Document:

Form of Marketing Agreement

 Exhibit 10.6 
 MARKETING AGREEMENT 
 This Marketing Agreement is made and entered into as
of [•], 2012 (this “Agreement”), by and between Delek Refining, Ltd., a Texas limited partnership (“Delek Refining”), and Delek Marketing & Supply, LP, a Delaware limited
partnership (“Delek Marketing”). Delek Refining and Delek Marketing are hereinafter sometimes referred to individually as a “Party” and collectively as the “Parties.”

 WHEREAS, Delek Refining owns an oil refinery located in Tyler, Smith County, Texas, including the Tyler Terminal (the
“Refinery”), and, among other things, is in the business of producing at such Refinery or otherwise sells at such Refinery or the Big Sandy Terminal the products listed in Schedule A attached hereto (the
“Refinery Products”) and jet fuel and petroleum coke (the “Excluded Products”); 

WHEREAS, Delek Refining is in the business of selling Refinery Products and Excluded Products to a number of wholesale customers
pursuant to various contracts; 
 WHEREAS, Delek Marketing is in the business of marketing and selling refined petroleum
products primarily within the State of Texas; 
 WHEREAS, the Parties desire that Delek Marketing perform the functions
of marketing all Refinery Products produced or sold from the Refinery and/or the Big Sandy Terminal; 
 WHEREAS, Delek
Marketing possesses the ability to provide and is willing to perform such marketing services as provided herein; 
 NOW,
THEREFORE, for and in consideration of the mutual covenants, agreements, obligations and benefits made and contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
the Parties hereby agree as follows: 
 ARTICLE 1 
 DEFINITIONS 
 Capitalized terms used throughout this Agreement, shall have
the meanings ascribed to such terms herein. The terms below shall have the following meanings: 

“Affiliate” means, with to respect to a specified Person, any other Person controlling, controlled by or under
common control with that first Person. As used in this definition, the term “control” includes (i) with respect to any Person having voting securities or the equivalent and elected directors, managers or Persons performing similar
functions, the ownership of or power to vote, directly or indirectly, voting securities or the equivalent representing 50% or more of the power to vote in the election of directors, managers or Persons performing similar functions,
(ii) ownership of 50% or more of the equity or equivalent interest in any Person and (iii) the ability to direct the business and affairs of any Person by acting as a general partner, manager or otherwise. Notwithstanding the foregoing,
for purposes of this Agreement, Delek US and its subsidiaries (other than the Partnership and its subsidiaries), including Delek Refining, on the one hand, and the Partnership and its subsidiaries, including Delek Marketing, on the other hand, shall
not be considered Affiliates of each other. 

 “Agreement” shall have the meaning assigned to such term in the
Preamble. 
 “Applicable Law” means any applicable statute, law, regulation, ordinance, rule, judgment,
rule of law, order, decree, permit, approval, concession, grant, franchise, license, agreement, requirement, or other governmental restriction or any similar form of decision of, or any provision of condition of any permit, license or other
operating authorization issued under any of the foregoing by, or any determination by any Governmental Authority having or asserting jurisdiction over the matter or matters in question, whether now or hereafter in effect and in each case as amended
(including, without limitation, all of the terms and provisions of the common law of such Governmental Authority), as interpreted and enforced at the time in question. 
 “Arbitrable Dispute” means any and all disputes, claims, controversies and other matters in question between Delek Refining, on the one hand, and Delek Marketing, on the other
hand, requiring arbitration under this Agreement. 
 “Barrel” shall mean a volume equal to 42 U.S.
gallons of 231 cubic inches each. 
 “Big Sandy Terminal” shall mean the light product distribution
terminal and associated assets owned and operated by an Affiliate of Delek Marketing and located in Big Sandy, Texas. 

“Business Day” shall mean a day, other than a Saturday or Sunday, on which banks in New York, New York are open
for the general transaction of business. 
 “Claimant” shall have the meaning assigned to such term in
Section 11.12. 
 “Confidential Information” means all information, documents, records and
data that a Party furnishes or otherwise discloses to the other Party (including any such items furnished prior to the execution of this Agreement), together with all analyses, compilations, studies, memoranda, notes or other documents, records or
data (in whatever form maintained, whether documentary, computer or other electronic storage or otherwise) prepared by the receiving Party which contain or otherwise reflect or are generated from such information, documents, records and data;
provided, however, that the term “Confidential Information” does not include any information that (i) at the time of disclosure or thereafter is or becomes generally available to or known by the public (other than
as a result of a disclosure by the receiving Party), (ii) is developed by the receiving Party without reliance on any Confidential Information or (iii) is or was available to the receiving Party on a nonconfidential basis from a source
other than the disclosing Party that, insofar as is known to the receiving Party after reasonable inquiry, is not prohibited from transmitting the information to the recipient by a contractual, legal or fiduciary obligation to the disclosing Party.

 “Contract Quarter” means a three-month period that commences on
January 1, April 1, July 1 or October 1, and ends on March 31, June 30, September 30 or December 31, respectively, except that the initial Contract Quarter shall commence on the Effective
Date and end on [                    ], 2012 and the final Contract Quarter shall end on the last day of the Term. 

  
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 “Control” (including with correlative meaning, the term
“controlled by”) means, as used with respect to any Person, the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting
securities, by contract or otherwise. 
 “Cost Basis” shall mean, for each Refinery Product, the price
per gallon of such Refinery Product calculated as set forth for such Refinery Product in Schedule B, provided, however, that such Schedule B may be amended, modified or supplemented on a monthly basis or at such other
times by written agreement of the Parties as may be necessary, or dictated by changing regulatory requirements, to reflect changes in market indices, increases in additive supply costs or increases in the type, number, characteristics or rates of
fuels additives. 
 “Deficiency Notice” shall have the meaning assigned to such term in
Section 6.9(a). 
 “Deficiency Payment” shall have the meaning assigned to such term in
Section 6.9(a). 
 “Delek Marketing” shall have the meaning assigned to such term in the Preamble.

 “Delek Refining” shall have the meaning assigned to such term in the Preamble. 

“Delek Refining Accounts” shall mean all accounts, general intangibles, chattel paper, letters of credit,
instruments and other rights to payments, all security for any such payment obligations of any such buyer and all cash or non-cash proceeds arising from the sale or other disposition of the Refinery Products during the Term. 

“Delek Refining Contracts” shall mean any and all contracts or sales arrangements relating to the sale of the
Refinery Products by Delek Refining in existence as of the date hereof or that come into existence during the Term. 

“Delek US” means Delek US Holdings, Inc. 

“Effective Date” means
[                    ], 2012. [closing date of IPO] 
 “Environmental Law” means all federal, state, and local laws, statutes, rules, regulations, orders, judgments, ordinances, codes, injunctions, decrees, Environmental Permits and
other legally enforceable requirements and rules of common law now or hereafter in effect, relating to pollution or protection of human health and the environment including, without limitation, the federal Comprehensive Environmental Response,
Compensation, and Liability Act, the Superfund Amendments Reauthorization Act, the Resource Conservation and Recovery Act, the Clean Air Act, the Federal Water Pollution Control Act, the Toxic Substances Control Act, the Oil Pollution Act, the Safe
Drinking Water Act, the Hazardous Materials Transportation Act, and other similar federal, state or local environmental conservation and protection laws, each as amended from time to time. 

