Document:

EXHIBIT 10.1

 

Execution Version

 

 

ASSET-BASED REVOLVING CREDIT AGREEMENT

Dated as of February 17, 2017

among

 

Keane Group, Inc.,

as the Parent Guarantor

Keane Group Holdings, LLC,

as the Lead Borrower, and

for

The Borrowers Named Herein

The Guarantors Named Herein

Bank of America, N.A.,

as Administrative Agent and Collateral Agent

and

The Lenders Party Hereto

Merrill Lynch, Pierce, Fenner & Smith

JPMorgan Chase Bank, N.A.

Morgan Stanley Senior Funding, Inc.

Citigroup Global Markets Inc.

PNC Capital Markets LLC

as Joint Lead Arrangers and Joint Bookrunners

 

JPMorgan Chase Bank, N.A.

Morgan Stanley Senior Funding, Inc.

Citigroup Global Markets Inc.

PNC Capital Markets LLC

as Co-Syndication Agents

 

 

    	 

    	 

    

TABLE OF CONTENTS

Page

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

	1.01	Defined Terms	1
	1.02	Other Interpretive Provisions	59
	1.03	Accounting Terms	60
	1.04	Rounding	60
	1.05	Times of Day	60
	1.06	Pro Forma Calculations	61
	1.07	Letter of Credit Amounts	61
	1.08	Certifications	62

ARTICLE II

THE COMMITMENTS AND CREDIT EXTENSIONS

	2.01	Committed Loans; Reserves	62
	2.02	Borrowings, Conversions and Continuations of Committed Loans	63
	2.03	Letters of Credit	65
	2.04	Swing Line Loans	73
	2.05	Prepayments	76
	2.06	Termination or Reduction of Commitments	77
	2.07	Repayment of Loans	78
	2.08	Interest	78
	2.09	Fees	79
	2.10	Computation of Interest and Fees	79
	2.11	Evidence of Debt	79
	2.12	Payments Generally; Administrative Agent’s Clawback	80
	2.13	Sharing of Payments by Lenders	81
	2.14	Settlement Amongst Lenders	82
	2.15	Increase in Commitments	83
	2.16	Extensions of Commitments	85

ARTICLE III

TAXES, YIELD PROTECTION AND ILLEGALITY;

APPOINTMENT OF LEAD BORROWER

	3.01	Taxes	88
	3.02	Illegality	90
	3.03	Inability to Determine Rates	91
	3.04	Increased Costs; Reserves on LIBOR Rate Loans	91
	3.05	Compensation for Losses	92
	3.06	Mitigation Obligations; Replacement of Lenders	93
	3.07	Survival	93
	3.08	Designation of Lead Borrower as Borrowers’ Agent	93

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Page

ARTICLE IV

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

	4.01	Conditions of Initial Credit Extension	94
	4.02	Conditions to All Credit Extensions	96

ARTICLE V

REPRESENTATIONS AND WARRANTIES

	5.01	Existence, Qualification and Power	97
	5.02	Authorization; No Contravention	97
	5.03	Governmental Authorization; Other Consents	98
	5.04	Binding Effect	98
	5.05	Financial Statements; No Material Adverse Effect	98
	5.06	Litigation	99
	5.07	No Default	99
	5.08	Ownership of Property; Liens	99
	5.09	Environmental Compliance	99
	5.10	Taxes	100
	5.11	ERISA Compliance	100
	5.12	Subsidiaries; Equity Interests	101
	5.13	Margin Regulations; Investment Company Act	101
	5.14	Disclosure	101
	5.15	Compliance with Laws	101
	5.16	Intellectual Property; Licenses, Etc.	102
	5.17	Labor Matters	102
	5.18	Security Documents	102
	5.19	Solvency	103
	5.20	Deposit Accounts	103
	5.21	Material Contracts	103
	5.22	USA PATRIOT Act Notice	104
	5.23	Office of Foreign Assets Control	104
	5.24	Use of Proceeds	104
	5.25	Anti-Money Laundering	104
	5.26	FCPA	104
	5.27	Insurance	104
	5.28	Borrowing Base Certificate	105
	5.29	EEA Financial Institutions	105

ARTICLE VI

AFFIRMATIVE COVENANTS

	6.01	Financial Statements	105
	6.02	Certificates; Other Information	107
	6.03	Notices	108
	6.04	Payment of Obligations	108
	6.05	Preservation of Existence, Etc.	109
	6.06	Maintenance of Properties	109
	6.07	Maintenance of Insurance	109
	6.08	Compliance with Laws	109

    	 	 -iii-	 

     

    

 

Page

 

	6.09	Books and Records; Accountants	109
	6.10	Inspection Rights	110
	6.11	Additional Loan Parties	111
	6.12	Cash Management	111
	6.13	Information Regarding the Collateral	112
	6.14	Further Assurances	113
	6.15	ERISA	113
	6.16	Use of Proceeds	113
	6.17	Post-Closing Collateral Actions	114

ARTICLE VII

NEGATIVE COVENANTS

	7.01	Liens	114
	7.02	Investments	114
	7.03	Indebtedness; Disqualified Stock	114
	7.04	Fundamental Changes	114
	7.05	Dispositions	115
	7.06	Restricted Payments	115
	7.07	Prepayments of Indebtedness	117
	7.08	Change in Nature of Business	117
	7.09	Transactions with Affiliates	117
	7.10	Burdensome Agreements	120
	7.11	Use of Proceeds	121
	7.12	Amendment of Material Documents	121
	7.13	Fiscal Year/Quarter	121
	7.14	Consolidated Fixed Charge Coverage Ratio	121

ARTICLE VIII

EVENTS OF DEFAULT AND REMEDIES

	8.01	Events of Default	122
	8.02	Remedies Upon Event of Default	124
	8.03	Application of Funds	124
	8.04	Cure Rights	126

ARTICLE IX

ADMINISTRATIVE AGENT

	9.01	Appointment and Authority	127
	9.02	Rights as a Lender	127
	9.03	Exculpatory Provisions	127
	9.04	Reliance by Agents	128
	9.05	Delegation of Duties	129
	9.06	Resignation of Agents	129
	9.07	Non-Reliance on Administrative Agent and Other Lenders	129
	9.08	No Other Duties, Etc.	130
	9.09	Administrative Agent May File Proofs of Claim	130
	9.10	Collateral and Guaranty Matters	131
	9.11	Notice of Transfer	131
	9.12	Reports and Financial Statements	131

 

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Page

 

	9.13	Agency for Perfection	132
	9.14	Indemnification of Agents	132
	9.15	Relation Among Lenders	133
	9.16	Defaulting Lender	133
	9.17	Withholding Tax	135
	9.18	Intercreditor Agreements	135

ARTICLE X

MISCELLANEOUS

	10.01	Amendments, Etc.	135
	10.02	Notices; Effectiveness; Electronic Communications	137
	10.03	No Waiver; Cumulative Remedies	139
	10.04	Expenses; Indemnity; Damage Waiver	139
	10.05	Payments Set Aside	141
	10.06	Successors and Assigns	142
	10.07	Treatment of Certain Information; Confidentiality	145
	10.08	Right of Setoff	146
	10.09	Interest Rate Limitation	147
	10.10	Counterparts; Integration; Effectiveness	147
	10.11	Survival	147
	10.12	Severability	147
	10.13	Replacement of Lenders	148
	10.14	Governing Law; Jurisdiction; Etc.	148
	10.15	Waiver of Jury Trial	149
	10.16	No Advisory or Fiduciary Responsibility	149
	10.17	USA Patriot Act	150
	10.18	Time of the Essence	150
	10.19	Press Releases	150
	10.20	Additional Waivers	151
	10.21	No Strict Construction	152
	10.22	Attachments	152
	10.23	Conflict of Terms	152
	10.24	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	152

 

 

	SIGNATURES	S-1

 

 

    	 	 -v-	 

     

    

SCHEDULES

	 	1.01A	Borrowers
	 	1.04	Unrestricted Subsidiaries
	 	1.05	L/C Issuer Sublimit
	 	2.01	Commitments and Applicable Percentages
	 	2.03(a)	Existing Letters of Credit
	 	4.01	Effective Date Documents
	 	5.01	Loan Parties Organizational Information
	 	5.06	Litigation
	 	5.09	Environmental Matters
	 	5.12	Subsidiaries; Other Equity Investments
	 	5.16	Intellectual Property Matters
	 	5.20	DDAs
	 	5.21	Material Contracts
	 	6.17	Post-Closing Matters
	 	7.01	Existing Liens
	 	7.02	Existing Investments
	 	7.03	Existing Indebtedness
	 	7.09	Existing Affiliate Transactions
	 	10.02	Administrative Agent’s Office; Certain Addresses for Notices

 

 

EXHIBITS

 

	 	Form of
	 	 	 
	 	A	Committed Loan Notice
	 	B	Swing Line Loan Notice
	 	C-1	Revolving Note
	 	C-2	Swing Line Note
	 	D	Assignment and Assumption
	 	E	Borrowing Base Certificate
	 	F	Solvency Certificate
	 	G	U.S. Tax Compliance Certificate
	 	H	Intercreditor Agreement 
	 	I	Facility Guaranty
	 	J	Security Agreement

 

    	 	 -vi-	 

     

    

ASSET-BASED REVOLVING CREDIT AGREEMENT

This ASSET-BASED REVOLVING CREDIT AGREEMENT
(“Agreement”) is entered into as of February 17, 2017 among Keane Group Inc., a Delaware corporation (the “Parent”),
Keane Group Holdings, LLC, a Delaware limited liability company (the “Lead Borrower”), the Persons named on
Schedule 1.01A hereto (and together with the Lead Borrower and each other Person that becomes a Borrower hereunder in accordance
with the terms hereof, collectively, the “Borrowers”), the Guarantors, each lender from time to time party hereto
(collectively, the “Lenders” and individually, a “Lender”) and Bank of America, N.A. as Administrative
Agent and Collateral Agent.

PRELIMINARY STATEMENTS

WHEREAS, the Borrowers desire to enter
into an asset-based revolving credit facility with an aggregate commitment equal to $150,000,000 and the Lenders desire to extend
such aggregate commitment, pursuant to the terms and conditions set forth herein.

In consideration of the mutual covenants
and agreements herein contained, the parties hereto covenant and agree as follows:

ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS

1.01     Defined
Terms. As used in this Agreement, the following terms shall have the meanings set forth below:

“ABL Facility” means
the asset-based revolving credit facility pursuant to this Agreement.

“ABL Priority Collateral”
has the meaning set forth in the Intercreditor Agreement.

“Accelerated Borrowing Base
Delivery Event” means any of the following events: (a) the occurrence and continuance of any Event of Default, (b) if
no Loans are outstanding and the aggregate amount of L/C Obligations (excluding any L/C Obligations that have been Cash Collateralized)
is less than or equal to $2,500,000, Liquidity is less than the greater of (x) seventeen and a half percent (17.5%) of the Loan
Cap and (y) $20,000,000, (c) if any Loan is outstanding or the aggregate amount of L/C Obligations (excluding any L/C Obligations
that have been Cash Collateralized) is in excess of $2,500,000, Excess Availability is less than the greater of (x) seventeen and
a half percent (17.5%) of the Loan Cap and (y) $20,000,000, or (d) upon written request of the Administrative Agent during any
period in which Excess Availability is less than $10,000,000, in the case of each of clauses (a), (b), (c) and (d), for at least
two (2) consecutive Business Days. For purposes of this Agreement, the occurrence of an Accelerated Borrowing Base Delivery Event
shall be deemed continuing (i) so long as such Event of Default has not been cured or waived, (ii) if the Accelerated Borrowing
Base Delivery Event arises as a result of clause (b) of the immediately preceding sentence, until the date Liquidity shall have
been at least equal to the greater of (x) seventeen and a half percent (17.5%) of the Loan Cap and (y) $20,000,000, (iii) if the
Accelerated Borrowing Base Delivery Event arises as a result of clause (c) of the immediately preceding sentence, until the date
Excess Availability shall have been at least equal to the greater of (x) seventeen and a half percent (17.5%) of the Loan Cap and
(y) $20,000,000, and/or (iv) if the Accelerated Borrowing Base Delivery Event arises as a result of clause (d) of the immediately
preceding sentence, until the date Excess Availability shall be at least $10,000,000, in the case of each of clauses (i), (ii)
and (iii), for thirty (30) consecutive calendar days, in which case an Accelerated Borrowing Base Delivery Event shall no longer
be deemed to be continuing for purposes of this Agreement. The termination of an Accelerated Borrowing Base Delivery Event as provided
herein shall in no way limit, waive or delay the occurrence of a subsequent Accelerated Borrowing Base Delivery
Event in the event that the conditions set forth in this definition again arise.

     

     

    

“Accommodation Payment”
has the meaning provided in Section 10.20(d).

“Account” means “accounts”
as defined in the UCC, and also means a right to payment of a monetary obligation whether or not constituting “accounts”
as defined in the UCC, whether or not earned by performance, (a) for property that has been or is to be sold, leased, licensed,
assigned, or otherwise disposed of, (b) for services rendered or to be rendered, or (c) arising out of the use of a credit or charge
card or information contained on or for use with the card.

“ACH” means automated
clearing house transfers.

“Acquisition” means,
with respect to any Person (a) a purchase of a Controlling interest in the Equity Interests of any other Person, (b) a purchase
or other acquisition of all or substantially all of the assets or properties of another Person or of any business unit of another
Person or (c) any merger or consolidation of such Person with any other Person or other transaction or series of transactions
resulting in the acquisition of all or substantially all of the assets, or a Controlling interest in the Equity Interests, of any
Person, in each case, for which the aggregate consideration payable in connection with such acquisition or group of transactions
which are part of a common plan equals or exceeds $10,000,000 (excluding any consideration paid with Equity Interests).

“Additional Commitment Lender”
has the meaning provided in Section 2.15(d).

“Additional Commitments”
has the meaning provided in Section 2.15(a).

“Adjusted LIBOR Rate”
means, with respect to any LIBOR Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary,
to the next 1/16 of one percent (1%)) equal to the LIBOR Rate for such Interest Period multiplied by the Statutory Reserve Rate.
The Adjusted LIBOR Rate will be adjusted automatically as to all LIBOR Borrowings then outstanding as of the effective date for
the change in the Statutory Reserve Rate.

“Adjustment Date”
means the first day of each Fiscal Quarter, commencing with the first such day following the second full Fiscal Quarter ending
after the Effective Date.

“Administrative Agent”
means Bank of America, in its capacity as administrative agent under any of the Loan Documents, or any successor administrative
agent hereunder.

“Administrative Agent’s
Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02,
or such other address or account as the Administrative Agent may from time to time notify the Lead Borrower and the Lenders.

“Administrative Questionnaire”
means an Administrative Questionnaire in a form supplied by the Administrative Agent.

“Affiliate” means,
with respect to any Person, (a) another Person that directly, or indirectly through one or more intermediaries, Controls or is
Controlled by or is under common Control with the Person specified, (b) any director, officer, managing member, partner, trustee,
or beneficiary of that Person, and (c) any Person which beneficially owns or holds ten percent (10%) or more of any class of Voting
Stock of such Person.

    	- 2 -

     

    

“Affiliated Debt Fund”
means a Sponsor Affiliated Lender that is a bona fide diversified debt fund that is primarily engaged in, or advises funds or other
investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in commercial loans, bonds and similar
extensions of credit or securities in the ordinary course.

“Agent(s)” means,
individually, the Administrative Agent, the Collateral Agent, the Arrangers, the Co-Syndication Agents and the Co-Documentation
Agents and collectively means all of them.

“Agent Parties” has
the meaning provided in Section 10.02(c).

“Aggregate Commitments”
means the Commitments of all the Lenders. As of the Effective Date, the Aggregate Commitments total $150,000,000.

“Agreement” means
this Credit Agreement.

“Allocable Amount”
has the meaning provided in Section 10.20(d).

“Applicable Lenders”
means the Required Lenders, all affected Lenders, or all Lenders, as the context may require.

“Applicable Margin”
means:

(a)       From
and after the Effective Date until the first Adjustment Date, the percentages set forth in Level I of the pricing grid below; and

(b)       From
and after the first Adjustment Date and on each Adjustment Date thereafter, the Applicable Margin shall be determined from the
following pricing grid based upon the Total Net Leverage Ratio on the last day of the most recent Fiscal Quarter ended immediately
preceding such Adjustment Date.

	 	Level	Total Net Leverage Ratio	LIBOR Margin	Base Rate Margin
	 	I	Greater than 4.0:1.0	4.50%	3.50%
	 	II	Less than or equal to 4.0x but greater than 3.5:1.0	4.25%	3.25%
	 	III	Less than or equal to 3.5:1.0	4.00%	3.00%

 

“Applicable Percentage”
means with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the Aggregate Commitments
of any Class represented by such Lender’s Commitment at such time. If the commitment of each Lender to make Loans and the
obligation of each L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 2.06 or Section 8.02 or if
the Aggregate Commitments of a Class have expired, then the Applicable Percentage of each Lender shall be determined based on the
Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments. The initial Applicable
Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption
pursuant to which such Lender becomes a party hereto, as applicable.

“Applicable Rate”
means, at any time of calculation, a per annum rate equal to the Applicable Margin for Loans which are LIBOR Rate Loans.

    	- 3 -

     

    

“Appraised Value”
means with respect to Eligible Inventory and Eligible Frac Iron, the appraised orderly liquidation value, net of costs and expenses
to be incurred in connection with any such liquidation, which value is expressed as a percentage of Cost of such Eligible Inventory
and Eligible Frac Iron as set forth in the Loan Parties’ books and records, which value shall be determined from time to
time by the most recent appraisal undertaken by an independent appraiser engaged by the Administrative Agent.

“Approved Fund” means
any Fund that is administered, advised or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate
of an entity that administers, advises or manages any Fund that is a Lender.

“Arranger(s)” means Merrill
Lynch, Pierce, Fenner & Smith, JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., Citigroup Global Markets Inc.
and PNC Capital Markets LLC, in their capacities as joint lead arrangers and joint bookrunners.

 

“Assignee Group” means
two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds administered, advised or managed
by the same entity or entities that are Affiliates of one another.

“Assignment and Assumption”
means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent
is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit D or any
other form approved by the Administrative Agent.

“Attributable Indebtedness”
means, on any date, in respect of any Capital Lease Obligation of any Person, the capitalized amount thereof that would appear
on a balance sheet of such Person prepared as of such date in accordance with GAAP.

“Audited Financial Statements”
shall mean the audited consolidated financial statements of the Lead Borrower and its Subsidiaries as of December 31, 2015.

“Auto-Extension Letter of Credit”
has the meaning provided in Section 2.03(b)(iii).

“Availability Period”
means the period from and including the Effective Date to the earliest of (a) the Business Day immediately preceding the Maturity
Date, (b) the date of termination of the Aggregate Commitments pursuant to Section 2.06, and (c) the date of termination of the
commitment of each Lender to make Loans and of the obligation of each L/C Issuer to make L/C Credit Extensions pursuant to Section
8.02.

“Availability Reserves”
means, without duplication of any other Reserves or items that are addressed or excluded through eligibility criteria, such reserves
as the Administrative Agent implements on the Effective Date and from time to time determines in its Permitted Discretion as being
appropriate, based on events, conditions, or circumstances which arose after the Effective Date or which the Administrative Agent
first became aware after the Effective Date, (a) to reflect the impediments to the Agents’ ability to realize upon the ABL
Priority Collateral, (b) to reflect claims and liabilities that the Administrative Agent determines will need to be satisfied in
connection with the realization upon the ABL Priority Collateral, (c) to reflect criteria, events, conditions, contingencies or
risks which adversely affect the value of any component of the Borrowing Base, or (d) to reflect that a Default or an Event of
Default then exists. Without limiting the generality of the foregoing, Availability Reserves may include, in the Administrative
Agent’s Permitted Discretion (but are not limited to), reserves based on (i) any rental payments, service charges or other
amounts due or to become due to lessors 

    	- 4 -

     

    

of real property to the extent Inventory or records are
located in or on such property or such records are needed to monitor or otherwise deal with the Collateral (other than for
locations where Administrative Agent has received a Collateral Access Agreement executed and delivered by the owner and
lessor of such real property); provided that, the Availability Reserves established pursuant to this clause (i) that
are leased shall not exceed at any time the aggregate of amounts payable for the next three (3) months to the lessors of such
locations, and only with respect to locations in those States where any right of the lessor to Inventory are pari
passu with or have priority over the Lien of the Collateral Agent therein; (ii) customs duties, and other costs to
release Inventory which is being imported into the United States; (iii) outstanding Taxes and other governmental charges,
including, without limitation, ad valorem, real estate, personal property, sales, and other Taxes or claims of the PBCG (in
each case to the extent such Taxes and other governmental charges are due and payable (except if being contested in good
faith in appropriate proceedings and for which adequate reserves have been taken)) which have priority over the Liens of the
Collateral Agent in the Collateral; (iv) salaries, wages and benefits due to employees of any Borrower; (v) customer
deposits; (vi) reserves for reasonably anticipated changes in Appraised Value between appraisals; (vii)
warehousemen’s or bailee’s charges and other Permitted Encumbrances which may have priority over the Liens of the
Collateral Agent in the Collateral, (viii) amounts due to vendors on account of consigned goods; (ix) Cash Management
Reserves; and (x) Bank Product Reserves. The amount of any Availability Reserve established by the Administrative Agent shall
(x) have a reasonable relationship to the event, condition or other matter which is the basis for such reserve as determined
by the Administrative Agent in good faith and (y) not be duplicative of any other factor then in existence pursuant to the
criteria contained in Eligible Billed Accounts, Eligible Unbilled Accounts, Eligible Inventory or Eligible Frac Iron.

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

“Bail-In
Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European
Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is
described in the EU Bail-In Legislation Schedule.

“Bank of America”
means Bank of America, N.A. and its successors.

“Bank Product Reserves”
means such reserves as the Administrative Agent from time to time determines in its Permitted Discretion as being appropriate to
reflect the liabilities and obligations of the Loan Parties with respect to Bank Products then provided or outstanding.

“Bank Products” means
any services or facilities provided to any Loan Party by any Agent, any Arranger, any Lender, or any of their respective Affiliates
(or any Person that was an Agent, an Arranger, a Lender, or an Affiliate of an Agent, an Arranger or a Lender at the time it entered
into such Bank Products or, with respect to Bank Products entered into prior to the Effective Date, on the Effective Date), including,
without limitation, on account of (a) Swap Contracts and (b) purchase cards, but excluding Cash Management Services and the Designated
Senior Indebtedness.

“Base Rate” means
for any day a fluctuating rate per annum equal to the highest of (a) the rate of interest in effect for such day as publicly announced
from time to time by Bank of America as its “prime rate”; (b) the Federal Funds Rate for such day, plus 0.50%; and
(c) the LIBOR Rate for a one-month Interest Period plus 1.0%. The “prime rate” is a rate set by Bank of America
based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors,
and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change
in Bank of America’s prime rate, the Federal Funds Rate or the LIBOR Rate, respectively, shall take effect at the opening of business
on the day specified in the public announcement of such change.

    	- 5 -

     

    

“Base Rate Loan” means
a Loan that bears interest based on the Base Rate.

“Blocked Account”
has the meaning provided in Section 6.12(a).

“Blocked Account Agreement”
means with respect to a deposit account established by a Loan Party, an agreement, in form and substance reasonably satisfactory
to the Collateral Agent, establishing control (as defined in the UCC) of such account by the Collateral Agent and whereby the bank
maintaining such account agrees, upon the occurrence and during the continuance of a Dominion Trigger Event, to comply only with
the instructions originated by the Collateral Agent without the further consent of any Loan Party.

“Blocked Account Bank”
means each bank with whom DDAs are maintained, other than any bank with whom a Blocked Account Agreement is not required to be,
executed in accordance with the terms hereof.

“Board of Directors”
means, with respect to any Person, (a) in the case of any corporation, the board of directors of such Person, (b) in
the case of any limited liability company, the board of managers or managing member of such Person, (c) in the case of any
partnership, the Board of Directors of the general partner of such Person and (d) in any other case, the functional equivalent
of the foregoing.

“Borrower Materials”
means materials and/or information provided by or on behalf of the Parent hereunder.

“Borrowers” has the meaning
provided in the introductory paragraph hereto. At the request of the Lead Borrower and with the consent of the Administrative Agent,
any Restricted Subsidiary of the Parent that is a Domestic Subsidiary may be designated as a Borrower, subject to (a) executing
and delivering a joinder agreement to this Agreement and such other documents as the Administrative Agent reasonably requests in
which case such Borrower shall be jointly and severally liable with the other Borrowers for all Obligations under this Agreement
and (b) the Administrative Agent shall have received all documentation and other information required by regulatory authorities
under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation
the USA PATRIOT Act reasonably requested by the Lenders.

 

“Borrowing” means
a Committed Borrowing or a Swing Line Borrowing, as the context may require.

“Borrowing Base” means,
at any time of calculation, an amount equal to:

(a)       85%
multiplied by the amount of Eligible Billed Accounts; plus

(b)       75%
multiplied by the amount of Eligible Unbilled Accounts; provided, that the amount attributable to this clause (b)
shall not exceed 20% of the Borrowing Base (after giving effect to any Reserve, this limitation and the limitation set forth in
the proviso in clause (c) below); plus

(c)       the
lesser of (x) 70% of the Cost and (y) 85% of the Appraised Value of Eligible Inventory and Eligible Frac Iron; provided,
that the amount attributable to this clause (c) shall not exceed 15% of the Borrowing Base (after giving effect
to any Reserve, this limitation and the limitation set forth in the proviso in clause (b) above); minus

    	- 6 -

     

    

(d)       the
then applicable amount of all Reserves.

“Borrowing Base Certificate”
means a certificate substantially in the form of Exhibit E hereto (with such changes therein as may be reasonably requested
by the Administrative Agent to reflect the components of and Reserves against the Borrowing Base as provided for hereunder from
time to time), executed and certified as accurate and complete by a Responsible Officer of the Lead Borrower which shall include
appropriate exhibits, schedules, supporting documentation, and additional reports as reasonably requested by the Administrative
Agent.

“Business Day” means
any day other than Saturday, Sunday, or other day on which commercial banks are authorized or required to close under the laws
of, or are in fact closed in, the state where the Agent’s office is located, except that if determination of Business Day
shall relate to any LIBOR Rate Loans the term Business Day shall also exclude any day on which banks are closed for dealings in
dollar deposits in the London interbank market or other applicable LIBOR Rate market.

“Capital Expenditures”
means, without duplication and with respect to the Keane Group for any period, all expenditures made (whether made in the form
of cash or other property) or costs incurred for the acquisition or improvement of fixed or capital assets of the Keane Group (excluding
normal replacements and maintenance which are properly charged to current operations), in each case that are (or should be) set
forth as capital expenditures in a Consolidated statement of cash flows of the Keane Group for such period, in each case prepared
in accordance with GAAP; provided that Capital Expenditures shall not include (a) expenditures by the Keane Group in connection
with Permitted Acquisitions, any Acquisition (without regard to the threshold described therein) or the Trican Transaction, (b)
any such expenditure made to restore, replace or rebuild property, to the extent such expenditure is made with (x) Net Proceeds
from a Disposition or (y) insurance proceeds, condemnation awards or damage recovery proceeds relating to any such damage, loss,
destruction or condemnation, (c) any such expenditure funded or financed with the proceeds of Permitted Indebtedness (other than
any revolving indebtedness), equity or any capital contribution to the Keane Group, (d) if there are no Loans outstanding and the
aggregate amount of L/C Obligations (excluding any L/C Obligations that have been Cash Collateralized) is less than or equal to
$2,500,000, any expenditures (to the extent funded by cash or Cash Equivalents on the balance sheet of Parent, not to exceed the
aggregate amount of cash and Cash Equivalents held by the Parent and its Subsidiaries immediately after the IPO, net of the aggregate
amount of long term Indebtedness of the Parent or any of its Subsidiaries refinanced with cash or Cash Equivalents on or after
the date of consummation of the IPO) in connection with the purchase, construction or other acquisition of new fixed assets (other
than any amounts used to maintain, repair, renew or replace fixed assets), which, in the case of this clause (d), do not exceed
$35,000,000 in any Fiscal Year or $147,500,000 during the term of this Agreement and (e) with respect to any property, assets or
business of any Person or of assets constituting a business unit, line of business or division of any Person acquired by the Keane
Group, any expenditures (other than any amounts used to maintain, repair, renew or replace assets) made therefor prior to the consummation
of such acquisition by the Keane Group.

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

“Cash Collateral Account” means a deposit or securities account established by one or more
of the Loan Parties with Bank of America in the name of the Collateral Agent (or as the Collateral Agent shall otherwise direct)
and under the sole and exclusive dominion and control of the Collateral Agent, in which deposits are required to be made in accordance
with Section 2.03(g) or 8.02(b).

    	- 7 -

     

    

“Cash Collateralize”
has the meaning provided in Section 2.03(g). Derivatives of such term have corresponding meanings.

“Cash Management Reserves”
means such reserves as the Administrative Agent, from time to time, determines in its Permitted Discretion reflecting the reasonably
anticipated liabilities and obligations of the Loan Parties with respect to Cash Management Services then provided or outstanding.

“Cash Management Services”
means any cash management services or facilities provided to any Loan Party by any Agent, any Arranger or any Lender or any of
their respective Affiliates (or any Person that was an Agent, an Arranger, a Lender or an Affiliate of an Agent, an Arranger, or
a Lender at the time it entered into Cash Management Services), including, without limitation: (a) ACH transactions, (b) controlled
disbursement services, or treasury, depository, overdraft, and electronic funds transfer services, (c) foreign exchange facilities,
(d) credit card processing services, and (e) credit or debit cards.

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

“Change in Law” means
the occurrence, after the Effective Date, 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 or application thereof
by any Governmental Authority or (c) the making or issuance of any request, guideline, directive or other published administrative
guidance (whether or not having the force of law) by any Governmental Authority. It is understood and agreed that (i) the Dodd–Frank
Wall Street Reform and Consumer Protection Act (Public Law 111-203, H.R. 4173), all Laws relating thereto and all interpretations
and applications thereof and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements,
the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities,
pursuant to Basel III, shall in each case, for the purpose of this Agreement, be deemed to be adopted subsequent to the Effective
Date.

“Change of Control”
means an event or series of events by which:

(a)       any
Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision) including
any group acting for the purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under
the Exchange Act), other than any Permitted Holder, acquires directly or indirectly, in a single transaction or in a related series
of transactions, by way of merger, consolidation or other business combination or purchase of beneficial ownership (within the
meaning of Rule 13d-3 under the Exchange Act, or any successor provision), directly or indirectly (i) more than 50% of the total
voting power of the voting Equity Interests of the Parent or (ii) more than 35% of the total voting power of the voting Equity
Interests of the Parent and the percentage so held is greater than the percentage of the total voting power that is Controlled
by the Permitted Holders;

(b)       the
sale, lease, transfer, conveyance or other disposition (other than by way of merger, consolidation or other business combination
transaction), in one or a series of related transactions, of all or substantially all of the assets of the Parent and its Restricted
Subsidiaries taken as a whole to a Person, other than a Restricted Subsidiary or any Permitted Holder; or

(c)       subject
to Section 7.04, Parent ceasing to own, directly or indirectly, 100% of the total voting power of the Voting Stock of any Borrower.

    	- 8 -

     

    

“Class,” when used
in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are the Loans pursuant
to the initial Credit Extension, Loans pursuant to Additional Commitments or Extended Loans, (b) any Commitment, refers to whether
such Commitment is a Commitment in respect of Loans pursuant to the initial Credit Extension or a Commitment in respect of a Class
of Loans to be made pursuant to an Increase Joinder or an Extension Amendment and (c) any Lender, refers to whether such Lender
has a Loan or Commitment with respect to a particular Class of Loans or Commitments. Loans pursuant to Additional Commitments and
Extended Loans that have different terms and conditions shall be construed to be in different Classes.

“Co-Syndication Agents”
means JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc., Citigroup Global Markets Inc. and PNC Capital Markets LLC.

“Code” means the Internal
Revenue Code of 1986, as amended.

“Collateral” means
any and all “Collateral” as defined in any applicable Security Document and all other property that is or is intended
under the terms of the Security Documents to be subject to Liens in favor of the Collateral Agent, which will exclude, for the
avoidance of doubt, Excluded Property (including all Real Estate).

“Collateral Access Agreement”
means an agreement reasonably satisfactory in form and substance to the Agents executed by (a) a bailee or other Person in possession
of Collateral, (b) a mortgagee in connection with Indebtedness secured by a mortgage on Real Estate, or (c) any landlord of Real
Estate leased by any Loan Party, in each case, pursuant to which such Person (i) acknowledges the Collateral Agent’s Lien
on the Collateral, (ii) releases or subordinates such Person’s Liens in the Collateral held by such Person or located on
such Real Estate, (iii) provides the Collateral Agent with access to the Collateral held by such bailee or other Person or located
in or on such Real Estate, (iv) as to any landlord, provides the Collateral Agent with a reasonable time to Dispose of the Collateral,
or remove the Collateral from such Real Estate, and (v) makes such other agreements with the Collateral Agent as the Collateral
Agent may reasonably require.

“Collateral Agent”
means Bank of America, acting in such capacity for its own benefit and the benefit of the other Credit Parties, and its successors
hereunder.

“Collection Account”
has the meaning provided in Section 6.12(c).

“Commercial Letter of Credit”
means any letter of credit or similar instrument (including, without limitation, Bankers’ Acceptances) issued for the purpose
of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by a Loan Party
in the ordinary course of business of such Loan Party.

“Commitment” means,
as to each Lender, its obligation to (a) make Committed Loans to the Borrowers pursuant to Section 2.01, (b) purchase participations
in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding
not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 or in the Assignment and Assumption
pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance
with this Agreement.

“Committed Borrowing”
means a borrowing consisting of Committed Loans of the same Type and Class and, in the case of LIBOR Rate Loans, having the same
Interest Period made by each of the Lenders pursuant to Section 2.01.

    	- 9 -

     

    

“Committed Loan” has
the meaning provided in Section 2.01(a).

“Committed Loan Notice”
means a notice of (a) a Committed Borrowing, (b) a Conversion of Committed Loans from one Type to the other, or (c) a continuation
of LIBOR Rate Loans, pursuant to Section 2.02(b), which, if in writing, shall be substantially in the form of Exhibit A
or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission
system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Lead
Borrower.

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

“Consolidated” means,
when used to modify a financial term, test, statement, or report of a Person, the application or preparation of such term, test,
statement or report (as applicable) based upon the consolidation, in accordance with GAAP, of the financial condition or operating
results of such Person and its Subsidiaries.

“Consolidated EBITDA”
means, at any date of determination, an amount equal to the Consolidated Net Income of the Keane Group for the most recently completed
Measurement Period plus, without duplication, to the extent the same was deducted in calculating such Consolidated Net Income:

(1)       Consolidated
Taxes; plus

(2)       Consolidated
Interest Charges; plus

(3)       Consolidated
Non-cash Charges; plus

(4)       the
amount of management, monitoring, consulting and advisory fees and related expenses paid to the Sponsor (or any accruals relating
to such fees and related expenses) during such period to the extent otherwise permitted under Section 7.09; plus

(5)       the
amount of costs, expenses and fees paid during such period in connection with (i) the Transactions and/or (ii) the Trican Transaction;
plus

(6)       any
premiums, expenses or charges (other than Consolidated Non-cash Charges) related to any issuance or sale of Equity Interests (including
the IPO), Investment, Acquisition, Disposition, recapitalization or the incurrence or repayment or amendment of Indebtedness permitted
to be incurred hereunder (including a refinancing thereof) (whether or not successful or meeting the dollar amount thresholds specified
herein), including (i) such fees, expenses or charges related to the issuance of Indebtedness, and (ii) any amendment
or other modification of this Agreement or other Indebtedness; plus

(7)       [reserved];
plus

(8)       any
costs or expense incurred pursuant to any management equity plan or stock option plan or other management or employee benefit plan
or agreement or any stock subscription or shareholder agreement; plus

(9)       the
amount of any minority interest expense consisting of income of a Subsidiary attributable to minority equity interests of third
parties in any non-wholly owned Subsidiary deducted in such period in calculating Consolidated
Net Income, net of any cash distributions made to such third parties in such period; plus

    	- 10 -

     

    

(10)       the
amount of “run-rate” cost savings, operating expense reductions, restructuring charges and expenses and cost-saving
synergies projected by the Lead Borrower in good faith to be realized, as a result of actions taken or expected to be taken, within
12 months of the end of such period (calculated on a pro forma basis as though such cost savings, operating expense reductions,
restructuring charges and expenses and cost-saving synergies had been realized on the first day of such period), net of the amount
of actual benefits realized during such period from such actions; provided that (1) such cost savings, operating expense
reductions, restructuring charges and expenses and cost-saving synergies are reasonably identifiable and factually supportable,
(2) no cost savings, operating expense reductions, restructuring charges and expenses and cost-saving synergies may be added
pursuant to this clause (10) to the extent duplicative of any expenses or charges relating thereto that are either excluded
in computing Consolidated Net Income or included (i.e., added back) in computing Consolidated EBITDA for such period, (3) such
adjustments may be incremental to (but not duplicative of) pro forma adjustments made pursuant to Section 1.06 and
(4) the aggregate amount of cost savings, operating expense reductions and cost saving synergies added pursuant to this clause
(10) together with any amounts added pursuant to clause (11)(y) below shall not exceed (A) (a) $7,500,000 during the two Fiscal
Quarter periods ending after the Effective Date and (b) thereafter, 15.0% of Consolidated EBITDA for such Measurement Period (prior
to giving effect to the addbacks pursuant to this clause (10) and clause (11)(y) below) plus (B) the amount of any such cost savings,
operating expense reductions, restructuring charges and expenses and cost-savings synergies that would be permitted to be included
in financial statements prepared in accordance with Regulation S-X under the Securities Act during such Measurement Period; plus

(11)       acquisition,
integration and divestiture costs, and fleet commissioning costs (x) incurred prior to the Effective Date and (y) such costs in
an aggregate amount, solely in respect of this subclause (11)(y), not to exceed (i) (x) $10,000,000 during the four Fiscal Quarter
periods ending after the Effective Date and (y) thereafter, $5,000,000 for any Measurement Period (excluding the amounts expended
in reliance upon subclause (11)(y)(i)(x)), or (ii) $25,000,0000 during the term of this Agreement; provided that the amounts
added pursuant to this clause (11)(y) together with any amounts added pursuant to clause (10) above shall not exceed (a) $7,500,000
during the two Fiscal Quarter periods ending after the Effective Date and (b) thereafter, 15.0% of Consolidated EBITDA for such
Measurement Period (prior to giving effect to the addbacks pursuant to this clause (11)(y) and clause (10) above); plus

(12)       any
unusual, non-recurring or extraordinary expenses, losses or charges;

less, without duplication, (i) non-cash income or
gain increasing Consolidated Net Income for such period, excluding any such items to the extent they represent (1) the reversal
in such period of an accrual of, or reserve for, potential cash expense in a prior period, (2) any non-cash gains with respect
to cash actually received in a prior period to the extent such cash did not increase Consolidated Net Income in a prior period
or (3) items representing ordinary course accruals of cash to be received in future periods; plus (ii) any net gain from discontinued
operations or net gains from the disposal of discontinued operations to the extent increasing Consolidated Net Income.

In addition, to the extent not already
included in the Consolidated Net Income of Keane Group, notwithstanding anything to the contrary in the foregoing, Consolidated
EBITDA shall include the amount of net cash proceeds received by or contributed to the Parent and its Restricted Subsidiaries from
business interruption insurance.

    	- 11 -

     

    

“Consolidated Fixed Charge Coverage
Ratio” means, at any date of determination, the ratio of (a) (i) Consolidated EBITDA for the specified period minus
(ii) Capital Expenditures made during such period, minus (iii) the aggregate amount of Federal, state, local and foreign
income taxes paid in cash by the Keane Group during such period to (b) Fixed Charges for such period, in each case, of or by the
Keane Group all as determined on a Consolidated basis in accordance with GAAP.

“Consolidated Interest Charges”
means, for any Measurement Period, the sum of (a) all interest, premium payments, debt discount, fees, charges and related expenses
in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets,
in each case to the extent treated as interest in accordance with GAAP, including, without limitation, all commissions, discounts
and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and net costs under Swap
Contracts or agreements governing hedging obligations, but excluding any non-cash or deferred interest or Swap Contract or hedging
obligation costs and (b) the portion of rent expense with respect to such period under Capital Lease Obligations that is treated
as interest in accordance with GAAP, in each case of or by the Keane Group for the most recently completed Measurement Period,
all as determined on a Consolidated basis in accordance with GAAP.

“Consolidated Net Income”
means, for any Measurement Period, the aggregate of the Net Income of the Keane Group for such period, determined on a Consolidated
basis in accordance with GAAP; provided, however, that:

(1)       any
net after-tax extraordinary, nonrecurring or unusual gains or losses shall be excluded;

(2)       the
Net Income for such period shall not include the cumulative effect of a change in accounting principles during such period;

(3)       any
net after-tax gains or losses (less all fees and expenses or charges relating thereto) attributable to business dispositions or
asset dispositions other than in the ordinary course of business (as determined in good faith by the Lead Borrower) shall be excluded;

(4)       any
net after-tax gains or losses (less all fees and expenses or charges relating thereto) attributable to the early extinguishment
of indebtedness shall be excluded;

(5)       the
Net Income for such period of any Person that is not a Subsidiary of such Person, or is an Unrestricted Subsidiary, or that is
accounted for by the equity method of accounting, shall be included only to the extent of the amount of dividends or distributions
or other payments paid in cash (or to the extent converted into cash) to the referent Person or a Restricted Subsidiary thereof
in respect of such period;

(6)       (a) the
non-cash portion of “straight-line” rent expense shall be excluded and (b) the cash portion of “straight-line”
rent expense which exceeds the amount expensed in respect of such rent expense shall be included;

(7)       unrealized
gains and losses relating to hedging transactions and mark-to-market of Indebtedness denominated in foreign currencies resulting
from the application of ASC 830 shall be excluded;

(8)       the
income (or loss) of any non-consolidated entity during such Measurement Period in which any other Person has a joint interest shall
be excluded, except to the extent of the amount of cash dividends or other distributions actually
paid in cash to any of the Keane Group during such period; and

    	- 12 -

     

    

(9)       the
income (or loss) of a Subsidiary during such Measurement Period and accrued prior to the date it becomes a Subsidiary of any of
the Keane Group or is merged into or consolidated with any of the Keane Group or that Person’s assets are acquired by any
of the Keane Group shall be excluded.

“Consolidated Non-cash Charges”
means, with respect to the Keane Group for any period, the aggregate depreciation, amortization, impairment, compensation, rent
and other non-cash expenses of such Person and its Subsidiaries reducing Consolidated Net Income of such Person for such period
on a consolidated basis and otherwise determined in accordance with GAAP (including non-cash charges resulting from purchase accounting
in connection with the Trican Transaction or with any Acquisition or Disposition that is consummated after the Effective Date),
but excluding (a) any such charge which consists of or requires an accrual of, or cash reserve for, anticipated cash charges
for any future period and (b) the non-cash impact of recording the change in fair value of any embedded derivatives under
ASC 815 and related interpretations as a result of the terms of any agreement or instrument to which such Consolidated Non-cash
Charges relate.

“Consolidated Taxes”
means, with respect to the Keane Group on a consolidated basis for any period, provision for taxes based on income, profits or
capital, including, without limitation, state franchise and similar taxes.

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

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

“Contribution Indebtedness”
means Indebtedness, Disqualified Stock or Preferred Stock of the Parent or any of its Subsidiaries in an aggregate principal amount
not greater than the aggregate amount of cash contributions made to the capital of the Parent, provided that:

(1)        such
Contribution Indebtedness shall be Indebtedness with a stated maturity later than the stated maturity of the Committed Loans at
such time, and

(2)        such
Contribution Indebtedness (a) is incurred within 210 days after the making of such cash contributions and (b) is so designated
as Contribution Indebtedness.

“Convert,” “Conversion”
and “Converted” each refers to a conversion of Committed Loans of one Type into Committed Loans of the other
Type.

“Corrective Extension Amendment”
has the meaning specified in Section 2.16(e).

“Cost” means the lower
of cost (on a first-in, first-out basis) or market value of Inventory, based upon the Borrowers’ accounting practices used
in preparation of the Parent’s financial statements, which practices are in effect on the Effective Date (or as may be modified
in accordance with changes in GAAP or industry standard). “Cost” does not include inventory capitalization costs or
other non-purchase price charges (such as freight) used in the Borrowers’ calculation of cost of goods sold.

    	- 13 -

     

    

“Covenant Trigger Event”
means any of the following events: (a) the occurrence and continuance of any Event of Default, (b) if no Loan or Letter of Credit
(other than any Letter of Credit that has been Cash Collateralized) is outstanding, Liquidity is less than the greater of (i) 15%
of the Loan Cap and (ii) $17,500,000 at any time or (c) if any Loan or Letter of Credit (other than any Letter of Credit that has
been Cash Collateralized) is outstanding, Excess Availability is less than the greater of (i) 15% of the Loan Cap and (ii) $17,500,000
at any time. For purposes of this Agreement, the occurrence of a Covenant Trigger Event shall be deemed continuing (i) so long
as such Event of Default is continuing and has not been cured or waived, (ii) if the Covenant Trigger Event arises as a result
of clause (b) of the immediately preceding sentence, until the date Liquidity shall have been at least equal to the greater of
(x) 15% of the Loan Cap and (y) $17,500,000 for thirty (30) consecutive days and/or (iii) if the Covenant Trigger Event arises
as a result of clause (c) of the immediately preceding sentence, until the date Excess Availability shall have been at least equal
to the greater of (x) 15% of the Loan Cap and (y) $17,500,000 for thirty (30) consecutive days, in which case a Covenant Trigger
Event shall no longer be deemed to be continuing for purposes of this Agreement. The termination of a Covenant Trigger Event as
provided herein shall in no way limit, waive or delay the occurrence of a subsequent Covenant Trigger Event in the event that the
conditions set forth in this definition again arise.

“Credit Extensions”
mean each of the following: (a) a Borrowing and (b) an L/C Credit Extension.

“Credit Party” or
“Credit Parties” means (a) individually, (i) each Lender and its Affiliates which provide Bank Products or Cash
Management Services to the Loan Parties or any of their Subsidiaries, (ii) each Agent, (iii) each L/C Issuer, (iv) each Arranger,
(v) each beneficiary of each indemnification obligation undertaken by any Loan Party under any Loan Document, Bank Product or Cash
Management Service, (vi) any other Person to whom Obligations under this Agreement and other Loan Documents are owing, and (vii)
the successors and assigns of each of the foregoing, and (b) collectively, all of the foregoing.

“Cure Amount” has
the meaning specified in Section 8.04(a).

“Cure Expiration Date”
has the meaning provided in Section 8.04(a).

“Cure Right” has the
meaning provided in Section 8.04(a).

“Customer” means the
account debtor with respect to any Account and/or the prospective purchaser of goods, services or both with respect to any contract
or contract right, and/or any party who enters into or proposes to enter into any contract or other arrangement with any Loan Party,
pursuant to which such Loan Party is to deliver any personal property or perform any services.

“DDA” means each checking,
savings or other demand deposit account maintained by any of the Loan Parties. All funds in each DDA shall be conclusively presumed
to be Collateral and proceeds of Collateral and the Agents and the Lenders shall have no duty to inquire as to the source of the
amounts on deposit in any DDA.

“Debtor Relief Laws”
means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit
of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United
States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

“Default” means any
event or condition that, with the giving of any notice or passage of time or both would constitute an Event of Default.

    	- 14 -

     

    

“Default Rate” means
an interest rate equal to (a) the Base Rate plus (b) the Applicable Margin, if any, applicable to Base Rate Loans, plus
(c) 2% per annum; provided, however, that with respect to a LIBOR Rate Loan, the Default Rate shall be an interest
rate equal to the interest rate (including any Applicable Margin) otherwise applicable to such Loan plus 2% per annum.

“Defaulting Lender”
means, subject to Section 9.16(f), any Lender that, as determined by the Administrative Agent, (a) has failed to (i) fund any portion
of the Committed Loans within two Business Days of the date required to be funded by it hereunder unless such Lender notifies the
Administrative Agent and the Lead Borrower 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) fund participations in L/C Obligations or participations
in Swing Line Loans required to be funded by it hereunder within two Business Days of the date required to be funded by it hereunder
(other than as a result of a good faith dispute), (b) has notified any Borrower or the Administrative Agent that it does not intend
to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder
(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) or generally
under other agreements in which it commits to extend credit, (c) has otherwise failed to pay over to the Administrative Agent,
any L/C Issuer or any Lender any other amount required to be paid by it hereunder within two Business Days of the date when due
(other than as a result of a good faith dispute), or (d) has, or has a direct or indirect parent company that has, (i) become the
subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for the
benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for
it, (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or
appointment or (iv) become the subject of a Bail-In Action; 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.

“Designated Acquisition”
means any Acquisition that is not, in accordance with the agreement governing such Acquisition, subject to a financing contingency
and that has been designated by the Lead Borrower in writing to the Agent as a “Designated Acquisition” which designation
shall include a description of any Indebtedness (the “Designated Indebtedness”) expected to be incurred to finance
such Designated Acquisition.

“Designated
Jurisdiction” means any country or territory to the extent that such country or territory itself is the subject or target
of comprehensive Sanctions.

“Designated Senior Agent”
means (a) the Existing NPA Agent or (b) any agent to any other Designated Senior Indebtedness.

“Designated Senior Priority
Collateral” has the meaning assigned to the term "Pari Note Debt Priority Collateral" in the Intercreditor
Agreement and any similar term in any Intercreditor Agreement entered into after the Effective Date.

“Designated
Senior Indebtedness” means (a) the Existing NPA Debt and any Permitted Refinancing thereof and (b) on and after the repayment
in full of the Indebtedness described in clause (a), Indebtedness on terms (other than any terms described in the following clauses
(i), (ii), (iii) and (iv) so long as the conditions set forth in such clauses are satisfied) reasonably satisfactory to the
Administrative Agent and the Arrangers that (i) shall mature no earlier than the six-month 

    	- 15 -

     

    

anniversary of the Maturity Date,
(ii) shall not require annual amortization payments in excess of 10% of the aggregate original principal amount of such
Indebtedness, (iii) shall not have cross-defaults to Section 7.14, and (iv) the aggregate outstanding principal amount of
which shall not exceed the sum of (A) $150,000,000 plus (B) an additional principal amount equal to $150,000,000 plus (C) an
unlimited amount subject to (x) Consolidated EBITDA for the four fiscal quarter period occurring immediately prior thereto
being in excess of $75,000,000 and (y) immediately after giving pro forma effect thereto and to the use of proceeds thereof,
the Fixed Charge Coverage Ratio shall be at least 1.0:1.0, and any Permitted Refinancings thereof.

“Disqualified Institution”
means any Person (a) that has been separately identified in writing by the Lead Borrower to the Administrative Agent prior to the
date of this Agreement, (b) competitors of the Parent and its Subsidiaries that are separately identified in writing by the Lead
Borrower to the Administrative Agent from time to time (which list of competitors may be supplemented by the Lead Borrower from
time to time pursuant to a written notice to the Administrative Agent), and (c) in the case of each of clauses (a) and (b), any
such Person’s their Affiliates that are either (x) identified in writing by the Lead Borrower to the Administrative
Agent from time to time or (y) readily identifiable on the basis of such Affiliate’s name.

“Disposition” or “Dispose”
means the sale, transfer, assignment, exclusive license, lease or other disposition (including any sale and leaseback transaction)
(whether in one transaction or in a series of transactions) of any property by any Person, including (i) any sale, assignment,
transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith
and (ii) any sale, transfer, assignment, or other disposition of any Equity Interests of another Person, but, for the avoidance
of doubt, not the issuance by such Person of its Equity Interests.

“Disqualified Stock”
means any Equity Interest that, by its terms (or by the terms of any security into which it is convertible, or for which it is
exchangeable, in each case at the option of the holder thereof), or upon the happening of any event, matures or is mandatorily
redeemable (other than solely for Equity Interests that do not constitute Disqualified Stock), pursuant to a sinking fund obligation
or otherwise, or redeemable (other than solely for Equity Interests that do not constitute Disqualified Stock) at the option of
the holder thereof, in whole or in part, in each case, on or prior to the date that is 91 days after the date set forth in clause
(a) of the definition of Maturity Date; provided, however, that (a) only the portion of such Equity Interests which
so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof
prior to such date shall be deemed to be Disqualified Stock and (b) with respect to any Equity Interests issued to any employee
or to any plan for the benefit of employees of the Parent or its Subsidiaries or by any such plan to such employees, such Equity
Interest shall not constitute Disqualified Stock solely because it may be required to be repurchased by the Parent or its Subsidiaries
in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, resignation,
death or disability and if any class of Equity Interest of such Person by its terms authorizes such Person to satisfy its obligations
thereunder by delivery of an Equity Interest that is not Disqualified Stock, such Equity Interests shall not be deemed to be Disqualified
Stock. Notwithstanding the preceding sentence, any Equity Interest that would constitute Disqualified Stock solely because the
holders thereof have the right to require the Parent or its Subsidiaries to repurchase such Equity Interest upon the occurrence
of a change of control or an asset sale shall not constitute Disqualified Stock.

“Dollars” and “$”
mean lawful money of the United States.

“Domestic
Subsidiary” means any Subsidiary of a Borrower that is organized under the Laws of the United States, any state thereof
or the District of Columbia.

    	- 16 -

     

    

“Dominion Trigger Event”
means any of the following events: (a) the occurrence and continuance of any Event of Default, (b) if no Loan or Letter of Credit
(other than any Letter of Credit that has been Cash Collateralized) is outstanding, Liquidity is less than the greater of (x) 15.0%
of the Loan Cap and (y) $17,500,000, or (c) if any Loan or Letter of Credit (other than any Letter of Credit that has been Cash
Collateralized) is outstanding, Excess Availability is less than the greater of (x) 15.0% of the Loan Cap and (y) $17,500,000,
in the case of each of clauses (a), (b) and (c), for five (5) consecutive Business Days. For purposes of this Agreement, the occurrence
of a Dominion Trigger Event shall be deemed continuing (i) so long as such Event of Default is continuing and has not been cured
or waived, (ii) if the Dominion Trigger Event arises as a result of clause (b) of the immediately preceding sentence, until the
date Liquidity shall have been at least equal to the greater of (x) 15.0% of the Loan Cap and (y) $17,500,000, and/or (iii) if
the Dominion Trigger Event arises as a result of clause (c) of the immediately preceding sentence, until the date Excess Availability
shall have been at least equal to the greater of (x) 15.0% of the Loan Cap and (y) $17,500,000, in the case of each of clauses
(i), (ii) and (iii), for thirty (30) consecutive days, in which case a Dominion Trigger Event shall no longer be deemed to be continuing
for purposes of this Agreement. The termination of a Dominion Trigger Event as provided herein shall in no way limit, waive or
delay the occurrence of a subsequent Dominion Trigger Event in the event that the conditions set forth in this definition again
arise.

“Earn-Out Obligations”
means, with respect to any Acquisition, all obligations of any Loan Party or any Subsidiary thereof to make any cash earn-out payment,
performance payment or similar obligation that is payable only in the event certain future performance goals are achieved with
respect to the assets or business acquired pursuant to the documentation relating to such Acquisition, but excluding any working
capital adjustments, indemnity obligations or payments for services or licenses provided by such sellers in such Acquisition.

“EEA Financial
Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject
to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an
institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which
is a Subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision
with its parent.

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

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

“Effective Date” means
the date on which the conditions precedent set forth in Section 4.01 of this Agreement are satisfied or waived.

“Eligible Assignee”
means, subject to Section 10.06(b) hereof, (a) a Credit Party or any of its Affiliates; (b) a bank, insurance company, or entity
engaged in the business of making commercial loans, which Person, together with its Affiliates, has a combined capital and surplus
in excess of $250,000,000; (c) an Approved Fund; (d) any Person to whom a Credit Party assigns its rights and obligations under
this Agreement as part of an assignment and transfer of such Credit Party’s rights in and to a material portion of such Credit
Party’s portfolio of asset based credit facilities, and (e) any other Person (other than a natural person) approved by the
Administrative Agent, provided that notwithstanding the foregoing, “Eligible Assignee” shall not include a Loan
Party, any of the Loan Parties’ Affiliates or Subsidiaries or any Disqualified Institution, provided further that
the Administrative Agent shall have the right, and the Lead Borrower hereby expressly 

    	- 17 -

     

    

authorizes the Administrative
Agent, to provide the list of Disqualified Institutions to any Lender upon request by such Lender, provided further that,
notwithstanding the foregoing, Sponsor Affiliated Lenders may hold up to ten percent (10%) of the Aggregate Commitments and of
the Obligations.

“Eligible
Billed Accounts” means with respect to each Loan Party, each Account of such Loan Party arising in the ordinary course
of business and which the Collateral Agent, in its judgment, exercised in its Permitted Discretion, shall not deem to be excluded
as ineligible. An Account shall not be eligible unless such Account is subject to the Collateral Agent’s first priority perfected
security interest and no other Lien (other than Permitted Encumbrances), and is evidenced by an invoice or other documentary evidence
satisfactory to the Collateral Agent in its Permitted Discretion. In addition, no Account shall be an Eligible Billed Account if:

(a)       it
arises out of a sale made by any Loan Party to an Affiliate of any Loan Party or to a Person controlled by an Affiliate of any
Loan Party;

(b)       it
is due and unpaid more than sixty (60) days after the due date or ninety (90) days after the original invoice date;

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

(d)       any
representation or warranty contained in this Agreement with respect to such Account has been breached in any material respect,
or any covenant contained in this Agreement with respect to such Accounts has been breached and the resultant Event of Default
has not been waived;

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

(f)       the
sale is to a Customer located outside the continental United States of America, unless the sale is on letter of credit, guaranty
or acceptance terms, in each case acceptable to the Collateral Agent in its Permitted Discretion;

(g)       the
sale to the Customer is on a bill-and-hold, guaranteed sale, sale-and-return, sale on approval, consignment or any other repurchase
or return basis or is evidenced by chattel paper with respect to which the Collateral Agent does not have a perfected first priority
security interest;

(h)       the
Customer is the United States of America, any state or any department, agency or instrumentality of any of them, unless the applicable
Borrower assigns its right to payment of such Account to the Administrative Agent pursuant to the Assignment of Claims Act of 1940,
as amended (31 U.S.C. Sub-Section 3727 et seq. and 41 U.S.C. Sub-Section 15 et seq.) or has otherwise complied with other applicable
statutes or ordinances, but only to the extent the aggregate amount of all such Accounts not subject to such assignment pursuant
to this clause (h) and all Eligible Unbilled Accounts not subject to such assignment pursuant
to clause (i) of the definition of “Eligible Unbilled Accounts” exceeds $3,000,000 as of any date of determination;

    	- 18 -

     

    

(i)       the
goods giving rise to such Account have not been delivered to and accepted by the Customer or the services giving rise to such Account
have not been performed by the applicable Loan Party or accepted by the Customer or the Account otherwise does not represent a
final sale;

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

(k)       the
Account is subject to any offset, deduction, defense, dispute, or counterclaim (to the extent of such offset, deduction, defense,
dispute or counterclaim), or the Customer is also a creditor or supplier of a Loan Party (to the extent of any amounts owed by
such Borrower to such Customer as a creditor or supplier), or the obligations of the Customer to make payment with respect to such
Account is otherwise contingent, unliquidated or unfixed (but only to the extent of such contingency);

(l)       the
applicable Loan Party has made any agreement with the applicable Customer for any deduction therefrom for prompt payment, except
for (x) discounts or allowances made in the ordinary course of business, all of which discounts or allowances are reflected in
the calculation of the face value of each respective invoice related thereto or (y) any such deduction, only to the extent the
maximum potential amount of such deduction against the applicable Account is reflected in the calculation of the Borrowing Base;

(m)       any
return, rejection or repossession of the merchandise has occurred or the rendition of services has been disputed;

(n)       such
Account is payable by a Loan Party;

(o)       such
Account is not otherwise satisfactory to the Collateral Agent as determined by the Collateral Agent in the exercise of its Permitted
Discretion; or

(p)       when
aggregated with other Accounts owing by any such Customer, it exceeds (i) with respect to any such Customer that is rated (or whose
parent is rated) at least Baa3 by Moody’s or BBB- by Standard and Poor’s, 35% of the aggregate Eligible Billed Accounts
and Eligible Unbilled Accounts, (ii) with respect to Chevron Corporation, Exxon Mobil Corporation or Royal Dutch Shell plc, 45%
of the aggregate Eligible Billed Accounts and Eligible Unbilled Accounts or (iii) with respect to any other such Customer, 20%
of the aggregate Eligible Billed Accounts and Eligible Unbilled Accounts; provided that, any such Account shall only be excluded
to the extent of such excess.

“Eligible Frac Iron”
means, with respect to each Loan Party, all Frac Iron awaiting deployment for service which the Collateral Agent, in its judgment,
exercised in its Permitted Discretion, shall not deem ineligible Equipment, based on such considerations as the Collateral Agent
may from time to time deem appropriate. In addition, Frac Iron shall not be Eligible Frac Iron if it (a) is not subject to a perfected,
first priority security interest in favor of the Collateral Agent and no other Lien (other than a Permitted Encumbrance), (b) does
not conform to all standards imposed by any Governmental Authority which has regulatory authority over such goods or the use or
sale thereof, (c) is in transit, other than such Equipment that is in transit (i) between locations of the Loan Parties or (ii)
from a vendor located in the United States to a Loan Party, so long as title to such in transit Equipment has passed to such Loan
Party, (d) is located outside the continental 

    	- 19 -

     

    

United States or at a location that is not otherwise in
compliance with this Agreement; (e) is situated at a location not owned by a Loan Party unless the owner or occupier of such
location has executed in favor of the Collateral Agent a Collateral Access Agreement or the rent of such location is subject
to an Availability Reserve, other than such Equipment temporarily stored at a Customer location in connection with the
providing of services to such Customer or (f) is mounted or attached to a motor vehicle.

“Eligible Inventory”
means, with respect to each Loan Party, all Inventory (excluding work in progress) of such Loan Party which the Collateral Agent,
in its judgment, exercised in its Permitted Discretion, shall not deem to be obsolete, slow moving or unmerchantable and which
the Collateral Agent, in its judgment, exercised in its Permitted Discretion, shall not deem ineligible Inventory, based on such
considerations as the Collateral Agent may from time to time deem appropriate. In addition, Inventory shall not be Eligible Inventory
if it (a) is not subject to a perfected, first priority security interest in favor of the Collateral Agent and no other Lien (other
than a Permitted Encumbrance), (b) does not conform to all standards imposed by any Governmental Authority which has regulatory
authority over such goods or the use or sale thereof, (c) is in transit, other than Inventory that is in transit (i) between locations
of the Loan Parties or (ii) from a vendor located in the United States to a Loan Party, so long as title to such in transit Inventory
has passed to such Loan Party, (d) is located outside the continental United States or at a location that is not otherwise in compliance
with this Agreement, (e) constitutes Consigned Inventory, or (f) is situated at a location not owned by a Loan Party unless the
owner or occupier of such location has executed in favor of the Collateral Agent a Collateral Access Agreement or the rent of such
location is subject to an Availability Reserve, other than, at any time when Excess Availability is equal to or exceeds $17,500,000,
Inventory temporarily stored at a Customer location in connection with the providing of services to such Customer in an aggregate
amount not exceeding $2,500,000.

“Eligible
Unbilled Accounts” means, with respect to each Loan Party, each Account (other than an Eligible Billed Account) of such
Loan Party arising in the ordinary course of business and which the Collateral Agent, in its judgment, exercised in its Permitted
Discretion, shall not deem to be excluded as ineligible. An Account shall not be eligible unless such Account is subject to the
Collateral Agent’s first priority perfected security interest and no other Lien (other than Permitted Encumbrances). In addition,
no Account shall be an Eligible Unbilled Account if:

(a)       it
arises out of a sale made by any Loan Party to an Affiliate of any Loan Party or to a Person controlled by an Affiliate of any
Loan Party;

(b)       more
than twenty (20) days have elapsed from the date on which the goods or services to which such Account related was delivered or
performed;

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

(d)       any
representation or warranty contained in this Agreement with respect to such Account has been breached in any material respect,
or any covenant contained in this Agreement with respect to such Accounts has been breached and the resultant Event of Default
has not been waived;

(e)       the
Customer shall (i) apply for, suffer, or consent to the appointment of, or the taking of possession by, a receiver,
custodian, trustee or liquidator of itself or of all or a substantial part of its property, (ii) admit in writing its
inability, or be generally unable, to pay its debts as they become due or cease operations of its present business, (iii)
make a general assignment for the benefit of creditors, (iv) commence a voluntary case or proceeding under any state or
federal bankruptcy laws (as now or hereafter in effect), (v) be adjudicated a bankrupt
or insolvent, 

    	- 20 -

     

    

 

(vi) file a petition seeking to take advantage of any other law providing for the relief of debtors, (vii) acquiesce
to, or fail to have dismissed, any petition which is filed against it in any involuntary case under such bankruptcy laws, or (viii)
take any action for the purpose of effecting any of the foregoing;

(f)       the
sale is to a Customer located outside the continental United States of America, unless the sale is on letter of credit, guaranty
or acceptance terms, in each case acceptable to the Collateral Agent in its Permitted Discretion;

(g)       the
sale to the Customer is on a bill-and-hold, guaranteed sale, sale-and-return, sale on approval, consignment or any other repurchase
or return basis or is evidenced by chattel paper with respect to which the Collateral Agent does not have a perfected first priority
security interest;

(h)       the
Administrative Agent believes, in its Permitted Discretion, that collection of such Account is insecure or that such Account may
not be paid, in either case by reason of the Customer’s financial inability to pay;

(i)       the
Customer is the United States of America, any state or any department, agency or instrumentality of any of them, unless the applicable
Borrower assigns its right to payment of such Account to the Administrative Agent pursuant to the Assignment of Claims Act of 1940,
as amended (31 U.S.C. Sub-Section 3727 et seq. and 41 U.S.C. Sub-Section 15 et seq.) or has otherwise complied with other applicable
statutes or ordinances, but only to the extent the aggregate amount of all such Accounts not subject to such assignment pursuant
to this clause (i) and all Eligible Billed Accounts not subject to such assignment pursuant to clause (h) of the definition of
“Eligible Billed Accounts” exceeds $3,000,000 as of any date of determination;

(j)       the
goods giving rise to such Account have not been delivered to and accepted by the Customer or the services giving rise to such Account
have not been performed by the applicable Loan Party or accepted by the Customer, except in the ordinary course of business, or
the Account otherwise does not represent a final sale;

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

(l)       the
Account is subject to any offset, deduction, defense, dispute, or counterclaim (to the extent of such offset, deduction, defense,
dispute or counterclaim), except in the ordinary course of business, or the Customer is also a creditor or supplier of a Loan Party
(to the extent of any amounts owed by such Borrower to such Customer as a creditor or supplier), or the obligations of the Customer
to make payment with respect to such Account is otherwise contingent, unliquidated or unfixed (but only to the extent of such contingency);

(m)       the
applicable Loan Party has made any agreement with the applicable Customer for any deduction therefrom for prompt payment, except
for (x) discounts or allowances made in the ordinary course of business, all of which discounts or allowances are reflected in
the calculation of the amount of the applicable Account related thereto or (y) any such deduction, only to the extent the maximum
potential amount of such deduction against the applicable Account is reflected in the calculation of the Borrowing Base;

(n)       any
return, rejection or repossession of the merchandise has occurred or the rendition of services has been disputed, other than in
the ordinary course of business;

    	- 21 -

     

    

(o)       such
Account is payable by a Loan Party;

(p)       such
Account is not otherwise satisfactory to the Collateral Agent as determined by the Collateral Agent in the exercise of its Permitted
Discretion; or

(q)       when
aggregated with other Accounts owing by any such Customer, it exceeds (i) with respect to any such Customer that is rated (or whose
parent is rated) at least Baa3 by Moody’s or BBB- by Standard and Poor’s, 35% of the aggregate Eligible Billed Accounts
and Eligible Unbilled Accounts, (ii) with respect to Chevron Corporation, Exxon Mobil Corporation or Royal Dutch Shell plc, 45%
of the aggregate Eligible Billed Accounts and Eligible Unbilled Accounts or (iii) with respect to any other such Customer, 20%
of the aggregate Eligible Billed Accounts and Eligible Unbilled Accounts; provided that, any such Account shall only be excluded
to the extent of such excess.

“Environment” shall mean
ambient air, indoor air, surface water, groundwater, drinking water, land surface, sediments, and subsurface strata & natural
resources such as wetlands, flora and fauna.

 

“Environmental Laws”
means any and all applicable Federal, state, local, and foreign statutes, laws, rule of common law, regulations, ordinances, rules,
judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating
to pollution, the protection of the environment or the release of any materials into the Environment, including those related to
Hazardous Materials, air emissions and waste water discharges.

“Environmental Liability”
means any liability, obligation, damage, loss, claim, action, suit, judgment, order, fine, penalty, fee, expense, or cost, contingent
or otherwise (including any liability for damages, natural resource damages, costs of environmental remediation, regulatory oversight
fees, fines, penalties or indemnities), of any Loan Party or any of their respective Subsidiaries resulting from or based upon
(a) any actual or alleged violation of any Environmental Law, (b) the generation, use, handling, transportation, storage or treatment
of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the Release or threatened Release of any Hazardous Materials
into the Environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed
with respect to any of the foregoing.

“Equipment” has the
meaning set forth in the UCC.

“Equity Interests”
means, with respect to any Person, all of the shares of capital stock of (or other ownership interests in) such Person, all of
the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other
ownership interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or
other ownership interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such
shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member
or trust interests therein), whether voting or nonvoting.

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

“ERISA Affiliate”
means any trade or business (whether or not incorporated) under common control with the Parent within the meaning of Section 414(b)
or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code).

“ERISA Event” means
(a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by the Parent or any ERISA Affiliate from a Pension Plan
subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of
ERISA) or a cessation of operations that is treated as such

    	- 22 -

     

    

 a withdrawal under Section
4062(e) of ERISA; (c) a complete or partial withdrawal by a Borrower or any ERISA Affiliate from a Multiemployer Plan or notification
that a Multiemployer Plan is insolvent or in reorganization (within the meaning of Title IV of ERISA); (d) the filing of a notice
of intent to terminate, the treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement
of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition which constitutes grounds
under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer
Plan; (f) with respect to a Pension Plan, a failure to satisfy the minimum funding standard under Section 412 of the Code or Section
302 of ERISA, whether or not waived, a failure to make by its due date a required installment under Section 430(j) of the Code
with respect to a Pension Plan or a failure to make a required contribution to a Multiemployer Plan; (g) a determination that a
Pension Plan is, or is expected to be, in “at-risk” status (as defined in Section 430(i)(4) of the Code or Section
303(i)(4) of ERISA); or (h) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent
under Section 4007 of ERISA, upon a Borrower or any ERISA Affiliate.

“Event
of Default” has the meaning specified in Section 8.01. An Event of Default shall be deemed to be continuing unless and
until that Event of Default has been duly waived as provided in Section 10.01 hereof or cured with the consent of the Required
Lenders.

“Excess Availability”
means, as of any date of determination thereof by the Administrative Agent, the result, if a positive number, of:

(a)       the
Loan Cap minus

(b)       the
Total Outstandings.

“Excess Availability Condition”
means, at the time of determination with respect to any Disposition, that (a) no Event of Default then exists or would arise as
a result of such Disposition, (b) if no Loan or Letter of Credit (other than any Letter of Credit that has been Cash Collateralized)
is outstanding, before and after giving pro forma effect to such Disposition, Liquidity will be, and shall have been for the previous
90 days, equal to or greater than the greater of (x) twenty-two and a half percent (22.5%) of the Loan Cap and (y) $30,000,000,
(c) if no Loan or Letter of Credit (other than any Letter of Credit that has been Cash Collateralized) is outstanding, after giving
effect to such Disposition, Liquidity is projected to be equal to or greater than the greater of (x) twenty-two and a half percent
(22.5%) of the Loan Cap, for the following two Fiscal Quarters and (y) $30,000,000, (d) if any Loan or Letter of Credit (other
than any Letter of Credit that has been Cash Collateralized) is outstanding, before and after giving pro forma effect to such Disposition,
Excess Availability will be, and shall have been for the previous 90 days, equal to or greater than the greater of (x) twenty-two
and a half percent (22.5%) of the Loan Cap and (y) $30,000,000, and (e) if any Loan or Letter of Credit (other than any Letter
of Credit that has been Cash Collateralized) is outstanding, after giving effect to such Disposition, Excess Availability is projected
to be equal to or greater than the greater of (x) twenty-two and a half percent (22.5%) of the Loan Cap and (y) $30,000,000, for
the following two Fiscal Quarters. Prior to undertaking any transaction which is subject to the Excess Availability Condition,
the Loan Parties shall deliver to the Administrative Agent an officer’s certificate (i) confirming that no Event of Default
then exists or would arise as a result of entering into such transaction or the making of such payment and (ii) setting forth calculations
showing satisfaction of the conditions contained in clause (b), (c), (d) and (e) above, as applicable (which, with respect to projected
Liquidity or Excess Availability, shall be on a basis (including, without limitation, giving due consideration to results for prior
periods) reasonably satisfactory to the Administrative Agent).

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

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“Excluded Contributions”
means the net cash proceeds, property or assets received by the Loan Parties or their respective Restricted Subsidiaries from contributions
to, or the issuance or other sale of, the common equity capital of any Loan Party (other than proceeds in connection with a Cure
Right).

“Excluded Property”
has the meaning ascribed to such term in the Security Agreement.

“Excluded Subsidiary”
means (a) at the Lead Borrower’s option, any Subsidiary that is not a wholly owned Subsidiary of the Parent, (b) any Captive
Insurance Subsidiary, (c) any Foreign Subsidiary or any Domestic Subsidiary that is a Subsidiary of a Foreign Subsidiary that is
a CFC, (d) any Domestic Subsidiary that is treated as a disregarded entity for U.S. federal income tax purposes and that has no
material assets other than the stock of one or more Foreign Subsidiaries that are CFCs, (e) any not-for-profit Subsidiary, (f)
each Immaterial Subsidiary, (g) any other Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent
and the Lead Borrower, the burden or cost (including any adverse tax consequences) of providing the guarantee shall outweigh the
benefits to be obtained by the Lenders therefrom, (h) each Unrestricted Subsidiary, (i) any Subsidiary (whether existing on or
acquired following the Effective Date) that is prohibited from guaranteeing the Obligations by applicable Law or Contractual Obligations
that are in existence on the Effective Date or at the time of acquisition and not entered into in contemplation thereof or if guaranteeing
the Obligation would require governmental (including regulatory) consent, approval, license or authorization (unless such consent,
approval, license or authorization has been obtained), and (j) any special purpose securitization vehicle (or similar entity);
provided that no Subsidiary that guarantees any Designated Senior Indebtedness shall be deemed to be an Excluded Subsidiary
at any time such guarantee is in effect.

“Excluded Swap Obligation”
means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the guarantee of such
Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any guarantee thereof)
is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission
(or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute
an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder (determined
after giving to any “keepwell, support or other agreement” for the benefit of such Guarantor and any and all guarantees
of such Guarantor’s Swap Obligations by other Loan Parties) at the time such guarantee or grant of a security interest by
such Guarantor becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing
more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which
such guarantee or security interest is or becomes excluded in accordance with the first sentence of this definition.

“Excluded Taxes”
means, with respect to the Agents, any Lender, any L/C Issuer or any other recipient of any payment to be made by or on
account of any obligation of any Loan Party hereunder or under any other Loan Document, (a) taxes imposed on or measured by
such recipient’s net income (however denominated), franchise taxes and branch profits taxes, in each case imposed by a
jurisdiction as a result of such recipient being organized or having its principal office located in or, in the case of any
Lender, having its applicable Lending Office located in, such jurisdiction or as a result of any other present or former
connection between such recipient and such jurisdiction (other than a connection arising from such recipient having executed,
delivered, become a party to, performed its obligations under, received payments under, received or perfected a security
interest under, engaged in any other transaction pursuant to, and/or enforced, any Loan Documents, or sold or assigned any
interest in any Loan, Letter of Credit or Loan Document), (b) in the case of a Lender (other than any Lender becoming a party
hereto pursuant to a request by any Loan Party under Section 10.13), any U.S. federal withholding tax that is imposed on
amounts payable to such Lender pursuant to a law in effect at the time such Lender becomes a party hereto (or designates a
new Lending Office), except to the extent that such Lender (or its assignor, if any) was entitled, immediately prior to the designation
of a new Lending Office (or assignment), 

    	- 24 -

     

    

 

to receive additional amounts from the Loan Parties with respect to such withholding tax
pursuant to Section 3.01, (c) any taxes attributable to such Lender’s failure to comply with Section 3.01(e), (d) any U.S.
federal withholding taxes imposed under FATCA and (e) any U.S. federal backup withholding taxes under section 3406 of the Code.

“Existing Class” has
the meaning provided in Section 2.16(a).

“Existing Commitment”
has the meaning provided in Section 2.16(a).

“Existing ABL Credit Agreement”
means that certain Amended and Restated Revolving Credit and Security Agreement, dated August 8, 2014, by and among KGH Intermediate
Holdco I, LLC, KGH Intermediate Holdco II, LLC, Keane Frac, LP, KS Drilling, LLC, Keane Frac ND, LLC, Keane Frac TX, LLC, and PNC
Bank, National Association, as Agent (as defined therein) for certain lenders, as amended by that certain (a) First Amendment to
Amended and Restated Revolving Credit and Security Agreement, dated as of December 22, 2014, (b) Second Amendment to Amended and
Restated Revolving Credit and Security Agreement, dated as of April 7, 2015, and (c) Third Amendment to Amended and Restated Revolving
Credit and Security Agreement, dated as of March 16, 2016.

“Existing Credit Agreements”
means the Existing ABL Credit Agreement and the Existing Term Loan Credit Agreement.

“Existing Letters of Credit”
has the meaning provided in Section 2.03(a)(vi).

“Existing Loans” has
the meaning provided in Section 2.16(a).

“Existing Note Purchase Agreement”
means that certain note purchase agreement dated August 8, 2014, by and among, KGH Intermediate Holdco I, LLC, KGH Intermediate
Holdco II, LLC, the subsidiary guarantors party thereto, the purchasers party thereto, and the NPA Agent, as amended by that certain
(a) First Amendment to Note Purchase Agreement, dated as of December 23, 2014, (b) Second Amendment to Note Purchase Agreement,
dated as of April 7, 2015, (c) Third Amendment to Note Purchase Agreement, dated as of January 25, 2016, (d) Fourth Amendment to
Note Purchase Agreement, dated as of March 16, 2016, (e) Fifth Amendment to Note Purchase Agreement, dated as of January 25, 2017,
and (f) Sixth Amendment to Note Purchase Agreement, dated as of February 17, 2017.

“Existing NPA Debt”
means the Indebtedness under the Existing Note Purchase Agreement.

“Existing NPA Maturity Date”
means earliest date set forth in the definition of the “Maturity Date” as defined in the Existing Note Purchase Agreement.

“Existing Term Loan Credit Agreement”
means that certain credit agreement, dated as of March 16, 2016, by and among KGH Intermediate Holdco I, LLC, KGH Intermediate
Holdco II, LLC, Keane Frac, LP, and CLMG Corp., as Administrative Agent (as defined therein) for certain lenders.

“Extended Class” has
the meaning provided in Section 2.16(a).

“Extended Commitments”
has the meaning provided in Section 2.16(a).

“Extended Loans” has
the meaning provided in Section 2.16(a).

“Extending Lender”
has the meaning provided in Section 2.16(b).

    	- 25 -

     

    

“Extension Amendment”
has the meaning provided in Section 2.16(c).

“Extension Date” has
the meaning provided in Section 2.16(d).

“Extension Election”
has the meaning provided in Section 2.16(b).

“Extension Request”
has the meaning provided in Section 2.16(a).

“Extension Series”
means all Extended Loans that are established pursuant to the same Extension Amendment (or any subsequent Extension Amendment to
the extent such Extension Amendment expressly provides that the Extended Loans provided for therein are intended to be a part of
any previously established Extension Series) and that provide for the same interest margins, extension fees, if any, and amortization
schedule.

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

“Facility Guaranty”
means the guarantee made by the Guarantors in favor of the Agents and the other Credit Parties as of the Effective Date in form
of Exhibit I hereto.

“Fair Market Value”
means, with respect to any asset or property, the price which could be negotiated in an arm’s-length, free market transaction,
for cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete
the transaction, as determined by the Lead Borrower in its good faith discretion. Fair Market Value may be (but need not be) conclusively
established by means of an officer’s certificate or resolutions of the Board of Directors of the Lead Borrower setting out
such Fair Market Value as determined by such Officer or such Board of Directors in good faith.

“FATCA” means Sections
1471 through 1474 of the Code as in effect on the Effective Date (and as amended or successor version thereof that is substantively
comparable and not materially more onerous to comply with), any current or future United States Treasury Department regulations
or other official administrative interpretations thereof, any agreements entered into pursuant to Section 1471(b) of the current
Code (or any amended or successor version described above) and any intergovernmental agreements (and any related laws or official
administrative guidance) implementing the foregoing.

“Federal Funds Rate”
means, for any day, the 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 by the Federal Reserve Bank of
New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal
Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next
succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for
such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America
on such day on such transactions as determined by the Administrative Agent; provided further that to the extent the Federal
Funds Rate as determined pursuant to this definition would otherwise be less than zero, then the Federal Funds Rate shall be deemed
to be zero.

“Fee Letter” means
the fee letter, dated as of February 17, 2017, by and among the Lead Borrower, the Administrative Agent and the other parties thereto.

“Fiscal Month” means
any fiscal month of the Parent and its Subsidiaries.

    	- 26 -

     

    

“Fiscal Month Event”
means, at any time six months after the Effective Date, any of the following events: (a) Excess Availability is less than the greater
of (x) seventeen and a half percent (17.5%) of the Loan Cap and (y) $20,000,000, (b) Liquidity is less than $75,000,000 or (c)
the Parent is not in compliance with the minimum Consolidated Fixed Charge Coverage Ratio in Section 7.14 (regardless of the existence
of a Covenant Trigger Event). For purposes of this Agreement, the occurrence of a Fiscal Month Event shall be deemed continuing
until (i) Excess Availability is greater than the greater of (xx) seventeen and a half percent (17.5%) of the Loan Cap and (yy)
$20,000,000, (ii) Liquidity is greater than $75,000,000 and (iii) the Parent is in compliance with the minmum Consolidated Fixed
Charge Coverage Ratio in Section 7.14 (regardless of the existence of a Covenant Trigger Event) for one Fiscal Month period, in
which case a Fiscal Month Event shall no longer be deemed to be continuing for purposes of this Agreement.

“Fiscal Quarter” means
any fiscal quarter of the Parent and its Subsidiaries.

“Fiscal Year” means
the fiscal year of the Parent and its Subsidiaries ending on December 31st of each calendar year.

“Fixed Charges” means
for any Measurement Period, the sum of (a) Consolidated Interest Charges paid in cash or required to be paid in cash for such Measurement
Period (net of interest income for such Measurement Period), plus (b) the scheduled principal payments required to be made
in cash on account of Indebtedness (excluding the Obligations, and any Synthetic Lease Obligations, but including, without limitation,
the principal portion of scheduled payments of Capital Lease Obligations) for such Measurement Period, plus (c) the
aggregate amount of all regularly scheduled Restricted Payments paid in cash by the Parent during such Measurement Period (other
than, solely for the purpose of measuring the Consolidated Fixed Charge Coverage Ratio under Section 7.14, in reliance on Section
7.06(e)), in each case of clauses (a) and (b) determined on a Consolidated basis for the Parent in accordance with GAAP. 

“Foreign Lender” means
any Lender that is not a “United States person” as defined in Section 7701(a)(30) of the Code.

“Foreign Subsidiary”
means any Subsidiary of a Borrower which is not a Domestic Subsidiary.

“Frac Iron” means
all Equipment constituting new and unused “fluid ends”.

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

“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, bonds and similar extensions of credit in the ordinary course of its business.

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

“Governmental Authority”
means any nation or government, any state, county, provincial, municipal, local or other political subdivision thereof, any central
bank (or similar monetary or regulatory authority) thereof, and any agency, authority or instrumentality (including any bilateral
or multilateral agency authority or instrumentality formed by treaty) exercising executive, legislative, judicial, regulatory, administrative, military, peacekeeping or police
powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European
Central Bank).

    	- 27 -

     

    

“Guarantee” means,
as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing
any Indebtedness payable or performable by another Person (the “primary obligor”) in any manner, whether directly
or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds
for the purchase or payment of) such Indebtedness, (ii) to purchase or lease property, securities or services for the purpose of
assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness, (iii)
to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash
flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness, or (iv) entered into for the purpose
of assuring in any other manner the obligee in respect of such Indebtedness of the payment or performance thereof or to protect
such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness
of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or
otherwise, of any holder of such Indebtedness to obtain any such Lien); provided that the term “Guarantee” shall
not include endorsements of checks, drafts and other items for payment of money for collection or deposit in the ordinary course
of business. The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related
primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum
reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee”
as a verb has a corresponding meaning.

“Guarantor” means
(a) the Parent, (b) each Subsidiary of the Parent existing on the Effective Date that is not a Borrower hereunder (other than an
Excluded Subsidiary), (c) each Borrower, other than with respect to its own Obligations and (d) each other Subsidiary of the Parent
that shall be required to execute and deliver a Facility Guaranty pursuant to Section 6.11 after the Effective Date.

“Hazardous Materials”
means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including
petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious
or medical wastes and all other substances, materials or wastes of any nature which in each case are regulated pursuant to any
Environmental Law.

“Honor Date” has the
meaning provided in Section 2.03(c)(i).

“Immaterial Subsidiary”
means each Restricted Subsidiary designated in writing by the Lead Borrower to the Administrative Agent at any time or from time
to time as an Immaterial Subsidiary, that, as of the last day of the Fiscal Year of the Parent most recently ended or, if organized
or acquired after the end of such Fiscal Year, at the date of designation, had revenues or total assets for such year in an amount
that is less than 2% of the consolidated revenues or total assets, as applicable, of the Parent and its Restricted Subsidiaries
for such year (which, for any Immaterial Subsidiary or proposed Immaterial Subsidiary organized or acquired since such date, shall
be determined on a pro forma basis as if such Subsidiary were in existence or acquired on such date); provided that all
such Immaterial Subsidiaries, taken together, as of the last day of the Fiscal Year of the Parent most recently ended, shall not
have revenues or total assets for such year in an amount that is equal to or greater than 5% of the consolidated revenues or total
assets, as applicable, of the Parent and its Restricted Subsidiaries for such year (which, for any Immaterial Subsidiary or proposed
Immaterial Subsidiary organized or acquired since such date, shall be determined on a pro forma basis as if such Subsidiary were
in existence on such date). Any Restricted Subsidiary that executes a Guarantee of the Obligations
shall not be deemed an Immaterial Subsidiary and shall be excluded from the calculations above.

    	- 28 -

     

    

“Increase Effective Date”
has the meaning provided in Section 2.15(d).

“Increase Joinder”
has the meaning provided in Section 2.15(f).

“Indebtedness” means,
as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities
in accordance with GAAP:

(a)       all
obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements
or other similar instruments;

(b)       the
maximum amount of all direct or contingent obligations of such Person arising under letters of credit (including standby and commercial),
bankers’ acceptances, bank guaranties, surety bonds and similar instruments;

(c)       net
obligations of such Person under any Swap Contract;

(d)       all
obligations of such Person to pay the deferred purchase price of property or services (other than trade payables and similar obligations)
which purchase price is due more than one year after the later of the date of placing the property in service or taking delivery
and title thereto;

(e)       indebtedness
(excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness
arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed
by such Person or is limited in recourse; provided, however, that the amount of such Indebtedness will be the lesser of the Fair
Market Value of such asset at such date of determination, and the amount of such Indebtedness of such other Person;

(f)       all
Attributable Indebtedness of such Person;

(g)       all
obligations of such Person in respect of Disqualified Stock; and

(h)       to
the extent not otherwise included, any obligation of such Person to be liable for, or to pay, as obligor, guarantor or otherwise,
on the Indebtedness of another Person of the type described in clauses (a) through (f) (other than by endorsement of negotiable
instruments for collection in the ordinary course of business).

The amount of any net obligation under any Swap Contract
on any date shall be deemed to be the Swap Termination Value thereof as of such date. The amount of any Indebtedness that has been
defeased or for which funds have been irrevocably deposited with the applicable trustee for redemption shall be deemed to be $0.
Accrual of interest, the accretion of accreted value, the amortization or accretion of original issue discount, the payment of
interest in the form of additional Indebtedness with the same terms, the accretion of liquidation preference and increases in the
amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies will not be deemed to
be Indebtedness. Guarantees of, or obligations in respect of letters of credit bankers’ acceptances or similar instruments
relating to, or Liens securing, Indebtedness which is otherwise included in the determination of a particular amount of Indebtedness
shall not be included in the determination of such amount of Indebtedness, provided that the Indebtedness represented by such guarantee
or letter of credit, as the case may be, was in compliance with this covenant. Indebtedness
that is cash collateralized shall not be deemed to be Indebtedness hereunder to the extent of such cash collateralization.

    	- 29 -

     

    

“Indemnified Taxes”
means all Taxes other than Excluded Taxes.

“Indemnitees” has
the meaning specified in Section 10.04(b).

“Independent Financial Advisor”
means an accounting, appraisal or investment banking firm of nationally recognized standing.

“Information” has
the meaning specified in Section 10.07.

“Intellectual Property”
means United States and non-United States: (a) patents and patent applications; (b) trademarks, service marks, trade names, trade
dress, business names, designs, logos, indicia of origin, and other source and/or business identifiers; (c) Internet domain names
and associated websites; (d) copyrights, including copyrights in computer software; (e) industrial designs, databases, data, trade
secrets, know-how, technology, unpatented inventions and other confidential or proprietary information; (f) all registrations or
applications for registrations which have heretofore been or may hereafter be issued thereon throughout the world; (g) all tangible
and intangible property embodying the copyrights and unpatented inventions (whether or not patentable); (h) license agreements
related to any of the foregoing and income therefrom; (i) books, records, writings, computer tapes or disks, flow diagrams, specification
sheets, computer software, source codes, object codes, executable code, data, databases and other physical manifestations, embodiments
or incorporations of any of the foregoing; (j) all other intellectual property; and (k) all common law and other rights throughout
the world in and to all of the foregoing.

“Intercreditor Agreement”
means each of (a) the intercreditor agreement dated as of the Effective Date, by and among the Collateral Agent, the Existing NPA
Agent, the other agents party thereto (if any), the Borrowers and the Guarantors, as may be amended, supplemented, waived or otherwise
modified from time to time in accordance with the terms hereof and thereof, and (b) one or more other intercreditor agreements
entered into by and among the Collateral Agent, the Designated Senior Agent, the other agents party thereto (if any), the Borrowers
and the Guarantors, as may be amended, supplemented, waived or otherwise modified from time to time in accordance with the terms
hereof.

“Interest Payment Date”
means, (a) as to any Loan of any Class other than a Base Rate Loan, the last day of each Interest Period applicable to such Loan
and the Maturity Date; provided, however, that if any Interest Period for a LIBOR Rate Loan exceeds three months,
the respective dates that fall every three months after the beginning of such Interest Period shall also be Interest Payment Dates;
and (b) as to any Base Rate Loan (including a Swing Line Loan), the first day of each month and the Maturity Date.

“Interest Period”
means, as to each LIBOR Rate Loan, the period commencing on the date such LIBOR Rate Loan is disbursed or Converted to or continued
as a LIBOR Rate Loan and ending on the date one, two, three or six months thereafter (or with the consent of all applicable Lenders,
twelve months thereafter), as selected by the Lead Borrower in its Committed Loan Notice; provided that:

(a)       any
Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business
Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding
Business Day;

(b)       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 end on the last Business
Day of the calendar month at the end of such Interest Period;

    	- 30 -

     

    

(c)       no
Interest Period shall extend beyond the Maturity Date for the Class of Loans of which such LIBOR Rate Loan is part; and

(d)       notwithstanding
the provisions of clause (c), no Interest Period shall have a duration of less than one (1) month, and if any Interest Period applicable
to a LIBOR Borrowing would be for a shorter period, such Interest Period shall not be available hereunder.

For purposes hereof, the date of a Borrowing
initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent Conversion
or continuation of such Borrowing.

“Inventory” has the
meaning given that term in the UCC, and shall also include, without limitation, all: (a) goods which (i) are leased by a Person
as lessor, (ii) are held by a Person for sale or lease or to be furnished under a contract of service, (iii) are furnished by a
Person under a contract of service, or (iv) consist of raw materials, work in process, or materials used or consumed in a business;
(b) goods of said description in transit; and (c) goods of said description which are returned, repossessed or rejected.

“Inventory Reserves”
means, without duplication of any other Reserves or items that are otherwise addressed or excluded through eligibility criteria,
such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s Permitted
Discretion with respect to the determination of the saleability of the Eligible Inventory or which reflect such other factors as
affect the market value of the Eligible Inventory to the extent not taken into account in determining the cost of liquidation of
such Eligible Inventory. Without limiting the generality of the foregoing, Inventory Reserves may, in the Administrative Agent’s
Permitted Discretion, include (but are not limited to) reserves based on:

(a)       Obsolescence;

(b)       Shrink;

(c)       Change
in Inventory character;

(d)       Change
in Inventory composition;

(e)       Change
in Inventory mix;

(f)       Mark-downs
(both permanent and point of sale); and

(g)       Out-of-date
and/or expired Inventory.

“Investment” means,
as to any Person, any direct or indirect acquisition or investment by such Person in another Person, whether by means of (a) the
purchase or other acquisition of Equity Interests of another Person, (b) a loan, advance or capital contribution to, Guarantee
or assumption of debt of, or purchase or other acquisition of any other debt or interest in, another Person, (c) any Acquisition,
or (d) any other investment of money or capital in another Person in order to obtain a profitable return. For purposes of covenant
compliance, the amount of any outstanding Investment shall be the amount actually invested, without adjustment for subsequent increases or
decreases in the value of such Investment, net of any repayments thereof.

    	- 31 -

     

    

“IPO” has the meaning
specified in Section 4.01(e).

“IPO Proceeds” has
the meaning specified in Section 4.01(e).

“IRS” means the United
States Internal Revenue Service.

“ISP” means, with
respect to any Letter of Credit, the “International Standby Practices 1998” published by the Institute of International
Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance).

“Issuer Documents”
means with respect to any Letter of Credit, the Letter of Credit Application, and any other document, agreement and instrument
entered into by each L/C Issuer and any Borrower (or any Subsidiary) or in favor of each L/C Issuer and relating to any such Letter
of Credit.

“Joinder Agreement”
means an agreement, in form reasonably satisfactory to the Administrative Agent, pursuant to which, among other things, a Person
becomes a party to, and bound by the terms of, this Agreement and/or the other Loan Documents in the same capacity and to the same
extent as either a Borrower or a Guarantor.

“Keane Group” means,
collectively, the Parent and its Subsidiaries (but excluding, for all purposes other than the financial statements, Unrestricted
Subsidiaries).

"Keane Investor" means
Keane Investor Holdings, LLC, a Delaware limited liability company.

“Laws” means each
international, foreign, Federal, state or local statute, treaty, rule, guideline, regulation, ordinance, code and administrative
or judicial precedent or authority, including the interpretation or administration thereof by any Governmental Authority charged
with the enforcement, interpretation or administration thereof, and each applicable administrative order, directed duty, license,
or authorization and permit of or any agreement with any Governmental Authority, in each case whether or not having the force of
law.

“L/C Advance” means,
with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable
Percentage.

“L/C Borrowing” means
an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made
or refinanced as a Committed Borrowing.

“L/C Credit Extension”
means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the
amount thereof.

“L/C Issuer” means
each Lender with an L/C Issuer Sublimit in its capacity as an issuer of Letters of Credit hereunder, or any successor or additional
issuer of Letters of Credit hereunder (which successor or additional issuer may only be a Lender or Affiliate of a Lender which
has agreed in writing to be an L/C Issuer and which is selected by the Lead Borrower and acceptable to the Administrative Agent
in its reasonable discretion, in which case all or any portion of any existing L/C Issuer’s L/C Issuer Sublimit (as agreed
between the Lead Borrower, the Administrative Agent and such new L/C Issuer) may be transferred to such new L/C Issuer). Each L/C
Issuer may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the applicable
L/C Issuer, in which case the term “L/C Issuer” shall include any such Affiliate with respect to Letters of Credit
issued by such Affiliate.

    	- 32 -

     

    

“L/C Issuer Sublimit”
means (a) with respect to any L/C Issuer listed on Schedule 1.05, the amount set forth opposite such L/C Issuer’s
name on such Schedule as the same may be reduced from time to time pursuant to the terms of this Agreement and (b) with respect
to any other L/C Issuer, the amount specified to be such L/C Issuer’s “L/C Issuer Sublimit” at the time such
L/C Issuer becomes an L/C Issuer (as contemplated by the definition of “L/C Issuer”), as the same may be reduced from
time to time pursuant to the terms of this Agreement; provided that with the consent of the Lead Borrower and the Administrative
Agent not to be unreasonably withheld or delayed, any L/C Issuer may assign in whole or part a portion of its L/C Issuer Sublimit
to any other Lender who consents to such assignment.

“L/C Obligations”
means, as at any date of determination and without duplication, the aggregate undrawn amount available to be drawn under all outstanding
Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amounts
available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section
1.07. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount
may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, Rule 3.13 of the ISP, or because a drawing was
presented under such Letter of Credit on or prior to the last date permitted for presentation thereunder but has not yet been honored
or dishonored, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be
drawn.

“Lead Borrower” has
the meaning set forth in the preamble hereto.

“Lease” means any
written agreement, pursuant to which a Loan Party is entitled to the use or occupancy of any real property for any period of time.

“Lender” has the meaning
specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender and (or if implied
by the context, or) an L/C Issuer.

“Lending Office” means,
as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or
such other office or offices as a Lender may from time to time notify the Lead Borrower and the Administrative Agent.

