Document:

FOURTH AMENDMENT TO CONVERTIBLE PROMISSORY NOTE

 

	 

	 

THIS FOURTH AMENDMENT TO CONVERTIBLE PROMISSORY NOTE (this “Amendment”) is entered into as of March 31, 2019, by and between MOUNT TAM BIOTECHNOLOGIES, INC., a Nevada corporation (“Maker”), and Fromar Investments, LP (“Holder”).

 

RECITALS

 

A.Maker and Holder entered into that certain Convertible Promissory Note as of March 5, 2018 (the “Note”), which Note was amended as of September 24, 2018 pursuant to that certain Amendment to Convertible Promissory Note, again amended on November 14, 2018 pursuant to that certain Second Amendment to Convertible Promissory Note and further amended on December 31, 2018 pursuant to that certain Third Amendment to Convertible Promissory Note.  

 

B.Maker and Holder have agreed to further amend the Note pursuant to the terms set forth herein.  

 

NOW THEREFORE, in consideration of the above recitals and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties agree as follows:

 

1.The Note is hereby amended by extending the Maturity Date thereof to June 30, 2019. 

 

2.This Amendment supersedes any and all other provisions of the Note which are in conflict with this instrument. 

 

3.This Amendment constitutes the full and complete agreement between the parties hereto.  All other provisions of the Note, as amended, not modified herein shall remain in full force and effect and are incorporated herein. 

 

 

 

[Signature page follows]

 

IN WITNESS WHEREOF, the parties have executed this Fourth Amendment to Convertible Promissory Note effective as of the effective date set forth above.

 

 

 

	 

	MAKER:

 

MOUNT TAM BIOTECHNOLOGIES, INC.

 

 

By:/s/ Richard Marshak 

Name:Richard Marshak 

Title:Chief Executive Officer 

 

 

 

	 

	HOLDER:

 

Fromar Investments, LP

 

 

By:/s/ Doug Froese 

Name:Doug Froese 

Title: Chief Financial Officer 

Signature Page to Fourth Amendment to Convertible Promissory NoteFIFTH AMENDMENT TO AMENDED AND RESTATED CONVERTIBLE PROMISSORY NOTE

 

	 

	 

THIS FIFTH AMENDMENT TO AMENDED AND RESTATED CONVERTIBLE PROMISSORY NOTE (this “Amendment”) is entered into as of March 31, 2019, by and between MOUNT TAM BIOTECHNOLOGIES, INC., a Nevada corporation (“Maker”), and 0851229 BC Ltd. (“Holder”).

 

RECITALS

 

A.Maker and Holder entered into that certain Convertible Promissory Note on March 23, 2016 (the “Note”). 

 

B.The Note was amended and restated by Maker and Holder pursuant to that certain Second Amended and Restated Secured Convertible Promissory Note entered into as of June 13, 2016, amended on March 5, 2018 pursuant to that certain Amendment to Secured Convertible Promissory Note, amended on September 24, 2018 pursuant to that certain Second Amendment to Amended and Restated Convertible Promissory Note, amended on November 14, 2018 pursuant to that certain Third Amendment to Amended and Restated Convertible Promissory Note, and further amended on December 31, 2018 pursuant to that certain Fourth Amendment to Amended and Restated Convertible Promissory Note. 

 

C.Maker and Holder have agreed to further amend the Note pursuant to the terms set forth herein.  

 

NOW THEREFORE, in consideration of the above recitals and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties agree as follows:

 

1.The Note is hereby amended by extending the Maturity Date thereof to June 30, 2019. 

 

2.This Amendment supersedes any and all other provisions of the Note which are in conflict with this instrument. 

 

3.This Amendment constitutes the full and complete agreement between the parties hereto.  All other provisions of the Note, as amended, not modified herein shall remain in full force and effect and are incorporated herein. 

 

 

 

[Signature page follows]

 

IN WITNESS WHEREOF, the parties have executed this Fifth Amendment to Amended and Restated Convertible Promissory Note effective as of the effective date set forth above.

 

 

 

	 

	MAKER:

 

MOUNT TAM BIOTECHNOLOGIES, INC.

 

 

By:/s/ Richard Marshak 

Name:Richard Marshak 

Title:Chief Executive Officer 

 

 

 

	 

	HOLDER:

 

0851229 BC Ltd.

 

 

By:/s/ Doug Froese 

Name:Doug Froese 

Title: Director 

Signature Page to Fifth Amendment to Amended and Restated Convertible Promissory NoteExhibit 10.1

  

   

    

  
    

    Execution Version

    

    

  

  

  

  

  AMENDED AND RESTATED CREDIT AGREEMENT

  

  

  dated as of

   

    

   March 27, 2019 

   

    

  among

   

    

  KIRBY CORPORATION,

   

    

  The Lenders Party Hereto,

   

    

   JPMORGAN CHASE BANK, N.A.

  as Administrative Agent,

  

  

  BANK OF AMERICA, N.A., 

  WELLS FARGO BANK, N.A.,

   BMO CAPITAL MARKETS CORP.,

  and

  PNC BANK, NATIONAL ASSOCIATION

  as Syndication Agents, 

   

    

  and

   

    

  U.S. BANK NATIONAL ASSOCIATION 

  and

  BRANCH BANKING AND TRUST COMPANY,

  as Documentation Agent

  

  

  JPMORGAN CHASE BANK, N.A.

  MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, 

  WELLS FARGO SECURITIES, LLC.,

  BMO CAPITAL MARKETS CORP.,

  and

  PNC CAPITAL MARKETS LLC

  as Joint Bookrunners and Co-Lead Arrangers

   

    

  
    
 

   

    

  
    
      

  

  
  TABLE OF CONTENTS

  

  

  	 	

        	
          Page

        
	 	 	 
	
          ARTICLE I Definitions

        	
          1

        
	 	
          SECTION 1.01 Defined Terms

        	
          1

        
	 	
          SECTION 1.02 Classification of Loans and Borrowings

        	
          21

        
	 	
          SECTION 1.03 Terms Generally

        	
          21

        
	 	
          SECTION 1.04 Accounting Terms; GAAP

        	
          22

        
	 	
          SECTION 1.05 Timing of Payment or Performance

        	
          22

        
	 	
          SECTION 1.06 Interest Rates; LIBOR Notification

        	
          22

        
	 	 	 
	
          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 Swingline Loans

        	
          24

        
	 	
          SECTION 2.05 Letters of Credit

        	
          26

        
	 	
          SECTION 2.06 Funding of Borrowings

        	
          30

        
	 	
          SECTION 2.07 Interest Elections

        	
          30

        
	 	
          SECTION 2.08 Termination and Reduction of Commitments

        	
          31

        
	 	
          SECTION 2.09 Repayment of Loans; Evidence of Debt

        	
          32

        
	 	
          SECTION 2.10 Prepayment of Loans

        	
          33

        
	 	
          SECTION 2.11 Fees

        	
          34

        
	 	
          SECTION 2.12 Interest

        	
          35

        
	 	
          SECTION 2.13 Alternate Rate of Interest

        	
          36

        
	 	
          SECTION 2.14 Increased Costs

        	
          37

        
	 	
          SECTION 2.15 Break Funding Payments

        	
          38

        
	 	
          SECTION 2.16 Withholding of Taxes; Gross Up

        	
          39

        
	 	
          SECTION 2.17 Payments Generally; Pro Rata Treatment; Sharing of Set-offs

        	
          43

        
	 	
          SECTION 2.18 Mitigation Obligations; Replacement of Lenders

        	
          44

        
	 	
          SECTION 2.19 Expansion Option

        	45
	 	
          SECTION 2.20 Cash Collateral

        	
          47

        
	 	
          SECTION 2.21 Defaulting Lenders

        	
          47

        
	 	
          SECTION 2.22 Extension of Revolving Credit Maturity Date

        	
          50

        
	 	 	 
	
          ARTICLE III Representations and Warranties

        	
          51

        
	 	
          SECTION 3.01 Organization; Powers

        	
          51

        
	 	
          SECTION 3.02 Authorization; Enforceability

        	
          51

        
	 	
          SECTION 3.03 Governmental Approvals; No Conflicts

        	
          51

        
	 	
          SECTION 3.04 Financial Condition; No Material Adverse Change

        	
          52

        
	 	
          SECTION 3.05 Properties

        	
          52

        
	 	
          SECTION 3.06 Litigation and Environmental Matters

        	
          52

        
	 	
          SECTION 3.07 Compliance with Laws and Agreements

        	
          52

        
	 	
          SECTION 3.08 Governmental Regulation

        	
          53

        
	 	
          SECTION 3.09 Taxes

        	
          53

        
	 	
          SECTION 3.10 ERISA

        	
          53

        

  

  

  
    i

    
      

  

  

  	 	
          SECTION 3.11 Disclosure

        	
          53

        
	 	
          SECTION 3.12 Labor Matters

        	
          53

        
	 	
          SECTION 3.13 Margin Stock

        	
          54

        
	 	
          SECTION 3.14 Anti-Corruption Laws and Sanctions

        	
          54

        
	 	
          SECTION 3.15 EEA Financial Institution

        	
          54

        
	 	 	 
	
          ARTICLE IV Conditions

        	
          54

        
	 	
          SECTION 4.01 Effective Date

        	
          54

        
	 	
          SECTION 4.02 Each Credit Event

        	
          55

        
	 	 	 
	
          ARTICLE V Affirmative Covenants

        	
          56

        
	 	
          SECTION 5.01 Financial Statements; Ratings Change and Other Information

        	
          56

        
	 	
          SECTION 5.02 Notices of Material Events

        	
          57

        
	 	
          SECTION 5.03 Existence; Conduct of Business

        	
          58

        
	 	
          SECTION 5.04 Taxes; Claims

        	
          58

        
	 	
          SECTION 5.05 Maintenance of Properties; Insurance

        	
          58

        
	 	
          SECTION 5.06 Books and Records; Accounting Systems; Inspection Rights

        	
          58

        
	 	
          SECTION 5.07 Compliance with Laws and Agreements

        	
          59

        
	 	
          SECTION 5.08 Use of Proceeds and Letters of Credit

        	
          59

        
	 	
          SECTION 5.09 Accuracy of Information

        	
          59

        
	 	
          SECTION 5.10 Continuous Ratings

        	
          59

        
	 	
          SECTION 5.11 Further Assurances

        	
          60

        
	 	 	 
	
          ARTICLE VI Negative Covenants

        	
          60

        
	 	
          SECTION 6.01 Debt

        	
          60

        
	 	
          SECTION 6.02 Liens

        	
          61

        
	 	
          SECTION 6.03 Consolidated Subsidiary Dispositions

        	
          62

        
	 	
          SECTION 6.04 Consolidated Subsidiary Distributions

        	
          63

        
	 	
          SECTION 6.05 Mergers and Acquisitions

        	
          64

        
	 	
          SECTION 6.06 Restricted Investments

        	
          65

        
	 	
          SECTION 6.07 Lines of Business

        	
          65

        
	 	
          SECTION 6.08 Transactions with Affiliates

        	
          65

        
	 	
          SECTION 6.09 Restricted Payments

        	
          65

        
	 	
          SECTION 6.10 Financial Covenants

        	
          65

        
	 	 	 
	
          ARTICLE VII Events of Default

        	
          66

        
	 	 
	
          ARTICLE VIII The Administrative Agent

        	
          68

        
	 	
          SECTION 8.01 Appointment

        	
          68

        
	 	
          SECTION 8.02 Rights as Lender

        	
          68

        
	 	
          SECTION 8.03 Duties and Obligations

        	
          68

        
	 	
          SECTION 8.04 Reliance

        	
          69

        
	 	
          SECTION 8.05 Actions Through Sub-Agents

        	
          69

        
	 	
          SECTION 8.06 Resignation

        	
          69

        
	 	
          SECTION 8.07 Non-Reliance

        	
          70

        
	 	
          SECTION 8.08 Not Partners or Co-Venturers

        	
          70

        

  

  

  
    ii

    
      

  

  	
          ARTICLE IX Miscellaneous

        	
          70

        
	 	
          SECTION 9.01 Notices

        	
          70

        
	 	
          SECTION 9.02 Waivers; Amendments

        	
          72

        
	 	
          SECTION 9.03 Expenses; Indemnity; Damage Waiver

        	
          73

        
	 	
          SECTION 9.04 Successors and Assigns

        	
          75

        
	 	
          SECTION 9.05 Survival

        	
          79

        
	 	
          SECTION 9.06 Counterparts; Integration; Effectiveness; Electronic Execution

        	
          79

        
	 	
          SECTION 9.07 Severability

        	
          80

        
	 	
          SECTION 9.08 Right of Setoff

        	
          80

        
	 	
          SECTION 9.09 Governing Law; Jurisdiction; Consent to Service of Process

        	
          80

        
	 	
          SECTION 9.10 WAIVER OF JURY TRIAL

        	
          80

        
	 	
          SECTION 9.11 Headings

        	
          81

        
	 	
          SECTION 9.12 Confidentiality

        	
          81

        
	 	
          SECTION 9.13 Material Non-Public Information

        	
          81

        
	 	
          SECTION 9.14 Interest Rate Limitation

        	
          82

        
	 	
          SECTION 9.15 No Advisory or Fiduciary Relationship

        	
          83

        
	 	
          SECTION 9.16 USA PATRIOT Act

        	
          83

        
	 	
          SECTION 9.17 Final Agreement of the Parties

        	
          83

        
	 	
          SECTION 9.18 Acknowledgement and Consent to Bail-In of EEA Financial Institutions

        	
          84

        
	 	
          SECTION 9.19 Amendment and Restatement

        	
          84

        

   

        

  SCHEDULES:

  

  

  
    	
            Schedule 1.01

          	
            – 

          	
            Existing Letters of Credit 

          
	
             

          	
             

          	
             

          
	
            Schedule 2.01

          	
            – 

          	
            Commitments

          
	
             

          	
             

          	
             

          
	
            Schedule 3.01

          	
            – 

          	
            Consolidated Subsidiaries (Part A) and Excluded Affiliates (Part B)

          

  

  

  

  EXHIBITS:

   

    

  	
          Exhibit A

        	
          --

        	
          Form of Assignment and Assumption

        
	 	 	 
	
          Exhibit B

        	
          --

        	
          Form of Borrowing Request

        
	 	 	 
	
          Exhibit C

        	
          --

        	
           Form of Interest Election Request

        

   

    

  	
          Exhibit D-1

        	
           --

        	
          U.S. Tax Compliance Certificate (For Foreign Lenders that are not Partnerships for U.S. Federal Income Tax Purposes)

        
	 	 	 
	
          Exhibit D-2

        	
           --

        	
           U.S. Tax Compliance Certificate (For Foreign Participants that are not Partnerships for U.S. Federal Income Tax Purposes)

        
	 	 	 
	
          Exhibit D-3

        	
           --

        	
          U.S. Tax Compliance Certificate (For Foreign Participants that are Partnerships for U.S. Federal Income Tax Purposes)

        

   

  

  
    iii

    
      

  

  	
          Exhibit D-4

        	
           --

        	
          U.S. Tax Compliance Certificate (For Foreign Lenders that are Partnerships for U.S. Federal Income Tax Purposes)

        
	 	 	 
	
          Exhibit E

        	
          --

        	
          Form of Increasing Lender Agreement

        
	 	 	 
	
          Exhibit F

        	
           --

        	
          Form of Augmenting Lender Agreement

        

   

  

  
    iv

    
      

  

  
    AMENDED AND RESTATED CREDIT AGREEMENT dated as of March 27, 2019 (as amended, restated, amended and restated, supplemented or otherwise
      modified from time to time, the “Agreement”), among KIRBY CORPORATION, the LENDERS party hereto, JPMORGAN CHASE BANK, N.A., as
      Administrative Agent, BANK OF AMERICA, N.A., WELLS FARGO BANK, N.A., ,BMO CAPITAL MARKETS CORP, and PNC BANK, NATIONAL ASSOCIATION, as Syndication Agents, and U.S. BANK NATIONAL ASSOCIATION and BRANCH BANKING AND TRUST COMPANY, as Documentation
      Agents.

    

    

    WHEREAS, the Borrower is a party to that certain Credit Agreement dated as of April 30, 2015 (as amended prior to the
        Effective Date, the “Existing Credit Agreement”), among the Borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as
        administrative agent for such lenders; and

    

    

    WHEREAS, the Borrower, the Administrative Agent and the Lenders mutually desire to amend and restate the Existing
        Credit Agreement in its entirety;

    

    

    NOW, THEREFORE, in consideration of the foregoing and the mutual covenants set forth herein, the Borrower, the
        Administrative Agent and the Lenders agree that the Existing Credit Agreement is hereby amended and restated so as to read in its entirety 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, bear interest at a rate determined by reference to the Alternate Base Rate.

    

    

    “Act” has the meaning assigned to it in Section 9.16.

    

    

    “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.

    

    

    “Adjusted Net
          Income” means, for any period, Net Income for such period, less, to the extent otherwise included in such Net Income, (a) extraordinary gains,
        including gains arising from the sale of capital assets, the write-up of assets or the acquisition of securities, in each case, by the Borrower or any of its Consolidated Subsidiaries and (b) net income of any Person (other than a Consolidated
        Subsidiary) in which the Borrower or any of its Consolidated Subsidiaries has an ownership interest, except for the portion of such net income that has been distributed to the Borrower or a Consolidated Subsidiary, plus, to the extent not otherwise included in such Net Income, (i) extraordinary losses, including losses arising from the sale of capital assets of the Borrower or any of its
        Consolidated Subsidiaries, and (ii) distributions (other than returns of capital) which have been made to the Borrower or a Consolidated Subsidiary by any Person

    

     

    

    
      
        

    

    (other than a Consolidated Subsidiary) in which the Borrower or any of its Consolidated Subsidiaries has an ownership interest. 

    

     “Administrative Agent” means JPMorgan Chase Bank, N.A., 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, when used with respect to any Person, any Person controlling, controlled by or under common control with any such Person (within the meaning of Rule 405 under the Securities Act of 1933).

    

    

    “Agent Party”
        has the meaning assigned to it in Section 9.01(d).

    

    

    “Aggregate
          Credit Exposure” means, at any time, the aggregate Credit Exposure of all Lenders at such time.

    

    

    “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 Adjusted LIBO Rate for a one month Interest Period on such day
        (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%; provided that the Adjusted LIBO Rate for any day shall be based on the LIBO Rate
        at approximately 11:00 a.m. London time on such day, subject to the interest rate floors set forth therein. Any change in the Alternate Base Rate due to a change in the Prime Rate, the FRBNY Rate or the Adjusted LIBO Rate shall be effective from
        and including the effective date of such change in the Prime Rate, the FRBNY Rate or the Adjusted LIBO Rate, respectively.

    

    

    “Anti-Corruption

          Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or any of its Affiliates from time to time concerning or relating to bribery or corruption.

    

    

    “Applicable
          Margin” means, for any day, with respect to any 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 S&P Rating, Moody’s Rating and Fitch Rating (individually, a “Rating” and collectively, the “Ratings”), on such date:

    

    

    	
            Pricing Level

          	 	
            S&P/Moody’s/Fitch 

            Rating

          	 	
            ABR

            Spread

          	 	 	
             

                  

            Eurodollar

             Spread

          	 	 	
            Commitment Fee 

            Rate

          	 
	
            Pricing Level I

          	 	
            Greater than or equal to 

            BBB+/Baa1/BBB+

          	 	 	
            0.00

          	
            %

          	 	 	
            1.00

          	
            %

          	 	 	
            0.100

          	
            %

          
	
            Pricing Level II

          	 	
            Equal to 

            BBB/Baa2/BBB

          	 	 	
            0.125

          	
            %

          	 	 	
            1.125

          	
            %

          	 	 	
            0.150

          	
            %

          

     

    

    
      2

      
        

    

    	
             

            Pricing Level

          	 	
            S&P/Moody’s/Fitch

             Rating

          	 	
            ABR

            Spread

          	 	 	
            Eurodollar 

            Spread

          	 	 	
            Commitment Fee

             Rate

          	 
	
            Pricing Level III

          	 	
            Equal to 

            BBB-/Baa3/BBB-

          	 	 	
            0.375

          	
            %

          	 	 	
            1.375

          	
            %

          	 	 	
            0.200

          	
            %

          
	
            Pricing Level IV

          	 	
            Equal to

             BB+/Ba1/BB+

          	 	 	
            0.625

          	
            %

          	 	 	
            1.625

          	
            %

          	 	 	
            0.250

          	
            %

          
	
            Pricing Level V

          	 	
            Less than or equal to 

                BB/Ba2/BB

          	 	 	
            0.875

          	
            %

          	 	 	
            1.875

          	
            %

          	 	 	
            0.300

          	
            %

          

    

    

    For purposes of the foregoing,

    

    

    (a)          if either Moody’s or S&P shall
        not have in effect a Rating and the Borrower is using all commercially reasonable efforts to maintain both Ratings, then the remaining Rating shall determine the Pricing Level;

    

    

    (b)          if the Moody’s Rating and the
        S&P Rating fall within the same Pricing Level, that Pricing Level shall apply;

    

    

    (c)          if the Moody’s Rating and the
        S&P Rating shall fall within different Pricing Levels that differ by only one level, the Pricing Level in which the higher Rating falls shall apply;

    

    

    (d)          if the Moody’s Rating and the
        S&P Rating shall fall within different Pricing Levels that differ by more than one level and the Fitch Rating falls within the same Pricing Level as the either the Moody’s Rating or the S&P Rating, that Pricing Level shall apply;

    

    

    (e)          if the Moody’s Rating and the
        S&P Rating shall fall within different Pricing Levels that differ by more than one level and the Fitch Rating does not fall within either of such Pricing Levels, the Pricing Level in which the middle Rating falls shall apply; and

    

    

    (f)          if the Moody’s Rating and the
        S&P Rating shall fall within different Pricing Levels that differ by more than one level and Fitch shall not have in effect a Rating, the Pricing Level that is one level below the Pricing Level in which the higher Rating falls shall apply.

    

    

    Each change in the Applicable Margin 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, S&P or Fitch shall change, or if any 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 Margin shall be determined by reference to the rating most recently in effect prior to such change or cessation.

     

      

    
      3

      
        

    

    “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 the
        Commitments most recently in effect, giving effect to any assignments.

    

    

    “Approved Fund”
        has the meaning assigned to it in Section 9.04(b).

    

    

    “ASC 842”
        means Accounting Standards Codification 842, as published by the Financial Accounting Standards Board.

    

    

    “Assignment
          and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of any party 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.

    

    

    “Augmenting
          Lender” has the meaning assigned to it in Section 2.19.

    

    

    “Availability
          Period” means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Maturity Date and the date of termination of all of the Commitments.

    

    

    “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 C.F.R. § 1010.230.

    

    

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

    

    

    “Borrower”
        means Kirby Corporation, a Nevada corporation.

    

    

    “Borrowing”
        means (a) Revolving 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, (b) Term 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, and (c) a Swingline Loan. 

    

    

    “Borrowing
          Request” means a request by the Borrower for a Borrowing in accordance with Section 2.03 and substantially in the form of Exhibit B.

    

    

    “Business Day”
        means any day that is not a Saturday, Sunday or other day on which commercial banks in Houston, Texas are authorized or required by law to remain closed;

      

     

    

    
      4

      
        

    

    
      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 Lease”
        means, as to any Person, any lease or rental agreement (excluding “operating leases”, within the meaning of ASC 842) in respect of which such Person’s obligations as lessee under such lease or rental agreement, constitute obligations which shall
        have been or should be, in accordance with GAAP, capitalized on the balance sheet of such Person as a “finance lease” (within the meaning of ASC 842).

    

    

    “Cash
          Collateralize” means, to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more of the Issuing Banks or the Lenders, as collateral for LC Exposure or obligations of Lenders to fund participations in
        respect of Letters of Credit, cash or deposit account balances or, if the Administrative Agent and each applicable Issuing Bank shall agree in their sole discretion, make arrangements for other credit support, in each case pursuant to documentation
        in form and substance reasonably satisfactory to the Administrative Agent and each applicable Issuing Bank. “Cash Collateral” shall have a
        meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other arrangements.

    

    

    “Change in
          Control” means any of (a) the acquisition by any Person or two or more Persons (excluding underwriters in the course of their distribution of voting stock in an underwritten public offering) acting in concert, of beneficial ownership
        (within the meaning of Rule 13d-3 of the Securities and Exchange Commission) of 35% or more of the outstanding shares of voting stock of the Borrower, (b) 50% or more of the members of the Board of Directors of the Borrower on any date shall not
        have been (i) members of the Board of Directors of the Borrower on the date 12 months prior to such date or (ii) approved by Persons who constitute at least a majority of the members of the Board of Directors of the Borrower as constituted on the
        date 12 months prior to such date, (c) all or substantially all of the assets of the Borrower are sold in a single transaction or series or related transactions to any Person or (d) the Borrower merges or consolidates with or into any other Person,
        with the effect that immediately after such transaction the stockholders of the Borrower immediately prior to such transaction hold less than 65% of the total voting power entitled to vote in the election of directors, managers or trustees of the
        Person surviving such transaction.