“Environmental Permit” means any permit, approval, identification number, license, registration, consent,
exemption, variance or other authorization required under or issued pursuant to any applicable Environmental Law. 

  
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 “Excluded Products” shall have the meaning assigned to such term in
the Recitals. 
 “Finished Products” shall mean the Refinery Products classified as “finished
product”; as set forth in Schedule A, as such Schedule A may be amended, modified or supplemented by written agreement of the Parties from time to time. 
 “Force Majeure” means acts of God, strikes, lockouts or other industrial disturbances, acts of the public enemy, wars, blockades, insurrections, riots, storms, floods, washouts,
arrests, the order of any court or Governmental Authority having jurisdiction while the same is in force and effect, civil disturbances, explosions, breakage, accident to machinery, storage tanks or lines of pipe, inability to obtain or unavoidable
delay in obtaining material or equipment, any inability to deliver Refinery Products because of a failure of third-party pipelines, and any other causes whether of the kind herein enumerated or otherwise not reasonably within the control of the
Party claiming suspension and which by the exercise of due diligence such Party is unable to prevent or overcome. 

“Force Majeure Notice” shall have the meaning assigned to such term in Section 8.1. 

“Force Majeure Party” shall have the meaning assigned to such term in Section 8.1. 

“Force Majeure Period” shall have the meaning assigned to such term in Section 8.1. 

“General Partner” shall mean the general partner of the Partnership. 

“Governmental Authority” shall mean any federal, state, local or foreign government or any provincial,
departmental or other political subdivision thereof, or any entity, body or authority exercising executive, legislative, judicial, regulatory, administrative or other governmental functions or any court, department, commission, board, bureau,
agency, instrumentality or administrative body of any of the foregoing. 
 “Initial Term” shall have the
meaning assigned to such term in Section 3.1. 
 “Liabilities” shall mean any losses,
liabilities, charges, damages, deficiencies, assessments, interests, fines, penalties, costs and expenses (collectively, “Costs”) of any kind (including reasonable attorneys’ fees and other fees, court costs and other
disbursements), including any Costs directly or indirectly arising out of or related to any suit, proceeding, judgment, settlement or judicial or administrative order and any Costs arising from compliance or non-compliance with Environmental Law.

 “Margin” shall mean, for each Refinery Product, the difference, if any, between the Sales Price minus
the sum of the Cost Basis thereof plus any direct freight costs. For purposes of calculating the Margin for any monthly period, the Parties may not apply any positive or negative balance from a prior or subsequent period to such calculation. In the
event such total difference between the sum of the Sales Price of all the Refinery Products sold minus the sum of the Cost Basis of such products is a negative number (on a monthly basis), the Margin shall equal zero (0). 

“Marketing Indemnitees” shall have the meaning assigned to such term in Section 9.1. 

  
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 “Minimum Volume Commitment” shall have the meaning assigned to such
term in Section 6.4. 
 “Notice Period” shall have the meaning assigned to such term in
Section 3.2(b). 
 “Partnership” means Delek Logistics Partners, LP. 

“Party” or “Parties” shall have the meanings assigned to such terms in the Preamble.

 “Person” shall mean any individual, corporation, partnership, limited partnership, limited liability
company, joint venture, association, joint stock company, trust, unincorporated organization, or governmental authority. 

“Prime Rate” means the rate of interest quoted in The Wall Street Journal, Money Rates Section as the
Prime Rate. 
 “Receiving Party Personnel” shall have the meaning assigned to such term in
Section 10.1(d). 
 “Refinery” shall have the meaning assigned to such term in the Recitals.

 “Refinery Products” shall have the meaning assigned to such term in the Recitals. 

“Refining Indemnitees” shall have the meaning assigned to such term in Section 9.2. 

“Renewal Term” shall have the meaning assigned to such term in Section 3.1. 

“Respondent” shall have the meaning assigned to such term in Section 11.12. 

“Sales Price” shall mean, for each Refinery Product, the price per gallon at which such Refinery Product is sold
to third Persons, including any and all fees (excluding taxes) and additives cost, as set forth in the invoice therefor, less any discount or refund applied to such invoice price. 

“Services Base Fee” shall have the meaning assigned to such term in Section 6.1(a). 

“Services Profit Share” shall have the meaning assigned to such term in Section 6.1(b). 

“Shortfall Payment” shall have the meaning assigned to such term in Section 6.5(a). 

“Special Damages” shall have the meaning assigned to such term in Section 9.3. 

“Suspension Notice” shall have the meaning assigned to such term in Section 3.2(b). 

“Term” shall have the meaning assigned to such term in Section 3.1. 

“Termination Notice” shall have the meaning assigned to such term in Section 8.3. 

“Throughput Fee” shall have the meaning assigned to such term in Section 6.2. 

“Tyler Terminal” shall mean Delek Refining’s light products terminal located at the Refinery. 

  
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 ARTICLE 2 
 MARKETING AND SALES SERVICES 
 2.1 Exclusive Marketing and Sales
Services Provider. During the Term, Delek Marketing shall act as the exclusive marketing and sales agent on behalf of Delek Refining and be the exclusive provider of marketing and sales services for all of the Refinery Products sold by Delek
Refining. During the Term, Delek Refining shall not market or sell the Refinery Products except pursuant to the terms of this Agreement. 
 2.2 Marketing and Sales Services. Subject to the terms and conditions of this Agreement, during the Term, Delek Marketing shall market the Refinery Products and perform such other services as are
reasonably necessary to carry out the transactions contemplated by this Agreement in a capable and professional manner, including, without limitation, the following: 
 (a) promptly identify potential new buyers of the Refinery Products, evaluate the creditworthiness of such potential new buyers and make recommendations to Delek Refining with respect to such potential
new buyers (it being understood and agreed that Delek Refining shall make the decision as to whether it will transact with any such buyer and Delek Marketing will have no liability for any bad debt of such buyer); 

(b) promptly negotiate and recommend for approval by Delek Refining commercially competitive terms (under prevailing market conditions) of
any purchase orders or supply contracts for the Refinery Products; 
 (c) provide such personnel, equipment and vehicles
necessary to perform the marketing and sales services contemplated herein; 
 (d) diligently monitor sales volumes and
inventories of Refinery Products; 
 (e) act as the primary point of contact for sales and marketing issues relating to the Delek
Refining Contracts; and 
 (f) monitor accounts receivable with respect to the Refinery Products and any taxes or other charges
related thereto. 
 2.3 Access to Facilities and Systems During the Term of Agreement. 