“Letter of Credit”
means each Standby Letter of Credit and each Commercial Letter of Credit issued hereunder.

“Letter of Credit Application”
means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by
the applicable L/C Issuer.

“Letter of Credit Expiration
Date” means the day that is two days prior to the Maturity Date then in effect (or, if such day is not a Business Day,
the next preceding Business Day).

“Letter of Credit Fee”
has the meaning specified in Section 2.03(i).

“Letter of Credit Sublimit”
means an amount equal to $20,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Commitments.
A permanent reduction of the Aggregate Commitments shall not require a corresponding pro rata reduction in the Letter of Credit
Sublimit; provided, however, that if the Aggregate Commitments are reduced to an amount less than the Letter of Credit
Sublimit, then the Letter of Credit Sublimit shall be reduced to an amount equal to (or, at Lead Borrower’s option, less than) the Aggregate Commitments
(with each such reduction to result in a pro rata reduction in the L/C Issuer Sublimit of each L/C Issuer).

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“LIBOR Borrowing”
means a Borrowing comprised of LIBOR Rate Loans.

“LIBOR Rate” means:

(a)       for
any Interest Period with respect to a LIBOR Rate Loan, the rate per annum equal to the London Interbank Offered Rate (“LIBOR”)
or a comparable or successor rate, which rate is approved by the Administrative Agent, as published on the applicable Reuters screen
page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from
time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for
Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; and

(b)       for
any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to LIBOR, at or about 11:00 a.m.,
London time determined two Business Days prior to such date for U.S. Dollar deposits with a term of one month commencing that day;

provided that (i) to the extent a comparable
or successor rate is approved by the Administrative Agent in connection herewith, the approved rate shall be applied in a manner
consistent with market practice; provided, further that to the extent such market practice is not administratively
feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise determined by the Administrative
Agent and (ii) to the extent the LIBOR Rate as determined pursuant to clause (a) or (b) above would otherwise be less than zero,
then the LIBOR Rate shall be deemed to be zero.

“LIBOR Rate Loan”
means a Committed Loan that bears interest at a rate based on the Adjusted LIBOR Rate.

“Lien” means any interest
in property securing an obligation owed to, or a claim by, a Person other than the owner of the property, whether such interest
is based on common law, statute or contract. The term “Lien” shall also include reservations, exceptions, encroachments,
easements, rights-of-way, covenants, conditions, restrictions, leases and other title exceptions and encumbrances affecting property.
For the purpose of this Agreement, each Person shall be deemed to be the owner of any property that it has acquired or holds subject
to a conditional sale agreement or other arrangement pursuant to which title to the property has been retained by or vested in
some other Person for security purposes. In no event shall the term “Lien” be deemed to include any license of Intellectual
Property unless such license contains a grant of a security interest in such Intellectual Property.

“Liquidation” means
the exercise by the Administrative Agent or Collateral Agent of those rights and remedies accorded to such Agents under the Loan
Documents and applicable Laws as a creditor of the Loan Parties with respect to the realization on the Collateral, including (after
the occurrence and during the continuation of an Event of Default) the conduct by the Loan Parties acting with the consent of the
Administrative Agent, of any public, private or “going-out-of-business” or other similar sale or any other disposition
of the Collateral for the purpose of liquidating the Collateral. Derivations of the word “Liquidation” (such as “Liquidate”)
are used with like meaning in this Agreement.

“Liquidity” means
the sum of (a) the aggregate amount of unrestricted cash and Cash Equivalents on hand of the Parent and its Subsidiaries and (b)
Excess Availability.

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“Loan” means an extension
of credit by a Lender to the Borrowers under Article II in the form of a Committed Loan or a Swing Line Loan.

“Loan Account” has
the meaning assigned to such term in Section 2.11(a).

“Loan Cap” means,
at any time of determination, the lesser of (a) the Aggregate Commitments and (b) the Borrowing Base.

“Loan Documents” means
this Agreement, each Note, each Issuer Document, all Borrowing Base Certificates, the Blocked Account Agreements, the Security
Documents, the Intercreditor Agreement, the Facility Guaranty, each Joinder Agreement and any other instrument or agreement now
or hereafter executed and delivered in connection herewith, each as amended from time to time.

“Loan Parties” means,
collectively, the Borrowers and each Guarantor.

“Material Adverse Effect”
means (a) a material adverse change in, or a material adverse effect upon, the operations, business, assets, properties, liabilities,
or financial condition of the Loan Parties and their Subsidiaries, taken as a whole; (b) a material impairment of the rights and
remedies of the Agent or any Lender under the Loan Documents, or of the ability of the Loan Parties, taken as a whole, to perform
their obligations under the Loan Documents; or (c) a material adverse effect upon the legality, validity, binding effect or enforceability
against the Loan Parties, taken as a whole, of this Agreement or the Security Documents.

“Material Contract”
means, with respect to any Person, each contract (other than the Loan Documents) to which such Person is a party as to which the
breach, nonperformance, or cancellation by any party thereto would have a Material Adverse Effect.

“Material Indebtedness”
means Indebtedness (other than the Obligations) of the Loan Parties in an aggregate principal amount exceeding $25,000,000. For
purposes of determining the amount of Material Indebtedness at any time, (a) the amount of the obligations in respect of any Swap
Contract at such time shall be calculated at the Swap Termination Value thereof, (b) undrawn committed or available amounts shall
be excluded, and (c) all amounts owing to all creditors under any combined or syndicated credit arrangement shall be included.

“Maturity Date” means
(a) with respect to the Loans arising under the initial Commitments hereunder that have not been extended pursuant to Section 2.16,
the date that is the fifth anniversary after the Effective Date (the “Original Loan Maturity Date”); provided,
however, to the extent that the Existing NPA Debt has not been repaid in full, the Maturity Date shall be the date that
is 91 days prior to the Existing NPA Maturity Date, (b) with respect to any tranche of Extended Loans, the final maturity
date as specified in the applicable Extension Amendment and (c) with respect to any Loans arising under the Additional Commitments,
the final maturity date as specified in the applicable Increase Joinder.

“Maximum Rate” has
the meaning provided therefor in Section 10.09.

“Measurement Period”
means, at any date of determination, the most recently completed four (4) consecutive Fiscal Quarter for which financial statements
were required to have been delivered pursuant to the terms of this Agreement.

“Moody’s” means
Moody’s Investors Service, Inc. and any successor thereto.

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“Multiemployer Plan”
means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the Parent or any ERISA Affiliate
makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions.

“Net Income” means,
with respect to the Keane Group, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction
in respect of Preferred Stock dividends.

“Net Proceeds” means
with respect to any Disposition by any Loan Party, or any casualty or other insured damage to, or any taking under power of eminent
domain or by condemnation or similar proceeding of (and payments in lieu thereof), any property or asset of a Loan Party, the excess,
if any, of (a) the sum of cash and Cash Equivalents received by any Loan Party in connection with such transaction (including any
cash or Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise,
but only as and when so received) over (b) the sum of (i) the principal amount of, premium or penalty, if any, interest and other
amounts on any Indebtedness that is secured by the applicable asset by a Lien permitted hereunder which is senior to the Collateral
Agent’s Lien on such asset and that is required to be repaid (or for which an escrow is required to be established for the
future repayment thereof) in connection with such transaction (other than Indebtedness under the Loan Documents or under any Bank
Products or Cash Management Services) or Indebtedness or other obligations of any Restricted Subsidiary that is disposed of in
such transaction, plus (ii) the reasonable and customary out-of-pocket fees and expenses incurred by such Loan Party in
connection with such transaction (including, without limitation, appraisals, and brokerage, legal, advisor, title and recording
or transfer tax expenses and commissions) paid by any Loan Party to third parties (other than Affiliates) plus (iii) amounts
provided as a reserve against any liabilities (x) under any indemnification obligation or purchase price adjustment associated
with such Disposition or (y) related to any of the applicable assets and retained by a Loan Party including, without limitation,
Pension Plan and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification
obligations (provided that to the extent and at the time any such amounts are released from such reserve, such amounts shall
constitute Net Proceeds), plus (iv) in the case of any Disposition by, or any casualty or other insured damage to, or any taking
under power of eminent domain or by condemnation or similar proceeding of, any property or asset of, a non-wholly owned Loan Party,
the pro rata portion of the Net Proceeds thereof (calculated without regard to this clause (iv)) attributable to non-controlling
interests or not available for distribution to or for the account of a Loan Party as a result thereof, plus (v) taxes paid or reasonably
estimated to be payable as a result thereof.

“Non-Consenting Lender”
has the meaning provided therefor in Section 10.01.

“Non-Extension Notice Date”
has the meaning specified in Section 2.03(b)(iii).

“Note” means (a) a
promissory note made by the Borrowers in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit
C-1, and (b) the Swing Line Note, as each may be amended, supplemented or modified from time to time.

“NPA Agent” means
U.S. Bank National Association, in its capacity as agent for the purchasers under the Existing Note Purchase Agreement, together
with any successors thereto.

“Obligations” means
(a) all advances to, and debts (including principal, interest, fees, costs, and expenses), liabilities, covenants, and indemnities
of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit (including payments
in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral therefor), whether direct
or indirect, absolute or contingent, due or to become due, now existing or hereafter arising and including interest, fees, costs,
expenses and indemnities that accrue after the 

    	- 36 -

     

    

commencement by or against any Loan Party or any
Subsidiary thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding,
regardless of whether such interest, fees costs, expenses and indemnities are allowed claims in such proceeding, and (b)
subject to the limitations in the Existing Note Purchase Agreement and Intercreditor Agreement, any Other Liabilities; provided,
that the Obligations of any Guarantor shall not include any Excluded Swap Obligations of such Guarantor.

“Organization Documents”
means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable
constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate
or articles of formation or organization and operating agreement; (c) with respect to any partnership, joint venture, trust or
other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any
agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable
Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of
formation or organization of such entity, and (d) in each case, all shareholder or other equity holder agreements, voting trusts
and similar arrangements to which such Person is a party or which is applicable to its Equity Interests and all other arrangements
relating to the Control or management of such Person.

“Other Liabilities”
means any obligation on account of (a) any Cash Management Services furnished to any of the Loan Parties and/or (b) any Bank Product
furnished to any of the Loan Parties, as each may be amended from time to time, but in each case only if and to the extent that
the provider of such Bank Product or Cash Management Service has furnished the Administrative Agent with notice thereof as required
under Section 9.12 hereof; provided, that the Other Liabilities of any Guarantor shall not include any Excluded Swap Obligations
of such Guarantor.

“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, enforcement, registration of, or otherwise
with respect to, this Agreement or any other Loan Document, excluding, however, any such amounts imposed as a result of an assignment
(“Assignment Taxes”), but only to the extent such Assignment Taxes (a) do not relate to an assignment made at
the request of a Borrower pursuant to Section 10.13 and (b) are imposed as a result of a present or former connection between the
assignor or assignee and the jurisdiction imposing such Tax (other than a connection arising from such assignor or assignee having
executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security
interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in
any Loan, Letter of Credit or Loan Document).

“Outstanding Amount”
means (a) with respect to Committed Loans and Swing Line Loans on any date, the aggregate outstanding principal amount thereof
after giving effect to any borrowings and prepayments or repayments of Committed Loans and Swing Line Loans, as the case may be,
occurring on such date; and (b) with respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date
after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C
Obligations as of such date, including as a result of any reimbursements by the Borrowers of Unreimbursed Amounts.

“Overadvance” means
a Credit Extension to the extent that, immediately after its having been made, Excess Availability is less than zero.

“Parent” has the meaning
set forth in the recitals to this Agreement.

    	- 37 -

     

    

“Parent Stockholders' Agreement”
means the Stockholders' Agreement, dated January 20, 2017, by and among the Parent and the holders of Equity Interests of the Parent
party thereto.

“Participant” has
the meaning specified in Section 10.06(d).

“Participant Register”
has the meaning specified in Section 10.06(d).

“Patriot Act” has
the meaning provided in Section 10.17.

“Payment Conditions”
means, at the time of determination with respect to any specified transaction or payment (including a Restricted Payment), that
(a) no Event of Default then exists or would arise as a result of entering into such transaction or the making of such payment,
and (b) either (i)(A) before and after giving effect to such transaction or payment, Excess Availability equals or exceeds the
greater of (x) fifteen percent (15.0%) of the Loan Cap and (y) $17,500,000 (or in the case of a Restricted Payment, the greater
of (xx) seventeen and a half percent (17.5%) of the Loan Cap and (yy) $20,000,000) as at such date and on a pro forma basis for
the preceding ninety (90) calendar day period, and (B) the pro forma Consolidated Fixed Charge Coverage Ratio calculated for the
most recently ended Measurement Period hereof, after giving effect to such transaction or payment equals or exceeds 1.00:1.00 or
(ii) after the earlier of twelve (12) months from the Effective Date and such time as the Consolidated Fixed Charge Coverage Ratio
at the end of any two consecutive Measurement Periods following the Effective Date has been at least 1.00:1.00, Excess Availability
equals or exceeds the greater of (x) 20% of the Loan Cap and (y) $26,250,000 (or, in the case of a Restricted Payment, the greater
of (xx) 22.5% of the Loan Cap and (yy) $30,000,000) as at such date and on a pro forma basis for the preceding ninety (90) calendar
day period. Prior to undertaking any transaction or payment which is subject to the Payment Conditions, the Loan Parties shall
deliver to the Administrative Agent an officer’s certificate (1) confirming that no Event of Default then exists or would
arise as a result of entering into such transaction or the making of such payment and (2) setting forth calculations showing satisfaction
of the conditions contained in clause (b) above which shall be reasonably satisfactory to the Administrative Agent.

“PBGC” means the Pension
Benefit Guaranty Corporation.

“PCAOB” means the
Public Company Accounting Oversight Board.

“Pension Plan” means
any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer
Plan, that is subject to Title IV of ERISA and is sponsored or maintained by a Borrower or any ERISA Affiliate or to which a Borrower
or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described
in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years.

“Perfection Certificate”
has the meaning set forth in the Security Agreement.

“Permitted Acquisition”
means an Acquisition of property and assets or businesses of any Person or of assets constituting a business unit, a line of business
or division of such Person in which all of the following conditions are satisfied:

(a)       no
Default or Event of Default shall have occurred and be continuing or would result therefrom (other than in respect of any Permitted
Acquisition made pursuant to a legally binding commitment entered into at a time when no Default exists or would result therefrom);

    	- 38 -

     

    

(b)       any
acquired or newly formed Subsidiary shall not be liable for any Indebtedness except for Permitted Indebtedness;

(c)       the
Loan Parties shall have satisfied the Payment Conditions;

(d)       such
Acquisition shall have been approved by the Board of Directors of the Person which is the subject of such Acquisition and such
Person shall not have announced that it will oppose such Acquisition or shall not have commenced any action which alleges that
such Acquisition shall violate applicable Law; and

(e)       if
the Person which is the subject of such Acquisition will be maintained as a Restricted Subsidiary of a Loan Party, or if the assets
acquired in an Acquisition will be transferred to a Restricted Subsidiary which is not then a Loan Party, such Restricted Subsidiary
and the Loan Parties holding its Equity Interests shall, to the extent required thereunder, comply with the requirements of Section
6.11 within 30 days after the consummation of such Acquisition.

“Permitted Cure Security”
means any Equity Interest of the Parent other than any Disqualified Stock; provided that any such Equity Interests issued
for purposes of exercising a Cure Right pursuant to Section 8.04 that are not common Equity Interests shall be on terms and conditions
reasonably acceptable to the Administrative Agent.

“Permitted Discretion”
means the Administrative Agent’s good faith credit judgment acting in accordance with the Administrative Agent’s past
practices for asset-based lending in the oilfield services industry and based upon any factor or circumstance which it reasonably
believes in good faith: (a) will or is reasonably likely to adversely affect the value of the Collateral, the enforceability or
priority of the Collateral Agent’s Liens thereon in favor of the Credit Parties or the amount which the Collateral Agent
and the Credit Parties would likely receive (after giving consideration to delays in payment and costs of enforcement) in the liquidation
of such Collateral; (b) that any collateral report or financial information delivered to the Administrative Agent by or on behalf
of the Loan Parties is incomplete, inaccurate or misleading in any material respect; (c) will or is reasonably likely to materially
increase the likelihood of a bankruptcy, reorganization or other insolvency proceeding involving any Loan Party; or (d) will or
is reasonably likely to create a Default or Event of Default. Notwithstanding the foregoing, it shall not be within the Permitted
Discretion for the Administrative Agent to establish Reserves which are duplicative of each other whether or not such reserves
fall under more than one reserve category.

“Permitted Disposition”
means any of the following:

(a)       Dispositions
of (i) inventory or Frac Iron in the ordinary course of business, (ii) goods held for sale in the ordinary course of business and
(iii) other assets (including allowing any registrations or any applications for registration of any immaterial Intellectual Property
to lapse or become abandoned) (other than ABL Priority Collateral) having Fair Market Value not exceeding $25,000,000 in the aggregate
per Fiscal Year, plus any amounts permitted but not used in prior Fiscal Years for any such Disposition; provided that in no event
shall the aggregate Fair Market Value of Dispositions made pursuant to this clause (a) exceed $50,000,000 in any Fiscal Year;

(b)       non-exclusive
licenses of Intellectual Property of a Loan Party or any of its Subsidiaries, provided that such licenses shall not interfere
with the ability of the Administrative Agent to exercise any of its rights and remedies with respect to any of the Collateral or
have a material adverse effect on the value of the Intellectual Property;

    	- 39 -

     

    

(c)       Dispositions
of Equipment (other than Frac Iron) (including abandonment of or other failures to maintain and preserve) so long as after giving
effect to such Disposition, no Default or Event of Default shall exist or have occurred and be continuing;

(d)       Dispositions
among the Loan Parties or by any Restricted Subsidiary to a Loan Party;

(e)       Dispositions
by any Restricted Subsidiary which is not a Loan Party to another Restricted Subsidiary that is not a Loan Party;

(f)       Disposition
of any Equity Interest of the Parent;

(g)       any
Disposition which constitutes a Permitted Investment, Restricted Payment permitted under Section 7.06 or Permitted Encumbrance
(or an enforcement thereof), and any transaction permitted by Section 7.04;

(h)       Dispositions
by any Loan Party or any Restricted Subsidiary of its right, title and interest in and to any Real Estate and related fixtures,
including, without limitation, Dispositions to any other Restricted Subsidiary or in connection with sale-leaseback transactions
provided that the Loan Parties shall have used commercially reasonable efforts to cause the Person (if not a Loan Party)
acquiring such Real Estate to enter into a Collateral Access Agreement on terms reasonably satisfactory to the Administrative Agent
in the event that a Loan Party or any Subsidiary will occupy such Real Estate and maintain Collateral thereon;

(i)       Dispositions
of the Equity Interests of any Unrestricted Subsidiary;

(j)       (i)
Dispositions consisting of the compromise, settlement or collection of accounts receivable in the ordinary course of business and
consistent with past practice and (ii) sales of assets received by a Borrower or any Subsidiary upon foreclosure of a Permitted
Encumbrance;

(k)       Dispositions
consisting of (i) leases, assignments or subleases in the ordinary course of business, and (ii) the grant of any license or sublicense
of patents, trademarks, know-how and any other intellectual property or other general intangibles; provided that such grant
of license or sublicense shall not prohibit the sale or liquidation of property of the type included in the Borrowing Base;

(l)       Dispositions
of cash and Permitted Investments described in clauses (a) through (f) of the definition of “Permitted Investments,”
in each case on ordinary business terms;

(m)       other
Dispositions (other than ABL Priority Collateral), provided that (i) after giving effect to such Disposition the Excess
Availability Condition shall have been satisfied (it being understood and agreed that the Net Proceeds from such Dispositions may
be used to repay the Obligations in order to satisfy the Excess Availability Condition), (ii) not less than 75% of the total consideration
received is cash or Cash Equivalents (excluding (x) any customary escrow for indemnification or similar obligations in connection
therewith and (y) any indemnities, representations and warranties, covenants, non-compete provisions and similar provisions customary
therefor), and (iii) all of the consideration received is at least equal to the Fair Market Value of the assets Disposed;

(n)       [reserved];

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(o)       Dispositions
of obsolete, surplus or worn out property, whether now owned or hereafter acquired, in the ordinary course of business and Dispositions
in the ordinary course of business of property no longer used or useful in the conduct of the business of the Parent or any of
its Subsidiaries;

(p)       Dispositions
of property to the extent that (i) such property is exchanged for credit against the purchase price of similar replacement property
or (ii) the proceeds of such Disposition are promptly applied to the purchase price of such replacement property (including to
the extent allowable under Section 1031 of the Code, any exchange of like property (excluding any boot thereon) for use in a Similar
Business);

(q)       any
exchange of assets for assets or services (other than current assets) related to a similar business of comparable or greater market
value or usefulness to the business of the Keane Group as a whole, as determined in good faith by the Lead Borrower;

(r)       Dispositions
of Investments in joint ventures to the extent required by, or made pursuant to customary buy/sell arrangements between, the joint
venture parties set forth in joint venture arrangements and similar binding arrangements;

(s)       any
Disposition of Excluded Property (or the Equity Interests of Persons substantially all of the assets of which constitute Excluded
Property);

(t)       any
disposition of Equity Interests of a Restricted Subsidiary pursuant to an agreement or other obligation with or to a Person (other
than the Parent or a Restricted Subsidiary) from whom such Restricted Subsidiary was acquired, or from whom such Restricted Subsidiary
acquired its business and assets (having been newly formed in connection with such acquisition), made as part of such acquisition
and in each case comprising all or a portion of the consideration in respect of such sale or acquisition;

(u)       any
surrender or waiver of contract rights or the settlement, release or surrender of contract, tort or other claims of any kind; and

(v)       the
unwinding of any Swap Contract pursuant to its terms.

“Permitted Encumbrances”
means:

(a)       Liens
imposed by law for Taxes that are not yet due or are being contested in compliance with Section 6.04 (other than clause (a)(iv)
of such section);

(b)       Carriers’,
warehousemen’ s, mechanics’, materialmen’ s, repairmen’s and other like Liens imposed by applicable Laws,
arising in the ordinary course of business and securing obligations that are not overdue by more than thirty (30) days or are being
contested in compliance with Section 6.04 (other than clause (a)(iv) of such section);

(c)       Pledges
and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance and
other social security laws or regulations, other than any Lien imposed by ERISA;

(d)       Pledges
and deposits to secure or relating to the performance of bids, trade contracts, government contracts and leases (other than Indebtedness),
statutory obligations, surety, stay, customs and appeal bonds, performance
bonds and other obligations of a like nature incurred in the ordinary course of business;

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(e)       (i)
Liens in respect of judgments that would not constitute an Event of Default hereunder, and (ii) notices of lis pendens and associated
rights related to litigation being contested in good faith by appropriate proceedings that have the effect of preventing the forfeiture
or sale of the property or assets subject to such notices and rights and for which adequate reserves have been made to the extent
required by GAAP;

(f)       (i)
Easements, covenants, conditions, restrictions, building code laws, zoning restrictions, rights-of-way and similar encumbrances
on real property that do not secure any monetary obligations and do not materially detract from the value of the affected property
or materially interfere with the ordinary conduct of business of the Loan Parties taken as a whole and such other minor title defects
or survey matters that are disclosed by current surveys that, in each case, do not materially interfere with the current use of
the real property, and (ii) mortgages, liens, security interests, restrictions, encumbrances or any other matters of record that
have been placed by any government, statutory or regulatory authority, developer, landlord or other third party (in each case,
other than a Loan Party or any Restricted Subsidiary) on property over which a Loan Party or any Restricted Subsidiary of a Loan
Party has easement rights or on any leased property with respect to which a Loan Party or a Restricted Subsidiary is the tenant
and subordination or similar arrangements relating thereto and (iii) any condemnation or eminent domain proceedings affecting any
real property;

(g)       Liens
existing on the Effective Date and listed on Schedule 7.01 and any renewals or extensions thereof, provided
that (i) the property covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased (other than
as permitted as “Permitted Indebtedness”), (iii) the direct or any contingent obligor with respect thereto is not changed,
and (iv) any renewal or extension of the obligations secured or benefited thereby is otherwise permitted hereunder);

(h)       Liens
on fixed or capital assets acquired by any Loan Party securing Indebtedness permitted under clause (c) of the definition of Permitted
Indebtedness so long as such Liens shall not extend to any other property or assets of the Loan Parties, other than replacements
thereof and additional and accessions to such property and the products and proceeds thereof;

(i)       Liens
pursuant to any Loan Documents;

(j)       Landlords’
and lessors’ Liens in respect of rent not in default for more than any applicable grace period, not to exceed thirty (30)
days;

(k)       Possessory
Liens in favor of brokers and dealers arising in connection with the acquisition or disposition of Investments owned as of the
Effective Date and Permitted Investments, provided that such liens (a) attach only to such Investments and (b) secure only
obligations arising in connection with the acquisition or disposition of such Investments and not any obligation in connection
with margin financing;

(l)       Liens
arising solely by virtue of any statutory or common law provisions relating to banker’s liens, liens in favor of securities
intermediaries, rights of setoff or similar rights and remedies as to deposit accounts or securities accounts or other funds maintained
with depository institutions and securities intermediaries;

    	- 42 -

     

    

(m)       Liens
arising from precautionary UCC filings regarding “true” operating leases or, to the extent permitted under the Loan
Documents, the consignment of goods to a Loan Party or Liens on equipment of the Borrowers and their Subsidiaries granted in the
ordinary course of business to a client or supplier at which such equipment is located;

(n)       Voluntary
Liens on property (other than property of the type included in the Borrowing Base) in existence at the time such property is acquired
pursuant to a Permitted Acquisition or other Permitted Investment (or other acquisition or investment not prohibited hereunder)
or is otherwise merged or consolidated with a Restricted Subsidiary or on such property of a Restricted Subsidiary of a Loan Party
in existence at the time such Restricted Subsidiary is acquired pursuant to a Permitted Acquisition or other Permitted Investment
(or other acquisition or investment not prohibited hereunder) or is otherwise merged or consolidated with a Restricted Subsidiary;
provided that such Liens are not incurred in connection with or in anticipation of such Permitted Acquisition or other Permitted
Investment or other acquisition or investment not prohibited hereunder or merger or consolidation and do not attach to any other
assets of any Loan Party or any Restricted Subsidiary;

(o)       Liens
in favor of customs and revenues authorities imposed by applicable Laws arising in the ordinary course of business in connection
with the importation of goods and securing obligations (i) that are not overdue by more than thirty (30) days, or (ii)(A) that
are being contested in good faith by appropriate proceedings, (B) the applicable Loan Party or Restricted Subsidiary has set aside
on its books adequate reserves with respect thereto in accordance with GAAP and (C) such contest effectively suspends collection
of the contested obligation and enforcement of any Lien securing such obligation;

(p)       Liens
securing Indebtedness permitted pursuant to clause (r) of the definition of “Permitted Indebtedness”; provided
such Liens on the assets comprising ABL Priority Collateral are junior to those securing the Obligations and subject at all times
to the Intercreditor Agreement;

(q)       [reserved];

(r)       Liens
solely on any cash earnest money deposits made by a Borrower or any of its Restricted Subsidiaries in connection with any letter
of intent or purchase agreement permitted hereunder or consisting of an agreement to sell any property (including liens on assets
deemed to arise as a result thereof);

(s)       [reserved];

(t)       Liens
arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into in the
ordinary course of business;

(u)       deposits
made in the ordinary course of business to secure liability to insurance carriers and Liens arising by operation of law or contract
on insurance policies and the proceeds thereof to secure premiums thereunder, and Liens, pledges and deposits in the ordinary course
of business securing liability for premiums or reimbursement or indemnification obligations of (including obligations in respect
of letters of credit or bank guarantees for the benefits of) insurance carriers;

    	- 43 -

     

    

(v)       any
interest or title of a lessor, sublessor, licensor or sublicensor under leases, subleases, licenses or sublicenses (including software
and other technology licenses) entered into by a Borrower or any of its Subsidiaries in the ordinary course of business;

(w)       Liens
in favor of any Loan Party;

(x)       Liens
incurred by a Restricted Subsidiary that is not a Loan Party securing any Permitted Indebtedness of a Restricted Subsidiary that
is not a Loan Party;

(y)       Liens
not otherwise permitted by any one or more of the foregoing clauses; provided that (i) the aggregate principal amount of
obligations secured thereby does not exceed the greater of $25,000,000 and 4.5% of Total Assets at any time, and (ii) if any such
Lien is granted over any of the ABL Priority Collateral, such Lien must be subject to the Intercreditor Agreement and junior in
all respects to the Liens in favor of the Obligations under this Agreement;

(z)       Liens
on cash deposits, securities or other property in deposit or securities accounts in connection with the redemption, defeasance,
repurchase or other discharge of any notes issued by the Parent or any of its Subsidiaries to the extent not prohibited by Section
7.07 of this Agreement;

(aa)     any encumbrance or
restriction (including put and call arrangements) with respect to Equity Interests of any joint venture or similar
arrangement pursuant to any joint venture or similar agreement;

(bb)     Liens on Excluded Property;

(cc)     Liens securing Indebtedness
permitted pursuant to clauses (d), (e), (j), (k), (l) (to the extent the related Permitted Indebtedness is permitted to be secured),
(m) and (n) of the definition of “Permitted Indebtedness”;

(dd)     Liens to secure any refinancing,
refunding, extension, renewal or replacement (or successive refinancings, refundings, extensions, renewals or replacements) as
a whole, or in part, of any Indebtedness secured by any Lien referred to in the foregoing clauses (g), (n) and (p); provided, however,
that (i) such new Lien shall be limited to all or part of the same property that was encumbered by the original Lien (plus improvements
on such property) or could have been encumbered by the original Lien and (ii) the Indebtedness secured by such Lien at such time
is not increased to any amount greater than the sum of (A) the outstanding principal amount or, if greater, committed amount of
the Indebtedness described under such clause at the time the original Lien became a Permitted Encumbrance, plus accretion of original
issue discount, and (B) an amount necessary to pay any fees and expenses, including premiums, related to such refinancing, refunding,
extension, renewal or replacement; provided, further that such Liens with respect to the foregoing clause (p) are
subject to an intercreditor agreement in form and substance reasonably satisfactory to the Collateral Agent and such Liens on ABL
Priority Collateral are junior to the Liens securing the Obligations under this Agreement; and

(ee)     Liens on cash collateral
deposited into any escrow account issued in connection with any Permitted Acquisition pursuant to customary escrow arrangements
reasonably satisfactory to the Administrative Agent to the extent such cash collateral represents the proceeds of financing and
additional amounts to pay accrued interest on and/or the redemption price of the financing.

    	- 44 -

     

    

“Permitted Holders”
shall mean (a) the Sponsors and any other Funds or managed accounts advised or managed by any Sponsor or any of a Sponsor’s
Affiliates and Keane Investor, (b) any person that has no material assets other than the capital stock of the Parent, a parent
of the Parent or capital stock of a Person engaged in a Similar Business and, directly or indirectly, holds or acquires 100% of
the total voting power of the Voting Stock of the Parent, and of which no other Person or group (within the meaning of Section
13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision), other than any Permitted Holder specified in clause
(a) above, holds more than 50% of the total voting power of the Voting Stock thereof, and (c) any group (within the meaning of
Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision) the members of which include any Permitted
Holder specified in clause (a) above and that, directly or indirectly, hold or acquire beneficial ownership of the Voting Stock
of the Parent (a “Permitted Holder Group”), so long as (i) each member of the Permitted Holder Group has voting
rights proportional to the percentage of ownership interests held or acquired by such member and (ii) no Person or other “group”
(other than a Permitted Holder specified in clause (a) above) beneficially owns more than 50% on a fully diluted basis of the Voting
Stock held by the Permitted Holder Group.

“Permitted Indebtedness”
means each of the following:

(a)       Indebtedness
outstanding on the Effective Date and listed on Schedule 7.03 and any Permitted Refinancing thereof;

(b)       Indebtedness
among the Parent and its Restricted Subsidiaries; provided that all such Indebtedness of any Loan Party owed to any Restricted
Subsidiary that is not a Loan Party shall be subordinated to the Obligations in a manner reasonably satisfactory to the Administrative
Agent; provided, further, that any subsequent issuance or transfer of any Equity Interests or any other event which
results in any Restricted Subsidiary lending such Indebtedness ceasing to be a Restricted Subsidiary or any other subsequent transfer
of any such Indebtedness (except to a Borrower or another Restricted Subsidiary) shall be deemed, in each case, to be an incurrence
of such Indebtedness;

(c)       without
duplication of Indebtedness described in clause (f) below, purchase money Indebtedness of any Loan Party incurred after the Effective
Date to finance the acquisition, lease, construction or improvement of any fixed or capital assets, including Attributable Indebtedness
under Capital Lease Obligations and Synthetic Lease Obligations, and any Indebtedness assumed in connection with the acquisition
of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and Permitted Refinancings thereof,
provided, however, that (i) the aggregate principal amount of Indebtedness permitted by this clause (c) shall not
exceed the greater of $50,000,000 and 10% of the Total Assets at the time of incurrence, (ii) such Indebtedness is incurred prior
to or within two hundred and seventy days (270) after such acquisition, lease, construction or improvement (other than Permitted
Refinancing thereof), (iii) such Indebtedness does not exceed the cost of acquisition, lease, construction or improvement of such
fixed or capital assets, and (iv) such assets shall not be included in the Borrowing Base;

(d)       obligations
(contingent or otherwise) of any Loan Party or any Restricted Subsidiary thereof existing or arising under any Swap Contract, provided
that such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly
mitigating risks associated with fluctuations in commodity prices, interest rates or foreign exchange rates, and not for purposes
of speculation or taking a “market view”;

    	- 45 -

     

    

(e)       obligations
in respect of self-insurance and obligations (including reimbursement obligations with respect to letters of credit and bank guarantees)
in respect of performance, bid, appeal and surety bonds and similar instruments and performance and completion guarantees and similar
obligations, in each case, incurred in the ordinary course of business;

(f)       Indebtedness
with respect to the deferred purchase price for any Permitted Acquisition or other Permitted Investment, provided that such
Indebtedness (other than Earn-Out Obligations) does not require the payment in cash of principal (other than in respect of working
capital adjustments) prior to the Maturity Date, has a final maturity which extends beyond the Maturity Date, and is subordinated
to the Obligations on terms reasonably acceptable to the Agents; provided, further, that any such Indebtedness constituting
Earn-Out Obligations is paid within 30 days after such amount becomes due;

(g)       Indebtedness
of any Person that becomes a Restricted Subsidiary of a Loan Party in a Permitted Acquisition, Permitted Investment (or other acquisition
not prohibited hereunder), which Indebtedness is existing at the time such Person becomes a Restricted Subsidiary of a Loan Party
(other than Indebtedness incurred solely in contemplation of such Person’s becoming a Restricted Subsidiary of a Loan Party)
and Permitted Refinancings thereof; provided that the aggregate principal amount of Indebtedness permitted to be incurred pursuant
to this clause (g) shall not exceed the sum of (i) $50,000,000 and (ii) if, at the time such Person becomes a Restricted Subsidiary
of a Loan Party, Consolidated EBITDA for the four Fiscal Quarter period most recently ended is in excess of Consolidated EBITDA
for such period as set forth in the Model dated December 15, 2016 delivered by Keane Group to the Administrative Agent, $50,000,000;
provided that, (x) solely with respect to any such Indebtedness incurred pursuant to subclause (ii) above, such Indebtedness
shall not require annual amortization payments in excess of 2.5% of the aggregate original principal amount of such Indebtedness,
and (y) with respect to any such Indebtedness incurred pursuant to subclauses (i) and (ii) above, such Indebtedness shall mature
no earlier than the six-month after the Maturity Date;

(h)       the
Obligations;

(i)       Subordinated
Indebtedness;

(j)       Indebtedness
arising pursuant to appeal bonds or similar instruments required in connection with judgments that do not result in a Default or
Event of Default;

(k)       obligations
in respect of letters of credit existing as of the Effective Date to secure obligations of the type described in clauses (c) and
(d) of the definition of “Permitted Encumbrances”;

(l)       Guarantees
of Indebtedness described in this definition;

(m)       [reserved];

(n)       Indebtedness
with respect to all obligations and liabilities, contingent or otherwise, in respect of letters of credit, acceptances and similar
facilities incurred in the ordinary course of business, including, without limitation, letters of credit in respect of workers’
compensation claims, health, disability or other employee benefits (whether current or former) or property, casualty or liability
insurance or self-insurance, or other Indebtedness with respect to reimbursement-type obligations regarding workers’ compensation
claims;

    	- 46 -

     

    

(o)       Indebtedness
to current or former officers, managers, consultants, directors and employees, their respective estates, spouses or former spouses
to finance the purchase or redemption of Equity Interests of the Parent or any other direct or indirect parent of a Borrower permitted
by Section 7.06;

(p)       Indebtedness
consisting of (i) the financing of insurance premiums or (ii) take-or-pay obligations contained in supply arrangements, in each
case, in the ordinary course of business;

(q)       (i)
obligations under Cash Management Services and other Indebtedness in respect of netting services, automatic clearinghouse arrangements
or (ii Indebtedness arising from the honoring of a bank or other financial institution of a check, draft or similar instrument
drawn against insufficient funds in the ordinary course of business, provided that such Indebtedness is extinguished within
ten (10) Business Days of its incurrence;

(r)       the
Designated Senior Indebtedness, including any Permitted Refinancing thereof;

(s)       Indebtedness
secured by cash deposits, securities or other property in deposit or securities accounts in connection with the redemption, defeasance,
repurchase or other discharge of any notes to the extent not prohibited by Section 7.07 of this Agreement;

(t)       Indebtedness
not specifically described herein in an aggregate principal amount not to exceed $50,000,000;

(u)        [reserved];

(v)       Indebtedness
of Foreign Subsidiaries of the Parent in an amount not to exceed the greater of (i) $25,000,000 and (ii) 4.5% of the Total Assets
of all Foreign Subsidiaries at the time of such incurrence and any Permitted Refinancing thereof;

(w)       to
the extent constituting Indebtedness, obligations in respect of (i) customer deposits and advance payments received in the ordinary
course of business; (ii) letters of credit, bankers’ acceptances, guarantees or other similar instruments or obligations
issued or relating to liabilities or obligations incurred in the ordinary course of business and (iii) any customary cash management,
cash pooling or netting or setting off arrangements or automatic clearinghouse arrangements in the ordinary course of business;
and

(x)       
Contribution Indebtedness and any Permitted Refinancing thereof.

“Permitted Investments”
means each of the following:

(a)       as
long as no Dominion Trigger Event is then in effect at the time of the making of such Investment or would arise therefrom (collectively,
“Cash Equivalents”) (including the subsequent monetization thereof):

(i)       U.S.
dollars, pounds sterling, euros, the national currency of any participating member state of the European Union or, in the case
of any Foreign Subsidiary that is a Restricted Subsidiary, such local currencies held by it from time to time in the ordinary course
of business;

    	- 47 -

     

    

(ii)       securities
issued or directly and fully guaranteed or insured by the government of the United States or any country that is a member of the
European Union or any agency or instrumentality thereof in each case with maturities not exceeding two years from the date of acquisition;

(iii)       certificates
of deposit, time deposits and eurodollar time deposits with maturities of one year or less from the date of acquisition, bankers’
acceptances, in each case with maturities not exceeding one year, and overnight bank deposits, in each case with any commercial
bank having capital and surplus in excess of $500,000,000, or the foreign currency equivalent thereof, and whose long-term debt
is rated “A” or the equivalent thereof by Moody’s or S&P (or reasonably equivalent ratings of another internationally
recognized ratings agency);

(iv)       repurchase
obligations for underlying securities of the types described in clauses (ii) and (iii) above entered into with any financial institution
meeting the qualifications specified in clause (iii) above;

(v)       commercial
paper issued by a corporation (other than an Affiliate of the Parent) rated at least “A-1” or the equivalent thereof
by Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized ratings agency) and in each
case maturing within one year after the date of acquisition;

(vi)       readily
marketable direct obligations issued by any state of the United States of America or any political subdivision thereof having one
of the two highest rating categories obtainable from either Moody’s or S&P (or reasonably equivalent ratings of another
internationally recognized ratings agency) in each case with maturities not exceeding two years from the date of acquisition;

(vii)       Indebtedness
issued by Persons (other than the Sponsor or any of its Affiliates) with a rating of “A” or higher from S&P or
“A-2” or higher from Moody’s in each case with maturities not exceeding two years from the date of acquisition;
and

(viii)       investment
funds investing at least 95% of their assets in securities of the types described in clauses (i) through (vii) above.

(b)       Investments
(i) existing on the Effective Date, and set forth on Schedule 7.02, (ii) made pursuant to binding commitments (whether or not subject
to conditions) in effect on the Effective Date and set forth on Schedule 7.02 or (iii) that replace, refinance, refund, renew or
extend any Investment described under either of the immediately preceding clauses (i) or (ii) but not any increase in the amount
thereof unless required by the terms of the Investment or otherwise permitted hereunder;

(c)       (i)
Investments in the Parent and its Restricted Subsidiaries; provided that Investments by Loan Parties in Restricted Subsidiaries
that are not Loan Parties pursuant to this clause (c)(i) shall be subject to compliance with the Payment Conditions and (ii) Investments
by Loan Parties in Restricted Subsidiaries that are not Loan Parties up to $20,000,000;

(d)       Investments
consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit
in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled
account debtors to the extent reasonably necessary in order to prevent or limit loss;

    	- 48 -

     

    

(e)       Guarantees
constituting Permitted Indebtedness;

(f)       Investments
by any Loan Party in Swap Contracts permitted hereunder;

(g)       Investments
received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with customers
and suppliers, in each case in the ordinary course of business;

(h)       loans
or advances to officers, directors and employees of any Loan Party (or any direct or indirect parent thereof) or any of its Subsidiaries
(i) for reasonable and customary business-related travel, entertainment, relocation and analogous ordinary business purposes and
(ii) for any other purposes not described in the foregoing clause (i); provided that the aggregate principal amount outstanding
at any time under clause (ii) above shall not exceed $5,000,000;

(i)       advances
of payroll payments to employees in the ordinary course of business and Investments made pursuant to employment and severance arrangements
of officers and employees in the ordinary course of business and transactions pursuant to stock option plans and employee benefit
plans and arrangements in the ordinary course of business;

(j)       (i)
Investments constituting Permitted Acquisitions, (ii) Investments in an aggregate amount pursuant to this clause (j)(ii) not exceeding
$25,000,000 and (iii) subject to no Default or Event of Default, Acquisitions (for purposes of this subclause (iii), Acquisitions
shall include any transaction that would otherwise constitute an Acquisition in accordance with the definition thereof regardless
of the aggregate consideration payable in connection with such transaction) in an aggregate amount (such amount to exclude any
consideration funded with the net proceeds of any substantially concurrent issuance of Equity Interests) pursuant to this clause
(j)(iii) not exceeding $35,000,000 in any Fiscal Year;

(k)       Investments
consisting of deposits, prepayments and other credits to suppliers in the ordinary course of business;

(l)       the
endorsement of instruments for collection or deposit in the ordinary course of business;

(m)       Investments
consisting of non-cash consideration received in connection with the Permitted Dispositions;

(n)       [reserved];

(o)       Investments
of a Restricted Subsidiary acquired after the Effective Date or of an entity merged into or consolidated with a Restricted Subsidiary
in accordance with the definition of Unrestricted Subsidiary after the Effective Date to the extent that such Investments were
not made in contemplation of such acquisition, merger or consolidation and were in existence on the date of such acquisition, merger
or consolidation;

(p)       any
Investment consisting of intercompany current liabilities in connection with the cash management, tax and accounting operations
of the Keane Group or any transaction permitted under Section 7.09;

(q)       other
Investments not specifically described herein (other than the purchase or other acquisition of property and assets or businesses
of any Person or of assets constituting a business unit, a line of business or

    	- 49 -

     

    

 division of such
Person or Equity Interests in a Person that, upon the consummation thereof, will be a Restricted Subsidiary (including as a result
of a merger or consolidation)); provided that the Loan Parties shall have satisfied the Payment Conditions;

(r)       Investments
consisting of (i) purchases, redemptions or other acquisitions of any notes issued by the Parent or any of its Subsidiaries, or
(ii) cash, securities or other property in deposit or securities accounts created in connection with the redemption, defeasance,
repurchase, satisfaction or discharge of any such notes or any Permitted Refinancing in respect thereof, in each case, in accordance
with Section 7.07;

(s)       any
Investment made with Excluded Property, including, in each case, any such Investment made in an Unrestricted Subsidiary or joint
venture (or similar entity);

(t)       Investments
consisting of the licensing or contribution of intellectual property pursuant to joint marketing arrangements with other Persons;

(u)       Investments
consisting of purchases and acquisitions of inventory, supplies, materials and equipment or purchases of contract rights or licenses
or leases of intellectual property, in each case in the ordinary course of business;

(v)       Investments
made in connection with the Transactions;

(w)       Investments
by an Unrestricted Subsidiary entered into prior to the day such Unrestricted Subsidiary is redesignated as a Restricted Subsidiary
and not entered into in contemplation thereof;

(x)       Investments
in receivables owing to the Parent or any Restricted Subsidiary created or acquired in the ordinary course of business;

(y)       to
the extent constituting an Investment, Permitted Encumbrances or Permitted Indebtedness;

(z)       Investments
consisting of earnest money deposits required in connection with a purchase agreement, or letter of intent, or other acquisitions
to the extent not otherwise prohibited hereunder; and

(aa)     contributions to a “rabbi”
trust for the benefit of employees or other grantor trust subject to claims of creditors in the case of a bankruptcy of the Parent
or any of its Subsidiaries; and

(bb)     Investments the payment
for which consists of the Equity Interests of the Parent (other than Disqualified Stock) or any direct or indirect parent of the
Parent.

provided, however, that notwithstanding the
foregoing, after the occurrence and during the continuance of a Dominion Trigger Event, (i) no new Investments of the type specified
in clause (a) shall be permitted unless either (A) no Loans are then outstanding, or (B) the Investment is a temporary Investment
pending expiration of an Interest Period for a LIBOR Rate Loan, the proceeds of which Investment will be applied to the Obligations
after the expiration of such Interest Period, and (ii) to the extent not already subject to the perfected security interest of
the Collateral Agent under the Security Documents, such Investments are pledged to the Collateral Agent as additional collateral
for the Obligations pursuant to such agreements as may be reasonably required by the Collateral Agent.

    	- 50 -

     

    

“Permitted Overadvance”
means an Overadvance made by the Administrative Agent, in its Permitted Discretion, which:

(a)       is
made to maintain, protect or preserve the Collateral and/or the Credit Parties’ rights under the Loan Documents or which
is otherwise for the benefit of the Credit Parties; or

(b)       is
made to enhance the likelihood of, or to maximize the amount of, repayment of any Obligation; or

(c)       is
made to pay any other amount chargeable to any Loan Party hereunder; and

(d)       together
with all other Permitted Overadvances then outstanding, shall not (i) exceed ten percent (10%) of the Borrowing Base at any time
or (ii) remain outstanding for more than forty-five (45) consecutive Business Days, unless the Required Lenders otherwise agree;

provided, however, that the foregoing shall
not (i) modify or abrogate any of the provisions of Section 2.03 regarding the Lender’s obligations with respect to Letters
of Credit, or (ii) result in any claim or liability against the Administrative Agent (regardless of the amount of any Overadvance)
for Unintentional Overadvances, and such Unintentional Overadvances shall not reduce the amount of Permitted Overadvances allowed
hereunder; further provided that in no event shall the Administrative Agent make an Overadvance, if after giving
effect thereto, the principal amount of the Credit Extensions would exceed the Aggregate Commitments (as in effect prior to any
termination of the Commitments pursuant to Section 2.06 hereof); provided further that at the written direction
of the Required Lenders, the Administrative Agent shall cease making such Overadvances.

“Permitted Refinancing”
means, with respect to any Person, any modification, refinancing, refunding, renewal, replacement or extension of any Indebtedness
of such Person; provided that (a) the principal amount (or accreted value, if applicable) thereof does not exceed the principal
amount (or accreted value, if applicable) plus accrued and unpaid interest thereon of the Indebtedness so modified, refinanced,
refunded, renewed, replaced or extended except by an amount equal to unpaid accrued interest and premium (including any customary
tender premiums) thereon plus other amounts paid, and fees and expenses reasonably incurred, in connection with such modification,
refinancing, refunding, renewal, replacement or extension and by an amount equal to any existing commitments unutilized thereunder,
(b) such modification, refinancing, refunding, renewal, replacement or extension has a final maturity date equal to or later than
the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity
of, the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended (measured at the time such modification,
refinancing, refunding, renewal, replacement or extension occurs), (c) at the time thereof, no Event of Default shall have occurred
and be continuing, (d) to the extent such Indebtedness being modified, refinanced, refunded, renewed, replaced or extended is subordinated
in right of payment to the Obligations, such modification, refinancing, refunding, renewal, replacement or extension is subordinated
in right of payment to the Obligations on terms at least as favorable to the Lenders as those contained in the documentation governing
the Indebtedness being modified, refinanced, refunded, renewed, replaced or extended; provided that a certificate of a Responsible
Officer delivered to the Administrative Agent stating that the Lead Borrower has determined in good faith that such terms and conditions
satisfy the foregoing requirement shall be conclusive evidence that such terms and conditions satisfy the foregoing requirement
and (e) such modification, refinancing, refunding, renewal, replacement or extension is incurred by the Person who is the obligor
or guarantor of, and shall not have greater guarantees or security than, the Indebtedness being modified, refinanced, refunded,
renewed, replaced or extended (except in the case of the Designated Senior Indebtedness).

    	- 51 -

     

    

“Person” means any
natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, limited partnership,
Governmental Authority or other entity.

“Plan” means any “employee
benefit plan” (as such term is defined in Section 3(3) of ERISA) established or maintained by a Borrower or, with respect
to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any ERISA Affiliate.

“Platform” has the
meaning specified in Section 6.02.

“Preferred Stock”
means any Equity Interest with preferential right of payment of dividends or upon liquidation, dissolution, or winding up.

“Prepayment Event”
means:

(a)       any
Disposition of any property or asset of a Loan Party of the type included in the Borrowing Base; provided that unless a
Dominion Trigger Event is continuing, any such Dispositions generating Net Proceeds not in excess of $25,000,000, or consisting
of Dispositions in the ordinary course of business, in each case, shall not be a Prepayment Event;

(b)       any
casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of any
property or asset of a Loan Party of the type included in the Borrowing Base; provided that unless a Dominion Trigger Event
is continuing, any such transaction generating Net Proceeds not in excess of $25,000,000 shall not be a Prepayment Event,

unless in either case of clause (a) or (b), (i) the proceeds
therefrom are required to be paid to the holder of a Lien on such property or asset having priority over the Lien of the Collateral
Agent or (ii) prior to the occurrence of a Dominion Trigger Event, the proceeds therefrom are utilized for purposes of replacing
or repairing the assets in respect of which such proceeds, awards or payments were received within 12 months of the receipt of
such proceeds, or committed to be so utilized within such period and are actually utilized within the later of such 12-month period
or 6 months after such commitment.

“Real Estate” means
all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter
owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies,
and occupancies thereof.

“Register” has the
meaning specified in Section 10.06(c).

“Registered Public Accounting
Firm” has the meaning specified by the Securities Laws and shall be independent of the Keane Group as prescribed by the
Securities Laws.

“Related Parties”
means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents and
advisors of such Person and of such Person’s Affiliates.

“Release” means any release,
spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into or through
the Environment or within, from or into any building, structure, facility or fixture.

 

“Reportable Event”
means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived.

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“Reports” has the
meaning provided in Section 9.12(b).

“Request for Credit Extension”
means (a) with respect to a Borrowing, Conversion or continuation of Committed Loans, a Committed Loan Notice, (b) with respect
to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice.

“Required Lenders”
means, as of any date of determination, at least two Lenders holding more than 50% of the Aggregate Commitments or, if the commitment
of each Lender to make Loans and the obligation of each L/C Issuer to make L/C Credit Extensions have been terminated pursuant
to Section 8.02, at least two Lenders holding in the aggregate more than 50% of the Total Outstandings (with the aggregate amount
of each Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held”
by such Lender for purposes of this definition); provided that the Commitment of, and the portion of the Total Outstandings
held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders.

“Reserved Swap Contracts”
means any Bank Products in the form of Swap Contracts with respect to which the Lead Borrower and the provider thereof have notified
the Administrative Agent of the intent to include such Reserved Swap Contracts as permitted to be repaid under clause seventh
of the default waterfall set forth in Section 8.03 and with respect to which the Administrative Agent in its Permitted Discretion
in accordance with the provisions of Section 2.01(b) establishes a Bank Product Reserve in respect thereof in an amount
not exceeding the Swap Termination Value in respect thereof so long as no Overadvance would result from the establishment of a
Bank Product Reserve for such amount and for all other Reserved Swap Contracts.

“Reserves” means all
(if any) Inventory Reserves and Availability Reserves.

“Responsible Officer”
means the chief executive officer, president, chief financial officer, vice president, treasurer or assistant treasurer, or secretary
or assistant secretary of a Loan Party (or any individual performing substantially similar functions regardless of his or her title)
or any of the other individuals designated in writing to the Administrative Agent by an existing Responsible Officer of a Loan
Party as an authorized signatory of any certificate or other document to be delivered hereunder. Any document delivered hereunder
that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary
corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed
to have acted on behalf of such Loan Party.

“Restricted Payment”
means the declaration or payment of any dividend or other distribution (whether in cash, securities or other property) on account
of any Equity Interests of the Parent or any Restricted Subsidiary, or any payment (whether in cash, securities or other property),
including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation,
termination of, or other acquisition for value of, any such Equity Interests.

“Restricted Subsidiary”
means, at any time, any direct or indirect Subsidiary of the Parent that is not then an Unrestricted Subsidiary; provided
that upon an Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such Subsidiary shall be included in the definition
of “Restricted Subsidiary.”

“S&P” means Standard
& Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. and any successor thereto.

“Sanction(s)” means
any applicable economic sanctions program having the force of law administered or enforced by the United States Government (including
without limitation, OFAC), the United Nations Security Council, the European Union, Her
Majesty’s Treasury or other relevant sanctions authority.

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“Sarbanes-Oxley” means
the Sarbanes-Oxley Act of 2002.

“SEC” means the Securities
and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.

“Securities Laws”
means the Securities Act of 1933, the Securities Exchange Act of 1934, Sarbanes-Oxley, and the applicable accounting and auditing
principles, rules, standards and practices promulgated, approved or incorporated by the SEC or the PCAOB.

“Security Agreement”
means the Security Agreement dated as of the Effective Date among the Loan Parties and the Collateral Agent in the form of Exhibit
J hereto.

“Security Documents”
means the Security Agreement, the Blocked Account Agreements and each other security agreement or other instrument or document
executed and delivered by any Loan Party to the Collateral Agent pursuant to this Agreement or any other Loan Document granting
a Lien to secure any of the Obligations.

“Shareholders’ Equity”
means, as of any date of determination, consolidated shareholders’ equity of the Keane Group as of that date determined in
accordance with GAAP.

“Settlement Date”
has the meaning provided in Section 2.14(a).

“Similar Business”
means any business conducted or proposed to be conducted by the Parent and its Restricted Subsidiaries on the Effective Date or
any business that is similar, reasonably related, incidental, ancillary or complementary thereto, or is a reasonable extension,
development or expansion thereof.

“Solvent” and “Solvency”
mean, with respect to any Person on a particular date, that on such date (a) at fair valuation, all of the properties and assets
of such Person are greater than the sum of the debts, including contingent liabilities, of such Person, (b) the present fair saleable
value of the properties and assets of such Person will be greater than the amount that would be required to pay the probable liability
of such Person on its debts and other liabilities, subordinated, contingent or otherwise, as they become absolute and matured,
(c) such Person is able to realize upon its properties and assets and pay its debts and other liabilities, contingent obligations
and other commitments as they mature in the normal course of business, (d) such Person does not intend to, and does not believe
that it will, incur debts beyond such Person’s ability to pay as such debts mature, and (e) such Person is not engaged in
a business or a transaction, and is not about to engage in a business or transaction, for which such Person’s properties
and assets would constitute unreasonably small capital after giving due consideration to the prevailing practices in the industry
in which such Person is engaged. The amount of all guarantees at any time shall be computed as the amount that, in light of all
the facts and circumstances existing at the time, can reasonably be expected to become an actual or matured liability.

“Specified Existing Commitment
Class” has the meaning specified in Section 2.16(a).

“Specified Transaction”
means any incurrence or repayment of Indebtedness (other than for working capital purposes) or Investment or capital contribution
that results in a Person becoming a Restricted Subsidiary or an Unrestricted Subsidiary, any acquisition or any disposition that
results in a Restricted Subsidiary ceasing to be a Subsidiary of the Parent, any Investment constituting an acquisition of assets constituting a business unit, 

    	- 54 -

     

    

line of business
or division of another Person, or any Disposition of a business unit, line of business or division of the Parent or a Restricted
Subsidiary, in each case whether by merger, consolidation, amalgamation or otherwise.

“Sponsor” means Cerberus
Capital Management L.P.

“Sponsor Affiliated Lender”
means financial institutions (including commercial finance companies), investment funds or managed accounts with respect to which
any Sponsor or an Affiliate of such Sponsor is an Affiliate or an advisor or manager in the ordinary course of business, provided,
that, (a) no Sponsor Affiliated Lender shall have any right to (i) attend (including by telephone) any meeting or discussions (or
portion thereof) among the Administrative Agent or any Lender to which representatives of the Loan Parties are not invited, and
(ii) receive any information or material prepared by, or for the use of, the Administrative Agent or any Lender (including, without
limitation any commercial finance examinations or appraisals) or any communication by or among Administrative Agent and/or one
or more Lenders, except to the extent such information or materials have been made available to any Loan Party or its representatives
(and in any case, other than the right to receive notices of prepayments and other administrative notices in respect of its Loans),
or (iii) make or bring (or participate in, other than as a passive participant in or recipient of its pro rata benefits of) any
claim, in its capacity as a Lender, against the Administrative Agent or any other Lender or any of their respective Affiliates
with respect to any duties or obligations or alleged duties or obligations of the Administrative Agent or any other such Lender
under the Loan Documents and (b) each Sponsor Affiliated Lender (other than an Affiliated Debt Fund) shall be deemed to have voted
in the same proportion as Lenders that are not Sponsor Affiliated Lenders in connection with any amendment, waiver or consent hereunder,
except that (i) the Commitment of a Sponsor Affiliated Lender may not be increased or extended without the consent of such Lender
and (ii) Sponsor Affiliated Lenders shall be entitled to vote in connection with any amendment, waiver or consent hereunder that
adversely affects the Sponsor Affiliated Lender disproportionately as compared to other affected Lenders. For clarity, except as
provided in clause (b) above, if any action requires the consent of any “affected Lender,” the Sponsor Affiliated Lender
shall be deemed to have consented to such action.

“Standby Letter of Credit”
means any Letter of Credit that is not a Commercial Letter of Credit.

“Stated Amount” means
at any time the maximum amount for which a Letter of Credit may be honored.

“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 FRB to which the Administrative Agent is subject, for eurocurrency funding (currently
referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those
imposed pursuant to such Regulation D. LIBOR Rate 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”
means Indebtedness which is expressly subordinated in right of payment to the prior payment in full of the Obligations pursuant
to subordination provisions in form and on terms reasonably approved in writing by the Administrative Agent.

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“Subsidiary” or “subsidiary”
means, with respect to any Person, any corporation, limited liability company, limited liability partnership or other limited or
general partnership, trust, association or other business entity of which an aggregate of at least a majority of the outstanding
Equity Interests or other interests entitled to vote in the election of the board of directors of such corporation (irrespective
of whether, at the time, Equity Interests of any other class or classes of such corporation shall have or might have voting power
by reason of the happening of any contingency), managers, trustees or other controlling persons, or an equivalent controlling interest
therein, of such Person is, at the time, directly or indirectly, owned by such Person and/or one or more subsidiaries of such Person.

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

“Swap Obligation”
means any obligation under a Swap Contract.

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

“Swing Line” means
the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

“Swing Line Borrowing”
means a borrowing of a Swing Line Loan pursuant to Section 2.04.

“Swing Line Lender”
means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

“Swing Line Loan”
has the meaning specified in Section 2.04(a).

“Swing Line Loan Notice”
means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form
of Exhibit B or such other form as approved by the Administrative Agent (including any form on an electronic platform or
electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible
Officer of the Borrower.

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“Swing Line Note”
means the promissory note of the Borrowers substantially in the form of Exhibit C-2, payable to the Swing Line Lender
or its registered assigns, evidencing the Swing Line Loans made by the Swing Line Lender.

“Swing Line Sublimit”
means an amount equal to the lesser of (a) $15,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is
part of, and not in addition to, the Aggregate Commitments.

“Synthetic Lease Obligation”
means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an
agreement for the use or possession of property (including sale and leaseback transactions), in each case, creating obligations
that do not appear on the balance sheet of such Person but which, upon the application of any Debtor Relief Laws to such Person,
would be characterized as the indebtedness of such Person (without regard to accounting treatment).

“Taxes” means all
present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any Governmental
Authority, including any interest, additions to tax or penalties applicable thereto.

“Termination Date”
means the earliest to occur of (a) the latest Maturity Date of any Class of Loans, (b) the date on which the maturity of the Obligations
is accelerated (or deemed accelerated) and the Commitments are irrevocably terminated (or deemed terminated) in accordance with
Article VIII, or (c) the termination of the remaining Commitments in accordance with the provisions of Section 2.06 hereof.

“Total Assets” means
the total consolidated assets of the Keane Group, as shown on the most recent financial statements of the Parent that the Administrative
Agent has received in accordance with the terms of this Agreement.

“Total Net Debt” shall
mean, as of any date of determination, (a) the aggregate principal amount of Indebtedness of the Parent on a Consolidated basis
outstanding on such date, in an amount that would be reflected on a balance sheet prepared as of such date on a Consolidated basis
in accordance with GAAP, minus (b) the aggregate amount of cash and Cash Equivalents (other than restricted cash and Cash
Equivalents), not to exceed $100,000,000, in each case, included on the consolidated balance sheet of the Parent and its Restricted
Subsidiaries as of such date; provided, that Indebtedness in respect of Swap Contracts (if any) shall only be included for
purposes of clause (a) above to the extent (and only in the amount of any excess by which) the aggregate Swap Termination
Value in respect of such Swap Contracts exceeds $5,000,000.

“Total Net Leverage Ratio”
means as of any date, the ratio of (a) Total Net Debt outstanding on such date to (b) Consolidated EBITDA for the latest Measurement
Period ending closest to such date, all calculated for the Parent on a Consolidated basis.

“Total Outstandings”
means the aggregate Outstanding Amount of all Loans and all L/C Obligations; provided that for purposes of Section 2.09(a),
the Total Outstandings shall not include the outstanding amount of any Swing Line Loans.

“Transactions” means,
collectively, (a) the execution and delivery of this Agreement and the Loan Documents to be entered into on the Effective Date,
(b) the execution and delivery of the amendment to the Existing Note Purchase Agreement and any other agreements, instruments and
documents to be entered therewith on the Effective Date, and the repayment in full or in part of the Existing NPA Debt, (c) the repayment in full of the Indebtedness
under,

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 and the termination of, the Existing ABL Credit Agreement, (d) the repayment in full of the Indebtedness under, and the
termination of, the Existing Term Loan Credit Agreement, (e) the consummation of any other transactions in connection with the
foregoing, (f) the consummation of any Designated Senior Indebtedness, and (g) the payment of fees, premiums and expenses in connection
with the foregoing.

“Trican Transaction”
means the acquisition of certain assets located in the United States by the Lead Borrower pursuant to the Asset Purchase Agreement,
dated as of January 25, 2016 by and among Trican Well Services Ltd., the Seller Companies (as defined therein), the Lead Borrower
and Keane Frac, LP, and the transaction related thereto.

“Type” means, with
respect to a Committed Loan, its character as a Base Rate Loan or a LIBOR Rate Loan.

“UCC” means the Uniform
Commercial Code as in effect in the State of New York, and any successor statute, as in effect from time to time (except that terms
used herein which are defined in the Uniform Commercial Code as in effect in the State of New York on the Effective Date shall
continue to have the same meaning notwithstanding any replacement or amendment of such statute except as Agent may otherwise determine);
provided, however, that at any time, if by reason of mandatory provisions of law, any or all of the perfections or
priority of Agent’s security interest in any item or portion of the Collateral is governed by the Uniform Commercial Code
as in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code
as in effect in such other jurisdictions and any successor statute, as in effect from time to time, for purposes of the provisions
hereof relating to such perfection or priority or for purposes of definitions relating to such provisions.

“UFCA” has the meaning
specified in Section 10.20(d).

“UFTA” has the meaning
specified in Section 10.20(d).

“Unintentional Overadvance”
means an Overadvance which, to the Administrative Agent’s knowledge, did not constitute an Overadvance when made but which
has become an Overadvance resulting from changed circumstances beyond the control of the Credit Parties, including, without limitation,
a reduction in the Appraised Value of property or assets included in the Borrowing Base or misrepresentation by the Loan Parties.

“United States” and
“U.S.” mean the United States of America.

“Unaudited Financial Statements”
shall mean the unaudited financial statements of the Lead Borrower for the Fiscal Quarter period ending September 30, 2016.

“United States Tax Compliance
Certificate” has the meaning specified in Section 3.01(e)(2)(iii).

“Unreimbursed Amount”
has the meaning specified in Section 2.03(c)(i).

“Unrestricted Subsidiary”
means (a) as of the Effective Date, each Subsidiary of the Parent listed on Schedule 1.04, (b) any Subsidiary of the Parent
designated by the Board of Directors of the Lead Borrower as an Unrestricted Subsidiary pursuant to this definition subsequent
to the Effective Date, and (c) any Subsidiary of an Unrestricted Subsidiary. The Lead Borrower may at any time after the Effective
Date designate any Restricted Subsidiary an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary;
provided that (i) immediately before and after such designation, no Default shall have occurred and be continuing, (ii)
after giving effect to such designation on a pro forma basis, the

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Consolidated Fixed Charge Coverage Ratio for the Measurement
Period most recently ended on or prior to the date of such designation is at least 1.00 to 1.00, (iii) the Loan Parties shall have
satisfied the Payment Conditions with respect to Restricted Payments, and (iv) no Restricted Subsidiary may be designated as an
Unrestricted Subsidiary if it is a “Restricted Subsidiary” for the purpose of the Designated Senior Indebtedness. Other
than with respect to Subsidiaries designated as Unrestricted Subsidiaries on the Effective Date, the designation of any Restricted
Subsidiary as an Unrestricted Subsidiary after the Effective Date shall constitute an Investment by the Parent therein at the date
of designation in an amount equal to the Fair Market Value of the Parent’s and its Subsidiaries’ investment therein.
Other than with respect to Subsidiaries designated as Unrestricted Subsidiaries on the Effective Date designation of any Unrestricted
Subsidiary as a Restricted Subsidiary shall constitute (i) the incurrence at the time of designation of any Investment, Indebtedness
or Liens of such Subsidiary existing at such time and (ii) a return on any Investment by the Parent in such Unrestricted Subsidiary
pursuant to the preceding sentence in an amount equal to the Fair Market Value at the date of such designation of the Borrowers’
Investment in such Subsidiary.

“U.S. Lender” means
any Lender that is a “United States person” as defined in Section 7701(a)(30) of the Code.

“Voting Stock” means
with respect to any Person, (a) one (1) or more classes of Equity Interests of such Person having general voting powers to elect
at least a majority of the board of directors, managers or trustees of such Person, irrespective of whether at the time Equity
Interests of any other class or classes have or might have voting power by reason of the happening of any contingency, and (b)
any Equity Interests of such Person convertible or exchangeable without restriction at the option of the holder thereof into Equity
Interests of such Person described in clause (a) of this definition.

“Weighted Average Life to Maturity”
means, when applied to any Indebtedness at any date, the quotient obtained by dividing (a) the sum of the products of the number
of years from the date of determination to the date of each successive scheduled principal payment of such Indebtedness multiplied
by the amount of such payment, by (b) the sum of all such payments.

“Write-Down and Conversion
Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution
Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion
powers are described in the EU Bail-In Legislation Schedule.

1.02     Other
Interpretive Provisions. With reference to this Agreement and each other Loan Document, unless otherwise specified herein
or in such other Loan Document: 

(a)      The
definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may
require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes”
and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will”
shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise,
(i) any definition of or reference to any agreement, instrument or other document (including any Organization Document) shall be
construed as referring to such agreement, instrument or other document as from time to time amended, restated, supplemented or
otherwise modified (subject to any restrictions on such amendments, restatements, supplements or modifications set forth herein
or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors
and assigns, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar import
when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision

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thereof, (iv) all references in
a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits
and Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and
regulatory provisions consolidating, amending replacing or interpreting such law and any reference to any law or regulation shall,
unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) the
words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any
and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights.

(b)       In
the computation of periods of time from a specified date to a later specified date, unless otherwise expressly provided, the word
“from” means “from and including”; the words “to” and “until” each mean “to
but excluding”; and the word “through” means “to and including.”

(c)      Section
headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation
of this Agreement or any other Loan Document.

1.03     Accounting
Terms.

(a)      Generally.
All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data
(including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared
in conformity with, GAAP, applied on a consistent basis, as in effect from time to time, except as otherwise specifically prescribed
herein and without including the effect of any changes to lease accounting that requires the assets and liabilities arising under
operating leases to be recognized in any statement of financial position.

(b)      Changes
in GAAP. 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 either the Lead Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders
and the Lead Borrower 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, (i)
such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Lead
Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this
Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement
made before and after giving effect to such change in GAAP.

1.04     Rounding.
Any financial ratios required to be maintained by the Loan Parties pursuant to this Agreement shall be calculated by dividing the
appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio
is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

1.05     Times
of Day. Unless otherwise specified, all references herein to times of day shall be references to Eastern Time (daylight or
standard, as applicable).

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1.06     Pro
Forma Calculations.

   (a)       Notwithstanding anything to the contrary herein, the Consolidated
Fixed Charge Coverage Ratio and the Total Net Leverage Ratio shall be calculated in the manner prescribed by this Section 1.06.

   (b)       For
purposes of calculating the Consolidated Fixed Charge Coverage Ratio and the Total Net Leverage Ratio, Specified Transactions
(and the incurrence or repayment of any Indebtedness in connection therewith) that have been made (i) during the applicable Measurement
Period and (ii) subsequent to such Measurement Period and prior to or simultaneously with the event for which the calculation
of any such ratio is made shall be calculated on a pro forma basis assuming that all such Specified Transactions (and any increase
or decrease in Consolidated EBITDA and the component financial definitions used therein attributable to any Specified Transaction)
had occurred on the first day of the applicable Measurement Period. If since the beginning of any applicable Measurement Period
any Person that subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into the Parent
or any of its Subsidiaries since the beginning of such Measurement Period shall have made any Specified Transaction that would
have required adjustment pursuant to this Section 1.06, then the Consolidated Fixed Charge Coverage Ratio and the Total Net Leverage
Ratio shall be calculated to give pro forma effect thereto in accordance with this Section 1.06.

   (c)       Whenever
pro forma effect is to be given to a Specified Transaction, the pro forma calculations shall be made in good faith by a responsible
financial or accounting officer of the Lead Borrower and may include, without duplication, cost savings, operating expense reductions,
restructuring charges and expenses and cost-saving synergies resulting from such Investment, acquisition, disposition, merger,
consolidation or discontinued operation or other transaction, in each case calculated in the manner described in the definition
of Consolidated EBITDA.

   (d)       Interest
on a Capital Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or
accounting officer of the Lead Borrower to be the rate of interest implicit in such Capital Lease Obligation in accordance with
GAAP. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar
rate, a London interbank offered rate, or other rate, shall be determined to have been based upon the rate actually chosen, or
if none, then based upon such optional rate chosen as the Lead Borrower or Subsidiary may designate.

   (e)       Notwithstanding
anything in this Agreement to the contrary, with respect to any Designated Acquisition and the incurrence of any Designated Indebtedness
or Lien in connection therewith, compliance with the Payment Conditions test required by this Agreement for such Designated Acquisition
or such Designated Indebtedness shall be determined on the date the definitive acquisition agreement for such Designated Acquisition
is entered into and, only with respect to the tests described in clause (b)(i)(A) and (b)(ii) of the definition of “Payment
Conditions”, at the time of closing of such Designated Acquisition and incurrence of such Designated Indebtedness and, thereafter
until consummation of such Designated Acquisition or the termination of such definitive agreement relating to such Designated
Acquisition, all other incurrence tests under this Agreement shall be required to be complied with on an actual basis without
giving effect to such Designated Acquisition and on a pro forma basis after giving effect to such Designated Acquisition and the
incurrence of such Designated Indebtedness.

1.07     Letter
of Credit Amounts. Unless otherwise specified, all references herein to the amount of a Letter of Credit at any time shall
be deemed to be the Stated Amount of such Letter of Credit in effect at such time; provided, however, that with respect
to any Letter of Credit that, by its terms of any Issuer Documents related thereto, 

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provides for one or more
automatic increases in the Stated Amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum Stated
Amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum Stated Amount is in effect
at such time.

1.08     Certifications.
All certifications to be made hereunder by an officer or representative of a Loan Party shall be made by such Person in his or
her capacity solely as an officer or a representative of such Loan Party, on such Loan Party’s behalf, and not in such Person’s
individual capacity.

ARTICLE II

THE COMMITMENTS AND CREDIT EXTENSIONS

2.01     Committed
Loans; Reserves.

(a)       Subject
to the terms and conditions set forth herein, each Lender severally agrees to make loans in Dollars (each such loan, a “Committed
Loan”) to the Borrowers from time to time, on any Business Day during the Availability Period, in an aggregate amount
not to exceed at any time outstanding the lesser of (x) the amount of such Lender’s Commitment, or (y) such Lender’s
Applicable Percentage of the Borrowing Base; subject in each case to the following limitations:

(i)       after
giving effect to any Committed Borrowing, the Total Outstandings shall not exceed the Loan Cap,

 (ii)       after
giving effect to any Committed Borrowing, the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such
Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable
Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed the lesser of (x) such Lender’s Commitment
and (y) such Lender’s Applicable Percentage of the Borrowing Base, and

  (iii)        the
Outstanding Amount of all L/C Obligations shall not at any time exceed the Letter of Credit Sublimit.

Within the limits of each Lender’s
Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01, prepay under
Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or LIBOR Rate Loans, as further provided
herein.

(b)       The
Administrative Agent shall have the right, at any time and from time to time after the Effective Date in its Permitted Discretion
to establish, modify or eliminate Reserves upon three (3) Business Days’ prior written notice to the Lead Borrower (during
which period the Administrative Agent shall be available to discuss in good faith any such proposed Reserve with the Lead Borrower
and the Loan Parties may take such action as may be required so that the event, condition or matter that is the basis for such
Reserve or modification no longer exists); provided that no such prior notice shall be required for (1) changes to any Reserves
resulting solely by virtue of mathematical calculations of the amount of the Reserve in accordance with the methodology of calculation
previously utilized, or (2) changes to Reserves or establishment of additional Reserves if it would be reasonably likely that a
Material Adverse Effect to the Lenders would occur were such Reserve not changed or established prior to the expiration of such
three (3) Business Day period, or (3) changes to Reserves when a Default or Event of Default exists. Promptly after the Administrative
Agent has knowledge that the event, condition or matter which is the basis for the establishment of a Reserve no
longer exists, the Administrative Agent shall eliminate such Reserve.

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2.02     Borrowings,
Conversions and Continuations of Committed Loans.

(a)        Committed
Loans (other than Swing Line Loans) shall be either Base Rate Loans or LIBOR Rate Loans as the Lead Borrower may request subject
to and in accordance with this Section 2.02. All Swing Line Loans shall be only Base Rate Loans. Subject to the other provisions
of this Section 2.02, Committed Borrowings of more than one Type may be incurred at the same time.

(b)        Each
Committed Borrowing, each Conversion of Committed Loans from one Type to the other, and each continuation of LIBOR Rate Loans shall
be made upon the Lead Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such
notice must be received by the Administrative Agent not later than 12:00 p.m. (i) three (3) Business Days prior to the requested
date of any Borrowing of, Conversion to or continuation of LIBOR Rate Loans or of any Conversion of LIBOR Rate Loans to Base Rate
Loans, and (ii) one Business Day prior to the requested date of any Borrowing of Base Rate Loans; provided, however,
that if the Lead Borrower wishes to request LIBOR Rate Loans having an Interest Period of twelve months in duration as provided
in the definition of “Interest Period,” the applicable notice must be received by the Administrative Agent not later
than 11:00 a.m. four Business Days prior to the requested date of such Borrowing, conversion or continuation, whereupon the Administrative
Agent shall give prompt notice to the Appropriate Lenders of such request and determine whether the requested Interest Period is
acceptable to all of them. Not later than 11:00 a.m., three Business Days before the requested date of such Borrowing, conversion
or continuation, the Administrative Agent shall notify the Lead Borrower (which notice may be by telephone) whether or not the
requested Interest Period has been consented to by all the Lenders. Each telephonic notice by the Lead Borrower pursuant to this
Section 2.02(b) must be confirmed promptly by delivery to the Administrative Agent of a written Committed Loan Notice, appropriately
completed and signed by a Responsible Officer of the Lead Borrower. Each Borrowing of, Conversion to or continuation of LIBOR Rate
Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof. Except as provided in Sections
2.03(c) and 2.04(c), each Borrowing of or Conversion to Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple
of $100,000 in excess thereof. Each Committed Loan Notice (whether telephonic or written) shall specify (i) whether the Lead Borrower
is requesting a Committed Borrowing, a Conversion of Committed Loans from one Type to the other, or a continuation of LIBOR Rate
Loans, (ii) the requested date of the Borrowing, Conversion or continuation, as the case may be (which shall be a Business Day),
(iii) the principal amount of Committed Loans to be borrowed, Converted or continued, (iv) the Class and Type of Committed Loans
to be borrowed or to which existing Committed Loans are to be Converted, and (v) if applicable, the duration of the Interest Period
with respect thereto. If the Lead Borrower fails to specify a Type of Committed Loan in a Committed Loan Notice or if the Lead
Borrower fails to give a timely notice requesting a Conversion or continuation, then the applicable Committed Loans shall be made
as, or Converted to, Base Rate Loans. Any such automatic Conversion to Base Rate Loans shall be effective as of the last day of
the Interest Period then in effect with respect to the applicable LIBOR Rate Loans. If the Lead Borrower requests a Borrowing of,
Conversion to, or continuation of LIBOR Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period,
it will be deemed to have specified an Interest Period of one month. Notwithstanding anything to the contrary herein, a Swing Line
Loan may not be Converted to a LIBOR Rate Loan.

(c)        Following
receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each Lender of the relevant Class of the amount
of its Applicable Percentage of the applicable Class of Committed Loans, and if no timely notice of a Conversion or continuation
is provided by the Lead Borrower, the Administrative Agent shall notify each Lender of the details of any automatic Conversion
to Base Rate Loans described in Section 2.02(b). In the case of a Committed Borrowing, each Lender shall make the amount of its
Committed Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office
not later than 1:00 p.m. on the Business Day specified in the applicable Committed Loan Notice. 

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Upon satisfaction of the applicable
conditions set forth in Section 4.02, the Administrative Agent shall use reasonable efforts to make all funds so received available
to the Borrowers in like funds by no later than 4:00 p.m. on the day of receipt by the Administrative Agent either, at the option of the
Lead Borrower, by (i) crediting the account of the Lead Borrower on the books of Bank of America with the amount of
such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably
acceptable to) the Administrative Agent by the Lead Borrower; provided, however, that if, on the date the
Committed Loan Notice with respect to such Borrowing is given by the Lead Borrower, there are L/C Borrowings outstanding,
then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second,
shall be made available to the Borrowers as provided above.

(d)        The
Administrative Agent, without the request of (but with notice to) the Lead Borrower, may advance any interest, fee, service charge,
expenses, or other payment to which any Credit Party is entitled from the Loan Parties pursuant hereto or any other Loan Document
and may charge the same to the Loan Account notwithstanding that an Overadvance may result thereby, except that with respect to
any third-party fees and expenses, the Administrative Agent shall only make such an advance in the event that the Borrowers, after
receipt of an invoice therefor, fail to make such payment when due. The Administrative Agent shall advise the Lead Borrower of
any such advance or charge promptly after the making thereof. Such action on the part of the Administrative Agent shall not constitute
a waiver of the Administrative Agent’s rights and the Borrowers’ obligations under Section 2.05(c). Any amount which
is added to the principal balance of the Loan Account as provided in this Section 2.02(d) shall bear interest at the interest rate
then and thereafter applicable to Base Rate Loans.

(e)        Except
as otherwise provided herein, a LIBOR Rate Loan may be continued or Converted only on the last day of an Interest Period for such
LIBOR Rate Loan. During the existence of an Event of Default, no Loans may be requested as, Converted to or continued as LIBOR
Rate Loans without the consent of the Required Lenders.

(f)        The
Administrative Agent shall promptly notify the Lead Borrower and the Lenders of the interest rate applicable to any Interest Period
for LIBOR Rate Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative
Agent shall notify the Lead Borrower and the Lenders of any change in Bank of America’s prime rate used in determining the
Base Rate promptly following the public announcement of such change.

(g)        After
giving effect to all Committed Borrowings, all Conversions of Committed Loans from one Type to the other, and all continuations
of Committed Loans as the same Type, there shall not be more than ten (10) Interest Periods in effect with respect to LIBOR Rate
Loans.

(h)        The
Administrative Agent, the Lenders, the Swing Line Lender and each L/C Issuer shall have no obligation to make any Loan or to provide
any Letter of Credit if an Overadvance would result. The Administrative Agent may, in its discretion, make Permitted Overadvances without the consent of the Borrowers,
the Lenders, 

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the Swing Line Lender and each L/C Issuer and the Borrowers and each Lender shall be bound thereby. Any Permitted
Overadvance may constitute a Swing Line Loan. A Permitted Overadvance is for the account of the Borrowers and shall constitute
a Base Rate Loan and an Obligation and shall be repaid by the Borrowers in accordance with the provisions of Section 2.05(c). The
making of any such Permitted Overadvance on any one occasion shall not obligate the Administrative Agent or any Lender to make
or permit any Permitted Overadvance on any other occasion or to permit such Permitted Overadvances to remain outstanding. The making
by the Administrative Agent of a Permitted Overadvance shall not modify or abrogate any of the provisions of Section 2.03 regarding
the Lenders’ obligations to purchase participations with respect to Letters of Credit or of Section 2.04 regarding the Lenders’
obligations to purchase participations with respect to Swing Line Loans. The Administrative Agent shall have no liability for,
and no Loan Party or Credit Party shall have the right to, or shall, bring any claim of any kind whatsoever against the Administrative
Agent with respect to Unintentional Overadvances regardless of the amount of any such Overadvance(s).

2.03     Letters
of Credit.

(a)     The Letter of Credit Commitment.

(i)       Subject to the terms and conditions set forth herein, (A) each L/C Issuer
agrees, in reliance (among other things) upon the agreements of the Lenders set forth in this Section 2.03, (1) from time to
time on any Business Day during the period from the Effective Date until the Letter of Credit Expiration Date, to issue
Letters of Credit for the account of the Borrowers, and to amend or extend Letters of Credit previously issued by it, in
accordance with Section 2.03(b) below, and (2) to honor drawings under the Letters of Credit issued by it; and (B) the
Lenders severally agree to participate in Letters of Credit issued for the account of the Borrowers and any drawings
thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (x)
the Total Outstandings shall not exceed the Loan Cap, (y) the aggregate Outstanding Amount of the Committed Loans of any
Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus
such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such
Lender’s Commitment or such Lender’s Applicable Percentage of the Borrowing Base, and (z) the Outstanding Amount
of the L/C Obligations shall not exceed the Letter of Credit Sublimit. Each request by the Lead Borrower for the issuance or
amendment of a Letter of Credit shall be deemed to be a representation by the Borrowers that the L/C Credit Extension so
requested complies with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and
subject to the terms and conditions hereof, the Borrowers’ ability to obtain Letters of Credit shall be fully
revolving, and accordingly the Borrowers may, during the foregoing period, obtain Letters of Credit to replace Letters of
Credit that have expired or that have been drawn upon and reimbursed.

(ii)        No L/C Issuer shall issue any Letter of Credit,
if:

(A)       subject
to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit would occur more than twelve months after the date
of issuance or last extension, unless the Required Lenders and the applicable L/C Issuer have approved such expiry date;

(B)       During
the period after which the Lead Borrower notifies the L/C Issuers (through the Administrative Agent) that it intends to make a
Specified Equity Contribution, but prior to the receipt by the Parent of such proceeds; or

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(C)       the
expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless either such Letter
of Credit is Cash Collateralized on or prior to the date of issuance of such Letter of Credit (or such later date as to which the
Administrative Agent and the applicable L/C Issuer may agree) or all the Lenders have approved such expiry date.

(iii)       No L/C Issuer shall issue any Letter of Credit
without the prior consent of the Administrative Agent (and even with such consent shall not be obligated to issue such Letter of
Credit unless otherwise consented to by such L/C Issuer in its sole discretion) if:

(A)       any
order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such L/C
Issuer from issuing such Letter of Credit, or any Law applicable to such L/C Issuer or any request or directive (whether or not
having the force of law) from any Governmental Authority with jurisdiction over such L/C Issuer shall prohibit, or request that
such L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose
upon such L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement (for which such L/C
Issuer is not otherwise compensated hereunder) not in effect on the Effective Date, or shall impose upon such L/C Issuer any unreimbursed
loss, cost or expense which was not applicable on the Effective Date and which such L/C Issuer in good faith deems material to
it;

(B)       the
issuance of such Letter of Credit would violate one or more policies of such L/C Issuer applicable to letters of credit generally;

(C)       such
Letter of Credit is to be denominated in a currency other than Dollars; provided that if such L/C Issuer, in its discretion,
issues a Letter of Credit denominated in a currency other than Dollars, all reimbursements by the Borrowers of the honoring of
any drawing under such Letter of Credit shall be paid in the currency in which such Letter of Credit was denominated;

(D)       such
Letter of Credit contains any provisions for automatic reinstatement of the Stated Amount after any drawing thereunder;

(E)       a
default of any Lender’s obligations to fund under Section 2.03(c) exists or any Lender is at such time a Defaulting Lender
hereunder, except as provided in Section 9.16;

(F)       the
aggregate Outstanding Amount of L/C Obligations in respect of Letters of Credit issued by such L/C Issuer would exceed such L/C
Issuer’s L/C Issuer Sublimit; or

(G)       such
Letter of Credit is a commercial letter of credit unless such L/C Issuer generally issues such type of instruments for other borrowers.

(iv)       No L/C Issuer shall amend any Letter of Credit
if such L/C Issuer would not be permitted at such time to issue such Letter of Credit in its amended form under the terms hereof
or if the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit.

(v)        Each L/C Issuer shall have all of the benefits
and immunities (A) provided to the Administrative Agent in Article IX with respect to any acts taken or omissions suffered by such
L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to
such Letters of Credit as fully as if the term “Administrative Agent” as used in Article IX included such L/C Issuer
with respect to such acts or omissions, and (B) as additionally provided herein with respect to such L/C Issuer.

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(vi)       The
letters of credit set forth on Schedule 2.03(a) (the “Existing Letters of Credit”) have been established
and issued by applicable L/C Issuer indicated thereon for the account of the Lead Borrower or any of its Restricted Subsidiaries
pursuant to the Existing Credit Agreements, and shall be deemed to have been issued under this Agreement on the Effective Date.

(b)       Procedures
for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit.

(i)         Each Letter of Credit shall be issued or amended,
as the case may be, upon the request of the Lead Borrower delivered to the applicable L/C Issuer (with a copy to the Administrative
Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Lead Borrower.
Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 12:00
p.m. at least two (2) Business Days (or such other date and time as the Administrative Agent and the applicable L/C Issuer may
agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case
may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify
in form and detail reasonably satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter
of Credit (which shall be a Business Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the
beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text
of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (G) such other matters as the applicable
L/C Issuer may reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of
Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer (A) the Letter of Credit
to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment;
and (D) such other matters as the applicable L/C Issuer may reasonably require. Additionally, the Lead Borrower shall furnish to
the applicable L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter
of Credit issuance or amendment, including any Issuer Documents, as the applicable L/C Issuer or the Administrative Agent may reasonably
require.

(ii)        Promptly after receipt of any Letter of Credit
Application, the applicable L/C Issuer will confirm with the Administrative Agent (by telephone or in writing) that the Administrative
Agent has received a copy of such Letter of Credit Application from the Lead Borrower and, if not, the applicable L/C Issuer will
provide the Administrative Agent with a copy thereof. Unless the applicable L/C Issuer has received written notice from any Lender,
the Administrative Agent or any Loan Party, at least one Business Day prior to the requested date of issuance or amendment of the
applicable Letter of Credit, that one or more applicable conditions contained in Article IV shall not then be satisfied, then,
subject to the terms and conditions hereof, the applicable L/C Issuer shall, on the requested date, issue a Letter of Credit for
the account of the applicable Borrower or enter into the applicable amendment, as the case may be, in each case in accordance with
the applicable L/C Issuer’s usual and customary business practices. Immediately upon the issuance or amendment of each Letter
of Credit, each Lender shall be deemed to (without any further action), and hereby irrevocably and unconditionally agrees to, purchase
from the applicable L/C Issuer, without recourse or warranty, a risk participation in such Letter of Credit in an amount equal
to the product of such Lender’s Applicable Percentage times the Stated Amount of such Letter of Credit. Upon any change in
the Commitments under this Agreement, it is hereby agreed that with respect to all L/C Obligations, there shall be an automatic
adjustment to the participations hereby created to reflect the new Applicable Percentages of the assigning and assignee Lenders.

(iii)        If the Lead Borrower so requests in any applicable
Letter of Credit Application, each L/C Issuer may, in its sole and absolute discretion, agree to issue a Standby Letter of Credit
that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any
such Auto-

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Extension Letter of Credit must permit such L/C Issuer to
prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Standby Letter
of Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice Date”)
in each such twelve-month period to be agreed upon at the time such Standby Letter of Credit is issued. Unless otherwise directed
by the applicable L/C Issuer, the Lead Borrower shall not be required to make a specific request to such L/C Issuer for any such
extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not
require) applicable L/C Issuer to permit the extension of such Standby Letter of Credit at any time to an expiry date not later
than the Letter of Credit Expiration Date; provided, however, that the applicable L/C Issuer shall not permit any
such extension if (A) such L/C Issuer has determined that it would not be permitted at such time to issue such Standby Letter of
Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of clauses (ii) or (iii) of Section
2.03(a) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is five
Business Days before the Non-Extension Notice Date (1) from the Administrative Agent that the Required Lenders have elected not
to permit such extension or (2) from the Administrative Agent, any Lender or the Lead Borrower that one or more of the applicable
conditions specified in Section 4.02 is not then satisfied, and in each such case directing such L/C Issuer not to permit such
extension.

(iv)       Promptly after its delivery of any Letter of
Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to the beneficiary thereof, the applicable
L/C Issuer will also deliver to the Lead Borrower and the Administrative Agent a true and complete copy of such Letter of Credit
or amendment.

(c)       Drawings
and Reimbursements; Funding of Participations.

(i)         Upon receipt from the beneficiary of any Letter
of Credit of any notice of a drawing under such Letter of Credit, the applicable L/C Issuer shall notify the Lead Borrower and
the Administrative Agent thereof on or prior to the Honor Date (as defined below); provided, however, that any failure
to give or delay in giving such notice shall not relieve the Borrowers of their obligation to reimburse such L/C Issuer and the
Lenders with respect to any such payment. No later than 11:00 a.m. on the first Business Day after the later of the date of any
payment by the applicable L/C Issuer under a Letter of Credit (each such date, an “Honor Date”) or the date
that such L/C Issuer notifies the Lead Borrower of such drawing, the Borrowers shall reimburse the applicable L/C Issuer through
the Administrative Agent in an amount equal to the amount of such drawing. If the Borrowers fail to so reimburse such L/C Issuer
by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing
(the “Unreimbursed Amount”), and the amount of such Lender’s Applicable Percentage thereof. In such event,
the Borrowers shall be deemed to have requested a Committed Borrowing of Base Rate Loans to be disbursed in an amount equal to
the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02(b) for the principal amount of Base
Rate Loans, but subject to the amount of the unutilized portion of the Aggregate Commitments and the conditions set forth in Section
4.02 (other than the delivery of a Committed Loan Notice). Any notice given by an L/C Issuer or the Administrative Agent pursuant
to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such
an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

(ii)        Each Lender shall upon any notice from the Administrative
Agent pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent for the account of the applicable L/C Issuer
at the Administrative Agent’s Office in an amount equal to its Applicable Percentage of the Unreimbursed Amount not later
than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of
Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to have made a Base
Rate Loan to the Borrowers in such amount. The Administrative Agent shall remit the funds so received to the applicable L/C Issuer.

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(iii)       With respect to any Unreimbursed Amount that
is not fully refinanced by a Committed Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be
satisfied or for any other reason, the Borrowers shall be deemed to have incurred from the applicable L/C Issuer an L/C Borrowing
in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together
with interest) and shall bear interest at the Default Rate. In such event, each Lender’s payment to the Administrative Agent
for the account of the applicable L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation
in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under
this Section 2.03.

(iv)       Until each Lender funds its Committed Loan or
L/C Advance pursuant to this Section 2.03(c) to reimburse the applicable L/C Issuer for any amount drawn under any Letter of Credit
issued by it, interest in respect of such Lender’s Applicable Percentage of such amount shall be solely for the account of
such L/C Issuer.

(v)        Each
Lender’s obligation to make Committed Loans or L/C Advances to reimburse the applicable L/C Issuer for amounts drawn under
Letters of Credit issued by it, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be
affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may
have against such L/C Issuer, any Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of
a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however,
that each Lender’s obligation to make Committed Loans pursuant to this Section 2.03(c) is subject to the conditions set
forth in Section 4.02 (other than delivery by the Lead Borrower of a Committed Loan Notice). No such making of an L/C Advance
shall relieve or otherwise impair the obligation of the Borrowers to reimburse an L/C Issuer for the amount of any payment made
by such L/C Issuer under any Letter of Credit, together with interest as provided herein.

(vi)       If any Lender fails to make available
to the Administrative Agent for the account of an L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing
provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), such L/C Issuer shall be entitled to recover
from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the
date such payment is required to the date on which such payment is immediately available to such L/C Issuer at a rate per annum
equal to the greater of the Federal Funds Rate and a rate determined by such L/C Issuer in accordance with banking industry rules
on interbank compensation plus any administrative, processing or similar fees customarily charged by such L/C Issuer in connection
with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute
such Lender’s Committed Loan included in the relevant Committed Borrowing or L/C Advance in respect of the relevant L/C
Borrowing, as the case may be. A certificate of an L/C Issuer submitted to any Lender (through the Administrative Agent) with
respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error.

(d)       Repayment
of Participations.

(i)         At any time after an L/C Issuer has made a payment
under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance
with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related
Unreimbursed Amount or interest thereon (whether directly from the Borrowers or otherwise, including proceeds of cash collateral
applied thereto by the Administrative Agent pursuant to Section 2.03(g)), the Administrative Agent will distribute
to such Lender its Applicable Percentage thereof (appropriately adjusted, in the case of interest payments, to reflect the period
of time during which such Lender’s L/C Advance was outstanding) in the same funds as those received by the Administrative
Agent.

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(ii)        If
any payment received by the Administrative Agent for the account of an L/C Issuer pursuant to Section 2.03(c)(i) is required to
be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such
L/C Issuer in its discretion), each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable
Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date
such amount is returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations
of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

(e)               
Obligations Absolute. The obligation of the Borrowers to reimburse each L/C Issuer for each drawing under each Letter
of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance
with the terms of this Agreement under all circumstances, including the following:

(i)       
 any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document;

(ii)       
the existence of any claim, counterclaim, setoff, defense or other right that the Borrowers or any Subsidiary may have at any
time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any
such transferee may be acting), such L/C Issuer or any other Person, whether in connection with this Agreement, the
transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any
unrelated transaction;

(iii)       any
draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or
insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission
or otherwise of any document required in order to make a drawing under such Letter of Credit;

(iv)       any
payment by such L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does not strictly comply
with the terms of such Letter of Credit; or any payment made by such L/C Issuer under such Letter of Credit to any Person purporting
to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative
of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding
under any Debtor Relief Law;

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

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

Notwithstanding the foregoing, any
such reimbursement by the Borrowers shall be without prejudice and shall not constitute a waiver of any claim that the
Borrowers may have against any L/C Issuer, the Administrative Agent or the Lenders arising out of or relating to any Letter
of Credit, which shall in each case be subject to the limitations on liability
for any L/C Issuer or the Administrative Agent set forth in Section 2.03(f).

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The Lead Borrower shall promptly examine
a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance
with the Lead Borrower’s instructions or other irregularity, the Lead Borrower will promptly notify the applicable L/C Issuer.
The Borrowers shall be conclusively deemed to have waived any such claim against such L/C Issuer and its correspondents unless
such notice is given as aforesaid.

(f)       Role
of L/C Issuer. Each Lender and the Borrowers agree that, in paying any drawing under a Letter of Credit, no L/C Issuer shall
have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the
Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person
executing or delivering any such document. None of any L/C Issuer, the Administrative Agent, any of their respective Related Parties
nor any correspondent, participant or assignee of any L/C Issuer shall be liable to any Lender for (i) any action taken or omitted
in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action
taken or omitted in the absence of gross negligence or willful misconduct as determined in a final non-appealable judgment of a
court of competent jurisdiction; (iii) any error, omission, interruption, loss or delay in transmission or delivery of any draft,
notice or other communication under or relating to any Letter of Credit or any error in interpretation of technical terms; or (iv)
the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer
Document. The Borrowers hereby assume all risks of the acts or omissions of any beneficiary or transferee with respect to its use
of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the
Borrowers’ pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other
agreement. None of any L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant
or assignee of any L/C Issuer shall be liable or responsible for any of the matters described in clauses (i) through (v) of Section
2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrowers may have
a claim against an L/C Issuer, and such L/C Issuer may be liable to the Borrowers, to the extent, but only to the extent, of any
direct, as opposed to consequential or exemplary, damages suffered by the Borrowers which the Borrowers prove were caused by such
L/C Issuer’s willful misconduct or gross negligence or such L/C Issuer’s willful failure to pay under any Letter of
Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and
conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, each L/C Issuer may accept documents that
appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information
to the contrary (or such L/C Issuer may refuse to accept and make payment upon such documents if such documents are not in strict
compliance with the terms of such Letter of Credit), and such L/C Issuer shall not be responsible for the validity or sufficiency
of any instrument transferring or assigning or purporting to transfer or assign a 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.