    

    

    “Change in Law” means the occurrence after the Effective Date of any of the following: (a) the adoption of or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the
        administration interpretation, implementation or application thereof by any Governmental Authority or (c) compliance by any Lender or Issuing Bank (or, for purposes of Section

            2.14(b), by any lending office of such Lender or by such Lender’s or Issuing Bank’s holding company, if any) with any request, guideline, requirements or directive (whether or not having the force of law) of any Governmental
        Authority made or issued after the date of this Agreement; provided that, notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform
        and Consumer Protection Act and all requests, rules, guidelines, requirements or directives thereunder or issued in connection therewith or the implementation thereof and (y) all requests, rules, guidelines, requirements or directives promulgated
        by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory

     

      

    
      5

      
        

    

    authorities, in each case pursuant to Basel III, shall be deemed to be a “Change in
        Law,” regardless of the date enacted, adopted or issued. 

     

      

    “Charges”
        has the meaning assigned to it in Section 9.14.

    

    

    “Class”
        when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans, a Term Loan or Swingline Loans, (b) any Commitment, refers to whether such Commitment is a Revolving
        Commitment or a Term Commitment, and (c) any Lender, refers to whether such Lender has a Loan or Commitment of a particular Class.

    

    

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

    

    

    “Commitment”
        means, with respect to each Lender, the sum of such Lender’s Revolving Commitment and Term Commitments. The initial amount of each Lender’s Commitment is set forth on the Commitment

            Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Commitment, as applicable.

    

    

    “Communications”
        has the meaning assigned to it in Section 9.01(d).

    

    

    “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.

    

    

    “Consenting
          Lender” has the meaning assigned to it in Section 2.22.

    

    

    “Consolidated
          Subsidiary” means, as of any date, any Subsidiary of the Borrower that, in accordance with GAAP, would be included in the consolidated financial statements of the Borrower prepared as of such date.

    

    

    “Consolidated
          Total Assets” means, as of any date of determination, the total amount of all assets of the Borrower and its Consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP.

    

    

    “Credit
          Exposure” means, as to any Lender at any time, the sum of (a) such Lender’s Revolving Credit Exposure at such time plus (b) an amount equal to the aggregate principal amount of its Term Loans outstanding at such time.

    

    

    “Current
          Liabilities” means, as of any date, all liabilities (including, without limitation, accounts payable incurred for services rendered and property purchased in the ordinary course of business) which would be reflected as current liabilities
        on a consolidated balance sheet of the Borrower and its Consolidated Subsidiaries prepared as of such date in accordance with GAAP consistently applied, but excluding current maturities of Funded Debt of the Borrower and its Consolidated
        Subsidiaries as of such date.

    

    

    “Declining Lender”
        has the meaning assigned to it in Section 2.22.

      

    

      

    “Debt”
        of any Person shall mean, without duplication: (a) any obligation of such Person for borrowed money, (b) any obligation of such Person evidenced by bonds, debentures, notes or other similar debt instruments, (c) all obligations of such Person under
        conditional sale or other 

    

    

    

    
      6

      
        

    

    title retention agreements relating to property purchased by such Person, (d) any obligation of such Person for the deferred purchase price of
        any property or services, except accounts payable arising in the ordinary course of such Person’s business that have been outstanding less than ninety (90) days since the date of the related invoice, (e) the present value (discounted at the
        implicit rate, if known, or ten percent (10%) per annum otherwise) of all obligations in respect of Capital Leases of such Person, (f) any Derivative Obligations of such Person, (g) any reimbursement obligations of such Person in respect of
        drawings under a letter of credit or similar instrument, (h) any indebtedness or obligations of others of the type described in clauses (a) through (g) that is secured
        by a Lien on any asset of such Person; and (i) all Guaranties of such Person in respect of any of the foregoing clauses (a) through (h). The amount of Debt of any Person for the purposes of clause (h) shall be deemed to be equal to the lesser of
        (x) the aggregate unpaid amount of such Debt or, with respect to any such Debt that is revolving in nature, the aggregate available amount of such Debt, and (y) the fair market value of the relevant asset as determined by such Person in good faith,
        so long as such Debt is non-recourse to such Person. 

    

    

    “Debtor Relief
          Laws” means the Bankruptcy Code of the United States of America, 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.

    

    

    “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 (a) has failed to (i) fund any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of
        such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the
        Administrative Agent, any Issuing Bank, the Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two Business Days of
        the date when due, (b) has notified the Borrower, the Administrative Agent, any Issuing Bank or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect
        (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together
        with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrower, to confirm in
        writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall
        cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written certification by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a
        proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or
        assets, including the Federal Deposit Insurance Corporation or any other state or

    

    

    
      7

      
        

    

    federal regulatory authority acting in such a capacity or (iii) become the subject of
        a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender
        or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement
        of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent
        that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section

            2.21(b)) upon delivery of written notice of such determination to the Borrower, each Issuing Bank, the Swingline Lender and each Lender. 

     

      

    “Derivative
          Obligations” means, with respect to any Person, payment obligations with respect to foreign exchange transactions and interest rate, currency and commodity swaps, caps, floors, collars, forward sale contracts, other similar obligations and
        combinations of the foregoing (collectively, “swaps”). For the purposes of this Agreement, the amount of any Derivative Obligations shall be the
        amount determined in respect thereof as of the end of the then most recently ended fiscal quarter of such Person, based on the assumption that all swaps had terminated at the end of such fiscal quarter, and in making such determination, if any
        agreement relating to any such swap provides for the netting of amounts payable by and to such Person thereunder or if any such agreement provides for the simultaneous payment of amounts by and to such Person, then in each such case, the amount of
        such obligation shall be the net amount so determined.

    

    

    “Disclosed
          Matters” has the meaning assigned to it in Section 3.06(a).

    

    

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

    

    

    “Division”
        means the statutory division of the assets, liabilities and/or obligations of a Person (the “Dividing Person”) among two or more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the Dividing
        Person and pursuant to which the Dividing Person may or may not survive.

    

    

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

    

    

    “EBITDA”
        means Adjusted Net Income plus, to the extent deducted in the determination of Net Income or Adjusted Net Income, without duplication, (a) Interest
        Expense, (b) income tax expense, (c) depreciation and amortization expense, (d) extraordinary, non-recurring charges and (e) other non-cash charges (including, without limitation, impairment charges and non-cash operating costs), less, to the extent included in the determination of Adjusted Net Income, without duplication, (i) interest income, (ii) extraordinary, non-recurring
        income and (iii) other non-cash income. For purposes of calculating compliance with the financial covenant set forth in Section 6.10(a) for any period, EBITDA
        shall be adjusted to give pro forma effect to mergers and acquisitions permitted under Section 6.05 and to dispositions permitted under Section 6.03, in each case, occurring during such period, as if such merger, acquisition or disposition had occurred on the first day of such period and any related Debt was incurred,
        or prepaid in connection therewith (as applicable), on such day; provided that such adjustment to EBITDA

     

      

    
      8

      
        

    

    shall not be required for any merger, acquisition or disposition if the adjustment
        made with respect to such event would result in an increase or decrease in EBITDA for such period of less than $25,000,000. 

     

      

    “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).

    

    

    “Electronic
          Signature” means an electronic sound, symbol, or process attached to, or associated with, a contract or other record and adopted by a person with the intent to sign, authenticate or accept such contract or record.

    

    

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

    

    

    “Environmental
          Laws” means all laws, rules, regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment,
        preservation or reclamation of natural resources, the management, release or threatened release of any Hazardous Material or to health and safety matters.

    

    

    “Environmental
          Liability” means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or
        based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any
        Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

    

    

    “ERISA”
        means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the rules promulgated thereunder.

     

      

    
      9

      
        

    

    “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 Section 4001(14) of ERISA 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 failure to satisfy the “minimum funding
        standard” (as defined in Section 412 of the Code or Section 302 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 upon the Borrower or any ERISA Affiliate 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.

    

    

    “Excluded
          Affiliate” means (a) any Subsidiary of the Borrower other than a Consolidated Subsidiary, and (b) all Persons, other than Subsidiaries, in which the Borrower, directly or indirectly, owns or controls five percent (5%) or more of the equity
        interests of such Person.

    

    

    “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, Letter of Credit or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan, Letter of Credit 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

     

      

    
      10

      
        

    

    respect to such Taxes were payable either to such Lender’s assignor immediately before
        such Lender acquired the applicable interest in a Loan, Letter of Credit or Commitment 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 U.S. federal withholding Taxes imposed under FATCA. 

     

      

    “Existing
          Agreement” has the meaning assigned to it in the preamble.

    

    

    “Existing Letters
          of Credit” means those Letters of Credit listed on Schedule 1.01.

    

    

    “Existing
          Revolving Credit Maturity Date” has the meaning assigned to it in Section 2.22.

    

    

    “Fair Market
          Value” shall mean (a) with respect to any asset (other than dollars) the price at which a willing buyer would buy and a willing seller would sell such asset in an arm’s length transaction and (b) with respect to dollars, the amount of such
        dollars.

    

    

    “FATCA”
        means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official
        interpretations thereof, any agreement entered into pursuant to Section 1471(b)(1) of the Code, and any fiscal or regulatory legislation, rules or practices adopted pursuant to any such intergovernmental agreement, treaty or convention among
        Governmental Authorities and implementing such Sections of the Code.

    

    

    “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.

    

    

    “Fitch”
        means Fitch Rating Services, Inc.

    

    

    “Fitch Rating”
        means the Borrower’s issuer default rating, issued by Fitch.

    

    

    “Foreign
          Lender” means (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the
        Borrower is resident for tax purposes.

    

    

    “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;

     

      

    
      11

      
        

    

    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. 

     

      

    “Fronting
          Exposure” means, at any time there is a Defaulting Lender, (a) with respect to any Issuing Bank, such Defaulting Lender’s Applicable Percentage of the LC Exposure with respect to Letters of Credit issued by such Issuing Bank at such time
        other than such LC Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swingline Lender, such
        Defaulting Lender’s Applicable Percentage of the Swingline Exposure at such time other than Swingline Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders.

    

    

    “Funded Debt” means, as of any date, the sum of the following, without duplication: (a) all Debt of the Borrower and its Consolidated Subsidiaries on
        a consolidated basis as of such date, less (b) to the extent included in the amount described in clause (a), the sum of the following (without duplication): (i) all Current Liabilities (other than Current Liabilities that represent Debt for
        borrowed money or Capital Leases) on a consolidated basis as of such date, (ii) any Debt of any Consolidated Subsidiary in excess of the Borrower’s proportionate share
        thereof (based on its direct or indirect equity interest therein), (iii) all other deferred long term liabilities that do not represent Debt for borrowed money or Capital Leases, including deferred compensation, deferred revenue and other deferred
        items classified as other liabilities of the Borrower and its Consolidated Subsidiaries on a consolidated basis as of such date, and (iv) all Derivative Obligations of the Borrower and its Consolidated Subsidiaries as of such date.

    

    

    “GAAP”
        means generally accepted accounting principles in the United States of America.

    

    

    “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.

    

    

    “Guaranties”
        means, as to any Person, all obligations (other than endorsements in the ordinary course of business of negotiable instruments for deposit or collection) of such Person guaranteeing or, in effect, guaranteeing any Debt of any other Person (the
        “primary obligor”) in any manner, whether directly or indirectly, including all obligations incurred through an agreement, contingent or otherwise, by such Person: (a) to purchase such Debt or any property or assets constituting security therefor,
        (b) to advance or supply funds (i) for the purchase or payment of such Debt or (ii) to maintain working capital or other balance sheet conditions or otherwise to advance or make available funds for the purchase or payment of such Debt, (c) to lease
        property or to purchase securities or other property or services primarily for the purpose of assuring the owner of such Debt of the ability of the primary obligor to make payment of the Debt or (d) otherwise to assure the owner of the Debt of the
        primary obligor against loss in respect thereof.

    

    

    “Hazardous
          Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum

     

      

    
      12

      
        

    

    distillates, asbestos or asbestos containing materials, polychlorinated biphenyls,
        radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to any Environmental Law. 

     

      

    “IBA” has
        the meaning assigned to it in Section 1.06.

    

    

    “Impacted
          Interest Period” has the meaning assigned to it in the definition of “LIBO Rate.”

    

    

    “Increasing
          Lender” has the meaning assigned to it in Section 2.19.

    

    

    “Incremental Term
          Loan” has the meaning assigned to it in Section 2.19.

    

    

    “Incremental Term
          Loan Amendment” has the meaning assigned to it in Section 2.19.

    

    

    “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) hereof, Other
        Taxes.

    

    

    “Indemnitee”
        has the meaning assigned to it in Section 9.03(b).

    

    

    “Ineligible
          Institution” has the meaning assigned to it in Section 9.04(b).

    

    

    “Information”
        has the meaning assigned to it in Section 9.12.

    

    

    “Interest
          Election Request” means a request by the Borrower to convert or continue a Revolving Borrowing in accordance with Section 2.07 and substantially in the
        form of Exhibit C.

    

    

    “Interest
          Expense” means, for any period, the aggregate of all interest expense deducted in the calculation of the Net Income of the Borrower for such period, determined in accordance with GAAP.

    

    

    “Interest
          Payment Date” means (a) with respect to any ABR Loan (other than a Swingline Loan), the last day of each March, June, September and December and the Revolving Credit Maturity Date or the Term Loan Maturity Date, as applicable, (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 the Revolving Credit Maturity Date or the Term Loan Maturity Date, as applicable, 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 and (c) with respect to any
        Swingline Loan, the day that such Loan is required to be repaid and the Revolving Credit Maturity Date.

    

    

    “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 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, in the case of a Eurodollar Borrowing only, 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

     

      

    
      13

      
        

    

    (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, in the case of a Revolving Borrowing, thereafter shall be the
        effective date of the most recent conversion or continuation of such Borrowing. 

     

      

    “Interpolated
          Rate” means, at any time, for any Interest Period, the rate per annum (rounded to the same number of decimal places as the LIBO Screen
        Rate) determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the LIBO Screen Rate for the longest
        period for which the LIBO Screen Rate is available that is shorter than the Impacted Interest Period; and (b) the LIBO Screen Rate for the shortest period for which that LIBO Screen Rate is available that exceeds the Impacted Interest Period, in
        each case, at such time.

    

    

    “Investment”
        means any direct or indirect investment by one Person (the “investor”) in another Person (the “investee”), including, without limitation, (a) any loan or advance, whether initially funded by the investor or acquired by the investor from a third
        party, (b) any acquisition of equity interests by the investor, whether directly from the investee or from a third party by way of share purchase, merger or otherwise, (c) any capital or other contribution to the investee, whether made in cash or
        other assets, or by contributing a promissory note payable by the investor to the investee, (d) any Guarantee by the investor of Debt of the investee, and (e) the Fair Market Value of any assets or services transferred to the investee less the Fair
        Market Value of any consideration received by the investor in exchange therefor; provided, however, that the term “Investment” shall not include undistributed earnings on an Investment; and the amount of an “Investment,” for purposes of Section 6.06 hereof, shall be reduced by the amount of capital returned to the investor by the investee. The amount of any Investment that is made by transferring property other than dollars shall be the Fair Market
        Value of the property so transferred.

    

    

    “IRS”
        means the United States Internal Revenue Service.

    

    

    “Issuing Bank”
        means JPMorgan Chase Bank, N.A., in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.05(i).
        Any Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case, the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by
        such Affiliate. With respect to any Letter of Credit, “Issuing Bank” means the issuer thereof.

    

    

    “LC Disbursement”
        means a payment made by an Issuing Bank pursuant to a Letter of Credit.

    

    

    “LC Exposure”
        means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower or converted
        into a Revolving Loan or a Swingline Loan pursuant to Section 2.05(e) at such time. The LC Exposure of any

      

     

    

    
      14

      
        

    

    Revolving Lender at any time shall be its Applicable Percentage of the aggregate LC Exposure at such time.
       

    

    “Lenders”
        means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person
        that ceases to be a party hereto pursuant to an Assignment and Assumption. Unless the context otherwise requires, the term “Lenders” includes the Swingline Lender and the Issuing Banks.

    

    

    “Letter of
          Credit” means any letter of credit issued pursuant to this Agreement and includes the Existing Letters of Credit.

    

    

    “LIBO Rate”
        means, with respect to any Eurodollar Borrowing for any Interest Period, the London interbank offered rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate for U.S. Dollars) for a
        period equal in length to such Interest Period as displayed on page LIBOR01 of the Reuters screen that displays such rate (or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute page on such screen
        that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion; in each case the “LIBO Screen Rate”) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period; provided that if the LIBO Screen Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement; provided further that if the Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”) then the LIBO Rate shall be the Interpolated Rate; provided that if any Interpolated Rate shall be less
        than zero, such rate shall be deemed to be zero for purposes of this Agreement.

     

      

    “LIBO Screen Rate” has the meaning assigned to it in the definition of “LIBO Rate.” 

     

      

    “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, including schedules and exhibits hereto, and any agreements entered into in connection herewith by the Borrower with or in favor of the Administrative Agent and/or the Lenders and/or the Issuing Banks, including any Notes and
        any applications or reimbursement agreements relating to Letters of Credit, any amendments, modifications or supplements thereto or waivers thereof and any other documents prepared in connection with the other Loan Documents, if any.

    

    

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

    

    

    “Material
          Adverse Effect” means a material adverse effect on (a) the business, property, assets, operations or condition, financial or otherwise, of the Borrower and its Subsidiaries, taken as a whole, (b) the ability of the Borrower to perform any
        of its obligations under the Loan 

    
      15

      
        

    

    Documents or (c) the rights and remedies of the Administrative Agent and the Lenders under the Loan Documents.
       

    

    “Material Debt”
        means, as at any date, an amount equal to the greater of (a) five percent (5%) of the Borrower’s Funded Debt as of such date and (b) $75,000,000.

    

    

    “Material
          Subsidiaries” means, collectively, each Consolidated Subsidiary of the Borrower that meets any of the following conditions: (a) the aggregate Investment of the Borrower and its other Consolidated Subsidiaries in such Consolidated
        Subsidiary exceeds five percent (5%) of the total assets of the Borrower and its Consolidated Subsidiaries as of the end of the most recently completed calendar year; or (b) the Borrower and its other Consolidated Subsidiaries’ proportionate share
        of the total assets (after intercompany eliminations) of such Consolidated Subsidiary exceeds five percent (5%) of the total assets of the Borrower and its Consolidated Subsidiaries as of the end of the most recently completed calendar year; or (c)
        the Borrower and its other Consolidated Subsidiaries’ equity in the income from continuing operations before income taxes, extraordinary items and cumulative effect of a change in accounting principle of such Consolidated Subsidiary exceeds five
        percent (5%) of Net Income for the most recently completed calendar year.

    

    

    “Maximum Rate”
        has the meaning assigned to it in Section 9.14.

    

    

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

    

    

    “Moody’s
          Rating” means the Borrower’s LT issuer rating, as it may change from time to time, issued by Moody’s.

    

    

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

    

    

    “Net Income”
        means, for any period, the consolidated net income of the Borrower and its Consolidated Subsidiaries for such period, determined in accordance with GAAP.

    

    

    “Net Worth”
        means, as of any date, the total shareholder’s equity (including capital stock, additional paid-in capital and retained earnings after deducting treasury stock) which would appear on a consolidated balance sheet of the Borrower and its Consolidated
        Subsidiaries prepared as of such date in accordance with GAAP.

    

    

    “Non-Consenting

          Lender” means any Lender that does not approve any consent, waiver or amendment that (i) requires the approval of all or all affected Lenders in accordance with the terms of Section 9.02 and (ii) has been approved by the Required Lenders.

    

    

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

    

    

    “Note”
        means any promissory note issued pursuant to Section 2.09(f), together with all modifications, extensions, renewals and rearrangements thereof from time to time
        in effect.

    

    

    “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 

    

    

    
      16

      
        

    

    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, Letter of Credit 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).

    

    

    “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 assigned to such term in Section 9.04(c).

    

    

    “Participant
          Register” has the meaning assigned to such term in Section 9.04(c).

    

    

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

    

    

    “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.

    

    

    “Platform”
        means Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system.

    

    

    “Prime Rate”
        means the rate of interest per annum publicly announced from time to time by JPMorgan Chase Bank, N.A. as its prime rate in effect at its office
        located at 270 Park Avenue, New York, New York; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective.

    

    

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

    

    

    “Register”
        has the meaning assigned to such term in Section 9.04(b).

     

      

    
      17

      
        

    

    “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 Credit Exposures and unused Commitments representing more than 50% of the sum of the Aggregate Credit Exposures and unused Commitments at such time. The Revolving Credit Exposure and Commitment
        of any Defaulting Lender shall be disregarded in determining the Required Lenders at any time.

    

    

    “Responsible
          Officer” means the chief executive officer, president, chief financial officer or treasurer of the Borrower, or any other officer of the Borrower designated in writing as a Responsible Officer by the chief executive officer of the
        Borrower.

    

    

    “Restricted
          Investment” means (a) any Investment by the Borrower or a Consolidated Subsidiary in an Excluded Affiliate and (b) any payment by the Borrower or any Consolidated Subsidiary of Debt of any Excluded Affiliate to the extent the Borrower or
        such Consolidated Subsidiary is not legally obligated to make such payment under the terms of such Debt.

    

    

    “Restricted
          Payment” means any dividend or other distribution in respect of the capital stock or other equity interest of the Borrower or any Subsidiary of the Borrower (other than a distribution of capital stock or other equity interests of a
        Subsidiary of the Borrower), including, without limitation, any distribution resulting in the acquisition by the Borrower of securities which would constitute treasury stock. For purposes of this Agreement, the amount of any Restricted Payment made
        in property shall be the greater of (a) the Fair Market Value of such property (as determined by good faith by the board of directors (or equivalent governing body) of the person making such Restricted Payment) and (b) the net book value thereof on
        the books of such Person, in each case determined as of the date on which such Restricted Payment is made.

    

    

    “Revolving
          Commitment” means, with respect to each Lender, the commitment of such Lender to make Revolving Loans and to acquire participations in Letters of Credit and Swingline 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, (b) increased
        from time to time pursuant to Section 2.19 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The amount of each Lender’s Revolving Commitment is set forth on Schedule 2.01, or
        in the Assignment and Assumption pursuant to which such Lender shall have assumed its Revolving Commitment, as applicable. As of the Effective Date, the aggregate amount of the Lenders’ Revolving Commitments is $850,000,000.

    

    

    “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, its LC Exposure and its Swingline Exposure at such time.

    

    

    “Revolving
          Credit Maturity Date” means the fifth anniversary of the Effective Date, as such date may be extended pursuant to Section 2.22.

    

    

    “Revolving Credit Maturity Date Extension Request” has the meaning assigned to it in Section 2.22.

     

      

    
      18

      
        

    

    “Revolving
          Lender” means, as of any date of determination, a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Credit Exposure.

    

    

    “Revolving Loan”
        means a Loan made pursuant to Section 2.03.

    

    

    “S&P”
        means Standard & Poor’s.

    

    

    “S&P
          Rating” means the Borrower’s issuer credit rating, classified by risk, as it may change from time to time, issued by S&P.

    

    

    “Sanctioned
          Country” means, at any time, a country, region or territory which is itself the subject or target of any Sanctions (at the time of this Agreement, 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 or otherwise the subject of any sanctions administered or enforced by, the Office of Foreign Assets Control of the U.S.
        Department of the Treasury, the U.S. Department of State, the U.S. Department of Commerce or by the United Nations Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom or any other
        relevant sanctions authority having jurisdiction over the Borrower, (b) any Person located, operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing
        clauses (a) or (b).

    

    

    “Sanctions”
        economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S.
        Department of State or the U.S. Department of Commerce or (b) the United Nations Security Council, the European Union, any European Union member state, Her Majesty’s Treasury of the United Kingdom or any other relevant sanctions authority having
        jurisdiction over the Borrower.

     

      

    “SEC”
        means the Securities and Exchange Commission of the United State of America. 

     

      

    “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 percentage (including any marginal, special,
        emergency or supplemental reserves) expressed as a decimal established by the Board to which the Administrative Agent is subject with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities”
        in Regulation D of the Board). Such reserve percentage 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.

    

    

    “subsidiary”
        means, with respect to any Person, each other Person of which or in which such Person and its other Subsidiaries own, hold or control, directly or indirectly, securities or  

    

    

    
      19

      
        

    

    other ownership interests having ordinary voting power, in the absence of contingencies, to elect a majority of the board of directors of such other Person, or other persons performing
        similar functions for such Person, or, if there are no such directors or persons, having general voting power with respect to the activities of such Person, it being understood that the power to elect exactly 50% of the board of directors or such
        other persons does not constitute a “majority” as used herein. 

    

    

    “Subsidiary”
        means any subsidiary of the Borrower.

    

    

    “Swingline
          Exposure” means, at any time, the aggregate principal amount of Swingline Loans outstanding at such time. The Swingline Exposure of any Revolving Lender at any time shall be the sum of (a) its Applicable Percentage of the total Swingline
        Exposure at such time related to Swingline Loans other than any Swingline Loans made by such Revolving Lender in its capacity as the Swingline Lender and (b) if such Revolving Lender shall be the Swingline Lender, the aggregate principal amount of
        all Swingline Loans made by such Lender outstanding at such time (to the extent that the other Lenders shall not have funded their participations in such Swingline Loans).

    

    

    “Swingline
          Lender” means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder.

    

    

    “Swingline Loan”
        means a Loan made pursuant to Section 2.04.

