. Any attempted assignment or transfer by any party not made in compliance with this
Section 12.1 shall be null and void, unless such attempted assignment or transfer is treated as a participation in accordance with Section 12.2. The parties to this Agreement acknowledge that clause (b) of this
Section 12.1 relates only to absolute assignments and this Section 12.1 does not prohibit assignments creating security interests, including, without limitation, (x) any pledge or assignment by any Lender of all or any
portion of its rights 

  
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under this Agreement and any Note to a Federal Reserve Bank or (y) in the case of a Lender which is a Fund, any pledge or assignment of all or any portion of its rights under this Agreement
and any Note to its trustee in support of its obligations to its trustee; provided however, that no such pledge or assignment creating a security interest shall release the transferor Lender from its obligations hereunder unless and until the
parties thereto have complied with the provisions of Section 12.3. The Agent may treat the Person which made any Credit Extension or which holds any Note as the owner thereof for all purposes hereof unless and until such Person complies
with Section 12.3; provided however, that the Agent may in its discretion (but shall not be required to) follow instructions from the Person which made any Credit Extension or which holds any Note to direct payments relating to
such Credit Extension or Note to another Person. Any assignee of the rights to any Credit Extension or any Note agrees by acceptance of such assignment to be bound by all the terms and provisions of the Loan Documents. Any request, authority or
consent of any Person, who at the time of making such request or giving such authority or consent is the owner of the rights to any Credit Extension (whether or not a Note has been issued in evidence thereof), shall be conclusive and binding on any
subsequent holder or assignee of the rights to such Credit Extension. 
 12.2. Participations 

(a) Permitted Participants; Effect. Any Lender may at any time sell to one or more banks or other entities
(“Participants”) participating interests in any Credit Exposure of such Lender, any Note held by such Lender, any Commitment of such Lender or any other interest of such Lender under the Loan Documents. In the event of any such sale
by a Lender of participating interests to a Participant, such Lender’s obligations under the Loan Documents shall remain unchanged, such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations,
such Lender shall remain the owner of its Credit Exposure and the holder of any Note issued to it in evidence thereof for all purposes under the Loan Documents, all amounts payable by the Borrower under this Agreement shall be determined as if such
Lender had not sold such participating interests, and the Borrower and the Agent shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under the Loan Documents. 

(b) Voting Rights. Each Lender shall retain the sole right to approve, without the consent of any Participant, any
amendment, modification or waiver of any provision of the Loan Documents other than any amendment, modification or waiver which would (i) require the consent of such Lender pursuant to the terms of Section 8.3(b) or
(ii) (A) modify any Eligibility Definition or (B) include additional categories of Collateral in the Borrowing Base which, in either case, would increase Availability, and which would require the consent of such Lender pursuant to the
terms of Section 8.3(a) or of any other Loan Document. 
 (c) Benefit of Certain Provisions.
Each Loan Party agrees that each Participant shall be deemed to have the right of setoff provided in Section 11.1 in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of
its participating interest were owing directly to it as a Lender under the Loan Documents, provided that, each Lender shall retain the right of setoff provided in Section 11.1 with respect to the amount of participating interests
sold to each Participant. The Lenders agree to share with each Participant, and each Participant, by exercising the 

  
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right of setoff provided in Section 11.1, agrees to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared in
accordance with Section 11.2 as if each Participant were a Lender. The Borrower further agrees that each Participant shall be entitled to the benefits of Sections 3.1, 3.2, 3.4 and 3.5 to the same extent as if
it were a Lender and had acquired its interest by assignment pursuant to Section 12.3, provided that, (i) a Participant shall not be entitled to receive any greater payment under Section 3.1, 3.2 or
3.5 than the Lender who sold the participating interest to such Participant would have received had it retained such interest for its own account, unless the sale of such interest to such Participant is made with the prior written consent of
the Borrower Representative, and (ii) any Participant not incorporated under the laws of the U.S. or any state thereof agrees to comply with the provisions of Section 3.5 to the same extent as if it were a Lender. 

12.3. Assignments 
 (a) Permitted Assignments. Any Lender may at any time assign to one or more banks or other entities (“Purchasers”) all or any part of its rights and obligations under the Loan
Documents. Such assignment shall be substantially in the form of Exhibit G (an “Assignment Agreement”). Each such assignment with respect to a Purchaser which is not a Lender or an Affiliate of a Lender or an Approved Fund
shall either be in an amount equal to the entire applicable Commitment and Credit Extensions of the assigning Lender or (unless each of the Borrower Representative and the Agent otherwise consents) be in an aggregate amount not less than $5,000,000.
The amount of the assignment shall be based on the Commitment or outstanding Credit Extensions (if the Commitment has been terminated) subject to the assignment, determined as of the date of such assignment or as of the “Trade Date,” if
the “Trade Date” is specified in the assignment. 
 (b) Consents. The consent of the Borrower
Representative shall be required prior to an assignment becoming effective unless the Purchaser is a Lender, an Affiliate of a Lender or an Approved Fund, provided that, the consent of the Borrower Representative shall not be required if a
Default has occurred and is continuing. The consent of each of the Agent and the LC Issuer shall be required prior to an assignment becoming effective. Any consent required under this Section 12.3(b) shall not be unreasonably withheld or
delayed. 
 (c) Effect; Effective Date. Upon (i) delivery to the Agent of a duly executed Assignment
Agreement, together with any consents required by Sections 12.3(a) and 12.3(b), and (ii) payment of a $3,500 fee to the Agent for processing such assignment (unless such fee is waived by the Agent), such Assignment Agreement shall
become effective on the effective date specified by the Agent in such Assignment Agreement. The Assignment Agreement shall contain a representation by the Purchaser to the effect that none of the consideration used to make the purchase of the
Commitment and Credit Exposure under the applicable Assignment Agreement constitutes “plan assets” as defined under ERISA and that the rights and interests of the Purchaser in and under the Loan Documents will not be “plan
assets” under ERISA. On and after the effective date of such Assignment Agreement, such Purchaser shall for all purposes be a Lender party to this Agreement and any other Loan Document executed by or on behalf of the Lenders

  
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and shall have all the rights and obligations of a Lender under the Loan Documents, to the same extent as if it were an original party thereto, and the transferor Lender shall be released with
respect to the Commitment and Credit Exposure assigned to such Purchaser without any further consent or action by the Borrower, the Lenders or the Agent. In the case of an Assignment Agreement covering all of the assigning Lender’s rights and
obligations under this Agreement, such Lender shall cease to be a Lender hereunder but shall continue to be entitled to the benefits of, and subject to, those provisions of this Agreement and the other Loan Documents which survive payment of the
Obligations and termination of the applicable agreement. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 12.3 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 Section 12.2. Upon the consummation of any assignment to a Purchaser pursuant to this Section 12.3(c), the transferor Lender, the
Agent and the Borrower shall, if the transferor Lender or the Purchaser desires that its Loans be evidenced by Notes, make appropriate arrangements so that new Notes or, as appropriate, replacement Notes are issued to such transferor Lender and new
Notes or, as appropriate, replacement Notes, are issued to such Purchaser, in each case in principal amounts reflecting their respective Commitments, as adjusted pursuant to such assignment. 

(d) Register. The Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its
offices in the U.S. a copy of each Assignment Agreement delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Credit Extensions owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Agent and the Lenders may 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. 
 12.4. Dissemination of Information. Each Loan Party authorizes each Lender to disclose to any
Participant or Purchaser or any other Person acquiring an interest in the Loan Documents by operation of law (each a “Transferee”) and any prospective Transferee any and all information in such Lender’s possession concerning the
creditworthiness of the Loan Parties, including without limitation any information contained in any Reports; provided that, each Transferee and prospective Transferee agrees to be bound by Section 9.11 of this Agreement.

 12.5. Tax Treatment. If any interest in any Loan Document is transferred to any Transferee which is not incorporated
under the laws of the U.S. or any state thereof, the transferor Lender shall cause such Transferee, concurrently with the effectiveness of such transfer, to comply with the provisions of Section 3.5(d); provided that in the case
of a Participant, any forms will be provided directly to the transferor Lender rather than the Borrower. 

  
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 12.6. Assignment by LC Issuer. Notwithstanding anything contained herein, if at any
time an LC Issuer assigns all of its Commitment and Loans pursuant to Section 12.3, such LC Issuer may, upon thirty days’ notice to the Borrower Representative and the Lenders, resign as an LC Issuer. In the event of any such
resignation as an LC Issuer, the Borrower Representative shall be entitled to appoint from among the Lenders a successor LC Issuer hereunder; provided however, that no failure by the Borrower Representative to appoint any such successor shall
affect the resignation of such LC Issuer as an LC Issuer. If an LC Issuer resigns as an LC Issuer, it shall retain all the rights and obligations of an LC Issuer hereunder with respect to the Facility LCs outstanding as of the effective date of its
resignation as an LC Issuer and all LC Obligations with respect thereto (including the right to require the Lenders to make Revolving Loans or fund risk participations in outstanding Reimbursement Obligations pursuant to
Section 2.1.2(d)). 
 ARTICLE XIII 
 NOTICES 
 13.1. Notices; Effectiveness; Electronic
Communications. 
 (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and except as provided in 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 telecopier as follows: 
 (i) if to any Loan Party, at its address or
telecopier number set forth on the signature page hereof; 
 (ii) if to the Agent, at its address or telecopier
number set forth on the signature page hereof; 
 (iii) if to the LC Issuer, at its address or telecopier number
set forth on the signature page hereof; 
 (iv) if to a Lender, to it at its address or telecopier number 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 telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to
have been given at the opening of business on the next Business Day for the recipient). Notices delivered through electronic communications to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b).

  
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 (b) Electronic Communications. Notices and other communications to
the Lenders and the LC Issuer hereunder may be delivered or furnished by electronic communication (including e-mail and internet or intranet websites) pursuant to procedures approved by the Agent or as otherwise determined by the Agent,
provided that, the foregoing shall not apply to notices to any Lender or the LC Issuer pursuant to Article II if such Lender or the LC Issuer, as applicable, has notified the Agent that it is incapable of receiving notices under such
Article by electronic communication. The Agent or any Loan Party may, in its respective discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it or as it
otherwise determines, provided that such determination or approval may be limited to particular notices or communications. Notwithstanding the foregoing, in every instance, the Borrower Representative shall be required to provide paper copies
of the Compliance Certificates required by Section 6.1(e) to the Agent. 
 Unless the 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), provided that if such notice or other communication is not given during the normal business hours of the recipient, such notice or communication shall be deemed to have been given
at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address
as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor. 
 13.2. Change of Address, Etc. Any party hereto may change its address or telecopier number for notices and other communications hereunder by notice to the other parties hereto. 

ARTICLE XIV 
 COUNTERPARTS 
 This Agreement may be executed in any number of
counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Agreement by signing any such counterpart. This Agreement shall be effective when it has been executed by the Loan Parties, the
Agent, the LC Issuer and the Lenders and each party has notified the Agent by facsimile transmission or telephone that it has taken such action. 

  
 122

 ARTICLE XV 
 GUARANTY 
 15.1. Guaranty. Each Guarantor hereby agrees that
it is jointly and severally liable for, and, as primary obligor and not merely as surety, absolutely and unconditionally guarantees to the Lenders the prompt payment when due, whether at stated maturity, upon acceleration or otherwise, and at all
times thereafter, of the Secured Obligations and all costs and expenses including, without limitation, all court costs and attorneys’ and paralegals’ fees (including allocated costs of in-house counsel and paralegals) and expenses paid or
incurred by the Agent, the LC Issuer and the Lenders in endeavoring to collect all or any part of the Secured Obligations from, or in prosecuting any action against, the Borrower, any Guarantor or any other guarantor of all or any part of the
Secured Obligations (such costs and expenses, together with the Secured Obligations, collectively the “Guaranteed Obligations”). Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed in whole or in
part without notice to or further assent from it, and that it remains bound upon its guarantee notwithstanding any such extension or renewal. 
 15.2. Guaranty of Payment. This Guaranty is a guaranty of payment and not of collection. Each Guarantor waives any right to require the Agent, the LC Issuer or any Lender to sue the Borrower, any
Guarantor, any other guarantor, or any other person obligated for all or any part of the Guaranteed Obligations, or otherwise to enforce its payment against any collateral securing all or any part of the Guaranteed Obligations. 

15.3. No Discharge or Diminishment of Guaranty 

(a) Except as otherwise provided for herein and to the extent provided for herein, the obligations of each Guarantor
hereunder are unconditional and absolute and not subject to any reduction, limitation, impairment or termination for any reason (other than the indefeasible payment in full in cash of the Guaranteed Obligations), including: 

(i) any claim of waiver, release, extension, renewal, settlement, surrender, alteration, or compromise of any of the
Guaranteed Obligations, by operation of law or otherwise; 
 (ii) any change in the corporate existence,
structure or ownership of the Borrower or any other guarantor of or other person liable for any of the Guaranteed Obligations; 
 (iii) any insolvency, bankruptcy, reorganization or other similar proceeding affecting the Borrower, any Guarantor, or any other guarantor of or other person liable for any of the Guaranteed Obligations,
or their assets or any resulting release or discharge of any obligation of the Borrower, any Guarantor, or any other guarantor of or other person liable for any of the Guaranteed Obligations; or 

(iv) the existence of any claim, setoff or other rights which any Guarantor may have at any time against the Borrower, any
Guarantor, any other guarantor of the Guaranteed Obligations, the Agent, the LC Issuer, any Lender, or any other person, whether in connection herewith or in any unrelated transactions. 

  
 123

 (b) The obligations of each Guarantor hereunder are not subject to any
defense or setoff, counterclaim, recoupment, or termination whatsoever by reason of the invalidity, illegality, or unenforceability of any of the Guaranteed Obligations or otherwise, or any provision of applicable law or regulation purporting to
prohibit payment by the Borrower, any Guarantor or any other guarantor of or other person liable for any of the Guaranteed Obligations, of the Guaranteed Obligations or any part thereof. 

(c) Further, the obligations of any Guarantor hereunder are not discharged or impaired or otherwise affected by:

 (i) the failure of the Agent, the LC Issuer or any Lender to assert any claim or demand or to enforce any
remedy with respect to all or any part of the Guaranteed Obligations; 
 (ii) any waiver or modification of or
supplement to any provision of any agreement relating to the Guaranteed Obligations; 
 (iii) any release,
non-perfection, or invalidity of any indirect or direct security for the obligations of the Borrower for all or any part of the Guaranteed Obligations or any obligations of any other guarantor of or other person liable for any of the Guaranteed
Obligations; 
 (iv) any action or failure to act by the Agent, the LC Issuer or any Lender with respect to any
collateral securing any part of the Guaranteed Obligations; 
 (v) any default, failure or delay, willful or
otherwise, in the payment or performance of any of the Guaranteed Obligations, or any other circumstance, act, omission or delay that might in any manner or to any extent vary the risk of such Guarantor or that would otherwise operate as a discharge
of any Guarantor as a matter of law or equity (other than the indefeasible payment in full in cash of the Guaranteed Obligations). 
 15.4. Defenses Waived. To the fullest extent permitted by applicable law, each Guarantor hereby waives any defense based on or arising out of any defense of the Borrower or any Guarantor or the
unenforceability of all or any part of the Guaranteed Obligations from any cause, or the cessation from any cause of the liability of the Borrower or any Guarantor, other than the indefeasible payment in full in cash of the Guaranteed Obligations.
Without limiting the generality of the foregoing, each Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and, to the fullest extent permitted by law, any notice not provided for herein, as well as any requirement that at
any time any action be taken by any person against the Borrower, any Guarantor, any other guarantor of any of the Guaranteed Obligations, or any other person. The Agent may, at its election, foreclose on any Collateral held by it by one or more
judicial or nonjudicial sales, accept an assignment of any such Collateral in lieu of foreclosure or otherwise act or fail to act with respect to any collateral securing all or a part of the Guaranteed Obligations, compromise or adjust any part of
the Guaranteed Obligations, make any other accommodation with the 

  
 124

 
Borrower, any Guarantor, any other guarantor or any other person liable on any part of the Guaranteed Obligations or exercise any other right or remedy available to it against the Borrower, any
Guarantor, any other guarantor or any other person liable on any of the Guaranteed Obligations, without affecting or impairing in any way the liability of such Guarantor under this Guaranty except to the extent the Guaranteed Obligations have been
fully and indefeasibly paid in cash. To the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though that election may operate, pursuant to applicable law, to impair or extinguish any
right of reimbursement or subrogation or other right or remedy of any Guarantor against the Borrower, any other guarantor or any other person liable on any of the Guaranteed Obligations, as the case may be, or any security. 

15.5. Rights of Subrogation. No Guarantor will assert any right, claim or cause of action, including, without limitation, a claim
of subrogation, contribution or indemnification that it has against the Borrower, any Guarantor, any person liable on the Guaranteed Obligations, or any collateral, until the Loan Parties and the Guarantors have fully performed all their obligations
to the Agent, the LC Issuer and the Lenders and the Commitments have been terminated. 
 15.6. Reinstatement; Stay of
Acceleration. If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of the Borrower or otherwise, each Guarantor’s
obligations under this Guaranty with respect to that payment shall be reinstated at such time as though the payment had not been made and whether or not the Agent, the LC Issuer and the Lenders are in possession of this Guaranty. If acceleration of
the time for payment of any of the Guaranteed Obligations is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of any agreement relating to the Guaranteed
Obligations shall nonetheless be payable by the Guarantors forthwith on demand by the Lender. 
 15.7. Information. Each
Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope
and extent of the risks that each Guarantor assumes and incurs under this Guaranty, and agrees that neither the Agent, the LC Issuer nor any Lender shall have any duty to advise any Guarantor of information known to it regarding those circumstances
or risks. 
 15.8. Taxes. All payments of the Guaranteed Obligations will be made by each Guarantor free and clear of and
without deduction for or on account of Taxes. If any Guarantor is required by law to deduct any Taxes from or in respect of any sum payable to the Lenders under this Guaranty, (a) the sum payable must be increased as necessary so that after
making all required deductions (including deductions applicable to additional sums payable under this provision) the Lenders receive an amount equal to the sum it would have received had no such deductions been made,

  
 125

 
(b) the Guarantors must then make such deductions, and must pay the full amount deducted to the relevant authority in accordance with applicable law, and (c) the Guarantors must furnish to
the Lender as promptly as possible but in any case within forty-five days after their due date certified copies of all official receipts evidencing payment thereof. 
 15.9. Severability. The provisions of this Guaranty are severable, and in any action or proceeding involving any state corporate law, or any state, federal or foreign bankruptcy, insolvency,
reorganization or other law affecting the rights of creditors generally, if the obligations of any Guarantor under this Guaranty would otherwise be held or determined to be avoidable, invalid or unenforceable on account of the amount of such
Guarantor’s liability under this Guaranty, then, notwithstanding any other provision of this Guaranty to the contrary, the amount of such liability shall, without any further action by the Guarantors or the Lenders, be automatically limited and
reduced to the highest amount that is valid and enforceable as determined in such action or proceeding (such highest amount determined hereunder being the relevant Guarantor’s “Maximum Liability”. This Section with respect to
the Maximum Liability of each Guarantor is intended solely to preserve the rights of the Lenders to the maximum extent not subject to avoidance under applicable law, and no Guarantor nor any other person or entity shall have any right or claim under
this Section with respect to such Maximum Liability, except to the extent necessary so that the obligations of any Guarantor hereunder shall not be rendered voidable under applicable law. Each Guarantor agrees that the Guaranteed Obligations may at
any time and from time to time exceed the Maximum Liability of each Guarantor without impairing this Guaranty or affecting the rights and remedies of the Lenders hereunder, provided that, nothing in this sentence shall be construed to
increase any Guarantor’s obligations hereunder beyond its Maximum Liability. 
 15.10. Contribution. In the event
any Guarantor (a “Paying Guarantor”) shall make any payment or payments under this Guaranty or shall suffer any loss as a result of any realization upon any collateral granted by it to secure its obligations under this Guaranty,
each other Guarantor (each a “Non-Paying Guarantor”) shall contribute to such Paying Guarantor an amount equal to such Non-Paying Guarantor’s “Pro Rata Share” of such payment or payments made, or losses suffered, by
such Paying Guarantor. For purposes of this Article XV, each Non-Paying Guarantor’s “Pro Rata Share” with respect to any such payment or loss by a Paying Guarantor shall be determined as of the date on which such payment or loss was
made by reference to the ratio of (i) such Non-Paying Guarantor’s Maximum Liability as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder) or, if such Non-Paying Guarantor’s
Maximum Liability has not been determined, the aggregate amount of all monies received by such Non-Paying Guarantor from the Borrower after the date hereof (whether by loan, capital infusion or by other means) to (ii) the aggregate Maximum
Liability of all Guarantors hereunder (including such Paying Guarantor) as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder), or to the extent that a Maximum Liability has not been
determined for any Guarantor, the aggregate amount of all monies received by such Guarantors from the Borrower after the date hereof (whether by loan, capital infusion or by other means). Nothing in this provision shall affect any Guarantor’s

  
 126

 
several liability for the entire amount of the Guaranteed Obligations (up to such Guarantor’s Maximum Liability). Each of the Guarantors covenants and agrees that its right to receive any
contribution under this Guaranty from a Non-Paying Guarantor shall be subordinate and junior in right of payment to the payment in full in cash of the Guaranteed Obligations. This provision is for the benefit of both the Agent, the LC Issuer, the
Lenders and the Guarantors and may be enforced by any one, or more, or all of them in accordance with the terms hereof. 