(a) Delek Marketing shall have the right to full and complete access to the Refinery, and related facilities, information and systems as
may be reasonably necessary to market and sell the Refinery Products, and otherwise perform its obligations and exercise its rights under this Agreement. 
 (b) When accessing the facilities, Delek Marketing shall comply with such safety directives and guidelines as may be furnished to Delek Marketing by Delek Refining in writing from time to time.

  
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 ARTICLE 3 
 TERM 
 3.1 Term. The term of this Agreement shall commence on the
date hereof and, unless earlier terminated in accordance with Section 3.2, shall continue in full force and effect until the tenth (10th) anniversary hereof (the “Initial Term”). The Term shall renew annually
for an additional one (1) year period (the “Renewal Term(s)”) unless written notice of termination of this Agreement at the end of the Initial Term or any Renewal Term is received by the non-terminating Party at least
ten (10) months prior to the end of the Initial Term or such Renewal Term, as applicable. The Initial Term and any Renewal Terms are sometimes collectively referred to as the “Term.” 

3.2 Termination. 
 (a) This Agreement may be terminated and the transactions contemplated hereby may be abandoned at any time upon written notice by either Party in the event the other Party commits a material breach of or
materially defaults under the terms of this Agreement, and such breach or default is not cured (or a plan to cure such breach or default reasonably satisfactory to the non-breaching or non-defaulting Party has been adopted and is being diligently
pursued by the breaching or defaulting Party) within fifteen (15) calendar days after receipt by the breaching Party of written notice from the non-breaching Party of such breach or default. 

(b) From and after the second anniversary of the Effective Date, in the event that Delek Refining decides to permanently or indefinitely
suspend refining operations at the Refinery for a period that shall continue for at least twelve (12) consecutive months, Delek Refining may provide written notice to Delek Marketing of Delek Refining’s intent to terminate this Agreement
(the “Suspension Notice”). Such Suspension Notice shall be sent at any time (but not prior to the second anniversary of the Effective Date) after Delek Refining has notified Delek Marketing of such suspension and, upon the
expiration of the period of twelve (12) months (which may run concurrently with the twelve (12) month period described in the immediately preceding sentence) following the date such notice is sent (the “Notice
Period”), this Agreement shall terminate. If Delek Refining notifies Delek Marketing, more than two (2) months prior to the expiration of the Notice Period, of its intent to resume operations at the Refinery, then the Suspension
Notice shall be deemed revoked and this Agreement shall continue in full force and effect as if such Suspension Notice had never been delivered. During the Notice Period, Delek Refining shall remain liable for Deficiency Payments. 

(c) If refining operations at the Refinery are suspended for any reason (including refinery turnaround operations and other scheduled
maintenance), then Delek Refining shall remain liable for Shortfall Payments under this Agreement for the duration of the suspension, unless and until this Agreement is terminated as provided above. Delek Refining shall provide at least thirty
(30) days’ prior written notice of any suspension of operations at the Refinery due to a planned turnaround or scheduled maintenance, provided that Delek Refining shall not have any liability for any failure to notify, or delay in
notifying, Delek Marketing of any such suspension except to the extent Delek Marketing has been materially damaged by such failure or delay. 

  
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 ARTICLE 4 
 THE REFINERY PRODUCTS 
 4.1 Quantity of Refinery Products. During
the Term of this Agreement, Delek Refining shall make available to Delek Marketing at the Refinery and/or the Big Sandy Terminal, and Delek Marketing will use commercially reasonable efforts to market and sell, all of the Refinery Products produced
or otherwise sold by Delek Refining; provided, however, that nothing contained herein shall prevent Delek Marketing from purchasing from third Persons (or selling on behalf of third Persons) products that are similar in nature to the
Refinery Products in markets not served by Delek Refining, as determined by Delek Marketing in good faith. 
 4.2 Measurement
of Refinery Products. The measurement of Refinery Products produced and sold pursuant to this Agreement shall be determined in a manner reasonably acceptable to Delek Refining and Delek Marketing. Delek Marketing shall have the right to inspect,
test, and audit any and all equipment and systems used in the measurement of the Refinery Products pursuant to this Agreement. 

4.3 Title and Risk of Loss to Refinery Products. During the Term, the title and risk of loss to the Refinery Products sold
hereunder shall pass from Delek Refining to the third Person buyer of such Refinery Products (or, with respect to any Refinery Products sold hereunder to Delek Marketing for its own account, to Delek Marketing) pursuant to the terms of the purchase
or supply contract or other sales arrangement between Delek Refining and such buyer. As between the Parties, during the Term, Delek Refining shall be deemed to be the (i) sole and exclusive owner, and in sole and exclusive control and
possession, of all the Refinery Products delivered hereunder to any third Person buyer (or, with respect to any Refinery Products sold hereunder to Delek Marketing for its own account, to Delek Marketing); and (ii) sole and exclusive owner of
all Delek Refining Accounts and Delek Refining Contracts, and Delek Marketing hereby expressly disclaims any rights, claims or interest in or to such Refinery Products (other than any Refinery Products sold hereunder to Delek Marketing for its own
account), Delek Refining Accounts, or Delek Refining Contracts, whether now existing or otherwise arising during the Term; provided, however, nothing in this Section 4.3 is intended as a waiver of any claims related to the
performance of the Parties of their respective obligations under this Agreement. 
 4.4 Taxes and Other Assessments.
Delek Refining shall be responsible for and shall discharge as and when due all taxes, duties, royalties, fees and other assessments imposed or levied upon the Refinery Products sold pursuant to this Agreement during the Term; provided,
however, that if Delek Marketing is a purchaser for its own account of Refinery Products sold under this Agreement, Delek Marketing shall be responsible for and shall discharge as and when due all taxes, duties, royalties, fees and other
assessments imposed or levied on such Refinery Products following such purchase. 

  
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 ARTICLE 5 
 REPRESENTATIONS AND WARRANTIES 
 5.1 Representations of Delek
Refining. Delek Refining hereby represents and warrants to Delek Marketing as follows: 
 (a) Delek Refining is a limited
partnership duly formed and validly existing; 
 (b) Delek Refining possesses all requisite power and authority to enter into
and perform this Agreement and to carry out the transactions contemplated herein; 
 (c) Delek Refining’s execution,
delivery, and performance of this Agreement have been duly authorized, and this Agreement has been duly executed and delivered by Delek Refining and (assuming due authorization by Delek Marketing) constitutes Delek Refining’s legal, valid, and
binding obligation, enforceable against Delek Refining in accordance with its terms, except as the enforcement thereof may be limited by applicable bankruptcy, insolvency and other legal principles pertaining to creditors’ rights; 

(d) No suit, action or arbitration, or legal, administrative or other proceeding is pending or, to Delek Refining’s knowledge,
threatened against it that would affect the validity or enforceability of this Agreement or the ability of Delek Refining to fulfill its obligations and commitments hereunder; 
 (e) No consents or approvals are required in connection with the execution, delivery and performance of this Agreement by Delek Refining that have not been obtained as of the date hereof; 

(f) The execution, delivery and performance by Delek Refining of this Agreement will not (i) violate any law, rule or regulation
applicable to it, (ii) result in any breach of, or constitute any default under, any contractual obligation thereof or of any Delek Refining Contract, or (iii) result in, or require, the creation or imposition of any lien or other
encumbrance on any of the properties or revenues of Delek Marketing; and 
 (g) Delek Refining shall not take any action or
cause any other Person to take any action not authorized or permitted by this Agreement that shall materially interfere or materially adversely affect Delek Marketing’s ability to comply with the terms and conditions of this Agreement.

