Document:

Credit and Guaranty Agreement, dated as of November 15, 2011

 Exhibit 10.2 
 Execution Version 
 CREDIT AND GUARANTY AGREEMENT 

dated as of November 15, 2011 
 among 
 OZ MANAGEMENT LP, 

as Borrower 

OZ ADVISORS LP, 
 as Guarantor, 
 OZ ADVISORS II LP, 

as Guarantor, 
 CERTAIN OTHER GUARANTORS PARTY HERETO, 
 as Guarantors, 

VARIOUS LENDERS, 
 GOLDMAN SACHS LENDING PARTNERS LLC, 
 as Administrative Agent,

 and 
 GOLDMAN SACHS CREDIT PARTNERS L.P., 
 as Collateral Administrative
Agent 
 and 
 GOLDMAN SACHS LENDING PARTNERS LLC, 
 as Lead Arranger

  
  

$391,000,000 Senior Credit Facility 

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
			
	 SECTION 1.
	  	    DEFINITIONS AND INTERPRETATION	  	 	1	  
	         1.1.
	  	Definitions	  	 	1	  
	         1.2.
	  	Accounting Terms	  	 	24	  
	         1.3.
	  	Subject Transactions	  	 	25	  
	         1.4.
	  	Interpretation, etc.	  	 	25	  
	 SECTION 2.
	  	    LOANS	  	 	25	  
	         2.1.
	  	Loans	  	 	25	  
	         2.2.
	  	[Reserved]	  	 	26	  
	         2.3.
	  	[Reserved]	  	 	26	  
	         2.4.
	  	[Reserved]	  	 	26	  
	         2.5.
	  	Pro Rata Shares; Availability of Funds	  	 	26	  
	         2.6.
	  	Use of Proceeds	  	 	27	  
	         2.7.
	  	Evidence of Debt; Register; Lenders’ Books and Records; Notes	  	 	27	  
	         2.8.
	  	Interest on Loans	  	 	28	  
	         2.9.
	  	Conversion/Continuation	  	 	29	  
	         2.10.
	  	Default Interest	  	 	30	  
	         2.11.
	  	Fees	  	 	30	  
	         2.12.
	  	Scheduled Payments	  	 	30	  
	         2.13.
	  	Voluntary Prepayments	  	 	30	  
	         2.14.
	  	Mandatory Prepayments	  	 	31	  
	         2.15.
	  	Application of Prepayments	  	 	32	  
	         2.16.
	  	General Provisions Regarding Payments	  	 	32	  
	         2.17.
	  	Ratable Sharing	  	 	34	  
	         2.18.
	  	Making or Maintaining Eurodollar Rate Loans	  	 	34	  
	         2.19.
	  	Increased Costs; Capital Adequacy	  	 	36	  
	         2.20.
	  	Taxes; Withholding, etc.	  	 	38	  
	         2.21.
	  	Obligation to Mitigate	  	 	41	  
	         2.22.
	  	[Reserved]	  	 	41	  
	         2.23.
	  	Removal or Replacement of a Lender	  	 	41	  
	 SECTION 3.
	  	    CONDITIONS PRECEDENT	  	 	42	  
	         3.1.
	  	Closing Date	  	 	42	  
	         3.2.
	  	Further Conditions to All Loans	  	 	44	  
	         3.3.
	  	[Reserved]	  	 	44	  
	         3.4.
	  	Notices	  	 	44	  
	 SECTION 4.
	  	    REPRESENTATIONS AND WARRANTIES	  	 	45	  
	         4.1.
	  	Organization; Requisite Power and Authority; Qualification	  	 	45	  
	         4.2.
	  	Equity Interests and Ownership	  	 	45	  
	         4.3.
	  	Due Authorization	  	 	45	  
	         4.4.
	  	No Conflict	  	 	45	  
	         4.5.
	  	Governmental Consents	  	 	46	  
	         4.6.
	  	Binding Obligation	  	 	46	  
	         4.7.
	  	Historical Financial Statements	  	 	46	  

  
 i 

							
	         4.8.
	  	[Reserved]	  	 	46	  
	         4.9.
	  	No Material Adverse Change	  	 	47	  
	         4.10.
	  	[Reserved]	  	 	47	  
	         4.11.
	  	Adverse Proceedings, etc.	  	 	47	  
	         4.12.
	  	Payment of Taxes	  	 	47	  
	         4.13.
	  	Title to Properties	  	 	47	  
	         4.14.
	  	No Defaults	  	 	47	  
	         4.15.
	  	Governmental Regulation	  	 	47	  
	         4.16.
	  	Margin Stock	  	 	48	  
	         4.17.
	  	Employee Benefit Plans	  	 	48	  
	         4.18.
	  	Certain Fees	  	 	48	  
	         4.19.
	  	Solvency	  	 	48	  
	         4.20.
	  	Compliance with Statutes, etc.	  	 	48	  
	         4.21.
	  	Disclosure	  	 	49	  
	         4.22.
	  	PATRIOT Act	  	 	49	  
	 SECTION 5.
	  	    AFFIRMATIVE COVENANTS	  	 	49	  
	         5.1.
	  	Financial Statements and Other Reports	  	 	49	  
	         5.2.
	  	Existence	  	 	51	  
	         5.3.
	  	Payment of Taxes	  	 	51	  
	         5.4.
	  	Maintenance of Properties	  	 	51	  
	         5.5.
	  	Insurance	  	 	52	  
	         5.6.
	  	Books and Records; Inspections	  	 	52	  
	         5.7.
	  	[Reserved]	  	 	52	  
	         5.8.
	  	Compliance with Laws	  	 	52	  
	         5.9.
	  	[Reserved]	  	 	52	  
	         5.10.
	  	Subsidiaries; Collateral; Additional Guarantors	  	 	52	  
	         5.11.
	  	Additional Material Real Estate Assets	  	 	53	  
	         5.12.
	  	Further Assurances	  	 	54	  
	 SECTION 6.
	  	    NEGATIVE COVENANTS	  	 	54	  
	         6.1.
	  	Indebtedness	  	 	54	  
	         6.2.
	  	Liens	  	 	55	  
	         6.3.
	  	Restricted Junior Payments	  	 	57	  
	         6.4.
	  	Restrictions on OZ Subsidiary Distributions	  	 	58	  
	         6.5.
	  	Financial Covenants	  	 	58	  
	         6.6
	  	[Reserved]	  	 	59	  
	         6.7
	  	Fundamental Changes; Disposition of Assets	  	 	59	  
	         6.8
	  	[Reserved]	  	 	59	  
	         6.9
	  	[Reserved]	  	 	60	  
	         6.10
	  	Transactions with Shareholders and Affiliates	  	 	60	  
	         6.11
	  	Conduct of Business	  	 	60	  
	         6.12
	  	Repurchases and Prepayments under the Existing Credit Agreement	  	 	60	  
	         6.13
	  	Amendments or Waivers of Organizational Documents and Certain Agreements	  	 	60	  
	         6.14
	  	Fiscal Year	  	 	60	  
	 SECTION 7.
	  	    GUARANTY	  	 	60	  
	         7.1.
	  	Guaranty of the Obligations	  	 	60	  

  
 ii 

							
	         7.2.
	  	Contribution by Guarantors	  	 	61	  
	         7.3.
	  	Payment by Guarantors	  	 	61	  
	         7.4.
	  	Liability of Guarantors Absolute	  	 	62	  
	         7.5.
	  	Waivers by Guarantors	  	 	63	  
	         7.6.
	  	Guarantors’ Rights of Subrogation, Contribution, etc.	  	 	64	  
	         7.7.
	  	Subordination of Other Obligations	  	 	65	  
	         7.8.
	  	Continuing Guaranty	  	 	65	  
	         7.9.
	  	Authority of Guarantors or Borrower	  	 	65	  
	         7.10.
	  	Financial Condition of Borrower	  	 	65	  
	         7.11.
	  	Bankruptcy, etc.	  	 	65	  
	         7.12.
	  	Discharge of Guaranty Upon Sale of Guarantor	  	 	66	  
	 SECTION 8.
	  	    EVENTS OF DEFAULT	  	 	66	  
	         8.1.
	  	Events of Default	  	 	66	  
	         8.2.
	  	Borrowers Right to Cure	  	 	69	  
	 SECTION 9.
	  	    AGENT	  	 	69	  
	         9.1.
	  	Appointment of Administrative Agent	  	 	69	  
	         9.2.
	  	Powers and Duties	  	 	70	  
	         9.3.
	  	General Immunity	  	 	70	  
	         9.4.
	  	Administrative Agent Entitled to Act as Lender	  	 	71	  
	         9.5.
	  	Lenders’ Representations, Warranties and Acknowledgment	  	 	72	  
	         9.6.
	  	Right to Indemnity	  	 	72	  
	         9.7.
	  	Successor Administrative Agent	  	 	73	  
	         9.8.
	  	Collateral and Guaranty	  	 	73	  
	         9.9.
	  	Withholding Taxes	  	 	77	  
	 SECTION 10.
	  	    MISCELLANEOUS	  	 	77	  
	         10.1.
	  	Notices	  	 	77	  
	         10.2.
	  	Expenses	  	 	78	  
	         10.3.
	  	Indemnity	  	 	79	  
	         10.4.
	  	Set-Off	  	 	80	  
	         10.5.
	  	Amendments and Waivers	  	 	80	  
	         10.6.
	  	Successors and Assigns; Participations	  	 	82	  
	         10.7.
	  	Independence of Covenants	  	 	88	  
	         10.8.
	  	Survival of Representations, Warranties and Agreements	  	 	88	  
	         10.9.
	  	No Waiver; Remedies Cumulative	  	 	88	  
	         10.10.
	  	Marshalling; Payments Set Aside	  	 	88	  
	         10.11.
	  	Severability	  	 	89	  
	         10.12.
	  	Obligations Several; Independent Nature of Lenders’ Rights	  	 	89	  
	         10.13.
	  	Non-Recourse Nature of Obligations	  	 	89	  
	         10.14.
	  	Headings	  	 	89	  
	         10.15.
	  	APPLICABLE LAW	  	 	89	  
	         10.16.
	  	CONSENT TO JURISDICTION	  	 	90	  
	         10.17.
	  	WAIVER OF JURY TRIAL	  	 	90	  
	         10.18.
	  	Confidentiality	  	 	91	  
	         10.19.
	  	Usury Savings Clause	  	 	92	  
	         10.20.
	  	Counterparts	  	 	92	  
	         10.21.
	  	Effectiveness	  	 	92	  

  
 iii

							
	         10.22.
	  	PATRIOT Act	  	 	93	  
	         10.23.
	  	Electronic Execution of Assignments	  	 	93	  
	         10.24.
	  	No Fiduciary Duty	  	 	93	  

  

					
	APPENDICES:	  	A	 	Commitments
		  	B	 	Notice Addresses, Principal Office
			
	 SCHEDULES:
	  	1	 	OZ Funds
		  	3.1(h)	 	Collateral Documents
		  	4.1	 	Jurisdictions of Organization and Qualification
		  	4.2	 	Equity Interests and Ownership
		  	4.7	 	Liabilities
		  	4.12	 	Payment of Taxes
		  	6.4	 	Certain Restrictions on Subsidiary Distributions
			
	 EXHIBITS:
	  	A-l	 	Funding Notice
		  	A-2	 	Conversion/Continuation Notice
		  	B	 	Note
		  	C	 	Compliance Certificate
		  	D	 	[Intentionally Omitted]
		  	E-1	 	Assignment Agreement
		  	E-2	 	Borrower Assignment Agreement
		  	F	 	Certificate re Non-Bank Status
		  	G-l	 	Closing Date Certificate
		  	G-2	 	Solvency Certificate
		  	H	 	Counterpart Agreement
		  	I	 	Intercompany Note
		  	J	 	Amended and Restated Pledge and Security Agreement

  
 iv 

 CREDIT AND GUARANTY AGREEMENT 

This CREDIT AND GUARANTY AGREEMENT, dated as of November 15, 2011, is entered into by and among OZ MANAGEMENT LP, a
Delaware limited partnership (“Borrower”), as borrower, OZ ADVISORS LP, a Delaware limited partnership (“Advisors”), as a Guarantor, OZ ADVISORS II LP, a Delaware limited partnership (“Advisors
II”), as a Guarantor, CERTAIN OTHER GUARANTORS PARTY HERETO FROM TIME TO TIME, the Lenders party hereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC (“GSLP”), as Administrative Agent (together with
its permitted successors in such capacity, “Administrative Agent”), GOLDMAN SACHS CREDIT PARTNERS L.P., as Collateral Administrative Agent, and GOLDMAN SACHS LENDING PARTNERS LLC, as Lead Arranger. 

RECITALS: 

WHEREAS, capitalized terms used in these Recitals and the preamble to this Agreement shall have the respective meanings set forth
for such terms in Section 1.1 hereof; 
 WHEREAS, Lenders have agreed to extend certain senior secured credit
facilities to Borrower, in an aggregate principal amount not to exceed $391,000,000, the proceeds of which will be used by Borrower to (i) repurchase loans outstanding under its existing Amended and Restated Credit and Guaranty Agreement, dated
as of October 26, 2007 (as amended from time to time in accordance with the terms thereof, the “Existing Credit Agreement”, and the loans outstanding thereunder the “Existing Term Loans”), among the Borrower,
Advisors, Advisors II, the other Guarantors party thereto, Goldman Sachs Credit Partners L.P., as administrative agent, the lenders party thereto from time to time and the other agents and arrangers named therein, in accordance with the terms and
conditions set forth in the Buyback Amendment; (ii) after the expiration of the Blackout Period to make additional prepayments and repayments of the Existing Term Loans; (iii) to pay fees and expenses related to the forgoing; and
(iv) after all Existing Term Loans have been paid (or to the extent the remaining amount of the Commitments exceed the amount needed to pay the Existing Term Loans in full), for general corporate purposes. 

SECTION 1. DEFINITIONS AND INTERPRETATION 
 1.1. Definitions. The following terms used herein, including in the preamble, Recitals, Exhibits and Schedules hereto, shall have the following meanings: 

“Adjusted Eurodollar Rate” means, for any Interest Rate Determination Date with respect to an Interest
Period for a Eurodollar Rate Loan, the rate per annum obtained by dividing (i) (a) the rate per annum equal to the rate determined by Administrative Agent to be the offered rate which appears on the page of the Reuters Screen which
displays an average British Bankers Association Interest Settlement Rate (such page currently being LIBOR01 page) for deposits (for delivery on the first day of such period) with a term equivalent to such period in Dollars, determined as of
approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, or (b) in the event the rate referenced in the preceding clause (a) does not appear on such page or service or if such page or service shall
cease to be available, the rate 

 
per annum equal to the rate determined by Administrative Agent to be the offered rate on such other page or other service which displays an average British Bankers Association Interest Settlement
Rate for deposits (for delivery on the first day of such period) with a term equivalent to such period in Dollars, determined as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, or (c) in the
event the rates referenced in the preceding clauses (a) and (b) are not available, the rate per annum equal to the offered quotation rate to first class banks in the London interbank market by GSLP for deposits (for delivery on the first
day of the relevant period) in Dollars of amounts in same day funds comparable to the principal amount of the applicable Loan of Administrative Agent, in its capacity as a Lender, for which the Adjusted Eurodollar Rate is then being determined with
maturities comparable to such period as of approximately 11:00 a.m. (London, England time) on such Interest Rate Determination Date, by (ii) an amount equal to (a) one minus (b) the Applicable Reserve Requirement.

 “Administrative Agent” as defined in the preamble hereto. 

“Adverse Proceeding” means any action, suit, proceeding, hearing (whether administrative, judicial or otherwise),
governmental investigation or arbitration (whether or not purportedly on behalf of Borrower, Advisors, Advisors II, any New Advisor or any OZ Subsidiary) at law or in equity, or before or by any Governmental Authority, domestic or foreign, whether
pending or, to the knowledge of Borrower, Advisors, Advisors II, any New Advisor or any OZ Subsidiary, threatened in writing against Borrower, Advisors, Advisors II, any New Advisor or any OZ Subsidiary, or any property of Borrower, Advisors,
Advisors II, any New Advisor or any OZ Subsidiary. 
 “Advisors” as defined in the preamble hereto. 

“Advisors II” as defined in the preamble hereto. 

“Affected Lender” as defined in Section 2.18(b). 

“Affected Loans” as defined in Section 2.18(b). 

“Affiliate” means, as applied to any Person, any other Person directly or indirectly controlling, controlled by, or
under common control with, that Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled by” and “under common control with”), as
applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. 

“Agent Affiliates” as defined in Section 10.1(b)(iii). 

“Aggregate Amounts Due” as defined in Section 2.17. 

“Aggregate Payments” as defined in Section 7.2. 

“Agreement” means this Credit and Guaranty Agreement, dated as of November 15, 2011, as it may be amended,
restated, supplemented or otherwise modified from time to time. 

  
 2 

 “Applicable Margin” means a percentage, per annum, equal to (a) 0.50%
for any Base Rate Loans and (b) 1.50% for any Eurodollar Rate Loans. 
 “Applicable Reserve Requirement”
means, at any time, for any Eurodollar Rate Loan, the maximum rate, expressed as a decimal, at which reserves (including any basic marginal, special, supplemental, emergency or other reserves) are required to be maintained with respect thereto
against “Eurocurrency liabilities” (as such term is defined in Regulation D) under regulations issued from time to time by the Board of Governors or other applicable banking regulator. Without limiting the effect of the foregoing, the
Applicable Reserve Requirement shall reflect any other reserves required to be maintained by such member banks with respect to (i) any category of liabilities which includes deposits by reference to which the applicable Adjusted Eurodollar Rate
or any other interest rate of a Loan is to be determined, or (ii) any category of extensions of credit or other assets which include Eurodollar Rate Loans. A Eurodollar Rate Loan shall be deemed to constitute Eurocurrency liabilities and as
such shall be deemed subject to reserve requirements without benefits of credit for proration, exceptions or offsets that may be available from time to time to the applicable Lender. The rate of interest on Eurodollar Rate Loans shall be adjusted
automatically on and as of the effective date of any change in the Applicable Reserve Requirement. 
 “Approved
Electronic Communications” means any notice, demand, communication, information, document or other material that any Credit Party provides to Administrative Agent pursuant to any Credit Document or the transactions contemplated therein
which is distributed to the lenders by means of electronic communications pursuant to Section 10.1(b). 
 “Asset
Sale” means a sale, lease or sub-lease (as lessor or sublessor), sale and leaseback, assignment, conveyance, exclusive license (as licensor or sublicensor), transfer or other disposition to, or any exchange of property with, any Person
(other than Borrower or any Guarantor), in one transaction or a series of transactions, of all or any part of any Credit Party’s or any of the OZ Subsidiaries’ businesses, assets or properties of any kind, whether real, personal, or mixed
and whether tangible or intangible, whether now owned or hereafter acquired, leased or licensed, or any issuances or sale of the Equity Interests of any OZ Subsidiary, other than (i) inventory (or other assets) sold, leased or licensed out in
the ordinary course of business, (ii) dispositions of assets no longer used or useful in the conduct of business or the dispositions of accounts receivable in connection with the collection or compromise thereof, (iii) licenses,
sublicenses, leases or subleases granted to others not interfering in any material respect with the business of any Credit Party or OZ Subsidiary, (iv) dispositions of property to any Credit Party or OZ Subsidiary; provided that if the
transferor is a Credit Party, then the transferee must also be a Credit Party, (v) sales, leases or licenses of other assets for consideration of less than $5,000,000 with respect to any transaction or series of related transactions and less
than $10,000,000 in the aggregate during any Fiscal Year, (vi) sales or dispositions of Cash Equivalents for fair market value, (vii) Involuntary Dispositions and (viii) issuances by the Borrower, Advisors, Advisors II and/or any New
Advisor to any Person other than a Credit Party or an OZ Subsidiary of its Equity Interests or Class C Non-Equity Interests, as applicable. 

  
 3 

 “Assignment Agreement” means an Assignment and Assumption Agreement
substantially in the form of Exhibit E-1, with such amendments or modifications as may be approved by Administrative Agent. 
 “Assignment Effective Date” as defined in Section 10.6(b). 

“AUM” as defined in Section 6.5(a). 
 “Authorized Officer” means, as applied to any Person, any individual holding the position of chairman of the board (if an officer), chief executive officer, president or one of its vice
presidents (or the equivalent thereof), and such Person’s chief financial officer or treasurer. 
 “Availability
Period” as defined in Section 2.1(a). 
 “Bankruptcy Code” means Title 11 of the United
States Code entitled “Bankruptcy,” as now and hereafter in effect, or any successor statute. 

“Base Rate” means, for any day, a rate per annum equal to the greater of (i) the Prime Rate in
effect on such day and (ii) the Federal Funds Effective Rate in effect on such day plus  1/2 of 1%. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the effective day of such change in the Prime Rate or the Federal Funds
Effective Rate, respectively. 
 “Base Rate Loan” means a Loan bearing interest at a rate determined by
reference to the Base Rate. 
 “Beneficiary” means Administrative Agent, Lender and Lender Counterparty.

 “Blackout Period” as defined in Section 2.1(a). 

“Board of Governors” means the Board of Governors of the United States Federal Reserve System, or any successor thereto.

 “Borrower” as defined in the preamble hereto. 

“Borrower Assignment Agreement” means a Borrower Assignment and Assumption Agreement substantially in the
form of Exhibit E-2. 
 “Borrower Assignment Effective Date” as defined in
Section 10.6(i)(d). 
 “Borrower Loan Purchase” as defined in Section 10.6(i)(a).

 “Borrower Repurchase Transaction” shall have the meaning ascribed thereto in the Buyback
Amendment. 
 “Business Day” means (i) any day excluding Saturday, Sunday and any day which is a legal
holiday under the laws of the State of New York or is a day on which banking institutions located in such state are authorized or required by law or other governmental action 

  
 4 

 
to close and (ii) with respect to all notices, determinations, fundings and payments in connection with the Adjusted Eurodollar Rate or any Eurodollar Rate Loans, the term “Business
Day” shall mean any day which is a Business Day described in clause (i) and which is also a day for trading by and between banks in Dollar deposits in the London interbank market. 

“Buyback Amendment” means that certain Amendment and Waiver to Amended and Restated Credit and Guaranty Agreement dated
as of November 15, 2011, among the Borrower, Advisors, Advisors II, the other Guarantors party thereto, Goldman Sachs Credit Partners L.P., as administrative agent, and the lenders party thereto. 

“Capital Lease” means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that
Person as lessee that, in conformity with the accounting principles used in the preparation of the Historical Financial Statements, is or should be accounted for as a capital lease on the balance sheet of that Person. 

“Cash” means money, currency or a credit balance in any demand or Deposit Account. 

“Cash Equivalents” means, as at any date, (a) securities issued or directly and fully guaranteed or insured by the
United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof) having maturities of not more than twelve months from the date of acquisition, (b) time deposits
and certificates of deposit denominated in a Permitted Currency of (i) any Lender, (ii) any domestic commercial bank of recognized standing having capital and surplus in excess of $500,000,000 as of the date of the acquisition thereof or
(iii) any bank whose short term commercial paper rating from S&P is at least A 1 or the equivalent thereof or from Moody’s is at least P 1 or the equivalent thereof as of the date of the acquisition thereof (any such bank
being an “Approved Bank”), in each case with maturities of not more than 270 days from the date of acquisition, (c) commercial paper and variable or fixed rate notes issued by any Approved Bank (or by the parent company
thereof) or any variable rate notes issued by, or guaranteed by, any domestic corporation rated A 1 (or the equivalent thereof) or better by S&P or P 1 (or the equivalent thereof) or better by Moody’s and maturing within six
months of the date of acquisition, (d) repurchase agreements entered into by any Person with a bank or trust company (including any of the Lenders) or recognized securities dealer having capital and surplus in excess of $500,000,000, as of the
date of each respective transaction for direct obligations issued by or fully guaranteed by the United States in which such Person shall have a perfected first priority security interest (subject to no other Liens) and having, on the date of
purchase thereof, a fair market value of at least 100% of the amount of the repurchase obligations and (e) Investments, classified in accordance with the accounting principles used in the preparation of the Historical Financial Statements
as current assets, in money market investment programs registered under the Investment Company Act of 1940 which are administered by reputable financial institutions having capital of at least $500,000,000, as of the date of each respective
transaction and the portfolios of which are limited to investments of the character described in the foregoing subdivisions (a) through (d). 
 “Certificate re Non-Bank Status” means a certificate substantially in the form of Exhibit F. 

  
 5 

 “Change of Control” means, at any time, (i) Permitted Holders shall
cease to beneficially own and control, directly or indirectly, at least 20% on a fully diluted basis of the economic and voting interests in the Equity Interests of Borrower, Advisors and Advisors II; and (ii) any Person or
“group” (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) other than Permitted Holders shall have acquired beneficial ownership on a fully diluted basis of a percentage of the total voting and/or economic
interest in the Equity Interests of Borrower, Advisors and Advisors II greater than such percentage interests owned and controlled by Permitted Holders. 
 “Class A Shares” means the Class A limited liability company interests of the Issuer. 
 “Class C Non-Equity Interest” means a unit representing a non-equity interest in each of Borrower, Advisors and Advisors II on which discretionary income allocations may be
made to existing and future partners of Borrower, Advisors and Advisors II, as described in the S-l, and any comparable non-equity interest in New Advisor on which discretionary income allocation may be made to partners of any New Advisor.

 “Closing Date” means the date on which all conditions precedent in Section 3.1 are satisfied or have
been waived. 
 “Closing Date Certificate” means a Closing Date Certificate substantially in the form of
Exhibit G-l. 
 “Code” means the United States Internal Revenue Code of 1986, as amended to the date
hereof and from time to time hereafter, and any successor statute. 
 “Collateral” as defined in the Pledge and
Security Agreement. 
 “Collateral Administrative Agent” as defined in Section 9.8(a). 

“Collateral Documents” means the Pledge and Security Agreement, the Mortgages, the Intellectual Property Security
Agreements, if any, and all other instruments, documents and agreements delivered by any Credit Party pursuant to this Agreement or any of the other Credit Documents in order to grant to Collateral Administrative Agent, for the benefit of Secured
Parties, a Lien on any real, personal or mixed property of that Credit Party as security for the Obligations; provided that Collateral Documents shall in any event include all the documents referenced in Schedule 3.1(h) as amended or amended and
restated on or prior to the date hereof. 
 “Collateral Questionnaire” means a certificate in form satisfactory
to Administrative Agent that provides information with respect to the personal or mixed property of each Credit Party. 

“Combined Adjusted EBITDA” means, for any period, an amount determined for Credit Parties and the OZ Subsidiaries on a
combined basis equal to (i) Combined Net Income, plus, to the extent reducing Combined Net Income, the sum, without duplication, of amounts for (a) Combined Interest Expense, (b) provisions for taxes based on income,
(c) total 

  
 6 

 
depreciation expense, (d) total amortization expense, (e) other non-Cash charges reducing Combined Net Income (excluding any such non-Cash charge to the extent that it represents an
accrual or reserve for potential Cash charge in any future period or amortization of a prepaid Cash charge that was paid in a prior period) and (f) any non-recurring and unusual losses deducted in calculating Combined Net Income, minus
(ii) the sum of (a) other non-Cash gains increasing Combined Net Income for such period (excluding any such non-Cash gain to the extent it represents the reversal of an accrual or reserve for potential Cash gain in any prior period) and
(b) to the extent not deducted in determining Combined Net Income, any cash payments or distributions made on or with respect to the Class C Non-Equity Interests. Notwithstanding anything to the contrary herein, any impacts related to the
Restricted Junior Payments under Section 6.3(b) through (g) shall be disregarded in determining Combined Adjusted EBITDA. 
 “Combined Capital Expenditures” means, for any period, the aggregate of all expenditures of Credit Parties and the OZ Subsidiaries during such period determined on a combined basis that,
in accordance with the accounting principles used in the preparation of the Historical Financial Statements, are or should be included in “purchase of property and equipment” or similar items reflected in the combined statement of cash
flows of Credit Parties and the OZ Subsidiaries. 
 “Combined Economic Income” means, for any period, an amount
calculated on a combined basis for Credit Parties and the OZ Subsidiaries determined on the basis of economic income, in accordance with the methodology utilized to derive economic income in the Issuer’s quarterly earnings press releases
(including, if not included in such quarterly press releases, a separate certification from the financial officer of the Borrower, identifying for purposes of clause (iv) below, the amount of bonus compensation) equal to (i) management fee
revenues, less (ii) salaries and benefits less (iii) non-compensation expenses (excluding, for the avoidance of doubt, interest expenses) less (iv) any amount of bonus compensation expense during such period in
excess of an amount equal to 20% of total revenues for such period. 
 “Combined Interest Expense” means, for
any period, total interest expense (including that portion attributable to Capital Leases in accordance with the accounting principles used in the preparation of the Historical Financial Statements and capitalized interest) of Credit Parties and the
OZ Subsidiaries on a combined basis with respect to all outstanding Indebtedness of Credit Parties and the OZ Subsidiaries, including all commissions, discounts and other fees and charges owed with respect to letters of credit and net costs under
Interest Rate Agreements, but excluding, however, any amount not payable in Cash and any amounts referred to in Section 2.11 payable on or before the Closing Date. 
 “Combined Net Income” means, for any period, (i) the net income (or loss) of Credit Parties and the OZ Subsidiaries on a combined basis for such period taken as a single accounting
period determined in conformity with the accounting principles used in the preparation of the Historical Financial Statements, minus, to the extent not deducted in determining the net income pursuant to clause (i) above,
(ii) (a) the income (or loss) of any Person (other than an OZ Subsidiary) in which any other Person (other than Credit Parties or any of the OZ Subsidiaries) has a joint interest, except to the extent of the amount of dividends or other
distributions actually paid to a Credit Party or any of the OZ Subsidiaries by such Person 

  
 7 

 
during such period, (b) the income (or loss) of any Person accrued prior to the date it becomes an OZ Subsidiary or is merged into or consolidated with a Credit Party or any of the OZ
Subsidiaries or that Person’s assets are acquired by a Credit Party or any of the OZ Subsidiaries, (c) the income of any OZ Subsidiary to the extent that the declaration or payment of dividends or similar distributions by that OZ
Subsidiary of that income is not at the time permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that OZ Subsidiary, (d) any after-tax
gains or losses attributable to Asset Sales or returned surplus assets of any Pension Plan, and (e) (to the extent not included in clauses (a) through (d) above) any net extraordinary gains plus, to the extent deducted in
determining the net income pursuant to clause (i) above, any net extraordinary losses. 
 “Combined Total
Debt” means, as at any date of determination, the aggregate stated balance sheet amount of all Indebtedness of Credit Parties and the OZ Subsidiaries determined on a combined basis in accordance with the accounting principles used in the
preparation of the Historical Financial Statements. 
 “Commitment” means the commitment of a Lender to make or
otherwise fund Loans, and “Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject
to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Commitments as of the Closing Date is $391,000,000. 
 “Commitment Fee Percentage” means a percentage, per annum, equal to 0.75%. 
 “Compliance Certificate” means a Compliance Certificate substantially in the form of Exhibit C. 
 “Contractual Obligation” means, as applied to any Person, any provision of any Security issued by that Person or of any indenture, mortgage, deed of trust, contract, undertaking,
agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject. 
 “Contributing Guarantors” as defined in Section 7.2. 

“Conversion/Continuation Date” means the effective date of a continuation or conversion, as the case may be, as set
forth in the applicable Conversion/Continuation Notice. 
 “Conversion/Continuation Notice” means a
Conversion/Continuation Notice substantially in the form of Exhibit A-2. 
 “Counterpart Agreement” means
a Counterpart Agreement substantially in the form of Exhibit H delivered by a Credit Party pursuant to Section 5.10. 

“Credit Date” means the date of a Credit Extension. 

  
 8 

 “Credit Document” means any of this Agreement, the Notes, if any, the
Collateral Documents, when delivered, and all other documents, instruments or agreements executed and delivered by a Credit Party for the benefit of Administrative Agent, the Collateral Administrative Agent or any Lender in connection herewith.

 “Credit Extension” means the making of a Loan. 

“Credit Party” means Borrower and each Guarantor. 

“Currency Agreement” means any foreign exchange contract, currency swap agreement, futures contract, option contract,
synthetic cap or other similar agreement or arrangement, each of which is for the purpose of hedging the foreign currency risk associated with Borrower’ and the OZ Subsidiaries’ operations and not for speculative purposes. 

“Default” means a condition or event that, after notice or lapse of time or both, would constitute an Event of Default.

 “Deferred Amounts” means any amounts to be paid under any Deferred Fee Agreement (including deferred fees
and all amounts credited to any deferred fee account) with respect to any incentive fees that have been or will be deferred pursuant to any Deferred Fee Agreement to which the Borrower or any Guarantor is party payable to the Borrower or a Guarantor
by a Person (x) other than an OZ Subsidiary and (y) that is not organized under the laws of the United States or any of its political subdivisions (provided that no more than 50% per year of all incentive fees for services
performed for any year beginning after December 31, 2010 will be so deferred). 
 “Deferred Fee Agreement”
means an agreement pursuant to which fees for investment management services are deferred before they are earned. 

“Deposit Account” means a demand, time, savings, passbook or like account with a bank, savings and loan association,
credit union or like organization, other than an account evidenced by a negotiable certificate of deposit. 

“Disqualified Equity Interests” means any Equity Interest which, by its terms (or by the terms of any security or other
Equity Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (i) matures or is mandatorily redeemable (other than solely for Equity Interests which are not otherwise
Disqualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event
shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments), (ii) is redeemable at the option of the holder thereof (other than solely for Equity
Interests which are not otherwise Disqualified Equity Interests), in whole or in part, (iii) provides for the scheduled payments of dividends in cash, or (iv) is or becomes convertible into or exchangeable for Indebtedness or any other
Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is 91 days after the Maturity Date. For the avoidance of doubt, Disqualified Equity Interests shall not include Och-Ziff Operating
Group A Units or Och-Ziff Operating Group B Units. 

  
 9 

 “Distribution” means any distribution of the proceeds of the Loans
(including earnings thereon) to any of Borrower’s equity holders. 
 “Dollars” and the sign
“$” mean the lawful money of the United States of America. 
 “Domestic Subsidiary” means any
Material Subsidiary organized under the laws of the United States of America, any State thereof or the District of Columbia. 

“Economic Income Leverage Ratio” means the ratio as of the last day of any Fiscal Quarter of (i) Combined Total
Debt (net of Unrestricted Cash and Cash Equivalents) as of such day to (ii) Combined Economic Income for the four-Fiscal Quarter period ending on such date or most recently ended prior to such date of determination for which financial
statements have been delivered. 
 “Eligible Assignee” means, other than a natural Person, (i) any Lender,
any Affiliate of any Lender and any Related Fund (any two or more Related Funds being treated as a single Eligible Assignee for all purposes hereof), and (ii) any commercial bank, insurance company, investment or mutual fund or other entity
that is an “accredited investor” (as defined in Regulation D under the Securities Act) and which extends credit or buys loans; provided, no Affiliate of a Credit Party shall be an Eligible Assignee (except as permitted under
Section 10.6(i)). 
 “Employee Benefit Plan” means any “employee benefit plan” as defined in
Section 3(3) of ERISA which is or was sponsored, maintained or contributed to by, or required to be contributed by, a Credit Party, any of the OZ Subsidiaries or any of their respective ERISA Affiliates. 

“Equity Interests” means any and all shares, interests, participations or other equivalents (however designated) of
capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interests and membership interests, and any and all warrants, rights or options to purchase or other
arrangements or rights to acquire any of the foregoing, but excluding Class C Non-Equity Interests and Och-Ziff Operating Group D Units; provided that Equity Interests shall not include convertible Indebtedness prior to conversion.

 “Equity Offering” means the issuance of equity in a follow on offering of Class A shares of the Issuer
as contemplated by the Form S-3 Registration Statement filed with the SEC on November 15, 2011. 
 “ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any successor thereto. 

“ERISA Affiliate” means, as applied to any Person, (i) any corporation which is a member of a controlled group of
corporations within the meaning of Section 414(b) of the Code of which that Person is a member; (ii) any trade or business (whether or not incorporated) which is a member of a group of trades or businesses under common control within the
meaning of Section 414(c) of the Code of which that Person is a member; and (iii) any member of an 

  
 10 

 
affiliated service group within the meaning of Section 414(m) or (o) of the Code of which that Person, any corporation described in clause (i) above or any trade or business
described in clause (ii) above is a member. Any former ERISA Affiliate of a Credit Party or any of the OZ Subsidiaries shall continue to be considered an ERISA Affiliate of such Credit Party or any such OZ Subsidiary within the meaning of this
definition with respect to the period such entity was an ERISA Affiliate of such Credit Party or such OZ Subsidiary and with respect to liabilities arising after such period for which such Credit Party or such OZ Subsidiary could be liable under the
Code or ERISA. 
 “ERISA Event” means (i) a “reportable event” within the meaning of
Section 4043 of ERISA and the regulations issued thereunder with respect to any Pension Plan (excluding those for which the provision for 30-day notice to the PBGC has been waived by regulation); (ii) the failure to meet the minimum
funding standard of Section 412 of the Code with respect to any Pension Plan (whether or not waived in accordance with Section 412(d) of the Code) or the failure to make by its due date a required installment under Section 412(m) of
the Code with respect to any Pension Plan or the failure to make any required contribution to a Multiemployer Plan; (iii) the provision by the administrator of any Pension Plan pursuant to Section 4041(a)(2) of ERISA of a notice of intent
to terminate such plan in a distress termination described in Section 4041(c) of ERISA; (iv) the withdrawal by a Credit Party, any of the OZ Subsidiaries or any of their respective ERISA Affiliates from any Pension Plan with two or more
contributing sponsors or the termination of any such Pension Plan resulting in liability to a Credit Party, any of the OZ Subsidiaries or any of their respective Affiliates pursuant to Section 4063 or 4064 of ERISA; (v) the
institution by the PBGC of proceedings to terminate any Pension Plan, or the occurrence of any event or condition which can be reasonably expected to constitute grounds under ERISA for the termination of, or the appointment of a trustee to
administer, any Pension Plan; (vi) the imposition of liability on a Credit Party, any of the OZ Subsidiaries or any of their respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of
Section 4212(c) of ERISA; (vii) the withdrawal of a Credit Party, any of the OZ Subsidiaries or any of their respective ERISA Affiliates in a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA)
from any Multiemployer Plan if there is any potential liability therefor, or the receipt by a Credit Party, any of the OZ Subsidiaries or any of their respective ERISA Affiliates of notice from any Multiemployer Plan that it is in reorganization or
insolvency pursuant to Section 4241 or 4245 of ERISA, or that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA; (viii) the occurrence of an act or omission which could give rise to the
imposition on a Credit Party, any of the OZ Subsidiaries or any of their respective ERISA Affiliates of fines, penalties, taxes or related charges under Chapter 43 of the Code or under Section 409, Section 502(c), (i) or (1), or
Section 4071 of ERISA in respect of any Employee Benefit Plan; (ix) the assertion of a material claim (other than routine claims for benefits) against any Employee Benefit Plan other than a Multiemployer Plan or the assets thereof, or
against a Credit Party, any of the OZ Subsidiaries or any of their respective ERISA Affiliates in connection with any Employee Benefit Plan; (x) receipt from the Internal Revenue Service of notice of the failure of any Pension Plan (or any
other Employee Benefit Plan intended to be qualified under Section 401(a) of the Code) to qualify under Section 401(a) of the Code, or the failure of any trust forming part of any Pension Plan to qualify for exemption from taxation under
Section 501(a) of the Code; or (xi) the imposition of a Lien pursuant to Section 430(k) of the Code or Section 303(k) of ERISA or a violation of Section 436 of the Code. 

  
 11 

 “Eurodollar Rate Loan” means a Loan bearing interest at a rate determined
by reference to the Adjusted Eurodollar Rate. 
 “Event of Default” means each of the conditions or events set
forth in Section 8.1. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from
time to time, and any successor statute. 
 “Excluded Taxes” means with respect to Administrative Agent, any
Lender, or any other recipient of any payment to be made by or on account of any obligation hereunder or under any other Credit Document: (a) taxes imposed on or measured by its overall net income or gross receipts (however denominated), and
franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in
which its applicable lending office is located; (b) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction; (c) in the case of a Non-US Lender, any withholding tax that is imposed on
amounts payable to such Non-US Lender at the time such Non-US Lender becomes a party hereto (or designates a new lending office) or is attributable to such Non-US Lender’s failure or inability (other than as a result of a change in law after
the date on which such Lender becomes a party to this Agreement) to comply with Section 2.20(d), except to the extent that such Non-US Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or
assignment), to receive additional amounts from the Borrower or other Credit Party with respect to such withholding tax pursuant to Section 2.20(b); and (d) any Taxes imposed by FATCA. 

“Existing Credit Agreement” as defined in the Recitals. 

“Existing Term Loans” as defined in the Recitals. 

“Expense Allocation Agreement” means one or more agreements entered into among the Issuer, Och-Ziff Corp, Och-Ziff
Holding, the Borrower, Advisors and Advisors II providing for the allocation of certain expenses as described in the S-1, as the same may be amended, supplemented, modified or replaced from time to time. 

“Exposure” means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the
Loans of such Lender; provided, at any time prior to the termination of the Commitments, the Exposure of any Lender shall be equal to the sum of such Lender’s Loans and Commitment. 

“Fair Share Contribution Amount” as defined in Section 7.2. 

“Fair Share” as defined in Section 7.2. 
 “FATCA” means Sections 1471 through 1474 of the Code as in effect on the date of this Agreement (or any amended or successor provisions, provided such amended or successor provisions do
not place compliance or other burdens on the Lender (as determined in the reasonable judgment of the affected Lender) that are materially more onerous than the provisions 

  
 12 

 
in effect on the date of this Agreement) and any Treasury Regulations or other guidance promulgated thereunder. 
 “Federal Funds Effective Rate” means for any day, the rate per annum (expressed, as a decimal, rounded upwards, if necessary, to the next higher 1/100 of 1%) equal to the
weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding
such day; provided, (i) if such day is not a Business Day, the Federal Funds Effective Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and
(ii) if no such rate is so published on such next succeeding Business Day, the Federal Funds Effective Rate for such day shall be the average rate charged to Administrative Agent, in its capacity as a Lender, on such day on such transactions as
determined by Administrative Agent. 
 “Financial Officer Certification” means, with respect to the financial
statements for which such certification is required, the certification of the chief financial officer of Borrower that such financial statements fairly present, in all material respects, the financial condition of the Credit Parties and the OZ
Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments. 

“First Priority” means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral
Document, that such Lien is the only Lien to which such Collateral is subject, other than any Permitted Lien. 
 “Fiscal
Quarter” means a fiscal quarter of any Fiscal Year. 
 “Fiscal Year” means the fiscal year of the
Credit Parties and the OZ Subsidiaries ending on December 31 of each calendar year; provided the Fiscal Year of Och-Ziff India Private Limited shall end on March 31 of each calendar year. 

“Flood Hazard Property” means any Real Estate Asset subject to a mortgage in favor of Administrative Agent, for the
benefit of Secured Parties, and located in an area designated by the Federal Emergency Management Agency as having special flood or mud slide hazards. 
 “Foreign Subsidiary” means any Material Subsidiary that is not a Domestic Subsidiary. 
 “Free Cash Flow” means, for any period, an amount equal to (a) Combined Adjusted EBITDA for such period, less (b) the sum of (i) Combined Interest Expense for such period
plus (ii) Combined Capital Expenditures made during such period plus (iii) Permitted Tax Distributions during such period, plus (or minus) (c) the net realized gains (or losses) on investments during such period plus
(d) dividends and interest from investments. 
 “Funding Guarantors” as defined in Section 7.2.

  
 13 

 “Funding Notice” means a notice substantially in the form of
Exhibit A-l. 
 “GAAP” means, subject to the limitations on the application thereof set forth in
Section 1.2, United States generally accepted accounting principles in effect as of the date of determination thereof. 

“Governmental Acts” means any act or omission, whether rightful or wrongful, of any present or future de jure or de
facto government or Governmental Authority. 
 “Governmental Authority” means any federal, state, municipal,
national or other government, governmental department, commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity, officer or examiner exercising executive, legislative, judicial, regulatory or
administrative functions of or pertaining to any government or any court, in each case whether associated with a state of the United States, the United States, or a foreign entity or government. 

“Governmental Authorization” means any permit, license, authorization, plan, directive, consent order or consent decree
of or from any Governmental Authority. 
 “GSLP” as defined in the preamble hereto. 

“Guarantee” means, as to any Person, without duplication, (a) any obligation, contingent or otherwise, of such
Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other monetary obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and
including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other monetary obligation, (ii) to purchase or lease property, securities
or services for the purpose of assuring the obligee in respect of such Indebtedness or other monetary obligation of the payment or performance of such Indebtedness or other monetary obligation, (iii) to maintain working capital, equity capital
or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other monetary obligation, or (iv) entered into for the purpose of
assuring in any other manner the obligee in respect of such Indebtedness or other monetary obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any
assets of such Person securing any Indebtedness or other monetary obligation of any other Person, whether or not such Indebtedness or other monetary obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such
Indebtedness to obtain any such Lien); provided that the term “Guarantee” shall not include endorsements for collection or deposit, in either case in the ordinary course of business, or customary and reasonable indemnity obligations
in effect on the Closing Date or entered into in connection with any acquisition or disposition of assets permitted under this Agreement (other than such obligations with respect to Indebtedness). The amount of any Guarantee shall be deemed to be an
amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as
determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning. 

  
 14 

 “Guaranteed Obligations” as defined in Section 7.1. 

“Guarantor” means (i) Advisors, (ii) Advisors II, (iii) each New Advisor, (iv) each Subsidiary
(other than an OZ Fund or any of its Subsidiaries) of Borrower, Advisors or Advisors II, in each case party to this Agreement as a Guarantor on the Closing Date and (v) each Domestic Subsidiary of Borrower, Advisors, Advisors II or any New
Advisor, in each case that becomes a party to this Agreement pursuant to Section 5.10, unless, in the case of each such Domestic Subsidiary, (a) such Domestic Subsidiary being a Guarantor would require the consent of a third party or is
otherwise contractually prohibited or (b) such Domestic Subsidiary is not wholly owned by the Borrower, Advisors, Advisors II, any New Advisor or any other Guarantor or any of their Subsidiaries. 

“Guarantor Subsidiary” means each Guarantor that is a Subsidiary of Borrower, Advisors, Advisors II or any New Advisor.

 “Guaranty” means the guaranty of each Guarantor set forth in Section 7. 

“Hedge Agreement” means an Interest Rate Agreement or a Currency Agreement entered into with a Lender Counterparty and
satisfactory to Administrative Agent. 
 “Hedge Fund” means any hedge fund created after the Closing Date and
managed, directly or indirectly, by a Credit Party or any of its Subsidiaries or Affiliates or any of its investment advisors. 

“Highest Lawful Rate” means the maximum lawful interest rate, if any, that at any time or from time to time may be
contracted for, charged, or received under the laws applicable to any Lender which are presently in effect or, to the extent allowed by law, under such applicable laws which may hereafter be in effect and which allow a higher maximum nonusurious
interest rate than applicable laws now allow. 
 “Historical Financial Statements” means as of the Closing
Date, (i) the audited financial statements of Issuer and its Subsidiaries for the Fiscal Year ended December 31, 2010 consisting of consolidated balance sheets and the related consolidated statements of operations, shareholders’
equity and cash flows for such Fiscal Year, and (ii) the unaudited financial statements of the Issuer and its Subsidiaries as at September 30, 2011, consisting of a consolidated balance sheet and the related consolidated statements of
operations and cash flows for the nine-month period ending on such date, that fairly present, in all material respects, the financial condition of the Issuer and its Subsidiaries as at the date indicated and the results of their operations and their
cash flows for the period indicated, subject to changes resulting from audit and normal year-end adjustments. 

“Increased-Cost Lenders” as defined in Section 2.23. 

“Indebtedness”, as applied to any Person, means, without duplication, (i) all indebtedness for borrowed money;
(ii) that portion of obligations with respect to Capital Leases that is properly classified as a liability on a balance sheet in conformity with the accounting principles used in the preparation of the Historical Financial Statements;
(iii) notes payable and drafts accepted representing extensions of credit whether or not representing obligations for 

  
 15 

 
borrowed money; (iv) any obligation owed for all or any part of the deferred purchase price of property or services (other than (a) trade account payables in the ordinary course of
business and (b) any earn-out obligation until such obligation becomes a liability on the balance sheet of such Person in accordance with the accounting principles used in the preparation of the Historical Financial Statements and if not paid
after becoming due and payable); (v) all indebtedness (excluding prepaid interest thereon) secured by any Lien on any property or asset owned or held by that Person regardless of whether the indebtedness secured thereby shall have been assumed
by that Person or is nonrecourse to the credit of that Person; (vi) all reimbursement obligations arising under any letter of credit; (vii) Disqualified Equity Interests, (viii) net obligations of such Person in respect of any
exchange traded or over the counter derivative transaction, including any Interest Rate Agreement and Currency Agreement, whether entered into for hedging or speculative purposes; provided, in no event shall obligations under any Interest
Rate Agreement and any Currency Agreement be deemed “Indebtedness” for purposes of calculating the Economic Income Leverage Ratio; and (ix) all Guarantees of such Person in respect of any of the foregoing. Notwithstanding anything to
the contrary herein, accrued distributions to any Permitted Holder in respect of Deferred Income Distributions, Investment Distributions and 2007 Management Fee Distributions (in each case as defined in the S-l) shall not constitute
Indebtedness. 
 The amount of Indebtedness of any Person for purposes of clause (v) above shall be deemed to be equal to
the lesser of (i) the aggregate unpaid amount of such Indebtedness and (ii) the fair market value of the property encumbered thereby as determined by such Person in good faith. 

“Indemnified Liabilities” means, collectively, any and all liabilities, obligations, losses, damages (including natural
resource damages), penalties, claims, actions, judgments, suits, costs, expenses and disbursements of any kind or nature whatsoever (including the reasonable fees and disbursements of counsel for Indemnitees in connection with any investigative,
administrative or judicial proceeding or hearing commenced or threatened by any Person, whether or not any such Indemnitee shall be designated as a party or a potential party thereto, and any fees or expenses incurred by Indemnitees in enforcing
this indemnity), whether direct, indirect or consequential and whether based on any federal, state or foreign laws, statutes, rules or regulations (including securities and commercial laws, statutes, rules or regulations), on common law or
equitable cause or on contract or otherwise, that may be imposed on, incurred by, or asserted against any such Indemnitee, in any manner relating to or arising out of this Agreement or the other Credit Documents or the transactions contemplated
hereby or thereby (including the Lenders’ agreement to make Credit Extensions or the use or intended use of the proceeds thereof, or any enforcement of any of the Credit Documents (including any sale of, collection from, or other realization
upon any of the Collateral or the enforcement of the Guaranty)). 
 “Indemnitee” as defined in
Section 10.3(a). 
 “Initial Availability Date” means the date on which the initial sale of Class A
Shares under the Equity Offering is consummated. 

  
 16 

 “Intellectual Property Security Agreements” has the meaning assigned to
that term in the Pledge and Security Agreement. 
 “Intercompany Note” means a promissory note substantially in
the form of Exhibit I or otherwise in form and substance reasonably satisfactory to Administrative Agent evidencing Indebtedness owed among Credit Parties and the OZ Subsidiaries. 

“Interest Payment Date” means with respect to (i) any Loan that is a Base Rate Loan, each March 31,
June 30, September 30 and December 31 of each year, commencing on the first such date to occur after the Closing Date and the final maturity date of such Loan; and (ii) any Loan that is a Eurodollar Rate Loan, the last day of
each Interest Period applicable to such Loan; provided, in the case of each Interest Period of longer than three months “Interest Payment Date” shall also include each date that is three months, or an integral multiple thereof,
after the commencement of such Interest Period. 
 “Interest Period” means, in connection with a Eurodollar
Rate Loan, an interest period of one, two, three or six months (or nine or twelve months if the Lenders agree), as selected by Borrower in the applicable Funding Notice or Conversion/Continuation Notice, (i) initially, commencing on the Credit
Date or Conversion/Continuation Date thereof, as the case may be; and (ii) thereafter, commencing on the day on which the immediately preceding Interest Period expires; provided, (a) if an Interest Period would otherwise expire on a
day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day unless no further Business Day occurs in such month, in which case such Interest Period shall expire on the immediately preceding Business Day;
(b) any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall, subject to clause (c), of
this definition, end on the last Business Day of a calendar month and (c) no Interest Period with respect to any portion of the Loans shall extend beyond the Maturity Date. 

“Interest Rate Agreement” means any interest rate swap agreement, interest rate cap agreement, interest rate collar
agreement, interest rate hedging agreement or other similar agreement or arrangement, each of which is for the purpose of hedging the interest rate exposure associated with Credit Parties’ and the OZ Subsidiaries’ operations and not for
speculative purposes. 
 “Interest Rate Determination Date” means, with respect to any Interest Period, the
date that is two Business Days prior to the first day of such Interest Period. 
 “Involuntary Disposition”
means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property of a Credit Party or any OZ Subsidiary. 
 “Issuer” means Och-Ziff Capital Management Group LLC. 

“Joint Venture” means a joint venture, partnership or other similar arrangement, whether in corporate, partnership or
other legal form; provided, in no event shall any corporate Subsidiary of any Person be considered to be a Joint Venture to which such Person is a party. 

  
 17 

 “Lender” means each financial institution listed on the signature pages
hereto as a Lender, and any other Person that becomes a party hereto pursuant to an Assignment Agreement. 
 “Lender
Counterparty” means each Lender, Administrative Agent and each of their respective Affiliates counterparty to a Hedge Agreement (including any Person who is Administrative Agent or a Lender (and any Affiliate thereof) as of the date of
entering into such Hedge Agreement, as the case may be, but subsequently, after entering into a Hedge Agreement, ceases to be Administrative Agent or a Lender, as the case may be) including, without limitation, each such Affiliate that appoints
Administrative Agent as its agent and agrees to be bound by the Credit Documents as a Secured Party, subject to Section 9.8(c). 
 “Lien” means any lien, mortgage, pledge, assignment, security interest, charge or encumbrance of any kind (including any conditional sale or other title retention agreement) and any
preferential arrangement in the nature of a security interest having the practical effect of any of the foregoing. 

“Loan” means a loan made by a Lender to the Borrower pursuant to Section 2.1(a). 

“Margin Stock” as defined in Regulation U of the Board of Governors as in effect from time to time. 

“Material Adverse Effect” means a material adverse effect on and/or material adverse change with respect to (i) the
operations, business, properties, liabilities (actual or contingent) or financial condition of the Credit Parties and the OZ Subsidiaries taken as a whole; (ii) material impairment of the ability of any Credit Party to fully and timely perform
its Obligations hereunder; or (iii) the legality, validity, binding effect or enforceability against a Credit Party of a Credit Document to which it is a party. 
 “Material Real Estate Asset” means any fee-owned Real Estate Asset having a fair market value in excess of $500,000,000 as of the date of the acquisition thereof. 

“Material Subsidiary” means any OZ Subsidiary that either directly or indirectly through another OZ Subsidiary
(a) generates any revenues or cash flow of $5,000,000 or more in any Fiscal Year or (b) owns assets with an aggregate value greater than or equal to $15,000,000 (excluding the value of leasehold improvements up to an aggregate value of
$25,000,000); provided that “Material Subsidiary” shall not include 57 Aviation Services, LLC or the New Aviation Subsidiary (or any successor to such entity pursuant to any transaction permitted under Section 6.7).

 “Maturity Date” means the earlier of (i) the fifth anniversary of the Closing Date and (ii) the
date that all Loans shall become due and payable in full hereunder, whether by acceleration or otherwise. 

“Mortgage” means a Mortgage to be in form and substance reasonably satisfactory to Administrative Agent, as it may be
amended, supplemented or otherwise modified from time to time. 

  
 18 

 “Multiemployer Plan” means any Employee Benefit Plan which is a
“multiemployer plan” as defined in Section 3(37) of ERISA. 
 “NAIC” means The National
Association of Insurance Commissioners, and any successor thereto. 
 “Net Insurance/Condemnation Proceeds”
means an amount equal to: (i) any Cash payments or proceeds received by any Credit Party or any of the OZ Subsidiaries (a) under any casualty insurance policy in respect of a covered loss thereunder or (b) as a result of the taking of
any assets of any Credit Party or any of the OZ Subsidiaries by any Person pursuant to the power of eminent domain, condemnation or otherwise, minus (ii) (a) any actual costs and expenses incurred by any Credit Party or any of the
OZ Subsidiaries in connection with the adjustment or settlement of any claims of such Credit Party or such OZ Subsidiary in respect thereof, and (b) any bona fide direct and indirect costs and expenses incurred in connection with any sale of
such assets as referred to in clause (i)(b) of this definition, including income taxes payable as a result of any gain recognized in connection therewith. 
 “New Advisor” means any direct Subsidiary, other than an OZ Fund or any of its Subsidiaries, of which 100% of the shares of Voting Stock of such Subsidiary is at the time directly
beneficially owned, or the management of which is otherwise directly or indirectly controlled, by Issuer, Och-Ziff Holding Corporation or Och-Ziff Holding LLC, and such Subsidiary both (a) is engaged in substantially the same business and earns
fees on substantially the same basis as Borrower, Advisors or Advisors II and (b)(x) generates any revenues or cash flow of $5,000,000 or more in any Fiscal Year or (y) owns assets with an aggregate value greater than or equal to $15,000,000
(excluding the value of leasehold improvements up to an aggregate value of $25,000,000). 
 “New Aviation
Subsidiary” as defined in Section 6.1(n). 
 “Nonpublic Information” means information which has
not been disseminated in a manner making it available to investors generally, within the meaning of Regulation FD. 

“Non-US Lender” as defined in Section 2.20(d). 

“Note” means a promissory note in the form of Exhibit B, as it may be amended, restated, supplemented or otherwise
modified from time to time. 
 “Notice” means a Funding Notice or a Conversion/Continuation Notice. 

“Obligations” means all obligations of every nature of each Credit Party, including obligations from time to time owed
to Administrative Agent (including a former Administrative Agent or Collateral Administrative Agent), the Lenders or any of them and Lender Counterparties, under any Credit Document or Hedge Agreement, whether for principal, interest (including
interest which, but for the filing of a petition in bankruptcy with respect to such Credit Party, would have accrued on any Obligation, whether or not a claim is allowed against such Credit Party for such interest in the related bankruptcy
proceeding), reimbursement of amounts drawn under Letters of Credit, payments for early termination of Hedge Agreements, fees, expenses, indemnification or otherwise. 

  
 19 

 “Obligee Guarantor” as defined in Section 7.7. 

“Och-Ziff Corp” means Och-Ziff Holding Corporation, a Delaware corporation. 

“Och-Ziff Holding” means Och-Ziff Holding LLC, a Delaware limited liability company. 

“Och-Ziff Operating Group” shall have the meaning ascribed thereto in the audited financial statements in the
S-l. 
 “Och-Ziff Operating Group A Unit” means a Class A operating group unit in Borrower,
Advisors or Advisors II as described in the S-l, and any comparable unit designated as a Class A operating group unit for any New Advisor. 
 “Och-Ziff Operating Group B Unit” means a Class B operating group unit in Borrower, Advisors or Advisors II as described in the S-l, and any comparable unit designated as a
Class B operating group unit for any New Advisor. 
 “Och-Ziff Operating Group D Unit” means a
Class D operating group unit in Borrower, Advisors or Advisors II as described in Issuer’s most recent Form 10-K filed with the SEC, and any comparable unit designated as a Class D operating group unit for any New Advisor. 

“Offer Price” as defined in Section 10.6(i)(b)(i). 

“Organizational Documents” means (i) with respect to any corporation, its certificate or articles of incorporation
or organization, as amended, and its by-laws, as amended, (ii) with respect to any limited partnership, its certificate of limited partnership, as amended, and its partnership agreement, as amended, (iii) with respect to any general
partnership, its partnership agreement, as amended, and (iv) with respect to any limited liability company, its articles of organization, as amended, and its operating agreement, as amended. In the event any term or condition of this Agreement
or any other Credit Document requires any Organizational Document to be certified by a secretary of state or similar governmental official, the reference to any such “Organizational Document” shall only be to a document of a type
customarily certified by such governmental official. 
 “OZ Fund” means (a) each of the entities set forth
on Schedule 1 and any Subsidiaries of such entities and (b) any Private Equity Fund, Hedge Fund or any other public or private investment fund created after the Closing Date and managed, directly or indirectly, by a Credit Party or any of
its Subsidiaries or Affiliates or any of its investment advisors. 
 “OZ Subsidiary” means (i) any Person
that would constitute a New Advisor but for its failure to meet the criteria contained in clause (b) of the definition of “New Advisor”, and (ii) any Subsidiary of a Person described in clause (i) above and any Subsidiary of
a Credit Party, in each case other than an OZ Fund or any of its Subsidiaries. 
 “Participant Register” as
defined in Section 10.6(g)(i). 

  
 20 

 “PATRIOT Act” as defined in Section 3.1(l). 

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

“Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which is subject to Section 412 of
the Code or Section 302 of ERISA. 
 “Permitted Currency” means Japanese Yen, Euro, Hong Kong Dollar,
Swiss Franc and UK Sterling. 
 “Permitted Holders” means Daniel Och and any spouse and other immediate family
member of Daniel Och and his spouse (together with their lawful heirs, beneficial trusts, family partnerships, foundations, family limited liability companies or other charitable vehicles established for estate planning or charitable purposes and
the investment decisions of which are controlled directly or indirectly by one or more of them). 
 “Permitted
Liens” means each of the Liens permitted pursuant to Section 6.2. 
 “Permitted Tax
Distributions” as defined in Section 6.3(a). 
 “Person” means and includes natural persons,
corporations, limited partnerships, general partnerships, limited liability companies, limited liability partnerships, joint stock companies, Joint Ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or
other organizations, whether or not legal entities, and Governmental Authorities. 
 “Platform” as defined in
Section 5.1(i). 
 “Pledge and Security Agreement” means the Amended and Restated Pledge and Security
Agreement to be executed by Borrower and each Guarantor, substantially in the form of Exhibit J, as it may be amended, restated, supplemented or otherwise modified from time to time. 

“Prime Rate” means the rate of interest quoted in The Wall Street Journal, Money Rates Section as the Prime Rate
(currently defined as the base rate on corporate loans posted by at least 75% of the nation’s thirty (30) largest banks), as in effect from time to time. The Prime Rate is a reference rate and does not necessarily represent the lowest
or best rate actually charged to any customer. Administrative Agent or any other Lender may make commercial loans or other loans at rates of interest at, above or below the Prime Rate. 

“Principal Office” means such Person’s “Principal Office” as set forth on Appendix B, or such other
office or office of a third party or sub-agent, as appropriate, as such Person may from time to time designate in writing to Borrower, Administrative Agent and each Lender. 

  
 21 

 “Private Equity Fund” means any private equity fund created after the
Closing Date and managed, directly or indirectly, by a Credit Party or any of its Subsidiaries or Affiliates or any of its investment advisors. 
 “Pro Rata Share” means (i) with respect to all payments, computations and other matters relating to the Loan of any Lender, the percentage obtained by dividing (a) the Exposure
of that Lender by (b) the aggregate Exposure of all Lenders. 
 “Purchase Offer” as defined in
Section 10.6(i)(b)(i). 
 “Real Estate Asset” means, at any time of determination, any interest (fee,
leasehold or otherwise) then owned by any Credit Party in any real property; provided that, for the avoidance of doubt, such term shall not include an interest in any OZ Fund or its Subsidiaries. 

“Reconciliation Statement” as defined in Section 5.1(d). 

“Register” as defined in Section 2.7(b). 
 “Regulation D” means Regulation D of the Board of Governors, as in effect from time to time. 
 “Regulation FD” means Regulation FD as promulgated by the SEC under the Securities Act and Exchange Act as in effect from time to time. 

“Related Fund” means, with respect to any Lender that is an investment fund, any other investment fund that invests in
commercial loans and that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 
 “Replacement Lender” as defined in Section 2.23. 

“Required Secured Parties” shall have the meaning ascribed thereto in the Pledge and Security Agreement. 

“Requisite Lenders” means one or more Lenders having or holding Exposure and representing more than 50% of the
aggregate Exposure of all Lenders. Notwithstanding the foregoing, (x) so long as any Lender holds 50% or more of the aggregate Exposure of all Lenders (but less than 100% of the aggregate Exposure), Requisite Lenders shall mean such Lender
and one other Lender. 
 “Restricted Junior Payment” means (i) any dividend or other distribution, direct
or indirect, on account of any Equity Interests of Borrower, Advisors, Advisors II or any New Advisor now or hereafter outstanding; (ii) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value,
direct or indirect, of any Equity Interests of Borrower, Advisors, Advisors II or any New Advisor now or hereafter outstanding; (iii) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights
to acquire Equity Interests of Borrower, Advisors, Advisors II or any New Advisor now or 

  
 22 

 
hereafter outstanding; and (iv) management or similar fees payable to Och-Ziff Corp, Och-Ziff Holding or any of their respective Affiliates (other than Credit Parties or the OZ
Subsidiaries). 
 “S-l” means the Form S-1 Registration Statement of the Issuer initially filed with the SEC on
July 2, 2007, as amended to date. 
 “Sales Offer” as defined in Section 10.6(i)(b)(ii). 

“SEC” means the Securities and Exchange Commission. 

“Secured Parties” has the meaning assigned to that term in the Pledge and Security Agreement. 

“Securities” means any stock, shares, partnership interests, voting trust certificates, certificates of interest or
participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments commonly known
as “securities” or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing. 

“Securities Act” means the Securities Act of 1933, as amended from time to time, and any successor statute.

 “Solvency Certificate” means a Solvency Certificate of the chief financial officer of Och-Ziff Corp.
substantially in the form of Exhibit G-2. 
 “Solvent” means, with respect to any Person on any date of
determination, (a) the fair value of the Property of such Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person, (b) the present fair salable value of the assets of
such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person is not engaged in a business or a transaction, and is not about to
engage in a business or a transaction, for which such Person’s Property would constitute unreasonably small capital and (d) such Person does not intend to, and does not believe that it will, incur debts beyond such Person’s ability to
pay as such debts mature in their ordinary course. In computing the amount of contingent liabilities at any time, it is intended that such liabilities will be computed at the amount which, in light of all of the facts and circumstances existing at
such time, represents the amount that can reasonably be expected to become an actual or matured liability. 
 “Specified
Equity Contribution” as defined in Section 8.2. 
 “Subject Transaction” as defined in
Section 1.3. 
 “Subsidiary” of a Person means a corporation, partnership, joint venture, limited
liability company or other business entity of which a majority of the shares of Voting Stock is at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both,
by such Person. 

  
 23 

 “Tax” means any present or future tax, levy, impost, duty, assessment,
charge, fee, deduction or withholding of any nature and whatever called, by whomsoever, on whomsoever and wherever imposed, levied, collected, withheld or assessed. 
 “Tax Distribution Event of Default” means (a) any Event of Default under Section 8.1(a), (f) or (g), and (b) a breach by Borrower under Section 6.1, 6.2,
6.3, 6.5 or 6.7 that results in a Default or Event of Default. 
 “Termination Date” means the earliest to
occur of (i) July 2, 2012 (effective at the close of business on such date); (ii) if Commitments are fully funded prior to the date set forth in clause (i), the last Credit Date; (iii) the date the Commitments are permanently reduced
to zero pursuant to Section 2.13(b), and (iv) the date of termination of the Commitments pursuant to Section 8.1; provided however, notwithstanding anything herein to the contrary, if the Transactions have not been
consummated by December 30, 2011 the Termination Date will be December 30, 2011. 
 “Terminated
Lender” as defined in Section 2.23. 
 “Transactions” means (a) the Equity Offering
generating gross proceeds of at least $250,000,000 and (b) the prepayment or repurchase (or a commitment by the Borrower satisfactory to the Administrative Agent to promptly prepay or repurchase in a manner acceptable to the Administrative
Agent) of the Existing Term Loans with the proceeds of the Equity Offering (in an amount not less than the net proceeds of the Equity Offering) pursuant to the Borrower Repurchase Transaction. 

“Type of Loan” means a Base Rate Loan or a Eurodollar Rate Loan. 

“UCC” means the Uniform Commercial Code (or any similar or equivalent legislation) as in effect in any applicable
jurisdiction. 
 “U.S. Lender” as defined in Section 2.20(d). 

“Unrestricted Cash and Cash Equivalents” means all Cash and Cash Equivalents not restricted as described in SEC
Regulation S-X Rule 7-03(a)(2). 
 “Voting Stock” means, with respect to any Person, Equity Interests issued by
such Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though the right so to vote has been suspended by the
happening of such a contingency. 
 1.2. Accounting Terms. Except as otherwise expressly provided herein, all accounting
terms not otherwise defined herein shall have the meanings assigned to them in conformity with GAAP. Financial statements and other information required to be delivered by Borrower to Administrative Agent pursuant to Section 5.1(a)
and 5.1(b) shall be prepared substantially in accordance with GAAP (and delivered together with the reconciliation statements provided for in Section 5.1(d), if applicable). Subject to the foregoing, calculations in connection with the
definitions, covenants and other provisions hereof shall utilize accounting principles and policies in conformity with those used to prepare the Historical Financial 

  
 24 

 
Statements. Notwithstanding anything to the contrary contained herein, all calculations with respect to definitions, covenants and other provisions hereof shall be made without giving effect to
FASB ASC 825 (Financial Instruments) or proposed Accounting Standards Update (ASU) Leases (Topic 840) issued August 17, 2010 or any successor proposal. 
 1.3. Subject Transactions. With respect to any period during which an acquisition or an Asset Sale has occurred (each, a “Subject Transaction”), for purposes of determining the
Economic Income Leverage Ratio, Combined Adjusted EBITDA and Combined Economic Income shall be calculated with respect to such period on a pro forma basis (including pro forma adjustments arising out of events which are directly attributable to a
specific transaction, are factually supportable and are expected to have a continuing impact, in each case determined on a basis consistent with Article 11 of Regulation S-X promulgated under the Securities Act and as interpreted by the
staff of the SEC, which would include cost savings resulting from head count reduction, closure of facilities and similar restructuring charges, which pro forma adjustments shall be certified by the chief financial officer of Borrower) using the
historical audited financial statements of any business so acquired or to be acquired or sold or to be sold and the consolidated financial statements of Credit Parties and the OZ Subsidiaries which shall be reformulated as if such Subject
Transaction, and any Indebtedness incurred or repaid in connection therewith, had been consummated or incurred or repaid at the beginning of such period (and assuming that such Indebtedness bears interest during any portion of the applicable
measurement period prior to the relevant acquisition at the weighted average of the interest rates applicable to outstanding Loans incurred during such period). 
 1.4. Interpretation, etc. Any of the terms defined herein may, unless the context otherwise requires, be used in the singular or the plural, depending on the reference. References herein to any
Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise specifically provided. The use herein of the word “include” or “including”, when
following any general statement, term or matter, shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting
language (such as “without limitation” or “but not limited to” or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that fall within the broadest possible
scope of such general statement, term or matter. The terms “lease” and “license” shall include “sub-lease” and “sub-license,” as applicable. 
 SECTION 2. LOANS 
 2.1. Loans. 

(a) Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, during the period commencing on
the Initial Availability Date and ending on the Termination Date (“Availability Period”), Loans to Borrower in an aggregate amount equal to such Lender’s Commitment; provided that (i) a borrowing may be made on the Initial
Availability Date only if the net Cash proceeds from the Equity Offering are not sufficient to consummate the Borrower Repurchase Transaction and to pay related fees and expenses, and such borrowing may only be for an amount needed to complete the
Borrower Repurchase 

  
 25 

 
Transaction and pay such related fees and expenses, after all net Cash proceeds from the Equity Offering have been applied thereto; (ii) after the Initial Availability Date, no borrowing may
be made hereunder during the period that is six months after the Initial Availability Date (the “Blackout Period”) and (iii) Borrower may make only three borrowings hereunder. 

Any amount borrowed under this Section 2.1(a) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13(a)
and 2.14, all amounts owed hereunder with respect to the Loans shall be paid in full no later than the Maturity Date. Each Lender’s Commitment shall terminate immediately and without further action on the Termination Date. 

(b) Borrowing Mechanics for Loans. 
 (i) Borrower shall deliver to Administrative Agent a fully executed Funding Notice no later than three Business Day prior to the applicable Credit Date in the case of Eurodollar Rate Loans and no later
than one Business Day prior to the applicable Credit Date in the case of Base Rate Loans. Promptly upon receipt by Administrative Agent of such Funding Notice, Administrative Agent shall notify each Lender of the proposed borrowing; provided
that, if a borrowing is made on the Initial Availability Date, Borrower shall deliver to Administrative Agent a fully executed Funding Notice no later than one Business Day prior to such date. 

(ii) Each Lender shall make its Loan available to Administrative Agent not later than 12:00 noon (New York City time)
on the applicable Credit Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent shall make the
proceeds of the Loans available to Borrower on the applicable Credit Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by Administrative Agent from Lenders to be credited to the account of
Borrower at the Principal Office designated by Administrative Agent or to such other account as may be designated in writing to Administrative Agent by Borrower. 

(iii) Each borrowing shall be for a minimum amount of $10,000,000. 

2.2. [Reserved]. 
 2.3. [Reserved]. 
 2.4. [Reserved]. 

2.5. Pro Rata Shares; Availability of Funds. 
 (a) Pro Rata Shares. All Loans shall be made, by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being understood that no Lender shall be responsible for any
default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder nor shall any Commitment of any Lender be increased or decreased as a result of a default by any other Lender in such other Lender’s
obligation to make a Loan requested hereunder. 

  
 26 

 (b) Availability of Funds. Unless Administrative Agent shall have been notified by
any Lender prior to the applicable Credit Date that such Lender does not intend to make available to Administrative Agent the amount of such Lender’s Loan requested on such Credit Date, Administrative Agent may assume that such Lender has made
such amount available to Administrative Agent on such Credit Date and Administrative Agent may, in its sole discretion, but shall not be obligated to, make available to Borrower a corresponding amount on such Credit Date. If such corresponding
amount is not in fact made available to Administrative Agent by such Lender, Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender together with interest thereon, for each day from such Credit Date
until the date such amount is paid to Administrative Agent, at the customary rate set by Administrative Agent for the correction of errors among banks for three Business Days and thereafter at the Base Rate. If such Lender does not pay such
corresponding amount forthwith upon Administrative Agent’s demand therefor, Administrative Agent shall promptly notify Borrower and Borrower shall immediately pay such corresponding amount to Administrative Agent together with interest thereon,
for each day from the Closing Date until the date such amount is paid to Administrative Agent, at the rate payable hereunder for Base Rate Loans. Nothing in this Section 2.5(b) shall be deemed to relieve any Lender from its obligation to
fulfill its Commitments hereunder or to prejudice any rights that Borrower may have against any Lender as a result of any default by such Lender hereunder. 
 2.6. Use of Proceeds. The proceeds of the Loans shall be applied by the Borrower to (i) repurchase the Existing Term Loans in accordance with the terms and conditions set forth in the Buyback
Amendment; (ii) after the expiration of the Blackout Period to make additional prepayments and repayments of the Existing Term Loans; (iii) pay fees and expenses related to the forgoing and (iv) after all Existing Term Loans have been
paid (or to the extent the remaining amount of the Commitments exceed the amount needed to prepay the Existing Term Loans in full), for general corporate purposes. No portion of the proceeds of any Credit Extension shall be used in any manner that
causes or might cause such Credit Extension or the application of such proceeds to violate Regulation T, Regulation U or Regulation X of the Board of Governors or any other regulation thereof or to violate the Exchange Act.

 2.7. Evidence of Debt; Register; Lenders’ Books and Records; Notes. 

(a) Lenders’ Evidence of Debt. Each Lender shall maintain on its internal records an account or accounts evidencing the
Obligations of Borrower to such Lender, including the amounts of the Loans made by it and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on Borrower, absent manifest error; provided,
that the failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Commitments or Borrower’s Obligations in respect of any applicable Loans; and provided further, in the event of any
inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern. 
 (b)
Register. Administrative Agent (or its agent or sub-agent appointed by it) shall maintain at its Principal Office a register for the recordation of the names and addresses of Lenders and the Commitments and Loans of each Lender from time to
time (the “Register”). The Register shall be available for inspection by Borrower or any Lender (with respect to any entry relating to such Lender’s Loans) at any reasonable time and from time to time upon

  
 27 

 
reasonable prior notice. Administrative Agent shall record, or shall cause to be recorded, in the Register the Commitments and the Loans in accordance with the provisions of Section 10.6,
and each repayment or prepayment in respect of the principal amount of the Loans, and any such recordation shall be conclusive and binding on Borrower and each Lender, absent manifest error; provided, failure to make any such recordation, or
any error in such recordation, shall not affect any Lender’s Commitments or Borrower’s Obligations in respect of any Loan. Borrower hereby designates GSLP to serve as Borrower’s non-fiduciary agent solely for purposes of maintaining
the Register as provided in this Section 2.7, and Borrower hereby agrees that, to the extent GSLP serves in such capacity, GSLP and its officers, directors, employees, agents, sub-agents and affiliates shall constitute “Indemnitees.”

 (c) Notes. If so requested by any Lender by written notice to Borrower (with a copy to Administrative Agent) at least
two Business Days prior to the Closing Date, or at any time thereafter, Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to
Section 10.6) on the Closing Date (or, if such notice is delivered after the Closing Date, promptly after Borrower’s receipt of such notice) a Note or Notes to evidence such Lender’s Loan. 

2.8. Interest on Loans. 
 (a) Except as otherwise set forth herein, each Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as
follows: 
 (i) in the case of a Base Rate Loan, at the Base Rate plus the Applicable Margin; or 

(ii) in the case of a Eurodollar Rate Loan, at the Adjusted Eurodollar Rate plus the Applicable Margin. 

(b) The basis for determining the rate of interest with respect to any Loan and the Interest Period with respect to any Eurodollar Rate
Loan, shall be selected by Borrower and notified to Administrative Agent and Lenders pursuant to the applicable Funding Notice or Conversion/Continuation Notice, as the case may be. If on any day a Loan is outstanding with respect to which a Funding
Notice or Conversion/Continuation Notice has not been delivered to Administrative Agent in accordance with the terms hereof specifying the applicable basis for determining the rate of interest, then for that day such Loan shall be a Eurodollar Rate
Loan with an Interest Period of three (3) months. 
 (c) In connection with Eurodollar Rate Loans there shall be no more
than ten (10) Interest Periods outstanding at any time. So long as no Default or Event of Default shall have occurred and be continuing, in the event Borrower fails to specify between a Base Rate Loan or a Eurodollar Rate Loan in the applicable
Funding Notice or Conversion/Continuation Notice, such Loan (if outstanding as a Base Rate Loan) will be automatically converted into a Eurodollar Rate Loan on the last day of the then-current Interest Period for such Loan (or if outstanding as a
Eurodollar Rate Loan will remain as, or (if not then outstanding) will be made as, a Eurodollar Rate Loan with an Interest Period of three (3) months). In the event Borrower 

  
 28 

 
fails to specify an Interest Period for any Eurodollar Rate Loan in the applicable Funding Notice or Conversion/Continuation Notice, Borrower shall be deemed to have selected an Interest Period
of three (3) months. As soon as practicable after 10:00 a.m. (New York City time) on each Interest Rate Determination Date, Administrative Agent shall determine (which determination shall, absent manifest error, be final, conclusive and
binding upon all parties) the interest rate that shall apply to the Eurodollar Rate Loans for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone
confirmed in writing) to Borrower and each Lender. 
 (d) Interest payable pursuant to Section 2.8(a) shall be computed
(i) in the case of Base Rate Loans on the basis of a 365-day or 366-day year, as the case may be, and (ii) in the case of Eurodollar Rate Loans, on the basis of a 360-day year, in each case for the actual number of days
elapsed in the period during which it accrues. In computing interest on any Loan, the date of the making of such Loan or the first day of an Interest Period applicable to such Loan or the last Interest Payment Date or, with respect to a Base Rate
Loan being converted from a Eurodollar Rate Loan, the date of conversion of such Eurodollar Rate Loan to such Base Rate Loan, as the case may be, shall be included, and the date of payment of such Loan or the expiration date of an Interest Period
applicable to such Loan or, with respect to a Base Rate Loan being converted to a Eurodollar Rate Loan, the date of conversion of such Base Rate Loan to such Eurodollar Rate Loan, as the case may be, shall be excluded; provided, if a Loan is
repaid on the same day on which it is made, one day’s interest shall be paid on that Loan. 
 (e) Except as otherwise set
forth herein, interest on each Loan shall accrue on a daily basis and shall be payable in arrears (i) on each Interest Payment Date with respect to interest accrued on and to each such payment date; (ii) upon any prepayment of that Loan,
whether voluntary or mandatory, to the extent accrued on the amount being prepaid; and (iii) at maturity of the Loans, including final maturity of the Loans; provided, however, with respect to any voluntary prepayment of a Base Rate
Loan, accrued interest shall instead be payable on the applicable Interest Payment Date. 
 2.9. Conversion/Continuation.

 (a) Subject to Section 2.18 and so long as no Default or Event of Default shall have occurred and then be continuing,
Borrower shall have the option: 
 (i) to convert at any time all or any part of any Loan equal to $2,500,000 and
integral multiples of $500,000 in excess of that amount from one Type of Loan to another Type of Loan; provided, a Eurodollar Rate Loan may only be converted on the expiration of the Interest Period applicable to such Eurodollar Rate Loan
unless Borrower shall pay all amounts due under Section 2.18 in connection with any such conversion; or 

(ii) upon the expiration of any Interest Period applicable to any Eurodollar Rate Loan, to continue all or any portion of
such Loan equal to $2,500,000 and integral multiples of $500,000 in excess of that amount as a Eurodollar Rate Loan. 

  
 29 

 (b) Borrower shall deliver a Conversion/Continuation Notice to Administrative Agent no later
than 12:00 noon (New York City time) at least one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three Business Days in advance of the proposed conversion/continuation date
(in the case of a conversion to, or a continuation of, a Eurodollar Rate Loan). Except as otherwise provided herein, a Conversion/Continuation Notice for conversion to, or continuation of, any Eurodollar Rate Loans (or telephonic notice in lieu
thereof to be confirmed in writing) shall be irrevocable on and after the related Interest Rate Determination Date, and Borrower shall be bound to effect a conversion or continuation in accordance therewith. 

2.10. Default Interest. Upon the occurrence and during the continuance of an Event of Default under Section 8.1(a), any
overdue amounts shall thereafter bear interest (including post-petition interest in any proceeding under the Bankruptcy Code or other applicable bankruptcy laws) payable on demand at a rate that is 2% per annum in excess of the interest rate
otherwise payable hereunder with respect to the applicable Loans (or, in the case of any such fees and other amounts, at a rate which is 2% per annum in excess of the interest rate otherwise payable hereunder for Base Rate Loans);
provided, in the case of Eurodollar Rate Loans, upon the expiration of the Interest Period in effect at the time any such increase in interest rate is effective such Eurodollar Rate Loans shall thereupon become Base Rate Loans and shall
thereafter bear interest payable upon demand at a rate which is 2% per annum in excess of the interest rate otherwise payable hereunder for Base Rate Loans. Payment or acceptance of the increased rates of interest provided for in this
Section 2.10 is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Administrative Agent or any Lender. 

