Document:

capl-ex101_6.htm

Exhibit 10.1

Certain identified information has been omitted from this exhibit because it is both (i) not material and (ii) would likely cause competitive harm to the Registrant if publicly disclosed. Such omitted information is indicated by brackets (“[**]") in this exhibit.

 

 

FINAL EXECUTION VERSION

 

SUB-JOBBER AGREEMENT

 

(Branded and Unbranded Motor Fuel)

 

 

SUB-JOBBER AGREEMENT, dated as of May 21, 2019 (this "Agreement"), between Circle K Stores Inc., a Texas corporation ("Seller"), and Lehigh Gas Wholesale LLC, a Delaware limited liability company ("Purchaser").

 

RECITALS:

 

A.Seller and Purchaser's parent company, CrossAmerica Partners LP, a Delaware limited partnership ("CrossAmerica"), are parties to the Asset Exchange Agreement, dated as of December 17, 2018 (as amended from time to time, the "Exchange Agreement"), pursuant to which, among other things, Seller has agreed to assign to CrossAmerica certain convenience stores and related assets owned by Seller (referred to herein as the "Stations") at a series of separate Closings (as defined in the Exchange Agreement) over a period of approximately two years.  It is a condition to the first Closing that Seller and Purchaser shall have entered into this Agreement.

 

B.Seller desires to sell to Purchaser, and Purchaser desires to purchase from Seller, branded and unbranded motor fuels for resale to the motoring public at the Stations, upon the terms and conditions set forth in this Agreement.

 

NOW, THEREFORE, in consideration of the premises and the respective covenants and agreements contained herein, the parties hereto hereby agree as follows:

 

1.Sale and Purchase of Products.

 

(a)After each Closing with respect to a Station and during the Term (as defined in Section 2 below), Seller shall sell and deliver to Purchaser, and Purchaser shall purchase, receive and pay for, branded and unbranded motor fuels ("Products") for ultimate resale at such Station of the kinds and grades and under the terms and conditions specifically set forth in Commodity Schedule(s) annexed hereto and made a part hereof, and upon the other terms and conditions set forth in this Agreement.  Branded Products shall be sold under the trademarks, service marks, trade names, brand names, trade dress, logos, color patterns, color schemes, design schemes, insignia, image standards or other brand identifications (the "Proprietary Marks") set forth in Commodity Schedule applicable to such Station.  Each of Seller's suppliers of branded Products under the Proprietary Marks (and their respective successors and assigns) is referred to herein as a "Supplier".  Seller shall have the right at its sole discretion at any time during the Term of this Agreement to (i) change, alter, amend or 

 

 

eliminate any of the trade names, trademarks or brands of Products covered by this Agreement, (ii) change or alter the quality, grade, or specifications of any Products covered by this Agreement or (iii) discontinue the availability of any such Products, in each case to the extent required by any Supplier.

 

(b)Each Commodity Schedule shall be in substantially the form attached hereto as Exhibit A.  Commodity Schedules covering all of the Stations acquired by Purchaser at the first Closing, are affixed hereto.  Upon each subsequent Closing, this Agreement shall be amended by agreement of Seller and Purchaser to add additional Commodity Schedules covering all of the Stations acquired by Purchaser at such Closing.  Seller and Purchaser may also amend this Agreement from time to time by adding other or additional schedules, substituting revised schedules or by deleting one or more items or provisions from any Commodity Schedule.  Additional and revised schedules shall be so marked and initialed by an authorized representative of Seller and by Purchaser and shall be affixed to and become a part of this Agreement from and after the date appearing on such additional or revised schedule(s).  Deletions shall be by notice given as provided herein and effective when accepted.  

 

2.Duration/Term.

 

This Agreement shall be for a term beginning on the date hereof and expiring at 5:00 P.M., Eastern time, on the fifth anniversary of the date of this Agreement (the "Term"); provided, that this Agreement may be terminated prior to the expiration of the Term as provided for herein.  Seller shall have the right to grant temporary extensions of this Agreement of up to 180 days per extension.  Any such extension shall not be considered a renewal of this Agreement.

 

3.Quantity.

 

Seller agrees to sell to Purchaser, and Purchaser agrees to purchase from Seller, all of the Stations' requirements for the Products covered by this Agreement; provided, however, that (a) Purchaser shall not be required to purchase any minimum or maximum quantity of Products, (b) during any period for which the amount of any Products that Seller is required to sell to Purchaser is prescribed by law, or becomes subject to an allocation by Supplier, the quantity of such Products covered by this Agreement shall be the quantity so prescribed or allocated and (c) in the event of any complete suspension of this Agreement, Purchaser shall be permitted to purchase Products from another source other than Seller during such period of suspension.

 

4.Price.

 

(a)The prices of the Products covered by this Agreement with respect to each Station shall be as stated in the applicable Commodity Schedule.  As set forth on Exhibit A hereto, the intent of the parties is that the prices of Products to be set forth on the applicable Commodity Schedules will be [**].  In the event of a change of the Supplier to a Station pursuant to Section 13(b) hereof, or in the event of any de-branding of a Station to an unbranded Station, the applicable Commodity Schedule will be amended to reflect the change and the prices of Products to be set forth on the amended Commodity Schedule will be the same as the prices then being paid by other Stations supplied with Product of the same Supplier from the same delivery point; provided, that if there are no other Stations then being supplied by the same Supplier from the same delivery point, the prices 

-2-

 

 

of Products to be set forth on the amended Commodity Schedule will be substantially equivalent to the prices then being paid by Seller at the applicable delivery point under Seller's fuel supply agreements with the applicable Supplier that are in place as of that date (established as the relevant branded or unbranded rack price for the applicable terminal, plus or minus a differential to achieve the equivalent cost of Product as described on Exhibit A hereto).

 

(b)Purchaser shall pay by Electronic Funds Transfer ("EFT") (or other means approved by Seller) for all goods delivered to Purchaser by Seller under the terms of this Agreement.  Except as otherwise set forth in Section 7 hereof at such times when credit has been extended by Seller, payment shall be made at the time of delivery.

 

(c)Where Seller requires payment via EFT, Purchaser will establish a commercial account with a financial institution that provides EFT services and will authorize Seller to initiate transfers of funds between Purchaser's account and Seller's accounts for payment of all amounts due to Seller under this Agreement.  Purchaser shall not use, or permit to be used, said commercial account for personal, family, or household purposes.  Purchaser will provide Seller with all information and authorization necessary to debit and credit Purchaser's account.  Purchaser shall maintain at all times funds in its account sufficient to make payments to Seller at the time of the EFT transaction.  Should any EFT transaction be rejected by Purchaser's financial institution for Purchaser's failure to maintain sufficient funds in Purchaser's account, in addition to any rights Seller may have under this Agreement or the law, Seller may collect a service charge for each occurrence of such rejection, whether or not payment is subsequently paid by Purchaser, and Seller may, at its sole discretion, require that subsequent payments be made by means of cash, certified or cashier's check, money order, or other means satisfactory to Seller upon, or prior to, the delivery of products purchased hereunder.  Purchaser shall indemnify, defend and hold Seller harmless for any losses, costs, or damages arising out of any breach or violation of this subsection (c).

 

(d)If at any time Seller shall reasonably determine that the financial responsibility of Purchaser has become impaired or unsatisfactory to Seller, or should Purchaser be in arrears in its accounts with Seller (beyond any period of grace set forth herein), Seller may require, as a condition of making further deliveries under this Agreement, payment by Purchaser of all past due accounts and cash payment upon, or prior to, all future deliveries.

 

5.Price Regulation.

 

(a)If at any time Seller determines that, due to governmental regulations, it is unable to increase the price of any of the Products deliverable under this Agreement by an amount which is sufficient in Seller's judgment to reflect increases in the cost of such Products to Seller or Seller's Supplier which have occurred since the date of this Agreement or the date of the last increase in the price of such Products whichever is later, Seller, at its option, may terminate this Agreement upon thirty (30) days' written notice to Purchaser, or may suspend this Agreement while such limitation is in effect.

 

(b)Notwithstanding any other provision of this Agreement, if any state or local law, rule, regulation, or order (i) regulating the price at which any Products to be delivered hereunder 

-3-

 

 

may be sold and which makes the price at which Product is being sold to Purchaser  hereunder a violation of such regulation, or (ii) prohibiting Seller to sell Products to Purchaser under the terms of this Agreement, in either case, becomes effective during the Term in any state in which such Products is to be delivered hereunder, Seller shall have the right to terminate this Agreement immediately solely with respect to the Stations in such state that would receive Product in violation of such state or local law, rule, regulation or order.

 

6.Control of Retail Pricing, Etc.

 

Purchaser is an independent business with the exclusive right to direct and control its business operations, including the establishment of the prices at which products and merchandise are sold.  Seller reserves no control over the Purchaser's business pursuant to this Agreement.

 

7.Credit.

 

Payment for Products shall be made within five (5) days of delivery; provided, that the extension of credit to Purchaser hereunder shall be subject to the terms and conditions of Sections 4(b) and 4(c) and the following:

 

(a)In the event payment is not made on or before the due date, a late payment charge in an amount established by Seller from time to time, not to exceed the maximum allowed by law, may be imposed for each month (and any part thereof) which elapses from due date to the date payment is received by Seller.  Seller's right to collect a late payment charge does not operate as a waiver against Seller's right of termination of this Agreement or of any other right that Seller may have at law or in equity. 

 

(b)Seller will furnish to Purchaser statements of Purchaser's account upon Purchaser's reasonable request.  Payment of any bills or statements shall not prejudice the right of Purchaser to question the correctness thereof; provided, however, that all bills and statements rendered to Purchaser by Seller during any month shall conclusively be presumed to be true and correct after thirty (30) days following the end of any such month, unless within said thirty (30) day period Purchaser delivers to Seller written exception thereto setting forth the item or items questioned and the basis therefor.  Time is of the essence in complying with this provision. 

 

(c)If there are additional business transactions between Purchaser and Seller, including without limitation those relating to credit sales of products other than those identified herein, promissory notes, or real estate, unless it is clearly indicated in writing by Purchaser as to how payments received by Seller from Purchaser are to be applied, then such payments shall be applied by Seller in the following order or priority:  (i) trade accounts, (ii) promissory notes, then (iii) rentals or other amounts due under any other agreement or transactions.

 

(d)Seller reserves the right to withdraw such credit, or modify the terms and conditions of such credit, immediately at any time on giving to Purchaser notice thereof if at any time (i) Seller reasonably determines that the financial responsibility of Purchaser has become impaired or unsatisfactory to Seller, or (ii) Purchaser is in arrears in its accounts with Seller beyond any period of grace set forth herein.  If credit is withdrawn, all amounts then due and owing shall become payable, 

-4-

 

 

and all future sales by Seller to Purchaser shall be for certified or cashier's check, money order or other means approved by Seller, payable upon, or prior to, delivery of Product purchased hereunder.

 

(e)Seller shall have the right but not the obligation to offset any indebtedness owed by Seller or its affiliates to Purchaser or its subsidiaries, against any indebtedness owed by Purchaser or its subsidiaries to Seller or its affiliates, whether arising from the sale of goods or products under this Agreement, or from any other business transaction described in subsection (c) above.

 

(f)In order to secure payment of all Purchaser's present and future indebtedness owed by Purchaser to Seller at any time during the Term of this Agreement, Purchaser hereby grants to Seller a security interest and/or a purchase money security interest in (i) all of Purchaser's inventory of petroleum products purchased from Seller, regardless of when purchased, (ii) all accounts receivable owing to Purchaser with respect to such petroleum products regardless of when or how incurred, and (iii) all proceeds of such inventory and accounts receivable.  Purchaser shall sign all financing statements and renewals as necessary to provide public record of this security interest.  In the event of insolvency of Purchaser, assignment for benefit of creditors, the institution of bankruptcy, insolvency, reorganization, receivership, debt adjustment, or liquidation proceedings, by or against Purchaser, or failure of Purchaser to perform any of the obligations of payment in accordance with the terms of payment established by Seller from time to time, Seller shall have the option without notice or demand upon Purchaser to declare an event of default under the Uniform Commercial Code, and upon any such default, Seller may declare all of Purchaser's indebtedness to Seller immediately due and payable.  Thereafter Seller may proceed to enforce payment and may exercise any and all rights available to it.

 

(g)Seller reserves the right, in its sole discretion, to require from Purchaser from time to time a security deposit, letter of credit, personal guaranty and/or other forms of security acceptable to Seller to secure Purchaser's obligations under this Agreement or any other contract or agreement between Seller and Purchaser.

 

8.Credit Cards.

 

(a)Purchaser acknowledges that Seller is required by the Suppliers to participate in and comply with, and is required to assure that Purchaser and its Dealer-Customers (as hereinafter defined) participate in and comply with, the requirements of the respective Suppliers' credit card programs including the right and obligation to accept credit cards issued or accepted by the Suppliers (and including any fees payable to the Suppliers in connection therewith as specified by the Suppliers from time to time).  Accordingly, during the Term, Purchaser shall, and shall cause each Station to, honor each applicable Supplier's proprietary credit cards and all major credit cards identified in such Supplier's credit card guide (each a "Card Guide") as an authorized card for purchases made at such Stations, provided that such sales are made in accordance with the terms and conditions of the Card Guide.  Purchaser specifically acknowledges receipt of a copy of each applicable Supplier's Card Guide and agrees to be bound by all of the terms and conditions thereof, as amended from time to time.  Purchaser shall provide its Dealer-Customers a copy of the applicable Supplier's Card Guide and cause each such Dealer-Customer to be bound in writing to comply in full with all of the applicable guidelines and requirements contained therein.  Purchaser acknowledges that the honoring 

-5-

 

 

of the Suppliers' proprietary credit cards and compliance with the terms, conditions, and requirements of the Card Guides by Purchaser and its Dealer-Customers is a material and important part of the consideration for this Agreement.  Seller shall be entitled to receive and retain all incentives, rebates or other financial benefits payable by any Supplier with respect to credit card transactions at the Stations, notwithstanding the provisions of Section 14 below.  Purchaser agrees that in no event shall Purchaser or its Dealer-Customers charge a customer for the extension of credit, impose a credit price which is higher than the cash price, or apply a surcharge to any amounts due from any customer making a credit card purchase with any Supplier's proprietary credit cards utilizing any of their Proprietary Marks.

 

(b)Purchaser understands and acknowledges that the Payment Card Industry Data Security Standard as amended from time to time (the "PCI DSS") contains clearly defined standards setting forth the duties of merchants, like the Purchaser, to secure sensitive cardholder data.  Purchaser shall become informed, and cause its Dealer-Customers to become informed, of the PCI DSS as the PCI DSS pertains to the Purchaser's business and the business of each of the Dealer-Customers at the Dealer-Customer's Station.  Purchaser shall, at all times during the term of this Agreement, (i) comply, and cause each Dealer-Customer to comply, with the PCI DSS; (ii) cause all POS and other related network hardware and software at each Station to be, and remain, PCI DSS certified and compliant; (iii) cause the POS and related hardware and software at each Station to be regularly monitored, tested and/or assessed pursuant to the PCI DSS; and (iv) permit, and cause each Dealer-Customer to permit, Seller and/or Supplier and/or Transaction Card representative to inspect and/or test the POS and other related network hardware and software at each of the Stations. Purchaser shall cause each of its Dealer-Customers to be bound in writing to comply in full with the terms contained in this subsection (b).

 

(c)Purchaser shall indemnify, defend and hold Seller harmless for any and all losses, fines, penalties, damages, costs or expenses including without limitation attorney's fees, arising out of the Purchaser's or any Dealer-Customer's breach or violation of, or failure to comply with, the PCI DSS or the Card Guides.  The indemnity provision contained in this subsection (c) shall survive termination of this Agreement.

 

9.Delivery/Title/Risk of Loss.

 

(a)Products covered by this Agreement will be made available at terminals or other delivery points set forth on the applicable Commodity Schedule(s) or otherwise reasonably approved by the parties or, at the parties' election, may be delivered to a Station by transportation selected by Seller.  Purchaser shall strictly comply with all applicable rules and regulations of terminals and facilities at which Purchaser receives motor fuel from Seller.  Except as otherwise provided herein, delivery shall be made in such quantities and at such times as may be reasonably directed by Purchaser, subject to Seller's right to adequate notice in advance of desired delivery date.  Purchaser shall ensure that all trucks, tankers, and lines are (i) clean and ready to receive motor fuel products under the Proprietary Marks purchased pursuant to this Agreement, and (ii) properly maintained, in a good state of repair, and in compliance with terminal rules and instructions and applicable laws and regulation.   Purchaser shall ensure that all Products purchased hereunder is not mixed, blended or adulterated with any other substance or product.  Supplier or Seller may refuse to make delivery into any vehicle that, in the sole judgment of Supplier or Seller, is unsafe or inadequate.

-6-

 

 

 

(b)Title and risk of loss of all Products covered by this Agreement shall pass to Purchaser at the time and place of delivery.  Time and place of delivery shall be when and at the point the Products pass connections between the truck rack or pipeline flange and Purchaser's or its agent's receiving connections, transport trucks, tank cars or vessels.  Where Product is delivered by Seller or its agents, time and place of delivery shall be when, at the place where, the unloading of Seller's or Seller's agent's tank wagon or transport truck is completed.

10.Taxes.

 

The parties hereto agree that any duty, tax, fee or other charge which Seller may be required to collect or pay under any municipal, state, federal or other laws now in effect or hereafter enacted with respect to the production, manufacture, inspection, transportation, storage, sale, delivery or use of the Products covered by this Agreement shall be added to the prices to be paid by Purchaser for Products purchased hereunder. 

 

11.Force Majeure; Failure to Perform.

 

(a)Any delays in or failure of performance of either party hereto shall not constitute default hereunder or give rise to any claims for damages if and to the extent that such delay or failure is caused by acts of God or the public enemy; expropriation or confiscation of facilities; compliance with any order or request of any governmental authority; acts of war, terror, rebellion or sabotage or damage resulting therefrom; embargoes or other import or export restrictions; fires, floods, explosions, accidents, or breakdowns; riots; strikes or other concerted acts of workers, whether direct or indirect; or any other causes whether or not of the same class or kind as those specifically above named which are not within the control of the party affected and which, by the exercise of reasonable diligence, said party is unable to prevent or provide against.  A party whose performance is affected by any of the causes set forth in this paragraph shall give prompt written notice thereof to the other party.

 

(b)Seller shall not be required to make up deliveries omitted on account of any of the causes set forth in subsection (a) above.

 

(c)Nothing in this Section 11 shall excuse Purchaser from making payment when due for deliveries made under the Agreement.  

 

12.Determination of Quantity and Quality.

 

The quantity and quality of Products sold hereunder shall be for all purposes conclusively deemed to be the quantity and quality set forth in Seller's document of delivery unless within twenty-four (24) hours of delivery Purchaser notifies Seller orally, and delivers to Seller written notice with seventy-two (72) hours, of any claimed shortage in quantity or claimed deviation in quality.  Failure of Purchaser to provide notice as set forth herein shall operate as a waiver and release of any and all claims by Purchaser.  Purchaser's written notice, or the absence thereof, shall be conclusive with respect to the fact of and the time and date of notice under this paragraph.  Time is of the essence in complying with this provision.

 

-7-

 

 

13.Trademarks.

 

(a)Purchaser understands and agrees that Seller is not a licensee of any Supplier's brands and may only allow Purchaser's non-exclusive use of the Proprietary Marks owned, controlled, or used by a Supplier subject to prior and continuing permission given by such Supplier.  So long as the Supplier grants such permission, Seller grants such permission to Purchaser and Purchaser's dealer-customers who are operating the Stations as set forth on the applicable Commodity Schedules hereto (each a "Dealer-Customer") to use the Proprietary Marks at the Supplier-approved Stations.  Such permission is granted solely to designate the origin of such Products and such Proprietary Marks may be used by Purchaser and by such Dealer-Customers solely at such Stations.  Purchaser acknowledges and agrees that each Supplier may promulgate from time to time standards, policies, guidelines, procedures, programs, requirements, specifications, standards, and instructions (as the case may be, "Image and Operations Guidelines") regarding image, appearance, station operations, promotions, advertising, the size and location of signs, the wearing of uniforms, and other matters related to the sale of motor fuels under the Proprietary Marks.  Purchaser agrees that such Image and Operations Guidelines may be promulgated by any means, including without limitation Seller's and/or the applicable Supplier's marketing website, email or other electronic means.  Irrespective of the means in which such Image and Operations Guidelines are promulgated, Purchaser shall comply fully with the Image and Operations Guidelines as they exist, or may be modified, from time to time, and cause its Dealer-Customers who use the Proprietary Marks at the Stations to do the same.  Failure on the part of Purchaser, the Dealer-Customers, or the Stations to comply fully with the Image and Operations Guidelines shall be grounds for termination of this Agreement (subject to any periods of grace set forth herein).  Purchaser shall not sell, or permit the sale of, the petroleum products of others at the Stations under any Proprietary Marks owned, used, or controlled by the applicable Supplier.  Purchaser agrees that each Supplier retains the right, subject to requirements of law, to withdraw the right to use its Proprietary Marks from Seller or Purchaser at any time notwithstanding any request or demand by Seller to the contrary and any such withdrawal shall be without Seller's liability to Purchaser.

 

(b)Any substitution or other change from one Supplier to a different Supplier to any Station, or any change of an unbranded Station to a branded Station or of a branded Station to an unbranded Station, shall require the prior written consent of Seller (including the approval of Alimentation Couche-Tard Inc’s global fuels group) in its sole discretion.  In the event of any market withdrawal or other event resulting in a Supplier ceasing to supply motor fuel to a geographical region in which a Station is located, Seller shall have the right, with respect to any one or more of such Stations, to substitute the trademarks, brand names, and/or other brand identifications owned, used, or controlled by a petroleum products supplier other than the applicable Supplier for the applicable Supplier's Proprietary Marks.  In the event of such substitution, all references in this Agreement to the Proprietary Marks of the former Supplier shall be deemed to refer to the trademarks, brand names, and/or other brand identifications substituted by Seller hereunder and all references to the "Supplier" shall be deemed to refer to the supplier who owns, uses, or controls said trademarks, brand names and/or other brand identifications substituted by Seller hereunder.  Purchaser shall be solely responsible for all costs incurred in connection with any de-branding or brand conversion at any Station including, without limitation, all required capital expenditures to de-brand or re-brand the Station and any volume penalties or other amounts payable to the outgoing Supplier (including any requirements to reimburse any 

-8-

 

 

unamortized balances of any Incentives (as defined in Section 14) previously received with respect to the Station as provided for in Section 14 below).

 

(c)Upon termination or expiration of this Agreement with respect to any Station, Purchaser shall discontinue the posting, mounting, display or other use of the Proprietary Marks, except only to the extent they appear as labels or identification of products manufactured or sold by Seller and are still in the containers or packages designed or furnished by Seller.  In the event that Purchaser fails to do so to the satisfaction of Seller or the applicable Supplier, subject to applicable law, Seller and the Supplier (i) shall have the right to cause any and all signage, placards, and other displays bearing the Proprietary Marks to be removed from the Stations; and (ii) shall have the right to use any means necessary to remove, cover or obliterate the Proprietary Marks, including entry to the Stations, to do so.  In the event the Seller or the Supplier take any such action hereunder, Purchaser shall bear all costs and expenses thereof, including without limitation the costs of removing, obliterating, or covering the Proprietary Marks, attorney fees, and other legal costs and expenses.  Under no circumstances will Purchaser display signage bearing the Proprietary Marks at any Station without the prior written approval of Seller.

 

(d)Purchaser shall not mix, commingle, adulterate, or otherwise change the composition of any of the Products purchased hereunder under the Proprietary Marks and resold by Purchaser.  Purchaser shall ensure through its contracts with its Dealer-Customers that the Dealer-Customers shall not mix, commingle, adulterate, or otherwise change the composition of any of the Products purchased under the Proprietary Marks and resold by such Dealer-Customers. 