 5.2 Representations of Delek Marketing. Delek Marketing hereby represents and warrants to Delek Refining as follows:

 (a) Delek Marketing is a limited partnership duly formed and validly existing; 

(b) Delek Marketing possesses all requisite power and authority to enter into and perform this Agreement and to carry out the
transactions contemplated herein; 
 (c) Delek Marketing’s execution, delivery, and performance of this Agreement have been
duly authorized, and this Agreement has been duly executed and delivered by Delek Marketing and (assuming due authorization by Delek Refining) constitutes Delek Marketing’s legal, valid, and binding obligation, enforceable against Delek
Marketing in accordance with its terms, except as the enforcement thereof may be limited by applicable bankruptcy, insolvency and other legal principles pertaining to creditors’ rights; 

  
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 (d) No suit, action or arbitration, or legal, administrative or other proceeding is pending
or, to Delek Marketing’s knowledge, threatened against Delek Marketing that would affect the validity or enforceability of this Agreement or the ability of Delek Marketing to fulfill its obligations and commitments hereunder; 

(e) No consents or approvals are required in connection with the execution, delivery and performance of this Agreement by Delek Marketing
that have not been obtained as of the date hereof; and 
 (f) The execution, delivery and performance by Delek Marketing of this
Agreement will not (i) violate any law, rule or regulation applicable thereto, (ii) result in any breach of, or constitute any default under, any contractual obligation thereof, or (iii) result in, or require, the creation or
imposition of any lien or other encumbrance on any of the properties or revenues of Delek Refining. 
 ARTICLE 6

 FEES DURING TERM 
 6.1 Marketing and Sales Services Fee. In consideration for the marketing and sales services to be performed by Delek Marketing during the Term pursuant to the terms and conditions hereof, Delek
Refining shall pay Delek Marketing a monthly fee equal, for any one-month period, to the sum of: 
 (a) one and sixty-five
hundredths cents ($0.0165) per gallon of Refinery Products sold pursuant to this Agreement during such period (the “Services Base Fee”); plus 
 (b) fifty percent (50%) of the Margin on the Finished Products sold pursuant to this Agreement during such period (the “Services Profit Share”), which Margin shall be
calculated monthly based on the aggregate sales of Finished Product for the applicable one-month period; provided, however, that for any Contract Quarter, the aggregate Services Profit Share shall be not less than $175,000 nor greater than $500,000.

 6.2 Throughput Fee. As consideration for the operation of the Tyler Terminal by Delek Refining during the Term, Delek
Marketing shall pay Delek Refining a monthly fee equal, for any one-month period, to twenty-three hundredths of one cent ($0.0023) per gallon of Refinery Products sold pursuant to this Agreement during such period (the “Throughput
Fee”). 
 6.3 Services Base Fee Adjustment and Throughput Fee Adjustment. On July 1 of each year
commencing on July 1, 2013, the Services Base Fee and Throughput Fee shall be increased by an amount equal to the increase, if any, in the CPI-U (All Urban Consumers), as reported by the U.S. Bureau of Labor Statistics, Index; provided,
however, that neither the Services Base Fee nor the Throughput Fee may be decreased below the initial Services Base Fee or the initial Throughput Fee provided in Sections 6.1 and 6.2, respectively. If the CPI-U (All Urban Consumers) index is no
longer published, Delek Refining and Delek Marketing shall negotiate in good faith to agree on a new index that gives comparable protection against inflation and the same method of adjustment for increases in the new index shall be used to calculate
increases in the Services Base Fee and the Throughput Fee. If Delek Refining and Delek Marketing are unable to agree, the new index will be determined by arbitration in accordance with Section 11.12. 

  
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 6.4 Minimum Volume Commitment. During each Contract Quarter during the Term, Delek
Refining shall make available to Delek Marketing for marketing and sale at the Refinery and/or the Big Sandy Terminal an aggregate amount of the Refinery Products equal to at least 50,000 Barrels per day, multiplied by the number of calendar days in
the Contract Quarter (the “Minimum Volume Commitment”). 
 6.5 Shortfall Payments. 

(a) If, during any Contract Quarter during the Term, Delek Refining makes less than the Minimum Volume Commitment available to Delek
Marketing, Delek Refining shall pay Delek Marketing an amount for such shortfall (a “Shortfall Payment”), if any, equal to the Services Base Fee multiplied by the difference between (i) the Minimum Volume Commitment and
(ii) the aggregate volume of Refinery Products sold by Delek Refining during the applicable Contract Quarter. The Parties acknowledge and agree that there shall be no carry-over of deficiency volumes with respect to the Minimum Volume
Commitment and the payment by Delek Refining of the Shortfall Payment shall relieve Delek Refining of any obligation to meet such Minimum Volume Commitment for the relevant Contract Quarter. The Parties further acknowledge and agree that there shall
not be any carry-over of volumes in excess of the Minimum Volume Commitment to any subsequent Contract Quarter. 
 (b) If
refining operations at the Refinery are suspended for any reason (including refinery turnaround operations and other scheduled maintenance), then Delek Refining shall remain liable for Shortfall Payments and the Services Profit Share under this
Agreement for the duration of the suspension, unless and until this Agreement is terminated as provided in Section 3.2. Delek Refining shall provide at least thirty (30) days’ prior written notice of any suspension of
operations at the Refinery due to a planned turnaround or scheduled maintenance, provided that Delek Refining shall not have any liability for any failure to notify, or delay in notifying, Delek Marketing of any such suspension except to the extent
Delek Marketing has been materially damaged by such failure or delay. 
 6.6 Invoicing and Payments. Delek Marketing
shall invoice Delek Refining monthly (or in the case of any Shortfall Payments, quarterly). The Services Base Fee, net of the Throughput Fee, and the Shortfall Payment, if any, for any one-month (or one Contract Quarter, as applicable) period shall
be due and payable by Delek Refining in arrears on or before the tenth (10th) Business Day following receipt by Delek Refining of such invoice. The Services Profit Share for any one-month period shall be due and payable by Delek Refining in
arrears on or before the tenth (10th) Business Day of the second month following such period. Any past due payments owed pursuant to this Article 6 shall accrue interest, payable on demand, at the Prime Rate from the due date of the payment
through the actual date of payment. Payment of any Services Base Fee (net of the Throughput Fee), Services Profit Share or Shortfall Payment pursuant to this Article 6 shall be made by wire transfer of immediately available funds to an account
designated in writing by Delek Marketing. If any such fee shall be due and payable on a day that is not a Business Day, such payment shall be due and payable on the next succeeding Business Day. 