    

    

    “Swingline
          Rate” means a rate per annum equal to, at the Borrower’s option, either (a) the Alternate Base Rate plus the Applicable Margin for ABR Revolving Loans or (b) other cost of funds rates to be agreed upon from time to time between the Borrower and the Swingline Lender plus the Applicable Margin for Eurodollar Loans.

    

    

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

    

    

    “Term
          Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make a Term Loan, expressed as an amount representing the maximum principal amount of the Term Loan to be made by such Lender, as such commitment may
        be reduced or increased from time to time pursuant to (a) Section 2.08 and (b) assignments by or to such Lenders pursuant to Section 9.04. The initial amount of each Lender’s Term Commitment is set forth on the Commitment Schedule or in the Assignment and Assumption pursuant to which such Lender shall have
        assumed its Term Commitment, as applicable. The aggregate amount of the Lenders’ Term Commitment on the Effective Date is $500,000,000.

    

    

    “Term Lender”
        means a Lender having a Term Commitment or an outstanding Term Loan.

    

    

    “Term Loan”
        means a Loan made pursuant to Section 2.01(b).

    

    

    “Term Loan
          Maturity Date” means the fifth anniversary of the Effective Date.

     

      

    
      20

      
        

    

    “Total
          Capitalization” means the total capitalization of the Borrower, including all debt and all equity, as determined in accordance with GAAP.

    

    

    “Transactions”
        means the execution, delivery and performance by the Borrower of this Agreement, the borrowing of Loans and the issuance of Letters of Credit hereunder.

    

    

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

    

    

    “U.S. Person”
        means a “United States person” within the meaning of Section 7701(a)(30) of the Code.

    

    

    “U.S. Tax
          Compliance Certificate” has the meaning assigned to such term in Section 2.16(f)(ii)(B)(3).

    

    

    “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.

    

    

    “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”) or by Class and Type (e.g., a “Eurodollar Revolving Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving

          Borrowing”) or by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g., a “Eurodollar Revolving 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, (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, and (f) any reference to any law shall

     

      

    
      21

      
        

    

    include all statutory and regulatory provisions consolidating, amending, replacing or
        interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified, extended, restated, replaced of supplemented from time to time. 

     

      

    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 occurring after the date hereof 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 the Administrative Agent and
        the Borrower shall negotiate in good faith to amend such provision to preserve the original intent thereof in light of such change in GAAP or the application thereof (subject to the approval of the Required Lenders) and such provision shall be
        interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. Notwithstanding any other provision
        contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under Financial Accounting Standards
        Board Accounting Standards Codification 825 (or any other Financial Accounting Standard having a similar result or effect) to value any Debt or other liabilities of the Borrower or any Subsidiary at “fair value”, as defined therein.

    

    

    SECTION 1.05 Timing of Payment or Performance.
        When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day that is not a Business Day, then, except as otherwise provided in the definition of Interest Period, the
        date of such payment or performance shall extend to the immediately succeeding Business Day.

    

    

    SECTION 1.06 Interest Rates; LIBOR Notification.
        The interest rate on Eurodollar Loans is determined by reference to the LIBO Rate, which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain
        short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the
        ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting
        the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate
        on Eurodollar Loans. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate. In the event that the
        London interbank offered rate is no longer available or in certain other circumstances as set forth in Section 2.13(b) of this Agreement, such Section 2.13(b) provides a mechanism for determining an alternative rate of interest. The Administrative Agent will notify the Borrower, pursuant to Section 2.13, in advance of any change to the reference rate upon which the interest rate on Eurodollar Loans is

     

      

    
      22

      
        

    

    based. However, the Administrative Agent does not warrant or accept any responsibility
        for, and shall not have any liability with respect to, any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics of any such alternative, successor or
        replacement reference rate, as it may or may not be adjusted pursuant to Section 2.13(b), will be similar to, or produce the same value or economic equivalence
        of, the LIBO Rate or have the same volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability. 

     

      

    ARTICLE II

    

    

    The Credits

    

    

    SECTION 2.01 Commitments. (a) 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 (i) such Lender’s Revolving Credit
        Exposure exceeding such Lender’s Revolving Commitment or (ii) the total Revolving Credit Exposures exceeding the total Revolving Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may
        borrow, prepay and reborrow Revolving Loans.

    

    

    (b)         Subject to the terms and
        conditions set forth herein, each Term Lender severally (and not jointly) agrees to make a Term Loan to the Borrower, on the Effective Date, in a principal amount not to exceed such Lender’s Term Commitment. Amounts prepaid or repaid in respect of
        Term Loans may not be reborrowed.

    

    

    SECTION 2.02 Loans and Borrowings. (a)
        Each Loan (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Loans of the same Class and Type 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. Any Swingline Loan shall be made in accordance with the procedures set forth in Section 2.04.

    

    

    (b)         Subject to Section 2.13, each Revolving Borrowing and Term Loan Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith.
        Each Swingline Loan shall accrue interest at the Swingline Rate, as selected by the Borrower in its request therefor. 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.

    

    

    (c)          At the commencement of each
        Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000. ABR Borrowings may be in any amount. Each Swingline Loan shall be in an amount that
        is an integral multiple of $1,000 and not less than $100,000. Borrowings of more than one Type and Class may be outstanding at the same time; provided that there shall
        not at any time be more than a total of twelve (12) Eurodollar Borrowings outstanding.

     

      

    
      23

      
        

    

    (d)          Notwithstanding any other
        provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date or the Term Loan
        Maturity Date, as applicable.

    

    

    SECTION 2.03 Requests for Revolving Borrowings.
        To request a Borrowing, the Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., Houston, Texas 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., Houston, Texas time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or
        electronic mail to the Administrative Agent of a written Borrowing Request 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.

    

    

    If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no
        Interest Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one 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 Swingline Loans.
        (a) Subject to the terms and conditions set forth herein, from time to time during the Availability Period, the Swingline Lender agrees to make Swingline Loans to the Borrower in any aggregate principal amount at any time outstanding that will not
        result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $35,000,000, or (ii) the Swingline Lender’s Revolving Credit Exposure exceeding its Revolving Commitment; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein,
        the Borrower may borrow, prepay and reborrow Swingline Loans.

     

      

    (b)          To request a Swingline Loan, the Borrower shall notify the Administrative Agent of such request by telephone (confirmed by electronic mail), not later than 1:00 p.m., Houston, 

    

    

    
      24

      
        

    

     Texas time, on the day of a proposed Swingline Loan. Each such
        notice shall be irrevocable and shall specify the requested date (which shall be a Business Day), the amount of the requested Swingline Loan and the Swingline Rate to be applicable to the requested Swingline Loan. The Administrative Agent will
        promptly advise the Swingline Lender of any such notice received from the Borrower. The Swingline Lender shall make the requested Swingline Loan available to the Borrower by means of a credit to an account of the Borrower with the Administrative
        Agent designated for such purpose (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e),
        by remittance to the applicable Issuing Bank) by 2:00 p.m., Houston, Texas time, on the requested date of such Swingline Loan.

    

    

    (c)          The Swingline Lender may by
        written notice given to the Administrative Agent require the Revolving Lenders to acquire participations in all or a portion of the Swingline Loans outstanding. Such notice shall specify the aggregate amount of Swingline Loans in which Revolving
        Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Revolving Lender, specifying in such notice such Lender’s Applicable Percentage of such Swingline Loans. Each Revolving Lender
        hereby absolutely and unconditionally agrees, promptly upon receipt of such notice from the Administrative Agent (and in any event, if such notice is received by 11:00 a.m., Houston, Texas time, on a Business Day no later than 4:00 p.m. Houston,
        Texas time on such Business Day and if received after 11:00 a.m., Houston, Texas time, on a Business Day shall mean no later than 10:00 a.m., Houston, Texas time on the immediately succeeding Business Day), to pay to the Administrative Agent, for
        the account of the Swingline Lender, such Lender’s Applicable Percentage of such Swingline Loans. Each Revolving Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute
        and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Revolving Commitments, and that each such payment shall be made without any offset,
        abatement, withholding or reduction whatsoever. Each Revolving Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from the Revolving
        Lenders. The Administrative Agent shall notify the Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not
        to the Swingline Lender. Any amounts received by the Swingline Lender from the Borrower (or other party on behalf of the Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations
        therein shall be promptly remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Revolving Lenders that shall have made their payments pursuant to
        this paragraph and to the Swingline Lender, as their interests may appear; provided that any such payment so remitted shall be repaid to the Swingline Lender or to the
        Administrative Agent, as applicable, if and to the extent such payment is required to be refunded to the Borrower for any reason. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the Borrower of any
        default in the payment thereof.

     

      

    
      25

      
        

    

    SECTION 2.05 Letters of Credit. (a) General. Subject to the terms and conditions set forth herein, the Borrower may request the issuance of Letters of Credit as the applicant thereof for the support of its or
        its Subsidiaries’ obligations, in a form reasonably acceptable to the Administrative Agent and the applicable Issuing Bank, at any time and from time to time during the Availability Period. In the event of any inconsistency between the terms and
        conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered into by the Borrower with, an Issuing Bank relating to any Letter of Credit, the terms
        and conditions of this Agreement shall control. Notwithstanding anything herein to the contrary, no Issuing Bank shall have any obligation hereunder to issue, and no Issuing Bank shall issue, any Letter of Credit the proceeds of which would be made
        available to any Person (i) to fund any activity or business of or with any Sanctioned Person, or in any country or territory that, at the time of such funding, is the subject of any Sanctions or (ii) in any manner that would result in a violation
        of any Sanctions by any party to this Agreement.

    

    

    (b)         Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of
        Credit), the Borrower shall hand deliver (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to an Issuing Bank and the Administrative Agent (reasonably in advance of the
        requested date of issuance, amendment, renewal or extension, but in any event no less than three Business Days) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and
        specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of
        Credit. If requested by such Issuing Bank, the Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended,
        renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC
        Exposure shall not exceed $25,000,000, (ii) no Revolving Lender’s Revolving Credit Exposure shall exceed its Commitment and (iii) the sum of the total Revolving Credit
        Exposure shall not exceed the total Revolving Commitments. 

    

    

    (c)          Expiration Date. Each Letter of Credit shall expire (or be subject to termination by notice from the applicable Issuing Bank to the beneficiary thereof) at or prior to the close of business
        on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) the date that is five Business Days prior to
        the Revolving Credit Maturity Date; provided, however, that any Letter
        of Credit with a one-year tenor may provide for the renewal thereof for additional one-year periods (which shall in no event extend beyond the date referred to in clause
            (ii) above).

     

      

    (d)         Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on
          the part of the applicable Issuing Bank or the Revolving Lenders, such Issuing Bank hereby grants to each Revolving Lender, and each Revolving Lender hereby acquires from such Issuing Bank, a  

     

      

    
      26

      
        

    

    participation in such Letter of Credit equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such
        Letter of Credit. In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank, such Lender’s Applicable
        Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed by the Borrower on the date due as provided in paragraph (e) of this Section, or
        of any reimbursement payment required to be refunded to the Borrower for any reason. Each Revolving Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute
        and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Commitments, and
        that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.

    

    

    (e)         Reimbursement. If any Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount
        equal to such LC Disbursement not later than 5:00 p.m., Houston, Texas time, on the date that such LC Disbursement is made, if the Borrower shall have received notice of such LC Disbursement prior to 11:00 a.m., Houston, Texas time, on such date,
        or, if such notice has not been received by the Borrower prior to such time on such date, then not later than 5:00 p.m., Houston, Texas time, on the Business Day immediately following the day that the Borrower receives such notice; provided that the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 or 2.04 that such payment be financed with an ABR Revolving Borrowing or Swingline Loan in an equivalent amount and, to the extent
        so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing or Swingline Loan. If the Borrower fails to make such payment when due, the Administrative Agent shall notify each
        Revolving Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Revolving Lender shall pay to the
        Administrative Agent its Applicable Percentage of the payment then due from the Borrower, in the same manner as provided in Section 2.06 with respect to Loans made by
        such Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment
        obligations of the Revolving Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it from the Revolving Lenders. Promptly following receipt by the Administrative Agent of any payment
        from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Revolving Lenders have made payments pursuant to this paragraph to reimburse the applicable
        Issuing Bank, then to such Lenders and such Issuing Bank as their interests may appear. Any payment made by a Revolving Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving
        Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

     

      

    (f)          Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the
          terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any 

     

      

    
      27

      
        

    

    Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged,
      fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms
      of such Letter of Credit, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of
      setoff against, the Borrower’s obligations hereunder. Neither the Administrative Agent, the Revolving Lenders nor any Issuing Bank, nor any of their Related Parties, shall have any liability or responsibility by reason of or in connection with the
      issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in
      transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising
      from causes beyond the control of such Issuing Bank; provided that the foregoing shall not be construed to excuse any Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to special, indirect, consequential or
      punitive damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by such Issuing Bank’s failure to exercise care when determining whether drafts and
      other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of any Issuing Bank (as finally determined by a court of
      competent jurisdiction), each Issuing Bank shall be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented
      which appear on their face to be in substantial compliance with the terms of a Letter of Credit, each Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation,
      regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit.

    

    

    (g)          Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such
        Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by electronic mail) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the Revolving Lenders with
        respect to any such LC Disbursement.

    

    

    (h)          Interim Interest. If any Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in
          full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the reimbursement is due and payable at the rate per annum then applicable to ABR Revolving Loans and such interest shall be due and payable on the
          date when such reimbursement is payable; provided that, if the Borrower fails to reimburse such LC
          Disbursement when due

     

      

    
      28

      
        

    

    pursuant to paragraph

            (e) of this Section, then Section 2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable
        Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse the
        applicable Issuing Bank shall be for the account of such Lender to the extent of such payment. 

     

      

    (i)         Replacement of the Issuing Bank. Any Issuing Bank may be replaced at any time by written agreement among the Borrower, the Administrative Agent, the replaced Issuing Bank and the successor
        Issuing Bank. The Administrative Agent shall notify the Revolving Lenders of any such replacement of an Issuing Bank. At the time any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the
        replaced Issuing Bank pursuant to Section 2.11(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank and the other Issuing Banks, or to such successor and all
        previous Issuing Banks and the other Issuing Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of
        an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.

    

    

    (j)          Cash Collateralization. If any Event of Default shall occur and be continuing, on the Business Day that the Borrower receives notice from the Administrative Agent or the Required Lenders (or, if the
        maturity of the Loans has been accelerated, Revolving Lenders with LC Exposure representing greater than 51% of the total LC Exposure) demanding the deposit of cash collateral pursuant to this paragraph, the Borrower shall deposit in an account
        with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Revolving Lenders, an amount in cash equal to the LC Exposure as of such date plus any accrued and unpaid interest thereon or make other arrangements
        with respect to such LC Exposure satisfactory to the Administrative Agent and the applicable Issuing Bank; provided that the obligation to deposit such cash collateral
        shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in clause (h) or (i) of Article
            VII. Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement. The Administrative Agent shall have the exclusive dominion and
        control, including the exclusive right of withdrawal, over such account, subject to the requirements of any applicable intercreditor arrangement. Other than any interest earned on the investment of such deposits, which investments shall be made at
        the option and sole discretion of the Administrative Agent and at the Borrower’s risk and expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account may
        be applied by the Administrative Agent to reimburse the Issuing Banks for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, may be held for the satisfaction of the reimbursement obligations of the Borrower for
        the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Revolving Lenders with LC Exposure representing greater than 51% of the total LC Exposure), be applied

      

     

      

    
      29

      
        

    

    to satisfy other obligations of the Borrower under this Agreement. If the Borrower is required to provide an amount of cash collateral hereunder
        as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three Business Days after all Events of Default have been cured or waived.
       

    

    (k)          Existing Letters of Credit. The Existing Letters of Credit shall be Letters of Credit for all purposes hereunder.

    

    

    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 12:00 noon, Houston, Texas time, to the account of the Administrative Agent most recently designated by it
        for such purpose by notice to the Lenders; provided that Term Loans shall be made as provided in Section

            2.01(b) and Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly
        crediting the amounts so received, in like funds, to the account or accounts of the Borrower designated by the Borrower in the applicable Borrowing Request; provided that
        ABR Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e)
        shall be remitted by the Administrative Agent to the applicable Issuing Bank.

    

    

    (b)        Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any
        Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made
        its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for
        each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of 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 Revolving Loans. If such Lender pays such amount to the
        Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing.

    

    

    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. This Section shall not apply to Swingline Borrowings, which may not be converted or continued.

     

      

    (b)          To make an
        election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by telephone by the time that a Borrowing Request would 

     

      

    
      30

      
        

    

    be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting
        from such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or electronic mail to the Administrative Agent of a written
        Interest Election Request signed by the Borrower. 

    

    

    (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) The Term Commitment shall be terminated upon the funding of the Term Loan in the amount of $500,000,000. Unless previously terminated, the Revolving Commitments shall terminate on the Revolving Credit
        Maturity Date.

     

      

    
      31

      
        

    

    (b)          The Borrower may at any time
        terminate, or from time to time reduce, without premium or penalty, the Revolving Commitments; provided that (i) each reduction of the Revolving 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 Revolving Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.10, the total Revolving Credit Exposures would exceed the total Revolving Commitments.

    

    

    (c)          The Borrower shall notify the
        Administrative Agent of any election to terminate or reduce the Revolving 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 Revolving Commitments delivered by the Borrower may state that
        such notice is conditioned upon the occurrence or non-occurrence of any event specified therein, 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 Revolving Commitments shall be permanent. Each reduction of the Revolving Commitments shall be made ratably among the Lenders in accordance with their respective Revolving Commitments.

    

    

    SECTION 2.09 Repayment of Loans; Evidence of Debt.
        (a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Revolving Lender the then unpaid principal amount of each Revolving Loan on the Revolving Credit Maturity Date and (ii) to the
        Administrative Agent for the account of the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the Revolving Credit Maturity Date and the date that is ten (10) Business Days after the date such Swingline Loan
        is made; provided that on each date that a Revolving Borrowing is made, the Borrower shall repay all Swingline Loans then outstanding and the proceeds of any such
        Borrowing shall be applied by the Administrative Agent to repay any Swingline Loans outstanding.

    

    

    (b)         The Borrower hereby
        unconditionally promises to pay to the Administrative Agent for the account of each Term Lender calendar quarterly installments on the last day of each June, September, December and March commencing on June 30, 2020 as follows: (i) for the calendar
        quarter ended June 30, 2020 and the next three calendar quarters thereafter, an aggregate principal amount for such four (4) quarter period equal to 2.5% of the original principal amount of the Term Loan on the Effective Date, (ii) for the calendar
        quarter ended June 30, 2021 and the next three calendar quarters thereafter, an aggregate principal amount for such four (4) quarter period equal to 7.5% of the original principal amount of the Term Loan on the Effective Date, (iii) for the
        calendar quarter ended June 30, 2022 and for the next three calendar quarters thereafter, an aggregate principal amount for such four (4) quarter period equal to 10% of the original principal amount of the Term Loan on the Effective Date, and (iv)
        for the calendar quarter ended June 30, 2023 and for each calendar quarter thereafter to the Term Loan Maturity Date, an aggregate principal amount for such period equal to 15% of the original principal amount of the Term Loan on the Effective
        Date; provided if any date set forth above is not a Business Day, then the payment shall be due and payable on the Business Day immediately preceding such date. To the
        extent not previously paid, all unpaid Term Loans shall be paid in full by the Borrower on the Term Loan Maturity Date.

     

      

    
      32

      
        

    

    (c)          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.

    

    

    (d)         The Administrative Agent shall
        maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Class and Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable
        from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof.

    

    

    (e)          The entries made in the
        accounts maintained pursuant to paragraph (c) or (d) 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.

    

    

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

    

    

    SECTION 2.10 Prepayment of Loans. (a)
        The Borrower shall have the right, at its option at any time and from time to time to prepay any Borrowing in whole or in part without premium or penalty, subject to prior notice in accordance with paragraph (b) of this Section. Borrower shall notify the Administrative Agent in accordance with the terms hereof as to, and Borrower may designate (at its option) so long as no Event of Default has occurred and is then
        continuing, whether a prepayment is with respect to, and is to be applied first to, Revolving Loans or Term Loans.

    

    

    (b)         In the event and on such occasion
        that the total Revolving Credit Exposure exceeds the aggregate Revolving Commitments, the Borrower shall prepay the Revolving Loans, LC Exposure and/or Swingline Loans (or, if no such Borrowings are outstanding, deposit cash collateral in the an LC
        collateral account maintained with the Issuing Bank in an aggregate amount equal to such excess, in accordance with Section 2.05(j)).

    

    

    (c)          All
        prepayments of Term Loans shall be applied, to prepay the Term Loans (and in the event Term Loans of more than one Class shall be outstanding at the time, shall be allocated among the Term Loans pro rata based on the aggregate principal amounts of
        outstanding Term Loans of each such Class) as so allocated, and shall be applied to reduce the subsequent scheduled repayments of Term Loans of each Class to be made pursuant to Section 2.09 in the order of maturity of such scheduled repayments. In the event of a prepayment of Revolving Exposure in connection with a reduction of Revolving Commitments pursuant to

     

      

    
      33

      
        

    

    Section
            2.08, such prepayments shall be applied to prepay the Revolving Loans (including Swingline Loans) with a corresponding reduction in the Revolving Commitments and then to Cash Collateralize outstanding LC Exposure. 

     

      

    (d)         The Borrower
        shall notify the Administrative Agent (and, in the case of prepayment of Swingline Loans, the Swingline Lender) by telephone (confirmed by electronic mail) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not
        later than 11:00 a.m., Houston, Texas time, three Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Revolving Borrowing, not later
        than 11:00 a.m., Houston, Texas time, on the date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than 12:00 noon, Houston, Texas 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 Revolving Borrowing or Term Loan 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 Revolving Lender a commitment fee, which shall accrue at the Applicable Margin on the daily amount of the unused Commitment of such Lender during the period from and including the
        Effective Date to but excluding the date on which such Revolving Commitment terminates. Accrued commitment fees shall be payable in arrears on the last day of March, June, September and December of each year during the Availability Period and on
        the date on which the Revolving 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). For purposes of calculating the unused Revolving Commitment of each Lender, Swingline Loans made by or deemed made or attributable to such Lender shall not count as usage.

    

    

    (b)         The Borrower agrees to pay (i)
        to the Administrative Agent for the account of each Revolving Lender a participation fee with respect to its participations in Letters of Credit, which shall accrue at the same Applicable Margin used to determine the interest rate applicable to
        Eurodollar Revolving Loans on the average daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of
        the date on which such Lender’s Commitment terminates and the date on which such Lender ceases to have any LC Exposure, and (ii) to each Issuing Bank a fronting fee, which shall accrue at the rate of 0.125% per annum on the average daily amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective
        Date to but excluding the later of the date of termination of the Commitments and the date on which there ceases to be any LC Exposure, as well as each Issuing Bank’s standard fees

     

      

    

    
      34

      
        

    

    
      with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting
        fees accrued through and including the last day of March, June, September and December of each year shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the Effective Date; provided
        that all such fees shall be payable on the date on which the Revolving Commitments terminate and any such fees accruing after the date on which the Revolving Commitments terminate shall be payable on demand. Any other fees payable to an Issuing
        Bank pursuant to this paragraph shall be payable within thirty (30) days after demand. All participation fees and fronting 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).

    

     

      

    (c)          The Borrower agrees to pay to
        the Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent.

    

    

    (d)         All fees payable hereunder
        shall be paid on the dates due, in immediately available funds, to the Administrative Agent (or to the Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Lenders. Fees
        paid shall not be refundable under any circumstances.

    

    

    SECTION 2.12 Interest. (a) The Loans
        comprising each ABR Borrowing shall bear interest at the lesser of (i) the Alternate Base Rate plus the Applicable Margin and (ii) the Maximum Rate.

    

    

    (b)          The Loans comprising each
        Eurodollar Borrowing shall bear interest at the lesser of (i) the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin and (ii) the Maximum Rate.

    

    

    (c)          Each Swingline Loan shall bear
        interest at the lesser of (i) the Swingline Rate applicable to such Loan and (ii) the Maximum Rate.

    

    

    (d)         Notwithstanding

        the foregoing, if any principal of or, to the extent permitted under applicable law, 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, the lesser of (x) 2% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section and (y) the Maximum Rate or (ii)
        in the case of any other amount, the lesser of (x) 2% plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section and (y) the Maximum
        Rate.

    

    

    (e)         Accrued interest on each Loan
        shall be payable in arrears on each Interest Payment Date for such Loan and on the Revolving Credit Maturity Date or the Term Loan Maturity Date, as applicable, and, in the case of Revolving Loans, upon termination of the Revolving Commitments; 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 Revolving Loan prior to the end of the Availability

     

      

    

    
      35

      
        

    

    
      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, LIBO Rate or Swingline 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;

    

    

    then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or the Electronic Systems 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 Borrowing shall be ineffective and (ii) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing.

     

      

    (b)         If at any time the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (i) the circumstances set forth in clause
            (a)(i) have arisen and such circumstances are unlikely to be temporary or (ii) the circumstances set forth in clause (a)(i) have not arisen but either (w) the supervisor for the administrator of the LIBO Screen Rate has made a public
          statement that the administrator of the LIBO Screen Rate is insolvent (and there is no successor administrator that will continue publication of the LIBO Screen Rate), (x) the administrator of the LIBO Screen Rate has made a public statement
          identifying a specific date after which the LIBO Screen Rate will permanently or indefinitely cease to be published by it (and there is no successor administrator that will continue publication of the LIBO Screen Rate), (y) the supervisor for the
          administrator of the LIBO Screen Rate has made a public statement identifying a specific date after which the LIBO Screen Rate will permanently or indefinitely cease to be published or (z) a Governmental Authority having jurisdiction over the
          Administrative Agent has made a public statement identifying a specific date after which the  

     

      

    
      36

      
        

    

    LIBO Screen Rate may no longer be used for determining interest rates for loans, then the Administrative Agent and the Borrower shall endeavor to
        establish an alternate rate of interest to the LIBO Rate that gives due consideration to the then prevailing market convention for determining a rate of interest for syndicated loans in the United States at such time, and shall enter into an
        amendment to this Agreement to reflect such alternate rate of interest and such other related changes to this Agreement as may be applicable (but for the avoidance of doubt, such related changes shall not include a reduction of the Applicable
        Margin); provided that, if such alternate 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. Notwithstanding anything to the contrary in 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 Business Days of the date notice of such alternate rate of interest is
        provided to the Lenders, a written notice from the Required Lenders of each Class stating that such Required Lenders object to such amendment. Until an alternate rate of interest shall be determined in accordance with this clause (b) (but, in the
        case of the circumstances described in clause (ii)(w), clause (ii)(x) or clause (ii)(y) of the first sentence of this Section 2.13(b), only to the extent the
        LIBO Screen Rate for such Interest Period is not available or published at such time on a current basis), (x) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar
        Borrowing shall be ineffective and (y) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing.

    

    

    SECTION 2.14 Increased Costs.
        (a) If any Change in Law shall:

    

    

    (i)          impose, modify
        or deem applicable any reserve, special deposit, liquidity or similar requirement (including any compulsory loan requirement, insurance charge or other assessment) 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) or any Issuing Bank;

    

    

    (ii)         impose on any
        Lender or any Issuing Bank or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or Loans made by such Lender or any Letter of Credit or participation therein; 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 such other Recipient of making, continuing,
        converting or maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender, the Issuing Bank or such other Recipient of participating in, issuing or maintaining any Letter of Credit
        or to reduce the amount of any sum received or receivable by such Lender, Issuing Bank or other Recipient hereunder (whether of principal, interest or otherwise), then the Borrower will pay to such Lender, Issuing Bank or other Recipient, as the
        case may be, such additional amount

      

     

      

    
      37

      
        

    

    or amounts as will compensate such Lender, Issuing Bank or other Recipient, as the case may be, for such additional costs incurred or reduction
        suffered.

     

      

    (b)         If any Lender or Issuing Bank
        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 or Issuing Bank’s capital or on the capital of such Lender’s or Issuing Bank’s holding
        company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by any Issuing Bank, to a level below that which such Lender or Issuing Bank or
        such Lender’s or the Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or Issuing Bank’s policies and the policies of such Lender’s or Issuing Bank’s holding company with respect
        to capital adequacy and liquidity), then from time to time the Borrower will pay to such Lender or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Bank or such Lender’s or Issuing Bank’s
        holding company for any such reduction suffered.

    

    

    (c)         A certificate of a Lender or
        Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or Issuing Bank or its holding company, as the case may be, as specified in paragraph (a)
        or (b) of this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender or Issuing Bank, as the case
        may be, the amount shown as due on any such certificate within 30 days after receipt thereof.

    

    

    (d)        Failure or delay on the part of any
        Lender or Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided
        that the Borrower shall not be required to compensate a Lender or Issuing Bank pursuant to this Section for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or Issuing Bank, as the case may be,
        notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or Issuing Bank’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. In the case of a Eurodollar Loan, 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

      

     

    

    
      38

      
        

    

    
      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 30 days after receipt thereof. 

       

        

    

    SECTION 2.16 Withholding of
            Taxes; Gross Up.

    

    

    (a)          Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower under any Loan Document shall be made without deduction or withholding for any Taxes, except as
        required by applicable law. If any applicable law (as determined in the good faith discretion of an applicable withholding agent) requires the deduction or withholding of any Tax from any such payment by a withholding agent, then the applicable
        withholding agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax is an Indemnified Tax,
        then the sum payable by the 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 2.16) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding been made.

    

    

    (b)          Payment of Other Taxes by the Borrower. 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, Other Taxes.

    

    

    (c)         Evidence of Payments. 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.

    

    

    (d)         Indemnification by the Borrower. The Borrower shall indemnify each Recipient, within 30 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) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom
        or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender
        (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. Notwithstanding anything herein to the contrary, no Recipient shall be indemnified for
        any Indemnified Taxes or any reasonable expenses arising therefrom or with respect thereto under this Section 2.16(d) unless such Recipient shall make written
        demand on the Borrower for such reimbursement no later than 180 days after the earlier of (i) the date on

     

      

    

    
      39

      
        

    

    
      which the relevant Governmental Authority makes written demand upon such Recipient for such Indemnified Taxes, and (ii) the date on which such Recipient has
        made payment of such Indemnified Taxes to the relevant Governmental Authority; provided that if the Indemnified Taxes imposed or asserted giving rise to such claims are retroactive, then the 180-day period referred to above shall be extended to
        include the retroactive effect thereof.

       

    

    (e)          Indemnification by the Lenders. 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) 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 (e).

    

    

    (f)          Status of Lenders. (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, prior to the initial Borrowing and at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the
        Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other
        documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or
        information reporting requirements. Notwithstanding 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 reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of
        such Lender.

    

    

    (ii)         Without limiting
        the generality of the foregoing, in the event that the Borrower is a U.S. Person,

    

    

    (A)        any Lender that
        is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the
        Administrative Agent), executed originals of IRS Form W-9 (or any successor form) certifying that such Lender is exempt from U.S. federal backup withholding tax;

     

      

    
      40

      
        

    

    (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 any successor form) or IRS Form W- 8BEN-E (or any successor form) establishing an exemption from, or reduction of, U.S. federal
                        withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W- 8BEN (or any successor form) or IRS Form W-8BEN-E (or any 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)

                  	
                    in the case of a Foreign Lender claiming that its extension of credit will generate U.S. effectively connected income, executed originals of IRS Form W-8ECI (or any
                        successor form);

                  

          

        

      

    

    

    

    
      
        
          
            	 	
                    (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 D-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section
                        881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN (or any successor form) or IRS Form W-8BEN-E
                        (or any successor form) or any other applicable IRS Form W-8; or

                  

          

        

      

    

    

    

    
      
        
          
            	 	
                    (4)

                  	
                    to the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY (or any successor form),
                        accompanied by IRS Form W-8ECI (or any successor form), IRS Form W-8BEN (or any successor form), IRS Form W-8BEN-E (or any successor form), a U.S. Tax Compliance Certificate substantially in the form of Exhibit D-2 or Exhibit D-3, IRS Form W-9 (or any successor form), and/or other
                        certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct
                        or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax 

                  

             

            

          

        

      

    

    
      41

      
        

    

    
      	
              

              

            	

            	
              Compliance Certificate substantially in the form of Exhibit D-4 on behalf of each such
                  direct and indirect partner;

            

    

     

      

    (C)         any Foreign
        Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a
        Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed 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; and

    

    

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

    

    

    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)         Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has
        been indemnified pursuant to this Section 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 under this Section 2.16 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant
        Governmental Authority with respect to such refund). Such indemnifying party, upon the 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

      

     

      

    
      42

      
        

    

    
      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 that it deems confidential) to the indemnifying party or any other Person.

       

    

    (h)          Survival. Each party’s obligations under this Section 2.16 shall survive the resignation or
        replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Loan Document.

    

    

    (i)           Defined Terms. For purposes of this Section 2.16, the term “Lender” includes any Issuing Bank and the term “applicable law” includes 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, fees or reimbursement of LC Disbursements, or of amounts payable under Section
          2.14, 2.15 or 2.16, or otherwise) prior to 12:00 noon, Houston, Texas time, on the date when due, in 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 address specified in Section 9.01, except payments to be made directly to an Issuing Bank or the Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.14, 2.15, 2.16 and 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, unreimbursed LC Disbursements, 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 and unreimbursed LC Disbursements then due hereunder, ratably
        among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements 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 or participations in LC Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater
        proportion of the aggregate amount of its Loans and participations in LC Disbursements and Swingline 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

     

      

    

    
      43

      
        

    

    face value) participations in the Loans and participations in LC Disbursements and Swingline 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 and participations in LC Disbursements and Swingline Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be
        rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express
        terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements 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 or an Issuing Bank 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 or the applicable Issuing Bank, as the case may be, the amount due. In such event, if
        the Borrower has not in fact made such payment, then each of the Lenders or the applicable Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or
        Issuing Bank 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 2.04(c), 2.05(d)
        or (e), 2.06(b), 2.17(d) or 9.03(c), then the Administrative Agent may, in its discretion and notwithstanding any contrary provision hereof,
        (i) 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, and/or (ii) hold such amounts in a segregated account over which the Administrative Agent shall have exclusive control as cash collateral for, and application to, any future funding obligations
        of such Lender under any such Section, in the case of each of clause (i) and (ii)
        above, in any order as determined by the Administrative Agent in its discretion.

    

    

    SECTION 2.18 Mitigation Obligations; Replacement
            of Lenders. (a) If any Lender requests compensation under Section 2.14, or if the Borrower is required to pay any Indemnified Taxes or additional amounts
        to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 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 judgment of such Lender, such designation or assignment (i) would eliminate or
        reduce amounts payable pursuant

    

      

    
      44

      
        

    

    to Sections

            2.14 or 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 costs and expenses incurred by any Lender in connection with any such designation or assignment. 

     

      

    (b)          If any Lender requests compensation under Section 2.14, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.16, or if any Lender becomes a Defaulting Lender or a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent,
        require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its interests, rights
        (other than its existing rights to payments pursuant to Sections 2.14 or 2.16) 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 (and if a Commitment is being assigned, each Issuing Bank), which consent shall not unreasonably be withheld, (ii) such Lender shall have received
        payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent
        of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts), (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 and (iv) in the case of any assignment resulting from a Lender becoming a Non- Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent. A Lender shall not be required to make any
        such assignment 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.

     

      

    SECTION 2.19 Expansion Option.
        From and after the Effective Date, the Borrower may from time to time elect to increase the Revolving Commitments or enter into one or more tranches of term loans (each an “Incremental Term Loan”), in each case in minimum increments of $10,000,000 so long as, after giving effect thereto, the aggregate amount of such increases and all such Incremental Term Loans does not
        exceed $500,000,000. The Borrower may arrange for any such increase or tranche to be provided by one or more Lenders (each Lender so agreeing to an increase in its Revolving Commitment, or to participate in such Incremental Term Loans, an “Increasing Lender”), or by one or more new banks, financial institutions or other entities (each such new bank, financial institution
        or other entity, an “Augmenting Lender”; provided
        that no Ineligible Institution may be an Augmenting Lender), which agree to increase their existing Revolving Commitments, or to participate in such Incremental Term Loans, or provide new Revolving Commitments, as the case may be; provided that (i) each Augmenting Lender shall be subject to the approval of the Borrower, the Administrative Agent and, in the case of a new Revolving Commitment, each Issuing Bank (in each case, such
        approval not to be unreasonably withheld or delayed) and (ii) (x) in the case of an Increasing Lender, the Borrower and such Increasing Lender execute an agreement substantially in the form of Exhibit E hereto, and (y) in the case of an Augmenting Lender, the Borrower and such Augmenting Lender execute an agreement substantially in the form of 

    

    

    
      45

      
        

    

    Exhibit F hereto. No consent of any
        Lender (other than the Lenders participating in the increase or any Incremental Term Loan) shall be required for any increase in Revolving Commitments or Incremental Term Loan pursuant to this Section 2.19. Increases and new Commitments and Incremental Term Loans created pursuant to this Section 2.19 shall become
        effective on the date agreed by the Borrower, the Administrative Agent and the relevant Increasing Lenders or Augmenting Lenders, and the Administrative Agent shall notify each Lender thereof. Notwithstanding the foregoing, no increase in the
        Commitments (or in the Commitment of any Lender) or tranche of Incremental Term Loans shall become effective under this paragraph unless, (i) on the proposed date of the effectiveness of such increase or Incremental Term Loans, (A) the conditions set forth in paragraphs (a) and (b) of Section 4.02 shall be satisfied and the Administrative Agent shall have received a certificate to that
        effect dated such date and executed by a Responsible Officer and (B) the Borrower shall be in compliance (on a pro forma basis) with the covenants contained in Section
            6.10 and (ii) the Administrative Agent shall have received documents consistent with those delivered on the Effective Date as to the organizational power and authority of the Borrower to borrow hereunder after giving effect to such
        increase. On the effective date of any increase in the Revolving Commitments or any Incremental Term Loans being made, (i) each relevant Increasing Lender and Augmenting Lender shall make available to the Administrative Agent such amounts in
        immediately available funds as the Administrative Agent shall determine, for the benefit of the other Lenders, as being required in order to cause, after giving effect to such increase and the use of such amounts to make payments to such other
        Lenders, each Lender’s portion of the outstanding Revolving Loans of all the Lenders to equal its Applicable Percentage of such outstanding Revolving Loans, and (ii) except in the case of any Incremental Term Loans, the Borrower shall be deemed to
        have repaid and reborrowed all outstanding Revolving Loans as of the date of any increase in the Revolving Commitments (with such reborrowing to consist of the Types of Revolving Loans, with related Interest Periods if applicable, specified in a
        notice delivered by the Borrower, in accordance with the requirements of Section 2.03). The deemed payments made pursuant to clause (ii) of the immediately
        preceding sentence shall, in respect of each Eurodollar Loan, be accompanied by payment of all accrued interest on the amount prepaid and, in respect of each Eurodollar Loan, shall be subject to indemnification by the Borrower pursuant to the
        provisions of Section 2.15 if the deemed payment occurs other than on the last day of the related Interest Periods. The Incremental Term Loans (a) shall rank equal to right of payment with the Revolving
        Loans, (b) shall not mature earlier than the Term Loan Maturity Date (but may have amortization prior to such date) and (c) shall be treated substantially the same as
        (and in any event no more favorably than) the Revolving Loans; provided that (i) the terms and conditions applicable to any tranche of Incremental Term Loans
        maturing after the Term Loan Maturity Date may provide for material additional or different financial or other covenants or prepayment requirements applicable only during periods after the Term Loan Maturity Date and (ii) the Incremental Term Loans
        may be priced differently than the Revolving Loans. Incremental Term Loans may be made hereunder pursuant to an amendment or restatement (an “Incremental Term Loan Amendment”) of this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each Increasing Lender participating in such tranche, each Augmenting Lender participating in such
        tranche, if any, and the Administrative Agent. The Incremental Term Loan Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the
        reasonable opinion of the Administrative Agent, to effect the provisions of this Section 2.19. Nothing contained in this Section 2.19 shall constitute, or otherwise be deemed to be, a commitment on

     

    

    
      46

      
        

    

    the part of any Lender to increase its Revolving Commitment hereunder, or provide Incremental Term Loans, at any time. 

     

      

    SECTION 2.20 Cash Collateral. (a) At
        any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the Administrative Agent or any Issuing Bank (with a copy to the Administrative Agent) the Borrower shall Cash Collateralize the Issuing
        Banks’ Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to Section 2.21(a)(iv) and any Cash Collateral provided by such Defaulting
        Lender) in an amount equal to such Fronting Exposure as of such date.

    

    

    (b)          Grant of Security Interest. Contemporaneously with the provision of Cash Collateral consisting of cash or deposit account balances, the Borrower, and to the extent provided by any Defaulting Lender,
        such Defaulting Lender shall be deemed to have granted at that time to the Administrative Agent, for the benefit of the Issuing Banks, and thereafter shall agree to maintain, a first priority security interest in all such Cash Collateral as
        security for the Defaulting Lenders’ obligation to fund participations in respect of Letters of Credit, to be applied pursuant to clause (c) below. The Borrower, and to
        the extent provided by any Defaulting Lender, such Defaulting Lender each agree to execute and deliver any such documents and take such further action as may be reasonably requested by the Administrative Agent in order to create or perfect the
        security interest contemplated by the preceding sentence or to enable the Administrative Agent to exercise and enforce any of its rights, powers and remedies thereunder. To the extent an intercreditor arrangement in respect of such Cash Collateral
        is required pursuant to the terms of any other Debt of the Borrower, the Administrative Agent agrees to negotiate such arrangement in good faith with the holder or holders of such Debt.

    

    

    (c)         Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under this Section 2.20
        or Section 2.21 in respect of Letters of Credit shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund participations in respect of Letters of
        Credit (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other application of such property as may otherwise be provided for
        herein.

    

    

    (d)         Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce any Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral
        pursuant to this Section 2.20 following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the
        applicable Lender), or (ii) the determination by the Administrative Agent and each Issuing Bank that there exists excess Cash Collateral; provided that, subject to Section 2.21 the Person providing Cash Collateral and each Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other
        obligations.

    

    

    SECTION 2.21 Defaulting Lenders.

    

    

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

    

      

    
      47

      
        

    

    (i)           Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted
        as set forth in the definition of Required Lenders and the last sentence of Section 9.02(b).

    

    

    (ii)         Defaulting
          Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise) or received by the Administrative Agent from a 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 such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing
        by such Defaulting Lender to any Issuing Bank or the Swingline Lender hereunder; third, to Cash Collateralize the Issuing Banks’ Fronting Exposure
        with respect to such Defaulting Lender in accordance with Section 2.20; fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as
        determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and
        released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize the Issuing Banks’ future Fronting Exposure with respect to such
        Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.20; sixth, to the payment of any amounts owing to the Lenders, the Issuing Banks or the Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained
        by any Lender, the Issuing Banks or the Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such
        Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or
        as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or LC
        Disbursements in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and LC Disbursements owed to, all Non-Defaulting Lenders on a pro rata basis prior to being
        applied to the payment of any Loans of, or LC Disbursements owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in Letters of Credit and Swingline Loans are held by the Lenders pro rata in accordance
        with the Commitments without giving effect to Section 2.21(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are
        applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.21(a)(ii) shall be deemed paid to and
        redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.

    

      

    
      48

      
        

    

    (iii)        Certain Fees. (A) No Defaulting Lender shall 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)        Each Defaulting Lender shall be entitled to receive participation fees for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit
        for which it has provided Cash Collateral pursuant to Section 2.20.

    

    

    (C)        With respect to
        any participation fee not required to be paid to any Defaulting Lender pursuant to clause (iii) or (B) above, the Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in Letters of Credit
        or Swingline Loans that has been reallocated to such Non- Defaulting Lender pursuant to clause (iv) below, (y) pay to each Issuing Bank and the Swingline
        Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Bank’s or the Swingline Lender’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the
        remaining amount of any such fee.

    

    

    (iv)        Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in Letters of Credit and
        Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Revolving Commitment) but only to the extent that such
        reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non- Defaulting Lender’s Revolving Commitment. Subject to Section

            9.18, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting
        Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

    

    

    (v)        Cash Collateral; Repayment of Swingline Loans. If the reallocation described in clause (iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first, prepay Swingline Loans in an amount equal to
        the Swingline Lender’s Fronting Exposure and (y) second, prepay the Loans in an amount sufficient to effect fully the reallocation described in clause (iv)
        above or Cash Collateralize with respect to the Issuing Banks’ Fronting Exposure in accordance with the procedures set forth in Section 2.20.

    

    

    (b)          Defaulting Lender Cure. If the Borrower, the Administrative Agent, the Swingline Lender and the Issuing Banks agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent
        will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent
        applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions 

    

    

    
      49

      
        

    

    as the Administrative Agent may determine to be necessary to cause the Loans and
        funded and unfunded participations in Letters of Credit and Swingline Loans to be held pro rata by the Lenders in accordance with the Commitments (without giving effect to Section 2.21(a)(iv)),
        whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments
        made by or on behalf of 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. 

     

      

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

    

    

    SECTION 2.22 Extension of Revolving Credit
            Maturity Date. The Borrower may, by delivery of a written request to the Administrative Agent (which shall promptly deliver a copy to each of the Lenders) not less than 45 days and not more than 730 days prior to the Revolving Credit
        Maturity Date currently in effect at the time of such request, request that the Lenders extend the Revolving Credit Maturity Date for an additional period of one year (the “Revolving Credit Maturity Date Extension Request”); provided
        that there shall be no more than two extensions of the Revolving Credit Maturity Date pursuant to this Section after the Effective Date. Each Lender shall provide written notice to the Borrower and the Administrative Agent not later than the 20th
        day after the date of the Administrative Agent’s receipt of the Borrower’s Revolving Credit Maturity Date Extension Request, and shall advise the Borrower whether or not it agrees to the requested extension (each Lender agreeing to a requested
        extension being called a “Consenting Lender” and each Lender declining to agree to a requested extension being called a “Declining Lender”). Any Lender that has not so advised the Borrower and the Administrative Agent by such day shall be deemed to have declined
        to agree to such extension and shall be a Declining Lender. If Lenders constituting the Required Lenders shall have agreed to a Revolving Credit Maturity Date Extension Request, then the Revolving Credit Maturity Date shall, as to the Consenting
        Lenders, be extended to the first anniversary of the Revolving Credit Maturity Date theretofore in effect. The decision to agree or withhold agreement to any Revolving Credit Maturity Date Extension Request shall be at the sole discretion of each
        Lender. The Revolving Commitment of any Declining Lender shall terminate on the Revolving Credit Maturity Date in effect prior to giving effect to any such extension (such Revolving Credit Maturity Date being called the “Existing Revolving Credit Maturity Date”). The principal amount of any outstanding Revolving Loans made by Declining Lenders, together with any accrued interest
        thereon and any accrued fees and other amounts payable to or for the account of such Declining Lenders hereunder, shall be due and payable on the Existing Revolving Credit Maturity Date, and on the Existing Revolving Credit Maturity Date, the
        Borrower shall also make such other prepayments of its Revolving Loans pursuant to Section 2.10 as shall be required in order that, after giving effect to the termination
        of the Revolving Commitments of, and all payments to, Declining Lenders pursuant to this sentence, the sum of the aggregate Revolving Credit Exposures and the aggregate principal amount of the outstanding Revolving Loans shall not exceed the total
        Revolving Commitments. Notwithstanding the foregoing

    

    

    
      50

      
        

    

    provisions of this paragraph, the Borrower shall have the right, pursuant to Section 9.04, at any time prior to the Existing Revolving Credit Maturity Date, to replace a Declining Lender with a Lender or other financial institution that will
        agree to a Revolving Credit Maturity Date Extension Request, and any such replacement Lender shall for all purposes constitute a Consenting Lender. Notwithstanding the foregoing, no extension of the Revolving Credit Maturity Date pursuant to this
        paragraph shall become effective unless (i) the Administrative Agent shall have received documents consistent with those delivered with respect to the Borrower under Section

            4.01(b) through (d), giving effect to such extension and (ii) on the anniversary of the date that immediately follows the date on which the Borrower delivers the applicable Revolving Credit Maturity Date Extension Request, the
        conditions set forth in Section 4.02 shall be satisfied and the Administrative Agent shall have received a certificate to that effect dated such date and
        executed by a Responsible Officer. 

     

      

    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 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, could not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required. Schedule 3.01 sets forth a complete list (including the Borrower’s percentage interest therein) as of the Effective Date of (a) all Consolidated Subsidiaries (Part A) and (b) all Excluded Affiliates (Part B).

    

    

    SECTION 3.02 Authorization; Enforceability.
        The Transactions are within the Borrower’s corporate powers and have been duly authorized by all necessary corporate and, if required, stockholder action. This Agreement has been duly executed and delivered by the Borrower and constitutes a legal,
        valid and binding obligation of the Borrower, enforceable 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 or any other Person, except such as have been obtained or made and are in full force and effect or those
        that the failure to obtain or make will not, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, (b) (i) will not violate any applicable law or regulation or the charter, by-laws or other
        organizational documents of the Borrower or any of its Subsidiaries or any order of any Governmental Authority and (ii) will not violate or result in a default under any indenture, material agreement or other material instrument binding upon the
        Borrower or any of its 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 Subsidiaries, except, in each case, for such violations or defaults that, individually or in the
        aggregate, could not reasonably be expected to result in a Material Adverse Effect, and (c) will

    

    

    
      51

      
        

    

    not result in the creation or imposition of any Lien on any material asset of the Borrower or any of its Subsidiaries, except, in each case, for Liens on cash collateral, to the extent cash collateral is required
      pursuant to this Agreement. 

     

      

    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, stockholders equity and cash flows as of and for the fiscal year ended December 31, 2018, reported on
        by KPMG LLP, independent public accountants. 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.

    

    

    (b)          Since December 31, 2018, there
        has been no material adverse change in the operations or financial condition of the Borrower and its Material Subsidiaries, taken as a whole.

    

    

    SECTION 3.05 Properties. (a) Each of
        the Borrower and its Material Subsidiaries has good title to, or valid leasehold interests in, all its material real and personal property, except for minor defects in title that do not interfere in any material respect with its ability to conduct
        its business as currently conducted.

    

    

    (b)         Each of the Borrower and its Subsidiaries owns, or is licensed to use, all trademarks, trade names,
        copyrights, patents and other intellectual property material to its business, and the use thereof by the Borrower and its Subsidiaries does not infringe upon the rights of any other Person, except for any such infringements that, individually or in
        the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

    

    

    SECTION 3.06 Litigation and Environmental
            Matters. (a) 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
        Subsidiaries (i) that except as described in the Company’s Report on Form 10-K for the year ended December 31, 2018 or any subsequent Form 8-K filing prior to the Effective Date (the “Disclosed

            Matters”) could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect or (ii) that involve this Agreement or the Transactions.

    

    

    (b)        Except with respect to the Disclosed Matters or any other matters that, individually or in the aggregate, could not
        reasonably be expected to result in a Material Adverse Effect, neither the Borrower nor any of its 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 notice of any claim with respect to any Environmental Liability
        or (iv) knows of any basis for any Environmental Liability.

    

    

    SECTION 3.07 Compliance with Laws and Agreements.
        Each of the Borrower and its Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property,
        except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing.

    

      

    
      52

      
        

    

    SECTION 3.08 Governmental Regulation.
        Neither the Borrower nor any of its Subsidiaries is subject to regulation under the Interstate Commerce Act, as amended, the Investment Company Act of 1940, as amended, or any other applicable law such that the ability of any such Person to incur
        indebtedness is limited or its ability to consummate the transactions contemplated by this Agreement or any other Loan Document is impaired.

    

    

    SECTION 3.09 Taxes. The Borrower has
        filed, and has caused each of Material Subsidiaries to file, all United States income and other applicable material federal, state and local Tax returns that the Borrower and each such Material Subsidiaries are required by law to file and have paid
        all income and other applicable material Taxes and other similar charges that are due and payable pursuant to such returns, except to the extent any of the same may be contested in good faith by appropriate proceedings promptly initiated and
        diligently conducted, and with respect to which adequate reserves have been set aside on the books of such Person in accordance with GAAP.

    

    

    SECTION 3.10 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, could reasonably be expected to result in a Material Adverse Effect.

    

    

    SECTION 3.11 Disclosure. (a) The
        Borrower has disclosed (including, without limitation, by means of reports filed (and not confidential) with the SEC) to the Lenders all agreements, instruments and other contractual restrictions to which Borrower or any of its Subsidiaries is
        subject, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. Taken together, none of the reports, financial statements, certificates or other information furnished by or on behalf of Borrower
        or any if its Subsidiaries to the Administrative Agent or any Lender in connection with the negotiation of this Agreement or any other Loan Document (as modified or supplemented by other information so furnished) contains any material misstatement
        of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading in any material respect; 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 delivered and, if such projected financial information was delivered prior to the Effective
        Date, as of the Effective Date (and such projections are not guaranties of future performance, as actual results may differ materially from projected results).

    

    

    (b)         As of the Effective Date, to the best knowledge of the Borrower, the information included in the
        Beneficial Ownership Certification provided on or prior to the Effective Date to the Administrative Agent in connection with this Agreement is true and correct in all respects.

    

    

    SECTION 3.12 Labor Matters. As of the
        Effective Date, there are no strikes, lockouts or slowdowns against the Borrower or its Subsidiaries pending or, to the knowledge of the Borrower, threatened. The hours worked by and payments made to employees of the Borrower and its Subsidiaries
        have not been in violation of the Fair Labor Standards Act or any other applicable law dealing with such matters in any manner that could reasonably be expected to have a Material Adverse Effect. Except as would not individually or in the aggregate
        reasonably be expected to have a Material Adverse Effect, all payments due from the Borrower or any

    

    

    
      53

      
        

    

    Subsidiary, or for which any claim may be made against any of them, on account of wages and employee health and welfare insurance and other
        benefits, have been paid or accrued as a liability on the books of the Borrower and its Subsidiaries. The consummation of the Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any
        collective bargaining agreement to which the Borrower or any of its Subsidiaries is bound. 

     

      

    SECTION 3.13 Margin Stock. Neither the
        Borrower nor any of its Subsidiaries is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Board). No part of the proceeds of any Loan will be used, directly
        or indirectly, to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying margin stock, in each case, in violation of Regulation U of the Board.

    

    

    SECTION 3.14 Anti-Corruption Laws and Sanctions.
        The Borrower has implemented and maintains in effect policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti- Corruption Laws and applicable
        Sanctions, and the Borrower, its Subsidiaries and their respective officers and employees and to the knowledge of the Borrower its directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects.
        None of (a) the Borrower, any Subsidiary or to the knowledge of the Borrower or such Subsidiary any of their respective directors, officers or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will
        act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing or Letter of Credit, use of proceeds or other Transaction contemplated by this Agreement will violate any
        Anti-Corruption Law or applicable Sanctions.

    

    

    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 and of the Issuing Banks to issue Letters of Credit 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 from each party hereto either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include electronic mail or other electronic
        transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement.

    

    

    (b)          Each Lender requesting a Note
        evidencing Loans made by such Lender shall have received a Note payable to such Lender in a form approved by the Administrative Agent in its reasonable discretion.

    

      

    
      54

      
        

    

    (c)         The Administrative Agent shall
        have received a written opinion (addressed to the Administrative Agent and the Lenders and dated the Effective Date) of Norton Rose Fulbright US LLP, counsel for the Borrower, in form and substance reasonably satisfactory to the Administrative
        Agent.

    

    

    (d)         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, the authorization of the Transactions and any other legal
        matters relating to the Borrower, this Agreement or the Transactions, all in form and substance satisfactory to the Administrative Agent and its counsel.

    

    

    (e)          The Administrative Agent shall
        have received a certificate, dated the Effective Date and signed by a Responsible Officer, confirming (i) compliance with the conditions set forth in paragraphs (a) and (b) of Section 4.02 and (ii) receipt of all governmental and third party approvals, if any,
        necessary in connection with the Transactions and the continuing operations of the Borrower and its Subsidiaries.

    

    

    (f)          The Administrative Agent shall
        have received all fees and other amounts due and payable on or prior to the Effective Date, including, to the extent invoiced at least one Business Day prior to the Effective Date, reimbursement or payment of all reasonable out of pocket expenses
        required to be reimbursed or paid by the Borrower hereunder (including the reasonable fees and expenses of legal counsel for the Administrative Agent).

    

    

    (g)         The Administrative Agent and the
        Lenders shall have received, (i) at least five (5) days prior to the Effective Date, all documentation and other information regarding the Borrower requested in connection with applicable “know your customer” and anti-money laundering rules and
        regulations, including the USA PATRIOT Act, to the extent requested in writing of the Borrower at least ten (10) days prior to the Effective Date and (ii) the Administrative Agent and the Lenders shall have received, to the extent the Borrower
        qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification in relation to the Borrower at least five (5) days prior to the Effective Date, to the extent requested in writing of the
        Borrower at least ten (10) days prior to the Effective Date.

    

    

    The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding.

    

    

    SECTION 4.02 Each Credit Event. The
        obligation of each Lender to make a Loan on the occasion of any Borrowing, and of the Issuing Banks to issue, amend, renew or extend any Letter of Credit, 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 (without duplication of any materiality qualifiers contained therein) on and as of the date of such Borrowing or the date of issuance,
        amendment, renewal or extension of such Letter of Credit, as applicable, except to the extent such representations and warranties were made as of a specific date, in which case the same shall be required to have been true and correct in all
        material respects as of such date.

    

      

    
      55

      
        

    

    (b)          At the time of and immediately
        after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no Default shall have occurred and be continuing.

    

    

    Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit 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.

    

    

    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 and all Letters of Credit (other than Letters of Credit as to which arrangements satisfactory to the Administrative Agent and the applicable Issuing Banks have been made) shall have expired or
        terminated, in each case, without any pending draw, and all LC Disbursements shall have been reimbursed, 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:

    

    

    (a)          within 90 days after the end of
        each fiscal year of the Borrower, its audited consolidated and consolidating balance sheet and related statements of earnings, 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 KPMG LLP or other independent public accountants of recognized national standing selected by the Borrower or otherwise reasonably satisfactory to the Required Lenders (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, its consolidated and consolidating balance sheet and related statements of earnings 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 (on a consolidated, but not consolidating, basis) 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;

    

    

    (c)          concurrently with any delivery of
        financial statements under clause (a) or (b) above, a certificate of a Responsible Officer
        of the Borrower (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 6.06(b) and Section 6.10, (iii)
        identifying any changes in the Consolidated Subsidiaries and Excluded Affiliates since the date of the most recent certificate delivered pursuant to this clause (c) (or
        in the case of the initial certificate, any changes from those specified in Schedule 3.01) and (iv) in the case of each certificate delivered

    

      

    
      56

      
        

    

    concurrently with the delivery of financial statements under clause (b), stating that such financial statement faintly present in all material respects the
      consolidated financial position and results of operations of the Borrower and its Subsidiaries in accordance with GAAP, subject to normal year-end adjustments;

     

      

    (d)         promptly after the same become
        publicly available, copies of all periodic and other reports, proxy statements and other materials filed by the Borrower or any Subsidiary with the SEC, or any Governmental Authority succeeding to any or all of the functions of said Commission, or
        with any national securities exchange, or distributed by the Borrower to its shareholders generally, as the case may be; and

    

    

    (e)          as promptly as practicable
        following any request therefor, (i) 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 or any
        Lender may reasonably request and (ii) 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 USA PATRIOT Act and the Beneficial Ownership Regulation.

    

    

    Documents required to be delivered pursuant to Section

            5.01(a), Section 5.01(b) or Section 5.01(d) (to the extent any such documents
        are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides a link thereto on the
        Borrower’s website on the Internet; or (ii) on which such documents are posted on the Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party
        website or whether sponsored by the Administrative Agent). Notwithstanding anything contained herein, in every instance the Borrower shall be required to provide paper or electronic copies of the certificates required by Section 5.01(c) to the Administrative Agent. Except for such certificates, the Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents
        referred to above, and in any event shall have no responsibility to monitor compliance by the Borrower with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such
        documents.

    

    

    SECTION 5.02 Notices of Material Events. The Borrower will
        furnish to the Administrative Agent notice of the following, in each case, promptly (and in the cases of clauses (a) and (b) below, within ten (10) days) after a Responsible Officer 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 Subsidiary thereof that could reasonably be expected to result in a Material Adverse Effect;

    

    

    
      
        
          (c)          the occurrence of any ERISA Event; and

        

      

    

    

    

    (d)          any other development that results
        in, or could reasonably be expected to result in, a Material Adverse Effect.

    

      

    
      57

      
        

    

    Each notice delivered under this Section shall be accompanied by a statement of a Responsible Officer 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; Conduct of Business.
        The Borrower will preserve and maintain, and (except as otherwise permitted by Section 6.03 and Section
            6.05) will cause each of its Material Subsidiaries to preserve and maintain, its existence, rights, franchises and privileges in the jurisdiction of its organization, and qualify and remain qualified, and cause each of its Material
        Subsidiaries to qualify and remain qualified, as a foreign organization in each jurisdiction in which the failure to be so qualified could reasonably be expected to have a Material Adverse Effect.

    

    

    SECTION 5.04 Taxes; Claims. The
        Borrower will pay and discharge, and will cause each of its Subsidiaries to pay and discharge, all material taxes, assessments and governmental charges or levies imposed upon such Person or upon its income or profits, or upon any properties
        belonging to such Person, prior to the date on which penalties attach thereto, and all lawful claims which, if unpaid, might become a Lien upon any properties of the Borrower or any of its Material Subsidiaries, other than any such tax, assessment,
        charge, levy or claim which is being contested in good faith by appropriate proceedings promptly initiated and diligently conducted, and with respect to which adequate reserves are set aside on the books of such Person in accordance with GAAP.

    

    

    SECTION 5.05 Maintenance of Properties; Insurance.
        The Borrower will maintain and preserve, and will cause each of its Material Subsidiaries to maintain and preserve, all of its material properties necessary for the proper conduct of its business in good working order and condition, ordinary wear
        and tear and casualty and condemnation excepted. The Borrower will maintain, and will cause each of its Subsidiaries to maintain, with financially sound, responsible and reputable insurance companies or associations, insurance, or self-insure
        against such risks, and in such amounts (and with co-insurance and deductibles), as are usually insured against by Persons of established reputation engaged in the same or similar businesses and similarly situated.

    

    

    SECTION 5.06 Books and
            Records; Accounting Systems; Inspection Rights. The Borrower will keep, and will cause each of its Subsidiaries to keep, adequate records and books of account adequate to enable the preparation of the financial statements required by
        Section 5.01. The Borrower shall maintain or cause to be maintained a system of accounting established and administered in accordance with sound business practices customary in Borrower’s industry to
        permit preparation of financial statements in conformity with GAAP in all material respects, and each of the financial statements described herein shall be prepared from such system and records. From time to time during regular business hours upon
        reasonable prior notice, the Borrower will permit, and will cause each of its Subsidiaries to permit, any agents or representatives of the Administrative Agent or any Lender to examine and make copies of and abstracts from the records and books of
        account of, and visit the properties of, the Borrower and its Subsidiaries and to discuss the affairs, finances and accounts of any such Person with any of their respective independent public accountants, officers or directors, all at the expense
        of the Borrower; provided that (a) absent the existence of an Event of Default (i) only the Administrative Agent shall exercise such rights on behalf of the
        Lenders and (ii) the Administrative Agent shall not exercise such rights more than one time in any calendar year and

    

      

    
      58

      
        

    

    (b) the Borrower shall be given the opportunity to participate in
        any discussion with its accountants.

     

      

    SECTION 5.07 Compliance with Laws and Agreements.
        The Borrower will comply, and will cause each of its Subsidiaries to comply, with all applicable laws and all indentures, notes, loan agreements, mortgages, leases, material agreements and other material instruments binding upon it or its property,
        noncompliance with which could reasonably be expected to have a Material Adverse Effect. Without limitation of the foregoing, the Borrower shall, and shall cause each of its Subsidiaries to, comply with all Environmental Laws, operate its
        properties and conduct its business in accordance with good environmental practices, and handle, treat, store and dispose of Hazardous Materials in accordance with such practices, except where the failure to do so will not have a Material Adverse
        Effect. The Borrower will maintain in effect and enforce policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable
        Sanctions.

    

    

    SECTION 5.08 Use of Proceeds and Letters of Credit.
        The proceeds of the Loans will be used only (a) to repay existing Debt of the Borrower, (b) for working capital and general corporate purposes of the Borrower and its Consolidated Subsidiaries, (c) for payment of all amounts owing by the Borrower
        under this Agreement, (d) to fund any cash consideration payable by the Borrower or any of its Consolidated Subsidiaries in connection with a merger or acquisition which is not prohibited by Section 6.05 or Section 6.06 or (e) to fund Investments in Excluded Affiliates permitted by Section 6.06; provided that such uses are, at the time made, otherwise consistent with the terms of this Agreement and all applicable laws
        and no Default would result therefrom. 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. Letters of
        Credit will be issued only to support general corporate purposes of the Borrower and its Consolidated Subsidiaries. The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its
        Subsidiaries and its or their respective directors, officers, employees and agents shall not use, directly or indirectly, the proceeds of any Borrowing or Letter of Credit (a) in furtherance of an offer, payment, promise to pay, or authorization of
        the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person,
        or in any Sanctioned Country, or (c) in any manner that would result in the violation of any Sanctions applicable to any party hereto.

    

    

    SECTION 5.09 Accuracy of Information.
        The Borrower will ensure that all written information, including financial statements or other documents, furnished to the Administrative Agent or the Lenders in connection with this Agreement or any amendment or modification hereof or waiver
        hereunder, when taken as a whole, contains no material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not materially misleading.

    

    

    SECTION 5.10 Continuous Ratings. The
        Borrower will use commercially reasonable efforts to continue in effect a Moody’s Rating and a S&P Rating.

    

      

    
      59

      
        

    

    SECTION 5.11 Further Assurances. The
        Borrower at its expense will, and will cause each of its Subsidiaries to, promptly execute and deliver all such other and further documents, agreements and instruments in compliance with or accomplishment of the covenants and agreements of the
        Borrower or any of its Subsidiaries in the Loan Documents, including, without limitation, the accomplishment of any condition precedent that may have been waived by the Lenders prior to the initial Borrowing or any subsequent Borrowings.

    

    

    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 and all Letters of Credit (other than Letters of Credit as to which arrangements satisfactory to the Administrative Agent and the applicable Issuing Banks have been made) have expired or terminated, in each case,
        without any pending draw, and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that:

    

    

    SECTION 6.01 Debt.

    

    

    (a)          The Borrower will not, and will not
        permit any of its Consolidated Subsidiaries to, create, incur, assume or suffer to exist, any Debt other than:

    

    

    
      
        
          (i)           Debt of the Borrower under the Loan Documents;

        

      

    

    

    

    
      
        
          (ii)          unsecured Debt owing by the Borrower to any
              Consolidated Subsidiary;

        

      

    

    

    

    (iii)         unsecured Debt
        owing by any Consolidated Subsidiary to the Borrower or any other Consolidated Subsidiary;

    

    

    (iv)        Debt (other
        than Derivative Obligations) of Consolidated Subsidiaries, so long as (A) no Default or Event of Default exists on the date such Debt is incurred or would result from the incurrence of such Debt, and (B) the aggregate amount of such Debt does not
        exceed fifteen percent (15%) of Net Worth as of the last day of the fiscal quarter most recently ended prior to the date of incurrence for which financial statements are available;

    

    

    
      
        
          (v)         Debt
              (other than Derivative Obligations) of the Borrower, so long as (A) such Debt is not Guaranteed by any Subsidiary of the Borrower, except to the extent permitted by paragraph

                  (iv) above, and (B) no Default or Event of Default exists on the date such Debt is incurred or would result from the incurrence of such Debt; and

        

      

    

    

    

    (vi)        Derivative
        Obligations of the Borrower and its Consolidated Subsidiaries, so long as (A) no Default or Event of Default exists on the date such Derivative Obligations are incurred or would result from the incurrence thereof and (B) the aggregate amount of
        such Derivative Obligations does not exceed ten percent (10%) of Net Worth as of the last day of the fiscal quarter most recently ended prior to the date of incurrence for which financial statements are available.

    

      

    
      60

      
        

    

    (b)          The Borrower will not permit
        any Excluded Affiliate to create, incur, assume or suffer to exist any Debt unless the agreements evidencing or providing for such Debt do not provide for recourse against the Borrower or any of its Consolidated Subsidiaries, or any of their
        respective assets, for the payment of such Debt; provided, however, that the foregoing shall
        not apply to any such Debt of an Excluded Affiliate that is covered by a Guaranty from the Borrower or a Consolidated Subsidiary that constitutes Debt permitted by Section 6.01(a).

    

    

    SECTION 6.02 Liens. The Borrower will
        not, and will not permit any of its Consolidated Subsidiaries to, create, incur, assume or suffer to be created, assumed or incurred or to exist, any Lien upon any of their property or assets, whether now owned or hereafter acquired other than:

    

    

    (a)          Liens not otherwise permitted
        under any other clause of this Section 6.02 against assets of the Borrower or a Consolidated Subsidiary securing Debt or other obligations of such Person, so long as (i)
        the aggregate amount of all such secured Debt and other obligations does not exceed fifteen percent (15%) of Net Worth as of the last day of the fiscal quarter most recently ended prior to the date of creation of the Lien for which financial
        statements are available, and (ii) to the extent constituting Debt, such secured Debt is otherwise permitted by Section 6.01(a)(v), in the case of the Borrower, or Section 6.01(a)(iv), in the case of a Consolidated Subsidiary;

    

    

    (b)          Liens imputed to Capital Leases
        under which a Consolidated Subsidiary is the lessee, so long as the Debt of such Consolidated Subsidiary in respect of such Capital Lease is permitted by Section 6.01(a)(iv);

    

    

    (c)          Liens on property of any
        Consolidated Subsidiary that attach within sixty (60) days of such Consolidated Subsidiary’s purchase thereof, and securing only Debt of such Consolidated Subsidiary permitted by Section

            6.01(a)(iv) and incurred to finance all or part of the purchase price of such property, and any extensions and renewals of such Liens so long as the Debt secured thereby is not greater than the Debt secured immediately prior to such
        extension and renewal and such Debt is permitted by Section 6.01(a)(iv) at the time of such extension and renewal;

    

    

    (d)          Liens for taxes, assessments or
        governmental charges or levies if the same shall at the time not be delinquent or thereafter may be paid without penalty, or the validity of which are being contested in good faith by appropriate proceedings promptly initiated and diligently
        conducted and as to which adequate reserves shall have been set aside on the books of the Borrower in accordance with GAAP;

    

    

    (e)          carriers’, warehousemen’s and
        mechanics’ liens and other similar Liens which arise in the ordinary course of business, do not materially impair the use or value of its properties or assets or the conduct of its business, and secure obligations that are not yet due and payable
        or are being contested in good faith by appropriate proceedings promptly initiated and diligently conducted and as to which adequate reserves shall have been set aside on the books of the Borrower in accordance with GAAP or as to which adequate
        bonds shall have been obtained;

    

    

    (f)           pledges or deposits to secure
        obligations under workmen’s compensation laws or similar legislation or to secure public or statutory obligations of the Borrower;

    

      

    
      61

      
        

    

    (g)          Liens created in favor of a
        Governmental Authority to secure partial, progress, advance or other contractual payments pursuant to any agreement or statute;

    

    

    (h)         attachment, judgment and other
        similar Liens arising in connection with court proceedings, provided the execution or other enforcement of such Liens is effectively stayed and the claims secured thereby are being actively contested in good faith and by appropriate proceedings in
        such manner as not to have the property subject to such Liens forfeitable;

    

    

    (i)         easements, rights-of-way,
        reservations, exceptions, minor encroachments, restrictions and similar charges created or incurred in the ordinary course of business which in the aggregate do not materially interfere with the business operations of the Borrower and its
        Subsidiaries taken as a whole, and which were not incurred in connection with the borrowing of money;

    

    

    (j)           Liens of financial institutions
        on accounts or deposits maintained therein to the extent arising by operation of law or within the documentation establishing said account to the extent same secure charges, fees and expenses owing or potentially owing to said institution;

    

    

    (k)          Liens arising from UCC financing
        statements regarding operating leases or any consignment arrangements; and

    

    

    (l)           Liens on cash collateral, to the
        extent cash collateral is required pursuant to this Agreement.

    

    

    SECTION 6.03 Consolidated Subsidiary Dispositions.
        Except as permitted by Section 6.05, 6.06 and 6.09, the Borrower will not and will not permit any Consolidated Subsidiary to, sell, lease (as lessor) or otherwise dispose of any
        Substantial Part (as defined below) of the assets of the Borrower and its Consolidated Subsidiaries; provided, however, that the Borrower or any Consolidated Subsidiary may sell, lease or otherwise dispose of assets constituting a Substantial Part
        of the assets of the Borrower and its Consolidated Subsidiaries if such assets are sold in an arms’ length transaction and, immediately before and immediately after giving effect thereto, no Default or Event of Default shall have occurred and be
        continuing and an amount equal to the net proceeds received from such sale, lease or other disposition (but only with respect to that portion of such assets that exceeds the definition of “Substantial Part” set forth below) shall be used within 365
        days of such sale, lease or disposition, in any combination:

    

    

    (a)           to acquire productive assets
        used or useful in carrying on the business of the Borrower and its Consolidated Subsidiaries and having a value at least equal to the value of such assets sold, leased or otherwise disposed of; and/or

    

    

    (b)          to prepay, in the following
        order, (i) at Borrower’s option, senior debt maturing within 365 days of receipt of such net cash proceeds or the Term Loans, (ii) the Revolving Loans, and (iii) any other senior debt of the Borrower and its Consolidated Subsidiaries, provided
        that, to the extent any such proceeds are used to prepay the outstanding principal amount of the Loans, such prepayment shall be made in accordance with the terms of Section 2.10.

    

      

    
      62

      
        

    

    A sale, lease or other disposition of assets shall be deemed to be a “Substantial Part” of the assets of the Borrower and its
        Subsidiaries if the book value of such assets, when added to the book value of all other assets sold, leased or otherwise disposed of by the Borrower and its Subsidiaries (including any sale, lease or disposition effected pursuant to a Division)
        during any period of 12 consecutive months ending on the date of such sale, lease or other disposition, exceeds 10% of Consolidated Total Assets (Consolidated Total Assets to be determined as of the end of the fiscal year of the Borrower
        immediately preceding such sale, lease or other disposition); provided that there shall be excluded from any determination of a “Substantial Part” any (i) sale or disposition of assets in the ordinary course of business of the Borrower and its
        Subsidiaries (including any such sales or dispositions of damaged or obsolete assets), (ii) any transfer of assets from the Borrower to any wholly-owned Subsidiary or from any Subsidiary to the Borrower or a wholly-owned Subsidiary, and (iii) any
        sale or transfer of property acquired by the Borrower or any Subsidiary after the date of this Agreement to any Person within 365 days following the acquisition or construction of such property by the Borrower or any Subsidiary if the Borrower or a
        Subsidiary shall concurrently with such sale or transfer, lease such property, as lessee.

    

    

    SECTION 6.04 Consolidated Subsidiary Distributions.
        The Borrower will not, and will not permit any of its Subsidiaries to, enter into any agreement restricting the ability of any Consolidated Subsidiary to (a) pay dividends or make other distributions on the capital stock or other equity interests
        of such Consolidated Subsidiary or (b) make loans or advances to the Borrower or any Subsidiary of the Borrower, other than this Agreement and applicable restrictions in other agreements substantially identical to the restrictions contained in this
        Agreement; provided that the foregoing shall not prohibit, restrict or affect any of the following:

    

    

    (i)           encumbrances
        or restrictions contained in, or existing by reason of, any agreement or instrument existing on the Effective Date;

    

    

    (ii)         encumbrances
        or restrictions contained in, or existing by reason of, any agreement or instrument relating to property existing at the time of the acquisition thereof, so long as such encumbrances or restrictions relate only to the property so acquired;

    

    

    (iii)       encumbrances
        or restrictions contained in, or existing by reason of, any agreement or instrument relating to any debt of, or otherwise to, any Subsidiary of the Borrower at the time such Subsidiary was merged or consolidated with or into, or acquired by, the
        Borrower or a Subsidiary of Borrower or became a Subsidiary of Borrower and not created in contemplation thereof;

    

    

    (iv)        encumbrances or
        restrictions contained in, or existing by reason of, any agreement or instrument effecting a renewal, extension, refinancing, refund or replacement (or successive extensions, renewals, refinancings, refunds or replacements) of debt issued under an
        agreement referred to in clauses (i) through (iii) above, so long as the encumbrances and restrictions contained in any such renewal, extension, refinancing, refund or replacement agreement, taken as a whole, are not materially more restrictive
        than the encumbrances and restrictions contained in the original agreement, as determined in good faith by Borrower;

    

      

    
      63

      
        

    

    

    

    (v)          temporary
        encumbrances or restrictions with respect to a Subsidiary of Borrower under an agreement that has been entered into for the disposition of all or substantially all of the outstanding capital stock or other equity ownership instruments of or assets
        of such Subsidiary, provided that such disposition is otherwise permitted hereunder;

    

    

    (vi)         customary
        restrictions on cash, other deposits or assets imposed by customers and other persons under contracts entered into in the ordinary course of business;

    

    

    (vii)       encumbrances
        or restrictions contained in any agreement or instrument relating to Debt that prohibit the transfer of all or substantially all of the assets of the obligor under such agreement or instrument unless the transferee assumes the obligations of the
        obligor under such agreement or instrument or such assets may be transferred subject to such prohibition;

    

    

    (viii)      encumbrances
        or restrictions with respect to property under an agreement that has been entered into for the disposition of such property, provided that such disposition is otherwise permitted hereunder;

    

    

    (ix)        encumbrances or
        restrictions contained in, or existing by reason of, any agreement or instrument governing Debt of any foreign Subsidiary of Borrower, which encumbrances or restrictions are not applicable to any person, or the properties or assets of any person,
        other than any such foreign Subsidiary of Borrower and the subsidiaries of such foreign Subsidiary;

    

    

    (x)          encumbrances
        or restrictions with respect to property under a charter, lease or other agreement that has been entered into for the employment of such property; and

    

    

    (xi)        encumbrances
        or restrictions contained in joint venture agreements, partnership agreements and other similar agreements with respect to a joint ownership arrangement restricting the disposition or distribution of assets or property of such joint venture,
        partnership or other joint ownership entity, or any of such person’s subsidiaries, if such encumbrances or restrictions are not applicable to the property or assets of any other person.

    

    

    SECTION 6.05 Mergers and Acquisitions.
        The Borrower will not, and will not permit any of its Consolidated Subsidiaries to, acquire (whether in one transaction or a series of transactions) all or substantially all of the assets of any Person or the capital stock or securities of any
        Person, or consolidate with or merge into any Person or permit any Person to consolidate or merge into it, unless: (a) any business acquired in such transaction is similar or related or ancillary to the businesses engaged in by the Borrower and its
        Consolidated Subsidiaries on the Effective Date; (b) in the case of a merger (i) if the Borrower is a party to such merger (and, for the avoidance of doubt, Borrower providing a guaranty of the obligations of a Consolidated Subsidiary otherwise
        party thereto does not render Borrower a party to the merger), the Borrower is the surviving entity and the management of the Borrower shall be substantially unchanged and (ii) if a Consolidated Subsidiary is a party to such merger, the survivor of
        the

    

      

    
      64

      
        

    

    merger is the Borrower or a Person that is, or becomes as a result of such merger, a Consolidated Subsidiary; and (c) immediately after giving
        effect and pro forma effect thereto, no Default shall exist. The Administrative Agent shall have received (A) a certificate of a Responsible Officer of the Borrower showing satisfaction of the condition set forth in this Section 6.05, and (B) such other documents, opinions and information that the Administrative Agent or the Required Lenders may reasonably request in order to substantiate the same.

     

      

    SECTION 6.06 Restricted Investments.

    

    

    (a)          The Borrower will not, and will
        not permit any Consolidated Subsidiary to, make, or enter into any commitment to make, any Restricted Investment if a Default exists either before or after giving effect thereto.

    

    

    (b)         The Borrower will not, and will
        not permit any Consolidated Subsidiary to, make, or enter into any commitment to make, or permit to exist any Restricted Investment other than Restricted Investments that do not in the aggregate exceed twenty percent (20%) of Net Worth as of the
        last day of the fiscal quarter most recently ended prior to the date of such Restricted Investment for which financial statements are available.

    

    

    SECTION 6.07 Lines of Business. The
        Borrower will not, and will not permit any of its Consolidated Subsidiaries to, directly or indirectly engage to a material extent in any business other than those in which it is presently engaged or that are reasonably related or ancillary
        thereto.

    

    

    SECTION 6.08 Transactions with Affiliates.
        Neither the Borrower, nor any of its Consolidated Subsidiaries, will enter into any transaction with an Affiliate other than (a) transactions entered into in the
        ordinary course of business and upon terms no less favorable than those that the Borrower or its Consolidated Subsidiary, as applicable, could obtain in an arm’s length transaction with a Person that is not an Affiliate and (b) transactions between
        the Borrower and any of its Consolidated Subsidiaries, or between such Consolidated Subsidiaries, that do not and will not, either directly or indirectly, cause a Default.

    

    

    SECTION 6.09 Restricted Payments.
        The Borrower will not, and will not permit any of its Subsidiaries to, at any time, declare or make, any Restricted Payment unless, immediately after giving effect to such action, no Default or Event of Default would exist; provided, any Subsidiary may pay a dividend or distribution of any type to the Borrower and such Subsidiary’s other holders (if any) on a ratable basis notwithstanding that, immediately after
        giving effect such action, a Default or Event of Default would exist.

    

    

    SECTION 6.10 Financial Covenants. The
        Borrower will not:

    

    

    (a)          Interest Coverage Ratio. Permit the ratio of (i) EBITDA to (ii) Interest Expense, measured as of the last day of any calendar quarter for the twelve month period then ended, to be less than 2.5 to
        1.0.

    

    

    (b)          Debt to Capitalization Ratio. Permit the ratio of (i) Funded Debt as of the last day of any calendar quarter to (ii) Total Capitalization for the twelve month period then ended to equal or exceed 0.6
        to 1.0.

    

      

    
      65

      
        

    

    ARTICLE VII

    

    

    Events of Default

    

    

    If any of the following events (“Events

          of Default”) shall occur:

    

    

    (a)          the Borrower shall fail to pay any
        principal of any Loan or any reimbursement obligation in respect of any LC Disbursement 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 or any amendment or modification hereof or waiver hereunder, or in any report, certificate, financial statement or other document furnished
        pursuant to or in connection with this Agreement or any amendment or modification hereof or waiver hereunder, 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), 5.03 (with
        respect to the Borrower’s existence) or 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 the earlier of (i) notice thereof from the Administrative Agent to the Borrower (which notice will be given at the request of any Lender) and
        (ii) the date on which such failure first became known to a Responsible Officer;

    

    

    (f)          the Borrower or any Subsidiary
        shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Debt (other than the amounts referred to in subsections (a)
        and (b) above) that constitutes Material Debt, when and as the same shall become due and payable (or, if permitted by the terms of the relevant document, within any
        applicable grace period);

    

    

    (g)          any event or condition occurs
        that results in any Debt (other than the amounts referred to in subsections (a) and (b)
        above) that constitutes Material Debt becoming due prior to its scheduled maturity or that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any such Debt or any trustee or agent on its or
        their behalf to cause any such Debt to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided
        that this clause (g) shall not apply to secured Debt that becomes due as a result of the sale or transfer of the property or assets securing such Debt;

      

    

      

    
      66

      
        

    

    (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 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 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 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 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 Subsidiary
        shall become unable, admit in writing its inability or fail generally to pay its debts as they become due;

    

    

    (k)         one or more final judgments or
        orders for the payment of money in an aggregate amount in excess of the greater of (x) five percent (5%) of the Borrower’s Funded Debt as of such date and (y) $75,000,000 (net of uncontested insurance coverage) shall be rendered against the
        Borrower, any Subsidiary or any combination thereof and either (i) enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) a stay of enforcement of such judgment or order by reason of a pending appeal
        or otherwise, shall not be in effect for any period of thirty (30) consecutive days;

    

    

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

    

    

    
      
        
          (m)         a Change in Control shall occur;

        

      

    

    

    

    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

    

      

    
      67

      
        

    

    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

    

    

    SECTION 8.01 Appointment. Each of the
        Lenders and the Issuing Banks 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 provisions of this Article VIII are solely for the benefit of the Administrative Agent and the Lenders (including the Swingline Lender and the Issuing
        Bank), and the Borrower shall not have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” as used herein or in any other Loan Documents (or any similar term) with reference to
        the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead, such term is used as a matter of market custom, and is intended to create or
        reflect only an administrative relationship between independent contracting parties.

    

    

    SECTION 8.02 Rights as Lender. 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.

    

    

    SECTION 8.03 Duties and Obligations.
        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 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

    

      

    
      68

      
        

    

    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.

     

      

    SECTION 8.04 Reliance. 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.

    

    

    SECTION 8.05 Actions Through Sub-Agents.
        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.

    

    

    SECTION 8.06 Resignation. 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, the Issuing Banks and the Borrower. Upon any such resignation, the Required
        Lenders shall have the right to appoint a successor with, so long as no Event of Default exists, the consent of the Borrower. 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 and the Issuing Banks, 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 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.

    

      

    
      69

      
        

    

    SECTION 8.07 Non-Reliance. Each Lender
        acknowledges and agrees that the extensions of credit made hereunder are commercial loans and letters of credit and not investments in a business enterprise or securities. Each Lender further represents that it is engaged in making, acquiring or
        holding commercial loans in the ordinary course of its business and 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 as a Lender, and to make, acquire or hold Loans hereunder. Each Lender shall, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents
        and information (which may contain material, non-public information within the meaning of the United States securities laws concerning the Borrower and its Affiliates) 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 and in deciding whether or to the extent to which it will continue as a Lender or assign or
        otherwise transfer its rights, interests and obligations hereunder.

    

    

    Anything herein to the contrary notwithstanding, none of the Joint Bookrunners, Co-Lead Arrangers, Syndication Agents
        or Documentation Agents named on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or an
        Issuing Bank hereunder.

    

    

    SECTION 8.08 Not Partners or Co-Venturers.
        The Lenders are not partners or co-venturers, and no Lender shall be liable for the acts or omissions of, or (except as otherwise set forth herein in case of the Administrative Agent) authorized to act for, any other Lender. The Administrative
        Agent shall have the exclusive right on behalf of the Lenders to enforce the payment of the principal of and interest on any Loan after the date such principal or interest has become due and payable pursuant to the terms of this Agreement.

    

    

    ARTICLE IX

    

    

    Miscellaneous

    

    

    SECTION 9.01 Notices. (a) Except in the
        case of notices and other communications expressly permitted to be given by telephone or Electronic Systems (and subject in each case to paragraph (b) below), all notices
        and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by electronic mail, as follows:

    

    

    (i)           if to the
        Borrower, to it at Kirby Corporation, 55 Waugh Drive, Suite 1000, Houston, Texas 77007, Attention of Chief Financial Officer (email: Bill.Harvey @kirbycorp.com);

    

    

    (ii)         if to the
        Administrative Agent, to JPMorgan Chase Bank, N.A., Loan and Agency Services Group, 10 South Dearborn, L2 Floor, Chicago, Illinois 60603, Attention of Stephon Chambers (Facsimile No. (312) 233-2257) (Email address for purposes of notices pursuant
        to Article II permitted to be delivered by electronic mail: stephon.chambers@jpmorgan.com);

    

      

    
      70

      
        

    

    (iii)        if to
        JPMorgan Chase Bank, N.A. in its capacity as an Issuing Bank, to it at 10 South Dearborn, L2 Floor, Chicago, Illinois 60603, (Facsimile No. (214) 307-6874) (Email address for purposes of notices pursuant to Article II permitted to be delivered by electronic mail: chicago.lc.agency.activity.team@jpmorgan.com);

    

    

    (iv)         if to the
        Swingline Lender, to it at JPMorgan Chase Bank, N.A., 10 South Dearborn, L2 Floor, Chicago, Illinois 60603, Attention of Stephon Chambers (Facsimile No. (312) 233-2257) (Email address for purposes of notices pursuant to Article II permitted to be delivered by electronic mail: stephon.chambers @jpmorgan.com); and

    

    

    (v)         if to any
        other Lender or Issuing Bank, to it at its physical address (or email address) set forth in its Administrative Questionnaire (a copy of which the Administrative Agent will provide to the Borrower).

    

    

    Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received;
        notices sent by electronic mail shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the
        recipient). Notices delivered through Electronic Systems, to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b).

    

    

    (b)          Notices and other
        communications to the Administrative Agent, the Lenders and the Issuing Banks hereunder may be delivered or furnished by using Electronic Systems pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed by the
        Administrative Agent and the applicable Lender. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by Electronic Systems pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications.

    

    

    Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address
        shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), and (ii) notices or
        communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient, at its e-mail address as described in the foregoing clause (i), of notification that such notice or communication
        is available and identifying the website address therefor; provided that, for both clauses (i) and (ii) above, if such notice, email or other communication is not sent
        during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient.

    

    

    (c)          Any party hereto may change its
        address, or email address for notices and other communications hereunder by notice to the other parties hereto.

    

    

    
      
        
          (d)          Electronic Systems.

          

            

        

      

    

    
      71

      
        

    

    (i)          The Borrower
        agrees that the Administrative Agent may, but shall not be obligated to, make Communications (as defined below) available to the Issuing Banks and the other Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak, ClearPar or a
        substantially similar Electronic System.

    

    

    (ii)        Any Electronic
        System used by the Administrative Agent is provided “as is” and “as available.” The Agent Parties (as defined below) do not warrant the adequacy of such Electronic Systems and expressly disclaim liability for errors or omissions in the
        Communications. No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by
        any Agent Party in connection with the Communications or any Electronic System. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower, any Lender, any Issuing Bank or any other Person or entity for damages of any kind, including direct or indirect, special, incidental or
        consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of communications through an Electronic System, except to the extent such damages, losses or
        expenses are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party. “Communications” means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of the Borrower pursuant to any Loan Document or
        the transactions contemplated therein which is distributed by the Administrative Agent, any Lender or any Issuing Bank by means of electronic communications pursuant to this Section, including through an Electronic System.

    

    

    SECTION 9.02 Waivers; Amendments. (a)
        No failure or delay by the Administrative Agent, any Issuing Bank 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, the Issuing Banks 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 or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender or any Issuing Bank may have had
        notice or knowledge of such Default at the time.

    

    

    (b)          Except as provided in Section 2.19
        with respect to an Incremental Term Loan Amendment, 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

    

      

    
      72

      
        

    

    or LC Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender affected
        thereby, (iii) postpone the scheduled date of payment of the principal amount of any Loan or LC Disbursement, 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 (c) in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender, (v) change Section 2.20 or Section 2.21 or the definition of “Defaulting Lender”, without the written consent of each Lender or (vi) 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 (it being understood that, solely with the consent of the parties prescribed by Section 2.19 to be parties to an
        Incremental Term Loan Amendment, Incremental Term Loans may be included in the determination of Required Lenders on substantially the same basis as the Commitments and Revolving Loans are included on the Effective Date); provided, further that no such agreement shall amend, modify or otherwise affect the rights or duties of the
        Administrative Agent, the Issuing Banks or the Swingline Lender hereunder without the prior written consent of the Administrative Agent, each Issuing Bank or the Swingline Lender, as the case may be. Notwithstanding anything to the contrary
        contained herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of such Defaulting Lender may not be increased or extended, the principal amount of any Loan
        made by such Defaulting Lender may not be reduced (other than by payment) and the maturity of any Loan made by such Defaulting Lender may not be extended, in each case, without 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 outside counsel for the Administrative
        Agent, in connection with the syndication of 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), (ii) all reasonable out-of-pocket expenses incurred by the Issuing Banks (including one outside counsel therefor) in connection with the issuance, amendment, renewal or extension of any Letter
        of Credit or any demand for payment thereunder and (iii) all reasonable out-of-pocket expenses incurred by the Administrative Agent, the Issuing Banks or any Lender, including the fees, charges and disbursements of one counsel for the
        Administrative Agent, the Issuing Banks and, during the existence of any Event of Default, to the extent there is a conflict of interest, as determined in good faith by the Administrative Agent or the Required Lenders, one outside counsel for the
        Lenders as a group, 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 or Letters of Credit issued hereunder, including all
        such out-of-pocket expenses (subject to the foregoing limitations on numbers of counsel to be paid for by Borrower) incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit.

    

      

    
      73

      
        

    

    (b)          The Borrower shall indemnify
        the Administrative Agent, each Issuing Bank and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including the reasonable 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, any other Loan Document, or any agreement or instrument contemplated hereby or thereby, the
        performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom
        (including any refusal by the Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged
        presence or release of Hazardous Materials on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or
        prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not such claim, litigation, investigation or proceeding is brought by the Borrower or its equity holders, Affiliates, creditors or any other
        third Person and whether based on contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not,
        as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the gross negligence
        or willful misconduct of, or willful violation of the Loan Documents by, such Indemnitee. WITHOUT LIMITING ANY PROVISION OF THIS AGREEMENT OR ANY OF THE OTHER LOAN
          DOCUMENTS, IT IS THE EXPRESS INTENTION OF THE BORROWER THAT EACH INDEMNIFIED PERSON SHALL BE INDEMNIFIED AND HELD HARMLESS AGAINST ANY AND ALL LOSSES, CLAIMS, DAMAGES, LIABILITIES AND RELATED EXPENSES ARISING OUT OF OR RESULTING FROM THE ORDINARY
          NEGLIGENCE (WHETHER SOLE OR CONTRIBUTORY) OR STRICT LIABILITY OF SUCH INDEMNIFIED PERSON. This Section 9.03(b) shall not apply with respect to Taxes other than
        any Taxes that represent losses, claims or damages arising from any non-Tax claim.

    

    

    (c)         To the extent that the Borrower
        fails to pay any amount required to be paid by it to the Administrative Agent, any Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative Agent, such Issuing Bank or the Swingline Lender, as the case may be, 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, such Issuing Bank or the Swingline Lender in their capacity as such.

    

    

    (d)         To the extent permitted by
        applicable law, no party hereto shall assert, and each such party hereby waives, any claim against any other party hereto, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages)
        arising out of, in connection with, or as a result of, this Agreement, any other Loan Document, or

    

      

    
      74

      
        

    

    any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof; provided that, nothing in this clause (d) shall relieve the Borrower of any
        obligation it may have to indemnify an Indemnitee against special, indirect, consequential or punitive damages asserted against such Indemnitee by a third party. 

     

      

    (e)          All amounts due under this Section
        shall be payable thirty (30) 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 (including any Affiliate of any Issuing Bank that issues any Letter of Credit),
        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 (including any Affiliate of any Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Banks 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 Persons (other than an Ineligible Institution) all or a portion of its rights and
        obligations under this Agreement (including all or a portion of its Commitment, participations in Letters of Credit and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld) of:

    

    

    (A)       the Borrower, provided that, the Borrower shall be deemed to have consented to an assignment unless it shall have objected thereto by written notice to the Administrative Agent
        within ten (10) Business Days after having received notice thereof; provided that no consent of the Borrower shall be required for an assignment to a Lender, an
        Affiliate of a Lender, an Approved Fund or, if an Event of Default has occurred and is continuing, any other assignee;

    

    

    (B)         the
        Administrative Agent, provided that no consent of the Administrative Agent shall be required for an assignment of any Commitment to an assignee that is a Lender
        (other than a Defaulting Lender) with a Commitment immediately prior to giving effect to such assignment or an Affiliate of a Lender;

    

    

    (C)         the
        Administrative Agent, provided that no consent of the Administrative Agent shall be required for an assignment of all or any portion of a Term Loan to a Lender,
        an Affiliate of a Lender or an Approved Fund;

    

    

    (D)         the Issuing
        Bank, provided that no consent of the Issuing Bank shall be required for an assignment of all or any portion of a Term Loan; and

    

      

    
      75

      
        

    

    (E)         the Swingline
        Lender, provided that no consent of the Swingline Lender shall be required for an assignment of all or any portion of a Term Loan.

    

    

    
      
        
          
            
              (ii)         Assignments shall be subject to the
                  following additional conditions:

            

          

        

      

    

    

    

    (A)        except in the
        case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans of any Class, the amount of the Commitment or Loans of the assigning Lender subject to each
        such assignment (determined as of the date the Assignment and 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 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; provided that this
        clause shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans;

    

    

    (C)         the parties to
        each assignment shall execute and deliver to the Administrative Agent (x) an Assignment and Assumption, (y) to the extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to a Platform (as to which the
        Administrative Agent and the parties to the Assignment and Assumption are participants), together with a processing and recordation fee of $3,500, and (z) documentation reasonably satisfactory to the Borrower demonstrating that the assignee is
        exempt on the date of such assignment from 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, Letter of Credit or Commitment; and

    

    

    (D)        the assignee, if
        it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire in which the assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public
        information about the Borrower and its related parties or its securities) will be made available and who may receive such information in accordance with the assignee’s compliance procedures and applicable laws, including federal and state
        securities laws.

    

    

    For the purposes of this (b), the term
        “Approved Fund” and “Ineligible
          Institution” have the following meanings:

    

    

    “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.

    

      

    
      76

      
        

    

    “Ineligible
          Institution” means (a) a natural Person (or a holding company, investment vehicle or trust for, or owned or operated for the primary benefit of, a natural Person), (b) a Defaulting Lender or any of its Subsidiaries, or any Person who, upon
        becoming a Lender hereunder, would constitute a Defaulting Lender or a Subsidiary thereof or (c) the Borrower or any of its Affiliates.

    

    

    (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 Sections 2.14, 2.15, 2.16 and 9.03).

        Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this (a) 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 a non-fiduciary 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 (and stated interest) of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent, the Issuing Banks and the Lenders shall treat each Person
        whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower, any Issuing Bank and any Lender, at any reasonable time
        and from time to time upon reasonable prior notice.

    

    

    (v)         Upon its
        receipt of (x) a duly completed Assignment and Assumption executed by an assigning Lender and an assignee or (y) to the extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to a Platform (as to which the
        Administrative Agent and the parties to the Assignment and Assumption are participants), 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

            2.04(c), 2.05(d) or (e), 2.06(b), 2.17(d) or 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.

    

      

    
      77

      
        

    

    (c)          Any Lender may, without
      the consent of the Borrower, the Administrative Agent, any Issuing Bank or the Swingline Lender, sell participations to one or more banks or other entities (a “Participant”), other than an Ineligible Institution, 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 (i) such Lender’s obligations under this Agreement shall remain unchanged; (ii) such Lender shall remain solely responsible to the other parties hereto for the
      performance of such obligations; and (iii) the Borrower, the Administrative Agent, the Issuing Banks 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. The Borrower agrees that each Participant shall be entitled to the
      benefits of Sections 2.14, 2.15 and 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; provided that such Participant (A)
      agrees to be subject to the provisions of Section 2.18 as if it were an assignee under paragraph (b)
      of this Section; and (B) shall not be entitled to receive any greater payment under Section 2.14 or 2.16,
      with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the
      applicable participation. Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 2.18(b) with respect to any Participant. 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 that such Participant agrees to be subject to Section

          2.17(c) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant
      and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant

        Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant
      or any information relating to a Participant’s interest in any Commitments, Loans, Letters of Credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such
      Commitment, Loan, Letter of Credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall
      treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its
      capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

    

    

    (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 any

    

      

    
      78

      
        

    

    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 and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that
        the Administrative Agent, any Issuing Bank 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 or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The
        provisions of Sections 2.14, 2.15, 2.16 and 9.03 and Article VIII shall survive and remain in full
        force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision
        hereof.

    

    

    SECTION 9.06 Counterparts; Integration;
            Effectiveness; Electronic Execution. (a) This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together
        shall constitute a single contract. This Agreement and 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. Except as provided in Section 4.01, this Agreement shall become
        effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter
        shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

    

    

    (b)         Delivery of an executed counterpart of a signature page of this Agreement by emailed pdf. or any other
        electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement. The words “execution,” “signed,” “signature,” “delivery,” and words of like import
        in or relating to any document to be signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in electronic form, each of which shall be
        of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law,
        including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

    

      

    
      79

      
        

    

    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.

    

    

    SECTION 9.08 Right of Setoff. If an
        Event of Default shall have occurred and be continuing, each Lender 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 to or for the credit or the account of the Borrower against any of and all the obligations of the Borrower now or hereafter existing under this Agreement
        held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Lender 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 Texas.

    

    

    (b)          The Borrower hereby
        irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of the District Courts of the State of Texas sitting in Houston, Harris County, Texas and of the United States District Court of the Southern
        District of Texas, 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 Texas 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, any Issuing
        Bank 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.

    

    

    (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

      

    

      

    
      80

      
        

    

    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, the Issuing Banks 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 Governmental Authority (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any
        subpoena or similar legal process, (d) to any other party 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 direct, indirect, actual or prospective counterparty (or its advisors) to any swap, derivative or securitization transaction relating to the Borrower and its
        obligations or (iii) to any credit insurance provider relating to the Borrower and its obligations, (g) with the consent of the Borrower, (h) to the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP
        numbers with respect to the facilities created hereunder or (i) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to the Administrative Agent, any Issuing Bank
        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, any Issuing Bank or any Lender on a non-confidential basis prior to disclosure
        by the Borrower and other than information pertaining to this Agreement routinely provided by arrangers to data service providers, including league table providers, that serve the lending industry. 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.

    

    

    SECTION 9.13 Material Non-Public
            Information.

    

      

    
      81

      
        

    

    (a)          EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION 9.12 FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION
        CONCERNING THE BORROWER AND ITS RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC
        INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS.

    

    

    (b)       ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY THE BORROWER OR THE ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN
        MATERIAL NON-PUBLIC INFORMATION ABOUT THE BORROWER AND ITS RELATED PARTIES OR ITS SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE BORROWER AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT
        CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW.

    

    

    SECTION 9.14 Interest Rate Limitation.
        Notwithstanding anything herein to the contrary, in no event whatsoever shall the amount contracted for, charged, paid or otherwise agreed to be paid to or received by the Administrative Agent or any Lender for the use, forbearance or detention of
        money under this Agreement or any Loan Document or otherwise exceed the maximum non-usurious rate pursuant to applicable law (the “Maximum Rate”), and 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 Rate, 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. Anything in this Agreement or any other Loan
        Document to the contrary notwithstanding, the Borrower shall not be required to pay unearned interest and shall never be required to pay interest at a rate in excess of the Maximum Rate, and if the effective rate of interest which would otherwise
        be payable under this Agreement and the other Loan Documents would exceed the Maximum Rate, or if the Administrative Agent or any Lender shall receive any unearned interest or shall receive monies that are deemed to constitute interest which would
        increase the effective rate of interest payable by the Borrower under this Agreement or Loan Document to a rate in excess of the Maximum Rate, then (a) the amount of interest which would otherwise be payable by the Borrower under this Agreement or
        any Loan Document shall be reduced to the amount allowed under applicable law, and (b) any unearned interest paid by the Borrower or any interest paid by the Borrower in excess of the Maximum Rate shall be credited

    

      

    
      82

      
        

    

    on the principal of (or, if the principal amount shall have been paid in full, refunded to the Borrower). It is further agreed that, without
        limitation of the foregoing, all calculations of the rate of interest contracted for, charged or received by any Lender under this Agreement or any Loan Document, are made for the purpose of determining whether such rate exceeds the Maximum Rate,
        and shall be made by amortizing, prorating and spreading in equal parts during the period of the full stated term of the Loans all interest at any time contracted for, charged or received by such Lender in connection therewith. Texas Finance Code,
        Chapter 346, as amended (relating to revolving loan and revolving triparty accounts), shall not apply to this Agreement or the transactions contemplated hereby. To the extent that the Maximum Rate applicable to a Lender is at any time determined by
        Texas law, such rate shall be the “weekly ceiling” described in the Texas Finance Code, Chapter 303, as amended. 

     

      

    SECTION 9.15 No Advisory or Fiduciary Relationship.
        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 Administrative Agent, the Issuing Banks, the Lenders and the Co-Lead Arrangers named on the cover page hereof, are arm’s-length commercial transactions between the Borrower and its
        Affiliates, on the one hand, and the Administrative Agent, the Issuing Banks, the Lenders and such Co-Lead Arrangers, 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 Administrative Agent, the
        Issuing Banks, the Lenders and such Co-Arrangers 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) neither the Administrative Agent nor any Issuing Bank nor any Lender nor any such Co-Lead Arranger 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) the Administrative Agent, the Issuing Banks, the Lenders and such Co-Lead Arrangers 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 neither the Administrative Agent nor any Issuing Bank nor any Lender nor any such Co-Lead Arranger has any obligation 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 the Administrative Agent, the Issuing Banks, the Lenders and such
        Co-Lead Arrangers with respect to any breach or alleged breach of fiduciary duty in connection with any aspect of any transaction contemplated hereby.

    

    

    SECTION 9.16 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 9.17 Final Agreement of the Parties.
        THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN

      

    

      

    
      83

      
        

    

    THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.
        THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

     

      

    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.

    

    

    SECTION 9.19 Amendment and Restatement.
        This Agreement constitutes an amendment and restatement in its entirety of the Existing Credit Agreement, effective from and after the Effective Date. The execution and delivery of this Agreement shall not constitute a novation of any loans or
        letters of credit owing to or issued by the Lenders, the Issuing Lender or the Administrative Agent under the Existing Credit Agreement. On the Effective Date, the credit facilities described in the Existing Credit Agreement shall be amended,
        supplemented, modified and restated in their entirety by the credit facilities described herein, and all loans and other obligations of the Borrower outstanding as of such date under the Existing Credit Agreement shall be deemed to be Loans and
        Obligations outstanding under the credit facilities described herein, without any further action by any Person, except that the Administrative Agent shall make such transfers of funds as are necessary in order that the outstanding balance of such
        Loans, together with any Loans funded on the Effective Date, reflect the respective Commitments of the Lenders hereunder.

    

    

    [END OF TEXT]

    

      

    
      84

      
        

    

    
      	
              BORROWER:

            	 
	 	 
	
               

            	
              KIRBY CORPORATION, a Nevada corporation

            
	 	 	 
	 	 	By:	
              /s/ William G. Harvey

            
	 	 	
              

              

            	
              William G. Harvey

            
	 	 	

            	
              Executive Vice President and 

              Chief Financial Officer

            

      

      

      Signature page to Amended and Restated Credit Agreement

      

        

      
        
          

      

    

    
      	
              ADMINISTRATIVE AGENT 

              AND LENDER:

            	
              JPMORGAN CHASE BANK, N.A.

            
	 	 	 
	 	By:	/s/ Laura Woodward	 

      	 	Name:	Laura Woodward	 

      	 	Title:	Vice President	 

    

    
      

        

      Signature Page to Amended and Restated Credit Agreement 

      (Kirby Corporation)

      

      

      
        
          

      

    

     
    
      	LENDER: 

            	BANK OF AMERICA, N.A.
	 	 	 
	 	By:	
              /s/ Jennifer Yan

               

            
	 	Name:	Jennifer Yan

            
	 	Title:

            	Senior Vice President

       
      
        

        

        Signature Page to Amended and Restated Credit Agreement 

        (Kirby Corporation)

         

        

        
          
            

        

        	LENDER: 

              	
                WELLS FARGO BANK, NATIONAL 

                ASSOCIATION

              
	 	 	 
	 	By:	
                /s/ Warren R. Ross

              
	 	Name:	Warren R. Ross

              
	 	Title:

              	Senior Vice President

        

        

        Signature Page to Amended and Restated Credit Agreement 

        (Kirby Corporation)

         

        

        
          
            

        

        	LENDER: 

              	
                BMO HARRIS BANK N.A.

              
	 	 	 
	 	By:	
                /s/ Matthew Gerber

              
	 	Name:	Matthew Gerber

              
	 	Title:

              	Managing Director

              

         

        

        
          
            Signature Page to Amended and Restated Credit Agreement

          

          
            (Kirby Corporation)

             

              

            
              
                

            

          

        

        	LENDER: 

              	
                
                  PNC BANK, NATIONAL ASSOCIATION

                

              
	 	 	 
	 	By:	
                /s/ R. Ruining Nguyen

              
	 	Name:	R. Ruining Nguyen
	 	Title:

              	
                Senior Vice President

              

        
          
            

            

            Signature Page to Amended and Restated Credit Agreement 

            (Kirby Corporation)

             

          

          
            
              
                

            

          

        

      

      	LENDER: 

            	
              
                
                  U.S. BANK NATIONAL ASSOCIATION

                

              

            
	 	 	 
	 	By:	
              /s/ Timothy Landro

               

               

            
	 	Name:	
              Timothy Landro

            
	 	Title:

            	
              Vice President

            

      
         

        

        Signature Page to Amended and Restated Credit Agreement 

        (Kirby Corporation)

         

        

        
          
            

        

        	LENDER:

              	
                
                  
                    
                      BRANCH BANKING AND TRUST COMPANY

                    

                  

                

              
	 	 	 
	 	By:	
                /s/ Melinda Gulledge

                 

              
	 	Name:	
                
                  Melinda Gulledge

                

              
	 	Title:

              	
                Assistant Vice President

              

        
           

          

          Signature Page to Amended and Restated Credit Agreement 

          (Kirby Corporation)

           

          

          
            
              

          

          
            	LENDER: 

                  	
                    ROYAL BANK OF CANADA

                  
	 	 	 
	 	By:	
                    /s/ Sinan Tarlan

                     

                  
	 	Name:	
                    Sinan Tarlan

                  
	 	Title:

                  	
                    Authorized Signatory

                  

             

            

            
              Signature Page to Amended and Restated Credit Agreement 

              (Kirby Corporation)

               

              
                
                  

              

              	LENDER: 

                    	
                      
                        HSBC BANK USA. N.A.

                      

                    
	 	 	 
	 	By:	
                      /s/ Michael Bustios

                       

                    
	 	Name:	
                      
                        Michael Bustios

                      

                    
	 	Title:

                    	
                      Senior Vice President

                    

              
                 

                

                Signature Page to Amended and Restated Credit Agreement 

                (Kirby Corporation)

                 

                

                
                  
                    

                

                
                  	LENDER: 

                        	
                          
                            
                              REGIONS BANK

                            

                          

                        
	 	 	 
	 	By:	
                          /s/ Joe Dancy

                           

                        
	 	Name:	
                          
                            
                              Joe Dancy

                            

                          

                        
	 	Title:

                        	
                          Senior Vice President

                        

                   

              

              
                Signature Page to Amended and Restated Credit Agreement 

                (Kirby Corporation)

                 

                

                
                  
                    

                

              

              
                	LENDER: 

                      	
                        
                          THE NORTHERN TRUST COMPANY

                          

                        

                      
	 	 	 
	 	By:	
                        /s/ Keith L. Burson

                         

                      
	 	Name:	
                        
                          
                            Keith L. Burson

                          

                        

                      
	 	Title:

                      	
                        Senior Vice President

                      

                
                   

                  

                  Signature Page to Amended and Restated Credit Agreement 

                  (Kirby Corporation)

                   

                  

                  
                    
                      

                  

                  
                    	LENDER: 

                          	
                            
                              
                                BOKF, NA DBA BANK OF TEXAS

                              

                            

                          
	 	 	 
	 	By:	
                            /s/ Marian Livingston

                             

                          
	 	Name:	Marian Livingston

                          
	 	Title:

                          	
                            Senior Vice President

                          

                     

                

              

              
                Signature Page to Amended and Restated Credit Agreement 

                (Kirby Corporation)

                 

                
                  
                    

                

                
                  	LENDER: 

                        	
                          
                            
                              
                                ZIONS BANCORPORATION, N.A. DBA 

                                AMEGY BANK

                              

                            

                          

                        
	 	 	 
	 	By:	
                          /s/ Ryan Kim

                           

                        
	 	Name:	
                          Ryan Kim

                        
	 	Title:

                        	
                          Vice President

                        

                

                 

                

                
                  Signature Page to Amended and Restated Credit Agreement 

                  (Kirby Corporation)

                   

                  
                    
                      

                  

                  
                    
                      
                        	LENDER: 

                              	
                                
                                  
                                    
                                      FIRST TENNESSEE BANK, NATIONAL 

                                      ASSOCIATION

                                    

                                  

                                

                              
	 	 	 
	 	By:	
                                /s/ Robert O’Connor

                                 

                              
	 	Name:	
                                
                                  Robert O’Connor

                                

                              
	 	Title:

                              	
                                
                                  Senior Vice President

                                

                              

                      

                    

                    

                    

                    
                      Signature Page to Amended and Restated Credit Agreement 

                      (Kirby Corporation)

                       

                      

                      
                        
                          

                      

                    

                    
                      
                        
                          	LENDER: 

                                	
                                  
                                    
                                      
                                        
                                          FROST BANK

                                        

                                      

                                    

                                  

                                
	 	 	 
	 	By:	
                                  /s/ Kevin J Morley

                                  

                                   

                                
	 	Name:	
                                  
                                    Kevin J Morley

                                    

                                  

                                
	 	Title:

                                	
                                  
                                    Senior Vice President

                                  

                                

                        

                      

                    

                    

                    

                    
                      Signature Page to Amended and Restated Credit Agreement 

                      (Kirby Corporation)

                    

                    

                    

                    
                      
                        

                    

                    
                    SCHEDULE 1.01 

                     

                    

                    EXISTING LETTERS OF CREDIT

                    

                    

                    	
                            Reference 

                            Number

                          	 	
                            Amount

                          	 	
                            Date

                          	
                            Expiry Date

                          	
                            Beneficiary Name

                          	
                            Final Expiry Date

                          
	
                            CDCS- 872384

                          	 	
                            $

                          	
                            750,000

                          	 	
                            22-May- 2015

                          	
                            18-May-2019

                          	
                            FIANZAS GUARDIANA INBURSA, S.A.

                          	
                            18-May-2019

                          
	
                            CTCS- 651330

                          	 	
                            $

                          	
                            300,000

                          	 	
                            22-Oct- 2018

                          	
                            30-Jun-2019

                          	
                            BANQUE EXTERIEURE D’ALGERIE

                          	
                            30-Jun-2019

                          
	
                            CTCS- 246258

                          	 	
                            $

                          	
                            5,350,000

                          	 	
                            22-Oct- 2018

                          	
                            23-Jan-2020

                          	
                            BANQUE EXTERIEURE D’ALGERIE

                          	
                            23-Jan-2020

                          

                    

                    

                    
                      Schedule 1.01 – Page 1

                      
                        

                    

                  

                

              

            

          

        

      

      
        SCHEDULE 2.01 

         

        

        COMMITMENTS

        

        

        	
                Lender

              	 	
                Revolving

              	 	 	
                Term

              	 
	 	 	 	 	 	 	 
	
                JPMorgan Chase Bank, N.A.

              	 	
                $

              	
                107,037,037.04

              	 	 	
                $

              	
                62,962,962.96

              	 
	
                Bank of America, N.A.

              	 	
                $

              	
                107,037,037.04

              	 	 	
                $

              	
                62,962,962.96

              	 
	
                Wells Fargo Bank, N.A.

              	 	
                $

              	
                107,037,037.04

              	 	 	
                $

              	
                62,962,962.96

              	 
	
                BMO Harris Bank N.A.

              	 	
                $

              	
                78,703,703.70

              	 	 	
                $

              	
                46,296,296.30

              	 
	
                PNC Bank, National Association

              	 	
                $

              	
                78,703,703.70

              	 	 	
                $

              	
                46,296,296.30

              	 
	
                U.S. Bank National Association

              	 	
                $

              	
                59,814,814.82

              	 	 	
                $

              	
                35,185,185.18

              	 
	
                Branch Banking and Trust Company

              	 	
                $

              	
                59,814,814.82

              	 	 	
                $

              	
                35,185,185.18

              	 
	
                Royal Bank of Canada

              	 	
                $

              	
                31,481,481.48

              	 	 	
                $

              	
                18,518,518.52

              	 
	
                HSBC Bank USA, National Association

              	 	
                $

              	
                31,481,481.48

              	 	 	
                $

              	
                18,518,518.52

              	 
	
                Regions Bank

              	 	
                $

              	
                31,481,481.48

              	 	 	
                $

              	
                18,518,518.52

              	 
	
                The Northern Trust Company

              	 	
                $

              	
                31,481,481.48

              	 	 	
                $

              	
                18,518,518.52

              	 
	
                BOKF, NA dba Bank of Texas

              	 	
                $

              	
                31,481,481.48

              	 	 	
                $

              	
                18,518,518.52

              	 
	
                Zions Bancorporation, N.A. dba Amegy Bank

              	 	
                $

              	
                31,481,481.48

              	 	 	
                $

              	
                18,518,518.52

              	 
	
                First Tennessee Bank, National Association

              	 	
                $

              	
                31,481,481.48

              	 	 	
                $

              	
                18,518,518.52

              	 
	
                Frost Bank

              	 	
                $

              	
                31,481,481.48

              	 	 	
                $

              	
                18,518,518.52

              	 
	
                Total

              	 	
                $

              	
                850,000,000.00

              	 	 	
                $

              	
                500,000,000.00

              	 

         

        

        
          
            

        

        
        SCHEDULE 3.01

        

        

        CONSOLIDATED SUBSIDIARIES (PART A) AND EXCLUDED AFFILIATES (PART B)

        

        

        Part A

        

        

        	
                Consolidated Subsidiaries

              	
                Organized

              	
                Ownership

              
	  
	
                Kirby Corporate Services, LLC

              	
                Delaware

              	
                100%

              
	
                KIM Holdings, Inc.

              	
                Delaware

              	
                100%

              
	
                Kirby Terminals, Inc.

              	
                Texas

              	
                100%

              
	
                Sabine Transportation Company

              	
                Delaware

              	
                100%

              
	
                AFRAM Carriers, Inc.

              	
                Delaware

              	
                100%

              
	
                Kirby Distribution & Services, Inc.

              	
                Delaware

              	
                100%

              
	
                Kirby Tankships, Inc.

              	
                Delaware

              	
                100%

              
	
                Kirby Ocean Transport Company

              	
                Delaware

              	
                100%

              
	
                Kirby Offshore Marine, LLC

              	
                Delaware

              	
                100%

              
	
                K Equipment, LLC

              	
                Delaware

              	
                100%

              
	
                Osprey Line, L.L.C.

              	
                Texas

              	
                66 2/3%

              
	
                KIM Partners, LLC (Subsidiary of KIM Holdings, Inc.)

              	
                Louisiana

              	
                100%

              
	
                Kirby Inland Marine, LP (KIM Holdings, Inc. 1% General Partner, KIM Partners, LLC 99% Limited Partner)

              	
                Delaware

              	
                100%

              
	
                Greens Bayou Fleeting, LLC (subsidiary of Kirby Inland Marine, LP)

              	
                Texas

              	
                100%

              
	
                Dixie Carriers, Inc. (subsidiary of Kirby Inland Marine, LP)

              	
                Texas

              	
                100%

              
	
                San Jac Marine, LLC (subsidiary of Kirby Inland Marine, LP)

              	
                Delaware

              	
                100%

              
	
                Kirby Engine Systems LLC (subsidiary of Kirby Distribution & Services, Inc.)

              	
                Delaware

              	
                100%

              
	
                Marine Systems, Inc. (subsidiary of Kirby Engine Systems LLC)

              	
                Louisiana

              	
                100%

              
	
                Engine Systems, Inc. (subsidiary of Kirby Engine Systems LLC)

              	
                Delaware

              	
                100%

              
	
                United Holdings LLC (subsidiary of Kirby Distribution & Services, Inc.)

              	
                Delaware

              	
                100%

              
	
                United Engines LLC (subsidiary of United Holdings LLC)

              	
                Colorado

              	
                100%

              
	
                UE Manufacturing LLC (subsidiary of United Holdings LLC)

              	
                Colorado

              	
                100%

              
	
                Compression Systems LLC (subsidiary of United Holdings LLC)

              	
                Colorado

              	
                100%

              
	
                Thermo King of Houston, LP (subsidiary of United Holdings LLC)

              	
                Texas

              	
                100%

              
	
                San Antonio Thermo King, Inc. (subsidiary of Thermo King of Houston, LP)

              	
                Texas

              	
                100%

              
	
                Kirby Offshore Marine Operating, LLC (subsidiary of Kirby Offshore Marine, LLC)

              	
                Delaware

              	
                100%

              
	
                Kirby Offshore Marine Hawaii, LLC (subsidiary of Kirby Offshore Marine Operating, LLC)

              	
                Delaware

              	
                100%

              
	
                Kirby Offshore Marine Pacific, LLC (subsidiary of Kirby Offshore Marine Operating, LLC)

              	
                Delaware

              	
                100%

              
	
                Kirby Offshore Marine, Inc. (subsidiary of Kirby Offshore Marine Operating, LLC)

              	
                Delaware

              	
                100%

              
	
                Inversiones Kara Sea SRL (subsidiary of Kirby Offshore Marine Operating, LLC)

              	
                Venezuela

              	
                100%

              
	
                K-Sea Canada Holdings, Inc. (subsidiary of Kirby Offshore Marine, Inc.)

              	
                Delaware

              	
                100%

              
	
                K-Sea Canada Corp. (subsidiary of K-Sea Canada Holdings, Inc.)

              	
                Nova Scotia

              	
                100%

              
	
                Penn Maritime Inc. (subsidiary of Kirby Offshore Marine, LLC)

              	
                Delaware

              	
                100%

              
	
                Stewart & Stevenson LLC (subsidiary of Kirby Distribution & Services, Inc.)

              	
                Delaware

              	
                100%

              
	
                Stewart & Stevenson Power Products LLC (subsidiary of Stewart & Stevenson LLC)

              	
                Delaware

              	
                100%

              
	
                Stewart & Stevenson Canada Inc. (subsidiary of Stewart & Stevenson LLC)

              	
                Canada

              	
                100%

              
	
                Stewart & Stevenson de las Americas Colombia Ltda. (Stewart & Stevenson Petroleum Services LLC 1% General Partner, Stewart & Stevenson LLC 99% Limited Partner)

              	
                Colombia

              	
                100%

              
	
                Stewart & Stevenson de Venezuela, S.A. (subsidiary of Stewart & Stevenson LLC)

              	
                Venezuela

              	
                100%

              
	
                Stewart & Stevenson Material Handling LLC (subsidiary of Stewart & Stevenson LLC)

              	
                Delaware

              	
                100%

              
	
                Hunt Power Systems LLC (subsidiary of Stewart & Stevenson LLC)

              	
                Delaware

              	
                100%

              
	
                Stewart & Stevenson Petroleum Services LLC (subsidiary of Stewart & Stevenson LLC)

              	
                Delaware

              	
                100%

              
	
                Stewart & Stevenson Distributor Holdings LLC (subsidiary of Stewart & Stevenson LLC)

              	
                Delaware

              	
                100%

              
	
                Stewart & Stevenson Finance LLC (subsidiary of Stewart & Stevenson LLC)

              	
                Delaware

              	
                100%

              

         

        

        
          Schedule 3.01 – Page 1

          
            

        

        
          	
                  Stewart & Stevenson Manufacturing Technologies LLC (subsidiary of Stewart & Stevenson LLC)

                	
                  Delaware

                	
                  100%

                
	
                  Stewart & Stevenson Acquisition LLC (subsidiary of Stewart & Stevenson LLC)

                	
                  Delaware

                	
                  100%

                
	
                  Stewart & Stevenson Rentals LLC (subsidiary of Stewart & Stevenson LLC)

                	
                  Delaware

                	
                  100%

                
	
                  Stewart & Stevenson FDDA LLC (subsidiary of Stewart & Stevenson LLC)

                	
                  Delaware

                	
                  100%

                
	
                  Transmissions Y Embragues, S.A. (subsidiary of Stewart & Stevenson de Venezuela, S.A.)

                	
                  Venezuela

                	
                  100%

                
	
                  Stewart & Stevenson Hong Kong Limited (subsidiary of Stewart & Stevenson Petroleum Services LLC)

                	
                  Hong Kong

                	
                  100%

                
	
                  Higman Marine, Inc. (subsidiary of Kirby Inland Marine, LP)

                	
                  Delaware

                	
                  100%

                
	
                  Higman Barge Lines, Inc. (subsidiary of Higman Marine, Inc.)

                	
                  Delaware

                	
                  100%

                
	
                  Higman Marine Services, Inc. (subsidiary of Higman Marine, Inc.)

                	
                  Delaware

                	
                  100%

                
	
                  Higman Service Corporation (subsidiary of Higman Marine, Inc.)

                	
                  Delaware

                	
                  100%

                
	
                  Alamo Barge Lines, LLC (subsidiary of Kirby Inland Marine, LP)

                	
                  Delaware

                	
                  100%

                
	
                  16530 Peninsula Blvd. LLC (subsidiary of Kirby Inland Marine, LP)

                	
                  Texas

                	
                  100%

                
	
                  Empty Barge Lines, Inc. (subsidiary of Kirby Inland Marine, LP)

                	
                  Texas

                	
                  100%

                
	
                  Empty Barge Lines II, Inc. (subsidiary of Kirby Inland Marine, LP)

                	
                  Texas

                	
                  100%

                
	
                  Empty Barge Lines III, Inc. (subsidiary of Kirby Inland Marine, LP)

                	
                  Texas

                	
                  100%

                
	
                  EBL Marine I LLC (subsidiary of Kirby Inland Marine, LP)

                	
                  Texas

                	
                  100%

                
	
                  EBL Marine II LLC (subsidiary of Kirby Inland Marine, LP)

                	
                  Texas

                	
                  100%

                
	
                  EBL Marine III LLC (subsidiary of Kirby Inland Marine, LP)

                	
                  Texas

                	
                  100%

                
	
                  Hollywood Chem 107, Ltd

                	
                  Texas

                	
                  90.8%

                
	
                  Hollywood Chem 108, Ltd

                	
                  Texas

                	
                  93.1%

                

          

          

          Part B

          

          

          	
                  Excluded Affiliates

                	
                  Organized

                	
                  Ownership

                
	  
	
                  Bolivar Terminal Co., Inc. (subsidiary of Kirby Inland Marine, LP)

                	
                  Texas

                	
                  50%

                
	
                  The Hollywood Camp, L.L.C.

                	
                  Texas

                	
                  50%

                
	
                  Kirby Corporation Political Action Committee

                	
                  Texas

                	
                  100%

                
	
                  Kirby Disaster Relief Fund

                	
                  Texas

                	
                  100%

                
	
                  Capella Marine Leasing, LLC (subsidiary of Kirby Offshore Marine Pacific, LLC)

                	
                  Oregon

                	
                  50%

                
	
                  Third and Ten, LLC (subsidiary of Thermo King of Houston, LP)

                	
                  Delaware

                	
                  33.33%

                

           

          

          
            Schedule 3.01 – Page 2

            
              

          

        

        
          
            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 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex

                    1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full.

            

            

            For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably
                purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent 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 any letters of credit, guarantees, and swingline loans included in such facilities) and (ii) to the extent permitted to
                be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement,
                any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims
                and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is
                without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.

            

            

          

          
            	1.	
                    Assignor:

                  	
                     

                  
	
                     

                  	
                     

                  	
                     

                  
	2.	
                    Assignee:

                  	
                     

                  
	 	 	 
	
                     

                  	
                     

                  	
                    [and is an Affiliate/Approved Fund of [identify Lender]1

                  
	 	 	 
	3.	
                    Borrower(s):

                  	
                    Kirby Corporation

                  
	
                     

                  	
                     

                  	 

                  
	4.	
                    Administrative Agent:

                  	
                    JPMorgan Chase Bank, N.A., as the administrative agent under the Credit Agreement

                  

             

            

          

          

          

          
            

          
            
              
                
                   

                        

                  1 Select as applicable.

                

              

            

            

            

            
              
                

            

            
              	5.	
                      Credit Agreement:

                    	
                      The Amended and Restated Credit Agreement dated as of March 27, 2019 among Kirby Corporation, a Nevada corporation, the Lenders party thereto, JPMorgan
                        Chase Bank, N.A., as Administrative Agent, and the other agents parties thereto

                    
	
                       

                    	
                       

                    	
                       

                    
	6.	
                      Assigned Interest:

                    	 

                    

            

            

            

            
              	
                      Aggregate Amount of

                      Commitment/Loans for all 

                          Lenders

                    	 	 	
                      Amount of

                      Commitment/ 

                      Loans Assigned

                    	 	
                      Percentage

                      Assigned of 

                      Commitment/Loans2

                    	 
	
                      $

                    	 	 	 	
                      $

                    	
                       

                    	 	

                    	
                      %

                    	 
	
                      $

                    	 	 	 	
                      $

                    	
                       

                    	 	

                    	
                      %

                    	 
	
                      $

                    	 	 	 	
                      $

                    	
                       

                    	 	

                    	
                      %

                    	 

              

              

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

              

              

              [remainder of this page intentionally left blank]

              

                
                  

                   

                      

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

                

                 

                

                
                  
                    

                

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

                  

                  

                  	 	
                          ASSIGNOR

                        
	 	 	 
	 	
                          [NAME OF ASSIGNOR]

                        
	 	 	

                        
	 	
                          By:

                        	 
	 	 	 
	 	 	
                          Name:

                        
	 	 	 
	 	 	
                          Title:

                        
	 	 	 
	 	
                          ASSIGNEE

                        
	 	 	 
	 	
                          [NAME OF ASSIGNEE]

                        
	 	 	 
	 	
                          By:

                        	

                        
	 	 	 
	 	 	
                          Name:

                        
	 	 	 
	 	 	
                          Title:

                        

                  

                  

                  
                    
                      

                  

                

                
                  
                    Consented to and Accepted:

                    

                    

                    JPMORGAN CHASE BANK, N.A.,

                    as [Administrative Agent,]3 [Issuing Bank]4 and [Swingline Lender]5

                  

                  

                  

                  
                    	
                            By:

                          	 	 
	 	 	 
	

                          	
                            Name:

                          	 
	 	 
	 

                          	
                            Title:

                          	 

                     

                    

                  

                  
                    

                  
                     

                        

                    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 Administrative Agent is required by the terms of the Credit Agreement.

                  

                

                
                  
                        

                      

                  5
                    To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement.

                   

                  

                  
                    
                      

                  

                  
                    [Consented to:]6

                      

                    
                      

                      

                      
                        KIRBY CORPORATION

                         

                          

                      

                    

                  

                  
                    	
                            By:

                          	 	 
	 	 	 
	

                          	
                            Name:

                          	 
	 	 
	 

                          	
                            Title:

                          	 

                  

                

                 

                  

                 

                 
                  

                 

                    

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

                 

                  

                
                  
                    

                

                
                  ANNEX I

                  

                  

                  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) it is not an
                      Ineligible Institution, (iv) 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, (v) 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, 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.

                  

                  

                  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. Acceptance and adoption of the terms of this Assignment and Assumption by the Assignee and the Assignor by
                      Electronic Signature or delivery of an executed counterpart of a signature page of this Assignment and Assumption by any Electronic System 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 Texas.

                   

                    

                  
                    
                      

                  

                

                
                  EXHIBIT B

                  

                  

                  FORM OF BORROWING REQUEST

                   

                    

                  
                    	
                             

                          	
                             

                          	, 20	
                             

                          	
                             

                          

                  

                  

                  

                  JPMorgan Chase Bank, N.A., 

                  as Administrative Agent 

                  Loan Agency Services Group 

                  10 South Dearborn, L2 Floor 

                  Chicago, Illinois 60603

                  Attention: Stephen Chambers

                  

                  

                  
                    	 	
                            Re:

                          	
                            Kirby Corporation

                          

                  

                   

                    

                  Ladies and Gentlemen: 
                   

                    

                  Reference is made to the Amended and Restated Credit Agreement dated as of March 27, 2019 (as amended, restated,
                      amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Kirby Corporation (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. Terms defined in the Credit Agreement and not otherwise
                      defined herein are used herein with the meanings specified in the Credit Agreement. The Borrower hereby requests a Borrowing under the Credit Agreement, and, as required by Section 2.03 of the Credit Agreement, specifies the following information for such Borrowing (the “Proposed Borrowing”):

                  

                  

                  
                    
                      
                        
                          
                            (a)          The date of the Proposed
                                Borrowing (which shall be a Business Day) is__________________, 20____.

                          

                        

                      

                    

                  

                  

                  

                  
                    
                      (b)          The Type and amount of, and, in the case of a Eurodollar Borrowing, the Interest Period applicable to, the Loans comprising the Proposed Borrowing are:

                    

                  

                  

                  

                  
                    
                      	
                               

                            	
                               

                            	Eurodollar Loans in

                                an aggregate amount of $	
                               

                            	with an Interest Period of:

                    

                  

                  
                    
                      
                         

                         

                        

                      

                    

                  

                  
                    	 	
                             

                          	
                            one (1) month

                          
	 	
                             

                          	two (2) months
	 	
                             

                          	three (3) months
	 	
                             

                          	six (6) months

                     

                    

                  

                  
                    	
                             

                          	
                             

                          	ABR Loans in an aggregate amount of $	
                             

                          	.

                     

                    

                  

                  
                    
                      
                        
                          
                            (c)          The location and number of
                                account to which funds are to be disbursed is:

                          

                          
                             

                            

                            	
                                     

                                  	
                                     

                                  	
                                     

                                  
	
                                     

                                  	
                                     

                                  	
                                     

                                  

                          

                           

                          

                          
                            
                              

                          

                          
                            The Borrower hereby certifies that after giving effect to the Proposed Borrowing, the total Revolving Credit
                              Exposure will not exceed the total Commitments. The Borrower hereby further certifies that on the date hereof all applicable conditions to the Proposed Borrowing set forth in Article IV of the Credit Agreement have been
                              satisfied and that the Proposed Borrowing complies with the terms of the Credit Agreement, and by acceptance of the proceeds of the Proposed Borrowing, the Borrower will be deemed to have recertified the foregoing on the date
                              of the Proposed Borrowing.

                            

                            

                            
                              	
                                       

                                    	
                                      Sincerely,

                                    
	
                                       

                                    	
                                       

                                    	
                                       

                                    
	
                                       

                                    	
                                      
                                        KIRBY CORPORATION

                                      

                                    

                               

                              

                              
                                	
                                         

                                      	By:	
                                         

                                      
	
                                         

                                      	
                                        Name:

                                      	
                                         

                                      
	
                                         

                                      	
                                        Title:

                                      	
                                         

                                      

                              

                               

                              

                               

                            

                          

                          
                            
                              

                          

                          
                            EXHIBIT C

                            

                            

                            FORM OF INTEREST ELECTION REQUEST

                            

                            

                            
                              
                                	
                                         

                                      	
                                         

                                      	, 20	
                                         

                                      	
                                         

                                      

                              

                            

                            

                            

                            JPMorgan Chase Bank, N.A., 

                            as Administrative Agent 

                            Loan Agency Services Group 

                            10 South Dearborn, L2 Floor 

                            Chicago, Illinois 60603

                            Attention: Stephen Chambers

                             

                              

                            
                              
                                	 	
                                        Re:

                                      	
                                        Kirby Corporation

                                      

                              

                               

                                

                              Ladies and Gentlemen:  

                            

                            

                            Reference is made to the Amended and Restated Credit Agreement dated as of March 27, 2019 (as amended,
                                restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) among Kirby Corporation
                                (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent. Terms defined in the Credit Agreement
                                and not otherwise defined herein are used herein with the meanings specified in the Credit Agreement. The Borrower hereby gives notice of an election to [convert/continue] Loans under the Credit Agreement, and, as required by Section 2.07 of the
                                Credit Agreement, specifies the following information for such election:

                            

                              
                                
                                  
                                    
                                      
                                        (a)          The

                                              effective date of the election made pursuant to this Interest Election Request (which shall be a Business Day) is__________________, 20_______.

                                      

                                    

                                  

                                

                              

                            

                             

                              

                            
                              
                                (b)          The Loans to which this Interest Election Request applies are described as follows:

                              

                            

                            

                            

                            [Describe by Amount, Type and, if applicable, Interest Period]

                            

                            

                            
                              
                                (c)          The Loans described in clause (b) are to be [converted/continued] into a
                                    Borrowing of Loans of the Type, in the amounts, and, in the case of Eurodollar Loans, having the Interest Period described as follows:

                              

                            

                            

                            

                            
                              
                                
                                  	
                                           

                                        	
                                           

                                        	Eurodollar

                                              Loans comprising a Borrowing in an aggregate amount of $	
                                           

                                        	with an Interest Period of:

                                

                              

                            

                                 

                            
                              	 	
                                       

                                    	
                                      one (1) month

                                    
	 	
                                       

                                    	two (2) months
	 	
                                       

                                    	three (3) months
	 	
                                       

                                    	six (6) months

                            

                            
                              

                              

                              
                                	
                                         

                                      	
                                         

                                      	
                                        ABR Loans comprising a Borrowing in an
                                          aggregate amount of $

                                      	
                                         

                                      	.

                              

                              

                              

                            

                            
                              
                                

                            

                            The Borrower hereby certifies that on the date hereof the election made pursuant to this Interest
                                Election Request complies with the terms of the Credit Agreement, and the Borrower will be deemed to have recertified the foregoing on the effective date of the election made pursuant to this Interest Election Request.

                             

                              

                            
                              	
                                       

                                    	
                                      Sincerely,

                                    
	
                                       

                                    	
                                       

                                    	
                                       

                                    
	
                                       

                                    	
                                      
                                        KIRBY CORPORATION

                                      

                                    

                              

                              

                              	
                                       

                                    	By: 	
                                       

                                    
	
                                       

                                    	 Name:	
                                       

                                    
	 	Title:	 

                               

                              

                              
                                
                                  

                              

                            

                            
                              EXHIBIT D-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 Amended and Restated Credit Agreement dated as of March 27, 2019 (as amended, restated,
                                  amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Kirby Corporation, a Nevada
                                  corporation (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “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 any successor form) or IRS Form W- 8BEN-E (or any 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 D-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 Amended and Restated Credit Agreement dated as of March 27, 2019 (as amended, restated,
                                  amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Kirby Corporation, a Nevada
                                  corporation (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “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 any successor form) or IRS Form W-8BEN-E (or any 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 D-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 Amended and Restated Credit Agreement dated as of March 27, 2019 (as amended, restated,
                                  amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Kirby Corporation, a Nevada
                                  corporation (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “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 any 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 any successor form) or IRS Form W-8BEN-E (or any successor form) or (ii) an IRS Form
                                  W-8IMY (or any successor form) accompanied by an IRS Form W-8BEN (or any successor form) or IRS Form W-8BEN-E (or any successor form) 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.

                              

                              

                              [remainder of this page intentionally left blank]

                               

                                

                              
                                
                                  

                              

                              
                                
                                  
                                    [NAME OF PARTICIPANT]

                                  

                                   

                                  

                                  	
                                          By:

                                        	 	 
	 	 	 
	

                                        	
                                          Name:

                                        	 
	 	 
	 

                                        	
                                          Title:

                                        	 

                                

                              

                              
                                 

                                

                                	
                                        Date:

                                      	
                                         

                                      	, 20	
                                         

                                      	
                                         

                                      

                                 

                                

                                
                                  
                                    

                                

                                
                                  EXHIBIT D-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 Amended and Restated Credit Agreement dated as of March 27, 2019 (as amended,
                                      restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Kirby
                                      Corporation, a Nevada corporation (the “Borrower”), the Lenders party thereto and JPMorgan Chase Bank, N.A., as administrative
                                      agent (in such capacity, the “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 the 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 any 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 any successor form) or IRS Form W-8BEN-E (or any successor
                                      form) or (ii) an IRS Form W- 8IMY (or any successor form) accompanied by an IRS Form W-8BEN (or any successor form) or IRS Form W-8BEN-E (or any successor form) 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.

                                  

                                  

                                  [remainder of this page intentionally left blank]

                                   

                                    

                                  
                                    
                                      

                                  

                                

                                
                                  
                                    
                                      
                                        [NAME OF LENDER]

                                      

                                       

                                      

                                      	
                                              By:

                                            	 	 
	 	 	 
	

                                            	
                                              Name:

                                            	 
	 	 
	 

                                            	
                                              Title:

                                            	 

                                    

                                  

                                

                                 

                                

                                
                                  	
                                          Date:

                                        	
                                           

                                        	, 20	
                                           

                                        	
                                           

                                        

                                

                                 

                                

                                
                                  
                                    

                                

                                
                                  EXHIBIT E

                                  

                                  

                                  FORM OF INCREASING LENDER SUPPLEMENT

                                  

                                  

                                  INCREASING LENDER SUPPLEMENT, dated____________________, 20____(this “Supplement”), by and among each of the signatories hereto, to the Amended and Restated
                                      Credit Agreement, dated as of March 27, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Kirby Corporation, a Nevada corporation (the “Borrower”), the Lenders party
                                      thereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).

                                  

                                  

                                  W I T N E S S E T H

                                  

                                  

                                  WHEREAS, pursuant to Section 2.19 of the Credit Agreement, the Borrower has the right, subject to the terms and
                                      conditions thereof, to effectuate from time to time an increase in the Revolving Commitments and/or one or more tranches of Incremental Term Loans under the Credit Agreement by requesting one or more Lenders to
                                      increase the amount of its Revolving Commitment and/or to participate in such a tranche;

                                  

                                  

                                  WHEREAS, the Borrower has given notice to the Administrative Agent of its intention to [increase the Revolving
                                      Commitments] [and] [enter into a tranche of Incremental Term Loans] pursuant to such Section 2.19; and

                                  

                                  

                                  WHEREAS, pursuant to Section 2.19 of the Credit Agreement, the undersigned Increasing Lender now desires to
                                      [increase the amount of its Revolving Commitment] [and] [participate in a tranche of Incremental Term Loans] under the Credit Agreement by executing and delivering to the Borrower and the Administrative Agent this
                                      Supplement;

                                  

                                  

                                  NOW, THEREFORE, each of the parties hereto hereby agrees as follows:

                                  

                                  

                                  1.          The undersigned
                                      Increasing Lender agrees, subject to the terms and conditions of the Credit Agreement, that on the date of this Supplement it shall [increase its Revolving Commitment by $[___________], thereby making the aggregate
                                      amount of its total Revolving Commitments equal to $[__________]] [and] [participate in a tranche of Incremental Term Loans with a commitment amount equal to $[___________] with respect thereto].

                                  

                                  

                                  2.          The Borrower hereby
                                      represents and warrants that (a) the conditions set forth in paragraphs (a) and (b) of Section 4.02 of the Credit Agreement are satisfied as of the date hereof and (b) the Borrower is in compliance (on a pro forma
                                      basis) with the covenants contained in Section 6.10 of the Credit Agreement after giving effect to this Supplement.

                                  

                                  

                                  3.           Terms defined in the
                                      Credit Agreement shall have their defined meanings when used herein.

                                  

                                  

                                  4.           This Supplement shall
                                      be governed by, and construed in accordance with, the laws of the State of Texas.

                                    

                                   

                                    

                                  
                                    
                                      

                                  

                                  
                                    5.          This Supplement may
                                        be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute
                                        one and the same document.

                                    

                                    

                                    IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be executed and delivered by a duly authorized
                                      officer on the date first above written.

                                     

                                    

                                    
                                      
                                        
                                          
                                            	 	
                                                    [INSERT NAME OF INCREASING LENDER]

                                                  

                                            

                                            

                                            
                                              	
                                                       

                                                    	By:	
                                                       

                                                    
	
                                                       

                                                    	
                                                       

                                                    	
                                                       

                                                    
	
                                                       

                                                    	
                                                       

                                                    	
                                                      Name:

                                                    
	 	 	 
	 	 	
                                                      Title:

                                                    

                                            

                                            

                                            

                                          

                                        

                                      

                                    

                                    
                                      
                                        
                                          
                                            	
                                                    Accepted and agreed to as of the date first written above:

                                                  	 
	 	 	 
	
                                                    KIRBY CORPORATION

                                                  	 
	 	 	 
	
                                                    By:

                                                  	 	 
	 	 
	

                                                  	
                                                    Name:

                                                  	 
	 	 
	 

                                                  	
                                                    Title:

                                                  	 

                                          

                                        

                                      

                                    

                                     

                                    

                                    
                                      
                                        
                                          
                                            
                                              	
                                                      
                                                        Acknowledged as of the date first written above:

                                                      

                                                    	 
	 	 	 
	
                                                      
                                                        JPMORGAN CHASE BANK, N.A.,
                                                          as Administrative Agent

                                                        

                                                      

                                                    	 
	 	 	 
	
                                                      By:

                                                    	 	 
	 	 
	

                                                    	
                                                      Name:

                                                    	 
	 	 
	 

                                                    	
                                                      Title:

                                                    	 

                                            

                                          

                                        

                                      

                                    

                                    
                                      
                                         

                                      

                                    

                                     

                                    

                                  

                                  
                                    
                                      

                                  

                                

                                
                                  EXHIBIT F

                                  

                                  

                                  FORM OF AUGMENTING LENDER SUPPLEMENT

                                  

                                  

                                  AUGMENTING LENDER SUPPLEMENT, dated______________, 20_____(this “Supplement”), by and among each of the signatories hereto, to the Amended and Restated Credit
                                      Agreement, dated as of March 27, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit

                                          Agreement”), among Kirby Corporation, a Nevada corporation (the “Borrower”), the Lenders party thereto and JPMorgan
                                      Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).

                                  

                                  

                                  W I T N E S S E T H

                                  

                                  

                                  WHEREAS, the Credit Agreement provides in Section 2.19 thereof that any bank, financial institution or other entity
                                      may [extend Revolving Commitments] [and] [participate in tranches of Incremental Term Loans] under the Credit Agreement subject to the approval of the Borrower and the Administrative Agent, by executing and delivering
                                      to the Borrower and the Administrative Agent a supplement to the Credit Agreement in substantially the form of this Supplement; and

                                  

                                  

                                  WHEREAS, the undersigned Augmenting Lender was not an original party to the Credit Agreement but now desires to
                                      become a party thereto;

                                  

                                  

                                  NOW, THEREFORE, each of the parties hereto hereby agrees as follows:

                                  

                                  

                                  1.         The undersigned
                                      Augmenting Lender agrees to be bound by the provisions of the Credit Agreement and agrees that it shall, on the date of this Supplement, become a Lender for all purposes of the Credit Agreement to the same extent as if
                                      originally a party thereto, with a [Revolving Commitment with respect to Revolving Loans of $[______________]] [and] [a commitment with respect to Incremental Term Loans of $[___________]].

                                  

                                  

                                  2.          The undersigned
                                      Augmenting Lender (a) represents and warrants that (i) it is legally authorized to enter into this Supplement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be
                                      satisfied by it in order to become a Lender and (iii) it is not an Ineligible Institution; (b) confirms that 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 has reviewed such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Supplement;
                                      (c) agrees 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 deem appropriate at the time, continue to make its
                                      own credit decisions in taking or not taking action under the Credit Agreement or any other instrument or document furnished pursuant hereto or thereto; (d) appoints and authorizes the Administrative Agent to take such
                                      action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement or any other instrument or document furnished pursuant hereto or thereto as are delegated to the Administrative Agent
                                      by the terms thereof, together with such powers as are incidental thereto; and (e) agrees that it will be bound by the provisions of the Credit Agreement and will perform

                                  

                                    

                                  
                                    
                                      

                                  

                                  
                                    in accordance with its terms all the obligations which by the terms of the Credit Agreement are required to be
                                        performed by it as a Lender.

                                     

                                      

                                    3.          The undersigned’s
                                        address for notices for the purposes of the Credit Agreement is as follows:

                                    

                                      
                                        	[	
                                                 

                                              	
                                                ]

                                              
	[	
                                                 

                                              	]
	[	
                                                 

                                              	]

                                      

                                    

                                     

                                     

                                      

                                    4.          The Borrower hereby
                                        represents and warrants that (a) the conditions set forth in paragraphs (a) and (b) of Section 4.02 of the Credit Agreement are satisfied as of the date hereof and (b) the Borrower is in compliance (on a pro forma
                                        basis) with the covenants contained in Section 6.10 of the Credit Agreement after giving effect to this Supplement.

                                    

                                    

                                    5.           Terms defined in
                                        the Credit Agreement shall have their defined meanings when used herein.

                                    

                                    

                                    6.           This Supplement
                                        shall be governed by, and construed in accordance with, the laws of the State of Texas.

                                    

                                    

                                    7.           This Supplement may
                                        be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute
                                        one and the same document.

                                    

                                    

                                    [remainder of this page intentionally left blank]

                                     

                                    

                                    
                                      
                                        

                                    

                                  

                                

                                
                                  IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be executed and delivered by a duly authorized officer on
                                    the date first above written.

                                  

                                  

                                

                                
                                  
                                    
                                      
                                        
                                          	 	
                                                  
                                                    [INSERT NAME OF AUGMENTING LENDER]

                                                  

                                                

                                          

                                          

                                          	 	
                                                  By:

                                                	 
	 	 
	 	

                                                	
                                                  Name:

                                                
	 	 
	 	 

                                                	
                                                  Title:

                                                

                                        

                                      

                                    

                                  

                                

                                 

                                

                                
                                  
                                    
                                      
                                        
                                          	
                                                  Accepted and agreed to as of the date first written above:

                                                	 
	 	 	 
	
                                                  KIRBY CORPORATION

                                                	 
	 	 	 
	
                                                  By:

                                                	 	 
	 	 
	

                                                	
                                                  Name:

                                                	 
	 	 
	 

                                                	
                                                  Title:

                                                	 

                                        

                                      

                                    

                                  

                                

                                 

                                

                                
                                  
                                    
                                      
                                        
                                          
                                            	
                                                    
                                                      Acknowledged as of the date first written above:

                                                    

                                                  	 
	 	 	 
	
                                                    
                                                      JPMORGAN CHASE BANK, N.A.,
                                                        as Administrative Agent

                                                      

                                                    

                                                  	 
	 	 	 
	
                                                    By:

                                                  	 	 
	 	 
	

                                                  	
                                                    Name:

                                                  	 
	 	 
	 

                                                  	
                                                    Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00294-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00294-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00294-of-00352.parquet"}]]