 

(e)Purchaser hereby grants the right, and agrees to cause each Dealer-Customer to grant the right, to both Seller and the applicable Supplier, to enter the Purchaser's place of business and the Stations, as applicable, and to examine at any time, and from time to time, the contents of tanks or containers in which any Products purchased hereunder are stored and to take samples therefrom and, if in the opinion of Seller or the Supplier, any samples thus taken are not the Products and in the condition in which delivered by Seller or the Supplier to Purchaser, then Seller may at its option terminate this Agreement.  If there shall be posted, mounted, or otherwise displayed on or in connection with the Stations any sign, poster, placard, plate, device or form of advertising matter whether or not received from Seller, consisting in whole or in part of the Proprietary Marks or any other trade name, trademark, brand name, label, insignia, symbol or imprint owned, controlled or used by the Supplier in its business, Purchaser agrees that through its contracts with the Dealer-Customers, it will ensure that the Dealer-Customers at all times display at their respective Stations the same properly and discontinue the posting, mounting or display of same immediately upon Purchaser's ceasing to sell the Supplier's branded motor fuels (or other branded products of Seller) or in any event upon demand by Seller.  Purchaser further agrees to take no action, or otherwise do anything or fail to do anything, that will diminish, reduce, injure, dilute, or otherwise damage the value of the Proprietary Marks or other trademarks or identifications of any Supplier or to allow the Dealer-Customers to take any action, that will diminish or dilute the value of such Proprietary Marks.  Purchaser shall cause those Dealer-Customers marketing branded motor fuel purchased hereunder at the Stations to agree in writing to take no action, or otherwise do anything or fail to do anything, that will diminish, reduce, injure, dilute, or otherwise damage the value of the Proprietary Marks or other trademarks or identifications of any Supplier.

 

-9-

 

 

(f)While using the Proprietary Marks at the Stations, Purchaser shall conduct, and cause Dealer-Customers to conduct, only such businesses or activities at the Stations that are customary for the operation of a convenience store with retail fuel operations, unless otherwise approved in writing by Seller.  Neither Purchaser nor Dealer-Customers shall use the Proprietary Marks as part of Purchaser's corporate name or other name.

 

(g)Purchaser understands that each Supplier may require retail service station dealers operating under the Proprietary Marks and their employees to attend and complete Supplier conducted or sponsored training programs from time to time.  Purchaser shall cause its employees, and its Dealer-Customers and their employees, to attend and complete such training as may be required by each applicable Supplier.  Seller shall be under no obligation to bear any costs or expenses associated with the attendance of Purchaser, Purchaser's employees, Dealer-Customers, or the employees of Dealer-Customers at such training.

 

(h)Purchaser shall participate in, and cause Purchaser's Dealer-Customers to participate in, each Supplier's image evaluation program, "mystery" or shop audit program, or any other similar program, conducted or sponsored by such Supplier.  Purchaser shall be fully responsible to Supplier for any penalties, loss or shortfall of incentives, costs (including costs incurred in connection with any de-branding of a Station) or other losses incurred as a result of any sub-standard performance or failure to comply with any such program.  Purchaser shall promptly take corrective action, and cause its Dealer-Customers to take corrective action, as required by each Supplier to bring the Stations into compliance with the Supplier's Image and Operations Guidelines.  Purchaser understands and agrees that Purchaser's failure to comply, or the failure of any Dealer-Customer to comply, with the foregoing terms is deemed to be a material breach of this Agreement.

 

(i)At no time may Purchaser use, or permit its Dealer-Customers to use, any trademarks, trade dress, logo types, or names confusingly similar to the Proprietary Marks.

 

14.Program Funds, Incentives, Rebates, Etc.

 

(a)The parties acknowledge that, from time to time, the Suppliers may make available to Seller or Purchaser various incentive programs, rebates, image investments, training, promotional programs, co-op funds and the like (collectively, "Incentives"), with respect to the Stations.  Seller shall pass along to Purchaser all Incentives received by Seller with respect to the Stations, subject to the terms and conditions of this Section 14.

 

(b)Purchaser acknowledges that certain Incentives (such as image funds) may be required to be amortized over a period of time in accordance with the applicable Supplier’s standard amortization program for such Incentives and, as a condition to Purchaser's receipt of such Incentives, Seller and/or Purchaser may be required to execute one or more written agreements regarding their obligations in connection with such Incentives including, for example and without limitation, an incentive agreement, amortization agreement or promissory note.  Purchaser agrees to comply with the terms and conditions of any such written agreement and, if this Agreement is terminated or not renewed for any reason, Purchaser shall be solely responsible for (and agrees to pay Seller upon demand for) the amount of any then unforgiven (unamortized) 

-10-

 

 

or unpaid portion of Purchaser's obligations for such Incentives at the effective date of such termination.

 

15.Customer Service Standards.

 

While the Stations are using any Proprietary Marks hereunder, Purchaser agrees to, and shall cause each of its Dealer-Customers at the applicable Station to agree in writing to:  (a) render appropriate, prompt, efficient, courteous service at the Station to the customers of the Station for such Products; (b) respond expeditiously to all complaints of such customers, making fair adjustment when appropriate, and otherwise conduct its business at the Station in a fair and ethical manner and maintain the facilities, all in a manner which will foster customer acceptance of and desire for the Products sold by Seller to Purchaser; (c) provide sufficiently qualified and neatly dressed attendants, uniformed as appropriate to render first‐class service to customers at the Stations; (d) maintain the rest rooms clean, orderly, sanitary and adequately furnished with rest room supplies; (e) not employ or permit any illegal, unethical, coercive, deceptive or unfair practices in the operation of the Stations; (f) assist in maintaining a high level of customer acceptance of Supplier's Proprietary Marks by keeping the Station open for dispensing of Products associated with such Proprietary Marks during such hours each day and days each week as may be specified by Seller or Supplier; (g) keep the Station free of debris, trash, and fire hazards; (h) not illegally store or illegally sell illegal or prescription drugs or permit the same to be used or consumed at the Station; (i) not display, use, store, offer for sale, or rent any item of a pornographic nature at the Station (such items shall include, without limitation, pornographic, sexually explicit, or so-called "adult": magazines, videotapes, compact disks, digital video disks, or other like items); (j) prohibit the illegal sale or illegal storage of intoxicating beverages at the Station; (k) offer three (3) grades of gasoline products branded under the Proprietary Marks for sale to the public in an amount adequate to meet the needs of the Station's customers; and (l) to the extent permitted by applicable law, ensure that all employees at the Stations are able to understand and speak in the English language with sufficient fluency to communicate effectively with customers and emergency response personnel.

 

16.Inspection of Stations and Records.

 

Seller and/or the Suppliers shall have the right to inspect Purchaser's operation of its business and the operation of the motor fuel dispensing business at each of the Stations, to verify that Purchaser, Dealer-Customers, and the Stations are in compliance with all (a) contractual obligations contained in this Agreement and the contracts entered between Purchaser and the Dealer-Customers, including but not limited to the use of the Proprietary Marks, and (b) federal, state and local laws and regulations pertaining to the environmental protection and trademark use.  In order that Seller and/or the Suppliers may exercise the foregoing rights, Purchaser shall permit Seller and/or the Suppliers to enter its place of business for purposes of conducting an inspection and audit.  Purchaser shall, upon reasonable notice and at any reasonable time, cause any contract between Purchaser and its Dealer-Customers who operate Stations to include a provision allowing Seller and/or the applicable Supplier to enter the Station for purposes of conducting an inspection and audit permitted under this Section.  As part of any inspection and audit, Seller and/or the Supplier shall be allowed to review all records including, but not limited to, all records of deliveries, sales and inventory reconciliation.  Seller and/or the applicable Supplier may, at any reasonable time and without prior notice, conduct a walk through and visual inspection of each Station.

-11-

 

 

 

17.Dealer-Customer/Station Obligations.

 

Purchaser understands and agrees that all Dealer-Customers and all Stations at which the Products are marketed are required to comply with the applicable Supplier's image, appearance, marketing and other operating guidelines and standards and with other requirements contained in this Agreement.  Purchaser shall cause each Dealer-Customer selling Products under the Proprietary Marks to be contractually bound, in writing, to comply with all such Supplier guidelines and standards, and all such other requirements contained herein.

 

18.Environmental Compliance.

 

Purchaser recognizes that it, and its Dealer-Customers, are handling hazardous substances.  Purchaser agrees that, in receiving, storing, handling, offering for sale, selling, delivering for use, exchanging in trade or using itself Products purchased from Seller, Purchaser shall, in all respects exercise, and obligate its Dealer-Customers in writing to exercise, the strictest care required by law.  Purchaser shall comply, and cause its Dealer-Customers to comply, with any and all applicable federal, state and local laws, ordinances, as exist now or hereinafter come into force, including, but not limited to, those governing (a) dispensing equipment, (b) pollution, (c) the maximum sulfur content of fuel, (d) the maximum reid vapor pressure of motor fuel, (e) the oxygen content of motor fuel, (f) the dying requirements for diesel fuel, (g) the maximum lead content of motor fuel, (h) the labeling of pump stands and dispensers of motor fuel, (i) the use and labeling of product containers, (j) the use, maintenance and labeling of product storage tanks, (k) the prevention of spills, leaks, venting or other improper escape from product containers or storage tanks, (l) performing inspections of underground storage tanks, connections, pumps, and associated equipment, (m) preparing and maintaining accurate records required by law, including, without limitation records of  inspections, product measurements, and reconciliations, (n) underground storage tank financial responsibility requirements; and (o) the method of cleanup or disposal of product which has leaked, spilled, vented or otherwise improperly escaped from containers or storage tanks.  PURCHASER WILL DEFEND, INDEMNIFY AND HOLD SELLER, ITS SUCCESSORS AND ASSIGNS, HARMLESS AGAINST ALL LOSSES, CLAIMS, CAUSES OF ACTION, PENALTIES, FINES, LIABILITIES, ATTORNEYS' FEES AND INTEREST ARISING OUT OF ANY FAILURE OF COMPLIANCE WITH THE PROVISIONS OF THIS SECTION, and such failure shall entitle Seller to terminate this Agreement and any mutual contract with Purchaser immediately as it applies to the Products affected by such failure or other products which require the same standard of care.

 

19.Termination.

 

(a)This Agreement shall automatically terminate upon expiration of the Term stated in Section 2 hereof.

 

(b)This Agreement may be terminated by Seller:(i) if Purchaser makes any material false or misleading statement or representation to Seller; (ii) if Purchaser becomes insolvent or commits an act of bankruptcy or takes advantage of any law for the benefit of debtors or Purchaser's creditors, or if a receiver is appointed for Purchaser; (iii) if Purchaser fails to pay in a timely manner any sums when due hereunder; (iv) if Purchaser defaults in any of its obligations under this Agreement 

-12-

 

 

and such default continues for ten (10) business days after Seller's delivery of written notice of default to Purchaser; (v) under the circumstances described in causes for termination by Seller contained elsewhere in this Agreement; (vi) if Purchaser engages in fraud or criminal misconduct relevant to the operation of the business of the Purchaser; (vii) if Purchaser is convicted of a felony or of a misdemeanor involving fraud, moral turpitude or commercial dishonesty, whether or not the crime arose from the operation of the business of the Purchaser; (viii) if Purchaser fails to assure compliance with any Supplier's image and other applicable standards or requirements Agreement and such default continues for ten (10) business days after Seller's delivery of written notice of default to Purchaser; or (ix) any other grounds under which termination of a franchise is permitted under the Petroleum Marketing Practices Act (P.L. 95‐297).

 

(c)This Agreement may be terminated by Purchaser:  (i) if Seller makes any material false or misleading statement or representation to Purchaser; (ii) if Seller becomes insolvent or commits an act of bankruptcy or takes advantage of any law for the benefit of debtors or Seller's creditors, or if a receiver is appointed for Seller; (iii) if Seller defaults in any of its obligations under this Agreement and such default continues for ten (10) business days after Purchaser's delivery of written notice of default to Seller; or (iv) under the circumstances described in causes for termination by Purchaser contained elsewhere in this Agreement.

 

(d)Upon loss of Seller's right to grant any of the Proprietary Marks, Seller or Purchaser may terminate this Agreement with respect to the applicable Stations selling Products under those Proprietary Marks.  Neither party will be liable for the consequences of such loss unless they result from an act by such party taken in bad faith for the purpose of causing the loss of Seller's right to grant the right to use the trademark.

 

(e)Termination of this Agreement by either party for any reason shall not relieve the parties of any obligation theretofore accrued under this Agreement.

 

20.Sale or Assignment.

 

(a)This Agreement is personal to Purchaser and Seller.  Neither party may sell or assign its rights under this Agreement, whether directly or indirectly, by operation of law or otherwise, without first receiving consent of other party in writing, which may be granted or withheld by such other party in its sole discretion; provided, that either party may assign this Agreement to any of its direct or indirect wholly owned subsidiaries upon prior written notice to other party, and, in the event of any such assignment, the assigning party shall nevertheless remain fully responsible to other party for all obligations of the assigning party hereunder.  Any purported assignment in violation of this Section 20 shall be void and of no force and effect.

 

(b)Without limitation of the foregoing, any direct or indirect change in control (a "Change in Control") of Purchaser including, without limitation, the sale, conveyance, alienation, transfer or other change of interest in, or title to, or beneficial ownership of, any voting stock, membership interest, or partnership interest, of or in the Purchaser, whether voluntarily, involuntarily, by operation of law, merger or otherwise, shall be construed as an assignment or transfer of Purchaser's rights under this Agreement.  A Change in Control shall be deemed to occur whenever a party gains the ability to influence the business and affairs of Purchaser or any of its direct or indirect 

-13-

 

 

parent companies, including CrossAmerica.  A party who owns, or otherwise possesses, directly or indirectly, fifty percent (50%) or more of the stock, membership interest, partnership interest or beneficial interest of Purchaser, any direct or indirect parent of Purchaser that is a subsidiary controlled by CrossAmerica or the general partner of CrossAmerica, or the general partner of CrossAmerica, shall be deemed to have such ability.  Thus, by way of example only, the following, without limitation, would constitute a Change in Control resulting in an assignment or transfer of Purchaser's rights under subsection (a) above:  the transfer of 50% or more of the stock of, or membership, partnership, or beneficial interest in, Purchaser, or the general partner interests in CrossAmerica, or in the general partner of CrossAmerica.  Seller may in its sole discretion elect to terminate this Agreement at any time upon or after any Change in Control unless Seller agrees otherwise in writing at the time it consents to such assignment.

 

(c)No assignment or transfer shall affect the continuing primary liability of the assigning party (which liability, following assignment or transfer shall be joint and several with the assignee).  No consent to any of the foregoing shall operate as a waiver in any subsequent instance.

 

(d)This Agreement shall be binding upon the successors and permitted assigns of the respective parties hereto.

 

21.Express Warranties.

 

Seller warrants that the Products supplied hereunder will conform to the promises and affirmations of fact made in Seller's current technical literature and printed advertisements, if any, related specifically to such Products; that it will convey good title to the Products supplied hereunder, free of all liens, and that the Products supplied hereunder meet such specifications as have been expressly made a part of this Agreement.  THE FOREGOING WARRANTIES ARE EXCLUSIVE AND ARE IN LIEU OF ALL OTHER WARRANTIES, WHETHER WRITTEN, ORAL OR IMPLIED.  THE WARRANTY OF MERCHANTABILITY, IN OTHER RESPECTS THAN EXPRESSLY SET FORTH HEREIN, AND WARRANTY OF FITNESS FOR PARTICULAR PURPOSE, IN OTHER RESPECTS THAN EXPRESSLY SET FORTH HEREIN, ARE EXPRESSLY EXCLUDED AND DISCLAIMED.

 

22.Liability; Indemnification.

 

(a)Neither Seller nor any Supplier shall be liable to Purchaser, any Dealer-Customer or any other person for any damage to or loss of property, or for injury to or death of persons, or for the violation by Purchaser or, any Dealer-Customer , of any governmental statute, law, regulation, rule, or ordinance, arising from the operation or activities of Purchaser, or any Dealer-Customer pursuant to this Agreement.  Purchaser shall indemnify, protect, defend, and save Seller and each Supplier harmless from and against any and all losses, claims, liabilities, environmental cleanup costs, fines, penalties, suits and actions, judgments and costs, including attorneys' fees and the costs of litigation (collectively “Loss”), which shall arise from, or grow out of, any injury to or death of persons, or damage to or loss of property, or violation by Purchaser, or any Dealer-Customer of any governmental statute, law, regulation, rule, or ordinance, directly or indirectly resulting from, or in any way connected with (a) Purchaser's performance of this Agreement, (b) any Dealer-Customer of any contract with Purchaser for the supply of motor fuel at 

-14-

 

 

the Dealer-Customer's Station, (c) the operations of Purchaser or any Dealer-Customer, or activities of any other person, at the respective Stations, or (d) the condition of any Station or of the adjoining streets, sidewalks or ways, irrespective of whether such injury, death, damage or loss is sustained by Purchaser, any Dealer-Customer or any other person which may seek to hold Seller or any Supplier liable provided, however, Purchaser shall hold no indemnity obligation hereunder for Loss if such Loss results from Seller’s or Supplier’s gross negligence or intentional misconduct.  The existence or non-existence of any insurance required under this Agreement will not limit Purchaser's indemnity or other obligations under this Agreement.  This indemnity shall survive the termination or nonrenewal of this Agreement.

 

(b)In no event shall any party be liable for any punitive, incidental, consequential, special or indirect damages, including loss of future revenue or income, loss of business reputation or opportunity relating to the breach or alleged breach of this Agreement, or diminution of value or any losses based on any type of multiple of EBITDA, except in the case of fraud.

 

23.Purchaser's Insurance Requirements.

 

Purchaser shall maintain insurance, and cause each Dealer-Customer to maintain insurance, from a reputable insurance carrier authorized to do business in the states in which Purchaser does business and in which Stations are located, as applicable, of the types and not less than the coverage amounts that Seller may require from time to time.  All such insurance will name Seller as an additional insured and will be primary as to any other existing, valid and collectible insurance.  If Seller so requires, Purchaser and each Dealer-Customer shall furnish Seller with certificates of such insurance that provide that coverage will not be canceled or materially changed prior to 30 days' advance written notice to Seller.  The insurance required hereunder in no way limits or restricts Purchaser's obligations under the law or this Agreement as to indemnification of Seller.  Further, the insurance to be carried shall in no way be limited by any limitation placed upon the indemnity therein given as a matter of law.

 

24.Confidential Information.

 

(a)Purchaser acknowledges that Seller and/or Supplier may be disclosing and transmitting to it certain confidential and proprietary information of Seller and/or Supplier, including without limitation guidelines, manuals, methods, policies, procedures, programs, software, firmware, specifications, standards (both operational and visual), strategies, and other related information ("Confidential Information") in connection with Purchaser's operation of any Station. Such Confidential Information may be in written, oral or electronic (that is, transmitted or stored via Supplier or Seller's web site, or via email, IM, CD, DVD, or other similar electronic means) form.  Except where otherwise required by law, Purchaser shall:  (i) treat and maintain Confidential Information as confidential;  (ii) use Confidential Information only for the operation of the Stations under this Agreement; and (iii) restrict disclosure of Confidential Information only to Purchaser and its officers, directors, employees, contractors or agents who are directly connected with the performance of work and require knowledge of the Confidential Information. 

 

-15-

 

 

(b)Purchaser may not use, or cause or permit to be used by, or disclose to, or cause or permit to be disclosed to, third parties any Confidential Information for purposes other than operating the Stations under this Agreement.

 

(c)Purchaser acknowledges that any failure to comply with the requirements of this Section 24 will cause Seller or Supplier irreparable injury.  The provisions of this Section 24 will survive the termination or expiration of this Agreement and apply to all Confidential Information disclosed or transmitted to Purchaser, whether prior to, during or after the expiration, termination, or nonrenewal of this Agreement.

 

(d)Prior to the disclosure of any Confidential Information to its Dealer-Customers, and as a condition precedent thereto, Purchaser shall cause each Dealer-Customer to agree in writing to comply with terms and conditions substantially similar to those contained in this Section.

 

25.Non-Exclusive Territory.

 

Nothing in this Agreement grants Purchaser or any Dealer-Customer an exclusive territory to market or resell any petroleum products purchased from Seller hereunder.  Seller reserves the right to market or sell, and authorize others to market or sell, petroleum products in any manner Seller chooses, including through its own retail outlets or through designated wholesalers or other retailers.

 

26.No Third Party Beneficiaries.

 

This Agreement is personal to Purchaser and is intended for the sole use and benefit of Seller and Purchaser.  Nothing contained herein shall be deemed, interpreted, or construed to create, or express any intent to create, third party beneficiary rights in favor of any person or entity, except for any indemnified party (or other person entitled to be indemnified pursuant to this Agreement), and Seller and Purchaser specifically state and agree that no such intent exists.

 

27.Entire Agreement.

 

This Agreement cancels and supersedes all prior written and unwritten agreements, attachments, schedules, appendices, amendments, promises, and understandings between the parties pertaining to the matters covered under this Agreement and is a final, complete and exclusive statement of the agreement between Seller and Purchaser.  THERE ARE NO ORAL UNDERSTANDINGS, REPRESENTATIONS OR WARRANTIES AFFECTING IT.  EXECUTION OF THIS AGREEMENT BY PURCHASER IS AN ACKNOWLEDGEMENT THAT NO REPRESENTATIONS NOT SET FORTH IN WRITING HEREIN HAVE BEEN MADE OR RELIED UPON BY PURCHASER.

 

28.Nature of Agreement; Etc.

 

(a)In consideration of the granting and execution of this Agreement, it is understood and agreed that there shall be no contractual obligation to extend or renew the period or 

-16-

 

 

terms of this Agreement in any way, and the parties agree that this Agreement shall not be considered or deemed to be any form of "joint venture" or "partnership".

 

(b)Both parties expressly agree that it is the intention of neither party to violate statutory or common law and that if any section, sentence, paragraph, clause or combination of same in this Agreement is in violation of any law, such sentences, paragraphs, clauses or combination of same shall be inoperative and the remainder of this Agreement shall remain binding upon the parties hereto.

 

(c)The parties to this Agreement have discussed the provisions herein and find them fair and mutually satisfactory and further agree that in all respects the provisions are reasonable and of material significance to the relationship of the parties hereunder, and that any breach of a provision by either party hereto or a failure to carry out said provisions in good faith shall conclusively be deemed to be substantial. 

 

(d)This Agreement shall be deemed to have been drafted by all parties hereto and, in the event of dispute, each party waives the defense of contra proferentum.

 

29.Equitable Remedies/Attorneys' Fees.

 

(a)Each party agrees that money damages may not be a sufficient remedy for the breach of this Agreement and that, therefore, in addition to all remedies available at law, each party shall be entitled to specific performance, injunctive relief, declaratory judgment and/or other equitable remedies, as appropriate.  Each party agrees to waive any requirement for the posting of bond in conjunction with such other party's effort to seek equitable remedies.  

 

(b)It is hereby agreed to and understood by the parties to this Agreement that the prevailing party in a proceeding for either party to secure or protect its rights under this Agreement or to enforce the terms thereof shall be entitled to recover from the other party all reasonable attorneys' fees and other legal costs incurred by such party to secure or protect its rights under this Agreement or to enforce the terms thereof, whether at law or in equity.  The prevailing party in a proceeding for either party to enforce any termination of this Agreement shall also be entitled to reimbursement by the other party for all reasonable attorney's fees and litigation expenses incurred to enforce any termination of this Agreement.

 

(c)A party's termination of this Agreement shall not prejudice such party's right to seek monetary damages or equitable relief against the other party.  All powers and remedies available at law and in equity, including the right to terminate this Agreement under the PMPA, shall be cumulative and not exclusive of any other powers and remedies available by virtue of this Agreement, and no delay or omission of such termination party in exercising any right or power accruing upon any breach of, or default under any provision of this Agreement shall impair any other or subsequent breach or impair any rights or remedies consequent thereto.  No waiver by either party of any breach of any of the covenants or conditions herein contained to be performed by the other party shall be construed as a waiver of any succeeding breach of the same or any other covenant or condition.