  
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 6.7 Records. Delek Refining shall maintain the books, records and accounts reflecting
the transactions arising from this Agreement during the Term, including, without limitation, accounting and administrative reports relating to the (a) marketing and sale of the Refinery Products and (b) accrual and payment of the Services
Base Fee, Services Profit Share, Shortfall Payment and Throughput Fee attributable to the Term. Such books, records and accounts shall (i) reflect only those transactions effected in connection with the this Agreement, (ii) be kept
separate and apart from any other books and records maintained by Delek Refining, and (iii) upon request, be available to Delek Marketing for examination or copying during the normal business hours of Delek Refining. 

6.8 Business Interruption Insurance. Delek Refining shall maintain commercially reasonable business interruption insurance for the
benefit of the Refinery and Delek Marketing for so long as the Partnership is a consolidated subsidiary of Delek US. Allocation of benefits under the business interruption insurance policy shall be proportionate to the loss in operating margin
sustained by Delek Refining and Delek Marketing as a result of the interruption. 
 6.9 Deficiency Payments. 

(a) As soon as practicable following the end of each calendar month under this Agreement, Delek Marketing shall deliver to Delek Refining
a written notice (the “Deficiency Notice”) detailing any failure of Delek Refining to meet its obligations under Section 6.1, Section 6.4, Section 6.5 or Section 6.6 of this Agreement. The Deficiency
Notice shall (i) specify in reasonable detail the nature of any deficiency and (ii) specify the approximate dollar amount that Delek Marketing believes would have been paid by Delek Refining to Delek Marketing if Delek Refining had
complied with its obligations under Section 6.1, Section 6.4, Section 6.5 and Section 6.6 of this Agreement (the “Deficiency Payment”). Delek Refining shall pay the Deficiency Payment to Delek Marketing
upon the later of: (i) ten (10) days after its receipt of the Deficiency Notice and (ii) thirty (30) days following the end of the calendar month during which the Deficiency Notice was delivered. 

(b) If Delek Refining disagrees with the Deficiency Notice, then, following the payment of the undisputed portion of the Deficiency
Payment to Delek Marketing, a senior officer of Delek Refining and a senior officer of Delek Marketing shall meet or communicate by telephone at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary and
shall negotiate in good faith to attempt to resolve any differences that they may have with respect to matters specified in the Deficiency Notice. If such differences are not resolved within thirty (30) days following the payment of any
Deficiency Payment, Delek Refining and Delek Marketing shall, within forty-five (45) days following the payment of such Deficiency Payment, submit any and all matters which remain in dispute and which were properly included in the Deficiency
Notice to arbitration in accordance with Section 11.2. During the 60-day period following the receipt of the Deficiency Notice, Delek Refining shall have the right to inspect and audit the working papers of Delek Marketing relating to such
Deficiency Payment. 
 (c) If it is determined by arbitration in accordance with Section 11.2 that Delek Refining was
required to make any or all of the disputed portion of the Deficiency Payment, Delek Refining shall promptly pay to Delek Marketing such amount, together with interest thereon from the date provided in the last sentence of Section 6.9(a) at the
Prime Rate, in immediately available funds. 

  
 12 

 ARTICLE 7 
 CUSTOMERS 
 7.1 Customer Referrals. During the Term, Delek Refining
shall refer all potential buyers of any Refinery Products to Delek Marketing and, without the prior written consent of Delek Marketing, which shall not be unreasonably withheld, conditioned or delayed, shall not sell any Refinery Products without
utilizing the marketing and sales services of Delek Marketing pursuant to the terms of this Agreement; provided, however, that if, as a result of the failure of Delek Marketing to provide marketing or sales services as required by
Section 2.2, the operation of the Refinery would be adversely impacted (as determined in the reasonable discretion of Delek Refining), then Delek Refining may also sell Refinery Products to the extent necessary for Delek Refining to prevent
such harm to the operation of the Refinery. Notwithstanding the immediately preceding sentence, in the event that Delek Marketing (a) fails in any material respect to provide marketing or sales services as required under Section 2.2 to
potential buyers and (b) such failure is not cured within fifteen (15) calendar days following receipt by Delek Marketing of written notice of such noncompliance by Delek Refining, then (x) until such failure is cured, Delek Refining
may sell Refinery Products to such buyers, (y) Delek Refining will not be required to pay the Services Base Fee or the Services Profit Share in respect of such volumes and (z) the Minimum Volume Commitment for the period of such
noncompliance shall be reduced by any volumes sold by Delek Refining pursuant to clause (x). 
 7.2 Data for Customers.
During the Term, upon the request of Delek Marketing, Delek Refining shall deliver to potential buyers a letter confirming Delek Marketing’s role as the exclusive representative of Delek Refining for purposes set forth in this Agreement, as
well as any information about the Refinery Products as Delek Marketing may reasonably request. Delek Refining will cooperate to provide any assistance reasonably requested by Delek Marketing in responding to or resolving any disputes arising with
respect to a buyer of the Refinery Products. 
 ARTICLE 8 

FORCE MAJEURE 
 8.1 Force Majeure. In the event that either Party is rendered unable, wholly or in part, by a Force Majeure event to perform its obligations under this Agreement, then upon the delivery by such
Party (the “Force Majeure Party”) of written notice (a “Force Majeure Notice”) and full particulars of the Force Majeure event within a reasonable time after the occurrence of the Force Majeure event
relied on, the obligations of the Parties, to the extent they are affected by the Force Majeure event, shall be suspended for the duration of any inability so caused; provided, that (A) prior to the third anniversary of the Effective Date,
Delek Refining shall be required to make payments (i) for the Services Base Fee (net of the Throughput Fee) and Services Profit Share for volumes actually sold under this Agreement, provided that the aggregate minimum amount of such Services
Profit Share specified in Section 6.1(b) shall not apply for purposes of this clause (A)(i), and (ii) unless the Force Majeure event is an event that adversely affects Delek Marketing’s ability to perform the marketing services it is
required to perform under this Agreement, for any Shortfall Payments and for the aggregate minimum Services Profit Share 

  
 13 

 
specified in Section 6.1(b) to the extent such amount has not been paid pursuant to clause (A)(i) and (B) from and after the third anniversary of the Effective Date, Delek Refining
shall be required to continue to make payments for the Services Base Fee (net of the Throughput Fee) and Services Profit Share for volumes actually sold under this Agreement, provided that the aggregate minimum amount of such Services Profit Share
specified in Section 6.1(b) shall not apply for purposes of this clause (B). The Force Majeure Party shall identify in such Force Majeure Notice the approximate length of time that it believes in good faith such Force Majeure event shall
continue (the “Force Majeure Period”). The Parties shall be required to pay any amounts accrued and due under this Agreement at the time of the Force Majeure event. The cause of the Force Majeure event shall so far as
possible be remedied with all reasonable dispatch, except that neither Party shall be compelled to resolve any strikes, lockouts or other industrial disputes other than as it shall determine to be in its best interests. Prior to the third
anniversary of the Effective Date, any suspension of the obligations of the Parties under this Section 8.1 as a result of Force Majeure event that adversely affects Delek Marketing’s ability to perform the marketing services it is required
to perform under this Agreement shall extend the Term for the same period of time as such Force Majeure event continues (up to a maximum of one year) unless this Agreement is terminated under Section 8.2. 