15.11. Lending Installations. The Guaranteed Obligations may be booked at any Lending Installation. All terms of this Guaranty
apply to and may be enforced by or on behalf of any Lending Installation. 
 15.12. Liability Cumulative. The liability
of each Loan Party as a Guarantor under this Article XV is in addition to and shall be cumulative with all liabilities of each Loan Party to the Agent, the LC Issuer and the Lenders under this Agreement and the other Loan Documents to which such
Loan Party is a party or in respect of any obligations of liabilities of the other Loan Parties, without any limitation as to amount, unless the instrument or agreement evidencing or creating such other liability specifically provides to the
contrary. 
 ARTICLE XVI 
 CHOICE OF LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL 
 16.1.
CHOICE OF LAW. THE LOAN DOCUMENTS (OTHER THAN THOSE CONTAINING A CONTRARY EXPRESS CHOICE OF LAW PROVISION) SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO
NATIONAL BANKS. 
 16.2. CONSENT TO JURISDICTION. EACH LOAN PARTY HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE
JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK, THE COURTS OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND APPELLATE COURTS FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS AND EACH
LOAN PARTY HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR
PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE AGENT, THE LC ISSUER OR ANY LENDER TO BRING PROCEEDINGS AGAINST ANY LOAN PARTY IN THE COURTS OF ANY OTHER JURISDICTION. ANY
JUDICIAL PROCEEDING BY ANY LOAN PARTY AGAINST THE AGENT, THE LC ISSUER OR 

  
 127

 
ANY LENDER INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTION WITH ANY LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A COURT IN THE STATE OF NEW YORK.

 16.3. WAIVER OF JURY TRIAL. EACH LOAN PARTY, THE AGENT, THE LC ISSUER AND EACH LENDER HEREBY WAIVE TRIAL BY JURY IN
ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY LOAN DOCUMENT OR THE RELATIONSHIP ESTABLISHED THEREUNDER.

 ARTICLE XVII 
 THE BORROWER REPRESENTATIVE 
 17.1. Appointment; Nature of
Relationship. PHI is hereby appointed by the Borrower as its contractual representative (herein referred to as the “Borrower Representative”) hereunder and under each other Loan Document, and the Borrower irrevocably authorizes the
Borrower Representative to act as the contractual representative of the Borrower with the rights and duties expressly set forth herein and in the other Loan Documents. The Borrower Representative agrees to act as such contractual representative upon
the express conditions contained in this Article XVII. Additionally, the Borrower hereby appoints the Borrower Representative as its agent to receive all of the proceeds of the Loans in the Funding Account, at which time the Borrower Representative
shall promptly disburse such Loans to the Borrower. The Agent and the Lenders, and their respective officers, directors, agents or employees, shall not be liable to the Borrower Representative or the Borrower for any action taken or omitted to be
taken by the Borrower Representative or the Borrower pursuant to this Section 17.1. 
 17.2. Powers. The
Borrower Representative shall have and may exercise such powers under the Loan Documents as are specifically delegated to the Borrower Representative by the terms of each thereof, together with such powers as are reasonably incidental thereto. The
Borrower Representative shall have no implied duties to the Borrower, or any obligation to the Lenders to take any action thereunder except any action specifically provided by the Loan Documents to be taken by the Borrower Representative.

 17.3. Employment of Agents. The Borrower Representative may execute any of its duties as the Borrower Representative
hereunder and under any other Loan Document by or through Authorized Officers. 

  
 128

 17.4. Notices. The Borrower shall immediately notify the Borrower Representative of
the occurrence of any Default or Unmatured Default hereunder referring to this Agreement describing such Default or Unmatured Default and stating that such notice is a “notice of default.” In the event that the Borrower Representative
receives such a notice, the Borrower Representative shall give prompt notice thereof to the Agent and the Lenders. Any notice provided to the Borrower Representative hereunder shall constitute notice to the Borrower on the date received by the
Borrower Representative. 
 17.5. Successor Borrower Representative. Upon the prior written consent of the Agent, the
Borrower Representative may resign at any time, such resignation to be effective upon the appointment of a successor Borrower Representative. The Agent shall give prompt written notice of such resignation to the Lenders. 

17.6. Execution of Loan Documents; Borrowing Base Certificate. The Borrower hereby empowers and authorizes the Borrower
Representative, on behalf of the Borrower, to execute and deliver to the Agent and the Lenders the Loan Documents and all related agreements, certificates, documents, or instruments as shall be necessary or appropriate to effect the purposes of the
Loan Documents, including without limitation, the Borrowing Base Certificates and the Compliance Certificates. The Borrower agrees that any action taken by the Borrower Representative or the Borrower in accordance with the terms of this Agreement or
the other Loan Documents, and the exercise by the Borrower Representative of its powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Borrower. 

17.7. Reporting. The Borrower hereby agrees that it shall furnish promptly to the Borrower Representative a copy of any
certificate or report required hereunder or requested by the Borrower Representative on which the Borrower Representative shall rely to prepare the Borrowing Base Certificates and Compliance Certificates required pursuant to the provisions of this
Agreement. 
 ARTICLE XVIII 
 EFFECT OF AMENDMENT AND RESTATEMENT OF EXISTING CREDIT 

AGREEMENT 
 On the Effective Date, the Existing Credit Agreement shall be amended, restated and superseded in its entirety. The parties hereto acknowledge and agree that (a) this Agreement and the other Loan
Documents, whether executed and delivered in connection herewith or otherwise, do not constitute a novation, payment and reborrowing, or termination of the “Obligations” (as defined in the Existing Credit Agreement) under the Existing
Credit Agreement as in effect prior to the Effective Date and (b) such “Obligations” are in all respects continuing (as amended and restated hereby) with only the terms thereof being modified as provided in this Agreement. 

  
 129

 [Signature Pages Follow] 

  
 130

 IN WITNESS WHEREOF, the Loan Parties, the Lenders, the LC Issuer and the Agent have executed
this Agreement as of the date first above written. 
  

			
	 BORROWER:

	
	 PETROLEUM HEAT AND POWER CO., INC.

		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	 OTHER LOAN PARTIES:

	
	 A.P. WOODSON COMPANY

	 C. HOFFBERGER COMPANY

	 CHAMPION ENERGY CORPORATION

	 CHAMPION OIL COMPANY

	 COLUMBIA PETROLEUM TRANSPORTATION, LLC

	 HOFFMAN FUEL COMPANY OF BRIDGEPORT

	 HOFFMAN FUEL COMPANY OF DANBURY

	 HOFFMAN FUEL COMPANY OF STAMFORD

	 J.J. SKELTON OIL COMPANY

	 LEWIS OIL COMPANY

	 MAREX CORPORATION

	 MEENAN HOLDINGS OF NEW YORK, INC.

	 MEENAN OIL CO., INC.

	 MINNWHALE LLC

	 ORTEP OF PENNSYLVANIA, INC.

	 PETRO HOLDINGS, INC.

	 PETRO PLUMBING CORPORATION

	 PETRO, INC.

	 REGIONOIL PLUMBING, HEATING AND COOLING CO., INC.

	 RICHLAND PARTNERS, LLC

	 RYE FUEL COMPANY

	 STAR ACQUISITIONS, INC.

	 STAR GAS FINANCE COMPANY

	 TG&E SERVICE COMPANY, INC.

		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 [Signature Page to Amended and Restated Credit Agreement] 

 
			
	 STAR GAS PARTNERS, L.P.

		
	By:	 	KESTREL HEAT, LLC, its General Partner
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	 MEENAN OIL CO., L.P.

		
	By:	 	MEENAN OIL CO., INC., its General Partner
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

	
	 CFS LLC

		
	By:	 	Richland Partners, LLC, its Sole Member
		
	By:	 	  

		 	Richard F. Ambury
		 	Chief Financial Officer, Executive Vice President, Treasurer and Secretary
	
	 NOTICE ADDRESS FOR LOAN PARTIES:

	 2187 Atlantic Street

	 Stamford, CT 06902

 [Signature Page to Amended and Restated Credit Agreement] 

 
			
	LENDERS:
	
	 JPMORGAN CHASE BANK, N.A.,
 as Agent, an LC Issuer and Lender

		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	[	 	
	Attention:	 	
	Telephone:	 	
	Facsimile: 	 	            ]

 [Signature Page to Amended and Restated Credit Agreement] 

 
			
	 BANK OF AMERICA, N.A.,

	as Syndication Agent, an LC Issuer and Lender
		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	[	 	
	Attention:	 	
	Telephone:	 	
	Facsimile: 	 	            ]

 [Signature Page to Amended and Restated Credit Agreement] 

 
			
	RBS CITIZENS, N.A..,
	as Documentation Agent and Lender
		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	[	 	
	Attention:	 	
	Telephone:	 	
	Facsimile: 	 	            ]

 [Signature Page to Amended and Restated Credit Agreement] 

 
			
	KEY BANK NATIONAL ASSOCIATION,
	as Senior Managing Agent and Lender
		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	[	 	
	Attention:	 	
	Telephone:	 	
	Facsimile: 	 	            ]

 [Signature Page to Amended and Restated Credit Agreement] 

 
			
	PNC BANK, N.A.,
	as Senior Managing Agent and Lender
		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	 [
	 	
	 Attention:
	 	
	 Telephone:
	 	
	 Facsimile: 
	 	             ]

[Signature Page to Amended and Restated Credit Agreement] 

 
			
	REGIONS BANK,
	as Senior Managing Agent and Lender
		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	 [
	 	
	 Attention:
	 	
	 Telephone:
	 	
	 Facsimile: 
	 	             ]

[Signature Page to Amended and Restated Credit Agreement] 

 
			
	TD BANK, N.A.,
	as Senior Managing Agent and Lender
		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	 [
	 	
	 Attention:
	 	
	 Telephone:
	 	
	 Facsimile: 
	 	             ]

[Signature Page to Amended and Restated Credit Agreement] 

 
			
	WELLS FARCO CAPITAL FINANCE, LLC,
	as Senior Managing Agent and Lender
		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	 [
	 	
	 Attention:
	 	
	 Telephone:
	 	
	 Facsimile: 
	 	             ]

[Signature Page to Amended and Restated Credit Agreement] 

 
			
	CITIBANK, N.A.,
	as Lender
		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	 [
	 	
	 Attention:
	 	
	 Telephone:
	 	
	 Facsimile: 
	 	             ]

[Signature Page to Amended and Restated Credit Agreement] 

 
			
	HARRIS BANK,
	as Lender
		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	 [
	 	
	 Attention:
	 	
	 Telephone:
	 	
	 Facsimile: 
	 	             ]

[Signature Page to Amended and Restated Credit Agreement] 

 
			
	 ISRAEL DISCOUNT BANK OF NEW YORK,
 as Lender

		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	 [
	 	
	 Attention:
	 	
	 Telephone:
	 	
	 Facsimile: 
	 	             ]

[Signature Page to Amended and Restated Credit Agreement] 

 
			
	 RB INTERNATIONAL FINANCE (USA) LLC,
 as Lender

		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	 [
	 	
	 Attention:
	 	
	 Telephone:
	 	
	 Facsimile: 
	 	             ]

[Signature Page to Amended and Restated Credit Agreement] 

 
			
	 SG AMERICAS SECURITIES, LLC,
 as Lender

		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	 [
	 	
	 Attention:
	 	
	 Telephone:
	 	
	 Facsimile: 
	 	             ]

[Signature Page to Amended and Restated Credit Agreement] 

 
			
	SOVEREIGN BANK,
	as Lender
		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	 [
	 	
	 Attention:
	 	
	 Telephone:
	 	
	 Facsimile: 
	 	             ]

[Signature Page to Amended and Restated Credit Agreement] 

 
			
	WEBSTER BANK, N.A.,
	as Lender
		
	By: 	 	  

		
	Name:	 	  

		
	Title: 	 	
 

			
	
	NOTICE ADDRESS:
		
	 [
	 	
	 Attention:
	 	
	 Telephone:
	 	
	 Facsimile: 
	 	             ]

[Signature Page to Amended and Restated Credit Agreement] 

 EXHIBIT A 
 BORROWING NOTICE 
 Date:
                        , 201     

 

	To:	JPMorgan Chase Bank, N.A., as Agent for the Lenders 

 This Borrowing Notice is furnished pursuant to Section 2.1.1(b) of that certain Amended and Restated Credit Agreement dated as of June [3], 2011 (as amended, modified, renewed or extended from
time to time, the “Agreement”) among Petroleum Heat and Power Co., Inc., a Minnesota corporation (the “Borrower”), the other Loan Parties, the Lenders from time to time party thereto, JPMorgan Chase Bank, N.A., a
national banking association, as an LC Issuer and as the Agent for the Lenders, Bank of America, N.A., as syndication agent and as an LC Issuer, and RBS Citizens, N.A., as documentation agent. Unless otherwise defined herein, capitalized terms used
in this Borrowing Notice have the meanings ascribed thereto in the Agreement. 
 The Borrower Representative hereby notifies the
Agent of its request of the following Advance: 
 (1) Borrowing Date of the Advance (must be a Business Day):
                                     

(2) Aggregate Amount of the Advance:
$                                     

(4) Type of Advance1:
                                     

(5) Duration of Interest Period (for Eurodollar Advances only): 

One Month
                         
 Two Months                          

Three Months
                         
 Six Months                          

The Borrower Representative hereby represents, on its behalf and on behalf of the Borrower, that, as of the date of this Borrowing
Notice: 
  

	 	(a)	There exists no Default or Unmatured Default and no Default or Unmatured Default shall result from this Credit Extension. 

 

	 	(b)	The representations and warranties contained in Article V of the Agreement are true and correct, except to the extent any such representation or warranty is
stated to relate solely to an earlier date. 

  

	 	(c)	After giving effect to this Credit Extension, Availability will not be less than zero. 

 

													
	  
	 	,
	as Borrower Representative	 	
			
		 	By:	 	  

		 		 		 	Name:	 	  

		 		 		 	Title:	 	  

 

	1 	Eurodollar Advance or Floating Rate Advance. 

  
 Exhibit A

 EXHIBIT B 
 CONVERSION/CONTINUATION NOTICE 
 Date:
                        , 201     

 

	To:	JPMorgan Chase Bank, N.A., as Agent for the Lenders 

 This Conversion/Continuation Notice is furnished pursuant to Section 2.7 of that certain Amended and Restated Credit Agreement dated as of June [3], 2011 (as amended, modified, renewed or
extended from time to time, the “Agreement”) among Petroleum Heat and Power Co., Inc., a Minnesota corporation (“Petro” or the “Borrower”), the other Loan Parties, the Lenders from time to time
party thereto, JPMorgan Chase Bank, N.A., a national banking association, as an LC Issuer and as the Agent for the Lenders, Bank of America, N.A., as syndication agent and as an LC Issuer, and RBS Citizens, N.A., as documentation agent. Unless
otherwise defined herein, capitalized terms used in this Conversion/Continuation Notice have the meanings ascribed thereto in the Agreement. 
 The Borrower Representative hereby notifies the Agent of its request to [SELECT ONE]: 
  

	 	(1)	convert the Floating Rate Advance in the name of the Borrower and in the amount of
$                 into a Eurodollar Advance with an Interest Period duration of:
                 month(s) 

  

	 	(2)	continue the Eurodollar Advance in the name of the Borrower and as otherwise described below: 

 

	 	(a)	Date of Continuation (must be a Business Day):
                         

  

	 	(b)	Aggregate Amount of Advance:
$                                         
    

  

	 	(c)	The duration of the Interest Period applicable thereto: 

                  month(s) 
 The Borrower Representative hereby represents, on its behalf and on behalf of the Borrower that, as of the date of this Conversion/Continuation Notice: 

 

	 	(a)	There exists no Default or Unmatured Default and no Default or Unmatured Default shall result from this Credit Extension. 

 

	 	(b)	The representations and warranties contained in Article V of the Agreement are true and correct, except to the extent any such representation or warranty is
stated to relate solely to an earlier date. 

  

	 	(c)	After giving effect to this Credit Extension, Availability will not be less than zero. 

 

													
	  
	 	,
	as Borrower Representative	 	
			
	By:	 	  
	 	
		 		 		 	Name:	 	  
	 	
		 		 		 	Title:	 	  

  
 Exhibit B

 EXHIBIT C1 
 NOTE 
 Date:
                    , 201     
 The undersigned (the “Borrower”), promises to pay to the order of
                                        
(the “Lender”) the aggregate unpaid principal amount of all Revolving Loans made by the Lender to the Borrower pursuant to Article II of the Agreement (as hereinafter defined), in immediately available funds at the main
office of JPMorgan Chase Bank, N.A., as Agent, together with interest on the unpaid principal amount hereof at the rates and on the dates set forth in the Agreement. The Borrower shall pay the principal of and accrued and unpaid interest on the
Revolving Loans and Reimbursement Obligations in full on the Facility Termination Date. 
 The Lender shall, and is hereby
authorized to, record on the schedule attached hereto, or to otherwise record in accordance with its usual practice, the date and amount of each Loan and the date and amount of each principal payment hereunder. 

This Note is one of the Notes issued pursuant to, and is entitled to the benefits of, the Amended and Restated Credit Agreement dated as
of June [3], 2011 (which, as it may be amended or modified and in effect from time to time, is herein called the “Agreement”), among the Borrower, the other Loan Parties, the Lenders party thereto and JPMorgan Chase Bank, N.A., as
an LC Issuer and as the Agent, to which Agreement reference is hereby made for a statement of the terms and conditions governing this Note, including the terms and conditions under which this Note may be prepaid or its maturity date accelerated.
This Note is secured pursuant to the Collateral Documents and guaranteed pursuant to the Guaranty, as more specifically described in the Agreement, and reference is made thereto for a statement of the terms and provisions thereof. Capitalized terms
used herein and not otherwise defined herein are used with the meanings attributed to them in the Agreement. 
  

			
	Petroleum Heat and Power Co., Inc, a
	Minnesota corporation
		
	By:	 	
 

			
	Print Name:	 	
 

			
	Title:	 	  

 
  

	1 	STB confirming whether any Lenders will want a Note. 

  
 Exhibit C

 SCHEDULE OF LOANS AND PAYMENTS OF PRINCIPAL 

TO 
 NOTE OF
PETROLEUM HEAT AND POWER CO., INC. 
 DATED
                    , 201     
  

									
	 Date
	 	 Principal Amount of Loan
	 	 Maturity of Interest Period
	 	 Principal Amount Paid
	 	 Unpaid Balance

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  
 Exhibit C

 2 

 EXHIBIT D 
 FORM OF OPINION 
 [Signed opinion attached] 

  
 Exhibit D

 EXHIBIT E 
 COMPLIANCE CERTIFICATE 
  

	To:	The Lenders parties to the 

Credit Agreement Described Below 
 This Compliance Certificate is furnished pursuant to that certain Amended and Restated Credit Agreement dated as of June [3], 2011 (as amended, modified, renewed or extended from time to time, the
“Agreement”) among Petroleum Heat and Power Co., Inc., a Minnesota corporation (“Petro” or the “Borrower”), the other Loan Parties, the Lenders from time to time party thereto, JPMorgan Chase Bank,
N.A., a national banking association, as an LC Issuer and as the Agent for the Lenders, Bank of America, N.A., as syndication agent and as an LC Issuer, and RBS Citizens, N.A., as documentation agent. Unless otherwise defined herein, capitalized
terms used in this Compliance Certificate have the meanings ascribed thereto in the Agreement. 
 THE UNDERSIGNED HEREBY
CERTIFIES, ON ITS BEHALF AND ON BEHALF OF THE BORROWER, THAT: 
 1. I am the duly elected1
                                        
of the Borrower Representative; 
 2. I have reviewed the terms of the Agreement and I have made, or have caused to be made
under my supervision, a detailed review of the transactions and conditions of the Parent and its Subsidiaries during the accounting period covered by the attached financial statements; 

3. The examinations described in paragraph 2 did not disclose, and I have no knowledge of, the existence of any condition or event which
constitutes a Default or Unmatured Default during or at the end of the accounting period covered by the attached financial statements or as of the date of this Certificate, except as set forth below; 

4. I hereby certify that no Loan Party has changed (i) its name, (ii) its chief executive office, (iii) principal place of
business, (iv) mailing address, (v) corporate offices or warehouses or locations at which Collateral is held or stored, or the location of its records concerning the Collateral as set forth in the Security Agreement, (vi) the type of
entity it is, (vii) organization identification number, if any, issued by its state of incorporation or other organization or (viii) its state of incorporation or organization without having given the Agent the notice required by
Section 6.22; 
 5. Schedule I attached hereto sets forth financial data and computations evidencing the
Borrower’s compliance with certain covenants of the Agreement, all of which data and computations are true, complete and correct; 
 6. Schedule II hereto sets forth the Borrower’s Applicable Margin calculation2; and 
 7. Schedule III attached hereto sets forth the various reports and deliveries which are required at this time under the Agreement and the other Loan Documents and the status of compliance.

  
  

	1 	Chief Financial Officer, Vice President – Controller or Treasurer. 

	2 	Applicable Margin calculation applicable after receipt by the Agent of the Borrowing Base Certificate for the Fiscal Month ended December 31, 2011.

  
 Exhibit E

 Described below are the exceptions, if any, to paragraph 3 by listing, in detail, the nature
of the condition or event, the period during which it has existed and the action which the Borrower has taken, is taking, or proposes to take with respect to each such condition or event: 

 

	
	  

	
	  

	
	  

 The foregoing certifications, together with the computations and information set forth in Schedule I and Schedule II hereto and the financial statements delivered with this Certificate in support hereof,
are made and delivered this      day of                     , 201    .