(g)      Cash
Collateral. Upon the written request of the Administrative Agent or the applicable L/C Issuer, if, as of the Letter of Credit
Expiration Date, any L/C Obligation for any reason remains outstanding, the Borrowers shall, in each case, within one Business
Day after such request, Cash Collateralize the then Outstanding Amount of all L/C Obligations. Sections 2.05 and 8.02(c) set forth
certain additional requirements to deliver Cash Collateral hereunder. For purposes of this Agreement, “Cash Collateralize”
means to pledge and deposit with or 

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deliver to the Administrative Agent, for the
benefit of the applicable L/C Issuers and the Lenders, as collateral for the L/C Obligations, cash or deposit account
balances in an amount equal to 103% of the Outstanding Amount of all L/C Obligations, pursuant to documentation in form and
substance reasonably satisfactory to the Administrative Agent and such L/C Issuers (which documents are hereby consented to
by the Lenders). The Borrowers hereby grant to the Collateral Agent a security interest in all such cash, deposit accounts
and all balances therein and all proceeds of the foregoing to secure all Obligations. Such cash collateral shall be
maintained in blocked, non-interest bearing deposit accounts at Bank of America, except that Permitted Investments of the
type listed in clause (a) of the definition thereof may be made at the request of the Lead Borrower at the option and in the
sole discretion of the Administrative Agent (and at the Borrowers’ risk and expense); and interest or profits, if any,
on such investments shall accumulate in such account. If at any time the Administrative Agent reasonably determines that any
funds held as cash collateral are subject to any right or claim of any Person other than the Administrative Agent or that the
total amount of such funds is less than the aggregate Outstanding Amount of all L/C Obligations, the Borrowers will,
forthwith upon demand by the Administrative Agent, pay to the Administrative Agent, as additional funds to be deposited as
cash collateral, an amount equal to the excess of (x) such aggregate Outstanding Amount over (y) the total amount of funds,
if any, then held as cash collateral that the Administrative Agent reasonably determines to be free and clear of any such
right and claim. Upon the drawing of any Letter of Credit for which funds are on deposit as cash collateral, such funds
shall be applied, to the extent permitted under applicable Law, to reimburse the applicable L/C Issuer and, to the extent not
so applied, shall thereafter be applied, to the extent permitted under applicable Law, to satisfy other Obligations.

(h)      Applicability
of ISP and UCP. Unless otherwise expressly agreed by the applicable L/C Issuer and the Lead Borrower when a Letter of Credit
is issued, (i) the rules of the ISP shall apply to each Standby Letter of Credit, and (ii) the rules of the Uniform Customs and
Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of issuance shall
apply to each Commercial Letter of Credit.

(i)       Letter
of Credit Fees. The Borrowers shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable
Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable
Rate times the daily Stated Amount under each such Letter of Credit (whether or not such maximum amount is then in effect under
such Letter of Credit). For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount
of the Letter of Credit shall be determined in accordance with Section 1.07. Letter of Credit Fees shall be (i) due and payable
on the first day of each April, July, October and January, commencing with the first such date to occur after the issuance of such
Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand, and (ii) computed on a quarterly basis in arrears.
Notwithstanding anything to the contrary contained herein, while any Event of Default exists, all Letter of Credit Fees shall accrue
at the Default Rate as provided in Section 2.08(b) hereof.

(j)       Fronting
Fee and Documentary and Processing Charges Payable to L/C Issuer. The Borrowers shall pay directly to the applicable L/C Issuer
for its own account a fronting fee (i) with respect to each Commercial Letter of Credit, at a rate equal to 0.125% per annum, computed
on the amount of such Letter of Credit, and payable upon the issuance or amendment thereof, and (ii) with respect to each Standby
Letter of Credit, at a rate equal to 0.125% per annum, computed on the daily amount available to be drawn under such Letter of
Credit and on a quarterly basis in arrears. Such fronting fees shall be due and payable on the first day of each April, July, October
and January, commencing with the first such date to occur after the issuance of such Letter of Credit, 

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on the Letter of Credit Expiration Date and
thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of
the Letter of Credit shall be determined in accordance with Section 1.07. In addition, the Borrowers shall pay directly to the
applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other
standard costs and charges, of the applicable L/C Issuer relating to letters of credit as from time to time in effect. Such customary
fees and standard costs and charges are due and payable on demand and are nonrefundable.

(k)       Conflict
with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer Document, the terms
hereof shall control.

2.04     Swing
Line Loans.

(a)      The
Swing Line. Subject to the terms and conditions set forth herein, the Swing Line Lender agrees, in reliance upon the agreements
of the other Lenders set forth in this Section 2.04, to make loans (each such loan, a “Swing Line Loan”) to
the Borrowers from time to time on any Business Day during the Availability Period in an aggregate amount not to exceed at any
time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with
the Applicable Percentage of the Outstanding Amount of Committed Loans and L/C Obligations of the Lender acting as Swing Line
Lender, may exceed the amount of such Lender’s Commitment; provided, however, that after giving effect to
any Swing Line Loan, (i) the Total Outstandings shall not exceed Loan Cap, and (ii) the aggregate Outstanding Amount of the Committed
Loans of any Lender at such time, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations
at such time, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans at such
time shall not exceed such Lender’s Commitment, and provided, further, that the Borrowers shall not use the
proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan, and provided further that the
Swing Line Lender shall not be obligated to make any Swing Line Loan at any time when any Lender is at such time a Defaulting
Lender hereunder, unless the Swing Line Lender has entered into satisfactory arrangements with the Borrowers or such Lender to
eliminate the Swing Line Lender’s risk with respect to such Lender. Within the foregoing limits, and subject to the other
terms and conditions hereof, the Borrowers may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this
Section 2.04. Each Swing Line Loan shall bear interest only at a rate based on the Base Rate. Immediately upon the making of a
Swing Line Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing
Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Lender’s Applicable Percentage
multiplied by the amount of such Swing Line Loan. The Swing Line Lender shall have all of the benefits and
immunities (A) provided to the Administrative Agent in Article IX with respect to any acts taken or omissions suffered by the
Swing Line Lender in connection with Swing Line Loans made by it or proposed to be made by it as if the term “Administrative
Agent” as used in Article IX included the Swing Line Lender with respect to such acts or omissions, and (B) as additionally
provided herein with respect to the Swing Line Lender.

(b)       Borrowing
Procedures. Each Swing Line Borrowing shall be made upon the Lead Borrower’s irrevocable notice to the Swing Line Lender
and the Administrative Agent, which may be given by telephone. Each such notice must be received by the Swing Line Lender and the
Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed,
which shall be a minimum of $100,000, and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic
notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent of a written Swing 

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Line Loan Notice, appropriately completed
and signed by a Responsible Officer of the Lead Borrower. Promptly after receipt by the Swing Line Lender of any telephonic Swing
Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative
Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by
telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing)
from the Administrative Agent at the request of the Required Lenders prior to 2:00 p.m. on the date of the proposed Swing Line
Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the
proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article IV
is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender may, not later than 4:00 p.m. on
the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Borrowers
either by (i) to the extent any such account exists, crediting the account of the Lead Borrower on the books of Bank of America
with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to the
Swing Line Lender by the Lead Borrower; provided, however, that if, on the date of the proposed Swing Line Loan,
there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any
such L/C Borrowings, and second, shall be made available to the Borrowers as provided above.

(c)       Refinancing
of Swing Line Loans.

(i)        The Swing Line Lender at any time in its sole
and absolute discretion may (and with respect to any Swing Line Loans that is outstanding on the date that is one week after the
funding thereof, shall) request, on behalf of the Borrowers (which hereby irrevocably authorize the Swing Line Lender to so request
on their behalf), that each Lender make a Base Rate Loan in an amount equal to such Lender’s Applicable Percentage of the
amount of Swing Line Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be
a Committed Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum
and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Aggregate
Commitments and the conditions set forth in Section 4.02. The Swing Line Lender shall furnish the Lead Borrower with a copy of
the applicable Committed Loan Notice promptly after delivering such notice to the Administrative Agent. Each Lender shall make
an amount equal to its Applicable Percentage of the amount specified in such Committed Loan Notice available to the Administrative
Agent in immediately available funds for the account of the Swing Line Lender at the Administrative Agent’s Office not later
than 1:00 p.m. on the day specified in such Committed Loan Notice, whereupon, subject to Section 2.04(c)(ii), each Lender that
so makes funds available shall be deemed to have made a Base Rate Loan to the Borrowers in such amount. The Administrative Agent
shall remit the funds so received to the Swing Line Lender.

(ii)       If for any reason any Swing Line Loan cannot
be refinanced by such a Committed Borrowing in accordance with Section 2.04(c)(i), the request for Base Rate Loans submitted by
the Swing Line Lender as set forth herein shall be deemed to be a request by the Swing Line Lender that each of the Lenders fund
its risk participation in the relevant Swing Line Loan and each Lender’s payment to the Administrative Agent for the account
of the Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such participation.

(iii)       If any Lender fails to make available to the
Administrative Agent for the account of the Swing Line Lender any amount required to be paid by such Lender pursuant to the foregoing
provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Lender

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(acting through the Administrative
Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which
such payment is immediately available to the Swing Line Lender at a rate per annum equal to the greater of the Federal Funds Rate
and a rate determined by the Swing Line Lender in accordance with banking industry rules on interbank compensation plus
any administrative, processing or similar fees customarily charged by the Swing Line Lender in connection with the foregoing. If
such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Committed
Loan included in the relevant Committed Borrowing or funded participation in the relevant Swing Line Loan, as the case may be.
A certificate of the Swing Line Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing
under this clause (iii) shall be conclusive absent manifest error.

(iv)      Each Lender’s obligation to make Committed
Loans or to purchase and fund risk participations in Swing Line Loans pursuant to this Section 2.04(c) shall be absolute and unconditional
and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which
such Lender may have against the Swing Line Lender, the Borrowers or any other Person for any reason whatsoever, (B) the occurrence
or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided,
however, that each Lender’s obligation to make Committed Loans pursuant to this Section 2.04(c) is subject to the
conditions set forth in Section 4.02. No such funding of risk participations shall relieve or otherwise impair the obligation of
the Borrowers to repay Swing Line Loans, together with interest as provided herein.

(d)       Repayment
of Participations.

(i)        At any time after any Lender has purchased and
funded a risk participation in a Swing Line Loan, if the Swing Line Lender receives any payment on account of such Swing Line Loan,
the Swing Line Lender will distribute to such Lender its Applicable Percentage of such payment (appropriately adjusted, in the
case of interest payments, to reflect the period of time during which such Lender’s risk participation was funded) in the
same funds as those received by the Swing Line Lender.

(ii)        If any payment received by the Swing Line Lender
in respect of principal or interest on any Swing Line Loan is required to be returned by the Swing Line Lender under any of the
circumstances described in Section 10.05 (including pursuant to any settlement entered into by the Swing Line Lender in its discretion),
each Lender shall pay to the Swing Line Lender its Applicable Percentage thereof on demand of the Administrative Agent, plus
interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the Federal Funds
Rate. The Administrative Agent will make such demand upon the request of the Swing Line Lender. The obligations of the Lenders
under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

(e)       Interest
for Account of Swing Line Lender.  The Swing Line Lender shall be responsible for invoicing the Borrowers for interest on the
Swing Line Loans on the first day of each month and the Maturity Date. Until each Lender funds its Base Rate Loan or risk participation
pursuant to this Section 2.04 to refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest in respect
of such Applicable Percentage shall be solely for the account of the Swing Line Lender.

(f)       Payments
Directly to Swing Line Lender.  The Borrowers shall make all payments of principal and interest in respect of the Swing Line
Loans directly to the Swing Line Lender.

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2.05     Prepayments.

(a)      The
Borrowers may, upon irrevocable notice from the Lead Borrower to the Administrative Agent, at any time or from time to time voluntarily
prepay Committed Loans in whole or in part without premium or penalty; provided that (i) such notice must be received by
the Administrative Agent not later than 12:00 p.m. (A) three (3) Business Days prior to any date of prepayment of LIBOR Rate Loans
and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment of LIBOR Rate Loans shall be in a principal amount of
$1,000,000 or a whole multiple of $500,000 in excess thereof or, in each case, if less, the entire principal amount thereof then
outstanding. Each such notice shall specify the date and amount of such prepayment and the Class(es) and Type(s) of Loans to be
prepaid and, if LIBOR Rate Loans, the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender
of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such
notice is given by the Lead Borrower, the Borrowers shall make such prepayment and the payment amount specified in such notice
shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued
interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each such prepayment shall
be applied to the Committed Loans of the Lenders in accordance with their respective Applicable Percentages.

(b)      The
Borrowers may, upon irrevocable notice from the Lead Borrower to the Swing Line Lender (with a copy to the Administrative Agent),
at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided
that (i) such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the date
of the prepayment. Each such notice shall specify the date and amount of such prepayment. If such notice is given by the Lead Borrower,
the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified
therein.

(c)      If
for any reason the Total Outstandings at any time exceed the Loan Cap as then in effect, the Borrowers shall immediately prepay
the Loans and L/C Borrowings and/or Cash Collateralize the L/C Obligations (other than L/C Borrowings) in an aggregate amount equal
to such excess.

(d)      The
Borrowers shall prepay the Loans and Cash Collateralize the L/C Obligations in accordance with the provisions of Section 6.12 hereof.

(e)      The
Borrowers shall prepay the Loans and Cash Collateralize the L/C Obligations in an amount equal to the Net Proceeds paid in cash
received by a Loan Party on account of a Prepayment Event, irrespective of whether a Dominion Trigger Event then exists and is
continuing, provided, however, unless a Dominion Trigger Event has occurred and is continuing, the Borrowers shall
only be required to prepay the Loans and Cash Collateralize the L/C Obligations with Net Proceeds arising from a Prepayment Event
in an amount equal to the lesser of (i) such Net Proceeds and (ii) the amounts advanced or available to be advanced against the
assets subject to the Prepayment Event based upon the applicable advance rates in the Borrowing Base (adjusted for any applicable
Reserves).

(f)       Prepayments
made pursuant to Section 2.05(c), (d) and (e) above, first, shall be applied ratably to the L/C Borrowings and the Swing Line Loans,
second, shall be applied ratably to the outstanding Committed Loans, third, shall be used to Cash Collateralize the remaining L/C
Obligations; and, fourth, the amount remaining, if any, after the prepayment in full of all L/C Borrowings, Swing Line Loans and Committed Loans

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 outstanding
at such time and the Cash Collateralization of the remaining L/C Obligations in full may be retained by the Borrowers for use in
the ordinary course of its business. Upon the drawing of any Letter of Credit that has been Cash Collateralized, the funds held
as Cash Collateral shall be applied (without any further action by or notice to or from the Borrowers or any other Loan Party)
to reimburse the applicable L/C Issuer or the Lenders, as applicable. Subject to the foregoing, outstanding Base Rate Loans shall
be prepaid before outstanding LIBOR Rate Loans are prepaid. Any prepayment of LIBOR Rate Loans pursuant to this Section 2.05 made
other than on the last day of an Interest Period applicable thereto, shall be accompanied by payment of all breakage costs payable
under Section 3.05 associated therewith. In order to avoid such breakage costs, as long as no Event of Default has occurred and
is continuing, at the request of the Lead Borrower, the Administrative Agent shall hold all amounts required to be applied to LIBOR
Rate Loans in the Cash Collateral Account and will apply such funds to the applicable LIBOR Rate Loans at the end of the then pending
Interest Period therefor (provided that the foregoing shall in no way limit or restrict the Administrative Agent’s
rights upon the subsequent occurrence of an Event of Default).

(g)      Prepayments
made pursuant to this Section 2.05 shall not reduce the Aggregate Commitments hereunder.

(h)      Any
notice of a prepayment to be made with the proceeds from the incurrence of Indebtedness or in connection with the closing of another
transaction (including any notice of termination or reduction of Commitments made pursuant to Section 2.06 below) may state that
such prepayment, termination or reduction is conditioned on the consummation of such incurrence or other transaction, and no Default
or Event of Default shall occur if such prepayment, termination or reduction is not made because such condition is not satisfied.

2.06     Termination
or Reduction of Commitments.

(a)      The
Borrowers may, upon irrevocable notice from the Lead Borrower to the Administrative Agent, terminate the Commitments of any Class,
the Letter of Credit Sublimit or the Swing Line Sublimit or from time to time permanently reduce the Commitments of any Class,
the Letter of Credit Sublimit or the Swing Line Sublimit; provided that (i) any such notice shall be received by the Administrative
Agent not later than 12:00 p.m. three (3) Business Days prior to the date of termination or reduction, (ii) any such partial reduction
shall be in an aggregate amount of $1,000,000 or any whole multiple of $500,000 in excess thereof, (iii) the Borrowers shall not
terminate or reduce (A) the Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments hereunder,
the Total Outstandings would exceed the Aggregate Commitments, (B) the Letter of Credit Sublimit if, after giving effect thereto,
the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit, and
(C) the Swing Line Sublimit if, after giving effect thereto, and to any concurrent payments hereunder, the Outstanding Amount of
Swing Line Loans hereunder would exceed the Swing Line Sublimit.

(b)      If,
after giving effect to any reduction of the Aggregate Commitments, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds
the amount of the Aggregate Commitments, such Letter of Credit Sublimit or Swing Line Sublimit shall be automatically reduced by
the amount of such excess.

(c)      The
Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swing Line
Sublimit or the Aggregate Commitments under this Section 2.06. Upon any reduction of the Aggregate Commitments, the Commitment
of each Lender shall be reduced by such 

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Lender’s
Applicable Percentage of such reduction amount. All fees (including, without limitation, commitment fees and Letter of Credit Fees)
and interest in respect of the Aggregate Commitments accrued until the effective date of any termination of the Aggregate Commitments
shall be paid on the effective date of such termination.

2.07     Repayment
of Loans.

(a)      The
Borrowers shall repay to the Lenders on the Maturity Date of each Class of Loans the aggregate principal amount of Committed Loans
of such Class outstanding on such date.

(b)      To
the extent not previously paid, the Borrowers shall repay the outstanding balance of the Swing Line Loans on the Termination Date.

2.08     Interest.

(a)      Subject
to the provisions of Section 2.08(b) below, (i) each LIBOR Rate Loan shall bear interest, on the outstanding principal amount thereof
for each Interest Period at a rate per annum equal to the Adjusted LIBOR Rate for such Interest Period plus the Applicable
Margin for such Class of Loans; (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Margin; and (iii) each Swing Line
Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal
to the Base Rate plus the Applicable Margin.

(b)      (i)      If any amount payable
under any Loan Document is not paid when due (after the expiration of any applicable grace periods), whether at stated maturity,
by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times
equal to the Default Rate to the fullest extent permitted by Law while such Event of Default is continuing.

(ii)      Accrued
and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand.

(c)      Interest
on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may
be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment,
and before and after the commencement of any proceeding under any Debtor Relief Law.

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2.09     Fees.

(a)       The
Commitment Fee. In addition to certain fees described in subsections (i) and (j) of Section 2.03, the Borrowers shall pay
to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a commitment fee
equal to (i) 1.25% per annum multiplied by the average daily amount by which the Aggregate Commitments exceed the Total
Outstandings if such average daily excess amount over the most recently ended Fiscal Quarter as a percentage of the Aggregate
Commitments is less than or equal to 50% or (ii) 1.00% per annum multiplied by the average daily amount by which the
Aggregate Commitments exceed the Total Outstandings if such average daily excess amount over the most recently ended Fiscal
Quarter as a percentage of the Aggregate Commitments is greater than 50%. The commitment fee shall accrue at all times during
the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall
be due and payable quarterly in arrears on the first day of each April, July, October and January, commencing with the first
such date to occur after the Effective Date, and on the last day of the Availability Period.

(b)       Other
Fees. The Borrowers shall pay to the (i) Administrative Agent for their own respective accounts fees in the amounts and at
the times specified in the Fee Letter and (ii) Arrangers the fees separately agreed to by such Arrangers and the Lead Borrower.
Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

2.10     Computation
of Interest and Fees. All computations of interest for Base Rate Loans shall be made on the basis of a year of 365 or 366 days,
as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a 360-day
year and actual days elapsed. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on
a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid
on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative
Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

2.11     Evidence
of Debt.

(a)       The
Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by the Administrative Agent
(the “Loan Account”) in the ordinary course of business. In addition, each Lender may record in such Lender’s
internal records, an appropriate notation evidencing the date and amount of each Loan from such Lender, the Class thereof, each
payment and prepayment of principal of any such Loan, and each payment of interest, fees and other amounts due in connection with
the Obligations due to such Lender. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive
absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrowers and the interest and payments
thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the
Borrowers hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts
and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts
and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through
the Administrative Agent, the Borrowers shall execute and deliver to such Lender (through the Administrative Agent) a Note, which
shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Note
and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. Upon receipt
of an affidavit of a Lender as to the loss, theft, destruction or mutilation of such Lender’s Note and upon cancellation
of such Note, the Borrowers will issue, in lieu thereof, a replacement Note in favor of such Lender, in the
same principal amount thereof and otherwise of like tenor.

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(b)       In
addition to the accounts and records referred to in Section 2.11(a), each Lender and the Administrative Agent shall maintain in
accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters
of Credit and Swing Line Loans. In the event of any conflict between the accounts and records maintained by the Administrative
Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent
shall control in the absence of manifest error.

2.12     Payments
Generally; Administrative Agent’s Clawback.

(a)       General.
All payments to be made by the Borrowers shall be made without condition or deduction for any counterclaim, defense, recoupment
or setoff; provided, however, that any such payments by the Borrowers shall be without prejudice and shall not constitute
a waiver of any claim that the Borrowers may have against the Administrative Agent or any Lender hereunder. Except as otherwise
expressly provided herein, all payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of
the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately
available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each
Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire
transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall, at the
option of the Administrative Agent, be deemed received on the next succeeding Business Day and any applicable interest or fee shall
continue to accrue until such next succeeding Business Day. If any payment (other than with respect to payment of a LIBOR Loan)
to be made by the Borrowers shall come due on a day other than a Business Day, payment shall be made on the next following Business
Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

(b)       (i)
   Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received
notice from a Lender prior to the proposed date of any Borrowing of LIBOR Rate Loans (or in the case of any Borrowing of Base
Rate Loans, prior to 12:00 noon on the date of such Borrowing) that such Lender will not make available to the Administrative
Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available
on such date in accordance with Section 2.02 (or in the case of a Borrowing of Base Rate Loans, that such Lender has made such
share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available
to the Borrowers a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Committed
Borrowing available to the Administrative Agent, then the applicable Lender and the Borrowers severally agree to pay to the Administrative
Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and
including the date such amount is made available to the Borrowers to but excluding the date of payment to the Administrative Agent,
at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation plus any administrative processing
or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment
to be made by the Borrowers, the interest rate applicable to Base Rate Loans. If the Borrowers and such Lender shall pay such
interest to the Administrative Agent for the same or an

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overlapping period, the Administrative Agent
shall promptly remit to the Borrowers the amount of such interest paid by the Borrowers for such period, if such Lender pays
its share of the applicable Committed Borrowing to the Administrative Agent, then the amount so paid shall constitute such
Lender’s Committed Loan included in such Committed Borrowing. Any payment by the Borrowers shall be without prejudice
to any claim the Borrowers may have against a Lender that shall have failed to make such payment to the Administrative
Agent.

(ii)       Payments by Borrowers; Presumptions by Administrative
Agent. Unless the Administrative Agent shall have received notice from the Lead Borrower prior to the time at which any payment
is due to the Administrative Agent for the account of the Lenders or an L/C Issuer hereunder that the Borrowers will not make such
payment, the Administrative Agent may assume that the Borrowers have made such payment on such date in accordance herewith and
may, in reliance upon such assumption, distribute to the Lenders or such L/C Issuer, as the case may be, the amount due. In such
event, if the Borrowers have not in fact made such payment, then each of the Lenders or such L/C Issuer, as the case may be, severally
agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or such L/C Issuer, in
immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to
but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by
the Administrative Agent in accordance with banking industry rules on interbank compensation.

A notice of the Administrative Agent
to any Lender or the Lead Borrower with respect to any amount owing under this subsection (b) shall be conclusive, absent manifest
error.

(c)       Failure
to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by
such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrowers
by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied
or waived in accordance with the terms hereof (subject to the provisions of the last paragraph of Section 4.02 hereof), the Administrative
Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

(d)       Obligations
of Lenders Several. The obligations of the Lenders hereunder to make Committed Loans, to fund participations in Letters of
Credit and Swing Line Loans and to make payments hereunder are several and not joint. The failure of any Lender to make any Committed
Loan, to fund any such participation or to make any payment hereunder on any date required hereunder shall not relieve any other
Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender
to so make its Committed Loan, to purchase its participation or to make its payment hereunder.

(e)       Funding
Source. Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner
or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place
or manner.

2.13     Sharing
of Payments by Lenders. If any Credit Party shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment
in respect of any principal of, interest on, or other amounts with respect to, any of the Obligations resulting in such Lender’s
receiving payment of a proportion of the aggregate amount of such Obligations greater than its pro rata share thereof as provided
herein (including as in contravention of the priorities of payment set forth in Section 8.03), then the Credit Party receiving
such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations
in the Obligations owing to the other Credit Parties, or make such other adjustments as shall be equitable, so that
the benefit of all such payments shall be shared by the Credit Parties ratably and in the priorities set forth in Section 8.03,
provided that:

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(i)       if
any such participations or subparticipations are purchased and all or any portion of the payment giving rise thereto is recovered,
such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without
interest; and

(ii)       the
provisions of this Section shall not be construed to apply to (x) any payment made by the Loan Parties pursuant to and in accordance
with the express terms of this Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or sale
of a participation in any of its Committed Loans or subparticipations in L/C Obligations or Swing Line Loans to any assignee or
participant, other than to the Borrowers or any Subsidiary thereof (as to which the provisions of this Section shall apply).

Each Loan Party consents to the foregoing
and agrees, to the extent it may effectively do so under Law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against such Loan Party rights of setoff and counterclaim with respect to such participation as fully
as if such Lender were a direct creditor of such Loan Party in the amount of such participation.

2.14     Settlement
Amongst Lenders.

(a)      The
amount of each Lender’s Applicable Percentage of outstanding Loans (including outstanding Swing Line Loans) shall be computed
weekly (or more frequently in the Administrative Agent’s discretion) and shall be adjusted upward or downward based on all
Loans (including Swing Line Loans) and repayments of Loans (including Swing Line Loans) received by the Administrative Agent as
of 3:00 p.m. on the first Business Day (such date, the “Settlement Date”) following the end of the period specified
by the Administrative Agent.

(b)      The
Administrative Agent shall deliver to each of the Lenders promptly after a Settlement Date a summary statement of the amount of
outstanding Committed Loans and Swing Line Loans for the period and the amount of repayments received for the period. As reflected
on the summary statement, (i) the Administrative Agent shall transfer to each Lender its Applicable Percentage of repayments, and
(ii) each Lender shall transfer to the Administrative Agent (as provided below) or the Administrative Agent shall transfer to each
Lender, such amounts as are necessary to insure that, after giving effect to all such transfers, the amount of Committed Loans
made by each Lender shall be equal to such Lender’s Applicable Percentage of all Committed Loans outstanding as of such Settlement
Date. If the summary statement requires transfers to be made to the Administrative Agent by the Lenders and is received prior to
1:00 p.m. on a Business Day, such transfers shall be made in immediately available funds no later than 3:00 p.m. that day; and,
if received after 1:00 p.m., then no later than 3:00 p.m. on the next Business Day. The obligation of each Lender to transfer such
funds is irrevocable, unconditional and without recourse to or warranty by the Administrative Agent. If and to the extent any Lender
shall not have so made its transfer to the Administrative Agent, such Lender agrees to pay to the Administrative Agent, forthwith
on demand such amount, together with interest thereon, for each day from such date until the date such amount is paid to the Administrative
Agent, equal to the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation plus any administrative, processing, or similar fees customarily charged by the Administrative
Agent in connection with the foregoing.

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2.15     Increase
in Commitments.

(a)      Request
for Increase. Provided no Event of Default then exists or would arise therefrom, upon notice to the Administrative Agent (which
shall promptly notify the Lenders), the Lead Borrower may from time to time after the Effective Date, subject to the limitations
in the Existing Note Purchase Agreement and the Intercreditor Agreement, request an increase in the Aggregate Commitments (each,
an “Additional Commitment”) by an amount (for all such requests) not exceeding $75,000,000 in the aggregate;
provided that (i) any such request for an increase shall be in a minimum amount of $15,000,000 (or, if less, the remaining
amount of such Additional Commitments), and (ii) the Lead Borrower may make a maximum of five (5) such requests. At the time of
sending such notice, the Lead Borrower (in consultation with the Administrative Agent) shall specify the time period within which
each Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such
notice to the Lenders).

(b)      Lender
Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to
increase its Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such
requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment.

(c)      Notification
by Administrative Agent; Additional Lenders. The Administrative Agent shall promptly notify the Lead Borrower and each Lender
of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase, to the extent
that the existing Lenders decline to increase their Commitments, or decline to increase their Commitments to the amount requested
by the Lead Borrower, the Administrative Agent, in consultation with the Lead Borrower, will use its commercially reasonable efforts
to arrange for other Eligible Assignees to become a Lender hereunder and to issue Commitments in an amount equal to the amount
of the Additional Commitments requested by the Lead Borrower and not accepted by the existing Lenders (and the Lead Borrower may
also invite additional Eligible Assignees to become Lenders), provided, however, that without the consent of the
Administrative Agent and the Lead Borrower, at no time shall the Commitment of any Additional Commitment Lender (including any
Affiliates of one another or two or more Approved Funds administered, advised or arranged by the same entity or entities that are
Affiliates of one another) be less than $5,000,000; provided, further, that the Lead Borrower may elect to implement
Additional Commitments for which Lenders and other Eligible Assignees have agreed to increase or issue Commitments notwithstanding
that the aggregate amount thereof is less than the amount originally requested.

(d)      Effective
Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent,
in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and
the final allocation of such increase. The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other
Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the
final allocation of such increase and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate Commitments
under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional Commitments, and (ii)
Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages
of the Lenders.

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(e)      Required
Terms. The terms and provisions of Loans made pursuant to Additional Commitments shall be, as set forth in the applicable Increase
Joinder, provided, however, that:

(i)       the
maturity date of the Loans made pursuant to the Additional Commitments shall not be earlier than the Original Loan Maturity Date;

(ii)       the
Applicable Margins for the Loans made pursuant to the Additional Commitments shall be determined by the Lead Borrower and the Additional
Commitment Lenders; provided that in the event that the all-in-yield for any Loans made pursuant to Additional Commitments
is greater than that applicable to the Loans made pursuant to the initial Commitments, then the Applicable Margins for the Loans
made pursuant to the initial Commitments shall be increased to the extent necessary so that the all-in-yield for the Loans made
pursuant to the Additional Commitments are equal to the all-in-yield for the Loans made pursuant to the initial Commitments; provided,
further, that in determining the all-in-yield, (x) original issue discount or upfront fees payable by the Lead Borrower
to the Lenders in the primary syndication of any Class of Commitments shall be excluded and (y) customary arrangement or commitment
fees payable to the Arrangers (or their respective Affiliates) or to one or more arrangers (or their respective Affiliates) of
the Additional Commitments shall be excluded to the extent they are not shared with all Lenders; and

(iii)      except
as set forth in clauses (i) and (ii) above, the Loans pursuant to the Additional Commitments shall have the same terms (including,
for the avoidance of doubt, the guarantees and security) as the Loans pursuant to the original Commitments.

(f)       Conditions
to Effectiveness of Increase. As a condition precedent to such increase, (i) the Lead Borrower shall deliver to the Administrative
Agent a certificate of each Loan Party dated as of the Increase Effective Date signed by a Responsible Officer of such Loan Party
(A) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase, and (B) in the
case of the Borrowers, certifying that, before and after giving effect to such increase, (1) the representations and warranties
contained in Article V and the other Loan Documents are true and correct in all material respects on and as of the Increase Effective
Date, except (A) to the extent that such representations and warranties are qualified by materiality, in which case such representations
and warranties shall be true and correct in all respects, (B) specifically refer to an earlier date, in which case they are true
and correct in all material respects as of such earlier date, and (C) except that for purposes of this Section 2.15, the representations
and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished
pursuant to clauses (a) and (b), respectively, of Section 6.01 and (2) no Event of Default then exists or would result therefrom,
(ii) the Borrowers, the Administrative Agent, and any Additional Commitment Lender shall have executed and delivered a joinder
to the Loan Documents (the “Increase Joinder”) in such form as the Administrative Agent shall reasonably require;
(iii) the Borrowers shall have paid (or will pay substantially concurrently with the effectiveness thereof) such fees and other
compensation to the Additional Commitment Lenders as the Lead Borrower and such Additional Commitment Lenders shall agree; (iv)
the Borrowers shall have paid (or will pay substantially concurrently with the effectiveness thereof) such arrangement fees to
the Administrative Agent as the Lead Borrower and the Administrative Agent may agree; (v) if reasonably requested by the Administrative
Agent, the Borrowers shall deliver to the Administrative Agent and the Lenders an opinion or opinions, in form and substance reasonably
satisfactory to the Administrative Agent, from counsel to the Borrowers reasonably satisfactory to the Administrative Agent and
dated such date; (vi) the Borrowers and the Additional Commitment Lenders shall have 

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delivered such other instruments, documents and
agreements as the Administrative Agent may reasonably have requested; (vii) no Default or Event of Default exists; and (viii)
such increase shall comply with the terms and limitations of documentation governing Indebtedness of the Borrowers and their
respective Restricted Subsidiaries at such time. The Borrowers shall prepay any Committed Loans outstanding on the Increase
Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the
outstanding Committed Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the
Commitments under this Section.

(g)      Conflicting
Provisions. This Section shall supersede any provisions in Sections 2.13 or 10.01 to the contrary.

2.16     Extensions
of Commitments.

(a)      The
Borrowers may at any time and from time to time request (which such request shall be offered equally to all Lenders of such Class)
that all or a portion of the Commitments of any Class or the Extended Commitments of any Class (and, in each case, including any
previously extended Commitments), existing at the time of such request (each, an “Existing Commitment” and any
related revolving credit loans under any such facility, “Existing Loans”; each Existing Commitment and related
Existing Loans together being referred to as an “Existing Class”) be converted or exchanged to extend the termination
date thereof and the scheduled maturity date(s) of any payment of principal with respect to all or a portion of any principal amount
of Existing Loans related to such Existing Commitments (any such Existing Commitments which have been so extended, “Extended
Commitments” and any related revolving credit loans, “Extended Loans”; each Extended Commitment and
related Extended Loans together being referred to as an “Extended Class”) and to provide for other terms consistent
with this Section 2.16. Prior to entering into any Extension Amendment with respect to any Extended Commitments, the Borrowers
shall provide a notice to the Administrative Agent (who shall provide a copy of such notice to each of the Lenders of the applicable
Class of Existing Commitments) (an “Extension Request”) setting forth the proposed terms of the Extended Commitments
to be established thereunder, which terms shall be identical in all material respects to those applicable to the Existing Commitments
from which they are to be extended (the “Specified Existing Commitment Class”) except that (w) all or any of
the final maturity dates of such Extended Commitments may be delayed to later dates than the final maturity dates of the Existing
Commitments of the Specified Existing Commitment Class, (x)(A) the interest rates, interest margins, rate floors, upfront fees,
funding discounts, original issue discounts and prepayment premiums with respect to the Extended Commitments may be different from
those for the Existing Commitments of the Specified Existing Commitment Class and/or (B) additional fees and/or premiums may be
payable to the Lenders providing such Extended Commitments in addition to or in lieu of any of the items contemplated by the preceding
clause (A) and (y)(1) the undrawn revolving credit commitment fee rate with respect to the Extended Commitments may be different
from those for the Specified Existing Commitment Class and (2) the Extension Amendment may provide for other covenants and terms
that apply to any period after the Maturity Date of the Specified Existing Commitment Class; provided that, notwithstanding
anything to the contrary in this Section 2.16 or otherwise, (I) the borrowing and repayment (other than in connection with a permanent
repayment and termination of commitments) of the Extended Loans under any Extended Commitments shall be made on a pro rata basis
with any borrowings and repayments of the Existing Loans of the Specified Existing Commitment Class (the mechanics for which may
be implemented through the applicable Extension Amendment and may include technical changes related to the borrowing and repayment
procedures of the Specified Existing Commitment Class), (II) assignments and participations of Extended Commitments

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 and Extended Loans shall be governed by
the assignment and participation provisions set forth in Section 10.06 and (III) permanent repayments of Extended Loans (and corresponding
permanent reduction in the related Extended Commitments) shall be permitted as may be agreed between the Borrowers and the Lenders
thereof. No Lender shall have any obligation to agree to have any of its Loans or Commitments of any Existing Class converted or
exchanged into Extended Loans or Extended Commitments pursuant to any Extension Request. Any Extended Commitments of any Extension
Series shall constitute a separate Class of revolving credit commitments from Existing Commitments of the Specified Existing Commitment
Class and from any other Existing Commitments (together with any other Extended Commitments so established on such date).

(b)      The
Lead Borrower shall provide the applicable Extension Request to the Administrative Agent at least ten (10) Business Days (or such
shorter period as the Administrative Agent may determine in its sole discretion) prior to the date on which Lenders under the Existing
Class are requested to respond, and shall agree to such procedures, if any, as may be established by, or acceptable to, the Administrative
Agent, in each case acting reasonably, to accomplish the purpose of this Section 2.16. Any Lender (an “Extending Lender”)
wishing to have all or a portion of its Existing Commitments of an Existing Class subject to such Extension Request converted or
exchanged into an Extended Class shall notify the Administrative Agent (an “Extension Election”) on or prior
to the date specified in such Extension Request of the amount of its Existing Commitments which it has elected to convert or exchange
into an Extended Class (subject to any minimum denomination requirements imposed by the Administrative Agent). In the event that
the aggregate amount of Existing Commitments subject to Extension Elections exceeds the amount requested for the Extended Class
pursuant to the Extension Request, Existing Commitments subject to Extension Elections shall be converted to or exchanged to an
Extended Class on a pro rata basis (subject to such rounding requirements as may be established by the Administrative Agent) based
on the amount of Existing Commitments included in each such Extension Election or as may be otherwise agreed to in the applicable
Extension Amendment. Notwithstanding the conversion of any Existing Commitment into an Extended Commitment, unless expressly agreed
by the holders of each affected Existing Commitment of the Specified Existing Commitment Class (as well as the Swing Line Lender
and L/C Issuers), such Extended Commitment shall not be treated more favorably than all Existing Commitments of the Specified Existing
Commitment Class for purposes of the obligations of a Lender in respect of Swing Line Loans under Section 2.04 and Letters of Credit
under Section 2.03, except that the applicable Extension Amendment may provide that the last day for making Swing Line Loans and/or
issuing Letters of Credit may be extended and the related obligations to issue Letters of Credit may be continued (pursuant to
mechanics to be specified in the applicable Extension Amendment) so long as the Swing Line Loans and/or applicable L/C Issuer,
as applicable, has consented to such extensions (it being understood that no consent of any other Lender shall be required in connection
with any such extension).

(c)      The
Extended Class shall be established pursuant to an amendment (an “Extension Amendment”) to this Agreement (which
shall not require the consent of any Lender other than the Extending Lenders with respect to the Extended Class established thereby)
executed by the Loan Parties, the Administrative Agent and the Extending Lenders. No Extension Amendment shall provide for any
Extended Class in an aggregate principal amount that is less than $5,000,000 (it being understood that the actual principal amount
thereof provided by the applicable Lenders may be lower than such minimum amount). In connection with any Extension Amendment,
the Lead Borrower shall, if requested by the Administrative Agent, deliver an opinion of counsel reasonably acceptable to the Administrative
Agent (i) as to the enforceability of such Extension Amendment, this Agreement as amended thereby, and such of the other Loan Documents (if any) as may be amended
thereby (in the case of such other Loan Documents as contemplated by the first sentence of this clause (c)) and covering customary
matters and (ii) to the effect that such Extension Amendment, including the Extended Commitments provided for therein, does not
breach or result in a default under the provisions of Section 10.01 of this Agreement.

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(d)      Notwithstanding
anything to the contrary contained in this Agreement, (A) on any date on which any Class of Existing Commitments is converted or
exchanged to extend the related scheduled Maturity Date(s) in accordance with paragraph (a) above (an “Extension Date”),
in the case of the Existing Commitments of each Extending Lender under any Specified Existing Commitment Class, the aggregate principal
amount of such Existing Commitments shall be deemed reduced by an amount equal to the aggregate principal amount of Extended Commitments
so converted or exchanged by such Lender on such date (or by any greater amount as may be agreed by the Borrowers and such Lender),
and such Extended Commitments shall be established as a separate Class of revolving credit commitments from the Specified Existing
Commitment Class and from any other Existing Commitments (together with any other Extended Commitments so established on such date)
and (B) if, on any Extension Date, any Existing Loans of any Extending Lender are outstanding under the Specified Existing Commitment
Class, such Loans (and any related participations) shall be deemed to be converted or exchanged to Extended Loans (and related
participations) of the applicable Class in the same proportion as such Extended Commitments of such Class to Extending Lender’s
Specified Existing Commitment Class.

(e)      In
the event that the Administrative Agent determines in its sole discretion that the allocation of the Extended Commitments of a
given Extension Series, in each case to a given Lender was incorrectly determined as a result of manifest administrative error
in the receipt and processing of an Extension Election timely submitted by such Lender in accordance with the procedures set forth
in the applicable Extension Amendment, then the Administrative Agent, the Borrowers and such affected Lender may (and hereby are
authorized to), in their sole discretion and without the consent of any other Lender, enter into an amendment to this Agreement
and the other Loan Documents (each, a “Corrective Extension Amendment”) within fifteen (15) days following the
effective date of such Extension Amendment, as the case may be, which Corrective Extension Amendment shall (i) provide for the
conversion or exchange and extension of Existing Commitments (and related Applicable Percentage), as the case may be, in such amount
as is required to cause such Lender to hold Extended Commitments (and related Applicable Percentage) of the applicable Extension
Series into which such other commitments were initially converted or exchanged, as the case may be, in the amount such Lender would
have held had such administrative error not occurred and had such Lender received the minimum allocation of the applicable Loans
or Commitments to which it was entitled under the terms of such Extension Amendment, in the absence of such error, (ii) be subject
to the satisfaction of such conditions as the Administrative Agent, the Borrowers and such Lender may agree (including conditions
of the type required to be satisfied for the effectiveness of an Extension Amendment described in Section 2.16(c)), and (iii) effect
such other amendments of the type (with appropriate reference and nomenclature changes) described in the penultimate sentence of
Section 2.16(c).

(f)       No
conversion or exchange of Loans or Commitments pursuant to any Extension Amendment in accordance with this Section 2.16 shall constitute
a voluntary or mandatory payment or prepayment for purposes of this Agreement.

(g)      This
Section 2.16 shall supersede any provisions in Section 2.12, 2.13 or 10.01 to the contrary. For the avoidance of doubt, any of
the provisions of this Section 2.16 may be amended with the consent of the Required Lenders; provided
that no such amendment shall require any Lender to provide any Extended Commitments without such Lender’s consent.

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ARTICLE III

TAXES, YIELD PROTECTION AND ILLEGALITY;

APPOINTMENT OF LEAD BORROWER

3.01     Taxes.

(a)      Payments
Free of Taxes. Any and all payments by or on account of any Loan Party hereunder or under any other Loan Document shall (except
to the extent required by applicable Law) be made free and clear, of and without reduction or withholding for, any Taxes; provided
that if any Loan Party, the Administrative Agent or any other applicable withholding agent shall be required by applicable Law
to deduct any Taxes from or in respect of such payments, then (i) if the Tax in question is an Indemnified Tax or Other Tax the
sum payable by the applicable Loan Party shall be increased as necessary so that after all required deductions have been made (including
deductions applicable to additional sums payable under this Section 3.01) each Lender (or, in the case of a payment made to an
Agent for its own account, such Agent) receives an amount equal to the sum it would have received had no such deductions been made,
(ii) the applicable withholding agent shall make such deductions and (iii) the applicable withholding agent shall timely pay the
full amount deducted to the relevant Governmental Authority in accordance with Law.

(b)      Payment
of Other Taxes by the Borrowers. Without limiting the provisions of subsection (a) above, the Borrowers shall timely pay any
Other Taxes to the relevant Governmental Authority in accordance with applicable Law.

(c)      Indemnification
by the Loan Parties. The Loan Parties shall, jointly and severally, indemnify the Agents and each Lender, within 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 Section 3.01) paid by such Agent or such Lender, as the case may be,
and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were
correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment
or liability delivered to the Lead Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent
on its own behalf or on behalf of the Collateral Agent or a Lender, shall be conclusive absent manifest error.

(d)      Evidence
of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by any Loan Party to a Governmental
Authority, the Lead Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by
such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment
reasonably satisfactory to the Administrative Agent.

(e)      Status
of Lenders. Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to any payments to
be made to such Lender hereunder or under any other Loan Document shall deliver to the Lead Borrower (with a copy to the Administrative
Agent), at the time or times reasonably requested by the Lead Borrower or the Administrative Agent, such properly completed and
executed documentation prescribed by Law or reasonably requested by the Lead Borrower or the Administrative Agent as will permit
such payments to be made without withholding or at a reduced rate of withholding. If such documentation expires or

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becomes obsolete or inaccurate in any respect, such
Lender shall deliver promptly to the Lead Borrower and the Administrative Agent updated or other appropriate documentation or promptly
notify the Lead Borrower and the Administrative Agent in writing of its legal ineligibility to do so. In addition, any Lender,
if requested by the Lead Borrower or the Administrative Agent, shall deliver such other documentation prescribed by Law or reasonably
requested by the Lead Borrower or the Administrative Agent as will enable the Lead Borrower or the Administrative Agent to determine
whether or not such Lender is subject to backup withholding or information reporting requirements.

Without limiting the generality of the
foregoing, each Lender shall deliver to the Lead Borrower and the Administrative Agent on or prior to the date on which such Lender
becomes a Lender under this Agreement (and from time to time thereafter upon the request of the Lead Borrower or the Administrative
Agent), whichever of the following is applicable:

(1)      Each
U.S. Lender shall deliver to the Lead Borrower and the Administrative Agent two duly completed copies of IRS Form W-9 (or any
successor form), certifying that such U.S. Lender is exempt from U.S. federal backup withholding,

(2)      Each
Foreign Lender shall deliver to the Lead Borrower and the Administrative Agent whichever of the following is applicable:

(i)       two
duly completed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E (or any successor form) claiming eligibility for
benefits of an income tax treaty to which the United States is a party, and such other related documentation as required under
the Code,

(ii)      two
duly completed copies of Internal Revenue Service Form W-8ECI (or any successor form),

(iii)      in
the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 871(h) or Section 881(c)
of the Code, (x) a certificate substantially in the form of Exhibit G (any such certificate, a “United States Tax
Compliance Certificate”) to the effect that such Foreign Lender is not (A) a “bank” within the meaning of
section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of any Borrower within the meaning of section 881(c)(3)(B)
of the Code, or (C) a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code and certifying
that no payments under any Loan Document are effectively connected with such Foreign Lender’s conduct of a United States
trade or business and (y) two duly completed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E (or any successor form),
or

(iv)     to
the extent a Foreign Lender is not the beneficial owner (for example, where the Foreign Lender is a partnership or a participating
Lender), IRS Form W-8IMY (or any successor forms) of the Foreign Lender, accompanied by a Form W-8ECI, W-8BEN or W-8BEN-E,
United States Tax Compliance Certificate, Form W-9, Form W-8IMY or any other required information (or any successor forms)
from each beneficial owner that would be required under this Section 3.01(e) if such beneficial owner were a Lender, as applicable
(provided that if the Foreign Lender is a partnership (and not a participating Lender) and one or more direct or indirect
partners are claiming the portfolio interest exemption, the United States Tax Compliance Certificate may be provided by such Foreign
Lender on behalf of such direct or indirect partners), or

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(v)      any
other form prescribed Law as a basis for claiming exemption from or a reduction in United States federal withholding tax duly completed
together with such supplementary documentation as may be prescribed by Law to permit the Lead Borrower to determine the withholding
or deduction required to be made.

Notwithstanding any other provision of
this Section 3.01(e), a Lender shall not be required to deliver any documentation that such Lender is not legally eligible to deliver.

Each Lender hereby authorizes the Administrative
Agent to deliver to the Loan Parties and to any successor Administrative Agent any documentation provided by such Lender to the
Administrative Agent pursuant to this Section 3.01(e).

(f)       Treatment
of Certain Refunds. If and to the extent the Administrative Agent or any Lender determines in its sole discretion exercised
in good faith that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the
Loan Parties or with respect to which it has received amounts pursuant to this Section 3.01, it shall pay to the Lead Borrower
an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, under this Section
3.01 with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses (including
any Taxes) of the Administrative Agent or Lender, as the case may be, and without interest (other than any interest paid by the
relevant Governmental Authority with respect to such refund), provided that the Loan Parties, upon the request of such Administrative
Agent or such Lender, agree to repay the amount paid over to the Lead Borrower (plus any penalties, interest or other charges
imposed by the relevant Governmental Authority) to such Administrative Agent or such Lender in the event that such Administrative
Agent or such Lender is required to repay such refund to such Governmental Authority. This subsection shall not be construed to
require the Administrative Agent or any Lender to make available its Tax returns (or any other information relating to its taxes
that it deems confidential) to any Loan Party or any other Person.

(g)       FATCA.
If a payment made to any Lender under this Agreement or any other Loan Document would be subject to U.S. federal withholding tax
imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA, such Lender shall deliver
to the Administrative Agent and the Lead Borrower at the time or times prescribed by law and at such time or times reasonably requested
by the Lead Borrower or the Administrative Agent such documentation prescribed by applicable law and such additional documentation
reasonably requested by the Lead Borrower or the Administrative Agent as may be necessary for the Lead Borrower and the Administrative
Agent to comply with their FATCA obligations and to determine whether such Lender has not complied with such Lender’s FATCA
obligations and, if necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section
3.01(g), “FATCA” includes any amendments made to FATCA after the date of this Agreement.

(h)       Lenders.
For the avoidance of doubt, the term “Lender” shall, for purposes of this Section 3.01, include any L/C Issuer and
any Swing Line Lender.

3.02     Illegality.
If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful,
for any Lender or its applicable Lending Office to make, maintain or fund LIBOR Rate Loans, or to determine or charge interest
rates based upon the LIBOR Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender
to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to
the Lead Borrower through the Administrative Agent, 

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any obligation of such Lender to make or continue LIBOR
Rate Loans or to Convert Base Rate Loans to LIBOR Rate Loans shall be suspended until such Lender notifies the Administrative
Agent and the Lead Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such
notice, the Borrowers shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if
applicable, Convert all LIBOR Rate Loans of such Lender to Base Rate Loans, either on the last day of the Interest Period
therefor, if such Lender may lawfully continue to maintain such LIBOR Rate Loans to such day, or immediately, if such Lender
may not lawfully continue to maintain such LIBOR Rate Loans. Upon any such prepayment or Conversion, the Borrowers shall also
pay accrued interest on the amount so prepaid or Converted.

3.03     Inability
to Determine Rates. If the Required Lenders determine that for any reason in connection with any request for a LIBOR Rate Loan
or a Conversion to or continuation thereof that (a) Dollar deposits are not being offered to banks in the London interbank market
for the applicable amount and Interest Period of such LIBOR Rate Loan, (b) adequate and reasonable means do not exist for determining
the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or (c) the LIBOR Rate for any requested
Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding
such Loan, the Administrative Agent will promptly so notify the Lead Borrower and each Lender. Thereafter, the obligation of the
Lenders to make or maintain LIBOR Rate Loans shall be suspended until the Administrative Agent (upon the instruction of the Required
Lenders) revokes such notice. Upon receipt of such notice, the Lead Borrower may revoke any pending request for a Borrowing of,
Conversion to or continuation of LIBOR Rate Loans or, failing that, will be deemed to have Converted such request into a request
for a Committed Borrowing of Base Rate Loans in the amount specified therein.

3.04     Increased
Costs; Reserves on LIBOR Rate Loans.

(a)       Increased
Costs Generally. If any Change in Law shall:

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

(ii)       subject
any Lender or any L/C Issuer to any Tax of any kind whatsoever with respect to this Agreement, any Letter of Credit, any participation
in a Letter of Credit or any LIBOR Rate Loan made by it, or change the basis of taxation of payments to such Lender or such L/C
Issuer in respect thereof (except for Indemnified Taxes or Other Taxes indemnifiable under Section 3.01 or any Excluded Tax); or

(iii)       impose
on any Lender or any L/C Issuer or the London interbank market any other condition, cost or expense affecting this Agreement or
LIBOR Rate Loans made by such Lender or any Letter of Credit or participation therein;

and the result of any of the foregoing shall be to increase
the cost to such Lender of making, continuing, converting or maintaining any LIBOR Rate Loan (or of maintaining its obligation
to make any such Loan), or to increase the cost to such Lender or such L/C Issuer of participating in, issuing or maintaining any
Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount
of any sum received or receivable by such Lender or each L/C Issuer hereunder (whether of principal, interest or any other amount)
then, upon request of such Lender or the L/C Issuer and delivery of the certificate contemplated by Section 3.04(c), the Borrowers
will pay to such Lender or the L/C Issuer, as the case may be, such additional amount
or amounts as will compensate such Lender or the L/C Issuer, as the case may be, for such additional costs incurred or reduction
suffered.

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(b)      Capital
Requirements. If any Lender or L/C Issuer determines that any Change in Law affecting such Lender or L/C Issuer or any Lending
Office of such Lender or such Lender’s or L/C Issuer’s holding company, if any, regarding capital or liquidity requirements
has had the effect of reducing the rate of return on such Lender’s or L/C Issuer’s capital or on the capital of such
Lender’s or L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender
or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such L/C
Issuer, to a level below that which such Lender or L/C Issuer or such Lender’s or L/C Issuer’s holding company could
have achieved but for such Change in Law (taking into consideration such Lender’s or L/C Issuer’s policies and the
policies of such Lender’s or L/C Issuer’s holding company with respect to capital adequacy), then from time to time
upon the request of such Lender or L/C Issuer and the delivery of the certificate contemplated by Section 3.04(c), the Borrowers
will pay to such Lender or L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or
L/C Issuer or such Lender’s or L/C Issuer’s holding company, as the case may be, for any such reduction suffered.

(c)      Certificates
for Reimbursement. A certificate of a Lender or L/C Issuer specifying the Change in Law and setting forth the amount or amounts
necessary to compensate such Lender or L/C Issuer or its holding company, as the case may be, and the method for calculating such
amount or amounts as specified in subsection (a) or (b) of this Section and delivered to the Lead Borrower and the Administrative
Agent shall be conclusive absent manifest error. The Borrowers shall pay such Lender or L/C Issuer, as the case may be, the amount
shown as due on any such certificate within 10 days after receipt thereof.

(d)      Delay
in Requests. Failure or delay on the part of any Lender or L/C Issuer to demand compensation pursuant to the foregoing provisions
of this Section shall not constitute a waiver of such Lender’s or L/C Issuer’s right to demand such compensation, provided
that the Loan Parties shall not be required to compensate a Lender or L/C Issuer pursuant to the foregoing provisions of this Section
for any increased costs incurred or reductions suffered more than six months prior to the date that such Lender or L/C Issuer,
as the case may be, notifies the Lead Borrower of the Change in Law giving rise to such increased costs or reductions and of such
Lender’s or L/C Issuer’s intention to claim compensation therefor (except that, if the Change in Law giving rise to
such increased costs or reductions is retroactive, then the six-month period referred to above shall be extended to include the
period of retroactive effect thereof).

3.05     Compensation
for Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrowers shall promptly
compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

(a)      any
continuation, Conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the
Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);

(b)      any
failure by the Borrowers (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or Convert
any Loan other than a Base Rate Loan on the date or in the amount notified by the Lead Borrower; or

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(c)      any
assignment of a LIBOR Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the
Lead Borrower pursuant to Section 10.13;

including any loss or reasonable out-of-pocket expense arising
from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits
from which such funds were obtained. The Borrowers shall also pay any customary administrative fees charged by such Lender in connection
with the foregoing.

For purposes of calculating amounts payable
by the Borrowers to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each LIBOR Rate Loan made by
it at the LIBOR Rate for such Loan by a matching deposit or other borrowing in the London interbank market for a comparable amount
and for a comparable period, whether or not such LIBOR Rate Loan was in fact so funded. A certificate of any Lender setting forth
any amount or amounts that such Lender is entitled to receive pursuant to this Section and setting forth in reasonable detail the
manner in which such amount or amounts was determined shall be delivered to the Lead Borrower and shall be conclusive absent manifest
error.

3.06     Mitigation
Obligations; Replacement of Lenders.

(a)      Designation
of a Different Lending Office. If any Lender requests compensation under Section 3.04, or the Borrowers are required to pay
any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if
any Lender gives a notice pursuant to Section 3.02, then such Lender shall use commercially reasonable good faith efforts to designate
a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another
of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate
or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice
pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed cost or expense
and would not otherwise be disadvantageous to such Lender. The Borrowers hereby agree to pay all reasonable costs and expenses
incurred by any Lender in connection with any such designation or assignment.

(b)      Replacement
of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrowers are required to pay any additional
amount or indemnification payment to any Lender, the Administrative Agent or any Governmental Authority for the account of any
Lender pursuant to Section 3.01, or if any Lender gives notice pursuant to Section 3.02, then the Borrowers may replace such Lender
in accordance with Section 10.13.

3.07     Survival.
All of the Borrowers’ obligations under this Article III shall survive termination of the Aggregate Commitments and repayment
of all other Obligations hereunder.

3.08     Designation
of Lead Borrower as Borrowers’ Agent.

(a)      Each
Borrower hereby irrevocably designates and appoints the Lead Borrower as such Borrower’s agent to obtain Credit Extensions,
the proceeds of which shall be available to each Borrower for such uses as are permitted under this Agreement. As the disclosed
principal for its agent, each Borrower shall be obligated to each Credit Party on account of Credit Extensions so made as if made
directly by the applicable Credit Party to such Borrower, notwithstanding the manner by which such Credit Extensions are recorded
on the books and records of the Lead Borrower and of any other Borrower. In addition, each Loan Party other than the Borrowers hereby irrevocably designates and appoints
the Lead Borrower as such Loan Party’s agent to represent such Loan Party in all respects under this Agreement and the other
Loan Documents.

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(b)      Each
Borrower recognizes that credit available to it hereunder is in excess of and on better terms than it otherwise could obtain on
and for its own account and that one of the reasons therefor is its joining in the credit facility contemplated herein with all
other Borrowers. Consequently, each Borrower hereby assumes and agrees to discharge all Obligations of each of the other Borrowers.

(c)      The
Lead Borrower shall act as a conduit for each Borrower (including itself, as a “Borrower”) on whose behalf the
Lead Borrower has requested a Credit Extension. Neither the Administrative Agent nor any other Credit Party shall have any obligation
to see to the application of such proceeds therefrom.

ARTICLE IV

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

4.01     Conditions
of Initial Credit Extension. The obligation of the L/C Issuer and each Lender to make its initial Credit Extension on the Effective
Date is subject to satisfaction of the following conditions precedent:

(a)      The
Administrative Agent’s receipt of the following, each of which shall be originals, telecopies or other electronic image scan
transmission (e.g., “pdf” or “tif” via e-mail) (followed promptly by originals) unless otherwise
specified, each properly executed by a Responsible Officer of the signing Loan Party or the Lenders, as applicable, each dated
the Effective Date (or, in the case of certificates of governmental officials, a recent date before the Effective Date) and each
in form and substance reasonably satisfactory to the Administrative Agent:

   (i)       executed counterparts of this Agreement;

  (ii)       a Note executed by the Borrowers in favor
of each Lender requesting a Note to the extent requested five (5) Business Days prior to the Effective Date;

 (iii)       such certificates of resolutions or other
action, incumbency certificates and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent
may require evidencing (A) the authority of each Loan Party to enter into this Agreement and the other Loan Documents to which
such Loan Party is a party or is to become a party and (B) the identity, authority and capacity of each Responsible Officer thereof
authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents to which such Loan Party
is a party or is to become a party;

(iv)       copies of each Loan Party’s Organization Documents (or a certification
that such Organization Documents have not been amended since the date such Organization Documents were previously delivered
to the Agents under the Existing Credit Agreements) and such other documents and certifications as the Administrative Agent
may reasonably require to evidence that each Loan Party is duly organized or formed, and that each Loan Party is validly
existing, in good standing and qualified to engage in business in each jurisdiction where its ownership, lease or
operation of properties or the conduct of its business requires such qualification, except to the extent that failure to so
qualify in such jurisdiction would not reasonably be expected to have a Material Adverse Effect;

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  (v)     
 a certificate signed by a Responsible Officer of the Lead Borrower certifying as to the conditions set forth in clause
(d) of this Section 4.01;

 (vi)      
a solvency certificate signed by the Chief Financial Officer of the Lead Borrower substantially in the form attached hereto
as Exhibit F;

 (vii)       the Security Agreement and certificates
evidencing any stock being pledged thereunder, together with undated stock powers executed in blank, each duly executed by the
applicable Loan Parties;

 (viii)      all other Loan Documents set forth on Schedule
4.01;

 (ix)       evidence that all insurance required to be
maintained pursuant to the Loan Documents has been obtained and is in effect and that the Collateral Agent has been named as loss
payee and additional insured under each United States insurance policy with respect to such insurance as to which the Collateral
Agent shall have requested to be so named;

  (x)     
 a Borrowing Base Certificate prepared as of the last day of the most recent Fiscal Month ending at least 30 calendar
days prior to the Effective Date;

 (xi)       results of searches or other evidence reasonably
satisfactory to the Agents (in each case dated as of a date reasonably satisfactory to the Administrative Agent) indicating the
absence of Liens on the assets of the Loan Parties, except for Permitted Encumbrances and Liens for which termination statements
and releases, satisfactions and releases or subordination agreements reasonably satisfactory to the Agents are being tendered concurrently
with the Effective Date or other arrangements reasonably satisfactory to the Administrative Agent for the delivery of such termination
statements and releases, satisfactions and discharges have been made;

 (xii)      Uniform Commercial Code financing statements
and all other documents and instruments required by Law or reasonably requested by the Agents to be delivered, filed, registered
or recorded to create or perfect the first priority Liens intended to be created under the Loan Documents shall have been (or have
been authorized by the Loan Parties to be) so delivered, filed, registered or recorded to the satisfaction of the Administrative
Agent;

(xiii)       a
customary legal opinion (A) from Schulte Roth & Zabel LLP, counsel to the Loan Parties and (B) Clark Hill PLC, Pennsylvania
counsel to the Loan Parties, in each case addressed to the Administrative Agent and each Lender;

(xiv)      an
Intercreditor Agreement with the Existing NPA Agent;

(xv) 
     an amendment to the Existing Note Purchase Agreement, duly executed by the parties thereto,
which amendment shall amend the Existing Note Purchase Agreement, among other things, to permit the ABL Facility; and

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 (xvi)      copies
of an of initial field examination and appraisal with respect to the ABL Priority Collateral.

(b)       All
fees required to be paid on the Effective Date pursuant to this Agreement and the Fee Letter and reasonable and documented out-of-pocket
expenses required to be paid on the Effective Date pursuant to this Agreement, in each case to the extent invoiced at least two
business days prior to the Effective Date, shall have been paid (which amounts may be offset against the proceeds of the Loans).

(c)       The
Administrative Agent shall have received at least three (3) Business Days prior to the Effective Date all documentation and other
information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules
and regulations, including without limitation the USA PATRIOT Act, that has been reasonably requested by the Arrangers at least
ten (10) days prior to the Effective Date.

(d)       (A)
All representations and warranties contained herein and in the other Loan Documents shall be true and correct in all material respects
(except where qualified by materiality, in which case such representations and warranties that are qualified by materiality shall
be true and correct in all respects) with the same effect as though such representations and warranties had been made on and as
of the date hereof, except to the extent that such representations and warranties expressly relate solely to an earlier date (in
which case such representations and warranties shall have been true and accurate on and as of such earlier date) and (B) no Default
or Event of Default shall exist or have occurred and be continuing on and as of the date of the making of such Loan and after giving
effect thereto.

(e)       Prior
to or substantially simultaneously with the initial Credit Extension on the Effective Date, evidence (i) that the Parent shall
have received not less than $200,000,000 in gross proceeds from the initial public offering (the “IPO Proceeds”)
of Equity Interests of the Parent (the “IPO”) and (ii) the repayment in full of the Indebtedness under, and
the termination of, the Existing ABL Credit Agreement and the Existing Term Loan Credit Agreement, including the release of the
Liens securing the obligations thereunder.

(f)       After
giving effect to the receipt by the Parent of the IPO Proceeds and repayment of the Indebtedness described in clause (e)(ii) above,
Liquidity shall not be less than $120,000,000.

4.02     Conditions
to All Credit Extensions. The obligation of each Lender to honor any Request for Credit Extension after the initial Credit
Extension on the Effective Date (other than a Committed Loan Notice requesting only a Conversion of Committed Loans to the other
Type, or a continuation of LIBOR Rate Loans) and of each L/C Issuer to issue each Letter of Credit after the initial L/C Credit
Extensions requested on the Effective Date is in each case subject to the following conditions precedent:

(a)       The
representations and warranties of each Loan Party contained in Article V or any other Loan Document, shall be true and correct
in all material respects on and as of the date of such Credit Extension, except (i) to the extent that such representations and
warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such
earlier date, (ii) in the case of any representation and warranty qualified by materiality, they shall be true and correct in all
respects and (iii) for purposes of this Section 4.02, the representations and warranties contained in subsections (a) and (b) of
Section 5.05 shall be deemed to refer to the most recent statements furnished
pursuant to clauses (a) and (b), respectively, of Section 6.01.

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(b)       No
Default or Event of Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds
thereof.

(c)       The
Administrative Agent and, if applicable, the applicable L/C Issuers or the Swing Line Lender shall have received a Request for
Credit Extension in accordance with the requirements hereof.

Each Request for Credit Extension (other than a Committed
Loan Notice requesting only a Conversion of Committed Loans to the other Type or a continuation of LIBOR Rate Loans) submitted
by the Lead Borrower shall be deemed to be a representation and warranty by the Borrowers that the conditions specified in Sections
4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension. The conditions set forth in this
Section 4.02 are for the sole benefit of the Credit Parties but until the Required Lenders otherwise direct the Administrative
Agent to cease making Committed Loans, the Lenders will fund their Applicable Percentage of all Loans and L/C Advances and participate
in all Swing Line Loans and Letters of Credit whenever made or issued, which are requested by the Lead Borrower and which, notwithstanding
the failure of the Loan Parties to comply with the provisions of this Article IV, are agreed to by the Administrative Agent; provided,
however, the making of any such Loans or the issuance of any Letters of Credit shall not be deemed a modification or waiver
by any Credit Party of the provisions of this Article IV on any future occasion or a waiver of any rights of the Credit Parties
as a result of any such failure to comply.

ARTICLE V

REPRESENTATIONS AND WARRANTIES

To induce the Credit Parties to enter
into this Agreement and to make Loans and to issue Letters of Credit hereunder, each Loan Party represents and warrants to the
Administrative Agent and the other Credit Parties that:

5.01     Existence,
Qualification and Power. Each Loan Party and each Restricted Subsidiary thereof (a) is a corporation, limited liability company,
partnership or limited partnership, duly incorporated, organized or formed, validly existing and, where applicable, in good standing
under the Laws of the jurisdiction of its incorporation, organization or formation, (b) has all requisite power and authority and
all requisite governmental licenses, permits, authorizations, consents and approvals to (i) own or lease its assets and carry on
its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, and (c) is
duly qualified and is licensed and, where applicable, in good standing under the Laws of each jurisdiction where its ownership,
lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred
to in clause (b)(i) or (c), to the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect.
Schedule 5.01 annexed hereto sets forth, as of the Effective Date, each Loan Party’s name as it appears in official
filings in its state of incorporation or organization, its state of incorporation or organization, organization type, organization
number, if any, issued by its state of incorporation or organization, and its federal employer identification number.

5.02     Authorization;
No Contravention. The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is
or is to be a party, has been duly authorized by all necessary corporate or other organizational action, and does not and will
not (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach,
termination, or contravention of, or constitute a default under, or require any payment to be made under (i) any Material Contract
or any Material Indebtedness to which such Person is a party or affecting such Person or the properties of such Person or any
of its Restricted Subsidiaries or (ii) any order, injunction, writ or decree of any 

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Governmental Authority or any arbitral award
to which such Person or its property is subject; (c) result in or require the creation of any Lien upon any asset of any Loan
Party (other than Liens in favor of the Collateral Agent under the Security Documents); or (d) violate any Law.

5.03     Governmental
Authorization; Other Consents. No approval, consent, exemption, authorization, or other action by, or notice to, or filing
with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance
by, or enforcement against, any Loan Party of this Agreement or any other Loan Document to which such Person is a party, except
for (a) the perfection or maintenance of the Liens created under the Security Documents (including the first priority nature thereof)
or (b) such as have been obtained or made and are in full force and effect.

5.04     Binding
Effect. This Agreement has been, and each other Loan Document, when delivered, will have been, duly executed and delivered
by each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document when so delivered will constitute,
a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance
with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’
rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at
law.

5.05     Financial
Statements; No Material Adverse Effect.

(a)       The
Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein; (ii) fairly present in all material respects the financial condition of the Parent
and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP
consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) to the extent
required by GAAP, show all Material Indebtedness and other liabilities, direct or contingent, of the Parent and its Subsidiaries
as of the date thereof, including liabilities for taxes, material commitments and Indebtedness.

(b)       The
Unaudited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein, and (ii) fairly present in all material respects the financial condition of the Parent
and its Subsidiaries, as applicable, as of the date thereof and their results of operations for the period covered thereby, subject,
in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments.

(c)       Since
December 31, 2015, there has been no event or circumstance, either individually or in the aggregate, that has had or would reasonably
be expected to have a Material Adverse Effect.

(d)       The
Consolidated forecasted balance sheets and statements of income and cash flows of the Keane Group delivered pursuant to
Section 6.01(c) were prepared in good faith on the basis of the assumptions stated therein, which assumptions were reasonable
in light of the conditions existing at the time of delivery of such forecasts, and represented, at the time of delivery, the
Loan Parties’ good faith estimate of its future financial performance (it being understood that such forecasted
financial information is subject to significant uncertainties and contingencies, many of which are beyond the control of the
Loan Parties, that no assurance is given that any particular forecasts will be realized,
that actual results may differ and that such differences may be material).

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5.06     Litigation.
There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Loan Parties after commercially
reasonable investigation, threatened in writing, at law, in equity, in arbitration or before any Governmental Authority, by or
against any Loan Party or any of its Restricted Subsidiaries or against any of its properties or revenues that (a) purport to affect
or pertain to this Agreement or any other Loan Document, or any of the transactions contemplated hereby, or (b) except as disclosed
in Schedule 5.06, either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.

5.07     No
Default. No Default has occurred and is continuing or would result from the consummation of the transactions contemplated by
this Agreement or any other Loan Document.

5.08     Ownership
of Property; Liens.

(a)       Each
of the Loan Parties and each Restricted Subsidiary thereof has good record and valid title in fee simple to or valid leasehold
interests in, all real property necessary or used in the ordinary conduct of its business, except for Permitted Encumbrances and
such defects in title or failure to have such title or other interest as would not, individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect. Each of the Loan Parties and each Restricted Subsidiary has good and valid title
to, valid leasehold interests in, or valid licenses or other rights to use all personal property and assets material to the ordinary
conduct of its business, except for Permitted Encumbrances or as would not, individually or in the aggregate, reasonably be expected
to have a Material Adverse Effect.

(b)       The
property of each Loan Party and each of its Subsidiaries is subject to no Liens, other than Permitted Encumbrances and such defects
in title as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

(c)       Schedule
7.02 sets forth a complete and accurate list of all Investments of the type described in clause (b) of the definition of “Permitted
Investments” held by any Loan Party or any Subsidiary of a Loan Party on the Effective Date, showing as of the Effective
Date the amount, obligor or issuer and maturity, if any, thereof.

(d)       Schedule
7.03 sets forth a complete and accurate list of all Material Indebtedness of the type described in clause (a) of the definition
of “Permitted Indebtedness” of each Loan Party or any Restricted Subsidiary of a Loan Party on the Effective Date,
showing as of the Effective Date the amount, obligor or issuer and maturity thereof.

5.09     Environmental
Compliance.

(a)       Except
for any matters that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, no
Loan Party or any Restricted Subsidiary thereof or any of their respective facilities or operations (i) is in violation of any
Environmental Law or has failed to obtain, maintain or comply with any permit, license or other approval required under any Environmental
Law, (ii) is subject to any Environmental Liability, (iii) is in receipt of any pending notice or claim with respect to any Environmental
Liability or (iv) is aware of any basis for any Environmental Liability; and

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(b)       No
Loan Party or any Restricted Subsidiary thereof is undertaking, and no Loan Party or any Restricted Subsidiary thereof has completed,
either individually or together with other potentially responsible parties, any investigation or assessment or remedial or response
action relating to any actual or threatened Release or threat of Release of Hazardous Materials at any site, location or operation,
either voluntarily or pursuant to the order of any Governmental Authority or the requirements of any Environmental Law, except
for any investigations, assessments, remedial or response actions that would not, either individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect.

5.10     Taxes.
Except for failures that would not reasonably be expected, either individually or in the aggregate, to result in a Material Adverse
Effect, the Loan Parties and each of their Restricted Subsidiaries have filed all Tax returns and reports required to be filed,
and have paid all Taxes levied or imposed upon them or their properties, income or assets or otherwise due and payable (including
in the capacity of withholding agent), except those which are being contested in good faith by appropriate proceedings being diligently
conducted, for which adequate reserves have been provided in accordance with GAAP, as to which Taxes no Liens (other than Permitted
Encumbrances on account thereof) have has been filed and which contest effectively suspends the collection of the contested obligation
and the enforcement of any Lien securing such obligation. There is no current, pending or proposed Tax audit, deficiency, assessment
or other claim or proceeding with respect to any Loan Party or any of their Subsidiaries that, individually, or in the aggregate,
would reasonably be expected to result in a Material Adverse Effect.

5.11     ERISA
Compliance.

(a)       Each
Plan is in compliance with the applicable provisions of ERISA, the Code and other Federal or state Laws, except where non-compliance
would not individually or in the aggregate reasonably be expected to have a Material Adverse Effect. No Lien imposed under the
Code or ERISA exists or is likely to arise on account of any Plan that individually or in the aggregate would reasonably be expected
to have a Material Adverse Effect.

(b)       There
are no pending or, to the best knowledge of the Lead Borrower, threatened claims, actions or lawsuits, or action by any Governmental
Authority, with respect to any Plan that individually or in the aggregate would reasonably be expected to have a Material Adverse
Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that
has resulted or individually or in the aggregate would reasonably be expected to result in a Material Adverse Effect.

(c)       (i)
No ERISA Event has occurred or is reasonably expected to occur that individually or in the aggregate would reasonably be expected
to have a Material Adverse Effect; (ii) neither any Loan Party nor any ERISA Affiliate has incurred, or reasonably expects to incur,
any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not delinquent under Section
4007 of ERISA) that individually or in the aggregate would reasonably be expected to have a Material Adverse Effect; (iii) neither
any Loan Party nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and to the best knowledge of
the Lead Borrower, no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability)
under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan that individually or in the aggregate would reasonably
be expected to have a Material Adverse Effect; and (iv) neither any Loan Party nor any ERISA Affiliate has engaged in a transaction
that would be subject to Sections 4069 or 4212(c) of ERISA that individually or in the aggregate would reasonably be expected to
have a Material Adverse Effect.

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5.12     Subsidiaries;
Equity Interests. As of the Effective Date: (a) the Loan Parties have no Subsidiaries other than those specifically disclosed
in Part (a) of Schedule 5.12, which Schedule sets forth, as of the Effective Date, the legal name, jurisdiction of incorporation
or formation and outstanding Equity Interests of each such Restricted Subsidiary, (b) all of the outstanding Equity Interests in
such Restricted Subsidiaries have been validly issued, are fully paid and non-assessable, and are owned by a Loan Party (or a Restricted
Subsidiary of a Loan Party) in the amounts specified on Part (a) of Schedule 5.12 free and clear of all Liens except for
Liens in favor of the Collateral Agent under the Loan Documents and Permitted Encumbrances which do not have priority over the
Liens of the Collateral Agent. Except as set forth in Schedule 5.12, as of the Effective Date, there are no outstanding
rights to purchase any Equity Interests in any Restricted Subsidiary. As of the Effective Date, the Loan Parties have no equity
investments in any other Person other than those specifically disclosed in Schedule 7.02. The copies of the Organization
Documents of each Loan Party and each amendment thereto provided pursuant to Section 4.01 are true and correct copies of each such
document as of the Effective Date, each of which is valid and in full force and effect as of the Effective Date.

5.13     Margin
Regulations; Investment Company Act.

(a)       No
Loan Party is engaged or will be engaged, principally or as one of its important activities, in the business of purchasing or carrying
margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying
margin stock. None of the proceeds of the Credit Extensions shall 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 Credit Extensions to be considered a “purpose
credit” within the meaning of Regulations T, U, or X issued by the FRB.

(b)       None
of the Loan Parties, any Person Controlling any Loan Party, or any Subsidiary is required to be registered as an “investment
company” under the Investment Company Act of 1940.

5.14     Disclosure.
Each Loan Party has disclosed to the Administrative Agent and the Lenders all agreements, instruments and corporate or other restrictions
to which it or any of its Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, on
the Effective Date, would reasonably be expected to result in a Material Adverse Effect on the Effective Date. No report, financial
statement, certificate or other factual written information furnished in writing by or on behalf of any Loan Party to the Administrative
Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered
hereunder or under any other Loan Document (excluding projected financial information, forward-looking statements and general industry
or general economic data) (in each case, as modified or supplemented by other information so furnished) and taken as a whole, contains
any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of
the circumstances under which they were made, not materially misleading; provided that, with respect to projected financial
information, the Loan Parties represent only that such information was prepared in good faith based upon assumptions believed to
be reasonable at the time (it being understood that such projected financial information is subject to significant uncertainties
and contingencies, many of which are beyond the control of the Loan Parties, that no assurance is given that any particular projections
will be realized, that actual results may differ and that such differences may be material).

5.15     Compliance
with Laws. Each of the Loan Parties and each Restricted Subsidiary is in compliance in all material respects with the requirements
of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which
(a) such requirement of Law or order, writ, injunction or decree is being contested in
good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the
aggregate, would not reasonably be expected to have a Material Adverse Effect.

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5.16     Intellectual
Property; Licenses, Etc. Except, in each case, as would not reasonably be expected to have, individually or in the aggregate,
a Material Adverse Effect, the Loan Parties and their Subsidiaries own, or possess the right to use, all of the Intellectual Property
that is reasonably necessary for the operation of their respective businesses as currently conducted. Except, in each case, as
would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, the operation of their respective
businesses by any Loan Party or any Subsidiary does not violate, dilute, or misappropriate and has not, in the past three (3) years
infringed, any Intellectual Property rights held by any other Person, and except as disclosed in Schedule 5.16, no claim
or litigation regarding any of the foregoing is pending or, to the knowledge of the Lead Borrower, threatened in writing against
any Loan Party or Restricted Subsidiary, which, either individually or in the aggregate, would reasonably be expected to have a
Material Adverse Effect.

5.17     Labor
Matters. There are no strikes, lockouts, slowdowns or other labor disputes against any Loan Party or any Restricted Subsidiary
thereof pending or, to the knowledge of any Loan Party, threatened that individually or in the aggregate would reasonably be expected
to have a Material Adverse Effect. The hours worked by and payments made to employees of the Loan Parties comply with the Fair
Labor Standards Act and any other applicable federal, state, local or foreign Law dealing with such matters except to the extent
that any such violation would not individually or in the aggregate reasonably be expected to have a Material Adverse Effect. No
Loan Party or any of its Restricted Subsidiaries has incurred any liability or obligation under the Worker Adjustment and Retraining
Notification Act or similar state Law that has not been satisfied that individually or in the aggregate would reasonably be expected
to have a Material Adverse Effect. Except as would not reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect, all payments due from any Loan Party and its Restricted Subsidiaries, or for which any claim may be made against
any Loan Party or any of its Restricted Subsidiaries, on account of wages and employee health and welfare insurance and other benefits,
have been paid or properly accrued in accordance with GAAP as a liability on the books of such Loan Party. There are no representation
proceedings pending or, to any Loan Party’s knowledge, threatened to be filed with the National Labor Relations Board, and
no labor organization or group of employees of any Loan Party or any Restricted Subsidiary has made a pending demand for recognition
that individually or in the aggregate would reasonably be expected to have a Material Adverse Effect. There are no complaints,
unfair labor practice charges, grievances, arbitrations, unfair employment practices charges or any other claims or complaints
against any Loan Party or any Restricted Subsidiary pending or, to the knowledge of any Loan Party, threatened to be filed with
any Governmental Authority or arbitrator based on, arising out of, in connection with, or otherwise relating to the employment
or termination of employment of any employee of any Loan Party or any of its Subsidiaries which individually or in the aggregate
would reasonably be expected to have a Material Adverse Effect. The consummation of the transactions contemplated by the Loan Documents
will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining
agreement to which any Loan Party or any of its Restricted Subsidiaries is bound that individually or in the aggregate would reasonably
be expected to have a Material Adverse Effect.

5.18     Security
Documents.

(a)       The
Security Agreement creates in favor of the Collateral Agent, for the benefit of the Credit Parties referred to therein, a legal,
valid, and enforceable security interest in the Collateral (as defined in the Security Agreement), the enforceability of which
is subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles
of equity, regardless of whether considered in a proceeding in equity or at law. Upon the filing of UCC financing statements in
proper form, and delivery to the Collateral Agent of all possessory collateral required to be delivered by the Security Agreement
and/or the obtaining of “control” (as defined in the UCC) by the Collateral Agent

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 (or, so long as the Intercreditor
Agreement is in effect and the Designated Senior Agent is acting as agent for the Collateral Agent pursuant thereto for purposes
of obtaining possession of or establishing control over certain Collateral, to or by the Designated Senior Agent), the Collateral
Agent for the benefit of the Credit Parties, will have a perfected Lien on, and security interest in, to and under all right, title
and interest of the grantors thereunder in all Collateral (other than those DDAs for which the Agents have not required a Blocked
Account Agreement) that may be perfected under the UCC (in effect on the date this representation is made) by filing, recording
or registering a financing statement or by obtaining control or possession, in each case prior and superior in right to any other
Person to the extent required by the Loan Documents, subject to Permitted Encumbrances having priority under applicable Law.

(b)       When
the Security Agreement (or a short form thereof) in proper form is filed in the United States Patent and Trademark Office and the
United States Copyright Office and when financing statements, releases and other filings in appropriate form are filed in the offices
specified on Schedule II of the Security Agreement, the Collateral Agent shall have a fully perfected Lien on, and security interest
in, all right, title and interest of the applicable Loan Parties in the Intellectual Property Collateral (as defined in the Security
Agreement) in which a security interest may be perfected by filing, recording or registering a security agreement, financing statement
or analogous document in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, in
each case prior and superior in right to any other Person to the extent required by the Loan Documents, subject to Permitted Encumbrances
having priority under applicable Law (it being understood that subsequent recordings in the United States Patent and Trademark
Office and the United States Copyright Office may be necessary to perfect a Lien on registered trademarks, trademark applications
and copyrights acquired by the Loan Parties after the Effective Date).

5.19     Solvency.
Immediately after giving effect to the transactions contemplated by this Agreement, and before and after giving effect to each
Credit Extension, the Loan Parties, on a Consolidated basis, are Solvent. No transfer of property has been or will be made by any
Loan Party and no obligation has been or will be incurred by any Loan Party in connection with the transactions contemplated by
this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of any
Loan Party.

5.20     Deposit
Accounts. Annexed hereto as Schedule 5.20 is a list of all DDAs maintained by the Loan Parties as of the Effective Date,
which Schedule includes, with respect to each DDA (i) the name and address of the depository; (ii) the account number(s) maintained
with such depository; (iii) a contact person at such depository, and (iv) the identification of each Blocked Account Bank.

5.21     Material
Contracts. Schedule 5.21 sets forth all Material Contracts to which any Loan Party is a party as of the Effective Date.
The Loan Parties have delivered true, correct and complete copies of such Material Contracts to the Administrative Agent on or
before the Effective Date, subject to confidentiality restrictions contained therein. The Loan Parties are not in breach or in
default of or under any Material Contract which would reasonably likely result in a Material Adverse Effect and have not received
any written notice of the intention of any other party thereto to terminate any Material Contract prior to the end of its current
term.

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5.22     USA
PATRIOT Act Notice. Each Loan Party is in compliance, in all material respects, with Patriot Act, to the extent each Loan Party
is legally required to comply with the Patriot Act.

5.23     Office
of Foreign Assets Control. Neither the advance of the Loans nor the use of the proceeds of the Loans, nor the lending, contribution
or otherwise making available such proceeds to any Subsidiary, joint venture partner or other individual or entity, will be used
to fund any activities of or business with any individual or entity, or in any Designated Jurisdiction, that at the time of such
funding, is the subject of Sanctions, or in any other manner that will result in a violation by any individual or entity (including
any individual or entity participating in the transaction, whether as Lender, Arranger, Administrative Agent, L/C Issuer, Swing
Line Lender, or otherwise) of Sanctions. Neither the Borrowers, nor any of their Subsidiaries, nor, to the knowledge of the Borrowers
and their Subsidiaries, any director, officer, employee, agent, Affiliate or representative thereof, is an individual or entity
that is, or is 50% owned or controlled by any individual or entity that is (i) currently the subject or target of any Sanctions
or (ii) located, organized or a resident in a Designated Jurisdiction.

5.24     Use
of Proceeds. On the Effective Date, the proceeds of the initial Commitments (in addition to Letters of Credit issued hereunder)
will, subject to the Loan Cap, be used to repay all or a portion of the Indebtedness under the Existing ABL Credit Agreement, the
Existing Note Purchase Agreement and for general corporate purposes. Following the Effective Date, the Loans will be used by the
Parent and its Subsidiaries for working capital (including the purchase of Inventory and Equipment) and general corporate purposes
(including Permitted Acquisitions and other Investments).

5.25     Anti-Money
Laundering. No Borrower or Guarantor, none of their Subsidiaries and, to the knowledge of senior management of each Borrower
or Guarantor, none of its Affiliates and none of its respective officers, directors, brokers or agents, acting in their capacity
on behalf of such Borrower or Guarantor or such Subsidiary or Affiliate (i) has violated or is in violation of any applicable anti-money
laundering law or (ii) has engaged or engages in any transaction, investment, undertaking or activity that conceals the identity,
source or destination of the proceeds from any category of offenses designated in any applicable law, regulation or other binding
measure implementing the “Forty Recommendations” and “Nine Special Recommendations” published by the Organization
for Economic Cooperation and Development’s Financial Action Task Force on Money Laundering.

5.26     FCPA.
The Parent and its Subsidiaries and, to the knowledge of the Parent and its Subsidiaries, their respective officers, directors,
employees, agents and Affiliates while acting on behalf of the Parent or its Subsidiaries, have conducted their businesses in compliance
with the anti-bribery provisions of the United States Foreign Corrupt Practices Act of 1977 and, to the extent applicable, the
UK Bribery Act 2010 and other similar anti-corruption legislation in other jurisdictions and maintain policies and procedures designed
to promote and achieve compliance with such laws, to the extent such laws are applicable to the Parent and its Subsidiaries. No
part of the proceeds of the Loans will be used, directly or indirectly, for any payments to any governmental official or employee,
political party, official of a political party, candidate for political office, or anyone else acting in an official capacity,
in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt
Practices Act of 1977, as amended, or any other applicable anti-corruption laws.

5.27     Insurance.
The properties of the Lead Borrower and its Subsidiaries are insured with financially sound and reputable insurance companies not
Affiliates of the Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried by companies
engaged in similar businesses and owning similar properties in localities where the Lead Borrower or the applicable Subsidiary
operates.

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5.28     Borrowing
Base Certificate. At the time of delivery of each Borrowing Base Certificate, assuming that any eligibility criterion that
requires the approval or satisfaction of the Administrative Agent has been approved by or is satisfactory to the Administrative
Agent, the Equipment reflected therein as eligible for inclusion in the Borrowing Base constitutes Eligible Frac Iron, the Inventory
reflected therein as eligible for inclusion in the Borrowing Base constitutes Eligible Inventory, and the Accounts and unbilled
Accounts reflected therein as eligible for inclusion in the Borrowing Base constitute Eligible Billed Accounts and Eligible Unbilled
Accounts, in each case as of the period end date for which such Borrowing Base Certificate is calculated.

5.29     EEA
Financial Institutions. No Loan Party is an EEA Financial Institution.

ARTICLE VI

AFFIRMATIVE COVENANTS

So long as any Lender shall have any
Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied (other than contingent indemnification
claims for which a claim has not been asserted), or any Letter of Credit shall remain outstanding, the Loan Parties shall, and
shall (except in the case of the covenants set forth in Sections 6.01, 6.02, and 6.03) cause each Subsidiary to:

6.01     Financial
Statements. Deliver to the Administrative Agent, in form and detail satisfactory to the Administrative Agent:

(a)       as
soon as available, but in any event within 105 days (or such earlier date on which the Parent is required (after giving effect
to any extensions granted by the SEC) to make any public filing of such information) after the end of each Fiscal Year of the Parent,
(x) a Consolidated balance sheet of the Keane Group as at the end of such Fiscal Year, and the related Consolidated statements
of income or operations, Shareholders’ Equity and cash flows for such Fiscal Year, setting forth in each case in comparative
form the figures for the previous Fiscal Year, all in reasonable detail and prepared in accordance with GAAP, such Consolidated
statements to be audited and accompanied by a report and unqualified opinion of a Registered Public Accounting Firm of nationally
recognized standing reasonably acceptable to the Administrative Agent, which report and opinion shall be prepared in accordance
with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or
exception or any qualification or exception as to the scope of such audit (other than with respect to an upcoming maturity of any
Indebtedness or potential default under any financial covenant) and (y) a copy of management’s discussion and analysis with
respect to the financial statements of such Fiscal Year, all of which shall be in form and detail reasonably satisfactory to the
Administrative Agent;

(b)       as
soon as available, but in any event within 50 days (or such earlier date on which the Parent is required (after giving effect to
any extensions granted by the SEC) to make any public filing of such information) after the end of each of the first three Fiscal
Quarters of each Fiscal Year of the Parent, (x) a Consolidated balance sheet of the Keane Group as at the end of such Fiscal Quarter
and the related Consolidated statements of income or operations, Shareholders’ Equity and cash flows for such Fiscal Quarter
and for the portion of the Parent’s Fiscal Year then ended, setting forth in each case in comparative form the figures for
(A) the corresponding Fiscal Quarter of the previous Fiscal Year and (B) the corresponding portion of the previous Fiscal Year,
all in reasonable detail, such Consolidated statements to be certified by a Responsible Officer of the Parent as fairly presenting
in all material respects the financial condition, results of operations, Shareholders’ Equity and cash flows of the Keane 

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Group as of the end of such Fiscal Quarter in
accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes and that prior Fiscal
Year results are not required to be restated for changes in discontinued operations and (y) a copy of management’s
discussion and analysis with respect to the financial statements of such Fiscal Quarter, all of which shall be in form and
detail reasonably satisfactory to the Administrative Agent;

(a)       if
a Fiscal Month Event has occurred and is continuing, then, at the discretion of the Administrative Agent, as soon as available,
but in any event within 45 days after the end of each Fiscal Month (other than (x) in the case of an Fiscal Month that coincides
with the end of a Fiscal Quarter (other than the last Fiscal Quarter of any Fiscal Year), in which case the financial statements
required by this clause (c) shall be due 60 days after the end of such Fiscal Month or (y) a Fiscal Month that coincides with
the end of a Fiscal Year), a Consolidated balance sheet of the Parent as at the end of such Fiscal Month, and the related Consolidated
statements of income or operations, and cash flows for such Fiscal Month, and for the portion of the Parent’s Fiscal Year
then ended, setting forth in each case in comparative form the figures for (A) the corresponding Fiscal Month of the previous Fiscal
Year and (B) the corresponding portion of the previous Fiscal Year, all in reasonable detail, such Consolidated statements to be
certified by a Responsible Officer of the Parent as fairly presenting in all material respects the financial condition, results
of operations, and cash flows of the Parent as of the end of such Fiscal Month in accordance with GAAP, subject only to normal
year-end audit adjustments and the absence of footnotes and that prior Fiscal Year results are not required to be restated for
changes in discontinued operations; and

(b)       as
soon as available, but in any event no more than 90 days after the end of each Fiscal Year of the Parent, forecasts and budgets
prepared by management of the Parent, in form reasonably satisfactory to the Administrative Agent, of the Loan Cap and the Consolidated
balance sheets and statements of income or operations and cash flows of the Keane Group on an annual basis (except that the Loan
Cap shall be projected on a quarterly basis) for the immediately following Fiscal Year (including the fiscal year in which the
Maturity Date occurs); it being understood and agreed that (i) any forecasts furnished hereunder are subject to significant uncertainties
and contingencies, which may be beyond the control of the Loan Parties, (ii) no assurance is given by the Loan Parties that the
results or forecast in any such projections will be realized and (iii) the actual results may differ from the forecasted results
set forth in such projections and such differences may be material.

Notwithstanding the foregoing,
the obligations in paragraphs (a), (b) and (c) of this Section 6.01 may be satisfied with respect to financial information of the
Keane Group by furnishing (A) the Parent’s (or any direct or indirect parent thereof, as applicable) Form 10-K or 10-Q, as
applicable, filed with the SEC; provided that, (i) such information is accompanied by consolidated information that explains
in reasonable detail the differences between the information relating to the Parent (or a parent of the Parent, if such information
related to such a parent), on the one hand, and the information relating to the Lead Borrower and its Restricted Subsidiaries on
a standalone basis, on the other hand, and (ii) to the extent such information is in lieu of information required to be provided
under this Section 6.01, such materials are accompanied by a report and opinion of an independent registered public accounting
firm of nationally recognized standing, which report and opinion shall be prepared in accordance with GAAP and consistent with
the requirements of Section 6.01.

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6.02     Certificates;
Other Information. Deliver to the Administrative Agent, in form and detail reasonably satisfactory to the Administrative Agent:

(a)       concurrently
with the delivery of the financial statements referred to in Section 6.01(a), a certificate of its Registered Public Accounting
Firm certifying such financial statements;

(b)       (i)
On or prior to the fifteenth (15th) day of each Fiscal Month (or, if such day is not a Business Day, on the next succeeding
Business Day), a Borrowing Base Certificate showing the Borrowing Base as of the close of business as of the last day of the immediately
preceding Fiscal Month, each Borrowing Base Certificate to be certified as complete and correct by a Responsible Officer of the
Lead Borrower; provided that at any time that an Accelerated Borrowing Base Delivery Event has occurred and is continuing,
such Borrowing Base Certificate shall be delivered on Wednesday of each week (or, if Wednesday is not a Business Day, on the next
succeeding Business Day), as of the close of business on the immediately preceding Saturday and (ii) within three (3) Business
Days after the consummation of the Disposition of any Collateral included in the Borrowing Base having a Fair Market Value in excess
of $7,500,000, a Borrowing Base Certificate showing the Borrowing Base after giving effect to the consummation of such Disposition;

(c)       promptly
upon receipt, copies of any detailed audit reports, management letters or recommendations submitted to the Board of Directors (or
the audit committee of the board of directors) of any Loan Party by its Registered Public Accounting Firm in connection with the
accounts or books of the Loan Parties or any Restricted Subsidiary, or any audit of any of them;

(d)       concurrently
with the delivery of the financial statements referred to in Sections 6.01(a), (b) and (c), a duly completed
Compliance Certificate signed by the chief executive officer, chief financial officer, treasurer or controller of Lead Borrower
(i) certifying that no Default or Event of Default has occurred and is continuing, or if a Default or Event of Default has occurred
and is continuing, the nature and extent thereof and the expected remedial actions, (ii) certifying that such financial statements
fairly present the financial condition and results of operations in accordance with GAAP and (iii) with respect to financial statements
delivered pursuant to Sections 6.01(a) and (b), setting forth reasonably detailed calculations with respect
to the Total Net Leverage Ratio and the Consolidated Fixed Charge Coverage Ratio (which delivery may, unless the Administrative
Agent, or a Lender requests executed originals, be by electronic communication including fax or email and shall be deemed to be
an original authentic counterpart thereof for all purposes);

(e)       promptly,
such additional information regarding the business affairs, financial condition or operations of any Loan Party or any Restricted
Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent (or any Lender acting through the Administrative
Agent) may from time to time reasonably request; and

(f)       at
any time there are no Loans outstanding and the aggregate amount of L/C Obligations (excluding any L/C Obligations that have been
Cash Collateralized) is less than or equal to $2,500,000, on or prior to the fifteenth (15th) day, of each Fiscal Month
(or, if such day is not a Business Day, on the next succeeding Business Day), a statement in form reasonably acceptable to the
Administrative Agent detailing the aggregate amount of unrestricted cash and Cash Equivalents on hand of the Parent and its Subsidiaries
as of the close of business as of the last day of the immediately preceding Fiscal Month, each statement to be certified as complete
and correct by a Responsible Officer of the Lead Borrower; provided that at any time upon the Administrative Agent’s request (in its sole discretion),
such statement shall be delivered weekly or more frequently.