8.2 Termination for Certain Force Majeure Events. If the Force Majeure Party advises in any Force Majeure Notice that it
reasonably believes in good faith that the Force Majeure Period shall continue for more than twelve (12) consecutive months beyond the third anniversary of the Effective Date, then at any time after the delivery of such Force Majeure Notice,
either Party may deliver to the other Party a notice of termination (a “Termination Notice”), which Termination Notice shall become effective not earlier than twelve (12) months after the later to occur of (i) the
delivery of the Termination Notice and (ii) the third anniversary of the Effective Date; provided, however, that such Termination Notice shall be deemed cancelled and of no effect if the Force Majeure Period ends before the Termination
Notice becomes effective; provided, further, that upon the cancellation of any Termination Notice, the Parties’ respective obligations hereunder shall resume as soon as reasonably practicable thereafter, and the Term shall be extended by
the same period of time as is required for the Parties to resume such obligations. Notwithstanding the foregoing, Delek Marketing shall have no right to terminate this Agreement for so long as Delek Refining continues to make Shortfall Payments.

 ARTICLE 9 
 INDEMNIFICATION 
 9.1 Indemnity by Delek Refining. Delek Refining
shall indemnify, defend and hold harmless Delek Marketing, its Affiliates and their respective directors, officers, employees, representatives, agents, contractors, successors and permitted assigns (collectively, the “Marketing
Indemnitees”) from and against any Liabilities directly or indirectly arising out of (i) any breach by Delek Refining of any covenant or agreement contained herein or made in connection herewith or any representation or warranty of
Delek Refining made herein or in connection herewith proving to be false or misleading, (ii) any failure by Delek Refining, its Affiliates or any of their respective employees, representatives, agents or contractors to comply with or observe
any Applicable Law, or (iii) injury, disease, or death of any person or damage to or loss of any property, fine or penalty, any of which is caused by Delek Refining, its Affiliates or any of their respective employees, representatives, agents
or contractors in the exercise of any 

  
 14 

 
of the rights granted hereunder or the handling, storage, transportation or disposal of Refined Products hereunder, except to the extent that such injury, disease, death, or damage to or loss of
property was caused by the gross negligence or willful misconduct on the part of the Marketing Indemnitees, their Affiliates or any of their respective employees, representatives, agents or contractors. Notwithstanding the foregoing, Delek
Refining’s liability to the Marketing Indemnitees pursuant to this Section 9.1 shall be net of any insurance proceeds actually received by the Marketing Indemnitees or any of their respective Affiliates from any third Person with
respect to or on account of the damage or injury which is the subject of the indemnification claim. Delek Marketing agrees that it shall, and shall cause the other Marketing Indemnitees to, (a) use all commercially reasonable efforts to pursue
the collection of all insurance proceeds to which any of the Marketing Indemnitees are entitled with respect to or on account of any such damage or injury, (b) notify Delek Refining of all potential claims against any third Person for any such
insurance proceeds, and (c) keep Delek Refining fully informed of the efforts of the Marketing Indemnitees in pursuing collection of such insurance proceeds. 
 9.2 Indemnity by Delek Marketing. Delek Marketing shall indemnify, defend and hold harmless Delek Refining, its Affiliates, and their respective directors, officers, employees, representatives,
agents, contractors, successors and permitted assigns (collectively, the “Refining Indemnitees”) from and against any Liabilities directly or indirectly arising out of (i) any breach by Delek Marketing of any covenant or
agreement contained herein or made in connection herewith or any representation or warranty of Delek Marketing made herein or in connection herewith proving to be false or misleading, (ii) any failure by Delek Marketing, its Affiliates or any
of their respective employees, representatives, agents or contractors to comply with or observe any Applicable Law, or (iii) injury, disease, or death of any person or damage to or loss of any property, fine or penalty, any of which is caused
by Delek Marketing, its Affiliates or any of their respective employees, representatives, agents or contractors in the exercise of any of the rights granted hereunder or the handling, storage, transportation or disposal of Refined Products
hereunder, except to the extent that such injury, disease, death, or damage to or loss of property was caused by the gross negligence or willful misconduct on the part of the Refining Indemnitees, their Affiliates or any of their respective
employees, representatives, agents or contractors. Notwithstanding the foregoing, Delek Marketing’s liability to the Refining Indemnitees pursuant to this Section 9.2 shall be net of any insurance proceeds actually received by the
Refining Indemnitees or any of their respective Affiliates from any third Person with respect to or on account of the damage or injury which is the subject of the indemnification claim. Delek Refining agrees that it shall, and shall cause the other
Refining Indemnitees to, (a) use all commercially reasonable efforts to pursue the collection of all insurance proceeds to which any of the Refining Indemnitees are entitled with respect to or on account of any such damage or injury,
(b) notify Delek Marketing of all potential claims against any third Person for any such insurance proceeds, and (c) keep Delek Marketing fully informed of the efforts of the Refining Indemnitees in pursuing collection of such insurance
proceeds. 
 9.3 Limitation of Indemnity. Notwithstanding anything to the contrary contained herein, neither Party shall
be liable or responsible to the other Party or such other Party’s affiliated Persons for any consequential, punitive, special, incidental or exemplary damages, or for loss of profits or revenues (collectively referred to as “Special
Damages”) incurred by such Party or its affiliated Persons that arise out of or relate to this Agreement, regardless of whether any such claim arises under or results from contract, tort, or strict liability; provided that the foregoing
limitation is not intended and shall not affect Special Damages imposed in favor of unaffiliated Persons that are not Parties to this Agreement. 

  
 15 

 9.4 Express Negligence. THE FOREGOING INDEMNITIES ARE INTENDED TO BE ENFORCEABLE
AGAINST THE PARTIES IN ACCORDANCE WITH THE EXPRESS TERMS AND SCOPE THEREOF NOTWITHSTANDING ANY EXPRESS NEGLIGENCE RULE OR ANY SIMILAR DIRECTIVE THAT WOULD PROHIBIT OR OTHERWISE LIMIT INDEMNITIES BECAUSE OF THE SOLE, CONCURRENT, ACTIVE OR PASSIVE
NEGLIGENCE, STRICT LIABILITY OR FAULT OF ANY OF THE INDEMNIFIED PARTIES (EXCLUDING, IN THE CASE OF SECTION 9.1(iii) AND SECTION 9.2(iii), GROSS NEGLIGENCE OR WILLFUL MISCONDUCT). 