 

-17-

 

 

30.PMPA Summary of Rights.  

 

Purchaser hereby acknowledges receipt of a copy of the Summary of Rights under the Petroleum Marketing Practices Act (the "PMPA"), prepared pursuant to PMPA Section 104(d), 15 U.S.C. §2804(d).

 

31.Notices.

 

All notices and other communications given or made pursuant hereto shall be in writing and shall be deemed to have been duly given on the date delivered, if delivered personally, on the next business day if delivered by overnight courier, on the fifth Business Day after being mailed by registered or certified mail (postage prepaid, return receipt requested), in each case, to the parties at the following addresses (or at such other address for a party as shall be specified by notice given in accordance with this Section):

 

(a)If to Purchaser, to:

 

Lehigh Gas Wholesale LLC

600 Hamilton Street, Suite 500

Allentown, Pennsylvania 18101

Attention:  Gerardo Valencia

email:  Gerardo.Valencia@CircleK.com

 

(b)If to Seller, to:

 

Circle K Stores Inc.

1130 W. Warner Rd. 

Tempe, Arizona 85284 

Attention:  T. Alex Miller

email: TMiller3@CircleK.com

 

No provision of this Agreement, including this Section, shall be deemed to constitute consent to the manner and address for service of process in connection with any legal proceeding (including such arising out of or in connection with this Agreement), which service shall be effected as required by applicable law.

 

32.Modification or Amendment.

 

Seller and Purchaser may modify, waive or amend any material term of this Agreement only by a written instrument duly executed and delivered by each party after receiving the prior written consent of the Conflicts Committee (the "Conflicts Committee") of the board of directors of Purchaser’s general partner, (which written consent may be waived in the Conflicts Committee's discretion); provided, that amendments made pursuant to the third sentence of Section 2(b) hereof to add Commodity Schedules for the Stations acquired by Purchaser at each Closing, in form and substance consistent in all material respects with the form of Commodity Schedule set forth on Exhibit A hereto, shall not require approval of the Conflicts Committee.  Any consent, 

-18-

 

 

approval, decision or waiver that is required to be given or made, or that may be given or made, by Purchaser with respect to the transactions contemplated hereby that could reasonably be expected to have a material adverse effect on Purchaser shall first be referred to the Conflicts Committee for consideration, and the Conflicts Committee shall be permitted no less than fifteen business days to make a recommendation with respect to the consent, approval, decision or waiver.

 

33.Governing Law.

 

This Agreement shall be governed by and construed in accordance with the law of the State of Texas, without regard to the conflicts of laws principles thereof.

 

34.Counterparts.

 

This Agreement may be executed in the original or by telecopy or electronic transmission of a .pdf file containing an executed signature page, in any number of counterparts, each of which shall be deemed to be an original and all of which together shall constitute one and the same instrument.

 

35.Waiver of Jury Trial.

 

To the fullest extent permitted by applicable law, each party hereto hereby irrevocably waives any right to have a jury participate in resolving any suit, action or proceeding arising out of or relating to this Agreement or any of the transactions contemplated hereby.

 

 

 

 

 

[REMAINDER  OF  PAGE  INTENTIONALLY  LEFT  BLANK;

SIGNATURES  APPEAR  ON  FOLLOWING  PAGE]

-19-

 

 

IN WITNESS WHEREOF, this Sub-Jobber Agreement has been duly executed and delivered by the duly authorized officers of each of the parties hereto as of the date first written above.

 

CIRCLE K STORES INC.

 

 

By ___/s/ Aaron Brooks_________________

      Aaron Brooks

      Assistant Secretary

 

 

LEHIGH GAS WHOLESALE LLC

 

 

By __/s/ Michael W. Federer_____________

      Michael W. Federer

      Senior Director Legal and Corporate Secretary

-20-

 

 

EXHIBIT A

 

COMMODITY SCHEDULE (SUB-JOBBER)

 

 

SELLER:Circle K Stores Inc.

 

PURCHASER:Lehigh Gas Wholesale LLC or its affiliate

 

STATION:Site No. ______ADDRESS: ________________________________

 

DELIVERY POINT:__________________________________________

 

SUPPLIER:__________________________________________

 

PRODUCTS:All grades of gasoline, diesel and all other motor fuels 

 

This Commodity Schedule is attached to, and made a part of, a certain Sub-Jobber Agreement, dated as of May 21, 2019 (as amended from time to time, the "Agreement"), between Circle K Stores Inc. and Lehigh Gas Wholesale LLC.  Capitalized terms used and not otherwise defined in this Commodity Schedule have the same meanings used in the Agreement.

 

1.Quantity.  Except as otherwise provided in the Agreement, the quantity of Products covered by this Commodity Schedule shall be all of Purchaser's requirements at the above Station.  Purchaser shall not be required to purchase any minimum or maximum quantity of Products.

 

2.Price.  Seller’s price per gallon to be paid by Purchaser shall be as follows:  

 

Branded Product:  The Supplier's posted branded rack price per gallon of the applicable Product at the applicable delivery point that is in effect at the time loading commences, plus all applicable taxes and all fees, plus State loading and environmental fees, if any, plus or minus the applicable margin set forth below:

 

Regular:____ cents per gallon ($0.____ CPG)

Midgrade:____ cents per gallon ($0.____ CPG)

Premium:____ cents per gallon ($0.____ CPG)

Diesel:____ cents per gallon ($0.____ CPG)

 

Unbranded Product:  OPIS Average unbranded rack price per gallon of the applicable Product at the applicable delivery point that is in effect at the time loading commences, plus all applicable taxes and all fees, plus State loading and environmental fees, if any, plus or minus the applicable margin set forth below:

 

-21-

 

 

Regular:____ cents per gallon ($0.____ CPG)

Midgrade:____ cents per gallon ($0.____ CPG)

Premium:____ cents per gallon ($0.____ CPG)

Diesel:____ cents per gallon ($0.____ CPG)

 

All prices are based upon the delivery of a full transport truckload of Product.  All prices are subject to the provisions of applicable law.

 

IN WITNESS WHEREOF, this Commodity Schedule has been duly executed and delivered by the duly authorized officers of each of the parties hereto as of the date set forth below.

 

Dated as of __________________

 

CIRCLE K STORES INC.

 

 

By _________________________________

      Name:

      Title:

 

 

LEHIGH GAS WHOLESALE LLC

 

 

By _________________________________

      Name:

      Title:

-22-EX-10.1

 Exhibit 10.1 

Execution Version 
  

 
  

$500,000,000 
 364-DAY CREDIT AGREEMENT 
 dated as of 

May 17, 2019 

among 
 MAGELLAN
MIDSTREAM PARTNERS, L.P., 
 The Lenders Party Hereto, 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Administrative Agent, 

and 
 JPMORGAN CHASE
BANK, N.A., 
 as Syndication Agent 
  

 
 WELLS FARGO
SECURITIES, LLC 
 and 

JPMORGAN CHASE BANK, N.A., 

as Joint Bookrunners and Lead Arrangers 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I Definitions
	  	 	1	 
	 Section 1.01.
	 	Defined Terms	  	 	1	 
	 Section 1.02.
	 	Classification of Loans and Borrowings	  	 	22	 
	 Section 1.03.
	 	Terms Generally	  	 	22	 
	 Section 1.04.
	 	Accounting Terms; GAAP	  	 	22	 
	 Section 1.05.
	 	Divisions	  	 	23	 
		
	 ARTICLE II The Credits
	  	 	23	 
	 Section 2.01.
	 	Commitments	  	 	23	 
	 Section 2.02.
	 	Loans and Borrowings	  	 	23	 
	 Section 2.03.
	 	Requests for Revolving Borrowings	  	 	24	 
	 Section 2.04.
	 	Reserved	  	 	24	 
	 Section 2.05.
	 	Reserved	  	 	24	 
	 Section 2.06.
	 	Funding of Borrowings	  	 	25	 
	 Section 2.07.
	 	Interest Elections	  	 	25	 
	 Section 2.08.
	 	Termination and Reduction of Commitments	  	 	26	 
	 Section 2.09.
	 	Repayment of Loans; Evidence of Debt	  	 	27	 
	 Section 2.10.
	 	Prepayment of Loans	  	 	28	 
	 Section 2.11.
	 	Fees	  	 	28	 
	 Section 2.12.
	 	Interest	  	 	29	 
	 Section 2.13.
	 	Alternate Rate of Interest	  	 	29	 
	 Section 2.14.
	 	Increased Costs	  	 	31	 
	 Section 2.15.
	 	Break Funding Payments	  	 	32	 
	 Section 2.16.
	 	Taxes	  	 	32	 
	 Section 2.17.
	 	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	 	36	 
	 Section 2.18.
	 	Mitigation Obligations; Replacement of Lenders	  	 	38	 
	 Section 2.19.
	 	Reserved	  	 	39	 
	 Section 2.20.
	 	Term-Out Option	  	 	39	 
	 Section 2.21.
	 	Defaulting Lenders	  	 	39	 
		
	 ARTICLE III Representations and Warranties
	  	 	41	 
	 Section 3.01.
	 	Organization; Powers	  	 	41	 
	 Section 3.02.
	 	Authorization; Enforceability	  	 	41	 
	 Section 3.03.
	 	Governmental Approvals; No Conflicts	  	 	41	 
	 Section 3.04.
	 	Financial Condition; No Material Adverse Change	  	 	41	 
	 Section 3.05.
	 	Litigation and Environmental Matters	  	 	42	 
	 Section 3.06.
	 	Compliance with Laws	  	 	42	 
	 Section 3.07.
	 	Investment Company Status	  	 	42	 
	 Section 3.08.
	 	Taxes	  	 	42	 
	 Section 3.09.
	 	ERISA	  	 	42	 
	 Section 3.10.
	 	Disclosure	  	 	43	 
	 Section 3.11.
	 	Subsidiaries	  	 	43	 
	 Section 3.12.
	 	Margin Stock    	  	 	43	 

  
 -i- 

							
	 Section 3.13.
	 	No Default	  	 	43	 
	 Section 3.14.
	 	Sanctions; Anti-Corruption Laws	  	 	43	 
	 Section 3.15.
	 	EEA Financial Institution	  	 	44	 
		
	 ARTICLE IV Conditions
	  	 	44	 
	 Section 4.01.
	 	Effective Date	  	 	44	 
	 Section 4.02.
	 	Each Credit Event	  	 	45	 
		
	 ARTICLE V Affirmative Covenants
	  	 	46	 
	 Section 5.01.
	 	Financial Statements; Ratings Change and Other Information	  	 	46	 
	 Section 5.02.
	 	Notices of Material Events	  	 	47	 
	 Section 5.03.
	 	Existence	  	 	47	 
	 Section 5.04.
	 	Payment of Obligations	  	 	47	 
	 Section 5.05.
	 	Maintenance of Properties; Insurance	  	 	48	 
	 Section 5.06.
	 	Books and Records; Inspection Rights	  	 	48	 
	 Section 5.07.
	 	Compliance with Laws	  	 	48	 
	 Section 5.08.
	 	Use of Proceeds	  	 	48	 
	 Section 5.09.
	 	Compliance with ERISA	  	 	48	 
	 Section 5.10.
	 	Compliance with Environmental Laws	  	 	49	 
	 Section 5.11.
	 	Further Assurances	  	 	49	 
		
	 ARTICLE VI Negative Covenants
	  	 	49	 
	 Section 6.01.
	 	Indebtedness	  	 	49	 
	 Section 6.02.
	 	Liens	  	 	50	 
	 Section 6.03.
	 	Fundamental Changes	  	 	52	 
	 Section 6.04.
	 	Investments	  	 	52	 
	 Section 6.05.
	 	Restricted Payments	  	 	52	 
	 Section 6.06.
	 	Transactions with Affiliates	  	 	52	 
	 Section 6.07.
	 	Restrictive Agreements	  	 	53	 
	 Section 6.08.
	 	Constitutive Documents	  	 	53	 
	 Section 6.09.
	 	Limitations on New Businesses	  	 	53	 
	 Section 6.10.
	 	Maximum Leverage Ratio	  	 	54	 
		
	 ARTICLE VII Events of Default
	  	 	54	 
		
	 ARTICLE VIII The Administrative Agent
	  	 	56	 
		
	 ARTICLE IX Miscellaneous
	  	 	58	 
	 Section 9.01.
	 	Notices	  	 	58	 
	 Section 9.02.
	 	Waivers; Amendments	  	 	59	 
	 Section 9.03.
	 	Expenses; Indemnity; Damage Waiver	  	 	59	 
	 Section 9.04.
	 	Successors and Assigns	  	 	61	 
	 Section 9.05.
	 	Survival	  	 	65	 
	 Section 9.06.
	 	Counterparts; Integration; Effectiveness	  	 	65	 
	 Section 9.07.
	 	Severability	  	 	65	 
	 Section 9.08.
	 	Right of Setoff	  	 	66	 
	 Section 9.09.
	 	Governing Law; Jurisdiction; Consent to Service of Process    	  	 	66	 

  
 -ii- 

							
	 Section 9.10.
	 	WAIVER OF JURY TRIAL	  	 	67	 
	 Section 9.11.
	 	Headings	  	 	67	 
	 Section 9.12.
	 	Confidentiality	  	 	67	 
	 Section 9.13.
	 	Interest Rate Limitation	  	 	68	 
	 Section 9.14.
	 	USA Patriot Act	  	 	68	 
	 Section 9.15.
	 	Restricted and Unrestricted Subsidiaries	  	 	68	 
	 Section 9.16.
	 	No Personal Liability of Directors, Officers, Employees or Unitholders	  	 	68	 
	 Section 9.17.
	 	No Advisory or Fiduciary Responsibility	  	 	68	 
	 Section 9.18.
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	69	 

 SCHEDULES: 
  

					
	Schedule 2.01	  	–  	  	Commitments
	Schedule 3.05	  	–  	  	Disclosed Matters
	Schedule 3.11	  	–  	  	Subsidiaries
	Schedule 6.01	  	–  	  	Existing Indebtedness
	Schedule 6.02	  	–  	  	Existing Liens
	Schedule 6.07	  	–  	  	Existing Restrictions

 EXHIBITS: 
  

					
	Exhibit A	  	–	  	Form of Assignment and Assumption
	Exhibit B	  	–	  	Form of Note
	Exhibit C-1	  	–	  	Form of U.S. Tax Compliance Certificate (For Foreign Lenders That Are Not Partnerships for U.S. Federal Income Tax Purposes)
	Exhibit C-2	  	–	  	Form of U.S. Tax Compliance Certificate (For Foreign Participants That Are Not Partnerships for U.S. Federal Income Tax Purposes)
	Exhibit C-3	  	–	  	Form of U.S. Tax Compliance Certificate (For Foreign Participants That Are Partnerships for U.S. Federal Income Tax Purposes)
	Exhibit C-4	  	–	  	Form of U.S. Tax Compliance Certificate (For Foreign Lenders That Are Partnerships for U.S. Federal Income Tax Purposes)

  
 -iii- 

 THIS 364-DAY CREDIT AGREEMENT (this
“Agreement”) dated as of May 17, 2019, among MAGELLAN MIDSTREAM PARTNERS, L.P., a Delaware limited partnership (the “Borrower”), the LENDERS party hereto, WELLS FARGO BANK, NATIONAL ASSOCIATION, as
Administrative Agent and JPMORGAN CHASE BANK, N.A., as Syndication Agent. 
 RECITALS 

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

ARTICLE I 
 Definitions

 Section 1.01. Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 

“ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing,
are bearing interest at a rate determined by reference to the Alternate Base Rate. 
 “Acquisition Quarter” has the meaning
assigned to such term in Section 6.10. 
 “Adjusted LIBO Rate” means, with respect to any
Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate. 

“Administrative Agent” means Wells Fargo Bank, National Association, in its capacity as administrative agent for the Lenders
hereunder. 
 “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative
Agent. 
 “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or
more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Agreement”
shall have the meaning set forth in the introductory paragraph hereof. 
 “Alternate Base Rate” means, for any day, a rate
per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the FRBNY Rate in effect on such day plus 1⁄2 of 1% and (c) the LIBOR
Market Index Rate plus 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate, the FRBNY Rate or the LIBOR Market Index Rate shall be effective from and including the effective date of such change in the Prime Rate, the FRBNY
Rate or the LIBOR Market Index Rate, as the case may be. 

 “Anti-Corruption Laws” means all laws, rules and regulations of any
jurisdiction applicable to the Borrower or its Subsidiaries from time to time concerning or relating to bribery or corruption, including, without limitation, the United States Foreign Corrupt Practices Act of 1977, as amended, and the rules and
regulations thereunder. 
 “Applicable Percentage” means, with respect to any Lender, the percentage of the total
Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon either (a) the Commitments most recently in effect, giving effect to any
assignments or (b) if the Revolving Loans have been converted to Term Loans pursuant to Section 2.20, the percentage of the total Terms Loans represented by such Lender’s Term Loan. 

“Applicable Rate” means, for any day, with respect to any ABR Loan or Eurodollar Loan, or with respect to the commitment fees
payable hereunder, as the case may be, the applicable rate per annum set forth below under the caption “ABR Spread,” “Eurodollar Spread” or “Commitment Fee Rate,” as the case may be, based upon the ratings by
Moody’s and S&P, respectively, applicable on such date to the Index Debt: 
  

													
	 Index Debt Ratings
	  	ABR Spread	 	 	Eurodollar
Spread	 	 	Commitment Fee
Rate	 
	 Category 1 3
A-/A3
	  	 	0.000	% 	 	 	1.000	% 	 	 	0.075	% 
	 Category 2 BBB+/Baa1
	  	 	0.125	% 	 	 	1.125	% 	 	 	0.100	% 
	 Category 3 £ BBB/Baa2
	  	 	0.250	% 	 	 	1.250	% 	 	 	0.125	% 

 For purposes of the foregoing, (i) if either Moody’s or S&P shall not have in effect a rating
for the Index Debt (other than by reason of the circumstances referred to in the last sentence of this definition), then the Applicable Rate shall be based on the rating for the Index Debt established by the other rating agency; (ii) if the
ratings established or deemed to have been established by Moody’s and S&P for the Index Debt shall fall within different Categories, the Applicable Rate shall be based on the higher of the two ratings (unless one of the ratings is two or
more Categories lower than the other, in which case the Applicable Rate shall be determined by reference to the Category next below that of the higher of the two ratings); and (iii) if the ratings established or deemed to have been established
by Moody’s and S&P for the Index Debt shall be changed (other than as a result of a change in the rating system of Moody’s or S&P), such change shall be effective as of the date on which it is first announced by the applicable
rating agency, irrespective of when notice of such change shall have been furnished by the Borrower to the Administrative Agent and the Lenders pursuant to Section 5.01 or otherwise. Each change in the Applicable Rate shall
apply during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of Moody’s or S&P shall change, or if either such rating
agency shall cease to be in the business of rating corporate debt obligations, the Borrower and the Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings from such
rating agency and, pending the effectiveness of any such amendment, the Applicable Rate shall be determined by reference to the rating most recently in effect prior to such change or cessation. 

“Approved Fund” has the meaning assigned to such term in Section 9.04. 

  
 -2- 

 “ASC” has the meaning assigned to such term in the definition of
“Consolidated 
 EBITDA”. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of
any Person whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent. 

“Availability Period” means the period from and including the Effective Date to but excluding the Maturity Date. 

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

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 “Beneficial Ownership Certification” means a certification regarding beneficial ownership as
required by the Beneficial Ownership Regulation. 
 “Beneficial Ownership Regulation” means 31 CFR § 1010.230. 

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

“Borrower” has the meaning assigned to such term in the opening paragraph of this 

Agreement. 
 “Borrowing” means a
borrowing consisting of Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect. 

“Borrowing Request” means a request by the Borrower for a Revolving Borrowing in accordance with
Section 2.03. 
 “Business Day” means any day that is not a Saturday, Sunday or other day on
which commercial banks in New York City are authorized or required by Law to remain closed; provided that, when used in connection with a Eurodollar Loan, the term “Business Day” shall also exclude any day on which banks are
not open for dealings in dollar deposits in the London interbank market. 
 “Capital Leases” means, in respect of any
Person, all leases which shall have been, or should have been, in accordance with Section 1.04, recorded as capital leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent
thereunder; provided that for purposes of this Agreement and the other Loan Documents, the amount of obligations under any Capital Lease shall be the amount thereof accounted for as a liability on the balance sheet of such Person in
accordance with Section 1.04. 

  
 -3- 

 “Capital Lease Obligations” of any Person means the obligations of such
Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as Capital Leases on a
balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 

“Change in Control” means the occurrence of any of the following events: (a) the acquisition of greater than 50% of the
voting or economic interests in the General Partner by any Person, other than the Borrower or any of its Subsidiaries, unless such Person has a consolidated net worth of greater than $500,000,000; (b) the General Partner shall cease to directly own
and control, of record and beneficially, 100% of the general partner interests in the Borrower or the General Partner shall cease to be the sole general partner of the Borrower; and (c) any “person” or “group” (as such terms
are used in Sections 13(d) and 14(d) under the Exchange Act), shall become, the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange
Act) directly or indirectly, of a number of Units that would entitle such person or group to vote Units representing, in the aggregate, more than 50% of the total number of Outstanding Units at any annual meeting of the unitholders of the Borrower
or otherwise in the election of directors of the General Partner. 
 “Change in Law” means the occurrence, after the
Effective Date (or with respect to any Lender, if later, the date on which such Lender becomes a Lender), of any of the following: (a) the adoption or taking into 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, guideline or directive (whether or not having the force of law) of
any Governmental Authority; provided, however, 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, regulations, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Regulations and Supervisory Practices (or any successor or
similar authority) or any Governmental Authority with respect to the implementation of the Basel III Accord shall, in each case, be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 

“Charges” has the meaning set forth in Section 9.13. 

“Class”, when used in reference to any Loan or Borrowing, refers to such Loan, or the Loans comprising such Borrowing, as
Revolving Loans or if the Revolving Loans have been converted to Term Loans pursuant to Section 2.20 as Term Loans. 