2.11. Fees. Borrower agrees to pay to Lenders commitment fees equal to (1) the average of the daily difference between
(A) the Commitments and (B) the aggregate principal amount of all outstanding Loans times (2) the Commitment Fee Percentage. All fees referred to in this Section 2.11(a) shall accrue during the Availability Period and be paid to
Administrative Agent at its Principal Office and, upon receipt, Administrative Agent shall promptly distribute to each Lender its Pro Rata Share thereof, and (b) shall be calculated on the basis of a 360-day year and the actual number of days
elapsed and shall be payable quarterly in arrears on the last Business Day of March, June, September and December, as applicable, during the Availability Period. 
 2.12. Scheduled Payments. The principal amount of the Loans shall be repaid in consecutive quarterly installments (each, an “Installment”) each in the amount of 0.25% of the
aggregate principal amount of Loans outstanding on the last day of each Fiscal Quarter which ends after the Initial Availability Date (or first Credit Date to occur after the Closing Date if no Loans are funded on the Initial Availability Date),
with the remaining balance due on the Maturity Date. Notwithstanding the foregoing, (x) such Installments shall be reduced in connection with any voluntary or mandatory prepayments of the Loans in accordance with Sections 2.13, 2.14
and 2.15, as applicable; and (y) the Loans, together with all other amounts owed hereunder with respect thereto, shall, in any event, be paid in full no later than the Maturity Date. 

2.13. Voluntary Prepayments. 

  
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 (a) At any time and from time to time: 

(i) with respect to Base Rate Loans, Borrower may prepay any such Loans on any Business Day in whole or in part, in an
aggregate minimum amount of $1,000,000 and integral multiples of $500,000 in excess of that amount; and 
 (ii)
with respect to Eurodollar Rate Loans, Borrower may prepay any such Loans on any Business Day in whole or in part in an aggregate minimum amount of $2,500,000 and integral multiples of $500,000 in excess of that amount. 

All such prepayments under this clause (a) shall be made: 

(i) upon not less than one Business Day’s prior written or telephonic notice in the case of Base Rate Loans; and

 (ii) upon not less than three Business Days’ prior written or telephonic notice in the case of Eurodollar
Rate Loans; 
 in each case given to Administrative Agent by 12:00 noon (New York City time) on the date required and, if given by
telephone, promptly confirmed in writing to Administrative Agent (and Administrative Agent will promptly transmit such telephonic or original notice for the Loans by telefacsimile or telephone to each Lender). Upon the giving of any such notice, the
principal amount of the Loans specified in such notice shall become due and payable on the prepayment date specified therein; provided that Borrower may condition such notice on the occurrence of a specified refinancing event and, if such
event shall not have occurred, Borrower may rescind such notice and the principal amount of the Loans specified in such notice shall not become due and payable on such prepayment date. Any such voluntary prepayment shall be applied as specified in
Section 2.15(a). 
 (b) Voluntary Commitment Reductions. 

(i) Borrower may, in its sole discretion, upon not less than three Business Days’ prior written or telephonic notice
promptly confirmed by delivery of written notice thereof to Administrative Agent (which original written notice Administrative Agent will promptly transmit by telefacsimile or telephone to each applicable Lender), at any time and from time to time
terminate in whole or permanently reduce in part, without premium or penalty, the Commitments; provided, any such partial reduction of the Commitments shall be in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000
in excess of that amount. 
 (ii) Borrower’s notice to Administrative Agent shall designate the date (which
shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Commitments shall be effective on the date specified in Borrower’s notice and shall reduce the
Commitment of each Lender proportionately to its Pro Rata Share thereof. 
 2.14. Mandatory Prepayments. 

  
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 (a) Insurance/Condemnation Proceeds. No later than ten Business Days following the
date of receipt by Credit Parties or any of the OZ Subsidiaries, or Administrative Agent as loss payee, of any Net Insurance/Condemnation Proceeds, Borrower shall prepay the Loans as set forth in Section 2.15(a) in an aggregate amount equal to
the product of (x) such Net Insurance/Condemnation Proceeds times (y) the quotient of the outstanding principal amount of Loans outstanding on such date divided by the sum of the outstanding principal amount of Loans and Existing Term
Loans outstanding on such date; provided that, so long as no Event of Default shall have occurred and be continuing, Borrower shall have the option, directly or through one or more OZ Subsidiaries to invest such Net Insurance/Condemnation
Proceeds within one year of receipt thereof in assets useful to the business of Credit Parties and the OZ Subsidiaries, which investment may include the repair, restoration or replacement of the applicable assets thereof. 

(b) Prepayment Certificate. Concurrently with any prepayment of the Loans pursuant to Section 2.14(a), Borrower shall deliver
to Administrative Agent a certificate of an Authorized Officer demonstrating the calculation of the amount of the applicable Net Insurance/Condemnation Proceeds. In the event that Borrower shall subsequently determine that the actual amount received
exceeded the amount set forth in such certificate, Borrower shall promptly make an additional prepayment of the Loans based on the formula set forth in Section 2.14(a) above, and Borrower shall concurrently therewith deliver to Administrative
Agent a certificate of an Authorized Officer demonstrating the derivation of such excess. 
 2.15. Application of
Prepayments. 
 (a) Application of Prepayments of Loans. Any prepayment of any Loan pursuant to Section 2.13(a)
or Section 2.14(a) shall be applied on a pro rata basis to reduce the remaining outstanding principal amounts of the Loans. 
 (b) Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans. Any prepayment of Loans shall be applied first to Base Rate Loans to the full extent thereof before application
to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.18(c). 
 2.16. General Provisions Regarding Payments. 
 (a) All payments by Borrower
of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, set-off or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 2:00 p.m. (New
York City time) on the date due at the Principal Office designated by Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds received by Administrative Agent after that time on such due date shall be
deemed to have been paid by Borrower on the next succeeding Business Day. 
 (b) All payments in respect of the principal amount
of any Loan shall be accompanied by payment of accrued interest on the principal amount being repaid or prepaid, and all such payments (and, in any event, any payments in respect of any Loan on a date when interest is due and payable with respect to
such Loan) shall be applied to the payment of interest then due and payable before application to principal. 

  
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 (c) Administrative Agent (or its agent or sub-agent appointed by it) shall promptly
distribute to each Lender at such address as such Lender shall indicate in writing, such Lender’s applicable Pro Rata Share of all payments and prepayments of principal and interest due hereunder, together with all other amounts due thereto,
including all fees payable with respect thereto, to the extent received by Administrative Agent. 
 (d) Notwithstanding the
foregoing provisions hereof, if any Conversion/Continuation Notice is withdrawn as to any Affected Lender or if any Affected Lender makes Base Rate Loans in lieu of its Pro Rata Share of any Eurodollar Rate Loans, Administrative Agent shall give
effect thereto in apportioning payments received thereafter. 
 (e) Subject to the proviso set forth in the definition of
“Interest Period”, whenever any payment to be made hereunder with respect to any Loan shall be stated to be due on a day that is not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time
shall be included in the computation of the payment of interest hereunder. 
 (f) Administrative Agent shall deem any payment by
or on behalf of Borrower hereunder that is not made in same day funds prior to 2:00 p.m. (New York City time) to be a non-conforming payment. Any such payment shall not be deemed to have been received by Administrative Agent until the later of
(i) the time such funds become available funds, and (ii) the applicable next Business Day. Administrative Agent shall give prompt telephonic notice to Borrower and each applicable Lender (confirmed in writing) if any payment is
non-conforming. Any non-conforming payment may constitute or become a Default or Event of Default in accordance with the terms of Section 8.1(a). Interest shall continue to accrue on any principal as to which a non-conforming payment is made
until such funds become available funds (but in no event less than the period from the date of such payment to the next succeeding applicable Business Day) at the rate determined pursuant to Section 2.10 from the date such amount was due and
payable until the date such amount is paid in full. 
 (g) If an Event of Default shall have occurred and not otherwise been
waived, and the maturity of the Obligations shall have been accelerated pursuant to Section 8.1, all payments or proceeds received by Administrative Agent hereunder or Collateral Administrative Agent pursuant to the Collateral Documents, in
each case, in respect of any of the Obligations (including that portion of the proceeds of Collateral that are to be distributed with respect to the Obligations under the terms of the Pledge and Security Agreement and the other Collateral Documents)
shall be applied as follows: 
 first, to the payment of all costs and expenses of such sale, collection
or other realization of any Collateral, including reasonable compensation to Administrative Agent and its agents and counsel, and all other expenses, liabilities and advances made or incurred by Administrative Agent in connection therewith, and all
amounts for which Administrative Agent is entitled to indemnification hereunder (in its capacity as Administrative Agent and not as a Lender) and all advances made by Administrative Agent hereunder for the account of the applicable grantor, and to
the payment of all costs and expenses paid or incurred by Administrative Agent in connection with the exercise of 

  
 33 

 
any right or remedy hereunder or under the Credit Agreement, all in accordance with the terms hereof and the Collateral Documents; 

second, to the extent of any excess of such proceeds, to the payment of all other Obligations for the ratable
benefit of the Lenders and the Lender Counterparties; and 
 third, to the extent of any excess of such
payments or proceeds, to the payment to or upon the order of whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct. 
 2.17. Ratable Sharing. Lenders hereby agree among themselves that, except as otherwise provided in the Collateral Documents with respect to amounts realized from the exercise of rights with respect
to Liens on the Collateral, if any of them shall, whether by voluntary payment (other than a voluntary prepayment of Loans made and applied in accordance with the terms hereof), through the exercise of any right of set-off or banker’s lien, by
counterclaim or cross action or by the enforcement of any right under the Credit Documents or otherwise, or as adequate protection of a deposit treated as cash collateral under the Bankruptcy Code, receive payment or reduction of a proportion of the
aggregate amount of principal, interest, fees and other amounts then due and owing to such Lender hereunder or under the other Credit Documents (collectively, the “Aggregate Amounts Due” to such Lender) which is greater than the
proportion received by any other Lender in respect of the Aggregate Amounts Due to such other Lender, then the Lender receiving such proportionately greater payment shall (a) notify Administrative Agent and each other Lender of the receipt of
such payment and (b) apply a portion of such payment to purchase participations (which it shall be deemed to have purchased from each seller of a participation simultaneously upon the receipt by such seller of its portion of such payment) in
the Aggregate Amounts Due to the other Lenders so that all such recoveries of Aggregate Amounts Due shall be shared by all Lenders in proportion to the Aggregate Amounts Due to them; provided, if all or part of such proportionately greater
payment received by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of Borrower or otherwise, those purchases shall be rescinded and the purchase prices paid for such participations shall be
returned to such purchasing Lender ratably to the extent of such recovery, but without interest. Borrower expressly consents to the foregoing arrangement and agrees that any holder of a participation so purchased may exercise any and all rights of
banker’s lien, set-off or counterclaim with respect to any and all monies owing by Borrower to that holder with respect thereto as fully as if that holder were owed the amount of the participation held by that holder. The provisions of this
Section 2.17 shall not be construed to apply to (a) any payment made by Borrower pursuant to and in accordance with the express terms of this Agreement or (b) any payment obtained by any Lender as consideration for the assignment or
sale of a participation in any of its Loans or other Obligations owed to it. 
 2.18. Making or Maintaining Eurodollar Rate
Loans. 
 (a) Inability to Determine Applicable Interest Rate. In the event that Administrative Agent shall have
determined (which determination shall be final and conclusive and binding upon all parties hereto), on any Interest Rate Determination Date with respect to any Eurodollar Rate Loans, that by reason of circumstances affecting the London interbank
market 

  
 34 

 
adequate and fair means do not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition of “Adjusted Eurodollar Rate”,
Administrative Agent shall on such date give notice (by telefacsimile or by telephone confirmed in writing) to Borrower and each Lender of such determination, whereupon (i) no Loans may be made as, or converted to, Eurodollar Rate Loans until
such time as Administrative Agent notifies Borrower and Lenders that the circumstances giving rise to such notice no longer exist, and (ii) any Funding Notice or Conversion/Continuation Notice given by Borrower with respect to the Loans in
respect of which such determination was made shall be deemed to be rescinded by Borrower. 
 (b) Illegality or
Impracticability of Eurodollar Rate Loans. In the event that on any date any Lender shall have determined (which determination shall be final and conclusive and binding upon all parties hereto but shall be made only after consultation with
Borrower and Administrative Agent) that the making, maintaining or continuation of its Eurodollar Rate Loans (i) has become unlawful as a result of compliance by such Lender in good faith with any law, treaty, governmental rule, regulation,
guideline or order (or would conflict with any such treaty, governmental rule, regulation, guideline or order not having the force of law even though the failure to comply therewith would not be unlawful), or (ii) has become impracticable, as a
result of contingencies occurring after the Closing Date which materially and adversely affect the London interbank market or the position of such Lender in that market, then, and in any such event, such Lender shall be an “Affected
Lender” and it shall on that day give notice (by email, telefacsimile or by telephone confirmed in writing) to Borrower and Administrative Agent of such determination (which notice Administrative Agent shall promptly transmit to each other
Lender). If Administrative Agent receives a notice from (x) any Lender pursuant to clause (i) of the preceding sentence or (y) Lenders constituting Requisite Lenders pursuant to clause (ii) of the preceding sentence, then
(1) the obligation of the Lenders (or, in the case of any notice pursuant to clause (i) of the preceding sentence, such Affected Lender) to make Loans as, or to convert Loans to, Eurodollar Rate Loans shall be suspended until such notice
shall be withdrawn by the Affected Lender, (2) to the extent such determination by the Affected Lender relates to a Eurodollar Rate Loan then being requested by Borrower pursuant to the Funding Notice or a Conversion/Continuation Notice, the
Lenders (or in the case of any notice pursuant to clause (i) of the preceding sentence, such Affected Lender) shall make such Loan as (or continue such Loan as or convert such Loan to, as the case may be) a Base Rate Loan, (3) the
Lenders’ (or in the case of any notice pursuant to clause (i) of the preceding sentence, such Affected Lender’s) obligation to maintain their respective outstanding Eurodollar Rate Loans (the “Affected Loans”) shall
be terminated at the earlier to occur of the expiration of the Interest Period then in effect with respect to the Affected Loans or when required by law, and (4) the Affected Loans shall automatically convert into Base Rate Loans on the date of
such termination. Notwithstanding the foregoing, to the extent a determination by an Affected Lender as described above relates to a Eurodollar Rate Loan then being requested by Borrower pursuant to the Funding Notice or a Conversion/Continuation
Notice, Borrower shall have the option, subject to the provisions of Section 2.18(c), to rescind the Funding Notice or Conversion/Continuation Notice as to all Lenders by giving notice (by telefacsimile or by telephone confirmed in writing) to
Administrative Agent of such rescission on the date on which the Affected Lender gives notice of its determination as described above (which notice of rescission Administrative Agent shall promptly transmit to each other Lender). Except as provided
in the immediately preceding sentence, nothing in this Section 2.18(b) shall affect the obligation of any Lender other than an 

  
 35 

 
Affected Lender to make or maintain Loans as, or to convert Loans to, Eurodollar Rate Loans in accordance with the terms hereof. 

(c) Compensation for Breakage or Non-Commencement of Interest Periods. Borrower shall compensate each Lender, upon written request
by such Lender (which request shall set forth the basis for requesting such amounts), for all reasonable losses, expenses and liabilities (including any interest paid or payable by such Lender to Lenders of funds borrowed by it to make or carry its
Eurodollar Rate Loans and any loss, expense or liability sustained by such Lender in connection with the liquidation or re-employment of such funds but excluding loss of anticipated profits) which such Lender may sustain: (i) if for any reason
(other than a default by such Lender) a borrowing of any Eurodollar Rate Loan does not occur on a date specified therefor in a Funding Notice or a telephonic request for borrowing, or a conversion to or continuation of any Eurodollar Rate Loan does
not occur on a date specified therefor in a Conversion/Continuation Notice or a telephonic request for conversion or continuation; (ii) if any prepayment or other principal payment of, or any conversion of, any of its Eurodollar Rate Loans
occurs on a date prior to the last day of an Interest Period applicable to that Loan; or (iii) if any prepayment of any of its Eurodollar Rate Loans is not made on any date specified in a notice of prepayment given by Borrower. 

(d) Booking of Eurodollar Rate Loans. Any Lender may make, carry or transfer Eurodollar Rate Loans at, to, or for the account of
any of its branch offices or the office of an Affiliate of such Lender. 
 (e) Assumptions Concerning Funding of Eurodollar
Rate Loans. Calculation of all amounts payable to a Lender under this Section 2.18 and under Section 2.19 shall be made as though such Lender had actually funded each of its relevant Eurodollar Rate Loans through the purchase of a
Eurodollar deposit bearing interest at the rate obtained pursuant to clause (i) of the definition of “Adjusted Eurodollar Rate” in an amount equal to the amount of such Eurodollar Rate Loan and having a maturity comparable to the
relevant Interest Period and through the transfer of such Eurodollar deposit from an offshore office of such Lender to a domestic office of such Lender in the United States of America; provided, however, each Lender may fund each of
its Eurodollar Rate Loans in any manner it sees fit and the foregoing assumptions shall be utilized only for the purposes of calculating amounts payable under this Section 2.18 and under Section 2.19. 

2.19. Increased Costs; Capital Adequacy. 
 (a) Compensation For Increased Costs and Taxes. Subject to the provisions of Section 2.20 (which shall be controlling with respect to the matters covered thereby), in the event that any Lender
shall determine (which determination shall, absent manifest error, be final and conclusive and binding upon all parties hereto) that any law, treaty or governmental rule, regulation or order, or any change therein or in the interpretation,
administration or application thereof (including the introduction of any new law, treaty or governmental rule, regulation or order), or any determination of a court or governmental authority, in each case that becomes effective after the Closing
Date, or compliance by such Lender with any guideline, request or directive issued or made after the Closing Date by any central bank or other governmental or quasi-governmental authority (whether or not having the force of law): (i) subjects
such Lender 

  
 36 

 
(or its applicable lending office) to any additional Tax (other than any Tax covered by Section 2.20(b) and the imposition of, or any change in the rate of, any Excluded Tax payable by such
Lender) with respect to this Agreement or any of the other Credit Documents or any of its obligations hereunder or thereunder or any payments to such Lender (or its applicable lending office) of principal, interest, fees or any other amount payable
hereunder; (ii) imposes, modifies or holds applicable any reserve (including any marginal, emergency, supplemental, special or other reserve), special deposit, compulsory loan, FDIC insurance or similar requirement against assets held by, or
deposits or other liabilities in or for the account of, or advances or loans by, or other credit extended by, or any other acquisition of funds by, any office of such Lender (other than any such reserve or other requirements with respect to
Eurodollar Rate Loans that are reflected in the definition of “Adjusted Eurodollar Rate”); or (iii) imposes any other condition (other than with respect to a Tax matter) on or affecting such Lender (or its applicable lending office)
or its obligations hereunder or the London interbank market; and the result of any of the foregoing is to increase the cost to such Lender of agreeing to make, making or maintaining Loans hereunder or to reduce any amount received or receivable by
such Lender (or its applicable lending office) with respect thereto; then, in any such case, Borrower shall promptly pay to such Lender, upon receipt of the statement referred to in the next sentence, such additional amount or amounts (in the form
of an increased rate of, or a different method of calculating, interest or otherwise as such Lender in its sole discretion shall determine) as may be necessary to compensate such Lender on an after-tax basis for any such increased cost or reduction
in amounts received or receivable hereunder. Such Lender shall deliver to Borrower (with a copy to Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to such Lender
under this Section 2.19(a), which statement shall be conclusive and binding upon all parties hereto absent manifest error. 

(b) Capital Adequacy Adjustment. In the event that any Lender shall have determined that the adoption, effectiveness, phase-in or
applicability after the Closing Date of any law, rule or regulation (or any provision thereof) regarding capital adequacy, or any change therein or in the interpretation or administration thereof by any Governmental Authority, central bank or
comparable agency charged with the interpretation or administration thereof, or compliance by any Lender (or its applicable lending office) with any guideline, request or directive regarding capital adequacy (whether or not having the force of law)
of any such Governmental Authority, central bank or comparable agency, has or would have the effect of reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as a consequence of, or with reference to,
such Lender’s Loans or participations therein or other obligations hereunder with respect to the Loans to a level below that which such Lender or such controlling corporation could have achieved but for such adoption, effectiveness, phase-in,
applicability, change or compliance (taking into consideration the policies of such Lender or such controlling corporation with regard to capital adequacy), then from time to time, within 15 days after receipt by Borrower from such Lender
of the statement referred to in the next sentence, Borrower shall pay to such Lender such additional amount or amounts as will compensate such Lender or such controlling corporation on an after-tax basis for such reduction. Such Lender shall deliver
to Borrower (with a copy to Administrative Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to Lender under this Section 2.19(b), which statement shall be conclusive and
binding upon all parties hereto absent manifest error; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests,

  
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rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the
Basel Committee on Banking Supervision (or any successor or similar authority) of the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall be applicable regardless of the date enacted, adopted or issued.

 2.20. Taxes; Withholding, etc. 
 (a) Payments to Be Free and Clear. All sums payable by any Credit Party hereunder and under the other Credit Documents shall (except to the extent required by law) be paid free and clear of, and
without any deduction or withholding on account of, any Tax imposed, levied, collected, withheld or assessed by or within the United States of America or any political subdivision in or of the United States of America or any other jurisdiction from
or to which a payment is made by or on behalf of any Credit Party or by any federation or organization of which the United States of America or any such jurisdiction is a member at the time of payment. 

(b) Withholding of Taxes. If any Credit Party or any other Person is required by law to make any deduction or withholding on
account of any Tax from any sum paid or payable by any Credit Party to Administrative Agent or any Lender under any of the Credit Documents: (i) Borrower shall notify Administrative Agent of any such requirement or any change in any such
requirement as soon as Borrower becomes aware of it; (ii) Borrower shall pay or cause to be paid any such Tax before the date on which penalties attach thereto, such payment to be made (if the liability to pay is imposed on any Credit Party)
for its own account or (if that liability is imposed on Administrative Agent or such Lender, as the case may be) on behalf of and in the name of Administrative Agent or such Lender; (iii) if such Tax is not an Excluded Tax, the sum payable by
the relevant Credit Party in respect of which the relevant deduction, withholding or payment is required shall be increased to the extent necessary to ensure that, after the making of that deduction, withholding or payment, Administrative Agent or
such Lender, as the case may be, receives on the due date a net sum equal to what it would have received had no such deduction, withholding or payment been required or made; and (iv) within thirty days after paying any sum from which it is
required by law to make any deduction or withholding, and within thirty days after the due date of payment of any Tax which it is required by clause (ii) above to pay, Borrower shall deliver to Administrative Agent evidence satisfactory to the
other affected parties of such deduction, withholding or payment and of the remittance thereof to the relevant taxing or other authority. 
 (c) Indemnification by the Borrower. The Borrower shall indemnify Administrative Agent and each Lender for any Tax, other than an Excluded Tax, that is paid or payable by Administrative Agent or
such Lender in connection with this Agreement (including amount payable under this Section 2.20) 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. The indemnity under this Section 2.20(c) shall be paid within 10 days after Administrative Agent or Lender as the case may be delivers to the Borrower a certificate stating the amount of any such Tax so paid
or payable. Any Lender who delivers such a certificate to the Borrower shall deliver a copy thereof to Administrative Agent. The certificate 

  
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delivered to the Borrower shall be conclusive of the amount so paid or payable absent manifest error. 
 (d) Evidence of Exemption From U.S. Withholding Tax. (i) Each Lender that is not a United States Person (as such term is defined in Section 7701(a)(30) of the Code) for U.S. federal
income tax purposes (a “Non-US Lender”) shall deliver to Administrative Agent for transmission to Borrower, on or prior to the Closing Date (in the case of each Lender listed on the signature pages hereof on the Closing Date)
or on or prior to the date of the Assignment Agreement pursuant to which it becomes a Lender (in the case of each other Lender), and at such other times as may be necessary in the determination of Borrower or Administrative Agent (each in the
reasonable exercise of its discretion), (x) two original copies of Internal Revenue Service Form W-8BEN, W-8ECI and/or W-8IMY (or, in each case, any successor forms), properly completed and duly executed by such Lender, and such other
documentation required under the Code and reasonably requested by Borrower or Administrative Agent to establish that such Lender is not subject to (or is subject to a reduced rate of) deduction or withholding of United States federal income tax with
respect to any payments to such Lender of principal, interest, fees or other amounts payable under any of the Credit Documents, or (y) if such Lender is not a “bank” or other Person described in Section 881(c)(3) of the Code and
is claiming the “portfolio interest exemption”, a Certificate re Non-Bank Status together with two original copies of Internal Revenue Service Form W-8BEN (or any successor form), properly completed and duly executed by such Lender,
and such other documentation required under the Code and reasonably requested by Borrower to establish that such Lender is not subject to (or is subject to a reduced rate of) deduction or withholding of United States federal income tax with respect
to any payments to such Lender of interest payable under any of the Credit Documents. Each Lender that is a United States person (as such term is defined in Section 7701(a)(30) of the Code) for United States federal income tax purposes (a
“U.S. Lender”) and is not an exempt recipient within the meaning of Treasury Regulation Section 1.6049-4(c) shall deliver to Administrative Agent and Borrower on or prior to the Closing Date (or, if later, on or prior
to the date on which such Lender becomes a party to this Agreement) two original copies of Internal Revenue Service Form W-9 (or any successor form), properly completed and duly executed by such Lender, certifying that such U.S. Lender is
entitled to an exemption from United States backup withholding tax, or otherwise prove that it is entitled to such an exemption. Each Lender required to deliver any forms, certificates or other evidence with respect to United States federal income
tax withholding matters pursuant to this Section 2.20(d) hereby agrees, from time to time after the initial delivery by such Lender of such forms, certificates or other evidence, whenever a lapse in time or change in circumstances renders such
forms, certificates or other evidence obsolete or inaccurate in any material respect, that such Lender shall promptly deliver to Administrative Agent for transmission to Borrower two new original copies of Internal Revenue Service Form W-8BEN,
W-8ECI and/or W-8IMY (or, in each case, any successor forms), or a Certificate re Non-Bank Status and two original copies of Internal Revenue Service Form W-8BEN (or any successor form), as the case may be, properly completed and duly executed
by such Lender, and such other documentation required under the Code and reasonably requested by Borrower to confirm or establish that such Lender is not subject to (or is subject to a reduced rate of) deduction or withholding of United States
federal income tax with respect to payments to such Lender under the Credit Documents, or notify Administrative Agent and Borrower of its inability to deliver any such forms, certificates or other evidence. Borrower shall not be required to pay any
additional amount to any Non-US Lender under Section 2.20(b)(iii) if such Lender 

  
 39 

 
shall have failed to deliver the forms, certificates or other evidence referred to in the first sentence of this Section 2.20(d)(i); provided, if such Lender shall have satisfied the
requirements of the first sentence of this Section 2.20(d) on the Closing Date or on the date of the Assignment Agreement pursuant to which it became a Lender, as applicable, nothing in this last sentence of Section 2.20(d) shall relieve
Borrower of its obligation to pay any additional amounts pursuant this Section 2.20 in the event that, as a result of any change in any applicable law, treaty or governmental rule, regulation or order, or any change in the interpretation,
administration or application thereof, such Lender is no longer properly entitled to deliver forms, certificates or other evidence at a subsequent date establishing the fact that such Lender is not subject to withholding as described herein.

 (ii) If a payment made to the Administrative Agent or a Lender under this Agreement would be subject to U.S.
federal withholding tax imposed by FATCA if such Administrative Agent or 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 Administrative Agent or Lender shall deliver to the Borrower, at the time or times prescribed by law and at such time or times reasonably requested by the Borrower, 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 as may be necessary for the Borrower to comply with its obligations under FATCA, to determine that such Administrative Agent or Lender,
as applicable, has or has not complied with its obligations under FATCA and, as necessary, to determine the amount to deduct and withhold from such payment. 
 (e) Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent for any Taxes (but in the case of Taxes other than Excluded Taxes, only to the extent that the
Borrower has not already indemnified the Administrative Agent for such Taxes and without limiting the obligation of the Borrower to do so) 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. The indemnity under this Section 2.20(e) shall be paid within 10 days after the Administrative Agent delivers to the applicable Lender a certificate stating the
amount of any such Tax so paid or payable by the Administrative Agent. The certificate delivered to the Lender shall be conclusive of the amount so paid or payable absent manifest error. 

(f) Treatment of Certain Refunds. If Administrative Agent or any Lender determines that it has received a refund of any Taxes with
respect to which any Credit Party has paid additional amounts pursuant to Section 2.20(b) from the Governmental Authority to which such tax was paid, it shall pay to such Credit Party an amount equal to such refund (but only to the extent of
additional amounts paid by such Credit Party with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses of Administrative Agent or such Lender, as the case may be, and without interest (other than any interest paid by
the relevant Governmental Authority with respect to such refund), provided that each Credit Party, upon the request of Administrative Agent or such Lender, agrees to repay the amount paid over to such Credit Party (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority) to Administrative Agent or such Lender in the event Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. 

  
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 (g) Survival. Each party’s obligations under this Section 2.20 shall
survive any assignment of rights by or replacement of any Lender or the Administrative Agent, and the repayment, satisfaction or discharge of all other obligations under this Agreement. 

2.21. Obligation to Mitigate. Each Lender agrees that, as promptly as practicable after the officer of such Lender responsible for
administering its Loans becomes aware of the occurrence of an event or the existence of a condition that would cause such Lender to become an Affected Lender or that would entitle such Lender to receive payments under Section 2.18, 2.19
or 2.20, it will, to the extent not inconsistent with the internal policies of such Lender and any applicable legal or regulatory restrictions, use reasonable efforts to (a) make, issue, fund or maintain its Credit Extensions, including
any Affected Loans, through another office of such Lender, or (b) take such other measures as such Lender may deem reasonable, if as a result thereof the circumstances which would cause such Lender to be an Affected Lender would cease to exist
or the additional amounts which would otherwise be required to be paid to such Lender pursuant to Section 2.18, 2.19 or 2.20 would be materially reduced and if, as determined by such Lender in its sole discretion, the making, issuing,
funding or maintaining of such Loans through such other office or in accordance with such other measures, as the case may be, would not otherwise adversely affect such Loans or the interests of such Lender; provided, such Lender will not be
obligated to utilize such other office pursuant to this Section 2.21 unless Borrower agrees to pay all incremental expenses incurred by such Lender as a result of utilizing such other office as described in this Section 2.21(a) and
(b) above. A certificate as to the amount of any such expenses payable by Borrower pursuant to this Section 2.21 (setting forth in reasonable detail the basis for requesting such amount) submitted by such Lender to Borrower (with a copy to
Administrative Agent) shall be conclusive absent manifest error. 
 2.22. [Reserved]. 

2.23. Removal or Replacement of a Lender. Anything contained herein to the contrary notwithstanding, in the event that:
(a) (i) any Lender (an “Increased-Cost Lender”) shall give notice to Borrower that such Lender is an Affected Lender or that such Lender is entitled to receive payments under Section 2.18, 2.19 or 2.20,
(ii) the circumstances which have caused such Lender to be an Affected Lender or which entitle such Lender to receive such payments shall remain in effect, and (iii) such Lender shall fail to withdraw such notice within five Business Days
after Borrower’s request for such withdrawal; (b) in connection with any proposed amendment, modification, termination, waiver or consent with respect to any of the provisions hereof as contemplated by Section 10.5(b), the consent of
Requisite Lenders shall have been obtained but the consent of one or more of such other Lenders (each a “Non-Consenting Lender”) whose consent is required shall not have been obtained; or (c) for any reason any Lender
shall have (i) failed to fund any portion of the Loans required to be funded by it hereunder within one Business Day of the date required to be funded by it hereunder, unless the subject of a good faith dispute, (ii) otherwise failed to
pay to Administrative Agent or any other Lender any other amount required to be paid by it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute or (iii) been deemed insolvent or become the subject
of a bankruptcy or insolvency proceeding (each a “Defaulting Lender”), then, with respect to each such Increased-Cost Lender, Non-Consenting Lender or Defaulting Lender (the “Terminated Lender”), Borrower may, by
giving written notice to Administrative Agent and any Terminated Lender of its election to do so, elect to cause such Terminated Lender 

  
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(and such Terminated Lender hereby irrevocably agrees) to assign its outstanding Loans, if any, in full to one or more Eligible Assignees (each a “Replacement Lender”) in
accordance with the provisions of Section 10.6 and Borrower shall pay any fees payable thereunder in connection with such assignment; provided, (1) on the date of such assignment, the Replacement Lender shall pay to Terminated
Lender an amount equal to the principal of, and all accrued interest on, all outstanding Loans of the Terminated Lender; (2) on the date of such assignment, Borrower shall pay any amounts payable to such Terminated Lender pursuant to
Section 2.18(c), 2.19 or 2.20; or otherwise as if it were a prepayment and (3) in the event such Terminated Lender is a Non-Consenting Lender, each Replacement Lender shall consent, at the time of such assignment, to each matter in
respect of which such Terminated Lender was a Non-Consenting Lender. Upon the prepayment of all amounts owing to any Terminated Lender, such Terminated Lender shall no longer constitute a “Lender” for purposes hereof; provided, any
rights of such Terminated Lender to indemnification hereunder shall survive as to such Terminated Lender. Each Lender agrees that if Borrower exercises its option hereunder to cause an assignment by such Lender as a Non-Consenting Lender or
Terminated Lender, such Lender shall, promptly after receipt of written notice of such election, execute and deliver all documentation necessary to effectuate such assignment in accordance with Section 10.6. In the event that a Lender does not
comply with the requirements of the immediately preceding sentence within one Business Day after receipt of such notice, each Lender hereby authorizes and directs Administrative Agent to execute and deliver such documentation as may be required to
give effect to an assignment in accordance with Section 10.6 on behalf of a Non-Consenting Lender or Terminated Lender and any such documentation so executed by Administrative Agent shall be effective for purposes of documenting an assignment
pursuant to Section 10.6. 
 SECTION 3. CONDITIONS PRECEDENT 

3.1. Closing Date. The obligation of each Lender to make a Credit Extension on the Closing Date is subject to the satisfaction, or
waiver in accordance with Section 10.5, of the following conditions on or before the Closing Date: 
 (a) Credit
Documents. Administrative Agent shall have received sufficient copies of each Credit Document originally executed and delivered by each applicable Credit Party for each Lender. 

(b) Organizational Documents; Incumbency. Administrative Agent shall have received (i) a copy of each Organizational Document
executed and delivered by each Credit Party, as applicable, and, to the extent applicable, certified as of a recent date by the appropriate governmental official, each dated the Closing Date or a recent date prior thereto; (ii) signature and
incumbency certificates of the officers of such Person executing the Credit Documents to which it is a party; (iii) to the extent applicable, resolutions of the Board of Directors or similar governing body of each Credit Party approving and
authorizing the execution, delivery and performance of this Agreement and the other Credit Documents to which it is a party, certified as of the Closing Date by its secretary or an Authorized Officer as being in full force and effect without
modification or amendment; and (iv) a good standing certificate from the applicable Governmental Authority of each Credit Party’s jurisdiction of incorporation, organization or formation, each dated a recent date prior to the Closing Date.

  
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 (c) Organizational and Capital Structure. The organizational structure and capital
structure of Credit Parties and their Subsidiaries shall be as set forth on Schedule 4.1. 
 (d) [Reserved].

 (e) Governmental Authorizations and Consents. Each Credit Party shall have obtained all Governmental Authorizations
and all consents of other Persons, in each case that are necessary in connection with the execution, delivery and performance of the Credit Documents and each of the foregoing shall be in full force and effect and in form and substance reasonably
satisfactory to Administrative Agent. 
 (f) Financial Statements. Administrative Agent shall have received from Borrower
the Historical Financial Statements. 
 (g) Opinions of Counsel. (i) Administrative Agent and its counsel shall have
received a copy of the favorable written opinion of Skadden, Arps, Slate, Meagher & Flom LLP, counsel for Credit Parties, dated as of the Closing Date in form and substance reasonably satisfactory to Administrative Agent (and each Credit
Party hereby instructs such counsel to deliver such opinions to Administrative Agent and Lenders); and 
 (ii) Administrative
Agent and its counsel shall have received a copy of a favorable written opinion of applicable foreign counsel, dated as of the Closing Date in form and substance reasonably satisfactory to Administrative Agent (and the Administrative Agent hereby
instructs such counsel to deliver such opinions to Administrative Agent and Lenders). 
 (h) Collateral Documents. On or
prior to the Closing Date, Borrower, Advisors and Advisors II, shall and shall cause each other Credit Party to, execute and deliver the Collateral Documents (or amendments or amendments and restatements thereof) as set forth in Schedule 3.1(h)
in order to grant to Collateral Administrative Agent, on behalf of Secured Parties, a lien on the Collateral securing both the Obligations and the “Obligations” as defined under the Existing Credit Agreement on the same terms. 

(i) Solvency Certificate. On the Closing Date, Administrative Agent shall have received a Solvency Certificate from Borrower
attesting that, on the Closing Date, Borrower, Advisors, Advisors II and the OZ Subsidiaries are, on a consolidated basis, Solvent. 
 (j) Closing Date Certificate. Borrower shall have delivered to Administrative Agent an originally executed Closing Date Certificate, together with all attachments thereto. 

(k) No Litigation. There shall not exist any action, suit, investigation, litigation, proceeding or hearing or other legal or
regulatory developments, pending in any court or before any arbitrator or Governmental Authority that would reasonably be expected to have a Material Adverse Effect. 
 (l) PATRIOT Act. Administrative Agent shall have received all documentation and other information requested in writing by Administrative Agent and required

  
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by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “PATRIOT Act”). 
 (m) Absence of Material Adverse Change. Since December 31, 2010, there shall have not occurred any Material Adverse Effect. 

(n) Transactions. Completion of the Transactions on terms reasonably satisfactory to the Administrative Agent. 

(o) Payment of Fees and Expenses. The expenses of the Administrative Agent (including the reasonable, documented fees and expenses
of its attorneys) arising in connection with the transactions contemplated by the Credit Documents for which invoices have been presented to Borrower at least one Business Day prior to the Closing Date shall have been paid. 

3.2. Further Conditions to All Loans. 
 (a) Conditions Precedent. The obligation of each Lender to make any Loan on any Credit Date, including the Closing Date, is subject to the satisfaction, or waiver in accordance with
Section 10.5, of the following conditions precedent: 
 (i) Administrative Agent shall have received a fully
executed and delivered Funding Notice in accordance with Section 2.1(b); 
 (ii) as of such Credit Date, the
representations and warranties contained herein and in the other Credit Documents shall be true and correct in all material respects on and as of such Credit Date to the same extent as though made on and as of that date, except to the extent such
representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date; 

(iii) as of such Credit Date, no event shall have occurred and be continuing or would result from the consummation of the
applicable Credit Extension that would constitute an Event of Default or a Default; and 
 (iv) Borrower shall
have delivered updated schedules to the Pledge and Security Agreement to the extent required pursuant to Section 5.2(a) thereof. 
 3.3. [Reserved]. 
 3.4. Notices. Any Notice shall be executed by an
Authorized Officer in a writing delivered to Administrative Agent. In lieu of delivering a Notice, Borrower may give Administrative Agent telephonic notice by the required time of any proposed borrowing, conversion/continuation; provided each
such notice shall be promptly confirmed in writing. Neither Administrative Agent nor any Lender shall incur any liability to Borrower in acting upon any telephonic notice referred to above that Administrative Agent believes in good faith to have

  
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been given by a duly authorized officer or other person authorized on behalf of Borrower or for otherwise acting in good faith. 
 SECTION 4. REPRESENTATIONS AND WARRANTIES 
 In order to induce Lenders to
enter into this Agreement and to make the Credit Extensions to be made thereby, the Credit Parties each represent and warrant to each Lender, on the Closing Date, that the following statements are true and correct (it being understood and agreed
that the representations and warranties made on the Closing Date are deemed to be made concurrently with the consummation of the transactions contemplated by the Credit Documents): 

4.1. Organization; Requisite Power and Authority; Qualification. Each of the Credit Parties and the OZ Subsidiaries (a) is
duly organized, validly existing and in good standing under the laws of its jurisdiction of organization as identified on Schedule 4.1, (b) has all requisite power and authority to own and operate its properties, to carry on its business
as now conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party and to carry out the transactions contemplated thereby, except as would not reasonably be expected to have a Material Adverse Effect, and
(c) is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good
standing would not be reasonably expected to have a Material Adverse Effect. 
 4.2. Equity Interests and Ownership. The
Equity Interests of each Credit Party and each of their Subsidiaries have been duly authorized and validly issued and are fully paid and non-assessable. Except as set forth on Schedule 4.2, as of the Closing Date, there is no existing option,
warrant, call, right, commitment or other agreement to which any Credit Party or any of their respective Subsidiaries is a party requiring, and there is no membership interest or other Equity Interest of any Credit Party or any of their respective
Subsidiaries outstanding which upon conversion or exchange would require, the issuance by any Credit Party or any of their respective Subsidiaries of any additional membership interests or other Equity Interest of any Credit Party or any of their
respective Subsidiaries or other Securities convertible into, exchangeable for or evidencing the right to subscribe for or purchase, a membership interest or other Equity Interest of any Credit Party or any of their respective Subsidiaries.
Schedule 4.2 correctly sets forth the ownership interest of Credit Parties and their Subsidiaries in their respective Subsidiaries as of the Closing Date both before and after giving effect to the transactions contemplated by the Credit
Documents. 
 4.3. Due Authorization. The execution, delivery and performance of the Credit Documents have been duly
authorized by all necessary action on the part of each Credit Party and OZ Subsidiary that is a party thereto. 
 4.4. No
Conflict. The execution, delivery and performance by each of the Credit Parties of the Credit Documents to which they are parties and the consummation of the transactions contemplated by the Credit Documents do not and will not (a) violate
(i) any provision of any law or any governmental rule or regulation applicable to such Credit Party, (ii) any of the Organizational Documents of such Credit Party, or (iii) any order, judgment or 

  
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decree of any court or other agency of government binding such Credit Party, in each case, except to the extent such violation would not reasonably be expected to have a Material Adverse Effect;
(b) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any material Contractual Obligation of such Credit Party except to the extent such conflict, breach or default would not
reasonably be expected to have a Material Adverse Effect; (c) result in or require the creation or imposition of any Lien upon any of the properties or assets of such Credit Party (other than any Liens created under any of the Credit Documents
in favor of Collateral Administrative Agent, on behalf of Secured Parties); or (d) require any approval of stockholders, members or partners or any approval or consent of any Person under any material Contractual Obligation of any Credit Party
or any of their respective OZ Subsidiaries, except for such approvals or consents which will be obtained on or before the Closing Date and disclosed in writing to Lenders and except for any such approvals or consents the failure of which to obtain
will not have a Material Adverse Effect. 
 4.5. Governmental Consents. The execution, delivery and performance by each
of the Credit Parties of the Credit Documents to which they are parties and the consummation of the transactions contemplated by the Credit Documents do not and will not require any registration with, consent or approval of, or notice to, or other
action to, with or by, any Governmental Authority except (a) registrations, consents, approvals, notices and other actions which have been duly obtained, taken, given or made and are in full force and effect and (b) those registrations,
consents, approvals, notices and other actions, the failure of which to obtain or make would not reasonably be expected to have a Material Adverse Effect. 
 4.6. Binding Obligation. Each Credit Document has been duly executed and delivered by each of the Credit Parties that is a party thereto and is the legally valid and binding obligation of such
Credit Party, enforceable against such Credit Party in accordance with its respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or
by equitable principles relating to enforceability. 
 4.7. Historical Financial Statements. The Historical Financial
Statements fairly present, in all material respects, the financial position, on a consolidated basis, of the Persons described in such financial statements as at the respective dates thereof and the results of operations and cash flows, on a
consolidated basis, of the entities described therein for each of the periods then ended, subject, in the case of any such unaudited financial statements, to changes resulting from audit and normal year-end adjustments. As of the Closing Date, none
of the Credit Parties nor any of the OZ Subsidiaries has any contingent liability or liability for taxes, long-term lease or unusual forward or long-term commitment that is not reflected in the Historical Financial Statements or the notes thereto
other than (a) the liabilities reflected on Schedule 4.7, (b) obligations arising under this Agreement and (c) liabilities incurred in the ordinary course of business that, either individually or in the aggregate, have had or
would reasonably be expected to have a Material Adverse Effect. As of the Closing Date, none of the Credit Parties nor any of the OZ Subsidiaries is obligated with respect to any Indebtedness other than as permitted under Section 6.1.

 4.8. [Reserved]. 

  
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 4.9. No Material Adverse Change. Since December 31, 2010, no Material Adverse
Effect has occurred and is continuing. 
 4.10. [Reserved]. 

4.11. Adverse Proceedings, etc. There are no Adverse Proceedings, individually or in the aggregate, that would reasonably be
expected to have a Material Adverse Effect. None of the Credit Parties nor any OZ Subsidiary (a) is in violation of any applicable laws that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect, or
(b), to such Credit Party’s or OZ Subsidiary’s knowledge, is subject to or in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other
governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that would reasonably be expected to have a Material Adverse Effect. 
 4.12. Payment of Taxes. Except as otherwise permitted under Section 5.3, as set forth on Schedule 4.12 or as would not reasonably be expected to have a Material Adverse Effect, all tax
returns and reports of any Credit Party or OZ Subsidiary required to be filed by any of them have been timely filed, and all taxes due and payable by any Credit Party and all assessments, fees and other governmental charges upon any Credit Party or
OZ Subsidiary and upon their respective properties, assets, income and businesses which are due and payable have been timely paid, other than those which are being contested by such Credit Party or OZ Subsidiary in good faith and by appropriate
proceedings; provided, such reserves or other appropriate provisions, if any, as shall be required in conformity with the accounting principles used in the preparation of the Historical Financial Statements shall have been made or provided
therefor. 
 4.13. Title to Properties. Each of the Credit Parties and the OZ Subsidiaries has (i) good, sufficient
and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case of leasehold interests in real or personal property), (iii) valid licensed rights in (in the case of licensed interests in
intellectual property) and (iv) good title to (in the case of all other personal property), all of its respective properties and assets necessary in the ordinary conduct of its business, in each case except for assets disposed of since the date
of the most recent financial statements delivered pursuant to Section 5.1 in the ordinary course of business or as otherwise permitted under Section 6.7 and except where the failure to have such title or other interest would not reasonably
be expected to have a Material Adverse Effect. Except as permitted by this Agreement, all such properties and assets are free and clear of Liens except for minor defects in title that do not materially interfere with any Credit Party’s or any
OZ Subsidiary’s ability to conduct its business or to utilize such assets for their intended purposes. 
 4.14. No
Defaults. None of the Credit Parties nor any of the OZ Subsidiaries is in default under any of its material Contractual Obligations that would reasonably be expected to have a Material Adverse Effect. 

4.15. Governmental Regulation. None of the Credit Parties nor any of their OZ Subsidiaries is subject to regulation under the
Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or 

  
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which may otherwise render all or any portion of the Obligations unenforceable. None of the Credit Parties nor any of the OZ Subsidiaries is a “registered investment company” or a
company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company” as such terms are defined in the Investment Company Act of 1940. 

4.16. Margin Stock. None of the Credit Parties nor any OZ Subsidiary owns any Margin Stock. 

4.17. Employee Benefit Plans. In each case, except as would not reasonably be expect to have a Material Adverse Effect, each of
the Credit Parties and the OZ Subsidiaries and each of their respective ERISA Affiliates are in compliance in all material aspects with all applicable provisions and requirements of ERISA and the Code and the regulations and published
interpretations thereunder with respect to each Employee Benefit Plan, and have performed in all material aspects all their obligations under each Employee Benefit Plan. Each Employee Benefit Plan which is intended to qualify under
Section 401(a) of the Code has received a favorable determination letter from the Internal Revenue Service indicating that such Employee Benefit Plan is so qualified and nothing has occurred subsequent to the issuance of such determination
letter which would cause such Employee Benefit Plan to lose its qualified status. No liability to the PBGC (other than required premium payments), the Internal Revenue Service, any Employee Benefit Plan or any trust established under Title IV
of ERISA has been or is expected to be incurred by the Credit Parties or any of the OZ Subsidiaries or any of their ERISA Affiliates. No ERISA Event has occurred or is reasonably expected to occur. Except to the extent required under
Section 4980B of the Code or similar state laws, no Employee Benefit Plan provides health or welfare benefits (through the purchase of insurance or otherwise) for any retired or former employee of the Credit Parties or any of the OZ
Subsidiaries or any of their respective ERISA Affiliates. The present value of the aggregate benefit liabilities under each Pension Plan sponsored, maintained or contributed to by any Credit Party or OZ Subsidiary or any of their ERISA Affiliates,
(determined as of the end of the most recent plan year on the basis of the actuarial assumptions specified for funding purposes in the most recent actuarial valuation for such Pension Plan), did not exceed the aggregate current value of the assets
of such Pension Plan. Each of the Credit Parties and the OZ Subsidiaries and each of their respective ERISA Affiliates has complied in all material aspects with the requirements of Section 515 of ERISA with respect to each Multiemployer Plan
and is not in material “default” (as defined in Section 4219(c)(5) of ERISA) with respect to payments to a Multiemployer Plan. 
 4.18. Certain Fees. No broker’s or finder’s fee or commission will be payable with respect to the transactions contemplated by the Credit Documents. 

4.19. Solvency. As of the Closing Date, the Credit Parties and the OZ Subsidiaries, on a consolidated basis, are Solvent.

 4.20. Compliance with Statutes, etc. Each of the Credit Parties and the OZ Subsidiaries is in compliance with all
applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all Governmental Authorities, in respect of the conduct of its business and the ownership of its property, except such non-compliance that, individually or
in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 

  
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 4.21. Disclosure. No reports, certificates or written statements furnished to
Administrative Agent by or on behalf of any Credit Party or OZ Subsidiary for use in connection with the transactions contemplated hereby (in each case, as modified or supplemented by other information so furnished), when taken as a whole, contains
any material misstatement of fact or omits to state a material fact (known to Borrower, Advisors, Advisors II or any New Advisor, in the case of any document not furnished by either of them) necessary in order to make the statements contained herein
or therein not misleading in light of the circumstances in which the same were made; provided that, with respect to any projections and pro forma financial information contained in such materials, the Borrower represents only that such
information is based upon good faith estimates and assumptions believed by Borrower, Advisors, Advisors II or any New Advisor to be reasonable at the time made, it being recognized by Lenders that such projections as to future events are not to be
viewed as facts and that actual results during the period or periods covered by any such projections may differ from the projected results and such differences may be material. 

4.22. PATRIOT Act. To the extent applicable, each Credit Party is in compliance, in all material respects, with the
(i) Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order
relating thereto, and (ii) Title III of the PATRIOT Act. No part of the proceeds of the Loans will be used, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party,
candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended.

 SECTION 5. AFFIRMATIVE COVENANTS 
 Each Credit Party covenants and agrees that, so long as any Commitment is in effect and until payment in full of all Obligations, each Credit Party shall perform, and shall cause each of the OZ
Subsidiaries to perform, all covenants in this Section 5. 
 5.1. Financial Statements and Other Reports. Borrower
will deliver to Administrative Agent, for further distribution to the Lenders: 
 (a) Quarterly Financial Statements. As
soon as available, and in any event within 45 days after the end of the first three Fiscal Quarters, commencing with the Fiscal Quarter ending on March 31, 2012 the consolidated balance sheet of Issuer and its Subsidiaries as at the
end of such Fiscal Quarter and the related consolidated statements of operations and cash flows of Issuer and its Subsidiaries for such Fiscal Quarter and for the period from the beginning of the current Fiscal Year to the end of such Fiscal
Quarter; 
 (b) Annual Financial Statements. As soon as available, and in any event within 120 days after the
end of each Fiscal Year, commencing with the Fiscal Year in which the Closing Date occurs, (i) the consolidated balance sheet of Issuer and its Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of
operations, shareholders’ equity and cash flows of Issuer and its Subsidiaries for such Fiscal Year, setting forth in each case in 

  
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comparative form the corresponding figures for the previous Fiscal Year, in reasonable detail, together with a Financial Officer Certification with respect thereto; and (ii) with respect to
such consolidated financial statements a report thereon of independent certified public accountants of recognized national standing selected by Issuer, and reasonably satisfactory to Administrative Agent (which report shall be unqualified as to
going concern and scope of audit, and shall state that such consolidated financial statements fairly present, in all material respects, the financial position of Issuer as at the dates indicated and the results of its operations and its cash flows
for the periods indicated; 
 (c) Compliance Certificate. No later than five days after delivery of financial statements
pursuant to Sections 5.1(a) and 5.1(b), a duly executed and completed Compliance Certificate; 
 (d) Statements of
Reconciliation. If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Issuer delivered pursuant to
Section 5.1(a) or 5.1(b) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then,
together with the first delivery of such financial statements after such change, one or more statements of reconciliation with respect to “Economic Income” for all such prior financial statements in form and substance satisfactory to
Administrative Agent. In addition, (i) concurrently with the delivery of the financial statements referred to in clause (a) and (b) above, a written reconciliation of such financial statements showing adjustments between combined
financial statements for the Och-Ziff Operating Group and the consolidated financial statements for the Issuer and its Subsidiaries, in form and substance reasonably acceptable to the Administrative Agent and in any event sufficient to permit the
calculation of the financial measurements under Sections 6.1(1), 6.3(h) and 6.5 (a “Reconciliation Statement”) and (ii) within 20 Business Days of the delivery of the financial statements in clause (b) above, a
Reconciliation Statement, together with agreed-upon procedures from the accounting firm that performed the audit of such financial statements; 
 (e) Notice of Default. Promptly upon any officer of Borrower, Advisors, Advisors II or any New Advisor obtaining knowledge (i) of any condition or event that constitutes a Default or an Event
of Default or that notice has been given to Borrower, Advisors, Advisors II or any New Advisor with respect thereto; (ii) that any Person has given any notice to any Credit Party or any of the OZ Subsidiaries or taken any other action with
respect to any event or condition set forth in Section 8.1(b); or (iii) of the occurrence of any event or change that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect, a certificate of its
Authorized Officer specifying the nature and period of existence of such condition, event or change, or specifying the notice given and action taken by any such Person and the nature of such claimed Event of Default, Default, default, event or
condition, and what action Borrower has taken, is taking and proposes to take with respect thereto; 
 (f) [Reserved].

 (g) Information Regarding Collateral. On and after the Closing Date, Borrower will furnish to Administrative Agent
prompt written notice of any change (i) in any 

  
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Credit Party’s corporate name, (ii) in any Credit Party’s identity or corporate structure, (iii) in any Credit Party’s jurisdiction of organization or (iv) in any
Credit Party’s Federal Taxpayer Identification Number or state organizational identification number. Borrower also agrees promptly to notify Administrative Agent if any material portion of the Collateral is damaged or destroyed; 

(h) Other Information. Such other information and data with respect to Credit Parties or any of the OZ Subsidiaries as from time
to time may be reasonably requested by Administrative Agent or any Lender; and 
 (i) Certification of Public
Information. Borrower, Advisors, Advisors II and any New Advisor shall use commercially reasonable efforts to indicate in writing, concurrently with the delivery of any document or notice required to be delivered pursuant to this
Section 5.1, whether such document or notice contains Nonpublic Information. Borrower and each Lender acknowledge that certain of the Lenders may be “public-side” Lenders (Lenders that do not wish to receive material non-public
information with respect to Borrower, Advisors, Advisors II, any New Advisor, their respective Subsidiaries or their respective securities) and, if documents or notices required to be delivered pursuant to this Section 5.1 or otherwise are
being distributed through IntraLinks/IntraAgency, SyndTrak or another relevant website or other information platform (the “Platform”), any document or notice that Borrower has indicated contains Nonpublic Information shall not
be posted on that portion of the Platform designated for such public-side Lenders. If Borrower has not indicated whether a document or notice delivered pursuant to this Section 5.1 contains Nonpublic Information, Administrative Agent reserves
the right to post such document or notice solely on that portion of the Platform designated for Lenders who wish to receive material nonpublic information with respect to Borrower, Advisors, Advisors II, any New Advisor, their respective
Subsidiaries and their respective securities. 
 5.2. Existence. Except as otherwise permitted under Section 6.7,
each Credit Party will, and will cause each of the OZ Subsidiaries to, at all times (a) preserve and keep in full force and effect its legal existence under the laws of its jurisdiction of formation, organization or incorporation and
(b) take all reasonable action to maintain all rights and franchises, licenses and permits material to its business, except to the extent failure to do so would not reasonably be expected to have a Material Adverse Effect. 

5.3. Payment of Taxes. Each Credit Party will, and will cause each of the OZ Subsidiaries to, pay all material Taxes imposed upon
it or any of its properties or assets or in respect of any of its income, businesses or franchises before any penalty or fine accrues thereon; provided, no such material Tax need be paid if it is being contested in good faith by appropriate
proceedings diligently conducted, so long as adequate reserve or other appropriate provision, as shall be required in conformity with the accounting principles used in the preparation of the Historical Financial Statements, shall have been made
therefor. 
 5.4. Maintenance of Properties. Each Credit Party will, and will cause each of the OZ Subsidiaries to,
maintain or cause to be maintained in good repair, working order and condition, ordinary wear and tear excepted, all material properties necessary in the operation of the business of Credit Parties and the OZ Subsidiaries, except to the extent
failure to do so would not reasonably be expected to have a Material Adverse Effect, and from time to time will make 

  
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or cause to be made all appropriate repairs, renewals and replacements thereof, except to the extent failure to do so would not reasonably be expected to have a Material Adverse Effect.

 5.5. Insurance. Borrower, Advisors, Advisors II and any New Advisor will maintain or cause to be maintained, with
financially sound and reputable insurers, such insurance with respect to their business and properties as may customarily be carried or maintained under similar circumstances by Persons of established reputation engaged in similar businesses, in
each case in such amounts (giving effect to self-insurance), with such deductibles, covering such risks and otherwise on such terms and conditions as shall be customary for such Persons, except where failure to maintain such insurance would not
reasonably be expected to have a Material Adverse Effect. 
 5.6. Books and Records; Inspections. Except as would not
reasonably be expected to have a Material Adverse Effect, each Credit Party will, and will cause each of the OZ Subsidiaries to, keep proper books of record and accounts in which full, true and correct entries shall be made of all material financial
transactions and matters involving its assets and business. Each Credit Party will, and will cause each of the OZ Subsidiaries to, permit any authorized representatives designated by any Lender to visit and inspect any of the properties of any
Credit Party and any of the OZ Subsidiaries, to inspect, copy and take extracts from its and their financial and accounting records, and to discuss its and their affairs, finances and accounts with its and their officers, all upon reasonable notice
and at such reasonable times during normal business hours and as often as may reasonably be requested in advance; provided that absent any Event of Default the Borrower shall not be required to pay the expenses related thereto more frequently
than once each Fiscal Year; and provided further that during the existence of an Event of Default Administrative Agent (or any of its representatives) may do any of the foregoing at the expense of the Borrower at any time during normal business
hours and without advance notice. Notwithstanding anything to the contrary in this Section 5.6, none of the Credit Parties nor any of the OZ Subsidiaries will be required to disclose, permit the inspection, examination or making copies or
abstracts of, or discussion of, any document, information or other matter that (i) constitutes non-financial trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to Administrative Agent or any Lender
(or their respective representatives or contractors) is prohibited by law or any binding agreement or (iii) is subject to attorney-client privilege or constitutes attorney work product. 

5.7. [Reserved]. 
 5.8. Compliance with Laws. Each Credit Party will comply, and shall cause each of the OZ Subsidiaries to comply, with the requirements of all applicable laws, rules, regulations and orders of any
Governmental Authority, except in such instances in which (a) such requirement of law, rule, regulation or order is being contested in good faith by appropriate proceedings diligently conducted or (b) noncompliance could not reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect. 
 5.9. [Reserved]. 

5.10. Subsidiaries; Collateral; Additional Guarantors. 

  
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 (a) In the event that any Person becomes a Domestic Subsidiary of Borrower, Advisors,
Advisors II or any New Advisor, Borrower shall, within 45 days after such Person becomes a Domestic Subsidiary (or such longer period as Administrative Agent may agree in its discretion), (i) cause such Domestic Subsidiary to become a
Guarantor hereunder by executing and delivering to Administrative Agent a Counterpart Agreement, and (ii) take all such actions and execute and deliver, or cause to be executed and delivered, all such documents, instruments, agreements and
certificates as are similar to those described in Section 3.1(b) and as may be required pursuant to the Pledge and Security Agreement; provided that, to the extent any third party consent shall be required for the pledge of interests in
any such Domestic Subsidiary, such interests shall not be required to be pledged. In the event that any Person becomes a Foreign Subsidiary of Borrower, Advisors, Advisors II or any New Advisor and the ownership interests of such Foreign Subsidiary
are directly owned by Borrower, Advisors, Advisors II, any New Advisor, or by any Domestic Subsidiary thereof, Borrower, Advisors, Advisors II or any New Advisor, as applicable, shall, or shall cause such Domestic Subsidiary to take all actions
necessary to grant and to perfect a First Priority Lien in favor of Collateral Administrative Agent, for the benefit of Secured Parties, under the Pledge and Security Agreement in 65% of the Voting Stock of such Foreign Subsidiary. With respect
to each such Domestic Subsidiary, Borrower shall promptly send to Administrative Agent written notice setting forth with respect to such Person (i) the date on which such Person became a Domestic Subsidiary of Borrower, Advisors, Advisors II or
any New Advisor and (ii) all of the data required to be set forth in Schedules 4.1 and 4.2 with respect to such Domestic Subsidiary; and such written notice shall be deemed to supplement Schedule 4.1 and 4.2 for all purposes
hereof. 
 (b) In the event that, after the Closing Date, any Affiliate of a Credit Party becomes a New Advisor (or any such
Affiliate is required to become a pledgor or guarantor under the Existing Credit Agreement), Borrower shall cause such Person to become a Guarantor hereunder by executing and delivering to Administrative Agent a Counterpart Agreement and take such
actions and execute and deliver, or cause to be executed and delivered, all such documents, instruments, agreements and certificates as are similar to those described in Section 3.1(b). In addition, Borrower shall cause such Person to comply
with the requirements set forth in the Pledge and Security Agreement. 
 5.11. Additional Material Real Estate Assets. In
the event that any Credit Party acquires a Material Real Estate Asset or a Real Estate Asset owned or leased on the Closing Date becomes a Material Real Estate Asset and such interest has not otherwise been made subject to the Lien of the Collateral
Documents in favor of Collateral Administrative Agent, for the benefit of Secured Parties, then such Credit Party shall promptly take all such actions and execute and deliver, or cause to be executed and delivered, a Mortgage and any UCC or similar
filings with respect to each such Material Real Estate Asset necessary to create in favor of Collateral Administrative Agent, for the benefit of Secured Parties, a valid and, subject to any filing and/or recording referred to herein, perfected First
Priority security interest in such Material Real Estate Assets. In addition to the foregoing, Borrower shall, at the request of Collateral Administrative Agent, deliver, from time to time, to Administrative Agent such existing appraisals as are
required by law or regulation of Real Estate Assets with respect to which Administrative Agent has been granted a Lien. 

  
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 5.12. Further Assurances. At any time or from time to time upon the request of
Administrative Agent, each Credit Party will, at its expense, promptly execute, acknowledge and deliver such further documents and do such other acts and things as Administrative Agent or Administrative Agent may reasonably request in order to
effect fully the purposes of the Credit Documents. In furtherance and not in limitation of the foregoing, each Credit Party shall take such actions as Administrative Agent may reasonably request from time to time to ensure that the Obligations are
guarantied by the Guarantors and are secured, after the Closing Date, by the Collateral. 
 SECTION 6. NEGATIVE COVENANTS 

Each Credit Party covenants and agrees that, so long as any Commitment is in effect and until payment in full of all Obligations, such
Credit Party shall perform, and shall cause each of the OZ Subsidiaries to perform, all covenants in this Section 6. 

6.1. Indebtedness. No Credit Party shall, nor shall it permit any of the OZ Subsidiaries to, directly or indirectly,
create, incur, assume or guaranty, or otherwise become or remain directly or indirectly liable with respect to any Indebtedness, except: 
 (a) the Obligations and the “Obligations” as defined under the Existing Credit Agreement; 
 (b) Indebtedness of any Credit Party to another Credit Party; provided, (i) all such Indebtedness shall be evidenced by the Intercompany Note, which shall be subject to a First Priority Lien
pursuant to the Pledge and Security Agreement to the extent required by Section 5.10, (ii) all such Indebtedness shall be unsecured and subordinated in right of payment to the payment in full of the Obligations pursuant to the terms of the
Intercompany Note, and (iii) any payment by any such Guarantor Subsidiary under any guaranty of the Obligations shall result in a pro tanto reduction of the amount of any Indebtedness owed by such Subsidiary to Borrower or to any of its
Subsidiaries for whose benefit such payment is made; 
 (c) current liabilities of the Credit Parties or the OZ Subsidiaries
incurred in the ordinary course of business but not incurred through (i) the borrowing of money or (ii) the obtaining of credit except for credit on an open account basis customarily extended and in fact extended in connection with normal
purchases of goods and services; 
 (d) Indebtedness in respect of taxes, assessments, governmental charges or levies and claims
for labor, materials and supplies to the extent that payment therefor shall not at the time be required to be made in accordance with the provisions of Section 5.3; 
 (e) Indebtedness in respect of judgments or awards only to the extent, for the period and for an amount not resulting in a Default; 

(f) endorsements for collection, deposit or negotiation and warranties of products or services, in each case incurred in the ordinary
course of business; 

  
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 (g) Indebtedness in the form of either a direct obligation of a Credit Party or OZ
Subsidiary or in the form of a guaranty by a Credit Party or OZ Subsidiary, in each case, with respect to the obligation to refund or repay management, incentive or promote fees previously received from a fund; 

(h) Indebtedness incurred by a Credit Party or OZ Subsidiary arising from agreements providing for indemnification, adjustment of
purchase price or similar obligations, or from guaranties or letters of credit, surety bonds or performance bonds securing the performance of such Credit Party or OZ Subsidiary, as applicable, pursuant to such agreements, in connection with
permitted acquisitions or permitted dispositions of any business or assets of a Credit Party or OZ Subsidiary; 
 (i)
Indebtedness which may be deemed to exist pursuant to any guaranties, performance, surety, statutory, appeal or similar obligations incurred in the ordinary course of business; 

(j) Indebtedness in respect of netting services, overdraft protections and otherwise in connection with deposit accounts; 

(k) guaranties in the ordinary course of business of the obligations of suppliers, customers, franchisees and licensees of a Credit Party
or OZ Subsidiary, as applicable; 
 (l) other unsecured Indebtedness, so long as at the time of such incurrence (x) after
giving effect to the incurrence of such Indebtedness, the Economic Income Leverage Ratio as of the end of the last Fiscal Quarter for which financial statements have been delivered pursuant to Section 5.1 does not exceed 4.00 to 1.00
and (y) no Default or Event of Default shall have occurred and be continuing; 
 (m) other unsecured Indebtedness in an
aggregate amount not to exceed at any time $150,000,000; 
 (n) Indebtedness of 57 Aviation Services, LLC (or any successor
to such entity pursuant to any transaction permitted under Section 6.7) existing on the date hereof, any additional Indebtedness of such entity or any other OZ Subsidiary (the “New Aviation Subsidiary”) (or any successor to
such entity pursuant to any transaction permitted under Section 6.7) incurred to purchase or finance one additional aircraft and related engines (including spare engines) for such aircraft, and any renewals, extensions, replacements and
refinancings of the foregoing; provided, that, the purchase price of such additional aircraft shall not exceed the price that is three times the purchase price of the aircraft currently owned by 57 Aviation Services, LLC; and 

(o) guaranties with respect to Indebtedness permitted under clauses (a) through (n) of this Section 6.1. 

6.2. Liens. No Credit Party shall, nor shall it permit any of the OZ Subsidiaries to create, incur, assume or permit to exist any
Lien on or with respect to any property or asset of any kind (including any document or instrument in respect of goods or accounts receivable) of 

  
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any Credit Party or any of the OZ Subsidiaries, whether now owned or hereafter acquired, or any income, profits or royalties therefrom, except: 

(a) Liens securing the Obligations and the “Obligations” as defined under the Existing Credit Agreement; 

(b) Liens for Taxes, assessments or governmental charges or levies not yet due or which are being contested in good faith by appropriate
proceedings diligently conducted; 
 (c) statutory Liens of landlords, banks (and rights of set-off), of carriers, warehousemen,
mechanics, repairmen, workmen, suppliers and materialmen, and other Liens imposed by law or pursuant to customary reservations or retentions of title arising in the ordinary course of business (other than any such Lien imposed pursuant to
Section 401 (a)(29) or 412(n) of the Code or by ERISA), in each case (i) for amounts not yet overdue or (ii) for amounts that are overdue, are unfiled and no other action has been taken to enforce the same or (in the case of
any such amounts overdue for a period in excess of five days) are being contested in good faith by appropriate proceedings, so long as such reserves or other appropriate provisions, if any, as shall be required by the accounting principles used in
the preparation of the Historical Financial Statements shall have been made for any such contested amounts; 
 (d) Liens
incurred in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of social security, or to secure the performance of tenders, statutory obligations, surety and appeal bonds, bids,
leases, government contracts, trade contracts, performance and return-of-money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money or other Indebtedness), so long as no foreclosure, sale or similar
proceedings have been commenced with respect to any portion of the Collateral on account thereof; 
 (e) easements,
rights-of-way, restrictions, encroachments, and other similar encumbrances and minor defects or irregularities in title, in each case which do not interfere in any material respect with the ordinary conduct of the business of any Credit Party or any
of the OZ Subsidiaries; 
 (f) any interest or title of a lessor or sublessor under any lease of real estate permitted
hereunder; 
 (g) Liens securing judgments for the payment of money (or appeal or other surety bonds relating to such judgments)
not constituting an Event of Default under Section 8.1(h); 
 (h) Liens solely on any cash earnest money deposits made by
any Credit Party or any of the OZ Subsidiaries in connection with any letter of intent or purchase agreement permitted hereunder; 
 (i) purported Liens evidenced by the filing of precautionary UCC financing statements relating solely to operating leases of personal property entered into in the ordinary course of business; 

  
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 (j) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payment of customs duties in connection with the importation of goods; 
 (k) any zoning or similar law or right reserved to or
vested in any governmental office or agency to control or regulate the use of any real property; 
 (l) Liens on the assets
of 57 Aviation Services, LLC or New Aviation Subsidiary (or any successor to such entity pursuant to any transaction permitted under Section 6.7) securing Indebtedness permitted under Section 6.1(n); 

(m) non-exclusive outbound licenses of patents, copyrights, trademarks and other intellectual property rights granted by any Credit Party
or any of the OZ Subsidiaries in the ordinary course of business and not interfering in any respect with the ordinary conduct of, or materially detracting from the value of, the business of any Credit Party or such OZ Subsidiary; and 

(n) Liens not otherwise permitted by this Section 6.2 securing obligations in an aggregate amount not to exceed $5,000,000 at any
time outstanding. 
 Notwithstanding anything to the contrary herein, no Credit Party shall, nor shall it permit any of the OZ
Subsidiaries to create, incur, assume or permit to exist any Lien with respect to any rights to payment of any incentive fees that are excluded from the Collateral. 
 6.3. Restricted Junior Payments. No Credit Party shall, nor shall it permit any of the OZ Subsidiaries through any manner or means or through any other Person to, directly or indirectly,
declare, order, pay, make or set apart, or agree to declare, order, pay, make or set apart, any sum for any Restricted Junior Payment except: 
 (a) so long as no Tax Distribution Event of Default exists immediately prior and after giving effect thereto, any Credit Party may, for any period for which such Credit Party is treated as a pass-through
entity for federal and state income tax purposes, make Restricted Junior Payments in the form of distributions for the payment of taxes in an amount equal to federal and state income taxes that would be owed (including estimated taxes), as
determined by Borrower, Advisors, Advisors II or any New Advisor in their reasonable discretion (it being understood that benefits arising from any election under Section 754 of the Code (a “754 Election”) may be disregarded in
the determination), by any Person as a result of its direct or indirect ownership and its status as a partner or single owner (for federal and state income tax purposes) of such Credit Party or an OZ Subsidiary that is treated as a pass-through
entity for federal and state income tax purposes; provided that such distributions pursuant to this clause (a) shall not exceed 50% of the taxable income of Credit Parties and such OZ Subsidiaries determined without regard to
benefits arising from any 754 Election (less any prior distributions for estimated taxes) for such period; provided further that such percentage limitation shall be correspondingly increased to the extent that relevant federal or state
tax rates increase after the Closing Date) (collectively, “Permitted Tax Distributions”); 
 (b) Restricted
Junior Payments payable solely in the Equity Interests of such Person; 

  
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 (c) any Distribution; 

(d) Restricted Junior Payments to fund payments under the Expense Allocation Agreement; 

(e) Restricted Junior Payments (i) in the form of Class A Shares and (ii) in cash made directly or indirectly from the
proceeds of any issuances of Class A Shares; 
 (f) Restricted Junior Payments to the extent they are permitted under
Section 6.7; 
 (g) to the extent not otherwise permitted under clauses (a) through (f) above, the transactions
described under the heading “Distributions and Other Payments to our Existing Owners” in the S-1; and 
 (h) to the
extent not otherwise permitted under clauses (b) through (g) above, other Restricted Junior Payments; provided that (i) no Default or Event of Default exists immediately prior to or after giving effect thereto, (ii) the
aggregate amount of such Restricted Junior Payments during the prior twelve months does not exceed 100% of Free Cash Flow for the prior twelve months and (iii) after giving effect thereto, Credit Parties have cash on hand in an amount not
less than all accrued and unpaid taxes of Credit Parties and the OZ Subsidiaries. 
 6.4. Restrictions on OZ Subsidiary
Distributions. Except as provided herein and in the Existing Credit Agreement, no Credit Party shall, nor shall it permit any OZ Subsidiary to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or
restriction of any kind on the ability of any OZ Subsidiary to (a) pay dividends or make any other distributions on any of such OZ Subsidiary’s Equity Interests owned by Borrower, Advisors, Advisors II, any New Advisor as applicable, or
any other OZ Subsidiary, (b) repay or prepay any Indebtedness owed by such OZ Subsidiary to Borrower, Advisors, Advisors II, any New Advisor as applicable, or any other OZ Subsidiary, (c) make loans or advances to Borrower, Advisors,
Advisors II, any New Advisor as applicable, or any other OZ Subsidiary, or (d) transfer, lease or license any of its material property or assets to Borrower, Advisors, Advisors II, any New Advisor as applicable, or any other OZ Subsidiary, in
each case other than restrictions (i) on the transfer of partnership interests, (ii) with respect to the assignment of interests in management agreements, (iii) by reason of customary provisions restricting assignments, subletting or
other transfers contained in leases, licenses, joint venture agreements and similar agreements entered into in the ordinary course of business, (iv) that are or were created by virtue of any transfer of, agreement to transfer or option or right
with respect to any property, assets or Equity Interest not otherwise prohibited under this Agreement or (v) described on Schedule 6.4. 
 6.5. Financial Covenants. 
 (a) Assets Under Management. The
Borrower shall not permit the total assets under management (“AUM”) of the Issuer and its Subsidiaries as reported on the Compliance Certificate, as of the last day of any Fiscal Quarter to be less than $17,500,000,000 for two
successive Fiscal Quarters. 

  
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 (b) Maximum Economic Income Leverage Ratio. The Borrower shall not permit the
Economic Income Leverage Ratio as of the last day of any Fiscal Quarter, beginning with the Fiscal Quarter ending on December 31, 2011, to exceed 4.00:1.00. 
 6.6 [Reserved]. 
 6.7 Fundamental Changes; Disposition of
Assets. No Credit Party shall, nor shall it permit any OZ Subsidiary to, enter into any transaction of merger or consolidation, or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease or
license, exchange, transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of its business, assets or property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible,
whether now owned or hereafter acquired, leased or licensed, except: 
 (a) any Credit Party may be merged with or into another
Credit Party, or be liquidated, wound up or dissolved, or all or any part of its business, property or assets may be conveyed, sold, leased, transferred or otherwise disposed of, in one transaction or a series of transactions, to a Credit Party;

 (b) upon 20 days prior written notice to Administrative Agent, any Credit Party may change its name, state of
formation or form of organization; 
 (c) any Credit Party may be merged or consolidated with or into any Subsidiary; provided
that such Credit Party is the surviving entity; 
 (d) any OZ Subsidiary that is not a Credit Party may be merged or
consolidated with or into any other OZ Subsidiary that is not a Credit Party; 
 (e) sales or other dispositions of assets that
do not constitute Asset Sales; 
 (f) Asset Sales, so long as, after giving effect to such Asset Sale, the Economic Income
Leverage Ratio does not exceed 4.00 to 1.00; 
 (g) any OZ Subsidiary that is not a Credit Party may dissolve,
liquidate or wind up its affairs at any time provided that such dissolution, liquidation or winding up, as applicable, would not reasonably be expected to have a Material Adverse Effect; 

(h) disposals of obsolete, worn out or surplus property; and 
 (i) any Credit Party or OZ Subsidiary may make an Asset Sale to the extent it would be permitted under Section 6.3. 
 It is understood and agreed that this Section 6.7 shall not prohibit any change in ownership of a Credit Party or an OZ Subsidiary that is not a Credit Party that does not cause a Change of Control
as long as such Person remains a Credit Party, if it was a Credit Party, and all Liens on the assets of such Person, if any, remain in full force and effect. 
 6.8 [Reserved]. 

  
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 6.9 [Reserved]. 

6.10 Transactions with Shareholders and Affiliates. No Credit Party shall, nor shall it permit any OZ Subsidiary to, directly or
indirectly, enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate of a Credit Party, on terms that are substantially less favorable to such
Credit Party or such OZ Subsidiary, as the case may be, than those that might be obtained in a comparable arms-length transaction at the time from a Person who is not an Affiliate; provided, the foregoing restriction shall not apply to
(a) any transaction among any of Borrower and any Guarantor; (b) reasonable and customary compensation, reimbursement and other fees paid to members of the board of directors (or similar governing body) of Credit Parties, the OZ
Subsidiaries and their Affiliates; (c) compensation and reimbursement arrangements for officers and other employees of Credit Parties, the OZ Subsidiaries and their Affiliates entered into in the ordinary course of business; (d) advances
to officers of Credit Parties for personal expenses; (e) use of corporate aircraft for personal use; (f) advances of working capital to any Credit Party, (g) transfers of cash and assets to any Credit Party; (h) intercompany
transactions expressly permitted by Section 6.1, Section 6.3 or Section 6.7; (i) investments in OZ Funds by officers, directors and Affiliates without the payment of normal fees or charges related thereto; or
(j) transactions occurring in connection with the Equity Offering. 
 6.11 Conduct of Business. From and after the
Closing Date, no Credit Party shall, nor shall it permit any OZ Subsidiary to, engage in any material line of business substantially different from (i) the investment management and financial services business or any business ancillary thereto
and (ii) such other lines of business as may be consented to by Requisite Lenders. 
 6.12 Repurchases and Prepayments
under the Existing Credit Agreement. Other than pursuant to the Borrower Repurchase Transaction on the Initial Availability Date, neither Borrower nor any of its Subsidiaries shall voluntarily prepay, repurchase or redeem any Existing Term Loans
during the Blackout Period. 
 6.13 Amendments or Waivers of Organizational Documents and Certain Agreements. No Credit
Party shall nor shall it permit any OZ Subsidiary to, amend, modify or waive any of its organizational documents, the Expense Allocation Agreement, the Existing Credit Agreement or the Collateral Documents in a manner materially adverse to the
Lenders without obtaining the prior written consent of the Required Lenders. 
 6.14 Fiscal Year. Without the prior
written consent of Administrative Agent, no Credit Party shall, nor shall it permit any OZ Subsidiary to, change its Fiscal Year-end from December 31 unless such change in Fiscal Year-end is required by any decree, order, statute, rule or
governmental regulation applicable to such Credit Party or OZ Subsidiary. 
 SECTION 7. GUARANTY 

7.1. Guaranty of the Obligations. Subject to the provisions of Section 7.2, Guarantors jointly and severally hereby
irrevocably and unconditionally guaranty to Administrative Agent for the ratable benefit of the Beneficiaries the due and punctual payment in 

  
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full of all Obligations when the same shall become due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts that would become due
but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)) (collectively, the “Guaranteed Obligations”). 

7.2. Contribution by Guarantors. All Guarantors desire to allocate among themselves (collectively, the “Contributing
Guarantors”), in a fair and equitable manner, their obligations arising under this Guaranty. Accordingly, in the event any payment or distribution is made on any date by a Guarantor (a “Funding Guarantor”) under this
Guaranty such that its Aggregate Payments exceeds its Fair Share as of such date, such Funding Guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in an amount sufficient to cause each Contributing
Guarantor’s Aggregate Payments to equal its Fair Share as of such date. “Fair Share” means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (a) the ratio of (i) the Fair
Share Contribution Amount with respect to such Contributing Guarantor to (ii) the aggregate of the Fair Share Contribution Amounts with respect to all Contributing Guarantors multiplied by (b) the aggregate amount paid or distributed on or
before such date by all Funding Guarantors under this Guaranty in respect of the obligations Guaranteed. “Fair Share Contribution Amount” means, with respect to a Contributing Guarantor as of any date of determination, the maximum
aggregate amount of the obligations of such Contributing Guarantor under this Guaranty that would not render its obligations hereunder or thereunder subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11
of the United States Code or any comparable applicable provisions of state law; provided, solely for purposes of calculating the “Fair Share Contribution Amount” with respect to any Contributing Guarantor for purposes of this
Section 7.2, any assets or liabilities of such Contributing Guarantor arising by virtue of any rights to subrogation, reimbursement or indemnification or any rights to or obligations of contribution hereunder shall not be considered as assets
or liabilities of such Contributing Guarantor. “Aggregate Payments” means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (1) the aggregate amount of all payments and distributions
made on or before such date by such Contributing Guarantor in respect of this Guaranty (including in respect of this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date by such Contributing
Guarantor from the other Contributing Guarantors as contributions under this Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable
Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2 shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder. Each Guarantor is a third
party beneficiary to the contribution agreement set forth in this Section 7.2. 
 7.3. Payment by Guarantors.
Subject to Section 7.2, Guarantors hereby jointly and severally agree, in furtherance of the foregoing and not in limitation of any other right which any Beneficiary may have at law or in equity against any Guarantor by virtue hereof, that upon
the failure of Borrower to pay any of the Guaranteed Obligations when and as the same shall become due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts that would become due but
for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)), Guarantors will upon demand pay, or cause to be paid, in Cash, to Administrative Agent for the ratable benefit of 

  
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Beneficiaries, an amount equal to the sum of the unpaid principal amount of all Guaranteed Obligations then due as aforesaid, accrued and unpaid interest on such Guaranteed Obligations (including
interest which, but for Borrower’s becoming the subject of a case under the Bankruptcy Code, would have accrued on such Guaranteed Obligations, whether or not a claim is allowed against Borrower for such interest in the related bankruptcy case)
and all other Guaranteed Obligations then owed to Beneficiaries as aforesaid. 
 7.4. Liability of Guarantors Absolute.
Each Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety other than payment
in full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof, each Guarantor agrees as follows: 
 (a) this Guaranty is a guaranty of payment when due and not of collectability. This Guaranty is a primary obligation of each Guarantor and not merely a contract of surety; 

(b) the obligations of each Guarantor hereunder are independent of the obligations of Borrower and the obligations of any other guarantor
(including any other Guarantor) of the obligations of Borrower, and a separate action or actions may be brought and prosecuted against such Guarantor whether or not any action is brought against Borrower or any of such other guarantors and whether
or not Borrower is joined in any such action or actions; 
 (c) payment by any Guarantor of a portion, but not all, of the
Guaranteed Obligations shall in no way limit, affect, modify or abridge any Guarantor’s liability for any portion of the Guaranteed Obligations which has not been paid. Without limiting the generality of the foregoing, if Administrative Agent
is awarded a judgment in any suit brought to enforce any Guarantor’s covenant to pay a portion of the Guaranteed Obligations, such judgment shall not be deemed to release such Guarantor from its covenant to pay the portion of the Guaranteed
Obligations that is not the subject of such suit, and such judgment shall not, except to the extent satisfied by such Guarantor, limit, affect, modify or abridge any other Guarantor’s liability hereunder in respect of the Guaranteed
Obligations; 
 (d) any Beneficiary, upon such terms as it deems appropriate, and subject to the provisions of this Agreement
and the other Credit Documents, without notice or demand and without affecting the validity or enforceability hereof or giving rise to any reduction, limitation, impairment, discharge or termination of any Guarantor’s liability hereunder, from
time to time may (i) renew, extend, accelerate, increase the rate of interest on, or otherwise change the time, place, manner or terms of payment of the Guaranteed Obligations; (ii) settle, compromise, or release or discharge with respect
to, or substitutions for, the Guaranteed Obligations or any agreement relating thereto and/or subordinate the payment of the same to the payment of any other obligations; (iii) request and accept other guaranties of the Guaranteed Obligations
and take and hold security for the payment hereof or the Guaranteed Obligations; (iv) release, surrender, exchange, substitute, compromise, settle, rescind, waive, alter, subordinate or modify, with or without consideration, any security for
payment of the Guaranteed Obligations, any other guaranties of the Guaranteed Obligations, or any other obligation of any Person (including any other Guarantor) with respect to the Guaranteed Obligations; (v) enforce and apply any security

  
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now or hereafter held by or for the benefit of such Beneficiary in respect hereof or the Guaranteed Obligations and direct the order or manner of sale thereof, or exercise any other right or
remedy that such Beneficiary may have against any such security, in each case as such Beneficiary in its discretion may determine consistent herewith or the applicable Hedge Agreement and any applicable security agreement, including foreclosure on
any such security pursuant to one or more judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable, and even though such action operates to impair or extinguish any right of reimbursement or subrogation
or other right or remedy of any Guarantor against Borrower or any security for the Guaranteed Obligations; and (vi) exercise any other rights available to it under the Credit Documents or any Hedge Agreements; and 

(e) this Guaranty and the obligations of Guarantors hereunder shall be valid and enforceable and shall not be subject to any reduction,
limitation, impairment, discharge or termination for any reason (other than payment in full of the Guaranteed Obligations), including the occurrence of any of the following, whether or not any Guarantor shall have had notice or knowledge of any of
them: (i) any failure or omission to assert or enforce or agreement or election not to assert or enforce, or the stay or enjoining, by order of court, by operation of law or otherwise, of the exercise or enforcement of, any claim or demand or
any right, power or remedy (whether arising under the Credit Documents or any Hedge Agreements, at law, in equity or otherwise) with respect to the Guaranteed Obligations or any agreement relating thereto, or with respect to any other guaranty of or
security for the payment of the Guaranteed Obligations; (ii) any rescission, waiver, amendment or modification of, or any consent to departure from, any of the terms or provisions (including provisions relating to events of default) hereof, any
of the other Credit Documents, any of the Hedge Agreements or any agreement or instrument executed pursuant thereto, or of any other guaranty or security for the Guaranteed Obligations, in each case whether or not in accordance with the terms hereof
or such Credit Document, such Hedge Agreement or any agreement relating to such other guaranty or security; (iii) the Guaranteed Obligations, or any agreement relating thereto, at any time being found to be illegal, invalid or unenforceable in
any respect; (iv) the application of payments received from any source (other than payments received pursuant to the other Credit Documents or any of the Hedge Agreements or from the proceeds of any security for the Guaranteed Obligations,
except to the extent such security also serves as collateral for indebtedness other than the Guaranteed Obligations) to the payment of indebtedness other than the Guaranteed Obligations, even though any Beneficiary might have elected to apply such
payment to any part or all of the Guaranteed Obligations; (v) any Beneficiary’s consent to the change, reorganization or termination of the corporate structure or existence of any Credit Party or any OZ Subsidiary and to any corresponding
restructuring of the Guaranteed Obligations; (vi) any failure to perfect or continue perfection of a security interest in any collateral which secures any of the Guaranteed Obligations; (vii) any defenses, set-offs or counterclaims which
Borrower may allege or assert against any Beneficiary in respect of the Guaranteed Obligations, including failure of consideration, breach of warranty, payment, statute of frauds, accord and satisfaction and usury; and (viii) any other act or
thing or omission, or delay to do any other act or thing, which may or might in any manner or to any extent vary the risk of any Guarantor as an obligor in respect of the Guaranteed Obligations. 