ARTICLE 10 

CONFIDENTIAL INFORMATION 
 10.1 Confidentiality. 
 (a) Obligations. Each Party shall use
commercially reasonable efforts to retain the other Party’s Confidential Information in confidence and not disclose the same to any third party nor use the same, except as authorized by the disclosing Party in writing or as expressly permitted
in this Section 10.1. Each Party further agrees to take the same care with the other Party’s Confidential Information as it does with its own, but in no event less than a reasonable degree of care. 

(b) Required Disclosure. Notwithstanding Section 10.1(a) above, if the receiving Party becomes legally compelled to
disclose the Confidential Information by a court, Governmental Authority or Applicable Law, including the rules and regulations of the Securities and Exchange Commission, or is required to disclose pursuant to the rules and regulations of any
national securities exchange upon which the receiving Party or its parent entity is listed, any of the disclosing Party’s Confidential Information, the receiving Party shall promptly advise the disclosing Party of such requirement to disclose
Confidential Information as soon as the receiving Party becomes aware that such a requirement to disclose might become effective, in order that, where possible, the disclosing Party may seek a protective order or such other remedy as the disclosing
Party may consider appropriate in the circumstances. The receiving Party shall disclose only that portion of the disclosing Party’s Confidential Information that it is required to disclose and shall cooperate with the disclosing Party in
allowing the disclosing Party to obtain such protective order or other relief. 
 (c) Return of Information. Upon written
request by the disclosing Party, all of the disclosing Party’s Confidential Information in whatever form shall be returned to the disclosing Party upon termination of this Agreement or destroyed with destruction certified by the receiving
Party, without the receiving Party retaining copies thereof except that one copy of all such Confidential Information may be retained by a Party’s legal department solely to the extent that such Party is required to keep a copy of such
Confidential Information pursuant to Applicable Law, and the receiving Party shall be entitled to retain any Confidential Information in the electronic form or stored on automatic computer back-up archiving systems during the period such backup or
archived materials are retained under such Party’s customary procedures 

  
 16 

 
and policies; provided, however, that any Confidential Information retained by the receiving Party shall be maintained subject to confidentiality pursuant to the terms of this
Section 10.1, and such archived or back-up Confidential Information shall not be accessed except as required by Applicable Law. 
 (d) Receiving Party Personnel. The receiving Party will limit access to the Confidential Information of the disclosing Party to those of its employees, attorneys and contractors that have a need to
know such information in order for the receiving Party to exercise or perform its rights and obligations under this Agreement (the “Receiving Party Personnel”). The Receiving Party Personnel who have access to any
Confidential Information of the disclosing Party will be made aware of the confidentiality provision of this Agreement, and will be required to abide by the terms thereof. Any third party contractors that are given access to Confidential Information
of a disclosing Party pursuant to the terms hereof shall be required to sign a written agreement pursuant to which such Receiving Party Personnel agree to be bound by the provisions of this Agreement, which written agreement will expressly state
that it is enforceable against such Receiving Party Personnel by the disclosing Party. 
 (e) Survival. The obligation of
confidentiality under this Section 10.1 shall survive the termination of this Agreement for a period of two (2) years. 
 ARTICLE 11 
 MISCELLANEOUS 

11.1 Entire Agreement. This Agreement constitutes the entire agreement among the Parties pertaining to the subject matter hereof
and supersedes all prior agreements and understandings of the Parties in connection therewith. 
 11.2 Modification;
Waiver. This Agreement may be terminated, amended or modified only by a written instrument executed by the Parties. Any of the terms and conditions of this Agreement may be waived in writing at any time by the Party entitled to the benefits
thereof. No waiver of any of the terms and conditions of this Agreement, or any breach thereof, will be effective unless in writing signed by a duly authorized individual on behalf of the Party against which the waiver is sought to be enforced. No
waiver of any term or condition or of any breach of this Agreement will be deemed or will constitute a waiver of any other term or condition or of any later breach (whether or not similar), nor will such waiver constitute a continuing waiver unless
otherwise expressly provided. 
 11.3 Assignment. 

(a) Delek Refining shall not assign its rights or obligations hereunder without Delek Marketing’s prior written consent, which
consent shall not be unreasonably withheld, conditioned or delayed; provided, however, that (A) Delek Refining may assign this Agreement without Delek Marketing’s consent in connection with a sale by Delek Refining of all or
substantially all of the Refinery, including by merger, equity sale, asset sale or otherwise, so long as the transferee: (1) agrees to assume all of Delek Refining’s obligations under this Agreement and (2) is financially and
operationally capable of fulfilling the terms of this Agreement, which determination shall be made by Delek Refining in its reasonable judgment; and (B) Delek Refining shall be permitted to make a collateral assignment of this Agreement solely
to secure financing for Delek US and its Affiliates. 

  
 17 

 (b) Delek Marketing shall not assign its rights or obligations under this Agreement without
the prior written consent of Delek Refining, which consent shall not be unreasonably withheld, conditioned or delayed; provided, however, that Delek Marketing may assign this Agreement without Delek Refining’s consent in connection with
a sale by Delek Marketing of all or substantially all of its assets, including by merger, equity sale, asset sale or otherwise, so long as the transferee: (1) agrees to assume all of Delek Marketing’s obligations under this Agreement;
(2) is financially and operationally capable of fulfilling the terms of this Agreement, which determination shall be made by Delek Marketing in its reasonable judgment; and (3) is not a competitor of Delek Refining, as determined by Delek
Refining in good faith; and (B) Delek Marketing shall be permitted to make a collateral assignment of this Agreement solely to secure financing for the Partnership and its Affiliates. 

(c) Any assignment that is not undertaken in accordance with the provisions set forth above shall be null and void ab initio. A
Party making any assignment shall promptly notify the other Party of such assignment, regardless of whether consent is required. 

(d) This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted
assigns. 
 11.4 Relationship of the Parties. Except as expressly provided herein, nothing contained in this Agreement
shall be deemed to create a joint venture, partnership (tax or otherwise) or agency relationship among the Parties. 
 11.5
Notices. All notices, requests, demands, and other communications hereunder will be in writing and will be deemed to have been duly given: (a) if by transmission by facsimile or hand delivery, when delivered; (b) if mailed via the
official governmental mail system, five (5) Business Days after mailing, provided said notice is sent first class, postage pre-paid, via certified or registered mail, with a return receipt requested; (c) if mailed by an
internationally-recognized overnight express mail service such as Federal Express, UPS, or DHL Worldwide, one (1) Business Day after deposit therewith prepaid; or (d) if by e-mail, one (1) Business Day after delivery with receipt
confirmed. All notices will be addressed to the Parties at the respective addresses as follows: 
 If to Delek
Refining, to: 
 Delek Refining, Ltd. 