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

  
 -4- 

 “Commitment” means, with respect to each Lender, the commitment of such
Lender to make Revolving Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to
Section 2.08 and (b) increased from time to time pursuant to Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to
Section 9.04. The initial amount of each Lender’s Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Commitment, as applicable. The
initial aggregate amount of the Lenders’ Commitments is $500,000,000. 
 “Connection Income Taxes” means Other
Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 

“Consolidated EBITDA” means, with respect to the Borrower and its Restricted Subsidiaries for any period, Consolidated Net
Income for such period plus, without duplication and to the extent reflected as a charge in the statement of such Consolidated Net Income for such period, the sum of (a) income or franchise tax expense, (b) total interest expense,
amortization or write-off of debt discount and debt issuance costs and commissions, discounts and other fees and charges associated with Indebtedness (including the Indebtedness hereunder), (c) all amounts
attributable to depreciation and amortization expense, including amortization of intangibles and organization costs, (d) any extraordinary non-cash expenses or losses, including, in any event, non-cash asset write-downs or any other non-cash loss or charge resulting from the impairment of long-lived assets or the sale of assets outside the ordinary course of
business, and any unrealized losses or negative adjustments under Accounting Standards Codification (“ASC”) 815 Derivatives and Hedging (and any ASC or other standards or statements replacing, modifying or superseding such ASC) as
the result of changes in the fair market value of Swap Agreements and (e) any extraordinary, unusual or non-recurring cash income or gains to the extent not included in Consolidated Net Income, and
minus, (i) to the extent included in the statement of such Consolidated Net Income for such period, any extraordinary, unusual or non-recurring non-cash
income or gains (including, whether or not otherwise includable as a separate item in the statement of such Consolidated Net Income for such period, gains on the sales of assets outside of the ordinary course of business), and any unrealized gains
or positive adjustments under ASC 815 Derivatives and Hedging (and any ASC or other standards or statements replacing, modifying or superseding such ASC) as the result of changes in the fair market value of Swap Agreements and (ii) any cash payments
made during such period in respect of items described in clause (d) above subsequent to the fiscal quarter in which the relevant non-cash expenses or losses were reflected as a charge in the statement of
Consolidated Net Income, all as determined on a consolidated basis. Additionally, for purposes of calculating Consolidated EBITDA for any period, if a Material Acquisition occurs during such period, the Consolidated EBITDA attributable to the assets
acquired as a result of such Material Acquisition or an amount equal to the percentage of ownership of the Borrower or a Controlled Subsidiary, as the case may be, in the Subsidiary or Permitted Joint Venture acquired as a result of such Material
Acquisition (which percentage, in the case of an acquired Restricted Subsidiary, shall be deemed to be 100%) times the Consolidated EBITDA of such Subsidiary or Permitted Joint Venture, for such period determined on a pro forma basis may be included
as Consolidated EBITDA for such period as if such Material Acquisition occurred on the first day of such period; provided, that during the portion of such period that follows such acquisition, the computation in respect of the Consolidated
EBITDA of such Subsidiary or Permitted Joint Venture or such assets, as the case may be, shall be made on the basis of actual (rather than pro forma) results. Such pro forma calculations with respect to a Material Acquisition 

  
 -5- 

 shall include any dividends or similar distributions for such period made prior to such Material Acquisition
by the Subsidiary or Permitted Joint Venture that is being acquired. Such pro forma calculations shall be determined (1) in good faith by a Financial Officer and (2) without giving effect to any anticipated or proposed change in
operations, revenues, expenses or other items included in the computation of Consolidated EBITDA unless otherwise approved by the Administrative Agent, such approval not to be unreasonably withheld. In connection with any Material Project,
Consolidated EBITDA, as used in determining the Leverage Ratio, shall be modified so as to include Material Project EBITDA Adjustments. 

“Consolidated Indebtedness” means the consolidated Indebtedness of the Borrower and its Restricted Subsidiaries. For the
purpose of calculating the Leverage Ratio, “Consolidated Indebtedness” shall not include obligations of the Borrower or any Restricted Subsidiaries under any Hybrid Securities. 

“Consolidated Net Income” means for any period, the consolidated net income (or loss) of the Borrower and its Restricted
Subsidiaries, as applicable, determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded (to the extent otherwise included therein) (a) the income (or deficit) of any Person accrued prior to the date
it becomes a Restricted Subsidiary of the Borrower, or is merged into or consolidated with the Borrower or any of its Restricted Subsidiaries, as applicable, (b) the income (or deficit) of any Person (other than a Restricted Subsidiary of the
Borrower, as applicable) in which the Borrower or any of its Restricted Subsidiaries, as applicable, has an ownership interest, except to the extent described in the final proviso of this definition, and (c) the undistributed earnings of any
Restricted Subsidiary of the Borrower, to the extent that the declaration or payment of dividends or similar distributions by such Restricted Subsidiary is not at the time permitted by the terms of any Contractual Obligation (other than under any
Loan Document) or by any Law applicable to such Restricted Subsidiary; and provided, further, that Consolidated Net Income shall include dividends or similar distributions received by the Borrower or any of its Restricted Subsidiaries
from any Person (other than a Restricted Subsidiary of the Borrower) in which the Borrower or any of its Restricted Subsidiaries, as applicable, has an ownership interest. 

“Consolidated Net Tangible Assets” means the aggregate amount of assets (less applicable reserves and other properly
deductible items) after deducting therefrom (a) the book value of all goodwill, customer lists, covenants not to compete, trade names, trademarks, patents, copyrights, franchises, organization expenses, formulas and processes, option rights,
and other like intangibles and (b) all current liabilities (other than (i) any current liabilities that by their terms are extendable or renewable at the option of the obligor thereon to a time more than 12 months after the time as of
which the amount thereof is being computed and (ii) current maturities of long term debt); all as reflected in the Borrower’s most recent consolidated balance sheet contained in the Borrower’s financial statements most recently
delivered to the Administrative Agent pursuant to Section 5.01(a) or (b) prior to the time as of which “Consolidated Net Tangible Assets” shall be determined. 

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

  
 -6- 

 “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 Subsidiary” means a Subsidiary that is Controlled by the Borrower. 

“Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy,
assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights
of creditors generally. 
 “Default” means any event or condition which constitutes an Event of Default or which upon
notice, lapse of time or both would, unless cured or waived, become an Event of Default. 
 “Defaulting Lender” means,
subject to Section 2.21(b), any Lender that, as determined by the Administrative Agent, (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to
be funded by it hereunder unless such Lender notifies the Administrative Agent and the Borrower 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, or (ii) pay to the Administrative Agent or any other Lender any other amount required to be paid by it
hereunder within two Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent or any other Lender in writing, or has made a public statement to that effect, that it does not intend to comply with its funding
obligations hereunder (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s good faith determination that a condition precedent to
funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied) or generally under other agreements in which it commits to extend credit,
(c) has failed, within three Business Days after request by the Administrative Agent, to confirm in writing in a manner satisfactory to the Administrative Agent that it will comply with its funding obligations hereunder (provided that such
Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a
proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business, including the Federal Deposit
Insurance Corporation or any other state or federal regulatory authority acting in such capacity, or a custodian appointed for it, (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such
proceeding or appointment or (iv) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity
interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority; provided, further, that such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of the
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 or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or
agreements made by such Person. 

  
 -7- 

 “Disclosed Matters” means the actions, suits and proceedings and the
environmental matters disclosed in Schedule 3.05 or previously disclosed in the Borrower’s publicly available filings with the SEC. 

“Dispose” means with respect to any property, to sell, lease, engage in a sale and leaseback with respect thereto, assign,
convey, transfer or otherwise dispose thereof. The term “Disposition” shall have a correlative meaning. 

“Dissenting Lender” has the meaning assigned to such term in Section 2.18(b). 

“dollars” or “$” refers to lawful money of the United States of America. 

“EDGAR” means the Electronic Data Gathering, Analysis, and Retrieval computer system for the receipt, acceptance, review and
dissemination of documents submitted to the SEC in electronic format, or any system that is a successor thereto. 
 “EEA Financial
Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which
is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition
and is subject to consolidated supervision with its parent. 
 “EEA Member Country” means any of the member states of the
European Union, Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public administrative authority
or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” means the date on which the conditions specified in Section 4.01 are satisfied (or
waived in accordance with Section 9.02). 
 “Environmental Laws” means all applicable laws,
rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, or legally enforceable directives issued, promulgated or entered into by any Governmental Authority, relating to the environment, preservation or reclamation of natural
resources, the management or release of any Hazardous Material. 
 “Environmental Liability” means any liability (including
any liability for damages, costs of environmental remediation, fines, penalties or indemnities) of the Borrower or any Subsidiary resulting from or based upon (a) violation of any Environmental Law, (b) exposure to any Hazardous Materials,
(c) the release of any Hazardous Materials into the environment or (d) any contract or other written agreement pursuant to which liability is assumed by or imposed against Borrower or any Subsidiary with respect to any of the foregoing.

  
 -8- 

 “Equity Interests” means shares of capital stock, partnership interests,
membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity
interest. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a
single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code. 

“ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations
issued thereunder with respect to a Plan (other than an event for which the 30 day notice period is waived); (b) the existence with respect to any Plan of any unpaid “minimum required contribution” (as defined in Section 430 of the
Code or Section 303 of ERISA), whether or not waived, or with respect to a Multiemployer Plan, any “accumulated funding deficiency” (as defined in Section 431 of the Code or Section 304 of ERISA), whether or not waived;
(c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA
Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate
any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or
(g) the receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a
Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA. 
 “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to
time. 
 “Eurodollar”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans
comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 
 “Event of
Default” has the meaning assigned to such term in Article VII. 
 “Exchange Act” means the Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 

  
 -9- 

 “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 applicable 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 Borrower under Section 2.18(b)) or (ii) such Lender changes
its lending office, except in each case to the extent that, pursuant to Section 2.16, 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 2.16(f) and (d) any Taxes imposed under FATCA. 

“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 and any agreement entered into pursuant to Section 1471(b)(1) of the Code (or any amended or
successor version described above), and any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to such
intergovernmental agreement. 
 “Federal Funds Effective Rate” means, for any day, the rate calculated by the FRBNY based
on such day’s federal funds transactions by depositary institutions, as determined in such manner as the FRBNY shall set forth on its public website from time to time, and published on the next succeeding Business Day by the FRBNY as the
federal funds effective rate, provided that if the Federal Funds Effective Rate shall be less than zero, such rate shall be deemed to zero for the purposes of this Agreement. 

“Fee Letter” means, individually and collectively as the context may require, (a) the Wells Fargo Fee Letter and
(b) the letter agreement dated April 22, 2019, between the Borrower and JPMorgan Chase Bank, N.A. pertaining to, among other things, certain fees payable to JPMorgan Chase Bank, N.A. 

“Financial Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the General
Partner. 
 “Foreign Lender” means any Lender that is not a U.S. Person. 

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

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

  
 -10- 

 “GAAP” means generally accepted accounting principles in the United States
of America, as in effect from time to time. 
 “General Partner” means Magellan GP, LLC, a Delaware limited liability
company and the general partner of the Borrower or any other Controlled Subsidiary that is admitted to the Borrower as general partner thereof, in its capacity as general partner of the Borrower. 

“Governmental Approval” means (a) any authorization, consent, approval, license, waiver, ruling, permit, tariff, rate,
certification, exemption, filing, variance, claim, order, judgment, decree, sanction or publication of, by or with; (b) any notice to; (c) any declaration of or with; or (d) any registration by or with, or any other action or deemed action
by or on behalf of, any Governmental Authority. 
 “Governmental Authority” means the government of the United States of
America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory
or administrative powers or functions of or pertaining to government (including the European Union or the European Central Bank). 

“Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the
guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the
guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the
payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other
financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to
support such Indebtedness or obligation; provided that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. The amount of any Guarantee shall be deemed to be an amount equal to the
stated or determinable amount of the related primary obligations, or portion thereof, in respect of which Guarantee is made or, if not so stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by such
Person in good faith. 
 “Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or
toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas and all other substances or wastes of any nature regulated pursuant to any
applicable Environmental Law. 

  
 -11- 

 “Hybrid Securities” means any trust preferred securities, or deferrable
interest subordinated debt with a maturity of at least 20 years, which provides for the optional or mandatory deferral of interest or distributions, issued by Borrower, or any business trusts, limited liability companies, limited partnerships or
similar entities (a) substantially all of the common equity, general partner or similar interests of which are owned (either directly or indirectly through one or more wholly owned Restricted Subsidiaries) at all times by Borrower or any of its
Restricted Subsidiaries, (b) that have been formed for the purpose of issuing trust preferred securities or deferrable interest subordinated debt, and (c) substantially all the assets of which consist of (i) subordinated debt of
Borrower or a Restricted Subsidiary and (ii) payments made from time to time on the subordinated debt. 

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money,
(b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person,
(d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding accounts payable incurred in the ordinary course of business that are not overdue for a period of more than 90 days), (e) other than
as contemplated by Section 6.02(l), 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 property owned or
acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by such Person of Indebtedness of others, (g) all Capital Lease Obligations of such Person, (h) all obligations, contingent
or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty and (i) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances; provided, however,
that in no event shall “Indebtedness” include any contingent reimbursement obligation arising under a letter of credit issued pursuant to the Long-Term Credit Agreement to the extent such reimbursement obligation has been cash
collateralized in accordance with the terms thereof. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor
as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor. 

“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 Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Index Debt” means senior, unsecured, long-term indebtedness for borrowed money of the Borrower that is not guaranteed by any
other Person or subject to any other credit enhancement. 
 “Interest Election Request” means a request by the Borrower to
convert or continue a Borrowing in accordance with Section 2.07. 
 “Interest Payment Date” means
(a) with respect to any ABR Loan, the last day of each March, June, September and December and (b) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in
the case of a Eurodollar Borrowing with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest
Period. 

  
 -12- 

 “Interest Period” means with respect to any Eurodollar Borrowing, the
period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or less than one month, if agreed to by all of the Lenders) thereafter, as the Borrower may
elect; provided that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next
calendar month, in which case such Interest Period shall end on the next preceding Business Day and (b) any Interest Period pertaining to a Eurodollar Borrowing that commences on the last Business Day of a calendar month (or on a day for which
there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the
date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“Joint Bookrunners and Lead Arrangers” means Wells Fargo Securities, LLC and JPMorgan Chase Bank, N.A., in their capacity as
Joint Bookrunners and Lead Arrangers hereunder. 
 “Law” means all laws, statutes, treaties, ordinances, codes, acts,
rules, regulations, Government Approvals and orders of all Governmental Authorities, whether now or hereafter in effect. 

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

“Leverage Ratio” means, at any date, the ratio of (a) (x) Consolidated Indebtedness at such date less
(y) the amount of unrestricted cash and cash equivalents (that in both cases are not subject to any Liens other than Permitted Encumbrances) on the balance sheet of the Borrower and its Restricted Subsidiaries as of such date not to exceed
$250,000,000 to (b) Consolidated EBITDA for the four consecutive fiscal quarters most recently ended on or prior to such date for which financial information is available. 

“LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing on the Reuters
Reference LIBOR01 page (or any successor thereto or substitute therefor provided by Reuters, providing rate quotations comparable to those currently provided on such page, as determined by the Administrative Agent from time to time for purposes of
providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, as the rate for dollar deposits with
a maturity comparable to such Interest Period (but if such rate is less than zero, such rate shall be deemed zero for purposes of this Agreement). In the event that such rate is not available at such time for any reason, then the “LIBO
Rate” with respect to such Eurodollar Borrowing for such Interest Period shall be the rate at which 

  
 -13- 

 dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are offered by the
principal London office of the Administrative Agent in immediately available funds in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period (but if such rate is less
than zero, such rate shall be deemed zero for purposes of this Agreement). 
 “LIBOR Market Index Rate” means, for any day,
the rate for one month U.S. dollar deposits as reported on the Reuters Reference LIBOR01 page (or any successor thereto or substitute therefor provided by Reuters, providing rate quotations comparable to those currently provided on such page, as
determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, for such day (but if such rate is
less than zero, such rate shall be deemed zero for purposes of this Agreement), provided, if such day is not a Business Day, the immediately preceding Business Day (or if not so reported, then as determined by the Administrative Agent from
another recognized source or interbank quotation (but if such rate is less than zero, such rate shall be deemed zero for purposes of this Agreement)). 

“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance,
charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, Capital Lease or title retention agreement (or any financing lease having substantially the same economic effect
as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities. 

“Loan Documents” means this Agreement, any Notes, the Fee Letter and any other agreements and documents executed and
delivered in connection with this Agreement. 
 “Loans” means the loans (including Revolving Loans and if the Revolving
Loans have been converted to Term Loans pursuant to Section 2.20, Term Loans) made by the Lenders to the Borrower pursuant to this Agreement. 

“Long-Term Credit Agreement” means that certain Second Amended and Restated Credit Agreement dated as of October 26,
2017, among the Borrower, Wells Fargo Bank, National Association, as administrative agent and the lenders party thereto, together with any and all amendments and supplements thereto. 

“Material Acquisition” shall mean one or more acquisitions by the Borrower and/or the Controlled Subsidiaries of assets or
Equity Interests in a Subsidiary or Permitted Joint Venture in any rolling 12-month period for an aggregate purchase price of not less than $30,000,000. 

“Material Adverse Change” means any event, development or circumstance that has had or could reasonably be expected to have a
material adverse effect on (a) the business, assets, or financial condition of the Borrower and its Restricted Subsidiaries taken as a whole, or (b) the validity or enforceability of any material provision of the Loan Documents or any material
rights or remedies of the Administrative Agent and the Lenders hereunder. 

  
 -14- 

 “Material Indebtedness” means Indebtedness (other than the Loans) and
obligations in respect of one or more Swap Agreements, of any one or more of the Borrower and its Restricted Subsidiaries in an aggregate principal amount outstanding exceeding $100,000,000. For purposes of determining Material Indebtedness, the
“principal amount” of the obligations of the Borrower or any Restricted Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such
Restricted Subsidiary would be required to pay if such Swap Agreement were terminated at such time. 
 “Material Project”
shall mean any capital project, including an expansion of an existing project of the Borrower, any Subsidiary or any Permitted Joint Venture the aggregate capital cost of which is reasonably expected by the Borrower to exceed $20,000,000. 

“Material Project EBITDA Adjustments” shall mean, with respect to each Material Project, (a) prior to completion of the
Material Project, certain pro forma adjustments added to actual Consolidated EBITDA for the Borrower and its Restricted Subsidiaries for the fiscal quarter in which construction of such Material Project commences and for each fiscal quarter
thereafter until completion of the Material Project (net of any actual Consolidated EBITDA of the Borrower or its Restricted Subsidiaries attributable to such Material Project following its completion), including the fiscal quarter in which
completion occurs, such adjustments to be based on a percentage (based on the then-current completion percentage of the Material Project and the ownership percentage in the Material Project by the Borrower, Subsidiary or Permitted Joint Venture) of
an amount to be approved by the Administrative Agent, such approval not to be unreasonably withheld, conditioned or delayed, as the projected Consolidated EBITDA of the Borrower or its Restricted Subsidiaries attributable to such Material Project
(such amount to be determined based on customer contracts relating to such Material Project, the creditworthiness of the other parties to such contracts and projected revenues from such contracts, capital costs and expenses, scheduled completion,
and other factors deemed appropriate by Administrative Agent); provided that if construction of the Material Project is not completed by the scheduled completion date, then the foregoing amount shall be reduced, for periods ending after the
scheduled completion, by the following percentage amounts depending on the period of delay for completion (based on the period of actual delay or then-estimated delay, whichever is longer): (i) 90 days or less, 0%, (ii) longer than 90 days, but not
more than 180 days, 25%, (iii) longer than 180 days but not more than 270 days, 50%, and (iv) longer than 270 days, 100%; and (b) beginning with the first full fiscal quarter following completion of the Material Project and for the two
immediately succeeding fiscal quarters, an amount equal to the projected Consolidated EBITDA of the Borrower or its Restricted Subsidiaries attributable to the Material Project for the balance of the four full fiscal quarter period following
completion shall be added to the actual Consolidated EBITDA of the Borrower or its Restricted Subsidiaries attributable to the Material Project for such fiscal quarter or quarters, for determining Consolidated EBITDA for the fiscal quarter then
ending and the immediately preceding three fiscal quarters. Notwithstanding the foregoing, (i) no such additions shall be allowed with respect to any Material Project unless not later than 30 days (or such shorter time period as may be agreed
by the Administrative Agent in its sole discretion) prior to the delivery of any certificate required by the terms and provisions of Section 5.01(c) to the extent Material Project EBITDA Adjustments will be made to
Consolidated EBITDA in determining compliance with Section 6.10, the Borrower shall have delivered to the Administrative Agent, and the Administrative Agent shall have approved (such approval not to be unreasonably
withheld, conditioned or delayed), written pro forma projections of Consolidated EBITDA of the Borrower or its Restricted Subsidiaries attributable to such Material Project and such other information and documentation as the Administrative Agent may
reasonably request, 

  
 -15- 

 all in form and substance satisfactory to the Administrative Agent, and (ii) the aggregate amount of
all Material Project EBITDA Adjustments during any period shall be limited to 25% of the total actual Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such period (which total actual Consolidated EBITDA shall be determined
without including any Material Project EBITDA Adjustments or any adjustments in respect of any Material Acquisitions as provided in the definition of Consolidated EBITDA). 

“Maturity Date” means the earlier of (x) the later of (a) the date that is 364 days after the Effective Date and
(b) the Term Loan Maturity Date, if applicable, and (y) the date which is the effective date of any other termination (other than a termination of the Commitments in connection with the Borrower’s exercise of the Term-Out option), cancellation or acceleration of all Commitments hereunder in accordance with the terms hereof. 

“Maximum Rate” has the meaning set forth in Section 9.13. 

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

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA. 

“Note” means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially
in the form of Exhibit B. 
 “Obligations” means all obligations (monetary or otherwise) of the Borrower and each of
its Subsidiaries arising under or in connection with this Agreement and each other Loan Document. 
 “OFAC” means the U.S.
Department of the Treasury’s Office of Foreign Assets 
 Control. 

“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 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 2.18(b)). 

“Outstanding Units” has the meaning set forth in the Partnership Agreement. 

  
 -16- 

 “Overnight Bank Funding Rate” means, for any day, the rate comprised of
both overnight federal funds and overnight eurodollar borrowings by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the FRBNY as set forth on its public website from time to time, and published
on the next succeeding Business Day by the FRBNY as an overnight bank funding rate (from and after such date as the FRBNY shall commence to publish such composite rate). 

“Participant” has the meaning set forth in Section 9.04. 

“Participant Register” has the meaning set forth in Section 9.04(c)(iii). 

“Partnership Agreement” means the Fifth Amended and Restated Agreement of Limited Partnership of the Borrower dated as of
September 28, 2009, as amended by Amendment No. 1 to Fifth Amended and Restated Agreement of Limited Partnership of the Borrower dated October 27, 2011 and by Amendment No. 2 to Fifth Amended and Restated Agreement of Limited
Partnership dated January 16, 2017 and as may be further amended from time to time in accordance with Section 6.08. 

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing
similar functions. 
 “Pension Plan” shall have the meaning set forth in Section 3(2)(A) of ERISA (other than a
Multiemployer Plan), established or maintained by the Borrower or any of its Restricted Subsidiaries or any ERISA Affiliate or as to which the Borrower or any of its Restricted Subsidiaries or any ERISA Affiliate contributes or is a member or
otherwise may have any liability. 
 “Permitted Encumbrances” means: 

(a) Liens imposed by Law for Taxes that are not yet delinquent or are being contested in compliance with
Section 5.04; 
 (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and
other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 60 days or are being contested in compliance with Section 5.04; 

(c) pledges and deposits made in the ordinary course of business (i) in compliance with workers’ compensation, unemployment insurance
and other social security laws or regulations or (ii) securing deductibles, insurance premiums, co-payment, co-insurance, retentions and similar obligations to
providers of insurance; and (iii) pledges and deposits in the ordinary course of business securing liability for reimbursement or indemnification obligations to (including obligations in respect of letters of credit or bank guarantees for the
benefit of) insurance carriers providing property, casualty or liability insurance to the General Partner, the Borrower or any Restricted Subsidiary; 

(d) deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and
other obligations of a like nature, in each case in the ordinary course of business; 

  
 -17- 

 (e) judgment liens in respect of judgments that do not constitute an Event of Default under
clause (k) of Article VII; 
 (f) easements, zoning restrictions, rights-of-way and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value of
the affected property or interfere with the ordinary conduct of business of the Borrower and the Restricted Subsidiaries, taken as a whole; 

(g) Liens securing obligations (other than obligations representing Indebtedness for borrowed money) under operating, reciprocal easement or
similar agreements entered into in the ordinary course of business of the Borrower and its Subsidiaries; 
 (h) licenses of patents,
trademarks and other intellectual property rights granted by the Borrower or any of its Subsidiaries in the ordinary course of business and not interfering in any material respect with the ordinary conduct of the business of the Borrower or such
Subsidiary; 
 (i) the lien reserved in leases for rent and for compliance with the terms of the lease in the case of leasehold estates; 

(j) any Lien in favor of any Governmental Authority to secure partial, progress, advance or other payments pursuant to any contract or statute,
or any Lien securing industrial development, pollution control or similar revenue bonds; and 
 (k) any easements, exceptions or reservations
in any property or assets granted or reserved for the purpose of pipelines, roads, the removal of oil, gas, coal or other minerals, and other like purposes, or for the joint or common use of real property, facilities and equipment which are
incidental to, and do not materially interfere with, the ordinary conduct of the Borrower’s and/or its Subsidiaries’ business; 
 provided
that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness except as otherwise permitted above. 

“Permitted Joint Venture” means any Person (other than a Subsidiary) in which the Borrower, directly or through Subsidiaries,
holds Equity Interests representing less than 100% of the total outstanding Equity Interests of such Person and, with respect to which, the Borrower is not in violation of the covenant set forth in Section 6.04. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Plan” means any employee pension benefit plan (other than a
Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under
Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 

  
 -18- 

 “Prime Rate” means 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; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective. 

“Qualified Securitization Financing” means a receivables securitization facility entered into by the Borrower or a Restricted
Subsidiary, as such facility may be amended, restructured, supplemented, restated or otherwise modified from time to time, provided that no such amendment, supplement, restructuring or modification shall change the scope of such facility from that
of a receivables securitization transaction and the aggregate amount of such facility shall not exceed $250,000,000. 

“Recipient” means, as applicable, (a) the Administrative Agent and (b) any Lender. 

“Register” has the meaning set forth in Section 9.04(b)(iv). 

“Regulation D” means Regulation D of the Board, as the same is from time to time in effect, and all official rulings and
interpretations thereunder or thereof. 
 “Regulation T” means Regulation T of the Board, as the same is from time to time
in effect, and all official rulings and interpretations thereunder or thereof. 
 “Regulation U” means Regulation U of the
Board, as the same is from time to time in effect, and all official rulings and interpretations thereunder or thereof. 

“Regulation X” means Regulation X of the Board, as the same is from time to time in effect, and all official rulings and
interpretations thereunder or thereof. 
 “Related Parties” means, with respect to any specified Person, such Person’s
Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 

“Required Lenders” means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing, in the
aggregate, more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time; provided that the Revolving Credit Exposure and unused Commitment of any Defaulting Lender shall be excluded for purposes of
making a determination of Required Lenders; and provided further, if the Revolving Loans have been converted to Term Loans pursuant to Section 2.20, from and after the effective date of such conversion, “Required
Lenders” means Lenders having more than 50% of the aggregate outstanding principal amount of the Term Loans. 
 “Replacement
Rate” has the meaning assigned to such term in Section 2.13(b). 
 “Response” means (a)
“response” as such term is defined in CERCLA, 42 U.S.C. §9601(25), and (b) all other actions required by any Governmental Authority or voluntarily undertaken to: (i) clean up, remove, treat, abate, or in any other way
address any Hazardous Material in the environment; (ii) prevent the release of any Hazardous Material; or (iii) perform studies and investigations in connection with clause (i) or (ii) above. 

  
 -19- 

 “Restricted Payment” means any dividend or other distribution (whether in
cash, securities or other property) with respect to any Equity Interests in the Borrower or any Subsidiary, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase,
redemption, retirement, acquisition, cancellation or termination of any such Equity Interests in the Borrower. 
 “Restricted
Subsidiary” means any Subsidiary other than an Unrestricted Subsidiary; provided that, as of the Effective Date, each Subsidiary as of such date is a Restricted Subsidiary. 

“Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of
such Lender’s Revolving Loans at such time. 
 “Revolving Loan” means a Loan made pursuant to
Section 2.03. 
 “S&P” means Standard & Poor’s, a division of the McGraw-Hill
Companies, Inc.. 
 “Sanctioned Country” means, at any time, a country, region or territory which is itself, or whose
government is, the subject or target of any Sanctions (at the Effective Date, Crimea, Cuba, Iran, North Korea, Sudan and Syria). 

“Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons
maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority, (b) any Person operating, organized or resident in a Sanctioned
Country or (c) any Person owned or controlled by any such Person or Persons described in clauses (a) or (b). 

“Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by
the U.S. government (including those administered by OFAC), the European Union, Her Majesty’s Treasury, or other relevant sanctions authority. 

“SEC” means the Securities and Exchange Commission (or successors thereto or an analogous Governmental Authority). 

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

  
 -20- 

 “subsidiary” means, with respect to any Person (the
“parent”) at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements
if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests
representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of
such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

“Subsidiary” means any subsidiary of the Borrower. 

“Swap Agreement” means any agreement with respect to 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; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the
Borrower or the Subsidiaries shall be a Swap Agreement. 
 “Taxes” means any and all present or future taxes, assessments,
levies, imposts, duties, deductions, charges or withholdings (including backup withholding) imposed by any Governmental Authority and any and all liabilities (including interest, fines, penalties or additions to tax) with respect to the foregoing.

 “Term-Out” means the Borrower’s election, at its option, to have the entire
principal balance of the Revolving Loans then outstanding converted to non-revolving Term Loans in accordance with Section 2.20. 

“Term Loans” has the meaning assigned to such term in Section 2.20. 

“Term Loan Maturity Date” means, if the Borrower has elected the Term-Out option in
accordance with Section 2.20, the date that is two years and 364 days after the Effective Date. 
 “Transactions”
means the execution, delivery and performance by the Borrower of this Agreement, the borrowing of Loans, and the use of the proceeds thereof. 

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate, the Alternate Base Rate or the LIBOR Market Index Rate. 

“Units” has the meaning set forth in the Partnership Agreement 

“Unrestricted Subsidiary” means any Subsidiary designated as an Unrestricted Subsidiary pursuant to
Section 9.15 subsequent to the Effective Date and any Subsidiary formed or acquired by an Unrestricted Subsidiary following such Unrestricted Subsidiary’s designation. 

  
 -21- 

 “U.S. Person” means any Person that is a “United States Person”
as defined in Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance Certificate” has the meaning set forth in
Section 2.16(f)(ii)(B)(3). 
 “Wells Fargo Fee Letter” means the letter agreement dated April 22,
2019, between the Borrower, the Administrative Agent and Wells Fargo Securities, LLC pertaining to, among other things, certain fees payable to the Administrative Agent and to Wells Fargo Securities, LLC. 

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 “Withholding Agent” means
the Borrower and the Administrative Agent. 
 “Write-Down and Conversion Powers” means, with respect to any EEA Resolution
Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers
are described in the EU Bail-In Legislation Schedule. 
 Section 1.02. Classification of
Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Revolving Loan”) or by Type (e.g., a “Eurodollar Loan”). Borrowings also may be classified and
referred to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”). 

Section 1.03. Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase
“without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement,
instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or
modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of similar
import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of,
and Exhibits and Schedules to, this Agreement and (e) 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. 
 Section 1.04. Accounting Terms; GAAP. Except as otherwise expressly
provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Borrower notifies the Administrative Agent that the Borrower requests an
amendment to any provision hereof to eliminate the effect of any change 

  
 -22- 

 occurring after the Effective Date in GAAP or in the application thereof on the operation of such provision
(or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application
thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in a manner satisfactory
to the Borrower and the Required Lenders. Notwithstanding anything to the contrary contained herein, any lease that would have been characterized as an operating lease in accordance with GAAP prior to the date of the Borrower’s adoption of ASC
842 (whether or not such lease was in effect on such date) shall not be treated as a Capital Lease, and any such lease shall be, for all purposes of this Agreement, treated as though it were reflected on the Borrower’s financial statements in
the same manner as an operating lease would have been reflected prior to Borrower’s adoption of ASC 842. 
 Section 1.05.
Divisions. For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or
liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence,
such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time. 

ARTICLE II 
 The Credits

 Section 2.01. Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Revolving
Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment or (b) the sum of the
total Revolving Credit Exposures exceeding the total Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and re-borrow Revolving
Loans. 
 Section 2.02. Loans and Borrowings. 

(a) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans made by the Lenders ratably in accordance with their
respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be
responsible for any other Lender’s failure to make Loans as required. 
 (b) Subject to Section 2.13, each
Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of
such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 

  
 -23- 

 (c) At the commencement of each Interest Period for any Eurodollar Revolving Borrowing, such
Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $1,000,000. At the time that each ABR Revolving Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of
$1,000,000 and not less than $1,000,000; provided that an ABR Revolving Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments. Borrowings of more than one Type may be outstanding at the
same time; provided that there shall not at any time be more than a total of ten (10) Eurodollar Revolving Borrowings outstanding. 

(d) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue,
any Loan if the Interest Period requested with respect thereto would end after the Maturity Date. 
 Section 2.03. Requests for
Revolving Borrowings. To request a Revolving Borrowing, the Borrower shall notify the Administrative Agent of such request by telephone, e-mail or facsimile (a) in the case of a Eurodollar Borrowing,
not later than 11:00 a.m., New York City time, three Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing. Each such
Borrowing Request shall be irrevocable and, if telephonic, shall be confirmed promptly by e-mail or facsimile to the Administrative Agent of a written Borrowing Request in a form approved by the Administrative
Agent and signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02: 

(i) the aggregate amount of the requested Borrowing; 

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

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

(iv) in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period;” and 
 (v) the location and number of the
Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.06. 
 If no
election as to the Type of Revolving Borrowing is specified, then the requested Revolving Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurodollar Revolving Borrowing, then the Borrower shall
be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount
of such Lender’s Loan to be made as part of the requested Borrowing. 
 Section 2.04. Reserved. 

Section 2.05. Reserved. 

  
 -24- 

 Section 2.06. Funding of Borrowings. 

(a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by
1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting or
transferring by wire the amounts so received, in like funds, to an account of the Borrower designated by the Borrower in the applicable Borrowing Request. 

(b) Unless the Administrative Agent shall have received notice from a Lender prior to the proposed time of any Borrowing that such Lender will
not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available at such time in accordance with paragraph (a) of this Section
and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender
and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date
of payment to the Administrative Agent, at (i) in the case of such Lender, 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 or
(ii) in the case of the Borrower, the interest rate applicable to ABR Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing and the
Administrative Agent shall promptly refund any amount paid by the Borrower to the Administrative Agent as provided in this clause (including interest thereon to the extent paid by the Borrower); provided, however, that nothing herein
shall be deemed to relieve any Lender from its obligations hereunder or to prejudice any rights which the Administrative Agent or the Borrower may have against any Lender as a result of any default of such Lender hereunder. 

Section 2.07. Interest Elections. 

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

  
 -25- 

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

If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have
selected an Interest Period of one month’s duration. 
 (d) Promptly following receipt of an Interest Election Request, the
Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 
 (e) If
the Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest
Period such Borrowing shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the
Borrower, then, so long as an Event of Default is continuing (i) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing
at the end of the Interest Period applicable thereto. 
 Section 2.08. Termination and Reduction of Commitments. 

(a) Unless previously terminated in accordance with the terms hereof, the Commitments shall terminate on the earlier of (i) the Maturity
Date and (ii) the date the Revolving Loans are converted to Term Loans pursuant to Section 2.20. 
 (b) The
Borrower may at any time terminate, or from time to time reduce, the Commitments; provided that (i) each reduction of the Commitments shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000 and
(ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.10, the sum of the Revolving Credit Exposures would exceed
the total Commitments. 

  
 -26- 

 (c) The Borrower shall notify the Administrative Agent of any election to terminate or
reduce the Commitments under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of
any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments delivered by
the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if
such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments shall be made ratably among the Lenders in accordance with their respective Commitments. 

Section 2.09. Repayment of Loans; Evidence of Debt. 

(a) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal
amount of each Revolving Loan on the Maturity Date or, if the Revolving Loans have been converted to Term Loans pursuant to Section 2.20, each Term Loan on the Term Loan Maturity Date. 

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

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

(e) Any Lender may request that Loans made by it be evidenced by a Note. In such event, the Borrower shall prepare, execute and deliver to such
Lender a Note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns). Thereafter, the Loans evidenced by such Note and interest thereon shall at all times (including after assignment pursuant to
Section 9.04) be represented by one or more Notes payable to the payee named therein (or, if such Note is a registered note, to such payee and its registered assigns). 

  
 -27- 

 Section 2.10. Prepayment of Loans. 

(a) The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in
accordance with paragraph (b) of this Section. 
 (b) The Borrower shall notify the Administrative Agent by telephone (confirmed
by e-mail or facsimile), e-mail or facsimile of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., New
York City time, three Business Days before the date of prepayment or (ii) in the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall
specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as
contemplated by Section 2.08, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.08. Promptly following receipt of any such notice
relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as
provided in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by
Section 2.12. 
 Section 2.11. Fees. 

(a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee, which shall accrue at the
Applicable Rate on the daily amount of the Commitment of such Lender less the sum of the outstanding principal amount of such Lender’s Revolving Loans, during the period from and including the Effective Date to but excluding the date on which
such Commitment terminates. Accrued commitment fees shall be payable in arrears on the last day of March, June, September and December of each year and on the date on which the Commitments terminate, commencing on the first such date to occur after
the Effective Date. All commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 

(b) Reserved. 
 (c) Additionally,
the Borrower agrees to pay to the Administrative Agent, for its own account and for the accounts of the Lenders hereunder, fees payable in the amount and at the times separately agreed upon pursuant to the Wells Fargo Fee Letter. 

(d) All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent or the other parties
to which such fees are to be paid for distribution, in the case of commitment fees and participation fees, to the Lenders or to the Joint Bookrunners and Lead Arrangers, as applicable. Fees paid shall not be refundable under any circumstances. 

  
 -28- 

 Section 2.12. Interest. 

(a) The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate. 

(b) The Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such
Borrowing plus the Applicable Rate. 
 (c) Reserved. 

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

(e) The Borrower hereby unconditionally promises to pay accrued interest on each Loan in arrears on each Interest Payment Date for such Loan
and upon the Maturity Date; provided that (i) interest accrued pursuant to paragraph (d) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment
of an ABR Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurodollar Loan
prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

(f) All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the Alternate
Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the
first day but excluding the last day). The applicable Alternate Base Rate, Adjusted LIBO Rate, the LIBOR Market Index Rate or LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest
error. 
 Section 2.13. Alternate Rate of Interest. (a) If prior to the commencement of any Interest Period for a
Eurodollar Borrowing: 
 (i) the Administrative Agent determines (which determination shall be conclusive absent manifest
error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period; or 

(ii) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or the LIBO Rate, as applicable,
for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest Period; 

  
 -29- 

 then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone, e-mail or facsimile as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any
Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Revolving Borrowing shall be ineffective, and (ii) if any Borrowing Request requests a Eurodollar Borrowing, such
Borrowing shall be made as an ABR Borrowing; provided that if the circumstances giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings shall be permitted. 

(b) Notwithstanding anything to the contrary in Section 2.13(a) above, if the Administrative Agent has made the
determination (such determination to be conclusive absent manifest error) that (i) the circumstances described in Section 2.13(a)(i) or (a)(ii) have arisen and that such circumstances are unlikely to be
temporary, (ii) any applicable interest rate specified herein is no longer a widely recognized benchmark rate for newly originated loans in the U.S. syndicated loan market in the applicable currency or (iii) the applicable supervisor or
administrator (if any) of any applicable interest rate specified herein or any Governmental Authority having, or purporting to have, jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which any
applicable interest rate specified herein shall no longer be used for determining interest rates for loans in the U.S. syndicated loan market in the applicable currency, then the Administrative Agent may, to the extent practicable (in consultation
with the Borrower and as determined by the Administrative Agent to be generally in accordance with similar situations in other transactions in which it is serving as administrative agent or otherwise consistent with market practice generally),
establish a replacement interest rate (the “Replacement Rate”), in which case, the Replacement Rate shall, subject to the next two sentences, replace such applicable interest rate for all purposes under the Loan Documents
unless and until (A) an event described in Section 2.13(a)(i), (a)(ii), (b)(i), (b)(ii) or (b)(iii) occurs with respect to the Replacement Rate or (B) the Required Lenders (directly, or
through the Administrative Agent) notify the Borrower that the Replacement Rate does not adequately and fairly reflect the cost to the Lenders of funding the Loans bearing interest at the Replacement Rate; provided that, if such Replacement Rate of
interest as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. In connection with the establishment and application of the Replacement Rate, this Agreement and the other Loan Documents
shall be amended solely with the consent of the Administrative Agent and the Borrower, as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 2.13. Notwithstanding
anything to the contrary in this Agreement or the other Loan Documents (including, without limitation, Section 9.02), such amendment shall become effective without any further action or consent of any other party to this
Agreement so long as the Administrative Agent shall not have received, within five (5) Business Days of the delivery of such amendment to the Lenders, written notices from such Lenders that in the aggregate constitute Required Lenders, with
each such notice stating that such Lender objects to such amendment (which such notice shall note with specificity the particular provisions of the amendment to which such Lender objects). To the extent the Replacement Rate is approved by the
Administrative Agent in connection with this clause (b), the Replacement Rate shall be applied in a manner consistent with market practice; provided that, in each case, to the extent such market practice is not administratively feasible for the
Administrative Agent, such Replacement Rate shall be applied as otherwise reasonably determined by the Administrative Agent (it being understood that any such modification by the Administrative Agent shall not require the consent of, or consultation
with, any of the Lenders). 

  
 -30- 

 Section 2.14. Increased Costs. 

(a) Subject to the provisions of Section 2.16 (which shall be controlling with respect to the matters covered
thereby), 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 by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate); 

(ii) impose on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting this
Agreement or Eurodollar Loans made by such Lender; or 
 (iii) 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; 
 and the result of any of the foregoing shall be to increase the cost to such Lender or other
Recipient of making, converting to, continuing or maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to reduce the amount of any sum received or receivable by such Lender or other Recipient hereunder (whether
of principal, interest or otherwise), then, upon the request of such Lender or other Recipient, the Borrower will pay to such Lender or other Recipient, as the case may be, such additional amount or amounts as will compensate such Lender or other
Recipient, as the case may be, for such additional costs incurred or reduction suffered. 
 (b) If any Lender determines that any Change in
Law regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement or the
Loans made by such Lender, to a level below that which such Lender or such Lender’s holding company would have achieved but for such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s
holding company with respect to capital adequacy and liquidity), then from time to time the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such
reduction suffered. 
 (c) A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding
company, as the case may be, as specified in paragraph (a) or (b) of this Section and setting forth in reasonable detail the manner in which such amount or amounts was determined shall be delivered to the Borrower and shall be
conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

(d) Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such
Lender’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender pursuant to this Section for any increased costs or reductions incurred more than 180 days prior to the date that such
Lender 

  
 -31- 

 notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such
Lender’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180-day period
referred to above shall be extended to include the period of retroactive effect thereof. 
 Section 2.15. Break Funding
Payments. In the event of (a) the payment of any principal of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan
other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Eurodollar Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice
may be revoked under Section 2.10(b) and is revoked in accordance therewith), or (d) the assignment of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto as a result of a request
by the Borrower pursuant to Section 2.18, then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. Such loss, cost or expense to any Lender shall be
deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO Rate that would have
been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest
Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for dollar deposits of a
comparable amount and period from other banks in the eurodollar market. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered to the Borrower and shall be
conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 

Section 2.16. Taxes. 

(a) Any and all payments by or on account of any obligation of the Borrower hereunder 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 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) the
applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made. 
 (b) In
addition, 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. 

  
 -32- 

 (c) Without duplication of Section 2.16(a) or (b), the
Borrower shall indemnify each Recipient, within 10 days 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 2.16) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable
out-of-pocket expenses arising therefrom or with respect thereto (except to the extent that such amounts were imposed or increased as a result of the willful misconduct
or gross negligence of the Administrative Agent or such Lender, as applicable, as finally determined by a court of competent jurisdiction), 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. Neither the Administrative Agent nor any Lender shall be entitled to receive any payment with respect to the Indemnified Taxes that are incurred or accrued more than 180 days prior to the date the Administrative
Agent or such Lender, as applicable, gives notice thereof and demand therefor to the Borrower. 
 (d) Each Lender shall severally indemnify
the Administrative Agent, within 10 days after written demand therefor, for (i) 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), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.04(c)(iii) 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 paragraph (d). 
 (e) As soon as practicable after
any payment of Taxes by the Borrower to a Governmental Authority pursuant to this Section 2.16, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such
Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(f) (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document
shall deliver to the Borrower and the Administrative Agent, at the time such person becomes a party to this Agreement and at such time or times reasonably requested by the Borrower and the Administrative Agent, such properly completed and executed
documentation prescribed by applicable Law or reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholdings 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 

  
 -33- 

 by applicable Law or reasonably requested by the Borrower or the Administrative Agent to determine whether
or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such
documentation set forth in Section 2.16(f)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender’s 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 originals 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 Loan Document, executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E
(or applicable successor form) establishing an exemption from, or reduction or, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan
Document, IRS Form W-8BEN or IRS Form W-8BEN-E (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; 

(2) executed originals 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 C-1 to the effect that (A) such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the
Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code and (B) the interest
payments in question are not effectively connected with a U.S. trade or business conducted by such Foreign Lender (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form
W-8BEN or IRS Form W-8BEN-E (or applicable successor form); or 

  
 -34- 

 (4) to the extent a Foreign Lender is not the beneficial owner (for
example, where the Foreign Lender is a partnership or participating Lender granting a typical participation), executed originals of IRS Form W-8IMY, accompanied by IRS Form
W-8ECI, IRS Form W-8BEN or IRS Form W-8BEN-E (or applicable successor form), a U.S. Tax
Compliance Certificate substantially in the form of Exhibit C-2 or Exhibit C-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 not a participating Lender) and one or more beneficial owners 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 C-4 on behalf of each such beneficial owner; 

(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 party to this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the
Administrative Agent), executed originals 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; 

(D) If a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if
such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the 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 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; and 
 (E) If the Administrative Agent is a U.S. Person, it shall deliver two executed originals of IRS
Form W-9 certifying that it is exempt from U.S. federal backup withholding tax. Otherwise, the Administrative Agent (including any successor Administrative Agent that is not a U.S. Person) shall deliver two
duly 

  
 -35- 

 completed copies of IRS Form W-8ECI (with respect to
any payments to be received on its own behalf) and IRS Form W-8IMY (for all other payments) certifying that it is a “U.S. branch” and that the payments it receives for the account of others are not
effectively connected with the conduct of its trade or business in the United States and that it is using such form as evidence of its agreement with the Borrower to be treated as a U.S. Person with respect to such payments (and the Borrower and the
Administrative Agent agree to so treat the Administrative Agent as a U.S. Person with respect to such payments), with the effect that the Borrower can make payments to the Administrative Agent without deduction or withholding of any Taxes imposed by
the United States. 
 (iii) As a condition to becoming a party to this Agreement, at or before the Effective Date, each
Lender shall provide the Borrower and the Administrative Agent with the applicable IRS Form W-9 or W-8. Each Lender agrees that if any form or certification it
previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

(g) If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been
indemnified pursuant to this Section 2.16 (including by the payment of additional amounts pursuant to this Section 2.16), it shall pay to the indemnifying party an amount equal to such refund (but
only to the extent of indemnity payments made, or additional amounts paid, under this Section 2.16 with respect to the Taxes or other amounts giving rise to such refund), net of all reasonable and documented 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 request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (g) (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 paragraph (g), in no event will the indemnified party
be required to pay any amount to an indemnifying party pursuant to this paragraph (g) 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 paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes which it reasonably deems confidential) to the indemnifying party or any other
Person. 
 (h) For purposes of this Section 2.16, references to a Lender shall include the Administrative Agent and
the term “applicable Law” shall include FATCA. 
 Section 2.17. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. 
 (a) The Borrower shall make each payment required to be made by it hereunder (whether of
principal, interest or fees, or of amounts payable under Section 2.14, Section 2.15 or Section 2.16, or otherwise) prior to 12:00 noon, New York City time, on the date
when due, in 

  
 -36- 

 immediately available funds, without set off or counterclaim. Any amounts received after such time on any
date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices at
1525 W. W.T. Harris Blvd., Mail Code D1109-019, Charlotte, North Carolina 28262, Attention: Syndication Agency Services, except that payments pursuant to Section 2.14,
Section 2.15, Section 2.16 and Section 9.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for
the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day,
and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in dollars. 

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

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

  
 -37- 

 Administrative Agent forthwith on demand the amount so distributed to such Lender with interest thereon, for
each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation. 
 (e) If any Lender shall fail to make any payment required to be made by
it pursuant to Section 2.06(b), Section 2.17(d) or Section 9.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof),
apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 

Section 2.18. Mitigation Obligations; Replacement of Lenders. 

(a) Each Lender shall use reasonable efforts to avoid the imposition of any Taxes or other increased amounts for which the Borrower is required
to pay additional amounts pursuant to Section 2.14 or Section 2.16; provided, however, that such efforts shall not require the Lender to incur any material unreimbursed cost or
expense and would not otherwise be disadvantageous to such Lender in any material respect. If any Lender requests compensation under Section 2.14, or if the Borrower is required to pay any additional amount to any Lender or
any Governmental Authority for the account of any Lender pursuant to Section 2.16, then such Lender shall 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 reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to
Section 2.14 or Section 2.16, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such
Lender. The Borrower hereby agrees to pay all reasonable documented out-of-pocket costs and expenses incurred by any Lender in connection with any such designation or
assignment. 
 (b) If (i) any Lender requests compensation under Section 2.14, or if the Borrower is required
to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.16, (ii) any Lender is a Defaulting Lender or (iii) in connection with any proposed
amendment, modification, termination, waiver or consent with respect to any of the provisions hereof as contemplated by Section 9.02(b), the consent of Required Lenders shall have been obtained but the consent of one or
more of such other Lenders (each a “Dissenting Lender”) whose consent is required shall not have been obtained, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require
such Lender to assign and delegate (and such Lender agrees to assign and delegate), without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its interests, rights and obligations
under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Borrower shall have received the prior written consent of the
Administrative Agent (unless such assignment would not require such consent under Section 9.04), which consent shall not unreasonably be withheld or delayed, (ii) such Lender shall have received payment of an amount
equal to the outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding 

  
 -38- 

 principal and accrued interest and fees) or the Borrower (in the case of all other amounts) and
(iii) in the case of any such assignment resulting from a claim for compensation under Section 2.14 or payments required to be made pursuant to Section 2.16, such assignment will result in a
reduction in such compensation or payments. A Lender (other than a Defaulting Lender or a Dissenting Lender) shall not be required to make any such assignment and 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. Nothing in this Section 2.18 shall be deemed to prejudice any rights that the Borrower or any Lender that is not a Defaulting
Lender may have against any Lender that is a Defaulting Lender. 
 Section 2.19. Reserved. 

Section 2.20. Term-Out Option. Provided no Default or Event of Default has occurred and is
continuing, the Borrower may, upon prior written notice to the Administrative Agent sent not less than thirty (30) days and not more than sixty (60) days prior to the Maturity Date, elect to have the entire principal balance of the
Revolving Loans then outstanding converted to non-revolving term loans (the “Term Loans”) due and payable on the Term Loan Maturity Date; provided, the Borrower may exercise the Term-Out only once during the term of this Agreement, such exercise shall result in the permanent termination of the Commitments, the commitment fee described in Section 2.11(a) in respect
of the Commitments shall cease to accrue, and the Borrower may prepay, but may not reborrow, the Term Loans. As a condition precedent to the Term-Out, the Borrower shall deliver to the Administrative Agent a
certificate of the Borrower dated the effective date of the Term-Out signed by a Financial Officer, certifying that: (a) the resolutions adopted by the General Partner approving or consenting to the Term-Out are attached thereto and such resolutions are true and correct and have not been altered, amended or repealed and are in full force and effect and (b) before and after giving effect to the Term-Out, (i) the representations and warranties contained in Article III are true and correct in all material respects on and as of the effective date of the
Term-Out, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects as of such earlier date
provided, that the aforementioned materiality qualifier shall not apply to the extent any representations and warranties contain a materiality qualifier within such representation and warranty and (ii) that no Default or Event of Default
exists, is continuing, or would result from the Term-Out. The Borrower agrees to pay to the Administrative Agent, for the account of each Lender that has issued outstanding Revolving Loans that are the subject
of the Term-Out, a one-time Term-Out fee equal to 1.00% of the outstanding aggregate principal amount of the Revolving Loans so
converted, which shall be due and payable on the effective date of the Term-Out. The Borrower hereby agrees to pay all reasonable and documented
out-of-pocket expenses (if any) incurred by any Lender in connection with the exercise of the Term-Out to the extent such costs
are required to be paid by the Borrower pursuant to Section 2.20. 
 Section 2.21. 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: 

  
 -39- 

 (i) Waivers and Amendments. That 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 9.02. 

(ii) Reallocation of Payments. Any payment of principal, interest, fees or other amounts received by the Administrative
Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise, and including any amounts made available to the Administrative Agent by that Defaulting Lender pursuant to
Section 9.08), 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 that Defaulting Lender to the Administrative Agent
hereunder; second, 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 that Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as
determined by the Administrative Agent; third, if so determined by the Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy
obligations of that Defaulting Lender to fund Loans under this Agreement; fourth, to the payment of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender against that
Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; fifth, 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 that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and sixth, to that 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 in respect of which that Defaulting Lender has not fully funded its appropriate share and
(y) such Loans were made or created at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of all
non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of that Defaulting Lender. 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 pursuant to this Section 2.21(a)(ii) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii) Certain Fees. That Defaulting Lender shall not be entitled to receive any commitment fee pursuant to
Section 2.11(a) 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). 
 (b) Defaulting Lender Cure. If the Borrower and the Administrative Agent agree in writing that any Defaulting Lender
should no longer be deemed to be 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 and that Lender will, to
the extent applicable, purchase that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans to be held on a pro rata basis by the Lenders in
accordance with their Applicable Percentages, whereupon that Lender will cease to be a Defaulting Lender; provided that no adjustments will be made 

  
 -40- 

 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 

Representations and Warranties 

The Borrower represents and warrants to the Lenders that: 

Section 3.01. Organization; Powers. Each of the Borrower and its Restricted Subsidiaries is duly organized, validly existing and
in good standing under the laws of the jurisdiction of its organization, has all requisite power and authority to carry on its business as now conducted and, except where the failure to do so, individually or in the aggregate, would not reasonably
be expected to result in a Material Adverse Change, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required. 

Section 3.02. Authorization; Enforceability. The Transactions are within the Borrower’s limited partnership powers and have
been duly authorized by all necessary limited partnership action. This Agreement has been duly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in
accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a
proceeding in equity or at law. 
 Section 3.03. Governmental Approvals; No Conflicts. The Transactions (a) do not require
any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such (i) as have been (or prior to the Effective Date will be) obtained or made and are in full force and effect,
(ii) filings as may be required from time to time by the SEC in connection with the Transactions, and (iii) those required in the ordinary course of business of the Borrower and its Restricted Subsidiaries in order to comply with the
requirements of applicable Law, (b) will not violate any applicable Law or the charter, by-laws or other organizational documents of the Borrower or any of its Restricted Subsidiaries, (c) will not
violate or result in a default under any indenture, material agreement or material instrument binding upon the Borrower or any of its Restricted Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be made by the
Borrower or any of its Restricted Subsidiaries, and (d) will not result in the creation or imposition of any Lien on any asset of the Borrower or any of its Restricted Subsidiaries, except any Liens as may be created under the Loan Documents.

 Section 3.04. Financial Condition; No Material Adverse Change. 

(a) The Borrower has heretofore furnished to the Lenders its consolidated balance sheet and statements of income and cash flows (i) as of
and for the fiscal year ended December 31, 2018, as reported on by Ernst & Young LLP, independent public accountants, and (ii) as of and for the fiscal quarter and the portion of the fiscal year ended March 31, 2019,
certified by the chief 

  
 -41- 

 financial officer of the General Partner. Such financial statements present fairly, in all material
respects, the financial position and results of operations and cash flows of the Borrower and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to year-end
audit adjustments and the absence of footnotes in the case of the statements referred to in clause (ii) above. 
 (b) As of the
Effective Date, between December 31, 2018 and the Effective Date, no Material Adverse Change has occurred. 
 Section 3.05.
Litigation and Environmental Matters. 
 (a) As of the Effective Date, there are no actions, suits or proceedings by or before any
arbitrator or Governmental Authority pending against or, to the knowledge of the Borrower, threatened against or affecting the Borrower or any of its Restricted Subsidiaries (i) which would reasonably be expected, individually or in the
aggregate, to result in a Material Adverse Change (other than the Disclosed Matters) or (ii) that involve this Agreement or the Transactions. 

(b) As of the Effective Date, except for the Disclosed Matters and except with respect to any other matters that, individually or in the
aggregate, would not reasonably be expected to result in a Material Adverse Change, neither the Borrower nor any of its Restricted Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit,
license or other approval required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received written notice of any claim with respect to any Environmental Liability or (iv) knows of any
reasonable basis for any Environmental Liability. 
 Section 3.06. Compliance with Laws. Each of the Borrower and its
Subsidiaries is in compliance with all Laws applicable to it or its property, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Change. 

Section 3.07. Investment Company Status. Neither the Borrower nor any of its Restricted Subsidiaries is an “investment
company” as defined in, or subject to regulation under, the Investment Company Act of 1940. 
 Section 3.08. Taxes. Each of
the Borrower and its Restricted Subsidiaries has timely filed or caused to be filed all Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except (a) Taxes that are
being contested in good faith by appropriate proceedings and for which the Borrower or such Restricted Subsidiary, as applicable, has set aside on its books adequate reserves or (b) to the extent that the failure to do so in the aggregate would
not reasonably be expected to result in a Material Adverse Change. 
 Section 3.09. ERISA. No ERISA Event has occurred or is
reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, would reasonably be expected to result in a Material Adverse Change. The present value of all accumulated
benefit obligations under each Plan (based on the assumptions used for purposes of Statement of Financial Accounting Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair
market value of the assets of such Plan by an amount that would reasonably be expected to have a Material Adverse 

  
 -42- 

 Change, and the present value of all accumulated benefit obligations of all underfunded Plans (based on the
assumptions used for purposes of Statement of Financial Accounting Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair market value of the assets of all such underfunded Plans by
an amount that would reasonably be expected to have a Material Adverse Change. 
 Section 3.10. Disclosure. As of the Effective
Date, all written reports, certificates or other written information (other than estimates and information of a general economic nature) concerning the Borrower and its Subsidiaries and any transactions contemplated hereby prepared by or on behalf
of the foregoing or their representatives and made available to any Lender or the Administrative Agent in connection with the transactions contemplated hereby on or before the date hereof (the “Information”), when taken as a whole,
as of the date such Information was furnished to the Lenders and as of the Effective Date, did not contain any untrue statement of a material fact as of such date or omit to state a material fact necessary to make the statements therein, taken as a
whole, in the light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, the Borrower represents only that such information was prepared in good faith based upon
assumptions believed to be reasonable at the time when prepared, it being recognized by the Lenders that such projections and other information regarding future events are not to be viewed as fact and that actual results or developments during the
period or periods covered may differ from the delivered projections and other prospective information and such differences may be material and that such projected financial information is not a guarantee of financial performance. As of the Effective
Date, all of the information included in the Beneficial Ownership Certification is true and correct in all material respects. 

Section 3.11. Subsidiaries. As of the Effective Date, Borrower has no Subsidiaries other than those listed on Schedule 3.11
attached hereto and Schedule 3.11 lists, for each Subsidiary of the Borrower as of the Effective Date, its full legal name, its jurisdiction of organization, the number of shares of capital stock or other Equity Interests outstanding and the
owner(s) of such shares or Equity Interests. 
 Section 3.12. Margin Stock. Neither the Borrower nor any Subsidiary is engaged
principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation T, U or X of the Board of Governors of the Federal Reserve System), and
no part of the proceeds of any Loan will be used to purchase or carry any margin stock in violation of said Regulation T, U or X or to extend credit to others for the purpose of purchasing or carrying margin stock in violation of said Regulation T,
U or X. 
 Section 3.13. No Default. No event has occurred and is continuing which constitutes a Default, except as has been
waived in accordance with this Agreement. 
 Section 3.14. Sanctions; Anti-Corruption Laws. None of (a) the Borrower or any
Subsidiary or (b) to the knowledge of the Borrower, any directors, officers, employees or affiliates, or any agents or representatives of the Borrower or any Subsidiary that will act in any capacity in connection with or benefit from the credit
facility established hereby, (i) is a Sanctioned Person or currently the subject or target of any Sanctions or (ii) has taken any action, directly or, to the knowledge of the Borrower or any Subsidiary, indirectly, that would result in a
material violation by such Persons of any Anti-Corruption Laws. 

  
 -43- 

 Section 3.15. EEA Financial Institution. The Borrower is not an EEA Financial
Institution. 
 ARTICLE IV 

Conditions 

Section 4.01. Effective Date. The obligations of the Lenders to make Loans hereunder shall not become effective until the date on
which each of the following conditions is satisfied (or waived in accordance with Section 9.02): 
 (a) The
Administrative Agent (or its counsel) shall have received (i) from each party hereto, a counterpart of this Agreement signed on behalf of such party and (ii) from the Borrower, a Note executed by the Borrower in favor of each Lender
requesting a Note. 
 (b) The Administrative Agent shall have received a customary written opinion (addressed to the Administrative Agent and
the Lenders and dated the Effective Date) of Latham & Watkins LLP, counsel for the Borrower and covering such matters relating to the Borrower, this Agreement or the Transactions as the Required Lenders shall reasonably request. The Borrower
hereby requests such counsel to deliver such opinion. 
 (c) The Administrative Agent shall have received such documents and certificates as
the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of the Borrower and the General Partner, the authorization of the Transactions and any other legal matters relating to the
Borrower and the General Partner, this Agreement or the Transactions, all in form and substance satisfactory to the Administrative Agent and its counsel. 

(d) The Administrative Agent and the Joint Bookrunners and Lead Arrangers shall have received (i) all fees required to be paid on or prior
to the Effective Date and (ii) expenses and other amounts due and payable on or prior to the Effective Date, to the extent invoiced at least two Business Days prior to the Effective Date, required to be reimbursed or paid by the Borrower
hereunder. 
 (e) The Lenders shall have received (i) satisfactory audited consolidated financial statements of the Borrower for the two
(2) most recent fiscal years ended prior to the Effective Date as to which such financial statements are available, and (ii) satisfactory unaudited interim consolidated financial statements of the Borrower for each quarterly period ended
subsequent to the date of the latest financial statements delivered pursuant to clause (i) immediately above as to which such financial statements are available. 

(f) All governmental and third party approvals necessary in connection with the financing contemplated hereby shall have been obtained and be
in full force and effect. 
 (g) No Material Adverse Change shall have occurred since December 31, 2018. 

  
 -44- 

 (h) The Administrative Agent and the Lenders shall have received, at least seven
(7) days prior to the Effective Date or such later as the Administrative Agent shall determine in its reasonably discretion, of all documentation and other information required by any Governmental Authority with respect to the Borrower under
applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the PATRIOT Act and, if applicable, a Beneficial Ownership Certification in relation to the Borrower, which such certification
shall be in a form satisfactory to the Administrative Agent and the Lenders; provided that such documentation and other information has been reasonably requested by the Administrative Agent a reasonable period in advance of the date that is seven
(7) days prior to the Effective Date (including, if applicable, a completed Beneficial Ownership Certificate). 
 (i) The First
Amendment to the Long-Term Credit Agreement shall close contemporaneously with the closing of the Agreement. 
 The Administrative Agent
shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the Lenders to make Loans hereunder shall not become effective unless each of the
foregoing conditions is satisfied (or waived pursuant to Section 9.02) at or prior to 3:00 p.m., New York City time, on May 17, 2019 (and, in the event such conditions are not so satisfied or waived, the Commitments
shall terminate at such time). 
 Without limiting the generalities of Section 9.02, for purposes of determining
compliance with this Section 4.01, each Lender that has executed and delivered this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required
thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Effective Date specifying its objection thereto. 

Section 4.02. Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing, is subject to the
satisfaction of the following conditions: 
 (a) The representations and warranties of the Borrower set forth in this Agreement shall be true
and correct in all material respects on and as of the date of such Borrowing, except to the extent any such representation or warranty is stated to relate to an earlier date in which case such representation and warranty will be true and correct on
and as of such earlier date; provided, that the aforementioned materiality qualifier shall not apply to the extent any representations and warranties contain a materiality qualifier within such representation and warranty. 

(b) At the time of and immediately after giving effect to such Borrowing, no Default or Event of Default shall have occurred and be continuing.

 Each Borrowing shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in
paragraphs (a) and (b) of this Section. 

  
 -45- 

 ARTICLE V 

Affirmative Covenants 

Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have
been paid in full in accordance with the terms hereof, the Borrower covenants and agrees with the Lenders that: 
 Section 5.01.
Financial Statements; Ratings Change and Other Information. The Borrower will furnish to the Administrative Agent (for prompt delivery to each Lender): 

(a) within 90 days after the end of each fiscal year of the Borrower, on EDGAR, its audited consolidated balance sheet and related statements
of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by Ernst & Young LLP or other independent
public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial
statements present fairly in all material respects the financial condition and results of operations of the Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP; 

(b) within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower on EDGAR, its consolidated
balance sheet and related statements of operations and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period
or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by a Financial Officer as presenting fairly in all material respects the financial condition and results of operations of the Borrower and
its consolidated Subsidiaries on a consolidated basis in accordance with GAAP, subject to normal year-end audit adjustments and the absence of footnotes; 

(c) concurrently with any delivery of financial statements under clause (a) or (b) above, a certificate of a Financial
Officer (i) certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed
calculations demonstrating compliance with Section 6.10, and (iii) stating whether any change in GAAP or in the application thereof that materially affects the Borrower’s financial statements has occurred since
the date of the last audited financial statements delivered pursuant to Section 5.01(a) above and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such
certificate; 
 (d) reserved; 

(e) promptly after the same become publicly available, on EDGAR copies of all periodic and other reports, proxy statements and other materials
filed by the Borrower or any Subsidiary with the SEC; 

  
 -46- 

 (f) promptly after Moody’s or S&P shall have announced a change in the rating
established for the Index Debt, written notice of such rating change; 
 (g) promptly following any request therefor, such other information
regarding the operations, business affairs and financial condition of the Borrower or any Subsidiary, or compliance with the terms of this Agreement, as the Administrative Agent (on behalf of any Lender) may reasonably request; and 

(h) promptly upon the request thereof, information and documentation reasonably requested by the Administrative Agent or any Lender for
purposes of compliance with applicable “know your customer” and anti-money laundering rules and regulations, including the PATRIOT Act and the Beneficial Ownership Regulation. 

Section 5.02. Notices of Material Events. The Borrower will furnish to the Administrative Agent (for prompt delivery to each
Lender) written notice of the following promptly after any Financial Officer or other executive officer of the General Partner obtains knowledge thereof: 

(a) the occurrence of any Default; 

(b) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting the
Borrower or any Restricted Subsidiary thereof which would reasonably be expected to result in a Material Adverse Change; 
 (c) the
occurrence of any ERISA Event that, alone or together with any other ERISA Events that have occurred, would reasonably be expected to result in liability of the Borrower and its Restricted Subsidiaries in an aggregate amount that would reasonably be
expected to have a Material Adverse Change; and 
 (d) any other development (including, but not limited to, a development of an
environmental nature) that results in, or would reasonably be expected to result in, a Material Adverse Change. 
 Each notice delivered under this Section
shall be accompanied by a statement of a Financial Officer or other executive officer of the General Partner setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect
thereto. 
 Section 5.03. Existence. The Borrower will, and except as would not reasonably be expected to have a Material
Adverse Change, will cause each of its Restricted Subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence; provided that the foregoing shall not prohibit any
merger, consolidation, liquidation or dissolution permitted under Section 6.03. 
 Section 5.04. Payment
of Obligations. The Borrower will, and will cause each of its Restricted Subsidiaries to, pay its obligations, including Tax liabilities, that, if not paid, would result in a Material Adverse Change before the same shall become delinquent or in
default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings and (b) the Borrower or such Restricted Subsidiary has set aside on its books adequate reserves to the extent required in
accordance with GAAP or has “bonded around” the same by posting adequate security by means of a surety bond or similar such security. 

  
 -47- 

 Section 5.05. Maintenance of Properties; Insurance. The Borrower will, and will
cause each of its Restricted Subsidiaries to, (a) keep and maintain all property used in the conduct of its business in good working order and condition in accordance with industry practice, except, in each case, for ordinary wear and tear and
casualty and condemnation and where the failure to do so, individually or in the aggregate would not reasonably be expected to result in a Material Adverse Change and (b) maintain insurance in such amounts and against such risks as are
customarily maintained by similarly situated companies engaged in the same or similar businesses. 
 Section 5.06. Books and
Records; Inspection Rights. The Borrower will, and will cause each of its Subsidiaries to, keep proper books of record and account in which full, true and correct entries are made of all dealings and transactions in relation to its business and
activities. The Borrower will, and will cause each of its Restricted Subsidiaries to, permit any representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its properties subject to
applicable safety rules and procedures, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers, all at such reasonable times and as often as reasonably requested. 

Section 5.07. Compliance with Laws. The Borrower will, and will cause each of its Subsidiaries to, comply with all Laws applicable
to it or its property, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Change. 

Section 5.08. Use of Proceeds. The proceeds of the Loans will be used only to (a) pay the fees, expenses and other
transaction costs of the transactions contemplated hereby; and (b) fund working capital needs of, and for general corporate, partnership and limited liability company purposes of, the Borrower and its Subsidiaries (including payment of the
purchase price and related expenses of acquisitions). No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the regulations of the Board, including Regulations T, U and
X. The Borrower will not, directly, or to the Borrower’s knowledge, indirectly, use the proceeds of any Loan, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other Person (i) in
furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating
any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (iii) in any manner that would result in a violation of any Sanctions applicable to any party hereto. 

Section 5.09. Compliance with ERISA. In addition to and without limiting the generality of Section 5.07,
the Borrower shall, and shall cause its Restricted Subsidiaries to, (a) comply in all material respects with all applicable provisions of ERISA and the regulations and published interpretations thereunder with respect to all employee benefit
plans (as defined in ERISA), (b) not take any action or fail to take action the result of which could be (i) a liability to the PBGC or (ii) a past due liability to any Multiemployer Plan, (c) not participate in any prohibited
transaction that 

  
 -48- 

 could result in any civil penalty under ERISA or any tax under the Code, and (d) operate each employee
benefit plan in such a manner that will not incur any tax liability under Section 4980B of the Code or any liability to any qualified beneficiary as defined in Section 4980B of the Code except to the extent, in each case, where the failure
to do so would not reasonably be expected to result in a Material Adverse Change. The Borrower shall, and shall cause each of its Restricted Subsidiaries to, furnish to the Administrative Agent upon the Administrative Agent’s reasonable request
such additional information about any employee benefit plan sponsored, maintained or contributed to by any of said Persons, as may be reasonably requested by the Administrative Agent. 

Section 5.10. Compliance with Environmental Laws. In addition to and without limiting the generality of
Section 5.07, the Borrower shall, and shall cause its Subsidiaries to, (a) comply in all material respects with all Environmental Laws applicable to its operations and real property; (b) obtain and renew all material
Governmental Approvals required under Environmental Laws applicable to its operations and real property; and (c) conduct any Response legally required by Borrower or any of its Subsidiaries in accordance with applicable Environmental Laws,
except in the case of each of clauses (a) through (c), where the failure to do so, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Change. 

Section 5.11. Further Assurances. The Borrower will, and will cause each Restricted Subsidiary to, at its own cost and expense,
promptly correct any material defect or error that may be discovered in any Loan Document or in the execution or acknowledgment thereof. 