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Documents required to be delivered pursuant to Section 6.01
or Section 6.02(e) may (but shall not be required to) be delivered electronically (which may be filed with the SEC) and if so delivered,
shall be deemed to have been delivered on the date (i) on which the Lead Borrower posts such documents, or provides a link thereto
on the Parent’s website on the Internet at www.keanegrp.com; or (ii) on which such documents are posted on the Parent’s
behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent has access (whether a commercial,
third-party website or whether sponsored by the Administrative Agent); provided that: (i) the Parent shall deliver paper
copies of such documents to the Administrative Agent if the Administrative Agent requests the Parent to deliver such paper copies
until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the Lead
Borrower shall notify the Administrative Agent (by telecopier or electronic mail) of the posting of any such documents and provide
to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. The Administrative
Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above. The Loan Parties
hereby acknowledge that the Administrative Agent and/or the Arranger will make available to the Lenders and each L/C Issuer materials
and/or information provided by or on behalf of the Loan Parties hereunder (collectively, “Borrower Materials”)
by posting the Borrower Materials on Intralinks or another similar electronic system (the “Platform”).

6.03     Notices.
Promptly after any Responsible Officer of the Lead Borrower obtains knowledge thereof, notify the Administrative Agent:

(a)       of
the occurrence of any Default;

(b)       of
any matter that has resulted or would reasonably be expected to result in a Material Adverse Effect;

(c)       of
the occurrence of any ERISA Event that would reasonably be expected to have a Material Adverse Effect; or

(d)       of
the commencement of, or any material development in, any litigation or proceeding affecting the Parent or any Restricted Subsidiary
in each case that has resulted or would reasonably be expected to result in a Material Adverse Effect.

Each notice pursuant to this Section shall be accompanied
by a statement of a Responsible Officer of the Lead Borrower setting forth details of the occurrence referred to therein and stating
what action the Lead Borrower has taken and proposes to take with respect thereto.

6.04     Payment
of Obligations. Pay and discharge as the same shall become due and payable, all its obligations and liabilities, including
(x) all Tax liabilities, assessments and governmental charges or levies upon it or its properties or assets (including in its capacity
as a withholding agent); (y) all lawful claims which, if unpaid, would by Law become a Lien upon its property; and (z) all Indebtedness,
as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such
Indebtedness, except, in each case, where (a)(i) the validity or amount thereof is being contested in good faith by appropriate
proceedings diligently conducted, (ii) such Loan Party has set aside on its books adequate reserves with respect thereto in accordance
with GAAP, (iii) such contest effectively suspends collection of the contested obligation and enforcement of any Lien securing
such obligation, and (iv) no Lien has been filed with respect thereto (other than Permitted Encumbrances) or (b) the failure to
make payment pending such contest would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect.
Nothing contained herein shall be deemed to limit the rights of the Agents with respect to determining Reserves pursuant to this
Agreement.

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6.05     Preservation
of Existence, Etc. (a) Preserve, renew and maintain in full force and effect its legal existence (and, except to the extent
the failure to do so would not reasonably be expected to have a Material Adverse Effect, good standing) under the Laws of the jurisdiction
of its organization or formation except in a transaction permitted by Section 7.04 or 7.05; (b) take all reasonable action to maintain
all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to
the extent that failure to do so would not reasonably be expected to have a Material Adverse Effect; and (c) preserve or renew
all of its Intellectual Property, except to the extent such Intellectual Property is no longer used or useful in the conduct of
the business of the Loan Parties or that the failure to do so would not reasonably be expected to have a Material Adverse Effect.

6.06    
Maintenance of Properties. (a) Maintain, preserve and protect all of its material properties and equipment necessary in
the operation of its business in good working order and condition, ordinary wear and tear and casualty or condemnation events
excepted; and (b) make all necessary repairs thereto and renewals and replacements thereof except, in each case of clauses
(a) and (b), where the failure to do so would not reasonably be expected to have a Material Adverse Effect.

6.07     Maintenance
of Insurance. Maintain insurance with respect to its property and business substantially consistent with past practices and
as disclosed to the Administrative Agent prior to the Effective Date and as is customarily carried under similar circumstances
by other Persons in the same or similar businesses operating in the same or similar locations, as is reasonably acceptable to the
Administrative Agent. Fire and extended coverage or “all-risk” policies maintained with respect to any Collateral shall
be endorsed to include a lenders’ loss payable clause (regarding personal property), in form and substance reasonably satisfactory
to the Administrative Agent, which endorsements shall provide that none of the Borrowers, the Administrative Agent, the Collateral
Agent, or any other party shall be a coinsurer and such other provisions as the Administrative Agent may reasonably require from
time to time to protect the interests of the Lenders and all first party property insurance covering Collateral shall name the
Collateral Agent as additional insured or loss payee, as applicable, and all liability insurance shall name the Collateral Agent
as additional insured.

6.08     Compliance
with Laws. Comply in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees
applicable to it or to its business or property, except in such instances in which (a)(i) such requirement of Law or order, writ,
injunction or decree is being contested in good faith by appropriate proceedings diligently conducted and with respect to which
adequate reserves have been set aside and maintained by the Loan Parties in accordance with GAAP and (ii) such contest effectively
suspends enforcement of the contested Laws; or (b) the failure to comply therewith would not reasonably be expected to have a Material
Adverse Effect.

6.09     Books
and Records; Accountants.

(a)       Maintain
proper books of record and account, in which full, true and correct entries in all material respects in conformity with GAAP consistently
applied shall be made of all financial transactions and matters involving the assets and business of the Keane Group; and (ii)
maintain such books of record and account in material conformity with all applicable requirements of any Governmental Authority
having regulatory jurisdiction over the Keane Group.

(b)       At
all times retain a Registered Public Accounting Firm which is reasonably satisfactory to the Administrative Agent and shall instruct
such Registered Public Accounting Firm to cooperate with,

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and be available to, the Administrative
Agent or its representatives to discuss the Loan Parties’ financial performance, financial condition, operating results,
controls, and such other matters, within the scope of the retention of such Registered Public Accounting Firm, as may be raised
by the Administrative Agent; provided that an officer of the Lead Borrower shall be entitled to participate in any such
discussions.

6.10     Inspection
Rights.

(a)       Permit
representatives and independent contractors of the Administrative Agent and Collateral Agent to visit and inspect any of its properties,
to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs,
finances and accounts with its directors, officers, and Registered Public Accounting Firm at such reasonable times during normal
business hours upon reasonable advance notice to the Lead Borrower; provided, however, that unless an Event of Default
has occurred and is continuing, only one visit in any calendar year shall be permitted and such visit shall be at the Loan Parties’
expense.

(b)       Upon
the request of the Administrative Agent after reasonable prior notice, permit the Administrative Agent or professionals (including
investment bankers, consultants, accountants, and lawyers) retained by the Administrative Agent to conduct commercial finance examinations
and other evaluations at the frequency specified below, including, without limitation, of (i) the Lead Borrower’s practices
in the computation of the Borrowing Base and (ii) the assets included in the Borrowing Base and related financial information such
as, but not limited to, sales, gross margins, payables, accruals and reserves. The Loan Parties shall pay the reasonable and documented
out-of-pocket fees and expenses of the Administrative Agent and such professionals with respect to such examinations and evaluations.
Notwithstanding the foregoing, except as provided in the provisos to this sentence, the Administrative Agent shall be permitted
to conduct one (1) commercial finance examination each Fiscal Year at the Borrowers’ expense; provided that, in the
event that Excess Availability is at any time less than the greater of (A) 20% of the Loan Cap and (B) $25,000,000 for five (5)
consecutive Business Days during any Fiscal Year, the Administrative Agent shall be permitted to conduct up to two (2) commercial
finance examinations in any twelve-month period at the Borrowers’ expense; provided further that, at any time an Event
of Default has occurred and is continuing, the Administrative Agent shall be permitted to conduct four (4) commercial finance examinations
in any Fiscal Year and such examinations shall be at the Borrowers’ expense. Notwithstanding the foregoing, the Administrative
Agent may cause additional commercial finance examinations to be undertaken (i) as it in its discretion deems necessary or appropriate,
at its own expense or, (ii) if required by Law, at the expense of the Loan Parties.

(c)       Upon
the request of the Administrative Agent after reasonable prior notice, permit the Administrative Agent or professionals (including
appraisers) retained by the Administrative Agent to conduct appraisals and audits of the Collateral, including, without limitation,
the assets included in the Borrowing Base. The Loan Parties shall pay the reasonable and documented out-of-pocket fees and expenses
of the Administrative Agent and such professionals with respect to such appraisals. Notwithstanding the foregoing, except as provided
in the provisos to this sentence, the Administrative Agent shall be permitted to conduct up to one Inventory appraisal in any twelve-month
period at the Loan Parties’ expense; provided that in the event that the Excess Availability is at any time less than
the greater of (A) 20% of the Loan Cap and (B) $25,000,000 for five (5) consecutive Business Days during any Fiscal Year, the Administrative
Agent shall be permitted to conduct up to two (2) Inventory appraisals in any twelve-month period at the Borrowers’ expense;
provided further that if an Event of Default has

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occurred and is continuing the Administrative Agent
shall be permitted to conduct four (4) Inventory appraisals in any Fiscal Year and such appraisals shall be at the Borrowers’
expense. Notwithstanding the foregoing, the Administrative Agent may cause additional appraisals to be undertaken (i) as it in
its discretion deems necessary or appropriate, at its own expense or, (ii) if required by Law, at the expense of the Loan Parties.

6.11     Additional
Loan Parties. Notify the Administrative Agent promptly after any Person becomes a Subsidiary (other than any Excluded Subsidiary
but including any Unrestricted Subsidiary being reclassified as a Restricted Subsidiary) of the Parent, and promptly thereafter
(and in any event within fifteen (15) Business Days) if requested by the Administrative Agent, (i) cause any such Person to become
a Borrower or Guarantor by executing and delivering to the Administrative Agent a Joinder Agreement to this Agreement or a counterpart
of the Facility Guaranty or such other document as the Administrative Agent shall deem reasonably appropriate for such purpose,
(ii) subject to the requirements of Section 6.14(b), grant a Lien to the Collateral Agent on such Person’s assets on the
same types of assets which constitute Collateral under the Security Documents to secure the Obligations, and (iii) deliver to the
Administrative Agent documents of the types referred to in clauses (iii) and (iv) of Section 4.01(a) and if requested by the Administrative
Agent, favorable opinions of counsel to such Person (which shall cover, among other things, the legality, validity, binding effect
and enforceability of the documentation referred to in clause (a)), and (b) if any Equity Interests or Indebtedness of such Person
are owned by or on behalf of any Loan Party, to pledge such Equity Interests and promissory notes evidencing such Indebtedness,
in each case in form, content and scope reasonably satisfactory to the Administrative Agent. In addition, for purposes of compliance
with Section 6.01, any direct or indirect parent entity of the Parent may become a guarantor by executing and delivering to the
Administrative Agent a guarantee agreement in a form satisfactory to the Administrative Agent which shall be executed by the Lead
Borrower and such parent; provided that such parent entity shall not otherwise be deemed to be a “Borrower”,
“Guarantor” or “Loan Party” for any purpose under this Agreement. In no event shall compliance with this
Section 6.11 waive or be deemed a waiver or consent to any transaction giving rise to the need to comply with this Section 6.11
if such transaction was not otherwise expressly permitted by this Agreement or constitute or be deemed to constitute, with respect
to any Subsidiary, an approval of such Person as a Borrower or Guarantor or permit the inclusion of any acquired assets in the
computation of the Borrowing Base.

6.12     Cash
Management.

(a)       The
Loan Parties shall within 90 days after the Effective Date with respect to any DDA maintained on the Effective Date and within
90 days after the opening or acquisition of any new DDA or such longer period as the Administrative Agent may reasonably agree,
enter into a Blocked Account Agreement reasonably satisfactory in form and substance to the Agents with respect to each DDA maintained
with any Blocked Account Bank (collectively, the “Blocked Accounts”); provided that Blocked Accounts
shall not include (i) deposit accounts specifically and exclusively used for payroll, payroll taxes and employee wage, health and
other benefit payments to or for the benefit of any Loan Party’s employees, (ii) any zero balance account, (iii) accounts
solely used for cash deposits pursuant to the definition of Permitted Encumbrances, (iv) any escrow account, trust and customer
deposit account, (v) accounts solely used to deposit proceeds of the Designated Senior Indebtedness Priority Collateral, and (vi)
accounts not exceeding $1,000,000 in the aggregate for all such accounts.

(b)       Subject
to clause (a) above, instruct all customers to deposit all cash proceeds from sales of Inventory or Frac Iron or performance of
services in every form into a Blocked Account and to the extent not so deposited directly by the customers, deposit such amounts
into a Blocked Account promptly, but in no event less frequently
than once every three (3) Business Days.

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(c)       Each
Blocked Account Agreement shall require that, after the Blocked Account Bank’s receipt of written notice from the Collateral
Agent given after the occurrence and during the continuance of a Dominion Trigger Event, the Blocked Account Bank shall effectuate
the ACH or wire transfer no less frequently than each Business Day (and whether or not there are then any outstanding Obligations)
to the concentration account maintained by the Collateral Agent at Bank of America (the “Collection Account”)
of all funds in such Blocked Account.

(d)       The
Collection Account shall at all times be under the sole dominion and control of the Collateral Agent. The Loan Parties hereby acknowledge
and agree that (i) the Loan Parties have no right of withdrawal from the Collection Account, (ii) the funds on deposit in the Collection
Account shall at all times be collateral security for all of the Obligations and (iii) the funds on deposit in the Collection Account
shall be applied pursuant to Section 8.03 on a daily basis after the occurrence and during the continuation of a Dominion Trigger
Event. In the event that, notwithstanding the provisions of this Section 6.12, any Loan Party receives or otherwise has dominion
and control of any such proceeds or collections, such proceeds and collections shall be held in trust by such Loan Party for the
Collateral Agent, shall not be commingled with any of such Loan Party’s other funds or deposited in any account of such Loan
Party and shall, not later than the Business Day after receipt thereof, be deposited into the Collection Account or dealt with
in such other fashion as such Loan Party may be instructed by the Collateral Agent.

(e)       Upon
the request of the Administrative Agent after the occurrence and during the continuance of a Dominion Trigger Event, cause bank
statements and/or other reports to be delivered to the Administrative Agent not less often than monthly, accurately setting forth
all amounts deposited in each Blocked Account to ensure the proper transfer of funds as set forth above.

6.13     Information
Regarding the Collateral.

(a)       Furnish
to the Administrative Agent at least fifteen (15) days (or such shorter period as the Administrative Agent may agree) prior written
notice of any change in: (i) any Loan Party’s legal name; (ii) the location of any Loan Party’s chief executive office,
its principal place of business, any office in which it maintains books or records relating to Collateral owned by it or any office
or facility at which Collateral owned by it is located (including the establishment of any such new office or facility, but excluding
in-transit Collateral, Collateral out for repair, and Collateral temporarily stored at a Customer’s location in connection
with the providing of services to such Customer); (iii) any Loan Party’s organizational structure or jurisdiction of incorporation
or formation; or (iv) any Loan Party’s Federal Taxpayer Identification Number or organizational identification number assigned
to it by its state of organization. The Loan Parties shall not effect or permit any change referred to in the preceding sentence
unless the Loan Parties have undertaken all such action, if any, reasonably requested by the Administrative Agent under the UCC
or otherwise that is required in order for the Collateral Agent to continue at all times following such change to have a valid,
legal and perfected first priority security interest in all the Collateral for its own benefit and the benefit of the other Credit
Parties.

(b)       From
time to time as may be reasonably requested by the Administrative Agent, the Lead Borrower shall supplement each Schedule hereto,
or any representation herein or in any other Loan Document, with respect to any matter arising after the Effective Date that is
required to be set forth or described in such Schedule 

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or as
an exception to such representation or that is necessary to correct any information in such Schedule or representation which has
been rendered inaccurate thereby (and, in the case of any supplements to any Schedule, such Schedule shall be appropriately marked
to show the changes made therein). Notwithstanding the foregoing, no supplement or revision to any Schedule or representation shall
be deemed the Credit Parties’ consent to the matters reflected in such updated Schedules or revised representations nor permit
the Loan Parties to undertake any actions otherwise prohibited hereunder or fail to undertake any action required hereunder from
the restrictions and requirements in existence prior to the delivery of such updated Schedules or such revision of a representation;
nor shall any such supplement or revision to any Schedule or representation be deemed the Credit Parties’ waiver of any Default
resulting from the matters disclosed therein.

6.14     Further
Assurances.

(a)       Execute
any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the
filing and recording of financing statements and other documents), that may be required under any Law, or which any Agent may reasonably
request, to effectuate the transactions contemplated by the Loan Documents or to grant, preserve, protect or perfect the Liens
created or intended to be created by the Security Documents or the validity or priority of any such Lien, all at the expense of
the Loan Parties, provided that no such document, financing statement, agreement, instrument or action taken shall, in the
Loan Parties’ good faith determination, materially increase the obligations or liabilities of the Loan Parties hereunder
or have any Material Adverse Effect on the Loan Parties.

(b)       If
any material assets of the type constituting Collateral are acquired by any Loan Party after the Effective Date (other than assets
constituting Collateral under the Security Documents that become subject to the Lien of the Security Documents upon acquisition
thereof), notify the Agents thereof, and the Loan Parties will, within sixty (60) days after such acquisition, cause such assets
to be subjected to a Lien securing the Obligations and take such actions as shall be reasonably necessary to perfect such Liens,
including actions described in paragraph (a) of this Section 6.14, all at the expense of the Loan Parties. In no event shall compliance
with this Section 6.14(b) waive or be deemed a waiver or consent to any transaction giving rise to the need to comply with this
Section 6.14(b) if such transaction was not otherwise expressly permitted by this Agreement or constitute or be deemed to constitute
consent to the inclusion of any acquired assets in the computation of the Borrowing Base.

6.15     ERISA.
The Lead Borrower will furnish to the Administrative Agent promptly following receipt thereof, copies of any documents described
in Sections 101(k) or 101(l) of ERISA that the Lead Borrower or any ERISA Affiliate may request with respect to any Multiemployer
Plan; provided that if the Lead Borrower or any ERISA Affiliate has not requested such documents or notices from the administrator
or sponsor of the applicable Multiemployer Plan, then, upon reasonable request of the Administrative Agent, the Lead Borrower and/or
the ERISA Affiliate shall promptly make a request for such documents or notices from such administrator or sponsor and shall provide
copies of such documents and notices to the Administrative Agent promptly after receipt thereof.

6.16     Use
of Proceeds. Each Borrower will use the proceeds of the Loans only as provided in Section 5.24. No part of the proceeds
of any Loans or Letters of Credit hereunder will be used, by any Loan Party or any of its Subsidiaries for the purpose of funding
any operations in, financing any investments or activities in or making any payments in violation of Sanctions, anti-terrorism
laws, anti-money laundering laws, United States Foreign Corrupt Practices Act of 1977, as amended or any similar Requirements of
Law.

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6.17     Post-Closing
Collateral Actions. The Lead Borrower agrees to deliver or cause to be delivered such documents and instruments, and take or
cause to be taken such other actions as may be reasonably necessary to provide the perfected security interests and to satisfy
such other conditions within the applicable time periods set forth on Schedule 6.17, as such time periods may be extended
by the Administrative Agent, in its sole discretion.

ARTICLE VII

NEGATIVE COVENANTS

So long as any Lender shall have any
Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied (other than contingent indemnification
claims for which a claim has not been asserted), or any Letter of Credit shall remain outstanding, no Loan Party shall, nor shall
it permit any Restricted Subsidiary to, directly or indirectly:

7.01     Liens.
Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter
acquired; sign or suffer to exist any security agreement authorizing any Person thereunder to file a financing statement; sell
any of its property or assets subject to an understanding or agreement (contingent or otherwise) to repurchase such property or
assets with recourse to it or any of its Restricted Subsidiaries; or assign as security or otherwise transfer as security any accounts
or other rights to receive income, other than, as to all of the above, Permitted Encumbrances.

7.02     Investments.
Make any Investments, except Permitted Investments.

7.03     Indebtedness;
Disqualified Stock. (a) Create, incur, assume, guarantee, suffer to exist or otherwise become or remain liable with respect
to, any Indebtedness, except Permitted Indebtedness, or (b) issue Disqualified Stock.

7.04    Fundamental
Changes. Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in one transaction or
in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of
any Person, except that:

(a)       (i)
any Restricted Subsidiary may merge, amalgamate or consolidate with a Borrower (including a merger, the purpose of which is to
reorganize a Borrower into a new jurisdiction in the United States); provided that such Borrower (as a newly recognized
entity) shall be the continuing or surviving Person and (ii) any Restricted Subsidiary may merge, amalgamate or consolidate with
one or more other Restricted Subsidiaries; provided that when any Person that is a Loan Party is merging with a Restricted
Subsidiary, a Loan Party shall be the continuing or surviving Person;

(b)       (i)
any Subsidiary that is not a Loan Party may merge, amalgamate or consolidate with or into any other Subsidiary that is not a Loan
Party and (ii) any Subsidiary may liquidate or dissolve or a Borrower or any Subsidiary may change its legal form if the Parent
determines in good faith that such action is in the best interest of the Keane Group and if not materially disadvantageous to the
Lenders (it being understood that in the case of any change in legal form, (x) any Borrower shall remain a Borrower and (y) a Subsidiary
that is a Guarantor will remain a Guarantor unless such Guarantor is otherwise permitted to cease being a Guarantor hereunder);

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(c)       any
Restricted Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise) to the Parent
or to another Restricted Subsidiary; provided that if the transferor in such a transaction is a Loan Party, then (i) the
transferee must be a Loan Party or (ii) to the extent constituting an Investment, such Investment must be a Permitted Investment
in or Indebtedness of a Restricted Subsidiary which is not a Loan Party in accordance with Section 7.02 (other than clause (e)
of the definition of “Permitted Investments”) and Section 7.03, respectively;

(d)       so
long as no Default exists or would result therefrom, a Borrower may merge with any other Person; provided that (i) such Borrower
shall be the continuing or surviving corporation or (ii) if the Person formed by or surviving any such merger or consolidation
is not a Borrower (any such Person, the “Successor Company”), (A) the Successor Company shall be an entity organized
or existing under the Laws of the United States, any state thereof, the District of Columbia or any territory thereof, (B) the
Successor Company shall expressly assume all the obligations of such Borrower under this Agreement and the other Loan Documents
to which such Borrower is a party pursuant to a supplement hereto or thereto in form reasonably satisfactory to the Agent, (C)
each Loan Party, unless it is the other party to such merger or consolidation, shall have confirmed that its obligations under
the Loan Documents, including the Guarantee, shall continue to apply to the Successor Company’s obligations under the Loan
Agreements, (D) each Loan Party, unless it is the other party to such merger or consolidation, shall have by a supplement to the
Security Agreement and other applicable Security Documents confirmed that its obligations thereunder shall apply to the Successor
Company’s obligations under the Loan Documents, (E) such Borrower shall have delivered to the Administrative Agent an officer’s
certificate and an opinion of counsel, each stating that such merger or consolidation and such supplement to this Agreement or
any Security Document does not conflict with this Agreement and (F) the Administrative Agent shall have received all documentation
and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering
rules and regulations, including without limitation the USA PATRIOT Act reasonably requested by the Lenders; provided further
that if the foregoing are satisfied, the Successor Company will succeed to, and be substituted for, such Borrower under this Agreement;

(e)       so
long as no Default exists or would result therefrom (in the case of a merger involving a Loan Party), any Restricted Subsidiary
may merge with any other Person in order to effect an Investment permitted pursuant to Section 7.02; provided that the continuing
or surviving Person shall be a Restricted Subsidiary or a Borrower, which together with each of its Restricted Subsidiaries, shall
have complied with the requirements of Section 6.11 and Section 6.14; and

(f)       so
long as no Default exists or would result therefrom, a merger, dissolution, liquidation, consolidation or Disposition, the purpose
of which is to effect a Disposition permitted pursuant to Section 7.05.

7.05     Dispositions.
Make any Disposition, except Permitted Dispositions. To the extent any Collateral is Disposed of in a Permitted Disposition to
any Person other than any Loan Party and the Net Proceeds therefrom are applied in accordance with this Agreement, such Collateral
shall be sold free and clear of all Liens created by the Loan Documents.

7.06     Restricted
Payments. Declare or make, directly or indirectly, any Restricted Payment, except that:

(a)       each
Restricted Subsidiary of a Loan Party may make Restricted Payments to any Loan Party;

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(b)       each
Restricted Subsidiary of a Loan Party which is not a Loan Party may make Restricted Payments to another Restricted Subsidiary that
is not a Loan Party;

(c)       Loan
Parties and their Restricted Subsidiaries may make Restricted Payments permitted by Sections 7.02 or 7.04;

(d)       the
Keane Group may, and may make a Restricted Payment to, repurchase Equity Interests of the Parent or Keane Investor held by a current
or former employee, officer or director of any of the Kean Group upon the termination, retirement or death of any such employee,
officer or director, provided that, as to any such repurchase, each of the following conditions is satisfied: (i) as of
the date of the payment for such repurchase and after giving effect thereto, no Dominion Trigger Event shall exist or have occurred
and be continuing, (ii) such repurchase shall be paid with funds legally available therefor, and (iii) the aggregate amount of
all payments for such repurchases in any Fiscal Year shall not exceed $7,500,000 plus amounts of such repurchases permitted
to have been made in prior Fiscal Years but not made, up to a maximum carry forward amount in any Fiscal Year of $5,000,000; plus
the Net Proceeds received by the Parent or any of its Subsidiaries from the sale of Equity Interests (other than Disqualified Stock)
of the Parent or any direct or indirect parent of the Parent (to the extent contributed to the Parent) to members of management,
directors or consultants of the Parent or any of its Subsidiaries, or any direct or indirect parent of the Parent that occurs after
the Effective Date other than proceeds of a Cure Amount; plus the Net Proceeds of key man life insurance policies received
by the Parent or any other direct or indirect parent of the Parent (in each case, to the extent contributed to the Parent) and
their Subsidiaries after the Effective Date; less the amount of any Restricted Payments previously made with the cash proceeds
described in clauses (i) and (ii) of this Section 7.06(d); (provided that cancellation of Indebtedness owing to the Parent or any
Restricted Subsidiary from members of management, directors, employees or consultants of the Parent, or any direct or indirect
parent company or Restricted Subsidiaries in connection with a repurchase of Equity Interests pursuant to this clause (d) of the
Parent or any direct or indirect parent company will not be deemed to constitute a Restricted Payment);

(e)       if
the Payment Conditions are satisfied, the Keane Group may make Restricted Payments to the equity holders of the Parent;

(f)       the
Parent and its Subsidiaries may declare and make dividend payments or other Restricted Payments payable (i) solely in Equity Interests
(other than Disqualified Stock not otherwise permitted by Section 7.03) of such Person, or (ii) with the proceeds of a substantially
concurrent sale of Equity Interests (other than Disqualified Stock) of the Parent or any direct or indirect parent thereof (to
the extent contributed to a Borrower);

(g)       the
Parent and its Restricted Subsidiaries may make repurchases of Equity Interests in the Parent or in any other direct or indirect
parent thereof or any Restricted Subsidiary of the Parent deemed to occur upon exercise of stock options or warrants if such Equity
Interests represent a portion of the exercise price of such options or warrants;

(h)       Restricted
Payments made with the proceeds of substantially concurrent Excluded Contributions;

(i)       the
distribution, as a dividend or otherwise, of shares of Equity Interests of, or Indebtedness owed to the Parent or a Restricted
Subsidiary of the Parent by, Unrestricted Subsidiaries or Excluded Property; and

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(j)       the
Parent and its Restricted Subsidiaries may pay customary and reasonable out of pocket fees, commissions, expenses and other amounts,
in each case, to the extent payable by the Parent under the Parent Stockholders' Agreement as in effect as of January 20, 2017.

7.07     Prepayments
of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner
any Indebtedness (other than the Obligations or Indebtedness between Loan Parties), or make any payment in violation of any subordination
terms of any Subordinated Indebtedness, except (a) payments in respect of the Obligations, (b) regularly scheduled or mandatory
repayments, repurchases, redemptions or defeasances of Permitted Indebtedness (other than Subordinated Indebtedness), (c) repayments
and prepayments of Subordinated Indebtedness in accordance with and subject to the subordination terms thereof, (d) voluntary prepayments,
repurchases, redemptions, defeasances or other satisfaction of Permitted Indebtedness as long as the Payment Conditions are satisfied,
(e) Permitted Refinancings of any Indebtedness, (f) the conversion of any Indebtedness to Equity Interests (other than Disqualified
Stock) of the Parent or any of its Subsidiaries or any other direct or indirect parent of a Borrower or the repayment of Indebtedness
with the proceeds of an issuance of Equity Interests (other than Disqualified Stock or Preferred Stock) of the Parent or any other
direct or indirect parent of the Lead Borrower, and (g) repayments and prepayments of Indebtedness incurred pursuant to clauses
(b), (c), (d), (e), (f), (j), (k), (n), (o), (p), (q), (v) (to the extent made by any Foreign Subsidiary), (s), or (w) of the definition
of Permitted Indebtedness.

7.08     Change
in Nature of Business. Engage in any material line of business other than a Similar Business.

7.09     Transactions
with Affiliates. Directly or indirectly:

(a)       Purchase,
acquire or lease any property from, or sell, transfer or lease any property to, any officer, shareholder, director or other Affiliate
of the Parent or any Restricted Subsidiary involving aggregate consideration in excess of $10,000,000 for a single transaction
or series of related transactions, except:

    (i)      on fair and reasonable terms that are not
materially less favorable to the Parent and its Restricted Subsidiaries, taken as a whole, as would be obtainable by the Parent
or its Restricted Subsidiaries with a Person other than an Affiliate at the time of such transaction (or, if earlier, at the time
such transaction is contractually agreed),

   (ii)      Permitted Dispositions and Permitted Investments;

   (iii)      transactions between or among the Parent
and its Restricted Subsidiaries or any Person that becomes a Restricted Subsidiary or is merged or consolidated with a Restricted
Subsidiary as a result of such transaction;

  (iv)      transactions for which the board of directors
has received a written opinion from an Independent Financial Advisor to the effect that the financial terms of such transaction
are fair, from a financial standpoint, to the Keane Group or not less favorable to the Keane Group than would reasonably be expected
to be obtained at the time in an arm’s-length transaction with a Person who was not an Affiliate;

   (v)      any agreement (other than
with Sponsor) as in effect as of the Effective Date and set forth on Schedule 7.09 or any amendment thereto (so long as
any such agreement together with all amendments thereto, taken as a whole, is not more disadvantageous to the Lenders in any material
respect than the original agreement as in effect on the Effective Date) or any transaction contemplated thereby;

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   (vi)     (i) the issuance of Equity Interests (other
than Disqualified Stock) of the Parent or any of its Subsidiaries to any director, officer, employee or consultant thereof, (ii)
the issuance or sale of the Equity Interests of the Parent and the granting of registration rights and other customary rights in
connection therewith or (iii) any contribution to the capital of the Parent or any Restricted Subsidiary, as applicable;

  (vii)     (x) transactions with Affiliates that are
customers, clients, suppliers or purchasers or sellers of goods or services, in each case in the ordinary course of business and
otherwise in compliance with the terms of this Agreement, which are fair to the Keane Group in the reasonable determination of
the board of directors or the senior management of the Parent, and are on terms at least as favorable as might reasonably have
been obtained at such time from an unaffiliated party and (y) transactions with joint ventures and Unrestricted Subsidiaries in
the ordinary course of business;

 (viii)     the existence of, or the performance by
the Keane Group of its obligations under the terms of any stockholders agreement (including any registration rights agreement or
purchase agreement related thereto) to which it is a party as of the Effective Date and any amendment thereto or similar agreements
which it may enter into thereafter; provided, however, that the existence of, or the performance by the Keane Group
of its obligations under any future amendment to any such existing agreement or under any similar agreement entered into after
the Effective Date shall only be permitted by this clause (xi) to the extent that the terms of any such existing agreement together
with all amendments thereto, taken as a whole, or new agreement are not otherwise more disadvantageous to the Lenders in any material
respect than the original agreement as in effect on the Effective Date;

   (ix)     transactions between the Loan Parties or
any of their Restricted Subsidiaries and any Person that is an Affiliate solely due to the fact that a director of such Person
is also a director of the Parent or any other direct or indirect parent of a Borrower; provided, however, that such
director abstains from voting as a director of such Loan Party or such direct or indirect parent of such Loan Party, as the case
may be, on any matter involving such other Person;

   (x)      transactions pursuant to Section 7.04 and
7.06;

   (xi)     pledges of Equity Interests of Unrestricted
Subsidiaries;

  (xii)     transactions entered into in good faith
which provide for shared employees, services and/or facilities arrangements and which provide cost savings and/or other operational
efficiencies;

 (xiii)      any purchases by the Parent’s Affiliates
of Indebtedness or Disqualified Stock of the Parent or any of its Restricted Subsidiaries the majority of which Indebtedness or
Disqualified Stock is purchased by Persons who are not the Parent’s Affiliates; provided that such purchases by the Parent’s
Affiliates are on the same terms as such purchases by such Persons who are not the Parent’s Affiliates;

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 (xiv)     transactions contractually agreed to between
an Unrestricted Subsidiary with an Affiliate prior to the day such Unrestricted Subsidiary is redesignated as a Restricted Subsidiary
and not entered into in contemplations thereof; and

  (xv)     transactions permitted by clause (b) below.

(b)       make
any payments (whether by dividend, loan or otherwise) to any officer, shareholder, director or other Affiliate of a Parent or any
Restricted Subsidiary in excess of $25,000,000 for a single payment or series of related payments, including, without limitation,
on account of management, consulting or other fees for management or similar services, or pay or reimburse expenses incurred by
any officer, shareholder, director or other Affiliate of the Parent or such Restricted Subsidiary, except:

    (i)     reasonable compensation to, and indemnity
provided on behalf of, current, former and future officers, employees and directors for services rendered to the Parent or such
Restricted Subsidiary in the ordinary course of business (including the issuances of securities or other payments, awards or grants
in cash, securities or otherwise pursuant to, or the funding of, employment arrangements, stock option and stock ownership plans
or similar employee benefit plans approved by the Board of Directors of any direct or indirect parent of the Parent or of a Restricted
Subsidiary, as appropriate, in good faith);

    (ii)    payments by the Parent or a Restricted Subsidiary
to Sponsor or an Affiliate of Sponsor for the reasonable out-of-pocket costs of actual and necessary reasonable out-of-pocket legal
and accounting, insurance, marketing financial and similar types of services paid for by Sponsor or such Affiliate on behalf of
the Parent or a Restricted Subsidiary;

   (iii)    any payments required to be made pursuant
to an agreement (other than with Sponsor) as in effect as of the Effective Date and listed on Schedule 7.09, or any amendment
thereto (so long as any such agreement together with all amendments thereto, taken as a whole, is not more disadvantageous to the
Lenders in any material respect than the original agreement as in effect on the Effective Date) or any transaction contemplated
thereby;

   (iv)    amounts payable pursuant to employment and
severance arrangements between the Keane Group and their respective current, former and future officers and employees in the ordinary
course of business and transactions pursuant to stock option plans and employee benefit plans and arrangements in the ordinary
course of business and payments or loans (or cancellation of loans) to employees or consultants in the ordinary course of business
which are approved by a majority of the Board of Directors of the Parent in good faith;

   (v)     payments by the Keane Group to the Sponsor
made for any financial advisory, financing, underwriting or placement services or in respect of other investment banking activities,
including, without limitation, in connection with acquisitions or divestitures, which payments are approved by a majority of the
Board of Directors of the Parent or any other direct or indirect parent of the Parent in good faith;

   (vi)    payments resulting from transactions for which
the board of directors has received a written opinion from an Independent Financial Advisor to the effect that the financial terms
of

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such transaction are fair, from a financial standpoint, to
the Keane Group or not less favorable to the Keane Group than would reasonably be expected to be obtained at the time in an arm’s-length
transaction with a Person who was not an Affiliate;

  (vii)    payments permitted pursuant to Section 7.02
and 7.06;

 (viii)    sales and purchase arrangements, joint
purchasing arrangements and other service agreements in the ordinary course of business between, on the one hand, the Parent and
its Restricted Subsidiaries and, on the other hand, any Person under common control with the Parent and its Subsidiaries, for the
sale and purchase, at cost, of inventory, equipment and supplies, and leases between such Persons and the Parent or any of its
Restricted Subsidiaries and are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated
party;

   (ix)    payments between or among the Parent and
its Restricted Subsidiaries; and

    (x)    payments pursuant to any agreement, arrangement or transaction permitted under clause (a)
above.

7.10     Burdensome
Agreements. Enter into or permit to exist any Contractual Obligation (other than this Agreement or any other Loan Document)
that (a) limits the ability (i) of any Restricted Subsidiary to make Restricted Payments or other distributions to any Loan Party
or to otherwise transfer property to or invest in a Loan Party, (ii) of any Loan Party to Guarantee the Obligations, (iii) of any
Restricted Subsidiary to make or repay loans to a Loan Party, or (iv) of the Loan Parties or any Restricted Subsidiary to create,
incur, assume or suffer to exist Liens on property of such Person in favor of the Collateral Agent; or (b) requires the grant of
a Lien to secure an obligation of such Person if a Lien is granted to secure another obligation of such Person, other than, in
each case, (i) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of such Loan
Party or any Restricted Subsidiary, (ii) customary restrictions on dispositions of real property interests found in reciprocal
easement agreements of such Loan Party or any Restricted Subsidiary, (iii) any provision in an agreement for a Disposition permitted
hereunder that limits the transfer of or the imposition of any Lien on the assets to be disposed of thereunder, (iv) any provision
in an agreement relating to Permitted Indebtedness described in clauses (a), (c) and (g) of the definition thereof that restricts
Liens on property financed by or securing such Indebtedness, (v) any other provision in any agreement relating to Permitted Indebtedness
that is no more restrictive or burdensome than the comparable provision in this Agreement (except that this proviso shall not apply
to contractual restrictions described in clause (a)(iv) or (b) above), (vi) any encumbrance or restriction contained in any agreement
of a Person acquired in a Permitted Investment, which encumbrance or restriction was in existence at the time of such Permitted
Investment (but not created in connection therewith or in contemplation thereof) and which encumbrance or restriction is not applicable
to any Person or the properties or assets of any Person, other than the Person or the property and assets of the Person so acquired,
(vii) customary provisions in joint venture agreements and other similar agreements applicable to joint ventures to the extent
such joint ventures are permitted hereunder, (viii) contractual obligations in existence on the Effective Date and the extension
or continuation thereof, provided that any such encumbrances or restrictions contained in such extension or continuation
are no less favorable to the Agents and Lenders than those encumbrances and restrictions under or pursuant to the contractual obligations
so extended or continued, (ix) [reserved], (x) the Existing Note Purchase Agreement as in effect on the Effective Date and Permitted
Refinancings thereof provided the encumbrances contained therein, taken as a whole, are no more restrictive than those set
forth in the Existing Note Purchase Agreement as in effect on the Effective Date, (xi) the Designated Senior Indebtedness (other
than the Existing NPA Debt) and Permitted Refinancings thereof provided the encumbrances contained therein, taken as a whole, are 

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no
more restrictive than those set forth in the Existing Note Purchase Agreement, (xii) represent Indebtedness of a Restricted Subsidiary
of the Parent which is not a Loan Party which is permitted by Section 7.03 to the extent applying only to such Restricted Subsidiary,
(xiii) are negative pledges and restrictions on Liens in favor of any holder of Indebtedness permitted under clauses (c), (g) and
(t) of the definition of Permitted Indebtedness but solely to the extent any negative pledge relates to the property financed by
such Indebtedness, (xiv) are restrictions on cash or other deposits imposed by customers under contracts entered into in the ordinary
course of business or (xv) arise in connection with cash or other deposits permitted under clauses (c), (d), (u), or (x) of the
definition of Permitted Encumbrances or clauses (a), (i) and (k) of the definition of Permitted Investments and in all instances
limited to such cash or deposit.

7.11     Use
of Proceeds. Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally
or ultimately, (a) to purchase or carry margin stock (within the meaning of Regulation U of the FRB) in violation of Regulation
U of the FRB or to extend credit to others for the purpose of purchasing or carrying margin stock in violation of Regulation U
of the FRB or to refund Indebtedness originally incurred for such purpose or (b) for any purposes other than (i) on the Effective
Date, to pay fees and expenses in connection therewith and (ii) following the Effective Date, for working capital purposes (including
the purchase of Inventory), general corporate purposes (including Permitted Acquisitions and other Investments) and any other purpose
not prohibited by the terms of this Agreement.

7.12     Amendment
of Material Documents. Amend, modify or waive any of a Loan Party’s rights under its Organization Documents in a manner
materially adverse to the Credit Parties; or (b) amend, modify or waive any document governing any Material Indebtedness (other
than on account of any Permitted Refinancing) to the extent that such amendment, modification or waiver would result in a Default
or Event of Default under any of the Loan Documents or would be reasonably likely to have a Material Adverse Effect.

7.13     Fiscal
Year/Quarter. Change the Fiscal Year or Fiscal Quarter of any Loan Party, or the accounting policies or reporting practices
of the Loan Parties, except as required by GAAP; provided, however, that the Loan Parties may, upon written notice to the Agent
from the Lead Borrower, change their Fiscal Quarter and Fiscal Year to any other quarterly accounting periods and fiscal year reasonably
acceptable to the Administrative Agent, in which case the Lead Borrower and the Administrative Agent will, and are hereby authorized
by the Lenders to, make any adjustments to this Agreement that are necessary to reflect such changes.

7.14     Consolidated
Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge Coverage Ratio as of the last day of any Measurement Period
to be lower than 1.00 to 1.00; provided that such Consolidated Fixed Charge Coverage Ratio will only be tested upon the
occurrence of a Covenant Trigger Event, as of the last day of the Measurement Period ending immediately prior to the date on which
such Covenant Trigger Event shall have occurred and shall continue to be tested as of the last day of each Measurement Period
thereafter until such Covenant Trigger Event is no longer continuing; provided further that the results of
operation and indebtedness of any Unrestricted Subsidiaries shall not be taken into account for purposes of compliance with this
Section 7.14.

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ARTICLE VIII

EVENTS OF DEFAULT AND REMEDIES

8.01     Events
of Default. The occurrence and continuance of any of the following (after giving effect to the giving of any notice or any
passage of time or both, if any, specified below with respect to such event or condition) shall constitute an Event of Default:

(a)       Non-Payment.
The Borrowers or any other Loan Party fails to pay when and as required to be paid herein, (i) any amount of principal of any Loan
or any L/C Obligation, or deposit any funds as Cash Collateral in respect of L/C Obligations, or (ii) any interest on any Loan
or other Obligation or fee due hereunder, or any other amount payable hereunder or under any other Loan Document, and such failure
under this clause (ii) continues for five (5) Business Days after the payment was due; or

(b)       Specific
Covenants. (i) Any Loan Party fails to perform or observe any term, covenant or agreement contained in any of Sections 6.02(b)
(if an Accelerated Borrowing Base Delivery Event exists), 6.03, 6.05(a), 6.07, 6.10, 6.11, or 6.12 or Article VII or (ii) if
no Accelerated Borrowing Base Delivery Event exists, any Loan Party fails to perform or observe any term, covenants of agreement
contained in Section 6.02(b) and such failure continues unremedied for three (3) consecutive Business Days; or

(c)       Other
Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in subsection (a) or (b)
above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after the
earlier of the date such Loan Party obtains knowledge of a breach of any such covenant or agreement or the Lead Borrower’s
receipt of notice from the Administrative Agent of any such breach; or

(d)       Representations
and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of any
Borrower or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith
(including, without limitation, any Borrowing Base Certificate) shall be incorrect or misleading in any material respect (or, if
already subject to qualification by materiality, in any respect) when made or deemed made; or

(e)       Cross-Default.
Any Loan Party (i) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand,
or otherwise) in respect of any Material Indebtedness (after giving effect to the expiration of any applicable grace periods),
or (ii) after the expiration of all grace periods relating thereto, fails to observe or perform any other agreement or condition
relating to any such Material Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto,
or any other event occurs (after giving effect to the expiration of any applicable grace periods), the effect of which default
or other event is to cause, or to permit the holder or holders of such Material Indebtedness or the beneficiary or beneficiaries
of any Guarantee thereof (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause,
with the giving of notice if required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased
or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior
to its stated maturity, or such Guarantee to become payable or cash collateral in respect thereof to be demanded; or (iii) there
occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract or such similar term used) resulting
from (A) any event of default under such Swap Contract as to which a Loan Party is the Defaulting Party (as defined in such Swap
Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which a Loan Party is
an Affected Party (as so defined or such similar term used) and, in either event, the Swap Termination Value owed by the Loan Party
as a result thereof is greater than $25,000,000; or

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(f)       Insolvency
Proceedings, Etc. Any Loan Party institutes or consents to the institution of any proceeding under any Debtor Relief Law, or
makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian,
conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or a proceeding
shall be commenced or a petition filed, without the application or consent of such Person, seeking or requesting the appointment
of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed and the appointment
continues undischarged, undismissed or unstayed for 60 calendar days or an order or decree approving or ordering any of the foregoing
shall be entered; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its
property is instituted without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order
for relief is entered in any such proceeding; or

(g)       Inability
to Pay Debts; Attachment. (i) Any Loan Party becomes unable or admits in writing its inability or fails generally to pay its
debts as they become due in the ordinary course of business, or (ii) any writ or warrant of attachment or execution or similar
process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or
fully bonded within 30 days after its issuance or levy; or

(h)       Judgments.
There is entered against any Loan Party (i) one or more final judgments or orders for the payment of money in an aggregate amount
(as to all such judgments and orders) exceeding $25,000,000 and such judgments or orders shall continue unsatisfied or unstayed
for a period of 30 consecutive days (to the extent not covered by independent third-party insurance as to which the insurer is
rated at least “A” by A.M. Best Company, has been notified of the potential claim and does not dispute coverage; it
being agreed that a “reservation of rights letter” or similar notice shall not in and of itself constitute a dispute
of coverage), or (ii) any one or more non-monetary judgments that have, or would reasonably be expected to have, individually or
in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon
such judgment or order, or (B) such judgment or order, by reason of a pending appeal or otherwise, shall not have been satisfied,
vacated, discharged, stayed or bonded for a period of 30 consecutive days; or

(i)       ERISA.
(i) An ERISA Event shall occur with respect to a Pension Plan or Multiemployer Plan which has resulted in or would reasonably be
expected to result in liability of any Loan Party under Title IV of ERISA to a Pension Plan, Multiemployer Plan or the PBGC which
would be reasonably likely to result in a Material Adverse Effect, or (ii) a Loan Party or any ERISA Affiliate fails to pay when
due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under
Section 4201 of ERISA under a Multiemployer Plan which would be reasonably likely to result in a Material Adverse Effect; or

(j)       Invalidity
of Loan Documents. (i) Any material provision of any Loan Document, at any time after its execution and delivery and for any
reason other than as expressly permitted hereunder or thereunder, ceases to be in full force and effect; or any Loan Party contests
in any manner the validity or enforceability of any material provision of any Loan Document; or any Loan Party denies that it has
any or further liability or obligation under any material provision of any Loan Document, or purports to revoke, terminate or rescind
any material provision 

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of any Loan Document or seeks to
avoid, limit or otherwise adversely affect any Lien purported to be created under any Security Document; or (ii) any Lien purported
to be created under any Security Document shall cease to be (other than pursuant to the terms thereof), or shall be asserted by
any Loan Party or any other Person not to be, a valid and perfected Lien on any Collateral (other than an immaterial portion of
the Collateral not of the type included in the Borrowing Base), with the priority required by the applicable Security Document;
or

(k)       Change
of Control. There occurs any Change of Control; or

(l)       Guaranty.
The termination or attempted termination of any Facility Guaranty except as expressly permitted hereunder or under any other Loan
Document.

8.02     Remedies
Upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent may, or, at the request of
the Required Lenders shall, take any or all of the following actions:

(a)       declare
the Commitments of each Lender to make Loans and any obligation of each L/C Issuer to make L/C Credit Extensions to be terminated,
whereupon such Commitments and obligation shall be terminated;

(b)       declare
the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable
hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice
of any kind, all of which are hereby expressly waived by the Loan Parties;

(c)       require
that the Loan Parties Cash Collateralize the L/C Obligations; and

(d)       whether
or not the maturity of the Obligations shall have been accelerated pursuant hereto, proceed to protect, enforce and exercise all
rights and remedies of the Credit Parties under this Agreement, any of the other Loan Documents or Law, including, but not limited
to, by suit in equity, action at law or other appropriate proceeding, whether for the specific performance of any covenant or agreement
contained in this Agreement and the other Loan Documents or any instrument pursuant to which the Obligations are evidenced, and,
if such amount shall have become due, by declaration or otherwise, proceed to enforce the payment thereof or any other legal or
equitable right of the Credit Parties;

provided, however, that upon the entry of an
order for relief (or similar order) with respect to any Loan Party or any Restricted Subsidiary thereof under any Debtor Relief
Laws, the obligation of each Lender to make Loans and any obligation of each L/C Issuer to make L/C Credit Extensions shall automatically
terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically
become due and payable, and the obligation of the Loan Parties to Cash Collateralize the L/C Obligations as aforesaid shall automatically
become effective, in each case without further act of the Administrative Agent or any Lender.

No remedy herein is intended to be exclusive
of any other remedy and each and every remedy shall be cumulative and shall be in addition to every other remedy given hereunder
or now or hereafter existing at law or in equity or by statute or any other provision of Law.

8.03     Application
of Funds. After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately
due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso
to Section 8.02), subject to the Intercreditor Agreement, any amounts received on account
of the Obligations shall be applied by the Administrative Agent in the following order;

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First, to payment of that
portion of the Obligations (excluding the Other Liabilities) constituting fees, indemnities, expenses and other amounts payable
under Section 10.04 (including fees, charges and disbursements of counsel to the Administrative Agent and the Collateral Agent
and amounts payable under Article III) payable to the Administrative Agent and the Collateral Agent, each in its capacity as such;

Second, to payment of that
portion of the Obligations (excluding the Other Liabilities) constituting indemnities, expenses and other amounts (other than principal,
interest and fees) payable to the Lenders and each L/C Issuer (including amounts payable under Section 10.04 to the respective
Lenders and each L/C Issuer and amounts payable under Article III), ratably among them in proportion to the amounts described in
this clause Second payable to them;

Third, to the extent not
previously reimbursed by the Lenders, to payment to the Agents of that portion of the Obligations constituting principal and accrued
and unpaid interest on any Permitted Overadvances;

Fourth, to the extent that
Swing Line Loans have not been refinanced by a Committed Loan, payment to the Swing Line Lender of that portion of the Obligations
constituting accrued and unpaid interest on the Swing Line Loans;

Fifth, to the extent that
Swing Line Loans have not been refinanced by a Committed Loan, to payment to the Swing Line Lender of that portion of the Obligations
constituting unpaid principal of the Swing Line Loans;

Sixth, to payment of that
portion of the Obligations constituting accrued and unpaid interest on the Loans, L/C Borrowings and other Obligations, and fees
(including Letter of Credit Fees), ratably among the Lenders and each L/C Issuer in proportion to the respective amounts described
in this clause Sixth payable to them;

Seventh, to payment of that
portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings and unpaid obligations under Reserved
Swap Contracts, ratably among the Lenders, each L/C Issuer and the Reserved Swap Contract providers in proportion to the respective
amounts described in this clause Seventh held by them;

Eighth, to the Administrative
Agent for the account of the applicable L/C Issuers, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate
undrawn amount of Letters of Credit;

Ninth, to payment of all
other Obligations (including without limitation the cash collateralization of unliquidated indemnification obligations as provided
in Section 10.04(b), but excluding any Other Liabilities), ratably among the Credit Parties in proportion to the respective amounts
described in this clause Ninth held by them;

Tenth, to payment of that
portion of the Obligations arising from Cash Management Services, ratably among the Credit Parties in proportion to the respective
amounts described in this clause Tenth held by them;

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Eleventh, to payment of
all other Obligations arising from Bank Products (including Swap Contracts), ratably among the Credit Parties in proportion to
the respective amounts described in this clause Eleventh held by them; and

Last, the balance, if any,
after all of the have been indefeasibly paid in full, to the Loan Parties or as otherwise required by Law.

Subject to Section 2.03(c), amounts used
to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Seventh above shall be applied
to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters
of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in
the order set forth above.

8.04     Cure
Rights.

(a)       Notwithstanding
anything to the contrary contained in this Article VIII, in the event that the Borrowers fail to comply with the requirements of
Section 7.14 with respect to any Measurement Period for which such covenant is required to be tested, until the expiration of the
10th day subsequent to the later of (x) the first day of the applicable Covenant Trigger Event or (y) the date the certificate
calculating the Consolidated Fixed Charge Coverage Ratio for such Measurement Period is required to be delivered pursuant to Section
6.01(b) (the “Cure Expiration Date”), the Parent shall have the right to issue Permitted Cure Securities for
cash or otherwise receive cash contributions (collectively, the “Cure Right”), and upon receipt by the Parent
of such cash in return for its Permitted Cure Securities, (the “Cure Amount”) pursuant to the exercise by the
Parent of such Cure Right, the Consolidated Fixed Charge Coverage Ratio under Section 7.14 shall be recalculated giving effect
to the following pro forma adjustments:

(i)       Consolidated
EBITDA of the last Fiscal Quarter of such Measurement Period shall be increased for such Measurement Period and  any subsequent
Measurement Period that contains such Fiscal Quarter, solely for the purpose of measuring the Consolidated Fixed Charge Coverage
Ratio under Section 7.14 and not for any other purpose under this Agreement, by an amount equal to the Cure Amount;

(ii)        if,
after giving effect to the foregoing pro forma adjustments, the Borrowers shall then be in compliance with Section 7.14, the Borrowers
shall be deemed to have satisfied the requirements of Section 7.14 as of the relevant date of determination with the same effect
as though there had been no failure to comply therewith at such date, and the applicable breach or default of Section 7.14 that
had occurred shall be deemed cured for purposes of this Agreement.

(b)       Notwithstanding
anything herein to the contrary, (i) in each twelve month period there shall be at least two Fiscal Quarters with respect to which
the Cure Right is not exercised, (ii) there shall be no more than five Cure Rights exercised during the term of this Agreement,
(iii) the Cure Amount shall be no greater than the amount required for purposes of complying with Section 7.14 and (iv) all Cure
Amounts shall be disregarded for purposes of determining any baskets or ratios with respect to the other covenants contained in
the Loan Documents.

(c)       Notwithstanding
anything to the contrary contained in Section 8.01 and Section 8.02, (A) upon receipt of the Cure Amount (and designation thereof)
by the Parent, the requirements of Section 7.14 shall be deemed satisfied and complied with as of the end of the relevant Fiscal
Quarter with the same effect as though there had been no failure to comply with the requirements of Section 7.14 and any Event
of Default under Section 7.14 (and any other Default as a result thereof) shall be deemed not to
have occurred for purposes of the

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 Loan Documents, and (B) neither the Administrative Agent nor any Lender may exercise any rights
or remedies under Section 8.02 (or under any other Loan Document) on the basis of any actual or purported Event of Default under
Section 7.14 (and any other Default as a result thereof) until and unless the Cure Expiration Date has occurred without the Cure
Amount having been contributed and designated; provided that during the period set forth in this clause (B), an Event of
Default shall nevertheless be deemed to have occurred and be continuing for all other purposes under the Loan Documents (including
restrictions on Borrowings).

ARTICLE IX

ADMINISTRATIVE AGENT

9.01     Appointment
and Authority.

(a)       Each
of the Lenders (in its capacities as a Lender), Swing Line Lender and each L/C Issuer hereby irrevocably appoints Bank of America
to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative
Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms
hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are
solely for the benefit of the Administrative Agent, the Lenders and each L/C Issuer, and no Loan Party or any Restricted Subsidiary
thereof shall have rights as a third party beneficiary of any of such provisions.

(b)       Each
of the Lenders (in its capacities as a Lender), Swing Line Lender and each L/C Issuer hereby irrevocably appoints Bank of America
as Collateral Agent and authorizes the Collateral Agent to act as the agent of such Lender, Swing Line Lender and L/C Issuer for
purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of
the Obligations, together with such powers and discretion as are reasonably incidental thereto. In this connection, the Collateral
Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Collateral Agent
pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under
the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Collateral Agent), shall be
entitled to the benefits of all provisions of this Article IX and Article X, as though such co-agents, sub-agents and attorneys-in-fact
were the “collateral agent” under the Loan Documents, as if set forth in full herein with respect thereto.

9.02     Rights
as a Lender. The Persons serving as the Agents hereunder shall have the same rights and powers in their capacity as a Lender
as any other Lender and may exercise the same as though they were not the Administrative Agent or the Collateral Agent and the
term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise
requires, include the Person serving as the Administrative Agent or the Collateral Agent hereunder in its individual capacity.
Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity
for and generally engage in any kind of business with the Loan Parties or any Restricted Subsidiary or other Affiliate thereof
as if such Person were not the Administrative Agent or the Collateral Agent hereunder and without any duty to account therefor
to the Lenders.

9.03     Exculpatory
Provisions. The Agents shall not have any duties or obligations except those expressly set forth herein and in the other Loan
Documents. Without limiting the generality of the foregoing, the Agents:

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(a)       shall
not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

(b)       shall
not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers
expressly contemplated hereby or by the other Loan Documents that the Administrative Agent or the Collateral Agent, as applicable,
is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall
be expressly provided for herein or in the other Loan Documents), provided that no Agent shall be required to take any action
that, in its respective opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to any Loan
Document or Law; and

(c)       shall
not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for
the failure to disclose, any information relating to the Loan Parties or any of its Affiliates that is communicated to or obtained
by the Person serving as the Administrative Agent, the Collateral Agent or any of its Affiliates in any capacity.

No Agent shall be liable for any action
taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of
the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as
provided in Sections 10.01 and 8.02) or (ii) in the absence of its own gross negligence or willful misconduct as determined by
a final and non-appealable judgment of a court of competent jurisdiction.

The Agents shall not be deemed to have
knowledge of any Default unless and until notice describing such Default is given to such Agent by the Loan Parties, a Lender or
an L/C Issuer. In the event that the Agents obtains such actual knowledge or receives such a notice, the Agents shall give prompt
notice thereof to each of the other Credit Parties. Upon the occurrence of an Event of Default, the Agents shall take such action
with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders. Unless and until the
Agents shall have received such direction, the Agents may (but shall not be obligated to) take such action, or refrain from taking
such action, with respect to any such Default or Event of Default as it shall deem advisable in the best interest of the Credit
Parties. In no event shall the Agents be required to comply with any such directions to the extent that any Agent believes that
its compliance with such directions would be unlawful.

The Agents shall not be responsible for
or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with 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 Default, (iv) the validity, enforceability, effectiveness or
genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or the creation, perfection
or priority of any Lien purported to be created by the Security Documents, (v) the value or the sufficiency of any Collateral,
or (vi) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly
required to be delivered to the Agents.

9.04     Reliance
by Agents. Each Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request,
certificate, consent, statement, instrument, document or other writing (including, but not limited to, any electronic message,
Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise
authenticated by the proper Person. Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, 

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and
shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan,
or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an L/C Issuer, the
Administrative Agent may presume that such condition is satisfactory to such Lender or an L/C Issuer unless the Administrative
Agent shall have received written notice to the contrary from such Lender or an L/C Issuer prior to the making of such Loan or
the issuance of such Letter of Credit. Each Agent may consult with legal counsel (who may be counsel for any Loan Party), independent
accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with
the advice of any such counsel, accountants or experts.

9.05     Delegation
of Duties. Each Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other
Loan Document by or through any one or more sub-agents appointed by such Agent. Each Agent and any such sub-agent may perform any
and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions
of this Article shall apply to any such sub-agent and to the Related Parties of the 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 activities
as such Agent.

9.06     Resignation
of Agents. Any Agent may at any time give written notice of its resignation to the Lenders, each L/C Issuer and the Lead Borrower.
Upon receipt of any such notice of resignation, the Required Lenders shall have the right, subject to the approval of the Lead
Borrower (as long as no Event of Default then exists), to appoint a successor, which shall be a bank with an office in the United
States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed
by the Required Lenders and shall have accepted such appointment within 60 days after the retiring Agent gives notice of its resignation,
then the retiring Agent may on behalf of the Lenders and each L/C Issuer with the approval of the Lead Borrower (as long as no
Event of Default then exists), appoint a successor Administrative Agent or Collateral Agent, as applicable, meeting the qualifications
set forth above; provided that if the Administrative Agent or the Collateral Agent shall notify the Lead Borrower and the
Lenders that no qualifying Person has accepted such appointment within 60 days after the retiring Agent gives notices of its resignation,
then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Agent shall be discharged
from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any Collateral held by
the Collateral Agent on behalf of the Lenders or each L/C Issuer under any of the Loan Documents, the retiring Collateral Agent
shall continue to hold such collateral security until such time as a successor Collateral Agent is appointed) and (2) all payments,
communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to
each Lender and each L/C Issuer directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided
for above in this Section. Upon the acceptance of a successor’s appointment as Administrative Agent or Collateral Agent,
as applicable, hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties
of the retiring (or retired) Agent, and the retiring Agent shall be discharged from all of its duties and obligations hereunder
or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by
the Borrowers to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed
between the Lead Borrower and such successor. After the retiring Agent’s resignation hereunder and under the other Loan Documents,
the provisions of this Article and Section 10.04 shall continue in effect for the benefit of such retiring Agent, its sub-agents
and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Agent
was acting as Administrative Agent or Collateral Agent hereunder.

9.07     Non-Reliance
on Administrative Agent and Other Lenders. Each Lender and each L/C Issuer acknowledges that it has, independently and without
reliance upon the Agents or any other

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Lender or any of their Related Parties and based on such
documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.
Each Lender and each L/C Issuer also acknowledges that it will, independently and without reliance upon the Agents or any other
Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate,
continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or
any related agreement or any document furnished hereunder or thereunder. Except as provided in Section 9.12, the Agents shall not
have any duty or responsibility to provide any Credit Party with any other credit or other information concerning the affairs,
financial condition or business of any Loan Party that may come into the possession of the Agents.

9.08     No
Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Bookrunners, Arrangers, Syndication Agents
or the Co-Documentation Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement
or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, Collateral Agent, a Lender
or an L/C Issuer hereunder.

9.09     Administrative
Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial
proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation
shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative
Agent shall have made any demand on the Loan Parties) shall be entitled and empowered, by intervention in such proceeding or otherwise

(a)       to
file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations
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, each L/C Issuer, the Administrative Agent and the other Credit Parties (including any claim
for the reasonable compensation, expenses, disbursements and advances of the Lenders, each L/C Issuer, the Administrative Agent,
such Credit Parties and their respective agents and counsel and all other amounts due the Lenders, each L/C Issuer, the Administrative
Agent and such Credit Parties under Sections 2.03(i), 2.03(j) and 2.03(k) as applicable, 2.09 and 10.04) allowed in such judicial
proceeding; and

(b)       to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby
authorized by each Lender and each L/C Issuer to make such payments to the Administrative Agent and, if the Administrative Agent
shall consent to the making of such payments directly to the Lenders and each L/C Issuer, to pay to the Administrative Agent 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 Sections 2.09 and 10.04.

Nothing contained herein shall be deemed
to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or L/C Issuer any plan
of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or L/C Issuer or
to authorize the Administrative Agent to vote in respect of the claim of any Lender or L/C Issuer in any such proceeding.

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9.10     Collateral
and Guaranty Matters. The Credit Parties irrevocably authorize and direct the Agents, and Agents shall:

(a)       release
any Lien on any property granted to or held by the Collateral Agent under any Loan Document (i) upon termination of the Aggregate
Commitments and payment in full of all Obligations (other than contingent indemnification obligations for which no claim has been
asserted) and the expiration or termination of all Letters of Credit (unless cash collateralized or supported by back-to-back letters
of credit reasonably satisfactory to the applicable L/C Issuers), (ii) at the time the property subject to such Lien is disposed
of or to be disposed of in connection with any disposition permitted hereunder or under any other Loan Document to a Person that
is not a Loan Party, or (iii) if approved, authorized or ratified in writing by the Applicable Lenders in accordance with Section
10.01;

(b)       to
the extent determined by the Agents in their discretion, subordinate any Lien on any property granted to or held by the Collateral
Agent under any Loan Document to the holder of any Lien on such property that is permitted by clause (h) of the definition of “Permitted
Encumbrances”;

(c)       release
any Guarantor from its obligations under the Facility Guaranty and each other applicable Loan Document if such Person ceases to
be a Restricted Subsidiary as a result of a transaction permitted hereunder (including its designation as an Unrestricted Subsidiary)
or becomes an Excluded Subsidiary; provided that no such release shall occur if such Guarantor continues to be a guarantor
in respect of the Designated Senior Indebtedness; and

(d)       release
any Borrower (other than the Lead Borrower) from its obligation if such Person ceases to be a wholly owned Subsidiary of the Lead
Borrower as a result of a transaction permitted hereunder (including its designation as an Unrestricted Subsidiary) so long as
(i), at the time of such release, no Event of Default shall exist, (ii) another Borrower shall become liable for the respective
portion of such Borrower’s obligations and (iii) after such Person joins this Agreement as a Borrower, no Event of Default
shall exist.

Upon request by any Agent at any time,
the Applicable Lenders will confirm in writing such Agent’s authority to release or subordinate its interest in particular
types or items of property, or to release any Guarantor from its obligations under the Facility Guaranty and each other Loan Document
pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Agents will, at the Loan Parties’ expense,
execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release
of such item of Collateral from the assignment and security interest granted under the Security Documents or to subordinate its
interest in such item, or to release such Guarantor from its obligations under the Facility Guaranty and each other applicable
Loan Document, in each case in accordance with the terms of the Loan Documents and this Section 9.10.

9.11     Notice
of Transfer. The Agents may deem and treat a Lender party to this Agreement as the owner of such Lender’s portion of
the Obligations for all purposes, unless and until, and except to the extent, an Assignment and Assumption shall have become effective
as set forth in Section 10.06.

9.12     Reports
and Financial Statements. By signing this Agreement, each Lender:

(a)       agrees
to furnish the Administrative Agent promptly upon the furnishing of any Bank Product or Cash Management Service and thereafter
at such frequency as the Administrative Agent may reasonably request with a summary of all Other Liabilities due or to become due
to such Lender. In connection with any distributions to be made hereunder, the Administrative Agent shall be entitled to assume that
no amounts are due to any Lender on account of Other Liabilities unless the Administrative Agent has received written notice thereof
from such Lender;

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(b)       is
deemed to have requested that the Administrative Agent furnish such Lender, promptly after they become available, copies of all
financial statements required to be delivered by the Lead Borrower hereunder and all Borrowing Base Certificates, commercial finance
examinations and appraisals of the Collateral received by the Agents (collectively, the “Reports”);

(c)       expressly
agrees and acknowledges that the Administrative Agent makes no representation or warranty as to the accuracy of the Reports, and
shall not be liable for any information contained in any Report;

(d)       expressly
agrees and acknowledges that the Reports are not comprehensive audits or examinations, that the Agents 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;

(e)       agrees
to keep all Reports confidential in accordance with the provisions of Section 10.07 hereof; and

(f)       without
limiting the generality of any other indemnification provision contained in this Agreement, agrees: (i) to hold the Agents and
any such other Lender 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 Borrowers, or the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, a Loan
or Loans; and (ii) to pay and protect, and indemnify, defend, and hold the Agents and any such other Lender preparing a Report
harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including attorney costs)
incurred by the Agents and any such other Lender preparing a Report as the direct or indirect result of any third parties who might
obtain all or part of any Report through the indemnifying Lender.

9.13     Agency
for Perfection. Each Lender hereby appoints each other Lender as agent for the purpose of perfecting Liens for the benefit
of the Agents and the Lenders, in assets which, in accordance with Article 9 of the UCC or any other Law of the United States can
be perfected only by possession or control. Should any Lender (other than the Agents) obtain possession or control of any such
Collateral, such Lender shall notify the Agents thereof, and, promptly upon the Collateral Agent’s request therefor shall
deliver such Collateral to the Collateral Agent or otherwise deal with such Collateral in accordance with the Collateral Agent’s
instructions.

9.14     Indemnification
of Agents. The Lenders shall indemnify the Agents, each L/C Issuer and any Related Party, as the case may be (to the extent
not reimbursed by the Loan Parties and without limiting the obligations of Loan Parties hereunder), ratably according to their
Applicable Percentages, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against
any Agent in any way relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted to
be taken by any Agent in connection therewith; provided, that no Lender shall be liable for any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Agent’s
gross negligence or willful misconduct as determined by a final and nonappealable
judgment of a court of competent jurisdiction.

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9.15     Relation
Among Lenders. The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or
(except as otherwise set forth herein in case of the Agents) authorized to act for, any other Lender.

9.16     Defaulting
Lender.

(a)       If
for any reason any Lender shall become a Defaulting Lender, then, in addition to the rights and remedies that may be available
to the other Credit Parties, the Loan Parties or any other party at law or in equity, and not at limitation thereof, (i) subject
to Section 10.01 only with respect to the increase or extension of such Lender’s Commitment, such Defaulting Lender’s
right to participate in the administration of, or decision-making rights related to, the Obligations, this Agreement or the other
Loan Documents shall be suspended during the pendency of such failure or refusal, (ii) a Defaulting Lender shall be deemed to have
assigned any and all payments due to it from the Loan Parties, whether on account of outstanding Loans, interest, fees or otherwise,
to the remaining non-Defaulting Lenders for application to, and reduction of, their proportionate shares of all outstanding Obligations
until, as a result of application of such assigned payments the Lenders’ respective Applicable Percentages of all outstanding
Obligations shall have returned to those in effect immediately prior to such delinquency and without giving effect to the nonpayment
causing such delinquency, and (iii) at the option of the Administrative Agent, any further amount payable to such Defaulting Lender
hereunder (whether on account of principal, interest, fees or otherwise) shall, in lieu of being distributed to such Defaulting
Lender, be retained by the Administrative Agent as cash collateral for future funding obligations of the Defaulting Lender in respect
of any Loan or existing or future participating interest in any Swing Line Loan or Letter of Credit. The Defaulting Lender’s
decision-making and participation rights and rights to payments as set forth in clauses (i) and (ii) hereinabove shall be restored
only upon the payment by the Defaulting Lender of its Applicable Percentage of any Obligations, any participation obligation, or
expenses as to which it is delinquent, together with interest thereon at the rate set forth in Section 2.08 hereof from the date
when originally due until the date upon which any such amounts are actually paid.

(b)       The
non-Defaulting Lenders shall also have the right, but not the obligation, in their respective, sole and absolute discretion, to
cause the termination and assignment, without any further action by the Defaulting Lender for no cash consideration (pro rata,
based on the respective Commitments of those Lenders electing to exercise such right), of the Defaulting Lender’s Commitment
to fund future Loans. Upon any such assignment of the Applicable Percentage of any Defaulting Lender, the Defaulting Lender’s
share in future Credit Extensions and its rights under the Loan Documents with respect thereto shall terminate on the date of assignment,
and the Defaulting Lender shall promptly execute all documents reasonably requested to surrender and transfer such interest, including,
if so requested, an Assignment and Assumption.

(c)       Each
Defaulting Lender shall indemnify the Administrative Agent and each non-Defaulting Lender from and against any and all loss, damage
or expenses, including but not limited to reasonable attorneys’ fees and funds advanced by the Administrative Agent or by
any non-Defaulting Lender, on account of a Defaulting Lender’s failure to timely fund its Applicable Percentage of a Loan
or to otherwise perform its obligations under the Loan Documents.

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(d)        If
any L/C Obligations exist at the time a Lender becomes a Defaulting Lender then:

(i)        all
or any part of such Defaulting Lender’s Applicable Percentage of such L/C Obligations shall be reallocated among the non-Defaulting
Lenders in accordance with their respective Applicable Percentages but only to the extent any non-Defaulting Lender’s outstanding
Loans plus such Lender’s Applicable Percentage of all L/C Obligations plus such Lender’s Applicable Percentage
of outstanding Swing Line Loans at such time does not exceed such non-Defaulting Lender’s Commitments;

(ii)        if
the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrowers shall within one Business
Day following written notice by the Administrative Agent, Cash Collateralize for the benefit of each L/C Issuer such Defaulting
Lender’s Applicable Percentage of the L/C Obligations (after giving effect to any partial reallocation pursuant to clause
(i) above) in accordance with the procedures set forth in Section 2.03(g) for so long as such L/C Obligations are outstanding;

(iii)        if
the Borrowers Cash Collateralize any portion of such Defaulting Lender’s Applicable Percentage of the L/C Obligations pursuant
to clause (ii) above, the Borrowers shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.03(i)
with respect to such Defaulting Lender’s Applicable Percentage of the L/C Obligations during the period such portion of the
L/C Obligations are Cash Collateralized;

(iv)       if
the non-Defaulting Lenders’ Applicable Percentage of the L/C Obligations are reallocated pursuant to clause (i) above, then
the fees payable to the Lenders pursuant to Section 2.03(i) and Section 2.09(a) shall be adjusted in accordance with such non-Defaulting
Lenders’ Applicable Percentages; and

(v)        if
all or any portion of such Defaulting Lender’s Applicable Percentage of the L/C Obligations are neither reallocated nor Cash
Collateralized pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of the applicable L/C Issuers
or any other Lender hereunder, all Letter of Credit Fees payable under Section 2.03(i) with respect to such Defaulting Lender’s
Applicable Percentage thereof shall be payable to the applicable L/C Issuers until and to the extent that such L/C Obligations
are reallocated and/or Cash Collateralized; and

(e)       So
long as a Lender is a Defaulting Lender, each L/C Issuer shall not be required to issue, amend or increase any Letter of Credit,
unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding Applicable Percentage of the
L/C Obligations will be one hundred percent (100%) covered by the Commitments of the non-Defaulting Lenders in accordance with
Section 9.16(d)(i) and/or cash collateral will be provided by the Borrowers in accordance with Section 2.03(g), and participating
interests in any newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner consistent
with Section 9.16(d)(i) (and such Defaulting Lender shall not participate therein).

(f)       In
the event that the Administrative Agent, the Lead Borrower and the applicable L/C Issuers each agrees that a Defaulting Lender
has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the Lenders’ Applicable Percentages
of the L/C Obligations 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 as the Administrative Agent shall determine may be necessary in order
for such Lender to hold such Loans in accordance with its Applicable Percentage.

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9.17     Withholding
Tax. To the extent required by applicable Laws, the Administrative Agent may withhold from any payment to any Lender an amount
equivalent to any applicable withholding Tax. Without limiting or expanding the provisions of Section 3.01, each Lender shall indemnify
and hold harmless the Administrative Agent against, and shall make payable in respect thereof within 10 days after demand therefor,
any and all Taxes and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of
any counsel for the Administrative Agent) incurred by or asserted against the Administrative Agent by the IRS or any other Governmental
Authority as a result of the failure of the Administrative Agent to properly withhold Tax from any amounts paid to or for the account
of such Lender for any reason (including, without limitation, because the appropriate form was not delivered or not properly executed,
or because such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from,
or reduction of withholding Tax ineffective). A certificate as to the amount of such payment or liability delivered to any Lender
by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to
set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan Document against
any amount due the Administrative Agent under this Section 9.17. The agreements in this Section 9.17 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. For the avoidance of doubt, the term “Lender”
shall, for purposes of this Section 9.17, include any L/C Issuer and any Swing Line Lender.

9.18     Intercreditor
Agreements. The Administrative Agent and Collateral Agent are hereby authorized to enter into the Intercreditor Agreement and
any other usual and customary intercreditor agreements to the extent contemplated by the terms hereof, and the parties hereto acknowledge
that each such intercreditor agreement is binding upon them. Each Lender (a) hereby agrees that it will be bound by and will take
no actions contrary to the provisions of the intercreditor agreements and (b) hereby authorizes and instructs the Administrative
Agent and Collateral Agent to enter into the Intercreditor Agreement and the usual and customary intercreditor agreements and to
subject the Liens on the Collateral securing the Obligations to the provisions thereof. In addition, but in conformance with the
terms hereof, each Lender hereby authorizes the Administrative Agent and the Collateral Agent to enter into (i) any amendments
to any intercreditor agreements, and (ii) any other intercreditor arrangements, in the case of clauses (i), and (ii) to the extent
required to give effect to the establishment of intercreditor rights and privileges as contemplated and required by Section 7.01
of this Agreement. Each Lender waives any conflict of interest, now contemplated or arising hereafter, in connection therewith
and agrees not to assert against any Agent or any of its affiliates any claims, causes of action, damages or liabilities of whatever
kind or nature relating thereto.

9.19     Disqualified
Institutions. The Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire
into, monitor or enforce, compliance with the provisions of this Agreement relating to Disqualified Institutions. Without limiting
the generality of the foregoing, the Administrative Agent shall not ‎(x) be obligated to ascertain, monitor or inquire as
to whether any Lender or Participant or prospective Lender or Participant is a Disqualified ‎Institution or (y) have any
liability with respect to or arising out of any assignment or participation of Loans, or disclosure of confidential information,
to any ‎Disqualified Institution.‎ Each Lender represents and warrants to the parties hereto that at the time it becomes
a Lender, it is not a Disqualified Institution.

ARTICLE X

MISCELLANEOUS

10.01   Amendments,
Etc. No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure
by any Loan Party therefrom, shall be effective unless in writing signed by the Administrative Agent (at
the direction of the Required Lenders) and the Required Lenders (or the Administrative Agent, with the consent of the Required
Lenders), and the Lead Borrower or the

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 applicable Loan Party, as the case may be, and each such waiver or consent shall be effective
only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment,
waiver or consent shall:

(a)       extend
or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02) without the written
consent of such Lender;

(b)       as
to any Lender, postpone any date fixed by this Agreement or any other Loan Document for any scheduled payment (including the Maturity
Date) of principal, interest, fees or other amounts due hereunder or under any of the other Loan Documents (but, for clarity, not
including any mandatory payment required by Section 2.05(e)) without the written consent of such Lender;

(c)       as
to any Lender, reduce the principal of, or the rate of interest specified herein, on any Loan or L/C Borrowing payable to such
Lender, or (subject to clause (v) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under
any other Loan Document to such Lender; provided, however, that only the consent of the Required Lenders of the relevant
Class shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the Borrowers to pay
interest or Letter of Credit Fees at the Default Rate;

(d)       as
to any Lender, change Section 2.13 or Section 8.03 in a manner that would alter the pro rata sharing of payments required thereby
without the written consent of such Lender adversely affected thereby, provided that this clause (d) shall not apply to
any extensions of maturity pursuant to Section 2.16;

(e)       change
any provision of this Section or the definition of “Required Lenders,” or any other provision hereof specifying the
number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or
grant any consent hereunder, without the written consent of each Lender.

(f)       except
for Permitted Dispositions or as provided in Section 9.10, release all or substantially all of the Collateral from the Liens of
the Security Documents or release all or substantially all of the value of the Guarantees without the written consent of each Lender;

(g)       change
the definition of the term “Borrowing Base” or any component definition thereof if as a result thereof the amounts
available to be borrowed by the Borrowers would be increased without the written consent of Lenders holding at least 662⁄3%
of the Total Outstandings and Aggregate Commitments, provided that the foregoing shall not limit the discretion of the Administrative
Agent to change, establish or eliminate any Reserves;

(h)       modify
the definition of “Permitted Overadvance” so as to increase the amount thereof or, except as otherwise provided in
such definition, the time period for a Permitted Overadvance without the written consent of each Lender;

(i)       except
as expressly permitted herein or in any other Loan Document, subordinate the Obligations hereunder or the Liens granted hereunder
or under the other Loan Documents, to any other Indebtedness or Lien, as the case may be without the written consent of each Lender;

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(j)       modify
the definition of (1) “Eligible Assignee” to the extent that such amendment increases the percentage of Loans permitted
to be held by a Sponsor Affiliated Lender, or (ii) “Sponsor Affiliated Lender,” in each case, without the written consent
of each Lender; and

(k)       amend
any provision hereof (including Section 10.06) in a manner that restricts a Lender’s ability to assign its right or obligations
without the consent of such Lender.

and, provided further, that (i) no amendment, waiver
or consent shall, unless in writing and signed by each L/C Issuer in addition to the Lenders required above, affect the rights
or duties of such L/C Issuer (including, without limitation, any increase in such L/C Issuer Sublimit of such L/C Issuer) under
this Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver
or consent shall, unless in writing and signed by the Swing Line Lender in addition to the Lenders required above, affect the rights
or duties of the Swing Line Lender under this Agreement; (iii) no amendment, waiver or consent shall, unless in writing and signed
by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent
under this Agreement or any other Loan Document; (iv) no amendment, waiver or consent shall, unless in writing and signed by the
Collateral Agent in addition to the Lenders required above, affect the rights or duties of the Collateral Agent under this Agreement
or any other Loan Document, (v) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed
only by the parties thereto and (vi) any waiver, amendment or modification of this Agreement that by its terms affects the rights
or duties under this Agreement of Lenders holding Loans or Commitments of a particular Class (but not the Lenders holding Loans
or Commitments of any other Class) may be effected by an agreement or agreements in writing entered into by the Borrowers and the
requisite percentage in interest of the affected Class of Lenders that would be required to consent thereto under this Section
if such Class of Lenders were the only Class of Lenders hereunder at the time.

Notwithstanding anything to the contrary
herein, (a) no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except
that the Commitment of such Lender may not be increased or extended without the consent of such Lender, and (b) the Lead Borrower
shall be permitted to appoint one or more Restricted Subsidiaries that are Domestic Subsidiaries as “Borrowers” hereunder,
in each case with the consent of, and pursuant to an amendment reasonably satisfactory to, the Administrative Agent which appropriately
incorporates such Borrowers into this Agreement and the other Loan Documents which amendment shall not require the consent of any
other Lender.

If any Lender does not consent (a “Non-Consenting
Lender”) to a proposed amendment, waiver, consent or release with respect to any Loan Document that requires the consent
of each Lender and that has been approved by the Required Lenders, the Lead Borrower may replace such Non-Consenting Lender with
respect to the Class of Loans or Commitments that is subject to the related consent, waiver or amendment in accordance with Section
10.13; provided that such amendment, waiver, consent or release can be effected as a result of the assignment contemplated
by such Section (together with all other such assignments required by the Lead Borrower to be made pursuant to this paragraph).

10.02   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 subsection (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, and all notices and other communications
expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

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(i)       if
to the Loan Parties, the Agents, any L/C Issuer or the Swing Line Lender, to the address, telecopier number, electronic mail address
or telephone number specified for such Person on Schedule 10.02; and

(ii)       if
to any other Lender, to the address, telecopier number, electronic mail address or telephone number specified 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 subsection (b) below, shall be effective as provided in such subsection (b).

(b)       Electronic
Communications. Notices and other communications to the Lenders and the L/C Issuers hereunder may be delivered or furnished
by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative
Agent, provided that the foregoing shall not apply to notices to any Lender or L/C Issuer pursuant to Article II if such
Lender or L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such
Article by electronic communication. The Administrative Agent or the Lead Borrower 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.

Unless the Administrative Agent otherwise
prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s
receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgment), provided that if such notice or other communication is not sent during
the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business
on the next Business Day for the recipient, 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.

(c)       The
Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW)
DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY
FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY
OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE
DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Agents or
any of their Related Parties (collectively, the “Agent Parties”) have any liability to any Loan Party, any Lender,
any L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract
or otherwise) arising out of the Loan Parties’ or the Administrative Agent’s

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 transmission of Borrower
Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined
by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful
misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to any
Loan Party, any Lender, any L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages
(as opposed to direct or actual damages).

(d)       Change
of Address, Etc. Each of the Loan Parties, the Agents, each L/C Issuer and the Swing Line Lender may change its address, telecopier
or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may
change its address, telecopier or telephone number for notices and other communications hereunder by notice to the Lead Borrower,
the Agents, each L/C Issuer and the Swing Line Lender. In addition, each Lender agrees to notify the Administrative Agent from
time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier
number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for
such Lender.

(e)       Reliance
by Agents, L/C Issuer and Lenders. The Agents, each L/C Issuer and the Lenders shall be entitled to rely and act upon any notices
(including telephonic Committed Loan Notices and Swing Line Loan Notices) purportedly given by or on behalf of the Loan Parties
even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other
form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof.
The Loan Parties shall indemnify the Agents, each L/C Issuer, each Lender and the Related Parties of each of them from all losses,
costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of
the Loan Parties. All telephonic notices to and other telephonic communications with the Agents may be recorded by the Agents,
and each of the parties hereto hereby consents to such recording.

10.03   No
Waiver; Cumulative Remedies. No failure by any Credit Party to exercise, and no delay by any such Person in exercising, any
right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any
right, remedy, power or privilege hereunder or under any other Loan Document preclude any other or further exercise thereof or
the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges provided herein and in
the other Loan Documents are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. Without
limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver
of any Default, regardless of whether any Credit Party may have had notice or knowledge of such Default at the time.

10.04   Expenses;
Indemnity; Damage Waiver.

(a)       Costs
and Expenses. The Borrowers shall pay (a) all reasonable and documented out-of-pocket expenses incurred by the Agents, the
Arrangers and their respective Affiliates in connection with this Agreement and the other Loan Documents, including without limitation
(i) the reasonable and documented fees, charges and disbursements of (A) outside counsel for the Agents and their Affiliates limited
to one law firm and any local counsel reasonably deemed necessary by the Agents, (B) outside consultants for the Agents, (C) appraisers,
(D) commercial finance examiners, and (E) all such out-of-pocket expenses incurred during any workout, restructuring or negotiations
in respect of the Obligations, (ii) in connection with (A) the syndication of the credit facilities provided for herein, (B) the
preparation, negotiation, administration, management, execution and delivery

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of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions thereof (whether or
not the transactions contemplated hereby or thereby shall be consummated), (C) the enforcement or protection of their rights in
connection with this Agreement or the Loan Documents or efforts to preserve, protect, collect, or enforce the Collateral or in
connection with any proceeding under any Debtor Relief Laws, or (D) any workout, restructuring or negotiations in respect of any
Obligations, and (b) with respect to each L/C Issuer and its Affiliates, all reasonable out-of-pocket expenses incurred in connection
with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder; and (c) all reasonable
and documented out-of-pocket expenses incurred by the Credit Parties who are not the Agents, an L/C Issuer or any Affiliate of
any of them, after the occurrence and during the continuance of an Event of Default, provided that such Credit Parties shall
be entitled to reimbursement for no more than one counsel representing all such Credit Parties (absent a conflict of interest in
which case the Credit Parties may engage and be reimbursed for additional counsel).

(b)       Indemnification
by the Loan Parties. The Loan Parties shall indemnify the Agents (and any sub-agent thereof), each Arranger, each other Credit
Party, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”)
against, and hold each Indemnitee harmless (on an after-Tax basis) from, any and all losses, claims, causes of action, damages,
liabilities, settlement payments, costs, and related expenses (including the fees, charges and disbursements of any counsel for
any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third party or by any Borrower or any other
Loan Party or any Affiliate or equityholder thereof arising out of, in connection with, or as a result of (i) the execution, enforcement,
syndication or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby,
the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions
contemplated hereby or thereby, or, in the case of the Agents (and any sub-agents thereof) and their Related Parties only, the
administration of this Agreement and the other Loan Documents, (ii) any Loan or Letter of Credit or the use or proposed use of
the proceeds therefrom (including any refusal by an L/C Issuer to honor a demand for payment under a Letter of Credit if the documents
presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged
presence or Release of Hazardous Materials at, on, under or from any property owned or operated, at any time, by any Loan Party
or any of its Restricted Subsidiaries, or any Environmental Liability related in any way to any Loan Party or any of its Restricted
Subsidiaries, (iv) any claims of, or amounts paid by any Credit Party to, a Blocked Account Bank or other Person which has entered
into a control agreement with any Credit Party hereunder, or (v) any actual or prospective claim, litigation, investigation or
proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party
or by any Borrower or any other Loan Party or any of the Loan Parties’ directors, shareholders or creditors, and regardless
of whether any Indemnitee is a party thereto, in all cases, whether or not caused by or arising, in whole or in part, out of the
comparative, contributory or sole negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee,
be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of
competent jurisdiction by final and nonappealable judgment to have resulted from the bad faith, gross negligence, willful misconduct
or material breach of the obligations under any Loan Document of such Indemnitee (but without limiting the obligations of the Loan
Parties as to any other Indemnitee) or (y) result from a claim brought by a Borrower or any other Loan Party against an Indemnitee
for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrowers or
such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent

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jurisdiction or (z) result from a cause of action brought by an Indemnitee against any other Indemnitee (other than
(i) claims against an Indemnitee in its capacity or fulfilling its role as an Agent, L/C Issuer, Swing Line Lender or an arranger
or a similar role and (ii) claims resulting directly or indirectly from acts or omissions of any Loan Party; provided that,
the Loan Parties’ obligation with respect to fees and expenses of counsel, shall be limited to the reasonable and reasonably
documented fees, disbursements and other charges of out-of-pocket fees and legal expenses of one firm of counsel for all Indemnitees
and, if necessary, one firm of local counsel in each appropriate jurisdiction and one firm of special counsel, in each case for
all Indemnitees (and, in the case of an actual or perceived conflict of interest where the Indemnitee affected by such conflict
informs the Lead Borrower of such conflict and thereafter, retains its own counsel, of another firm of counsel for such affected
Indemnitee)).

(c)       Waiver
of Consequential Damages, Etc. To the fullest extent permitted by Law, the Loan Parties shall not assert, and hereby waive,
any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed
to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or
any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit
or the use of the proceeds thereof; provided that the foregoing shall not limit any Loan Party’s indemnity obligations
to the extent special, indirect, consequential or punitive damages are included in any third party claim in connection with which
such Indemnitee is entitled to receive indemnification hereunder. No Indemnitee shall be liable for any damages arising from the
use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee
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 other than for direct or actual damages resulting from the gross
negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent
jurisdiction.

(d)       Payments.
All amounts due under this Section shall be payable on demand (accompanied by back-up documentation to the extent available).

(e)       Survival.
The agreements in this Section shall survive the resignation of any Agent or L/C Issuer, the assignment of any Commitment or Loan
by any Lender, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge
of all the other Obligations.

10.05   Payments
Set Aside. To the extent that any payment by or on behalf of the Loan Parties is made to any Credit Party, or any Credit Party
exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Credit
Party in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor
Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied
shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and
(b) each Lender and each L/C Issuer severally agrees to pay to the Agents upon demand its Applicable Percentage (without duplication)
of any amount so recovered from or repaid by the Agents, plus interest thereon from the date of such demand to the date
such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders
and each L/C Issuer under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination
of this Agreement.

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10.06   Successors
and Assigns.

(a)       Successors
and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns permitted hereby, except that no Loan Party may assign or otherwise transfer any of
its rights or obligations hereunder or under any other Loan Document without the prior written consent of the Administrative Agent
and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible
Assignee in accordance with the provisions of Section 10.06(b), (ii) by way of participation in accordance with the provisions
of subsection Section 10.06(d), or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section
10.06(f) (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement,
expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors
and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly
contemplated hereby, the Related Parties of each of the Credit Parties) any legal or equitable right, remedy or claim under or
by reason of this Agreement.

(b)       Assignments
by Lenders. Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations
under this Agreement (including all or a portion of its Commitment(s) and the Loans (including for purposes of this Section 10.06(b),
participations in L/C Obligations and in Swing Line Loans) at the time owing to it); provided that any such assignment shall
be subject to the following conditions:

(i)       Minimum
Amounts.

(A)       in
the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing
to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, no
minimum amount need be assigned; and

(B)       in
any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose
includes Loans of any Class outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance
of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with
respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment
and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as
no Event of Default pursuant to Sections 8.01(a), (f) or (g) has occurred and is continuing, the Lead Borrower otherwise consents
(each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent assignments to
members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible Assignee (or to
an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether
such minimum amount has been met;

(ii)       Proportionate
Amounts. 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 Loans or the Commitment assigned, except that this clause (ii)
shall not apply to the Swing Line Lender’s rights and obligations in respect of Swing Line Loans;

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(iii)       Required
Consents. No consent shall be required for any assignment except to the extent required by subsection (b)(i)(B) of this Section
and, in addition:

(A)       the
consent of the Lead Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event of
Default pursuant to Sections 8.01(a), (f) or (g) has occurred and is continuing at the time of such assignment or (2) such assignment
is to a Lender, an Affiliate of a Lender or an Approved Fund with respect to such Lender;

(B)       the
consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments
in respect of any Commitment if such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved
Fund with respect to such Lender; and

(C)       the
consent of each L/C Issuer and the Swing Line Lender (such consent not to be unreasonably withheld or delayed) shall be required
for assignments in respect of any Commitment if such assignment is to a Person that is not a Lender, an Affiliate of such Lender
or an Approved Fund with respect to such Lender; and

(iv)       Assignment
and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption,
together with a processing and recordation fee of $3,500, payable by the applicable Lender or prospective Lender, provided,
however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in
the case of any assignment. The assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative
Questionnaire.

Subject to acceptance and recording thereof by the Administrative
Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption,
the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment
and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to
the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and,
in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement,
such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04, and 10.04
with respect to facts and circumstances occurring prior to the effective date of such assignment. Upon request, the Borrowers (at
their expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations
under this Agreement that does not comply with this subsection 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 10.06(d).

(c)       Register.
The Administrative Agent, acting solely for this purpose as an agent of the Borrowers, shall maintain at the Administrative Agent’s
Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of
the Lenders, and the Commitments of, and principal and interest amounts of the Loans and L/C Obligations owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive,
absent manifest error, and the Loan Parties, the Administrative Agent and the Lenders shall treat each Person whose name is recorded
in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to
the contrary. The Register shall be available for inspection by the Lead Borrower, any L/C Issuer, and, with respect to such Lender’s
interest only, any Lender at any reasonable time and from time to time upon reasonable prior notice.

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(d)       Participations.
Any Lender may at any time, without the consent of, or notice to, the Loan Parties or the Administrative Agent, any L/C Issuer
or the Swing Line Lender, sell participations to any Person that is an Eligible Assignee (each, a “Participant”)
in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment
and/or the Loans (including such Lender’s participations in L/C Obligations and/or Swing Line Loans) owing to it); provided
that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible
to the other parties hereto for the performance of such obligations and (iii) the Loan Parties, the Agents, the Lenders and each
L/C Issuer shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations
under this Agreement. Any Participant shall agree in writing to comply with all confidentiality obligations set forth in Section
10.07 as if such Participant was a Lender hereunder.

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, waiver or other
modification described in clauses (a), (b), (c) or (f) of the first proviso to Section 10.01 that affects such Participant. Subject
to subsection (e) of this Section, the Loan Parties agree that each Participant shall be entitled to the benefits of Sections 3.01,
3.04 and 3.05 (subject to the requirements and limitations of such Sections and Section 3.06 and 10.13, and it being understood
that the documentation required under Section 3.01(e) shall be delivered solely to the participating Lender) to the same extent
as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.06(b). To the extent permitted by law,
each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant
agrees to be subject to Section 2.13 as though it were a Lender. If a Lender sells a participation pursuant to Section 10.06(d),
that Lender shall (acting solely for this purpose as a non-fiduciary agent of the Borrowers) maintain a register on which is entered
the name and address of each Participant and the principal and interest amounts of each Participant’s interest in the Loans
or other obligations under this Agreement (the “Participant Register”). The entries in the Participant Register
shall be conclusive absent manifest error, and the Borrowers 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; provided that no Lender shall have the obligation to disclose all or a portion of a Participant Register (including
the identity of any Participant or any information relating to a Participant’s interest in any loans or other obligations
under any Loan Document) to any Person except to the extent that such disclosure is necessary in connection with a Tax audit or
other proceeding to establish that any loans are in registered form for U.S. federal income tax purposes.

(e)       Limitations
upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than
the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, except to
the extent that a Participant’s right to a greater payment results from a Change in Law after the Participant becomes a Participant.

(f)       Certain
Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement
(including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations
to a Federal Reserve Bank or other central bank having jurisdiction over such Lender; provided that no such pledge or assignment
shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a
party hereto.

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(g)       Electronic
Execution of Assignments. The words “execution,” “execute”, “signed,” “signature,”
and words of like import in or related to any document to be signed in connection with this Agreement and the transactions contemplated
hereby (including without limitation Assignment and Assumptions, amendments or other Committed Loan Notices, Swing Line Loan Notices,
waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract
formations on electronic platforms approved by the Administrative Agent, 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; provided that notwithstanding anything contained herein to
the contrary the Administrative Agent is under no obligation to agree to accept electronic signatures in any form or in any format
unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it.

(h)       Resignation
as L/C Issuer or Swing Line Lender after Assignment or Resignation. Notwithstanding anything to the contrary contained herein,
if at any time Bank of America assigns all of its Commitment and Loans pursuant to subsection (b) above, or resigns as Agent in
accordance with the provisions of Section 9.06, Bank of America may, (i) upon 30 days’ notice to the Lead Borrower and the
Lenders, resign as L/C Issuer and/or (ii) with duplication of any notice required under Section 9.06, upon 30 days’ notice
to the Lead Borrower, resign as Swing Line Lender. In the event of any such resignation as L/C Issuer or Swing Line Lender, the
Lead Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender hereunder; provided,
however, that no failure by the Lead Borrower to appoint any such successor shall affect the resignation of Bank of America
as L/C Issuer or Swing Line Lender, as the case may be. If Bank of America resigns as L/C Issuer, it shall retain all the rights,
powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective
date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders
to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). Upon the appointment
of a successor L/C Issuer and/or Swing Line Lender, (a) such successor shall succeed to and become vested with all of the rights,
powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the case may be, and (b) the successor L/C Issuer
shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or
make other arrangements satisfactory to Bank of America and the Lead Borrower to effectively assume the obligations of Bank of
America with respect to such Letters of Credit. Any resignation by Bank of America as Administrative Agent pursuant to this Section
shall also constitute its resignation as L/C Issuer and Swing Line Lender.

10.07   Treatment
of Certain Information; Confidentiality. Each of the Credit Parties agrees to maintain the confidentiality of the Information
(as defined below), except that Information may be disclosed (a) to its Affiliates, Approved Funds, and to its and its Affiliates’
and Approved Funds’ respective partners, directors, officers, employees, agents, funding sources, attorneys, advisors and
representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature
of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority
purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance
Commissioners), (c) to the extent required by Laws or regulations or by any subpoena or similar legal process, (d) to any other
party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding
relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing

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 provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee
of or Participant in, any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or
its advisors) to any swap or derivative transaction relating to any Loan Party and its obligations, (g) with the consent of the
Lead Borrower, (h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section
or (y) becomes available to any Credit Party or any of their respective Affiliates on a non-confidential basis from a source other
than the Loan Parties (only if such Credit Party has no knowledge that such source itself is not in breach of a confidentiality
obligation) or (i) on a confidential basis to (i) any rating agency in connection with rating the Parent or its Subsidiaries or
the credit facilities provided hereunder or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance
and monitoring of CUSIP numbers of other market identifiers with respect to the credit facilities provided hereunder.

For purposes of this Section, “Information”
means all information received from the Loan Parties or any Subsidiary thereof relating to the Loan Parties or any Subsidiary thereof
or their respective businesses, other than any such information that is available to any Credit Party on a non-confidential basis
prior to disclosure by the Loan Parties or any Subsidiary thereof (provided that if such information is furnished by a source
known to such Credit Party to be subject to a confidentiality obligation, such source, to the knowledge of such Credit Party, is
not in violation of such Obligation by such disclosure), provided that, in the case of information received from any Loan
Party or any Subsidiary after the Effective Date, such information is clearly identified at the time of delivery as confidential.
Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information
as such Person would accord to its own confidential information.

Each of the Credit Parties acknowledges
that (a) the Information may include material non-public information concerning the Loan Parties or a Subsidiary, as the case may
be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such
material non-public information in accordance with Law, including Federal and state securities Laws.

10.08   Right
of Setoff. If an Event of Default shall have occurred and be continuing or if any Lender shall have been served with a trustee
process or similar attachment relating to property of a Loan Party, each Lender, each L/C Issuer and each of their respective Affiliates
is hereby authorized at any time and from time to time, to the fullest extent permitted by Law, to set off and apply any and all
deposits (general or special, time or demand, provisional or final, in whatever currency) or other property at any time held and
other obligations (in whatever currency) at any time owing by such Lender, such L/C Issuer or any such Affiliate to or for the
credit or the account of the Borrowers or any other Loan Party against any and all of the Obligations now or hereafter existing
under this Agreement or any other Loan Document to such Lender or L/C Issuer, regardless of the adequacy of the Collateral, and
irrespective of whether or not such Lender or L/C Issuer shall have made any demand under this Agreement or any other Loan Document
and although such obligations of the Borrowers or such Loan Party may be contingent or unmatured or are owed to a branch or office
of such Lender or L/C Issuer different from the branch or office holding such deposit or obligated on such indebtedness. The rights
of each Lender, each L/C Issuer and their respective Affiliates under this Section are in addition to other rights and remedies
(including other rights of setoff) that such Lender, each L/C Issuer or their respective Affiliates may have. Each Lender and each
L/C Issuer agrees to notify the Lead Borrower and the Administrative Agent promptly after any such setoff and application, provided
that the failure to give such notice shall not affect the validity of such setoff and application.

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10.09   Interest
Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be
paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by Law (the “Maximum
Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate,
the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrowers.
In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum
Rate, such Person may, to the extent permitted by Law, (a) characterize any payment that is not principal as an expense, fee, or
premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and
spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

10.10   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, but all of which when taken together shall constitute a single contract. This Agreement
and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede
any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided
in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the
Administrative Agent 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 telecopy, pdf or other electronic
transmission shall be as effective as delivery of a manually executed counterpart of this Agreement.

10.11   Survival.
All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or
thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations
and warranties have been or will be relied upon by the Credit Parties, regardless of any investigation made by any Credit Party
or on their behalf and notwithstanding that any Credit Party may have had notice or knowledge of any Default at the time of any
Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder (other than
contingent indemnity obligations for which claims have not been made) shall remain unpaid or unsatisfied or any Letter of Credit
shall remain outstanding. Further, the provisions of Sections 3.01, 3.04, 3.05 and 10.04 and Article IX shall survive and remain
in full force and effect regardless of the repayment of the Obligations, the expiration or termination of the Letters of Credit
and the Commitments or the termination of this Agreement or any provision hereof. In connection with the termination of this Agreement
and the release and termination of the security interests in the Collateral, the Agents may require such indemnities and collateral
security as they shall reasonably deem necessary or appropriate to protect the Credit Parties against (x) loss on account of credits
previously applied to the Obligations that may subsequently be reversed or revoked, (y) any obligations that may thereafter arise
with respect to the Other Liabilities, and (z) any Obligations that may thereafter arise under Section 10.04 hereof.

10.12   Severability.
If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality,
validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or
impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable
provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.

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10.13   Replacement
of Lenders. If any Lender requests compensation under Section 3.04, or if the Borrowers are required to pay any additional
amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender is
a Defaulting Lender or a Non-Consenting Lender, then the Borrowers may, at their sole expense and effort, upon notice to such Lender
and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in, and consents required by, Section 10.06), all of its interests, rights and obligations under this Agreement
and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender
accepts such assignment), provided that:

(a)       such
Lender shall have received payment of an amount equal to the outstanding principal of its Loans and L/C Advances, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under
Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrowers (in
the case of all other amounts);

(b)       in
the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be made pursuant
to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; and

(c)       such
assignment does not conflict with applicable law.

A Lender shall not be required to make
any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling
the Borrowers to require such assignment and delegation cease to apply.

In connection with any such replacement,
if any such Lender does not execute and deliver to the Administrative Agent a duly executed Assignment and Assumption reflecting
such replacement within two (2) Business Days of the date on which the assignee Lender executes and delivers such Assignment and
Assumption to such Lender, then such Lender shall be deemed to have executed and delivered such Assignment and Assumption without
any action on the part of such Lender. Such purchase and sale shall be effective on the date of the payment of such amount to such
Lender.

10.14   Governing
Law; Jurisdiction; Etc. 

(a)       GOVERNING
LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD
TO CONFLICTS OF LAWS PRINCIPLES THEREOF.

(b)       SUBMISSION
TO JURISDICTION. EACH LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION
OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT
OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE LOAN PARTIES HERETO IRREVOCABLY
AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW
YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY LAW, IN SUCH FEDERAL COURT. EACH OF THE 

    	- 148 -

     

    

LOAN PARTIES HERETO AGREES THAT A FINAL JUDGMENT
IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN
ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY
CREDIT PARTY MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

(c)       WAIVER
OF VENUE. EACH LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION THAT
IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR
ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE LOAN PARTIES HERETO HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING
IN ANY SUCH COURT.

(d)       SERVICE
OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02.
NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.

(e)       ACTIONS
COMMENCED BY LOAN PARTIES. EACH LOAN PARTY AGREES THAT ANY ACTION COMMENCED BY ANY LOAN PARTY ASSERTING ANY CLAIM OR COUNTERCLAIM
ARISING UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL BE BROUGHT SOLELY IN A COURT OF THE STATE OF
NEW YORK SITTING IN NEW YORK COUNTY OR THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AS THE ADMINISTRATIVE
AGENT MAY ELECT IN ITS SOLE DISCRETION AND CONSENTS TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS WITH RESPECT TO ANY SUCH ACTION.

10.15     Waiver
of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT IT MAY HAVE TO
A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER
PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION.

10.16   No
Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby, the Loan Parties
each acknowledge and agree that: (i) the credit facility provided for hereunder and any related arranging or other services in
connection therewith (including in connection with any amendment, waiver or 

    	- 149 -

     

    

other modification hereof or of any other Loan Document)
are an arm’s-length commercial transaction between the
Loan Parties, on the one hand, and the Credit Parties, on the other hand, and each of the Loan Parties is capable of evaluating
and understanding and understands and accepts the terms, risks and conditions of the transactions contemplated hereby and by the
other Loan Documents (including any amendment, waiver or other modification hereof or thereof); (ii) in connection with the process
leading to such transaction, each Credit Party is and has been acting solely as a principal and is not the financial advisor, agent
or fiduciary, for the Loan Parties or any of their respective Affiliates, stockholders, creditors or employees or any other Person;
(iii) none of the Credit Parties has assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Loan
Parties with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to any
amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether any of the Credit Parties
has advised or is currently advising any Loan Party or any of its Affiliates on other matters) and none of the Credit Parties has
any obligation to any Loan Party or any of its Affiliates with respect to the transactions contemplated hereby except those obligations
expressly set forth herein and in the other Loan Documents; (iv) the Credit Parties and their respective Affiliates may be engaged
in a broad range of transactions that involve interests that differ from those of the Loan Parties and their respective Affiliates,
and none of the Credit Parties has any obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary
relationship; and (v) the Credit Parties have not provided and will not provide any legal, accounting, regulatory or tax advice
with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification hereof or of
any other Loan Document) and each of the Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the
extent it has deemed appropriate. Each of the Loan Parties hereby waives and releases, to the fullest extent permitted by law,
any claims that it may have against each of the Credit Parties with respect to any breach or alleged breach of agency or fiduciary
duty.

10.17   USA
Patriot Act. Each Lender and the Administrative Agent (for itself and not on behalf of any Lender), which are subject to the
Patriot Act (as hereinafter defined) hereby notifies the Loan Parties that pursuant to the requirements of the USA PATRIOT Act
(Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain,
verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party
and other information that will allow such Lender or the Administrative Agent, as applicable, to identify each Loan Party in accordance
with the Patriot Act.

10.18   Time
of the Essence. Time is of the essence of the Loan Documents.

10.19   Press
Releases.

(a)       Each
Credit Party executing this Agreement agrees that neither it nor its Affiliates will in the future issue any press releases or
other public disclosure using the name of Administrative Agent or its Affiliates or referring to this Agreement or the other Loan
Documents without at least two (2) Business Days’ prior notice to Administrative Agent and without the prior written consent
of Administrative Agent unless (and only to the extent that) such Credit Party or Affiliate is required to do so under Law and
then, in any event, such Credit Party or Affiliate will consult with Administrative Agent before issuing such press release or
other public disclosure.

(b)       Each
Loan Party consents to the publication by Administrative Agent or any Lender of advertising material relating to the financing
transactions contemplated by this Agreement using any Loan Party’s name, product photographs, logo or trademark upon the
Lead Borrower’s approval, not to be unreasonably delayed or withheld. Administrative Agent or such Lender shall provide a
draft reasonably in advance of any advertising material to the Lead Borrower for review and comment prior to the publication thereof.
The Administrative Agent reserves the right to provide to industry trade organizations
information necessary and customary for inclusion in league table measurements.

    	- 150 -

     

    

10.20   Additional
Waivers.

(a)       The
Obligations are the joint and several obligation of each Loan Party. To the fullest extent permitted by Law, the obligations of
each Loan Party shall not be affected by (i) the failure of any Credit Party to assert any claim or demand or to enforce or exercise
any right or remedy against any other Loan Party under the provisions of this Agreement, any other Loan Document or otherwise,
(ii) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, this Agreement
or any other Loan Document, or (iii) the failure to perfect any security interest in, or the release of, any of the Collateral
or other security held by or on behalf of the Collateral Agent or any other Credit Party.

(b)       The
obligations of each Loan Party shall not be subject to any reduction, limitation, impairment or termination for any reason (other
than the indefeasible payment in full in cash of the Obligations after the termination of the Commitments), including any claim
of waiver, release, surrender, alteration or compromise of any of the Obligations, and shall not be subject to any defense or setoff,
counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of any of the Obligations
or otherwise. Without limiting the generality of the foregoing, the obligations of each Loan Party hereunder shall not be discharged
or impaired or otherwise affected by the failure of any Agent or any other Credit Party to assert any claim or demand or to enforce
any remedy under this Agreement, any other Loan Document or any other agreement, by any waiver or modification of any provision
of any thereof, any default, failure or delay, willful or otherwise, in the performance of any of the Obligations, or by any other
act or omission that may or might in any manner or to any extent vary the risk of any Loan Party or that would otherwise operate
as a discharge of any Loan Party as a matter of law or equity (other than the indefeasible payment in full in cash of all the Obligations
after the termination of the Commitments).

(c)       To
the fullest extent permitted by Law, each Loan Party waives any defense based on or arising out of any defense of any other Loan
Party or the unenforceability of the Obligations or any part thereof from any cause, or the cessation from any cause of the liability
of any other Loan Party, other than the indefeasible payment in full in cash of all the Obligations and the termination of the
Commitments. The Collateral Agent and the other Credit Parties may, at their election, foreclose on any security held by one or
more of them by one or more judicial or non-judicial sales, accept an assignment of any such security in lieu of foreclosure, compromise
or adjust any part of the Obligations, make any other accommodation with any other Loan Party, or exercise any other right or remedy
available to them against any other Loan Party, without affecting or impairing in any way the liability of any Loan Party hereunder
except to the extent that all the Obligations have been indefeasibly paid in full in cash and the Commitments have been terminated.
Each Loan Party waives any defense arising out of any such election even though such election operates, pursuant to Law, to impair
or to extinguish any right of reimbursement or subrogation or other right or remedy of such Loan Party against any other Loan Party,
as the case may be, or any security.

(d)       Each
Loan Party is obligated to repay the Obligations as joint and several obligors under this Agreement. Upon payment by any Loan Party
of any Obligations, all rights of such Loan Party against any other Loan Party arising as a result thereof by way of right of subrogation,
contribution, reimbursement, indemnity or otherwise shall in all respects be subordinate and junior in right of payment to the
prior indefeasible payment in full in cash of all

    	- 151 -

     

    

the Obligations and the termination of the Commitments.
In addition, any indebtedness of any Loan Party now or hereafter held by any other Loan Party is hereby subordinated in right of
payment to the prior indefeasible payment in full of the Obligations and no Loan Party will demand, sue for or otherwise attempt
to collect any such indebtedness. If any amount shall erroneously be paid to any Loan Party on account of (i) such subrogation,
contribution, reimbursement, indemnity or similar right or (ii) any such indebtedness of any Loan Party, such amount shall be held
in trust for the benefit of the Credit Parties and shall forthwith be paid to the Administrative Agent to be credited against the
payment of the Obligations, whether matured or unmatured, in accordance with the terms of this Agreement and the other Loan Documents.
Subject to the foregoing, to the extent that any Borrower shall, under this Agreement as a joint and several obligor, repay any
of the Obligations constituting Loans made to another Borrower hereunder or other Obligations incurred directly and primarily by
any other Borrower (an “Accommodation Payment”), then the Borrower making such Accommodation Payment shall be
entitled to contribution and indemnification from, and be reimbursed by, each of the other Borrowers in an amount, for each of
such other Borrowers, equal to a fraction of such Accommodation Payment, the numerator of which fraction is such other Borrower’s
Allocable Amount and the denominator of which is the sum of the Allocable Amounts of all of the Borrowers. As of any date of determination,
the “Allocable Amount” of each Borrower shall be equal to the maximum amount of liability for Accommodation
Payments which could be asserted against such Borrower hereunder without (a) rendering such Borrower “insolvent” within
the meaning of Section 101 (31) of the Bankruptcy Code, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”)
or Section 2 of the Uniform Fraudulent Conveyance Act (“UFCA”), (b) leaving such Borrower with unreasonably
small capital or assets, within the meaning of Section 548 of the Bankruptcy Code, Section 4 of the UFTA, or Section 5 of the UFCA,
or (c) leaving such Borrower unable to pay its debts as they become due within the meaning of Section 548 of the Bankruptcy Code
or Section 4 of the UFTA, or Section 5 of the UFCA.

10.21   No
Strict Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the
event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the
parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship
of any provisions of this Agreement.

10.22   Attachments.
The exhibits, schedules and annexes attached to this Agreement are incorporated herein and shall be considered a part of this Agreement
for the purposes stated herein, except that in the event of any conflict between any of the provisions of such exhibits and the
provisions of this Agreement, the provisions of this Agreement shall prevail.

10.23   Conflict
of Terms. Except as otherwise provided in this Agreement or any of the other Loan Documents by specific reference to the applicable
provisions of this Agreement, if any provision contained in this Agreement conflicts with any provision in any of the other Loan
Documents (other than the Intercreditor Agreements), the provision contained in this Agreement shall govern and control.

10.24   Acknowledgement
and Consent to Bail-In of EEA Financial Institutions. Solely to the extent any Lender or L/C Issuer that is an EEA Financial
Institution is a party to this Agreement and notwithstanding anything to the contrary in any Loan Document or in any other agreement,
arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender or L/C Issuer
that is an EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject
to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees
to be bound by:

    	- 152 -

     

    

(a)      
 the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising
hereunder which may be payable to it by any Lender or L/C Issuer that is an EEA Financial Institution; and

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

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

(ii)        a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution,
its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or
other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement
or any other Loan Document; or

(iii)        the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution
Authority.

    	- 153 -

     

    

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

 

	 	BORROWERS:	 
	 	 	 
	 	KEANE GROUP HOLDINGS, LLC	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Gregory Powell	 
	 	 	Name:	Gregory Powell	 
	 	 	Title:	President and Chief Financial Officer	 

 

 

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

 

 

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

 

 

    	 Signature Page to Keane Credit Agreement (ABL)

     

    

 

	 	GUARANTORS:	 
	 	 	 
	 	KEANE GROUP, INC.	 
	 	 	 
	 	 	 
	 	By:	/s/ Gregory Powell	 
	 	 	Name:	Gregory Powell	 
	 	 	Title:	President and Chief Financial Officer	 

 

 

	 	KGH Intermediate Holdco I, LLC	 
	 	 	 
	 	 	 
	 	By:	/s/ Gregory Powell	 
	 	 	Name:	Gregory Powell	 
	 	 	Title:	President and Chief Financial Officer	 

 

 

	 	KGH Intermediate Holdco II, LLC	 
	 	 	 
	 	 	 
	 	By:	/s/ Gregory Powell	 
	 	 	Name:	Gregory Powell	 
	 	 	Title:	President and Chief Financial Officer	 

 

 

	 	KEANE
    FRAC GP, LLC	 
	 	 	 
	 	By:	KGH Intermediate Holdco II, LLC, its Managing Member	 
	 	 	 
	 	 	 
	 	By:	/s/ Gregory Powell	 
	 	 	Name:	Gregory Powell	 
	 	 	Title:	President and Chief Financial Officer	 

 

 

    	 Signature Page to Keane Credit Agreement (ABL)

     

    

 

 

	 	BANK OF AMERICA, N.A., as Administrative Agent, as Collateral Agent, as a Lender, as an L/C Issuer and as Swing Line Lender	 
	 	 	 
	 	 	 
	 	By:	/s/ Hance VenBeber	 
	 	 	Name:	Hance VanBeber	 
	 	 	Title:	Sr. Vice President	 

  

    	 Signature Page to Keane Credit Agreement (ABL)

     

    

    

EXHIBIT A

FORM OF COMMITTED LOAN
NOTICE

 

Date: ___________,
_____

		To:	Bank of America, N.A., as Administrative Agent

Ladies
and Gentlemen:

Reference is made to the Credit Agreement
dated as of February 17, 2017 (as amended, modified, supplemented or restated hereafter, the “Credit Agreement”)
by and among (i) Keane Group Holdings, LLC, a Delaware limited liability company (the “Lead Borrower”),
(ii) the Borrowers party thereto from time to time (individually, a “Borrower” and, together with the Lead Borrower,
the “Borrowers”), (iii) Keane Group, Inc., a Delaware corporation, (iv) the guarantors party thereto,
(v) Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”) for its own
benefit and the benefit of the other Credit Parties referred to therein, (vi) Bank of America, N.A., as collateral agent (in such
capacity, the “Collateral Agent”) for its own benefit and the benefit of the other Credit Parties, (vii) the
L/C Issuers party thereto, and (viii) the lenders from time to time party thereto (individually, a “Lender”
and, collectively, the “Lenders”). All capitalized terms used herein and not otherwise defined shall have the
same meaning herein as in the Credit Agreement.

		1.	The Lead Borrower hereby irrevocably requests [a Committed Borrowing][a Conversion of Committed
Loans from one Type to the other][a continuation of LIBOR Rate Loans]:

		(a)	On
                  (a Business Day)1

		(b)	In
the amount of $                           
2

		(c)	Comprised
of [Base Rate][LIBOR Rate]Loans (Type of Committed Loan)3

		(d)	Class
of Borrowing                   4

		(e)	For
LIBOR Rate Loans: with an Interest Period of       months5

 

 

1
Each notice of a Borrowing must be received by the Administrative Agent not later than 12:00 p.m. (i) three (3) Business Days prior
to the requested date of any Borrowing of, Conversion to or continuation of LIBOR Rate Loans to Base Rate Loans, and (ii) one Business
Day prior to the requested date of any Borrowing of Base Rate Loans.

 

2
Each Borrowing of, Conversion to, or continuation of LIBOR Rate Loans must be in a principal amount of $1,000,000
or a whole multiple of $500,000 in excess thereof. Each Borrowing of or conversion to Base Rate Loans must be in a principal amount
of $500,000 or a whole multiple of $100,000 in excess thereof.

 

3
Committed Loans may be either Base Rate Loans or LIBOR Rate Loans. If the Type of Committed Loan is not specified,
then the applicable Committed Loans will be made as Base Rate Loans.

 

4
Committed Loans may be pursuant to the initial Credit Extension, Additional Commitments or Extended Loans.

 

     

     

    

 

The Lead Borrower hereby represents and
warrants (for itself and on behalf of the other Borrowers) that (a) the Borrowing requested herein complies with Section 2.02 and
the other provisions of the Credit Agreement and (b) the conditions specified in Sections 4.01 and 4.02 of the Credit Agreement
have been satisfied on and as of the date specified in Item 1(a) above.

 

[signature page follows]

 

 

 

 

 

5
The Lead Borrower may request a Borrowing of LIBOR Rate Loans with an Interest Period of one, two, three or six months (or with
the consent of all applicable Lenders, twelve months thereafter). If no election of Interest Period is specified, then the Lead
Borrower will be deemed to have specified an Interest Period of one month.

    	 	 2	 

     

    

 

 

 

Dated as of the date first written above.

 

	 	KEANE GROUP HOLDINGS, LLC, as Lead Borrower	 
	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 

 

 

    	 

    	 

    

EXHIBIT
B

FORM OF SWING LINE LOAN NOTICE

 

Date: ___________,
_____

		To:	Bank of America, N.A., as Swing Line Lender

Bank of America, N.A., as Administrative Agent

Ladies
and Gentlemen:

Reference is made
to the Credit Agreement dated as of February 17, 2017 (as amended, modified, supplemented or restated hereafter, the “Credit
Agreement”) by and among (i) Keane Group Holdings, LLC, a Delaware limited liability company (the “Lead
Borrower”), (ii) the Borrowers party thereto from time to time (individually, a “Borrower” and, together
with the Lead Borrower, the “Borrowers”), (iii) Keane Group, Inc., a Delaware corporation, (iv) the guarantors
party thereto, (v) Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”)
for its own benefit and the benefit of the other Credit Parties referred to therein, (vi) Bank of America, N.A., as collateral
agent (in such capacity, the “Collateral Agent”) for its own benefit and the benefit of the other Credit Parties,
(vii) the L/C Issuers party thereto, and (viii) the lenders from time to time party thereto (individually, a “Lender”
and, collectively, the “Lenders”). All capitalized terms used herein and not otherwise defined shall have the
same meaning herein as in the Credit Agreement.

The Borrower hereby
irrevocably requests a Swing Line Borrowing:

1.       On
_________________________________ (a Business Day)6

2.       In
the amount of $______________________7

The Swing Line Borrowing
requested herein complies with the provisions of Section 2.04 of the Credit Agreement.

	 	KEANE GROUP HOLDINGS, LLC, as Lead Borrower	 
	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 

 

 

 

 

6
        Each notice of a Swing Line Borrowing must be received
by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the requested date of any Swing Line Borrowing.

 

7
       Each Swing Line Borrowing must be in a minimum amount
of $100,000.

 

    	 

    	 

    

EXHIBIT C-1

FORM OF REVOLVING NOTE

 

	 
	NOTE
	 

 

	$	_____________	 	_______________, 2017

 

FOR VALUE RECEIVED, the undersigned
(individually, a “Borrower” and, collectively, the “Borrowers”), jointly and severally promise
to pay to the order of _____________________ (hereinafter, with any subsequent holders, the “Lender”),
c/o Bank of America, N.A., 901 Main Street, 14th Floor, Dallas, Texas 75202, the principal sum of ___________________ ($______________),
or, if less, the aggregate unpaid principal balance of Committed Loans made by the Lender to or for the account of any Borrower
pursuant to the Credit Agreement dated as of February 17, 2017 (as amended, modified, supplemented or restated and in effect from
time to time, the “Credit Agreement”) by and among (i) the Borrowers, (ii) Keane Group, Inc., a Delaware corporation,
(iii) the guarantors party thereto, (iv) Bank of America, N.A., as administrative agent (in such capacity, the “Administrative
Agent”) for its own benefit and the benefit of the other Credit Parties referred to therein, (v) Bank of America, N.A.,
as collateral agent (in such capacity, the “Collateral Agent”) for its own benefit and the benefit of the other
Credit Parties, (vi) the L/C Issuers party thereto, and (vii) the lenders from time to time party thereto (individually, a “Lender”
and, collectively, the “Lenders”), with interest at the rate and payable in the manner stated therein.

This is a “Note” to which
reference is made in the Credit Agreement and is subject to all terms and provisions thereof. The principal of, and interest on,
this Note shall be payable at the times, in the manner, and in the amounts as provided in the Credit Agreement and shall be subject
to prepayment and acceleration as provided therein. Capitalized terms used herein and not defined herein shall have the meanings
assigned to such terms in the Credit Agreement.

The Administrative Agent’s books and
records concerning the Committed Loans, the accrual of interest thereon, and the repayment of such Committed Loans, shall be prima
facie evidence of the indebtedness to the Lender hereunder.

No delay or omission by any Agent or the
Lender in exercising or enforcing any of such Agent’s or the Lender’s powers, rights, privileges, remedies, or discretions
hereunder shall operate as a waiver thereof on that occasion nor on any other occasion. No waiver of any Event of Default shall
operate as a waiver of any other Event of Default, nor as a continuing waiver of any such Event of Default.

Each Borrower, and each endorser and guarantor
of this Note, waives presentment, demand, notice, and protest, and also waives any delay on the part of the holder hereof. Each
Borrower assents to any extension or other indulgence (including, without limitation, the release or substitution of Collateral)
permitted by any Agent and/or the Lender with respect to this Note and/or any Collateral or any extension or other indulgence
with respect to any other liability or any collateral given to secure any other liability of any Borrower or any other Person
obligated on account of this Note.

    	 

    	 

    

This Note shall be binding upon each Borrower,
and each endorser and guarantor hereof, and upon their respective successors, assigns, and representatives, and shall inure to
the benefit of the Lender and its successors, endorsees, and assigns.

The liabilities of each Borrower, and of
any endorser or guarantor of this Note, are joint and several, provided, however, the release by any Agent or the Lender
of any one or more such Persons shall not release any other Person obligated on account of this Note. Each reference in this Note
to any Borrower, any endorser, and any guarantor, is to such Person individually and also to all such Persons jointly. No Person
obligated on account of this Note may seek contribution from any other Person also obligated unless and until all of the Obligations
have been paid in full in cash.

THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF.

Each
of the Borrowers iRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION
OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND ANY FEDERAL COURT SITTING THEREIN, AND ANY APPELLATE COURT
FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION
OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE BORROWERS IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF
ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, IN SUCH FEDERAL COURT. EACH OF THE BORROWERS AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE
AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS NOTE
OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT OR THE LENDER MAY OTHERWISE HAVE TO BRING ANY
ACTION OR PROCEEDING RELATING TO THIS NOTE OR ANY OTHER LOAN DOCUMENT AGAINST ANY OF THE BORROWERS OR ITS PROPERTIES IN THE COURTS
OF ANY JURISDICTION.

EACH OF THE Borrowers
IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER
HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE OR ANY OTHER LOAN DOCUMENT IN ANY
COURT REFERRED TO ABOVE. EACH OF THE BORROWERS HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT
FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

    	 

    	 

    

Each Borrower makes the following waiver
knowingly, voluntarily, and intentionally, and understands that the Agents and the Lender, in the establishment and maintenance
of their respective relationship with the Borrowers contemplated by this Note, are each relying thereon. EACH BORROWER, EACH GUARANTOR,
ENDORSER AND SURETY, AND THE LENDER, BY ITS ACCEPTANCE HEREOF, HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS
NOTE OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER
THEORY). EACH BORROWER AND THE LENDER, BY ITS ACCEPTANCE HEREOF, CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE
THE FOREGOING WAIVER. EACH BORROWER ACKNOWLEDGES THAT THE LENDER HAS BEEN INDUCED TO ENTER INTO THE CREDIT AGREEMENT AND THIS
NOTE BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS HEREIN.

[SIGNATURE PAGES FOLLOW]

 

    	 

    	 

    

IN WITNESS WHEREOF, the Borrowers have caused this Note to be duly
executed as of the date set forth above.

 

	 	BORROWERS:	 
	 	 	 
	 	KEANE GROUP HOLDINGS, LLC	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 

 

 

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

Officer	 

 

 

	 	KS Drilling, LLC	 
	 	 	 
	 	By:	KGH Intermediate Holdco II, LLC, its Managing Member	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	Name:	Gregory Powell	 
	 	 	Title:	President and Chief Financial Officer	 

 

 

    	 

    	 

    

EXHIBIT C-2

 

FORM OF SWING LINE NOTE

 

	 
	SWING LINE NOTE
	 

 

	$	$15,000,000	 	_______________, 2017

 

 

FOR VALUE RECEIVED, the undersigned
(individually, a “Borrower” and, collectively, the “Borrowers”), jointly and severally promise
to pay to BANK OF AMERICA, N.A. (hereinafter, with any subsequent holders, the “Swing Line Lender”) or
its registered assigns, 901 Main Street, 14th Floor, Dallas, Texas 75202, the principal sum of FIFTEEN MILLION DOLLARS ($15,000,000),
or, if less, the aggregate unpaid principal balance of Swing Line Loans made by the Swing Line Lender to or for the account of
any Borrower pursuant to the Credit Agreement dated as of February 17, 2017 (as amended, modified, supplemented or restated and
in effect from time to time, the “Credit Agreement”) by and among (i) the Borrowers, (ii) the guarantors party
thereto, (iii) Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”)
for its own benefit and the benefit of the other Credit Parties referred to therein, (iv) Keane Group, Inc., (v) Bank of America,
N.A., as collateral agent (in such capacity, the “Collateral Agent”) for its own benefit and the benefit of
the other Credit Parties, (vi) the L/C Issuers party thereto, and (vii) the lenders from time to time party thereto (individually,
a “Lender” and, collectively, the “Lenders”), with interest at the rate and payable in the
manner stated therein.

This is a “Swing Line Note”
to which reference is made in the Credit Agreement and is subject to all terms and provisions thereof. The principal of, and interest
on, this Swing Line Note shall be payable at the times, in the manner, and in the amounts as provided in the Credit Agreement and
shall be subject to prepayment and acceleration as provided therein. Capitalized terms used herein and not defined herein shall
have the meanings assigned to such terms in the Credit Agreement.

The Administrative Agent’s books and
records concerning the Swing Line Loans, the accrual of interest thereon, and the repayment of such Swing Line Loans, shall be
prima facie evidence of the indebtedness to the Swing Line Lender hereunder.

No delay or omission by any Agent or the
Swing Line Lender in exercising or enforcing any of such Agent’s or the Swing Line Lender’s powers, rights, privileges,
remedies, or discretions hereunder shall operate as a waiver thereof on that occasion nor on any other occasion. No waiver of any
Event of Default shall operate as a waiver of any other Event of Default, nor as a continuing waiver of any such Event of Default.

Each Borrower, and each endorser and
guarantor of this Swing Line Note, waives presentment, demand, notice, and protest, and also waives any delay on the part of
the holder hereof. Each Borrower assents to any extension or other indulgence
(including, without limitation, the release or substitution of Collateral) permitted by any Agent and/or the Lender with respect
to this Swing Line Note and/or any Collateral or any extension or other indulgence with respect to any other liability or any collateral
given to secure any other liability of any Borrower or any other Person obligated on account of this Swing Line Note.

     

     

    

 

This Swing Line Note shall be binding upon
each Borrower, and each endorser and guarantor hereof, and upon their respective successors, assigns, and representatives, and
shall inure to the benefit of the Swing Line Lender and its successors, endorsees, and assigns.

The liabilities of each Borrower, and of
any endorser or guarantor of this Swing Line Note, are joint and several, provided, however, the release by any Agent or
the Swing Line Lender of any one or more such Persons shall not release any other Person obligated on account of this Swing Line
Note. Each reference in this Swing Line Note to any Borrower, any endorser, and any guarantor, is to such Person individually and
also to all such Persons jointly. No Person obligated on account of this Swing Line Note may seek contribution from any other Person
also obligated unless and until all of the Obligations have been paid in full in cash.

THIS SWING LINE NOTE SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF.

Each
of the Borrowers iRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION
OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND ANY FEDERAL COURT SITTING THEREIN, AND ANY APPELLATE COURT
FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SWING LINE NOTE OR ANY OTHER LOAN DOCUMENT, OR
FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE BORROWERS IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS
IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE BORROWERS AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING
SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.
NOTHING IN THIS SWING LINE NOTE OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT OR THE SWING
LINE LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS SWING LINE NOTE OR ANY OTHER LOAN DOCUMENT AGAINST
ANY OF THE BORROWERS OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

EACH OF THE Borrowers
IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER
HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
SWING LINE NOTE OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO ABOVE. EACH OF THE BORROWERS HEREBY IRREVOCABLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING
IN ANY SUCH COURT.

    	 	 2	 

     

    

Each Borrower makes the following waiver
knowingly, voluntarily, and intentionally, and understands that the Agents and the Swing Line Lender, in the establishment and
maintenance of their respective relationship with the Borrowers contemplated by this Swing Line Note, are each relying thereon.
EACH BORROWER, EACH GUARANTOR, ENDORSER AND SURETY, AND THE SWING LINE LENDER, BY ITS ACCEPTANCE HEREOF, HEREBY IRREVOCABLY WAIVES,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR
INDIRECTLY ARISING OUT OF OR RELATING TO THIS SWING LINE NOTE OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY
OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH BORROWER AND SWING LINE LENDER, BY ITS ACCEPTANCE HEREOF,
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER
PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER. EACH BORROWER ACKNOWLEDGES THAT THE SWING
LINE LENDER HAS BEEN INDUCED TO ENTER INTO THE CREDIT AGREEMENT AND THIS SWING LINE NOTE BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS HEREIN.

[SIGNATURE PAGES FOLLOW]

 

    	 	 3	 

     

    

IN WITNESS WHEREOF, the Borrowers have caused this Note to be duly
executed as of the date set forth above.

 

	 	BORROWERS:	 
	 	 	 
	 	KEANE GROUP HOLDINGS, LLC	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 

 

 

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

Officer	 

 

 

	 	KS Drilling, LLC	 
	 	 	 
	 	 	 	 
	 	By:	KGH Intermediate Holdco II, LLC, its Managing Member	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	Name:	Gregory Powell	 
	 	 	Title:	President and Chief Financial Officer	 

 

 

 

    	 

    	 

    

EXHIBIT
D

FORM OF ASSIGNMENT AND ASSUMPTION

Reference is made to the Credit Agreement
dated as of February 17, 2017 (as amended, modified, supplemented or restated hereafter, the “Credit Agreement”)
by and among (i) Keane Group Holdings, LLC, a Delaware limited liability company (the “Lead Borrower”),
(ii) the Borrowers party thereto from time to time (individually, a “Borrower” and, together with the Lead Borrower,
the “Borrowers”), (iii) Keane Group, Inc., a Delaware corporation, (iv) the guarantors party thereto, (v) Bank
of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”) for its own benefit and the
benefit of the other Credit Parties referred to therein, (vi) Bank of America, N.A., as collateral agent (in such capacity, the
“Collateral Agent”) for its own benefit and the benefit of the other Credit Parties, (vii) the L/C Issuers party
thereto, and (viii) the lenders from time to time party thereto (individually, a “Lender” and, collectively,
the “Lenders”). All capitalized terms used herein and not otherwise defined shall have the same meaning herein
as in the Credit Agreement.

______________________________ (the “Assignor”)
and ___________________ (the “Assignee”) agree as follows:

		1.	The Assignor hereby sells and assigns to the Assignee, and the Assignee hereby purchases and assumes from the Assignor, that
interest in and to the Assignor’s rights and obligations as a Lender under the Credit Agreement as of the date hereof (including,
without limitation, such interest in each of the Assignor’s outstanding Commitments, if any, and the Loans (and related Obligations)
owing to it) specified in Section 1 of Schedule I hereto. After giving effect to such sale and assignment,
the Assignor’s and the Assignee’s Commitments and the amount of the Loans owing to the Assignor and the Assignee and
the amount of Letters of Credit participated in by the Assignor and the Assignee will be as set forth in Section 2
of Schedule I hereto.

		2.	The Assignor: (a) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder
and that such interest is free and clear of any Liens and that it is legally authorized to enter into this Assignment and Assumption;
(b) makes no representation or warranty and 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 or any other instrument or document furnished pursuant
thereto, or (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or
any other Loan Document or any other instrument or document furnished pursuant thereto; (c) makes no representation or warranty
and assumes no responsibility with respect to the financial condition of any Loan Party or the performance or observance by any
Loan Party of any of their respective obligations under the Credit Agreement or any other Loan Document or any other instrument
or document furnished pursuant thereto; and (d) confirms, in the case of an Assignee who is not a Lender, an Affiliate of a Lender,
or an Approved Fund, the aggregate amount of the Commitment 

    	 

    	 

    

(which for this purpose includes Loans
outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the
Assignor subject to this Assignment and Assumption, is not less than $____________, or, if less, the entire remaining amount
of the Assignor’s Commitment and the Loans at any time owing to it, unless each of the Administrative Agent, the L/C
Issuers and the Swing Line Lender and, so long as no Event of Default pursuant to Sections 8.01(a), (f)
or (g) of the Credit Agreement has occurred and is continuing, the Lead Borrower otherwise consent (each such
consent not to be unreasonably withheld or delayed).

		3.	The Assignee: (a) confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements
referred to in Section 6.01 thereof and such other documents and information as it has deemed appropriate to make
its own credit analysis and decision to enter into this Assignment and Assumption; (b) agrees that it will, independently and without
reliance upon 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 Credit Agreement;
(c) appoints and authorizes the Agents to take such action as agent on its behalf and to exercise such powers under the Credit
Agreement as are delegated to the Agents by the terms thereof, together with such powers as are reasonably incidental thereto;
(d) agrees that it will perform in accordance with their terms all of the obligations which, by the terms of the Credit Agreement,
are required to be performed by it as a Lender; (e) specifies as its lending office (and address for notices) the office set forth
beneath its name on the signature pages hereof; (f) agrees that, if the Assignee is a Foreign Lender entitled to an exemption from,
or reduction of, withholding tax under the law of the jurisdiction in which the applicable Loan Party is resident for tax purposes,
it shall deliver to the Loan Parties and the Administrative Agent (in such number of copies as shall be requested by the recipient)
whichever of the following is applicable: (i) duly completed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E claiming
eligibility for benefits of an income tax treaty to which the United States is a party, (ii) duly completed copies of Internal
Revenue Service Form W-8ECI, (iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest
under section 881(c) of the Code, (A) a certificate to the effect that such Foreign Lender is not (1) a “bank” within
the meaning of section 881(c)(3)(A) of the Code, (2) a “10-percent shareholder” of the Loan Parties within the meaning
of section 881(c)(3)(B) of the Code, or (3) a “controlled foreign corporation” described in section 881(c)(3)(C) of
the Code and (B) duly completed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, or (iv) any other form prescribed by
applicable law as a basis for claiming exemption from, or a reduction in, United States Federal withholding tax, duly completed,
together with such supplementary documentation as may be prescribed by applicable law to permit the Borrowers to determine the
withholding or deduction required to be made; and (g) represents and warrants that it is an Eligible Assignee.

		4.	Following the execution of this Assignment and Assumption by the Assignor and the Assignee, it will be delivered, together
with a processing and recordation fee in the amount required as set forth in Section 10.06
to the Credit Agreement, to the Administrative Agent for acceptance and recording by the Administrative Agent. The effective date
of this Assignment and Assumption shall be the date of acceptance thereof by the Administrative Agent, unless otherwise specified
on Schedule I hereto (the “Effective Date”).

 

    	 	 2	 

     

    

		5.	Upon such acceptance and recording by the Administrative Agent and, to the extent required by Section 10.06(b)(iii)
of the Credit Agreement, consent by the Administrative Agent, the L/C Issuers, the Swing Line Lender and the Lead Borrower, as
applicable (such consent not to be unreasonably withheld or delayed), from and after the Effective Date, (a) the Assignee shall
be a party to the Credit Agreement and, to the extent of the interest assigned by this Assignment and Assumption, shall have the
rights and obligations of a Lender under the Credit Agreement, and (b) the Assignor shall, to the extent of the interest assigned
by this Assignment and Assumption, be released from its obligations under the Credit Agreement.

		6.	Upon such acceptance and recording by the Administrative Agent, from and after the Effective Date, the Administrative Agent
shall make all payments under the Credit Agreement in respect of the interest assigned hereby (including, without limitation, all
payments of principal, interest and fees with respect thereto) to the Assignee. The Assignor and Assignee shall make all appropriate
adjustments in payments under the Credit Agreement for periods prior to the Effective Date directly between themselves.

		7.	This Assignment and Assumption shall be governed by, and be construed in accordance with, the laws of the State of New York,
without regard to conflicts of laws principles thereof.

 

[SIGNATURE PAGE FOLLOWS]

    	 	 3	 

     

    

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

 

	 	[ASSIGNOR]	 
	 	 	 
	 	 	 
	 	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 

 

 

	 	[ASSIGNEE]	 
	 	 	 
	 	 	 
	 	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 

 

 

	 	Lending Office (and address for notices):	 
	 	 	 
	 	[Address]	 

 

 

 

 

Accepted this _____ day

of ___________, _____:

 

 

	BANK OF AMERICA, N.A.

as Administrative Agent	 	 
	 	 	 
	 	 	 
	 	 	 
	By:	 	 	 
	Name:	 	 	 
	Title:	 	 	 

 

    	 

    	 

    

Acknowledged and, to the extent required by
Section 10.06(b)(iii) of the Credit Agreement, consented to, this _____ day of _____________, _______:

 

	ADMINISTRATIVE AGENT:	 	 
	 	 	 
	BANK OF AMERICA, N.A.	 	 
	 	 	 
	By:	 	 	 
	Name:	 	 	 
	Title:	 	 	 

 

    	 

    	 

    

Acknowledged and, to the extent required by
Section 10.06(b)(iii) of the Credit Agreement, consented to, this _____ day of _____________, _______:

 

	L/C ISSUERS:	 	 
	 	 	 
	[   ]	 	 
	 	 	 
	By:	 	 	 
	Name:	 	 	 
	Title:	 	 	 

 

    	 

    	 

    

Acknowledged and, to the extent required by
Section 10.06(b)(iii) of the Credit Agreement, consented to, this _____ day of _____________, _______:

 

	SWING LINE LENDER:	 	 
	 	 	 
	BANK OF AMERICA, N.A.	 	 
	 	 	 
	By:	 	 	 
	Name:	 	 	 
	Title:	 	 	 

 

    	 

    	 

    

Acknowledged and, to the extent required by
Section 10.06(b)(iii) of the Credit Agreement, consented to, this _____ day of _____________, _______:

 

	LEAD BORROWER:	 	 
	 	 	 
	KEANE GROUP HOLDINGS, LLC	 	 
	 	 	 
	By:	 	 	 
	Name:	 	 	 
	Title:	 	 	 

 

    	 

    	 

    

Schedule I

Section 1.Percentage/Amount of Commitments/Loans/Letters
of Credit Assigned by Assignor to Assignee. 

 

	 	Applicable Percentage assigned by Assignor:	______%
	 	 	 
	 	Commitment assigned by Assignor:	$_______________
	 	 	 
	 	Commitment assigned by Assignor:	$_______________
	 	 	 
	 	Aggregate Outstanding Principal Amount of	 
	 	 	 
	 	Loans assigned by Assignor:	$_______________
	 	 	 
	 	Aggregate Participations assigned by Assignor in L/C Obligations:	$_______________

 

 

Section 2.Percentage/Amount of Commitments/Loans/Letters
of Credit Held by Assignor and Assignee after giving effect to Assignment and Assumption.

 

	 	Assignor’s Applicable Percentage	______%
	 	 	 
	 	Assignee’s Applicable Percentage:	______%
	 	 	 
	 	Assignor’s Commitment:	$_______________
	 	 	 
	 	Assignee’s Commitment:	$_______________
	 	 	 
	 	Aggregate Outstanding Principal Amount of	 
	 	 	 
	 	Loans Owing to Assignor:	$_______________
	 	 	 
	 	Aggregate Outstanding Principal Amount of	 
	 	 	 
	 	Loans Owing to Assignee:	$_______________
	 	 	 
	 	Aggregate Participations by Assignor in L/C Obligations:	$_______________
	 	 	 
	 	Aggregate Participations by Assignee in L/C Obligations:	$_______________

 

Section 3. Effective Date

 

	 	Effective Date:	_______________, _____

 

    	 

    	 

    

EXHIBIT E

BORROWING BASE CERTIFICATE

 

[Included under separate cover]

 

 

 

    	 

    	 

    

EXHIBIT
F

FORM OF
SOLVENCY CERTIFICATE

 

CONFIDENTIAL

Form of Solvency Certificate

Date: [ ], 2017

To the Administrative Agent and each of the Lenders party
to the Credit Agreement referred to below:

I, the undersigned, a senior authorized
financial officer of Keane Group Holdings, LLC, a Delaware limited liability company (“Company”), in
that capacity only and not in my individual capacity (and without personal liability), do hereby certify as of the date hereof,
and based upon facts and circumstances as they exist as of the date hereof (and disclaiming any responsibility for changes in such
fact and circumstances after the date hereof), that:

1.       This
certificate is furnished to the Administrative Agent and the Lenders pursuant to Section 4.01(a)(vi) of the Credit Agreement, dated
as of February 17, 2017, (the “Credit Agreement”) by and among (i) Keane Group Holdings, LLC,
a Delaware limited liability company (the “Lead Borrower”), (ii) the Borrowers party thereto from time
to time (individually, a “Borrower” and, together with the Lead Borrower, the “Borrowers”),
(iii) Keane Group, Inc., a Delaware corporation, (iv) the guarantors party thereto, (v) Bank of America, N.A., as administrative
agent (in such capacity, the “Administrative Agent”) for its own benefit and the benefit of the other
Credit Parties referred to therein, (vi) Bank of America, N.A., as collateral agent (in such capacity, the “Collateral
Agent”) for its own benefit and the benefit of the other Credit Parties, (vii) the L/C Issuers party thereto, and
(viii) the lenders from time to time party thereto (individually, a “Lender” and, collectively, the “Lenders”).
Unless otherwise defined herein, capitalized terms used in this certificate shall have the meanings set forth in the Credit Agreement.

2.       For
purposes of this certificate, the terms below shall have the following definitions:

(a)       “Fair
Value”

The aggregate amount for which assets
(both tangible and intangible) in their entirety, of the Company and its Subsidiaries taken as a whole would change hands between
an interested purchaser and a seller, in an arm's length transaction, where both parties are aware of all relevant facts and neither
party is under any compulsion to act.

(b)       “Present
Fair Salable Value”

The aggregate amount of net consideration
that could be expected to be realized from an interested purchaser by a seller, in an arm's length transaction under present conditions
in a current market for the sale of assets of a comparable business enterprise, where both parties are aware of all relevant facts
and neither party is under any compulsion to act, where such seller is interested in disposing of an entire operation as a going
concern, presuming the business will be continued, in its present form and character, and with reasonable promptness, not to exceed
one year.

(c)       “Stated
Liabilities”

    	 	G-1-1	 

     

    

The recorded liabilities (including
contingent liabilities that would be recorded in accordance with GAAP) of Company and its Subsidiaries taken as a whole, as of
the date hereof after giving effect to the consummation of the Transactions, determined in accordance with GAAP consistently applied.

(d)       “Identified
Contingent Liabilities”

The maximum estimated amount of liabilities
reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other contingent
liabilities of Company and its Subsidiaries taken as a whole after giving effect to the Transactions (including all fees and expenses
related thereto but exclusive of such contingent liabilities to the extent reflected in Stated Liabilities), as identified and
explained in terms of their nature and estimated magnitude by responsible officers of Company.

(e)       “Will
be able to pay their Stated Liabilities and Identified Contingent Liabilities as they mature”

For the period from the date hereof
through the Maturity Date, Company and its Subsidiaries taken as a whole should be able to generate enough cash from operations,
asset dispositions, or a combination thereof, to meet their respective Stated Liabilities and Identified Contingent Liabilities
as those liabilities mature or (in the case of contingent liabilities) otherwise become payable.

(f)       “Do
not have Unreasonably Small Capital”

For the period from the date hereof
through the Maturity Date, Company and its Subsidiaries taken as a whole after consummation of the Transactions should be able
to generate enough cash from operations, asset dispositions, or a combination thereof, to meet their respective Stated Liabilities
and Identified Contingent Liabilities as they become due, and is a going concern and has sufficient capital to ensure that it will
continue to be a going concern for such period.

3.       For
purposes of this certificate, I, or officers of Company under my direction and supervision, have performed the following procedures
as of and for the periods set forth below.

(a)       I
have reviewed the financial statements (including the pro forma financial statements) referred to in Section 6.01 of the Credit
Agreement.

(b)       I
have knowledge of and have reviewed to my satisfaction the Credit Agreement.

(c)       As
a senior authorized financial officer of Company, I am familiar with the financial condition of Company and its Subsidiaries.

4.       Based
on and subject to the foregoing, I hereby certify on behalf of Company that after giving effect to the consummation of the Transactions,
it is my opinion that (i) the Fair Value and Present Fair Salable Value of the assets of Company and its Subsidiaries taken as
a whole exceed their Stated Liabilities and Identified Contingent Liabilities; (ii) Company and its Subsidiaries taken as a whole
do not have Unreasonably Small Capital; and (iii) Company and its Subsidiaries taken as a whole will be able to pay their Stated
Liabilities and Identified Contingent Liabilities as they mature.

* * *

    	 	G-1-2	 

     

    

IN WITNESS WHEREOF, Company has caused
this certificate to be executed on its behalf by Senior Authorized Financial Officer as of the date first written above.

	 	Keane Group Holdings, LLC	 
	 	 	 
	 	 	 
	 	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 

 

 

 

    	 	G-1-3	 

     

    

EXHIBIT G-1

FORM OF UNITED STATES TAX COMPLIANCE CERTIFICATE

(For Foreign Participants That Are Treated As Partnerships For

U.S. Federal Income Tax Purposes)

 

Reference is made to the Credit Agreement
dated as of February 17, 2017 (as amended, modified, supplemented or restated hereafter, the “Credit Agreement”)
by and among (i) Keane Group Holdings, LLC, a Delaware limited liability company (the “Lead Borrower”),
(ii) the Borrowers party thereto from time to time (individually, a “Borrower” and, together with the
Lead Borrower, the “Borrowers”), (iii) Keane Group, Inc., a Delaware corporation, (iv) the guarantors
party thereto, (v) Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”)
for its own benefit and the benefit of the other Credit Parties referred to therein, (vi) Bank of America, N.A., as collateral
agent for its own benefit and the benefit of the other Credit Parties, (vii) the L/C Issuers party thereto, and (viii) the lenders
from time to time party thereto (individually, a “Lender” and, collectively, the “Lenders”).
Unless otherwise defined herein, capitalized terms used in this certificate shall have the meanings set forth in the Credit Agreement.

Pursuant to the provisions of Section 3.01(e)
of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as
well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a “bank”
within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a “10-percent shareholder” of any Borrower
within the meaning of Section 871(h)(3)(B) of the Code, (iv) it is not a “controlled foreign corporation” related to
any Borrower as described in Section 881(c)(3)(C) of the Code, and (v) no payments in connection with any Loan Document are effectively
connected with the undersigned’s conduct of a U.S. trade or business.

The undersigned has furnished the Lead Borrower
and the Administrative Agent with a certificate of its non-U.S. person status on an Internal Revenue Service Form W-8BEN or W-8BEN-E.
By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned
shall promptly so inform the Lead Borrower and the Administrative Agent in writing and (2) the undersigned shall furnish the Lead
Borrower and the Administrative Agent a properly completed and currently effective certificate in either the calendar year in which
payment is to be made by the relevant Borrower or the Administrative Agent to the undersigned, or in either of the two calendar
years preceding each such payment.

[Signature Page Follows]

 

 

    	 	G-1-1	 

     

    

 

	 		[Foreign Lender]	 
	 	 	 
	 	 	 
	 	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 	 	 	 	 
	 	 	[Address]	 

 

 

	Dated:	______________________, 20[  ]	 	 

 

 

    	 	G-1-2	 

     

    

EXHIBIT G-2

FORM OF UNITED STATES TAX COMPLIANCE
CERTIFICATE

(For Foreign Lenders That Are Treated As Partnerships For

U.S. Federal Income Tax Purposes)

Reference is made to the Credit Agreement
dated as of February 17, 2017 (as amended, modified, supplemented or restated hereafter, the “Credit Agreement”)
by and among (i) Keane Group Holdings, LLC, a Delaware limited liability company (the “Lead Borrower”),
(ii) the Borrowers party thereto from time to time (individually, a “Borrower” and, together with the
Lead Borrower, the “Borrowers”), (iii) Keane Group, Inc., a Delaware corporation, (iv) the guarantors
party thereto, (v) Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”)
for its own benefit and the benefit of the other Credit Parties referred to therein, (vi) Bank of America, N.A., as collateral
agent for its own benefit and the benefit of the other Credit Parties, (vii) the L/C Issuers party thereto, and (viii) the lenders
from time to time party thereto (individually, a “Lender” and, collectively, the “Lenders”).
Unless otherwise defined herein, capitalized terms used in this certificate shall have the meanings set forth in the Credit Agreement.

Pursuant to the provisions of Section 3.01(e)
of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s)
evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are
the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension
of credit pursuant to the Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect
partners/members is a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect
partners/members is a “10-percent shareholder” of any Borrower within the meaning of Section 871(h)(3)(B) of the Code,
(v) none of its direct or indirect partners/members is a “controlled foreign corporation” related to any Borrower as
described in Section 881(c)(3)(C) of the Code, and (vi) no payments in connection with any Loan Document are effectively connected
with the undersigned’s or its direct or indirect partners/members’ conduct of a U.S. trade or business.

The undersigned has furnished the Lead Borrower
and the Administrative Agent with an Internal Revenue Service Form W-8IMY accompanied by one of the following forms from each of
its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or W-8BEN-E or (ii) an IRS Form
W-8IMY accompanied by an IRS Form W-8BEN or W-8BEN-E from each of such partner’s/member’s beneficial owners that is
claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided
on this certificate changes, the undersigned shall promptly so inform the Lead Borrower and the Administrative Agent in writing
and (2) the undersigned shall have at all times furnished the Lead Borrower and the Administrative Agent with a properly completed
and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either
of the two calendar years preceding each such payment.

[Signature Page Follows]

 

 

    	 	G-2-1	 

     

    

 

	 	[Foreign Lender]	 
	 	 	 
	 	 	 
	 	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 	 	 	 	 
	 	 	[Address]	 

 

 

	Dated:	______________________, 20[  ]	 	 

 

 

 

    	 	G-2-2	 

     

    

EXHIBIT G-3

FORM OF UNITED STATES TAX COMPLIANCE CERTIFICATE

(For Foreign Participants That Are Not Treated As Partnerships For 

U.S. Federal Income Tax Purposes)

Reference is made to the Credit Agreement
dated as of February 17, 2017 (as amended, modified, supplemented or restated hereafter, the “Credit Agreement”)
by and among (i) Keane Group Holdings, LLC, a Delaware limited liability company (the “Lead Borrower”),
(ii) the Borrowers party thereto from time to time (individually, a “Borrower” and, together with the
Lead Borrower, the “Borrowers”), (iii) Keane Group, Inc., a Delaware corporation, (iv) the guarantors
party thereto, (v) Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”)
for its own benefit and the benefit of the other Credit Parties referred to therein, (vi) Bank of America, N.A., as collateral
agent for its own benefit and the benefit of the other Credit Parties, (vii) the L/C Issuers party thereto, and (viii) the lenders
from time to time party thereto (individually, a “Lender” and, collectively, the “Lenders”).
Unless otherwise defined herein, capitalized terms used in this certificate shall have the meanings set forth in the Credit Agreement.

Pursuant to the provisions of Section 3.01(e)
of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation
in respect of which it is providing this certificate, (ii) it is not a “bank” within the meaning of Section 881(c)(3)(A)
of the Code, (iii) it is not a “10-percent shareholder” of any Borrower within the meaning of Section 871(h)(3)(B)
of the Code, (iv) it is not a “controlled foreign corporation” related to any Borrower as described in Section 881(c)(3)(C)
of the Code, and (v) no payments in connection with any Loan Document are effectively connected with the undersigned’s conduct
of a U.S. trade or business.

The undersigned has furnished its participating
Lender with a certificate of its non-U.S. person status on an Internal Revenue Service Form W-8BEN or W-8BEN-E. By executing this
certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly
so inform such Lender in writing and (2) the undersigned shall have at all times furnished such Lender with a properly completed
and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either
of the two calendar years preceding each such payment.

[Signature Page Follows]

 

 

    	 	G-3-1	 

     

    

 

	 	[Foreign Lender]	 
	 	 	 
	 	 	 
	 	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 	 	 	 	 
	 	 	[Address]	 

 

 

	Dated:	______________________, 20[  ]	 	 

 

 

    	 	G-3-2	 

     

    

EXHIBIT G-4

FORM OF UNITED STATES TAX COMPLIANCE CERTIFICATE

(For Foreign Participants That Are Treated As Partnerships For 

U.S. Federal Income Tax Purposes)

Reference is made to the Credit Agreement
dated as of February 17, 2017 (as amended, modified, supplemented or restated hereafter, the “Credit Agreement”)
by and among (i) Keane Group Holdings, LLC, a Delaware limited liability company (the “Lead Borrower”),
(ii) the Borrowers party thereto from time to time (individually, a “Borrower” and, together with the
Lead Borrower, the “Borrowers”), (iii) Keane Group, Inc., a Delaware corporation, (iv) the guarantors
party thereto, (v) Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”)
for its own benefit and the benefit of the other Credit Parties referred to therein, (vi) Bank of America, N.A., as collateral
agent for its own benefit and the benefit of the other Credit Parties, (vii) the L/C Issuers party thereto, and (viii) the lenders
from time to time party thereto (individually, a “Lender” and, collectively, the “Lenders”).
Unless otherwise defined herein, capitalized terms used in this certificate shall have the meanings set forth in the Credit Agreement.

Pursuant to the provisions of Section 3.01(e)
of the Credit Agreement, the undersigned hereby certifies that (i) its direct or indirect partners/members are the sole record
owners of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members
are the sole beneficial owners of such participation, (iii) with respect to such participation, neither the undersigned nor any
of its direct or indirect partners/members is a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (iv)
none of its direct or indirect partners/members is a “10-percent shareholder” of any Borrower within the meaning of
Section 871(h)(3)(B) of the Code, (v) none of its direct or indirect partners/members is a “controlled foreign corporation”
related to any Borrower as described in Section 881(c)(3)(C) of the Code, and (vi) no payments in connection with any Loan
Document are effectively connected with the undersigned’s or its direct or indirect partners/members’ conduct of a
U.S. trade or business.

The undersigned has furnished its participating
Lender with an Internal Revenue Service Form W-8IMY accompanied by one of the following forms from each of its partners/members
that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by
an IRS Form W-8BEN or W-8BEN-E from each of such partner’s/member’s beneficial owners that is claiming the portfolio
interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate
changes, the undersigned shall promptly so inform such Lender in writing and (2) the undersigned shall have at all times furnished
such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is
to be made to the undersigned, or in either of the two calendar years preceding each such payment.

[Signature Page Follows]

    	 	G-4-1	 

     

    

 

	 	[Foreign Lender]	 
	 	 	 
	 	 	 
	 	By:	 	 
	 	 	Name:	 	 
	 	 	Title:	 	 
	 	 	 	 	 
	 	 	[Address]	 

 

 

	Dated:	______________________, 20[  ]	 	 

 

 

    	 	G-4-2	 

     

    

EXHIBIT H

 

FORM OF INTERCREDITOR AGREEMENT

[Included under separate cover]

 

    	 

    	 

    

EXHIBIT I

 

FORM OF FACILITY GUARANTY

[Included under separate cover]

 

    	 

    	 

    

EXHIBIT J

 

FORM OF SECURITY AGREEMENT

[Included under separate cover]EXHIBIT 10.2

 

 

SIXTH
AMENDMENT
TO NOTE PURCHASE
AGREEMENT

 

This SIXTH
AMENDMENT TO NOTE PURCHASE
AGREEMENT, dated
as of February 17, 2017 (the
“Amendment”),
is entered
into by and among
KGH Intermediate
Holdco II,
LLC, a Delaware
limited liability
company
(the “Issuer”),
KGH Intermediate
Holdco I, LLC,
a Delaware
limited liability
company
(“Holdings Intermediate Holdco”),
each of the other Note
Parties
party hereto,
the undersigned Required
Purchasers,
and U.S. Bank
National
Association, as
agent for
the Purchasers
(the “Agent”).
All capitalized
terms not otherwise defined
herein shall have
the meaning ascribed
to them in the Note Purchase
Agreement (as
defined
below).

 

BACKGROUND

 

A.       Reference
is made to that
certain
Note Purchase
Agreement dated
as of August
8,

2014 (as
amended,
restated,
supplemented
or otherwise modified
prior to
the date hereof,
the “Existing Note Purchase
Agreement”,
and as amended
by the Amendment,
the “Note Purchase
Agreement”),
by and among
Intermediate Holdco, the Issuer,
the Subsidiary
Guarantors
from time to time party
thereto, the Purchasers
from time to time party
thereto
and Agent.

 

B.       The
Issuer intends to refinance and prepay in full all indebtedness and other obligations outstanding under the Revolving Credit Documents
(as defined in the Existing Note Purchase Agreement) and terminate and release all commitments, security interests and guarantees
in connection therewith (the “Refinancing”).

 

C.       In
connection with the Refinancing, the Issuer
has requested
that the Purchasers
agree to certain
amendments
and modifications
to the Existing Note Purchase
Agreement,
on the terms and conditions
set forth
herein.

 

D.       The
Required
Purchasers
have consented
to Issuer’s
request as
described
above.

 

NOW
THEREFORE,
with the foregoing
background
hereinafter
deemed incorporated
by reference
herein and
made part
hereof,
the parties
hereto, intending
to be legally
bound, promise and agree
as follows:

 

1.Amendments
to Existing Note Purchase
Agreement.Effective
as of the Sixth

Amendment
Effective
Date,
the Existing Note Purchase Agreement shall be amended as follows:

(a)       Subject
to the satisfaction of the conditions precedent set forth in Section 3 of this Amendment, the Note Purchase Agreement is hereby
amended by inserting the language indicated in double underlined
text in Exhibit A hereto and by deleting the language indicted by struck through text in Exhibit A
hereto.

 

(b)       Each
of the Schedules to the Amended Note Purchase Agreement is hereby amended and restated in its entirety with the information contained
in the correspondingly numbered Schedule attached as Annex A hereto; provided that any reference in the Amended Note
Purchase Agreement or any other Note Document to any such Schedule setting forth information thereon as of the Sixth Amendment
Closing Date shall be deemed to be, solely with respect to such supplemental information, a reference to such Schedule setting
forth information as of the date of this Amendment.

 

 

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

 

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

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

(c)       represents
and warrants
that, as
of the date hereof,
no Default or Event
of Default has occurred
and is continuing
under the Note Purchase
Agreement
or any of the other
Note Documents;

(d)       represents
and warrants
that, as of the date
hereof,
no event
or development
has occurred
since the Closing Date
which has had
or is reasonably
likely to have
a Material
Adverse Effect;
and

(e)       represents
and warrants
that (i) such
Note Party
has full
power, authority
and legal
right
to enter into this Amendment
and all other
agreements,
instruments or other
documents related
hereto
and to perform
all of its respective
Obligations
under the Note Documents
as amended
hereby and
thereby,
(ii) this Amendment
and all other
agreements,
instruments or other
documents required
hereby,
if any,
have been
duly executed
and delivered
by each
Note Party,
and this Amendment
and the Note Documents
as amended
hereby
and by any
such agreements,
instruments or documents
required hereby
constitute the legal,
valid and binding obligation
of such Note Party
enforceable
in accordance
with their terms, except
as such enforceability
may be limited by
any applicable
bankruptcy,
insolvency, moratorium
or similar laws affecting
creditors’
rights generally,
(iii) the execution,
delivery
and performance
of this Amendment and
all other agreements,
instruments or other
documents required
hereby,
if any,
(a) are
within such Note Party’s
powers under
its Organization
Documents, have
been duly authorized
by all necessary
corporate,
limited partnership,
company
or other organizational
action, as applicable,
are not in contravention
of law or the terms of such
Note Party’s
Organization
Documents or to the conduct
of such Note Party’s
business or of any
material
agreement
or undertaking
to which such
Note Party
is a party or by
which such Note Party
is bound, (b) will not conflict
in any material
respect
with or violate any
law or regulation,
or any judgment,
order
or decree
of any Governmental
Body,
(c) will not require
the Consent of any
Governmental
Body,
any party
to a Material
Contract or any
other Person,
except
those Consents set
forth on Schedule
5.1 to the Note Purchase
Agreement, all
of which will have been
duly obtained,
made or compiled
prior to the effective
date hereof
and which
are in full
force
and effect
or the failure of which to obtain
would not reasonably be expected
to result in a Material
Adverse Effect, and (d)
will not conflict
with, nor result
in any breach
in any of the provisions
of or constitute a default under
or result in the creation
of any Lien except Permitted
Encumbrances upon any asset
of such Note Party and
its Restricted Subsidiaries
under the provisions
of any agreement,
instrument, Organization
Document or other
instrument to which
such Note Party and
its Restricted Subsidiaries are
party
or by which
they or their property
may be bound; and

 

 

 

 

3.       Conditions
Precedent/Effectiveness
Conditions. This Amendment
shall become effective
upon the satisfaction of the following
conditions precedent
(the date on which such conditions have been satisfied, the "Sixth Amendment Effective
Date") (it being understood
that the amendments
set forth
in Section 1 shall
not be effective
unless and
until the Sixth Amendment
Effective Date occurs):

 

(a)       Agent
shall have received this Amendment, duly authorized, executed and delivered by the Issuer, Holdings, each of the other Note Parties
and the Required Purchasers.

 

(b)       Agent
and the Purchasers shall have received the executed legal opinion of Schulte Roth & Zabel LLP, counsel to the Note Parties,
in form and substance reasonably satisfactory to the Purchasers, and each Note Party hereby authorizes and directs such counsel
to deliver such opinions to Agent and the Purchasers.

 

(c)       Agent
shall have received an Additional Guarantor Supplement and Pledge Agreement, in each case, duly authorized and executed by Keane
Group, Inc., a Delaware corporation (“KGI”), and KGH, and all related UCC financing statements shall have been
filed and all Pledged Equity issued by Intermediate Holdco shall have been delivered to the Agent.

 

(d)       Agent
shall have received the Intercreditor Agreement, dated as of the date hereof (the “Intercreditor Agreement”),
duly authorized, executed and delivered by KGI, KGH, Bank of America, N.A., in form and substance reasonably satisfactory to the
Purchasers.

 

(e)       The
Refinancing shall have been consummated.

 

(f)       Issuer
shall have paid or reimbursed Agent and the Purchasers for their respective reasonable attorneys’ fees and expenses in connection
with the preparation, negotiation and execution of this Amendment and the documents provided for herein or related hereto for which
the Issuer has received an invoice.

 

(g)       All
representations, warranties and schedules set forth in or annexed to the Note Purchase Agreement or this Amendment (other than
any representation, warranty or schedule that was made as of an earlier date or is only required to be true and correct as of an
earlier date, in which case each such representation, warranty or schedule shall be true and correct in all material respects as
of such earlier date) shall be true and correct in all material respects on and as of the effective date hereof (except to the
extent any such representation, warranty or schedule is already qualified as to materiality, Material Adverse Effect or similar
language, in which case each such representation, warranty or schedule (after giving effect to any qualification therein) shall
be true and correct in all respects), and no Default or Event of Default shall have occurred and be continuing on the effective
date hereof.

 

 

    
	 	 3	 

60358087_2

     

    

4.       Reaffirmation
of Note Purchase
Agreement
and Note Documents.
Except as
modified by
the terms hereof,
all of the terms
and conditions of the Existing
Note Purchase
Agreement and
each
of the other Note Documents
are hereby
reaffirmed
and shall
continue in full force
and effect
as therein written.

 

5.       Confirmation
of Indebtedness
and Release.
Each
Note Party,
by its signature
below, hereby
acknowledges,
confirms
and agrees
that all of the Obligations
(whether
representing
outstanding principal,
accrued
and unpaid
interest, accrued
and unpaid fees
or any other
Obligations of any
kind or nature) currently
owing by the Issuer
under the Note Purchase
Agreement and
the other Note Documents,
as reflected
in the books and records
of Agent
and Purchasers
as of the date
hereof, are
unconditionally
owing from and
payable
by the Issuer,
and that the Issuer
is indebted to Agent
and Purchasers
with respect thereto,
all without any
set-off,
deduction, counterclaim
or defense. Each
Note Party,
by its signature
below, hereby
acknowledges
and agrees
that it has no actual
or potential
claim or cause
of action against
Agent or any
Purchaser
relating
to this Amendment (or
any document,
agreement
or instrument relating
hereto), the Note Purchase
Agreement
or any other
Note Document
and/or the Obligations
arising thereunder
or related
thereto, in any
such case
arising on or before
the date hereof.
As further
consideration
for the amendments
set forth
herein,
each Note
Party,
by its signature
below, hereby
waives and
releases
and forever
discharges
Agent
and Purchasers,
and the officers,
directors, attorneys,
agents
and employees
of each,
from any
liability,
damage,
claim, loss or expense
of any
kind originating
in whole or in part known to any
of the Note Parties
on or before
the date of
this Amendment that
any Note Party
may now have
against
Agent or Purchasers
or any of them
arising out of or relating
to the Obligations,
this Amendment, the Note Purchase
Agreement
or the other Note Documents.

 

6.       Required
Purchaser
Direction.
By its execution
and delivery
of its signature
page hereto,
each of the undersigned
Purchasers
is authorizing
and directing
Agent
to (a) execute
(i) this Amendment
and (ii) the
Intercreditor Agreement, and (b) execute any further modifications, amendments, agreements, waivers
or consents provided
to it as may be necessary
or otherwise desirable
by the Purchasers
to effectuate
the Subject
Transactions.

 

7.       Miscellaneous.

 

(a)       No
rights are
intended to be created
hereunder
for the benefit
of any third
party,
creditor,
or incidental
beneficiary.

 

(b)       The
headings of any paragraph of this Amendment are for convenience only and shall not be used to interpret any provision hereof.

 

(c)       No
modification hereof or any agreement referred to herein shall be binding or enforceable unless in writing and signed on behalf
of the party against whom enforcement is sought.

 

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

 

    
	 	 4	 

60358087_2

     

    

 

(e)       This
Amendment may be executed in any number of counterparts and by facsimile, each of which when so executed shall be deemed to be
an original and all of which

taken together shall constitute
one and the same agreement. Delivery by facsimile or electronic transmission shall bind the parties hereto.

 

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

 

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

 

[Signatures
appear
on the following
pages]

 

 

 

 

 

 

 

 

 

 

 

    
	 	 5	 

60358087_2

     

    

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

 

 

 

 

	 	KGH Intermediate Holdco II, LLC	 
	 	 	 
	 	 	 
	 	By:	/s/ Gregory Powell	 
	 	 	Name:	Gregory Powell	 
	 	 	Title:	President and Chief Financial Officer	 

 

	 	KGH Intermediate Holdco I, LLC	 
	 	 	 
	 	 	 
	 	By:	/s/ Gregory Powell	 
	 	 	Name:	Gregory Powell	 
	 	 	Title:	President and Chief Financial Officer	 

 

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

 

 

 

 

 

 

 

    
		[Sixth Amendment to Note Purchase Agreement]
	 

60358087_2

     

    

 

 

	 	KEANE FRAC GP, LLC	 
	 	 	 
	 	By:	KGH Intermediate Holdco II, LLC, its Managing Member	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Gregory Powell	 
	 	 	Name:	Gregory Powell	 
	 	 	Title:	President and Chief Financial Officer	 

 

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

 

 

 

 

 

 

 

 

 

    
		[Sixth Amendment to Note Purchase Agreement]
	 

60358087_2

     

    

 

 

	 	PACIFIC INVESTMENT MANAGEMENT COMPANY LLC, as investment advisor on behalf of the PIMCO Purchasers	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ T. Christian Stracke	 
	 	 	Name:	T. Christian Stracke	 
	 	 	Title:	Managing Director	 

 

    
		[Sixth Amendment to Note Purchase Agreement]
	 

60358087_2

     

    

 

 

 

	 	GUGGENHEIM STRATEGIC OPPORTUNITIES FUND	 
	 	By:	Guggenheim Partners Investment Management, LLC, as Sub-Advisor	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Kevin M. Robinson	 
	 	 	Name:	Kevin M. Robinson	 
	 	 	Title:	Attorney-in-Fact 	 

 

 

	 	VERGER CAPITAL FUND LLC	 
	 	By:	Guggenheim Partners Investment Management, LLC, as Sub-Advisor	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Kevin M. Robinson	 
	 	 	Name:	Kevin M. Robinson	 
	 	 	Title:	Attorney-in-Fact 	 

 

 

	 	GUGGENHEIM CREDIT ALLOCATION FUND	 
	 	By:	Guggenheim Partners Investment Management, LLC, as Sub-Advisor	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Kevin M. Robinson	 
	 	 	Name:	Kevin M. Robinson	 
	 	 	Title:	Attorney-in-Fact 	 

 

 

	 	NZC GUGGENHEIM MASTER FUND LIMITED	 
	 	By:	Guggenheim Partners Investment Management, LLC, as Sub-Advisor	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Kevin M. Robinson	 
	 	 	Name:	Kevin M. Robinson	 
	 	 	Title:	Attorney-in-Fact 	 

 

    
		[Sixth Amendment to Note Purchase Agreement]
	 

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	 	GUGGENHEIM FUNDS TRUST – GUGGENHEIM HIGH YIELD FUND	 
	 	By:	Security Investors, LLC, as Investment Advisor	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Amy J. Lee	 
	 	 	Name:	Amy J. Lee	 
	 	 	Title:	Senior Vice President and Secretary	 

 

 

	 	Principal FundS, Inc. – Global Diversified Income Fund	 
	 	By:	Guggenheim Partners Investment Management, LLC, as Sub-Advisor	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Kevin M. Robinson	 
	 	 	Name:	Kevin M. Robinson	 
	 	 	Title:	Attorney-in-Fact 	 

 

 

	 	MAVERICK ENTERPRISES, INC	 
	 	By:	Guggenheim Partners Investment Management, LLC, as Sub-Advisor	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Kevin M. Robinson	 
	 	 	Name:	Kevin M. Robinson	 
	 	 	Title:	Attorney-in-Fact 	 

 

 

	 	GUGGENHEIM VARIABLE FUNDS TRUST – SERIES P (HIGH YIELD SERIES)	 
	 	By:	Security Investors, LLC, as Investment Advisor	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Kevin M. Robinson	 
	 	 	Name:	Kevin M. Robinson	 
	 	 	Title:	Attorney-in-Fact 	 

 

 

	 	U.S. BANK NATIONAL ASSOCIATION, as Agent	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ James A. Hanley	 
	 	 	Name:	James A. Hanley	 
	 	 	Title:	Vice President

 

    
		[Sixth Amendment to Note Purchase Agreement]
	 

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	EXHIBIT A
	 
	 
	 
	FORM OF NOTE PURCHASE 
	AGREEMENT
	 
	 
	THE PURCHASERS LISTED HEREIN
	 
	AND
	 
	U.S. Bank National Association
	 
	(AS AGENT)
	 
	 
	 
	WITH
	 
	 
	 
	KGH Intermediate Holdco II, LLC
	(ISSUER)
	 
	 
	 
	August 8, 2014, as amended by the First Amendment thereto, dated as of December 23, 2014, the Second Amendment thereto, dated as of April 7, 2015, the Third Amendment thereto, dated as of January 25, 2016, the Fourth Amendment thereto, dated as of March 16, 2016 and the, 
	Fifth Amendment thereto, dated
    as of January 25, 2017 and the Sixth Amendment thereto, dated as of February 17, 2017
	 
	 

 

    DOC ID-16638426.2

DOC ID - 23955348.9
55543695_4
DOC ID - 23955348.11
DOC
                                         ID - 24006718.260358086_13
60358086_1

     

    

TABLE
OF CONTENTS

Page

	I.	DEFINITIONS.	1	 
	1.1.	Accounting Terms.	1	 
	1.2.	General Terms.	2	 
	1.3.	Uniform Commercial Code Terms.	45	44
	1.4.	Certain Matters of Construction.	45	 
	II.	Commitments and Notes.	46	 
	2.1.	Sale and Purchase of the Term Notes; the Closing.	46	 
	2.2.	Delayed Draw Notes.	47	46
	2.3.	Scheduled Repayment of Notes.	48	47
	2.4.	Optional Prepayments; Prepayment Premium.	48	 
	2.5.	Mandatory Prepayments.	49	48
	2.6.	Use of Proceeds.	51	50
	2.7.	Incremental Notes.	51	 
	III.	INTEREST; FEES; PAYMENTS GENERALLY; TAXES.	56	55
	3.1.	Interest.	56	55
	3.2.	Fees.	57	56
	3.3.	[RESERVED].	 	57
	3.4.	Computation of Interest and Fees.	57	 
	3.5.	Maximum Charges.	57	 
	3.6.	[RESERVED].	58	 
	3.7.	[RESERVED].	58	 
	3.8.	Payments Generally.	58	 
	3.9.	Gross Up for Taxes.	58	 
	3.10.	Withholding Tax Exemption.	59	58
	IV.	COLLATERAL:  GENERAL TERMS	60	59
	4.1.	Security Interest in the Collateral.	60	59
	4.2.	Perfection of Security Interest.	60	 
	4.3.	Disposition of Collateral.	61	60
	4.4.	Preservation of Collateral.	61	60
	4.5.	Ownership of Collateral.	62	61
	4.6.	Defense of Agent’s and Purchasers’ Interests.	62	 
	4.7.	Books and Records.	63	62
	4.8.	Financial Disclosure.	63	62
	4.9.	Compliance with Laws.	64	63
	4.10.	Inspection of Premises.	64	63
	4.11.	Insurance.	64	63
	4.12.	Failure to Pay Insurance	65	64
	4.13.	Payment of Taxes.	65	64

 

    	 	 i	 

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	4.14.	[RESERVED].	65	64
	4.15.	Receivables.	65	64
	4.16.	Inventory.	68	67
	4.17.	Maintenance of Equipment.	68	67
	4.18.	Exculpation of Liability.	68	67
	4.19.	Environmental Matters.	69	68
	4.21.	Reserved.	71	70
	4.22.	Mortgages.	71	70
	4.23.	Intercreditor Agreement.	73	72
	4.21.	Reserved.	 	72
	V.	REPRESENTATIONS AND WARRANTIES.	74	72
	5.1.	Authority.	74	73
	5.2.	Formation and Qualification.	75	73
	5.3.	Survival of Representations and Warranties.	75	73
	5.4.	Tax Returns.	75	74
	5.5.	Financial Statements.	76	74
	5.6.	Entity Names.	76	75
	5.7.	OSHA and Environmental Compliance.	76	75
	5.8.	Solvency; No Litigation, Violation, Indebtedness or Default; ERISA Compliance.	77	76
	5.9.	Patents, Trademarks, Copyrights and Licenses.	79	77
	5.10.	Licenses and Permits.	79	78
	5.12.	No Burdensome Restrictions.	80	78
	5.13.	No Labor Disputes.	80	78
	5.14.	Margin Regulations.	80	78
	5.15.	Investment Company Act.	80	78
	5.16.	Disclosure.	80	78
	5.19.	Application of Certain Laws and Regulations.	81	79
	5.20.	Business and Property of Note Parties.	81	79
	5.21.	Anti-Terrorism Laws.	81	79
	5.22.	Trading with the Enemy.	82	80
	5.23.	Federal Securities Laws.	82	80
	5.24.	Equity Interests.	82	80
	5.25.	Commercial Tort Claims.	83	81
	5.26.	Letter of Credit Rights.	83	81
	5.27.	Material Contracts.	83	81
	5.28.	Registration of Securities.	83	81
	5.29.	Private Offering.	83	81
	5.30.	Eligibility Requirements.	83	81
	5.31.	SEC Reports.	83	81
	VI.	AFFIRMATIVE COVENANTS.	84	81

    	 	 ii	 

60358086_160358086_13

     

    

 

	6.1.	[RESERVED].	 	81
	6.2.	Conduct of Business and Maintenance of Existence and Assets.	84	82
	6.3.	Violations.	84	82
	6.4.	Separateness.	 	82
	6.5.	Fixed Charge Coverage Ratio.	85	83
	6.6.	[RESERVED].	 	83
	6.7.	Payment of Indebtedness.	85	83
	6.8.	Standards of Financial Statements.	85	83
	6.9.	Federal Securities Laws.	85	83
	6.10.	Additional Guarantors; Further Assurances.	86	83
	6.11.	Designation of Subsidiaries.	87	85
	6.12.	Use of Proceeds.	88	85
	6.13.	USA PATRIOT Act Information.	88	85
	6.14.	Post-Closing Actions.	 	85
	6.15.	Fourth Amendment Post-Closing Actions.	 	86
	VII.	NEGATIVE COVENANTS.	88	86
	7.1.	Merger, Consolidation, Acquisition and Sale of Assets.	89	86
	7.2.	Creation of Liens.	90	88
	7.3.	Guarantees.	91	88
	7.4.	Investments.	91	88
	7.5.	Loans.	92	89
	7.7.	Distributions.	92	89
	7.8.	Indebtedness.	95	91
	7.9.	Nature of Business.	95	91
	7.10.	Transactions with Affiliates.	95	91
	7.12.	Fiscal Year and Accounting Changes.	96	92
	7.13.	Pledge of Credit.	96	92
	7.14.	Amendment of Organization Documents; Material Indebtedness.	96	92
	7.15.	Compliance with ERISA.	97	93
	7.16.	Prepayment of Subordinated Indebtedness.	98	93
	7.17.	Burdensome Agreements.	98	94
	7.18.	Anti-Terrorism Laws.	99	95
	7.19.	Trading with the Enemy Act.	100	95
	7.20.	Permitted Activities.	100	95
	VIII.	CONDITIONS PRECEDENT.	101	96
	8.1.	Conditions to Initial Purchase.	101	96
	8.2.	Conditions to Delayed Draw Notes Purchase.	104	99
	8.3.	Conditions to Each Notes Purchase.	105	100
	IX.	INFORMATION AS TO NOTE PARTIES.	106	100

    	 	 iii	 

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	9.1.	Disclosure of Material Matters.	106	100
	9.2.	Environmental Reports.	106	101
	9.3. 	Litigation.	106	101
	9.4.	Material Occurrences; Material Contracts.	107	101
	9.5.	Parent Financials.	107	101
	9.6.	Annual Financial Statements.	107	102
	9.7.	Quarterly Financial Statements.	108	102
	9.8.	Monthly Financial Statements.	108	102
	9.9.	Other Reports.	108	103
	9.10.	Additional Information.	109	103
	9.11.	Projected Operating Budget.	109	103
	9.12.	Variances From Operating Budget.	109	104
	9.13.	Reserved.	109	104
	9.14.	ERISA Notices and Requests.	110	104
	9.15.	Unrestricted Subsidiaries.	111	105
	9.16.	Additional Documents.	111	105
	X.	EVENTS OF DEFAULT.	111	105
	10.1.	Nonpayment.	111	105
	10.2.	Breach of Representation.	111	106
	10.3.	Financial and other Information.	111	106
	10.4.	Judicial Actions.	112	106
	10.5.	Noncompliance.	112	106
	10.6.	Judgments.	112	106
	10.7.	Bankruptcy.	112	107
	10.8.	Inability to Pay.	113	107
	10.9.	[Reserved].	113	107
	10.10.	Lien Priority.	113	107
	10.11.	Cross Default.	113	107
	10.12.	Termination of Guaranty.	113	107
	10.13.	Change of Ownership.	113	107
	10.14.	Invalidity.	114	108
	10.15.	Reserved.	114	108
	10.16.	Reserved.	114	108
	10.17.	Reserved.	114	108
	10.18.	Pension Plans.	114	108
	XI.	PURCHASERS’ RIGHTS AND REMEDIES AFTER DEFAULT.	114	108
	11.1.	Rights and Remedies.	114	108
	11.2.	Purchaser’s Discretion.	116	110
	11.3.	Setoff.	116	110
	11.4.	Rights and Remedies not Exclusive.	116	110
	11.5.	Equity Cure Right.	117	110
	11.6.	Allocation of Payments After Event of Default.	117	111

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60358086_160358086_13

     

    

 

	XII.	WAIVERS AND JUDICIAL PROCEEDINGS.	118	112
	12.1.	Waiver of Notice.	118	112
	12.2.	Delay.	118	112
	12.3.	Jury Waiver.	118	112
	XIII.	EFFECTIVE DATE AND TERMINATION.	119	112
	13.1.	Term.	119	112
	13.2.	Termination.	119	113
	XIV.	REGARDING AGENT.	119	113
	14.1.	Appointment.	119	113
	14.3.	Nature of Duties and Exculpatory Provisions.	121	115
	14.4.	Lack of Reliance on Agent and Resignation.	123	117
	14.5.	Reliance.	124	118
	14.6.	Indemnification.	125	119
	14.7.	Delivery of Documents.	126	119
	14.8.	No Reliance on Agent’s Customer Identification Program.	126	119
	14.9.	Agent May File Proof of Claim.	126	119
	XV.	GUARANTY.	127	120
	15.1.	Guarantee of Obligations.	127	120
	15.2.	Continuing Obligation.	127	120
	15.3.	Waivers with Respect to Obligations.	128	121
	15.4.	Purchasers’ Power to Waive, etc.	128	122
	15.5.	Information Regarding the Issuer, etc.	129	122
	15.6.	Certain Guarantor Representations.	130	123
	15.7.	Subrogation.	130	123
	15.8.	Subordination.	131	124
	15.9.	Contribution Among Guarantors.	131	124
	XVI.	MISCELLANEOUS.	131	124
	16.1.	Governing Law.	131	124
	16.2.	Entire Understanding.	132	125
	16.3.	Successors and Assigns; Participations; New Purchasers.	134	127
	16.4.	Application of Payments.	140	133
	16.5.	Indemnity.	140	133
	16.6.	Notice.	141	134
	16.7.	Survival.	143	136
	16.8.	Severability.	143	136
	16.9.	Expenses.	143	136
	16.10.	Injunctive Relief.	144	136
	16.11.	Consequential Damages.	144	137

 

 

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	16.12.	Captions.	144	137
	16.13.	Counterparts; Facsimile Signatures.	144	137
	16.14.	Construction.	144	137
	16.15.	Confidentiality; Sharing Information.	144	137
	16.16.	Publicity.	145	138
	16.17.	Certifications From Banks and Participants; USA PATRIOT Act.	145	138
	16.18.	INTERCREDITOR AGREEMENT.	146	138
	XVII.	REPRESENTATION AND WARRANTIES OF THE PURCHASERS.	147	140
	17.1.	Legal Capacity; Due Authorization.	147	140
	17.2.	Restrictions on Transfer.	147	140
	17.3.	Accredited Investor, etc.	148	140
	XVIII.	REGISTERED INVESTMENT COMPANIES	149	141
	 	 	 	 
	XVIII.	REGISTERED INVESTMENT COMPANIES. Error! Bookmark not defined.

 

 

 

 

 

    	 	 vi	 

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LIST OF EXHIBITS AND SCHEDULES

Exhibits

 

Exhibit ATerm Note

Exhibit BDelayed Draw Note

Exhibit CIntercreditor Agreement

Exhibit DPledge Agreement

Exhibit 1.2Compliance Certificate

Exhibit 5.5(b)Financial Projections

Exhibit 6.10Additional Guarantor Supplement

Exhibit 8.1(g)Solvency Certificate

Exhibit 16.3(c) Assignment and Assumption

Exhibit 16.3(d)(A) Affiliated Purchaser
Assignment and Assumption

Exhibit 16.3(d)(B) Affiliated Purchaser
Notice

Exhibit EForm of Fracking Fleet Maintenance
Report

Exhibit FFracking Fleet Preservation Program

 

Schedules

 

Schedule APIMCO Purchasers

Schedule BGuggenheim Purchasers

Schedule 1.1Commitments

Schedule 1.2 Permitted Encumbrances

Schedule 1.3Pledged Equity

Schedule 1.4Closing Date Guarantors

Schedule 4.5
Leasehold Interests; Location of Note Parties; Ownership of Collateral; Place of Business, Chief Executive Office, Real Property

Schedule 4.14Vehicles

Schedule 4.15(i)Deposit Accounts, Securities
Accounts and Investment Accounts

Schedule 5.1Consents

Schedule 5.2(a) States of Formation and
Qualification and Good Standing

Schedule 5.2(b) Subsidiaries

Schedule 5.4Federal Tax Identification
Number

Schedule 5.6 Prior Names

Schedule 5.8(b) Litigation

Schedule 5.8(d) Plans

Schedule 5.9 Intellectual Property

Schedule 5.10 Licenses and Permits

Schedule 5.24Equity Interests

Schedule 5.25Commercial Tort Claims

Schedule 5.26Letter of Credit Rights

Schedule 5.27Material Contracts

Schedule 5.28Registered Securities

Schedule 6.14Post-Closing Actions

Schedule 7.3 Guarantees

Schedule 7.4Permitted Investments

    
	 	 vii	 

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Schedule 7.8Indebtedness

Schedule 7.17Existing Agreements

Schedule 7.20Permitted Activities

 

 

 

 

 

 

 

    
	 	 viii	 

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NOTE PURCHASE AGREEMENT

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

RECITALS:

WHEREAS, the Issuer
desires to issue and sell to the Purchasers on the Closing Date, and the Purchasers have agreed to purchase on the Closing Date,
pursuant to this Agreement, the Issuer’s Senior Secured Notes due August 8, 2019 (the “Term Notes”) in
the aggregate original stated principal amount of $150,000,000, in the form attached hereto as Exhibit A; and

WHEREAS, the Issuer
desires to issue and sell to the Purchasers from time to time during the Delayed Draw Availability Period, and the Purchasers have
agreed to purchase during such period, pursuant to this Agreement, the Issuer’s Senior Secured Notes due August 8, 2019 (the
“Delayed Draw Notes”) in an aggregate original stated principal amount not to exceed $50,000,000, in the form
attached hereto as Exhibit B.

IN CONSIDERATION
of the mutual covenants and undertakings herein contained, each of the Note Parties, the Purchasers and Agent hereby agree as follows:

		I.	DEFINITIONS.

1.1.       Accounting
Terms. As used in this Agreement, the other Note Documents or any certificate, report or other document made or delivered
pursuant to this Agreement or the other Note Documents, accounting terms not defined in Section 1.2 or elsewhere in this Agreement
and accounting terms partly defined in Section 1.2 to the extent not defined, shall have the respective meanings given to them
under GAAP; provided, however, whenever such accounting terms are used for the purposes of determining compliance with financial
covenants in this Agreement, such accounting terms shall (a) be defined in accordance
with GAAP as applied in preparation of (x) prior to December 31, 2016,
the audited financial statements of KGH and its consolidated Subsidiaries provided to the Purchasers prior to the Closing
Date for the Fiscal Year ended on or about December 31, 2013 and (y) on and after December 31, 2016,
the audited financial statements of Holdings and its consolidated Subsidiaries to be provided to the Purchasers in accordance
with Section 9.6 and (b) be subject to the Financial Statement Reconciliations. If at any time any change in GAAP would
affect the computation of any financial covenant or requirement set forth in the Agreement or any other Note Document, and either
the Issuer or the Required Purchasers so request, the Required Purchasers and Issuer shall negotiate in good faith to amend such
covenant or requirement to preserve the original intent thereof in light of such

    

 

    
 

    

change in GAAP; provided
that, until so amended, (a) such covenant or requirement will continue to berequirement will continue to be determined
in accordance with GAAP prior to such change, and (b) Issuer shall provide to the Purchasers financial statements and other documents
required under this Agreement or as reasonably requested by the Required Purchasers setting forth a reconciliation between calculations
of such covenant or requirement made both before and after giving effect to such change in GAAP.

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

1.2.       General
Terms. For purposes of this Agreement the following terms shall have the following meanings:

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

“ABL
Equipment Spare Parts” means (x)
any and all spare parts actually used
and installed in/incorporated into any ABL Equipment
in connection with the repair or maintenance
of such ABL Equipment, and (y) any and
all spare parts purchased by any Note Party for the specific purpose of being used and installed in/incorporated
into any ABL Equipment in connection
with the repair and maintenance of such
ABL Equipment.

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

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

  

    
	 	 2	 

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(b)       Indebtedness
secured by a Lien encumbering any asset acquired by such specified Person.

“Additional
Purchaser” shall mean any Person that is not an existing Purchaser and has agreed to provide Incremental Commitments
pursuant to Section 2.7(c).

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

“Agent”
shall have the meaning set forth in the preamble to this Agreement and shall include its successors and assigns.

“Agent
Fee Letter” means the letter agreement dated August 8, 2014 by and between the Issuer and Agent relating to the fees
payable by the Issuer to Agent in connection with this Agreement and the other Note Documents.

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

“All-In
Yield” means, as to any Indebtedness, the yield thereof, whether in the form of interest rate, margin, OID, upfront fees,
a eurocurrency or base rate floor, or other similar financial consideration, in each case, incurred or payable by the Issuer generally
to all holders of such Indebtedness; provided that OID and upfront fees shall be equated to an interest rate assuming a
4-year life to maturity (e.g. 100 basis points of OID equals 25 basis points of interest rate margin for a four year average life
to maturity); and provided, further, that “All-In Yield” shall not include arrangement fees, structuring fees,
underwriting fees and similar fees not paid generally to all holders in the primary syndication or purchase of such Indebtedness.

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

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

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

“Applicable
Law” shall mean all laws, rules and regulations applicable to the Person, conduct, transaction, covenant, Note Document
or contract in question, including all applicable common law and equitable principles, all provisions of all applicable state,
federal and foreign constitutions, statutes, rules, regulations, treaties, directives and orders of any Governmental Body, and
all orders, judgments and decrees of all courts and arbitrators.

“Applicable
Rate” shall mean a percentage per annum equal to 7.50%.

“Appraisal
Report” shall mean that certain appraisal report of the Appraiser entitled “Keane Group Holdings, LLC / Trican
Well Service, L.P. Oil and Gas Industry Equipment Appraisal Report – January 2016, Effective December 8, 2015”.

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

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

“Assignment
and Assumption” shall mean a document in the form of Exhibit 16.3 hereto, properly completed and otherwise in form and
substance satisfactory to Agent and the Required Purchasers by which the new Purchaser purchases and assumes a portion of the obligation
of the Purchasers to purchase or otherwise hold Notes under this Agreement.

“Attributable
Indebtedness” shall mean, on any date, (a) in respect of any Capitalized Lease of any Person, the capitalized amount
thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP and (b) in respect
of any lease that is not a Capitalized Lease entered into in connection with any Sale-Leaseback Transaction by any Person, the
capitalized amount of the remaining lease payments under such lease that would appear on a balance sheet of such Person prepared
as of such date in accordance with GAAP if such lease were accounted for as a Capitalized Lease.

  

 

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

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

“Bankruptcy
Law” shall
mean the Bankruptcy
Code and any
other liquidation,
conservatorship,
bankruptcy,
assignment
for the benefit
of creditors, moratorium,
rearrangement,
receivership,
insolvency,
reorganization
or similar debtor
relief law
of the United States
or any other
applicable jurisdiction
from time to time in effect
and affecting
the rights
of creditors
generally.

“Blocked
Person” shall have the meaning set forth in Section 5.21(b) hereof.

“Board
of Directors” means, for any Person, the board of directors or other governing body of such Person or, if such Person
does not have such a board of directors or other governing body and is owned or managed by a single entity, the Board of Directors
of such entity, or, in either case, any committee thereof duly authorized to act on behalf of such Board of Directors. Unless otherwise
provided, “Board of Directors” means the Board of Directors of the Issuer.

“Business
Day” shall mean any day other than Saturday, Sunday or other day on which commercial banks in New York City are authorized
or required by law to remain closed.

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

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

“Capitalized
Leases” shall mean all leases that have been or are required to be, in accordance with GAAP, recorded as capitalized
leases.

“Cash Equivalents”
shall mean, to the extent owned by Holdings, the Issuer or any Restricted Subsidiary, those investments set forth in clauses (a)
through (d) of Section 7.4.

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

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

  

    
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“CFC Holdco”
means any Domestic Subsidiary that has no material assets other than Equity of one or more Foreign Subsidiaries that are CFCs or
any other Domestic Subsidiary that itself is a CFC Holdco.

“Change
of Control” shall mean (a) the occurrence of any event (whether in one or more transactions) which results in (i) so
long as financial statements of KGH and its consolidated Subsidiaries are being provided in lieu of financial statements of Holdings
and its consolidated Subsidiaries in accordance with Section 9.5, any Person other than KGH directly owning beneficially or of
record any Equity Interest in Holdings, (ii) any Person (other than Holdings or a Restricted Subsidiary) directly owning beneficially
or of record any Equity InterestKGI ceasing to own beneficially and of record, directly
or indirectly, 100.0% the Equity Interests in the Issuer, (iiiii)
a transfer of control of Holdings to a (1) Person (other than an Original Owner) or (2) Persons (other than Original Owners)
constituting a “group” (within the meaning of Rule 13d-5 of the Exchange Act) or (ivor
(iii) any Person other than the Issuer or Keane Frac GP, LLCa
Note Party directly owning beneficially or of record any Equity Interest in Keane Frac, LP, except
as otherwise permitted by this Agreement, (b) any merger or consolidation of or with the Issuer, except as otherwise permitted
by this Agreement, (c) the sale of all or substantially all of the property or assets of the Issuer, except as otherwise permitted
by this Agreement or (d) any “Change of Control” (or any comparable term) in any document pertaining to (A) the Revolving
Credit Facility, or (B) the First Lien Term Loan Agreement or
(C) any other Indebtedness in excess of the Threshold Amount to which any Note Party or any Restricted Subsidiary is
party. For purposes of this definition, “control of Holdings” shall mean the power, direct or indirect, (x)
to vote 50any Person (other than an Original Owner) or Persons (other than Original Owners)
constituting a “group” (within the meaning of Rule 13d-5 of the Exchange Act) becomes the “beneficial owner”
(as defined in Rules 13d-3 and 13d-5 of the Exchange Act), directly or indirectly, of 35.0% or more of the issued
and outstanding Equity Interests having ordinary voting power for the election of directors (or the individuals performing
similar functions) of Holdings or (y) to appoint a majority of the members of the board of directors of Holdings by contract
or otherwise.and the percentage of ordinary voting power so held is greater than the percentage
of the ordinary voting power represented by the Equity Interests of Holdings beneficially owned, directly or indirectly, in the
aggregate by the Original Owners (it being understood and agreed that for purposes of measuring beneficial ownership held by any
Person that is not an Original Owner, Equity Interests held by any Original Owner will be excluded).

“Charges”
shall mean all taxes, charges, fees, imposts, levies or other assessments, including all net income, gross income, gross receipts,
sales, use, ad valorem, value added, transfer, franchise, profits, inventory, capital stock, license, withholding, payroll, employment,
social security, unemployment, excise, severance, stamp, occupation and property taxes, custom duties, fees, assessments, liens,
claims and charges of any kind whatsoever, together with any interest and any penalties, additions to tax or additional amounts,
imposed by any taxing or other authority, domestic or foreign, upon the Collateral or any Note Party or any Restricted Subsidiary.

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

 

    
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have the
same terms and conditions and (ii) with respect to Purchasers, those of such Purchasers that have Notes of a particular Class.
For the avoidance of doubt, the Term Notes and the Delayed Draw Notes shall be treated as the same Class for all purposes of this
Agreement.

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

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

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

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

“Collateral”
shall mean and include:

(a)       all
Receivables;

(b)       all
Equipment;

(c)       all
General Intangibles;

(d)       all
Money and Deposit Accounts;

(e)       all
Intellectual Property;

(f)       all
Inventory;

(g)       all
Investment Property;

(h)       all
Real Property;

(i)       all
Pledged Equity;

(j)       all
of each Note Party’s right, title and interest in and to, whether now owned or hereafter acquired and wherever located;
(i) its respective goods and other property including, but not limited to, all merchandise returned or rejected by Customers,
relating to or securing any of the Receivables; (ii) all of each Note Party’s rights as a consignor, a consignee, an unpaid
vendor, mechanic, artisan, or other holder of a lien, including stoppage in transit, setoff, detinue, replevin, reclamation and
repurchase; (iii) all additional amounts due to any Note Party from any Customer relating to the Receivables; (iv) other property,
including warranty claims, relating to any goods securing the Obligations; (v) all of each Note Party’s contract rights,
rights of payment which have been earned under a contract right, instruments (including promissory notes), documents,

    
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chattel
paper (including electronic chattel paper), warehouse receipts, deposit accounts, letters of credit and money; (vi) all commercial
tort claims (whether now existing or hereafter arising); (vii) if and when obtained by any Note Party, all real and personal property
of third parties in which such Note Party has been granted a lien or security interest as security for the payment or enforcement
of Receivables; (viii) all letter of credit rights (whether or not the respective letter of credit is evidenced by a writing);
(ix) all supporting obligations; and (x) any other goods, personal property or real property now owned or hereafter acquired in
which any Note Party has expressly granted a security interest or may in the future grant a security interest to Agent hereunder,
or in any amendment or supplement hereto or thereto, or under any other agreement between Agent and any Note Party;

(k)       all
of each Note Party’s ledger sheets, ledger cards, files, correspondence, records, books of account, business papers, computers,
computer software (owned by any Note Party or in which such Note Party has an interest), computer programs, tapes, disks and documents
relating to clauses (a), (b), (c), (d), (e), (f), (g) or (h) of this definition; and

(l)       all
proceeds and products of clauses (a), (b), (c), (d), (e), (f), (g), (h) and (i) of this definition in whatever form, including,
but not limited to: cash, deposit accounts (whether or not comprised solely of proceeds), certificates of deposit, insurance proceeds
(including hazard, flood and credit insurance), negotiable instruments and other instruments for the payment of money, chattel
paper, security agreements, documents, eminent domain proceeds, condemnation proceeds and tort claim proceeds.

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

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

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

“Commercial
Agreements” shall mean, collectively, (i) the contracts with Customers that relate to oil field services and related
activities and to ancillary, supplementary and complementary lines of business and that provide any source of Operating Revenue
and (ii) any other material agreements related to the business and operations of Holdings and its Restricted Subsidiaries.

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

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

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

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

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

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

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

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

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

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

 

    
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(b)       the
cumulative amount of cash and Cash Equivalent proceeds from (x) the sale of Equity Interests (other than Disqualified Equity Interests)
of or from capital contributions (other than for Disqualified Equity Interests) to Holdings, in each case, after the Closing Date
and on or prior to such time (including upon exercise of warrants or options but excluding any amount used for an Equity Cure),
in each case as long as the proceeds thereof have been contributed as common equity to the capital of the Issuer, and (y) the
issuance of Subordinated Indebtedness after the Closing Date; plus

(c)       an
amount equal to any returns in cash and Cash Equivalents (including dividends, interest, distributions, returns of principal,
profits on sale, repayments, income and similar amounts) actually received by the Issuer or any Restricted Subsidiary in respect
of any investments, advances, loans or extensions of credit made pursuant to Section 7.4(g) and 7.5(e), plus

(d)       any
Retained Declined Proceeds not used to optionally prepay the Notes pursuant to Section 2.4(a) (or,
prior to the Fifth Amendment Closing Date, otherwise
applied to repay the First Lien Term Loan Debt), minus

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

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

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

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

“Customer”
shall mean and include the account debtor with respect to any Receivable and/or the prospective purchaser of goods, services or
both with respect to any contract or contract right, and/or any party who enters into or proposes to enter into any contract or
other arrangement with any Note Party, pursuant to which such Note Party is to deliver any personal property or perform any services.

“Customer
Real Property” shall have the meaning set forth in Section 4.19(a) hereof.

“Debtor
Relief Laws” shall mean the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy,
assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor
relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors
generally.

 

    
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“Declined
Proceeds” shall have the meaning set forth in Section 2.5(f) hereof.

“Default”
shall mean an event, circumstance or condition which, with the giving of notice or passage of time or both, would constitute an
Event of Default.

“Default
Rate” shall have the meaning set forth in Section 3.1(c) hereof.

“Defaulting
Purchaser” shall mean, subject to Section 2.8(b), any Purchaser that (a) has refused (which refusal may be given
verbally or in writing to the Issuer and has not been retracted) or failed to perform any of its purchase obligations hereunder,
including in respect of its Notes, which refusal or failure is not cured within one (1) Business Day after the date of such refusal
or failure, (b) has notified the Issuer that it does not intend to comply with its purchase obligations or has made a public statement
to that effect with respect to its purchase obligations hereunder, (c) has failed, within three (3) Business Days after request
to such Purchaser by the Issuer, to confirm that it will comply with its purchase obligations (provided that such Purchaser
shall cease to be a Defaulting Purchaser pursuant to this clause (c) upon receipt of such written confirmation by the Issuer),
or (d) prior to its purchase obligations hereunder having been satisfied (or the relevant Commitments having been terminated)
with respect to the Term Notes and the Delayed Draw Notes, has, or has a direct or indirect parent company that has, after the
date of this Agreement, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator,
trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of
its business or a custodian appointed for it, or (iii) taken any action in furtherance of, or indicated its consent to, approval
of or acquiescence in any such proceeding or appointment; provided that a Purchaser shall not be a Defaulting Purchaser
solely by virtue of the ownership or acquisition of any equity interest in that Purchaser or any direct or indirect parent company
thereof by a Governmental Body so long as such ownership interest does not result in or provide such Purchaser with immunity from
the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets
or permit such Purchaser (or such Governmental Body) to reject, repudiate, disavow or disaffirm any contracts or agreements made
with such Purchaser.

“Delayed
Draw Availability Period” means the period from but excluding the Closing Date to but including the first anniversary
of the Closing Date.

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

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

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

 

    
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“DIP
Financing”
shall mean any
financing
obtained
under Section
363 or Section 364 of the Bankruptcy
Code or any
similar provision
of any other
Bankruptcy
Law.

“Disqualified
Equity Interests” shall mean any Equity Interest that, by its terms (or by the terms of any security or other Equity
Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures
or is mandatorily redeemable (other than solely for Equity Interests not constituting Disqualified Equity Interests, including
Qualified Preferred Stock, and cash payments in lieu of the issuance of fractional shares), pursuant to a sinking fund obligation
or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence
of a change of control or asset sale event shall be subject to the prior repayment in full of the Notes and all other Obligations
that are accrued and payable and the termination of the Commitments), (b) is redeemable at the option of the holder thereof, in
whole or in part (other than solely for Equity Interests not constituting Disqualified Equity Interests, including Qualified Preferred
Stock, and cash payments in lieu of the issuance of fractional shares other than as a result of a change of control or asset sale
so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to
the prior repayment in full of the Notes and all other Obligations that are accrued and payable and the termination of the Commitments),
in whole or in part, (c) provides for the scheduled payments of dividends in cash prior to the repayment in full of the Notes
and all other Obligations that are accrued and payable and the termination of the Commitments, or (d) is or becomes convertible
into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each
case, prior to the date that is ninety-one (91) days after the Latest Maturity Date at the time of issuance of such Equity Interests.

“Disqualified
Person” means
the Persons that
have been
specified
in writing by
the Issuer
to the Agent
on or prior
to the effective
date of the Third Amendment
(other than
with respect
to competitors
of the Issuer,
which shall have
been specified
in writing by the Issuer
to the Agent
on or prior to the Subject
Transaction Effective
Date)
and any
Affiliates
of such Persons
that are readily
identifiable
as such on the
basis of their name.

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

“Domestic
Subsidiary” shall mean any Subsidiary that is organized under the laws of the United States, any state thereof or the
District of Columbia.

“Earnings
Before Interest and Taxes” shall mean for any period the sum of (a) net income (or loss) of Holdings on a Consolidated
Basis for such period, plus (b) without duplication and to the extent reflected in arriving at such net income (or loss)
the sum of (i) all interest expense, minus all interest income earned, in each case of or by Holdings on a Consolidated Basis
for such period, (ii) all charges against income of Holdings on a Consolidated Basis for such period for federal, state and local
taxes, (iii) all extraordinary, unusual or non-recurring losses or charges (including severance, relocation, restructuring, litigation
settlements or losses and fees and expenses incurred in connection with the commencement of operations or a new business of the
Issuer or any of its Restricted Subsidiaries), provided, that the aggregate amount of losses or charges added back

    
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pursuant to this clause (iii) for
any Fiscal Year, together with the aggregate amount of pro forma adjustments in the form of cost savings, operating expense
reductions or synergies increasing EBITDA for purposes of any pro forma calculation under this Agreement for such Fiscal
Year, shall not exceed (w) $12,000,000 for the Fiscal Year ending December 31, 2015, (x) $17,500,000 for the Fiscal Year
ending December 31, 2016 and (y) $12,800,000 for each Fiscal Year ending after December 31, 2016, (iv) all losses realized
upon the disposition of assets outside of the Ordinary Course of Business, (v) all losses attributable to the early
extinguishment of Indebtedness or acquisition accounting (including (x) the effect of any non-cash items resulting from any
amortization, write-down or write-off of assets, including intangible assets, goodwill and deferred financing costs and (y)
in connection with the transactions contemplated by this Agreement or any Permitted Acquisition or any similar transaction
permitted pursuant to Section 7.4), and (vi) all non-cash compensation charges, including any such charges arising from stock
options, restricted stock grants or other equity incentive programs less (c) the sum of (i) all extraordinary, unusual
or non-recurring gains, (ii) all gains realized upon the disposition of assets outside of the Ordinary Course of
Business, and (iii) all income attributable to the early extinguishment of Indebtedness or acquisition accounting (including
(x) the effect of any non-cash items resulting from any amortization or write-up of assets (including intangible assets,
goodwill and deferred financing costs and (y) including in connection with the transactions contemplated by this Agreement,
any Permitted Acquisition or any similar transaction permitted pursuant to Section 7.4).

“Earnout”
shall mean, as to any Person at any time, any and all indebtedness, obligations or liabilities (whether matured or unmatured, liquidated
or unliquidated, direct or indirect, absolute or contingent, or joint or several) of such Person for or in respect of all obligations
of such Person for “earnouts,” purchase price adjustments, profit sharing arrangements, deferred purchase money amounts
and similar payment obligations or continuing obligations of any nature of such Person arising out of purchase and sale contracts;
provided, however, that for purposes of this definition, “Earnout” shall not include any consideration
or any other payments made or to be made to the Seller Companies (as defined in the Trican Asset Purchase Agreement) (or their
successors or assigns) under any Trican Acquisition Document in effect as of the Fourth Amendment Closing Date.

“EBITDA”
shall mean for any period the sum of (a) Earnings Before Interest and Taxes for such period, plus (b) without duplication
and to the extent reflected in arriving at net income (or loss) and not added back to Earnings Before Interest and Taxes, the sum
of (i) depreciation expenses for such period, (ii) amortization expenses for such period, including, without limitation, non-cash
amortization expenses of deferred financing costs, (iii) fees and expenses incurred in connection with (1) the Transactions and
the Subject Transactions, (2) the financing of any Capital Expenditures or the incurrence of Permitted Indebtedness, and (3) Permitted
Acquisitions, (iv) unrealized losses under any interest or currency Swap Contract, and (v) fees and expenses paid in cash to COAC
to the extent permitted under Section 7.10(b) hereof minus (c) unrealized gains under any interest or currency Swap Contract.
To the extent any provision of this Agreement permits the calculation of EBITDA on a pro forma basis (whether for calculating the
Leverage Ratio, Fixed Charge Coverage Ratio or any other test or ratio), the aggregate amount of all such pro forma adjustments
increasing EBITDA in the form of cost savings, operating expense reductions or synergies for any Fiscal Year, when added to the
aggregate amount added back pursuant to clause (iii) of the defined term “Earnings Before Interest and Taxes” for such
Fiscal Year, shall not exceed (w) $12,000,000 for the Fiscal Year ending December 31, 2015, (x) $17,500,000 for
the Fiscal Year ending December 31, 2016 and (y) $12,800,000 for each Fiscal Year ending after December 31, 2016.

 

    
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“ECF Account”
shall have the meaning provided in the definition of Excess Cash Flow.

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

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

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

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

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

“ERISA”
shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time and the rules and regulations promulgated
thereunder.

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

 

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

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

“Excess
Availability” shall mean, as of any date of determination, the amount equal to (a) the “UndrawnExcess
Availability” (as defined in the Revolving Credit Agreement as of the FourthSixth
Amendment Closing Date) as of such date plus (b) the aggregate amount of un-Restricted cash and Cash Equivalents,
of Holdings and the Restricted Subsidiaries on deposit as of such date in any and all bank accounts in the name of Holdings and
its Restricted Subsidiaries and subject to a control agreement in favor of the Agent (solely to the extent such amount of un-Restricted
cash and Cash Equivalents have not been included in the Formula Amount (as defined in the Revolving Credit Agreement)
set forth on any Borrowing Base CertificateLoan Cap (as defined in the Revolving
Credit Agreement)).

“Excess
Cash Flow” shall mean, for any Excess Cash Flow Period, the sum of (i) the excess of (a) the aggregate amount of cash,
Cash Equivalents and other investments on deposit in the deposit, securities and other accounts of Holdings and its Restricted
Subsidiaries other than amounts on deposit in (1) the Keane Completions Account and (2) the Other Excepted Accounts (such accounts,
other than those referenced in sub-clauses (1) and (2) above, the “ECF Accounts”) as of the last day of the
applicable Excess Cash Flow Period over (b) the aggregate amount of cash, Cash Equivalents and other investments on deposit in
all ECF Accounts as of the beginning of the first day of such Excess Cash Flow Period, after giving pro forma effect to the aggregate
reduction in cash in such ECF Accounts to fund the mandatory prepayment made during such Excess Cash Flow Period to satisfy the
requirements of Section 2.5(c) (or the corresponding provision of the First Lien Term Loan Agreement) with respect
to the immediately preceding Excess Cash Flow Period and excluding any amounts on deposit in the ECF Accounts to the extent such
amounts constitute cash proceeds subject to mandatory prepayment in accordance with Sections 2.5(a) and (d) (or subject
to the mandatory prepayment requirements of the First Lien Term Loan Agreement) and (ii) the aggregate amount of Growth
Capital Expenditures to the extent such Growth Capital Expenditures do not constitute (x) Growth Capital Expenditures

    
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consented to by the Required Purchasers
or (y) Growth Capital Expenditures funded with the cash proceeds from any capital contribution or any sale, issuance offering
or placement of Equity Interests (other than Disqualified Equity Interests) of the Issuer. Notwithstanding
anything to the contrary herein, for the avoidance of doubt, any cash proceeds received in connection with the issuance of common
equity of KGI as part of the KGI Initial Public Offering shall not constitute Excess Cash Flow.

“Excess
Cash Flow Period” shall mean (i) with respect to the repayment required on the Excess Cash Payment Date in respect of
the Fiscal Year of Holdings ending December 31, 2016, the period from the Fourth Amendment Closing Date to December 31, 2016 (taken
as one accounting period) and (ii) with respect to the repayment required on each successive Excess Cash Payment Date, the immediately
preceding Fiscal Year of Holdings, but in all cases for purposes of calculating the Cumulative Retained Excess Cash Flow Amount
shall only include such Fiscal Years for which financial statements and a Compliance Certificate have been delivered in accordance
with Section 9.6 and for which any prepayments required by Section 2.5(c) (if any) have been made (it being understood that the
Retained Percentage of Excess Cash Flow for any Excess Cash Flow Period shall be included in the Cumulative Retained Excess Cash
Flow Amount regardless of whether a prepayment is required by Section 2.5(c)). Notwithstanding anything to the contrary
herein, for the avoidance of doubt, any cash proceeds received in connection with the issuance of common equity of KGI as part
of the KGI Initial Public Offering shall not constitute Excess Cash Flow.

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

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

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

 

    
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“Excluded
Subsidiary” means (a) any Foreign Subsidiary, (b) any Unrestricted Subsidiary, (c) any CFC Holdco, (d) any Domestic
Subsidiary that is a direct or indirect Subsidiary of a Foreign Subsidiary that is a CFC and (e) any Domestic Subsidiary whose
assets consist solely of its ownership interest in one or more CFCs. Notwithstanding anything to
the contrary provided herein, no Person that, directly owns any Equity Interest in the Issuer shall constitute an Excluded Subsidiary.

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

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

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

“Fifth
Amendment” means that certain Fifth Amendment to this Agreement, dated as of January 25, 2017.

“Fifth
Amendment Closing Date” shall mean the date on which all conditions precedent to the effectiveness of the Fifth Amendment
shall have been satisfied or waived in writing by the Agent.

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

“Fiscal
Year” shall mean the fiscal year of Holdings and its Restricted Subsidiaries ending on December 31 of each calendar year.

“First
Lien Term Loan Agent” shall mean the agent under the First Lien Term Loan
Agreement.

“First
Lien Term
Loan
Agreement”
shall mean that
certain
Term Loan
Agreement, dated
as of the Subject
Transaction Effective
Date,
among the Issuer,
HoldingsIntermediate Holdco,
the guarantors
party thereto
and the lenders
and agents
party thereto,
as the same may
be amended,
restated,
modified, substituted,
extended,
replaced,
refinanced
or supplemented
from time to time,
in each case,
prior to the Fifth Amendment Closing Date and to the extent
permitted by
this Agreement
and the Notes/Term
Loan Intercreditor Agreement (as defined in the First
Lien Term Loan Agreement in effect as of the Fourth Amendment Closing Date).

 

    
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“First
Lien Term Loan Debt” shall mean the Indebtedness incurred by any Note Party under the First Lien Term Loan
Agreement.

“First
Lien Term
Loan Documents”
means the First
Lien Term
Loan Agreement
and all of the loan
documents made
or delivered from
time to time in connection therewith,
as any
such documents
may be amended,
restated,
modified, substituted,
extended,
replaced, refinanced
or supplemented
from time to time,
in each case,
prior to the Fifth Amendment Closing Date and to the extent
permitted by
this Agreement
and the Notes/Term
Loan Intercreditor Agreement.

(as
defined in “First Lien Term Loan Lenders” shall
mean the lenders from time to time party to the First Lien Term Loan Agreement in
effect as of the Fourth Amendment Closing Date).

“Fixed
Charge Coverage Ratio” shall mean and include, with respect to any fiscal period, the ratio of (a) (i) the sum of EBITDA
for such period, (ii) minus Unfunded Capital Expenditures made during such period, (iii) minus (and, for avoidance
of doubt, without duplication of any of the following) distributions (including tax distributions) and dividends pursuant to Section
7.7 made in cash during such period, (iv) minus cash taxes paid during such period and (v) minus cash payments made
in respect of Attributable Indebtedness to (b) all Fixed Charges, all calculated for Holdings on a Consolidated Basis. For purposes
of calculating the Fixed Charge Coverage Ratio (and Fixed Charges), such calculation shall be made on a pro forma basis so as to
give effect to any Permitted Acquisitions or any similar transactions permitted pursuant to Section 7.4 which have been consummated
and any Indebtedness (including for the avoidance of doubt the incurrence of Indebtedness under this Agreement) which shall have
been incurred, in each case during the relevant fiscal period as if such consummation or incurrence had occurred on the first day
of such period.

“Fixed
Charges” means the sum, determined on a consolidated basis, of (a) interest expense to the extent actually paid in cash
plus (b) scheduled payments of principal on Indebtedness (excluding in respect of any Attributable Indebtedness but including,
whether or not accounted for as a scheduled payment, cash payments made in respect of Earnouts).

"Force Majeure
Event” shall mean acts, occurrences, events and conditions beyond the reasonable control of the party claiming relief
on the basis of the occurrence of the Force Majeure Event which delays or renders impossible the performance of the Note Parties
of their obligations under Section 6.15 and which could not have been prevent or avoided by the Note Parties through the exercise
of due diligence, including acts of God, earthquakes, fires, floods, storms, and other sudden actions of the elements, insurrection,
terrorism, acts of war (whether declared or otherwise), and labor disputes affecting PennDOT (or the department of transportation
in the relevant jurisdiction, as applicable) and resulting in the cessation of the processing of certificates of title.

“Foreign
Subsidiary” of any Person, shall mean any Subsidiary of such Person that is not a Domestic Subsidiary.

“Fourth
Amendment” means that certain Fourth Amendment to this Agreement, dated as of March 15, 2016. 

    
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“Fourth
Amendment Closing Date” shall mean the date on which all conditions precedent to the effectiveness of the Fourth Amendment
shall have been satisfied or waived in writing by the Agent.

“Frac
Iron” shall mean all Equipment constituting new and unused "fluid ends".

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

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

“Fracking
Fleet Preservation Program” shall mean the maintenance program that addresses the repair, maintenance and storage of
each idle Fracking Fleet as more particularly described in Exhibit F.

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

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

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

“Growth
Capital Expenditures” shall mean Capital Expenditures of the Note Parties in connection with the purchase, construction
or other acquisition of new fixed assets (excluding any amounts (x) used to maintain, repair, renew, replace, retrofit, restore,
reorganize (i.e., repositioning of fixed assets), reconfigure, substitute or

    
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otherwise replace any fixed
assets, or required to be made in accordance with Applicable Law or any Governmental Body, (y) paid in connection with the
consummation of a Permitted Acquisition, or (z) funded with the proceeds of any issuance of Equity Interests not constituting
Disqualified Equity Interests or of any capital contributions to the Issuer).

“Guarantor”
shall mean (a) Holdings and (b) each Restricted Subsidiary of the IssuerHoldings
that is not an Excluded Subsidiary, including those Subsidiaries that are listed on Schedule 1.4 hereto and
any other Person who may hereafter guarantee payment or performance of the whole or any part of the Obligations and “Guarantors”
means collectively all such Persons. Any Restricted Subsidiary that is a borrower, a guarantor, or otherwise is an obligor under,
or has granted a Lien on its assets as credit support for, the Revolving Credit Facility or the First Lien Term Loan Debt
willshall also be a Guarantor of the Notes.

“Guaranty”
shall mean any guaranty of the Obligations by a Guarantor in favor of Agent for its benefit and for the ratable benefit of the
Purchasers, pursuant to this Agreement or any other agreement delivered in connection hereof.

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

“Hazardous
Discharge” shall mean, without limitation, any Release of a reportable quantity of any Hazardous Substances at the Real
Property or any Customer Real Property that would reasonably be expected to result in a Material Adverse Effect.

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

“Hazardous
Wastes” shall mean all waste materials subject to regulation under CERCLA, RCRA or comparable state law, and any other
applicable Environmental Laws relating to hazardous waste disposal.

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

“Holdings
on a Consolidated Basis” shall mean the consolidation in accordance with GAAP of the accounts or other items of the
IssuerHoldings and its Restricted Subsidiaries.

“Increased
Tax Burden” shall mean the additional federal, state or local taxes assumed to be payable by a (direct or indirect) member
or partner of any of the Note Parties and the Restricted Subsidiaries as a result of such Note Party’s or such Restricted
Subsidiary’s status as a limited liability company or limited partnership as evidenced and substantiated by the tax returns
filed by such Note Party or such Restricted Subsidiary as a limited liability company or limited partnership, as the case may be,
with such taxes being calculated for all (direct or indirect) members and partners, as the case may be, at the highest effective
marginal combined U.S.

 

    
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federal, state and local income
tax rate or rates applicable to any such member or partner, taking into account the character of the items of income, gain,
loss or deduction allocated to such member or partner, as the case may be.

“Incremental
Amendment” shall have the meaning set forth in Section 2.7(g).

“Incremental
Amendment Date” shall have the meaning set forth in Section 2.7(d).

“Incremental
Commitments” shall have the meaning set forth in Section 2.7(a).

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

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

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

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

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

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

 

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

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

“Interest
Payment Date” shall mean March 31, June 30, September 30 and December 31 of each year and the Maturity Date.

“Interest
Period” shall mean the period commencing on and including an Interest Payment Date and ending on and including the day
immediately preceding the next succeeding Interest Payment Date, with the exception that the first Interest Period shall commence
on and include the Closing Date and end on and include September 29, 2014.

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

“Internally
Generated Funds” shall mean any amount generated by the Issuer and its Restricted Subsidiaries representing, without
duplication, (i) Operating Revenue or (ii) the proceeds from the incurrence of Indebtedness under the Revolving Credit Agreement.

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

“Investment
Property” shall mean and include as to each Note Party, all of such Note Party’s now owned or hereafter acquired
securities (whether certificated or uncertificated), securities entitlements, securities accounts, commodities contracts and commodities
accounts.

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

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

    
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“Keane
Completions Account” shall mean the accounts, with account nos. 1148246
and 4023388, the name of Keane Completions maintained with the Royal Bank of Canada, with an aggregate amount therein not to exceed
$3,000,000.

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

“Keane
Investor” means Keane Investor Holdings, LLC, a Delaware limited liability company.

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

“KGI”
shall mean Keane Group, Inc., a Delaware corporation.

“KGI
Initial Public Offering” shall mean the initial public offering of the common Equity Interests of KGI.

“KGI
Stockholders' Agreement” means the Stockholders' Agreement, dated January 20, 2017, by and among KGI and the holders of
Equity Interests of KGI party thereto.

“Latest
Maturity Date” means, at any date of determination and with respect to the specified Notes, the latest Maturity Date
applicable to any Note hereunder at such time, including the latest maturity date of any Incremental Notes.

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

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

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

    
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“Lien Waiver
Agreement” shall mean an agreement which is executed in favor of Agent by a Person who owns or occupies premises at which
any Collateral may be located from time to time and by which such Person shall waive any Lien that such Person may have with respect
to any of the Collateral and shall authorize Agent to enter upon the premises to inspect or remove the Collateral from such premises
or to use such premises to store or dispose of such Inventory.

“Material
Adverse Effect” shall mean a material adverse effect on (a) the financial condition, results of operations, assets, business
or properties of Holdings on a Consolidated Basis, (b) any Note Party’s ability to duly and punctually pay or perform the
Obligations in accordance with the terms thereof, (c) the value of the Collateral, or Agent’s Liens on the Collateral or
the priority of any such Lien or (d) the Agent’s and each Purchaser’s rights and remedies available under this Agreement
and the other Note Documents.

“Material
Contract” shall mean any contract, agreement, instrument, lease or license, written or oral, entered into by any of the
Note Parties, which is material to the Note Parties’ business, taken as a whole, or which, the failure to comply with, would
reasonably be expected to result in a Material Adverse Effect.

“Material Real Property”
means any fee-owned Real Property owned by any Note Party that has a fair market value in excess of $1,000,000 (at the Closing
Date or, with respect to fee-owned Real Property acquired after the Closing Date, at the time of acquisition).

“Maturity
Date” shall mean (i) with respect to the Term Notes and the Delayed Draw Notes (if any), August 8, 2019 and (ii) with
respect to any Incremental Notes, the final maturity date as specified in the applicable Incremental Amendment; provided,
that in each case if such day is not a Business Day, the Maturity Date shall be the Business Day immediately succeeding such day.

“Maximum
Priority
First
Lien Loan
Amount” means (x)
$100,000,000, less the aggregate
amount of all repayments
of principal
of the loans made
under the First
Lien Term
Loan Agreement
on and after the Subject
Transaction
Effective
Date plus (y)
the aggregate
amount of all loans
made in connection
with any Protective
Advance or DIP
Financing,
in an aggregate
principal
amount not to exceed
$75,000,000 at any time outstanding.

“Minimum
Fracking Fleet Requirement” shall mean an aggregate amount of fracking rigs, trucks, pumps, a data van and other vehicles
and Equipment that, taken as a whole, could be deployed as at least twenty-two (22) Fracking Fleets, with each such Fracking Fleet
being capable of providing a Customer with a typical level of hydraulic fracturing services in accordance with the applicable Commercial
Agreement in any one location based upon historical operations of Holdings and its Restricted Subsidiaries and with each such Fracking
Fleet representing, on average, approximately 40,000 hydraulic horsepower.

“Mortgaged
Property” shall mean, initially, the Real Property owned in fee by any of the Note Parties as set forth on Schedule 4.5
and subsequently shall include any other Real Property owned in fee by any of the Note Parties which is encumbered (or required
to be encumbered) by a Mortgage pursuant to this Agreement.

    
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“Mortgages”
shall mean the mortgages, deeds of trust, deeds to secure debt or other similar documents securing Liens on the Material Real Property,
as well as the other Collateral secured by and described in the mortgages, deeds of trust, deeds to secure Indebtedness or other
similar documents.

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

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

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

“Net Cash
Proceeds” shall mean 100% of the cash proceeds actually received by Holdings or any of its Restricted Subsidiaries (including
any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price
adjustment receivable or otherwise and including casualty insurance settlements and condemnation awards, but in each case only
as and when actually received) from any Asset Sale or Recovery Event, after deducting (i) attorneys’ fees, accountants’
fees and banking fees (other than such fees payable pursuant to the Note Documents), (ii) payment of any obligations that are secured
by any Permitted Encumbrance, (iii) other customary expenses and brokerage, consultant and other customary fees actually incurred
in connection therewith, (iv) transfer taxes paid to any taxing authorities by the Note Parties in connection therewith, and (v) the
amount of any reasonable reserve established in accordance with GAAP against any adjustment to the sale price or any liabilities
(x) related to any of the applicable assets and (y) retained by Holdings or any of its Restricted Subsidiaries including, without
limitation, any indemnification obligations (however, the amount of any subsequent reduction of such reserve (other than in connection
with a payment in respect of any such liability) shall be deemed to be Net Cash Proceeds of such Asset Sale or Recovery Event occurring
on the date of such reduction). For purposes of calculating the amount of Net Cash Proceeds, fees, commissions and other costs
and expenses payable to the Note Parties or any of their Affiliates shall be disregarded.

“Note Documents”
shall mean (a) this Agreement, (b) the Notes, (c) the Perfection Certificate, (d) the Pledge Agreement, (e) the Intercreditor Agreement
and (f) any and all other agreements, instruments and documents, including any subordination agreements, intercreditor agreements,
guaranties, pledges, security agreement supplements, intellectual property security agreements, mortgages, collateral assignments,
powers of 

    
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attorney, consents or other
similar agreements executed in connection with this Agreement, now or hereafter executed by any Note Party and/or delivered
to Agent or any Purchaser in respect of the transactions contemplated by this Agreement.

“Note Increase” has
the meaning set forth in Section 2.7(a).

“Note
Parties” shall mean collectively (a) HoldingsIntermediate Holdco,
(b) the Issuer and, (c) on and after the Sixth
Amendment Closing Date, Holdings and KGH and (d) each other Guarantor (each, a “Note Party”).

“Notes
Collateral” shall have the meaning specified in the Intercreditor Agreement.

“Notes”
shall mean collectively the Term Notes, the Delayed Draw Notes and any Incremental Notes.

“Obligations”
shall mean and include any and all debts, liabilities, obligations, covenants and duties of any Note Party arising under this Agreement
or any other Note Document to the Purchasers or Agent of any kind or nature, present or future (including any interest or other
amounts accruing thereon, and any costs and expenses of any Person payable by the Note Parties and any indemnification obligations
payable by the Note Parties arising or payable after maturity, or after the filing of any petition in bankruptcy, or the commencement
of any insolvency, reorganization or like proceeding relating to any Note Party, whether or not a claim for post-filing or post-petition
interest or other amounts is allowable or allowed in such proceeding), whether or not for the payment of money, whether arising
by reason of an extension of credit, opening of a letter of credit, loan, equipment lease or guarantee, under any interest or currency
swap, future, option or other similar agreement, or in any other manner, whether arising out of overdrafts or deposit or other
accounts or electronic funds transfers (whether through automated clearing houses or otherwise) or out of Agent’s or any
Purchaser’s non-receipt of or inability to collect funds or otherwise not being made whole in connection with depository
transfer check or other similar arrangements, whether direct or indirect (including those acquired by assignment or participation),
absolute or contingent, joint or several, due or to become due, now existing or hereafter arising, contractual or tortious, liquidated
or unliquidated, regardless of how such indebtedness or liabilities arise or by what agreement or instrument they may be evidenced
or whether evidenced by any agreement or instrument, all of the foregoing and in any such case to the extent advanced to any Note
Party under, arising under or out of and/or related to this Agreement, the other Note Documents and any amendments, extensions,
renewals or increases thereto, including all costs and expenses of Agent and any Purchaser incurred in the documentation, negotiation,
modification, enforcement, collection or otherwise in connection with any of the foregoing, including but not limited to reasonable
attorneys’ fees and expenses and all obligations of any Note Party to Agent or the Purchasers to perform acts or refrain
from taking any action. For the avoidance of doubt, “Obligations” shall include any obligations arising under any Delayed
Draw Notes and Incremental Notes, as well as any Prepayment Premium payable hereunder.

“OID”
means original issue discount.

    
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“OLV”
shall mean, with respect to the Specified Assets, the orderly liquidation value of such asset as determined by Agent by reference
to the Appraisal Report.

“Operating
Revenue” shall mean cash amounts received by the Issuer or its Restricted Subsidiaries from any source other than (i)
the proceeds of any issuance of Equity Interests of, or capital contributions to, such Persons, (ii) the proceeds of any issuance
or incurrence of Indebtedness (other than the proceeds of incurrences of Indebtedness under the Revolving Credit Facility) or (iii)
the proceeds of the sale, transfer or other disposition of assets or any Recovery Event.

“Ordinary
Course of Business” shall mean, with respect to any Person, with respect to any line of business, the ordinary course
of such business of such Person as conducted from time to time in accordance with the business practices established by such Person
from time to time; provided such practices are not inconsistent in any material respect with general industry standards
then prevailing with respect to such business practices.

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

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

“Other
Excepted Account” shall mean each deposit, securities and other accounts of Holdings and its Restricted Subsidiaries
that the Agent has agreed in writing to designate as an Other Excepted Account upon the Issuer’s request.

“Parent”
of any Person shall mean a corporation or other entity owning, directly or indirectly at least 50% of the Equity Interests having
ordinary voting power to elect a majority of the directors of the Person, or other Persons performing similar functions for any
such Person.

“Participant”
shall have the meaning set forth in Section 16.3(b).

“Participant
Register” shall have the meaning set forth in Section 16.3(b).

“Payee”
shall have the meaning set forth in Section 3.9 hereof.

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

“PennDOT”
shall mean the Pennsylvania Department of Transportation or any successor thereto.

“Pension
Benefit Plan” shall mean at any time any “employee pension benefit plan” as defined in Section 3(2) of ERISA
(including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum
funding standards under Section 412, 430 or 436 of the Code and either (i) is maintained or to which contributions are required
by the Issuer or any member of the Controlled Group or (ii) has at any time within the preceding five years been maintained or
to which contributions have been required by the Issuer or any entity which was at such time a member of the Controlled Group.

“Perfection
Certificates” shall mean collectively, the Perfection Certificate delivered on the Closing Date and any other Perfection
Certificate issued or supplemented after the Closing Date, including the responses thereto provided by each Note Party and delivered
to Agent and the Purchasers.

“Permitted
Acquisitions” shall mean acquisitions of Equity Interests of another Person or of the assets of another Person constituting
all or substantially all of the assets of such Person or a business line or division of such Person, so long as: (a) the Issuer
has provided Agent and the Purchasers with (i) written notice of such acquisition at least ten (10) days prior to the expected
closing date of such acquisition (or such shorter notice as the Required Purchasers may otherwise agree) and (ii) such financial
and other information concerning any such acquisition as Agent or the Required Purchasers may reasonably request; (b) with respect
to the acquisition of (i) Equity Interests of another Person, such Person shall, immediately prior to such acquisition, be engaged
only in a business or businesses contemplated by Section 5.20, or similar or supplementary to a business or businesses contemplated
by Section 5.20 and (ii) with respect to the acquisition of any assets other than Equity Interests, the acquired property and
business(es) shall comprise a business or line of business, or a business unit or division of an ongoing business, which is the
same as, substantially similar or supplementary to the business or businesses contemplated by Section 5.20; (c) the Issuer shall
have complied with Section 6.10 and Agent shall have received a second-priorityfirst-priority
perfected security interest in all acquired assets and/or Equity Interests, as applicable, constituting Collateral
(or, to the extent constituting Revolving Credit Priority Collateral, a third-prioritysecond-priority
perfected security interest), subject to documentation satisfactory to Agent and the Required Purchasers (including,
if applicable, in the case of any acquisitions of Equity Interests in an entity other than a corporation, appropriate consents
from all other partners or members and amendments to organizational documents permitting a pledge thereof) (which documentation
shall provide for post-closing periods of not less than 45 days (or such longer period as agreed by the Required Purchasers))
for the delivery and/or perfection of security interests in Collateral (excluding (x) Pledged Equity with respect to which a Lien
may be perfected upon closing by the delivery of a stock or equivalent certificate and (y) a Lien on Collateral that may be perfected
by the filing of a financing statement under the Uniform Commercial Code; provided that the Issuer shall use commercially reasonable
efforts to perfect a Lien on Real Property constituting Collateral on the date of such closing); (d) the Board of Directors of
such Person shall have duly approved the transaction;

    
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(e) the Issuer shall have
delivered to Agent and the Purchasers (i) a pro forma balance sheet, pro forma financial statements and a certificate of
the Chief Financial Officer or Controller of the Issuer demonstrating that, after giving effect to the consummation of any
such acquisition, (1) Holdings on a Consolidated Basis shall be in pro forma compliance with Section 6.5 (whether or not in
effect) measured as of the end of the applicable Pro Forma Testing Period and calculated on a pro forma basis assuming that
such acquisition had been consummated (and that any transactions relating to such acquisition, including the incurrence of a
Qualified Earnout or any other Indebtedness, had been consummated) on the first day of such Pro Forma Testing Period (and
that all regularly scheduled interest and principal payments with respect to any such related Indebtedness had been paid
during such Pro Forma Testing Period), and (2) Holdings on a Consolidated Basis shall have a pro forma Leverage Ratio of not
greater than 3.50 to 1.00, measured as of the end of the applicable Pro Forma Testing Period and calculated on a pro forma
basis assuming that such acquisition had been consummated (and that any transactions relating to such acquisition, including
the incurrence of Indebtedness had been consummated) on the first day of such Pro Forma Testing Period (and that all
regularly scheduled interest and principal payments with respect to any such related Indebtedness had been paid during such
Pro Forma Testing Period), (ii) projections showing the projected calculation of the Fixed Charge Coverage Ratio for each
four-quarter fiscal period of the Issuer completed over the twelve-month period following the consummation of such
acquisition and related transactions (including any incurrence of a Qualified Earnout or any other Indebtedness) and (iii) a
certificate substantially in the form of Exhibit 8.1(g) attesting to the solvency of the Note Parties; and (f) both
immediately before and immediately after giving pro forma effect to such acquisition and related transactions, no Default or
Event of Default shall have occurred and be continuing or will occur and each of the representations and warranties made by
the Note Parties and the Restricted Subsidiaries in or pursuant to this Agreement and the other Note Documents (including, if
applicable, as such representations and warranties apply to such newly acquired Subsidiary or newly acquired assets) shall be
true and correct in all material respects (except to the extent any such representation or warranty (x) is already qualified
as to materiality or the occurrence of a Material Adverse Effect, in which case each such representation or warranty so
qualified shall be true and correct in all respects on and as of such date as if made on and as of such date or (y) relates
to a particular date specified therein, in which case such representation shall be true and correct as of such specified
date) and the certificate referred to in clause (e) above shall include a certification as to the same; provided, that
the conditions set forth in this clause (f) may be limited to the extent agreed to (A) by the applicable Incremental
Purchasers pursuant to Section 2.7(d)(i) in connection with any purchase and sale of Incremental Notes and (B) by the
Purchasers in connection with any purchase and sale of Delayed Draw Notes.

“Permitted
Encumbrances” shall mean (a) (1) Liens created under any Note Document in favor of Agent for the benefit of the Purchasers,
and (2) subject to the applicable Intercreditor Agreement and the limitations
in clause (a)(2) of the defined term Permitted Indebtedness, Liens on the Revolving Credit Priority Collateral created
pursuant to the Revolving Credit Documents for the benefit of the Revolving Facility Agent and the lenders under the Revolving
Credit Agreement and (3) subject to the applicable(to the extent not in violation of the
Intercreditor Agreement, Liens on the Collateral created pursuant to any First Lien Term Loan Document for
the benefit of the First Lien Term Loan Agent and the First Lien Term Loan Lenders);
(b) Liens for taxes,

    
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assessments or other governmental
charges not delinquent or being Properly Contested; (c) deposits or pledges to secure obligations under
worker’s compensation, social security or similar laws, or under unemployment insurance; (d) deposits or pledges to
secure bids, tenders, contracts (other than contracts for the payment of money), leases, statutory obligations, surety,
performance and appeal bonds and other obligations of like nature arising in connection with the business activities of the
Note Parties and their Restricted Subsidiaries, in accordance with Section 5.20(a) and Section 6.2, and not exceeding
$10,000,000 in the aggregate at any time; (e) Liens arising by virtue of the rendition, entry or issuance against any Note
Party, or any property of any Note Party, of any judgment, writ, order, or decree to the extent the rendition,
entry, issuance or continued existence of such judgment, writ, order or decree (or any event or circumstance relating
thereto) that has not resulted in the occurrence of an Event of Default under Section 10.6 hereof; (f) landlords’,
mechanics’, workers’, materialmen’s or other like Liens arising in the Ordinary Course of Business with
respect to obligations which are not due and payable or which are being Properly Contested; (g) Liens (including purchase
money liens and liens arising under Capitalized Leases) to secure Indebtedness permitted under clause (b) of the defined term
Permitted Indebtedness placed upon machinery, equipment or other fixed assets, hereafter acquired, to secure all or a portion
of the purchase price thereof (in the case of a purchase money financing) or the lease obligations relating thereto (in the
case of a Capitalized Lease), provided that no such lien shall encumber any other property of any Note Party or any
Restricted Subsidiary (other than any proceeds related thereto); (h) all easements, covenants, encroachments, licenses,
public or private roads, conditions, restrictions, rights of way, reservations of, or rights of others, encumbrances and
other similar matters, improvements and structures located on, over or under any Real Property that are disclosed in any
Title Policy (including, without limitation, any encumbrances set forth on Schedule B thereto), reasonably acceptable to the
Agent, and all other similar matters or minor defects or irregularities affecting title, or any state of facts that an
accurate survey would disclose, in each case which do not interfere in any material respect with any Note Party or its
Restricted Subsidiaries’ Ordinary Course of Business or have a material adverse effect on the value of such Real
Property; (i) any zoning or similar law or right reserved to or vested in any Governmental Body, or any Lien resulting from
any exercise or enforcement thereof, in each case which do not interfere in any material respect with any Note Party or its
Restricted Subsidiaries’ Ordinary Course of Business or have a material adverse effect on the value of the Real
Property subject to such law, right or Lien; (j) Liens disclosed on Schedule 1.2 provided that such Liens shall secure
only those obligations which they secure on the Closing Date (and extensions, renewals and refinancings of such obligations
permitted by Section 7.8 hereof) and shall not subsequently apply to any other property or assets of any Note Party or any
Restricted Subsidiary other than the property and assets to which they apply as of the Closing Date and proceeds related
thereto; (k) other Liens incidental to the conduct of any Note Party’s or Restricted Subsidiary’s business or the
ownership of its property and assets which were not incurred in connection with the borrowing of money or the obtaining of
advances or credit, and which do not in the aggregate materially detract from Agent’s or the Purchasers’ rights
in and to the Collateral or the value of any Note Party’s or Restricted Subsidiary’s property or assets or which
do not materially impair the use thereof in the operation of any Note Party’s or Restricted
Subsidiary’s business; (l) any interest or title of a lessor under any lease or sublease (other than a “capital
lease” or any other lease that would be deemed to be a security interest under the applicable provisions of the Uniform
Commercial Code (including Section 1-203 

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

“Permitted
Indebtedness” means:

(a)       (1)
Indebtedness
to Agent, the Purchasers
and their
affiliates
hereunder constituting
Obligations,and
(2) Indebtedness
Obligations (as defined in the Revolving Credit Agreement) under
the Revolving Credit
Facility
not to exceed
an aggregate
principal
amount of $100,000,000 and (3) Indebtedness
under the First
Lien
Term Loan
Agreement
in an aggregate
principal
amount not to exceed
the Maximum Priority
First Lien
Loan Amount,
and  150,000,000 and, in each case, any Permitted
Secured Debt Refinancing thereof;

(b)       Attributable
Indebtedness and other Indebtedness (including Capitalized Leases and Indebtedness incurred in connection with any Sale-Leaseback
Transaction) financing an acquisition, construction, repair, replacement, lease or improvement of a fixed or capital asset, or
entered into in connection with a Sale-Leaseback Transaction, incurred by the IssuerHoldings
or any Restricted Subsidiary, in an aggregate amount not to exceed $15,000,000;

(c)       Subordinated
Indebtedness; provided, that such Subordinated Indebtedness shall not (i) mature earlier than 90 days after the then Latest
Maturity Date in effect on the date of issuance or incurrence thereof, (ii) include any amortization or be subject to mandatory
redemption, repurchase, prepayment or sinking fund obligation prior to 90 days after the then Latest Maturity Date, (iii) require
any payments of interest (other than payment-in-kind through the addition to the principal amount thereof) or other amounts in
respect of the principal thereof prior to 90 days after the Latest Maturity Date in effect on the date of incurrence or issuance
thereof and (iv) have covenants, defaults or remedy provisions more restrictive (taken as a whole) than those set forth in this
Agreement; provided, that, in the case of subclauses (ii) and (iii) with respect to prepayments, unless otherwise permitted
pursuant to Section 7.16 of this Agreement;

(d)       any
Indebtedness listed on Schedule 7.8, and the extension of maturity, refinancing or modification of the terms thereof; provided,
however, that (i) such extension, refinancing or modification is 

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

(e)       Guarantees
by the Issuer or any Restricted Subsidiary in respect of Permitted Indebtedness otherwise permitted hereunder; provided
that (A) no guarantee by any Restricted Subsidiary of any Indebtedness constituting Subordinated Indebtedness or Indebtedness under
the First Lien Term Loan Agreement or the Revolving Credit Facility shall be permitted unless such guaranteeing
party shall have also provided a Guaranty of the Obligations on the terms set forth herein, (B) if the Indebtedness being guaranteed
is subordinated to the Obligations, such guarantee shall be subordinated to the Guaranty of the Obligations on terms at least as
favorable to the Purchasers as those contained in the subordination of such Indebtedness and (C) neither the Issuer nor any Restricted
Subsidiary that is a Note Party shall guarantee Indebtedness of any Person that is not a Note Party;

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

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

(h)       Indebtedness
arising out of the issuance of surety, stay, customs or appeal bonds, bank guarantees, performance bonds and performance and completing
guarantees or other similar obligations, in each case incurred in the Ordinary Course of Business in connection with workers’
compensation, health, disability or other employee benefits, environmental obligations or property, casualty or liability insurance
of any Note Party or any Restricted Subsidiary and in connection with other surety and performance bonds in the Ordinary Course
of Business;

(i)       Indebtedness
of any of the Note Parties consisting of (i) repurchase obligations with respect to Equity Interests of such Person issued to the
directors, consultants, managers, officers and employees of any of the Note Parties (or its direct or indirect Parent) arising
upon the death, disability or termination of employment of such director, consultant, manager, officer or employee to the extent
such repurchase is permitted under Section 7.7(ii) and (ii) promissory notes issued by any of the Note Parties to directors, consultants,
managers, officers and employees (or their spouses or estates) of any of the Note Parties (or its direct or indirect Parent) to
purchase or redeem Equity Interests of such Note Party (or its direct or indirect

    
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 Parent) issued to such director, consultant,
manager, officer or employee to the extent such purchase or redemption is permitted under Section 7.7(ii), provided that any such
notes issued under this clause (ii) shall
be subordinated in right of payment to all Obligations on terms and conditions reasonably satisfactory to the Required Purchasers
either pursuant to subordination provisions set forth in such notes or pursuant by the execution and delivery of a subordination
agreement, which such subordination provisions or subordination agreement (as applicable) shall be in form and substance reasonably
satisfactory to the Required Purchasers;

(j)       Qualified
Earnouts;

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

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

(m)       additional
unsecured Indebtedness of the Note Parties, provided that the aggregate principal amount at any one time outstanding of
all such Indebtedness shall not exceed $1,000,000.

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

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

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

(c)       any
purchase or acquisition of obligations or Equity Interests of, or any other interest in, the IssuerHoldings
or any Restricted Subsidiary (but excluding, for the avoidance of doubt, any such purchase or acquisition from a Person
that is neither the Issuer nornot a Restricted Subsidiary);

(d)       advances,
loans or extensions of credit made by any Note Party to Keane Completions, solely related to the obligations of such Note Party
under the applicable Keane Completions Lease Guaranty, in an amount not to exceed $3,000,000 in the aggregate with respect to all
such Note Parties;

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

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

“Permitted
Secured Debt Refinancing” shall mean one or more extensions, renewals, refinancings, replacements, restructurings or
other modifications from time to time of either the First Lien Term Loan Agreement or the Revolving Credit Facility
to the extent not prohibited by the applicable Intercreditor Agreement; provided, that:

(a)       such
Indebtedness shall be secured by the Collateral (i) in the case of any extension, renewal, refinancing, replacement, restructuring
or other modification of the Revolving Credit Facility, subject to the terms and conditions of the applicable
Intercreditor Agreement and on the same basis as the Revolving Credit Facility is secured by the Revolving Credit Priority
Collateral on the FourthSixth Amendment Closing Date and (ii)
in the case of any extension, renewal, refinancing, replacement, restructuring or other modification of the First Lien Term Loan
Debt, subject to the terms of the applicable Intercreditor Agreement, and shall not be secured by any property or assets of the
Note Parties or any Restricted Subsidiary other than the Collateral;;

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

(c)       (i)
in the case of revolving credit commitments and revolving loans, such revolving credit commitments and revolving loans
shall have a maturity date that is not prior to the maturity date with respect to the loans made under the Revolving Credit Facility
that are being extended, renewed, refinanced, replaced, restructured or otherwise modified and (ii) in the case of any
term loans, such term loans (x) shall have a maturity date that is not prior to the maturity date of the notes issued under the 

    
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First Lien Term Loan
Agreement being extended, renewed, refinanced, replaced, restructured or otherwise modified and (y) shall not have a Weighted
Average Life to Maturity shorter than the remaining Weighted Average Life to Maturity of the loans under the First Lien Term
Loan Agreement then being extended, renewed, refinanced, replaced, restructured or otherwise modified;;

(d)       such
Indebtedness shall be on substantially the same terms (including (i) with respect to amortization payments prior
to the Maturity Date, interest payments and mandatory prepayments and (ii) provisions relating to restrictions and prohibitions
on assignments or sales of First Lien Term Loan Debt to any of Holdings, the Issuer, any Guarantor or Affiliate thereof) as the
First Lien Term Loan Agreement or the) as the Revolving Credit Facility (as
applicable) being extended, renewed, refinanced, replaced, restructured or otherwise modified;

(e)       as
compared to the loans made under the First Lien Term Loan Agreement or the Revolving Credit Facility that are
being extended, renewed, refinanced, replaced, restructured or otherwise modified, the terms thereof shall not represent an increase
in (A) “applicable margin”, “applicable rate” or similar component of the interest rate or the method
of computing interest (whether in cash or in kind, and including, without limitation, any letter of credit fee payable to the
lenders under the Revolving Credit Documents) or increase any "applicable margin", "applicable rate" or similar
component of the interest rate or the method of computing interest (but excluding the accrual or payment of interest at the default
rate of interest provided for under the Revolving Credit Documents or the First Lien Term Loan Documents (as applicable)
on the date hereofon the Fifth Amendment Closing Date) or increase any LIBOR
or base rate “floor” applicable to the Indebtedness under the Revolving Credit Documents or the First Lien
Term Loan Documents each case, by an amount in excess of 300 basis points for all such increases after the FourthFifth
Amendment Closing Date (measured to include any increases after the FourthFifth
Amendment Closing Date in the form orof original issue discount,
upfront fees in lieu of interest or similar fees in lieu of interest and any other increases after the FourthFifth
Amendment Closing Date that result in an increase in yield but specifically excluding (x) any fees of any kind paid
under the Revolving Credit Documents or the First Lien Term Loan Documents, in each case, on the Fourthon
the Fifth Amendment Closing Date, and (y) reasonable and customary fees paid by the Issuer in connection with amendments,
waivers, increases in commitments or forbearance agreements entered into under the Revolving Credit Documents or the First
Lien Term Loan Documents, in each case, after the date hereofFifth Amendment
Closing Date), or (B) any prepayment premium or prepayment fee;

(f)       the
terms thereof shall not result in the aggregate principal amount of Indebtedness exceeding the amount otherwise permitted hereunder;

(g)       the
security agreements relating to such Indebtedness are (i) no more onerous than the Pledge and Security Agreement entered into in
connection with the First Lien Term Loan Agreement or the Revolving Credit Agreement, as applicable
(with such differences as are reasonably satisfactory to the Agent) or (ii) in form and substance substantially similar to those
contained in this Agreement;

    
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(h)       such
Indebtedness shall not be guaranteed by any Person other than a Note Party unless such Person shall have guaranteed the Obligations
on substantially similar terms; and

(i)       a
representative acting on behalf of the holders of such Indebtedness shall have become party to and be subject to the provisions
of the Intercreditor Agreement.

“Person”
shall mean any individual, sole proprietorship, partnership, corporation, business trust, joint stock company, trust, unincorporated
organization, association, limited liability company, limited liability partnership, institution, public benefit corporation, joint
venture, entity or Governmental Body (whether federal, state, county, city, municipal or otherwise, including any instrumentality,
division, agency, body or department thereof).

“PIMCO”
shall mean Pacific Investment Management Company LLC.

“PIMCO
Purchasers” shall mean the Purchasers set forth on Schedule A hereto.

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

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

“Pledge
Agreement” shall mean the Pledge Agreement in the form of Exhibit D hereto, executed by the Note Parties in favor of
Agent dated as of the Closing Date.

“Preferred
Equity”, as applied to the Equity Interests of any Person, shall mean Equity Interests of such Person (other than common
Equity Interests of such Person) of any class or classes (however designed) that ranks prior, as to the payment of dividends or
as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to shares
of Equity Interests of any other class of such Person, and shall include any Qualified Preferred Stock.

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

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

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

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

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

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

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

“Purchaser”
and “Purchasers” shall have the meaning ascribed to such term in the preamble to this Agreement and shall include
each Person which becomes a transferee, successor or assign of any Purchaser.

“QIB”
shall have the meaning set forth in Section 17.3 hereof.

“Qualified
Earnout” shall mean any Earnout that constitutes Subordinated Indebtedness that is incurred as part of a Permitted Acquisition.

“Qualified
Equity Interests” shall mean any Equity Interests that are not Disqualified Equity Interests.

    
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“Qualified
Preferred Stock” shall mean any Preferred Equity that is not Disqualified Equity Interests.

“Qualified
Subordinated Indebtedness” shall mean Subordinated Indebtedness incurred pursuant to clause (c) of the definition of
“Permitted Indebtedness”.

“RCRA”
shall mean the Resource Conservation and Recovery Act, 42 U.S.C. §§ 6901 et seq., as same may be amended from time to
time.

“Real Property”
shall mean all of each Note Party’s right, title and interest (whether an interest in fee simple, a leasehold interest or
any other interest of any kind whatsoever) in and to the land, improvements and fixtures of and on owned and leased premises identified
on Schedule 4.5 hereto (which such schedule shall be updated from time to time and attached to each Compliance Certificate delivered
pursuant to Section 9.7 if, since the Closing Date or the date of the last notification (as applicable), any Note Party has acquired
any additional Real Property) or in and to any other premises or real property that are hereafter owned or leased by any Note Party.

“Receivables”
shall mean and include, as to each Note Party, all of such Note Party’s accounts, contract rights, instruments (including
those evidencing indebtedness owed to such Note Party by its Affiliates), documents, chattel paper (including electronic chattel
paper), general intangibles relating to accounts, drafts and acceptances, credit card receivables and all other forms of obligations
owing to such Note Party arising out of or in connection with the sale or lease of Inventory or the rendition of services, all
supporting obligations, guarantees and other security therefor, whether secured or unsecured, now existing or hereafter created.

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

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

“Register”
shall have the meaning set forth in Section 16.4 hereof.

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

“Rejection
Notice” shall have the meaning set forth in Section 2.5(f) hereof.

“Related
Fund” shall mean any fund, investment company, separately managed account or other entity 

    
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which is managed or advised
by the same investment manager or investment adviser as any of the Purchasers, or,
if managed by a different investment manager or investment adviser, a fund whose investment manager or adviser is an Affiliate
of the investment manager or adviser of any of the Purchasers.

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

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

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

“Reportable
Event” shall mean a reportable event described in Section 4043 of ERISA or the regulations promulgated thereunder.

“Representative
Amount” means a principal amount of not less than $1,000,000 for a single transaction in the relevant market at the relevant
time.

“Required
Aggregate Horsepower Amount” shall mean, as of any date, (a) 850,000 hydraulic horsepower if the aggregate horsepower
of the Fracking Fleets that are currently deployed as of such date is less than 800,000 and (b) 940,000 hydraulic horsepower if
the aggregate horsepower of the Fracking Fleets that are currently deployed as of such date meets or exceeds 800,000.

“Required
Purchasers” shall mean, as of any date of determination, Purchasers holding more than 50% of the aggregate principal
amount of the Notes then outstanding (excluding any Notes held by any Note Party or its Affiliates).

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

“Restricted”
shall mean, when referring to cash or Cash Equivalents of Holdings or any of its Restricted Subsidiaries, that such cash or Cash
Equivalents (i) appears (or would be required to appear) as “restricted” on a 

    
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consolidated balance sheet of
Holdings or of any such Restricted Subsidiary (unless such appearance is related to the Note Documents, or the
Revolving Credit Documents or the First Lien Term Loan Documents, or Liens created thereunder), (ii) are
subject to any Lien in favor of any Person other than the Agent for the benefit of the Purchasers, the First Lien
Term Loan Agent for the benefit of the secured parties under the First Lien Term Loan Documents or the or
the Revolving Facility Agent for the benefit of the secured parties under the Revolving Credit Documents or (iii)
are not otherwise generally available for use by Holdings or such Restricted Subsidiary.

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

“Retained
Declined Proceeds” shall have the meaning set forth in Section 2.5(f) hereof.

“Retained Percentage”
means, with respect to any Excess Cash Flow Period, (a) 100% minus (b) the Applicable ECF Percentage with respect to such
Excess Cash Flow Period.

“Revolving
Credit Agreement” shall mean (a) prior to the Sixth Amendment Closing Date,
that certain amended and restated credit agreement, dated as of the Closing Date, as amended by the First Amendment thereto,
dated as of December 22, 2014, the Second Amendment thereto, dated as of April 7, 2015, and the Third Amendment thereto, dated
as of the Fourth Amendment Closing Date, among the Issuer, HoldingsIntermediate
Holdco, the guarantors party thereto and PNC Bank, National Association, as a lender and as agent, as the same may
be further amended, restated, modified, substituted, replaced, refinanced or supplemented from time to time, in each case to the
extent permitted by this Agreement and the Intercreditor Agreement. and (b) on after
the Sixth Amendment Closing Date, that certain Asset-Based Revolving Credit Agreement, dated as of February 17, 2017, among KGI,
KGH, the other Borrowers (as defined therein) party thereto, the Guarantors (as defined therein), the lenders party thereto and
Bank of America, N.A. as administrative agent and collateral agent, as the same may be further amended, restated, modified, substituted,
replaced, refinanced or supplemented from time to time, in each case to the extent permitted by this Agreement and the Intercreditor
Agreement.

“Revolving
Credit Documents” means the Revolving Credit Agreement and all of the loan documents made or delivered from time to time
in connection with the Revolving Credit Facility, as any such documents may be amended, restated, modified, substituted, replaced,
refinanced or supplemented from time to time, in each case to the extent permitted by this Agreement and the Intercreditor Agreement.

“Revolving
Credit Facility” shall mean the revolving credit facility under the Revolving Credit Agreement.

“Revolving
Credit Facility Amendment” shall mean that certain Third Amendment to Amended and Restated Revolving Credit and Security
Agreement, dated as of March 15, 2016, among PNC Bank, National Association, as lender, the Revolving Facility Agent, Issuer, Holdings
and the guarantors party to the Revolving Credit Agreement.

“Revolving
Credit Priority Collateral” shall have the meaning specifiedmean the “ABL
Priority Collateral” as defined in the Intercreditor Agreement.

    
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“Revolving
Facility Agent” shall mean (a) prior to the Fifth Amendment Closing Date,
PNC Bank, National Association, in its capacity as agent for the lenders under the Revolving Credit Agreement, together
with any successors thereto and (b) on and after the Fifth Amendment Closing Date, Bank of America,
N.A. in its capacity as administrative agent and collateral agent for the lenders under the Revolving Credit Agreement, together
with any successors thereto.

“Sale-Leaseback
Transaction” shall mean, with respect to any Note Party or any Restricted Subsidiary, any arrangement, directly or indirectly,
with any Person whereby such Note Party or such Restricted Subsidiary shall sell or transfer any Equipment, and thereafter rent
or lease such Equipment or other Equipment that it intends to use for substantially the same purpose or purposes as the Equipment
being sold or transferred.

“Sanctioned
Country” shall mean a country subject to a sanctions program maintained under any Anti-Terrorism Law.

“Sanctioned
Person” shall mean any individual person, group, regime, entity or thing listed or otherwise recognized as a specially
designated, prohibited, sanctioned or debarred person, group, regime, entity or thing, or subject to any limitations or prohibitions
(including but not limited to the blocking of property or rejection of transactions), under any Anti-Terrorism Law.

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

“Second
Amendment” shall mean that certain
Second Amendment
to Note Purchase Agreement, dated as of April 7, 2015, by and among
the Issuer, HoldingsIntermediate Holdco, each of the other Note Parties
party thereto, the Required Purchasers and the Agent.

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

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

“Sixth
Amendment” means that certain Sixth Amendment to this Agreement, dated as of February 17, 2017.

“Sixth
Amendment Closing Date” shall mean the date on which all conditions precedent to the effectiveness of the Sixth Amendment
shall have been satisfied or waived in writing by the Agent at the direction of the Required Purchasers.

"Specified
Assets" shall mean, collectively, the Trican Title Assets, Keane Electronic Title Assets, Keane PA Paper Title Assets
and Keane Other Paper Title Assets, as such terms are defined in the First Lien Term Loan Agreement as in effect on the date
hereofFourth Amendment Closing Date.

“Subject
Transactions”
means, collectively, (i) the consummation of the Trican Acquisition and the other
transactions contemplated by the Trican Acquisition Documents, (ii) the cash capital
contribution, by
any 

    
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Original Owner
or any of its Affiliates
to Holdings, and by Holdings
to the Issuer,
in the form
of new common equity
in an amount
not less than
$200,000,000, (iii) the execution, delivery and performance by each Note Party of the Note Documents to which it is a party,
(iv) the execution, delivery and performance by the parties to the Revolving Credit Facility Agreement and the Revolving
Credit Facility Amendment, (v) the execution, delivery and performance by the parties to the First Lien Term Loan Agreement
of the First Lien Term Loan Documents and (vi) the payment of all fees and expenses in connection with the
foregoing.

“Subject
Transaction
Effective Date”
means the
effective
date of the Subject
Transactions.

“Subordinated
Indebtedness” means any Indebtedness which has been expressly subordinated in right of payment and/or security to all
Obligations expressly by its terms and the terms of the Subordination Agreement executed and delivered to Agent and the Purchasers
in connection with such Indebtedness.

 

“Subordinated
Lender” shall mean, as to any Subordinated Indebtedness, and collectively (if applicable) all of the lender(s) under
and/or other holder(s) of such Subordinated Indebtedness.

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

“Subordination
Agreement” shall mean, as to any Subordinated Indebtedness, any subordination or intercreditor agreement, in form and
substance reasonably satisfactory to Agent and the Required Purchasers, executed by the applicable Subordinated Lender providing
for, among other provisions, the subordination in right of payment or of security (to the extent permitted under this Agreement)
of the applicable Subordinated Indebtedness to all Obligations with or in favor of Agent for its benefit and for the ratable benefit
of the Purchasers.

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

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

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

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

“Term Commitment”
means, as to each Purchaser, its obligation to purchase a Term Note from the Issuer pursuant to Section 2.1 in an aggregate amount
not to exceed the amount set forth opposite such Purchaser’s name on Schedule 1.1 under the caption “Term Commitment”
as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Term Commitments
on the Closing Date is $150,000,000.

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

“Termination
Event” shall mean: (a) a Reportable Event with respect to any Plan (other than an event for which the 30-day notice period
is waived); (b) the withdrawal of the Issuer, any Restricted Subsidiary or any member of the Controlled Group from a Pension Benefit
Plan during a plan year in which such entity was a “substantial employer” as defined in Section 4001(a)(2) of
ERISA; (c) the providing of notice of intent to terminate a Plan in a distress termination described in Section 4041(c)
of ERISA or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (d) the institution
by the PBGC of proceedings to terminate a Pension Benefit Plan; (e) any event or condition which would reasonably be expected to
constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension
Benefit Plan;(f) notice of an event or condition that would reasonably be expected to result in the termination of, or the appointment
of a trustee to administer, a Multiemployer Plan pursuant to Section 4041A or 4042 of ERISA; (g) the partial or complete withdrawal
within the meaning of 

    
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Section 4203 or 4205 of ERISA, of
the Issuer, any Restricted Subsidiary or any member of the Controlled Group from a Multiemployer Plan; (h) notice that a
Multiemployer Plan is subject to Section 4245 of ERISA; (i) the imposition of any liability under Title IV of ERISA, other
than for PBGC premiums due but not delinquent, upon the Issuer, any Restricted Subsidiary or any member of the Controlled
Group; (j) the failure to make by its due date a required installment under Section 430(j) of the Code with respect to any
Pension Benefit Plan or the failure of the Issuer, any of its Restricted Subsidiaries or any member of the Controlled Group
to make any required contribution to a Multiemployer Plan; (k) a determination that any Pension Benefit Plan is, or is
expected to be, in “at risk” status (within the meaning of Section 430 of the Code or Section 303 of ERISA), (l)
a determination that any Multiemployer Plan is, or is reasonably expected to be, in “critical” or
“endangered” status under Section 432 of the Code or Section 305 of ERISA; (m) the assertion of a material claim
(other than routine claims for benefits) against any Plan (other than a Multiemployer Plan) or the assets thereof, or against
the Issuer, any of its Restricted Subsidiaries or any member of the Controlled Group; or (n) the imposition of a lien on the
assets of the Issuer, any of its Restricted Subsidiaries or any member of the Controlled Group pursuant to Section 430(k) of
the Code or pursuant to Section 303(k) of ERISA with respect to any Pension Benefit Plan.

“Threshold Amount”
means $7,500,000.

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

“Title
Policy “ shall have the meaning set forth in Section 4.22(f) hereof.

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

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

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

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

“Trican
Acquisition” shall mean the acquisition by Keane Frac, LP and its Restricted Subsidiaries of the Purchased Assets (as
described in the Trican Asset Purchase Agreement) and the assumption by Keane Frac, LP and its Restricted Subsidiaries of the Assumed
Liabilities (as defined in the Trican Asset Purchase Agreement), in each case in accordance with the terms of the Trican Asset
Purchase Agreement.

“Trican
Acquisition Documents” shall mean the Trican Asset Purchase Agreement and all other agreements and documents relating
to the Trican Acquisition, as the same may be amended, modified and/or supplemented from time to time in accordance with the terms
hereof and thereof.

“Trican
Asset Purchase Agreement” shall mean that certain Asset Purchase Agreement, dated as of January 25, 2016, among KGH,
Keane Frac, LP, Trican Well and the Seller Companies named therein (as the same may be amended, amended and restated, supplemented,
extended, renewed, replaced, restructured or otherwise modified from time to time in accordance with the terms hereof and thereof).

“Trican
Well” shall mean Trican Well Service Ltd., an Alberta corporation.

“Unfunded
Capital Expenditures” shall mean Capital Expenditures made with Internally Generated Funds and, for the avoidance of
doubt, not including Capital Expenditures funded through or by funds provided by any Customer or supplier for such purpose.

“Unfunded
Pension Liability” shall mean the amount, if any, by which the value of the accumulated plan benefits under the Pension
Benefit Plan, determined on a plan termination basis in accordance with actuarial assumptions at such time consistent with those
prescribed by the PBGC for purposes of Section 4044 of ERISA, exceeds the fair market value of all plan assets allocable to such
liabilities under Title IV of ERISA (excluding any accrued but unpaid contributions).

“Uniform
Commercial Code” shall have the meaning set forth in Section 1.3 hereof.

“Unrestricted
Subsidiary” means a Subsidiary of the IssuerHoldings designated
by the Board of Directors as an Unrestricted Subsidiary pursuant to Section 6.11 subsequent to the Closing Date, in each case,

    
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until such Person ceases to be an Unrestricted
Subsidiary in accordance with Section 6.11 or ceases to be a Subsidiary of the IssuerHoldings.
No Subsidiary shall be designated an Unrestricted Subsidiary if either (a) it owns Equity Interests or Indebtedness of, or owns
or holds any Lien on any property of, the Issuer or any of its Restricted Subsidiariesany
Note Party or (b) it is a Restricted Subsidiary for purposes of the Revolving Credit Facility or the First
Lien Term Loan Agreement. In addition, (i) no Subsidiary shall be designated as an Unrestricted Subsidiary
for the purposes of this Agreement unless both the Revolving Credit Facility and the
First Lien Term Loan Agreement includeincludes an applicable and substantially
similar provision to provide for Restricted Subsidiaries and Unrestricted Subsidiaries.

“USA PATRIOT
Act” shall mean the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001, Public Law 107-56, as the same has been, or shall hereafter be, renewed, extended, amended or replaced.

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

“Weighted
Average Life to Maturity” shall mean, when applied to any Indebtedness or Preferred Equity, as the case may be, at any
date, the quotient obtained by dividing (a) the sum of the products of the number of years from the date of determination to the
date of each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such
Preferred Equity multiplied by the amount of such payment; by (b) the sum of all such payments.

1.3.       Uniform
Commercial Code Terms. All terms used herein and defined in the Uniform Commercial Code as adopted in the State of New York
from time to time (the “Uniform Commercial Code”) shall have the meaning given therein unless otherwise defined
herein. Without limiting the foregoing, the terms “accounts,” “chattel paper,” “commercial tort claims,”
“instruments,” “general intangibles,” “goods,” “payment intangibles,” “proceeds,”
“supporting obligations,” “securities,” “investment property,” “documents,” “deposit
accounts,” “software,” “letter of credit rights,” “inventory,” “equipment”
and “fixtures,” as and when used in the description of Collateral shall have the meanings given to such terms in Articles
8 or 9 of the Uniform Commercial Code. To the extent the definition of any category or type of collateral is expanded by any amendment,
modification or revision to the Uniform Commercial Code, such expanded definition will apply automatically as of the date of such
amendment, modification or revision.

    
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1.4.       Certain
Matters of Construction.

The terms “herein,”
“hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to
any particular section, paragraph or subdivision. All references herein to Articles, 

Sections, Exhibits and Schedules
shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement. Any pronoun used
shall be deemed to cover all genders. Wherever appropriate in the context, terms used herein in the singular also include the
plural and vice versa. All references to statutes and related regulations shall include any amendments of same and any
successor statutes and regulations. Unless otherwise provided, all references to any instruments or agreements to which Agent
is a party, including references to any of the other Note Documents, shall include any and all modifications, supplements or
amendments thereto, any and all restatements or replacements thereof and any and all extensions or renewals thereof. All
references herein to the time of day shall mean the time in New York, New York. Unless otherwise provided, all financial
calculations shall be performed with Inventory valued on a first-in, first-out basis, or on an average cost basis, as the
Issuer may elect (provided such election may only be made once, within a reasonable period following the Closing Date, and
once made, may not be modified without the Required Purchasers’ prior written consent, which shall not be unreasonably
withheld or delayed). Whenever the words “including” or “include” shall be used, such words shall be
understood to mean “including, without limitation” or “include, without limitation”. A Default or
Event of Default shall be deemed to exist at all times during the period commencing on the date that such Default or Event of
Default occurs to the date on which such Default or Event of Default is waived in writing pursuant to this Agreement or, in
the case of a Default, is cured within any period of cure expressly provided for in this Agreement; and an Event of
Default shall “continue” or be “continuing” until such Event of Default has been waived in writing by
the Required Purchasers or all Purchasers, as applicable. Any Lien referred to in this Agreement or any of the other Note
Documents as having been created in favor of Agent, any agreement entered into by Agent pursuant to this Agreement or any of
the other Note Documents, any payment made by or to or funds received by Agent pursuant to or as contemplated by this
Agreement or any of the other Note Documents, or any act taken or omitted to be taken by Agent, shall, unless otherwise
expressly provided, be created, entered into, made or received, or taken or omitted, for the benefit or account of Agent and
Purchasers. Wherever the phrase “to the Note Parties’ knowledge,” “to the knowledge of a Responsible
Officer” or similar phrases relating to the knowledge or the awareness of any Note Party (or one or more of its
Responsible Officers) are used in this Agreement or the other Note Documents, such phrase shall mean and refer to (i) the
actual knowledge of a Responsible Officer of any Note Party or (ii) the knowledge that a Responsible Officer of any Note
Party would have obtained if he had engaged in good faith and diligent performance of his duties, including the making of
such reasonably specific inquiries as may be necessary of the employees or agents of such Note Party and a good faith attempt
to ascertain the existence or accuracy of the matter to which such phrase relates.

For
the avoidance of doubt, (i) any incurrence under the “dollar-capped” baskets and thresholds under this Agreement on
account of actions taken by Intermediate Holdco on or prior to the Sixth Amendment Closing Date shall count under such baskets
with respect to Holdings on or after the Sixth Amendment Closing Date and (ii) any incurrence under the “dollar-capped”
baskets and thresholds under this Agreement on account of any dividends, distributions, loans and advances made by any Note Party
or its Restricted Subsidiaries to KGH or KGI prior to the Sixth Amendment Closing Date shall not be disregarded under such baskets
and thresholds on account of KGI’s and KGH’s joinder to this Agreement in connection with the Sixth Amendment.

    
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Any representations
and warranties as to Holdings under the Note Documents that are made as of a date occurring prior to the Sixth Amendment Closing
Date shall be solely made (to the extent with respect to Holdings) by Intermediate Holdco.

		II.	Commitments and Notes.

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

(a)       Subject
to the terms and conditions set forth herein, each Purchaser, severally and not jointly, agrees to purchase Term Notes from the
Issuer on the Closing Date in an aggregate principal amount not to exceed such Purchaser’s Term Commitment, in the amounts
and at the purchase price set forth on Schedule 1.1. Principal amounts of the Term Notes that are repaid or prepaid may not be
reborrowed.

(b)       The
purchase and sale of the Term Notes will occur at a closing (the “Closing”) to be held on August 8, 2014 at
9:00 a.m. (New York time) at the offices of Ropes & Gray LLP, 1211 Avenue of the Americas, New York, New York 10036, or at
such other date, time and/or location as may be agreed upon by the parties hereto, subject to the terms and conditions hereof,
including, without limitation, the substantially contemporaneous consummation of the Refinancing. At the Closing, the Issuer will
deliver to the Purchasers the Term Notes (in such permitted domination or dominations and registered in its name or the name of
such nominee or nominees as the Purchasers may request) against payment of the purchase price therefor by intra-bank or federal
funds wire transfer of same day funds to such bank accounts as the Issuer designates at least one Business Day prior to the Closing.

(c)       Following
the purchase of the Term Notes, each Purchaser’s Term Commitment shall be reduced to $0.

2.2.       Delayed
Draw Notes.

(a)       Subject
to the terms and conditions set forth herein, each Purchaser, severally and not jointly, agrees to purchase Delayed Draw Notes
from the Issuer during the Delayed Draw Availability Period in an aggregate principal amount not to exceed such Purchaser’s
Delayed Draw Commitment, in the amounts and at the purchase price set forth on Schedule 1.1 (or the ratable portion of such purchase
price in respect of the amount of the Delayed Draw Notes issued on any Delayed Draw Funding Date). Principal amounts of the Delayed
Draw Notes that are repaid or prepaid may not be reborrowed.

(b)       The
parties hereto acknowledge and agree that any Delayed Draw Notes purchased by the Purchasers shall have the same pricing and terms
as the Term Notes purchased on the Closing Date, and, once purchased, shall be deemed to be Notes for all purposes under this Agreement.
Upon at least ten (10) Business Days’ prior written notice to the Purchasers and Agent, subject to the satisfaction of each
of the conditions precedent set forth in Section 8.2 (each, a “Delayed Draw Notice”), each Purchaser, severally
and not jointly, agrees to purchase from the Issuer one or more Delayed Draw Notes during the Delayed Draw Availability 

    
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Period in an amount not to exceed
such Purchaser’s Delayed Draw Commitment. Each issuance of Delayed Draw Notes shall be in an aggregate principal amount
for all Delayed Draw Notes issued in such issuance of not less than $20,000,000 and the aggregate amount of the Delayed Draw
Notes purchased by all Purchasers during the Delayed Draw Availability Period shall not exceed $50,000,000. Each Delayed Draw
Notice shall be irrevocable and shall specify (i) the requested date of the issuance of such Delayed Draw Notes (which shall
be a Business Day) (each a “Delayed Draw Funding Date”) and (ii) the principal amount of such Delayed Draw
Notes to be issued and purchased. Following the purchase of the Delayed Draw Notes, each Purchaser’s Delayed Draw
Commitment shall be reduced by the amount purchased by such Purchaser. The Issuer may not issue more than two Delayed Draw
Notices during the Delayed Draw Availability Period.

(c)       On
the Delayed Draw Funding Date, the Issuer will deliver to the Purchasers the Delayed Draw Notes (in such permitted domination or
dominations and registered in its name or the name of such nominee or nominees as the Purchasers may request) against payment of
the purchase price therefor by intra-bank or federal funds wire transfer of same day funds to such bank accounts as the Issuer
designates at least one Business Day prior to the Delayed Draw Funding Date.

(d)       The
Issuer may terminate all or any portion of the Delayed Draw Commitments at any time, and from time to time, during the Delayed
Draw Availability Period, in each case without premium or penalty, upon not less than one (1) Business Day’s prior written
notice to Agent and the Purchasers.

(e)       In
connection with any purchase and sale of Delayed Draw Notes on a Delayed Draw Funding Date, the primary purpose of which is to
finance a Permitted Acquisition, notwithstanding the conditions set forth in Section 8.3 and set forth in clause (f) of the defined
term “Permitted Acquisition”, the Purchasers may agree in an amendment to the Agreement signed solely by such Purchasers
and the Issuer, to waive in full or in part the conditions set forth in clauses (a) and (b) (other than with respect to any Event
of Default under Section 10.1 or Sections 10.7 or 10.8) of Section 8.3 and the condition set forth in clause (f) of the defined
term “Permitted Acquisition”.

2.3.       Scheduled
Repayment of Notes.

(a)       Term
Notes. The Issuer shall repay to Agent for the ratable account of each Purchaser holding Notes (1) on the last Business Day
of each March, June, September and December, commencing with December 31, 2014, an aggregate principal amount equal to $937,500
(which amount shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth
in Section 2.5 below and which amount shall be increased as set forth in clauses (b) and (c) below) and (2) on the Maturity Date
the aggregate principal amount of all Notes outstanding on such date.

(b)       Delayed
Draw Notes. For any issuance of Delayed Draw Notes, the amount of any quarterly payment set forth in clause (a)(1) above shall
be increased in an amount equal to 0.625% of the original aggregate principal amount of Delayed Draw Notes so issued, such increase
in quarterly payment to be reflected for the first such quarterly payment to occur after the last day of the calendar quarter in
which such Delayed Draw Notes were issued.

    
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(c)       Incremental
Notes. For any issuance of Incremental Notes, the amount of any quarterly payment set forth in clause (a)(1) above shall be
increased to the extent and as required pursuant to the terms of any applicable Incremental Amendment.

2.4.       Optional
Prepayments; Prepayment Premium.

(a)       Subject
to the terms of this Section 2.4, the Issuer may prepay the Notes on any Business Day in an aggregate minimum principal amount
of $5,000,000 and in integral multiples of $1,000,000 in excess of $5,000,000 or, in each case such lesser amount as is then outstanding,
at any time upon five (5) Business Days’ prior written notice given to the Purchasers and the Agent by 12:00 noon (New York
City time). Any prepayment of the Notes pursuant to this Section 2.4(a) shall be accompanied by all accrued and unpaid interest
on the principal amount so repaid, if any. Any such prepayment pursuant to this Section 2.4(a) shall be applied to the remaining
scheduled installments of principal on the Notes pursuant to Section 2.3 in a manner determined at the discretion of the Issuer
and specified in the notice of prepayment (and absent such direction, in direct order of maturity).

(b)       If
any Notes are optionally prepaid pursuant to Section 2.4(a), mandatorily prepaid pursuant to Section 2.5 (other than pursuant to
clauses (a), (b) and (c) thereof) or if a Non-Consenting Purchaser is required to sell its Notes to an assignee pursuant to Section
16.2, such prepayments (or sale) shall be made at (each of the following percentages, the “Prepayment Premium”)
(w) 103% of the aggregate principal amount of Notes prepaid if such prepayment occurs on or prior to the first anniversary of the
Closing Date, (x) 102% of the aggregate principal amount of the Notes prepaid if such prepayment occurs after the first anniversary
of the Closing Date and on or prior to the second anniversary of the Closing Date, (y) 101% of the aggregate principal amount of
the Notes prepaid if such prepayment occurs after the second anniversary of the Closing Date and on or prior to the third anniversary
of the Closing Date and (z) thereafter, at 100% of the aggregate principal amount of the Notes prepaid; provided however
that such prepayment shall be made pursuant to clause (z) above if the Notes are prepaid (a) as a result of the consummation of
a transaction that constitutes a Change of Control or (b) to the extent paid promptly out of Retained Declined Proceeds (but in
any event no later than ten (10) Business Days after the election by any non-declining Purchasers to decline their pro rata share
of the Declined Proceeds pursuant to Section 2.5(f)).

2.5.       Mandatory
Prepayments.

(a)       Subject
to Section 7.1(b) hereof, and the exceptions for reinvestments as set forth in paragraph (b) below and the Intercreditor Agreement,
when any Note Party either (i) sells or otherwise disposes of any Collateral (other than sales or other dispositions referred to
in clauses (i), (ii), (iv), (vi), (vii), (viii) and (ix) of Section 7.1(b)) or (ii) receives the proceeds of or payment in respect
of any property or casualty insurance claims or any condemnation proceedings with respect to any Collateral (a “Recovery
Event”) (for avoidance of doubt, Collateral includes, in each such case, Real Property, unless such Real Property is
an 

    
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Excluded Asset) and receives net
cash proceeds (i.e., gross cash proceeds less the reasonable costs of such sales or other dispositions or of collecting on or
settling such insurance claim or condemnation proceeding) as the result of such sales, dispositions or Recovery Events in
excess of an aggregate amount of $1,000,000 in any Fiscal Year, the Issuer shall repay the Notes in an amount equal to such
excess, such repayments to be made promptly but in no event more than five (5) Business Days following receipt of such net
cash proceeds, and until the date of payment, such proceeds shall be held in trust for Agent. The foregoing shall not be
deemed to be implied consent to any such sale or disposition otherwise prohibited by the terms and conditions hereof.

(b)       Notwithstanding
the provisions of the foregoing Section 2.5(a), in any case involving any sale, disposition or Recovery Event with respect to
any Collateral other than Inventory, Receivables or ABL EquipmentFrac Iron,
so long as no Event of Default has occurred and is continuing on the date such Note Party receives the net cash proceeds of such
sale or disposition or Recovery Event, the net cash proceeds of such sale, disposition or Recovery Event shall not be required
to be applied as a prepayment of the Obligations as otherwise provided in Section 2.5(a), to the extent that (x) promptly but
in no event more than one (1) Business Day following receipt of such net cash proceeds, the Issuer shall (I) deliver to Agent
and the Purchasers a certificate of the Chief Financial Officer or Controller of the Issuer (A) stating that no Event of Default
has occurred and is continuing, (B) stating the amount of the net cash proceeds of such sale, disposition or Recovery Event eligible
for reinvestment under this Section 2.5(b), (C) stating that the Note Parties wish to use such eligible net cash proceeds of such
sale, disposition or Recovery Event for reinvestment as permitted under this Section 2.5(b) and (D) stating that the Note Parties
shall use such eligible net cash proceeds for reinvestment within (i) 120 days or (ii) in the case of Real Property, 180 days
(or such longer period as the Required Purchasers may agree in their sole discretion) (as designated in such certificate of the
Chief Financial Officer or Controller of the Issuer, the “Applicable Reinvestment Period”) and (II) deposit
all such net cash proceeds designated for reinvestment with Agent to be held in a segregated non-interest bearing trust account
under the sole dominion and control of Agent (the “Reinvestment Account”) and (y) the Note Parties shall, within
the Applicable Reinvestment Period, reinvest an amount equal to such net cash proceeds designated for reinvestment in assets of
equal or greater fair market value, or otherwise replace, repair or restore any such properties or assets to be used in any Note
Party’s business (and Agent shall disburse funds from the Reinvestment Account to reimburse the Note Parties for the costs
and expenses of such reinvestment, replacement, repair or restoration upon submission by such Note Parties to Agent of supporting
documentation reasonably acceptable to Agent), but further provided that, to the extent that the Note Parties shall not
so reinvest net cash proceeds designated for reinvestment within the Applicable Reinvestment Period, then ten (10) Business Days
after the expiration of such Applicable Reinvestment Period, Agent shall apply any net cash proceeds designated for reinvestment
remaining in the Reinvestment Account to the prepayment of the Obligations as otherwise provided for in Section 2.5(a).

(c)       Issuer
shall cause to be prepaid an aggregate principal amount of the Notes following the end of each Fiscal Year, beginning with the
Fiscal Year ending on or about December 31, 2015, in an amount equal to (A) the Applicable ECF Percentage of Excess Cash Flow,
if any, for the Excess Cash Flow Period then ended minus (B) all optional prepayments of the Notes made pursuant to Section 2.4(a)
during such Excess Cash Flow Period (without regard to any payment made on such Notes above par) to the extent such optional prepayments
were funded with Internally Generated Funds. Each such prepayment shall be made within five (5) 

    
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 Business Days following delivery
of the financial statements to Agent and the Purchasers referred to in and required by Section
9.6 for such Fiscal Year. The Issuer shall cause to be prepaid an aggregate principal amount of the Notes following the
end of each fiscal year, beginning with the fiscal year ending on or about December 31, 2016, in an amount equal to the portion
of Excess Cash Flow for the Excess Cash Flow Period then ended that is required to paid to the lenders under the First Lien Term
Loan in accordance with the First Lien Term Loan Agreement and that is rejected by such lenders in accordance with the First Lien
Term Loan Agreement.

(d)       If
a Note Party or any Restricted Subsidiary incurs or issues any Indebtedness after the Closing Date not permitted to be incurred
or issued pursuant to Section 7.8, the Issuer shall cause to be prepaid an aggregate principal amount of Notes in an amount equal
to 100% of all net cash proceeds received therefrom on or prior to the date which is five (5) Business Days after the receipt by
the relevant Person of such net cash proceeds.

(e)       All
prepayments made pursuant to this Section 2.5 shall be applied to the remaining scheduled installment of principal on the Notes
pursuant to Section 2.3 in direct order of maturity.

(f)       Each
Purchaser may reject all or a portion of its pro rata share of any mandatory prepayment to be made pursuant to clauses (a) and
(c) above (such declined amounts, the “Declined Proceeds”) by providing written notice (each, a “Rejection
Notice”) to Agent and the Issuer no later than 5:00 p.m. two (2) Business Days after the date of such Purchaser’s
receipt of notice from the Issuer regarding such prepayment. Each Rejection Notice from a given Purchaser shall specify the principal
amount of the mandatory prepayment of Notes to be rejected by such Purchaser. If a Purchaser fails to deliver a Rejection Notice
to Agent and the Issuer within the time frame specified above or such Rejection Notice fails to specify the principal amount of
the Notes to be rejected, any such failure will be deemed an acceptance of the total amount of such mandatory repayment of Note.
Any Declined Proceeds shall be offered by the Issuer to the Purchasers not so declining such prepayment on a pro rata basis in
accordance with the amount of the Notes held by such Purchaser (with such non-declining Purchasers having the right to decline
any prepayment with Declined Proceeds within five (5) Business Days of such offer by the Issuer). To the extent such non-declining
Purchasers elect to decline their pro rata share of such Declined Proceeds, any Declined Proceeds remaining thereafter shall be
retained by the Issuer (such remaining Declined Proceeds, the “Retained Declined Proceeds”).

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

    
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2.6.       Use
of Proceeds.

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

(b)       The
proceeds of the Delayed Draw Notes will be used to (i) finance certain Permitted Investments, Permitted Acquisitions and Capital
Expenditures, (ii) pay costs, fees and expenses relating thereto and relating to the issuance of the Delayed Draw Notes and (iii)
fund working capital.

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

2.7.       Incremental
Notes.

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

(b)       On
the applicable date (each, an “Incremental Note Closing Date”) specified in any Incremental Amendment (including
through any Note Increase), subject to the satisfaction of the terms and conditions in this Section 2.7, (i) (A) each Incremental
Purchaser of such Class shall purchase a Note from the Issuer (an “Incremental Note”) in an amount equal to
its Incremental Commitment of such Class by wire transfer of immediately available funds as directed by the Issuer, (B) the Issuer
will deliver to such Incremental Purchaser an Incremental Note issued in the name of such Incremental Purchaser and (C) each Incremental
Purchaser of such Class shall become a Purchaser hereunder with respect to the Incremental Commitment of such Class and the Incremental
Notes of such Class made pursuant thereto.

(c)       Each
Incremental Request from the Issuer pursuant to this Section 2.7 shall set forth the requested amount and proposed terms of
the relevant Incremental Notes. Incremental Notes may be purchased by any existing Purchaser (but no existing Purchaser will have
an obligation to make any Incremental Commitment) or by any Additional Purchaser (each such existing Purchaser or Additional Purchaser
providing such Commitment, an “Incremental Purchaser”); provided, that each Purchaser holding Notes at
the time of any such Incremental Request (or any of its Affiliates or Related Funds) shall be provided the right of first refusal
to

    
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participate on a pro rata basis with
all other Purchasers holdings Notes in any such Incremental Commitment (which right may be exercised by provision of written notice
from any electing Purchaser (or its applicable Affiliate or Related Fund) to the Issuer with the amount of the Incremental Commitment
to be provided (not exceeding such Purchaser’s pro rata share) no later than ten (10) Business Days after receipt of the
applicable Incremental Request); provided, further, that (i) the Agent shall have acknowledged any Additional Purchaser’s
providing such Incremental Commitment to the extent such acknowledgment, if any, would be required under Section 16.3(c)
for a sale, assignment or transfer of Notes or Commitments, as applicable, to such Additional Purchaser (ii) with respect to Incremental
Commitments, any Affiliated Purchaser providing an Incremental Commitment shall be subject to the same restrictions set forth
in Section 16.3(d) as they would otherwise be subject to with respect to any sale, assignment or transfer to such Affiliated
Purchaser of Notes or Commitments and (iii) neither KGH, Holdings, the Issuer orKGI
nor any of theirits Subsidiaries may provide Incremental Commitments
or purchase Incremental Notes under this Section 2.7.

(d)       The
effectiveness of any Incremental Amendment, and the Incremental Commitments thereunder, shall be subject to the satisfaction on
the applicable date (which shall be no earlier than the date of such Incremental Amendment) specified therein (the “Incremental
Amendment Date”) of each of the following conditions (such satisfaction to be evidenced by a certificate of the Chief
Financial Officer or Controller of the Issuer delivered by the Issuer representing to the same), together with any other conditions
set forth in the Incremental Amendment:

(i)       after
giving effect to such Incremental Commitments, the conditions of Section 8.3 shall be satisfied; provided, that,
in connection with any Incremental Commitment, the primary purpose of which is to finance a Permitted Acquisition, such Incremental
Amendment if agreed by the Incremental Purchasers may include a waiver in full or in part of the conditions set forth in clauses
(a) and (b) (other than with respect to any Event of Default under Section 10.1 or Sections 10.7 or 10.8) of Section 8.3 and in
clause (f) of the defined term “Permitted Acquisition”;

(ii)       each
Incremental Commitment shall be in an aggregate principal amount that is not less than $20,000,000 and shall be in an increment
of $1,000,000 (provided, that such amount may be less than $20,000,000 if such amount represents all remaining availability
under the limit set forth in Section 2.7(d)(iv));

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

    
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(iv)       receipt
by Agent and the Purchasers of projections showing the projected calculation of the Fixed Charge Coverage Ratio for each four-quarter
fiscal period of the Issuer completed over the twelve month period immediately following the Incremental Note Closing Date, such
calculation giving pro forma effect to the incurrence of the Incremental Notes on such Incremental Note Closing Date;

(v)       together
with the Incremental Notes issued under such Incremental Amendment, the aggregate principal amount of Incremental Notes issued
since the Closing Date does not exceed $40,000,000; and minus any incremental facilities
incurred under the Revolving Credit Facility (including any then-existing incremental facilities refinanced as part of a Permitted
Secured Debt Refinancing or added or incurred under any Revolving Credit Facility established as part of a Permitted Secured Debt
Refinancing); and

(vi)       to
the extent reasonably requested by the Agent or Required Purchasers, receipt by the Agent and the Purchasers of (A) customary legal
opinions, board resolutions and officers’ certificates consistent with those delivered on the Closing Date (conformed as
appropriate) other than changes to such legal opinions resulting from a change in law, change in fact or change to counsel’s
form of opinion reasonably satisfactory to the Agent and the Required Purchasers and (B) reaffirmation agreements and/or such amendments
to the Note Documents as may be reasonably requested by the Agent or the Required Purchasers in order to ensure that such Incremental
Purchasers are provided with the benefit of the applicable Note Documents.

(e)       The
terms, provisions and documentation of the Incremental Notes of any Class shall be as agreed between the Issuer and the applicable
Incremental Purchasers providing such Incremental Commitments and, except as set forth in clause (f) below, sub-clauses (e)(i)
through (e)(vi) below, and as otherwise set forth herein, to the extent not identical to any Class of Notes existing on the Incremental
Note Closing Date, the terms and conditions of the Incremental Notes that are effective prior to the then Latest Maturity Date
of the Notes shall not be more restrictive, taken as a whole, than those applicable to the Notes existing on the Incremental Note
Closing Date, unless (x) this Agreement is amended (solely with the consent of the Issuer and with no consent required by any Purchaser,
the Agent or any other Note Party) to conform to such more restrictive terms and conditions for the benefit of all such existing
Notes or (y) such more restrictive terms and conditions are satisfactory to the Required Purchasers; provided that, notwithstanding
the foregoing, in the case of a Note Increase, the terms, provisions and documentation of such Note Increase shall be identical
(other than with respect to upfront fees, OID or similar fees) to the applicable Class of Notes being increased, in each case,
as existing on the Incremental Note Closing Date. In any event the Incremental Notes:

(i)       shall
rank pari passu in right of payment and security with the existing Notes,

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

    
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(iii)       as
of the Incremental Amendment Date, shall have a Weighted Average Life to Maturity not shorter than the remaining Weighted Average
Life to Maturity of the existing Notes,

(iv)       shall
have an interest rate, and subject to clauses (e)(ii) and (e)(iii) above, amortization determined by the Issuer and the applicable
Incremental Purchasers; provided, that the interest rate and amortization for a Note Increase shall be the interest rate
and amortization for the Class being increased,

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

(vi)       shall
participate on a pro rata basis or less than pro rata basis (but not on a greater than pro rata basis) in any voluntary or mandatory
prepayments of the Notes hereunder.

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

(g)       Commitments
in respect of Incremental Notes shall become additional Commitments pursuant to an amendment (an “Incremental Amendment”)
to this Agreement and, as appropriate, the other Note Documents, executed by the Issuer, each Incremental Purchaser providing such
Commitments, and the Agent (at the written direction of the Required Purchasers). The Incremental Amendment may effect such amendments
to this Agreement and the other Note Documents as may be necessary or appropriate, in the reasonable opinion of the Required Purchasers
and the Issuer, to effect the provisions of this Section 2.7. The Issuer will use the proceeds of the sale of any Incremental
Notes for any purpose not prohibited by this Agreement.

2.8.       Defaulting
Purchasers.

(a)       Adjustments.
Notwithstanding anything to the contrary contained in this Agreement, if any Purchaser becomes a Defaulting Purchaser, then, until
such time as that Purchaser is no longer a Defaulting Purchaser, to the extent permitted by Applicable Law:

    
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(i)       Waivers
and Amendments. That Defaulting Purchaser’s right to approve or disapprove any amendment, waiver or consent with respect
to this Agreement shall be restricted as set forth in Section 16.2.

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

(iii)       Certain
Fees. That Defaulting Purchaser shall not be entitled to receive any fee pursuant to Sections 3.2(d) for any period during
which that Purchaser is a Defaulting Purchaser (and the Issuer shall not be required to pay any such fee that otherwise would have
been required to have been paid to that Defaulting Purchaser).

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

    
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		III.	INTEREST; FEES; PAYMENTS GENERALLY; TAXES.

3.1.       Interest.

(a)       Interest
shall be payable
on the outstanding principal
amount of the Notes at
a rate per annum
(the “Contract
Rate”)
equal to (i)
prior to the Subject
Transaction Effective
Date, (x)
with respect to the Term
Notes and the
Delayed
Draw Notes,
the Eurodollar
Rate plus the Applicable
Rate and
(y) with respect
to any Incremental
Notes, the rate per
annum specified
in the applicable Incremental
Amendment, in each
case payable
quarterly
in cash and
(ii) on and
after the Subject
Transaction
Effective Date,
(x) with respect
to the Term Notes and
the Delayed
Draw Notes,
12.0% and (y)
with respect to any
Incremental
Notes, the rate per
annum specified
in the applicable Incremental
Amendment,
in each
case payable
quarterly in cash.

(b)       Interest
on the Notes shall accrue daily and shall be payable on (A) each Interest Payment Date (commencing on September 30, 2014) in arrears;
(B) the date of any prepayment in accordance with Section 2.4 or Section 2.5 (but only with respect to the principal amount of
the Notes then prepaid) and (C) on the maturity of the applicable Notes, whether by acceleration or otherwise.

(c)       Upon
and after the occurrence of an Event of Default relating to or specified in Section 10.1 or Section 10.7, and during the continuation
thereof, the Issuer shall pay, in cash on demand from time to time, interest at a rate per annum equal to two percent (2.0%) above
the Contract Rate (as applicable, the “Default Rate”) on (1) the overdue outstanding principal amount of the
Notes and (2) any overdue interest thereon, and any other overdue fees and expenses reimbursable hereunder and other overdue Obligations
under the Note Documents. For the avoidance of doubt, such Default Rate shall accrue after the filing of any petition under any
Debtor Relief Law or the commencement of any proceeding or action under any Debtor Relief Law, whether or not a claim for post-filing
or post-petition interest is allowed in any such proceeding or action.

3.2.       Fees.

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

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

(c)       The
Issuer shall pay to Agent, for Agent’s own account, such fees as the Issuer and Agent may mutually agree upon from time to
time for Agent’s services hereunder, including such fees as the Issuer and Agent may agree upon in the Agent Fee Letter.

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

3.3.[RESERVED].

3.4.Computation
of Interest and Fees. Interest and fees hereunder shall be computed on the basis of a year of 360 days and for the actual number
of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a Business Day, the due date thereof
shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate during
such extension.

3.5.Maximum
Charges. In no event whatsoever shall interest and other charges charged hereunder exceed the highest rate permissible under
law. In the event interest and other charges as computed hereunder would otherwise exceed the highest rate permitted under law,
such excess amount shall be first applied ratably to any unpaid principal balance of the Notes owed by the Issuer, and if the then
remaining excess amount is greater than the previously unpaid principal balance, Purchasers shall promptly refund such excess amount
to the Issuer and the provisions hereof shall be deemed amended to provide for such permissible rate.

3.6.[RESERVED].

3.7.[RESERVED].

3.8.Payments
Generally.

(a)       Except
as provided in Section 3.9 and Section 3.10, all payments of principal of or interest on the Notes, and of all fees, shall be made
by the Issuer to Agent for the ratable benefit of the Purchasers, without setoff, recoupment or counterclaim and in immediately
available funds not later than 1:00 P.M., New York time on the date due, and funds received after that hour shall be deemed to
have been received by Agent on the following Business Day. Each repayment and prepayment of the Notes pursuant to Article II and
all other payments of principal and interest shall be made on a pro rata basis, calculated by the Issuer, who shall provide written
notice of such calculations to Agent, with respect to any Purchaser, as a percentage (carried out to the ninth decimal place) determined
by dividing the aggregate amount of outstanding Notes held by such Purchaser by the aggregate amount of all outstanding Notes of
all Purchasers; provided, that, in connection with any Incremental Notes with a rate of interest per annum different
than the rate of interest per 

    
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annum of other Notes, such pro
rata calculation may be modified in the applicable Incremental Amendment under which such Incremental Notes were issued.
Agent shall distribute any such payments received by it for the account of any Purchaser to such Purchaser (or its designee)
promptly following receipt thereof.

(b)       If
any payment to be made to Agent for the benefit of a Purchaser shall come due on a day other than a Business Day, payment shall
be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the
case may be.

3.9.       Gross
Up for Taxes. If any Note Party shall be required by Applicable Law to withhold or deduct any taxes from or in respect of any
sum payable under this Agreement or any of the other Note Documents to Agent, or any Purchaser, assignee of any Purchaser, or Participant
(each, individually, a “Payee” and collectively, the “Payees”), (a) the sum payable to such
Payee or Payees, as the case may be, shall be increased as may be necessary so that, after making all required withholding or deductions,
the applicable Payee or Payees receives an amount equal to the sum it would have received had no such withholding or deductions
been made (the “Gross-Up Payment”), (b) such Note Party shall make such withholding or deductions, and (c) such
Note Party shall pay the full amount withheld or deducted to the relevant taxation authority or other authority in accordance with
Applicable Law. Notwithstanding the foregoing, no Note Party shall be obligated to make any portion of the Gross-Up Payment to
the extent that (i) such taxes are U.S. Federal taxes and the obligation to withhold or deduct such taxes existed on the date such
Payee became a party to this Agreement or received its interest hereunder or, with respect to payments to a new office for booking
the Notes hereunder of such Payee, the date such Payee designated such new office with respect to the Notes hereunder; provided,
however, that this clause (i) shall not apply to the extent the Gross-Up Payment any Payee, or any Payee acting through
a new office, would be entitled to receive (without regard to this clause (i)) does not exceed the Gross-Up Payment that the person
making the transfer or selling the participation, or the Payee making the designation of such new office, would have been entitled
to receive in the absence of such transfer, participation or designation, (ii) to the extent that the obligation to pay such Gross-Up
Payment would not have arisen but for a failure of such Payee to comply with Section 3.10 hereof, (iii) that is attributable to
taxes imposed under FATCA (or any amendment thereto or successor version thereof that is substantively comparable to FATCA and
with respect to which compliance is not materially more onerous), or (iv) that are taxes imposed on or measured by net income (however
denominated), franchise taxes, or branch profits taxes imposed as a result of such Payee being organized under the laws of, or
having its principal office or lending office located in the jurisdiction imposing such tax or as a result of any present or former
connection between such Payee and the jurisdiction imposing such tax (other than a connection arising from such Payee having executed,
delivered, become a party to, performed its obligations under, received payments under, perfected a security interest under or
enforced any Note Document, or sold or assigned an interest in any Note Document).

    
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3.10.       Withholding
Tax Exemption.

(a)(i)Each
Payee agrees that it will deliver to Issuer two (2) duly completed appropriate valid Withholding Certificates (as defined under
§1.1441-1(c)(16) of the

Income Tax Regulations (“Regulations”))
certifying its status (i.e., U.S. or foreign person) and, if appropriate, making a claim of reduced, or exemption from, U.S. withholding
tax on the basis of an income tax treaty or an exemption provided by the Code. The term “Withholding Certificate” means
a Form W-9; a Form W-8BEN; a Form W-8BEN-E; a Form W-8ECI; a Form W-8IMY and the related statements and certifications as required
under §1.1441-1(e)(2) and/or (3) of the Regulations; a statement described in §1.871-14(c)(2)(v) of the Regulations;
or any other certificates under the Code or Regulations that certify or establish the status of a payee or beneficial owner as
a U.S. or foreign person.

(b)       If
a payment made to a Payee under this Agreement would be subject to U.S. Federal withholding tax imposed by FATCA if such Payee
were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b)
of the Code, as applicable), such Payee shall deliver to the Issuer at the time or times prescribed by law and at such time or
times reasonably requested by the Issuer, such documentation prescribed by Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i)
of the Code) and such additional documentation reasonably requested by the Issuer as may be necessary for the Issuer to comply
with its obligations under FATCA, to determine that such Payee has or has not complied with its obligations under FATCA and, as
necessary, to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 3.10(b), “FATCA”
shall include any amendments made to FATCA after the date of this Agreement.

(c)       Each
Payee required to deliver to Issuer a valid Withholding Certificate pursuant to Section 3.10(a)(i) hereof shall deliver such valid
Withholding Certificate as follows: (i) each Payee which is a party hereto on the Closing Date shall deliver such valid Withholding
Certificate at least five (5) Business Days prior to the first date on which any interest or fees are payable by any Note Party
hereunder for the account of such Payee; (ii) each Payee who becomes a party to this Agreement by way of an assignment or participation
shall deliver such valid Withholding Certificate at least five (5) Business Days before the effective date of such applicable assignment
or participation (unless the Issuer permits such Payee to deliver such valid Withholding Certificate less than five (5) Business
Days before such date in which case it shall be due on the date specified by such parties) and (iii) each Payee who designates
a new office for booking the Notes hereunder shall deliver such valid Withholding Certificate at least five (5) Business Days before
the effective date of the designation of such new office (unless the Issuer shall permit such Payee to deliver such valid Withholding
Certificate less than five (5) Business Days before such date in which case it shall be due on the date specified by such parties).
Each Payee which so delivers a valid Withholding Certificate further undertakes to deliver to Issuer two (2) additional copies
of such Withholding Certificate (or a successor form) on or before the date that such Withholding Certificate expires or becomes
obsolete or after the occurrence of any event requiring a change in the most recent Withholding Certificate so delivered by it,
and such amendments thereto or extensions or renewals thereof as may be reasonably requested by the Issuer.

		IV.	COLLATERAL: GENERAL TERMS

4.1.       Security
Interest in the Collateral. To secure the prompt payment and performance to Agent

    
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and each Purchaser of the Obligations,
each Note Party hereby pledges and grants to Agent for its benefit and for the ratable benefit of each Purchaser a continuing security
interest in and to and Lien on all of its Collateral, whether now owned or existing or hereafter acquired or arising and wheresoever
located. Each Note Party shall mark its books and records as may be necessary or appropriate to evidence, protect and perfect Agent’s
security interest and shall cause its financial statements to reflect such security interest. Each Note Party shall promptly provide
Agent with written notice of all commercial tort claims with a claim exceeding $500,000, such notice to contain the case title
together with the applicable court and a brief description of the claim(s). Upon delivery of each such notice, such Note Party
shall be deemed to hereby grant to Agent a security interest and lien in and to such commercial tort claims and all proceeds thereof.

4.2.       Perfection
of Security Interest. Each Note Party shall take all action that is reasonably necessary, or that Agent or the Required Purchasers
may reasonably request, to maintain at all times the validity, perfection, enforceability and priority of Agent’s security
interest in and Lien on the Collateral or to enable Agent to protect, exercise or enforce its rights hereunder and in the Collateral,
including, but not limited to, (i) immediately discharging all Liens other than Permitted Encumbrances, (ii) using commercially
reasonable efforts to obtain Lien Waiver Agreements upon the reasonable request of Agent or the Required Purchasers, (iii) delivering
to Agent, endorsed or accompanied by such instruments of assignment as Agent or the Required Purchasers may specify, and stamping
or marking, in such manner as Agent or the Required Purchasers may specify, any and all chattel paper, instruments, letters of
credits and advices thereof and documents evidencing or forming a part of the Collateral with a value exceeding $500,000, (iv)
using commercially reasonable efforts to enter into warehousing and other custodial arrangements reasonably satisfactory to Agent
and the Required Purchasers upon the reasonable request of Agent or the Required Purchasers, and (v) executing and delivering financing
statements, control agreements, instruments of pledge, mortgages, notices and assignments, in each case in form and substance reasonably
satisfactory to Agent and the Required Purchasers, relating to the creation, validity, perfection, maintenance or continuation
of Agent’s security interest and Lien under the Uniform Commercial Code or other Applicable Law. By its signature hereto,
each Note Party hereby authorizes Agent to file against such Note Party, one or more financing, continuation or amendment statements
pursuant to the Uniform Commercial Code in form and substance satisfactory to the Required Purchasers (which statements may have
a description of collateral which is broader than that set forth herein). Each Note Party authorizes Agent at any time and from
time to time to file, one or more financing or continuation statements and amendments thereto, relating to the Collateral (including,
without limitation, any such financing statements that describe the Collateral as “all assets” or “all personal
property” (or words of similar effect) or that describe or identify the Collateral by type or in any other manner as the
Required Purchasers may agree). All charges, expenses and fees Agent may incur in doing any of the foregoing, and any local taxes
relating thereto, shall be paid to Agent immediately upon demand.

4.3.       Disposition
of Collateral. Each Note Party will safeguard and protect all Collateral for Agent’s general account and make no disposition
thereof whether by sale, lease or otherwise except to the extent permitted pursuant to Section 7.1. Notwithstanding anything contained
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event shall Agent be obligated to
execute or deliver any document evidencing any release or re-conveyance of Collateral without receipt of a certificate
executed by the Chief Financial Officer or Controller of the Issuer certifying that such release complies with this Agreement
and the other Note Documents, and that all conditions precedent to such release or re-conveyance have been complied with.

4.4.       Preservation
of Collateral. Following the occurrence and during the continuance of an Event of Default, in addition to the rights and remedies
set forth in Section 11.1 hereof, Agent: (a) may at any time take such steps as may be reasonably necessary to protect Agent’s
interest in and to preserve the Collateral, including the hiring of such security guards or the placing of other security protection
measures; (b) may employ and maintain at any of any Note Party’s premises a custodian who shall have full authority to do
all acts reasonably necessary to protect Agent’s interests in the Collateral; (c) may lease warehouse facilities to which
Agent may move all or part of the Collateral; (d) may use any Note Party’s owned or leased lifts, hoists, trucks and other
facilities or equipment for handling or removing the Collateral; and (e) shall have, and is hereby granted, a right of ingress
and egress to the places where the Collateral is located, and may proceed over and through any of the Note Parties’ owned
or leased property. Each Note Party shall cooperate fully with all of Agent’s efforts to preserve the Collateral and will
take such actions to preserve the Collateral as Agent may reasonably direct. All of Agent’s actual, reasonable expenses of
preserving the Collateral, including any expenses relating to the bonding of a custodian, shall be charged to the Issuer.

4.5.       Ownership
of Collateral.

(a)       With
respect to the Collateral, at the time the Collateral becomes subject to Agent’s security interest: (i) each Note Party
shall be the sole owner of and fully authorized and able to sell, transfer, pledge and/or grant a secondfirst
priority security interest in each and every item of its respective Collateral (other than, so long as the Revolving
Credit Facility shall not have been terminated, the Revolving Credit Priority Collateral, in which each Note Party shall be able
to grant a thirdsecond priority security interest) to Agent; and, except
for Permitted Encumbrances the Collateral shall be free and clear of all Liens and encumbrances whatsoever; and (ii) Equipment
and Inventory owned by the Note Parties with a fair market value in excess of $250,000 shall be located as set forth on Schedule
4.5 (as such Schedule may be amended and updated from time to time pursuant to clause (c) of this Section 4.5) and shall not be
removed from such location(s) without the prior written consent of Agent except (A) with respect to the sale of Inventory in the
Ordinary Course of Business and dispositions of Equipment and other assets to the extent permitted in Section 7.1(b) hereof, (B)
in connection with the providing of services to Customers; (C) with respect to Equipment and Inventory in transit from one such
location to another such location; and (D) with respect to Equipment and Inventory out for repair in the Ordinary Course of Business.

(b)(i)There
is no location at which the Note Parties have any Inventory with a fair market value exceeding $250,000 (except for (A) Inventory
temporarily stored at third party locations in connection with the providing of services to Customers and (B) Inventory in transit)
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4.5; (ii) Schedule 4.5 hereto contains a correct and complete list, as of the Closing
Date, of the legal names and addresses of each
warehouse at which Inventory of the Note Parties is stored with a fair market value exceeding $250,000; none of the receipts
received by any Note Party from any warehouse states that the goods covered thereby are to be delivered to bearer or to the
order of a named Person or to a named Person and such named Person’s assigns; (iii) Schedule 4.5 hereto sets forth a
correct and complete list as of the Closing Date of (A) each place of business of each Note Party and (B) the chief executive
office of each Note Party; and (iv) Schedule 4.5 hereto sets forth a correct and complete list as of the Closing Date of the
location, by state and street address, of all Real Property owned or leased by each Note Party, together with the names and
addresses of any landlords.

(c)       Subject
to providing at least three (3) Business Days’ prior written notice, together with the provision of an update to Schedule
4.5 to reflect such changes and compliance with Section 4.2, the Note Parties may store Equipment or Inventory with a fair market
value in excess of $250,000 at a new owned or leased location; provided, that such notice and update to Schedule 4.5 shall
reflect whether such new location is owned or leased.

4.6.       Defense
of Agent’s and Purchasers’ Interests. Until (a) payment and performance in full of all of the Obligations and (b)
termination of this Agreement, Agent’s interests in the Collateral shall continue in full force and effect. During such period
no Note Party shall, without Agent’s or the Required Purchasers’ prior written consent (with the Agent’s consent
to be given pursuant to the written direction of the Required Purchasers), pledge, sell, assign, transfer, create or suffer to
exist a Lien upon or encumber or allow or suffer to be encumbered in any way except for Permitted Encumbrances and to the extent
permitted by this Agreement, any part of the Collateral. Each Note Party shall defend Agent’s interests in the Collateral
with a fair market value of $500,000 or greater against any and all Persons whatsoever except with respect to Permitted Encumbrances.
At any time following acceleration of the Obligations in accordance with Section 11.1, Agent shall have the right to take possession
of the indicia of the Collateral and the Collateral in whatever physical form contained, including: labels, stationery, documents,
instruments and advertising materials. If Agent exercises this right to take possession of the Collateral, the Note Parties shall,
upon demand, assemble it in the best manner possible and make it available to Agent at a place reasonably convenient to Agent.
In addition, with respect to all Collateral, Agent and the Purchasers shall be entitled to all of the rights and remedies set forth
herein and further provided by the Uniform Commercial Code or other Applicable Law. At any time following acceleration of the Obligations
in accordance with Section 11.1, each Note Party shall, upon Agent’s or the Required Purchasers’ written request, and
Agent may, at its option, instruct all suppliers, carriers, forwarders, warehousers or others receiving or holding cash, checks,
Inventory, documents or instruments in which Agent holds a security interest to deliver same to Agent and/or subject to Agent’s
order and if they shall come into any Note Party’s possession, they, and each of them, shall be held by such Note Party in
trust as Agent’s trustee, and such Note Party will immediately deliver them to Agent in their original form together with
any necessary endorsement.

4.7.       Books
and Records. Each Note Party shall (a) keep proper books of record and account in which full, true and correct entries will
be made in all material respects, of all dealings or transactions of or in relation

    
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to its business and affairs; (b) set
up on its books accruals with respect to all taxes, assessments, charges, levies and claims; and (c) on a reasonably current basis
set up on its books, from its earnings, allowances against doubtful Receivables, advances and investments and all other proper
accruals (including by reason of enumeration, accruals for premiums, if any, due on required payments and accruals for depreciation,
obsolescence, or amortization of properties), which should be set aside from such earnings in connection with its business. AllSubject
to Section 1.1, all determinations pursuant to this subsection shall be made in accordance with, or as required by,
GAAP consistently applied in the opinion of such independent public accountant as shall then be regularly engaged by the Note
Parties.

4.8.       Financial
Disclosure. Each Note Party hereby irrevocably authorizes and directs all accountants and auditors employed by such Note Party
at any time to exhibit and deliver to Agent and each Purchaser copies of any of such Note Party’s and the Restricted Subsidiaries’
financial statements, trial balances or other accounting records of any sort in the accountant’s or auditor’s possession,
and to disclose to Agent and each Purchaser any information such accountants may have concerning such Note Party’s and the
Restricted Subsidiaries’ financial status and business operations, other than any disclosure of information (x) material
to Issuer’s and its Restricted Subsidiaries’ business if such disclosure would result in the loss of the applicable
accountant-client privilege (if any) or (y) which disclosure would violate in any material respect confidentiality obligations
owing to a third party.

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

4.10.       Inspection
of Premises. At all reasonable times Agent and each Purchaser shall have full access to and the right to audit, check, inspect
and make abstracts and copies from each of Holding’s, Issuer’s and its Restricted Subsidiaries’ books, records,
audits, correspondence and all other papers relating to the Collateral and the operation of each such Person’s business (other
than any information protected by attorney-client privilege or the disclosure of which would violate confidentiality obligations
owed to third parties), provided that, Agent and Purchasers shall use commercially reasonable efforts to minimize any disruption
to the normal business operations of such Person resulting from such access and activities. To the extent such access does not
disrupt the normal business operations of Holdings, the Issuer and its Restricted Subsidiaries, Agent, any Purchaser
and their agents may enter (upon prior written notice and at its own expense in the absence of a continuing Event of Default) upon
any premises of any such Person at any time during business hours and at any other reasonable time, and from time to time, for
the purpose of inspecting the Collateral and any and all records pertaining thereto and the operation of such Person’s business.

4.11.       Insurance.
Each Note Party and Restricted Subsidiary shall (a) keep all its insurable properties insured against the hazards of fire, flood,
sprinkler leakage, those hazards covered by extended coverage

    
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 insurance and such other
hazards, and for such amounts, as is customary in the case of companies engaged in businesses similar to such Person’s
(including business interruption) under policies issued by financially sound and reputable insurance companies; (b) maintain
a bond in such amounts as is customary in the case of companies engaged in businesses similar to such Person insuring against
larceny, embezzlement or other criminal misappropriation of insured’s officers and employees; (c) maintain all such
worker’s compensation or similar insurance as may be required under the laws of any state or jurisdiction in which such
Person is engaged in business; (d) maintain public liability insurance against claims for personal injury, death or property
damage suffered by others and other similar hazards (including any such liability insurance required to be maintained by the
Note Parties and Restricted Subsidiaries under the terms of Material Contracts) for such amounts, as is customary in the case
of companies engaged in businesses similar to such Person’s under policies issued by financially sound and reputable
insurance companies, (e) maintain insurance against risks with respect to Hazardous Discharges and Releases and others
similar hazards, and for such amounts, as is customary in the case of companies engaged in businesses similar to such
Person’s under policies issued by financially sound and reputable insurance companies; and (f)(i) furnish Agent and the
Purchasers with copies of all policies and evidence of the maintenance of such policies at Agent’s or the
Required Purchasers’ request, and (ii) furnish Agent and the Purchasers with appropriate loss payable endorsements in
form and substance reasonably satisfactory to the Required Purchasers, naming lender loss payee and additional insured as its
interests may appear with respect to all insurance coverage referred to in clause (a) and (e) above. Each of the Issuer and
its Restricted Subsidiaries at all times shall maintain the assets and Real Property of such Note Party so that such
insurance shall remain in full force and effect. Each Note Party shall bear the full risk of any loss of any nature
whatsoever with respect to the Collateral.

4.12.       Failure
to Pay Insurance. If either the Issuer or any Restricted Subsidiary fails to obtain insurance as hereinabove provided, or to
keep the same in force, Agent, if the Agent or the Required Purchasers so elect, may obtain such insurance and pay the premium
therefor on behalf of such Restricted Subsidiary, and charge the Issuer therefor, and such expenses so paid shall be part of the
Obligations.

4.13.       Payment
of Taxes. Each of the Issuer and its Restricted Subsidiaries will pay, when due, all material taxes, assessments and other
Charges lawfully levied or assessed upon such Person or, in the case of a Note Party, any of the Collateral, including real and
personal property taxes, assessments and charges and all franchise, income, employment, social security benefits, withholding,
and sales taxes, except in each case, to the extent the same has been Properly Contested. If any such taxes, assessments, or other
Charges remain unpaid after the date fixed for their payment, or if any claim shall be made which, in Agent’s or any Purchaser’s
opinion, may possibly create a valid Lien on the Collateral, the Purchasers may without notice to the Issuer pay the taxes, assessments
or other Charges and the Issuer hereby indemnifies and holds Agent and each Purchaser harmless in respect thereof. Unless an Event
of Default shall have occurred and remain continuing the Purchasers shall not pay any taxes, assessments on Charges to the extent
that the Issuer or any Restricted Subsidiary has Properly Contested such taxes, assessments or Charges. The amount of any payment
by the 

    
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Purchasers under this Section 4.13
shall be added to the Obligations and, until the Issuer shall furnish the Purchasers with an indemnity therefor (or supply
the Purchasers with evidence satisfactory to the Required Purchasers that due provision for the payment thereof has been
made), the Purchasers may hold without interest any balance standing to the Issuer’s credit and Agent shall retain
its security interest in and Lien on any and all Collateral held by Agent for the benefit of the Purchasers.

4.14.       Vehicles.
Within the time specified in Section 6.14
and, with respect to any Vehicles constituting Collateral acquired by such Note Party subsequent to the date hereof, within 30
days after the date of acquisition thereof (or longer if agreed to by the Required Purchasers), all applications for certificates
of title/ownership indicating Agent’s second
priority security
interest in the Vehicle (or,
in the case of Vehicles constituting ABL Equipment,
third priority security interest) covered by such certificate, and any other
necessary documentation, shall be filed in each office in each jurisdiction
which Agent or the Required Purchasers
shall deem advisable to perfect
Agent’s security interests
in the Vehicles;
provided that, in no event shall the security interests of any Person other than the security interests of the Agent be recorded
on any such certificate of title/ownership as a first priority security interest.

4.15.       Receivables.

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

(b)       [RESERVED].

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

(d)       [RESERVED].

(e)       Notification
of Assignment of Receivables. Subject to the Intercreditor Agreement, at any time following the occurrence and during the continuance
of an Event of Default, Agent shall have the right to send notice of the assignment of, and Agent’s security interest in
and Lien on, the Receivables to any and all Customers or any third party holding or otherwise concerned with any of the Collateral.
At any time after the occurrence and during the continuance of an Event of Default, Agent shall have the sole right to collect
the Receivables, take possession of the Collateral, or both. Agent’s actual collection expenses, including, but not limited
to, stationery and postage, telephone and telegraph, secretarial and clerical expenses and the salaries of any collection personnel
used for collection, may be charged to the Issuer and added to the Obligations.

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

(g)       No
Liability. Neither Agent nor any Purchaser shall, under any circumstances or in any event whatsoever, have any liability for
any error or omission or delay of any kind occurring in the settlement, collection or payment of any of the Receivables or any
instrument received in payment thereof, or for any damage resulting therefrom other than as a result of Agent’s or such Purchaser’s
gross negligence or willful misconduct. Following the occurrence and during the continuance of an Event of Default, Agent may,
without notice or consent from any Note Party, sue upon or otherwise collect, extend the time of payment of, compromise or settle
for cash, credit or upon any terms any of the Receivables or any other securities, instruments or insurance applicable thereto
and/or release any obligor thereof. Agent is authorized and empowered to accept following the occurrence and during the continuance
of an Event of Default the return of the goods represented by any of the Receivables, without notice to or consent by any Note
Party, all without discharging or in any way affecting any Note Party’s liability hereunder.

    
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(h)       [RESERVED].

(i)       Deposit
Accounts, Securities Accounts and Investment Accounts.

(i)       All
deposit accounts, securities accounts and investment accounts of each Note Party and its Subsidiaries as of the Closing Date are
set forth on Schedule 4.15(i) (which such schedule shall be updated from time to time and attached to each Compliance Certificate
delivered pursuant to Section 9.7 if, since the Closing Date or the date of the last notification (as applicable), any Note Party
has acquired any additional deposit accounts, securities accounts or investment accounts). No Note Party shall open any new deposit
account, securities account or investment account unless such account is to be maintained with the Agent or with a bank, depository
institution or securities intermediary that is not the Agent, provided however, that in connection with any account not
maintained with the Agent, such bank, depository institution or securities intermediary, each applicable Note Party and Agent shall
first have entered into an account control agreement in form and substance reasonably satisfactory to Agent and the Required Purchasers
sufficient to give Agent “control” (for purposes of Articles 8 and 9 of the Uniform Commercial Code) over such account;
provided further, that notwithstanding anything to the contrary provided for in this Agreement, the Note Parties need not
comply with the foregoing requirements of this Section 4.15(i) with respect to (1) any deposit accounts in which the total amount
of funds on deposit therein or credited thereto do not exceed at any one time either $100,000 as to any one such deposit account
or $250,000 as to all such deposit accounts taken together or (2) any deposit accounts used exclusively for trust, payroll, payroll
tax or petty cash purposes or employee wage or welfare benefit payments so long as the Note Parties shall not maintain funds on
deposit therein or credited thereto at any time in excess of the amounts necessary to fund such trust, payroll, payroll tax or
petty cash obligations and any related payroll processing expenses routinely paid from such accounts on a current basis.

(ii)       Notwithstanding
anything to the contrary, proceeds of the Collateral (whether by way of disposition or otherwise) shall, to the extent not constituting
Revolving Credit Priority Collateral, be deposited in an account maintained with the Agent or with a bank, depository institution
or securities intermediary, subject to an account control agreement in form and substance reasonably satisfactory to the Agent
and the Required Purchasers sufficient to give Agent “control” (for purposes of Article 8 and 9 of the Uniform Commercial
Code) over such account and subject to no other Liens other than Liens created under any Note Document in favor of the Agent for
the benefit of the Purchasers and non-consensual Liens constituting Permitted Encumbrances.

(j)       Adjustments.
Except as permitted pursuant to Section 7.1(b)(vi), no Note Party will, without Agent’s or the Required Purchasers’
consent, compromise or adjust any Receivables (or extend the time for payment thereof) or accept any returns of merchandise or
grant any additional material discounts, allowances or credits thereon except for those compromises, adjustments, returns, discounts,
credits and allowances as have been heretofore customary in the Ordinary Course of Business of such Note Party.

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

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

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

4.19.       Environmental
Matters.

(a)       Holdings,
the Issuer and its Restricted Subsidiaries shall ensure that the Real Property and all operations and businesses conducted
thereon, and all operations and business conducted by Holdings, the Issuer and theits
Restricted Subsidiary on real property owned or operated by Customers (“Customer Real Property”),
remain in material compliance with all Environmental Laws, and they shall not place or permit to be placed any Hazardous Substances
on or at any Real Property or any Customer Real Property except as permitted by Applicable Law or appropriate governmental authorities.

(b)       Holdings,
the Issuer and its Restricted Subsidiaries shall establish and maintain a system to assure and monitor continued compliance
of such Persons’ operations and businesses with all applicable Environmental Laws, which system shall include periodic reviews
of such compliance.

(c)       [reserved]

(d)       In
the event any of Holdings, the Issuer or any or its Restricted Subsidiary
obtains, gives or receives written notice of any Release or written threat of Release of a reportable quantity of any Hazardous
Substances at the Real Property or any Customer Real Property that could reasonably be expected to result in a

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

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

(f)       Holdings,
the Issuer and its Restricted Subsidiaries shall respond promptly to any Hazardous Discharge or Environmental Complaint
and take all Remedial Actions required by Environmental Law or the Authority; provided, however, it shall not be required to undertake
such Remedial Action or Environmental Complaint to the extent that its obligation to do so is being contested in good faith and
by proper procedure. If any such Person shall fail to respond promptly to any Hazardous Discharge as required by Environmental
Law or the Authority, which such failure would reasonably be expected to have a Material Adverse Effect, Agent on behalf of Purchasers
may, but without the obligation to do so, for the sole purpose of protecting Agent’s interest in the Collateral: (i) give
such notice or (ii) enter onto the Real Property (or authorize third parties to enter onto the Real Property) and take such Remedial
Actions required by Environmental Law or the Authority with respect to any such Hazardous Discharge or Environmental Complaint.
All reasonable costs and expenses incurred by Agent and Purchasers (or such third parties) in the exercise of any such rights,
including any sums paid in connection with any judicial or administrative 

    
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investigation or proceedings,
fines and penalties, together with interest thereon from the date expended at the Default Rate shall be paid by the Issuer
within thirty (30) business days of written demand by Agent, and until paid shall be added to and become a part of the
Obligations secured by the Liens created by the terms of this Agreement or any other agreement between Agent, any Purchaser
and any Note Party.

(g)       In
the event there is a Hazardous Discharge or a failure to comply with Environmental Laws at the Real Property or any Customer Real
Property, which in either case is reasonably likely to have a Material Adverse Effect, Holdings, the Issuer and
its Restricted Subsidiaries shall comply with all reasonable requests for information made by the Agent or the Required Purchasers
with respect to such Hazardous Discharge or failure to comply with Environmental Laws. Such information reasonably requested may
include, at the Issuer’s expense, an environmental site assessment or environmental compliance audit of Real Property owned
by Holdings, the Issuer or any of its Restricted Subsidiaries, to be prepared by a nationally recognized environmental
consulting or engineering firm, to assess such Hazardous Discharge or non-compliance with Environmental Laws; provided,
however, that any environmental site assessment, environmental compliance audit or similar report acceptable to an appropriate
Authority that is charged to oversee any Remedial Action related to such Hazardous Discharge or failure to comply with Environmental
Laws shall be deemed acceptable to Agent and the Required Purchasers.

(h)       The
Note Parties shall defend and indemnify Agent and Purchasers and hold Agent, Purchasers and their respective employees, agents,
directors and officers harmless from and against all loss, liability, damage and expense, claims, costs, fines and penalties, including
attorney’s fees, suffered or incurred by Agent or Purchasers under or on account of any Environmental Laws, including the
assertion of any Lien thereunder, with respect to any Hazardous Discharge or the presence of any Hazardous Substances affecting
the Real Property or any Customer Real Property whether or not the same originates or emerges from the Real Property or any contiguous
real estate, except to the extent such loss, liability, damage and expense is attributable to any Hazardous Discharge or presence
of Hazardous Substances resulting from actions on the part of Agent, the Purchasers or their respective employees, agents, directors
or officers as provided for in this Agreement. The Note Parties’ respective obligations under this Section 4.19 shall arise
upon the discovery of the presence of any such Hazardous Substances or Hazardous Discharge, whether or not any federal, state,
or local environmental agency has taken or threatened any action in connection with the presence of any such Hazardous Substances
or Hazardous Discharge. The Note Parties’ obligation and the indemnifications hereunder shall survive until payment in full
of the Obligations and termination of this Agreement.

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

4.21.       [RESERVED]Reserved].

    
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4.22.       Mortgages
Within the time specified in Section 6.14 and, with respect to any Material Real Property acquired by such Note Party subsequent
to the Closing Date, within ninety (90) days after the date of acquisition thereof (or longer if agreed to by the Required Purchasers),
the Agent and the Purchasers shall have received each of the following documents with respect to each Mortgaged Property, which
shall be in form and substance reasonably acceptable to the Required Purchasers. For the avoidance of doubt, neither the Agent
nor the Purchasers shall be responsible for the failure of any Person to deliver the documents below, for monitoring such delivery
or for the content or correctness of any document delivered to it.

(a)       Insurance.
Policies or certificates of insurance covering each Mortgaged Property and assets of the Note Parties thereon, which policies or
certificates shall be in form and substance reasonably acceptable to the Required Purchasers and reflect the Agent for the benefit
of the Purchasers, as additional insured and loss payee and mortgagee and shall otherwise bear endorsements of such type and in
such amounts as are customarily carried under similar circumstances for properties used for the same or similar businesses or purposes
as the Mortgaged Properties and are otherwise reasonably acceptable to the Required Purchasers;

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

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

(d)       Counsel
Opinions. Opinions of local counsel in each jurisdiction where the Mortgaged Property is located covering, among other things,
the enforceability, due authorization, execution, delivery and perfection of the Mortgages and any related fixture filings, and
other matters customarily included in such opinions, addressed to the Agent and in form and substance reasonably acceptable to
the Required Purchasers;

    
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(e)       Fixture
filings. Proper fixture filings under the Uniform Commercial Code on Form UCC-1 for filing under the Uniform Commercial Code
in each jurisdiction in which the Mortgaged Property is located to perfect the security interests in fixtures purported to be created
by the Mortgages in favor of the Agent for its benefit and the benefit of the Purchasers (unless with respect to a Mortgaged Property,
the applicable Mortgage is sufficient to constitute a fixture filing under applicable law);

(f)       Title
insurance. A fully paid extended coverage policy of title insurance issued by a nationally recognized title insurance company
selected by the Note Parties (the “Title Company”) (or a marked title insurance commitment or commitments having
the effect of a policy or policies of title insurance) insuring the secondfirst
priority mortgage lien of each Mortgage as a valid secondfirst
priority mortgage lien on each Mortgaged Property, free and clear of all liens, encumbrances, conditions, restrictions and other
exceptions to title, except for any Permitted Encumbrances and any other matters expressly approved by the Required Purchasers
in writing, together with such endorsements, coinsurance and reinsurance as the Required Purchasers may reasonably request and
which are available at commercially reasonable rates in the applicable jurisdiction (the “Title Policy”);

(g)       Survey.
For each Mortgaged Property, either an ALTA survey in a form and substance reasonably acceptable to the Required Purchasers or
an existing ALTA survey together with a no-change affidavit sufficient for the Title Company to remove the standard survey exception
to coverage from the applicable Title Policy and issue any survey-related endorsements required by the Required Purchasers;

(h)       Zoning.
Evidence of the zoning classification of the Mortgaged Property, with explanation of the same attached, from an appropriate governmental
office or agency, and reasonably satisfactory to the Required Purchasers;

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

(j)       Consents.
Any consents, approvals, amendments, supplements, estoppels, tenant subordination agreements or other instruments, the delivery
of which is necessary to consummate the transactions contemplated herein;

(k)       Collateral
Fees and Expenses. Evidence of payment by the Issuer of all actual costs, fees, charges, expenses and taxes (including mortgage
recording taxes or similar charges) required for, or relating to, the recording of the Mortgages and, if applicable, the fixture
filings, and the issuance of the Title Policies.

4.23.       Intercreditor
Agreement. Notwithstanding anything
in Article IV
to the contrary,
(i) the liens and
security
interests
granted
to Agent pursuant
to this Agreement in Collateral
that constitutes
Revolving Credit
Priority
Collateral
are expressly
subject and subordinate
to the liens and security
interests granted
in

    
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favor
of the Revolving Credit Secured
Parties
(as defined
in the applicable
Intercreditor
Agreement),
including liens and
security
interests granted
to Agent
pursuant
to or in connection with the
Revolving Credit
Agreement, and
(ii) the liens and
security
interests
granted
to Agent pursuant
to this Agreement in all
Collateral
are expressly
subject and subordinate
to the liens and security
interests granted
in favor of the First
Lien Term Loan
Secured
Parties
(as defined
in the applicable Intercreditor
Agreement),
and (iii) the exercise
of any right
or remedy
with respect
to the Collateral
by Agent
hereunder
is subject to the limitations and
provisions of eachthe
Intercreditor
Agreement.
In the event
of any conflict
between the terms
of eitherthe
Intercreditor
Agreement
and the terms of this Article
IV, the terms of suchthe
Intercreditor
Agreement
shall govern.

4.24. Lien
Priority.
Notwithstanding anything
in this Agreement
to the contrary,
upon the payment
in full of the Indebtedness
of the Note Parties
under the First
Lien Term
Loan
Agreement,
all references
in this Agreement
to the Agent’s
second priority
security
interest in the Collateral
shall be deemed
to refer
to the Agent’s first
priority
security
interest, and, with respect
to the Revolving
Credit
Priority
Collateral
(so long as the Revolving
Credit Facility
shall not have
been terminated
at such time),
all references
to the Agent’s
third priority
interest
shall be deemed
to refer to the Agent’s
second
priority
interest,
in each case
as in effect
prior to the Subject
Transaction Effective
Date.

4.24.       [Reserved].

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

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

		V.	REPRESENTATIONS AND WARRANTIES.

Each Note Party
represents and warrants as follows:

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

5.2.       Formation
and Qualification.

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

(b)       The
only Subsidiaries of each Note Party as of the Closing Date are listed on Schedule 5.2(b).

    
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5.3.       Survival
of Representations and Warranties. All representations and warranties of each Note Party contained in this Agreement and the
other Note Documents shall be true at the time of such Note Party’s execution of this Agreement and the other Note Documents,
and shall survive the execution, delivery and acceptance thereof by the parties thereto and the closing of the transactions described
therein or related thereto.

5.4.       Tax
Returns. Each of the Note Parties’ and the Restricted Subsidiaries’ federal tax identification numbers are set
forth on Schedule 5.4 (as such Schedule may be amended and updated from time to time by written notice from the Issuer to Agent
and the Purchasers in connection with the delivery of a Compliance Certificate pursuant to Section 9.7). Each of the Note Parties
and the Restricted Subsidiaries has filed all federal and state income and all other material tax returns and other reports each
is required by law to file and has paid all material taxes, assessments, fees and other governmental charges that are due and payable,
except those that are being Properly Contested. Federal and material state and local income tax returns of the Note Parties and
the Restricted Subsidiaries have been examined and reported upon by the appropriate taxing authority or closed by applicable statute
and satisfied for all Fiscal Years prior to and including the Fiscal Year ending December 31, 2013. The provisions for taxes on
the books of each of the Note Parties and the Restricted Subsidiaries is adequate in all material respects for all years not closed
by applicable statutes, and for its current Fiscal Year, and none of the Note Parties or the Restricted Subsidiaries has any knowledge
of any material deficiency or additional assessment in connection therewith not provided for on its books.

5.5.       Financial
Statements.

(a)       The
pro forma balance sheet of HoldingsIntermediate Holdco on a Consolidated
Basis (the “Pro Forma Balance Sheet”) furnished to Agent and the Purchasers on the Closing Date reflects the
consummation of the Transactions and is accurate, complete and correct and fairly reflects in all material respects the financial
condition of HoldingsIntermediate Holdco on a Consolidated Basis as of
the Closing Date after giving effect to the Transactions, and has been prepared in accordance with GAAP, consistently applied.
The Pro Forma Balance Sheet has been certified as accurate, complete and correct in all material respects by the Chief Financial
Officer of the Issuer. All financial statements referred to in this subsection 5.5(a), including the related schedules and notes
thereto, have been prepared in accordance with GAAP, except as may be disclosed in such financial statements and the absence of
footnotes and year end adjustments.

(b)       The
twelve-month cash flow projections of HoldingsIntermediate Holdco on
a Consolidated Basis and their projected balance sheets as of the Closing Date, copies of which are annexed hereto as Exhibit
5.5(b) (the “Projections”) were prepared by the Chief Financial Officer of the Issuer, are based on underlying
assumptions which provide a reasonable basis for the projections contained therein and reflect Issuer’s judgment based on
present circumstances of the most likely set of conditions and course of action for the projected period (it being understood
by the parties that projections by their nature are inherently uncertain

    
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and no assurances are being given
that the results reflected in such projections will be achieved). The cash flow Projections together with the Pro Forma
Balance Sheet, are referred to as the “Pro Forma Financial Statements.”

(c)       The
Audited Financial Statements, copies of which have been delivered to Agent and the Purchasers, have been prepared in accordance
with GAAP, consistently applied (except for changes in application in which such accountants concur and present fairly the financial
position of KGH and its Subsidiaries at such dates and the results of their operations for such periods (subject to normal year-end
audit adjustments and the absence of footnotes)). Since December 31, 2013, there has been no change in the condition, financial
or otherwise, of the Note Parties or their Subsidiaries as shown on the consolidated balance sheet as of such date of KGH and its
consolidated Subsidiaries and no change in the aggregate value of machinery, equipment and Real Property owned by the Note Parties
and their respective Subsidiaries, except changes in the Ordinary Course of Business, none of which individually or in the aggregate
has been materially adverse.

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

5.7.       OSHA
and Environmental Compliance.

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

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

(c)       Except
as could not reasonably be expected to have a Material Adverse Effect; (i) there have been no Hazardous Discharges at, upon, under
or within any Real Property or Customer Real Property; (ii) there are no underground storage tanks or polychlorinated biphenyls
on the Real Property; (iii) the Real Property has never been used as a treatment, storage or disposal facility of Hazardous Waste;
and (iv) no Hazardous Substances are present on the Real Property including any premises leased by any of the Note Parties or any
of the Restricted Subsidiaries, excepting such quantities as are handled in accordance with all

    
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applicable manufacturer’s instructions
and governmental regulations and in proper storage containers and as are necessary for the operation of the commercial business
of any of the Note Parties or any of their Restricted Subsidiaries or any of their tenants.

5.8.       Solvency;
No Litigation, Violation, Indebtedness or Default; ERISA Compliance.

(a)       As
of the Fourth Amendment Closing Date, after giving effect to the consummation of the Transactions, including the borrowing of the
loans under the First Lien Term Loan Agreement, (i) the fair value of the assets of each of the Issuer and its Restricted Subsidiaries,
on a stand-alone and consolidated basis, exceeds and will exceed their debts and liabilities, subordinated, contingent or otherwise;
(ii) the present fair saleable value of the property of each of the Issuer and its Restricted Subsidiaries, on a stand-alone and
consolidated basis, is and will be greater than the amount that will be required to pay the probable liability of their respective
debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured;
(iii) each of the Issuer and its Restricted Subsidiaries, on a stand-alone and consolidated basis, is and will be able to pay its
debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured;
and (iv) each of the Issuer and its Restricted Subsidiaries, on a stand-alone and consolidated basis, is not engaged in, and is
not about to engage in, business for which it has unreasonably small capital; provided that, for purposes of this Section 5.8(a),
the amount of any contingent liability at any time shall be computed as the amount that would reasonably be expected to become
an actual and matured liability.

(b)       Except
as disclosed in Schedule 5.8(b), none of the Note Parties or any of the Restricted Subsidiaries has (i) any pending or threatened
(in writing) litigation, arbitration, actions or proceedings which would reasonably be expected to have a Material Adverse Effect
and (ii) indebtedness for borrowed money other than the Obligations and other Permitted Indebtedness.

(c)       None
of the Note Parties nor any of the Restricted Subsidiaries is in violation of any applicable statute, law, rule, regulation or
ordinance in any respect which would reasonably be expected to have a Material Adverse Effect, nor are any of the Note Parties
or the Restricted Subsidiaries in violation of any order of any court, Governmental Body or arbitration board or tribunal in any
respect which would reasonably be expected to have a Material Adverse Effect.

(d)       Neither
the Issuer nor any member of the Controlled Group maintains or is required to contribute to any Pension Benefit Plan, Multiemployer
Plan or self-insured Welfare Plan (as defined in ERISA), other than those listed on Schedule 5.8(d) hereto, (as such Schedule may
be amended and updated from time to time by written notice from the Issuer to Agent and the Purchasers in connection with the delivery
of a Compliance Certificate pursuant to Section 9.7). Except where noncompliance or any liability would not reasonably be expected
to result, individually or in the aggregate, in a Material Adverse Effect, (i) each Plan is in compliance with the applicable provisions
of ERISA, the Code and other federal or state laws, (ii) the Issuer and each member of the Controlled Group has met all applicable
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Section 302 of ERISA and Section
412 of the Code in respect of each Pension Benefit Plan, and each Pension Benefit Plan is in compliance with Sections 412, 430
and 436 of the Code and Sections 206(g), 302 and 303 of ERISA, without regard to waivers and variances; (iii) each Plan which is
intended to be a qualified plan under Section 401(a) of the Code as currently in effect has been determined by the IRS to be qualified
under Section 401(a) of the Code and the trust related thereto is exempt from federal income tax under Section 501(a) of the Code;
(iv) neither the Issuer nor any member of the Controlled Group has incurred any liability to the PBGC other than for the payment
of premiums, and there are no premium payments which have become due which are unpaid; (v) no Pension Benefit Plan has been terminated
by the plan administrator thereof nor by the PBGC, and there is no occurrence which would cause the PBGC to institute proceedings
under Title IV of ERISA to terminate any Pension Benefit Plan; (vi) neither the Issuer nor any member of the Controlled Group has
breached any of the responsibilities, obligations or duties imposed on it by ERISA with respect to any Plan; (vii) neither the
Issuer nor any member of a Controlled Group has incurred any liability for any excise tax arising under Section 4971, 4972 or 4980B
of the Code, and no fact exists which could give rise to any such liability; (viii) neither the Issuer nor any member of the Controlled
Group nor any fiduciary of, nor any trustee to, any Plan, has engaged in a “prohibited transaction” described in Section
406 of ERISA or Section 4975 of the Code nor taken any action which would constitute or result in a Termination Event with respect
to any such Plan which is subject to ERISA; (ix) no Termination Event has occurred or could reasonably be expected to occur; (x)
there exists no event described in Section 4043 of ERISA, for which the thirty (30)-day notice period has not been waived; (xi)
neither the Issuer nor any member of the Controlled Group has engaged in a transaction that could be subject to Section 4069 or
4212(c) of ERISA; (xii) neither the Issuer nor any member of the Controlled Group has withdrawn, completely or partially, within
the meaning of Section 4203 or 4205 of ERISA, from any Multiemployer Plan and there exists no fact which could reasonably be expected
to result in any liability under the Multiemployer Pension Plan Amendments Act of 1980; (xiii) no Plan fiduciary (as defined in
Section 3(21) of ERISA) has any liability for breach of fiduciary duty or for any failure in connection with the administration
or investment of the assets of a Plan; and (xiv) there exists no Unfunded Pension Liability with respect to any Pension Benefit
Plan.

5.9.       Patents,
Trademarks, Copyrights and Licenses. All Registered Intellectual Property owned by any Note Party or any Restricted Subsidiary
are set forth on Schedule 5.9 (as such Schedule may be amended and updated from time to time by written notice from the Issuer
to Agent and the Purchasers in connection with the delivery of a Compliance Certificate pursuant to Section 9.7). The Note Parties
and the Restricted Subsidiaries own or have rights or licenses to all Intellectual Property sufficient to conduct the business
and operations as currently conducted or proposed to be conducted (as of the Fourth Amendment Closing Date), except as otherwise
would not reasonably be expected to result in a Material Adverse Effect. All material Registered Intellectual Property owned by
each Note Party or any Restricted Subsidiary is, to the knowledge of any Note Party or any Restricted Subsidiary, valid and enforceable.
There is no objection to or pending challenge to the validity or enforceability of any such owned material Registered Intellectual
Property (other than with respect to pending applications in the ordinary course of prosecution before the United States Patent
and Trademark Office or other applicable governmental authority) or, to the knowledge of any Note Party, any licensed material
Registered Intellectual Property. As of the Fourth Amendment Closing Date, no Note Party or

    
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any Restricted Subsidiary is aware of
any grounds for any such challenge to such owned or licensed Registered Intellectual Property, except as set forth in Schedule
5.9 hereto. Each item of material Intellectual Property owned by any Note Party or any Restricted Subsidiary consists of material
or property developed by or on behalf of such Note Party or Restricted Subsidiary or was lawfully acquired by such Note Party or
Restricted Subsidiary from the proper and lawful owner thereof, except as otherwise would not reasonably be expected to result
in a Material Adverse Effect. Each Note Party and each Restricted Subsidiary has taken commercially reasonable steps to maintain
all owned Intellectual Property as to preserve the value thereof from the date of creation or acquisition thereof, except as otherwise
would not reasonably be expected to result in a Material Adverse Effect. With respect to all software used by any Note Party or
any Restricted Subsidiary in the operation of any such Note Party’s or any Restricted Subsidiary’s business, as currently
conducted, such Note Party or Restricted Subsidiary owns or possesses valid licenses or other rights to use all such software in
all material respects.

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

5.11.       [RESERVED].

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

5.13.       No
Labor Disputes. None of the Note Parties nor any of the Restricted Subsidiaries is involved in any labor dispute; there are
no strikes or walkouts or union organization of any Note Party’s employees nor any of the Restricted Subsidiaries’
employees threatened or in existence and no labor contract is scheduled to expire during the term of this Agreement, in each case,
that would reasonably be expected to have a Material Adverse Effect.

5.14.       Margin
Regulations. None of the Note Parties nor any of the Restricted Subsidiaries is engaged, nor will any of them engage, principally
or as one of its important activities, in the business of extending credit for the purpose of “purchasing” or “carrying”
any “margin stock” within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors
of the Federal Reserve 

    
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System as now and from time to
time hereafter in effect. No part of the proceeds of the sale of any of the Notes will be used for “purchasing”
or “carrying” “margin stock” as defined in Regulation U of such Board of Governors.

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

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

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

5.18.       [RESERVED].

5.19.       Application
of Certain Laws and Regulations. None of the Note Parties or its Restricted Subsidiaries is subject to any laws, statute, rule
or regulation which regulates the incurrence of any Indebtedness, including laws, statutes, rules or regulations relative to common
or interstate carriers or to the sale of electricity, gas, steam, water, telephone, telegraph or other public utility services.

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

    
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5.21.       Anti-Terrorism
Laws.

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

(b)       Executive
Order No. 13224. None of the Note Parties, Restricted Subsidiaries or any Affiliate of such Note Parties or Restricted Subsidiaries
or their respective agents acting or benefiting in any capacity in connection with the sale and purchase of the Notes, the use
of proceeds thereof, or the other transactions hereunder, is any of the following (each a “Blocked Person”):

(i)       a
Person that is listed in the annex to, or is otherwise subject to the provisions of, the Executive Order No. 13224;

(ii)       a
Person owned or controlled by, or acting for or on behalf of, any Person that is listed in the annex to, or is otherwise subject
to the provisions of, the Executive Order No. 13224;

(iii)       a
Person or entity with which any Purchaser is prohibited from dealing or otherwise engaging in any transaction by any Anti-Terrorism
Law;

(iv)       a
Person or entity that commits, threatens or conspires to commit or supports “terrorism” as defined in the Executive
Order No. 13224;

(v)       a
Person or entity that is named as a “specially designated national” on the most current list published by the U.S.
Treasury Department Office of Foreign Asset Control at its official website or any replacement website or other replacement official
publication of such list, or

(vi)       a
Person or entity who is affiliated or associated with a Person or entity listed above.

None of the Note
Parties, Restricted Subsidiaries or any Affiliate of such Note Party or Restricted Subsidiaries, or any of its agents acting in
any capacity in connection with the sale or purchase of the Notes, the use of proceeds thereof or other transactions hereunder
(i) conducts any business or engages in making or receiving any contribution of funds, goods or services to or for the benefit
of any Blocked Person, or (ii) deals in, or otherwise engages in any transaction relating to, any property or interests in property
blocked pursuant to the Executive Order No. 13224.

5.22.       Trading
with the Enemy. None of the Note Parties or any of the Restricted Subsidiaries has engaged, nor does it intend to engage, in
any business or activity prohibited by the Trading with the Enemy Act.

    
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5.23.       Federal
Securities Laws. As of the Fourth Amendment Closing Date, neither any Note Party nor any of its Restricted Subsidiaries (a)
is required to file periodic reports under the Exchange Act, (b) has any securities registered under the Exchange Act or (c) has
filed a registration statement that has not yet become effective under the Securities Act.

5.24.       Equity
Interests. As of the Closing Date, the authorized and outstanding Equity Interests of each Note Party and each of the Restricted
Subsidiaries is as set forth on Schedule 5.24 hereto. All of the Equity Interests of each Note Party and each of the Restricted
Subsidiaries have been duly and validly authorized and issued, are fully paid and non-assessable and have been sold and delivered
to the holders thereof in compliance with, or under valid exemption from, all federal and state laws and the rules and regulations
of each Governmental Body governing the sale and delivery of securities. As of the Closing Date, except for the rights and obligations
set forth on Schedule 5.24, there are no subscriptions, warrants, options, calls, commitments, rights or agreement by which
any Note Party, or any of the holders of the Equity Interests issued by any Note Party or any of its Restricted Subsidiaries, is
bound relating to the issuance, transfer, voting or redemption of shares of its Equity Interests or any pre-emptive rights held
by any Person with respect to the Equity Interests of the Note Parties and any of their respective Restricted Subsidiaries. Except
as set forth on Schedule 5.24, the Note Parties and any of their respective Restricted Subsidiaries have not issued any securities
convertible into or exchangeable for shares of its Equity Interests or any options, warrants or other rights to acquire such shares
or securities convertible into or exchangeable for such shares.

5.25.       Commercial
Tort Claims. No Note Party is a party to any commercial tort claims exceeding $100,000 (either individually or in the aggregate),
except as set forth on Schedule 5.25 hereto (as such Schedule may be amended and updated from time to time by written notice from
the Issuer to Agent and the Purchasers in connection with the delivery of a Compliance Certificate pursuant to Section 9.7).

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

5.27.       Material
Contracts. As of the Closing Date, Schedule 5.27 sets forth all Material Contracts of the Note Parties and the Restricted
Subsidiaries. All Material Contracts are in full force and effect and, except to the extent such defaults would not, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect, no defaults currently exist thereunder.

    
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5.28.       Registration
of Securities. Except as set forth on Schedule 5.28, none of the NoteParties nor any of the Restricted Subsidiaries
has entered into any agreement to register its debt or equity securities under the Securities Act.

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

5.30.       Eligibility
Requirements. The Notes satisfy the eligibility requirements of Rule 144A(d)(3) as promulgated by the SEC under the Securities
Act, as amended from time to time, and any successor rule or regulation thereof.

5.31.       SEC
Reports. Immediately following the Transactions, none of HoldingsIntermediate
Holdco or any of its Subsidiaries will be required to file any reports with the SEC under Section 13 or 15(d)
of the Exchange Act.

		VI.	AFFIRMATIVE COVENANTS.

Each of the Note
Parties and their Restricted Subsidiaries shall, until payment in full of the Obligations and termination of this Agreement:

6.1.       [RESERVED].

6.2.       Conduct
of Business and Maintenance of Existence and Assets. (a) Actively conduct and operate its business according to good business
practices and maintain all of its properties necessary in its business (including the Collateral) in good working order and condition
in all material respects (reasonable wear and tear excepted and except as may be disposed of in accordance with the terms of this
Agreement), including all Intellectual Property and any licenses under third-party Intellectual Property, subject to the terms
of any such licenses, and take all commercially reasonable actions necessary to enforce and protect the validity of any Intellectual
Property right or other right included in the Collateral, except, in the case of any such Intellectual Property right, where the
failure to do so would not reasonably be expected to have a Material Adverse Effect; (b) preserve, renew and maintain in full force
and effect (i) its legal existence under the laws of the jurisdiction of its organization and (ii) its good standing in the relevant
jurisdictions of organization, and comply in all material respects with the laws and regulations governing the conduct of its business
where the failure to do so would reasonably be expected to have a Material Adverse Effect; (c) make all such reports and pay all
such franchise and other taxes and license fees and do all such other acts and things as may be lawfully required to maintain its
rights, licenses, leases, powers and franchises under the laws of the United States or any 

    
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political subdivision thereof
where the failure to do so would reasonably be expected to have a Material Adverse Effect; (d) promptly inform the Agent in
writing of the establishment of any ECF Account; (e) maintain each of the individual Fracking Fleets in good operating
condition and repair (including, in the case of idle Fracking Fleets, maintenance in accordance with the Fracking Fleet
Preservation Program) in a manner such that each deployed Fracking Fleet shall be, during the period of its deployment,
usable in the ordinary course of business in accordance with Section 5.20 and this Section 6.2, and each idle Fracking Fleet
shall be, once prepared for service in accordance with the Fracking Fleet Preservation Program, capable of deployment and
usable in the ordinary course of business in accordance with Section 5.20 and this Section 6.2; and (f) make such Capital
Expenditures in accordance with the Fracking Fleet Preservation Program as are necessary to (x) conduct and operate its
business according to good business practices, (y) maintain the Required Aggregate Horsepower Amount with respect to the
Fracking Fleets that are either ready for immediate deployment in accordance with the Fracking Fleet Preservation Program or
currently deployed, and (z) satisfy the Minimum Fracking Fleet Requirement.

6.3.       Violations.
Promptly notify Agent and the Purchasers in writing of any violation of any law, statute, regulation or ordinance of any Governmental
Body, or of any agency thereof, applicable to any Note Party which would reasonably be expected to have a Material Adverse Effect.

6.4.       Separateness.
Comply with the following:

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

(b)       Act
solely in its name and through its duly authorized officers, managers, representatives or agents in the conduct of its businesses;

(c)       Conduct
in all material respects its business solely in its own name, in a manner not misleading to other Persons as to its identity (including,
without limiting the generality of the foregoing, all oral and written communications (if any), including invoices, purchase orders,
and contracts);

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

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

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

    
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6.6.       [RESERVED].

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

6.8.       Standards
of Financial Statements. Cause all financial statements referred to in Sections 9.5, 9.6, 9.7, 9.8, 9.9, 9.10, 9.11, and 9.12
as to which GAAP is applicable to be complete and correct in all material respects (subject, in the case of interim financial
statements, to normal year-end audit adjustments and the absence of footnotes) and to be prepared in reasonable detail and in
accordance with GAAP applied consistently throughout the periods reflected therein (except as concurred in by such reporting accountants
or officer, as the case may be, and disclosed therein, including,
on and after the Sixth Amendment Closing Date, any reconciliations to reflect the change from financial statements of KGH to KGI,
including any disclosures set forth in the Financial Statement Reconciliation).

6.9.       Federal
Securities Laws. Promptly notify Agent and the Purchasers in writing if any Note PartyKGH,
the Issuer or any of itstheir respective Subsidiaries (a)
is required to file periodic reports under the Exchange Act, (b) registers any securities under the Exchange Act or (c) files
a registration statement under the Securities Act, except, in each
case, any filings or registrations made as a result of KGI being a public company.

6.10.       Additional
Guarantors; Further Assurances.

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

    
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(b)       Holdings
will, and will cause each of its Restricted Subsidiaries to, at the expense of the Note Parties, make, execute, endorse, acknowledge,
file and/or deliver to the Agent from time to time such confirmatory assignments, conveyances, financing statements, schedules,
transfer endorsements, powers of attorney, certificates, real property surveys, reports, collateral access agreements, landlord
waivers, bailee agreements, control agreements and other assurances or instruments and take such further steps relating to the
Collateral (other than with respect to Collateral that, in the aggregate, does not have a fair market value exceeding $1,000,000)
as the Required Purchasers may reasonably require, as promptly as practicable (and in any event within thirty (30) calendar
days of demand or such longer period as the Required Purchasers may agree in its reasonable discretion), but subject to the limitations
and exceptions set forth in this Agreement and the other Note Documents. Furthermore, Holdings will, and will cause each of its
Restricted Subsidiaries to, deliver to the Agent such opinions of counsel, title insurance policies and other related documents
as may be reasonably requested by the Agent to certify and confirm to the Agent that this Section 6.10 has been complied with,
as promptly as practicable (and in any event within thirty (30) calendar days of such request or such longer period as the
Agent may agree in its reasonable discretion). Notwithstanding anything to the contrary contained in this provision, to
the extent a Note Party grants a lien on or pledges any assets or properties to the First Lien Term Loan Agent to secure the First
Lien Term Loan Debt pursuant to the First Lien Term Loan Documents, including, Section 8.18 of the First Lien Term Loan Agreement,
such Note Party shall also grant a lien on or otherwise pledge such assets or properties to the Agent to secure the Obligations
hereunder, subject to the terms of the applicable Intercreditor Agreement.

(c)       Upon
(w) the formation or acquisition of any new direct or indirect Subsidiary (other than an Excluded Subsidiary) by any Note Party,
(x) the designation in accordance with Section 6.11 of any existing direct or indirect Subsidiary as a Restricted Subsidiary (other
than an Excluded Subsidiary), (y) any existing Excluded Subsidiary ceasing to be an Excluded Subsidiary or (z) any Subsidiary of
the Issuer being added as a borrower, a guarantor, or otherwise is an obligor under, or has granted a Lien on its assets as credit
support for, the Revolving Credit Facility or the First Lien Term Loan Agreement after the date of this Agreement,
then the Issuer shall, as promptly as practicable (and in any event within thirty (30) calendar days or such longer period as the
Agent may agree in its reasonable discretion), cause such Person to become a Guarantor of the Notes and comply with the provisions
of Article IV regarding the grant of security interests in its assets constituting Collateral by executing a supplement to this
Agreement in the form attached hereto as Exhibit 6.10 (an “Additional Guarantor Supplement”), executing a Pledge
Agreement in favor of Agent in respect of any Equity Interests held by it that will constitute Pledged Equity and, unless otherwise
waived by the Required Purchasers, the Issuer will cause its counsel to simultaneously with the delivery of such supplement and
such Guaranty deliver an opinion of counsel, subject to customary exceptions, with respect to, among other matters, the enforceability
of such supplement to this Agreement and to the other Note Documents in form and substance reasonably satisfactory to the Required
Purchasers on the date on which it was added. At any time or from time to time upon the reasonable request of the Required Purchasers
or Agent, the Issuer and each Guarantor will, at 

    
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its expense, promptly (and in any event
within thirty (30) calendar days of such request or such longer period as the Agent may agree in its reasonable discretion)
execute, acknowledge and deliver such further documents and do such other acts and things as the Required Purchasers may reasonably
request in order to ensure that the Obligations under this Agreement and the Notes are guaranteed by the Guarantors and that the
Liens created hereunder and under the other Note Documents continue to constitute valid and perfected secondfirst
priority security interests (or, so long as the Revolving Credit Facility has not been terminated, with respect to
the Revolving Credit Priority Collateral, valid and perfected thirdsecond
priority security interests) in the Collateral.

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

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

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

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

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

		VII.	NEGATIVE COVENANTS.

No Note Party shall,
nor shall they permit any of the Restricted Subsidiaries to, directly or indirectly, until satisfaction in full of the Obligations
(other than unasserted contingent indemnification obligations) and termination of this Agreement:

7.1.       Merger,
Consolidation, Acquisition and Sale of Assets.

(a)       Enter
into any merger, consolidation, liquidation, dissolution or other reorganization with or into any other Person or acquire all
or a substantial portion of the assets or Equity Interests of any Person; permit any other Person to consolidate or merge with
or liquidate or dissolve into it or sell, lease, transfer or otherwise dispose of all of or a substantial portion of all of its
assets to or in favor of any Person, provided, however that (i) any Note Party (other than Holdings) may merge, amalgamate
or consolidate with (x) the Issuer; provided that (a) the Issuer shall be the continuing or surviving Person and (b) the
resulting jurisdiction of reorganization is in the United States or (y) one or more other Restricted Subsidiaries; provided
that when any Person that is a Note Party (other than the Issuer) is merging, amalgamating or consolidating with a Restricted
Subsidiary, a Note Party shall be the continuing or surviving Person unless the resulting investment made in connection with a
Note Party merging, amalgamating or consolidating with a non-Note Party shall otherwise be a Permitted Investment; (ii) (x) any
Subsidiary that is a non-Note Party may merge, amalgamate or consolidate with or into any other Subsidiary that is a non-Note
Party, (y) any Subsidiary (other than the Issuer) may liquidate or dissolve and (z) any Note Party or Subsidiary may change its
legal form and, with respect to clauses (ii)(y) and (ii)(z), the IssuerHoldings
determines in good faith that such action is in the best interest of the IssuerHoldings
and its Subsidiaries and if not materially disadvantageous to the Purchasers (it being understood that in the case
of any change in legal form, the Issuer will remain the Issuer and a Subsidiary that is a Guarantor will remain a Guarantor unless
such Guarantor is otherwise permitted to cease being a Guarantor hereunder and shall be

    
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organized in a jurisdiction in the
United States); (iii) any Restricted Subsidiary may dispose of all or substantially all of its assets (upon voluntary liquidation
or otherwise) to the IssuerHoldings or to anotherany
other Restricted Subsidiary; provided that if the transferor in such a transaction is a Note Party, then (x)
the transferee must be a Note Party or (y) to the extent constituting an investment, such investment must be a permitted investment
pursuant to Section 7.4, so long as (A) no other provision of this Agreement would be violated thereby, (B) such Note Party gives
Agent and the Purchasers at least five (5) Business Days’ prior written notice of such transaction, (C) no Event of Default
shall have occurred and be continuing either before or after giving effect to such transaction, and (D) Agent’s and Purchasers’
rights in any Collateral, including, without limitation, the existence, perfection and priority of any Lien thereon, are not adversely
affected by such transaction; and (iv) so long as no Event of Default has occurred and is continuing or would result therefrom,
a merger, consolidation, amalgamation, dissolution, liquidation, consolidation or sale or acquisition of assets, between the target
and the Issuerany Note Party (other than Holdings), the purpose of which
is to effect a Permitted Acquisition, an investment not prohibited by Section 7.4 or an acquisition of a substantial portion
of the assets of any Person to the extent funded by capital contributions or the proceeds of the
issuance of Equity Interests received by Holdings.

(b)       Sell,
lease, transfer or otherwise dispose of any of its properties or assets, except (i) the sale of Inventory or
Frac Iron in the Ordinary Course of Business, (ii) the disposition of assets from any Note Party or Restricted Subsidiary
to the Issuerany Note Party or any Subsidiary Guarantor, (iii) the disposition
or transfer of obsolete and worn-out Equipment in the Ordinary Course of Business, (iv) (x) non-exclusive licenses or sublicenses
of Intellectual Property granted to any other Person in the Ordinary Course of Business (and any extension or renewal thereof),
and (y) non-material Intellectual Property, including allowing Registered Intellectual Property to lapse or be abandoned, that
are no longer used or useful in the business of any Note Party or Restricted Subsidiary, (v) leasing or subleasing assets in the
Ordinary Course of Business, (vi) subject to at least five (5) Business Days’ written notice of such Sale-Leaseback Transaction
to Agent and the Purchasers, the disposition of Equipment in connection with a Sale-Leaseback Transaction to the extent the Attributable
Indebtedness incurred in connection with such Sale-Leaseback Transaction is permitted pursuant to clause (b) of the defined term
“Permitted Indebtedness”, (vii) any other dispositions or transfers (other than sales, dispositions or transfers of
Receivables); provided, that the aggregate amount of such dispositions or transfers shall not exceed $3,000,000 in the aggregate
since the Fourth Amendment Closing Date and the proceeds of any such dispositions or transfers (x) in the case of all assets (other
than as provided in clause (y) of this proviso)) shall be applied to the repayment of either the First Lien Term Loan
Debt or the Obligations, as applicable, or to purchase assets related to the Fracking Fleet or the Commercial
Agreements and (y) in the case of Revolving Credit Priority Collateral (as defined in the Intercreditor Agreement) while the Revolving
Credit Facility is outstanding, shall be applied in accordance with the Revolving Credit Documents and the Intercreditor Agreement,
(viii) dispositions of Receivables, but only to the extent of a compromise, adjustment, write down or collection thereof or acceptance
of any return of merchandise in connection therewith or the granting of any material discount, allowance or credits thereon, in
each case, in the Ordinary Course of Business, or in connection with the bankruptcy or reorganization of the applicable Customer
and dispositions of any securities received in any such bankruptcy or reorganization, (ix) the use or transfer of cash or Cash
Equivalents in a manner that is not prohibited by this Agreement, (x) the making of an investment that is ,

    
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permitted to be made pursuant to Section
7.4 (xi) the making of a distribution in accordance with Section 7.7, and (xii) dispositions of assets acquired
pursuant to a Permitted Acquisition consummated within 12 months of the date of the proposed disposition (the “Subject
Permitted Acquisition”) so long as (i) the proceeds of any such disposition of assets are used to prepay either
the First Lien Term Loan Debt in accordance with Section 5.02(d) of the First Lien Term Loan Agreement or the Notes in
accordance with Section 2.5(a) hereof (without an option for reinvestment pursuant to Section 2.5(b)), (ii) the assets to be so
disposed are not necessary or economically desirable in connection with the business of the Note Parties thereof and either (x)
the fair market value of the assets to be so disposed do not exceed 25% of the fair market value of the total assets acquired
from the Subject Permitted Acquisition or (y) the amount of EBITDA attributable to the assets to be so disposed does not exceed
25% of the total EBITDA attributable to the total assets acquired in such Subject Permitted Acquisition, and (iii) the assets
to be so disposed are readily identifiable as assets acquired pursuant to the Subject Permitted Acquisition; provided,
that for any such sale, lease, transfer or other disposition pursuant to this Section 7.1(b) (except pursuant to clauses (ii),
(vi) and (ix) or to the Issuer or a Subsidiary Guarantor) shall be for no less than the fair market value of the applicable property
or assets at the time of such transaction, and (xiii) the issuance, offering, transfer or other dispostions
of the Equity Interests of KGI.

7.2.       Creation
of Liens. Create or suffer to exist any Lien or transfer upon or against any of its property or assets now owned or hereafter
acquired, except Permitted Encumbrances.

7.3.       Guarantees.
Become liable upon the obligations or liabilities of any Person by assumption, endorsement or guaranty thereof or otherwise (other
than in respect of the Obligations) except (a) as disclosed on Schedule 7.3, (b) guarantees of Indebtedness permitted under clause
(e) of the definition of “Permitted Indebtedness”, (c) transactions permitted pursuant to Section 7.4 or 7.5 and Permitted
Intercompany Investments, (d) the endorsement of checks in the Ordinary Course of Business, (e) any Keane Completions Lease Guaranty
and any other guaranty of real property lease obligations of any Restricted Subsidiary up to an aggregate amount, as to such Keane
Completions Lease Guaranty and other guaranties, not to exceed $3,000,000 and (f) any guaranty or other contingent obligation (other
than any guaranty of Indebtedness) to the extent a third party requires Holdings or any Restricted Subsidiary to provide such guarantee
and the underlying obligations are otherwise permitted under the terms of this Agreement. For all purposes of this Agreement, the
amount of any assumption, endorsement or guarantee shall be deemed to be an amount equal to the stated or determinable amount of
the related primary obligation, or portion thereof, in respect of which such assumption, endorsement or guarantee is made or, if
not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined in good faith by the
Person assuming, or otherwise endorsing or guaranteeing such obligation.

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

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

7.6.       Subsidiaries
and Joint Ventures. Own or create directly or indirectly any Restricted Subsidiaries other than (a) any Restricted Subsidiary
in existence on the Fourth Amendment Closing Date and (b) any Domestic Subsidiary formed or acquired after the Fourth Amendment
Closing Date that, to the extent not an Excluded Subsidiary, has become a Subsidiary Guarantor by delivering to the Agent a joinder
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and substance reasonably
satisfactory to the Agent. Except for joint ventures in existence on the Fourth Amendment Closing Date, no Note Party shall
be or agree to be, nor shall any Note Party permit any of its Restricted Subsidiaries to be or agree to be, a joint
venture.

7.7.       Distributions.
Pay or make any distribution in respect of any Equity Interest of Holdings or any of its Restricted Subsidiaries or apply any of
its funds, property or assets to the purchase, redemption or other retirement of any Equity Interest, or of any options to purchase
or acquire any such Equity Interest of Holdings or any of its Restricted Subsidiaries except: (A) to the extent and in
accordance with the terms and conditions set forth in clauses (i) through (vi) below and (B) so long as a notice of termination
with regard to this Agreement shall not be outstanding and no Event of Default shall have occurred and be continuing or would occur
after giving pro forma effect to the distribution or payment described in this clause (B), and subject to written certification
provided to the Agent as to the purpose and amount of such distribution or payment (such certification to be provided in the Compliance
Certificate delivered pursuant to Section 9.8), to its members or partners (as applicable), in an amount sufficient to enable the
direct and indirect members of KGH to pay projected tax liabilities attributable to allocations of taxable income by KGH to them
(“Tax Distributions”) using an assumed tax rate equal to the highest effective marginal combined
U.S. federal, state, and local income tax rate prescribed for an individual resident in New York, New York (the “Assumed
Tax Rate”); provided that (i) Tax Distributions from and after the Fourth Amendment Closing
Date will be calculated based on the taxable income of KGH from such Fourth Amendment Closing Date, and in the case of Tax Distributions
with respect to taxable years after the taxable year that includes such Fourth Amendment Closing Date (the “Closing
Date Year”), shall take into account allocations of taxable losses with respect to the Closing Date Year and
later taxable years such that Tax Distributions shall be required only to the extent aggregate allocations of taxable income from
and after the Closing Date Year (with respect to which Tax Distributions have not been made) exceed such aggregate allocations
of taxable losses; (ii) Tax Distributions shall be paid not more than ten (10) days prior to April 15, June 15, September 15 and
December 15 of each year based upon the determination by the tax matters partner of KGH of the amount equal to (x) the product
of (A) the amount of taxable income allocated to each member of KGH for the period beginning in January of each such year and ending
on March 31, May 31, August 31 and December 31 as if each such period were a taxable year and (B) the Assumed Tax Rate (such product,
the “Baseline Tax Distribution Methodology”) minus (y) Tax Distributions previously made by
the Company with respect to any prior period within the same taxable year; provided that if taxable income
is not allocated to the Class A Members of KGH pro rata in accordance with the number of Class A Units held by each Class A Member
of KGH, then (i) KGH shall determine the Class A Member who has the greatest tax liability on a per-Class A Unit basis determined
assuming such Class A Member is subject to tax at the Assumed Tax Rate with respect to the taxable income allocated to such Class
A Member by KGH (the “High Tax Member”), (ii) Holdings shall make Tax Distributions to KGH
in an amount sufficient to allow the High Tax Member to pay his tax liability as so calculated and (iii) Holdings shall make Tax
Distributions to KGH in an amount equal, on a per-Class A Unit basis, to the Tax Distribution received by the High-Tax Member (the
“Class A Member Tax Distribution Methodology”); provided further that
the Tax Distribution shall be calculated on the basis of the Baseline Tax Distribution Methodology and not the Class A Member Tax
Distribution Methodology once the aggregate amount of Tax Distributions made in respect of the Class A Members calculated on the
basis of the Class A Member Tax Distribution Methodology exceeds the aggregate 

    
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amount of Tax Distributions
that would have been distributed in respect of the Class A Members had such Tax Distributions been calculated on the basis of
the Baseline Tax Distribution Methodology by $15,000,000 (provided that, in the event the cumulative EBITDA
for the relevant Fiscal Years exceeds $906,000,000, such $15,000,000 shall be increased proportionally). The Compliance Certificate
shall, inter alia, include the calculation of the Tax Distributions for the Class A Members on the basis of the Class A Member
Tax Distribution Methodology and the Baseline Tax Distribution Methodology and shall set forth the aggregate amount by which the
amount of Tax Distributions made in respect of the Class A Members calculated on the basis of the Class A Member Tax Distribution
Methodology exceeds the aggregate amount of Tax Distributions that would have been distributed in respect of the Class A Members
had such Tax Distributions been calculated on the basis of the Baseline Tax Distribution Methodology. For purposes of this Section
7.7, “Class A Units” and “Class A Member” have the meanings ascribed to those terms in the Third Amended
and Restated Limited Liability Company Agreement of Keane Group Holdings LLC, dated as of the Fourth Amendment Closing Date, as
in effect on the date hereof. To the extent that it shall be determined that the amount of any Tax Distributions have been underpaid
or overpaid for any period (whether as a result of audit or other adjustments to KGH's taxable income or otherwise), Holdings
will adjust future Tax Distributions to take into account such overpayment or underpayment; provided that
if it is determined that a Tax Distribution was overpaid by $5,000,000 or more, the direct or indirect members of KGH will each
repay to KGH their shares of such Tax Distribution, and KGH shall repay any amount so received to Holdings:

(i)       each
Restricted Subsidiary of the IssuerHoldings may pay dividends and distributions
to the IssuerHoldings and the other Restricted Subsidiaries of the
IssuerHoldings (and in the case of a dividend or distribution by a non-wholly
owned Restricted Subsidiary, to the IssuerHoldings and any other Restricted
Subsidiary and to each other owner of Equity Interests of such non-wholly owned Restricted Subsidiary based upon their relative
ownership interests of the relevant class of Equity Interests);

(ii)       so
long as no Event of Default has occurred and is continuing or would result therefrom, Holdings and its Restricted Subsidiaries
may (or may make dividends and distributions, the proceeds of which may be used by Holdings and/or any direct or indirect
Parent to) repurchase, redeem, retire or otherwise acquire for value Equity Interests (including any stock appreciation
rights or profit interests in respect thereof) of Keane Investor (to the extent related to Keane
Investor’s direct or indirect ownership of Holdings), Holdings (or its direct or indirect parent), the Issuer
or any of its Restricted Subsidiaries from current or former employees, directors or officers of
Holdings or any of its Subsidiaries, provided that the aggregate cash payments in respect of such repurchases,
redemptions, retirements and acquisitions shall not exceed $5,000,000 in any Fiscal Year; and provided further that at such time,
if any, as such aggregate cash payments made in any Fiscal Year exceed $2,500,000, then any such additional cash payments made
during such fiscal year may be made only if (x) after giving effect to each such additional cash payment, the Issuer shall be
in pro forma compliance with Section 6.5 (whether or not in effect), measured as at the end of the applicable Pro Forma Testing
Period and calculated on a pro forma basis assuming that such payment had been made on the first day of such Pro Forma Testing
Period, and (y) no later than five (5) Business Days prior to the making of such payment, the Issuer shall deliver a certificate
of the Chief Financial Officer or Controller of the Issuer certifying that the conditions of the preceding clause (x) were satisfied
with respect to the making of such payment;

    
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(iii)       (a)
Holdings and its Restricted Subsidiaries may make non-cash repurchases of Equity Interests of Holdings (or its direct or indirect
Parent), the Issuer or any Restricted Subsidiary deemed to occur upon exercise of stock options or similar equity incentive awards
if such Equity Interest represents a portion of the exercise price of such options or similar equity incentive awards, and (b)
Holdings and its Restricted Subsidiaries may pay cash, in lieu of the issuance of fractional shares, upon the exercise of options,
warrants or upon the conversion or exchange of Equity Interests of Holdings (or a direct or indirect Parent);

(iv)       Holdings
and its Restricted Subsidiaries may make other distributions to pay customary fees and reimbursement of reasonable out of pocket
costs of, and customary indemnities provided to or on behalf of, Holdings’ (or a direct or indirect Parent’s) directors
and officers attributable to the ownership or operations of the Issuer and its Subsidiaries; and

(v)       so
long as no Event of Default has occurred and is continuing or would result therefrom, the IssuerKGH
and its Restricted Subsidiaries may make distributions and dividends (the proceeds of which may be used by Holdings
and/or any direct or indirect Parent to make distributions and dividends) in an aggregate amount not to exceed $5,000,000 since
the Fourth Amendment Closing Date; and

(vi)       Holdings
and its Restricted Subsidiaries may make other distributions to Holdings to pay (or for Holdings to make distributions to any
direct or indirect Parent to pay) (i) out-of-pocket legal, accounting and other general corporate overhead out-of-pocket costs
incurred in the Ordinary Course of Business attributable to the ownership of Holdings and its Subsidiaries in an aggregate amount
not to exceed $2,000,000 in any Fiscal Year, (ii) customary fees and reimbursement of reasonable out-of-pocket costs of, and customary
indemnities provided to or on behalf of, Holdings’ or any direct or indirect Parent’s directors and officers attributable
to the ownership or operations of the Issuer and its Subsidiaries and (iii) fees and expenses payable to COAC to the extent that
the payment of such fees and expenses is permitted pursuant to Section 7.10(b).; and

(vii)       Holdings
and its Restricted Subsidiaries may pay customary and reasonable out of pocket fees, commissions, expenses and other amounts,
in each case, to the extent payable by Holdings under Article III of the KGI Stockholders' Agreement in effect as of January 20,
2017.

7.8.       Indebtedness.
Create, incur, assume or suffer to exist any Indebtedness (exclusive of trade debt) except Permitted Indebtedness.

7.9.       Nature
of Business. Substantially change the nature of the business as described in Section 5.20, nor except as specifically permitted
hereby purchase or invest, directly or indirectly, in any assets or property other than in the Ordinary Course of Business for
assets or property which are useful in, necessary for and are to be used in its business.

    
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7.10.       Transactions
with Affiliates. Directly or indirectly, purchase, acquire or lease any property from, or sell, transfer or lease any property
to, or otherwise enter into any transaction or deal with, any Affiliate, including without limitation the payment of any management
fees, except (a) transactions which are on an arm’s-length basis on terms and conditions no less favorable than terms and
conditions which would have been obtainable from a Person other than an Affiliate; provided, that the Note Parties and
the Restricted Subsidiaries shall disclose the terms and conditions of each transaction with any Affiliate(s) entered into in
reliance on this Section 7.10 on the next Compliance Certificate delivered by the Note Parties and the Restricted Subsidiaries
pursuant to Section 9.7 following the date the applicable Note Party or Restricted Subsidiary enters into such transaction, (b)
the payment of fees and expenses to COAC (not exceeding $15,000,000 in the aggregate since the Fourth Amendment Closing Date)
in connection with the providing of advisory services, so long as such services and fees and expenses paid by any Note Party in
respect thereof, are substantially comparable to the services, and the fees and expenses in respect of such services, that the
Note Parties could be expected to receive and pay, as applicable, from a third party providing substantially similar services,
(c) entering into employment and severance arrangements, in the Ordinary Course of Business between Holdings or any of its Restricted
Subsidiaries and such Person’s respective officers or employees, (d) the payment of customary fees and reimbursement of
reasonable out-of-pocket costs of, and customary indemnities provided to or on behalf of directors, officers, non-Affiliated consultants
and employees of Holdings and its Restricted Subsidiaries in the Ordinary Course of Business, (e) transactions permitted by Sections
7.1, 7.3, 7.4, 7.5 or 7.7, including any Permitted Intercompany Investment, (f) capital contributions made to Holdings, (g) Subordinated
Indebtedness advanced by and owing to KGHKGI by any one or more Note
Parties from time to time, all as and to the extent permitted by Sections 7.8 and 7.20(b) hereof (if applicable), (h) transactions
between or among the Note Parties and between or among non-Note Parties that, in each case, are otherwise expressly permitted
hereunder, (i) transactions with an Affiliate where the only consideration paid by the Note Parties or any Restricted Subsidiary
is Equity Interests in, or cash funded by equity contributions by, the direct or indirect Parent of HoldingsKGH,
(j) transactions with or between Affiliates to the extent expressly contemplated by the Trican Acquisition Documents (as in effect
on the Fourth Amendment Closing Date but, in the case of the Intellectual Property Agreements, Services Agreement and Transition
Services Agreement (as such terms are defined in the Trican Asset Purchase Agreement), subject to modification after the Fourth
Amendment Closing Date to the extent such modification results from amendments, updates or replacements of the schedules thereto,
so long as such modifications do not result, individually or in the aggregate, in a material increase in the payment obligations
of the Issuer and its Restricted Subsidiaries relative to any modifications to the changes in service or in a material decrease
in the assets being transferred to, or services being performed on behalf of, the Issuer and its Restricted Subsidiaries relative
to any modifications to the changes in payment obligations) and (k) transactions with or between Affiliates to the extent approved
in writing (by electronic mail or otherwise) by the Agent on the Fourth Amendment Closing Date.

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

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

7.13.       [RESERVED].

7.14.       Amendment
of Organization Documents; Material Indebtedness.

(a)       Without
the consent of the Required Purchasers (such consent, in any case, not to be unreasonably withheld, delayed or conditioned), terminate,
amend, modify or waive any term or provision of its Organization Documents in a manner materially adverse to the interests of the
Purchasers unless required by law.

(b)       Without
the consent of the Required Purchasers (such consent, in any case, not to be unreasonably withheld, delayed or conditioned), terminate,
amend, modify, change or waive any term or condition in any manner materially adverse to the interests of the Purchasers of any
documentation in respect of any Indebtedness (other than pursuant to the First Lien Term Loan Documents and the Revolving
Credit Documents) having an aggregate outstanding principal amount in excess of the Threshold Amount.

(c)       Without
the consent of the Required Purchasers, (such consent, in any case, not to be unreasonably withheld, delayed or conditioned) and
notwithstanding anything to the contrary in the Intercreditor AgreementsAgreement,
terminate, amend, supplement, modify, change or waive any term or condition of any First
Lien
Term
Loan Document or Revolving
Credit Document or any Permitted Secured Debt Refinancing (x) in the event that such termination, amendment, supplement, modification,
change or waiver would contravene the provisions of the applicable Intercreditor AgreementsAgreement
or this Agreement or (y) in the event that such termination, amendment, supplement, modification, change or waiver
is materially adverse to the Purchasers, provided that, in no event shall any amendment, supplement, modification, change
or waiver without the consent of the Required Purchasers (in their sole discretion) (i) increase any “applicable margin”,
“applicable rate” or similar component of the interest rate or the method of computing interest (whether in cash or
in kind, and including, without limitation, any letter of credit fee payable to the lenders under the Revolving Credit Documents)
or increase any “applicable margin”, “applicable rate” or similar component of the interest rate or the
method of computing interest (but excluding the accrual or payment of interest at the default rate of interest provided for under
the Revolving Credit Documents or the First Lien Term Loan Documents (as applicable) on the date hereofon
the Fourth Amendment Closing Date) or increase any LIBOR or base rate “floor” applicable to the Indebtedness
under the Revolving Credit Documents or the First Lien Term Loan Documents, each case, by an amount in excess
of 300 basis points for all such increases after the Fourth Amendment Closing Date (measured to include any increases after the
Fourth Amendment Closing Date in the form of original issue discount, upfront fees in lieu of interest or similar fees in

    
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lieu of interest and other increases
after the Fourth Amendment Date that result in an increase in yield, but specifically excluding (x) any fees of any kind paid
under the Revolving Credit Documents or the First Lien Term Loan Documents, in each case, on the Fourth Amendment
Closing Date, and (y) reasonable and customary fees paid by the Issuer in connection with amendments, waivers, increases in commitments
or forbearance agreements entered into under the Revolving Credit Documents or the First Lien Term Loan Documents, in
each case, after the Fourth Amendment Closing Date), or (ii)
modify the amortization schedule under the First Lien Term Loan Agreement or (iii) amend, supplement, modify, change
or waive any mandatory prepayment provisions of any Revolving Credit Document or First Lien Term Loan Document.

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

7.16.       Prepayment
of Subordinated Indebtedness; Payments of Qualified Subordinated Indebtedness. At any time, directly or indirectly, prepay
any Subordinated Indebtedness, or repurchase, redeem, retire or otherwise acquire any Subordinated Indebtedness, or make any payment
in respect of Qualified Subordinated Indebtedness (other than payments of interest to the extent paid-in-kind through the addition
to the principal amount thereof), except (i) Permitted Refinancings (as such term is defined in clause (d) of the defined
term Permitted Indebtedness), (ii) the conversion or exchange of any Subordinated Indebtedness to Equity Interests (other than
Disqualified Equity Interests) of HoldingsKGH or any of its direct or
indirect Parents, (iii) the prepayment of Indebtedness of the Issuer or any Restricted Subsidiary to the Issuer or any Restricted
Subsidiary, and (iv) prepayments, redemptions, purchases, defeasances and other payments in respect of Subordinated Indebtedness
(including cash or non-cash payments in respect of payments in respect of clause (c) of the definition of Permitted Indebtedness)
prior to their scheduled maturity in an aggregate amount not to exceed $5,000,000 plus the Cumulative Credit at such time; provided,
that with respect to this sub clause (iv)

    
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(A) no Event of Default has occurred and is continuing or would result therefrom, (B)
the Issuer shall be in pro forma compliance
with Section 6.5 (whether or not in effect) measured as of the end of the applicable Pro Forma Testing Period and calculated
on a pro forma basis assuming that such redemption, purchase, defeasance or other payment had occurred on the first day of
such Pro Forma Testing Period, (C) the Issuer shall have a pro forma Leverage Ratio of not greater than 3.50 to 1.00,
measured as of the end of the applicable Pro Forma Testing Period and calculated on a pro forma basis assuming that
such redemption, purchase, defeasance or other payment had occurred on the first day of such Pro Forma Testing Period, and
(D) satisfaction of the foregoing clauses (A), (B) and (C) shall be evidenced by a certificate from a Chief Financial Officer
of the Issuer demonstrating such satisfaction calculated in reasonable detail).

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

(i)       exist
on the Closing Date and are listed on Schedule 7.17 to this Agreement and, to the extent such obligations are set forth
in an agreement evidencing Indebtedness, are set forth in any agreement evidencing any permitted modification, replacement, renewal,
extension or refinancing of such Indebtedness so long as such modification, replacement, renewal, extension or refinancing does
not expand the scope of such obligation;

(ii)       are
binding on a Restricted Subsidiary at the time such Restricted Subsidiary first becomes a Restricted Subsidiary of a Note Party,
so long as such obligations were not entered into in contemplation of such Person becoming a Restricted Subsidiary of such Note
Party;

(iii)       are
customary restrictions that arise in connection with any Permitted Encumbrance or disposition permitted by Section 7.1,

(iv)       are
customary provisions in joint venture agreements and other similar agreements applicable to joint ventures constituting Permitted
Investments or otherwise permitted under this Agreement and applicable solely to such joint venture,

(v)       are
customary restrictions on leases, subleases, licenses, cross-licenses, sublicenses or asset sale agreements otherwise permitted
hereby so long as such restrictions relate to the property interest, rights or the assets subject thereto,

(vi)       are
customary provisions restricting subletting or assignment of any lease governing a leasehold interest of any of the Note Parties
or the Restricted Subsidiaries,

(vii)       are
customary provisions restricting assignment of any agreement entered into in the Ordinary Course of Business,

    
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(viii)       are
restrictions on cash or other deposits imposed by customers under contracts entered into in the Ordinary Course of Business,

(ix)       comprise
restrictions imposed by any agreement governing Indebtedness entered into on or after the Closing Date and permitted under Section 7.08
that are, taken as a whole, no more restrictive with respect to the Issuer, any Note Party or any Restricted Subsidiary than customary
market terms for Indebtedness of such type (and, in any event, are no more restrictive than the restrictions contained in this
Agreement), so long as the Issuer shall have determined in good faith that such restrictions will not affect its obligation or
ability to make any payments required hereunder.

7.18.       Anti-Terrorism
Laws. None of the Note Parties or the Restricted Subsidiaries shall, until satisfaction in full of the Obligations and termination
of this Agreement, nor shall it permit any Affiliate or agent to:

(a)       Conduct
any business or engage in any transaction or dealing with any Blocked Person, including the making or receiving any contribution
of funds, goods or services to or for the benefit of any Blocked Person.

(b)       Deal
in, or otherwise engage in any transaction relating to, any property or interests in property blocked pursuant to the Executive
Order No. 13224.

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

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

7.20.Permitted
Activities.

(a) Engage
in any material line of business other than any business conducted or proposed to be conducted by Holdings With
respect to Holdings, engage in any material operating or business activities or own any material assets; provided that
the following and any activities incidental thereto shall be permitted in any event: (i) its ownership of the Equity
Interests of the Issuer and activities incidental thereto, including (to the extent otherwise expressly permitted
hereunder) payment of dividends, distributions and other amounts in respect of its Equity Interests, (ii) the maintenance of
its legal existence (including the ability to incur fees, costs and expenses relating to such maintenance), (iii) the
performance of its obligations with respect to the Note Documents, the First Lien Term Loan Documents and the Revolving
Credit Documents, (iv) any public offering

    
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of its common stock or any
other issuance or sale of its Equity Interests (other than Disqualified Equity sInterests), payment of dividends, distribution
or other amounts, making contributions to the capital of the Issuer and guaranteeing the obligations of the Issuer, (v)
participating in tax, accounting and other administrative matters as a member of the consolidated group of KGH and the Issuer,
(vi) providing indemnification to officers and directors, (vii) providing guarantees and incurrence of other contingent obligations
to the extent a third party requires any Restricted Subsidiary to provide such guarantees or incur such contingent obligations
and the underlying obligations are otherwise permitted under the terms of this Agreement, (viii) any transaction required in connection
with the Trican Acquisition Documents, and (ix) any activities incidental to the foregoing.

(b) So
long as financial statements of KGH and its consolidated Subsidiaries are being provided in lieu of financial statements of the
Issuer and its consolidated Subsidiaries in accordance with Section 9.5, with respect to KGH, (A) engage in any material operating
or business activities or own any material assets; provided that the following and any activities incidental
thereto shall be permitted in any event: (i) its ownership of the Equity Interests of Holdings and activities incidental thereto,
including payment of dividends, distributions and other amounts in respect of its Equity Interests; (ii) the maintenance of its
legal existence (including the ability to incur fees, costs and expenses relating to such maintenance); (iii) any public offering
of its common stock or any other issuance or sale of its Equity Interests (other than Disqualified Equity Interests), payment
of dividends, distributions or other amounts, making contributions to the capital of Holdings; (iv) participating in tax, accounting
and other administrative matters as a member of the consolidated group of KGH, Holdings and the Issuer; (v) providing indemnification
to officers and directors; (vi) providing of guarantees in respect of and incurring other contingent obligations to the extent
a third party requires any Restricted Subsidiary to provide such guarantees or incur such contingent obligations and the underlying
obligations are otherwise permitted under the terms of this Agreement; (vii) the performance of the activities set forth on Schedule
7.20; (viii) any transactions required by the Trican Acquisition Documents; and (ix) any activities incidental to
the foregoing.and its Restricted Subsidiaries on the Sixth Amendment Closing Date or any
business that is similar, reasonably related, incidental, ancillary or complementary thereto, or is a reasonable extension, development
or expansion thereof.

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

		VIII.	CONDITIONS PRECEDENT.

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

(a)       Agreement
and Notes; Revolving Credit Documents.

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

(ii)       The
Agent and the Purchasers shall have received copies of the Revolving Credit Documents and the schedules and exhibits thereto, duly
executed by the parties thereto, including certification by the Chief Financial Officer of the Issuer that such documents are in
full force and effect as of the Closing Date; provided, that such Revolving Credit Documents shall be in form and substance
as reasonably satisfactory to the Purchasers and their legal counsel;

(b)       Filings,
Registrations and Recordings. The Agent and the Purchasers shall have received copies of all UCC, lien, judgment and litigation
searches and each document (including any Uniform Commercial Code financing statement) required by this Agreement, any related
agreement or under law or reasonably requested by Agent or any Purchaser to be filed, registered or recorded in order to create,
in favor of Agent for the benefit of the Purchasers, a perfected security interest in or lien upon the Collateral shall have been
properly filed, registered or recorded in each jurisdiction in which the filing, registration or recordation thereof is so required
or requested, and Agent shall have received an acknowledgment copy, or other evidence satisfactory to the Required Purchasers,
of each such filing, registration or recordation and satisfactory evidence of the payment of any necessary fee, tax or expense
relating thereto;

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

(d)       Pledge
and other Note Documents. The Purchasers shall have received the executed other Note Documents, all in form and substance satisfactory
to the Purchasers;

(e)       Pledged
Equity. The Agent shall have received certificates, if any, representing the Pledged Equity accompanied by undated stock powers
executed in blank;

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

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

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

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

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

(k)       Certificates.
The Purchasers shall have received a copy of the certificate of formation, certification of limited partnership or certificate
of incorporation, as applicable, of each Note Party, and all amendments thereto, certified by the Secretary of State or other appropriate
official of its jurisdiction of formation together with copies of the operating agreement, limited partnership agreement or bylaws,
as applicable, of each Note Party and all agreements of each Note Party’s members, partners or board of directors, as applicable,
certified as accurate and complete by the senior officer, Managing Member or General Partner of each Note Party, as applicable;

(l)       Good
Standing Certificates. The Purchasers shall have received good standing certificates for each Note Party dated not more than
30 days prior to the Closing Date, issued by the Secretary of State or other appropriate official of each Note Party’s jurisdiction
of formation and each jurisdiction where the conduct of each Note Party’s business activities or the ownership of its properties
necessitates qualification except, where the failure to be so qualified would not reasonably be expected to result in a Material
Adverse Effect;

    
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(m)       Legal
Opinion. The Agent and the Purchasers shall have received the executed legal opinion of (i) Schulte Roth & Zabel LLP in
form and substance reasonably satisfactory to Agent and the Purchasers and (ii) Clark Hill PLC, local Pennsylvania counsel to the
Note Parties in form and substance reasonably satisfactory to Agent and the Purchasers, and each Note Party hereby authorizes and
directs each such counsel to deliver such opinions to Agent and the Purchasers;

(n)       [RESERVED].

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

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

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

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

(i)       The
Purchasers shall have received written instructions from the Issuer directing the application of proceeds of the purchase of the
Term Notes made pursuant to this Agreement;

(ii)       Prior
to or substantially concurrently with the purchase and sale of the Term Notes on the Closing Date, (i) the Revolving Credit Facilities
shall have been consummated, (ii) the Refinancing shall have been consummated and (iii) in connection with such Refinancing, the
Purchasers shall have received in form and substance satisfactory to the Purchasers copies of all documentation evidencing the
satisfaction of such indebtedness to be paid off and satisfied, the release of all obligors of any monetary obligations thereunder,
and in connection with the Existing Credit Agreement, the termination and release of all liens securing such indebtedness; and

(iii)       On
the Closing Date, after giving effect to the Refinancing neither the Issuer nor any of its Restricted Subsidiaries shall have any
Indebtedness for borrowed money except (i) the Revolving Credit Facility, (ii) the Term Notes and (iii) any Permitted Indebtedness.

    
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(s)       Consents.
Agent and the Purchasers shall have received any and all Consents necessary to permit the effectuation of the transactions contemplated
by this Agreement and the other Note Documents; and, Agent and Purchasers shall have received such Consents and waivers of such
third parties as might assert claims with respect to the Collateral, as Agent, the Purchasers and their counsel shall reasonably
deem necessary;

(t)       No
Adverse Material Change. (i) Since December 31, 2013, there shall not have occurred any event, condition or state of facts
which would reasonably be expected to have a Material Adverse Effect; and

(u)       USA
PATRIOT Act Information. The Agent and the Purchasers shall have received, at least five (5) days prior to the Closing Date,
all documentation and other information about the Note Parties required under applicable “know your customer” and anti-money
laundering rules and regulations, including the USA PATRIOT Act, that has been requested by the Agent and/or the Purchasers at
least 10 days prior to the Closing Date.

(v)       CUSIP
Number. A CUSIP Number issued by Standard & Poor’s CUSIP Service Bureau shall have been obtained for the Notes.

8.2.       Conditions
to Delayed Draw Notes Purchase. The agreement of Purchasers to purchase the Delayed Draw Notes on a Delayed Draw Funding Date
is subject to the satisfaction, or waiver by the Purchasers, immediately prior to or concurrently with the purchase of such Delayed
Draw Notes, of the following conditions precedent:

(a)       Delayed
Draw Availability Period. The Delayed Draw Funding Date is during the Delayed Draw Availability Period.

(b)       Delayed
Draw Notice. The Issuer shall have delivered a Delayed Draw Notice to the Purchasers and Agent at least fifteen (15) Business
Days prior to the proposed Delayed Draw Funding Date. Each Delayed Draw Notice shall be deemed to be a representation and warranty
by the Issuer that the conditions specified in Section 8.2 and Section 8.3 have been satisfied on and as of the date of the applicable
Delayed Draw Funding Date.

(c)       Notes.
Each Purchaser shall have received a Delayed Draw Note duly executed and delivered by an authorized officer of the Issuer; and

(d)       Closing
Certificate. The Purchasers shall have received a closing certificate signed by the Chief Financial Officer of the Issuer dated
as of the Delayed Draw Funding Date, stating that (i) all representations and warranties set forth in this Agreement and the other
Note Documents are true and correct in all material respects on and as of such date (it being understood and agreed that any representation
or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects
only as of such specified date) and (ii) on such date no Default or Event of Default has occurred or is continuing.

8.3.       Conditions
to Each Notes Purchase. The agreement of Purchasers to purchase any Notes requested to be purchased on any date (including
the purchase of the Term Notes on the Closing Date, the

    
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 Delayed Draw Notes
on any Delayed Draw Funding Date and Incremental Notes on any Incremental Notes Closing Date), is subject to the satisfaction of
the following conditions precedent as of the date such purchase of Notes is made:

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

(b)       No
Default. No Event of Default or Default shall have occurred and be continuing on such date, or would exist after giving effect
to the purchase of the Notes requested to be made, on such date.

Each request for
a purchase of Notes by the Issuer hereunder shall constitute a representation and warranty by the Issuer as of the date of such
issuance of Notes that the conditions contained in this subsection shall have been satisfied.

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

		IX.	INFORMATION AS TO NOTE PARTIES.

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

9.1.       Disclosure
of Material Matters. Promptly upon learning thereof, report to Agent and the Purchasers all matters materially affecting the
value, enforceability or collectibility of any portion of the Collateral, including any Note Party’s reclamation or repossession
of, or the return to any Note Party of, a material amount of goods or claims or disputes asserted by any Customer or other obligor.

9.2.       Environmental
Reports Furnish Agent and the Purchasers, concurrently with the delivery of the financial statements referred to in Sections
9.6 and 9.7, with a certificate signed by the President of the Issuer stating, to the best of his knowledge, that each Note Party
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respects with all federal, state
and local Environmental Laws, to the extent set forth in Section 5.7 of this Agreement. If any Note Party or any Restricted
Subsidiary is not in such compliance to such extent with the foregoing laws, the certificate shall set forth with specificity
all areas of non-compliance and the proposed action such Note Party or such Restricted Subsidiary will implement in order to
achieve such compliance.

9.3.       Litigation.
Promptly notify Agent and the Purchasers in writing of any claim, litigation, suit or administrative proceeding affecting the Issuer
or any Guarantor, or any of the Restricted Subsidiaries, whether or not the claim is covered by insurance, and of any litigation,
suit or administrative proceeding, which in any such case affects a material portion of the Collateral or which would reasonably
be expected to have a Material Adverse Effect.

9.4.       Material
Occurrences; Material Contracts. Promptly notify Agent and the Purchasers in writing upon the occurrence of: (i) any Event
of Default; (ii) any event of default under the Revolving Credit Documents or the First Lien Term Loan Documents;
(iii) any event of default under any Subordinated Loan Documentation; (iv) any event, development or circumstance whereby any financial
statements or other reports furnished to Agent or the Purchasers fail in any material respect to present fairly, in accordance
with GAAP consistently applied, the financial condition or operating results of any of the Note Parties or the Restricted Subsidiaries
as of the date of such statements; (v) without limiting the generality of clause (a), notice of any Event of Default under Section
10.11, including the names and addresses of the holders of such Indebtedness with respect to which such Event of Default has occurred,
and the amount of such Indebtedness; and (vi) any other development in the business or affairs of the Issuer or any Guarantor,
or any of the Restricted Subsidiaries, which would reasonably be expected to have a Material Adverse Effect; in each case describing
the nature thereof and the action the Issuer proposes to take with respect thereto.

9.5.       Parent
FinancialsFinancial Statements, Generally. Notwithstanding the requirements of
Sections 9.6, and 9.7 and 9.8, the obligations to deliver,
furnishing KGI’s Form 10-K or 10-Q, as applicable, filed with the SEC shall constitute
delivery of the financial statements of the Issuer and its consolidated Subsidiaries may be satisfied by (A)
on and after the Closing Date (and until an election made pursuant to clause (B) below), furnishing the applicable financial statements
of KGH and its consolidated Subsidiaries and (B) to the extent the Issuer has provided at least thirty (30) days’ prior
written notice to Agent and the Purchasers as to such change, Holdings and its consolidated Subsidiariesrequired
under Sections 9.6 and 9.7 for the applicable Fiscal Year or Fiscal Quarter; provided  further
that, (i) such information is Form 10-K or 10-Q, as applicable, shall
be accompanied by unaudited consolidating information that explains in reasonable detail the differences between the
information relating to either KGH or Holdings, as applicable,KGI and
its consolidated Subsidiaries, on the one hand, and the information relating to the Issuer and its consolidated Subsidiaries on
a standalone stand-alone basis, on the other hand and,
(ii) to the extent annual financial statements provided pursuant to this Section 9.5 are in lieu of the annual
financial statements required to be provided under Section 9.6, such annual financial statements areeach
such Form 10-K shall be accompanied by a report and opinion of KPMG LLP or any other independent registered public
accounting firm of nationally recognized standing, which report and opinion

    
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shall be prepared in accordance with
generally accepted auditing standards and shall not be subject to any “going concern” paragraph or any other like
qualification or exception. and (iii) with respect to any financial statements provided
under Section 9.6 for the Fiscal Year ending December 31, 2016, Section 9.7 for the Fiscal Quarters ending March 31, 2017, June
30, 2017, September, 30, 2017, December 31, 2017 or March 31, 2018 or Section 9.8 below for each of the first thirteen fiscal
months ending after the Sixth Amendment Closing Date, such information is accompanied by unaudited consolidated information that
explains in reasonable detail the differences between the information relating to KGI (or in the case of any financial statement
for the Fiscal Year ending December 31, 2016, KGH) and its consolidated Subsidiaries on the one hand, and the information relating
to the Issuer and its consolidated Subsidiaries on a standalone basis, on the other hand (the “Financial Statement Reconciliation”).

9.6.       Annual
Financial Statements. Furnish the Purchasers with respect to each Fiscal Year, within one hundred and twenty (120) days after
the end of each Fiscal Year of the IssuerHoldings, (a) financial statements
of Holdings and its Subsidiaries on a consolidated basis including, but not limited to, statements of income and members’
equity and cash flow from the beginning of the current Fiscal Year to the end of such Fiscal Year and the balance sheet as at
the end of such Fiscal Year, setting forth in each case in comparative form the figures for the previous Fiscal Year, all prepared
in accordance with GAAP applied on a basis consistent with prior practices, and in reasonable detail and reported upon without
any “going concern” paragraph or any other like qualification or exception by KPMG LLP or any other independent certified
public accounting firm selected by the Issuer and reasonably satisfactory to the Agent (the “Accountants”).
The IssuerHoldings shall use its commercially reasonable efforts to cause
such report of the Accountants to be accompanied by a statement of the Accountants certifying that (i) they have caused this Agreement
to be reviewed, (ii) in making the examination upon which such report was based either no information came to their attention
which to their knowledge constituted an Event of Default or a Default under this Agreement or any related agreement or, if such
information came to their attention, specifying any such Default or Event of Default, its nature, when it occurred and whether
it is continuing, (b) a Compliance Certificate and (c) a Narrative Report.

9.7.       Quarterly
Financial Statements. Furnish the Purchasers within (x) sixty (60) days after the end of the first Fiscal Quarter following
the FourthFifth Amendment Closing Date and (y) forty-five (45) days after
the end of each subsequent Fiscal Quarter, (a) an unaudited balance sheet and unaudited statements of members equity and cash
flow of Holdings, in each case on a consolidated basis and an unaudited statement of income of Holdings and its Subsidiaries on
a consolidated and consolidating basis reflecting results of operations from the beginning of the Fiscal Year to the end of such
quarter and for such quarter, setting forth in each case in comparative form the figures for the corresponding Fiscal Quarter
of the previous Fiscal Year and the corresponding portion of the previous Fiscal Year and prepared on a basis consistent with
prior practices and complete and correct in all material respects, subject to normal and recurring year end adjustments that individually
and in the aggregate are not material to the Issuer’s business, (b) a management’s discussion and analysis in respect
of the quarter financial statements described in clause (a) (including comparisons to prior quarters and prior years), (c) a Compliance
Certificate and (d) a Narrative Report.

    
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9.8.       Monthly
Financial Statements. Furnish the Purchasers within (x) forty-five (45) days after the end of each of the first full three
months following the Fourth Amendment Closing Date and (y) thirty (30) days after the end of each subsequent month an unaudited
balance sheet and unaudited statements of members equity and cash flow of Holdings and its Subsidiaries, in each case on a consolidated
basis and an unaudited statement of income of Holdings and its Subsidiaries on a consolidated and consolidating basis reflecting
results of operations from the beginning of the Fiscal Year to the end of such month and for such month, prepared on a basis consistent
with prior practices and complete and correct in all material respects, subject to normal and recurring year end adjustments that
individually and in the aggregate are not material to the Issuer’s business. The reports shall include (i) an account statement
(and any related information) in respect of each ECF Account and (ii) a Fracking Fleet Maintenance Report for the applicable period.
Such report shall be accompanied by a Compliance Certificate of a Responsible Officer of the Issuer (which Compliance Certificate
shall certify the foregoing matters).

9.9.       Other
Reports. Furnish the Purchasers as soon as available, but in any event within ten (10) days after the issuance thereof, (i)
with copies of such financial statements, reports and returns as any Note Party and any of its Restricted Subsidiaries shall send
to its partners and members and (ii) copies of all material notices and reports, and all
financial statements, in each case sent pursuant to the Revolving Credit Documents, the First Lien Term Loan Documents
and or the Subordinated Loan Documentation (to the extent any Subordinated Indebtedness
is outstanding).

9.10.       Additional
Information. Furnish the Purchasers with such additional information as the Required Purchasers shall reasonably request in
order to enable the Purchasers to determine whether the terms, covenants, provisions and conditions of this Agreement and the Notes
have been complied with by the Note Parties and the Restricted Subsidiaries, including (a) copies of all environmental audits and
reviews within the possession or control of any Note Party with respect to any matter for which notice was provided to the Agent
pursuant to Section 4.19, (b) with respect to Issuer’s opening of any new office or place of business or Issuer’s closing
of any existing office or place of business, notice thereof, within 20 Business Days after such opening or closing (provided, that
nothing contained in the foregoing shall be deemed to contradict or limit Issuer’s separate obligations to give prior written
notice with respect to the opening of certain new offices or places of business as required and set forth in Section 6.2) and (c)
promptly upon any Note Party learning thereof, notice of any labor dispute to which any Note Party may become a party, any strikes
or walkouts relating to any of its plants or other facilities, and the expiration of any labor contract to which any Note Party
is a party or by which any Note Party is bound, in each case under this clause (c), to the extent that the occurrence thereof would
reasonably be expected to result in a Material Adverse Effect.

9.11.       Projected
Operating Budget. Furnish the Purchasers no later than thirty (30) days after the beginning of Issuer’s Fiscal Year
commencing with the Fiscal Year ending on December 31, 2016, a quarter by

    
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quarter projected operating budget
and cash flow of IssuerHoldings and its Subsidiaries on a consolidated
basis for such Fiscal Year (including an income statement for each quarter and a balance sheet as at the end of the last month
in each Fiscal Quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer
of the IssuerHoldings to the effect that such projections have been prepared
on a reasonable and good faith basis, pursuant to sound financial planning practices consistent with past budgets and financial
statements (it being understood that projections by their nature are subject to uncertainties and contingencies, many of which
are beyond the control of the Issuer, the Note Parties and the Restricted Subsidiaries, that no assurances can be given that such
projections will be realized, and that actual results may differ in a material manner from such projections).

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

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

9.14.       Statements
of Excess Cash Flow.

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

(b)       Furnish
the Purchasers as soon as available, but in any event within ten (10) Business Days after the end of the Fiscal Quarter of the
Issuer, a certificate (which may be in the form of a Compliance Certificate) signed by the Chief Financial Officer or Controller
of the Issuer and setting forth the Excess Cash Flow for such Fiscal Quarters and accompanied by a calculation thereof.

    
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9.15.       ERISA
Notices and Requests. If it could reasonably result in a Material Adverse Effect (a) furnish Agent with prompt written notice
(but no later than five (5) Business Days following knowledge of an event) in the event that (i) the Issuer or any member of the
Controlled Group knows or has reason to know that a Termination Event has occurred, or notice that a Termination Event is reasonably
likely to occur, together with a written statement describing such Termination Event and the action, if any, which the Issuer or
any member of the Controlled Group has taken, is taking, or proposes to take with respect thereto and, when known, any action taken
or threatened by the Internal Revenue Service, Department of Labor or PBGC with respect thereto, or (ii) the Issuer knows or has
reason to know that a prohibited transaction (as defined in Section 406 of ERISA or 4975 of the Code) has occurred together with
a written statement describing such transaction and the action which the Issuer has taken, is taking or proposes to take with respect
thereto, (iii) a funding waiver request has been filed with respect to any Plan together with all communications received by the
Issuer or any member of the Controlled Group with respect to such request, (iv) any increase in the benefits of any existing Plan
or the establishment of any new Plan or the commencement of contributions to any Plan to which the Issuer or any member of the
Controlled Group was not previously contributing shall occur; (v) the Issuer or any member of the Controlled Group shall receive
from the PBGC a notice of intention to terminate a Plan or to have a trustee appointed to administer a Plan, together with copies
of each such notice, (vi) the Issuer or any member of the Controlled Group shall receive any unfavorable determination letter from
the Internal Revenue Service regarding the qualification of a Plan under Section 401(a) of the Code, together with copies of each
such letter; (vii) the Issuer or any member of the Controlled Group shall receive a notice regarding the imposition of withdrawal
liability, together with copies of each such notice; (viii) the Issuer or any member of the Controlled Group shall fail to make
a required installment or any other required payment under the Code or ERISA on or before the due date for such installment or
payment; or (ix) the Issuer or any member of the Controlled Group knows that (a) a Multiemployer Plan has been terminated, (b)
the administrator or plan sponsor of a Multiemployer Plan intends to terminate a Multiemployer Plan, (c) the PBGC has instituted
or will institute proceedings under Section 4042 of ERISA to terminate a Multiemployer Plan or (d) a Multiemployer Plan in "critical"
or "endangered" status under Section 432 of the Code or Section 305 of ERISA.

(b)       At
any time after the date of this Agreement, the Issuer, any of its Restricted Subsidiaries or any member of the Controlled Group
maintains, or contributes to (or incurs an obligation to contribute to), a Pension Benefit Plan or Multiemployer Plan which is
not set forth in Schedule 5.8(d), then the Issuer shall deliver to the Agent an updated Schedule 5.8(d) as soon as practicable,
and in any event within twenty (20) days after the Issuer, such Restricted Subsidiary or such member of the Controlled Group maintains
or contributes (or incurs an obligation to contribute) thereto.

9.16.       Unrestricted
Subsidiaries. Simultaneously with the delivery of each set of financial statements referred to in Sections 9.6, 9.7 and 9.8
above, the related unaudited consolidating financial statements reflecting the adjustments necessary to eliminate the accounts
of Unrestricted Subsidiaries (if any) (which may be in footnote form only) from such consolidated financial statements.

    
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9.17.       Additional
Documents. Execute and deliver to Agent and the Purchasers, upon request, such documents and agreements as Agent or the Required
Purchasers may, from time to time, reasonably request to carry out the purposes, terms or conditions of this Agreement.

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

		X.	EVENTS OF DEFAULT.

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

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

10.2.       Breach
of Representation. Any representation or warranty made or deemed made by any Note Party in this Agreement, any other Note Document
or any related agreement or in any certificate, document or financial or other statement furnished at any time in connection herewith
or therewith shall prove to have been misleading in any material respect on the date when made or deemed to have been made;

10.3.       Financial
and Other Information. Failure by any Note Party to (i) furnish the information pursuant to Sections 9.4 or 9.14 when due,
(ii) furnish financial and other information pursuant to Sections 9.1, 9.3, 9.5, 9.6, 9.7, 9.8, 9.11, 9.12 or 9.15 when due or
when requested which is unremedied for a period of ten (10) Business Days, or (ii) promptly permit the inspection, conducted in
accordance with the terms of Section 4.10 of this Agreement, of its books or records;

    
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10.4.       Judicial
Actions. Issuance of a notice of Lien, levy, assessment, injunction or attachment against any Note Party’s Inventory,
Receivables or against a portion of any Note Party’s other property, such Lien, levy, assessment, injunction or attachment
is not stayed or lifted within thirty (30) days, and the imposition or issuance thereof is reasonably likely to have a Material
Adverse Effect;

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

10.6.       Judgments.
Any judgment or judgments are rendered against Holdings or any of its Restricted Subsidiaries for an aggregate amount in excess
of the Threshold Amount or against Holdings and all of its Restricted Subsidiaries for an aggregate amount in excess of the Threshold
Amount and (a) enforcement proceedings shall have been commenced by a creditor upon such judgment, (b) there shall be any period
of forty-five (45) consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise,
shall not be in effect, or (c) any such judgment results in the creation of a Lien upon any of the Collateral (other than a Permitted
Encumbrance); provided, however, that any such judgment shall not give rise to an Event of Default under this Section 10.6
for so long as (i) the amount of such judgment is covered by a valid and binding policy of insurance between the defendant and
the insurer covering full payment thereof and (ii) such insurer has been notified, and has not disputed the claim made for payment,
of the amount of such judgment, order, award or settlement;

10.7.       Bankruptcy.
Any Note Party or any Restricted Subsidiary of any Note Party shall (a) apply for, consent to or suffer the appointment of, or
the taking of possession by, a receiver, custodian, trustee, liquidator or similar fiduciary of itself or of all or a substantial
part of its property, (b) make a general assignment for the benefit of creditors, (c) commence a voluntary case under any state
or federal bankruptcy laws (as now or hereafter in effect), (d) be adjudicated a bankrupt or insolvent, (e) file a petition
seeking to take advantage of any other law providing for the relief of debtors, (f) acquiesce to, or fail to have dismissed, within
forty-five (45) days, any petition filed against it in any involuntary case under such bankruptcy laws, or (g) take any action
for the purpose of effecting any of the foregoing;

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

    
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10.9.       [Reserved].

10.10.       Lien
Priority. Any Lien created hereunder or provided for hereby or under any other Note Document for any reason (other than the
failure of Agent to make required filings or take required actions that it agreed in writing to undertake) becomes impaired or
ceases to be or is not a valid and perfected Lien having a secondfirst
priority interest (or, so long as the Revolving Credit Facility has not been terminated, with respect to the Revolving Credit
Priority Collateral, a valid and perfected thirdsecond priority security
interest), which impairment or failure to be valid, perfected or having the priority required (x) involves Collateral
with a fair market value in excess of $250,000 or (y) is not cured within five (5) Business Days after the earlier of the date
on which (i) a Responsible Officer of a Note Party becomes actually aware of such failure and (ii) written notice thereof shall
have been given to the Issuer by the Agent or any Purchaser;

10.11.       Cross
Default. Any “event of default” under either (A) the Revolving Credit Facility, or
(B) the First Lien Term Loan Agreement or (C) to the extent having an aggregate outstanding principal
amount in excess of $7,500,000, any other Indebtedness of Holdings or any of its Restricted Subsidiaries (Indebtedness under any
of clauses (A),or (B) or (C), “Subject Indebtedness”),
for which Holdings or any of its Restricted Subsidiaries fails to make any payment beyond the applicable grace period with respect
thereto, if any (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise) in respect of any such
Subject Indebtedness) or any other event or circumstance which would accelerate or permit the holders of any such Subject Indebtedness
to accelerate such Indebtedness (and/or the obligations of Holdings or such Restricted Subsidiary thereunder) prior to the scheduled
maturity or termination thereof, shall occur (regardless of whether the holder of such Subject Indebtedness shall actually accelerate,
terminate or otherwise exercise any rights or remedies with respect to such Subject Indebtedness), in any such case after giving
effect to any applicable grace or cure periods;

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

10.13.       Change
of Ownership. Any Change of Control shall occur;

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

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

10.16.       Abandonment.
Any Event of Abandonment shall occur and is continuing;

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

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

		XI.	PURCHASERS’ RIGHTS AND REMEDIES AFTER DEFAULT.

11.1.       Rights
and Remedies.

(a)       Upon
the occurrence and during the continuance of: (i) an Event of Default pursuant to Section 10.7 all Obligations, including any Prepayment
Premium applicable thereto, shall be immediately due and payable and this Agreement and the obligation of the Purchasers to purchase
any further Notes shall be deemed terminated; (ii) any of the other Events of Default, at the option of the Required Purchasers,
all Obligations, including any Prepayment Premium applicable thereto, shall be immediately due and payable and the Purchasers shall
have the right to terminate this Agreement and to terminate the obligation of the Purchasers to purchase any further Notes; and
(iii) without limiting Section 8.2 hereof, any Default under Section 10.7(f) hereof arising from a filing of a petition
against any Note Party in any involuntary case under any state or federal bankruptcy laws, the obligation of the Purchasers to
purchase Notes hereunder shall be suspended until such time as such involuntary petition shall be dismissed or an Event of Default
under Section 10.7 shall occur. Upon the occurrence and during the continuance of any Event of Default, Agent and the Purchasers
shall have the right to exercise any and all rights and remedies provided for herein, under the other Note Documents, under the
Uniform Commercial Code and at law or equity generally, including the right to foreclose the security interests granted herein
and to realize upon any Collateral by any available judicial procedure and/or to take possession of and sell any or all of the
Collateral with or without judicial process; provided, that the Agent or the Required Purchasers must provide at least five
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Event of Default has occurred and
is continuing before exercising any remedies with respect to the Equity Interests of the Note Parties (including, without
limitation, voting rights). Upon the occurrence and during the continuance of any Event of Default, Agent and the Purchasers
may enter any of any Note Party’s premises or other premises without legal process and without incurring liability to
any Note Party therefor, and Agent or the Purchasers may thereupon, or at any time thereafter, in its discretion without
notice or demand, take the Collateral and remove the same to such place as Agent or Purchaser may deem advisable and Agent or
the Required Purchasers may require the Note Parties to make the Collateral available to Agent at a convenient place. Upon
the occurrence and during the continuance of any Event of Default, with or without having the Collateral at the time or place
of sale, Agent may sell the Collateral, or any part thereof, at public or private sale, at any time or place, in one or more
sales, at such price or prices, and upon such terms, either for cash, credit or future delivery, as Agent may elect. Except
as to that part of the Collateral which is perishable or threatens to decline speedily in value or is of a type customarily
sold on a recognized market, Agent shall give the Note Parties reasonable notification of such sale or sales, it being agreed
that in all events written notice mailed to the Issuer at least ten (10) days prior to such sale or sales is reasonable
notification. At any public sale Agent or any Purchaser may bid for and become the purchaser, and Agent, any Purchaser or any
other purchaser at any such sale thereafter shall hold the Collateral sold absolutely free from any claim or right of
whatsoever kind, including any equity of redemption and all such claims, rights and equities are hereby expressly waived and
released by each Note Party. In connection with the exercise of the foregoing remedies, including the sale of Inventory,
at such time as Agent shall be lawfully entitled to exercise such remedies, and for no other purpose. Agent and the
Purchasers are granted a perpetual nonrevocable, royalty free, nonexclusive license and Agent and the Purchasers are granted
permission to use all of each Note Party’s (a) trademarks, trade styles, tradenames, patents, patent applications,
copyrights, service marks, licenses, franchises and other proprietary rights which are used or useful in connection with
Inventory for the purpose of marketing, advertising for sale and selling or otherwise disposing of such Inventory and (b)
Equipment for the purpose of completing the manufacture of unfinished goods. The cash proceeds realized from the sale of any
Collateral shall be applied to the Obligations in the order set forth in Section 11.6 hereof. Noncash proceeds will only be
applied to the Obligations as they are converted into cash. If any deficiency shall arise, the Note Parties shall remain
liable to Agent and Purchasers therefor.

(b)       To
the extent that Applicable Law imposes duties on Agent or the Purchasers to exercise remedies in a commercially reasonable manner,
each Note Party acknowledges and agrees that it is not commercially unreasonable for Agent or any Purchaser: (i) to fail to incur
expenses reasonably deemed significant by Agent or such Purchaser to prepare Collateral for disposition or otherwise to complete
raw material or work in process into finished goods or other finished products for disposition; (ii) to fail to obtain third party
consents for access to Collateral to be disposed of, or to obtain or, if not required by other law, to fail to obtain governmental
or third party consents for the collection or disposition of Collateral to be collected or disposed of; (iii) to fail to exercise
collection remedies against Customers or other Persons obligated on Collateral or to remove Liens on or any adverse claims against
Collateral; (iv) to exercise collection remedies against Customers and other Persons obligated on Collateral directly or through
the use of collection agencies and other collection specialists; (v) to advertise dispositions of Collateral through publications
or media of general circulation, whether or not the Collateral is of a specialized nature; (vi) to contact other Persons, 

    
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whether
or not in the same business as any Note Party, for expressions
of interest in acquiring all or any portion of such Collateral; (vii) to hire one or more professional auctioneers to assist in
the disposition of Collateral, whether or not the Collateral is of a specialized nature; (viii) to dispose of Collateral by utilizing
internet sites that provide for the auction of assets of the types included in the Collateral or that have the reasonable capacity
of doing so, or that match buyers and sellers of assets; (ix) to dispose of assets in wholesale rather than retail markets; (x)
to disclaim disposition warranties, such as title, possession or quiet enjoyment, (xi) to purchase insurance or credit enhancements
to insure Agent against risks of loss, collection or disposition of Collateral or to provide to Agent a guaranteed return from
the collection or disposition of Collateral; or (xii) to the extent deemed appropriate by Agent or such Purchaser, to obtain the
services of other brokers, investment bankers, consultants and other professionals to assist Agent or such Purchaser in the collection
or disposition of any of the Collateral. Each Note Party acknowledges that the purpose of this Section 11.1(b) is to provide non-exhaustive
indications of what actions or omissions by Agent or a Purchaser would not be commercially unreasonable in Agent’s or Purchaser’s
exercise of remedies against the Collateral and that other actions or omissions by Agent or Purchaser shall not be deemed commercially
unreasonable solely on account of not being indicated in this Section 11.1(b). Without limitation upon the foregoing, nothing contained
in this Section 11.1(b) shall be construed to grant any rights to any Note Party or to impose any duties on Agent or a Purchaser
that would not have been granted or imposed by this Agreement or by Applicable Law in the absence of this Section 11.1(b).

11.2.       Purchaser’s
Discretion. The Required Purchasers shall have the right in their sole discretion to determine which rights, Liens, security
interests or remedies Agent or the Purchasers may at any time pursue, relinquish, subordinate, or modify or to take any other action
with respect thereto and such determination will not in any way modify or affect any of Agent’s or Purchaser’s rights
hereunder.

11.3.       Setoff.
Subject to Section 14.2, in addition to any other rights which Agent or any Purchaser may have under Applicable Law, upon the occurrence
and during the continuance of an Event of Default hereunder, Agent and such Purchaser shall have a right, immediately and without
notice of any kind, to apply any Note Party’s property held by Agent and such Purchaser to reduce the Obligations.

11.4.       Rights
and Remedies not Exclusive. The enumeration of the foregoing rights and remedies is not intended to be exhaustive and the exercise
of any rights or remedy shall not preclude the exercise of any other right or remedies provided for herein or otherwise provided
by law, all of which shall be cumulative and not alternative.

11.5.       Equity
Cure Right. Notwithstanding the provisions of Section 10.5 or this Article XI to the contrary, any
Original Owner or any of its AffiliatesHoldings may, but shall not be obligated
to, cure any potential Event of Default under Section 6.5 (such Event of Default, a “Financial Covenant Default”)
by making a capital contribution intoissuing or otherwise selling Qualified Equity
Interests or receiving cash contributions

    
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from any holder of
the Equity Interests of Holdings in the form of new cash equity contributions in an
aggregate amount, in either case, equal to the amount that, when added to EBITDA on a dollar-for-dollar basis for the relevant
testing period, would have caused the IssuerHoldings and its Subsidiaries to
be in full compliance with Section 6.5 for such testing period (each, an “Equity Cure”); provided that
(a) such Equity Cure must be effected no later than 10 days after the delivery of the Compliance Certificate describing the
applicable Financial Covenant Default (or the date on which such Compliance Certificate was required to have been delivered to
the Purchasers), (b) no more than one (1) Equity Cure may be made in respect of any four-quarter fiscal period, (c) no more than
two (2) Equity Cures may be made during the term of this Agreement; and (d) the amount of such Equity Cure may not exceed the
aggregate amount necessary to cure the Financial Covenant Default. Upon the receipt by Holdings of each such Equity Cure, each
such Financial Covenant Default shall be recalculated giving effect to the following pro forma adjustments:

(a)       EBITDA
shall be increased, solely for the purpose of determining the existence of an Event of Default under Section 6.5 (and not pro
forma compliance with Section 6.5 required by any other provision of this Agreement), with respect to the relevant four-quarter
fiscal period and all future four-quarter fiscal periods that includes the Fiscal Quarter in respect of which such Equity Cure
was made; and

(b)       if,
after giving effect to the foregoing recalculations, the Issuer shall then be in compliance with the requirements of Section 6.5,
the Issuer shall be deemed to have satisfied the requirements of Section 6.5 (solely for purposes of determining compliance with
Section 6.5, and not pro forma compliance with Section 6.5 required by any other provision of this Agreement), with the same effect
as though there had been no failure to comply therewith, and the Financial Covenant Default that had occurred shall be deemed
not to have occurred for purposes of this Agreement and the other Note Documents.

11.6.       Allocation
of Payments After Event of Default. Notwithstanding any other provisions of this Agreement to the contrary, after the occurrence
and during the continuance of an Event of Default, all amounts collected or received by Agent on account of the Obligations or
any other amounts outstanding under any of the other Note Documents or in respect of the Collateral may, at Agent’s discretion,
be paid over or delivered as follows:

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

SECOND,
to payment of any fees owed to Agent;

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

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

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

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

SEVENTH,
to the payment of the surplus, if any, to whoever may be lawfully entitled to receive such surplus.

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

		XII.	WAIVERS
                                         AND JUDICIAL PROCEEDINGS.

12.1.       Waiver
of Notice. Each Note Party hereby waives notice of non-payment of any of the Receivables, demand, presentment, protest and
notice thereof with respect to any and all instruments, notice of acceptance hereof, notice of loans or advances made, credit
extended, Collateral received or delivered, or any other action taken in reliance hereon, and all other demands and notices of
any description, except such as are expressly provided for herein.

12.2.       Delay.
No delay or omission on Agent’s or any Purchaser’s part in exercising any right, remedy or option shall operate as
a waiver of such or any other right, remedy or option or of any Default or Event of Default.

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

    
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THIS AGREEMENT
MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENTS OF THE PARTIES HERETO
TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

		XIII.	EFFECTIVE
                                         DATE AND TERMINATION.

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

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

		XIV.	REGARDING
                                         AGENT. 

14.1.       Appointment.
Each Purchaser hereby irrevocably designates and appoints U.S. Bank National Association to act as Agent for such Purchaser under
this Agreement and the other Note Documents, and U.S. Bank National Association hereby accepts such appointment on the Closing
Date subject to the terms hereof. Each Purchaser hereby irrevocably authorizes Agent, in such capacity, though its agents or employees,
to take such actions on its behalf under the provisions of this Agreement and the other Note Documents and to exercise such powers
and to perform such duties hereunder and thereunder as are specifically delegated to or required of Agent by the terms hereof
and thereof and such other actions and powers as are reasonably incidental thereto. Concurrently herewith, each Purchaser directs
Agent and Agent is authorized to enter into the Note Documents and any other related agreements in the forms presented to such
Agent. The provisions of this Article XIV are solely for the benefit of Agent and the Purchasers, and no Note Party shall have
right as a third party beneficiary of any such provisions. Each Purchaser agrees that in any instance in which this Agreement
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Agent’s
consent may not be unreasonably withheld, provide for the exercise of Agent’s reasonable discretion, or provide to a similar
effect, it shall not in its instructions (or, by refusing to provide instruction) to Agent withhold its consent or exercise its
discretion in an unreasonable manner. It is expressly agreed and acknowledged that Agent is not guaranteeing performance of or
assuming any liability for the obligations of the other parties hereto or any parties to the Collateral. Agent shall not have
liability for any failure, inability or unwillingness on the part of any Note Party to provide accurate and complete information
on a timely basis to Agent, or otherwise on the part of any such party to comply with the terms of this Agreement, and shall have
no liability for any inaccuracy or error in the performance or observance on Agent’s part of any of its duties hereunder
that is caused by or results from any such inaccurate, incomplete or untimely information received by it, or other failure on
the part of any such other party to comply with the terms hereof. For purposes of clarity, phrases such as “satisfactory
to the Agent,” “approved by Agent,” “acceptable to Agent,” “as determined by Agent,”
“in Agent’s discretion,” “selected by the Agent,” “elected by Agent,” “requested
by Agent,” and phrases of similar import (including, without limitation, any allocations to be determined by the Agent pursuant
to Section 2.4(a) of the Intercreditor Agreement or any actions required of the Agent in connection with the collection, adjustment
or settlement under an insurance policy pursuant to Section 2.5 of the Intercreditor Agreement) that authorize and permit Agent
to approve, disapprove, determine, act or decline to act in its discretion shall be subject to Agent’s receiving written
direction from the Required Purchasers to take such action or to exercise such rights. Nothing contained in this Agreement shall
require Agent to exercise any discretionary acts.

14.2.       Collateral.
Agent shall hold all Collateral, payments of principal and interest, fees (except the fees set forth in Sections 3.2(b)), charges
and collections (without giving effect to any collection days) received pursuant to this Agreement, for the ratable benefit of
the Purchasers. Each party to this Agreement acknowledges and agrees that Agent may from time to time use one or more outside
service providers for the tracking of all UCC financing statements (and/or other collateral related filings and registrations
from time to time) required to be filed or recorded pursuant to the Note Documents and the notification to Agent, of, among other
things, the upcoming lapse or expiration thereof, and that each of such service providers will be deemed to be acting at the request
and on behalf of the Note Parties. Agent shall not be liable for any action taken or not taken by any such service provider.

Agent
hereby disclaims any representation or warranty to the Purchasers concerning and shall have no responsibility to Purchasers for
the existence, priority or perfection of the Liens and security interests granted hereunder or under any other Note Document or
in the value of any of the Collateral and shall not be responsible or liable to the Purchasers for any failure to monitor or maintain
any portion of the Collateral. Agent makes no representation as to the value, sufficiency or condition of the Collateral or any
part thereof, as to the title of the Note Parties to the Collateral, as to the security afforded by this Agreement or any other
Note Document. Agent shall not be responsible for insuring the Collateral or for the payment of taxes, charges, assessments or
liens upon the Collateral. Agent shall not be responsible for the maintenance of the Collateral, except as expressly provided
in the immediately following sentence when Agent has possession of the Collateral. Agent shall not have any duty to the Purchasers
as to any Collateral in its possession or in the possession of someone under its control or in the possession or control of any
agent or nominee of Agent or any income thereon or as to the preservation of rights against prior parties or any other rights
pertaining thereto, except the duty to accord such of the Collateral as may be in its possession substantially the same care as
it

    
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accords
similar assets held for the benefit of third parties and the duty to account for monies received by it. Agent shall not be under
an obligation independently to request or examine insurance coverage with respect to any Collateral. Agent shall not be liable
for the acts or omissions of any bank, depositary bank, custodian, independent counsel of the Note Parties or any other party
selected by Agent with reasonable care or selected by any other party hereto that may hold or possess Collateral or documents
related to Collateral and Agent shall not be required to monitor the performance of any such Persons holding Collateral. For the
avoidance of doubt, and notwithstanding anything contained in Section 10.10, Agent shall not be responsible to the Purchasers
for the perfection of any Lien or for the filing, form, content or renewal of any UCC financing statements, fixture filings, mortgages,
deeds of trust and such other documents or instruments, provided however that if instructed in writing by the Required
Purchasers and at the expense of the Issuer, Agent shall arrange for the filing and continuation, of financing statements or other
filing or recording documents or instruments for the perfection of security interests in the Collateral; provided, that,
Agent shall not be responsible for the preparation, form, content, sufficiency or adequacy of any such financing statements all
of which shall be provided in writing to Agent by the Required Purchasers including the jurisdictions and filing offices where
Agent is required to file such financing statements.

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

14.3.       Nature
of Duties and Exculpatory Provisions. Agent shall not have any duties or obligations except those expressly set forth in the
Note Documents to which it is a party, and no implied covenants, duties, obligations or liabilities shall be read into this Agreement
or any other Note Documents on the part of Agent. Without limiting the generality of the foregoing, (a) Agent shall not be subject
to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing and (b) except as expressly
set forth in the Note Documents, Agent shall not have any duty to disclose or shall be liable for the failure to disclose any
information relating to any Note Party or any of its Affiliates that is communicated to or obtained by Agent or any of its Affiliates
in any capacity. As to any matters not expressly provided for by this Agreement (including collection of any promissory notes)
or any matter that would require Agent to exercise any discretion hereunder or under any Note Document, Agent shall not be required
to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected
in so acting or refraining from

    
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acting)
upon the instructions of the Required Purchasers, and such instructions shall be binding; provided, however,
that Agent shall not be required to take any action unless it is furnished with an indemnification satisfactory to Agent with
respect thereto and Agent shall not be required to take any action which exposes Agent to liability or which is contrary to this
Agreement or the other Note Documents or Applicable Law. Agent may at any time request instructions from the Purchasers with respect
to any actions or approvals which by the terms of this Agreement or of any of the other Note Documents Agent is permitted or required
to take or to grant. If Agent shall request any such instructions, Agent shall be entitled to refrain from such act or taking
such action unless and until Agent shall have received instructions from the Required Purchasers, and Agent shall not incur liability
to any Person by reason of so refraining. Without limiting the foregoing, the Purchasers shall not have any right of action whatsoever
against Agent as a result of its acting or refraining from acting hereunder in accordance with the instructions of the Required
Purchasers. Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required
Purchasers (or such other number or percentage of the Purchasers as shall be required by the express terms of this Agreement or
the other Note Documents). Agent shall not have any liability for any failure, inability or unwillingness on the part of the Purchasers
or any Note Party to provide accurate and complete information on a timely basis to Agent, or otherwise on the part of any such
party to comply with the terms of this Agreement, and shall have no liability for any inaccuracy or error in the performance or
observance on Agent’s part of any of its duties hereunder that is caused by or results from any such inaccurate, incomplete
or untimely information received by it, or other failure on the part of any such other party to comply with the terms hereof.
Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder or under
the other Note Documents, unless Agent has received written notice from a Purchaser or the Issuer referring to this Agreement
or the other Note Documents, describing such Default or Event of Default and stating that such notice is a “notice of default”.
In the event that Agent receives such a notice, Agent shall give notice thereof to the Purchasers. Agent shall take such action
with respect to such Default or Event of Default as shall be reasonably directed by the Required Purchasers; provided, that, unless
and until Agent shall have received such directions, Agent may (but shall not be obligated to) take such action, or refrain from
taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Purchasers.
No Agent shall be liable for any action taken in good faith and reasonably believed by it to be within the powers conferred upon
it, or taken by it pursuant to any direction or instruction by which it is governed, or omitted to be taken by it by reason of
the lack of direction or instruction required hereby for such action (including without limitation for refusing to exercise discretion
or for withholding its consent in the absence of its receipt of, or resulting from a failure, delay or refusal on the part of
any Purchaser to provide, written instruction to exercise such discretion or grant such consent from any such Purchaser, as applicable).
Agent shall not be liable for any error of judgment made in good faith unless it shall be proven that Agent was grossly negligent
in ascertaining the relevant facts. Nothing herein or in any other Note Document or related documents shall obligate Agent to
advance, expend or risk its own funds, or to take any action which in its reasonable judgment may cause it to incur any expense
or financial or other liability for which it is not indemnified to its satisfaction. Agent shall not be liable for any indirect,
special, punitive or consequential damages (included but not limited to lost profits) whatsoever, even if it has been informed
of the likelihood thereof and regardless of the form of action. Any

    
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permissive
grant of power to Agent hereunder shall not be construed to be a duty to act. Before acting hereunder, Agent shall be entitled
to request, receive and rely upon such certificates and opinions as it may reasonably determine appropriate with respect to the
satisfaction of any specified circumstances or conditions precedent to such action. Agent shall not be responsible or liable for:
(i) delays or failures in performance resulting from acts beyond its control, including but not limited to, acts of God, strikes,
lockouts, riots, acts of war, epidemics, governmental regulations superimposed after the fact, fire, communication line failures,
computer viruses, power failures, earthquakes or other disasters, the unavailability of communications or computer facilities,
the failure of equipment or interruption of communications or computer facilities, or the unavailability of the Federal Reserve
Bank wire or telex or other wire or communication facility, (ii) any delay, error omission or default of any mail, telegraph,
cable or wireless agency or operator, or (iii) the acts or edicts of any government or governmental agency or other group or entity
exercising governmental powers. Agent shall not be liable for interest on any money received by it. For the avoidance of doubt,
Agent’s rights, protections, indemnities and immunities provided herein shall apply to Agent for any actions taken or omitted
to be taken under any Note Documents and any other related agreements in any of their capacities. The Agent may act through its
third party attorneys, custodians, nominees and agents (as opposed to employees of the Agent) and shall not be responsible for
the bad faith, willful misconduct or gross negligence of any such third party agents, custodians, nominees or attorneys appointed
with due care. The Agent shall not be required to take any action under this Agreement, the other Note Documents or any related
document if taking such action (A) would subject the Agent to a tax in any jurisdiction where it is not then subject to a tax,
or (B) would require the Agent to qualify to do business in any jurisdiction where it is not then so qualified. Agent shall not
be deemed to have knowledge or notice of the designation of any Purchaser as a “Defaulting Purchaser” hereunder unless
Agent has received written notice from the Issuer referring to this Agreement and notifying Agent of the identity and designation
of such Purchaser as a “Defaulting Purchaser”, which Agent may conclusively rely upon without incurring liability
therefor, and absent receipt of such notice from the Issuer, Agent may conclusively assume that no Purchaser under this Agreement
has been designated as a “Defaulting Purchaser”.

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

    
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Agent
may resign on thirty (30) days’ written notice to each of the Purchasers and Issuer and upon such resignation, the Required
Purchasers will promptly designate a successor Agent.

Any
such successor Agent shall succeed to the rights, powers and duties of Agent, and the term “Agent” shall mean such
successor agent effective upon its appointment, and the former Agent’s rights, powers and duties as Agent shall be terminated,
without any other or further act or deed on the part of such former Agent. After Agent’s resignation as Agent, the provisions
of this Article XIV shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent under this
Agreement. If no successor shall have been so appointed by the Required Purchasers and shall have accepted such appointment within
30 days after Agent gives notice of its resignation, then Agent may, on behalf of the Purchasers, appoint a successor Agent, with
the consent of the Issuer (such consent not to be unreasonably withheld, delayed or conditioned and not required if a Default
or Event of Default shall have occurred and be continuing), which successor shall be a commercial banking institution organized
under the laws of the United States (or any State thereof) or a United States branch or agency of a commercial banking institution,
in each case, having combined capital and surplus of at least $100,000,000; provided that if Agent is unable to find a
commercial banking institution that is willing to accept such appointment and which meets the qualifications set forth above,
Agent’s resignation shall nevertheless thereupon become effective (except that in the case of any Collateral held by Agent
on behalf of the Purchasers under any of the Note Documents, the Agent shall continue to hold such collateral security until such
time as a successor Agent is appointed), and the Required Purchasers shall assume and perform all of the duties of Agent under
the Note Documents until such time, if any, as the Required Purchasers appoint a successor Agent.

Upon
the acceptance of its appointment as an Agent hereunder by a successor, such successor shall succeed to and become vested with
all the rights, powers, privileges and duties of the retiring Agent, and the retiring (or retired) Agent shall be discharged from
its duties and obligations under the Note Documents. The fees payable by the Issuer to a successor Agent shall be the same as
those payable to its predecessor unless otherwise agreed between the Issuer and such successor. After Agent’s resignation
hereunder, the provisions of this Article XIV shall continue in effect for the benefit of such retiring Agent, its sub-agents
and their respective Affiliates in respect of any actions taken or omitted to be taken by any of them while it was acting as Agent.

14.5.       Reliance.
Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other
distribution) believed by it to be genuine and to have been signed, sent, or otherwise authenticated by a proper person. In determining
compliance with any condition hereunder to the issuance of a Note that by its terms must be fulfilled to the satisfaction of a
Purchaser, Agent may presume that such condition is satisfactory to such Purchaser unless Agent shall have received written notice
to the contrary from such Purchaser prior to the issuance of such Note. Agent may consult with legal counsel (who may be counsel
for the Note Parties), independent accountants, experts and other advisors selected by it, and shall not be liable for any action
taken or not taken by it in accordance with the advice of any such counsel, accountants, experts or advisors. Neither Agent nor
any of its respective

    
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directors,
officers, agents or employees shall be liable for any action taken or omitted to be taken by it or them under or in connection
with this Agreement or any of the other Note Documents, except for its or their own gross negligence or willful misconduct. Without
limiting the generality of the foregoing, Agent: (i) makes no warranty or representation to any Purchaser or any other Person
and shall not be responsible to any Purchaser or any Person for any statements, warranties or representations (whether written
or oral) made in or in connection with this Agreement or the other Note Documents; (ii) shall not have any duty to ascertain
or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement, the other Note
Documents or any related documents on the part of the Note Parties or any other Person or to inspect the property (including the
books and records) of the Note Parties; (iii) shall not be responsible to any Purchaser or any other Person for the due execution,
legality, validity, enforceability, genuineness, sufficiency, ownership, transferability or value of any Collateral, this Agreement,
the other Note Documents, any related document or any other instrument or document furnished pursuant hereto or thereto; and (iv) shall
incur no liability under or in respect of this Agreement or any other Note Document by relying on, acting upon (or by refraining
from action in reliance on) any notice, consent, certificate, instruction or waiver, report, statement, opinion, direction or
other instrument or writing (which may be delivered by telecopier, email, cable or telex, if acceptable to it) believed by it
to be genuine and believe by it to be signed or sent by the proper party or parties. Agent shall not have any liability to the
Note Parties or any Purchaser or any other Person for the Note Parties’ or any Purchaser’s, as the case may be, performance
of, or failure to perform, any of their respective obligations and duties under this Agreement or any other Note Document.

14.6.       Indemnification.
To the extent Agent is not reimbursed and indemnified by the Note Parties, each Purchaser will reimburse and indemnify Agent in
proportion to its respective portion of the outstanding principal amount of the Notes, from and against any and all liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever
which may be imposed on, incurred by or asserted against Agent in performing its duties hereunder, or in any way relating to or
arising out of this Agreement or any other Note Document; provided that, Purchasers shall not be liable for any portion of such
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from
Agent’s gross (not mere) negligence or willful misconduct (as determined by a court of competent jurisdiction in a final
non-appealable judgment). The indemnities contained in this Section 14.6 shall survive the
resignation or removal of the Agent and the termination of this Agreement and the
other Note Documents.

14.7.       Delivery
of Documents. To the extent Agent receives financial statements required under Sections 9.6, 9.7, 9.8, 9.11 and 9.12 from
the Issuer or any other Note Party pursuant to the terms of this Agreement which the Issuer or any other Note Party is not obligated
to deliver to each Purchaser, Agent will promptly furnish such documents and information to the Purchasers.

14.8.       No
Reliance on Agent’s Customer Identification Program. Each Purchaser acknowledges and agrees that neither such Purchaser,
nor any of its Affiliates, participants or assignees, may rely on Agent to

    
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carry out
such Purchaser’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations
required or imposed under or pursuant to the USA PATRIOT Act or the regulations thereunder, including the regulations contained
in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any other Anti-Terrorism Law,
including any programs involving any of the following items relating to or in connection with any Note Party, its Affiliates or
its agents, this Agreement, the other Note Documents or the transactions hereunder or contemplated hereby: (a) any identity verification
procedures, (b) any record-keeping, (c) comparisons with government lists, (d) customer notices or (e) other procedures required
under the CIP Regulations or such other laws.

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

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

(b)       to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and any
custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is
hereby authorized by each Purchaser to make such payments to Agent and, in the event that Agent shall consent to the making of
such payments directly to the Purchasers, to pay to Agent any amount due for the reasonable compensation, expenses, disbursements
and advances of Agent and its respective agents and counsel, and any other amounts due Agent under the Note Documents.

		XV.	GUARANTY.
                                         

15.1.       Guarantee
of Obligations. Each Guarantor unconditionally guarantees that the Obligations will be performed and paid in full in cash
when due and payable, whether at the stated or accelerated maturity thereof or otherwise, this guarantee being a guarantee of
payment and not of collectability and being absolute and in no way conditional or contingent (the “Guarantee”).
In the event any part of the Obligations shall not have been so paid in full when due and payable, each Guarantor will, immediately
upon notice by the Agent or, without notice, immediately upon the occurrence of an Event of Default under Section 10.7, pay or
cause to be paid to Agent for the account of each Purchaser in accordance with the Purchaser’s proportionate share of such
Obligations which are then due and payable and unpaid. The obligations of each Guarantor hereunder shall

    
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not be affected
by the invalidity, unenforceability or irrecoverability of any of the Obligations as against the Issuer, any other Note Party,
any other guarantor thereof or any other Person. For purposes hereof, the Obligations shall be due and payable when and as the
same shall be due and payable under the terms of this Agreement or any other Note Document notwithstanding the fact that the collection
or enforcement thereof may be stayed or enjoined under Debtor Relief Laws or other Applicable Law.

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

(a)       if
a claim is made upon the Purchasers at any time for repayment or recovery of any amounts or any property received by the Purchasers
from any source on account of any of the Obligations and the Purchasers repay or return any amounts or property so received (including
interest thereon to the extent required to be paid by the Purchasers); or

(b)       if
the Purchasers become liable for any part of such claim by reason of (i) any judgment or order of any court or administrative
authority having competent jurisdiction, or (ii) any settlement or compromise of any such claim,

(c)       then
in either case the Guarantors shall remain liable under this Agreement for the amounts so repaid or property so returned or the
amounts for which the Purchasers become liable (such amounts being deemed part of the Obligations) to the same extent as if such
amounts or property had never been received by the Purchasers, notwithstanding any termination hereof or the cancellation of any
instrument or agreement evidencing any of the Obligations. Not later than five days after receipt of notice from Agent or the
Required Purchasers, the Guarantors shall pay to the Agent, for the benefit of the Purchasers, an amount equal to the amount of
such repayment or return for which the Purchasers have so become liable. Payments hereunder by a Guarantor may be required by
Agent on any number of occasions.

15.3.       Waivers
with Respect to Obligations. Except to the extent expressly required by this Agreement or any other Note Document, each Guarantor
waives, to the fullest extent permitted by the provisions of applicable law, all of the following (including all defenses, counterclaims
and other rights of any nature based upon any of the following):

(a)       presentment,
demand for payment and protest of nonpayment of any of the Obligations, and notice of protest, dishonor or nonperformance;

(b)       notice
of acceptance of this guarantee and notice that the Notes have been sold by the Issuer hereunder in reliance on such Guarantor’s
guarantee of the Obligations;

    
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(c)       notice
of any Default or of any inability to enforce performance of the obligations of the Issuer or any other Person with respect to
any Note Document or notice of any acceleration of maturity of any Obligations;

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

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

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

(g)       any
statute of limitations or any statute or rule of law which provides that the obligation of a surety must be neither larger in
amount nor in other respects more burdensome than the obligation of the principal;

(h)       any
“single action” or “antideficiency” law which would otherwise prevent any Purchaser from bringing any
action, including any claim for a deficiency, against such Guarantor before or after Agent’s or the Purchasers’ commencement
or completion of any foreclosure action, whether judicially, by exercise of power of sale or otherwise, or any other law which
would otherwise require any election of remedies by Agent or any Purchaser;

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

(j)       to
the extent not referred to above, all defenses (other than payment) which the Issuer may now or hereafter have to the payment
of the Obligations, together with all suretyship defenses, which could otherwise be asserted by such Guarantor.

15.4.       Purchasers’
Power to Waive, etc. Notwithstanding anything to the contrary herein, with respect to this Article XV, each Guarantor grants
to Agent and each of the Purchasers full power in their discretion, without notice to or consent of such Guarantor, such notice
and consent being expressly waived to the fullest extent permitted by applicable law, and without in any way affecting the liability
of such Guarantor under its guarantee hereunder:

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

(b)       To
grant any extensions of the Obligations (for any duration), and any other indulgence with respect thereto, and to effect any total
or partial release (by operation of law or otherwise), discharge,

    
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compromise
or settlement with respect to the obligations of the Note Parties or any other Person in respect of the Obligations, whether or
not rights against such Guarantor under this Agreement are reserved in connection therewith;

(c)       To
take security in any form for the Obligations, and to consent to the addition to or the substitution, exchange, release or other
disposition of, or to deal in any other manner with, any part of any property contained in the Collateral whether or not the property,
if any, received upon the exercise of such power shall be of a character or value the same as or different from the character
or value of any property disposed of, and to obtain, modify or release any present or future guarantees of the Obligations and
to proceed against any of the Collateral or such guarantees in any order;

(d)       To
collect or liquidate or realize upon any of the Obligations or the Collateral in any manner or to refrain from collecting or liquidating
or realizing upon any of the Obligations or the Collateral; and

(e)       To
extend additional credit, if any, under this Agreement, any other Note Document or otherwise in such amount as the Purchasers
may determine, including increasing the amount of credit and the interest rate and fees with respect thereto, even though the
condition of the Note Parties (financial or otherwise, on an individual or consolidated basis) may have deteriorated since the
date hereof.

15.5.       Information
Regarding the Issuer, etc. Each Guarantor has made such investigation as it deems desirable of the risks undertaken by it
in entering into this Agreement and is fully satisfied that it understands all such risks. Each Guarantor waives any obligation
which may now or hereafter exist on the part of Agent or any Purchaser to inform it of the risks being undertaken by entering
into this Agreement or of any changes in such risks and, from and after the date hereof, each Guarantor undertakes to keep itself
informed of such risks and any changes therein. Each Guarantor expressly waives any duty which may now or hereafter exist on the
part of Agent or any Purchaser to disclose to such Guarantor any matter related to the business, operations, character, collateral,
credit, condition (financial or otherwise), income or prospects of the Issuer and its Affiliates or their properties or management,
whether now or hereafter known by Agent or any Purchaser. Each Guarantor represents, warrants and agrees that it assumes sole
responsibility for obtaining from the Issuer all information concerning this Agreement and all other Note Documents and all other
information as to the Issuer and its Affiliates or their properties or management as such Guarantor deems necessary or desirable.

15.6.       Certain
Guarantor Representations. Each Guarantor represents that:

(a)       it
is in its best interest and in pursuit of the purposes for which it was organized as an integral part of the business conducted
and proposed to be conducted by the Issuer and its Subsidiaries, and reasonably necessary and convenient in connection with the
conduct of the business conducted and proposed to be conducted by them, to induce the Purchasers to enter into this Agreement
and to purchase the Notes from the Issuer by making the Guarantee contemplated by this Article XV;

    
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(b)       the
proceeds from the sale of the Notes will directly or indirectly inure to its benefit;

(c)       by
virtue of the foregoing it is receiving at least reasonably equivalent value from the Purchasers for its Guarantee;

(d)       it
will not be rendered insolvent as a result of entering into this Agreement after taking into account its respective contribution
rights under Section 15.9;

(e)       after
giving effect to the transactions contemplated by this Agreement and the other Note Documents, it will have assets having a fair
saleable value in excess of the amount required to pay its probable liability on its existing debts as such debts become absolute
and matured;

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

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

(h)       it
has been advised that the Purchasers are unwilling to enter into this Agreement unless the Guarantee contemplated by this Article
XV is given by it.

15.7.       Subrogation.
Each Guarantor agrees that, until the Obligations are paid in full, it will not exercise any right of reimbursement, subrogation,
contribution, offset or other claims against the Issuer or any other Note Party arising by contract or operation of law in connection
with any payment made or required to be made by such Guarantor under this Agreement or any other Note Document. After the payment
in full of the Obligations, each Guarantor shall be entitled to exercise against the Issuer and the other Note Parties all such
rights of reimbursement, subrogation, contribution and offset, and all such other claims, to the fullest extent permitted by law.

15.8.       Subordination.
Each Guarantor covenants and agrees that all Indebtedness, claims and liabilities now or hereafter owing by the Issuer or any
other Note Party to such Guarantor, whether arising hereunder or otherwise, are subordinated to the prior payment in full of the
Obligations and are so subordinated as a claim against such Note Party or any of its assets, whether such claim be in the ordinary
course of business or in the event of voluntary or involuntary liquidation, dissolution, insolvency or bankruptcy, so that no
payment with respect to any such Indebtedness, claim or liability will be made or received while any Event of Default exists.
If, notwithstanding the foregoing, any payment with respect to any such Indebtedness, claim or liability is received by any Guarantor
in contravention of this Agreement, such payment shall be held in trust for the benefit of Agent and the Purchasers and promptly
turned over to it in the original form received by such Guarantor.

15.9.       Contribution
Among Guarantors. The Guarantors agree that, as among themselves in their

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

		XVI.	MISCELLANEOUS.

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

    
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16.2.       Entire
Understanding.

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

(b)       The
Required Purchasers (or the Agent with the consent in writing of the Required Purchasers) and Issuer may, subject to the provisions
of this Section 16.2(b), from time to time enter into written supplemental agreements to this Agreement or the other Note Documents
executed by the Note Parties, for the purpose of adding or deleting any provisions or otherwise changing, varying or waiving in
any manner the rights of the Purchasers, Agent or the Note Parties thereunder or the conditions, provisions or terms thereof or
waiving any Event of Default thereunder, but only to the extent specified in such written agreements; provided, however, that
no such supplemental agreement shall be effective if the effect would:

(i)       increase
the maximum dollar commitment of any Purchaser unless consented to in writing by such Purchaser;

(ii)       extend
the maturity of any Note or the due date for any amount payable hereunder, or decrease the rate of interest or reduce any fee
payable hereunder or under any other Note Document, in each case, unless consented to in writing by each Purchaser directly and
adversely affected thereby;

(iii)       alter
the definition of the term Required Purchasers or alter, amend or modify this Section 16.2(b) unless consented to in writing by
each Purchaser;

(iv)       in
each case, other than in connection with a transaction permitted under Section 7.1, (i) release all or substantially all
of the Collateral in any transaction or series of related transactions, unless consented to in writing by each Purchaser or (ii)
release all or substantially all of the aggregate value of the Guarantee, unless consented to in writing by each Purchaser;

(v)       change
the rights and duties of the Agent, or adversely affect the rights, duties, liabilities or indemnities of the Agent, unless consented
to in writing by the Required Purchasers and Agent;

    
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Any
such supplemental agreement shall apply equally to each Purchaser and shall be binding upon the Note Parties, the Purchasers and
Agent and all future holders of the Obligations. In the case of any waiver, the Note Parties, Agent and Purchasers shall be restored
to their former positions and rights, and any Event of Default waived shall be deemed to be cured and not continuing, but no waiver
of a specific Event of Default shall extend to any subsequent Event of Default (whether or not the subsequent Event of Default
is the same as the Event of Default which was waived), or impair any right consequent thereon.

Notwithstanding
anything to the contrary herein, no Defaulting Purchaser shall have any right to approve or disapprove any amendment, waiver or
consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Purchasers or each affected
Purchaser may be effected with the consent of the applicable Purchasers other than Defaulting Purchasers), except that (x) the
Commitment of any such Defaulting Purchaser may not be increased or extended without the consent of such Purchaser, (y) any waiver,
amendment or modification requiring the consent of all Purchasers or each affected Purchaser that by its terms materially and
adversely affects any Defaulting Purchaser to a greater extent than any other affected Purchaser shall require the consent of
such Defaulting Purchaser and (x) the consent of any Defaulting Purchaser shall be required in respect of any amendments referred
to in clauses (i) through (iii) of Section 16.2.

In
the event that (i) the Issuer has requested that the Purchasers consent to a departure or waiver of any provisions of the Note
Documents or agree to any amendment thereto, (ii) the consent, waiver or amendment in question requires the agreement of all the
Purchasers and (iii) the Required Purchasers have agreed to such consent, waiver or amendment, then with respect to any Purchaser
that has not so consented (such Purchaser, a “Non-Consenting Purchaser”), the Issuer may, at its sole expense
and effort, upon notice to such Non-Consenting Purchaser and the Agent, require such Non-Consenting Purchaser to sell, without
recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 16.3(c)), all of
its interests, rights and obligations with respect to the Notes or Commitments that is the subject of the related consent, waiver
and amendment and the related Note Documents to one or more existing Purchasers or new Purchasers eligible under Section 16.3(c)
(provided that neither the Agent nor any Purchaser shall have any obligation to the Issuer to find a replacement Purchaser or
other such Person) that shall acquire such obligations (any of which assignees may be another Purchaser, if a Purchaser accepts
such assignment), provided that (1) such sale must comply with the provisions of Section 16.3(c) and (2) such Non-Consenting
Purchaser shall have received payment of an amount equal to the applicable outstanding principal of its Notes, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder and under the other Note Documents (including the full amount
of the Prepayment Premium, if any, under Section 2.4(b)) from the assignee (to the extent of such outstanding principal and accrued
interest and fees) or the Issuer (to the extent amounts are due and owing to the Non-Consenting Purchaser in excess of amounts
due from the assignee). A Non-Consenting Purchaser shall not be required to consummate any such sale or delegation if, prior thereto,
as a result of a waiver by such Non-Consenting Purchaser or otherwise, the circumstances entitling the Issuer to require such
sale and delegation cease to apply. If any Non-Consenting Purchaser shall refuse or fail to execute and deliver any Assignment
and Assumption required pursuant to Section 16.3 within ten (10) Business Days of any

    
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request
therefor by the Agent, the Issuer or any Purchaser, the Non-Consenting Purchaser shall automatically be deemed to have executed
and delivered such Assignment and Assumption.

16.3.       Successors
and Assigns; Participations; New Purchasers.

(a)       This
Agreement shall be binding upon and inure to the benefit of the Note Parties, Agent, each Purchaser, all future holders of the
Obligations and their respective successors and assigns, except that no Note Party may assign or transfer any of its rights or
obligations under this Agreement without the prior written consent of each Purchaser. Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns
permitted hereby and, to the extent expressly contemplated hereby, Affiliates of the Purchasers) any legal or equitable right,
remedy or claim under or by reason of this Agreement.

(b)       Each
Note Party acknowledges that one or more Purchasers may at any time and from time to time sell, assign or transfer one or more
participating interests in the Notes to other financial institutions (each such transferee or purchaser of a participating interest,
a “Participant”). No Participant, other than an Affiliate of the Purchaser granting such participation, shall
be entitled to require such Purchaser to take or omit to take any action hereunder except with respect to any amendment, modification
or waiver that would (i) extend the scheduled maturity of any Note in which such Participant is participating, or reduce the rate
or extend the time of payment of interest or fees thereon (except in connection with a waiver of applicability of any post-Default
increase in interest rates) or reduce the principal amount thereof, or increase the amount of the Participant’s participation
over the amount thereof then in effect (it being understood that a waiver of any Default or Event of Default shall not constitute
a change in the terms of such participation, and that an increase in the principal amount of any Note shall be permitted without
the consent of any Participant if the Participant’s participation is not increased as a result thereof), or (ii) consent
to the release of all or substantially all of the value of the Guarantee, or all or substantially all of the Collateral. The Issuer
agrees that each Participant shall be entitled to the benefits of Sections 3.10 hereof to the same extent as if it were a Purchaser
and had acquired its interest by assignment pursuant to paragraph (c) of this Section 16.3, and that each Participant may exercise
all rights of payment (including rights of set-off) with respect to the portion of such Notes held by it or other Obligations
payable hereunder as fully as if such Participant were the direct holder thereof provided that the Issuer shall not be required
to pay to any Participant more than the amount which it would have been required to pay to Purchaser which granted an interest
in its Notes or other Obligations payable hereunder to such Participant had such Purchaser retained such interest in the Notes
hereunder or other Obligations payable hereunder (unless the sale of the participation to such Participant is made with the Issuer’s
prior written consent), and in no event shall the Issuer be required to pay any such amount arising from the same circumstances
and with respect to the same Notes or other Obligations payable hereunder to both such Purchaser and such Participant. Each Purchaser
that sells a participation, acting solely for this purpose as an agent of the Issuer, shall maintain a register on which it records
the name and address of each Participant and the principal amounts of each Participant’s interest in the Notes (each, a
“Participant Register”). The entries in the Participant Register shall be conclusive absent manifest error,
and the Issuer shall treat each Person whose

    
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name is
recorded in the Participant Register pursuant to the terms hereof as the holder of such Notes for all purposes of this Agreement,
notwithstanding any notice to the contrary. Each Note Party hereby grants to any Participant a continuing security interest in
any deposits, moneys or other property actually or constructively held by such Note Party as security for the Participant’s
interest in the Notes. In connection with any
participation contemplated hereby (A) such Purchaser’s obligations under this Agreement and
the other Note Documents shall remain unchanged, (B) such Purchaser shall remain solely responsible
to the other parties hereto for the performance of such obligations and (C) the Note Parties, the Agent and the other Purchasers
shall continue to deal solely and directly with such Purchaser in connection with
such Purchaser’s rights and obligations under this Agreement and the other
Note Documents. Any agreement or instrument pursuant to which a Purchaser sells such
a participation shall provide that such Purchaser shall retain the sole right to enforce this Agreement
and the other Note Documents and, except for the rights of a Participant set forth in this Section 16.3(b), to approve any amendment,
modification or waiver of any provision of this Agreement and the other Note Documents.
Notwithstanding anything to the contrary contained herein, no Purchaser shall be permitted to effect any sale, assignment
or transfer of any rights or obligations under or relating to the Notes or any of its Commitments if, as a result of such sale,
assignment or transfer, any Note Party would be required to become a reporting company under the Exchange Act. Any transfer in
violation of the foregoing will be void ab initio.

(c)       Any
Purchaser
may sell, assign
or transfer all
or any part
of its rights
and obligations
under or relating
to its Notes and/or
its Commitments to any
(i) existing
Purchaser,
Related
Fund or Affiliate
of a Purchaser;
or (ii) any
other Person
(other than
indirect holders of the Equity Interests
of Holdings and their
respective Affiliates,
including the Note Parties
and their Subsidiaries,
except
as set forth
in clauses
(d) and
(e) below),
provided,
that such
Purchaser
may not sell, assign
or transfer
to any Disqualified
Person; provided,
further,
that in the case of clause
(ii), such
sale,
assignment
or transfer
shall be in a minimum amount of not
less than $500,000 (the
“Minimum Transfer
Level”)
except
in the case of an
assignment of all
of a Purchaser’s
rights
and obligations
under this Agreement,
provided, that
the Minimum Transfer
Level
shall be met if the aggregate
principal
amount of the Notes and/or
Commitments to be
sold, assigned,
transferred,
or negotiated
hereunder
in a single transaction
or series
of related
transactions
by any
Purchaser
or group of affiliated
Purchasers
to a single transferee
or group of affiliated
transferees
exceeds
the Minimum Transfer
Level.
Such sale,
assignment,
or transfer
shall be effected
pursuant to an
Assignment
and Assumption, executed
by a new Purchaser,
the transferor
Purchaser,
and Agent
and delivered
to Agent for recording.
Upon such execution,
delivery,
acceptance
and recording,
from and
after the transfer
effective
date determined
pursuant
to such Assignment
and Assumption, (i)
new Purchaser
thereunder
shall be a party
hereto and, to the extent
provided in such
Assignment and
Assumption, have the rights
and obligations
of a Purchaser
under this Agreement,
and (ii) the transferor
Purchaser
thereunder
shall, to the extent
provided in such
Assignment
and Assumption, be released
from its obligations
under this Agreement,
the Assignment and
Assumption creating
a novation for
that purpose.
Such Assignment
and Assumption shall
be deemed
to amend
this Agreement
to the extent,
and only to the extent,
necessary
to reflect
the addition
of such new Purchaser
and the resulting
adjustment of the Commitments
arising from the purchase
by such new
Purchaser
of all or a portion
of the rights
and obligations
of such transferor
Purchaser
under this Agreement
and the other Note
Documents. The Issuer
consents to the addition
of such new
Purchaser
and the resulting
adjustment of the rights
and obligations
of the Purchasers

    
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arising
from the purchase
by such new
Purchaser
of all or a portion
of the rights
and obligations
of such transferor
Purchaser
under this Agreement
and the other Note Documents
made in compliance
with this Section 16.3(c).
Upon the reasonable request
of the Issuer,
such new Purchaser
shall deliver
customary
certificates
confirming
the representations
and warranties
of such new Purchaser
pursuant to
Article XVII
hereof. Notwithstanding
anything
to the contrary
contained
herein,
no Purchaser
shall be permitted
to effect
any sale,
assignment
or transfer
of any rights
or obligations under
or relating
to its Notes or its Commitments
if, as a result
of such sale,
assignment
or transfer,
any Note Party
would be required
to become a reporting
company
under the Exchange
Act. Any transfer
in violation of the foregoing
will be void ab initio. In no event shall the Issuer or any of its subsidiaries consent to the sale, assignment,
transfer or participation of any loans or commitments under the First Lien Term Loan Agreement to any Person that is a Disqualified
Person.

(d)       Any
Purchaser may at any time assign all or a portion of its rights and obligations with respect to Notes under this Agreement to
the indirect holders of the Equity Interests of Holdings and their respective Affiliates (other than the Note Parties and their
Subsidiaries) (in such capacity, the “Affiliated Purchasers” and each, an “Affiliated Purchaser”),
through (x) Dutch auctions or other offers to purchase open to all Purchasers on a pro rata basis or (y) open market purchase
on a non-pro rata basis, in each case subject to the following limitations:

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

(ii)       Affiliated
Purchasers will not receive information provided solely to Purchasers by Agent or any Purchaser and will not be permitted to attend
or participate in conference calls or meetings attended solely by the Purchasers and Agent, other than the right to receive notices
of prepayments and other administrative notices in respect of its Notes or Commitments required to be delivered to Purchasers
pursuant to Article II;

(iii)       For
purposes of determining whether the “Required Purchasers” have consented to (or not consented to) any amendment, waiver
or modification of this Agreement or the other Note Documents, or any plan of reorganization that does not in each case adversely
affect the Affiliated Purchasers (solely in their capacity as Purchasers of Notes) as compared to other affected Purchasers of
Notes, such Affiliated Purchasers shall be deemed to have voted in the same proportion as non-Affiliated Purchasers voting on
such matter;

(iv)       each
Affiliated Purchaser that purchases any Notes shall represent and warrant to the selling Purchaser and Agent (other than any other
Affiliated Purchaser), or shall make a statement that such representation cannot be made, that it does not possess material non-public
information with respect to Holdings and its Subsidiaries or the securities of any of them that has not been disclosed to the
Purchasers generally (other than Purchasers who elect not to receive such information);

    
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(v)       the
aggregate principal amount of Notes held at any one time by Affiliated Purchasers shall not exceed 25% of the original principal
amount of all Notes at such time outstanding; (such percentage, the “Affiliated Purchaser Cap”); provided
that to the extent any assignment to an Affiliated Purchaser would result in the aggregate principal amount of all Notes held
by Affiliated Purchasers exceeding the Affiliated Purchaser Cap, the assignment of such excess amount will be void ab initio;
and

(vi)       as
a condition to each assignment pursuant to this clause (d), Agent, the other Purchasers and the Issuer shall have been provided
a notice in the form of Exhibit 16.3(d)(B) to this Agreement in connection with each assignment to an Affiliated Purchaser
or a Person that upon effectiveness of such assignment would constitute an Affiliated Purchaser pursuant to which such Affiliated
Purchaser shall waive any right to bring any action in connection with such Notes against Agent, in its capacity as such.

Each
Affiliated Purchaser agrees to notify Agent and the other Purchasers promptly (and in any event within ten (10) Business Days)
if it acquires any Person who is also a Purchaser, and each Purchaser agrees to notify Agent and the other Purchasers promptly
(and in any event within ten (10) Business Days) if it becomes an Affiliated Purchaser. Such notice shall contain the type of
information required and be delivered to the same addressee as set forth in Exhibit 16.3(d)(B).

Notwithstanding
anything to the contrary contained herein, any Affiliated Purchaser that has purchased Notes pursuant to this subsection (d) may,
in their sole discretion, contribute, directly or indirectly, principal amount of such Notes, plus all accrued and unpaid interest
thereon, to the Issuer for the purpose of cancelling and extinguishing such Term Notes. Upon the date of such contribution, assignment
or transfer, (x) the aggregate outstanding principal amount of Notes shall reflect such cancellation and extinguishing of the
Notes then held by the Issuer and (y) the Issuer shall promptly provide notice to Agent of such contribution of such Notes and
the Issuer, upon receipt of such notice, shall reflect the cancellation of the applicable Notes in the Register.

(e)       Any
Purchaser may, so long as no Default or Event of Default has occurred and is continuing, at any time, assign all or a portion
of its rights and obligations with respect to Notes under this Agreement to the Issuer through (x) Dutch auctions or other offers
to purchase open to all Purchasers on a pro rata basis or (y) open market purchase on a non-pro rata basis; provided that
(i) the principal amount of such Notes, along with all accrued and unpaid interest thereon, so assigned or transferred to the
Issuer shall be deemed automatically cancelled and extinguished on the date of such assignment or transfer, (ii) the aggregate
outstanding principal amount of Notes of the remaining Purchasers shall reflect such cancellation and extinguishing of the Notes
then held by the Issuer and (iii) the Issuer shall promptly provide notice to Agent and the Purchasers of such assignment, transfer
and cancellation of such Notes, and the Issuer shall reflect the cancellation of the applicable Notes in the Register.

(f)       (i)
Each Note Party authorizes each Purchaser to disclose to any prospective purchaser any and all financial information in such Purchaser’s
possession concerning such Note Party which has been delivered to such Purchaser by or on behalf of such Note Party pursuant to
this Agreement or in connection

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

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

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

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

(i)       In
connection with any sale, assignment or transfer contemplated by this Section 16.3, it shall be a condition precedent to such
sale, assignment or transfer that, unless the Notes are registered under the Securities Act and applicable state securities laws
(i) the prospective purchaser, assignee or transferee deliver to the Agent an administrative questionnaire in form satisfactory
to the Agent and (ii) either (A) the prospective purchaser, assignee or transferee deliver to the Issuer a written certification
(1) that it is a QIB or (2) containing representations substantially similar to the representations set forth in Article XVII
hereof (other than the representations contained in (A) Section 17.3(ii), (B) the second sentence of Section 17.5 or (C) Section
17.7), but made by the prospective purchaser, assignee or transferee with respect to the purchase, assignment or

    
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transfer
of the Notes mutatis mutandis or (B) the prospective seller, assignor or transferor deliver to the Issuer a written certification
in form an substance reasonably satisfactory to the Issuer, that the prospective sale, assignment or transfer is being made pursuant
to an exemption from registration under the Securities Act or the rules and regulations of the SEC thereunder, and applicable
state securities laws. Notwithstanding anything contained herein to the contrary, the Agent shall have no obligation or duty to
monitor, determine or inquire as to compliance with any restrictions on transfer or exchange imposed under any applicable law
(including, without limitation, the Securities Act) with respect to any transfer or exchange of any interest in any Note (including
any transfers or exchanges between or among Participants).

16.4.       Register.
The Issuer shall keep at its principal office a register (the “Register”) in which the Issuer shall provide
for the registration of the Notes (including, without limitation, principal amounts and interest thereon) and the transfer of
the same. Upon surrender for registration of transfer of any Notes in accordance with Section 16.3 at the principal office of
the Issuer and at the written request of the applicable Purchaser, the Issuer shall record such transfer in the Register and the
Issuer shall, at its expense, promptly execute and deliver one or more new Notes, as applicable, of like tenor and of a like principal
amount, registered in the name of such transferee or transferees and, in the case of a transfer in part, a new Note in the appropriate
amount registered in the names of such transferor. While the Notes are “restricted securities” within the meaning
of Rule 144(a)(3) under the Securities Act, the Issuer shall provide the Purchasers with the information specified in, and meeting
the requirements of Rule 144A(d)(4) under the Securities Act in connection with any proposed transfer. The requirement that the
ownership and transfer of the Notes shall be reflected in the Register is intended to ensure that the Notes qualify as an obligation
issued in “registered form” as that term is used in Sections 163(f), 871(h), and 881(c) of the Internal Revenue Code
and shall be interpreted accordingly and, notwithstanding anything to the contrary in this Agreement, no Notes (or any part thereof)
may be sold, assigned or transferred without such sale, assignment or transfer being reflected in the Register. The entries in
the Register shall be conclusive absent demonstrable error, and each Person whose name is recorded in the Register shall be treated
as the holder of the Note for all purposes under this Agreement; provided, failure to make any such recordation, or any
error in such recordation, shall not affect Issuer’s Obligations in respect of the Notes. The Register shall be available
for inspection by any Purchaser (with respect to any entry relating to such Purchaser’s Note) at any reasonable time and
from time to time upon reasonable prior notice and a copy of the Register shall be provided to the Agent upon its request.

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

16.6.       Replacement
Notes. If any mutilated Note is surrendered to the Issuer and the Issuer receives evidence to its satisfaction of the ownership
and destruction, loss or theft of any Note, the Issuer shall issue a replacement Note. If required by the Issuer, an unsecured
indemnity must be supplied by the applicable Purchaser that is sufficient in the judgment of the Issuer to protect the Issuer
from any loss that it may suffer if a Note is replaced.

16.7.       Application
of Payments. To the extent that any Note Party makes a payment or Agent or

    
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any Purchaser
receives any payment or proceeds of the Collateral for any Note Party’s benefit, which are subsequently invalidated, declared
to be fraudulent or preferential, set aside or required to be repaid to a trustee, debtor in possession, receiver, custodian or
any other party under any bankruptcy law, common law or equitable cause, then, to such extent, the Obligations or part thereof
intended to be satisfied shall be revived and continue as if such payment or proceeds had not been received by Agent or such Purchaser.

16.8.       Indemnity.

(a)       Except
for taxes (other than Other Taxes) which shall be covered by Section 3.9 only, the Note Parties shall jointly and severally indemnify
Agent, each Purchaser and each of their respective Affiliates, successors and assigns and the officers, directors, attorneys,
advisors, employees, agents, controlling persons and members of each of the foregoing (each an “Indemnitee”
and, collectively, the “Indemnitees”) from and against any and all liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, all reasonable and reasonably documented out-of-pocket costs, expenses and disbursements
(but limited, in the case of legal fees, expenses and disbursements, to the number of counsel set forth in the paragraphs labeled
“First” and “Third” in Section 11.6 of this Agreement), and actual and direct losses (other than lost
profits) of such Indemnitees arising out of or relating to any claim or any litigation, investigation, or other proceeding, in
each case that relates to any transaction contemplated by this Agreement or the other Note Documents, except to the extent that
any of the foregoing arises out of (x) the fraud, gross negligence, bad faith or willful misconduct of or a material breach of
this Agreement or the other Note Documents (except to the extent arising out of any action or omission taken or omitted to be
taken by the Agent at the written direction of the Required Purchasers) by the party being indemnified or its Affiliates and their
respective officers, directors, employees, advisors and agents (as determined by a court of competent jurisdiction in a final
and non-appealable judgment), or (y) disputes solely among the Indemnitees (other than disputes involving the Agent) and not arising
out of any act or omission of any Note Party or any of their Affiliates or (z) entering into a settlement agreement related thereto
without the written consent of the Issuer (such consent not to be unreasonably withheld, conditioned or delayed). No Note Party
nor any of its respective Affiliates and Subsidiaries or the respective directors, officers, employees, advisors and agents of
the foregoing shall be liable for any indirect, special, punitive, or consequential damages (other than in respect of any such
damages incurred or paid by an Indemnitee to a third party) in connection with this Agreement or any other Note Document or the
transactions contemplated hereby and thereby. Additionally, if any stamping, recording or similar taxes (“Other Taxes”)
shall be payable by Agent, the Purchasers or the Note Parties on account of the execution or delivery of this Agreement, or the
execution, delivery, issuance or recording of any of the other Note Documents, or the creation or repayment of any of the Obligations
hereunder, by reason of any Applicable Law now or hereafter in effect, the Issuer will pay within 10 Business Days (or will promptly
reimburse Agent and the Purchasers for payment thereof within 10 Business Days) all such Other Taxes, including interest and penalties
thereon, and will indemnify and hold the Indemnitees harmless from and against all liability in connection therewith provided,
that the Issuer have received written demand therefore specifying in reasonable detail the nature and amount of such taxes.

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

(c)       The
indemnities contained in this Section 16.8 shall survive the resignation or removal of the
Agent and the termination of this Agreement and the other Note Documents.

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

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

(b)       If
given by mail, four days after such Notice is deposited with the United States Postal Service, with first-class postage prepaid,
return receipt requested;

(c)       In
the case of a telephonic Notice, when a party is contacted by telephone, if delivery of such telephonic Notice is confirmed no
later than the next Business Day by hand delivery, a facsimile or electronic transmission, a Website Posting or an overnight courier
delivery of a confirmatory Notice (received at or before noon on such next Business Day);

(d)       In
the case of a facsimile transmission, when sent to the applicable party’s facsimile machine’s telephone number, if
the party sending such Notice receives confirmation of the delivery thereof from its own facsimile machine;

(e)       In
the case of electronic transmission, when actually received;

(f)       In
the case of a Website Posting, upon delivery of a Notice of such posting (including the information necessary to access such site)
by another means set forth in this Section 16.9; and

    
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(g)       If
given by any other means (including by overnight courier), when actually received.

Any
Purchaser giving a Notice to the Issuer or any Note Party shall concurrently send a copy thereof to Agent, and Agent shall promptly
notify the other Purchasers of its receipt of such Notice.

(A)       If
to Agent at:

U.S. Bank National Association

214 N. Tryon Street, 26th
Floor

Charlotte, NC 28202

Attention: CDO Trust Services / James Hanley

Facsimile No: (704) 335-4670

Email: agency.services@usbank.com

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

Ropes
& Gray LLP

1211
Avenue of the Americas

New
York, New York 10036

Attention:
Sunil W. SavkarSteven R. Rutkovsky,
Esq.

Telephone:
(212) 841-57625782

Facsimile:
(646) 728-1667

Email:
steven.rutkovsky@ropesgray.com

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

101
Keane2121 Sage Road

Lewis
Run, PA 16738

Houston,
TX 77056

Attention:Greg
Powell

Telephone:(814713)
363960-93800381

Facsimile:(814713)
363960-93341048

with
a copy (which shall not constitute notice) to:

 

Schulte
Roth & Zabel LLP

919 Third
Avenue

New York,
New York 10022

Attention:Kirby
Chin, Esq.

Telephone:(212)
756-2555

Facsimile:(212)
593-5955

    
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and
to:

Cerberus Capital Management

875 Third Avenue

New York, New York 10022

Attention:Lisa Gray, Esq.

Telephone:(212) 284-7925

Facsimile:(212) 750-5212

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

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

16.12.       Expenses.
Except for taxes (other than Other Taxes) which shall be solely covered by Section 3.9, (a) all reasonable and documented out-of-pocket
costs and expenses including reasonable and documented attorneys’ fees and disbursements (but subject to the number of counsel
set forth in the paragraph labeled “First” in Section 11.6 of this Agreement) incurred by Agent on its behalf or on
behalf of the Purchasers and (b) reasonable and documented attorney’s fees and disbursements (but subject to the number
of counsel set forth in the paragraph labeled “Third” in Section 11.6 of this Agreement) incurred by the Purchasers,
in each case, (i) in all efforts made to enforce payment of any Obligation or effect collection of any Collateral or enforcement
of this Agreement or any of the other Note Documents, or (ii) in connection with the entering into, modification, amendment and
administration of this Agreement or any of the other Note Documents or any consents or waivers hereunder or thereunder and all
related agreements, documents and instruments, or (iii) in instituting, maintaining, preserving, enforcing and foreclosing on
Agent’s security interest in or Lien on any of the Collateral, or maintaining, preserving or enforcing any of Agent’s
or any Purchaser’s rights hereunder or under any of the other Note Documents and under all related agreements, documents
and instruments, whether through judicial proceedings or otherwise, or (iv) in defending or prosecuting any actions or proceedings
arising out of or relating to Agent’s or any Purchaser’s transactions with any Note Party or (v) in connection with
the performance of its obligations under the Note Documents or any advice given to Agent or any Purchaser with respect to its
rights and obligations under this Agreement or any of the other Note Documents and all related agreements, documents and instruments,
may be charged to the Issuer and shall be part of the Obligations.

16.13.       Injunctive
Relief. Each Note Party recognizes that, in the event any Note Party fails to perform, observe or discharge any of its obligations
or liabilities under this Agreement, or threatens to fail to perform, observe or discharge such obligations or liabilities, any
remedy at law may prove to be inadequate relief to the Purchasers; therefore, Agent, if Agent so requests, shall be entitled to
temporary and permanent injunctive relief in any such case without the necessity of proving that actual damages are not an adequate
remedy.

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

16.15.       Captions.
The captions at various places in this Agreement are intended for convenience only and do not constitute and shall not be interpreted
as part of this Agreement.

16.16.       Counterparts;
Facsimile Signatures. This Agreement may be executed in any number of and by different parties hereto on separate counterparts,
all of which, when so executed, shall be deemed an original, but all such counterparts shall constitute one and the same agreement.
Any signature delivered by a party by facsimile or electronic transmission shall be deemed to be an original signature hereto.

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

16.18.       Confidentiality;
Sharing Information. Agent, each Purchaser and each new or prospective purchaser shall hold all non-public information obtained
by Agent, such Purchaser or such new or prospective purchaser pursuant to the requirements of this Agreement in accordance with
Agent’s, such Purchaser’s and such new or prospective purchaser’s customary procedures for handling confidential
information of this nature; provided, however, Agent, each Purchaser and each new or prospective purchaser may disclose such confidential
information (A) if required to do so by any applicable statute, law, rule or regulation,
(B) to any government agency or regulatory body having or claiming authority to regulate
or oversee any respects of the Agent’s, Purchaser’s or new or prospective
purchaser’s business or that of its Affiliates, (C) pursuant to any subpoena,
civil investigative demand or similar demand or request of any court, regulatory authority,
arbitrator or arbitration to which the Agent, Purchaser or new or prospective purchaser or an Affiliate or
an officer, director, employer or shareholder thereof is a party, or (D) to any Affiliate, independent
or internal auditor, agent, employee, investor or other funding source or attorney of the Agent, Purchaser or new or prospective
purchaser having a need to know the same, provided that the Agent, Purchaser or new
or prospective purchaser, as applicable, advises such recipient of the confidential
nature of the information being disclosed, or any other disclosure authorized by the Issuer; provided, further, that in the
event that the Agent, Purchaser or new or prospective purchaser is requested by its regulators, or is required by subpoena,
court order or other similar process, to disclose confidential

    
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information,
the Agent, Purchaser or new or prospective purchaser, as applicable, will, unless otherwise requested by its regulators or prohibited
by applicable law, provide the Issuer with notice thereof as promptly as practicable under the circumstances, it being agreed
that the Agent, Purchaser or new or prospective purchaser, as applicable, shall incur no liability for its failure to provide
such notice. Each Note Party acknowledges that from time to time financial advisory, investment banking and other services may
be offered or provided to such Note Party or one or more of its Affiliates (in connection with this Agreement or otherwise) by
any Purchaser or by one or more Subsidiaries or Affiliates of such Purchaser and each Note Party hereby authorizes each Purchaser
to share any information delivered to such Purchaser by such Note Party and its Subsidiaries pursuant to this Agreement, or in
connection with the decision of such Purchaser to enter into this Agreement, to any such Subsidiary or Affiliate of such Purchaser,
it being understood that any such Subsidiary or Affiliate of any Purchaser receiving such information shall be bound by the provisions
of this Section 16.18 as if it were a Purchaser hereunder. Such authorization shall survive the repayment of the other Obligations
and the termination of this Agreement.

16.19.       Publicity.
Each Note Party hereby authorizes the Purchasers to make appropriate announcements of the financial arrangement entered into among
the Note Parties, Agent and the Purchasers, including announcements which are commonly known as tombstones, in such publications
and to such selected parties as any Purchaser shall deem appropriate.

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

16.21.       INTERCREDITOR
AGREEMENT.

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

(b)       EACH
PURCHASER AUTHORIZES AND INSTRUCTS AGENT TO ENTER INTO THE INTERCREDITOR AGREEMENT ON BEHALF OF SUCH PURCHASER, AND TO TAKE ALL

    
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ACTIONS
(AND EXECUTE ALL DOCUMENTS) REQUIRED (OR DEEMED ADVISABLE) BY IT IN ACCORDANCE WITH THE TERMS OF SUCH INTERCREDITOR AGREEMENT.
EACH PURCHASER AGREES TO BE BOUND BY AND WILL TAKE NO ACTIONS CONTRARY TO THE PROVISIONS OF THE INTERCREDITOR AGREEMENT.

(c)       THE
PROVISIONS OF THIS SECTION 16.21 ARE NOT INTENDED TO SUMMARIZE ALL RELEVANT PROVISIONS OF THE INTERCREDITOR AGREEMENT. REFERENCE
MUST BE MADE TO THE INTERCREDITOR AGREEMENT ITSELF TO UNDERSTAND ALL TERMS AND CONDITIONS THEREOF. EACH PURCHASER IS RESPONSIBLE
FOR MAKING ITS OWN ANALYSIS AND REVIEW OF THE INTERCREDITOR AGREEMENT AND THE TERMS AND PROVISIONS THEREOF, AND NEITHER THE AGENT
NOR ANY OF ITS AFFILIATES MAKES ANY REPRESENTATION TO ANY PURCHASER AS TO THE SUFFICIENCY OR ADVISABILITY OF THE PROVISIONS CONTAINED
IN THE INTERCREDITOR AGREEMENT.

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

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

16.23.       Anti-Terrorism
Laws.

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

(b)       Each
Note Party covenants and agrees that (i) no Covered Entity will become a Sanctioned Person, (ii) no Covered Entity, either in
its own right or through any third party, will (A) have any of its assets in a Sanctioned Country or in the possession, custody
or control of a Sanctioned Person in violation of any Anti-Terrorism Law; (B) do business in or with, or derive any of its income
from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law;
(C) engage in any dealings or transactions prohibited by any Anti-Terrorism Law or (D) use the proceeds of the

    
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issuance
of the Notes to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Country
or Sanctioned Person in violation of any Anti-Terrorism Law, (iii) the funds used to repay the Obligations will not be derived
from any unlawful activity, (iv) each Covered Entity shall comply with all Anti-Terrorism Laws and (v) each Note Party shall promptly
notify the Agent and Purchasers in writing upon the occurrence of a Reportable Compliance Event.

		XVII.	REPRESENTATION
                                         AND WARRANTIES OF THE PURCHASERS.

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

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

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

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

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

17.5.       Information.
Such Purchaser and its advisors, if any, have been furnished with all materials relating to the business, finances and operations
of the Issuer and materials relating to the offer and sale of the Notes that have been requested by such Purchaser. Such Purchaser
and its advisors, if any, have been afforded the opportunity to ask questions of the Note Parties. Neither such inquiries nor
any other due diligence investigations conducted by such Purchaser or its advisors, if any, or its representatives shall modify,
amend or affect such Purchaser’s right to rely on the representations and warranties of the Note Parties contained herein.
Such Purchaser understands that its investment in the Notes involves a high degree of risk and is able to afford a complete loss
of such investment. Such Purchaser has sought such accounting, legal and tax advice as it has considered necessary to make an
informed investment decision with respect to its acquisition of the Notes.

17.6.       No
Governmental Review. Such Purchaser understands that no United States federal or state agency or any other government or governmental
agency has passed on or made any recommendation or endorsement of the Notes or the fairness or suitability of the investment in
the Notes nor have such authorities passed upon or endorsed the merits of the offering of the Notes.

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

		XVIII.	REGISTERED
                                         INVESTMENT COMPANIES

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

    
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If a Trust has executed this instrument
on behalf of more than one series of such Trust, you also agree that the obligations of each series hereunder shall be several
and not joint, in accordance with its proportionate interest hereunder, and you agree not to proceed against any series for the
obligations of another.

 

 

[Signatures on next
page]

 

    
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 ANNEX
A

 

 

[Included
under separate cover]

 

 

 

 

 

 

 

 

 

 

    
		
	 

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