7.5. Waivers by Guarantors. Each Guarantor hereby waives, for the benefit of Beneficiaries: (a) any right to require any
Beneficiary, as a condition of payment or performance by such Guarantor, to (i) proceed against Borrower, any other guarantor (including any other 

  
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Guarantor) of the Guaranteed Obligations or any other Person, (ii) proceed against or exhaust any security held from Borrower, any such other guarantor or any other Person,
(iii) proceed against or have resort to any balance of any Deposit Account or credit on the books of any Beneficiary in favor of Borrower or any other Person, or (iv) pursue any other remedy in the power of any Beneficiary whatsoever;
(b) any defense arising by reason of the incapacity, lack of authority or any disability or other defense of Borrower or any other Guarantor including any defense based on or arising out of the lack of validity or the unenforceability of the
Guaranteed Obligations or any agreement or instrument relating thereto or by reason of the cessation of the liability of Borrower or any other Guarantor from any cause other than payment in full of the Guaranteed Obligations; (c) any defense
based upon any statute or rule of law which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than that of the principal; (d) any defense based upon any Beneficiary’s errors or
omissions in the administration of the Guaranteed Obligations, except behavior which amounts to bad faith; (e) (i) any principles or provisions of law, statutory or otherwise, which are or might be in conflict with the terms hereof and any
legal or equitable discharge of such Guarantor’s obligations hereunder, (ii) any rights to set-offs, recoupments and counterclaims, and (iii) promptness (subject to any applicable statute of limitations), diligence and any requirement
that any Beneficiary protect, secure, perfect or insure any security interest or lien or any property subject thereto; and (f) any defenses or benefits that may be derived from or afforded by law which limit the liability of or exonerate
guarantors or sureties, or which may conflict with the terms hereof. 
 7.6. Guarantors’ Rights of Subrogation,
Contribution, etc. Until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor hereby waives any claim, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against Borrower or any
other Guarantor or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right or remedy arises in equity, under contract, by statute, under common law
or otherwise and including (a) any right of subrogation, reimbursement or indemnification that such Guarantor now has or may hereafter have against Borrower with respect to the Guaranteed Obligations, (b) any right to enforce, or to
participate in, any claim, right or remedy that any Beneficiary now has or may hereafter have against Borrower, and (c) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary. In
addition, until the Guaranteed Obligations shall have been indefeasibly paid in full, each Guarantor shall withhold exercise of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the
Guaranteed Obligations, including, without limitation, any such right of contribution as contemplated by Section 7.2. Each Guarantor further agrees that, to the extent the waiver or agreement to withhold the exercise of its rights of
subrogation, reimbursement, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement or indemnification such Guarantor may have
against Borrower or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Beneficiary may have against Borrower, to all right,
title and interest any Beneficiary may have in any such collateral or security, and to any right any Beneficiary may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement,
indemnification or contribution rights at any time when all Guaranteed Obligations shall not 

  
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have been finally and indefeasibly paid in full, such amount shall be held in trust for Administrative Agent on behalf of Beneficiaries and shall forthwith be paid over to Administrative Agent
for the benefit of Beneficiaries to be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof. 
 7.7. Subordination of Other Obligations. Any Indebtedness of Borrower or any Guarantor now or hereafter held by any Guarantor (the “Obligee Guarantor”) is hereby subordinated in
right of payment to the Guaranteed Obligations, and any such indebtedness collected or received by the Obligee Guarantor after an Event of Default has occurred and is continuing shall be held in trust for Administrative Agent on behalf of
Beneficiaries and shall forthwith be paid over to Administrative Agent for the benefit of Beneficiaries to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability of the
Obligee Guarantor under any other provision hereof. 
 7.8. Continuing Guaranty. This Guaranty is a continuing guaranty
and shall remain in effect until all of the Guaranteed Obligations shall have been paid in full. Each Guarantor hereby irrevocably waives any right to revoke this Guaranty as to future transactions giving rise to any Guaranteed Obligations.

 7.9. Authority of Guarantors or Borrower. It is not necessary for any Beneficiary to inquire into the capacity or
powers of any Guarantor or Borrower or the officers, directors or any agents acting or purporting to act on behalf of any of them. 
 7.10. Financial Condition of Borrower. Any Credit Extension may be made to Borrower or continued from time to time, and any Hedge Agreements may be entered into from time to time, in each case
without notice to or authorization from any Guarantor regardless of the financial or other condition of Borrower at the time of any such grant or continuation or at the time such Hedge Agreement is entered into, as the case may be. No Beneficiary
shall have any obligation to disclose or discuss with any Guarantor its assessment, or any Guarantor’s assessment, of the financial condition of Borrower. Each Guarantor has adequate means to obtain information from Borrower on a continuing
basis concerning the financial condition of Borrower and its ability to perform its obligations under the Credit Documents and the Hedge Agreements, and each Guarantor assumes the responsibility for being and keeping informed of the financial
condition of Borrower and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations. Each Guarantor hereby waives and relinquishes any duty on the part of any Beneficiary to disclose any matter, fact or thing relating to
the business, operations or conditions of Borrower now known or hereafter known by any Beneficiary. 
 7.11. Bankruptcy,
etc. (a) So long as any Guaranteed Obligations remain outstanding, no Guarantor shall, without the prior written consent of Administrative Agent acting pursuant to the instructions of Requisite Lenders, commence or join with any other Person in
commencing any bankruptcy, reorganization or insolvency case or proceeding of or against Borrower or any other Guarantor. The obligations of Guarantors hereunder shall not be reduced, limited, impaired, discharged, deferred, suspended or terminated
by any case or proceeding, voluntary or involuntary, involving the bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of Borrower or any other Guarantor or by any defense which 

  
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Borrower or any other Guarantor may have by reason of the order, decree or decision of any court or administrative body resulting from any such proceeding. 

(b) Each Guarantor acknowledges and agrees that any interest on any portion of the Guaranteed Obligations which accrues after the
commencement of any case or proceeding referred to in clause (a) above (or, if interest on any portion of the Guaranteed Obligations ceases to accrue by operation of law by reason of the commencement of such case or proceeding, such interest as
would have accrued on such portion of the Guaranteed Obligations if such case or proceeding had not been commenced) shall be included in the Guaranteed Obligations because it is the intention of Guarantors and Beneficiaries that the Guaranteed
Obligations which are guaranteed by Guarantors pursuant hereto should be determined without regard to any rule of law or order which may relieve Borrower of any portion of such Guaranteed Obligations. Guarantors will permit any trustee in
bankruptcy, receiver, debtor in possession, assignee for the benefit of creditors or similar Person to pay Administrative Agent, or allow the claim of Administrative Agent in respect of, any such interest accruing after the date on which such case
or proceeding is commenced. 
 (c) In the event that all or any portion of the Guaranteed Obligations are paid by Borrower, the
obligations of Guarantors hereunder shall continue and remain in full force and effect or be reinstated, as the case may be, in the event that all or any part of such payment(s) are rescinded or recovered directly or indirectly from any Beneficiary
as a preference, fraudulent transfer or otherwise, and any such payments which are so rescinded or recovered shall constitute Guaranteed Obligations for all purposes hereunder. 

7.12. Discharge of Guaranty Upon Sale of Guarantor. If all of the Equity Interests of any Guarantor or any of its successors in
interest hereunder shall be sold or otherwise disposed of (including by merger or consolidation) in accordance with the terms and conditions hereof, the Guaranty of such Guarantor or such successor in interest, as the case may be, hereunder shall
automatically be discharged and released without any further action by any Beneficiary or any other Person effective as of the time of such Asset Sale. 
 SECTION 8. EVENTS OF DEFAULT 
 8.1. Events of Default. If any one or
more of the following conditions or events shall occur: 
 (a) Failure to Make Payments When Due. Failure by Borrower to
pay (i) when due any installment of principal of any Loan, whether at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; or (ii) any interest on any Loan or any fee or any other
amount due hereunder within five Business Days after receiving notice from Administrative Agent of such failure to pay; or 

(b) Default in Other Agreements. (i) Failure of any Credit Party or any of the OZ Subsidiaries to pay when due any principal
of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in Section 8.1 (a)) in an aggregate principal amount of $50,000,000 or more (including, but not limited to,
Indebtedness incurred pursuant to the Existing Credit Agreement), in each case beyond the grace 

  
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period, if any, provided therefor; or (ii) breach or default by any Credit Party with respect to (x) any other terms in the case of Indebtedness incurred pursuant to the Existing Credit
Agreement and (y) any other material term in the case of other Indebtedness, which in either case is, in the individual or aggregate principal amounts referred to in clause (i) above or any loan agreement, mortgage, indenture or other
agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, if any, provided therefor, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf
of such holder or holders), to cause, that Indebtedness to become or be declared due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be; 

(c) Breach of Certain Covenants. Failure of any Credit Party to perform or comply with any term or condition contained in
Section 5.1(e)(i), Section 5.2 or Section 6; or 
 (d) Breach of Representations, etc. Any representation,
warranty, certification or other statement made or deemed made by any Credit Party in any Credit Document or in any statement or certificate at any time given by any Credit Party or any OZ Subsidiary in writing pursuant hereto or thereto or in
connection herewith or therewith shall be false in any material respect as of the date made or deemed made; or 
 (e) Other
Defaults Under Credit Documents. Any Credit Party shall default in the performance of or compliance with any term contained herein or any of the other Credit Documents, other than any such term referred to in this Section 8.1, and such
default shall not have been remedied or waived within thirty days after the earlier of (i) an officer of such Credit Party becoming aware of such default or (ii) receipt by Borrower of notice from Administrative Agent of such default; or

 (f) Involuntary Bankruptcy; Appointment of Receiver, etc. (i) A court of competent jurisdiction shall enter a
decree or order for relief in respect of any Credit Party or any OZ Subsidiary in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is
not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against any Credit Party or any OZ Subsidiary under the Bankruptcy Code or under any other
applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having
similar powers over any Credit Party or any OZ Subsidiary, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian of any
Credit Party or any OZ Subsidiary for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of any Credit Party or any OZ Subsidiary,
and any such event described in this clause (ii) shall continue for sixty days without having been dismissed, bonded or discharged; or 
 (g) Voluntary Bankruptcy; Appointment of Receiver, etc. (i) Any Credit Party or any OZ Subsidiary shall have an order for relief entered with respect to it or shall commence a voluntary case
under the Bankruptcy Code or under any other applicable 

  
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bankruptcy, insolvency or similar law now or hereafter in effect, or shall consent to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a
voluntary case, under any such law, or shall consent to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property; or any Credit Party or any OZ Subsidiary shall make any
assignment for the benefit of creditors; or (ii) any Credit Party or any OZ Subsidiary shall be unable, or shall fail generally, or shall admit in writing its inability, to pay its debts in excess of $50,000,000 as such debts become due; or the
board of directors (or similar governing body) of any Credit Party or any OZ Subsidiary (or any committee thereof) shall adopt any resolution or otherwise authorize any action to approve any of the actions referred to herein or in
Section 8.1(f); or 
 (h) Judgments and Attachments. Any final money judgment, writ or warrant of attachment or
similar process involving in the aggregate at any time an amount in excess of $50,000,000 (in either case to the extent not adequately covered by insurance as to which a solvent and unaffiliated insurance company has acknowledged coverage) shall be
entered or filed against any Credit Party or any OZ Subsidiary or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of sixty days (or in any event later than five days prior to the date of any
proposed sale thereunder); or 
 (i) Employee Benefit Plans. (i) There shall occur one or more ERISA Events which
individually or in the aggregate results in or might reasonably be expected to result in liability of any Credit Party, any OZ Subsidiary or any of their respective ERISA Affiliates in excess of $80,000,000 during the term hereof; or (ii) there
exists any fact or circumstance that reasonably could be expected to result in the imposition of a Lien or security interest under Section 412(n) of the Code or under ERISA. 

(j) Change of Control. A Change of Control shall occur; or 

(k) Guaranties, Collateral Documents and other Credit Documents. At any time after the execution and delivery thereof,
(i) the Guaranty for any reason, other than the satisfaction in full of all Obligations, shall cease to be in full force and effect (other than in accordance with its terms) or shall be declared to be null and void or any Guarantor shall
repudiate its obligations thereunder, (ii) this Agreement or any Collateral Document ceases to be in full force and effect (other than by reason of a release of Collateral in accordance with the terms hereof or thereof or the satisfaction in
full of the Obligations in accordance with the terms hereof) or shall be declared null and void, or Administrative Agent shall not have or shall cease to have a valid and perfected Lien in any Collateral purported to be covered by the Collateral
Documents with the priority required by the relevant Collateral Document, in each case for any reason other than the failure of Administrative Agent or any Secured Party to take any action within its control, or (iii) any Credit Party shall
contest the validity or enforceability of any Credit Document in writing or deny in writing that it has any further liability, including with respect to future advances by Lenders, under any Credit Document to which it is a party or shall contest
the validity or perfection of any Lien in any Collateral purported to be covered by the Collateral Documents; 
 THEN, (1) upon the
occurrence of any Event of Default described in Section 8.1(f) or 8.1(g), automatically, and (2) upon the occurrence of any other Event of Default, at the request of (or 

  
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with the consent of) Requisite Lenders, upon notice to Borrower by Administrative Agent, (A) each of the following shall immediately become due and payable, in each case without presentment,
demand, protest or other requirements of any kind, all of which are hereby expressly waived by each Credit Party: (I) the unpaid principal amount of and accrued interest on the Loans and (II) all other Obligations; and
(B) Administrative Agent may enforce any and all Liens and security interests created pursuant to Collateral Documents. 

8.2. Borrowers’ Right to Cure. Notwithstanding anything to the contrary contained in Section 8.1, for purposes of
determining whether an Event of Default has occurred under any financial covenant set forth in Section 6.5, any equity contribution (in the form of common equity or other equity having terms reasonably acceptable to Administrative Agent) made
to Borrower after the last day of any Fiscal Quarter and on or prior to the day that is 10 days after the day on which financial statements are required to be delivered for that Fiscal Quarter will, at the request of Borrower, be included as
additional management fee revenue in the calculation of Combined Economic Income solely for the purposes of determining compliance with such financial covenants at the end of such Fiscal Quarter and any subsequent period that includes such Fiscal
Quarter (any such equity contribution, a “Specified Equity Contribution”); provided that (a) Borrower shall not be permitted to so request that separate Specified Equity Contributions be made in more than two Fiscal Quarters in
any Relevant Four Quarter Fiscal Period and separate Specified Equity Contributions can only be made in three Fiscal Quarters during the term of this Agreement, (b) the amount of any Specified Equity Contribution will be no greater than the
amount required to cause Borrower to be in compliance with the financial covenants, (c) all Specified Equity Contributions and the use of proceeds therefrom will be disregarded for all other purposes under the Credit Documents and (d) if,
after giving effect to any Specified Equity Contribution, Borrower would be in compliance with the financial covenants contained in Section 6.5(b) after giving effect to the provisions of this Section 8.2, no Default or Event of Default
shall be deemed to have existed at any time with respect to such financial covenants for the relevant Fiscal Quarter. To the extent that the proceeds of the Specified Equity Contribution are used to repay Indebtedness, such Indebtedness shall not be
deemed to have been repaid for purposes of calculating any financial covenant set forth in Section 6.5 for the Relevant Four Fiscal Quarter Period. For purposes of this paragraph, the term “Relevant Four Fiscal Quarter Period” shall
mean, with respect to any requested Specified Equity Contribution, the four Fiscal Quarter period ending on (and including) the Fiscal Quarter in which Combined Economic Income will be increased as a result of such Specified Equity Contribution.

 SECTION 9. AGENT 
 9.1. Appointment of Administrative Agent. GSLP is hereby appointed Administrative Agent hereunder and under the other Credit Documents and each Lender hereby authorizes GSLP to act as
Administrative Agent in accordance with the terms hereof and the other Credit Documents. Administrative Agent hereby agrees to act in its capacity as such upon the express conditions contained herein and the other Credit Documents, as applicable.
The provisions of this Section 9 are solely for the benefit of Administrative Agent and Lenders and no Credit Party shall have any rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties
hereunder, Administrative Agent shall act solely as an 

  
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agent of Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for any Credit Party or any OZ Subsidiary or any of
their respective Affiliates. Administrative Agent, without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. 

9.2. Powers and Duties. Each Lender irrevocably authorizes Administrative Agent to take such action on such Lender’s
behalf and to exercise such powers, rights and remedies hereunder and under the other Credit Documents as are specifically delegated or granted to Administrative Agent by the terms hereof and thereof, together with such powers, rights and remedies
as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities that are expressly specified herein and the other Credit Documents. Administrative Agent may exercise such powers, rights and remedies and
perform such duties by or through its agents or employees. Administrative Agent shall not have, by reason hereof or any of the other Credit Documents, a fiduciary relationship in respect of any Lender or any other Person; and nothing herein or any
of the other Credit Documents, expressed or implied, is intended to or shall be so construed as to impose upon Administrative Agent any obligations in respect hereof or any of the other Credit Documents except as expressly set forth herein or
therein. 
 9.3. General Immunity. 
 (a) No Responsibility for Certain Matters. Administrative Agent shall not be responsible to any Lender for the execution, effectiveness, genuineness, validity, enforceability, collectability or
sufficiency hereof or any other Credit Document or for any representations, warranties, recitals or statements made herein or therein or made in any written or oral statements or in any financial or other statements, instruments, reports or
certificates or any other documents furnished or made by Administrative Agent to Lenders or by or on behalf of any Credit Party, or to any Lender in connection with the Credit Documents and the transactions contemplated thereby or for the financial
condition or business affairs of any Credit Party or any other Person liable for the payment of any Obligations, nor shall Administrative Agent be required to ascertain or inquire as to the performance or observance of any of the terms, conditions,
provisions, covenants or agreements contained in any of the Credit Documents or as to the use of the proceeds of the Loans or as to the existence or possible existence of any Event of Default or Default or to make any disclosures with respect to the
foregoing. Anything contained herein to the contrary notwithstanding, Administrative Agent shall not have any liability arising from confirmations of the amount of outstanding Loans. 

(b) Exculpatory Provisions. Neither Administrative Agent nor any of its officers, partners, directors, employees or agents shall
be liable to Lenders for any action taken or omitted by Administrative Agent under or in connection with any of the Credit Documents except to the extent caused by Administrative Agent’s gross negligence or willful misconduct, in each case as
determined by a final non appealable judgment of a court of competent jurisdiction. Administrative Agent shall be entitled to refrain from any act or the taking of any action (including the failure to take an action) in connection herewith or any of
the other Credit Documents or from the exercise of any power, discretion or authority vested in it hereunder or thereunder unless and until Administrative Agent shall have received instructions in respect thereof from Requisite Lenders (or such
other Lenders as may be required to give such 

  
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instructions under Section 10.5) and, upon receipt of such instructions from Requisite Lenders (or such other Lenders, as the case may be), Administrative Agent shall be entitled to act or
(where so instructed) refrain from acting, or to exercise such power, discretion or authority, in accordance with such instructions. Without prejudice to the generality of the foregoing, (i) Administrative Agent shall be entitled to rely, and
shall be fully protected in relying, upon any communication, instrument or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be protected in
relying on opinions and judgments of attorneys (who may be attorneys for Credit Parties and the OZ Subsidiaries), accountants, experts and other professional advisors selected by it; and (ii) no Lender shall have any right of action whatsoever
against Administrative Agent as a result of Administrative Agent acting or (where so instructed) refraining from acting hereunder or any of the other Credit Documents in accordance with the instructions of Requisite Lenders (or such other Lenders as
may be required to give such instructions under Section 10.5). 
 (c) Delegation of Duties. Administrative Agent may
perform any and all of its duties and exercise its rights and powers under this Agreement or under any other Credit Document by or through any one or more sub-agents appointed by Administrative Agent. Administrative Agent and any such sub- agent may
perform any and all of its duties and exercise its rights and powers by or through their respective Affiliates. The exculpatory, indemnification and other provisions of this Section 9.3 and of Section 9.6 shall apply to any the Affiliates
of Administrative 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. All of the rights, benefits, and privileges
(including the exculpatory and indemnification provisions) of this Section 9.3 and of Section 9.6 shall apply to any such sub-agent and to the Affiliates of any such sub-agent, and shall apply to their respective activities as sub-agent as
if such sub-agent and Affiliates were named herein. Notwithstanding anything herein to the contrary, with respect to each sub-agent appointed by Administrative Agent, (i) such sub-agent shall be a third party beneficiary under this Agreement
with respect to all such rights, benefits and privileges (including exculpatory rights and rights to indemnification) and shall have all of the rights and benefits of a third party beneficiary, including an independent right of action to enforce
such rights, benefits and privileges (including exculpatory rights and rights to indemnification) directly, without the consent or joinder of any other Person, against any or all of the Credit Parties and the Lenders, (ii) such rights, benefits
and privileges (including exculpatory rights and rights to indemnification) shall not be modified or amended without the consent of such sub-agent, and (iii) such sub-agent shall only have obligations to Administrative Agent and not to any
Credit Party, Lender or any other Person and no Credit Party, Lender or any other Person shall have any rights, directly or indirectly, as a third party beneficiary or otherwise, against such sub-agent. 

9.4. Administrative Agent Entitled to Act as Lender. The agency hereby created shall in no way impair or affect any of the
rights and powers of, or impose any duties or obligations upon, Administrative Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans, Administrative Agent shall have the same rights and powers
hereunder as any other Lender and may exercise the same as if it were not performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the context clearly otherwise indicates, include Administrative
Agent in its individual capacity. Administrative Agent and its Affiliates may accept deposits from, lend money to, own securities 

  
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of, and generally engage in any kind of banking, trust, financial advisory or other business with any Credit Party or any of their respective Affiliates as if it were not performing the duties
specified herein, and may accept fees and other consideration from Borrower, other Credit Parties and their respective Affiliates for services in connection herewith and otherwise without having to account for the same to Lenders. 

9.5. Lenders’ Representations, Warranties and Acknowledgment. 

(a) Each Lender represents and warrants that it has made its own independent investigation of the financial condition and affairs of
Credit Parties and the OZ Subsidiaries in connection with Credit Extensions hereunder and that it has made and shall continue to make its own appraisal of the creditworthiness of Credit Parties and the OZ Subsidiaries. Administrative Agent and
Collateral Administrative Agent shall not have any duty or responsibility, either initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit or other
information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter, and Administrative Agent and Collateral Administrative Agent shall not have any responsibility with respect to
the accuracy of or the completeness of any information provided to Lenders. 
 (b) Each Lender, by delivering its signature page
to this Agreement, an Assignment Agreement, shall be deemed to have acknowledged receipt of, and consented to and approved, each Credit Document and each other document required to be approved by Administrative Agent, Collateral Administrative
Agent, Requisite Lenders or Lenders, as applicable on the Closing Date. 
 9.6. Right to Indemnity. Each
Lender, in proportion to its Pro Rata Share, severally agrees to indemnify Administrative Agent, to the extent that Administrative Agent shall not have been reimbursed by any Credit Party, for and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against Administrative Agent in
exercising its powers, rights and remedies or performing its duties hereunder or under the other Credit Documents or otherwise in its capacity as Administrative Agent in any way relating to or arising out of this Agreement or the other Credit
Documents; provided, no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from Administrative Agent’s gross
negligence or willful misconduct. If any indemnity furnished to Administrative Agent for any purpose shall, in the opinion of Administrative Agent, be insufficient or become impaired, Administrative Agent may call for additional indemnity and cease,
or not commence, to do the acts indemnified against until such additional indemnity is furnished; provided, in no event shall this sentence require any Lender to indemnify Administrative Agent against any liability, obligation, loss, damage,
penalty, action, judgment, suit, cost, expense or disbursement in excess of such Lender’s Pro Rata Share thereof; and provided further, this sentence shall not be deemed to require any Lender to indemnify Administrative Agent
against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement described in the proviso in the immediately preceding sentence. 

  
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 9.7. Successor Administrative Agent. Administrative Agent may resign at
any time by giving thirty days’ prior written notice thereof to Lenders and Borrower, and Administrative Agent may be removed at any time with or without cause by an instrument or concurrent instruments in writing delivered to Borrower and
Administrative Agent and signed by Requisite Lenders. Upon any such notice of resignation or any such removal, Requisite Lenders shall have the right, upon five Business Days’ notice to Borrower, to appoint a successor Administrative Agent.
Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Administrative Agent, that successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the
retiring or removed Administrative Agent and the retiring or removed Administrative Agent shall promptly (i) transfer to such successor Administrative Agent all sums, Securities and other items of Collateral held under the Collateral Documents,
together with all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Administrative Agent under the Credit Documents, and (ii) execute and deliver to such successor
Administrative Agent such amendments to financing statements, and take such other actions, as may be necessary or appropriate in connection with the assignment to such successor Administrative Agent of the security interests created under the
Collateral Documents, whereupon such retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder. If the Requisite Lenders have not appointed a successor Administrative Agent, Administrative Agent shall
have the right to appoint a financial institution to act as Administrative Agent hereunder and in any case, Administrative Agent’s resignation shall become effective on the thirtieth day after such notice of resignation. If neither the
Requisite Lenders nor Administrative Agent have appointed a successor Administrative Agent, the Requisite Lenders shall be deemed to succeeded to and become vested with all the rights, powers, privileges and duties of the retiring Administrative
Agent. After any retiring or removed Administrative Agent’s resignation or removal hereunder as Administrative Agent, the provisions of this Section 9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it
was Administrative Agent hereunder. 
 9.8. Collateral and Guaranty. 

(a) Agents under Collateral Documents and Guaranty. Each Lender hereby further appoints and authorizes Goldman Sachs Credit
Partners L.P., the administrative agent under the Existing Credit Agreement, on behalf of and for the benefit of Secured Parties, to be the agent for and representative of Secured Parties with respect to the Collateral and the Collateral Documents
(in such capacity the “Collateral Administrative Agent”); provided that Collateral Administrative Agent shall owe no fiduciary duty, duty of loyalty, duty of care, duty of disclosure or any other obligation whatsoever to any
holder of Obligations with respect to any Hedge Agreement. Subject to Section 10.5, without further written consent or authorization from any Secured Party, Collateral Administrative Agent may execute any documents or instruments necessary to,
in connection with a sale or disposition of assets permitted by this Agreement, release any Lien encumbering any item of Collateral that is the subject of such sale or other disposition of assets or to which Requisite Lenders (or such other Lenders
as may be required to give such consent under Section 10.5) have otherwise consented. Each Secured Party hereby further authorized Administrative Agent, on behalf of and for the benefit of the Secured Parties, to be the agent for and
representative of Beneficiaries with respect to the Guaranty; provided that Administrative Agent shall owe no fiduciary duty, duty of loyalty, duty of care, 

  
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duty of disclosure or any other obligation whatsoever to any holder of Obligations with respect to any Hedge Agreement. Subject to Section 10.5, without further written consent or
authorization from any Beneficiary, Administrative Agent may execute any documents or instruments necessary to release any Guarantor from the Guaranty pursuant to Section 7.12 or with respect to which Requisite Lenders (or such other Lenders as
may be required to give such consent under Section 10.5) have otherwise consented. 
 (b) Right to Realize on Collateral
and Enforce Guaranty. Anything contained in any of the Credit Documents to the contrary notwithstanding, Borrower, Administrative Agent and each Secured Party hereby agree that (i) no Secured Party shall have any right individually to
realize upon any of the Collateral or to enforce the Guaranty, it being understood and agreed that all powers, rights and remedies hereunder and under the Collateral Documents may be exercised solely by Collateral Administrative Agent (or, with
respect to the Guaranty, Administrative Agent), on behalf of the Secured Parties in accordance with the terms hereof and thereof, and (ii) in the event of a foreclosure or similar enforcement action by Collateral Administrative Agent on any of
the Collateral pursuant to a public or private sale or other disposition, Administrative Agent or any Lender may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition and Collateral Administrative Agent,
as agent for and representative of Secured Parties, (but not any Lender or Lenders in its or their respective individual capacities unless Requisite Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making
settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account of the purchase price for any collateral payable by Collateral
Administrative Agent at such sale or other disposition. 
 (c) Rights under Hedge Agreements. No Hedge Agreement will
create (or be deemed to create) in favor of any Lender Counterparty that is a party thereto any rights in connection with the management or release of any Collateral or of the obligations of any Guarantor under the Credit Documents except as
expressly provided in Section 10.5(c)(iv) of this Agreement and the Pledge and Security Agreement. 
 (d) No
Responsibility for Certain Matters. Collateral Administrative Agent shall not be responsible to any Lender for the execution, effectiveness, genuineness, validity, enforceability, collectability or sufficiency hereof or any other Collateral
Document. The Collateral Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or
perfection of the Collateral Administrative Agent’s Lien thereon, or any certificate prepared by any Credit Party in connection therewith, nor shall the Collateral Administrative Agent be responsible or liable to the Lenders for any failure to
monitor or maintain any portion of the Collateral. 
 (e) Exculpatory Provisions. Neither Collateral Administrative Agent
nor any of its officers, partners, directors, employees or agents shall be liable to Lenders for any action taken or omitted by Collateral Administrative Agent under or in connection with any of the Collateral Documents except to the extent caused
by Collateral Administrative Agent’s gross negligence or willful misconduct in each case as determined by a final non appealable judgment of a court of competent jurisdiction. Collateral Administrative Agent shall be entitled to refrain

  
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from any act or the taking of any action (including the failure to take an action) in connection herewith or any of the other Collateral Documents or from the exercise of any power, discretion or
authority vested in it hereunder or thereunder unless and until Collateral Administrative Agent shall have received instructions in respect thereof from Requisite Lenders or the Required Secured Parties, as contemplated by Collateral Documents (or
such other Lenders as may be required to give such instructions under Section 10.5) and, upon receipt of such instructions from Requisite Lenders or the Required Secured Parties, as contemplated by the Collateral Documents (or such other
Lenders, as the case may be), Collateral Administrative Agent shall be entitled to act or (where so instructed) refrain from acting, or to exercise such power, discretion or authority, in accordance with such instructions; provided that, in
the event of any conflict between any instructions from the Requisite Lenders or the Required Secured Parties the instructions of the Required Secured Parties shall prevail in accordance with the terms of the Pledge and Security Agreement. Without
prejudice to the generality of the foregoing, (i) Collateral Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any communication, instrument or document believed by it to be genuine and correct and to
have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be protected in relying on opinions and judgments of attorneys (who may be attorneys for Credit Parties and the OZ Subsidiaries), accountants, experts
and other professional advisors selected by it; and (ii) no Lender shall have any right of action whatsoever against Collateral Administrative Agent as a result of Collateral Administrative Agent acting or (where so instructed) refraining from
acting hereunder or any of the other Collateral Documents in accordance with the instructions of Requisite Lenders or the Required Secured Parties as contemplated by the Collateral Documents, as applicable (or such other Lenders as may be required
to give such instructions under Section 10.5). 
 (f) Delegation of Duties. Collateral Administrative Agent may
perform any and all of its duties and exercise its rights and powers under this Agreement or under any other Collateral Document by or through any one or more sub-agents appointed by Collateral Administrative Agent. Collateral Administrative Agent
and any such sub- agent may perform any and all of its duties and exercise its rights and powers by or through their respective Affiliates. The exculpatory, indemnification and other provisions of this Section 9.8(f) and of Section 9.8(g)
shall apply to any the Affiliates of Collateral Administrative Agent and shall apply to their respective activities in connection with activities as Collateral Administrative Agent. All of the rights, benefits, and privileges (including the
exculpatory and indemnification provisions) of this Section 9.8(f) and of Section 9.8(g) shall apply to any such sub-agent and to the Affiliates of any such sub-agent, and shall apply to their respective activities as sub-agent as if such
sub-agent and Affiliates were named herein. Notwithstanding anything herein to the contrary, with respect to each sub-agent appointed by Collateral Administrative Agent, (i) such sub-agent shall be a third party beneficiary under this Agreement
with respect to all such rights, benefits and privileges (including exculpatory rights and rights to indemnification) and shall have all of the rights and benefits of a third party beneficiary, including an independent right of action to enforce
such rights, benefits and privileges (including exculpatory rights and rights to indemnification) directly, without the consent or joinder of any other Person, against any or all of the Credit Parties and the Lenders, (ii) such rights, benefits
and privileges (including exculpatory rights and rights to indemnification) shall not be modified or amended without the consent of such sub-agent, and (iii) such sub-agent shall only have obligations to Administrative Agent and not to any
Credit Party, Lender or any other 

  
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Person and no Credit Party, Lender or any other Person shall have any rights, directly or indirectly, as a third party beneficiary or otherwise, against such sub-agent. 

(g) Right to Indemnity. Each Lender, in proportion to its Pro Rata Share, severally agrees to indemnify Collateral Administrative
Agent, to the extent that Collateral Administrative Agent shall not have been reimbursed by any Credit Party, for and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including
counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against Collateral Administrative Agent in exercising its powers, rights and remedies or performing its duties
hereunder or under the other Collateral Documents or otherwise in its capacity as Collateral Administrative Agent in any way relating to or arising out of this Agreement or the other Collateral Documents; provided, no Lender shall be liable
for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from Collateral Administrative Agent’s gross negligence or willful misconduct. If any indemnity
furnished to Collateral Administrative Agent for any purpose shall, in the opinion of Collateral Administrative Agent, be insufficient or become impaired, Collateral Administrative Agent may call for additional indemnity and cease, or not commence,
to do the acts indemnified against until such additional indemnity is furnished; provided, in no event shall this sentence require any Lender to indemnify Collateral Administrative Agent against any liability, obligation, loss, damage,
penalty, action, judgment, suit, cost, expense or disbursement in excess of such Lender’s Pro Rata Share thereof; and provided further, this sentence shall not be deemed to require any Lender to indemnify Collateral Administrative
Agent against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement described in the proviso in the immediately preceding sentence. 

(h) Successor Collateral Administrative Agent. Collateral Administrative Agent may resign at any time by giving thirty days’
prior written notice thereof to Lenders and Borrower, and Collateral Administrative Agent may be removed at any time with or without cause by an instrument or concurrent instruments in writing delivered to Borrower and Collateral Administrative
Agent and signed by Requisite Lenders. Upon any such notice of resignation or any such removal, Requisite Lenders shall have the right, upon five Business Days’ notice to Borrower, to appoint a successor Collateral Administrative Agent. Upon
the acceptance of any appointment as Collateral Administrative Agent hereunder by a successor Collateral Administrative Agent, that successor Collateral Administrative Agent shall thereupon succeed to and become vested with all the rights, powers,
privileges and duties of the retiring or removed Collateral Administrative Agent and the retiring or removed Collateral Administrative Agent shall promptly (i) transfer to such successor Collateral Administrative Agent all sums, Securities and
other items of Collateral held under the Collateral Documents, together with all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Collateral Administrative Agent under the
Collateral Documents, and (ii) execute and deliver to such successor Collateral Administrative Agent such amendments to financing statements, and take such other actions, as may be necessary or appropriate in connection with the assignment to
such successor Collateral Administrative Agent of the security interests created under the Collateral Documents, whereupon such retiring or removed Collateral Administrative Agent shall be discharged from its duties and obligations hereunder. If the
Requisite Lenders have not appointed a successor Collateral Administrative Agent, Administrative Agent shall have 

  
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the right to appoint a financial institution to act as Collateral Administrative Agent hereunder and in any case, Collateral Administrative Agent’s resignation shall become effective on the
thirtieth day after such notice of resignation. If neither the Requisite Lenders nor Administrative Agent have appointed a successor Collateral Administrative Agent, the Administrative Agent shall be deemed to have succeeded to and become vested
with all the rights, powers, privileges and duties of the retiring Collateral Administrative Agent. After any retiring or removed Collateral Administrative Agent’s resignation or removal hereunder as Collateral Administrative Agent, the
provisions of this Section 9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Collateral Administrative Agent hereunder; provided that, notwithstanding anything to the contrary contained
herein, any actions taken pursuant to this Section 9.8(h) shall be in accordance with the terms, procedures and requirements set forth in the Pledge and Security Agreement. Notwithstanding the forgoing, until the Existing Credit Agreement is
paid in full and terminated, Requisite Lenders may not remove the Collateral Administrative Agent without the consent of the “Requisite Lenders” as defined under the Existing Credit Agreement. 

9.9. Withholding Taxes. To the extent required by any applicable law, Administrative Agent may withhold from any payment to
any Lender an amount equivalent to any applicable withholding tax. If the Internal Revenue Service or any other Governmental Authority asserts a claim that Administrative Agent did not properly withhold tax from amounts paid to or for the account of
any Lender because the appropriate form was not delivered or was not properly executed or because such Lender failed to notify Administrative Agent of a change in circumstance which rendered the exemption from, or reduction of, withholding tax
ineffective or for any other reason, without duplication for any amount payable under Section 2.20(c), such Lender shall indemnify Administrative Agent fully for all amounts paid, directly or indirectly, by Administrative Agent as tax or
otherwise, including any penalties or interest and together with all expenses (including legal expenses, allocated internal costs and out-of-pocket expenses) incurred. 
 SECTION 10. MISCELLANEOUS 
 10.1. Notices. 

(a) Notices Generally. Except in the case of notices and other communications permitted to be given by telephone, any notice or
other communication herein required or permitted to be given to a Credit Party, Collateral Administrative Agent or Administrative Agent shall be sent to such Person’s address as set forth on Appendix B or in the other relevant Credit
Document, and in the case of any Lender, the address as indicated on Appendix B or otherwise indicated to Administrative Agent in writing. Except as otherwise set forth in paragraph (b) below, each notice hereunder shall be in writing and
may be personally served, telexed or sent by telefacsimile or United States mail or courier service and shall be deemed to have been given when delivered in person or by courier service and signed for against receipt thereof, upon receipt of
telefacsimile or telex, or three Business Days after depositing it in the United States mail with postage prepaid and properly addressed. 
 (b) Electronic Communications. 

  
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 (i) Notices and other communications to the Lenders, Collateral
Administrative Agent and Administrative Agent hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites, including the Platform) pursuant to procedures approved by Administrative Agent,
provided that the foregoing shall not apply to notices to any Lender pursuant to Section 2 if such Lender has notified Administrative Agent that it is incapable of receiving notices under such Section by electronic communication.
Administrative Agent or Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be
limited to particular notices or communications. Unless Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from
the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), provided that if such notice or other communication is not sent during the normal business
hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be
deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor.

 (ii) Each of the Credit Parties understands that the distribution of material through an electronic medium is
not necessarily secure and that there are confidentiality and other risks associated with such distribution and agrees and assumes the risks associated with such electronic distribution, except to the extent caused by the willful misconduct or gross
negligence of Administrative Agent, in each case as determined by a final non appealable judgment of a court of competent jurisdiction. 
 (iii) The Platform and any Approved Electronic Communications are provided “as is” and “as available”. Neither Administrative Agent nor any of its respective officers, directors,
employees, agents, advisors or representatives (the “Agent Affiliates”) warrant the accuracy, adequacy, or completeness of the Approved Electronic Communications or the Platform and each expressly disclaims liability for errors or
omissions in the Platform and the Approved Electronic 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 the Agent Affiliates in connection with the Platform or the Approved Electronic Communications. 
 (iv) Each of the Credit Parties and the Lenders agree that Administrative Agent may, but shall not be obligated to, store any Approved Electronic Communications on the Platform in accordance with
Administrative Agent’s customary document retention procedures and policies. 
 10.2. Expenses. Borrower
agrees to pay promptly (a) all the actual, reasonable, documented, out-of-pocket costs and expenses of Administrative Agent and Collateral 

  
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Administrative Agent in connection with the negotiation, preparation and execution of the Credit Documents and any consents, amendments, waivers or other modifications thereto; (b) all the
costs of furnishing all opinions by counsel for Borrower and the other Credit Parties; (c) the actual, reasonable, documented fees, expenses and disbursements of counsel to Administrative Agent and Collateral Administrative Agent (in each case
including allocated costs of internal counsel) in connection with the negotiation, preparation, execution and administration of the Credit Documents and any consents, amendments, waivers or other modifications thereto and any other documents or
matters requested by Borrower; (d) all the actual documented costs and reasonable documented expenses of creating, perfecting, recording, maintaining and preserving Liens in favor of Administrative Agent and Collateral Administrative Agent, for
the benefit of Secured Parties, including filing and recording fees, expenses and taxes, stamp or documentary taxes, search fees, title insurance premiums and reasonable fees, expenses and disbursements of counsel to Administrative Agent and
Collateral Administrative Agent and of counsel providing any opinions that Administrative Agent, Collateral Administrative Agent or Requisite Lenders may request in respect of the Collateral or the Liens created pursuant to the Collateral Documents;
(e) all the actual documented costs and reasonable documented fees, expenses and disbursements of any auditors, accountants, consultants or appraisers; (f) all the actual documented costs and reasonable documented expenses (including the
reasonable fees, expenses and disbursements of any appraisers, consultants, advisors and agents employed or retained by Administrative Agent, Collateral Administrative Agent and their respective counsel) in connection with the custody or
preservation of any of the Collateral; (g) all other actual, documented, reasonable, out-of-pocket costs and expenses incurred by Administrative Agent and Collateral Administrative Agent in connection with the negotiation, preparation and
execution of the Credit Documents and any consents, amendments, waivers or other modifications thereto and the transactions contemplated thereby; and (h) after the occurrence of an Event of Default, all documented costs and expenses, including
reasonable documented attorneys’ fees (including allocated costs of internal counsel) and costs of settlement, incurred by Collateral Administrative Agent or Administrative Agent and Lenders in enforcing any Obligations of or in collecting any
payments due from any Credit Party hereunder or under the other Credit Documents by reason of such Event of Default (including in connection with the sale, lease or license of, collection from, or other realization upon any of the Collateral or the
enforcement of the Guaranty) or in connection with any refinancing or restructuring of the credit arrangements provided hereunder in the nature of a “work-out” or pursuant to any insolvency or bankruptcy cases or proceedings. 

10.3. Indemnity. 
 (a) In addition to the payment of expenses pursuant to Section 10.2, whether or not the transactions contemplated hereby shall be consummated, each Credit Party agrees to defend (subject to
Indemnitees’ selection of counsel), indemnify, pay and hold harmless, Administrative Agent, Collateral Administrative Agent and each Lender and each of their respective officers, partners, members, directors, trustees, advisors, employees,
agents, sub-agents and Affiliates of Administrative Agent, Collateral Administrative Agent and each Lender (each, an “Indemnitee”), from and against any and all Indemnified Liabilities; provided, no Credit Party shall have
any obligation to any Indemnitee hereunder with respect to any Indemnified Liabilities to the extent such Indemnified Liabilities arise from (i) the gross negligence, bad faith or willful misconduct of that Indemnitee, in each case as
determined by a final non appealable judgment of a court of competent jurisdiction, or (ii) a material breach of a 

  
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Credit Document by such Indemnitee. To the extent that the undertakings to defend, indemnify, pay and hold harmless set forth in this Section 10.3 may be unenforceable in whole or in part
because they are violative of any law or public policy, the applicable Credit Party shall contribute the maximum portion that it is permitted to pay and satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities
incurred by Indemnitees or any of them. 
 (b) To the extent permitted by applicable law, no Credit Party shall assert, and each
Credit Party hereby waives, any claim against each Lender, Administrative Agent and Collateral Administrative Agent and their respective Affiliates, directors, employees, attorneys, agents or sub-agents, on any theory of liability, for special,
indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, arising out
of, as a result of, or in any way related to, this Agreement or any Credit Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein, the transactions contemplated hereby or thereby, any Loan or the use
of the proceeds thereof or any act or omission or event occurring in connection therewith, and Borrower hereby waives, releases and agrees not to sue upon any such claim or any such damages, whether or not accrued and whether or not known or
suspected to exist in its favor. 
 10.4. Set-Off. In addition to any rights now or hereafter granted under
applicable law and not by way of limitation of any such rights, upon the occurrence of any Event of Default each Lender is hereby authorized by each Credit Party at any time or from time to time subject to the consent of Administrative Agent (such
consent not to be unreasonably withheld or delayed), without notice to any Credit Party or to any other Person (other than Administrative Agent), any such notice being hereby expressly waived, to set off and to appropriate and to apply any and all
deposits (general or special, including Indebtedness evidenced by certificates of deposit, whether matured or unmatured, but not including trust accounts) and any other Indebtedness at any time held or owing by such Lender to or for the credit or
the account of any Credit Party against and on account of the obligations and liabilities of any Credit Party to such Lender hereunder, and under the other Credit Documents, including all claims of any nature or description arising out of or
connected hereto, or with any other Credit Document, irrespective of whether or not (a) such Lender shall have made any demand hereunder or (b) the principal of or the interest on the Loans or any other amounts due hereunder shall have
become due and payable pursuant to Section 2 and although such obligations and liabilities, or any of them, may be contingent or unmatured. 
 10.5. Amendments and Waivers. 
 (a) Requisite Lenders’
Consent. Subject to Section 10.5(b) and 10.5(c), no amendment, modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall in any event be effective
without the written concurrence of the Requisite Lenders and the Borrower or the applicable Credit Party, as the case may be; provided that Administrative Agent may, with the consent of Borrower only, amend, modify or supplement this
Agreement to cure any ambiguity, omission, defect or inconsistency, so long as such amendment, modification or supplement does not adversely affect the rights of any Lender. 

  
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 (b) Affected Lenders’ Consent. Without the written consent of each Lender that
would be affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would: 
 (i) amend, modify or waive the provisions of Section 3.1(n) or the definition of ‘Transactions’ prior to the Initial Availability Date; 

(ii) extend clause (i) of the Termination Date beyond July 2, 2012 or waive, extend or otherwise modify the
proviso in the definition of Termination Date without the consent of such Lender; 
 (iii) extend the scheduled
final maturity of any Loan or Note; 
 (iv) waive, reduce or postpone any scheduled repayment (but not
prepayment); 
 (v) reduce the rate of interest on any Loan (other than any waiver of any increase in the
interest rate applicable to any Loan pursuant to Section 2.10) or any fee payable hereunder; 
 (vi) extend
the time for payment of any such interest or fees; 
 (vii) reduce the principal amount of any Loan; 

(viii) amend, modify, terminate or waive any provision of this Section 10.5(b), Section 10.5(c) or any other
provision of this Agreement that expressly provides that the consent of all Lenders is required; 
 (ix) amend
the definition of “Requisite Lenders”, “Required Secured Parties” or “Pro Rata Share”; provided, with the consent of Requisite Lenders, additional extensions of credit pursuant hereto may be included in the
determination of “Requisite Lenders”, “Required Secured Parties” or “Pro Rata Share” on substantially the same basis as the Commitments and the Loans are included on the Closing Date; or 

(x) release all or substantially all of the Collateral or all or substantially all of the Guarantors from the Guaranty
except as expressly provided in the Credit Documents. 
 (c) Other Consents. No amendment, modification, termination or
waiver of any provision of the Credit Documents, or consent to any departure by any Credit Party therefrom, shall: 
 (i) permit the Borrower to assign or delegate any of its rights and obligations under the Credit Documents without the consent of all Lenders; 

(ii) increase the Commitments of any Lender without the consent of such Lender; 

  
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 (iii) alter the required application of any repayments or prepayments
pursuant to Section 2.15 without the consent of all Lenders; 
 (iv) alter the requirement regarding
voluntary prepayment, repurchase or redemption of any Existing Term Loans set out in Section 6.12 without the consent of all Lenders; 
 (v) amend, modify, terminate or waive any provision of Section 9 as the same applies to Administrative Agent or Collateral Administrative Agent, or any other provision hereof as the same applies to
the rights or obligations of Administrative Agent or Collateral Administrative Agent, in each case without the consent of such Administrative Agent or Collateral Administrative Agent, as applicable; or 

(vi) amend, modify or waive this Agreement or the Pledge and Security Agreement so as to alter the ratable treatment of
Obligations arising under the Credit Documents and Obligations arising under Hedge Agreements or the definition of “Lender Counterparty,” “Hedge Agreement,” “Obligations,” or “Secured Obligations” (as defined
in any applicable Collateral Document) in each case in a manner adverse to any Lender Counterparty with Obligations then outstanding without the written consent of any such Lender Counterparty. 

(d) Execution of Amendments, etc. Administrative Agent may, but shall have no obligation to, with the concurrence of any Lender,
execute amendments, modifications, waivers or consents on behalf of such Lender. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on any Credit Party
in any case shall entitle any Credit Party to any other or further notice or demand in similar or other circumstances. Any amendment, modification, termination, waiver or consent effected in accordance with this Section 10.5 shall be binding
upon each Lender at the time outstanding, each future Lender and, if signed by a Credit Party, on such Credit Party. 
 10.6.
Successors and Assigns; Participations. 
 (a) Generally. This Agreement shall be binding upon the parties hereto and
their respective successors and assigns and shall inure to the benefit of the parties hereto and the successors and assigns of Lenders. No Credit Party’s rights or obligations hereunder nor any interest therein may be assigned or delegated by
any Credit Party without the prior written consent of all Lenders, and no Lender may assign or otherwise transfer any of its rights hereunder except (i) to an Eligible Assignee in accordance with subsection (c) of this Section,
(ii) by way of participation in accordance with subsection (g) of this Section 10.6 or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.6(h) (and any other attempted
assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted
hereby and, to the extent expressly contemplated hereby, Affiliates of Administrative Agent and Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

  
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 (b) Register. Borrower, Administrative Agent and Lenders shall deem and treat the
Persons listed as Lenders in the Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Commitment or Loan shall be effective, in each case,
unless and until recorded in the Register following receipt of an Assignment Agreement effecting the assignment or transfer thereof, together with the required forms and certificates regarding tax matters covered in Section 2.20 and any fees
payable in connection with such assignment, in each case, as provided in Section 10.6(d). Each assignment shall be recorded in the Register on the Business Day Assignment Agreement is received by Administrative Agent, if received by 12:00
noon (New York City time), and on the following Business Day if received after such time, prompt notice thereof shall be provided to Borrower and a copy of such Assignment Agreement shall be maintained. The date of such recordation of a transfer
shall be referred to herein as the “Assignment Effective Date.” Any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall
be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Commitments or Loans. 
 (c)
Right to Assign. Each Lender shall have the right at any time to sell, assign or transfer all or a portion of its rights and obligations under this Agreement, including all or a portion of its Commitment or Loans owing to it or other
Obligations (provided, however, that pro rata assignments shall not be required and each assignment shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any Loan) to any Person meeting the
criteria of clause (i) or (ii) of the definition of the term of “Eligible Assignee” with the consent of Borrower and Administrative Agent (such consent not to be (x) unreasonably withheld or delayed, (y) in the case of
Borrower, required at any time an Event of Default shall have occurred and then be continuing or (z) required for assignments by a Lender to an Affiliate or Related Fund of such Lender and in respect of such affiliated assignments only notice
to the Borrower and Administrative Agent will be required); provided, that (A) Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to Administrative Agent within five
(5) Business Days after having received notice thereof and (B) each such assignment pursuant to this Section 10.6(c) shall be in an aggregate amount of not less than $5,000,000 (or such lesser amount as (x) may be agreed to by
Borrower and Administrative Agent, (y) shall constitute the aggregate amount of the Loan of the assigning Lender or (z) may be the amount assigned by an assigning Lender to an Affiliate or Related Fund of such Lender) with respect to the
assignment of Loans. 
 (d) Mechanics. Assignments and assumptions of Loans and Commitments by Lenders shall be effected
by manual execution and delivery to Administrative Agent of an Assignment Agreement. Assignments made pursuant to the foregoing provision shall be effective as of the Assignment Effective Date. In connection with all assignments there shall be
delivered to Administrative Agent such forms, certificates or other evidence, if any, with respect to United States federal income tax withholding matters as the assignee under such Assignment Agreement may be required to deliver pursuant to
Section 2.20(d), together with payment to Administrative Agent of a registration and processing fee of $3,500 by the parties to such assignment (except that no such registration and processing fee shall be payable (y) in connection with an
assignment by or to GSLP or any Affiliate thereof or (z) in the case of an 

  
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Assignee which is already a Lender or is an affiliate or Related Fund of a Lender or a Person under common management with a Lender). 

(e) Representations and Warranties of Assignee. Each Lender, upon execution and delivery hereof or upon succeeding to an interest
in the Loans, as the case may be, represents and warrants as of the Closing Date or as of the Assignment Effective Date that (i) it is an Eligible Assignee; (ii) it has experience and expertise in the making of or investing in loans such
as the applicable Loan; and (iii) it will make or invest in, as the case may be, its Loans for its own account in the ordinary course and without a view to distribution of such Loans within the meaning of the Securities Act or the Exchange Act
or other federal securities laws (it being understood that, subject to the provisions of this Section 10.6, the disposition of such Loans or any interests therein shall at all times remain within its exclusive control). 

(f) Effect of Assignment. Subject to the terms and conditions of this Section 10.6, as of the “Assignment Effective
Date” (i) the assignee thereunder shall have the rights and obligations of a “Lender” hereunder to the extent of its interest in the Loans and Commitments as reflected in the Register and shall thereafter be a party hereto and a
“Lender” for all purposes hereof; (ii) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have been assigned to the assignee, relinquish its rights (other than any rights which survive the
termination hereof under Section 10.8) and be released from its obligations hereunder (and, in the case of an assignment covering all or the remaining portion of an assigning Lender’s rights and obligations hereunder, such Lender shall
cease to be a party hereto on the Assignment Effective Date; provided that, notwithstanding anything to the contrary herein, any assignment by any Lender of all or a portion of its commitments hereunder to any of such Lender’s Affiliates
shall not relieve such assigning Lender from any of its obligations hereunder unless and until such assignee shall have funded the portion of such Lender’s commitment so assigned; and provided further, that, anything contained in
any of the Credit Documents to the contrary notwithstanding, such assigning Lender shall continue to be entitled to the benefit of all indemnities hereunder as specified herein with respect to matters arising out of the prior involvement of such
assigning Lender as a Lender hereunder); (iii) the Commitments shall be modified to reflect the Commitment of such assignee and (iv) any such assignment occurs after the issuance of any Note hereunder, the assigning Lender shall, upon the
effectiveness of such assignment or as promptly thereafter as practicable, surrender its applicable Notes to Administrative Agent for cancellation, and thereupon Borrower shall issue and deliver new Notes, if so requested by the assignee and/or
assigning Lender, to such assignee and/or to such assigning Lender, with appropriate insertions, to reflect the outstanding Loans of the assignee and/or the assigning Lender. 
 (g) Participations. 
 (i) Each Lender shall have the right
at any time to sell one or more participations to any Person (other than any Credit Party or any OZ Subsidiary or any of their respective Affiliates) in all or any part of its Commitments, Loans or in any other Obligation; provided, that
(A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) Borrower, Administrative Agent
and the other Lenders shall continue to deal solely and directly with such Lender in 

  
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connection with such Lender’s rights and obligations under this Agreement. Each Lender that sells a participation pursuant to this Section 10.6(g) shall, acting solely for U.S. federal
income tax purposes as an agent of Borrower, maintain a register on which it records the name and address of each participant and the principal amounts of each participant’s participation interest with respect to the Loan (each, a
“Participant Register”). 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 a participation
with respect to the Loan for all purposes under this Agreement, notwithstanding any notice to the contrary. A Lender shall disclose a Participant Register to the extent that the relevant parties, acting reasonably and in good faith, determine that
such disclosure is necessary to establish that such participation is in registered form under Treasury Regulations Section 5f.103-1(c). Unless otherwise required by the Internal Revenue Service, any disclosure required by the foregoing sentence
shall be made by the relevant Lender directly and solely to the Internal Revenue Service. 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 a participation with respect to the Loan for all purposes under this Agreement, notwithstanding any notice to the contrary. 
 (ii) The holder of any such participation, other than an Affiliate of the Lender granting such participation, shall not be entitled to require such Lender to take or omit to take any action hereunder
except with respect to any amendment, modification or waiver that would (A) extend the final scheduled maturity of any Loan or Note in which such participant is participating, or reduce the rate or extend the time of payment of interest or fees
thereon (except in connection with a waiver of applicability of any post-default increase in interest rates) or reduce the principal amount thereof, or increase the amount of the participant’s participation over the amount thereof then in
effect (it being understood that a waiver of any Default or Event of Default shall not constitute a change in the terms of such participation, and that an increase in any Commitment or Loan shall be permitted without the consent of any participant
if the participant’s participation is not increased as a result thereof), (B) consent to the assignment or transfer by any Credit Party of any of its rights and obligations under this Agreement or (C) release all or substantially all
of the Collateral under the Collateral Documents (except as expressly provided in the Credit Documents) supporting the Loans hereunder in which such participant is participating. 

(iii) Borrower agrees that each participant shall be entitled to the benefits of Sections 2.18(c), 2.19 and 2.20
to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (c) of this Section; provided that (x) a participant shall not be entitled to receive any greater payment under
Section 2.19 or 2.20 than the applicable Lender would have been entitled to receive with respect to the participation sold to such participant, unless the sale of the participation to such participant is made with Borrower’s prior
written consent and (y) a participant that would be a Non-US Lender if it were a Lender shall not be entitled to the benefits of Section 2.20 unless Borrower is notified of the participation sold to such participant and such participant
agrees, for the benefit of Borrower, to comply with Section 2.20 as though it were a Lender; provided further that, except as specifically set 

  
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forth in clauses (x) and (y) of this sentence, nothing herein shall require any notice to Borrower or any other Person in connection with the sale of any participation. To the extent
permitted by law, each participant also shall be entitled to the benefits of Section 10.4 as though it were a Lender, provided such Participant agrees to be subject to Section 2.17 as though it were a Lender. 

(h) Certain Other Assignments and Participations. In addition to any other assignment or participation permitted pursuant to this
Section 10.6, any Lender may assign, pledge and/or grant a security interest in all or any portion of its Loans, the other Obligations owed by or to such Lender, and its Notes, if any, to secure obligations of such Lender including any Federal
Reserve Bank as collateral security pursuant to Regulation A of the Board of Governors and any operating circular issued by such Federal Reserve Bank; provided that no Lender, as between Borrower and such Lender, shall be relieved of any
of its obligations hereunder as a result of any such assignment and pledge, and provided further, that in no event shall the applicable Federal Reserve Bank, pledgee or trustee be considered to be a “Lender” or be entitled to
require the assigning Lender to take or omit to take any action hereunder. 
 (i) Borrower Purchase of Loans. 

(a) Notwithstanding anything in this Agreement or any other Credit Document to the contrary, Borrower shall have the right
to voluntarily purchase Loans from one or more Lenders and simultaneously cancel or retire such Loans and Lenders shall be permitted to sell or assign such Loans to Borrower (in each case, a “Borrower Loan Purchase”) subject to all
the other requirements of this Section 10.6(i) and; provided that no Default or Event of Default shall exist at the time of such purchase and assignment or would result from such purchase and assignment. 

(b) Any offer to make a Borrower Loan Purchase by Borrower and any sale of Loans to Borrower by a Lender shall be in
accordance with the following: 
 (i) by no later than 11:00 a.m. (New York City time) at least four
(4) Business Days prior to any Borrower Loan Purchase, Borrower shall notify the Administrative Agent (and the Administrative Agent shall provide such information to the Lenders), in writing, of its desire to purchase Loans from the Lenders
(the “Purchase Offer”) which Purchase Offer shall be made to all Lenders on a pro rata basis and shall contain (A) the date of the proposed purchase (which shall be no later than five (5) Business Days from the date of the
Purchase Offer), (B) the price of the proposed purchase (the “Offer Price”) and (C) the amount of Loans Borrower is proposing to purchase; 

(ii) no later than 5:00 p.m. (New York City time) two (2) Business Days after receipt of the Purchase Offer, each
Lender shall, in its sole discretion, notify the Administrative Agent and Borrower, in writing, as to the amount of Loans it wishes to sell to Borrower (which shall not be 

  
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less than $1,000,000) at the Offer Price (any such notification by a Lender shall be irrevocable and shall be referred to herein as a “Sales Offer” and any failure to timely
provide such notice shall be deemed a decline of the Purchase Offer); and 
 (iii) if it receives any Sales
Offers, Borrower shall, no later than 5:00 pm on the third Business Day after the Purchase Offer, notify the Administrative Agent and each Lender making a Sales Offer of its intent to (A) purchase all of the amount of Loans offered pursuant to
the Sales Offers, (B) purchase less than all of the amounts offered pursuant to the Sales Offers in which case Borrower shall purchase Loans from the Lenders pro rata based on the amount each Lender offered pursuant to its Sales Offer to the
total amount offered pursuant to all Sales Offers or (C) purchase none of the Loans. For the avoidance of doubt, Borrower may purchase more or less than the amount of Loans set forth in the Purchase Offer subject to the other requirements of
this Section 10.6(i). 
 (c) In order to consummate a Borrower Loan Purchase: 

(i) each of the assigning Lender and Borrower (in its capacity as purchaser of the applicable Loan) shall enter into a
Borrower Assignment Agreement as of the date set forth in the Purchase Offer; and 
 (ii) the Administrative
Agent shall receive from the Borrower the recordation and processing fee in connection with such assignment as set forth in Section 10.6(d); 
 (d) A Borrower Loan Purchase shall be effective upon satisfaction of the conditions set forth in clauses (a), (b) and (c) above and such date shall be referred to herein as a “Borrower
Assignment Effective Date”. 
 (e) On and after a Borrower Assignment Effective Date, (i) the Loans
purchased by Borrower shall be deemed cancelled or retired for all purposes and shall no longer be deemed outstanding (and may not be resold by Borrower), for all purposes of this Agreement and all other Credit Documents (notwithstanding any
provisions herein or therein to the contrary), including, but not limited to, (A) the making of, or the application of, any payments to the Lenders under this Agreement or any other Credit Document, (B) the making of any request, demand,
authorization, direction, notice, consent or waiver under this Agreement or any other Credit Document, (C) the providing of any rights to Borrower as a Lender under this Agreement or any other Credit Document, (D) the determination of
Requisite Lenders and (E) the calculation of the amount of Indebtedness hereunder and (ii) no interest or fees of any type shall accrue from and after a Borrower Assignment Effective Date on any Loans purchased by Borrower on such Borrower
Assignment Effective Date. For clarification purposes, Borrower shall never be deemed to be a Lender hereunder. 

  
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 (f) The Lenders hereby consent to the transactions described in this
Section 10.6(i) and waive the requirements of any provision of this Agreement (including, without limitation, Sections 2.16(c), 2.17, and 10.6) and any other Credit Document that might otherwise result in a breach of this Agreement or create a
Default or an Event of Default as a result of or in connection with the consummation of any Borrower Loan Purchase. The Lenders acknowledge that purchases made by Borrower pursuant to this Section 10.6(i) may result in the retirement of Loans
on a non-pro rata basis among the Lenders. The Lenders further acknowledge that any payment made to a Lender in connection with a Borrower Loan Purchase is solely for the account of such Lender and no ratable sharing of such proceeds is required
under this Agreement or any other Credit Document. 
 (g) All Borrower Loan Purchases and subsequent cancellation
or retirement of such Loans by Borrower pursuant to this Section 10.6(i) shall reduce pro rata the scheduled payments due pursuant to Section 2.12, including those amounts due on the Maturity Date. 

10.7. Independence of Covenants. All covenants hereunder shall be given independent effect so that if a particular action or
condition is not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such
action is taken or condition exists. 
 10.8. Survival of Representations, Warranties and Agreements. All
representations, warranties and agreements made herein shall survive the execution and delivery hereof and the making of any Credit Extension. Notwithstanding anything herein or implied by law to the contrary, the agreements of each Credit Party set
forth in Sections 2.18(c), 2.19, 2.20, 10.2, 10.3 and 10.4 and the agreements of Lenders set forth in Sections 2.17, 9.3(b) and 9.6 shall survive the payment of the Loans and the termination hereof. 

10.9. No Waiver; Remedies Cumulative. No failure or delay on the part of Administrative Agent or any Lender in the exercise of any
power, right or privilege hereunder or under any other Credit Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power,
right or privilege preclude other or further exercise thereof or of any other power, right or privilege. The rights, powers and remedies given to Administrative Agent and each Lender hereby are cumulative and shall be in addition to and independent
of all rights, powers and remedies existing by virtue of any statute or rule of law or in any of the other Credit Documents or any of the Hedge Agreements. Any forbearance or failure to exercise, and any delay in exercising, any right, power or
remedy hereunder shall not impair any such right, power or remedy or be construed to be a waiver thereof, nor shall it preclude the further exercise of any such right, power or remedy. 

10.10. Marshalling; Payments Set Aside. Neither Administrative Agent nor any Lender shall be under any obligation to marshal any
assets in favor of any Credit Party or any 

  
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other Person or against or in payment of any or all of the Obligations. To the extent that any Credit Party makes a payment or payments to Administrative Agent or Lenders (or to Administrative
Agent, on behalf of Lenders), or Administrative Agent or Lender enforce any security interests or exercise their rights of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently
invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, any other state or federal law, common law or any equitable cause, then, to the extent
of such recovery, the obligation or part thereof originally intended to be satisfied, and all Liens, rights and remedies therefor or related thereto, shall be revived and continued in full force and effect as if such payment or payments had not been
made or such enforcement or setoff had not occurred. 
 10.11. Severability. In case any provision in or obligation
hereunder or under any other Credit Document shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other
jurisdiction, shall not in any way be affected or impaired thereby. 
 10.12. Obligations Several; Independent Nature of
Lenders’ Rights. The obligations of Lenders hereunder are several and no Lender shall be responsible for the obligations or Commitment of any other Lender hereunder. Nothing contained herein or in any other Credit Document, and no action
taken by Lenders pursuant hereto or thereto, shall be deemed to constitute Lenders as a partnership, an association, a joint venture or any other kind of entity. The amounts payable at any time hereunder to each Lender shall be a separate and
independent debt, and each Lender shall be entitled to protect and enforce its rights arising out hereof and it shall not be necessary for any other Lender to be joined as an additional party in any proceeding for such purpose. 

10.13. Non-Recourse Nature of Obligations. No Person shall be personally liable (whether by operation of law or otherwise) for
payments due hereunder or under any other Credit Document for the performance of any Obligations except as expressly provided in the Credit Documents. The sole recourse of each Beneficiary for satisfaction of the Obligations shall be against the
Credit Parties and their assets and not against any other Person. Notwithstanding anything herein to the contrary, such assets shall not include any rights to payments with respect to any Deferred Amounts. 

10.14. Headings. Section headings herein are included herein for convenience of reference only and shall not constitute a part
hereof for any other purpose or be given any substantive effect. 
 10.15. APPLICABLE LAW. THIS AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF AND ANY DETERMINATIONS WITH RESPECT TO POST-JUDGMENT INTEREST) SHALL BE GOVERNED BY, AND
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF 

  
 89 

 
LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 
 10.16. CONSENT TO JURISDICTION. SUBJECT TO CLAUSE (E) OF THE FOLLOWING SENTENCE, ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PARTY ARISING OUT OF OR RELATING HERETO OR ANY OTHER CREDIT DOCUMENTS,
OR ANY OF THE OBLIGATIONS, SHALL BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH CREDIT PARTY, FOR ITSELF AND IN CONNECTION WITH ITS
PROPERTIES, IRREVOCABLY (A) ACCEPTS GENERALLY AND UNCONDITIONALLY THE EXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS (OTHER THAN WITH RESPECT TO ACTIONS BY AGENT IN RESPECT OF RIGHTS UNDER ANY SECURITY AGREEMENT GOVERNED BY A LAWS OTHER THAN
THE LAWS OF THE STATE OF NEW YORK OR WITH RESPECT TO ANY COLLATERAL SUBJECT THERETO); (B) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; (C) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED
OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE APPLICABLE CREDIT PARTY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 10.1; (D) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (C) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER
THE APPLICABLE CREDIT PARTY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT; AND (E) AGREES THAT AGENT AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST ANY CREDIT PARTY IN THE COURTS OF ANY OTHER JURISDICTION IN CONNECTION WITH THE EXERCISE OF ANY RIGHTS UNDER ANY SECURITY DOCUMENT OR THE ENFORCEMENT OF ANY JUDGMENT. 

10.17. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR
CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER OR UNDER ANY OF THE OTHER CREDIT DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS LOAN TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. THE SCOPE
OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON
LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO
RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND 

  
 90 

 
REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS
IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 10.17 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY
SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS HERETO OR ANY OF THE OTHER CREDIT DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A
WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 10.18. Confidentiality. Administrative Agent, Collateral Administrative
Agent and each Lender shall hold all non-public information regarding the Credit Parties and their Subsidiaries and their businesses identified as such by such Credit Party and obtained by such Lender pursuant to the requirements hereof in
accordance with such Lender’s customary procedures for handling confidential information of such nature, it being understood and agreed by Borrower that, in any event, Administrative Agent, Collateral Administrative Agent and each Lender may
make (i) disclosures of such information to Affiliates of such Administrative Agent, Collateral Administrative Agent or Lender and to their respective agents and advisors (and to other Persons authorized by a Lender, Collateral Administrative
Agent or Administrative Agent to organize, present or disseminate such information in connection with disclosures otherwise made in accordance with this Section 10.18), (ii) disclosures of such information reasonably required by any bona
fide or potential assignee, transferee or participant in connection with the contemplated assignment, transfer or participation of any Loans or any participations therein or by any direct or indirect contractual counterparties (or the professional
advisors thereto) to any swap or derivative transaction relating to Borrower, Advisors, Advisors II or any New Advisor and their respective obligations (provided, such assignees, transferees, participants, counterparties and advisors are advised of
and agree to be bound by either the provisions of this Section 10.18 or other provisions at least as restrictive as this Section 10.18), (iii) disclosure to any rating agency when required by it, provided that, prior to any
disclosure, such rating agency shall undertake in writing to preserve the confidentiality of any confidential information relating to the Credit Parties received by it from any of the Administrative Agent, Collateral Administrative Agent or any
Lender, (iv) disclosures to the extent that such information is publicly available or becomes publicly available other than by reason of improper disclosure by such Lender, (v) disclosures in connection with the exercise of any remedies
hereunder or under any other Credit Document and (vi) disclosures required or requested by any governmental agency, regulatory authority or representative thereof or by the NAIC or pursuant to legal or judicial process; provided that,
unless specifically prohibited by applicable law or court order, Administrative Agent, Collateral Administrative Agent and each Lender shall promptly notify Borrower of any request by any governmental agency or representative thereof (other than any
such request in connection with any examination of the financial condition or other routine examination of such Lender by such governmental agency) for disclosure of any such non-public information prior to disclosure of such information. In
addition, Administrative Agent, Collateral Administrative Agent and each Lender may disclose the existence of this Agreement and the information about this Agreement to market data collectors, similar services providers to

  
 91 

 
the lending industry and service providers to the Administrative Agent, Collateral Administrative Agent and the Lenders in connection with the administration and management of this Agreement and
the other Credit Documents. Notwithstanding anything to the contrary set forth herein, each party (and each of their respective employees, representatives or other agents) may disclose to any and all persons, without limitations of any kind, the tax
treatment and tax structure of the transactions contemplated by this Agreement and all materials of any kind (including opinions and other tax analyses) that are provided to any such party relating to such tax treatment and tax structure. However,
any information relating to the tax treatment or tax structure shall remain subject to the confidentiality provisions hereof (and the foregoing sentence shall not apply) to the extent reasonably necessary to enable the parties hereto, their
respective Affiliates, and their and their respective Affiliates’ directors and employees to comply with applicable securities laws. For this purpose, “tax structure” means any facts relevant to the federal income tax treatment of the
transactions contemplated by this Agreement but does not include information relating to the identity of any of the parties hereto or any of their respective Affiliates. 
 10.19. Usury Savings Clause. Notwithstanding any other provision herein, the aggregate interest rate charged with respect to any of the Obligations, including all charges or fees in connection
therewith deemed in the nature of interest under applicable law shall not exceed the Highest Lawful Rate. If the rate of interest (determined without regard to the preceding sentence) under this Agreement at any time exceeds the Highest Lawful Rate,
the outstanding amount of the Loans made hereunder shall bear interest at the Highest Lawful Rate until the total amount of interest due hereunder equals the amount of interest which would have been due hereunder if the stated rates of interest set
forth in this Agreement had at all times been in effect. In addition, if when the Loans made hereunder are repaid in full the total interest due hereunder (taking into account the increase provided for above) is less than the total amount of
interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect, then to the extent permitted by law, Borrower shall pay to Administrative Agent an amount equal to the
difference between the amount of interest paid and the amount of interest which would have been paid if the Highest Lawful Rate had at all times been in effect. Notwithstanding the foregoing, it is the intention of Lenders and Borrower to conform
strictly to any applicable usury laws. Accordingly, if any Lender contracts for, charges, or receives any consideration which constitutes interest in excess of the Highest Lawful Rate, then any such excess shall be cancelled automatically and, if
previously paid, shall at such Lender’s option be applied to the outstanding amount of the Loans made hereunder or be refunded to Borrower. 
 10.20. Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall
constitute but one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or in electronic format (i.e., “pdf” or “tif”) shall be effective as delivery of a manually
executed counterpart of this Agreement. 
 10.21. Effectiveness. This Agreement shall become effective upon the execution
of a counterpart hereof by each of the parties hereto and receipt by Borrower and Administrative Agent of written or telephonic notification of such execution and authorization of delivery thereof. 

  
 92 

 10.22. PATRIOT Act. Each Lender and Administrative Agent (for itself and not on
behalf of any Lender) hereby notifies each Credit Party that pursuant to the requirements of the PATRIOT Act, it is required to obtain, verify and record information that identifies each Credit Party, which information includes the name and address
of each Credit Party and other information that will allow such Lender or Administrative Agent, as applicable, to identify such Credit Party in accordance with the PATRIOT Act. 

10.23. Electronic Execution of Assignments. The words “execution,” “signed,” “signature,” and words
of like import in any Assignment Agreement shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or
the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and
Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 
 10.24. No Fiduciary
Duty. Administrative Agent, each Lender and their Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict with those of Borrower. Borrower agrees that nothing in the
Credit Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between the Lenders and Borrower, its stockholders or its affiliates. You acknowledge and agree that (i) the
transactions contemplated by the Credit Documents are arm’s-length commercial transactions between the Lenders, on the one hand, and Borrower, on the other, (ii) in connection therewith and with the process leading to such transaction each
of the Lenders is acting solely as a principal and not the agent or fiduciary of Borrower, its management, stockholders, creditors or any other Person, (iii) no Lender has assumed an advisory or fiduciary responsibility in favor of Borrower
with respect to the transactions contemplated hereby or the process leading thereto (irrespective of whether any Lender or any of its affiliates has advised or is currently advising Borrower on other matters) or any other obligation to Borrower
except the obligations expressly set forth in the Credit Documents and (iv) Borrower has consulted its own legal and financial advisors to the extent it deemed appropriate. Borrower further acknowledges and agrees that it is responsible for
making its own independent judgment with respect to such transactions and the process leading thereto. Borrower agrees that it will not claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary or similar
duty to Borrower, in connection with such transaction or the process leading thereto. 
 Section 10.25. Termination.
All agreements, covenants, representations, warranties, rights, duties and obligations of each party hereto set forth in this Agreement shall terminate in all respects on the Termination Date if the Transactions have not been consummated by
December 30, 2011. Notwithstanding anything herein or implied by law to the contrary, the agreements of each Credit Party set forth in Section 10.8 shall survive termination as set forth therein. 

[Remainder of page intentionally left blank] 

  
 93 

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

					
	OZ MANAGEMENT LP, as Borrower
	By:	 	Och-Ziff Holding Corporation,
	its general partner
		
	 By:
	 	 /s/ Joel M. Frank

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	OZ ADVISORS LP, as a Guarantor
	By:	 	Och-Ziff Holding Corporation,
	its general partner
		
	By:	 	 /s/ Joel M. Frank

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	OZ ADVISORS II LP, as a Guarantor
	By:	 	Och-Ziff Holding LLC,
	its general partner
		
	By:	 	 /s/ Joel M. Frank

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	OCH-ZIFF HOLDING II LLC, as a Guarantor
	By:	 	OZ Management LP, its member
	By:	 	Och-Ziff Holding Corporation,
	its general partner
		
	By:	 	 /s/ Joel M. Frank

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer

 
					
	 OZ MANAGEMENT II LP, as a Guarantor

	 By: Och-Ziff Holding II LLC,

its general partner

	 By: OZ Management LP, its member

	 By: Och-Ziff Holding Corporation,

its general partner

		
	 By:
	 	 /s/ Joel M. Frank

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	 OZSC GP, LLC, as a Guarantor

	 By: OZ Advisors LP, its member

	 By: Och-Ziff Holding Corporation,

its general partner

		
	 By:
	 	 /s/ Joel M. Frank

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	 OZSC GP, L.P., as a Guarantor

	 By: OZSC GP, LLC, its general partner

	 By: OZ Advisors LP, its member

	 By: Och-Ziff Holding Corporation,

its general partner

		
	 By:
	 	 /s/ Joel M. Frank

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer

  

 
					
	OZ EUREKA FUND GP, L.P., as a Guarantor
	 By: OZ Eureka Fund GP, LLC, its general partner

	 By: OZ Advisors LP, its member

	 By: Och-Ziff Holding Corporation,

its general partner

		
	 By:
	 	 /s/ Joel M. Frank

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer

 

					
	OZ STRUCTURED PRODUCTS
		 	         OVERSEAS FUND GP, L.P., as a

        Guarantor

		 	         By: OZ Structured Products Overseas Fund

        GP, LLC, its general partner

		 	        By: OZ Advisors II LP, its member
		 	         By: Och-Ziff Holding LLC,

        its general partner

 

					
	 By:
	 	 /s/ Joel M. Frank

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer

 

					
	 OZ STRUCTURED PRODUCTS

		 	        FUND GP, L.P., as a Guarantor
		 	         By: OZ Structured Products Fund GP, LLC,

        its general partner

		 	        By: OZ Advisors LP, its member
		 	         By: Och-Ziff Holding Corporation,

        its general partner

 

					
	 By:
	 	 /s/ Joel M. Frank

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer

 
					
	 OCH-ZIFF ENERGY FUND GP, L.P., as a Guarantor

		
		 	 By: Och-Ziff Energy Fund GP, LLC, its
 general partner

		 	By: OZ Advisors LP, its managing member
		 	 By: Och-Ziff Holding Corporation,
 its general partner

		
	 By:
	 	 /s/ Joel M. Frank

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	 OZ GLOBAL CREDIT DOMESTIC
 PARTNERS GP, LTD., as a Guarantor

		
	 By:
	 	 /s/ Joel M. Frank

		 	 Name:
	 	Joel M. Frank
		 	 Title:
	 	Chief Financial Officer
	
	 OZ GLOBAL CREDIT OVERSEAS FUND GP,
 LTD., as a Guarantor

		
	 By:
	 	 /s/ Joel M. Frank

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer

 
			
	 GOLDMAN SACHS LENDING PARTNERS

LLC,

	 as Administrative Agent and a Lender

		
	 By:
	 	 /s/ Robert Ehudin

		 	Authorized Signatory

 
			
	GOLDMAN SACHS CREDIT PARTNERS LP,
	 as Collateral Administrative Agent

		
	 By:
	 	 /s/ Robert Ehudin

		 	Authorized Signatory

 
					
	BANK OF AMERICA, N.A.,
	 as a Lender

		
	 By:
	 	 /s/ Cathleen Callahan

		 	Name:	 	Cathleen Callahan
		 	Title:	 	Senior Vice President

					
	 MORGAN STANLEY SENIOR FUNDING, INC.,

	as a Lender
		
	 By:
	 	 /s/ Michael King

		 	Name:	 	Michael King
		 	Title:	 	Vice President

					
	 BARCLAYS BANK PLC,

	as a Lender
		
	 By:
	 	 /s/ Diane Rolfe

		 	Name:	 	Diane Rolfe
		 	Title:	 	Director

					
	
	 CITIBANK, N.A.,

	as a Lender
		
	 By:
	 	 /s/ Rahul Rajesh

		 	Name:	 	Rahul Rajesh
		 	Title:	 	Director

					
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

	as a Lender
		
	 By:
	 	 /s/ Doreen Barr

		 	Name:	 	Doreen Barr
		 	Title:	 	Director
		
	 By:
	 	 /s/ Rahul Parmar

		 	Name:	 	Rahul Parmar
		 	Title:	 	Associate

					
	 UBS LOAN FINANCE LLC,

	as a Lender
		
	 By:
	 	 /s/ Irja R. Otsa

		 	Name:	 	Irja R. Otsa
		 	Title:	 	Associate Director
		
	 By:
	 	 /s/ Christopher Gomes

		 	Name:	 	Christopher Gomes
		 	Title:	 	Associate Director

 APPENDIX A 
 TO CREDIT AND GUARANTY AGREEMENT 
 Commitments 

 

									
	 Lender
	  	Loan
Commitment	 	  	Pro
Rata Share	 
	 GOLDMAN SACHS LENDING PARTNERS LLC
	  	$	88,000,000	  	  	 	22.51	% 
	 BANK OF AMERICA, N.A
	  	$	88,000,000	  	  	 	22.51	% 
	 MORGAN STANLEY SENIOR FUNDING, INC.
	  	$	88,000,000	  	  	 	22.51	% 
	 BARCLAYS BANK PLC
	  	$	31,750,000	  	  	 	8.12	% 
	 CITIBANK, N.A.
	  	$	31,750,000	  	  	 	8.12	% 
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
	  	$	31,750,000	  	  	 	8.12	% 
	 UBS LOAN FINANCE LLC
	  	$	31,750,000	  	  	 	8.12	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	391,000,000	  	  	 	100.00	% 
		  	  
	  
	 	  	  
	  
	 

  
 APPENDIX A - 1

 APPENDIX B 
 TO CREDIT AND GUARANTY AGREEMENT 
 Notice Addresses 

OZ MANAGEMENT LP 
 c/o Och-Ziff
Capital Management Group LLC 
 9 West 57th Street, 13th Floor 
 New York, NY 10016 
 Attention: Joel Frank 

Telecopier: (212) 790-0060 

OZ ADVISORS LP 
 c/o Och-Ziff
Capital Management Group LLC 
 9 West 57th Street, 13th 
 New York, NY 10016 
 Attention: Joel Frank 

Telecopier: (212) 790-0060 

OZ ADVISORS II LP 
 c/o Och-Ziff
Capital Management Group LLC 
 9 West 57th Street, 13th Floor 
 New York, NY 10016 
 Attention: Joel Frank 

Telecopier: (212) 790-0060 

OCH-ZIFF HOLDING II LLC 
 c/o
Och-Ziff Capital Management Group LLC 
 9 West 57th Street, 13th Floor 
 New York, NY 10016 
 Attention: Joel Frank 

Telecopier: (212) 790-0060 

OZ MANAGEMENT II LP 
 c/o
Och-Ziff Capital Management Group LLC 
 9 West 57th Street, 13th Floor 
 New York, NY 10016 
 Attention: Joel Frank 

Telecopier: (212) 790-0060 

OZSC GP, LLC 
 c/o Och-Ziff
Capital Management Group LLC 
 9 West 57th Street, 13th Floor 
 New York, NY 10016 
 Attention: Joel Frank 

Telecopier: (212) 790-0060 

  
 APPENDIX B-1

 OZSC GP, L.P. 
 c/o Och-Ziff Capital Management Group LLC 
 9
West 57th Street, 13th Floor 

New York, NY 10016 
 Attention: Joel Frank 
 Telecopier: (212) 790-0060 

OZ EUREKA FUND GP, L.P. 
 c/o
Och-Ziff Capital Management Group LLC 
 9 West 57th Street, 13th Floor 
 New York, NY 10016 
 Attention: Joel Frank 

Telecopier: (212) 790-0060 

OZ STRUCTURED PRODUCTS OVERSEAS FUND GP, L.P. 
 c/o Goldman Sachs (Cayman) Trust Limited 
 PO Box 896, Gardenia Court 

Suite 3307, 45 Market Street 
 Camana Bay, Cayman Islands 
 OZ STRUCTURED PRODUCTS FUND GP, L.P. 

c/o Och-Ziff Capital Management Group LLC 
 9
West 57th Street, 13th Floor 

New York, NY 10016 
 Attention: Joel Frank 
 Telecopier: (212) 790-0060 

OCH-ZIFF ENERGY FUND GP, L.P. 

c/o Goldman Sachs (Cayman) Trust Limited 
 PO Box 896, Gardenia Court 
 Suite 3307, 45 Market Street 

Camana Bay, Cayman Islands 
 OZ
GLOBAL CREDIT DOMESTIC PARTNERS GP, LTD. 
 c/o Goldman Sachs (Cayman) Trust Limited 

PO Box 896, Gardenia Court 
 Suite 3307, 45 Market Street 
 Camana Bay, Cayman Islands 

OZ GLOBAL CREDIT OVERSEAS FUND GP, LTD. 
 c/o Goldman Sachs (Cayman) Trust Limited 
 PO Box 896, Gardenia Court 

Suite 3307, 45 Market Street 
 Camana Bay, Cayman Islands 

  
 APPENDIX B-2

 GOLDMAN SACHS LENDING PARTNERS LLC, 
 as Administrative Agent and a Lender 
 Administrative Agent’s Principal Office: 

Goldman Sachs Lending Partners LLC 
 c/o Goldman, Sachs & Co. 
 30 Hudson Street, 38th Floor 

Jersey City, NJ 07302 
 Attention: SBD Operations 
 Attention: Lauren Day 

Telecopier: (212) 357-4597 
 Email and for delivery of final financial statements for posting: gsd.link@gs.com and 
 ficc-sbdagency-nydallas@ny.email.gs.com 
 with a copy to: 

Goldman Sachs Lending Partners LLC 
 200 West Street 
 New York, New York 10282-2198 

Attention: Lauren Day 
 Telecopier: (212) 902-1040 
 Email: lauren.day@gs.com 

GOLDMAN SACHS CREDIT PARTNERS L.P., 
 as
Collateral Administrative Agent 
 Goldman Sachs Credit Partners L.P. 

c/o Goldman, Sachs & Co. 
 30 Hudson Street, 38th Floor 
 Jersey City, NJ 07302 

Attention: SBD Operations 
 Attention: Rick Canonico 
 Telecopier: (212) 934-3921 

Email and for delivery of final financial statements for posting: gsd.link@gs.com 
  

  
 APPENDIX B-3

 Schedule 1 

OZ Funds 
 OZ Global
Special Investments Master Fund, L.P. 
 OZ Global Special Investments Intermediate Fund, L.P. 

OZ Global Special Investments, Ltd. 
 OZ Global
Special Investments, L.P. 
 Och-Ziff Capital Structure Arbitrage Master Fund, Ltd. 
 Och-Ziff Capital Structure Arbitrage Domestic Fund, L.P. 
 Och-Ziff Capital Structure Arbitrage
Overseas Intermediate Fund, L.P. 
 Och-Ziff Capital Structure Arbitrage Overseas Fund, Ltd. 

OZ Master Fund, Ltd. 
 OZ Special Funding (OZMD),
L.P. 
 OZ Domestic Partners, L.P. 
 OZ
Domestic Partners II, L.P. 
 OZ Overseas Fund, Ltd. 
 OZ Overseas Fund II, Ltd. 
 OZ Overseas Intermediate Fund, L.P. 

OZ Overseas Intermediate Fund II, L.P. 
 OZ
Overseas Institutional Fund, Ltd. 
 OZ Europe Master Fund, Ltd. 
 OZ Special Funding (OZME), L.P. 
 OZ Europe Domestic Partners, L.P. 

OZ Europe Domestic Partners II, L.P. 
 OZ Europe
Overseas Fund, Ltd. 
 OZ Europe Overseas Fund II, Ltd. 
 OZ Europe Overseas Intermediate Fund, L.P. 
 OZ Europe Overseas Intermediate Fund II, L.P.

 OZ Europe Overseas Institutional Fund, Ltd. 
 OZ Asia Master Fund, Ltd. 
 OZ Special Funding (OZAS), L.P. 

OZ Asia Domestic Partners, L.P. 
 OZ Asia
Overseas Fund, Ltd. 
 OZ Asia Overseas Intermediate Fund, L.P. 
 OZ Asia Overseas Institutional Fund, Ltd. 
 Och-Ziff Real Estate BP Fund, L.P. 

Och-Ziff Real Estate TE Fund, L.P. 
 Och-Ziff
Real Estate Fund, L.P. 
 Och-Ziff Real Estate Sponsor Co-Investment Fund, L.P. 
 Och-Ziff Real Estate Management LP 
 Och-Ziff Real Estate Advisors LP 

Och-Ziff Real Estate Parallel Fund II A, L.P. 

Och-Ziff Real Estate Parallel Fund II B, L.P. 

Och-Ziff Real Estate Parallel Fund II C, L.P. 

Och-Ziff Real Estate Fund II, L.P. 
 OZ 2004 GP,
LLC (and its successor, OZ 2004 GP, LP) 

  
 1 

 OZ 2004 Investment Partners, L.L.C. (and its successor, OZ 2004 Investment Partners, LP) 

OZ Select Master Fund, Ltd. 
 OZ Overseas Select
Intermediate Fund, LP 
 OZ Overseas Select Fund, Ltd. 
 OZ Global Credit Master Fund I, Ltd. 
 OZ Global Credit Domestic Partners, L.P. 

OZ Global Credit Overseas Fund I, L.P. 
 OZ
Global Credit Overseas Holdings I, Ltd. 
 OZ Global Credit Overseas Holdings I Sub, Ltd. 

OZ Structured Products Domestic Partners, L.P. 

OZ Structured Products Overseas Fund, L.P. 
 OZ
Structured Products Overseas Feeder Fund, L.P. 
 Managed Account A – Multi-Strategy Investment Program for a U.S. Retirement Plan

 Managed Account B – Multi-Strategy Investment Program for Institutional Investor 
 Managed Account C – Multi-Strategy Investment Program for a State Pension Plan 
 Managed
Account D – U.S. Structured Products Investment Program for a State Pension Plan 
 OZ ELS Master Fund, Ltd. 

OZ ELS Domestic Partners, L.P. 
 OZ ELS Overseas
Intermediate Fund, L.P. 
 OZ ELS Overseas Fund, Ltd. 
 Och-Ziff Energy Fund, L.P. 
 Och-Ziff Energy Parallel Fund B, L.P. 

Och-Ziff Energy U.S. Employee Co-Investment Fund, L.P. 
 CH Mezzanine Investment, L.P. 
 OZ India Real Estate Fund, L.P. 

African Global Capital II, L.P. 
 OZ Credit
Opportunities Overseas Fund, L.P. 
 OZ Credit Opportunities Overseas Intermediate Fund, L.P. 

OZ Credit Opportunities Master Fund, Ltd. 

Merrill Lynch Investment Solutions – Och-Ziff European Multi-Strategy UCITS Fund 
 OZ Structured Products Domestic Partners II, L.P. 
 OZ Structured Products Overseas Fund II, L.P.

 OZ Structured Products Overseas Feeder Fund II, L.P. 

  
 2 

 Schedule 3.1(h) 

Collateral Documents 
 1.
Amended and Restated Pledge and Security Agreement, to be dated on or about the Closing Date, between the Borrower, the other Guarantors party thereto, as grantors, and the Collateral Administrative Agent. 

2. Amendment and Restatement Agreement Relating to a Charge over Shares Agreement, to be dated on or about the Closing Date, between the Borrower and the
Collateral Administrative Agent. 
 3. Amendment and Restatement Agreement Relating to a Security over Shares Agreement, to be dated on or about
the Closing Date, between the Borrower and the Collateral Administrative Agent. 
 4. Reaffirmation and Security Agreement Relating to a Charge
over Limited Partnership Interest in OZ Structured Products Overseas Fund GP, L.P., to be dated on or about the Closing Date, between Advisors II and the Collateral Administrative Agent. 
 5. Reaffirmation and Security Agreement Relating to a Charge over Limited Partnership Interest in Och-Ziff Energy Fund GP, L.P., to be dated on or about the Closing Date, between Advisors and the
Collateral Administrative Agent. 
 6. Reaffirmation and Security Agreement Relating to a Charge over Shares in OZ Global Credit Domestic
Partners GP, Ltd., to be dated on or about the Closing Date, between Advisors and the Collateral Administrative Agent. 
 7. Reaffirmation and
Security Agreement Relating to a Charge over Shares in OZ Global Credit Overseas Fund GP, Ltd., to be dated on or about the Closing Date, between Advisors II and the Collateral Administrative Agent. 

8. Reaffirmation and Security Agreement Relating to a Charge over Shares in CH Mezzanine Investment GP, Ltd., to be dated on or about the Closing Date,
between Advisors and the Collateral Administrative Agent. 
 9. Charge over Shares in OZ Partner AGC II Feeder GP, Ltd., to be dated on or about
the Closing Date, between Advisors II and the Collateral Administrative Agent. 
 10. Charge over Shares in OZ India Real Estate Fund GP, Ltd.,
to be dated on or about the Closing Date, between Advisors II and the Collateral Administrative Agent. 
 11. Charge over Limited Partnership
Interest in OZ Credit Opportunities Overseas Fund GP, L.P., to be dated on or about the Closing Date, between Advisors II and the Collateral Administrative Agent. 

  
 3 

 12. Charge over Limited Partnership Interest in OZ Structured Products Overseas Fund II GP, L.P., to be
dated on or about the Closing Date, between Advisors II and the Collateral Administrative Agent. 
 13. Amended and Restated Trademark Security
Agreement, to be dated on or about the Closing Date, by the Borrower in favor of the Collateral Administrative Agent. 
 14. Securities Account
Control Agreement, dated as of December 31, 2007, by and among Advisors II, the Collateral Administrative Agent and HSBC Bank USA NA. 

15. Securities Account Control Agreement, dated as of March 25, 2009, by and among the Borrower, the Collateral Administrative Agent and HSBC Bank
USA NA. 
 16. Securities Account Control Agreement, dated as of February 27, 2009, by and among the Borrower, the Collateral
Administrative Agent and Bank of New York Mellon. 
 17. Securities Account Control Agreement, dated as of September 13, 2010, by and among
OZ Eureka Fund GP, L.P., the Collateral Administrative Agent and HSBC Bank USA NA. 
 18. Securities Account Control Agreement, dated as of
September 21, 2010, by and among OZ Structured Products Overseas Fund GP, L.P., the Collateral Administrative Agent and HSBC Bank USA NA. 

19. Securities Account Control Agreement, dated as of December 31, 2007, by and among the Borrower, the Collateral Administrative Agent and HSBC
Bank USA NA, as amended on June 10, 2010. 
 20. Securities Account Control Agreement, dated as of December 31, 2007, by and among
Advisors, the Collateral Administrative Agent and HSBC Bank USA NA. 
 21. Securities Account Control Agreement, dated as of December 31,
2007, by and among the Borrower, the Collateral Administrative Agent and HSBC Bank USA NA. 
 22. Securities Account Control Agreement, dated as
of March 27, 2009, by and among OZ Management II LP, the Collateral Administrative Agent and HSBC Bank USA NA. 

  
 4 

 Schedule 4.1 

Jurisdictions of Organization and Qualification 
  

			
	 Credit Party
	  	Jurisdiction of Organization
	 OZ Management LP
	  	Delaware
	 OZ Advisors LP
	  	Delaware
	 OZ Advisors II LP
	  	Delaware
	 OZ Management II LP
	  	Delaware
	 Och-Ziff Holding II LLC
	  	Delaware
	 OZSC GP, L.P.
	  	Delaware
	 OZSC GP, LLC
	  	Delaware
	 OZ Eureka Fund GP, L.P.
	  	Delaware
	 OZ Structured Products Overseas Fund GP, L.P.
	  	Cayman Islands
	 OZ Structured Products Fund GP, L.P.
	  	Delaware
	 Och-Ziff Energy Fund GP, L.P.
	  	Cayman Islands
	 OZ Structured Products Fund II GP, L.P.
	  	Delaware
	 OZ India Real Estate Fund GP Ltd.
	  	Cayman Islands
	 CH Mezzanine Investment GP, Ltd.
	  	Cayman Islands
	 OZ Structured Products Overseas Fund II GP, L.P.
	  	Cayman Islands
	 OZ Partner AGC II Feeder GP, Ltd.
	  	Cayman Islands
	 OZ AGC GP II, L.P.
	  	Delaware
	 OZ Credit Opportunities Overseas Fund GP, L.P.
	  	Cayman Islands

  
 5 

 Schedule 4.2 

Equity Interests and Ownership 
 Please see attached. 

  
 6 

 Schedule 4.7 

Liabilities 
 None.

  
 7 

 Schedule 4.12 

Payment of Taxes 
 None.

  
 8 

 Schedule 6.4 

Certain Restrictions on OZ Subsidiary Distributions 
 None. 

  
 9 

 

 

 EXHIBIT A-l TO 
 CREDIT AND GUARANTY AGREEMENT 
 FUNDING NOTICE 

Reference is made to the Credit and Guaranty Agreement, dated as of November 15, 2011 (as it may be amended, restated, supplemented or otherwise
modified, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among OZ MANAGEMENT LP, a Delaware limited partnership (“Borrower”),
OZ ADVISORS LP, a Delaware limited partnership (“Advisors”), as a Guarantor, OZ ADVISORS II LP, a Delaware limited partnership (“Advisors II”), as a Guarantor, the other Guarantors party thereto, as
Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Administrative Agent, GOLDMAN SACHS CREDIT PARTNERS L.P., as Collateral Administrative Agent, and GOLDMAN SACHS LENDING PARTNERS
LLC, as Lead Arranger. 
 Pursuant to Section 2.1(b) of the Credit Agreement, Borrower desires that Lenders make the
following Loans to Borrower in accordance with the applicable terms and conditions of the Credit Agreement on [            ], 20[        ] (the
“Credit Date”): 
  

					
	 Loans
	  		  	
			
	  ̈
	  	Base Rate Loans:	  	$[    ,    ,    ]
			
	  ̈
	  	Eurodollar Rate Loans, with an initial
Interest Period of             ,
month(s):	  	$[    ,    ,    ]

 Borrower hereby certifies that: 

(i) as of the Credit Date, the representations and warranties contained in each of the Credit Documents are true and
correct in all material respects on and as of such Credit Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case such
representations and warranties are true and correct in all material respects on and as of such earlier date; and 

(ii) as of the Credit Date, no event has occurred and is continuing or would result from the consummation of the borrowing
contemplated hereby that would constitute an Event of Default or a Default. 

  
 EXHIBIT A-1-1

 The account of Borrower to which the proceeds of the Loans requested on the Credit Date are
to be made available by Administrative Agent to the Borrower are as follows: 
  

			
	Bank Name:	 	  

	Bank Address:	 	  

	ABA Number:	 	  

	Account Number:	 	  

	Attention:	 	  

	Reference:	 	  

  

							
	Date: [            ], 20 [        ]	 		 	OZ MANAGEMENT LP
				
		 		 	By:	 	 Och-Ziff Holding Corporation,

its general partner

				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	

  
 EXHIBIT A-1-2

 EXHIBIT A-2 TO 
 CREDIT AND GUARANTY AGREEMENT 
 CONVERSION NOTICE 

Reference is made to the Credit and Guaranty Agreement, dated as of November 15, 2011 (as it may be amended, restated, supplemented
or otherwise modified, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among OZ MANAGEMENT LP, a Delaware limited partnership
(“Borrower”), OZ ADVISORS LP, a Delaware limited partnership (“Advisors”), as a Guarantor, OZ ADVISORS II LP, a Delaware limited partnership (“Advisors II”), as a Guarantor, the other
Guarantors party thereto, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Administrative Agent, GOLDMAN SACHS CREDIT PARTNERS L.P., as Collateral Administrative Agent, and GOLDMAN
SACHS LENDING PARTNERS LLC, as Lead Arranger. 
 Pursuant to Section 2.9 of the Credit Agreement, Borrower desires to
convert or to continue the following Loans, each such conversion and/or continuation to be effective as of [            ], 20[    ]: 

Loans: 

			
		
	 $[    ,    ,    ]
	  	Eurodollar Rate Loans to be continued with Interest Period of [    ] month(s)
		
	 $[    ,    ,    ]
	  	Base Rate Loans to be converted to Eurodollar Rate Loans with Interest Period of      month(s)
		
	 $[    ,    ,    ]
	  	Eurodollar Rate Loans to be converted to Base Rate Loans

 Borrower hereby certifies that as of the date hereof, no Default or Event of Default has occurred and is
continuing. 
  

							
	Date: [                    ], 20 [    ]	 		 	OZ MANAGEMENT LP
				
		 		 	By:	 	 Och-Ziff Holding Corporation,

its general partner

				
		 		 	By:	 	 
		 		 	Name:	 	
		 		 	Title:	 	

  
 EXHIBIT A-2-1

 EXHIBIT B TO 
 CREDIT AND GUARANTY AGREEMENT 
 NOTE 

 

			
	$[    ,    ,    ]	  	 
	 [mm/dd/yy]
	  	New York, New York

 FOR VALUE RECEIVED, OZ MANAGEMENT LP, a Delaware limited partnership
(“Borrower”), promises to pay [NAME OF LENDER] (“Payee”) or its registered assigns the principal amount of [DOLLARS] ($[    ,    ,    ]) in the
installments referred to below. 
 Borrower also promises to pay interest on the unpaid principal amount hereof, from the date
hereof until such principal amount is paid in full, at the interest rates and at the times which shall be determined in accordance with the provisions of that certain Credit and Guaranty Agreement, dated as of November 15, 2011 (as it may be
amended, restated, supplemented or otherwise modified, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among OZ MANAGEMENT LP, a Delaware
limited partnership (“Borrower”), OZ ADVISORS LP, a Delaware limited partnership (“Advisors”), as a Guarantor, OZ ADVISORS II LP, a Delaware limited partnership (“Advisors II”), as a
Guarantor, the other Guarantors party thereto, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Administrative Agent, GOLDMAN SACHS CREDIT PARTNERS L.P., as Collateral Administrative
Agent, and GOLDMAN SACHS LENDING PARTNERS LLC, as Lead Arranger. 
 Borrower shall make principal payments on this Note
as set forth in Section 2.12 of the Credit Agreement. 
 This Note is one of the “Notes” referred to in the
Credit Agreement in the aggregate principal amount of $391,000,000 and is issued pursuant to and entitled to the benefits of the Credit Agreement, to which reference is hereby made for a more complete statement of the terms and conditions under
which the Loan evidenced hereby was made and is to be repaid. 
 All payments of principal and interest in respect of this Note
shall be made in lawful money of the United States of America in same day funds at the Principal Office of Administrative Agent or at such other place as shall be designated in writing for such purpose in accordance with the terms of the Credit
Agreement. Unless and until an Assignment Agreement or Borrower Assignment Agreement, as applicable, effecting the assignment or transfer of the obligations evidenced hereby shall have been accepted by Administrative Agent and recorded in the
Register, Borrower, Administrative Agent and Lenders shall be entitled to deem and treat Payee as the owner and holder of this Note and the obligations evidenced hereby. 
 This Note is subject to mandatory prepayment and to prepayment at the option of Borrower, each as provided in the Credit Agreement. 

THIS NOTE AND THE RIGHTS AND OBLIGATIONS OF BORROWER AND PAYEE HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS

  
 EXHIBIT B-1

 
SOUNDING IN CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF AND ANY DETERMINATIONS WITH RESPECT TO POST-JUDGMENT INTEREST) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

Upon the occurrence of an Event of Default, the unpaid balance of the principal amount of this Note, together with all accrued and unpaid
interest thereon, may become, or may be declared to be, due and payable in the manner, upon the conditions and with the effect provided in the Credit Agreement. 
 The terms of this Note are subject to amendment only in the manner provided in the Credit Agreement. 
 Borrower promises to pay all costs and expenses, including reasonable attorneys’ fees, all as provided in the Credit Agreement, incurred in the collection and enforcement of this Note. Borrower and
any endorsers of this Note hereby consent to renewals and extensions of time at or after the maturity hereof and hereby waive diligence, presentment, protest, demand and notice of every kind and, to the full extent permitted by law, the right to
plead any statute of limitations as a defense to any demand hereunder. 
 [Remainder of page intentionally left blank]

  
 EXHIBIT B-2

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

			
	OZ MANAGEMENT LP
		
	 By:
	 	 Och-Ziff Holding Corporation,

its general partner

		
	By:	 	  

	Name:	 	
	Title:	 	

  
 EXHIBIT B-3

 TRANSACTIONS ON 
 NOTE 
  

							
	 Date
	 	 Amount of
 Loan Made
 This Date
	 	 Outstanding Principal
Balance This Date
	 	 Notation Made By

		 		 		 	
		 		 		 	

  
 EXHIBIT B-4

 EXHIBIT C TO 
 CREDIT AND GUARANTY AGREEMENT 
 COMPLIANCE CERTIFICATE 

THE UNDERSIGNED HEREBY CERTIFIES AS FOLLOWS: 
 1. I am the Chief Financial Officer of OCH-ZIFF HOLDING CORPORATION, a Delaware corporation and general partner of OZ MANAGEMENT LP, a Delaware limited partnership
(“Borrower”). 
 2. I have reviewed the terms of that certain Credit and Guaranty Agreement, dated as of
November 15, 2011 (as it may be amended, restated, supplemented or otherwise modified, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among OZ
MANAGEMENT LP, a Delaware limited partnership (“Borrower”), OZ ADVISORS LP, a Delaware limited partnership, as a Guarantor, OZ ADVISORS II LP, a Delaware limited partnership, as a Guarantor, the other Guarantors
party thereto, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Administrative Agent, GOLDMAN SACHS CREDIT PARTNERS L.P., as Collateral Administrative Agent, and GOLDMAN SACHS
LENDING PARTNERS LLC, as Lead Arranger, and I have made, or have caused to be made under my supervision, a review in reasonable detail of the transactions and condition of the Credit Parties and the OZ Subsidiaries during the accounting period
covered by the attached financial statements. 
 3. The examination described in paragraph 2 above did not disclose, and I
have no knowledge of, the existence of any condition or event which constitutes an Event of Default or Default as of the date of this Certificate, except as set forth in a separate attachment, if any, to this Certificate, describing in detail, the
nature of the condition or event, and the action which Borrower has taken, is taking, or proposes to take with respect to each such condition or event. 
 The foregoing certifications, together with the computations set forth in the Annex A hereto and the financial statements delivered with this Certificate in support hereof, are made and delivered
[mm/dd/yy] pursuant to Section 5.1(c) of the Credit Agreement. 
  

			
	OZ MANAGEMENT LP
		
	By:	 	 Och-Ziff Holding Corporation,

its general partner

		
	By:	 	  

	Name:	 	
	Title:	 	Chief Financial Officer

  
 EXHIBIT C-1

 ANNEX A TO 
 COMPLIANCE CERTIFICATE 
  

									
	1.	 	Combined Adjusted
EBITDA:1 (i)+(ii)–(iii) =	  	 	[    ,    ,    ]	  
		 		 	            Combined Net Income:	  	 	[    ,    ,    ]	  
				
		 		 	            To the extent reducing Combined Net Income, the sum, without duplication, of:	  			
				
		 		 	            (a) Combined Interest Expense:	  	 	[    ,    ,    ]	  
				
		 		 	            (b) provisions for taxes based on income:	  	 	[    ,    ,    ]	  
				
		 		 	            (c) total depreciation expense:	  	 	[    ,    ,    ]	  
				
		 		 	            (d) total amortization expense:	  	 	[    ,    ,    ]	  
				
		 		 	            (e) other non-Cash charges reducing Combined Net Income2:	  	 	[    ,    ,    ]	  
				
		 		 	            (f) any non-recurring and unusual losses deducted in calculating Combined Net Income:	  	 	[    ,    ,    ]	  
				
		 		 	            The sum of:	  			

  

	1 	 Notwithstanding anything to the contrary herein, any impacts related to the Restricted Junior Payments under Section 6.3(b) through (g) shall
be disregarded in determining Combined Adjusted EBITDA. 

	2 	 Excluding any such non-Cash charge to the extent that it represents an accrual or reserve for potential Cash charge in any future period or
amortization of a prepaid Cash charge that was paid in a prior period. 

  
 EXHIBIT C-A-1

							
				
		  		  	            (a) other non-Cash gains increasing Combined Net Income3:	  	[    ,    ,    ]
				
		  		  	            (b) to the extent not deducted in determining Combined Net Income, any cash payments or distributions made
on or with respect to the Class C Non-Equity Interests:	  	[    ,    ,    ]
			
	2.	  	Combined Economic
Income:4 (i)–(ii) =	  	
				
		  		  	            Management fee revenues:	  	[    ,    ,    ]
				
		  		  	            The sum of:	  	[    ,    ,    ]
				
		  		  	            (a) salaries and benefits:	  	[    ,    ,    ]
				
		  		  	            (b) non-compensation expenses (excluding, for the avoidance of doubt, any interest expense):	  	[    ,    ,    ]
				
		  		  	            (c) bonus compensation expense in excess of 20% of total revenues:	  	[    ,    ,    ]
			
	3.	  	Combined Capital Expenditures:	  	[    ,    ,    ]
			
	4.	  	Combined Interest Expense:	  	[    ,    ,    ]

  

	3 	 Excluding any such non-Cash gain to the extent it represents the reversal of an accrual or reserve for potential Cash gains in any prior period.

	4 	 Calculated on a combined basis for Credit Parties and the OZ Subsidiaries determined on the basis of economic income, in accordance with the
methodology utilized to derive economic income in the Issuer’s quarterly earnings press releases (including, if not included in such quarterly press releases, a separate certification from the financial officer of the Borrower, identifying for
purposes of clause (ii)(c) the amount of bonus compensation) 

  
 EXHIBIT C-A-2

											
	 	5.	  	  	Combined Net Income: (i)-(ii)+(iii)=	  	 	[    ,    ,    ]	  
				
				  		  	            The net income (or loss) of Credit Parties and the OZ Subsidiaries on a combined basis for such period
taken as a single accounting period determined in conformity with the accounting principles used in the preparation of the Historical Financial Statements:	  	 	[    ,    ,    ]	  
				
				  		  	            To the extent not deducted in determining the net income pursuant to clause (i), the sum of:	  			
				
				  		  	            (a) the income (or loss) of any Person (other than an OZ Subsidiary) in which any other Person (other than
Credit Parties or any of the OZ Subsidiaries) has a joint interest, except to the extent of the amount of dividends or other distributions actually paid to a Credit Party or any of the OZ Subsidiaries by such Person during such period:	  	 	[    ,    ,    ]	  
				
				  		  	            (b) the income (or loss) of any Person accrued prior to the date it becomes an OZ Subsidiary or is merged
into or consolidated with a Credit Party or any of the OZ Subsidiaries or that Person’s assets are acquired by a Credit Party or any of the OZ Subsidiaries:	  	 	[    ,    ,    ]	  
				
				  		  	            (c) the income of any OZ Subsidiary to the extent that the declaration or payment of dividends or similar
distributions by that OZ Subsidiary of that income is not at the time permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that OZ
Subsidiary:	  	 	[    ,    ,    ]	  
				
				  		  	            (d) any after-tax gains or losses attributable to Asset Sales or returned surplus assets of any Pension
Plan:	  	 	[    ,    ,    ]	  

  
 EXHIBIT C-A-3

									
		  		  	(e) to the extent not included in clauses (a) through (d) above) any net extraordinary gains:	  	 	[    ,    ,    ]	  
		  		  	        To the extent deducted in determining the net income pursuant to clause (i) above, any net extraordinary losses:	  	 	[    ,    ,    ]	  
			
	5.	  	Combined Total Debt:	  	 	[    ,    ,    ]	  
			
	6.	  	Economic Income Leverage Ratio: (i)/(ii) =	  	 	[    ,    ,    ]	  
		  		  	            Combined Total Debt (net of Unrestricted Cash and Cash Equivalents):	  	 	[    ,    ,    ]	  
		  		  	            Combined Economic Income for the four Fiscal Quarter period then ended:	  	 	[    ,    ,    ]	  
		  		  	
                        
Actual:
	  	 	  .    :1.00	  
		  		  	
                        
Required:
	  	 	4.00:1.00	  
			
	7.	  	Free Cash Flow: (i)-(ii)(+/-)(iii)+(iv)	  	 	[    ,    ,    ]	  
		  		  	            Combined Adjusted EBITDA:	  	 	[    ,    ,    ]	  
		  		  	            The sum of:	  			

  
 EXHIBIT C-A-4

							
			
		  	            (a) Combined Interest Expense:	  	 	[    ,    ,    ]	  
			
		  	            (b) Combined Capital Expenditures:	  	 	[    ,    ,    ]	  
			
		  	            (c) Permitted Tax Distributions:	  	 	[    ,    ,    ]	  
			
		  	the net realized gains (or losses) on investments:	  	 	[    ,    ,    ]	  
			
		  	dividends and interest from investments:	  	 	[    ,    ,    ]	  
			
	8. 	  	Total AUM:	  			
			
		  	                        Actual:	  	 	[    ,    ,    ]	  
			
		  	                        Required:	  	 	17,500,000,000	  

  
 EXHIBIT C-A-5

 EXHIBIT D TO 
 CREDIT AND GUARANTY AGREEMENT 
 [Intentionally Omitted] 

  
 EXHIBIT D-1

 EXHIBIT E-1 TO 
 CREDIT AND GUARANTY AGREEMENT 
 ASSIGNMENT AGREEMENT 

This Assignment Agreement (this “Assignment”) is dated as of the Effective Date set forth below and is entered into by
and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit
Agreement identified below (as it may be amended, 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 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 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 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, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and
assigned pursuant to clause (i) above (the rights and obligations sold and assigned by the Assignor to the Assignee 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 the Credit Agreement, without representation or warranty by the Assignor. 

 

							
	1.	  	Assignor:	  	 	 	
				
	2.	  	Assignee:	  	 	 	[and is an Affiliate/Related
Fund5]
			
	3.	  	Borrower:	  	OZ MANAGEMENT LP
			
	4.	  	Administrative Agent:	  	GOLDMAN SACHS LENDING PARTNERS LLC, as administrative agent under the Credit Agreement
			
	5.	  	Credit Agreement:	  	The Credit and Guaranty Agreement, dated as of November 15, 2011 (as it may be amended, restated, supplemented or otherwise modified, the “Credit
Agreement”; the terms

  

	5	 Select as
applicable 

  
 EXHIBIT E-1-1

	
	 defined therein and not otherwise defined herein being used herein as therein defined), by and among OZ MANAGEMENT LP, a Delaware limited
partnership (“Borrower”), OZ ADVISORS LP, a Delaware limited partnership, as a Guarantor, OZ ADVISORS II LP, a Delaware limited partnership, as a Guarantor, the other Guarantors party thereto, as Guarantors, the
Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Administrative Agent, GOLDMAN SACHS CREDIT PARTNERS L.P., as Collateral Administrative Agent, and GOLDMAN SACHS LENDING PARTNERS LLC, as Lead
Arranger

  

	6.	Assigned Interest: 

  

									
	 Aggregate Amount of
Commitment/Loans
for all Lenders
	 	Amount of
Commitment/Loans
Assigned	 	 	Percentage Assigned of
Commitment/Loans6	 
	$            	 	$	            	  	 	 	            	% 
	$            	 	$	            	  	 	 	            	% 
	$            	 	$	            	  	 	 	            	% 

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

	7.	Notice and Wire Instructions: 

  

			
	[NAME OF ASSIGNOR]	  	[NAME OF ASSIGNEE]
		
	 Notices:
	  	Notices:
		
	 _______________________
	  	 _______________________

	 _______________________
	  	 _______________________

	 _______________________
	  	 _______________________

	 Attention:
	  	 Attention:

	 Telecopier:
	  	 Telecopier:

		
	with a copy to:	  	with a copy to:

  
  

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

  
 EXHIBIT E-1-2

			
	 ____________________________
	  	 ____________________________

	 ____________________________
	  	 ____________________________

	 ____________________________
	  	 ____________________________

	 Attention:
	  	 Attention:

	 Telecopier:
	  	 Telecopier:

		
	Wire Instructions:	  	Wire Instructions:

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

 

			
	 ASSIGNOR
 [NAME OF ASSIGNOR]

		
	 By:
	 	  

	 Title:
	 	
	
	 ASSIGNEE
 [NAME OF ASSIGNEE]

		
	 By:
	 	  

	 Title:
	 	

  

			
	 Consented to and Accepted:

	
	 GOLDMAN SACHS LENDING PARTNERS LLC,
 as Administrative Agent

		
	 By:
	 	  

		 	Authorized Signatory
	
	 [Consented to] 7:

	
	OZ MANAGEMENT LP
	
	 By: Och-Ziff Holding Corporation,

      its general partner

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  
  

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

  
 EXHIBIT E-1-3

 ANNEX 1 
 STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT AGREEMENT 
  

	1.	Representations and Warranties. 

  

	 	1.1	Assignor. The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned
Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and to consummate the transactions contemplated
hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with any Credit Document, (ii) the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Credit Agreement or any other instrument or document delivered pursuant thereto, other than this Assignment (herein collectively the “Credit Documents”), or any collateral thereunder, (iii) the
financial condition of Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by Borrower, any of its Subsidiaries or Affiliates or any other Person
of any of their respective obligations under any Credit Document. 

  

	 	1.2	 Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to
execute and deliver this Assignment and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible Assignee under the Credit Agreement, (iii) from and
after the Effective Date, it shall be bound by the provisions of the Credit Agreement and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire
assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of
the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.1 thereof, as applicable, and such other documents and information as it deems
appropriate to make its own credit analysis and decision to enter into this Assignment and to purchase the Assigned Interest, (vi) it has, independently and without reliance upon Administrative Agent or any other Lender and based on such
documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and to purchase the Assigned Interest, and (vii) if it is a Non-US Lender, attached to this Assignment is any
documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and 

  
 EXHIBIT E-1-4

	 	
(b) agrees that (i) it will, independently and without reliance on Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Credit
Documents are required to be performed by it as a Lender. 

  

	2.	Payments. All payments with respect to the Assigned Interests shall be made on the Effective Date as follows: 

From and after the Effective Date, 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 shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This
Assignment may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment by telecopy shall be effective as delivery of a manually executed
counterpart of this Assignment. This Assignment and the rights and obligations of the Parties hereunder (including, without limitation, any claims in contract law or tort law arising out of the subject matter hereof and any determinations with
respect to post-judgment interest) shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to conflict of laws principles thereof. 

[Remainder of page intentionally left blank] 

  
 EXHIBIT E-1-5

 EXHIBIT E-2 TO 
 CREDIT AND GUARANTY AGREEMENT 
 BORROWER ASSIGNMENT AGREEMENT 

This Borrower Assignment and Assumption Agreement (this “Assignment”) is dated as of the Borrower Assignment Effective
Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and OZ MANAGEMENT LP (the “Borrower”). Capitalized terms used but not defined herein shall have
the meanings given to them in the Credit Agreement identified below (as it may be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the
Borrower. The Standard Terms and Conditions set forth in Annex 1 attached hereto (the “Standard Terms and Conditions”) are hereby agreed to and incorporated herein by reference and made a part of this Assignment as if set forth
herein in full. 
 For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Borrower, and the
Borrower 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 Borrower Assignment Effective Date inserted by the Administrative Agent as
contemplated in Section 10.6(i) of the Credit Agreement, (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 the Assignor’s outstanding rights and obligations under the respective facilities identified below, 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, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all
other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by the Assignor to the Borrower 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 the Credit Agreement, without representation or
warranty by the Assignor. 
  

							
	1.	  	Assignor:	  	                          
              
			
	2.	  	Borrower:	  	OZ Management LP
		  		  	Markit Entity Identifier (if
any):                                        

			
	3.	  	Administrative Agent:	  	Goldman Sachs Lending Partners LLC, as administrative agent under the Credit Agreement
			
	4.	  	Credit Agreement:	  	The Credit and Guaranty Agreement, dated as of November

  
 E-2-1

							
		  		  	15, 2011, by and among OZ MANAGEMENT LP, a Delaware limited partnership (“Borrower”), OZ ADVISORS LP, a Delaware limited partnership, as a
Guarantor, OZ ADVISORS II LP, a Delaware limited partnership, as a Guarantor, the other Guarantors party thereto, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Administrative Agent,
GOLDMAN SACHS CREDIT PARTNERS L.P., as Collateral Administrative Agent, and GOLDMAN SACHS LENDING PARTNERS LLC, as Lead Arranger.

  

	5.	Assignor’s Interest under the Credit Agreement: 

  

									
	 Facility
	  	Aggregate
Principal 
Face
Amount of Loans of
Assignor	 	  	Percentage
of Loans
of
Assignor1	 
	 Loans
	  	$	            	  	  	 	            	% 

  

	7.	Assigned Interest: 

 List below
the Loans to be assigned by Assignor to Borrower, which shall be subject to the terms, conditions and procedures set forth in Section 10.6(i) of the Credit Agreement. 

 

									
	 Aggregate Amount of
 Loans of all Lenders
	  	Amount of
Loans
Assigned	 	  	Percentage
Assigned
of Loans2	 
	 $            
	  	$	            	  	  	 	            	% 
	 $            
	  	$	            	  	  	 	            	% 

  

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

 

	1 	 Set forth, to at least 9 decimals, as a percentage of the Loans of all Lenders thereunder. To be completed by Assignor. 

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

  
 E-2-2

	9.	Notice and Wire Instructions: 

  

							
	ASSIGNOR:	 	BORROWER:
		
	[NAME OF ASSIGNOR]	 	OZ MANAGEMENT LP
		
	Notices:	 	Notices:
		 	  
	 		 	  

		 	  
	 		 	  

		 	  
	 		 	  

		 	Attention:	 		 	Attention:
		 	Telecopier:	 		 	Telecopier:
		
	with a copy to:	 	with a copy to:
				
		 	  
	 		 	  

		 	  
	 		 	  

		 	  
	 		 	  

		 	Attention:	 		 	Attention:
		 	Telecopier:	 		 	Telecopier:
		
	Wire Instructions:	 	Wire Instructions:

 [Signature page follows] 

  
 E-2-3

 The Assignor acknowledges and agrees that its offer to assign Loans pursuant to
Section 10.6(i) of the Credit Agreement constitutes the Assignor’s acceptance of the terms, conditions and procedures contained in Section 10.6(i) of the Credit Agreement, the other provisions of the Credit Agreement, the other Credit
Documents and this Assignment. 
 The terms set forth in this Assignment are hereby agreed to: 

 

			
	ASSIGNOR
	[NAME OF ASSIGNOR]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	BORROWER
	
	OZ MANAGEMENT LP
	By:	 	Och-Ziff Holding Corporation, its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	 Accepted:
  

GOLDMAN SACHS LENDING PARTNERS LLC, as Administrative Agent.

		
	 By:
	 	  

	 Authorized Signatory

  
 E-2-4

 ANNEX 1 
 STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ACCEPTANCE 

 

	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, and on the applicable Borrower Assignment Effective Date will be, free and clear of any lien, encumbrance or other adverse claim; (iii) it has full power and authority, and has taken all action necessary, to execute and deliver
this Assignment and to consummate the transactions contemplated hereby; and (iv) it has received a copy of the Credit Agreement and such other documents and information as it has deemed appropriate to make its own decision to enter into this
Assignment and to sell and assign the Assigned Interest on the basis of which it has made such decision, (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with any
Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any other instrument or document delivered pursuant thereto, other than this Assignment (herein collectively
the “Credit Documents”), or any collateral thereunder, (iii) the financial condition of Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the
performance or observance by Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Credit Document, and (c) has read and agrees to all of the terms and conditions set forth in
Section 10.6(i) of the Credit Agreement. The Assignor will, upon request, execute and deliver any additional documents deemed by Administrative Agent or the Borrower to be necessary or desirable to complete the sale, assignment and transfer of
the Assigned Interest. In the event that the Assignor has determined for itself to not access any information disclosed by Borrower in connection with the Borrower Loan Purchase or this Assignment, the Assignor acknowledges that (i) other
Lenders may have availed themselves of such information and (ii) none of Borrower, and Administrative Agent has any responsibility for the Assignor’s decision to limit the scope of the information it has obtained in connection with its
evaluation of the Borrower Loan Purchase or its decision to enter into this Assignment. 

  

	 	1.2	Borrower. The Borrower (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver
this Assignment and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement until such time as the Loans are automatically cancelled without further action by any Person on the Borrower Assignment
Effective Date, (ii) it has transmitted same day funds to the Assignor on the Borrower Assignment Effective Date, (iii) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies
of the most recent financial statements delivered pursuant to Section 5.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and to
purchase the Assigned Interest; and (iv) it has, independently and without reliance upon Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Assignment and to purchase the Assigned Interest; and (b) agrees that it acknowledges that the Assigned Interest shall, from and after the Borrower Assignment Effective Date, and without further action by any Person,
be deemed cancelled for all purposes and no longer outstanding and that the Borrower shall have no ability to vote or receive payments in respect of the Assigned Interest. 

	 	1.3	Additional Acknowledgments. Assignor acknowledges that (a) Borrower currently may have, and later may come into possession of, information regarding the
Credit Documents or the Credit Parties (including but not limited to financial results and business plans) that is not known to Assignor and that may be material to a decision to enter into this Assignment (“Assignor Excluded
Information”), (b) it has independently and without reliance on Borrower, and based on such information as it has deemed appropriate, made its own analysis and determined to enter into this Assignment and to consummate the transactions
contemplated hereby, notwithstanding its lack of knowledge of the Assignor Excluded Information, and (c) Borrower shall not have any liability to Assignor, and Assignor hereby (to the extent permitted by law) waives and releases any claims that
it may have against Borrower, whether under applicable securities laws or otherwise, with respect to the nondisclosure of the Assignor Excluded Information in connection with the transactions described herein; provided that the Assignor
Excluded Information shall not and does not affect the truth or accuracy of the representations or warranties of either party set forth in this Assignment. Each of Assignor and Borrower acknowledges that the Assignor Excluded Information may not be
available to Administrative Agent or the Lenders. Further, Assignor acknowledges that (a) it has independently and without reliance on Borrower or any Agent, and based on such information as Assignor has deemed appropriate, made its own
independent credit analysis and legal analysis in connection with Borrower and in connection with this Assignment, including with respect to tax and bankruptcy matters, and it has consulted with its own advisors with respect thereto as it has deemed
appropriate and (b) neither Borrower nor any Agent shall have any duty or responsibility to conduct any such analysis on behalf of Assignor. 

  

	 	1.4	No Violation of Laws. Each of the Assignor and Borrower acknowledges that it has not violated any applicable laws relating to this Assignment or the transactions
contemplated herein. 

 2. Payments. Payment to the Assignor by the Borrower in respect of the settlement of the assignment
of the Assigned Interest shall be paid by Borrower directly to the Assignor and shall include all unpaid interest that has accrued in respect of the Assigned Interest through the Borrower Assignment Effective Date. No interest shall accrue with
respect to the Assigned Interest from and after the Borrower Assignment Effective Date and such Assigned Interest shall, from and after the Borrower Assignment Effective Date, and without further action by any Person, be deemed cancelled for all
purposes and no longer outstanding. 
 3. No Default. On the Borrower Assignment Effective Date, no Default or Event of Default has
occurred and is continuing or would result from this Assignment. 
 4. General Provisions. This Assignment shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a
signature page of this Assignment by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment. This Assignment and the rights and obligations of the Parties hereunder (including, without limitation, any claims in
contract law or tort law arising out of the subject matter hereof and any determinations with respect to post-judgment interest) shall be governed by, and construed in accordance with, the internal laws of the State of New York without regard to
conflict of laws principles thereof that would require the application of laws other than those of the State of New York. 

 EXHIBIT F TO 
 CREDIT AND GUARANTY AGREEMENT 
 CERTIFICATE RE NON-BANK STATUS 

Reference is made to the Credit and Guaranty Agreement, dated as of November 15, 2011 (as it may be amended, restated, supplemented or otherwise
modified, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among OZ MANAGEMENT LP, a Delaware limited partnership (“Borrower”),
OZ ADVISORS LP, a Delaware limited partnership (“Advisors”), as a Guarantor, OZ ADVISORS II LP, a Delaware limited partnership (“Advisors II”), as a Guarantor, the other Guarantors party thereto, as
Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Administrative Agent, GOLDMAN SACHS CREDIT PARTNERS L.P., as Collateral Administrative Agent, and GOLDMAN SACHS LENDING PARTNERS
LLC, as Lead Arranger. Pursuant to Section 2.20(d) of the Credit Agreement, the undersigned hereby certifies that it is not a “bank” or other Person described in Section 881(c)(3) of the Internal Revenue Code of 1986, as
amended. 
  

			
	 [NAME OF LENDER]

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  
 EXHIBIT F-1

 CLOSING DATE CERTIFICATE 

THE UNDERSIGNED HEREBY CERTIFY AS FOLLOWS: 
 1. I am the chief financial officer of Och-Ziff Holding Corporation, a Delaware corporation, the general partner of OZ MANAGEMENT LP, a Delaware limited partnership (“Borrower”).

 2. I have reviewed the terms of Section 3.1 of the Credit and Guaranty Agreement, dated as of November 15, 2011 (as
it may be amended, restated, supplemented or otherwise modified, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among Borrower, OZ ADVISORS LP,
a Delaware limited partnership (“Advisors”), as a Guarantor, OZ ADVISORS II LP, a Delaware limited partnership (“Advisors II”), as a Guarantor, the other Guarantors party thereto, as Guarantors, the Lenders
party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Administrative Agent, GOLDMAN SACHS CREDIT PARTNERS L.P., as Collateral Administrative Agent, and GOLDMAN SACHS LENDING PARTNERS LLC, as Lead Arranger, and
the definitions and provisions contained in such Credit Agreement relating thereto, and in my opinion I have made, or have caused to be made under my supervision, such examination or investigation as is necessary to enable me to express an informed
opinion as to the matters referred to herein. 
 3. Based upon my review and examination described in paragraph 2 above, I
certify, on behalf of Borrower, that as of the date hereof: 
 (i) the representations and warranties contained
in the Credit Agreement and the other Credit Documents are true and correct in all material respects on and as of the Closing Date to the same extent as though made on and as of such date, except to the extent such representations and warranties
specifically relate to an earlier date, in which case such representations and warranties are true and correct in all material respects on and as of such earlier date; 

(ii) there is no action, suit, investigation, litigation, proceeding or hearing or other legal or regulatory developments,
pending in any court or before any arbitrator or Governmental Authority that would reasonably be expected to have a Material Adverse Effect; and 
 (iii) no event has occurred and is continuing or would result from the consummation of the borrowing contemplated hereby that would constitute an Event of Default or a Default. 

4. Each Credit Party has requested Skadden, Arps, Slate, Meagher & Flom LLP to deliver to Administrative Agent and Lenders on
the Closing Date a favorable written opinion as to such matters as Administrative Agent may reasonably request. 
 [Remainder of
page intentionally left blank] 

  
 G-1-1

 The foregoing certifications are made and delivered as of     , 2011.

  

			
	 OZ MANAGEMENT LP

		
	 By:
	 	Och-Ziff Holding Corporation,
		 	its general partner
	
	  
 Name:

	 Title:

  
 G-1-2

 EXHIBIT G-2 TO 
 CREDIT AND GUARANTY AGREEMENT 
 SOLVENCY CERTIFICATE 

THE UNDERSIGNED HEREBY CERTIFIES AS FOLLOWS: 
 1. I am the chief financial officer of Och-Ziff Holding Corporation, a Delaware corporation, the general partner of OZ MANAGEMENT LP, a Delaware limited partnership (“Borrower”).

 2. Reference is made to that certain Credit and Guaranty Agreement, dated as of November 15, 2011 (as it may be amended,
restated, supplemented or otherwise modified, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among Borrower, OZ ADVISORS LP, a Delaware limited
partnership (“Advisors”), as a Guarantor, OZ ADVISORS II LP, a Delaware limited partnership (“Advisors II”), as a Guarantor, the other Guarantors party thereto, as Guarantors, the Lenders party thereto from
time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Administrative Agent, GOLDMAN SACHS CREDIT PARTNERS L.P., as Collateral Administrative Agent, and GOLDMAN SACHS LENDING PARTNERS LLC, as Lead Arranger. 

3. I have reviewed the terms of Section 3.1(i) of the Credit Agreement and the definitions and provisions contained in the Credit
Agreement relating thereto, and, in my opinion, have made, or have caused to be made under my supervision, such examination or investigation as is necessary to enable me to express an informed opinion as to the matters referred to herein.

 4. Based upon my review and examination described in paragraph 3 above, I certify, on behalf of Borrower, that as of the
date hereof, Borrower, Advisors, Advisors II[, each New Advisor] and the OZ Subsidiaries are, on a consolidated basis, Solvent. 

The foregoing certifications are made and delivered as of     , 2011. 

 

			
	OZ MANAGEMENT LP
		
	By:	 	Och-Ziff Holding Corporation, its general partner
	
	  

	Name:	 	
	Title:	 	

  
 G-2-1

 EXHIBIT H TO 
 CREDIT AND GUARANTY AGREEMENT 
 COUNTERPART AGREEMENT 

This COUNTERPART AGREEMENT, dated [mm/dd/yy] (this “Counterpart Agreement”) is delivered pursuant to that
certain Credit and Guaranty Agreement, dated as of November 15, 2011 (as it may be amended, restated, supplemented or otherwise modified, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being
used herein as therein defined), by and among OZ MANAGEMENT LP, a Delaware limited partnership (“Borrower”), OZ ADVISORS LP, a Delaware limited partnership (“Advisors”), as a Guarantor, OZ ADVISORS
II LP, a Delaware limited partnership (“Advisors II”), as a Guarantor, the other Guarantors party thereto, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS LENDING PARTNERS LLC, as Administrative
Agent, GOLDMAN SACHS CREDIT PARTNERS L.P., as Collateral Administrative Agent, and GOLDMAN SACHS LENDING PARTNERS LLC, as Lead Arranger. 
 Section 1. Pursuant to Section 5.10 of the Credit Agreement, the undersigned hereby: 
 (a) agrees that this Counterpart Agreement may be attached to the Credit Agreement and that by the execution and delivery hereof, the undersigned becomes a Guarantor under the Credit Agreement and agrees
to be bound by all of the terms thereof; 
 (b) represents and warrants that each of the representations and
warranties set forth in the Credit Agreement and each other Credit Document and applicable to the undersigned is true and correct in all material respects both before and after giving effect to this Counterpart Agreement, except to the extent that
any such representation and warranty relates solely to any earlier date, in which case such representation and warranty is true and correct in all material respects as of such earlier date; 

(c) agrees that no event has occurred or is continuing as of the date hereof, or will result from the transactions
contemplated hereby on the date hereof, that would constitute an Event of Default or a Default; 
 (d) agrees to
irrevocably and unconditionally guaranty the due and punctual payment in full of all Obligations when the same shall become due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts
that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)) and in accordance with Section 7 of the Credit Agreement; and 

(e)(i) agrees that this counterpart may be attached to the Pledge and Security Agreement, (ii) agrees that the
undersigned will comply with all the terms and conditions of the Pledge and Security Agreement as if it were an original signatory thereto, (iii) grants to Collateral Administrative Agent a security interest in all of the undersigned’s
right, title and interest in and to all “Collateral” (as such term is defined in the Pledge and Security Agreement) of the undersigned, in each case whether now or hereafter existing or in which the undersigned now has or hereafter
acquires an interest 

  
 EXHIBIT H-1

 
and wherever the same may be located and (iv) delivers to Collateral Administrative Agent supplements to all schedules attached to the Pledge and Security Agreement. All such Collateral
shall be deemed to be part of the “Collateral” and hereafter subject to each of the terms and conditions of the Pledge and Security Agreement. 
 Section 2. The undersigned agrees from time to time, upon reasonable request of Administrative Agent or Collateral Administrative Agent, to take such additional actions and to execute and
deliver such additional documents and instruments as Administrative Agent or Collateral Administrative Agent may reasonably request to effect the transactions contemplated by, and to carry out the intent of, this Counterpart Agreement. Neither this
Counterpart Agreement nor any term hereof may be changed, waived, discharged or terminated, except by an instrument in writing signed by the party (including, if applicable, any party required to evidence its consent to or acceptance of this
Counterpart Agreement) against whom enforcement of such change, waiver, discharge or termination is sought. Any notice or other communication herein required or permitted to be given shall be given pursuant to Section 10.1 of the Credit
Agreement, and all for purposes thereof, the notice address of the undersigned shall be the address as set forth on the signature page hereof. In case any provision in or obligation under this Counterpart Agreement shall be invalid, illegal or
unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 

THIS COUNTERPART AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN
CONTRACT LAW OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF AND AY DETERMINATIONS WITH RESPECT TO POST-JUDGMENT INTEREST) SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT
REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 
 [Remainder of page intentionally left blank] 

  
 EXHIBIT H-2

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

			
	[NAME OF SUBSIDIARY]
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	 Address for Notices:

		 	  

		 	  

		 	  

		 	     Attention:
		 	     Telecopier
	
	 with a copy to:

		 	  

		 	  

		 	  

		 	      Attention:

		 	      Telecopier

 ACKNOWLEDGED AND ACCEPTED, 
 as of the date above first written: 
  

			
	 GOLDMAN SACHS LENDING PARTNERS LLC,

as Administrative Agent

		
	 By:
	 	  

		 	Authorized Signatory

  

			
	 GOLDMAN SACHS CREDIT PARTNERS L.P.,

as Collateral Administrative Agent

		
	 By:
	 	  

		 	Authorized Signatory

  
 EXHIBIT H-3

 EXHIBIT I TO 
 CREDIT AND GUARANTY AGREEMENT 
 INTERCOMPANY NOTE 

New York, New York 

[            ,     ] , 20[    ]

 FOR VALUE RECEIVED, each of the undersigned, as Maker, severally and not jointly, hereby unconditionally promises to
pay to the order of each of the undersigned, as Payee, advances of principal (“Advances”) made from time to time by such Payee to such Maker as shown on the books and records of OZ MANAGEMENT LP, a Delaware limited
partnership (“Company”), OZ ADVISORS LP, a Delaware limited partnership (“Advisors”), and OZ ADVISORS II LP, a Delaware limited partnership (“Advisors II”), together with interest from
the date of the making of any such Advance, whether or not such Advance is made prior to or on or after the date hereof) on the unpaid principal thereof until paid in full at the interest rate per annum as stated in the attached schedule in respect
of Advances made from time to time by a particular Payee to a particular Maker. 
 The unpaid principal of any Advances and all
accrued and unpaid interest thereon, owing by any Maker to any Payee shall be due and payable on demand of such Payee. 

Whenever any payment on this Intercompany Note (this “Note”) shall be stated to be due on a day which is not a Business
Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of the payment of interest on this Note. 
 Except as provided herein, Maker reserves the right to prepay the outstanding principal amount of any Advances, in whole or in part, at any time and from time to time, without premium or penalty;
provided that interest shall be paid on the amount prepaid to and including the date of prepayment. 
 This Note is one
of the promissory notes contemplated by Section 6.1(b) of that certain Credit and Guaranty Agreement, dated as of November 15, 2011 (as it may be amended, restated, supplemented or otherwise modified, the “Credit
Agreement”); the terms defined therein and not otherwise defined herein as therein defined), by and among Company, as Borrower, Advisors, as Guarantor, Advisors II, as Guarantor, certain Subsidiaries of Company, as Guarantors, the Lenders
party thereto from time to time, and GOLDMAN SACHS LENDING PARTNERS LLC as Administrative Agent. 
 The Maker (or its
agent or sub-agent appointed by it) shall maintain a register for the recordation of the names and addresses of Payees and Advances of each Payee from time to time (the “Register”). The Register shall be available for
inspection by Maker or any Payee (with respect to any entry relating to such Payee’s Advances) at any reasonable time and from time to time upon reasonable prior notice. The Maker shall record, or shall cause to be recorded, in the Register the
Advances, and each repayment or prepayment in respect of the principal amount of the Advances, and any such recordation shall be conclusive and binding on Maker and each Payee, absent manifest error. Maker and Payees shall deem and treat the Payees
listed in the Register as the holders and owners of the corresponding Advances listed therein for all purposes hereof, and no assignment or transfer of any such Advance shall be effective, in each case, unless and until recorded in the Register
following receipt of written notification effecting the assignment or transfer thereof. This Note will, forthwith upon its issuance by Maker, be endorsed in blank and undated; provided, however, that nothing contained herein or of the
endorsement hereof shall allow Administrative Agent to demand payment under this Note prior to the occurrence of an Event of Default. 

  
 EXHIBIT I-1

 In addition to, and not in limitation of, the foregoing, Makers agree, jointly and
severally, to pay all costs and expenses, including reasonable attorneys’ fees, incurred in connection with the collection and enforcement of this Note. 
 Each Maker, for itself and any of its successors and assigns, hereby waives diligence, presentment, protest, demand and notice of any kind and, to the full extent permitted by law, the right to plead any
statute of limitations as a defense to any demand hereunder. 
 No delay on the part of any Payee in the exercise of any right
or remedy shall operate as a waiver thereof, and no single or partial exercise by such Payee, of any right or remedy shall preclude any other or further exercise of any other right or remedy. 

No Person shall be personally liable (whether by operation of law or otherwise) for payments due hereunder except as expressly provided
herein. The sole recourse of each Payee for satisfaction of the obligations arising hereunder shall be against the Maker and its assets and not against any other Person. 
 Payment of the principal of, and interest on, this Note is expressly subordinated and subject in right of payment to the prior payment in full of all obligations of each Maker (whether as borrower,
guarantor or pledgor) under any of the Credit Documents, and the outstanding principal amount of this Note shall be reduced pro tanto by the amount of any payment made by each Maker in respect of its Obligations under any Credit
Document. By acceptance of this Note, the holder agrees to be bound by the subordination provisions of this paragraph. 

THIS NOTE AND THE RIGHTS AND OBLIGATIONS OF MAKERS AND PAYEES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF. 
 In case any
provision in or obligation under this Note shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other
jurisdiction, shall not in any way be affected or impaired thereby. 
 [Remainder of page intentionally left blank.] 

  
 EXHIBIT I-2

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

					
	OZ MANAGEMENT LP
	 By: Och-Ziff Holding Corporation,
 its general partner

		
	By:	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	OZ ADVISORS LP
	 By: Och-Ziff Holding Corporation,
 its general partner

		
	By:	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	OZ ADVISORS II LP
	 By: Och-Ziff Holding LLC,
 its general partner

		
	By:	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	OCH-ZIFF HOLDING II LLC
	 By: OZ Management LP, its member
 By: Och-Ziff Holding Corporation,
 its general partner

		
	By:	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer

  
 EXHIBIT I-3

					
	OZ MANAGEMENT II LP
	 By: Och-Ziff Holding II LLC,
 its general partner

	By: OZ Management LP, its member
	 By: Och-Ziff Holding Corporation,
 its general partner

		
	By:	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	OZSC GP, LLC
	By: OZ Advisors LP, its member
	 By: Och-Ziff Holding Corporation,
 its general partner

		
	By:	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	OZSC GP, L.P.
	By: OZSC GP, LLC, its general partner
	By: OZ Advisors LP, its member
	 By: Och-Ziff Holding Corporation,
 its general partner

		
	By:	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer

  
 EXHIBIT I-4

 
			
	OZ EUREKA FUND GP, L.P.
	By:	 	OZ Eureka Fund GP, LLC, its general partner
	By:	 	OZ Advisors LP, its member
	By:	 	Och-Ziff Holding Corporation,
	its general partner
		
	By:	 	  

		 	Name: Joel M. Frank
		 	Title: Chief Financial Officer
	
	OZ STRUCTURED PRODUCTS
		 	OVERSEAS FUND GP, L.P.
		 	By: OZ Structured Products Overseas Fund
		 	GP, LLC, its general partner
		 	By: OZ Advisors II LP, its member
		 	By: Och-Ziff Holding LLC,
		 	its general partner
		
	By:	 	  

		 	Name: Joel M. Frank
		 	Title: Chief Financial Officer
	
	OZ STRUCTURED PRODUCTS
		 	FUND GP, L.P.
		 	By: OZ Structured Products Fund GP, LLC,
		 	its general partner
		 	By: OZ Advisors LP, its member
		 	By: Och-Ziff Holding Corporation,
		 	its general partner
		
	By:	 	  

		 	Name: Joel M. Frank
		 	Title: Chief Financial Officer

  
 EXHIBIT I-5

 
			
	OCH-ZIFF ENERGY FUND GP, L.P.
		 	By: Och-Ziff Energy Fund GP, LLC,
		 	its general partner
		 	By: OZ Advisors LP, its managing member
		 	By: Och-Ziff Holding Corporation,
		 	its general partner
		
	By:	 	  

		 	Name: Joel M. Frank
		 	Title: Chief Financial Officer
	
	OZ STRUCTURED PRODUCTS
		 	FUND II GP, L.P.
		 	By: OZ Structured Products Fund II GP, LLC,
		 	its general partner
		 	By: OZ Advisors LP, its member
		 	By: Och-Ziff Holding Corporation,
		 	its general partner
		
		 	By:
		
		 	  

		 	Name: Joel M. Frank
		 	Title: Chief Financial Officer
	
	OZ STRUCTURED PRODUCTS OVERSEAS
		 	FUND II GP, L.P.
		 	By: OZ Structured Products Overseas Fund II
		 	GP, LLC, its general partner
		 	By: OZ Advisors II LP, its member
		 	By: Och-Ziff Holding LLC,
		 	its general partner
		
		 	By:
		
		 	  

		 	Name: Joel M. Frank
		 	Title: Chief Financial Officer

  
 EXHIBIT I-6

 
			
	OZ AGC GP II, L.P.
		 	By: AGC GP II, LLC, its general partner
		
		 	By:
		
		 	  

		 	Name: Joel M. Frank
		 	Title: Chief Financial Officer
	
	OZ CREDIT OPPORTUNITIES OVERSEAS
		 	FUND GP, L.P.
		 	By: OZ Credit Opportunities Overseas Fund
		 	GP, LLC, its general partner
		 	By: OZ Advisors II LP, its member
		 	By: Och-Ziff Holding LLC,
		 	its general partner
		
		 	By:
		
		 	  

		 	Name:
		 	Title:
	
	CH MEZZANINE INVESTMENT GP, LTD.
		
		 	By:
		
		 	  

		 	Name:
		 	Title:

  
 EXHIBIT I-7

			
	 OZ PARTNER AGC II FEEDER GP, LTD.

		
		 	 By:             

		 	  

		 	 Name:

		 	 Title:

	
	 OZ INDIA REAL ESTATE FUND GP LTD.

		
		 	 By:             

		 	  

		 	 Name:

		 	 Title:

  
 EXHIBIT I-8

 TRANSACTIONS ON INTERCOMPANY NOTE 

					
	Maker:	  	 	  	Payee:
		
	 	  	

  

													
	 Date
	 	 Amount of

Advance

Made

This Date
	 	 Interest

Rate on

Advance

Made This
 Date
	  	Amount of
Principal
Paid 
This
Date	  	Outstanding
Principal
Balance This
Date	  	Amount of
Interest Paid
This Date	  	Notation
Made By
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	
		 		 		  		  		  		  	

  
 EXHIBIT I-9

 ENDORSEMENT 
 The undersigned hereby assigns and transfers to the order of                    , the attached
Intercompany Note. 
 Date:
                    , 20     
  

					
	OZ MANAGEMENT LP
		 	 By: Och-Ziff Holding Corporation,

its general partner

		
	 By:
	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	OZ ADVISORS LP
		 	 By: Och-Ziff Holding Corporation,

its general partner

		
	 By:
	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	OZ ADVISORS II LP
		 	 By: Och-Ziff Holding LLC,
 its general partner

		
	 By:
	 	  

		 	 Name:
	 	Joel M. Frank
		 	 Title:
	 	Chief Financial Officer
	
	OCH-ZIFF HOLDING II LLC
		 	 By: OZ Management LP, its member
 By: Och-Ziff Holding Corporation,
 its general partner

		
	By:	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer

  
 EXHIBIT I-10

 
					
	OZ MANAGEMENT II LP
		 	 By: Och-Ziff Holding II LLC,
 its general partner

		 	 By: OZ Management LP, its member
 By: Och-Ziff Holding Corporation,
 its general partner

		
	By:	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	OZSC GP, LLC
		 	 By: OZ Advisors LP, its member
 By: Och-Ziff Holding Corporation,
 its general partner

		
	By:	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	OZSC GP, L.P.
		 	 By: OZSC GP, LLC, its general partner
 By: OZ Advisors LP, its member
 By: Och-Ziff Holding Corporation,

its general partner

		
	By:	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer

  
 EXHIBIT I-11

 
					
	OZ EUREKA FUND GP, L.P.
		 	 By: OZ Eureka Fund GP, LLC,
 its general partner
 By: OZ Advisors LP, its member

By: Och-Ziff Holding Corporation,
 its general
partner

		
	 By:
	 	  

		 	 Name:
	 	Joel M. Frank
		 	 Title:
	 	Chief Financial Officer
	
	OZ STRUCTURED PRODUCTS
		 	 OVERSEAS FUND GP, L.P.

By: OZ Structured Products Overseas Fund

GP, LLC, its general partner

By: OZ Advisors II LP, its member

By: Och-Ziff Holding LLC,

its general partner

		
	By:	 	  

		 	 Name:
	 	Joel M. Frank
		 	 Title:
	 	Chief Financial Officer
	
	OZ STRUCTURED PRODUCTS
		 	FUND GP, L.P.
		 	 By: OZ Structured Products Fund GP, LLC,
 its general partner
 By: OZ Advisors LP, its
member
 By: Och-Ziff Holding Corporation,

its general partner

		
	 By:
	 	  

		 	 Name:
	 	Joel M. Frank
		 	 Title:
	 	Chief Financial Officer

  
 EXHIBIT I-12

 
					
	OCH-ZIFF ENERGY FUND GP, L.P.
		 		 	         By: Och-Ziff Energy Fund GP, LLC, its

        general partner

		 		 	         By: OZ Advisors LP, its managing member

		 		 	         By: Och-Ziff Holding Corporation, its general 

		 		 	
        partner

					
		
	 By:
	 	  

		 	    Name:	 	Joel M. Frank
		 	    Title:	 	Chief Financial Officer

 

					
	OZ STRUCTURED PRODUCTS
		 	        FUND II GP, L.P.
		 	        By: OZ Structured Products Fund II GP, LLC, 
		 	        its general partner
		 	        By: OZ Advisors LP, its member
		 	         By: Och-Ziff Holding Corporation,

        its general partner

 

							
		 		 	By:
		 		 	  

		 		 	Name:	 	Joel M. Frank
		 		 	Title:	 	Chief Financial Officer

 

					
	OZ STRUCTURED PRODUCTS OVERSEAS
		 	        FUND II GP, L.P.
		 	        By: OZ Structured Products Overseas Fund II 
		 	        GP, LLC, its general partner
		 	        By: OZ Advisors II LP, its member
		 	         By: Och-Ziff Holding LLC,

        its general partner

 

							
		 		 	By:
		 		 	  

		 		 	Name:	 	Joel M. Frank
		 		 	Title:	 	Chief Financial Officer

  
 EXHIBIT I-13

 
					
	OZ AGC GP II, L.P.
		 	By:	 	AGC GP II, LLC, its general partner
			
		 	By:	 	
		 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer

  

			
	OZ CREDIT OPPORTUNITIES OVERSEAS FUND GP, L.P.
		 	By: OZ Credit Opportunities Overseas Fund GP, LLC, its general partner
		 	By: OZ Advisors II LP, its member
		 	By: Och-Ziff Holding LLC, its general partner
		
		 	By:
		 	  

		 	Name:
		 	Title:

  

			
	 CH MEZZANINE INVESTMENT GP, LTD.

		
		 	 By:             

		 	  

		 	 Name:

		 	 Title:

  
 EXHIBIT I-14

 
			
	OZ PARTNER AGC II FEEDER GP, LTD.
		
		 	By:
		 	  

		 	Name:
		 	Title:

  

			
	OZ INDIA REAL ESTATE FUND GP LTD.
		
		 	By:
		 	  

		 	Name:
		 	Title:

  
 EXHIBIT I-15

 EXHIBIT J TO 
 CREDIT AND GUARANTY AGREEMENT 
 AMENDED AND RESTATED 

PLEDGE AND SECURITY AGREEMENT 
 dated as of November [    ], 2011 
 among

 EACH OF THE GRANTORS PARTY HERETO 
 and 
 GOLDMAN SACHS CREDIT PARTNERS L.P., 

as Administrative Agent 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	PAGE	 
	 Section 1.  
	  	    DEFINITIONS; GRANT OF SECURITY	  	 	2	  
	 1.1
	  	General Definitions	  	 	2	  
	 1.2
	  	Definitions; Interpretation	  	 	8	  
	 Section 2.  
	  	    GRANT OF SECURITY	  	 	9	  
	 2.1
	  	Grant of Security	  	 	9	  
	 2.2
	  	Certain Limited Exclusions	  	 	10	  
	 Section 3.  
	  	    SECURITY FOR OBLIGATIONS; GRANTORS REMAIN LIABLE	  	 	11	  
	 3.1
	  	Security for Obligations	  	 	11	  
	 3.2
	  	Continuing Liability Under Collateral	  	 	12	  
	 Section 4.  
	  	    CERTAIN PERFECTION REQUIREMENTS	  	 	12	  
	 4.1
	  	Delivery Requirements	  	 	12	  
	 4.2
	  	Control Requirements	  	 	12	  
	 4.3
	  	Intellectual Property Recording Requirements	  	 	13	  
	 4.4
	  	Other Actions	  	 	13	  
	 4.5
	  	Timing and Notice	  	 	14	  
	 4.6
	  	Certain Actions to be taken in connection with Effectiveness of this Agreement	  	 	14	  
	 Section 5.  
	  	    REPRESENTATIONS AND WARRANTIES	  	 	14	  
	 5.1
	  	Grantor Information & Status	  	 	14	  
	 5.2
	  	Collateral Identification, Special Collateral	  	 	15	  
	 5.3
	  	Ownership of Collateral and Absence of Other Liens	  	 	15	  
	 5.4
	  	Status of Security Interest	  	 	15	  
	 5.5
	  	Goods and Receivables	  	 	16	  
	 5.6
	  	Pledged Equity Interests, Investment Related Property	  	 	17	  
	 5.7
	  	Intellectual Property	  	 	17	  
	 Section 6.  
	  	    COVENANTS AND AGREEMENTS	  	 	18	  
	 6.1
	  	Grantor Information and Status	  	 	18	  
	 6.2
	  	Securities Accounts	  	 	18	  
	 6.3
	  	Ownership of Collateral and Absence of Other Liens	  	 	19	  
	 6.4
	  	Status of Security Interest	  	 	19	  
	 6.5
	  	Goods and Receivables	  	 	19	  
	 6.6
	  	Pledged Equity Interests, Investment Related Property	  	 	21	  
	 6.7
	  	Intellectual Property	  	 	23	  
	 Section 7.  
	  	    ACCESS; RIGHT OF INSPECTION AND FURTHER ASSURANCES; ADDITIONAL GRANTORS	  	 	24	  
	 7.1
	  	Access; Right of Inspection	  	 	24	  
	 7.2
	  	Further Assurances	  	 	24	  
	 7.3
	  	Additional Grantors	  	 	25	  
	 Section 8.  
	  	    ADMINISTRATIVE AGENT APPOINTED ATTORNEY-IN-FACT	  	 	25	  
	 8.1
	  	Power of Attorney	  	 	26	  
	 8.2
	  	No Duty on the Part of Administrative Agent or Secured Parties	  	 	27	  
	 Section 9.  
	  	    REMEDIES	  	 	27	  
	9.1	  	Generally	  	 	27	  

  
 i 

							
	9.2	  	Application of Proceeds	  	 	28	  
	9.3	  	Sales on Credit	  	 	29	  
	9.4	  	Investment Related Property	  	 	29	  
	9.5	  	Grant of Intellectual Property License	  	 	30	  
	9.6	  	Intellectual Property	  	 	30	  
	9.7	  	Cash Proceeds; Deposit Accounts	  	 	32	  
	Section 10.	  	    ADMINISTRATIVE AGENT	  	 	32	  
	Section 11.	  	    CONTINUING SECURITY INTEREST; TRANSFER OF LOANS	  	 	33	  
	Section 12.	  	    STANDARD OF CARE; ADMINISTRATIVE AGENT MAY PERFORM	  	 	34	  
	Section 13.	  	    MISCELLANEOUS.	  	 	34	  

 SCHEDULE 1.1(A) — DEPOSIT ACCOUNTS AND SECURITIES ACCOUNTS 

SCHEDULE 1.1(B) — EXISTING MANAGEMENT AGREEMENTS 
 SCHEDULE 1.1(C) — LIMITED PARTNERSHIP AGREEMENTS 
 SCHEDULE 2.2(C) — EXCLUDED
ISSUERS 
 SCHEDULE 2.2(D) — DEFERRED FEE AGREEMENTS 
 SCHEDULE 5.1 — GENERAL INFORMATION 
 SCHEDULE 5.2 — COLLATERAL IDENTIFICATION

 SCHEDULE 5.4 — FINANCING STATEMENTS 
 EXHIBIT A — PLEDGE SUPPLEMENT 
 EXHIBIT B — UNCERTIFICATED SECURITIES CONTROL
AGREEMENT 
 EXHIBIT C — SECURITIES ACCOUNT CONTROL AGREEMENT 
 EXHIBIT D — TRADEMARK SECURITY AGREEMENT 
 EXHIBIT E — COPYRIGHT SECURITY
AGREEMENT 
 EXHIBIT F — PATENT SECURITY AGREEMENT 

  
 ii 

 This AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT, dated as of dated as of
November [            ], 2011 (this “Agreement”), is entered into by and among OZ MANAGEMENT LP, a Delaware limited partnership
(“Borrower”), OZ ADVISORS LP, a Delaware limited partnership (“Advisors”), OZ ADVISORS II LP, a Delaware limited partnership (“Advisors II”), certain other Guarantors party hereto from
time to time, whether as an original signatory hereto or as an Additional Grantor (as herein defined) (each, a “Grantor”), and GOLDMAN SACHS CREDIT PARTNERS L.P. (“GSCP”), as agent for the Secured Parties (as
herein defined) pursuant to the Credit Agreement and the New Credit Agreement (as herein defined) (in such capacity, together with its successors and permitted assigns, “Administrative Agent”). 

RECITALS: 

WHEREAS, reference is made to that certain Amended and Restated Credit and Guaranty Agreement, dated as of October 26, 2007
(as amended to date and as hereafter amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among Borrower, Advisors, Advisors II and certain other Guarantors party thereto, as
Guarantors, the lenders party thereto from time to time (the “Lenders”), GSCP, as joint lead arranger, joint bookrunner and Administrative Agent, Lehman Brothers Inc., as joint lead arranger and joint bookrunner, and Lehman
Commercial Paper Inc., as syndication agent; 
 WHEREAS, subject to the terms and conditions of the Credit Agreement,
certain Grantors have entered into or may hereafter enter into one or more Hedge Agreements with one or more Lender Counterparties; 
 WHEREAS, in consideration of the extensions of credit and other accommodations of Lenders and Lender Counterparties as set forth in the Credit Agreement and the Hedge Agreements, respectively, each
Grantor has agreed to secure such Grantor’s obligations under the Credit Documents and the Hedge Agreements under that certain Pledge and Security Agreement dated as of December 31, 2007 (the “Original Pledge and Security
Agreement”); 
 WHEREAS, the Grantors, certain New Lenders (as defined herein) and Goldman Sachs Lending
Partners LLC (“GSLP”), as administrative agent (in such capacity, the “New Agent”), and GSCP, as collateral administrative agent (in such capacity, together with its successors and permitted assigns,
“Collateral Administrative Agent”), have entered into that certain Credit and Guaranty Agreement dated as of November 15, 2011 (as it may be amended, restated, supplemented or otherwise modified, from time to time, the
“New Credit Agreement”) pursuant which the New Lenders (as herein defined) have agreed to make certain extensions of credit to Borrower in an aggregate principal amount of up to $391,000,000; 

WHEREAS, subject to the terms and conditions of the New Credit Agreement, certain Grantors have entered into or may hereafter
enter into one or more Hedge Agreements with one or more New Lender Counterparties (as herein defined); 

 WHEREAS, in order to induce the New Agent and New Lenders to make the initial Loans
under the New Credit Agreement, the Grantors and the Administrative Agent are willing to amend and restate the Original Pledge and Security Agreement pursuant to this Agreement to provide that the Secured Obligations include the Obligations and the
New Obligations (as defined herein); and 
 WHEREAS, pursuant to that certain Amendment and Waiver to Amended and
Restated Credit and Guaranty Agreement, dated as of November 15, 2011, Requisite Lenders under the Credit Agreement have directed Administrative Agent to enter into such amendments to the Collateral Documents (as defined in the Credit
Agreement) as may be necessary to accomplish the foregoing. 
 NOW, THEREFORE, in consideration of the premises
and the agreements, provisions and covenants herein contained, each Grantor and Administrative Agent amend and restate the Original Pledge and Security Agreement to read as follows: 
 SECTION 11. DEFINITIONS; GRANT OF SECURITY. 
 11.1. General
Definitions. In this Agreement, the following terms shall have the following meanings: 
 “Additional
Grantors” shall have the meaning assigned in Section 7.3. 
 “Administrative Agent” shall have
the meaning set forth in the preamble. 
 “Advisors” shall have the meaning set forth in the preamble.

 “Advisors II” shall have the meaning set forth in the preamble. 

“Agreement” shall have the meaning set forth in the preamble. 

“Assigned Agreements” shall mean all agreements and contracts (other than any Deferred Fee Agreements, including,
without limitation, the Agreements listed in Schedule 2.2(D)) to which such Grantor is a party as of December 31, 2007, or to which such Grantor becomes a party after December 31, 2007, as each such agreement may be amended,
supplemented or otherwise modified from time to time in accordance with the terms of the Credit Agreement and the New Credit Agreement. 
 “Borrower” shall have the meaning set forth in the preamble. 

“Cash Proceeds” shall have the meaning assigned in Section 9.7. 

“Collateral” shall have the meaning assigned in Section 2.1. 

“Collateral Records” shall mean books, records, ledger cards, files, correspondence, customer lists, supplier lists,
blueprints, technical specifications, manuals, computer software and related documentation, computer printouts, tapes, disks and other electronic storage media and related data processing software and similar items that at any time evidence or
contain 

  
 2 

 
information relating to any of the Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon. 

“Collateral Support” shall mean all property (real or personal) assigned, hypothecated or otherwise securing any
Collateral and shall include any security agreement or other agreement granting a lien or security interest in such real or personal property. 
 “Control” shall mean: (i) with respect to any Securities Accounts, Security Entitlements, Commodity Contract or Commodity Account, control within the meaning of Section 9-106 of
the UCC, (ii) with respect to any Uncertificated Securities, control within the meaning of Section 8-106(c) of the UCC, (iii) with respect to any Certificated Security, control within the meaning of Section 8-106(a) or
(b) of the UCC, (iv) with respect to any Electronic Chattel Paper, control within the meaning of Section 9-105 of the UCC and (v) with respect to any “transferable record”(as that term is defined in Section 201 of
the Federal Electronic Signatures in Global and National Commerce Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction), control within the meaning of Section 201 of the Federal
Electronic Signatures in Global and National Commerce Act or in Section 16 of the Uniform Electronic Transactions Act as in effect in the jurisdiction relevant to such transferable record. 

“Controlled Foreign Corporation” shall mean “controlled foreign corporation” as defined in the Internal
Revenue Code. 
 “Copyright Licenses” shall mean any and all agreements, licenses and covenants providing for
the granting of any right in or to Copyrights or otherwise providing for a covenant not to sue (whether such Grantor is licensee or licensor thereunder) including, without limitation, each agreement referred to in Schedule 5.2(II) under the
heading “Exclusive Copyright Licenses” (as such schedule may be amended or supplemented from time to time). 

“Copyrights” shall mean all United States and foreign copyrights (including Community designs), including but not
limited to copyrights in software and all copyrights in and to databases, and all Mask Works (as defined under 17 U.S.C. 901 of the U.S. Copyright Act), whether registered or unregistered, moral rights, reversionary interests, termination
rights, and, with respect to any and all of the foregoing: (i) all registrations and applications therefor including, without limitation, the registrations and applications required to be listed in Schedule 5.2(II) under the heading
“Copyrights” (as such schedule may be amended or supplemented from time to time), (ii) all extensions and renewals thereof, (iii) all rights corresponding thereto throughout the world, (iv) all rights to sue for past,
present and future infringements thereof, and (v) all Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages and proceeds of suit. 

“Credit Agreement” shall have the meaning set forth in the recitals. 

“Default” shall mean a “Default” under either the Credit Agreement or the New Credit Agreement, as applicable.

 “Deposit Accounts” shall mean (i) all accounts identified in Schedule 1.1(A) hereto under the
heading “Deposit Accounts” (as such schedule may be amended or supplemented from time to time) and (ii) any “deposit account” (as such term is defined in the UCC) created or

  
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acquired after December 31, 2007 which does not indicate in the name of the account that the account is for the benefit of an entity other than a Grantor. 

“Domestic LPA” shall mean any LPA of any OZ Fund organized under the laws of the United States of America, any State
thereof or the District of Columbia. 
 “Effective Date” shall mean the date hereof. 

“Equity Interests” shall mean any and all shares, interests, participations or other equivalents (however designated) of
capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including partnership interests and membership interests, and any and all warrants, rights or options to purchase or other
arrangements or rights to acquire any of the foregoing. 
 “Event of Default” shall mean an “Event of
Default” under either the Credit Agreement or the New Credit Agreement, as applicable. 
 “Excluded Asset”
shall mean any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder. 

“Grantor” shall have the meaning set forth in the preamble. 

“GSCP” shall have the meaning set forth in the preamble. 

“Incentive Allocation” shall have the meaning given to such term in each LPA in which such term is used. 

“Insurance” shall mean (i) all insurance policies covering any or all of the Collateral (regardless of whether
Administrative Agent is the loss payee thereof) and (ii) any key man life insurance policies. 
 “Intellectual
Property” shall mean, collectively, the Copyrights, the Patents, the Trademarks and the Trade Secrets. 

“Intellectual Property Licenses” shall mean, collectively, the Copyright Licenses, Patent Licenses, Trademark Licenses
and Trade Secret Licenses. 
 “Investment Accounts” shall mean Securities Accounts, Commodities Accounts and
Deposit Accounts. 
 “Investment Management Agreement” shall mean (i) each agreement identified in
Schedule 1.1(B) hereto (as such schedule may be amended or supplemented from time to time) and (ii) any agreement entered into after December 31, 2007 (as the same may be amended, restated, supplemented or otherwise modified) between
Borrower and one or more Persons, which agreement is identified as an “Investment Management Agreement” or “Investment Advisory Agreement” in the title thereof. 

  
 4 

 “Investment Related Property” shall mean: (i) all
“securities” (as such term is defined in Article 9 of the UCC), Security Entitlements, Security Accounts, Commodity Contracts and Commodity Accounts and (ii) all of the following (regardless of whether classified as investment
property under the UCC): all Pledged Equity Interests, Pledged Debt, Investment Accounts and certificates of deposit. 

“Lenders” shall have the meaning set forth in the recitals. 

“LPA” shall mean (i) each agreement identified in Schedule 1.1(C) hereto (as such schedule may be amended or
supplemented from time to time) and (ii) each limited partnership agreement, memorandum and articles of association or other organizational document entered into by a Grantor, as an equity holder or general partner, after December 31, 2007
(as the same may be amended, restated, supplemented or otherwise modified). 
 “Majority Holder” shall have the
meaning set forth in Section 10. 
 “Management Fees” shall have the meaning given to such term in each
LPA in which such term is used. 
 “New Agent” shall have the meaning set forth in the recitals. 

“New Credit Agreement” shall have the meaning set forth in the recitals. 

“New Credit Documents” shall mean the “Credit Documents” as defined in the New Credit Agreement. 

“New Hedge Agreement” shall mean the “Hedge Agreements” as defined in the New Credit Agreement. 

“New Lenders” shall mean the “Lenders” as defined in the New Credit Agreement. 

“New Lender Counterparties” shall mean the “Lender Counterparties” as defined in the New Credit Agreement.

 “New Obligations” shall mean the “Obligations” as defined in the New Credit Agreement. 

“Obligations” shall mean the “Obligations” as defined in the Credit Agreement. 

“Patent Licenses” shall mean all agreements, licenses and covenants providing for the granting of any right in or to
Patents or otherwise providing for a covenant not to sue (whether such Grantor is licensee or licensor thereunder). 

“Patents” shall mean all United States and foreign patents and certificates of invention, or similar industrial property
rights, and applications for any of the foregoing, including, but not limited to: (i) each patent and patent application required to be listed in Schedule 5.2(II) hereto under the heading “Patents” (as such schedule may be
amended or supplemented from time to time), (ii) all reissues, divisions, continuations, continuations-in-part, extensions, renewals, and 

  
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reexaminations thereof, (iii) all rights corresponding thereto throughout the world, (iv) all rights to sue for past, present and future infringements thereof, (v) all claims,
damages, and proceeds of suit arising therefrom, and (vi) all Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit. 

“Pledged Debt” shall mean all indebtedness for borrowed money owed to such Grantor, whether or not evidenced by any
Instrument, including, without limitation, all indebtedness described in Schedule 5.2(I) under the heading “Pledged Debt” (as such schedule may be amended or supplemented from time to time), issued by the obligors named therein, the
instruments, if any, evidencing any of the foregoing, and all interest, cash, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing.

 “Pledged Equity Interests” shall mean all Pledged Stock, Pledged LLC Interests, Pledged Partnership
Interests and any other participation or interests in any equity or profits of any business entity including, without limitation, any trust. 
 “Pledged LLC Interests” shall mean all interests in any limited liability company and each series thereof including, without limitation, all limited liability company interests listed in
Schedule 5.2(I) under the heading “Pledged LLC Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such limited liability company interests and any interest of such
Grantor on the books and records of such limited liability company or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and
other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such limited liability company interests. 

“Pledged Partnership Interests” shall mean all interests in any general partnership, limited partnership, limited
liability partnership or other partnership including, without limitation, all partnership interests listed in Schedule 5.2(I) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time
to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and
all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership
interests. 
 “Pledged Stock” shall mean all shares of capital stock owned by such Grantor, including, without
limitation, all shares of capital stock described in Schedule 5.2(I) under the heading “Pledged Stock” (as such schedule may be amended or supplemented from time to time), and the certificates, if any, representing such shares and any
interest of such Grantor in the entries on the books of the issuer of such shares or on the books of any securities intermediary pertaining to such shares, and all dividends, distributions, cash, warrants, rights, options, instruments, securities
and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such shares. 

  
 6 

 “Pledge Supplement” shall mean any supplement to this agreement
substantially in the form of Exhibit A hereto. 
 “Receivables” shall mean all rights to payment, whether
or not earned by performance, for goods or other property sold, leased, licensed, assigned or otherwise disposed of, or services rendered or to be rendered, including, without limitation all such rights constituting or evidenced by any Account,
Chattel Paper, Instrument, General Intangible or Investment Related Property, including, without limitation, all such rights, if any, to payment under the Domestic LPAs and all rights to Management Fees and Incentive Allocations, together with all
rights, if any, in any goods or other property giving rise to such right to payment and all Collateral Support and Supporting Obligations related thereto and all Receivables Records. Notwithstanding the foregoing, “Receivables” shall not
include rights to payments of Deferred Amounts that have been deferred pursuant to the Deferred Fee Agreements. 

“Receivables Records” shall mean (i) all original copies of all documents, instruments or other writings or
electronic records or other Records evidencing the Receivables, (ii) all books, correspondence, credit or other files, Records, ledger sheets or cards, invoices, and other papers relating to Receivables, including, without limitation, all
tapes, cards, computer tapes, computer discs, computer runs, record keeping systems and other papers and documents relating to the Receivables, whether in the possession or under the control of such Grantor or any computer bureau or agent from time
to time acting for such Grantor or otherwise, (iii) all evidences of the filing of financing statements and the registration of other instruments in connection therewith, and amendments, supplements or other modifications thereto, notices to
other creditors, secured parties or agents thereof, and certificates, acknowledgments, or other writings, including, without limitation, lien search reports, from filing or other registration officers, (iv) all credit information, reports and
memoranda relating thereto and (v) all other written or non-written forms of information related in any way to the foregoing or any Receivable. 
 “Required Secured Parties” shall mean Secured Parties holding greater than 50% of the aggregate principal amount of loans outstanding under the Credit Agreement and the New Credit
Agreement, collectively. 
 “Secured Obligations” shall have the meaning assigned in Section 3.1.

 “Secured Parties” shall mean the Agents, the Lenders, the Lender Counterparties, the New Agent, the New
Lenders and New Lender Counterparties and, shall include, without limitation, Persons that were formerly an Agent, Lender, Lender Counterparty, New Agent, New Lender or New Lender Counterparty to the extent that any Obligations or New Obligations
owing to such Persons were incurred while such Person was an Agent, Lender, Lender Counterparty, New Agent, New Lender or New Lender Counterparty and such Obligations or New Obligations, as the case may be, have not been paid or satisfied in full.

 “Securities” shall mean any stock, shares, partnership interests, voting trust certificates, certificates of
interest or participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or in general any instruments
commonly known as “securities” or any certificates of interest, shares or participations in temporary or interim 

  
 7 

 
certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing. 
 “Securities Accounts” shall mean (i) all accounts identified on Schedule 1.1(A) hereto under the heading “Securities Accounts” (as such schedule may be amended or
supplemented from time to time) and (ii) any “securities account” (as such term is defined in the UCC) created or acquired after December 31, 2007 which does not indicate in the name of the account that the account is for the
benefit of an entity other than a Grantor. 
 “Trademark Licenses” shall mean any and all agreements, licenses
and covenants providing for the granting of any right in or to Trademarks or otherwise providing for a covenant not to sue or governing co-existence (whether such Grantor is licensee or licensor thereunder). 

“Trademarks” shall mean all United States and foreign trademarks, trade names, corporate names, company names, business
names, fictitious business names, Internet domain names, service marks, certification marks, collective marks, logos, other source or business identifiers and general intangibles of a like nature, all registrations and applications for any of the
foregoing including, but not limited to: (i) the registrations and applications referred to in Schedule 5.2(II) under the heading “Trademarks”(as such schedule may be amended or supplemented from time to time), (ii) all
renewals of any of the foregoing, (iii) all of the goodwill of the business connected with the use of and symbolized by the foregoing, (iv) the right to sue for past, present and future infringement or dilution of any of the foregoing or
for any injury to goodwill, and (v) all Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit. 

“Trade Secret Licenses” shall mean any and all agreements providing for the granting of any right in or to Trade Secrets
(whether such Grantor is licensee or licensor thereunder). 
 “Trade Secrets” shall mean all trade secrets and
all other confidential and proprietary information and know-how whether or not such Trade Secret has been reduced to a writing or other tangible form, including but not limited to: (i) the right to sue for past, present and future
misappropriation or other violation of any Trade Secret, and (ii) all Proceeds of the foregoing, including, without limitation, license fees, royalties, income, payments, claims, damages, and proceeds of suit. 

“UCC” shall mean the Uniform Commercial Code as in effect from time to time in the State of New York;
provided, however, that in the event that, by reason of mandatory provisions of law, any or all of the perfection or priority of, or remedies with respect to, any Collateral is governed by the Uniform Commercial Code as enacted
and in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the provisions hereof relating to such
perfection, priority or remedies. 
 “United States” shall mean the United States of America. 

11.2. Definitions; Interpretation. 

  
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 (a) In this Agreement, the following capitalized terms shall have the meaning given to them
in the UCC (and, if defined in more than one Article of the UCC, shall have the meaning given in Article 9 thereof): Account, Account Debtor, Bank, Certificated Security, Chattel Paper, Commodity Account, Commodity Contract, Document,
Entitlement Order, Equipment, Electronic Chattel Paper, General Intangibles, Goods, Instrument, Inventory, Letter-of-Credit Rights, Money, Proceeds, Record, Securities Intermediary, Security Certificate, Security Entitlement, Supporting Obligations,
Tangible Chattel Paper and Uncertificated Security. 
 (b) All other capitalized terms used herein (including the preamble and
recitals hereto) and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement and/or the New Credit Agreement, as the context may require. The incorporation by reference of terms defined in the Credit Agreement
or the New Credit Agreement, as applicable, shall survive any termination of the Credit Agreement or the New Credit Agreement until this Agreement is terminated as provided in Section 11 hereof. Any of the terms defined herein may, unless the
context otherwise requires, be used in the singular or the plural, depending on the reference. References herein to any Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the case may be, hereof
unless otherwise specifically provided. The use herein of the word “include” or “including”, when following any general statement, term or matter, shall not be construed to limit such statement, term or matter to the specific
items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as “without limitation” or “but not limited to” or words of similar import) is used with
reference thereto, but rather shall be deemed to refer to all other items or matters that fall within the broadest possible scope of such general statement, term or matter. The terms lease and license shall include sub-lease and sub-license, as
applicable. If any conflict or inconsistency exists between this Agreement, on the one hand, and the Credit Agreement or the New Credit Agreement, on the other hand, this Agreement shall govern. All references herein to provisions of the UCC shall
include all successor provisions under any subsequent version or amendment to any Article of the UCC. 
 SECTION 12. GRANT OF SECURITY.

 12.1. Grant of Security. Each Grantor hereby (i) confirms and reaffirms the grant to the Administrative Agent,
pursuant to the Original Pledge and Security Agreement of a security interest in and continuing lien on all of such Grantor’s right, title and interest in, to and under all personal property of such Grantor including, but not limited to the
following personal property, in each case whether now owned or existing or hereafter acquired or arising and wherever located (all of the foregoing being collectively referred to as the “Collateral”) and (ii) grants to
Administrative Agent pursuant to this Agreement a security interest in and continuing lien on all of such Grantor’s right, title and interest in the Collateral, including but not limited to the following personal property: 

(a) Accounts; 

(b) Assigned Agreements; 

  
 9 

 (c) Chattel Paper; 
 (d) Documents; 
 (e) General Intangibles; 

(f) Goods (including, without limitation, Inventory and Equipment); 

(g) Instruments; 
 (h) Insurance; 
 (i) Intellectual Property and Intellectual Property Licenses;

 (j) Investment Related Property (including, without limitation, Deposit Accounts); 

(k) Money; 

(l) Receivables and Receivable Records; 
 (m) all other personal property of any kind and all Collateral Records, Collateral Support and Supporting Obligations relating to any of the foregoing; and 

(n) all Proceeds, products, accessions, rents and profits of or in respect of any of the foregoing. 

12.2. Certain Limited Exclusions. Notwithstanding anything herein to the contrary, in no event shall the Collateral include or the
security interest granted under Section 2.1 hereof attach to: 
 (a) any lease, license, contract or agreement to which any
Grantor is a party, and any of its rights or interest thereunder, if and to the extent that a security interest is prohibited by or in violation of (i) any law, rule or regulation applicable to such Grantor, or (ii) a term, provision or
condition of any such lease, license, contract, property right or agreement (unless such law, rule, regulation, term, provision or condition would be rendered ineffective with respect to the creation of the security interest hereunder pursuant to
Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law (including the Bankruptcy Code) or principles of equity); provided, however,
that the Collateral shall include (and such security interest shall attach) immediately at such time as the contractual or legal prohibition shall no longer be applicable and to the extent severable, shall attach immediately to any portion of such
lease, license, contract or agreement not subject to the prohibitions specified in (i) or (ii) above; provided, further, that the exclusions referred to in clause (a) of this Section 2.2 shall not include any
Proceeds of any such lease, license, contract or agreement; 

  
 10 

 (b) any of the outstanding capital stock of a Controlled Foreign Corporation in excess
of 65% of the voting power of all classes of capital stock of such Controlled Foreign Corporation entitled to vote; 
 (c)
any of the outstanding capital stock of a material Foreign Subsidiary in excess of 65% of the voting power of all classes of capital stock of such material Foreign Subsidiary entitled to vote; 

(d) any of the outstanding Equity Interests of (i) any Private Equity Fund, Hedge Fund or other public or private fund created prior
to December 31, 2007 and managed, directly or indirectly, by any Grantor or any Grantor’s Subsidiaries, Affiliates or investment advisors, including, without limitation, each of the issuers listed in Schedule 2.2(C) and any
Subsidiaries of such entities, (ii) any Private Equity Fund, Hedge Fund or other public or private fund created after December 31, 2007 and managed, directly or indirectly, by any Grantor or any Grantor’s Subsidiaries, Affiliates or
investment advisors, and any Subsidiaries of such Private Equity Funds, Hedge Funds or other public or private funds, (iii) any Joint Ventures and non-wholly owned Subsidiaries of any Grantor which cannot be pledged without the consent of one
or more third parties and any Subsidiaries of such Joint Ventures or non-wholly owned Subsidiaries; (iv) any Subsidiary (other than a material Foreign Subsidiary) that is not a Domestic Subsidiary of any Grantor created or acquired after
December 31, 2007; and (v) any New Aviation Subsidiary; 
 (e) any right, title and interest in and to the LPAs (other
than (x) all of Borrower’s rights, if any, to payment under the Domestic LPAs and (y) all rights of any Grantor to Management Fees and Incentive Allocations); 
 (f) all rights to payments with respect to any Deferred Amounts; 
 (g) any
applications for trademarks and service marks filed in the U.S. Patent and Trademark Office pursuant to 15 U.S.C. § 1051 Section 1(b), to the extent that the grant of a security interest therein would impair the validity or
enforceability of such application or any registration that issues from such intent-to-use trademark or service mark application, unless and until evidence of use of the mark in interstate commerce is submitted to the U.S. Patent and Trademark
Office pursuant to 15 U.S.C. § 1051 Section l(c) or l(d), at which point the Collateral shall include, and the security interest granted hereunder shall attach to, such application; 

(h) motor vehicles and other goods subject to a certificate of title statute in any jurisdiction; 

(i) Letter-of-Credit Rights; and 
 (j) Commercial Tort Claims. 
 SECTION 13. SECURITY FOR OBLIGATIONS; GRANTORS REMAIN LIABLE.

 13.1. Security for Obligations. This Agreement secures, and the Collateral is collateral security for, the prompt
and complete payment or performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or 

  
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otherwise (including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. §362(a) (and any
successor provision thereof)), of all Obligations and New Obligations with respect to every Grantor (collectively, the “Secured Obligations”). 
 13.2. Continuing Liability Under Collateral. Notwithstanding anything herein to the contrary, (i) each Grantor shall remain liable for all obligations under the Collateral and nothing
contained herein is intended or shall be a delegation of duties to Administrative Agent or any Secured Party, (ii) each Grantor shall remain liable under each of the agreements included in the Collateral, including, without limitation, any
agreements relating to Pledged Partnership Interests that constitute Collateral or Pledged LLC Interests that constitute Collateral, to perform all of the obligations undertaken by it thereunder all in accordance with and pursuant to the terms and
provisions thereof and neither Administrative Agent nor any Secured Party shall have any obligation or liability under any of such agreements by reason of or arising out of this Agreement or any other document related thereto nor shall
Administrative Agent nor any Secured Party have any obligation to make any inquiry as to the nature or sufficiency of any payment received by it or have any obligation to take any action to collect or enforce any rights under any agreement included
in the Collateral, including, without limitation, any agreements relating to Pledged Partnership Interests that constitute Collateral or Pledged LLC Interests that constitute Collateral, and (iii) the exercise by Administrative Agent of any of
its rights hereunder shall not release any Grantor from any of its duties or obligations under the contracts and agreements included in the Collateral. 
 SECTION 14. CERTAIN PERFECTION REQUIREMENTS 
 14.1. Delivery
Requirements. 
 (a) With respect to any Certificated Securities included in the Collateral, each Grantor shall deliver to
Administrative Agent the Security Certificates evidencing such Certificated Securities duly indorsed by an effective indorsement (within the meaning of Section 8-107 of the UCC), or accompanied by share transfer powers or other instruments of
transfer duly endorsed by such an effective endorsement, in each case, to Administrative Agent or in blank. In addition, each Grantor shall cause any certificates evidencing any Pledged Equity Interests that constitute Collateral, including, without
limitation, any Pledged Partnership Interests that constitute Collateral or Pledged LLC Interests that constitute Collateral, to be similarly delivered to Administrative Agent regardless of whether such Pledged Equity Interests constitute
Certificated Securities. 
 (b) With respect to any Instruments or Tangible Chattel Paper included in the Collateral in excess
of $1,000,000 individually or $2,500,000 in the aggregate, each Grantor shall deliver to Administrative Agent all such Instruments or Tangible Chattel Paper to Administrative Agent duly indorsed in blank. 

14.2. Control Requirements. 
 (a) With respect to any Securities Accounts, Security Entitlements, Commodity Accounts and Commodity Contracts included in the Collateral, each Grantor shall

  
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ensure that Administrative Agent has Control thereof. With respect to any Securities Accounts or Securities Entitlements, such Control shall be accomplished by the Grantor causing the Securities
Intermediary maintaining such Securities Account or Security Entitlement to enter into an agreement substantially in the form of Exhibit C hereto (or such other agreement in form and substance reasonably satisfactory to Administrative Agent)
pursuant to which the Securities Intermediary shall agree to comply with Administrative Agent’s Entitlement Orders without further consent by such Grantor; provided, however, that Administrative Agent agrees not to issue any
Entitlement Orders with respect to any Securities Account or Security Entitlement until the occurrence and during the continuance of an Event of Default. No control agreements in respect of any Deposit Accounts shall be required to be entered into
or delivered to the Administrative Agent. 
 (b) With respect to any Uncertificated Security included in the Collateral (other
than any Uncertificated Securities credited to a Securities Account and any money market mutual funds), each Grantor shall cause the issuer of such Uncertificated Security to either (i) register Administrative Agent as the registered owner
thereof on the books and records of the issuer or (ii) execute an agreement substantially in the form of Exhibit B hereto (or such other agreement in form and substance reasonably satisfactory to Administrative Agent), pursuant to which
such issuer agrees to comply with Administrative Agent’s instructions with respect to such Uncertificated Security without further consent by such Grantor. 
 14.3. Intellectual Property Recording Requirements. 
 (a) In the case of
any Collateral consisting of U.S. issuances of or applications for Patents, such Grantor shall execute and deliver to Administrative Agent a Patent Security Agreement in substantially the form of Exhibit F hereto (or a supplement thereto)
covering all such Patents in appropriate form for recordation with the U.S. Patent and Trademark Office with respect to the security interest of Administrative Agent. 
 (b) In the case of any Collateral consisting of U.S. registrations or applications for registration of Trademarks in respect of U.S. Trademarks (excluding Internet domain names), such Grantor
shall execute and deliver to Administrative Agent a Trademark Security Agreement in substantially the form of Exhibit D hereto (or a supplement thereto) covering all such Trademarks in appropriate form for recordation with the U.S. Patent
and Trademark Office with respect to the security interest of Administrative Agent. 
 (c) In the case of any Collateral
consisting of registered U.S. Copyrights and exclusive Copyright Licenses in respect of U.S. Copyrights for which any Grantor is the licensee, such Grantor shall execute and deliver to Administrative Agent a Copyright Security Agreement in
substantially the form of Exhibit E hereto (or a supplement thereto) covering all such Copyrights and exclusive Copyright Licenses in appropriate form for recordation with the U.S. Copyright Office with respect to the security interest of
Administrative Agent. 
 14.4. Other Actions. If any material Foreign Subsidiary is an issuer of any Pledged Equity that
constitutes Collateral, each Grantor shall take such additional reasonable actions, including, without limitation, causing such Foreign Subsidiary to register the pledge on its books and records or making such filings or recordings, in each case as
may be necessary, under the 

  
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laws of such Foreign Subsidiary’s jurisdiction to insure the validity, perfection and priority of the security interest of Administrative Agent. 

14.5. Timing and Notice. With respect to any Collateral in existence on the Effective Date, each Grantor shall comply with the
requirements of Section 4 on the date hereof and with respect to any Collateral hereafter owned or acquired each Grantor shall comply with such requirements within thirty days after the end of the calendar quarter in which such Grantor acquired
rights therein (or such longer period as may be agreed to by the Administrative Agent in its sole discretion). Each Grantor shall promptly inform Administrative Agent of its acquisition of any Collateral for which any action is required by
Section 4 hereof. 
 14.6. Certain Actions to be taken in connection with Effectiveness of this Agreement. With
respect to any documents or agreements delivered or actions taken under the Original Pledge and Security Agreement in satisfaction of the requirements of Sections 4.2, 4.3, 4.4 thereof prior to the Effective Date, each Grantor shall enter into
amendments to such documents and take such other actions as Administrative Agent may reasonably request in order to ensure that such documents and actions are effected with respect to this Agreement. 

SECTION 15. REPRESENTATIONS AND WARRANTIES. 
 Each Grantor hereby represents and warrants, on the Effective Date and on each Credit Date (including, for avoidance of doubt, on each Credit Date under the New Credit Agreement), that: 

15.1. Grantor Information & Status. 
 (a) Schedules 5.1(A) and (B) (as such schedules may be amended or supplemented from time to time) set forth under the appropriate headings: (1) the full legal name of such Grantor,
(2) all trade names or other names under which such Grantor currently conducts business, (3) the type of organization of such Grantor, (4) the jurisdiction of organization of such Grantor, (5) its organizational identification
number, if any, and (6) the jurisdiction where the chief executive office or its sole place of business (or the principal residence if such Grantor is a natural person) is located; 

(b) except as provided in Schedule 5.1(C), it has not changed its name, jurisdiction of organization, chief executive office or sole
place of business (or principal residence if such Grantor is a natural person) or its corporate structure in any way (e.g., by merger, consolidation, change in corporate form or otherwise) and has not done business under any other name, in each
case, within the past five (5) years; 
 (c) it has not within the last five (5) years become bound (whether as a
result of merger or otherwise) as debtor under a security agreement entered into by another Person, which has not heretofore been terminated; and 
 (d) such Grantor has been duly organized and is validly existing as an entity of the type as set forth opposite such Grantor’s name in Schedule 5.1(A) solely under the laws of the jurisdiction
as set forth opposite such Grantor’s name in Schedule 5.1(A). Such Grantor has 

  
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not filed any certificates of dissolution or liquidation, any certificates of domestication, transfer or continuance in any other jurisdiction. 

15.2. Collateral Identification, Special Collateral. 
 (a) Schedule 5.2 (as such schedule may be amended or supplemented from time to time) sets forth under the appropriate headings all of such Grantor’s: (1) Pledged Equity Interests that
constitute Collateral, (2) Pledged Debt, (3) Securities Accounts, (4) Deposit Accounts that constitute Collateral, (5) Commodity Contracts and Commodity Accounts, (6) all United States and foreign registrations of and
applications for Patents, Trademarks (excluding Internet domain name registrations), and Copyrights owned by each Grantor, (7) exclusive Copyright Licenses for which such Grantor is the licensee of a Copyright included in the Collateral and
(8) the name and address of any warehouseman, bailee or other third party in possession of any Inventory, Equipment and other tangible personal property having an aggregate fair market value of $10,000 or more. Each Grantor shall supplement
such schedules as necessary to ensure that such schedules are accurate on each Credit Date (including, for avoidance of doubt, a Credit Date under the New Credit Agreement); and 

(b) all information supplied by any Grantor with respect to any of the Collateral (in each case taken as a whole with respect to any
particular Collateral) is accurate and complete in all material respects. 
 15.3. Ownership of Collateral and Absence of
Other Liens. 
 (a) it owns the Collateral purported to be owned by it or otherwise has the rights it purports to have in
each item of Collateral, in each case free and clear of any and all Liens of all other Persons, including, without limitation, liens arising as a result of such Grantor becoming bound (as a result of merger or otherwise) as debtor under a security
agreement entered into by another Person other than any Permitted Liens; and 
 (b) other than any financing statements filed in
favor of Administrative Agent, no effective financing statement, fixture filing or other instrument similar in effect under any applicable law covering all or any part of the Collateral is on file in any filing or recording office except for
(x) financing statements for which duly authorized proper termination statements have been delivered to Administrative Agent for filing and (y) financing statements filed in connection with Permitted Liens. Other than Administrative Agent
and any automatic control in favor of a Bank, Securities Intermediary or Commodity Intermediary maintaining a Deposit Account, Securities Account or Commodity Contract, no Person is in Control of any Collateral. 

15.4. Status of Security Interest. 
 (a) upon the filing of financing statements naming each Grantor as “debtor” and Administrative Agent as “secured party” and describing the Collateral in the filing offices set forth
opposite such Grantor’s name in Schedule 5.4 hereof (as such schedule may be amended or supplemented from time to time), the security interest of Administrative Agent in all Collateral that can be perfected by the filing of a financing
statement under the Uniform Commercial Code as in effect in any jurisdiction will constitute valid, perfected, first priority Liens subject to any Permitted Liens with respect to Collateral. Each agreement purporting to give Administrative

  
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Agent Control over any Collateral is effective to establish Administrative Agent’s Control of the Collateral subject thereto; 

(b) to the extent perfection or priority of the security interest in Patents, Trademarks, Copyrights and exclusive Copyright Licenses are
not subject to Article 9 of the UCC, upon recordation of the security interests granted hereunder in issued, registered and applied-for Patents, Trademarks (excluding Internet domain names), Copyrights and exclusive Copyright Licenses in the
applicable intellectual property registries, including but not limited to the United States Patent and Trademark Office and the United States Copyright Office, the security interests granted to Administrative Agent hereunder shall constitute valid,
perfected, first priority Liens (subject to Permitted Liens). For the avoidance of doubt, notwithstanding anything to the contrary herein, no Grantor shall be required to perfect the security interests created hereby in the issued, registered or
applied-for Patents, Trademarks, Copyrights or exclusive Copyright Licenses by making any filings or taking any other actions in any jurisdiction outside the U.S.; 
 (c) no authorization, consent, approval or other action by, and no notice to or filing with, any Governmental Authority or regulatory body or any other Person is required for either (i) the pledge or
grant by any Grantor of the Liens purported to be created in favor of Administrative Agent hereunder or (ii) the exercise by Administrative Agent of any rights or remedies in respect of any Collateral (whether specifically granted or created
hereunder or created or provided for by applicable law), except (A) for the filings contemplated by clauses (a) and (b) above and (B) as may be required, in connection with the disposition of any Investment Related Property that
constitutes Collateral, by laws generally affecting the offering and sale of Securities; and 
 (d) each Grantor is in
compliance with its obligations under Section 4 hereof. 
 15.5. Goods and Receivables. 

(a) To the knowledge of such Grantor, each Receivable owing by any single Account Debtor of Receivables in excess of $10,000,000
(a) is and will be the legal, valid and binding obligation of the Account Debtor in respect thereof, representing an unsatisfied obligation of such Account Debtor, (b) is and will be enforceable in accordance with its terms, (c) is
not and will not be subject to any credits, rights of recoupment, setoffs, defenses, taxes, counterclaims (except with respect to any of the foregoing in the ordinary course of business) and (d) is and will be in compliance with all applicable
laws, whether federal, state, local or foreign; 
 (b) none of the Account Debtors in respect of any Receivable is the
government of the United States, any agency or instrumentality thereof, any state or municipality or any foreign sovereign. To the knowledge of such Grantor, no Receivable requires the consent of the Account Debtor in respect thereof in connection
with the security interest hereunder, except any consent which has been obtained; and 

  
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 (c) any Goods now or hereafter produced by such Grantor included in the Collateral have been
and will be produced in compliance with the requirements of the Fair Labor Standards Act, as amended, and the rules and regulations promulgated thereunder. 
 15.6. Pledged Equity Interests, Investment Related Property. 
 (a)
it is the record and beneficial owner of the Pledged Equity Interests that constitute Collateral free of all Liens and there are no outstanding warrants, options or other rights to purchase, or shareholder, voting trust or similar agreements
outstanding with respect to, or property that is convertible into, or that requires the issuance or sale of, any Pledged Equity Interests that constitute Collateral; 
 (b) no consent of any Person including any other general or limited partner, any other member of a limited liability company, any other shareholder or any other trust beneficiary is necessary in
connection with the creation, perfection or first priority status of the security interest of Administrative Agent in any Pledged Equity Interests that constitute Collateral or the exercise by Administrative Agent of the voting or other rights
provided for in this Agreement or the exercise of remedies in respect thereof except such as have been obtained; and 
 (c) none
of the Pledged LLC Interests of any OZ Subsidiary that constitute Collateral or Pledged Partnership Interests of any OZ Subsidiary that constitute Collateral (i) are dealt in or traded on securities exchanges or in securities markets,
(ii) are “investment company securities” (as defined in Section 8-103(b) of the Uniform Commercial Code as in effect in each applicable jurisdiction), or (iii) provide, in the related operating agreement, limited
liability company agreement, partnership agreement, certificates (if any) representing such Pledged LLC Interests or Pledged Partnership Interests or otherwise, that they are securities governed by the Uniform Commercial Code of any
jurisdiction. 
 15.7. Intellectual Property. 

(a) it is the sole and exclusive owner of the entire right, title, and interest in and to all Intellectual Property listed in
Schedule 5.2 (as such schedule may be amended or supplemented from time to time), and owns or has the valid right to use and, where Grantor does so, sublicense others to use, all other Intellectual Property material to the business of such
Grantor used in or necessary to conduct its business, free and clear of all Liens, except for Permitted Liens and the licenses set forth in Schedule 5.2 (as such schedule may be amended or supplemented from time to time); 

(b) all Intellectual Property required to be listed in Schedule 5.2 is subsisting and has not been adjudged invalid or
unenforceable, in whole or in part, nor are any of the Patents listed in Schedule 5.2 the subject of a reexamination proceeding, and, where commercially reasonable, each Grantor has performed all acts and has paid all renewal, maintenance, and
other fees and taxes required to maintain each registration and application of Copyrights, Patents and Trademarks required to be listed in Schedule 5.2 in full force and effect; 

(c) no holding, decision, ruling, or judgment has been rendered in any action or proceeding before any court or administrative authority
challenging the validity or scope of, 

  
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such Grantor’s right to register, or such Grantor’s rights to own or use, any Intellectual Property material to the business of such Grantor owned by such Grantor and no such action or
proceeding is pending or, to the best of such Grantor’s knowledge, threatened; 
 (d) all registrations and applications
for Copyright registrations, Patents and Trademark registrations required to be listed in Schedule 5.2 are standing in the name of a Grantor, and all exclusive Copyright Licenses for which any Grantor is the licensee of a Copyright have been
properly recorded in the U.S. Copyright Office; 
 (e) each Grantor has been using appropriate statutory notice of
registration in connection with its use of registered Trademarks owned by such Grantor, proper marking practices in connection with the use of issued Patents owned by such Grantor, and appropriate notice of copyright in connection with the
publication of registered Copyrights owned by such Grantor, in each case, consistent with industry standards; and 
 (f) to the
knowledge of such Grantor, the conduct of such Grantor’s business does not materially infringe upon or misappropriate or otherwise violate any trademark, patent, copyright, trade secret or other intellectual property right of any other Person;
no unresolved claim has been made against such Grantor that the use of any Intellectual Property owned or used by such Grantor (or used by any of its licensees of such Intellectual Property) that is material to the business of such Grantor infringes
upon, misappropriates or otherwise violates the asserted rights of any other Person, and no demand that Grantor enter into a license or co-existence agreement has been made in writing to such Grantor but not resolved. 

SECTION 16. COVENANTS AND AGREEMENTS. 
 Each Grantor hereby covenants and agrees that: 
 16.1. Grantor Information and
Status. Without limiting any prohibitions or restrictions on mergers or other transactions set forth in the Credit Agreement or the New Credit Agreement, such Grantor shall notify Administrative Agent in writing at least twenty (20) days
prior to any change in such Grantor’s legal name, identity, corporate structure (e.g. by merger, consolidation, change in corporate form or otherwise), sole place of business (or principal residence if such Grantor is a natural person), chief
executive office, type of organization or jurisdiction of organization and take all actions necessary to maintain the continuous validity, perfection and the same or better priority of Administrative Agent’s security interest in the Collateral
granted or intended to be granted and agreed to hereby, which in the case of any merger or other change in corporate structure shall include, without limitation, executing and delivering to Administrative Agent a completed Pledge Supplement,
substantially in the form of Exhibit A attached hereto, upon completion of such merger or other change in corporate structure confirming the grant of the security interest hereunder. 

16.2. Securities Accounts. 
 (a) Upon the withdrawal by any Grantor of any amounts constituting Incentive Allocations under any LPA, such Grantor shall immediately deposit such amounts into a Securities Account; 

  
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 (b) upon the receipt by any Grantor of any amounts constituting Management Fees, such
Grantor shall immediately deposit such amounts into a Securities Account; and 
 (c) upon the receipt by any Grantor of any
amounts pursuant to (i) Section 7(a)(i) or Section 7(a)(ii)(B) of any Investment Management Agreement identified in Schedule 1.1(B) hereto (as such schedule may be amended or supplemented from time to time) or (ii) any
comparable provision contained in any Investment Management Agreement entered into after December 31, 2007, such Grantor shall immediately deposit such amounts into a Securities Account; 
 provided that each such Securities Account referred to in clauses (a), (b) and (c) shall be subject to the covenant set forth in Section 4.2(a). 

16.3. Ownership of Collateral and Absence of Other Liens. 

(a) Except for the security interest created by this Agreement, it shall not create or suffer to exist any Lien upon or with respect to
any of the Collateral, other than Permitted Liens, and such Grantor shall take all commercially reasonable actions to defend the Collateral against all Persons at any time claiming any interest therein; 

(b) upon such Grantor or any officer of such Grantor obtaining knowledge thereof, it shall promptly notify Administrative Agent in
writing of any event that has had a Material Adverse Effect on the value of the Collateral or any portion thereof, the ability of any Grantor or Administrative Agent to dispose of the Collateral or any portion thereof, or the rights and remedies of
Administrative Agent in relation thereto, including, without limitation, the levy of any legal process against the Collateral or any portion thereof; and 
 (c) it shall not sell, transfer or assign (by operation of law or otherwise) or exclusively license to another Person any Collateral except as otherwise permitted by the Credit Agreement and the New
Credit Agreement. 
 16.4. Status of Security Interest. 

(a) Subject to the limitations set forth in subsection (b) of this Section 6.4, such Grantor shall maintain the security
interest of Administrative Agent hereunder in all Collateral owned by such Grantor as valid, perfected, first priority Liens (subject to Permitted Liens). 
 (b) Notwithstanding the foregoing, no Grantor shall be required to take any action to perfect any Collateral that can only be perfected by (i) Control, (ii) federal or foreign filings with
respect to Intellectual Property or (iii) filings with registrars of motor vehicles or similar governmental authorities with respect to goods covered by a certificate of title, in each case except as and to the extent specified in
Section 4 hereof. 
 16.5. Goods and Receivables. 

  
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 (a) It shall not deliver any Document evidencing any Equipment or Inventory to any Person
other than the issuer of such Document to claim the Goods evidenced therefor or Administrative Agent; 
 (b) if any Equipment or
Inventory having an aggregate fair market value of $10,000 or more owned by such Grantor is in possession or control of any warehouseman, bailee or other third party, such Grantor shall join with Administrative Agent in using reasonable efforts to
notify the third party of Administrative Agent’s security interest and obtain an acknowledgment from the third party that it is holding such Equipment and Inventory for the benefit of Administrative Agent and will permit Administrative Agent to
have access to Equipment or Inventory for purposes of inspecting such Collateral or, following an Event of Default, to remove same from such premises if Administrative Agent so elects; 

(c) it shall keep and maintain at its own cost and expense commercially reasonable records of the Receivables, including, but not limited
to, the originals of all documentation with respect to all Receivables and records of all payments received and all credits granted on the Receivables and all merchandise returned, in each case, except as would not reasonably be expected to have a
Material Adverse Effect; 
 (d) other than in the ordinary course of business (i) it shall not amend, modify or terminate
any provision of any Receivable in any manner which would reasonably be expected to have a Material Adverse Effect on the value of such Receivable; and (ii) following and during the continuation of an Event of Default, such Grantor shall not
(w) grant any extension or renewal of the time of payment of any Receivable, (x) compromise or settle any dispute, claim or legal proceeding with respect to any Receivable for less than the total unpaid balance thereof, (y) release,
wholly or partially, any Person liable for the payment thereof, or (z) allow any credit or discount thereon; and 
 (e)
Administrative Agent shall have the right at any time to notify, or require any Grantor to notify, any Account Debtor of Administrative Agent’s security interest in the Receivables and any Supporting Obligation and, in addition, at any time
following the occurrence and during the continuation of an Event of Default, Administrative Agent may: (1) direct the Account Debtors under any Receivables to make payment of all amounts due or to become due to such Grantor thereunder directly
to Administrative Agent; (2) notify, or require any Grantor to notify, each Person maintaining a lockbox or similar arrangement to which Account Debtors under any Receivables have been directed to make payment to remit all amounts representing
collections on checks and other payment items from time to tune sent to or deposited in such lockbox or other arrangement directly to Administrative Agent; and (3) enforce, at the reasonable expense of such Grantor, collection of any such
Receivables and to adjust, settle or compromise the amount or payment thereof, in the same commercially reasonable manner and to the same extent as such Grantor might have done. If Administrative Agent notifies any Grantor that it has elected to
collect the Receivables in accordance with the preceding sentence, any payments of Receivables received by such Grantor shall be forthwith (and in any event within five (5) Business Days) deposited by such Grantor in the exact form received,
duly indorsed by such Grantor to Administrative Agent if required, in a Deposit Account specified by Administrative Agent from time to time or a Securities Account maintained in accordance with Section 6.2, and until so turned over, all amounts
and proceeds 

  
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(including checks and other instruments) received by such Grantor in respect of the Receivables, any Supporting Obligation or Collateral Support shall be held in trust for the benefit of
Administrative Agent hereunder and shall be segregated from other funds of such Grantor and such Grantor shall not adjust, settle or compromise the amount or payment of any Receivable, or release wholly or partly any Account Debtor or obligor
thereof, or allow any credit or discount thereon. 
 16.6. Pledged Equity Interests, Investment Related Property.

 (a) Except as provided in the next sentence, in the event such Grantor receives any dividends, interest or distributions on
any Pledged Equity Interest that constitutes Collateral or other Investment Related Property that constitutes Collateral upon the merger, consolidation, liquidation or dissolution of any issuer of any Pledged Equity Interest that constitutes
Collateral or Investment Related Property that constitutes Collateral, then (a) such dividends, interest, distributions, Securities or other property shall be included in the definition of Collateral without further action and (b) such
Grantor shall immediately take all steps, if any, necessary to ensure the validity, perfection, priority and, if applicable, Control of Administrative Agent over such Investment Related Property (including, without limitation, delivery thereof to
Administrative Agent) and pending any such action such Grantor shall be deemed to hold such dividends, interest, distributions, securities or other property in trust for the benefit of Administrative Agent and shall segregate such dividends,
distributions, Securities or other property from all other property of such Grantor. Notwithstanding the foregoing, so long as no Event of Default shall have occurred and be continuing, Administrative Agent authorizes each Grantor to retain
(x) all ordinary cash dividends and distributions paid in the normal course of the business of the issuer and consistent with the past practice of the issuer and (y) all scheduled payments of interest. 

(b) Voting. 
 (i) So long as no Event of Default shall have occurred and be continuing: 
  

	 	(A)	except as otherwise provided under the covenants and agreements relating to Investment Related Property in this Agreement or elsewhere herein or in the Credit Agreement
or New Credit Agreement, each Grantor shall be entitled to exercise or refrain from exercising any and all voting and other consensual rights pertaining to the Investment Related Property that constitutes Collateral or any part thereof for any
purpose not inconsistent with the terms of this Agreement or the Credit Agreement and the New Credit Agreement. 

 (ii) Upon the occurrence and during the continuation of an Event of Default: 
  

	 	(A)	 all rights of each Grantor to exercise or refrain from exercising the voting and other consensual rights which it

  
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would otherwise be entitled to exercise pursuant hereto shall cease and all such rights shall thereupon become vested in Administrative Agent who shall thereupon have the sole right to exercise
such voting and other consensual rights; and 

  

	 	(B)	in order to permit Administrative Agent to exercise the voting and other consensual rights which it may be entitled to exercise pursuant hereto and to receive all
dividends and other distributions which it may be entitled to receive hereunder: (1) each Grantor shall promptly execute and deliver (or cause to be executed and delivered) to Administrative Agent all proxies, dividend payment orders and other
instruments as Administrative Agent may from time to time reasonably request; and (2) each Grantor acknowledges that Administrative Agent may utilize the power of attorney set forth in Section 8.1. 

(c) Except as permitted by the Credit Agreement and the New Credit Agreement, without the prior written consent of Administrative Agent,
it shall not vote to enable or take any other action to (a) amend or terminate any partnership agreement, limited liability company agreement, certificate of incorporation, by-laws or other organizational documents in any way that materially
adversely affects the rights of such Grantor with respect to any Investment Related Property that constitutes Collateral or adversely affects the validity, perfection or priority of Administrative Agent’s security interest, (b) other than
as permitted under the Credit Agreement and the New Credit Agreement, permit any OZ Subsidiary that is an issuer of any Pledged Equity Interest that constitutes Collateral to dispose of all or a material portion of their assets, (c) waive any
default under or breach of any terms of organizational document relating to any OZ Subsidiary that is an issuer of any Pledged Equity Interest that constitutes Collateral or the terms of any Pledged Debt, or (d) cause any OZ Subsidiary that is
an issuer of any Pledged Partnership Interests that constitute Collateral or Pledged LLC Interests that constitute Collateral which are not securities (for purposes of the UCC) on December 31, 2007 to elect or otherwise take any action to cause
such Pledged Partnership Interests or Pledged LLC Interests to be treated as securities for purposes of the UCC; provided, however, notwithstanding the foregoing, if any OZ Subsidiary that is an issuer of any Pledged Partnership
Interests that constitute Collateral or Pledged LLC Interests that constitute Collateral takes any such action in violation of the foregoing in this clause (c), such Grantor shall promptly notify Administrative Agent in writing of any such
election or action and, in such event, shall take all steps necessary to establish Administrative Agent’s “control” thereof; and 
 (d) except as expressly permitted by the Credit Agreement and the New Credit Agreement, without the prior written consent of Administrative Agent, it shall not permit any OZ Subsidiary that is an issuer
of any Pledged Equity Interest that constitutes Collateral to merge or consolidate unless (i) such issuer, that is a Grantor, creates a security interest that is perfected by a filed financing statement (that is not effective solely under
section 9-508 of the UCC) in Collateral in which such new debtor has or acquires rights, (ii) all the outstanding Equity Interests of the surviving or resulting corporation, limited liability company, partnership

  
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or other entity is, upon such merger or consolidation, pledged hereunder and no cash, securities or other property is distributed in respect of the outstanding Equity Interests of any other
constituent Grantor; provided that if the surviving or resulting Grantors upon any such merger or consolidation involving an issuer which is a Controlled Foreign Corporation, then such Grantor shall only be required to pledge Equity Interests
in accordance with Section 2.2 and (iii) Grantor promptly complies with the delivery and control requirements of Section 4 hereof. 
 16.7. Intellectual Property. 
 (a) It shall not knowingly do any act or
omit to do any act that results in any of the Intellectual Property owned by such Grantor which is material to the business of such Grantor or which is of material value lapsing or becoming abandoned, dedicated to the public or unenforceable, or
which would adversely affect the validity, grant or enforceability of the security interest granted therein; 
 (b) it shall
not, with respect to any Trademarks included in the Collateral which are material to the business of such Grantor, cease the use of any of such Trademarks or fail to maintain the level of the quality of products sold and services rendered under any
of such Trademarks at a level at least substantially consistent with the quality of such products and services as of December 31, 2007, except to the extent the failure to do so would not reasonably be expected to have a Material Adverse
Effect, and such Grantor shall take commercially reasonable steps necessary to ensure that licensees of such Trademarks use adequate standards of quality; 
 (c) it shall promptly notify Administrative Agent if it knows that any item of Intellectual Property included in the Collateral and that is material to the business of such Grantor will become
(a) abandoned or dedicated to the public or placed in the public domain, (b) invalid or unenforceable, (c) subject to any material adverse determination or development (including the institution of proceedings) in any action or
proceeding in the United States Patent and Trademark Office, the United States Copyright Office, any foreign counterpart of the foregoing or any court or (d) be the subject of any reversion or termination rights; 

(d) it shall take commercially reasonable steps in the United States Patent and Trademark Office, the United States Copyright Office or
any foreign counterpart of the foregoing, to pursue any application and maintain any registration of each Trademark (excluding Internet domain names), Patent, and Copyright owned by or, with respect to Copyrights, exclusively licensed to such
Grantor which is now or shall become included in the Collateral including, but not limited to, those items in Schedule 5.2(II) (as each may be amended or supplemented from time to time), unless such Grantor reasonably determines in its
reasonable business judgment that such Intellectual Property is no longer prudent in the conduct of such Grantor’s business to so pursue or maintain; and 
 (e) it shall hereafter use commercially reasonable efforts so as not to permit the inclusion in any contract to which it hereafter becomes a party of any provision that materially impairs or prevents the
creation of a security interest in, or the assignment of, such Grantor’s rights and interests in Intellectual Property that is material to the business of such Grantor acquired under such contract. 

  
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 SECTION 17. ACCESS; RIGHT OF INSPECTION AND FURTHER ASSURANCES; ADDITIONAL GRANTORS. 

17.1. Access; Right of Inspection. Administrative Agent shall at all times, upon reasonable prior written notice to such Grantor,
have full and free access during normal business hours to all the books, correspondence and records of each Grantor, and Administrative Agent and its representatives may examine the same, take extracts therefrom and make photocopies thereof, and
each Grantor agrees to render to Administrative Agent, at such Grantor’s reasonable cost and expense, such clerical and other assistance as may be reasonably requested with regard thereto. Administrative Agent and its representatives shall at
all times also have the right, upon reasonable prior written notice to such Grantor, to enter any premises of each Grantor and inspect any property of each Grantor where any of the Collateral of such Grantor granted pursuant to this Agreement is
located for the purpose of inspecting the same, observing its use or otherwise protecting its interests therein. 
 17.2.
Further Assurances. 
 (a) Each Grantor agrees that from time to time, at the reasonable expense of such Grantor, it shall
promptly execute and deliver all further instruments and documents, and take all further action, that are reasonably necessary, or that Administrative Agent may reasonably request, in order to create and/or maintain the validity, perfection or
priority of and protect any security interest granted or purported to be granted hereby or to enable Administrative Agent to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Without limiting the generality of
the foregoing, to the extent otherwise required by the terms of this Agreement, each Grantor shall: 
 (i) file
such financing or continuation statements, or amendments thereto, record security interests in intellectual property (with respect to Intellectual Property, in the U.S. only) and execute and deliver such other agreements, instruments,
endorsements, powers of attorney or notices as are reasonably necessary, or as Administrative Agent may reasonably request, in order to effect, reflect, perfect and preserve the security interests granted or purported to be granted hereby;

 (ii) take all actions reasonably necessary to ensure the recordation of appropriate evidence of the liens and
security interests granted hereunder in the issued, registered or applied-for Intellectual Property with any U.S. intellectual property registry in which said Intellectual Property is registered or in which an application for registration is
pending including, without limitation, the United States Patent and Trademark Office and the United States Copyright Office; 
 (iii) so long as an Event of Default shall have occurred and be continuing, at any reasonable time, upon prior written request by Administrative Agent, assemble the Collateral and allow inspection of the
Collateral by Administrative Agent, or persons designated by Administrative Agent; 

  
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 (iv) at Administrative Agent’s prior written request, appear in and
defend any action or proceeding that may materially affect such Grantor’s title to or Administrative Agent’s security interest in all or any part of the Collateral; and 

(v) furnish Administrative Agent with such information regarding the Collateral, including, without limitation, the
location thereof, as Administrative Agent may reasonably request in writing from time to time. 
 (b) Each Grantor hereby
authorizes Administrative Agent to file a Record or Records, including, without limitation, financing or continuation statements, intellectual property security agreements and amendments to any of the foregoing, in any jurisdictions and with any
filing offices as Administrative Agent may determine, in its sole discretion, are necessary to perfect or otherwise protect the security interest granted to Administrative Agent herein. Such financing statements may describe the Collateral in the
same manner as described herein or may contain an indication or description of collateral that describes such property in any other manner as Administrative Agent may determine, in its sole discretion, is necessary to ensure the perfection of the
security interest in the Collateral granted to Administrative Agent herein, including, without limitation, describing such property as “all assets, whether now owned or hereafter acquired” or words of similar effect. Each Grantor shall
furnish to Administrative Agent from time to time statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral as Administrative Agent may reasonably request, all in reasonable
detail. 
 (c) Each Grantor hereby authorizes Administrative Agent to modify this Agreement after obtaining such Grantor’s
approval of or signature to such modification by amending Schedule 5.2 (as such schedule may be amended or supplemented from time to time) to include reference to any right, title or interest in any existing issued, registered or applied-for
Intellectual Property (excluding Internet domain names) or any issued, registered or applied-for Intellectual Property (excluding Internet domain names) acquired or developed by any Grantor after the execution hereof or to delete any reference to
any right, title or interest in any Intellectual Property in which any Grantor no longer has or claims any right, title or interest. 
 17.3. Additional Grantors. To the extent required pursuant to Section 5.10 of the Credit Agreement or Section 5.10 of the New Credit Agreement, from time to time subsequent to the date
hereof, additional Persons may become parties hereto as additional Grantors (each, an “Additional Grantor”), by executing a Pledge Supplement. Upon delivery of any such Pledge Supplement to Administrative Agent, notice of which is
hereby waived by Grantors, each Additional Grantor shall be a Grantor and shall be as fully a party hereto as if Additional Grantor were an original signatory hereto. Each Grantor expressly agrees that its obligations arising hereunder shall not be
affected or diminished by the addition or release of any other Grantor hereunder, nor by any election of Administrative Agent not to cause any Subsidiary of Borrower to become an Additional Grantor hereunder. This Agreement shall be fully effective
as to any Grantor that is or becomes a party hereto regardless of whether any other Person becomes or fails to become or ceases to be a Grantor hereunder. 
 SECTION 18. ADMINISTRATIVE AGENT APPOINTED ATTORNEY-IN-FACT. 

  
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 18.1. Power of Attorney. Each Grantor hereby irrevocably appoints Administrative
Agent (such appointment being coupled with an interest) as such Grantor’s attorney-in-fact, with full authority in the place and stead of such Grantor and in the name of such Grantor, Administrative Agent or otherwise, from time to time in
Administrative Agent’s discretion to take any action and to execute any instrument that Administrative Agent may deem reasonably necessary to accomplish the purposes of this Agreement, including, without limitation, the following: 

(a) upon the occurrence and during the continuance of any Event of Default, to obtain and adjust insurance required to be maintained by
such Grantor or paid to Administrative Agent pursuant to the Credit Agreement or the New Credit Agreement; 
 (b) upon the
occurrence and during the continuance of any Event of Default, to ask for, demand, collect, sue for, recover, compound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;

 (c) upon the occurrence and during the continuance of any Event of Default, to receive, endorse and collect any drafts or
other instruments, documents and chattel paper in connection with clause (b) above; 
 (d) upon the occurrence and during
the continuance of any Event of Default, to file any claims or take any action or institute any proceedings that Administrative Agent may deem necessary for the collection of any of the Collateral or otherwise to enforce the rights of Administrative
Agent with respect to any of the Collateral; 
 (e) to prepare and file any UCC financing statements against such Grantor as
debtor; 
 (f) to prepare, sign, and file for recordation in any intellectual property registry, appropriate evidence of the
lien and security interest granted herein in the Intellectual Property included in the Collateral in the name of such Grantor as debtor; 
 (g) to take or cause to be taken all actions necessary to perform or comply or cause performance or compliance with the terms of this Agreement, including, without limitation, access to pay or discharge
taxes or Liens (other than Permitted Liens) levied or placed upon or threatened against the Collateral, the legality or validity thereof and the amounts necessary to discharge the same to be determined by Administrative Agent in its sole discretion,
any such payments made by Administrative Agent to become obligations of such Grantor to Administrative Agent, due and payable immediately without demand; and 
 (h) upon the occurrence and during the continuance of any Event of Default, generally to sell, transfer, lease, license, pledge, make any agreement with respect to or otherwise deal with any of the
Collateral as fully and completely as though Administrative Agent were the absolute owner thereof for all purposes, and to do, at Administrative Agent’s option and such Grantor’s reasonable expense, at any time or from time to time, all
acts and things that Administrative Agent deems reasonably necessary to protect, preserve or realize upon the Collateral and Administrative Agent’s security interest therein in order to effect the intent of this Agreement, all as fully and
effectively as such Grantor might do. 

  
 26 

 18.2. No Duty on the Part of Administrative Agent or Secured Parties. The powers
conferred on Administrative Agent hereunder are solely to protect the interests of the Secured Parties in the Collateral and shall not impose any duty upon Administrative Agent or any Secured Party to exercise any such powers. Administrative Agent
and the Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their officers, directors, employees or agents shall be responsible to any Grantor for
any act or failure to act hereunder, except for their own bad faith, gross negligence or willful misconduct. 
 SECTION 19. REMEDIES.

 19.1. Generally. 
 (a) If any Event of Default shall have occurred and be continuing, Administrative Agent may (and at the direction of the Required Secured Parties, shall) exercise in respect of the Collateral, in addition
to all other rights and remedies provided for herein or otherwise available to it at law or in equity, all the rights and remedies of Administrative Agent on default under the UCC (whether or not the UCC applies to the affected Collateral) to
collect, enforce or satisfy any Secured Obligations then owing, whether by acceleration or otherwise, and also may pursue any of the following separately, successively or simultaneously: 

(i) require any Grantor to, and each Grantor hereby agrees that it shall at its expense and promptly upon request of
Administrative Agent forthwith, assemble all or part of the Collateral as directed by Administrative Agent and make it available to Administrative Agent at a place to be designated by Administrative Agent that is reasonably convenient to both
parties; 
 (ii) upon reasonable prior notice to such Grantor, enter onto the property where any Collateral is
located and take possession thereof with or without judicial process; 
 (iii) prior to the disposition of the
Collateral, store, process, repair or recondition the Collateral or otherwise prepare the Collateral for disposition in any manner to the extent Administrative Agent deems appropriate; and 

(iv) without notice except as specified below or under the UCC, sell, assign, lease, license (on an exclusive or
nonexclusive basis) or otherwise dispose of the Collateral or any part thereof in one or more parcels at public or private sale, at any of Administrative Agent’s offices or elsewhere, for cash, on credit or for future delivery, at such time or
times and at such price or prices and upon such other terms as Administrative Agent may deem commercially reasonable. 
 (b)
Administrative Agent or any Secured Party may be the purchaser of any or all of the Collateral at any public or private (to the extent the portion of the Collateral being privately sold is of a kind that is customarily sold on a recognized market or
the subject of widely distributed standard price quotations) sale in accordance with the UCC and Administrative Agent, as administrative agent for and representative of the Secured Parties, shall be entitled, for the purpose of bidding and making
settlement or payment of the purchase price 

  
 27 

 
for all or any portion of the Collateral sold at any such sale made in accordance with the UCC, to use and apply any of the Secured Obligations as a credit on account of the purchase price for
any Collateral payable by Administrative Agent at such sale. Each purchaser at any such sale shall hold the property sold absolutely free from any claim or right on the part of any Grantor, and each Grantor hereby waives (to the extent permitted by
applicable law) all rights of redemption, stay and/or appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. Each Grantor agrees that, to the extent notice of sale shall
be required by law, at least ten (10) days notice to such Grantor of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. Administrative Agent shall not be
obligated to make any sale of Collateral regardless of notice of sale having been given. Administrative Agent may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without
further notice, be made at the time and place to which it was so adjourned. Each Grantor agrees that it would not be commercially unreasonable for Administrative Agent to dispose of the Collateral or any portion thereof by using Internet sites that
provide for the auction of assets of the types included in the Collateral or that have the reasonable capability of doing so, or that match buyers and sellers of assets. Each Grantor hereby waives any claims against Administrative Agent arising by
reason of the fact that the price at which any Collateral may have been sold at such a private sale was less than the price which might have been obtained at a public sale, even if Administrative Agent accepts the first offer received and does not
offer such Collateral to more than one offeree. If the proceeds of any sale or other disposition of the Collateral are insufficient to pay all the Secured Obligations, Grantors shall be liable for the deficiency and the fees of any attorneys
employed by Administrative Agent to collect such deficiency. Each Grantor further agrees that a breach of any of the covenants contained in this Section will cause irreparable injury to Administrative Agent, that Administrative Agent has no adequate
remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section shall be specifically enforceable against such Grantor, and such Grantor hereby waives and agrees not to assert any defenses
against an action for specific performance of such covenants except for a defense that no default has occurred giving rise to the Secured Obligations becoming due and payable prior to their stated maturities. Nothing in this Section shall in any way
limit the rights of Administrative Agent hereunder. 
 (c) Administrative Agent may sell the Collateral without giving any
warranties as to the Collateral. Administrative Agent may specifically disclaim or modify any warranties of title or the like. This procedure will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral.

 (d) Administrative Agent shall have no obligation to marshal any of the Collateral. 

19.2. Application of Proceeds. Except as expressly provided elsewhere in this Agreement, all proceeds received by Administrative
Agent in respect of any sale, any collection from, or other realization upon all or any part of the Collateral shall be applied in full or in part by Administrative Agent against, the Secured Obligations as follows: 

  
 28 

 first, to the payment of all costs and expenses of such sale,
collection or other realization of any Collateral, including reasonable compensation to Administrative Agent and its agents and counsel, and all other expenses, liabilities and advances made or incurred by Administrative Agent in connection
therewith, and all amounts for which Administrative Agent is entitled to indemnification hereunder (in its capacity as Administrative Agent and not as a Lender or New Lender) and all advances made by Administrative Agent hereunder for the account of
the applicable Grantor, all in accordance with the terms hereof and the other Collateral Documents; 

second, to the extent of any excess of such proceeds, to the ratable payment of (a) all other Obligations to
the Administrative Agent for the benefit of the applicable Secured Parties for application pursuant to Section 2.16(g) of the Credit Agreement and (b) all other New Obligations to the New Agent for the benefit of the applicable Secured
Parties for application pursuant to Section 2.16(g) of the New Credit Agreement; and 
 third, to the
extent of any excess of such payments or proceeds, to the payment to or upon the order of whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct. 

19.3. Sales on Credit. If Administrative Agent sells any of the Collateral upon credit, Grantor will be credited only with
payments actually made by purchaser and received by Administrative Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Administrative Agent may resell the Collateral and Grantor shall be
credited with proceeds of the sale. 
 19.4. Investment Related Property. Each Grantor recognizes that, by reason of
certain prohibitions contained in the Securities Act and applicable state securities laws, Administrative Agent may be compelled, with respect to any sale of all or any part of the Investment Related Property that constitutes Collateral conducted
without prior registration or qualification of such Investment Related Property under the Securities Act and/or such state securities laws, to limit purchasers to those who will agree, among other things, to acquire the Investment Related Property
for their own account, for investment and not with a view to the distribution or resale thereof. Each Grantor acknowledges that any such private sale may be at prices and on terms less favorable than those obtainable through a public sale without
such restrictions (including a public offering made pursuant to a registration statement under the Securities Act) and, notwithstanding such circumstances, each Grantor agrees that any such private sale shall be deemed to have been made in a
commercially reasonable manner and that Administrative Agent shall have no obligation to engage in public sales and no obligation to delay the sale of any Investment Related Property that constitutes Collateral for the period of time necessary to
permit the issuer thereof to register it for a form of public sale requiring registration under the Securities Act or under applicable state securities laws, even if such issuer would, or should, agree to so register it. If Administrative Agent
determines to exercise its right to sell any or all of the Investment Related Property that constitutes Collateral, upon written request, each Grantor shall and shall cause each issuer of any Pledged Stock that constitutes Collateral to be sold
hereunder, each partnership and each limited liability company from time to time to furnish to Administrative Agent all such information as Administrative Agent may 

  
 29 

 
request in order to determine the number and nature of interest, shares or other instruments included in the Investment Related Property that constitutes Collateral which may be sold by
Administrative Agent in exempt transactions under the Securities Act and the rules and regulations of the Securities and Exchange Commission thereunder, as the same are from time to time in effect. Any use of any Trademarks by Administrative Agent
or its successors, assigns, transferees or licensees permitted by this Section 9.4 shall be in a manner and at a level of quality consistent with that in effect as of the Effective Date. 

19.5. Grant of Intellectual Property License. For the purpose of enabling Administrative Agent, solely during the continuance of
an Event of Default, and solely to exercise rights and remedies under Section 9 hereof at such time as Administrative Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Grantor hereby grants to
Administrative Agent, to the extent it has the rights to do so, a non-exclusive license to use, assign, license or sublicense any of the Intellectual Property now owned or hereafter acquired by such Grantor, wherever the same may be located,
subject, in the case of Trademarks, to sufficient rights to quality control and inspection in favor of such Grantor to avoid the risk of invalidation of said Trademarks. Such license shall include reasonable and lawful access to all media in which
any of the licensed items may be recorded or stored and to all computer programs used for the compilation or printout hereof to the extent Grantor has the rights and is lawfully able to provide such access. 

19.6. Intellectual Property. 
 (a) Anything contained herein to the contrary notwithstanding, in addition to the other rights and remedies provided herein, upon the occurrence and during the continuation of an Event of Default:

 (i) Administrative Agent shall have the right (but not the obligation) to bring suit or otherwise commence any
action or proceeding in the name of any Grantor, Administrative Agent or otherwise, in Administrative Agent’s sole discretion, to enforce any Intellectual Property included in the Collateral, in which event such Grantor shall, at the reasonable
request of Administrative Agent, do any and all lawful acts and execute any and all documents required by Administrative Agent in aid of such enforcement and such Grantor shall promptly, upon reasonable demand, reimburse and indemnify Administrative
Agent as provided in Section 10 hereof in connection with the exercise of its rights under this Section, and, to the extent that Administrative Agent shall elect not to bring suit to enforce any Intellectual Property as provided in this
Section, each Grantor agrees to use commercially reasonable measures, whether by action, suit, proceeding or otherwise, to prevent the infringement or other violation of any of such Grantor’s rights in the Intellectual Property by others and
for that purpose agrees, where and when appropriate, to diligently maintain any action, suit or proceeding against any Person so infringing as shall be necessary to prevent such infringement or violation to the extent commercially reasonable to do
so; 
 (ii) upon reasonable written demand from Administrative Agent, each Grantor shall grant, assign, convey or
otherwise transfer to Administrative Agent or Administrative Agent’s designee all of such Grantor’s right, title and interest in and to the 

  
 30 

 
Intellectual Property included in the Collateral and shall execute and deliver to Administrative Agent such documents as are necessary or appropriate to carry out the intent and purposes of this
Agreement; 
 (iii) each Grantor agrees that such an assignment and/or recording referred to in
Section 9.6(a)(ii) shall be applied to reduce the Secured Obligations outstanding, in accordance with Section 9.2 of this Agreement, only to the extent that Administrative Agent (or any Secured Party) receives cash proceeds in respect of
the sale of, or other realization upon, such Intellectual Property; and 
 (iv) within seven (7) Business
Days after written notice from Administrative Agent, each Grantor shall make available to Administrative Agent, to the extent reasonably practicable and within such Grantor’s power and authority, such personnel in such Grantor’s employ on
the date of such Event of Default as Administrative Agent may reasonably designate, by name, title or job responsibility, to permit such Grantor to continue, directly or indirectly, to produce, advertise and sell the products and services sold or
delivered by such Grantor under or in connection with the Trademarks or the Trademark Licenses, such persons to be reasonably available to perform their prior functions on Administrative Agent’s behalf and to be compensated by Administrative
Agent at such Grantor’s expense on a per diem, pro-rata basis consistent with the salary and benefit structure applicable to each as of the date of such Event of Default; and 

(v) Administrative Agent shall have the right to notify, or reasonably require each Grantor to notify, any obligors with
respect to amounts due or to become due to such Grantor in respect of the Intellectual Property included in the Collateral, of the existence of the security interest created herein, to direct such obligors to make payment of all such amounts
directly to Administrative Agent, and, upon such notification and at the reasonable expense of such Grantor, to enforce collection of any such amounts and to adjust, settle or compromise the amount or payment thereof, in the same manner and to the
same extent as such Grantor might have done: 
  

	 	(A)	all amounts and proceeds (including checks and other instruments) received by Grantor in respect of amounts due to such Grantor in respect of the Collateral or any
portion thereof shall be received in trust for the benefit of Administrative Agent hereunder shall be segregated from other funds of such Grantor and shall be forthwith paid over or delivered to Administrative Agent in the same form as so received
(with any necessary endorsement) to be held as cash Collateral and applied as provided by Section 9.7 hereof; and 

  

	 	(B)	Grantor shall not adjust, settle or compromise the amount or payment of any such amount or release wholly or partly any obligor with respect thereto or allow any credit
or discount thereon. 

  
 31 

 (b) If (i) an Event of Default shall have occurred and, by reason of cure, waiver,
modification, amendment or otherwise, no longer be continuing, (ii) no other Event of Default shall have occurred and be continuing, (iii) an assignment or other transfer to Administrative Agent of any rights, title and interests in and to
the Intellectual Property included in the Collateral shall have been previously made and shall have become absolute and effective and (iv) the Secured Obligations shall not have become immediately due and payable, then upon the written request
of any Grantor, Administrative Agent shall promptly execute and deliver to such Grantor, at such Grantor’s sole cost and expense, such assignments or other transfers or documents as may be necessary to reassign to such Grantor any such rights,
title and interests as may have been assigned to Administrative Agent as aforesaid, subject to any disposition thereof that may have been made by Administrative Agent; provided, after giving effect to such reassignment, Administrative
Agent’s security interest granted pursuant hereto, as well as all other rights and remedies of Administrative Agent granted hereunder, shall continue to be in full force and effect. The rights, title and interests so reassigned shall be free
and clear of any other Liens granted by or on behalf of Administrative Agent and the Secured Parties. 
 19.7. Cash
Proceeds; Deposit Accounts. If any Event of Default shall have occurred and be continuing, in addition to the rights of Administrative Agent specified in Section 6.5 with respect to payments of Receivables, all proceeds of any Collateral
received by any Grantor consisting of cash, checks and other near-cash items (collectively, “Cash Proceeds”) shall be held by such Grantor in trust for Administrative Agent, segregated from other funds of such Grantor, and shall,
forthwith upon receipt by such Grantor, be turned over to Administrative Agent in the exact form received by such Grantor (duly indorsed by such Grantor to Administrative Agent, if required) and held by Administrative Agent. Any Cash Proceeds
received by Administrative Agent (whether from a Grantor or otherwise) may, in the sole discretion of Administrative Agent, (A) be held by Administrative Agent for the ratable benefit of the Secured Parties, as collateral security for the
Secured Obligations (whether matured or unmatured) and/or (B) then or at any time thereafter may be applied by Administrative Agent against the Secured Obligations then due and owing. 
 SECTION 20. ADMINISTRATIVE AGENT. 
 GSCP has been appointed to act as
Administrative Agent hereunder (pursuant to its appointment as “Administrative Agent” under the Credit Agreement and in such capacity, as “Collateral Administrative Agent” under the New Credit Agreement) by Lenders and the New
Lenders and, by their acceptance of the benefits hereof, the other Secured Parties. Administrative Agent shall be obligated, and shall have the right hereunder, to make demands, to give notices, to exercise or refrain from exercising any rights, and
to take or refrain from taking any action (including, without limitation, the release or substitution of Collateral), solely in accordance with this Agreement and either (i) so long as no Event of Default shall have occurred and be continuing,
at the direction of the Requisite Lenders (as defined under the Credit Agreement) (or such other Lenders as may be required pursuant to Section 10.5 of the Credit Agreement) and the Requisite Lenders (as defined under the New Credit Agreement)
(or such other New Lenders as may be required pursuant to Section 10.5 of the New Credit Agreement) or (ii) so long as any Event of Default shall have occurred and be continuing, at the direction of Required Secured Parties;
provided, (a) Administrative Agent shall, after payment in full of all Obligations and New Obligations, exercise, or refrain from exercising, any remedies provided 

  
 32 

 
for herein in accordance with the instructions of the holders (the “Majority Holders”) of a majority of the aggregate “settlement amount” as defined in the Hedge
Agreements and New Hedge Agreements (or, with respect to any Hedge Agreement or New Hedge Agreement that has been terminated in accordance with its terms, the amount then due and payable (exclusive of expenses and similar payments but including any
early termination payments then due) under such Hedge Agreement or New Hedge Agreement) under all Hedge Agreements and New Hedge Agreements and (b) releases of all or substantially all of the Collateral shall require the consent of each Lender
and New Lender affected thereby. For purposes of the foregoing sentence, settlement amount for any Hedge that has not been terminated shall be the settlement amount as of the last Business Day of the month preceding any date of determination and
shall be calculated by the appropriate swap counterparties and reported to Administrative Agent upon request; provided, that any Hedge Agreement or New Hedge Agreement with a settlement amount that is a negative number shall be disregarded
for purposes of determining the Majority Holders. In furtherance of the foregoing provisions of this Section, each Secured Party, by its acceptance of the benefits hereof, agrees that it shall have no right individually to realize upon any of the
Collateral hereunder, it being understood and agreed by such Secured Party that all rights and remedies hereunder may be exercised solely by Administrative Agent for the benefit of Secured Parties in accordance with the terms of this Section.

 The provisions of the Credit Agreement relating to the Administrative Agent and the New Credit Agreement relating to the
Collateral Administrative Agent including, without limitation, the provisions relating to resignation or removal of Administrative Agent (in the case of the Credit Agreement) and the Collateral Administrative Agent (in the case of the New Credit
Agreement) and the powers and duties and immunities of Administrative Agent (in the case of the Credit Agreement) and the Collateral Administrative Agent (in the case of the New Credit Agreement) are incorporated herein by this reference and shall
survive any termination of the Credit Agreement and the New Credit Agreement. All references to the “Administrative Agent” hereunder, unless the context clearly requires otherwise, shall mean GSCP as agent for all of the Secured Parties.

 Notwithstanding anything to the contrary in the Credit Agreement and the New Credit Agreement, prior to such date as the
Obligations have been repaid in full and the Commitments (as defined in the Credit Agreement) thereunder terminated, the obligations of the Lenders pursuant to the Credit Agreement relating to indemnification of the Administrative Agent and the
obligations of the New Lenders pursuant to the New Credit Agreement relating to indemnification of the Collateral Administrative Agent shall be determined on a pro rata basis (in accordance with the outstanding principal amounts under the Credit
Agreement and the New Credit Agreement, taken together) to the extent the indemnified matter relates to the Collateral or actions taken (or not taken) by the Administrative Agent pursuant to this Agreement. 

SECTION 21. CONTINUING SECURITY INTEREST; TRANSFER OF LOANS. 
 This Agreement shall create a continuing security interest in the Collateral and shall remain in full force and effect until the payment in full of all Secured Obligations and the cancellation or
termination of the Commitments (under, and as defined in, the Credit Agreement and the New Credit Agreement), be binding upon each Grantor, its successors and assigns, and inure, together with the rights and remedies of Administrative Agent
hereunder, to the benefit of 

  
 33 

 
Administrative Agent and its successors, transferees and assigns. Without limiting the generality of the foregoing, but subject to the terms of the Credit Agreement and the New Credit Agreement,
any Lender or New Lender may assign or otherwise transfer any Loans held by it to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Lenders and New Lenders herein or otherwise.
Upon the payment in full of all Secured Obligations and the cancellation or termination of the Commitments (under, and as defined in, the Credit Agreement and the New Credit Agreement), the security interest granted hereby shall automatically
terminate hereunder and of record and all rights to the Collateral shall revert to Grantors. Upon any such termination Administrative Agent shall, at Grantors’ expense, execute and deliver to Grantors or otherwise authorize the filing of such
documents as Grantors shall reasonably request, including financing statement amendments to evidence such termination. Upon any disposition of property permitted by the Credit Agreement, the Liens granted herein are automatically released and such
property shall automatically revert to the applicable Grantor with no further action on the part of any Person. Administrative Agent shall, at Grantor’s expense, execute and deliver or otherwise authorize the filing of such documents as
Grantors shall reasonably request, in form and substance reasonably satisfactory to Administrative Agent, including financing statement amendments to evidence such release. 
 SECTION 22. STANDARD OF CARE; ADMINISTRATIVE AGENT MAY PERFORM. 
 The powers
conferred on Administrative Agent hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. Except for the exercise of reasonable care in the custody of any Collateral in its
possession and the accounting for moneys actually received by it hereunder, Administrative Agent shall have no duty as to any Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights
pertaining to any Collateral. Administrative Agent shall be deemed to have exercised reasonable care in the custody and preservation of Collateral in its possession if such Collateral is accorded treatment substantially equal to that which
Administrative Agent accords its own property. Neither Administrative Agent nor any of its directors, officers, employees or agents shall be liable for failure to demand, collect or realize upon all or any part of the Collateral or for any delay in
doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Grantor or otherwise. If any Grantor fails to perform any agreement contained herein, Administrative Agent may itself perform, or cause
performance of, such agreement, and the expenses of Administrative Agent incurred in connection therewith shall be payable by each Grantor under Section 10.2 of the Credit Agreement and the New Credit Agreement. 

SECTION 23. MISCELLANEOUS. 
 Any notice required or permitted to be given under this Agreement shall be given in accordance with Section 10.1 of the Credit Agreement and the New Credit Agreement. No failure or delay on the part
of Administrative Agent in the exercise of any power, right or privilege hereunder or under any other Credit Document or New Credit Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence
therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other power, right or privilege. All rights and 

  
 34 

 
remedies existing under this Agreement and the other Credit Documents and the New Credit Documents are cumulative to, and not exclusive of, any rights or remedies otherwise available. In case any
provision in or obligation under this Agreement shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other
jurisdiction, shall not in any way be affected or impaired thereby. All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would be permitted
by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken or condition exists. This Agreement shall be binding upon and inure to
the benefit of Administrative Agent and Grantors and their respective successors and assigns. No Grantor shall, without the prior written consent of Administrative Agent given in accordance with the Credit Agreement and the New Credit Agreement,
assign any right, duty or obligation hereunder. This Agreement and the other Credit Documents and the other New Credit Documents embody the entire agreement and understanding between Grantors and Administrative Agent and supersede all prior
agreements and understandings between such parties relating to the subject matter hereof and thereof. Accordingly, the Credit Documents and the New Credit Documents 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. This Agreement may be executed in one or more counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered
shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages
are physically attached to the same document. 
 THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND
ALL CLAIMS AND CONTROVERSIES ARISING OUT OF THE SUBJECT MATTER HEREOF WHETHER SOUNDING IN CONTRACT LAW, TORT LAW OR OTHERWISE SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO CONFLICTS OF LAW PROVISIONS THAT WOULD RESULT IN THE APPLICATION OF ANY OTHER LAW (OTHER THAN ANY MANDATORY PROVISIONS OF THE UCC RELATING TO THE LAW GOVERNING PERFECTION AND THE EFFECT OF PERFECTION OF THE SECURITY INTEREST).

 THE PROVISIONS OF THE CREDIT AGREEMENT AND THE NEW CREDIT AGREEMENT UNDER THE HEADINGS “CONSENT TO
JURISDICTION” AND “WAIVER OF JURY TRIAL” ARE INCORPORATED HEREIN BY THIS REFERENCE AND SUCH INCORPORATION SHALL SURVIVE ANY TERMINATION OF THE CREDIT AGREEMENT AND/OR THE NEW CREDIT AGREEMENT, AS APPLICABLE.

 THIS AGREEMENT AMENDS AND RESTATES THE ORIGINAL PLEDGE AND SECURITY AGREEMENT. THE OBLIGATIONS OF THE GRANTORS UNDER
THE ORIGINAL PLEDGE AND SECURITY AGREEMENT AND THE GRANT OF LIENS AND SECURITY INTEREST ON THE COLLATERAL BY THE GRANTORS 

  
 35 

 
UNDER THE ORIGINAL PLEDGE AND SECURITY AGREEMENT SHALL CONTINUE UNDER THIS AGREEMENT, AND SHALL NOT IN ANY EVENT BE TERMINATED, EXTINGUISHED OR ANNULLED, BUT SHALL HEREAFTER BE GOVERNED BY THIS
AGREEMENT. ALL REFERENCES TO THE ORIGINAL PLEDGE AND SECURITY AGREEMENT IN ANY CREDIT DOCUMENT (OTHER THAN THIS AGREEMENT) OR OTHER DOCUMENT OR INSTRUMENT DELIVERED IN CONNECTION THEREWITH SHALL BE DEEMED TO REFER TO THIS AGREEMENT AND THE
PROVISIONS HEREOF. IT IS UNDERSTOOD AND AGREED THAT THE ORIGINAL PLEDGE AND SECURITY AGREEMENT IS BEING AMENDED AND RESTATED BY ENTRY INTO THIS AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT ON THE DATE HEREOF. 

For the avoidance of doubt, no amendment, modification, termination or waiver of any provision of this Agreement, or consent to any
departure by any Grantor therefrom shall in any event be effective, and no action shall be required to be taken (or not taken) by the Administrative Agent hereunder, without the written concurrence of (i) so long as no Event of Default shall
have occurred and be continuing, the Requisite Lenders (as defined under the Credit Agreement) (or such other Lenders as may be required pursuant to Section 10.5 of the Credit Agreement) and the Requisite Lenders (as defined under the New
Credit Agreement) (or such other Lenders as may be required pursuant to Section 10.5 of the Credit Agreement) and (ii) so long as any Event of Default shall have occurred and be continuing, the Required Secured Parties and, in each case
with respect to any amendment, modification, termination, waiver or consent, the Borrower or the applicable Grantor, as the case may be; provided that Administrative Agent may, with the consent of Borrower only, amend, modify or supplement
this Agreement to cure any ambiguity, omission, defect or inconsistency, so long as such amendment, modification or supplement does not adversely affect the rights of any Secured Party. 

[Remainder of Page Intentionally Left Blank] 

  
 36 

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

			
	 OZ MANAGEMENT LP,
 as Grantor

		
		 	By:   Och-Ziff Holding Corporation, its general partner
		
	By:	 	  

		 	Name: Joel Frank
		 	Title: Chief Financial Officer
	
	 OZ ADVISORS LP,
 as Grantor

		
		 	By:   Och-Ziff Holding Corporation, its general partner
		
	By:	 	  

		 	Name: Joel Frank
		 	Title: Chief Financial Officer
	
	 OZ ADVISORS II LP,
 as Grantor

		
	By:	 	Och-Ziff Holding LLC, its general partner
		
	By:	 	  

		 	Name: Joel Frank
		 	Title: Chief Financial Officer
	
	 OCH-ZIFF HOLDING II LLC

		 	By:OZ Management LP, its member
		 	By: Och-Ziff Holding Corporation, its general partner
		 	
	 By:
	 	  

		 	Name: Joel M. Frank
		 	Title: Chief Financial Officer

  
 EXHIBIT F-1

 
					
	OZ MANAGEMENT II LP
		 	 By: Och-Ziff Holding II LLC,

its general partner

		 	 By: OZ Management LP, its member

		 	 By: Och-Ziff Holding Corporation,

its general partner

		
	 By:
	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	OZSC GP, LLC
		 	 By: OZ Advisors LP, its member

		 	 By: Och-Ziff Holding Corporation,

its general partner

		
	 By:
	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer
	
	OZSC GP, L.P.
		 	 By: OZSC GP, LLC, its general partner

		 	 By: OZ Advisors LP, its member

By: Och-Ziff Holding Corporation,

its general partner

		
	 By:
	 	  

		 	Name:	 	Joel M. Frank
		 	Title:	 	Chief Financial Officer

  
 EXHIBIT F-2

 
			
	OZ EUREKA FUND GP, L.P.
		 	By: OZ Eureka Fund GP, LLC, its general partner
		 	By: OZ Advisors LP, its member
		 	By: Och-Ziff Holding Corporation,
		 	its general partner
		
	 By:
	 	  

		 	Name:  Joel M. Frank
		 	Title:    Chief Financial Officer
	
	OZ STRUCTURED PRODUCTS
		 	OVERSEAS FUND GP, L.P.
		 	By: OZ Structured Products Overseas Fund
		 	GP, LLC, its general partner
		 	By: OZ Advisors II LP, its member
		 	By: Och-Ziff Holding LLC,
		 	its general partner
		
	 By:
	 	  

		 	Name:  Joel M. Frank
		 	Title:    Chief Financial Officer
	
	OZ STRUCTURED PRODUCTS
		 	FUND GP, L.P.
		 	By: OZ Structured Products Fund GP, LLC,
		 	its general partner
		 	By: OZ Advisors LP, its member
		 	By: Och-Ziff Holding Corporation,
		 	its general partner
		
	 By:
	 	  

		 	Name:  Joel M. Frank
		 	Title:    Chief Financial Officer
	
	OCH-ZIFF ENERGY FUND GP, L.P.
		 	By: Och-Ziff Energy Fund GP, LLC, its general partner
		 	By: OZ Advisors LP, its managing member
		 	 By: Och-Ziff Holding Corporation,
 its general partner

		
	By:	 	  

		 	Name:    Joel M. Frank
		 	Title:      Chief Financial Officer

  
 EXHIBIT F-3

 
					
	OZ GLOBAL CREDIT DOMESTIC
		 	PARTNERS GP, LTD.
		 	By: OZ Advisors LP, its member
		 	By: Och-Ziff Holding Corporation, its general partner
		
	 By:
	 	  

		 	Name: Joel M. Frank
		 	Title:   Chief Financial Officer
	
	OZ GLOBAL CREDIT OVERSEAS FUND GP, LTD.
		 	By: OZ Advisors II LP, its member
		 	 By: Och-Ziff Holding LLC,
 its general partner

		
	 By:
	 	  

		 	Name: Joel M. Frank
		 	Title: Chief Financial Officer

  
 EXHIBIT F-4

 
			
	GOLDMAN SACHS CREDIT PARTNERS L.P.,
	as Administrative Agent
		
	By:	 	  

		 	Authorized Signatory

  
 EXHIBIT F-5Third Amended and Restated Credit Agreement dated November 9, 2011

 EXHIBIT 10.51 
 THIRD AMENDED AND RESTATED CREDIT AGREEMENT 
 Dated as of November 9, 2011

 among 

GEORESOURCES, INC., 
 as Borrower 
 AROC (TEXAS), INC., 

CATENA OIL & GAS LLC, 
 G3 ENERGY, LLC, 
 G3 OPERATING, LLC, 

SOUTHERN BAY OPERATING, L.L.C., 
 SOUTHERN BAY ENERGY, LLC, 
 SOUTHERN BAY LOUISIANA, LLC, 

and 
 WESTERN STAR
DRILLING COMPANY, 
 as Guarantors 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Administrative Agent 
 COMERICA BANK,

 and 

BBVA COMPASS, 
 as
Co-Syndication Agents 
 U.S. BANK NATIONAL ASSOCIATION, 

and 
 THE FROST
NATIONAL BANK, 
 as Co-Documentation Agents 

and 
 THE LENDERS
SIGNATORY HERETO 
 $450,000,000 Senior Secured Revolving Credit Facility 

WELLS FARGO SECURITIES, LLC, 
 as Sole Lead Arranger and Sole Bookrunner 

 TABLE OF CONTENTS 

Page 
  

							
	 ARTICLE I. DEFINITIONS AND ACCOUNTING MATTERS
	  	 	2	  
	 Section 1.01
	 	Terms Defined Above	  	 	2	  
	 Section 1.02
	 	Certain Defined Terms	  	 	2	  
	 Section 1.03
	 	Accounting Terms and Determinations	  	 	17	  
	 Section 1.04
	 	Terms Generally	  	 	17	  
		
	 ARTICLE II. COMMITMENTS
	  	 	18	  
	 Section 2.01
	 	Loans and Letters of Credit	  	 	18	  
	 Section 2.02
	 	Borrowings, Continuations and Conversions, Letter of Credit Requests	  	 	19	  
	 Section 2.03
	 	Changes of Commitments	  	 	21	  
	 Section 2.04
	 	Fees	  	 	22	  
	 Section 2.05
	 	Prepayments	  	 	23	  
	 Section 2.06
	 	Borrowing Base	  	 	24	  
	 Section 2.07
	 	Letters of Credit	  	 	25	  
	 Section 2.08
	 	Lending Offices	  	 	27	  
	 Section 2.09
	 	Defaulting Lenders	  	 	27	  
		
	 ARTICLE III. PAYMENTS OF PRINCIPAL AND INTEREST
	  	 	29	  
	 Section 3.01
	 	Repayment of Loans	  	 	29	  
	 Section 3.02
	 	Interest	  	 	29	  
		
	 ARTICLE IV. PAYMENTS; PRO RATA TREATMENT; COMPUTATIONS; ETC.
	  	 	30	  
	 Section 4.01
	 	Payments Generally; Administrative Agent’s Clawback; Several Obligations	  	 	30	  
	 Section 4.02
	 	Pro Rata Treatment	  	 	32	  
	 Section 4.03
	 	Computations	  	 	32	  
	 Section 4.04
	 	Set-off, Sharing of Payments, Etc.	  	 	32	  
	 Section 4.05
	 	Taxes	  	 	33	  
		
	 ARTICLE V. CAPITAL ADEQUACY
	  	 	35	  
	 Section 5.01
	 	Increased Costs	  	 	35	  
	 Section 5.02
	 	Limitation on LIBOR Loans	  	 	36	  
	 Section 5.03
	 	Illegality	  	 	36	  
	 Section 5.04
	 	Compensation	  	 	37	  
	 Section 5.05
	 	Certificates of Lenders	  	 	37	  
	 Section 5.06
	 	Replacement Lenders; Mitigation Obligations	  	 	37	  
		
	 ARTICLE VI. CONDITIONS PRECEDENT
	  	 	39	  
	 Section 6.01
	 	Initial Funding	  	 	39	  
	 Section 6.02
	 	Initial and Subsequent Loans and Letters of Credit	  	 	40	  
	 Section 6.03
	 	Conditions Precedent for the Benefit of Lenders and Issuing Bank	  	 	41	  
	 Section 6.04
	 	No Waiver	  	 	41	  
		
	 ARTICLE VII. REPRESENTATIONS AND WARRANTIES
	  	 	41	  
	 Section 7.01
	 	Corporate Existence	  	 	41	  
	 Section 7.02
	 	Financial Condition	  	 	41	  
	 Section 7.03
	 	Litigation	  	 	42	  

  
 i 

 TABLE OF CONTENTS 

 

							
	 Section 7.04
	 	No Breach	  	 	42	  
	 Section 7.05
	 	Authority	  	 	42	  
	 Section 7.06
	 	Approvals	  	 	42	  
	 Section 7.07
	 	Use of Loans	  	 	42	  
	 Section 7.08
	 	ERISA	  	 	42	  
	 Section 7.09
	 	Taxes	  	 	43	  
	 Section 7.10
	 	Titles, etc.	  	 	44	  
	 Section 7.11
	 	No Material Misstatements	  	 	44	  
	 Section 7.12
	 	Regulated Entities	  	 	44	  
	 Section 7.13
	 	Subsidiaries and Other Equity Interests	  	 	45	  
	 Section 7.14
	 	Location of Business and Offices	  	 	45	  
	 Section 7.15
	 	Defaults	  	 	45	  
	 Section 7.16
	 	Environmental Matters	  	 	45	  
	 Section 7.17
	 	Compliance with the Law	  	 	46	  
	 Section 7.18
	 	Insurance	  	 	46	  
	 Section 7.19
	 	Hedging Agreements	  	 	47	  
	 Section 7.20
	 	Restriction on Liens	  	 	47	  
	 Section 7.21
	 	Material Agreements	  	 	47	  
	 Section 7.22
	 	Gas Imbalances	  	 	47	  
	 Section 7.23
	 	Relationship of Obligors	  	 	47	  
	 Section 7.24
	 	Solvency	  	 	48	  
		
	 ARTICLE VIII. AFFIRMATIVE COVENANTS
	  	 	48	  
	 Section 8.01
	 	Reporting Requirements	  	 	48	  
	 Section 8.02
	 	Litigation	  	 	49	  
	 Section 8.03
	 	Maintenance, Etc.	  	 	50	  
	 Section 8.04
	 	Environmental Matters	  	 	51	  
	 Section 8.05
	 	Further Assurances	  	 	51	  
	 Section 8.06
	 	Performance of Obligations	  	 	51	  
	 Section 8.07
	 	Engineering Reports	  	 	51	  
	 Section 8.08
	 	Title Information	  	 	52	  
	 Section 8.09
	 	Additional Collateral	  	 	53	  
	 Section 8.10
	 	ERISA Information and Compliance	  	 	53	  
		
	 ARTICLE IX. NEGATIVE COVENANTS
	  	 	54	  
	 Section 9.01
	 	Debt	  	 	54	  
	 Section 9.02
	 	Liens	  	 	54	  
	 Section 9.03
	 	Investments, Loans and Advances	  	 	55	  
	 Section 9.04
	 	Dividends, Distributions and Redemptions	  	 	55	  
	 Section 9.05
	 	Sales and Leasebacks	  	 	56	  
	 Section 9.06
	 	Nature of Business	  	 	56	  
	 Section 9.07
	 	Limitation on Leases	  	 	56	  
	 Section 9.08
	 	Mergers, Etc.	  	 	56	  
	 Section 9.09
	 	Proceeds of Loans and Letters of Credit	  	 	56	  
	 Section 9.10
	 	ERISA Compliance	  	 	56	  
	 Section 9.11
	 	Sale or Discount of Receivables	  	 	57	  
	 Section 9.12
	 	Current Ratio	  	 	57	  
	 Section 9.13
	 	Funded Debt to EBITDAX	  	 	58	  
	 Section 9.14
	 	Sale of Oil and Gas Properties	  	 	58	  
	 Section 9.15
	 	Environmental Matters	  	 	58	  

  
 ii 

 TABLE OF CONTENTS 

 

							
	 Section 9.16
	 	Transactions with Affiliates	  	 	58	  
	 Section 9.17
	 	Subsidiaries	  	 	58	  
	 Section 9.18
	 	Negative Pledge Agreements	  	 	59	  
	 Section 9.19
	 	Gas Imbalances, Take-or-Pay or Other Prepayments	  	 	59	  
	 Section 9.20
	 	Accounting Changes	  	 	59	  
	 Section 9.21
	 	Constituent Documents	  	 	59	  
	 Section 9.22
	 	Restructuring of Hedging Agreements	  	 	59	  
		
	 ARTICLE X. EVENTS OF DEFAULT; REMEDIES
	  	 	59	  
	 Section 10.01
	 	Events of Default	  	 	59	  
	 Section 10.02
	 	Remedies	  	 	61	  
		
	 ARTICLE XI. ADMINISTRATIVE AGENT
	  	 	62	  
	 Section 11.01
	 	Appointment and Authority	  	 	62	  
	 Section 11.02
	 	Rights as a Lender	  	 	62	  
	 Section 11.03
	 	Exculpatory Provisions	  	 	62	  
	 Section 11.04
	 	Reliance by Administrative Agent	  	 	63	  
	 Section 11.05
	 	Delegation of Duties	  	 	63	  
	 Section 11.06
	 	Resignation of Administrative Agent	  	 	63	  
	 Section 11.07
	 	Non-Reliance on Administrative Agent and Other Lenders	  	 	64	  
	 Section 11.08
	 	No Other Duties, Etc.	  	 	64	  
	 Section 11.09
	 	Administrative Agent May File Proofs of Claim	  	 	65	  
	 Section 11.10
	 	Collateral and Guaranty Matters	  	 	65	  
		
	 ARTICLE XII. MISCELLANEOUS
	  	 	66	  
	 Section 12.01
	 	Waiver	  	 	66	  
	 Section 12.02
	 	Notices; Effectiveness; Electronic Communication	  	 	66	  
	 Section 12.03
	 	Payment of Expenses, Indemnities, Damage Waiver	  	 	67	  
	 Section 12.04
	 	Amendments, Etc.	  	 	69	  
	 Section 12.05
	 	Successors and Assigns	  	 	69	  
	 Section 12.06
	 	Invalidity	  	 	72	  
	 Section 12.07
	 	Counterparts; Integration; Effectiveness; Electronic Execution	  	 	72	  
	 Section 12.08
	 	Survival	  	 	73	  
	 Section 12.09
	 	Captions	  	 	73	  
	 Section 12.10
	 	No Oral Agreements	  	 	73	  
	 Section 12.11
	 	Governing law, Submission to Jurisdiction	  	 	73	  
	 Section 12.12
	 	Interest	  	 	74	  
	 Section 12.13
	 	Confidentiality	  	 	75	  
	 Section 12.14
	 	Disposition of Proceeds	  	 	76	  
	 Section 12.15
	 	USA Patriot Act Notice	  	 	76	  
	 Section 12.16
	 	True-Up Loans	  	 	76	  
	 Section 12.17
	 	Collateral Matters; Hedging Agreements	  	 	76	  
	 Section 12.18
	 	Restatement; Existing Credit Agreement	  	 	77	  

  
 iii

 TABLE OF CONTENTS 

 

			
	ANNEX	  	
		
	Annex I	  	List of Percentage Shares and Maximum Credit Amounts
		
	EXHIBITS	  	
		
	Exhibit A	  	 Form of Note

	Exhibit B	  	Form of Borrowing, Continuation and Conversion Request
	Exhibit C	  	Form of Compliance Certificate
	Exhibit D	  	Security Instruments
	Exhibit E	  	Form of Assignment Agreement
		
	SCHEDULES	  	
		
	Schedule 7.02	  	Liabilities
	Schedule 7.03	  	Litigation
	Schedule 7.09	  	Taxes
	Schedule 7.15	  	Place of Organization
	Schedule 7.16	  	Environmental Matters
	Schedule 7.18	  	Insurance
	Schedule 7.19	  	Hedging Agreements
	Schedule 7.21	  	Material Agreements
	Schedule 7.22	  	Gas Imbalances, Gas Balancing Status of Operating Subsidiaries of GeoResources, Inc.
	Schedule 9.01	  	Debt
	Schedule 9.02	  	Liens
	Schedule 9.03	  	Investments, Loans and Advances
	Schedule 12.02	  	Notices

  
 iv 

 THIS THIRD AMENDED AND RESTATED CREDIT AGREEMENT dated as of November 9, 2011,
among GEORESOURCES, INC., a Colorado corporation (the “Borrower”), AROC (TEXAS), INC., a Texas corporation (“AROC Texas”), CATENA OIL & GAS LLC, a Texas limited liability
company (“Catena”), G3 ENERGY, LLC, a Colorado limited liability company (“G3 Energy”), G3 OPERATING, LLC, a Colorado limited liability company (“G3 Operating”),
SOUTHERN BAY OPERATING, L.L.C., a Texas limited liability company (“SB Operating”), SOUTHERN BAY ENERGY, LLC, a Texas limited liability company (“SB Energy”), SOUTHERN BAY
LOUISIANA, LLC, a Texas limited liability company (“SB Louisiana”), and WESTERN STAR DRILLING COMPANY, a North Dakota corporation (“Western Drilling”), (AROC Texas, Catena, G3 Energy, G3
Operating, SB Operating, SB Energy, SB Louisiana, and Western Drilling are collectively, the “Guarantors”), each of the lenders that is a signatory hereto or which becomes a signatory hereto as provided in
Section 12.05 (individually, together with its successors and assigns, a “Lender” and, collectively, the “Lenders”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as
administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity the “Administrative Agent”) and as issuing bank (in such capacity, together with its successors and assigns in
such capacity, the “Issuing Bank”). 
 A. Borrower, Administrative Agent and the financial institutions
named and defined therein as Lenders (the “Existing Lenders”) are parties to that certain Second Amended and Restated Credit Agreement dated as of July 13, 2009 (as amended, modified or supplemented prior to the date
hereof, the “Existing Credit Agreement”), pursuant to which the Existing Lenders provided certain loans and extensions of credit to Borrower (all Debt arising pursuant to the Existing Credit Agreement is referred to herein as
the “Existing Indebtedness”). 
 B. The parties hereto desire to amend and restate the Existing Credit
Agreement in the form of this Agreement, and Borrowers desire to obtain Loans (i) to refinance the Existing Indebtedness, and (ii) for other purposes permitted hereunder. 

C. After giving effect to the amendment and restatement of the Existing Credit Agreement pursuant to the terms hereof, the Maximum Credit
Amount of each Lender hereunder will be as set forth on Annex I. 
 NOW THEREFORE, in consideration of the mutual
covenants and agreements herein contained, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and subject to the satisfaction of each condition precedent contained in Section 6.01
hereof, the parties hereto agree that the Existing Credit Agreement is hereby amended, renewed, extended and restated in its entirety on (and subject to) the terms and conditions set forth herein. It is the intention of the parties hereto that this
Agreement supersedes and replaces the Existing Credit Agreement in its entirety; provided, that, (i) such amendment and restatement shall operate to renew, amend, modify and extend certain of the rights and obligations of the
Obligors under the Existing Credit Agreement and as provided herein, but shall not act as a novation thereof, and (ii) the Liens securing the Indebtedness under and as defined in the Existing Credit Agreement and the liabilities and obligations
of the Obligors under the Existing Credit Agreement and the Loan Documents (as therein defined and referred to herein as the “Existing Loan Documents”) shall not be extinguished but shall be carried forward and shall secure
such obligations and liabilities as amended, renewed, extended and restated hereby. The parties hereto ratify and confirm each of the Existing Loan Documents entered into prior to the Closing Date (but excluding the Existing Credit Agreement) and
agree that such Existing Loan Documents continue to be legal, valid, binding and enforceable in accordance with their terms (except to the extent amended, restated and superseded in their entirety in connection with the transactions contemplated
hereby), however, for all matters arising prior to the Closing Date (including the accrual and payment of interest and fees, and matters relating to indemnification and compliance with financial covenants), the terms of the Existing

 
Credit Agreement (as unmodified by this Agreement) shall control and are hereby ratified and confirmed. Borrower represents and warrants that, as of the Closing Date, there are no claims or
offsets against, or defenses or counterclaims to, its obligations (or the obligations of any Subsidiary) under the Existing Credit Agreement or any of the other Existing Loan Documents. The parties hereto further agree as follows: 

ARTICLE I. 

DEFINITIONS AND ACCOUNTING MATTERS 
 Section 1.01 Terms Defined Above. The following terms have the following meanings: 

As used in this Agreement, the terms “Administrative Agent,” “AROC Texas,” “Borrower,” “Catena,” “Existing
Credit Agreement,” “Existing Indebtedness,” “Existing Lenders,” “Existing Loan Documents,” “G3 Energy,” “G3 Operating,” “Lender,” “Lenders,” “SB Operating,”
“SB Energy,” “SB Louisiana,” and “Western Drilling” shall have the meanings indicated above. 

Section 1.02 Certain Defined Terms. The following terms have the following meanings: 

“Acquisition” means any transaction or series of related transactions for the purpose of or resulting, directly or
indirectly, in (a) the acquisition of all or substantially all of the assets of a Person, or of any business unit or division of a Person, (b) the acquisition of in excess of 50% of the capital stock of a corporation (or similar entity),
which stock has ordinary voting power for the election of the members of such entity’s board of directors or persons exercising similar functions (other than stock having such power only by reason of the happening of a contingency), or the
acquisition of in excess of 50% of the partnership interests or equity of any Person not a corporation which acquisition gives the acquiring Person the power to direct or cause the direction of the management and policies of such Person, or
(c) a merger or consolidation or any other combination with another Person provided that Borrower is the surviving entity. 

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

 “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly
through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Aggregate Commitment” means the sum of the Commitments of all Lenders; provided that the initial Aggregate
Commitment is $180,000,000. The Aggregate Commitment may be reduced or increased pursuant to Section 2.03; provided that in no event shall the Aggregate Commitment exceed the lesser of the Aggregate Maximum Credit Amount and the
Borrowing Base. If at any time the Borrowing Base is reduced below the Aggregate Commitment in effect prior to such reduction, the Aggregate Commitment shall be reduced automatically to the amount of the Borrowing Base in effect at such time.

 “Aggregate Maximum Credit Amount” means at any time the sum of the Maximum Credit Amounts of the
Lenders. 
 “Agreement” means this Credit Agreement, as the same may from time to time be amended,
supplemented and restated. 

  
 2 

 “Applicable Lending Office” means, for each Lender and for each Type
of Loan, the lending office of such Lender (or an Affiliate of such Lender) designated for such Type of Loan on the signature pages hereof or such other offices of such Lender (or of an Affiliate of such Lender) as such Lender may from time to time
specify to Administrative Agent and Borrower as the office by which its Loans of such Type are to be made and maintained. 

“Applicable Margin” means the applicable per annum percentage set forth at the appropriate intersection in the
table shown below, based on the Borrowing Base Utilization as in effect from time to time: 
  

									
	  	  	Applicable Margin	 
	 Borrowing Base Utilization
	  	LIBOR Loans	 	 	Base Rate Loans	 
	 Less than 25%
	  	 	1.75	% 	 	 	0.75	% 
	 Greater than or equal to 25%, but less than 50%
	  	 	2.00	% 	 	 	1.00	% 
	 Greater than or equal to 50%, but less than 75%
	  	 	2.25	% 	 	 	1.25	% 
	 Greater than or equal to 75%, but less than 90%
	  	 	2.50	% 	 	 	1.50	% 
	 Greater than or equal to 90%
	  	 	2.75	% 	 	 	1.75	% 

 Each change in the Applicable Margin resulting from a change in the Borrowing Base Utilization shall take effect on the
day such change in the Borrowing Base Utilization occurs. 
 “Approved Fund” means any
Fund that is administered or managed by (i) a Lender (other than a Defaulting Lender), (ii) an Affiliate of a Lender (other than a Defaulting Lender) or (iii) an entity or an Affiliate of an entity that administers or manages a Lender
(other than a Defaulting Lender). 
 “Assignee Group” means two or more
Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor. 
 “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by
Section 12.05(b)), and accepted by Administrative Agent, in substantially the form of Exhibit E or any other form approved by Administrative Agent. 

“Available Borrowing Base” means, at the particular time in question, the lesser of the Borrowing Base and
Aggregate Commitment then in effect, minus the Effective Amount at such time. 
 “Bankruptcy
Code” means the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et seq.), as amended, and regulations promulgated thereunder. 

“Base Rate” means, with respect to any Base Rate Loan, for any day, a rate per annum equal to
the highest of (i) the Federal Funds Rate for any such day plus 1/2 of 1%,
(ii) the Prime Rate for such day, 

  
 3 

 
or (iii) the LIBOR for a one month Interest Period on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1%, provided that, for the avoidance of
doubt, the LIBOR for any day shall be based on the rate appearing on the Dow Jones Market Service Page 3750 (or on any successor or substitute page of such page) at approximately 11:00 a.m. London time on such day. Each change in any interest rate
provided for herein based upon the Base Rate resulting from a change in the Base Rate shall take effect at the time of such change in the Base Rate. 
 “Base Rate Loan” means a Loan that bears interest at rates based upon the Base Rate plus the Applicable Margin. 

“Borrowing Base” means at the particular time in question, the amount provided for in
Section 2.06, provided, however, in no event shall the Borrowing Base ever exceed the Aggregate Maximum Credit Amount. 
 “Borrowing Base Deficiency” means, and occurs at any time when, the amount by which, the Effective Amount exceeds the Borrowing Base then in effect, whether as the result of a
redetermination, a scheduled reduction, or otherwise. 
 “Borrowing Base Period” means the period from
the Closing Date to May 1, 2012, and thereafter each six-month period between Scheduled Redetermination Dates. 

“Borrowing Base Utilization” means at any time, an amount equal to the quotient of (i) the aggregate
principal amount of Loans outstanding plus LC Exposure, divided by (ii) the Borrowing Base. 
 “Business
Day” means any day other than a Saturday, Sunday or other day on which commercial banks in Texas are authorized or required by law to close and, if the applicable Business Day relates to any LIBOR Loan, means such day on which dealings
in Dollar deposits are carried out in the London interbank market. 
 “Change in Law”
means the occurrence, after the date of this Agreement, of any of the following: (i) the adoption or taking effect of any law, rule, regulation or treaty, (ii) any change in any law, rule, regulation or treaty or in the administration,
interpretation or application thereof by any Governmental Authority or (iii) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding
anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or
directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in
each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 
 “Change of Control” means the occurrence of any of the following events: (a) any Person or two or more Persons, other than any Affiliate of Borrower, acting as a group shall
acquire beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Exchange Act, and including holding proxies to vote for the election of directors other than proxies held by Borrower’s
management or their designees to be voted in favor of persons nominated by Borrower’s Board of Directors) of 35% or more of the outstanding voting securities of Borrower, measured by voting power (including both ordinary shares and any
preferred stock or other equity securities entitling the holders thereof to vote with the holders of common stock in elections for directors of Borrower), (b) a majority of the directors/managers of Borrower shall consist of persons not
nominated by Borrower’s directors/managers (not including as Board nominees any directors which the Board is obligated to nominate pursuant to shareholders agreements, voting trust arrangements or similar arrangements), or (c) liquidation
or dissolution of Borrower. 

  
 4 

 “Closing Date” means the date on which all of the conditions
precedent under Section 6.01 are satisfied or waived by the Lenders. 
 “Code” means
the Internal Revenue Code of 1986, as amended, and regulations promulgated thereunder, and any successor statute or regulations. 
 “Commitment” means, as to each Lender, such Lender’s obligation to make Loans and participate in Letters of Credit up to the lesser of such Lender’s (i) Maximum
Credit Amount and (ii) Percentage Share of the lesser of (x) then effective Borrowing Base and the (y) Aggregate Commitment. 
 “Commitment Fee Rate” means the applicable per annum percentage set forth at the appropriate intersection in the table shown below, based on the Borrowing Base Utilization as in
effect from time to time: 
  

					
	 Borrowing Base Utilization
	  	Commitment Fee Rate	 
	 Less than 50%
	  	 	.375	% 
	 Greater than or equal to 50%
	  	 	.500	% 

 “Consolidated Net Income” means with respect to Borrower and its Consolidated
Subsidiaries, for any period, the aggregate of the net income (or loss) of Borrower and its Consolidated Subsidiaries after allowances for taxes for such period, determined on a consolidated basis in accordance with GAAP; provided that there shall
be excluded from such net income (to the extent otherwise included therein) the following: (i) the net income of any Person in which Borrower or any Consolidated Subsidiary has an interest (which interest does not cause the net income of such
other Person to be consolidated with the net income of Borrower and its Consolidated Subsidiaries in accordance with GAAP) or the net income of any Unrestricted Subsidiary, except to the extent of the amount of dividends or distributions actually
paid in such period by such other Person or such Unrestricted Subsidiary to Borrower or to a Consolidated Subsidiary, as the case may be; (ii) the net income (but not loss) of any Consolidated Subsidiary to the extent that the declaration or
payment of dividends or similar distributions or transfers or loans by that Consolidated Subsidiary is not at the time permitted by operation of the terms of its charter or any agreement, instrument or Governmental Requirement applicable to such
Consolidated Subsidiary, or is otherwise restricted or prohibited in each case determined in accordance with GAAP; (iii) the net income (or loss) of any Person acquired in a pooling-of-interests transaction for any period prior to the date of
such transaction; (iv) any extraordinary gains or losses, including gains or losses attributable to Property sales not in the ordinary course of business (v) any unrealized gains or losses on Hedging Agreements; and (vi) the
cumulative effect of a change in accounting principles and any gains or losses attributable to writeups or write downs of assets, including but not limited to property impairment charges. 

“Consolidated Subsidiaries” means each Subsidiary of a Person (whether now existing or hereafter created or
acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of such Person in accordance with GAAP. 
 “Control” means the possession, directly or indirectly of the power to direct or cause the direction of the management or policies of a Person, whether through the
ability to exercise voting power, by contact or otherwise. “Controlling” and “Controlled” shall have correlative meanings thereto.  

  
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 “Conversion/Continuation Date” means any date on
which, under Section 2.02, Borrower (a) converts Base Rate Loans to LIBOR Loans, or (b) continues LIBOR Loans having Interest Periods expiring on such date as LIBOR Loans, with a new Interest Period.

 “Debt” means, for any Person the sum of the following (without duplication): (i) all
obligations of such Person for borrowed money or evidenced by bonds, debentures, notes or other similar instruments (including principal, interest, fees and charges); (ii) all obligations of such Person (whether contingent or otherwise) in
respect of bankers’ acceptances, letters of credit, surety or other bonds and similar instruments; (iii) all obligations of such Person to pay the deferred purchase price of Property or services (other than for borrowed money);
(iv) all obligations under leases which shall have been, or should have been, in accordance with GAAP, recorded as capital leases in respect of which such Person is liable (whether contingent or otherwise); (v) all obligations under
operating leases which require such Person or its Affiliate to make payments over the term of such lease, including payments at termination, based on the purchase price or appraisal value of the Property subject to such lease plus a marginal
interest rate, and used primarily as a financing vehicle for, or to monetize, such Property; (vi) all Debt (as described in the other clauses of this definition) and other obligations of others secured by a Lien on any asset of such Person,
whether or not such Debt is assumed by such Person; (vii) all Debt (as described in the other clauses of this definition) and other obligations of others guaranteed by such Person or in which such Person otherwise assures a creditor against
loss of the debtor or obligations of others; (viii) all obligations or undertakings of such Person to maintain or cause to be maintained the financial position or covenants of others or to purchase the Debt or Property of others;
(ix) obligations to deliver goods or services including Hydrocarbons in consideration of advance payments, except as permitted by Section 9.19 and disclosed by Section 8.07(c); (x) obligations to pay
for goods or services whether or not such goods or services are actually received or utilized by such Person; (xi) any capital stock of such Person in which such Person has a mandatory obligation to redeem such stock; (xii) any Debt of a
Subsidiary for which such Person is liable either by agreement or because of a Governmental Requirement; (xiii) the undischarged balance of any production payment created by such Person or for the creation of which such Person directly or
indirectly received payment; and (xiv) all obligations of such Person under Hedging Agreements. 
 “Debtor
Relief Law” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar
debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally. 
 “Default” means an Event of Default or an event which with notice or lapse of time or both would become an Event of Default. 

“Defaulting Lender” means any Lender, as reasonably determined by Administrative Agent, that (a) has failed
to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies Administrative Agent and 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
Administrative Agent, Issuing Bank or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit) within two Business Days of the date when due, (b) has notified
Borrower, Administrative Agent or Issuing Bank 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) 

  
 6 

 
cannot be satisfied), (c) has failed, within three Business Days after written request by Administrative Agent or Borrower, to confirm in writing to Administrative Agent and Borrower that it
will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by Administrative Agent and Borrower), or
(d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, or (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for
the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity;
provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership
interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental
Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by Administrative Agent that a Lender is a Defaulting Lender under clauses (a) through (d) above shall be conclusive
and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender upon delivery of written notice of such determination to Borrower, Issuing Bank and each Lender 

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

“EBITDAX” means, for any period, the sum of Consolidated Net Income for such period plus the following expenses
or charges to the extent deducted from Consolidated Net Income in such period: interest, income taxes, depreciation, depletion, amortization and exploration. EBITDAX shall be adjusted on a pro forma basis to reflect the effect of material
Acquisitions and divestitures, including adjustments for restructured or new Hedging Agreements entered into in connection therewith. 
 “Effective Amount” means on any date, the aggregate outstanding principal amount of all Loans after giving effect to any prepayments or repayments of Loans occurring on such date,
plus the LC Exposure. 
 “Eligible Assignee” means (a) a Lender, (b) an Affiliate of a
Lender, (c) an Approved Fund, and (d) any other Person (other than a natural person) approved by (i) Administrative Agent, (ii) in the case of any assignment of a Commitment, Issuing Bank, and (iii) unless an Event of
Default has occurred and is continuing, Borrower (each such approval not to be unreasonably withheld or delayed); provided, that, notwithstanding the foregoing, “Eligible Assignee” shall not include Borrower or any of
Borrower’s Affiliates, Subsidiaries or Unrestricted Subsidiaries. 
 “Engineering Reports” has the
meaning assigned such term in Section 2.06. 
 “Environmental Laws” means all
federal, state or local laws, statutes, common law duties, rules, regulations, ordinances and codes, together with all administrative orders, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authorities, in
each case having the force and effect of law and relating to environmental, 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 Borrower, any other Obligor or any of their respective Subsidiaries 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. 

  
 7 

 “ERISA” means the Employee Retirement Income Security Act of 1974,
as amended, any successor statute, and regulations promulgated thereunder. 
 “ERISA Affiliate” mean
each trade or business (whether or not incorporated) which together with Borrower or any Subsidiary would be deemed to be a “single employer” within the meaning of section 4001(b)(1) of ERISA or subsections (b), (c),
(m) or (o) of section 414 of the Code. 
 “ERISA Event” means (i) a
“Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder, (ii) the withdrawal of Borrower, any Subsidiary or any ERISA Affiliate from a Plan during a plan year in which it was a
“substantial employer” as defined in Section 4001(a)(2) of ERISA, (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA,
(iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer,
any Plan. 
 “Event of Default” means any of the events or circumstances specified in
Section 10.01. 
 “Excepted Liens” means: (i) Liens for Taxes, assessments or
other governmental charges or levies not yet due or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained; (ii) Liens in connection with worker’s compensation, unemployment
insurance or other social security, old age pension or public liability obligations not yet due or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP;
(iii) operators’ Liens in favor of Persons other than Obligors and Subsidiaries, vendors’, carriers’, warehousemen’s, repairmen’s, mechanics’, workmen’s, materialmen’s, construction or other like Liens
arising by operation of law in the ordinary course of business or incident to the exploration, development, operation and maintenance of Oil and Gas Properties or statutory landlord’s liens, each of which is in respect of obligations that have
not been outstanding more than 90 days or which are being contested in good faith by appropriate proceedings and for which adequate reserves have been maintained in accordance with GAAP; (iv) any Liens reserved in leases or farmout agreements
for rent or royalties and for compliance with the terms of the farmout agreements or leases in the case of leasehold estates, to the extent that any such Lien referred to in this clause does not materially impair the use or value of such Property
subject thereto; (v) encumbrances (other than to secure the payment of borrowed money or the deferred purchase price of Property or services), easements, restrictions, servitudes, permits, conditions, covenants, exceptions or reservations in
any rights of way or other Property of any Obligor or any Subsidiary for the purpose of roads, pipelines, transmission lines, transportation lines, distribution lines for the removal of gas, oil, or timber, and other like purposes, or for the joint
or common use of real estate, rights of way, facilities and equipment, and defects, irregularities, zoning restrictions and deficiencies in title of any rights of way or other Property which in the aggregate do not materially impair the use or value
of such Property subject thereto; (vi) deposits of cash or securities to secure the performance of bids, trade contracts, leases, statutory obligations and other obligations of a like nature incurred in the ordinary course of business; and
(vii) Liens permitted by the Security Instruments. 
 “Excluded Taxes” means, with respect to
Administrative Agent, any Lender, Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of Borrower hereunder, (i) taxes imposed on or measured by its overall net income (however denominated), and
franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of

  
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any Lender, in which its applicable Lending Office is located, (ii) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which
Borrower is located and (iii) in the case of a Foreign Lender (other than an assignee pursuant to a request by Borrower under Section 10.13), any withholding tax that is imposed on amounts payable to such Foreign Lender at
the time such Foreign Lender becomes a party hereto (or designates a new Lending Office) or is attributable to such Foreign Lender’s failure or inability (other than as a result of a Change in Law) to comply with
Section 3.01(e), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new Lending Office (or assignment), to receive additional amounts from Borrower with respect to
such withholding tax pursuant to Section 3.01(a). 
 “FATCA” means Sections 1471
through 1474 of the Code and any regulations or official interpretations thereof. 
 “Federal Funds
Rate” means, for any day, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System
arranged by federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (i) if the date for which such rate is to be determined is not a Business Day, the
Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (ii) if no such rate is so published on such next succeeding Business Day, the
Federal Funds Rate for such day shall be the average rate charged to Administrative Agent on such day on such transactions as determined by Administrative Agent. 
 “Fee Letter” means that certain Fee Letter dated October 19, 2011, by and among Borrower, Administrative Agent and Wells Fargo Securities, LLC. 

“Financial Statements” means the financial statement or statements of Borrower and its Consolidated Subsidiaries
described or referred to in Section 7.02. 
 “Foreign Lender” means any Lender that
is organized under the laws of a jurisdiction other than that in which Borrower is resident for tax purposes. For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute a single
jurisdiction. 
 “Fund” means any Person (other than a natural person) that is (or will be) engaged in
making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 
 “Funded Debt” means, for any Person the sum of the following (without duplication): (i) all obligations of such Person for borrowed money or evidenced by bonds, debentures,
notes or other similar instruments (including principal, interest, fees and charges); (ii) all obligations of such Person (whether contingent or otherwise) in respect of bankers’ acceptances, letters of credit, surety or other bonds and
similar instruments; (iii) all obligations of such Person to pay the deferred purchase price of Property or services (other than for borrowed money); (iv) all obligations under leases which shall have been, or should have been, in
accordance with GAAP, recorded as capital leases in respect of which such Person is liable (whether contingent or otherwise); (v) all obligations to pay for goods or services whether or not such goods or services are actually received or
utilized by such Person; (vi) any capital stock of such Person in which such Person has a mandatory obligation to redeem such stock; (vii) the undischarged balance of any production payment created by such Person or for the creation of
which such Person directly or indirectly received payment; provided, however, that Funded Debt shall exclude (i) all obligations of such Person under Hedging Agreements; (ii) “asset retirement obligations,” as such
term is used in FAS 133 or SFAS 143, to the extent such asset retirement obligations relate to the plugging and 

  
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abandonment of wells; (iii) accounts payable and other accrued liabilities (for the deferred purchase price of Property or services) from time to time incurred in the ordinary course of
business, which are not greater than ninety (90) days past the date of invoice or delinquent or which are being contested in good faith, by appropriate action and for which adequate reserves have been maintained in accordance with GAAP, and
(iv) deferred income tax liabilities. 
 “GAAP” means generally accepted accounting principles in
the United States in effect from time to time. 
 “Governmental Authority” means the government of the
United States of America or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative,
judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Governmental Requirement” means any law, statute, code, ordinance, order, determination, rule, regulation,
judgment, decree, injunction, franchise, permit, certificate, license, authorization or other directive or requirement (whether or not having the force of law), including, without limitation, Environmental Laws, energy regulations and occupational,
safety and health standards or controls, of any Governmental Authority. 
 “Guarantor” means each of the
parties named as “Guarantors” in the opening paragraph of this Agreement and each party that from time to time becomes a party to a Guaranty Agreement pursuant to the terms of this Agreement. 

“Guaranty Agreement” means an agreement executed by a Guarantor in form and substance satisfactory to
Administrative Agent guarantying, unconditionally, payment of the Indebtedness, as the same may be amended, modified or supplemented from time to time. 
 “Hazardous Materials” means any substance regulated or as to which liability might arise under any applicable Environmental Law and including, without limitation:
(a) any chemical, compound, material, product, byproduct, substance or waste defined as or included in the definition or meaning of “hazardous substance,” “hazardous material,” “hazardous waste,” “solid
waste,” “toxic waste,” “extremely hazardous substance,” “toxic substance,” “contaminant,” “pollutant,” or words of similar meaning or import found in any applicable Environmental Law;
(b) petroleum hydrocarbons, petroleum products, petroleum substances, natural gas, oil, oil and gas waste, crude oil, and any components, fractions, or derivatives thereof; and (c) radioactive materials, asbestos containing materials in a
friable condition, polychlorinated biphenyls, or radon. 
 “Hedging Agreements” means all
futures contracts, forward contracts, swap, cap or collar contracts, option contracts, hedging contracts or other derivative contracts or similar agreements covering oil and gas commodities, electricity prices, or prices or financial, monetary or
interest rate instruments, and any and all trades, confirmations, and transactions entered into pursuant thereto. 

“Highest Lawful Rate” means, as of a particular date, the highest non-usurious rate of interest, if any,
permitted from day to day by applicable law. To the extent Texas law is applicable, the Lenders hereby notify and disclose to Borrower that, for purposes of Texas Finance Code §303.001, as it may from time to time be amended, the
“applicable ceiling” shall be the “weekly ceiling” from time to time in effect as limited by Texas Finance Code §303.009; provided, however, that to the extent permitted by applicable law,
Administrative Agent reserve the right to change the “applicable ceiling” from time to time by further notice and disclosure to Borrower. 

  
 10 

 “Hydrocarbon Interests” means all rights, titles, interests and
estates now or hereafter acquired in and to oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment
interests, including any reserved or residual interests of whatever nature. 
 “Hydrocarbons” means oil,
gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom. 
 “Indebtedness” means any and all amounts owing or to be owing by Borrower or any Subsidiary to Administrative Agent, Issuing Bank and/or the Lenders in connection with the Loan
Documents, any Letter of Credit Agreements, any Hedging Agreements now or hereafter arising between Borrower or any Subsidiary and any Lender or its Affiliate and permitted by the terms of this Agreement, and all renewals, extensions and/or
rearrangements of any of the foregoing. 
 “Indemnified Taxes” means Taxes other than Excluded Taxes.

 “Indemnitees” has the meaning specified in Section 12.03(b). 

“Information” has the meaning specified in Section 12.13. 

“Initial Borrowing Base” has the meaning assigned such term in Section 2.06(a). 

“Initial Funding” means the funding of the initial Loans or issuance of the initial Letters of Credit upon
satisfaction of the conditions set forth in Sections 6.01 and 6.02. 
 “Initial Reserve
Report” means the Reserve Report dated as of June 30, 2011, delivered by Borrower to Administrative Agent. 

“Interest Period” means, as to any LIBOR Loan, the period commencing on the date such LIBOR Loan is made or on
the Conversion/Continuation Date on which a Base Rate Loan is converted into or a LIBOR Loan is continued as a LIBOR Loan and ending on the numerically corresponding day in the first, second, third, or sixth calendar month thereafter, as Borrower
may select as provided in Section 2.02, except that each Interest Period which commences on the last Business Day of a calendar month (or on any day for which there is no numerically corresponding day in the appropriate subsequent
calendar month) shall end on the last Business Day of the appropriate subsequent calendar month. Notwithstanding the foregoing: (i) no Interest Period may end after the Termination Date; (ii) no Interest Period for any LIBOR Loan may end
after the due date of any installment, if any, provided for in Section 3.01 to the extent that such LIBOR Loan would need to be prepaid prior to the end of such Interest Period in order for such installment to be paid when due;
(iii) each Interest Period which would otherwise end on a day which is not a Business Day shall end on the next succeeding Business Day (or, if such next succeeding Business Day falls in the next succeeding calendar month, on the next preceding
Business Day); and (iv) no Interest Period shall have a duration of less than one month and, if the Interest Period for any LIBOR Loans would otherwise be for a shorter period, such Loans shall not be available hereunder. 

“Issuing Bank” has the meaning assigned to such term in the introductory paragraph to this Agreement, and
includes any other Lender agreed to between Borrower and Administrative Agent to issue Letters of Credit. 
 “LC
Commitment” means, at any time, $15,000,000. 

  
 11 

 “LC Exposure” means, at any time, the sum of (i) the aggregate
face amount of all undrawn and uncancelled Letters of Credit plus (ii) the aggregate of all amounts drawn under all Letters of Credit and not yet reimbursed. 
 “Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other
office or offices as a Lender may from time to time notify Borrower and Administrative Agent. 

“Letter of Credit Agreements” means the written agreements with Issuing Bank, as issuing lender for any Letter of
Credit, executed in connection with the issuance by Issuing Bank of the Letters of Credit, such agreements to be on Issuing Bank’s customary form for letters of credit of comparable amount and purpose as from time to time in effect or as
otherwise agreed to by Borrower and Issuing Bank. 
 “Letters of Credit” means the stand-by letters of
credit issued pursuant to Section 2.01(b) and all reimbursement obligations pertaining to any such letters of credit, and “Letter of Credit” means any one of the Letters of Credit and the reimbursement
obligations pertaining thereto. 
 “LIBOR” means the rate per annum (rounded upwards, if necessary, to
the nearest 1/100 of 1%) of interest determined on the basis of the rate for deposits in Dollars for a period equal to the applicable Interest Period commencing on the first day of such Interest Period appearing on Dow Jones Market Service Page 3750
as of 11:00 a.m. (London time) two (2) Business Days prior to the first day of the applicable Interest Period. In the event that such rate does not appear on Dow Jones Market Service Page 3750, “LIBOR” shall be
determined by Administrative Agent to be the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) at which deposits in Dollars are offered by leading reference banks in the London interbank market to Administrative Agent at
approximately 11:00 a.m. (London time) two Business Days prior to the first day of the applicable Interest Period for a period equal to such Interest Period and in an amount substantially equal to the amount of the applicable Loan. 

“LIBOR” means, with respect to any LIBOR Loan, a rate per annum (rounded upwards, if necessary, to the nearest
1/100 of 1%) determined by Administrative Agent to be equal to the quotient of (i) LIBOR for such Loan for the Interest Period for such Loan divided by (ii) 1 minus the Reserve Requirement for such Loan for such Interest Period.

 “LIBOR Loan” means a Loan that bears interest based on LIBOR plus the Applicable Margin.

 “Lien” means any interest in Property securing an obligation owed to, or a claim by, a Person other
than the owner of the Property, whether such interest is based on the common law, statute or contract, and whether such obligation or claim is fixed or contingent, and including but not limited to (i) the lien or security interest arising from
a mortgage, encumbrance, pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes or (ii) production payments and the like payable out of Oil and Gas Properties. The term
“Lien” shall include reservations, exceptions, encroachments, easements, rights of way, covenants, conditions, restrictions, leases and other title exceptions and encumbrances affecting Property. For the purposes of this
Agreement, each Obligor and Subsidiary shall be deemed to be the owner of any Property which it has acquired or holds subject to a conditional sale agreement, or leases under a financing lease or other arrangement pursuant to which title to the
Property has been retained by or vested in some other Person in a transaction intended to create a financing. 

“Loan” means each loan as provided for by Section 2.01(a). 

  
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 “Loan Document” means this Agreement, the Notes (if any), the
Guaranty Agreements, each Letter of Credit, each Letter of Credit Agreement, the Security Instruments, the Fee Letter, together, in each case, with all exhibits, schedules and attachments thereto, and all other agreements, documents or instruments
from time to time executed or delivered in connection with or pursuant to any of the foregoing, and any amendments or restatements with respect to any of the foregoing. 
 “Majority Lenders” means (i) at any time while no Loans or LC Exposure are outstanding, Lenders having at least sixty-six and two-thirds percent (66-2/3%) of the Aggregate
Commitments and, (ii) at any time while Loans are outstanding, Lenders holding at least sixty-six and two-thirds percent (66-2/3%) of the outstanding aggregate principal amount of the Loans or participation interests in Letters of Credit
(without regard to any sale by a Lender of a participation in any Loan under Section 12.05(d)); provided that, the portion of the Commitment of and the outstanding aggregate principal amount of the Loans or participation interests
in Letters of Credit held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Majority Lenders unless all Lenders are Defaulting Lenders. 

“Material Adverse Effect” means any material and adverse effect on (i) the assets, liabilities, financial
condition, business, operations or affairs of Borrower and its Subsidiaries taken as a whole different from those reflected in the Financial Statements or from the facts represented or warranted in any Loan Document, or (ii) the ability of
Borrower and its Subsidiaries taken as a whole to carry out their business as at the Closing Date or as proposed as of the Closing Date to be conducted or meet their obligations under the Loan Documents on a timely basis, or
(iii) Administrative Agent’s and the Lenders’ interests in the collateral securing the Indebtedness, taken as a whole, or Administrative Agent’s or the Lenders’ ability to enforce their rights and remedies under this
Agreement or any other Loan Document, at law or in equity. 
 “Material Agreements” has
the meaning assigned to such term in Section 7.21. 
 “Matured LC
Obligation” means, at any time, the aggregate amount of payments theretofore made by Issuing Bank in respect to Letters of Credit and not theretofore reimbursed by or on behalf of Borrower to Issuing Bank. 

“Maximum Credit Amount” means, as to each Lender, the amount set forth opposite such Lender’s name on
Annex I under the caption “Maximum Credit Amount” (as the same may be reduced pursuant to Section 2.03 pro rata to each Lender based on its Percentage Share), as modified from time to time to
reflect any assignments permitted by Section 12.05(b). 
 “Mortgaged Property” means
the Property owned by the Obligors and which is subject to the Liens existing and to exist under the terms of the Security Instruments. 
 “Multiemployer Plan” means a Plan defined as such in Section 3(37) or 4001(a)(3) of ERISA. 
 “Notes” means the promissory notes, whether one or more, provided for by Section 2.01(d), substantially in the form of Exhibit A, together
with any and all amendments, renewals, extensions for any period, increases, rearrangements, substitutions, replacements or modifications thereof. 
 “Obligors” means, collectively, Borrower and each of the Guarantors. “Obligor” means, individually, any of Borrower or a Guarantor. 

“Oil and Gas Properties” means Hydrocarbon Interests; the Properties now or hereafter pooled or unitized with
Hydrocarbon Interests; all presently existing or future unitization, pooling agreements and 

  
 13 

 
declarations of pooled units and the units created thereby (including without limitation all units created under orders, regulations and rules of any Governmental Authority) which may affect all
or any portion of the Hydrocarbon Interests; all operating agreements, contracts (including Hedging Agreements) and other agreements which relate to any of the Hydrocarbon Interests or the production, sale, purchase, exchange or processing of
Hydrocarbons from or attributable to such Hydrocarbon Interests; all Hydrocarbons in and under and which may be produced and saved or attributable to the Hydrocarbon Interests, including all oil in tanks, the lands covered thereby and all rents,
issues, profits, proceeds, products, revenues and other incomes from or attributable to the Hydrocarbon Interests; all tenements, hereditaments, appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to the
Hydrocarbon Interests; and all Properties, rights, titles, interests and estates described or referred to above, including any and all Property, real or personal, now owned or hereinafter acquired and situated upon, used, held for use or useful in
connection with the operating, working or development of any of such Hydrocarbon Interests or Property (excluding drilling rigs, automotive equipment or other personal property which may be on such premises for the purpose of drilling a well or for
other similar temporary uses) and including any and all oil wells, gas wells, injection wells or other wells, buildings, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, tanks
and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and
servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing. 
 “Other Taxes” means all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or
under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document. 
 “Participant” has the meaning specified in Section 12.05(d). 
 “PBGC” means the Pension Benefit Guaranty Corporation or any Governmental Authority succeeding to any or all of its principal functions under ERISA. 

“Percentage Share” means, as to any Lender, the percentage set forth opposite such Lender’s name on
Annex I under the caption “Percentage Share”, as modified from time to time to reflect any assignments permitted by Section 12.05(b). 

“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, as defined in Section 3(2) of ERISA, which (i) is currently or hereafter sponsored, maintained or contributed to by Borrower, any Subsidiary or an ERISA Affiliate or (ii) was at any time during the preceding six calendar
years sponsored, maintained or contributed to, by Borrower, any Subsidiary or an ERISA Affiliate. 
 “Post-Default
Rate” means, in respect of any principal of any Loan or any other amount payable by Borrower under this Agreement or any other Loan Document, a rate per annum equal to 2% per annum above the Base Rate as in effect from time to time
plus the Applicable Margin (if any), but in no event to exceed the Highest Lawful Rate; provided however, for a LIBOR Loan, the “Post-Default Rate” for such principal shall be 2% per annum above the interest rate for
such Loan as provided in Section 3.02(a)(ii), but in no event to exceed the Highest Lawful Rate. 

  
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 “Prime Rate” means the rate of interest from time to time announced
publicly by Administrative Agent as its prime commercial lending rate. Such rate is set by Administrative Agent as a general reference rate of interest, taking into account such factors as Administrative Agent may deem appropriate, it being
understood that many of Administrative Agent’s commercial or other loans are priced in relation to such rate, that it is not necessarily the lowest or best rate actually charged to any customer and that Administrative Agent may make various
commercial or other loans at rates of interest having no relationship to such rate. 
 “Principal
Office” means the principal office of Administrative Agent, presently located at 1000 Louisiana Street, Ninth Floor, Houston, Texas 77002. 
 “Property” means any interest in any kind of property or asset, whether real, personal or mixed, moveable or immoveable, tangible or intangible. 

“Quarterly Dates” means the first day of each April, July, October, and January in each year, the first of which
shall be January 1, 2012; provided, however, that if any such day is not a Business Day, such Quarterly Date shall be the next succeeding Business Day. 
 “Recourse Debt” means Debt of an Unrestricted Subsidiary which is a liability, in whole or in part, of any Obligor or which is secured by any Lien upon any property or assets of
any Obligor. 
 “Redetermination Date” means the date that the redetermined Borrowing Base becomes
effective subject to the notice requirements specified in Section 2.06(b) both for scheduled redeterminations and unscheduled redeterminations. 
 “Register” has the meaning specified in Section 12.05(c). 
 “Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System (or any successor), as the same may be amended or supplemented from time to time.

 “Regulatory Change” means, with respect to any Lender, any change after the Closing Date in any
Governmental Requirement (including Regulation D) or the adoption or making after such date of any interpretations, directives or requests applying to a class of lenders (including such Lender or its Applicable Lending Office) of or under any
Governmental Requirement (whether or not having the force of law) by any Governmental Authority charged with the interpretation or administration thereof. 
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees, administrators,
managers, advisors and representatives of such Person and of such Person’s Affiliates. 

“Release” means any spilling, leaking, pumping, pouring, emitting, emptying, discharging,
injecting, escaping, leaching, dumping, or disposing. 
 “Reserve Report” means a report,
in form, scope and substance satisfactory to Administrative Agent, setting forth, as of each June 30 (or such other date in the event of an unscheduled redetermination) (i) the oil and gas reserves attributable to all of Borrower’s
and the Obligors’ Oil and Gas Properties together with a projection of the rate of production and future net income, taxes, operating expenses and capital expenditures with respect thereto as of such date, based upon the pricing assumptions
consistent with SEC reporting requirements at the time and (ii) such other information as Administrative Agent may reasonably request. The term “Reserve Report” shall also include the information to be provided by
Borrower setting forth the foregoing information as of December 31 of each year pursuant to Section 8.07(a). 

  
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 “Reserve Requirement” means, for any Interest Period for any LIBOR
Loan, the average maximum rate at which reserves (including any marginal, supplemental or emergency reserves) are required to be maintained during such Interest Period under Regulation D by member banks of the Federal Reserve System in New York City
with deposits exceeding one billion Dollars against “Eurocurrency liabilities” (as such term is used in Regulation D). Without limiting the effect of the foregoing, the Reserve Requirement shall reflect any other reserves
required to be maintained by such member banks by reason of any Regulatory Change against (i) any category of liabilities which includes deposits by reference to which LIBOR is to be determined as provided in the definition of
“LIBOR” or (ii) any category of extensions of credit or other assets which include a LIBOR Loan. 

“Responsible Officer” means, as to any Person, the Chief Executive Officer, the President or any Vice President
of such Person and, with respect to financial matters, the term “Responsible Officer” shall include the Chief Financial Officer of such Person or to the extent such Person is a limited partnership, the Responsible Officer of
such limited partnership’s general partner. Unless otherwise specified, all references to a Responsible Officer herein means a Responsible Officer of Borrower. 
 “Scheduled Redetermination Date” has the meaning assigned such term in Section 2.06(b). 
 “SEC” means the Securities and Exchange Commission or any successor Governmental Authority. 
 “Security Instruments” means the agreements or instruments described or referred to in Exhibit D, and any and all other agreements or instruments now or hereafter
executed and delivered by the Obligors or any other Person (other than participation or similar agreements between any Lender and any other lender or creditor with respect to any Indebtedness pursuant to this Agreement) in connection with, or as
security for the payment or performance of, the Notes (if any), the Guaranty Agreements, this Agreement, the Indebtedness or reimbursement obligations under the Letters of Credit, as such agreements may be amended, supplemented or restated from time
to time. 
 “Subsidiary” means: (i) any Person of which at least a majority of the outstanding
ownership having by the terms thereof ordinary voting power to elect a majority of the board of directors, manager or other governing body of such Person (irrespective of whether or not at the time equity ownership interest of any other class or
classes of such Person shall have or might have voting power by reason of the happening of any contingency) is at the time directly or indirectly owned or controlled by Borrower or one or more of its Subsidiaries and (ii) any partnership of
which Borrower or any of its Subsidiaries is a general partner, provided, however, that such term shall not include an Unrestricted Subsidiary. Unless otherwise indicated herein, each reference to the term “Subsidiary” means
a Subsidiary of Borrower. 
 “Taxes” means all present or future taxes, levies, imposts, duties,
deductions, withholdings, assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 
 “Termination Date” means the earlier to occur of (i) November 9, 2016, or (ii) the date on which the Lenders’ Commitments terminate in accordance with
the provisions of this Agreement. 
 “Trade Payables” means money owed to creditors,
vendors, or suppliers for products or services used in the ordinary course of business. 

  
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 “Transfer” means any sale, assignment, farm-out, conveyance or other
transfer of any Oil and Gas Property, or any interest in any Oil and Gas Property (including, without limitation, any working interest, overriding royalty interest, production payments, net profits interest, royalty interest, or mineral fee
interest) of any Obligor, except for (i) the sale of Hydrocarbons in the ordinary course of business, (ii) the sale or transfer of equipment in the ordinary course of business that is no longer necessary for the business of any Obligor or
is contemporaneously replaced by equipment of at least comparable value and use, and (iii) the sale of Oil and Gas Properties in one or more transactions of the Obligors for which value was given in the most recent Borrowing Base
redetermination which in the aggregate have a fair market value of $1,000,000 or less. 
 “Type” means,
with respect to any Loan, a Base Rate Loan or a LIBOR Loan. 
 “United States” and
“U.S.” means the United States of America. 
 “Unrestricted Subsidiary” means,
collectively, SBE Energy Partners LP, a Texas limited partnership, Okla Energy Partners LP, a Texas limited partnership, and any other subsidiary of Borrower or Guarantors that meets the requirements of an Unrestricted Subsidiary set forth in
Section 9.17. 
 Section 1.03 Accounting Terms and Determinations. Unless otherwise specified herein,
all accounting terms used herein shall be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all financial statements and certificates and reports as to financial matters required to be furnished to
Administrative Agent or the Lenders hereunder shall be prepared, in accordance with GAAP, applied on a basis consistent with the audited financial statements of Borrower referred to in Section 7.02 (except for changes concurred
with by Borrower’s independent public accountants). References to “consolidated,” when it precedes any accounting term, means such term as it would apply to the Obligors on a consolidated basis, determined in accordance with
GAAP. 
 Section 1.04 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, (i) 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), (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words “herein,”
“hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision thereof, (iv) 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, (v) any reference to any law or regulation herein shall, unless otherwise specified, refer to such law or
regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including cash, securities, accounts and contract rights. 

  
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 ARTICLE II. 
 COMMITMENTS 
 Section 2.01 Loans and Letters of Credit. 

(a) Loans. Each Lender severally agrees, on the terms and conditions of this Agreement, to make Loans to Borrower during the period
from and including (i) the Closing Date or (ii) such later date that such Lender becomes a party to this Agreement as provided in Section 12.05(b), to and up to, but excluding, the Termination Date in an aggregate
principal amount at any one time outstanding up to, but not exceeding, the amount of such Lender’s Commitment as then in effect; provided, however, that the Effective Amount at any one time outstanding shall not exceed the lesser
of (i) the Borrowing Base and (ii) the Aggregate Commitment. Subject to the terms of this Agreement, during the period from the Closing Date to and up to, but excluding, the Termination Date, Borrower may borrow, repay and reborrow the
amount described in this Section 2.01(a). 
 (b) Letters of Credit. Subject to the terms and
provisions contained in Sections 2.02(g), 2.04(b) and 2.07 of this Agreement, during the period from and including the Closing Date to, but excluding, five (5) days before the Termination Date, Issuing
Bank, as issuing bank for the Lenders, agrees to extend credit for the account of any Obligor at any time and from time to time by issuing, renewing, extending or reissuing Letters of Credit; provided however, the LC Exposure at any one time
outstanding shall not exceed the lesser of (i) the LC Commitment or (ii) the Aggregate Commitment, as then in effect, minus the aggregate principal amount of all Loans then outstanding. The Lenders shall participate in such Letters of
Credit and drawings thereunder according to their respective Percentage Shares. Each of Letter of Credit shall (i) be issued by Issuing Bank, (ii) contain such terms and provisions as are reasonably required by Issuing Bank, (iii) be
for the account of any Obligor and (iv) expire not later than the earlier of (A) twelve months from the date of issuance of such Letter of Credit and (B) five (5) days before the Termination Date; provided, however, that
any Letter of Credit with a twelve (12) month maturity may provide for the renewal thereof for an additional twelve (12) month period, which shall in no event extend beyond five (5) days before the Termination Date. 

(c) Limitation on Types of Loans. Subject to the other terms and provisions of this Agreement, at the option of Borrower, the
Loans may be Base Rate Loans or LIBOR Loans; provided that, without the prior written consent of the Majority Lenders, no more than five LIBOR Loans may be outstanding at any time. 

(d) Notes. 
 (i) Each Lender shall maintain in accordance with its usual practice appropriate records evidencing the Indebtedness of Borrower to such Lender resulting from the Loans made by such Lender, including the
date, amount, Type, interest rate and Interest Period of each Loan made by each Lender, and all payments made on account of the principal thereof. The entries made in such records shall be prima facie evidence of the existence and amounts of
the obligations of Borrower therein recorded; provided, that the failure or delay of any Lender in maintaining or making entries into any such record or any error therein shall not in any manner affect the obligation of Borrower to in respect
of the Loans (both principal and unpaid accrued interest) of such Lender in accordance with the terms of this Agreement. Borrower shall have the right to inspect such records at the premises of each Lender during regular business hours upon
reasonable notice to each Lender. Interest on the Loans shall accrue and be due and payable as provided herein. 

  
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 (ii) This Agreement evidences the obligation of Borrower to repay the Loans and is being
executed as a “noteless” credit agreement. However, at the request of any Lender at any time, Borrower agrees that it will prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such
Lender, to such Lender and its registered assigns) and in substantially the form of Exhibit A. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment permitted hereunder) be
represented by one or more promissory notes in such form payable to the payee named therein (or to such payee and its registered assigns). 
 Section 2.02 Borrowings, Continuations and Conversions, Letter of Credit Requests. 
 (a) Borrowings. Borrower shall give Administrative Agent (which shall promptly notify the Lenders) advance notice as hereinafter provided of each borrowing hereunder, which shall specify
(i) the aggregate amount of such borrowing, (ii) the Type and (iii) the date (which shall be a Business Day) of the Loans to be borrowed, and (iv) the duration of the Interest Period therefor (in the case of LIBOR Loans).

 (b) Minimum Amounts. Each borrowing hereunder shall be in an aggregate minimum amount (i) for Base Rate Loans
equal to the lesser of (A) $500,000 or any multiple integrals of $100,000 in excess thereof or (B) the unadvanced portion of the Available Borrowing Base, except that clause (A) shall not apply in the case of Loans to fund
reimbursement obligations under drawings under Letters of Credit, and (ii) for LIBOR Loans $1,000,000 or any multiple integrals of $500,000 in excess thereof (if the Available Borrowing Base as of such Borrowing Date will be less than $500,000,
then Borrower may not request a LIBOR Loan). 
 (c) Notices. All borrowings, continuations and conversions shall require
advance written notice to Administrative Agent (which shall promptly notify the Lenders) in the form of Exhibit B (or telephonic notice promptly confirmed by such a written notice), which in each case shall be irrevocable, from
Borrower to be received by Administrative Agent not later than 10:00 a.m. Houston, Texas time on the date of each Base Rate Loan borrowing and three Business Days prior to the date of each LIBOR Loan borrowing, continuation or conversion. Without in
any way limiting Borrower’s obligation to confirm in writing any telephonic notice, Administrative Agent may act without liability upon the basis of telephonic notice believed by Administrative Agent in good faith to be from Borrower prior to
receipt of written confirmation. In each such case, Borrower hereby waives the right to dispute Administrative Agent’s record of the terms of such telephonic notice except in the case of gross negligence or willful misconduct by Administrative
Agent. 
 (d) Continuation Options. Subject to the provisions made in this Section 2.02(d), Borrower
may elect to continue all or any part of any LIBOR Loan beyond the expiration of the then current Interest Period relating thereto by giving advance notice as provided in Section 2.02(c) to Administrative Agent (which shall
promptly notify the Lenders) of such election, specifying the amount of such Loan to be continued and the Interest Period therefor. In the absence of such a timely and proper election, Borrower shall be deemed to have elected to convert such LIBOR
Loan to a Base Rate Loan pursuant to Section 2.02(e). All or any part of any LIBOR Loan may be continued as provided herein, provided that (i) any continuation of any such Loan shall be (as to each Loan as continued for an
applicable Interest Period) in amounts of at least $1,000,000 or any whole multiple of $500,000 in excess thereof and (ii) no Default shall have occurred and be continuing. If a Default shall have occurred and be continuing, each LIBOR Loan
shall be converted to a Base Rate Loan on the last day of the Interest Period applicable thereto. 

  
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 (e) Conversion Options. Borrower may elect to convert all or any part of any LIBOR
Loan on the last day of the then current Interest Period relating thereto to a Base Rate Loan by giving advance notice to Administrative Agent (which shall promptly notify the Lenders) of such election. Subject to the provisions made in this
Section 2.02(e), Borrower may elect to convert all or any part of any Base Rate Loan at any time and from time to time to a LIBOR Loan by giving advance notice as provided in 

Section 2.02(c) to Administrative Agent (which shall promptly notify the Lenders) of such election. All or any part of any outstanding
Loan may be converted as provided herein, provided that (i) any conversion of any Base Rate Loan into a LIBOR Loan shall be (as to each such Loan into which there is a conversion for an applicable Interest Period) in amounts of at least
$1,000,000 or any whole multiple of $500,000 in excess thereof and (ii) no Default shall have occurred and be continuing. If a Default shall have occurred and be continuing, no Base Rate Loan may be converted into a LIBOR Loan. 

(f) Advances. Not later than 12:00 p.m. Houston, Texas time on the date specified for each Loan to be advanced hereunder, each
Lender shall make available the amount of the Loan to be made by it on such date to Administrative Agent, to an account which Administrative Agent shall specify, in immediately available funds, for the account of Borrower. The amounts so received by
Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to Borrower by wire transfer in accordance with written instructions provided to Administrative Agent by Borrower. 

(g) Letter of Credit Requests. Borrower shall give Issuing Bank (which shall promptly notify the Lenders of such request and their
Percentage Share of such Letter of Credit) advance notice to be received by Issuing Bank not later than 11:00 a.m. Houston, Texas time not less than three Business Days prior thereto of each request for the issuance, and at least ten Business Days
prior to the date of the renewal or extension, of a Letter of Credit hereunder which request shall specify (i) the amount of such Letter of Credit, (ii) the date (which shall be a Business Day) such Letter of Credit is to be issued,
renewed or extended, (iii) the duration thereof, (iv) the name and address of the beneficiary thereof, and (v) such other information as Issuing Bank may reasonably request, all of which shall be reasonably satisfactory to Issuing
Bank. Subject to the terms and conditions of this Agreement, on the date specified for the issuance, renewal or extension of a Letter of Credit, Issuing Bank shall issue, renew or extend such Letter of Credit to the beneficiary thereof. 

In conjunction with the issuance of each Letter of Credit, Borrower shall execute a Letter of Credit Agreement. In the event of any conflict between any
provision of a Letter of Credit Agreement and this Agreement, Borrower, Issuing Bank, Administrative Agent and the Lenders hereby agree that the provisions of this Agreement shall govern. 
 Issuing Bank will send to Borrower and each Lender, immediately upon issuance of any Letter of Credit, or an amendment thereto, a true and complete copy of such Letter of Credit, or such amendment
thereto. Each such Letter of Credit shall, unless otherwise expressly agreed by Issuing Bank and Borrower at the time such Letter of Credit is issued, be subject to the rules of the “International Standby Practices 1998” or such
later version as may be published by the Institute of International Banking Law and Practice (the “ISP 1998”), or any successor entity, and shall, as to matters not governed by the ISP 1998, be governed by, and construed and
interpreted in accordance with, the laws of the State of Texas. 
 Notwithstanding any provision in this Agreement to the contrary, if any
Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender: if any LC Exposure exists at the time a Lender is a Defaulting Lender, (i) the provisions of Sections
2.09(b) and (d) shall apply and (ii) Issuing Bank shall not be required to issue, amend or increase any Letter of Credit unless it is satisfied that cash collateral or another satisfactory arrangement will be provided
by Borrower. Issuing Bank shall have no obligation to issue any Letter of Credit if any Lender is at such time a Defaulting Lender hereunder (unless Issuing Bank has entered into satisfactory arrangements with Borrower or such Defaulting Lender to
eliminate Issuing Bank’s risk with respect to such Defaulting Lender). 

  
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 Section 2.03 Changes of Commitments. 

(a) Increase in Aggregate Commitment. 
 (i) Subject to the conditions set forth under clause (iv) below and the other requirements of this Section 2.03(a), upon notice to Administrative Agent (which shall
promptly notify the Lenders), Borrower may from time to time request an increase in the Aggregate Commitment; 
 (ii) At the
time of sending the notice described in Section 2.03(a)(i), Borrower (in consultation with Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than
ten (10) Business Days from the date of delivery of such notice to the Lenders). Each Lender shall notify Administrative Agent within such time period whether or not it agrees to increase its Commitment and, if so, whether by an amount equal
to, greater than, or less than its Percentage Share of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment. 

(iii) Administrative Agent shall notify Borrower of the Lenders’ responses to the request made hereunder. In the event that Borrower
cannot achieve the full amount of a requested increase from the existing Lenders and subject to the approval of Administrative Agent and Issuing Bank (which approvals shall not be unreasonably withheld), Borrower may invite Eligible Assignees to
become Lenders pursuant to a joinder agreement in form and substance satisfactory to Administrative Agent and its counsel. 

(iv) Any increase in the Aggregate Commitment shall be subject to the following additional conditions: 

(A) The Aggregate Commitment shall not at any time exceed the lesser of (1) the Aggregate Maximum Credit Amount after adjustments
resulting from reductions thereof pursuant to Section 2.03(b) and (2) the then effective Borrowing Base; 
 (B) Any increase of the Aggregate Commitment shall be in a minimum amount of $5,000,000, or integral multiples of $1,000,000 in excess thereof; 

(C) No Lender’s Commitment may be increased without the consent of such Lender; 

(D) No Default or Event of Default shall have occurred and be continuing at the Increase Effective Date (defined below) or result from
such increase; 
 (E) Borrower shall have paid any additional amounts required pursuant to Section 5.04
(including those resulting from any prepayment or assignment required by Section 2.03(a)(vi)) and any upfront or other fees charged by increasing and/or new Lenders required as a result of the increase in the Aggregate Commitment;
and 
 (F) Borrower shall provide such other documents as Administrative Agent may reasonably request. 

  
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 (v) If the Aggregate Commitment is increased in accordance with this
Section 2.03(a), Administrative Agent and Borrower shall determine the effective date (such date, the “Increase Effective Date”) and the final allocation of such increase. Administrative Agent shall
promptly (i) notify Borrower of the final allocation of such increase in the Aggregate Commitment and the Increase Effective Date, and (ii) notify each Lender of its Commitment as of the Increase Effective Date. 

(vi) To the extent necessary to keep the outstanding Loans ratable with any revised Percentage Shares of the Lenders arising from any
nonratable increase in the Aggregate Commitment under this Section 2.03(a), Borrower shall prepay Loans outstanding on the Increase Effective Date and/or Lenders shall make assignments pursuant to arrangements satisfactory to
Administrative Agent. In the event any Lender requests a new Note to reflect such Lender’s revised Percentage Share of the Maximum Credit Amount, Borrower shall deliver a new Note payable to such Lender in a principal amount equal to its
revised Percentage Share of the Maximum Credit Amount, and otherwise duly completed. In the event any additional Lender requests a Note, Borrower shall deliver a Note payable to such Lender in a principal amount equal to its Percentage Share of the
Maximum Credit Amount, and otherwise duly completed. 
 (vii) This Section shall supersede any provisions in Sections
4.04(b) or 12.04(i) to the contrary. 
 (b) Reduction in Aggregate Commitment. Borrower shall have
the right to terminate or to permanently reduce the amount of the Aggregate Commitment at any time, or from time to time, upon notice given to Administrative Agent (which shall promptly notify the Lenders) not less than three (3) Business
Days’ prior to the date of termination or reduction, which notice shall specify the effective date thereof and the amount of any such termination or reduction (which shall not be (y) less than $5,000,000 or any whole multiple of $1,000,000
in excess thereof and (z) more than an amount which would result in the Aggregate Commitment being less than the Effective Amount, after giving effect to any concurrent prepayment pursuant to Section 4.01). Any such notice
given shall be irrevocable and effective only upon receipt by Administrative Agent. The Aggregate Commitment once terminated or reduced may not be reinstated or increased by Borrower, except pursuant to Section 2.03(a).

 Section 2.04 Fees. 
 (a) Commitment Fee. Borrower shall pay to Administrative Agent, for the account of the Lenders (except for any Defaulting Lender), an aggregate commitment fee at a rate per annum equal to the
then-applicable Commitment Fee Rate times the average daily amount by which the Commitment exceeds the sum of the outstanding amount of Loans and LC Exposure for each Borrowing Base Period. Such commitment fee shall accrue from the Closing
Date to the earlier of the date the Lenders’ Commitments are terminated or the Termination Date, and shall be payable quarterly in arrears on each Quarterly Date and on the earlier of the date the Lenders’ Commitments are terminated or the
Termination Date. 
 (b) Letter of Credit Fees. 
 (i) Borrower agrees to pay Issuing Bank (for the ratable account of the Lenders (except for any Defaulting Lender) in their respective Percentage Shares), a fee for each Letter of Credit, to be paid in
advance at issuance of the Letter of Credit for the first year thereof and thereafter, quarterly in arrears on each Quarterly Date and upon cancellation or expiration of each such Letter of Credit in the amount equal to the greater of (A) $500
and (B) the product of the daily average outstanding of the maximum liability of Issuing Bank existing from time to time under such Letter of Credit (calculated separately for each Letter of Credit) multiplied by the rate per annum equal
to the Applicable 

  
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Margin in effect from time to time for LIBOR Loans; provided, however, if any Letter of Credit exists at the time a Lender becomes a Defaulting Lender (x) if Borrower has cash
collateralized any portion of such Defaulting Lender’s Percentage Share of the LC Exposure pursuant to Section 2.02(g) then Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to this
Section 2.04(b) with respect to such Defaulting Lender’s Percentage Share of the LC Exposure during the period such Defaulting Lender’s Percentage Share of the LC Exposure is cash collateralized, (y) if the
non-Defaulting Lenders’ exposure to Letters of Credit is reallocated pursuant to Section 2.09(d), then the fees payable to the Lenders pursuant to this Section 2.04(b) shall be adjusted in accordance with
the non-Defaulting Lenders’ Percentage Shares of the LC Exposure as so allocated, or (z) if such Defaulting Lender’s Percentage Share of the LC Exposure is neither cash collateralized pursuant to Section 2.02(g) nor
reallocated pursuant to Section 2.09(d), then, without prejudice to any rights or remedies of Issuing Bank or any Lender hereunder, all fees that otherwise would have been payable to such Defaulting Lender pursuant to this
Section 2.04(b) with respect to such Defaulting Lender’s Percentage Share of the LC Exposure shall be payable to Issuing Bank until such LC Exposure is cash collateralized and/or reallocated. Each Letter of Credit shall be
deemed to be outstanding up to the full face amount of the Letter of Credit until Issuing Bank has received the canceled Letter of Credit or a written cancellation of the Letter of Credit from the beneficiary of such Letter of Credit in form and
substance acceptable to Issuing Bank, or for any reductions in the amount of the Letter of Credit (other than from a drawing), written notification from the beneficiary of such Letter of Credit. 

(ii) Borrower agrees to pay Administrative Agent, for the account of Issuing Bank, (1) a commission for issuing the Letters of
Credit (calculated separately for each Letter of Credit) equal to 0.20% of the face amount of each Letter of Credit, payable upon issuance of such Letter of Credit and (2) Issuing Bank’s usual and customary fees for amendment to transfer
of, or negotiation of the terms of each Letter of Credit. 
 (c) Administrative Fee. Borrower shall pay fees to
Administrative Agent for Administrative Agent’s own account, as required by the Fee Letter. 
 Section 2.05
Prepayments. 
 (a) Voluntary Prepayments. Borrower may prepay the Base Rate Loans upon not less than one
(1) Business Day’s prior notice to Administrative Agent (which shall promptly notify the Lenders), which notice shall specify the prepayment date (which shall be a Business Day) and the amount of the prepayment (which shall be at least
$100,000 or the remaining aggregate principal balance outstanding under this Agreement) and shall be irrevocable and effective only upon receipt by Administrative Agent, provided that interest on the principal prepaid, accrued to the prepayment
date, shall be paid on the prepayment date. Borrower may prepay LIBOR Loans on the same conditions as for Base Rate Loans, except (x) prior notice to Administrative Agent shall be not less than three (3) Business Days for LIBOR Loans,
(y) prepayments of LIBOR Loans shall be subject to the terms of Section 5.05, and (z) prepayments of LIBOR Loans shall be in an amount equal to all of the LIBOR Loans for the Interest Period prepaid. In the event of a
voluntary prepayment pursuant to this Section 2.05(a), Borrower shall be entitled to reborrow such amounts pursuant to Section 2.01. 
 (b) Mandatory Prepayments. 
 (i) Borrowing Base. If a Borrowing Base
Deficiency results from the redetermination or reduction of the Borrowing Base pursuant to the terms of this Agreement, then Borrower shall, within thirty (30) days after the occurrence of such Borrowing Base Deficiency, exercise any one or
combination of the following: (A) make a mandatory principal prepayment (together with interest on the principal amount paid accrued to the date of each such prepayment) (x) in an amount equal

  
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to the amount of the Borrowing Base Deficiency, after giving effect to any action taken under (B) hereof, or (y) in three (3) monthly installments each equal to one-third of the
amount of the Borrowing Base Deficiency, after giving effect to any action taken under (B) hereof, with the first such installment due thirty (30) days after the occurrence of such Borrowing Base Deficiency, and each following installment
due thirty (30) days after the preceding installment; or (B) pledge, or cause any Subsidiary to pledge, additional unencumbered collateral of sufficient value and character (as determined by Administrative Agent and the Lenders in their
sole discretion) that when added to the existing collateral shall cause the Borrowing Base to equal or exceed the Effective Amount, after giving effect to any action taken under (A) hereof. If, because of LC Exposure, a Borrowing Base
Deficiency remains after prepaying all of the Loans, Borrower shall pay to Administrative Agent on behalf of the Lenders an amount equal to such remaining Borrowing Base Deficiency to be held as cash collateral as provided in
Section 2.07(c). 
 (ii) Upon Procurement of Capital. If, at any time after the Closing Date, Borrower
obtains funds by the sale of capital stock or any other equity offering or by the issuance of subordinated unsecured Debt to the extent permitted by the terms of this Agreement, and if at such time there exists a Borrowing Base Deficiency, the
proceeds obtained by such capital stock or other equity offering or issuance of such Debt shall, within three (3) Business Days of Borrower obtaining such proceeds, be used to pay such Borrowing Base Deficiency. 

(c) Generally. Prepayments permitted or required under this Section 2.05 shall be without premium or penalty,
but shall be subject to payment of amounts due pursuant to Section 5.04. Any prepayments on the Loans may be reborrowed subject to the then effective Borrowing Base (subject to the then effective Aggregate Commitment). 

Section 2.06 Borrowing Base. 
 (a) At all times prior to the Termination Date the Effective Amount shall not exceed the Borrowing Base then in effect. During the period from and after the Closing Date until the first redetermination
pursuant to this Section 2.06 or automatic reduction pursuant to Sections 9.14 and 9.22, the amount of the Borrowing Base shall be $180,000,000 (the “Initial Borrowing Base”).
The Borrowing Base shall be determined in accordance with Section 2.06(b) by Administrative Agent with the concurrence of the Lenders and is subject to redetermination in accordance with Sections 2.06(b) and
(c) and automatic reduction in accordance with Sections 9.14 and 9.22. Upon any redetermination or automatic reduction of the Borrowing Base, such redetermination or automatic reduction shall remain in effect
until the earliest of: (y) the next successive Redetermination Date and (z) the date of the next automatic reduction. So long as any of the Commitments are in effect or any LC Exposure or Loans are outstanding hereunder, this facility
shall be governed by the then effective Borrowing Base (subject to the then effective Aggregate Commitment). 
 (b) Scheduled
Borrowing Base Determination. Upon receipt of the reports required by Section 8.07 and such other reports, data and supplemental information as may from time to time be reasonably requested by Administrative Agent (the
“Engineering Reports”), the Borrowing Base shall be redetermined for each Borrowing Base Period and each such redetermination shall be effective as of the date set forth in such notice of redetermination (the
“Scheduled Redetermination Date”). The Borrowing Base shall be determined (i) in accordance with Administrative Agent’s and the Lenders’ customary policies and procedures for extending credit to Oil and Gas
reserve-based customers and (ii) based upon the loan collateral value assigned to the Mortgaged Properties and such other credit factors (including without limitation the assets, liabilities, cash flow, business, properties, prospects,
management and ownership of Borrower) which Administrative Agent and the Lenders deem significant. Administrative Agent and the Lenders’ determination of the Borrowing Base shall be in their sole discretion and shall not be subject to review or
challenge. Upon each redetermination of the Borrowing 

  
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Base, Administrative Agent shall recommend to the Lenders a new Borrowing Base and the Lenders shall (by unanimous agreement in the case of Borrowing Base increases and by agreement of the
Majority Lenders in the case of Borrowing Base decreases or affirmations of the current Borrowing Base amount) establish the redetermined Borrowing Base. If Borrower does not furnish the Engineering Reports by the date required, Administrative Agent
and the Lenders may nonetheless determine a new Borrowing Base. It is expressly understood that the Lenders shall have no obligation to determine the Borrowing Base at any particular amount, either in relation to the Aggregate Maximum Credit Amount
or otherwise. 
 (c) Special Borrowing Base Determination. In addition to “Scheduled Borrowing Base
Determinations” pursuant to Section 2.06(b), Borrower and Administrative Agent (at the direction of the Majority Lenders), may each request one (1) additional redetermination of the Borrowing Base between
Scheduled Borrowing Base Determinations. In the event Borrower requests a “Special Borrowing Base Determination” pursuant to this Section 2.06(c), Borrower shall deliver written notice of such request to
Administrative Agent which shall include: (i) Engineering Report(s) prepared as of a date not more than thirty (30) calendar days prior to the date of such request, and (ii) such other information as Administrative Agent and the
Lenders shall request prepared as of a date not more than thirty (30) calendar days prior to the date of such request. Likewise, in the event Administrative Agent (at the direction of the Majority Lenders) exercises its option for a Special
Borrowing Base Determination, Administrative Agent shall (y) promptly notify Borrower that it has been directed by the Majority Lenders to exercise such option and (z) promptly notify Borrower of the redetermined Borrowing Base.

 (d) Mandatory Borrowing Base Reductions. In addition to the Borrowing Base determinations provided for in this
Section 2.06, the Borrowing Base is subject to mandatory reduction pursuant to the terms of Sections 9.14 and 9.22. 
 Section 2.07 Letters of Credit. 
 (a) Participation by Lenders. Upon
the issuance date of each Letter of Credit, Issuing Bank shall be deemed, without further action by any party hereto, to have sold to each other Lender, and each other Lender shall be deemed, without further action by any party hereto, to have
purchased from Issuing Bank, a participation, to the extent of such Lender’s Percentage Share, in such Letter of Credit, the obligations thereunder and in the reimbursement obligations of Borrower due in respect of drawings made under such
Letter of Credit. If requested by Issuing Bank, the other Lenders will execute any other documents reasonably requested by Issuing Bank to evidence the purchase of such participation. Each Lender acknowledges and agrees that its obligation to
acquire participations pursuant to this Agreement 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 Event of Default, the existence of a Borrowing Base Deficiency or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or
reduction whatsoever. 
 (b) Reimbursement by Borrower. Upon the presentment of any draft for honor under any Letter of
Credit by the beneficiary thereof which Issuing Bank determines is in compliance with the conditions for payment thereunder, Issuing Bank shall promptly notify Borrower and Administrative Agent thereof, but failure to so notify Borrower shall not in
any way affect Borrower’s obligations hereunder. If a disbursement by Issuing Bank is made under any Letter of Credit, Borrower shall pay to Administrative Agent within two (2) Business Days after notice of any such disbursement is
received by Borrower, the amount of each such disbursement made by Issuing Bank under the Letter of Credit (if such payment is not sooner effected as may be required under this Section 2.07 or under other provisions of the Letter
of Credit), together with interest on the amount disbursed from and including the date of disbursement until payment in full of such disbursed amount at a varying rate per annum equal to 

  
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(i) the then applicable interest rate for Base Rate Loans through the second Business Day after notice of such disbursement is received by Borrower and (ii) thereafter, the Post-Default Rate
for Base Rate Loans (but in no event to exceed the Highest Lawful Rate) for the period from and including the third Business Day following the date of such disbursement to and including the date of repayment in full of such disbursed amount. The
obligations of Borrower under this Agreement with respect to each Letter of Credit shall be absolute, unconditional and irrevocable and shall be paid or performed strictly in accordance with the terms of this Agreement under all circumstances
whatsoever, including, without limitation, but only to the fullest extent permitted by applicable law, the following circumstances: (i) any lack of validity or enforceability of this Agreement, any Letter of Credit or any of the Security
Instruments; (ii) any amendment or waiver of (including any default), or any consent to departure from this Agreement (except to the extent permitted by any amendment or waiver), any Letter of Credit or any of the Security Instruments;
(iii) the existence of any claim, set-off, defense or other rights which Borrower may have at any time against the beneficiary of any Letter of Credit or any transferee of any Letter of Credit (or any Persons for whom any such beneficiary or
any such transferee may be acting), Issuing Bank, Administrative Agent, any Lender or any other Person, whether in connection with this Agreement, any Letter of Credit, the Security Instruments, the transactions contemplated hereby or any unrelated
transaction; (iv) any statement, certificate, draft, notice or any other document presented under any Letter of Credit proves to have been forged, fraudulent, insufficient or invalid in any respect or any statement therein proves to have been
untrue or inaccurate in any respect whatsoever; (v) payment by Issuing Bank under any Letter of Credit against presentation of a draft certificate which appears on its face to comply, but does not comply, with the terms of such Letter of
Credit; and (vi) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing. Notwithstanding anything in this Agreement to the contrary, Borrower will not be liable for payment or performance that results
from the gross negligence or willful misconduct of Issuing Bank, except (y) where Borrower or any Subsidiary actually recovers the proceeds for itself or Issuing Bank of any payment made by Issuing Bank in connection with such gross negligence
or willful misconduct or (z) in cases where Administrative Agent makes payment to the named beneficiary of a Letter of Credit. 
 (c) Obligation to Prepay; Cash Collateral. In the event of the occurrence of any Event of Default, a payment or prepayment pursuant to Section 2.05(b) or the maturity of the
Indebtedness, whether by acceleration or otherwise, an amount equal to the LC Exposure (or the excess in the case of Section 2.05(b)) shall be deemed to be forthwith due and owing by Borrower to Issuing Bank, Administrative Agent
and the Lenders as of the date of any such occurrence. Borrower’s obligation to pay such amount shall be absolute and unconditional, without regard to whether any beneficiary of any such Letter of Credit has attempted to draw down all or a
portion of such amount under the terms of a Letter of Credit, and, to the fullest extent permitted by applicable law, shall not be subject to any defense or be affected by a right of set-off, counterclaim or recoupment which Borrower may now or
hereafter have against any such beneficiary, Issuing Bank, Administrative Agent, the Lenders or any other Person for any reason whatsoever. Such payments shall be held by Issuing Bank on behalf of the Lenders as cash collateral securing the LC
Exposure in an account or accounts at the Principal Office. Borrower hereby grants to and by its deposit with Administrative Agent grants to Administrative Agent a security interest in such cash collateral. In the event of any such payment by
Borrower of amounts contingently owing under outstanding Letters of Credit and in the event that thereafter drafts or other demands for payment complying with the terms of such Letters of Credit are not made prior to the respective expiration dates
thereof, Administrative Agent agrees, if no Event of Default has occurred and is continuing or if no other amounts are outstanding under this Agreement, the Notes (if any) or the Security Instruments, to remit to Borrower amounts for which the
contingent obligations evidenced by the Letters of Credit have ceased. 
 (d) Reimbursement by Lenders. Each Lender
severally and unconditionally agrees that it shall promptly reimburse Issuing Bank an amount equal to such Lender’s Percentage Share of any disbursement made by Issuing Bank under any Letter of Credit that is not reimbursed according to this
Section 2.07. 

  
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 (e) Loans. Notwithstanding anything to the contrary contained herein, if no Default
exists and subject to availability under the Aggregate Commitment (after reduction for LC Exposure), to the extent Borrower has not reimbursed Issuing Bank for any amounts drawn under a Letter of Credit within one (1) Business Day after notice
of such disbursement has been received by Borrower, the amount of such Letter of Credit reimbursement obligation shall automatically be funded by the Lenders as a Loan hereunder and used by the Lenders to pay such Letter of Credit reimbursement
obligation. If an Event of Default has occurred and is continuing, or if the funding of such Letter of Credit reimbursement obligation as a Loan would cause the aggregate amount of all Loans outstanding to exceed the Aggregate Commitment (after
reduction for LC Exposure), such Letter of Credit reimbursement obligation shall not be funded as a Loan, but instead shall accrue interest as provided in Section 2.07(c). 

(f) Assumption of Risks. Borrower assumes all risks of the acts or omissions of any beneficiary of any Letter of Credit or any
transferee thereof with respect to its use of such Letter of Credit. Neither Issuing Bank (except in the case of gross negligence or willful misconduct on the part of Issuing Bank or any of its employees), its correspondents nor any Lender shall be
responsible for the validity, sufficiency or genuineness of certificates or other documents or any endorsements thereon, even if such certificates or other documents should in fact prove to be invalid, insufficient, fraudulent or forged; for errors,
omissions, interruptions or delays in transmissions or delivery of any messages by mail, telex, or otherwise, whether or not they be in code; for errors in translation or for errors in interpretation of technical terms; the validity or sufficiency
of any instrument transferring or assigning or purporting to transfer or assign any Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason; the
failure of any beneficiary or any transferee of any Letter of Credit to comply fully with conditions required in order to draw upon any Letter of Credit; or for any other consequences arising from causes beyond Issuing Bank’s control or the
control of Issuing Bank’s correspondents. In addition, neither Issuing Bank, Administrative Agent nor any Lender shall be responsible for any error, neglect, or default of any of Issuing Bank’s correspondents; and none of the above shall
affect, impair or prevent the vesting of any of Issuing Bank’s, Administrative Agent’s or any Lender’s rights or powers hereunder or under the Letter of Credit Agreements, all of which rights shall be cumulative. Issuing Bank and its
correspondents may accept certificates or other documents that appear on their face to be in order, without responsibility for further investigation of any matter contained therein regardless of any notice or information to the contrary. In
furtherance and not in limitation of the foregoing provisions, Borrower agrees that any action, inaction or omission taken or not taken by Issuing Bank or by any correspondent for Issuing Bank in good faith in connection with any Letter of Credit,
or any related drafts, certificates, documents or instruments, shall be binding on Borrower and shall not put Issuing Bank or its correspondents under any resulting liability to Borrower. 

Section 2.08 Lending Offices. The Loans of each Type made by each Lender shall be made and maintained at such Lender’s
Applicable Lending Office for Loans of such Type. 
 Section 2.09 Defaulting Lenders. 

(a) Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following
provisions shall apply for so long as such Lender is a Defaulting Lender: 
 (i) fees shall cease to accrue on the unfunded
portion of the Commitment of such Defaulting Lender pursuant to Section 2.04(a); and 

  
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 (ii) the Commitment and the sum of the outstanding principal amount of the Loans of such
Defaulting Lender shall not be included in determining whether all Lenders or the Majority Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 12.04),
provided that the Commitment of such Defaulting Lender may not be increased or extended without the consent of such Defaulting Lender. 
 (b) Cash Collateral. 
 (i) At any time that there shall exist a Defaulting
Lender, if the reallocation described in Section 2.09(d) cannot, or can only partially, be effected then, within one Business Day of the request of Administrative Agent or Issuing Bank, Borrower shall deliver to Administrative
Agent cash collateral in an amount sufficient to cover all of such Defaulting Lender’s Percentage Share of the LC Exposure after taking into account any reallocation pursuant to Section 2.09(d). Notwithstanding anything to
the contrary contained in this Agreement, cash collateral provided under Section 2.05(b)(i), this Section 2.09, or Section 10.02 in respect of Letters of Credit shall be held and applied to
the satisfaction of the specific LC Exposure and other obligations for which the cash collateral was so provided, prior to any other application of such property as may be provided for herein. 

(ii) Cash collateral (or the appropriate portion thereof) provided to reduce LC Exposure shall be released promptly following
(i) the elimination of the applicable LC Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable Lender or by replacement of the applicable Defaulting Lender by assignment
made in accordance with this Agreement) or (ii) Administrative Agent’s good faith determination that there exists excess cash collateral; provided, however, that cash collateral furnished by or on behalf of an Obligor shall not be released
during the continuance of a Default or Event of Default (and following application as provided in this Section 2.09 may be otherwise applied in accordance with Section 10.02). 

(c) Reallocation of Payments. Any payment of principal, interest, fees or other amounts received by Administrative Agent for the
account of a Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article 10 or otherwise, and including any amounts made available to Administrative Agent by such Defaulting Lender pursuant to
Section 11.09), shall be applied at such time or times as may be determined by Administrative Agent as follows: 
 first, to the payment of any amounts owing by such Defaulting Lender to Administrative Agent hereunder; 
 second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to Issuing Bank hereunder; 
 third, if so determined by Administrative Agent or requested by Issuing Bank, to be held as cash collateral for future funding obligations of such Defaulting Lender of any participation in any Letter of
Credit, unless Administrative Agent has previously received cash collateral in an amount sufficient to cover future funding obligations after taking into account any reallocation of such Defaulting Lender’s participation obligation; 

fourth, as 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 Administrative Agent; 

  
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 fifth, if so determined by Administrative Agent and Borrower, to be held in an interest
bearing deposit account and released in order to satisfy obligations of such Defaulting Lender to fund Loans under this Agreement; and 
 sixth, 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 Matured LC
Obligations in respect of which such Defaulting Lender has not fully funded its appropriate share and (y) such Loans or Matured LC Obligations were made at a time when the conditions set forth in Section 6.02 were satisfied
or waived, such payment shall be applied solely to pay the Loans of, and Matured LC Obligations owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or Matured LC Obligations owed to, such
Defaulting Lender. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section 2.09(c)
shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 
 (d)
Reallocation of Percentage Share to Reduce LC Exposure. During any period in which there is a Defaulting Lender, the Defaulting Lender’s Percentage Share of the LC Exposure shall be reallocated among the non-Defaulting Lenders in
accordance with the Percentage Shares (computed without giving effect to the Commitment of such Defaulting Lender), and for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations
in Letters of Credit pursuant to Section 2.01(b), the “Percentage Share” of each non-Defaulting Lender shall be computed without giving effect to the Commitment of such Defaulting Lender; provided, that, (i) each
such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default exists; (ii) the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund
participations in Letters of Credit shall not exceed the positive difference, if any, of (1) the Commitment of that non-Defaulting Lender minus (2) the outstanding principal amount of Loans owed to such non-Defaulting Lender; and
(iii) no such reallocation shall constitute a waiver or release of any claim Borrower, Administrative Agent, Issuing Bank or any other Lender may have against such Defaulting Lender or result such Defaulting Lender becoming a non-Defaulting
Lender. 
 (e) Defaulting Lender Cure. In the event that Administrative Agent and Borrower each agrees that a Defaulting
Lender has adequately remedied all matters that caused such Defaulting Lender to be a Defaulting Lender, then Administrative Agent shall notify the Lenders and on the effective date specified in such notice, and such Lender shall purchase at par
such of the Loans of the other Lenders as Administrative Agent shall determine may be necessary in order for such Defaulting Lender to hold such Loans in accordance with its Percentage Share. 

ARTICLE III. 
 PAYMENTS OF PRINCIPAL AND INTEREST 
 Section 3.01 Repayment of Loans.
On the Termination Date Borrower shall repay to Administrative Agent (for the account of the Lenders in their respective Percentage Shares) the outstanding aggregate principal of the Loans, plus all accrued but unpaid interest, fees and
expenses and other amounts then due hereunder or under the other Loan Documents. 
 Section 3.02 Interest. 

(a) Interest Rates. Borrower will pay to Administrative Agent, for the account of each Lender, interest on the unpaid principal
amount of each Loan made by such Lender for the period commencing on the date such Loan is made to, but excluding, the date such Loan shall be paid in full, at the following rates per annum: 

  
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 (i) if such a Loan is a Base Rate Loan, the Base Rate (as in effect from time to time) plus
the Applicable Margin, but in no event to exceed the Highest Lawful Rate; and 
 (ii) if such a Loan is a LIBOR Loan, for each
Interest Period relating thereto, the LIBOR for such Loan plus the Applicable Margin (as in effect from time to time), but in no event to exceed the Highest Lawful Rate. 
 (b) Post-Default Rate. Notwithstanding the foregoing, Borrower will pay to Administrative Agent, for the account of each Lender, interest at the applicable Post-Default Rate on any Loan made by
such Lender, and (to the fullest extent permitted by law) on any other amount payable by Borrower hereunder, under any Loan Document or under any Note held by such Lender to or for account of such Lender, for the period commencing on the date of an
Event of Default until the same is paid in full or all Events of Default are cured or waived. 
 (c) Due Dates. Accrued
interest on Base Rate Loans shall be payable on each Quarterly Date commencing on January 1, 2012, and accrued interest on each LIBOR Loan shall be payable on the last day of the Interest Period therefor and, if such Interest Period is longer
than three months at three-month intervals following the first day of such Interest Period, except that interest payable at the Post-Default Rate shall be payable from time to time on demand and interest on any LIBOR Loan that is converted into a
Base Rate Loan (pursuant to Section 5.04) shall be payable on the date of conversion (but only to the extent so converted). Any accrued and unpaid interest on the Loans on the Termination Date shall be paid on such date.

 (d) Determination of Rates. Promptly after the determination of any interest rate provided for herein or any change
therein, Administrative Agent shall notify the Lenders to which such interest is payable and Borrower thereof. Each determination by Administrative Agent of an interest rate or fee hereunder shall, except in cases of manifest error, be final,
conclusive and binding on the parties. 
 ARTICLE IV. 

PAYMENTS; PRO RATA TREATMENT; COMPUTATIONS; ETC. 
 Section 4.01 Payments Generally; Administrative Agent’s Clawback; Several Obligations. 
 (a) General. Except to the extent otherwise provided herein, all payments to be made by Borrower shall be made in Dollars, in immediately available funds, to Administrative Agent at such account as
Administrative Agent shall specify by notice to Borrower from time to time, not later than 11:00 a.m. Houston, Texas time on the date on which such payments shall become due (each such payment made after such time on such due date to be deemed to
have been made on the next succeeding Business Day). Such payments shall be made without (to the fullest extent permitted by applicable law) defense, set-off, recoupment or counterclaim. Each payment received by Administrative Agent for account of a
Lender shall be paid promptly to such Lender in immediately available funds. Except as otherwise provided in the definition of “Interest Period”, if the due date of any payment would otherwise fall on a day which is not a
Business Day such date shall be extended to the next succeeding Business Day and interest shall be payable for any principal so extended for the period of such extension. At the time of each payment to Administrative Agent of any principal of or
interest on any borrowing, Borrower shall notify Administrative Agent of the Loans to which such payment shall apply. In the absence of such 

  
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notice Administrative Agent may specify the Loans to which such payment shall apply, but to the extent possible such payment or prepayment will be applied first to the Loans comprised of Base
Rate Loans. When Administrative Agent collects or receives money on account of the Indebtedness or otherwise pursuant to the Security Instruments, if such money is insufficient to pay all such Indebtedness, such money shall be applied first to any
reimbursements due Administrative Agent under Section 12.03. 
 (b) Funding by Lenders; Presumption by
Administrative Agent. Unless 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 Administrative Agent such Lender’s share of such borrowing,
Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or, in the case of a borrowing of Base Rate Loans, that such Lender has made such share available in
accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable
borrowing available to Administrative Agent, then the applicable Lender and Borrower severally agree to pay to Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from
and including the date such amount is made available to Borrower to but excluding the date of payment to Administrative Agent, at (i) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate
determined by Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by Administrative Agent in connection with the foregoing, and
(ii) in the case of a payment to be made by Borrower, the interest rate applicable to Base Rate Loans. If Borrower and such Lender shall pay such interest to Administrative Agent for the same or an overlapping period, Administrative Agent shall
promptly remit to Borrower the amount of such interest paid by Borrower for such period. If such Lender pays its share of the applicable borrowing to Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in
such borrowing. Any payment by Borrower shall be without prejudice to any claim Borrower may have against a Lender that shall have failed to make such payment to Administrative Agent. 

(c) Payments by Borrower; Presumptions by Administrative Agent. Unless Administrative Agent shall have received notice from
Borrower prior to the date on which any payment is due to Administrative Agent for the account of the Lenders or Issuing Bank hereunder that Borrower will not make such payment, Administrative Agent may assume that Borrower has made such payment on
such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or Issuing Bank, as the case may be, the amount due. In such event, if Borrower has not in fact made such payment, then each of the Lenders or
Issuing Bank, as the case may be, severally agrees to repay to Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank, in immediately available funds with interest thereon, for each day from and including
the date such amount is distributed to it to but excluding the date of payment to Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by Administrative Agent in accordance with banking industry rules on interbank
compensation. 
 (d) Several Obligations of the Lenders. The failure of any Lender to make any Loan to be made by it, to
provide funds for disbursements or reimbursements under Letters of Credit or to make a payment pursuant to Section 12.03(c) on the date specified therefor shall not relieve any other Lender of its obligation to make its Loan or
provide funds on such date, but no Lender shall be responsible for the failure of any other Lender to make a Loan to be made by such other Lender, to provide funds to be provided by such other Lender, or to make any payment pursuant to
Section 12.03(c) to be made by such Lender. 

  
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 Section 4.02 Pro Rata Treatment. Except to the extent otherwise provided herein each
Lender agrees that: (i) each borrowing from the Lenders under Section 2.01 and each continuation and conversion under Section 2.02 shall be made from the Lenders pro rata in accordance with their Percentage
Share, each payment of fees under Sections 2.04(a) and 2.04(b)(i) shall be made for account of the Lenders pro rata in accordance with their Percentage Share, and each termination or reduction of the amount of the
Aggregate Maximum Credit Amount under Section 2.03 shall be applied to the Commitment of each Lender, pro rata according to the amounts of its respective Commitment; (ii) each payment of principal of Loans by Borrower shall
be made for account of the Lenders pro rata in accordance with the respective unpaid principal amount of the Loans held by the Lenders; (iii) each payment of interest on Loans by Borrower shall be made for account of the Lenders pro rata in
accordance with the amounts of interest due and payable to the respective Lenders; and (iv) each reimbursement by Borrower of disbursements under Letters of Credit shall be made for account of Issuing Bank or, if funded by the Lenders, pro rata
for the account of the Lenders, in accordance with the amounts of reimbursement obligations due and payable to each respective Lender. Notwithstanding anything to the contrary herein, (y) nothing in this Section 4.02 shall
have any affect on the right of Issuing Bank to receive payment or collateral in connection with Section 2.02(g) and (z) to the extent money is received by Administrative Agent pursuant to the exercise of remedies under the
Security Instruments such money shall be applied to the pro rata payment of obligations secured by such Security Instruments. 

Section 4.03 Computations. Interest on LIBOR Loans and fees shall be computed on the basis of a year of 360 days and actual days
elapsed (including the first day but excluding the last day) occurring in the period for which such interest is payable, unless such calculation would exceed the Highest Lawful Rate, in which case interest shall be calculated on the per annum basis
of a year of 365 or 366 days, as the case may be. Interest on Base Rate Loans shall be computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed (including the first day but excluding the last day) occurring in
the period for which such interest is payable. 
 Section 4.04 Set-off, Sharing of Payments, Etc. 

(a) If an Event of Default shall have occurred and be continuing, each Lender, Issuing Bank and each of their respective Affiliates is
hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and
other obligations (in whatever currency) at any time owing by such Lender, Issuing Bank or any such Affiliate to or for the credit or the account of Borrower or any other Obligor against any and all of the obligations of Borrower or any other
Obligor now or hereafter existing under this Agreement or any other Loan Document to such Lender or Issuing Bank, irrespective of whether or not such Lender or Issuing Bank shall have made any demand under this Agreement or any other Loan Document
and although such obligations of Borrower or any other Obligor may be contingent or unmatured or are owed to a branch or office of such Lender or Issuing Bank different from the branch or office holding such deposit or obligated on such
indebtedness. The rights of each Lender, Issuing Bank and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, Issuing Bank or their respective Affiliates
may have. Each Lender and Issuing Bank agrees to notify Borrower and Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and
application. 
 (b) If any Lender shall, by exercising any right of setoff or counterclaim or otherwise (except pursuant to
Section 2.03(a)(vi)), obtain payment in respect of any principal of or interest on any of the Loans made by it, or the participations in LC Exposure resulting in such Lender’s receiving payment of a proportion of the
aggregate amount of such Loans or participations and accrued interest thereon greater than its pro rata share thereof as provided herein, then the Lender receiving such greater 

  
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proportion shall (i) notify Administrative Agent of such fact, and (ii) purchase (for cash at face value) participations in the Loans and subparticipations in LC Exposure, or make such
other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing
them, provided that: 
 (i) if any such participations or subparticipations are purchased and all or any portion of the payment
giving rise thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(ii) the provisions of this Section 4.04 shall not be construed to apply to (y) any payment made by Borrower
pursuant to and in accordance with the express terms of this Agreement or (z) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or subparticipations in LC Exposure to any
assignee or participant, other than to Borrower or any Subsidiary thereof (as to which the provisions of this Section shall apply). 
 Each
Obligor 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 such Obligor rights of setoff and
counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Obligor in the amount of such participation. 
 Section 4.05 Taxes. 
 (a) Payments Free of Taxes. Any and all
payments by or on account of any Indebtedness of Borrower shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if Borrower shall be required by applicable Governmental
Requirements to deduct any Indemnified Taxes (including any Other Taxes) from such payments, then (i) the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional
sums payable under this Section) Administrative Agent, Lender or Issuing Bank, as the case may be, receives an amount equal to the sum it would have received had no such deductions been made, (ii) Borrower shall make such deductions and
(iii) Borrower shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable Governmental Requirements. 
 (b) Payment of Other Taxes by Borrower. Without limiting the provisions of Section 4.05(a) above, Borrower shall timely pay any Other Taxes to the relevant Governmental
Authority in accordance with applicable Governmental Requirements. 
 (c) Indemnification by Borrower. Borrower
shall indemnify Administrative Agent, each Lender and Issuing Bank, within ten (10) days after demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or
attributable to amounts payable under this Section) paid by Administrative Agent, such Lender or Issuing Bank, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such
Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to Borrower by a Lender or Issuing Bank (with a copy to
Administrative Agent), or by Administrative Agent on its own behalf or on behalf of a Lender or Issuing Bank, shall be conclusive absent manifest error. 
 (d) Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by Borrower to a Governmental Authority, Borrower shall deliver to 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 Administrative Agent. 

  
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 (e) Status of Lenders. Any Foreign Lender that is entitled to an exemption from or
reduction of withholding tax under the law of the jurisdiction in which Borrower is resident for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments hereunder or under any other Loan Document shall deliver to
Borrower (with a copy to Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by Borrower or Administrative Agent, such properly completed and executed documentation prescribed by applicable law as will
permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if requested by Borrower or Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably
requested by Borrower or Administrative Agent as will enable Borrower or Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. 

Without limiting the generality of the foregoing, in the event that Borrower is resident for tax purposes in the United States, any Foreign Lender shall
deliver to Borrower and 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
request of Borrower or Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is applicable: 
 (i) duly completed copies of Internal Revenue Service Form W-8BEN claiming eligibility for benefits of an income tax treaty to which the United States is a party, 

(ii) duly completed copies of Internal Revenue Service Form W-8ECI, 

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

(iv) if a payment made to a Lender under any Loan Document would be subject to a withholding tax imposed by FATCA as a result of such
Lender failing to comply with the applicable reporting requirements of FATCA (including those contained in Sections 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver documentation or certifications as are
required to evidence compliance by the Lender with FATCA for purposes of determining if the Lender is subject to such withholding tax, or 
 (v) any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in United States federal withholding tax duly completed together with such supplementary documentation
as may be prescribed by applicable law to permit Borrower to determine the withholding or deduction required to be made. 
 (f)
Treatment of Certain Refunds. If Administrative Agent, any Lender or Issuing Bank determines, in its sole discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by Borrower or with respect to
which Borrower has paid additional amounts pursuant to this Section, it shall pay to Borrower an amount equal to such refund (but only to the 

  
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extent of indemnity payments made, or additional amounts paid, by Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket
expenses of Administrative Agent, such Lender or Issuing Bank, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that Borrower, upon the request of
Administrative Agent, such Lender or Issuing Bank, agrees to repay the amount paid over to Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to Administrative Agent, such Lender or Issuing Bank
in the event Administrative Agent, such Lender or Issuing Bank is required to repay such refund to such Governmental Authority. This Section 4.10(f) shall not be construed to require Administrative Agent, any Lender or Issuing
Bank to make available its tax returns (or any other information relating to its taxes that it deems confidential) to Borrower or any other Person. 
 ARTICLE V. 
 CAPITAL ADEQUACY 

Section 5.01 Increased Costs. 
 (a) Increased Costs Generally. If any Change in Law shall: 
 (i) impose,
modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any Reserve
Requirement reflected in the LIBOR), or Issuing Bank; 
 (ii) subject any Lender or Issuing Bank to any tax of any kind
whatsoever with respect to this Agreement, any Letter of Credit, any participation in a Letter of Credit or any LIBOR Loans made by it, or change the basis of taxation of payments to such Lender or Issuing Bank in respect thereof (except for
Indemnified Taxes or Other Taxes covered by Section 3.01 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender or Issuing Bank); or 

(iii) impose on any Lender or Issuing Bank or the London interbank market any other condition, cost or expense affecting this Agreement
or LIBOR Loans made by such Lender or any Letter of Credit or participation therein; 
 and the result of any of the foregoing shall be to
increase the cost to such Lender of making, converting to, continuing or maintaining any LIBOR Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or Issuing Bank of participating in, issuing or
maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or Issuing Bank hereunder (whether of principal,
interest or any other amount) then, upon request of such Lender or Issuing Bank, Borrower will pay to such Lender or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Bank, as the case may
be, for such additional costs incurred or reduction suffered. 
 (b) Capital Requirements. If any Lender or Issuing Bank
determines that any Change in Law affecting such Lender or Issuing Bank or any Lending Office of such Lender or such Lender’s or Issuing Bank’s holding company, if any, regarding capital 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, the Commitments of such Lender or the Loans
made by, or participations in Letters of Credit held by, such 

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

(c) Certificates for Reimbursement. A certificate of a Lender or Issuing Bank setting forth the amount or amounts necessary to
compensate such Lender or Issuing Bank or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to Borrower, shall be conclusive absent manifest error.
Borrower shall pay such Lender or Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof. 
 (d) Delay in Requests. Failure or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of such
Lender’s or Issuing Bank’s right to demand such compensation, provided that Borrower shall not be required to compensate a Lender or Issuing Bank pursuant to this Section for any increased costs incurred or reductions suffered more than
nine months prior to the date that such Lender or Issuing Bank, as the case may be, notifies 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 (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine-month period referred to above shall be extended to include the period of retroactive effect thereof).

 Section 5.02 Limitation on LIBOR Loans. Anything herein to the contrary notwithstanding, if, on or prior to the
determination of any LIBOR for any Interest Period: 
 (a) Administrative Agent determines (which determination shall be
conclusive, absent manifest error) that quotations of interest rates for the relevant deposits referred to in the definition of “LIBOR” in Section 1.02 are not being provided in the relevant amounts or for the
relevant maturities for purposes of determining rates of interest for LIBOR Loans as provided herein; or 
 (b) Administrative
Agent determines (which determination shall be conclusive, absent manifest error) that the relevant rates of interest referred to in the definition of “LIBOR” in Section 1.02 upon the basis of which the rate of
interest for LIBOR Loans for such Interest Period is to be determined are not sufficient to adequately cover the cost to the Lenders of making or maintaining LIBOR Loans; 
 then Administrative Agent shall give Borrower prompt notice thereof, and so long as such condition remains in effect, the Lenders shall be under no obligation to make or maintain LIBOR Loans hereunder.

 Section 5.03 Illegality. 
 (a) If any Lender determines that the introduction of any Governmental Requirement, or any Change in Law, or in the interpretation or administration of any Governmental Requirement, has, since the Closing
Date, made it unlawful, or that, since the Closing Date, any central bank or other Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make LIBOR Loans, then, on notice thereof by the Lender to
Borrower through Administrative Agent, any obligation of that Lender to make LIBOR Loans shall be suspended until the Lender notifies Administrative Agent and Borrower that the circumstances giving rise to such determination no longer exist; such
notice to be promptly given upon the determination that such circumstances no longer exist. 

  
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 (b) If a Lender determines that it is unlawful to maintain any LIBOR Loan, Borrower shall,
upon its receipt of notice of such fact and demand from such Lender (with a copy to Administrative Agent), convert such LIBOR Loans of that Lender then outstanding into a Base Rate Loan without regard to conditions precedent described in
Section 6.02, either on the last day of the Interest Period thereof, if the Lender may lawfully continue to maintain such LIBOR Loans to such day, or immediately, if the Lender may not lawfully continue to maintain such LIBOR
Loan. Upon any such conversion, Borrower shall pay accrued interest on the amount so converted. In addition, if any such conversion occurs on a day which is not the last day of the then current Interest Period with respect thereto, Borrower shall
pay the affected Lender such amounts, if any, as may be required pursuant to Section 5.05. 
 (c) If the
obligation of any Lender to make or maintain LIBOR Loans has been so terminated or suspended, all Loans which would otherwise be made or maintained by the Lender as LIBOR Loans shall be instead Base Rate Loans. 

Section 5.04 Compensation. Borrower shall pay to each Lender within thirty (30) days of receipt of written request of
such Lender (which request shall set forth, in reasonable detail, the basis for requesting such amounts and which shall be conclusive and binding for all purposes provided that such determinations are made on a reasonable basis), such amount or
amounts as shall compensate it for any loss, cost, expense or liability which such Lender determines are attributable to: 
 (a)
any payment, prepayment or conversion of a LIBOR Loan properly made by such Lender or Borrower for any reason (including, without limitation, the acceleration of the Loans pursuant to Section 10.01) on a date other than the last
day of the Interest Period for such Loan; or 
 (b) any failure by Borrower for any reason (including but not limited to, the
failure of any of the conditions precedent specified in Article VI to be satisfied) to borrow, continue or convert a LIBOR Loan from such Lender on the date for such borrowing, continuation or conversion specified in the relevant
notice given pursuant to Section 2.02(c). 
 Without limiting the effect of the preceding sentence, such compensation shall
include an amount equal to the excess, if any, of (i) the amount of interest which would have accrued on the principal amount so paid, prepaid or converted or not borrowed for the period from the date of such payment, prepayment or conversion
or failure to borrow to the last day of the Interest Period for such Loan (or, in the case of a failure to borrow, the Interest Period for such Loan which would have commenced on the date specified for such borrowing) at the applicable rate of
interest for such Loan provided for herein over (ii) the interest component of the amount such Lender would have bid in the London interbank market for Dollar deposits of leading banks in amounts comparable to such principal amount and with
maturities comparable to such period (as reasonably determined by such Lender). 
 Section 5.05 Certificates of Lenders.
Any Lender claiming reimbursement or compensation under Section 4.05 or this Article V shall deliver to Borrower (with a copy to Administrative Agent) a certificate setting forth in reasonable detail the
amount payable to the Lender hereunder and such certificate shall be conclusive and binding on Borrower in the absence of manifest error. 
 Section 5.06 Replacement Lenders; Mitigation Obligations. 
 (a)
Designation of a Different Lending Office. If any Lender requests compensation under Section 5.01, or Borrower is required to pay any additional amount to any Lender or any

  
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Governmental Authority for the account of any Lender pursuant to Section 4.05, or if any Lender gives a notice pursuant to Section 5.03, 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 to Section 4.05 or 5.01, as the case may be, in the future, or eliminate the need for the notice pursuant to
Section 5.03, as applicable, and (ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. Borrower hereby agrees to pay all reasonable
costs and expenses incurred by any Lender in connection with any such designation or assignment. 
 (b) Replacement of
Lenders. If any Lender requests compensation under Section 5.01, or if Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to
Section 4.05, or if any Lender becomes a Defaulting Lender and continues as a Defaulting Lender for more than five (5) Business Days at any time, or if any Lender refuses to consent to any amendment, waiver or other
modification of any Loan Document requested by Borrower that requires the consent or a greater percentage of the Lenders than the Majority Lenders and such amendment, waiver or other modification is consented to by the Majority Lenders, then
Borrower may, at its sole expense and effort, upon notice to such Lender and Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required
by, Section 12.05), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender
accepts such assignment), provided, that: 
 (i) Borrower shall have paid to Administrative Agent the assignment fee
specified in Section 12.05. 
 (ii) such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans and participations in Letters of Credit, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under
Section 5.04) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or Borrower (in the case of all other amounts); 
 (iii) in the case of any such assignment resulting from a claim for compensation under Section 5.01 or payments required to be made pursuant to Section 4.05, such
assignment will result in a reduction in such compensation or payments thereafter; and 
 (iv) such assignment does not conflict
with applicable law. 
 A Lender shall not be required to make such assignment or delegation if, prior thereto, as a result of a waiver by such
Lender or otherwise, the circumstances entitling Borrower to require such assignment and delegation cease to apply. Solely for purposes of effecting the assignment required for a Defaulting Lender under this Section 5.06(b) and to
the extent permitted under applicable Governmental Requirements, each Lender hereby designates and appoints Administrative Agent as true and lawful agent and attorney-in-fact, with full power and authority, for and on behalf of and in the name of
such Lender to execute, acknowledge and deliver the Assignment and Acceptance required hereunder if such Lender was a Defaulting Lender and such Lender shall be bound thereby as fully and effectively as if such Lender had personally executed,
acknowledged and delivered the same. 

  
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 ARTICLE VI. 
 CONDITIONS PRECEDENT 
 Section 6.01 Initial Funding. The
effectiveness of this Agreement and the obligation of each Lender and Issuing Bank to make its Initial Funding hereunder is subject to the receipt by Administrative Agent of the following documents, each of which shall be satisfactory to
Administrative Agent in form and substance, and satisfaction of the other conditions provided in this Section 6.01: 
 (a) A certificate of the Secretary or an Assistant Secretary of Borrower, setting forth (i) resolutions of its board of directors with respect to Borrower’s authorization to execute and deliver
the Loan Documents, to which it is a party and to enter into the transactions contemplated in those documents, (ii) the Responsible Officers of Borrower (y) who are authorized to sign the Loan Documents to which Borrower is a party and
(z) who will, until replaced by another officer or officers duly authorized for that purpose, act as its representative for the purposes of signing documents and giving notices and other communications in connection with this Agreement and the
transactions contemplated hereby, (iii) specimen signatures of the authorized officers, and (iv) the articles or certificate of organization, incorporation and bylaws, as applicable, of Borrower, certified as being true and complete.
Administrative Agent and the Lenders may conclusively rely on such certificate until Administrative Agent receives notice in writing from Borrower to the contrary. 
 (b) A certificate of the Secretary or an Assistant Secretary of each Guarantor setting forth (i) resolutions of its or its general partner’s board of directors or managers, as applicable, with
respect to the authorization of such Guarantor to execute and deliver the Loan Documents to which it is a party and to enter into the transactions contemplated in those documents, (ii) the officers of such Guarantor (y) who are authorized
to sign the Loan Documents to which such Guarantor is a party and (z) who will, until replaced by another officer or officers duly authorized for that purpose, act as its representative for the purposes of signing documents and giving notices
and other communications in connection with this Agreement and the transactions contemplated hereby, (iii) specimen signatures of the authorized officers, and (iv) the articles or certificate of organization, incorporation and bylaws (or
equivalent constituent documents) of such Guarantor, and its general partner, as applicable, certified as being true and complete. Administrative Agent and the Lenders may conclusively rely on such certificates until they receive notice in writing
from any Guarantor to the contrary. 
 (c) Certificates of the appropriate state agencies with respect to the existence, foreign
qualification and good standing of the Obligors. 
 (d) A compliance certificate which shall be substantially in the form of
Exhibit C, duly and properly executed by a Responsible Officer of Borrower and dated as of the date of the Initial Funding. 
 (e) Any Notes requested by the Lenders, duly completed and executed. 
 (f) The
Security Instruments, including those described on Exhibit D, duly completed and executed in sufficient number of counterparts for recording, as necessary. 
 (g) An opinion of The Bond Law Firm, counsel to the Obligors and from other local counsel acceptable to Administrative Agent with respect to the due formation, authorization and existence of the Obligors
and the enforceability of the Loan Documents and perfection of the Security Instruments under the laws of the states wherein the Oil and Gas Properties are located in form and substance satisfactory to Administrative Agent, as to such matters
incident to the transactions herein contemplated as Administrative Agent may reasonably request. 

  
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 (h) A certificate of insurance coverage of Borrower and each Guarantor evidencing that
Borrower and each Guarantor are carrying insurance in accordance with Section 7.18 and Section 8.03(b), and naming Administrative Agent as additional insured and loss payee. 

(i) Title information as Administrative Agent may require setting forth the status of title acceptable to Administrative Agent to at
least 80% of the value of the proved Oil and Gas Properties of Borrower and the Guarantors included in the Initial Reserve Report. 
 (j) Administrative Agent shall have been furnished with appropriate UCC search certificates and other evidence satisfactory to Administrative Agent with respect the Obligor’s Oil and Gas Properties
reflecting no prior Liens other than in favor of Administrative Agent. 
 (k) The Mortgaged Properties represent at least eighty
percent (80%) of the value of Oil and Gas Properties evaluated in the Initial Reserve Report. 
 (l) Administrative Agent
must be satisfied with the environmental condition of the Mortgaged Properties. 
 (m) Financial statements of Borrower and its
Consolidated Subsidiaries in form and substance satisfactory to Administrative Agent. 
 (n) Payment of all required fees to
Administrative Agent and Lenders, including fees and expenses arising under or referenced in the Fee Letter and Section 2.04, including all reasonable fees, charges and disbursements of special counsel to Administrative Agent
incurred. 
 (o) Certifications from the Obligors in the Security Instruments that no “Building” (as defined in
applicable flood insurance regulations) is included in the Mortgaged Property. 
 (p) Such other approvals, opinions, documents
or materials as Administrative Agent, any Lender or special counsel to Administrative Agent may reasonably request. 
 Section
6.02 Initial and Subsequent Loans and Letters of Credit. The obligation of the Lenders to make Loans to Borrower upon the occasion of each borrowing hereunder (including the Initial Funding), or to convert any Loan into a LIBOR Loan under
Section 2.02(e), and the obligation of Issuing Bank to issue, renew, extend or reissue Letters of Credit for the account of Borrower (including the Initial Funding), is subject to the conditions precedent that, as of the date of
such Loans or Letter of Credit issuance and after giving effect thereto: 
 (a) no Default or Event of Default shall have
occurred and be continuing; 
 (b) no Material Adverse Effect shall have occurred and be continuing; and 

(c) the representations and warranties made by Borrower in Article VII and in the Security Instruments shall be true
on and as of the date of the making of such Loans, conversion of such Loans into a LIBOR Loan, or issuance, renewal, extension or reissuance of a Letter of Credit with the same force and effect as if made on and as of such date and following such
new borrowing, except to the extent such representations and warranties are expressly limited to an earlier date, in which case they shall be true and correct as of such earlier date, or the Majority Lenders may expressly consent in writing to the
contrary. 

  
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 Each request for a borrowing or conversion or issuance, renewal, extension or reissuance of a Letter of
Credit by Borrower hereunder shall constitute a certification by Borrower to the effect set forth in Section 6.02(c) (both as of the date of such notice and, unless Borrower otherwise notifies Administrative Agent prior to the
date of and immediately following such borrowing or conversion or issuance, renewal, extension or reissuance of a Letter of Credit as of the date thereof). 
 Section 6.03 Conditions Precedent for the Benefit of Lenders and Issuing Bank. All conditions precedent to the obligations of the Lenders to make any Loan or Issuing Bank to issue, renew, extend or
reissue any Letter of Credit are imposed hereby solely for the benefit of the Lenders and Issuing Bank, and no other Person may require satisfaction of any such condition precedent or be entitled to assume that the Lenders will refuse to make any
Loan or Issuing Bank will refuse to issue, renew, extend or reissue any Letter of Credit in the absence of strict compliance with such conditions precedent. 
 Section 6.04 No Waiver. No waiver of any condition precedent shall preclude Administrative Agent, Issuing Bank or the Lenders from requiring such condition to be met prior to making any subsequent
Loan or issuing any subsequent Letter of Credit or preclude the Lenders from thereafter declaring that the failure of Borrower to satisfy such condition precedent constitutes a Default. 

ARTICLE VII. 
 REPRESENTATIONS AND WARRANTIES 
 Each of the Obligors represents and
warrants to Administrative Agent and the Lenders that (each representation and warranty herein is given as of the Closing Date and shall be deemed repeated and reaffirmed on the dates of each borrowing, conversion and issuance, renewal, extension or
reissuance of a Letter of Credit as provided in Section 6.02): 
 Section 7.01 Corporate Existence.
Each of the Obligors: (i) is a corporation, limited liability company or limited partnership duly organized, formed, legally existing and in good standing under the laws of the jurisdiction of its incorporation or formation, as applicable;
(ii) has all requisite corporate power, and has all material governmental licenses, authorizations, consents and approvals necessary to own its assets and carry on its business as now being or as proposed to be conducted; and (iii) is
qualified to do business in all jurisdictions in which the nature of the business conducted by it makes such qualification necessary and where failure so to qualify would have a Material Adverse Effect. 

Section 7.02 Financial Condition. The unaudited pro forma consolidated balance sheet of Borrower and its Consolidated Subsidiaries
as of September 30, 2011, and their related consolidated statements of income, owners’ equity and cash flow of Borrower and its Consolidated Subsidiaries for the three-month and nine-month periods ended on such date heretofore furnished to
Administrative Agent, are complete and correct and fairly present the consolidated financial condition of Borrower and its Consolidated Subsidiaries as at said date and the results of its operations for the three-month and nine-month periods on said
date, all in accordance with GAAP, as applied on a consistent basis (subject, in the case of the interim financial statements, to normal year-end adjustments). Neither Borrower nor any Subsidiary has on the Closing Date any material Debt, contingent
liabilities, liabilities for Taxes, unusual forward or long-term commitments or unrealized or anticipated losses from any unfavorable commitments, except as referred to or reflected or provided for in the Financial Statements or in
Schedule 7.02. Since the date of Borrower’s most recent consolidated balance sheet delivered to Administrative Agent, there has been no change or event having a Material Adverse Effect. Since the

  
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date of Borrower’s most recent consolidated balance sheet delivered to Administrative Agent, neither the business nor the Properties of Borrower or any Subsidiary have been materially and
adversely affected as a result of any fire, explosion, earthquake, flood, drought, windstorm, accident, strike or other labor disturbance, embargo, requisition or taking of Property or cancellation of contracts, permits or concessions by any
Governmental Authority, riot, activities of armed forces or acts of God or of any public enemy. 
 Section 7.03 Litigation.
Except as disclosed to the Lenders in Schedule 7.03 hereto, at the Closing Date there is no litigation, legal, administrative or arbitral proceeding, investigation or other action of any nature pending or, to the knowledge of
the Obligors threatened against or affecting the Obligors or any Subsidiary which involves the possibility of any judgment or liability against any Obligor or any Subsidiary not fully covered by insurance (except for normal deductibles), and which
would have a Material Adverse Effect. 
 Section 7.04 No Breach. Neither the execution and delivery of the Loan
Documents, nor compliance with the terms and provisions hereof will conflict with or result in a breach of, or require any consent which has not been obtained as of the Closing Date under, the respective charter or by-laws of the Obligors or any
Subsidiary, or any Governmental Requirement or any agreement or instrument to which any Obligor or any Subsidiary is a party or by which it is bound or to which it or its Properties are subject, or constitute a default under any such agreement or
instrument, or result in the creation or imposition of any Lien upon any of the revenues or assets of the Obligor or any Subsidiary pursuant to the terms of any such agreement or instrument other than the Liens created by the Loan Documents.

 Section 7.05 Authority. Each Obligor and each Subsidiary has all necessary corporate power and authority to execute,
deliver and perform its obligations under the Loan Documents to which it is a party; and the execution, delivery and performance by each Obligor and each Subsidiary of the Loan Documents to which it is a party, have been duly authorized by all
necessary corporate action on its part; and the Loan Documents constitute the legal, valid and binding obligations of each Obligor, enforceable in accordance with their terms. 
 Section 7.06 Approvals. No authorizations, approvals or consents of, and no filings or registrations with, any Governmental Authority or any other Person are necessary for the execution, delivery
or performance by any Obligor of the Loan Documents to which it is a party or for the validity or enforceability thereof, except for the recording and filing of the Security Instruments as required by this Agreement. 

Section 7.07 Use of Loans. The proceeds of the Loans shall be used (i) for the development of the Obligors’ Oil and Gas
Properties and the acquisition of Oil and Gas Properties and related assets by the Obligors, (ii) working capital, (iii) Letters of Credit in the aggregate outstanding at any time not to exceed $15,000,000 to support Borrower’s and
the Guarantors’ obligations, (iv) for general company purposes of Borrower and the Guarantors, and (v) to refinance the Existing Indebtedness under the Existing Credit Agreement. Neither Borrower nor any other Obligor is engaged
principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board of
Governors of the Federal Reserve System) and no part of the proceeds of any Loan hereunder will be used to buy or carry any margin stock. 
 Section 7.08 ERISA. 
 (a) Each Obligor, each Subsidiary of an Obligor and
each ERISA Affiliate have complied in all material respects with ERISA and, where applicable, the Code regarding each Plan. 

  
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 (b) Each Plan is, and has been, maintained in substantial compliance with ERISA and, where
applicable, the Code. 
 (c) No act, omission or transaction has occurred which could result in imposition on any Obligor, any
Subsidiary of an Obligor or any ERISA Affiliate (whether directly or indirectly) of (i) either a civil penalty assessed pursuant to section 502(c), (i) or (1) of ERISA or a tax imposed pursuant to Chapter 43 of Subtitle D of the Code
or (ii) breach of fiduciary duty liability damages under section 409 of ERISA. 
 (d) No Plan (other than a defined
contribution plan) or any trust created under any such Plan has been terminated since September 2, 1974. No liability to the PBGC (other than for the payment of current premiums which are not past due) by any Obligor, any Subsidiary of an
Obligor or any ERISA Affiliate has been or is expected by any Obligor, any Subsidiary of an Obligor or any ERISA Affiliate to be incurred with respect to any Plan. No ERISA Event with respect to any Plan has occurred. 

(e) Full payment when due has been made of all amounts which any Obligor, any Subsidiary of any Obligor or any ERISA Affiliate is
required under the terms of each Plan or applicable law to have paid as contributions to such Plan, and no accumulated funding deficiency (as defined in section 302 of ERISA and section 412 of the Code), whether or not waived, exists with
respect to any Plan. 
 (f) The actuarial present value of the benefit liabilities under each Plan which is subject to
Title IV of ERISA does not, as of the end of each Obligor’s most recently ended fiscal year, exceed the current value of the assets (computed on a plan termination basis in accordance with Title IV of ERISA) of such Plan allocable to such
benefit liabilities. The term “actuarial present value of the benefit liabilities” shall have the meaning specified in section 4041 of ERISA. 
 (g) No Obligor, Subsidiary of an Obligor or ERISA Affiliate sponsors, maintains, or contributes to an employee welfare benefit plan, as defined in section 3(l) of ERISA, including, without limitation, any
such plan maintained to provide benefits to former employees of such entities, that may not be terminated by such Obligor, Subsidiary of an Obligor or ERISA Affiliate in its sole discretion at any time without any material liability. 

(h) No Obligor, Subsidiary of an Obligor or ERISA Affiliate sponsors, maintains or contributes to, or has at any time in the preceding
six calendar years, sponsored, maintained or contributed to, any Multiemployer Plan. 
 (i) No Obligor, Subsidiary of an Obligor
or ERISA Affiliate is required to provide security under section 401 (a)(29) of the Code due to a Plan amendment that results in an increase in current liability for the Plan. 
 Section 7.09 Taxes. Except as set out in Schedule 7.09, each Obligor and its Subsidiaries has filed all United States federal income tax returns and all other state and non-federal
tax returns which are required to be filed by them and have paid all material taxes due pursuant to such returns or pursuant to any assessment received by any Obligor or any Subsidiary. The charges, accruals and reserves on the books of each Obligor
and its Subsidiaries in respect of taxes and other governmental charges are, in the opinion of Borrower, adequate. Except for tax liens that are Excepted Liens, no tax lien has been filed and, to the knowledge of the Obligors, no claim is being
asserted with respect to any such tax, fee or other charge. 

  
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 Section 7.10 Titles, etc. 

(a) Each of the Obligors and its Subsidiaries has good and defensible title to its material (individually or in the aggregate) Properties,
free and clear of all Liens, except Liens permitted by Section 9.02. After giving full effect to the Excepted Liens, each Obligor owns the net interests in production attributable to its Hydrocarbon Interests reflected in the most
recently delivered Reserve Report and the ownership of such Properties shall not in any material respect obligate such Obligor to bear the costs and expenses relating to the maintenance, development and operations of each such Property in an amount
in excess of the working interest of each Property set forth in the most recently delivered Reserve Report. All information contained in the most recently delivered Reserve Report is true and correct in all material respects as of the date thereof.

 (b) All leases and agreements necessary for the conduct of the business of each Obligor and its Subsidiaries are valid and
subsisting, in full force and effect and there exists no default or event or circumstance which with the giving of notice or the passage of time or both would give rise to a default under any such lease or leases, which would affect in any material
respect the conduct of the business of any Obligor and its Subsidiaries. 
 (c) The rights, Properties and other assets
presently owned, leased or licensed by each Obligor and its Subsidiaries including, without limitation, all easements and rights of way, include all rights, Properties and other assets necessary to permit each Obligor and its Subsidiaries to conduct
its business in all material respects in the same manner as its business has been conducted prior to the Closing Date. 
 (d)
All of the assets and Properties of each Obligor and its Subsidiaries which are reasonably necessary for the operation of its business are in good working condition and are maintained in accordance with prudent business standards. In no event is any
Building (as defined in the applicable Flood Insurance Regulations) or Manufactured (Mobile) Home (as defined in the applicable Flood Insurance Regulations) included in the definition of “Mortgaged Property” in the Security
Instruments and no Building or Manufactured (Mobile) Home is encumbered by the Security Instruments. As used herein, “Flood Insurance Regulations” shall mean (i) the National Flood Insurance Act of 1968 as now or
hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 (amending 42 USC
4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder. 
 Section 7.11 No Material Misstatements. No written information, statement, exhibit, certificate, document or report furnished to Administrative Agent, Issuing Bank and the Lenders (or any of them)
by any Obligor or any Subsidiary in connection with the negotiation of this Agreement contained any material misstatement of fact or omitted to state a material fact or any fact necessary to make the statement contained therein not materially
misleading in the light of the circumstances in which made and with respect to the Obligors and their Subsidiaries taken as a whole. There is no fact peculiar to any Obligor or any Subsidiary which has a Material Adverse Effect or in the future is
reasonably likely to have (so far as the Obligors can now foresee) a Material Adverse Effect and which has not been set forth in this Agreement or the other documents, certificates and statements furnished to Administrative Agent by or on behalf of
the Obligors or any Subsidiary prior to, or on, the Closing Date in connection with the transactions contemplated hereby. 

Section 7.12 Regulated Entities. None of the Obligors nor any Subsidiary is an “investment company” or a company
“controlled” by an “investment company,” within the meaning of the Investment Company Act of 1940 (the “ICA”), as amended, provided that Borrower and its Subsidiaries are within the
definition set forth in Section 2(a)(36) of the ICA, and are exempted pursuant to Section 3(c)(9) of the ICA. None of the Obligors, or any Person controlling any Obligor, is subject to regulation under the Federal Power Act, the Interstate
Commerce Act, any state public utilities code, or any other federal or state statute or regulation limiting its ability to incur Debt. 

  
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 Section 7.13 Subsidiaries and Other Equity Interests. As of the Closing Date, no
Obligor has any Subsidiary, Unrestricted Subsidiary or other equity investment other than those specifically disclosed in Schedule 7.13 hereto. As of the Closing Date, each Obligor owns the percentage interest of all issued and
outstanding equity in each Subsidiary, Unrestricted Subsidiary or other material equity investment described on Schedule 7.13. 
 Section 7.14 Location of Business and Offices. Each Obligor’s principal place of business and chief executive offices are located at the address stated on the signature page of this Agreement.
The principal place of business and chief executive office of each Subsidiary are located at the addresses stated on Schedule 7.14. 
 Section 7.15 Defaults. None of the Obligors nor any Subsidiary is in default nor has any event or circumstance occurred which, but for the expiration of any applicable grace period or the giving of
notice, or both, would constitute a default under any Material Agreement or instrument to which any Obligor or any Subsidiary is a party or by which any Obligor or any Subsidiary is bound. No Default hereunder has occurred and is continuing.

 Section 7.16 Environmental Matters. Except as provided in Schedule 7.16 or as would not have a Material
Adverse Effect (or with respect to subsections (c), (d) and (e) below, where the failure to take such actions would not have a Material Adverse Effect): 

(a) Neither any Property of any Obligor or any Obligor’s Subsidiary nor the operations conducted thereon violate any order or
requirement of any court or Governmental Authority or any Environmental Laws; 
 (b) Without limitation of clause (a)
above, no Property of any Obligor or any Obligor’s Subsidiary nor the operations currently conducted thereon or, to the best knowledge of the Obligors, by any prior owner or operator of such Property or operation, are in violation of or subject
to any existing, pending or threatened action, suit, investigation, inquiry or proceeding by or before any court or Governmental Authority or to any remedial obligations under Environmental Laws; 

(c) All notices, permits, licenses or similar authorizations, if any, required to be obtained or filed in connection with the operation
or use of any and all Property of the Obligors and their Subsidiaries, including without limitation past or present treatment, storage, disposal or Release of Hazardous Materials into the environment, have been duly obtained or filed, and the
Obligors and each Subsidiary are in compliance with the terms and conditions of all such notices, permits, licenses and similar authorizations; 
 (d) All Hazardous Materials, if any, generated on any and all Property of any Obligor or any Subsidiary of an Obligor have in the past been transported, treated and disposed of in accordance with
Environmental Laws and so as not to pose an imminent and substantial endangerment to public health or welfare or the environment, and, to the best knowledge of the Obligors, all such transport carriers and treatment and disposal facilities have been
and are operating in compliance with Environmental Laws and so as not to pose an imminent and substantial endangerment to public health or welfare or the environment, and are not the subject of any existing, pending or threatened action,
investigation or inquiry by any Governmental Authority in connection with any Environmental Laws; 

  
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 (e) The Obligors have taken all steps reasonably necessary to determine and have determined
that no Hazardous Materials, have been Released and there has been no threatened Release of any Hazardous Materials on or to any Property of any Obligor or any Subsidiary of an Obligor, except in compliance with Environmental Laws and so as not to
pose an imminent and substantial endangerment to public health or welfare or the environment; 
 (f) To the extent applicable,
all Property of the Obligors and each Subsidiary of an Obligor currently satisfies all design, operation, and equipment requirements imposed by the Oil Pollution Act of 1990 (“OPA”) or scheduled as of the Closing Date to be
imposed by OPA during the term of this Agreement, and the Obligors do not have any reason to believe that such Property, to the extent subject to OPA, will not be able to maintain compliance with the OPA requirements during the term of this
Agreement; and 
 (g) None of the Obligors nor any Subsidiary of an Obligor has any known contingent liability in connection
with any release or threatened release of any oil, hazardous substance or solid waste into the environment. 
 Section 7.17
Compliance with the Law. None of the Obligors nor any Subsidiary of an Obligor has violated any Governmental Requirement or failed to obtain any license, permit, franchise or other governmental authorization necessary for the ownership of any
of its Properties or the conduct of its business, which violation or failure would have (in the event such violation or failure were asserted by any Person through appropriate action) a Material Adverse Effect. Except for such acts or failures to
act as would not have a Material Adverse Effect, the Oil and Gas Properties of the Obligors (and properties unitized therewith) have been maintained, operated and developed in a good and workmanlike manner and in conformity with all applicable laws
and all rules, regulations and orders of all duly constituted authorities having jurisdiction and in conformity with the provisions of all leases, subleases or other contracts comprising a part of the Hydrocarbon Interests and other contracts and
agreements forming a part of such Oil and Gas Properties; specifically in this connection, (i) after the Closing Date, no Oil and Gas Property of any Obligor is subject to having allowable production reduced below the full and regular allowable
(including the maximum permissible tolerance) because of any overproduction (whether or not the same was permissible at the time) prior to the Closing Date and (ii) none of the wells comprising a part of the Oil and Gas Properties of any
Obligor (or properties unitized therewith) are deviated from the vertical more than the maximum permitted by applicable laws, regulations, rules and orders, and such wells are, in fact, bottomed under and are producing from, and the well bores are
wholly within, such Oil and Gas Properties (or in the case of wells located on properties unitized therewith, such unitized properties). 
 Section 7.18 Insurance. Schedule 7.18 attached hereto contains an accurate and complete description of all material policies of fire, liability, workers’ compensation and
other forms of insurance owned or held by the Obligors and each Subsidiary. All such policies are in full force and effect, all premiums with respect thereto covering all periods up to and including the date of the closing have been paid, and no
notice of cancellation or termination has been received with respect to any such policy. Such policies are sufficient for compliance with all requirements of law and of all agreements to which any Obligor or any Subsidiary is a party; are valid,
outstanding and enforceable policies; provide adequate insurance coverage in at least such amounts and against at least such risks (but including in any event public liability) as are usually insured against in the same general area by companies
engaged in the same or a similar business for the assets and operations of the Obligors and each Subsidiary; will remain in full force and effect through the respective dates set forth in Schedule 7.18 without the payment of
additional premiums; and will not in any way be affected by, or terminate or lapse by reason of, the transactions contemplated by this Agreement. Schedule 7.18 identifies all material risks, if any, which each Obligor and its
Subsidiaries and their respective Board of Directors or officers have designated as being self 
 insured. None of the Obligors nor any
Subsidiary has been refused any insurance with respect to its assets or operations, nor has its coverage been limited below usual and customary policy limits, by an insurance carrier to which it has applied for any such insurance or with which it
has carried insurance during the last three years. 

  
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 Section 7.19 Hedging Agreements. Schedule 7.19 sets forth, as of
the Closing Date, a true and complete list of all Hedging Agreements (including commodity price swap agreements, forward agreements or contracts of sale which provide for prepayment for deferred shipment or delivery of oil, gas or other commodities)
of the Obligors and each Subsidiary, the material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes), the net mark to market value thereof, all credit support agreements relating thereto
(including any margin required or supplied), and the counter party to each such agreement. 
 Section 7.20 Restriction on
Liens. None of the Obligors nor any of their Subsidiaries is a party to any agreement or arrangement (other than this Agreement and the Security Instruments), or subject to any order, judgment, writ or decree, which either restricts or purports
to restrict its ability to grant Liens to other Persons on or in respect of their respective assets or Properties. 
 Section
7.21 Material Agreements. Set forth on Schedule 7.21 is a complete list of all agreements, leases, indentures, purchase agreements, obligations in respect of letters of credit, guarantees, joint venture agreements, and other
instruments which are material to the Obligors’ business, activities, and operation or ownership of the Obligors’ Property (the “Material Agreements”) in effect or to be in effect as of the Closing Date (other than
Hedging Agreements) providing for, evidencing, securing or otherwise relating to any Debt of any Obligor or any of its Subsidiaries, and all obligations of any Obligor or its Subsidiaries to issuers of surety or appeal bonds issued for account of
any Obligor or any such Subsidiary. Borrower shall also make available to Administrative Agent and the Lenders all Material Agreements and other agreements and instruments (excluding any such agreements and other instruments that are cancelable upon
60 or less days notice) of each Obligor and its Subsidiaries relating to the purchase, transportation by pipeline, gas processing, marketing, sale and supply of natural gas and other Hydrocarbons, but in any event, any such agreement or other
instrument that will account for more than 10% of the sales of the Obligors’ and their Subsidiaries during Borrower’s current fiscal year. Upon request by Administrative Agent, Borrower shall deliver, or caused to be delivered, to
Administrative Agent and the Lenders a complete and correct copy of all such material credit agreements, indentures, purchase agreements, contracts, letters of credit, guarantees, joint venture agreements, or other instruments, including any
modifications or supplements thereto, as in effect on the Closing Date. 
 Section 7.22 Gas Imbalances. As of the Closing
Date, except as set forth on Schedule 7.22 or on the most recent certificate delivered pursuant to Section 8.07(c), on a net basis there are no gas imbalances, take or pay or other prepayments with respect to the
Obligors’ Oil and Gas Properties which would require the Obligors to deliver, in the aggregate, five percent (5%) or more of the monthly production from Hydrocarbons produced from their Oil and Gas Properties at some future time without
then or thereafter receiving full payment therefor. 
 Section 7.23 Relationship of Obligors. The Obligors are engaged in
related businesses and each Obligor is directly and indirectly dependent upon each other Obligor for and in connection with their business activities and their financial resources. Each Obligor has determined, reasonably and in good faith, that such
Obligor will receive substantial direct and indirect economic and financial benefits from the extensions of credit made under this Agreement, and such extensions of credit are in the best interests of such Obligor, having regard to all relevant
facts and circumstances. 

  
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 Section 7.24 Solvency. Borrower and its Subsidiaries individually and on a
consolidated basis are not insolvent as such term is used and defined in the Bankruptcy Code. 
 ARTICLE VIII. 

AFFIRMATIVE COVENANTS 
 Each of the Obligors covenants and agrees that, so long as any of the Commitments are in effect or any Letter of Credit remains outstanding, and until payment in full of all Loans hereunder, all interest
thereon and all other amounts payable by the Obligors hereunder: 
 Section 8.01 Reporting Requirements. The Obligors
shall deliver, or shall cause to be delivered, to Administrative Agent with sufficient copies of each for the Lenders: 
 (a)
Annual Financial Statements. As soon as available and in any event within ninety (90) days after the end of each fiscal year of Borrower commencing year ending 2011, the audited consolidated and unaudited consolidating statements of
income, stockholders’ equity, changes in financial position and cash flow of Borrower and its Consolidated Subsidiaries for such fiscal year, and the related consolidated and consolidating balance sheets of Borrower and its Consolidated
Subsidiaries as at the end of such fiscal year, and setting forth in each case in comparative form the corresponding figures for the preceding fiscal year, and accompanied by the related opinion of independent public accountants of recognized
national standing acceptable to Administrative Agent which opinion shall state that said financial statements fairly present the consolidated and consolidating financial condition and results of operations of Borrower and its Consolidated
Subsidiaries as at the end of, and for, such fiscal year and that such financial statements have been prepared in accordance with GAAP, except for such changes in such principles with which the independent public accountants shall have concurred and
such opinion shall not contain a “going concern” or like qualification or exception, and a certificate of such accountants stating that, in making the examination necessary for their opinion, they obtained no knowledge, except as
specifically stated, of any Default. 
 (b) Quarterly Financial Statements. As soon as available and in any event within
forty-five (45) days after the end of each of the first three fiscal quarterly periods of each fiscal year of Borrower, consolidated and consolidating statements of income, stockholders’ equity, changes in financial position and cash flow
of Borrower and its Consolidated Subsidiaries for such period and for the period from the beginning of the respective fiscal year to the end of such period, and the related consolidated and consolidating balance sheets as at the end of such period,
and setting forth in each case in comparative form the corresponding figures for the corresponding period in the preceding fiscal year, accompanied by the certificate of a Responsible Officer, which certificate shall state that said financial
statements fairly present the consolidated and consolidating financial condition and results of operations of Borrower and its Consolidated Subsidiaries in accordance with GAAP, as at the end of, and for, such period (subject to normal year-end
audit adjustments) 
 (c) Notice of Default, Etc. Promptly after any Obligor knows that any Default, Event of Default,
labor dispute, or any Material Adverse Effect has occurred, a notice of such Default or Material Adverse Effect, describing the same in reasonable detail and the action Borrower or such Obligor proposes to take with respect thereto. 

(d) Other Accounting Reports. Promptly upon receipt thereof, a copy of each other report or letter submitted to Borrower or any
Subsidiary by independent accountants in connection with any annual, interim or special audit made by them of the books of Borrower or any Subsidiary, and a copy of any response by Borrower or any Subsidiary of Borrower, or the Board of Directors of
Borrower or any Subsidiary of Borrower, to such letter or report. 

  
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 (e) Notices Under Other Loan Agreements. Promptly after the furnishing thereof,
copies of any statement, report or notice furnished to any Obligor or its Subsidiary pursuant to the terms of any indenture, loan or credit or other similar agreement, other than this Agreement and not otherwise required to be furnished to the
Lenders pursuant to any other provision of this Section 8.01. 
 (f) Other Matters. From time to time
such other information regarding the business, affairs or financial condition of any Obligor or its Subsidiary (including, without limitation, any Plan or Multiemployer Plan and any reports or other information required to be filed under ERISA) as
any Lender or Administrative Agent may reasonably request. 
 (g) Hedging Agreements. As soon as available and in any
event within fifteen (15) Business Days after the last day of each fiscal quarter, a report, in form and substance satisfactory to Administrative Agent, setting forth as of the last Business Day of such fiscal quarter a true and complete list
of all Hedging Agreements (including commodity price swap agreements, forward agreements or contracts of sale which provide for prepayment for deferred shipment or delivery of oil, gas or other commodities) of the Obligors and each Subsidiary, the
material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes), the net mark to market value therefor, any new credit support agreements relating thereto not listed on
Schedule 7.19, any margin required or supplied under any credit support document, and the counter party to each such agreement. 
 (h) SEC Filings, Etc. Promptly upon it becoming available, each financial statement, report, notice or proxy statement sent by Borrower to stockholders generally and each regular or periodic report
and any registration statement, prospectus or written communication (other than transmittal letters) in respect thereof filed by Borrower with or received by Borrower in connection therewith from any securities exchange or the SEC or any successor
agency. 
 Borrower will furnish to Administrative Agent, at the time it furnishes each set of financial statements pursuant to
paragraph (a) or (b) above, a certificate substantially in the form of Exhibit C executed by a Responsible Officer (i) certifying as to the matters set forth therein and stating that no Default has occurred and is
continuing (or, if any Default has occurred and is continuing, describing the same in reasonable detail), and (ii) setting forth in reasonable detail the computations necessary to determine whether Borrower is in compliance with
Sections 9.12 and 9.13 as of the end of the respective fiscal quarter or fiscal year. 

Section 8.02 Litigation. The Obligors shall promptly give to Administrative Agent notice of (i) all legal or arbitral
proceedings, and of all proceedings before any Governmental Authority affecting any Obligor or any Subsidiary, except proceedings which, if adversely determined, would not reasonably be expected to have a Material Adverse Effect, and (ii) any
litigation or proceeding against or adversely affecting any Obligor or any Subsidiary in which the amount claimed exceeds $1,000,000 and is not covered in full by insurance (subject to normal and customary deductibles and for which the insurer has
not assumed the defense), or in which injunctive or similar relief is sought. Each Obligor will, and will cause each of its Subsidiaries to, promptly notify Administrative Agent and each of the Lenders of any claim, judgment, Lien or other
encumbrance affecting any Property of such Obligor or any Subsidiary if the value of the claim, judgment, Lien, or other encumbrance affecting such Property shall exceed $1,000,000. 

  
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 Section 8.03 Maintenance, Etc. 

(a) Generally. Each Obligor shall and shall cause each of its Subsidiaries to: preserve and maintain its organization existence and
all of its material rights, privileges and franchises; keep books of record and account in which full, true and correct entries will be made of all dealings or transactions in relation to its business and activities; comply with all Governmental
Requirements if failure to comply with such requirements will have a Material Adverse Effect; pay and discharge all Taxes, assessments and governmental charges or levies imposed on it or on its income or profits or on any of its Property prior to
the date on which penalties attach thereto, except for any such tax, assessment, charge or levy the payment of which is being contested in good faith and by proper proceedings and against which adequate reserves are being maintained; upon reasonable
notice, permit representatives of Administrative Agent or any Lender, during normal business hours, to examine, copy and make extracts from its books and records, to inspect its Properties, and to discuss its business and affairs with its officers,
all to the extent reasonably requested by such Lender or Administrative Agent (as the case may be); and keep, or cause to be kept, insured by financially sound and reputable insurers all Property of a character usually insured by Persons engaged in
the same or similar business similarly situated against loss or damage of the kinds and in the amounts customarily insured against by such Persons and carry such other insurance as is usually carried by such Persons including, without limitation,
environmental risk insurance to the extent reasonably available. 
 (b) Proof of Insurance. Contemporaneously with the
delivery of the financial statements required by Section 8.01(a), Borrower will furnish or cause to be furnished to Administrative Agent and the Lenders a certificate of insurance coverage from the insurer in form and substance
satisfactory to Administrative Agent listing Administrative Agent as “loss payee” and “additional insured” and, if requested, will furnish Administrative Agent and the Lenders copies of the applicable policies. 

(c) Oil and Gas Properties. Each Obligor will and will cause each of its Subsidiaries to, at its own expense, do or cause to be
done all things reasonably necessary to preserve and keep in good repair, working order and efficiency all of its Oil and Gas Properties and other material Properties including, without limitation, all equipment, machinery and facilities, and from
time to time will make all the reasonably necessary repairs, renewals and replacements so that at all times the state and condition of its Oil and Gas Properties and other material Properties will be fully preserved and maintained, except to the
extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts. Each Obligor will and will cause each of its Subsidiaries to promptly: (i) pay and discharge, or make reasonable and
customary efforts to cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties, (ii) perform or make reasonable
and customary efforts to cause to be performed, in accordance with industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas
Properties and other material Properties, (iii) do all other things necessary to keep unimpaired, except for Liens described in Section 9.02, its rights with respect to its Oil and Gas Properties and other material Properties
and prevent any forfeiture thereof or a default thereunder, except to the extent a portion of such Properties is no longer capable of producing Hydrocarbons in economically reasonable amounts and except for Transfers permitted by
Section 9.14. Each Obligor will and will cause each of its Subsidiaries to operate its Oil and Gas Properties and other material Properties or cause or make reasonable and customary efforts to cause such Oil and Gas Properties and
other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance in all material respects with all
Governmental Requirements. 

  
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 Section 8.04 Environmental Matters. 

(a) Establishment of Procedures. The Obligors will and will cause each of their Subsidiaries to establish and implement such
procedures as may be reasonably necessary to continuously determine and assure that any failure of the following does not have a Material Adverse Effect: (i) all Property of the Obligors and their Subsidiaries and the operations conducted
thereon and other activities of the Obligors and their Subsidiaries are in compliance with and do not violate the requirements of any Environmental Laws, (ii) no Hazardous Materials are Released on or to any Property owned by any such party
except in compliance with Environmental Laws, (iii) no Hazardous Materials will be Released on or to any such Property in a quantity equal to or exceeding that quantity which requires reporting pursuant to Section 103 of the Comprehensive
Environmental, Response, Compensation, and Liability Act of 1980, as amended, and (iv) no Hazardous Materials are Released on or to any such Property so as to pose an imminent and substantial endangerment to public health or welfare or the
environment. 
 (b) Notice of Action. The Obligors will promptly notify Administrative Agent and the Lenders in writing
of any threatened action, investigation or inquiry by any Governmental Authority of which any Obligor has knowledge in connection with any Environmental Laws, excluding routine testing and corrective action. 

(c) Future Acquisitions. The Obligors will and will cause each of their Subsidiaries to provide environmental audits and tests in
accordance with American Society for Testing and Materials standards as reasonably requested by Administrative Agent and the Lenders (or as otherwise required to be obtained by Administrative Agent or the Lenders by any Governmental Authority) in
connection with any material future acquisitions of Oil and Gas Properties or other material Properties. 
 Section 8.05
Further Assurances. The Obligors will and will cause each of their Subsidiaries to cure promptly any defects in the creation and issuance of any Notes and the execution and delivery of the Security Instruments and this Agreement. The Obligors
at their expense will and will cause each Subsidiary to promptly execute and deliver to Administrative Agent upon request all such other documents, agreements and instruments to comply with or accomplish the covenants and agreements of the Obligors
or any of their Subsidiaries, as the case may be, in any Loan Document, or to further evidence and more fully describe the collateral intended as security for the Indebtedness, or to correct any omissions in any Loan Document, or to state more fully
the security obligations set out herein or in any Loan Document, or to perfect, protect or preserve any Liens created pursuant to any of the Security Instruments, or to make any recordings, to file any notices or obtain any consents, all as may be
necessary or appropriate in connection therewith. 
 Section 8.06 Performance of Obligations. Borrower will pay the Notes
(if any) and the Indebtedness under this Agreement according to the reading, tenor and effect thereof; and the Obligors will and will cause each of their Subsidiaries to do and perform every act and discharge all of the obligations to be performed
and discharged by them under this Agreement and any other Loan Document, at the time or times and in the manner specified. 

Section 8.07 Engineering Reports. 
 (a) Not less than thirty (30) days prior to each Scheduled Borrowing Base Determination Date, commencing with the Scheduled Borrowing Base Determination to occur on or around May 1, 2012,
Borrower shall furnish to Administrative Agent and the Lenders a Reserve Report. The Reserve Report due not less than thirty (30) days prior to May 1 of each year shall be prepared by certified independent petroleum engineers or other
independent petroleum consultant(s) acceptable to Administrative Agent and the Reserve Report due not less than thirty (30) days prior to November 1 of each year shall be prepared by or under the supervision of the chief engineer of the
Obligors and for which a Responsible Officer shall certify such Reserve Report to be true and accurate and to have been prepared in accordance with the procedures used in the immediately proceeding May 1 Reserve Report. 

  
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 (b) In the event of an unscheduled redetermination, Borrower shall furnish to Administrative
Agent and the Lenders a Reserve Report prepared by or under the supervision of the chief engineer of the Obligors together with the certificate of a Responsible Officer who shall certify such Reserve Report to be true and accurate and to have been
prepared in accordance with the procedures used in the immediately preceding Reserve Report. For any unscheduled redetermination requested by the Lenders or Borrower pursuant to Section 2.06(c), Borrower shall provide such Reserve
Report with an “as of” date as required by the Lenders as soon as possible, but in any event no later than thirty (30) days following the receipt of the request by Administrative Agent. 

(c) With the delivery of each Reserve Report, Borrower shall provide, or cause to be provided, to Administrative Agent and the Lenders, a
certificate from a Responsible Officer certifying that, to the best of his knowledge and in all material respects: (i) the information contained in the Reserve Report and any other information delivered in connection therewith is true and
correct, (ii) the Obligors own good and defensible title to the Oil and Gas Properties evaluated in such Reserve Report and such Properties are free of all Liens except for Liens permitted by Section 9.02, (iii) except
as set forth on an exhibit to the certificate, on a net basis there are no gas imbalances, take or pay or other prepayments with respect to the Oil and Gas Properties evaluated in such Reserve Report which would require any Obligor to deliver
Hydrocarbons produced from such Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor, (iv) none of the Oil and Gas Properties have been sold since the date of the last Borrowing Base
determination except as set forth on an exhibit to the certificate, which certificate shall list all of the Oil and Gas Properties sold and in such detail as reasonably required by the Majority Lenders, (v) attached to the certificate is a list
of the Oil and Gas Properties added to and deleted from the immediately prior Reserve Report and a list showing any change in working interest or net revenue interest in its Oil and Gas Properties occurring and the reason for such change,
(vi) attached to the certificate is a list of all Persons disbursing proceeds to the Obligors from their Oil and Gas Properties and (vii) except as set forth on a schedule attached to the certificate, all of the Oil and Gas Properties
evaluated by such Reserve Report are Mortgaged Property. 
 Section 8.08 Title Information. 

(a) Delivery. On or before the delivery to Administrative Agent and the Lenders of each Reserve Report required by
Section 8.07(a), the Obligors will deliver, or cause to be delivered, title information in form and substance acceptable to Administrative Agent covering enough of the Oil and Gas Properties evaluated by such Reserve Report that
were not included in the immediately preceding Reserve Report, so that Administrative Agent shall have received together with title information previously delivered to Administrative Agent, satisfactory title information on at least 80% of the value
of the proved Oil and Gas Properties evaluated by such Reserve Report. 
 (b) Cure of Title Defects. The Obligors shall
cure, or cause to be cured, any title defects or exceptions which are not Excepted Liens raised by such information, or substitute acceptable Mortgaged Properties with no title defects or exceptions except for Excepted Liens covering Mortgaged
Properties of an equivalent value, within thirty (30) days after a request by Administrative Agent or the Lenders to cure such defects or exceptions. 

  
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 Section 8.09 Additional Collateral. 

(a) Lien on Additional Oil and Gas Properties. In connection with any (i) acquisition of additional Oil and Gas Properties by
any Obligor or (ii) redetermination of the Borrowing Base, Borrower shall review the Reserve Report and the list of current Mortgaged Properties to ascertain whether the Mortgaged Properties represent at least 80% of the total value of the Oil
and Gas Properties evaluated in the most recently completed Reserve Report after giving effect to exploration and production activities, acquisitions, dispositions and production. In the event that the Mortgaged Properties do not represent at least
80% of such total value, then Borrower shall, and shall cause each other Obligor and its Subsidiaries to, grant to Administrative Agent as security for the Indebtedness a first-priority Lien interest (subject only to Excepted Liens) on additional
Oil and Gas Properties not already subject to a Lien of the Security Instruments such that after giving effect thereto, the Mortgaged Properties will represent at least 80% of such total value. All such Liens will be created and perfected by and in
accordance with the provisions of mortgages, deeds of trust, security agreements and financing statements or other Security Instruments, all in form and substance satisfactory to Administrative Agent in its sole discretion and in sufficient executed
(and acknowledged where necessary or appropriate) counterparts for recording purposes. 
 (b) Legal Opinions. Promptly
after the filing of any new Security Instrument in any state, upon the reasonable request of Administrative Agent, the Obligors will provide, or cause to be provided, to Administrative Agent an opinion addressed to Administrative Agent for the
benefit of the Lenders in form and substance satisfactory to Administrative Agent in its sole discretion from counsel acceptable to Administrative Agent, stating that the Security Instrument is valid, binding and enforceable in accordance with its
terms and in legally sufficient form for such jurisdiction. 
 Section 8.10 ERISA Information and Compliance. The
Obligors will promptly furnish and will cause their Subsidiaries and any ERISA Affiliate to promptly furnish to Administrative Agent with sufficient copies to the Lenders (i) promptly after the filing thereof with the United States Secretary of
Labor, the Internal Revenue Service or the PBGC, copies of each annual and other report with respect to each Plan or any trust created thereunder, (ii) immediately upon becoming aware of the occurrence of any ERISA Event or of any
“prohibited transaction,” as described in section 406 of ERISA or in section 4975 of the Code, in connection with any Plan or any trust created thereunder, a written notice signed by a Responsible Officer specifying the
nature thereof, what action the Obligor(s), the Subsidiary or the ERISA Affiliate is taking or proposes to take with respect thereto, and, when known, any action taken or proposed by the Internal Revenue Service, the Department of Labor or the PBGC
with respect thereto, and (iii) immediately upon receipt thereof, copies of any notice of the PBGCs intention to terminate or to have a trustee appointed to administer any Plan. With respect to each Plan (other than a Multiemployer Plan), each
Obligor will, and will cause its Subsidiaries and ERISA Affiliates to, (y) satisfy in full and in a timely manner, without incurring any late payment or underpayment charge or penalty and without giving rise to any lien, all of the contribution
and funding requirements of section 412 of the Code (determined without regard to subsections (d), (e), (f) and (k) thereof) and of section 302 of ERISA (determined without regard to sections 303, 304 and 306 of ERISA), and
(z) pay, or cause to be paid, to the PBGC in a timely manner, without incurring any late payment or underpayment charge or penalty, all premiums required pursuant to sections 4006 and 4007 of ERISA. 

  
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 ARTICLE IX. 
 NEGATIVE COVENANTS 
 The Obligors covenant and agree that, so long as any
of the Commitments are in effect or any Letter of Credit remains outstanding, and until payment in full of Loans hereunder, all interest thereon and all other amounts payable by the Obligors hereunder, without the prior written consent of the
Majority Lenders: 
 Section 9.01 Debt. 
 (a) None of the Obligors nor any of their Subsidiaries will incur, create, assume or permit to exist any Debt, except: 
 (i) the Notes (if any) and the Indebtedness arising under the Loan Documents; 

(ii) Debt of the Obligors disclosed in Schedule 9.01 as of the Closing Date, and any renewals or extensions (but not
increases) thereof; 
 (iii) accounts payable (for the deferred purchase price of Property or services) from time to time
incurred in the ordinary course of business which, if greater than 90 days past the invoice or billing date, are being contested in good faith by appropriate proceedings if reserves adequate under GAAP shall have been established therefor;

 (iv) Debt under capital leases (as required to be reported on the financial statements of Borrower pursuant to GAAP) not to
exceed $10,000,000; 
 (v) Debt associated with bonds or surety obligations pursuant to Governmental Requirements in connection
with the operation of any Obligor’s Oil and Gas Properties; 
 (vi) Debt of the Obligors under Hedging Agreements with
approved counterparties, each of which shall be a Lender or its Affiliate, covering oil and gas production of the Obligors or their Subsidiaries; provided, however, that such Hedging Agreements shall not in the aggregate cover more
than ninety percent (90%) of forecasted production from proved, developed, producing reserves of the Obligors of oil, ninety percent (90%) of forecasted production from proved, developed, producing reserves of the Obligors of natural gas,
and ninety percent (90%) of forecasted production from proved, developed, producing reserves of the Obligors of natural gas liquids for five years; and 
 (vii) Other unsecured Debt not otherwise permitted under Sections 9.02(a)(i) – (vi) above in an aggregate principal amount not exceeding $10,000,000 at any time outstanding.

 (b) The Obligors will not permit any Unrestricted Subsidiary to incur, create, assume, or permit to exist any Recourse Debt,
except to the extent that such Recourse Debt is limited to Trade Payables. 
 Section 9.02 Liens. None of the Obligors
nor any of their Subsidiaries will create, incur, assume or permit to exist any Lien on any of its Properties (now owned or hereafter acquired), except: 
 (a) Liens securing the payment of any Indebtedness; 
 (b) Excepted Liens;

 (c) Liens securing leases allowed under Section 9.01(a)(iv), but only on the Property under such permitted
lease; 

  
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 (d) Liens disclosed on Schedule 9.02; 

(e) Liens on cash or securities of Borrower securing the Debt described in Section 9.01(a)(v); and 

(f) Liens on cash collateral accounts maintained in connection with Section 2.02(g). 

Section 9.03 Investments, Loans and Advances. None of the Obligors nor any of their Subsidiaries will make or permit to remain
outstanding any loans or advances to or investments in any Person, except that the foregoing restriction shall not apply to: 

(a) investments, loans or advances reflected in the Financial Statements or which are disclosed to the Lenders in
Schedule 9.03; 
 (b) accounts receivable arising in the ordinary course of business; 

(c) direct obligations of the United States or any agency thereof, or obligations guaranteed by the United States or any agency thereof,
in each case maturing within one year from the date of creation thereof; 
 (d) commercial paper maturing within one year from
the date of creation thereof rated in the highest grade by Standard & Poor’s Corporation or Moody’s Investors Service, Inc.; 
 (e) deposits maturing within one year from the date of creation thereof with, including certificates of deposit issued by, any Lender or any office located in the United States of any other bank or trust
company which is organized under the laws of the United States or any state thereof, has capital, surplus and undivided profits aggregating at least $100,000,000.00 (as of the date of such Lender’s or bank or trust company’s most recent
financial reports) and has a short term deposit rating of no lower than A2 or P2, as such rating is set forth from time to time, by Standard & Poor’s Corporation or Moody’s Investors Service, Inc., respectively; 

(f) deposits in money market funds investing exclusively in investments described in Section 9.03(c), 9.03(d) or
9.03(e); 
 (g) investments, loans or advances in or to any Guarantor; 

(h) investments by any Obligor in direct ownership interests in additional Oil and Gas Properties and gas gathering systems related
thereto; and 
 (i) investments by any Obligor in Unrestricted Subsidiaries engaged exclusively in oil and gas exploration,
development, production, processing and related activities in an aggregate amount not to exceed $15,000,000. 
 Section 9.04
Dividends, Distributions and Redemptions. None of the Obligors nor any of their Subsidiaries will declare or pay any distribution, dividend, purchase, redeem or otherwise acquire for value any of its stock, membership or partnership equity
now or hereafter outstanding, return any capital to its stockholders, or make any distribution of its assets to its stockholders, members or partners (“Distributions”); provided, however; so long as an Event of
Default has not occurred and is continuing or would occur as a result of such Distribution, Borrower may (a) make payments of reasonable amounts of regularly scheduled salary and other compensation to such stockholders, members or partners, as
applicable, to the extent such Person is employed by an Obligor, and (b) make distributions from the 

  
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Guarantors to Borrower within thirty (30) days prior to the date any tax payment is due in an amount equal to cash payments due with respect to United States federal income taxes or the
income taxes or franchise taxes of any state of the United States paybale by such Person with respect to items of income, loss, credit or deduction of any such Obligor attributable to such Person for such period. 

Section 9.05 Sales and Leasebacks. None of the Obligors nor any of their Subsidiaries will enter into any arrangement, directly or
indirectly, with any Person whereby any Obligor or any Obligor’s Subsidiary shall sell or transfer any of its Property, whether now owned or hereafter acquired, and whereby such Obligor or Subsidiary shall then or thereafter rent or lease as
lessee such Property or any part thereof or other Property which such Obligor or Subsidiary intends to use for substantially the same purpose or purposes as the Property sold or transferred. 

Section 9.06 Nature of Business. None of the Obligors nor any of their Subsidiaries will allow any material change to be made in
the character of its business as an independent oil and gas exploration and production company. 
 Section 9.07 Limitation on
Leases. None of the Obligors nor any of their Subsidiaries will create, incur, assume or permit to exist any obligation for the payment of rent or hire of Property of any kind whatsoever (real or personal, excluding leases of Hydrocarbon
Interests and capital leases), under leases or lease agreements which would cause the aggregate amount of all payments made by the Obligors and their Subsidiaries pursuant to all such leases or lease agreements to exceed $2,000,000 in any period of
twelve consecutive calendar months during the life of such leases. 
 Section 9.08 Mergers, Etc. None of the
Obligors will merge into or with or consolidate with any other Person, or sell, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its Property or assets to any other Person, except:

 (a) any Person may merge with any Obligor, provided that such Obligor, shall be the continuing or surviving entity; and

 (b) any Subsidiary may sell, convey, transfer, lease or otherwise dispose of all or substantially all of its assets (upon
voluntary liquidation or otherwise), to any Obligor. 
 Section 9.09 Proceeds of Loans and Letters of Credit. Borrower
will not permit the proceeds of the Loans or Letters of Credit to be used for any purpose other than those permitted by Section 7.07. Neither Borrower nor any Person acting on behalf of Borrower has taken or will take any action
which might cause any of the Loan Documents to violate Regulation T, U or X or any other regulation of the Board of Governors of the Federal Reserve System or to violate Section 7 of the Securities Exchange Act of 1934 or any rule or regulation
thereunder, in each case as now in effect or as the same may hereinafter be in effect. 
 Section 9.10 ERISA Compliance.
The Obligors will not at any time: 
 (a) Engage in, or permit any of their Subsidiaries or ERISA Affiliates to engage in, any
transaction in connection with which any Obligor, any Subsidiary of an Obligor or any ERISA Affiliate could be subjected to either a civil penalty assessed pursuant to section 502(c), (i) or (1) of ERISA or a tax imposed by Chapter 43 of
Subtitle D of the Code; 
 (b) Terminate, or permit any Subsidiary of an Obligor or ERISA Affiliate to terminate, any Plan in a
manner, or take any other action with respect to any Plan, which could result in any liability to any Obligor, any Subsidiary of an Obligor or any ERISA Affiliate to the PBGC; 

  
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 (c) Fail to make, or permit any Subsidiary of an Obligor or ERISA Affiliate to fail to make,
full payment when due of all amounts which, under the provisions of any Plan, agreement relating thereto or applicable law, any Obligor, Subsidiary of an Obligor or ERISA Affiliate is required to pay as contributions thereto; 

(d) Permit to exist, or allow any Subsidiary of an Obligor or ERISA Affiliate to permit to exist, any accumulated funding deficiency
within the meaning of Section 302 of ERISA or section 412 of the Code, whether or not waived, with respect to any Plan; 

(e) Permit, or allow any Subsidiary of an Obligor or ERISA Affiliate to permit, the actuarial present value of the benefit liabilities
under any Plan maintained by any Obligor, any Subsidiary of an Obligor or any ERISA Affiliate which is regulated under Title IV of ERISA to exceed the current value of the assets (computed on a plan termination basis in accordance with Title IV of
ERISA) of such Plan allocable to such benefit liabilities. The term “actuarial present value of the benefit liabilities” shall have the meaning specified in section 4041 of ERISA; 

(f) Contribute to or assume an obligation to contribute to, or permit any Subsidiary of an Obligor or ERISA Affiliate to contribute to or
assume an obligation to contribute to, any Multiemployer Plan; 
 (g) Acquire, or permit any Subsidiary of an Obligor or ERISA
Affiliate to acquire, an interest in any Person that causes such Person to become an ERISA Affiliate with respect to any Obligor, any Subsidiary of an Obligor or any ERISA Affiliate if such Person sponsors, maintains or contributes to, or at any
time in the six-year period preceding such acquisition has sponsored, maintained, or contributed to, (1) any Multiemployer Plan, or (2) any other Plan that is subject to Title IV of ERISA under which the actuarial present value of the
benefit liabilities under such Plan exceeds the current value of the assets (computed on a plan termination basis in accordance with Title IV of ERISA) of such Plan allocable to such benefit liabilities; 

(h) Incur, or permit any Subsidiary of an Obligor or ERISA Affiliate to incur, a liability to or on account of a Plan under
sections 515, 4062, 4063, 4064, 4201 or 4204 of ERISA; 
 (i) Contribute to or assume an obligation to contribute to, or
permit any Subsidiary of an Obligor or ERISA Affiliate to contribute to or assume an obligation to contribute to, any employee welfare benefit plan, as defined in section 3(l) of ERISA, including, without limitation, any such plan maintained to
provide benefits to former employees of such entities, that may not be terminated by such entities in their sole discretion at any time without any material liability; or 
 (j) Amend or permit any Subsidiary of an Obligor or ERISA Affiliate to amend, a Plan resulting in an increase in current liability such that any Obligor, any Subsidiary of an Obligor or any ERISA
Affiliate is required to provide security to such Plan under section 401 (a)(29) of the Code. 
 Section 9.11 Sale or
Discount of Receivables. None of the Obligors nor any of their Subsidiaries will discount or sell (with or without recourse) any of its notes receivable or accounts receivable. 

Section 9.12 Current Ratio. The Obligors will not permit the ratio of (a) current assets (including any unused amount under
the Available Borrowing Base, but excluding assets under Hedging Agreements) to (b) current liabilities (excluding current maturities of the Indebtedness, liability under Hedging Agreements and advance payments received by any Obligor for the
drilling and completion of oil and gas wells which are classified as current liabilities) for the Obligors to be less than 1.0 to 1.0 at any time. 

  
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 Section 9.13 Funded Debt to EBITDAX. The Obligors will not permit the ratio of Funded
Debt to EBITDAX of the Obligors as of the end of any fiscal quarter of the Obligors beginning December 31, 2011 (calculated on a consolidated basis based upon the four most recently completed fiscal quarters) to be greater than 4.00 to 1.00.

 Section 9.14 Sale of Oil and Gas Properties. The Obligors will not, and will not permit any of their Subsidiaries to,
Transfer any Oil and Gas Property or any interest in any Oil and Gas Property unless: (i) no Default exists at the time of such Transfer or will result therefrom, (ii) fair market value is received as cash consideration for the sale, as
determined by Administrative Agent, and (iii) the aggregate value (as determined by Administrative Agent) of all Transfers of Oil and Gas Properties made by the Obligors or their Subsidiaries during the current Borrowing Base Period, plus the
net marked to market economic effect of Hedging Agreement Restructurings permitted under Section 9.22 during such Borrowing Base Period, together, shall not exceed five percent (5%) of the Borrowing Base then in effect;
provided that, to the extent such aggregate value of Transfers and Hedge Agreement Restructurings exceeds five percent (5%) of the Borrowing Base then in effect, the Borrowing Base shall be automatically reduced by an amount equal to such
excess. 
 Section 9.15 Environmental Matters. None of the Obligors nor any Subsidiary of an Obligor will cause or permit
any of its Property to be in violation of, or do anything or permit anything to be done which will subject any such Property to any remedial obligations under any Environmental Laws, assuming disclosure to the applicable Governmental Authority of
all relevant facts, conditions and circumstances, if any, pertaining to such Property where such violations or remedial obligations would have a Material Adverse Effect. 
 Section 9.16 Transactions with Affiliates. None of the Obligors nor any of their Subsidiaries will enter into any transaction, including, without limitation, any purchase, sale, lease or exchange
of Property or the rendering of any service, with any Affiliate unless such transactions are otherwise permitted under this Agreement, are in the ordinary course of its business and are upon fair and reasonable terms no less favorable to it than it
would obtain in a comparable arm’s length transaction with a Person not an Affiliate. 
 Section 9.17 Subsidiaries.
The Obligors shall not, and shall not permit any of their Subsidiaries to (i) create any additional Subsidiaries, except to the extent any such additional Subsidiary becomes a Guarantor, (ii) create any Unrestricted Subsidiary, except to
the extent (A) the ownership interest of the Obligor or its Subsidiary in such Unrestricted Subsidiary is pledged, (B) such Unrestricted Subsidiary does not incur, create, assume, or permit to exist any Recourse Debt, except Recourse Debt
that is Trade Payables, (C) no Obligors nor any of their Subsidiaries provide any credit support for any obligation (contingent or otherwise) of such Unrestricted Subsidiary, except to the extent that such credit support is associated with
Trade Payables, (D) no Obligors nor any of their Subsidiaries have any direct or indirect obligation to maintain or preserve the financial condition of such Unrestricted Subsidiary or cause such Unrestricted Subsidiary to achieve any specified
level of operating results, and (E) such Unrestricted Subsidiary does not own any equity interest in any Obligor or any Obligor’s Subsidiaries or hold any obligation of, or Lien on the property of, any Obligor or any Obligor’s
Subsidiaries. Borrower shall not re-designate any Subsidiary as an Unrestricted Subsidiary unless the requirements of Sections 9.03(i) and 9.17(ii) are satisfied. The Obligors shall not and shall not permit any of their
Subsidiaries to sell or to issue any stock or ownership interest of a Subsidiary, unless such sale or issuance is to an Obligor and in compliance with Section 9.03. 

  
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 Section 9.18 Negative Pledge Agreements. None of the Obligors nor any of their
Subsidiaries will create, incur, assume or permit to exist any contract, agreement or understanding (other than this Agreement and the Security Instruments) which in any way prohibits or restricts the granting, conveying, creation or imposition of
any Lien on any of its Property or restricts any of their Subsidiaries from paying dividends to an Obligor, or which requires the consent of or notice to other Persons in connection therewith. 

Section 9.19 Gas Imbalances, Take-or-Pay or Other Prepayments. The Obligors will not allow gas imbalances, take-or-pay or other
prepayments with respect to the Oil and Gas Properties of the Obligors which would require the Obligors to deliver in the aggregate five percent (5%) or more of their Hydrocarbons produced on a monthly basis from such Oil and Gas Properties at
some future time without then or thereafter receiving full payment therefor. 
 Section 9.20 Accounting Changes. Borrower
shall not and shall not permit any Subsidiary to make any significant change in accounting treatment or reporting practices except as required by GAAP, or change the fiscal year of Borrower or any Subsidiary. 

Section 9.21 Constituent Documents. Borrower will not, and will not permit any Subsidiary to, amend its charter or by-laws or
other constituent documents in any manner that would adversely and materially affect the rights of the Lenders under this Agreement or their ability to enforce the same. Borrower will notify Administrative Agent of any amendment to the charter,
by-laws, or other constituent documents in any manner of any Unrestricted Subsidiary. 
 Section 9.22 Restructuring of
Hedging Agreements. In addition to the limitations on Hedging Agreements set forth in Section 9.01(a)(vi), the Obligors shall not, and shall not permit any of their Subsidiaries to terminate, restructure, modify, or otherwise
affect any Hedging Agreement (in each case, a “Hedging Agreement Restructuring”) covering oil and gas production that was in effect at the time of the most recent Borrowing Base determination where the net marked to market
economic effect of such Hedging Agreement Restructuring on the date thereof is negative, unless the net marked to market economic effect of such Hedging Agreement Restructuring on the date thereof, when combined with the net marked to market
economic effect of all other Hedging Agreement Restructurings, plus the aggregate value of all Transfers permitted under Section 9.14, consummated during a Borrowing Base Period is less than or equal to five percent (5%) of
the Borrowing Base then in effect; otherwise if the net marked to market economic effect of such Hedging Agreement Restructuring on the date thereof, when combined with the net marked to market economic effect of all other Hedging Agreement
Restructurings, plus the aggregate value of all Transfers permitted under Section 9.14, consummated during a Borrowing Base Period, exceeds five percent (5%) of the Borrowing Base then in effect, the Borrowing Base shall be
automatically reduced by an amount equal to such excess. 
 ARTICLE X. 

EVENTS OF DEFAULT; REMEDIES 
 Section 10.01 Events of Default. One or more of the following events shall constitute an “Event of Default”: 

(a) Borrower shall default in the payment or prepayment when due of any principal of or interest on any Loan, or any reimbursement
obligation for a disbursement made under any Letter of Credit, or any fees or other amount payable by it hereunder or under any Security Instrument; or 

  
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 (b) any Obligor or its Subsidiary shall default in the payment when due of any principal of
or interest on any of its other Debt aggregating $1,000,000 or more, or any event specified in any note, agreement, indenture or other document evidencing or relating to any such Debt shall occur if the effect of such event is to cause, or (with the
giving of any notice or the lapse of time or both) to permit the holder or holders of such Debt (or a trustee or agent on behalf of such holder or holders) to cause, such Debt to become due prior to its stated maturity; or 

(c) any representation, warranty or certification made or deemed made herein or in any Loan Document by any Obligor or its Subsidiary, or
any certificate furnished to any Lender or Administrative Agent pursuant to the provisions hereof or any Security Instrument, shall prove to have been false or misleading as of the time made or furnished in any material respect; or 

(d) any Obligor shall: 
 (i) default in the performance of any of its obligations under Article IX or Section 8.01(c); or 

(ii) default in the performance of any of its obligations under Article VIII (except
Section 8.01(c)), any other Article herein (except Article IX) or under any other Loan Document to which it is a party (other than the payment of amounts due which shall be governed by
Section 10.01(a)) and such default shall continue unremedied for a period of thirty (30) days after the earlier to occur of (i) notice thereof to Borrower by Administrative Agent or any Lender (through Administrative
Agent), or (ii) Borrower otherwise becoming aware of such default; or 
 (e) any Obligor shall admit in writing its
inability to, or be generally unable to, pay its debts as such debts become due; or 
 (f) any Obligor shall (i) apply for
or consent to the appointment of, or the taking of possession by, a receiver, custodian, trustee or liquidator of itself or of all or a substantial part of its property, (ii) make a general assignment for the benefit of its creditors,
(iii) commence a voluntary case under the Federal Bankruptcy Code (as now or hereafter in effect), (iv) file a petition seeking to take advantage of any other law relating to bankruptcy, insolvency, reorganization, winding-up, liquidation
or composition or readjustment of debts, (v) fail to controvert in a timely and appropriate manner, or acquiesce in writing to, any petition filed against it in an involuntary case under the Federal Bankruptcy Code, or (vi) take any
corporate action for the purpose of effecting any of the foregoing; or 
 (g) a proceeding or case shall be commenced, without
the application or consent of any Obligor, in any court of competent jurisdiction, seeking (i) its liquidation, reorganization, dissolution or winding-up, or the composition or readjustment of its debts, (ii) the appointment of a trustee,
receiver, custodian, liquidator or the like of such Obligor of all or any substantial part of its assets, or (iii) similar relief in respect of such Obligor under any law relating to bankruptcy, insolvency, reorganization, winding-up, or
composition or adjustment of debts, and such proceeding or case shall continue undismissed, or an order, judgment or decree approving or ordering any of the foregoing shall be entered and continue unstayed and in effect, for a period of 60 days; or
(iv) an order for relief against any Obligor shall be entered in an involuntary case under the Federal Bankruptcy Code; or 

(h) a judgment or judgments for the payment of money in excess of $1,000,000.00 in the aggregate shall be rendered by a court against any
Obligor and the same shall not be discharged (or provision shall not be made for such discharge), or a stay of execution thereof shall not be procured, within thirty (30) days from the date of entry thereof and such Obligor shall not, within
said period of 30 days, or such longer period during which execution of the same shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal; or 

  
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 (i) the Loan Documents after delivery thereof shall for any reason, except to the extent
permitted by the terms thereof, cease to be in full force and effect and valid, binding and enforceable in accordance with their terms, or, with respect to the Security Instruments, cease to create a valid and perfected Lien of the priority required
thereby on any of the collateral purported to be covered thereby, except to the extent permitted by the terms of this Agreement, or any Obligor shall so state in writing; or 
 (j) an event having a Material Adverse Effect shall occur; or 
 (k) a Change of
Control occurs; or 
 (l) Frank A. Lodzinski shall cease or fail for any reason to serve and function in his current capacity as
President and Chief Executive Officer of Borrower and: (i) Borrower shall not notify Administrative Agent within five (5) days of such event and (ii such officer shall not be succeeded in such position within thirty (30) days of such
event by a Person acceptable to Administrative Agent. 
 Section 10.02 Remedies. 

(a) In the case of an Event of Default other than one referred to in clauses (e), (f) or (g) of
Section 10.01, Administrative Agent, upon request of the Majority Lenders, shall, by notice to Borrower, cancel the Commitments (in whole or part) and/or declare the principal amount then outstanding of, and the accrued interest
on, the Loans and all other amounts payable by Borrower hereunder and under the Notes (if any) (including without limitation the payment of cash collateral to secure the LC Exposure as provided in Section 2.07) to be forthwith due
and payable, whereupon such amounts shall be immediately due and payable without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other formalities of any kind, all of which are hereby expressly waived by
Borrower. 
 (b) In the case of the occurrence of an Event of Default referred to in clauses (e), (f) or (g) of
Section 10.01, the Commitments shall be automatically canceled and the principal amount then outstanding of, and the accrued interest on, the Loans and all other amounts payable by Borrower hereunder and under the Notes (if any)
(including without limitation the payment of cash collateral to secure the LC Exposure as provided in Section 2.07) shall become automatically immediately due and payable without presentment, demand, protest, notice of intent to
accelerate, notice of acceleration or other formalities of any kind, all of which are hereby expressly waived by Borrower. 

(c) All proceeds received after maturity of the Indebtedness, whether by acceleration or otherwise shall be applied first to
reimbursement of expenses and indemnities provided for in this Agreement and the Security Instruments; second to accrued interest on the Indebtedness; third to fees; fourth pro rata to principal outstanding on the Notes (if any) and Indebtedness;
fifth to serve as cash collateral to be held by Administrative Agent to secure the LC Exposure; and any excess shall be paid to Borrower or as otherwise required by any Governmental Requirement. 

  
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 ARTICLE XI. 
 ADMINISTRATIVE AGENT 
 Section 11.01 Appointment and Authority. Each
of the Lenders and Issuing Bank hereby irrevocably appoints Wells Fargo Bank, National Association (“Wells Fargo”) to act on its behalf as Administrative Agent hereunder and under the other Loan Documents and authorizes
Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions
of this Article are solely for the benefit of Administrative Agent, the Lenders and Issuing Bank, and neither Borrower nor any other Obligor shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that
the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to 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 contracting parties. 

Section 11.02 Rights as a Lender. The Person serving as 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 Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context
otherwise requires, include the Person serving as Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for
and generally engage in any kind of business with the Obligors or any of their Subsidiaries or other Affiliate thereof as if such Person were not Administrative Agent hereunder and without any duty to account therefor to the Lenders. 

Section 11.03 Exculpatory Provisions. 
 (a) Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, Administrative
Agent: 
 (i) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
continuing; 
 (ii) shall not have any duty to take any discretionary action or exercise any discretionary powers, except
discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that Administrative Agent is required to exercise as directed in writing by Majority Lenders (or such other number or percentage of the Lenders as shall be
expressly provided for herein or in the other Loan Documents), provided that Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose Administrative Agent to liability or that is
contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a
Defaulting Lender in violation of any Debtor Relief Law; and 
 (iii) shall not, except as expressly set forth herein and in the
other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Obligors or any of their Affiliates that is communicated to or obtained by the Person serving as Administrative
Agent or any of its Affiliates in any capacity. 

  
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 (b) Administrative Agent shall not be liable for any action taken or not taken by it
(i) with the consent or at the request of the Majority Lenders (or such other number or percentage of the Lenders as shall be necessary, or as Administrative Agent shall believe in good faith shall be necessary, under the circumstances as
provided in Sections 12.04 and 10.02) or (ii) in the absence of its own gross negligence or willful misconduct. Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice
describing such Default is given to Administrative Agent by Borrower, a Lender or Issuing Bank. 
 (c) Administrative Agent shall
not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or
other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any
Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any condition set forth in Article
VI or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to Administrative Agent. 
 Section 11.04 Reliance by Administrative Agent. 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 (including any electronic message, internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper
Person. Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any
condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or Issuing Bank, Administrative Agent may presume that such condition is satisfactory to such
Lender or Issuing Bank unless Administrative Agent shall have received notice to the contrary from such Lender or Issuing Bank prior to the making of such Loan or the issuance of such Letter of Credit. Administrative Agent may consult with legal
counsel (who may be counsel for 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 11.05 Delegation of Duties. Administrative Agent may perform any and all of its duties and exercise its rights
and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by Administrative Agent. Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by
or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of 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. Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that
Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 
 Section 11.06
Resignation of Administrative Agent. 
 (a) Administrative Agent may at any time give notice of its resignation to the
Lenders, Issuing Bank and Borrower. Upon receipt of any such notice of resignation, the Majority Lenders shall have the right, in consultation with Borrower, to appoint a successor, which shall be a bank with an office in the United States, or an
Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Majority Lenders and shall have accepted such 

  
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appointment within 30 days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Majority Lenders) (the
“Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to), on behalf of the Lenders and Issuing Bank, appoint a successor Administrative Agent meeting the qualifications set
forth above; provided that if Administrative Agent shall notify Borrower and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice on the
Resignation Effective Date. 
 (b) With effect from the Resignation Effective Date (1) the retiring Administrative Agent
shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by Administrative Agent on behalf of the Lenders or Issuing Bank under any of the Loan
Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (2) all payments, communications and determinations provided to be made by, to or
through Administrative Agent shall instead be made by or to each Lender and Issuing Bank directly, until such time as Majority Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent, and the retiring
Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by Borrower to a successor
Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between Borrower and such successor. After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the
provisions of this Article and Section 12.03 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 the retiring Administrative Agent was acting as Administrative Agent. 
 (c) Any resignation by Wells
Fargo as Administrative Agent pursuant to this Section shall also constitute its resignation as Issuing Bank. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to and
become vested with all of the rights, powers, privileges and duties of the retiring Issuing Bank, (b) the retiring Issuing Bank shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents,
and (c) the successor Issuing Bank shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring Issuing Bank to effectively
assume the obligations of the retiring Issuing Bank with respect to such Letters of Credit. 
 Section 11.07 Non-Reliance on
Administrative Agent and Other Lenders. Each Lender and Issuing Bank acknowledges that it has, independently and without reliance upon Administrative Agent or any other Lender or any of their Related Parties and based on such documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and Issuing Bank also acknowledges that it will, independently and without reliance upon Administrative Agent or any other
Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan
Document or any related agreement or any document furnished hereunder or thereunder. 
 Section 11.08 No Other Duties,
Etc. Anything herein to the contrary notwithstanding, none of the Sole Bookrunner, Sole Lead Arranger, Co-Syndication Agents or Co-Documentation Agents listed on the cover page hereof shall have any powers, duties or responsibilities under this
Agreement or any of the other Loan Documents, except in its capacity, as applicable, as Administrative Agent, a Lender or Issuing Bank hereunder. 

  
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 Section 11.09 Administrative Agent May File Proofs of Claim. In case of the pendency
of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Obligor, Administrative Agent (irrespective of whether the principal of any Loan or LC Exposure shall then be due and payable as herein expressed or by
declaration or otherwise and irrespective of whether Administrative Agent shall have made any demand on Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, LC Exposure and
all other Indebtedness that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, Issuing Bank and Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, Issuing Banks and Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, Issuing Bank and Administrative Agent under Sections
Section 2.04 and 12.03 allowed in such judicial proceeding); and 
 (b) to collect and receive
any monies or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and Issuing Bank to make such payments to Administrative Agent and, in the event that Administrative Agent shall consent
to the making of such payments directly to the Lenders and Issuing Bank, to pay to Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of Administrative Agent and its agents and counsel, and any
other amounts due Administrative Agent under Sections 2.04 and 12.03. 
 Section 11.10 Collateral
and Guaranty Matters. 
 (a) Each Lender (on behalf of itself and any Affiliate that is or will be a party to a Hedging
Agreement with an Obligor) and Issuing Bank irrevocably authorize Administrative Agent, at its option and in its discretion: 

(i) to release any Lien on any Property granted to or held by Administrative Agent under any Loan Document (x) upon termination of
all Commitments and payment in full of all Indebtedness (other than contingent indemnification obligations) and the expiration or termination of all Letters of Credit, (y) that is sold or otherwise disposed of or to be sold or otherwise
disposed of as part of or in connection with any sale or other disposition permitted under the Loan Documents, or (z) subject to Section 12.04, if approved, authorized or ratified in writing by the Majority Lenders; and

 (ii) to release any Guarantor from its obligations under the Guaranty Agreement if such Person (y) ceases to be a
Subsidiary as a result of a transaction permitted under the Loan Documents or (z) becomes an Unrestricted Subsidiary pursuant to the terms of Section 9.17. 
 Upon request by Administrative Agent at any time, the Majority Lenders will confirm in writing Administrative Agent’s authority to release its interest in particular types or items of property, or to
release any Guarantor from its obligations under the Guaranty pursuant to this Section 11.10. 
 (b)
Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the collateral, the existence, priority or perfection of Administrative
Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall Administrative Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral.

  
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 ARTICLE XII. 
 MISCELLANEOUS 
 Section 12.01 Waiver. No failure on the part of
Administrative Agent or any Lender to exercise and no delay in exercising, and no course of dealing with respect to, any right, power or privilege under any of the Loan Documents shall operate as a waiver thereof, nor shall any single or partial
exercise of any right, power or privilege under any of the Loan Documents preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The remedies provided herein are cumulative and not exclusive of any
remedies provided by law. 
 Section 12.02 Notices; Effectiveness; Electronic Communication. Except in the case of
notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by
hand or receipted overnight courier service, mailed by certified or registered mail or sent by telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable
telephone number, as follows: 
 (a) Notices Generally. 

(i) if to Borrower, Administrative Agent, or Issuing Bank, to the address, telecopier number, electronic mail address or telephone number
specified for such Person on Schedule 12.02; and 
 (ii) if to any other Lender, to the address, telecopier
number, electronic mail address or telephone number specified in its Administrative Questionnaire. 
 Notices sent by hand or overnight courier
service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient,
shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as
provided in such subsection (b). 
 (b) Electronic Communications. Notices and other communications to the
Lenders and Issuing Bank hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by Administrative Agent, provided that the foregoing shall not apply to
notices to any Lender or Issuing Bank pursuant to Article II if such Lender or Issuing Bank, as applicable, has notified Administrative Agent that it is incapable of receiving notices under such Article by electronic communication.
Administrative Agent or Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to
particular notices or communications. 
 Unless 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

  
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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 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) Change of Address, Etc. Each party hereto may change its address, telecopier or telephone number for notices and other
communications hereunder by notice to the other parties hereto. 
 (d) Platform. 

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

(ii) The Platform is provided “as is” and “as available.” The Agent Parties (as defined below) do not warrant the
adequacy of the Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of merchantability, fitness for a particular
purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party in connection with the Communications or the Platform. In no event shall Administrative Agent or any of its Related Parties
(collectively, the “Agent Parties”) have any liability to the Obligors, any Lender or any other Person or entity for damages of any kind, including, without limitation, direct or indirect, special, incidental or consequential
damages, losses or expenses (whether in tort, contract or otherwise) arising out of any Obligor’s or Administrative Agent’s transmission of communications through the Platform. “Communications” means, collectively,
any notice, demand, communication, information, document or other material that any Obligor provides to Administrative Agent pursuant to any Loan Document or the transactions contemplated therein which is distributed to Administrative Agent, any
Lender or Issuing Bank by means of electronic communications pursuant to this Section, including through the Platform. 

Section 12.03 Payment of Expenses, Indemnities, Damage Waiver. 

(a) Costs and Expenses. Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by Administrative Agent and its
Affiliates (including the reasonable fees, charges and disbursements of counsel for Administrative Agent), in connection with the syndication of the credit facility provided for herein, the preparation, negotiation, execution, delivery and
administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all
reasonable out-of-pocket expenses incurred by Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by
Administrative Agent, any Lender or Issuing Bank (including the fees, charges and disbursements of any counsel for Administrative Agent, any Lender or Issuing Bank), and shall pay all fees and time charges for attorneys who may be employees of
Administrative Agent, any Lender or Issuing Bank, in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in
connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 

  
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 (b) Indemnification by Borrower. Borrower shall indemnify Administrative Agent (and
any sub-agent thereof), each Lender and Issuing Bank, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses,
claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys
who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any third party or by Borrower or any other Obligor 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, the consummation of the transactions contemplated
hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by 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 any Obligor or its Subsidiary, or any
Environmental Liability related in any way to any Obligor or its Subsidiary, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory,
whether brought by a third party or by Borrower or any other Obligor, and regardless of whether any Indemnitee is a party thereto, in all cases, whether or not caused by or arising, in whole or in part, out of the comparative, contributory or
sole negligence of the Indemnitee; provided, that, such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of
competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by Borrower or any other Obligor against an Indemnitee for breach
in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if Borrower or such Obligor has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction.

 (c) Reimbursement by Lenders. To the extent that Borrower for any reason fails to indefeasibly pay any amount required
under subsection (a) or (b) of this Section to be paid by it to Administrative Agent (or any sub-agent thereof), Issuing Bank or any Related Party of any of the foregoing, each Lender severally agrees to pay to
Administrative Agent (or any such sub-agent), Issuing Bank or such Related Party, as the case may be, such Lender’s Commitment (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 Administrative Agent (or any such sub-agent) or Issuing Bank in its capacity as
such, or against any Related Party of any of the foregoing acting for Administrative Agent (or any such sub-agent) or Issuing Bank in connection with such capacity. The obligations of the Lenders under this subsection (c) are
subject to the provisions of Section 4.01(d). 
 (d) Waiver of Consequential Damages, Etc. To the
fullest extent permitted by applicable law, Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages)
arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the
proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by
such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby. 

  
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 (e) Payments. All amounts due under this Section shall be payable not later than ten
(10) Business Days after demand therefor. 
 Section 12.04 Amendments, Etc. Any provision of this Agreement
or any other Loan Document may be amended, modified or waived with the Obligors’ and the Majority Lenders’ prior written consent; provided that (i) no amendment, modification or waiver which extends the final maturity of the Loans,
increases the Aggregate Maximum Credit Amount, increases the Borrowing Base, forgives the principal amount of any Indebtedness outstanding under this Agreement, releases any Guarantor of the Indebtedness (other than a re-designation of a Subsidiary
as an Unrestricted Subsidiary permitted under Section 9.17), or releases Security Instruments which in the aggregate cover all or substantially all of the Oil and Gas Properties, reduces the percentage set forth in
Section 8.09(a) to less than 80%, reduces the interest rate applicable to the Loans or the fees payable to the Lenders generally, affects Sections 4.02 or 4.04 in a manner that would alter the pro rata sharing of
payments required thereby, this Section 12.04 or modifies the definition of “Majority Lenders” shall be effective without consent of all Lenders; (ii) no amendment, modification or waiver which
increases the Maximum Credit Amount of any Lender shall be effective without the consent of such Lender; (iii) no amendment, modification or waiver which modifies the rights, duties or obligations of Administrative Agent shall be effective
without the consent of Administrative Agent; and (iv) no amendment, modification or waiver which modifies the rights, duties or obligations of Issuing Bank shall be effective without the consent of Issuing Bank. Notwithstanding anything to the
contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Commitment of such Lender may not be increased or extended without the consent of such Lender.

 If any Lender does not consent to a proposed amendment, consent, waiver or release with respect to a Loan Document (excluding a consent to
increase the Aggregate Commitment of a Lender pursuant to Section 2.03(a)) that requires the consent of a greater percentage of the Lenders than the Majority Lenders and such amendment, consent, waiver or release has been approved
by the Majority Lenders, Borrower may replace such non-consenting Lender pursuant to Section 5.06. 
 Section
12.05 Successors and Assigns. 
 (a) Successors and Assigns Generally. The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that neither Borrower nor any other Obligor may assign or otherwise transfer any of its respective rights or obligations
hereunder without the prior written consent of Administrative Agent and each Lender, and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of
subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject
to the restrictions of subsection (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon
any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the
Related Parties of each of Administrative Agent, Issuing Bank and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its
Commitment and the Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

  
 69 

 (i) Minimum Amounts. 

(A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and the Loans at the time owing
to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 
 (B) in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the
Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to
Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date), shall not be less than $5,000,000 unless each of Administrative Agent and, so long as no Event of Default has occurred and is
continuing, Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed); provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a
single assignee (or to an assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met. 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning
Lender’s rights and obligations under this Agreement with respect to the Loans or the Commitment assigned. 
 (iii)
Required Consents. No consent shall be required for any assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition: 
 (A) the consent of Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event of Default has occurred and is continuing at the time of such assignment or
(2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; 
 (B) the consent of Administrative
Agent (such consent not to be unreasonably withheld or delayed) shall be required if such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender; and 

(C) the consent of Issuing Bank (such consent not to be unreasonably withheld or delayed) shall be required for any assignment that
increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding). 
 (iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the
amount of $3,500.00; provided, however, that Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to Administrative
Agent an Administrative Questionnaire. 
 (v) No Assignment to Borrower. No such assignment shall be made to Borrower or
any of Borrower’s Affiliates or Subsidiaries. 
 (vi) No Assignment to Natural Persons. No such assignment shall be
made to a natural person. 

  
 70 

 (vii) Certain Additional Payments. In connection with any assignment of rights and
obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to Administrative
Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of
Borrower and Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in
full all payment liabilities then owed by such Defaulting Lender to Administrative Agent, Issuing Bank, and each Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and
participations in Letters of Credit in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable
law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by Administrative Agent pursuant to subsection (c) of this Section, from and after the
effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under
this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all
of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 4.05, 5.01, 5.05, and 12.03 with
respect to facts and circumstances occurring prior to the effective date of such assignment. Upon request, Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection
(d) of this Section. 
 (c) Register. Administrative Agent, acting solely for this purpose as an agent of
Borrower, shall maintain at Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of
the Loans and LC Exposure owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and Borrower, Administrative Agent and the Lenders may treat
each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by Borrower and any
Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (d) Participations. Any Lender may
at any time, without the consent of, or notice to, Borrower or Administrative Agent, sell participations to any Person (other than a natural person or Borrower or any of Borrower’s Affiliates or Subsidiaries) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s participations in LC
Exposure 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) Borrower, Administrative Agent, the Lenders and Issuing Bank shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 

  
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 Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such
Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the
consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 12.04 that affects such Participant. Subject to subsection (e) of this Section, Borrower
agrees that each Participant shall be entitled to the benefits of Sections 4.05, 5.01 and 5.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection
(b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 4.04(a) as though it were a Lender, provided such Participant agrees to be subject to
Section 4.04(b) as though it were a Lender. 
 (e) Limitations upon Participant Rights. A Participant
shall not be entitled to receive any greater payment under Section 4.05 or 5.01 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the
sale of the participation to such Participant is made with Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 4.05 unless
Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of Borrower, to comply with Section 4.05 as though it were a Lender. 

(f) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under
this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any
of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
 Section 12.06
Invalidity. In the event that any one or more of the provisions contained in any of the Loan Documents shall, for any reason, be held invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not
affect any other provision of such Loan Document or any other Loan Documents. 
 Section 12.07 Counterparts; Integration;
Effectiveness; Electronic Execution. 
 (a) Counterparts; Integration; Effectiveness. This Agreement may be executed
in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents, and any
separate letter agreements with respect to fees payable to 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 6.01, this Agreement shall become effective when it shall have been executed by Administrative Agent and when Administrative Agent shall have received
counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or in electronic (i.e., “pdf” or
“tif”) format shall be effective as delivery of a manually executed counterpart of this Agreement. 
 (b)
Electronic Execution of Assignments. The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of
records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any
applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

  
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 Section 12.08 Survival. The obligations of the parties under
Section 4.05, Article V, and Sections 11.05 and 12.03 shall survive the repayment of the Loans and the termination of the Commitments. To the extent that any payments to
Administrative Agent or the Lenders or proceeds of any collateral are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, debtor in possession, receiver or other Person under any
bankruptcy law, common law or equitable cause, then to such extent, the obligation so satisfied shall be revived and continue as if such payment or proceeds had not been received and Administrative Agent’s and the Lenders’ Liens, security
interests, rights, powers and remedies under this Agreement and each Security Instrument shall continue in full force and effect. In such event, each Security Instrument shall be automatically reinstated and the Obligors shall take such action as
may be reasonably requested by Administrative Agent and the Lenders to effect such reinstatement. 
 Section 12.09
Captions. Captions and section headings appearing herein are included solely for convenience of reference and are not intended to affect the interpretation of any provision of this Agreement. 

Section 12.10 No Oral Agreements. The Loan Documents embody the entire agreement and understanding between the parties and
supersede all other agreements and understandings between such parties relating to the subject matter hereof and thereof. The Loan Documents represent the final agreement between 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 12.11 Governing law, Submission to Jurisdiction. 
 (a) Governing Law. This Agreement and the other Loan Documents and any claims, controversy, dispute or cause of action (whether in contract or tort or otherwise) based upon, arising out of or
relating to this Agreement or any other Loan Document (except, as to any other Loan Document, as expressly set forth therein) and the transactions contemplated hereby and thereby shall be governed by, and construed in accordance with, the law of the
State of Texas, except to the extent that United States federal law permits any Lender to charge interest at the rate allowed by the laws of the state where such Lender is located. 

(b) Jurisdiction; Waiver of Venue. Borrower and each other Obligor irrevocably and unconditionally agree that any legal action or
proceeding with respect to the Loan Documents shall be brought in the courts of the State of Texas sitting in Harris County or of the United States District Court for the Southern District of Texas, and, by execution and delivery of this Agreement,
each Obligor hereby accepts for itself and (to the extent permitted by law) in respect of its property, generally and unconditionally, the jurisdiction of the aforesaid courts. Each Obligor hereby irrevocably waives any objection, including, without
limitation, any objection to the laying of venue or based on the grounds of forum non conveniens, which it may now or hereafter have to the bringing of any such action or proceeding in such respective jurisdictions. This submission to
jurisdiction is non-exclusive and does not preclude Administrative Agent or any Lender from obtaining jurisdiction over any Obligor in any court otherwise having jurisdiction. 
 (c) Service of Process. Each Obligor irrevocably consents to the service of process of any of the aforementioned courts in any such action or proceeding by the mailing of copies thereof by
registered or certified mail, postage prepaid, to such Obligor at its said address, such service to become effective thirty (30) days after such mailing. Nothing herein shall affect the right of Administrative Agent or any Lender or any holder
of the Indebtedness or a Note (if any) to serve process in any other manner permitted by law or to commence legal proceedings or otherwise proceed against any Obligor in any other jurisdiction. 

  
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 (d) WAIVER OF JURY TRIAL AND CERTAIN DAMAGES. EACH PARTY TO THIS AGREEMENT HEREBY
(I) IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOUCMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY); (II) IRREVOCABLY WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY SUCH
LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES, OR DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES; (III) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (IV) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN
DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 Section 12.12 Interest. It is
the intention of the parties hereto to comply strictly with Applicable Usury Laws regarding the use, forbearance or detention of the indebtedness evidenced by this Agreement, the Notes (if any) and the other Loan Documents, whether such laws are now
or hereafter in effect, including the laws of the United States or any other jurisdiction whose laws are applicable, and including any subsequent revisions to or judicial interpretations of those laws, in each case to the extent they are applicable
to this Agreement, the Notes (if any) and the other Loan Documents (the “Applicable Usury Laws”). Accordingly, if any acceleration of the maturity of the Notes (if any) or any payment by Borrower or any other Person produces
a rate in excess of the Highest Lawful Rate or otherwise results in Borrower or such other Person being deemed to have paid any interest in excess of the Maximum Amount, as hereinafter defined, or if any Lender shall for any reason receive any
unearned interest in violation of any Applicable Usury Laws, or if any transaction contemplated hereby would otherwise be usurious under any Applicable Usury Laws, then, in that event, regardless of any provision contained in this Agreement or any
other Loan Document or other agreement or instrument executed or delivered in connection herewith, the provisions of this Section 12.12 shall govern and control, and neither Borrower nor any other Person shall be obligated to pay,
or apply in any manner to, any amount that would be excessive interest. No Lender shall ever be deemed to have contracted for or be entitled to receive, collect, charge, reserve or apply as interest on any Loan (whether termed interest therein or
deemed to be interest by judicial determination or operation of law), any amount in excess of the Highest Lawful Rate, and, in the event that such Lender ever receives, collects, or applies as interest any such excess, such amount which would be
excessive interest shall be applied as a partial prepayment of principal and treated hereunder as such, and, if the principal amount of the applicable Loans are paid in full, any remaining excess shall forthwith be paid to Borrower. In determining
whether or not the interest contracted for, received, collected, charged reserved, paid or payable, including under any specific contingency, exceeds the Highest Lawful Rate, Borrower and each Lender shall, to the maximum extent permitted under
applicable law, (a) characterize any non-principal payment (other than payments which are expressly designated as interest payments hereunder) as an expense or fee rather than as interest, (b) exclude voluntary pre-payments and the effect
thereof, and (c) amortize and spread the total amount of interest throughout the entire stated term of the Loans so that the interest rate is uniform throughout such term; provided that if the Loans are paid in full prior to the end of
the full contemplated term hereof, and if the 

  
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interest received for the actual period of existence thereof exceeds the Highest Lawful Rate, if any, then the Lenders shall refund to Borrower the amount of such excess, or credit the amount of
such excess against the aggregate unpaid principal balance of all Loans made by Lender. As used herein, the term “Maximum Amount” means the maximum nonusurious amount of interest which may be lawfully contracted for,
reserved, charged, collected or received by Lender in connection with the indebtedness evidenced by this Agreement, the Notes (if any) and other Loan Documents under all Applicable Usury Laws. Texas Finance Code, Chapter 346, which regulates certain
revolving loan accounts and revolving tri-party accounts, shall not apply to any revolving loan accounts created under, or apply in any manner to, the Notes (if any), this Agreement or the other Loan Documents. To the extent that the interest rate
laws of the State of Texas are applicable to the Loans or any other Indebtness, the applicable interest rate ceiling is the weekly ceiling (formerly the indicated rate ceiling) determined in accordance with Tex. Rev. Civ. Stat., Title 79, Article
5069-1D.003, also codified at Texas Finance Code, Section 303.303, and, to the extent that this Agreement, the Notes (if any) or any other Loan Document is deemed an open end account as such term is defined in Tex. Rev. Civ. Stat., Title 79,
Article 5069-1B.002(14), also codified at Texas Finance Code Section 301.002(a)(14), the payee retains the right to modify the interest rate in accordance with applicable law. 

Section 12.13 Confidentiality. Each of Administrative Agent, the Lenders and Issuing Bank agrees to maintain the confidentiality
of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and representatives (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent required or requested by any regulatory
authority purporting to have jurisdiction over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar
legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the
enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in,
any of its rights or obligations under this Agreement or (ii) any actual or prospective counterparty (or its partners, directors, officers, employees, agents, advisors and representatives) to any swap or derivative transaction relating to
Borrower and its obligations, (g) with the consent of Borrower or (h) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to Administrative
Agent, any Lender, Issuing Bank or any of their respective Affiliates on a nonconfidential basis from a source other than Borrower. 
 For
purposes of this Section, “Information” means all information received from Borrower or any Subsidiary relating to Borrower or any Subsidiary or any of their respective businesses, other than any such information that is
available to Administrative Agent, any Lender or Issuing Bank on a nonconfidential basis prior to disclosure by Borrower or any Subsidiary, provided that, in the case of information received from Borrower or any Subsidiary after the date
hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so
if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 
 Each of Administrative Agent, the Lenders and Issuing Bank acknowledges that (a) the Information may include material non-public information concerning Borrower or a Subsidiary, as the case may be,
(b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information in accordance with applicable Governmental Requirements, including federal and
state securities Governmental Requirements. 

  
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 Section 12.14 Disposition of Proceeds. Certain of the Security Instruments contain an
assignment by Obligors unto and in favor of Administrative Agent for the benefit of the Lenders of all production and all proceeds attributable thereto which may be produced from or allocated to the Mortgaged Property, and such Security Instruments
further provide in general for the application of such proceeds to the satisfaction of the Indebtedness and other obligations described therein and secured thereby. Notwithstanding the assignment contained in such Security Instruments, so long as no
Default exists, the Lenders agree that they will neither notify the purchaser or purchasers of such production nor take any other action to cause such proceeds to be remitted to the Lenders, but the Lenders will instead permit such proceeds to be
paid to the Obligors. 
 Section 12.15 USA Patriot Act Notice. Each Lender hereby notifies each Obligor that pursuant to
the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies such Obligor, which
information includes the name and address of such Obligor and other information that will allow such Lender to identify the Obligor, insofar as it is needed to comply with the Act, in accordance with the Act. Each Obligor hereby represents and
warrants to Administrative Agent and each Lender that such Obligor is not a country, individual or entity named on the “Specifically Designated National and Blocked Persons” list issued by the Office of Foreign Asset Control of the
Department of the Treasury of the United States of America. 
 Section 12.16 True-Up Loans. Upon the effectiveness of
this Agreement, each Lender who holds Loans in an aggregate amount less than its Percentage Share (after giving effect to this amendment and restatement) of all Loans shall advance new Loans which shall be disbursed to Administrative Agent and used
to repay Loans outstanding to each Lender who holds Loans in an aggregate amount greater than its Percentage Share of all Loans, and such other adjustments shall be made as Administrative Agent shall specify so that each Lender’s Maximum Credit
Amount equals its Percentage Share (after giving effect to this amendment and restatement) of the Aggregate Maximum Credit Amount. 
 Section 12.17 Collateral Matters; Hedging Agreements. The benefit of the Security Instruments and the provisions of this Agreement relating to any collateral securing the Indebtedness shall also
extend to and be available to those Lenders or their Affiliates which are counterparties to any Hedging Agreement with any Obligor on a pro rata basis in respect of any obligations of such Obligor which arise under any such Hedging Agreement
while such Person or its Affiliate is a Lender, including any Hedging Agreements between such Persons in existence prior to the Closing Date; provided that if such Lender or Affiliate ceases to be a Lender or an Affiliate of a Lender such Hedging
Agreement obligations shall be secured pari passu with the Indebtedness of the Loan Parties under this Agreement and the other Loan Documents but only to the extent such Hedging Agreement obligations arise under Hedging Agreements (including the
Hedging Agreements listed on Schedule 7.19) that are entered into at the time such counterparty was a Lender hereunder or an Affiliate of a Lender hereunder. No Lender or any Affiliate of a Lender shall have any voting rights under any Loan Document
as a result of the existence of obligations owed to it under any such Hedging Agreements. 

  
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 Section 12.18 Restatement; Existing Credit Agreement. The Existing Credit Agreement
is amended and restated in its entirety (but not extinguished) by this Agreement and upon the effectiveness hereof, all terms and provisions of this Agreement shall supersede the terms and provisions of the Existing Credit Agreement. Each Lender
hereto that is party to the Existing Credit Agreement, hereby sells, transfers, conveys, assigns, endorses, sets over and delivers to the Lenders all of such Person’s right, title and interest in all indebtedness, including all principal and
interest owing to the such Person as a Lender under the Existing Credit Agreement so that after giving effect to such assignment, the Commitments and Percentage Shares of the Lenders shall be as set forth on Annex I hereto. 

[SIGNATURES BEGIN ON NEXT PAGE] 

  
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 The parties hereto have caused this Agreement to be duly executed as of the day and year
first above written. 
  

							
	BORROWER:	 		 	 GEORESOURCES, INC.,
 a Colorado corporation

				
		 		 	By:	 	        /s/ Howard E. Ehler
		 		 		 	        Howard E. Ehler
		 		 		 	         Vice President and Chief Financial

        Officer

  
 Signature Page
to Credit Agreement 

 GUARANTORS’ CONSENT AND AGREEMENT 

As an inducement to Administrative Agent and the Lenders to execute, and in consideration of Administrative Agent’s and the Lenders’ execution
of the foregoing, the undersigned hereby consent thereto and agree that the same shall in no way release, diminish, impair, reduce or otherwise adversely affect the respective obligations and liabilities of each of the undersigned under each
Guaranty Agreement described in this Agreement, or any agreements, documents or instruments executed by any of the undersigned to create liens, security interests or charges to secure any of the Indebtedness under the Loan Documents, all of which
obligations and liabilities are, and shall continue to be, in full force and effect. This consent and agreement shall be binding upon the undersigned, and the respective successors and assigns of each, and shall inure to the benefit of
Administrative Agent and the Lenders, and the respective successors and assigns of each. 
  

							
	GUARANTORS:	 		 	 AROC (TEXAS), INC., a Texas corporation
 SOUTHERN BAY ENERGY, LLC, a Texas limited liability company
 SOUTHERN BAY OPERATING,
L.L.C., a Texas limited liability company
 SOUTHERN BAY LOUISIANA, LLC, a Texas limited liability company

CATENA OIL & GAS LLC, a Texas limited liability company
 G3 ENERGY, LLC, a Colorado limited liability company
 G3 OPERATING, LLC, a Colorado
limited liability company
 WESTERN STAR DRILLING COMPANY, a North Dakota corporation

				
		 		 	By:	 	        /s/ Howard E. Ehler
		 		 		 	        Howard E. Ehler
		 		 		 	        Vice President and Secretary

  
 Signature Page
to Credit Agreement 

							
	 ADMINISTRATIVE AGENT, LENDER,:
 AND ISSUING BANK
	 		 	 WELLS FARGO BANK, NATIONAL
 ASSOCIATION,
 Individually and as Administrative Agent

				
		 		 	By:	 	        /s/ Lila Jordan
		 		 		 	Lila Jordan
		 		 		 	Managing Director

  
 Signature Page
to Credit Agreement 

							
	LENDER:	 		 	COMPASS BANK
				
		 		 	By:	 	/s/ Ann Van Wagener
		 		 	Name:	 	Ann Van Wagener
		 		 	Title:	 	Vice President

  
 Signature Page
to Credit Agreement 

							
	LENDER:	 		 	COMERICA BANK
				
		 		 	By:	 	/s/ Paul J. Edmonds
		 		 	Name:	 	Paul J. Edmonds
		 		 	Title:	 	Senior Vice President

  
 Signature Page
to Credit Agreement 

							
	LENDER:	 		 	THE FROST NATIONAL BANK
				
		 		 	By:	 	/s/ Lane Dodds
		 		 	Name:	 	Lane Dodds
		 		 	Title:	 	Vice President

  
 Signature Page
to Credit Agreement 

							
	LENDER:	 		 	U.S. BANK NATIONAL ASSOCIATION
				
		 		 	By:	 	/s/ Justin M. Alexander
		 		 	Name:	 	Justin M. Alexander
		 		 	Title:	 	Vice President

  
 Signature Page
to Credit Agreement 

							
	LENDER:	 		 	BMO HARRIS FINANCING, INC.
				
		 		 	By:	 	/s/ James V. Ducote
		 		 	Name:	 	James V. Ducote
		 		 	Title:	 	Director

  
 Signature Page
to Credit Agreement 

							
	LENDER:	 		 	ROYAL BANK OF CANADA 
				
		 		 	By:	 	/s/ James S. York
		 		 	Name:	 	James S. York
		 		 	Title:	 	Authorized Signatory

  
 Signature Page
to Credit Agreement 

							
	LENDER:	 		 	SUNTRUST BANK
				
		 		 	By:	 	/s/ Scott Mackey
		 		 	Name:	 	Scott Mackey
		 		 	Title:	 	Director

  
 Signature Page
to Credit Agreement 

 ANNEX I 
 LIST OF PERCENTAGE SHARES AND MAXIMUM CREDIT AMOUNTS 
  

									
	 Lender
	  	Percentage Share	 	 	Maximum
Credit Amount	 
	 Wells Fargo Bank, National Association
	  	 	16.7	% 	 	$	75,150,000	  
	 Compass Bank
	  	 	13.3	% 	 	$	59,850,000	  
	 Comerica Bank
	  	 	13.3	% 	 	$	59,850,000	  
	 The Frost National Bank
	  	 	13.3	% 	 	$	59,850,000	  
	 U.S. Bank National Association
	  	 	13.3	% 	 	$	59,850,000	  
	 BMO Harris Financing, Inc.
	  	 	10.0	% 	 	$	45,000,000	  
	 Royal Bank of Canada
	  	 	10.0	% 	 	$	45,000,000	  
	 SunTrust Bank
	  	 	10.0	% 	 	$	45,000,000	  
	 TOTAL
	  	 	100	% 	 	$	450,000,000	  

  
 Annex I to
Credit Agreement 

 EXHIBIT A 
 FORM OF NOTE 
  

			
		  	November     , 2011

 FOR VALUE RECEIVED, GEORESOURCES, INC., a Colorado corporation (“Borrower”) hereby
promises to pay to the order of             (“Lender”), at the Principal Office of WELLS FARGO BANK, NATIONAL ASSOCIATION (“Administrative
Agent”), the principal sum of             Dollars ($            ) (or such lesser amount as shall equal the
aggregate unpaid principal amount of the Loans made by Lender to Borrower under the Credit Agreement, as hereinafter defined), in lawful money of the United States and in immediately available funds, on the dates and in the principal amounts
provided in the Credit Agreement, and to pay interest on the unpaid principal amount of each such Loan, at such office, in like money and funds, for the period commencing on the date of such Loan until such Loan shall be paid in full, at the rates
per annum and on the dates provided in the Credit Agreement. 
 The date, amount, Type, interest rate, Interest Period and
maturity of each Loan made by Lender to Borrower, and each payment made on account of the principal thereof, shall be recorded by Lender on its books and, prior to any transfer of this Note, endorsed by Lender on the schedules attached hereto or any
continuation thereof. 
 This Note is one of the Notes referred to in the Third Amended and Restated Credit Agreement dated as
of November 9, 2011, among Borrower, the lenders which are or become parties thereto (including the Lender) and Administrative Agent (as the same may be amended, restated, modified or supplemented from time to time, the “Credit
Agreement”), and evidences Loans made by Lender thereunder. Capitalized terms used in this Note have the respective meanings assigned to them in the Credit Agreement. 

This Note is issued pursuant to the Credit Agreement and is entitled to the benefits provided for in the Credit Agreement and the
Security Instruments. The Credit Agreement provides for the acceleration of the maturity of this Note upon the occurrence of certain events, for prepayments of Loans upon the terms and conditions specified therein and other provisions relevant to
this Note. 
 [This Note is given in renewal of, and in full substitution and replacement for, the note dated July 13,
2009, in the original principal amount of $             , made by Borrower and payable to the order of Lender.] [Only add to Notes to Lenders under Existing Credit Agreement] 

THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS. 

  
 1 

 
			
	 GEORESOURCES, INC.,
 a Colorado corporation

		
	By:	 	 
	Name:
	Title:

  
 2 

 EXHIBIT B 
 FORM OF BORROWING, CONTINUATION AND CONVERSION REQUEST 

            , 200     

GEORESOURCES, INC., a Colorado corporation (“Borrower”), pursuant to the Third Amended and Restated Credit
Agreement dated as of November 9, 2011, among Borrower, certain subsidiaries of Borrower as guarantors, Wells Fargo Bank, National Association as Administrative Agent for the lenders (the “Lenders”) which are or become
party thereto, and such Lenders (together with all amendments or supplements thereto, the “Credit Agreement”), hereby makes the requests indicated below (unless otherwise defined herein, capitalized terms are defined in the
Credit Agreement): 
  

	 	1.	Loans: 

  

	 	(a)	Aggregate amount of new Loans to be $            ; 

 

	 	(b)	Requested funding date is             , 201    ; 

 

	 	(c)	$             of such borrowings are to be LIBOR Loans; 

$            of such borrowings are to be Base Rate Loans; and 

 

	 	(d)	Length of Interest Period for LIBOR Loans is:                    .

  

	 	2.	LIBOR Loan Continuation for LIBOR Loans maturing on             : 

 

	 	(a)	Aggregate amount to be continued as LIBOR Loans is $             ; 

 

	 	(b)	Aggregate amount to be converted to Base Rate Loans is $             ; 

 

	 	(c)	Length of Interest Period for continued LIBOR Loans
is                     . 

  

	 	3.	Conversion of Outstanding Base Rate Loans to LIBOR Loans: 

 Convert $            of the outstanding Base Rate Loans to LIBOR Loans on
            with an Interest Period of             . 

 

	 	4.	Conversion of outstanding LIBOR Loans to Base Rate Loans: 

 Convert $             of the outstanding LIBOR Loans with Interest Period maturing on         ,
201    , to Base Rate Loans. 

  
 1 

 The undersigned certifies that he/she is the
            of Borrower, and that as such he/she is authorized to execute this certificate on behalf of Borrower. The undersigned further certifies, represents and warrants on behalf of
Borrower that Borrower is entitled to receive the requested borrowing, continuation or conversion under the terms and conditions of the Credit Agreement. 

 

			
	 GEORESOURCES, INC.,
 a Colorado corporation

		
	By:	 	 
	Name:
	Title:

  
 2 

 EXHIBIT C 
 FORM OF COMPLIANCE CERTIFICATE 
 The undersigned hereby certifies
that he is the             of GEORESOURCES, INC., a Colorado corporation (“Borrower”) and that as such he is authorized to execute this certificate on behalf of
Borrower. With reference to the Third Amended and Restated Credit Agreement dated as of November 9, 2011, among Borrower, Wells Fargo Bank, National Association, as Administrative Agent for the lenders (the “Lenders”)
which are or become a party thereto, and such Lenders (together with all amendments or supplements thereto being the “Credit Agreement”), the undersigned represents and warrants as follows (each capitalized term used herein
having the same meaning given to it in the Credit Agreement unless otherwise specified): 
 (a) The
representations and warranties of the Obligors contained in Article VII of the Credit Agreement and in the Security Instruments and otherwise made in writing by or on behalf of the Obligors pursuant to the Credit Agreement and the
Security Instruments were true and correct when made, and are repeated at and as of the time of delivery hereof and are true and correct at and as of the time of delivery hereof, except as such representations and warranties are modified to give
effect to the transactions expressly permitted by the Credit Agreement. 
 (b) The Obligors have performed and
complied with all agreements and conditions contained in the Credit Agreement and in the Security Instruments required to be performed or complied with by it prior to or at the time of delivery hereof 

(c) None of the Obligors nor any Subsidiary of an Obligor has incurred any material liabilities, direct or contingent,
since             , except those set forth in Schedule 9.01 to the Credit Agreement and except those allowed by the terms of the Credit Agreement or consented to by the
Lenders in writing. 
 (d) None of the Unrestricted Subsidiaries has incurred, created, assumed, or permitted to
exist any Recourse Debt, except to the extent that such Recourse Debt is limited to Trade Payables. 
 (e) Since
            , no change has occurred, either in any case or in the aggregate, in the condition, financial or otherwise, of the Obligors or any Subsidiary of an Obligor which would have a
Material Adverse Effect. 
 (f) There exists, and, after giving effect to the loan or loans with respect to which
this certificate is being delivered, will exist, no Default under the Credit Agreement or any event or circumstance which constitutes, or with notice or lapse of time (or both) would constitute, an event of default under any loan or credit
agreement, indenture, deed of trust, security agreement or other agreement or instrument evidencing or pertaining to any Debt of the Obligors or any Subsidiary of an Obligor, or under any material agreement or instrument to which any Obligor or any
Subsidiary of an Obligor is a party or by which any Obligor or any Subsidiary of an Obligor is bound. 
 (g) The
financial statements furnished to Administrative Agent with this certificate fairly present the consolidated financial condition and results of operations of Borrower and its Consolidated Subsidiaries as at the end of, and for, the [fiscal quarter]

  
 1 

 
[fiscal year] ending             and such financial statements have been approved in accordance with the accounting procedures
specified in the Credit Agreement. 
 (h) Attached hereto are the detailed computations necessary to determine
whether Borrower and its Consolidated Subsidiaries are in compliance with Sections 9.12 and 9.13 of the Credit Agreement as of the end of the [fiscal quarter] [fiscal year] ending
            . 
 EXECUTED AND DELIVERED this
        day of 201    . 
  

			
	 GEORESOURCES, INC.,
 a Colorado corporation

		
	By:	 	 
	Name:
	Title:

  

			
	 AROC (TEXAS), INC., a Texas corporation
 SOUTHERN BAY ENERGY, LLC, a Texas limited liability company
 SOUTHERN BAY
OPERATING, L.L.C., a Texas limited liability company
 SOUTHERN BAY LOUISIANA, LLC, a Texas limited liability company

CATENA OIL & GAS LLC, a Texas limited liability company
 G3 ENERGY, LLC, a Colorado limited liability company
 G3 OPERATING, LLC, a Colorado
limited liability company
 WESTERN STAR DRILLING COMPANY, a North Dakota corporation

		
	By:	 	 
	Name:
	Title:

  
 2 

 EXHIBIT D 
 SECURITY INSTRUMENTS 
 Pledge and Collateral Agreements 

 

	1.	Amended and Restated Pledge and Collateral Agreement dated as of October 16, 2007, from Borrower in favor of Administrative Agent. 

 

	2.	Amended and Restated Pledge and Collateral Agreement dated as of October 16, 2007, from SB Energy in favor of Administrative Agent. 

 

	3.	Amended and Restated Pledge and Collateral Agreement dated as of October 16, 2007, from G3 Operating in favor of Administrative Agent. 

 

	4.	Pledge and Collateral Agreement dated as of July 13, 2009, from Catena in favor of Administrative Agent. 

Items 1 through 4 have been ratified, reaffirmed and amended pursuant to that certain Master Ratification and Reaffirmation dated as of November 9,
2011, by and among Borrower, SB Energy, G3 Operating, and other Obligors and Administrative Agent. 
 Security Agreements 

 

	5.	Amended and Restated Security Agreement dated as of October 16, 2007, from SB Operating in favor of Administrative Agent. 

 

	6.	Security Agreement dated as of July 13, 2009, from Western Drilling in favor of Administrative Agent. 

Items 5 and 6 have been ratified, reaffirmed and amended pursuant to that certain Master Ratification and Reaffirmation dated as of November 9,
2011, by and among SB Operating, Western Drilling, and other Obligors and Administrative Agent. 
  

	7.	Security Agreement dated as of November 9, 2011, from SB Louisiana in favor of Administrative Agent. 

 

	8.	Security Agreement dated as of November 9, 2011, from G3 Energy in favor of Administrative Agent. 

 

	9.	Security Agreement dated as of November 9, 2011, from AROC Texas in favor of Administrative Agent. 

Guaranty Agreements 
  

	10.	Guaranty Agreement executed by each Guarantor 

Mortgages 
  

	11.	Mortgage-Collateral Real Estate Mortgage, Deed of Trust, Assignment of Production, Security Agreement and Financing Statement executed by Catena Oil & Gas,
LLC, along with all Amendments and Supplements, filed in the applicable counties in Texas. 

  
 1 

	12.	Mortgage-Collateral Real Estate Mortgage, Deed of Trust, Assignment of Production, Security Agreement and Financing Statement executed by G3 Energy, LLC, along with all
Amendments and Supplements, filed in the applicable counties in Montana. 

  

	13.	Mortgage-Collateral Real Estate Mortgage, Deed of Trust, Assignment of Production, Security Agreement and Financing Statement executed by G3 Energy, LLC, along with all
Amendments and Supplements, filed in the applicable counties in North Dakota. 

  

	14.	Mortgage-Collateral Real Estate Mortgage, Deed of Trust, Assignment of Production, Security Agreement and Financing Statement executed by G3 Energy, LLC, along with all
Amendments and Supplements, filed in the applicable counties in Colorado. 

  

	15.	Mortgage, Assignment of Production, Security Agreement, Fixture Filing and Financing Statement executed by Southern Bay Energy, LLC, along with all Amendments and
Supplements, filed in the applicable counties in New Mexico. 

  

	16.	Mortgage-Collateral Real Estate Mortgage, Deed of Trust, Assignment of Production, Security Agreement and Financing Statement executed by Southern Bay Energy, LLC,
along with all Amendments and Supplements, filed in the applicable counties in Texas. 

  

	17.	Act of Mortgage, Assignment of Production, Security Agreement, Fixture Filing and Financing Statement executed by Southern Bay Energy, LLC, along with all Amendments
and Supplements, filed in the applicable parishes in Louisiana. 

  

	18.	Act of Mortgage, Assignment of Production, Security Agreement, Fixture Filing and Financing Statement executed by Southern Bay Louisiana, LLC, along with all Amendments
and Supplements, filed in the applicable parishes in Louisiana. 

  

	19.	Mortgage, Deed of Trust, Security Agreement, Financing Statement, Assignment of Production executed by Catena Oil & Gas LLC, along with all Amendments and
Supplements, filed in the applicable counties in Oklahoma. 

 UCC Financing Statements 

 

	20.	UCC-1 and UCC-3 Financing Statements relating to items 1 through 9 and 11 through 19 above, as applicable. 

  
 2 

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

  

							
	1.	  	 Assignor[s]: 	  	 	  	
				
		  		  	 	  	
				
	2.	  	 Assignee[s]: 	  	 	  	
				
		  		  	 	  	

 [for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]] 

 

	3.	Borrower(s): GEORESOURCES, INC., 

  

	4.	Administrative Agent: Wells Fargo Bank, National Association, as Administrative agent under the Credit Agreement 

  

	5.	Credit Agreement: Third Amended and Restated Credit Agreement, dated as of November 9, 2011, among GEORESOURCES, INC., the Lenders from time to time party
thereto, and Wells Fargo Bank, National Association, as Administrative Agent and Issuing Bank. 

  

	6.	Assigned Interest[s]: 

  

																					
	 Assignor[s]
	  	Assignee[s]	  	Facility
Assigned	 	  	Aggregate
Amount of
Commitment/Loans
for all Lenders	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage
Assigned of
Commitment/
Loans	 	 	CUSIP
Number
		  		  	  
	  
	 	  	$	        	  	  	$	 	  	  	  
	  
	 	 	
		  		  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	% 	 	
		  		  	  
	  
	 	  	$	 	  	  	$	 	  	  	  
	  
	 	 	
		  		  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	% 	 	
		  		  	  
	  
	 	  	$	 	  	  	$	 	  	  	  
	  
	 	 	
		  		  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	% 	 	

  

	[7.	Trade Date:             ] 

 Effective Date:             , 20            [TO BE INSERTED BY ADMINISTRATIVE AGENT
AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and
Assumption are hereby agreed to: 
  

			
	 ASSIGNOR

[NAME OF ASSIGNOR]

		
	By:	 	 
	Name:
	Title:

  

			
	 ASSIGNEE

[NAME OF ASSIGNEE]

		
	By:	 	 
	Name:
	Title:

 Consented to and Accepted: 
  

			
	 Wells Fargo Bank, National Association, as
 Administrative Agent

		
	By:	 	 
	Name:
	Title:
		
	By:	 	 
	Name:
	Title:

  

 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 

[                    ] 

STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION 
 1. Representations and Warranties. 

1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of
[the][[the relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim 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 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 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][Each] Assignee (a) represents and warrants that (i) it has full
power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the
requirements to be an assignee under Section 12.05(b)(iii), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as may be required under Section 12.05(b)(iii) of the
Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender
thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned
Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to
Section     thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned
Interest, (vi) it has, independently and without reliance upon Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this
Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and
executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and without reliance upon Administrative Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or not taking action under the 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, Administrative Agent
shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to
[the][the relevant] Assignee for amounts which have accrued from and after the Effective Date. 

 3. General Provisions. This Assignment and Assumption shall be binding upon, and
inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed
counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in
accordance with, the law of the State of Texas. 

 SCHEDULE 7.02 
 LIABILITIES 
 None. 

 SCHEDULE 7.03 
 LITIGATION 
 None. 

 SCHEDULE 7.09 
 TAXES 
 None. 

 SCHEDULE 7.13 
 PLACE OF ORGANIZATION 
  

			
	Obligor	  	State of Organization
		
	GeoResources, Inc.	  	Colorado
	Southern Bay Energy, LLC	  	Texas
	Southern Bay Operating, L.L.C.	  	Texas
	Southern Bay Louisiana, LLC	  	Texas
	AROC (TEXAS), Inc.	  	Texas
	Catena Oil & Gas LLC	  	Texas
	G3 Energy, LLC	  	Colorado
	G3 Operating, LLC	  	Colorado
	Western Star Drilling Company	  	North Dakota
		
	 Unrestricted Subsidiaries
	  	State of Organization
		
	 SBE Partners LP
	  	Texas
	
	(Catena Oil and Gas LLC serves as General Partner and holds approximately a 25% partnership interest)
		
	 OKLA Energy Partners LP
	  	Texas
	(Catena Oil and Gas LLC serves as General Partner and holds approximately a 2% partnership interest)
		
	 Other
	  	State of Organization
		
	 Trigon Energy Partners, LLC
	  	Texas
	
	(GeoResources, Inc. owns 73.3% of this entity. The entity has no assets and no known liabilities and is being dissolved)
		
	Location of Business and Chief Executive Offices:	  	
		
	 110 Cypress Station Drive, Suite 220
 Houston, Texas 77090
	  	

 SCHEDULE 7.16 
 ENVIRONMENTAL MATTERS 
 None. 

 

 SCHEDULE 7.18 
 INSURANCE 
 See attached. 

 SCHEDULE 7.19 
 HEDGING AGREEMENTS 
  

																													
	 Transaction
 Date
	  	Counter-
party	  	Trans
Type	 	  	Beginning	 	  	Ending	 	  	Price per
unit	 	  	Remaining
Volumes	  	MTM
Value:
Asset
(Liability)	 
	 	  	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	  	(in thousands)	 
	 Natural Gas:
	  		  				  				  				  				  				  		  			
									
	 Oct 2007
	  	W Fargo	  	 	Collar	  	  	 	01/01/11	  	  	 	12/31/11	  	  	$	7.00-$9.20	  	  	 	270,000	  	  	Mmbtu	  	$	857	  
	 Dec 2009
	  	W Fargo	  	 	Swap	  	  	 	04/01/11	  	  	 	03/31/12	  	  	$	6.450	  	  	 	360,000	  	  	Mmbtu	  	 	915	  
	 Dec 2009
	  	W Fargo	  	 	Swap	  	  	 	04/01/12	  	  	 	12/31/12	  	  	$	6.415	  	  	 	450,000	  	  	Mmbtu	  	 	1,009	  
	 Jan 2011
	  	Frost Bank	  	 	Swap	  	  	 	1/31/2012	  	  	 	3/31/2013	  	  	$	4.850	  	  	 	1,125,000	  	  	Mmbtu	  	 	626	  
		  		  				  				  				  				  				  		  	  
	  
	 
		  		  				  				  				  				  				  		  	 	3,407	  
									
	 Crude Oil:
	  		  				  				  				  				  				  		  			
	 Oct 2007
	  	W Fargo	  	 	Swap	  	  	 	01/01/11	  	  	 	12/31/11	  	  	$	74.370	  	  	 	70,500	  	  	Bbls	  	 	(353	) 
	 Jan 2010
	  	Natixis	  	 	Swap	  	  	 	01/01/11	  	  	 	12/31/11	  	  	$	88.450	  	  	 	21,000	  	  	Bbls	  	 	190	  
	 Aug 2010
	  	W Fargo	  	 	Swap	  	  	 	09/01/10	  	  	 	12/31/11	  	  	$	85.050	  	  	 	30,000	  	  	Bbls	  	 	166	  
	 Aug 2010
	  	W Fargo	  	 	Swap	  	  	 	01/01/12	  	  	 	12/31/12	  	  	$	86.850	  	  	 	120,000	  	  	Bbls	  	 	697	  
	 Oct 2010
	  	W Fargo	  	 	Swap	  	  	 	01/01/11	  	  	 	12/31/11	  	  	$	85.160	  	  	 	15,000	  	  	Bbls	  	 	85	  
	 Oct 2010
	  	W Fargo	  	 	Swap	  	  	 	01/01/12	  	  	 	12/31/12	  	  	$	87.220	  	  	 	120,000	  	  	Bbls	  	 	740	  
	 Jan 2011
	  	W Fargo	  	 	Collar	  	  	 	02/01/11	  	  	 	12/31/11	  	  	$	85.00-$106.08	  	  	 	15,000	  	  	Bbls	  	 	176	  
	 Jan 2011
	  	W Fargo	  	 	Collar	  	  	 	01/01/12	  	  	 	12/31/12	  	  	$	85.00-$110.00	  	  	 	120,000	  	  	Bbls	  	 	1,234	  
	 Mar 2011
	  	Frost Bank	  	 	Collar	  	  	 	03/01/11	  	  	 	12/31/11	  	  	$	100.00-$114.00	  	  	 	15,000	  	  	Bbls	  	 	312	  
	 Mar 2011
	  	Frost Bank	  	 	Swap	  	  	 	01/01/12	  	  	 	12/31/12	  	  	$	103.950	  	  	 	120,000	  	  	Bbls	  	 	2,758	  
	 Mar 2011
	  	W Fargo	  	 	Swap	  	  	 	01/01/13	  	  	 	12/31/13	  	  	$	101.850	  	  	 	120,000	  	  	Bbls	  	 	2,169	  
	 Apr 2011
	  	W Fargo	  	 	Swap	  	  	 	05/01/11	  	  	 	12/31/11	  	  	$	110.000	  	  	 	18,750	  	  	Bbls	  	 	574	  
		  		  				  				  				  				  				  		  	  
	  
	 
		  		  				  				  				  				  				  		  	 	8,748	  
		  		  				  				  				  				  				  		  	  
	  
	 
	 Total
	  		  				  				  				  				  				  		  	$	12,155	  
		  		  				  				  				  				  				  		  	  
	  
	 

 SCHEDULE 7.21 
 MATERIAL AGREEMENTS 
 Outstanding Bonds 

Southern Region 
  

											
	 Bond #
	  	 Principal
	  	 Obligee
	  	Amount	 	  	 Description

	 RLB0010864
	  	Southern Bay Operating, L.L.C.	  	State of Alabama	  	$	100,000	  	  	Blanket (oper bond)
	 RLB0007040
	  	Southern Bay Operating, L.L.C.	  	LA Office of Conservation	  	$	87,760	  	  	P&A Obligations-Louisiana
	 RLB0008012
	  	Southern Bay Operating, L.L.C.	  	State of Louisiana (land wells)	  	$	125,000	  	  	P&A Oblig-Louisiana
	 RLB0011460
	  	GeoResources	  	LA Office of Cons (Cox Bond)	  	$	3,485,089	  	  	P&A
	 RLB0004165
	  	Southern Bay Operating, L.L.C.	  	MMS	  	$	20,000	  	  	Pollution Bond
	 RLB0007976
	  	Southern Bay Operating, L.L.C.	  	Mississippi Oil & Gas Bd	  	$	100,000	  	  	P&A
	 RLB0002122
	  	Southern Bay Operating, L.L.C.	  	US BLM	  	$	25,000	  	  	NM Statewide
	 RLB0002123
	  	Southern Bay Operating, L.L.C.	  	State of New Mexico	  	$	50,000	  	  	Blanket Plugging
	 RLB0004054
	  	AROC (Texas), Inc.	  	US DOI Bureau Indian Affairs	  	$	15,000	  	  	Assignees Obligations (NM)
	 RLB0004057
	  	AROC (Texas), Inc.	  	US DOI Bureau Indian Affairs	  	$	15,000	  	  	Assignees Obligations (NM)
	 RLB0004058
	  	AROC (Texas), Inc.	  	US DOI Bureau Indian Affairs	  	$	15,000	  	  	Assignees Obligations (NM)
	 RLB0005761
	  	Germany	  	US DOI Bureau Indian Affairs	  	$	10,000	  	  	Howling Woman well
	 RLB0011644
	  	Southern Bay Operating, L.L.C.	  	OK Oil & Gas Conser Division	  	$	25,000	  	  	Blanket Operator Bond
	 RLB0011844
	  	Southern Bay Operating, L.L.C.	  	City of Oklahoma City	  	$	25,000	  	  	Operator Bond
	 RLB0011971
	  	Southern Bay Operating, L.L.C.	  	BIA Comanche	  	$	10,000	  	  	Assignees Obligations (OK)
	 RLB0011972
	  	Okla Energy Partners	  	BIA-Chocktaw & Chickasaw	  	$	10,000	  	  	Assignees Obligations (OK)
	 RLB0012171
	  	Southern Bay Operating, L.L.C.	  	City of Chickasha OK	  	$	200,000	  	  	Operator Bond
	 RLB0012582
	  	Southern Bay Operating, L.L.C.	  	BLM-Texas	  	$	25,000	  	  	BLM Bond
	 RLB0007977
	  	Southern Bay Operating, L.L.C.	  	State of Texas-RRC	  	$	250,000	  	  	P&A Oblig-Texas
		  		  		  	$	4,592,849	  	  	
	
	Northern Region
					
	 RLB0010929
	  	G3 Operating	  	State of Colorado	  	$	 30,000	  	  	Blanket Bond
	 RLB0010930
	  	G3 Operating	  	BLM Colorado	  	$	25,000	  	  	
	 RLB0010931
	  	G3 Operating	  	State of Colorado	  	$	2,000	  	  	Surface Bond
	 RLB0010932
	  	G3 Operating	  	State of Colorado	  	$	2,000	  	  	Surface Bond
	 RLB0010933
	  	G3 Operating	  	State of Colorado	  	$	2,000	  	  	Surface Bond
	 RLB0010938
	  	G3 Operating	  	Montana	  	$	50,000	  	  	Blanket Operator
	 RLB0011302
	  	G3 Operating	  	MT O&G Conservation Board	  	$	10,000	  	  	UIC Bond (SWD/injection)
	 RLB0011303
	  	G3 Operating	  	MT O&G Conservation Board	  	$	10,000	  	  	UIC Bond (SWD/injection)
	 RLB0007840
	  	G3 Operating	  	N Dakota Industrial Commission	  	$	100,000	  	  	Blanket Plugging
	 RLB0008446
	  	G3 Operating	  	BLM-North Dakota	  	$	25,000	  	  	BLM
	 RLB0008481
	  	G3 Operating	  	BLM N Dakota	  	$	25,000	  	  	
	 RLB0010005
	  	G3 Operating	  	N Dakota Industrial Commission	  	$	100,000	  	  	Blanket Plugging

											
	 RLB0010887
	  	G3 Operating	  	N Dakota Industrial Commission	  	$	100,000	  	  	Blanket Plugging-Starbuck
	 RLB0010939
	  	G3 Operating	  	North Dakota Industrial Commission	  	$	50,000	  	  	Plugging Bond
	 RLB0010988
	  	G3 Operating	  	N Dakota Industrial Commission	  	$	100,000	  	  	Blanket Plugging
	 RLB0010989
	  	G3 Operating	  	N Dakota Industrial Commission	  	$	100,000	  	  	Blanket Plugging
	 RLB0010990
	  	G3 Operating	  	N Dakota Industrial Commission	  	$	100,000	  	  	Blanket Plugging
	 RLB0012118
	  	G3 Operating	  	N Dakota Industrial Commission	  	$	50,000	  	  	Blanket Plugging
	 RLB0010940
	  	G3 Operating	  	BLM-Utah	  	$	25,000	  	  	
					
		  		  		  	$	906,000	  	  	

 SCHEDULE 7.22 
 GAS IMBALANCES 
 GAS BALANCING STATUS 

FOR OPERATING SUBSIDIARIES OF GEORESOURCES, INC. 
 (operated and non-operated properties) 
 None (immaterial). 

 SCHEDULE 9.01 
 DEBT 
 None. 

 SCHEDULE 9.02 
 LIENS 
 None. 

 SCHEDULE 9.03 
 INVESTMENTS, LOANS AND ADVANCES 
 None. 

 SCHEDULE 12.02 
 NOTICES 
 Borrower 
 GeoResources, Inc. 
 110 Cypress Station Drive, Suite 220 

Houston, TX 77090 
 Attention: Frank A. Lodzinski

 e-mail: frank@sbenergy.com 

Telephone: (281) 537-9920 
 Facsimile:
(281) 537-8324 
 Administrative Agent 
 Wells Fargo Bank, National Association 
 1525 W. WT Harris Blvd. 

Charlotte, NC 28262 
 Attn: Manager, Agency
Department 
 Telephone: (704) 590-2760 
 Facsimile: (704) 590-2790 
 With a Copy to: 

Wells Fargo Bank, National Association 
 MAC
T5002-031 
 1000 Louisiana Street, 9th Floor 
 Houston, Texas 77002 
 Attn: Energy Division 

Telephone: (713) 319-1350 
 Facsimile:
(713) 739-1087

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}]]