  

			
	                           
                                         
    , as
	Borrower Representative
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit E

 2 

 SCHEDULE I TO COMPLIANCE CERTIFICATE 

Compliance as of             ,
         with 
 Provisions of Sections 6.1(e), 6.16(a), 6.25(a), 6.27 and
6.28 and any other covenants set forth in the 
 Agreement 

  
 Exhibit E

 3 

 SCHEDULE II TO COMPLIANCE CERTIFICATE 

Borrower’s Applicable Margin Calculation 

  
 Exhibit E

 4 

 SCHEDULE III TO COMPLIANCE CERTIFICATE 

Reports and Deliveries Currently Due 

  
 Exhibit E

 5 

 EXHIBIT F 
 JOINDER AGREEMENT 
 THIS JOINDER AGREEMENT (this
“Agreement”), dated as of                     ,     , 201    , is
entered into between
                                        ,
a                              (the “New Subsidiary”) and JPMorgan Chase Bank, N.A.,
in its capacity as administrative agent (the “Agent”) under that certain Amended and Restated Credit Agreement, dated as of June [3], 2011, among Petroleum Heat and Power Co., Inc., a Minnesota corporation (“Petro”
or the “Borrower”), the Loan Parties party thereto, the Lenders party thereto and the Agent (as the same may be amended, modified, extended or restated from time to time, the “Credit Agreement”). All capitalized
terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement. 
 The New Subsidiary and
the Agent, for the benefit of the Lenders, hereby agree as follows: 
 1. The New Subsidiary hereby acknowledges, agrees
and confirms that, by its execution of this Agreement, the New Subsidiary will be deemed to be a Loan Party under the Credit Agreement and a Guarantor for all purposes of the Credit Agreement and shall have all of the obligations of a Loan Party and
a Guarantor thereunder as if it had executed the Credit Agreement. The New Subsidiary hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Credit Agreement, including without
limitation (a) all of the representations and warranties of the Loan Parties set forth in Article V of the Credit Agreement, (b) all of the covenants set forth in Article VI of the Credit Agreement and (c) all of the guaranty
obligations set forth in Article XV of the Credit Agreement. Without limiting the generality of the foregoing terms of this paragraph 1, the New Subsidiary, subject to the limitations set forth in Section 15.10 of the Credit Agreement,
hereby guarantees, jointly and severally with the other Guarantors, to the Agent and the Lenders, as provided in Article XV of the Credit Agreement, the prompt payment and performance of the Guaranteed Obligations in full when due (whether at stated
maturity, by acceleration or otherwise) strictly in accordance with the terms thereof and agrees that if any of the Guaranteed Obligations are not paid or performed in full when due (whether at stated maturity, by acceleration or otherwise), the New
Subsidiary will, jointly and severally together with the other Guarantors, promptly pay and perform the same, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Guaranteed
Obligations, the same will be promptly paid in full when due (whether at extended maturity, by acceleration or otherwise) in accordance with the terms of such extension or renewal.  

2. The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the New Subsidiary will be
deemed to be a Grantor under the Security Agreement and shall have all of the obligations of a Grantor under the Security Agreement as if it had executed such agreement. The New Subsidiary hereby ratifies, as of the date hereof, and agrees to be
bound by, all of the terms, provisions and conditions contained in the Security Agreement. 
 3. If required, the New Subsidiary
is, simultaneously with the execution of this Agreement, executing and delivering such Collateral Documents (and such other documents and instruments) as requested by the Agent in accordance with the Credit Agreement. 

4. The address of the New Subsidiary for purposes of Article XIII of the Credit Agreement is as follows: 

 

					
	  
	 		 	
	  
	 		 	
	  
	 		 	
	  
	 		 	

  
 Exhibit F

 5. The New Subsidiary hereby waives acceptance by the Agent and the Lenders of the guaranty
by the New Subsidiary upon the execution of this Agreement by the New Subsidiary. 
 6. This Agreement may be executed in any
number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument. 
 7. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

IN WITNESS WHEREOF, the New Subsidiary has caused this Agreement to be duly executed by its authorized officer, and the Agent, for the
benefit of the Lenders, has caused the same to be accepted by its authorized officer, as of the day and year first above written. 
  

			
	[NEW SUBSIDIARY]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	Acknowledged and accepted:
	
	JPMorgan Chase Bank, N.A., as Agent
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit F

 2 

 EXHIBIT G 
 FORM OF 
 ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and
is entered into between the Assignor named below (the “Assignor”) and the Assignee named below (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit
Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and
incorporated herein by reference and made a part of this Assignment and Assumption 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 Effective Date inserted by the Administrative Agent 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 respective facilities identified below (including any letters of credit,
guarantees, and swingline loans included in such facilities) 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 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 Assumption, without representation or warranty by the Assignor. 
  

							
	1.	  	Assignor:	  	  
	  	
				
	2.	  	Assignee:	  	  
	  	
		  		  	[and is an Affiliate/Approved Fund of [identify Lender]2]
			
	3.	  	Borrower:	  	Petroleum Heat and Power Co., Inc.
			
	4.	  	Administrative Agent:	  	JPMorgan Chase Bank, N.A., as administrative agent under the Credit Agreement
			
	5.	  	Credit Agreement:	  	The Credit Agreement dated as of June [3], 2011 among Petroleum Heat and Power Co., Inc., the Lenders parties thereto, JPMorgan Chase Bank, N.A., as Administrative
Agent, and the other agents parties thereto

  

	2 	 Select as applicable. 

	6.	Assigned Interest: 

  

													
	 Facility Assigned3
	  	Aggregate Amount of
Commitment/Loans for
all Lenders	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage Assigned of
Commitment/Loans4	 
				
		  	$	            	  	  	$	            	  	  	 	%	  
				
		  	$	            	  	  	$	            	  	  	 	%	  
				
		  	$	            	  	  	$	            	  	  	 	%	  

 Effective Date:
                    , 20     [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF
RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The Assignee agrees to deliver to the Administrative Agent a completed administrative
questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Borrower, the Loan Parties and their Affiliates or their respective
securities) will be made available and who may receive such information in accordance with the Assignee’s compliance procedures and applicable laws, including Federal and state securities laws. 

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

 

			
	ASSIGNOR
	
	  

	NAME OF ASSIGNOR
		
	By:	 	  

		 	Title:
	
	ASSIGNEE
	
	  

	NAME OF ASSIGNEE
		
	By:	 	  

		 	Title:

  

	3 	 Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g.
“Revolving Commitment,” “Tranche A Term Commitment,” “Tranche B Term Commitment”). 

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

 Consented to and Accepted: 
  

			
	 JPMorgan Chase Bank, N.A., as Agent and
 an LC Issuer

		
	By:	 	  

	Title:	 	
	
	Bank of America, N.A., as an LC Issuer
		
	By:	 	  

	Title:	 	
	
	[NOTE: PLUG IN ACTUAL NAME OF
ENTITY6
		
	By:	 	  

	Title:]	 	

  

	6 	 Pursuant to § 12.3(b) of the Credit Agreement, the consent of the Borrower Representative is required prior to an assignment becoming effective
unless the Assignee is a Lender, an Affiliate of a Lender or an Approved Fund, provided that, the consent of the Borrower Representative is not required if a Default has occurred and is continuing. 

 ANNEX 1 
 Amended and Restated Credit Agreement, dated as of June [3], 2011, among Petroleum Heat and Power Co., Inc., a Minnesota corporation (“Petro” or the “Borrower”), the Loan
Parties party thereto, the Lenders party thereto and the Agent (as the same may be amended, modified, extended or restated from time to time, the “Credit Agreement”). 

STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION 
 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 Assumption 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,
(ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or 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 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 Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, 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 Effective Date, it shall be bound by the provisions of the Credit Agreement 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, together with copies of the most recent financial statements delivered pursuant to
Section 6.1 thereof, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption 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) if it is a Non-U.S. Lender, attached to the Assignment and Assumption is any documentation required to be delivered
by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee 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 Loan Documents are required to be performed by it as a Lender. 
 2. Payments. From
and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding
the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date. 

 3. General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed
counterpart of a signature page of this Assignment and Assumption by email or telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and
construed in accordance with, the law of the State of New York. 

 EXHIBIT H 
 BORROWING BASE CERTIFICATE 

 Petroleum Heat and Power Co., Inc. 

Borrowing Base Certificate 
  

															
	 	  	(000’s US$)	  	 	 	  	 	 	  	 	 
	A.	  	Total available Accounts Receivable (from page 2 of 5)	  				  	$	0	  	  			
		  		  				  	 	 	 	  			
					
	B.	  	Total available Inventory (from page 3 of 5)	  				  	$	0	  	  			
		  		  				  	 	 	 	  			
					
	C.	  	Total available Fixed Asset collateral (from page 4 of 5)	  				  	$	0	  	  			
		  		  				  	 	 	 	  			
					
	D.	  	Available Cash, per terms of the Credit Agreement	  				  	$	0	  	  			
		  		  				  	 	 	 	  			
					
	E.	  	Borrowing Base (lines A + B + C + D)	  				  				  	$	0	  
		  		  				  				  	 	 	 
					
	F.	  	Lower of:	  				  				  			
		  	Borrowing Base (line E)	  				  	$	0	  	  			
		  		  				  	 	 	 	  			
					
		  		  				  				  	$	0	  
		  		  				  				  	 	 	 
		  	Revolving Credit Commitment	  				  	$	300,000	  	  			
		  		  				  	 	 	 	  			
					
	G.	  	Revolving Credit Outstandings:	  				  				  			
		  	Revolving Loans	  	$	0	  	  				  			
		  	Letters of Credit	  	$	0	  	  				  			
		  		  	 	 	 	  				  			
		  	Total Revolving Credit Outstandings	  	$	0	  	  				  	$	0	  
		  		  				  				  	 	 	 
					
	H.	  	Available credit (overadvance) (line F - G)	  				  				  	$	0	  
		  		  				  				  	 	 	 

 Officer’s Certification: 
 Pursuant to the Amended and Restated Credit Agreement dated as of June, 2011, the undersigned Financial Officer of Petroleum Heat and Power, Co., Inc. certifies that the information provided in this
certificate to JPMorgan Chase Bank, as Administrative Agent, is true and correct based on the accounting records of Petroleum Heat and Power Co., Inc. 
  

													
		  	Petroleum Heat and Power Co., Inc.	 		 		 		 		 	
							
		  	  
	 		 		 		 	  
	 	
		  	Signature & Title 	 		 		 		 	Date	 	

  

	*	Borrowing Base Certificate to be accompanied by the documentation outlined in Section 6 of the Credit Agreement* 

 SCHEDULES TO THE AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JUNE XX, 2011

 Schedule I Commitments - 
 JPM TO PROVIDE 

 Schedule 1.1A Existing Letters of Credit 

 

															
		  	 Petroleum Heat and

Power Co., Inc.
 Letters of
Credit
	  		  				  		  		  	
							
	Facility B	  		  		  				  		  		  	
							
	  	  	 Payee
	  	 LC Purpose
	  	Amount	 	  	Expiration
date	  	L/C #	  	 Issuing
bank

	1	  	Capital Distributors	  		  	 	393,000	  	  	12/8/2011	  	68036288	  	BOA
	2	  	Insurance Company of North America	  	Bonds	  	 	1,849,000	  	  	1/10/2012	  	T-619145	  	JP Morgan
	3*	  	National Union Fire Ins	  	Meenan workers comp	  	 	200,000	  	  	4/28/2012	  	S565157	  	BOA
	4	  	Hartford Fire Insurance	  	Meenan workers comp	  	 	100,000	  	  	4/1/2012	  	S569563	  	BOA
	5*	  	Insurance Company of North America	  	Meenan workers comp	  	 	545,045	  	  	4/1/2012	  	S569564	  	BOA
	6	  	National Union Fire Ins	  	Meenan Bonds	  	 	50,000	  	  	3/31/2012	  	S569565	  	BOA
	7*	  	Pacific Employers Ins Comp	  	Meenan workers comp	  	 	418,000	  	  	4/17/2012	  	S569566	  	BOA
	8	  	Royal Indemnity Co	  	Meenan workers comp	  	 	277,000	  	  	6/30/2011	  	S568348	  	BOA
	9	  	AIG	  	Worker’s Comp	  	 	22,807,199	  	  	4/28/2012	  	S565903	  	BOA
		  		  	Auto	  	 	9,448,513	  	  		  		  	
	10*	  	Travelers Indemnity Co	  	Meenan workers comp	  	 	853,000	  	  	4/1/2012	  	S568277	  	BOA
	11*	  	Reliance Insurance Co	  	Meenan workers comp	  	 	333,804	  	  	8/13/2011	  	S566545	  	BOA
	12	  	Federated Mutual Insurance	  		  	 	275,000	  	  	6/4/2011	  	S570776	  	BOA
	13	  	United States Fire Insurance	  	Workers comp – Auto	  	 	7,000,000	  	  	2/1/2012	  	S565154	  	BOA
	14^	  	Zurich American Ins. Co.	  		  	 	1,900,000	  	  	4/23/2012	  	68050094	  	BOA
		  		  		  	 	 	 	  		  		  	
							
		  	Total Facility B	  		  	 	$46,449,561	  	  		  		  	
		  	All LC’s except Capital and Greenwich are evergreen and renew unless notice provided	  				  		  		  	

															
		  	Capital Distributors requires New York Bank	  		  				  		  		  	
	 *
	  	On Behalf of Meenan Oil Corporation	  		  				  		  		  	
	^	  	 OnBehalf of Champion Energy
	  		  				  		  		  	
							
	Facility A	  		  		  				  		  		  	
	  	  	 Payee
	  	 LC Purpose
	  	Amount	 	  	Expiration
date	  	L/C #	  	 Issuing
bank

	1	  	BP Products North America Inc.	  	Oil Vendor	  	$	1	  	  	6/30/2011	  	68026183	  	BOA
	2	  	Amerada Hess Corporation	  	Oil Vendor	  	 	1	  	  	6/30/2011	  	S574739	  	BOA
	3	  	Gulf	  	Oil Vendor	  	 	1	  	  	9/30/2011	  	S657944	  	BOA
	4	  	MSCG	  	Oil Vendor	  	 	1	  	  	6/30/2011	  	68026289	  	BOA
	5	  	Sempra	  	Oil Vendor	  	 	1	  	  	6/30/2011	  	68026181	  	BOA
	6	  	Sunoco	  	Oil Vendor	  	 	1	  	  	6/30/2011	  	S657876	  	BOA
	7	  	Cargill	  	Oil Vendor	  	 	1	  	  	6/30/2011	  	68026288	  	BOA
	8	  	NIC	  	Oil Vendor	  	 	1	  	  	6/30/2011	  	68026290	  	BOA
	9	  	State of New Jersey	  	Corporate Business Tax Liability for TG&E	  	 	276,707	  	  	11/25/2011	  	68026292	  	BOA
	10	  	Sprague	  	Oil Vendor	  	 	1	  	  	6/30/2011	  	68026296	  	BOA
		  		  		  	 	 	 	  		  		  	
		  	Total Facility A	  		  	$	276,716	  	  		  		  	
							
	Transactional	  		  		  				  		  		  	
							
	  	  	 Payee
	  	 LC Purpose
	  	Amount	 	  	Expiration
date	  	L/C #	  	 Issuing
bank

	1	  	Conoco Phillips	  	Oil Vendor	  	$	1	  	  	6/30/2011	  		  	BOA
	2	  	Glencore	  	Oil Vendor	  	 	1	  	  	6/30/2011	  	68026295	  	BOA
	3	  	Hess Energy Trading	  	Oil Vendor	  	 	1	  	  	6/30/2011	  	68026184	  	BOA
	4	  	Mieco	  	Oil Vendor	  	 	1	  	  	6/30/2011	  	68026294	  	BOA
	5	  	Vitol, Inc	  	Oil Vendor	  	 	1	  	  	6/30/2011	  	68026619	  	BOA
	6	  	Statoil Marketing	  	Oil Vendor	  	 	1	  	  	6/30/2011	  	68026618	  	BOA
		  		  		  	 	 	 	  		  		  	
		  	Total Transactional	  		  	$	6	  	  		  		  	
							
		  	Total Petro	  		  	$	46,726,283	  	  		  		  	

 Schedule 1.1B Eligible Carriers 

 

													
	 Company
	 	 Address
	 	 City
	 	State	 	ZIP	 	 Principle/Contact
	 	 Telephone

	
	Truckers List (including Owner/Operators)
	 Richard T. Layton
	 	19 Danbury Rd.	 	New Milford	 	CT	 	06776	 	Rich Layton	 	860.354.4888
	 C.W. White and Sons
	 	1 Evans Road	 	Rocky Hill	 	CT	 	06067	 	C.W. White	 	860.529.7246
	 James Bittar
	 	55 Birchwood Rd.	 	Monroe	 	CT	 	06468	 	James Bittar	 	203.261.4632
	 Robert Pote
	 	7 Sherman Place	 	Norwalk	 	CT	 	06851	 	Robert Pote	 	203.216.0521
	 Stephen Cenatiempo
	 	2 Assisi Way	 	Norwalk	 	CT	 	06850	 	Stephen Cenatiempo	 	203.847.9175
	 Jeffrey E. McSherry
	 	42 Beebrook Road	 	Washington Depot	 	CT	 	06794	 		 	203-770-2294
	 Murphy Transport
	 	PO Box 3	 	Greensboro	 	MD	 	21639	 	Guy Murphy	 	410-482-6265
	 Hahn Transportation
	 	PO Box 8	 	New Market	 	MD	 	21774	 	Barbara Windsor	 	301.865.5467
	 Carroll Independent Fuels
	 	2700 Loch Raven Road	 	Baltimore	 	MD	 	21218	 	Vickie Jamack	 	410-261-5314
	 Carroll Fuel Service
	 	6401 Chemical Road	 	Baltimore	 	MD	 	21226	 	David Greenbeck	 	410-261-5328
	 Petro Express Company
	 	 1836 Chesapeake Ave 
	 	 Baltimore 
	 	MD	 	21226	 	 Andrea Zepp 
	 	410-355-3849
	 Wisnewski Trucking Corp.
	 	88 Morris Turnpike	 	Randolph	 	NJ	 	07869	 	Frank Wisnewski	 	973.366.6464
	 JA Burns Trucking
	 	1081 Rt. 173 W	 	Asbury	 	NJ	 	08802	 	James A. Burns	 	908.735.9246
	 Papco, LLC
	 	1709 S. Burlington Road	 	Bridgeton	 	NJ	 	08302	 		 	856.455.9450
	 Frank Farrell Trucking
	 	209 Butternut Rd	 	Califon	 	NJ	 	07830	 	Frank Farrell	 	908.832.7340
	 Robinson Transport Co.
	 	1463 Lamerton Road	 	Trenton	 	NJ	 	08611	 	Jerry Robinson	 	609-392-8511
	 Alternative Fuel / Prospect
	 	583 Industrial Road,	 	Carlstadt	 	NJ	 	07072	 	Jack McNamara	 	201-933-9999
	 SGW Fuel Delivery LLC
	 	353 Churchill Ave.	 	Trenton	 	NJ	 	08610	 	Scott White	 	609.888.1694
	 Richard Ball LLC
	 	366 Morris Ave	 	Trenton	 	NJ	 	08611	 	Richard Ball	 	609.394.6846
	 AMB Oil LLC
	 	71 Peter Rafferty Dr.	 	Hamilton Square	 	NJ	 	08690	 	Anthony Brenna	 	609.586.7073
	 Lee Transport
	 	228 Garden Rd	 	Elmer	 	NJ	 	08318	 		 	856.358.7555
	 C.R. Wines Trucking Co.
	 	3191 Bordentown Ave.	 	Parlin	 	NJ	 	08859	 		 	732.727.2431
	 Vaughan Heating And AC
	 	121 Barret Ave.	 	Magnolia	 	NJ	 	08049	 		 	856-627-0303
	 Bruno’s Trucking Inc.
	 	325 Willow Way	 	Clark	 	NJ	 	07066	 	Anthony Bruno	 	732.936.9083
	 Styp’s Trucking, LLC
	 	525 Maple Ave.	 	Linden	 	NJ	 	07036	 	Steve Stypulskonski	 	908-463-2819
	 R Collins Trucking Co
	 	2 Dubois Rd.	 	Belle Mead	 	NJ	 	08844	 	Rick Collins	 	908.359.1364

 Schedule 1.1b Eligible Carriers 

 

													
	 Company
	 	 Address
	 	 City
	 	State	 	ZIP	 	 Principle/Contact
	 	 Telephone

							
	 David Jones
	 	31 Princeton Rd.	 	Elizabeth	 	NJ	 	07208	 	David Jones	 	908.955.5262
	 R. Bruno Trucking
	 	2082 Hilltop Road	 	Scotch Plains	 	NJ	 	07076	 	Robert Bruno	 	908.654.6130
	 T Caldwell Fuel Dist
	 	100 Kenilworth Blvd.	 	Cranford	 	NJ	 	07016	 	Tom Caldwell	 	908.276.5313
	 TDC Trucking Inc
	 	26 Mott PL	 	Spotswood	 	NJ	 	08884	 	Tom Czech	 	732.251.7606
	 R&R Transport
	 	344 Rt. 46	 	Rockaway	 	NJ	 	07866	 	Semoyer Rosenfarb	 	973.583.4501
	 S.I.B. Trucking LLC
	 	295-4d Gemini Drive	 	Hillsborough	 	NJ	 	08844	 	Scott Weinstock	 	908-581-9621
	 New Horizon Fuel, LLC
	 	2114 Ludlow St.	 	Rahway	 	NJ	 	07065	 	Kevin Senger	 	201-376-9590
	 JMF fuel
	 	2251 Winfield Street	 	Rahway	 	NJ	 	07065	 	John Forys	 	908-358-4444
	 Carmel Terminals (Durkin)
	 	120 Fields Lane	 	Brewster	 	NY	 	10509	 		 	845-279-8060
	 Newdel Express Co., Inc.
	 	23 Station Rd.	 	Bellport	 	NY	 	11713	 	Robert Lyons	 	516.807.2825
	 Hart Trucking Corporation
	 	1900 Plaza Ave.	 	New Hyde Park	 	NY	 	11040	 	Raymond Hart	 	516.352.4245
	 Anchor Tank Lines
	 	19-01 Steinway St.	 	Astoria	 	NY	 	11105	 		 	800.635.3835
	 All Aboard Transport, Inc.
	 	8 Kit Court	 	Monroe	 	NY	 	10950	 	 David Board 
	 	845-782-4727
	 LP Transportation Inc.
	 	PO Box 489	 	Chester	 	NY	 	10918	 	Andrew Palmer	 	845.469.2188
	 James A. Turner, Inc.
	 	3469 Bethlehem Pike	 	Souderton	 	PA	 	18964	 	James A. Turner	 	215.723.6250
	 Torres dale Fuel Co., Inc.
	 	188 State Road	 	Bensalem	 	PA	 	19020	 	Paul Ross Bauer	 	215.639.0160
	 BRT, Inc. (Buck Run Transportation)
	 	813 North Doctorial Trail	 	Parkesburg	 	PA	 	19365	 		 	888.282.5786
	 Quest Transport LLC
	 	924 3rd Ave	 	Duncansville	 	PA	 	16635	 	Christopher Gibson	 	814-695-3100
	 Off Shore Express
	 	65 Pershing Ave.	 	Wakefield	 	RI	 	02879	 		 	401-641-4587
	 WLIT, Inc.
	 	1080 Kingstown Road	 	Peace Dale	 	RI	 	02879	 	Kevin Guerilla	 	401-789-9000
	
	Barging Companies
	 Buckeye Pipe Line Company
	 	5002 Buckeye Rd.	 	Emmaus	 	PA	 	18049	 	Eric Moyer	 	484-232-4337
	 Bouchard
	 		 		 		 		 		 	
	 Transportation Co, Inc.
	 	58 South Service Rd. Suite 150	 	Melville	 	NY	 	11747	 	Morton Bouchard, III	 	516-681-4900
	 K-Sea Transportation Inc.
	 	3245 Richmond Terrace	 	Staten Island	 	NY	 	10303	 	Richard Pitner	 	718-720-7207

 Schedule 1.1b Eligible Carriers 

 

													
	 Company
	 	 Address
	 	 City
	 	State	 	ZIP	 	 Principle/Contact
	 	 Telephone

							
	 Reinauer Transportation Companies
	 	1983 Richmond Terrace	 	Staten Island	 	NY	 	10302	 	Craig Reinauer	 	718-816-8167
	 Greater NY Marine
	 	12 Dumbarton Drive	 	Huntington	 	NY	 	11743	 	Linda Merrow	 	631-760-2020
	 Poling Cutler
	 	18 Breckenridge Court	 	Freehold	 	NJ	 	07728	 	Rick Erzats	 	732-780-7882
	 Gellatly & Criscione Services Corp
	 	2109 Herbertsville Road	 	Point Pleasant	 	NJ	 	08742	 	Mario Criscione	 	732-295-5900
	 Vane Brothers Company
	 	2100 Frankfurst Ave	 	Baltimore	 	MD	 	21226	 		 	410-631-5096
	 Marine Environmental Transportation, LLC
	 	1203 Polans Court	 	Forked River	 	NJ	 	08731	 	Chris Charles	 	609-971-1818

 Schedule 5.8 - Litigation and Contingent Obligations 

None 

 Schedule 5.9 Capitalization and Subsidiaries 

Schedule 5.9 (a), (b) and (d) 
  

									
	 LEGAL NAME
	 	 TAX ID
	 	 ORG. ID
	 	 CHIEF EXECUTIVE OFFICE
	 	 TYPE OF

ENTITY

					
	A.P. Woodson Company	 	06-1059668	 	820555	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	CFS LLC	 	27-4460830	 	3997603	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	Limited liability company
					
	Columbia Petroleum Transportation, LLC	 	25-1859437	 	3176183	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	Limited liability company
					
	Marex Corporation	 	52-1224796	 	D-01242627	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Meenan Holdings of New York, Inc.	 	75-3094989	 	 N/A in NY

state
	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Meenan Oil Co., Inc.	 	13-5581656	 	781936	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Meenan Oil Co., L.P.	 	11-3083408	 	2278852	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	Limited partnership
					
	Minnwhale LLC	 	20-8048384	 	 N/A in NY

state
	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	Limited liability company
					
	Ortep of Pennsylvania, Inc.	 	23-2319071	 	830187	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Petro Holdings, Inc.	 	06-1538741	 	10J-870	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Petro, Inc.	 	74-1810078	 	808113	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Petro Plumbing Corporation	 	22-3802212	 	100839703	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Petroleum Heat and Power Co., Inc.	 	06-1183025	 	5I-939	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation

									
					
	RegionOil Plumbing, Heating and Cooling Co., Inc.	 	22-2974742	 	100388793	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Richland Partners, LLC	 	25-1881489	 	2990194	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	 Limited liability

company

					
	Star Gas Finance Company	 	75-3094991	 	3614714	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Star Gas Partners, L.P.	 	06-1437793	 	2544224	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	 Limited

partnership

					
	Star Acquisitions	 	06-1538742	 	10M-613	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	TG&E Service Company, Inc.	 	65-0952963	 	P99000086006	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Champion Oil Company [1]	 	06-1078186	 	0138412	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Champion Energy Corporation [1]	 	06-1156651	 	2079601	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	C. Hoffberger Company [1]	 	52-1437108	 	D02062974	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Hoffman Fuel Company of Bridgeport [1]	 	06-1156650	 	2080827	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Hoffman Fuel Company of Danbury [1]	 	06-1156647	 	2080828	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Hoffman Fuel Company of Stamford [1]	 	06-1156649	 	2080821	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	J.J. Skelton Oil Company [1]	 	23-2387742	 	902189	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Lewis Oil Company [1]	 	11-2780728	 	N/A in NY state	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
					
	Rye Fuel Company [1]	 	06-1156653	 	2080829	 	 2187 Atlantic Street
 Stamford,
CT 06902
	 	corporation
				
	[1] Former address for these entities within the last five years was	 		 	 1 Radisson Plaza
 New Rochelle,
NY 10801
	 	

 Schedule 5.9(c) 
  

					
	 Issuer
	 	 issued in the name of
	 	 Ownership Interest

			
	A.P. Woodson Company	 	Petro Inc.	 	100 shares of Common Stock, no par value; 100% ownership interest
			
	CFS LLC	 	Richland Partners, LLC	 	100% Membership Interest
			
	Champion Oil Company	 	Champion Energy Corporation	 	100 shares of Common Stock, $0.01 par value; 100% ownership interest
			
	Champion Energy Corporation	 	Petro Holdings, Inc.	 	100 shares of Common Stock, $0.01 par value; 100% ownership interest
			
	C. Hoffberger Company	 	Champion Energy Corporation	 	100 shares of Common Stock, $0.01 par value; 100% ownership interest
			
	Columbia Petroleum Transportation, LLC	 	Richland Partners, LLC	 	100% Membership Interest
			
	Hoffman Fuel Company of Bridgeport	 	Champion Energy Corporation	 	100 shares of Common Stock, $0.01 par value; 100% ownership interest
			
	Hoffman Fuel Company of Danbury	 	Champion Energy Corporation	 	100 shares of Common Stock, $0.01 par value; 100% ownership interest
			
	Hoffman Fuel Company of Stamford	 	Champion Energy Corporation	 	100 shares of Common Stock, $0.01 par value; 100% ownership interest
			
	J.J. Skelton Oil Company	 	Champion Energy Corporation	 	100 shares of Common Stock, $0.01 par value; 100% ownership interest
			
	Lewis Oil Company	 	Champion Energy Corporation	 	100 shares of Common Stock, $0.01 par value; 100% ownership interest
			
	Marex Corporation	 	Petro, Inc.	 	100 shares of Common Stock, no par value; 100% ownership interest
			
	Meenan Holdings of New York, Inc.	 	Meenan Oil Co., Inc.	 	100 shares of Common Stock, no par value; 100% ownership interest
			
	Meenan Oil Co., Inc.	 	Petro Holdings, Inc.	 	1,269 shares of Common Stock, par value $ 0.01 per share; 100% ownership interest
			
	Meenan Oil Co., L.P.	 	 1) Meenan Oil Co., Inc.
  

2) Meenan Holdings of New York, Inc.
	 	 1) 75.069236% Limited Partnership Interest
  

2) 24.930764% Limited Partnership Interest

					
			
	Minnwhale LLC	 	Petro, Inc.	 	100% Membership Interest
			
	Ortep of Pennsylvania, Inc.	 	Petroleum Heat & Power Co., Inc.	 	200 shares of Common Stock, no par value; 100% ownership interest
			
	Petro Plumbing Corporation	 	Petroleum Heat & Power Co., Inc.	 	90 shares of Common Stock, $0.01 par value; 90% ownership interest
			
	Petro Inc.	 	Petroleum Heat & Power Co., Inc.	 	950 shares of Common Stock, no par value; 100% ownership interest
			
	Petroleum Heat and Power Co., Inc.	 	Petro Holdings, Inc.	 	26,452,270 shares of Common Stock, par value $0.10 per share; 100% ownership interest
			
	Petro Holdings, Inc.	 	Star Acquisitions, Inc.	 	100 shares of Common Stock, par value $0.10 per share; 100% ownership interest
			
	RegionOil Plumbing, Heating and Cooling Co., Inc.	 	Meenan Oil Co., L.P.	 	90 shares of Common Stock, no par value; 90% ownership interest
			
	Richland Partners, LLC	 	Ortep of Pennsylvania, Inc.	 	100% Membership Interest
			
	Rye Fuel Company	 	Champion Energy Corporation	 	100 shares of Common Stock, $0.01 par value; 100% ownership interest
			
	Star Gas Finance Company	 	Star Gas Partners, L.P.	 	100 shares of Common Stock, $0.01 par value; 100% ownership interest
			
	Star Gas Partners, L.P.	 	 1) Kestrel Heat, LLC
  

2) Public
	 	 1) 324,100 general partner units representing general partnership interests

 
 2) limited partnership units publicly traded

			
	Star Acquisitions, Inc.	 	Star Gas Partners, L.P.	 	100 shares of Common Stock, $0.01 par value; 100% ownership interest

 Schedule 5.12 Names; Prior Transactions 

 

			
	Maxwhale Corp.	  	Merged into Petroleum Heat & Power Co., Inc. 12/31/2006. Assets contributed by PH&P to Petro, Inc. and by Petro Inc. into Minnwhale LLC, a new Limited Liability
Corporation
	
	 Existing Entities and Trade Names:

		
	 GRANTOR
	  	 TRADE NAME, DIVISION NAME, ETC.

		
	A.P. Woodson Company	  	Petro, Robert Shreve Fuel Company, T.W. Perry, Perry Oil
		
	Columbia Petroleum Transportation, LLC	  	None
		
	CFS LLC	  	None
		
	Marex Corporation	  	Petro
		
	Minnwhale LLC	  	Whaleco, Whale Oil, Campbell & Pratt Oil Company, The Boiler Room, Contex Fuel Company, Cibro of the Bronx, Bergen, Heightstown, Petro, Fuel Oil, McConnell Fuel, Inc., Acme
McConnell Fuel, McConnell Oil, Garden State Fuel Oil, Retting Fuel Oil, Retting Coal Co., Inc., Retting Oil, Long Branch Ice & Fuel, Slocum Fuel, Long Branch Ice & Fuel Company, Inc., Slocum Long Beach Fuel Company, Home Fuel Oil Company of
Englewood, Franklin, Franklin Petroleum Corp., Franklin Fuel, McDowells, Magullian Fuel, Sipco, Retting, Whaleco, Belco Fuel Oil, Acme Oil, Smith Bros. Fuel, Four Points, Way’s Heating & Cooling
		
	Meenan Holdings Of New York, Inc.	  	None
		
	Meenan Oil Co., Inc.	  	None
		
	Meenan Oil Co., L.P.	  	209 Discount Oil, ABC Oil, Atomic Fuel Oil, Ayers & Seeley Oil, Bartram Fuel Oil, Bell Fuel, Big Saver, Bison Fuel, Borden-Van Alen, Budd Oil Company, Burke Fuel, Burke Fuel
& Heating Co., Inc., Burke Heat, Butler Oil, C.G. Sweigart Oil Company, C. Kappers & Son or Kappers & Son, C.O.D. Oil, Campbell Oil, Cash Oil, Certified Petroleum, Christy Halsey Oil, COD.Com, CODOIL.Com, Crown Fuel Co., DeSilva Fuel,
Dickman Sargeant Oil, Discount Oil, Effron Fuel Oil Co., Eggert Oil Company, Elias Fuel Oil Co., F.P. Young Co., Heatwell Oil Company, HECO Gas/C. Kappers & Son, Home Comfort Fuel Oil, Hudson Valley Petroleum, Joe’s Fuel, Johnson Oil,
K&S Fuel, Kappers & Son/Bridgeville, Kirk’s Fuel, Kunkel Oil Co., Lakeland-Merit-Armstrong, Lawrence Oil, LMA Inc., Love Oil Company, Love/Durkin Fuel, Love/Effron, Marine Oil Co., Maue Oil Company, Maxwell-Canby Fuel Oil, Mayberry Fuel
Service, McNulty Oil, Meenan, Meenan Oil, Meenan Oil Co., Meenan Oil Company, Meenan Security Services, “Meenan Security Services, a Divison of Region Oil,” “Meenan Security Services, a Division of Budd Oil Company,”
Meenan-North, Need Oil, Oil Direct, Peppelmen Oil, Petrolube, Quality Heating, Region Oil, Riverside Oil, Ruggieri & Sons,
	Meenan Oil Co., L.P. cont’d	  	Sav-on/Liebert Fuel Oil, The SICO Company, SICO Home Comfort, Shoreham Oil Service, Smith Oil, Springfield Oil, Stop Oil, Sussex County Oil, Sussex/Morris Fuel, Valley Fuel Oil,
Wallace Oil Company, Young Supply Co., Zongora Fuel, Verplanck Fuel, Premium Petroleum, Buchanan Petroleum, Carpenter and Smith, Four Points
		
	Ortep of Pennsylvania, Inc.	  	Sinkler, Alderfer Heating & Fuel, Good Service Company, Petro Home Services
		
	Petro Holdings, Inc.	  	Petro Charles L. Booth, Petro West Bay Electric, Colonial, Radiant Fuel, Fiorillo Fuel, Lorraine Oil,. Erickson Oil Company, Wood’s Heating, Atlas/Glenmor, Waltham Fuel,
Coventry, Buckley Heating and Cooling

			
	Petro, Inc.	  	A-One Oil, Bacu Fuel, Petro, Kavanaugh Oil Company, Flynn Brothers, George Bergold, Ledwith, Tuthill Magee Oil Company, Universal Oil Company-Division of Commander Petro, Hufco Oil
Company, Baylis & Baylis, Giffords Energy, Reliance/Ritel, Reliance Fuel Associates, Reliance Fuel Oil Associates, Reliance Associates, Reliance/Ritel, Ryan Oil, Garrison Fuel, Garrison Oil, Garrison Fuel Oil of Long Island, Sail Oil, Seaman
Fuel, Shore Fuel Oil, Southhampton Coal and Fuel, Sherman Oil, Tuthill Magee Oil Company, P.H. Dietz, Millbrook Fuel Oil, George Bergold, Kasden Elm City Fuel, Home Oil, Colonial Fuel, Ronlin Fuel, Gordon Fuel Oil, Park Avenue Fuel, Rella, Greco
Brothers, V. Savino, Rose Fuel, Bayside Fuel Oil, Sy Luba, Genovese Industries, Oil Burner Utilities Co., Southampton Oil, Hardy Oil, Hardy Plumbing, Heating & Air Conditioning, New Age Fuel Oil, Lyons Fuel Oil, G&S Fuel, Patterson Fule,
Consumers Energy Group, Vijax, Patterson Energy Group, Berkoski Oil, Berkoski Security, Combind Oil, Petro Plumbing, Petro Propane
		
	Petroleum Heat and Power Co., Inc.	  	Petro Home Services, Petro, Paschoal Bros., Jamestown Fuel, Tanner Oil, Reliable Fuel Co., Reliable Oil Co., Newport Oil Corp., Economy Oil, Wakefield Branch Oil, Hy-Test Oil Co.,
Dexter Bros. Fuel, Leary Oil,
		
	RegionOil Plumbing, Heating and Cooling Co., Inc.	  	Budd Oil Company
		
	Richland Partners, LLC	  	Patriot Hauling, Patriot Water, Patriot Oil, Patriot Propane, Dampman-Sturges Oil, Speedway Oil, Tanner Home & Energy, Tanner Oil Company
		
	Star Gas Partners, L.P.	  	none
		
	Champion Oil Company	  	none
		
	Champion Energy Corporation	  	none
		
	C. Hoffberger Company	  	Eastern Petroleum, Fuelman
		
	Hoffman Fuel Company of Bridgeport	  	Chickos Oil
		
	Hoffman Fuel Company of Danbury	  	Haller Stowe, Shelly Fuel, Mahopac Oil
		
	Hoffman Fuel Company of Stamford	  	
		
	J.J. Skelton Oil Company	  	Hancock Oil
		
	Lewis Oil Company	  	Bellmore Fuel, Kurz Oil, Marine Park, Sterling-Coastal Fuel, Vico, Lewis Air Conditioning, Champion Energy Air Conditioning, F&R Fuel, RCF Fuel, A&S Fuel
		
	Rye Fuel Company	  	Fuel Express, Goddwin Oil, Northern Comfort

 Schedule 5.14 Material Agreements 

 

	 	1.	Credit Agreement, dated as of July 2, 2009, among Petroleum Heat and Power Co., Inc., the other Loan Parties, the Lenders from time to time a party thereto and
JPMorgan Chase Bank, N.A., a national banking association, as an LC ISSUER and as the Agent, Bank of America, N.A. as syndication agent and as an LC Issuer and RBS Citizens, N.A. as documentation agent, as amended. 

 

	 	2.	Indenture, dated as of November 16, 2010, among the Parent, Star Gas Finance Company and Union Bank of California, N.A., as trustee. 

 

	 	3.	Amended and Restated Unit Purchase Rights Agreement dated as of July 20, 2006 between Star Gas Partners, L.P., and American Stock Transfer & Trust
Company, as amended. 

  

	 	4.	Interest Purchase Agreement dated November 18, 2004 for the sale of propane operations. 

 Schedule 5.16 Ownership of Properties 
 None 

 Schedule 5.18 Environmental Matters 

Petro Holdings, Inc. (“Petro”) and its Subsidiaries’ Remediations: 
 Lincoln Avenue (Winchendon, MA) 
 Former Star Gas Propane, L.P. site (1/4 Acre) with
groundwater contamination. Currently operating under a Class C RAO- Temporary Solution. No immediate closure prospects exist here due to the contaminant levels and the subsurface bedrock geology. A passive NAPL recovery system has been installed and
the property is on a quarterly Operations & Maintenance (O&M) schedule. Costs of $5,000 to $6,000 per year are anticipated while this continues. 
 School Street (Winchendon, MA) 
 Former Star Gas Propane L.P. site with contamination in
soils and groundwater which impinges on adjacent wetland. Currently classified Tier IA by MADEP. Phase III RAP work plan recently completed with excavated soils currently undergoing ex-situ land farm remediation. Minimal O&M costs are expected
in subsequent years as well as quarterly groundwater monitoring. 
 Clinton, MA (Jems) 

Former Star Gas Propane, L.P. site at which Petro has entered into an agreement with JEMS Inc. to cover 30 % of remediation costs. Currently, there
is a pump & treat system installed to recover hydrocarbon contamination. Negotiations for settlement and Star Gas exit from remediation are underway. An adjacent site (678 Main St.—Tier II) is also contaminated and Petro alone is the
responsible party. 
 Princeton, NJ 
 Current operating site of Petro-Princeton. Major cleanup accomplished in past, but several problem areas remain on this complex geological site. Groundwater monitoring continues. Preliminary results show
that attenuation has been effective in lowering contaminant levels. The company has opted into the New Jersey LSRP program to complete the characterization of the site and intends to place additional monitoring wells on the site to complete
characterization. Upon sampling results a final RACR will be developed. 

 Champion Energy Corporation and its subsidiary companies: 

Hoffman Fuel Company 
 156 East
Washington Avenue 
 Bridgeport, Connecticut 
 REM ID NO. 9797 
 The Hoffman Fuel Company property has historically been utilized and is
currently utilized as a bulk petroleum storage and distribution facility. Since the property meets the definition of an “Establishment” as defined by Section 22e-134e of the Connecticut General Statues, Form III Property Transfer
filings were submitted to the Connecticut Department of Environmental Protection (CTDEP) following the sale of the property in June 1993, November 2004, and May 2010. Amongst other administrative requirements, an environmental Condition
Assessment Form was completed which identified potential environmental areas of concern based upon data obtained during the completion of Phase I and Phase II Environmental Site Assessments (ESA) completed at the property in April 1994 and May 2005.
Pursuant to CTDEP correspondence dated June 2010, the CTDEP delegated oversight of the investigation and remediation of the property to a Licensed Environmental Professional (LEP). 
 The Phase I and Phase II ESAs identified a total of seventeen (17) areas of concern (AOCs) at the property. Specifically, concentrations of specific petroleum compounds have been identified in soil
and groundwater at the property at concentrations that exceed the applicable CTDEP Remediation Standard Regulation (RSR) criteria. In addition, the presence of non-aqueous phase liquid (free product) has been identified on the groundwater surface at
the property. 
 Recent activities have included the completion of a Phase III ESA, as well as remedial pilot testing to determine the most
effective approach to free product recovery. Based upon the results of these recent activities, a Remedial Action Plan will be prepared to document the remedial approach to be undertaken at the property to comply with the RSRs. This approach will
likely involve the use of an engineering control (impermeable membrane) to prevent further leaching of impacted soils, excavation of isolated areas of impacted soil, removal of free product to the extent practicable, execution of an Environmental
Land Use Restriction maintaining non-residential use of the property, and possibly in-situ chemical oxidation to address presence of remaining RSR exceedances in groundwater. The estimated costs to implement this remedial approach total $ 3,000,000
with expenses totaling approximately $250,000 incurred to date. The Company currently has $1, 500,000 in environmental reserve against this remedial process with an additional $2,500,000 of escrow reserve available to complete this remedial
approach. 
 Hoffman Fuel Company 
 170 White Street 
 Danbury, Connecticut 

REM ID NO. 9799 
 The Hoffman Fuel Company
property has historically been utilized and is currently utilized as a bulk petroleum storage and distribution facility. Since the property meets the definition of an “Establishment” as defined by Section 22e-134e of the Connecticut
General Statues, Form III Property Transfer filings were submitted to the Connecticut Department of Environmental Protection (CTDEP) following the sale of the property in June 1993, November 2004, and June 2010. Amongst other administrative
requirements, an Environmental Condition Assessment Form was completed which identified 

 
potential environmental areas of concern based upon data obtained during the completion of Phase I and Phase II Environmental Site Assessments (ESA) completed at the property in April
1994, April 2005 and March 2006. Pursuant to CTDEP correspondence dated May 2007, the CTDEP delegated oversight of the investigation and remediation of the property to a Licensed Environmental Professional (LEP). 

In January 2010, a Phase III ESA was completed which identified a total of twelve (12) AOCs at the property. Specifically, concentrations of
specific petroleum compounds have been identified in soil and groundwater at the property at concentrations that exceed the applicable CTDEP Remediation Standard Regulation (RSR) criteria. In addition, the presence of non-aqueous phase liquid (free
product) has been identified on the groundwater surface at the property. 
 In January 2010, a Remedial Action Plan was prepared to document the
remedial approach to be undertaken at the property to comply with the RSRs. This approach will involve excavation of isolated areas of impacted soil, removal of free product to the extent practicable, execution of an Environmental Land Use
Restriction maintaining non-residential use of the property, and possibly in-situ chemical oxidation to address presence of remaining RSR exceedances in groundwater. The estimated costs to implement this remedial approach total $380,000 with
expenses totaling approximately $75,000 incurred to date. Additional 
 SICO Related Assets Remediations: 

The following remediation activities are on properties owned by ORTEP of Pa, under its Richland Partners, LLC subsidiary in connection with the
acquisition of the SICO assets: 
 Sweigart (Denver, PA) 
 Remediation of historic petroleum UST failure. C.S. Sweigert, SICO’s predecessor, received no further action letter with respect to the soil remediation associated with removal of the tanks in 1991.
Groundwater is still contaminated (a site characterization was conducted). In 2007, Richland Partners LLC purchased the property from the owner Sweigart and immediately pursued the closure of the groundwater issue with PADEP. Richland Partners LLC
is currently in receipt of an ACT 2 on site specific standards closure letter from PADEP for water contamination stating no further action required. The site shows no additional impact to Richland Partners LLC operations expected in the future.

 Richland Partners, LLC Remediations 
 The following remediation activities are on properties owned by Petro in connection with the acquisition of all of the equity interests in Richland Partners, LLC (“Richland” or also known as
Leffler) in June of 2003: 
 Overview 
 Ortep of Pennsylvania, Inc., a subsidiary of Petro acquired 100% of the membership interest of Richland Partners LLC on June 4, 2003. As part of the acquisition, real estate was acquired in
Pennsylvania in the following locals: York, New Holland, Mount Joy, Lancaster, Richland, Stewartstown and Douglassville, Pennsylvania. 
 Indemnification 
 Pursuant to an Asset Purchase Agreement dated
March 3, 2001, Richland acquired the assets of Columbia Petroleum Transportation, LLC (“Columbia”). The transaction included the acquisition of all of the real estate listed above, except for the Douglassville property. The
Douglassville property was acquired by Richland after its acquisition of Columbia. (Columbia Energy Group - the shareholder of Columbia - is now known as NiSource, Inc.) 
 The Asset Purchase Agreement (the “Agreement”) provides indemnity protection to Richland for environmental liabilities occurring pre-closing (pre March 26, 2001). The Agreement does not
cover the Douglassville property since it was not part of the Richland/Columbia acquisition. The Agreement provides that the seller, Columbia, retains liability for all pre-closing Environmental Conditions,5 and requires Columbia and its shareholder, Columbia Energy Group,
(“Shareholder”), to indemnify, defend and hold harmless Richland and other related parties from and against all losses incurred with respect to Retained Liabilities,6 including pre-closing Environmental Conditions. 

The Agreement further provides at Article 6.01(a) that Columbia shall be solely responsible for any Environmental Condition arising
pre-closing, and Environmental Claims7 and/or
Environmental Expenses8 arising therefrom, regardless of
whether such environmental condition was discovered or manifested prior to Closing. 
  

	5 	Defined as conditions of the environment, including the ocean, natural resources (including flora and fauna), soil, surface water, groundwater, any present or potential
drinking water supply, subsurface strata or the ambient air, relating to or arising out of the use, handling, storage, treatment, recycling, generation, manufacture, formulation, migration, transportation, release, emission, spilling, leaking,
pumping, pouring, emptying, discharging, injecting, escaping, leaching, disposal, dumping or threatened release of Regulated Substances. 

	6 	Defined in §2.04(b) of the Agreement. 

	7 	Defined as any Third Party Action, including without limitation those asserted by any Governmental Body, arising out of or relating to any Environmental Condition or
any Environmental Noncompliance. 

	8 	Defined as liability, loss, cost or expense arising out of Environmental Noncompliance including, without limitation, costs of investigation, characterization, cleanup,
remedial or response action, site control, fines, civil penalties, the costs associated with posting financial assurances for the completion of response, remedial or corrective actions, obtaining permits, the preparation of any closure or other
necessary or required plans or analyses, or other reports or analyses submitted to or prepared by regulating agencies, including the cost of health assessments, epidemiological studies and the like, retention of engineers and other expert
consultants, legal counsel, capital improvements, operation and maintenance testing and monitoring costs, power and utility costs and pumping taxes or fees, and administrative costs incurred by governmental agencies. 

 The Agreement also provides at Article 7.03 that Columbia and its Shareholder, jointly and
severally, shall indemnify, defend, and hold harmless Purchaser’s Indemnified Persons (defined as Purchaser, subsidiary corporations, sister and other “affiliated” corporations (or other entities) and their officers, directors,
employees, stockholders, etc.) from and against any and all Losses directly or indirectly incurred by any of them in respect of Retained Liabilities (inclusive of pre-closing Environmental Conditions). Article 7.07 exempts Retained Liabilities
(including pre-closing Environmental Conditions) from any time limitations placed on Seller’s indemnification under Article 7.03. In other words, the indemnification provisions do not expire. 

Environmental Insurance 
 In addition to the foregoing indemnification, there are two (2) XL Company environmental insurance policies in place: (i) A Commercial Property Redevelopment Policy covering the policy period
September 11, 2000 to May 11, 2009. This policy was taken out by a predecessor in title to the properties, Carlos R. Leffler, Inc. Subject to certain exclusions, this policy contains, among other coverages, stop loss coverage for
remediation work needed to complete the scopes of work in excess of certain specified amounts, (we are not privy to these amounts) for all of the properties except the Douglasville site. The first named insured under this policy is Carlos R.
Leffler, Inc. and its successors and assigns. Richland Partners, LLC is a named insured under this policy as it relates to the above listed locations, except Douglassville. The policy also covers a number of other locations not owned by Richland.
There are also a number of other additional insureds. Coverage limits are $75 million per loss or expense/$75 million aggregate limit; and (ii) a Pollution and Remediation Legal Liability Policy covering the policy period March 26, 2001
through March 26, 2004. The first named insured is Richland Partners, LLC. Coverage limits are $5 million per loss/$10 million aggregate. The policy excludes, among other things, pollution conditions existing prior to March 26, 2001. It
does not cover the current on-going remediation. The Douglasville site is covered under this policy. 
 XL has recently taken a more
aggressive approach in hands-on management of the remedial activities at the various sites, most likely in the interest of gaining some form of closure with the State of Pennsylvania Department of Environmental Protection (PADEP). 

Several of these sites are still at a stage of further subsurface investigation and plume delineation. Therefore, conclusions on exact remediation
strategies and actions can be considered ‘speculative’ on certain sites. 
 In general, a majority of the remedial strategies will not
employ invasive, active procedures such as large-scale soil excavation or groundwater treatment systems. XL and their engineers have opted for on-going monitoring, natural attenuation and risk assessment-based fate and transport modeling to achieve
closure with PADEP. The key effect of this position taken by XL is that any closure achieved via the risk assessment route will usually result in some form of deed restriction attached to the property in question. These deed restrictions limit
future uses of the property and could affect salability. 

 York (York, PA) 
 The York site actually has three separate problem sub-areas within the whole site. Each sub-area was the result of a separate occurrence and thus, different entities bear the financial responsibility for
the remediation of each sub-area. Two sub areas (dike area, pump house) will most likely be remediated via passive means (bailing, absorbent socks) and closely monitored over time with an eventual risk assessment-based closure in the future. The
third site has recently been Closed meeting PADEP state-wide health standards with no deed restrictions required. No material interference with the ongoing operations of Petro is expected. 
 Conclusion: No active remediation seen at this time. Uniform Environmental Covenants Act requirements are likely for the (2) two remaining areas of the site. 

New Holland (New Holland, PA) 
 The New
Holland site was previously sub-divided and contamination issues still exist on both new properties. There was an existing dual-phase soil/water treatment system in use, but it has since been de-activated. Off-site well installation for further
delineation of the existing plume(s) has been completed, soil attainment studies have been completed. The current goal is to achieve closure via risk assessment-based fate and transport modeling. A RACR report has been completed but not filed with
PADEP until the three subdivided parties reach agreement on the UECA requirements. No material interference with the ongoing operations of Petro is expected. 
 Conclusion: Most likely continued monitoring and no active remediation. Uniform Environmental Covenants Act (UECA) requirements will be required related to well installation for ground water use.

 Lancaster (Lancaster, PA) 

The Lancaster site had an active test remediation system installed and run for three months in the fall of 2008. Results from this test program have been
completed and a final decision on the remedial approach at this site is pending. Additional vapor studies have also been completed in 2008 in support of the final remedial approach decision. Duration of the remedial operation is open-ended and will
depend on analytical results as conducted. No material interference with the ongoing operations of Petro is expected. 
 Conclusion:
Active remediation potential going forward, longer term (two years). A Uniform Environmental Covenant Act (UECA) requirement covering groundwater, soil, and vapor will most likely be required. 

 Richland (Richland, PA) 
 The Richland site also has two distinct sub-areas of concern. The first, a historical release due to vandalism, has been remediated partially via soil removal and continues forward on a periodic
monitoring program. Third party water and vapor studies have been successfully completed and a RACR is in final stages of review for PADEP submission/closure under PA Act 2 regulations. The second AOC has been closed under PA Act 2 by PADEP and has
resulted in deed notices for soil and vapor issues in a very small delineated area on the site. 
 Conclusion: No active remediation,
Uniform Environmental Covenant Act (UECA) requirements will be issued on one (1) AOC “vandalism” area for groundwater, soil, and vapor issues. No material interference with the ongoing operations of Petro is expected. 

Stewartstown (Stewartstown, PA) 
 The
Stewartstown site has groundwater contamination. There is a municipal supply well down gradient of the existing contaminant plume. Current data suggest that risk assessment-based fate and transport modeling will be successful in achieving closure
for all issues. A RACR has been submitted to PADEP for closure under PA ACT 2 regulations. Additional questions were received from PADEP to the RACR and current work to answer these issues is being completed. 

Conclusion: No active remediation, Uniform Environmental Covenant Act (UECA) requirements will be required at this site for potential groundwater,
soil, or vapor issues. 
 Meenan Oil Co., L.P. Remediations: 
 TULLYTOWN BULK PETROLEUM STORAGE FACILITY (TULLYTOWN, PA) 
 The Tullytown Bulk
Petroleum Storage Facility consists of bulk above-ground storage and delivery truck loading, barge dock, fleet and delivery services equipment garages and offices. The facility operates within all relevant regulatory compliance required by United
States’ Environmental Protection Agency (USEPA), United States Coast Guard (USCG), Pennsylvania Department of Environmental Protection (PADEP) and other federal, state and local governing bodies. Mock alert drills covering potential worst-case
release scenarios are conducted periodically in accordance with USEPA guidelines. Historical facility operations’ impact to soil and groundwater have been successfully assessed/characterized with site-wide PADEP regulatory release of liability
pending. Costs of $10,000 annually are anticipated. 

 UPPER DARBY PETROLEUM BULK STORAGE FACILITY (UPPER DARBY, PA - YOUNG SUPPLY) 

Strategically located small bulk plant and loading facility includes tank equipment service garages, parking and offices. The facility operates within all
relevant regulatory compliance required by USEPA, PADEP and other federal, state and local governing bodies. Mock alert drills covering potential worst-case release scenarios are conducted periodically in accordance with USEPA. A single well-defined
area of soil and groundwater concern is currently undergoing a PADEP approved voluntary remediation. This AOC area is progressing through PA ACT 2 closure with completion of vapor sampling and a written report was submitted in 2010. A UECA covenant
to groundwater will be required. Awaiting final 2011 approval of submitted reports. 
 Holiday City (Silverton, NJ - Redi-Flo)

 Holiday City at Silverton, New Jersey was developed as a planned adult (over 55) community with a gravity fed central fuel oil
distribution system owned and operated by Redi-Flo. Operational problems/releases prompted earlier owners to properly decommission the system circa 1984. Since then continuous ongoing assessment and remedial efforts have been largely successful in
mitigating earlier releases. Successful earlier remedial efforts, as approved by NJDEP, have given away to intermittent monitoring and remediation via natural attenuation of remnant impacts. Water issues have drawn to nearly a close, anticipation of
several of the least impacted soil areas has been under way with significant progress in two (2) areas toward final closure Costs of $100,000 for 2011 are anticipated. No impact to any of the residents in the residential community has ever been
reported 
 18.1. Meenan Clinton, NJ Facility 
 The soil remedial investigation (RI) conducted in the former gasoline tank and dispenser area revealed Benzene, Ethylbenzene, Toluene and Xylenes contamination in the surface and subsurface soils of the
vadose zone which in effect resulted in the contamination of the ground water at this area of the site. Soil remediation was conducted and completed. 
 A ground water remedial investigation of former heating oil UST closures has been on-going since 1997. Additional wells have been installed on-site. Recommended course of action: Quarterly monitoring and
periodic enhanced fluid recovery events have been ongoing. Costs of $20,000 for 2011 are anticipated as monitoring has allowed wells to be clear and the final request for closure report to be written by CARE Environmental in 2011. 

18.2. Meenan Chester, NJ (“Christy Halsey”) Facility 
 The soil remedial investigation (RI) conducted in the western containment area revealed Methyl-tert-Butyl Ether (MTBE) and t-butyl alcohol (TBA) contamination in the surface soils to depths of
3’-4’ bg. The soils were remediated in accessible areas. Further soil RI conducted in the eastern containment unit revealed similar findings. The ground water remedial investigation (5 monitor wells) shows MTBE and TBA contamination in
ground water at locations near the containment area and ~50’ down gradient (southeasterly). The monitor well near the southern property line ~110’ south of AOC is contaminant free. MTBE enters the property at an average level of 1095 ppb
which is expected to be the clean-up standard for the site in lieu of the NJDEP criteria of 70 ppb. The release is historical in nature. 

 Recommended course of action: An aggressive approach to ground water treatment was conducted to mitigate the
MTBE and TBA by Pump and Treatment and recirculation of ORC-advanced installed with trenching applications. All wells except one have shown marked improvement under the statewide standards. An ISOC treatment into well #MW-3 is planned to continue
initial ORC remedial work in this zone. Costs of $24,000 for 2011 are anticipated. CARE Environmental is completing the remedial work. 

Schedule 5.18(d) 
 CERCLA
Site 
 None 

 Schedule 5.21 Indebtedness 
 Star Gas Partners, L.P. and Star Gas Finance Company 
  

					
	 Senior Notes due December 2017
	  	$	125,000,000	  

 Schedule 5.22 Affiliate Transactions 
 None 

 Schedule 5.23 Real Property; Leases 
 Owned Real Estate 
  

											
	 Record Owners
	  	State	  	 Property Name
	  	 Address
	  	 City
	  	Zip
Code
						
	Ortep of Pennsylvania, Inc.	  	PA	  	Roy E. Miller	  	301 N. Forge Road	  	Palmyra	  	17078
	Petro Holdings, Inc.	  	CT	  	Whaleco/Colonial	  	12 Colonial Road	  	Canton	  	06019
	Petro Holdings, Inc.	  	RI	  	DeBlois E. Greenwich	  	2579 South Country Trail	  	E. Greenwich	  	02818
	Meenan Oil Co, LP	  	NY	  	Burke	  	26 Bayview Rd. nr. Roa Hook Road	  	Peekskill	  	10566
	Meenan Oil Co, Inc.	  	NJ	  	Meenan Oil Clinton	  	108 W. Main Street	  	Clinton	  	08809
	Meenan Oil Co, LP	  	NJ	  	Meenan Oil Chester	  	65 Maple Avenue	  	Chester	  	07930
	Meenan Oil Co, LP	  	NJ	  	Meenan Oil Franklin	  	460 Route 23	  	Franklin	  	07416
	Meenan Oil Co, LP	  	NJ	  	BudOil Co.	  	55 US Highway 46	  	Hackettstown	  	07840
	Meenan Oil Co, LP	  	NY	  	Wallace	  	10 Sands Station Road	  	Middletown	  	10940
	Meenan Oil Co, LP	  	PA	  	Kirk’s Fuel	  	1859 Route 212	  	Quakertown	  	18951
	Petro Holdings, Inc.	  	RI	  	Ryan	  	25 Stafford Street	  	Warwick	  	02886
	Meenan Oil Co, LP	  	NJ	  	Hamburg	  	State Route 23 at Oak Street	  	Hamburg	  	07419
	Petro Inc.	  	NY	  	Billings	  	Routes 55 & 82	  	Billings	  	12510
	Petro Holdings, Inc.	  	RI	  	River - Woonsocket	  	1182 River St.	  	Woonsocket	  	02895
	Marex Corp.	  	MD	  	Marex Corp.	  	8900 Citation Rd.	  	Baltimore	  	21221
	Meenan Oil Co, LP	  	NJ	  	Region Oil	  	15 Richboyton Road	  	Dover	  	07801
	Minnwhale LLC	  	NJ	  	Whaleco	  	800 State Road	  	Princeton	  	08540
	Petro Inc.	  	NY	  	Eastern Depot	  	30 Old Dock Road	  	Yaphank	  	11980
	Meenan Oil Co, LP	  	NY	  	Meenan Long Island	  	3020 Burns Avenue	  	Wantagh	  	11793
	Ortep of Pennsylvania, Inc.	  	PA	  	DJ Witman	  	4025 Pottsville Pike	  	Reading	  	19605
	Meenan Oil Co, Inc.	  	PA	  	Meenan Oil	  	113 Main Street	  	Tullytown	  	19007
	Meenan Oil Co, Inc.	  	PA	  	Young Supply	  	8301 Lansdowne Avenue	  	Upper Darby	  	19082
	Richland Partners, LLC	  	PA	  	Richland	  	62 N. Main Street	  	Stewartstown	  	17363
	Richland Partners, LLC	  	PA	  	Richland	  	1234 Cloverleaf Road	  	Mt Joy	  	17552
	Richland Partners, LLC	  	PA	  	Richland	  	669 E Ross Street	  	Lancaster	  	17602
	Richland Partners, LLC	  	PA	  	Richland	  	572 E. Main Street	  	New Holland	  	17557
	Richland Partners, LLC	  	PA	  	Richland	  	25 Hanover Street	  	York	  	17404
	Petro Holdings, Inc.	  	RI	  	Prov Energy Oil	  	141 Knight Street	  	Warwick	  	02886
	Petro Holdings, Inc.	  	RI	  	Prov Energy Oil	  	12 Stafford Street	  	Warwick	  	02886

											
	Petro Holdings, Inc.	  	RI	  	Prov Energy Oil	  	550 Fish Road	  	Tiverton	  	02878
	Petro Holdings, Inc.	  	RI	  	Prov Energy Oil	  	1191 River Street	  	Woonsocket	  	02895
	Hoffman Fuel Company of Bridgeport	  	CT	  	Bridgeport	  	195 E. Washington Street	  	Bridgeport	  	06611
	Hoffman Fuel Company of Danbury	  	CT	  	Danbury	  	170 White Street	  	Danbury	  	06810
	Hoffman Fuel Company of Danbury	  	CT	  	New Milford	  	519 Danbury Rd	  	New Milford	  	

 Leased Property 
  

									
	Location	  	Street	  	City / St / Zip	  	Landlord	  	Legal Entity
					
	New Milford	  	511 Danbury Road	  	New Milford CT 06776	  	Sycamore Trails Group LLC	  	Petro Inc.
	Connecticut	  	52, 55 & 71 Day Street	  	Norwalk CT 06854	  	Robert Schwartz	  	Petro Inc.
	New Haven	  	212 Elm St.	  	North Haven CT 06473	  	O’Leary-Vicunas No. Two, LLC	  	Petro Holdings, inc.
	Corporate	  	2187 Atlantic Street	  	Stamford CT 06902	  	Antares 2187 Atlantic Spe LLC	  	Petro Inc.
	Boston	  	295 Eastern Avenue	  	Chelsea MA 02150	  	Northeast Petroleum Div of Cargill, Inc.	  	Petroleum Heat & Power, Inc.
	Boston	  	51 Industrial Drive	  	Readville MA 02081	  	Antonio Musto & Joseph Musto	  	Petro Holdings, Inc.
	Kenvil	  	94 Dell Avenue	  	Kenvil NJ 07847	  	Sylway Properties	  	Minnwhale LLC
	Lakewood	  	99 River Avenue	  	Lakewood NJ 08701	  	Kaitlyn Industries, Inc	  	Minnwhale LLC
	Linden	  	11 Lincoln St.	  	Linden NJ 07036	  	Linden Associates VI	  	Minnwhale LLC
	Pennsauken	  	1701 Sherman Ave.	  	Pennsauken NJ 08110	  	Mid America	  	Minnwhale LLC
	South Plainfield	  	40 Cragwood Road	  	South Plainfield NJ 07080	  	Cragwood LLC	  	Minnwhale LLC
	Wantaugh-S&V Realty	  	16A Bayville Avenue	  	Bayville NY 11709	  	16 Bayville corp	  	Meenan Oil Co. LP
	Hudson River Petroleum-Burke	  	87 N. Main St	  	Brewster NY 10509	  	Richard E. Bouton	  	Meenan Oil Co. LP
	Desilva Ice & Fuel (Mt.Kisco)-Burke	  	343 N. Bedford Rd.	  	Brewster NY 10509	  	Manuel Monterio	  	Meenan Oil Co. LP

									
	Durkin	  	560 N. Main St.	  	Brewster NY 10509	  	Durkin water supply.	  	Meenan Oil Co. LP
	Brooklyn	  	1820 Cropsey Avenue	  	Brooklyn NY 11214	  	Sergio & Vincent Allegretti	  	Petro Inc.
	Floral Park	  	185 Magnolia Avenue	  	Floral Park NY 11001	  	Patterson Fuel Oil Company Inc	  	Petro Inc.
	Burke Realty Hawthorne	  	475 Commerce St.	  	Hawthorne NY 10532	  	George E. Burke	  	Meenan Oil Co. LP
	Hicksville	  	477 W. John St. and 5 Alpha Plaza	  	Hicksville NY 11801	  	Alpha John Associates	  	Petro Inc.
	Hicksville	  	51 Alpha Plaza	  	Hicksville NY 11801	  	Stelow Inc	  	Petro Inc.
	Highland	  	388 Upper North Road	  	Highland NY 12528	  	Tricia Holdings, Inc., LLC	  	Petro, Inc.
	Petro - East	  	125 West Meadow Road	  	King’s Park NY 11754	  	AHJ Associates	  	Petro Inc.
	Maspeth	  	55-60 58th Street	  	Maspeth NY 11378	  	Capitol Distributors Corp	  	Petro Inc.
	Hardy	  	13520 Main St.	  	Mattituck NY 11952	  	Joseph Hardy	  	Petro Inc.
	Melville	  	520 Broadhollow Road	  	Melville NY 11747	  	Reckson Austrailia Portfolio Clearing	  	Petro Inc.
	Carpenter & Smith	  	100 Spring St.	  	Monroe NY 10950	  	Herbert Schneider	  	Meenan Oil Co. LP
	Burke-Premium	  	2101 Post Road	  	Montrose NY 10548	  	John Griffin	  	Meenan Oil Co. LP
	Plainview	  	3 - 5 Fairchild Court	  	Plainview NY 11803	  	Commander Enterprises	  	Petro Inc.
	Plainview	  	1 Fairchild Court	  	Plainview NY 11803	  	Long Island Industrial MGT LLC	  	Petro Inc.
	Melville - Dispatch / IT	  	171 Ames Court	  	Plainview NY 11803	  	ESCO Management C/O JFI	  	Petro Inc.
	Effron-Norfe Realty (oil terminal)	  	144 and 154 Garden St.	  	Poughkeepsie NY 12601	  	Dawn Effron	  	Meenan Oil Co. LP
	Effron-Norfe Realty (office and garage)	  	144 and 154 Garden St.	  	Poughkeepsie NY 12601	  	Dawn Effron	  	Meenan Oil Co. LP
	Ryan	  	47 Patrick Lane	  	Poughkeepsie NY 12603	  	Patrick Page Commercial Properties, LLC	  	Meenan Oil Co. LP
	Ryan	  	35 Patrick Lane	  	Poughkeepsie NY 12603	  	John Page Development, LLC	  	Meenan Oil Co. LP

									
	Ryan	  	Parking Lane Parking Lot	  	Poughkeepsie NY 12603	  	Patrick Page Commercial Properties, LLC	  	Meenan Oil Co. LP
	Hardy	  	76 Mariner Drive (Northwestern)	  	Southampton NY 11968	  	P & J Associates	  	Petro Inc.
	Hardy	  	7 Greenfield & 1654 County Road 39	  	Southampton NY 11968	  	Joseph Hardy	  	Petro Inc.
	Hardy	  	76 Mariner Drive (Southwestern)	  	Southampton NY 11968	  	P & J Associates	  	Petro Inc.
	Southampton Termial	  	224 N. Main St.	  	Southampton NY 11968	  	224 North Main Street LLC	  	Petro Inc.
	Burke-Manuele Mngmt Group	  	9 Walnut Place	  	Thornwood NY 10594	  	Fariello Family, Trust	  	Meenan Oil Co. LP
	Burke -Verplank	  	126 Broadway	  	Verplank NY 10596	  	Regina Keefe Trustee	  	Meenan Oil Co. LP
	Bronx	  	1416 Williamsbridge	  	Bronx NY 10461	  	Ardee Plaza, LLC	  	Petro Inc.
	Leffler-Douglassville	  	21 Unionville Rd.	  	Douglassville PA 19518	  	NJB Partners LLC	  	Richland Partners, LLC
	Leffler-Douglassville	  	Additional space @ 21 Unionville Road	  	Douglassville PA 19518	  	NJB Partners LLC	  	Richland Partners, LLC
	Leffler-Lucknow	  	3300 Industrial Rd.	  	Harrisburg PA 17110	  	Eldorado Properties	  	Richland Partners, LLC
	Mt Joy-(office, garage, rollman bldg.	  	13-15 Mount Joy St. (see comment)	  	Mount Joy PA 17552	  	DH & PM Properties	  	Richland Partners, LLC
	Leffler-Richland	  	225 East Main St.	  	Richland Borough PA 17087	  	Premier R&G Properties	  	Richland Partners, LLC
	Pennysylvania	  	650 Knowles Ave	  	Southampton PA 18966	  	Douglas E. Woosnam	  	Ortep of Pennsylvania
	Allentown	  	6330 Farm Bureau Road	  	Upper Macungie PA 18106	  	Paul Weis	  	Ortep of Pennsylvania
	Woods	  	22 Almeida Ave	  	East Providence RI 02914	  	Benker Family LLC	  	Petro Holdongs, Inc.
	Providence	  	50 Houghton Street	  	Providence RI 02904	  	50 Houghton Associates, LP	  	Petroleum Heat & Power, Inc.
	Buckley	  	741 East Main Road	  	Middeltown RI 02842	  	Highlander Realty LLC	  	Petro Holdings, Inc.
	Buckley	  	1630-1632 Kingstown Rd	  	South Kingston RI 02879	  	Highlander Realty LLC	  	Petro Holdings, Inc.

									
	Arlington	  	6873 Lee Highway Arlington	  	Arlington VA 22213	  	R. Shreve LLC	  	A.P. Woodson Company
	Wallace	  	50 Industrial Place	  	Middletown NY 10940	  	Alta East inc.	  	Meenan Oil Co. LP
	Region	  	276 Main St.	  	Hackettstown NJ 07840	  	CK & S Buliding Dorothy kappers	  	Meenan Oil Co. LP
	Region	  	282 Main St.	  	Hackettstown NJ 07840	  	DE KAPPERS Dorothy kappers	  	Meenan Oil Co. LP
	Rye Fuel	  	225 Greenleaf Avenue	  	Portsmouth NH 03801	  	PPG Properties	  	Rye Fuel Company
	Lewis Oil Company	  	50 Roselle St.	  	Mineola NY 11501	  	Windsor Fuel Company Inc. Pension Trust	  	Lewis Oil company, Inc.
	C. Hoffberger Company	  	1400 Ceddox Street	  	Baltimore MD 21226	  	E. Stewart Mitchell	  	C. Hoffberger Company
	C. Hoffberger Company	  	33 Hudson Street	  	Annapolis MD 21401	  	Petroleum Marketing Group, Inc.	  	C. Hoffberger Company
	Lewis Oil Company	  	175 Sunnyside Holding Corp.	  	Plainview NY 11803	  	175 Sunnyside Blvd., Inc.	  	Lewis Oil company, Inc.
	Lewis Oil Company	  	274-C Montauk Hwy	  	Hampton Bays NY 11946	  	RCF Properties Corp.	  	Lewis Oil company, Inc.
	Hoffman Fuel Company	  	56 Quarry Rodad	  	Trumbull CT 06611	  	Robert D. Scinto	  	Hoffman Fuel Company of Danbury
	Champion Energy Company	  	1 Radisson Plaza	  	New Rochelle NY 10801	  	New Rochelle Hotel Associates	  	Champion Energy Company
	J.J. Skelton Company	  	5125 Simpson Ferry Rd	  	Mechanicsburg PA 17050	  	Gulf Oil Limited Partnership	  	J.J. Skelton Company
	Tanner (Leffler)	  	1120 Mount Rock Rd	  	Shippensburg PA 17257	  	Rohr Family Limited Partnership	  	Richland Partners, LLC
	Tanner (Leffler)	  	1120 Mount Rock Rd	  	Shippensburg PA 17257	  	Rohr Family Limited Partnership	  	Richland Partners, LLC
	Ways Heating and Cooling	  	1395 River Road	  	Titusville NJ 08500	  	Randy Downs and Robert O’Rourke	  	Minwhale LLC
	Leffler	  	1234 Cloverleaf Road	  	Mount Joy PA 17552	  	Bridgestone Americas Tire Operations, LLC	  	Richland Partners, LLC
	J.J. Skelton Company	  	40 W, Manoa Rd	  	Havertown, PA 19083	  	Boyle Energy	  	J.J. Skelton Company

 Schedule 5.24 Intellectual Property Rights 

 

													
	 MARK
	 	 REG. NO.
	 	 REG. DATE
	 	 GOODS
	 	 OWNER
	 	 NEXT ACTION DUE
	 	 NOTES

							
	COOLGUARD	 	2,503,081	 	 October 30,

2001
	 	International Class 36 - Warranty contracts in the field of residential central air conditioning systems.	 	Petroleum Heat and Power Co., Inc.	 	 Renewal due October 30, 2011
  

Renewal filed on 5/10/2011
  
 Awaiting acceptance from USPTO.
	 	Active Registration.
							
	OIL DIRECT GET THAT WARM FEELING FOR LESS	 	2,538,481	 	February 12, 2002	 	International Class 39 – Delivery of residential home heating oil by truck.	 	Petroleum Heat and Power Co., Inc.	 	Renewal due February 12, 2012	 	 Active Registration. To be revisited in 2012.

							
	

	 	2,363,100	 	June 27, 2000	 	International Class 39 – Delivery of residential home heating oil by truck.	 	Petroleum Holdings, Inc.	 	Renewal due June 27, 2010	 	Cancelled: January 28, 2011
							
	PETRO 2000	 	2,300,478	 	December 14, 1999	 	International Class 4 - Diesel fuel sold with pre-mixed additives.	 	Petroleum Heat and Power Co., Inc.	 	Renewal Due December 14, 2019	 	Active Registration.

													
	 MARK
	 	 REG. NO.
	 	 REG. DATE
	 	 GOODS
	 	 OWNER
	 	 NEXT ACTION DUE
	 	 NOTES

							
	

	 	2,449,407	 	May 8, 2001	 	 International Class 37 - Clean-up services for accidental releases of fuel oil from above-ground and underground fuel oil heating
systems, provided to others through a service plan.
  
 International Class 42
- Inspection services for others in the field of above-ground and underground fuel oil heating systems, provided through a service plan.
	 	Petroleum Heat and Power Co., Inc.	 	Renewal due May 8, 2021	 	Active Registration.
							
	DEBLOIS	 	2,892,718	 	October 12, 2004	 	 International Class 4 – Fuel oil for heating purposes.

 
 International Class 35 – Fuel oil distribution services.

 
 International Class 37 – Installation, repair and maintenance of fuel oil
equipment
	 	Petro Holdings, Inc.	 	Renewal due 10/12/2014	 	Active Registration. To be revisited in 2014.
							
	

	 	2,171,734	 	July 7, 1998	 	 International Class 4 – Fuel oil.
  

International Class 37 - Oil burner and boiler regulation and repair services.

 
 International Class 39 - Delivery of heating oil by truck.
	 	Petroleum Heat and Power Co., Inc.	 	Renewal due July 7, 2018	 	Active Registration.
							
	

	 	538,181	 	 February 20,

1951
	 	International Class 4 – Fuel oils for heating purposes.	 	Petroleum Heat and Power Co., Inc.	 	Renewal due February 20, 2021	 	Active Registration.

													
	 MARK
	 	 REG. NO.
	 	 REG. DATE
	 	 GOODS
	 	 OWNER
	 	 NEXT ACTION DUE
	 	 NOTES

							
	 PETRO and Design (House and Hand)
  

 

	 	3,514,854	 	October 14, 2008	 	International Class 37 – HVAC contracting services, namely, installation, maintenance and repair of HVAC Systems; plumbing services, namely installation, maintenance and
repair	 	Petroleum Heat and Power Co., Inc.	 	Sections 8 & 15 due between October 14, 2013 and October 14, 2014	 	Active Registration. To be revisited in 2013.
							
	 House and Hand Design
  

 

	 	77/215,448	 	June 26, 2007	 	International Class 37 – HVAC contracting services, namely, installation, maintenance and repair of HVAC Systems; plumbing services, namely installation, maintenance and
repair	 	Petroleum Heat and Power Co., Inc.	 	Notice of Abandonment: 10/27/2008	 	As anticipated, rec’d Office Action challenging generic aspect of mark. Discussed with J. McDonald and no use can be shown beyond use with the word PETRO so will allow mark to
be abandoned.
							
	 PETRO and Design (House and Hand)
  

 

	 	77/214,886	 	June 25, 2007	 	International Class 37 – Installation, maintenance and repair of security alarm systems for police, fire and medical emergencies for residential and commercial use.	 	Petroleum Heat and Power Co., Inc.	 	Notice of Abandonment: 6/1/2009	 	

													
	 MARK
	 	 REG. NO.
	 	 REG. DATE
	 	 GOODS
	 	 OWNER
	 	 NEXT ACTION DUE
	 	 NOTES

							
	 House and Hand Design
  

 

	 	77/215,005	 	June 25, 2007	 	International Class 37 – Installation, maintenance and repair of security alarm systems for police, fire and medical emergencies for residential and commercial use.	 	Petroleum Heat and Power Co., Inc.	 	Notice of Abandonment: 10/27/2008	 	Received notice of allowance and statement of use coming due shortly but discussed with J. McDonald and no use can be shown beyond use with the word PETRO so will allow mark to be
abandoned.
							
	PETRO PROTECTION SERVICES	 	77/214,244	 	June 25, 2007	 	International Class 37 – Installation, maintenance and repair of security alarm systems for police, fire and medical emergencies for residential and commercial use.	 	Petroleum Heat and Power Co., Inc.	 	Notice of Abandonment: 6/1/2009	 	
							
	PETRO SECURITY SERVICES	 	77/214,260	 	June 25, 2007	 	International Class 37 – Installation, maintenance and repair of security alarm systems for police, fire and medical emergencies for residential and commercial use.	 	Petroleum Heat and Power Co., Inc.	 	Notice of Abandonment: 6/1/2009	 	
							
	PETRO (Word Mark)	 	85/248,316	 	February 22, 2011	 	 IC4 - Fuel oils.
  

IC37 – HVAC contracting services, namely, installation, maintenance and repair of HVAC systems; plumbing services, namely installation, maintenance
and repair.
  
 IC39 – Delivery of heating oil by truck.
	 	Petroleum Heat & Power Co.	 	Newly filed application. Awaiting review from Examining Attorney.	 	Pending

													
	 MARK
	 	 REG. NO.
	 	 REG. DATE
	 	 GOODS
	 	 OWNER
	 	 NEXT ACTION DUE
	 	 NOTES

							
	

	 	2,100,059	 	September 23, 1997	 	International Class 37 – Installation, maintenance and repair of security alarm systems for residential and commercial use.	 	Meenan Oil Co., L.P.	 	Renewal Due: September 23, 2017	 	Active Registration.
							
	WARMTH IS WHAT WE’RE ALL ABOUT	 	1,720,717	 	September 29, 1992	 	 International Class 37 – Installation, repair and maintenance of heating equipment.

 
 International 42 – Heating oil distributorship services.
	 	Meenan Oil Co., L.P.	 	Renewal Due: September 29, 2012	 	Active Registration. To be revisited in 2012.
							
	
 

  
 MEENAN WARMTH IS WHAT WE’RE ALL
ABOUT
	 	1,572,413	 	December 19, 1989	 	 International Class 37 – Installation, repair and maintenance of heating equipment.

 
 International 42 – Heating oil distributorship services.
	 	Meenan Oil Co., L.P.	 	Renewal Due: December 19, 2019	 	Active Registration.
							
	TRU GAS	 	2,932,543	 	March 15, 2005	 	International Class 4 – Liquid propane gas for use with gas appliances.	 	Inergy Propane, LLC	 	Renewal Due: March 15, 2015	 	 Active Registration. We do not Maintain.
  

Per instruction of J. McDonald, this mark is not maintained by Star Gas; it belongs to Inergy. Therefore, nothing is to be done for this
mark.

													
	 MARK
	 	 REG. NO.
	 	 REG. DATE
	 	 GOODS
	 	 OWNER
	 	 NEXT ACTION DUE
	 	 NOTES

							
	STAR GAS	 	2,896,721	 	October 26, 2004	 	 International Class 4 – Liquid propane gas for use with gas appliances.

 
 International Class 35 – Retail and wholesale distributorship of propane
gas.
	 	Inergy Propane, LLC	 	Sections 8 & 15 due between October 26, 2009 and October 26, 2010.	 	 Active Registration.
  

Per instruction of J. McDonald, this mark should be in Star Gas’s name. Need to change ownership in connection with next due date. Star Gas maintains
this mark.
  
 Conference with J. McDonald, Rich and Rich on 9/28/2010, allow
registration to become abandoned.

							
	

	 	2,778,808	 	November 4, 2003	 	International Class 4 – Liquid petroleum gas.	 	Star Gas Corporation	 	Sections 8 & 15 due between November 4, 2008 and November 4, 2009.	 	 Cancelled Under Section 8: 6/12/2010
  

Per instruction of J. McDonald, this mark is not maintained by Star Gas; it belongs to Inergy. Therefore, nothing is to be done for this
mark.

													
	 MARK
	 	 REG. NO.
	 	 REG. DATE
	 	 GOODS
	 	 OWNER
	 	 NEXT ACTION DUE
	 	 NOTES

							
	

	 	1,769,632	 	May 11, 1993	 	International Class 4 – Liquid propane gas for use with gas appliances.	 	Inergy Propane, LLC	 	Renewal Due: May 11, 2013	 	 Active Registration. To be revisited in 2013.
  

Per instruction of J. McDonald, this mark should be in Star Gas’s name. Need to change ownership in connection with next due date. Star Gas maintains
this mark.
  
 Conference with J. McDonald, Rich and Rich on 9/28/2010, we
will revisit in May, 2012 re use of the mark and clean up of title.

							
	PATRIOT PROPANE	 	3,394,777	 	3/11/2008	 	 International Class 37 – Servicing equipment that utilizes propane.

 
 International Class 39 – Delivery of propane by truck.
	 	Richland Partners, LLC	 	Sections 8 & 15 due between March 11, 2013 and March 11, 2014	 	Active Registration.
							
	LEFFLER ENERGY	 	2,858,853	 	June 29, 2004	 	 International Class 35 – Wholesale distributorships and retail services featuring oil, gasoline and other petroleum
products
  
 International Class – 37 Maintenance and repair of equipment
utilizing oil, gasoline and other petroleum products, namely furnaces, boilers, hot water heaters and like equipment.
	 	Richland Partners, LLC	 	Renewal Due: June 29, 2014	 	Active Registration. To be revisited in 2014.

													
	 MARK
	 	 REG. NO.
	 	 REG. DATE
	 	 GOODS
	 	 OWNER
	 	 NEXT ACTION DUE
	 	 NOTES

							
	STAR GAS	 	2,905,698	 	November 30, 2004	 	International Class 37 – Installation, repair and maintenance of liquid propane gas equipment.	 	Stellar Propane Service, LLC	 	Sections 8 & 15 due between November 30, 2009 and November 30, 2010	 	 Active Registration.
  

Per instruction of J. McDonald, this mark should be in Star Gas’s name. Need to change ownership in connection with next due date. Star Gas maintains
this mark.
  
 Conference with J. McDonald, Rich and Rich on 9/28/2010, allow
registration to become abandoned.

							
	SURE START	 	3,421,803	 	May 6, 2008	 	International Class 37 – Maintenance and repair of heating and air conditioning equipment	 	Star Gas Partners, L.P.	 	Sections 8 & 15 due between May 6, 2013 and May 6, 2014	 	Active Registration.
							
	LEFFLER Logo Design	 	77/215,690	 	6/26/2007	 	International Class – 27 HVAC contracting services, namely, installation, maintenance and repair of heating, ventilation and cooling systems, plumbing services, namely
installation, maintenance and repair	 	Star Gas Corporation	 	Notice of Abandonment: 5/14/2008	 	Office Action received citing almost identical mark. Conference with J. McDonald – further prosecution of mark ceased and application will be allowed to lapse.
							
	LEFFLER ENERGY (Word mark)	 	77/215,503	 	6/26/2007	 	International Class – 27 HVAC contracting services, namely, installation, maintenance and repair of heating, ventilation and cooling systems, plumbing services, namely
installation, maintenance and repair	 	Star Gas Corporation	 	Notice of Abandonment: 2/13/2009	 	Decision was made to abandon this mark and file new application in correct owner’s name.

													
	 MARK
	 	 REG. NO.
	 	 REG. DATE
	 	 GOODS
	 	 OWNER
	 	 NEXT ACTION DUE
	 	 NOTES

							
	LEFFLER ENERGY (Word mark)	 	3,678,856	 	September 8, 2009	 	International Class – 27 HVAC contracting services, namely, installation, maintenance and repair of heating, ventilation and cooling systems, plumbing services, namely
installation, maintenance and repair	 	Richland Partners, LLC	 	Sections 8 & 15 due between September 8, 2014 and September 8, 2015	 	Active Registration.
							
	FOUR POINTS	 	3,851,247	 	September 21, 2010	 	 International Class 37 - Installation, maintenance and repair of heating equipment

 
 International Class 39 – Delivery of heating oil.
	 	Petroleum Heat & Power Co., Inc.	 	Sections 8 & 15 due between September 21, 2015 and September 21, 2016	 	Active Registration.
							
	FOUR POINTS and Design	 	3,846,285	 	September 7, 2010	 	 International Class 37 - Installation, maintenance and repair of heating equipment

 
 International Class 39 – Delivery of heating oil.
	 	Petroleum Heat & Power Co., Inc.	 	Sections 8 & 15 due between September 7, 2015 and September 7, 2016	 	Active Registration

 The following trademarks are protected
under common law rights. There are no federal registrations issued or pending with the United States Patent and Trademark Office at this time. 
  

					
	HALLER STOWE	 	LEWIS AIR CONDITIONING	 	
	SHELLY FUEL	 	CHAMPION ENERGY AIR CONDITIONING	 	
	MAHOPAC FUEL	 	F & R FUEL	 	
	HOFFMAN AIR CONDITIONING	 	RCF FUEL	 	
	CHICKOS OIL	 	A & S FUEL	 	
	BELLMORE FUEL	 	HANCOCK OIL	 	
	KURZ OIL	 	FUEL EXPRESS	 	
	MARINE PARK	 	GOODWIN OIL	 	
	STERLING – COASTAL FUEL	 	NORTHERN COMFORT	 	
	VICO	 	FUELMAN	 	

 Schedule 5.25 Insurance 

 
  

																			
	 Named Insured
	  	 Coverage
	  	Limit of
Liability	 	  	Term	 	  	 Company/
Policy Number
	  	Annual
Premium	 	  	 Notes

	1. Petro Holdings, Inc.	  	General Liability	  				  				  		  				  	
		  		  				  	 	10/1/10-11	  	  	Commerce and Industry	  	$	121,183	  	  	Covers all states of operations
		  		  				  				  	360-25-05	  				  	
							
		  	 BI & PD each occurrence
	  	$	1,000,000	  	  				  		  				  	Terrorism charge incl. In premium
							
		  	 Personal Injury
	  	$	1,000,000	  	  				  		  				  	
							
		  	 Products/Comp. Ops. Aggregate
	  	$	2,000,000	  	  				  		  				  	 Pollution included for liability arising from installation, service activity and misdelivery

		  	  
 General Aggregate
	  	  
 $
	  
 5,000,000
	  
   
	  				  		  				  
							
		  	 Fire Legal Liability
	  	$	100,000	  	  				  		  				  	
							
		  	 Medical Expense
	  	$	5,000	  	  				  		  				  	Premium represents excess of SIR
		  	  
 Employee Benefit Liability
	  				  				  		  				  	and does not include loss fund payments.
		  	  
 per occurrence
	  	  
 $
	  
 1,000,000
	  
   
	  				  		  				  	
		  	 aggregate
	  	$	1,000,000	  	  				  		  				  	
							
		  	 Self Insured Retention
	  	$	1,000,000	  	  				  		  				  	

																			
							
	 2. Petro Holdings, Inc.
	  	Automobile	  				  				  		  				  	
		  	 Liability (Combined Single Limit)
	  	$	2,000,000	  	  	 	10/1/10-11	  	  	Commerce and Industry	  	$	288,788	  	  	Premium -All States except MA
		  	 Personal Injury Protection
	  	 	Statutory	  	  				  	CA 720-46-98	  				  	Surcharges/Fees
		  	 Med. Pay. (Private Pass. Only)
	  	$	5,000	  	  				  		  				  	
		  	 Uninsured Motorist - All Vehs.
	  	 
 	Statutory
Min.	  
  	  				  		  				  	 Terrorism charge incl. In premium 

							
		  	 Deductible
	  	$	1,000,000	  	  				  		  				  	 Premium represents excess of deductible and does not include loss fund payments.

							
		  		  				  				  		  				  	 Pollution covered which arises from the load, unload and transport of product

							
		  	 Liability (Combined Single Limit)
	  	$	2,000,000	  	  	 	10/1/10-11	  	  	 Commerce and Industry
	  	$	14,695	  	  	Premium - Covers Commonwealth of MA
		  	 Personal Injury Protection
	  	 	Statutory	  	  				  	 CA 720-46-97
	  				  	
		  	 Med. Pay. (Private Pass. Only)
  

Uninsured Motorist - All Vehs.
	  	$  

 
 
	5,000  
 Statutory
Min.
	    
   
  
	  				  		  				  	 Premium represents excess of deductible and does not include loss fund payments.

							
		  	 Deductible
	  	$	1,000,000	  	  				  		  				  	 Pollution covered which arises from the load, unload and transport of product

							
		  		  				  				  		  				  	Same as the above auto policy except this policy only applies in MA

																	
	3. Petro Holdings, Inc.	  	Workers’ Compensation Policy	  	  		  		  				  	
		  		  				  	10/1/10-11	  	New Hampshire Ins Co	  	$	1,624,042	  	  	Provides excess Workers Compensation for your employer obligation in all states of operations
		  		  				  		  	720-83-99	  	 	AOS	  	  
							
		  	 Coverage A
	  	 	Statutory	  	  		  	258-89-049	  	 	MA Only	  	  	Covers all states of operations
							
		  	 Coverage B - Employer Liab.
	  				  		  		  				  	Premium Includes NY Assessment
							
		  	 Each Accident
	  	$	1,000,000	  	  		  		  				  	Provides benefits in the states of:
							
		  	 Policy Limit
	  	$	1,000,000	  	  		  		  				  	CT, MA, MD, NY, NJ, NH, PA, RI, VA
							
		  	 Each Employee
	  	$	1,000,000	  	  		  		  				  	*Includes the New York Assessment
							
		  	Deductible:	  	$	1,000,000	  	  		  		  				  	Terrorism charge incl. In premium terrorism in all states except NJ .06; claim handling also included in premium.
							
		  		  				  		  		  				  	Note: Premium does not include loss fund payments.
							
		  		  				  		  		  				  	**Taxes & Assessments - all except NY
							
	4. Grand Plumbing	  	General Liability	  				  		  		  				  	
							
		  	 General Aggregate
	  	$	2,000,000	  	  	10/1/10-11	  	Commerce and Industry	  	$	1,000	  	  	Covers all states of operations
							
		  	 Products/Comp. Ops. Aggregate
	  	$	1,000,000	  	  		  	360-25-06	  				  	
							
		  	 Personal Injury
	  	$	1,000,000	  	  		  		  				  	Terrorism charge incl. In premium
							
		  	 BI & PD each occurrence
	  	$	1,000,000	  	  		  		  				  	
							
		  	 Fire Legal Liability
	  	$	100,000	  	  		  		  				  	
							
		  	 Medical Expense
	  	$	5,000	  	  		  		  				  	

																	
	5. Grand Plumbing	  	Workers’ Compensation Policy	  	  		  		  				  	
							
		  	 Coverage A
	  	 	Statutory	  	  	10/1/10-11	  	Commerce and Industry	  	$	886	  	  	Covers NY
		  	 Coverage B - Employer Liab.
	  				  		  	720-84-00	  				  	
							
		  	 Each Accident
	  	$	500,000	  	  		  		  				  	
		  	 Policy Limit
	  	$	500,000	  	  		  		  				  	
		  	 Each Employee
	  	$	500,000	  	  		  		  				  	
						
	6. Micko Plumbing and Heating, Inc	  	Workers’ Compensation Policy	  	  		  		  				  	
		  	 Coverage A
	  	 	Statutory	  	  	10/1/10-11	  	Commerce and Industry	  	$	895	  	  	Covers NY
		  	 Coverage B - Employer Liab.
	  				  		  	720-89-22	  				  	
							
		  	 Each Accident
	  	$	500,000	  	  		  		  				  	
		  	 Policy Limit
	  	$	500,000	  	  		  		  				  	
		  	 Each Employee
	  	$	500,000	  	  		  		  				  	
							
	7. Richland Partners LLC	  	General Liability	  				  		  		  				  	
							
		  	 General Aggregate
	  	$	2,000,000	  	  	6/4/10-11	  	Federated Mutual Ins Co	  	$	59,730	  	  	
		  	 Products/Comp. Ops. Aggregate
	  	$	2,000,000	  	  		  	9269398	  				  	
		  	 Personal Injury
	  	$	1,000,000	  	  		  		  				  	
							
		  	 BI & PD each occurrence
	  	$	1,000,000	  	  		  		  				  	
		  	 Damage to Premises rented to you
	  	$	100,000	  	  		  		  				  	

																	
							
		  	Workers’ Compensation Policy	  				  		  		  				  	
							
		  	 Coverage A
	  	 	Statutory	  	  	6/4/10-11	  	Federated Mutual Ins Co	  	$	240,037	  	  	
		  	 Coverage B - Employer Liab.
	  				  		  	9269399	  				  	
							
		  	 Each Accident
	  	$	500,000	  	  		  		  				  	
		  	 Policy Limit
	  	$	500,000	  	  		  		  				  	
		  	 Each Employee
	  	$	500,000	  	  		  		  				  	
							
		  	Automobile	  				  		  		  				  	
		  		  				  	6/4/10-11	  	Federated Mutual Ins Co	  	$	93,041	  	  	
		  	Liability (Combined Single Limit)	  	$	1,000,000	  	  		  	9269398	  				  	
						
		  	Commercial Crime	  	  		  		  				  	
		  	 Theft of Money and Securities
	  	$	50,000	  	  	6/4/10-11	  	Federated Mutual Ins Co	  	$	1,602	  	  	
		  	 Employee Theft
	  	$	20,000	  	  		  		  				  	
		  	 Forgery or Alteration
	  	$	20,000	  	  		  		  				  	
						
		  	Commercial Inland Marine	  	  		  		  				  	
		  	 Business Computer Equipment-Loc 1
	  	$	300,000	  	  	6/4/10-11	  	Federated Mutual Ins Co	  	$	2,473	  	  	
		  	 Business Computer Equipment-Loc 2-11
	  	$	10,000	  	  		  		  				  	
							
		  	Commercial Property	  				  		  		  				  	
		  	 Building Limit
	  	 
 	Limit by
location	  
  	  	6/4/10-11	  	Federated Mutual Ins Co	  	$	41,205	  	  	
		  	 Petroleum Location Limit
	  	 
 	Limit by
location	  
  	  		  		  				  	
						
		  	Surcharges for above policies	  	  		  		  	$	6,762	  	  	
							
		  	Pollution Legal Liability	  	$	5,000,000	  	  	3/26/10-13	  	Chartis Specialty Insurance Company	  				  	

																	
							
	 Cov B
	  	 On-Site Clean-up of
	  				  		  	PLS 2292148	  				  	9 locations in PA
		  	 NEW Conditions
	  				  		  		  				  	31 Undergournd Storage Tanks
							
	 Cov C
	  	 Third Party Claims for On-site
 Bodily Injury & Property Damage
 NEW Conditions only
	  				  		  		  				  	
							
	 Cov E
	  	 Third Party Claims for Off-Site
 Clean-up resulting from
 NEW Conditions
	  				  		  		  				  	
							
	 Cov F
	  	 Third Party Claims for Off-Site
 Bodily injury & Property Damage
 NEW Conditions only
	  				  		  		  				  	
							
	 Cov G
	  	 Third Party Claims for On-Site
 Bodily Injury, Property Damage
 & Clean-up - Non Owned Sites

NEW Conditions only
	  				  		  		  				  	
							
	 Cov H
	  	 Third Party Claims for Off-Site
 Bodily Injury, Property Damage
 & Clean-up - Non Owned Sites

NEW Conditions only
	  				  		  		  				  	Retention: $100,000
							
	 Cov I
	  	 Pollution Conditions Resulting
 from Transported Cargo
 NEW Conditions only
	  				  		  		  				  	

																	
	8. Star Gas Partners, L.P. et al	  	Umbrella/Excess Policies- Total $125,000,000 Limit	   	  		  		  				  	All policies include terrorism
		  	 Lead Umbrella Layer
	  	$  

 
 
 
	5,000,000  
 per
occurrence/
aggregate
	    
   
 
  
	  	10/1/10-11	  	 Lexington
  

(AIG)
	  	$	540,000	  	  	Primary or lead layer of excess liability over the underlying policies.
		  		  				  		  	21430599	  				  	
							
		  		  				  		  		  				  	Excess applies to Petro, Meenan and Leffler operations.
							
		  	 1st Excess Layer (1 of 5)
	  	$	20,000,000	  	  	10/1/10-11	  	American Guarantee	  	$	349,000	  	  	
							
		  		  				  		  	 (Zurich)
 AEC 4275380 06
	  				  	Next excess layer
							
		  	 2nd Excess Layer (2 of 5)
	  	$	25,000,000	  	  	10/1/10-11	  	 Crum and Forster
 552-014818-2
	  	$	180,780	  	  	Next excess layer
							
		  	 3rd Excess Layer (3 of 5)
	  	$	25,000,000	  	  	10/1/10-11	  	 Great American
 EXC 2098366
	  	$	60,000	  	  	Next excess layer
							
		  	 4th Excess Layer (4 of 5)
	  	$	25,000,000	  	  	10/1/10-11	  	 Allied World Assurance
 0305-9785
	  	$	55,000	  	  	Next excess layer
							
		  	 5th Excess Layer (5 of 5)
	  	$	25,000,000	  	  	10/1/10-11	  	 Fireman’s Fund
 SHX 00014628663
	  	$	51,000	  	  	Next excess layer

																	
	9. Star Gas Partners, L.P. et al	  	Directors’ & Officers’ Liability - RUNOFF POLICIES- Total $40,000,000 Limit / $10,000,000 Side A Only	   	  	
		  	 Star Gas Partners, L.P. et al
	  				  		  		  				  	
		  	 Agreement A & B - Aggregate
	  	$	10,000,000	  	  	3/26/05-4/28/12	  	National Union Fire	  	$	950,000	  	  	Runoff lead policy for prior corporate entity
		  		  				  		  	Insurance Company	  				  	
		  		  				  		  	004907965	  				  	
		  		  				  		  		  				  	Basic Coverage
		  		  				  		  		  				  	Partnership liability
		  		  				  		  		  				  	Corporate Retention: $1,000,000
		  		  				  		  		  				  	 Entity coverage included for securities claims

		  	Directors’ & Officers’ Excess	  				  		  		  				  	 Excess runoff policy for prior corporate entity.

		  	 Star Gas Partners, L.P. et al
	  	$	10,000,000	  	  	3/26/05-4/28/12	  	XL Specialty Ins. Co.	  	$	750,000	  	  
		  		  				  		  	ELU088401-05	  				  	
		  	Directors’ & Officers’ Excess	  				  		  		  				  	 Excess runoff policy for prior corporate entity.

		  	 Star Gas Partners, L.P. et al
	  	$	10,000,000	  	  	3/26/05-4/28/12	  	US Specialty Ins. Co.	  	$	6,000,000	  	  
		  		  				  		  	14MGU-05A10111	  				  	
		  	Directors’ & Officers’ Excess	  				  		  		  				  	 Excess runoff policy for prior corporate entity.

		  	 Star Gas Partners, L.P. et al
	  	$	10,000,000	  	  	3/26/05-4/28/12	  	Navigators Insurance Co.	  	$	400,000	  	  
		  		  				  		  	NY08DOL13705NV	  				  
		  	Directors’ & Officers’ Side A	  				  		  		  				  	
		  	 Star Gas Partners, L.P. et al
	  	$	10,000,000	  	  	4/28/06-12	  	XL Specialty Ins. Co.	  	$	150,000	  	  	Side A runoff
		  		  				  		  	ELU090424-05	  				  	

																	
			
	10. Star Gas Partners, L.P. et al	  	Directors’ & Officers’ Liability- ANNUAL OPERATIONAL POLICIES- Total $50,000,000 Limit	   	  	
		  	Directors’ & Officers’ Liability	  				  		  		  				  	
		  	 Star Gas Partners, L.P. et al
	  				  		  		  				  	
		  	 Agreement A & B- Aggregate
	  	$	10,000,000	  	  	4/28/11-12	  	Zurich American	  	$	115,000	  	  	Lead policy for current corporate entity
							
		  		  				  		  	Insurance Company	  				  	Basic Coverage
							
		  		  				  		  	9385275-03	  				  	Partnership liability
							
		  		  				  		  		  				  	Corporate Retention: $250,000
							
		  		  				  		  		  				  	 Entity coverage included for securities claims

							
		  	Directors’ & Officers’ Excess	  				  		  		  				  	
		  	 Star Gas Partners, L.P. et al
	  	$	10,000,000	  	  	4/28/11-12	  	 Illinois National
  

Insurance Company
  

01-770-30-62
  
	  	$	92,000	  	  	Excess policy for current corporate entity
							
		  	 Directors’ & Officers’ Excess

 
 Star Gas Partners, L.P. et al
	  	$	10,000,000	  	  	4/28/11-12	  	 US Specialty Ins. Co.
  

14-MGU-11A23697
	  	$	64,400	  	  	Excess policy for current corporate entity
							
		  	 Directors’ & Officers’ Excess

 
 Star Gas Partners, L.P. et al
	  	$	10,000,000	  	  	4/28/11-12	  	 Navigators Insurance Co.
  

NY11DOL137058NV
	  	$	46,080	  	  	Excess policy for current corporate entity
							
		  	Directors’ & Officers’ Liability	  	$	10,000,000	  	  	4/28/11-12	  	XL Specialty Ins. Co.	  	$	53,000	  	  	Side A Coverage with DIC features
							
		  	 Star Gas Partners, L.P. et al
	  				  		  	ELU121082-11	  				  	

																	
	11. Star Gas Partners, L.P.	  	Pollution Legal Liability	  	  		  		  				  	
							
		  		  	$	25,000,000	  	  	11/29/01-11	  	American Int’l Specialty	  	$	507,692	  	  	Purchased as part of Meenan acquisition
							
		  	 Cov A - On-Site Clean-up of Pre-Existing UNKNOWN Conditions
	  				  		  	 (AIG)
  

PLS8087907
	  	 
 	10 Year
Premium	  
  	  	At the time of Meenan acquisition, there was a known spill site.
							
		  	 Cov B - Third Party Claims for On-site Property Damage - Pre-Existing UNKNOWN Conditions
	  				  		  		  				  	On-site Natural Resource Damage due to spill is excluded.
							
		  	 Cov C - Third Party Claims for On-sSite Bodily Injury from Pre-Existing UNKNOWN Conditions
	  				  		  		  				  	
							
		  	 Cov D - Third Party Claims for Off-site Clean-up resulting from Pre-Existing UNKNOWN Conditions
	  				  		  		  				  	
							
		  	 Cov E - Third Party Claims for Off-Site Property Damage from Pre-Existing UNKNOWN Conditions
	  				  		  		  				  	There is limited off-site BI/PD coverage due to the spill.

																	
		  	 Cov F - Third Party Claims for Off-Site Bodily injury from Pre-Existing UNKNOWN Conditions
	  				  		  		  				  	 Off-site Natural Resource Damage due to spill is restricted.

 
 Retention: $1Million/ $5 Million / $50,000 maintenance

						
	12. Star Gas Partners, L.P. ET AL	  	Pollution Legal Liability	  	  		  		  				  	
		  		  	$	10,000,000	  	  	6/30/010-6/30/13	  	 Chartis Specialty
 Insurance Company
	  	$	477,120	  	  	
		  		  				  		  		  	 
 	3 Year
Premium	  
  	  	33 locations in RI, CT, MD, NY, NJ, PA, VA
		  		  				  		  	PLS9527814	  				  	17 Undergournd Storage Tanks
	 Cov B 
	  	 On-site Clean-up of New Conditions
	  				  		  		  				  	
							
	 Cov D 
	  	 Third Party Claims for Off-Site 

Clean-up Resulting from NEW Conditions
	  				  		  		  				  	
							
	 Cov E 
	  	 Third Party Claims for Off-Site Bodily Injury & Property from NEW Conditions
	  				  		  		  				  	Retention: $250,000
							
	 Cov F
	  	 Emergency Response Costs
	  	$	250,000 sublimit	  	  		  		  				  	
							
	 Cov G 
	  	 Third Party Claims for Non-Owned Locations for NEW Conditions
	  				  		  		  				  	

																	
	 13. Petro Holdings, Inc.
	  	Pollution Legal Liability	  	  		  		  				  	
		  		  				  	6/30/10-11	  	 Chartis Specialty
 Insurance Company
	  	$	44,959	  	  	Provides Pollution Liability For one NJ
							
	 Cov B
	  	 On Site Cleanup of NEW Conditions
	  	$	1,000,000	  	  		  		  				  	 Facilitiy - Dover
  

Written To Comply With Special State Statute.

							
	 Cov D
	  	 Third Party Claims for
  

Off Site Cleanup of NEW Conditions
	  				  		  	PLS3778258	  				  	
							
	 Cov F
	  	 Emergency Response Costs
	  	$
 	250,000
sublimit	  
  	  		  		  				  	Retention: $250,000
						
	 14. Petro Holdings, Inc.
	  	General Liability/Contractors Pollution Liability/Professional	   	  		  		  				  	
		  		  				  		  		  				  	Covered Operations - Those activities performed for a
		  	 Cov A - General Liabiltiy
	  	$	5,000,000	  	  	1/20/11-12	  	 Liberty Surplus
 Insurance Corp
	  	$	117,294	  	  	third party for a fee by or on behalf of the Named Insured
		  	 Cov B - Personal & Advertising Injury
  
	  	$	5,000,000	  	  		  	UVE-DE-102058-111	  				  	at a job site. Covered Operations include Completed Operations.
		  	 Cov C - Medical Payments
	  	$	10,000	  	  		  		  				  	
		  	  
 General Aggregate
	  	  
 $
	  
 5,000,000
	  
   
	  		  		  				  	  
 Covered Professional Activities: Soil testing and
analysis,

		  	 Prod.Completed Ops Aggreate
	  	$	5,000,000	  	  		  		  				  	  
 Construction or Project Management at Agency
Work.

		  	  
 Cov D - Contactors Pollution
Liability
	  	  
 $
	  
 5,000,000
	  
   
	  		  		  				  	  
 GL & CPL are on an “Occurrence”
basis

		  	  
 Cov E - Professional
	  	  
 $
	  
 5,000,000
	  
   
	  		  		  				  	  
 Professional is claims made

		  		  				  		  		  				  	Deductible: $10,000

																	
	15. Petro Holdings, Inc.	  	Terminal Operators Liability	  				  		  		  				  	
		  	 Each Occurrence or Accident
	  	$	2,000,000	  	  	10/1/10-10/1/11	  	The Northern Assurance Company of America	  	$	25,500	  	  	Policy Purpose: Cover the third party bodily injury, third party property damage, resulting from vessel berthing and loading/unloading of cargo at the Poughkeepsie, Peekskill and
Tullytown Terminals.
		  	 Deductible
	  	$	100,000	  	  		  	(International Marine Underwriters)	  				  	
							
		  		  				  		  	N5JH02057	  				  	Pollution provided on sudden/accidental basis with 20 day/ 80 day knowledge and reporting limitations
						
	16. Petro Holdings, Inc.	  	Hull and Protection & Indemnity	  	  		  		  				  	Policy Purpose: Primarily intended to protect liability for activity on navigatable waterway inclusive of maritime liability to crew members.
		  	 Hull - Vessel Value
	  	 	Per Schedule	  	  	5/16/11-12	  	The Northern Assurance Company of America	  				  
							
		  	 Protection & Indemnity
  

including Crew
	  	$	1,000,000	  	  		  	 (International Marine Underwriters)

 
 N5JH01791
	  	$	13,666	  	  	 Star Gas presently have four boats in operation.
  

		  		  	  
 $
	  
 5,000,000
	  
   
	  		  	  
 N5JH01792
	  	  
 $
	  
 8,500
	  
   
	  
		  		  				  		  		  				  	Coverage applies to owned workboats used on navigational waterways at Meenan Terminals

																	
		  	 FIRST PARTY RESPONSIBILITY
	  		  				 	
	17. Star Gas Partners, L.P. et al	  	Property	  				  		  		  				 	Protects real and business personal assets including leased buildings you are responsible to insure; also covers tanks/loading racks at owned or leased facilities except
while underground
		  		  				  	9/30/10-11	  	ACE American	  	$	187,850	  	 
		  	 Building & Contents Limit - Per Occ.
	  	$	30,000,000	  	  		  	Insurance Company	  	 	includes TRIA	  	 
		  	 Extra Expense
	  	$	1,000,000	  	  		  		  				 
							
		  	 Service Interruption
	  	$	1,000,000	  	  		  		  	 	Rate: .2213	% 	 	Covers per occurrence subject to schedule of declared location values.
		  	 Boiler & Machinery
	  	 	Included above	  	  		  		  				 
		  	 EDP
	  	$	500,000	  	  		  		  	 	Engineering	  	 	
		  	 Scheduled Property - Tanks
	  	 	Included above	  	  		  		  	$	12,982	  	 	Deductible: $25,000 - all other peril
		  	 Earthquake
	  	$	10,000,000	  	  		  		  				 	Tier I Wind Deductible:
		  	 Flood, except;
	  	$	10,000,000	  	  		  		  				 	 3% of TIV or $25,000 Min.

							
		  	 Flood Zone A & V
	  	$	1,000,000	  	  		  		  				 	
		  	 Building Ordinance
	  	$	1,000,000	  	  		  		  				 	
		  	 Newly Acquired
	  	$	2,500,000	  	  		  		  				 	Quake Deductible: $50,000
		  	 Unnamed Locations
	  	$	1,000,000	  	  		  		  				 	Flood Deductible: $50,000
		  		  				  		  		  				 	Flood Zone A 2% of TIV or 50K Min

																	
	18. Star Gas Partners, L.P. et al	  	Blanket Crime Policy	  	$	20,000,000	  	  	9/11/10-11	  	Federal Insurance Co	  	$	58,000	  	  	
		  	 (Includes Computer Fraud)
	  				  		  	8208-9872	  				  	Covers first party (you) and third party (customers) taking of money and securities.
							
		  		  				  		  		  				  	Meets required ERISA standard as respects dishonesty coverage for retirement plans.
							
		  		  				  		  		  				  	Deductible: $250,000 (except ERISA compliance)
							
		  		  				  		  		  				  	Covers Employee Dishonesty and wrongful taking of money, securities or other property; also covers third party theft of money & securities.
							
		  		  				  		  		  				  	(Note: theft of property by third parties included in Property policy)

															
	20. Star Gas Partners, L.P. et al	  	Fiduciary Liability	  	$	10,000,000	  	  	9/11/10-11	  	Federal Insurance Co	  	$21,000	  	
		  		  				  		  	8207-5608	  		  	
		  		  				  		  		  		  	Although outside administrators conduct the actual activity, the company selects the administrator and the options to be made available. Complements ERISA coverage in the Crime
policy Deductible: $25,000 Protects against claims by employee or other beneficiaries of breach of fiduciary duty in the administration of retirement plans.
	 21. Petro Holdings, Inc.
	  	Ocean Cargo Policy	  				  		  		  		  	
		  	 Any One Vessel
	  	$	7,500,000	  	  	9/1/2010-11	  	Travelers	  	$65,000	  	 Policy Purpose: Protect the value of oil inventory at owned and non owned locations in addition to

barge transport of product.

		  		  				  		  	OK09000135	  		  
		  	 Any One Location
	  	$	1,000,000	  	  		  		  		  
		  	 See Warehouse Schedule for Named locations and limits
	  				  		  		  	 Coverage continues until product is dispensed for retail delivery. Deductible is .5% of the shipment or $25,000 for stored
product.

																	
	22. Petro Holdings, Inc.	  	Flood Insurance	  				  		  		  				  	
							
		  	 Building
	  	$	500,000	  	  	3/16/11-12	  	American Bankers Ins Co of FL	  	$	1,521	  	  	National Flood Policy Zone A - required by bank
		  	 Contents
	  	$	50,000	  	  		  	AB00087982	  				  	25 Abbie Road, York, PA 17404
							
		  	 Building
	  	$	175,000	  	  	12/17/10-11	  	American Bankers Ins Co of FL	  	$	2,044	  	  	National Flood Policy Zone A - required by bank
		  	 Contents
	  	$	29,200	  	  		  	AB00076069	  				  	Roa Hook Rd, Peekskill, NY 10566
		  		  				  		  		  				  	(Storage/Garage)
							
		  	 Building
	  	$	58,500	  	  	12/17/10-11	  	American Bankers Ins Co of FL	  	$	1,069	  	  	National Flood Policy Zone A - required by bank
		  	 Contents
	  	$	29,200	  	  		  	AB00076981	  				  	Roa Hook Rd., Peekskill, NY 10566
		  		  				  		  		  				  	(Office)
							
		  	 Building
	  	$	500,000	  	  	10/21/10-11	  	American Bankers Ins Co of FL	  	$	10,675	  	  	National Flood Policy Zone A - carried by lease and due to actual exposure; have had losses.
		  	 Contents
	  	$	419,400	  	  		  	AB00070480	  				  
		  		  				  		  		  				  	55 Day Street, Norwalk, CT 06854
							
		  	 Building
	  	$	500,000	  	  	8/10/10-11	  	Weekes & Callaway Inc	  	$	1,448	  	  	National Flood Policy Zone A - carried by lease and due to actual exposure; have had losses.
		  	 Contents
	  	$	109,300	  	  		  	2030260059	  				  
		  		  				  		  		  				  	71 Day Street, Norwalk, CT 06854
							
		  	 Building
	  	$	500,000	  	  	12/28/10-11	  	American Bankers Ins Co of FL	  	$	10,975	  	  	National Flood Policy Zone A - required by bank
		  	 Contents
	  	$	448,000	  	  		  	AB00049624	  				  	15 Richboynton Rd., Dover, NJ 07801

																	
	23. Star Gas Partners, L.P. et al	 	RESPONSIBILITY TO EMPLOYEES	 				 		 		 				 	
						
		 	Employment Practices	  	 		 		 				 	
		 		 	$	7,500,000	  	 	10/1/10-11	 	 St. Paul Mercury Ins. Co,
  

EC09003584
	 	$	42,000	  	 	Employment Practices - covers the listed exposures
							
		 	 Retention
	 	$	100,000	  	 		 		 				 	Covers discrimination, wrongful termination, hostile work environment and other peril as detailed in the policy for employee claims of this nature against the
company.
							
	24. Petro Holdings, Inc.	 	Miscellaneous	 				 		 		 				 	
							
		 	 Various bonds covering the licensing of employees and various financial commitments
	 	$  

$
	2,358,966  
 114,313
	    
   
	 		 		 	$  

$
	47,200  
 3,268
	    
   
	 	 Financial guarantee bonds
  

License/Permit bonds

							
	25. The Hampton Library at Bridgehamton	 		 				 		 		 				 	
				
		 	Owners and Contractors Protective Liability Policy	 				 	OCP of Petro Inc
							
		 	 General Aggregate
	 	$
	2,000,000
	  
	 	10/1/10-10/1/11	 	 New Hampshire Ins. Co.
	 	$	100	  	 	
							
		 	 Each Occurrence
	 	$
	1,000,000
	  
	 		 	 GL 480-74-64
	 				 	
			
	26. Star Gas Partners, L.P. et al Shreve Oil	 	STORAGE TANK LIABILITY INSURANCE POLICY	  	 	
		 	 Per ‘Storage Tank Incident’
	 	$	1,000,000	  	 	11/10/10-11/10/11	 	ACE American	 	$	1,425	  	 	 Covers bodily injury or property damage caused by a ‘storage tank incident’

		 	  
 Agg All ‘Storage Tank
Incidents’
	 	  
 $
	  
 1,000,000
	  
   
	 		 	  
 Insurance Company
	 				 
							
		 	 Agg All ‘Legal Defense Expenses’
	 	$	1,000,000	  	 		 	A2466045A 003	 				 	

															
	Champion Energy & Subs 	  	General Liability	  	 $2,000,000 General Aggregate
  

$2,000,000 Products/Comp Ops Agg
 $1,000,000
Personal/Advertising Injury
 $1,000,000 Per Occurrence
 $ 50,000 Damage to premises rented to you
 $ 5,000 Medical Expense
	  	2/15/11-12	  	 Zurich American
 Insurance Co. / GLO 2983557 10
	  	$	75,386	  	  	
							
		  	Employee Benefits Liability	  	 $1,000,000 Each Act, Error or Omission
 $1,000,000 Aggregate
 *Deductible applies to BI, PD, PA&I, EBL per occurrence, act, error or
omission (depending on coverage)
	  		  		  				  	
							
		  	Automobile Liability	  	 $1,000,000 Per Accident
 $
5,000 Medical Payments
 $1,000,000 Uninsured Motorists
	  	2/15/11-12	  	 Zurich American
 Insurance Co. / BAP 2983556 10
	  	$	238,887	  	  	

															
		  	Workers Compensation	  	$1,000,000 Each Accident	  	2/15/11-12	  	American Zurich Insurance Co. / WC 2983555 10	  	$	328,506	  	  	
							
		  		  	$1,000,000 Policy Limit	  		  		  				  	
							
		  		  	$1,000,000 Each Employee	  		  		  				  	
							
		  	Loss Fund	  		  		  	Zurich American Insurance Co. /	  	$	48,915	  	  	
							
		  	Fiduciary Run Off	  	$1,000,000 Aggregate Limit	  	05/10/10-07/09/13	  	Federal Insurance Company / 8170-9365	  	$	3,375	  	  	
							
		  	Employment Practices Liability Run Off	  	$1,000,000 Aggregate Limit	  	05/10/10-07/09/13	  	Federal Insurance Company / 8158-4245	  	$	17,700	  	  	

 Schedule 5.31 Labor Matters 
 5.31 (a) & (b) - Collective Bargaining Agreements 
  

															
	 DISTRICT/BRANCH NAME
	  	 CITY
	  	 STATE
	  	 UNION
	  	 UNION/
LOCAL
	  	 EXP.
YEAR
	  	 EXP.
MO/DAY
	  	 CLASS/Comments

	Petro - NNJ	  	Lakewood	  	NJ	  	Teamsters	  	469	  	2010	  	8/31	  	Negotiations still In progress
								
	Petro - PA	  	Southampton	  	PA	  	Teamsters	  	107	  	2011	  		  	Garage Mechanics- New Contract in Progress
								
	Buckley	  	Peace Dale	  	RI	  	Teamsters	  	251	  	2011	  		  	Drivers, Service Technicians and Garage Mechanics - New Contract In Progress
								
	Petro - RI	  	Multiple Sites	  	RI	  	Teamsters	  	251	  	2011	  	3/31	  	Drivers, Service Techs, Truck Mechanics - In Progress
								
	Petro - CT	  	Norwalk	  	CT	  	Teamsters	  	191	  	2011	  	4/30	  	Service, Drivers and Mechanics - In progress
								
	Petro - AP Woodson	  	Washington	  	DC	  	Teamsters	  	922	  	2011	  	6/30	  	Technicians & Drivers - Initial Bargaining Meeting to be scheduled shortly
								
	Petro - AP Woodson	  	Washington	  	DC	  	Teamsters	  	639	  	2011	  	6/30	  	Garage Mechanics - Initial Bargaining Meeting to be scheduled shortly
								
	Petro- NNJ	  	Lakewood	  	NJ	  	Teamsters	  	469	  	2011	  	8/31	  	Drivers, Service Techs, Mechanics* *5-6 employees covered under subagreement - expires 2010
								
	Meenan Upper Darby	  	Upper Darby	  	PA	  	Teamsters	  	107	  	2011	  		  	Drivers and Dispatchers - New Contract In Progress

															
	Meenan Tullytown	  	Tullytown	  	PA	  	Teamsters	  	830	  	2011	  	5/31	  	Drivers, Mechanics, Tank Installers - In Progress
								
	Meenan - Budd Oil	  	Hackettstown	  	NJ	  	Teamsters	  	408	  	2011	  	8/1	  	Service Techs and drivers
								
	Petro - CT	  	New Milford	  	CT	  	Teamsters	  	677	  	2012	  	4/30	  	Drivers, Garage Mechanics
								
	Petro - PA	  	Southampton	  	PA	  	Teamsters	  	107	  	2012	  	6/30	  	Drivers
								
	Petro - East	  	Plainview/Yaphank	  	NY	  	United Service workers Union	  	355	  	2012	  	7/1	  	Oil Burner Service Tech, Oil Delivery Drivers, Garage Mechanics (Yaphank) - Wage reopener 2011
								
	Petro - NNJ	  	Whippany/Kenvil	  	NJ	  	Teamsters	  	469	  	2012	  	8/31	  	Drivers, Service Techs, Truck Mechanics
								
	Petro - NNJ	  	South Plainfield	  	NJ	  	United Service workers Union	  	355	  	2012	  	8/31	  	Service Techs (SP) - Currently in negotiations
								
	Petro - CT	  	North Haven	  	CT	  	Teamsters	  	443	  	2012	  	9/30	  	Drivers, Service Techs, Truck Mechanics
								
	Petro - Central	  	Plainview	  	NY	  	United Service workers Union	  	355	  	2012	  	10/31	  	Garage Mechanics -Wage reopener in 2011
								
	Meenan - Tullytown	  	Tullytown	  	PA	  	Pipefitters	  	420	  	2012	  	7/18	  	Servicemen, Installation Techs
								
	Region Oil	  	Morris County NJ	  	NJ	  	Teamsters	  	469	  	2012	  	9/17	  	Drivers, Service Techs, Garage Mechanics
								
	Wallace	  	Middletown	  	NY	  	Teamsters	  	445	  	2012	  	9/20	  	Drivers, Mechanic
								
	Leffler	  	Various Cities	  	PA	  	Sheet Metal Workers	  	19	  	2012	  	9/30	  	Service Techs, Installers
								
	C Hoffberger	  	Baltimore	  	MD	  	Teamsters	  	311	  	2012	  	6/5	  	Drivers
								
	Lewis Oil	  	Plainview	  	NY	  	IAM	  	434	  	2012	  	5/31	  	Drivers, Mechanics, Technicians
								
	Petro - PA	  	Reading	  	PA	  	Teamsters	  	429	  	2013	  	2/28	  	Drivers, Servicemen, Mechanics
								
	Atlas/Glenmore	  	Boston	  	MA	  	Teamsters	  	25	  	2013	  	4/30	  	Drivers and Mechanics
								
	Atlas/Glenmore	  	Boston	  	MA	  	Teamsters	  	25	  	2013	  	4/30	  	Service Technicians
								
	Petro - CT	  	New Milford	  	CT	  	Pipefitters	  	777	  	2013	  	8/31	  	Oil Burner Technicians
								
	Petro - PA	  	Southampton	  	PA	  	Pipefitters	  	420	  	2013	  	9/30	  	Service Techs, Installers

															
	Petro - NYC	  	Maspeth, Bayside	  	NY	  	Teamsters	  	553	  	2013	  	12/15	  	Drivers, Service Techs, Truck Mechanics
								
	Meenan - Wantagh	  	Wantagh	  	NY	  	IUE-CWA	  	463	  	2013	  	6/30	  	Inside office Clerical and Sales
								
	Hoffman - Bridgeport	  	Bridgeport	  	CT	  	Plumbers and Steamfitters	  	777	  	2013	  	6/30	  	Technicians and Apprentices
								
	Hoffman - Danbury	  	Danbury	  	CT	  	Plumbers and Steamfitters	  	777	  	2013	  	4/4	  	Mechanics, Technicians, Installers and Apprentices
								
	Hoffman - Danbury	  	Danbury	  	CT	  	Plumbers and Steamfitters	  	777	  	2013	  	5/31	  	Drivers
								
	Petro - West	  	Hicksville/Patterson	  	NY	  	Teamsters	  	553	  	2014	  	1/15	  	Drivers - Vote 1/15--30 days after New York Master vote.
								
	Petro - Ryan	  	Ryan Oil	  	NY	  	Teamsters	  	456	  	2014	  	1/31	  	Drivers, Service tech and garage tech
								
	Woods Heating	  	East Providence	  	RI	  	Teamsters	  	251	  	2014	  	3/31	  	Service Techs
								
	Meenan - Wantagh	  	Nassau/Suffolk Counties	  	NY	  	Teamsters	  	553	  	2014	  	1/15	  	Drivers - Vote 1/15--30 days after New York Master vote.
								
	Meenan - Wantagh	  	Wantagh	  	NY	  	IUE-CWA	  	463	  	2014	  	2/28	  	Service Techs
								
	Region Oil	  	North Franklin	  	NJ	  	IBT	  	560	  	2014	  	2/28	  	Drivers
								
	Love/Effron	  	Westchester/Putnam	  	NY	  	Teamsters	  	456	  	2014	  	11/30	  	Service Techs, drivers and Mechanics
								
	Burke Fuel	  	Westchester/Putnam	  	NY	  	Teamsters	  	456	  	2014	  	12/31	  	Drivers, Techs and Terminal Employees

 5.31(c) Known
Ongoing Organizing Activity 
 Petro PA/SJ district has 15-18 installers in their South New Jersey locations (Princeton and Pennsauken)
who have signed enough cards to require a vote on whether they should be represented by Local 19 of the Sheet Metal Workers Union. 

5.31(d) Threatened strikes, work stoppages, material unfair labor practice claims or other material labor disputes 

18.2.1. None 

 Schedule 5.32 Fixed Price Supply Contracts 

18.2.2. None 

 Schedule 6.20 Other Investments 
 Petroleum Heat and Power Co., Inc. at May 12, 2011, has two Money Market accounts totaling $2,011,215 as follows: 
  

							
	 J.P. Morgan Asset Management
	  	Account #5015888	  	$	2,011,215	  
	 Banc of America Securities LLC
	  	Account #249-01053-1-5 MSM	  	$	0	  

 Schedule 6.21 Liens

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