ARTICLE VI 
 Negative Covenants

 Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have
been paid in full in accordance with the terms hereof, the Borrower covenants and agrees with the Lenders that: 
 Section 6.01.
Indebtedness. The Borrower will not permit any Restricted Subsidiary to create, incur, assume or permit to exist any Indebtedness, except: 

(a) Indebtedness existing on the Effective Date and set forth in Schedule 6.01, and any extensions, refinancing, renewals or
replacements of any such Indebtedness; provided that such Indebtedness is not increased in connection therewith except for increases in an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably
incurred, in connection with such extension, renewal, refinancing, or replacement and in an amount equal to any existing commitments unutilized thereunder, and is not secured by any additional assets; 

(b) purchase money Indebtedness (including Capital Lease Obligations) of the Restricted Subsidiaries representing the portion of the purchase
price of any applicable assets which may be secured by Liens permitted under Section 6.02(e); provided that the aggregate principal amount of Indebtedness permitted by this clause (b) shall not exceed
$60,000,000 at any time outstanding; 

  
 -49- 

 (c) Indebtedness of any Restricted Subsidiary to the Borrower or any other Restricted
Subsidiary; 
 (d) Guarantees by any Restricted Subsidiary of Indebtedness of the Borrower or any other Restricted Subsidiary; 

(e) Indebtedness consisting of surety bonds that any Restricted Subsidiary is required to obtain in order to comply with applicable Law or the
requirements of any Governmental Authority in the ordinary course of business; 
 (f) Indebtedness arising from the honoring by a bank or
other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business or other cash management services in the ordinary course of business; provided, that such Indebtedness
(other than with respect to credit or purchase cards) is extinguished within 5 Business Days after notification to the Borrower or such Restricted Subsidiary of its incurrence; 

(g) unsecured Indebtedness of the Restricted Subsidiaries; provided that the incurrence or maintenance of such Indebtedness does not
cause a Default or an Event of Default under any other provisions of this Agreement; 
 (h) Indebtedness consisting of Hybrid Securities;

 (i) Indebtedness secured by Liens permitted by Section 6.02(m) so long as the aggregate principal amount of such
Indebtedness at any time does not exceed the book value of fifteen percent (15%) of Consolidated Net Tangible Assets; and 
 (j) Indebtedness
arising under the Qualified Securitization Financing; and 
 (k) Indebtedness arising under the Long-Term Credit Agreement. 

Section 6.02. Liens. The Borrower will not, and will not permit any Restricted Subsidiary to, create, incur, assume or permit to
exist any Lien securing Indebtedness on any property or asset now owned or hereafter acquired by it, except: 
 (a) Liens on cash collateral
as required under the Long-Term Credit Agreement; 
 (b) Permitted Encumbrances; 

(c) any Lien on any property or asset of the Borrower or any Restricted Subsidiary existing on the Effective Date and set forth in Schedule
6.02; 
 (d) any Lien existing on any property or asset prior to the acquisition thereof by the Borrower or any Restricted Subsidiary or
existing on any property or asset of any Person that becomes a Restricted Subsidiary after the Effective Date prior to the time such Person becomes a Restricted Subsidiary; provided that (i) such Lien is not created in contemplation of
or in connection with such acquisition or such Person becoming a Restricted Subsidiary, as the case may be, (ii) such Lien shall not apply to any other property or assets of the Borrower or any Restricted Subsidiary and (iii) such Lien
shall secure only those obligations which it secures on the date of such acquisition or the date such Person becomes a Restricted Subsidiary, as the case may be, and any extensions, renewals and replacements thereof; 

  
 -50- 

 (e) Liens securing the Indebtedness permitted by clause (b) of
Section 6.01 and placed on the property described therein contemporaneously with the purchase thereof or within 180 days thereafter, by the Borrower or any of its Restricted Subsidiaries to secure all or a portion of the
purchase price thereof; provided that such Lien shall not extend to any other property or assets of the Borrower or its Restricted Subsidiaries; 

(f) Liens on fixed or capital assets acquired, constructed or improved by the Borrower or any Restricted Subsidiary; provided that
(i) such security interests and the Indebtedness secured thereby are incurred prior to or within 180 days after such acquisition or the completion of such construction or improvement, (ii) the Indebtedness secured thereby does not exceed
90% of the cost of acquiring, constructing or improving such fixed or capital assets and (iii) such security interests shall not apply to any other property or assets of the Borrower or any Restricted Subsidiary; 

(g) any interest or title of a lessor under any lease entered into by the Borrower or any of its Restricted Subsidiaries in the ordinary course
of its business and covering only the assets so leased, and any interest of a landowner in the case of easements entered into by the Borrower or any of its Restricted Subsidiaries in the ordinary course of its business and covering only the property
subject to the easement; 
 (h) any Lien created or assumed by the Borrower or any Restricted Subsidiary in connection with the issuance of
Indebtedness, the interest on which is excludable from gross income of the holder of such Debt pursuant to the Code, for the purpose of financing, in whole or in part, the acquisition or construction of property or assets to be used by the Borrower
or its Restricted Subsidiaries; 
 (i) Liens on any additions, improvements, replacements, repairs, fixtures, appurtenances or component
parts thereof attaching to or required to be attached to property or assets pursuant to the terms of any mortgage, pledge agreement, security agreement or other similar instrument, creating a Lien upon such property or asset otherwise permitted
under this Section; 
 (j) any Liens arising out of the refinancing, extension, renewal or refunding of any Indebtedness secured by any Lien
permitted by any of the foregoing clauses of this Section, provided that such Indebtedness is not increased except for increases in an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably
incurred, in connection with such extension, renewal, refinancing, or replacement and in an amount equal to any existing commitments unutilized thereunder, and is not secured by any additional assets; 

(k) commercially reasonable pledges and deposits to secure obligations of the Borrower and its Subsidiaries arising under commercially
reasonable non-speculative hedging and similar agreements entered into by the Borrower and its Subsidiaries for the purpose of mitigating risks associated with assets, liabilities, commitments, investments or
property held or reasonably anticipated to be held by the Borrower or any Subsidiary; 

  
 -51- 

 (l) Liens on Equity Interests of Unrestricted Subsidiaries or joint ventures securing
Indebtedness of such Unrestricted Subsidiaries or joint ventures; 
 (m) Liens not otherwise permitted by this
Section 6.02 so long as the aggregate outstanding principal amount of the obligations secured thereby at any time does not exceed fifteen percent (15%) of Consolidated Net Tangible Assets; and 

(n) Liens arising in connection with the Qualified Securitization Financing. 

Section 6.03. Fundamental Changes. Neither the Borrower nor any Restricted Subsidiary will merge or consolidate with or into any
other Person, or sell, transfer or otherwise dispose of (in one transaction or in a series of transactions) all or substantially all of its assets, except that, if at the time thereof and immediately after giving effect thereto no Default or Event
of Default shall have occurred and be continuing: 
 (a) any Person may merge or consolidate with or into (i) the Borrower,
provided that the Borrower shall be the surviving Person or (ii) any one or more Restricted Subsidiaries of the Borrower, provided that a Restricted Subsidiary shall be the surviving Person; 

(b) any Restricted Subsidiary may sell, transfer or otherwise dispose of (in one transaction or in a series of transactions) all or
substantially all of its assets to the Borrower or to a Restricted Subsidiary; 
 (c) any Restricted Subsidiary may sell, transfer or
otherwise dispose of assets or merge or consolidate with or into another Person, in each case, which transaction is not otherwise permitted by any other clause of this Section, provided that the aggregate book value of all assets sold,
transferred or otherwise disposed of in reliance upon this clause (c) in any fiscal year shall not exceed 10% of Consolidated Net Tangible Assets as reflected in the Borrower’s audited consolidated balance sheet delivered for the
most recently ended fiscal year; and 
 (d) the Borrower or any Restricted Subsidiary may sell, transfer or otherwise dispose of any assets
related to its ammonia business. 
 Section 6.04. Investments. Neither the Borrower nor any Restricted Subsidiary will purchase
or otherwise acquire any Equity Interests or evidence of any Indebtedness in any other Person if (a) such purchase or other acquisition violates the Borrower’s or such Restricted Subsidiary’s partnership or other governing agreement,
and (b) after giving effect to such purchase or other acquisition, the Borrower or such Restricted Subsidiary is not in compliance with Section 6.09. 

Section 6.05. Restricted Payments. The Borrower will not declare or make, or agree to pay or make, directly or indirectly, any
Restricted Payments, if an Event of Default shall have occurred and be continuing at the time of such declaration or payment or would result therefrom. 

Section 6.06. Transactions with Affiliates. Except as otherwise permitted hereunder, the Borrower will not, and will not permit
any of its Restricted Subsidiaries to, sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates,
except 

  
 -52- 

 (a) transactions, or a series of transactions, taken as a whole, that are at prices and on terms and
conditions not substantially less favorable to the Borrower or such Restricted Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties, including, without limitation, any
transaction entered into pursuant to the Partnership Agreement, (b) transactions between or among the General Partner, Borrower and its Restricted Subsidiaries not involving any other Affiliate, (c) any Restricted Payment permitted by
Section 6.05, (d) any Investments permitted by Section 6.04, and (e) any contribution to the capital of the General Partner, the Borrower or any Restricted Subsidiary and any purchase of
Equity Interests of the General Partner, the Borrower or any Restricted Subsidiary that does not result in a Change of Control. 

Section 6.07. Restrictive Agreements. The Borrower will not, and will not permit any of its Restricted Subsidiaries to, directly
or indirectly, enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon the ability of any Restricted Subsidiary to (a) make Restricted Payments, including, without
limitation, to pay dividends or other distributions in respect of any Equity Interests of such Restricted Subsidiary, (b) make or repay loans or advances to the Borrower or any other Restricted Subsidiary; or (c) Guarantee Indebtedness of the
Borrower or any other Restricted Subsidiary; provided that the foregoing shall not apply to (i) restrictions and conditions imposed by Law or by this Agreement, (ii) restrictions and conditions existing on the Effective Date identified
on Schedule 6.07 (but shall apply to any amendment or modification expanding the scope of any such restriction or condition), (iii) customary restrictions and conditions contained in agreements relating to the sale of the Equity Interests in
or assets of a Restricted Subsidiary pending such sale, provided such restrictions and conditions apply only to the Restricted Subsidiary that is to be sold or owns such assets and such sale is permitted hereunder, (iv) any requirement
in any agreement to which the Borrower or any Restricted Subsidiary is a party or by which the Borrower or a Restricted Subsidiary is bound requiring the Borrower or any Restricted Subsidiary to provide a guaranty of the obligations arising under
such agreement and related instruments if it provides a guaranty of obligations of the Borrower or any Restricted Subsidiary arising under another agreement, (v) restrictions contained in, or existing by reason of, any agreement or instrument
relating to any Restricted Subsidiary at the time such Restricted Subsidiary was merged or consolidated with or into, or acquired by, the Borrower or a Restricted Subsidiary or became a Restricted Subsidiary and not created in contemplation thereof,
(vi) restrictions contained in the governing documents of a Restricted Subsidiary that is less than wholly owned and (vii) the foregoing shall not apply to any other agreement if the Borrower reasonably concludes with approval of the
Administrative Agent that the entering into such agreement could not reasonably be expected to result in the failure of the Borrower to comply with Section 6.10; provided that no such approval of the Administrative
Agent shall constitute a waiver of any default of Section 6.10. 
 Section 6.08. Constitutive
Documents. The Borrower will not, and will not permit any Restricted Subsidiary to, amend its charter or by-laws or other constitutive documents in any manner that would adversely and materially affect the
rights of the Lenders under this Agreement or their ability to enforce the same. 
 Section 6.09. Limitations on New Businesses.
The Borrower and its Restricted Subsidiaries, taken as a whole, will not, directly or indirectly, engage in a material and substantial manner in, or conduct material and substantial operations in, any business other than (a) marketing,
gathering, transporting (by barge, pipeline, ship, truck or other modes of hydrocarbon 

  
 -53- 

 transportation), terminalling, storing, producing, acquiring, developing, exploring for, exploiting,
producing, processing, dehydrating, fractionating, treating, blending and otherwise handling hydrocarbons and ammonia, including, without limitation, construction pipeline, platform, dehydration, processing and other energy-related facilities,
(b) any other business that generates gross income that constitutes “qualifying income” under Section 7704(d) of the Internal Revenue Code of 1986, as amended, (c) the businesses and operations in which the Borrower and its
Restricted Subsidiaries are engaged as of the Effective Date, or (d) activities or services reasonably related or ancillary to those described in clauses (i), (ii) and (iii), including (x) entering into hedging obligations to support those
businesses and (y) the Qualified Securitization Financing. 
 Section 6.10. Maximum Leverage Ratio. The Borrower shall not
permit its Leverage Ratio as of the last day of any fiscal quarter to exceed 5.00 to 1.00; provided that, following a Material Acquisition, the Borrower’s Leverage Ratio shall not exceed 5.50 to 1.00 as of the last day of
(a) the fiscal quarter during which such Material Acquisition occurred (any fiscal quarter during which a Material Acquisition occurs being hereinafter referred to as an “Acquisition Quarter”), and (b) the two fiscal
quarters immediately following the Acquisition Quarter; provided further that, with respect to a Material Acquisition by an Unrestricted Subsidiary, such temporary increase shall apply only if the consideration for such Material
Acquisition is raised by the Borrower or a Restricted Subsidiary. 
 ARTICLE VII 

Events of Default 
 If any
of the following events (each, an “Event of Default”) shall occur: 
 (a) the Borrower shall fail to pay any principal of
any Loan when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise; 

(b) the Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause
(a) of this Article) payable under this Agreement, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five Business Days; 

(c) any representation or warranty made or deemed made by or on behalf of the Borrower or any Subsidiary in or in connection with this
Agreement shall prove to have been incorrect in any material respect when made or deemed made; 
 (d) the Borrower shall fail to observe or
perform any covenant, condition or agreement contained in Section 5.02(a), Section 5.03 or Section 5.08 or in Article VI; 

(e) the Borrower shall fail to observe or perform any covenant, condition or agreement contained in this Agreement (other than those specified
in clause (a), (b) or (d) of this Article), and such failure shall continue unremedied for a period of 30 days after notice thereof from the Administrative Agent to the Borrower (which notice will be given at the request of
any Lender); 

  
 -54- 

 (f) the Borrower or any Restricted Subsidiary shall fail to pay any Material Indebtedness
(other than with respect to Swap Agreements) upon its final maturity and, with respect to obligations in respect of one or more Swap Agreements constituting Material Indebtedness only, the Borrower or any Restricted Subsidiary shall fail to pay or
discharge the same within five Business Days of the same becoming due and payable; 
 (g) any event or condition occurs that results in any
Material Indebtedness becoming due in whole prior to its scheduled maturity and, with respect to obligations in respect of one or more Swap Agreements only, such obligations are not paid or discharged within five Business Days of the same becoming
due and payable; provided that this clause (g) shall not apply in the case of a notice of voluntary prepayment of any Material Indebtedness or to secured Indebtedness that becomes due as a result of the voluntary sale or transfer
of the property or assets securing such Indebtedness; 
 (h) an involuntary proceeding shall be commenced or an involuntary petition shall be
filed seeking (i) liquidation, reorganization or other relief in respect of the Borrower or any Restricted Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership
or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Restricted Subsidiary or for a substantial part of its assets, and, in
any such case, such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 

(i) the Borrower or any Restricted Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation,
reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any
proceeding or petition described in clause (h) of this Article, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Restricted
Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take
any action for the purpose of effecting any of the foregoing; 
 (j) the Borrower or any Restricted Subsidiary shall become unable, admit in
writing its inability or fail to pay its debts generally as they become due; 
 (k) one or more final
non-appealable judgments for the payment of money in an aggregate amount in excess of $100,000,000 (net of insurance coverage which is reasonably expected to be paid by the insurer thereunder as confirmed by
such insurer) shall be rendered against the Borrower, any Restricted Subsidiary or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed, or any
action shall be legally taken by a judgment creditor to attach or levy upon any assets of the Borrower or any Subsidiary to enforce any such judgment and is not released, vacated or fully bonded within 30 days after its attachment or levy; 

(l) an ERISA Event shall have occurred that when taken together with all other ERISA Events that have occurred, would reasonably be expected to
result in a Material Adverse Change; 

  
 -55- 

 (m) a Change in Control shall occur; or 

(n) an “Event of Default” (as defined in the Long-Term Credit Agreement) shall occur and be continuing, 

then, and in every such event (other than an event with respect to the Borrower described in clause (h) or (i) of this Article), and at any
time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take either or both of the following actions, at the same or different times:
(i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and
payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall
become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case of any event with respect to the Borrower described in clause (h) or
(i) of this Article, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall
automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower. 

ARTICLE VIII 
 The
Administrative Agent 
 Each of the Lenders hereby irrevocably appoints the Administrative Agent as its agent and authorizes the
Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof, together with such actions and powers as are reasonably incidental thereto. 

The bank serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender
and may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate
thereof as if it were not the Administrative Agent hereunder. 
 The Administrative Agent shall not have any duties or obligations except
those expressly set forth herein. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing,
(b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby that the Administrative Agent is required to
exercise in writing as directed by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02), and (c) except as expressly set
forth herein, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Subsidiaries that

  
 -56- 

 is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any
capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the
circumstances as provided in Section 9.02) or in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice
thereof is given to the Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in
connection with this Agreement, (ii) the contents of any certificate, report or other document delivered hereunder or in connection herewith, (iii) the performance or observance of any of the covenants, agreements or other terms or
conditions set forth herein, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement or any other agreement, instrument or document, or (v) 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 Administrative Agent. 
 The
Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed
or sent by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative
Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel,
accountants or experts. 
 The Administrative Agent may perform any and all its duties and exercise its rights and powers by or through any
one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights
and powers through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such
sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. 

Subject to the appointment and acceptance of a successor Administrative Agent as provided in this paragraph, the Administrative Agent may
resign at any time by notifying the Lenders and the Borrower. Upon any such resignation, the Required Lenders shall have the right, with the consent of the Borrower (which consent shall not be unreasonably withheld, conditioned or delayed), to
appoint a successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring
Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as Administrative Agent
hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and
obligations hereunder. The fees payable by the Borrower to a successor Administrative Agent shall be the same as those 

  
 -57- 

 payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the
Administrative Agent’s resignation hereunder, the provisions of this Article and Section 9.03 shall continue in effect for the benefit of such retiring Administrative 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 it was acting as Administrative Agent. 
 Each Lender
acknowledges that 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
Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender 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 related agreement or any document furnished hereunder or thereunder. 

ARTICLE IX 
 Miscellaneous

 Section 9.01. Notices. 

(a) 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 other electronic transmission, including
e-mail, as follows: 
 (i) if to the Borrower, to it at One Williams Center, Suite
2800, Tulsa, Oklahoma, 74172, Attention: Jeff Holman (Telecopy No. (918) 574-7003; E-Mail: jeff.holman@magellanlp.com); 

(ii) if to the Administrative Agent, to Wells Fargo Bank, National Association, 1525 W. W.T. Harris Blvd., Mail Code D1109-019, Charlotte, North Carolina 28262, Attention: Syndication Agency Services (Telecopy No. (704) 715-0017; E-Mail:
agencyservices.requests@wellsfargo.com) with a copy to Wells Fargo Bank, N.A., 1000 Louisiana Street, 10th Floor, Houston, Texas 77002, Attention: Nate Starr (Telecopy No. (713) 319-1053; E-Mail: Nathan.starr@wellsfargo.com); and 
 (iii) if to any other Lender, to it at its
address (or telecopy number or e-mail address) set forth in its Administrative Questionnaire. 
 (b)
Any party hereto may change its address, telecopy number or e-mail address for notices and other communications hereunder by notice to the other parties hereto. All notices and other communications given to
any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. 

  
 -58- 

 Section 9.02. Waivers; Amendments. 

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

(b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing
entered into by the Borrower and the Required Lenders or by the Borrower and the Administrative Agent with the consent of the Required Lenders; provided that no such agreement shall (i) increase the Commitment of any Lender without the
written consent of such Lender, (ii) reduce the principal amount of any Loan or reduce the rate of interest thereon (other than waivers of interest due under Section 2.12(d)), or reduce any fees payable hereunder,
without the written consent of each Lender affected thereby, (iii) except as provided in Section 2.20, postpone the scheduled date of payment of the principal amount of any Loan, or any interest thereon, or any fees payable
hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender affected thereby, (iv) change Section 2.17(b) or
Section 2.17(c) in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender, or (v) change any of the provisions of this Section or the definition of
“Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the written
consent of each Lender; provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent hereunder without the prior written consent of the Administrative Agent.
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 Commitment of any Defaulting Lender may not be increased or extended nor amounts owed to such Lender
reduced (other than by payment) or the final maturity thereof extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent (1) of all Lenders or (2) of each affected Lender that by
its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender. 

Section 9.03. Expenses; Indemnity; Damage Waiver. 

(a) The Borrower shall pay (i) all reasonable and documented
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements of one counsel for the
Administrative Agent, in connection with the syndication of 

  
 -59- 

 the credit facilities provided for herein, the preparation and administration of this Agreement or any
amendments, modifications or waivers of the provisions hereof (whether or not the transactions contemplated hereby or thereby shall be consummated), and (ii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent or any Lender, including the reasonable fees, charges and disbursements of one counsel for the Administrative Agent and the Lenders (unless a
conflict of interest exists among any such Persons in which case each such Person affected by such conflict of interest shall have separate counsel, the fees of which shall be reimbursed by the Borrower) in connection with the enforcement or
protection of its rights in connection with this Agreement, including its rights under this Section, or in connection with the Loans made hereunder, including all such reasonable and documented out-of pocket
expenses incurred during any workout, restructuring or negotiations in respect of such Loans. 
 (b) The Borrower shall indemnify the
Administrative Agent, the Joint Bookrunners and Lead Arrangers and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from,
any and all losses, claims, damages, liabilities and related expenses, including the fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result
of (i) the execution or delivery of this Agreement or any agreement or instrument contemplated hereby, the performance by the parties hereto of their respective obligations hereunder or the consummation of the Transactions or any other
transactions contemplated hereby, (ii) any Loan or the use of the proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Borrower or any of its
Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries or any liability (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities) of the Borrower or
any Subsidiary resulting from or based upon the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to
any of the foregoing, whether based on contract, tort or any other theory whether brought by a third party or by the Borrower or any Subsidiary and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall
not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and non-appealable
judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee or (y) arise out of a dispute that is brought by an Indemnitee against another Indemnitee (other than against Wells Fargo Securities, LLC as
a Joint Bookrunner and Lead Arranger or the Administrative Agent in its capacity as such) not involving any act or omission by the Borrower or its Affiliates. This Section 9.03(b) shall not apply to any Taxes other than any
Taxes that represent losses, claims, damages, liabilities or related expenses from any non-Tax claim. 

(c) To the extent that the Borrower fails to pay any amount required to be paid by it to the Administrative Agent under paragraph
(a) or (b) of this Section, each Lender severally agrees to pay to the Administrative Agent such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought)
of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent in its capacity as such. 

  
 -60- 

 (d) To the extent permitted by applicable law, each party to this Agreement agrees not to
assert, and each hereby waives, any claim against any other party to this Agreement, 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 agreement or instrument contemplated hereby, the Transactions, any Loan or the use of the proceeds thereof; provided, that the foregoing limitation shall not be deemed to impair or affect the
indemnification obligations of the Borrower under the Loan Documents. 
 (e) No Person indemnified under this Agreement shall be liable for
any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan
Documents or the transaction contemplated hereby or thereby. 
 (f) All amounts due under this Section shall be payable not later than ten
(10) days after written demand therefor. 
 Section 9.04. Successors and Assigns. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower
without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section. Nothing in this Agreement, expressed or implied, shall be construed to
confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants (to the extent provided in paragraph (b) of this Section) and, to the extent expressly contemplated hereby, the
Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more assignees all or a portion
of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld or delayed) of: 

(A) the Borrower, provided that no consent of the Borrower shall be required for an assignment to a Lender, an Affiliate
of a Lender (or a lender or an Affiliate of a lender under the Long-Term Credit Agreement), an Approved Fund or, if an Event of Default under Article VII(a), (b), (h), (i), or (j) has occurred and is
continuing, any other assignee; provided further 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 written notice thereof; and 

  
 -61- 

 (B) the Administrative Agent, provided that no consent of the
Administrative Agent shall be required for an assignment to a Lender, an Affiliate of a Lender or an Approved Fund. 
 (ii)
Assignments shall be subject to the following additional conditions: 
 (A) except in the case of an assignment to a Lender,
an Affiliate of a Lender, an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans, the amount of the Commitment or 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) shall not be less than $5,000,000 unless each of the Borrower and the Administrative Agent otherwise consent, provided that
no such consent of the Borrower shall be required if an Event of Default under Article VII(a), (b), (h), (i), or (j) has occurred and is continuing; 

(B) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights
and obligations under this Agreement; 
 (C) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, and the assignee to each assignment shall deliver to the Administrative Agent a processing and recordation fee of $3,500; 

(D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; 

(E) 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 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 or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all Loans 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; and 

  
 -62- 

 (F) no assignment shall be made to (1) to the Borrower or any of the
Borrower’s Affiliates, (2) 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 (2), or (3) to a natural
person. 
 For the purposes of this Section 9.04(b), the term “Approved Fund” has the following
meaning: 
 “Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding
or investing in bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that
administers or manages a Lender. 
 (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of
this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party hereto 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
Section 2.14, Section 2.15, Section 2.16 and Section 9.03 with respect to the period during which it was a Lender); 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. Any
assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in
such rights and obligations in accordance with paragraph (c) of this Section. 
 (iv) The Administrative Agent,
acting for this purpose as an agent of the Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of,
and principal amount of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). In addition, the Administrative Agent shall maintain in the Register information regarding the designation, and
revocation of designation, of any Lender as a Defaulting Lender. The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the
Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from
time to time upon reasonable prior notice. 

  
 -63- 

 (v) Upon its receipt of a duly completed Assignment and Assumption executed
by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section
and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register; provided that
if either the assigning Lender or the assignee shall have failed to make any payment required to be made by it pursuant to Section 2.06(b), Section 2.17(d) or
Section 9.03(c), the Administrative Agent shall have no obligation to accept such Assignment and Assumption and record the information therein in the Register unless and until such payment shall have been made in full,
together with all accrued interest thereon. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 

(c) (i) Any Lender may, without the consent of the Borrower or the Administrative Agent, sell participations to any Person (other than a
natural person, a Defaulting Lender or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or
a portion of its Commitment and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for
the performance of such obligations and (C) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this
Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision
of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to
Section 9.02(b) that affects such Participant. Subject to paragraph (c)(ii) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Section 2.14,
Section 2.15 and Section 2.16 (subject to the requirements and limitations therein, including the requirements under Section 2.16(f) (it being understood that the
documentation required under Section 2.16(f) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of
this Section. To the extent permitted by Law, each Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender, provided such Participant agrees to be subject to
Section 2.17(c) as though it were a Lender. 
 (ii) A Participant shall not be entitled to receive
any greater payment under Section 2.14 or Section 2.16 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of
the participation to such Participant is made with the Borrower’s prior written consent. A Participant shall not be entitled to the benefits of Section 2.16 unless the Borrower is notified of the participation sold to
such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.16(f) as though it were a Lender. 

(iii) 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 Loan Documents (the “Participant Register”); provided that no Lender shall have the obligation to disclose all or 

  
 -64- 

 any portion of the Participant Register to any Person (including the identity of any
Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) except to the extent that such disclosure 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 purpose of this Agreement notwithstanding any notice to the contrary. 

(d) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such
pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

Section 9.05. Survival. All covenants, agreements, representations and warranties made by the Borrower herein and in the
certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the making of
any Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the
time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid and so long as
the Commitments have not expired or terminated. The provisions of Section 2.14, Section 2.15, Section 2.16 and Section 9.03 and Article
VIII shall survive and remain in full force and effect regardless of the consummation of the Transactions, the repayment of the Loans, the expiration or termination of the Commitments or the termination of this Agreement or any provision hereof.

 Section 9.06. Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different
parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and any separate letter agreements with respect to fees payable to the
Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Delivery of an
executed counterpart of a signature page of this Agreement by telecopy or electronic photocopy (i.e., “PDF”) shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 9.07. Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular
provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 9.07, 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 then such provisions shall be deemed to be in effect only to the extent not so limited. 

  
 -65- 

 Section 9.08. Right of Setoff. If an Event of Default shall have occurred and be
continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final)
at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of the Borrower against any of and all the obligations of the Borrower now or hereafter existing under this Agreement held by
such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured; provided, that in the event that any Defaulting Lender shall exercise any such right of
setoff, (a) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.21 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 Administrative Agent and the Lenders, and (b) 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 under this Section are in addition to other rights and remedies (including other rights of setoff) which such
Lender may have. 
 Section 9.09. Governing Law; Jurisdiction; Consent to Service of Process. 

(a) This Agreement shall be construed in accordance with and governed by the law of the State of New York. 

(b) The Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the Supreme
Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this
Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State
or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any
other manner provided by law. Nothing in this Agreement shall affect any right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement against the Borrower or its properties in the
courts of any jurisdiction. 
 (c) The Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and
effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in paragraph (b) of this Section. Each of
the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

  
 -66- 

 (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 9.01. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

Section 9.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT
IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 9.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only,
are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

Section 9.12. Confidentiality. Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the
Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority, (c) to the extent required
by applicable Laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this
Agreement or the enforcement of rights hereunder, (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 or obligations under this Agreement or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (g) with the consent of the
Borrower or (h) 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 the Administrative Agent or any Lender on a
non-confidential basis from a source other than the Borrower. For the purposes of this Section, “Information” means all information received from the Borrower relating to the Borrower or its
business, other than any such information that is available to the Administrative Agent or any Lender on a non-confidential basis prior to disclosure by the Borrower. Any Person required to maintain the
confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person
would accord to its own confidential information. 

  
 -67- 

 Section 9.13. Interest Rate Limitation. Notwithstanding anything herein to the
contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the
maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan
hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the
operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest
thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. 
 Section 9.14. USA
Patriot Act. Each Lender that is subject to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”) hereby notifies the
Borrower that pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such
Lender to identify the Borrower in accordance with the Act. 
 Section 9.15. Restricted and Unrestricted Subsidiaries. The
Borrower may, at any time, by notice to the Administrative Agent, designate any Subsidiary as a Restricted Subsidiary or any Restricted Subsidiary as an Unrestricted Subsidiary; provided, that immediately before and after such designation no
Default or Event of Default shall have occurred and be continuing or result therefrom. 
 Section 9.16. No Personal Liability of
Directors, Officers, Employees or Unitholders. No director, officer, partner, employee, member or manager of the General Partner will have any liability for any obligations of the Borrower, or for any claim based on, in respect of, or by reason
of, such obligations or their creation. Each Lender waives and releases all such liability. This waiver and release are part of the consideration for the making of the Loans. 

Section 9.17. 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 Loan Document), the Borrower acknowledges and agrees that: (a) (i) the arranging and other services regarding this Agreement provided by the
Lenders are arm’s-length commercial transactions between the Borrower and its Affiliates, on the one hand, and the Lenders, on the other hand, (ii) the Borrower has consulted its own legal,
accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (iii) the Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the
other Loan Documents; (b) (i) each of the Lenders 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 (ii) no 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 Loan Documents; and (c) each of 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 no Lender
has any obligation 

  
 -68- 

 to disclose any of such interests to the Borrower or its Affiliates. To the fullest extent permitted by Law,
the Borrower hereby waives and releases any claims that it may have against each of 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. 

Section 9.18. Acknowledgement and Consent to Bail-In of EEA 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 EEA Financial Institution arising under any Loan
Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may
be payable to it by any party hereto that is an EEA Financial Institution; and 
 (b) the effects of any
Bail-In Action on any such liability, including, if applicable: 
 (i) a reduction in
full or in part or cancellation of any such liability; 
 (ii) a conversion of all, or a portion of, such liability into
shares or other instruments of ownership in such EEA Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by
it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 
 (iii) the
variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority. 

[END OF TEXT] 

  
 -69- 

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

							
	BORROWER:	 	MAGELLAN MIDSTREAM PARTNERS, L.P.,
		 	a Delaware limited partnership
			
		 	By:	 	Magellan GP, LLC,
		 		 	a Delaware limited liability company
				
		 		 	By:	 	 /s/ Jeff Holman

		 		 		 	Jeff Holman
		 		 		 	Senior Vice President, Chief Financial Officer and Treasurer

  
 [Signature Page to Credit
Agreement] 

					
	ADMINISTRATIVE AGENT AND LENDER:	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
			
		 	By:	 	 /s/ Nathan Starr

		 	Name:	 	Nathan Starr
		 	Title:	 	Director

  
 [Signature Page to Credit
Agreement] 

					
	SYNDICATION AGENT AND LENDER:	 	JPMORGAN CHASE BANK, N.A.
			
		 	By:	 	 /s/ Anca Loghin

		 	Name:	 	Anca Loghin
		 	Title:	 	Authorized Officer

  
 [Signature Page to Credit
Agreement] 

					
	LENDER:	 	BARCLAYS BANK PLC
			
		 	By:	 	 /s/ Sydney G. Dennis

		 	Name:	 	Sidney G. Dennis
		 	Title:	 	Director

  
 [Signature Page to Credit
Agreement] 

					
	LENDER:	 	MIZUHO BANK, LTD.
			
		 	By:	 	 /s/ Donna DeMagistris

		 	Name:	 	Donna DeMagistris
		 	Title:	 	Authorized Signatory

  
 [Signature Page to Credit
Agreement] 

					
	LENDER:	 	PNC BANK, NATIONAL ASSOCIATION
			
		 	By:	 	 /s/ Daniel Scherling

		 	Name:	 	Daniel Scherling
		 	Title:	 	Assistant Vice President

  
 [Signature Page to Credit
Agreement] 

					
	LENDER:	 	ROYAL BANK OF CANADA
			
		 	By:	 	 /s/ Jason York

		 	Name:	 	Jason York
		 	Title:	 	Authorized Signatory

  
 [Signature Page to Credit
Agreement] 

					
	LENDER:	 	SUMITOMO MITSUI BANKING CORPORATION
			
		 	By:	 	 /s/ Richard Eisenberg

		 	Name:	 	Richard Eisenberg
		 	Title:	 	Managing Director

  
 [Signature Page to Credit
Agreement] 

					
	LENDER:	 	SUNTRUST BANK
			
		 	By:	 	 /s/ Benjamin L. Brown

		 	Name:	 	Benjamin L. Brown
		 	Title:	 	Director

  
 [Signature Page to Credit
Agreement] 

					
	 LENDER:
	 	THE TORONTO-DOMINION BANK, NEW YORK BRANCH
			
		 	By:	 	 /s/ Peter Kuo

		 	Name:	 	Peter Kuo
		 	Title:	 	Authorized Signatory

  
 [Signature Page to Credit
Agreement] 

					
	LENDER:	 	U.S. BANK NATIONAL ASSOCIATION
			
		 	By:	 	 /s/ Mark Salierno

		 	Name:	 	Mark Salierno
		 	Title:	 	Vice President

  

  
 [Signature Page to Credit
Agreement] 

 SCHEDULE 2.01 

COMMITMENTS 
  

					
	Lender	  	Commitment	 
	 Wells Fargo Bank, National Association
	  	$	56,666,666.68	 
	 JPMorgan Chase Bank, N.A.
	  	$	56,666,666.68	 
	 Barclays Bank PLC
	  	$	48,333,333.33	 
	 Mizuho Bank, Ltd.
	  	$	48,333,333.33	 
	 PNC Bank, National Association
	  	$	48,333,333.33	 
	 Royal Bank of Canada
	  	$	48,333,333.33	 
	 Sumitomo Mitsui Banking Corporation
	  	$	48,333,333.33	 
	 SunTrust Bank
	  	$	48,333,333.33	 
	 The Toronto-Dominion Bank, New York Branch
	  	$	48,333,333.33	 
	 U.S. Bank National Association
	  	$	48,333,333.33	 
		  	  
	  
	 
	 TOTAL
	  	$	500,000,000.00	 

  
 Schedule 2.01 – Page
1 

 SCHEDULE 3.05 

DISCLOSED MATTERS 
 None. 

  
 Schedule 3.05 – Page
1 

 SCHEDULE 3.11 

SUBSIDIARIES 
  

							
	 Name
	  	 Jurisdiction of

Organization
	  	 Owners of Shares of

Capital Stock or other

Equity Interests
	  	 Number of Shares held by
each Owner, if
applicable

	Magellan Operating GP, LLC	  	Delaware	  	Borrower – 100%	  	N/A
				
	Magellan OLP, L.P.	  	Delaware	  	 Borrower - 99.999% limited partner interest
  

Magellan Operating GP, LLC - 0.001% general partner interest
	  	N/A
				
	Magellan Pipeline GP, LLC	  	Delaware	  	Borrower - 100%	  	N/A
				
	Magellan Pipeline Company, L.P.	  	Delaware	  	 Borrower – 99.999% limited partner interest
  

Magellan Pipeline GP, LLC - 0.001% general partner interest
	  	N/A
				
	Magellan Pipeline Terminals, L.P.	  	Delaware	  	 Borrower - 99.999% limited partner interest
  

Magellan Pipeline GP, LLC - 0.001% general partner interest
	  	N/A
				
	Magellan Crude Oil Pipeline Company, L.P.	  	Delaware	  	 Borrower - 99.999% limited partner interest
  

Magellan Pipeline GP, LLC - 0.001% general partner interest
	  	N/A
				
	Magellan Processing , L.P.	  	Delaware	  	 Borrower - 99.999% limited partner interest
  

Magellan Pipeline GP, LLC - 0.001% general partner interest
	  	N/A
				
	Magellan NGL, LLC	  	Delaware	  	Magellan OLP, L.P. – 100%	  	N/A
				
	Magellan Operating Company, LLC	  	Delaware	  	Magellan OLP, L.P. – 100%	  	N/A
				
	Magellan Ammonia Pipeline, L.P.    	  	Delaware	  	Magellan OLP, L.P. - 99.999% limited partner interest Magellan NGL, LLC - 0.001% general partner interest	  	N/A

  
 Schedule 3.11 – Page
1 

							
	 Name
	  	 Jurisdiction of

Organization
	  	 Owners of Shares of

Capital Stock or other

Equity Interests
	  	 Number of Shares held by
each Owner, if
applicable

	Magellan Logistics & Services, L.P.	  	Delaware	  	 Magellan OLP, L.P. - 99.999% limited partner interest
  

Magellan NGL, LLC – 0.001% general partner interest
	  	N/A
				
	Magellan Terminals Holdings, L.P.	  	Delaware	  	 Magellan OLP, L.P. - 99.999% limited partner interest
  

Magellan NGL, LLC – 0.001% general partner interest
	  	N/A
				
	Magellan Pipelines Holdings, L.P.	  	Delaware	  	 Magellan OLP, L.P. - 99.999% limited partner interest
  

Magellan NGL, LLC – 0.001% general partner interest
	  	N/A
				
	Magellan Asset Services, L.P.	  	Delaware	  	 Magellan OLP, L.P. - 99.999% limited partner interest
  

Magellan NGL, LLC – 0.001% general partner interest
	  	N/A
				
	Magellan GP, LLC	  	Delaware	  	Borrower – 100%	  	N/A
				
	MGG GP Holdings, LLC	  	Delaware	  	Magellan GP, LLC – 100%	  	N/A
				
	Magellan Midstream Holdings GP, LLC	  	Delaware	  	MGG GP Holdings, LLC – 100%	  	N/A

  
 Schedule 3.11 – Page
2 

 SCHEDULE 6.01 

EXISTING INDEBTEDNESS 
 None. 

  
 Schedule 6.01 – Page
1 

 SCHEDULE 6.02 

EXISTING LIENS 
 None. 

  
 Schedule 6.02 – Page
1 

 SCHEDULE 6.07 

EXISTING RESTRICTIONS 
 Restrictions and
conditions pursuant to the Long-Term Credit Agreement. 

  
 Schedule 6.07 – Page
1 

 EXHIBIT A 

ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is
entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the
Credit Agreement identified below, receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of
this Assignment and Assumption as if set forth herein in full. 
 For an agreed consideration, the Assignor hereby irrevocably sells and
assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to
the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including guarantees included in such facilities) and (ii) to the extent
permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit
Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory
claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to
herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.

  

					
	1.	  	Assignor:	  	                                      
                  
			
	2.	  	Assignee:	  	                                      
                  
		  		  	[and is a Lender, an Affiliate/Approved Fund of [identify Lender]]1
			
	3.	  	Borrower:	  	Magellan Midstream Partners, L.P.
		
	4.	  	Administrative Agent: Wells Fargo Bank, National Association, as the administrative agent under the Credit Agreement
		
	5.	  	Credit Agreement: The $500,000,000 364-Day Credit Agreement dated as of May 17, 2019, among Magellan Midstream Partners, L.P., the Lenders parties thereto, Wells Fargo Bank,
National Association, as Administrative Agent, and the other agents parties thereto (as same may be amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time)
		
	6.	  	Assigned Interest:

  
  

	1	 Select as applicable. 

  
 Exhibit A – Page 1

													
	 Facility
	  	Aggregate Amount of
Commitment/Loans
for all Lenders	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage Assigned
of
Commitment/Loans2	 
	 364-Day Credit Agreement
	  	$	 	 	  	$	 	 	  	 	%	 

  
  

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

  
 Exhibit A – Page 2

 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
	
	 [NAME OF
ASSIGNOR]

 
			
		
	 By:
	 	
 

			
	 Title:

			
	
	ASSIGNEE
	
	 [NAME OF
ASSIGNEE]

 
			
		
	 By:
	 	
 

			
	 Title:

  
 Exhibit A – Page 3

			
	[Consented to and]3 Accepted:
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent

		
	By	 	
                     
                                

	Name:
	Title:
	
	 [MAGELLAN MIDSTREAM PARTNERS, L.P.,

as Borrower

		
	By	 	
                     
                                    

	Name:
	Title:] 4

  
  

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

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

  
 Exhibit A – Page 4

 Annex 1 to Assignment and Assumption 

[                       
             ] 
 STANDARD TERMS AND CONDITIONS FOR 

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

  
 Exhibit A – Page 5

 2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have
accrued from and after the Effective Date. 
 3. General Provisions. This Assignment and Assumption shall be binding upon, and inure
to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a
signature page of this Assignment and Assumption by telecopy or other electronic transmission 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 A – Page 6

 EXHIBIT B 

FORM OF NOTE 
  

			
	$[                            ]	  	                            ,
20        

 FOR VALUE RECEIVED, the undersigned, MAGELLAN MIDSTREAM PARTNERS, L.P., a Delaware limited partnership, the
Borrower under that certain 364-Day Credit Agreement, dated as of May 17, 2019 (as may be amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time, the
“Credit Agreement”), among the Borrower, the Lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent for the Lenders (the “Administrative Agent”), HEREBY PROMISES TO PAY to
[                                    ] (the
“Lender”), the amount as may be advanced from time to time under the Credit Agreement by the Lender in accordance with such Lender’s Commitment outstanding from time to time. All capitalized terms used herein and not otherwise
defined shall have the meanings as defined in the Credit Agreement. 
 The Borrower promises to pay interest on the unpaid principal amount
of this Note outstanding from time to time at the place and at such times and at such interest rates as are specified in the Credit Agreement. Payments made by the Borrower in respect of the amounts due hereunder shall be allocated to the Lender by
the Administrative Agent on the terms specified in the Credit Agreement. 
 This Note is one of the Notes in respect of the Loans referred
to in, and this Note and all provisions herein are entitled to the benefits of, the Credit Agreement. 
 The Credit Agreement, among other
things, (a) provides for the making of Loans by the Lender and other Lenders to the Borrower from time to time and (b) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events, for prepayments
in whole or in part on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified, and for limitations on the amount of interest paid such that no provision of the Credit Agreement or this Note shall
require the payment or permit the collection of interest in excess of the Maximum Rate. 
 The Borrower waives grace (except to the extent
expressly provided in the Credit Agreement), demand, presentment for payment, notice of dishonor or default, notice of acceleration, notice of intent to accelerate, protest and notice of protest and diligence in collecting and bringing of suit
against any party hereto, and agree to all renewals, extensions or partial payments hereon, with or without notice, before or after maturity. 

This Note shall be governed by and construed under the laws of the State of New York. 

  
 Exhibit B – Page 1

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

					
	BORROWER:
	
	 MAGELLAN MIDSTREAM PARTNERS, L.P.,

a Delaware limited partnership

		
	By:	 	Magellan GP, LLC,
		 	a Delaware limited liability company
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 Exhibit B – Page 2

 EXHIBIT C-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 the 364-Day Credit Agreement dated as of May 17, 2019 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Magellan Midstream Partners, L.P., a Delaware limited partnership (the “Borrower”), the lenders party thereto and Wells Fargo
Bank, National Association, as Administrative Agent. 
 Pursuant to the provisions of Section 2.16 of the Credit Agreement, the
undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning
of Section 881(c)(3)(A) of the Code, (iii) it is not a ten 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 IRS Form W-8BEN-E (or
applicable successor form). 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. 
  

			
	 [NAME OF LENDER]

		
	 By:
	 	
                   
                                         
                

		 	 Name:

		 	 Title:

	
	
Date:                  
      , 20[     ]

  
 Exhibit C-1 – Page 1

 EXHIBIT C-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 the 364-Day Credit Agreement dated as of May 17, 2019 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Magellan Midstream Partners, L.P., a Delaware limited partnership (the “Borrower”), the lenders party thereto and Wells Fargo
Bank, National Association, as Administrative Agent. 
 Pursuant to the provisions of Section 2.16 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 ten 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 IRS Form W-8BEN-E (or applicable successor
form). 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. 
  

			
	 [NAME OF PARTICIPANT]

		
	 By:
	 	
                   
                                         
                

		 	 Name:

		 	 Title:

	
	
Date:                  
      , 20[     ]

  
 Exhibit C-2 – Page 1

 EXHIBIT C-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 the 364-Day Credit Agreement dated as of May 17, 2019 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Magellan Midstream Partners, L.P., a Delaware limited partnership (the “Borrower”), the lenders party thereto and Wells Fargo
Bank, National Association, as Administrative Agent. 
 Pursuant to the provisions of Section 2.16 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 ten 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 (or applicable successor
form) 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 IRS Form W-8BEN-E (or applicable successor form) or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E (or applicable successor forms) 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. 
  

			
	 [NAME OF PARTICIPANT]

		
	 By:
	 	
                   
                                         
                

		 	 Name:

		 	 Title:

	
	
Date:                  
      , 20[     ]

  
 Exhibit C-3 – Page 1

 EXHIBIT C-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 the 364-Day Credit Agreement dated as of May 17, 2019 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among Magellan Midstream Partners, L.P., a Delaware limited partnership (the “Borrower”), the lenders party thereto and Wells Fargo
Bank, National Association, as Administrative Agent. 
 Pursuant to the provisions of Section 2.16 of the Credit Agreement, the
undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the
sole beneficial owners of such Loan(s) (as well as any note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan 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 ten 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 (or applicable successor form) 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 IRS Form W-8BEN-E (or applicable successor form) or (ii) an IRS Form W-8IMY
accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E (or applicable successor forms) 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. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
  

			
	 [NAME OF LENDER]

		
	 By:
	 	
                   
                                         
                

		 	 Name:

		 	 Title:

	
	
Date:                  
      , 20[     ]

  
 Exhibit C-4 – Page 1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00296-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00296-of-00352.parquet"}]]