7102 Commerce Way 
 Brentwood, Tennessee 37027 
 Attn: General Counsel 

Fax: (615) 435-1271 
 Email: 

  
 18 

 With a copy to (which copy shall not constitute notice): 

Delek Refining, Ltd. 
 7102 Commerce Way 
 Brentwood, Tennessee 37027 

Attn: President 
 Fax: (615) 435-1271 
 Email: 

If to Delek Marketing, to: 
 Delek Marketing & Supply, LP 
 7102 Commerce Way

 Brentwood, Tennessee 37027 

Attn: General Counsel 
 Fax: (615) 435-1271 
 Email: 

With a copy to (which copy shall not constitute notice): 

Delek Marketing & Supply, LP 

7102 Commerce Way 
 Brentwood, Tennessee 37027 
 Attn: President 

Fax: (615) 435-1271 
 Email: 
 or to such other address or to such other person as either Party will have last
designated by notice to the other Party. 
 11.6 Governing Law. This Agreement shall be subject to and governed by the
laws of the State of Texas, excluding any conflicts-of-law rule or principle that might refer the construction or interpretation of this Agreement to the laws of another state. 

11.7 Time of Performance. Time is of the essence in the performance of all services and other obligations under this Agreement.

 11.8 Uniform Commercial Code. Except as otherwise provided herein, the provisions of the Uniform Commercial Code for
the State of Texas shall be deemed to apply to all transactions for the purchase, sale or delivery of any Refinery Product pursuant to this Agreement, and such Refinery Product shall be deemed to be a “good” for purposes thereof.

 11.9 Counterparts. This Agreement may be executed in one or more counterparts (including by facsimile or portable
document format (pdf)) for the convenience of the Parties hereto, each of which counterparts will be deemed an original, but all of which counterparts together will constitute one and the same agreement. 

11.10 Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be valid and
effective under Applicable Law, but if any provision of this Agreement or the application of any such provision to any person or circumstance will be held invalid, illegal or unenforceable in any respect by a court of competent jurisdiction, such
invalidity, illegality or unenforceability will not affect any other provision hereof, and the Parties will negotiate in good faith with a view to substitute for such provision a suitable and equitable solution in order to carry out, so far as may
be valid and enforceable, the intent and purpose of such invalid, illegal or unenforceable provision. 

  
 19 

 11.11 No Third Party Beneficiaries. It is expressly understood that the provisions of
this Agreement do not impart enforceable rights in anyone who is not a Party or successor or permitted assignee of a Party. 

11.12 Arbitration Provision. Any and all Arbitrable Disputes shall be resolved through the use of binding arbitration using three
arbitrators, in accordance with the Commercial Arbitration Rules of the American Arbitration Association, as supplemented to the extent necessary to determine any procedural appeal questions by the Federal Arbitration Act (Title 9 of the United
States Code). If there is any inconsistency between this Section 11.12 and the Commercial Arbitration Rules or the Federal Arbitration Act, the terms of this Section 11.12 will control the rights and obligations of the
Parties. Arbitration must be initiated within the time limits set forth in this Agreement, or if no such limits apply, then within a reasonable time or the time period allowed by the applicable statute of limitations. Arbitration may be initiated by
a Party (“Claimant”) serving written notice on the other Party (“Respondent”) that the Claimant elects to refer the Arbitrable Dispute to binding arbitration. Claimant’s notice initiating binding
arbitration must identify the arbitrator Claimant has appointed. The Respondent shall respond to Claimant within thirty (30) days after receipt of Claimant’s notice, identifying the arbitrator Respondent has appointed. If the Respondent
fails for any reason to name an arbitrator within the 30-day period, Claimant shall petition the American Arbitration Association for appointment of an arbitrator for Respondent’s account. The two arbitrators so chosen shall select a third
arbitrator within thirty (30) days after the second arbitrator has been appointed. The Claimant will pay the compensation and expenses of the arbitrator named by or for it, and the Respondent will pay the compensation and expenses of the
arbitrator named by or for it. The costs of petitioning for the appointment of an arbitrator, if any, shall be paid by Respondent. The Claimant and Respondent will each pay one-half of the compensation and expenses of the third arbitrator. All
arbitrators must (i) be neutral parties who have never been officers, directors or employees of Delek Refining, Delek Marketing or any of their Affiliates and (ii) have not less than seven (7) years experience in the energy industry.
The hearing will be conducted in Tyler, Texas and commence within thirty (30) days after the selection of the third arbitrator. Delek Refining, Delek Marketing and the arbitrators shall proceed diligently and in good faith in order that the
award may be made as promptly as possible. Except as provided in the Federal Arbitration Act, the decision of the arbitrators will be binding on and non-appealable by the Parties hereto. The arbitrators shall have no right to grant or award Special
Damages. 
 [Remainder of this page intentionally left blank.] 

  
 20 

 IN WITNESS HEREOF, the undersigned have executed this Agreement as of the date first
written above. 
  

					
	DELEK REFINING, LTD.
		
	By:	 	Delek U.S. Refining GP, LLC, its general partner
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:
	
	DELEK MARKETING & SUPPLY, LP
		
	By:	 	Delek Marketing GP, LLC, its general partner
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:

  
 21 

 SCHEDULE A 
 REFINERY PRODUCTS 
  

			
	 Classification
	  	 Material

	Finished Product	  	87 Octane (E10)
	Finished Product	  	91 Octane (E10)
	Finished Product	  	93 Octane (E10)
	Finished Product	  	100 Low Lead Aviation Gasoline
	Finished Product	  	Carbon Black Oil
	Finished Product	  	Commercial Butane
	Finished Product	  	Propane
	Finished Product	  	Propylene Mix
	Finished Product	  	Sulfur (Tons)
	Finished Product	  	ULSD (on road, off road, and/or containing biodiesel)
	Finished Product	  	Kerosene
	Intermediate Product	  	Topped Crude
	Intermediate Product	  	Cat/T.Alky Mix
	Intermediate Product	  	Coker Naphtha
	Intermediate Product	  	FBR Naphtha
	Intermediate Product	  	Vacuum Gas Oil
	Intermediate Product	  	HT HSR Naphtha
	Intermediate Product	  	L. Alkylate
	Intermediate Product	  	LSR Naphtha
	Intermediate Product	  	Lt. Cycle Oil
	Intermediate Product	  	Olefins/Butylenes/Alky Feed
	Intermediate Product	  	Platformate (93)
	Intermediate Product	  	Platformate (99)
	Intermediate Product	  	Slop Oil

 SCHEDULE B 
 FINISHED PRODUCT, COST BASIS AND PROFIT SHARE 

	***	indicates material has been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission. A complete copy of this agreement
has been filed separately with the Securities and Exchange Commission. 

 Profit Share Products 

 

																															
	 Acct Code
	  	 Description
	  	Market
Index
Price 1	 	 	Market
Index
Price 2	 	 	Platts
Code (if
applicable)	 	 	Cost
Basis
Formula	 	 	Location
Differential	 	 	Loading
Fee	 	 	Additive	 
	 CG87E10
	  	87 Octane Conventional Gasoline with 10% Ethanol	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 CG87E10P
	  	87 Octane Conventional Gasoline with 10% