Document:

EX-10.7

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Exhibit 10.7 

EXECUTION VERSION 
 SIXTH
AMENDMENT 
 Dated as of February 17, 2021 

to 
 REVOLVING CREDIT
AGREEMENT 
 Dated as of February 22, 2018 

This SIXTH AMENDMENT TO REVOLVING CREDIT AGREEMENT (this “Amendment”), dated as of February 17, 2021, is entered into by
and among Goldman Sachs Renewable Power Operating Company LLC (the “Borrower”), Goldman Sachs Renewable Power LLC (the “Guarantor”), HSBC Bank USA, National Association, as the administrative agent under the Credit
Agreement (as defined below) (in such capacity, the “Administrative Agent”), letter of credit issuer (the “Letter of Credit Issuer”) and a lender, and the lenders identified on the signature pages hereto (each, a
“Lender” and collectively, the “Lenders”). 
 RECITALS 

A. The parties hereto have entered into that certain Revolving Credit Agreement, dated as of February 22, 2018 (as amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”); and 
 B. The Credit Parties have requested
that the Administrative Agent and the Lenders, as applicable, agree to certain modifications to the Credit Agreement and each have agreed to the requested modifications on the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of the mutual promises herein contained and for other valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
 SECTION 1. Definitions.
All capitalized terms not otherwise defined herein are used as defined in the Credit Agreement or the Pledge, as applicable. 
 SECTION 2.
Amendments to the Credit Agreement. Effective as of the Effective Date (as defined below), the Credit Agreement is hereby amended as follows: 2.1. The Credit Agreement and certain schedules thereto are hereby amended as set forth on Annex
A attached hereto. Language being inserted into the applicable section of the Credit Agreement is evidenced by bold and underline formatting. Language being deleted from the applicable section of the Credit Agreement is evidenced by
strike-through formatting. 
 SECTION 3. Conditions Precedent to Closing. Section 2 hereof shall become
effective on the date (the “Effective Date”) when the Administrative Agent shall have received: 
 3.1. a counterpart (or
counterparts) of this Amendment, executed and delivered by each of the parties hereto; 
 3.2. the Fee Letter executed in connection with
this Amendment, duly executed and delivered by the parties thereto; 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 3.3. certified resolutions of each Credit Party, authorizing its entry into the transactions
contemplated herein and in each other Loan Document executed on the date hereof to which it is a party; 
 3.4. a favorable written opinion
of Fried, Frank, Harris, Shriver & Jacobson LLP, counsel to the Credit Parties, in form and substance reasonably acceptable to the Administrative Agent; 

3.5. true and complete copies of the Constituent Documents of each Credit Party, together with certificates of existence, incorporation or
registration (as applicable) and good standing of each Credit Party, in each case as in effect on the date hereof and in form and substance satisfactory to the Administrative Agent in its sole discretion or a certification that there has been no
change to such Constituent Documents since the Closing Date; and 3.6. payment of all fees and other amounts due and payable on or prior to the date hereof, and, to the extent invoiced at least two (2) Business Days prior to the date hereof,
reimbursement or payment of all reasonable expenses required to be reimbursed or paid by the Borrower under the Credit Agreement, including, without limitation, the reasonable fees and disbursements invoiced through the date hereof of the
Administrative Agent’s special counsel, Cadwalader, Wickersham & Taft LLP. 
 SECTION 4. Miscellaneous. 

4.1. Amendment is a “Loan Document”. This Amendment is a Loan Document and all references to a “Loan Document” in
the Credit Agreement and the other Loan Documents (including, without limitation, all such references in the representations and warranties in the Credit Agreement and the other Loan Documents) shall be deemed to include this Amendment. 

4.2. References to the Credit Agreement. Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this
Agreement”, “hereunder”, “hereof”, “herein”, or words of like import shall mean and be a reference to the Credit Agreement as amended hereby, and each reference to the Credit Agreement in any other document,
instrument or agreement executed and/or delivered in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby. 

4.3. Representations and Warranties. Each Credit Party hereby represents and warrants that (i) this Amendment is the legal, valid
and binding obligation of such Credit Party, enforceable against such Credit Party in accordance with its terms, subject to Debtor Relief Laws and general equitable principles (whether considered a proceeding in equity or at law), (ii) no Event of
Default, or to the knowledge of any Borrower, a Default has occurred and is continuing and (iii) the representations and warranties set forth in the Credit Agreement and in the other Loan Documents are true and correct in all material respects
on and as of the Effective Date with the same force and effect as if made on and as of the Effective Date (except to the extent of changes in facts or circumstances that have been disclosed to the Lenders in writing and do not constitute an Event of
Default or to the extent such representations and warranties relate to an earlier or other specific date). 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 4.4. Reaffirmation of Obligations. Each Credit Party (a) acknowledges and
consents to all of the terms and conditions of this Amendment, (b) affirms all of its obligations under the Loan Documents, and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or
discharge such Credit Party’s obligations under the Loan Documents. 
 4.5. Reaffirmation of Security Interests. Each Credit
Party (a) affirms that each of the Liens granted in or pursuant to the Loan Documents are valid and subsisting, and (b) agrees that this Amendment and all documents executed in connection herewith shall in no manner impair or otherwise
adversely affect any of the Liens granted in or pursuant to the Loan Documents. 
 4.6. No Other Changes. Except as specifically
amended by this Amendment, the Credit Agreement and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed. 

4.7. No Waiver. The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy
of any Agent or any Lender under the Credit Agreement or any other document, instrument or agreement executed in connection therewith, nor constitute a waiver of any provision contained therein, except as specifically set forth herein. 

4.8. Governing Law. This Amendment and the rights and obligations of the parties under this Amendment shall be governed by, and
construed and interpreted in accordance with, the law of the State of New York. 
 4.9. Successors and Assigns. This Amendment shall
be binding upon and shall inure to the benefit of the parties hereto and their respective permitted successors and assigns as provided in the Credit Agreement. 

4.10. Headings. Section headings in this Amendment are for reference only and shall in no way affect the interpretation of this
Amendment. 
 4.11. Multiple Counterparts. This Amendment may be executed in any number of counterparts (including by facsimile,
electronic mail (including .pdf file, .jpeg file or any electronic signature complying with the U.S. federal ESIGN Act of 2000 (other than any DocuSign electronic signature)) or in portable document format), and by the different parties hereto on
the same or separate counterparts, each of which shall be deemed to be an original instrument but all of which taken together shall constitute one and the same agreement, and any of the parties hereto may execute this Amendment by signing any such
counterpart. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or in electronic (i.e., “pdf” or “tif”) format shall be effective as delivery of a manually executed counterpart of this Credit
Agreement. 
 [Signature pages follow] 

  
 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

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

			
	 BORROWER:

	
	 GOLDMAN SACHS RENEWABLE POWER

OPERATING COMPANY LLC, a Delaware limited liability company

	  
 By: GOLDMAN SACHS RENEWABLE POWER

LLC, its managing member

		
	By:	 	/s/ Brendan McGovern
		 	Name: Brendan McGovern
		 	Title: Authorized Signatory

  
 HSBC -
GSRP 
 Sixth Amendment to Revolving Credit Agreement 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 GUARANTOR:

	
	 GOLDMAN SACHS RENEWABLE POWER

LLC, a Delaware limited liability company

		
	By:	 	/s/ Brendan McGovern
		 	Name: Brendan McGovern
		 	 Title: Authorized Signatory

  
 HSBC -
GSRP 
 Sixth Amendment to Revolving Credit Agreement 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as Letter of Credit Issuer

		
	By:	 	/s/ J. Cameron Hughes
	 Name:
	 	 J. Cameron Hughes (#20883)

	 Title:
	 	 Senior Vice President

  
 HSBC - GSRP 

Sixth Amendment to Revolving Credit Agreement 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as a Lender

		
	By:	 	/s/ J. Cameron Hughes
	 Name:
	 	 J. Cameron Hughes (#20883)

	 Title:
	 	 Senior Vice President

  
 HSBC - GSRP 

Sixth Amendment to Revolving Credit Agreement 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as Admistrative Agent

		
	By:	 	/s/ Deirdra N. Ross
	 Name:
	 	 DEIRDRA N. ROSS

	 Title:
	 	 ASSOCIATE DIRECTOR

  
 HSBC - GSRP 

Sixth Amendment to Revolving Credit Agreement 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 PNC BANK, NATIONAL ASSOCIATION,

as a Lender

		
	By:	 	/s/ Lawrence Beller
	 Name:
	 	 Lawrence Beller

	 Title:
	 	 Senior Vice President

  
 HSBC - GSRP 

Sixth Amendment to Revolving Credit Agreement 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 BANKUNITED, N.A.,
 as a
Lender

		
	By:	 	/s/ George Manchenko
		 	 Name: George Manchenko

		 	 Title: SVP

  
 HSBC -
GSRP 
 Sixth Amendment to Revolving Credit Agreement 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 MUFG UNION BANK, N.A.,
 as a
Lender

		
	By:	 	/s/ John Choi
		 	 Name: John Choi

		 	 Title: Vice President

  
 HSBC -
GSRP 
 Sixth Amendment to Revolving Credit Agreement 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 SOCIÉTÉ GÉNÉRALE,

as a Lender

		
	By:	 	/s/ Laurie Lawler
		 	 Name: Laurie Lawler

		 	 Title: Managing Director

  
 HSBC -
GSRP 
 Sixth Amendment to Revolving Credit Agreement 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 ANNEX A 

TO 
 SIXTH AMENDMENT TO
REVOLVING CREDIT AGREEMENT 
  
  

 
 GOLDMAN SACHS RENEWABLE POWER
OPERATING COMPANY LLC, 
 as Borrower 

GOLDMAN SACHS RENEWABLE POWER LLC, 

as Guarantor 
  

 
  

REVOLVING CREDIT AGREEMENT 
  

 
  

HSBC BANK USA, NATIONAL ASSOCIATION, 

as the Administrative Agent, the Letter of Credit Issuer and a Lender 
  

 
  

February 22, 2018 
  

 
  

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 TABLE OF CONTENTS 

									
	 	 	  	 	  	Page	 
			
	 	SECTION 1.	 	  	DEFINITIONS	  			
			
	 	1.1	 	  	Defined Terms	  	 	1	 
			
	 
	1.2
	 
	  	Other Definitional Provisions	  	 	3741	 
			
	 	1.3	 	  	Times of Day	  	 
	3841
	 

			
	 	1.4	 	  	Schedules and Exhibits, Sections	  	 
	3841
	 

			
	 	1.5	 	  	References to Agreements, Laws, Etc.	  	 	3841	 
			
	 	1.6	 	  	Agency Provisions	  	 	3842	 
			
	 	1.7	 	  	Interest Rates	  	 	3842	 
			
	 	SECTION 2.	 	  	REVOLVING CREDIT LOANS	  			
			
	 	2.1	 	  	The Commitment	  	 
	3942
	 

			
	 	2.2	 	  	Revolving Credit Commitment	  	 	4347	 
			
	 	2.3	 	  	Manner of Borrowing	  	 
	4448
	 

			
	 	2.4	 	  	Minimum Loan Amounts	  	 	4650	 
			
	 	2.5	 	  	Funding	  	 	4650	 
			
	 	2.6	 	  	Interest.	  	 	4751	 
			
	 	2.7	 	  	Determination of Rate and Billing	  	 	4851	 
			
	 	2.8	 	  	Letters of Credit	  	 	4852	 
			
	 	2.9	 	  	Addition of Qualified Borrowers, Payment of the Borrower Guaranty, and Qualified Borrower Letter of Credit Note	  	 	5357	 
			
	 	2.10	 	  	Use of Proceeds and Borrower Guaranties	  	 	5559	 
			
	 	2.11	 	  	Unused Commitment Fee	  	 	5660	 
			
	 	2.12	 	  	Structuring Fee	  	 	5660	 
			
	 	2.13	 	  	Extension of Maturity Date	  	 	5660	 
			
	 	2.14	 	  	Increase in the Maximum Commitment	  	 	5761	 
			
	 	2.15	 	  	Letter of Credit Fees	  	 	5862	 
			
	 	2.16	 	  	Temporary Increase Tranche.	  	 	63	 
			
	 	SECTION 3.	 	  	PAYMENT OF OBLIGATIONS	  			
			
	 	3.1	 	  	Revolving Credit Notes	  	 	64	 
			
	 	3.2	 	  	Payment of Obligations	  	 	64	 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

									
	 	3.3	 	  	Payment of Interest	  	 	64	 
			
	 	3.4	 	  	Payments on the Obligations	  	 	6165	 
			
	 	3.5	 	  	Voluntary Prepayments	  	 	66	 
			
	 	3.6	 	  	Reduction or Early Termination of Commitments	  	 	6267	 
			
	 	3.7	 	  	Lending Office	  	 	6368	 
			
	 	SECTION 4.	 	  	TAXES; CHANGE IN CIRCUMSTANCES	  			
			
	 	4.1	 	  	Taxes	  	 	68	 
			
	 	4.2	 	  	Illegality	  	 	72	 
			
	 	4.3	 	  	Inability to Determine Rates	  	 	73	 
			
	 	4.4	 	  	Increased Cost and Capital Adequacy	  	 	73	 
			
	 	4.5	 	  	Funding Losses	  	 	75	 
			
	 	4.6	 	  	Requests for Compensation	  	 	76	 
			
	 	4.7	 	  	Survival	  	 	76	 
			
	 	4.8	 	  	Effect of Benchmark Transition Event	  	 	76	 
			
	 	SECTION 5.	 	  	SECURITY	  			
			
	 	5.1	 	  	Liens and Security Interest	  	 	7378	 
			
	 	5.2	 	  	Required Accounts; Investor Capital Calls	  	 	7580	 
			
	 	5.3	 	  	Lender Offset	  	 	84	 
			
	 	5.4	 	  	Agreement to Deliver Additional Collateral Documents	  	 	7985	 
			
	 	5.5	 	  	Subordination.	  	 	85	 
			
	 	SECTION 6.	 	  	CONDITIONS PRECEDENT TO LENDING	  			
			
	 	6.1	 	  	Obligations of the Lenders	  	 	8085	 
			
	 	6.2	 	  	Conditions to all Loans	  	 	8388	 
			
	 	6.3	 	  	Conditions to Qualified Borrower Loans	  	 	89	 
		
	 	SECTION 7.	 	  	REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES	  

			
	 	7.1	 	  	Organization and Good Standing	  	 	91	 
			
	 	7.2	 	  	Authorization and Power	  	 	91	 
			
	 	7.3	 	  	No Conflicts or Consents	  	 	8691	 
			
	 	7.4	 	  	Enforceable Obligations	  	 	8692	 
			
	 	7.5	 	  	Priority of Liens	  	 	92	 
			
	 	7.6	 	  	Financial Condition	  	 	92	 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

									
	 	7.7	 	  	Full Disclosure	  	 	92	 
			
	 	7.8	 	  	No Default	  	 	8793 	 
			
	 	7.9	 	  	No Litigation	  	 	8793 	 
			
	 	7.10	 	  	Material Adverse Effect	  	 	93	 
			
	 	7.11	 	  	Taxes	  	 	93	 
			
	 	7.12	 	  	ERISA	  	 	93	 
			
	 	7.13	 	  	Compliance with Law	  	 	93	 
			
	 	7.14	 	  	Environmental Matters	  	 	8894 	 
			
	 	7.15	 	  	Investor Information; Investor Capital Commitments and Contributions	  	 	8894 	 
			
	 	7.16	 	  	Fiscal Year	  	 	8995 	 
			
	 	7.17	 	  	Principal Office; Jurisdiction of Formation; Organizational Structure	  	 	8995 	 
			
	 	7.18	 	  	Margin Stock	  	 	8995 	 
			
	 	7.19	 	  	Investment Company Act	  	 	95	 
			
	 	7.20	 	  	No Defenses	  	 	95	 
			
	 	7.21	 	  	Indebtedness	  	 	96	 
			
	 	7.22	 	  	No Withdrawals Without Approval	  	 	9096 	 
			
	 	7.23	 	  	Anti-Money Laundering and Foreign Asset Control Laws	  	 	9096 	 
			
	 	SECTION 8.	 	  	AFFIRMATIVE COVENANTS	  			
			
	 	8.1	 	  	Financial Statements, Reports and Notices	  	 	9197 	 
			
	 	8.2	 	  	Transfers by Existing Investors	  	 	95101	 
			
	 	8.3	 	  	Payment of Taxes	  	 	97103	 
			
	 	8.4	 	  	Maintenance of Existence and Rights	  	 	97103	 
			
	 	8.5	 	  	Notice of Default	  	 	97103	 
			
	 	8.6	 	  	Other Notices	  	 	103	 
			
	 	8.7	 	  	Compliance with Loan Documents and Constituent Documents	  	 	98104	 
			
	 	8.8	 	  	Operations	  	 	98104	 
			
	 	8.9	 	  	Books and Records; Access	  	 	104	 
			
	 	8.10	 	  	Compliance with Law	  	 	104	 
			
	 	8.11	 	  	Insurance	  	 	104	 
			
	 	8.12	 	  	Authorizations and Approvals	  	 	105	 
			
	 	8.13	 	  	Maintenance of Liens	  	 	99105	 
			
	 	8.14	 	  	Further Assurances	  	 	99105	 
			
	 	8.15	 	  	Maintenance of Separate Existence	  	 	99105	 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

									
	 	8.16	 	  	Investor Capital Call	  	 	150	 
			
	 	8.17	 	  	Collateral Accounts and Permitted Investments	  	 	106	 
			
	 	8.18	 	  	Covenants of Qualified Borrowers	  	 	106	 
			
	 	8.19	 	  	Solvency	  	 	106	 
			
	 	8.20	 	  	Investor Capital Calls	  	 	106	 
			
	 	8.21	 	  	OFAC Compliance and Investor Procedures	  	 	100106	 
			
	 	8.22	 	  	IPO	  	 	100106	 
			
	 	SECTION 9.	 	  		  			
			
	 	SECTION 9.	 	  	NEGATIVE COVENANTS	  			
			
	 	9.1	 	  	Mergers, Etc.	  	 	106	 
			
	 	9.2	 	  	.Negative Pledge	  	 	107	 
			
	 	9.3	 	  	Fiscal Year and Accounting Method	  	 	107	 
			
	 	9.4	 	  	Governing Documents and Related Documents	  	 	101107	 
			
	 	9.5	 	  	Admission of Investors; Transfers of Affiliate Interests; Investor Withdrawals	  	 	108	 
			
	 	9.6	 	  	Capital Commitments	  	 	103109	 
			
	 	9.7	 	  	ERISA Complianc	  	 	110	 
			
	 	9.8	 	  	Dissolution	  	 	110	 
			
	 	9.9	 	  	[Reserved.]	  	 	110	 
			
	 	9.10	 	  	Limitations on Distributions	  	 	110	 
			
	 	9.11	 	  	Limitations on Indebtedness	  	 	104110	 
			
	 	9.12	 	  	Limitation on Withdrawals	  	 	111	 
			
	 	9.13	 	  	Transfers by Credit Parties	  	 	111	 
			
	 	9.14	 	  	Deemed Capital Contributions	  	 	111	 
			
	 	9.15	 	  	Change of Depository Bank or Securities Intermediary	  	 	105111	 
			
	 	9.16	 	  	Sanctioned Persons, Anti-Bribery	  	 	105111	 
			
	 	SECTION 10.	 	  	EVENTS OF DEFAULT	  			
			
	 	10.1	 	  	Events of Default	  	 	1112	 
			
	 	10.2	 	  	Remedies Upon Event of Default	  	 	109115	 
			
	 	10.3	 	  	Additional Default Remedies	  	 	110116	 
			
	 	10.4	 	  	Waivers of Notice, Etc.	  	 	112119	 
			
	 	10.5	 	  	Curing an Event of Default by Investor Capital Call and Duty to Liquidate Portfolio Investments	  	 	119	 

  
 iv 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

									
	 	10.6	 	  	Events of Default or Defaults relating to Qualified Borrowers	  	 	121	 
			
	 	SECTION 11.	 	  	AGENCY PROVISIONS	  			
			
	 	11.1	 	  	Appointment and Authorization of Agents	  	 	115121	 
			
	 	11.2	 	  	Delegation of Duties	  	 	116123	 
			
	 	11.3	 	  	Exculpatory Provisions	  	 	116123	 
			
	 	11.4	 	  	Reliance on Communications	  	 	124	 
			
	 	11.5	 	  	Notice of Default	  	 	118125	 
			
	 	11.6	 	  	Non-Reliance on Agents and Other Lenders	  	 	118125	 
			
	 	11.7	 	  	Indemnification	  	 	125	 
			
	 	11.8	 	  	Agents in Their Individual Capacity	  	 	119126	 
			
	 	11.9	 	  	Successor Agent	  	 	126	 
			
	 	11.10	 	  	Reliance by the Credit Parties	  	 	127	 
			
	 	11.11	 	  	Administrative Agent May File Proofs of Claim	  	 	127	 
			
	 	SECTION 12.	 	  	MISCELLANEOUS	  			
			
	 	12.1	 	  	Amendments	  	 	128	 
			
	 	12.2	 	  	Sharing of Offsets	  	 	130	 
			
	 	12.3	 	  	Sharing of Collateral	  	 	124131	 
			
	 	12.4	 	  	Waiver	  	 	131	 
			
	 	12.5	 	  	Payment of Expenses; Indemnity	  	 	132	 
			
	 	12.6	 	  	Notice	  	 	134	 
			
	 	12.7	 	  	Governing Law	  	 	130137	 
			
	 	12.8	 	  	Choice of Forum; Consent to Service of Process and Jurisdiction; Waiver of Trial by Jury	  	 	130137	 
			
	 	12.9	 	  	Invalid Provisions	  	 	137	 
			
	 	12.10	 	  	Entirety	  	 	131138	 
			
	 	12.11	 	  	Parties Bound; Assignment	  	 	131138	 
			
	 	12.12	 	  	Lender Removal/Replacement	  	 	142	 
			
	 	12.13	 	  	Maximum Interest	  	 	142	 
			
	 	12.14	 	  	Headings	  	 	142	 
			
	 	12.15	 	  	Survival	  	 	136143	 
			
	 	12.16	 	  	Full Recourse	  	 	136143	 
			
	 	12.17	 	  	Availability of Records; Confidentiality	  	 	136143	 
			
	 	12.18	 	  	USA Patriot Act Notice	  	 	145	 

  
 v 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

									
	 	12.19	 	  	Multiple Counterparts	  	 
	138145
	 

			
	 	12.20	 	  	Joint and Several Liability	  	 	138146	 
			
	 	12.21	 	  	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	139	 
			
	 	SECTION 13.	 	  	GUARANTY	  			
			
	 	13.1	 	  	Guaranty of Payment	  	 	139146	 
			
	 	13.2	 	  	Obligations Unconditional	  	 	147	 
			
	 	13.3	 	  	Modifications	  	 	141148	 
			
	 	13.4	 	  	Waiver of Rights	  	 	141148	 
			
	 	13.5	 	  	Reinstatement	  	 	142149	 
			
	 	13.6	 	  	Remedies	  	 	150	 
			
	 	13.7	 	  	Subrogation	  	 	143150	 
			
	 	13.8	 	  	Inducement	  	 	143150	 
			
	 	13.9	 	  	Several Liability	  	 	143150	 
			
	 	13.10	 	  	Borrower Information	  	 	143150	 
			
	 	13.11	 	  	Instrument for the Payment of Money	  	 	144151	 

  
 vi 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

			
	 SCHEDULES
	  	
		
	 SCHEDULE I:
	  	 Credit Party Information

	 SCHEDULE II:
	  	 Lender Commitments

	 SCHEDULE III:
	  	 Responsible Officers

		
	 EXHIBITS
	  	
		
	 EXHIBIT A:
	  	 Schedule of Investors / Form of Borrowing Base Certificate

	 EXHIBIT B:
	  	 Form of Note

	 EXHIBIT C:
	  	 Form of Security Agreement

	 EXHIBIT D:
	  	 Form of Pledge of Collateral Account

	 EXHIBIT E:
	  	 Form of Request for Borrowing

	 EXHIBIT F:
	  	 Form of Rollover / Conversion Notice

	 EXHIBIT G:
	  	 Form of Assignment and Acceptance Agreement

	 EXHIBIT H:
	  	 Form of Qualified Borrower Promissory Note

	 EXHIBIT I:
	  	 Form of Borrower Guaranty

	 EXHIBIT J:
	  	 Form of Responsible Officer’s Certificate

	 EXHIBIT K:
	  	 Form of Subscription Agreement

	 EXHIBIT L:
	  	 Form of Extension Request

	 EXHIBIT M:
	  	 Form of U.S. Tax Compliance Certificates

	 EXHIBIT N:
	  	 Form of Facility Increase Request

	 EXHIBIT O:
	  	 Form of Lender Joinder Agreement

	 EXHIBIT P:
	  	 Form of Request for Letter of Credit

	 EXHIBIT Q:
	  	 Form of Qualified Borrower Letter of Credit Note

  
 vii 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 REVOLVING CREDIT AGREEMENT 

THIS REVOLVING CREDIT AGREEMENT (this “Credit Agreement”) is dated as of February 22, 2018, by and
among GOLDMAN SACHS RENEWABLE POWER OPERATING COMPANY LLC, a Delaware limited liability company, as borrower (the “Primary Borrower”; and together with any Qualified Borrowers becoming a party hereto, in each case, as
set forth on Schedule I (or any updated version delivered in accordance with the terms hereof), the “Borrowers” and each, a “Borrower”), GOLDMAN SACHS RENEWABLE POWER LLC, a Delaware
limited liability company, as guarantor (the “Guarantor”), HSBC BANK USA, NATIONAL ASSOCIATION (“HSBC”), as the Administrative Agent (as hereinafter defined) for the Secured Parties, the Letter
of Credit Issuer and as a Lender, and each of the other Persons from time to time party hereto as Lenders (each capitalized term not defined is defined below). 

RECITALS: 
 A. The
Borrowers have requested that the Lenders provide credit to the Borrowers in the form of revolving loans and causing the issuance of letters of credit on the terms and conditions set forth herein; and 

B. The Lenders are willing to make Loans (as hereinafter defined) and to cause the issuance of letters of credit upon the terms and subject to
the conditions set forth in this Credit Agreement. 
 NOW, THEREFORE, in consideration of the mutual promises herein contained and for
other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto do hereby agree as follows: 

Section 1. DEFINITIONS 

1.1 Defined Terms. For the purposes of this Credit Agreement, unless otherwise expressly defined, the following terms
shall have the respective meanings assigned to them in this Section 1.1 or in the section or recital referred to:  

“Adequately Capitalized” means compliance with the capital standards for bank holding companies as described in
the Bank Holding Company Act of 1956, as amended, and regulations promulgated thereunder. 
 “Adjusted LIBOR Rate”
means, for any LIBOR Rate Loan for any Interest Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) determined by the Administrative Agent to be equal to: (a) the quotient obtained by dividing:
(i) the LIBOR Rate (or, if applicable, Benchmark Replacement)
for such LIBOR Rate Loan for such Interest Period; by (ii) one (1) minus the LIBOR Reserve Requirement for such LIBOR Rate Loan for such Interest Period; plus (b) the Applicable Margin. 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Administrative Agent” means HSBC, until the appointment of a
successor “Administrative Agent” pursuant to Section 11.9 and, thereafter, shall mean such successor Administrative Agent. 

“Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial
Institution. 
 “Affected Party” means any Lender or Letter of Credit Issuer. 

“Affiliate” of any Person means any other Person that, directly or indirectly, controls or is controlled by, or is
under common control with, such Person. For the purpose of this definition, “control” and the correlative meanings of the terms “controlled by” and “under common control with” means the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting shares or partnership interests or by contract or otherwise. 

“Agent-Related Person” is defined in Section 11.3. 

“Agents” means, collectively, the Administrative Agent, the Letter of Credit Issuer and any successors and assigns in
such capacities. 
 “Alternate Base Rate” means the greatest of: (i) the Adjusted LIBOR Rate plus
one hundred fifty basis points (1.50%), (ii) the Prime Rate plus the Applicable Margin and (iii) the Federal Funds Rate plus fifty basis points (0.50%) plus the Applicable Margin. 

“Alternate Base Rate Conversion Date” is defined in Section 2.3(i). 

“Alternate Base Rate Loan” means a Loan made hereunder with respect to which the interest rate is calculated by
reference to the Alternate Base Rate. 
 “Annual Valuation Period” means, with respect to each Borrower and the
Guarantor that qualifies as an Operating Company, the “annual valuation period” for such Borrower or the Guarantor, as defined in 29 C.F.R. §2510.3-101(d)(5), as determined
by designation of such Borrower’s or Guarantor’s general partner, managing member or other similar managing fiduciary. 

“Anticipated Expenses” any amounts which are necessary (x) to satisfy commitments or other arrangements of the
Borrowers to purchase Portfolio Investments or Portfolio Investment Vehicles, (y) to satisfy obligations under Swap Agreements (including any applicable requirements to post collateral) or to satisfy any obligations then due and payable arising
under any Indebtedness permitted to be incurred pursuant to Section 9.11, to the extent such commitments or obligations were entered into prior to the Responsible Officer of the Primary Borrower becoming aware of the requirement to make
the applicable prepayment required under Section 2.1(e) or other applicable payment under this Credit Agreement, or (z) to pay other documented Borrower Expenses then due and payable. 

  
 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Applicable Law” means all applicable provisions of
constitutions, laws, statutes, ordinances, rules, treaties, regulations, permits, licenses, approvals, interpretations and orders of courts or Governmental Authorities and all orders and decrees of all courts and arbitrators. 

“Applicable Lending Office” means, for each Lender and for each Type of Loan, the “lending office” of
such Lender (or of an Affiliate of such Lender) designated for such Type of Loan on Schedule I hereof or such other office of such Lender (or an Affiliate of such Lender) as such Lender may from time to time specify to the Administrative
Agent and the Borrowers by written notice in accordance with the terms hereof as the office by which such Type of Loans are to be made and maintained. 

“Applicable Margin” has the meaning set forth in the Fee Letter. 

“Applicable Requirement” means each of the following requirements: 

(a) such Investor (or such Investor’s Sponsor, Responsible Party or Credit Provider, if applicable) shall have a Minimum Required Rating;
and 
 (b) if such Investor (or such Investor’s Sponsor, Responsible Party or Credit Provider, if applicable) is: 

(i) a Bank Holding Company, it shall have Adequately Capitalized status or better; 

(ii) an insurance company, it shall have a A.M. Best’s Financial Strength Rating of
A- or higher; 
 (iii) if such Investor or such Investor’s Credit Provider, as
applicable, is an ERISA Investor or Governmental Plan Investor, or the trustee or nominee of an ERISA Investor or a Governmental Plan Investor, such ERISA Investor or Governmental Plan Investor, as applicable, shall have a minimum Funding Ratio
based on the Rating of its Sponsor or Responsible Party, as applicable, as follows: 
  

							
	 Sponsor Rating/Responsible Party Rating
	  	 	 	  	Minimum Funding Ratio
	 A-/A3 or higher
	  				  	No minimum; or
	 BBB+/Baa1
	  				  	90%

 The first Rating indicated in each case above is the S&P Rating and the second Rating indicated in each
case above is the Moody’s Rating. In the event that the S&P and Moody’s Ratings are not equivalent, the Applicable Requirement shall be based on the lower of the two. If any such Person has only one Rating, from either S&P or
Moody’s, then that Rating shall apply. If the Rating of any Investor (or such Investor’s Sponsor, Responsible Party or Credit Provider, as applicable) falls below the Rating required by this definition, then such Investor shall be deemed
to have failed the Applicable Requirement. 

  
 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Notwithstanding the foregoing, an Investor which does not have any Rating shall be deemed to
meet the Rating requirements set forth above which are applicable to it, to the extent that the Administrative Agent and the Required Lenders determine, based upon their internal rating methodology, that such Investor (or such Investor’s
Sponsor, Responsible Party or Credit Provider, as applicable) is of a credit quality which is at lease equivalent to the Ratings set forth above applicable to it. 

“Assignee” is defined in Section 12.11(d). 

“Assignment
Amount” means, with respect to a
Lender at the time of any assignment pursuant to
Section 12.11(d) by such Lender, an amount
equal to the lesser of: (a) such
Lender’s Lender Pro Rata Share of the
Obligations requested by such Lender to be assigned at such time; and (b) such Lender’s unused Commitment. 

“Assignment and Acceptance Agreement” means the agreement contemplated by Section 12.11(d), pursuant to
which any Lender assigns all or any portion of its rights and obligations hereunder, which agreement shall be substantially in the form of Exhibit G attached hereto. 

“Available Commitment” means, at any time of determination, the lesser of (a) the Maximum Commitment,
(b) the Borrowing Base and (c) the maximum amount the applicable Borrower is permitted to borrow in accordance with its Constituent Document and applicable Laws. 

“Available
Tenor” means,
 as of any date of determination and with respect to the then-current Benchmark, as applicable, any tenor for such Benchmark or payment period
for interest calculated with reference to such Benchmark, as applicable, that is or may be used for
determining the length of an Interest Period pursuant to this Credit Agreement as of such date and not
including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest
 Period” pursuant
 to clause (d) of Section 4.8. 

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

  
 4 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Bank Holding Company” means a “bank holding
company” as defined in Section 2(a) of the Bank Holding Company Act of 1956, as amended from time to time and any successor statute or statutes, or a non-bank subsidiary of such bank holding
company. 
 “Benchmark
Replacement” means” means,
 initially, the LIBOR Rate; provided that if a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to the LIBOR Rate or
the then-current Benchmark, then “Benchmark”
 means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such
prior benchmark rate pursuant to clause (a) of Section 4.8. 

“
Benchmark Replacement” means,
 for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date:  

(1) the sum
of: (a) Term SOFR and (b) the related Benchmark Replacement Adjustment; 

(2) the sum
of: (a) Daily Simple SOFR and (b) the related Benchmark Replacement Adjustment; 

(3)
 the sum of: (a) the alternate benchmark rate (which may include Term SOFR) that has been selected by the Administrative Agent and the Borrowers as the
replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the
Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a
benchmark rate of interest as a replacement
tofor
 the LIBOR
Ratethen-current Benchmark for Dollar-denominated
syndicated credit facilities at such time and (b) the
related Benchmark Replacement Adjustment; 

provided that, if the Benchmark Replacement as so determined
would be less than zero (0)in the case of clause (1), such Unadjusted Benchmark Replacement is
displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion. If the Benchmark Replacement as determined pursuant to clause (1), (2) or
(3) above would be less than the Floor, the
Benchmark Replacement will be deemed to be zero
(0)the Floor for the purposes of this Credit
Agreement and the other Loan Documents. 

“Benchmark Replacement Adjustment” means, with respect to any replacement of the LIBOR Ratethen current
Benchmark with an Unadjusted Benchmark Replacement for eachany applicable Interest Period, and Available Tenor for
any setting of such Unadjusted Benchmark Replacement: 
 (1) for
 purposes of clauses (1) and (2) of the definition of “Benchmark
 Replacement,” the
 first alternative set forth in the order below that can be determined by the Administrative Agent:  

  
 5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

(a)
 the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that has been
selected or recommended by the Relevant Governmental Body for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for the applicable Corresponding Tenor;

(b)
 the spread adjustment (which may be a positive or negative value or zero) as of the Reference Time
such Benchmark Replacement is first set for such Interest Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon an index cessation event with respect to such Benchmark for the
applicable Corresponding Tenor; and  
 (2) for purposes of clause
(3) of the definition of “Benchmark
 Replacement,” the spread adjustment, or method
for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrowers for the applicable Corresponding Tenor giving due consideration to
(i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the
LIBOR Ratesuch Benchmark with the applicable
Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement
Date or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of
the LIBOR
Ratesuch Benchmark with the applicable Unadjusted
Benchmark Replacement for Dollar-denominated syndicated credit facilities at such time.; 

provided
that, in the case of clause (1) above, such adjustment is displayed on a screen or other information
service that publishes such Benchmark Replacement Adjustment from time to time as selected by the Administrative Agent in its reasonable discretion. 

“Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical,
administrative or operational changes (including changes to the definition of “Alternate Base Rate,” the definition of
“Business
Day,” the
 definition of “Interest Period,” timing and
frequency of determining rates and making payments of interest and
other, timing of borrowing requests or prepayment, conversion or continuation notices, length of
lookback periods, the applicability of breakage provisions and other technical, administrative
or operational matters) that the Administrative Agent
decidesand the
Borrower decide may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner
substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the
administration of
thesuch
Benchmark Replacement exists, in such other manner of administration as the Administrative Agent
decidesand the
Borrower determine is reasonably necessary in connection with the administration of this Credit
Agreement and the other Loan Documents). 

  
 6 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Benchmark Replacement Date” means the earlierearliest to occur of the following events with respect to the LIBOR Ratethen-current Benchmark: 

(i1) in the case of clause (a1) or
(b2) of the definition of “Benchmark Transition Event,” the later of (xa) the date of the public statement or publication of information
referenced therein and
(yb) the date on which the administrator of the LIBOR Ratesuch Benchmark (or the published component used in the calculation
thereof) permanently or indefinitely ceases to provide the LIBOR Rate; or (iiall Available Tenors of such Benchmark (or such component thereof); 

(2
) in the case of clause (c3) of the definition of “Benchmark Transition Event,” the date of the public statement or publication of information referenced therein; or 

(3)
 in the case of an Early Opt-in Election, the sixth (6th) Business Day
after the date notice of such Early Opt-in Election is provided to the Lenders and the Borrower, so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the
date notice of such Early Opt-in Election is provided to the
Lenders, written notice of objection to such Early Opt-in Election from the Borrower or the Lenders comprising the Required Lenders.  

For the
avoidance of doubt,
(i)
 if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier
than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination and (ii) the
“Benchmark
 Replacement
Date” will
 be deemed to have occurred in the case of clause (1) or (2) with respect to any Benchmark upon the
occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof.

 “Benchmark Transition Event” means the occurrence of one or more of the following events with respect to
the LIBOR
Ratethen-current Benchmark: ( 

1)
 a) public statement or publication of
information by or on behalf of the administrator of the LIBOR
Ratesuch Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide the LIBOR Rateall Available Tenors of such Benchmark (or such component thereof),
permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the
LIBOR Rate;
(b) any
 Available Tenor of such Benchmark (or such component thereof); 

2)
 a public statement or publication of information by the regulatory supervisor for the administrator of the
LIBOR Rate, the U.S.such Benchmark (or the published component used in the calculation thereof), the
Board of Governors of the Federal Reserve System, the
Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator for the
LIBOR Ratesuch Benchmark (or such component), a
resolution authority with jurisdiction over the administrator for the LIBOR 

  
 7 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

Ratesuch Benchmark (or such component) or a court or an entity with similar
insolvency or resolution authority over the administrator for the LIBOR Ratesuch Benchmark (or such component), which states that the administrator
of the LIBOR
Ratesuch Benchmark (or such component) has ceased
or will cease to provide the LIBOR
Rateall Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the LIBOR Rate; or (c) any Available Tenor of such Benchmark (or such component thereof);
or 
 3) a public statement or publication of information by the regulatory
supervisor for the administrator of the LIBOR Rate announcing that the LIBOR Rate issuch Benchmark (or the published component used in the calculation thereof) announcing that all Available Tenors of such
Benchmark (or such component thereof) are no longer representative. 
 “Benchmark Transition Start
Date” means (a) in the case of a Benchmark Transition Event, the earlier of
(i) the applicable Benchmark Replacement Date
and (ii) if such Benchmark Transition Event is a
public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than
90 days after such statement or publication, the date of such statement or publication) and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the Required Lenders, as applicable, by notice to the Borrowers, the
Administrative Agent (in the case of such notice by the Required Lenders) and the Lenders.For the
avoidance of doubt, a “Benchmark Transition
Event” will
 be deemed to have occurred with respect to any Benchmark if a public statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the
calculation thereof). 
 “Benchmark Unavailability
Period” means, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the LIBOR Rate and
solely to the extent that the LIBOR Rate has not been replaced with a Benchmark Replacement, the period
(if
any) (x) beginning at the time that sucha Benchmark Replacement Date pursuant to clauses (1) or (2) of that definition has occurred if, at such time, no
Benchmark Replacement has replaced the LIBOR
Ratethen-current Benchmark for all purposes
hereunder and under any Loan Document in accordance with
Section 4.8 and (y) ending at the time that a Benchmark Replacement has replaced the LIBOR Ratethen-current Benchmark for all purposes hereunder pursuant toand under any
Loan Document in accordance with Section 4.8. 

“Beneficial Ownership Certification” means a certification regarding beneficial ownership as required by the
Beneficial Ownership Regulation, which certification shall be substantially similar in form and substance to the form of Certification Regarding Beneficial Owners of Legal Entity Customers published jointly, in May 2018, by the Loan Syndications and
Trading Association and Securities Industry and Financial Markets Association. 
 “Beneficial Ownership Regulation”
means 31 C.F.R. § 1010.230. 

  
 8 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Borrower” is defined in the first paragraph hereof. 

“Borrower Expense” means any operating expense of any Borrower or the Guarantor incurred in the ordinary course of
such Borrower’s or Guarantor’s activities pursuant to and in compliance with its Governing Documents and this Credit Agreement. 

“Borrower Guaranty” and “Borrower Guaranties” are defined in Section 2.9(c). 

“Borrower Limited Liability Company Agreement” means the Amended and Restated Limited Liability Company
Agreement of the Primary Borrower dated as of February 9, 2018. 
 “Borrower Party” is defined in
Section 11.1(a). 
 “Borrowing” means a disbursement made by the Lenders of any of the proceeds of one
or more Loans, and “Borrowings” means the plural thereof. 
 “Borrowing Base” means, on any
date of determination, the sum of (a) ninety percent (90%) of the aggregate Unfunded Capital Commitments of the Included Investors that are Rated Included Investors and Non-Rated Included Investors, in
each case as such Unfunded Capital Commitments are first reduced by the excess of such Unfunded Capital Commitments that are greater than the applicable Concentration Limits for such Included Investors that are Rated Included Investors and
Non-Rated Included
Investors, (b) sixty-five percent (65%) of the aggregate Unfunded Capital Commitments of the Designated Investors, in each case as such Unfunded Capital Commitments are first reduced by the excess of such Unfunded Capital Commitments that are
greater than the applicable Concentration Limits for such Designated Investors and (c) fifty percent (50%)the applicable PWM Advance Rate Percent at such time of the aggregate
Unfunded Capital Commitments of the Included Investors that are PWM Investors, in each case as such Unfunded Capital Commitments are first reduced by the excess of such Unfunded Capital Commitments that are greater than the applicable Concentration Limits for such PWM
Investors. For the avoidance of doubt, the Unfunded Capital Commitments of an Excluded Investor shall be excluded from the Borrowing Base until such time as such Investor becomes or is restored as an Included Investor. 

“Borrowing Base Certificate” means the certificate (with attached spreadsheet setting forth the calculation of the
Available Commitment) substantially in the form of Exhibit A. 
 “Business Day” means any day of the year
except: (a) a Saturday, Sunday or other day on which commercial banks in the State of New York are authorized or required by law to close; and (b) if such day relates to any interest rate settings as to a LIBOR Rate Loan, any fundings,
disbursements, settlements and payments in respect of any LIBOR Rate Loan, or any other dealings to be carried out pursuant to this Credit Agreement in respect of any such LIBOR Rate Loan (or any Alternate Base Rate Loan as to which the interest
rate is determined by reference to LIBOR), any day on which dealings in Dollars are not conducted by and between banks in the London interbank Eurodollar market. 

  
 9 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Capital Lease” means, as applied to any Person, any lease of any
property (whether real, personal or mixed) by that Person as lessee which, in accordance with Generally Accepted Accounting Principles, is or should be accounted for as a capital lease on the balance sheet of that Person and the amount of such
obligation shall be the capitalized amount thereof determined in accordance with Generally Accepted Accounting Principles. 

“Cash Collateral Account” means each deposit account held at the Administrative Agent for the purposes of
holding Cash Collateral that is subject to an account control agreement or pledge, as applicable, in form and substance reasonably satisfactory to the Administrative Agent and the Letter of Credit Issuer. 

“Cash Collateralize” means, to deposit in a Cash Collateral Account or to pledge and deposit with or deliver to
the Administrative Agent, for the benefit of one or more of the Letter of Credit Issuer or the Lenders, as collateral for the Letter of Credit Liability or obligations of the Lenders to fund participations in respect of the Letter of Credit
Liability, cash or deposit account balances, in a segregated interest-bearing account (with any interest earned thereon to be paid to the applicable Borrowers when no Event of Default has occurred and is continuing, and to the reduction of the
Obligations in accordance with Section 3.4 hereof during the continuance of any Event of Default) or, if the Administrative Agent and the Letter of Credit Issuer shall agree, in their sole discretion, other credit support, in each case pursuant
to a Cash Collateral Account or other documentation in form and substance reasonably satisfactory to the Administrative Agent and the Letter of Credit Issuer. “Cash Collateral” and “Cash
Collateralize” shall have meanings correlative to the foregoing and shall include the proceeds of such Cash Collateral and other credit support. 

“Cash Control Event” shall occur if, on any date of determination, (A) an Event of Default has occurred and is
continuing, (B) the Borrowers shall have failed to make any payment of interest required to be made hereunder when initially due and such failure shall not have been remedied, or (C) a Default pursuant to Section 10.1(k) (other
than with respect to Goldman Sachs & Co. LLC) has occurred and is continuing. 
 “Change in Law” means
(a) the adoption of any Governmental Rule, Law or bank regulatory guideline after the Closing Date (or, with respect to any Person first becoming a Lender after the Closing Date, the date such Person first becomes a Lender), (b) any change in
any Governmental Rule, Law or bank regulatory guideline or any clarification or change in the interpretation, application or administration thereof by any Governmental Authority after the Closing Date (or, with respect to any Person first becoming a
Lender after the Closing Date, the date such Person first becomes a Lender), (c) the making or issuance of any rule, guideline, request or directive (whether or not having the force of law) by any Governmental Authority after the Closing Date (or,
with respect to any Person first becoming a Lender after the Closing Date, the date such Person first becomes a Lender) or (d) or the compliance, application or implementation by a Lender of any of the foregoing or an Existing Law. 

“Change of Control” shall mean a circumstance in which the Investment Manager (or an Affiliate thereof, in each case,
that is a majority owned subsidiary of Goldman Sachs) shall cease to be the Investment Manager of the Guarantor; provided, however, that a Change of Control shall not exist if a third party administrator acceptable to the
Administrative Agent and Required Lenders in their reasonable discretion (and each Person shall not unreasonably withhold, condition or delay such acceptance), directly or indirectly, controls such Primary Borrower. 

  
 10 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Closing Date” means the date hereof. 

“Collateral” is defined in Section 5.1. 

“Collateral Account” means each account specified on Schedule I (as may be updated from time to time by the
Guarantor with the written consent of the Administrative Agent, which consent shall not be unreasonably withheld or delayed) as a Collateral Account and established by the Guarantor, in the name of the Guarantor, with an Eligible Institution into
which Investor Capital Contributions received or otherwise collected from the Investors shall be deposited or credited and into which Portfolio Investment proceeds or other sums not related to Investor Capital Contributions may be deposited or
credited. 
 “Collateral Account Pledge” means a pledge by the Guarantor substantially in the form of Exhibit
D hereto (or such other form reasonably acceptable to the Administrative Agent) pursuant to which the Guarantor pledges and grants to the Agent, for the benefit of the Secured Parties (subject to Permitted Liens), a first priority security
interest and Lien in and on its Collateral Account. 
 “Collateral Documents” is defined in Section 5.1.

 “Commitment” means, with respect to each Lender, as the context requires, the commitment(s) of such Lender to make Loans
and to pay Assignment Amounts in accordance herewith in an amount not to exceed the amount(s) set forth opposite such Lender’s name on Schedule II attached hereto under the headings “Primary Tranche Commitment”, “Temporary Increase Tranche Commitment” and “Total Commitment”, in each case, as applicable (or, in the case of a Lender whichthat becomes a party hereto pursuant to an Assignment and Acceptance Agreement or Lender Joinder Agreement, as applicable, entered into pursuant to the terms hereof, as set forth in such Assignment and Acceptance
Agreement or Lender Joinder Agreement, as applicable); minus the amount of any such Commitment or portion thereof assigned by such Lender pursuant to an Assignment and Acceptance Agreement entered into pursuant to
Section 12.11(d)hereunder or otherwise reduced from time to time by the Borrowers
pursuant to Section 3.6, plus any additional amounts committed pursuant to Section 2.14 or reflected in a subsequent Assignment and Acceptance Agreement; provided, however, that to the extent that the Maximum Commitment is reduced
or otherwise declines, the aggregate amount of the Commitments of all the Lenders for each Tranche shall decline by a like amount andhereunder, the Commitment of each Lender for each Tranche shall decline in proportion thereto.
shall decrease by an amount equal to its Lender Pro Rata Share (as in effect immediately prior to such
reduction) of such reduction. The Administrative Agent may (and, upon the reasonable request of the Primary Borrower, shall promptly) amend and re-issue
Schedule II from time to time to reflect the Commitments of the Lenders. 
 “Commitment
Period” means the period commencing on the Closing Date and ending on the Maturity Date. 
 “Compliance
Certificate” is defined in Section 8.1(b). 

  
 11 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Concentration Limits” means the limits on the
aggregate amount of an Unfunded Capital Commitment set forth below, calculated for each Investor classification as a percentage of the aggregate Unfunded Capital Commitments of all Included Investors: 

 

					
	 Investor Classification
	  	Concentration Limit	 
	 Single Rated Included Investor
	  	 	15	% 
	 Single Non-Rated Included Investor
	  	 	10	% 
	 Single Designated Investor
	  	 	5	% 
	 Aggregate Designated Investors
	  	 	35	% 
	 Single PWM Investor
	  	 	3	% 
	 Aggregate PWM Investors
	  	 	70	% 
	 Special Concentration Limit of The Regents of the University of California (provided that this
Special Concentration Limit shall not apply in the event the Investor’s Rating is downgraded to a Rating below A-/A3)
	  	 	30	% 

 provided, that, for purposes of calculating the above Concentration Limits for any Investor,
each Investor and its investing Affiliates shall be treated as a single Investor; provided further, that, an increased “Special Concentration Limit” may be permitted by the Administrative Agent and the Required Lenders
for certain Investors, if the Borrowers provide at least five (5) Business Days’ prior notice; provided further, that, the above Concentration Limit for Aggregate PWM Investors shall only be applicable so long as no
Institutional Investor has become an Included Investor. 
 “Confidential Information” means, at any time, all data,
reports, interpretations, forecasts and records containing or otherwise reflecting information concerning the Credit Parties or Investors, together with analyses, compilations, studies or other documents, which contain or otherwise reflect such
information made available by or on behalf of the Credit Parties to this Credit Agreement orally or in writing to any Agent or Lender or their respective attorneys, certified public accountants or agents, including, but not limited to, all
information disclosed or identified in connection with Section 2.10(b), but shall not include any data or information that: (a) was or became generally available to the public at or prior to such time (unless divulged by such Agent
or Lender or such Agent’s or Lender’s respective attorneys, certified public accountants or agents); or (b) was or became available to an Agent or a Lender on a non-confidential basis from the
Credit Parties or any other source not bound by confidentiality obligations to any Credit Parties at or prior to such time. 

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however
denominated) or that are franchise Taxes or branch profits Taxes. 

  
 12 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Constituent Documents” means, for any Person, its constituent or
organizational documents and any governmental or other filings related thereto, including: (a) in the case of any limited partnership, exempted limited partnership, joint venture, trust or other form of business entity, the limited partnership
agreement, joint venture agreement, articles of association or other applicable agreement of formation and any agreement, instrument, filing, statement or notice with respect thereto filed in connection with its formation with the secretary of state
or other department in the state or jurisdiction of its formation; (b) in the case of any limited liability company, the articles of formation, limited liability company agreement and/or operating agreement for such Person; and (c) in the
case of a corporation or an exempted company the certificate or articles of incorporation or association and the bylaws for such Person, in each such case as it may be restated, modified, amended or supplemented from time to time. 

“Continue”, “Continuation”, and “Continued” shall refer to the
continuation pursuant to a Rollover of a LIBOR Rate Loan from one Interest Period to the next Interest Period. 
 “Control
Agreement” means (i) each deposit or securities account control agreement among (a) the Guarantor, (b) the Administrative Agent on behalf of the Secured Parties and (c) the depository bank or securities intermediary,
and (ii) each “Irrevocable Payment Instruction” entered into among the Guarantor, the Administrative Agent and Goldman Sachs (or any replacement Eligible Institution), as securities intermediary, in each case as the same may be
amended, supplemented or modified from time to time, and for the avoidance of doubt the term “Control Agreement” shall not include any deposit or securities account control agreement or irrevocable payment instruction that a Borrower, the
Guarantor or any of its Subsidiaries may from time to time enter into with a swap counterparty and a depositary bank or securities intermediary for the purpose of holding collateral (together with, if applicable, interest and distributions thereon)
in connection with any Swap Agreement. 
 “Controlled Group” means: (a) the controlled group of corporations as
defined in Section 414(b) of the Internal Revenue Code; or (b) the group of trades or businesses under common control as defined in Section 414(c) of the Internal Revenue Code, in each case of which the applicable Credit Party is a
member or may become a member. 
 “Conversion Date” means any LIBOR Rate Conversion Date or Alternate Base Rate
Conversion Date, as applicable. 
 “Conversion Notice” is defined in Section 2.3(i). 

“Convert,” “Conversion,” and “Converted” shall refer to a conversion
pursuant to Section 2.3(i) or Section 4 of one Type of Loan into another Type of Loan. 
 “Corresponding
Tenor” with
 respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor. 

“
Credit Agreement” means this Revolving Credit Agreement, of which this Section 1.1 forms a part, together with all amendments, modifications and restatements hereof, and
schedules, exhibits, supplements and attachments hereto. 
 “Credit Facility” means the Loans and Letters of
Credit provided to the Borrowers by the Lenders or the Letter of Credit Issuer under the terms and conditions of this Credit Agreement. 

  
 13 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Credit Link Documents” means such financial information and
documents as may be requested by the Administrative Agent in its reasonable discretion, to reflect and connect the relevant or appropriate credit link or credit support of a Sponsor, Credit Provider or Responsible Party, as applicable, to the
obligations of the applicable Investor to make Investor Capital Contributions, which may include a written guaranty or such other acceptable instrument determined by the Administrative Agent in its reasonable discretion as to whether the applicable
Investor satisfies the Applicable Requirements to be a Rated Included Investor based on the Rating or other credit standard of its Sponsor, Credit Provider or Responsible Party, as applicable. 

“Credit Party” means any Borrower or the Guarantor. “Credit Parties” means, where the context
requires, all of the Borrowers and the Guarantor, collectively. 
 “Credit Provider” means a Person providing a
guaranty, or other credit support, in form and substance reasonably acceptable to the Administrative Agent, of the obligations of an Included Investor to make Investor Capital Contributions. 

“Current Party” is defined in Section 12.12. 

“Daily Simple
SOFR” means,
 for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for
determining
“Daily
 Simple
SOFR” for
 business loans; provided, that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable
discretion. 
 “Debt Limitations” means the limitations set
forth in Section 9.11. 
 “Debtor Relief Laws” means any applicable liquidation, conservatorship,
bankruptcy, moratorium, rearrangement, insolvency, fraudulent conveyance, reorganization, or similar laws affecting the rights, remedies, or recourse of creditors generally, including, without limitation, the United States Bankruptcy Code and all
amendments thereto, as are in effect from time to time during the term of the Loans. 
 “Default” means any
condition, act or event which, with the giving of notice or lapse of time or both, would become an Event of Default. 
 “Default
Rate” means on any day a per annum rate of interest equal to the lesser of: (a) the then applicable interest rate in effect on such day (i.e., either the Alternate Base Rate or the Adjusted LIBOR Rate) for such item bearing
interest, plus two percent (2.00%) or, if there is not a then applicable interest rate in effect on such day for such item the Alternate Base Rate in effect on such day, plus two percent (2.00%); or (b) the Maximum Rate. 

  
 14 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Defaulting Lender” means any Lender that has failed or refused to
perform its obligations hereunder, including: (a) has failed to timely make its Lender Pro Rata Share (immediately prior to becoming a Defaulting Lender) of any advance required to be made in respect of Loans as contemplated by
Section 2.3(f) or Letters of Credit pursuant to Section 2.8(d), or otherwise within two (2) Business Days of the date such Loans or Letters of Credit were required to be funded hereunder unless such Lender notifies
the Administrative Agent and the Borrowers in writing that such failure is the result of such Lender’s good faith 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; (b) has otherwise failed to pay to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within three
(3) Business Days of the date when due, unless the subject of a good faith dispute; (c) has been deemed insolvent or become the subject of a proceeding under Debtor Relief Laws; (d) has notified the Borrowers, any Agent or any Lender
in writing that it does not intend to comply with any of its funding obligations under this Credit Agreement or has made a public statement that it does not intend to comply with its funding obligations under this Credit Agreement or generally under
credit agreements substantially similar to this Credit Agreement (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder or a loan under any such other credit agreement 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
(e) 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 appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the
benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity or
(iii) 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 so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of
judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a
Lender is a Defaulting Lender under clauses (a) through (e), and of the effective date of such status, above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject
to Section 12.12) upon delivery of written notice of such determination to the Credit Parties and each other Lender. 

“Designated Investor” means an Included Investor that is not a Rated Included Investor, a Non-Rated Included Investor or a PWM Investor, which is a Designated Investor for the purposes hereof (as may be determined by the Administrative Agent and the Required Lenders). 

“Distribution” is defined in Section 9.10. 

“Dollars” and the sign “$” mean lawful currency of the United States of America. 

“Early Opt-in Election” means, if the then-current Benchmark is the LIBOR Rate, the occurrence of:
(a) (i) a determination by the Administrative Agent or (ii)  

  
 15 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

(1)
 a notification by the Required Lenders to the
Administrative Agent (with a copy to the Borrowers) that the Required Lenders have determined
thatto (or the request by the Borrowers to the Administrative Agent
to notify) each of the other parties hereto that at least five currently outstanding Dollar-denominated syndicated credit facilities being executed at such time, or that include language similar to that
contained in Section 4.8 are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace the LIBOR Rate, and (b) (i) at such time contain (as a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term SOFR or
any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for review), and

(2)
 the joint election by the Administrative Agent or (ii) the election by the Required Lenders to declare that an Early Opt-in
Election has occurredand the Borrowers to trigger a fallback from the LIBOR Rate and the provision, as applicable, by the Administrative Agent of
written notice of such election to the Borrowers and the Lenders or by the Required Lenders of written notice of such election to the Administrative Agent;
provided
that, in each case, the consent of the Borrowers is required for the purpose of this definition, such consent shall not be unreasonably withheld or delayed and such consent shall be deemed given by the Borrowers if the Borrowers do not object in
writing to any such written request for consent within five
(5) Business DaysLenders. 

“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. 

“Eligible Assignee” means: (a) a Lender or (b) any other Person which has a short-term unsecured debt rating
of at least P-1 from Moody’s or at least A-1 from S&P (or (x) if such Person has a rating from one of Moody’s or S&P that is not P-1 or A-1, as applicable, it has a short-term unsecured debt rating of at least F-1 from Fitch Ratings, Inc. or (y) such lower
ratings as may be approved in writing by the Borrowers and the Administrative Agent) and is approved by the Administrative Agent (such approval not to be unreasonably withheld or delayed) and, unless an Event of Default exists at the time any
assignment is effected, the Borrowers (such approval not to be unreasonably withheld or delayed and such approval to be deemed given by the Borrowers if no objection is received by the assigning Lender and the Administrative Agent from the Borrowers
within ten (10) Business Days after notice of such proposed assignment has been delivered by the assigning Lender to the Borrowers); provided that (i) no Borrower nor any Affiliate of a Borrower shall qualify as an Eligible
Assignee, and (ii) in each case, the Eligible Assignee shall be a Qualified Purchaser. 

  
 16 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Eligible Institution” means (i) HSBC and its Affiliates;
(ii) any depository institution, organized under the laws of the United States or any state, having capital and surplus in excess of $200,000,000, the deposits of which are insured by the Federal Deposit Insurance Corporation to the fullest
extent permitted by Applicable Law and which is subject to supervision and examination by federal or state banking authorities; provided that such institution also must have a short-term unsecured debt rating of at least P-1 from Moody’s and at least A-1 from S&P (or otherwise approved by the Administrative Agent in its sole discretion) and (iii) Goldman Sachs & Co. LLC,
or other securities intermediaries, for so long as Goldman Sachs & Co. LLC, or such other securities intermediary has at least two of the following short-term unsecured debt ratings: P-2 or higher
from Moody’s, A-2 or higher from S&P and F2 or higher from Fitch. If such depository institution publishes reports of condition at least annually, pursuant to law or to the requirements of the
aforesaid supervising or examining authority, then the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. 

“Endowment Fund Investor” means an Investor that is a wholly owned, tax exempt, public charity subsidiary of a
Sponsor, the assets of which Investor are not wholly disbursable for the Sponsor’s purposes on a current basis under the specific terms of all applicable gift instruments, formed for the sole purpose of accepting charitable donations on behalf
of such Sponsor and investing the proceeds thereof. 
 “Environmental Damages” is defined in
Section 12.5(c). 
 “Environmental Laws” means all federal, state, national, international and local
laws, ordinances, regulations or guidelines in force and binding relating to pollution or protection of the environment including, without limitation, air pollution, water pollution, noise control, or the use, handling or Release of Hazardous
Materials, applicable to any Credit Party, and any and all regulations promulgated under or pursuant to any statute of any applicable Governmental Authority, including, without limitation, (a) the Comprehensive Environmental Response,
Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Re-authorization Act of 1986, 42 U.S.C. §9601 et seq.; (b) the Resource Conservation and Recovery Act of 1976, as amended
by the Hazardous and Solid Waste Amendments of 1984, 42 U.S.C. §6901 et seq.; (c) the Clean Air Act, 42 U.S.C. §7401 et seq., as amended by the Clean Air Act Amendments of 1990; (d) the Clean Water Act of 1977, 33 U.S.C. §1251 et
seq.; and (e) the Toxic Substances Control Act, 15 U.S.C.A. §2601 et seq., as each of the foregoing may be amended from time to time. 

“Environmental Liability” means any written claim, demand, obligation or cause of action, or any order, violation,
damage (including, without limitation, to any Person, property or natural resources), injury, judgment, penalty or fine, cost of enforcement, cost of remedial action, cleanup, restoration or any other cost or expense whatsoever, including reasonable
attorneys’ fees and disbursements resulting from the violation or alleged violation of any Environmental Law or the imposition of any Environmental Lien or otherwise arising under any Environmental Law. 

  
 17 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Environmental Lien” means a Lien in favor of any Governmental
Authority: (a) under any Environmental Law; or (b) for any liability or damages arising from, or costs incurred by, any Governmental Authority in response to the Release or threatened Release of any Hazardous Material. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations
promulgated thereunder by any U.S. Governmental Authority, as from time to time in effect. 
 “ERISA Affiliate Plan”
means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), including any single-employer plan or multiemployer plan (as such terms are defined in Section 4001(a)(15) and in
Section 4001(a)(3) of ERISA, respectively), that is subject to Title IV of ERISA or Section 412 of the Internal Revenue Code, each as established or maintained for employees of any member of the Controlled Group (other than any Borrower).

 “ERISA Investor” means an Investor that is: (a) an “employee benefit plan” (as such term is
defined in Section 3(3) of ERISA) subject to Title I of ERISA; (b) any “plan” defined in and subject to Section 4975 of the Internal Revenue Code; (c) a group trust, as described in Revenue Ruling 81-100 as updated or amended from time to time; or (d) any other entity or account whose assets are deemed to include the assets of one or more such employee benefit plans subject to Title I of ERISA or
plans subject to Section 4975 of the Internal Revenue Code, as determined under the Plan Asset Regulations. 
 “Escrow
Agent” means an institution selected by a Borrower or the Guarantor and reasonably acceptable to the Administrative Agent, to serve as escrow agent for all purposes under the Loan Documents and any successor thereto in such capacity.

 “Escrow Agreement” means the Escrow Agreement, dated as of February 22, 2018, among the Guarantor, the
Administrative Agent and the Escrow Agent, as amended, restated, supplemented or otherwise modified from time to time. 
 “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. 
 “Event of Default” is defined in Section 10.1. 

“Excluded Investor” is defined in Section 2.1(d). 

“Excluded Proceeds” is defined in Section 5.1(a)(v). 

  
 18 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Excluded Taxes” means any of the following Taxes imposed on or with
respect to a Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a
result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are
Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on
the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrowers under Section 12.12(a)) or (ii) such Lender changes its Lending Office, except in
each case to the extent that, pursuant to Section 4.1, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it
changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 4.1(f), and (d) any Taxes imposed under FATCA. 

“Exclusion Event” is defined in Section 2.1(d). 

“Existing Law” means (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd Frank
Act”); (ii) the publication entitled “Basel III: A global regulatory framework for more resilient banks and banking systems,” as updated from time to time (“Basel III”), including without limitation,
any publications addressing the liquidity coverage ratio or the supplementary leverage ratio; or (iii) any implementing laws, rules, regulations, guidance, interpretations or directives from any Governmental Authority relating to the Dodd Frank
Act or Basel III (whether or not having the force of law). 
 “Extension Request” means a written request by the
Borrowers substantially in the form attached hereto as Exhibit L to extend the initial or extended Stated Maturity Date for an additional period of no greater than 364 days. 

“Facility Increase” is defined in Section 2.14(a). 

“Facility Increase Effective Date” is defined in Section 2.14(b). 

“Facility Increase Fee” has the meaning set forth in the Fee Letter. 
 “Facility Increase Request” means the notice substantially in
the form attached hereto as Exhibit N pursuant to which the Borrowers request an increase of the Commitments in accordance with Section 2.14. 

“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Credit Agreement (or any
amended or successor provisions that are substantially similar), any regulations or official interpretations thereunder or official interpretations thereof, any agreements entered into pursuant to Section 1471(b)(i) of the Internal Revenue Code
and/or any U.S. or non-U.S. fiscal or regulatory rules, regulations or guidance notes or practices adopted pursuant to any intergovernmental agreements entered into in connection with the implementation of
such Sections of the Internal Revenue Code or analogous provisions of non-U.S. law. 

  
 19 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Federal Funds Rate” means, for any day, the rate per annum (rounded
upward, if necessary, to the nearest 1/100th of 1%) 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, 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%) received by the Administrative Agent from three Federal funds brokers of recognized standing selected by the Administrative Agent. 

“Federal Reserve Bank of New
York’s
Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source. 
 “Fee Letter” means (i)means, at any
time, that certain letter agreement or letter agreements, dated as of the date hereof, between (i)
 the Administrative Agent and the Primary Borrower and (ii) any letter agreement entered into between certain Lenders and the
Primary Borrower setting forth the fees due under this Agreement, as such letter agreement(s) may be amended, restated, supplemented, or otherwise modified from time to time. “Fee
Letters” means, where the context
requires, all such Fee Letters, collectively/or the Lenders (or any of them) and (ii) the Primary Borrower, in any case, as in effect at such time..

 “Filings” means (a) UCC financing statements, UCC financing statement amendments and UCC
financing statement terminations, as applicable; and (b) the substantial equivalent as reasonably determined to be necessary by the Administrative Agent in any other jurisdiction in which any Borrower or Guarantor may be formed. 

“Fitch” means Fitch Ratings, Inc., and any successor thereto. 

“Floor
” means
 the benchmark rate floor provided in this Credit Agreement initially (as of the execution of this Credit Agreement, the modification, amendment or renewal of this Credit Agreement or otherwise) with respect to the LIBOR Rate. 

“
Foreign Lender” means a Lender that is not a U.S. Person. 
 “Full Repayment Capital Call”
has the meaning specified in Section 10.5(b). 
 “Funding Ratio” means (a) for a
Governmental Plan Investor, the actuarial present value of the assets of the plan over the actuarial present value of the plan’s total benefit liabilities, as reported in such plan’s most recent audited financial statements; and
(b) for an ERISA Investor: (i) for plan years prior to 2008, the gateway percentage or funded current liability percentage reported on Schedule B to the Form 5500; and (ii) for plan years 2008 and later, the funding target attainment
percentage reported on Schedule SB to the Form 5500 or the funded percentage for monitoring plan’s status reported on Schedule MB to the Form 5500, as applicable, as reported on the most recently filed Form 5500 by such ERISA Investor with the
United States Department of Labor. 
 “Generally Accepted Accounting Principles” means those generally accepted
accounting principles and practices as in effect from time to time that are recognized as such by the American Institute of Certified Public Accountants or by the Financial Accounting Standards Board or through other appropriate boards or committees
thereof, and that are consistently 

  
 20 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 applied in all material respects for all periods, after the date hereof, so as to properly reflect the
financial position of the applicable Person except as disclosed in connection with such financial statements, except that any accounting principle or practice required to be changed by the Financial Accounting Standards Board (or other appropriate
Board or committee of the said Board) in order to continue as a generally accepted accounting principle or practice may be so changed. 

“Goldman Sachs” means Goldman Sachs & Co. LLC, a New York limited liability company, together with The
Goldman Sachs Group, Inc., a Delaware corporation. 
 “Good Standing” means, at any time the same is determined,
(a) with respect to any Investor, such Investor is in compliance in all material respects with its obligations (without duplication of obligations referenced in clauses (iv), (v) and (vii) of Section 2.1(d)) under its
Subscription Agreement and the Guarantor’s Governing Documents, (b) with respect to any Institutional Investor, such Investor is either a Rated Included Investor, a Non-Rated Included Investor or a
Designated Investor and (c) with respect to PWM Investors, such PWM Investor is a client of the Private Wealth Management Group of Goldman Sachs & Co. LLC and, to the actual knowledge of a Responsible Officer, such PWM Investor is not
in violation or breach of any material obligations to the Private Wealth Management Group of Goldman Sachs & Co. LLC or any fund sponsored by any Goldman Sachs Affiliate. 

“Governing Documents” means the limited partnership agreement, limited liability company agreement, memorandum and
articles of association or other equivalent governing document in the applicable jurisdiction of the Primary Borrower or the Guarantor, as the same may be further amended, restated, modified or supplemented in accordance with the terms hereof in
each case, as described on Schedule I hereto. 
 “Governmental Authority” means any foreign governmental
authority, the government of the United States of America, any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative,
judicial, taxing, regulatory or administrative powers or functions of or pertaining to government having jurisdiction over the Credit Parties, the Administrative Agent or any Lender, or any of their respective businesses, operations, assets, or
properties. 
 “Governmental Plan Investor” means an Investor that is an “employee benefit plan” as
defined in Section 3(3) of ERISA and that is a governmental plan as defined in Section 3(32) of ERISA. 
 “Governmental
Rules” means any and all laws, statutes, codes, rules, regulations, ordinances, orders, writs, decrees and injunctions, of any Governmental Authority and any and all legally binding conditions, standards, prohibitions, requirements and
judgments of any Governmental Authority. 
 “Guarantor” is defined in the first paragraph hereof. 

“Guarantor Limited Liability Company Agreement” means the Amended and Restated Limited Liability Company Agreement of
the Guarantor dated as of February 9, 2018. 

  
 21 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Guaranty Obligations” means, with respect to any Person, without
duplication, any obligations guaranteeing any Indebtedness of any other Person in any manner, whether direct or indirect, and including, without limitation, any obligation, whether or not contingent: (a) to purchase any such Indebtedness;
(b) to advance or provide funds or other support for the payment or purchase of such Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including, without limitation, maintenance
agreements, comfort letters, take or pay arrangements, put agreements or similar agreements or arrangements) for the benefit of the holder of Indebtedness of such other Person; (c) to lease or purchase property, securities or services primarily
for the purpose of assuring the owner of such Indebtedness of the ability of the primary obligor to make payment of such primary obligation; or (d) to otherwise assure or hold harmless the owner of such Indebtedness or obligation against loss
in respect thereof; provided, however, that the term “Guaranty Obligations” shall not include (x) any obligation or liability (contingent or otherwise) which is designated as “remote” or excluded from the
financial statements of the applicable Person in accordance with Generally Accepted Accounting Principles or the equivalent thereof in the applicable jurisdiction (as long as such obligation or liability is not being enforced) and
(y) endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Guaranty Obligation of any guaranteeing Person shall be deemed to be the maximum amount for which such guaranteeing Person may be
liable pursuant to the terms of the instrument embodying such Guaranty Obligation, unless such maximum amount for which such guaranteeing person may be liable is not stated or determinable, in which case the amount of such Guaranty Obligation shall
be such guaranteeing Person’s maximum reasonable anticipated liability in respect thereof as determined by such Person in good faith. 

“Hazardous Material” means any substance, material, or waste which is or becomes regulated, under any Environmental
Law, as hazardous to public health or safety or to the environment, including, but not limited to: (a) any substance or material designated as a “hazardous substance” pursuant to Section 311 of the Clean Water Act, as amended, 33
U.S.C. §1251 et seq., or listed pursuant to Section 307 of the Clean Water Act, as amended; (b) any substance or material defined as “hazardous waste” pursuant to Section 1004 of the Resource Conservation and
Recovery Act, as amended, 42 U.S.C. §6901 et seq.; (c) any substance or material defined as a “hazardous substance” pursuant to Section 101 of the Comprehensive Environmental Response, Compensation and Liability Act, as amended,
42 U.S.C. §9601 et seq.; or (d) petroleum, petroleum products and petroleum waste materials. 

“HSBC” has the meaning provided in the preamble hereto. 

“Included Institutional Investor” means each Institutional Investor that is a Rated Included Investor or a Non-Rated Included Investor. 
 “Included Investor” means an Investor (which, for
the avoidance of doubt, may be an Institutional Investor, a Designated Investor or a PWM Investor) that: 
 (a) has executed
and delivered (directly or by power of attorney) a legal, valid and binding Subscription Agreement which evidences the Investor’s Investor Capital Commitment and pursuant to which the Investor agrees to make Investor Capital Contributions to
the Guarantor, which Subscription Agreement is in full force and effect and a copy of which has been delivered to the Administrative Agent; 

  
 22 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (b) is in Good Standing; 

(c) delivered a true and correct copy of each Side Letter (which, in the case of any PWM Investor, may be redacted to show the
Investor identification number but no other identifying information), if any, with respect to such Investor, which shall be in form and substance acceptable to the Administrative Agent in its sole discretion (but once approved such approval may not
be withdrawn absent an amendment to such Side Letter); 
 (d) executed and delivered documentation with the Guarantor
acknowledging and agreeing that such Investor’s Investor Capital Commitment and related rights may be pledged as Collateral, as specified by and including pursuant to Part A(8) of Section III of the Subscription Agreement or Section 11.18
(or any other relevant provision, as applicable) of the Guarantor’s Limited Liability Company Agreement; 

(e) with respect to any Investor becoming an Investor after the Closing Date which has entered a Side Letter, if such Side
Letter contains provisions that could reasonably be expected to adversely affect the Administrative Agent or the Lenders, such Side Letter is acceptable to the Administrative Agent in its sole discretion (but once approved such approval may not be
withdrawn absent an amendment to such Side Letter); and 
 (f) is not (i) a SOX Insider; or (ii) a full-time
employee of Goldman Sachs or Subsidiary thereof or any current or former spouse of such full-time employee or an entity that is an Affiliate of such full-time employee; unless, in each case, (x) Goldman Sachs guarantees such entity’s
obligations under the related Subscription Agreement or (y) as otherwise permitted by the Administrative Agent and the Required Lenders in their sole reasonable discretion; 

provided that (1) any Included Investor in respect of which an Exclusion Event has occurred shall thereupon no longer be an
Included Investor (with respect to any amounts subject to such Exclusion Event) until such time as all Exclusion Events in respect of such Investor shall have been cured in accordance with Section 2.1(d); (2) each approval under
clause (c) shall be subject to the satisfaction of such initial or ongoing conditions as may reasonably be specified by the Administrative Agent at the time of initial inclusion of such Investor as an Included Investor; (3) certain
transferee Investors are treated as Included Investors in accordance with Section 8.2; and (4) no Institutional Investor shall be an Included Investor, nor shall any increase to the Investor Capital Commitment of any prior Included
Institutional Investor be included in the Borrowing Base, without the prior written approval of the Administrative Agent and the Required Lenders (such consent not to be unreasonably withheld). If an Included Investor would not be an Included
Investor but for the guaranty or other Credit Link Documents of its Credit Provider as contemplated in the definition of “Credit Provider”, such Included Investor shall provide evidence satisfactory to the Administrative Agent of such
guaranty or other Credit Link Documents. 

  
 23 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Indebtedness” of any Person means, without duplication: (a) all
obligations of such Person for borrowed money or with respect to deposits or advances of any kind held by such Person; (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments representing extensions of
credit, or upon which interest payments are customarily made (other than interest payable after the scheduled payment date); (c) all obligations of such Person under conditional sale or other title retention agreements relating to property purchased
by such Person (other than customary reservations or retentions of title under agreements with suppliers entered into in the ordinary course of business); (d) all obligations of such Person in respect of the deferred purchase price of property or
services (excluding current accounts payable incurred in the ordinary course of business); (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any
Lien on, or payable out of the proceeds of production from, property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed; (f) all Guaranty Obligations of such Person in respect of Indebtedness of
others; (g) all obligations of such Person under: (i) Capital Leases; and (ii) any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product of such Person where such transaction is considered borrowed money indebtedness for tax purposes but is classified as an operating lease in accordance with Generally Accepted
Accounting Principles; (h) all obligations of such Person to repurchase any securities which repurchase obligation is related to the issuance thereof; (i) all net obligations of such Person in respect of or under Swap Agreements;
(j) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and instruments of a like nature or of such Person in respect of bankers’ acceptances; and (k) the aggregate amount of
uncollected accounts receivable of such Person subject at such time to a sale of receivables (or similar transaction) regardless of whether such transaction is effected without recourse to such Person; provided, however, that the term
“Indebtedness” shall not include (u) Indebtedness that is (1) recourse only to Portfolio Investments in a single portfolio company or a group of affiliated portfolio companies, and the Portfolio Investment Vehicle or group of
related Portfolio Investment Vehicles related thereto or (2) in the form of a margin loan that is recourse only to the Portfolio Investments or a group of affiliated portfolio companies or the Portfolio Investment Vehicle or group of Portfolio
Investment Vehicles related thereto, provided that such Indebtedness is not recourse to, or cross-collateralized by, any other Portfolio Investment that is not part of a common enterprise with such Portfolio Investment, (v) Indebtedness
(unsecured or secured by Liens included in the transaction documents of a Portfolio Investment or in favor of the sellers or other debt providers in connection with a Portfolio Investment or their Affiliates) so long as such Indebtedness is
(1) permitted by the related Constituent Document of the Borrower, and (2) incurred (whether the same would be treated as debt or guarantees of debt) (including Guaranty Obligations) for one or more of the following purposes:
(A) obligations to pay a deferred purchase or acquisition price in respect of a Portfolio Investment, (B) obligations incurred in the making, purchase or sale of Portfolio Investments, including earnouts, contingent or deferred price and
indemnity obligations, and (C) obligations incurred in its or their capacity as holders of a Portfolio Investment (e.g., such as equity funding commitments or commitments to hold a portfolio company harmless against losses arising from
specified matters), (w) any obligation or liability (contingent or otherwise) which is designated as “remote” or excluded from the financial statements of the applicable Person in accordance with Generally Accepted Accounting Principles or
the equivalent thereof in the applicable jurisdiction (as long as such obligation or 

  
 24 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 liability is not being enforced), (x) accrued management fees, incentive fees or other similar fees or
compensation, (y) trade accounts payable or (z) commitments to purchase or make Portfolio Investments, and guarantees of such commitments to purchase or make Portfolio Investments. The Indebtedness of any Person shall include the
Indebtedness of any partnership or unincorporated joint venture or similar entity for which such Person is legally obligated unless made non-recourse to such Person by written agreement satisfactory to the
Administrative Agent. 
 “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with
respect to any payment made by or on account of any obligation of any Borrower under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Indemnitee” is defined in Section 12.5(b). 

“Institutional Investor” means any Investor other than (a) a PWM Investor, or (b) any Person (unless such
Person is a PWM Investor) that is a full time employee of Goldman Sachs or any Subsidiary thereof or any spouse or entity that is an Affiliate of such full time employee. 

“Interest Option” means the LIBOR Rate or the Alternate Base Rate. 

“Interest Payment Date” means, (a) the last day of the applicable Interest Period; or (b) the Maturity Date.

 “Interest Period” means, (a) with respect to any Loan funded as an Alternate Base Rate Loan,
(i) initially, the period commencing on (and including) the date of the initial funding of such Loan and ending on (and including) the last day of the calendar month in which such Loan was funded and (ii) thereafter, each period commencing
on (and including) the first day after the last day of the immediately preceding Interest Period for such Loan, and ending on (and including) the last day of the current calendar month; and (b) with respect to any Loan funded as a LIBOR Rate
Loan, the period commencing on (and including) the date of the initial funding of such Loan and ending on (but excluding) the corresponding date one month, two months, three months or such other interest period consented to by the applicable Lender
in its sole discretion, as designated by the applicable Borrower(s) in the applicable Request for Borrowing; provided that: 

(A) any Interest Period with respect to any Loan which would otherwise end on a day which is not a Business Day shall be
extended to the next succeeding Business Day; provided, however, that if interest in respect of such Interest Period is computed by reference to the LIBOR Rate, and such Interest Period would otherwise end on a day which is not
a Business Day, and there is no subsequent Business Day in the same calendar month as such day, such Interest Period shall end on the next preceding Business Day; and 

(B) in the case of any Interest Period for any Loan which commences before the Maturity Date and would otherwise end on a
date occurring after the Maturity Date, such Interest Period shall end on (but exclude) such Maturity Date, and the duration of each Interest Period which commences on or after the Maturity Date shall be of such duration as shall be selected by the
applicable Lender in its sole discretion. 

  
 25 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Internal Revenue Code” means the United States Internal Revenue Code
of 1986, as amended. 
 “Investment Company Act” shall mean the Investment Company Act of 1940, as amended. 

“Investment Exclusion Event” means the exclusion or excuse of any Investor from participating in a particular
Portfolio Investment pursuant to the provisions of the Guarantor’s Governing Documents or such Investor’s Side Letter (including by reference to any investment policy of such Investor), where the Investor is entitled to such exclusion or
excuse under the Guarantor’s Governing Documents or its Side Letter as a matter of right (i.e. not in the Primary Borrower’s discretion). 

“Investment Management Agreement” means the Management Services Agreement, dated as of February 9,
2018 between the Guarantor and the Investment Manager, as amended. 
 “Investment Manager” means Goldman Sachs Asset
Management, L.P., a Delaware limited partnership. 
 “Investor” means any Person that (i) is admitted to the
Guarantor as a shareholder or other equity holder in accordance with the Guarantor’s Governing Documents, and (ii) has an Investor Capital Commitment to the Guarantor; “Investors” means, where the context requires,
all Investors, collectively. 
 “Investor Capital Call” means a drawdown notice for payment of all or any portion of
an Investor’s Investor Capital Commitment in accordance with the Guarantor’s Governing Documents. “Investor Capital Calls” means, where the context requires, all Investor Capital Calls, collectively. 

“Investor Capital Commitment” means, with respect to any Investor, the “Capital Commitment” (as defined in
the Guarantor’s Governing Documents) of such Investor to the Guarantor. “Investor Capital Commitments” means, where the context requires, all Investor Capital Commitments, collectively. 

“Investor Capital Contribution” means the amount of cash actually contributed by an Investor to the Guarantor with
respect to its Investor Capital Commitment as of the time such determination is made, less amounts refunded to such Investor in accordance with the Guarantor’s Constituent Documents. “Investor Capital Contributions”
means, where the context requires, all Investor Capital Contributions, collectively. 
 “Investor Information” is
defined in Section 12.17. 
 “Investor Returned Capital” means, for any Investor, at any time, any amounts
distributed to such Investor that are subject to recall as an Investor Capital Contribution pursuant to the Constituent Documents of the Guarantor. 

  
 26 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Investor Returned Capital Condition” means the delivery to the
Administrative Agent by a Borrower of (i) an updated Borrowing Base Certificate which sets out the amount of Investor Returned Capital which was distributed to each Investor and in which such Borrower certifies that such funds were returned to
such Investor and may be subject to a future Investor Capital Call, and (ii) a copy of the form of the distribution notice that was provided to the Investors in connection with such Investor Returned Capital, which form shall (if required by
the Guarantor’s Governing Documents) indicate to the Investors that such Investor Returned Capital is recallable and may be subject to a future Investor Capital Call. 

“IPO” has the meaning set forth in the Governing Documents. 

“
ISDA Definitions” means
 the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published
from time to time by the International Swaps and Derivatives Association, Inc. or such successor thereto. 

“KYC Compliant” means any Person who has satisfied all requests for information from the Lenders for
“know-your-customer” and other anti-terrorism, anti-money laundering and similar rules and regulations and related policies and who would not result in any Lender being non-compliant with any such
rules and regulations and related policies were such Person to enter into a banking relationship with such Lender, including any information required to be obtained by any Lender pursuant to the Beneficial Ownership Regulation. 

“Laws” means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules,
guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration
thereof, and all applicable administrative orders, decrees, directed duties, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. 

“Lender” means (a) HSBC in its capacity as lender and, to the extent applicable, any assignee thereof pursuant to
Section 12.11(d), and (b) each other lender that becomes party to this Credit Agreement in accordance with the terms hereof. “Lenders” means, where the context requires, all Lenders, collectively. 

“Lender Joinder Agreement” means an agreement substantially in the form of Exhibit O, pursuant to which a new
Lender joins the Credit Facility as contemplated by Section 12.11(i). 
 “Lender Party” is defined in
Section 11.1. 
 “Lender Pro Rata Share” means, with respect to each Lender, in the context of any particular Tranche, the percentage obtained from the fraction: (a) (i) the numerator of
which is the Commitment of such Lender with respect to such Tranche; and (ii) the denominator of
which is the aggregate Commitments of all Lenders with respect to such Tranche; or (b) in the
event the Commitments of all Lenders in such Tranche have been terminated: (i) the numerator of
which is 

  
 27 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 the Principal Obligations (or, if no Principal Obligations are outstanding, the Obligations) outstanding of
such Lender with respect to such Tranche; and (ii) the denominator of which is the aggregate of the
Principal Obligations (or if no Principal Obligations are outstanding, the Obligations) of all Lenders with respect to such Tranche. 
 “Lending Office” is defined in Section 3.7. 

“Letter of Credit” means any letter of credit issued by the Letter of Credit Issuer pursuant to
Section 2.8 either as originally issued or as the same may, from time to time, be amended or otherwise modified or extended. 

“Letter of Credit Application” means an application, in the form specified or accepted by the Letter of Credit
Issuer from time to time and customarily used by such Letter of Credit Issuer in similar circumstances, requesting the Letter of Credit Issuer issue a Letter of Credit. 

“Letter of Credit Issuer” means HSBC or any Affiliate thereof or any Lender or Affiliate of such Lender so
designated, and which accepts such designation, by the Administrative Agent and approved by the Borrower. 
 “Letter of Credit
Liability” means the sum of (x) aggregate amount of the undrawn stated amount of all outstanding Letters of Credit plus (y) the amount drawn under Letters of Credit for which the Letter of Credit Issuer and the Lenders,
or any one or more of them, have not yet received payment or reimbursement (in the form of a conversion of such liability to Loans, or otherwise) as required pursuant to Section 2.8. 

“Letter of Credit Sublimit” means, at any time, an amount equal to twenty -five percent (25%) of the Available Commitment at such time. The Letter
of Credit Sublimit is a part of, and not in addition to, the Maximum Commitment. 
 “LIBOR Rate” means, for
any Interest Period and any LIBOR Rate Loan, an interest rate per annum (expressed as a decimal and rounded upwards, if necessary, to the nearest one hundredth of a percentage point) equal to the offered rate per annum for deposits for such Interest
Period as of 11:00 a.m., London time, two (2) Business Days before the first day of such Interest Period, that appears on the display designated as “Reuters Screen LIBOR01” on the Reuters Service (or such other page as may replace
“Reuters Screen LIBOR01” on that service for the purpose of displaying London interbank offered rates of major banks) (the “LIBOR Screen Rate”); provided that if such rate is not available on any date when the LIBOR
Rate is to be determined, then the rate shall be an interest rate per annum determined by the Administrative Agent equal to the rate at which it would offer deposits to prime banks in the London interbank market for a period equal to such Interest
Period at or about 11:00 a.m. (London time) on the second Business Day before (and for value on) the first day of such Interest Period and, to the extent applicable, as set forth in Section 1.7. If the calculation of the LIBOR Rate
results in a LIBOR Rate of less than zero (0), the LIBOR Rate shall be deemed to be zero (0) for all purposes of this Credit Agreement. 

“LIBOR Rate Conversion Date” is defined in Section 2.3(i). 

  
 28 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “LIBOR Rate Loan” means a Loan that bears interest at a rate based on
the LIBOR Rate (or, if applicable, Benchmark Replacement).

 “LIBOR Reserve Requirement” means, at any time, the maximum rate at which reserves (including, without
limitation, any marginal, special, supplemental, or emergency reserves) are required to be maintained under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) by member banks of the
Federal Reserve System against “Eurocurrency liabilities” (as such term is used in Regulation D). The LIBOR Rate shall be adjusted automatically on and as of the effective date of any change in the LIBOR Reserve Requirement. Each
determination by the Administrative Agent of the LIBOR Reserve Requirement shall, in the absence of manifest error, be conclusive and binding. 

“LIBOR Screen Rate” has the meaning specified in the definition of “LIBOR Rate”, contained in this
Section 1.1. 
 “Lien” means any lien, mortgage, assignment by way of security, security interest,
charge, tax lien, pledge, encumbrance, or conditional sale or title retention arrangement, or any other interest in property designed to secure the repayment of indebtedness, whether arising by agreement or under common law, any statute, law,
contract, or otherwise. 
 “Loan Deficit” is defined in Section 2.3(f). 

“Loan Documents” means this Credit Agreement, the Notes (including any renewals, extensions, re-issuances and refundings thereof), each of the Collateral Documents, each Assignment and Acceptance Agreement, each Borrower Guaranty, each Lender Joinder Agreement, the Fee Letter, each Letter of Credit
Application, each Letter of Credit and such other agreements and documents, and any amendments or supplements thereto or modifications thereof, executed or delivered pursuant to the terms of this Credit Agreement or any of the other Loan Documents
and any additional documents delivered by a Credit Party to the Administrative Agent in connection with any such amendment, supplement or modification that the parties thereto agree shall constitute a “Loan Document”
hereunder. 
 “Loans” means the loans made by the Lenders to the Borrowers pursuant to the terms and conditions of
this Credit Agreement (and certain other related amounts to be treated as Loans pursuant to Section 2.8(e), Section 2.9(e) and Section 3.3(c)). 

“Margin Stock” has the meaning assigned thereto in Regulation U. 

“Material Adverse Effect” means a material adverse effect on (a) the rights of, or benefits available to, the
Secured Parties under the Loan Documents taken as a whole, (b) the Credit Parties’ ability to pay the Obligations when due in accordance with the terms of the Loan Documents, (c) the Credit Parties’ ability to perform their
material obligations under the Loan Documents taken as a whole, (d) the legality, validity, binding effect or enforceability of the Loan Documents taken as a whole, (e) the ability of the Guarantor to make calls for Investor Capital
Contributions under the Guarantor’s Governing Documents, or (f) the obligations of the Investors to make Investor Capital Contributions under the Guarantor’s Governing Documents with respect to their Unfunded Capital Commitments,
taken as a whole. 

  
 29 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Material Amendment” is defined in Section 9.4. 

“Maturity Date” means the earliest of: (a) the Stated Maturity Date; (b) the date upon which the
Administrative Agent declares the Obligations due and payable in accordance with Section 10; (c) thirty (30) days prior to the termination of the Governing Documents of the Primary Borrower or the Guarantor; (d) thirty (30)
days prior to the date on which the Guarantor’s ability to call Investor Capital Contributions to pay Obligations ends or is terminated; (e) the date upon which the Borrowers terminate the Commitments pursuant to Section 3.6 or
otherwise; and (f) the date on which the depository bank or securities intermediary with respect to any Collateral Account shall change without the Administrative Agent’s consent in accordance with Section 9.15. 

“Maximum Commitment” means
(a) prior to the Scheduled Reduction Date, $710,000,000 and
(b) on the Scheduled Reduction Date and
thereafter (to the extent that the Stated Maturity Date is a date that is after the Scheduled Reduction Date), $500,000,000, as it may be
(i) in each case,$494,000,000, as it may be (a) reduced from time to time by the
Borrowers pursuant to Section 3.6 or (ii) in the case of
clause (b), increased from time to time in accordance with Section 2.14. 

“Maximum Rate” means, on any day, the highest rate of interest (if any) permitted by Applicable Law on such day. 

“Minimum Collateral Amount” means, at any time, with respect to Cash Collateral consisting of cash or deposit
account balances, an amount equal to 100% of the Letter of Credit Liability (or, with respect to a Borrowing Base deficiency, the portion thereof required to be Cash Collateralized hereunder) of the Letter of Credit Issuer with respect to Letters of
Credit issued and outstanding at such time. 
 “Minimum Required Rating” means a Rating of BBB+/Baa1 or higher. 

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

“Non-Defaulting Lender” is defined in Section 2.3(f). 

“Non-Rated Included Investor” means any Institutional Investor that does not
satisfy the Applicable Requirement, which Investor has been approved by the Ad ministrative Agent and the Required Lenders as an Included Investor in their reasonable discretion. 

“Notes” means the promissory notes provided for in Section 3.1, all promissory notes delivered in
substitution or exchange therefor, and the Qualified Borrower Promissory Notes as such notes may be amended, restated, reissued, extended or modified, in each case; and “Note” means any one of the Notes. 

“Obligations” means all present and future indebtedness, obligations, and liabilities of the Borrowers and the
Guarantor to the Lenders (including, without limitation, Loans, Letters of Credit, or both), or any part thereof, arising pursuant to this Credit Agreement (including, without limitation, the indemnity provisions hereof) or represented by the Notes
and each 

  
 30 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Borrower Guaranty, and all interest and fees accrued and accruing thereon, and attorneys’ fees incurred
in the enforcement or collection thereof, regardless of whether such indebtedness, obligations, and liabilities are direct, indirect, fixed, contingent, joint, several, or joint and several; together with all renewals and extensions thereof, or any
part thereof; provided that, for the avoidance of doubt, the indebtedness, obligations or liabilities of any Borrower, the Guarantor or any of their respective Subsidiaries, to any Lender or any of its Subsidiaries, in its capacity as a counterparty
of such Borrower, the Guarantor, or any Borrower’s Subsidiary or the Guarantor’s Subsidiary, under any Swap Agreement, shall not be deemed “Obligations” hereunder. 

“OFAC” means the United States Department of the Treasury’s Office of Foreign Assets Control. 

“OFAC Regulations” means the regulations promulgated by OFAC, as amended from time to time. 

“Operating Company” means an “operating company” within the meaning of 29 C.F.R.
§2510.3 -101(c) of the Plan Asset Regulations. 
 “Operating
Company Opinion” means a favorable opinion of counsel regarding the status of a Borrower or the Guarantor as an Operating Company. 

“Other Claims” is defined in Section 5.5. 

“Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former
connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising solely 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 or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes
that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes
that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 12.12(a)) . 

“Participant” is defined in Section 12.11(b). 

“Participant Register” is defined in Section 12.11(b). 

“Patriot Act” is defined in Section 12.18. 

“PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. 

“Pending Capital Call” means any Investor Capital Call that has been made upon the Investors and that has not yet been
(i) cancelled or withdrawn or (ii) funded by the applicable Investor, but with respect to which such Investor is not in default under the terms of the Guarantor’s Governing Documents beyond any applicable notice and cure period
specified therein. 

  
 31 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Permitted Investments” means: 

(i) savings, money market or other interest bearing accounts of the Administrative Agent, any Lender, any Eligible Institution
or any other financial institution with a short-term credit rating of “A-1” by S&P and “P-1” by Moody’s; 

(ii) debt instruments issued or guaranteed by the United States or its agencies or instrumentalities, including, without
limitation, treasury bills, notes and bonds; 
 (iii) commercial paper of domestic corporations, which has received a
rating of A-1 or P-1 or its equivalent from either of Moody’s or S&P and/or has been unconditionally guaranteed by an entity which has received an equivalent
credit rating by either of Moody’s or S&P; 
 (iv) money market mutual funds with assets of at least
$750,000,000, substantially all of which assets consist of obligations of the type described in the foregoing clauses; or 

(v) similar quality short term investments and cash and cash equivalents. 

“Permitted Liens” means (i) non-consensual Liens, if any, imposed on the
property of any Person not yet delinquent or being contested in good faith by appropriate proceedings as long as such Person has set aside on its books adequate reserves with respect thereto in accordance with Generally Accepted Accounting
Principles and (ii) Liens of a bank or a securities intermediary holding the Collateral Account which arise as a matter of law or items in the course of collection or encumbering deposits or other similar Liens (including the right to set-off) on the account and items held in, deposited in or credited to such account. 

“Permitted Uses” means the use of the proceeds of the Loans hereunder to fund any of the following: (i) to
acquire Portfolio Investments as permitted under the Governing Documents and/or Permitted Investments, pending their use to fund the acquisition of Portfolio Investments and purposes described in clauses (ii) and (iii) below;
(ii) Borrower Expenses (including to pay fees payable to the Investment Manager or any Credit Party’s affiliates pursuant to the Governing Documents and/or Investment Management Agreement); and (iii) other general purposes of the
Credit Parties (including to pay Distributions) to the extent permitted under the Governing Documents. 
 “Person”
means an individual, sole proprietorship, joint venture, association, trust, estate, business trust, corporation, limited liability company, limited liability partnership, limited partnership, nonprofit corporation, partnership, sovereign government
or agency, instrumentality, or political subdivision thereof, or any similar entity or organization. 

  
 32 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Plan” means any “employee pension benefit plan” (as such
term is defined in Section 3(2) of ERISA), including any single-employer plan or multiemployer plan (as such terms are defined in Section 4001(a)(15) and in Section 4001(a)(3) of ERISA, respectively), that is subject to Title IV of
ERISA or Section 412 of the Internal Revenue Code, each as established or maintained for employees of any Borrower. 
 “Plan
Asset Regulations” means 29 C.F.R. §2510.3 -101, et seq., as the same may be amended from time to time, as modified by Section 3(42) of ERISA. 

“Plan Assets” means “plan assets” within the Plan Asset Regulations. 

“Portfolio Assets” means, at any time, as to any Borrower or the Guarantor, the following assets owned by such Person:
(i) equity securities or interests (or options or warrants thereon) of any kind, (ii) debt securities or obligations (including loans or advances) of any kind, and (iii) any other Portfolio Investments. 

“Portfolio Investment” means an investment of any of the Borrowers, the Guarantor, any of their Subsidiaries or any
Portfolio Investment Vehicle, to the extent permitted pursuant to the terms of the Governing Documents; it being understood that each Subsidiary of any Borrower or the Guarantor (other than the Primary Borrower) (including any Portfolio Investment
Vehicle) shall be deemed a Portfolio Investment. 
 “Portfolio Investment Vehicle” means a Subsidiary or other
entity owned in whole or in part by a Borrower or the Guarantor (other than the Primary Borrower) which itself, or with one or more other Portfolio Investment Vehicles or other Persons, holds one or more Portfolio Investments in issuers or other
Persons that are operated as a common enterprise. 
 “Prepayment Period” is defined in the definition of
“Required Payment Time”. 
 “Primary Borrower” is defined in the first paragraph hereof. 

“Primary
Tranche” means the primary
tranche of Commitments under this Credit Agreement in which all Lenders participate in funding Loans and participate in Letters of Credit. The Primary
Tranche, for the avoidance of doubt, does not include
the Temporary Increase Tranche. 
 “Prime Rate”
means, at any time, the rate of interest per annum publicly announced from time to time by the Administrative Agent as its prime rate in effect at its principal office in New York, New York. Each change in the Prime Rate shall be effective as of the
opening of business on the day such change in such prime rate occurs. The parties hereto acknowledge that the rate announced publicly by the Administrative Agent as its prime rate is an index or base rate and shall not necessarily be its lowest or
best rate charged to its customers or other banks. 
 “Principal Obligations” means, as of any date of
determination, the sum of (a) the aggregate outstanding principal amount of the Loans as of such date plus (b) the aggregate Letter of Credit Liability as of such date. 

“Proceedings” is defined in Section 7.9. 

“Proposed Amendment” is defined in Section 9.4. 

  
 33 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

“
PWM Advance Rate Percent” means,
 at any time, either (a) prior to the PWM Advance Rate Step-Up
Commencement Date, fifty percent (50%) or (b) on and after the PWM Advance Rate Step-Up Commencement Date, sixty-five percent (65%). 

“
PWM Advance Rate Step-Up Commencement
Date”
means the Business Day identified by the Primary Borrower in a written notice to the
Administrative Agent delivered at least two Business Days prior to such identified date. 

“PWM Investor” means an Investor that is a high net worth individual or an entity beneficially owned by, controlled
by, or otherwise associated with, a high net worth individual, including a “family office”. 
 “Qualified
Borrower” is defined in Section 2.9(a). 
 “Qualified Borrower Letter of Credit Note” is
defined in Section 2.9. 
 “Qualified Borrower Notes” means the Qualified Borrower Promissory
Notes and the Qualified Borrower Letter of Credit Notes, and “Qualified Borrower Note” means any one of them, as such note may be amended, restated, reissued, extended or modified. 

“Qualified Borrower Promissory Note” is defined in Section 2.9(d). 

“Qualified Purchaser” means a “qualified purchaser” within the meaning of Section 2(a)(51) of the
Investment Company Act and the rules and regulations promulgated thereunder, as amended to the date hereof and from time to time hereafter, and any successor act. 

“Rated Included Investor” means any Institutional Investor that satisfies the Applicable Requirement and has been
approved by the Administrative Agent in its reasonable discretion (but once approved, such approval may not be withdrawn except, for the avoidance of doubt, if such Investor becomes subject to an Exclusion Event). 

“Rating” means, for any Person, its senior unsecured debt rating (or, if a senior unsecured debt rating is not
available, the equivalent thereof, such as, but not limited to, a corporate credit rating, issuer rating/insurance financial strength rating (for an insurance company), general obligation rating or credit enhancement program (for a governmental
entity), or revenue bond rating (for an educational institution or a governmental entity)) from S&P or Moody’s. 

“Recallable Capital” means, for any Investor, at any time, any amounts distributed to such Investor that are subject
to recall as a Capital Contribution pursuant to the Guarantor’s Governing Documents. 
 “Recipient” means
(a) the Administrative Agent, (b) any Lender and (c) any Letter of Credit Issuer, as applicable. 
 “Reference
Time” with
 respect to any setting of the then-current Benchmark means (1) if such Benchmark is the LIBOR Rate,
11:00 a.m. (London time) on the day that is two London
banking days preceding the date of such setting, and (2) if such Benchmark is not the LIBOR Rate, the time determined by the Administrative Agent in its reasonable
discretion. 

  
 34 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

“
Register” is defined in Section 12.11(h). 

“Regulation D,” “Regulation T,” “Regulation U”, “Regulation
W” and “Regulation X” means Regulation D, T, U, W or X, as the case may be, of the Board of Governors of the Federal Reserve System, from time to time in effect, and shall include any successor or other
regulation relating to reserve requirements or margin requirements, as the case may be, applicable to member banks of the Federal Reserve System. 

“Release” means any release, spill, emission, leaking, pumping, injection, deposit, disposal, discharge, dispersal,
leaching, or migration of Hazardous Materials into the environment, including the movement of any Hazardous Material through or in the air, soil, surface water or groundwater. 

“Relevant Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve
Board and/or the Federal Reserve Bank of New York or any successor thereto. 

“Reliance Letter” means, with respect to any opinion, an executed letter from the issuer of such opinion to the
Secured Parties providing that the Secured Parties are permitted to rely on such opinion as if such opinion was addressed to them. 

“Request for Borrowing” is defined in Section 2.3(a). 

“Request for Letter of Credit” is defined in Section 2.8(b). 

“Required Lenders” means, at any time: (a) two or more unaffiliated Lenders (other than Defaulting Lenders)
holding an aggregate of more than fifty percent (50%) of the aggregate Commitments of all Lenders (other than Defaulting Lenders); or (b) at any time that the
AvailableMaximum
 Commitment is zero (0), two or more unaffiliated Lenders (other than Defaulting Lenders) who hold an aggregate of more than fifty percent (50%) of the Principal Obligations outstanding and payable to all
Lenders (other than Defaulting Lenders) at such time. 
 “Required Payment Time” means in immediately
available funds, as follows: (i) promptly, and in any event within two (2) Business Days to the extent such funds are available in the Collateral Accounts and not intended to be used for Anticipated Expenses (so long as after giving effect
to the reduction of such amounts for Anticipated Expenses, the sum of the Collateral that remains available in the Collateral Accounts and the aggregate Unfunded Capital Commitments is equal to or in excess of 175% of the Obligations outstanding at
such time (except as otherwise consented to by the Administrative Agent in its sole discretion)) or (ii) to the extent such funds (other than funds intended to be used for Anticipated Expenses) are not available in the Collateral Accounts,
within five (5) Business Days; provided, however, that if at any time prior to or during such five (5) Business Day period under clause (ii) above, the Guarantor makes an Investor Capital Call, then such
payment shall be made within ten (10) Business Days of the end of such two (2) Business Day period specified in clause (i) above (the “Prepayment Period”) and the Primary Borrower agrees that it shall apply
such funds for repayment immediately after the Investor Capital Contributions relating to such Investor Capital Calls are received. 

  
 35 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Requirement of Law” means, as to any Person, the certificate of
incorporation and by-laws or other organizational or governing documents of such Person, and any law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in
each case applicable or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK
Resolution Authority. 
 “Responsible Officer” means any personnel of the Investment Manager who is involved in the
administration of the Credit Agreement, in each case listed on Schedule III hereto, and his or her functional successors. 

“Responsible Party” means, for any Governmental Plan Investor: (a) if the state under which the Governmental Plan
Investor operates is obligated to fund the Governmental Plan Investor and is liable to fund any shortfalls, the state; and (b) otherwise, the Governmental Plan Investor itself. 

“Rollover” means the renewal of all or any part of any LIBOR Rate Loan upon the expiration of the Interest Period with
respect thereto, pursuant to Section 2.3. 
 “Rollover Notice” is defined in Section 2.3(h).

 “S&P” means S&P Global Ratings and any successor thereto. 

“Sanctioned Country” means any country or territory that is, or whose government is, the subject of comprehensive
sanctions administered or enforced by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, or Her Majesty’s Treasury (currently, Crimea, Cuba, Iran, North Korea and Syria). 

“Sanctioned Person” means (a) a Person named on the list of “Specially Designated Nationals and Blocked
Persons” maintained by OFAC available at http://www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx, or as otherwise published from time to time (and any comparable list negotiated by
the U.S. Department of State, the United Nations Security Council or the European Union), or any Person owned or controlled by such Person, (b) a person named on the Consolidated List of Financial Sanctions Targets maintained by Her
Majesty’s Treasury, or any Person owned or controlled by such Person; or (c) (i) an agency of the government of a Sanctioned Country, (ii) an organization controlled by a Sanctioned Country, or (iii) a Person located, organized
or resident in a Sanctioned Country. 
 “Sanctions” means any economic or financial sanctions or trade embargoes (or
similar measures) imposed, administered or enforced from time to time by (a) the United States of America (including the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State), (b) the United
Nations Security Council, (c) the European Union or any member state thereof, (d) Her Majesty’s Treasury of the United Kingdom, or (e) any other governmental authority having jurisdiction over any Credit Party or any of their
Affiliates. 

  
 36 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

“
Scheduled Reduction Date” means February 19, 2021. 

“Secured Parties” means, collectively, the Lenders and Agents, and “Secured Party” means any
of the foregoing. 
 “Securities Exchange Act” means the Securities Exchange Act of 1934, as amended to the date
hereof and from time to time hereafter, and any successor statute. 
 “Security Agreement” means a security
agreement, substantially in the form of Exhibit C hereto, made by the Guarantor, pursuant to which they charge, pledge and, as the case may be, assign by way of security or otherwise create a first priority, security interest and Lien in and on the
Collateral described therein in favor of the Administrative Agent (for the benefit of the Secured Parties) (subject to Permitted Liens), as the same may be amended, restated, modified or supplemented from time to time. 

“Side Letter” means any side letter executed by an Investor with the Guarantor with respect to such Investor’s
rights and/or obligations under its Subscription Agreement or Guarantor’s Governing Documents, as amended, restated, supplemented or otherwise modified from time to time. 

“SOFR”
means, with respect to any day meansBusiness Day, a
rate per annum equal to the secured overnight financing
rate for such Business Day published for such day by the
SOFR Administrator on the SOFR Administrator’s
 Website at approximately 8:00 a.m. (New York City time) on the immediately succeeding Business Day.  

“
SOFR Administrator” means
 the Federal Reserve Bank of New York, as the administrator of the benchmark (or a successor administrator),
on of the secured overnight financing rate). 

“
SOFR Administrator’s Website” means the website of the Federal Reserve Bank of
New York’s Website, currently
at http://www.newyorkfed.org, or any successor
source for the secured overnight financing rate identified as such by the SOFR Administrator from time to
time. 
 “Solvent” means, with respect to
(a) the Primary Borrower and (b) the Borrowers or the Guarantor taken together, in each case, as of any date of determination, that as of such date: 

(a) the fair value of the assets and the Unfunded Capital Commitments of the Primary Borrower or the Credit Parties taken together, in
each case, is greater than the total amount of liabilities, including contingent liabilities, of the Primary Borrower or the Credit Parties taken together, as applicable; 

(b) the fair value of the assets and the Unfunded Capital Commitments of the Primary Borrower or the Credit Parties taken together, in
each case, is not less than the amount that will be required to pay the probable liability of the Primary Borrower or the Credit Parties taken together, as applicable, on their debts as they become absolute and matured; 

  
 37 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (c) the Primary Borrower or the Credit Parties taken together, in each case, do not
intend to, and do not believe that they will, incur debts or liabilities beyond the ability of the Primary Borrower or the Credit Parties taken together, as applicable, to pay as such debts or liabilities become absolute and matured; and 

(d) the Primary Borrower or the Credit Parties taken together, in each case, are not engaged in a business or transaction, and are not
about to engage in a business or transaction, for which the assets and the Unfunded Capital Commitments of the Primary Borrower or the Credit Parties taken together, as applicable, would constitute unreasonably small capital. 

For the purposes of this definition, the amount of contingent liabilities (such as litigation, guarantees, and pension plan liabilities) at
any time shall be computed as the amount which, in light of all the facts and circumstances existing at the time, represents the amount which can be reasonably expected to become an actual or matured liability. 

“SOX” means Section 402 of the Sarbanes-Oxley Act of 2002 (codified as Section 13(k) of the Securities
Exchange Act of 1934, as amended). 
 “SOX Insiders” means the directors and executive officers (or equivalent
thereof) of the Primary Borrower or The Goldman Sachs Group, Inc. or any spouse thereof, in each case who, in the reasonable opinion of the Primary Borrower, constitutes “insiders” of the Primary Borrower or The Goldman Sachs Group, Inc.
for purposes of SOX from time to time. 
 “Sponsor” means, (a) for any ERISA Investor, a sponsor as that term
is understood under ERISA, specifically, the entity that established the plan and is responsible for the maintenance of the plan and, in the case of a plan that has a sponsor and participating employers, the entity that has the ability to amend or
terminate the plan, and (b) for any Endowment Fund Investor, the state chartered, “not-for-profit” university or college that has established such fund
for its exclusive use and benefit. As used herein, the term “not-for-profit” means an entity formed not for pecuniary profit or financial gain and for which no
part of its assets, income or profit is distributable to, or inures to the benefit of, its members, directors or officers. 

“Stated Maturity Date” means February
19, 2021,18,
2022, subject to the Borrowers’ extension of such date under Section 2.13. 

“Structuring Fee” has the meaning set forth in the Fee Letter. 

“Subscription Agreement” means with respect to any Investor, the “Subscription Agreement” (as defined in the
Guarantor’s Governing Documents) of such Investor substantially in the form attached as Exhibit K hereto (or otherwise reasonably acceptable to the Administrative Agent), as amended, amended and restated, supplemented or otherwise
modified from time to time. “Subscription Agreements” means, where the context requires, all Subscription Agreements, collectively. 

  
 38 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Subsidiary” of a Person means a corporation, partnership, joint
venture, limited liability company or other business entity of which a majority of the shares or other interests having ordinary voting power for the election of the board of directors or other governing body (other than securities or interests
having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. 

“Supermajority Lenders” means, at any time: (a) the Administrative Agent and either (b) two or more
unaffiliated Lenders (other than the Defaulting Lenders) holding an aggregate of more than sixty-six and two thirds percent (66 2/3%) of the aggregate Commitments of all Lenders (excluding the Commitments of
any Defaulting Lenders); or (c) at any time that the aggregate Commitments are equal to zero (0), two or more unaffiliated Lenders (other than the Defaulting Lenders) who hold an aggregate of more than
sixty-six and two thirds percent (66 2/3%) of the Principal Obligations outstanding to all Lenders (other than Defaulting Lenders) at such time. 

“Swap Agreements” means any swap, cap, collar, forward transaction, derivatives contemplated by the confidential
private placement memoranda of the Primary Borrower, the Guarantor or any arrangement similar to any of the foregoing, or any combination of any of the foregoing, entered into by a Borrower or the Guarantor or one of their respective Subsidiaries on
market terms (which may include the granting of a security interest and/or the posting of collateral) relating to currency exchange rates, interest rates, the value of publicly traded equities, private equities, debt securities or other credits
(whether single, a group or an index) or otherwise. 
 “Taxes” means all present or future taxes, levies, imposts,
duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Temporary Increase
Commitment” means the maximum
amount of Loans that any Temporary Increase Lender is committed to making under the Temporary Increase Tranche in accordance with this Credit Agreement as set forth under the heading “Temporary Increase Tranche Commitment” on Schedule II attached
hereto. 
 “Temporary Increase
Lender” means a Lender that has a
Temporary Increase Commitment. 
 “Temporary Increase
Loans” means Loans funded by the
Temporary Increase Lenders in accordance with this Credit Agreement. 
 “Temporary Increase
Tranche” means the tranche of the
temporary increase in the Maximum Commitment and each Temporary Increase Lender’s Commitment in an amount equal to the aggregate Temporary Increase Commitments of each Temporary Increase Lender.

 “Term SOFR”
means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. 

  
 39 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Threshold Amount” means $25,000,000. 

“Tranche”
 means the Primary Tranche and each Temporary Increase Tranche.  

“Transfer” means to assign, convey, exchange, sell, transfer or otherwise dispose. 

“Type of Loan” means an Alternate Base Rate Loan or a LIBOR Rate Loan. 

“UCC” means the Uniform Commercial Code as adopted in the State of New York and any other state from time to time,
which governs creation or perfection (and the effect thereof) of security interests in any Collateral. 
 “UK Financial
Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA
Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility
for the resolution of any UK Financial Institution. 
 “Unadjusted Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. 

“Uncalled Capital Commitment” means, with respect to any Investor at any time, such Investor’s “Undrawn
Commitment” (as defined in the Guarantor’s Governing Documents), including, without duplication, upon satisfaction of the Investor Returned Capital Condition only, Recallable Capital. 

“Unfunded Capital Commitment” means, with respect to any Investor at any time, such Investor’s Uncalled Capital
Commitment minus any portion of such Investor’s Uncalled Capital Commitment that is subject to a Pending Capital Call. 

“Unused Commitment Fee Rate” has the meaning set forth in the Fee Letter. 

“Unused Portion” is defined in Section 2.11. 

“U.S. Person” means any Person that is a “United States person” as
defined in Section 7701(a)(30) of the Internal Revenue Code. 
 “U.S. Tax
Compliance Certificate” is defined in Section 4.1(f). 
 “Withholding Agent” means each
Borrower and the Administrative Agent. 

  
 40 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Write-Down and Conversion Powers” means, (a) with respect to
any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and
conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of any UK Resolution Authority under the
Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that
liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that
liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. 

1.2 Other Definitional Provisions. 

(a) All terms defined in this Credit Agreement shall have the above-defined meanings when used in the Notes or any other Loan
Documents or any certificate, report or other document made or delivered pursuant to this Credit Agreement, unless otherwise defined in such other document. 

(b) Defined terms used in the singular shall import the plural and vice versa. 

(c) The words “hereof”, “herein”, “hereunder”, and similar terms when used in this Credit
Agreement shall refer to this Credit Agreement as a whole and not to any particular provisions of this Credit Agreement. 

(d) “Including” and similar terms shall be deemed to be followed by “without limitation” unless in fact
followed by “without limitation” or a similar term. 
 (e) In the computation of periods of time from a specified
date to a later specified date, 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”. 
 1.3 Times of Day. Unless otherwise specified in the Loan Documents, time references are to time in the City of
New York, New York. 
 1.4 Schedules and Exhibits, Sections. All references in this Credit Agreement to any Schedule or Exhibit
hereto shall mean such Schedule or Exhibit, as applicable, as the same may be amended, amended and restated, supplemented, replaced or otherwise modified from time to time in accordance with the terms of this Credit Agreement. Each of the Schedules
and Exhibits to this Credit Agreement may be modified from time to time as matters set forth in such Schedule or Exhibit, as applicable, are updated or modified in accordance with the terms of this Credit Agreement. All references in this Credit
Agreement to any Section shall, unless the context requires otherwise, refer to Sections of this Credit Agreement. 
 1.5 References to
Agreements, Laws, Etc. Unless otherwise expressly provided herein, (a) references to Constituent Documents, agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments,
restatements, extensions, supplements and other modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements and other modifications are permitted by any Loan Document and (b) references to any Law
shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting such Law. 

  
 41 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 1.6 Agency Provisions. Section 11 of this Credit Agreement and all
references in this Credit Agreement to Section 11 (including all rights, interests, duties and obligations of the Administrative Agent in such capacity hereunder) shall only become effective on and after the date on which another Lender
(other than HSBC) becomes party to this Credit Agreement in accordance with the terms hereof. Until such time, all references herein to the Administrative Agent and all related rights, interests, duties and obligations thereof shall be deemed to
belong to and/or be a reference to HSBC, but in its capacity as the sole Lender hereunder; unless such reference to the Administrative Agent relates to the rights, interests, duties and obligations contained in Sections 2.1(d)(xii),
2.3, 2.13, 3, 4, 5 or 11, which, in such case, shall be deemed to belong to and/or be a reference to HSBC, solely in its capacity as the Administrative Agent. 

1.7 Interest Rates. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, (ain
respect of (a) the monitoring, determination or verification of the unavailability or cessation of the
LIBOR Rate (or other applicable Benchmark), (b) the administration of, submission of or any other matter related to the LIBOR Rate, any component definition thereof or rates referencereferenced
 in the definition thereof or any alternative, comparable or successor rate
or adjustment thereto (including any then-current benchmark rateBenchmark,
any Benchmark Replacement or any Benchmark Replacement
Adjustment), including whether the composition or characteristics of any such alternative, comparable or successor rate or adjustment (including any Benchmark Replacement or any Benchmark Replacement Adjustment) will be similar to, or produce
the same value of economic equivalence of, the LIBOR Rate, any other Benchmark or any Benchmark Replacement Adjustment, or
(bc) the effect, implementation or composition of any Benchmark Replacement Conforming Changes. 

Section 2. REVOLVING CREDIT LOANS 

2.1 The Commitment. 

(a) Committed Amount. Subject to the terms and conditions herein set forth, the Lenders agree, during the Commitment
Period: (i) to extend to the Borrowers a revolving line of credit and (ii) to participate in Letters of Credit issued by the Letter of Credit Issuer for the account of the Borrowers, in each case in Dollars. 

(b) Limitation on Borrowings and Re-borrowings. Except as provided in clause
(c) below, the Lenders shall not be required to advance any Borrowing, Conversion or Rollover or cause the issuance or extension of any Letter of Credit hereunder if: 

(i) after giving effect to such Borrowing, Conversion or Rollover or issuance or extension of such Letter of Credit, the
Principal Obligations would exceed the Available Commitment;
(ii) after giving effect to such Borrowing, Conversion or Rollover or issuance or extension of such Letter of
Credit, the Principal Obligations under the Temporary Increase Tranche would exceed the Temporary Increase Commitments; and/or  

  
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(ii)
 (iii) an Event of Default or, in the case of any Borrowing to the knowledge of the
Administrative Agent or the actual knowledge of any Responsible Officer of any Credit Party, a Default exists. 
 (c)
Exceptions to Limitations. Conversions to Alternate Base Rate Loans shall be permitted in the case of clauses (i), and (ii) and (iii) of Section 2.1(b) above, in
each case, unless the Administrative Agent has otherwise accelerated the Obligations or exercised other rights that terminate the Commitments under Section 10.2. 

(d) Exclusion Events. If any of the following events (each, an “Exclusion Event”) shall occur
with respect to any Included Investor (or, if applicable, the Sponsor, Responsible Party, or Credit Provider of such Included Investor), (whatever the reason for such event and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of
any administrative or governmental body) (such Investor hereinafter referred to as an
“Excluded Investor”), such Investor shall no longer be an Included Investor until such time as (x) in the case of any Institutional Investor, the Primary Borrower shall have submitted a written request to
restore such Investor as an Included Investor along with evidence to the reasonable satisfaction of the Administrative Agent and the Required Lenders that such Exclusion Event has been cured in full, to which the Administrative Agent and the
Required Lenders agree to promptly respond with written notice of their decision as to whether to consent to such Investor’s being restored as an Included Investor (such consent not to be unreasonably withheld) and (y) all Exclusion Events
in respect of such Investor shall have been cured to the reasonable satisfaction of the Administrative Agent: 
 (i)
it shall, to the actual knowledge of any Responsible Officer: (A) apply for or consent to the appointment of a receiver, trustee, custodian, intervenor, or liquidator of itself or of all or a substantial part of its assets; (B) file a
voluntary petition as debtor in bankruptcy or admit in writing that it is unable to pay its debts as they become due; (C) make a general assignment for the benefit of creditors; (D) file a petition or answer seeking reorganization or an
arrangement with creditors or take advantage of any Debtor Relief Laws; (E) file an answer admitting the material allegations of, or consent to, or default in answering, a petition filed against it in any proceeding under any Debtor Relief
Laws; or (F) take personal, partnership, limited liability company, corporate or trust action, as applicable, for the purpose of effecting any of the foregoing; 

(ii) to the actual knowledge of any Responsible Officer (A) an involuntary case or other proceeding shall be
commenced against it, seeking liquidation, reorganization or other relief with respect to it or its debts under any proceeding under any Debtor Relief Laws or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar
official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain 

  
 43 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 undismissed and unstayed for a period of sixty (60) days; or (B) an order, order
for relief, judgment, or decree shall be entered by any court of competent jurisdiction or other competent authority approving a petition seeking such Investor’s (or its Sponsor, Responsible Party or Credit Provider, as applicable)
reorganization or appointing a receiver, custodian, trustee, intervenor, or liquidator of such Person or of all or substantially all of its assets and such order, judgment, or decree shall continue unstayed and in effect for a period of sixty
(60) days, or an order for relief shall be entered in respect of such Person in a proceeding under the United States Bankruptcy Code; 

(iii) to the actual knowledge of any Responsible Officer, such Investor is an Affiliate of HSBC; 

(iv) such Investor shall be in default (other than as set forth in clauses (v) or (vii) below) and continue to be in
default for at least twelve (12) Business Days under the Subscription Agreement and Guarantor’s Governing Documents and the Guarantor shall have declared such Investor in default under or repudiate or otherwise disaffirm any material
provision of the Guarantor’s Governing Documents, its Subscription Agreement, or its Side Letter or inform the Guarantor of its inability to make Investor Capital Contributions with respect to its Unfunded Capital Commitment or pursuant to an
Investor Capital Call; 
 (v) other than in connection with an Investment Exclusion Event, such Investor shall fail to
make an Investor Capital Contribution within twelve (12) Business Days after the date such Investor Capital Contribution was initially due (without regard to any cure or notice periods); 

(vi) to the actual knowledge of a Responsible Officer, any final judgment or decree which in the aggregate exceeds fifteen
percent (15%) of the net worth of such Investor shall be rendered against such Person, and any such judgment or decree shall not be discharged, paid, bonded, stayed or vacated within sixty (60) days; 

(vii) any representation or warranty made by such Investor under its Subscription Agreement or Side Letter shall prove to be
untrue or inaccurate in any material respect, as of the date on which such representation or warranty is made and, if such circumstances are curable, such circumstances remain uncured for thirty (30) calendar days after the earlier of
(A) the Administrative Agent’s delivery of notice thereof to the Borrowers and (B) a Responsible Officer of the Guarantor’s actual knowledge of such circumstance; 

(viii) such Investor shall Transfer its interests in the Guarantor in violation of this Credit Agreement and be released
from its obligation under the Guarantor’s Governing Documents to make Investor Capital Contributions, provided that, if such Investor shall Transfer less than all of its membership interests in the Guarantor, only the Transferred portion
shall be subject to exclusion; 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (ix) it shall, to the actual knowledge of any Responsible Officer of the
Guarantor, encumber its interest in the Guarantor and the related Lien holder shall commence the exercise of remedies with respect to such interest; 

(x) such Investor shall deliver notice of withdrawal or shall withdraw, retire or resign from the Guarantor, or have its
shares of capital stock repurchased by the Guarantor; 
 (xi) the Guarantor suspends, cancels, reduces, excuses,
terminates or abates the Unfunded Capital Commitment of such Investor without the prior written consent of the Administrative Agent and the Required Lenders, including as a result of an Investment Exclusion Event, or a Responsible Officer of the
Guarantor knows that an Investor will be excused or excluded from participating in a particular Portfolio Investment which is being acquired in whole or in part by Loans or Letters of Credit under the Credit Facility; provided,
however, that to the extent such suspension, cancellation, reduction, excuse, termination or abatement relates solely to a portion of such Investor’s Unfunded Capital Commitment, such Investor shall continue to be an Included Investor
with respect to that portion of its Unfunded Capital Commitment not suspended, cancelled, reduced, excused, terminated or abated; 

(xii) the Administrative Agent ceases to have a perfected first-priority security interest in the Unfunded Capital
Commitment of such Investor (subject to Permitted Liens); 
 (xiii) such Investor becomes a Sanctioned Person; 

(xiv) such Investor shall fail to be in Good Standing; 

(xv) (A) any Investor alters, amends or otherwise modifies its Side Letter and such changes are unacceptable in form and
substance to the Administrative Agent in its sole discretion because amended or changed provisions could reasonably be expected to materially and adversely affect the Administrative Agent and the Lenders or (B) an Investor’s Side Letter
picks up a provision from another’s Investor’s Side Letter via a “most favored nations” clause, which materially and adversely affects the Administrative Agent and the Lenders, in each case in the Administrative Agent’s sole
discretion; 
 (xvi) to the actual knowledge of a Responsible Officer, in the case of a
Non-Rated Included Investor or Designated Investor, it shall fail to maintain a net worth (determined in accordance with Generally Accepted Accounting Principles), measured at the end of each fiscal year of
such Investor, of at least seventy-five percent (75%) of the net worth of such Investor, Sponsor, Responsible Party, or Credit Provider as provided on its most recently available financial statements on the date of its initial designation as an
Included Investor; provided that, the Administrative Agent shall conduct a reasonable review of such 

  
 45 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Investor and shall, after consultation with the applicable Borrower, make a determination in
its sole discretion whether or not such Investor shall remain an Included Investor; provided, further that, if such Investor thereafter regains its net worth (determined in accordance with Generally Accepted Accounting Principles) and
has a net worth of at least seventy-five percent (75%), as determined pursuant to this clause 
 (xvi), such Investor shall
be automatically be restored to its original status as an Included Investor; 
 (xvii) in the case of any Institutional
Investor, which does not have publicly available financial information, the Administrative Agent is unable (after giving the Borrowers thirty (30) days written notice thereof) to obtain annual updated financial information for such Investor,
within one hundred twenty (120) days following the end of the applicable fiscal year of such Investor; 

(xviii) in the case of each Investor that is a Rated Included Investor, a Responsible Officer of the Guarantor or
Administrative Agent has knowledge that such Investor has failed to maintain the Applicable Requirement for such Investor required in the definition of “Applicable Requirement” in Section 1.1; and 

(xix) with respect to any ERISA Investor who is otherwise an Included Investor, a voluntary or involuntary proceeding
shall have been commenced to terminate such investor (including the provision of any notice of intent to terminate) or a “reportable event” (notice of which has not been waived by the PBGC) shall have occurred pursuant to ERISA with
respect to such ERISA Investor. 
 Any Excluded Investor that is a PWM Investor may be automatically replaced in the Borrowing Base by a new
or existing PWM Investor that complies with the requirements set forth in the definition of “Included Investor”. 

(e) Mandatory Prepayment. The Borrowers shall make a mandatory prepayment: 

(i) to the extent that the Principal Obligations exceeds the Available Commitment (including, without limitation, as a result
of an Exclusion Event); and
(ii) to the extent that the Principal Obligations with respect to the Temporary Increase Tranche exceed the Temporary Increase Commitments (including, without limitation,
as a result of an Exclusion Event); or 
 (ii) (iii) to the extent that such mandatory prepayment is required pursuant to the terms of the Governing
Documents or other Constituent Documents of the Credit Parties. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Each such prepayment shall be made in such amount as will put the Borrowers in compliance
with this Section 2.1(e) and shall be made by the Required Payment Time. Notwithstanding the foregoing, if any excess calculated pursuant to this Section 2.1(e) is attributable to undrawn Letters of Credit, the Borrowers may
Cash Collateralize such excess with the Administrative Agent in lieu of prepaying Loans, when required pursuant to the terms of this Section 2.1(e), as security for such portion of the Obligations. Unless otherwise required by law, upon:
(i) a change in circumstances such that the circumstances described in clause (i), or (ii) or (iii) above no longer exist; or (ii) the full and final payment of the Obligations (other than contingent Obligations
that have not been asserted), the Administrative Agent shall return to the Borrowers any amounts remaining in the applicable account. 

Notwithstanding anything in this Section 2.1(e) to the contrary, in the event a mandatory prepayment has been triggered pursuant
to clause (i),
or
(ii) or (iii) of this Section 2.1(e), neither the Borrowers nor the Guarantor
will withdraw funds from the Collateral Accounts (with respect to amounts that constitute part of the Collateral), unless, after giving effect to such withdrawal, sufficient funds remain on deposit in the Collateral Accounts (less any amounts which
do not constitute part of the Collateral) to satisfy the Borrowers’ or Guarantor’s payment obligation at the end of the Prepayment Period with respect to the related mandatory prepayment; provided that, subject to Section 9.12,
nothing herein shall prevent the Borrowers from withdrawing amounts from the Collateral Accounts that were deposited in or credited to the Collateral Account prior to the time when the mandatory prepayment obligation specified in this subparagraph
was so triggered, so long as such amounts being withdrawn by the Borrowers or Guarantor are withdrawn within five (5) Business Days of the date when such mandatory prepayment was triggered and which are used to pay an Anticipated Expense which
was committed to by the Borrowers or Guarantor prior to the date such mandatory prepayment was triggered. 

2.2 Revolving Credit Commitment. On the terms set forth herein and subject to the applicable conditions set forth in
Section 2.1(b) and Section 6, each Lender severally agrees, on any Business Day during the Commitment Period, to make Loans to the Borrowers at any time and from time to time in an aggregate principal amount at any one time
outstanding ofequal
to such Lender’s Commitment at any such time; provided that, after making any such Loan: (a) such Lender’s Lender Pro Rata Share of the Principal Obligations under the Primary Tranche funded by it would not exceed such Lender’s Commitment under the Primary Tranche; (b) such Lender’s Lender Pro Rata Share of the Principal Obligations under the Temporary Increase Tranche funded by it would not exceed such Lender’s Commitment under the Temporary Increase Tranche; and
(c; and (b) the Principal Obligations would
not exceed the Available Commitment. Subject to the foregoing limitations, the applicable conditions set forth in Section 6 and the other terms and conditions hereof, the Borrowers may borrow, repay without penalty or premium, and re-borrow hereunder, during the Commitment Period. Each Borrowing pursuant to this Section 2.2 shall be funded ratably by each Lender in accordance with its Lender Pro Rata Share with respect to the applicable Tranche (but subject to Section 2.3(f) and Section 2.16
). No Lender shall be obligated to fund any Loan if the interest rate applicable thereto under Section 2.6(a) would exceed the Maximum Rate in effect with respect to such
Loan. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 2.3 Manner of Borrowing. 

(a) Request for Borrowing. Each Borrowing hereunder shall be made by one or more Borrowers. The applicable Borrower(s)
shall give the Administrative Agent notice by telephone, facsimile or electronic mail of the date of each requested Borrowing hereunder, which notice if by telephone shall be confirmed in writing (a “Request for Borrowing”),
substantially in the form of Exhibit E hereto, and which notice shall be effective upon receipt by the Administrative Agent. Each Request for Borrowing: (i) shall be furnished to the Administrative Agent no later than 11:00 a.m. (New York time)
at least three (3) Business Days prior to the requested date of the Borrowing with respect to a LIBOR Rate Loan; (ii) shall be furnished to the Administrative Agent no later than 11:00 a.m. (New York time) on the requested date of the
Borrowing with respect to an Alternate Base Rate Loan; and (iii) must specify: (A) the amount of such Borrowing; (B) the Interest Option; (C) the Interest Period for LIBOR Rate Loans, if applicable; (D) the currency as
Dollars; and (E) the date of such Borrowing, which shall be a Business Day. Any Request for Borrowing received by the Administrative Agent after 11:00 a.m. (New York time) in respect of a LIBOR Rate Loan or 11:00 a.m. in respect of an Alternate
Base Rate Loan shall be deemed to have been given by the applicable Borrower(s) on the next succeeding Business Day. Each Request for Borrowing submitted by a Borrower shall be deemed to be a representation and warranty that the conditions specified
in Sections 6.1 (with respect to the initial advance under this Credit Agreement), 6.2, and if applicable, 6.3 have been satisfied on and as of the date of the applicable Borrowing. No Request for Borrowing shall be valid
hereunder for any purpose unless it shall have been accompanied or preceded by the information and other documents required to be delivered in accordance with this Section 2.3. 

(b) Further Information. Each Request for Borrowing shall be accompanied or preceded by: (i) a Borrowing Base
Certificate dated the date of such Request for Borrowing; and (ii) such documents as are required to satisfy any applicable conditions precedent as provided in Sections 6.1 (with respect to the initial advance under this Credit
Agreement), 6.2, and if applicable, 6.3 (with respect to the initial advance under this Credit Agreement to each Qualified Borrower). 

(c) Notification of Lenders. The Administrative Agent will promptly notify each applicable Lender under the applicable Tranche of the Administrative Agent’s receipt of any Request for Borrowing. 

(d) Irrevocability of Requests for Borrowing. Requests for Borrowings shall be irrevocable and binding on the Borrowers.

 (e) Lender’s Commitment. Each applicable Lender shall make such Loan in accordance with its Lender Pro Rata Share with respect to the applicable Tranche (but subject to Section 2.3(f) and Section 2.16
). Notwithstanding anything contained in this Section 2.3(e) or elsewhere in this Credit Agreement to the contrary, no Lender shall be obligated to provide the
Administrative Agent or any Borrower with funds in connection with a Loan in an amount that would result in the Loans then funded by it plus such Lender’s Lender Pro Rata Share of the Letter of Credit Liability exceeding its Commitment then in
effect. The obligation of each Lender to remit its Lender Pro Rata Share of any such Loan requested of it shall be several from that of each other Lender, and the failure of any Lender to so make such amount available to the Administrative Agent
shall not relieve any other Lender of its obligation hereunder. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (f) Defaulting Lender. If, by 3:00 p.m. on any funding date, one or
more Lenders (each Lender other than any Defaulting Lender being referred to as a “Non-Defaulting Lender”) fails to make its share of any Loan available to the Administrative Agent
pursuant to Section 2.5 (the aggregate amount not so made available to the Administrative Agent being herein called the “Loan Deficit”), then the Administrative Agent shall, by no later than 3:30 p.m. on the
applicable funding date instruct each Non-Defaulting Lender to pay, by no later than 4:00 p.m. on such date, in immediately available funds, to the Administrative Agent an amount equal to the lesser of:
(i) such Non-Defaulting Lender’s proportionate share (based upon the relative Commitments under the applicable
Tranche of the Non-Defaulting Lenders) of the Loan Deficit; and (ii) its unused Commitment. A Defaulting Lender shall forthwith, upon demand, pay
to the Administrative Agent for the ratable benefit of the Non-Defaulting Lenders all amounts paid by each Non-Defaulting Lender on behalf of such Defaulting Lender,
together with interest thereon, for each day from the date a payment was made by a Non-Defaulting Lender until the date such Non-Defaulting Lender has been paid such
amounts in full, at a rate per annum equal to the Default Rate (but without duplication of any amounts paid by
the Borrower with respect thereto). 
 (g) [Reserved.]

 (h) Rollovers. No later than 11:00 a.m. (New York time) at least three (3) Business Days prior to the termination
of each Interest Period (other than the Interest Period ending on the Stated Maturity Date) related to a LIBOR Rate Loan, the Borrower(s) shall give the Administrative Agent notice by telephone, facsimile or electronic mail, which notice if by
telephone shall be confirmed in writing, substantially in the form of Exhibit F attached hereto (the “Rollover Notice”) whether it desires to renew such LIBOR Rate Loan. The Rollover Notice shall also specify the
length of the Interest Period selected by the Borrower(s) with respect to such Rollover. Each Rollover Notice shall be effective upon notification thereof to the Administrative Agent. Each Rollover Notice shall be irrevocable. If the applicable
Borrower(s) fails to timely give the Administrative Agent the Rollover Notice with respect to any LIBOR Rate Loan, such Borrower(s) shall be deemed to have elected to renew such Loan as a LIBOR Rate Loan with an Interest Period of one (1) month
commencing on the expiration of the preceding Interest Period. 
 (i) Conversions. The Borrower(s) shall have the
right, with respect to: (i) any Alternate Base Rate Loan, on any Business Day (a “LIBOR Rate Conversion Date”), to convert such Alternate Base Rate Loan to a LIBOR Rate Loan; and (ii) any LIBOR Rate Loan, on any
Business Day (an “Alternate Base Rate Conversion Date”) to convert such LIBOR Rate Loan to an Alternate Base Rate Loan; provided that the Borrower(s) shall, on such Alternate Base Rate Conversion Date, make the
payments required by Section 4.5, if any; in either case, by giving the Administrative Agent notice by telephone, facsimile or electronic mail, which notice if by telephone shall be confirmed in writing, substantially in the form of
Exhibit F attached hereto (a “Conversion Notice”) of such selection no later than at least either (x) 11:00 a.m. (New York time) two (2) Business Days prior to such LIBOR Rate Conversion Date, or (y) 11:00 a.m. (New
York time) on such Alternate Base Rate Conversion Date, as applicable. Each Conversion Notice shall be effective upon notification thereof to the Administrative Agent and shall be irrevocable. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (j) Tranches. Notwithstanding anything to the contrary contained
herein, no more than ten (10) LIBOR Rate Loans may be outstanding hereunder at any one time during the Commitment Period. 

(k) Administrative Agent Notification of the Lenders. The Administrative Agent shall promptly notify each applicable Lender with
respect to the applicable Tranche (and will use good faith efforts to make such notification on the day such notice is timely received from the applicable Borrower(s)) of the receipt of a
Request for Borrowing, a Conversion Notice or a Rollover Notice, the amount of the Borrowing and the amount of such Lender’s Lender Pro Rata Share of the applicable Loans, the date the Borrowing is to be made, the Interest Option selected, the
Interest Period selected, if applicable, and the applicable rate of interest. 
 2.4 Minimum Loan Amounts. Each
Loan shall be in an aggregate amount that is an integral multiple of $50,000 and not less than $250,000; provided that an Alternate Base Rate Loan may be in an aggregate amount that is equal to the entire unused balance of the total
Commitments or that is required to finance the reimbursement of a Letter of Credit under Section 2.8(e). 
 2.5
Funding. Subject to the fulfillment of all applicable conditions set forth in Section 6 of this Credit Agreement, (a) by no later than 2:00 p.m. (New York time), on the date specified in the related Request for
Borrowing as the borrowing date, each Lender shall wire the proceeds of its ratable share of each Borrowing to the Administrative Agent at the account designated in writing by the Administrative Agent, in immediately available funds, and (b) by
no later than 3:00 p.m. (New York time), on such date, the Administrative Agent shall (i) if the account specified in the related Request for Borrowing is maintained with the Administrative Agent, deposit such proceeds, in immediately available
funds, into such account, and otherwise, (ii) initiate a wire transfer of such proceeds to the account specified in the related Request for Borrowing. The failure of any Lender to advance the proceeds of its Lender Pro Rata Share of any
Borrowing required to be advanced hereunder shall not relieve any other Lender of its obligation to advance the proceeds of its Lender Pro Rata Share of any Borrowing required to be advanced hereunder. Absent contrary written notice from a Lender,
the Administrative Agent may assume that each Lender has made its Lender Pro Rata Share of the requested Borrowing available to the Administrative Agent on the applicable borrowing date, and the Administrative Agent may, in reliance upon such
assumption (but is not required to), make available to the applicable Borrower(s) a corresponding amount. If a Lender fails to make its Lender Pro Rata Share of any requested Borrowing available to the Administrative Agent on the applicable
borrowing date, then the Administrative Agent may recover the applicable amount on demand: (a) from such Lender, together with interest at the Federal Funds Rate for the period commencing on the date the amount was made available to the
applicable Borrower(s) by the Administrative Agent and ending on (but excluding) the date the Administrative Agent recovers the amount from such Lender; or (b) if such Lender fails 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 to pay such amount within three (3) Business Days of the Administrative Agent’s
demand and the Non-Defaulting Lenders have not made such amount available pursuant to Section 2.3(f), then from the Borrowers by the Required Payment Time, together with interest at a rate per
annum equal to the rate applicable to the requested Borrowing for the period commencing on the borrowing date and ending on (but excluding) the date the Administrative Agent recovers the amount from the Borrowers. The liabilities and obligations
of each Lender hereunder shall be several and not joint, and neither the Administrative Agent nor any Lender shall be responsible for the performance by any other Lender of its obligations hereunder. Any payment by a Borrower shall be without
prejudice to any claim any such Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. Each Lender hereunder shall be liable to the Borrower(s) only for the amount of its respective Commitment.

 2.6 Interest. 

(a) Interest Rate. Each Loan funded by a Lender shall accrue interest at a rate per annum equal to:
(i) with respect to LIBOR Rate Loans, the Adjusted LIBOR Rate for the applicable Interest Period and (ii) with respect to Alternate Base Rate Loans, the Alternate Base Rate in effect from day to day. At any time, each Loan shall have only
one Interest Period and, where applicable, one Interest Option. 
 (b) Change in Rate; Past Due Amounts; Calculations of
Interest. Each change in the rate of interest for any Borrowing consisting of Alternate Base Rate Loans shall become effective, without prior notice to the Credit Parties, automatically as of the opening of business of the Administrative Agent
on the date of said change. Interest on the unpaid principal balance of (i) each LIBOR Rate Loan and each Alternate Base Rate Loan (other than when the Alternate Base Rate is calculated based off of the Prime Rate) shall be calculated on the
basis of the actual days elapsed in a year consisting of 360 days and (ii) each Alternate Base Rate Loan, only when the Alternate Base Rate is calculated based off the Prime Rate, shall be calculated on the basis of the actual days elapsed in a
year consisting of 365 or 366 days, as the case may be. If any principal of, or interest on, the Obligations is not paid when due (whether at stated maturity, by acceleration, by mandatory prepayment or otherwise), then (in lieu of the interest rate
provided in Section 2.6(a) above) all such overdue Obligations shall bear interest at the Default Rate. Interest shall accrue on each Loan from 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 3.4, bear interest for one day. 

2.7 Determination of Rate and Billing. The Administrative Agent shall calculate each interest rate applicable to the
LIBOR Rate Loans and Alternate Base Rate Loans hereunder in accordance with the terms of this Credit Agreement. The Administrative Agent shall give prompt notice to the Borrowers and to the Lenders of each rate of interest so determined, and the
determination thereof shall be conclusive and binding in the absence of manifest error. The Administrative Agent will bill the Borrowers on behalf of all Lenders with respect to interest on the Loans. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 2.8 Letters of Credit. 

(a) Letter of Credit Commitment. Subject to the terms and conditions hereof, on any Business Day during the Commitment
Period, the Letter of Credit Issuer shall issue such Letters of Credit in Dollars and in such aggregate face amounts as the Borrowers may request; provided that: (i) on the date of issuance, (A) the Principal Obligations (after giving effect to the issuance of any such Letter of Credit) will not
exceed the Available Commitment and (B) the Principal Obligations (after giving effect to the issuance of any such Letter of Credit) under the Temporary Increase Tranche, will not exceed the Temporary
Increase Commitments, in each case, as of such date; (ii) the Letter of Credit Liability will not exceed the Letter of Credit Sublimit; (iii) each Letter of Credit shall be in a
minimum amount of $100,000 (or such lesser amount as the Administrative Agent and Letter of Credit Issuer agree in writing); (iv) the expiry date of the Letter of Credit shall not be later than (A) twelve (12) months after the date of issuance
(subject to automatic renewal for additional one year periods pursuant to the terms of the Letter of Credit Application or other documentation reasonably acceptable to the Letter of Credit Issuer) with the Letter of Credit Issuer’s consent, in
its sole discretion, or (B) thirty (30) days prior to the Stated Maturity Date or the Scheduled Reduction Date, as applicable, or, if the Borrowers comply with Section 2.8(i), within one (1) year after the Stated Maturity Date or
the Scheduled Reduction Date, as applicable; (v) each Letter of Credit shall be subject to the Uniform Customs and/or ISP98, as set forth in the Letter of Credit Application or as
determined by the Letter of Credit Issuer and, to the extent not inconsistent therewith, the laws of the State of New York; and (vi) the Letter of Credit Issuer shall be under no obligation to issue or extend any Letter of Credit if, after the
Closing Date (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the Letter of Credit Issuer from issuing such Letter of Credit, or any applicable Law applicable to the
Letter of Credit Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the Letter of Credit Issuer shall prohibit, or request that the Letter of Credit Issuer refrain from,
the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the Letter of Credit Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement (for which the Letter of Credit
Issuer is not otherwise compensated hereunder) not in effect on the Closing Date or shall impose upon the Letter of Credit Issuer any unreimbursed loss, cost or expense which was not applicable on the Closing Date and which the Letter of Credit
Issuer in good faith deems material to it, (B) the Borrowers have not provided the information necessary for the Letter of Credit Issuer to complete the form of Letter of Credit or (C) the issuance or extension of such Letter of Credit
would violate applicable Law or one or more policies of the Letter of Credit Issuer. 
 (b) Request. Each
request for a Letter of Credit (a “Request for Letter of Credit”) shall be submitted to the Administrative Agent in the form attached hereto as Exhibit P (with blanks appropriately completed in conformity herewith),
together with a Letter of Credit Application and a Borrowing Base Certificate, for the Letter of Credit Issuer, on or before 11:00 a.m. at least three (3) Business Days prior to the requested date 

  
 52 

  

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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
of issuance of such Letter of Credit. The Administrative Agent shall notify each Lender of such Request for Letter of Credit and the terms of the requested Letter of Credit. Upon each such
application, the Borrowers shall be deemed to have automatically made to the Administrative Agent, each Lender, and the Letter of Credit Issuer the following representations and warranties: 

(i) As of the date of the issuance of the Letter of Credit requested, the representations and warranties set forth herein and
in the other Loan Documents are true and correct in all material respects on and as of the date of such issuance, with the same force and effect as if made on and as of such date (except to the extent that such representations and warranties
expressly relate to an earlier date); 
 (ii) After giving effect to the issuance of the requested Letter of Credit, as of
the date of the issuance of the Letter of Credit requested, the Letter of Credit Liability will not exceed the Available Commitment minus the Principal Obligations as of such date, and the Letter of Credit Liability will not exceed the Letter of
Credit Sublimit; and 
 (iii) All conditions precedent in Section 6.2 hereof that are relevant to the
issuance of such Letter of Credit will be satisfied as of the date of issuance. 
 (c) Request for Letter of Credit
Revocable. Each Letter of Credit hereunder shall be issued on behalf of a Borrower. Each Request for Letter of Credit completed and signed by the applicable Borrower(s) in accordance with Section 2.8(b) hereof shall be revocable by
such Borrower so long as such revocation is received by the Administrative Agent and Letter of Credit Issuer prior to the actual issuance of the requested Letter of Credit by the Letter of Credit Issuer; provided that the Borrowers shall
indemnify the Letter of Credit Issuer against any loss or expense (other than loss of margin or spread) actually and reasonably incurred by such Letter of Credit Issuer, either directly or indirectly, as a result of such revocation or any failure by
the specified beneficiary of such Letter of Credit to accept such Letter of Credit, including, without limitation, any loss or expense (other than loss of margin or spread) reasonably incurred by the Letter of Credit Issuer, either directly or
indirectly by reason of the liquidation or reemployment of funds acquired by the Letter of Credit Issuer in order to issue such Letter of Credit except to the extent such loss or expense is due to the gross negligence or willful misconduct of the
Letter of Credit Issuer. A certificate of the Letter of Credit Issuer setting forth the amount of any such cost, loss or expense, and the basis for the determination thereof and the calculation thereof, shall be delivered to the applicable
Borrower(s) and shall, in the absence of a manifest error, be conclusive and binding. 
 (d) Participation by the
Lenders. Each Lender shall and does hereby participate ratably with the Letter of Credit Issuer in each Letter of Credit issued and outstanding hereunder to the extent of its Lender Pro Rata Share under the applicable Tranche of the Letter of Credit Liability with respect to each such Letter of Credit, and
shall share in all rights and obligations resulting therefrom, including, without limitation: (i) the right to receive from the Administrative Agent its Lender Pro Rata Share under the applicable Tranche of any reimbursement of the amount of each draft drawn under each 

  
 53 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Letter of Credit, including any interest payable with respect thereto; (ii) the right to
receive from the Administrative Agent its Lender Pro Rata Share under the applicable Tranche of the Letter of
Credit fee pursuant to Section 2.15; (iii) the right to receive from the Administrative Agent its additional costs pursuant to Section 4.1; and (iv) the obligation to pay to the Administrative Agent or the Letter of
Credit Issuer, as the case may be, in immediately available funds, its Lender Pro Rata Share under the applicable Tranche of any unreimbursed drawing under a Letter of Credit. 
 (e) Payment of Letter
of Credit. In the event of any drawing under any Letter of Credit, the Borrowers agree to reimburse (either with the proceeds of a Loan as provided for in this Section 2.8 or with funds from other sources), in immediately available
funds in the applicable currency, the Letter of Credit Issuer on each date on which the Letter of Credit Issuer notifies the Borrowers of the date and amount of a draft paid under any Letter of Credit for the amount of such draft so paid and any
amounts representing interest, reasonable costs, and expenses or fees incurred by the Letter of Credit Issuer in connection with such payment. Unless the Borrowers shall immediately notify the Letter of Credit Issuer that the Borrowers intend to
reimburse the Letter of Credit Issuer for such drawing from other sources or funds, the Borrowers shall be deemed to have timely given a Request for Borrowing to the Administrative Agent and the Borrowers hereby authorize, empower, and direct the
Administrative Agent, for the benefit of the Secured Parties and the Letter of Credit Issuer, to disburse directly, as a Borrowing hereunder, to the Letter of Credit Issuer, with notice to the Borrowers, in immediately available funds an amount
equal to the stated amount of each draft drawn under each Letter of Credit plus all interest, costs and expenses, and fees due to the Letter of Credit Issuer pursuant to this Credit Agreement. Subject to receipt of notice from the
Administrative Agent, each Lender shall pay to the Administrative Agent such Lender’s Lender Pro Rata Share under the applicable Tranche of the amount disbursed by the Letter of Credit Issuer on the Business Day on which the Letter of Credit Issuer honors any such draft or incurs or is owed any such interest, costs, expenses or fees. The
Administrative Agent shall notify the Borrowers of any such disbursements made by the Lenders pursuant to the terms hereof; provided that the failure to give such notice will not affect the validity of the disbursement, and the Administrative
Agent shall provide the Lenders with notice thereof. Any such disbursement made by the Lenders to the Letter of Credit Issuer on account of a Letter of Credit shall be deemed an Alternate Base Rate Loan; and such disbursements shall be made without
regard to the minimum and multiple amounts specified in Section 2.4. The Administrative Agent and the Lenders may conclusively rely on the Letter of Credit Issuer as to the amount due the Letter of Credit Issuer by reason of any draft of
a Letter of Credit or due the Letter of Credit Issuer under any Letter of Credit Application in each case absent manifest error. The obligations of a Lender to make payments to the Administrative Agent for the account of the Letter of Credit Issuer,
and, as applicable, the obligations of the Borrowers with respect to Borrowings, each under this Section 2.8(e) shall be irrevocable, shall not be subject to any qualification or exception whatsoever, and shall, irrespective of the
satisfaction of the conditions to the making of any Loans described in Sections 2.1(b), 6.1, 6.2 and/or 6.3, as applicable, be honored in accordance with this Section 2.8(e) under all circumstances, including, without limitation,
any of the following circumstances: (i) any lack of validity or enforceability of such Letter of Credit, this Credit Agreement or 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 any of the other Loan Documents; (ii) any change in the time, manner or place of payment
of, or in any other term of, all or any of the obligations of the Borrowers in respect of any Letter of Credit or any other amendment or waiver of or any consent to departure from all or any of the terms of the Letter of Credit; (iii) the
existence of any claim, counterclaim, setoff, defense or other right which the Borrowers may have at any time against a beneficiary named in a Letter of Credit or any transferee of a beneficiary named in a Letter of Credit (or any Person for whom
any such transferee may be acting), the Administrative Agent, the Letter of Credit Issuer, any Lender, or any other Person, whether in connection with this Credit Agreement, any Letter of Credit, the transactions contemplated herein or any unrelated
transactions (including any underlying transactions between the account party and beneficiary named in any Letter of Credit); (iv) any draft, demand, certificate or any other document presented under a Letter of Credit having been determined 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 draw under a Letter of
Credit; (v) any payment by the Letter of Credit 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; (vi) any payment made by the Letter of
Credit 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; (vii) the surrender or impairment
of any security for the performance or observance of any of the terms of any of the Loan Documents; (viii) the occurrence of any Default or Event of Default or (ix) 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, any Credit Party. 

(f) Borrower Inspection. The Borrowers shall promptly examine a copy of each Letter of Credit and each amendment thereto
that is delivered to them and, in the event of any claim of noncompliance with the Borrowers’ instructions or other irregularity or any other comments thereto, the Borrowers will immediately notify the Letter of Credit Issuer. The Borrowers
shall be conclusively deemed to have waived any such claim against the Letter of Credit Issuer and its correspondents unless such notice is given as aforesaid. 

(g) Role of Letter of Credit Issuer. Each Lender and the Credit Parties agree that, in paying any drawing under a Letter
of Credit, the Letter of Credit Issuer shall not 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 the Letter of Credit Issuer, the Administrative Agent nor any of the respective correspondents, participants or assignees of the Letter
of Credit 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; or (iii) the due execution, effectiveness, validity or 

  
 55 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 enforceability of any document or instrument related to any Letter of Credit. 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 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 the Letter of Credit Issuer, the Administrative Agent, nor any of the respective correspondents, participants or assignees of the
Letter of Credit Issuer, shall be liable or responsible for any of the matters described in clauses (i) through (ix) of Section 2.8(e). In furtherance and not in limitation of the foregoing, the Letter of Credit 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, and the Letter of Credit 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. 
 (h) Acceleration of Undrawn Amounts. Should the Administrative Agent demand payment of the Obligations
hereunder prior to the Maturity Date pursuant to Section 10.2, the Administrative Agent, by written notice to the Borrowers, may take one or both of the following actions: (i) declare the obligation of the Letter of Credit Issuer to
issue Letters of Credit hereunder terminated, whereupon such obligations shall forthwith terminate without any other notice of any kind; or (ii) declare the outstanding Letter of Credit Liability to be forthwith due and payable, without
presentment, demand, protest or any other notice of any kind, all of which are hereby waived and demand that the Borrowers Cash Collateralize, as security for the Obligations, an amount equal to the Minimum Collateral Amount at the time such notice
is given and cancel (or require any beneficiary to cancel) any previously issued Letter of Credit. Unless otherwise required by law, upon the full and final payment of the Obligations, the Administrative Agent shall return to the Borrowers any
amounts remaining in said cash collateral account. 
 (i) Cash Collateral. (A) If, as of the Maturity Date, any
Letters of Credit may for any reason remain outstanding and partially or wholly undrawn, or (B) the occurrence of any other circumstances under this Credit Agreement or the other Loan Documents requiring the Borrowers to Cash Collateralize
Letters of Credit, the Borrowers shall promptly Cash Collateralize in an amount equal to the Minimum Collateral Amount or, in the case of sub-clause (B) above, such amount expressly required by the
terms of this Credit Agreement or other Loan Document, to the Administrative Agent for the benefit of the Secured Parties, to be held by Administrative Agent as Cash Collateral subject to the terms of this clause (i) and any security
agreement, control agreement and other documentation requested by the Administrative Agent to be executed in connection with opening a Cash Collateral Account for the purpose of holding such Cash Collateral. All Cash Collateral to be provided by the
Borrowers pursuant to this Section 2.8(i) shall be in currencies of the related Letters of Credit. All such Cash Collateral shall (unless otherwise agreed by the Administrative Agent) be funded by the proceeds of Investor Capital Calls,
and not from any other source. Cash Collateral held in the Cash Collateral Account shall be applied by Administrative Agent to the reimbursement of Letter of Credit Issuer for any payment 

  
 56 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 made by it of drafts drawn under the outstanding Letters of Credit, and the unused portion
thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other Obligations that are then due and payable. After all such Letters of Credit shall have expired or been fully drawn upon,
all Letter of Credit Liability shall have been satisfied and all other Obligations shall have been paid in full, the balance, if any, of Cash Collateral held in the Cash Collateral Account pursuant to this clause (i) shall be returned to
the Borrowers. The Borrowers hereby grant to the Administrative Agent, for the benefit of the Secured Parties, and agree to maintain, a first priority security interest in all such Cash Collateral and in the Cash Collateral Account as security in
respect of the Letter of Credit Liability. 
 (j) Lenders’ Obligations. In the event any Letter of Credit
Liability is Cash Collateralized in accordance with Section 2.8(i) or otherwise pursuant to this Credit Agreement (including but not limited to the Cash Collateralizing of a Letter of Credit outstanding beyond the Maturity Date), each
Lender’s participation in such Letter of Credit pursuant to this Section 2.8 shall cease in all respects, the Lenders will no longer be entitled to receive their Lender Pro Rata Share of the Letter of Credit fee payable in
accordance with Section 2.15 (which shall be payable exclusively to the Letter of Credit Issuer), and the Lenders shall cease to be obligated to fund any drawing under such Letter of Credit in the event the Cash Collateral is for any
reason unavailable or insufficient to fully fund such drawing (including, but not limited to, as a result of any preference claim or other clawback under any proceeding pursuant to any Debtor Relief Laws). 

(k) New Letters of Credit. So long as any Lender is a Defaulting Lender, the Letter of Credit Issuer shall not be
required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no fronting exposure after giving effect thereto. 

2.9 Addition of Qualified Borrowers, Payment of the Borrower Guaranty, and Qualified Borrower Letter of Credit Note.

 (a) An entity shall be approved as a “Qualified Borrower” hereunder if (i) the Primary
Borrower shall have obtained the consent of the Administrative Agent, such consent not to be unreasonably withheld; provided that the Administrative Agent shall approve such entity as a Qualified Borrower unless either (x) such entity is
formed or organized, as applicable, in a jurisdiction in which any applicable Lender cannot make Loans or the Letter of Credit Issuer cannot issue Letters of Credit or (y) such entity fails to comply with “Know Your Customer”, OFAC or
any similar applicable regulatory prohibition or policy applicable to any Lender which is then in effect or fails to deliver applicable “Know Your Customer” documentation reasonably required by any Lender (through the Administrative
Agent); (ii) such entity shall be one in which the Primary Borrower owns a direct or indirect ownership interest, or through which the Primary Borrower may acquire an investment, the indebtedness of which entity can be guaranteed by the Primary
Borrower pursuant to the terms of its Constituent Documents; and (iii) the provisions of this Section 2.9 and Section 6.3 shall have been satisfied. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (b) Upon the satisfaction of the requirements of subsection
(a) above, the entity approved as a Qualified Borrower shall be bound by the terms and conditions of this Credit Agreement as if it were a Borrower hereunder. 

(c) The Primary Borrower shall provide to the Administrative Agent and each of the Lenders an unconditional guaranty of payment
in substantially the form of Exhibit I attached hereto (a “Borrower Guaranty”, and collectively with all such guaranties, the “Borrower Guaranties”), which shall be enforceable
against the Primary Borrower for the payment of such Qualified Borrower’s Obligations. 
 (d) In the event that any
Qualified Borrower has not previously done so, it shall execute and deliver a promissory note, in substantially the form of Exhibit H attached hereto (a “Qualified Borrower Promissory Note”), the payment of which is
guaranteed by the Primary Borrower pursuant to a Borrower Guaranty payable to the Administrative Agent, for the benefit of the Secured Parties, in the principal amount of its related Obligations. 

(e) In consideration of the Lenders’ agreement to advance Loans to a Qualified Borrower pursuant to Sections 2.2
and 2.3 and to accept Borrower Guaranties in support thereof, the Primary Borrower hereby authorizes, empowers, and directs the Administrative Agent, for the benefit of the Secured Parties, within the limits of the Available Commitment, to
disburse directly to the Lenders, in immediately available funds, an amount equal to any Obligations due and owing by a Qualified Borrower and guaranteed by the Primary Borrower under a Borrower Guaranty, as a Borrowing hereunder by the Primary
Borrower, in the event the Administrative Agent shall have not received payment of such Obligations when due (following the expiration of all applicable notice and cure periods specified in Section 10.1(a), (b) or (c)). The
Administrative Agent will promptly notify the Primary Borrower of any disbursement made to the Lenders pursuant to the terms hereof; provided that the failure to give such notice shall not affect the validity of such disbursement, and the
Administrative Agent shall provide the Lenders with notice thereof. Any such disbursement made by the Administrative Agent to the Lenders shall be deemed to be an Alternate Base Rate Loan pursuant to Section 2.3, and the Primary Borrower
shall be deemed to have given to the Administrative Agent in accordance with the terms and conditions of Section 2.3 a Request for Borrowing with respect thereto; and such disbursements shall be made without regard to the minimum and
multiple amounts specified in Section 2.4. The Administrative Agent may conclusively rely on the Lenders as to the amount of any such Obligations due to the Lenders, absent manifest error. 

(f) If a Qualified Borrower has no Obligations outstanding, such Qualified Borrower shall be permitted to withdraw from the
Credit Facility as a Qualified Borrower upon ten (10) days advance written notice to the Administrative Agent, whereupon such Qualified Borrower shall have no further obligations under this Credit Agreement (except as set forth in the last
sentence of this Section 2.9(f)). Upon request of such withdrawing Qualified Borrower, the Administrative Agent will return or destroy any Qualified Borrower Note issued by such Qualified Borrower. Notwithstanding any withdrawal by 

  
 58 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 a Qualified Borrower, such Qualified Borrower (and the Primary Borrower pursuant to the
applicable Borrower Guaranty) shall remain liable for any amounts due to the Secured Parties pursuant to Sections 4 and 12.5 of this Credit Agreement from such Qualified Borrower, which provisions shall survive any withdrawal by a
Qualified Borrower and the termination of this Credit Agreement. 
 (g) The Obligations of each Qualified Borrower in
connection with each Letter of Credit issued to such Qualified Borrower hereunder shall be evidenced by a letter of credit note substantially in the form of Exhibit Q attached hereto (the “Qualified Borrower Letter of Credit
Note”), the payment of which is guaranteed by a Primary Borrower pursuant to a Borrower Guaranty, as such note may be amended, restated, reissued, extended or modified. Each Qualified Borrower shall execute and deliver a Qualified
Borrower Letter of Credit Note payable to the Administrative Agent on behalf of the related Letter of Credit Issuer(s) (with blanks appropriately completed in conformity herewith). Each Qualified Borrower agrees, from time to time, upon the request
of the Administrative Agent, to issue a new Qualified Borrower Letter of Credit Note previously issued by such Qualified Borrower to the Administrative Agent, and such previously issued Note shall be returned to such Qualified Borrower marked
“replaced”. 
 2.10 Use of Proceeds and Borrower Guaranties. 

(a) The proceeds of the Loans and Letters of Credit shall be used by each Borrower solely for Permitted Uses. The Borrowers shall not use the
proceeds of any Loan or Letter of Credit to acquire a Portfolio Investment for which they would not be entitled under their Constituent Documents to issue Investor Capital Calls for the purpose of making such acquisition. Neither the Lenders nor the
Administrative Agent shall (a) have any liability, obligation, or responsibility whatsoever with respect to any Borrower’s use of the proceeds of the Loans or Letters of Credit or its execution and delivery of any Borrower Guaranty, or
(b) be obligated to determine whether or not any Borrower’s use of the proceeds of the Loans or Letters of Credit are for purposes permitted under the Constituent Documents of any Credit Party. Nothing, including, without limitation, any
Borrowing, any issuance of any Letter of Credit, any Rollover, any Conversion or acceptance of any Borrower Guaranty or other document or instrument, shall be construed as a representation or warranty, express or implied, to any party by any of the
Lenders or the Administrative Agent as to whether any investment by any Borrower is permitted by the terms of the Constituent Documents of such Borrower or any other Credit Party. 

(b) In each Request for Borrowing and Letter of Credit Application, the applicable Borrower shall identify the use of proceeds for the related
Loan or Letter of Credit, and if such Borrower intends to use such proceeds to acquire an asset from, extend a loan to, or purchase an equity interest in, any Person, then such Borrower in the related Request for Borrowing shall also provide the
Administrative Agent with the full legal name of the Person selling such asset or issuing such equity interest or the Person to whom such loan is extended. Each Borrower agrees to respond promptly to any reasonable requests for information related
to its use of Loan or Letter of Credit proceeds to the extent required by any Lender in connection with such Lender’s determination of its compliance with Section 23A of the Federal Reserve Act (12 U.S.C. § 371c) and the Federal
Reserve Board’s Regulation W (12 C.F.R. Part 223). No Borrower shall use the proceeds of any Borrowing or Letter of Credit hereunder to purchase securities or investments from any Lender or any Affiliate thereof. 

  
 59 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 2.11 Unused Commitment Fee. In addition to the payments provided for
in Section 3, the Borrowers shall pay or cause to be paid to the Administrative Agent, for the account of each applicable Lender (other than any Defaulting Lender) in accordance with its ratable share of the Commitments under the applicable
Tranche, an aggregate unused commitment fee on the daily amount of the Maximum Commitment which was unused (through the extension of Loans or issuance of Letters of Credit) (such amount, the
“Unused Portion”) at the Unused Commitment Fee Rate, calculated daily on the basis of actual days elapsed in a year consisting of 360 days and payable in arrears on the tenth
(10th) calendar day of each calendar month (or the next succeeding Business Day, if such day is not a Business Day) for the preceding calendar month. For purposes of this Section 2.11,
the fee shall be calculated on an average daily basis. Each of the Borrowers and the Lenders acknowledges and agrees that the unused commitment fees payable hereunder are bona fide unused commitment fees and are intended as reasonable
compensation to the Lenders for committing to make funds available to the Borrowers as described herein and for no other purposes. 

2.12 Structuring Fee. The Primary Borrower shall pay or cause to be paid to HSBC, as Lender, the Structuring Fee, as
provided in the Fee Letter. 
 2.13 Extension of Maturity Date.The Borrowers shall have two (2) options to extend
the Stated Maturity Date then in effect, in each case, for an additional term of no longer than 364 days, subject to satisfaction of the following conditions precedent: 

(a) (x) the Administrative Agent and the extending Lenders shall have consented in their sole discretion to such Extension
Request, and (y) the Administrative Agent, the extending Lenders and the Borrowers shall have agreed to such other terms and conditions in connection with such Extension Request as may be requested by the Administrative Agent and/or such
extending Lenders in their sole discretion, including the amount of any fee for such extension; 
 (b) the Borrowers
shall have paid the amount of any extension fee that has been agreed to the Administrative Agent for the benefit of the extending Lenders; 

(c) no Default or Event of Default shall have occurred and be continuing on the date on which notice is given in
accordance with the following clause (d) or on the initial Stated Maturity Date; 
 (d) all representations and
warranties of the Credit Parties under the Loan Documents are true and correct in all material respects on and as of the initial Stated Maturity Date, with the same force and effect as if made on and as of such date (except to the extent that such
representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date); provided that if any such representation and warranty
is already qualified by materiality, then it shall be true and correct in all respects; and 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (e) the Borrowers shall have delivered an Extension Request with respect
to the Stated Maturity Date to the Administrative Agent not less than thirty (30) days prior to the Stated Maturity Date (or such lesser number of days, at the sole discretion of the Administrative Agent) then in effect (which shall be promptly
forwarded by the Administrative Agent to each Lender) or such shorter time period as the Administrative Agent shall agree. 

2.14 Increase in the Maximum Commitment. 

(a) Request for Increase. Subject to compliance with the terms of this Section 2.14 and to the extent the Maximum Commitment is less than $650,000,000 at
such time,2.14, the Borrowers may increase the
Maximum Commitment to an amount not to exceed $650,000,000, with the written consent of the Administrative Agent, such written consent to be given in its sole and absolute discretion (it being understood that any such increase up to an amount not to
exceed $200,000,000 shall be provided by HSBC, as Lender). Such increase may be done in one or more requested increases, in $10,000,000 increments or such lesser amount remaining to increase the Maximum Commitment to $200,000,000, or such lesser
amount to be determined by the Administrative Agent (each such increase shall be referred to herein as a “Facility Increase”). 

(b) Effective Date. Within five (5) Business Days (or such shorter time period as the Administrative Agent may
agree) of the receipt of a request from the Borrowers to increase the Maximum Commitment, the Administrative Agent shall determine the effective date of the Facility Increase, if any (the “Facility Increase Effective Date”)
and, if the Administrative Agent has determined that the conditions precedent to such Facility Increase have been satisfied, shall notify the Borrowers and the Lenders of the Facility Increase Effective Date. 

(c) Conditions to Effectiveness of Increase. The following are conditions precedent to such increase: 

(i) the Borrowers shall, not later than the fifth (5th) Business Day or such shorter time period as the Administrative Agent
may agree, prior to the Facility Increase Effective Date, deliver to Administrative Agent a Facility Increase Request and (x) to the extent the Maximum Commitment increase has not been previously authorized, resolutions adopted by the Borrowers
approving or consenting to such increase or (y) to the extent such Maximum Commitment increase was previously authorized, copies of such prior resolutions adopted by the Borrowers approving or consenting to such increase, in each case,
certified by a Responsible Officer of each Borrower that such resolutions are true and correct copies thereof and are in full force and effect; 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (ii) no Default or Event of Default shall have occurred and be continuing as
of the proposed date of such Facility Increase; 
 (iii) all representations and warranties of the Credit Parties under
the Loan Documents are true and correct in all material respects on and as of the proposed date of such Facility Increase, with the same force and effect as if made on and as of such date (except to the extent that such representations and
warranties expressly relate to an earlier date in which case such representations and warranties shall be true and correct in all material respects as of such earlier date); 

(iv) on the Facility Increase Effective Date, (x) an existing Lender or Lenders shall increase its Commitment to support
any Facility Increase, in its sole discretion, and/or (y) an additional Lender or Lenders shall have joined the Credit Facility in accordance with Section 12.11(i) and, after giving effect thereto, the aggregate Commitments of such
increasing and additional Lenders shall be at least equal to the amount of such Facility Increase; 
 (v) the Borrowers
have fully complied with the delivery requirements under Section 6.1(l)(iii) -(iv) hereof with respect to the Investors listed on Exhibit A hereto as of the Closing Date; and 

(vi) on or prior to the proposed date of such Facility Increase, the Borrowers shall have paid to the Administrative
Agent the Facility Increase
Feeand the Lenders the fee agreed by the parties (in each such party’s
 sole discretion) in connection with such increase. 
 For the avoidance of
doubt, any Facility Increase will be on the same terms as contained herein with respect to the Credit Facility. 
 2.15 Letter of Credit
Fees. The Borrower shall pay to the Administrative Agent: (a) for the benefit of the Lenders under the applicable Tranche, in consideration for the issuance of Letters of Credit hereunder, a non-refundable fee equal to the Applicable Margin (plus two percent (2.0%) if an Event of Default has
occurred and is continuing) on the daily face amount of each Letter of Credit, less the amount of any draws on such Letter of Credit, payable monthly in arrears on the tenth (10th) calendar day of
each calendar month (or the next succeeding Business Day, if such day is not a Business Day), commencing on the issuance date and continuing for so long as such Letter of Credit remains outstanding (including, for the avoidance of doubt, any Letter
of Credit that is outstanding but has been Cash Collateralized); and (b) for the benefit of the Letter of Credit Issuer, all reasonable and customary out of pocket expenses actually incurred by the Letter of Credit Issuer related to the
issuance, amendment or transfer of Letters of Credit upon demand by the Letter of Credit Issuer. The Letter of Credit Issuer will give the Administrative Agent notice of such billings and of receipt of payment. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 2.16
Temporary Increase Tranche. 

(a) Temporary Increase Borrowings. At
any time prior to the Scheduled Reduction Date, to the extent that (i) the Principal Obligations equal or exceed the Commitments under the Primary Tranche and (ii) the aggregate Principal Obligations do not exceed the Available
Commitment and subject to the other terms and conditions set forth herein, any Loan requested by a Borrower in accordance with
Section 2.3(a) shall be funded as a Temporary Increase Loan. Temporary Increase Loans shall be Loans and part of the Obligations in all respects, other than with respect to the
Lenders’ funding obligations and ratable
participations with respect thereto as set forth in this Section 2.16
. Temporary Increase Loans will be secured by the Collateral in the same manner and to the same extent as all other Loans and will be
pari passu
with all other Loans in all respects. Provided that all applicable conditions precedent for a Loan in Sections
2.1 and
6.2 have been
satisfied, the Temporary Increase Lenders will exclusively fund pro rata based on their respective Temporary Increase Commitments, at any time and from time to time, Temporary Increase Loans requested by a Borrower in accordance with
Section 2.3(a); provided that, after giving effect to such Temporary Increase Loan, the aggregate Temporary Increase Loans would not exceed the aggregate Temporary Increase Commitments. No Lender
other than the Temporary Increase Lenders will have any right or duty to fund Temporary Increase Loans. As a result of such exclusive participation in the Temporary Increase Tranche, the Principal Obligations may from time to time prior to the
Scheduled Reduction Date be allocated amongst the Lenders in proportions other than their pro rata share of the aggregate Commitments.

 (b) Scheduled Reduction
Date. The unpaid principal amount of the Obligations with respect to Temporary Increase Loans that are outstanding on the Scheduled
Reduction Date, together with all accrued but unpaid interest thereon, shall be due and payable on the Scheduled Reduction Date and the Maximum Commitment shall automatically decrease by the aggregate amount of the Temporary Increase Commitments
without any further action by any party hereto. 
 (c) Temporary Increase Loan
Repayments. Notwithstanding anything to the contrary herein, so long as no Event of Default has occurred and is continuing, all repayments
of Principal Obligations and payments of interest, fees and other amounts from the Borrowers shall, unless the Borrowers otherwise direct in their sole discretion, be applied (A) first, to Temporary Increase Loans until such Temporary Increase
Loans are reduced to zero and (B) second, to
Loans other than Temporary Increase Loans (and the Administrative Agent shall in turn apply such repayments and payments in accordance with such direction from the Borrowers). Notwithstanding anything to the contrary herein, if an Event of Default
has occurred and is continuing, at any time when there are Obligations outstanding related to any Temporary Increase Loans, all payments made by a
Borrower on the Obligations shall be credited, to the extent of the amount thereof, to the Lenders in accordance with their
pro rata
share of aggregate Principal Obligations at the time of such repayment (i.e., ratably between Temporary Increase Loans or Loans other than Temporary Increase Loans based on amounts due without regard to the pro rata share of the Maximum
Commitment of each Lender). 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

(d) Temporary Increase Loans Generally.
Except as otherwise stated in this Section 2.16, Temporary Increase Loans shall be subject to all applicable provisions of this Credit Agreement with respect to Loans generally to the extent applicable, other than
pricing, as set forth in the Fee Letters.  
 Section 3.
PAYMENT OF OBLIGATIONS 
 3.1 Revolving Credit Notes. The Administrative Agent may request that the Loans made
under this Credit Agreement be evidenced by promissory notes in favor of each Lender. In such event, each Borrower shall execute and deliver the requested promissory notes each payable to the Administrative Agent for the benefit of the applicable
Lender in the amount up to the aggregate Commitment of such Lender. Any such note issued by the Borrowers shall be substantially in the form of Exhibit B attached hereto (with blanks appropriately completed in conformity herewith). Each
Borrower agrees, from time to time, upon the request of a Lender, to reissue a new Note, in accordance with the terms and in the form heretofore provided, to such Lender, in renewal of and substitution for the Note previously issued by such Borrower
to such Lender, so long as such previously issued Note shall be returned by such Lender to the applicable Borrowers and marked “cancelled” or “replaced”. 

3.2 Payment of Obligations. The unpaid principal amount of the Obligations outstanding on the Maturity Date, together
with all accrued but unpaid interest thereon, shall be due and payable on the Maturity Date. All Loans shall be repaid in the currency in which they were borrowed. 

3.3 Payment of Interest. 

(a) Interest. Interest on each Borrowing and any portion thereof shall commence to accrue in accordance with the terms
of this Credit Agreement and the other Loan Documents as of the date of the disbursal or wire transfer of such Borrowing by the Administrative Agent consistent with the provisions of Section 2.6, notwithstanding whether any Borrower
received the benefit of such Borrowing as of such date and even if such Borrowing is held in escrow pursuant to the terms of any escrow arrangement or agreement. When a Borrowing is disbursed by wire transfer pursuant to instructions received from
the Borrower(s) in accordance with the related Request for Borrowing, then such Borrowing shall be considered made at the time of the transmission of the wire, rather than the time of receipt thereof by the receiving bank. With regard to the
repayment of the Loans, interest shall continue to accrue on any amount repaid until such time as the repayment has been received in federal or other immediately available funds by the Administrative Agent to the Administrative Agent’s account
described in Section 3.4, or any other account of the Administrative Agent which the Administrative Agent designates in writing to the Borrowers. Interest shall be payable in the currency of the related Loan. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (b) Interest Payment Dates. Accrued and unpaid interest on the
Obligations shall be due and payable in arrears (i) on each Interest Payment Date and (ii) subject to Section 10.5, at all times when an Event of Default has occurred and is continuing, at any time and from time to time
following such default upon demand by the Administrative Agent. 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. 
 (c) Direct Disbursement. With at least three (3) Business Days (or on the same Business Day for an
Alternate Base Rate Loan or Alternate Base Rate Rollover) notice prior to any Interest Payment Date on which interest is payable hereunder by any Borrower, such Borrower may request in writing, within the limits of the Available Commitment and so
long as each of the conditions specified in Section 6.2 and if applicable Section 6.3 (to the extent not previously satisfied at the time such Qualified Borrower initially becomes a Borrower) have been satisfied, that the
Administrative Agent disburse to the Lenders and the Letter of Credit Issuer, in accordance with the terms hereof, in immediately available funds, an amount equal to the interest or fees due to them from such Borrower, which disbursement shall be
deemed to be a Loan pursuant to Section 2.3. Such Loan shall be either: (i) a LIBOR Rate Loan, if the applicable Lender can consolidate such Loan with an existing LIBOR Rate Loan that is then subject to a Rollover; or (ii) an
Alternate Base Rate Loan. Such Loan will not be subject to the minimum and multiple amount limitations in Section 2.4. If the Lenders or the Letter of Credit Issuer shall not have received on the date due, any payment of interest upon
any Loan or any fee described herein, the Administrative Agent may, without prior notice to or the consent of the Credit Parties, following the expiration of all applicable notice and grace periods specified in Section 10.1(a), (b) or
(c), as applicable, related to the payments of such amounts, within the limits of the Available Commitment, disburse to the Lenders or the Letter of Credit Issuer, in accordance with the terms hereof, in immediately available funds, an amount
equal to any interest or fees due to them, which disbursement shall be deemed to be an Alternate Base Rate Loan pursuant to Section 2.3. After any such disbursement of funds as contemplated in this Section 3.3(c), the
Administrative Agent shall promptly deliver written notice of such disbursement to the applicable Borrower(s); provided that the failure of the Administrative Agent to give such notice will not affect the validity of such disbursement. 

3.4 Payments on the Obligations. All payments of principal of, and interest on, the Obligations under this Credit
Agreement by the Credit Parties to or for the account of the Lenders, or any of them, shall be made without condition or deduction for any counterclaim, defense or recoupment by any Borrower for receipt by the Administrative Agent before 12:00 p.m.
(New York time), on the due date therefor in federal or other immediately available funds to the Administrative Agent at account number at HSBC Bank USA, National Association, ABA No., account name “Loan Agency”, reference “Goldman
Sachs Renewable Power Operating Company LLC” or any other account of the Administrative Agent that the Administrative Agent designates in writing to the Borrowers. Funds received after 12:00 p.m. (New York time) on the due date therefor
shall be treated for all purposes as having been received by the Administrative Agent on the first Business Day next following receipt of such funds. Except as provided in the last sentence of this Section 3.4, each applicable Lender shall be entitled to receive its ratable share of each payment of the Obligations received by the Administrative Agent 

  
 65 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 hereunder for the account of the Lenders on the Obligations with respect to the applicable Tranche. Each payment received by the Administrative Agent
hereunder for the account of a Lender shall be promptly distributed by the Administrative Agent to such Lender by 1:00 p.m. (New York time). If any payment to be made by any Borrower 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 calculating interest or fees, as the case may be. The Administrative Agent and each Lender hereby agree that payments to the Administrative Agent by the
Borrowers of principal of, and interest on, the Obligations to or for the account of the Lenders in accordance with the terms of the Credit Agreement, the Notes and the other Loan Documents shall constitute satisfaction of the Borrowers’
obligations with respect to any such payments, and the Administrative Agent shall indemnify, and each Lender shall hold harmless, the Borrowers from any claims asserted by any Lender in connection with the Administrative Agent’s duty to
distribute and apportion such payments to the Lenders in accordance with this Section 3.4. Subject to Section
 
2.16,
unlessUnless an Event of Default has occurred and
is continuing, all payments made on the Obligations shall be credited as directed by the Borrowers. Subject to Section
 
2.16,
atAt all times when an Event of Default has
occurred and is continuing, all payments made on the Obligations shall be credited, to the extent of the amount thereof, in the following manner: (a) first, against all costs, expenses and other fees (including attorneys’ fees) payable by
any of the Credit Parties under the terms of the Loan Documents; (b) second, against the amount of interest accrued and unpaid on the Obligations as of the date of such payment; (c) third, against all principal due and owing on the
Obligations as of the date of such payment; and (d) fourth, to all other amounts constituting any portion of the Obligations. 

3.5 Voluntary Prepayments. Each Borrower may, upon notice to the Administrative Agent (which notice may be conditioned
upon the occurrence of an event of financing so long as revocation of any such notice is provided to the Administrative Agent at least one (1) Business Day prior to the effective date of such prepayment and payment of all amounts due per
Section 4.5), at any time or from time to time voluntarily prepay Loans in whole or in part without premium or penalty; provided that: (a) such notice must be received by the Administrative Agent by no later than: (i) 11:00
a.m. two (2) Business Days prior to any date of prepayment of LIBOR Rate Loans denominated in Dollars and (ii) 11:00 a.m. on the date of prepayment of Alternate Base Rate Loans; and (b) any prepayment of Loans shall be in a principal
amount of $250,000 or a whole multiple of $100,000 in excess thereof or, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date (which shall be a Business Day) of such prepayment and the amount of such
prepayment. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of such Lender’s Lender Pro Rata Share of such prepayment. If such notice is given by a Borrower, such Borrower shall make such
prepayment, and the payment amount specified in such notice shall be due and payable on the date specified therein. Each prepayment of a Loan shall be applied to the Obligations held by each Lender in accordance with its respective Lender Pro Rata
Share. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 3.6 Reduction or Early Termination of Commitments. So long as no
Request for Borrowing, Conversion or Rollover or Request for Letter of Credit is outstanding, the Borrowers may terminate the Commitments, or reduce the Maximum
Commitment (including by reducing the Temporary Increase Commitments), by giving prior written notice (which
notice may be conditioned upon the occurrence of an event or financing so long as revocation of any such notice is provided to the Administrative Agent at least one (1) Business Day prior to the effective date of such termination or reduction)
to the Administrative Agent of such termination or reduction three (3) Business Days prior to the effective date of such termination or reduction (which date shall be specified by the Borrowers in such notice), (i) in the case of complete
termination of the Commitments, upon prepayment of all of the outstanding Obligations, including, without limitation,
reduction
of the Principal Obligations to zero (but subject to the proviso hereto) and payment of all interest
accrued thereon, in accordance with the terms of Section 3.5; or (ii) in the case of a reduction of the Maximum Commitment (including by a
reduction of the Temporary Increase Commitments), upon prepayment of the amount, if any, by which the Principal Obligations exceed the reduced Available Commitment or, if applicable, the Principal Obligations of the Temporary Increase Tranche exceed the
reduced Temporary Increase Commitments, in either case, resulting from such reduction, including, without
limitation,Maximum Commitment (after giving effect to such reduction) and payment of all interest accrued thereonon such prepaid Principal Obligations, in accordance with the terms of
Section 3.5; provided that, (a) the Maximum Commitment may not be terminated or reduced such that, the Available Commitment would be less than the aggregate stated amount of outstanding Letters of CreditPrincipal Obligations; and (b) in the case of the complete
termination of the Commitments, if any Letter of Credit Liability exists, upon payment to the Administrative Agent of the Cash Collateral (from the proceeds of Investor Capital Calls only, unless agreed otherwise by the Administrative Agent) for
deposit in the Cash Collateral Account in accordance with Section 2.8(i), without presentment, demand, protest or any other notice of any kind, all of which are hereby waived. Unless otherwise required by law, as soon as practicable, but
no later than thirty (30) days, after the full and final payment of the Letter of Credit Liability, or the termination of all outstanding Letter of Credit Liability due to the expiration of all outstanding Letters of Credit prior to draws
thereon, the Administrative Agent shall return to the applicable Borrowers any amounts remaining in any Cash Collateral Account; provided that, so long as no Event of Default exists, to the extent individual Letters of Credit expire, the
Administrative Agent will return to the applicable Borrowers the corresponding amount of the expired Letter of Credit Liability. Notwithstanding the foregoing: (1) any reduction of the Maximum Commitment (including by a reduction of the Temporary Increase Commitments) shall be in an aggregate amount that is an
integral multiple of $1,000,000 and not less than $10,000,000 and (2) in no event shall a reduction by the Borrowers reduce the Maximum Commitment
(including by a reduction of the Temporary Increase Commitments) to less than $50,000,000 (except
(i) for a termination of all the Commitments and (ii) as otherwise agreed between the Borrowers and the Administrative Agent). Promptly after receipt of any notice of reduction or termination, the Administrative Agent shall notify each
Lender of the same. Any reduction of the Maximum Commitment pursuant to this Section 3.6 shall reduce the Commitments of the Lenders on a pro rata basis with respect to each Tranche so
reducedbased on each such Lender’s
 applicable Lender Pro Rata Share thereof. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 3.7 Lending Office. Each Lender may: (a) designate its principal
office or a branch, subsidiary or Affiliate of such Lender as its lending office (its “Lending Office”) (and the office to whose accounts payments are to be credited) for any Type of Loan and (b) change its Lending
Office for any Type of Loan from time to time by notice to the Administrative Agent and the Borrowers. In such event, the Administrative Agent shall hold the Notes, if any, evidencing such Lender’s Loans for the benefit and account of such
branch, subsidiary or Affiliate. Each Lender shall be entitled to fund all or any portion of its Commitment in any manner it deems appropriate, consistent with the provisions of Section 2.5. 

Section 4. TAXES; CHANGE IN CIRCUMSTANCES 

4.1 Taxes. 

(a) Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrowers under any Loan
Document shall be made without deduction or withholding for any Taxes, except as required by Applicable Law. If any Applicable Law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding
of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority
in accordance with Applicable Law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Borrower shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and
withholdings applicable to additional sums payable under this Section 4.1) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 

(b) Payment of Other Taxes by the Borrowers. The Borrowers shall timely pay to the relevant Governmental Authority in
accordance with Applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

(c) Indemnification by the Borrowers. The Borrowers shall indemnify each Recipient, by the Required Payment Time after
written demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 4.1) payable or paid by such Recipient or required to be
withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority;
provided, that if the Recipient requests indemnification more than one-hundred eighty (180) calendar days after the earlier of (i) the date on which such Recipient makes such payment of Indemnified
Taxes or liability arising therefrom or with respect thereto and (ii) the date on which the relevant Governmental Authority or other party makes written demand upon such Recipient for payment of such Indemnified Taxes or liability arising
therefrom or with respect thereto, such Recipient shall not be indemnified to the extent such delay results in prejudice to the Borrowers. A certificate as to the amount of such payment or liability setting forth the calculation of such payment or
liability delivered to the Borrowers by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (d) Tax Indemnification by the Lenders. Without prejudice to, or
duplication of, Section 11.7, each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Borrower
has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrowers to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of
Section 12.11(b) relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan
Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the 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 any Loan
Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this Section 4.1(d). 

(e) Evidence of Payments. As soon as practicable after any payment of Taxes by any Borrower to a Governmental Authority
pursuant to this Section 4.1, such Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such
payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (f) Prescribed
Forms. (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the applicable Borrower and Administrative Agent, at the time or times
reasonably requested by a Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the applicable Borrower or the Administrative Agent as will permit such payments to be made without
withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by a Borrower or the Administrative Agent, shall deliver such other documentation prescribed by Applicable Laws or reasonably requested by a Borrower
or the Administrative Agent as will enable the Borrowers or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements, or to comply with any such requirement.
Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 4.1(f)(ii)(A), (ii)(B) and (ii)(D) below)
shall not be required if in such Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such
Lender. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (ii) Without limiting the generality of the foregoing, 

(A) any Lender that is a U.S. Person shall deliver to such Borrower and the Administrative Agent on or prior to the date on
which such Lender becomes a Lender under this Credit Agreement (and from time to time thereafter upon the reasonable request of such Borrower or the Administrative Agent), executed copies of IRS Form W-9, or
applicable successor form, certifying that such Lender is exempt from U.S. federal backup withholding tax; 
 (B) any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes
a Lender under this Credit Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable: 

(i) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party
(x) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or W-8BEN-E, as
applicable, or applicable successor form, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under
any Loan Document, IRS Form W-8BEN or W-8BEN-E, as applicable, or applicable successor form, establishing an exemption from, or
reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(ii) executed copies of IRS Form W-8ECI, or applicable successor form; 

(iii) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under
Section 881(c) of the Internal Revenue Code, (x) a certificate substantially in the form of Exhibit N-1 to the effect that such Foreign Lender is not a “bank” within the meaning of
Section 881(c)(3)(A) of the Internal Revenue Code, a “10 percent shareholder” of such Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, or a “controlled foreign corporation” related
to any Borrower as described in Section 881(c)(3)(C) of the Internal Revenue Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN or W-8BEN-E, as applicable, or applicable successor form; or 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (iv) to the extent a Foreign Lender is not the beneficial owner,
executed copies of IRS Form W-8IMY, or applicable successor form, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, IRS Form W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit N-2 or Exhibit N-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more
direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit
N-4 on behalf of each such direct and indirect partner; 
 (C) any Foreign
Lender shall, to the extent it is legally entitled to do so, deliver to the Borrowers and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a
Lender under this Credit Agreement (and from time to time thereafter upon the reasonable request of the Borrowers or the Administrative Agent), executed copies of any other form prescribed by Applicable Law as a basis for claiming exemption from or
a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by Applicable Law to permit the Borrowers or the Administrative Agent to determine the withholding or deduction required
to be made; and 
 (D) If a payment made to a Lender under any Loan Document would be subject to Tax imposed by FATCA
if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), then such Lender shall deliver to such Borrower and
the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by Applicable Law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such additional documentation reasonably requested by the Borrowers or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with
their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 4.1(f)(ii)(D),
“FATCA” shall include any amendments made to FATCA after the date of this Credit Agreement. 
 Each Lender agrees
that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrowers and the Administrative Agent in writing of its legal
inability to do so. 
 (g) Selection of Lending Office. If any Lender requires any Borrower to pay any Indemnified
Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 4.1, then such Lender shall, at the request of the Borrowers, use reasonable efforts to designate a different
Lending 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 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 good faith judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 4.1 in the future, and
(ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender in connection with any
such designation or assignment. 
 (h) Treatment of Certain Refunds. If any party determines, in its sole discretion
exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 4.1 (including by the payment of additional amounts pursuant to this Section 4.1), it shall pay
to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section 4.1 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying
party, upon the written request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this Section 4.1(h) (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Section 4.1(h), in no event will the indemnified party be required to
pay any amount to an indemnifying party pursuant to this Section 4.1(h) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party
would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This
Section 4.1(h) shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person. 

(i) Defined Terms. For purpose of this Section 4.1, the term “Lender” includes the Letter of
Credit Issuer and the term “Applicable Law” includes FATCA. 
 (j) Survival. Each party’s obligations
under this Section 4.1 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or
discharge of all obligations under any Loan Document. 
 4.2 Illegality. If any Lender reasonably determines that any
Applicable 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 Loans or other Obligations, or materially restricts the authority of
such Lender to purchase or sell, or to take deposits of, Dollars or to determine or charge interest rates based upon the LIBOR Rate, then, on notice thereof by such Lender to the Borrowers through the Administrative Agent, any obligation of such
Lender to make or continue Loans or the Obligations or to convert Loans accruing interest calculated by reference to the LIBOR Rate to be Loans 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 calculated by reference to the Alternate Base Rate (unless the Alternate Base Rate is also
calculated off the LIBOR Rate in accordance with the definition thereof), shall be suspended until such Lender notifies the Administrative Agent and the Borrowers that the circumstances giving rise to such determination no longer exist. Upon the
prepayment of any such Loans, the Borrowers shall also pay accrued interest on the amount so prepaid. Each Lender agrees to designate a different Lending Office if such designation will avoid the need for such notice and will not, in the good faith
judgment of such Lender, otherwise be materially disadvantageous to such Lender. 
 4.3 Inability to Determine Rates.
Other than with respect to a Benchmark Transition Event or an Early Opt-in Election, if the Administrative Agent determines, for any proposed Interest Period, that: (a) deposits are not being offered to
banks in the applicable offshore market for such currency for the applicable amount and Interest Period of any LIBOR Rate Loan; or (b) the LIBOR Rate does not adequately or fairly reflect the cost to the Lenders of funding or maintaining any
LIBOR Rate Loan, then: (a) the Administrative Agent shall forthwith notify the Lenders and the Borrowers; and (b) while such circumstances exist, none of the Lenders shall allocate any Loans made during such period, or reallocate any Loans
allocated to any then-existing Interest Period ending during such period, to an Interest Period with respect to which interest is calculated by reference to the LIBOR Rate. If, with respect to any outstanding Interest Period, a Lender notifies the
Administrative Agent that it is unable to obtain matching deposits in the London interbank market to fund its purchase or maintenance of such Loans or that the LIBOR Rate applicable to such Loans will not adequately reflect the cost to the Person of
funding or maintaining such Loans for such Interest Period, then: (i) the Administrative Agent shall forthwith so notify the Borrowers and the Lenders; and (ii) upon such notice and thereafter while such circumstances exist, the applicable
Lender shall not make any LIBOR Rate Loans during such period, or reallocate any Loans allocated to any Interest Period ending during such period, to an Interest Period with respect to which interest is calculated by reference to the LIBOR Rate;
provided that, (x) if the forgoing notice relates to Loans that are outstanding as LIBOR Rate Loans, such Loans shall be Converted to Alternate Base Rate Loans only on the last day of the then-current Interest Period, and (y) upon
receipt of such notice, the Borrowers may revoke any outstanding Requests for Borrowing. 
 4.4 Increased Cost and Capital
Adequacy. 
 (a) Increased Costs Generally. If after the Closing Date (or with respect to a Person first becoming
a Lender after the Closing Date, the later of (1) the Closing Date and (2) the date that is sixty (60) days prior to the date such Person first becomes a Lender) (x) the adoption of or any change in any Requirement of Law or in
the interpretation or application thereof, (y) any guidance, request or directive (whether or not having the force of law) from any central bank or other Governmental Authority or (z) compliance, application or implementation by any
Affected Party with the foregoing subclause (x) or (y) or any Existing Law: 
 (i) imposes or modifies any
reserve, fee, assessment, insurance charge, special deposit or similar requirement against assets of, deposits with or for the account of, any liabilities of or any credit extended by, any of the Affected Parties in respect of or in connection with
this Credit Agreement (other than Taxes); 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

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 (ii) subjects any Affected Party to any Tax (other than (A) Indemnified
Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes, and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves,
other liabilities or capital attributable thereto; 
 (iii) has the effect of reducing an Affected Party’s rate of
return in respect of this Credit Agreement on such Affected Party’s capital to a level below that which such Affected Party would have achieved but for the occurrences set forth in subsection (a) of this Section 4.4 herein;

 (iv) affects or would affect the amount of the capital required to be maintained by such Affected Party; or 

(v) causes an internal capital or liquidity charge or other imputed cost to be assessed upon such Affected Party, which
in the sole discretion of such Affected Party is allocable to the Borrower or to the transactions contemplated by this Credit Agreement; 

and the result of any of the foregoing is to impose a cost on, or increase the cost to, any Affected Party of its commitment under any Loan
Document or of purchasing, maintaining or funding any interest acquired under any Loan Document, then, upon written demand, the Borrower shall pay to the Administrative Agent for the account of such Affected Party such additional amounts as will
compensate such Affected Party for such new or increased cost. 
 (b) Capital Requirements. If any Lender or the
Letter of Credit Issuer determines that any Change in Law affecting such Lender or the Letter of Credit Issuer or any lending office of such Lender or such Lender’s or the Letter of Credit Issuer’s holding company, if any, regarding
capital or liquidity requirements, has or would have the effect of reducing the rate of return on such Lender’s or the Letter of Credit Issuer’s capital or on the capital of such Lender’s or the Letter of Credit Issuer’s holding
company, if any, as a consequence of this Credit Agreement, the Commitment 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 the Letter of Credit Issuer, to a level
below that which such Lender or the Letter of Credit Issuer or such Lender’s or the Letter of Credit Issuer’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the Letter of
Credit Issuer’s policies and the policies of such Lender’s or the Letter of Credit Issuer’s holding company with respect to capital adequacy) or causes an internal capital or liquidity charge or other imputed cost to be assessed upon
such Lender or Letter of Credit Issuer, which in such party’s sole discretion is allocable to the Borrowers or to the transactions contemplated by this Credit Agreement, then from time to time upon written request of such Lender or such Letter
of Credit Issuer, the Borrowers shall promptly pay to such Lender or the Letter of Credit Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the Letter of Credit Issuer or such Lender’s or the Letter
of Credit Issuer’s holding company for any such reduction suffered. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (c) Certificates for Reimbursement. A certificate of an Affected Party
(x) setting forth with reasonable supporting detail the amount or amounts necessary to compensate such Affected Party as specified in subsections (a) and (b) of this Section 4.4 and (y) with respect to any
Lender that becomes a Lender after the Closing Date, such other information or support reasonably requested by the Borrower shall be delivered to the Borrower (with a copy to the Administrative Agent) and shall be conclusive absent manifest error.
The agreements in this Section 4.4 shall survive the termination of this Credit Agreement and the payment of all amounts payable hereunder. The Borrower shall pay such Lender or the Letter of Credit Issuer, as the case may be,, the
amount shown as due on any such certificate by the Required Payment Time. 
 (d) Delay in Requests. Failure or delay
on the part of any Lender or the Letter of Credit Issuer to demand compensation pursuant to this Section 4.4 shall not constitute a waiver of such Lender’s or the Letter of Credit Issuer’s right to demand such compensation;
provided that the Borrowers shall not be required to compensate a Lender or the Letter of Credit Issuer pursuant to this Section 4.4 for any increased costs incurred or reductions suffered more than one hundred and eighty (180) days
prior to the date that such Lender or the Letter of Credit Issuer, as the case may be, notifies the Borrowers of such Lender’s or the Letter of Credit 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 one hundred and eighty (180) day period referred to above shall be extended to include the period of retroactive effect thereof). 

4.5 Funding Losses. Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrowers
shall promptly pay the Administrative Agent for the account of such Lender, such amount or amounts as shall compensate such Lender for, and hold such Lender harmless from, any loss, cost or expense incurred by such Lender in obtaining, liquidating
or employing deposits or other funds from third parties as a result of (a) any failure or refusal of the Borrowers (for any reasons whatsoever other than a default by the Administrative Agent or any Lender) to accept a Loan after the Borrowers
shall have requested such Loan under the Credit Agreement (whether pursuant to Section 2.3 or otherwise), (b) any prepayment or other payment of the principal of a LIBOR Rate Loan on a day other than the last day of the Interest Period
applicable to such Loan (whether pursuant to Section 2.1(e) or otherwise), (c) any other prepayment of a Loan that is (x) required pursuant to Section 2.1(e) or (y) not made in compliance with the provisions of the
Credit Agreement, or (d) the failure of the Borrowers to make a prepayment of a Loan after giving notice under the Credit Agreement, that such prepayment will be made. Any such payments shall be made by the Required Payment Time. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 4.6 Requests for Compensation. 

(a) If requested by the Borrowers in connection with any demand for payment pursuant to this Section 4 (other than
Section 4.1), a Lender or Letter of Credit Issuer shall provide to the Borrowers, with a copy to the Administrative Agent, a certificate setting forth in reasonable detail the basis for such demand, the amount required to be paid by the
Borrowers to such Lender or Letter of Credit Issuer and the computations made by such Lender or Letter of Credit Issuer to determine such amount, such certificate to be conclusive and binding in the absence of manifest error. Any such amount payable
by the Borrowers shall not be duplicative of any amounts (a) previously paid under this Section 4, or (b) included in the calculation of LIBOR. 

(b) Notwithstanding anything to the contrary in this Section 4 (other than Section 4.1), (i) no Lender
or Letter of Credit Issuer shall be entitled to compensation under this Section 4 (other than Section 4.1), for any costs incurred or reductions suffered by such Lender or Letter of Credit Issuer (or its holding company)
because of a Change in Law unless at such time such Lender or Letter of Credit Issuer (or its holding company) is acting in a similar manner with respect to its similarly-situated borrowers (it being understood that such claims between similarly
situated borrowers may be different after consideration of facility pricing, structure, usage patterns, capital treatment and banking relationship). 

4.7 Survival. All of the Borrowers’ obligations under this Section 4 shall survive and remain in full
force and effect for a period of one hundred eighty (180) days after the expiration or termination of the Letters of Credit and the Commitments and the repayment of all other Obligations hereunder. Notwithstanding the foregoing, this Section
4.7 shall not apply with respect to amounts payable under Section 4.1. 
 4.8 Effect of Benchmark
Transition Event. 
 (a) Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other
Loan Document, upon the occurrence of if a Benchmark Transition Event or an Early Opt-in Election, as applicable, the Administrative Agent and the Borrowers may amend this Credit Agreement to replace the
LIBOR Rate with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective
atand its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of
any setting of the then-current Benchmark, then, (x) if a Benchmark Replacement is determined
in accordance with clause (1) or (2) of the definition of
“Benchmark
 Replacement” for
 such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or
further action or consent of any other party to, this Credit Agreement or any other Loan Document and
(y) if a Benchmark Replacement is determined in accordance with clause (3) of the definition of
“Benchmark
 Replacement” for
 such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00
p.m. (New York City time) on the fifth (5th) Business Day
after the Administrative Agent has posted such 

  
 76 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 proposed
amendment to all Lenders and the Borrowers so long as
(x) the Borrowers have consented to such
amendment in writing and (y)date notice of such Benchmark Replacement is provided to the Lenders
without any amendment to, or further action or consent of any other party to, this Credit Agreement or any other Loan Document, so long as the Administrative Agent has not received, by such time,
written notice of objection to such
amendmentBenchmark
 Replacement from the Lenders comprising the Required Lenders. Any such amendment with respect to an Early Opt-in Election will become effective
on the date that Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders accept such amendment and the Borrowers consent to such amendment. No replacement of the LIBOR Rate with a
Benchmark Replacement pursuant to this Section 4.8 will occur prior to the applicable Benchmark Transition Start
Date. 
 (b) Benchmark Replacement
Conforming Changes. In connection with the implementation of a Benchmark Replacement, the Administrative Agent and
the Borrower will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any
amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Credit Agreement other than the consent of the Borrowers (such consent not to be unreasonably withheld or delayed); provided that, if the Borrowers have not provided their approval or denial
in writing prior to 5:00 p.m. on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all Lenders and the Borrowers in accordance with
clause
(a) above, the Borrowers shall be deemed
to have given their consent to the amendment and any Benchmark Replacement Conforming Changes.or any other Loan Document. 

(c) Notices; Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrowers (or obtain the
Borrowers’ consent
 if required by the terms of this Credit Agreement) and
the Lenders of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and Benchmark Transition Start Date, (ii) the implementation of any Benchmark Replacement, (iii) the
effectiveness of any Benchmark Replacement Conforming Changes
and, (iv) the removal or reinstatement of any tenor of a Benchmark pursuant to clause (d) below and
(v) the commencement or conclusion of any
Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent
or, if applicable, any Lender (or group of Lenders) pursuant to this Section 4.84.8, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or
refrain from taking any action or any selection, will be
conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party hereto,to this Credit Agreement or any other Loan Document except, in each
case, as expressly required pursuant to this Section 4.8. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

(d)
 Unavailability of Tenor of Benchmark. Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark Replacement), (i)
 if the then-current Benchmark is a term rate (including Term SOFR or the LIBOR Rate) and either
(A) any tenor for such Benchmark is not displayed on a screen or other information service that
publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or
(B) the regulatory supervisor for the administrator of such Benchmark has provided a public statement
or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of “Interest
 Period” for
 any Benchmark settings at or after such time to remove such unavailable or non-representative tenor and
(ii) if a tenor that was removed pursuant to clause (i)
 above either
(A) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark
Replacement) or (B) is not, or is no longer, subject to an announcement that it is or will no longer be
representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may modify the definition of
“Interest
 Period” for
 all Benchmark settings at or after such time to reinstate such previously removed tenor. 

(e)
 (d) Benchmark Unavailability Period. Upon the Borrowers’ receipt of notice of
the commencement of a Benchmark Unavailability Period, the
BorrowersBorrower
 may revoke any request for a Borrowing of, conversion to or continuation of any LIBOR Rate
LoanLoans
 to be made, converted or continued during any Benchmark Unavailability
Period and, providedfailing that, if such request is
not revoked, the Borrowersthe Borrower will be
deemed to have converted any such request into a request for a Borrowing of or conversion to an
Alternate Base Rate LoanLoans. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of the Alternate Base Rate based upon the LIBOR Ratethen-current
Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the Alternate Base Rate. 

Section 5. SECURITY 

5.1 Liens and Security Interest. 

(a) Collateral. Subject to the terms of the applicable Collateral Documents, to secure the payment and performance of
the Obligations hereunder, pursuant to a Collateral Account Pledge, a Security Agreement, the related financing statements and the other related documents, the Guarantor shall grant, and shall pledge and/or assign by way of security, to the
Administrative Agent, for the benefit of each of the Secured Parties, as applicable, a first priority, security interest and Lien in and on its interests in the following, whether now owned or hereafter acquired or arising: 

(i) any and all Unfunded Capital Commitments of the Investors, whether now or hereafter committed, including but not limited
to the right to draw down Investor Capital Contributions on such Unfunded Capital Commitments from such Investors and to issue Investor Capital Calls with respect thereto; 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (ii) to the extent relating to the Unfunded Capital Commitments of the
Investors constituting Collateral in clause (i) above, (x) the Constituent Documents, (y) the Subscription Agreements and Side Letters, if any, of such Investors and (z) any and all guaranties of such Investors’
obligations under the Constituent Documents and Subscription Agreements including but not limited to, in each case of clauses (x), (y) and (z), any and all representations, warranties, covenants and other agreements of such Investors or
guarantors contained therein, any and all duties and obligations of such Investors or guarantors thereunder and any and all rights to compel performance and enforce the provisions thereof against such Investors or guarantors and otherwise pursue
remedies against such Investors or guarantors with respect thereto; 
 (iii) any and all agreements, instruments and
other documents of every kind or description to the extent evidencing or supporting obligations under any of the foregoing Collateral and any and all security and other property with respect to such Collateral; 

(iv) each Collateral Account, including but not limited to any and all funds and financial assets on deposit therein or
credited thereto; and 
 (v) any and all proceeds of any of the foregoing Collateral including, without limitation, all
of the records of the Guarantor concerning any of the foregoing Collateral; excluding (A) any funds properly withdrawn from a Collateral Account (or that could be withdrawn pursuant to the Credit Agreement if deposited or credited to a
Collateral Account) to the extent used, pursuant to the terms of the Guarantor’s Governing Documents, to purchase Portfolio Investments (other than Permitted Investments deposited in or credited to any such account), to make payments or
distributions to Investors in accordance with the terms hereof or for any other purpose permitted under the Guarantor’s Governing Documents and this Credit Agreement, and (B) the proceeds of such withdrawn funds (the items in (A) and
(B), collectively “Excluded Proceeds”). 
 Notwithstanding the foregoing or anything to the contrary in this Credit
Agreement or any other Loan Document (i) the term “Collateral” shall not include the Unfunded Capital Commitments of the SOX Insiders, including but not limited to the right to draw down Investor Capital Contributions on such Unfunded
Capital Commitments, or any other interests of the SOX Insiders, if any, unless so elected by the Guarantor in its discretion, (ii) the term “Collateral” shall not include any Portfolio Investment, any Portfolio Assets or any Excluded
Proceeds, (iii) the term “Collateral” shall not include any collateral posted or received in connection with the Swap Agreements, (iv) the Collateral may be subject to Permitted Liens, (v) a Borrower or the Guarantor may
maintain other bank accounts or securities accounts in addition to the Collateral Accounts that will not be considered “Collateral” and such other accounts shall not be subject to control agreements or other restrictions and (vi) the
Administrative Agent and the Secured Parties shall not have any Lien on any property that is not “Collateral”, except in connection with any Swap Agreement, as provided therein. 

  
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 (b) Guaranties of Credit Providers and Side Letters. Each Included
Investor shall provide, if such Investor would not be an Included Investor but for the guaranty or other Credit Link Documents of its Credit Provider as contemplated in the definition of “Credit Provider”, evidence reasonably satisfactory
to the Administrative Agent of such guaranty or other Credit Link Documents. The Administrative Agent shall use its commercially reasonable efforts to approve or disapprove any Side Letter with respect to a proposed Included Investor within ten
(10) Business Days after receipt from a Borrower or the Guarantor. 
 (c) Reliance. Each Borrower and the
Guarantor agrees that the Administrative Agent and each Lender has entered into this Credit Agreement, extended credit hereunder and at the time of each Borrowing or each issuance of a Letter of Credit, will make such Borrowing or issuance of such
Letter of Credit in reasonable reliance on the obligations of the Investors to fund their respective Unfunded Capital Commitments and accordingly during the continuance of an Event of Default (but subject to Section 10.5), such Unfunded
Capital Commitments may be enforced in the name of the Guarantor by the Administrative Agent, on behalf of the Lenders, pursuant to the terms of the Loan Documents in accordance with the Governing Documents, Subscription Agreements and Side Letters,
directly against the Investors without further action by the Guarantor and notwithstanding any compromise of any such Unfunded Capital Commitment by the Guarantor, as provided in 6 Del. C. §17-502(b)(1).

 (d) Collateral/Collateral Documents. The collateral security set forth in subsection (a) of this
Section 5.1 shall be collectively referred to herein as the “Collateral”. The security agreements, assignments, collateral assignments and any other documents and instruments from time to time executed and
delivered pursuant to this Credit Agreement to grant a security interest in the Collateral, including, without limitation, the Security Agreements, the Collateral Account Pledges, the Control Agreement, and any documents or instruments amending or
supplementing the same, shall be collectively referred to herein as the “Collateral Documents”. 

5.2 Required Accounts; Investor Capital Calls. 
  

	 	(a)	 Required Accounts. 

(i) The Guarantor shall, prior to the Closing Date, establish, one or more Collateral Accounts, as applicable, and shall
direct all Investor Capital Contributions received by the Guarantor into such Collateral Accounts (it being understood and agreed, for the avoidance of doubt, that (i) subject to compliance with Section 9.12, the Credit Parties may
maintain other accounts into which Investor Capital Contributions may be transferred from the Collateral Accounts and (ii) such other accounts will not constitute Collateral and will not be subject to the control of the Administrative Agent or
any other restrictions under this Credit Agreement and the other Loan Documents). Each Collateral Account shall 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
be a deposit account or a securities account (as defined in the UCC or substantial equivalent under foreign law) established with an Eligible Institution, as deposit bank or securities
intermediary, in the name of the Guarantor into which financial assets may be credited and as to which such Eligible Institution, as deposit bank or securities intermediary, undertakes to treat the Administrative Agent, on behalf of the Lenders, as
entitled to exercise the rights that comprise such deposit account or financial assets in accordance with the terms of the Control Agreement. If such deposit bank or securities intermediary ceases to be an Eligible Institution, the Guarantor will
have thirty (30) days following notice from the Administrative Agent to move the Collateral Accounts to another Eligible Institution reasonably acceptable to the Administrative Agent, on behalf of the Lenders. If the deposit bank or securities
intermediary terminates the Control Agreement, the Guarantor shall open new accounts that are subject to a Control Agreement with a replacement deposit bank or securities intermediary, which is an Eligible Institution, within thirty (30) days
of such termination. 
 (ii) The Guarantor shall cause each Collateral Account to be subject at all times to a Control
Agreement pursuant to which the Administrative Agent, on behalf of the Lenders, shall be entitled to assume exclusive control thereof upon notice to that effect to the applicable Eligible Institution; provided that the Administrative Agent
shall not deliver any such notice unless a Cash Control Event has occurred and is continuing. Each Collateral Account shall continue to be held in the name of the Guarantor after the Administrative Agent has assumed exclusive control thereof. All
monies, instruments, investment property or other property credited to the Collateral Accounts pursuant to this Credit Agreement and all other property credited to the Collateral Accounts constitute part of the Collateral (including all cash and
Permitted Investments) (other than Excluded Proceeds) and shall be applied in the manner set forth herein. The Guarantor may direct the institution that holds a Collateral Account to invest the funds in such accounts solely in Permitted Investments,
and the Credit Parties may withdraw funds from the Collateral Accounts only in compliance with Section 9.12 (it being understood and agreed that withdrawals from other accounts will not be restricted). 

(b) No Duty. Notwithstanding anything to the contrary herein contained, it is expressly understood and agreed that no
Secured Party (i) undertakes any duties, responsibilities, or liabilities with respect to the Investor Capital Calls issued by any Credit Party, (ii) shall be required (except in connection with a Secured Party making Investor Capital
Calls) to refer to the Constituent Documents of any Credit Party, or a Subscription Agreement, or take any other action with respect to any other matter that might arise in connection with the Constituent Documents of any Credit Party, a
Subscription Agreement, any Investor Capital Call, (iii) shall have any duty to determine or inquire into any happening or occurrence or any performance or failure of performance of any Credit Party or any of the Investors, and (iv) shall
have any duty to inquire into the use, purpose, or reasons for the making of any Investor Capital Call by any Credit Party or the investment or use of the proceeds thereof. 

  
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 (c) Investor Capital Calls; Investor Capital Calls by the Administrative
Agent. The Guarantor will issue Investor Capital Calls at such times as are necessary in order to ensure the timely payment of the Obligations hereunder. For purposes of repaying the Obligations (subject to Section 10.5 in all
respects), the Borrowers and the Guarantor hereby irrevocably authorize and direct the Secured Parties, acting through the Administrative Agent, to charge from time to time the Collateral Accounts, for amounts not paid by any Borrower or the
Guarantor when due to the Secured Parties (after the passage of any applicable grace period provided in Section 10.1 and Section 3.3(c)) (excluding any amounts therein which are not part of the Collateral); provided that
promptly after any disbursement of funds from any such account to the Secured Parties, as contemplated in this Section 5.2(c), the Administrative Agent shall deliver a written notice of such disbursement to the Borrowers. Subject to
Section 10.2 and Section 10.5 in all respects, the Administrative Agent, on behalf of the Secured Parties, is hereby authorized, in the name of the Secured Parties or the name of the Guarantor or by way of enforcement of the
Collateral or part thereof, at any time or from time to time during the continuance of an Event of Default, solely for the purpose of repaying the Obligations and, to the extent relevant, in accordance with the applicable Constituent Documents, to:
(i) initiate one or more Investor Capital Calls in order to pay the Obligations then due and owing; (ii) take or bring in Guarantor’s name, or that of the Secured Parties, all steps, actions, suits, or proceedings deemed by the
Administrative Agent necessary or desirable to effect possession or collection of payments of the Unfunded Capital Commitments; (iii) complete any contract or agreement of Guarantor in any way related to payment of any of the Unfunded Capital
Commitments; (iv) make allowances or adjustments related to any of the Unfunded Capital Commitments; (v) compromise any claims related to any of the Unfunded Capital Commitments; (vi) issue credit in its own name or the name of
Guarantor; or (vii) exercise any other right, privilege, power, or remedy provided to Guarantor under any Constituent Documents or Subscription Agreement with respect to Unfunded Capital Commitments. Regardless of any provision hereof, in the
absence of bad faith, gross negligence or willful misconduct by the Administrative Agent or the Secured Parties, neither the Administrative Agent nor the Secured Parties shall be liable for failure to collect or for failure to exercise diligence in
the collection, possession, or any transaction concerning, all or part of the Investor Capital Calls, the Unfunded Capital Commitments, or sums due or paid thereon, nor shall they be under any obligation whatsoever to anyone by virtue of the
security interests and Liens relating to the Unfunded Capital Commitments. The Administrative Agent shall give the Borrowers and the Guarantor notice of actions taken pursuant to this Section 5.2(c) concurrently with, or promptly after,
the taking of such action, but its failure to give such notice shall not affect the validity of such action, nor shall such failure give rise to defenses to the Borrowers’ or Guarantor’s obligations hereunder. 

(d) Additional Action by the Administrative Agent. Subject to Section 10.2 and Section 10.5 in
all respects, during the existence of an Event of Default, issuance by the Administrative Agent, on behalf of the Secured Parties, of a receipt to any Person obligated to pay any Investor Capital Contribution with respect to the Unfunded Capital
Commitments for the purposes of repaying the Obligations shall be a full and complete release, discharge, and acquittance of such Person to the extent of any 

  
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amount so paid to the Collateral Accounts for the benefit of the Secured Parties, so long as such amounts shall not be invalidated, declared to be fraudulent or preferential, set aside or
required to be repaid to a trustee, receiver or any other Person under any insolvency law, state or federal law, common law or equitable doctrine. Subject to Section 10.5 in all respects, the Administrative Agent, on behalf of the
Secured Parties, pursuant to one or more pledges, is hereby authorized and empowered, during the existence of an Event of Default, on behalf of the Primary Borrower and each other Credit Party to endorse the name of the Primary Borrower or each such
Credit Party upon any check, draft, instrument, receipt, instruction, or other document or items, including, but not limited to, all items evidencing payment upon an Investor Capital Contribution of any Person to any Credit Party coming into the
Administrative Agent’s possession, and to receive and apply the proceeds therefrom in accordance with the terms of this Credit Agreement. Subject to Section 10.5 in all respects, during the existence of an Event of Default, solely
for the purpose of repaying the Obligations, the Administrative Agent, on behalf of the Secured Parties, is hereby granted an irrevocable power of attorney, which is coupled with an interest, to (i) carry out any and all actions listed in
Section 5.2(c)(i) -(vii); and (ii) execute all checks, drafts, receipts, instruments, instructions, or other documents, agreements, or items on behalf of any Credit Party, either before or after demand of payment of the Obligations,
as shall be deemed by the Administrative Agent to be necessary or advisable, in the sole discretion, reasonably exercised, of the Administrative Agent for the purposes of repaying the Obligations or to protect the first priority security interests
and Liens in the Unfunded Capital Commitments and neither the Administrative Agent nor the other Secured Parties, in the absence of bad faith, gross negligence or willful misconduct, shall incur any liability in connection with or arising from its
exercise of such power of attorney. 
 The application by the Secured Parties of such funds shall, unless the Administrative
Agent shall agree otherwise in writing, be the same as set forth in Section 3.4. The parties hereto acknowledge that all funds so transferred into the Collateral Accounts shall be the property of the Guarantor subject to the first
priority security interest of the Administrative Agent therein (subject to Permitted Liens). 
 (e) No
Representations. Neither the Administrative Agent nor any Secured Party shall be deemed to make at any time any representation or warranty as to the validity of any Investor Capital Call nor shall the Administrative Agent or the Secured Parties
be accountable for any Borrower Party’s use of the proceeds of any Investor Capital Contribution. 
 (f) Except in
accordance with the provisions of this Credit Agreement or the Constituent Documents of the Guarantor, during the existence of any Event of Default, the Guarantor shall not, without the prior written consent of the Administrative Agent which may be
withheld in its sole discretion: (i) cancel, reduce, excuse, or abate the contributions received, or which shall be received, from the Investors without the prior written consent of the Administrative Agent which may be withheld in its sole
discretion; or (ii) relieve, excuse or delay the Investors from the making of, or postpone, compromise or abate, any such contribution; it being acknowledged and agreed that (except as specified in this clause (f)) the Guarantor may at any time
and from time to 

  
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time by agreement between the Guarantor and the Investors (without the need for agreement or other actions by any other Person) increase, decrease (but not to less than zero) or otherwise change
the amount of the Capital Commitments (as defined in the Constituent Document) to the Guarantor of the Investors without limitation under this Agreement, the Security Agreement, or other Loan Documents. 

(g) Except with the prior written consent of the Supermajority Lenders or as otherwise contemplated herein, the Guarantor shall
not sell, mortgage, hypothecate, assign, transfer or otherwise encumber its interest in the Collateral, or any portion thereof. 
 It is hereby acknowledged
that the Guarantor debits the brokerage accounts of certain PWM Investors held at Goldman Sachs to satisfy such PWM Investor’s obligation to fund Investor Capital Contributions. In connection with such process, a PWM Investor may be required to
fund the necessary amount to its brokerage account at Goldman Sachs via a series of wires (including by initially funding to an aggregating deposit account in the name of Goldman Sachs for such purpose). The Guarantor agrees that it will ensure that
such Investor Capital Contribution amounts are then credited to the applicable Collateral Accounts of such PWM Investors when called in accordance with the terms of the Constituent Documents and the terms hereof. 

5.3 Lender Offset. In addition to the rights granted to the Administrative Agent and the Secured Parties under
Section 5.2, each Borrower and the Guarantor hereby grants to each Secured Party a right of offset to secure the repayment of the aggregate Obligations when due to the Secured Parties (solely after the passage of any applicable grace
period and otherwise in accordance with the provisions of this Credit Agreement), upon any and all monies, securities, or other property of such Borrower or Guarantor, and the proceeds therefrom, now or hereafter held or received by or in transit to
the Secured Parties, from or for the account of such Borrower or Guarantor, as applicable, whether for safekeeping, custody, pledge, transmission, collection, or otherwise, and also upon any and all deposits (general or specified) and credits of
such Borrower or Guarantor and any and all claims of such Borrower or Guarantor, against the Secured Parties at any time existing. Subject in all respects to Section 10.5, the Secured Parties are hereby authorized at any time and from
time to time during the existence of an Event of Default, without prior notice to any Borrower or the Guarantor, to offset, appropriate, apply, and enforce such right of offset against any and all items referred to above against the Obligations.
Each Borrower or the Guarantor shall be deemed directly indebted to the Secured Parties in the full amount of the aggregate Obligations, and the Secured Parties shall be entitled to exercise the rights of offset provided for above. The rights of the
Secured Parties under this Section 5.3 are subject to Sections 10.5 and 12.2. The Administrative Agent, and the Secured Parties, as applicable, shall give the Borrowers or Guarantor prompt notice of any action taken pursuant to
this Section 5.3, but failure to give such notice shall not affect the validity of such action or give rise to any defense in favor of the Borrowers or Guarantor with respect to such action. 

  
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 5.4 Agreement to Deliver Additional Collateral Documents. The Credit
Parties shall deliver such security agreements, financing statements, assignments, notices and acknowledgments, and other collateral documents (all of which shall be deemed part of the Collateral Documents), in form and substance reasonably
satisfactory to the Administrative Agent, as the Administrative Agent acting on behalf of the Secured Parties may reasonably request from time to time for the purpose of granting to, or maintaining or perfecting in favor of the Secured Parties,
first priority (but subject to Permitted Liens) security interests in the Collateral with respect to which the Guarantor is granting a security interest to the Administrative Agent, together with other assurances of the enforceability and first
priority of the Secured Parties’ Liens and assurances of due recording and documentation of the Collateral Documents and financing statements, assignments, notices and acknowledgements or copies thereof, as the Administrative Agent may
reasonably require to avoid material impairment of the first priority Liens and security interests granted or purported to be granted pursuant to this Section 5. 

5.5 Subordination. After the occurrence and during the continuance of an Event of Default, no Credit Party shall make
any payments or advances of any kind, directly or indirectly, on any debts and liabilities to any other Credit Party whether now existing or hereafter arising and whether direct, indirect, several, joint and several, or otherwise, and howsoever
evidenced or created (collectively, the “Other Claims”); provided, however, that a Credit Party may make payment to the Investment Manager and its respective Affiliates for any accrued management fees, incentive
fees or other similar fees or compensation due and owing pursuant to the applicable Constituent Document so long as (a) such fees are paid from monies or sums not constituting any part of the Collateral and (b) neither the Investment
Manager nor its Affiliates are in default with respect to their obligations to fund Investor Capital Contributions. All Other Claims, together with all liens, security interests, and all other encumbrances or charges on assets securing the payment
of all or any portion of the Other Claims shall at all times during the occurrence and continuance of an Event of Default be subordinated to and inferior in right and in payment to the Obligations and all liens, security interests, and all other
encumbrances or charges on assets securing all or any portion of the Obligations, and each Credit Party agrees to take such actions as are necessary to provide for such subordination between it and any other Credit Party, inter se, including
but not limited to including provisions for such subordination in the documents evidencing the Other Claims. 
 Section 6. CONDITIONS
PRECEDENT TO LENDING. 
 6.1 Obligations of the Lenders. The obligations of the Lenders to advance the initial
Borrowing shall become effective on the Closing Date, subject to the Administrative Agent’s receipt of the following: 

(a) Credit Agreement. This Credit Agreement, duly executed and delivered by the Credit Parties; 

(b) Notes. A Note duly executed and delivered by the Primary Borrower to each Lender in accordance with
Section 3.1 and dated as of the Closing Date; 
 (c) Fee Letter. The Fee LettersLetter, duly executed and delivered by the parties thereto; 

  
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 (d) Security Agreement. A Security Agreement duly executed and
delivered by the Guarantor, substantially in the form of Exhibit C hereto or otherwise in form and substance satisfactory to the Administrative Agent in its sole discretion; 

(e) Collateral Accounts. 

(i) evidence of the establishment of the Collateral Accounts; 

(ii) the Control Agreement duly executed and delivered by the Guarantor and State Street Bank and Trust Company, as securities
intermediary, in form and substance satisfactory to the Administrative Agent in its reasonable discretion; and 

(iii) the Collateral Account Pledge duly executed and delivered by the Guarantor, in form and substance satisfactory to
the Administrative Agent in its reasonable discretion. 
 (f) Filings. 

(i) Searches of Filings in the appropriate public offices of the applicable Governmental Authority in the jurisdiction of
formation or incorporation of the Credit Parties, or where a Filing has been or would need to be made in order to perfect the Administrative Agent’s first priority security interest on behalf of the Secured Parties in the Collateral, copies of
the Filings on file in such jurisdictions and evidence that no Liens exist, or, if necessary, copies of proper Filings, if any, filed on or before the date hereof necessary to terminate all security interests and other rights of any Person in any
Collateral previously granted; and 
 (ii) Filings in form and substance satisfactory to the Administrative Agent for
each applicable jurisdiction with respect to the Collateral together with evidence satisfactory to the Administrative Agent, in its sole discretion, that the same have been filed or will be submitted for filing promptly following the Closing Date in
the appropriate public filing offices of the applicable Governmental Authority in each case to perfect the Secured Parties’ first priority security interest in the Collateral. 

(g) Responsible Officer Certificates. A certificate from a Responsible Officer of each then existing Credit Party, in
the form of Exhibit J; 
 (h) Constituent Documents. True and complete copies of the Constituent Documents
of each Credit Party, together with certificates of existence, incorporation or registration (as applicable) and good standing of each Credit Party, in each case as in effect on the date hereof and in form and substance satisfactory to the
Administrative Agent in its sole discretion; 

  
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 (i) Authority Documents. Certified resolutions of each Credit Party,
authorizing its entry into the transactions contemplated herein and in each other Loan Document to which it is a party; 

(j) Incumbency Certificate. From each Credit Party, a signed certificate of a Responsible Officer, who shall
certify the names of the Persons authorized, on the date hereof, to sign each of the Loan Documents to which it is party and the other documents or certificates to be delivered pursuant to the Loan Documents on behalf such Credit Party, together
with the true signatures of each such Person. The Administrative Agent may conclusively rely on such certificate until it shall receive a further certificate canceling or amending the prior certificate and submitting the signatures of the Persons
named in such further certificate; 
 (k) Opinions. A favorable written opinion of Fried, Frank, Harris,
Shriver & Jacobson LLP, counsel to the Credit Parties; 
 (1) Investor Documents. 

(i) with respect to Investors listed on Exhibit A hereto as of the Closing Date, a copy of each of the documents such
Included Investor, is required to deliver as set forth in the definition of “Included Investor”; 
 (ii) (x)
copies of Subscription Agreements of the PWM Investors listed on Exhibit A hereto (as identified by number thereon) as of the Closing Date have been delivered to the Escrow Agent, for the benefit of the Secured Parties, (y) Subscription
Agreements of the Institutional Investors listed on Exhibit A hereto as of the Closing Date have been delivered to the Administrative Agent for the benefit of the Administrative Agent, for the benefit of the Secured Parties; 

(iii) a certificate of the Primary Borrower and the Guarantor certifying that true, correct and complete copies of the
Subscription Agreements of the PWM Investors listed on Exhibit A hereto (as identified by number thereon) as of the Closing Date have been delivered to the Escrow Agent in accordance with the terms of the Escrow Agreement (which shall be
provided within fifteen (15) days of the Closing Date); 
 (iv) a duly executed receipt of the Escrow Agent,
acknowledging custody of the Subscription Agreements for each of the PWM Investors listed on Exhibit A hereto (as identified by number thereon) as of the Closing Date in accordance with the Escrow Agreement and Investor contact information as
contemplated in Section 8.20 (which shall be provided within fifteen (15) days of the Closing Date); and 

(v) in accordance with the Escrow Agreement, contact information for each PWM Investor provided to the Escrow Agent in
form and substance sufficient to permit the Administrative Agent to make an Investor Capital Call on all such Investors should it be authorized and elect to do so hereunder. 

  
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 (m) No Proceedings. There shall be no Proceeding, pending or to the
actual knowledge of a Responsible Officer of any Credit Party, threatened that purports to affect any Credit Party or any transaction contemplated under any Constituent Document of a Credit Party or the Loan Documents; 

(n) ERISA Status. With respect to each Credit Party, either (i) an Operating Company Opinion, addressed to the
Secured Parties, reasonably acceptable to the Administrative Agent and its counsel, regarding the status of such Credit Party, as an Operating Company (or a copy of such Credit Party’s, as applicable, Operating Company Opinion, reasonably
acceptable to the Administrative Agent and its counsel, together with a Reliance Letter with respect thereto); provided that such opinion delivery requirement under this clause (i) may alternatively be satisfied by delivery to the
Secured Parties of a certificate of a Responsible Officer with respect to such Credit Party’s most recent Annual Valuation Period to the effect that the assets of such Credit Party are not Plan Assets and stating the basis for such conclusion
or (ii) a certificate, addressed to the Secured Parties, signed by a Responsible Officer of such Credit Party that the underlying assets of such Credit Party do not constitute Plan Assets because less than twenty-five percent (25%) of the total
value of each class of equity interests in such Credit Party is held by “benefit plan investors” within the meaning of Section 3(42) of ERISA; 

(o) Fees; Costs and Expenses. Payment of all fees and other amounts due and payable on or prior to the Closing
Date, including pursuant to the Fee Letter, and payment of all reasonable expenses required to be reimbursed or paid by the Borrowers hereunder, including, without limitation, the fees and disbursements invoiced at least three (3) Business Days
prior to the date hereof of the Administrative Agent’s special counsel, Cadwalader, Wickersham & Taft LLP, which may be deducted from the proceeds of such initial Borrowing; 

(p) Investment Management Agreement. A copy of the Investment Management Agreement, duly executed by the parties
thereto; 
 (q) Confidential Private Placement Memorandum. A true and correct copy of the private placement
memoranda of the Guarantor, together with all supplements thereto that have been delivered to Investors, if any; and 

(r) Additional Information. Such other information and documents as may reasonably be requested prior to the
Closing Date by the Administrative Agent and its counsel. 
 6.2 Conditions to all Loans. The obligations of the
Lenders to advance each Borrowing (including, without limitation, the initial Borrowing) and the obligation of the Letter of Credit Issuer to cause the issuance of Letters of Credit are subject to the following conditions precedent: 

(a) Representations and Warranties. The representations and warranties (other than those set forth in
Section 7.8 which shall be replaced with the condition in Section 6.2(b)) set forth herein and in the other Loan Documents are true and correct in all material respects on and as of the date of the advance of such Borrowing
or issuance of such Letter of Credit with the same force and effect as if made on and as of such date (or with respect to representations or warranties made as of a specified earlier date are true and correct in all material respects as of such
earlier date); 

  
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 (b) No Default. No event shall have occurred and be continuing, or
would result from the Borrowing or the issuance of the Letter of Credit which constitutes an Event of Default or a Default; 

(c) Request for Borrowing. The Administrative Agent shall have received a Request for Borrowing or Request for
Letter of Credit, together with a Borrowing Base Certificate; 
 (d) Application. In the case of a Letter of
Credit, the Letter of Credit Issuer shall have received a Letter of Credit Application executed by the Borrowers; 

(e) Available Commitment. After giving effect to the proposed Borrowing or issuance of Letter of Credit the
Principal Obligations will not exceed the Available Commitment; 
 (f) Maturity Date. The Maturity Date shall not have
occurred; and 
 (g) Beneficial Ownership Certification. At least three (3) Business Days prior to any Borrowing
or issuance of Letter of Credit, unless there has been no material change to the Beneficial Ownership Certification previously provided by a Credit Party pursuant hereto, such Credit Party that qualifies as a “legal entity customer” under
the Beneficial Ownership Regulation shall have delivered to the Lenders an updated Beneficial Ownership Certification. 
 6.3
Conditions to Qualified Borrower Loans. The obligations of the Lenders to advance a Borrowing to a Qualified Borrower or to cause the issuance of a Letter of Credit to a Qualified Borrower are subject to the following additional conditions
precedent: 
 (a) Qualified Borrower Note. The Administrative Agent shall have received from such Qualified
Borrower a duly executed and delivered Qualified Borrower Promissory Note or Qualified Borrower Letter of Credit Note, as applicable, complying with the terms and provisions hereof; 

(b) [Reserved] 

(c) Authorizations of Qualified Borrower. The Administrative Agent shall have received from such Qualified Borrower
appropriate evidence of the authorization of such Qualified Borrower approving the execution, delivery and performance of the Qualified Borrower Promissory Note or the Qualified Borrower Letter of Credit Note, duly adopted by such Qualified
Borrower, as required by law or agreement, and accompanied by a certificate of an authorized Person of such Qualified Borrower stating that such authorizations are true and correct, have not been altered or repealed and are in full force and effect;

  
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 (d) Incumbency Certificate. The Administrative Agent shall have
received from such Qualified Borrower a signed certificate of the appropriate Person of such Qualified Borrower which shall certify the names of the Persons authorized to sign the Qualified Borrower Note and the other documents or certificates to be
delivered pursuant to the terms hereof by such Qualified Borrower, together with the true signatures of each such Person; 

(e) The Borrower Guaranty. The Administrative Agent shall have received from the Primary Borrower a duly executed
Borrower Guaranty with respect to the Obligations of such Qualified Borrower complying with the terms and provisions hereof; 

(f) Opinions of Counsel to Qualified Borrower. The Administrative Agent shall have received favorable opinions of
counsel to such Qualified Borrower, in form and substance reasonably satisfactory to the Administrative Agent; 

(g) Opinions of Counsel to the Borrower. The Administrative Agent shall have received favorable opinions of counsel
to the Primary Borrower, in form and substance reasonably satisfactory to the Administrative Agent; 
 (h) “Know Your
Customer” Information and Documents. Unless otherwise consented to in writing by the Lenders, (i) true and complete copies of the Constituent Documents of such Qualified Borrower; (ii) the name and address of each Person that has
an ownership interest in such Qualified Borrower of at least twenty-five percent (25%) (or such lesser percentage as may be required from time to time for each Credit Party to be KYC Compliant), and the percentage of such Qualified Borrower owned by
such Person; (iii) the name of each director (or equivalent) of such Qualified Borrower; (iv) to the extent available, the most recent financial statements for such Qualified Borrower or the most recent annual report of such Qualified
Borrower; and (v) such other documentation or information reasonably requested by any Lender to satisfy “Know Your Customer” (or analogous) Laws; 

(i) Fees, Costs and Expenses. Payment of all fees and other invoiced amounts due and payable by any Credit Party on
or prior to the date of such Borrowing or issuance of Letter of Credit and, to the extent invoiced at least two (2) Business Days prior to the date of such Borrowing, reimbursement or payment of all reasonable expenses required to be reimbursed
or paid by any Credit Party hereunder, which may be deducted from the proceeds of such Borrowing; 
 (j) ERISA
Status. With respect to the initial advance to such Qualified Borrower only, either (i) an Operating Company Opinion, addressed to the Secured Parties, reasonably acceptable to the Administrative Agent and its counsel, regarding the status
of such Qualified Borrower as an Operating Company (or a copy of such Qualified Borrower’s Operating Company Opinion, reasonably acceptable to the Administrative Agent and its counsel, together with a Reliance Letter with respect thereto);
provided that 

  
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such opinion delivery requirement under this clause (i) may alternatively be satisfied by delivery to the Secured Parties of a certificate of a Responsible Officer with respect to such
Qualified Borrower’s most recent Annual Valuation Period to the effect that the assets of such Qualified Borrower are not Plan Assets and stating the basis for such conclusion or (ii) a certificate, addressed to the Secured Parties, signed
by a Responsible Officer of such Qualified Borrower stating that the underlying assets of such Qualified Borrower do not constitute Plan Assets because less than twenty-five percent (25%) of the total value of each class of equity interests in such
Qualified Borrower is held by “benefit plan investors” within the meaning of Section 3(42) of ERISA; and 

(k) Additional Information. The Administrative Agent shall have received such other information and documents as
may reasonably be required by the Administrative Agent and its counsel to be KYC Compliant or other regulatory compliance in connection with the addition of any Qualified Borrower that joins the Credit Facility after the Closing Date. 

Section 7. REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES 

To induce the Lenders to make Loans and cause the issuance of the Letters of Credit hereunder, each Credit Party hereby represents and
warrants to the Administrative Agent and the Lenders that: 
 7.1 Organization and Good Standing. Each Credit Party
(a) is duly organized, duly incorporated or duly established and registered, as applicable, (b) is validly existing and in good standing under the laws of its jurisdiction of formation or incorporation (as applicable), (c) has (together
with any other Credit Party) the requisite power and authority to own its properties and assets and to carry on its business as now conducted, and (d) is qualified to do business in each jurisdiction where the nature of the business conducted
or the property owned or leased requires such qualification except where the failure to be so qualified to do business would not have a Material Adverse Effect. 

7.2 Authorization and Power. Each Credit Party (a) has the organizational power and requisite authority to execute,
deliver, and perform its respective obligations under each Loan Document to be executed by it, (b) is duly authorized to, and has taken all organizational action necessary to authorize it to execute, deliver, and perform its obligations under
each Loan Document to be executed by it, and (c) is and will continue to be duly authorized to perform its obligations under each Loan Document to be executed by it. 

7.3 No Conflicts or Consents. None of the execution and delivery of each Loan Document to be executed by each Credit
Party, the consummation of any of the transactions therein contemplated, or the compliance with the terms and provisions thereof, will contravene or conflict, in any material respect, with (a) any provision of law, statute or regulation to
which such Credit Party is subject, (b) any judgment, license, order or permit applicable to such Credit Party, (c) any indenture, mortgage, deed of trust or other material agreement or instrument to which such Credit Party is a party, by
which such Credit Party 

  
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may be bound, or to which such Credit Party may be subject, or (d) its Constituent Documents, in each case, except where such contravention or conflict would not reasonably be expected to
have a Material Adverse Effect. No consent, approval, authorization or order of any court or Governmental Authority or third party is required in connection with the execution and delivery by any Credit Party of any Loan Document to be executed by
it or to consummate the transactions contemplated thereby other than any consent, approval, authorization or order which has been obtained, except where any failure to obtain any consent, approval, authorization or order would not be reasonably
likely to have a Material Adverse Effect. 
 7.4 Enforceable Obligations. Each Loan Document to which each Credit
Party is a party is the legal, valid and binding obligation of such Credit Party, enforceable in accordance with its terms, subject to Debtor Relief Laws and general equitable principles (whether considered a proceeding in equity or at law). 

7.5 Priority of Liens. Subject to compliance with Section 8.13, the Collateral Documents to which it is a
party create, as security for the Obligations, valid and enforceable security interests in and Liens on all of the Collateral in which each Credit Party has any right, title or interest in favor of the Administrative Agent, for the benefit of the
Secured Parties, subject to no other Liens other than Permitted Liens or Liens granted in favor of other Credit Parties which are ultimately in favor of the Administrative Agent, for the benefit of the Secured Parties, in accordance with the Loan
Documents, except as enforceability may be limited by Debtor Relief Laws and general equitable principles (whether considered in a proceeding in equity or at law). Such security interests in and Liens on the Collateral in which each Credit Party has
any right, title or interest shall be, upon filing of the Filings, and taking of such actions as are contemplated by this Credit Agreement and other Collateral Documents, perfected security interests that have priority over security interests of all
third parties in such Collateral (subject to Permitted Liens), and, other than in connection with any future Change in Law or in such Credit Party’s name, identity or structure, or its jurisdiction of organization, as the case may be, no
further Filings are or will be required in connection with the creation or perfection of such security interests and Liens, other than the filing of continuation statements, or their equivalent in accordance with Applicable Laws. 

7.6 Financial Condition. The financial statements and reports required to be delivered pursuant to
Section 8.1 hereof (except for the absence of footnotes in quarterly financial statements or as otherwise disclosed therein) present in all material respects such Borrower’s or the Guarantor’s financial position in accordance
with Generally Accepted Accounting Principles. The Credit Parties, taken as a whole, are Solvent. 
 7.7 Full
Disclosure. All written information (other than projections and other forward-looking statements and information of general industry or economic nature) heretofore furnished by any Credit Party in connection with this Credit Agreement, the other
Loan Documents or any transaction contemplated hereby that has been prepared by a Credit Party or its Affiliates does not contain, and all such information hereafter furnished will not contain, in each case to the actual knowledge of a Responsible
Officer of a Credit Party and when taken as a whole, any untrue statement of a material fact on the date as of which such information is stated or deemed stated. 

  
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 7.8 No Default. Except as has been disclosed to the Administrative
Agent in writing, no event has occurred and is continuing which constitutes an Event of Default or a Default. 
 7.9 No
Litigation. (i) For purposes of this representation and warranty as of the Closing Date, there are no actions, suits, investigations or legal, equitable, arbitration or administrative proceedings in any court or before any arbitrator or
governmental authority (“Proceedings”) pending, or to the actual knowledge of any Responsible Officer of the Borrower threatened, against any Credit Party, other than any such Proceeding that is disclosed in writing by such
Credit Party to the Administrative Agent before the Closing Date, and (ii) for purposes of this representation and warranty as of the date of the advance of any Borrowing after the Closing Date, there are no such Proceedings pending, or to the
actual knowledge of any Responsible Officer of such Borrower threatened, against any Credit Party, other than any such Proceeding that is not reasonably expected to have a Material Adverse Effect. 

7.10 Material Adverse Effect. No changes to any Credit Party have occurred since the date of the most recent financial
statements of such Credit Party delivered to the Administrative Agent, which would reasonably be expected to result in a Material Adverse Effect. 

7.11 Taxes. All U.S. federal income and other material tax returns, information statements and reports required to be
filed by any Credit Party in any jurisdiction have been timely filed and all U.S. federal income and other material Taxes owed by such Credit Party have been timely paid, unless such Taxes are being contested in good faith and adequate reserves are
being maintained in accordance with Generally Accepted Accounting Principles. 
 7.12 ERISA. Assuming no source of
funds used to make the Loans constitutes Plan Assets unless such use of Plan Assets is covered by a prohibited transaction exemption, all the conditions of which are satisfied, the execution, delivery and performance of this Credit Agreement and the
other Loan Documents and the borrowing and repayment of amounts under this Credit Agreement, do not and will not constitute a non-exempt “prohibited transaction” under Section 406(a) of ERISA or
Section 4975(c)(1)(A)—(D) of the Internal Revenue Code. None of the Borrowers’ nor the Guarantor’s assets constitute Plan Assets. No Borrower nor Guarantor maintains or has any liability to a Plan. Except as could not reasonably
be expected to result in a Material Adverse Effect, no Borrower nor the Guarantor has any liability to an ERISA Affiliate Plan. 

7.13 Compliance with Law. Each Credit Party, to such Credit Party’s knowledge, is in compliance in all respects
with all Laws which are applicable to it or its properties except where non-compliance would not be reasonably likely to have a Material Adverse Effect. 

  
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 7.14 Environmental Matters. There have been no past, and there are no
pending or, to the actual knowledge of any Responsible Officer of any Borrower, threatened, claims, complaints, notices, or governmental inquiries against such Borrower (but for clarification excluding any and all such claims, complaints, notices or
governmental inquiries relating solely to any Portfolio Investment or Portfolio Investment Vehicles) regarding any alleged violation of, or potential liability under, any Environmental Laws that would reasonably be expected to have a Material
Adverse Effect. The Borrowers’ properties (but for clarification excluding any properties relating solely to any Portfolio Investment or Portfolio Investment Vehicles) are in compliance with all Environmental Laws and related licenses and
permits except where non-compliance would not be reasonably likely to have a Material Adverse Effect. No conditions exist at, on or under any real property now owned or leased by the Borrowers or, to the
actual knowledge of any Responsible Officer of any Borrower, existed at, on or under any real property previously owned or leased by the Borrowers at the last date so owned or leased that, in either case, could give rise to liability under any
Environmental Law that would reasonably be expected to have a Material Adverse Effect. 
 7.15 Investor Information;
Investor Capital Commitments and Contributions. The names of all of the Investors (excluding PWM Investors which shall be listed by number) are set forth on Exhibit A attached hereto and incorporated herein by reference (or on a revised
Exhibit A delivered to the Administrative Agent in accordance with Sections 8.1, 8.2 or 9.5(a)), and the Investor Capital Commitment of each Investor (including PWM Investors) is set forth on Exhibit A (or on any such
revised Exhibit A). Notice of each Investor who is a SOX Insider is set forth on Exhibit A. Exhibit A, as it may be updated in writing from time to time by the Borrowers or the Guarantor, is true and correct in all material
respects. Since the Closing Date, no Investor Capital Calls have been delivered to any Investors other than any that have been disclosed in writing to the Administrative Agent as and to the extent required by Section 8.1. The Governing
Documents, Subscription Agreement (and any related Side Letter) sets forth each Investor’s entire agreement regarding its Investor Capital Commitment. As of the Closing Date, (i) the aggregate amount of the Investor Capital Commitments of
all Investors (including PWM Investors) is set forth on Exhibit A hereto and (ii) the aggregate Unfunded Capital Commitment of all Investors (including PWM Investors) that could be subject to an Investor Capital Call is set forth on
Exhibit A hereto. A copy of each Side Letter that has been executed by an Investor and the Guarantor has been provided to the Administrative Agent. Other than as disclosed in writing to the Administrative Agent promptly after such
circumstance, since the Closing Date, no Investor has been (i) excused or exempted from funding any Investor Capital Contribution; (ii) requested or been asked to withdraw from the Guarantor; (iii) been precluded from or requested
exclusion from any Portfolio Investment; or (iv) except in compliance with Section 8.2, transferred its interest in the Guarantor. The Guarantor has, to the actual knowledge of its respective Responsible Officers, (i) satisfied
all applicable conditions precedent, if any, to the issuance of Investor Capital Calls under its Constituent Documents, and (ii) no law, rule, regulation, order or agreement otherwise imposes any material limitation, delay or restriction on the
ability of the Guarantor to issue Investor Capital Calls. The Borrowing Base Certificate, as it may be updated in writing from time to time by the Credit Parties, is true and correct in all material respects. 

  
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 7.16 Fiscal Year. The fiscal year of the Primary Borrower is the
calendar year. 
 7.17 Principal Office; Jurisdiction of Formation; Organizational Structure. 

(a) Each of the principal office, chief executive office, and principal place of business of each Borrower and the Guarantor
is correctly listed on Schedule I as the same may be updated by written notice to the Administrative Agent from time to time in accordance with this Credit Agreement; (b) the jurisdiction of formation of each Borrower and the Guarantor
is correctly listed on Schedule I, and each Borrower and the Guarantor is not organized under the laws of any other jurisdiction; and (c) the information contained on Schedule I is accurate in all respects. 

7.18 Margin Stock. No Borrower is engaged in the business of extending credit for the purpose of purchasing or carrying
Margin Stock, and no proceeds of any Loan will be used: (a) to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock; (b) to reduce or retire any Indebtedness which was
originally incurred to purchase or carry any such Margin Stock; or (c) for any other purpose which might constitute this transaction a “purpose credit” within the meaning of Regulation T, U, or X. No Borrower nor any Person acting on
behalf of a Borrower has taken or will take any action which could reasonably be expected to cause any Loan Document to violate Regulation T, U or X of the Board of Governors of the Federal Reserve System or to violate Section 7 of the
Securities Exchange Act, in each case as now in effect or as the same may hereafter be in effect. No Loan will be secured at any time by, and the Collateral in which the Guarantor has granted to the Administrative Agent, for the benefit of each of
the Secured Parties, a security interest and Lien pursuant to the Collateral Documents will not contain at any time any Margin Stock. Following the application of the proceeds of each borrowing, not more than twenty-five percent (25%) of the value
of the assets (either of any Borrower individually or of such Borrower and its Subsidiaries on a consolidated basis) subject to any restriction contained in any agreement or instrument between such Borrower and any Lender or any Affiliate of any
Lender relating to Indebtedness will be Margin Stock. 
 7.19 Investment Company Act. No Credit Party is registered or
required to be registered as an “investment company” within the meaning of the Investment Company Act. 
 7.20
No Defenses. No Responsible Officer of a Credit Party has actual knowledge of (a) any default or circumstance which with the passage of time and/or giving of notice would constitute an event of default by such Credit Party under its
Constituent Documents or any Subscription Agreement which would constitute a defense to the obligations of any Investor to make Investor Capital Contributions to the Guarantor in accordance with its Subscription Agreement or the Governing Documents
and (b) any claims of offset or any other claims of any Investor against the Guarantor which would or could materially and adversely affect the obligations of such Investor to make Investor Capital Contributions and fund Investor Capital Calls
in accordance with its Subscription Agreement (and any related Side Letters), or the Governing Documents, other than, in each case, that which has been disclosed in writing by the Guarantor to the Administrative Agent. 

  
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 7.21 Indebtedness. None of the Borrowers or the Guarantor has
outstanding any Indebtedness except (a) the Obligations incurred hereunder, and (b) other Indebtedness permitted to be incurred pursuant to Section 9.11. 

7.22 No Withdrawals Without Approval. No Investor is permitted to withdraw its interest in the Guarantor (other than
permitted transfers pursuant to Section 8.2) . 
 7.23 Anti-Money Laundering and Foreign Asset Control
Laws. 
 (a) Each Credit Party is subject to policies and procedures that are reasonably designed to ensure compliance by
such Credit Party and its subsidiaries with the Trading with the Enemy Act (50 U.S.C. App. §§ 1 et seq.), as amended, the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as
amended) or any enabling legislation or executive order relating thereto and (iii) the PATRIOT Act. 
 (b) No Credit
Party nor any of its Subsidiaries nor any director, officer, employee, agent or Affiliate of a Credit Party or any of its Subsidiaries is an individual or entity that is, or is owned or controlled by a Sanctioned Person. The Credit Parties are
subject to policies and procedures that are reasonably designed to ensure and which are reasonably expected to continue to ensure, compliance by each Credit Party with any applicable anti-bribery law, including but not limited to, the United Kingdom
Bribery Act 2010, as amended (the “UK Bribery Act”) and the U.S. Foreign Corrupt Practices Act of 1977, as amended (the “FCPA”). To the knowledge of the Responsible Officers of each Credit Party (after
having made all reasonable investigation), no Investor’s funds have been used to violate, or were derived from violations of, any applicable anti-bribery law, including but not limited to, the UK Bribery Act and the FCPA. No part of the
proceeds of the Loans will be used, directly or indirectly, for any payments that could constitute a violation of any applicable anti-bribery law, including but not limited to, the UK Bribery Act and the FCPA. 

(c) No Investor, or Affiliate thereof, is, to the knowledge of the Responsible Officers of the applicable Credit Party (after
having made all reasonable investigation), a Sanctioned Person. To the knowledge of the Responsible Officers of each Credit Party (after having made all reasonable investigation), no Investor’s funds used in connection with this transaction are
derived from illegal or suspicious activities in violation of applicable anti-money laundering Laws. 
 Section 8. AFFIRMATIVE COVENANTS 

So long as any Lender has any commitment to lend or cause the issuance of or participate in any Letter of Credit hereunder, and until
performance and payment in full of all of the Obligations (other than contingent obligations that have not been asserted and Letters of Credit that have been fully Cash Collateralized) under this Credit Agreement and the other Loan 

  
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Documents, each of the Borrowers and the Guarantor (to the extent specifically referenced below in this Section 8) agrees that, unless the Administrative Agent shall otherwise consent
in writing based upon the approval of the Administrative Agent and the Required Lenders (unless the approval of the Administrative Agent alone or a different number of the Lenders is expressly permitted below): 

8.1 Financial Statements, Reports and Notices. The Borrowers and the Guarantor, as applicable, shall deliver to the
Administrative Agent sufficient copies for each Lender of the following: 
 (a) Financial Reports. 

(i) Annual Reports. As soon as available, but no later than one hundred and twenty (120) days after the end of the
fiscal year for the Guarantor beginning with the fiscal year ending December 31, 2018, (x) financial statements of the Guarantor, together with all notes thereto, which statements shall contain a consolidated balance sheet as of the end of such
fiscal year and statements of income and cash flow (each of which can be on a consolidated basis) for such fiscal year, such statements to be audited, together with the unqualified opinion of a firm of nationally-recognized independent certified
public accountants reasonably acceptable to the Administrative Agent, based on an audit using generally accepted auditing standards, that such financial statements were prepared in accordance with Generally Accepted Accounting Principles and present
fairly, in all material respects, the financial condition and results of operations of such party and (y) to the extent provided to Investors, a report setting forth the current market value of the Portfolio Investments, determined by the
Guarantor, in accordance with its standard valuation methodology and consistent with its reports to Investors; provided that delivery of such report in clause (y) may be satisfied by delivery of such report contained in the
Guarantor’s financial statements; and 
 (ii) Quarterly Reports. As soon as available, but no later than
ninety (90) days after the end of the first three fiscal quarters of the Primary Borrower and the Guarantor occurring prior to the Stated Maturity Date, or as soon as practical thereafter, but in no event later than when such statements and
reports are distributed to Investors (x) an unaudited report setting forth as of the end of such fiscal quarter, the balance sheet and income statement (each of which can be on a consolidated basis and which need not be in accordance with
Generally Accepted Accounting Principles) of the Primary Borrower and Guarantor, and (y) a quarterly investor report on Borrower’s or Guarantor, as applicable, performance, all certified by a Responsible Officer of the Primary Borrower or
Guarantor, as applicable; provided that delivery of such report in clause (y) may be satisfied by delivery of such report contained in the Primary Borrower’s or Guarantor’s financial statements. 

(b) Compliance Certificate. Simultaneously with the delivery of the financial reports required under
Section 8.1(a), a compliance certificate (the 

  
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 “Compliance Certificate”), certified by a Responsible Officer of the
Primary Borrower to be true and correct to such Responsible Officer’s actual knowledge, and (i) stating whether any Event of Default or any Default exists as of such delivery date; (ii) stating whether the Primary Borrower and the
Guarantor are in compliance with the Debt Limitations contained in Section 9.11 as of such delivery date and containing the calculations evidencing such compliance; (iii) stating that as of such delivery date no Exclusion Event has
occurred with respect to any Included Investor or, if an Exclusion Event has occurred, the nature of such Exclusion Event; and (iv) setting forth as of such delivery date: (A) the aggregate Unfunded Capital Commitments of the Investors
and, separately, the aggregate Unfunded Capital Commitments of the Included Investors; (B) the calculations for the Available Commitment as of such date; (C) an updated Investor roster, including the names (excluding PWM Investors, which
shall be listed by number) and notice information for all Investors, (D) a list of all new and substitute Investors (it being understood that PWM Investors shall be listed by number); (E) in the case of a Compliance Certificate delivered in
connection with a fiscal quarter end report by each Borrower, a description of the Portfolio Investments acquired, sold or otherwise disposed of by each Borrower during such fiscal quarter to the extent such information is provided to the Investors
generally; and (F) in the case of a Compliance Certificate delivered in connection with a fiscal year-end report by each Borrower a description of the Portfolio Investments acquired, sold or otherwise
disposed of by each Borrower during such fiscal year to the extent such information is provided to the Investors generally; 

(c) Investor Capital Calls. (i) Within three (3) Business Days of issuance, notice of the date of such
capital call (including any capital call that does not have a funding obligation due to a corresponding distribution), the total amount called, the due date, and the amount of Recallable Capital, if any, with respect to each Investor Capital Call
delivered to the Investors; and (ii) a report of all Investors failing to fund their Investor Capital Contributions within five (5) Business Days of when such Investor Capital Contributions are initially due pursuant to the related notice
of an Investor Capital Call therefor, delivered by the close of business of the second Business Day following such fifth Business Day, along with a report in reasonable detail of all Investor Capital Contributions received in the Collateral Accounts
as of the end of such Business Day and thereafter every five (5) Business Days until the earlier of such time that the Investors failing to fund their Investor Capital Contributions have (i) become Excluded Investors pursuant to
Section 2.1(d)(v) or (ii) funded their Investor Capital Contributions; 
 (d) Notice of Withdrawals
and Excuses. Promptly, but no later than (x) five (5) Business Days following receipt thereof (with respect to Included Investors only) and (y) fifteen (15) Business Days following receipt thereof (with respect to non-Included Investors), copies of any notice of withdrawal or request for excuse by such Included Investor; provided that if any PWM Investor who is an Included Investor seeks to be replaced by a new or
existing PWM Investor who is an Included Investor or seeks to Transfer a portion of its Investor Capital Commitment to a new or existing PWM Investor who is an Included Investor, so long as no Borrowing Base deficiency would result in connection
with such replacement or Transfer and all such replacements and Transfers for such month equal an amount of less than 1% of the aggregate Investor Capital Commitments, notice of the related withdrawal by such PWM Investor who is an Included Investor
may be satisfied by inclusion with the next monthly Borrowing Base Certificate provided pursuant to Section 8.1(i) and no additional notice shall be required; 

  
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 (e) ERISA Certification. (i) For each Credit Party that
provided a certificate of a Responsible Officer pursuant to Section 6.1(n)(ii) or Section 6.3(j)(ii), prior to admitting one or more ERISA Investors which would result in twenty-five percent (25%) or more of the total value
of any class of equity interests in such Credit Party being held by “benefit plan investors” within the meaning of Section 3(42) of ERISA, such Credit Party shall deliver an Operating Company Opinion, addressed to the Secured
Parties, reasonably acceptable to the Administrative Agent and its counsel, regarding the status of such Credit Party as an Operating Company (or a copy of such Credit Party’s Operating Company Opinion, reasonably acceptable to the
Administrative Agent and its counsel, together with a Reliance Letter with respect thereto); 
 (ii) With respect to each
Credit Party, for so long as there is any ERISA Investor in such Credit Party, such Credit Party shall provide to the Administrative Agent, no later than thirty (30) days prior to the end of the applicable Annual Valuation Period in the case of
clause (1) below or thirty (30) days after the end of such Credit Party’s fiscal year in the case of clause (2) below, an officer’s certificate signed by a Responsible Officer of such Credit Party that (1) such Credit
Party has remained and still is an Operating Company or (2) the underlying assets of such Credit Party do not constitute Plan Assets because less than twenty-five percent (25%) of the total value of each class of equity interests in such Credit
Party is held by “benefit plan investors” within the meaning of Section 3(42) of ERISA. For the avoidance of doubt, the delivery requirements set forth in this Section 8.1(e) will be of no further force and effect once the Credit
Party’s equity interests in which any ERISA Investor invests qualify as “publicly-offered securities” for purposes of the Plan Asset Regulations. 

(f) ERISA Plan Funding Deficiencies. No later than ten (10) days after becoming aware thereof, notice of any
funding deficiencies with respect to any Plan or any ERISA Affiliate Plan, if such funding deficiency would result in a material liability for any Credit Party; 

(g) Other Reporting. Simultaneously with, or promptly after their delivery to the Investors in the Guarantor,
copies of all other material financial statements, reports, notices, opinions, certificates and other documents at any time or from time to time furnished to all Investors in the Guarantor by the Guarantor (other than any tax returns, or other
schedules or materials relating thereto or documents furnished only to specific Investors); 
 (h) Notice of Material
Adverse Effect. Each Borrower and the Guarantor shall, promptly upon a Responsible Officer of such Borrower or the Guarantor obtaining knowledge thereof, notify the Administrative Agent of any event if such event could reasonably be expected to
result in a Material Adverse Effect; 

  
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 (i) Borrowing Base Certificate. Within ten (10) days of the end
of each calendar month, the Borrowers shall deliver to the Administrative Agent an updated Borrowing Base Certificate certified by a Responsible Officer of each Borrower to be true and correct (i) setting forth a calculation of the Available
Commitment as of such date of delivery, and, if included in the Borrowing Base, certifying the aggregate Recallable Capital included in the Unfunded Capital Commitments and, on a monthly basis, the transfer of Investor Capital Commitments from one
existing PWM Investor to another existing PWM Investor or from an existing PWM Investor to a new PWM Investor and (ii) certifying that no Default or Event of Default exists, or specifying any such Default or Event of Default; provided,
however, that such Borrowing Base Certificate will be delivered more frequently: (i) in connection with any new Borrowing or request for Letter of Credit (and shall be attached to the related Request for Borrowing or Request for Letter
of Credit, as applicable, and shall give pro forma effect to such new Borrowing or such new Letter of Credit); (ii) within three (3) Business Days of the issuance of Investor Capital Calls to Investors (delivered to the Administrative Agent
along with a summary of such Investor Capital Calls and calculated after giving effect to the related Investor Capital Contributions requested by such Investor Capital Calls); (iii) promptly following a transfer of any Included Investor’s,
Investor Capital Commitment (other than in the case of a transfer from one existing PWM Investor to another existing PWM Investor or from an existing PWM Investor to a new PWM Investor, unless such transfer will result in a Borrowing Base deficiency
or cause all transfers for such month to equal 1% or more of the aggregate Investor Capital Commitments, in which case such updated Borrowing Base Certificate shall be delivered and any mandatory prepayment required by this Credit Agreement shall be
made, in each case, prior to the effectiveness thereof); and (iv) no later than five (5) Business Days following the occurrence of (a) any Exclusion Event and a Responsible Officer of a Credit Party obtaining actual knowledge thereof
so long as such Exclusion Event will result in a Borrowing Base deficiency or cause all Exclusion Events for such month to equal 1% or more of aggregate Investor Capital Commitments (in which case, such updated Borrowing Base Certificate shall be
delivered and any mandatory prepayment required by this Credit Agreement shall be made) and otherwise, Exclusion Events may be reported (and a updated Borrowing Base Certificate provided) within ten (10) days of the end of each calendar month
or (b) the reduction of any Investor’s Investor Capital Commitment in accordance with the terms of this Credit Agreement; provided, however, that notwithstanding anything to the contrary in this Credit Agreement or any other
Loan Document, the Borrower is not required to monitor the Ratings of Included Investors, and the Administrative Agent will monitor such Ratings and may adjust the Borrowing Base if the Rating of any Rated Included Investor is downgraded by
providing notice to the Borrowers at least one (1) Business Day in advance of the effective date of such adjustment. 

(j) Unfunded Capital Commitments. Promptly after the occurrence thereof, notice of any cancellation or termination of
the Unfunded Capital Commitment of any Investor pursuant to the Guarantor’s Governing Documents or its Side Letter (not previously reported) (but for the avoidance of doubt, an updated Borrowing Base Certificate shall only be required as set
forth in Section 8.1(i) and not at the same time as the notice required hereunder); 

  
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 (k) Investor Defaults. Within ten (10) Business Days of each
month end, notice of any Investors declared to be in default by the Guarantor pursuant to the terms of the Guarantor’s Governing Documents, if any Investors have been declared to be in default during such preceding month; and 

(l) Other Information. Such other information concerning the business or financial condition of any Borrower or the
Guarantor as the Administrative Agent shall reasonably request and which is not otherwise subject to confidentiality restrictions with third parties. 

8.2 Transfers by Existing Investors. 

(a) If the Guarantor receives any request for the Transfer by an Investor of all or a portion of its interest in the Guarantor,
the Guarantor shall be entitled to permit such transfer in its discretion, so long as immediately after giving effect to such Transfer no mandatory prepayment would be required pursuant to Section 2.1(e); provided that
(x) the Borrowers will provide the Administrative Agent with notice of any such transfer (A) if the applicable transferring Investor is an Institutional Investor, promptly after the consummation thereof, and (B) if the applicable
transferring Investor is a PWM Investor (other than any SOX Insider or a full-time employee of Goldman Sachs), together with the Compliance Certificate pursuant to Section 8.1(b) and the Borrowing Base Certificate pursuant to
Section 8.1(i) with respect to transfers in the calendar quarter then ended, together with a copy of such Investor’s Subscription Agreement or assignment agreement and any applicable Side Letter (redacted as applicable) entered into
with such Person and (y) all Transfers shall be subject to each Credit Party being KYC Compliant as determined by the Administrative Agent. 

(b) If the transferring Investor is an Included Investor and is being released from its obligations to make Investor Capital
Contributions with respect to its Unfunded Capital Commitment, the Borrowers shall, prior to the effectiveness of any such Transfer, calculate whether any mandatory prepayment pursuant to Section 2.1(e) will result from such Transfer
(due to the transferee Investor not being designated as an Included Investor or otherwise) and, if such a mandatory prepayment would be required (calculated after giving effect to such Transfer), the Borrowers shall (i) provide the
Administrative Agent with at least five (5) Business Days’ prior written notice of such Transfer and provide to the Administrative Agent such information as the Administrative Agent shall reasonably request in order to help the
Administrative Agent determine if the transferee will qualify as an Included Investor (provided that such information is available to the Guarantor and is not otherwise subject to confidentiality restrictions between the Guarantor and such
Investor or the transferee) and (ii) either: (x) prior to the effective date of such Transfer, pay to the Lenders the amount, if any, of such mandatory prepayment (for the avoidance of doubt, any such prepayment shall not be subject to
Section 3.5, but shall be subject to Section 4.5) or (y) prior to the effective date of such Transfer, receive the approval of the transferee as an Included Investor from the Administrative Agent so that no mandatory
prepayment will be required in connection with the Transfer. Any such determination shall be governed by the standards and requirements set forth in the definition of 

  
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 “Included Investor”. If the Borrowers are unable to deliver sufficient information
to the Administrative Agent to enable the Administrative Agent to determine whether such transferee Investor satisfies the requirements of an Included Investor prior to such effective date, then such transferee Investor shall be deemed not to have
satisfied such requirements until such time as the Administrative Agent can make such determination; provided that, any transferee Institutional Investor that is otherwise in compliance with the definition of “Included Investor” (as
represented by the Borrowers to the Administrative Agent in the applicable notice of such transfer) shall be deemed an Included Investor with the applicable advance rate and Concentration Limit of an Included Investor that is a PWM Investor unless
and until such time as the Administrative Agent makes the foregoing determination (it being understood that (a) the Administrative Agent will not be able to make such determination until the Borrowers have delivered a copy of such Institutional
Investor’s Subscription Agreement or assignment agreement, any applicable Side Letter (redacted as applicable) entered into with such Person, and a revised Exhibit A, and (b) if the Borrowers do not provide the documentation
described in the preceding clause (a) to the Administrative Agent within thirty (30) days of the effective date of such transfer, such Institutional Investor shall become an Excluded Investor from and after such thirtieth (30th) day
until the Administrative Agent receives such documentation and is able to determine if such Institutional Investor satisfies the requirements of an Included Investor). 

(c) With respect to any transferee Investor which is an existing Included Investor, the amount of the resulting increase in
such transferee Investor’s Unfunded Capital Commitment shall not be included in the Borrowing Base until such transferee Investor has delivered to the Guarantor written confirmation of its obligations under its Subscription Agreement (and any
applicable Side Letter) with respect to its Unfunded Capital Commitment, as increased by such Transfer. 
 (d)
Notwithstanding Sections 8.2(a) -(c) above, if any PWM Investor who is an Included Investor seeks to be replaced by a new or existing PWM Investor, or seeks to Transfer a portion of its Investor Capital Commitment to a new or existing PWM
Investor, (x) the Borrowers must deliver, as applicable, a copy of the new or existing PWM Investor’s Subscription Agreement (to the extent not already received) together with all documents evidencing such transfer to the Escrow Agent
(including the contact information for each such transferee in form and substance sufficient to permit the Administrative Agent to make an Investor Capital Call on such Investors), and (y) unless (A) a mandatory prepayment would be required
pursuant to Section 2.1(e) or such Transfer involved Investor Capital Commitments in an amount greater than 3% of the aggregate Investor Capital Commitments (calculated after giving effect to such Transfer) or (B) the aggregate
Investor Capital Commitments decrease after giving effect to such Transfer, such new or existing transferee PWM Investor shall, without any prior notice to the Administrative Agent, automatically be an Included Investor for all purposes of this
Credit Agreement with respect to the transferred Investor Capital Commitment from the effective date of such transfer (notwithstanding that the actions described in clause (x) of this Section 8.2(d) have not occurred) so long as
such new or existing transferee is otherwise in compliance with the definition of “Included Investor”; provided that if the actions described in clause (x) of this Section 8.2(d) do not occur within thirty
(30) days of the effective date of such transfer, such PWM Investor shall become an Excluded Investor from and after such thirtieth (30th) day until such actions are completed. 

  
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 (e) Upon the effectiveness of any Transfer of an Institutional Investor
interest in the Guarantors, the Borrowers shall promptly deliver a revised Exhibit A to the Administrative Agent. 

(f) Notwithstanding anything contained in this Section 8.2, the Guarantor shall not recognize or permit a Transfer
from any Investor to any other Investor of its interest or any portion thereof if an Event of Default would result from such Transfer. 

8.3 Payment of Taxes. All U.S. federal income and other material Tax returns, information statements and reports
required to be filed by any Credit Party in any jurisdiction will be timely filed and all U.S. federal income and other material Taxes owed by such Credit Party will be timely paid, unless such Taxes are being contested in good faith and adequate
reserves are being maintained in accordance with Generally Accepted Accounting Principles. 
 8.4 Maintenance of Existence
and Rights. Subject to the provisions of this Credit Agreement, each of the Credit Parties will preserve and maintain its existence and all of its rights, privileges, and franchises necessary in the normal conduct of its business and in
accordance with all valid regulations and orders of any Governmental Authority, the failure of which would reasonably be expected to result in a Material Adverse Effect. 

8.5 Notice of Default. The Primary Borrower will furnish to the Administrative Agent, promptly upon any Responsible
Officer becoming aware (and in no event later than the next Business Day after becoming aware) of the existence of any condition or event that, in the opinion of such Responsible Officer, constitutes an Event of Default or a Default, a written
notice specifying the nature and period of existence thereof and the action which any applicable Credit Party is taking or proposes to take with respect thereto. Upon receipt, the Administrative Agent shall promptly provide each Lender with a copy
of any such notice. 
 8.6 Other Notices. 

(a) The Borrowers shall disclose in writing to the Administrative Agent prior to the date of any Request for Borrowing by any
Borrower all Proceedings pending, or, to the actual knowledge of a Responsible Officer of the Credit Parties, threatened in writing, against any Credit Party which are reasonably likely to have a Material Adverse Effect. 

(b) The Borrowers shall promptly upon a Responsible Officer’s receipt of actual knowledge thereof, notify the
Administrative Agent of any of the following events if such event would reasonably be likely to result in a Material Adverse Effect: (i) any change in the financial condition or business of any Credit Party; (ii) any default under any
material agreement, contract, or other instrument to which any Credit Party is a party or by which any of its properties are bound, or any acceleration of the maturity of any material indebtedness owing by a Credit Party; (iii) any uninsured
claim against or affecting a Credit Party or any of its properties; (iv) the commencement of, and any material determination in any Proceeding affecting any Credit Party; or (v) any breach of Section 8.21. 

  
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 (c) The Primary Borrower shall promptly notify the Administrative Agent upon
(i) the receipt of any notice from, or the taking of any other action by, the holder of the Primary Borrower’s promissory notes, debentures or other evidences of Indebtedness with respect to a claimed default involving a principal amount
of Indebtedness in excess of $5,000,000, together with, to the extent the default is not cured at such time, a detailed statement by a Responsible Officer of the Primary Borrower specifying the notice given or other action taken by such holder and
the nature of the claimed default and what action it is taking or proposes to take with respect thereto, but only if such alleged default or event of default (if it were true) would also be a Default or Event of Default; (ii) any dispute
between it (or the Guarantor) and any Governmental Authority or any other Person which has had or would be reasonably likely to have a Material Adverse Effect; and (iii) any bankruptcy, insolvency or liquidation event with respect to the
Primary Borrower or the Guarantor. 
 8.7 Compliance with Loan Documents and Constituent Documents. Each of the Credit
Parties will promptly and fully comply with any and all covenants and provisions of each Loan Document executed by it. Each of the Credit Parties will use the proceeds of any Investor Capital Call only for such purposes as are permitted by its
Constituent Documents. Each Credit Party shall perform and observe, in all material respects, to the extent party thereto, the obligations under the Subscription Agreements, Side Letters, Governing Documents and any other Constituent Documents on
its part to be performed or observed. 
 8.8 Operations. Each of the Credit Parties will act in all material respects
in accordance with the Governing Documents. 
 8.9 Books and Records; Access. Following five (5) Business
Days’ prior written notice, the Primary Borrower and the Guarantor will, and will cause each other Credit Party to (at the expense of the Primary Borrower) give any representative of the Administrative Agent, on behalf of the Lenders, access
during ordinary business hours to, and permit such representative to examine, copy, or make excerpts from, any and all books, records, and documents in its possession relating to the affairs of the Primary Borrower or the Guarantor; provided
that, so long as no Event of Default or Default has occurred and is continuing, such inspection right shall be limited to once per each 12-month period. 

8.10 Compliance with Law. Each of the Credit Parties will comply with all material Laws, including, without limitation,
ERISA, the Investment Company Act, and (if relevant) Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, except to the extent non-compliance would not result in a Material
Adverse Effect. 
 8.11 Insurance. Each of the Credit Parties will maintain insurance of such types (if any) and in
such amounts as are consistent with customary practices and standards of the industry in which they operate, except to the extent the failure to maintain any such insurance would not result in a Material Adverse Effect. 

  
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 8.12 Authorizations and Approvals. Each of the Credit Parties will
promptly obtain, from time to time at its own expense, all such material governmental licenses, authorizations, consents, permits and approvals as may be required to enable such Credit Party to comply with its obligations hereunder, under each other
Loan Document to which it is a party and under its Constituent Documents, except to the extent the failure to maintain any such governmental licenses, authorizations, consents, permits or approvals would not reasonably be expected to result in a
Material Adverse Effect. 
 8.13 Maintenance of Liens. Each of the Credit Parties will perform all such acts and
execute all such documents as the Administrative Agent may reasonably request in order to enable the Secured Parties to file and record every instrument and deliver every Filing that the Administrative Agent may reasonably deem necessary in order to
perfect and maintain the Administrative Agent’s first priority security interests in and Liens on (subject to Permitted Liens) the Collateral and otherwise to preserve and protect the rights of the Secured Parties (subject to Permitted Liens)
in respect of such first priority security interests and Liens. 
 8.14 Further Assurances. Subject to
Section 12.16, each of the Credit Parties will make, execute or endorse, and acknowledge and deliver or file or cause the same to be done, all such vouchers, invoices, notices, certifications, and additional agreements, undertakings,
conveyances, transfers, assignments, financing statements, or other assurances, and will take any and all such other action as the Administrative Agent may, from time to time, reasonably deem necessary or proper for better assuring and confirming
unto the Secured Parties the full performance of the terms and conditions of such Credit Party under the Loan Documents. For the avoidance of doubt, nothing contained in this Section 8.14 shall increase the Obligations of, or reduce the
rights of, any Credit Party under the Loan Documents in any material respect. 
 8.15 Maintenance of Separate
Existence. Each Credit Party will at all times, conduct and present itself as a distinct legal entity separate and apart from all Affiliates thereof, including, without limitation, (i) observing corporate, limited liability company or
limited partnership formalities, as applicable, such as maintaining appropriate books and records, and (ii) retaining at all times the ability to identify its assets separate and distinct from any other entity. 

8.16 Investor Capital Call. During each eighteen (18) month period commencing on the Closing Date, the Guarantor
shall make at least one Investor Capital Call on the Investors. 
 8.17 Collateral Accounts and Permitted Investments.
The Guarantor will only invest any cash deposits held in or credited to the Collateral Accounts in Permitted Investments. For the avoidance of doubt, nothing contained in this Section 8.17 shall restrict investments in Portfolio
Investments or Portfolio Assets. 

  
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 8.18 Covenants of Qualified Borrowers. The covenants and agreements of
Qualified Borrowers hereunder shall be binding and effective with respect to a Qualified Borrower upon and after the execution and delivery of a Qualified Borrower Note by such Qualified Borrower. Following payment in full of all Obligations (other
than contingent obligations that have not been asserted and Letters of Credit that have been fully Cash Collateralized) of any Qualified Borrower, any such Qualified Borrower shall no longer be bound by the covenants herein. 

8.19 Solvency. The Credit Parties covenant that when taken together they will be Solvent. 

8.20 Investor Capital Calls. The Guarantor shall only make Investor Capital Calls on Investors in Dollars. 

8.21 OFAC Compliance and Investor Procedures. The Credit Parties shall be subject to policies and procedures in place
which are reasonably designed to comply with all applicable United States anti-money laundering laws and regulations and OFAC Regulations, including, without limitation, applicable provisions of the USA Patriot Act of 2001. In the event that
pursuant to such policies and procedures or otherwise, a Responsible Officer of a Credit Party obtains actual knowledge that an Investor or an Affiliate of an Investor is named on a list published by OFAC or becomes a Person with whom dealings are
prohibited under any OFAC Regulations, then the Credit Parties will (i) give prompt written notice thereof to the Administrative Agent, (ii) comply with all Applicable Laws, including but not limited to OFAC requirements, with respect to
such Investor, and (iii) to the extent permitted by OFAC Regulations, require and procure the withdrawal of such Investor from the Credit Parties in accordance with the terms of the Governing Documents. 

8.22 IPO. The Credit Parties shall provide to the Administrative Agent notice of any initial public filing with the U.S.
Securities and Exchange Commission relating to an IPO within five (5) Business Days following such initial public filing. 

8.23 Private Placement Memorandum. Prior to the date hereof, each Credit Party has delivered to Administrative Agent a
true and correct copy of such Credit Party’s private placement memoranda, together with the supplements thereto, which remain in full force and effect (subject to Section 9.4) . 

Section 9. NEGATIVE COVENANTS 
 So
long as any Lender has any commitment to lend or to cause the issuance of any Letter of Credit hereunder, and until payment and performance in full of all of the Obligations (other than contingent obligations that have not been asserted and Letters
of Credit that have been fully Cash Collateralized) under this Credit Agreement and the other Loan Documents, each of the Borrowers and the Guarantor agrees that, without the written consent of the Administrative Agent, based upon the approval of
the Required Lenders (unless the approval of the Administrative Agent alone or a different number of the Lenders is expressly permitted below): 

9.1 Mergers, Etc. Other than in compliance with the provisions of this Credit Agreement, none of the Credit Parties
shall take any action to merge or consolidate with or into any Person, unless such Credit Party or another Credit Party is the surviving entity. 

  
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 9.2 Negative Pledge. None of the Credit Parties shall grant, create,
incur, permit or suffer to exist any Lien (whether such interest is based on common law, statute, other law or contract) upon the Collateral, other than (i) to the Administrative Agent, for the benefit of the Secured Parties or
(ii) Permitted Liens. For the avoidance of doubt, Portfolio Investments and Portfolio Assets are not part of the Collateral, and the Credit Parties are not restricted hereby from granting Liens thereon. 

9.3 Fiscal Year and Accounting Method. Neither the Primary Borrower nor the Guarantor shall change its fiscal year
without prior notice to the Administrative Agent or change its method of accounting other than in accordance with the terms of the Governing Documents (so long as such method is based on Generally Accepted Accounting Principles). 

9.4 Governing Documents and Related Documents. 

(a) Except as hereinafter provided, no Credit Party shall alter, amend, modify, terminate, or change any provision of the
Governing Documents, any Subscription Agreements, certificate of formation or Investment Management Agreement to which such Credit Party is a party if any such Proposed Amendment (hereinafter defined) would (i) affect the Guarantor’s or
its Investors’ debts, duties, obligations, and liabilities, or the rights, titles, security interests, Liens, powers and privileges of the Guarantor, in any case, relating to any Investor Capital Calls, Investor Capital Commitments, Investor
Capital Contributions or the shortening of the time period during which they are available, or, except as permitted by this Credit Agreement, suspend, reduce or terminate any Investor’s Unfunded Capital Commitment or that could otherwise have a
Material Adverse Effect on the rights, titles, first priority security interests and Liens, and powers and privileges of the Lenders hereunder; or (ii) permit or allow any Credit Party to purchase Portfolio Assets or otherwise make investments,
or engage in any line of business, that are materially different from the Portfolio Assets or lines of business permitted by such Credit Party’s Constituent Documents as in effect on the Closing Date (each a “Material
Amendment”). With respect to any proposed alteration, amendment, modification, termination or change (each, a “Proposed Amendment”) to the Governing Documents, Subscription Agreement, certificate of formation of
any Credit Party or Investment Management Agreement, such Credit Party shall notify the Administrative Agent of such proposal. The Administrative Agent shall determine, in its sole reasonable discretion (i.e., the determination of the other Lenders
shall not be required) and on its good faith belief, whether such Proposed Amendment to the Governing Documents, Subscription Agreement or certificate of formation of such Credit Party or Investment Management Agreement would constitute a Material
Amendment within five (5) Business Days of the date on which it is deemed to have received such notification in accordance with Section 12.6 and shall promptly notify the applicable Credit Party of its determination. If the
Administrative Agent determines that the Proposed Amendment is 

  
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 a Material Amendment, the approval of the Administrative Agent and the Required Lenders will
be required, and the Administrative Agent shall promptly notify the Lenders of such request for such approval, distributing, as appropriate, the Proposed Amendment and any other relevant information provided by such Credit Party; subject to
Section 12.1, the Lenders shall have five (5) Business Days from the date of such notice from the Administrative Agent to deliver their approval or denial thereof. If the Administrative Agent determines that the Proposed Amendment
is not a Material Amendment, the applicable Credit Party may make such amendment without the consent of the Administrative Agent and the Required Lenders. With respect to any Material Amendment to the private placement memorandum of any Credit
Party, such Credit Party shall notify the Administrative Agent within five (5) business Days of such proposal; provided that no such notice shall be required for any supplement to a private placement memorandum that does not pertain to
the Collateral, an IPO or the Secured Parties’ rights therein, as may be determined by the Credit Parties in their reasonable discretion. Such Material Amendment shall not be effective without the approval of the Administrative Agent (such
approval not to be unreasonably withheld or delayed) but shall not require the approval of any other Lender. Notwithstanding the foregoing, any Credit Party may, without the consent of the Administrative Agent and the Required Lenders, amend its
applicable Constituent Documents: (w) to extend the investment period or the structuring of the investments, including as primary investments, co-investments, direct investments or secondary investments,
(x) to admit new Investors or remove Investors in accordance with the terms of this Credit Agreement; (y) to reflect transfers of interests in such Credit Party which are permitted by this Credit Agreement; and (z) to implement any
action permitted under Section 9.6; provided that such Credit Party shall promptly provide to the Administrative Agent a copy of any such amendment which does not require the consent of the Administrative Agent and the Required Lenders.

 (b) The Guarantor shall use good faith efforts to provide the Administrative Agent with at least five (5) Business
Days’ notice of any amendment or modification of any Side Letter. In the event that the Lender is unable to approve such amendment or modification and a mandatory prepayment would be required pursuant to Section 2.1(e) as a result
of such amendment or modification, the Borrowers shall make such mandatory prepayment prior to the effectiveness of such amendment or modification. Thereafter, upon the request of the Guarantor, the Administrative Agent shall consider for approval
the applicable Side Letter, as amended or modified, in accordance with the standards set forth in the definition of “Included Investor” and in the event the Administrative Agent approves such Side Letter, as amended or modified, any
Exclusion Event which resulted from such amendment or modification shall be deemed to be cured. 
 9.5 Admission of
Investors; Transfers of Affiliate Interests; Investor Withdrawals. 
 (a) Admission of New Investors. The
Guarantor shall not admit any Person that is an assignee of an interest in the Guarantor as a substitute Investor or any other Person as a new Investor unless such Person is not listed on any list published by OFAC as a Person with whom dealings are
prohibited under OFAC Regulations, not a Sanctioned Person and not listed on any comparable list and admission is in accordance 

  
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 with the terms of the Governing Documents, Subscription Agreement and any Side Letter. Any
such new Investor or existing transferee Investor shall not be included in the Borrowing Base or shall not have the increased portion of its Investor Capital Commitment included in the Borrowing Base, (w) in the case of any PWM Investor who is
an Included Investor that seeks to be replaced by a new or existing PWM Investor or seeks to Transfer a portion of its Investor Capital Commitment to a new or existing PWM Investor, until the Borrowers or the Guarantor have delivered a copy of such
Investor’s Subscription Agreement or assignment agreement to Escrow Agent and the Escrow Agent has certified its receipt thereof to the Administrative Agent, except in compliance with Section 8.2(d) (including the thirty
(30) day deemed automatic inclusion as an Included Investor), (x) in the case of any assignee Institutional Investor, except in compliance with Section 8.2(b), in the case of any PWM Investor (other than under the circumstances
addressed in the foregoing clause (w)), until the Borrowers or the Guarantor have delivered a copy of such Investor’s Subscription Agreement or assignment agreement to the Escrow Agent and the Escrow Agent has certified its receipt
thereof to the Administrative Agent, (y) in the case of any new Institutional Investor (other than under the circumstances addressed in the foregoing clause (x)) until the Borrowers or the Guarantor have delivered a copy of such Institutional
Investor’s Subscription Agreement or assignment agreement, any applicable Side Letter (redacted as applicable) entered into with such Person and, a revised Exhibit A to the Administrative Agent, and (z) in the case of any Investor
that is an existing Included Investor increasing its Investor Capital Commitment, until the Borrowers or the Guarantor have delivered a copy of the written confirmation received from such Investor described in Section 8.2(c) to the
Administrative Agent. 
 (b) Other Transfers of Unfunded Capital Commitments. The Guarantor shall not cause Investor
Capital Contributions to be made to any other Affiliate of the Guarantor that is not the Guarantor hereunder or directly to any Portfolio Investment, unless such Affiliate has executed documentation to the satisfaction of the Administrative Agent
providing a first priority security interest (subject to Permitted Liens) in such transferred Investor Capital Commitments ultimately to the Administrative Agent for the benefit of the Secured Parties. 

9.6 Capital Commitments. None of the Credit Parties shall permit any withdrawal, termination, reduction, suspension,
excuse, formal waiver or other cancellation with respect to an obligation of any Investor (other than the SOX Insiders) under its Subscription Agreement or the Governing Documents or any Side Letter without the prior written consent of the
Supermajority Lenders which may be withheld in their reasonable discretion, unless the Investor Capital Commitment and other obligations of such Investor are assumed by another Investor in accordance with the terms of this Credit Agreement and the
applicable Constituent Document. Prior to giving effect to any termination, suspension, cancellation, reduction, excuse or waiver pursuant to this Section 9.6, or any withdrawal or transfer pursuant to this Section 9.6 (other than a
Transfer by an Investor of all or a portion of its interest in the Guarantor, which (for the avoidance of doubt) the parties acknowledge is governed by Section 8.2 rather than this Section 9.6), the Available Commitment will
be calculated, and if such action would result in a mandatory prepayment pursuant to Section 2.1(e), such prepayment shall be made prior to the effectiveness of such withdrawal, termination, suspension, transfer, cancellation, reduction,
excuse or waiver. 

  
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 9.7 ERISA Compliance. None of the Credit Parties shall establish,
maintain or have any liability to any Plan. Except as could not reasonably be expected to result in a Material Adverse Effect, none of the Credit Parties shall have any liability to any ERISA Affiliate Plan. No Credit Party shall fail to satisfy an
exception under the Plan Asset Regulations which failure causes the assets of any such Credit Party to be deemed Plan Assets. 

9.8 Dissolution. Other than in compliance with the provisions of this Credit Agreement, without the prior written
consent of all Lenders (in their sole discretion), none of the Credit Parties shall take any action to terminate or dissolve any Credit Party. 

9.9 [Reserved.] 

9.10 Limitations on Distributions. None of the Credit Parties shall make, pay or declare any Distribution (as defined
below) at any time (i) except as permitted pursuant to its Constituent Documents and (ii) subject to Section 5.5 hereof, other than with respect to Distributions from any Credit Party to any other Credit Party, during the
existence of an Event of Default or at any time during, to the actual knowledge of a Responsible Officer of such Person or the Administrative Agent (provided that to the extent the Administrative Agent has actual knowledge of any such event
it will provide prompt notice thereof to the applicable Person, provided further that the giving of such notice by the Administrative Agent or the failure to give such notice, will not affect such Person’s obligations under this
section), a Default. “Distribution” means any dividend or distributions (whether or not in cash) on account of any shares of capital stock or other equity interest in a Credit Party, including as a dividend or other
distribution and on account of the purchase, redemption, retirement or other acquisition of any such shares of capital stock or other equity interest (it being acknowledged that, subject to Section 5.5 hereof, the Investment Manager and
any Affiliates exercising control over any Credit Party, shall be entitled to receive any fees payable to it pursuant to the Constituent Documents). 

9.11 Limitations on Indebtedness. Without the prior written consent of the Administrative Agent, none of the Credit
Parties shall incur any Indebtedness other than: 
 (i) Indebtedness incurred pursuant to this Credit Agreement; 

(ii) Indebtedness under Swap Agreements, provided that, in each case, such Indebtedness, is not secured by any Collateral; and

 (iii) Indebtedness permitted under any Governing Document. 

For the avoidance of doubt, this Section 9.11 does not restrict the incurrence of Indebtedness of any Subsidiary that is not a
Credit Party. 

  
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 9.12 Limitation on Withdrawals. Without the prior written consent of
the Administrative Agent, none of the Credit Parties shall make or cause the making of any withdrawal or transfer of funds constituting Collateral from any Collateral Account if the Administrative Agent has notified the Borrowers and the Guarantor
or a Responsible Officer of a Borrower or the Guarantor has actual knowledge that a Cash Control Event has occurred and is continuing or if a mandatory prepayment pursuant to Section 2.1(e) is due and owing unless such withdrawal shall
be applied to any payment of Obligations or to eliminate or reduce the circumstances giving rise to the Cash Control Event or mandatory prepayment (or in the case of a pending mandatory prepayment, applied to Anticipated Expenses, in compliance with
this Credit Agreement). The Administrative Agent is authorized to give notice of its exclusive control of the Collateral Accounts to the depository bank or securities intermediary, only if a Cash Control Event has occurred and is continuing. 

9.13 Transfers by Credit Parties. Other than in compliance with the provisions of this Credit Agreement, none of the
Credit Parties shall transfer, withdraw or assign its interest in any other Credit Party or its obligations under the Loan Documents without the prior written consent of the Lenders, which consent may be granted or withheld in the Lender’s sole
and absolute discretion. 
 9.14 Deemed Capital Contributions. Without the prior written consent of the Administrative
Agent and all Lenders, the Primary Borrower or the Guarantor shall not reinvest Portfolio Investment proceeds which are distributable to Investors if such reinvestment would reduce the Unfunded Capital Commitment of one or more Investors and cause
the Principal Obligations to exceed the Available Commitment unless, prior to such reinvestment, the applicable Borrowers shall make any prepayment required under Section 2.1(e). 

9.15 Change of Depository Bank or Securities Intermediary. The Guarantor shall not permit the depository bank or
securities intermediary with respect to any Collateral Account to change without the Administrative Agent’s prior written consent, which consent shall not be unreasonably withheld (it being understood that any successor depository bank or
securities intermediary shall execute and deliver to the Administrative Agent simultaneous with becoming the successor depository bank such documents and agreements (including, without limitation, control agreements and acknowledgments and
agreements to provide information to the Administrative Agent with respect to Investors) as the Administrative Agent may reasonably request). 

9.16 Sanctioned Persons, Anti-Bribery. No Credit Party shall use directly or indirectly (including without limitation,
by lending, contributing or otherwise making available to any Subsidiary, joint venture partner or other Person) any part of the proceeds of any Loan hereunder (i) to fund any operations in, finance any investments, business or activities in or
make any payments to any Sanctioned Person or Sanctioned Country, or in any other manner that would result in a violation of Sanctions by any Person (including, without limitation, any Person participating in the Loans or issuance of Letters of
Credit, whether as underwriter, advisor, investor or otherwise) or (ii) for any payments that could constitute a violation of any applicable anti-bribery law in effect at the time of the funding or issuance of such Loan or Letter of Credit.

  
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 Section 10. EVENTS OF DEFAULT 

10.1 Events of Default. An “Event of Default” shall exist if any one or more of the following
events (herein collectively called “Events of Default”) shall occur and be continuing (whatever the reason for such event and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any
judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 

(a) (i) any Borrower shall fail to pay when due any principal of the Obligations, including any failure to pay any amount
required to be paid by it under, and at the times specified in, Section 2.1(e); or (ii) any Borrower shall fail to pay when due any interest on the Obligations, and such failure under this clause (ii) shall continue for
two (2) Business Days following the date the Administrative Agent notifies such Borrower in writing of such failure (except for the failure to pay the Obligations in full on the Maturity Date, for which no notice shall be required, and except
for the failure to prepay any amount required to be paid by it under, and at the times specified in, Section 2.1(e), for which no additional notice shall be required); 

(b) any Borrower fails to make any payment or deposit required under any Loan Documents (other than as referred to in clause
(a) above and to the extent not disputed in good faith) and such failure continues unremedied for two (2) Business Days following the date the Administrative Agent notifies such Borrower in writing of such failure; 

(c) the Principal Obligations shall exceed the Available Commitment and the Borrowers shall fail to make Investor Capital
Calls of Uncalled Capital Commitments at any time prior to or within five (5) Business Days of any Responsible Officer of the Primary Borrower becoming aware of such deficiency sufficient to reduce the Principal Obligations to an amount which
is less than the Available Commitment, as of such date, or the Borrowers shall fail to so reduce the Principal Obligations within twenty (20) Business Days of the end of the initial five (5) Business Day period; 

(d) any Borrower or the Guarantor makes a Distribution to the Investors (i) at a time when the Borrowers are
obligated to make a mandatory prepayment pursuant to Section 2.1(e) or (ii) that results in the Borrowers being obligated to make such a mandatory prepayment pursuant to Section 2.1(e) and, in each case, such mandatory
prepayment is not simultaneously made; 
 (e) any representation or warranty made by or on behalf of any Credit Party
under this Credit Agreement (other than the representation and warranty contained in Section 7.23, which shall not be subject to the thirty (30) day cure period provided below), or any of the other Loan Documents executed by any one
or more of them, or in any certificate or statement furnished or made to the Lenders or any one of them by any Credit Party pursuant hereto, or, in connection with this Credit Agreement or any of the other Loan Documents, shall prove to be untrue or
inaccurate in any material respect as of the date on which such representation or warranty is made and the adverse effect of the 

  
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 failure of such representation or warranty shall not have been cured within thirty
(30) days after the earlier of (i) written notice thereof is delivered to the Borrowers by the Administrative Agent or (ii) a Responsible Officer of any Credit Party obtains actual knowledge thereof; 

(f) any Borrower or the Guarantor fails to keep or perform any covenant or other agreement contained in any Loan Document
(other than as referred to in clause (a), clause (b), clause (c) or clause (d) above or clause (g) below) and such failure (after taking into effect the giving of any applicable notice or the passage
of any applicable grace periods set forth in such Loan Document) continues unremedied for fifteen (15) Business Days after the earlier of (a) actual knowledge by a Responsible Officer of any Borrower or the Guarantor, or (b) notice of
such breach has been given by the Administrative Agent; 
 (g) any Borrower or the Guarantor fails to keep or perform
the covenants and agreements contained in Section 9 in any material respect and such failure continues (after taking into effect the giving of any applicable notice or the passage of any applicable grace periods set forth in
Section 9) for five (5) Business Days after the earlier of (i) written notice thereof is delivered to the Borrowers by the Administrative Agent or (ii) a Responsible Officer of any Credit Party obtains actual knowledge thereof;

 (h) other than (x) in compliance with the provisions of this Credit Agreement, or (y) as a result of any action
or inaction by the Administrative Agent or other Secured Party, any of the Loan Documents (each such document as expressly set forth in the definition of “Loan Documents”, without giving effect to any other agreements or documents
referenced under such definition) executed by any Credit Party: (i) shall cease, in whole or in any material part, to be legal, valid, binding agreements enforceable against such Credit Party, as the case may be, in accordance with the terms
thereof (other than a Borrower Guaranty with respect to a Qualified Borrower which has withdrawn from the Credit Facility pursuant to Section 2.9(f)); (ii) shall in any way be terminated or become or be declared, in writing, ineffective
or inoperative except in accordance with the terms thereof or in accordance with the terms of this Credit Agreement (or, in the case of a Borrower Guaranty, the Primary Borrower or any other Person acting by or on behalf of the Primary Borrower
shall deny or disaffirm in writing the Primary Borrower’s obligations under such Borrower Guaranty); or (iii) shall fail or cease to create a valid, perfected first priority Lien or security interest (other than Permitted Liens) on the
Collateral in favor of the Administrative Agent intended to be created thereby; provided that, if any of the events set forth in the foregoing clauses (i), (ii) and (iii) occurs as a result of a change in any
Applicable Law, the Borrowers shall have thirty (30) days from the date thereof to cure a default arising under this Section 10.1(h) to the reasonable satisfaction of the Administrative Agent; 

(i) the occurrence or existence of (i) a default, event of default or other similar condition or event in respect of
any Borrower or the Guarantor under one or more agreements or instruments (other than this Credit Agreement or any other Loan Document) relating to one or more obligations (whether present or future, contingent or otherwise, as principal or surety
or otherwise) in respect of borrowed money in an 

  
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 aggregate amount of not less than the Threshold Amount which has resulted in such obligation
or obligations becoming or becoming capable (with the giving of notice, lapse of time or both) at such time of being declared due and payable under such agreements or instruments before it would otherwise have been due and payable, (ii) a
default by any Borrower or the Guarantor in making one or more payments on the due date thereof in an aggregate amount of not less than the Threshold Amount under the agreements or instruments specified in clause (i) hereof (after giving effect
to any applicable notice requirement or grace period), or (iii) with respect to any Swap Agreements, either an early termination thereof resulting from (A) any event of default under such Swap Agreement as to which the applicable Borrower
or Guarantor is the defaulting party, or (B) any termination event (other than one resulting from Illegality, Force Majeure, a “Tax Event” or “Tax Event Upon Merger” (as defined in the applicable Swap Agreement or analogous
events however defined)) under such Swap Agreement as to which the applicable Credit Party is the sole affected party and, in either event, the net swap termination value owed by such Credit Party as a result thereof is greater than the Threshold
Amount; 
 (j) any Credit Party, the Investment Manager or Goldman Sachs & Co. LLC shall: (i) apply for or
consent to the appointment of a receiver, trustee, custodian, intervenor, or liquidator of itself or of all or a substantial part of its assets or petition for wind-up; (ii) file a voluntary petition in
bankruptcy or admit in writing that it is, or should be deemed to be, unable to pay its debts as they become due; (iii) make a general assignment for the benefit of creditors; (iv) file a petition or answer seeking an arrangement with
creditors or to take advantage of any Debtor Relief Laws; (v) file an answer admitting the material allegations of, or consent to, or default in answering, a petition filed against it in any proceeding under any Debtor Relief Law; or
(vi) take organizational action for the purpose of effecting any of the foregoing; provided, however, that if such Credit Party is a Qualified Borrower, any of the foregoing actions shall not be an Event of Default if, prior to
such application, filing or other action referred to in this clause (j), no Borrowings for which such Qualified Borrower is liable remain outstanding hereunder and such Qualified Borrower has withdrawn from the Credit Facility pursuant to
Section 2.9(f); 
 (k) an order, order for relief, judgment or decree shall be entered by any court of competent
jurisdiction or other competent authority approving a petition seeking reorganization or wind-up of any Credit Party, the Investment Manager or Goldman Sachs & Co. LLC, or appointing a receiver,
custodian, trustee, intervenor, or liquidator of any Credit Party or Goldman Sachs & Co. LLC of all or substantially all of its assets, in each case under any Debtor Relief Law, and such order, judgment or decree shall continue unstayed and
in effect for a period of sixty (60) days; provided, however, that if such Credit Party is a Qualified Borrower, any of the foregoing actions shall not be an Event of Default if, within such sixty (60) day period, no
Borrowings for which such Qualified Borrower is liable remain outstanding hereunder and such Qualified Borrower has withdrawn from the Credit Facility pursuant to Section 2.9(f); 

  
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 (l) any final judgment(s) for the payment of money in excess of the sum of
the Threshold Amount individually or in the aggregate shall be rendered against any Borrower or the Guarantor and such judgment is not stayed, discharged or vacated after a period of sixty (60) consecutive days, or any action shall be legally
taken by a judgment creditor to attach or levy upon any assets of any Borrower or the Guarantor to enforce any such judgment, unless such judgment is covered by insurance or bonded or unless it is being appealed and the execution of such judgment is
stayed during the pendency of such appeal; 
 (m) any Change of Control shall occur without the prior written consent of
the Administrative Agent and the Required Lenders (which consent shall not be unreasonably withheld, conditioned or delayed), in each case; 

(n) two or more Included Investors aggregating fifteen percent (15%) or greater of the total Investor Capital Commitments
shall fail to fund in full Investor Capital Calls, which delinquencies are overdue for more than twelve (12) Business Days (without regard to any notice or cure period set forth in the Guarantor’s Governing Documents), at any one or more
times from the Closing Date through the Stated Maturity Date (as such date may be extended) (on a cumulative basis, but excluding Investor Capital Commitments of Investors that have cured any delinquency relating to their Investor Capital
Commitments); 
 (o) an event shall occur that causes a dissolution or liquidation of any Credit Party or the Investment
Manager other than in accordance with, or as permitted under, the terms of this Credit Agreement; 
 (p) the Principal
Obligations shall not have been repaid in full on or prior to the Business Day following the date of pricing of an IPO (but it being understood that in no event shall the closing date of an IPO occur prior to such full repayment); or 

(q) the Investment Manager shall default in its obligation to make contributions to the capital of the Guarantor pursuant
to its Capital Commitments or the Investment Manager or any affiliated Investor shall fail to make a contribution to the capital of the Guarantor, in each case within five (5) Business Days of the date when initially due (without regard to any
other applicable notice or cure period). 
 10.2 Remedies Upon Event of Default. 

(a) Upon the occurrence and during the continuance of an Event of Default with respect to any Credit Party of the type
specified in clause (j), or (k) of the definition of “Event of Default” as set forth in Section 10.1, the entire unpaid balance of its Obligations and the Obligations of the Borrowers shall automatically
become due and payable, the Maturity Date shall immediately occur and the Available Commitment shall immediately be reduced to zero, all without any notice or action of any kind whatsoever. 

(b) Subject to Section 10.5, upon the occurrence and during the continuation of an Event of Default, the
Administrative Agent may, and shall, at the request of the Required Lenders, do any one or more of the following: (i) declare the entire unpaid balance of the Obligations of the Borrowers immediately due and payable (including the 

  
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 requirement to pay or reimburse the Letter of Credit Liability pursuant to
Section 2.8), whereupon they shall be due and payable, (ii) declare the Maturity Date to have occurred (whereupon the Maturity Date shall be deemed to have occurred) and reduce to zero the Available Commitment, whereupon the Available
Commitment shall be deemed to have been reduced to zero or (iii) subject to Section 10.5, exercise any other right or seek any other remedy available at law, in equity or otherwise, whether or not provided herein or in any other
Loan Document. 
 (c) Subject to Section 10.5, upon the occurrence and during the continuation of an Event of
Default and the acceleration of the unpaid balance of the Obligations of the Borrowers, the Administrative Agent may and, at the request of the Required Lenders, shall do any one or more of the following: (i) reduce any related claim to
judgment; (ii) exercise the rights of offset or banker’s lien against the interest of the Borrowers or the Guarantor in and to every account and other property that are in the possession of the Administrative Agent, to the extent of the
full amount of the related Obligations (the Borrowers and the Guarantor being deemed directly obligated to the Administrative Agent and the Lenders in the full amount of such Obligations for such purposes); (iii) realize upon any and all of the
rights the Administrative Agent may have in and to the related Collateral or any part thereof; and (iv) exercise any and all other legal or equitable rights afforded by the Loan Documents, applicable Governmental Rules or otherwise, including
but not limited to the right to bring suit or other proceedings before any Governmental Authority either for specific performance of any covenant or other agreement contained in any of the Loan Documents or in aid of the exercise of any right
granted to the Lenders or the Administrative Agent in any of the Loan Documents. 
 10.3 Additional Default Remedies.
Subject to Section 10.5, upon the occurrence, and during the continuance of any Event of Default, the Administrative Agent may and, at request of the Required Lenders, shall: 

(a) whether in its own name or the name of the Guarantor, in accordance with the Constituent Documents, notify any or all
related Investors to make Investor Capital Contributions in respect of all Unfunded Capital Commitments directly to the Administrative Agent, or to such other Person as the Administrative Agent may require, whereupon immediately each Credit Party
shall not call or receive the same (except at the direction of the Administrative Agent); 
 (b) (i) take or bring in
the name of any Borrower or the Guarantor, or that of the Administrative Agent, all actions, suits or proceedings deemed by the Administrative Agent as necessary or desirable to effect possession or collection of the related Collateral, including
sums due or paid thereon; (ii) subject to the provisions of the applicable Constituent Document, make allowances or adjustments of claims with respect to the related Collateral; (iii) subject to the provisions of the applicable Constituent
Document, compromise any claims with respect to the related Collateral; and (iv) following the Obligations becoming due and payable pursuant to Section 10.2 or this Section 10.3, remove from the premises of the Borrowers
or the Guarantor all documents, instruments, files or other items with respect to the related Collateral (including but not limited to any records with respect to such Collateral); 

  
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 (c) invoke, in addition to the rights and remedies provided in this Credit
Agreement or any other Loan Document, the rights and remedies of a secured party under the UCC and any and all other Governmental Rules; 

(d) following the Obligations becoming due and payable pursuant to Section 10.2 or this
Section 10.3, apply by appropriate judicial proceedings for appointment of a receiver for the related Collateral or any part thereof (to which any such appointment each Borrower and the Guarantor hereby consents); 

(e) take possession of the amounts on deposit from time to time in the Collateral Accounts, to the extent constituting
Collateral, and apply such amounts as provided in this Credit Agreement; or 
 (f) following the Obligations becoming
due and payable pursuant to Section 10.2 or this Section 10.3, take possession and dispose of all or any portion of the related Collateral, at public or private sale, as a unit or in parcels, upon any terms and prices and in
any order, free from any claim or right of any kind (each Borrower and the Guarantor agree that, for such purpose, the Administrative Agent on behalf of the Secured Parties, may maintain all or any part of the related Collateral on the premises of
such Borrower or the Guarantor for such period of time as may be reasonably necessary without any charge to the Administrative Agent whatsoever). 

In connection with the foregoing clauses (a) through (f), it is expressly agreed that: 

(A) prior to taking any such action, the Administrative Agent shall use commercially reasonable efforts to notify the Borrowers
and the Lenders of the proposed action; provided that any failure to properly notify the Borrowers or any Lenders shall not prevent or delay the Administrative Agent’s ability to take such actions; 

(B) regardless of any provision hereof, and with the exception of any liability of the Administrative Agent for damages
that are the result solely of its own gross negligence or willful misconduct, the Administrative Agent shall never be liable to the Credit Parties or any Lender for the failure of the Administrative Agent to collect or for its failure to exercise
diligence in the collection, possession, or any transaction concerning, all or any part of the related Collateral; 

(C) the rights, titles, interests, liens and security interests of the Administrative Agent for the benefit of the Secured
Parties, are cumulative of all of the rights, titles, interest, liens or security interests which the Administrative Agent may now or at any time hereafter hold regarding the Obligations; 

(D) issuance by the Administrative Agent of a receipt to any Person obligated to pay any amounts to the Credit Parties in
respect of the related Collateral shall be a full and complete release, discharge and acquittance to such Person to the extent of any amount so paid to the Administrative Agent; 

  
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 (E) the related Collateral may be sold or disposed of in one or more
transactions, as the Administrative Agent on behalf of the Secured Parties, deems appropriate; 
 (F) any notice of
sale, disposition or other action by the Administrative Agent on behalf of the Secured Parties, required by the UCC and sent to the Credit Parties at the related address for notices set forth herein, or at such other address as has been furnished by
the Credit Parties to the Administrative Agent or the Administrative Agent in accordance herewith and at least ten (10) days prior to such action, shall constitute reasonable notice to the Credit Parties; 

(G) any such notice shall be given in the manner prescribed by or permitted in this Credit Agreement or the other Loan
Documents; and 
 (H) upon the request of the Administrative Agent, the Credit Parties will take all actions reasonably
requested by the Administrative Agent to prepare the related Collateral for disposition and otherwise reasonably assist the Administrative Agent in the realization of all or any part of such Collateral, at the expense of the Borrowers. 

Each of the Borrowers and the Guarantor, to the maximum extent permitted by Applicable Law, hereby irrevocably appoints the Administrative Agent as its attorney-in-fact coupled with an interest and given by way of security to secure the performance of the obligations of the Credit Parties owed herein, with full power of
substitution and with full authority in place of such Credit Party, following the occurrence and during the continuation of an Event of Default (but subject to Section 10.5) to take any and all steps in the name of and on behalf of such
Borrower or such Credit Party that are necessary or desirable, in the determination of the Administrative Agent, to collect amounts due under the Collateral, including, without limitation, making Investor Capital Calls in respect of the Investor
Capital Commitments, exercising any discretion with respect thereto that is afforded to such Borrowers or Guarantor under the related Constituent Documents and/or the Subscription Agreements and endorsing any Borrower’s or Guarantor’s name
on checks and other instruments representing Investor Capital Contributions and taking the other actions described in this Section 10.3. Each of the Borrowers and the Guarantor hereby further agrees that it shall, at the direction of the
Administrative Agent following the occurrence and during the continuation of an Event of Default (but subject to Section 10.5), take all actions reasonably requested by the Administrative Agent (including, without limitation, issuing
Investor Capital Calls and notifying any or all related Investors to make Investor Capital Contributions in respect of all Investor Capital Commitments on the Administrative Agent’s behalf and enforcing the obligations of the Investors (other
than any SOX Insiders) to make such Investor Capital Contributions to facilitate the exercise of the Administrative Agent’s remedies hereunder). 

  
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 10.4 Waivers of Notice, Etc. Except as otherwise provided herein, the Borrowers and
the Guarantor and each surety, endorser, guarantor and other party ever liable for payment of any sum or sums of money that may become due and payable, or the performance or any undertaking that may be owed, to the Lenders or the Administrative
Agent pursuant to this Credit Agreement, the Notes or any of the other Loan Documents, including the related Obligations, jointly and severally waive demand for payment, presentment, protest, notice of protest and nonpayment or other notice of
default, notice of acceleration and notice of intention to accelerate, and agree that its or their liability under this Credit Agreement, the related Notes and the other Loan Documents shall not be affected by any renewal or extension of the time or
place of payment or performance hereof, or any indulgences by the Lenders, the Administrative Agent, or by any release or change in any security for the payment of the related Obligations, and hereby consent to any and all renewals, extensions,
indulgences, releases or changes, regardless of the number of such renewals, extensions, indulgences, releases or changes. 

10.5 Curing an Event of Default by Investor Capital Call and Duty to Liquidate Portfolio Investments. 

(a) Upon the occurrence and during the continuance of an Event of Default described in Section 10.1(a), (b)
or (c) or any other Event of Default that can be cured by the making of Investor Capital Calls, so long as no other Event of Default shall have occurred and be continuing, none of the Administrative Agent or any of the Lenders may
exercise any remedy to which it may be otherwise entitled under this Credit Agreement or any of the other Loan Documents or at law or in equity with respect to such Event of Default within five (5) Business Days thereof (provided that the
Borrowers or the Guarantor may request during such five (5) Business Day period that the Administrative Agent and the Required Lenders provide written notice of their (i) agreement to a longer Business Day period or (ii) intention not
to exercise such remedies, each in the sole discretion of the Administrative Agent and the Required Lenders, and which such written notice shall not be unreasonably withheld; or unless, without such request, the Administrative Agent and the Required
Lenders shall otherwise agree, to a longer Business Day period, each in its sole discretion) and, if, at any time prior to or during such five (5) Business Day period, the Guarantor shall make an Investor Capital Call on the Unfunded Capital
Commitments of the Investors sufficient (together with cash and Permitted Investments on deposit in the Collateral Accounts) to cure each such Event of Default, then the Administrative Agent and the Lenders may not exercise any such remedy until the
expiration of the period ending fifteen (15) Business Days from the end of the initial five (5) Business Day period, provided that nothing in this Section 10.5(a) shall prohibit the Administrative Agent or any Lender
from exercising any remedies it may have with respect to (i) asserting exclusive control of the Collateral Accounts or taking any such actions as may be required to protect their rights in a bankruptcy proceeding or (ii) any Event of
Default that shall have occurred and be continuing other than those described in Section 10.1(a), (b) or (c) or any other Event of Default that can be cured by the making of Investor Capital Calls; provided,
however, that to the extent that (A) the Guarantor does not make such Investor Capital Call or (B) the application of the proceeds of any such Investor Capital Call are not sufficient (together with cash and 

  
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 Permitted Investments on deposit in the Collateral Accounts) to cure such Event of Default,
then, so long as such Event of Default shall be continuing, the Guarantor shall (1) if it did not originally issue an Investor Capital Call, issue an Investor Capital Call in an amount sufficient (together with cash and Permitted Investments on
deposit in the Collateral Accounts) to repay the Obligations, and (2) after thirty (30) days have expired after the applicable Investor Capital Call has been issued the proceeds of which are not sufficient (together with cash and Permitted
Investments on deposit in the Collateral Accounts) to repay the Obligations, in good faith use its commercially reasonable efforts (subject to any legal, contractual, fiduciary or regulatory restrictions limiting their ability to do so) to sell
sufficient Portfolio Investments to repay the Obligations as soon as reasonably practicable. 
 (b) Following the occurrence
and during the continuance of an Event of Default, so long as no Event of Default of the type specified in any of clause (c), (j), (k) or (q) of Section 10.1 has occurred, none of Administrative Agent, or
any Lender shall (i) issue funding notices to any Investor or take any action against any Investor to enforce its rights under this Credit Agreement or any other Loan Documents, (ii) issue the Administrative Agent Release notice (as
defined in the Escrow Agreement) or (iii) institute legal, equitable or other proceedings against any Credit Party, any Investor, or any Affiliate thereof the purpose of which is to prevent the Borrowers or the Guarantor from curing the
applicable Event of Default (by issuing funding notices or otherwise) as contemplated by this Section 10.5(b), unless at any time prior to or during the period that is five (5) Business Days following the occurrence of such Event of
Default (provided that the Borrowers may request during such five (5) Business Day period that the Administrative Agent and the Required Lenders provide written notice of their (i) agreement to a longer Business Day period or
(ii) intention not to exercise such remedies, each in the sole discretion of the Administrative Agent and the Required Lenders, and which such written notice shall not be unreasonably withheld; or unless, without such request, the
Administrative Agent and the Required Lenders shall otherwise agree, to a longer Business Day period, each in its sole discretion), either (A) the Guarantor shall not have made an Investor Capital Call on the Investors in accordance with the
terms of the Constituent Documents or the applicable Subscription Agreements and this Credit Agreement, sufficient, together with cash and Permitted Investments on deposit in the Collateral Accounts, to repay the outstanding Obligations in full (a
“Full Repayment Capital Call”), or (B) the Guarantor shall have made a Full Repayment Capital Call, but the Borrowers shall not have repaid all the outstanding Obligations on or prior to the expiration of the period
ending fifteen (15) Business Days from the end of the initial five (5) Business Days period. 
 (c) In the event that
the Administrative Agent elects to notify the Investors to make Investor Capital Contributions in respect of their Unfunded Capital Commitments in accordance with the terms hereof, then the Administrative Agent shall use best efforts not to request
any individual Investor to fund an amount exceeding such Investor’s pro rata share of the Obligations (based on the proportion of such Investor’s Unfunded Capital Commitment to the aggregate Unfunded Capital Commitments of all Investors
included in the Collateral other than defaulted Investors in accordance with the Guarantor’s Governing Documents) without first making best efforts (consistent with the 

  
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 terms of the Constituent Documents, this Credit Agreement and Applicable Law and to the
extent it can do so without incurring any material cost or expense) to issue an Investor Capital Call (which may be issued by the Guarantor or the Administrative Agent) to each Investor for its pro rata share of the Obligations and waiting thirty
(30) calendar days following such Investor Capital Call prior to initiating further remedies; provided that, for the avoidance of doubt, if the Guarantor has made an Investor Capital Call pursuant to Section 10.5(a) or
10.5(b) already with respect to the related Event of Default and fifteen (15) Business Days have elapsed since such Investor Capital Call, the Administrative Agent shall be deemed to have satisfied its obligations pursuant to this
Section 10.5(c) in all respects. 
 (d) None of the Administrative Agent or any Lender shall be entitled to take
any action against any Investor that is an ERISA Investor (other than (i) issuing funding notices in the name of the Guarantor or (ii) applying funds paid by such ERISA Investor or Plan into the Collateral Accounts (which shall remain in
the name of the Guarantor) to the payment of the Obligations), under Section 9.1.2 of the Borrower Limited Liability Company Agreement, Section 9.1.2 of the Guarantor Limited Liability Company Agreement or Part D(3) of the Subscription
Agreement, as applicable, to the extent it has knowledge that a non-exempt “prohibited transaction” (as defined in Section 406 of ERISA or Section 4975 of the Code) could arise therefrom.

 10.6 Events of Default or Defaults relating to Qualified Borrowers. Notwithstanding any provision in this Credit
Agreement or any of the other Loan Documents to the contrary, if an Event of Default or Default relating solely to a Qualified Borrower shall occur, upon the payment in full of all Obligations (other than contingent obligations that have not been
asserted) of such Qualified Borrower hereunder, (1) such Event of Default or Default shall be deemed to be cured and (2) such Qualified Borrower shall no longer have the ability to borrow hereunder and shall be withdrawn as a Borrower
pursuant to Section 2.9(f). 
 Section 11. AGENCY PROVISIONS 

11.1 Appointment and Authorization of Agents. 

(a) Authority. Each Lender (including any Person that is an assignee, participant, secured party or other transferee
with respect to the interest of such Lender in any Principal Obligation or otherwise under this Credit Agreement) (collectively with such Lender, a “Lender Party”) hereby irrevocably appoints, designates and authorizes each
Agent to take such action on its behalf under the provisions of this Credit Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly delegated to such Agent by the terms hereof and of the other Loan
Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere herein and in the other Loan Documents, no Agent shall have any duties or responsibilities, except those
expressly set forth herein and therein, nor shall any Agent have or be deemed to have any fiduciary relationship with any Lender Party, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this
Credit Agreement or any of the 

  
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 other Loan Documents or otherwise exist against any Agent. Without limiting the generality of
the foregoing sentence, the use of the term “agent” herein and in the other Loan Documents with reference to any Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any
Applicable Law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. The provisions of this Section 11 are
solely for the benefit of the Agents and the Lenders and no Credit Party or Affiliate thereof (each, a “Borrower Party”) or Investor or Affiliate thereof shall have any rights as a third-party beneficiary of the provisions
hereof (except as provided in Section 11.9 (regarding the Credit Parties’ consent right set forth in the first sentence thereof) or Section 11.10). 

(b) Release of Collateral. The Secured Parties irrevocably authorize the Administrative Agent, at the Administrative
Agent’s option and in its sole discretion, to release, discharge and reassign any security interest in or Lien on any Collateral granted to or held by the Administrative Agent: (i) upon termination of this Credit Agreement and the other
Loan Documents, termination of the Commitments and all Letters of Credit that have not been Cash Collateralized and payment in full of all of the Obligations (other than contingent reimbursements and indemnification obligations not then due),
including all fees and indemnified costs and expenses that are then due and payable pursuant to the terms of the Loan Documents; (ii) pursuant to any express provision of this Credit Agreement; and (iii) if approved by the Lenders,
pursuant to the terms of Section 12.1. Upon the request of the Administrative Agent, the Lenders will confirm in writing the Administrative Agent’s authority to release particular types or items of Collateral pursuant to this
Section 11.1(b) . 
 (c) Rights as a Lender. The Person serving as the Administrative Agent hereunder
shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and the term “Lender” or “Lenders” shall, unless otherwise expressly
indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the
financial advisor or in any other advisory capacity for, and generally engage in any kind of business with, the Borrowers or the Guarantor or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and
without any duty to account therefor to the Lenders. 
 11.2 Delegation of Duties. Each Agent may execute any of its
duties hereunder or under the other Loan Documents by or through agents or attorneys-in-fact and shall be entitled to advice of legal counsel, accountants, and other
professionals selected by such Agent concerning all matters pertaining to such duties. No Agent shall be responsible to any Lender Party for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care, nor shall it be liable for any action taken or suffered in good faith by it in accordance with the advice of such Persons. The exculpatory provisions of
this Section 11 shall apply to any such sub-agent of such Agent. 

  
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 11.3 Exculpatory Provisions. The Administrative Agent shall not have
any duties or obligations except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. In each case in the absence of gross negligence or willful misconduct, no Agent nor any of
its affiliates, nor any of their respective officers, directors, employees, agents or attorneys-in-fact (each such person, an “Agent-Related
Person”), shall be liable to any Lender Party for any action taken or omitted to be taken by it under or in connection herewith or in connection with any of the other Loan Documents (except for its own gross negligence or willful
misconduct) or with the consent or at the request of the Required Lenders (or such other number of percentage of the Lenders as shall be necessary), or, under the circumstances as provided in Sections 10.2 or 12.1 as the Administrative
Agent shall believe in good faith shall be necessary or be responsible in any manner to any Lender Party for any recitals, statements, representations or warranties made by any of the Borrower Parties contained herein or in any of the other Loan
Documents or in any certificate, report, document, financial statement or other written or oral statement referred to or provided for therein, or received by such Agent under or in connection herewith or in connection with the other Loan Documents,
or enforceability or sufficiency therefor of any of the other Loan Documents, or for any failure of any Borrower Party to perform its obligations hereunder or thereunder. No Agent-Related Person shall have any duty to take any discretionary action
or exercise any discretionary powers, except discretionary rights and powers expressly provided for hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such
other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents); provided that the no Agent-Related Person shall be required to take any action that, in its reasonable opinion or the opinion
of its counsel, may expose such Agent-Related Person to liability or that is contrary to any Loan Document or applicable law, including, for the avoidance of doubt, any action that may be in violation of any Debtor Relief Law. No Agent-Related
Person shall, 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 Borrowers, the Guarantor or any of their respective
Affiliates that is communicated to or obtained by any Agent-Related Person in any capacity. No Agent-Related Person 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
(ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. No Agent-Related Person shall incur any liability for not performing any act or
fulfilling any duty, obligation or responsibility hereunder by reason of any occurrence beyond the control of such Agent-Related Person (including, but not limited to any act or provision of any present or future law or regulation or governmental
authority, any act of God or war, civil unrest, local or national disturbance or disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility). No Agent-Related Person
shall be deemed to have knowledge of any Event of Default unless and until notice describing such Default is given to the Administrative Agent in writing by a Credit Party or a Lender. In each case in the absence of gross negligence or willful
misconduct, no Agent-Related Person shall be responsible to any Lender Party for the effectiveness, genuineness, validity, 

  
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 enforceability, collectability or sufficiency of this Credit Agreement, or any of the other
Loan Documents or for any representations, warranties, recitals or statements made herein or therein or made by any Borrower Party in any written or oral statement or in any financial or other statements, instruments, reports, certificates or any
other documents in connection herewith or therewith furnished or made by the Agent-Related Person to the Lenders or by or on behalf of the Borrower Parties to the Agent-Related Person or any Lender Party or be required to ascertain or inquire as to
the performance or observance of any of the terms, conditions, provisions, covenants or agreements contained herein or therein or as to the use of the proceeds of the Loans or Letters of Credit or of the existence or possible existence of any
Default or Event of Default or to inspect the properties, books or records of the Borrower Parties. The Agents are not trustees for the Lenders and owe no fiduciary duty or other implied duty to the Lenders, regardless of whether a Default has
occurred or is continuing. No Agent-Related Person shall be required to expend or risk any of its own funds or otherwise incur liability, financial or otherwise, in the performance of its duties under the Loan Documents or in the exercise of any of
its rights or powers under the Credit Agreement. Each Lender Party recognizes and agrees that the Administrative Agent shall not be required to determine independently whether the conditions described in Sections 6.2(a) or 6.2(b) have
been satisfied and, when the Administrative Agent disburses funds to any Borrower or the Letter of Credit Issuer causes Letters of Credit to be issued or accepts any Qualified Borrower Guaranties, the Administrative Agent may rely fully upon
statements contained in the relevant requests by a Borrower Party. 
 11.4 Reliance on Communications. In each case in
the absence of gross negligence or willful misconduct, the Agents shall be entitled to rely, and shall be fully protected in relying, upon any note, writing, resolution, notice, consent, certificate, affidavit, letter, email, cablegram, telegram,
telecopy, telex or teletype message, statement, order or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel
(including, without limitation, counsel to any of the Borrower Parties, independent accountants and other experts selected by the Agents with reasonable care). Each Agent may deem and treat each Lender as the owner of its interests hereunder for all
purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent in accordance with Section 12.11(d). Each Agent shall be fully justified in failing or refusing to take
any action under this Credit Agreement or under any of the other Loan Documents unless it shall first receive such advice or concurrence of the Lenders as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders
against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. Each Agent shall in all cases be fully protected in acting, or in refraining from acting, hereunder or under any of the
other Loan Documents in accordance with a request of the Required Lenders (or to the extent specifically required, all of the Lenders) and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders
(including their successors and assigns). 

  
 124 

  

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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 11.5 Notice of Default. No Agent shall be deemed to have knowledge or
notice of the occurrence of any Default or Event of Default (other than a payment default under Section 10.1(a)) hereunder unless such Agent has received notice from a Lender or a Borrower Party referring to the Loan Document, describing
such Default or Event of Default and stating that such notice is a “notice of default”. The Administrative Agent will notify the Lenders of its receipt of any such notice, and the Administrative Agent shall take such action with respect to
such Default or Event of Default as shall be reasonably directed by the Required Lenders and as is permitted by the Loan Documents. 

11.6 Non-Reliance on Agents and Other Lenders. Each Lender expressly
acknowledges that no Agent-Related Person has made any representations or warranties to it and that no act by any Agent-Related Person hereafter taken, including any review of the affairs of any Borrower Party, shall be deemed to constitute any
representation or warranty by such Agent-Related Person to any Lender. Each Lender represents to each Agent that it has, independently and without reliance upon any Agent-Related Person or any other Lender, and based on such documents and
information as it has deemed appropriate, made its own appraisal of an investigation into the business, assets, operations, property, financial and other conditions, prospects and creditworthiness of the Borrower Parties and made its own decision to
make its Loans hereunder and enter into this Credit Agreement. Each Lender also represents that it will, independently and without reliance upon any Agent-Related Person 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 analysis, appraisals and decisions in taking or not taking action under this Credit Agreement and the other Loan Documents, and to make such investigation as it deems necessary to inform
itself as to the business, assets, operations, property, financial and other conditions, prospects and creditworthiness of the Borrower Parties. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the
Administrative Agent hereunder, no Agent shall have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, assets, property, financial or other conditions, prospects or
creditworthiness of the Borrower Parties which may come into the possession of any Agent-Related Person. 
 11.7
Indemnification. Whether or not the transactions contemplated hereby are consummated, the Lenders shall indemnify, upon demand, each Agent-Related Person (to the extent not reimbursed by a Borrower Party and without limiting the obligation of
the Borrower Parties to do so), ratably in accordance with the applicable Lender’s Lender Pro Rata Share, and hold harmless each Agent-Related Person from and against any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind whatsoever which may at any time (including, without limitation, at any time following payment in full of the Obligations) be imposed on, incurred by or asserted against it in its
capacity as such in any way relating to or arising out of this Credit Agreement or the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or
omitted by it under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements resulting from such Person’s gross negligence or willful misconduct, or related to another Lender; provided, further, that no action taken in accordance with the directions of the Required Lenders or all Lenders, as
applicable, shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section 11.7. Without limitation of 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 the foregoing, each Lender shall reimburse the Administrative Agent and the Letter of Credit
Issuer upon demand for its ratable share of any costs or out-of-pocket expenses (including attorney costs) incurred by such Agent in connection with the preparation,
execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Credit Agreement, any other Loan
Document, or any document contemplated by or referred to herein, to the extent that such Agent is not reimbursed for such expenses by or on behalf of the Borrower Parties. The agreements in this Section 11.7 shall survive the termination
of the Commitments, payment of all of the Obligations hereunder and under the other Loan Documents or any documents contemplated by or referred to herein or therein, as well as the resignation or replacement of any Agent. 

11.8 Agents in Their Individual Capacity. Each Agent (and any successor acting as an Agent) and its Affiliates may make
loans to, issue letters of credit for the account of, accept deposits from, acquire equity interests in, and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with any Borrower Party (or any of its
Subsidiaries or Affiliates) as though such Agent were not an Agent or a Lender hereunder and without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, any Agent or its Affiliates may receive information
regarding the Borrower Parties or their Affiliates (including information that may be subject to confidentiality obligations in favor of such Person) and acknowledge that such Agent shall be under no obligation to provide such information to them
other than notice actually received with respect to a Default or Event of Default. With respect to the Loans made and the Letters of Credit issued and all obligations owing to it, an Agent acting in its individual capacity shall have the same rights
and powers under this Credit Agreement as any Lender and may exercise the same as though it were not an Agent, and the terms “Lender” and “Lenders” shall include each Agent in its individual capacity. 

11.9 Successor Agent. Any Agent may, at any time, resign upon twenty (20) days written notice to the Lenders, the
Letter of Credit Issuer and the Borrower Parties, provided, however, that except (a) in the case of a merger by the Administrative Agent with another financial institution (even if the Administrative Agent is not the surviving
entity), (b) in the event that such resignation is required for regulatory reasons as determined in good faith by the Administrative Agent, or (c) during the continuance of an Event of Default, any resignation by the Administrative Agent shall
require the prior written consent of the Credit Parties, which consent may be granted or withheld in the Credit Parties’ sole discretion, and the appointment of any successor Administrative Agent shall require the prior written approval of the
Credit Parties (such approval not to be unreasonably withheld or delayed) and the Required Lenders. If no successor agent is appointed prior to the effective date of the resignation of the applicable Agent, then the retiring Agent may appoint, after
consulting with the Lenders and the Credit Parties, a successor Agent from any of the Lenders. Upon the acceptance of its appointment as successor agent hereunder, such successor agent shall thereupon succeed to and become vested with all the
rights, powers, privileges and duties of the retiring Agent, and shall assume the duties and obligations of such retiring Agent, and the retiring Agent shall be discharged from its duties and obligations as Agent under this Credit Agreement and the

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 other Loan Documents. After any retiring Agent’s resignation hereunder as Agent, the
provisions of this Section 11.9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Agent under this Credit Agreement. If no successor agent has accepted appointment as Agent by the date which
is thirty (30) days following a retiring Agent’s notice of resignation, the retiring Agent’s resignation shall nevertheless thereupon become effective and the applicable Lenders shall perform all of the duties of the Administrative
Agent hereunder until such time, if any, as the applicable Lenders appoint a successor agent as provided for above. Notwithstanding anything in this Section 11.9 to the contrary, any Agent may subcontract certain of its duties hereunder
to a third party so long as the applicable Agent remains primarily liable for the performance of its applicable obligations hereunder. Any resignation by HSBC as Administrative Agent pursuant to this Section 11.9 shall also constitute
its resignation as Letter of Credit Issuer. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of
the retiring Letter of Credit Issuer, (b) the retiring Letter of Credit Issuer shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents after giving effect to clause (c) below, and
(c) as a condition to becoming the Letter of Credit Issuer, the successor Letter of Credit 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
arrangement satisfactory to the retiring Letter of Credit Issuer to effectively assume the obligations of the retiring Letter of Credit Issuer with respect to such Letters of Credit. 

11.10 Reliance by the Credit Parties. The Credit Parties shall be entitled to rely upon, and to act or refrain from
acting on the basis of, any notice, statement, certificate, waiver or other document or instrument delivered by the Administrative Agent to the Credit Parties, so long as the Administrative Agent is purporting to act in its respective capacity as
the Administrative Agent pursuant to this Credit Agreement, and the Credit Parties shall not be responsible or liable to any Lender (or to any Participant or to any Assignee), or as a result of any action or failure to act (including actions or
omissions which would otherwise constitute defaults hereunder) which is based upon such reliance upon the Administrative Agent. The Credit Parties shall be entitled to treat the Administrative Agent as the properly authorized Administrative Agent
pursuant to this Credit Agreement until the Credit Parties shall have received notice of resignation, and the Credit Parties shall not be obligated to recognize any successor Administrative Agent until the Credit Parties shall have received written
notification satisfactory to them of the appointment of such successor. 
 11.11 Administrative Agent May File Proofs of
Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Borrower Party, the Administrative Agent (irrespective of
whether the principal of any Loan or Letter of Credit Liability 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 Borrower Parties)
shall be entitled and empowered, by intervention in such proceeding or otherwise: 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (a) to file and prove a claim for the whole amount of the principal and
interest owing and unpaid in respect of the Principal 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 Secured Parties (including any
claim for the reasonable compensation, expenses, disbursements and advances of the Secured Parties and their respective agents and counsel and all other amounts due the Secured Parties hereunder) 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 Secured Party to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Secured Party, 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 hereunder. 

Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any
Secured Party any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Secured Party or to authorize the Administrative Agent to vote in respect of the claim of any Secured Party in any such
proceeding. 
 Section 12. MISCELLANEOUS 

12.1 Amendments. Except as may be otherwise provided in this Credit Agreement or any other Loan Document, neither this
Credit Agreement (including the exhibits hereto) nor any other Loan Document (other than the Fee Letter entered into as of the Closing Date) to which any Credit Party is a party, nor any of the terms hereof or thereof, may be amended, waived, discharged or terminated, unless such amendment, waiver, discharge, or termination is in writing and signed by
the Administrative Agent and the Required Lenders, on the one hand, and such Credit Party on the other hand; and, if the rights or duties of an Agent are affected thereby, by such Agent; provided that no such amendment, waiver, discharge, or
termination shall, without the consent of: 
 (a) each Lender directly affected thereby: 

(i) increase the amount or alter the term of the Commitment of such Lender, reduce or otherwise alter in a manner adverse to
such Lender the provisions relating to any fees (or any other payments other than as a result of waiving the applicability of Default Rate) payable to such Lender, or accelerate or postpone the obligations of any Lender to advance its portion of any
Borrowing, as contemplated in Section 2.5 or issue or participate in any Letter of Credit, as contemplated in Section 2.8; 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (ii) extend the time for payment of the principal of or interest on the
Obligations, or fees or costs, or reduce the principal amount of the Obligations (except as a result of the application of payments or prepayments), or reduce the rate of interest borne by the Obligations (other than as a result of waiving the
applicability of the Default Rate); 
 (iii) release all or substantially all Liens granted under the Collateral Documents,
except as otherwise contemplated herein or therein, and except in connection with the transfer of interests in, or withdrawal from, a Credit Party permitted hereunder or in any other Loan Document; or  

(iv) alter the manner in which payments or prepayments of the principal of or interest on the Obligations, fees or costs
or any other amounts hereunder shall be applied as among the Lenders or types of Loans; or 

(v)
 amend any terms of any Fee Letter; 
 (b) all Lenders (other
than any Defaulting Lender): 
 (i) reduce the percentages specified in the definition of Required Lenders herein or any
other provision hereof specifying the number or percentage of the Lenders which are required to amend, waive or modify any rights hereunder or otherwise make any determination or grant any consent hereunder; 

(ii) except as otherwise provided in this Credit Agreement, consent to the assignment or transfer by any Credit Party of
any of its rights and obligations under (or in respect of) the Loan Documents; 
 (iii) except as otherwise provided in
this Credit Agreement, release any Borrower from its obligations under any Borrower Guaranty prior to the repayment in full of all outstanding Principal Obligations guaranteed thereby; 

(iv) amend the terms of this Section 12.1; 

(v) except as otherwise provided in this Credit Agreement, permit the cancellation, excuse or reduction of the Unfunded
Capital Commitment of any Investor; 
 (vi) amend the definition of “Available Commitment”, “Borrowing
Base”, “Included Investor”, “Designated Investor”, “Concentration Limits”, or “Funding Ratio” or the definition of any of the defined terms used therein, or 

(vii) amend the definition of Change of Control, Section 6.2, Section 9.11 or
Section 10.1(o) . 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 The Administrative Agent agrees that it will promptly notify each Lender and the Letter of
Credit Issuer of any proposed modification, waiver or amendment to any Loan Document, and deliver drafts of such proposed modification, waiver or amendment to such Lenders and the Letter of Credit Issuer, prior to the effectiveness of such proposed
modification, waiver or amendment; provided, that failure to provide such notice (other than in order to obtain the necessary consents required above) shall not be a condition to the effectiveness of any such modification, waiver or
amendment. Notwithstanding the above: (A) no provisions of Section 11 may be waived, amended or modified without the consent of the Administrative Agent, or, to the extent affected thereby, any other Agent, and no provisions of
Section 2.8 may be amended or modified without the consent of the Letter of Credit Issuer; and (B) Section 8 and Section 9 specify the requirements for waivers of the Affirmative Covenants and Negative
Covenants listed therein, and any amendment to a provision of Section 8 or Section 9 shall require the consent of the Lenders or the Administrative Agent that are specified therein as required for a waiver thereof. Any
amendment, waiver or consent not specifically addressed in this Section 12.1 or otherwise shall be subject to the approval of the Administrative Agent and the Required Lenders. 

Notwithstanding the fact that the consent of all the Lenders is required in certain circumstances as set forth above: (1) each Lender is
entitled to vote as such Lender sees fit on any reorganization plan that affects the Loans or the Letters of Credit, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code of the United States supersede the
unanimous consent provisions set forth herein; and (2) the Administrative Agent may, in its sole discretion, agree to the modification or waiver of any of the other terms of this Credit Agreement or any other Loan Document or consent to any
action or failure to act by any Credit Party, if such modification, waiver, or consent is of an administrative nature. 
 Notwithstanding
anything to the contrary herein, if following the Closing Date, the Administrative Agent and the Borrowers shall have jointly identified an obvious error or any error or omission of a technical or immaterial nature, in each case, in any provision of
this Credit Agreement or any other Loan Document, then the Administrative Agent and the Borrowers shall be permitted to amend such provision and such amendment shall become effective without any further action or consent of any other party to this
Credit Agreement or any other Loan Document if the same is not objected to in writing by the Required Lenders within three (3) Business Days following receipt of notice thereof. 

If the Administrative Agent shall request the consent of any Lender to any amendment, change, waiver, discharge, termination, consent or
exercise of rights covered by this Credit Agreement, and shall not receive such consent or denial thereof in writing within ten (10) Business Days of the making of such request by the Administrative Agent, such Lender shall be deemed to have
given its consent to the request. 
 Notwithstanding
anything to the contrary herein, any amendment, waiver, termination or modification in respect of the Temporary Increase Tranche shall require only the consent of the Administrative Agent and each applicable Temporary Increase
Lender. 
 12.2 Sharing of Offsets. Each Lender and
the Administrative Agent agree that if it shall, through the exercise of any right of counterclaim, offset, banker’s lien or otherwise, receive payment of a portion of the aggregate amount of principal, interest and fees due to such Lender
hereunder which constitutes a greater proportion of the aggregate 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 amount of principal, interest and fees then due to such Lender hereunder than the proportion
received by any other Lender in respect of the aggregate amount of principal, interest and fees due with respect to such other Lenders under this Credit Agreement, then such Lender shall purchase participations in the Obligations under this Credit
Agreement held by such other Lenders so that all such recoveries of principal, interest and fees with respect to this Credit Agreement, the Notes and the Obligations thereunder held by the Lenders shall be pro rata according to each
Lender’s outstanding Obligations (determined as of the date thereof and regardless of any change in any Lender’s outstanding Obligations caused by such Lender’s receipt of a proportionately greater or lesser payment hereunder). 

12.3 Sharing of Collateral. To the extent permitted by Applicable Law, each Lender and the Administrative Agent, in its
capacity as a Lender, agrees that if it shall, through the receipt of any proceeds from an Investor Capital Call or the exercise of any remedies under any Collateral Documents, receive or be entitled to receive payment of a portion of the aggregate
amount of principal, interest and fees due to it under this Credit Agreement which constitutes a greater proportion of the aggregate amount of principal, interest and fees then due to such Lender under this Credit Agreement than the proportion
received by any other Lender in respect of the aggregate amount of principal, interest and fees due with respect to any Obligations to such Lender under this Credit Agreement, then such Lender or the Administrative Agent, in its capacity as a
Lender, as the case may be, shall purchase participations in the Obligations under this Credit Agreement held by such other Lenders so that all such recoveries of principal, interest and fees with respect to this Credit Agreement, the Notes and the
Obligations thereunder held by the Lenders shall be pro rata according to each Lender’s outstanding Obligations (determined as of the date hereof and regardless of any change in any Lender’s outstanding Obligations caused by such
Lender’s receipt of a proportionately greater or lesser payment hereunder). Each Lender hereby authorizes and directs the Administrative Agent to coordinate and implement the sharing of collateral contemplated by this Section 12.3
prior to the distribution of proceeds from Investor Capital Calls or proceeds from the exercise of remedies under the Collateral Documents prior to making any distributions of such proceeds to each Lender or the Administrative Agent, in its capacity
as a Lender. 
 12.4 Waiver. No failure to exercise, and no delay in exercising, on the part of any Agent or Lender,
any right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other further exercise thereof or the exercise of any other right. The rights and remedies of the Agents and the Lenders hereunder
and under the Loan Documents shall be in addition to all other rights provided by Applicable Law. No modification or waiver of any provision of this Credit Agreement, the Notes or any of the other Loan Documents, nor consent to departure therefrom,
shall be effective unless in writing and no such consent or waiver shall extend beyond the particular case and purpose involved. No notice or demand given in any case shall constitute a waiver of the right to take other action in the same, similar
or other instances without such notice or demand. A waiver on any one or more occasions shall not be construed as a bar to or waiver of any right or remedy on any future occasion. 

  
 131 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 12.5 Payment of Expenses; Indemnity. 

(a) Each Borrower hereby agrees to pay on a joint and several basis (promptly and in all events within thirty (30) days
after the receipt of written notice from the Administrative Agent with appropriate supporting documentation) its pro rata portion of all reasonable and documented
out-of-pocket costs and expenses of the Administrative Agent (including, without limitation, the reasonable and documented fees and expenses of the Administrative
Agent’s one designated law firm and, to the extent applicable, one law firm in each relevant foreign jurisdiction) reasonably and actually incurred by it in connection with the negotiation, preparation, execution and delivery of this Credit
Agreement, the Notes, and the other Loan Documents, any and all amendments, modifications and supplements thereof or thereto and the initial syndication undertaken at the direction of, or with the approval of, the Borrowers, and, if an Event of
Default exists, all reasonable and documented out-of-pocket costs and expenses of the Administrative Agent (including, without limitation, the attorneys’ reasonable
and documented fees of the Administrative Agent’s one designated law firm and, to the extent applicable, one law firm in each relevant foreign jurisdiction) reasonably and actually incurred by them in connection with the preservation and
enforcement of the Administrative Agent’s, Letter of Credit Issuer’s and the Lenders’ rights under this Credit Agreement, the Notes, and the other Loan Documents. 

(b) Each Borrower hereby agrees on a joint and several basis to indemnify each Agent-Related Person, each Lender, the Letter of
Credit Issuer and each of their respective Affiliates, directors, officers, employees, counsel, agents and attorneys-in-fact (collectively, the
“Indemnitees”) against, and to hold each Indemnitee harmless from, such Borrower’s portion of any and all losses, claims, actions, judgments, suits, disbursements, penalties, damages, liabilities and related expenses and
counsel fees and expenses (including, without limitation, the counsel fees and expenses incurred in the enforcement of any Loan Documents against any Credit Party), incurred by or asserted against any Indemnitee arising out of, in any way connected
with, or as a result of: 
 (i) the execution, delivery and enforcement of this Credit Agreement or any other Loan Document
or any agreement or instrument contemplated thereby, 
 (ii) the use or misuse of the proceeds of any Loans to a
Borrower or Letters of Credit, 
 (iii) any refusal by the Letter of Credit 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, 

(iv) the fraudulent actions or misrepresentations of any Credit Party or its Affiliates in connection with the
transactions contemplated by this Credit Agreement and the other Loan Documents, or any breach by any Credit Party of its obligations under this Credit Agreement or any other Loan Document, or 

 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (v) any claim, litigation, investigation or proceeding relating to any of the
foregoing or relating to any transaction contemplated hereby, whether or not any Indemnitee is a party thereto; 
 provided that such
indemnity shall not, as to any Indemnitee, apply to (x) any such losses, claims, actions, judgments, suits, disbursements, penalties, damages, liabilities or related expenses arising from the gross negligence, bad faith or willful misconduct,
as determined by a court of competent jurisdiction by final and nonappealable judgment, of such Indemnitee (or such Indemnitee’s Affiliates or any of their respective officers, directors, employees, agents or attorneys-in-fact); (y) any settlements related to the Credit Agreement or transactions contemplated hereby without the consent of the Borrower (such consent not to be unreasonably withheld or delayed); or
(z) disputes among two or more Indemnitees; provided, however, that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, actions, judgments, suits, disbursements, penalties, damages,
liabilities or related expenses (x) result from a claim brought by each Borrower or any Subsidiary thereof against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if such
Borrower or such Subsidiary has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction, (y) is recourse for amounts owing from Investor Capital Commitments that are
uncollectible or uncollected due to the bankruptcy, insolvency or financial inability of the Investor to pay shall be excluded from the indemnifications provided for in this Section 12.5 or (z) with respect to Taxes other than any
Taxes that represent losses, claims, damages, liabilities and related expenses arising from any non-Tax claim. 

(c) In addition to and without limiting the foregoing, each of the Borrowers hereby agrees to indemnify and hold the
Indemnitees harmless from and against, and agree to reimburse any Indemnitee on demand for, and agree to defend the Indemnitees against, any and all Environmental Liabilities of the Borrowers, incurred by any Indemnitee. WITHOUT LIMITATION, THE
FOREGOING INDEMNITY SHALL APPLY TO EACH INDEMNITEE WITH RESPECT TO ANY SUCH ENVIRONMENTAL LIABILITIES WHICH IN WHOLE OR IN PART ARE CAUSED BY OR ARISE OUT OF THE NEGLIGENCE OF SUCH (OR ANY OTHER) INDEMNITEE. HOWEVER, SUCH INDEMNITY SHALL NOT APPLY
TO A PARTICULAR INDEMNITEE TO THE EXTENT THAT THE SUBJECT OF THE INDEMNIFICATION IS CAUSED BY OR ARISES OUT OF THE GROSS NEGLIGENCE, BAD FAITH OR WILLFUL MISCONDUCT OF THAT PARTICULAR INDEMNITEE (OR SUCH INDEMNITEE’S AFFILIATES OR ANY OF THEIR
RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS OR ATTORNEYS-IN-FACT). 

(d) WITHOUT LIMITATION OF AND SUBJECT TO THE FOREGOING, EACH BORROWER INTENDS AND AGREES THAT THE FOREGOING INDEMNITIES SHALL
APPLY TO EACH INDEMNITEE WITH RESPECT TO ALL CLAIMS, DAMAGES, LOSSES, LIABILITIES, AND EXPENSES (INCLUDING, WITHOUT LIMITATION, THE REASONABLE FEES AND EXPENSES OF COUNSEL) WHICH IN WHOLE OR IN PART ARE CAUSED BY OR ARISE OUT OF THE NEGLIGENCE OR
CLAIMS OF NEGLIGENCE OF SUCH OR ANY OTHER INDEMNITEE OR ANY STRICT LIABILITY OR CLAIMS OF STRICT LIABILITY. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (e) The provisions of this Section 12.5 shall survive termination
of this Credit Agreement, and shall remain operative and in full force and effect regardless of the expiration of the Commitment Period, the consummation of the transactions contemplated hereby, the repayment of the Obligations, the occurrence of
the Maturity Date, the invalidity, illegality, or unenforceability of any term or provision of this Credit Agreement or any other Loan Document, or any investigation made by or on behalf of the Agents or the Lenders. All amounts due under this
Section 12.5 shall be payable promptly (and in all events within thirty (30) days) upon written demand therefor. 

(f) To the fullest extent permitted by Applicable Law, no party hereto shall assert, and each party hereto hereby waives, and
acknowledges that no other Person shall have, any claim against any other party hereto, 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 Credit Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. No party hereto 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 party through telecommunications, electronic or other information transmission systems in connection
with this Credit 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 party as determined by a final and
nonappealable judgment of a court of competent jurisdiction. 
 12.6 Notice. 

(a) Notices Generally. Any notice, demand, request or other communication which any party hereto may be required or may
desire to give hereunder shall be in writing (except where telephonic instructions or notices are expressly authorized herein to be given) and shall be deemed to be effective: (a) if by hand delivery, telecopy or other facsimile transmission,
on the day (or if delivered on a day that is not a Business Day, on the first Business Day after such day) and at the time on which delivered to such party at the address or fax numbers specified below; (b) if by mail, on the day which it is
received after being deposited, postage prepaid, in the United States registered or certified mail, return receipt requested, addressed to such party at the address specified below; (c) if by FedEx or other internationally recognized reputable
express mail service for next Business Day scheduled delivery, on the next Business Day following the delivery to such express mail service, addressed to such party at the address set forth below; (d) if by telephone, on the day and at the time
communication with one of the individuals named below occurs during a call to the telephone number or numbers indicated for such party below; or (e) if by email, approved in Section 12.6(b) . 

  
 134 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 If to a Borrower or the Guarantor: 

At the address specified with respect thereto on Schedule I hereto 

With copies (which shall not be deemed to be notice hereunder) to: 

Fried, Frank, Harris, Shriver & Jacobson LLP 

One New York Plaza 
 New York, NY
10004 
 Attention: Adam Summers 

Telephone: (212) 859-8992 

Fax: (212) 859-4000 

E-mail: adam.summers@friedfrank.com 

If to a Qualified Borrower: 
 At the address
specified in its Qualified Borrower Note 
 With copies (which shall not be deemed to be notice hereunder) to: 

Fried, Frank, Harris, Shriver & Jacobson LLP 

One New York Plaza 
 New York, NY
10004 
 Attention: Adam Summers 

Telephone: (212) 859-8992 

Fax: (212) 859-4000 

E-mail: adam.summers@friedfrank.com 

If to the Administrative Agent or Letter of Credit Issuer: 

HSBC Bank USA, National Association 

452 Fifth Avenue – 8E6 
 New
York, New York 10018 
 Attention: Corporate Trust and Loan Agency 

Telephone: (212) 525-3001 

Email: ctlany.loanagency@us.hsbc.com 

  
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 HSBC Bank USA, National Association 

452 Fifth Avenue 
 New York, NY
10018 
 Attention: Brian Larkin 

Telephone: (212) 525-6665 

brian.larkin@us.hsbc.com 
 HSBC
Bank USA, National Association 
 452 Fifth Avenue 

New York, NY 10018 
 Attention:
Cameron Hughes 
 Telephone: (212) 525-3994 

Email: cameron.j.hughes@us.hsbc.com 

With copies to: 

Cadwalader, Wickersham & Taft LLP 

227 West Trade Street 
 Charlotte,
NC 28202 
 Attention: Wesley Misson 

Telephone: (704) 348-5355 

Fax: (704) 348-5200 

Email: wesley.misson@cwt.com 
 If to the Lenders:

 At the address and numbers set forth below the signature of such Lender on the signature page hereof or on the Assignment and Acceptance
Agreement of such Lender. 
 Any party may change its address for purposes of this Credit Agreement by giving notice of such change to the
other parties pursuant to this Section 12.6. With respect to any notice received by the Administrative Agent from any Borrower not otherwise addressed herein, the Administrative Agent shall notify the Lenders promptly of the receipt of
such notice, and shall provide copies thereof to the Lenders. 
 (b) Electronic Communication. Notices and other
communications to the Lenders and the Letter of Credit Issuer or any other person 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 pursuant to Section 2 if such Lender or the Letter of Credit Issuer has notified the Administrative
Agent and the Primary Borrower that it is incapable of receiving such notices by electronic communication. Any Credit Party 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. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Unless the Administrative Agent otherwise prescribes, (i) notices and
other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested”
function, as available, return e-mail or other written acknowledgement); 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.

 12.7 Governing Law. The laws of the State of New York shall govern the validity, construction, enforcement and
interpretation of this Credit Agreement and all of the other Loan Documents. 
 12.8 Choice of Forum; Consent to Service
of Process and Jurisdiction; Waiver of Trial by Jury. Any suit, action or proceeding against any Credit Party with respect to this Credit Agreement, the Notes or the other Loan Documents or any judgment entered by any court in respect thereof,
may be brought in the courts of the State of New York, or in the United States Courts located in the Borough of Manhattan in New York City, pursuant to Section 5-1402 of the New York General Obligations
Law, and each Credit Party hereby submits to the non-exclusive jurisdiction of such courts for the purpose of any such suit, action or proceeding. Each party hereto hereby irrevocably consents to the service
of process in any suit, action or proceeding in said court by the mailing thereof by the applicable party by registered or certified mail, postage prepaid, to such party’s address set forth in Section 12.6. Each party hereto hereby
irrevocably waives any objections which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Credit Agreement or the Notes brought in the courts located in the State of New York,
Borough of Manhattan in New York City, and hereby further irrevocably waives any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. EACH OF THE PARTIES HERETO HEREBY WAIVES TRIAL BY
JURY IN ANY SUIT, ACTION OR PROCEEDING BROUGHT IN CONNECTION WITH THIS CREDIT AGREEMENT, THE NOTES OR ANY OF THE OTHER LOAN DOCUMENTS, WHICH WAIVER IS INFORMED AND VOLUNTARY. 

12.9 Invalid Provisions. If any provision of this Credit Agreement is held to be illegal, invalid, or unenforceable
under present or future laws effective during the term of this Credit Agreement, such provision shall be fully severable and this Credit Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision had never
comprised a part of this Credit Agreement, and the remaining provisions of this Credit Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance from this Credit
Agreement, unless such continued effectiveness of this Credit Agreement, as modified, would be contrary to the basic understandings and intentions of the parties as expressed herein. If any provision of this Credit Agreement shall conflict with or
be inconsistent with any provision of any of the other Loan Documents, then the terms, conditions and provisions of this Credit Agreement shall prevail. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 12.10 Entirety. The Loan Documents embody the entire agreement between
the parties and supersede all prior agreements and understandings, if any, relating to the subject matter hereof and thereof. 

12.11 Parties Bound; Assignment. 

(a) Parties Bound. The provisions of this Credit Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns, except that, except as expressly permitted hereby, no Borrower may assign or otherwise transfer any of its respective rights under this Credit Agreement without the prior written consent of all the
Lenders. 
 (b) Participations. With the prior written consent of the Administrative Agent, and, other than during the
continuance of an Event of Default or in the case of participation to an Affiliate of a Lender, the Borrowers (such consents not to be unreasonably withheld), any Lender may (subject to compliance with the provisions of this
Section 12.11) at any time grant to one or more banks or other institutions (each a “Participant”) a participating interest in its Commitment or any or all of its Principal Obligations. In the event of any such
grant by a Lender of a participating interest to a Participant, such Lender shall retain the sole right and responsibility to enforce and exercise any rights and perform its obligations hereunder and under the other Loan Documents, the
Administrative Agent and the Letter of Credit Issuer shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Credit Agreement. Any agreement pursuant to which any Lender may
grant such a participating interest shall provide that such Lender shall retain the sole right and responsibility to enforce the Obligations including, without limitation, the right to approve any amendment, modification or waiver of any provision
of this Credit Agreement. The voting rights of each Participant shall be limited to (i) reductions or increases in the amount, or altering the term, of the Commitment of such Participant and (ii) changes to the Maturity Date or interest
rate. The Credit Parties agree that each Participant shall be entitled to the benefits of Section 4 and Section 5.3 with respect to its participating interest, to the extent that such Participant complies with the
requirements of such Sections (it being understood that the documentation required under Section 4.1(f) shall be delivered to the granting Lender), as if it were a Lender; provided (i) that in no event shall any Borrower be
obligated to pay to such Participant amounts greater than those such Borrower would have been required to pay to the granting Lender in the absence of such participation, except to the extent that such obligation to pay such greater amounts results
from a Change in Law that occurs after the Participant acquires the applicable participation, and (ii) it shall be reasonable for the Borrowers to decline consent to a participation to a Lender which does not agree to waive its rights under
Section 5.3 of this Credit Agreement. An assignment or other transfer which is not permitted by subsection (d) below shall be given effect for purposes of this Credit Agreement only to the extent of a participating interest
which is permitted in accordance 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
with this subsection (b). Each Lender that sells a participating interest in any Loan, Commitment or other interest to a Participant shall, as agent of the Credit Parties solely for the
purpose of this Section 12.11(b), record in book entries maintained by such Lender the name and the principal amount (and stated interest) of the participating interest of each Participant entitled to receive payments in respect of such
participating interests (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any
information relating to a Participant’s interest in any commitment, loan, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such
commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Credit Agreement notwithstanding any notice to the contrary. For
the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(c) [Reserved.] 

(d) Assignments by Lenders. With the prior written consent of the Administrative Agent and the Letter of Credit Issuer,
and, other than (x) during the continuance of an Event of Default or (y) in the case of an assignment to an existing Lender, or an Affiliate of the assigning Lender that is an Eligible Institution, the Borrowers (such consents not to be
unreasonably withheld), any Lender may (at its expense) at any time assign to one or more Eligible Assignees (an “Assignee”) all, or a proportionate part of all (in a constant, not varying, percentage), of its rights and
obligations under this Credit Agreement, and such Assignee shall assume such rights and obligations, pursuant to an Assignment and Acceptance Agreement; provided that: 

(i) this Section 12.11(d) shall not restrict an assignment or other transfer by any Lender to a Federal Reserve
Bank, but no such assignment to a Federal Reserve Bank shall release the assigning Lender from its obligations hereunder; 

(ii) except in the case of an assignment to another Lender, or the assignment of all of a Lender’s rights and
obligations under this Credit Agreement, any assignment shall be in a minimum amount of $20,000,000 unless otherwise consented to by the Administrative Agent, and, other than during the continuance of an Event of Default, the Borrowers; 

(iii) the assignee shall deliver to the Borrowers and the Administrative Agent any documentation required pursuant to
Section 4.1(f); 
 (iv) the parties to each such assignment shall execute and deliver to the Administrative Agent
an Assignment and Acceptance Agreement and pay to the transferor Lender an amount equal to the purchase price agreed between such transferor Lender and such Assignee, and the transferor Lender shall deliver payment of a processing and recordation
fee of $3,500 to the Administrative Agent; and 

  
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 (v) notwithstanding anything in this Section 12.11 to the
contrary, it shall be reasonable for the Borrowers to decline consent to an assignment to a Lender which does not agree to waive its rights under Section 5.3 of this Credit Agreement. 

(e) Consequences of Assignment by Lenders. Upon execution and delivery of such Assignment and Acceptance Agreement and
payment by such Assignee to such transferor Lender of an amount equal to the purchase price agreed between such transferor Lender and such Assignee, such Assignee shall become party to this Credit Agreement as a Lender and shall have all the rights
and obligations of a Lender with a Commitment as set forth in such Assignment and Acceptance Agreement, and the transferor Lender shall be released from its obligations hereunder to a corresponding extent, and no further consent or action by any
party shall be required. 
 (f) Required Consents. No consent shall be required for any assignment except to the
extent required by paragraph (d) of this Section 12.11 and, in addition: 
 (i) the consent of the Borrowers
shall be required unless (x) an Event of Default has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender or an Affiliate of the assigning Lender that is an Eligible Institution; 

(ii) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required
for assignments if such assignment is to a Person that is not a Lender or an Affiliate of such Lender; and 
 (iii) the
consent of the Letter of Credit Issuer (such consent not to be unreasonably withheld or delayed) shall be required for any assignment if such assignment is to a Person that is not a Lender or an Affiliate of such Lender. 

(g) Limitations on Assignments and Participations. Notwithstanding anything in this Section 12.11 to the
contrary, (i) each Participant and each Assignee must be a Qualified Purchaser and (ii) prior to an Event of Default, at no time shall there be more than two (2) Lenders and Participants in the aggregate without the consent of the
Borrowers in their sole discretion. 
 (h) Register of Lenders. The Administrative Agent shall maintain at its
principal offices in New York, New York or at such other location as the Administrative Agent shall designate in writing to each Lender and the Borrowers, a copy of each Assignment and Acceptance Agreement and each Lender Joinder Agreement delivered
to and accepted by it and a register for the recordation of the names and addresses of the Lenders, the amount of each Lender’s pro rata share of the Commitments
under each TrancheCommitment and principal amounts
(and stated interest) of the Loans, and the 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
name and address of each Lender’s agent for service of process in New York (the “Register”). The entries in the Register shall be conclusive and binding for all
purposes, absent manifest error, and the Borrowers, the Agents and the Lenders shall treat each person or entity whose name is recorded in the Register as a Lender hereunder for all purposes of this Credit Agreement. The Register shall be available
for inspection and copying by any Borrower or any Lender during normal business hours upon reasonable prior notice to the Administrative Agent. A Lender may change its address and its agent for service of process upon written notice to the
Administrative Agent, which notice shall be effective upon actual receipt by the Administrative Agent, which receipt will be acknowledged by the Administrative Agent upon request. Upon receipt of any Assignment and Acceptance Agreement or Lender
Joinder Agreement, the Administrative Agent shall, if such Assignment and Acceptance Agreement or Lender Joinder Agreement has been completed, fully-executed and is in the form of Exhibit G or Exhibit O, as applicable, attached hereto:
(i) accept such an Assignment and Acceptance Agreement or Lender Joinder Agreement; (ii) record the information contained therein in the Register and (iii) give prompt notice thereof to the Borrowers. 

(i) Addition of Lenders. In accordance with Section 2.14, at the request of the Borrowers, a new lender may
join the Credit Facility as a Lender by delivering a Lender Joinder Agreement to the Administrative Agent, and such new Lender shall assume all rights and obligations of a Lender under this Credit Agreement and the other Loan Documents; provided
that: 
 (i) the Commitment of the new Lender shall be in addition to the Commitment of the existing Lenders in effect on
the date of such new Lender’s entry into the Credit Facility and the Maximum Commitment shall be increased in a corresponding amount in accordance with Section 2.14; and 

(ii) the parties shall execute and deliver to the Administrative Agent a Lender Joinder Agreement, the Borrowers shall
execute such new Notes as the Administrative Agent or any Lender may request, and the new Lender shall deliver payment of a processing and recordation fee of $3,500 to the Administrative Agent, which amount the Administrative Agent may waive in its
sole discretion. 
 (j) Disclosure of Information. Any Lender may furnish any information concerning any Borrower
Party in the possession of such Lender from time to time to assignees and participants (including prospective assignees and participants), subject, however, to the provisions of Section 12.17. 

(k) Lender Representation. Each Lender represents and warrants that it is (and its Participants, if any, will be) a
Qualified Purchaser. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 12.12 Lender Removal/Replacement. 

(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 Administrative Agent, the Lenders, or the Borrowers at law or in equity, such Lender’s right to vote on matters related to this Credit Agreement, and to participate in the administration of the Loans and this Credit Agreement,
shall be suspended during the pendency of such failure or refusal. The Borrowers may, upon prior written notice to the Administrative Agent and, if applicable, Defaulting Lender, with respect to (x) a Defaulting Lender, (y) a Lender who
does not consent to an amendment or waiver under Section 12.1 or that does not consent to an extension of the Stated Maturity Date under Section 2.13(a), or (z) a Secured Party requesting compensation or indemnification
under Section 4.1, Section 4.2, Section 4.3, Section 4.4, Section 4.5 or Section 4.6, as the case may be, require such Defaulting Lender,
non-consenting Lender or Secured Party to (i) assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 12.11), all its interests, rights
and obligations as a Lender under this Credit Agreement and the other Loan Documents to an Eligible Assignee acceptable to the Administrative Agent or (ii) resign from its obligations as Lender or Secured Party under the Credit Agreement and
other Loan Documents and the Borrowers may reduce the Maximum Commitment by an amount equal to such Lender or Secured Party’s Commitment on a non-pro-rata basis;
provided that (x) the assigning Lender shall have received payment of an amount equal to the aggregate outstanding principal balance of the Loans funded by it, all accrued and unpaid interest thereon, all accrued and unpaid fees to which
such Lender is entitled and all other Obligations payable to such Lender hereunder, from the assignee (to the extent of such outstanding principal balance, accrued interest and fees) or the Borrowers (in the case of all other Obligations) and
(y) in the case of any such assignment resulting from a demand for compensation or indemnification under Section 4.1, Section 4.2, Section 4.3, Section 4.4, Section 4.5 or
Section 4.6 such assignment will result in a reduction in such compensation or payments. Any such assignment shall be made upon not less than ten (10) Business Days’ notice delivered by the Borrowers to the Defaulting Lender
and the Administrative Agent. The Defaulting Lender required to assign pursuant to this Section 12.12 shall have no duty to procure an assignee.Subject to subsection (a) above, the Administrative Agent shall have the right,
but not the obligation to acquire at par all of such Defaulting Lender’s Commitment, including its Lender Pro Rata Share (immediately prior to becoming a Defaulting Lender) of the Obligations under this Credit Agreement. In the event that the
Administrative Agent does not exercise its right to so acquire all of such Lender’s interests, then each Lender that is not a Defaulting Lender (a “Current Party”) shall then, thereupon, have the right, but not the
obligation, to acquire at par (or if more than one Current Party exercises such right, each Current Party shall have the right to acquire, pro rata, at par) such Defaulting Lender’s Commitment, including its Lender Pro Rata Share (immediately
prior to becoming a Defaulting Lender) of the outstanding Obligations under this Credit Agreement. 
 12.13 Maximum
Interest. Regardless of any provision contained in any of the Loan Documents, in no event shall the rate of interest payable by any Borrower with respect to any Obligation exceed the Maximum Rate. 

12.14 Headings. Section headings are for convenience of reference only and shall in no way affect the interpretation of
this Credit Agreement. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 12.15 Survival. All representations and warranties made by the Credit
Parties herein shall survive delivery of the Notes, the making of the Loans and the issuance of the Letters of Credit. 

12.16 Full Recourse. Notwithstanding anything in this Credit Agreement or the other Loan Documents to the contrary,
(i) the Obligations of any Borrower shall be fully recourse to such Borrower and the Guarantor and (ii) the Obligations shall not be recourse to the Investors, to any of the Borrowers’ or Guarantor’s past, present or future
directors officers, employees, incorporators, authorized persons or agents, or the Investment Manager, except, in each case, with respect to the Collateral pledged pursuant to the Loan Documents and for any claim or action for actual damages of the
Administrative Agent or the Lenders as a result of any fraud, bad faith, willful misrepresentation or willful misappropriation of proceeds from the Credit Facility on the part of such Person, in which event there shall be full recourse against such
Person. The Portfolio Investments shall not be included in the Collateral. No Investor shall have any personal liability under this Credit Agreement or the other Loan Documents; provided that the foregoing shall not limit the obligations of
such Investor under the Guarantor’s Governing Documents or its Subscription Agreement to make Investor Capital Contributions with respect to its Unfunded Capital Commitment. 

12.17 Availability of Records; Confidentiality. (a) The Agent and the Lenders agree to keep confidential (and use
only in connection with the Credit Agreement and the other Loan Documents and the transactions contemplated thereby) any Confidential Information; (b) the Borrowers acknowledge and agree that the Agents may provide such Confidential Information
to the Lenders (other than Investor Information), and that the Agents and each Lender may provide to any Affiliate thereof or Participant or Assignee or proposed Participant or Assignee and each of their respective officers, directors, employees,
advisors, auditors, counsel, rating agencies, commercial paper dealers, commercial paper conduit service providers and agents or any other Person as deemed necessary or appropriate in any Agent’s or Lender’s reasonable judgment;
provided that such party is advised of the confidential nature of such information, originals or copies of this Credit Agreement, all Loan Documents and all other documents, certificates, opinions, letters of credit, reports, and other
material information of every nature or description, and may communicate all oral information, at any time submitted by or on behalf of any Borrower Party or received by an Agent or a Lender in connection with the Principal Obligations, the
Commitments or any Borrower Party; provided that, prior to any such delivery or communication, the Agent, Affiliate of an Agent, Lender, Affiliate of a Lender, Participant, or Assignee, or proposed Participant or Assignee or such other
Person, as the case may be, shall agree to preserve the confidentiality of all data and information which constitutes Confidential Information; (c) the Borrowers and the Agents (i) acknowledge and agree that (x) the identities of the
Investors, any structural or financial information delivered by the Investors, the amounts of their respective Investor Capital Commitments and details regarding their investments under the Guarantor’s Governing Documents (collectively, the
“Investor Information”) have been and will be delivered on a confidential basis to the Administrative Agent and HSBC Bank USA, National Association, as lender, provided that, (a) the Administrative Agent and HSBC Bank
USA, 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 National Association, as lender, shall disclose such Investor Information within the
Administrative Agent, HSBC Bank USA, National Association and its counsel only to those persons responsible for the administration and enforcement of the Credit Facility, (b) the Administrative Agent and HSBC Bank USA, National Association, as
lender, shall preserve the confidentiality of the Investors and shall not disclose the identities of the Investors to any and all other persons including any other Lender (and each of their respective employees, representatives, or other agents),
(c) the Administrative Agent and HSBC Bank USA, National Association, as lender, shall use Investor Information only in the context of enforcing rights of the Administrative Agent and the Lenders under the Credit Facility and shall not use Investor
Information to solicit the Investors; provided that such restriction shall not prohibit any independent solicitation by HSBC Bank USA, National Association or its Affiliates without reliance on such Investor Information (it being acknowledged and
agreed that such Investor Information will not be shared with such Affiliate for any purpose (although it is understood that certain employees of HSBC Bank USA, National Association are also employees of HSBC Securities (USA) Inc., in which case the
limitation on sharing such information with an Affiliate shall not apply to those individual employees)) and (d) upon written request of the Borrowers, all Investor Information received by the Administrative Agent and HSBC Bank USA, National
Association, as lender, will be returned, destroyed or erased, as applicable, by the Administrative Agent and HSBC Bank USA, National Association, as lender, as soon as reasonably practicable, after the Maturity Date; and (y) information with
respect to Portfolio Investments has been and will be delivered on a confidential basis; (ii) acknowledge and agree that such Investor Information and information with respect to Portfolio Investments are Confidential Information; and
(iii) agree that such Investor Information and information with respect to Portfolio Investments shall be subject to the provisions of this Section 12.17; and (d) anything herein to the contrary notwithstanding, the provisions
of this Section 12.17 shall not preclude or restrict any such Person from disclosing any Confidential Information: (i) with the prior written consent of any Credit Party; (ii) upon the order of or pursuant to the rules and
regulations of any Governmental Authority having jurisdiction over such party; (iii) in connection with any audit by an independent public accountant of such party, provided that such auditor thereto agrees to keep such information
confidential; (iv) to examiners or auditors of any applicable Governmental Authority which examines such party’s books and records while conducting such examination or audit; (v) as otherwise specifically required by Applicable Laws
or by any subpoena or similar legal process; (vi) in connection with the exercise of any remedies hereunder or under any other Loan Document or any suit, action or proceeding relating to any Loan Document or the enforcement of rights
thereunder, (vii) to the extent such information (A) becomes publicly available other than as a result of a breach of this Section 12.17 or (B) becomes available to such Person on a
non-confidential basis from a source other than the Credit Parties or (viii) which relates to the tax treatment and tax structure of the transactions contemplated hereby, including, without limitation,
all materials of any kind (including opinions or other tax analyses) that are provided to such Person relating to such tax treatment and tax structure, to taxing authorities. 

The provisions of this Section 12.17 shall survive termination of this Credit Agreement, and shall remain operative and in full
force and effect regardless of the repayment of the Obligations for a period of one (1) year from the termination of this Credit Agreement. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 12.18 USA Patriot Act Notice. Each Lender and the Administrative Agent
(for itself and not on behalf of any Lender) hereby notifies each Credit Party 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 Credit Party, which information includes the name and address of each Credit Party and other information that will allow
such Lender or the Administrative Agent, as applicable, to identify each Credit Party in accordance with the Patriot Act. 

12.19 Multiple Counterparts. This Credit Agreement may be executed in any number of counterparts, all of which taken
together shall constitute one and the same agreement, and any of the parties hereto may execute this Credit Agreement by signing any such counterpart. Delivery of an executed counterpart hereof, or a signature page hereto, by facsimile or in a .pdf
or similar file shall be effective as delivery of a manually executed original counterpart thereof. 
 12.20 Joint and
Several Liability. Each Borrower acknowledges, represents and warrants the following: 
 (a) Inducement. The
Lenders have been induced to make the Loans to and the Letter of Credit Issuer has been induced to issue the Letters of Credit for the account of the Borrowers in part based upon the assurances by each Borrower that each Borrower desires that the
Notes be honored and enforced as separate obligations of each Borrower, should the Administrative Agent and the Lenders desire to do so. 

(b) Combined Liability. Notwithstanding the foregoing, the Loans, the Letters of Credit and the other Obligations
constitute the joint and several obligations of each and every Borrower, and the Administrative Agent and the Lenders may at their option enforce the entire amount of the Loans and the other Obligations against any one or more of the Borrowers. 

(c) Separate Exercise of Remedies. The Administrative Agent (on behalf of the Lenders) may exercise remedies against any
Borrower and its property separately, whether or not the Administrative Agent exercises remedies against any other Borrower or its property. The Administrative Agent may enforce any Borrower’s obligations without enforcing any other
Borrower’s obligations. Any failure or inability of the Administrative Agent to enforce any Borrower’s obligations shall not in any way limit the Administrative Agent’s right to enforce the obligations of any other Borrower. If the
Administrative Agent forecloses or exercises similar remedies under any one or more Collateral Documents, then such foreclosure or similar remedy shall be deemed to reduce the balance of the Loans only to the extent of the cash proceeds actually
realized by the Lenders from such foreclosure or similar remedy or, if applicable, the Administrative Agent’s credit bid at such sale, regardless of the effect of such foreclosure or similar remedy on the Loans secured by such Collateral
Documents under the applicable state law. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 12.21 Acknowledgement and Consent to
Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto
acknowledges that any liability of any Lender that is an Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution
Authority and agrees and consents to, and acknowledges and agrees to be bound by: 
 (a) the application of any
Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an Affected Financial Institution; and 

(b) the effects of any Bail-in Action on any such liability, including, if
applicable: 
 (i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected
Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any
such liability under this Credit Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such
liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority. 
 Section 13. GUARANTY

 13.1 Guaranty of Payment. The Guarantor hereby unconditionally and irrevocably guarantees to the Administrative Agent for each
Secured Party and their respective permitted successors and assigns the prompt payment of the Obligations of the Primary Borrower and each Qualified Borrower listed on Schedule I hereto (as amended, restated, modified or supplemented from
time to time) under this Credit Agreement and the other Loan Documents (collectively, the “Guaranty Obligations”) in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise) (such
guaranty by the Guarantor, the “Guaranty”). This Guaranty is a guaranty of payment and not of collection and is a continuing irrevocable guaranty and shall apply to all of the Guaranty Obligations of such Borrowers whenever
arising until such Obligations have been paid in full. Notwithstanding any provision to the contrary contained herein or in any of the other Loan Documents, to the extent the obligations of the Guarantor shall be adjudicated to be invalid or
unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of the Guarantor hereunder shall be limited to the maximum amount that
is permissible under Applicable Law (including, without limitation, Debtor Relief Laws). 

  
 146 

  

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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 13.2 Obligations Unconditional. The obligations of the Guarantor hereunder are
absolute and unconditional, irrespective of the value, genuineness, validity, regularity or enforceability of any of the Loan Documents or any other agreement or instrument referred to therein, to the fullest extent permitted by Applicable Law,
irrespective of any other circumstance whatsoever which might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor (other than to the extent that the Obligations have been paid and performed in full (other than any
contingent indemnification and expense reimbursement obligations for which no claim has been made)). The Guarantor agrees that this Guaranty may be enforced by any Secured Party without the necessity at any time of resorting to or exhausting any
other security or Collateral and without the necessity at any time of having recourse to the Notes or any other of the Loan Documents or any Collateral, if any, hereafter securing the Guaranty Obligations or otherwise and the Guarantor hereby waives
the right to require the Administrative Agent or the Lender to make demand on or proceed against any Borrower Party or any other Person (including a co-guarantor) or to require the Administrative Agent or the
Lender to pursue any other remedy or enforce any other right. The Guarantor further agrees that nothing contained herein shall prevent any Secured Party from suing on the Notes or any of the other Loan Documents or foreclosing its or their, as
applicable, security interest in or Lien on any Collateral, if any, securing the Guaranty Obligations or from exercising any other rights available to it or them, as applicable, under this Credit Agreement, the Notes, any other of the Loan
Documents, or any other instrument of security, if any, and the exercise of any of the aforesaid rights and the completion of any foreclosure proceedings shall not constitute a discharge of the Guarantor’s obligations hereunder unless the
Obligations shall be paid in full with the proceeds of such security or Collateral; it being the purpose and intent of the Guarantor that its obligations hereunder shall be absolute, independent and unconditional under any and all circumstances.
Neither the Guarantor’s obligations under this Guaranty nor any remedy for the enforcement thereof shall be impaired, modified, changed or released in any manner whatsoever by an impairment, modification, change, release, increase or limitation
of the liability of any Credit Party or by reason of the bankruptcy, insolvency or analogous procedure of any Credit Party. The Guarantor waives any and all notice of the creation, renewal, extension accrual or increase of any of the Guaranty
Obligations and notice of or proof of reliance by any Secured Party on this Guaranty or acceptance of this Guaranty. The Guaranty Obligations, and any part of them, shall conclusively be deemed to have been created, contracted or incurred, or
renewed, extended, amended or waived, in reliance upon this Guaranty. All dealings between the Credit Parties, on the one hand, and the Secured Parties, on the other hand, likewise shall be conclusively presumed to have been had or consummated in
reliance upon this Guaranty. 
 The Guarantor hereby agrees and acknowledges that its obligation hereunder shall not be released or
discharged by any of the following, whether or not the Administrative Agent shall have had notice or knowledge of any of them (other than payment in full of the Guaranty Obligations (except for contingent indemnification and expense reimbursement
obligations)): (A) any failure to assert or enforce or agreement not to assert or enforce, or the stay or enjoining, by order of court, by operation of law or otherwise, of the exercise or enforcement of, any claim or demand or any right, power or
remedy with respect to the Guaranty Obligations or any agreement relating thereto, or with respect to any guaranty of or other security for the payment of the Guaranty Obligations, (B) any waiver, amendment or modification of, or any consent to
departure from, any of the terms or provisions (including without limitation provisions relating 

  
 147 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 to Events of Default) of this Credit Agreement and any other Loan Document or any agreement or instrument
executed pursuant thereto, or of any guaranty or other security for the Guaranty Obligations, (C) to the fullest extent permitted by Applicable Law, any of the Guaranty Obligations, or any agreement relating thereto, at any time being found to
be illegal, invalid or unenforceable in any respect, (D) the application of payments received from any source to the payment of indebtedness other than the Guaranty Obligations, even though the Administrative Agent might have elected to apply
such payment to any part or all of the Guaranty Obligations, (E) any failure to perfect or continue perfection of a security interest in any of the Collateral (other than as a result of any action or inaction on the part of the Administrative
Agent or any lender that is within such Person’s reasonable control), (F) any defenses, set-offs or counterclaims which the Borrowers may allege or assert against the Administrative Agent in respect of
the Guaranty Obligations, including but not limited to failure of consideration, breach of warranty, payment, statute of frauds, statute of limitations, accord and satisfaction and usury (other than a defense of payment or performance in full of the
Obligations), and (G) any other act or thing or omission, or delay to do any other act or thing, which may or might in any manner or to any extent vary the risk of the Guarantor as obligors in respect of the Guaranty Obligations. 

13.3 Modifications. The Guarantor agrees that: (a) all or any part of the Collateral now or hereafter held for the Guaranty
Obligations, if any, may be exchanged, compromised or surrendered from time to time; (b) neither the Lender nor the Administrative Agent shall have any obligation to protect, perfect, secure or insure any such security interests, liens or
encumbrances now or hereafter held, if any, for the Guaranty Obligations (provided that any action or inaction on the part of any Secured Party that is within its reasonable control that adversely affects any such security interest, Lien or
encumbrance shall not constitute a Default or an Event of Default hereunder); (c) the time or place of payment of the Guaranty Obligations may be changed or extended, in whole or in part, to a time certain or otherwise, and may be renewed or
accelerated, in whole or in part; (d) the Qualified Borrowers, the Guarantor and any other party liable for payment under the Loan Documents may be granted indulgences generally; (e) any of the provisions of the Note or any of the other
Loan Documents, including, without limitation, this Credit Agreement may be modified, amended or waived; (f) any party (including any co-guarantor) liable for the payment thereof may be granted
indulgences or be released; and (g) any deposit balance for the credit of the Qualified Borrowers, the Guarantor or any other party liable for the payment of the Guaranty Obligations or liable upon any security therefor may be released, in
whole or in part, at, before or after the stated, extended or accelerated maturity of the Guaranty Obligations, all without notice to or further assent by the Guarantor, which shall remain bound thereon, notwithstanding any such exchange,
compromise, surrender, extension, renewal, acceleration, modification, indulgence or release(other than to the extent that the Obligations have been paid and performed in full (other than any contingent indemnification and expense reimbursement
obligations for which no claim has been made)). 
 13.4 Waiver of Rights. Until the Obligations have been paid in full (other than
contingent indemnification Obligations and expense reimbursement obligations for which no claim has been made), the Guarantor expressly waives to the fullest extent permitted by Applicable Law: (a) notice of acceptance of the Guaranty by the
Lender and of all extensions of credit to any Credit Party by the Lender; (b) presentment and demand for payment or performance of any of the Guaranty Obligations; (c) protest and notice of dishonor or of default (except as specifically
required in this Credit Agreement) with respect to the Guaranty 

  
 148 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Obligations or with respect to any security therefor; (d) notice of the Lender obtaining, amending,
substituting for, releasing, waiving or modifying any security interest, lien or encumbrance, if any, hereafter securing the Guaranty Obligations, or the Lender subordinating, compromising, discharging or releasing such security interests, liens or
encumbrances, if any; (e) all other notices, demands, presentments, protests or any agreement or instrument related to this Credit Agreement, any other Loan Document or the Guaranty Obligations to which the Guarantor might otherwise be
entitled; (f) any right to require the Administrative Agent as a condition of payment or performance by the Guarantor, to (A) proceed against the applicable Borrowers, any guarantor of the Guaranty Obligations or any other Person,
(B) proceed against or exhaust any other security held from the applicable Borrowers, any guarantor of the Guaranty Obligations or any other Person, (C) proceed against or have resort to any balance of any deposit account, securities
account or credit on the books of the Administrative Agent or any other Person, or (D) pursue any other remedy in the power of the Administrative Agent whatsoever; (g) any defense arising by reason of the incapacity, lack of authority or
any disability or other defense of the applicable Borrower including, without limitation, any defense based on or arising out of the lack of validity or the unenforceability of the Guaranty Obligations or any agreement or instrument relating thereto
or by reason of the cessation of the liability of the applicable Borrower from any cause other than payment in full of the Guaranty Obligations; (h) any defense based upon 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 that of the principal; (i) any defense based upon the Administrative Agent’s errors or omissions in the administration of the Guaranty Obligations (other
than any action or inaction that constitutes gross negligence or willful misconduct or a material breach of the Administrative Agent’s obligations under this Credit Agreement); (j) (A) any principles or provisions of law, statutory or
otherwise, which are or might be in conflict with the terms of this Credit Agreement and any legal or equitable discharge of the Guarantor’s obligations hereunder, (B) the benefit of any statute of limitations affecting the
Guarantor’s liability hereunder or the enforcement hereof, (C) any rights to set-offs, recoupments and counterclaims, and (D) promptness, diligence and any requirement that the Administrative
Agent protect, secure, perfect or insure any other security interest or Lien or any property subject thereto; and (k) to the fullest extent permitted by Applicable Law, any defenses or benefits that may be derived from or afforded by Applicable
Law which limit the liability of or exonerate guarantors or sureties, or which may conflict with the terms of this Credit Agreement (other than a defense of payment and performance in full of the Obligations (other than any contingent
indemnification and expense reimbursement obligations for which no claim has been made)). 
 13.5 Reinstatement. Notwithstanding
anything contained in this Credit Agreement or the other Loan Documents, the obligations of the Guarantor under this Section 13 shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of the
applicable Borrower in respect of the Guaranty Obligations is rescinded or must be otherwise restored by any Secured Party, whether as a result of any proceedings in bankruptcy, reorganization, any analogous procedure or otherwise, and the Guarantor
agrees that it will indemnify each Secured Party on demand for all reasonable and documented out-of-pocket costs and expenses (including, without limitation, the
attorneys’ reasonable and documented fees of such Person’s one designated law firm and, to the extent applicable, one law firm in each relevant foreign jurisdiction) incurred by such Person in connection with such rescission or
restoration, including any such costs and expenses incurred in defending against any claim alleging that such payment constituted a preference, fraudulent transfer or similar payment under any bankruptcy, insolvency or similar law. 

  
 149 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 13.6 Remedies. The Guarantor agrees that, as between the Guarantor, on the one hand,
and the Secured Parties, on the other hand, the Guaranty Obligations may be declared to be forthwith due and payable (and shall be deemed to have become automatically due and payable) notwithstanding any stay, injunction or other prohibition
preventing such declaration (or preventing such Obligation from becoming automatically due and payable) as against any other Person and that, in the event of such declaration (or such Obligation being deemed to have become automatically due and
payable), such Obligation (whether or not due and payable by any other Person) shall forthwith become due and payable by the Guarantor. The Guarantor acknowledges and agrees that its obligations hereunder are secured in accordance with the terms of
the Collateral Documents and that the Secured Parties may exercise their remedies thereunder in accordance with the terms thereof. 
 13.7
Subrogation. The Guarantor agrees that, until the indefeasible payment of the Guaranty Obligations in full in cash (other than any contingent indemnification and expense reimbursement obligations for which no claim has been made), it will not
exercise any right of reimbursement, subrogation, indemnification, contribution, offset, remedy (direct or indirect) or other claims against any other Credit Party arising by contract or operation of law or equity in connection with any payment made
or required to be made by the Guarantor under this Credit Agreement or the other Loan Documents now or hereafter. The Guarantor further agrees that, to the extent the waiver of its rights of subrogation, reimbursement, indemnification and
contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement or indemnification the Guarantor may have against any other Credit Party or against any
Collateral or other collateral or security, and any rights of contribution the Guarantor may have against any other Credit Party, shall be junior and subordinate to any rights the Administrative Agent may have against such Credit Party and to all
right, title and interest the Administrative Agent may have in any such other collateral until payment of the Obligations in full (other than any contingent indemnification and expense reimbursement obligations for which no claim has been made).

 13.8 Inducement. The Lenders have been induced to make the Loans to the Borrowers in part based upon the assurances by the
Guarantor that the Guarantor desires that the Guaranty Obligations of the Guarantor under the Loan Documents be honored and enforced as separate obligations of the Guarantor, should Administrative Agent and the Lenders desire to do so. 

13.9 Several Liability. The Guarantor shall be liable (as specified in Section 13.1) to the Lender and the Administrative
Agent for all obligations of the Guarantor under this Guaranty and the other Loan Documents. 
 13.10 Borrower Information. The
Guarantor confirms and agrees that the Administrative Agent shall have no obligation to disclose or discuss with the Guarantor its assessment of the financial condition of the Borrowers. The Guarantor has adequate means to obtain information from
the Borrowers on a continuing basis concerning the financial condition of the Borrowers and its ability to perform its obligations under the Credit Agreement and any 

  
 150 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 other Loan Document, and the Guarantor assumes the responsibility for being and keeping informed of the
financial condition of the Borrowers and of all circumstances bearing upon the risk of nonpayment of the Guaranty Obligations. The Guarantor hereby waives and relinquishes any duty on the part of the Administrative Agent to disclose any matter, fact
or thing relating to the business, operations or condition of the Borrowers now known or hereafter known by the Administrative Agent. The Guarantor hereby waives any right to have the Collateral or other collateral or security securing the Guaranty
Obligations marshaled. 
 13.11 Instrument for the Payment of Money. The Guarantor hereby acknowledges that the guarantee in this
Section 13 constitutes an instrument for the payment of money, and consents and agrees that the Lender or the Administrative Agent, at its sole option, in the event of a dispute by the Guarantor in the payment of any moneys due
hereunder, shall have the right to bring motions and/or actions under New York CPLR Section 3213. 
 REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK 
 SIGNATURE PAGES FOLLOW. 

  
 151 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

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

			
	 BORROWER:

	
	GOLDMAN SACHS RENEWABLE POWER OPERATING COMPANY LLC, a Delaware limited liability company
	
	By: GOLDMAN SACHS RENEWABLE POWER LLC, its managing member
		
	 By:
	 	 
		 	 Name:

		 	 Title: Director

  
 S- 1 

Revolving Credit Agreement 
  

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 GUARANTOR:

	
	GOLDMAN SACHS RENEWABLE POWER LLC, a Delaware limited liability company
		
	 By:
	 	 
		 	 Name:

		 	 Title: Director

  
 S- 2 

Revolving Credit Agreement 
  

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as Administrative Agent

		
	 By:
	 	 
		 	 Name:

		 	 Title:

  
 S- 3 

Revolving Credit Agreement 
  

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as a Lender

		
	 By:
	 	 
		 	 Name:

		 	 Title:

  
 S- 4 

Revolving Credit Agreement 
  

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as a Letter of Credit Issuer

		
	 By:
	 	 
		 	 Name:

		 	 Title:

  
 S- 5 

Revolving Credit Agreement 
  

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 PNC BANK, NATIONAL ASSOCIATION,

as a Lender

		
	 By:
	 	 
		 	 Name:

		 	 Title:

  
 S- 6 

Revolving Credit Agreement 
  

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 BANKUNITED,N.A.,

as a Lender

		
	 By:
	 	 
		 	 Name:

		 	 Title:

  
 S- 7 

Revolving Credit Agreement 
  

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 MUFG UNION BANK,N.A.,

as a Lender

		
	 By:
	 	 
		 	 Name:

		 	 Title:

  
 S- 8 

Revolving Credit Agreement 
  

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 SOCIÉTÉ GÉNÉRALE,

as a Lender

		
	 By:
	 	 
		 	 Name:

		 	 Title:

  
 S- 9 

Revolving Credit AgreementEX-10.8

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Exhibit 10.8 

Execution Version 
  

 
  

CREDIT AGREEMENT 
 Dated as of
February 23, 2021 
 among 

GSRP WAREHOUSE I LLC, 
 as the
Borrower, 
 MUFG BANK, LTD, 
 as
Administrative Agent, 
 MUFG UNION BANK, N.A., 

as Collateral Agent and Depositary Bank, 

MUFG BANK, LTD. 
 HSBC BANK USA,
N.A. 
 NATIXIS, NEW YORK BRANCH and 

CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH 

as Issuing Banks 
 and 

The Other Lenders Party Hereto 

MUFG BANK, LTD. and 
 HSBC BANK
USA, N.A., 
 as Coordinating Lead Arrangers and Bookrunners 

NATIXIS, NEW YORK BRANCH and 

CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, 

as Joint Lead Arrangers and Bookrunners 
  

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

							
	 	  	 TABLE OF CONTENTS
  
	  	 	 
	 Section
	  	 	  	Page	 
	 	  	ARTICLE I	  	 	 
	 	  	DEFINITIONS AND ACCOUNTING TERMS	  	 	 
	1.01	  	 Defined Terms
	  	 	1	 
	1.02	  	 Other Interpretive Provisions
	  	 	48	 
	1.03	  	 Accounting Terms
	  	 	49	 
	1.04	  	 Rounding
	  	 	50	 
	1.05	  	 Times of Day; Rates
	  	 	50	 
	1.06	  	 Letter of Credit Amounts
	  	 	50	 
	1.07	  	 [Reserved]
	  	 	50	 
	1.08	  	 Certain Transactions
	  	 	50	 
			
	 	  	ARTICLE II	  	 	 
	 	  	COMMITMENTS AND CREDIT EXTENSIONS	  	 	 
			
	2.01	  	 The Revolving Loans
	  	 	51	 
	2.02	  	 Borrowings, Conversions and Continuations of Revolving Loans
	  	 	52	 
	2.03	  	 Letters of Credit
	  	 	53	 
	2.04	  	 Prepayments
	  	 	64	 
	2.05	  	 Termination or Reduction of Commitments
	  	 	69	 
	2.06	  	 Repayment of Revolving Loans
	  	 	70	 
	2.07	  	 Interest
	  	 	70	 
	2.08	  	 Fees
	  	 	70	 
	2.09	  	 Computation of Interest and Fees
	  	 	71	 
	2.10	  	 Evidence of Debt
	  	 	71	 
	2.11	  	 Payments Generally; Administrative Agent’s Clawback
	  	 	72	 
	2.12	  	 Sharing of Payments by Lenders
	  	 	74	 
	2.13	  	 Increase in Commitments; Borrower Request
	  	 	75	 
	2.14	  	 Cash Collateral
	  	 	76	 
	2.15	  	 Defaulting Lenders
	  	 	77	 
			
	 	  	ARTICLE III	  	 	 
	 	  	TAXES, YIELD PROTECTION AND ILLEGALITY	  	 	 
			
	3.01	  	 Taxes
	  	 	80	 
	3.02	  	 Illegality
	  	 	84	 
	3.03	  	 Benchmark Replacement Setting
	  	 	85	 
	3.04	  	 Increased Costs
	  	 	87	 
	3.05	  	 Compensation for Losses
	  	 	88	 
	3.06	  	 Mitigation Obligations; Replacement of Lenders
	  	 	89	 
	3.07	  	 Survival
	  	 	89	 

  
 i 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

							
	 	  	ARTICLE IV	  	 	 
	 	  	CONDITIONS PRECEDENT	  	 	 
			
	4.01	  	 Conditions Precedent to the Closing Date
	  	 	90	 
	4.02	  	 Conditions Precedent to each Initial Project Funding Date
	  	 	92	 
	4.03	  	 Conditions Precedent to each Subsequent Project Funding Date
	  	 	98	 
	4.04	  	 Conditions Precedent to the Issuance of Letters of Credit
	  	 	100	 
			
	 	  	ARTICLE V	  	 	 
	 	  	REPRESENTATIONS AND WARRANTIES	  	 	 
			
	5.01	  	 Existence, Qualification and Power
	  	 	101	 
	5.02	  	 Authorization; No Contravention
	  	 	101	 
	5.03	  	 Permits; Other Consents
	  	 	102	 
	5.04	  	 Binding Effect
	  	 	102	 
	5.05	  	 Financial Statements; No Material Adverse Effect
	  	 	103	 
	5.06	  	 Litigation
	  	 	103	 
	5.07	  	 No Default
	  	 	104	 
	5.08	  	 Ownership of Property
	  	 	104	 
	5.09	  	 Insurance
	  	 	104	 
	5.10	  	 Taxes
	  	 	104	 
	5.11	  	 ERISA Compliance
	  	 	105	 
	5.12	  	 Equity Interests
	  	 	106	 
	5.13	  	 Margin Regulations; Investment Company Act
	  	 	106	 
	5.14	  	 Disclosure
	  	 	106	 
	5.15	  	 Compliance with Laws
	  	 	107	 
	5.16	  	 Solvency
	  	 	107	 
	5.17	  	 Foreign Asset Control Regulations, Etc.
	  	 	107	 
	5.18	  	 Reserved
	  	 	108	 
	5.19	  	 Energy Regulatory Status
	  	 	108	 
	5.20	  	 Material Transaction Documents
	  	 	109	 
	5.21	  	 Certain Fees
	  	 	110	 
	5.22	  	 No Other Indebtedness; Liens
	  	 	110	 
	5.23	  	 Nature of Business
	  	 	110	 
	5.24	  	 No Employees
	  	 	110	 
	5.25	  	 No Accounts
	  	 	110	 
	5.26	  	 Perfection and Priority of Liens
	  	 	110	 
	5.27	  	 Licenses, Permits, Etc.
	  	 	110	 
	5.28	  	 Environmental Matters
	  	 	111	 

  
 ii 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

							
			
	 	  	ARTICLE VI	  	 	 
	 	  	AFFIRMATIVE COVENANTS	  	 	 
			
	6.01	  	 Financial Statements; Updated Base Case Model
	  	 	112	 
	6.02	  	 Certificates; Other Information
	  	 	113	 
	6.03	  	 Notices
	  	 	114	 
	6.04	  	 Payment of Obligations
	  	 	115	 
	6.05	  	 Preservation of Existence, Etc.
	  	 	116	 
	6.06	  	 Maintenance of Properties
	  	 	116	 
	6.07	  	 Maintenance of Insurance
	  	 	116	 
	6.08	  	 Compliance with Laws
	  	 	116	 
	6.09	  	 Books and Records
	  	 	117	 
	6.10	  	 Inspection Rights
	  	 	117	 
	6.11	  	 Further Assurances
	  	 	117	 
	6.12	  	 Information Regarding Collateral
	  	 	117	 
	6.13	  	 Accounts
	  	 	118	 
	6.14	  	 Separateness
	  	 	118	 
	6.15	  	 Construction and Operation
	  	 	119	 
	6.16	  	 Energy Regulatory Compliance
	  	 	119	 
	6.17	  	 Use of Proceeds
	  	 	119	 
	6.18	  	 Operating Budget
	  	 	120	 
	6.19	  	 Necessary Permits
	  	 	120	 
	6.20	  	 Bulk Power Order
	  	 	120	 
	6.21	  	 Subsidiary Distributions
	  	 	120	 
	6.22	  	 Performance of Obligations
	  	 	120	 
	6.23	  	 Employee Benefits Matters
	  	 	120	 
	6.24	  	 Sponsor Matters
	  	 	121	 
			
	 	  	ARTICLE VII	  	 	 
	 	  	NEGATIVE COVENANTS	  	 	 
			
	7.01	  	 Liens
	  	 	122	 
	7.02	  	 Indebtedness
	  	 	125	 
	7.03	  	 Investments
	  	 	127	 
	7.04	  	 Fundamental Changes
	  	 	128	 
	7.05	  	 Dispositions
	  	 	128	 
	7.06	  	 Restricted Payments
	  	 	130	 
	7.07	  	 Change in Nature of Business
	  	 	130	 
	7.08	  	 Transactions with Affiliates
	  	 	130	 
	7.09	  	 Burdensome Agreements
	  	 	131	 
	7.10	  	 Use of Proceeds
	  	 	131	 
	7.11	  	 [Reserved]
	  	 	132	 
	7.12	  	 Accounting Changes
	  	 	132	 
	7.13	  	 Prepayments, Etc. of Indebtedness
	  	 	132	 
	7.14	  	 [Reserved]
	  	 	132	 
	7.15	  	 [Reserved]
	  	 	132	 
	7.16	  	 Amendments; Change Orders
	  	 	132	 
	7.17	  	 Tax Matters
	  	 	133	 
	7.18	  	 Sanctions; Anti-Money Laundering; Anti-Corruption
	  	 	133	 
	7.19	  	 Accounts
	  	 	133	 

  
 iii 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

							
	7.20	  	 Subsidiaries
	  	 	134	 
	7.21	  	 Margin Stock
	  	 	134	 
	7.22	  	 Capital Expenditures
	  	 	134	 
	7.23	  	 Additional Project Documents
	  	 	134	 
	7.24	  	 Speculative Transactions
	  	 	134	 
			
	 	  	ARTICLE VIII	  	 	 
	 	  	EVENTS OF DEFAULT AND REMEDIES	  	 	 
			
	8.01	  	 Events of Default
	  	 	135	 
	8.02	  	 Remedies upon Event of Default
	  	 	140	 
	8.03	  	 Application of Funds
	  	 	140	 
	8.04	  	 Project Cure
	  	 	141	 
			
	 	  	ARTICLE IX	  	 	 
	 	  	THE AGENTS	  	 	 
			
	9.01	  	 Appointment and Authority
	  	 	142	 
	9.02	  	 Rights as a Lender
	  	 	142	 
	9.03	  	 Exculpatory Provisions
	  	 	143	 
	9.04	  	 Reliance by Agents
	  	 	144	 
	9.05	  	 Delegation of Duties
	  	 	144	 
	9.06	  	 Resignation and Removal of Administrative Agent and Collateral Agent
	  	 	145	 
	9.07	  	 Non-Reliance on Agents and Other Lenders
	  	 	147	 
	9.08	  	 No Other Duties, Etc.
	  	 	147	 
	9.09	  	 Administrative Agent May File Proofs of Claim; Credit Bidding
	  	 	147	 
	9.10	  	 Collateral Matters
	  	 	149	 
	9.11	  	 Interest Rate Hedge Agreements
	  	 	149	 
	9.12	  	 Notices
	  	 	150	 
			
	 	  	ARTICLE X	  	 	 
	 	  	MISCELLANEOUS	  	 	 
			
	10.01	  	 Amendments, Etc.
	  	 	150	 
	10.02	  	 Expedited Project-Specific Waiver Process
	  	 	152	 
	10.03	  	 Notices; Effectiveness
	  	 	152	 
	10.04	  	 No Waiver; Cumulative Remedies; Enforcement
	  	 	154	 
	10.05	  	 Expenses; Indemnity; Damage Waiver
	  	 	155	 
	10.06	  	 Payments Set Aside
	  	 	157	 
	10.07	  	 Successors and Assigns
	  	 	157	 
	10.08	  	 Treatment of Certain Information; Confidentiality
	  	 	162	 
	10.09	  	 Right of Setoff
	  	 	163	 
	10.10	  	 Interest Rate Limitation
	  	 	163	 
	10.11	  	 Counterparts; Integration; Effectiveness
	  	 	164	 
	10.12	  	 Survival of Representations and Warranties
	  	 	164	 
	10.13	  	 Severability
	  	 	164	 

  
 iv 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

							
	10.14	  	 Replacement of Lenders
	  	 	164	 
	10.15	  	 Governing Law; Jurisdiction; Etc.
	  	 	165	 
	10.16	  	 WAIVER OF JURY TRIAL
	  	 	166	 
	10.17	  	 No Advisory or Fiduciary Responsibility
	  	 	167	 
	10.18	  	 Electronic Execution of Assignments and Certain Other Documents
	  	 	167	 
	10.19	  	 USA PATRIOT Act
	  	 	167	 
	10.20	  	 Time of the Essence
	  	 	168	 
	10.21	  	 Acknowledgement and Consent to Bail-In of Affected
Financial Institutions
	  	 	168	 
	10.22	  	 Acknowledgement Regarding Any Supported QFCs
	  	 	168	 
	10.23	  	 Interest Rate Hedge Agreements
	  	 	169	 

  
 v 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

					
	 SCHEDULES
	 	
			
		 	 Schedule 1.01(A)
	 	Disqualified Lenders
		 	 Schedule 1.01(B)
	 	Pre-Approved Counterparties
		 	 Schedule 1.01(C)
	 	Concentration Limits
		 	 Schedule 1.01(D)
	 	[Reserved]
		 	 Schedule 1.01(E)
	 	Eligibility Representations and Warranties
		 	 Schedule 1.01(F)
	 	Debt Sizing Criteria and Imputed Amortization
		 	 Schedule 1.01(G)
	 	Existing Indebtedness, Liens and Investments
		 	 Schedule 2.01
	 	Revolving Credit Commitments and Applicable Percentages
		 	 Schedule 2.03
	 	Existing Letters of Credit
		 	 Schedule 5.12
	 	Subsidiaries; Other Equity Investments
		 	 Schedule 5.19
	 	Energy Regulatory Status
		 	 Schedule 11.02
	 	Certain Addresses for Notices
		
	 EXHIBITS
	 	
		
	 Form of
	 	
			
		 	 Exhibit A
	 	Notice of Borrowing
		 	 Exhibit B-1
	 	Project Funding Certificate
		 	 Exhibit B-2
	 	Borrower Certificate
		 	 Exhibit C
	 	Revolving Credit Note
		 	 Exhibit D
	 	Compliance Certificate
		 	 Exhibit E-1
	 	Assignment and Assumption
		 	 Exhibit E-2
	 	Lending Offices
		 	 Exhibit F-1
	 	United States Tax Compliance Certificate
		 	 Exhibit F-2
	 	United States Tax Compliance Certificate
		 	 Exhibit F-3
	 	United States Tax Compliance Certificate
		 	 Exhibit F-4
	 	United States Tax Compliance Certificate
		 	 Exhibit G
	 	Solvency Certificate
		 	 Exhibit H
	 	Borrower’s Closing Date Certificate
		 	 Exhibit I-1 
	 	Insurance Consultant’s Certificate (Closing Date)
		 	 Exhibit I-2
	 	Insurance Consultant’s Checklist
		 	 Exhibit I-3
	 	Insurance Consultant’s Certificate (Initial Project Funding Date)
		 	 Exhibit J-1
	 	Independent Engineer’s Certificate
		 	 Exhibit J-2
	 	Independent Engineer’s Checklist
		 	 Exhibit K
	 	Letter of Credit Notice
		 	 Exhibit L
	 	Base Case Model
		 	 Exhibit M
	 	Certificate of Borrower (L/C Credit Extension)
		 	 Exhibit N
	 	Operating Budget
		 	 Exhibit O
	 	Construction Budget
		 	 Exhibit P
	 	Project Schedule

  
 vi 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

					
		 	 Exhibit Q-1
	 	 Project Construction Report

		 	 Exhibit Q-2
	 	 Project Operating Report

		 	 Exhibit R
	 	 Reserved

		 	 Exhibit S
	 	 Sponsor Equity Commitment

		 	 Exhibit T
	 	 Contribution Agreement

		 	 Exhibit U
	 	 Reserve Letter of Credit

		 	 Exhibit V
	 	 Independent Engineer Compliance Certificate

		 	 Exhibit W
	 	 American Kings Consent

		 	 Exhibit X
	 	 American Kings Novation, Guaranty and Bond

  
 vii 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 CREDIT AGREEMENT 

This CREDIT AGREEMENT (“Agreement”) is entered into as of February 23, 2021, among GSRP WAREHOUSE I LLC, a Delaware
limited liability company (the “Borrower”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), MUFG BANK, LTD., HSBC BANK USA, N.A., NATIXIS, NEW
YORK BRANCH and CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as issuing banks (in such capacities, collectively the “Issuing Banks” and each an “Issuing Bank”), MUFG BANK, LTD., as administrative agent (in
such capacity, the “Administrative Agent”), MUFG UNION BANK N.A., as collateral agent (in such capacity, the “Collateral Agent”) and depositary agent (in such capacity, the “Depositary Bank”), with
MUFG BANK, LTD. and HSBC BANK USA, N.A., as Coordinating Lead Arrangers and Joint Bookrunners and NATIXIS, NEW YORK BRANCH and CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as Joint Lead Arrangers and Joint Bookrunners. 

RECITALS: 
 WHEREAS, in
furtherance of supporting the acquisition, development, construction and operation of the Projects (as defined below), the Borrower has requested that the Lenders provide a revolving credit facility in an initial aggregate principal amount not to
exceed $500,000,000, and each Lender has indicated its willingness to lend and the Issuing Banks have indicated their willingness to issue letters of credit, in each case, on the terms and subject to the 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: 

“ABR” means, for any day, a rate per annum equal to the highest of (i) the “U.S. Prime Lending Rate” as
published in the Wall Street Journal and in effect on such day as determined by the Administrative Agent, (ii) the Federal Funds Effective Rate for such day plus 0.50% and (iii) the Published LIBOR for a
one-month Interest Period in effect on such date plus 1.00% per annum; provided that in no event shall ABR be less than 1.00%. Any change in the ABR due to a change in the Prime Rate, the LIBO Rate or
the Federal Funds Effective Rate shall be effective from and including the effective date of such change in the Prime Rate, the Published LIBOR or the Federal Funds Effective Rate, as the case may be. 

“ABR Loan” means a Revolving Loan that bears interest based on the ABR. 

  
 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Acceptable Bank” means (a) MUFG Bank, Ltd., (b) HSBC Bank USA, N.A.,
(c) Natixis, New York Branch, (d) Canadian Imperial Bank of Commerce, New York Branch or (e) any bank or other financial institution established under the laws of the United States, any State thereof or any other country that is a member
of the Organization for Economic Cooperation and Development which has a long-term unsecured non-credit enhanced senior debt rating of A3 or better by Moody’s, A-
or better by S&P or A- or better by Fitch. 
  

“Acceptable Letter of Credit” has the meaning given such term in the Depositary Agreement. 

“Account” has the meaning given such term in the Depositary Agreement. 

“Acquisition Documents” means, with respect to a Project, any contract entered into by Borrower or a Subsidiary of Borrower
for the purpose of the purchase, sale or acquisition, directly or indirectly, of a Project, including any Contribution Agreement, purchase and sale agreement, membership interest purchase agreement, and any related guarantees or other credit support
in connection with any of the foregoing, along with all amendments and supplements thereto. 
 “Adjusted LIBOR” means, with
respect to an Interest Period for any Adjusted LIBOR Loan, the rate per annum obtained by dividing (and rounding upward to the next whole multiple of 1/100) of 1% of (a) Published LIBOR by (b) an amount equal to (i) one minus
(ii) the Applicable Reserve Requirement; provided, however, that at no time shall “Adjusted LIBOR” be deemed to be less than 0.00% per annum. 

“Adjusted LIBOR Loan” means a Revolving Loan that bears interest at a rate based on Adjusted LIBOR. 

“Administrative Agent” means MUFG Bank, Ltd. in its capacity as administrative agent under any of the Financing Documents, or
any successor administrative agent. 
 “Administrative Agent’s Office” means the Administrative Agent’s address
as set forth on Schedule 11.02, or such other address as the Administrative Agent may from time to time notify to the Borrower and the Lenders. 

“Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. 

“Affiliate” means, with respect to any Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Agency Fee Letter”
means that certain schedule of fees provided by the Collateral Agent and the Depositary Bank to Borrower and approved by the Borrower, dated as of December 24, 2020. 

“Agents” means the Administrative Agent, the Collateral Agent and the Depositary Bank, and “Agent” means any of the
Agents, as applicable. 

  
 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Aggregate Commitments” means the Revolving Credit Commitments of all the
Lenders. 
 “Agreement” has the meaning specified in the preamble hereto. 

“Allocated Minimum Equity Contribution” means, as of any Initial Project Funding Date and any Subsequent Project Funding
Date, the minimum aggregate amount of Equity Contributions required to be contributed by or on behalf of the equity owners of the Borrower (but, for the avoidance of doubt, not including contributions by the Borrower) in order to be in compliance
with the Debt Sizing Criteria and the Maximum Project Funding Ratio (determined after giving effect to all Loans to be funded on such date). 

“Anti-Corruption Laws” means any law or regulation regarding bribery or any other corrupt activity, including the U.S.
Foreign Corrupt Practices Act. 
 “Anti-Money Laundering Laws” means any law or regulation in a U.S. jurisdiction or any non-U.S. jurisdiction to which the Borrower is subject regarding money laundering, drug trafficking, terrorist-related activities or other money laundering predicate crimes, including the Currency and Foreign
Transactions Reporting Act of 1970 (otherwise known as the Bank Secrecy Act) and the USA PATRIOT Act. 
 “Applicable Equator
Principles” means the principles so entitled and described in “Equator Principles – A financial industry benchmark for determining, assessing and managing social and environmental risk in projects” and available at: https://equator-principles.com/wp-content/uploads/2020/05/The-Equator-Principles-July-2020-v2.pdf, as adopted in such form by certain
financial institutions and as applicable to borrowers with respect to projects of the applicable category of the Projects. 

“Applicable Fee Rate” means, at any time, 0.50% per annum. 

“Applicable Margin” means (a) in respect of ABR Loans, 0.75% per annum prior to the fourth anniversary of the Closing
Date and 1.00% on such fourth anniversary and thereafter and (b) in respect of Adjusted LIBOR Loans, 1.75% per annum prior to the fourth anniversary of the Closing Date and 2.00% on such fourth anniversary and thereafter. 

“Applicable Percentage” means with respect to any Revolving Credit Lender at any time, the percentage (carried out to the
ninth decimal place) of the Revolving Credit Facility represented by such Revolving Credit Lender’s Revolving Credit Commitment at such time, subject to adjustment as provided in Section 2.15. If the commitment of each Lender to
make Loans and the obligation of each Issuing Bank to make L/C Credit Extensions have been terminated pursuant to Section 8.02, or if the Revolving Credit Commitments 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. 

  
 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Applicable Permit” means, at any given time with respect to any Project,
any material Permit to be obtained by or on behalf of the applicable Project Company, including any such Permit relating to zoning, environmental or natural resource protection, archaeological and cultural resources, wetlands, pollution, sanitation,
the Federal Aviation Administration, FERC, PURPA, PUHCA, applicable regional transmission organization or independent system operator, applicable state or local laws or regulations, safety, siting or building, importation of technology, equipment
and materials, that is material and necessary at such time to the development, construction or operation of such Project to construct, test, operate, maintain, repair, own or use the Project as contemplated by the Project Documents, to enter into
any Project Document or to consummate any transaction contemplated thereby. 
 “Applicable Reserve Requirement” means, at
any time, for any Adjusted LIBOR Loan, the maximum rate, expressed as a decimal, at which reserves (including any basic marginal, special, supplemental, emergency or other reserves) are required to be maintained with respect thereto against
“Eurocurrency liabilities” (as such term is defined in Regulation D) under regulations issued from time to time by the Board of Governors or other applicable banking regulator. Without limiting the effect of the foregoing,
the Applicable Reserve Requirement shall reflect any other reserves required to be maintained by such member banks with respect to (a) any category of liabilities which includes deposits by reference to which the applicable Adjusted LIBOR Loan
or any other interest rate of a Loan is to be determined, or (b) any category of extensions of credit or other assets which include Adjusted LIBOR Loan. Adjusted LIBOR Loan shall be deemed to constitute Eurocurrency liabilities and as such
shall be deemed subject to reserve requirements without benefits of credit for proration, exceptions or offsets that may be available from time to time to the applicable Lender. The rate of interest on Adjusted LIBOR Loan shall be adjusted
automatically on and as of the effective date of any change in the Applicable Reserve Requirement. 
 “Applicable Revolving Credit
Percentage” means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage at such time. 

“Appropriate Lender” means, at any time, (a) with respect to the Revolving Credit Facility, a Lender that has a
Revolving Credit Commitment or holds a Revolving Loan at such time and (b) with respect to the Letter of Credit Sublimit, (i) the Issuing Banks and (ii) if any Letters of Credit have been issued pursuant to
Section 2.03(a), the Revolving Credit Lenders. 
 “Approved Fund” means any Fund that is administered or
managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Arrangers” means MUFG Bank, Ltd. and HSBC Bank USA, N.A., each in its capacity as coordinating lead arranger and bookrunner,
and Natixis, New York Branch, and Canadian Imperial Bank of Commerce, New York Branch, each in its capacity as joint lead arranger and bookrunner. 

“Asset Register” means an asset register substantially in the form of Annex 2 to Exhibit
B-2 hereto. 

  
 4 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “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 10.07(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit
E-1 or any other form (including electronic documentation generated by use of an electronic platform) approved by the Administrative Agent. 

“Attributable Indebtedness” means, 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, (b) in respect of any Synthetic Lease Obligation, the capitalized amount of the remaining lease or similar payments under the
relevant lease or other applicable agreement or instrument that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease or other agreement or instrument were accounted for as a Capitalized Lease
and (c) all Synthetic Debt of such Person. 
 “Audited Financial Statements” means the audited consolidated balance
sheet of the Borrower and its Subsidiaries delivered pursuant to Section 6.01(a), and the related consolidated statements of income or operations, members’ equity and cash flows for such fiscal year of the Borrower and its
Subsidiaries, including the notes thereto. 
 “Authorized Representative” means with respect to the Borrower or Holdings,
any Person designated as an “Authorized Representative” in the resolutions of such Person delivered under Section 4.01(a), or as otherwise notified in writing to the Administrative Agent from time to time and designated as an
“Authorized Representative” by such Person. 
 “Availability Period” means (a) in respect of any Revolving
Credit Borrowings, the period from and including the Closing Date to the earliest of (i) the Maturity Date for the Revolving Credit Facility, (ii) the date of termination of the Revolving Credit Commitments pursuant to
Section 2.05, and (iii) the date of termination of the commitments of the Revolving Credit Lenders to make Revolving Loans and of the obligation of each Issuing Bank to make L/C Credit Extensions pursuant to Section 8.02
and (b) in respect of any issuances of Letters of Credit, the period from and including the Closing Date to the date that is five (5) Business Days prior to the Maturity Date. 

“Available Tenor” means, as of any date of determination and with respect to the then-current Benchmark, as applicable,
(x) if the then-current Benchmark is a term rate, any tenor for such Benchmark or (y) otherwise, any payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining the length
of an Interest Period pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to
Section 3.03(d). 
 “Bail-In Action” means the exercise of any
Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 

  
 5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Bail-In Legislation” means
(a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation, rule or requirement for such EEA Member Country
from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any
other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other
insolvency proceedings). 
 “Bankruptcy Code” means Title 11 of the United States Code. 

“Base Case Model” means a model, as updated from time to time as provided hereunder, in each case in form and substance
satisfactory to the Required Lenders, in consultation with the Borrower, substantially in the form of Exhibit L and, among other things, forecasting the Net Cash Flows to the Borrower, in each case adjusted to exclude Excluded Revenues. 

“Benchmark” means, initially, USD LIBOR; provided that if a Benchmark Transition Event, a Term SOFR Transition Event
or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to USD LIBOR or the then-current Benchmark, then “Benchmark” means the applicable
Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 3.03(a). 

“Benchmark Replacement” means, for any Available Tenor,  

(a) with respect to any Benchmark Transition Event or Early Opt-in Election, the first alternative set
forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date: 
  

	 	(1)	 the sum of: (A) Term SOFR and (B) the related Benchmark Replacement Adjustment;

  

	 	(2)	 the sum of: (A) Daily Simple SOFR and (B) the related Benchmark Replacement Adjustment; or

  

	 	(3)	 the sum of: (A) the alternate benchmark rate that has been selected by the Administrative Agent and the
Borrower as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by
the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for U.S. dollar-denominated syndicated credit facilities at such time and
(B) the related Benchmark Replacement Adjustment; or 

 (b) with respect to any Term SOFR Transition Event, the sum
of (i) Term SOFR and (ii) the related Benchmark Replacement Adjustment; 

  
 6 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 provided that, in the case of clause (a)(1) or clause (b), the applicable Unadjusted Benchmark
Replacement is displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion. If the Benchmark Replacement as determined pursuant to clause (a)(1),
(a)(2) or (a)(3) or clause (b) above would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Financing Documents. 

“Benchmark Replacement Adjustment” means, with respect to any replacement of the then-current Benchmark with an Unadjusted
Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement: 
 (1)
for purposes of clauses (a)(1), (a)(2) and (b) of the definition of “Benchmark Replacement,” the first alternative set forth in the order below that can be determined by the Administrative Agent: 

(a) the spread adjustment, or method for calculating or determining such spread adjustment (which may be a positive or negative value or zero),
as of the Reference Time such Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the Relevant Governmental Body for the replacement of such Available Tenor of such Benchmark with the applicable
Unadjusted Benchmark Replacement; 
 (b) the spread adjustment (which may be a positive or negative value or zero) as of the Reference Time
such Benchmark Replacement is first set for such Interest Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon an index cessation event with respect to such Available Tenor
of such Benchmark; and 
 (2) for purposes of clause (a)(3) of the definition of “Benchmark Replacement,” the spread adjustment, or
method for calculating or determining such spread adjustment (which may be a positive or negative value or zero), that has been selected by the Administrative Agent and Borrower giving due consideration to (i) any selection or recommendation of
a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Available Tenor of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the
applicable Benchmark Replacement Date or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Available Tenor of
such Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated syndicated credit facilities; 
 provided that, in
the case of clause (1) above, such adjustment is displayed on a screen or other information service that publishes such Benchmark Replacement Adjustment from time to time as selected by the Administrative Agent in its reasonable discretion.

 “Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical,
administrative or operational changes (including changes to the definition of “ABR,” the definition of “Business Day,” the definition of “Interest Period,” timing and frequency of determining rates and making payments
of interest, timing of borrowing requests 

  
 7 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters) that the
Administrative Agent decides, in consultation with the Borrower, may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner
substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the
administration of such Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Financing Documents), in
each case, which are substantively consistent with such changes being implemented in other similar credit facilities to which the Administrative Agent and the Lenders are a party and with market practice generally. 

“Benchmark Replacement Date” means the earliest to occur of the following events with respect to the then-current Benchmark:

 (1) in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of
the public statement or publication of information referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or indefinitely ceases to provide all
Available Tenors of such Benchmark (or such component thereof); 
 (2) in the case of clause (3) of the definition of “Benchmark
Transition Event,” the date of the public statement or publication of information referenced therein; 
 (3) in the case of a Term SOFR
Transition Event, the date that is thirty (30) days after the Administrative Agent has provided a Term SOFR Notice to the Lenders and the Borrower pursuant to Section 3.03(a); or 

(4) in the case of an Early Opt-in Election, the sixth (6th) Business Day after the date notice of
such Early Opt-in Election is provided to the Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such
Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising the Required Lenders. 

For the avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than,
the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination and (ii) the “Benchmark Replacement Date” will be deemed to have
occurred in the case of clause (1) or (2) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used
in the calculation thereof). 

  
 8 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Benchmark Transition Event” means the occurrence of one or more of the
following events with respect to the then-current Benchmark: 
 (1) a public statement or publication of information by or on behalf of the
administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or
indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); 

(2) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof), the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a
resolution authority with jurisdiction over the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component), which states
that the administrator of such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely, provided that, at the time of such statement or
publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or 

(3) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer representative. 

For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred with respect to any Benchmark if a public
statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof). 

“Benchmark Unavailability Period” means the period (if any) (x) beginning at the time that a Benchmark Replacement Date
pursuant to clauses (1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Financing Document in accordance with
Section 3.03 and (y) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Financing Document in accordance with Section 3.03. 

“Beneficial Ownership Certification” means a certification regarding beneficial ownership required by the Beneficial
Ownership Regulation, which certification shall be substantially similar in form and substance to the form of Certification Regarding Beneficial Owners of Legal Entity Customers published jointly, in May 2018, by the Loan Syndications and Trading
Association and Securities Industry and Financial Markets Association. 
 “Beneficial Ownership Regulation” means 31 C.F.R.
§ 1010.230. 

  
 9 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Blocked Person” means (a) a Person whose name appears on the list of
Specially Designated Nationals and Blocked Persons published by OFAC, (b) a Person, entity, organization, country, or regime that is blocked or otherwise a target of comprehensive sanctions that have been imposed under Economic Sanctions Laws
or (c) a Person that is a department or instrumentality of, or is otherwise beneficially owned by or controlled by or acting on behalf of, directly or indirectly, any Person, entity, organization, country or regime described in clause
(a) or (b). 
 “Board of Governors” means the Board of Governors of the Federal Reserve System of the United States.

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

“Borrower Administrative Costs” means, for any period, the sum (computed without duplication), each on a cash basis, of the
following during such period: (a) general and administrative expenses paid or payable by the Borrower; (b) any direct Taxes (other than income taxes) paid or payable by the Borrower in the ordinary course of business in connection with the
ownership of its Subsidiaries during such period; (c) legal, accounting and other professional fees attendant to any of the foregoing items paid or payable by the Borrower; and (d) all other cash expenses paid or payable by the Borrower in
the ordinary course of business in connection with the ownership of its Subsidiaries (but excluding, for the avoidance of doubt, any Investment in any Subsidiary, or payments on indebtedness and non-cash
charges, such as depreciation, amortization or other bookkeeping entries of a similar nature), in each case, during such period. 

“Borrower Certificate” means a certificate substantially in the form of Exhibit
B-2 hereto. 
 “Borrower Materials” means any materials and/or information
provided by or on behalf of the Borrower or its Affiliates hereunder. 
 “Borrowing” means a Revolving Credit Borrowing or
an L/C Borrowing, as applicable. 
 “Bulk Power Order” has the meaning given in Section 6.20. 

“Business Day” means any day that is not a Saturday, Sunday or other day that is a legal holiday under the laws of the State
of New York or is a day on which banking institutions in such state are authorized or required by Law to close and, if such day relates to any Adjusted LIBOR Loan, means any such day that is also a London Banking Day. 

“Business Interruption Insurance Proceeds” means any and all proceeds of any insurance, indemnity, warranty or guaranty
payable from time to time to the Borrower with respect to the partial or complete interruption of the operation of the business of the Borrower or any Project. 

“Cancelled Project” means any Project: 

(a) for which Borrower or any Subsidiary has determined not to proceed with development, construction or operation; 

(b) which does not reach Completion or Commercial Operation (or other applicable milestones) before the specified outside date in its Power
Purchase Agreement (giving effect to the payment of liquidated damages and amendments and waivers thereunder, and unless a replacement Power Purchase Agreement consistent with the Debt Sizing Criteria on which such Project is financed has been
executed and is in full force and effect); 

  
 10 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (c) if any Subsidiary of Borrower is the managing member under the Permitted Tax Equity
Arrangements of such Project, such Subsidiary is removed as the managing member; 
 (d) the funding conditions under any Permitted Tax
Equity Arrangements are not satisfied by the applicable date set forth in such Permitted Tax Equity Arrangements (giving effect to amendments and waivers thereunder, unless alternative replacement funding is provided in respect of such Project);

 (e) with respect to any Construction Project that does not have a Power Purchase Agreement or a Permitted Tax Equity Arrangement, that
fails to achieve Completion prior to such Project’s Project Date Certain; or 
 (f) any Permit necessary for operation, construction or
maintenance of such Project shall be materially and adversely modified, suspended, terminated, revoked or cancelled by the applicable Governmental Authority, and such material and adverse modification, suspension, revocation, termination or
cancellation shall continue for one hundred and twenty (120) consecutive days without such Permit being reinstated or replaced. 

“Capitalized Leases” means all leases that have been or should be, in accordance with GAAP, recorded as capitalized leases.

 “Cash Collateral Account” means a blocked, non-interest bearing deposit account
of the Borrower at MUFG Union Bank, N.A. in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent. 

“Cash Collateralize” means to pledge and deposit in a Cash Collateral Account, for the benefit of one or more of the Issuing
Banks and the Lenders, as collateral for L/C Obligations or obligations of Lenders to fund participations in respect of either thereof (as the context may require), cash or deposit account balances or, if the Administrative Agent or the Issuing
Banks shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to (a) the Administrative Agent and (b) the Issuing Banks. “Cash Collateral” shall have a
meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 
 “Cash
Diversion Event” means, with respect to any Permitted Tax Equity Arrangements, the payment to an escrow account or to the applicable Tax Equity Investor pursuant to the terms of the applicable Tax Equity Documents of any amount of
distributable cash that would otherwise have been distributed to the Borrower or any Subsidiary of the Borrower but for an indemnification claim or equivalent having been made by such Tax Equity Investor. 

  
 11 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Cash Equivalents” means (a) marketable direct obligations issued by,
or unconditionally guaranteed by, the United States government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition; (b) certificates of
deposit, time deposits, eurodollar time deposits or overnight bank deposits having maturities of one year or less from the date of acquisition issued by any commercial bank organized under the laws of the United States or any state thereof having
combined capital and surplus of not less than $500,000,000 and rated at least “AA-” by S&P, “Aa3” by Moody’s or AA- by Fitch;
(c) commercial paper of an issuer rated at least “A-1” by S&P, “P-1” by Moody’s or F1+ by Fitch, or carrying an equivalent rating by a
nationally recognized rating agency, if all three (3) of the named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within one year from the date of acquisition; (d) repurchase obligations of any
commercial bank satisfying the requirements of clause (b) above, having a term of not more than thirty (30) days, with respect to securities issued or fully guaranteed or insured by the United States government; (e) securities with
maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory, the
securities of which state, commonwealth, territory, political subdivision or taxing authority (as the case may be) are rated at least “AA-” by S&P, “Aa3” by Moody’s or AA- by Fitch; (f) securities with maturities of six (6) months or less from the date of acquisition backed by standby letters of credit issued by any commercial bank satisfying the requirements of clause
(b) above; (g) money market mutual or similar funds that invest exclusively in assets satisfying the requirements of clauses (a) through (f) above; or (h) money market funds that (x) comply with the criteria set forth in SEC Rule
2a-7 under the Investment Company Act of 1940, (y) are rated “AAA” by S&P, “Aaa” by Moody’s or AAA by Fitch and (z) have portfolio assets of at least $5,000,000,000 (subject
to a maximum of 5% of fund capital). 
 “Change in Law” means the occurrence, after the date of this Agreement, of any of
the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any
Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary,
(x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) 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, in each case pursuant to Basel III, shall in each case be deemed to be a
“Change in Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control” means an event or
series of events by which: 
 (a) the Borrower ceases to be actively managed by the Service Provider, in its capacity as manager, or a
Qualified Replacement Manager; or 

  
 12 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (b) the Sponsor or a Qualified Owner shall cease, directly or indirectly, to own and control
legally and beneficially at least 50% of the Equity Interests in the Borrower and have management control over the Borrower. 

“Closing Date” means the first date all the conditions precedent in Section 4.01 are satisfied or waived in
accordance with Section 10.01. 
 “Code” means the Internal Revenue Code of 1986. 

“Collateral” means all of the “Collateral” or other similar term referred to in the Collateral Documents and all of
the other property that is or is intended under the terms of the Collateral Documents to be subject to Liens in favor of the Collateral Agent for the benefit of the Secured Parties. 

“Collateral Agent” has the meaning given such term in the preamble hereto. 

“Collateral Documents” means, collectively, the Depositary Agreement, the Pledge Agreement, the Pledge and Security
Agreement, and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Collateral Agent for the benefit of the Secured Parties. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.). 

“Commercial Operation” means, with respect to a Project, that such Project is able to operate and produce electrical energy
for commercial sale in all material respects in accordance with its Project Documents, Prudent Industry Practices and applicable laws and has otherwise satisfied its obligations under each applicable Power Purchase Agreement with respect to the
commencement of operations of such Project. 
 “Completion” means, with respect to each Construction Project, that
(i) all work under the applicable EPC Contracts (other than “punchlist” items and work which is to be done after the Project has passed its “acceptance tests” or “performance tests”) for such Project has been
completed substantially in accordance with the applicable EPC Contracts for such Project and the requirements of all Applicable Permits for such Project, (ii) all necessary electrical interconnection facilities sufficient to transmit all power
generated by such Project have been completed, (iii) such Project has achieved Commercial Operation, (iv) “acceptance tests” or “performance tests” (however defined) under the applicable EPC Contracts, if any, either
(A) have been successfully completed, or (B) performance liquidated damages as provided in such contracts have been paid by the applicable EPC Contractor under the applicable EPC Contracts in an amount which, in the aggregate, is equal to
the amount of performance liquidated damages required to be paid in order to be deemed to have successfully completed such “acceptance tests” or “performance tests” under the applicable EPC Contracts, (v) in connection with
the foregoing clause (iv), the successful completion of such “acceptance tests” or “performance tests”, if any, has met the required testing and performance obligations under each applicable Power Purchase Agreement,
(vi) all real estate rights necessary for the completion of the foregoing and the continued operation of such Project shall have been obtained and (vii) other than Permitted Liens, no mechanics’ and/or materialmen’s

  
 13 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
liens or application therefor have been filed and remain uncured with respect to work performed by the EPC Contractors with respect to such Project (other than “punchlist” items or work
which is to be done after Completion) and all amounts due and payable as of such date which could give rise to such mechanics’ and/or materialmen’s liens relating to the Project (other than “punchlist” items or work which is to
be done after Completion) are either paid or, if in dispute, properly reserved, in each case other than clauses (iv) and (vii) above, as certified by the Borrower to the Administrative Agent. 

“Compliance Certificate” means a certificate substantially in the form of Exhibit D. 

“Concentration Limits” has the meaning set forth on Schedule 1.01(C). 

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or
that are franchise Taxes or branch profits Taxes. 
 “Consents” means each third-party consent required to be entered
pursuant to Section 4.02(b)(ii) or Section 6.12(b) in the form customarily proposed by the counterparty to the applicable Power Purchase Agreement or Tax Equity Document, or Borrower, and reasonably acceptable to the
Administrative Agent. 
 “Construction Budget” means a project budget delivered by the Borrower pursuant to
Section 4.02(i)(i), as provided in such Project’s Project Funding Certificate. 
 “Construction Project”
means each Project that has not achieved Completion. 
 “Contractual Obligation” means, as to any Person, any provision of
any security issued by such Person or of any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Contribution Agreement” means, with respect to any Project Company, the applicable contribution agreement entered into
between Holdings (or other Affiliate of Borrower) and Borrower in substantially the form attached hereto as Exhibit T. 

“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. 

“Controlled Entity” means any of the Subsidiaries of the Borrower. 

“Corresponding Tenor” with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an
interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor. 

  
 14 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Credit Extension” means each of the following: (a) a Borrowing,
(b) an L/C Credit Extension and/or (c) an L/C Loan. 
 “Credit Rating” means, with respect to a Person, the
rating assigned by a Rating Agency to the senior long-term unsecured debt obligations of such Person or, if such Person does not have senior unsecured long-term debt that is rated by a Rating Agency, the rating assigned by a Rating Agency as the
corporate credit rating or issuer rating of such Person (in each case not supported by any third-party credit enhancement). In the event two Rating Agencies have assigned such Person a Credit Rating, the applicable Credit Rating shall be the lower
of the two and, in the event more than two Rating Agencies have assigned such Person a Credit Rating, the applicable Credit Rating shall be the second highest of the ratings. 

“Daily Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being
established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if the
Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion. 

“Debt Service” means, for any period, without duplication, an amount equal to all principal and any interest and fees accrued
with respect to the Loans, any unfunded Revolving Credit Commitments, any Unreimbursed Amounts, any L/C Loans and any Letters of Credit, in each case, then scheduled to be due and payable by the Borrower under any Financing Document, and any
Ordinary Course Settlement Payments payable by the Borrower under the Swap Contracts (without duplication of interest amounts payable under this Agreement) net of Ordinary Course Settlement Payments received by the Borrower thereunder during the
relevant period. 
 “Debt Service Coverage Ratio” means the ratio as of the last day of any Fiscal Quarter (or such other
date of determination hereunder) of (a) Net Cash Flow actually received by the Borrower in respect of all Operating Projects to (b) all amounts due and payable by the Borrower in respect of (i) principal and interest on all Loans with
respect to Operating Projects and (ii) Letter of Credit Fees on all Letters of Credit issued with respect to Operating Projects, in each case, for the four-Fiscal Quarter period ending on such date (or, during the first four Fiscal Quarters
ending after the Closing Date, for the period beginning on the Closing Date and ending on the applicable date of determination hereunder); provided, for purposes of the foregoing, (A) any calculation of amounts described in clause
(a) shall exclude (1) for any Operating Project, amounts received by the Borrower in respect of the period prior to the Completion of such Project, and (2) all Borrower Administrative Costs incurred in respect of Construction Projects
(as reasonably allocated by the Borrower); and (B) any calculation of amounts described in clause (b) shall exclude (1) for any Operating Project, interest or Letter of Credit Fees accrued or paid in respect of any period prior to the
Completion of such Project, and (2) interest accrued or paid in respect of any Loan that has been or will be repaid or prepaid by the Borrower on or prior to such date. 

  
 15 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Debt Service Reserve Account” means the Account of such name established
pursuant to the Depositary Agreement. 
 “Debt Service Reserve Account Required Balance” means an amount equal to the
projected maximum six months of (i) principal and interest scheduled to become due following such date, based on the amounts of the Loans that have been funded as of such date; (ii) Letter of Credit Fees; and (iii) commitment fees.
The Debt Service Reserve Account Required Balance may be funded through cash, a Letter of Credit issued hereunder or an Acceptable Letter of Credit, and shall be calculated assuming no Default or Event of Default will occur during such six-month period and excluding principal payments due at maturity. 
 “Debt Sizing
Criteria” has the meaning set forth on Schedule 1.01(F). 
 “Debtor Relief Laws” means the Bankruptcy Code,
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. 
 “Deemed Investment Grade Power Purchaser” means any Power Purchaser that does
not have an Investment Grade Rating but has an equivalent shadow rating as determined in good faith by the Borrower and agreed by the Required Lenders based upon a review of information reasonably requested by the Required Lenders to facilitate such
determination; provided, that such Power Purchaser shall no longer be a Deemed Investment Grade Power Purchaser if, at any time, the Required Lenders determine, including based on the documents and other information provided by the Borrower
in accordance with Section 6.02(j), that a change in the credit quality of such Power Purchaser has occurred that would reasonably be expected to result in a reduction in the Borrower’s aggregate Net Cash Flow by five percent (5%)
or more in respect of any period of four consecutive Fiscal Quarters. 
 “Default” means any event or condition that
constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. 

“Default Rate” means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal
to (i) the ABR plus (ii) the Applicable Margin applicable to ABR Loans plus (iii) 2% per annum; provided, however, that with respect to an Adjusted LIBOR Loan, the Default Rate shall be an interest rate equal to the
Applicable Margin applicable to Adjusted LIBOR Loans plus 2% per annum and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Margin applicable to ABR Loans plus 2% per annum. 

“Defaulting Lender” means, subject to Section 2.15(b), any Lender that (a) has failed to (i) fund all
or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the 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) pay to the
Administrative Agent, any Issuing Bank or any other Lender any other amount required to be paid 

  
 16 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 by it hereunder (including in respect of its participation in Letters of Credit) within two (2) Business
Days of the date when due, (b) has notified the Borrower, the Administrative Agent or the Issuing Banks in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless
such writing or public statement relates to such lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together
with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request by the Administrative Agent or the Borrower, to
confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of
such written confirmation by the Administrative Agent and the Borrower), 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, or (ii) had appointed for it
a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any
other state or federal regulatory authority acting in such a capacity; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent
company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of
attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting
Lender under any one or more of clauses (a) through (d) above, and of the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to
Section 2.15(b)) as of the date established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Borrower, the Issuing Banks and each other Lender
promptly following such determination. 
 “Depositary Bank” has the meaning given such term in the preamble hereto. 

“Depositary Agreement” means the Depositary Agreement, dated as of the date hereof, among the Borrower, the Administrative
Agent, the Collateral Agent, and the Depositary Bank. 
 “Disposition” or “Dispose” means the sale,
transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property by any Person (or the granting of any option or other right to do any of the foregoing), including any sale, assignment, transfer or other
disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 

“Disqualified Lender” means any Person identified on Schedule 1.01(A). 

“Distribution Conditions” means, as of the date of any proposed Restricted Payment to be made in accordance with
Section 7.06(c), the satisfaction of the following: 
 (a) all then due and payable Unreimbursed Amounts and L/C Loans shall have
been repaid in full; 

  
 17 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (b) no Event of Default shall have occurred and be continuing; 

(c) no event or circumstance that with the giving of notice or the passage of time would become an Event of Default has occurred and is
continuing; 
 (d) the Debt Service Reserve Account shall be funded in an amount, when taken together with amounts already on deposit in the
Debt Service Reserve Account, any Letters of Credit issued hereunder and any Acceptable Letter of Credit issued for the Debt Service Reserve Account Required Balance, not less than the Debt Service Reserve Account Required Balance; 

(e) the Debt Service Coverage Ratio shall be equal to or greater than 1.2:1.0; and 

(f) the Borrower shall have delivered to Administrative Agent a certificate of an Authorized Representative certifying that each of the
conditions set forth in clauses (a) through (e) above have been satisfied, and attaching calculations demonstrating that the Debt Service Coverage Ratio specified in clause (e) above has been satisfied, as of the date
of the proposed Restricted Payment; provided, that the foregoing certifications shall be deemed made in any flow of funds memorandum delivered pursuant to Section 4.02(o) or Section 4.03(h) which provides for a
Restricted Payment; provided, further, that in connection with any Restricted Payment to be made with any Loan proceeds borrowed with respect to any Project to reimburse Sponsor or any of its Affiliates for any prior Equity
Contributions not in excess of the amount required to maintain the Allocated Minimum Equity Contribution, the Borrower shall not be required to certify as to the condition set forth in clause (e). 

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

“Early Opt-in Election” means, if the then-current Benchmark is USD LIBOR, the
occurrence of: 
 (1) a notification by the Administrative Agent to (or the request by the Borrower to the Administrative Agent to notify)
each of the other parties hereto that at least five currently outstanding U.S. dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a Term SOFR
or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for review), and 

(2) the joint election by the Administrative Agent and the Borrower to trigger a fallback from USD LIBOR and the provision by the
Administrative Agent of written notice of such election to the Lenders. 
 “Early Termination Event” means, with respect to
any Interest Rate Hedge Agreement, the occurrence of any termination event or any event of default (howsoever defined in such Interest Rate Hedge Agreement) under any Interest Rate Hedge Agreement which results in the termination of such Interest
Rate Hedge Agreement, as applicable, other than any expiration or termination in accordance with the terms of such Interest Rate Hedge Agreement. 

  
 18 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Economic Sanctions Laws” means those laws, executive orders, enabling
legislation or regulations administered and enforced by the United States, the European Union, the United Nations, Canada or any other governmental body with relevant jurisdiction pursuant to which economic sanctions have been imposed on any Person,
entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act, and OFAC regulations. 

“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 clause (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. 

“Eligibility Representations and Warranties” has the meaning set forth on Schedule 1.01(E). 

“Eligible Assignee” means any Person other than a natural Person that is (i) a Lender, an Affiliate of any Lender or an
Approved Fund (any two or more Approved Funds related to the same Lender being treated as a single Eligible Assignee for all purposes hereof), or (ii) a commercial bank, insurance company, investment or mutual fund or other entity that is an
“accredited investor” (as defined in Regulation D under the Securities Act of 1933, as amended) and which extends credit or buys loans in the ordinary course of business, excluding, for the avoidance of doubt, any Disqualified Lender or
Defaulting Lender. 
 “Eligible Vendor Requirements” means, with respect to any EPC Contractor or a supplier of panels,
inverters, racking systems or batteries for a Project, the requirement that such Person is either listed on Schedule 1.01(B) or otherwise reasonably acceptable to the Required Lenders, which Schedule 1.01(B) shall be reviewed and if
applicable amended on an annual basis by the Borrower and the Administrative Agent in consultation with the Independent Engineer. 

“Environment” means ambient air, indoor air, surface water, groundwater, drinking water, soil, surface and subsurface
strata, and natural resources such as wetland, flora and fauna. 
 “Environmental Laws” means any and all Laws relating to
or imposing liability for pollution or the protection of the Environment or human health (to the extent related to exposure to Hazardous Materials), including those relating to the manufacture, generation, handling, transport, storage, treatment,
Release or threat of Release of Hazardous Materials. 

  
 19 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Environmental Liability” means any liability, contingent or otherwise
(including any liability for damages, costs of environmental remediation, fines, penalties, attorney or consultant fees or indemnities) resulting from or based upon (a) non-compliance with any
Environmental Law or any Environmental Permit, (b) exposure to any Hazardous Materials, (c) Release or threatened Release of any Hazardous Materials, (d) any investigation, remediation, removal, clean-up or monitoring required under
Environmental Laws or required by a Governmental Authority (including without limitation Governmental Authority oversight costs that the party conducting the investigation, remediation, removal, clean-up or
monitoring is required to reimburse), or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Environmental Permit” means any Permit required under any Environmental Law. 

“EPC Contract” means, with respect to any Construction Project, the engineering, procurement and construction contract,
balance of plant contract, or other similar construction contract entered into between the applicable Project Company and an EPC Contractor. 

“EPC Contractor” means, with respect to any Construction Project, any contractor or supplier selected by the Borrower with
respect to the construction, installation or supply arrangements for such Project and, to the extent that such contractor is a supplier of panels, inverters, racking systems or batteries for such Project, either listed on Schedule 1.01(B) or
otherwise reasonably acceptable to the Required Lenders. 
 “Equity Contribution” means (a) any cash contribution to
the common equity of Borrower or (at the direction of the Borrower) any of its Subsidiaries by any Holdings Equity Holder and (b) the incurrence of Project Costs on behalf of a Project by an Affiliate of Borrower without repayment obligations
in support thereof by the Borrower or any of its Subsidiaries. 
 “Equity Interests” means, with respect to any Person, all
of the shares of capital stock of (or other ownership or profit 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 or profit
interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit 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, and whether or not such shares, warrants, options,
rights or other interests are outstanding on any date of determination. 
 “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) that is treated as a single employer together
with the Borrower under section 414 of the Code. 

  
 20 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “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. 

“Event of Default” has the meaning specified in Section 8.01. 

“Excluded Revenues” means amounts received by the Borrower in respect of (a) Equity Contributions, including in
connection with the purchase of Projects, (b) any Extraordinary Receipts, (c) any proceeds of insurance with respect to any loss or recapture of investment tax credits, (d) any capital contribution or other payment by a Tax Equity
Investor to Borrower or any Subsidiary of Borrower in connection with a Permitted Tax Equity Arrangement, (e) Cancelled Projects, (f) any indemnification payment made to Borrower or any Subsidiary of Borrower under any Acquisition Document
or (g) any Non-Financed Assets. 
 “Excluded Taxes” means any of the following
Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case,
(i) imposed as a result of such Recipient being organized under the Laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof)
or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Revolving Credit
Commitment pursuant to a Law in effect on the date on which (i) such Lender acquires such interest in the Loan or Revolving Credit Commitment (other than pursuant to an assignment request by the Borrower under Section 3.06(b) and
Section 10.14) or (ii) such Lender changes its Lending Office (other than pursuant to a request by the Borrower under Section 3.06(a)), except in each case to the extent that, pursuant to Section 3.01,
amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending Office, (c) Taxes attributable to such
Recipient’s failure to comply with Section 3.01(f) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA. 

“Existing Letter of Credit” has the meaning assigned to such term in Section 2.03(m). 

“EWG” means an “exempt wholesale generator” as defined in Section 1262(6) of PUHCA and the FERC’s
regulations at 18 C.F.R. § 366.1. 
 “Extraordinary Receipt” means any cash received by or paid to or for the account
of the Borrower as (i) proceeds of insurance (other than Business Interruption Insurance Proceeds) received in connection with damage to, or loss of, the Borrower’s or its Subsidiaries’ assets that are not intended to be applied to
the repair or restoration of such assets, and (ii) condemnation awards (and payments in lieu thereof). 
 “FASB ASC”
means the Accounting Standards Codification of the Financial Accounting Standards Board. 

  
 21 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “FATCA” means 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), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to
Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code.

 “Federal Energy Regulatory Authorizations, Exemptions, and Waivers” means MBR Authority under the FPA, status as a QF
under PURPA, status as an EWG under PUHCA, and the PUHCA Exemption or Waiver. 
 “Federal Funds Effective 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 Effective 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 Effective Rate for such day shall be the average rate (rounded upward, if necessary, to a whole
multiple of 1/100 of 1%) charged to the Administrative Agent on such day on such transactions as determined by the Administrative Agent. 

“Fee Letters” means each letter agreement, dated as of February 23, 2021, between the Borrower and the Administrative
Agent, the applicable Arranger, the applicable Lender or the applicable Issuing Bank party thereto, as applicable. 

“FERC” means the Federal Energy Regulatory Commission, or its successor. 

“Financing Documents” means, collectively, (a) this Agreement, (b) the Collateral Documents, (c) each Fee
Letter, (d) the Agency Fee Letter, (e) each Increase Joinder, (f) each of the Revolving Credit Notes, (g) each Sponsor Equity Commitment (but solely for so long as each such Sponsor Equity Commitment is required to be in effect
pursuant to the terms of this Agreement and the terms thereof), (h) the Consents (solely with respect to any Power Purchase Agreement or Tax Equity Document comprising five percent (5%) or more of Borrower’s aggregate Net Cash Flow in respect
of any period of four consecutive Fiscal Quarters) and (i) any other documents, agreements or instruments entered into in connection with any of the foregoing. 

“Fiscal Quarter” means a fiscal quarter of any Fiscal Year. 

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

“Fitch” means Fitch Investor’s Service, Inc., or its successors. 

  
 22 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Floor” means the benchmark rate floor, if any, provided in this Agreement
initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to USD LIBOR. 

“Foreign Lender” means a Lender or Issuing Bank that is not a U.S. Person. 

“FPA” means the Federal Power Act, as amended, and the implementing regulations of FERC. 

“Fronting Exposure” means, at any time there is a Defaulting Lender, with respect to the Issuing Banks, such Defaulting
Lender’s Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the
terms hereof. To the extent a Letter of Credit is issued on a ratable basis in accordance with Section 2.03(b)(vi), there shall be no Fronting Exposure for the Issuing Bank. 

“Fund” means any Person (other than a natural Person) that is (or will be) engaged in making, purchasing, holding or
otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

“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 (a) the government of (i) the United States or any state or other political
subdivision thereof, (ii) any other jurisdiction in which the Borrower or any Subsidiary thereof conducts all or any part of its business, or which asserts jurisdiction over any properties of the Borrower or any such Subsidiary, or
(iii) for purposes of Sections 5.17, 6.08(b) and 7.18 only, any other jurisdiction in which the Borrower or any of its Subsidiaries conducts all or any part of its business, or which asserts jurisdiction over any properties of the
Borrower or any of its Subsidiaries, or (b) any entity exercising executive, legislative, judicial, regulatory or administrative functions of, or pertaining to, any such government, including supra-national bodies (such as the European Union
and the European Central Bank), including any applicable regional transmission organization or independent system operator, and their respective market monitors. 

“Governmental Official” means any governmental official or employee, employee of any government-owned or
government-controlled entity, political party, any official of a political party, candidate for political office, official of any public international organization or anyone else acting in an official capacity. 

  
 23 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “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 or other obligation 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 or other obligation, (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 or other obligation, (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 other obligation, or (iv) entered into for the purpose of assuring in any
other manner the obligee in respect of such Indebtedness or other obligation 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 or other obligation 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).
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. 

“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, natural gas, natural gas liquids, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, toxic mold, infectious or medical wastes and all other substances,
wastes, chemicals, pollutants, contaminants or compounds of any nature in any form regulated pursuant to any Environmental Law. 

“Hedge Bank” means any Person that, at the time it enters into Swap Contract permitted under Article VII, is a Lender
or an Affiliate of a Lender, in its capacity as a party to such Swap Contract. 
 “Holdings” means Goldman Sachs Renewable
Power Operating Company LLC. 
 “Holdings Equity Holder” means the Sponsor, any Qualified Owner and their respective
Affiliates (other than the Borrower and its Subsidiaries, but including Holdings). 
 “HSBC” means HSBC Bank USA, N.A. 

“IFRS” means international accounting standards within the meaning of Regulation (EC) No. 1606/2002 (the International
Accounting Standards (IAS) Regulation) to the extent applicable to the relevant financial statements delivered under or referred to herein. 

“Imputed Amortization Amount” has the meaning set forth in Schedule 1.01(F). 

“Increase Effective Date” has the meaning assigned to such term in Section 2.13. 

“Increase Joinder” has the meaning assigned to such term in Section 2.13. 

  
 24 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Incremental Revolving Commitment” has the meaning assigned to such term in
Section 2.13. 
 “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 (excluding trade accounts payable in the
ordinary course of business and not more than ninety (90) days overdue); 
 (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; 
 (f) all Attributable Indebtedness in respect of Capitalized Leases and Synthetic Lease Obligations of such Person and all
Synthetic Debt of such Person; 
 (g) its redemption obligations in respect of mandatorily redeemable Preferred Stock; and 

(h) all Guarantees of such Person in respect of any of the foregoing. 

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 a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person. 

“Indemnified Taxes” means (a) Taxes other than Excluded Taxes, imposed on or with respect to any payment
made by or on account of any obligation of the Borrower under any Financing Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitee” has the meaning specified in Section 10.05(b). 

“Independent Engineer” means Enertis Solar Inc., or any other consultant reasonably satisfactory to the Required Lenders.

  
 25 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Independent Engineer Compliance Certificate” has the meaning specified in
Section 6.02(c). 
 “Independent Engineer’s Certificate” has the meaning specified in
Section 4.02(e). 
 “Independent Engineer’s Checklist” has the meaning specified in
Section 4.02(e). 
 “Information” has the meaning specified in Section 10.08. 

“Initial Operating Budget” means, with respect to any Operating Project, a draft operating plan and a budget, substantially in
the form of Exhibit N, detailed by quarter for such Project and the balance of the Projects in the portfolio, of anticipated revenues and anticipated expenditures, such budget to include maintenance, repair and operation expenses (including
reasonable allowance for contingencies), reserves and all other anticipated O&M Costs for the Projects for the ensuing twelve months. 

“Initial Project Funding Date” has the meaning set forth in Section 4.02. 

“Insurance Consultant” means Moore-McNeil, LLC, or any successor reasonably satisfactory to the Required Lenders. 

“Interconnection Agreement” means, with respect to any Project, any interconnection agreements to which the applicable
Project Company and an Interconnection Provider are a party, or from which a Project Company benefits. 
 “Interconnection
Provider” means, with respect to any Project, the provider of interconnection services for such Project under the Interconnection Agreement for such Project. 

“Interpolated Rate” means, in relation to the LIBO Rate, the rate which results from interpolating on a linear basis between:

 (a) the applicable LIBO Rate for the longest period (for which that LIBO Rate is available) which is less than the Interest Period of that
Loan; 
 (b) the applicable LIBO Rate for the shortest period (for which that LIBO Rate is available) which exceeds the Interest Period of
that Loan; and 
 (c) each as of approximately 11:00 a.m. (London, England time) two (2) Business Days prior to the commencement of
such Interest Period of that Loan. 
 “Interest Payment Date” means, as to any Loan, each Semiannual Payment Date and the
Maturity Date. 

  
 26 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Interest Period” means, as to each Adjusted LIBOR Loan, the period
commencing on the date such Adjusted LIBOR Loan is disbursed or converted to or continued as an Adjusted LIBOR Loan and ending on the date one, three or six months thereafter (or, if agreed by all relevant Lenders, a period of shorter than one
month), as selected by the Borrower in its Notice of Borrowing; provided that: 
  

	 	(i)	 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, in the case of an Adjusted LIBOR Loan, such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; 

 

	 	(ii)	 any Interest Period pertaining to an Adjusted LIBOR Loan 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 complete calendar month at the end of such Interest Period; and

  

	 	(iii)	 no Interest Period shall extend beyond the Maturity Date; 

 

	 	(iv)	 any interest with respect to any Interest Period ending on a date that is not a Quarterly Date shall accrue on
the immediately succeeding Quarterly Date and shall become due and payable on the immediately succeeding Semiannual Payment Date; and 

  

	 	(v)	 any interest with respect to any Interest Period shall accrue on each Quarterly Date occurring during such
Interest Period and shall be due and payable on any Semiannual Payment Date occurring during such Interest Period. 

“Interest Rate Hedge Agreement” means any Swap Contract that hedges interest rates and is permitted under Article VII
that is entered into by and between the Borrower and any Hedge Bank.  
 “Investment” means, as to any Person, any
direct or indirect acquisition or investment by such 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, or (c) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person that constitute a business unit or all
or a substantial part of the business of, such Person. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment,
net of any dividends, interest, distributions, return of capital and other amounts received or realized in respect of such Investment, up to the original amount of such Investment. 

“Investment Grade Power Purchaser” means (a) a Power Purchaser that has an Investment Grade Rating or (b) a Deemed
Investment Grade Power Purchaser. 
 “Investment Grade Rating” means, in respect of any Person, that such Person has a
Credit Rating of at least BBB- by S&P or Fitch, at least Baa3 by Moody’s, or the equivalent of the foregoing if the Rating Agency is any other Rating Agency. 

  
 27 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Investment Grade Revenues” has the meaning given in Schedule
1.01(F). 
 “IP Rights” means any right to use trademarks, service marks, trade names, copyrights, patents, patent
rights, franchises, licenses and other intellectual property rights. 
 “ISDA Definitions” means the 2006 ISDA Definitions
published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time by the
International Swaps and Derivatives Association, Inc. or such successor thereto. 
 “ISP” means, with respect to any Letter
of Credit, the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (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, the Letter of Credit Notice
and any other document, agreement and instrument entered into by the applicable Issuing Bank and the Borrower (or any Subsidiary) or in favor of the applicable Issuing Bank and relating to such Letter of Credit. 

“Issuing Bank” has the meaning given such term in the preamble hereto, and includes any successor issuer of Letters of Credit
hereunder. 
 “Laws” means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules,
regulations, ordinances, codes, orders, principles of common law, Permits and enforceable agreements with, any Governmental Authority. 

“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 Revolving Credit 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 Credit Extension Date” has the meaning assigned to such term in Section 4.04. 

“L/C Loan” means, with respect to each Revolving Credit Lender, such Lender’s funding of its participation in any L/C
Borrowing in accordance with its Applicable Revolving Credit Percentage. 
 “L/C Obligations” means, as at any date of
determination, the aggregate 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 amount available to be drawn under
any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. 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, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

  
 28 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

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

“Lending Office” means, as to any Lender, the office or offices of such Lender described as such on Exhibit E-2, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent, which office may include any Affiliate of such Lender or any domestic or foreign
branch of such Lender or such Affiliate. Unless the context otherwise requires each reference to a Lender shall include its applicable Lending Office. 

“Letters of Credit” means, collectively, the Reserve Letters of Credit and the Project Letters of Credit, and “Letter
of Credit” means any of the Letters of Credit. 
 “Letter of Credit Application” means, with respect to each
Issuing Bank, an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by such Issuing Bank. 

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

“Letter of Credit Notice” means a notice in the form attached hereto as Exhibit K. 

“Letter of Credit Expiration Date” means the day that is seven days prior to the Maturity Date then in effect for the
Revolving Credit Facility (or, if such day is not a Business Day, the next preceding Business Day). 
 “Letter of Credit
Sublimit” means an amount equal to 46% of the aggregate of the Revolving Credit Commitments and, subject to effectiveness in accordance with Section 2.13(a), the Incremental Revolving Commitments. The Letter of Credit Sublimit
is part of, and not in addition to, the Revolving Credit Facility. 
 “Lien” means any mortgage, pledge, hypothecation,
collateral assignment, deposit arrangement, encumbrance, easement, right-of-way or other encumbrance on title to real property, lien (statutory or other), charge, or
preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, and any financing lease having
substantially the same economic effect as any of the foregoing). 
 “Loan” means an extension of credit by a Lender to the
Borrower under Article II in the form of a Revolving Loan. 
 “Local Accounts” means any deposit accounts
established and maintained by the Borrower that are (or, within thirty (30) days of the later of (x) the Closing Date, or (y) the date on which such account is opened by or on behalf of the Borrower, will be) subject to a springing
deposit account control agreement with the Collateral Agent and the applicable account bank, which accounts may be used for the deposit of Equity Contributions made to the Borrower and any amounts transferred to such account pursuant to the
Depositary Agreement, in each case, for application towards the payment of Project Costs, Borrower Administrative Costs or for any other purpose not prohibited hereunder or under any other Financing Document. 

  
 29 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “London Banking Day” means any day on which dealings in Dollar deposits are
conducted by and between banks in the London interbank eurodollar market. 
 “Market Consultant” means Wood MacKenzie, or
any successor reasonably satisfactory to the Required Lenders. 
 “Material Adverse Effect” means (a) a material
adverse change in, or a material adverse effect upon, the operations, business, properties or condition (financial or otherwise) of the Borrower and its Subsidiaries, taken as a whole; (b) a material adverse effect on the rights and remedies of
the Administrative Agent or any Lender under any Financing Document, or of the ability of the Borrower to perform its material obligations under any Financing Document to which it is a party; or (c) a material adverse effect upon the legality,
validity, binding effect or enforceability against the Borrower of any Financing Document to which it is a party. 
 “Material Cash
Diversion Event” means, with respect to any Project, any Cash Diversion Event resulting in a reduction of cash distributions actually distributed to the Borrower under any limited liability company operating agreement constituting a
Permitted Tax Equity Arrangement, solely to the extent that such reduction is reasonably expected to result in a reduction of Borrower’s aggregate Net Cash Flow by five percent (5%) or more in respect of any period of four consecutive Fiscal
Quarters. 
 “Material Project” means, as of any Initial Project Funding Date, a Project in respect of which the difference
between (i) the Maximum Loan Amount, calculated and determined including such Project and (ii) the Maximum Loan Amount, calculated and determined without reference to such Project is at least $30,000,000. 

“Material Project Document” means any Project Document for a Material Project. 

“Material Transaction Documents” means, with respect to each Material Project, each Power Purchase Agreement (solely to the
extent that at least 5% of Borrower’s aggregate Net Cash Flow in respect of any period of four consecutive Fiscal Quarters is reasonably expected to be attributable to such Power Purchase Agreement), each EPC Contract (solely with respect to
Construction Projects), each O&M Contract (solely with respect to Operating Projects), each Tax Equity Document and any related guarantees or other credit support in connection with any of the foregoing, in each case for such Material Project.

 “Maturity Date” means the earlier to occur of (a) the acceleration of the obligations pursuant to
Section 8.02 of this Agreement or (b) the Scheduled Maturity Date. 
 “Maximum Loan Amount” has the
meaning set forth on Schedule 1.01(F). 

  
 30 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Maximum Project Funding Ratio” means, with respect to any Project, a
Project Funding Ratio of no greater than 85:15. 
 “MBR Authority” means an order by FERC pursuant to Section 205 of
the FPA (a) authorizing a Project Company to sell energy, capacity and specified ancillary services at market-based rates, (b) accepting a tariff for filing that provides for such sales, and (c) granting such Project Company waivers of
regulations and blanket authorizations customarily granted by FERC to an entity that sells wholesale power and ancillary services at market-based rates, including blanket approval for the issuance of securities and assumption of liabilities under
Section 204 of the FPA and Part 34 of the FERC’s regulations. 
 “Minimum Collateral Amount” means, at any time,
an amount equal to the Fronting Exposure of each Issuing Bank with respect to Letters of Credit issued and outstanding at such time. 

“Minimum Criteria” means the Debt Sizing Criteria, the Eligibility Representations and Warranties, the Eligible Vendor
Requirements and the Concentration Limits. 
 “Moody’s” means Moody’s Investors Service, Inc. and any successor
thereto. 
 “Multiemployer Plan” means any Plan that is a “multiemployer plan” (as such term is defined in
section 4001(a)(3) of ERISA). 
 “Necessary Permits” has the meaning specified in Section 5.03(b). 

“NERC” means the North American Electric Reliability Corporation or any successor certified by FERC as the electric
reliability organization for the United States. 
 “Net Cash Flow” means, with respect to any period, all amounts received
by the Borrower generated by the Projects and other assets directly or indirectly owned by the Borrower, and any related power and REC marketing activities for contracted revenues or uncontracted revenues, less Borrower Administrative Costs
for such period; provided, that Net Cash Flow will exclude all Excluded Revenues; provided, further, that, for purposes of the projections set forth in the Base Case Model, Net Cash Flow shall exclude all projected uncontracted
revenues unless a merchant curve generated by the Market Consultant (or other third-party merchant curve reasonably satisfactory to the Administrative Agent) has been delivered to Administrative Agent in respect thereof. 

“Net Cash Proceeds” means with respect to any Extraordinary Receipt, the sale or issuance of any Equity Interest by Borrower,
or the incurrence or issuance of any Indebtedness by Borrower or any of its Subsidiaries, the excess of (i) the sum of the cash and Cash Equivalents received in connection with such transaction or event by the Borrower or any Subsidiary
thereof, as applicable over (ii) the underwriting discounts and commissions (to the extent applicable), and other reasonable and customary out-of-pocket expenses,
incurred by Borrower in connection therewith. 

  
 31 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Non-Consenting Lender” means any
Lender that does not approve any consent, waiver or amendment that (i) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 10.01 and (ii) has been approved by the Required
Lenders. 
 “Non-Defaulting Lender” means, at any time, each Lender that is not a
Defaulting Lender at such time. 
 “Non-Financed Assets” has the meaning given in
Section 1.08(b). 
 “Non-Investment Grade Power Purchaser” means any Power
Purchaser that is not an Investment Grade Power Purchaser. 
 “Non-Investment Grade
Revenues” has the meaning given in Schedule 1.01(F). 
 “Non-Material
Project” means any Project other than a Material Project; provided, that if as of the Initial Project Funding Date for any Project that would otherwise be a Non-Material Project, the difference
between (i) the Maximum Loan Amount, calculated and determined including all such Non-Material Projects and (ii) the Maximum Loan Amount, calculated and determined without reference to such Non-Material Projects exceeds the lesser of (x) 33% of the then-available Revolving Credit Commitments and (y) $165,000,000, such Project shall be deemed a Material Project. 

“Non-U.S. Plan” means any plan, fund or other similar program that (a) is
established or maintained outside the United States by the Borrower or any Subsidiary primarily for the benefit of employees of the Borrower or one or more Subsidiaries residing outside the United States, which plan, fund or other similar program
provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and (b) is not subject to ERISA or the Code. 

“Notice of Borrowing” means (a) a notice of a Revolving Credit Borrowing, (b) a conversion of Loans from one Type
to the other, or (c) a continuation of Adjusted LIBOR Loans, pursuant to Section 2.02(a), which 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 Borrower. 

“O&M Contract” means, with respect to any Project, the primary contract or agreement regarding the operation and
maintenance of such Project, entered into between the applicable Project Company and an O&M Contractor. 
 “O&M
Contractor” means, with respect to any Project, the contractor or operator selected by Borrower with respect to the operation and maintenance for such Project. 

  
 32 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “O&M Costs” means, with respect to any Project, all actual cash
maintenance and operation costs incurred and paid for such Project in any particular calendar or fiscal year or period to which said term is applicable, including payments for local, sales, excise, franchise, real estate or other direct Taxes,
income Taxes of the Borrower (excluding any income Taxes of any Person holding Equity Interests in Borrower), insurance, consumables, payments made in connection with the requirements of any Permit or applicable Law for such Project, payments under
any lease, payments pursuant to the agreements for the management, operation and maintenance of such Project, payments for goods or services provided or rendered to the owner of such Project, including payments under any Project Document (including
any Ordinary Course Settlement Payments under Power Purchase Agreements that are in the form of hedges) or any other contract entered into in accordance with this Agreement (including payments made to cash collateralize obligations with respect to
security required under any contract or any letter of credit related thereto, in each case, up to the applicable amount required by such contract), capital expenditures and other expenses, in each case, solely for operating such Project and
maintaining such Project in good repair and operation condition in accordance with Prudent Industry Practices (and not related to expansion or other build-out of such Project), costs of obtaining any other
materials, supplies, spare parts, utilities or services for the Project, repair and replacement costs for equipment included in the Project, remediation costs in respect of the Project, legal, accounting and consulting fees and expenses paid by the
owner of such Project in connection with the management, maintenance or operation of such Project, fees paid in connection with obtaining, transferring, maintaining or amending any Permits (including amounts paid to cash collateralize obligations
with respect to any Permit or a related letter of credit, in each case, up to the applicable amount required by such Permit or letter of credit provider, as applicable), employee salaries, wages and other expenses, and reasonable general and
administrative expenses, business management and administrative service fees, reasonable expenses to keep the Collateral free and clear of all Liens (other than Permitted Liens), all indemnities and other arrangements providing for the payment of
amounts to independent consultants, counsel and employees in connection with the Indebtedness of the Borrower, and all costs, fees and expenses under any long-term service agreement and any other spare parts agreement, overhaul agreement or
equipment repair or inspection agreement related to mandatory (as opposed to discretionary) maintenance, but exclusive in all cases of non-cash charges, including depreciation or obsolescence charges or
reserves therefor, amortization of intangibles or other bookkeeping entries of a similar nature, and also exclusive of payments of any kind with respect to Debt Service, including all principal, all interest charges, and all commitment fees,
underwriting fees and other similar fees due and payable in connection with the Indebtedness of the owner of such Project, all Restricted Payments of any kind, payments for restoration or repair of such Project to the extent paid or payable with
Extraordinary Receipts or termination payments under any Swap Contracts. 
 “Obligations” means all advances to, and debts,
liabilities, obligations, covenants and duties of, the Borrower arising under any Financing Document or otherwise with respect to any Loan, Letter of Credit, Interest Rate Hedge Agreement, in each case whether direct or indirect (including those
acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against the Borrower or any Affiliate thereof of any proceeding under
any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. 

  
 33 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “OFAC” means the Office of Foreign Assets Control of the United States
Department of the Treasury. 
 “Operating Budget” has the meaning given such term in Section 6.18. 

“Operating Project” means a Project that has achieved Completion. 

“Ordinary Course Settlement Payments” means all regularly scheduled payments due under any Interest Rate Hedge Agreement from
time to time, calculated in accordance with the terms of such Interest Rate Hedge Agreement, as applicable, including “Fixed Rate” payment amounts, but excluding, for the avoidance of doubt any “Settlement
Amounts” or “Termination Payments” due and payable under such Interest Rate Hedge Agreement in connection with an Early Termination Event. 

“Organization Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and
the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or
organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement,
instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles
of formation or organization of such entity. 
 “Other Connection Taxes” means, with respect to any Recipient, Taxes
imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections 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 or enforced any Financing Document, or sold or assigned an interest in any Loan or Financing Documents). 

“Other Funding Date” has the meaning assigned to such term in Section 4.03. 

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to any Financing Document, except any such Taxes
that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Sections 3.06(b) and 10.14). 

“Outstanding Amount” means (a) with respect to Revolving Loans on any date, the aggregate outstanding principal amount
thereof after giving effect to any borrowings and prepayments or repayments of Revolving Loans 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 Borrower of Unreimbursed Amounts. 

  
 34 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Partial Project Sale” means any Project Sale with respect to a portion (but
less than all) of the Equity Interests in any Person, as long as such Person remains a Subsidiary of the Borrower following the consummation of such Project Sale. 

“Participant” has the meaning specified in Section 10.07(d). 

“Participant Register” has the meaning specified in Section 10.07(d). 

“PATRIOT Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001 (USA PATRIOT Act), Pub. L. 107-56. 
 “PBGC” means the
Pension Benefit Guaranty Corporation referred to and defined in ERISA. 
 “Permit” means any permit, license,
authorization, plan, directive, consent order, approval, registration, exemption or consent decree of or from any Governmental Authority. 

“Permitted Liens” has the meaning given such term in Section 7.01. 

“Permitted Tax Distributions” means cash dividends or other distributions declared and paid for the sole purpose of funding
the payments by the direct or indirect owners of the Borrower of the income Taxes owed with respect to their respective allocable shares of the taxable net income for such period of the Borrower, provided that such dividends or other distributions
shall not exceed, in any taxable period, an amount equal to (a) the product of (i) the highest marginal combined income Tax rates then in effect applicable to a corporation resident in Wilmington, Delaware (taking into account the
deductibility of state and local Taxes in computing U.S. Federal income Taxes) and (ii) net taxable income of or allocated to the Borrower for such taxable period, reduced by any net losses or other tax attributes (other than tax credits) of or
allocated to the Borrower carried over from prior periods to the extent not previously taken into account in computing net taxable income under this clause (ii), reduced, but not below zero, by (b) any tax credits of or allocable to the
Borrower and such Subsidiaries for such taxable period and any such tax credits carried over from prior taxable periods to the extent not previously applied to reduce the amount of Permitted Tax Distributions. If the Borrower is classified as an
entity disregarded as separate from its owner for U.S. federal income tax purposes for any taxable period, the Borrower will be treated as a regarded pass-through entity for such taxable period(s) for purposes of calculating Permitted Tax
Distributions.  
 “Permitted Tax Equity Arrangement” means, with respect to any Project, a tax equity
arrangement through a “partnership flip,” “sale leaseback,” “inverted lease” or other structure to be funded pursuant to the applicable Tax Equity Documents, in each case, with a Tax Equity Investor that has long-term
unsecured senior debt obligations rated at least BBB by S&P and at least Baa2 by Moody’s (determined at the time of the Initial Project Funding Date for such Project) 

  
 35 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
or otherwise reasonably acceptable to the Required Lenders, the proceeds of which will be used to repay all or a portion of the Loans made in respect of the Investment Grade Revenues and Non-Investment Grade Revenues to be generated by such Project, which Permitted Tax Equity Arrangement shall not require Borrower or any Subsidiary of the Borrower to issue any parent company guarantees for the
benefit of any Tax Equity Investor, in each case. 
 “Person” means any natural person, corporation, limited liability
company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan” means
an “employee benefit plan” (as defined in section 3(3) of ERISA) subject to Title I of ERISA that is or, within the preceding five years, has been established or maintained, or to which contributions are or, within the preceding five
years, have been made or required to be made, by the Borrower or any ERISA Affiliate or with respect to which the Borrower or any ERISA Affiliate may have any liability. 

“Platform” means DebtDomain, IntraLinks, Syndtrak, ClearPar, or another similar electronic system on which the Borrower
Materials are posted. 
 “Pledge Agreement” means the Pledge Agreement, dated as of the date hereof, by and between
Holdings and the Collateral Agent. 
 “Pledge and Security Agreement” means the Pledge and Security Agreement, dated as of
the date hereof, by and between the Borrower and the Collateral Agent. 
 “Power Purchase Agreement” means, with respect to
any Project, (i) any power purchase, hedge or other revenue arrangement with a Power Purchaser entered into by, or on behalf of, the Project Company with respect to such Project for the sale of, or financial hedge with respect to, electrical
energy and any ancillary services or attributes related thereto, including, if applicable as part of such power purchase, hedge or similar agreement and (ii) any REC Agreement. 

“Pre-Ownership Period” means, with respect to any Subsidiary of the Borrower, the
period prior to the date the Borrower or any of its Affiliates acquired such Subsidiary or Project. 
 “Preferred Stock”
means any class of capital stock (or similar Equity Interests) of a Person that is preferred over any other class of capital stock (or similar Equity Interests) of such Person as to the payment of dividends or the payment of any amount upon
liquidation or dissolution of such Person. 
 “Prime Rate” means the rate of interest quoted in the print edition of The
Wall Street Journal, Money Rates Section as the Prime Rate (currently defined as the base rate on corporate loans posted by at least 75% of the nation’s 30 largest banks), as in effect from time to time. 

“Power Purchaser” means, with respect to any Project, the purchaser (or, in the case of a financial hedge arrangement or
other revenue arrangement, the rate payer or other offtaker) under a Power Purchase Agreement with respect to such Project. 

  
 36 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Project” means a battery storage system or electric generating photovoltaic
system, or combination of the two, including but not limited to photovoltaic panels, racks, wiring and other electrical devices, conduit, weatherproof housings, hardware, one or more inverters, racking systems, remote monitoring systems,
communication systems, connectors, meters, disconnections, battery storage equipment and energy management equipment, but excluding, in each case, any applicable Power Purchaser’s or applicable grid operator’s electrical distribution
equipment. 
 “Project Acquisition” means the acquisition or purchase by the Borrower or any Subsidiary of the Borrower,
directly or indirectly, of any Project (or any Person that, following the consummation of such acquisition or purchase, shall constitute a Project Company).  

“Project Company” means, with respect to any Project, the direct or indirect Subsidiary of the Borrower that directly
develops, constructs, owns and operates, as applicable, such Project in accordance with this Agreement. 
 “Project Costs”
means, with respect to any Project, the cost of the development, design, engineering, acquisition, equipping, construction, assembly, inspection, testing, completion, and start-up of a Project, including,
without duplication: (a) all costs and taxes associated with the acquisition of such Project by the Borrower; (b) all amounts payable under the applicable EPC Contracts and the applicable construction management agreement, site acquisition
and preparation costs, any interconnection and transmission upgrade costs payable by a Project Company pursuant to the applicable Power Purchase Agreement, and all interconnection expenses payable pursuant to the applicable Interconnection
Agreements in respect of such Project; (c) financing, advisory, engineering, accounting, financial, consulting, legal and other fees; (d) principal, interest and fees payable on or in respect of any Letters of Credit issued on behalf of
such Project, in each case, pursuant to this Agreement or the other Financing Documents prior to Completion of such Project; (e) the initial working capital for a Project as included in the applicable Construction Budget; and (f) funding
of the Debt Service Reserve Account up to the Debt Service Reserve Account Required Balance. 
 “Project Date Certain”
means, with respect to any Construction Project, (i) that does not have a Power Purchase Agreement or a Permitted Tax Equity Arrangement, the date which is nine (9) months after the “Scheduled Date for Completion” of such
Construction Project, which “Scheduled Date for Completion” and “Project Date Certain” shall be set forth in the Asset Register for such Project, and (ii) that does have a Power Purchase Agreement or a Permitted Tax Equity
Arrangement, the date on which such Project would become a Cancelled Project pursuant to clauses (b) or (d) of the definition thereof. 

“Project Documents” means, with respect to a Project, any contract to which the applicable Project Company for such Project
is a party (or its direct or indirect parent companies that are or will be Subsidiaries of the Borrower are a party, and in the case of credit support, any other Affiliate of such Project Company), with respect to the development, construction, and
operation and maintenance of, and sales of and transmission of electricity or other assets from, such Project, including all leases, easements, site control and other real property documents, Power Purchase Agreements, Interconnection Agreements,
EPC Contracts (solely with respect to Construction Projects), and O&M Contracts, and any related guarantees or other credit support in connection with any of the foregoing, along with all amendments and supplements thereto. 

  
 37 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Project Funding Certificate” means a certificate substantially in the form
of Exhibit B-1 hereto. 
 “Project Funding Ratio” means, as of any date of
determination, the ratio of (a) the aggregate principal amount of Loans outstanding as of such date, to (b) the aggregate amount of Equity Contributions made to the Borrower or any of its Subsidiaries on or prior to such date. 

“Project L/C Borrowing” means, with respect to any Project, an extension of credit resulting from a drawing under any Letter
of Credit issued with respect to such Project which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing. 

“Project L/C Obligations” means, with respect to any Project, as at any date of determination, the aggregate amount available
to be drawn under all outstanding Letters of Credit issued with respect to such Project (as requested pursuant to such Project’s Project Funding Certificate) plus the aggregate of all Unreimbursed Amounts with respect to such Project,
including all Project L/C Borrowings. For purposes of computing the amount available to be drawn under any such Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. 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, such Letter of Credit shall be deemed to be
“outstanding” in the amount so remaining available to be drawn. 
 “Project Letter of Credit” has the meaning
given to such term in Section 2.03(a). 
 “Project Sale” means the Disposition of all or any portion of the
Equity Interests owned, directly or indirectly, by the Borrower in any Subsidiary of the Borrower, or the sale of all or substantially all of the assets of any such Subsidiary (excluding any such Disposition in connection with a Permitted Tax Equity
Arrangement); provided, however, that any restructuring transaction or series of restructuring transactions involving a Disposition of all or any portion of the Equity Interests owned, directly or indirectly, by the Borrower in any
Subsidiary of the Borrower pursuant to transaction documentation acceptable to the Required Lenders that does not, following the consummation of such transactions, result in a change to the Borrower’s ownership interest on a fully diluted basis
of the aggregate voting and economic interests in such Subsidiary shall not constitute a “Project Sale.” 
 “Project
Schedule” has the meaning given such term in Section 4.02(i)(i). 
 “Provider Default” means, with
respect to the Service Agreement, (a) written notice of termination thereof by the Service Provider, (b) termination thereof by, or resignation by or removal of, the Service Provider, or (c) any other event that with the giving of
notice, passage of time, or both, would result in termination thereof or removal of the Service Provider, in each case subject to cure rights described in Section 8.01(l). 

  
 38 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Prudent Industry Practices” means, with respect to any Project, the
practices, methods, activities and standards of safety adopted by a significant portion of the North American (and, if applicable, such other region in which such Project is located) solar electric utility industry as good practices applicable to
the design, construction, operation, maintenance, repair and use of generating facilities of similar type, size and capacity of such Project with commensurate standards of safety, performance, dependability, efficiency and economy and the practices,
methods of activities which, in the exercise of skill, diligence, prudence, foresight and reasonable judgment by a prudent generator of electricity in light of the facts known at the time the decision was made, could reasonably have been expected to
accomplish the desired result at a reasonable cost consistent with good business practices, reliability, safety, expedition and applicable Laws. “Prudent Industry Practices” are not intended to be limited to the optimum practices, methods,
acts or standards to the exclusion of all others, but rather are intended to delineate acceptable practices, methods, acts or standards generally accepted in the North American (and, if applicable, such other region in which such Project is located)
electric utility industry. 
 “Public Lender” means any Lender that has personnel who do not wish to receive material non-public information with respect to the Borrower or its Affiliates. 
 “Published
LIBOR” means for any Interest Period as to any Adjusted LIBOR Loan, (i) the rate per annum determined by the Administrative Agent to be the offered rate which appears on the page of the Reuters Screen which displays the London
interbank offered rate administered by ICE Benchmark Administration Limited (such page currently being the LIBOR01 page) (the “LIBO Rate”) for deposits (for delivery on the first day of such Interest Period) with a term equivalent
to such Interest Period in Dollars, determined as of approximately 11:00 a.m. (London, England time), two (2) Business Days prior to the commencement of such Interest Period, or (ii) in the event the rate referenced in the preceding clause
(i) does not appear on such page or service or if such page or service shall cease to be available, the rate determined by the Administrative Agent in its reasonable discretion to be the offered rate on such other page or other service which
displays the LIBO Rate for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in Dollars, determined as of approximately 11:00 a.m. (London, England time) two (2) Business Days prior
to the commencement of such Interest Period; provided that if LIBO Rates are quoted under either of the preceding clauses (i) or (ii), but there is no such quotation for the Interest Period elected, the LIBO Rate shall be equal to the
Interpolated Rate; and provided, further, that if any such rate determined pursuant to the preceding clauses (i) or (ii) is less than zero, Published LIBOR will be deemed to be zero. 

“PUHCA” means the Public Utility Holding Company Act of 2005 and the implementing regulations of FERC at 18 C.F.R Part 366.

 “PURPA” means the Public Utility Regulatory Policies Act of 1978 and the implementing regulations of FERC. 

“Qualifying Facility” or “QF” means a qualifying facility under Section 210 of PURPA, and FERC’s
implementing regulations thereof at 18 C.F.R Part 292. 

  
 39 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Qualified Owner” means any Person that has a tangible net worth of at least
$500,000,000 (or has a rating in respect of its senior unsecured and unguaranteed indebtedness or a corporate family rating of at least “BBB-” by S&P or Fitch or “Baa3” by
Moody’s); provided, that prior to any such Person becoming an owner, directly or indirectly, of any Equity Interests in the Borrower, (w) the Administrative Agent shall have received written notice of the proposed acquisition by such
Person of such Equity Interests at least fifteen (15) Business Days prior to such acquisition (the Administrative Agent agreeing that it shall in turn promptly deliver a copy of any such notice to the Lenders), (x) the Administrative Agent
shall have provided to the Borrower within five (5) Business Days of the Administrative Agent’s receipt of such notice, a reasonably detailed description of all documentation and other information reasonably required by the Lenders
pursuant to their respective applicable “know your customer” and anti-money laundering rules and regulations consistently applied in connection with such proposed acquisition, if any, and (y) such Person (either directly or through
the Borrower) shall have provided to the Administrative Agent such requested documentation and other information prior to consummating such acquisition; provided, further, that in no circumstance shall a Blocked Person be a Qualified
Owner. 
 “Qualified Replacement Manager” means any Person that (a) is (or has an Affiliate that is) a past or present
majority owner or operator of one or more solar electric generating facilities that, at the time of determination, are in commercial operation and that have an aggregate generating capacity of at least 400 megawatts or (b) has contracted with
one or more Persons to perform management, operation and maintenance services for the Projects, which are (or have an Affiliate that is), in each case, a past or present majority owner or operator of one or more solar electric generating facilities
that, at the time of determination, are in commercial operation and that have an aggregate generating capacity of at least 300 megawatts. For purposes of calculating percentage ownership by a Person of facilities
co-owned with Tax Equity Investors, the Person who is the managing member with respect to or otherwise owns the controlling interest in such facilities shall be deemed the majority owner thereof. 

“Qualifying Facility” or “QF” means a qualifying facility under Section 210 of PURPA, and FERC’s
implementing regulations thereof at 18 C.F.R. Part 292. 
 “Quarterly Date” means March 31, June 30,
September 30 and December 31 of each year. 
 “Rating Agency” means (a) S&P, Fitch or Moody’s or
(b) any other rating agency that, at the time, is designated as a nationally recognized statistical rating organization by the U.S. Securities and Exchange Commission and has had its ratings accepted by the National Association of Insurance
Commissioners in determining its equivalent rating designations for reporting and reserving purposes and that is acceptable to the Required Lenders (acting reasonably). For the avoidance of doubt, Egan-Jones Ratings shall not be a Rating Agency.

 “REC Agreement” means with respect to any Project, any agreement between a Project Company and a REC Counterparty
relating to the purchase, sale, swap, hedge, or similar arrangement relating to the RECs of such Project. 
 “REC
Counterparty” means, with respect to any Project, the purchaser or offtaker under a REC Agreement with respect to such Project. 

  
 40 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Recipient” means the Administrative Agent, any Lender, any Issuing Bank, or
any other recipient of any payment to be made by or on account of any obligation of the Borrower hereunder. 
 “RECs” means
credits, credit certificates, green tags or similar environmental or green energy attributes (such as those for greenhouse gas reduction or the generation, storage or delivery of green power or renewable energy) created by a Governmental Authority
of any state or local jurisdiction and/or independent certification board or group generally recognized in the electric power generation industry, and generated by or associated with any Project or electricity produced therefrom. 

“Reference Time” with respect to any setting of the then-current Benchmark means (1) if such Benchmark is USD LIBOR,
11:00 a.m. (London time) on the day that is two London banking days preceding the date of such setting, and (2) if such Benchmark is not USD LIBOR, the time determined by the Administrative Agent in its reasonable discretion. 

“Register” has the meaning specified in Section 10.07(c). 

“Regulation D” means Regulation D of the Board of Governors, as in effect from time to time. 

“Regulation T” means Regulation T of the Board of Governors, as in effect from time to time. 

“Regulation U” means Regulation U of the Board of Governors, as in effect from time to time. 

“Regulation X” means Regulation X of the Board of Governors, as in effect from time to time. 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers,
employees, agents, trustees and advisors of such Person and of such Person’s Affiliates. 
 “Release” means any
release, spill, emission, discharge, deposit, disposal, leaking, pumping, pouring, dumping, emptying, injection or leaching into the Environment. 

“Relevant Governmental Body” means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New
York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor thereto. 

“Required Capital Expenditures” means those capital expenditures (a) reasonably believed by Borrower in its good faith
judgment to be required to be expended in order to prevent or mitigate an emergency situation involving endangerment of life, human health, safety or the environment or damage to property, (b) incurred for the purpose of permitting the Borrower
or any Subsidiary to comply with applicable Law, Permits or any contract, or (c) otherwise deemed reasonably 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
prudent by the Borrower in its good faith judgment; provided, that, in the case of this clause (c), if such capital expenditures are made with Loan proceeds in an amount (x) in the
case of any Material Project, that together with other expenditures for such Project made pursuant to this clause (c) would cause costs for such Project to exceed 10% of the costs set forth in the Construction Budget for such Project or
allocable to such Project in the Operating Budget or (y) in the case of any Non-Material Project, that together with other expenditures for such Project made pursuant to this clause (c) would cause
costs for such Project to exceed 15% of the costs set forth in the Construction Budget for such Project or allocable to such Project in the Operating Budget, such expenditures shall be subject to the prior, written approval by the Independent
Engineer, which approval shall be delivered by or on behalf of Borrower to the Administrative Agent. 
 “Required
Insurance” has the meaning set forth in Section 6.07. 
 “Required Lenders” means, at any time,
Lenders holding more than 66.67% of the sum of the (a) Total Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations being deemed “held” by such
Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or
deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 
 “Required
Revolving Lenders” means, as of any date of determination, Revolving Credit Lenders holding more than 66.67% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s
risk participation and funded participation in L/C Obligations being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused
Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders. 

“Reserve Letter of Credit” has the meaning given to such term in Section 2.03(a). 

“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution
Authority. 
 “Responsible Officer” means, as to any Person, the president, the chief executive officer, any vice
president, the treasurer, the secretary, any assistant secretary, any managing general partner, any managing member of such Person or of any managing general partner or any managing member of such Person, or any authorized representative of such
Person. 
 “Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property)
with respect to any capital stock or other Equity Interest of any Person or any of its Subsidiaries, including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or
termination of any such capital stock or other Equity Interest, or on account of any return of capital to any Person’s stockholders, partners or members (or the equivalent of any thereof), or any option, warrant or other right to acquire any
such dividend or other distribution or payment. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Revenue Account” means, with respect to the Borrower, the Account by such
name established for the Borrower pursuant to the Depositary Agreement. 
 “Revolving Credit Borrowing” means a borrowing
consisting of simultaneous Revolving Loans of the same Type and, in the case of Adjusted LIBOR Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01. 

“Revolving Credit Commitment” means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Loans to
the Borrower pursuant to Section 2.01 and (b) purchase participations in L/C Obligations, 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 under the caption “Revolving Credit Commitment” or opposite such caption 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. 
 “Revolving Credit Exposure” means, as to any Lender at any time, the aggregate
principal amount at such time of its outstanding Revolving Loans and such Lender’s obligation to purchase participations in L/C Obligations at such time. 

“Revolving Credit Facility” means, at any time, the aggregate amount (without duplication) of the Revolving Credit
Lenders’ Revolving Credit Commitments and Revolving Loans at such time. 
 “Revolving Credit Lender” means, at any
time, any Lender that has a Revolving Credit Commitment at such time. 
 “Revolving Credit Note” means a promissory note
made by the Borrower in favor of a Revolving Credit Lender evidencing Revolving Loans, as the case may be, made by such Revolving Credit Lender, substantially in the form of Exhibit C. 

“Revolving Loan” has the meaning specified in Section 2.01. 

“S&P” means Standard & Poor’s Financial Services LLC and any successor thereto. 

“Scheduled Maturity Date” means the fifth anniversary of the Closing Date; provided, however, that, in each
case, if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day. 
 “SEC” means the
Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions. 
 “Secured
Parties” means, collectively, the Administrative Agent, the Collateral Agent, the Depositary Bank, the Lenders, the Issuing Banks, the Hedge Banks, and the other Persons the Obligations owing to which are or are purported to be secured by
the Collateral under the terms of the Collateral Documents. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “Semiannual Payment Date” means June 30 and December 31 of each
year. 
 “Service Agreement” means that certain Management Services Agreement, dated as of February 9, 2018, between
the Sponsor and the Service Provider. 
 “Service Provider” means Goldman Sachs Asset Management, L.P., a Delaware limited
partnership. 
 “SOFR” means, with respect to any Business Day, a rate per annum equal to the secured overnight financing
rate for such Business Day published by the SOFR Administrator on the SOFR Administrator’s Website on the immediately succeeding Business Day. 

“SOFR Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight
financing rate). 
 “SOFR Administrator’s Website” means the website of the Federal Reserve Bank of New York,
currently at http://www.newyorkfed.org, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time. 

“Solvent” and “Solvency” mean, with respect to any Person on any date of determination, that on such date
(a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the
amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such
Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would constitute
an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall
be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

“Sponsor” means Goldman Sachs Renewable Power LLC, a Delaware limited liability company. 

“Sponsor Equity Commitment” means a Sponsor Equity Commitment Agreement from the Sponsor in favor of the Borrower and the
Collateral Agent, which is entered into in anticipation of a Permitted Tax Equity Arrangement that is not yet effective and provides for Sponsor’s obligation to contribute committed capital upon demand, and substantially in the form set forth
in Exhibit S. 
 “State Electric Utility Regulations” has the meaning specified in Section 5.19(f). 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “State Sanctions List” means a list that is adopted by any state
Governmental Authority within the United States of America pertaining to Persons that engage in investment or other commercial activities in Iran or any other country that is a target of economic sanctions imposed under Economic Sanctions Laws. 

“Subsequent Project Funding Date” has the meaning assigned to such term in Section 4.03. 

“Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or other business entity
of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a
contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a
“Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of Borrower. For the avoidance of doubt, with respect to any Project that is subject to a Permitted Tax Equity Arrangement, (i) the
Person (if any) that is the partnership in which the applicable Tax Equity Investor and the Borrower or its Subsidiary are invested, and which owns, directly or indirectly, the applicable Project Company and (ii) such Project Company shall, in
each case of the foregoing clauses (i) and (ii), be Subsidiaries of the Borrower. 
 “Swap Contract” means any and all
interest rate swap or option transactions, basis swaps, forward rate transactions, commodity swaps, commodity options, foreign exchange swap or option 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, in each case 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; provided, however, that no Power Purchase Agreement shall constitute a “Swap Contract” hereunder. 

“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). 

“Synthetic Debt” means, with respect to any Person as of any date of determination thereof, all obligations of such Person in
respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds but are not otherwise included in the definition of “Indebtedness” or as a liability on the consolidated balance sheet of
such Person and its Subsidiaries in accordance with GAAP. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “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). 
 “Tax Equity Buyout Exercise” has the meaning specified in Section 7.03(j).

 “Tax Equity Documents” means, with respect to a Project, any contract to which the applicable Project Company or any
other Subsidiary of the Borrower that directly or indirectly owns such Project is a party (and in the case of credit support, to which any other Affiliate of such Project Company is a party) entered into with or for the benefit of any Tax Equity
Investor, including any equity capital contribution agreement, membership interest purchase agreement, limited liability company agreement, any lease, rental schedule or other agreement required in connection with a “sale leaseback” or
“inverted lease” transaction, and any related guarantees or other credit support in connection with any of the foregoing, along with all amendments and supplements thereto. 

“Tax Equity Investor” means, with respect to any Project, any Person (including, in the case of an investor, its parent
company guaranteeing such investor’s applicable obligations under the relevant Tax Equity Documents) that is the provider of capital contributions pursuant to a tax equity arrangement through a “partnership flip,” “sale
leaseback,” “inverted lease” or other structure. 
 “Tax-Exempt Person”
means: 
 (a) a Person that is a “tax-exempt entity” (except to the extent the
exception under Section 168(h)(1)(D) or Section 168(h)(2)(B) of the Code applies with respect to the income from the applicable Projects for that Person) or a “tax-exempt controlled entity”
(other than a “tax-exempt controlled entity” that has made the election provided by Section 168(h)(6)(F)(ii) of the Code) within the meaning of Section 168(h) of the Code; 

(b) a Person described in Section 50(b)(3) or 50(b)(4) of the Code; 

(c) a Person that is described in Treasury Regulations Section 1.48-4(a)(1)(v); or 

(d) a Person that is for U.S. federal income tax purposes an entity disregarded as separate from its owner or a partnership a direct or
indirect owner of a beneficial interest in which is a “tax-exempt entity,” or a “tax-exempt controlled entity” described in clause (a), or a Person
that is described in Treasury Regulations Section 1.48-4(a)(1)(v), unless such “tax-exempt entity,”
“tax-exempt controlled entity” or Person that is described in Treasury Regulations Section 1.48-4(a)(1)(v) holds such interest for U.S. federal income tax
purposes through a taxable C Corporation (as defined in the Code) that either (i) is not a “tax-exempt controlled entity” within the meaning of Section 168(h) of the Code or (ii) is
not treated as a “tax-exempt controlled entity” under Section 168(h)(6)(F) of the Code because it has made an election under Section 168(h)(6)(F)(ii) of the Code. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

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

“Term SOFR” means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate
based on SOFR that has been selected or recommended by the Relevant Governmental Body. 
 “Term SOFR Notice” means a
notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Transition Event. 
 “Term
SOFR Transition Event” means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the
Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting in the replacement of the then-current Benchmark for all purposes
hereunder and under any Financing Document in accordance with Section 3.03 with a Benchmark Replacement that is not comprised of Term SOFR. 

“Total Credit Exposure” means, as to any Lender at any time, the unused Revolving Credit Commitments and Revolving Credit
Exposure of such Lender at such time. 
 “Total Revolving Credit Outstandings” means the aggregate Outstanding Amount of
all Revolving Loans and L/C Obligations for each Project. 
 “Total Outstandings” means the aggregate Outstanding Amount of
all Loans and all L/C Obligations. 
 “Transaction Documents” means the Acquisition Documents, the Material Project
Documents, and the Tax Equity Documents. 
 “Type” means, with respect to a Loan, its character as an ABR Loan or an
Adjusted LIBOR Loan. 
 “UCC” means the Uniform Commercial Code as in effect in the State of New York provided that,
if perfection or the effect of perfection or non-perfection or the priority of any security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the
State of New York, “UCC” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or priority. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 “UK Financial Institution” means any BRRD Undertaking (as such term is
defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United
Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for
the resolution of any UK Financial Institution. 
 “Unadjusted Benchmark Replacement” means the applicable Benchmark
Replacement excluding the related Benchmark Replacement Adjustment. 
 “United States” and “U.S.” mean the
United States of America. 
 “Unreimbursed Amount” has the meaning specified in Section 2.03(c)(i). 

“USD LIBOR” means the London interbank offered rate for U.S. dollars. 

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

 “U.S. Special Resolution Regime” has the meaning specified in Section 10.22. 

“U.S. Tax Compliance Certificate” has the meaning specified in Section 3.01(f)(ii)(B)(3). 

“Withholding Agent” means the Borrower and the Administrative Agent. 

“Write-Down and Conversion Powers” means (a) with respect to any EEA Resolution Authority, the write-down and conversion
powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel,
reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any
other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that
Bail-In Legislation that are related to or ancillary to any of those powers. 
 1.02 Other
Interpretive Provisions. With reference to this Agreement and each other Financing Document, unless otherwise specified herein or in such other Financing 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 

  
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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, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Financing Document), (ii) any reference
herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words “hereto,” “herein,” “hereof” and “hereunder,” and words of similar import when used in any
Financing Document, shall be construed to refer to such Financing Document in its entirety and not to any particular provision thereof, (iv) all references in a Financing Document to Articles, Sections, Recitals, Exhibits and Schedules shall be
construed to refer to Articles and Sections of, and Recitals, Exhibits and Schedules to, the Financing 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, 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 Financing Documents are included for convenience of reference only and shall not affect the
interpretation of this Agreement or any other Financing Document. 
 (d) For all purposes under the Financing Documents, in connection with
any division or plan of division by the Borrower under Section 18-217 of Title 6 of the Delaware Code: (i) if any asset, right, obligation or liability of the Borrower becomes the asset, right,
obligation or liability of a different Person, then it shall be deemed to have been transferred from the Borrower to the subsequent Person and (ii) if any new Person comes into existence, such new Person shall be deemed to have been organized
on the first date of its existence by the holders of its Equity Interests at such time. 
 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, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as
otherwise specifically prescribed herein. Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Borrower 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;
provided, however, that this sentence shall not apply in connection with any provision where the term “Solvent” or “Solvency” is used herein, in any Financing Document. 

  
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 (b) Changes in GAAP. If at any time any change in GAAP (including the adoption of
IFRS) would affect the computation of any financial ratio or requirement set forth in any Financing Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the 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, (A) such ratio or requirement shall
continue to be computed in accordance with GAAP prior to such change therein and (B) the 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. Without limiting the foregoing, leases shall continue to be classified and accounted for
on a basis consistent with that reflected in the Audited Financial Statements for all purposes of this Agreement, notwithstanding any change in GAAP relating thereto, unless the parties hereto shall enter into a mutually acceptable amendment
addressing such changes, as provided for above. 
 (c) Consolidation of Variable Interest Entities. All references herein to
consolidated financial statements of Borrower and its Subsidiaries or to the determination of any amount for Borrower and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable
interest entity that Borrower is required to consolidate pursuant to FASB ASC 810 as if such variable interest entity were a Subsidiary as defined herein. 

1.04 Rounding. Any financial ratios required to be maintained by the Borrower 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; Rates. Unless otherwise
specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable). 
 The
Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “Adjusted
LIBOR” or with respect to any comparable or successor rate thereto. 
 1.06 Letter of Credit Amounts. Unless otherwise specified
herein, the amount of a Letter of Credit at any time shall be deemed to be the available amount of such Letter of Credit in effect at such time. 

1.07 [Reserved]. 
 1.08
Certain Transactions. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (a) From and after the date of any Project Sale (other than any Partial Project Sale) and the
Borrower having made any prepayment of the Obligations as required under the terms of this Agreement, (a) the applicable Subsidiary shall cease to be a Subsidiary, and the applicable Project Company shall be deemed not to be a Project Company,
(b) the relevant Project shall be deemed not to be a Project, (c) the equity in and assets of such Subsidiary and its Subsidiaries and other Investments shall be deemed not to be part of the Collateral (and any Liens thereon granted under
the Collateral Documents shall be automatically released), and (d) any breaches, defaults or Events of Default under any Financing Document that relate to such Subsidiaries or Project shall be deemed cured. 

(b) Notwithstanding anything to the contrary herein, to the extent Borrower directly or indirectly owns Persons or Projects with respect to
which either no Loans have been borrowed or no Loans remain outstanding (“Non-Financed Assets”), Borrower makes no representations regarding such
Non-Financed Assets (other than pursuant to Sections 5.11, 5.13, 5.15, 5.17, 5.19, 5.23, 5.24 and 5.28) and shall have no obligations hereunder to cause
such Non-Financed Assets to take or refrain from taking any action (other than pursuant to Sections 6.08, 6.14, 6.16, 6.23, 7.18 and 7.21); provided, that
Borrower shall, and shall cause its Subsidiaries, to own and operate such Non-Financed Assets in a manner that does not adversely affect any of Borrower’s Subsidiaries or any Projects that are not Non-Financed Assets. 
 ARTICLE II 

COMMITMENTS AND CREDIT EXTENSIONS 

2.01 The Revolving Loans. Subject to the terms and conditions set forth herein, each Revolving Credit Lender severally agrees to make
loans for each Project (each such loan, a “Revolving Loan”) to the Borrower 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 such
Lender’s Revolving Credit Commitment; provided, however, that no more than one Revolving Credit Borrowing may be made in any calendar month unless the Borrower certifies that an additional Revolving Credit Borrowing is necessary
in connection with any Acquisition Documents or any immediate Project needs, in which case one additional Revolving Credit Borrowing may be made in such calendar month; provided, further, that after giving effect to each Revolving
Credit Borrowing, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Commitment, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Revolving Credit Lender’s Revolving Credit
Commitment. Within the limits of each Revolving Credit Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under
Section 2.04, and reborrow under this Section 2.01. Revolving Loans may be ABR Loans or Adjusted LIBOR Loans, as further provided herein. Revolving Loan proceeds shall be disbursed as directed pursuant to any letter of
direction delivered by the Borrower in accordance with Section 4.02(o) or Section 4.03(h) (as applicable) or, absent any such letter of direction, deposited into the Revenue Account.  

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 2.02 Borrowings, Conversions and Continuations of Revolving Loans. (a) Each
Revolving Credit Borrowing, each conversion of Revolving Loans from one Type to the other, and each continuation of Adjusted LIBOR Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by
(A) telephone, or (B) a Notice of Borrowing; provided that any telephone notice must be confirmed immediately by delivery to the Administrative Agent of a Notice of Borrowing. Each such Notice of Borrowing must be received by the
Administrative Agent not later than (i) 1:00 p.m. three (3) Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Adjusted LIBOR Loans or of any conversion of Adjusted LIBOR Loans to ABR Loans, and (ii)
11:00 a.m. two (2) Business Days prior to the requested date of any Borrowing of ABR Loans. 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 Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lenders. Each Borrowing of, conversion to or continuation of Adjusted LIBOR Loans shall be in a principal amount of
$5,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as provided in Section 2.03(c), each Borrowing of or conversion to ABR Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess
thereof. Each Notice of Borrowing shall specify (i) whether the Borrower is requesting a Revolving Credit Borrowing, a conversion of Revolving Loans from one Type to the other, or a continuation of Adjusted LIBOR 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 Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Revolving
Loans are to be converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify a Type of Loan in a Notice of Borrowing, then the applicable Revolving Loans shall be made as, or converted
to, ABR Loans or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Revolving Loans shall be made as, or converted to, Adjusted LIBOR Loans with an Interest Period of one month. Any such
automatic conversion shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Adjusted LIBOR Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of Adjusted LIBOR Loans in
any such Notice of Borrowing, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. 

(b) Following receipt of a Notice of Borrowing, the Administrative Agent shall promptly notify each Lender of the amount of its Applicable
Percentage of the Revolving Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to ABR Loans described in
Section 2.02(a). In the case of a Revolving Credit Borrowing, each Appropriate Lender shall make the amount of its 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 Notice of Borrowing. Upon satisfaction of the applicable conditions set forth in (i) with respect to Revolving Loans to be drawn on the Initial Project Funding Date with
respect to a Project, Section 4.02, or (ii) with respect to Revolving Loans to be drawn on a Subsequent Project Funding Date with respect to such Project, Section 4.03, the Administrative Agent shall disburse the
proceeds of such Revolving Loans as directed pursuant to any letter of direction delivered by the Borrower in accordance with Section 4.02(o) or Section 4.03(h) (as applicable) or, absent any such letter of direction, deposit
such proceeds into the Revenue Account; provided, however, that if, on the date a Notice of Borrowing with respect to a Revolving Credit Borrowing is given by the Borrower, there are L/C Borrowings outstanding, then the proceeds of
such Revolving Credit Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to the Borrower as provided above. 

  
 52 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

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

(d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest Period for
Adjusted LIBOR Loans upon determination of such interest rate. 
 (e) At the request of the Borrower, the Administrative Agent and the
Lenders shall reasonably cooperate in minimizing the number of Interest Periods outstanding and in consolidating such Interest Periods and scheduled payment dates. After giving effect to all Revolving Credit Borrowings, all conversions of Revolving
Loans from one Type to the other, and all continuations of Revolving Loans as the same Type, there shall not be more than six Interest Periods in effect in respect of the Revolving Credit Facility. 

(f) Notwithstanding anything to the contrary in this Agreement, any Lender may exchange, continue or rollover all of the portion of its Loans
in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved by the Borrower, the Administrative Agent, and such Lender. 

2.03 Letters of Credit. 

(a) The Letter of Credit Commitment. 

(i) Subject to the terms and conditions set forth herein, (A) each Issuing Bank agrees, in reliance upon the agreements of
the Revolving Credit Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue one or more (x) letters of credit
(in the applicable amount set forth opposite its name on Schedule 2.01, subject to the Letter of Credit Sublimit) provided to the Collateral Agent to satisfy the then-current Debt Service Reserve Account Required Balance on behalf of Borrower
in the form provided in Exhibit U (each such letter of credit, a “Reserve Letter of Credit”), and (y) standby letters of credit providing for the payment of cash upon the honoring of a presentation thereunder (in the
applicable amount set forth opposite its name on Schedule 2.01, subject to the Letter of Credit Sublimit) for the account of the Borrower or its Subsidiaries (each such letter of credit, a “Project Letter of Credit”), and in each
case to amend or extend Letters of Credit previously issued by it, in accordance with Section 2.03(b), and (2) to honor drawings under the Letters of Credit; and (B) the Revolving Credit Lenders severally agree to participate
in Letters of Credit issued for the account of the Borrower or its Subsidiaries and any drawings thereunder; provided that after giving effect to any L/C Credit Extension, (x) the Total Revolving Credit

  
 53 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Outstandings shall not exceed the Revolving Credit Commitment, (y) the Revolving Credit
Exposure of any Lender shall not exceed such Lender’s Revolving Credit Commitment, and (z) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit. Each request by the Borrower for the issuance or
amendment of a Letter of Credit shall be deemed to be a representation by the Borrower 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 Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower 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) Each Issuing Bank shall not issue any Letter of Credit if:

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

(B) the conditions in Section 4.04 have not been satisfied; or 

(C) the expiry date of the requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the
Revolving Credit Lenders and the Issuing Banks have approved such expiry date. 
 (iii) Each Issuing Bank shall not be under
any obligation to issue any Letter of Credit if: 
 (A) any order, judgment or decree of any Governmental Authority or
arbitrator shall by its terms purport to enjoin or restrain such Issuing Bank from issuing the Letter of Credit, or any Law applicable to such Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental
Authority with jurisdiction over such Issuing Bank shall prohibit, or request that such Issuing Bank refrain from, the issuance of letters of credit generally or the Letter of Credit in particular (including, but not limited to, as a result of
Economic Sanctions Laws); 
 (B) (1) the beneficiary of such Letter of Credit is a Blocked Person or (2) the
issuance of the Letter of Credit would violate one or more policies of such Issuing Bank applicable to letters of credit generally; 

(C) except as otherwise agreed by the Administrative Agent and such Issuing Bank, the Letter of Credit is in an initial stated
amount less than $50,000; 
 (D) the Letter of Credit is to be denominated in a currency other than Dollars; or 

  
 54 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (E) solely with respect to a Letter of Credit not issued on a ratable basis
in accordance with Section 2.03(b)(vi), any Revolving Credit Lender is at that time a Defaulting Lender, unless such Issuing Bank has entered into arrangements, including the delivery of Cash Collateral, satisfactory to such Issuing Bank
with the Borrower or such Lender to eliminate such Issuing Bank’s actual or potential Fronting Exposure (after giving effect to Section 2.15(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then
proposed to be issued or that Letter of Credit and all other L/C Obligations as to which such Issuing Bank has actual or potential Fronting Exposure. 

(iv) Each Issuing Bank shall not amend any Letter of Credit if such Issuing Bank would not be permitted at such time to issue
the Letter of Credit in its amended form under the terms hereof. 
 (v) Each Issuing Bank shall be under no obligation to
amend any Letter of Credit if (A) such Issuing Bank would have no obligation at such time to issue the Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of the Letter of Credit does not accept the proposed
amendment to the Letter of Credit. 
 (vi) Each Issuing Bank shall act on behalf of the Revolving Credit Lenders with respect
to any Letters of Credit issued by it and the documents associated therewith, and each Issuing Bank 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 Issuing Bank 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 Issuing Bank with respect to such acts or omissions, and (B) as additionally provided herein with respect to each Issuing Bank. 

(b) Issuance and Amendment of Letters of Credit. 

(i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to each
Issuing Bank (with a copy to the Administrative Agent) in the form of a Letter of Credit Notice and Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. Such Letter of Credit Notice and Letter of
Credit Application may be sent by facsimile, by United States mail, by overnight courier, by electronic transmission using the system provided by each Issuing Bank, by personal delivery or by any other means acceptable to each Issuing Bank. Such
Letter of Credit Notice and Letter of Credit Application must be received by each Issuing Bank and the Administrative Agent not later than 1:00 p.m. at least two (2) Business Days (or such later date and time as the Administrative Agent and
each Issuing Bank 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 Notice and Letter of Credit Application shall specify in form and detail satisfactory to the applicable Issuing Bank: 

  
 55 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (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; (G) the purpose and nature of the requested Letter of Credit; and (H) such other matters as each Issuing Bank may reasonably require. In the case of a
request for an amendment of any outstanding Letter of Credit, such Letter of Credit Notice and Letter of Credit Application shall specify in form and detail satisfactory to each Issuing Bank (1) the Letter of Credit to be amended; (2) the
proposed date of amendment thereof (which shall be a Business Day); (3) the nature of the proposed amendment; and (4) such other matters as each Issuing Bank may require. Additionally, the Borrower shall furnish to each Issuing Bank and the
Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as each Issuing Bank or the Administrative Agent may reasonably require. 

(ii) Promptly after receipt of any Letter of Credit Notice and Letter of Credit Application, each Issuing Bank will confirm
with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Notice and Letter of Credit Application from the Borrower and, if not, such Issuing Bank will provide the
Administrative Agent with a copy thereof. Unless such Issuing Bank has received written notice from any Revolving Credit Lender, any other Issuing Bank, the Administrative Agent or the Borrower, at least one (1) 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, such Issuing Bank shall,
on the requested date, issue a Letter of Credit for the account of the Borrower (or the applicable Subsidiary) or enter into the applicable amendment, as the case may be, in each case in accordance with such Issuing Bank’s usual and customary
business practices. Immediately upon the issuance of each Letter of Credit, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from each Issuing Bank a risk participation in such Letter of
Credit in an amount equal to the product of such Revolving Credit Lender’s Applicable Revolving Credit Percentage times the amount of such Letter of Credit. 

(iii) If the Borrower so requests in any applicable Letter of Credit Notice and Letter of Credit Application, each Issuing Bank
may, in its discretion, agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter of Credit must permit such Issuing
Bank to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such 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 Letter of Credit is issued. Unless otherwise directed by the such Issuing Bank, the Borrower shall not be
required to make a specific request to such Issuing Bank for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Revolving Credit Lenders shall be deemed to have 

  
 56 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
authorized (but may not require) each Issuing Bank to permit the extension of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date;
provided, however, that such Issuing Bank shall not permit any such extension if (A) such Issuing Bank has determined that it would not be permitted, or would have no obligation at such time to issue such Letter of Credit in its
revised form (as extended) under the terms hereof (by reason of the provisions of clause (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 seven (7) Business Days before the Non-Extension Notice Date (1) from the Administrative Agent that the Required Revolving Lenders have elected not to permit such extension
in accordance with the terms hereof or (2) from the Administrative Agent, any Revolving Credit Lender or the Borrower that one or more of the applicable conditions specified in Section 4.04 is not then satisfied, and in each such
case directing such Issuing Bank not to permit such extension. 
 (iv) If the Borrower so requests in any applicable Letter
of Credit Notice and Letter of Credit Application, each Issuing Bank may, in its discretion, agree to issue a Letter of Credit that permits the automatic reinstatement of all or a portion of the stated amount thereof after any drawing thereunder
(each, an “Auto-Reinstatement Letter of Credit”). Unless otherwise directed by any Issuing Bank, the Borrower shall not be required to make a specific request to such Issuing Bank to permit such reinstatement. Once an
Auto-Reinstatement Letter of Credit has been issued, except as provided in the following sentence, the Revolving Credit Lenders shall be deemed to have authorized (but may not require) such Issuing Bank to reinstate all or a portion of the stated
amount thereof in accordance with the provisions of such Letter of Credit. Notwithstanding the foregoing, if such Auto-Reinstatement Letter of Credit permits the applicable Issuing Bank to decline to reinstate all or any portion of the stated amount
thereof after a drawing thereunder by giving notice of such non-reinstatement within a specified number of days after such drawing (the “Non-Reinstatement
Deadline”), such Issuing Bank shall not permit such reinstatement if it has received a notice (which may be by telephone or in writing) on or before the day that is seven (7) Business Days before the
Non-Reinstatement Deadline (A) from the Administrative Agent that the Required Revolving Lenders have elected not to permit such reinstatement or (B) from the Administrative Agent, any Lender or the
Borrower that one or more of the applicable conditions specified in Section 4.04 is not then satisfied (treating such reinstatement as an L/C Credit Extension for purposes of this clause) and, in each case, directing such Issuing Bank
not to permit such reinstatement. 
 (v) 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, each Issuing Bank will also deliver to the Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. 

(vi) The Borrower shall use commercially reasonable efforts to cause Letters of Credit to be issued on a ratable basis with
respect to each Issuing Bank’s Applicable Revolving Credit Percentage; provided, however, that such ratable issuance shall not be required if (i) the stated amount of any such Letter of Credit is less than $1,000,000 or (ii)
the beneficiary is not willing to accept the same despite the Borrower’s use of commercially reasonable efforts, as certified by the Borrower. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (vii) In the event that more than one Letter of Credit is issued and
outstanding in favor of the same beneficiary and for the same purpose, the following provisions shall apply to such Letters of Credit: 

(A) Unless the context requires otherwise, references herein to any such Letter of Credit shall refer to any and all such
Letters of Credit then available to be drawn upon. 
 (B) Borrower shall use commercially reasonable efforts to instruct each
applicable beneficiary receiving more than one Letter of Credit to draw on each such Letter of Credit on a ratable basis; provided, that any reference herein or in any other Financing Document to any drawing on such Letters of Credit shall
mean the proportion in which such Letters of Credit were actually drawn if not drawn ratably. 
 (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 Issuing Bank shall promptly notify the Borrower and the Administrative Agent of a demand
for payment thereunder. Not later than 4:00 p.m. on or before the date of any payment by any Issuing Bank under a Letter of Credit (each such date, an “Honor Date”), the Borrower shall reimburse such Issuing Bank through the
Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so reimburse such Issuing Bank by such time, the Administrative Agent shall promptly notify each Revolving Credit Lender of the Honor Date, the amount of
the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Revolving Credit Lender’s Applicable Revolving Credit Percentage thereof. In such event, so long as no Event of Default has occurred and is
continuing, the Borrower shall be deemed to have requested a Revolving Credit Borrowing of ABR Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in
Section 2.02(a) for the principal amount of ABR Loans, but subject to the amount of the unutilized portion of the Revolving Credit Commitments and the conditions set forth in Section 4.04 (other than the delivery of a Notice of
Borrowing). Any notice given by such Issuing Bank 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 Revolving Credit Lender shall
upon any notice pursuant to Section 2.03(c)(i) make funds available (and the Administrative Agent may apply Cash Collateral provided for this purpose) for the account of the applicable Issuing Bank at the Administrative Agent’s
Office in an amount equal to its Applicable Revolving Credit Percentage of the Unreimbursed Amount not later than 11:00 a.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 Revolving Credit Lender that so makes funds available shall be deemed to have made an ABR Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to such Issuing Bank.

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (iii) With respect to any Unreimbursed Amount that is not fully refinanced by
a Revolving Credit Borrowing of ABR Loans, the Borrower shall be deemed to have incurred from the applicable Issuing Bank an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall bear interest at
the rate for ABR Loans (unless an Event of Default is continuing, in which case such L/C Borrowing shall bear interest at the Default Rate and shall be due and payable on demand (together with interest)). In such event, each Revolving Credit
Lender’s payment to the Administrative Agent for the account of such Issuing Bank 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 Loan from
such Lender in satisfaction of its participation obligation under this Section 2.03. 
 (iv) Until each Revolving
Credit Lender funds its L/C Loan pursuant to this Section 2.03(c) to reimburse the applicable Issuing Bank for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Applicable Revolving Credit Percentage
of such amount shall be solely for the account of such Issuing Bank. 
 (v) Each Revolving Credit Lender’s obligation to
make L/C Loans to reimburse each Issuing Bank for amounts drawn under Letters of Credit, 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 any Issuing Bank, the 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. 
 (vi) If any Revolving Credit Lender fails
to make available to the Administrative Agent for the account of any Issuing Bank 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), then, without limiting the other provisions of this Agreement, such Issuing Bank 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 Issuing Bank at a rate per annum equal to the greater of the Federal Funds Effective Rate and a rate determined by such Issuing
Bank in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by such Issuing Bank in connection with the foregoing. If such Lender pays such amount (with interest
and fees as aforesaid), the amount so paid shall constitute an L/C Loan in respect of the relevant L/C Borrowing. A certificate of such Issuing Bank submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to any
amounts owing under this Section 2.03(c)(vi) shall be conclusive absent manifest error. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (d) Repayment of L/C Loans. 

(i) Except as otherwise provided herein, each payment of principal and interest on L/C Loans shall be made or shared among the
Revolving Credit Lenders holding such L/C Loans pro rata according to the respective unpaid principal amounts of such L/C Loans held by such Revolving Credit Lenders. 

(ii) At any time after any Issuing Bank has made a payment under any Letter of Credit and has received from any Revolving
Credit Lender such Lender’s L/C Loan in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such Issuing Bank any payment in respect of the related Unreimbursed Amount
or interest thereon (whether directly from the Borrower or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Applicable Revolving Credit
Percentage thereof in the same funds as those received by the Administrative Agent. If any payment received by the Administrative Agent for the account of any Issuing Bank pursuant to Section 2.03(c)(i) is required to be returned under
any of the circumstances described in Section 10.06 (including pursuant to any settlement entered into by such Issuing Bank in its discretion), each Revolving Credit Lender shall pay to the Administrative Agent for the account of such
Issuing Bank its Applicable Revolving Credit 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 Effective 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. 

(iii) The Borrower shall repay to the applicable Lenders on the Maturity Date for the Revolving Credit Facility the aggregate
principal amount of all L/C Loans outstanding on such date. 
 (e) Obligations Absolute. The obligation of the Borrower to reimburse
each Issuing Bank 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
Financing Document, or any Project Document; 
 (ii) the existence of any claim, counterclaim, setoff, defense or other right
that the Borrower 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), any Issuing Bank 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; 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (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) waiver by each Issuing Bank of any requirement that exists for such
Issuing Bank’s protection and not the protection of the Borrower or any waiver by such Issuing Bank which does not in fact materially prejudice the Borrower; 

(v) honor of a demand for payment presented electronically even if such Letter of Credit requires that demand be in the form of
a draft; 
 (vi) any payment made by any Issuing Bank in respect of an otherwise complying item presented after the date
specified as the expiration date of, or the date by which documents must be received under such Letter of Credit if presentation after such date is authorized by the ISP; 

(vii) any payment by any Issuing Bank 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 Issuing Bank 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; or 
 (viii) 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 Borrower or any of its Subsidiaries; 

provided, in each case, that payment by any Issuing Bank under the applicable Letter of Credit shall not have constituted gross negligence or willful
misconduct of such Issuing Bank under the circumstances in question as determined by a final, non-appealable judgment of a court of competent jurisdiction. 

The 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 Borrower’s instructions or other irregularity with respect to the form of such Letter of Credit or amendment thereto, the Borrower will immediately notify the applicable Issuing Bank. The Borrower shall be
conclusively deemed to have waived any such claim against each Issuing Bank and its correspondents unless such notice is given as aforesaid. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (f) Role of Issuing Bank. Each Lender and the Borrower agree that, in paying any
drawing under a Letter of Credit, each Issuing Bank shall not 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 the Issuing Banks, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or
assignee of any Issuing Bank 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 Revolving Credit Lenders or the Required Revolving Lenders, as applicable;
(ii) any action taken or omitted in the absence of gross negligence or willful misconduct, as determined by a final, non-appealable judgment of a court of competent jurisdiction; or (iii) the due
execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document. The Borrower hereby assumes 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 Borrower’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or
under any other agreement. None of the Issuing Banks, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of any Issuing Bank shall be liable or responsible for any of the matters
described in clauses (i) through (viii) of Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrower may have a claim against any Issuing Bank, and each Issuing
Bank may be liable to the Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Borrower which were caused by such Issuing Bank’s willful misconduct or gross negligence
or such Issuing Bank’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 each case as
determined by a final, non-appealable judgment of a court of competent jurisdiction. In furtherance and not in limitation of the foregoing, each Issuing Bank 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, and such Issuing Bank 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. Each Issuing Bank may send a Letter of Credit or conduct
any communication to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication (SWIFT) message or overnight courier, or any other commercially reasonable means of communicating with a beneficiary. 

(g) Applicability of ISP. Unless otherwise specified in an application and agreed to by the applicable Issuing Bank at the time a
Letter of Credit is issued, the rules of 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)
(“ISP 98”) shall apply to each Letter of Credit. Borrower agrees that for matters not addressed by ISP 98, each applicable Letter of Credit shall be subject to and governed by the laws of the State of New York and applicable United
States Federal laws. If, at Borrower’s request, a Letter of Credit expressly chooses a letter of credit governing rule that is not ISP 98 or a state or country law other than New York State law and United States Federal law or is silent with
respect to the choice of ISP 98 or a governing law, the applicable Issuing Bank shall not be liable for any payment, cost, expense or loss resulting from any action or inaction taken by the Issuing Bank if such action or inaction is or would be
justified under ISP 98, New York law, applicable United States Federal law or the law governing the Letter of Credit. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (h) Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the
account of each Revolving Credit Lender, in accordance with its Applicable Revolving Credit Percentage, a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Margin applicable to
Adjusted LIBOR Loans under the Revolving Credit Facility times the daily amount available to be drawn under such Letter of Credit, subject to adjustment as provided in Section 2.15. For purposes of computing the daily amount
available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. Letter of Credit Fees shall be (i) due and payable on the last Business Day of each March,
June, September and December, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in
the Applicable Margin during any Fiscal Quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Margin separately for each period during such Fiscal Quarter that such Applicable
Margin was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Required Revolving Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate. 

(i) Fronting Fee; Documentary and Processing Charges Payable to Issuing Bank. To the extent any Issuing Bank is fronting for any other
Issuing Bank or Lender with respect to any Letter of Credit, the Borrower shall pay directly to such Issuing Bank for its own account a fronting fee with respect to such Letter of Credit, in an amount equal to 0.125% per annum of the stated amount
of such Letter of Credit, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Notwithstanding the foregoing, each Issuing Bank will be deemed to have fronted for each Lender, in its
capacity as such, only with respect to each Letter of Credit not issued on a ratable basis in accordance with Section 2.03(b)(vi). Such fronting fee shall be due and payable on the last Business Day of each March, June, September and
December in respect of such Fiscal Quarter (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity Date and thereafter on demand. For purposes
of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. In addition, the Borrower shall pay directly to each Issuing Bank
for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such Issuing Bank generally applicable 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. 
 (j) 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. 
 (k) Letters of
Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse each Issuing Bank
hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business
derives substantial benefits from the businesses of such Subsidiaries. Upon a Project Sale (other than a Partial Project Sale), the Borrower agrees to cause any applicable Subsidiary to return any original issued Letter of Credit issued with respect
to such Subsidiary to each applicable Issuing Bank for cancellation. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (l) Expiration. On the Letter of Credit Expiration Date, the Borrower shall cause each
Letter of Credit to be surrendered by the beneficiary or transferee of such Letter of Credit to the applicable Issuing Bank for cancellation (other than Letters of Credit with respect to which cash collateral in an amount equal to 102.5% of the
stated amount thereof has been provided by or on behalf of the Borrower to the applicable Issuing Bank or other backstop arrangements satisfactory to such Issuing Bank have been implemented) and all L/C Loans (including all fees, interest and other
amounts accrued in connection therewith) made or deemed to have been made with respect to such Letter of Credit shall be repaid in full. 

(m) Existing Letters of Credit. HSBC and the Borrower hereby acknowledge and agree that certain letters of credit have been issued
prior to the date hereof, which letters of credit are set forth on Schedule 2.03, and subject to (i) the occurrence of the Initial Project Funding Date in respect of the applicable Projects to which such letters of credit relate,
(ii) the delivery to HSBC of a duly completed amendment request in the form then in use by HSBC, (iii) the compliance by the Borrower with each term and condition applicable to such amendment in the applicable letter of credit (including
delivery of any required notice to the applicable beneficiary) and (iv) the other terms of this Agreement, HSBC, in its capacity as Issuing Bank, irrevocably agrees to amend such letters of credit (in the applicable amount set forth opposite
its name on Schedule 2.01, subject to the Letter of Credit Sublimit) pursuant to an amendment in a form mutually satisfactory to HSBC as Issuing Bank and Borrower (each such letter of credit, as so amended, an “Existing Letter of
Credit”), and thereafter maintain each such Existing Letter of Credit in accordance with its terms until the Letter of Credit Expiration Date applicable to such Existing Letter of Credit. Except as expressly set forth in this Agreement,
each Existing Letter of Credit shall be subject to the same terms and conditions herein as a Letter of Credit and shall constitute a Letter of Credit for all purposes of this Agreement and the other Financing Documents. 

2.04 Prepayments. 
 (a)
Optional. (i) Subject to Section 2.04(a)(ii), the Borrower may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans in whole or in part without premium or penalty;
provided that (A) such notice must be in a form reasonably acceptable to the Administrative Agent and be received by the Administrative Agent not later than (1) 1:00 p.m. three (3) Business Days prior to any date of prepayment of
Adjusted LIBOR Loans and (2) 11:00 a.m. on the date of prepayment of ABR Loans; (B) any prepayment of Adjusted LIBOR Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof; (C) any prepayment
of ABR Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding and (D) to the extent applicable, identification of
the one or more Projects to which such prepayment applies and the Revolving Loans to which such prepayment should be allocated. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if
Adjusted LIBOR Loans are to be 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
prepaid, 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 ratable
portion of such prepayment (based on such Lender’s Applicable Percentage). If such notice is given by the Borrower (and, in connection with any refinancing, extension, loan modification or similar transaction, such notice does not expressly
state that it may be revoked prior to the date of prepayment specified therein), the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Subject to
Section 2.15, each prepayment shall be paid to the Lenders in accordance with their respective Applicable Percentages. 

(ii) Any prepayment of an Adjusted LIBOR Loan pursuant to this Section 2.04(a) or (b) shall be accompanied by
all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. 
 (b)
Mandatory. 
 (i) Project Sales. Without duplication of any prepayment for a Disposition in connection with a
Permitted Tax Equity Arrangement for which a prepayment is made pursuant to Section 2.04(b)(ii): 
 (A) if the
Borrower directly or indirectly Disposes of any property in any Project Sale or any Partial Project Sale (in each case, including all or any portion of the Equity Interests owned, directly or indirectly, by the Borrower in any Subsidiary of the
Borrower to a Tax Equity Investor, to the extent not covered by Section 2.04(b)(ii) below), the Borrower shall prepay, or cause to be prepaid, within five (5) Business Days of such Disposition, an aggregate principal amount of Loans
(together with any amounts required pursuant to Section 2.04(a)(ii)) necessary to comply with the Maximum Loan Amount as of the date of such prepayment, calculated and determined giving effect to such Disposition; and 

(B) if the Borrower directly or indirectly Disposes of any property in any Project Sale or any Partial Project Sale (in each
case, including all or any portion of the Equity Interests owned, directly or indirectly, by the Borrower in any Subsidiary of the Borrower to a Tax Equity Investor, to the extent not covered by Section 2.04(b)(ii) below), and as a
result thereof one or more of the Concentration Limits are not satisfied and such failure to satisfy such Concentration Limit is not cured by the earlier of (i) the date that is the last Business Day of the full Fiscal Quarter following the
Fiscal Quarter in which such Disposition occurred and (ii) the Maturity Date, the Borrower shall prepay, or cause to be prepaid, an amount equal to the aggregate principal amount of Loans (together with any amounts required pursuant to
Section 2.04(a)(ii)) necessary to cause the Borrower to be in compliance with the Concentration Limits as of the date of such prepayment, as determined with reference to the Maximum Loan Amount as of the date of such prepayment,
calculated and determined without giving effect to the Borrower’s Net Cash Flows that are not then in compliance with the Concentration Limits. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (ii) Tax Equity Proceeds. In connection with any capital contribution
or other payment by a Tax Equity Investor in connection with a Permitted Tax Equity Arrangement for which one or more Loans were made hereunder, the Borrower shall prepay, or cause to be prepaid, an amount equal (together with any amounts required
pursuant to Section 2.04(a)(ii)) to the aggregate principal amount of Loans outstanding with respect to such Permitted Tax Equity Arrangement, in each case, within three (3) Business Days of receipt thereof; provided, that,
in the event that the applicable equity capital contribution agreement for a solar Project contemplates that the Tax Equity Investor will make fundings of its commitments on one or more milestones (e.g., the mechanical completion date for such
Project and the substantial completion date for such Project), then each such prepayment shall be made in an amount equal to the applicable amount funded on the applicable date, and in any event, the Borrower shall prepay, or cause to be prepaid, an
amount equal (together with any amounts required pursuant to Section 2.04(a)(ii)) to the aggregate principal amount of Loans outstanding with respect to such Permitted Tax Equity Arrangement no later than the outside date for
satisfaction of the funding conditions under such Permitted Tax Equity Arrangements. 
 (iii) Indebtedness. Upon the
incurrence or issuance by the Borrower or any of its Subsidiaries of any Indebtedness (other than Indebtedness not prohibited by Section 7.02), the Borrower shall prepay an aggregate principal amount of Loans (together with any amounts
required pursuant to Section 2.04(a)(ii)) equal, in the aggregate, to 100% of all Net Cash Proceeds received therefrom, within three (3) Business Days of receipt thereof by the Borrower. 

(iv) Insurance and Condemnation Proceeds; Borrower Equity. Within five (5) days of (A) the receipt of any
Extraordinary Receipt by the Borrower or (B) the sale or issuance by the Borrower of any of its Equity Interests, in each case, the Borrower shall prepay an aggregate principal amount of Loans (together with any amounts required pursuant to
Section 2.04(a)(ii)) equal to 100% of all Net Cash Proceeds received therefrom. 
 (v) Project
Cancellation. 
 (A) Within fifteen (15) Business Days of any Project becoming a Cancelled Project pursuant to any
of clause (a), (c), (e), or (f) of the definition of Cancelled Project, the Borrower shall prepay an aggregate principal amount of Loans (together with any amounts required pursuant to Section 2.04(a)(ii)) necessary to comply with
the Maximum Loan Amount as of the date of such prepayment, calculated and determined without including such Cancelled Project. 

(B) Within fifteen (15) Business Days of any Project becoming a Cancelled Project pursuant to either of clauses
(b) or (d) of the definition of Cancelled Project, the Borrower shall prepay an aggregate principal amount of Loans (together with any amounts required pursuant to Section 2.04(a)(ii)) necessary to comply with the Maximum Loan
Amount as of the date of such prepayment, calculated and determined without giving effect to the applicable 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
Power Purchase Agreement (in the case of a Cancelled Project pursuant to clause (b) of the definition thereof) or Permitted Tax Equity Arrangement (in the case of a Cancelled Project
pursuant to clause (d) of the definition thereof), and following such prepayment such Project shall cease to constitute a Cancelled Project for all purposes hereunder; provided, further, that in the case of a Cancelled Project
pursuant to clause (b) of the definition thereof, (1) with respect to any such Project for which merchant cash flows are contemplated, the Borrower shall deliver to the Administrative Agent as of the date of such prepayment a copy of the
merchant curve generated by the Market Consultant and utilized for preparing the updated Base Case Model delivered pursuant to Section 6.01(d) and (2) if as a result of such event, one or more of the Concentration Limits are not
satisfied and such failure to satisfy such Concentration Limit is not cured by the earlier of (aa) the date that is the last Business Day of the full Fiscal Quarter following the Fiscal Quarter in which Project initially became a Cancelled Project
and (bb) the Maturity Date, the Borrower shall prepay, or cause to be prepaid, an amount equal to the aggregate principal amount of Loans (together with any amounts required pursuant to Section 2.04(a)(ii)) necessary to cause the
Borrower to be in compliance with the Concentration Limits as of the date of such prepayment, as determined with reference to the Maximum Loan Amount as of the date of such prepayment, calculated and determined without giving effect to the
Borrower’s Net Cash Flows that are not then in compliance with the Concentration Limits. 
 (vi) Downgrade.
Within thirty (30) days of the Borrower receiving written notice from the Administrative Agent stating, or otherwise obtaining actual knowledge, that any Investment Grade Revenue has become Non-Investment
Grade Revenue other than in connection with the expiration of the fixed term of any applicable Power Purchase Agreement as contemplated by the Base Case Model as of the Initial Project Funding Date for the applicable Project, the Borrower shall
prepay an aggregate principal amount of Loans (together with any amounts required pursuant to Section 2.04(a)(ii)), if any, necessary to comply with the Maximum Loan Amount as of the date of such prepayment, calculated and determined
treating the applicable revenue as Non-Investment Grade Revenue rather than as Investment Grade Revenue. 

(vii) Project Documents. Within fifteen (15) days of the date that the Borrower takes any action for which any
prepayment is required pursuant to Section 7.16 or Section 7.23, the Borrower shall prepay an aggregate principal amount of Loans (together with any amounts required pursuant to Section 2.04(a)(ii)) necessary to
comply with the Maximum Loan Amount as of the date of such prepayment, calculated and determined giving effect to (A) in the case of any prepayment is required pursuant to Section 7.16, such termination, cancellation, amendment,
modification, supplement, waiver or consent (taking into consideration any replacement Material Transaction Document entered into in connection therewith) and (B) in the case of any prepayment is required pursuant to Section 7.23,
any changes resulting from entry into such additional Material Transaction Document. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (viii) Tax Equity Nonattainment. In the event that Loans are advanced
with respect to a Project against a Permitted Tax Equity Arrangement that was not effective as of the Initial Project Funding Date for such Project and no Permitted Tax Equity Arrangement is executed prior to the date such Project reaches the
earlier of Commercial Operation or Completion, the Borrower shall prepay (without duplication of any amounts paid to the Collateral Agent for the benefit of the Lenders pursuant to the Sponsor Equity Commitment) an aggregate principal amount of
Loans (together with any amounts required pursuant to Section 2.04(a)(ii)) equal, in the aggregate, to the lesser of (A) 100% of the aggregate principal amount of the Loans outstanding with respect to such Project that were made on the
basis of such anticipated Permitted Tax Equity Arrangement and (B) the amount necessary to comply with the Maximum Loan Amount as of the date of such prepayment, calculated and determined without giving effect to such Permitted Tax Equity
Arrangement. 
 (ix) Tax Equity Reduction. In the event that (A) (1) upon the execution of any limited liability
company agreement that is a Tax Equity Document and upon the execution of any amendments thereto, the percentage of cash that is distributable to the Subsidiary of the Borrower party thereto is less than as set forth in the Base Case Model as of the
Initial Project Funding Date for such Project or (B) a Material Cash Diversion Event occurs under any Tax Equity Document, in each case, the Borrower shall prepay an aggregate principal amount of Loans (together with any amounts required
pursuant to Section 2.04(a)(ii)) necessary to comply with the Maximum Loan Amount as of the date of such prepayment, calculated and determined giving effect to such reduction or Material Cash Diversion Event, in each case within fifteen
(15) Business Days thereof. 
 (x) Imputed Amortization. On each Semiannual Payment Date, the Borrower shall
prepay, or cause to be prepaid, an aggregate principal amount of Loans (together with any amounts required pursuant to Section 2.04(a)(ii)) equal to the Imputed Amortization Amount as of such Semiannual Payment Date; the Borrower shall
prepare all calculations in connection with the Imputed Amortization Amount, and shall deliver such calculations to the Administrative Agent for review and comment at least five (5) Business Days prior to any Semiannual Payment Date; the
Administrative Agent shall have five (5) Business Days to review all such calculations and if the Administrative Agent does not object or comment within such period, the calculations delivered by the Borrower shall be the definitive
calculations for the applicable Imputed Amortization Amount as of such Semiannual Payment Date.  
 (xi)
Application of Prepayments. Prepayments of the Revolving Credit Facility made pursuant to this Section 2.04(b) shall be applied in the following order of priority: first, ratably to such Project’s Project L/C
Borrowings, second, ratably (1) to any accrued and unpaid interest in respect of outstanding Revolving Loans being repaid pursuant to this Section 2.04(b) and (2) then to principal in respect of outstanding Revolving
Loans, and, third, to the extent a Disposition of any Project has occurred (as contemplated in clause (i) above), to Cash Collateralize such Project’s remaining Project L/C Obligations. Upon the drawing of any Letter of Credit that
has been Cash Collateralized, the funds held as Cash 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
Collateral shall be applied (without any further action by or notice to or from the Borrower) to reimburse the Issuing Banks or the Revolving Credit Lenders, as applicable. Upon the return of any
Letter of Credit that has been Cash Collateralized, the funds held as Cash Collateral shall be applied as directed by the Borrower. 
 2.05
Termination or Reduction of Commitments. 
 (a) Optional. The Borrower may, upon notice to the Administrative Agent, terminate
the Revolving Credit Commitments or the Letter of Credit Sublimit, or from time to time permanently reduce the Revolving Credit Commitments or the Letter of Credit Sublimit; provided that (i) any such notice shall be received by the
Administrative Agent not later than 1:00 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 $1,000,000 in
excess thereof, (iii) the Borrower shall not terminate or reduce (A) the Revolving Credit Facility if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would exceed the
Revolving Credit Commitments, or (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 (iv) the
Borrower shall not terminate or reduce any Revolving Credit Commitments unless it has delivered to the Administrative Agent a certification from the Borrower that, after giving effect to such termination or reduction, it has sufficient remaining
Revolving Credit Commitments and amounts on deposit in the Revenue Account, the Local Accounts and other bank accounts not prohibited hereby and Sponsor Equity Commitments or other funds available to it (including pursuant to Permitted Tax Equity
Arrangements) to complete each Construction Project that has not yet achieved Commercial Operation and Completion prior to such Project’s Project Date Certain in accordance with, in all material respects, such Project’s Construction
Budget. 
 (b) Mandatory. 

(i) The Revolving Credit Facility shall be automatically and permanently reduced to zero upon the Maturity Date for the
Revolving Credit Facility. 
 (ii) If after giving effect to any reduction or termination of Revolving Credit Commitments
under this Section 2.05, the Letter of Credit Sublimit exceeds the Revolving Credit Facility or the Letter of Credit Sublimit at such time, the Letter of Credit Sublimit shall be automatically reduced by the amount of such excess. 

(iii) If for any reason the Total Revolving Credit Outstandings at any time exceed the Revolving Credit Facility at such time,
the Borrower shall immediately prepay Revolving Loans and L/C Borrowings and/or Cash Collateralize the L/C Obligations (other than the L/C Borrowings) in an aggregate amount equal to such excess. 

(c) Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders of any termination
or reduction of the Letter of Credit Sublimit or the Revolving Credit Commitment under this Section 2.05. Upon any reduction of the Revolving Credit Commitments, the Revolving Credit Commitment of each Revolving Credit

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
Lender shall be reduced by such Lender’s Applicable Revolving Credit Percentage of such reduction amount. All fees in respect of the Revolving Credit Facility accrued until the effective
date of any termination of the Revolving Credit Facility shall be paid on the effective date of such termination. In order to give effect to the foregoing, the Borrower, the Administrative Agent and each Issuing Bank shall amend Schedule 2.01
(with any such amendments to be effective simultaneously with the effectiveness of such reduction), and Letters of Credit shall be amended, re-issued or issued, as the case may be and solely to the extent
necessary, to reflect such amended Schedule 2.01. 
 2.06 Repayment of Revolving Loans. The Borrower shall repay to the
Revolving Credit Lenders on the Maturity Date for the Revolving Credit Facility the aggregate principal amount of all Revolving Loans outstanding on such date. 

2.07 Interest. (a) Subject to the provisions of Section 2.07(a), (i) each Adjusted LIBOR Loan shall bear interest on
the outstanding principal amount thereof for each Interest Period at a rate per annum equal to Adjusted LIBOR for such Interest Period plus the Applicable Margin; and (ii) each ABR Loan shall bear interest on the outstanding principal amount
thereof from the applicable borrowing date at a rate per annum equal to the ABR plus the Applicable Margin. 
 (a) (i) If any amount
payable by the Borrower under any Financing Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, all Outstanding Amounts in respect of Revolving Loans and L/C
Obligations 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 applicable Laws. 

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

2.08 Fees. In addition to certain fees described in Sections 2.03(h) and (i): 

(a) Administrative Agent Fees. The Borrower shall pay to the Administrative Agent, solely for its own account, on the Closing Date and
on each other date as specified in the applicable Fee Letter, the amounts payable at the times set forth therein. 
 (b) Commitment
Fee. The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance with its Applicable Revolving Credit Percentage, a commitment fee equal to the Applicable Fee Rate times the actual
daily amount by which the Revolving Credit Commitments exceeds the sum of (i) the aggregate outstanding principal amount of Revolving Loans after giving effect to any borrowings and prepayments or repayments of Revolving Loans occurring on such
date and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.15. The commitment fee shall accrue 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
at all times that the Revolving Credit Commitments are outstanding, 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 last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day that the Revolving Credit Commitments are outstanding. The commitment
fee shall be calculated quarterly in arrears. 
 (c) Upfront Fee. The Borrower shall pay to the Administrative Agent, for the account
of each Lender in accordance with its Applicable Percentage of such Lender’s Revolving Credit Commitments, on the Closing Date, the fees set forth in each applicable Fee Letter. 

(d) Other Fees. The Borrower shall pay to each Arranger, the Administrative Agent, the Collateral Agent and the Depositary Bank, for
their own respective accounts fees in the amounts and at the times specified in the applicable Fee Letter or the Agency Fee Letter, as applicable. Unless otherwise provided in the applicable Fee Letter or the Agency Fee Letter, such fees shall be
fully earned when paid and shall not be refundable for any reason whatsoever. 
 2.09 Computation of Interest and Fees. All
computations of interest for ABR Loans then bearing interest pursuant to clause (ii) of the definition of “ABR” shall be made on the basis of a year of three-hundred and sixty-five (365) days (or three-hundred and sixty-six (366)days in a leap year), as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a three-hundred and sixty
(360)-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a three-hundred and sixty-five
(365)-day (or three-hundred and sixty-six (366)-day) year). 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 2.11(a), bear
interest for one (1) 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. 

2.10 Evidence of Debt. 

(a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the
Administrative Agent in the ordinary course of business. 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
Borrower 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 Borrower 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 Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Revolving Credit Note, which shall evidence such Lender’s Loans in
addition to such accounts or records. Each Lender may attach schedules to its Revolving Credit Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (b) In addition to the accounts and records referred to in Section 2.10(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. 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. 

2.11 Payments Generally; Administrative Agent’s Clawback. 

(a) General. All payments to be made by the Borrower shall be made free and clear of and without condition or deduction for any
counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower 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 (unless otherwise specified herein). The Administrative Agent will promptly distribute to each Lender its
Applicable Percentage in respect of the Revolving Credit Facility (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. If the Administrative Agent promptly
notifies any Lender that a payment was distributed to such Lender in error, each Lender agrees to return any such payment in like funds to the Administrative Agent’s Office upon receipt of notice of the error. All payments received by the
Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrower under any Financing Documents 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 on computing interest or fees, as the case may be. 

(b) Funding by Lenders; Payments by Borrower; Corresponding Presumptions by Administrative Agent. (i) Unless the Administrative
Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of Adjusted LIBOR Loans (or, in the case of any Borrowing of ABR Loans, prior to 1:00 p.m. 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 ABR 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 Borrower a corresponding amount. In such
event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such
corresponding amount in immediately available funds with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the
case of a payment to be made by such Lender, the greater of the Federal Funds Effective Rate and 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
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 Borrower, the interest rate that would otherwise be applicable to such Loan hereunder. If the Borrower and such Lender shall pay such
interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the
applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender
that shall have failed to make such payment to the Administrative Agent. 
 (ii) Unless the Administrative Agent shall have
received notice from the Borrower prior to the time at which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Banks hereunder that the Borrower will not make such payment, the Administrative Agent may
assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders the amount due. In such event, if the Borrower has not in fact made such payment,
then each of the Appropriate Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the Issuing Banks, 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 Effective Rate and a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation. 
 (iii) A notice of the Administrative Agent to any Lender or the 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 Borrower
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, 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 Revolving Loans, to fund participations in Letters of Credit and to make payments pursuant to Section 10.05(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to
make any payment under Section 10.05(c) 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 Loan, to purchase its participation or to make its payment under Section 10.05(c). 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (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. 

(f) Insufficient Funds. If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all
amounts of principal, L/C Borrowings, interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the
amounts of interest and fees then due to such parties, and (ii) second, toward payment of principal and L/C Borrowings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and L/C
Borrowings then due to such parties. 
 2.12 Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff
or counterclaim or otherwise, obtain payment in respect of (a) Obligations due and payable to such Lender hereunder and under the other Financing Documents at such time in excess of its ratable share (according to the proportion of (i) the
amount of such Obligations due and payable to such Lender at such time to (ii) the aggregate amount of the Obligations due and payable to all Lenders hereunder and under the other Financing Documents at such time) of payments on account of the
Obligations due and payable to all Lenders hereunder and under the other Financing Documents at such time obtained by all the Lenders at such time or (b) Obligations owing (but not due and payable) to such Lender hereunder and under the other
Financing Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations owing (but not due and payable) to such Lender at such time to (ii) the aggregate amount of the Obligations
owing (but not due and payable) to all Lenders hereunder at such time) of payment on account of the Obligations owing (but not due and payable) to all Lenders hereunder and under the other Financing Documents at such time obtained by all of the
Lenders at such time then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans and subparticipations in L/C Obligations
of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of Obligations then due and payable to the Lenders or
owing (but not due and payable) to the Lenders, as the case may be; provided that: 
 (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 2.12 shall not be construed to apply to (x) any payment made by
or on behalf of the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), (y) the application of Cash Collateral provided for in
Section 2.14, or (z) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or subparticipations in L/C Obligations to any assignee or participant, other than an
assignment to the Borrower or any Subsidiary thereof (as to which the provisions of this Section 2.12 shall apply). 

  
 74 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 The Borrower consents to the foregoing and agrees, to the extent it may effectively do so
under applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against it rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of
the Borrower in the amount of such participation. 
 2.13 Increase in Commitments; Borrower Request. The Borrower may from time to
time by written notice to the Administrative Agent elect to request an increase to the existing Revolving Credit Commitments (each, an “Incremental Revolving Commitment”), by an aggregate amount not in excess of $425,000,000. Each
such notice shall specify (i) the date (each, an “Increase Effective Date”) on which the Borrower proposes that the Incremental Revolving Commitments shall be effective, which shall be a date not less than five
(5) Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee to whom the Borrower proposes any portion of such Incremental Revolving Commitments be allocated
and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Revolving Commitments may elect or decline, in its sole discretion, to provide such Incremental Revolving
Commitment. Each Incremental Revolving Commitment shall be in an aggregate amount of $50,000,000 or any whole multiple of $50,000,000 in excess thereof (provided that such amount may be less than $50,000,000 if such amount represents all remaining
availability under the aggregate limit in respect of Incremental Revolving Commitments set forth in above). 
 (a) Conditions. The
Incremental Revolving Commitments shall become effective as of the Increase Effective Date; provided that: 
 (i) no
Default or Event of Default shall have occurred and be continuing or would result from the borrowings to be made on the Increase Effective Date; 

(ii) the Borrower shall have approached each existing Lender to provide all or a portion of the Incremental Revolving
Commitments; provided, as set forth in the preceding paragraph of this Section 2.13, that each such Lender may elect or decline, in its sole discretion, to provide such Incremental Revolving Commitment; 

(iii) each Lender providing an Incremental Revolving Commitment shall be an Eligible Assignee; 

(iv) the Borrower shall pay any amounts due under Section 3.05 in connection with any adjustment of Revolving Loans
pursuant to Section 2.13(c); and 
 (v) the Borrower shall deliver or cause to be delivered officer’s
certificates and legal opinions of the type delivered on the Closing Date to the extent reasonably requested by the Administrative Agent and in form and substance reasonably satisfactory to the Administrative Agent. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 For the avoidance of doubt, any Projects to be funded with such Incremental Revolving
Commitments shall be subject to the satisfaction of the conditions in Section 4.02. 
 (b) Terms of New Loans and
Commitments. The terms and provisions of Loans made pursuant to Incremental Revolving Commitments shall be identical to the Revolving Loans and shall be documented as an increase to the Revolving Credit Facility. 

The Incremental Revolving Commitments shall be effected by a joinder agreement (the “Increase Joinder”) executed by the Borrower, the
Administrative Agent and each Lender making such Incremental Revolving Commitment, in form and substance reasonably satisfactory to each of them. Notwithstanding the provisions of Section 10.01, the Increase Joinder may, without the
consent of any other Lenders, effect such amendments to this Agreement and the other Financing Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to effect the provisions of this
Section 2.13. In addition, unless otherwise specifically provided herein, all references in Financing Documents to Revolving Loans shall be deemed, unless the context otherwise requires, to include references to Revolving Loans made
pursuant to Incremental Revolving Commitments made pursuant to this Agreement. This Section 2.13 shall supersede any provisions in Section 2.12 or Section 10.01 to the contrary. 

(c) Adjustment of Revolving Loans. Each Revolving Credit Lender that is acquiring an Incremental Revolving Commitment on the Increase
Effective Date shall make a Revolving Loan, the proceeds of which will be used to prepay the Revolving Loans of the other Revolving Credit Lenders immediately prior to such Increase Effective Date, so that, after giving effect thereto, the Revolving
Loans outstanding are held by the Revolving Credit Lenders pro rata based on their Revolving Credit Commitments after giving effect to such Increase Effective Date. If there is a new borrowing of Revolving Loans on such Increase Effective Date, the
Revolving Credit Lenders after giving effect to such Increase Effective Date shall make such Revolving Loans in accordance with Section 2.01. 

(d) Equal and Ratable Benefit. The Loans and Revolving Credit Commitments established pursuant to this paragraph shall constitute Loans
and Revolving Credit Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Financing Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guarantees and Liens
created by the Collateral Documents. 
 2.14 Cash Collateral. 

(a) Certain Credit Support Events. At any time that there shall exist a Defaulting Lender, upon the request of Administrative Agent or
the applicable Issuing Bank, Borrower shall deliver to Administrative Agent cash collateral in an amount sufficient to cover 100% of any Fronting Exposure (after giving effect to Section 2.15(a)(iv) and any Cash Collateral provided by
the Defaulting Lender) within thirty (30) days of receiving a request therefor from Administrative Agent. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (b) Grant of Security Interest. The Borrower, and to the extent provided by any
Defaulting Lender, such Defaulting Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Issuing Banks, and agrees to maintain, a first priority Lien in all such Cash Collateral as security for
the Defaulting Lender’s obligation to fund participations in respect of L/C Obligations, to be applied pursuant to Section 2.14(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or
claim of any Person other than the Administrative Agent and the Issuing Banks as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the Borrower or Defaulting Lender (as applicable) will,
promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. All Cash Collateral (other than credit support not constituting funds
subject to deposit) shall be maintained in a Cash Collateral Account.    The Borrower shall pay on demand therefor from time to time all customary account opening, activity and other administrative fees and charges in connection
with the maintenance and disbursement of Cash Collateral. 
 (c) Application. Notwithstanding anything to the contrary contained in
this Agreement, Cash Collateral provided under any of this Section 2.14 or Sections 2.04, 2.05, 2.15 or 8.02 in respect of Letters of Credit shall be held and applied to the satisfaction of the specific L/C Obligations,
obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other
application of such property as may be provided for herein. 
 (d) Release. Cash Collateral (or the appropriate portion thereof)
provided to reduce Fronting Exposure or to secure other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of
Defaulting Lender status of the applicable Lender (or, as appropriate, its assignee following compliance with Section 10.07(b)(vi))) or (ii) the determination by the Administrative Agent and the Issuing Banks that there exists
excess Cash Collateral; provided, however, (x) any such release shall be without prejudice to, and any disbursement or other transfer of Cash Collateral shall be and remain subject to, any other Lien conferred under the Financing
Documents and the other applicable provisions of the Financing Documents, and (y) the Person providing Cash Collateral and the Issuing Banks may agree that Cash Collateral shall not be released but instead held to support future anticipated
Fronting Exposure or other obligations. 
 2.15 Defaulting Lenders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then,
until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 
 (i) Waivers
and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 10.01 and in the definition of “Required
Lender.” 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (ii) Defaulting Lender Waterfall. Any payment of principal, interest,
fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise) or received by the Administrative Agent from a
Defaulting Lender pursuant to Section 10.09 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the
Administrative Agent hereunder; second, to the payment of any amounts owing by such Defaulting Lender to the Issuing Banks hereunder; third, to Cash Collateralize the Issuing Bank’s Fronting Exposure with respect to such
Defaulting Lender in accordance with Section 2.14; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund
its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a Cash Collateral Account and released pro rata in order to
(x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize the Issuing Bank’s future Fronting Exposure with respect to such Defaulting Lender
with respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.14; sixth, to the payment of any amounts owing to the Lenders, the Issuing Banks as a result of any judgment of a court of
competent jurisdiction obtained by any Lender or Issuing Bank against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default
exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its
obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or L/C
Borrowings in respect of which such Defaulting Lender has not fully funded its Applicable Percentage, and (y) such Loans were made or the related Letters of Credit were issued at a time when the applicable conditions set forth in Article
IV were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of
any Loans of, or L/C Obligations owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Obligations are held by the Lenders pro rata in accordance with the Revolving Credit Commitments hereunder
without giving effect to Section 2.15(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to
this Section 2.15(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. 

(A) No Defaulting Lender shall be entitled to receive any fee payable under Section 2.08(b) for any period during
which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender for such period). 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (B) Each Defaulting Lender shall be entitled to receive Letter of Credit Fees
for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.14. 

(C) With respect to any fee payable under Section 2.08(b) or any Letter of Credit Fee not required to be paid to
any Defaulting Lender pursuant to clause (A) or (B) above, the Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with
respect to such Defaulting Lender’s participation in L/C Obligations that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to each Issuing Bank, as
applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Bank’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such
fee. 
 (iv) Reallocation of Applicable Percentages to Reduce Fronting Exposure. All or any part of such Defaulting
Lender’s participation in L/C Obligations shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting
Lender’s applicable Revolving Credit Commitments) but only to the extent that such reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Credit Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender
having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such
reallocation. 
 (v) If the reallocation described in Section 2.15(a)(iv) above cannot, or can only partially, be
effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under applicable Law, Cash Collateralize the Issuing Bank’s Fronting Exposure to such Defaulting Lender (after giving effect to any partial
reallocation) in accordance with the procedures set forth in Section 2.14. 
 (b) Defaulting Lender Cure. If the
Borrower, the Administrative Agent and the Issuing Banks agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and
subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders and, to the extent
such purchase occurs in the middle of an Interest Period, compensate the Non-Defaulting Lenders for any break funding losses under Section 3.05, or take such other actions as the Administrative
Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit to be held on a pro rata basis by the Lenders in accordance with their Applicable Percentages (without giving effect to
Section 2.15(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided,
further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that
Lender’s having been a Defaulting Lender. 
 ARTICLE III 

TAXES, YIELD PROTECTION AND ILLEGALITY 

3.01 Taxes. 
 (a)
Defined Terms. For purposes of this Section 3.01, the term “Lender” includes any Issuing Bank and the term “applicable Law” includes FATCA. 

(b) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. 

(i) Any and all payments by or on account of any obligation of the Borrower under any Financing Document shall be made without
deduction or withholding for any Taxes, except as required by applicable Laws. If any applicable Law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such
payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding. 

(ii) If the Borrower or the Administrative Agent shall be required by the Code or any other applicable Law to withhold or
deduct any Taxes (including both (A) United States federal backup withholding and (B) United States federal withholding Taxes imposed upon any non-U.S. Person) from any payment, then (I) the
Borrower or the Administrative Agent, as required by applicable Law (including the Code), shall be entitled to withhold or make such deductions as are determined by the Borrower or Administrative Agent to be required, (II) the Borrower or the
Administrative Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with applicable Law, and (III) to the extent that the withholding or deduction is made on account of Indemnified
Taxes, the sum payable by the Borrower shall be increased as necessary so that after such withholding or deduction has been made (including deductions applicable to additional sums payable under this Section 3.01) the applicable
Recipient receives an amount equal to the sum it would have received had no such withholding or deduction been made. 
 (c) Payment of
Other Taxes by the Borrower. Without limiting the provisions of subsection (b) above, the Borrower shall timely pay to the relevant Governmental Authority in accordance with applicable Law, or at the option of the
Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (d) Tax Indemnifications. (i) The Borrower shall indemnify each Recipient within
fifteen (15) days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01) payable or paid by such Recipient
or required to be withheld or deducted from a payment to such Recipient, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be
conclusive absent manifest error. 
 (ii) Each Lender shall, and does hereby, severally indemnify, and shall make payment in
respect thereof within fifteen (15) days after demand therefor, (x) the Administrative Agent against any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative
Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to do so), (y) the Administrative Agent against any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.07(d)
relating to the maintenance of a Participant Register and (z) the Administrative Agent against any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent or the Borrower in connection with
any Financing Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the 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, as
the case may be, under this Agreement or any other Financing Document against any amount due to the Administrative Agent under this clause (ii). 

(e) Evidence of Payments. As soon as practicable after any payment of Taxes by the Borrower to a Governmental Authority as
provided in this Section 3.01, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such
payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (f) Status of Lenders; Tax
Documentation. 
 (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to
payments made under any Financing Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation
reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative
Agent, shall deliver such other documentation prescribed by applicable Law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject
to backup withholding or information reporting requirements. Notwithstanding 

  
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anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in
Section 3.01(f)(ii)(A), 3.01(f)(ii)(B) and 3.01(f)(ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or
expense or would materially prejudice the legal or commercial position of such Lender. 
 (ii) Without limiting the
generality of the foregoing, 
 (A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative
Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax; 
 (B)
any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender
becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable: 

(1) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party
(x) with respect to payments of interest under any Financing Document, executed copies of IRS Form W-8BEN-E (or W-8BEN, as
applicable) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Financing Document, IRS
Form W-8BEN-E (or W-8BEN, as applicable) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant
to the “business profits” or “other income” article of such tax treaty; 
 (2) executed copies of IRS
Form W-8ECI; 
 (3) in the case of a Foreign Lender claiming the benefits of the
exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit F-1 to the effect that such Foreign Lender is not a “bank”
within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” related to the
Borrower described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN-E (or W-8BEN, as applicable); or 

  
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 (4) to the extent a Foreign Lender is not the beneficial owner, executed
copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN-E (or W-8BEN, as applicable), a U.S. Tax Compliance Certificate substantially in the form of Exhibit F-2 or Exhibit F-3, IRS
Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that, if the Foreign Lender is a partnership and one or more direct or indirect partners of such
Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit F-4 on behalf of each such direct and
indirect partner; 
 (C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and
the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of
the Borrower or the Administrative Agent), executed copies of any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary
documentation as may be prescribed by applicable Law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under any Financing Document would be subject to U.S. federal withholding Tax imposed by
FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the
Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable Law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under
FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount, if any, to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall
include any amendments made to FATCA after the date of this Agreement. 
 (iii) Each Lender agrees that if any form or
certification it previously delivered pursuant to this Section 3.01 expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in
writing of its legal inability to do so. 

  
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 (g) Treatment of Certain Refunds. Unless required by applicable Laws, at no time shall
the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or deducted from funds paid for the account of such Lender, as the case may
be. If any Recipient determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts
pursuant to this Section 3.01, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 3.01 with respect
to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund); provided that the Borrower, upon the request of the Recipient, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges
imposed by the relevant Governmental Authority) to the Recipient in the event the Recipient is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Section 3.01(g), in no event will the
applicable Recipient be required to pay any amount to the Borrower pursuant to this Section 3.01(g) the payment of which would place the Recipient in a less favorable net after-Tax position than
such Recipient would have been in if Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been
paid. This Section 3.01(g) shall not be construed to require any Recipient to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the Borrower or any other Person. 

(h) Survival. Each party’s obligations under this Section 3.01 shall survive the resignation or replacement of the
Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Revolving Credit Commitments and the repayment, satisfaction or discharge of all other Obligations. 

3.02 Illegality. If any Lender determines (which determination shall be final and conclusive, but shall be made only after consultation
with the Borrower and the Administrative Agent) 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 perform any of its obligations hereunder or
make, maintain or fund or charge interest with respect to any Credit Extension, or to determine or charge interest rates based upon Adjusted LIBOR, 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 Borrower through the Administrative Agent, (i) any obligation of such Lender to issue, make, maintain, fund or
charge interest with respect to any Credit Extension or continue Adjusted LIBOR Loans or to convert ABR Loans to Adjusted LIBOR Loans shall be suspended, and (ii) if such notice asserts the illegality of such Lender making or maintaining ABR
Loans the interest rate on which is determined by reference to the Published LIBOR component of the ABR, the interest rate on which ABR Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent
without reference to the Published LIBOR component of the ABR, in each case until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice,
(x) the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Adjusted LIBOR Loans of such Lender to ABR Loans (the 

  
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interest rate on which ABR Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Published LIBOR component of the
ABR), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Adjusted LIBOR Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Adjusted LIBOR Loans and
(y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon Adjusted LIBOR, the Administrative Agent shall during the period of such suspension compute the ABR applicable to such Lender without
reference to the Published LIBOR component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon Adjusted LIBOR. Upon any such
prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. Upon receipt of the notice described in the first sentence of this Section 3.02, the Borrower may revoke any pending request
for a Borrowing of, conversion to or continuation of Adjusted LIBOR Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of ABR Loans in the amount specified therein. 

3.03 Benchmark Replacement Setting. 

(a) Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Financing Document, if a Benchmark
Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then
(x) if a Benchmark Replacement is determined in accordance with clause (a)(1) or (a)(2) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all
purposes hereunder and under any Financing Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Financing Document
and (y) if a Benchmark Replacement is determined in accordance with clause (a)(3) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all
purposes hereunder and under any Financing Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders and the
Borrower without any amendment to, or further action or consent of any other party to, this Agreement or any other Financing Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark
Replacement from Lenders comprising the Required Lenders. Notwithstanding anything to the contrary herein or in any other Financing Document, if a Term SOFR Transition Event and its related Benchmark Replacement Date have occurred prior to the
Reference Time in respect of any setting of the then-current Benchmark, then the applicable Benchmark Replacement will replace the then-current Benchmark for all purposes hereunder or under any Financing Document in respect of such Benchmark setting
and subsequent Benchmark settings, without any amendment to, or further action or consent of any other party to, this Agreement or any other Financing Document; provided that this second sentence of this clause (a) shall not be effective
unless the Administrative Agent has delivered to the Lenders and the Borrower a Term SOFR Notice. For the avoidance of doubt, the Administrative Agent shall not be required to deliver a Term SOFR Notice after a Term SOFR Transition Event and may do
so in its sole discretion. 

  
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 (b) Benchmark Replacement Conforming Changes. In connection with the implementation of
a Benchmark Replacement, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Financing Document, any amendments
implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Financing Document. 

(c) Notices; Standards for Decisions and Determinations. The Administrative Agent shall promptly notify the Borrower and the Lenders
(and obtain the consent of any such Persons, if required by the terms of this Agreement) of (i) any occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, as
applicable, and its related Benchmark Replacement Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes, (iv) the removal or reinstatement of any tenor of a
Benchmark pursuant to clause (d) below and (v) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or
group of Lenders) pursuant to this Section 3.03, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and
any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other
Financing Document, except, in each case, as expressly required pursuant to this Agreement. 
 (d) Unavailability of Tenor of
Benchmark. Notwithstanding anything to the contrary herein or in any other Financing Document, at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including
Term SOFR or USD LIBOR) and either (A) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or
(B) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative
Agent may modify the definition of “Interest Period” for any Benchmark settings at or after such time to remove such unavailable or non-representative tenor and (ii) if a tenor that was removed
pursuant to clause (i) above either (A) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is or will no
longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may modify the definition of “Interest Period” for all Benchmark settings at or after such time to reinstate such previously
removed tenor. 

  
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 (e) Benchmark Unavailability Period. Upon the Borrower’s receipt of notice of the
commencement of a Benchmark Unavailability Period, the Borrower may revoke any request for a Borrowing of, conversion to or continuation of Adjusted LIBOR Loans to be made, converted or continued during any Benchmark Unavailability Period and,
failing that, the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to ABR Loans. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not
an Available Tenor, the component of ABR based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of ABR. 

3.04 Increased Costs 

(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 Adjusted LIBOR) or any Issuing Bank; 

(ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses
(b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable
thereto; or 
 (iii) impose on any Lender or Issuing Bank or the London interbank market any other condition, cost or expense
(other than Taxes) affecting this Agreement or Adjusted LIBOR 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, converting to, continuing or maintaining any Loan, or of maintaining its obligation to make any such Loan, or to increase the cost to such Lender or Issuing Bank 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 Issuing Bank hereunder
(whether of principal, interest or any other amount) then, upon request of such Lender or Issuing Bank, the Borrower will pay to such Lender or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or
Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered. 
 (b) Capital Requirements. If any
Lender or Issuing Bank determines that any Change in Law affecting such Lender or Issuing Bank or any Lending Office of such Lender or such Lender’s or the Issuing Bank’s holding company, if any, regarding capital or liquidity requirements
has or would have the effect of reducing the rate of return on such Lender’s or the Issuing Bank’s capital or on the capital of such Lender’s or Issuing Bank’s holding company, if any, as a consequence of this Agreement, the
Revolving Credit 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 

  
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by such Issuing Bank, to a level below that which such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding company could have achieved but for such Change in Law (taking
into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy or liquidity), then from time to time the Borrower will pay to such Lender or Issuing Bank, as the case may be,
such additional amount or amounts as will compensate such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding company for any such reduction suffered. 

(c) Certificates for Reimbursement. A certificate of a Lender or Issuing Bank setting forth the amount or amounts necessary to
compensate such Lender or Issuing Bank or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section 3.04 (with supporting documentation establishing a reasonable basis for such amount or amounts)
and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or Issuing Bank, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof. 

(d) Delay in Requests. Failure or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to the foregoing
provisions of this Section 3.04 shall not constitute a waiver of such Lender’s or the Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender or Issuing
Bank pursuant to the foregoing provisions of this Section 3.04 for any increased costs incurred or reductions suffered more than nine months prior to the date that such Lender or Issuing Bank, as the case may be, notifies the Borrower of
the Change in Law giving rise to such increased costs or reductions and of such Lender’s or the Issuing Bank’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 nine-month period referred to above shall be extended to include the period of retroactive effect thereof). 
 3.05
Compensation for Losses. Following demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall compensate such Lender for and hold such Lender harmless from any loss, cost or expense reasonably
incurred by it as a result of: 
 (a) any conversion, payment or prepayment of any Loan other than an ABR 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 Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than an ABR Loan on the date or in the amount notified by the Borrower; or 

(c) any assignment of an Adjusted LIBOR Loan on a day other than the last day of the Interest Period therefor as a result of a request by the
Borrower pursuant to Section 10.14; 
 including any documented loss or expense arising from the liquidation or reemployment of funds obtained
by it to maintain such Loan (but excluding loss of anticipated profits) or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in
connection with the foregoing. With respect to any Lender’s claim for compensation under this Section 3.05, the Borrower shall not be required to compensate such Lender for any amount incurred more than one-hundred and eighty (180) calendar days prior to the date such Lender notifies Borrower of the event that gives rise to such claim. 

  
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 For purposes of calculating amounts payable by the Borrower to the Lenders under this
Section 3.05, each Lender shall be deemed to have funded each Adjusted LIBOR Loan made by it at the Adjusted LIBOR used in determining Adjusted LIBOR for such Loan by a matching deposit or other borrowing in the London interbank
eurodollar market for a comparable amount and for a comparable period, whether or not such Adjusted LIBOR 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 3.05 shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within ten (10) days after receipt thereof. 

3.06 Mitigation Obligations; Replacement of Lenders. 

(a) Designation of a Different Lending Office. Each Lender may make any Credit Extension to the Borrower through any Lending Office;
provided that the exercise of this option shall not affect the obligation of the Borrower to repay the Credit Extension in accordance with the terms of this Agreement. If any Lender or Issuing Bank requests compensation under
Section 3.04, or requires the Borrower to pay any Indemnified Taxes or additional amounts to any Lender, any Issuing Bank, or any Governmental Authority for the account of any Lender or Issuing Bank pursuant to Section 3.01,
or if any Lender gives a notice pursuant to Section 3.02, then at the request of the Borrower such Lender or Issuing Bank shall, as applicable, use reasonable 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 or Issuing Bank, 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 or Issuing
Bank, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or Issuing Bank, as the case may be. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender
or Issuing Bank in connection with any such designation or assignment. 
 (b) Replacement of Lenders. If any Lender requests
compensation under Sections 3.02 or 3.04, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, and in
each case, such Lender has declined or is unable to designate a different Lending Office in accordance with Section 3.06(a), the Borrower may replace such Lender in accordance with Section 10.14. 

3.07 Survival. All of the Borrower’s obligations under this Article III shall survive termination of the Aggregate
Commitments, repayment of all other Obligations hereunder, and resignation of the Administrative Agent. 

  
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 ARTICLE IV 

CONDITIONS PRECEDENT 
 4.01
Conditions Precedent to the Closing Date. The occurrence of the Closing Date is subject to the satisfaction of each of the following conditions, in each case, in form and substance reasonably satisfactory to the Lenders party hereto as of the
Closing Date: 
 (a) Secretary’s Certificate. Delivery to the Administrative Agent of a customary secretary’s certificate
attaching (i) incumbency certificates and/or other certificates of Responsible Officers of each of the Borrower and Holdings evidencing 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 Financing Documents to which the Borrower or Holdings is a party or is to be a party, (ii) resolutions or other action of Responsible Officers of the Borrower and Holdings as the
Administrative Agent may require authorizing, as applicable, the Borrowings herein provided for, the execution, delivery and performance of this Agreement and the other Financing Documents and any instruments or agreements required hereunder or
thereunder to which such entity is a party, (iii) (A) a copy of the operating agreement of the Borrower, certified by a Responsible Officer of Borrower as being true, correct and complete on the Closing Date, and any related agreements or
certificates filed in accordance with applicable state law, and (B) a copy of the operating agreement of Holdings, certified by a Responsible Officer of Holdings as being true, correct and complete on the Closing Date, and any related
agreements or certificates filed in accordance with applicable state law, and (iv) such documents and certifications as the Administrative Agent may reasonably require to evidence that each of the Borrower and Holdings 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. 

(b) Revolving Credit Notes. Delivery of a Revolving Credit Note executed by the Borrower in favor of each Lender requesting a Revolving
Credit Note to each such Lender. 
 (c) Financing Documents; Transaction Documents; and Initial Base Case Model. Delivery to the
Administrative Agent of (i) executed copies of (A) each Financing Document to which the Borrower or Holdings is a party and (B) the Transaction Documents in effect as of the Closing Date, in each case duly authorized, executed and
delivered by the parties thereto and (ii) the initial Base Case Model, certified by the Independent Engineer as to the reasonableness of the underlying technical, operating and construction assumptions set forth therein. The Transaction
Documents shall either (A) meet all applicable requirements in the Minimum Criteria or (B) otherwise be reasonably acceptable to the Required Lenders. 

(d) Certificates of Borrower. The Administrative Agent shall have received a certificate, dated as of the Closing Date, signed by a
Responsible Officer of the Borrower, in substantially the form of Exhibit H. 
 (e) Legal Opinions. Delivery of legal opinions
of counsel to the Borrower and Holdings addressing such matters as the Lenders shall reasonably request, including corporate matters with respect to the Borrower and Holdings. 

  
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 (f) Absence of Litigation. No action, suit, proceeding or investigation shall have
been instituted or threatened in writing in any court or before any arbitrator or Governmental Authority that could reasonably be expected to have a Material Adverse Effect. 

(g) Payment of Filing Fees. All amounts required to be paid to or deposited with the Administrative Agent, the Collateral Agent and the
Depositary Bank, and all Taxes, fees and other costs payable in connection with the execution, delivery, recordation and filing of the documents and instruments referred to in this Section 4.01, shall have been paid in full. 

(h) Collateral Documents. Delivery to the Collateral Agent of the following: 

(i) certificates and instruments representing the “Pledged Collateral” referred to and defined in the Pledge and
Security Agreement and the Pledge Agreement, accompanied, in each case, by undated stock powers or instruments of transfer executed in blank; 

(ii) proper financing statements naming each of the Borrower and Holdings, respectively, as debtors, in form appropriate for
filing under the UCC of all jurisdictions that the Administrative Agent may deem necessary in order to perfect the Liens created under the Pledge and Security Agreement and the Pledge Agreement, covering the Collateral described in the Pledge and
Security Agreement and the Pledge Agreement; 
 (iii) certified copies of UCC, tax and judgment lien searches, or equivalent
reports or searches, each of a recent date listing all effective financing statements, lien notices or comparable documents (together with copies of such financing statements and documents) that name Holdings or the Borrower as debtor and that are
filed in those state and county jurisdictions in which either Holdings or the Borrower is organized or maintains its principal place of business, none of which encumbers the Collateral covered or intended to be covered by the Collateral Documents
(other than Permitted Liens or Liens discharged on or prior to the Closing Date pursuant to documentation reasonably satisfactory to the Administrative Agent); and 

(iv) evidence that all other actions, recordings and filings that the Administrative Agent may deem necessary in order to
perfect the Liens created under the Pledge and Security Agreement and the Pledge Agreement has been taken (including receipt of duly executed payoff letters, UCC-3 termination statements and landlords’
and bailees’ waiver and consent agreements). 
 (i) No Material Adverse Effect. No Material Adverse Effect shall have occurred
and be continuing. 
 (j) Establishment of Accounts. Each of the Accounts shall have been established. 

(k) Representations and Warranties. Each representation and warranty of the Borrower and Holdings under the Financing Documents shall
be true and correct in all material respects (other than any representation or warranty that relates solely to an earlier date, which representation or warranty shall have been true and correct in all material respects as of such earlier date). 

  
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 (l) Payment of Fees. (i) All fees, costs and expenses of the Administrative
Agent, the Collateral Agent, the Depositary Bank and the Arrangers required to be paid to the Administrative Agent, the Depositary Bank and the Arrangers on or before the Closing Date shall have been paid or will be paid concurrently on the Closing
Date and (ii) all fees required to be paid to the Lenders on or before the Closing Date shall have been paid or will be paid concurrently on the Closing Date. 

(m) No Event of Bankruptcy; Solvency Certificate. No event of bankruptcy shall have occurred with respect to Holdings, the Borrower or
any Subsidiary of the Borrower and the Administrative Agent shall have received a certificate, duly executed by Borrower, in the form attached hereto as Exhibit G. 

(n) PATRIOT Act; Beneficial Ownership. Each Lender shall have received, no less than five (5) Business Days prior to the Closing
Date (unless otherwise agreed by such Lender), all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the PATRIOT
Act. At least ten (10) days prior to the Closing Date, the Borrower shall have delivered to the Administrative Agent a Beneficial Ownership Certification under the Beneficial Ownership Regulation. 

(o) No Defaults. No Default or Event of Default shall have occurred and be continuing, or shall occur as a result of the occurrence of
the Closing Date. 
 (p) Certificate and Report of Insurance Consultant. Delivery of the Insurance Consultant’s certificate in
substantially the form of Exhibit I-1, along with the Insurance Consultant’s report attached thereto and a corresponding reliance letter from such Insurance Consultant, in each case in form and
substance reasonably satisfactory to the Administrative Agent. 
 (q) [Reserved]. 

(r) Approvals. All consents, approvals, authorizations and filings required in connection with the execution, delivery and performance
by the Borrower and Holdings and the validity against the Borrower and Holdings of the Financing Documents to which it is a party and the consummation of the transactions thereunder shall have been obtained or made and shall be in full force and
effect as of the Closing Date. 
 4.02 Conditions Precedent to each Initial Project Funding Date. The initial funding of Revolving
Loans for a Project (the date on which such Loans are made, such Project’s “Initial Project Funding Date”) is subject to the satisfaction of the following conditions: 

(a) Borrower Equity. Equity Contributions required to be in compliance with the Maximum Project Funding Ratio and the Debt Sizing
Criteria shall have been paid to the Borrower or any Subsidiary thereof (or to the applicable payee if made through the payment of Project Costs on behalf of a Project), or otherwise credited to the Projects in the case of previously funded Equity
Contributions, in an amount not less than the Allocated Minimum Equity Contribution, and as certified by the Independent Engineer. 

  
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 (b) Transaction Documents; Collateral Documents. 

(i) Delivery of true, correct and complete copies of all Project Documents and all other Transaction Documents with respect to
such Project in effect as of such Initial Project Funding Date, which documents have been duly authorized, executed and delivered by the parties thereto, and are in full force and effect on the Initial Project Funding Date; provided that,
delivery of Acquisition Documents shall not be required in connection with any Operating Project to the extent that the applicable Eligibility Representations and Warranties as set forth in Section 20 of Schedule 1.01(E) are made without
disclosure or qualification. The Transaction Documents shall either (A) meet all applicable Eligible Vendor Requirements or (B) solely to the extent the applicable Transaction Document is of a type governed by the Eligible Vendor
Requirements, otherwise be reasonably acceptable to the Required Lenders. 
 (ii) Delivery of Consents in form and substance
satisfactory to the Administrative Agent from the counterparties to each Tax Equity Document and Power Purchase Agreement in respect of such Project delivered pursuant to Section 4.02(b)(i), in each case, (A) that is a Material
Project Document or (B) to the extent that at least 5% of Borrower’s aggregate Net Cash Flow in respect of any period of four consecutive Fiscal Quarters is reasonably expected to be attributable to such Tax Equity Document or Power
Purchase Agreement, in each case, solely to the extent that the Administrative Agent reasonably determines that the creation or perfection of any Lien contemplated under the Financing Documents or the exercise of any of the Secured Parties’
rights or remedies under the Collateral Documents (including upon foreclosure) could reasonably be expected to conflict with or result in any breach or contravention of such Tax Equity Document or Power Purchase Agreement absent the consent of the
applicable Tax Equity Investor or Power Purchaser; provided that, with respect to the foregoing clause (B), such condition shall be deemed satisfied even if such Consent is not delivered so long as Borrower has certified in writing that it
has used commercially reasonable efforts to obtain such Consent. 
 (c) Insurance Consultant. 

(i) With respect to any Material Project, delivery of the Insurance Consultant’s certificate with respect to such Project,
in substantially the form of Exhibit I-3, confirming the Borrower’s substantial compliance with the minimum insurance requirements. 

(ii) With respect to a Non-Material Project, delivery of the Insurance
Consultant’s completed checklist with respect to such project, in substantially the form of Exhibit I-2. 

  
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 (d) Insurance. Delivery of each of the following in form and substance reasonably
satisfactory to the Administrative Agent: (i) customary insurance certificates confirming that the Required Insurance with respect to such Project has been obtained and (ii) a certificate from the Borrower’s authorized broker or other
insurance representative, dated as of the Initial Project Funding Date, and identifying the type of insurance, amounts, deductibles and policy terms and stating that such insurance is in full force and effect and that all premiums due thereon have
been paid. 
 (e) Independent Engineer. 

(i) With respect to any Material Project, no less than five (5) Business Days prior to such Initial Project Funding Date,
delivery of the applicable Independent Engineer’s certificate with respect to such Project, in substantially the form of Exhibit J-1 (an “Independent Engineer’s Certificate”),
with the Independent Engineer’s report with respect to such Project attached thereto in form and substance reasonably satisfactory to the Administrative Agent (in consultation with the Lenders), along with the corresponding reliance letter from
such Independent Engineer, which report shall include a review of the items delivered pursuant to Sections 4.02(i), 4.02(j) and 4.02(p) and shall confirm (A) that such Project is in compliance with the Maximum Project Funding
Ratio, (B) that the revenue assumptions have been properly incorporated into the Base Case Model, (C) with respect to any Construction Project, that the Construction Budget and Project Schedule with respect to such Project is consistent
with the Base Case Model, (D) that each of the revenue assumptions and, with respect to any Construction Project, the Project Schedule and the Construction Budget, for such Project is reasonable based on the Independent Engineer’s review
of the applicable Project Documents in respect of such Project, and, if applicable, the Market Consultant’s report delivered pursuant to Section 4.02(g), (E) that the projected O&M Costs (including with respect to required
reserves and credit support obligations) and the projected performance (including output, environmental and Permit compliance, and availability, individually or taken as a whole) of such Project have been properly incorporated into the Base Case
Model and (F) with respect to each Project that includes any battery storage system, adequate cash reserves have been established or adequate letter of credit capacity is available hereunder to meet any credit support or remediation
obligations. 
 (ii) With respect to a Non-Material Project, no less than five
(5) Business Days prior to such Initial Project Funding Date, delivery of the Independent Engineer’s completed checklist with respect to such project, in substantially the form of Exhibit J-2
(an “Independent Engineer’s Checklist”). 
 (f) Due Diligence Summary; Existing Environmental Reports. Delivery
of a due diligence summary prepared by Sponsor or its counsel in connection with the acquisition of such Project, together with any existing environmental reports in the possession of the Borrower or any of its Affiliates, including to the extent
such reports have been prepared in connection with any Permitted Tax Equity Arrangements or Acquisition Documents. 

  
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 (g) Market Consultant. With respect to any Project for which merchant cash flows are
contemplated in the updated Base Case Model delivered pursuant to Section 4.02(h), delivery of a copy of the merchant curve generated by the Market Consultant and utilized for preparing the Base Case Model. 

(h) Base Case Model; Project Funding Certificate. Borrower shall have furnished to Administrative Agent each of the following, each of
which shall be in form and substance reasonably satisfactory to the Administrative Agent: (i) an updated Base Case Model in form and substance satisfactory to the Required Lenders at least five (5) Business Days prior to such Initial
Project Funding Date, revised as of such Initial Project Funding Date to reflect any modifications required due to assumptions relating to the Project(s) for which such Loans are requested, revised Net Cash Flow based on the Project(s) for which
such Loans are requested and otherwise accounting for the funding of such Loans and such Letters of Credit for such Project(s), certified by the Independent Engineer as to the reasonableness of the underlying technical, operating and construction
assumptions set forth therein, and demonstrating that such requested Loans are in compliance with the Debt Sizing Criteria and Maximum Loan Amount, and (ii) a Project Funding Certificate. The Administrative Agent shall have five
(5) Business Days to review such updated Base Case Model and if the Administrative Agent does not object or comment within such period (or, if the Administrative Agent does object or comment, if such objections or comments are addressed to the
reasonable satisfaction of the Administrative Agent), the amounts and calculations set forth in the updated Base Case Model delivered by the Borrower shall be the definitive amounts and calculations for purposes of satisfying this condition, subject
to the Independent Engineer’s certification required pursuant to the foregoing clause (i). Borrower shall have furnished to the Independent Engineer each then current financial model prepared by or on behalf of Borrower or any of its
Subsidiaries in connection with such Project, including any such model prepared in connection with any Permitted Tax Equity Arrangement for such Project, to the extent that the inputs and revenue, technical, operating or construction assumptions
from any such model are incorporated into the Base Case Model delivered pursuant to the foregoing clause (i). 
 (i) Project Schedules;
Construction Budgets; and Operating Budgets. 
 (i) With respect to any Construction Project, the Borrower shall have
delivered (A) a construction budget for such Project in the form of Exhibit O (a “Construction Budget”), including all of the Project Costs for such Project and a contingency amount for cost overruns to be agreed and
consistent with the Base Case Model and (B) a construction schedule for such Project in the form of Exhibit P demonstrating that such Project is projected to achieve Commercial Operation at least six months prior to the Maturity Date (a
“Project Schedule”), in each case, with respect to a Material Project, in form and substance reasonably satisfactory to the Administrative Agent (in consultation with the Independent Engineer). 

(ii) With respect to any Project that is an Operating Project, the Borrower shall have delivered an Initial Operating Budget,
in form and substance reasonably satisfactory to the Administrative Agent. 

  
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 (j) EPC Contract; Notice to Proceed; Equipment Procurement. With respect to any
Construction Project, the Borrower shall have delivered to the Administrative Agent (and in the case of a Material Project, in form and substance reasonably satisfactory to the Administrative Agent): (i) a copy of the EPC Contract with respect to
such Project, which shall have been duly executed and be in full force and effect, (ii) an unconditional notice to proceed or other evidence that the EPC Contractor with respect to such Project shall have been given or otherwise been
unconditionally directed to begin performance under the EPC Contract to which it is a party on or prior to the applicable Initial Project Funding Date and (iii) copies of all equipment procurement arrangements relating to modules, batteries,
racking systems and inverters, as applicable, for such Project (if such equipment is not otherwise procured by the Project Company pursuant to the EPC Contract), which shall be executed and be in full force and effect. With respect to any
Construction Project, the Borrower shall deliver to the Administrative Agent copies of the most recently available, if any, quarterly and annual financial statements of the EPC Contractor (as used in this sentence, limited to the prime engineering,
construction and procurement contractor) for such Project to the extent such EPC Contractor is not a public reporting company. 
 (k)
Debt Service Reserve Account. The Debt Service Reserve Account shall be funded in cash, with one or more Letters of Credit issued hereunder or with one or more Acceptable Letters of Credit issued for the Debt Service Reserve Account Required
Balance in an amount at least equal to the Debt Service Reserve Account Required Balance. 
 (l) Closing Date. The Closing Date shall
have occurred or will occur concurrently with such Initial Project Funding Date. 
 (m) Sufficient Funds. With respect to any
Construction Project, there are sufficient available disbursements under the Revolving Credit Facility, when taken together with the proceeds of the Equity Contributions on deposit on the Revenue Account and amounts to be provided pursuant to
Sponsor Equity Commitments and Permitted Tax Equity Arrangements to provide sufficient funds to achieve Commercial Operation and Completion prior to such Project’s Project Date Certain. To the extent that any letters of credit or other credit
support will be required to be provided to contractual counterparties for such Project, there is projected to be sufficient available commitments under the Letter of Credit Sublimit to issue Letters of Credit to support such obligations. 

(n) Project Acquisition. With respect to any Project subject to an Acquisition Document, the acquisition under such Acquisition
Document shall have been consummated or shall be consummated concurrently with the occurrence of the Initial Project Funding Date of such Project. 

(o) Funds Flow Memorandum. The Borrower shall have delivered to the Administrative Agent a duly executed letter of direction directing
the disbursement on such Initial Project Funding Date of the proceeds of the Loans made on such date or, if the Borrower elects not to deliver such letter of direction, the proceeds of such Loans shall be deposited into the Revenue Account. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (p) Pre-Construction Drawings. With respect to
any Construction Project, the Borrower (in consultation with the Independent Engineer for such Project) shall have delivered pre-construction drawings for such Project which, in the case of a Material Project,
shall be in form and substance reasonably satisfactory to the Administrative Agent. 
 (q) Borrower Certificate. No less than five
(5) Business Days prior to such Initial Project Funding Date, the Administrative Agent shall have received a certificate, signed by a Responsible Officer of Borrower, in substantially the form of Exhibit
B-2, attaching the updated Asset Register for such Project, and certifying that: 

(i) the Eligibility Representations and Warranties with respect to such Project are true and correct in all material respects
as of such Initial Project Funding Date, other than those representations and warranties which are modified by materiality by their own terms, which shall be true and correct in all respects as of such Initial Project Funding Date (unless such
representation or warranty relates solely to an earlier date, in which case it shall have been true and correct in all material respects as of such earlier date); 

(ii) each Project that is the subject of the requested Loan satisfies the Eligible Vendor Requirements; 

(iii) after giving effect to such Loan, the Borrower shall be in compliance with the Concentration Limits; and 

(iv) no Provider Default shall have occurred and be continuing. 

(r) Representations and Warranties. Each representation and warranty of the Borrower and Holdings under the Financing Documents shall
be true and correct in all material respects as if made on the applicable Initial Project Funding Date, unless such representation or warranty expressly relates solely to an earlier date, in which case it shall have been true and correct in all
material respects as of such earlier date. 
 (s) No Defaults. No Default or Event of Default shall have occurred and be continuing,
or shall occur as a result of the occurrence of such Initial Project Funding Date. 
 (t) Notice of Borrowing. The Administrative
Agent shall have received a Notice of Borrowing, in substantially the form of Exhibit A, no less than two (2) Business Days prior to such Initial Project Funding Date. 

(u) Liens. All Liens contemplated to be created and perfected in favor of the Collateral Agent pursuant to the Collateral Documents
shall have been so created and perfected in the applicable jurisdiction. 
 (v) Collateral Documents. Delivery to the Collateral
Agent of the following: 
 (i) certificates and instruments representing the “Pledged Collateral” referred to and
defined in the Pledge and Security Agreement with respect to any direct Subsidiary of the Borrower that directly or indirectly owns such Project, accompanied, in each case, by undated stock powers or instruments of transfer executed in blank; and

  
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 (ii) certified copies of UCC, tax and judgment lien searches, or equivalent
reports or searches, each of a recent date listing all effective financing statements, lien notices or comparable documents (together with copies of such financing statements and documents) that name the applicable direct and indirect Subsidiaries
that directly or indirectly own such Project as debtor and that are filed in those state and county jurisdictions in which such Subsidiary is organized or maintains its principal place of business. 

(w) Contribution Agreement. To the extent such Project Company was contributed to Borrower by Holdings, the Administrative Agent shall
have received a duly executed and delivered copy of the applicable Contribution Agreement in form and substance reasonably satisfactory to the Administrative Agent. 

(x) Organization Documents. Delivery to the Administrative Agent of the Organization Documents of each Subsidiary of the Borrower that
is formed or acquired on such Initial Project Funding Date, and such documents and certifications as the Administrative Agent may reasonably require to evidence that each Subsidiary 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. 

(y) Applicable Equator Principles. With respect to a Construction Project, either (i) each Lender shall have satisfactorily completed its
due diligence review of the Applicable Equator Principles as they relate to such Project, it being understood that Lenders’ satisfaction may require consultation with the Independent Engineer or a different consultant reasonably satisfactory to
the applicable Lenders or (ii) Borrower shall have delivered a due diligence checklist addressing such Project’s compliance with the Applicable Equator Principles applicable to such Project, certified by the Borrower to have been prepared
on the advice of its external advisors and be in form and substance previously agreed by each Lender, it being understood that Lenders’ satisfaction may require consultation with the Independent Engineer or a different consultant reasonably
satisfactory to the applicable Lenders. 
 4.03 Conditions Precedent to each Subsequent Project Funding Date. The funding of each
Revolving Loan (x) in respect of a Project other than on an Initial Project Funding Date (each such date on which such Loans are made, a “Subsequent Project Funding Date”) or (y) not in connection with a Project (each such
date on which such Loans are made, an “Other Funding Date”), is subject to the satisfaction of the following conditions; provided that, notwithstanding anything to the contrary in any Financing Document, no Borrowing in
excess of the Maximum Loan Amount, calculated and determined before giving effect to the event resulting in such Project becoming a Cancelled Project, shall be permitted with respect to a Project that would otherwise constitute a Cancelled Project
but for operation of Section 2.04(b)(v)(B): 
 (a) Notice of Borrowing. The Administrative Agent shall have received a
Notice of Borrowing, in substantially the form of Exhibit A, no less than two (2) Business Days prior to such Subsequent Project Funding Date or Other Funding Date, as applicable. 

  
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 (b) Debt Service Reserve Account. The Debt Service Reserve Account shall be funded in
cash, with one or more Letters of Credit issued hereunder or with one or more Acceptable Letters of Credit issued for the Debt Service Reserve Account Required Balance in an amount at least equal to the Debt Service Reserve Account Required Balance.

 (c) Borrower Certificate. No less than five (5) Business Days prior to such Subsequent Project Funding Date, the
Administrative Agent shall have received a certificate, signed by a Responsible Officer of Borrower, in substantially the form of Exhibit B-2, and certifying that: 

(i) solely in connection with a Subsequent Project Funding Date, the Eligibility Representations and Warranties with respect to
such Project are true and correct in all material respects as of such Subsequent Project Funding Date, other than those representations and warranties which are modified by materiality by their own terms, which shall be true and correct in all
respects as of such Subsequent Project Funding Date (unless such representation or warranty relates solely to an earlier date, in which case it shall have been true and correct in all material respects as of such earlier date); 

(ii) solely in connection with a Subsequent Project Funding Date, to the extent the “Scheduled Date for Completion”
of such Construction Project has occurred, Completion has not occurred and the Project Date Certain has not yet occurred (as such dates are specified in the Asset Register for such Project), none of the proceeds of such Revolving Loans will be used
to finance any cost overruns in respect of such Project; and 
 (iii) no Provider Default shall have occurred and be
continuing. 
 (d) Representations and Warranties. Each representation and warranty of the Borrower and Holdings under the Financing
Documents shall be true and correct in all material respects as if made on the applicable Subsequent Project Funding Date or Other Funding Date, as applicable, unless such representation or warranty expressly relates solely to an earlier date, in
which case it shall have been true and correct in all material respects as of such earlier date. 
 (e) No Defaults. No Default or
Event of Default shall have occurred and be continuing, or shall occur as a result of the occurrence of such Subsequent Project Funding Date or Other Funding Date, as applicable. 

(f) Initial Project Funding Date. Solely in connection with a Subsequent Project Funding Date, the Initial Project Funding Date in
respect of the Project that is the subject of the requested Loan has occurred on or prior to such Subsequent Project Funding Date. 
 (g)
Borrower Equity. Equity Contributions required to be in compliance with the Maximum Project Funding Ratio and the Debt Sizing Criteria shall have been paid to the Borrower or any Subsidiary thereof (or to the applicable payee if made through
the payment of Project Costs on behalf of a Project), or otherwise credited to the Projects in the case of previously funded Equity Contributions, in an amount not less than the Allocated Minimum Equity Contribution, and as certified by the
Independent Engineer. 

  
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 (h) Funds Flow Memorandum. The Borrower shall have delivered to the Administrative
Agent a duly executed letter of direction directing the disbursement on such Subsequent Project Funding Date or Other Funding Date, as applicable, of the proceeds of the Loans made on such date or, if the Borrower elects not to deliver such letter
of direction, the proceeds of such Loans shall be deposited into the Revenue Account. 
 (i) Reserved. 

(j) Independent Engineer Compliance Certificate. Solely in connection with a Subsequent Project Funding Date, in the event that such
Borrowing is in respect of a Project in respect of which there has occurred a cost overrun or delay in excess of 10% of the costs set forth in the Construction Budget for such Project or allocable to such Project in the Operating Budget if a
Material Project or 15% of the costs set forth in the Construction Budget for such Project or allocable to such Project in the Operating Budget for such Project if a Non-Material Project, the Borrower shall
have delivered to the Administrative Agent an Independent Engineer Compliance Certificate certified by the Independent Engineer no less than five (5) Business Days prior to such Subsequent Project Funding Date. 

4.04 Conditions Precedent to the Issuance of Letters of Credit. 

The making of each L/C Credit Extension (each such date on which such Loans are made, an “L/C Credit Extension Date”) is
subject to the satisfaction of the following conditions: 
 (a) No Default. No Default or Event of Default shall have occurred and be
continuing or will occur after giving effect to such L/C Credit Extension. 
 (b) Letter of Credit Notice and Application. Each
Issuing Bank shall have received a duly executed and delivered Letter of Credit Notice and Letter of Credit Application in respect of such L/C Credit Extension. 

(c) Representations and Warranties. Each representation and warranty of the Borrower and Holdings under the Financing Documents shall
be true and correct in all material respects (other than any representation or warranty that relates solely to an earlier date, which representation or warranty shall have been true and correct in all material respects as of such earlier date). 

  
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 (d) Certificate of Borrower. The Administrative Agent shall have received a
certificate, dated as of such L/C Credit Extension Date, signed by a Responsible Officer of Borrower, in substantially the form of Exhibit M: 

(i) certifying that the Eligibility Representations and Warranties with respect to such Project are true and correct in all
material respects as of the date of such L/C Credit Extension, other than those representations and warranties which are modified by materiality by their own terms, which shall be true and correct in all respects as of the date of such L/C Credit
Extension (unless such representation or warranty relates solely to an earlier date, in which case it shall have been true and correct in all material respects as of such earlier date); and 

(ii) certifying that no Provider Default shall have occurred and be continuing. 

(e) Liens. All Liens contemplated to be created and perfected in favor of the Collateral Agent pursuant to the Collateral Documents
shall have been so created and perfected in the applicable jurisdiction. 
 (f) Initial Project Funding Date. The Initial Project
Funding Date for such Project shall have occurred or will occur concurrently with the date of such L/C Credit Extension. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants to each Agent and the Lenders, as of the Closing Date, each Initial Project Funding Date, each Subsequent
Project Funding Date, each Other Funding Date and each L/C Credit Extension Date (except that any representation or warranty in this Article V which relates expressly to an earlier date, by direct reference or by reference to a document dated
a certain date, shall be deemed made only as of such earlier date), on behalf of itself and its Subsidiaries, that:  
 5.01
Existence, Qualification and Power. The Borrower and each of its Subsidiaries (a) is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization,
(b) has all requisite power and authority and all requisite governmental licenses, 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 Financing Documents and Transaction Documents, in each case, to which it is a party, and (c) is duly qualified and is licensed and, as 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, with respect to clause (b)(i) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 

5.02 Authorization; No Contravention. The execution, delivery and performance by the Borrower of each Financing Document and
Transaction Document to which the Borrower is a party (a) have been duly authorized by all necessary organizational action on the part of the Borrower; and (b) do not and will not (i) contravene the terms of any of the Borrower’s
Organization Documents; (ii) conflict with or result in any breach or contravention of (A) any Contractual Obligation to which the Borrower is a party or to which the properties of the Borrower or any of its Subsidiaries are subject, or
(B) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which the Borrower or its property is subject, except, with respect to clause (b)(ii), to the extent such conflict, breach or contravention could
not reasonably be expected to have a Material Adverse Effect; (iii) result in, or require, the creation of any Lien upon any of the material properties or assets of the Borrower (other than any Liens created under any of the Collateral
Documents and other Permitted Liens); or (iv) violate, in any material respect, any Law applicable to the Borrower or any of its Subsidiaries. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 5.03 Permits; Other Consents. (a) No consent, approval or authorization of, or
registration, filing or declaration with, any Governmental Authority is required in connection with (i) the execution, delivery or performance by the Borrower of the Financing Documents or Transaction Documents to which it is a party,
(ii) the grant by the Borrower of the Liens granted by it pursuant to the Collateral Documents, (iii) the perfection or maintenance of the Liens created under the Collateral Documents (including the first priority nature thereof) or the
exercise by the Administrative Agent or any Lender of its rights under the Financing Documents or the remedies in respect of the Collateral pursuant to the Collateral Documents, in each case, except for (A) those that have already been obtained
or made, (B) filings and recordings with respect to the Collateral, (C) those which, if not obtained or made, would not reasonably be expected to have a Material Adverse Effect, and (D) those as are necessary under Section 203 of
the Federal Power Act or any applicable provision of any state utility regulatory law in connection with the exercise of certain remedies in respect of the Collateral. 

(b) All (i) Permits, which under applicable Laws are required to have been obtained by the Borrower or any Subsidiary thereof in
connection with the conduct of its business and the ownership of the Projects, and (ii) Applicable Permits (all of the foregoing, collectively, the “Necessary Permits”), have been obtained, are in full force and effect, and are
properly in the name of the appropriate Person and are final, and all appeal periods with respect thereto have expired or terminated, except for any such Permits (A) that are reasonably expected to be obtained in the ordinary course when
required or (B) for which any failure of the foregoing would not reasonably be expected to have a Material Adverse Effect. 
 (c) With
respect to each Necessary Permit, (i) the Borrower and its applicable Subsidiaries have performed or complied with all agreements and conditions contained therein, and (ii) neither the Borrower nor any of its applicable Subsidiaries is in
default in the performance of or compliance with any of the material terms or provisions of any Necessary Permit, except, in the case of clause (i) or (ii), where such nonperformance, noncompliance or default would not reasonably be expected to
have a Material Adverse Effect. 
 5.04 Binding Effect. (a) Each of the Financing Documents and Transaction Documents to which
the Borrower is party (i) has been duly executed and delivered by the Borrower, and (ii) except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights
generally or by equitable principles relating to enforceability, constitutes a legal, valid and binding obligation of the Borrower, enforceable against it in accordance with its terms. 

(b) The Service Agreement (i) has been duly executed and delivered by the applicable Affiliates of the Borrower party thereto and
(ii) except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability, constitutes a legal, valid and
binding obligation against such Person, enforceable against it in accordance with its terms, except, with respect to clause (i) or (ii), as could not reasonably be expected to have a Material Adverse Effect. 

  
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 5.05 Financial Statements; No Material Adverse Effect. (a) The Audited Financial
Statements delivered pursuant to Section 6.01(a) (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 Borrower and its Subsidiaries as of the date thereof and their results of operations, cash flows and changes in members’ equity for the period covered thereby in accordance with GAAP
consistently applied throughout the period covered thereby, except as otherwise expressly noted therein. 
 (b) The unaudited consolidated
balance sheet of the Borrower and its Subsidiaries, and the related consolidated statements of income and members’ equity for the applicable Fiscal Quarter, in each case delivered pursuant to Section 6.01(b) (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 Borrower and its Subsidiaries 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 the date of the balance sheet included in the Audited Financial Statements, there has been no event or circumstance, either
individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect. 
 (d) (i) The Base
Case Model, each Construction Budget and each Operating Budget has been prepared in good faith using assumptions believed by the Borrower to be reasonable at the time made, and consistent, in all material respects, with the relevant provisions of
the applicable Material Project Documents; provided that the projections set forth in the Base Case Model, any such Construction Budget or any such Operating Budget, in each case, are not to be viewed as facts and that actual results during
the period or periods covered thereby may differ from such projections and such differences may be material; (ii) with respect to any Operating Budget, during the period covered thereby, indicate that the estimated O&M Costs with respect to
the Projects will not exceed funds available to pay O&M Costs with respect to the Projects; and (iii) with respect to any Construction Budget, indicate that the estimated Project Costs required for the applicable Project to achieve
Commercial Operation and Completion by such Project’s Project Date Certain do not exceed the amount available to be disbursed under the Revolving Credit Facility, the proceeds of any Equity Contributions on deposit or to be deposited in the
Revenue Account or any Local Account, and any amounts to be provided pursuant to any Sponsor Equity Commitment or Permitted Tax Equity Arrangements, in the aggregate. 

5.06 Litigation. There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Borrower or any of
its Subsidiaries, threatened, at law, in equity, in arbitration or before any Governmental Authority, by or against the Borrower or any of its Subsidiaries or against any of their properties or revenues or any of the Projects that either
individually or in the aggregate, if determined adversely, could reasonably be expected to have a Material Adverse Effect. 

  
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 5.07 No Default. No Default or Event of Default has occurred and is continuing or
would result from the consummation of the transactions contemplated by this Agreement or any other Financing Document to occur as of each date this representation is made.  

5.08 Ownership of Property. The Borrower and each of its Subsidiaries have good and valid title to, or leasehold interest in, their
respective real and personal properties (including the Collateral), in each case free and clear of Liens other than Liens pursuant to or as allowed by the Financing Documents, except for such defects in title as could not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect. 
 5.09 Insurance. All Required Insurance has been obtained and
is in full force and effect, and premiums required to be paid thereunder are fully paid. 
 5.10 Taxes. To the knowledge of the
Borrower or any of its Subsidiaries during any applicable Pre-Ownership Period, and without regard to the knowledge of any Person at all other times: 

(a) The Borrower and its Subsidiaries have filed all federal, state and other Tax returns required to be filed, and have paid all federal,
state and other Taxes (whether or not shown to be due and payable on such Tax returns) and all other Taxes and assessments levied or assessed on them or on or with respect to their properties, assets, income or franchises, to the extent such Taxes
and assessments have become due and payable and before they have become delinquent, except for any Tax returns, Taxes and assessments (i) the non-filing or
non-payment of which would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect or (ii) the amount, applicability or validity of which is currently being
contested in good faith by appropriate proceedings and with respect to which (x) the Borrower or such Subsidiary, as the case may be, has established adequate reserves in accordance with GAAP, and (y) there is no material risk of seizure
of any material property or asset of the Borrower or such Subsidiary. 
 (b) For U.S. federal and applicable state income Tax purposes, the
Borrower and each of its Subsidiaries (other than Subsidiaries formed by, acquired or contributed to the Borrower in connection with a Permitted Tax Equity Arrangement, Tax Equity Document or Project Acquisition, and in each case the expected tax
effects of which are properly reflected in the applicable Base Case Model) have at all times since its formation been treated as a partnership (that is not a “publicly traded partnership” as defined in Section 7704 of the Code) or
disregarded entity and no elections have been filed to treat the Borrower as an association taxable as a corporation. Except as would not reasonably be expected to be material, none of the Borrower nor any Subsidiary has made an election under
Section 1101(g)(4) of the Bipartisan Budget Act, or any subsequent law or guidance (including pursuant to Treasury Regulations Section 301.9100-22T) to have the provisions of Section 1101 of the
Bipartisan Budget Act apply to any partnership income Tax returns of the Borrower or such Subsidiary filed for any taxable year beginning before January 1, 2018. Neither the Borrower nor any Subsidiary is party to any tax sharing agreement with
any Person or any other agreement pursuant to which it is liable for the material Taxes of 

  
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 another Person (including with any Affiliate of the Borrower or its Subsidiaries) other than in connection
with a Permitted Tax Equity Arrangement or customary provisions contained in any agreements entered into in the ordinary course of business and not primarily related to Taxes. Neither the Borrower nor any Subsidiary has any outstanding liability for
any payment of amounts with respect to material Taxes of any other Person (other than the Borrower or any Subsidiary) as a result of being a member of an affiliated, consolidated, combined or unitary group, or as a result of succeeding to such
liability as a result of merger, conversion or asset acquisition, which would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(c) Neither the Borrower nor any of its Subsidiaries is a Tax-Exempt Person (other than as a result of
the status or ownership of any Tax Equity Investor). (i) No default, inaccuracy, breach, failure, determination, event, loss or other circumstance has occurred in connection with any representation, warranty, certification, covenant, agreement or
obligation by the Borrower or any of its Subsidiaries under any Tax Equity Document and (ii) no event, action, inaction or other circumstance has otherwise occurred which, in the case of either (i) or (ii), could reasonably be expected to
result in (x) any reduction in the amount of, or any preclusion of the availability of, any Tax credit or other Tax benefit otherwise available, or reasonably expected to be available, with respect to any Project subject to a Tax Equity
Document or (y) any material recapture, disallowance, reduction, delay or loss of any Tax credit or other Tax benefit claimed with respect to any Project subject to a Tax Equity Document and, in the case of either (x) or (y), which would
individually or in the aggregate reasonably be expected to have a Material Adverse Effect. 
 5.11 ERISA Compliance. (a) The
Borrower and each ERISA Affiliate have operated and administered each Plan in compliance with all applicable Laws except for such instances of noncompliance as have not resulted in and would not, individually or in the aggregate, reasonably be
expected to result in a Material Adverse Effect. Neither the Borrower nor any ERISA Affiliate has incurred any liability pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code relating to employee benefit plans (as
defined in section 3 of ERISA), and no event, transaction or condition has occurred or exists that would, individually or in the aggregate, reasonably be expected to result in the incurrence of any such liability by the Borrower or any ERISA
Affiliate, or in the imposition of any Lien on any of the rights, properties or assets of the Borrower or any ERISA Affiliate, in either case pursuant to Title I or IV of ERISA or to section 430(k) of the Code or to any such penalty or excise tax
provisions under the Code or federal law or section 4068 of ERISA or by the granting of a security interest in connection with the amendment of a Plan, other than such liabilities or Liens as would not, individually or in the aggregate, reasonably
be expected to result in a Material Adverse Effect. 
 (b) The present value of the aggregate benefit liabilities under each of the Plans
(other than Multiemployer Plans), determined as of the end of such Plan’s most recently ended plan year on the basis of the actuarial assumptions specified for funding purposes in such Plan’s most recent actuarial valuation report, did not
exceed the aggregate current value of the assets of such Plan allocable to such benefit liabilities, except as would not reasonably be expected to have a Material Adverse Effect. The term “benefit liabilities” has the meaning
specified in section 4001 of ERISA and the terms “current value” and “present value” have the meaning specified in section 3 of ERISA. 

  
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 (c) The Borrower and its ERISA Affiliates have not incurred withdrawal liabilities (and are
not subject to contingent withdrawal liabilities) under section 4201 or 4204 of ERISA in respect of Multiemployer Plans that individually or in the aggregate would reasonably be expected to have a Material Adverse Effect. 

(d) The expected postretirement benefit obligation (determined as of the last day of the Borrower’s most recently ended fiscal year in
accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 715-60, without regard to liabilities attributable to continuation coverage mandated by section 4980B of the Code)
of the Borrower and its Subsidiaries has not resulted in and could not reasonably be expected to result in a Material Adverse Effect. 
 (e)
The Borrower and its Subsidiaries do not have any Non-U.S. Plans. 
 5.12 Equity Interests.
The Borrower has no Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.12 (as such schedule may be amended by the Borrower, from time to time, to reflect any Disposition permitted pursuant to
Section 7.05 or any Project Acquisition) as of each date this representation is made. All of the outstanding Equity Interests owned, directly or indirectly, by the Borrower in such Subsidiaries have been validly issued, are fully paid
and non-assessable and are owned by the Borrower free and clear of all Liens except for those created under the Collateral Documents and Permitted Liens. The Borrower does not own Equity Interests in any
Person that is not a Subsidiary, other than those specifically disclosed in Part (b) of Schedule 5.12. All of the outstanding Equity Interests in the Borrower have been validly issued, are fully paid and
non-assessable and are owned by Holdings free and clear of all Liens except for those created under the Collateral Documents and Permitted Liens. 

5.13 Margin Regulations; Investment Company Act. (a) The Borrower is not engaged principally, or as one of its principal
activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (as defined or used in Regulation T, Regulation U or Regulation X), and no part of the proceeds of any Loan or L/C Loan will be used by the
Borrower (or any of its Subsidiaries) to purchase or carry any such margin stock or to extend credit to others for the purpose of purchasing or carrying any such margin stock or otherwise in violation of Regulation T, Regulation U or Regulation X.

 (b) None of Holdings, the Borrower or any Subsidiary is or is required to be registered as an “investment company” under the
Investment Company Act of 1940. None of Holdings, the Borrower or any Subsidiary is a “covered fund” under the Volcker Rule (Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act). 

5.14 Disclosure. No report, financial statement, certificate or other written statement furnished in writing by or on behalf of the
Borrower (or any Subsidiary thereof), Holdings or the Sponsor to any Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Financing Document
(other than projections and other forward-looking information), at the Closing Date or at the time furnished, when taken as a whole, contains any material misstatement of fact or omits to state any material fact (known to the Sponsor, Holdings or
the Borrower, in the case of any document not 

  
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 furnished by any of them) necessary to make the statements therein, in the light of the circumstances under
which they were made, not misleading; provided that, with respect to projections and other forward-looking information, the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be
reasonable at the time, it being recognized by the Administrative Agent and the Lenders that such projections as to future events are not to be viewed as facts and that actual results during the period or periods covered by any such projections may
differ from the projected results. As of the Closing Date, the information included in the Beneficial Ownership Certification is true and correct in all respects. 

5.15 Compliance with Laws. The Borrower and each Subsidiary thereof is in compliance in all respects with the requirements of all
applicable Laws and all orders, writs, injunctions and decrees applicable to it, any of its properties or the Projects, 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, could not reasonably be expected to have a Material Adverse Effect. 

5.16 Solvency. The Borrower is, individually and together with its Subsidiaries on a consolidated basis, Solvent. 

5.17 Foreign Asset Control Regulations, Etc.  

(a) None of Holdings, the Borrower nor any Controlled Entity (i) is a Blocked Person, (ii) has been notified that its name appears
or may in the future appear on a State Sanctions List or (iii) is a target of Economic Sanctions Laws. 
 (b) Within the past five
years, none of Holdings, the Borrower nor any Controlled Entity (including their respective officers, directors, employees and, to the knowledge of the foregoing, agents acting on their behalf) has violated in any material respect, been found in
violation of or been charged or convicted under any applicable Economic Sanctions Laws, Anti-Money Laundering Laws or Anti-Corruption Laws. 

(c) No part of the proceeds from any Loan or L/C Loan hereunder: 

(i) constitutes or will constitute funds obtained on behalf of any Blocked Person or will otherwise be used by Holdings, the
Borrower or any Controlled Entities, directly or knowingly indirectly (A) with any investment in, or any transactions or dealings with, any Blocked Person in violation of applicable Economic Sanctions Laws, (B) for any purpose that would
cause any Lender or Agent to be in violation of any Economic Sanctions Laws or (C) otherwise in violation of any Economic Sanctions Laws; 

(ii) will be used, directly or knowingly indirectly, by Holdings, the Borrower or any Controlled Entities in violation of, or
cause any Lender or Agent to be in violation of, any applicable Anti-Money Laundering Laws; or 

  
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 (iii) will be used, directly or knowingly indirectly, by Holdings, the
Borrower or any Controlled Entities (including their respective officers, directors, employees and agents acting on their behalf) for the purpose of making any improper payments, including bribes, to any Governmental Official or commercial
counterparty in order to obtain, retain or direct business or obtain any improper advantage, in each case which would be in violation of, or cause any Lender or Agent to be in violation of, any applicable Anti-Corruption Laws. 

(d) Each of Holdings and the Borrower has established procedures and controls which it reasonably believes are adequate (and otherwise comply
with applicable Laws) to ensure that it and each Controlled Entity is and will continue to be in compliance with all applicable Economic Sanctions Laws, Anti-Money Laundering Laws and Anti-Corruption Laws. 

5.18 Reserved.  

5.19 Energy Regulatory Status. 

(a) None of the Secured Parties shall, solely by reason of (i) the ownership, construction, operation and maintenance of the Projects,
the sale or transmission of electric energy, capacity and ancillary services therefrom, including as contemplated by the Project Documents, (ii) the making of Loans or the issuance of any Letters of Credit in accordance with this Agreement,
(iii) the securing of the Obligations by Liens on the Collateral (other than the exercise of remedies by any Secured Party) or (iv) any other transaction contemplated by this Agreement or any other Financing Document, be deemed by any
Governmental Authority to be, or to be subject to regulation as, an “electric utility,” “electrical corporation,” “electrical company,” “public utility” or “public utility holding company” or similar
entity under any applicable Laws of the United States, any state or any political subdivision of the United States or any state, including PUHCA and the FPA. 

(b) The applicable Project Company has made, or will make prior to the time of first generating electric energy (including test energy), all
necessary filings with FERC for each Project that meets the criteria of a QF under PURPA as set forth in 18 C.F.R. § 292.204, and the status of any such Project that is generating electric energy (including test energy) as a QF remains valid
and in full effect, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (c)
If the applicable Project does not meet the criteria of or is not a QF under PURPA as set forth in 18 C.F.R. § 292.204, the applicable Project Company has made, or will make prior to the time of first generating electric energy (including test
energy), all necessary filings with FERC to be an EWG under PUHCA (or obtain a substantially similar exemption from PUHCA), and such status as an EWG remains in effect. 

(d) If not exempt from FPA Sections 204, 205 and Section 206 under 18 C.F.R. § 292.601, (i) the applicable Project Company has made,
or will make prior to the time of first generating electric energy (including test energy), all necessary filings with FERC, for such Project Company to have obtained MBR Authority under the FPA, as applicable, and such Project Company has obtained
and retains such MBR Authority, which is not subject to any pending 

  
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 challenge or investigation at FERC, and (ii) FERC has not issued any orders imposing a rate cap,
mitigation measure, or other limitation on such Project Company’s authority to engage in sales pursuant to such MBR Authority, other than challenges, investigations, rate caps and mitigation measures generally applicable to wholesale sellers
participating in the applicable electric market(s), except, with respect to clause (i) or (ii), as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(e) Any of Holdings, the Borrower or any Subsidiary thereof that is a holding company as defined under PUHCA is a holding company under PUHCA
solely with respect to one or more QFs, EWGs or foreign utility companies as defined under PUHCA and is exempt from regulation under PUHCA as specified in 18 C.F.R. §§ 366.2, 366.21, 366.22 and 366.23 (the “PUHCA Exemption or
Waiver”). 
 (f) Except as set forth on Schedule 5.19, none of the Borrower or any of its Subsidiaries or Holdings is
subject to regulation as a “public utility,” “electrical corporation,” “public service corporation” or “electric power supplier” or similar entity under relevant state laws or regulations (“State
Electric Utility Regulation”). 
 (g) Except as set forth on Schedule 5.19, none of Borrower or any of its Subsidiaries or
Holdings has knowledge of (i) any claim, action or assertion that has been filed, commenced, or threatened against any Project Company alleging any violation of the FPA or the rules of any applicable regional transmission organization or
independent system operator, or (ii) any investigation with respect to any violation of the FPA that has been commenced against any Project Company, except, in each case of clauses (i) and (ii), such as would not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect. 
 5.20 Material Transaction Documents Copies of all of the
Material Transaction Documents in effect as of such date have been delivered to Administrative Agent by the Borrower. Except for any amendment or modification as previously disclosed in accordance with Section 6.02(i) or
Section 6.03(h) (or which is not required to have been disclosed in accordance with Section 6.02(i) or Section 6.03(h)) and for which either approval has been obtained pursuant to Section 7.16 or for
which no approval is required and any termination as previously disclosed in accordance with Section 6.03(h) (or which is not required to be disclosed in accordance with Section 6.03(h)) and for which either approval has been
obtained pursuant to Section 7.16 or for which no approval is required, no such Material Transaction Document has been amended, modified or terminated in any material respect. Each of the Material Transaction Documents is in full force
and effect, and no defaults or events of default by the Borrower or any of its Affiliates and, to the Borrower’s knowledge, no defaults or events of default with respect to any other Person party to any such Material Transaction Document, have
occurred and are continuing thereunder, except, in each case, (x) with respect to any Material Transaction Document (other than any Power Purchase Agreement) as would not reasonably be expected to have a Material Adverse Effect and
(y) with respect to any Power Purchase Agreement which is a Material Project Document or otherwise would reasonably be expected to result in a reduction of Borrower’s aggregate Net Cash Flow of at least five percent (5%) in respect of any
period of four consecutive Fiscal Quarters (accounting for and after giving effect to all then-applicable replacement sources of revenue, 

  
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 including any merchant cash flows upon delivery of, with respect to any such Project for which merchant cash
flows are contemplated, a copy of the merchant curve generated by the Market Consultant and utilized for preparing the updated Base Case Model), as would not reasonably be expected to result in any material default or event of default. The Service
Agreement is in full force and effect, and no material defaults or events of default by any Affiliate of the Borrower have occurred and are continuing thereunder. 

5.21 Certain Fees. No broker’s or finder’s fee or commission will be payable with respect to the transactions contemplated
hereby, except as payable to the Arrangers and the Lenders. 
 5.22 No Other Indebtedness; Liens. The Borrower has no outstanding
Indebtedness or Liens other than pursuant to or as allowed by the Financing Documents. 
 5.23 Nature of Business. The Borrower has
not engaged in any business or activity other than as permitted under Section 7.07. The Borrower has not engaged in any business activity other than the ownership of the Equity Interests of its Subsidiaries and activities incidental
thereto. 
 5.24 No Employees. Neither the Borrower nor any of its Subsidiaries has any employees. 

5.25 No Accounts. The Borrower has no accounts other than the Accounts and any Local Accounts. 

5.26 Perfection and Priority of Liens. The provisions of the Collateral Documents are effective to create, in favor of the Collateral
Agent for the benefit of the Secured Parties, as security for the Obligations, a legal, valid and enforceable first priority Lien on and security interest in all of the Collateral purported to be covered by the Collateral Documents, and all
necessary recordings and filings have been made or will be made on the Closing Date or the applicable Initial Project Funding Date in all necessary public offices, and all other necessary and appropriate action has been taken, so that each such
Collateral Document creates, or upon the filing of any financing statements will create, a perfected first priority Lien on and perfected security interest in all right, title and interest of the Borrower in the Collateral covered thereby, prior and
superior to the rights of all third Persons and subject to no Liens other than Permitted Liens. 
 5.27 Licenses, Permits, Etc. 

(a) The Borrower and its Subsidiaries own or possess all intellectual property licenses, permits, franchises, authorizations, patents,
copyrights, proprietary software, service marks, trademarks and trade names, or rights thereto, without known conflict with the rights of others, except for any such failure to own or possess or any conflict as would not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect. 
 (b) To the knowledge of the Borrower, no product or service of the
Borrower or any Subsidiary thereof infringes any intellectual property license, permit, franchise, authorization, patent, copyright, proprietary software, service mark, trademark, trade name or other right owned by any other Person, except for any
such infringement as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

  
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 (c) To the knowledge of the Borrower, there is no violation by any Person of any right of the
Borrower or any Subsidiary thereof with respect to any intellectual property license, permit, franchise, authorization, patent, copyright, proprietary software, service mark, trademark, trade name or other right owned or used by the Borrower or any
Subsidiary thereof, except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 5.28
Environmental Matters. 
 (a) Neither the Borrower nor any of its Subsidiaries has knowledge of any written claim, and no proceeding
has been instituted asserting any claim against the Borrower or any Subsidiary thereof or any of their respective real properties or other assets now or formerly owned, leased or operated by any of them, alleging any damage to the environment or
violation of any Environmental Laws by a Project, except, in each case, such as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(b) Neither the Borrower nor any of its Subsidiaries has knowledge of any facts which are reasonably likely to give rise to a claim against
the Borrower or any of its Subsidiaries alleging that the Borrower or Subsidiary has violated any Environmental Laws with respect to the construction, ownership or operation of a Project, except, in each case, such as would not, individually or in
the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (c) Neither the Borrower nor any Subsidiary has stored any
Hazardous Materials on real properties now or formerly owned, leased or operated by any of them in a manner which is contrary to any Environmental Law that could, individually or in the aggregate, reasonably be expected to result in a Material
Adverse Effect. 
 (d) Neither the Borrower nor any Subsidiary has disposed of any Hazardous Materials in a manner which is contrary to any
Environmental Law that could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 
 ARTICLE VI

 AFFIRMATIVE COVENANTS 
 So
long as any Lender shall have any Revolving Credit Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied (other than contingent or indemnification obligations for which no claim has been made), or any Letter
of Credit shall remain outstanding that has not otherwise been Cash Collateralized (except as otherwise specifically provided for herein), the Borrower shall, and, as applicable, shall cause each Subsidiary of the Borrower to:  

  
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 6.01 Financial Statements; Updated Base Case Model. Deliver to the Administrative
Agent and each Lender, in form and detail satisfactory to the Administrative Agent: 
 (a) as soon as available, but in any event within one-hundred and twenty (120) days after the end of each Fiscal Year of the Borrower (commencing with the Fiscal Year ended December 31, 2021), a consolidated balance sheet of the Borrower and its
Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or operations, changes in members’ equity, and cash flows for such fiscal year, setting forth in each case in comparative form the corresponding
figures for the previous fiscal year, all in reasonable detail, certified by a Responsible Officer of the Borrower as fairly presenting in all material respects the financial condition, results of operations, members’ equity and cash flows of
the Borrower and its Subsidiaries and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an independent certified public accountant 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; 
 (b) as soon as available, but in any event within ninety (90) days after the end of each of the first three Fiscal
Quarters of each Fiscal Year of the Borrower (commencing with the Fiscal Quarter ended March 31, 2021), a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such Fiscal Quarter, and the related consolidated
statements of income and members’ equity for such Fiscal Quarter and for the portion of the Borrowers’ fiscal year then ended, 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, all in reasonable detail, certified by a Responsible Officer of the Borrower as fairly presenting the financial condition and results of operations of the Borrower and its
Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; 

(c) as soon as available, but in any event within thirty (30) days after the end of each Fiscal Quarter of each Fiscal Year of the
Borrower, an updated Base Case Model, incorporating each Credit Extension made and Project acquired or divested during the prior Fiscal Quarter into the Base Case Model, in form and substance satisfactory to the Required Lenders and reasonably
satisfactory to the Administrative Agent; provided that for the avoidance of doubt, such updated Base Case Model will not be required to include reconciliation of actual versus budgeted amounts; and 

(d) on the date of any prepayment pursuant to Section 2.04(b) (other than Section 2.04(b)(v) and
Section 2.04(b)(x)) or Section 8.04, (i) an updated Base Case Model, incorporating such prepayment and the occurrence of the event for which the Borrower is required or, in the case of Section 8.04, permitted to make a
prepayment into the Base Case Model, in form and substance satisfactory to the Required Lenders and reasonably satisfactory to the Administrative Agent; provided that for the avoidance of doubt, such updated Base Case Model will not be
required to 

  
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 include reconciliation of actual versus budgeted amounts, and (ii) written certification by the
Independent Engineer to the Administrative Agent that the inputs and revenue, technical, operating and construction assumptions for the Projects are reasonable based on the Independent Engineer’s review of the Project and the Project Documents,
and have been properly incorporated into the updated Base Case Model delivered by the Borrower. 
 6.02 Certificates; Other
Information. Deliver to the Administrative Agent and each Lender: 
 (a) not later than five (5) Business Days after receipt thereof
by the Borrower or any Subsidiary thereof, copies of all material notices, requests and other documents (including any amendments waivers, supplements and other modifications) so received under or pursuant to any Transaction Document, in each case,
which could reasonably be expected to have a Material Adverse Effect; 
 (b) concurrently with the delivery of any financial statements
delivered pursuant to Section 6.01, a duly completed Compliance Certificate signed by a Responsible Officer of the Borrower; 

(c) within thirty (30) days after the end of each Fiscal Quarter of the Borrower, a certificate of the Borrower, approved and
counter-signed by the Independent Engineer, substantially in the form of Exhibit V (each, an “Independent Engineer Compliance Certificate”); 

(d) within thirty (30) days after the end of each Fiscal Quarter of the Borrower, (i) with respect to each Construction Project, a
construction report describing in reasonable detail the progress of the construction of such Project substantially in the form of Exhibit Q-1; provided that in the event of any cost overruns or
delays at any time in any Fiscal Quarter that could reasonably be expected to have a Material Adverse Effect, upon the request of the Administrative Agent, the Borrower shall promptly make available the Independent Engineer to respond to reasonable
Lender inquiries; and (ii) with respect to each Operating Project, an operating report substantially in the form of Exhibit Q-2; 

(e) [Reserved]; 
 (f) promptly,
any change in the information provided on or before the Closing Date that would result in a change to the “beneficial owners” of the Borrower as contemplated by the Beneficial Ownership Regulation; 

(g) promptly, such additional documentation and other information as any Lender or Agent may from time to time reasonably request through the
Administrative Agent which is required by bank regulatory authorities under applicable “know your customer” and anti-money laundering laws, rules and regulations, including the PATRIOT Act; 

(h) promptly, such additional information regarding the financial or legal affairs of the Borrower or any Subsidiary as the Administrative
Agent may from time to time reasonably request; 

  
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 (i) concurrently with the delivery of any updated Base Case Model delivered pursuant to
Section 6.01(c), copies of any material amendment or modification under any Project Document or Transaction Document entered into by the Borrower or any Subsidiary thereof during the preceding Fiscal Quarter; 

(j) with respect to each Deemed Investment Grade Power Purchaser, on each anniversary of the Closing Date, an update to the documentation and
other information most recently provided by the Borrower to the Lenders to support the determination that such Power Purchaser is a Deemed Investment Grade Power Purchaser, but solely to the extent that Borrower actually has any such updating
information; 
 (k) no later than thirty (30) days after the Closing Date, a copy of the executed Consent for the American Kings Power
Purchase Agreement in the form attached hereto as Exhibit W; and 
 (l) no later than five (5) days following the execution
thereof, a copy of the executed version of each of the novation and release agreement, the parent guaranty and the surety bond for the American Kings Solar, LLC operations and maintenance agreement in the forms attached hereto as Exhibit X.

 Documents required to be delivered pursuant to Section 6.01 or Section 6.02 may be delivered electronically and
if so delivered other than by email, shall be deemed to have been delivered on the date on which such documents are posted on the Borrower’s behalf on IntraLinks or, with the Administrative Agent’s prior consent, another Internet or
intranet website, if any, to which the Administrative Agent has access (whether a commercial, third-party website or whether sponsored by the Administrative Agent or the Sponsor or any Affiliate thereof).  

6.03 Notices. Promptly notify in writing the Administrative Agent and each Lender: 

(a) of the occurrence of any Default or Event of Default, followed by, as soon as practicable, a statement of a Responsible Officer of the
Borrower setting forth details of such occurrence and stating what action the Borrower or other relevant Person proposes to take with respect thereto; 

(b) of any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect;  

(c) [reserved]; 
 (d) of the
occurrence of any event for which the Borrower is required to make a mandatory prepayment pursuant to Section 2.04(b) (other than Section 2.04(b)(vi) and Section 2.04(b)(x)) and, to the extent applicable,
identification of the one or more Projects to which such event applies and any other relevant details that facilitate the assessment of the sizing of such mandatory prepayment and the Revolving Loans to which such prepayment should be allocated;

  
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 (e) of the filing or commencement of, or notice of intention of any Person to file or
commence, any action, suit, litigation, investigation or proceeding, whether at law or in equity by or before any Governmental Authority, against or affecting the Borrower or any Subsidiary thereof, in each case, which could reasonably be expected
to have a Material Adverse Effect; 
 (f) of any dispute or disputes between the Borrower or any of its Subsidiaries, on the one hand, and
any other Person, on the other hand, which could reasonably be expected to have a Material Adverse Effect; 
 (g) of the occurrence of any
Provider Default; 
 (h) (i) of the occurrence of, or notice given or received by the Borrower or its Subsidiaries in respect of, any
material breach, default, event of default, termination event or claim under a Transaction Document, together with a copy of any such notice; and (ii) without duplication of any notice delivered pursuant to the foregoing clause (i), upon
the Borrower’s actual knowledge of the occurrence of, or notice given or received by the Borrower or its Subsidiaries in respect of, any material breach, default, event of default, termination event or claim under a Project Document, together
with a copy of any such notice, solely to the extent that such material breach, default, event of default, termination event or claim is reasonably expected to result in a reduction of Borrower’s aggregate Net Cash Flow by five percent (5%) or
more in respect of any period of four consecutive Fiscal Quarters; 
 (i) of, and deliver copies of, any notice to Borrower or any
Subsidiary from any Governmental Authority which results from any event, action or inaction that could reasonably be expected to have a Material Adverse Effect; 

(j) of, and deliver copies of, for each Construction Project, quarterly and annual financial statements during the construction period for
such Project for any EPC Contractor that is not a public reporting company, but solely to the extent delivered to the Borrower or any Subsidiary of the Borrower by such EPC Contractor pursuant to the terms of the applicable EPC Contract; and 

(k) of the Borrower obtaining actual knowledge that any Power Purchaser that was an Investment Grade Power Purchaser has become a Non-Investment Grade Power Purchaser (together with an explanation of the applicable change in circumstances if other than as a result of a ratings downgrade). 

Each notice pursuant to Section 6.03 (other than Section 6.03(d)) shall be accompanied by a statement of a Responsible
Officer of the Borrower setting forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto. Each notice pursuant to Section 6.03(a) shall describe with
particularity any and all provisions of this Agreement and any other Financing Document that have been breached. 
 6.04 Payment of
Obligations. Pay and discharge as the same shall become due and payable (a) all Tax liabilities, assessments and governmental charges or levies upon it or its properties or assets that are due and owing, unless (i) the same are being
contested in good faith by appropriate proceedings diligently conducted (which proceedings have the effect of preventing the forfeiture or sale of the property or assets subject to any such Lien) and, with respect to any

  
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dispute in an amount greater than $1,000,000, adequate reserves in accordance with GAAP are being maintained by the Borrower, or (ii) the nonpayment of all such liabilities, assessments and
governmental charges or levies could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; and (b) all lawful claims which, if unpaid, would by law become a Lien (other than a Permitted Lien) upon its
property, except to the extent nonpayment of such claim could not reasonably be expected to have a Material Adverse Effect. 

6.05 Preservation of Existence, Etc. Preserve, renew and maintain in full force and effect its legal existence and good standing under
the Laws of the jurisdiction of its organization (except in a transaction permitted by Section 7.04 or 7.05), and 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 could 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 excepted; (b) make all necessary repairs thereto and renewals and replacements thereof; and (c) comply with Prudent Industry Practices in the operation
and maintenance of its facilities; except, in each of clauses (a), (b), or (c), where the failure to do so could not reasonably be expected to constitute a Material Adverse Effect. 

6.07 Maintenance of Insurance. (a) Maintain, through either an individual policy or as part of a group policy maintained by or for
the Borrower and its Subsidiaries, with financially sound and reputable insurance companies, the insurance as may customarily be carried or maintained under similar circumstances by Persons of established reputation engaged in similar businesses, on
all material property of the Borrower and its Subsidiaries that is of an insurable character in at least the amounts, against at least such risks (but including in any event property and casualty, general liability, and business interruption) and on
such other terms as shall be customary (the “Required Insurance”). Each such policy of Required Insurance shall name the Collateral Agent and the Secured Parties as additional insured as their interest may appear.  

(b) No later than sixty (60) days after the end of each Fiscal Year, deliver to the Administrative Agent (i) a certificate of the
Borrower’s insurance broker or a Responsible Officer, dated within such sixty (60)-day period, and (ii) customary insurance certificates confirming that the Borrower has the Required Insurance and
stating that such insurance is in full force and effect and that all premiums due thereon have been paid. 
 6.08 Compliance with
Laws. 
 (a) Without limiting Section 7.18, or any other provision hereof or of any other Financing Document, the Borrower
will, and will cause each of its Subsidiaries and Holdings to comply in all material respects with all applicable Laws and Applicable Permits to which each of them is subject (including ERISA, Environmental Laws, and the other laws and regulations
that are referred to in Section 5.17, the FPA, PUHCA, PURPA and the other laws and regulations that are referred to in Section 5.19). 

  
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 (b) Notwithstanding the foregoing clause (a) of this Section 6.08, the
Borrower will, and will cause each of its Subsidiaries and Holdings to, comply in all material respects with the USA PATRIOT Act and all applicable Anti-Corruption Laws, Anti-Money Laundering Laws and Economic Sanctions Laws and maintain policies
and procedures designed to promote and achieve compliance by its respective directors, officers, employees and agents with such laws. 

6.09 Books and Records. Maintain proper books of record and account, in which full, true and correct entries shall be made of all
financial transactions and matters involving the assets and business of the Borrower or such Subsidiary, as the case may be, in conformity in all material respects with GAAP consistently applied and otherwise in material conformity with all
applicable requirements of any Governmental Authority having regulatory jurisdiction over the Borrower or such Subsidiary, as the case may be. 

6.10 Inspection Rights. Permit representatives and independent contractors of the Administrative Agent and the Lenders to visit and
inspect any of its properties, to examine its financial and accounting records, and to discuss its affairs (including the performance, operations and maintenance of the Projects) finances and accounts with its directors and officers, all at the
expense of the Borrower and at such reasonable times during normal business hours and as often as may be reasonably requested, upon reasonable advance notice to the Borrower; provided, however, that so long as no Event of Default has
occurred and is continuing, such inspections shall be limited to two such visits in each consecutive twelve-month period. 
 6.11 Further
Assurances. The Borrower shall, and shall cause each of its Subsidiaries to, take all such further actions and execute all such further documents and instruments as the Administrative Agent, the Required Lenders, or any other Agent may at any
time reasonably determine to be necessary to further carry out and consummate the transactions contemplated by the Financing Documents. 

6.12 Information Regarding Collateral; Certain Consents. 

(a) Not effect any change (i) in the Borrower’s legal name, (ii) in the location of the Borrower’s chief executive office,
(iii) in the Borrower’s identity or organizational structure, (iv) in the Borrower’s federal taxpayer identification number or organizational identification number, if any, or (v) in the Borrower’s jurisdiction of
organization (in each case, including by merging with or into any other entity, reorganizing, dissolving, liquidating, reorganizing or organizing in any other jurisdiction), until (A) it shall have given the Administrative Agent not less than
ten (10) days’ prior written notice, or such lesser notice period agreed to by the Administrative Agent, of its intention so to do and clearly describing such change and providing such other information in connection therewith as the
Administrative Agent may reasonably request and (B) it shall have taken all action reasonably satisfactory to the Administrative Agent to maintain the perfection and priority of the Lien of the Collateral Agent for the benefit of the Secured
Parties in the Collateral, if applicable. The Borrower agrees to promptly provide the Administrative Agent with certified Organization Documents reflecting any of the changes described in the preceding sentence. 

  
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 (b) After the Initial Project Funding Date in respect of any Project, in the event that the
Borrower reasonably expects that the Borrower or any Subsidiary will enter into any Tax Equity Document or Power Purchase Agreement that would be a Material Project Document or otherwise at least 5% of Borrower’s aggregate Net Cash Flow in
respect of any period of four consecutive Fiscal Quarters is reasonably expected to be attributable to such Tax Equity Document or Power Purchase Agreement, and to the extent that the Administrative Agent reasonably determines that the creation or
perfection of any Lien contemplated under the Financing Documents or the exercise of any of the Secured Parties’ rights or remedies under the Collateral Documents (including upon foreclosure) could reasonably be expected to conflict with or
result in any breach or contravention of such Tax Equity Document or Power Purchase Agreement absent the consent of the applicable Tax Equity Investor or Power Purchaser, Borrower shall use commercially reasonable efforts to deliver to the
Administrative Agent a Consent from the counterparty to each such Tax Equity Document or Power Purchase Agreement in form and substance reasonably satisfactory to the Administrative Agent. 

6.13 Accounts. Except as otherwise permitted hereunder or under any other Financing Document (including amounts deposited into any
Local Account), the Borrower will deposit all cash received from any source (including distributions or payments from Subsidiaries or otherwise) into the applicable Account pursuant to the Depositary Agreement for application solely for the purposes
and in the order and manner provided in the Depositary Agreement.  
 6.14 Separateness. The Borrower will, and will cause
each of its Subsidiaries to: 
 (a) maintain accounts of the Borrower or such Subsidiary, as applicable, separate from those of the Sponsor
and its Affiliates (other than the Borrower and its Subsidiaries) with commercial banking institutions and will not commingle their funds with those of the Sponsor or any of its Affiliates (other than the Borrower and its Subsidiaries); 

(b) conduct such Person’s business in a manner not misleading to other Persons as to its identity; 

(c) obtain proper authorization from member(s), director(s) and manager(s) as required by such Person’s limited liability company
agreement (or equivalent Organization Document) for all of its limited liability company (or other applicable) actions; and 
 (d) comply
with the terms of such Person’s limited liability company agreement (or equivalent Organization Document), 
 it being understood and agreed by the
parties hereto that immaterial breaches of this Section 6.14 that (i) are not, in the aggregate, misleading as to the identity of the Borrower and (ii) otherwise do not materially undermine the purpose intended to be served by
the provisions of this Section 6.14 shall not, in each of clauses (a) through (c) above, be deemed a breach of this Section 6.14. 

  
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 6.15 Construction and Operation. Cause each Project Company to make or cause to be
made all contracts and do or cause to be done all things necessary for the acquisition, construction, expansion, improvement, equipping and operation of its Project in accordance with such Project’s Project Documents, Prudent Industry Practice,
applicable Laws, the Construction Budget and Project Schedule or Operating Budget, as applicable, and all Necessary Permits, in each case, except to the extent that any failure to do so could not reasonably be expected to have a Material Adverse
Effect.  
 6.16 Energy Regulatory Compliance. 

(a) Take or cause to be taken all necessary or appropriate actions so that such Subsidiary, to the extent that it is a Project Company, will
(i)(A) obtain and/or maintain any Federal Energy Regulatory Authorizations, Exemptions, and Waiver applicable to such Subsidiary, and (B) maintain exemption from or compliance with any State Electric Utility Regulations applicable thereto, and
(ii) meet relevant requirements any relevant Governmental Authority for any sale of energy or renewable attributes pursuant to any Power Purchase Agreement to which such Subsidiary is a party, or in any applicable market administered by a
regional transmission organization or independent system operator, except, in the case of clause (i) or (ii), to the extent that any failure to do so could not reasonably be expected to have a Material Adverse Effect. 

(b) Take or cause to be taken all necessary or appropriate actions so that such Subsidiary to the extent that it is a Project Company will be
in compliance with the reliability requirements of FERC, NERC, and any applicable regional, state and local regulatory authorities, except to the extent that any failure to do so could not reasonably be expected to have a Material Adverse Effect.

 6.17 Use of Proceeds. Use (a) the proceeds of the Loans solely to finance (i) the acquisition and construction of any
Project and the payment of any Project Costs, including Project Costs in connection with the acquisition of such Project by the Borrower under an Acquisition Document and payment of the purchase price thereunder, (ii) the payment of fees or
amounts related to the Letters of Credit or otherwise in connection with the transactions contemplated by the Financing Documents, (iii) in order to reimburse Sponsor or any of its Affiliates for any prior Equity Contributions (provided,
that any such reimbursement shall not be in excess of the amount required to maintain the Allocated Minimum Equity Contribution) or, to the extent any Project is under-leveraged per the Debt Sizing Criteria, to fund Restricted Payments permitted
hereby and (iv) working capital purposes of the Borrower and its Subsidiaries (including the payment of Borrower Administrative Costs and O&M Costs), (b) the L/C Loans solely for the purposes contemplated in Section 2.03(c), and
(c) the Letters of Credit solely to satisfy the requirement to maintain the Debt Service Reserve Account Required Balance and any other credit support obligations of the Borrower or any Subsidiary, including any Project Company (but, for the
avoidance of doubt, not for any activities in connection with any Project that occur prior to delivery of notice to proceed for such Project). Borrower shall specify the applicable Project or other purpose for which each Borrowing is requested in
each Notice of Borrowing and shall use the applicable Loan proceeds solely for such purpose.  

  
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 6.18 Operating Budget. With respect to any Construction Project, on or before thirty
(30) days prior to the first day of the month in which Commercial Operation of a Project occurs or is anticipated to occur and, with respect to any Operating Project, thirty (30) days prior to the first day of each calendar year
thereafter, submit to the Administrative Agent an operating plan and a budget, in the form of Exhibit N, detailed by quarter for such Project and the balance of the Projects in the portfolio, of anticipated revenues and anticipated
expenditures, such budget to include maintenance, repair and operation expenses (including reasonable allowance for contingencies), reserves and all other anticipated O&M Costs for the Projects for the ensuing twelve months (each such operating
plan and budget delivered pursuant to this Section 6.18, an “Operating Budget”). 
 6.19 Necessary
Permits. The Borrower will, and will cause each of its Subsidiaries to, procure, maintain in full force and effect and comply with all Necessary Permits, except where such failure would not reasonably be expected to have a Material Adverse
Effect. 
 6.20 Bulk Power Order. In the event the Borrower has knowledge that (x) the provisions of Executive Order (EO) 13920
(the “Bulk Power Order”) have become applicable to any Project, and (y) as a result of the Bulk Power Order, equipment installed in any Project shall be required to be removed or otherwise remediated by or on behalf of the
applicable Project Company, the Borrower shall (a) promptly notify the Administrative Agent and (b) use commercially reasonable efforts to take or cause to be taken all necessary or appropriate actions so that the applicable Project
Company will be in compliance with the Bulk Power Order.  
 6.21 Subsidiary Distributions. The Borrower shall cause
each of its Subsidiaries to distribute all cash that such Subsidiary is permitted by applicable Laws and the terms of all applicable Organization Documents, Project Documents and Tax Equity Documents to distribute to the Borrower, directly or
indirectly; provided that, each Project Company (and each other Subsidiary) shall be permitted to retain cash in an amount, in the Borrower’s or such Subsidiary’s reasonable discretion, necessary or advisable for working capital
purposes or the prudent operation and maintenance of the applicable Projects. 
 6.22 Performance of Obligations. The Borrower shall,
and shall cause each of its Subsidiaries to, (a) perform all of its material obligations, and (b) pursue all its material rights and remedies, under each Transaction Document to which it is a party, except, in the case of clause
(a) or (b), to the extent that any failure to do so could not reasonably be expected to have a Material Adverse Effect. 
 6.23
Employee Benefits Matters. The Borrower shall, promptly, and within five (5) Business Days after an Authorized Representative becomes aware of any of the following, deliver to the Administrative Agent a written notice setting forth the
nature thereof and the action, if any, the Borrower or an ERISA Affiliate proposes to take with respect thereto: 
 (a) with respect to any
Plan, any reportable event, as defined in section 4043(c) of ERISA and the regulations thereunder, for which notice thereof has not been waived pursuant to such regulations as in effect on the date hereof; 

(b) the taking by the PBGC of steps to institute, or the threatening by the PBGC of the institution of, proceedings under section 4042 of
ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by Borrower or any ERISA Affiliate of a notice from a Multiemployer Plan that such action has been taken by the PBGC with respect to such
Multiemployer Plan; 

  
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 (c) any event, transaction or condition that would reasonably be expected to result in the
incurrence of any liability by Borrower or any ERISA Affiliate pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code relating to employee benefit plans, or in the imposition of any Lien on any of the rights,
properties or assets of Borrower or any ERISA Affiliate pursuant to Title I or IV of ERISA or such penalty or excise tax provisions, if such liability or Lien, taken together with any other such liabilities or Liens then existing, could reasonably
be expected to have a Material Adverse Effect; or 
 (d) receipt of notice of the imposition of a financial penalty that could reasonably be
expected to have a Material Adverse Effect (which for this purpose shall mean any tax, penalty or other liability, whether by way of indemnity or otherwise) with respect to one or more Non-U.S. Plans. 

6.24 Sponsor Matters. 

(a) The Borrower shall cause the Sponsor to maintain undrawn and unencumbered commitments from the Sponsor’s limited partners or
otherwise to maintain access to available funds (including in the form of cash, letters of credit, and lines of credit), in each case excluding the Collateral, in an aggregate amount not less than the sum, in the aggregate, of (x) an amount
equal to the sum of the “Cap” in each Sponsor Equity Commitment then outstanding (as the same may be reduced from time to time) and (y) the lesser of (i) $50,000,000 and (ii) the maximum amount, for any individual Project, of the
positive difference of (A) the amount that could be required to be prepaid by the Borrower in respect of such Project from time to time in accordance with Section 2.04(b)(i), less (B) the “Cap” under the Sponsor
Equity Commitment in respect of such Project, if any (as the same may be reduced from time to time); provided, that Borrower’s obligations under this Section 6.24(a) shall cease upon the earlier of (I) an initial public
offering of all or a portion of the equity interests of the Sponsor (or a direct or indirect owner of the Sponsor whose primary purpose is to own the Sponsor) on a national securities exchange and (II) Sponsor obtaining an Investment Grade
Rating. 
 (b) The Borrower shall deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative
Agent: 
 (i) as soon as available, but in any event within one-hundred and twenty
(120) days after the end of each Fiscal Year of the Sponsor (commencing with the Fiscal Year ended December 31, 2020), a consolidated balance sheet of the Sponsor and its Subsidiaries as at the end of such fiscal year, and the related
consolidated statements of income or operations, changes in shareholders’ equity, and cash flows for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the previous Fiscal Year, all in reasonable
detail, certified by a Responsible Officer of the Sponsor as fairly presenting in all material respects the financial condition, results of operations, shareholders’ equity and cash flows of the Sponsor and its Subsidiaries and prepared in
accordance with GAAP, audited and accompanied by a report and opinion of an 

  
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independent certified public accountant 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; and 

(ii) as soon as available, but in any event within ninety (90) days after the end of each of the first three Fiscal
Quarters of each Fiscal Year of the Sponsor (commencing with the Fiscal Quarter ended March 31, 2021), a consolidated balance sheet of the Sponsor and its Subsidiaries as at the end of such Fiscal Quarter, and the related consolidated statement
of income or operations for such Fiscal Quarter and for the portion of the Sponsor’s fiscal year then ended, 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, all in reasonable detail, certified by a Responsible Officer of the Sponsor as fairly presenting the financial condition and results of operations of the Sponsor and its Subsidiaries in accordance
with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes. 
 ARTICLE
VII 
 NEGATIVE COVENANTS 
 So
long as any Lender shall have any Revolving Credit Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied (other than contingent or indemnification obligations for which no claim has been made), or any Letter
of Credit shall remain outstanding that has not otherwise been Cash Collateralized (except as otherwise specifically provided for herein), the Borrower shall not, nor shall it permit any Subsidiary of the Borrower 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, or sign or file or suffer to exist under the UCC of any jurisdiction a financing statement that names the Borrower or any of its Subsidiaries as debtor, or assign any accounts or other right to receive income, other than the
following (collectively, “Permitted Liens”): 
 (a) Liens pursuant to any Financing Document; 

(b) Liens of the Borrower existing on the date hereof as set forth on Part I of Schedule 1.01(G), or Liens of any Subsidiary of the
Borrower existing as of the later of (x) the Closing Date or (y) the date such Person becomes a Subsidiary as set forth on Part II of Schedule 1.01(G), as applicable, and including 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, (iii) the direct or any contingent obligor with respect thereto is not changed, and (iv) any renewal or
extension of the obligations secured or benefitted thereby is permitted; 

  
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 (c) Liens for Taxes or customs duties (i) not yet due and owing, (ii) secured by an
acceptable bond, or (iii) that are being contested in good faith and by appropriate proceedings diligently conducted (which proceedings have the effect of preventing the forfeiture or sale of the property or assets subject to any such Lien), if
adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP, to the extent required by GAAP; 

(d) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary
course of business that are not overdue for a period of more than ninety (90) days or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the
books of the applicable Person in accordance with GAAP, to the extent required by GAAP, as long as the aggregate amount of the obligations secured by such Liens does not exceed, other than in respect of Construction Projects, 10% or more of the
Borrower’s aggregate Net Cash Flow for the most recent period of four consecutive Fiscal Quarters ending prior thereto; 
 (e) pledges
or deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; 

(f) pledges and deposits to secure the performance of bids, trade contracts, concessions, statutory obligations, surety, appeal bonds
performance bonds, leases and other obligations of a like nature (other than Indebtedness), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

(g) covenants, land use contracts, building schemes, declarations of covenants, conditions, restrictions, servicing agreements, easements, rights-of-way, crossing agreements, restrictions and other Liens, title defects or irregularities affecting real property, which do not materially detract from the value of
the property subject thereto or materially interfere with the continued use of any Project in the ordinary conduct of the business of the applicable Person, in each case, such that it could reasonably be expected to cause a material adverse change
in, or have a material adverse effect upon, the operations or business of such Project; 
 (h) with respect to any real property interests,
matters that would be disclosed by an inspection or survey of such real property and do not, in the aggregate, materially impair the current occupancy or use of the estate or real property to which they relate; 

(i) Liens securing judgments for the payment of money not constituting an Event of Default under Section 8.01(g); 

(j) Liens securing Indebtedness permitted under Section 7.02(c); provided that (i) such Liens do not at any time
encumber any property other than the property financed by such Indebtedness and (ii) the Indebtedness secured thereby is not increased; 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (k) Liens and other rights and interests (including of the nature of netting and set off,
rights of first refusal, rights of first offer, purchase options and similar rights in respect of the assets of the Project Companies) set forth in the Organization Documents of the Borrower or any of its Subsidiaries, any Acquisition Document, any
Project Document, or any Tax Equity Document; 
 (l) any interest or title of a third-party lessor or sublessor under any lease of real
estate permitted hereunder; 
 (m) purported Liens evidenced by the filing of precautionary UCC financing statements relating solely to
operating leases of personal property entered into in the ordinary course of business; 
 (n) encumbrances on real property in the nature of
any zoning restrictions, building and land use laws, ordinances, orders, decrees, restrictions or any other conditions, in each case, imposed by any Governmental Authority on any real property, which do not materially detract from the value of the
property subject thereto and do not materially interfere with the continued use of the property subject thereto in the conduct of the business of the applicable Person; 

(o) non-exclusive outbound licenses of patents, copyrights, trademarks and other IP Rights granted by
Borrower or any Subsidiary in the ordinary course of business and not interfering in any respect with the ordinary conduct of or materially detracting from the value of the business of such Person; 

(p) any Lien with respect to the properties of Borrower or any Subsidiary arising under good industry practice and that does not secure
Indebtedness for borrowed money and the foreclosure of which is not material to the operation, construction or use of any Project in the ordinary course of business; 

(q) Liens securing insurance premium financing arrangements; 

(r) reservations, limitations, provisos and conditions, if any, expressed in any grants, permits, licenses or approvals from any Governmental
Authority; 
 (s) Liens deemed to exist in connection with repurchase agreements and other similar investments to the extent such
investments are permitted under the Financing Documents; 
 (t) Liens of trade vendors securing trade or other similar indebtedness incurred
in the ordinary course of business and not more than ninety (90) days past due and that in the aggregate do not exceed 10% or more of the Borrower’s aggregate Net Cash Flow for the most recent period of four consecutive Fiscal Quarters
ending prior thereto; 
 (u) Liens consisting of an agreement to dispose of any property in a Disposition permitted hereunder solely to the
extent that such investment or Disposition would have been permitted on the date of the creation of such Lien; 
 (v) Liens arising by
virtue of any statutory or common law provision relating to bankers’ liens, rights of set-off or similar rights; and 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (w) Liens not otherwise permitted hereunder that do not secure Indebtedness as long as the
aggregate amount of the obligations secured by such Liens does not exceed $30,000,000 at any one time. 
 7.02 Indebtedness. Create,
incur, assume or suffer to exist any Indebtedness, except: 
 (a) subject to Section 7.24, obligations (contingent or otherwise)
existing or arising under any Swap Contract, provided that (i) such obligations are on a pari passu or junior basis to the Obligations, (ii) such obligations are entered into by such Person in the ordinary course of business for the
purpose of directly mitigating risks associated with fluctuations in interest rates and (iii) such Swap Contract does not contain any provision exonerating the non-defaulting party from its obligation to
make payments on outstanding transactions to the defaulting party; 
 (b) Indebtedness under the Financing Documents or otherwise permitted
thereunder; 
 (c) Indebtedness in respect of Capitalized Leases, Synthetic Lease Obligations and purchase money obligations, or for the
deferred purchase price, for fixed or capital assets and services within the limitations set forth in Section 7.01(j); provided, however, that the aggregate amount of all such Indebtedness of at any one time outstanding in
respect of Capitalized Leases and Synthetic Lease Obligations shall not exceed $10,000,000; 
 (d) trade or other similar Indebtedness
incurred in the ordinary course of business (but not for borrowed money) that is (i) not more than ninety (90) days past due or (ii) being contested in good faith and by appropriate proceedings; 

(e) Guarantees of any Person in respect of Indebtedness otherwise permitted hereunder of the Borrower or any Subsidiary; 

(f) Indebtedness of the Borrower or any Subsidiary thereof in respect of workers’ compensation claims, self-insurance obligations,
bankers’ acceptances, performance and surety bonds in the ordinary course of business; 
 (g) in connection with the consummation of
any permitted Investment or permitted Disposition of any business, assets or Subsidiary of the Borrower or any of its Subsidiaries, Indebtedness incurred by the Borrower or any Subsidiary arising from agreements providing for indemnification,
adjustment of purchase price or similar obligations, or from guaranties or letters of credit, surety bonds or performance bonds securing the performance by the Borrower or any such Subsidiary pursuant to such agreements, in an amount not to exceed
$5,000,000 in the aggregate; 
 (h) Indebtedness in respect of netting services, overdraft protections and otherwise in connection with
deposit accounts otherwise permitted hereunder; 
 (i) the incurrence of Indebtedness arising from the honoring by a bank or other financial
institution of a check, draft or similar instrument inadvertently drawn against insufficient funds in the ordinary course of business, so long as such Indebtedness is covered within five (5) Business Days; 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (j) to the extent constituting Indebtedness, obligations under Project Documents. Acquisition
Documents or Tax Equity Documents, in each case, that are not Indebtedness for borrowed money; 
 (k) to the extent constituting
Indebtedness, obligations (contingent or otherwise) existing or arising under any Power Purchase Agreement or REC Agreement; 
 (l)
guarantees in respect of Indebtedness otherwise permitted hereunder; 
 (m) Indebtedness of the Borrower or any Subsidiary thereof
consisting of the financing of insurance premiums in the ordinary course of business; 
 (n) Indebtedness of the Borrower or any Subsidiary
thereof consisting of judgments that do not constitute an Event of Default under Section 8.01(g); 
 (o) Taxes or customs
duties, either (i) secured by an acceptable bond, (ii) not yet due or (iii) that are being contested in good faith and by appropriate proceedings diligently conducted (which proceedings have the effect of preventing the forfeiture or
sale of the property or assets subject to any such Lien, title thereto or any material interest therein and shall not interfere in any material respect with the use or disposition of any Project or any Project site (or any material portion
thereof)), if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP, to the extent required by GAAP; 

(p) Indebtedness of the Borrower or any Subsidiary thereof arising from non-speculative hedging
obligations and hedging and hedge-like obligations with respect to capacity, energy, Tax and environmental attributes, ancillary services and other products and services in accordance with the Project Documents or in the ordinary course of business;

 (q) Indebtedness in respect of performance bonds, bid bonds, letters of credit, appeal bonds, surety bonds, completion guarantees,
indemnification obligations, obligations to pay insurance premiums, take or pay obligations and similar obligations incurred in the ordinary course of business in connection with any Project; 

(r) Indebtedness of the Borrower existing on the date hereof as set forth on Part I of Schedule 1.01(G) or Indebtedness of any
Subsidiary of the Borrower existing or set forth in the Base Case Model as of the later of (x) the Closing Date or (y) the date such Person becomes a Subsidiary as set forth on Part II of Schedule 1.01(G), as applicable, and any
renewals or extensions thereof; and 
 (s) unsecured Indebtedness of the Borrower in an aggregate principal amount not to exceed $5,000,000
at any one time outstanding. 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 7.03 Investments. Make or hold any Investments, except: 

(a) Investments held by the Borrower and its Subsidiaries in the form of Cash Equivalents; 

(b) Investments by the Borrower in its Subsidiaries, or by any Subsidiary in any other Subsidiary, in each case other than any Non-Financed Asset unless such Investment is with the proceeds of any Equity Contribution, amounts available for distribution upon satisfaction of the Distribution Conditions, cash standing to the credit of an
account of a Subsidiary that directly or indirectly owns any Non-Financed Asset as of the date contributed to Borrower, and revenues generated by the operation of any Project that is a Non-Financed Asset; 
 (c) Investments made in the ordinary course of business, including 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; 
 (d) Indebtedness permitted by
Section 7.02; 
 (e) the purchase or other acquisition of all or a part of the Equity Interests in, or an interest in all or
substantially all of the property of, or assets constituting a business unit or all or a substantial part of a business unit of, any Person; provided that, if such purchase or acquisition will be funded with the proceeds of any Loan, the
conditions of Section 4.02 or Section 4.03, as applicable, have been satisfied or waived in accordance with the terms hereof with respect to such purchase or acquisition; provided, further, that the Borrower shall not
directly own or acquire any Project, and instead shall either directly or indirectly own or acquire interests in the Project Company that directly owns such Project; 

(f) to the extent constituting Investments, Investments in contracts and other agreements (including, without limitation, Swap Contracts) to
the extent otherwise permitted under the Financing Documents; 
 (g) Investments of the Borrower existing on the date hereof as set forth on
Part I of Schedule 1.01(G) or Investments of any Subsidiary of the Borrower existing as of the later of (x) the Closing Date or (y) the date such Person becomes a Subsidiary as set forth on Part II of Schedule 1.01(G) and, in
each case, any renewals or extensions thereof; 
 (h) Investments with (i) cash on deposit in (A) the Accounts that otherwise
would be payable as a Restricted Payment pursuant to Section 7.06, or (B) any Local Account to the extent such cash was deposited into such Local Account for such purpose, or (ii) the proceeds of any Equity Contribution; 

(i) Investments required in accordance with (A) its Organization Documents (other than any Tax Equity Document) with respect to the
Borrower, as in effect on the Closing Date and, with respect to any Subsidiary of the Borrower, as in effect on the later of (x) the Closing Date or (y) the date such Person becomes a Subsidiary as set forth on Part II of Schedule
1.01(G) or (B) any Tax Equity Document as set forth on Part II of Schedule 1.01(G); 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (j) Investments consisting of the purchase of interests in Projects in accordance with any
Tax Equity Document pursuant to a “call right,” “purchase option,” “put option,” “right of withdrawal” or similar right or option set forth therein (each such purchase, a “Tax Equity Buyout
Exercise”); provided that the aggregate Dollar amount of all such Tax Equity Buyout Exercises shall not exceed $100,000,000, except that such limit shall not apply in the case of any amount funded with (i) cash on deposit in
(A) the Accounts that otherwise would be payable as a Restricted Payment pursuant to Section 7.06, or (B) any Local Account to the extent such cash was deposited into such Local Account for such purpose, or (ii) the
proceeds of any Indebtedness permitted hereunder or any Equity Contribution; 
 (k) Investments constituting capital expenditures permitted
under Section 7.22; 
 (l) performance of any guarantees or undertakings otherwise permitted hereunder made for the benefit of
Subsidiaries; 
 (m) accepting contributions and transfers from a Person that owns any outstanding shares of its capital stock or similar
Equity Interests or any Affiliate; and 
 (n) so long as no Default or Event of Default has occurred and is continuing, other Investments
not exceeding $2,500,000 in the aggregate in any fiscal year of the Borrower. 
 7.04 Fundamental Changes. Except as otherwise
permitted pursuant to Section 7.05, (a) consummate any consolidation, amalgamation, demerger, plan of division, merger or reconstruction, or any analogous arrangement or convey, transfer or lease all or substantially all of its assets in
a single transaction or series of transactions to any Person, (b) wind up, liquidate or dissolve or take any action that would result in the liquidation or dissolution of such Person, or (c) amend or modify its Organization Documents
(other than Tax Equity Documents) or change its legal form, other than any amendments, modifications or changes not reasonably be expected to have a Material Adverse Effect and not adverse to the interests of the Lenders or the Issuing Banks in any
material respect; provided, that so long as no Event of Default exists or would result therefrom, in connection with any acquisition permitted under Section 7.03, any Subsidiary of the Borrower may merge into or consolidate with
any other Person or permit any other Person to merge into or consolidate with it so long as the Person surviving such merger or consolidation shall be a wholly-owned Subsidiary of the Borrower; provided, further, that internal
corporate reorganizations of the Borrower or its Subsidiaries shall be permitted so long as any such reorganization does not involve any Person other than the Borrower and its Subsidiaries and is not adverse to the Lenders in any material respect.

 7.05 Dispositions. Dispose of any of its property, or, issue or sell any shares of Borrower’s or any Subsidiary’s Equity
Interests to any Person, except: 
 (a) Dispositions of uneconomic, obsolete or worn out property, whether now owned or hereafter acquired,
in the ordinary course of business; 

  
 128 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (b) Dispositions of inventory in the ordinary course of business so long as such Disposition
would not negatively impact, in any material respect, the ability of the Borrower or any Subsidiary to operate any Project; 
 (c)
Dispositions of equipment or real 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 reasonably promptly applied to
the purchase price of such replacement property; 
 (d) Dispositions in the form of any Project Sale or any Permitted Tax Equity
Arrangement, so long as (i) the Borrower prepays or causes to be prepaid, all amounts required to be prepaid pursuant to (A) in the case of a Project Sale, Section 2.04(b)(i), or (B) in the case of a Permitted Tax Equity
Arrangement, Section 2.04(b)(ii) and (ii) no Event of Default shall have occurred and be continuing after giving effect to such Disposition and (iii) with respect to the Disposition of Equity Interests of any Subsidiary of the
Borrower in any Partial Project Sale, solely to the extent that such sale is of the Equity Interests of the same class or type, and with the same voting rights and economic interest, as the Equity Interests retained directly or indirectly by the
Borrower in such Subsidiary, subject in each case to the making of any prepayments required to be made in accordance with Section 2.04(b)(i) or 2.04(b)(ii), as applicable. In connection with any such Project Sale or Permitted Tax
Equity Arrangement that complies with the requirements of the Financing Documents, the Administrative Agent, at the expense of the Borrower, agrees to promptly execute and deliver (or cause the Collateral Agent, at the direction of the
Administrative Agent, to execute and deliver) any lien releases, guarantee releases, pay-off letters or other similar instruments or documents; 

(e) any sale or issuance of any Equity Interests in a Subsidiary of the Borrower to the Borrower or any other Subsidiary of the Borrower; 

(f) sales of (and the granting of any option or other right to purchase, lease or otherwise acquire) power, electric capacity, transmission
capacity, emissions credits or ancillary services or other inventory or products in the ordinary course of business; 
 (g) sales or
discounts without recourse of accounts receivable arising in the ordinary course of business in connection with the compromise or collection thereof (but excluding any securitization transaction in connection with any accounts receivable); 

(h) other Dispositions on an arm’s-length basis for cash consideration having a fair market value
not to exceed (i) $5,000,000 in the aggregate in any fiscal year of the Borrower and (ii) $10,000,000 in the aggregate for all such Dispositions for the period from the Closing Date until the Maturity Date; provided, that such Disposition is
not reasonably expected to materially and adversely affect the construction or operation and maintenance of any Project; 
 (i) Dispositions
of land rights (including common facilities), interconnection rights and transmission rights to the extent the Disposition thereof would not reasonably be expected to materially adversely impact the operation of any Project; 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (j) Real property interests required to be disposed of pursuant to Applicable Permits,
development plans or land documents or pursuant to Permitted Liens and, in each case, which are not reasonably expected to be required for construction, operation or maintenance of a Project; 

(k) Dispositions pursuant to foreclosure (to the extent not otherwise a Default or Event of Default hereunder), condemnation or any similar
action with respect to any property or other assets; and 
 (l) any other Disposition expressly permitted by this Agreement or the other
Financing Documents. 
 provided, however that any Disposition pursuant to Section 7.05(b), (c)and (h) shall be for no less than
fair market value. 
 7.06 Restricted Payments. Declare or make, directly or indirectly, any Restricted Payment, except: 

(a) each Subsidiary of the Borrower may make Restricted Payments to the Borrower or any other Subsidiary of the Borrower; 

(b) any Subsidiary may make Restricted Payments to any Tax Equity Investor pursuant to the terms of the applicable Tax Equity Documents; 

(c) the Borrower may declare or pay cash dividends or distributions to or as directed by Holdings or its Affiliates, subject to the
Distribution Conditions;  
 (d) so long as no Default or Event of Default shall have occurred and be continuing or would
exist after giving effect to such Permitted Tax Distribution, the Borrower may make Permitted Tax Distributions in accordance with the Depositary Agreement, in an amount not to exceed the amount of Permitted Tax Distributions reflected for such
taxable period in the Base Case Model; and  
 (e) the Borrower may make such other Restricted Payments as are expressly
permitted by the terms of the Depositary Agreement. 
 7.07 Change in Nature of Business. Engage in any material line of business
substantially different from those lines of business conducted by the Borrower and its Subsidiaries on the date hereof or expressly contemplated by the Financing Documents to be conducted by the Borrower and its Subsidiaries (which, for the
avoidance of doubt, shall include the acquisition, development, construction, ownership, operation, maintenance and disposition of renewable energy projects), or any business substantially related or incidental thereto. 

7.08 Transactions with Affiliates. Enter into any transaction of any kind with any Affiliate of the Borrower, the Sponsor or any of
their respective Affiliates, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to the Borrower or such Subsidiary as would be obtainable by the Borrower or such Subsidiary at the
time in a comparable arm’s-length transaction with a Person other than an Affiliate or the Sponsor or any of their respective Affiliates. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 7.09 Burdensome Agreements. Enter into or permit to exist any Contractual Obligation
that limits the ability (x) of any Subsidiary to make Restricted Payments to the Borrower or to otherwise transfer property to or invest in the Borrower, or (y) of the Borrower or any Subsidiary to create, incur, assume or suffer to exist
Liens on the Collateral, except for: 
 (a) encumbrances and restrictions existing under or by reason of this Agreement or any other
Financing Document; 
 (b) any agreement or instrument in effect on the Closing Date, and any replacement thereof that is entered into on an
arm’s-length basis and, taken as a whole, is no more restrictive that the agreement or instrument it replaces; 

(c) encumbrances or restrictions contained in any agreement of a Person acquired by the Borrower or any Subsidiary in effect at the time of
such acquisition (and any replacement thereof that is entered into on an arm’s-length basis and, taken as a whole, is no more restrictive that the agreement or instrument it replaces), so long as such
agreement was not entered into solely in contemplation of such Person becoming a Subsidiary of the Borrower; 
 (d) any Tax Equity Document;

 (e) any negative pledge incurred or provided in favor of any holder of Indebtedness permitted under Section 7.02(c) solely to
the extent any such negative pledge relates to the property financed by or the subject of such Indebtedness; 
 (f) encumbrances or
restrictions contained in contracts for Disposition permitted by Section 7.05 with respect to the assets or property (including Equity Interests) to be sold thereunder; 

(g) encumbrances or restrictions existing under or by reason of applicable Law, regulation or similar restriction or by any Permit; 

(h) encumbrances or restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary
course of business; 
 (i) customary restrictions on the transfer of non-cash assets contained in
power purchase agreements and similar agreements; and 
 (j) customary provisions contained in agreements entered into in the ordinary
course of business. 
 7.10 Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or indirectly, and whether
immediately, incidentally or ultimately, other than pursuant to Section 6.17. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 7.11 [Reserved]. 

7.12 Accounting Changes. Make any change in (a) accounting policies or reporting practices, except as required by GAAP, or
(b) fiscal year, in each case, unless such change is not materially adverse to the interest of the Lenders or consented to by the Administrative Agent (which consent shall not be unreasonably withheld, conditioned or delayed). In the event of
any change in accounting policy, the Borrower shall provide to the Administrative Agent, sufficient information, in form and substance reasonably required by the Administrative Agent, to enable the Lenders to make an accurate comparison between the
financial position indicated in any financial statements prepared in accordance with the new accounting policy and the last Audited Financial Statements. 

7.13 Prepayments, Etc. of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof
in any manner, or make any payment in violation of any subordination terms of, any Indebtedness, except (a) the prepayment of the Credit Extensions in accordance with the terms of this Agreement and (b) regularly scheduled or required
repayments or redemptions of Indebtedness permitted by Section 7.02 and refinancings and refundings of such Indebtedness in compliance with Section 7.02(b). 

7.14 [Reserved]. 
 7.15
[Reserved]. 
 7.16 Amendments; Change Orders. Directly or indirectly, (a) terminate or cancel, amend, modify, supplement
or waive, or permit or consent to the termination, cancellation, amendment, modification, supplement or waiver of, any of the provisions of, or give any consent under any of the Material Transaction Documents (other than any amendment, modification,
supplement or waiver of any EPC Contract, which is addressed by sub-clause (b) below), unless (i) any such termination, cancellation, amendment, modification, supplement, waiver or consent could not
reasonably be expected to have a Material Adverse Effect, (ii) the Borrower has (A) delivered an updated Base Case Model, accounting for any changes thereto resulting from such termination, cancellation, amendment, modification, supplement
or waiver and (B) prepaid an aggregate principal amount of Loans (together with any amounts required pursuant to Section 2.04(a)(ii)) necessary to comply with the Maximum Loan Amount (calculated and determined giving effect such
termination, cancellation, amendment, modification, supplement, waiver or consent and taking into consideration any replacement Material Transaction Document entered into in connection therewith), or (iii) in the case of any termination or
cancellation, such Material Transaction Document is replaced with a Material Transaction Document substantially similar (or more favorable to the Borrower or its Subsidiary than such document being replaced) thereto within one-hundred and twenty (120) days; provided, that if the Borrower or such Subsidiary is proceeding with diligence and good faith to replace such Material Transaction Document, such contract is reasonably
expected to be replaceable and the extension of time could not reasonably be expected to have a Material Adverse Effect, such 120-day period shall be extended as may be necessary to replace such Material
Transaction Document, such extended period not to exceed one-hundred and eighty (80) days in the aggregate (inclusive of the original 

  
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 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 one-hundred and twenty
(120)-day period); or (b) (AA) amend, modify, supplement or waive, or permit or consent to the amendment, modification, supplement or waiver of, any EPC Contract in respect of a Material Project, unless the
additional amounts payable by the Project Company under the EPC Contract as a result such amendment, modification, supplement or waiver (i) would not reasonably be expected to exceed the amount of any contingency in the Construction Budget for
such Project, or (ii) are funded with (A) cash on deposit in (I) the Accounts that otherwise would be payable as a Restricted Payment pursuant to Section 7.06, or (II) any Local Account or Account, or (B) Equity
Contributions or (BB) amend, modify, supplement or waive, or permit or consent to the amendment, modification, supplement or waiver of, any EPC Contract in respect of a Non-Material Project, unless such
amendment, modification, supplement or waiver would not reasonably be expected to have a Material Adverse Effect, unless such amounts are funded with (A) cash on deposit in the Accounts that otherwise would be payable as a Restricted Payment
pursuant to Section 7.06 or (B) Equity Contributions. 
 7.17 Tax Matters. (a) No election shall be made to
treat the Borrower or any of its Subsidiaries (other than Subsidiaries formed by, acquired or contributed to the Borrower in connection with a Permitted Tax Equity Arrangement, Tax Equity Document or Project Acquisition, and in each case the
expected tax effects of which are properly reflected in the applicable Base Case Model) as a corporation or an association taxable as a corporation for U.S. federal or applicable state income tax purposes, (b) none of the Borrower or any of its
Subsidiaries is classified as a “publicly traded partnership” within the meaning of Section 7704 of the Code, and (c) the Borrower shall make, or shall cause to be made, an election under Section 6226 of the Code with
respect to any “imputed underpayment” assessed against the Borrower or any Subsidiary.  
 7.18 Sanctions;
Anti-Money Laundering; Anti-Corruption. The Borrower will not, and will not permit any of its Controlled Entities or Holdings to (a) become (including by virtue of being owned or controlled by a Blocked Person) a Blocked Person,
(b) directly or knowingly indirectly engage in any dealing or transaction with any Person if such dealing or transaction is prohibited by Anti-Money Laundering Laws, Anti-Corruption Laws, Economic Sanctions Laws or other applicable sanctions
laws or (c) directly or knowingly indirectly use the proceeds of the Credit Extensions, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person, (i) in connection with any
activities or business of or with any Person, or in or involving any country or territory, that, at the time of such funding, is, or whose government is, the subject of any comprehensive Economic Sanctions Laws, each to the extent in violation of
Economic Sanctions Laws, or (ii) in any manner that would result in, or cause, a violation of Anti-Money Laundering Laws, Anti-Corruption Laws, Economic Sanctions Laws or other applicable sanctions laws by any Person in connection with this
Agreement (including any Agent or any Lender). 
 7.19 Accounts. None of the Borrower or any Subsidiary thereof shall establish or
maintain any deposit, securities or other account other than (i) in the case of the Borrower, the Accounts and any Local Accounts and (ii) in the case of any Subsidiary, any accounts to the extent required by any Project Document or any
Permitted Tax Equity Arrangement or otherwise deemed by Borrower in its good faith judgment to be reasonably prudent to establish, so long as no Loan proceeds are funded into any such accounts of any such Subsidiary other than to facilitate payments
permitted hereby during the then-current Funding Period (as such term is defined in the Depositary Agreement). 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 7.20 Subsidiaries. None of the Borrower or any Subsidiary thereof shall establish or
maintain any Subsidiaries other than (a) in connection with any Acquisition Document or Permitted Tax Equity Arrangements or (b) as otherwise deemed reasonably prudent by the Borrower in its good faith judgment in connection with any
Project.  
 7.21 Margin Stock. Directly or indirectly apply any part of the proceeds of any Credit Extension to the
purchasing or carrying of any margin stock within the meaning of Regulations T, U or X of the Federal Reserve Board, or any regulations, interpretations or rulings thereunder. 

7.22 Capital Expenditures. Make any capital expenditures other than (i) in the case of a Construction Project, as provided in the
Construction Budget therefor, (ii) Required Capital Expenditures, or (iii) to the extent funded with (A) cash on deposit in the Accounts, that otherwise would be payable as a Restricted Payment to Holdings pursuant to
Section 7.06, or (B) the proceeds of any Equity Contribution. 
 7.23 Additional Project Documents. Except with
respect to any additional Material Project Document that is an EPC Contract that satisfies the Minimum Criteria, enter into any additional Material Transaction Document unless (a) such additional Material Transaction Document is entered into in
connection with a Project, (b) the Borrower has delivered an updated Base Case Model to the Administrative Agent, accounting for any changes resulting from entry into such additional Material Transaction Document and (c) if applicable, the
Borrower has prepaid an aggregate principal amount of Loans (together with any amounts required pursuant to Section 2.04(a)(ii)) necessary to comply with the Maximum Loan Amount (calculated taking into account any changes resulting from
entry into such additional Material Transaction Document). For the avoidance of doubt, the foregoing limitation shall not apply to any additional Material Transaction Document to which a Project Company is a party as of the date such Project Company
is directly or indirectly acquired by the Borrower pursuant to any Acquisition Document, but shall apply thereafter. 
 7.24 Speculative
Transactions. Engage in any transaction involving any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or
securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions, other than (a) solely in the case of the Borrower, swaps with
Hedge Banks for the purpose of directly mitigating risks associated with fluctuations in interest rates with respect to any interest-bearing liability of Borrower that are (i) on a pari passu or junior basis to the Obligations, and
(ii) entered into in the ordinary course of business and not for speculative purposes and (b) solely in the case of any Subsidiary of the Borrower, swaps or hedges in respect of RECs, energy, ancillary services, capacity, attributes or
other products that are entered into the ordinary course of business and not for speculative purposes and that are not secured by Liens on any of the Collateral or any other assets of the Borrower or any of its Subsidiaries. 

  
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 ARTICLE VIII 

EVENTS OF DEFAULT AND REMEDIES 

8.01 Events of Default. Any of the following shall constitute an “Event of Default”: 

(a) Non-Payment. (i) The Borrower fails to (A) pay when and as required to be paid
herein (including on the Maturity Date), any amount of principal of any Loan (subject to a one (1) Business Day grace period that shall not extend the time for payment of principal in any event beyond the Maturity Date) or any L/C Obligation or
deposit any funds as Cash Collateral in respect of L/C Obligations, (B) pay within five (5) Business Days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due by the Borrower, or (C) pay within
five (5) Business Days after the same becomes due, any other amount payable hereunder or under any other Financing Document or (ii) to the extent any Sponsor Equity Commitment is in effect, the Sponsor fails to pay when and as required to
be paid any amount thereunder. 
 (b) Specific Covenants. 

(i) The Borrower fails to perform or observe any term, covenant or agreement contained in (A) any of Sections
6.03(a), 6.17 or Article VII, (B) Section 6.05 (with respect to the maintenance of existence only) and, in the case of this clause (B), such failure continues for five (5) Business Days (following actual knowledge of
the Borrower in the case of Section 6.03(a)), or (C) any of Sections 6.01, 6.02, 6.03 or 6.07 and, in the case of clause (C), such failure continues for ten (10) Business Days and, in the case of
Sections 6.02 and 6.03 only, after the earlier of (i) an officer of the Borrower or Holdings, as applicable, becoming aware of such default or (ii) receipt by the Borrower or Holdings, as applicable, of notice from the
Administrative Agent or any Lender of such default (any such written notice to be identified as a “notice of default” and to refer specifically to this Section 8.01(b)); 

(ii) Holdings fails to perform or observe any term, covenant or agreement contained in Section 2.04(a) of the Pledge
Agreement (with respect to the maintenance of existence only) and such failure continues for five (5) Business Days; or 

(iii) To the extent any Sponsor Equity Commitment is in effect, the Sponsor fails to perform or observe any term, covenant or
agreement contained therein, and such failure continues for five (5) Business Days. 
 (c) Other Defaults. The Borrower or
Holdings fails to perform or observe any other covenant or agreement (not specified in Section 8.01(a) or (b) above) contained in any Financing Document on its part to be performed or observed and such failure continues for thirty
(30) days after the earlier of (i) an officer of the Borrower or Holdings, as applicable, becoming aware of such default or (ii) receipt by the Borrower or Holdings, as applicable, of notice from the Administrative Agent or any Lender
of such default (any such written notice to be identified as a 

  
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 “notice of default” and to refer specifically to this Section 8.01(c)); provided that
the Borrower or Holdings, as applicable, is proceeding with diligence and in good faith to cure such default and such default is susceptible to cure and the extension of such cure period could not reasonably be expected to have a Material Adverse
Effect, such thirty (30)-day period shall be extended as may be necessary to cure such failure, such extended period not to exceed ninety (90) days in the aggregate (inclusive of the original thirty (30)-day period). 
 (d) Representations and Warranties. Any representation, warranty,
certification or statement of fact made or deemed made by or on behalf of the Borrower, Holdings or the Sponsor herein, in any other Financing Document, or in any document delivered in connection herewith or therewith shall be materially incorrect
or misleading when made or deemed made; provided that if (i) the fact, event or circumstance resulting in such inaccurate representation or warranty is capable of being cured, corrected or otherwise remedied, and (ii) such fact,
event or circumstance resulting in such inaccurate representation or warranty shall have been cured, corrected or otherwise remedied within thirty (30) days (or if such incorrect representation or warranty is not susceptible to cure within
thirty (30) days, and such Person is proceeding with diligence and in good faith to cure such default and such default is susceptible to cure, such thirty (30)-day period shall be extended as may be
necessary to cure such incorrect representation or warranty, such extended period not to exceed ninety (90) days in the aggregate (inclusive of the original thirty (30)-day period)) from the earlier of
(x) the date a Responsible Officer of the Borrower, Holdings or the Sponsor, as applicable, obtains knowledge thereof or (y) receipt by the Borrower of written notice from the Administrative Agent or the Required Lenders (any such written
notice to be identified as a “notice of default” and to refer specifically to this Section 8.01(d)), and such representation or warranty (as cured, corrected or remedied) could not reasonably be expected to result in a Material
Adverse Effect, then such inaccurate representation or warranty shall not constitute a Default or an Event of Default for purposes of the Financing Documents. 

(e) Cross-Default. (i) The Borrower (A) fails to make any payment when due (whether by scheduled maturity, required
prepayment, acceleration, demand, or otherwise subject to any applicable grace period) in respect of any Indebtedness (other than Indebtedness under any Financing Document or any Swap Contract) of the Borrower, as applicable, having an aggregate
principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than $10,000,000, beyond the grace period, if any, provided therefor, or
(B) fails to observe or perform any other agreement or condition relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, in each case, beyond the grace period, if any, provided
therefor, or any other event occurs, and, in the case of clause (A) or (B), as a consequence of such failure to make payment, default or other event, such Indebtedness has been demanded, become due or is required to be repurchased, prepaid,
defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness is required to be made, prior to its stated maturity, or (ii) there occurs under any Swap Contract an Early Termination
Date (as defined in such Swap Contract) resulting from (I) any event of default under such Swap Contract as to which the Borrower is the Defaulting Party (as defined in such Swap Contract) or (II) any Termination Event (as defined in such
Swap Contract) under such Swap Contract as to which the Borrower is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed and not timely paid by the Borrower as a result thereof is greater than $10,000,000. 

  
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 (f) Insolvency Proceedings, Etc. 

(i) The Borrower or Holdings 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 any
receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for sixty (60) calendar days; 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 sixty (60) calendar days, or an order
for relief is entered in any such proceeding. 
 (ii) To the extent any Sponsor Equity Commitment is in effect, Sponsor
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 any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person
and the appointment continues undischarged or unstayed for sixty (60) calendar days; 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 sixty (60) calendar days, or an order for relief is entered in any such proceeding. 

(g) Judgments. One or more final judgments or orders for the payment of money are entered (i) against the Borrower or any
Subsidiary directly or indirectly owning a Material Project, in an aggregate amount (as to all such judgments and orders) exceeding $10,000,000 or (ii) against any Subsidiary of the Borrower directly or indirectly owning a Non-Material Project, in an aggregate amount (as to all such judgments and orders, including judgments and orders under sub-clause (i)) that could reasonably be expected to have a Material Adverse Effect, and in
each case, either (A) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (B) there shall be any period of sixty (60) consecutive days during which a stay of enforcement of such judgment or
order, by reason of a pending appeal or otherwise, shall not be in effect with respect to the Borrower or such Subsidiary, except, in each case, (x) any judgment or order that is discharged, or otherwise bonded or stayed pending appeal, within
sixty (60) days after its entry or (y) any judgment or order 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. 

  
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 (h) ERISA. If (i) any Plan shall fail to satisfy the minimum funding standards of
ERISA or the Code for any plan year or part thereof or a waiver of such standards or extension of any amortization period is sought or granted under section 412 of the Code, (ii) a notice of intent to terminate any Plan shall have been or is
reasonably expected to be filed with the PBGC or the PBGC shall have instituted proceedings under ERISA section 4042 to terminate or appoint a trustee to administer any Plan or the PBGC shall have notified the Borrower or any ERISA Affiliate that a
Plan may become a subject of any such proceedings, (iii) there is any “amount of unfunded benefit liabilities” (within the meaning of section 4001(a)(18) of ERISA) under one or more Plans, determined in accordance with Title IV of
ERISA, (iv) the aggregate present value of accrued benefit liabilities under all funded Non-U.S. Plans exceeds the aggregate current value of the assets of such
Non-U.S. Plans allocable to such liabilities, (v) the Borrower or any ERISA Affiliate shall have incurred or is reasonably expected to incur any liability pursuant to Title I or IV of ERISA or the penalty
or excise tax provisions of the Code relating to employee benefit plans, (vi) the Borrower or any ERISA Affiliate withdraws from any Multiemployer Plan, (vii) the Borrower or any Subsidiary of Borrower establishes or amends any employee
welfare benefit plan that provides post-employment welfare benefits in a manner that would increase the liability of the Borrower or any such Subsidiary thereunder, (viii) the Borrower or any Subsidiary of the Borrower fails to administer or
maintain a Non-U.S. Plan in compliance with the requirements of any and all applicable laws, statutes, rules, regulations or court orders or any Non-U.S. Plan is
involuntarily terminated or wound up, or (ix) the Borrower or any Subsidiary of the Borrower becomes subject to the imposition of a financial penalty (which for this purpose shall mean any tax, penalty or other liability, whether by way of
indemnity or otherwise) with respect to one or more Non-U.S. Plans; and any such event or events described in clauses (i) through (ix) above, either individually or together with any other such event or
events, would reasonably be expected to have a Material Adverse Effect. As used in this Section 8.01(h), the terms “employee benefit plan” and “employee welfare benefit plan” shall have the respective
meanings assigned to such terms in section 3 of ERISA.  
 (i) Invalidity of Financing Documents. Any
provision of any Financing Document at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or
the Borrower, Holdings, or any of their respective Affiliates expressly repudiates in writing the validity or enforceability of any provision of any Financing Document; or the Borrower or Holdings denies in writing that it has any or further
liability or obligation under any provision of any Financing Document or expressly purports to revoke, terminate or rescind any provision of any Financing Document. 

(j) Change of Control. There occurs any Change of Control. 

(k) Collateral Documents. Any Collateral Document after delivery thereof pursuant to Article IV shall for any reason (other than
pursuant to the terms thereof) cease to create a valid and perfected first priority Lien (subject to Permitted Liens) on the Collateral purported to be covered thereby (other than pursuant to a release of Collateral in accordance with the terms of
the Financing Documents); provided that the failure of any such Lien to be valid or perfected shall not constitute an Event of Default if such cessation has been cured within five (5) Business Days after any Responsible Officer of
the Borrower obtains knowledge thereof, and such valid and perfected Lien (with the priority described in such Collateral Document) is restored. 

  
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 (l) Provider Default. A Provider Default shall have occurred and no Qualified
Replacement Manager shall have been appointed to replace the Service Provider within ninety (90) days after the occurrence thereof; provided that if the Borrower is proceeding with diligence and in good faith to replace the Service
Provider, such ninety (90)-day period shall be extended as may be necessary to cure such failure, such extended period not to exceed one-hundred and fifty
(150) days in the aggregate (inclusive of the original 90-day period). 
 (m) Material
Transaction Documents. 
 (i) The Borrower or any Subsidiary shall fail to perform its obligations under any of the
Material Transaction Documents, which failure could reasonably be expected to have a Material Adverse Effect, and such failure continues for thirty (30) days after the earlier of (A) the Borrower or such Subsidiary becoming aware of such
failure or (B) receipt by the Borrower or such Subsidiary of notice from the Administrative Agent or any Lender of such failure; provided, that if the Borrower or such Subsidiary is proceeding with diligence and good faith to cure such
default and such default is susceptible to cure and the extension of such cure period could not reasonably be expected to have a Material Adverse Effect, such thirty (30)-day period shall be extended as may be
necessary to cure such failure, such extended period not to exceed ninety (90) days in the aggregate (inclusive of the original thirty (30)-day period); or 

(ii) Any counterparty to a Material Transaction Document (other than the Borrower or any Subsidiary) shall terminate or breach
its material obligations under such Material Transaction Document, in each case which failure or termination could reasonably be expected to have a Material Adverse Effect, and such Material Transaction Document is not replaced with a Material
Transaction Document substantially similar (or more favorable to the Borrower or its Subsidiary than such document being replaced) thereto within one-hundred and eighty (180) days; provided, that
if the Borrower or such Subsidiary is proceeding with diligence and good faith to replace such Material Transaction Document, such contract is reasonably expected to be replaceable and the extension of such cure period could not reasonably be
expected to have a Material Adverse Effect, such one-hundred and eighty (180)-day period shall be extended as may be necessary to replace such Material Transaction
Document, such extended period not to exceed two-hundred and seventy (270) days in the aggregate (inclusive of the original one-hundred and eighty (180)-day period). 
 (n) Service Agreement. Any amendment, modification or waiver of the Service
Agreement without the prior written consent of the Administrative Agent which would (i) materially and adversely alter or modify the scope of services to be provided by Service Provider to Borrower or any of its Subsidiaries thereunder or
(ii) materially and adversely alter or modify the compensation to be provided to Service Provider by or on behalf of Borrower. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 8.02 Remedies upon Event of Default. If any Event of Default occurs and is continuing,
the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 

(a) declare the commitment of each Lender to make Loans and any obligation of the Issuing Banks 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 Financing 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 Borrower; 
 (c) require that the Borrower Cash Collateralize the L/C Obligations in an amount equal to 102.5% of
the stated amount thereof; and 
 (d) exercise, or direct the Collateral Agent to exercise, on behalf of the Agents, the Lenders and the
Issuing Banks all rights and remedies available to the Agents, the Lenders and the Issuing Banks under the Financing Documents; 
 provided,
however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code, the obligation of each Lender to make Loans and any obligation of each Issuing Bank 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 Borrower to Cash
Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case without further act of any Agent or any Lender. 

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), any amounts received on account of the Obligations shall,
subject to the provisions of Sections 2.14 and 2.15, be applied or cause to be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges
and disbursements of counsel to each Agent and amounts payable under Article III) payable to each Agent in its capacity as such; 

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest
and Letter of Credit Fees) payable to the Lenders and the Issuing Banks (including fees, charges and disbursements of counsel to the respective Lenders and Issuing Banks arising under the Financing Documents and amounts payable under Article
III), ratably among them in proportion to the respective amounts described in this clause Second payable to them; 

  
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 Third, to payment of that portion of the Obligations constituting accrued and unpaid
Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations arising under the Financing Documents, ratably among the Lenders and the Issuing Banks in proportion to the respective amounts described in this clause
Third payable to them; 
 Fourth, to payment of that portion of the Obligations constituting unpaid principal of the Loans,
L/C Borrowings and Obligations then owing under Interest Rate Hedge Agreements, ratably among the Lenders, the Issuing Banks, the Hedge Banks in proportion to the respective amounts described in this clause Fourth held by them; 

Fifth, to the Administrative Agent for the account of the Issuing Banks, to Cash Collateralize that portion of L/C Obligations
comprised of the aggregate undrawn amount of Letters of Credit to the extent not otherwise Cash Collateralized by the Borrower pursuant to Sections 2.03 and 2.14; and 

Last, the balance, if any, after all of the Obligations have been paid in immediately available funds, to the Borrower or as otherwise
required by Law. 
 Subject to Sections 2.03(c) and 2.14, amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit
pursuant to clause Fifth 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. 
 Notwithstanding the foregoing, Obligations arising
under Interest Rate Hedge Agreements shall be excluded from the application described above if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may request,
from the applicable Hedge Bank. Each Hedge Bank not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative
Agent, the Collateral Agent and the Depositary Bank pursuant to the terms of Article IX hereof for itself and its Affiliates as if a “Lender” party hereto. 

8.04 Project Cure. 
 (a)
Full Prepayments. Notwithstanding anything to the contrary contained herein, to the extent an Event of Default relating to a specific Project or Project Company occurs and is continuing, the Borrower shall have the right to cure such Event of
Default (within ten (10) Business Days after the occurrence thereof) by making a prepayment in an amount equal to the difference between (i) the Maximum Loan Amount, calculated and determined including such Project or Project Company and
(ii) the Maximum Loan Amount, calculated and determined without reference to such Project or Project Company. 

  
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 (b) Partial Prepayments. Notwithstanding anything to the contrary contained herein, to
the extent any Event of Default relating to a specific Project or Project Company occurs and is continuing that can be cured by a partial prepayment of the Loans, the Borrower shall have the right to cure such Event of Default within ten
(10) Business Days after the occurrence thereof by prepaying an aggregate principal amount of Loans (together with any amounts required pursuant to Section 2.04(a)(ii)) necessary to comply with the Maximum Loan Amount (calculated
taking into consideration such event giving rise to such Event of Default). 
 ARTICLE IX 

THE AGENTS 
 9.01 Appointment
and Authority. (a) Each of the Lenders and the Issuing Banks hereby irrevocably appoints MUFG Bank, Ltd. to act as the Administrative Agent, and MUFG Union Bank, N.A. to act as the Collateral Agent, in each case, hereunder and under the
other Financing Documents and irrevocably authorizes the Administrative Agent and the Collateral Agent (and the Administrative Agent irrevocably authorizes the Collateral Agent) to take such actions on its behalf and to exercise such powers as are
delegated to the Administrative Agent and the Collateral Agent, as applicable, by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article IX are solely for the
benefit of the Administrative Agent, the Collateral Agent, the Lenders and the Issuing Banks, and the Borrower shall not have rights as a third-party beneficiary of any of such provisions. It is understood and agreed that the use of the term
“agent” herein or in any other Financing Documents (or any other similar term) with reference to the Administrative Agent or the Collateral Agent is not intended to connote any fiduciary or other implied (or express) obligations arising
under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 

(b) Each of the Lenders (including in its capacities as a potential Hedge Bank) and the Issuing Banks hereby irrevocably appoints and
authorizes the Administrative Agent and the Collateral Agent, as applicable, on behalf of and for the benefit of the Secured Parties, to be the agent for and representative of the Lenders and the Issuing Banks with respect to the Collateral, the
Depositary Agreement and the other Collateral Documents, and authorizes the Collateral Agent to act, at the direction of the Administrative Agent, as the agent of such Lender and Issuing Bank for purposes of acquiring, holding and enforcing any and
all Liens on Collateral granted by the Borrower or Holdings to secure any of the Obligations, together with such powers as are reasonably incidental thereto. In this connection, the Collateral Agent and any
co-agents, subagents 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 Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Collateral Agent (acting at the direction of the
Administrative Agent), shall be entitled to the benefits of all provisions of this Article IX and Article X (including Section 10.05(c), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Financing Documents) as if set forth in full herein
with respect thereto. 
 9.02 Rights as a Lender. Each Person serving as an Agent hereunder shall have the same rights and powers in
its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires,
include each Person serving as an Agent 

  
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 hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to,
own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not an Agent hereunder and
without any duty to account therefor to the Lenders. For the avoidance of doubt, MUFG Union Bank, N.A. may act as both Collateral Agent and as Depositary Bank, notwithstanding any potential or actual conflict of interest presented by the foregoing.
Each of the Lenders hereby waives any claim against each of the Collateral Agent, Administrative Agent, Issuing Banks, Depositary Bank, Borrower and any of their respective Affiliates based upon any conflict of interest that such Collateral Agent,
Administrative Agent, Issuing Banks, Depositary Bank, Borrower and any of their respective Affiliates may have with regard to acting as an agent, arranger or Issuing Bank hereunder and acting in such other roles. 

9.03 Exculpatory Provisions. 

(a) Neither the Administrative Agent nor the Collateral Agent shall have any duties or obligations except those expressly set forth herein and
in the other Financing Documents, and each of its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, each such Agent: 

(i) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing; 
 (ii) 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 Financing Documents that the Administrative Agent 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 Financing Documents) or that the Collateral Agent is required to exercise as directed in writing by the Administrative Agent, provided that no Agent shall be required to take any
action that, in its opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to any Financing Document or applicable Law, including for the avoidance of doubt any action that may be in violation of the automatic
stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; provided, further, that the Collateral Agent shall be entitled to
refrain from any act or the taking of any action (including the failure to take an action) in connection herewith or with any of the other Financing Documents or from the exercise of any power or authority vested in it hereunder or thereunder unless
and until such Agent shall have received instructions in respect thereof from the Administrative Agent and, upon receipt of such instructions from the Administrative Agent, such Agent shall be entitled to act or (where so instructed) refrain from
acting, or to exercise such power, discretion or authority, in accordance with such instructions; and 
 (iii) shall not,
except as expressly set forth herein and in the other Financing Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or
obtained by any Person serving as Administrative Agent or Collateral Agent. 

  
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 (b) Neither the Administrative Agent nor the Collateral Agent shall be liable for any action
taken or not taken by it in the absence of its own gross negligence or willful misconduct, as determined by a court of competent jurisdiction by a final and nonappealable judgment. The Administrative Agent and the Collateral Agent shall be deemed
not to have knowledge of any Default unless and until notice describing such Default is given to such Agent by the Borrower, a Lender or an Issuing Bank, or, in the case of the Collateral Agent, the Administrative Agent. 

(c) No Agent shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in
or in connection with this Agreement or any other Financing 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 Financing
Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral 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 applicable Agent. In addition, the Collateral Agent shall not be responsible for compliance with
the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, as amended, or other applicable Law regarding the maintenance of flood insurance, notices of flood hazards and the availability of federal disaster relief
assistance. 
 9.04 Reliance by Agents. The Administrative Agent and the Collateral 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 the proper Person. The Administrative Agent and the Collateral 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, 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, extension, renewal or increase of a Letter of Credit, that by its terms must be
fulfilled to the satisfaction of a Lender or Issuing Bank, the Administrative Agent may presume that such condition is satisfactory to such Lender or Issuing Bank unless the Administrative Agent shall have received notice to the contrary from such
Lender or Issuing Bank prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent and the Collateral Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and
other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

9.05 Delegation of Duties. The Administrative Agent and the Collateral Agent may perform any and all of its duties and exercise its
rights and powers hereunder or under any other Financing Document by or through any one or more sub-agents appointed by the applicable Agent. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
The Administrative Agent and the Collateral 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 Administrative Agent and the Collateral Agent and any
such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as the applicable Agent. Neither the
Administrative Agent nor the Collateral Agent shall be responsible for the negligence or misconduct of any sub-agents selected by it with reasonable care except to the extent that a court of competent
jurisdiction determines in a final and nonappealable judgment that the applicable Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

9.06 Resignation and Removal of Administrative Agent and Collateral Agent. (a) Each of the Administrative Agent and the Collateral
Agent may at any time give notice of its resignation to the Lenders, the Issuing Banks and the Borrower in accordance with this Section 9.06. Upon receipt of any such notice of resignation, the Required Lenders shall have the right (so
long as no Event of Default has occurred that is continuing, with the prior consent of the Borrower), 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, having a combined capital and surplus of at least One Hundred Million Dollars ($100,000,000) or shall be a Lender as of such date. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such
appointment within thirty (30) days after the retiring Agent gives notice of its resignation, (or such earlier day as shall be agreed by the Required Lenders), then the retiring Agent may (but shall not be obligated to) on behalf of the Lenders
and the Issuing Banks (and so long as no Event of Default has occurred that is continuing, with the prior consent of the Borrower), appoint a successor Agent meeting the qualifications set forth above; provided that in no event shall any such
successor Agent be a Defaulting Lender. If no successor has been appointed, such resignation shall become effective on the date that is thirty (30) days following receipt by the Lenders, the Issuing Banks and the Borrower of the retiring
Agent’s notice of resignation (such date or the earlier date on which a successor Agent is appointed in accordance with this Section 9.06(a), the “Resignation Effective Date”). 

(b) If the Person serving as Administrative Agent or Collateral Agent, as applicable (i) is a Defaulting Lender pursuant to clause
(d) of the definition thereof, (ii) materially breaches its duties and obligations hereunder or under the other Financing Documents or (iii) is grossly negligent or engages in willful misconduct as determined by a final and
nonappealable judgment of a court of competent jurisdiction in connection with the performance of its duties hereunder or under the other Financing Documents, the Required Lenders may, to the extent permitted by applicable Law, by notice in writing
to the Borrower and such Person remove such Person as Administrative Agent or Collateral Agent, as applicable (and so long as no Event of Default has occurred that is continuing, with the prior consent of the Borrower) appoint a successor meeting
the qualifications set forth in subclause (a) above. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days (or such earlier day as shall be agreed by the
Required Lenders), then the Borrower may by notice in writing to the Required Lenders and such Person, appoint a successor meeting the qualifications set forth in subclause (a) above (the date of acceptance of such appointment being the
“Removal Effective Date”). 

  
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 (c) With effect from the Resignation Effective Date or the Removal Effective Date (as
applicable) (i) the retiring or removed Agent shall be discharged from its duties and obligations hereunder and under the other Financing Documents (except that in the case of any collateral security held by the applicable Agent on behalf of
the Lenders or the Issuing Banks under any of the Financing Documents, the retiring Agent shall continue to hold such collateral security until such time as a successor Agent is appointed) and (ii) in the case of a retiring or removed
Administrative Agent, except for any indemnity payments or other amounts then owed to the retiring or removed Administrative Agent, 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 Issuing Bank directly, until such time, if any, as a successor Administrative Agent is appointed as provided for above. Upon the acceptance of a successor’s appointment as Agent hereunder, such successor
shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring or removed Agent (other than as provided in Section 3.01(h) and other than any rights to indemnity payments or other amounts owed to
the retiring or removed Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Agent shall be discharged from all of its duties and obligations hereunder or under the other Financing
Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the Borrower to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such
successor. After the retiring or removed Agent’s resignation or removal hereunder and under the other Financing Documents, the provisions of this Article and Section 10.05 shall continue in effect for the benefit of such retiring or
removed 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 or removed Agent was acting as Agent. 

(d) If any Person serving as an Administrative Agent or Collateral Agent also serves as an Issuing Bank, any resignation or removal of such
Agent pursuant to this Section shall also constitute its resignation as Issuing Bank. If any such Agent or any Issuing Bank resigns as Issuing Bank, whether due to its resignation or removal as Agent or otherwise (except for resignation upon
assignment of its Revolving Credit Commitment and Revolving Loans, which is subject to the requirements set forth in Section 10.07(f)), it shall retain all the rights, powers, privileges and duties of an Issuing Bank hereunder with
respect to all Letters of Credit outstanding as of the effective date of its resignation as Issuing Bank and all L/C Obligations with respect thereto, including the right to require the Lenders to make ABR Loans or fund risk participations in
Unreimbursed Amounts pursuant to Section 2.03(c). Upon the appointment by the Borrower of a successor Issuing Bank hereunder (which successor shall in all cases be a Lender other than a Defaulting Lender that has consented to such
appointment) (i) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Issuing Bank, as applicable, (ii) the retiring Issuing Bank shall be discharged from all of their
respective duties and obligations hereunder or under the other Financing Documents, and (iii) the successor Issuing Bank 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 the resigning Issuing Bank to effectively assume the obligations of such Issuing Bank with respect to such Letters of Credit. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 9.07 Non-Reliance on Agents and Other Lenders.
Each Lender and Issuing Bank acknowledges that it has, independently and without reliance upon any Agent or any other 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 Issuing Bank also acknowledges that it will, independently and without reliance upon any Agent 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 Financing Document or any related agreement or any document furnished
hereunder or thereunder. 
 9.08 No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Arrangers listed
on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Financing Documents, except in its capacity, as applicable, as an Agent, a Lender or an Issuing Bank hereunder. 

9.09 Administrative Agent May File Proofs of Claim; Credit Bidding. (a) In case of the pendency of any proceeding under any Debtor
Relief Law or any other judicial proceeding relative to the Borrower, 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 Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(i) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, 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, the Issuing Banks and the Administrative Agent (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing Banks and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the Issuing Banks and the Administrative
Agent under Sections 2.03(h) and (i), 2.08 and 10.05) allowed in such judicial proceeding; and 
 (ii) to collect and
receive any monies or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and the Issuing Banks 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 the Issuing Banks, 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 2.08 and 10.05. 

  
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 (b) 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 Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or Issuing Bank to authorize the
Administrative Agent to vote in respect of the claim of any Lender or Issuing Bank or in any such proceeding. 
 (c) The Secured Parties
hereby irrevocably authorize the Administrative Agent, at the direction of the Required Lenders, to credit bid all or any portion of the Obligations (including accepting some or all of the Collateral in satisfaction of some or all of the Obligations
pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral (i) at any sale thereof conducted under the provisions of the
Bankruptcy Code, including under Sections 363, 1123 or 1129 of the Bankruptcy Code, or any similar Laws in any other jurisdictions to which the Borrower is subject, or (ii) at any other sale or foreclosure or acceptance of collateral in lieu of
debt conducted by (or with the consent or at the direction of) the Administrative Agent (whether by judicial action or otherwise) in accordance with any applicable Law. In connection with any such credit bid and purchase, the Obligations owed to the
Secured Parties shall be entitled to be, and shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable basis that would vest upon
the liquidation of such claims in an amount proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) in the asset or assets so purchased (or in the Equity Interests or debt instruments of the
acquisition vehicle or vehicles that are used to consummate such purchase). In connection with any such bid (A) the Administrative Agent shall be authorized to form one or more acquisition vehicles to make a bid, (B) the Administrative
Agent shall be authorized to adopt documents providing for the governance of the acquisition vehicle or vehicles (provided that any actions by the Administrative Agent with respect to such acquisition vehicle or vehicles, including any
disposition of the assets or Equity Interests thereof shall be governed, directly or indirectly, by the vote of the Required Lenders, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the
Required Lenders contained in clauses (a) through (h) of Section 10.01), (C) the Administrative Agent shall be authorized to assign the relevant Obligations to any such acquisition vehicle pro rata by the Lenders, as a result of
which each of the Lenders shall be deemed to have received a pro rata portion of any Equity Interests and/or debt instruments issued by such an acquisition vehicle on account of the assignment of the Obligations to be credit bid, all without the
need for any Secured Party or acquisition vehicle to take any further action, and (D) to the extent that Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being
higher or better, because the amount of Obligations assigned to the acquisition vehicle exceeds the amount of debt credit bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Lenders pro rata and
the Equity Interests and/or debt instruments issued by any acquisition vehicle on account of the Obligations that had been assigned to the acquisition vehicle shall automatically be cancelled, without the need for any Secured Party or any
acquisition vehicle to take any further action. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 9.10 Collateral Matters. The Administrative Agent, the Lenders (including in its
capacities as a potential Hedge Bank) and the Issuing Banks hereby direct the Collateral Agent and the Depositary Bank to enter into, and perform under, the Depositary Agreement and the other Collateral Documents to which it is a party. Without
limiting the provision of Section 9.09, the Lenders (including in its capacities as a potential Hedge Bank) and the Issuing Banks irrevocably authorize the Administrative Agent, at its option and in its discretion, and the Administrative
Agent irrevocably authorizes the Collateral Agent, acting at the direction of the Administrative Agent, 
 (a) to release any Lien on any
property granted to or held by the Collateral Agent under any Financing Document (i) upon termination of the Aggregate Commitments and payment in full of all Obligations (other than contingent indemnification obligations) and the expiration or
termination of all Letters of Credit that have not otherwise been Cash Collateralized, (ii) that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other disposition permitted
hereunder or under any other Financing Document to a Person that is not the Borrower, (iii) that constitutes “Excluded Assets” (as such term is defined in the Pledge and Security Agreement), or (iv) if approved, authorized or
ratified in writing in accordance with Section 10.01; and 
 (b) to subordinate any Lien on any property granted to or held by
the Collateral Agent under any Financing Document to the holder of any Lien on such property that is permitted by Section 7.01(j) and Section 7.01(m). 

Upon request by the Administrative Agent or the Collateral Agent, through the Administrative Agent, at any time, the Required Lenders will
confirm in writing the Administrative Agent’s authority to release or subordinate (or to direct the Collateral Agent to release or subordinate) its interest in particular types or items of property. In each case as specified in this
Section 9.10, the Administrative Agent will, at the Borrower’s expense, direct the Collateral Agent in writing to execute and deliver to the Borrower such documents as the Borrower may reasonably request to evidence the release of
such item of Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate its interest in such item in accordance with the terms of the Financing Documents and this Section 9.10. 

The Administrative Agent and the Collateral Agent shall not be responsible for or have a duty to ascertain or inquire into any representation
or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Collateral Agent’s Lien thereon, or any certificate prepared by the Borrower in connection therewith, nor shall any
such Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 
 9.11 Interest
Rate Hedge Agreements. Subject to Section 10.23, no Hedge Bank that obtains the benefits of Section 8.03 or any Collateral by virtue of the provisions hereof or any Collateral Document shall have any right to notice of
any action or to consent to, direct or object to any action hereunder or under any other Financing Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and,
in such case, only to the extent expressly provided in the Financing Documents. Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other
satisfactory arrangements have been made with respect to, Obligations arising under Interest Rate Hedge Agreements unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the
Administrative Agent may request, from the applicable Hedge Bank. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 9.12 Notices. The Administrative Agent promptly shall deliver all material documents,
instruments and notices that it receives hereunder and under the other Financing Documents to each Lender. 
 ARTICLE X 

MISCELLANEOUS 
 10.01
Amendments, Etc. Subject to Section 10.02, no amendment or waiver of any provision of this Agreement or any other Financing Document, and no consent to any departure by the Borrower therefrom, shall be effective unless in writing
signed by the Required Lenders (or the Administrative Agent with the consent, in writing, of the Required Lenders) and the Borrower, as the case may be, and acknowledged by the Administrative Agent, 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) waive, modify or amend any condition set forth in Section 4.02 or modify or amend the definition of “Debt Sizing
Criteria” unless such waiver, modification or amendment is approved by each Lender; 
 (b) extend or increase the Revolving Credit
Commitments of any Lender (or reinstate any Revolving Credit Commitments terminated pursuant to Section 8.02) without the written consent of such Lender; 

(c) postpone any date fixed by this Agreement or any other Financing Document for any payment of principal, interest, fees or other amounts
due to the Lenders (or any of them) hereunder or under such other Financing Document, without the written consent of each Lender entitled to such payment; 

(d) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (iii) of the
proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Financing Document without the written consent of each Lender entitled to such amount; provided, however, that only the consent
of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of the Borrower to pay interest or Letter of Credit Fees at the Default Rate; 

(e) change (i) Section 8.03 in any manner that materially and adversely affects the Lenders without the written consent of
the Required Revolving Lenders or (ii) the order of application of any reduction in the Revolving Credit Commitments or any prepayment of Loans from the application thereof set forth in the applicable provisions of Section 2.04(b)
or Section 2.05(b), in any manner that materially and adversely affects the Lenders without the written consent of any affected Lender; 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (f) change (i) any provision of this Section 10.01 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 (other than the
definitions specified in Section 10.01(a) and clause (ii) of this Section 10.01(f)), without the written consent of each Lender or (ii) the definition of “Required Revolving Lenders” without the written
consent of each Revolving Credit Lender; 
 (g) release all or substantially all of the Collateral in any transaction or series of related
transactions, without the written consent of each Lender; provided that consent of the Lenders shall not be required for any release of Collateral permitted under this Agreement or any other Financing Document (including under
Section 1.08 or Section 9.10); 
 (h) impose any greater restriction on the ability of any Lender to assign any of
its rights or obligations hereunder without the written consent of the Required Revolving Lenders; 
 (i) change any provision of this
Agreement or any other Financing Document related to the pro rata sharing of payments to Lenders without the consent of each Lender adversely affected thereby; or 

(j) modify or amend the definition of “Anti-Corruption Laws,” “Anti-Money Laundering Laws,” “Blocked Persons,”
“Economic Sanctions Laws,” “Maximum Project Funding Ratio,” “OFAC,” “Project Funding Ratio” or any definition set forth in Schedule 1.01(F) without the consent of each Lender adversely affected thereby,

 and provided, that (i) no amendment, waiver or consent shall, unless in writing and signed by the Issuing Banks in addition to the Lenders
required above, affect the rights or duties of the Issuing Banks under this Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by any Issuing Bank; (ii) no amendment, waiver or consent shall, unless in
writing and signed by the Administrative Agent, Collateral Agent or Depositary Bank, as applicable, in addition to the Lenders required above, affect the rights or duties of such Person under this Agreement or any other Financing Document; and
(iii) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or
disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than
Defaulting Lenders), except that (x) the Revolving Credit Commitments of any Defaulting Lender may not be increased or extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent of all
Lenders or each affected Lender that by its terms affects any Defaulting Lender disproportionately adversely relative to other affected Lenders shall require the consent of such Defaulting Lender. 

Notwithstanding any provision herein to the contrary, this Agreement may be amended with the written consent of the Administrative Agent and
the Borrower to correct any typographical errors, drafting mistakes or other similar mistakes that do not modify the rights and obligations of the parties hereto. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 If any Lender does not consent to a proposed amendment, waiver, consent or release with
respect to any Financing Document that requires the consent of each Lender and that has been approved by the Required Lenders, the Borrower may replace such non-consenting Lender in accordance with
Section 10.14; 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 Borrower to be made
pursuant to this paragraph). 
 10.02 Expedited Project-Specific Waiver Process; Schedule Updates. 

(a) In the event that, prior to any Initial Project Funding Date, the Borrower identifies a necessary exception to one or more conditions
precedent set forth in Section 4.02 (other than Section 4.02(y)) or Section 4.03 and applicable to such Project that the Borrower in good faith determines is not material to the interests of the Lenders and
identifies and certifies the same to the Administrative Agent, the Administrative Agent shall execute a waiver to Section 4.02 (other than Section 4.02(y)) or Section 4.03, as applicable, on behalf of the Lenders
if the Required Lenders do not object to such waiver request within ten (10) Business Days (for Non-Material Projects) or within fifteen (15) Business Days (for Material Projects) of the Required
Lenders’ receipt of a draft thereof. 
 (b) The Borrower (i) may supplement, modify or amend Schedule 5.12, Schedule
5.19 and Part II of Schedule 1.01(G) after the date hereof to reflect any changes necessary in order to cause the disclosure reflected therein to be true, complete and correct as of each Initial Project Funding Date, Subsequent Project
Funding Date, Other Funding Date or L/C Credit Extension Date, as applicable, (ii) may supplement or modify Part II of Schedule 1.01(G) for purposes of the covenant set forth in Section 7.03(i)(B) upon the execution of any
Tax Equity Document, and (iii) shall supplement, modify or amend Schedule 1.01(B) on an annual basis following each anniversary of the Closing Date following the annual review of such Schedule by the Borrower and the Administrative Agent
in consultation with the Independent Engineer; and, the Administrative Agent shall execute an amendment on behalf of the Lenders to memorialize each such update if the Required Lenders do not object to such amendment request within ten
(10) Business Days (for Non-Material Projects) or within fifteen (15) Business Days (for Material Projects) of the Required Lenders’ receipt of a draft thereof and such approval shall not be
unreasonably withheld, conditioned or delayed to the extent that such disclosure is not the result of an action or inaction otherwise prohibited by any Financing Document. Upon any updates pursuant to this Section 10.02(b), the relevant
Schedules shall be deemed to be supplemented, modified or amended by such updates as of such Initial Project Funding Date, Subsequent Project Funding Date, Other Funding Date or L/C Credit Extension Date (but not as of any previous date) for all
purposes of this Agreement. 
 10.03 Notices; Effectiveness. (a) Notices Generally. Except in the case of notices and
other communications expressly permitted to be given by telephone, all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or
sent by facsimile or electronic mail 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: 

(i) if to the Borrower, any Agent or any Issuing Bank, to the address, facsimile number, electronic mail address or telephone
number specified for such Person on Schedule 11.02; and 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (ii) if to any Lender, to the address, facsimile number, electronic mail
address or telephone number specified on Exhibit E-2. 
 Notices and other communications sent by hand or
overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by facsimile or electronic mail 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). 

Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an email address shall be deemed
received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return email or other written acknowledgement), 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 email address as described in the foregoing clause (i) of notification that such notice or communication
is available and identifying the website address therefor; provided that, for both clauses (i) and (ii), if such notice, email or other communication is not sent during the normal business hours of the recipient, such
notice, email or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. 

(b) 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 Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower, any Lender, any Issuing Bank or any other
Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of Borrower Materials or notices through the
Platform, any other electronic messaging service, or through the Internet. Furthermore, each Public Lender agrees to cause any personnel of such Public Lender who do not wish to receive material non-public
information with respect to the Borrower or its Affiliates to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its
delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United States Federal and state securities Laws, to make reference to Borrower Materials that are not made available through the “Public
Side Information” portion of the Platform and that may contain material nonpublic information with respect to the Borrower or its securities for purposes of United States Federal or state securities laws. 

  
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PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (c) Change of Address, Etc. Each of the Borrower, any Agent and each Issuing Bank may
change its address, facsimile or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, facsimile or telephone number for notices and other communications
hereunder by notice to the Borrower, the Administrative Agent and the Issuing Banks. 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, facsimile number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. 

10.04 No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender, any Issuing Bank or any Agent to exercise, and no delay by
any such Person in exercising, any right, remedy, power or privilege hereunder, under any Financing Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any
other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided, and provided under each Financing Document, are cumulative and not exclusive of any
rights, remedies, powers and privileges provided by law. 
 Notwithstanding anything to the contrary contained herein or under any Financing
Document, the authority to enforce rights and remedies hereunder and under the other Financing Documents against the Borrower or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement
shall be instituted and maintained exclusively by, the Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders and the Issuing Banks; provided, however, that the foregoing shall not prohibit
(a) any Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as such Agent) hereunder and under the other Financing Documents, (b) any Issuing Banks from exercising the rights
and remedies that inure to its benefit (solely in its capacity as Issuing Bank, as the case may be) hereunder and under the other Financing Documents, (c) any Lender from exercising setoff rights in accordance with Section 10.09
(subject to the terms of Section 2.15), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to the Borrower under any Debtor Relief Law; and
provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Financing Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative
Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.15, any Lender may, with the consent of the Required
Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 

  
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 10.05 Expenses; Indemnity; Damage Waiver. 

(a) Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Secured Parties (including the reasonable fees, charges and disbursements of counsel and consultants (provided that reimbursement of such fees, charges and disbursements
of counsel shall be limited to one New York law firm and one local law firm for each jurisdiction in which a relevant Project is located and, in the event of any actual or perceived conflict of interest, one additional counsel to the affected
parties)), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Financing Documents or any amendments, modifications or
waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable and documented
out-of-pocket expenses incurred by the Issuing Banks in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment
thereunder and (iii) all reasonable and documented out-of-pocket expenses incurred by the Secured Parties (including the reasonable fees, charges and disbursements
of any counsel or consultant employed or retained by the Collateral Agent), in connection with (A) any amendments, modifications or waivers requested under or in connection with this Agreement, or (B) the enforcement or protection of its
rights in connection with this Agreement and the other Financing Documents, including its rights under this Section, or in connection with Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 

(b) Indemnification by the Borrower. The Borrower shall indemnify each Agent (and any sub-agent
thereof), each Lender and Issuing Bank, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims,
counterclaims, damages, liabilities, costs and expenses (including the reasonable fees, charges and disbursements of counsel and consultants (provided that reimbursement of such fees, charges and disbursements of counsel shall be limited to one New
York law firm and one local law firm for each jurisdiction in which a relevant Project is located and, in the event of any actual or perceived conflict of interest, one additional counsel to the affected parties)), incurred by any Indemnitee or
asserted against any Indemnitee by any Person (including the Borrower) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result of (i) this Agreement or the other Financing Documents or the
transactions contemplated hereby or thereby (including the Lenders’ agreement to make Credit Extensions, the syndication of the credit facilities provided for herein or the use or intended use of the proceeds thereof, any amendments, waivers or
consents with respect to any provision of this Agreement or any of the other Financing Documents, or any enforcement of any of the Financing Documents), (ii) any actual or alleged Environmental Liability or the Release or threatened Release of
Hazardous Materials relating to or arising from, directly or indirectly, any past or present activity, operation, land ownership, or practice of the Borrower or any of its Subsidiaries, whether or not caused by or arising out of the comparative,
contributory or sole negligence of the indemnitee; or (iii) any claim, litigation, investigation or proceeding relating to any of the foregoing, regardless of whether such Indemnitee or its affiliates are party to or initiated such claim,
litigation, investigation or proceeding or whether such Indemnitee is party thereto; provided that none of the foregoing indemnities shall, 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 

  
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competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee, or such Indemnitee’s Related Parties,
(y) resulted from a material breach of such Indemnitees obligations under the Financing Documents (as determined by a court of competent jurisdiction by final and nonappealable judgment) or (z) resulted from the operations at any property
during any period when such Indemnitee shall be in possession of any such property following the exercise by any Agent or any other Secured Party of any of its rights and remedies under this Agreement or under any Financing Document, including
Releases of Hazardous Materials that initially occur during such period, but not including Releases of Hazardous Materials that initially occurred prior to such period. Without limiting the provisions of Section 3.01(d), this
Section 10.05(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 

(c) Reimbursement by Lenders. To the extent that the Borrower for any reason fails to pay any amount required under subsection
(a) or (b) of this Section to be paid by it to any Agent (or any sub-agent thereof), any Issuing Bank or any Related Party of any of the foregoing, each Lender severally agrees to pay to such Agent (or
any such sub-agent), such Issuing Bank or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is
sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on such
Lenders’ Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided, further, that, the unreimbursed expense or indemnified loss, claim, damage, liability or
related expense, as the case may be, was incurred by or asserted against such Agent (or any such sub-agent), or such Issuing Bank in its capacity as such, or against any Related Party of any of the foregoing
acting for such Agent (or any such sub-agent), or such Issuing Bank in connection with such capacity. The obligations of the Lenders under this subsection (c) are subject to the provisions of
Section 2.11(d). 
 (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable Law, the
Persons party hereto shall not assert, and each such Person hereby waives, and acknowledges that no other Person shall have, 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 or any other Financing 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. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by others of any information or other materials distributed to such party by such
Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Financing Documents or the transactions contemplated hereby or thereby. 

(e) Payments. All amounts due under this Section shall be payable not later than ten (10) Business Days after demand therefor.

  
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 (f) Survival. The agreements in this Section shall survive the resignation of the
Administrative Agent, the Collateral Agent or the Depositary Bank, the resignation or replacement of any Issuing Bank, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all
the other Obligations. 
 10.06 Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to any
Agent, any Issuing Bank or any Lender, or any Agent, any Issuing Bank or any Lender 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 Agent, such Issuing Bank or such Lender 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 Issuing Bank severally agrees to pay to the applicable Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by applicable Agent, 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 Effective Rate from time to time in effect. The obligations of the Lenders and the Issuing Banks under clause (b) of
the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 
 10.07 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 the
Borrower may not assign or otherwise transfer any of its rights or obligations hereunder 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 assignee in accordance with the provisions of Section 10.07(b), (ii) by way of participation in accordance with the provisions of Section 10.07(d), or (iii) by way of pledge or assignment
of a security interest subject to the restrictions of Section 10.07(e) (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 Agents, the Issuing Banks and the Lenders) 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 Revolving Credit Commitment(s) and the Loans (including for purposes of this Section 10.07(b), participations in L/C Obligations) at the time owing to it);
provided that any such assignment shall be subject to the following conditions: 

  
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 (i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Revolving Credit Commitments
and/or the Loans at the time owing to it or contemporaneous assignments to related Approved Funds (determined after giving effect to such assignments) that equal at least the amount specified in Section 10.07(b)(i)(B) in the aggregate or
in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 

(B) in any case not described in Section 10.07(b)(i)(A), the aggregate amount of the Revolving Credit Commitments
(which for this purpose includes Loans outstanding thereunder) or, if the applicable Revolving Credit 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 a “Trade Date” is specified in the Assignment and Assumption, as of such Trade Date, shall not be less
than $10,000,000 and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed). 

(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 Revolving Credit Commitments assigned. 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by
Section 10.07(b)(i)(B) and except that: 
 (A) the consent of the Borrower shall be required unless (1) an
Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender or an Affiliate of a Lender that is an Acceptable Bank; provided that the Borrower shall be deemed to have consented to
any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof; 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required if such
assignment is to a Person that is not a Lender or an Affiliate of such Lender; and 
 (C) the consent of the Issuing Banks
(not to be unreasonably withheld) shall be required for any assignment in respect of the Revolving Credit Facility and for any new Lender selected to participate in an Incremental Revolving Commitment. 

(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 in the amount of $3,500; 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. 

  
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 (v) No Assignment to Certain Persons. No such assignment shall be made
(A) to the Borrower or any of the Borrower’s Affiliates or Subsidiaries or the Sponsor or any of its or their respective Affiliates, (B) to any Defaulting Lender or any of its Affiliates, or any Person who, upon becoming a Lender
hereunder, would constitute any of the foregoing Persons described in this clause (B), (C) to a natural Person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of a natural Person) or
(D) to a Disqualified Lender. 
 (vi) Certain Additional Payments. In connection with any assignment of rights
and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the
Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with
the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to
(x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, any Issuing Bank or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full
pro rata share of all Loans and participations in Letters of Credit in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall
become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

(vii) 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 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, 3.05 and 10.05 with
respect to facts and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver
or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Upon request, the Borrower shall (at its expense) execute and deliver a Revolving Credit Note to the assignee Lender. 

  
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 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 10.07(d). 

(c) Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrower (and such agency being solely for
tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of the
Lenders, and the Revolving Credit Commitments of, and principal amounts (and stated interest) 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 Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this
Agreement. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 

(d) Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell
participations to any Person other than a natural Person or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of a natural Person, a Defaulting Lender or the Borrower or any of the Borrower’s
Affiliates or Subsidiaries or the Sponsor or any of its Affiliates or Subsidiaries (each purchaser of a participation, 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 Revolving Credit Commitments and/or the Loans (including such Lender’s participations in L/C Obligations) owing to it); provided that (i) such Lender’s obligations under this Agreement shall
remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent, the Lenders and the Issuing Banks shall continue to
deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 10.05(c) without
regard to the existence of any participation. 
 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 the first proviso to Section 10.01 that affects such Participant. The Borrower agrees that each Participant shall be
entitled to the benefits of Sections 3.01, 3.04 and 3.05 (subject to the requirements and limitations therein, including the requirements under Section 3.01(f) (it being understood that the documentation required
under Section 3.01(f) shall be delivered to the Lender who sells the participation)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 10.07(b); provided that
such Participant (A) agrees to be subject to the provisions of Sections 3.06 and 10.14 as if it were an assignee under Section 10.07(b) and (B) shall not be entitled to receive any greater payment under Sections
3.01 or 3.04, with respect to any 

  
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participation, than the Lender from whom it acquired the applicable participation would have been entitled to receive, except to the extent such entitlement to receive a greater payment results
from a Change in Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to
effectuate the provisions of Section 3.06 with respect to any Participant. To the extent permitted by applicable Law, each Participant also shall be entitled to the benefits of Section 10.09 as though it were a Lender;
provided that such Participant agrees to be subject to Section 2.15 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a
non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the
Loans or other obligations under the Financing Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of
any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Financing Document) to any Person except to the extent that such disclosure is necessary to
establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant
Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the
contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(e) 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 Revolving Credit Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; 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. 
 (f)
Resignation as Issuing Bank after Assignment. Notwithstanding anything to the contrary contained herein, if at any time any Issuing Bank that is a Revolving Credit Lender assigns all of its Revolving Credit Commitment and Revolving Loans
pursuant to Section 10.07(b), such Issuing Bank may, upon thirty (30) days’ notice to the Borrower and the Lenders, resign as Issuing Bank. In the event of any such resignation as Issuing Bank, the Borrower shall be entitled to
appoint from among the Lenders a successor Issuing Bank hereunder; provided, however, that no failure by the Borrower to appoint any such successor shall affect the resignation of such resigning Issuing Bank. If any Issuing Bank
resigns as Issuing Bank, it shall retain all the rights, powers, privileges and duties of Issuing Bank hereunder with respect to all Letters of Credit issued by it outstanding as of the effective date of its resignation as Issuing Bank and all L/C
Obligations with respect thereto (including the right to require the Lenders to make ABR Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). Upon the appointment of a successor Issuing Bank and the
consent of such successor Issuing Bank to such appointment, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Issuing Bank, and (b) the successor Issuing Bank shall
issue letters of credit in substitution for the Letters of Credit issued by such retiring Issuing Bank, if any, outstanding at the time of such succession or make other arrangements satisfactory to such retiring Issuing Bank to effectively assume
the obligations of such retiring Issuing Bank as applicable, with respect to such Letters of Credit. 

  
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 10.08 Treatment of Certain Information; Confidentiality. Each of the Agents, the
Lenders and the Issuing Banks agrees to maintain the confidentiality of the Information (as defined below) in accordance with procedures adopted by the recipient in good faith to protect confidential information of third parties delivered to such
recipient, and agrees to, to the extent not prohibited by applicable Law from doing so, give the Borrower prompt written notice of any unauthorized use or disclosure of Information, and assist the Borrower in remedying any such unauthorized use or
disclosure, except that Information may be disclosed (a) to its Affiliates and to its Related Parties (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 required or requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the
National Association of Insurance Commissioners), (c) to the extent required by applicable 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 Financing Document or any action or proceeding relating to this Agreement or any other Financing Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing 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 and obligations under this Agreement or any Eligible Assignee invited to be a Lender
pursuant to Section 2.13, (ii) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement or
payments hereunder, or (iii) any seller of risk protection or credit insurer, (g) on a confidential basis to 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, (h) with the consent of the Borrower or (i) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or
(ii) becomes available to any Agent, any Lender, any Issuing Bank or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower. In addition, each Agent and the Lenders may disclose the existence of this
Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service providers to the agents and the Lenders in connection with the administration of this Agreement, the other
Financing Documents and the Revolving Credit Commitments. 
 For purposes of this Section, “Information” means all
information received from Holdings, the Borrower or any Subsidiary relating to Holdings, the Borrower or any Subsidiary or any of their respective businesses, other than any such information that is available to any Agent, any Lender or any Issuing
Bank on a nonconfidential basis prior to disclosure by Holdings, the Borrower or any Subsidiary, provided that, in the case of information received from Holdings, the Borrower or any Subsidiary after the date hereof, 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 kept such
information confidential in accordance with procedures adopted by such Person in good faith to protect confidential information of third parties delivered to such Person. 

  
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 Notwithstanding anything in this Section 10.08 to the contrary, each of the
Agents, the Lenders and the Issuing Banks which is an institution that makes, or is considering making, tax equity investments shall use commercially reasonable efforts not to use any information in any Tax Equity Documents obtained from the
Borrower in any manner adverse to Borrower or its Affiliates. 
 Each of the Agents, the Lenders and the Issuing Banks acknowledges that
(a) the Information may include material non-public information concerning Holdings, the Borrower 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 applicable Law, including United States Federal and
state securities Laws. 
 10.09 Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender, each
Issuing Bank and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender or Issuing Bank or any such Affiliate to or for the credit or the account of the Borrower against any and all
of the obligations of the Borrower now or hereafter existing under this Agreement and any other Financing Document to such Lender or Issuing Bank, irrespective of whether or not such Lender or Issuing Bank shall have made any demand under this
Agreement or any other Financing Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch or office or Affiliate of such Lender or Issuing Bank different from the branch, office or Affiliate
holding such deposit or obligated on such indebtedness; provided, that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent
for further application in accordance with the provisions of Section 2.15 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Agents and the
Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of
each Lender, each Issuing Bank and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender or Issuing Bank or their respective Affiliates may have. Each Lender
and Issuing Bank agrees to notify the 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. 

10.10 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Financing Document, the interest paid or
agreed to be paid under the Financing Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative Agent or any
Lender shall receive interest in an amount 

  
 163 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 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 Borrower. 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
applicable 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. 
 10.11 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 Financing Documents and any separate letter agreements with respect to fees payable to any Agent or any Issuing Bank, constitute the entire agreement 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 facsimile or other electronic imaging means (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement. 

10.12 Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Financing Document
or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. 

10.13 Severability. If any provision of this Agreement or the other Financing 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 Financing 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. Without limiting the foregoing provisions of this Section 10.13, if and to the extent that the enforceability of any
provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent and the Issuing Banks, then such provisions shall be deemed to be in effect only to the
extent not so limited. 
 10.14 Replacement of Lenders. If the Borrower is entitled to replace a Lender pursuant to the provisions of
Section 3.06, or if any Lender is a Defaulting Lender or a Non-Consenting Lender or if any other circumstance exists hereunder that gives the Borrower the right to replace a Lender as a party
hereto, then the Borrower may, at its sole expense and effort, upon notice to such Lender 

  
 164 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 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 10.07), all of its interests, rights (other than its existing rights to payments pursuant to Sections 3.01 and 3.04) and obligations under this
Agreement and the related Financing Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: 

(a) the Borrower shall have paid to the Administrative Agent the assignment fee (if any) specified in Section 10.07(b); 

(b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and L/C Loans, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder and under the other Financing 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 Borrower (in the case of all other amounts); 
 (c) 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; 

(d) such assignment does not conflict with applicable Laws; and 

(e) in the case of an assignment resulting from a Lender becoming a Non-Consenting Lender, the
applicable assignee shall have consented to the applicable amendment, waiver or consent. 
 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 Borrower to require such assignment and delegation cease to apply. 

10.15 Governing Law; Jurisdiction; Etc. (a) THIS AGREEMENT AND THE OTHER FINANCING DOCUMENTS AND ANY CLAIMS, CONTROVERSY, DISPUTE
OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER FINANCING DOCUMENT (EXCEPT, AS TO ANY OTHER FINANCING DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS
CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 (b)
SUBMISSION TO JURISDICTION. THE BORROWER IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE,
AGAINST ANY AGENT, ANY LENDER, ANY ISSUING BANK, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER FINANCING DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, 

  
 165 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 IN ANY FORUM OTHER THAN 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, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF
ANY SUCH ACTION, LITIGATION 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 PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH
ACTION, LITIGATION 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 FINANCING DOCUMENT SHALL AFFECT ANY RIGHT THAT
ANY AGENT, ANY LENDER OR ANY ISSUING BANK MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER FINANCING DOCUMENT AGAINST THE BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(c) WAIVER OF VENUE. THE BORROWER 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 AGREEMENT OR ANY OTHER FINANCING DOCUMENT IN ANY COURT REFERRED TO IN SECTION 10.15(b). EACH OF THE PARTIES
HERETO 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. 

(d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION
10.03. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

10.16 WAIVER OF JURY TRIAL. EACH PARTY HERETO 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 AGREEMENT OR ANY OTHER FINANCING 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 FINANCING DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

  
 166 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 10.17 No Advisory or Fiduciary Responsibility. In connection with all aspects of each
transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Financing Document), the Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that:
(i) (A) the arranging and other services regarding this Agreement provided by the Agents, the Arrangers, and the Lenders are arm’s-length commercial transactions between the Borrower and its
Affiliates, on the one hand, and the Agents, the Arrangers, and the Lenders, on the other hand, (B) the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) the
Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Financing Documents; (ii) (A) the Agents, the Arrangers and the Lenders each is and has
been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Borrower or any of its Affiliates, or any other Person and
(B) none of the Agents, the Arrangers nor any Lender has any obligation to the Borrower or any of its Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Financing
Documents; and (iii) the Agents, the Arrangers the Lenders, and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower and its Affiliates, and none of the
Agents, the Arrangers nor any Lender has any obligation to disclose any of such interests to the Borrower or any of its Affiliates. To the fullest extent permitted by law, the Borrower hereby waives and releases any claims that it may have against
the Agents, the Arrangers and the Lenders with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby. 

10.18 Electronic Execution of Assignments and Certain Other Documents. 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 Notice of Borrowings, 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. 
 10.19 USA PATRIOT Act. Each Lender or Agent that is subject to the PATRIOT Act, is required to obtain, verify
and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender or Agent, as applicable, to identify the Borrower in accordance with the PATRIOT
Act. 

  
 167 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 10.20 Time of the Essence. Time is of the essence of the Financing Documents. 

10.21 Acknowledgement and Consent to Bail-In of Affected Financial Institutions.
Notwithstanding anything to the contrary in any Financing Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under
any Financing Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder
which may be payable to it by any party hereto that is an Affected Financial Institution; and 
 (b) the effects of any Bail-In Action on any such liability, including, if applicable: 
 (i) a reduction in full
or in part or cancellation of any such liability; 
 (ii) a conversion of all, or a portion of, such liability into shares or
other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by
it in lieu of any rights with respect to any such liability under this Agreement or any other Financing Document; or 
 (iii)
the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority. 

10.22 Acknowledgement Regarding Any Supported QFCs. To the extent that the Financing Documents provide support, through a guarantee or
otherwise, for any Swap Contract or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect
to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the
“U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Financing Documents and any Supported QFC may in fact be stated to be governed
by the laws of the State of New York and/or of the United States or any other state of the United States): 
 (a) In the event a Covered
Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any
interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would
be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in 

  
 168 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 property) were governed by the laws of the United States or a state of the United States. In the event a
Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Financing Documents that might otherwise apply to such Supported QFC or any QFC Credit Support
that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Financing Documents were governed
by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any
Covered Party with respect to a Supported QFC or any QFC Credit Support. 
 (b) As used in this Section 10.22, the following
terms have the following meanings: 
 “BHC Act Affiliate” of a party means an “affiliate” (as such term is defined
under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party. 
 “Covered Entity” means any of the
following: 
  

	 	(i)	 a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
252.82(b); 

  

	 	(ii)	 a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
47.3(b); or 

  

	 	(iii)	 a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
382.2(b). 

 “Default Right” has the meaning assigned to that term in, and shall be interpreted in
accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 
 “QFC” has the meaning assigned to the term
“qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 
 10.23 Interest Rate
Hedge Agreements. The parties to this Agreement agree that each Interest Rate Hedge Agreement shall be secured with a Lien on the Collateral, on a pari passu basis with the Obligations. The parties to this Agreement agree that, for
purposes of any sharing of Collateral under the Collateral Documents, each Hedge Bank under an Interest Rate Hedge Agreement, in its capacity as a counterparty or intermediary thereunder, shall be deemed to have made a Loan to the Borrower in an
amount equal to the unpaid amount of any termination and liquidation payments owed by the Borrower to such Hedge Bank under such Interest Rate Hedge Agreement on the date that an Early Termination Event occurs. Notwithstanding anything else in this
Agreement, for purposes of any such Collateral sharing, and for purposes of voting on matters under this Agreement requiring the consent of all Lenders or, if applicable, an affected Lender under Section 10.01, each Hedge Bank shall be
deemed a Lender under the Collateral Documents solely to the extent of the Loan deemed to be made by such Hedge Bank pursuant to this Section 10.23. 

  
 169 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed
as of the date first above written. 
  

			
	GSRP WAREHOUSE I LLC, as the Borrower
	
	By: Goldman Sachs Renewable Power Operating Company LLC, its sole member
	
	By: Goldman Sachs Asset Management, L.P., its investment manager

  

			
	By:	 	/s/ Jon Yoder
	Name:	 	Jon Yoder
	Title:	 	Authorized Person

  
 [Signature Page to
Credit Agreement] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 MUFG BANK, LTD.,
 as Administrative
Agent

		
	By:	 	/s/ Lawrence Blat
	Name:	 	Lawrence Blat
	Title:	 	Authorized Signatory

  
 [Signature Page to
Credit Agreement] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 MUFG UNION BANK, N.A., as

Collateral Agent

		
	By:	 	/s/ Timothy P. Miller
	Name:	 	Timothy P. Miller
	Title:	 	Vice President

  

			
	 MUFG UNION BANK, N.A., as

Depositary Bank

		
	By:	 	/s/ Timothy P. Miller
	Name:	 	Timothy P. Miller
	Title	 	Vice President

  
 [Signature Page to
Credit Agreement] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 MUFG BANK, LTD.,
 as a Lender and an
Issuing Bank

		
	By:	 	/s/ Fred Zelaya
	Name:	 	Fred Zelaya
	Title:	 	Director

  
 [Signature Page to
Credit Agreement] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 CANADIAN IMPERIAL BANK OF
 COMMERCE,
NEW YORK BRANCH,
 as an Issuing Bank and a Lender

		
	By:	 	/s/ Lavinia Macovschi
	Name:	 	Lavinia Macovschi
	Title:	 	Authorized Signatory

 [Signature Page to Credit Agreement] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 HSBC BANK USA, N.A.,
 as an Issuing
Bank and a Lender

		
	By:	 	/s/ James Edmonds
	Name:	 	James Edmonds
	Title:	 	 Director
 ID:22680

 [Signature Page to Credit Agreement] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	NATIXIS, NEW YORK BRANCH, as an Issuing Bank and a Lender
		
	By:	 	 /s/ James Kaiser

	Name:	 	James Kaiser
	Title:	 	Managing Director

  

			
		
	By:	 	/s/ Bhuvan Jain
	Name:	 	Bhuvan Jain
	Title:	 	Vice President

  
 [Signature Page
to Credit Agreement] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SCHEDULE 1.01(A) 

DISQUALIFIED LENDERS 

  
 Schedule 1.01(A) - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SCHEDULE 1.01(B) 

PRE-APPROVED COUNTERPARTIES 

  
 Schedule 1.01(B) - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SCHEDULE 1.01(C) 

CONCENTRATION LIMITS 

  
 Schedule 1.01 (C) - 1

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SCHEDULE 1.01(D) 

[RESERVED] 

  
 Schedule 1.01 (D) - 1

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SCHEDULE 1.01(E) 

ELIGIBILITY REPRESENTATIONS AND WARRANTIES 

  
 Schedule 1.01 (E) - 1

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SCHEDULE 1.01(F) 

DEBT SIZING CRITERIA AND IMPUTED AMORTIZATION 

. 

  
 Schedule 1.01 (F) - 1

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SCHEDULE 1.01(G) 

EXISTING INDEBTEDNESS, LIENS AND INVESTMENTS 

  
 Schedule 1.01(G) – 1

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SCHEDULE 2.01 

REVOLVING CREDIT COMMITMENTS 

AND APPLICABLE PERCENTAGES 

  
 Schedule 2.01 - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SCHEDULE 2.03 

EXISTING LETTERS OF CREDIT 

  
 Schedule 5.13 - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SCHEDULE 5.12 

SUBSIDIARIES; 
 OTHER
EQUITY INVESTMENTS 

  
 Schedule 5.13 - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SCHEDULE 5.19 

ENERGY REGULATORY STATUS 

  
 Schedule 5.19 - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SCHEDULE 11.02 

CERTAIN ADDRESSES FOR NOTICES 

  
 Schedule 11.02 - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT A 

FORM OF NOTICE OF BORROWING 

Date: ___________, _____ 
 To: MUFG Bank Ltd., 

as Administrative Agent 
 1221 Avenue of the Americas, 6th Floor 
 New York, NY 10020-1001 

Attn: Lawrence Blat 
 Phone: 212-405-6621 
 E-mail: lawrence.blat@mufgsecurities.com, 

Agencydesk@us.sc.mufg.jp 
 Ladies and Gentlemen: 

Reference is made to that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto (collectively, the
“Lenders’ and individually, a “Lender”), each issuing bank from time to time party thereto (in such capacities collectively the “Issuing Banks” and each an “Issuing Bank”), MUFG
BANK, LTD., as administrative agent (in such capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity together with its successors and assigns,
the “Collateral Agent”) and depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party thereto. Capitalized terms used but not
otherwise defined in this certificate shall have the meanings assigned to such terms (whether directly or by reference to another agreement or document) in the Credit Agreement. 

The undersigned hereby requests (select one): 
  

			
	☐  A Revolving Credit Borrowing	  	☐  A conversion of Loans from one Type to the other
		
		  	☐  A continuation of Adjusted LIBOR Loans

  

	 	1.	 On                (a
Business Day). 

  

	 	2.	 In the amount of
$                    . 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

	 	3.	 Comprised of
                         

	 	                            	 [Type of Loan requested] 

 

	 	4.	 For Adjusted LIBOR Loans: With an interest period of [one/three/six] months. 

 

	 	5.	 The proceeds of the requested Loans will be used for the following [Project(s): [_____] and] purposes:
[______].1 

  

	1 	 To be limited to uses permitted pursuant to Section 6.17 of the Credit Agreement. 

[Signature Page Follows] 

  
 Exhibit A - 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	GSRP WAREHOUSE I LLC

 
			
		
	By:	 	 

 
			
	Name:	 	

 
			
	Title:	 	

  
 Exhibit A - 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT B-1 

FORM OF PROJECT FUNDING CERTIFICATE 

Date: ___________, _____ 
 To: MUFG Bank Ltd.,

 as Administrative Agent 
 1221 Avenue of the Americas, 6th Floor 
 New York, NY 10020-1001 

Attn: Lawrence Blat 
 Phone: 212-405-6621 
 E-mail: lawrence.blat@mufgsecurities.com, 

Agencydesk@us.sc.mufg.jp 
 Ladies and Gentlemen: 

Reference is made to that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto
(collectively, the “Lenders” and individually, a “Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing
Bank”). MUFG BANK, LTD., as administrative agent (in such capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity, together
with its successors and assigns, the “Collateral Agent”) and depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party
thereto. Capitalized terms used but not otherwise defined in this certificate shall have the meanings assigned to such terms (whether directly or by reference to another agreement or document) in the Credit Agreement. 

Concurrently with the delivery of this Project Funding Certificate, (i) the Borrower has requested a disbursement of Revolving Loans in
connection with the acquisition, development, construction, installation, testing, ownership, operation, and use of [ • ] (the “Project”) in an aggregate principal amount equal to
$                     for the Project [and (ii) the Borrower has submitted one or more Letter of Credit Applications and Letter of Credit
Notices requesting the issuance of one or more Project Letters of Credit in an initial aggregate stated amount equal to $                    
for the Project]1. 
  

 

	1 	 Bracketed language to be included to the extent applicable. 

  
 Exhibit B-1 - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 The undersigned hereby certifies as of the date hereof (the “Initial Project Funding
Date”) that it is a Responsible Officer authorized to act on behalf of Borrower and hereby certifies on behalf of Borrower, as of the Initial Project Funding Date, as follows with respect to the Project: 

1. Pursuant to Section 4.02(b)(i) of the Credit Agreement, a copy of each Project Document and each other Transaction Document [(other
than Acquisition Documents)]2 with respect to such Project in effect as of such Initial Project Funding Date has been uploaded to
[[Intralinks]/[Box]3] and can be accessed at the following address: [_____], which documents have been duly authorized, executed and delivered by the parties thereto, and are in full force and
effect on the Initial Project Funding Date. The Transaction Documents meet all applicable Eligible Vendor Requirements or, solely to the extent the applicable Transaction Document is a type governed by the Eligible Vendor Requirements, otherwise
have been confirmed to the Borrower to be reasonably acceptable to the Required Lenders. 
 2. Pursuant to Section 4.02(b)(ii) of the
Credit Agreement, a copy of each Consent required to be delivered in accordance with Section 4.02(b)(ii) of the Credit Agreement has been uploaded to [[Intralinks]/[Box]] and can be accessed at the following address: [_____]. 

3. Pursuant to Section 4.02(f) of the Credit Agreement, each due diligence summary prepared by Sponsor or its counsel in connection with
the acquisition of such Project, together with any existing environmental reports in the possession of the Borrower or any of its Affiliates, including to the extent such reports have been prepared in connection with any Permitted Tax Equity
Arrangements or Acquisition Documents, has been uploaded to [[Intralinks]/[Box]] and can be accessed at the following address: [_____]. 

4. Pursuant to Section 4.02(h), Borrower has furnished to the Independent Engineer each then current financial model prepared by or on
behalf of Borrower or any of its Subsidiaries in connection with such Project, including any such model prepared in connection with any Permitted Tax Equity Arrangement for such Project, to the extent that the inputs and revenue, technical,
operating or construction assumptions from any such model are incorporated into the Base Case Model delivered on such Initial Project Funding Date. 
  

 

	2 	 Bracketed language to be included for Operating Projects, if applicable; the delivery of Acquisition Documents
shall not be required in connection with any Operating Project to the extent that the applicable Eligibility Representations and Warranties as set forth in Section 20 of Schedule 1.01(E) are made without disclosure or qualification.

	3 	 Box to be used only to extent documents uploaded to Box prior to Closing Date. 

  
 Exhibit B-1 - 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 5. Pursuant to Section 4.02(i) of the Credit Agreement, [the Construction Budget and
Project Schedule]4[the Initial Operating Budget]5 for the Project has been uploaded to [[Intralinks]/[Box]] and can be accessed at the
following address: [_____]. 
 6. [Pursuant to Section 4.02(j) of the Credit Agreement, each of (i) a copy of the EPC Contract
with respect to such Project, which has been duly executed and is in full force and effect, (ii) an unconditional notice to proceed or other evidence that the EPC Contractor with respect to such Project has been given or otherwise been
unconditionally directed to begin performance under the EPC Contract to which it is a party on or prior to the applicable Initial Project Funding Date and (iii) [copies of all equipment procurement arrangements relating to modules, batteries,
racking systems and inverters, as applicable, for such Project, which are executed and in full force and effect, have been uploaded to [[Intralinks]/[Box]] and can be accessed at the following address: [_____]] [all equipment (modules, batteries,
racking systems and inverters, as applicable) are procured by the Project Company pursuant to the EPC Contract]. [Copies of the most recently available quarterly and annual financial statements of the EPC Contractor (as used in this sentence,
limited to the prime engineering, construction and procurement contractor) for such Project, to the extent such EPC Contractor is not a public reporting company, have been uploaded to [[Intralinks]/[Box]] and can be accessed at the following
address: [_____].]6 [Financial statements of the EPC Contractor (as used in this sentence, limited to the prime engineering, construction and procurement contractor) are publicly available.]7]8 
 7. [[Pursuant to Section 4.02(m)
of the Credit Agreement, there are sufficient available disbursements under the Revolving Credit Facility, when taken together with the proceeds of the Equity Contributions on deposit on the Revenue Account and amounts to be provided pursuant to
Sponsor Equity Commitments and Permitted Tax Equity Arrangements to provide sufficient funds to achieve Commercial Operation and Completion prior to such Project’s Project Date Certain.] [To the extent that any letters of credit or other credit
support will be required to be provided to contractual counterparties for such Project, there is projected to be sufficient available commitments under the Letter of Credit Sublimit to issue Letters of Credit to support such obligations.]]9 
  
  

	4 	 Bracketed language to be included for Construction Projects. 

	5 	 Bracketed language to be included for Operating Projects. 

	6 	 Bracketed language to be included to the extent such EPC Contractor is a public reporting company.

	7 	 Bracketed language to be included to the extent such EPC Contractor is not a public reporting company.

	8 	 Bracketed language to be included for Construction Projects. 

	9 	 Bracketed language to be included for Construction Projects. Bracketed language in second sentence to be
included to the extent applicable. 

  
 Exhibit B-1 - 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 8. [Pursuant to Section 4.02(n) of the Credit Agreement, the acquisition under the
Acquisition Document for the Project has been consummated or will be consummated concurrently with the occurrence of the Initial Project Funding Date of such Project.]10 

9. [Pursuant to Section 4.02(p) of the Credit Agreement, the pre-construction drawings for such
Project have been uploaded to [[Intralinks]/[Box]] and can be accessed at the following address: [_____].]11 

10. Pursuant to Section 4.02(u) of the Credit Agreement, all Liens contemplated to be created and perfected in favor of the Collateral
Agent pursuant to the Collateral Documents have been so created and perfected in the applicable jurisdiction. 
 11. [Pursuant to
Section 4.02(w) of the Credit Agreement, the Contribution Agreement in connection with such Project has been uploaded to [[Intralinks]/[Box]] and can be accessed at the following address:
[_____].]12 
 12. [Pursuant to Section 4.02(x), the Organization Documents of
each Subsidiary of the Borrower that is formed or acquired on such Initial Project Funding Date have been uploaded to [[Intralinks]/[Box]] and can be accessed at the following address: [_____].] 

 
  

 

	10 	 Bracketed language to be included for any Project subject to an Acquisition Document. 

	11 	 Bracketed language to be included for Construction Projects. 

	12 	 Bracketed language to be included to the extent the Project Company was contributed to the Borrower by
Holdings. 

 [Signature Page Follows] 

  
 Exhibit B-1 - 4 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 IN WITNESS WHEREOF, the Borrower has caused this Certificate to be duly executed and
delivered, by a Responsible Officer of the Borrower as of the date first above written. 
  

			
	GSRP WAREHOUSE I LLC
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 Exhibit B-1-5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT B-2 

FORM OF BORROWER CERTIFICATE 

Date: ___________, _____ 
 To: MUFG Bank Ltd.,

 as Administrative Agent 
 1221 Avenue of the Americas, 6th Floor 
 New York, NY 10020-1001 

Attn: Lawrence Blat 
 Phone: 212-405-6621 
 E-mail: lawrence.blat@mufgsecurities.com, 

Agencydesk@us.sc.mufg.jp 
 Ladies and Gentlemen: 

Reference is made to that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto
(collectively, the “Lenders” and individually, a “Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing
Bank”), MUFG BANK, LTD., as administrative agent (in such capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity, together with its
successors and assigns, the “Collateral Agent”) and depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party thereto. Capitalized
terms used but not otherwise defined in this certificate shall have the meanings assigned to such terms (whether directly or by reference to another agreement or document) in the Credit Agreement. 

Concurrently with the delivery of this Project Funding Certificate, the Borrower has requested a disbursement of Revolving Loans in connection
with the acquisition, development, construction, installation, testing, ownership, operation, and use of [ ● ] (the “Project”) . 

Pursuant to Section [4.02(q)][4.03(c)] of the Credit Agreement, the undersigned hereby certifies as of the date hereof that it is a
Responsible Officer authorized to act on behalf of Borrower and hereby certifies on behalf of Borrower, as of the date hereof, as follows with respect to the Project: 

1. [Pursuant to Section [4.02(q)(i)][4.03(c)(i)] of the Credit Agreement, the Eligibility Representations and Warranties with respect to such
Project are true and correct in all material respects as of the date hereof, other than those representations and warranties which are modified by materiality by their own terms, which shall be true and correct in all respects as of such date
(unless such representation or warranty relates solely to an earlier date, in which case it shall have been true and correct in all material respects as of such earlier date).] 

  
 Exhibit B-2 - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 2. [Pursuant to Section 4.02(q)(ii) of the Credit Agreement, each Project that is the
subject of the requested Loan satisfies the Eligible Vendor Requirements.] 
 3. [Pursuant to Section 4.02(q)(iii) of the Credit
Agreement, after giving effect to such Loan, the Borrower is in compliance with the Concentration Limits.] 
 4. Pursuant to Section
[4.02(q)(iv)][4.03(c)(iii)] of the Credit Agreement, no Provider Default has occurred and be continuing. 
 5. Pursuant to Section
[4.02(r)][4.03(d)] of the Credit Agreement, each representation and warranty of the Borrower and Holdings under the Financing Documents is true and correct in all material respects as if made as of the date hereof, unless such representation or
warranty expressly relates solely to an earlier date, in which case it shall have been true and correct in all material respects as of such earlier date. 

6. Pursuant to Section [4.02(s)][4.03(e)] of the Credit Agreement, no Default or Event of Default has occurred and is continuing, or will
occur as a result of the occurrence of such [Initial Project Funding Date][Subsequent Project Funding Date][Other Project Funding Date]. 

7. Pursuant to Section [4.02(h)][4.03(i)], the Maximum Loan Amount is: $[_____]. 

8. [Pursuant to Section 4.03(f) of the Credit Agreement, the Initial Project Funding Date in respect of each Project that is the subject
of the requested Loan has occurred on or prior to such Subsequent Project Funding Date.] 
 9. Pursuant to Section [4.02(a)][4.03(g)] of the
Credit Agreement, [Equity Contributions required for the Project to be in compliance with the Maximum Project Funding Ratio and the Debt Sizing Criteria have been paid to the Borrower or any Subsidiary thereof (or to the applicable payee if made
through the payment of Project Costs on behalf of the Project), or otherwise credited to the Project in the case of previously funded Equity Contributions, in an amount not less than the Project’s Allocated Minimum Equity Contribution][Equity
Contributions required for the Projects to be in compliance with the Maximum Project Funding Ratio and the Debt Sizing Criteria have been paid to the Borrower or any Subsidiary thereof (or to the applicable payee if made through the payment of
Project Costs on behalf of a Project), or otherwise credited to the Projects in the case of previously funded Equity Contributions, in an amount not less than the Projects Allocated Minimum Equity Contribution] 

  
 Exhibit B-2 - 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 10. Pursuant to Section [4.02(h)][4.03(i)], attached hereto as Annex 1 is the updated Base
Case Model, revised as of such [Initial Project Funding Date][Subsequent Project Funding Date][Other Funding Date] to reflect any modifications required due to assumptions relating to the Project(s) for which such Loans are requested, revised Net
Cash Flow based on the Project(s) for which such Loans are requested and otherwise accounting for the funding of such Loans [and such Letters of Credit for such Project(s)], and demonstrating that such requested Loans are in compliance with the Debt
Sizing Criteria and Maximum Loan Amount. 
 11. [Pursuant to Section 4.02(q), attached hereto as Annex 2 is the completed Asset
Register for the Project.] 
 12. [Pursuant to Section 4.03(c), solely in connection with a Subsequent Project Funding Date, to the
extent the “Scheduled Date For Completion” of such Construction Project has occurred, Completion has not occurred and the Project Date Certain has not yet occurred (as such dates are specified in the Asset Register for such Project), none
of the proceeds of such Revolving Loans will be used to finance any cost overruns or delays in respect of such Project.] 
 13. [Each of the
other conditions precedent to the occurrence of the [Initial Project Funding Date][Subsequent Project Funding Date][Other Funding Date] in Section [4.02][4.03] of the Credit Agreement have been satisfied (or waived in accordance therewith) [with
respect to each Project that is the subject of the requested Loan] as of the date hereof.] 
 14. [If the Project is a Construction Project,
attached hereto as Appendix A is the completed screening form for environmental and social considerations for the Project.] 
 All
Certifications made herein are made solely in such person’s capacity as an officer of Borrower and not in such person’s individual capacity. 

IN WITNESS WHEREOF, the Borrower has caused this Certificate to be duly executed and delivered, by a Responsible Officer of the Borrower as of
the date first above written. 
  

			
	GSRP WAREHOUSE I LLC
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 Exhibit B-2 - 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Annex 1 to Exhibit B-2 

Base Case Model 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Annex 2 to Exhibit B-2 

Asset Register 
 See attached.

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Goldman Sachs Renewable Power 

GSRP Warehouse Facility 
 

 
 Holding Company 

Portfolio Name 
 MW 

# of Projects 
 Status 

Close Date† 
 Tax Equity Structure

 Tax Equity Partner 
 Tax
Equity Payment Priority 
 Project Debt Balances 

Debt (Current) 
  

 

	†	 Representative of the greater of the closing date for the most recently closed tranche within the portfolio, or
the latest anticipated commercial operation date for construction portfolios, or the latest anticipated closing date for operational portfolios. 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

	
	GSRP Warehouse Facility
	Asset Register
	[    ] Funding
	
	Project Overview
	
	Project Status
	Portfolio Name
	Project Name
	Project Type
	Storage (Yes/No)
	GSRP Asset ID
	DC Size (kWdc)
	AC Size (kWac)
	DC / AC Ratio
	Storage Size (kW)
	Storage Capacity (kWh)
	# Sites
	COD
	Address
	City
	State
	County
	Zip Code
	Country
	Latitude
	Longitude
	
	Financing Structure
	
	Borrower Ownership Percentage
	Tax Equity Structure
	Tax Equity Partner
	Tax Equity Rating
	TE Commitment Expiration Date
	ITC Recapture End Date
	Asset LLC Name
	HoldCo
	
	Project Economics
	
	Modeled Useful Life (Yrs)
	Useful Life Yrs Remaining
	Specific Yield (kWh/kWp)
	Acquisition Signing Date
	Acquisition Closing Date
	System Location
	Mounting Type
	Mounting Structure OEM
	Module OEM
	Pre-approved Module Supplier
	Inverter OEM
	Pre-approved Inverter Supplier
	DAS Vendor
	Interconnection Provider
	O&M Provider

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

	
	Off-Taker / PPA
	
	Off-Taker
	Off-Taker Type
	Credit Rating Category
	Credit Rating
	Credit Rating Date
	Credit Rating Agency
	PPA Rate ($ / kWh)
	PPA Term (Years)
	PPA Start Date
	PPA Term End Date
	PPA Term Remaining
	PPA COD / REC Deadline
	Outside PPA COD
	
	Other Contracted Revenue
	
	Other Revenue
	
	REC
	
	REC Counterparty
	Credit Rating Category
	Credit Rating
	Contracted REC term
	Merchant REC Curve
	REC Price ($/MWh)
	
	Merchant Energy Curve
	
	Storage
	
	Contracted Storage Revenue
	Contracted Storage Revenue Type
	Purchaser
	Purchaser Type
	Credit Rating Category
	Credit Rating
	Rate ($ / kWh)
	Term (Years)
	Start Date
	Term End Date
	Term remaining
	COD/Deadline
	Outside COD
	
	Construction-Stage Assets
	
	EPC Contractor
	Pre-approved EPC Contractor
	Construction Start Date
	EPC COD
	Scheduled Substantial Completion Date
	
	Project Documents
	
	O&M Agreement
	PPA and Offtake
	Permits
	Environmental Site Assessment
	Land/Leases
	I/C
	EPC Contract
	Supply Contracts
	Guarantees / Credit Support

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

	
	
	Other Diligence
	
	CIM
	Offtaker Financials
	Guarantor Financials
	IE Report or Checklist
	Insurance Consultant Report or Checklist
	Market Consultant Report
	Legal DD Memo
	Flow of Funds Memorandum
	Financial Model
	Sponsor Due Diligence Summary
	KYC: LLCAs
	KYC: Certificates of Formation
	KYC: W-9s
	Asset Register
	PPA Matrix
	
	Warehouse Drop-down Criteria
	
	Project Costs / Construction Cost
	Project Materiality
	Equity Amount 15% Equity Threshold Met
	Tax Equity Meets 98% Limit
	Project Date Certain
	Funding Type
	TE Commitment (Construction-stage)
	Sponsor Equity Commitment in lieu of 3rd-party TE
	EPC Contractor Accepted
	Battery, Inverter and Panel Suppliers Accepted
	Debt Sizing Criteria
	Type Concentration Limit
	Rating Concentration Limit
	Model Signoff by Required Lenders
	
	IE Review
	
	Site review & development
	System design & technology
	Solar resource & energy analysis
	Engineering, procurement & construction
	Operation & maintenance review
	PPA & interconnection
	Model; confirmed inputs and project models
	Sufficient Funds
	Confirmed Project Costs for Debt Sizing Criteria
	IE Report/Checklist + EP4 Questionnaire
	Merchant Curve
	
	Reps and Warranties
	
	LC Amounts within Limits
	
	Transaction Documents
	Project Documents
	Acquisition Documents
	Tax Equity Documents
	
	Collateral Documents
	
	Organization Documents
	Pledged Collateral

 Lien Searches 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Insurance 

Insurance Consultant Report / Checklist 
 Insurance Certificates

 Other CPs 
 No Default or Event of Default 

Lien Creation and Perfection 
 DSRA Funded 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT C 

FORM OF REVOLVING CREDIT NOTE 
  

FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay to
                         or its registered assigns (the “Lender”), in accordance with the provisions of
the Agreement (as hereinafter defined), the principal amount of the Loan from time to time made by the Lender to the Borrower under that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto, each issuing
bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing Bank”), MUFG BANK, LTD., as administrative agent (in such capacity, together with its successors and
assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity, together with its successors and assigns, the “Collateral Agent”) and depositary bank (in such capacity,
together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party thereto. Capitalized terms used but not otherwise defined in this Revolving Credit Note shall have the meanings assigned
to such terms (whether directly or by reference to another agreement or document) in the Credit Agreement. 
 The Borrower promises to pay
interest on the unpaid principal amount of the Revolving Loan made by the Lender from the date of such Loan until such principal amount is paid in full, at such interest rates and at such times as provided in the Credit Agreement. All payments of
principal and interest shall be made to the Administrative Agent for the account of the Lender in U.S. Dollars in immediately available funds at the Administrative Agent’s Office. If any amount is not paid in full when due hereunder, such
unpaid amount shall bear interest, to be paid upon demand, from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Credit Agreement. 

This Revolving Credit Note is one of the Revolving Credit Notes referred to in the Credit Agreement, is entitled to the benefits thereof and
may be prepaid in whole or in part subject to the terms and conditions provided therein. Upon the occurrence and continuation of one or more of the Events of Default specified in the Credit Agreement, all amounts then remaining unpaid on this Note
may be declared to be, or in certain circumstances shall automatically become, immediately due and payable all as provided in the Credit Agreement. Revolving Loans made by the Lender shall be evidenced by one or more loan accounts or records
maintained by the Lender in the ordinary course of business. The Lender may also attach schedules to this Revolving Credit Note and endorse thereon the date, amount and maturity of its Revolving Loans and payments with respect thereto. 

  
 Exhibit C - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 The Borrower, for itself, its successors and assigns, hereby waives diligence, presentment,
protest and demand and notice of protest, demand, dishonor and non-payment of this Note. 
 THIS
NOTE MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS OF THE AGREEMENT. TRANSFERS OF THIS NOTE MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT TO THE TERMS OF THE AGREEMENT. 

THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

[Signature Page Follows.] 

  
 Exhibit C - 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	GSRP WAREHOUSE I LLC
	
	By:                                  
                                        
                     
	Name:	 	
	Title:	 	

 : 

  
 Exhibit C - 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 LOANS AND PAYMENTS WITH RESPECT THERETO 

 

													
	 Date
	  	 Type of

Loan Made
	  	 Amount of

Loan Made
	  	 End of Interest
Period
	  	
Amount of
Principal or
Interest Paid
This Date
	  	
Outstanding
Principal
Balance This
Date
	  	 Notation
Made By

  
 Exhibit C - 4 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT D 

FORM OF COMPLIANCE CERTIFICATE 

Date: ___________, _____ 
 To: MUFG Bank Ltd., as
Administrative Agent 
 1221 Avenue of the Americas, 6th Floor 

New York, NY 10020-1001 
 Attn: Lawrence Blat 

Phone: 212-405-6621 

E-mail: lawrence.blat@mufgsecurities.com, 

Agencydesk@us.sc.mufg.jp 
 Ladies and Gentlemen: 

Reference is made to that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto (collectively, the
“Lenders” and individually, a “Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing Bank”), MUFG
BANK, LTD., as administrative agent (in such capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity, together with its successors and assigns,
the “Collateral Agent”) and depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party thereto. Capitalized terms used but not
otherwise defined in this certificate shall have the meanings assigned to such terms (whether directly or by reference to another agreement or document) in the Credit Agreement. 

The undersigned hereby certifies, on behalf of Borrower, solely in his capacity as a Responsible Officer thereof, and not in his individual
capacity and without personal liability, as follows as of the date set forth below: 
 1. I have reviewed the terms of the Agreement and
have made, or have caused to be made under my supervision, a review in reasonable detail of the transactions and condition of the Borrower during the accounting period covered by the attached financial statements. The foregoing examination did not
disclose, and I have no knowledge of, the existence of any condition or event which constitutes an Event of Default or Default, during or at the end of the accounting period covered by the attached financial statements or as of the date of this
Certificate, except as set forth in a separate attachment, if any, to this Certificate, describing in detail, the 

  
 Exhibit D - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 2. The financial statements delivered with this Certificate fairly present, in all material
respects, the financial condition of the Borrower as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal
year-end adjustments and, in the case of unaudited financial statements, the absence of footnotes. 

3. The foregoing certifications, together with the financial statements delivered with this Certificate in support hereof, are made and
delivered pursuant to Section 6.02(b) of the Agreement. 
 [Signature Page Follows] 

  
 Exhibit D - 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	Dated this    day of                     ,     .
	
	GSRP WAREHOUSE I LLC
		
	By:	 	 
		
	Name:	 	
		
	Title:	 	

  
 Exhibit D - 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT E-1 

FORM OF ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below
and is entered into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each]2 Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood
and agreed that the rights and obligations of [the Assignors][the Assignees]3 hereunder are several and not joint.]4 Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below
(as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by
reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an agreed consideration, [the][each]
Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the
Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a
Lender][their respective capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding
rights and obligations of [the Assignor] [the respective Assignors] under the Revolving Credit Facility (including, without limitation, the Letters of Credit included in such Revolving Credit Facility) and (ii) to the extent permitted to be assigned
under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)] [the respective Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown,
arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited
to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations 

 
  

	1 	 For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a
single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language. 

	2 	 For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a
single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language. 

	3 	 Select as appropriate. 

	4	 Include bracketed language if there are either multiple Assignors or multiple Assignees.

  
 Exhibit E-1 - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being
referred to herein collectively as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation
or warranty by [the][any] Assignor 
  

	1.	 Assignor[s]:
                                        

 [Assignor [is] [is not] a Defaulting Lender] 
  

	2.	 Assignee[s]:
                                        

 [for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]] 

 

	3.	 Borrower:
                                         
    

  

	4.	 Administrative Agent: MUFG Bank, Ltd., as the administrative agent under the Credit Agreement

  

	5.	 Credit Agreement: Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party
thereto (collectively, the “Lenders” and individually, a “Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an
“Issuing Bank”). MUFG BANK, LTD., as administrative agent (in such capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity,
together with its successors and assigns, the “Collateral Agent”) and depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners
party thereto. 

  
 Exhibit E-1 - 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 6. Assigned Interest[s]: 
  

																	
	 Assignor[s] 5
	  	Assignee[s]6
	 	  	Aggregate Amount of
Revolving Credit
Commitment/Revolving
Loans for all Lenders7	 	  	Amount of Revolving
Credit Commitment/
Revolving Loans
Assigned	 	  	Percentage Assigned of
Revolving Credit
Commitment/Revolving
Loans 8	 
		  				  	$	 	 	  	$	 	 	  	 	%	 
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  	$	 	 	  	$	 	 	  	 	%	 
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  				  	$	 	 	  	$	 	 	  	 	%	 
	  
	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

  

	[7.	 Trade
Date:                ]9 

Effective Date: __________________, 20__ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE
REGISTER THEREFOR.] 
 The terms set forth in this Assignment and Assumption are hereby agreed to: 

 

			
	 ASSIGNOR[S]10

[NAME OF ASSIGNOR]

		
	By:	 	 

  

			
	[NAME OF ASSIGNOR]
		
	By:	 	 
	Title:	 	

  

			
	 ASSIGNEE[S]11

[NAME OF ASSIGNEE]

  
  

 

	5 	 List each Assignor, as appropriate. 

	6 	 List each Assignee and, if available, its market entity identifier, as appropriate. 

	7 	 Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take
into account any payments or prepayments made between the Trade Date and the Effective Date. 

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

	9	 To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined
as of the Trade Date. 

	10	 Add additional signature blocks as needed. Include both Fund/Pension Plan and manager making the trade (if
applicable). 

	11	 Add additional signature blocks as needed. Include both Fund/Pension Plan and manager making the trade (if
applicable). 

  
 Exhibit E-1 - 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
		
	By:	 	 
	Title:	 	

  

			
	[NAME OF ASSIGNEE]
		
	By:	 	 
	Title:	 	

 [Consented to and]12 Accepted: 

 

			
	 MUFG BANK LTD.,as
 Administrative
Agent

		
	By:	 	 
		 	Title:

  

			
	[Consented to:]13
		
	By:	 	 
		 	Title:

  
  

 

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

	13 	 To be added only if the consent of the Borrower and/or other parties (e.g. an Issuing Bank) is required by the
terms of the Credit Agreement. 

  
 Exhibit E-1 - 4 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 

1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][[the
relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment
and Assumption and to consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in
connection with the Credit Agreement or any other Financing Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Financing Documents or any collateral thereunder, (iii) the financial
condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Financing Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person
of any of their respective obligations under any Financing Document. 
 1.2. Assignee. [The][Each] Assignee (a) represents and
warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit
Agreement, (ii) it meets all the requirements to be an assignee under Section 10.07(b) of the Credit Agreement (subject to such consents, if any, as may be required under Section 10.07(b)(iii) of the Credit Agreement),
(iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it
is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced
in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section __ thereof, as
applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and
without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase
[the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; and
(b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, [the][any] 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 Financing Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Financing Documents are required to be performed by
it as a Lender. 

  
 Exhibit E-1 - 5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the
relevant] Assignee for amounts which have accrued from and after the Effective Date. Notwithstanding the foregoing, the Administrative Agent shall make all payments of interest, fees or other amounts paid or payable in kind from and after the
Effective Date to [the][the relevant] Assignee. 
 3. General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed
counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in
accordance with, the law of the State of New York. 

  
 Exhibit E-1 - 6 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT E-2 

LENDING OFFICES 
 MUFG Bank, Ltd., as
Lender and Issuing Bank 
 MUFG Bank, Ltd. 

1221 Avenue of the Americas 
 New
York, NY 10020 
 Attention: Brad Gross 

Tel: +1 (212) 782-4422 

Email: bgross@us.mufg.jp 
 HSBC Bank USA,
N.A., as Lender and Issuing Bank 
 HSBC Bank USA, N.A. 

1 West 39th Street, 5th Floor 

New York, NY 10018 
 Attention:
Karun Chopra / Amaury de Seynes 
 Tel: +1 (212) 525-8112 / +1 (347)
978-6682 
 Email: karun.chopra@us.hsbc.com / amaury.de.seynes@us.hsbc.com 

Natixis, New York Branch, as Lender and Issuing Bank 

Natixis, New York Branch 
 1251
Ave. of the Americas 
 New York, NY 10020 

Attention: James Kaiser / Pedro Aparicio 

Tel: +1 (212) 872-5170 / +1
(212)-583-4936 
 Email: james.kaiser@natixis.com /
pedro.aparicio@natixis.com 
 Canadian Imperial Bank of Commerce, New York Branch 

Canadian Imperial Bank of Commerce, New York Branch 

300 Madison Avenue, 5th Floor 

New York, NY 10017 
 Attention:
James Wright / Edwin Stone 
 Tel: +1 (203-703-8067 

Email: james.wright@cibc.com / edwin.stone@cibc.com 

  
 Exhibit E-2 - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT F-1 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto (collectively,
the “Lenders” and individually, a “Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing Bank”),
MUFG BANK, LTD., as administrative agent (in such capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity, together with its successors and
assigns, the “Collateral Agent”) and depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party thereto. 

Pursuant to the provisions of Section 3.01(f) 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 Revolving Credit 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 the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a “controlled foreign corporation” related to the Borrower as described in Section 881(c)(3)(C) of the
Code. 
 The undersigned has furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. Person status on IRS
Form W-8BEN or W-8BEN-E, as applicable. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and
(2) the undersigned shall have at all times furnished the 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 such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used
herein shall have the meanings given to them in the Credit Agreement. 
 [Signature Page Follows.] 

  
 Exhibit F-1 - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	[NAME OF LENDER]
		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 
	
	Date:     ________ __, 20[     ]

  
 Exhibit F-1 - 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT F-2 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto (collectively,
the “Lenders” and individually, a “Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing Bank”).
MUFG BANK, LTD., as administrative agent (in such capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity, together with its successors and assigns,
the “Collateral Agent”) and depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party thereto. 

Pursuant to the provisions of Section 3.01(f) 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 the
Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a “controlled foreign corporation” related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person
status on IRS Form W-8BEN or W-8BEN-E, as applicable. 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 such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
 [Signature Page Follows.] 

  
 Exhibit F-2 - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	 [NAME OF PARTICIPANT] 

		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 
	
	Date:     ________ __, 20[     ]

  
 Exhibit F-2 - 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT F-3 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto (collectively,
the “Lenders” and individually, a “Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing Bank”),
MUFG BANK, LTD., as administrative agent (in such capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity, together with its successors and
assigns, the “Collateral Agent”) and depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party
thereto.     
 Pursuant to the provisions of Section 3.01(f) of the Credit Agreement, the undersigned hereby
certifies that (i) it is the sole record owner 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 such participation, neither the undersigned nor any of its direct or indirect partners/members is a “bank” extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business 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 the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of
its direct or indirect partners/members is a “controlled foreign corporation” related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with IRS 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, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS Form
W-8BEN or W-8BEN-E, as applicable, 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 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 such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
 [Signature Page Follows.] 

  
 Exhibit F-3 - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	[NAME OF PARTICIPANT]
		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 
		
	Date:	 	________ __, 20[     ]

  
 Exhibit F-3 - 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT F-4 

FORM OF 
 U.S. TAX
COMPLIANCE CERTIFICATE 
 (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto (collectively,
the “Lenders” and individually, a “Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing Bank”), MUFG BANK,
LTD., as administrative agent (in such capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity, together with its successors and assigns, the
“Collateral Agent”) and depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party thereto. 

Pursuant to the provisions of Section 3.01(f) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record owner of the Loan(s) (as well as any Revolving Credit 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 Revolving Credit Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Financing Document, neither the undersigned nor any of its direct or indirect
partners/members is a “bank” extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business 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 the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a “controlled foreign corporation” related
to the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Administrative Agent and the
Borrower with IRS 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, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS
Form W-8BEN or W-8BEN-E, as applicable, 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 Borrower and the Administrative Agent, and
(2) the undersigned shall have at all times furnished the 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 such payments. 

  
 Exhibit F-4 - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall
have the meanings given to them in the Credit Agreement. 
 [Signature Page Follows.] 

  
 Exhibit F-4 - 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	[NAME OF LENDER]
		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 
		
	Date:	 	________ __, 20[     ]

  
 Exhibit F-4 - 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT G 

FORM OF 
 SOLVENCY
CERTIFICATE 
 February [ ● ], 2021 

Reference is made to that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or otherwise
modified in writing from time to time, the “Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto (collectively, the
“Lenders” and individually, a “Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing Bank”), MUFG BANK,
LTD., as administrative agent (in such capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity, together with its successors and assigns, the
“Collateral Agent”) and depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party thereto. Capitalized terms used but not
otherwise defined in this certificate shall have the meanings assigned to such terms (whether directly or by reference to another agreement or document) in the Credit Agreement. 

The undersigned hereby certifies, on behalf of Borrower and its Subsidiaries, solely in his capacity as a Responsible Officer thereof, and not
in his individual capacity and without personal liability, as follows as of the date first set forth above: 
 1. I have reviewed the terms
of the Credit Agreement and the other Financing Documents relevant to the matters set forth herein, and the definitions and provisions contained in the Credit Agreement and the other Financing Documents relating thereto, and, in my opinion, have
made, or have caused to be made under my supervision, such examination or investigation as is necessary to enable me to express an informed opinion as to the matters referred to herein. 

2. Based upon my review and examination described in paragraph 1 above, I certify that as of the date first set forth above, after giving
effect to the transactions contemplated by the Financing Documents to occur on the Closing Date, including the making of Loans and other Credit Extensions under the Credit Agreement, and after giving effect to the application of the proceeds of such
Credit Extensions, the Borrower is, individually and together with its Subsidiaries on a consolidated basis, Solvent. 
 [Signature Page
Follows] 

  
 Exhibit G - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 IN WITNESS WHEREOF, the undersigned has executed this Solvency Certificate in such
undersigned’s capacity as a Responsible Officer of the Borrower, on behalf of the Borrower, and not individually and without personal liability, as of the date first stated above. 

 

			
	GSRP WAREHOUSE I LLC
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 Exhibit G - 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT H 

FORM OF 
 BORROWER’S
CLOSING DATE CERTIFICATE 
 Date: [ ● ] 

To: MUFG Bank LTD. 
 as Administrative Agent 

1221 Avenue of the Americas, 6th Floor 

New York, NY 10020-1001 
 Attn: Lawrence Blat 

Phone: 212-405-6621 

E-mail: lawrence.blat@mufgsecurities.com, 

Agencydesk@us.sc.mufg.jp 
  

	 	Re:	 GSRP Warehouse I LLC 

Ladies and Gentlemen: 
 This certificate (this
“Certificate”) is delivered pursuant to Section 4.01 of that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the
“Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto (collectively, the “Lenders” and individually, a
“Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing Bank”). MUFG BANK. LTD., as administrative agent (in such
capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity, together with its successors and assigns, the “Collateral Agent”) and
depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party thereto. All certifications made herein are made solely in such person’s
capacity as an officer of Borrower and not in such person’s individual capacity. 
 The undersigned hereby certifies as of the Closing
Date that it is a Responsible Officer authorized to act on behalf of Borrower and hereby certifies on behalf of Borrower, as of the Closing Date, as follows: 

1. Pursuant to Section 4.01(c) of the Credit Agreement, Borrower has delivered executed copies of the Transaction Documents in effect as of the Closing
Date, in each case duly authorized, executed and delivered by the parties thereto, which meet all applicable requirements in the Minimum Criteria or otherwise have been confirmed to the Borrower to be reasonably acceptable to the Required Lenders.

  
 Exhibit H - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 2. Pursuant to Section 4.01(f) of the Credit Agreement, no action, suit, proceeding or investigation has
been instituted or threatened in writing in any court or before any arbitrator or Governmental Authority that could reasonably be expected to have a Material Adverse Effect. 

3. Pursuant to Section 4.01(i) of the Credit Agreement, no Material Adverse Effect has occurred and is continuing. 

4. Pursuant to Section 4.01(k) of the Credit Agreement, each representation and warranty of Borrower and Holdings under the Financing Documents are true
and correct in all material respects (other than any representation or warranty that relates solely to an earlier date, which representation or warranty have been true and correct in all material respects as of such earlier date). 

5. Pursuant to Section 4.01(m) of the Credit Agreement, no event of bankruptcy has occurred with respect to Holdings, the Borrower or any Subsidiary of
the Borrower. 
 6. Pursuant to Section 4.01(o) of the Credit Agreement, no Default or Event of Default has occurred and is continuing, or will occur
as a result of the occurrence of the Closing Date. 
 7. Pursuant to Section 4.01(r) of the Credit Agreement, all consents, approvals, authorizations
and filings required in connection with the execution, delivery and performance by the Borrower and Holdings and the validity against the Borrower and Holdings of the Financing Documents to which it is a party and the consummation of the
transactions thereunder have been obtained or made and are in full force and effect as of the Closing Date. 
 8. Each of the other conditions precedent to
the Closing Date set forth in Section 4.01 of the Credit Agreement have been satisfied (or waived in accordance therewith) as of the date hereof. 

[Signature Page Follows] 

  
 Exhibit H - 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 IN WITNESS WHEREOF, Borrower has caused this Certificate to be duly executed and delivered,
by a Responsible Officer of Borrower as of the date first above written. 
  

			
	GSRP WAREHOUSE I LLC

 
			
		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 

  
 Exhibit H - 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT I-1 

FORM OF 
 INSURANCE
CONSULTANT’S CERTIFICATE 
 (CLOSING DATE) 

_____________, 2021 
 MUFG Bank, Ltd., 

as Administrative Agent 
 1221 Avenue of the Americas, 6th Floor 
 New York, NY 10020-1001 

Attn: Lawrence Blat 
 Phone: 212-405-6621 
 E-mail: lawrence.blat@mufgsecurities.com, 

Agencydesk@us.sc.mufg.jp 
 Re: Goldman Sachs Renewable Power LLC

 Ladies and Gentlemen: 
 The undersigned, a
duly authorized representative of Moore-McNeil, LLC (the “Insurance Consultant”), hereby provides this letter in accordance with Section 4.01(p) of the Credit Agreement, dated as of February 23, 2021 (as amended, restated,
extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time
party thereto (collectively, the “Lenders” and individually, a “Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an
“Issuing Bank”), MUFG BANK, LTD., as administrative agent (in such capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such
capacity, together with its successors and assigns, the “Collateral Agent”) and depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and
bookrunners party thereto. Capitalized terms used but not otherwise defined in this letter shall have the meanings assigned to such terms (whether directly or by reference to another agreement or document) in the Credit Agreement. 

The Insurance Consultant hereby makes the following statements in favor of the Relying Parties (as defined below) with respect to the Borrower
as of the date first mentioned above: 
 (1) The Insurance Consultant acknowledges that pursuant to the Financing Documents, the Lenders and
the Issuing Banks are providing financing to the Borrower, and in so doing are relying on this Insurance Consultant’s Certificate and the Insurance Consultant’s report dated [ ● ], 2021 (the “Insurance Consultant’s
Report”). 

  
 Exhibit I -1-1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (2) Attached hereto as Appendix I is an accurate and complete copy of the Insurance
Consultant’s Report. 
 (3) The Insurance Consultant’s Report was prepared in good faith by the Insurance Consultant in accordance
with generally accepted consulting practices using information provided to the Insurance Consultant by the Borrower and its Affiliates, counsel to the Borrower, and the Borrower’s insurance broker, the accuracy of which has not been
independently verified by the Insurance Consultant. 
 (4) Since the date of the Insurance Consultant’s Report, nothing has come to the
Insurance Consultant’s attention which would materially affect, or cause it to change, the findings and conclusions included in the Insurance Consultant’s Report. The Insurance Consultant’s Report has not been modified, edited,
altered or amended in any respect by the Insurance Consultant since the date of the Insurance Consultant’s Report. 
 (5) The Insurance
Consultant hereby confirms, as of the date hereof, the evaluation, conclusions and recommendations contained in the Insurance Consultant’s Report represent the Insurance Consultant’s professional opinion and that such opinions are subject
to the legal notice therein. 
 (6) In connection with the preparation of the Insurance Consultant’s Report, personnel of the Insurance
Consultant have participated in telephonic and/or email discussions with representatives of the Borrower, its Affiliates, and the Borrower’s insurance broker. 

(7) The Insurance Consultant hereby confirms, as of the date hereof, that based upon the information provided to it by or on behalf of the
Borrower, insurance required to be obtained by the Borrower as described in Section 6.07 of the Credit Agreement (the “Required Insurance”) has been obtained, such Required Insurance is: (i) in full force and effect and
complies in all material respects with the Required Insurance, (ii) all premiums due and payable on all such Required Insurance have been paid in full or are not in arrears, (iii) evidence of insurance provided is reasonably consistent
(except to the extent expressly noted in the Insurance Consultant’s Report) with the types and amounts noted in the insurance requirements as set in the Project Documents that have been reviewed and summarized in Appendix B of the Insurance
Consultant’s Report, except as otherwise stated therein, and (iv) the costs of such insurance coverage for the first year of operation as shown in the Base Case Model are consistent with the Insurance Consultant’s Report for such
period.  
 (8) Statements from the Borrower’s insurance broker as well as certificates of insurance and/or other information
representing compliance with the Required Insurance, copies of which are attached hereto as Appendix II, provide satisfactory evidence that the Borrower has complied with the terms and conditions of Section 6.07 of the Credit Agreement. 

  
 Exhibit I -1 -2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (9) The Insurance Consultant has reviewed the Required Insurance and is familiar with the
terms stated therein. It is the Insurance Consultant’s opinion that the types and amounts of insurance specified in Section 6.07 of the Credit Agreement are reasonable and consistent with prudent industry standards for power generation
projects of similar size and scope as the anticipated portfolio of projects to be owned from time to time by the Borrower. 
 (10) The
Insurance Consultant’s liability hereunder is limited as set forth in the Client Services Agreement, dated as of October 5, 2018 and the Schedule of Work No. 4, dated as of November 20, 2020, between Alliant Insurance Services,
Inc. and Goldman Sachs Asset Management L.P. 
 The undersigned, on behalf of the Insurance Consultant, hereby confirms that the
Administrative Agent, the Lenders, the Issuing Banks, the Hedge Banks, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents, together with their
respective directors, officers, employees, representatives, agents, consultants, attorneys, and their respective affiliates, successors and permitted assigns (each a “Relying Party” and collectively, the “Relying
Parties”) shall be permitted to rely on the Insurance Consultant’s Report as if the Insurance Consultant’s Report was specifically addressed to the Relying Parties. 

This letter is not to be construed as legal advice or a legal opinion, nor shall any statement made herein be deemed to be relied upon as
legal advice. This letter is not to be deemed as a warranty or guaranty that the insurance currently in force or required to be in full force will remain in full force and effect. 

The Insurance Consultant disclaims any obligation to update this reliance letter after the date hereof. This reliance letter is not intended
to be, and may not be, relied upon by any parties other than the Relying Parties. A copy of the Insurance Consultant’s Report and this reliance letter may be furnished (i) to any governmental authority to whose regulations any Relying
Party is subject or as otherwise required by law, rule or regulation and (ii) in private communications to counsel, accountants or financial advisors of any Relying Party (it being understood that such persons to whom such disclosure is being
made will be informed of the confidential nature of this reliance letter and the Insurance Consultant’s Report and instructed to keep such information confidential and that the Relying Parties will not, under any condition, further distribute
the Report or any excerpts therefrom to other persons or entities including any persons or entities engaged in the business of providing insurance consulting and due diligence advisory services similar to Insurance Consultant). 

[Signature Page Follows] 

  
 Exhibit I -1-3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 IN WITNESS WHEREOF, the Insurance Consultant has caused this Insurance Consultant’s
Certificate to be duly executed and delivered by an authorized officer of the Insurance Consultant as of the date first above written. 
  

			
	Respectfully submitted,
	
	 MOORE-MCNEIL LLC, a Tennessee limited liability company

		
	By:	 	 
	Name:	 	
	Title:	 	

  
 Exhibit I -1- 4 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 APPENDIX I 

Insurance Consultant’s Report 

[To follow.] 

  
 Exhibit I -1 - 5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 APPENDIX II 

Evidence of Insurance Compliance 

  
 6 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT I-2 

FORM OF 
 INSURANCE
CONSULTANT’S CHECKLIST 
 Each time a Non-Material Project is added to the Borrower’s insurance
program relevant to the Credit Agreement, the Insurance Consultant will review the insurance coverage as follows:  
  

	 	1.	 Property Insurance: review the property insurance coverages that are customarily
sub-limited and/or aggregated to ensure they are not less than the greater of (a) full replacement cost value of the Project or (b) 125% of the 1/500 year event for each project or the portfolio of
projects as established by PML study for the applicable NAT CAT coverage. 

  

	 	2.	 Liability Insurance: review the liability insurance to ensure it is not less than the greater amounts required
in Project Documents or $20,000,000 for Operating Projects, per occurrence and annual aggregate. 

 In addition, the Insurance Consultant
will perform the following actions: 
  

	 	1.	 Insurance Consultant signs off on the certificate(s) of insurance issued by the Borrower’s insurance
broker. 

  

	 	2.	 Insurance Consultant issues an addendum to the Insurance Consultant Report dated February 9, 2021 and
provides it to the Borrower and the Administrative Agent. 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT I-3 

FORM OF 
 INSURANCE
CONSULTANT’S CERTIFICATE 
 (Initial Project Funding Date) 

_____________, 20__ 
 MUFG Bank, Ltd., 

as Administrative Agent 
 1221 Avenue of the Americas, 6th Floor

 New York, NY 10020-1001 
 Attention: Lawrence Blat 

Phone: 212-405-6621 

E-mail: lawrence.blat@mufgsecurities.com, Agencydesk@us.sc.mufg.jp 

Re: Goldman Sachs Renewable Power LLC 
 Ladies and Gentlemen:

 The undersigned, a duly authorized representative of Moore-McNeil, LLC (the “Insurance Consultant”), hereby provides
this letter in accordance with (i) Section 4.02(c) of the Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit
Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto (collectively, the “Lenders” and individually, a
“Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing Bank”), MUFG BANK, LTD., as administrative agent (in such
capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity, together with its successors and assigns, the “Collateral Agent”) and
depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party thereto. Capitalized terms used but not otherwise defined in this letter shall have
the meanings assigned to such terms (whether directly or by reference to another agreement or document) in the Credit Agreement. 
 The
Insurance Consultant hereby makes the following statements in favor of the Relying Parties (as defined below) with respect to the Borrower and the Project[s] (as defined below) as of the date first mentioned above: 

(1) The Insurance Consultant acknowledges that pursuant to the Financing Documents, the Lenders and the Issuing Banks are providing financing
to the Borrower with respect to [___] (the “Project[s]”), and in so doing are relying on this Insurance Consultant’s Certificate and the Insurance Consultant’s addendum with respect to the Project[s] dated [___], 20[__] to the
Insurance Consultant’s report dated [___], 20[__] (the “Insurance Consultant’s Addendum”). 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (2) Attached hereto as Appendix I is an accurate and complete copy of the Insurance
Consultant’s Addendum. 
 (3) The Insurance Consultant’s Addendum was prepared in good faith by the Insurance Consultant in
accordance with generally accepted consulting practices using information provided to the Insurance Consultant by the Borrower and its Affiliates, counsel to the Borrower, and the Borrower’s insurance broker in respect of the Projects, the
accuracy of which has not been independently verified by the Insurance Consultant. 
 (4) Since the date of the Insurance Consultant’s
Addendum, nothing has come to the Insurance Consultant’s attention which would materially affect, or cause it to change, the findings and conclusions included in the Insurance Consultant’s Addendum. The Insurance Consultant’s Addendum
has not been modified, edited, altered or amended in any respect by the Insurance Consultant since the date of the Insurance Consultant’s Addendum. 

(5) The Insurance Consultant hereby confirms, as of the date hereof, the evaluation, conclusions and recommendations contained in the Insurance
Consultant’s Addendum represent the Insurance Consultant’s professional opinion and that such opinions are subject to the legal notice therein. 

(6) In connection with the preparation of the Insurance Consultant’s Addendum, personnel of the Insurance Consultant have participated in
telephonic and/or email discussions with representatives of the Borrower, its Affiliates, and the Borrower’s insurance broker in respect of the Project[s]. 

(7) The Insurance Consultant hereby confirms, as of the date hereof, that based upon the information provided to it by or on behalf of the
Borrower, insurance required to be obtained by the Borrower as described in Section 6.07 of the Credit Agreement (the “Required Insurance”) has been obtained, and such Required Insurance is: (i) in full force and effect and
complies in all material respects with the Required Insurance, (ii) all premiums due and payable on all such Required Insurance have been paid in full or are not in arrears, (iii) evidence of insurance provided is reasonably consistent
(except to the extent expressly noted in the Insurance Consultant’s Addendum) with the types and amounts noted in the insurance requirements as set forth in the Project Documents that have been reviewed and summarized in Appendix [__] of the
Insurance Consultant’s Addendum, except as otherwise stated therein, and (iv) the costs of such insurance coverage for the first year of operation as shown in the Base Case Model are consistent with the Insurance Consultant’s Addendum
for such period.  
 (8) Statements from the Borrower’s insurance broker as well as certificates of insurance and/or other
information representing compliance with the Required Insurance, copies of which are attached hereto as Appendix II, provide satisfactory evidence that the Borrower has complied with the terms and conditions of Section 6.07 of the Credit
Agreement. 

  
 Exhibit I-3-2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (9) The Insurance Consultant has reviewed the Required Insurance and is familiar with the
terms stated therein. It is the Insurance Consultant’s opinion that the types and amounts of insurance specified in Section 6.07 of the Credit Agreement are reasonable and consistent with prudent industry standards for power generation
projects of similar size and scope as the Project[s]. 
 (10) The Insurance Consultant’s liability hereunder is limited as set forth in
the Client Services Agreement, dated as of October 5, 2018 and the Schedule of Work No. 4, dated as of November 20, 2020, between Alliant Insurance Services, Inc. and Goldman Sachs Asset Management L.P.  

The undersigned, on behalf of the Insurance Consultant, hereby confirms that the Administrative Agent, the Lenders, the Issuing Banks, the
Hedge Banks, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents, together with their respective directors, officers, employees, representatives,
agents, consultants, attorneys, and their respective affiliates, successors and permitted assigns (each a “Relying Party” and collectively, the “Relying Parties”) shall be permitted to rely on the Insurance
Consultant’s Addendum as if the Insurance Consultant’s Addendum was specifically addressed to the Relying Parties. 
 This letter
is not to be construed as legal advice or a legal opinion, nor shall any statement made herein be deemed to be relied upon as legal advice. This letter is not to be deemed as a warranty or guaranty that the insurance currently in force or required
to be in full force will remain in full force and effect. 
 The Insurance Consultant disclaims any obligation to update this reliance
letter after the date hereof. This reliance letter is not intended to be, and may not be, relied upon by any parties other than the Relying Parties. A copy of the Insurance Consultant’s Addendum and this reliance letter may be furnished
(i) to any governmental authority to whose regulations any Relying Party is subject or as otherwise required by law, rule or regulation and (ii) in private communications to counsel, accountants or financial advisors of any Relying Party
(it being understood that such persons to whom such disclosure is being made will be informed of the confidential nature of this reliance letter and the Insurance Consultant’s Addendum and instructed to keep such information confidential and
that the Relying Parties will not, under any condition, further distribute the Report or any excerpts therefrom to other persons or entities including any persons or entities engaged in the business of providing insurance consulting and due
diligence advisory services similar to Insurance Consultant). 
 [Signature Page Follows] 

  
 Exhibit I-3-3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 IN WITNESS WHEREOF, the Insurance Consultant has caused this Insurance Consultant’s
Certificate to be duly executed and delivered by an authorized officer of the Insurance Consultant as of the date first above written. 
  

			
	
	 Respectfully submitted, 

	
	 MOORE-MCNEIL LLC, a Tennessee limited liability company

		
	By;	 	 
	Name:	 	
	Title:	 	

  
 Exhibit I-3 -4 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 APPENDIX I 

Insurance Consultant’s Addendum 

[To follow.] 

  
 Exhibit I-3-5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 APPENDIX II 

Evidence of Insurance Compliance 

  
 Exhibit I-3-5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT J-1 

FORM OF INDEPENDENT ENGINEER’S CERTIFICATE 

Date:                     ,
20[        ] 
 MUFG Bank, Ltd., 

as Administrative Agent 
 1221 Avenue of the Americas, 6th Floor 
 New York, NY 10020-1001 

Attn: Lawrence Blat 
 Phone: 212-405-6621 
 E-mail: lawrence.blat@mufgsecurities.com, 

Agencydesk@us.sc.mufg.jp 
  

	 	Re:	 GSRP Warehouse I LLC Solar Portfolio 

Ladies and Gentlemen: 
 GSRP WAREHOUSE I LLC, a
limited liability company organized and existing under the laws of the State of Delaware (“Borrower”), entered into that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”), among GSRP WAREHOUSE I, LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto
(collectively, the “Lenders” and individually, a “Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing
Bank”), MUFG BANK, LTD., as administrative agent (in such capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity, together with its
successors and assigns, the “Collateral Agent”) and depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party thereto.
Capitalized terms used but not defined herein shall have the meaning given in the Credit Agreement. 
 The Administrative Agent, the
Lenders, the Issuing Banks, the Hedge Banks, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents, together with their respective directors, officers,
employees, representatives, agents, consultants, attorneys, and their respective affiliates, successors and permitted assigns shall be referred to herein as the Reliance Parties”. 

[This certificate and reliance letter is issued in connection with the [    ] Project (the Project”).]

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 [The undersigned, a duly authorized representative of Enertis Solar Inc. (the
“Consultant”), acknowledges that the Reliance Parties will be relying on [insert description of the report] (the “Report”), a true, correct and complete copy of which is attached hereto as Appendix A, and the

 Consultant consents to such reliance. The Report was prepared in good faith by the Consultant in accordance with generally accepted consulting and
industry practices. Nothing has come to the attention of the Consultant as of the date hereof that causes the Consultant to believe that the Report contains any untrue statements of material fact or omits to state a material fact necessary in order
to make the statements made therein, in the light of the circumstances under which they were made, not misleading. The Consultant hereby confirms, as of the date hereof that the evaluation, conclusions and recommendations contained in the Report are
accurate and complete in all material respects.] 
 [The Report has no other purpose and should not be relied on by any other persons or
entities other than the Reliance Parties. The Reliance Parties are advised that (a) the Report was originally prepared for the sole use of Goldman Sachs Asset Management, L.P., and (b) reliance by the Reliance Parties upon the Report or
any information, opinions or assertions therein, and all rights and liability arising therefrom, will be governed exclusively by the terms of the Proposal by and among Enertis and Goldman Sachs Asset Management, L.P., dated as of September 29,
2017, a true, correct and complete copy of which is attached hereto as Appendix B.] 
 Furthermore, the undersigned, a duly authorized
representative of the Consultant hereby certifies on behalf of the Consultant, as of the date hereof, as follows: 
 1. Equity Contributions
required to be in compliance with the Maximum Project Funding Ratio and the Debt Sizing Criteria have been paid to the Borrower or any Subsidiary thereof (or to the applicable payee if made through the payment of Project Costs on behalf of a
Project), or otherwise credited to the Projects in the case of previously funded Equity Contributions, in an amount not less than the Allocated Minimum Equity Contribution. 

2. The inputs and revenue, technical, operating and construction assumptions for the Project are reasonable based on the Consultant’s
review of the Project and the Project Documents [and the merchant curve generated by the Market Consultant], and have been properly incorporated into the Base Case Model. 

3. [The [Operating Budget]1[Construction Budget and Project Schedule]2 and contingency set forth therein with respect to such Project
[are][is] (a) reasonable and appropriate for the Project and (b) consistent with the Project Documents for the Project and the Base Case Model.] 

4. The projected [Project Costs][O&M Costs] (including with respect to required reserves and credit support obligations) and the projected
performance (including output, environmental and Permit compliance, and availability, individually or taken as a whole) of such Project have been properly incorporated into the Base Case Model. 

 
  

	1	 Bracketed language to be included for Operating Projects. 

	2	 Bracketed language to be included for Construction Projects. 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 5. [Adequate cash reserves have been established or adequate letter of credit capacity is
available under the Credit Agreement to meet any credit support or remediation obligations in respect of any battery storage system.]3 
 6.
Based on the information reviewed by the Consultant, the terms and conditions of the supplier warranties of the racking, modules, inverters, batteries are consistent with current market standards and are otherwise appropriate for the Project (taking
into consideration, among other things, the equipment models and the country of manufacture). 
 7. [The O&M Contractor(s) for the
Project [is][are] appropriate for the Project.]4 
 8. [The Interconnection Provider(s) and Interconnection Agreement(s) for the Project
[is][are] in general appropriate for the Project.] 5 The following comments are noted [•]. 
 9. The aggregate amount of Project Costs
in respect of the Project is $[____] and such amount is accurate for the purpose of the Debt Sizing Criteria. 
 [Signature page follows]

  

	3 	 Bracketed language to be included for any Project that includes any battery storage system.

	4 	 Bracketed language to be included for Projects with O&M Contract(s). 

	5 	 Bracketed language to be included for Projects with Interconnection Agreement(s). 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 IN WITNESS WHEREOF, the undersigned, a duly qualified representative of the Consultant has
caused this certificate to be duly executed as of the date first above written. 
  

			
	 Very truly yours,
  

ENERTIS SOLAR INC.

		
	By:	 	 
	Name:	 	
	Title:	 	

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 [Appendix A Report] 

[See attached] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 [Appendix B Proposal] 

[See attached] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT J-2 

FORM OF 
 INDEPENDENT
ENGINEER’S CHECKLIST 
 [See attached.] 

  
 Exhibit J-2 - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT J-2 

INDEPENDENT ENGINEER DUE DILIGENCE CHECKLIST 

[DATE] 
 Attn: MUFG Bank, Ltd., 

as Administrative Agent 
 1221 Avenue of the Americas, 6th Floor

 New York,NY 10020-1001 
 Attention: Lawrence Blat 

Phone: 212-405-6621 

E-mail: lawrence.blat@mufgsecurities.com, Agencydesk@us.sc.mufg.jp 

Ladies and Gentlemen: 
  

	 	Re:	 Technical due diligence checklist for the [•] Project 

Enertis Solar Inc. (hereinafter, “Enertis”, the “Independent Engineer”, or the “IE”) has been contracted to provide
its services as Independent Engineer to GSRP Warehouse I LLC, a Delaware limited liability company (the “Borrower”) in connection with that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated,
extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among the Borrower, each lender from time to time party thereto (collectively, the “Lenders” and individually, a
“Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing Bank”), MUFG Bank, Ltd., as administrative agent (in such capacity,
together with its successors and assigns, the “Administrative Agent”), and MUFG Union Bank N.A., as collateral agent (in such capacity, together with its successors and assigns, the “Collateral Agent”) and
depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party thereto. The following checklist provides a summary of the technical items for
[  ●  ]1 (the “Project”) reviewed by the IE. Capitalized terms used but not defined herein shall have the meaning given in the Credit Agreement. 

Project Costs 
 The aggregate amount of Project
Costs in respect of the Project is $[____] and such amount is accurate for the purpose of the Debt Sizing Criteria.  
 Site Adequacy

 The IE has performed a site adequacy assessment through a review of provided documentation. The IE found [  ●  ]. 

 
  

	1 	 List the applicable Non-Material Project. 

  
 1 of 5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Solar Resource and Energy Production Estimate 

Enertis has determined the overall DC and AC power of the Project based on the sum of the nominal DC and AC power of the photovoltaic modules and inverters
respectively, as shown in Table 1.1. 
  

					
	 Facility Design
Parameters
	 
	 Parameter
	  	The Project	 
	 Module Quantity
	  	 	[  	●  ] 
	 Peak Power (MWp)
	  	 	[  	●  ] 
	 Inverter Quantity
	  	 	[  	●  ] 
	 Nominal Power (MWAC)
	  	 	[  	●  ] 
	 Ratio (DC/AC)
	  	 	[  	●  ] 

 Table 1.1. Facility Design
Parameters. 
 Enertis has prepared a solar resource and energy production estimation study of the Project, and the results are shown below in Table 1.2.

  

					
	 Modeling
results
	 
	 Parameter
	  	The Project	 
	 Irradiance
Parameters
	 
	 Global Horizontal Irradiation (GHI)
[kWh/m2]
	  	 	[  	●  ] 
	 Gain
	  	 	[  	●  ]% 
	 Plane-of-Array
(POA) Irradiation (kWh/m2)
	  	 	[  	●  ] 
	 Incident irradiation on rear side (%)
	  	 	[  	●  ]% 
	 Incident irradiation on rear side (kWh / m2)
	  	 	[  	●  ] 
	 Year 0 Production (MWh/year) (no long- term degradation)
	  	 	[  	●  ] 
	 Year 1- Production (MWh/year)
	  	 	[  	●  ] 
	 Year 1- Specific yield (MWh/MWp)
	  	 	[  	●  ] 
	 Year 1- Performance Ratio (PR)
	  	 	[  	●  ]% 
	 Long-Term Annual degradation
	  	 	[  	●  ]% 
	 Total Nighttime Energy Self- Consumption
	  	 	[  	●  ] 

 Table 1.2. Summary of the
energy production estimate. 

  
 Page 2 of 5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Main Equipment Review 

Conclusions regarding the equipment used for the Project are summarized below in Table 1.3. 

 

					
	Equipment Review	 
	 Equipment
	  	Independent Engineer Executive Summary	 
	 Photovoltaic Modules
	  	 	[  	●  ] 
	 Inverters 
	  	 	[  	●  ] 
	 Racking – Single-Axis Trackers
	  	 	[  	●  ] 
	 Batteries
	  	 	[  	●  ] 

 Table 1.3. Equipment review executive summary. 

Based on the information reviewed by the IE, the terms and conditions of the supplier warranties of the racking, modules, inverters, batteries are consistent
with current market standards and are otherwise appropriate for the Project (taking into consideration, among other things, the equipment models and the country of manufacture). 

CAPEX 
 According to the financial model provided,
the total Project Cost including modules and sales tax will be $[  ●  ] or $[  ●  ]/WDC. Total direct costs of $[  ●  ] ($[  ●  ]/WDC) for a PV +
storage project of this characteristics, size and location can be considered normal in current market conditions. 
 O&M; Operating Budget;
O&M Costs; Certain Reserves 
 [The O&M Contractor(s) for the Project [is][are] appropriate for the Project.] 

The total technical operating expenses in the financial model are [  ●  ]. 

The projected O&M Costs (including with respect to required reserves and credit support obligations) and the projected performance (including output,
environmental and Permit compliance, and availability, individually or taken as a whole) of such Project have been properly incorporated into the Base Case Model. 

Overall, the IE finds the Operating Budget (a) reasonable and appropriate for the Project and (b) consistent with the Project Documents for the
Project and the Base Case Model. 
 [Interconnection 

The IE reviewed the Interconnection Agreement(s) for the Project and finds that the Interconnection Provider(s) and Interconnection Agreement(s) for the
Project [is][are] in general appropriate for the Project. The following comments are noted [  ●  ].] 2 
  

 

	2 	 Bracketed language to be included for Projects with Interconnection Agreement(s). 

  
 Page 3 of 5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 [EPC Contract; Construction Budget and Project Schedule 

The IE reviewed the EPC Contract and the most relevant items listed in the Project Schedule dated [  ●  ]. 

The IE finds that (i) there are in general sufficient buffers between the construction schedule and the requirements set forth in any Power Purchase
Agreement with respect to the Project and (ii) the liquidated damages provisions and the security or credit support provided under the EPC Contract are consistent with current market practice and otherwise generally appropriate. 

The projected Project Costs (including with respect to required reserves and credit support obligations) and the projected performance (including output,
environmental and Permit compliance, and availability, individually or taken as a whole) of such Project have been properly incorporated into the Base Case Model. 

Overall, the IE finds the Construction Budget and Project Schedule (a) reasonable and appropriate for the Project and (b) consistent with the
Project Documents for the Project and the Base Case Model.]3 
 Environmental 

The IE reviewed any existing environmental reports or memos delivered by the Borrower pursuant to Section 4.02(f) of the Credit Agreement. The IE reviewed
a permitting memo delivered by the Borrower in connection with the Project. The IE notes the following with respect to the foregoing matters: [●]. 

Additional Certifications 
 Furthermore, the
undersigned, a duly authorized representative of the IE hereby certifies on behalf of the IE, as of the date hereof, as follows: 
 1. Equity
Contributions required to be in compliance with the Maximum Project Funding Ratio and the Debt Sizing Criteria have been paid to the Borrower or any Subsidiary thereof (or to the applicable payee if made through the payment of Project Costs on
behalf of a Project), or otherwise credited to the Projects in the case of previously funded Equity Contributions, in an amount not less than the Allocated Minimum Equity Contribution. 

2. The inputs and revenue, technical, operating and construction assumptions for the Project are reasonable based on the Consultant’s
review of the Project and the Project Documents [and the merchant curve generated by the Market Consultant], and have been properly incorporated into the Base Case Model. 

[Signature page follows] 
  

 

	3	 For Construction Projects only. 

  
 Page 4 of 5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	Very truly yours,
	
	ENERTIS SOLAR INC.
	
	By:                                   
                                        
                     
	Name:	 	
	Title:	 	

  
 Page 5 of 5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT K 

FORM OF 
 LETTER OF
CREDIT NOTICE 
 MUFG Bank, Ltd., 
 as Administrative Agent

 1221 Avenue of the Americas, 6th Floor 
 New York, NY
10020-1001 
 Attn: Lawrence Blat 
 Phone: 212-405-6621 
 E-mail:
lawrence.blat@mufgsecurities.com, 
 Agencydesk@us.sc.mufg.jp 
  

	Re:	 GSRP Warehouse I LLC 

 

	 	Irrevocable	 Standby Letter of Credit No.
[                    ] (the "Letter of Credit") 

Ladies and Gentlemen: 
 This irrevocable Letter
of Credit Notice (this “Notice”) is delivered to you pursuant to that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the
“Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto (collectively, the “Lenders” and
individually, a “Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing Bank”), MUFG BANK, LTD., as administrative
agent (in such capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity, together with its successors and assigns, the “Collateral
Agent”) and depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party thereto. Capitalized terms used but not otherwise defined in
this Notice shall have the meanings assigned to such terms (whether directly or by reference to another agreement or document) in the Credit Agreement. 

1. We request that the Letter of Credit be [issued] [extended] [amended] as provided herein. The stated amount of the [requested] [current]
Letter of Credit is $_______________________, which stated amount, together with all outstanding L/C Obligations, does not exceed the Letter of Credit Sublimit. 

2. We request that the stated amount of the Letter of Credit be [increased][decreased] in the amount of __________, from $__________ to
$__________ as provided herein[, which increased stated amount, together with all outstanding L/C Obligations, does not exceed the Letter of Credit Sublimit]. 

  
 Exhibit K - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 3. We request the expiration date of the Letter of Credit be extended from __________ to
__________, and such requested expiration date does not extend beyond the Scheduled Maturity Date.1 

4. The proposed date of the requested [issuance] [extension] [decrease in the stated amount] [increase in the stated amount] of the Letter of
Credit is __________.2 
 5. The expiration date of the Letter of Credit is __________.

 6. The Issuing Bank is instructed to deliver the [Letter of Credit] [amended Letter of Credit]3 / [notice of [decrease] [increase] in the stated amount of the Letter of Credit4] to [Insert beneficiary of the Letter of Credit], at [Insert
address of beneficiary of the Letter of Credit]. 
 7. The Letter of Credit is requested for the account of Borrower [for itself][on behalf
of [insert applicable Subsidiary]]. 
 Borrower hereby certifies to Administrative Agent, the Issuing Banks and the Lenders that the
following statements are accurate, true and complete as of the date hereof, and will be accurate, true and complete on and as of the proposed date of the requested [issuance] [amendment] [decrease in the stated amount] [increase in the stated
amount] of the Letter of Credit: 
 A. The Letter of Credit to be issued or amended as requested hereby shall only be used in the manner and
for the purposes specified and permitted by the Credit Agreement. 
 B. Each of the applicable conditions to the issuance or amendment of the
Letter of Credit set forth in the Credit Agreement has been satisfied or waived in accordance with the terms thereof, including, with respect to any request to amend any Letter of Credit to increase (or reinstate) the stated amount thereof as a
result of a drawing on such Letter of Credit, that all Unreimbursed Amounts and L/C Loans related to such drawing have been repaid in full. 
  

 

	1 	 Paragraph 3 to be added in the case of a request for extension of the Letter of Credit 

	2 	 The proposed date of such issuance, extension, decrease or increase shall be no less than two (2) Business
Days after the date of this Letter of Credit Notice (unless a shorter period is agreed by the Administrative Agent and the Issuing Banks) and shall be a Business Day. 

	3 	 Insert in case of issuance, amendment or extension of the Letter of Credit. 

	4 	 Insert in case of change in the stated amount of the Letter of Credit. 

  
 Exhibit K - 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 C. [Attached hereto is the applicable Project Document (including all amendments,
supplements, schedules and exhibits thereto) and the undersigned hereby certifies that the applicable Project Document attached hereto is a true, correct and complete copy and is in full force and effect, and has not been amended or waived from the
form attached hereto.] 
 D. [Attached hereto is a written confirmation of [Insert beneficiary of the Letter of Credit] confirming the
[decrease] [increase] in the stated amount of the Letter of Credit.]5 
 [Signature Page Follows.] 

 
  

	5	 Insert in the case of a change in the stated amount of a Letter of Credit. 

  
 Exhibit K - 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	GSRP WAREHOUSE I LLC
	
	By:                                   
                                         
                    
		
	Name:	 	
		
	Title:	 	

  
 Exhibit K - 4 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT L 

FORM OF BASE CASE MODEL 

See excel file “Project Groot.Debt Warehouse.001.100vF
2-22-2021.xlsm” 

  
 Exhibit L - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT M 

FORM OF 
 CERTIFICATE OF
BORROWER (L/C CREDIT EXTENSION) 
 Date: ___________, _____ 

To: MUFG Bank LTD. 
 as Administrative Agent 

1221 Avenue of the Americas, 6th Floor 

New York, NY 10020-1001 
 Attn: Lawrence Blat 

Phone: 212-405-6621 

E-mail: lawrence.blat@mufgsecurities.com, 

Agencydesk@us.sc.mufg.jp 
  

	 	Re:	 GSRP Warehouse I LLC 

Ladies and Gentlemen: 
 This certificate (this
“Certificate”) is delivered pursuant to Section 4.04(d) of that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the
“Credit Agreement”), among GSRP WAREHOUSE I LLC, a Delaware limited liability company (the “Borrower”), each lender from time to time party thereto (collectively, the “Lenders” and individually, a
“Lender”), each issuing bank from time to time party thereto (in such capacities, collectively the “Issuing Banks” and each an “Issuing Bank”). MUFG BANK, LTD., as administrative agent (in such
capacity, together with its successors and assigns, the “Administrative Agent”), and MUFG UNION BANK N.A., as collateral agent (in such capacity, together with its successors and assigns, the “Collateral Agent”) and
depositary bank (in such capacity, together with its successors and assigns, the “Depositary Bank”), with the lead arrangers and bookrunners party thereto. All certifications made herein are made solely in such person’s
capacity as an officer of Borrower and not in such person’s individual capacity. 
 The undersigned hereby certifies as of the date
hereof that it is a Responsible Officer authorized to act on behalf of Borrower and hereby certifies on behalf of Borrower, as of the date hereof, as follows: 

1. [Pursuant to Section 4.04(d)(i) of the Credit Agreement, the Eligibility Representations and Warranties with respect to such Project are true
and correct in all material respects as of the date of such L/C Credit Extension, other than those representations and warranties which are modified by materiality by their own terms, which shall be true and correct in all respects as of the date of
such L/C Credit Extension (unless such representation or warranty relates solely to an earlier date, in which case it shall have been true and correct in all material respects as of such earlier
date).]1 
  

 

	1 	 Only applicable for a Project Letter of Credit. 

  
 Exhibit M - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 2. Pursuant to Section 4.04(d)(ii) of the Credit Agreement, no Provider Default has occurred and
is continuing. 
 3. Each of the other conditions precedent to the L/C Credit Extension Date set forth in Section 4.04 of the Credit Agreement have
been satisfied (or waived in accordance therewith) as of the date hereof. 
 [Signature Page Follows] 

  
 Exhibit M - 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 IN WITNESS WHEREOF, the Borrower has caused this Certificate to be duly executed and
delivered by a Responsible Officer of the Borrower as of the date first above written. 
  

			
	GSRP WAREHOUSE I LLC
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  
 Exhibit M - 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT N 

FORM OF OPERATING BUDGET 

[See attached.] 
  

  
 Exhibit N 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

																					
	 GSRP Warehouse I LLC 

Operating Report Model
	  	Q[1] []	 	  	Q[2] []	 	  	[] Budget
Q[3] []	 	  	Q[4] []	 	  	Q[1]-Q[4] 20[__]	 
	 Key Metrics
	  				  				  				  				  			
	 Technical
	  				  				  				  				  			
	 Production (MWh)
	  				  				  				  				  			
	 Investment Performance Index (IPI)
	  				  				  				  				  			
	 Operating Performance Index (OPI)
	  				  				  				  				  			
	 Availability (%)
	  				  				  				  				  			
	 Financial Summary ($ in thousands)
	  				  				  				  				  			
	 PPA revenue
	  				  				  				  				  			
	 Contracted SREC / REC revenue
	  				  				  				  				  			
	 Storage revenue (Contracted)
	  				  				  				  				  			
	 Storage revenue (Merchant)
	  				  				  				  				  			
	 Capacity revenue
	  				  				  				  				  			
	 Merchant revenue
	  				  				  				  				  			
	 Uncontracted SREC / REC revenue
	  				  				  				  				  			
	 Ancillary revenue
	  				  				  				  				  			
	 Net Metering Revenue
	  				  				  				  				  			
	 Rental Income
	  				  				  				  				  			
	 Other Revenue
	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Contracted Revenue
	  				  				  				  				  			
	 Merchant Revenue
	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Revenue
	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Contracted revenue (% of Total)
	  				  				  				  				  			
	 Storage revenue (% of Total)
	  				  				  				  				  			
	 Revenue (% of Budget)
	  				  				  				  				  			
	 (-) O&M
	  				  				  				  				  			
	 (-) Storage Expenses
	  				  				  				  				  			
	 (-) Asset management to 3rd Parties
	  				  				  				  				  			
	 (-) GSAM Asset Management Fee (net of 3rd party fees)
	  				  				  				  				  			
	 (-) Admin & other (incl. insurance, reserves)
	  				  				  				  				  			
	 (-) Property taxes
	  				  				  				  				  			
	 (-) Land lease
	  				  				  				  				  			
	 (-) Other
	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Expenses
	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 EBITDA
	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 EBITDA Margin (%)
	  				  				  				  				  			
	 (+) Interest Income at Lower Levels
	  				  				  				  				  			
	 (-) Project Level Interest Payments
	  				  				  				  				  			
	 (-) Project Level Debt Amortization
	  				  				  				  				  			
	 (+) COGS for prepaid SRECS (non cash)
	  				  				  				  				  			
	 (+/-)Change of working capital & reserves
	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Cash Flow from operations at portfolios
	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 (-) Distributions to Third Parties
	  				  				  				  				  			
	 (-) SLB Rent payments
	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 CFADS
	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 (-) Interest Expense and Fees
	  				  				  				  				  			
	 (-) Amortization
	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Cash Flow available to Equity
	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	Debt	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	Debt - BoP	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	(+) Issuance	  				  				  				  				  			
	(-) Amortization	  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	Debt - EoP	  				  				  				  				  			

  

					
	DRAFT - for discussion purposes only	  	1	  	

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Footnotes 

Investment Performance Index (IPI) is the ratio of actual billable energy and the budget (P50) energy for the applicable period. 

This metric does not accurately reflect the technical performance of the portfolio since it is not adjusted for actual weather conditions at each project. 

Operating Performance Index (OPI) is the ratio of actual billable energy and expected energy for the applicable period. 

Expected energy is the weather-adjusted budget energy calculated by adjusting the P50 energy model for actual weather conditions at each project. 

This metric is intended to measure the technical performance of the portfolio, inclusive of all availability and performance losses, but exclusive of the
impact of weather variances from P50 assumptions. 
 Availability is the energy-weighted availability for the portfolio, excluding outages caused by
circumstances outside of GSRP’s control such as, but not limited to, grid outages, curtailment, Force Majeure, and weather phenomena. 

  

					
	DRAFT - for discussion purposes only	  	2	  	

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT O 

FORM OF 
 PROJECT
CONSTRUCTION BUDGET 
  

									
	 Budget Item
	  	Extended Cost
($)	 	  	$/W	 
	 Procurement
	  				  			
	 Modules
	  				  			
	 Central /String Inverters
	  				  			
	 Racking
	  				  			
	 Other Equipment
	  				  			
	 Engineering
	  				  			
	 Civil Installation
	  				  			
	 Mechanical Installation
	  				  			
	 Electrical Installation
	  				  			
	 Ancillary
	  				  			

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT P 

FORM OF 
 PROJECT
SCHEDULE 
 [See attached] 
  

  
 Exhibit P - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

																													
	 Activity
	  	% Complete	 	  	Milestone
Status 	 	  	Start Date	 	  	Target/Actual
Completion	 	  	Contracted
End Date	 	  	End Date
Variance
(Days)	 	  	Schedule Variance Narrative	 
	 Site#1
	  				  				  				  				  				  				  			
	 Milestone Schedule NTP
	  				  				  				  				  				  				  			
	 GSRP DD Schedule
	  				  				  				  				  				  				  			
	 GSRP DD NTP
	  				  				  				  				  				  				  			
	 GSRP DD Period
	  				  				  				  				  				  				  			
	 Investment Committee Approval Meeting
	  				  				  				  				  				  				  			
	 Final Valuation Delivered & NTP Granted
	  				  				  				  				  				  				  			
	 Construction Milestones
	  				  				  				  				  				  				  			
	 Design Docs
	  				  				  				  				  				  				  			
	 Expected Construction Start
	  				  				  				  				  				  				  			
	 Material Delivery 
	  				  				  				  				  				  				  			
	 100% Modules Delivered*
	  				  				  				  				  				  				  			
	 100% Inverters Delivered*
	  				  				  				  				  				  				  			
	 100% Racking Delivered*
	  				  				  				  				  				  				  			
	 System Installation
	  				  				  				  				  				  				  			
	 Mechanical Completion*
	  				  				  				  				  				  				  			
	 Scheduled Substantial Completion*
	  				  				  				  				  				  				  			
	 Final Completion*
	  				  				  				  				  				  				  			

  

	*	 EPC Payment Milestone 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT Q-1 

FORM OF 
 PROJECT
CONSTRUCTION REPORT 
 [See attached] 
  

  
 Exhibit Q — 1 - 1

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Renewable Power Group 

 
 

 
 [Project] – Project Status Monthly Summary XX/XX/20XX 

Produced For:___________ 
 Milestones –
Deliveries – Production – Budget – Change Orders – Workplace Injuries Project Narrative – Project Photos 
 Key Project
Summary: 
  

			
	 Description:
	  	 
	MWpDC:	  	
	MWpAC:	  	
	System Type:	  	
	Module OEM:	  	
	Inverter OEM:	  	
	Racking OEM:	  	
	BESS OEM:	  	
	Off-Taker:	  	
	Prime EPC Contractor:	  	
	Owner’s Engineer:	  	
	Independent Engineer:	  	

  

							
	 Milestone Dates:
  
	  		  		  	
	 Activity:
	  	 Scheduled Milestone

Date:
	  	 Expected Milestone

Date
	  	 Status:

	EPC – Notice to Proceed	  		  		  	Not Started
	EPC—Mobilization	  		  		  	Not Started
	 Block 1 Mechanical Completion
	  		  		  	Not Started
	 Block 2 Mechanical Completion
	  	N/A	  		  	Not Started
	 Block 3 Mechanical Completion
	  	N/A	  		  	Not Started
	Full Plant Mechanical Completion	  		  		  	Not Started
	Plant Initial Energization & Sync	  		  		  	Not Started
	EPC—Plant Substantial Completion	  		  		  	Not Started
	CAISO—Plant Commercial	  	N/A	  		  	Not Started
	Operation	  		  		  	
	PPA—Plant Commercial Operation	  		  		  	Not Started
	EPC – Final Completion	  		  		  	

  
 Deliveries: Total receiving percentages
of major project components  
  

	 	1.	 Inverters – 0% 

	 	2.	 Modules – 0% 

	 	3.	 Piles – 0% 

	 	4.	 Racking (tracker components) –0% 

	 	5.	 DC/BOS – 0% 

  

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

	 	6.	 AC/BOS – 0% 

  

					
	 Equipment:
	  	 Expected Delivery Date:
	  	 Status:

	Inverters	  	 	  	Not Started
	Modules	  	 	  	Not Started
	Piles	  	 	  	Not Started
	Racking (tracker components)	  	 	  	Not Started
	DC/BOS	  	 	  	Not Started
	AC/BOS	  		  	Not Started

 Production: Percentage of
Complete  
 1. Initial site preparation (e.g., earthwork) – 0% 

	 	2.	 Inverter installation – 0% 

	 	3.	 Module installation –0% 

	 	4.	 Racking (tracker installation) – 0% 

	 	5.	 Pile installation – 0% 

	 	6.	 Substation infrastructure and commissioning – 0% 

	 	7.	 Close out activities (e.g., electrical testing) – 0% 

	 	8.	 Project completion on an overall percentage basis – 0% 

Budget:1  
  

					
	 Budget Item:
	  	 Budgeted Expenditures ($)
	  	 Expenditures to Date ($)

	 Procurement
	  		  	
	 Modules
	  		  	
	 Central /String Inverters
	  		  	
	 Racking
	  		  	
	 Other Equipment
	  		  	
	 Engineering
	  		  	
	 Civil Installation
	  		  	
	 Mechanical Installation
	  		  	
	 Electrical Installation
	  		  	
	 Ancillary
	  		  	

 Change Orders:2  

[To include list of change orders during reporting period] 

Workplace Injuries:3  

[To include description of any workplace injuries during reporting period] 
  

 
 1 Note to Draft: Projected Cost
should match amount set forth in Construction Budget delivered on Initial Project Funding Date. 
 2 Note to Draft: Projected Cost should match
amount set forth in Construction Budget delivered on Initial Project Funding Date. 
 3 Note to Draft: Projected Cost should match amount set
forth in Construction Budget delivered on Initial Project Funding Date. 

  
 GSRP Warehouse - Exhibit
Q-1 - Form of Construction Report [Final Form] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Project Narrative:4 

Project Progress Photos: 
  

 
 4 Note to Draft: Project Narrative
should include commentary explaining any material deviations from budgeted costs or schedule. 

  
 GSRP Warehouse - Exhibit
Q-1 - Form of Construction Report [Final Form] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT Q-2 

FORM OF 
 PROJECT
OPERATING REPORT 
 [See attached] 

  
 Exhibit Q-2- 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

			
	

	  	RENEWABLE POWER GROUP

 Quarterly Operations Report 

GSRP Portfolio X 
 Q4 2020

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

					
	

	  	 Quarterly Operations Report

GSRP Portfolio X
  

Q4 2020
	  	    

  
  

PORTFOLIO OVERVIEW 
 GSRP Portfolio X is a portfolio
comprised of X PV projects with an aggregate nameplate capacity of XXX MW DC. The geographical distribution of the portfolio is shown below. 
 Project 2
was added to the portfolio on 2/15/2021. 
  

													
	Nameplate Capacity	 
	 Project ID
	  	Project	 	  	MW	 	  	%	 
	 CA-01-001
	  	 	Project 1	 	  	 	65,877	 	  	 	54	% 
	 RI-03-001
	  	 	Project 2	 	  	 	55,000	 	  	 	46	% 

 GEOGRAPHICAL DISTRIBUTION 
  

 

  
 Page 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

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	  	 Quarterly Operations Report

GSRP Portfolio X
 Q4
2020
	  	    

 EXECUTIVE SUMMARY 

1. Financial performance highlights 

2. Technical performance highlights 

MAJOR OUTAGES AND REPAIRS 
 ENVIRONMENTAL, HEALTH AND
SAFETY (EH&S) ISSUES 
 CHANGES TO PORTFOLIO COMPOSITION 
  

	 	•	 	 Added/removed projects 

  
 Page 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

					
	

	  	 Quarterly Operations Report

GSRP Portfolio X
  

Q4 2020
	  	

 SUMMARY 
  

																					
	 Portfolio
	  	Nameplate Capacity (kWdc)	 	  	Portfolio AC Capacity (kWac)	 	  	Asset Count	 	  	Reporting Start Date
(COD)	 	  	O&M Provider	 
	 Project 1
	  	 	172,265	 	  	 	127,840	 	  	 	1	 	  	 	12/12/2019	 	  	 	First Solar	 

 TECHNICAL PERFORMANCE 
  

																																													
	 	  	 	 	  	 	 	  	 	 	  	Q4 2020	 	 	Year to Date	 
	 Project Code
	  	Project Name	 	  	DC (kWdc)	 	  	COD	 	  	Actual
Energy
(kWh) )	 	  	Modeled
Energy (kWh	 	  	IPI	 	 	OPI	 	 	Actual
Energy
(kWh)	 	  	Modeled
Energy
(kWh)	 	  	IPI	 	 	OPI	 
	 CA-19-0000
	  	 	Project 1	 	  	 	172,265	 	  	 	12/12/2019	 	  	 	9,136,095	 	  	 	8,256,056	 	  	 	111	% 	 	 	109	% 	 	 	9,136,095	 	  	 	8,256,056	 	  	 	111	% 	 	 	109	% 

 INVESTMENT PERFORMANCE INDEX (IPI) 
  

 
 OPERATING PERFORMANCE INDEX (OPI) 
  

 

  
 Page 4 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

					
	 

	  	 Quarterly Operations Report

GSRP Portfolio X
 Q4
2020
	  	    

 SUMMARY 
 FINANCIAL
PERFORMANCE 
  

																																																													
	GSRP Warehouse I LLC	  	Historical	 	  	2021 Budget	 	  	Variance	 
	Operating Report Model	  	Q1 2021
	 	  	Q2 2021	 	  	Q3 2021	 	  	Q4 2021	 	  	YTD	 	  	Q1 2021
	 	  	Q2 2021	 	  	Q3 2021	 	  	Q4 2021	 	  	YTD	 	  	Q1 2021
	 	  	Q2 2021	 	  	Q3 2021	 	  	Q4 2021	 	  	YTD	 
	 Key Metrics
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Technical
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Production (MWh)
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Investment Performance Index (IPI)
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Operating Performance Index (OPI]
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Availability (%)
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Financial Summary ($ in thousands]
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 PPA revenue
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Contracted SREC / REC revenue
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Storage revenue
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Capacity revenue
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Merchant revenue
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Uncontracted SREC / REC revenue
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Ancillary revenue
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Net Metering Revenue
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Rental Income
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Other Revenue
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Contracted Revenue
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Merchant Revenue
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Revenue
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Contracted revenue (% of Total)
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Storage revenue (% of Total)
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 Revenue (% of Budget)
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (-) O&M
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (-) Storage OSM
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (-) Asset management to 3rd Parties
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (-) GSAM Asset Management Fee (net of 3rd party fees)
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (-) Admin & other (incl. insurance, reserves)
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (-) Property taxes
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (-) Land lease
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (-) Other
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Expenses
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 EBITDA
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 EBITDA Margin (%)
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (+) Interest Income at Lower Levels
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (-) Project Level Interest Payments
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (-) Project Level Debt Amortization
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (+) COGS for prepaid SRECS (non cash)
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (+/-)Change of working capital & reserves
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Cash Flow from operations at portfolios
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 (-) Distributions to Third Parties
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (-)SLB Rent payments
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 CFADS
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 (-) Interest Expense and Fees
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 [-) Amortization
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Cash Flow available to Equity
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Debt
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Debt-BoP
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 (+) Issuance
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
	 (-) Amortization
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Debt - EoP
	  				  				  				  				  				  				  				  				  				  				  				  				  				  				  			

  
 Page 5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

					
	

	  	 Quarterly Operations Report

GSRP Portfolio X
  

Q4 2020
	  	

 LIST OF DEFINITIONS 
  

			
	Actual Energy	  	 The metered energy (kWh) produced by one or several solar PV sites that is considered Actual Energy “billable” (net or gross)
under the offtake agreement during the period of reference.
  

	Modeled Energy	  	 The energy (kWh) projected to be produced by one or several solar PV sites based on Modeled Energy design configuration, site characteristics
and typical weather as reflected in the financial model for the period of reference.
  

	 Investment Performance Index
 (IPI)
	  	 The ratio of Actual Energy and Modeled Energy. IPI measures the performance of the Investment Performance Index solar asset compared to the
modeled energy. It does not accurately reflect technical (IPI) performance since it is not adjusted for actual weather conditions.
  

	 Operating Performance Index
 (OPI)
	  	 The ratio of Actual Energy Production and Expected Energy Production. This metric is intended to reflect weather-adjusted performance of one
or several solar PV sites, inclusive of availability and performance losses.
  

	Availability	  	is the energy-weighted availability for the portfolio, excluding outages caused by Availability circumstances outside of GSRP’s control such as, but not limited to, grid outages, curtailment, Force Majeure, and weather
phenomena
		
	COD	  	COD Commercial Operation Date

  
 Page 6 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT R 

[RESERVED] 

  
 Exhibit R 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT S 

FORM OF 
 SPONSOR EQUITY
COMMITMENT 
 [See attached] 

  
 Exhibit S - 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT S 

FORM OF SPONSOR EQUITY COMMITMENT 

This SPONSOR EQUITY COMMITMENT AGREEMENT (this “Agreement”), dated
                 20    , is made by and among GOLDMAN SACHS RENEWABLE POWER LLC, a Delaware limited liability company (the
“Sponsor”), GSRP WAREHOUSE I LLC, a Delaware limited liability company (“Warehouse”) and MUFG UNION BANK, N.A., as Collateral Agent (together with its successors and assigns, the “Collateral
Agent”). The Sponsor, Warehouse and the Collateral Agent are sometimes referred to individually as a “Party” and collectively as the “Parties”. 

WHEREAS, pursuant to the Credit Agreement dated as of February 23, 2021 (as amended, amended and restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”), among Warehouse, MUFG Bank, Ltd., as Administrative Agent (the “Administrative Agent”), the Collateral Agent, MUFG Union Bank, N.A., as Depositary
Bank, and each issuing bank and lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”), the Lenders have severally agreed to extend credit to Warehouse
subject to the terms and conditions set forth in the Credit Agreement; 
 WHEREAS, Sponsor indirectly owns Warehouse and will derive
substantial benefit from the making of the extensions of credit under the Credit Agreement; 
 WHEREAS, Warehouse desires to borrow Loans
under the Credit Agreement in respect of the [DESCRIBE PROJECT] (the “Project”); and 
 WHEREAS, the
obligations of the Lenders and the Issuing Banks to make their respective extensions of credit to Warehouse under the Credit Agreement in connection with such Project are conditioned upon the execution and delivery of this Agreement relating to such
Project. 
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the Parties hereby agree as follows: 
 SECTION 1. Definitions; Rules of Construction.  

1.1 Unless otherwise defined herein, any capitalized term used herein (including terms used in the preamble and recitals hereto) shall have
the meaning given to it in the Credit Agreement. 
 1.2 The rules of construction and other interpretive provisions specified in Sections
1.02 and 1.03 of the Credit Agreement shall apply to this Agreement, including terms defined in the preamble and recitals hereto. 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SECTION 2. Equity Contributions.  

2.1 Equity Contributions; Cap. 

(a) Upon demand from time to time by Warehouse in a written notice delivered to the Sponsor (such notice, a “Contribution
Notice”), the Sponsor shall make contributions or cause to be contributed to Warehouse funds in the amount so requested therein within five (5) Business Days following receipt, which amount in the aggregate shall not exceed
$[                    ]1 (as reduced from time to time in accordance with the immediately
succeeding sentence, the “Cap”). The Cap shall be automatically reduced by an amount equal to (i) all contributions made (or caused to be made) by the Sponsor hereunder and any Equity Contributions otherwise made to
Warehouse or any Subsidiary, in respect of the Project, by the Sponsor or its Affiliates (other than Warehouse and its Subsidiaries) after the date hereof and (ii) if Tax Equity Documents in respect of the Project which either (A) meet all
applicable requirements in the Minimum Criteria or (B) are otherwise reasonably acceptable to the Required Lenders, have not been entered as of the date hereof, the aggregate amount committed to be contributed or paid by any Tax Equity Investor
in respect of the Project pursuant to any such Tax Equity Documents constituting Permitted Tax Equity Arrangements upon the delivery of true, correct and complete copies of such Tax Equity Documents to the Administrative Agent. 

(b) Without limiting the Sponsor’s obligations under Section 2.1(a), (i) in the event that the Project fails to reach
Commercial Operation or Completion on or prior to the Project Date Certain for such Project and, as a result of such failure, becomes a Cancelled Project, (ii) in the event that Loans have been advanced with respect to such Project against a
Permitted Tax Equity Arrangement that was not effective as of the Initial Project Funding Date, and no Permitted Tax Equity Arrangement is executed in respect of such Project prior to the date it reaches Commercial Operation or Completion, or
(iii) upon the occurrence of an Event of Default that has resulted in acceleration of the Loans by the Required Lenders pursuant to Section 8.02 of the Credit Agreement, in each case, then the Sponsor shall contribute or cause to be
contributed to Warehouse funds in an amount equal to the lesser of (x) the Cap and (y)(A) in the case of clause (i) of this Section 2.1(b), the aggregate amount required to be prepaid pursuant to Section 2.04(b)(v) of the
Credit Agreement, within fifteen (15) Business Days of such event, (B) in the case of clause (ii) of this Section 2.1(b), the aggregate amount required to be prepaid pursuant to Section 2.04(b)(viii) of the Credit
Agreement, within fifteen (15) Business Days of such event, and (C) in the case of clause (iii) of this Section 2.1(b), the aggregate principal amount of Loans (together with accrued and unpaid interest thereon) necessary
to comply with the Maximum Loan Amount as of the date of such prepayment, calculated and determined without giving effect to such Project (or any partial amount of the Loans the prepayment of which shall cure such Event of Default pursuant to
Section 8.04(b) of the Credit Agreement), within ten (10) Business Days of such event. 
  

 

	1 	 In the event Loans have been or will be advanced with respect to the Project against a Permitted Tax Equity
Arrangement that is not yet effective, insert amount equal to the amount of such anticipated Permitted Tax Equity Arrangement; such amount shall not cause the Project Funding Ratio for such Project to exceed the Maximum Project Funding Ratio.

  
 -2- 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (c) Notwithstanding anything herein to the contrary, the Sponsor’s aggregate liability
hereunder shall not exceed the Cap. 
 2.2 Contribution Mechanics. The Sponsor shall make each contribution by depositing an amount
equal to such contribution (a) in the case of any contribution made pursuant to Section 2.1(a), as specified in the applicable Contribution Notice into the Revenue Account or any Local Account on the date specified in such
Contribution Notice, or (b) in the case of any contribution made pursuant to Section 2.1(b), into the Revenue Account when required hereunder. 

2.3 Collateral Agent. If at any time a contribution may be made hereunder and Warehouse has not delivered a Contribution Notice in
respect thereof to the Sponsor, the Collateral Agent (acting on the instructions of the Administrative Agent) shall be entitled to deliver such Contribution Notice to the Sponsor. 

2.4 Acknowledgments. The Sponsor acknowledges that it will receive substantial direct and indirect benefits from the extensions of
credit provided pursuant to the Credit Agreement.     
 SECTION 3. Waivers; Unconditionality; Subrogation; Bankruptcy;
Setoff.  
 3.1 Waiver of Defenses. The Sponsor hereby unconditionally and irrevocably waives and relinquishes, to the
maximum extent permitted under applicable Law, all rights or remedies accorded by applicable Law to sureties or guarantors and agrees not to assert or take advantage of any such right or remedies, including: 

(a) any right to require any Secured Party to proceed against Warehouse, Holdings or any other Person or to proceed against or exhaust any
security held by any Secured Party at any time or to pursue any other remedy in any Secured Party’s power before proceeding against the Sponsor to enforce the provisions of this Agreement; 

(b) any defense that may arise by reason of the incapacity, lack of power or authority, death, dissolution, merger, termination or disability
of Warehouse, Holdings or any other Person or the failure of any Secured Party to file or enforce a claim against the estate (in administration, bankruptcy or any other proceeding) of Warehouse, Holdings or any other Person; 

(c) demand, presentment, protest and notice of any kind (other than any notices expressly required to be delivered to the Sponsor hereunder),
creation or incurring of any new or additional indebtedness or obligation or of any action or non-action on the part of Warehouse, Holdings or any Secured Party, any endorser or creditor of the foregoing or on
the part of any other Person under any Financing Document; 
 (d) any defense based upon an election of remedies by the Secured Parties,
including an election to proceed by non-judicial rather than judicial foreclosure, which destroys or otherwise impairs the subrogation rights of the Sponsor, the right of the Sponsor to proceed against
Warehouse, Holdings or another Person for reimbursement, or both; 

  
 -3- 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (e) any defense based on any offset against any amounts which may be owed by any Person to
the Sponsor or Warehouse or Holdings or for any reason whatsoever; 
 (f) any defense based upon 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 that of the principal; 
 (g)
any defense based on any act, failure to act, delay or omission whatsoever on the part of Warehouse or Holdings or the failure by Warehouse or Holdings to do any act or thing or to observe or perform any covenant, condition or agreement to be
observed or performed by it under Financing Documents; 
 (h) any defense, setoff or counterclaim which may at any time be available to or
asserted by Warehouse or Holdings against any Secured Party or any other Person under the Financing Documents or any defense based on any offset against any amounts that may be owed by Warehouse, Holdings or a Secured Party to the Sponsor for any
reason whatsoever; 
 (i) any duty on the part of any Secured Party to disclose to the Sponsor any facts such Secured Party may now or
hereafter know about Warehouse, regardless of whether such Secured Party has reason to believe that any such facts materially increase the risk beyond that which the Sponsor intends to assume, or have reason to believe that such facts are unknown to
the Sponsor, or have a reasonable opportunity to communicate such facts to the Sponsor (the Sponsor acknowledging that it is fully responsible for being and keeping informed of the financial condition of Warehouse); 

(j) any defense based on any change in the time, manner or place of any payment under, or in any other term of, the Financing Documents or any
other amendment, renewal, extension, acceleration, compromise or waiver of or any consent or departure from the terms of the Financing Documents; 

(k) any defense based upon any borrowing or grant of a security interest under Section 364 of the Bankruptcy Code; and 

(l) any other circumstance (including any statute of limitations) or any existence of or reliance on any representation by any Secured Party
that might otherwise constitute a defense available to, or discharge of, any guarantor or surety; 
 in each case, other than, subject to
Section 5.1, the defense of payment of the applicable amounts and the defense that the Sponsor is not obligated to perform or has fully performed the matter in question. 

3.2 No Conditions Precedent. There are no conditions precedent to the Sponsor’s obligations to make the contributions as, when or
in the amounts contemplated under this Agreement. 

  
 -4- 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 3.3 Absolute and Unconditional Obligations. All rights of the Collateral Agent and all
obligations of the Sponsor hereunder shall be absolute and unconditional irrespective of: 
 (a) any lack of validity, legality or
enforceability of any Financing Document; 
 (b) the failure of any Secured Party to (i) assert any claim or demand or to enforce any
right or remedy against Warehouse, Holdings, the Sponsor or any other Person under the provisions of the Financing Documents or otherwise or (ii) exercise any right or remedy against the Collateral; 

(c) any change in the time, manner or place of payment of, or in any other term of, all or any portion of the Obligations, or any other
extension or renewal of any obligation of Warehouse, Holdings, the Sponsor or otherwise; 
 (d) any reduction, limitation, impairment or
termination of any of the Obligations for any reason other than the occurrence of the Discharge Date (as such term is defined in the Pledge and Security Agreement), including any claim of waiver, release, surrender, alteration or compromise; 

(e) any amendment to, rescission, waiver or other modification of, or any consent to departure from, any term of any Financing Document,
unless entered into and approved in accordance therewith; 
 (f) any addition, exchange, release, surrender or non-perfection of any collateral, or any amendment to or waiver or release or addition of, or consent to departure from, any other security interest held by any Secured Party; or 

(g) any other circumstance which might otherwise constitute a defense available to, or a legal or equitable discharge of, Warehouse, Holdings,
the Sponsor, any surety or any guarantor (other than the defense of payment of the applicable amounts). 
 in each case, other than, subject
to Section 5.1, the defense of payment of the applicable amounts and the defense that the Sponsor is not obligated to perform or has fully performed the matter in question. 

3.4 Payments. Subject to the terms hereof and the terms of the Financing Documents, the Sponsor hereby agrees that payments hereunder
will be paid to Warehouse, without set-off or counterclaim, by wire transfer of immediately available funds to an account designated by a Contribution Notice or as otherwise provided hereunder. 

3.5 Subrogation. Notwithstanding any payment made directly or indirectly by the Sponsor under Section 2.1 hereof, the
Sponsor shall not be entitled or subrogated to any of the rights of the Collateral Agent or any other Secured Party against Warehouse, Holdings, any Project Company or any Collateral until the Obligations have been paid in full in cash (other than
contingent or indemnification obligations for which no claim has been made). If, notwithstanding the foregoing sentence, any amount shall be paid to the Sponsor on account of such subrogation 

  
 -5- 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 rights at any time when any of the Obligations shall not have been paid in full (other than contingent or
indemnification obligations for which no claim has been made), such amount shall be held by the Sponsor, in trust for the Collateral Agent and the other Secured Parties, segregated from all other funds of the Sponsor, and be turned over to the
Collateral Agent in the exact form received (duly endorsed by the Sponsor, if required), to be applied against the Obligations, whether matured or unmatured, in accordance with the Financing Documents. 

SECTION 4. Bankruptcy; Setoff.  

4.1 Bankruptcy Code Waiver by Sponsor. The Sponsor hereby irrevocably waives, to the extent it may do so under applicable Law, any
protection to which it may be entitled under Sections 365(c)(1), 365(c)(2) and 365(e)(2) of the Bankruptcy Code or equivalent provisions of the laws or regulations of any other jurisdiction with respect to any proceedings, or any successor provision
of law of similar import, in the event of any proceeding under any Debtor Relief Law with respect to Warehouse or Holdings. Specifically, in the event that the trustee (or similar official) in any proceeding under any Debtor Relief Law with respect
to Warehouse or Holdings or the debtor-in-possession takes any action (including the institution of any action, suit or other proceeding for the purpose of enforcing the
rights of Warehouse or Holdings under this Agreement), the Sponsor shall not assert any defense, claim or counterclaim denying liability hereunder on the basis that this Agreement is an executory contract or a “financial accommodation”
that cannot be assumed, assigned or enforced or on any other theory directly or indirectly based on Section 365(c)(1), 365(c)(2) or 365(e)(2) of the Bankruptcy Code, or equivalent provisions of the laws or regulations of any other jurisdiction
with respect to any proceedings or any successor provision of law of similar import. If any proceeding under any Debtor Relief Law with respect to Warehouse or Holdings shall occur, the Sponsor agrees, after the occurrence of such proceeding under
any Debtor Relief Law, to reconfirm in writing, to the extent permitted by applicable Law, its pre-petition waiver of any protection to which it may be entitled under Sections 365(c)(1), 365(c)(2) and
365(e)(2) of the Bankruptcy Code or equivalent provisions of the laws or regulations of any other jurisdiction with respect to proceedings and, to give effect to such waiver, the Sponsor consents, to the extent permitted by applicable Law, to the
assumption and enforcement of each provision of this Agreement by the debtor-in-possession or Warehouse’s or Holdings’ trustee in bankruptcy, as the case may
be.  
 4.2 Insolvency Proceedings. None of the obligations of the Sponsor under this Agreement shall be altered, limited or
affected by any proceeding under any Debtor Relief Law relating to Warehouse or Holdings, or by any defense which Warehouse or Holdings may have by reason of any order, decree or decision of any court or administrative body resulting from any such
proceeding.  
 4.3 Set-Off. In addition to any rights now or hereafter granted under
applicable Law or otherwise, and not by way of limitation of any such rights, upon the failure of the Sponsor to make any contribution as and when required hereunder, the Collateral Agent (acting on the instructions of the Administrative Agent) is
hereby authorized at any time or from time to time, without presentment, demand, protest or other notice of any kind to the Sponsor or to any other Person, any such notice being hereby expressly waived, to
set-off and to appropriate and apply any and all deposits (general or special) and any other indebtedness at any time held or owing by any Secured Party (including by branches and agencies of such Secured
Party wherever located) to or for the credit or the account of the Sponsor, against and on account of the obligations of the Sponsor, under this Agreement, irrespective of whether or not the Collateral Agent shall have made any demand hereunder.

  
 -6- 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SECTION 5. Reinstatement. 

5.1 Reinstatement. This Agreement and the obligations of the Sponsor hereunder shall automatically be reinstated if and to the extent
that for any reason any payment made pursuant to this Agreement is rescinded or otherwise restored to the Sponsor, whether as a result of any proceedings in bankruptcy or reorganization or otherwise with respect to Sponsor, Holdings, Warehouse or
any other Person or as a result of any settlement or compromise with any Person (including the Sponsor) in respect of such payment; provided, however, that any such reinstated obligations shall be subject to the conditions to the making of an
Equity Contribution that are set forth in Section 2.1. 
 SECTION 6. Representations and Warranties. 

The Sponsor hereby represents and warrants as follows: 

6.1 Organization, Authority, Validity and Non-Contravention.  

(a) The Sponsor is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Delaware
and has all requisite limited liability company power and authority to carry on its business as such business is now conducted.  

(b) The Sponsor has all requisite limited liability company power and authority to execute and deliver this Agreement and to perform its
obligations hereunder. The execution, delivery and performance by the Sponsor of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by all necessary limited liability company action on the part of
the Sponsor.  
 (c) This Agreement has been duly executed and delivered by the Sponsor and constitutes the legal, valid and binding
obligation of the Sponsor, enforceable against the Sponsor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, moratorium, reorganization or other similar laws affecting the enforcement of
creditors’ rights and subject to general equitable principles.  
 (d) None of the execution and delivery by the Sponsor of this
Agreement, the performance of the obligations of the Sponsor hereunder, nor the consummation of the transactions contemplated hereby will (i) conflict with or result in any violation or breach of or default under (or constitute an event that,
with notice or lapse of time or both, would constitute a default under) any provision of the organizational documents of the Sponsor, (ii) result in any violation or breach of or default under (or constitute an event that, with notice or lapse
of time or both, would constitute a default under) or give rise to a right of termination, cancellation, modification or acceleration of any obligation under, to any put or call or similar rights under, or to loss of a benefit under, any material
contract to which the Sponsor is a party or by which any of its assets are bound, or (iii) conflict with or result in the violation of any applicable Law to which the Sponsor is subject.  

  
 -7- 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 6.2 No Adverse Order or Injunctions. The Sponsor is not a party to, subject to or
bound by any contract with, or any order of a Governmental Authority, that would prevent or materially and adversely affect the execution, delivery or performance of this Agreement by the Sponsor. There is no action, suit or proceeding by or before
any arbitrator or Governmental Authority pending or threatened in which the Sponsor has appeared or has been named or served as a party (either as a plaintiff or defendant) that would materially and adversely affect the execution, delivery or
performance of this Agreement by the Sponsor.  
 6.3 Solvency. No petition or notice has been presented, no order has been
made and no resolution has been passed for the bankruptcy, liquidation, winding-up or dissolution of the Sponsor. No receiver, trustee, custodian or similar fiduciary has been appointed over the whole or any
part of the Sponsor’s assets or the income of the Sponsor. The Sponsor has no plan or intention of, or has received any notice that any other Person has any plan or intention of, filing, making or obtaining any such petition, notice, order or
resolution or of seeking the appointment of a receiver, trustee, custodian or similar fiduciary.  
 6.4 Third Party Consents.
There are no notices, authorizations or consents that are required in connection with the execution or delivery by the Sponsor of this Agreement, the performance of the obligations of the Sponsor hereunder or the consummation of the transactions
contemplated hereby by the Sponsor.  
 6.5 Sanctions, etc. 

(a) The Sponsor (i) is not a Blocked Person, (ii) has not been notified that its name appears or may in the future appear on a State
Sanctions List and (iii) is not a target of Economic Sanctions Laws. 
 (b) Within the past five years, the Sponsor (including its
officers, directors, employees and, to the knowledge of the foregoing, agents acting on its behalf) has not violated in any material respect, been found in violation of or been charged or convicted under any applicable Economic Sanctions Laws,
Anti-Money Laundering Laws or Anti-Corruption Laws. 
 (c) The Sponsor has established procedures and controls which it reasonably believes
are adequate (and otherwise comply with applicable Laws) to ensure that each of its Controlled Entities is and will continue to be in compliance with all applicable Economic Sanctions Laws, Anti-Money Laundering Laws and Anti-Corruption Laws 

6.6 Investment Company Act. The Sponsor is not and is not required to be registered as an “investment company” under the
Investment Company Act of 1940. 

  
 -8- 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SECTION 7. [RESERVED].  

SECTION 8. Miscellaneous.  

8.1 Notices. Any notice required or given hereunder shall be deemed properly given when provided in writing (a) three (3) Business
Days after being mailed first class, overnight, or certified mail, return receipt requested, postage prepaid, or (b) upon receipt by the Party to whom addressed in writing by personal delivery, commercial courier service, email or other means
that provide a permanent record of the delivery of such notice. All notices or other communications hereunder to a Party shall be given to such Party at the following address: 

If to Sponsor: 
 Goldman
Sachs Renewable Power Company LLC 
 c/o The Renewable Power Group of Goldman Sachs Asset Management, L.P. 

200 West St. 3rd Fl. 
 New York,
NY 10282 
 Attention: Patrick McAlpine 

Email: Patrick.McAlpine@gs.com 

With a copy of any legal notices to: 

Goldman Sachs Asset Management, L.P. 

200 West St. 15th Fl. 
 New York,
NY 10282 
 Attn: General Counsel 

If to Warehouse: 
 GSRP
Warehouse I LLC 
 c/o The Renewable Power Group of Goldman Sachs Asset Management, L.P. 

200 West St. 3rd Fl. 
 New York,
NY 10282 
 Attention: Patrick McAlpine 

Email: Patrick.McAlpine@gs.com 

With a copy of any legal notices to: 

Goldman Sachs Asset Management, L.P. 

200 West St. 15th Fl. 
 New York,
NY 10282 
 Attn: General Counsel 

If to Collateral Agent: 

MUFG Union Bank, N.A., as Collateral Agent 

350 California Street, 17th Floor 

San Francisco, CA 94104 

Attention: Corporate Trust Department 

Facsimile: (415) 273-2492 

Email: SFCT@unionbank.com 

  
 -9- 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 8.2 Waiver. No failure on the part of any Person to exercise any power, right,
privilege or remedy under this Agreement, and no delay on the part of any Person in exercising any power, right, privilege or remedy under this Agreement, shall operate as a waiver of such power, right, privilege or remedy; and no single or partial
exercise of any such power, right, privilege or remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. No Person shall be deemed to have waived any claim arising out of this Agreement, or any
power, right, privilege or remedy under this Agreement, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly executed and delivered on behalf of such Person; and any such waiver shall
not be applicable or have any effect except in the specific instance in which it is given. 
 8.3 Assignments. This Agreement and the
rights, interests or obligations hereunder may not be assigned by any of the parties hereto without the prior written consent of the other parties hereto. This Agreement shall remain in full force and effect and be binding in accordance with and to
the extent of its terms upon the Sponsor and the successors and permitted assigns thereof, and shall inure to the benefit of Warehouse and the Collateral Agent (on behalf of the Secured Parties) and their respective successors, indorsers,
transferees and permitted assigns. 
 8.4 Entire Agreement. This Agreement represents the entire understanding and agreement between
the Parties with respect to the subject matter hereof and supersedes all prior oral and written and all contemporaneous oral negotiations, commitments and understandings between the Parties. This Agreement may only be waived, modified or amended by
a written instrument executed by the Sponsor, Warehouse and the Collateral Agent, and any such waiver, amendment or modification so effected shall be enforceable in all respects on the Parties. The Sponsor shall not assign or otherwise transfer all
or any part of this Agreement, nor shall the Sponsor delegate any of its obligations hereunder, without the prior written consent of the Warehouse and the Collateral Agent (acting on the instructions of the Administrative Agent), and any transfer or
delegation made without such consent shall be null and void. This Agreement may be transferred solely by the Warehouse in connection with a permitted assignment under a Financing Document. Subject to the foregoing, this Agreement shall be binding
upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns. 
 8.5 Severability.
Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable Law. Any provision of this Agreement which is invalid, illegal or unenforceable shall be ineffective to the extent
of such invalidity, illegality or unenforceability, without affecting in any way the remaining provisions hereof or rendering that or any other provision of this Agreement invalid, illegal or unenforceable. Upon such determination that any term or
other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that
the transactions contemplated by this Agreement are fulfilled to the fullest extent possible. 

  
 -10- 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 8.6 Governing Law; Jurisdiction. This Agreement and any claim arising out of or
in connection with this Agreement shall be governed by, construed and enforced in accordance with the laws of the State of New York without giving effect to the choice of law principles thereof (other than section
5-1401 of the New York General Obligations Law). Each Party consents to personal jurisdiction in any action brought in any court, federal or state, within New York County, New York having subject matter
jurisdiction arising under this Agreement, and each of the Parties hereto agrees that any action instituted by either of them against the other with respect to this Agreement will be instituted exclusively in a court, federal or state, within the
New York County, New York. Each of the Parties hereto irrevocably waives the defense of an inconvenient forum to the maintenance of any such action.  

8.7 Waiver Of Jury Trial. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO
INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT A PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION RESULTING FROM, ARISING OUT OF OR RELATING TO THIS AGREEMENT.
EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (a) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER,
(b) EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (c) EACH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (d) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION 8.7.  
 8.8 Section Headings. The Section headings are for the convenience of the
Parties and in no way alter, modify, amend, limit or restrict the contractual obligations of the Parties.  
 8.9 Counterparts;
Electronic Signature. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which shall be one and the same document. This Agreement may be executed by electronic transmission
(including by .pdf) and such execution shall have the same force and effect as manually executed counterparts. 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 shall be deemed to include electronic signatures, which shall be of the same legal effect, validity or enforceability as a manually executed
signature, to the extent and as provided for in any applicable laws, 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.  
 8.10 Non-Recourse. Notwithstanding
anything that may be expressed or implied in this Agreement or any document or instrument delivered in connection herewith, by its acceptance of the benefits of this Agreement, each of Warehouse and the Collateral Agent, on behalf of the Secured
Parties, covenants, agrees and acknowledges that no Person other than Sponsor has any liabilities, obligations, commitments (whether known or unknown or whether contingent or 

  
 -11- 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 otherwise) hereunder and that Warehouse has no right of recovery under this Agreement, or any claim based on
such liabilities, obligations and commitments against, and no personal liability shall attach to, the former, current or future equity holders, controlling persons, directors, officers, employees, agents, Affiliates (excluding Warehouse and any of
its Subsidiaries), members, managers or general or limited partners of Sponsor (each a “Non-Recourse Party”), whether by or through attempted piercing of the corporate veil, by the
enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute, regulation or Law, or otherwise. Recourse under and pursuant to the terms of this Agreement shall be the sole and exclusive remedy of Warehouse and the
Collateral Agent against the Sponsor and the Non-Recourse Parties in respect of any liabilities or obligations arising hereunder.  

8.11 Collateral Agent. Notwithstanding anything to the contrary contained herein, in acting hereunder, the Collateral Agent shall be
afforded all of the rights, protections, immunities and indemnities afforded to the Collateral Agent pursuant to the terms of the Credit Agreement, as if such rights, protections immunities and indemnities were set forth herein, mutatis
mutandis.  
 8.12 Termination. This Agreement shall automatically terminate in full and be of no further force or effect
upon the earliest to occur of: (i) the date on which the Cap has been reduced to $0, (ii) the date on which Warehouse delivers to the Administrative Agent true, correct and complete copies of the Tax Equity Documents in respect of the Project
which either (A) meet all applicable requirements in the Minimum Criteria or (B) are otherwise reasonably acceptable to the Required Lenders and (iii) the date on which all Loans borrowed in respect of the Project have been repaid or
prepaid. 
 [SIGNATURES BEGIN NEXT PAGE] 

  
 -12- 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 IN WITNESS WHEREOF, each of the undersigned has caused this Agreement to be duly executed and
delivered as of the day and year first above written. 
  

			
	SPONSOR:
	
	GOLDMAN SACHS RENEWABLE POWER LLC
	
	By: Goldman Sachs Asset Management, L.P., as investment manager
		
	By:	 	 
	Name:	 	
	Title:	 	

  

			
	WAREHOUSE:
	
	GSRP WAREHOUSE I LLC
		
	By:	 	 
	Name:	 	
	 Title:
	 	

  

			
	COLLATERAL AGENT:
	
	MUFG UNION BANK, N.A.
		
	By:	 	 
	Name:	 	
	Title:	 	

 GSRP WAREHOUSE 

PROJECT [_____] SPONSOR EQUITY COMMITMENT 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT T 

FORM OF CONTRIBUTION AGREEMENT 

This CONTRIBUTION AGREEMENT (this “Agreement”) is made effective as of
[        ] (the “Effective Date”), by and between [NAME OF CONTRIBUTING ENTITY] a [STATE OF ENTITY FORMATION] [ENTITY FORM] (the “Transferor”) and
GSRP Warehouse I LLC, a Delaware limited liability company (“Warehouse” and together with the Transferor, each, a “Party” and together, the “Parties”). 

RECITALS 
 WHEREAS, as of
immediately prior to the effectiveness of the transactions contemplated by this Agreement, the Transferor owns and holds all of the [TYPE OF OWNERSHIP INTERESTS] in [NAME OF DIRECT SUBSIDIARY], a [STATE OF ENTITY FORMATION]
[ENTITY FORM](such interests, the “Subsidiary Interests”); 
 WHEREAS, [NAME OF DIRECT SUBSIDIARY] owns and
holds all of the [TYPE OF OWNERSHIP INTERESTS] in [NAME OF PROJECT COMPANY], a [STATE OF ENTITY FORMATION] [ENTITY FORM] (the “Project Company”), which directly owns the [NAME OF PROJECT] Project;
and1 
 WHEREAS, the Parties desire to undertake certain contribution transactions more
particularly described herein. 
 NOW, THEREFORE, for and in consideration of the foregoing premises, and the mutual undertakings set forth
below, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows: 

AGREEMENT 
  

	 	1.	 DEFINITIONS. As used herein, the following terms shall have the following meanings:

  

	 	a.	 “Subsidiary [LLCA]” means the [Limited Liability Agreement] of NAME OF PROJECT
COMPANY], dated as of [        ]2. 

  

	 	2.	 CONTRIBUTION TRANSACTIONS. 

 

	1 	 Include ownership structure from the Transferor to the Project Company. 

	2 	 Terms to be conformed based on entity type (limited liability company, partnership, etc.)

  
 Exhibit T-1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

	 	a.	 Contribution to Warehouse. 

 

	 	i.	 As of the Effective Date, the Transferor hereby contributes, assigns, transfers and conveys all of its right,
title and interest in and to the Subsidiary Interest to Warehouse, and Warehouse hereby (1) accepts such contribution and (2) assumes such right, title and interest in and to the Subsidiary Interest. 

 

	 	ii.	 Effective immediately after the contribution described in Section 2.a.i, the Transferor
acknowledges and agrees that Warehouse has been [admitted as a member] of the Project Company in accordance with Section [___] of the Subsidiary LLCA and (2) Warehouse hereby agrees to be bound by all of the terms of the Subsidiary [LLCA].

  

	 	3.	 REPRESENTATIONS AND WARRANTIES. Each Party to this Agreement represents and warrants to each
other Party hereto that (a) it is duly organized and validly existing, has full power and authority to enter into this Agreement and to perform its obligations hereunder and consummate the transactions contemplated hereby in accordance with the
provisions hereof and (b) this Agreement has been duly authorized, executed and delivered by such Party and that, subject to due authorization, execution and delivery by every other Party, this Agreement constitutes a legal, valid and binding
obligation of such Party, enforceable against such Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights
generally and by generel principles of equity. 

  

	 	4.	 MISCELLANEOUS 

 

	 	a.	 Further Assurances. Upon the request of any Party hereto, each other Party shall, at any time and from time to
time, without further consideration, execute, deliver and perform or cause the execution, delivery and performance of, as applicable, any and all documents, agreements, certificates, and instruments, and take or cause to be taken, as applicable,
such other actions as any other Party may reasonably require to carry out the intent of this Agreement and to effect the transactions contemplated hereby. 

  

	 	b.	 Assignment; Successors and Assigns. No Party hereto may assign either this Agreement or any of its rights,
interests or obligations hereunder without the prior written approval of each other Party hereto. This Agreement shall be binding upon and shall inure to the benefit of the successors and permitted assigns of each of the Parties.

  
 Exhibit T - 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

	 	c.	 Counterparts; Electronic Signature. This Agreement may be executed in counterparts, each of which shall be
deemed an original but all of which together shall constitute the same instrument. This Agreement may be executed by electronic transmission (including by .pdf) and such execution shall have the same force and effect as manually executed
counterparts. 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 shall be deemed to include electronic signatures, which shall be of the same legal effect, validity or enforceability as a manually executed signature, to the extent and as provided for in any applicable laws, 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. 

 

	 	d.	 Amendment. This Agreement may not be altered, modified, changed or amended, in whole or in part with respect to
any Party, except by a written instrument signed by each such affected Party. 

  

	 	e.	 Governing Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of
the State of Delaware without giving effect to conflict of law principles. Any legal suit, action or proceeding arising out of or based upon this Agreement or the transactions contemplated hereby may be instituted in the courts of the State of
Delaware and of any federal court located therein. Service of process, summons, notice or other document by mail to such Party’s principal office shall be effective service of process for any suit, action or other proceeding brought in any such
court. The Parties hereto irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or any proceeding in such courts and irrevocably waive and agree not to plead or claim in any such court that any such suit,
action or proceeding has been brought in an inconvenient forum. 

  

	 	f.	 WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW
ANY RIGHT IT MAY HAVE TO TRIAL BY JURY IN RESPECT OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION BASED ON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, ORAL OR WRITTEN STATEMENT OR
ACTION OF ANY PARTY HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, 

  
 Exhibit T - 4 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EQUITY OR OTHERWISE. EACH OF THE PARTIES HERETO HEREBY AGREES THAT ANY SUCH CLAIM,
DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES HERETO MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER
OF THEIR RIGHT TO TRIAL BY JURY. 
  

	 	g.	 Entire Agreement. This Agreement, together with the schedules attached hereto, constitutes the entire agreement
of the Parties hereto with respect to the subject matter hereof and supersedes all prior or contemporaneous agreements, covenants, representations, warranties, undertakings and understandings, written or oral, among the Parties hereto with respect
to the subject matter hereof. 

  

	 	h.	 Severability. If one or more provisions of this Agreement are found by a court or arbitrator of competent
jurisdiction, or any governmental authority with competent jurisdiction over the Parties to be illegal, invalid or unenforceable, in whole or in part, the remaining terms and provisions of this Agreement (including the remaining portion of a
provision found to be illegal, invalid or unenforceable in part) shall remain in full force and effect disregarding such illegal, invalid or unenforceable provision or portion thereof and such court, arbitrator or governmental authority shall be
empowered to modify such illegal, invalid or unenforceable provision or portion thereof to the extent necessary to make this Agreement enforceable in accordance with the intent and purposes of the Parties expressed in this Agreement to the fullest
extent practicable and as permitted by applicable law. 

 [Signature pages follow.] 

  
 Exhibit T - 5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 IN WITNESS WHEREOF, the Parties have executed this Contribution Agreement as of the Effective
Date set forth above. 
  

			
	[TRANSFEROR]
		
	By:	 	 
	Name:	 	
	Title:	 	Authorized Person

  

			
	GSRP WAREHOUSE I LLC
		
	By:	 	 
	Name:	 	
	Title:	 	Authorized Person

  
 Exhibit T - 6 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT U 

FORM OF RESERVE LETTER OF CREDIT 

[See attached] 

  
 Exhibit U 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT U 

FORM OF RESERVE LETTER OF CREDIT 

[ISSUING BANK LETTERHEAD] 

IRREVOCABLE STANDBY LETTER OF CREDIT NO. _________ 

Dated: _______ 
 ACCOUNT PARTY: 

GSRP WAREHOUSE I, LLC 
 C/O GOLDMAN SACHS RENEWABLE POWER LLC 

200 WEST STREET, 3RD FLOOR 

NEW YORK, NY 10282 
 ATTN: Patrick McAlpine 

BENEFICIARY: 
 MUFG Union Bank, N.A., as Collateral Agent 

350 California Street, 17th Floor 
 San Francisco, CA 94104 

Attention: Corporate Trust Department 
 Facsimile: (415) 273-2492 
 Email: SFCT@unionbank.com 

Dear Beneficiary: 
 At the request of and for the
account of GSRP Warehouse I. LLC (“Account Party”), we hereby establish in your favor, for the benefit of MUFG Union Bank, N.A., as Collateral Agent on behalf of the Lenders (the “Beneficiary”) in connection with
(i) that certain Depositary Agreement, dated as of February 23, 2021 (as amended, modified, restated or supplemented from time to time, the “Depositary Agreement”), among the Account Party, as borrower, MUFG Bank, Ltd., as
administrative agent, and MUFG Union Bank, N.A., as collateral agent and depositary bank and (ii) that certain Credit Agreement, dated as of February [  ●   ], 2021 (as amended, modified, restated or supplemented from
time to time, the “Credit Agreement”), among the Account Party, as borrower, the lenders and issuing banks party thereto (collectively, the “Lenders”), MUFG Bank, Ltd., as administrative agent, the Beneficiary and
MUFG Union Bank, N.A., as depositary bank, our Irrevocable Standby Letter of Credit No. ________ (this “Letter of Credit”) whereby, subject to the terms and conditions contained herein, you are hereby irrevocably authorized to draw
on [NAME OF ISSUING BANK] (the “Issuing Bank”), by your draft or drafts at sight, an aggregate amount not to exceed U.S.$[ _________________] (United States Dollars _________________) (such amount, as it may be reduced in
accordance with the terms hereof, the “Stated Amount” ). Capitalized terms used but not otherwise defined in this Letter of Credit shall have the meanings assigned to such terms (whether directly or by reference to another agreement
or document) in the Credit Agreement. 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 This Letter of Credit shall be effective immediately and shall expire on the Expiration Date
(as hereinafter defined). Partial and multiple drawings on this Letter of Credit are permitted. 
 You may draw upon this Letter of Credit
one or more times and at any time on or prior to the Expiration Date by presenting (a) a sight draft in the form of Exhibit A (a “Sight Draft”), completed in accordance with the instructions contained in such Exhibit
A and executed by your authorized officer and (b) a certificate in the form of Exhibit B (a “Draw Certificate”), completed in accordance with the instructions contained in such Exhibit B and executed by your
authorized officer. 
 Drawings may be presented to us by facsimile transmission to facsimile number [FAX NUMBER OF ISSUING BANK]
(each such drawing, a “Fax Drawing”); provided, however, that a Fax Drawing will not be effectively presented until you confirm by telephone our receipt of such Fax Drawing by calling us at telephone number [TELEPHONE NUMBER OF
ISSUING BANK] ATTN. [CONTACT PERSON AT ISSUING BANK] (or at such other phone number of fax number as may be specified from time to time in writing by us to the Beneficiary); provided, further, that our receipt of such telephone
call will not be a condition for payment hereunder. The original documents must be forwarded to us by overnight courier mail service at our above address immediately after the facscimile transmission. Any such documents presented by facsimile
transmission are deemed to be effective as originals. 
 The Stated Amount shall be reduced by the amount of any drawing hereunder. The
Stated Amount shall also be reduced upon our receipt of a notice from you, in the form of Exhibit C (a “Reduction Notice”) by an amount in dollars equal to the amount of dollars stated in each such notice. Presentation of any Sight
Draft and Draw Certificate shall be made at our office located at [ADDRESS OF ISSUING BANK]. We hereby agree with you that any Sight Draft and Draw Certificate drawn under and in compliance with the terms and conditions of this Letter of
Credit shall be duly honored by us upon delivery, if presented on or before our close of business on the Expiration Date at our office specified above. 

Provided that a compliant drawing is presented by [12:00 P.M.] Eastern Standard Time, on any Business Day, payment shall be made to you of the
amount specified in the applicable Sight Draft, not to exceed the Stated Amount, in immediately available funds, on or before the second Business Day after presentation. As used herein, “Business Day” shall mean any day other than a
Saturday, Sunday or day on which banking institutions in the State of New York are authorized or required by law to close. 
 If any
documents presented in connection therewith does not conform to the terms and conditions hereof, we will advise you of same in writing sent by email to [COLLATERAL AGENT EMAIL ADDRESS] within one Business Day upon receipt of such drawing that
the documents for payment did not comply in accordance with the terms and conditions of this letter of credit, stating the reasons therefor and that the bank is holding the documents at your disposal or return the same to you, as the bank may elect.
Upon being notified that the documents for payment was not effected in conformity with this letter of credit, you may attempt to correct any such non-conforming documents for payment if, and to the extent that
you are entitled and able to do so on or before the Expiration Date. 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 This Letter of Credit shall expire on [INSERT DATE ONE CALENDAR YEAR FROM THE DATE
OF ISSUANCE OF THIS LETTER OF CREDIT] (or if such date is not a Business Day, on the Business Day immediately following such date; such date, the “Expiration Date”). However, it a condition of this Letter of Credit that it is deemed to
be automatically extended without amendment for period(s) of one year each from the present or any future extended expiration date unless at least sixty (60) calendar days prior to such expiration date we notify you at your above address by
courier service of our election not to extend this Letter of Credit for such additional period. In no event will this Letter of Credit be extended beyond February 13, 2026 (the “Final Expiration Date”). 

This Letter of Credit may be transferred in whole but not in part to a transferee who you certify has succeeded you as Collateral Agent. Such
transfer request should be presented to us at our presentation office stated herein by your certificate in the form of Exhibit D (“Notice of Transfer”) completed in accordance with the instructions contained in such
Exhibit D and executed by your authorized officer, accompanied by this Letter of Credit and all amendments thereto. The Issuing Bank will not effect a transfer or make any payment under this Letter of Credit to any person who is listed on a
United Nations, European Union or United States of American sanctions list, nor to any person with whom the Issuing Bank is prohibited from engaging in transactions under applicable United States federal or state anti-boycott, anti-terrorism or
anti-money laundering laws or U.S. sanctions laws. 
 Only you as the Beneficiary may draw upon this Letter of Credit. Upon the earliest of
(i) the honoring by us of the final drawing available to be made hereunder, (ii) our receipt of this outstanding Letter of Credit and all amendments hereto and a written certificate signed by your authorized officer in the form of
Exhibit E (“Early Cancellation Authority”) appropriately completed stating that this letter of credit is no longer required by you and may be cancelled prior to the Expiration Date or (iii) the Expiration Date, this
Letter of Credit shall automatically terminate and be delivered by us to the Beneficiary for cancellation. It is further understood that this Letter of Credit will terminate on such date regardless of whether we receive it or not for cancellation.

 This Letter of Credit sets forth in full the terms of our undertaking. Reference in this Letter of Credit to other documents or
instruments is for identification purposes only and such reference shall not modify or affect the terms hereof or cause such documents or instruments to be deemed incorporated herein. 

This Letter of Credit is issued subject to the International Standby Practices 1998, International Chamber of Commerce Publication
No. 590 (the “ISP”) except to the extent the terms hereof are inconsistent with the provisions of the ISP, in which case the terms of this Letter of Credit shall govern. To the extent not inconsistent with the ISP, the laws of
the State of New York excluding any choice of law provisions or conflict of law principles which would require reference to the laws of any other jurisdiction. In the event of a conflict between the ISP and the laws of the State of New York, the ISP
shall prevail. 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	Very truly yours,
	
	[ISSUING BANK]
		
	By:	 	 
		 	Name:
		 	Title:

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Exhibit A 

to Letter of Credit No. ______ 

SIGHT DRAFT 
 [DATE] 

[ISSUING BANK] 
 [ADDRESS] 

 

	 	Re:	 Irrevocable Standby Letter of Credit No. 

On Sight 
 Pay to MUFG Union Bank, N.A., as
Collateral Agent, in immediately available funds U.S.$_______________________ (United States Dollars _________________ and __/100), drawn under [ISSUING BANK] Irrevocable Standby Letter of Credit No. __________ . 

Remit payment to: 
 Bank Name:     

Bank ABA No:     
 Account
Name:     
 Account No.:     

For Further Credit: [GSRP Warehouse Borrower Debt Service Reserve Account] 

This Sight Draft has been executed and delivered by a duly authorized officer of the undersigned on the date first above written. 

 

			
	MUFG Union Bank, N.A., as Collateral Agent
		
	 By:
	 	 
		 	 Name:

		 	 Title:

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Exhibit B 

to Letter of Credit No. ______ 

DRAW CERTIFICATE 
 [DATE] 

[ISSUING BANK] 
 [ADDRESS] 

 

	 	Re:	 Irrevocable Standby Letter of Credit No. 

Ladies/Gentlemen: 
 This is a certificate
presented in accordance with [ISSUING BANK] Irrevocable Standby Letter of Credit No. _____ issued in our favor as Beneficiary (the “Letter of Credit”). 

We hereby certify that (a) we are entitled to draw under the Irrevocable Standby Letter of Credit No. ________ pursuant to that certain
Depositary Agreement, dated as of February 23, 2021 (as amended, modified, restated or supplemented from time to time, the “Depositary Agreement”), among GSRP Warehouse I LLC, as borrower, MUFG Bank, Ltd., as administrative
agent, and MUFG Union Bank, N.A., as collateral agent (the “Collateral Agent”) and depositary bank and (b) the amount drawn does not exceed the current Stated Amount of the Letter of Credit (less any previously drawn amounts). We
agree to apply the proceeds of the Letter of Credit draw to be made pursuant to the accompanying sight draft in accordance with the Credit Agreement and the Depositary Agreement. 

This certificate has been executed and delivered by a duly authorized officer of the undersigned on the date first above written. 

 

			
	MUFG Union Bank, N.A., as Collateral Agent
		
	By:	 	 
		 	Name:
		 	Title:

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Exhibit C 

to Letter of Credit No. ______ 

REDUCTION NOTICE 
 [DATE] 

[ISSUING BANK] 
 [ADDRESS] 

Ladies and Gentlemen, 
 In connection with
(i) that certain Depositary Agreement, dated as of February 23, 2021 (as amended, modified, restated or supplemented from time to time, the “Depositary Agreement”), among the Account Party, as borrower, MUFG Bank, Ltd., as
administrative agent, and MUFG Union Bank, N.A., as collateral agent and depositary bank and (ii) that certain Credit Agreement, dated as of February 23, 2021 (as amended, modified, restated or supplemented from time to time, the
“Credit Agreement”), among the Account Party, as borrower, the lenders and issuing banks party thereto (collectively, the “Lenders”), MUFG Bank, Ltd., as administrative agent, and MUFG Union Bank, N.A., as
collateral agent for the Lenders (the “Beneficiary”) and the depositary bank, Beneficiary hereby certifies to [ISSUING BANK] with reference to the irrevocable standby Letter of Credit No. [____] (the “Letter of
Credit”) that: 
 (A) The Collateral Agent is authorizing a reduction to the amount of the Letter of Credit pursuant to
Section 3.2(d) of the Depositary Agreement. 
 (B) With effect from the date of this certificate, the Stated Amount of the Letter of
Credit is authorized to be reduced by USD [                 ] to the new stated amount of USD [________]. 

This certificate has been executed and delivered by a duly authorized representative of the undersigned on the date first above written. 

 

			
	 BENEFICIARY: MUFG UNION BANK, N.A.,

as Collateral Agent

		
	 BY:
	 	 
	 NAME:
	 	
	 TITLE:
	 	

 . 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Exhibit D 

to Letter of Credit No. _________ 

NOTICE OF TRANSFER 
 [DATE] 

 
  

TRANSFER OF LETTER OF CREDIT IN ITS ENTIRETY 
  

 
  

									
	To:	 	[ISSUING BANK]	 		  	From:	  	 MUFG Union Bank, N.A., as Collateral

Agent

		 	[ADDRESS]	 		  		  	350 California Street, 17th Floor
		 	 	 		  		  	San Francisco, CA 94104
		 	 	 		  		  	Attention: Corporate Trust Department
		 	 	 		  		  	Facsimile: (415) 273-2492
		 	 	 		  		  	Email: SFCT@unionbank.com

  

	Re:	 Irrevocable Standby Letter of Credit No.________ Issued by [ISSUING BANK] 

 

					
		  	We, the undersigned beneficiary, hereby request you to transfer the referenced Letter of Credit in its entirety to:
			
	To:	  	 	  	whose address is
		  	 	  	
		  	 	  	
		  	 	  	

 (herein after called the “Transferee”). 

We hereby certify that the Transferee has succeeded the Beneficiary’s right, title and interest as Collateral Agentunder the Credit
Agreement (as defined in the Letter of Credit). 
 We are returning the original instrument and amendments (if any) to you herewith in order
that you may deliver it to the Transferee together with your customary letter of transfer notification. 
 Any amendments to the Letter of
Credit that you may issue are to be advised by you directly to the Transferee, and the Transferee will present documents (including drafts if required under the credit) to you directly without our intervention and without any further responsibility
on your part to us. 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 We confirm our understanding that the execution of this transfer request by you is subject to compliance with
all legal requirements under applicable laws of the United States of America [FOR MUFG AS ISSUING BANK INSERT: and Japan]. 
  

			
	 The signature of the beneficiary with title as stated

	 conforms with that on file with us and is authorized

	 for the execution of such instruction.
	  	

  

									
	 	 		 	 
	Name of (Beneficiary’s) Bank	 		 	 MUFG Union Bank, N.A., as Collateral

Agent

					
	 By:
	 	 	 		 	 By:
	 	 
		 	(Authorized Signature)	 		 		 	 (Authorized Signature)

 

	 (Title)
	 		 	 (Title)

 

	 (Telephone Number)
	 		 	 (Telephone Number)

 

	
Date:                  
                      
	 		 		 	

  

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Exhibit E 

to Letter of Credit No. ______ 

EARLY CANCELLATION AUTHORITY 
 [DATE] 

[ISSUING BANK] 
 [ADDRESS] 

Ladies and Gentlemen: 
 This certificate is
presented in accordance with your irrevocable standby letter of credit no. [___________] held by us (the “Letter of Credit”). 

The undersigned, as Beneficiary under the Letter of Credit, hereby confirms that it is no longer required by u s and may be cancelled. The
original Letter of Credit and all amendments thereto, accompany this certificate. 
 This certificate has been executed and delivered by a
duly authorized officer of the undersigned on the date first above written. 
  

			
	BENEFICIARY: MUFG UNION BANK, N.A., as Collateral Agent
		
	BY:	 	 
	NAME:	 	
	TITLE:	 	

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT V 

FORM OF INDEPENDENT ENGINEER COMPLIANCE CERTIFICATE 

Date: [__________]1 
 MUFG Bank, Ltd., 

    as Administrative Agent 
 1221 Avenue of
the Americas, 6th Floor 
 New York, NY, 10020 
 Attention:
Lawrence Blat 
 Phone: 212-405-6621 

E-mail: Lawrence.blat@mufgsecurities.com, 

Agencydesk@us.sc.mufg.jp 
 Enertis Solar Inc. 

[__________] 
 [__________] 

Attention: [__________] 
 Re: GSRP Warehouse I LLC –
Quarter Ended: [____], 20[__] 
 Ladies and Gentlemen: 

This Independent Engineer Compliance Certificate (this “Certificate”) is delivered to you by GSRP WAREHOUSE I LLC, a Delaware
limited liability company (the “Borrower”) and Enertis Solar Inc. (the “Independent Engineer”) pursuant to Sections 6.02(c) of that certain Credit Agreement, dated as of February 23, 2021 (as amended, restated,
extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among the Borrower, each lender from time to time party thereto, each issuing bank from time to time party thereto, MUFG BANK, LTD.,
as administrative agent, and MUFG UNION BANK N.A., as collateral agent and depositary bank, with the lead arrangers and bookrunners party thereto. Capitalized terms used but not otherwise defined in this certificate shall have the meanings assigned
to such terms (whether directly or by reference to another agreement or document) in the Credit Agreement. 
 Borrower hereby certifies, as
of the date hereof, as follows: 
 1. The Borrower has provided to the Independent Engineer such documents and information as would be
reasonably necessary for the purposes of confirming the certifications set forth herein and otherwise as reasonably requested by the Independent Engineer. 

 

	1 	 Pursuant to Section 6.02(c) of the Credit Agreement, to be delivered within 30 days after the end of each
Fiscal Quarter of the Borrower. 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 2. [Each Construction Project is reasonably likely to achieve Commercial Operating and
Completion on or prior to such Project’s Project Date Certain as set forth in the Borrower Certificate for such Project in accordance with, in all material respects, each such Construction Project’s Construction Budget and Project
Schedule.][____] Construction Project is not expected to achieve such Project’s Project Date Certain as a result of the following: [_____].] 

3. There [are][are not] sufficient available disbursements under the Revolving Credit Facility, when taken together with the proceeds of the
Equity Contributions on deposit on the Revenue Account and amounts to be provided pursuant to Sponsor Equity Commitments and Permitted Tax Equity Arrangements, to provide sufficient funds to achieve Commercial Operation and Completion on or before
each Construction Project’s Project Date Certain. 
 4. No cost overruns have occurred in excess of 10% of the costs set forth in the
Construction Budget or Operating Budget for such Project if a Material Project or 15% of the costs set forth in the Construction Budget or Operating Budget for such Project if a Non-Material Project, other
than those set forth on Appendix I. 
 5. [Each Operating Project is performing in all material respects as reasonably anticipated
for such Project based on the projections set forth in the Base Case Model.] [[____] Operating Project is not performing as projected as a result of the following: [_____].] 

The Independent Engineer confirms that it has reviewed the documents and information made available to it by the Borrower in order to confirm
the certifications made above. The Independent Engineer’s review has not brought to its attention any material errors in the documents and information reviewed or the certifications made above. 

[SIGNATURE PAGES FOLLOW] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 IN WITNESS WHEREOF, the undersigned parties have executed this Certificate as of the date
first written above. 
  

			
	 GSRP WAREHOUSE I LLC,

a Delaware limited liability company

 
			
		
	By:	 	 
	Name:	 	
	Title:	 	

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Certified, approved and agreed by: 
  

			
	 ENERTIS SOLAR INC., 
 as
Independent Engineer

			
		
	By:	 	 
	Name:	 	
	Title:	 	

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 [Insert Applicable Attachments] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT W 

FORM OF AMERICAN KINGS CONSENT 

[See attached] 
 Exhibit W 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

			
	Southern California Edison	  	Confidential Information 

  
  

RAP ID #5263, American Kings Solar, LLC  

CONSENT TO ASSIGNMENT OF MEMBERSHIP INTEREST  

This Consent to Assignment of Membership Interest (this “Consent”) is entered into by and among Southern California Edison Company,
a California corporation (“SCE”) and American Kings Solar, LLC, a Delaware limited liability company (“Seller”). SCE and Seller are sometimes referred to herein individually as a “Party” and jointly as the
“Parties.” Capitalized terms used but not otherwise defined in this Consent shall have the meanings ascribed to them in the PPA (as defined below). 

RECITALS 
 The Parties enter into this
Consent with reference to the following facts: 
  

	(A)	 SCE and Seller are Parties to that certain Renewable Power Purchase Agreement, dated August 2, 2016 (as
amended from time to time, the “PPA”), under which, among other things, Seller will sell to SCE, and SCE will purchase from Seller, Product upon commencement of the Delivery Term. 

 

	(B)	 Seller is directly owned by GSRP King LLC, a Delaware limited liability company (“GSRP King”), and
M&T Bank Corporation, a New York corporation. GSRP King is the managing member of Seller. 

  

	(C)	 GSRP King is indirectly controlled by Goldman Sachs Renewable Power LLC, a Delaware limited liability company
(“GSRP”). 

  

	(D)	 In connection with an internal reorganization, GSRP King will be transferred (the “Assignment”) to
GSRP Warehouse I LLC, a Delaware limited liability company (or one of its wholly-owned subsidiaries) (“GSRP Warehouse”). GSRP Warehouse is a wholly-owned subsidiary of GSRP. GSRP will continue to control both GSRP Warehouse and GSRP King
following the Assignment, and GSRP King will remain the managing member of Seller following the Assignment. 

  

	(E)	 In accordance with the PPA, Seller is required to obtain SCE’s consent to any change of control of Seller.

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

			
	Southern California Edison	  	Confidential Information 

  
  

RAP ID #5263, American Kings Solar, LLC  

AGREEMENT 
 In consideration of the
foregoing, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and intending to be legally bound, the Parties hereto hereby agree as follows: 

 

	1.	 SCE hereby consents to the Assignment under the terms and conditions of this Consent and acknowledges and
agrees that any future direct or indirect transfer or assignment of Seller following which (i) GSRP or (ii) any lender or agent providing facilities indirectly to Seller by lending to one or more of its affiliates that directly or
indirectly forecloses on the equity in Seller (and any subsequent transferee thereof that does not violate the criteria set forth in Section 10.05(f) of the PPA), in either case continues to directly or indirectly control Seller (including by
virtue of controlling the managing member of Seller), shall not constitute a direct or indirect change of control of Seller 

  

	2.	 This Consent is neither a modification of, nor an amendment to, the PPA, which is, and shall remain, in full
force and effect. 

  

	3.	 Neither this Consent nor the Assignment in any manner diminish SCE’s rights or increase its obligations
under the PPA. 

  

	4.	 Seller agrees to pay, and to hold SCE harmless from and hereby releases SCE from, and waives any rights against
SCE with respect to, any and all balance owed, loss, liability, damage, claim, cost or expense (including, without limitation, any direct, indirect or consequential loss, liability, damage, claim, cost or expense, including legal fees and expenses)
in connection with or arising out of any of the transactions contemplated by the Assignment or this Consent. 

  

	5.	 SCE is not a party to, and has no obligation under, any documents or agreements other than those it has signed.
To the extent that this Consent is inconsistent with any other documents or agreements, as between the Parties, this Consent shall govern. 

  

	6.	 This Consent is binding upon, inures to the benefit of, and is enforceable by, each of SCE and Seller, and each
of their permitted successors and assigns, and inures to the further benefit of, and is enforceable by, any assignee or transferee permitted hereby and by the PPA. 

 

	7.	 All notices, requests, consents, approvals, elections, demands and other communications (collectively,
“Notices”) required or permitted to be given under this Consent shall be in writing and shall be given to a Party at the address or facsimile number set forth below, or at such other address as such Party may hereafter specify for such
purpose by Notice under this Paragraph 7. Such Notice will be deemed to be made: (i) on the fifth (5th) business day after deposit thereof in the United States mail, first class postage prepaid; (ii) when received, if delivered by hand;
(iii) when received in full, if sent by facsimile transmission; (iv) when received in full, if sent by electronic mail; or (v) on the first business day following deposit in overnight mail, postage prepaid. 

Notice shall be directed (a) if to SCE or Seller, in accordance with Section 10.08 of the PPA and (b) to such other address or
addressee as any such Party may designate by notice given pursuant hereto. 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

			
	Southern California Edison	  	Confidential Information 

  
  

RAP ID #5263, American Kings Solar, LLC  
  

	8.	 THIS CONSENT SHALL BE CONSTRUED IN ACCORDANCE WITH, AND THIS CONSENT AND ALL MATTERS ARISING OUT OF THIS
CONSENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, THE LAW OF THE STATE OF CALIFORNIA WITHOUT REGARD TO ANY CONFLICTS OF LAWS PROVISIONS THEREOF THAT WOULD RESULT IN THE APPLICATION OF THE LAW OF ANOTHER JURISDICTION.

  

	9.	 Notwithstanding any right that they may otherwise have under law to venue in other counties or location, the
Parties consent to jurisdiction and venue in Los Angeles County, California for the litigation of disputes of any nature arising out of or relating to this Consent including, without limitation, disputes sounding in contract, tort or based on
statute or regulation, that the Parties are unable to settle between themselves. 

  

	10.	 This Consent may not be amended, modified, abrogated or superseded by a subsequent agreement unless such
subsequent agreement is in the form of a written instrument signed by the Parties. 

  

	11.	 The Parties acknowledge that they have read and understood this Consent. The Parties further acknowledge that,
in entering into this Consent, they have been advised by attorneys of their choice. Further, all Parties have participated in the drafting and preparation of this Consent. Accordingly, no Party to this Consent will be deemed to be the drafter of any
part of it, and no ambiguity in its provisions shall be construed against any Party for that reason. 

  

	12.	 Except as provided in Paragraph 6 above, the Parties do not intend to create rights in, or grant remedies to,
any third party as a beneficiary of this Consent or any duty, covenant, obligation or understanding established hereunder. 

  

	13.	 If any provision of this Consent is held invalid, illegal or unenforceable, the validity, legality or
enforceability of the remaining provisions hereof will not in any way be affected or impaired thereby. 

  

	14.	 This Consent sets forth the entire agreement of the Parties with respect to the subject matter herein, and
supersedes all previous understandings, written or oral, with respect thereto. 

  

	15.	 This Consent may be executed in one or more counterparts, each of which will be deemed to be an original of
this Consent and all of which, when taken together, will be deemed to constitute one and the same agreement. The exchange of copies of this Consent and of signature pages by facsimile transmission, Portable Document Format (i.e., PDF), or by other
electronic means shall constitute effective execution and delivery of this Consent as to the Parties and may be used in lieu of the original Consent for all purposes. 

 

	16.	 Each Party represents and warrants that the execution, delivery and performance of this Consent are within its
powers, have been duly authorized by all necessary action and do not violate any of the terms and conditions in its governing documents, any contracts to which it is a party or any law, rule, regulation, order or the like applicable to it, and that
the person who signs below on behalf of that Party has authority to execute this Consent on behalf of such Party and to bind such Party to this Consent. 

[Signature Page Follows] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

			
	Southern California Edison	  	Confidential Information 

  
  

RAP ID #5263, American Kings Solar, LLC  

IN WITNESS WHEREOF, the Parties hereto have caused this Consent to be executed by their duly authorized representatives on the dates indicated
below their respective signatures. 
  

											
	AMERICAN KINGS SOLARLLC,	 		 		 	SOUTHERN CALIFORNIAEDISON COMPANY,
	a Delaware limited liability company	 		 		 	a California corporation

									
					
	By:	 	GSRP King LLC, its ManagingMember	 		 	 By:
	 	 

               Mark Irwin, Energy Contract Management

									
					
	By:	 	Goldman Sachs Renewable Power Operating Company, LLC, its Sole Member	 		 	   Date:
	 	 

  

			
	 By:
	 	 

			
	Jon Yoder
	Authorized Signatory

			
		
	 Date:
	 	 

  

  
 [Signature Page to PPA
Consent] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT X 

FORMS OF AMERICAN KINGS NOVATION, GUARANTY AND BOND 

[See attached] 
 Exhibit X 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Execution Version 

NOVATION AND RELEASE AGREEMENT 

This Novation and Release Agreement (this “Agreement”) is made and entered into on ____________, 2021, by and among First
Solar Electric (California), Inc., a Delaware corporation (“Prior Operator”), First Solar, Inc., a Delaware corporation (“First Solar”), FS Energy Services (CA), LLC, a Delaware limited liability company
(“Operator”), and American Kings Solar, LLC, a Delaware limited liability company (“Counterparty”). Prior Operator, First Solar, Operator and Counterparty are sometimes referred to herein individually as a
“Party” and collectively as the “Parties”. 
 RECITALS: 

WHEREAS, Prior Operator and Counterparty have entered into that certain Operations and Maintenance Agreement, dated as of June 30,
2020 (the “O&M Agreement”); 
 WHEREAS, pursuant to the O&M Agreement, Prior Operator has agreed to operate
and maintain the solar electric generation facility owned by Counterparty, and Counterparty has agreed to engage Prior Operator to operate and maintain such facility, all on the terms and subject to the conditions of the O&M Agreement; 

WHEREAS, pursuant to that certain Membership Interest Purchase Agreement, dated as of August 5, 2020, by and among First Solar and
Northstar Energy Management, LLC (“Northstar”), an indirect, wholly-owned subsidiary of NovaSource Power Holdings, Inc. (“Guarantor”) (as the same may be amended or otherwise modified in accordance with its terms,
the “Purchase Agreement”), (a) Prior Operator is transferring the North American PV operations and maintenance business of Prior Operator and its affiliates to the Operator and certain affiliates of Operator, and (b) Northstar
is acquiring from First Solar all of the equity interests in Operator (collectively, the “Transactions”); 

WHEREAS, pursuant to the terms of this Agreement, in connection with the transactions contemplated by the Purchase Agreement, Prior
Operator desires to transfer, convey, delegate and assign to Operator, and Operator desires to acquire, accept, receive and assume from Prior Operator, all rights, duties, obligations, liabilities, title and interest of Prior Operator in and under
the O&M Agreement; 
 WHEREAS, in connection with such assignment, the Parties desire to novate the O&M Agreement from Prior
Operator to Operator and substitute Operator for Prior Operator under the O&M Agreement; 
 WHEREAS, in connection with the
O&M Agreement, First Solar entered into and delivered to Counterparty that certain Guaranty, guaranteeing certain obligations of Prior Operator under the O&M Agreement (the “First Solar Guaranty”); 

WHEREAS, the Parties desire that Operator (a) cause Guarantor to enter into and deliver to Counterparty a parent guaranty of the
obligation of Operator in the form of Exhibit 1 hereto (the “NSPH Guaranty”), and (b) cause to be provided to Counterparty the surety bond by the Principal (as defined in such surety bond) and the Surety (as defined in such
surety bond) in favor of the Counterparty in the amount of $500,000 substantially in the form attached hereto as Exhibit 2 (the “Bond”); 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 WHEREAS, in connection with the assignment and novation of the O&M Agreement, the
Parties desire to terminate and release First Solar from all obligations under the First Solar Guaranty; and 
 WHEREAS, the Parties
desire to enter into a certain amendment to the O&M Agreement set forth below in Article III; 
 NOW, THEREFORE, in consideration
of the mutual agreements, provisions and covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

I. Definitions. Unless otherwise indicated herein, any capitalized word, term, phrase or abbreviation that is used in this Agreement but that is not
specifically defined in this Agreement shall have the meaning ascribed to such word, term or phrase in the O&M Agreement. In the event of any inconsistency between any capitalized word, term, phrase or abbreviation set forth in the O&M
Agreement and any capitalized word, term, phrase or abbreviation set forth in this Agreement, the meaning set forth in this Agreement shall take precedence unless the context of the O&M Agreement otherwise requires. 

II. Assignment, Novation and Termination. 

1. Assignment. Effective upon (i) the “Closing” of the Transactions under the Purchase Agreement (the
“Closing”); (ii) the delivery and effectiveness of the NSPH Guaranty and Bond; and (iii) receipt by Counterparty of an officer’s certificate from each of the Prior Operator and Operator certifying that its respective
representations set forth in this Agreement are true and correct in all respects as of the date of Closing (the “Officer Certificates”), Prior Operator hereby transfers, conveys, delegates and assigns to the Operator all of the
Prior Operator’s rights, duties, obligations, liabilities, title and interest in, to and under the O&M Agreement, and the Operator hereby acquires, accepts, receives and assumes the transfer, conveyance, delegation and assignment of such
rights, duties, obligations, liabilities, title and interest in, to and under the O&M Agreement. 
 2. Novation. Effective upon
(i) the Closing; (ii) the delivery and effectiveness of the NSPH Guaranty and Bond; and (iii) receipt by Counterparty of the Officer Certificates, Prior Operator, Operator and Counterparty hereby mutually agree that (a) the
O&M Agreement is hereby novated from Prior Operator to Operator, (b) Operator is substituted for Prior Operator under the O&M Agreement, (c) the O&M Agreement shall be construed and interpreted in all respects as though
Operator were named a party therein as “Operator” thereunder and all references to the “Operator,” as such, under the O&M Agreement shall refer to Operator, rather than Prior Operator, (d) Prior Operator is hereby
irrevocably and unconditionally released and forever discharged from, except for its duties, obligations and liabilities under the confidentiality provisions of the O&M Agreement, its duties, obligations, and liabilities under, and shall have no
right, title and interest in and to, the O&M Agreement, whether arising prior to, or after, the Closing, and (e) the Operator and any affiliate to which Operator assigns the O&M Agreement shall be responsible for all such released
rights, duties, obligations, liabilities, title and interest (whether arising on, prior to, or after, the Closing) and agree to perform all past, present, and future obligations of Prior Operator under the O&M Agreement. 

  
 2 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 3. Plant Data. Notwithstanding the provisions of Sections II.1 and II.2 of this
Agreement, Prior Operator and its affiliates may continue to receive from Operator meteorological and other data produced from Counterparty’s facility under Section 13.4 of the O&M Agreement (as in effect immediately prior to the
Closing, the “Prior O&M Agreement”) on the terms and conditions set forth in the Prior O&M Agreement) as if Prior Operator and its affiliates were authorized contractors under the Prior O&M Agreement, and shall have any
of the same rights as Operator may have under the Prior O&M Agreement with respect to such data, for the purposes of assessing and improving photovoltaic modules of Prior Operator and its affiliates and such other purposes as permitted by the
Prior O&M Agreement; provided, however, that Prior Operator continues to be bound by the confidentiality obligations of the O&M Agreement related to the handling and use of such facility data. 

4. Replacement of Parent Guaranty. On or prior to the date of the Closing, Operator shall cause the NSPH Guaranty and the Bond to be
delivered to Counterparty. Effective upon the Closing and Counterparty’s receipt of such documents, the First Solar Guaranty is hereby terminated and cancelled and First Solar is hereby irrevocably and unconditionally released and forever
discharged from its obligations and liabilities under the First Solar Guaranty, whether arising prior to, or after, the Closing. If, at any time during the effective period of the Bond, the Surety (as defined in the Bond) or any successor surety is
no longer an Approved Issuer, Operator shall have thirty (30) business days to deliver to Counterparty a replacement bond in substantially the form of Exhibit 2 (or in such other form as is reasonably acceptable to Counterparty) from an
Approved Issuer. For purposes of this Agreement, “Approved Issuer” means an insurance or surety company having an office in the United States with an AM Best’s rating of not less than
“A-”. 
 5. Notice of Closing. Operator shall notify Counterparty within five
(5) days of the Closing. 
 6. ACKNOWLEDGEMENT. COUNTERPARTY UNDERSTANDS AND AGREES AS PART OF THE INDUCEMENT FOR THE
CONSIDERATION GIVEN FOR THE RELEASES SET FORTH IN THIS AGREEMENT WITH RESPECT TO THE PRIOR OPERATOR AND FIRST SOLAR THAT COUNTERPARTY WAIVES THE PROVISIONS OF SECTION 1542 OF THE CALIFORNIA CIVIL CODE, WHICH SECTION READS AS FOLLOWS, AND ANY OTHER
STATE, FEDERAL, PROVINCIAL OR FOREIGN STATUTE OR COMMON LAW PRINCIPLE OF SIMILAR EFFECT: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH
THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN TO HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. 

  
 3 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 III. Amendment. Effective as of the Closing, Section 13.11.3 of the O&M Agreement is hereby
amended to replace the reference in clause (a) to “First Solar, Inc.” with “NovaSource Power Holdings, Inc.” 
 IV. Consent to
Future Assignment. Pursuant to Section 13.11.3 of the O&M Agreement, as amended, Counterparty hereby provides its consent to Operator’s assignment (whether by operation of law or otherwise) of the O&M Agreement to Northstar
after the Closing (the “Northstar Assignment”); provided that: (i)(a) the NSPH Guaranty; and (b) the Bond, subject to the termination and expiry provisions contained in the Bond, each remain in full force and effect; and
(ii) Northstar shall have delivered to Counterparty, and Counterparty shall have received, as of the date of the Northstar Assignment, an officer’s certificate certifying that that the representations set forth in this Agreement
made by Operator are true and correct in all respects with respect to Northstar (mutatis mutandis) as of the date of the Northstar Assignment. 

V. Representations and Warranties. 
 1.
Prior Operator. Prior Operator represents and warrants to Counterparty and Operator, as of the date hereof, as follows: 
 (a)
Power and Authority; Authorization. Prior Operator is a corporation, validly organized and existing and in good standing under the laws of the State of Delaware and has full corporate power and authority to enter into and perform its
obligations under this Agreement. 
 (b) Enforceability. Prior Operator has duly authorized, executed and delivered this Agreement,
and this Agreement is fully enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency and other laws affecting creditors’ rights and remedies generally and subject, as to enforceability, to general
principles of equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether a proceeding is sought in equity or at law). 

(c) No Conflict. The execution, delivery and performance by Prior Operator of this Agreement does not and will not contravene or
conflict with any law, order, rule, regulation, writ, injunction or decree now in effect of any government, governmental instrumentality or court or tribunal having jurisdiction over it, or any contractual restriction binding on or affecting it.

 (d) Consents. All approvals and consents of third parties (including any consents and approvals required pursuant to any
agreements entered into by Prior Operator, First Solar, and/or any of their affiliates with any lender, any tax equity investor, or other investor of Counterparty or its affiliates) required for its execution, delivery and performance of this
Agreement (including the transactions contemplated by Article II hereof) have been obtained and are in full force and effect, and all conditions to the effectiveness thereof have been waived or satisfied. 

(e) No Default. The execution, delivery and performance by Prior Operator of this Agreement does not and will not conflict with or
result in a breach of the terms or provisions of any indenture, agreement or instrument to which it is a party, or by which it is bound, or to which it is subject, or constitute a default thereunder. 

  
 4 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 2. Operator. Operator represents and warrants to Counterparty and Prior Operator, as
of the date hereof, as follows: 
 (a) Power and Authority; Authorization. Operator is a limited liability company, validly organized
and existing and in good standing under the laws of the State of Delaware and has full company power and authority to enter into and perform its obligations under this Agreement and the O&M Agreement. 

(b) Enforceability. Operator has duly authorized, executed and delivered this Agreement, and each of this Agreement and the O&M
Agreement is fully enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency and other laws affecting creditors’ rights and remedies generally and subject, as to enforceability, to general principles of
equity, including principles of commercial reasonableness, good faith and fair dealing (regardless of whether a proceeding is sought in equity or at law). 

(c) No Conflict. The execution, delivery and performance by Operator of each of this Agreement and the O&M Agreement, as
applicable, does not and will not contravene or conflict with any law, order, rule, regulation, writ, injunction or decree now in effect of any government, governmental instrumentality or court or tribunal having jurisdiction over it, or any
contractual restriction binding on or affecting it. 
 (d) Consents. All approvals and consents of third parties (including any
consents and approvals required pursuant to any agreements entered into by Operator, Guarantor, and/or any of their affiliates) required for Operator’s and Guarantor’s execution, delivery and performance of this Agreement (including the
transactions contemplated by Article II hereof) have been obtained and are in full force and effect, and all conditions to the effectiveness thereof have been waived or satisfied. 

(e) No Default. The execution, delivery and performance by Operator of this Agreement and the O&M Agreement, as applicable, does
not and will not conflict with or result in a breach of the terms or provisions of any indenture, agreement or instrument to which it is a party, or by which it is bound, or to which it is subject, or constitute a default thereunder. 

(f) Qualified Operator. Operator and Northstar each satisfy the definition of a Qualified Operator contained in this Section 2(f)
of Article V herein. “Qualified Operator” means any Person (or any Person and its Affiliates have on an aggregate basis) that (a) has owned or operated for a period of at least three (3) years utility scale solar power
generation facilities with an aggregate electricity output of at least two hundred fifty (250) MW DC (of which at least one hundred fifty (150) MW AC shall be solar power generation assets in the United States), and (b) has a
consolidated net equity under GAAP of at least Five Million Dollars ($5,000,000). “Affiliate” means, with respect to any Person, any other Person that, directly or indirectly through one or more intermediaries, Controls, is
Controlled by or is under common Control with such first Person. For the sake of clarity, “Control,” “Controlled by” or “under common Control with” means the possession, directly or indirectly, of either of the
following: (a) (i) in the case of a corporation, more than fifty percent (50%) of the outstanding securities with consent rights thereof; (ii) in the case of a limited liability company, partnership, limited partnership or joint venture,
the right to more than fifty percent (50%) of the distributions (including liquidating distributions) therefrom; 

  
 5 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 (iii) in the case of a trust or estate, including a business trust, more than fifty percent (50%) of the
beneficial interest therein; and (iv) in the case of any other entity, more than fifty percent (50%) of the economic or beneficial interest therein; or (b) in the case of any entity, the power to direct or cause the direction of management
and policies of such entity, whether through ownership of securities, partnership or other ownership interests, by contract or otherwise.) 

(g) Litigation. Neither Operator nor Northstar are engaged in litigation with any Person listed on Schedule A hereto. 

3. Counterparty. Counterparty represents and warrants to the other Parties, as of the date hereof and as of the Closing, as follows:

 (a) Power and Authority; Authorization. Counterparty is a limited liability company, validly organized and existing and in good
standing under the laws of the State of Delaware and has full power and authority to enter into and perform its obligations under this Agreement and the O&M Agreement. 

(b) Enforceability. Counterparty has duly authorized, executed and delivered this Agreement, and this Agreement is fully enforceable
against it in accordance with its terms, subject to applicable bankruptcy, insolvency and other laws affecting creditors’ rights and remedies generally and subject, as to enforceability, to general principles of equity, including principles of
commercial reasonableness, good faith and fair dealing (regardless of whether a proceeding is sought in equity or at law). 
 (c) No
Conflict. The execution, delivery and performance by Counterparty of this Agreement does not and will not contravene or conflict with any law, order, rule, regulation, writ, injunction or decree now in effect of any government, governmental
instrumentality or court or tribunal having jurisdiction over it, or any contractual restriction binding on or affecting it. 
 (d)
Consents. All approvals and consents of third parties (including any lender or any tax equity investor or other investor) required for its execution, delivery and performance of this Agreement (including the transactions contemplated by
Article II hereof) have been obtained and are in full force and effect, and all conditions to the effectiveness thereof have been waived or satisfied. 
  

	VI.	 Miscellaneous. 

1. Counterparts. This Agreement may be executed in one or more duplicate counterparts and by facsimile or other electronic delivery and
by different parties on different counterparts, each of which shall constitute an original, but all of which shall constitute a single document and when signed by all of the parties listed below shall constitute a single binding document. 

2. Severability. In case any one or more of the provisions contained in this Agreement should be invalid, illegal or unenforceable in
any respect, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby, and the parties hereto shall enter into good faith negotiations to replace the invalid, illegal or unenforceable
provision. 

  
 6 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 3. Governing Law. This Agreement shall be governed by and construed in accordance with
the laws of the State of New York, without giving effect to any choice or conflict of law provision or rule that would direct the application of the laws of any other jurisdiction. 

4. Headings. Paragraph headings have been inserted in this Agreement as a matter of convenience for reference only and it is agreed
that such paragraph headings are not a part of this Agreement and shall not be used in the interpretation of any provision of this Agreement. 

5. Reimbursement of Third-Party Costs. First Solar agrees to reimburse Counterparty and/or its affiliates for all reasonable and
documented third-party costs incurred by Counterparty and/or affiliates in connection with negotiation of this Agreement, the Bond, the NSPH Guaranty, and any consents or other agreements required in order for Counterparty to execute and accept the
foregoing agreements (collectively, “Third Party Costs”); provided that the aggregate value of Third Party Costs shall not exceed $50,000. 

[Signature Pages Follow] 
  

  
 7 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

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

			
	FIRST SOLAR ELECTRIC (CALIFORNIA,
INC.
		
	By:	 	 
		 	Name:
		 	Title:
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	FS ENERGY SERVICES (CA), LLC
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	FIRST SOLAR, INC.
		
	By:	 	 
		 	Name:
		 	Title:
		
	By:	 	 
		 	Name:
		 	Title:

 First Solar Proprietary & Confidential - Tax/Legal 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 
			
	AMERICAN KINGS SOLAR, LLC
		
	By:	 	 
		 	Name:
		 	Title:

 First Solar Proprietary & Confidential - Tax/Legal 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT 1 

FORM OF PARENT GUARANTY 
 see
attached 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Execution Version 

O&M PARENT GUARANTY AGREEMENT 

THIS GUARANTY (“Guaranty”), dated as of ____________, 2021, by NovaSource Power Holdings, Inc., a Delaware corporation
(“Guarantor”), to and for the benefit of American Kings Solar, LLC, a Delaware limited liability company and its successors and assigns (“Beneficiary”). All capitalized terms, unless defined herein, shall have the
meanings set forth in the Guaranteed Document (as defined below). 
  

	1.	 Guaranty. For valuable consideration, Guarantor unconditionally guarantees, as primary obligor not
merely as surety, payment to Beneficiary, of all amounts owed to Beneficiary by FS Energy Services (CA), LLC (“Principal”) under that certain Operations and Maintenance Agreement (the “O&M Agreement”) effective
June 30, 2020 by and between First Solar Electric (California), Inc. (“FSE”) and Beneficiary (as the same has been novated by FSE to Principal pursuant to that certain Novation and Release Agreement dated ____________, 2021, by
and among First Solar, Inc., FSE, Beneficiary and Principal) (the “Guaranteed Document”), and of the performance of all obligations of Principal under the Guaranteed Document, including, for the avoidance of doubt, any such
obligations arising or accruing prior to the date hereof (such payment and performance obligations, the “Obligations”). The liability of Guarantor hereunder is a continuing guaranty of payment and performance and not of collection,
without regard to whether such payment or performance is contingent or absolute, liquidated or unliquidated, or whether recovery may be or has become barred by any statute of limitations or otherwise may be unenforceable. It shall not be a condition
to Guarantor’s obligations hereunder that Beneficiary shall have exercised any right against Principal or any other Person. Guarantor covenants to Beneficiary that if at any time Principal should default in the payment or performance when due
and observance when due of, or should commit a breach of any of the Obligations, Guarantor shall, promptly and not less than ten (10) business days after receipt of written notice from Beneficiary and after giving effect to all notice and grace
periods contemplated in the Guaranteed Document, pay or perform in Principal’s stead, or cause the payment or performance of, such Obligations. 

  

	2.	 Guaranty Limit. Guarantor’s aggregate liability under this Guaranty shall be limited in the same
manner as the Principal’s aggregate liability is limited under the O&M Agreement as set forth in Section 10.1 of the O&M Agreement. In addition to the amounts for which payment is guaranteed hereunder, Guarantor
agrees to pay reasonable attorneys’ fees and all other costs and expenses incurred by Beneficiary in enforcing this Guaranty or any action or proceeding arising out of or relating to this Guaranty. 

 

	3.	 Guaranty Absolute. The obligations of Guarantor hereunder shall be irrevocable, absolute and
unconditional, and shall remain in full force and effect until such time as set forth in Section 4 hereof. The obligations of Guarantor shall not be affected, modified or impaired or prejudiced (x) by any other security now or hereafter
held by Beneficiary as security for the Obligations; or (y) upon the happening from time to time of any one or more of the following whether or not with notice to or consent of the Principal (except to the extent that the Principal’s
consent may be required to effectuate a modification of the Guaranteed Document) or Guarantor: 

  

	 	(a)	 the compromise, settlement, release, change, modification, or termination of any of the Obligations;

  
 1 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

	 	(b)	 the waiver by Beneficiary of the payment, performance, or observance of any of the Obligations;

  

	 	(c)	 the extension of time for payment of any amounts due or of the time for payment or performance of any of the
Obligations (provided that the Guarantor will have the benefit of any such extension); 

  

	 	(d)	 the modification or amendment (whether material or otherwise) of any of the Obligations; 

 

	 	(e)	 the failure, omission, delay or lack on the part of Beneficiary to enforce, ascertain or exercise any right,
power or remedy under or pursuant to the terms of the Guaranteed Document or this Guaranty; 

  

	 	(f)	 (i) the fact that Guarantor may at any time in the future, directly or indirectly, dispose of all or any part
of its interest in the Principal, or otherwise alter its investment in such Principal in any manner or (ii) any change of ownership in the Principal; 

  

	 	(g)	 the bankruptcy, insolvency, winding up, dissolution, liquidation, administration, reorganization or other
similar or dissimilar failure or financial disability of the Principal or Guarantor or any legal limitation, disability, incapacity or other circumstances relating to the Principal or Guarantor; 

 

	 	(h)	 the addition, substitution or partial or entire release of any guarantor, maker or other party (including the
Principal) primarily or secondarily liable or responsible for the payment, performance, or observance of any of the Obligations or by any extension, waiver, amendment or thing whatsoever which may release a guarantor (other than payment or
performance); 

  

	 	(i)	 the invalidity, nonbinding effect or unenforceability (other than as a result of any breach by Beneficiary of
any of its obligations under the O&M Agreement) of (x) any of the Obligations or (y) the Guaranteed Document in its entirety; or 

  

	 	(j)	 the taking, variation, renewal, addition, substitution, subordination, or partial or entire release of any
security for the payment, performance, or observance of any of the Obligations or the enforcement or neglect to perfect or enforce any such security. 

  

	4.	 Termination. The term of this Guaranty shall continue until the indefeasible payment or satisfaction of
all obligations of the Principal under the Guaranteed Document; provided, that Guarantor’s liability hereunder shall survive solely with respect to any claims made by Beneficiary under this Guaranty prior to such termination. Notwithstanding
the forgoing provision of this Section 4, this Guaranty shall be reinstated if at any time following the termination of this Guaranty under Section 4, any payment prior to such termination by Guarantor or the Principal under this Guaranty
or the Guaranteed Document or pursuant 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 hereto or thereto is rescinded or must otherwise be returned by Beneficiary upon the
insolvency, bankruptcy, reorganization, dissolution or liquidation of the Principal or Guarantor all as though such payment had not been made. Such period of reinstatement shall continue until satisfaction of the conditions contained in, and shall
continue to be subject to, the provisions of this Section 4. 
  

	5.	 Waiver of Subrogation. Guarantor irrevocably and absolutely waives any and all right of subrogation,
contribution, indemnification, reimbursement or similar rights against the Principal with respect to this Guaranty until the payment, performance, or satisfaction of the obligations of the Principal under the Guaranteed Document indefeasibly in
full, it being the intention of the Parties that Guarantor shall not be deemed to be a “creditor” (as defined in Section 101 of the Bankruptcy Code or any other applicable law) of Principal by reason of the existence of this Guaranty
in the event that Principal becomes a debtor in any proceeding under the Bankruptcy Code or any other applicable law. In addition, Guarantor will not exercise any rights which it may acquire by way of subrogation under this Guaranty by any payment
made hereunder or otherwise, until all of the obligations of the Principal to Beneficiary under the Guaranteed Document shall have indefeasibly been paid, performed, or satisfied in full. 

 

	6.	 Bankruptcy. 

  

	 	(a)	 The obligations of Guarantor under this Guaranty shall not be altered, limited or affected by any proceeding,
voluntary or involuntary, involving the winding up, dissolution, administration, bankruptcy, reorganization, insolvency, receivership, liquidation or arrangement or similar proceeding of the Principal, or by any defense which the Principal may have
by reason of any order, decree or decision of any court or administrative body resulting from any such proceeding. 

  

	 	(b)	 Should the Guaranteed Document be disaffirmed by a trustee in bankruptcy for the Principal, Guarantor shall, at
the option of Beneficiary and to the extent permitted by applicable law, make and enter into a new agreement pursuant to which Guarantor shall pay or perform or cause to be paid or performed the balance of the Obligations. 

 

	7.	 Certain Waivers. Guarantor, except as expressly set forth in this Guaranty, hereby waives and
relinquishes all rights and remedies accorded by applicable law to sureties or guarantors and, except as expressly set forth in this Guaranty, agrees not to assert or take advantage of any such waived and relinquished rights or remedies, including:

  

	 	(a)	 any right to require Beneficiary to proceed against or exhaust any security held by Beneficiary before
proceeding against Guarantor; 

  

	 	(b)	 any defense that may arise by reason of the incapacity, lack of authority, death or disability of any other
person or the failure of Beneficiary to file or enforce a claim against the estate (in administration, bankruptcy or any other similar proceeding) of any other person; 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

	 	(c)	 except as expressly contemplated herein demand, presentment, protest and notice of any kind, including without
limitation notice of the existence, creation or incurring of any new or additional obligation or of any action or non-action on the part of the Principal or Beneficiary (other than a breach by Beneficiary of
any of its obligations under the applicable Guaranteed Document); 

  

	 	(d)	 any defense based upon an election of remedies by Beneficiary which destroys or otherwise impairs the
subrogation rights of Guarantor, the right of Guarantor to proceed against the Principal for reimbursement, or both; 

  

	 	(e)	 any duty on the part of Beneficiary to disclose to Guarantor any facts Beneficiary may now or hereafter know
about the Principal, regardless of whether Beneficiary has reason to believe that any such facts materially increase the risk beyond that which Guarantor intends to assume, or has reason to believe that such facts are unknown to Guarantor, or has a
reasonable opportunity to communicate such facts to Guarantor, since Guarantor acknowledges that Guarantor is fully responsible for being and keeping informed of the financial condition of the Principal and of all circumstances bearing on the risk
of non-payment of any Obligations hereby guaranteed; 

  

	 	(f)	 any defense arising because of Beneficiary’s election, in any proceeding instituted under the Bankruptcy
Code, of the application of Section 1111(b)(2) of the Bankruptcy Code; 

  

	 	(g)	 any defense based upon any borrowing or grant of a security interest under Section 364 of the Bankruptcy
Code; 

  

	 	(h)	 demands, diligence, presentment, notices and any other circumstances which might otherwise constitute a legal
or equitable discharge or defense of a guarantor (other than performance of and/or compliance with the terms of such Obligations by the Guarantor and/or the person whose performance and compliance is being guaranteed); 

 

	 	(i)	 all rights, setoffs, counterclaims and defenses to which the Principal is or may be entitled under the
Guaranteed Document arising from or out of the Guaranteed Document or at law or in equity; and 

  

	 	(j)	 any defense based upon 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 that of a principal. 

  

	8.	 Governing Law. This Guaranty shall in all respects be interpreted, construed and governed by and in
accordance with, the internal, substantive laws of the State of New York, excluding any of its conflict of law provisions that would require the application of the laws of another jurisdiction, and its provisions may not be waived, altered, modified
or amended except in writing executed by an officer of each of Guarantor and Beneficiary. If any provision of this Guaranty is held invalid under the laws of New York, this Guaranty shall be construed as though the invalid provision has been
deleted, and such whole or partial invalidity shall not affect the enforceability or validity of the balance of this Guaranty. 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

	9.	 Representations of Guarantor. Guarantor hereby represents and warrants that (i) the execution,
delivery and performance of this Guaranty by Guarantor have been duly authorized by all requisite action; (ii) this Guaranty constitutes the legal, valid and binding obligation of Guarantor enforceable against it in accordance with its terms,
except as such enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting creditors’ rights generally and by general equitable principles; (iii) the execution, delivery and performance of this Guaranty
will not (a) violate or conflict with any material provision of the organizational documents of Guarantor; (b) materially violate any applicable law, or legally binding governmental restriction of any governmental entity; or
(c) materially violate or result in a material breach of any agreement, contract, lease, license, instrument, security or other arrangement to which Guarantor or any of its Affiliates is a party or by which it or any of its property is bound;
and (iv) no litigation, investigation or proceeding of or before any arbitrator or governmental authority is pending or, to Guarantor’s knowledge, threatened against the Guarantor which, if adversely determined, would be reasonably likely
to affect, impair or diminish the validity or enforceability of this Guaranty. 

  

	10.	 Consent to Jurisdiction and Waiver of Jury Trial. 

 

	 	(a)	 Any action, suit or proceeding by or between the Parties under or relating to this Guaranty shall be brought
exclusively in whichever of the state or federal courts located in the County of New York, State of New York, has subject matter jurisdiction over the dispute (or, if such courts do not accept jurisdiction, then in any federal or state court in the
United States of competent jurisdiction). Each of the Parties hereby (i) waives any objection which Guarantor may now or hereafter have regarding the choice of forum whether on personal jurisdiction, venue, forum non conveniens or on any
other ground, (ii) irrevocably consents that it is subject to the personal jurisdiction of the state or federal courts located in the County of New York, State of New York, and (iii) irrevocably consents to the service of process outside
of the territorial jurisdiction of such courts by nationally recognized courier service or by mailing copies thereof by registered or certified United States mail, postage prepaid, to Guarantor’s last designated address pursuant to
Section 15 with the same effect as if Guarantor were a resident of the State of New York and had been lawfully served in such state. Nothing in this Guaranty shall affect the right to service of process in any other manner permitted by law.

  

	 	(b)	 EACH OF THE PARTIES TO THIS GUARANTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY. 

  

	11.	 No Waiver of Rights By Beneficiary. No right or power of Beneficiary under this Guaranty shall be deemed
to have been waived by any single or partial act or conduct on the part of Beneficiary, or by any neglect to exercise a right or power, or by any delay in doing so, and every right or power of Beneficiary hereunder shall continue in full force and
effect until specifically waived or released in a written document executed by Beneficiary. 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

	12.	 Prohibition on Assignment. This Guaranty shall inure to the benefit of and be binding upon the Parties
and their respective successors and permitted assigns; provided, that no party shall be entitled to assign this Guaranty or any of its rights or obligations under this Guaranty without the prior written consent of the other party, which may be
withheld in its sole and absolute discretion. 

  

	13.	 Construction. Each of Guarantor and Beneficiary are represented by legal counsel. The terms of this
Guaranty and the language used in this Guaranty shall be deemed to be the terms and language chosen to express the mutual intent of Guarantor and Beneficiary. This Guaranty shall be construed without regard to any presumption or rule requiring
construction against the party causing such instrument or any portion thereof to be drafted, or in favor of the party receiving a particular benefit under this Guaranty. No rule of strict construction will be applied against any person.

  

	14.	 Notice. Any notice given hereunder by Guarantor or Beneficiary shall be in writing and shall be served
by (i) personal delivery, (ii) by mailing copies thereof by registered or certified United States mail, postage prepaid, (iii) by nationally recognized courier services or (iv) by electronical mail and shall be addressed as
follows below. Such notice shall be effective upon actual receipt if received during the recipient’s normal business hours, or at the beginning of the recipient’s next Business Day after receipt if receipt is outside of the
recipient’s normal business hours. Guarantor or Beneficiary may periodically change any address to which notice is to be given it by providing notice of such change as provided herein. 

For Guarantor: 

NovaSource Power Holdings, Inc. 

9430 Research Blvd, Suite 250 

Austin, TX 78759 

Attn: Keith Muncy 

Email: Keith.Muncy@novasourcepower.com 

For Beneficiary: 

American Kings Solar, LLC 

c/o The Renewable Power Group of 

Goldman Sachs Asset Management 

200 West St., 3rd Fl. 

New York, NY 10282 

Attn: Patrick McAlpine 

Email: patrick.mcalpine@gs.com 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 With a copy to: 

Goldman Sachs Asset Management, L.P. 

200 West St., 15th Fl. 

New York, NY 10282 

Attn: General Counsel 
  

	15.	 Condition to Effectiveness. The effectiveness of this Guaranty shall be subject to the occurrence of the
Closing (as defined in that certain Membership Interest Purchase Agreement, dated as of August 5, 2020, by and among First Solar, Inc. and Northstar Energy Management, LLC, as the same may be amended or amended and restated from time to time).

  

	16.	 Counterparts. This Guaranty may be executed in counterparts (and by different parties to this Guaranty
in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Guaranty shall become effective when it has been executed by the each of the parties to this
Guaranty. Delivery of an executed counterpart of a signature page of this Guaranty by facsimile or electronic mail, including portable document format (“.pdf”) shall be effective as delivery of a manually executed counterpart of this
Guaranty. 

  

	17.	 Continuing Guaranty. This Guaranty is a continuing guaranty, and shall apply to all Obligations whenever
arising. Each and every default or failure of Principal in making a payment set forth in the Guaranteed Document or otherwise discharging or performing any of the Obligations shall give rise to a separate liability of Principal to Beneficiary and a
separate cause of action hereunder and a separate suit may be brought hereunder as each liability or cause of action arises. Beneficiary shall have the right, in its sole judgment and discretion, from time to time, to make demand for payment or
performance and to proceed against Guarantor for recovery of the total of any and all amounts then due, or for the performance of any nonmonetary obligation then owed, to Beneficiary pursuant to this Guaranty as and when the same are due under the
terms hereof, or to proceed from time to time against Guarantor for such portion of any and all such amounts, or for the performance of any and all such nonmonetary obligations, as Beneficiary may determine. 

 

	18.	 Payments. Any payments owed by Guarantor to Beneficiary shall be made in the United States Dollars, via
wire transfer to an account designated in writing by Beneficiary in immediately available funds, and shall be paid within ten (10) business days after receipt by Guarantor from Beneficiary of written demand for such payment and after giving
effect to all notice and grace periods contemplated in the Guaranteed Document and shall not be the subject of any offset against any amounts which may be owed by Beneficiary to Guarantor or Principal. 

 

	19.	 Remedies. If Principal fails to discharge its obligations when due, the Beneficiary may at any time and
from time to time, at Beneficiary’s option, and so long as Principal has failed to perform any of its obligations, take any and all actions available hereunder or under applicable law to enforce Guarantor’s obligations hereunder in respect
of such Obligations, subject to the terms and conditions of this Guaranty. 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

	20.	 Specific Performance. It is expressly understood and agreed by Guarantor that to the extent
Guarantor’s obligations hereunder relate to Obligations which require performance other than the payment of money, Beneficiary may proceed against Guarantor to effect specific performance thereof (to the extent such relief is available) or for
payment of damages resulting from Principal’s or FSE or any of its affiliates’ non-performance. 

  

	21.	 Amendment. This Guaranty may not be amended, supplemented, waived, or modified except by an instrument
in writing signed by each Party. 

  

	22.	 Entire Agreement. This Guaranty constitutes the entire agreement and supersedes all prior agreements and
understandings, both written and oral, between the Parties with respect to the subject matter hereof. 

  

	23.	 Headings. The headings of this Guaranty are for convenience only, and shall be deemed not to be a part
of this Guaranty not to affect the interpretation hereof. 

 [Signature page follows.] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 IN WITNESS WHEREOF, Guarantor has duly executed and delivered this Guaranty as of the
         day of                 , 2021. 
  

 

			
	NovaSource Power Holdings, Inc.
		
	By:	 	 
		 	Name: Keith Muncy
		 	Title: Chief Financial Officer

 ACKNOWLEDGED AND AGREED as of the date written above. 

 

			
	American Kings Solar, LLC
		
	By:	 	 
		 	Name:
		 	Title:

  
 [O&M Parent
Guaranty] 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 EXHIBIT 2 

FORM OF SURETY BOND 
 see
attached 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 SURETY BOND 

KNOW ALL MEN BY THESE PRESENTS, that we, Northstar Energy Management, LLC, as “Principal,” and Aspen American Insurance Company, a
corporation organized under the laws of the State of Texas, as “Surety,” are held and firmly bound unto American Kings Solar, LLC, as “Obligee,” in the penal sum of Five Hundred Thousand Dollars ($500,000) (the
“Bond Amount”), lawful money of the United States, to the payment of which well and truly to be made we hereby bind ourselves and our heirs, administrators, successors, and assigns, jointly and severally, firmly by these presents.

 WHEREAS, First Solar Electric (California), Inc. entered into a contract with Obligee for the provision of operation and maintenance services dated
June 30, 2020 (the “Contract”); 
 WHEREAS, the Contract has been undertaken by FS Energy Services (CA), LLC through an assignment and
novation agreement (“Novation Agreement”); and 
 WHEREAS pursuant to that Novation Agreement the Principal is required to post this bond
to the Obligee covering the operation and maintenance work pursuant to the Contract. 
 NOW, THEREFORE, if the Principal shall comply with and faithfully
perform its obligations under the terms of the Contract, including payment of sums due under the Contract then this bond shall be null and void, otherwise this bond shall remain in full force and effect. 

PROVIDED HOWEVER, that this bond is subject to the following expressed conditions: 
  

	1.	 This bond shall be effective on the “Closing” of the transactions under that certain Membership
Interest Purchase Agreement, dated as of August 5, 2020 by and among First Solar, Inc. and Principal, (the “Closing”) and expire on the earliest to occur of (i) the 27th month anniversary of the Closing or (ii) the
expiry or termination of the Contract (the “Effective Term”). 

  

	2.	 The bond may only be extended for additional one-year terms by
continuation certificate executed by the Surety, which may extend the Effective Term of the bond. 

  

	3.	 Neither non-renewal by the Surety, nor failure, nor inability of the
Principal to file a replacement bond shall constitute a loss to the Obligee recoverable under this bond. 

  

	4.	 Should the Principal post with the Obligee a replacement security, in a form acceptable to the Obligee for the
full amount as then required, the Surety is automatically released from the obligations under this surety bond upon the date of acceptance of said replacement security. 

 

	5.	 In no event shall the Surety’s liability hereunder exceed the penal sum set forth above, regardless of any
extensions or renewals by continuation certificate or otherwise, it being understood that the Surety’s liability shall not be cumulative. 

  

	6.	 Notwithstanding any of the foregoing clauses, this bond shall only apply to claims which arise during an
Effective Term of the bond (as may be extended as set forth above). 

  

	7.	 Whenever the Principal shall be, and is declared by the Obligee to be, in default under the Contract, the
Obligee shall notify the Surety in writing of said default (the “Claim Notice”). The 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

	 	Claim Notice shall set forth the amount for which the Principal is liable to Obligee pursuant to the Contract with an acknowledgement by the Obligee that the Principal has failed to remedy such default within the time
frame set forth within the Contract (the “Claim Amount”). Surety shall within twenty (20) business days after receipt of such Claim Notice, pay Obligee the Claim Amount set forth therein up and to the Bond Amount. For the
avoidance of doubt, multiple claims may be made under this bond, so long as such claims arose during the Effective Term of the Bond, subject to clause 8 below, subject to the penal sum set forth above. 

 

	8.	 No claim, action, suit or proceeding, except as herein set forth, shall be had or maintained against the Surety
on this bond unless same be brought or instituted and process served upon the Surety within six (6) months following the expiration of the term of this bond (as such term may be extended, as provided herein). 

 

	9.	 The obligations of Surety under this bond shall not be reduced, modified or impaired upon the occurrence of any
of the following events: (a) any change, modification or amendment of any obligation of any party under the Contract, whether notified to Surety or not; (b) any failure, omission, delay by or inability on the part of Obligee to assert or
exercise any right, power or remedy conferred upon Obligee under the Contract; or (c) the voluntary or involuntary liquidation, dissolution, sale or other disposition of all or substantially all of any of Principal’s assets, the
receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization of, or similar proceedings affecting Principal or any of the assets of Principal. 

 

	10.	 This bond shall be governed by and construed in accordance with the laws of the State of New York, without
regard to its conflicts of laws provisions. The parties hereto agree that all disputes arising out of or relating to this Agreement shall be finally adjudicated through litigation in the state or federal courts located in New York, New York. Each
party irrevocably submits to the jurisdiction of such courts and waives its right to any jurisdictional defense that such litigation is brought in an inconvenient forum; provided, however, that if such courts do not accept jurisdiction, then such
suits, action or proceeding may be brought in any state or federal court of competent jurisdiction in the United States. TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW, EACH PARTY HERETO WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN
RESPECT OF ANY DISPUTE ARISING OUT OF OR RELATING TO THIS BOND. 

  

	11.	 Neither Surety nor Principal may assign or delegate any of its respective rights or obligations under this bond
to any third party without the prior written consent of Obligee. 

  

	12.	 Notices to Obligee, Principal or Surety shall be mailed or delivered by traceable overnight courier, registered
or certified mail, unless the recipient has acknowledged receipt by email, addressed to: 

 If to Obligee: 

American Kings Solar, LLC 
 c/o
The Renewable Power Group of 
 Goldman Sachs Asset Management 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 200 West St., 3rd Fl. 

New York, NY 10282 
 Attn: Patrick
McAlpine 
 Email: patrick.mcalpine@gs.com 

With a copy to: 
 Goldman Sachs
Asset Management, L.P. 
 200 West St., 15th Fl. 

New York, NY 10282 
 Attn: General
Counsel 
 If to Principal: 

Northstar Energy Management, LLC 

9430 Research Blvd, Suite 250 

Austin, TX 78759 
 Attn: Keith
Muncy 
 Email: Keith.Muncy@novasourcepower.com 

If to Surety: 
 Aspen Insurance

 175 Capital Blvd., Suite 100 

Rocky Hill, CT 06067 
 Email:
crumandforsternol@cfins.com 

  

 CONFIDENTIAL TREATMENT REQUESTED 

PURSUANT TO 17 C.F.R. SECTION 200.83 
  

 Signed, sealed and dated this _______ day of ________, 2021. 

 

			
		
	BY	 	 
		 	 Principal

  

			
		
	BY	 	 
		 	 Surety

 Acknowledged and agreed this _______ day of ________, 2021. 

 

			
		
	BY	 	 
		 	 Obligee

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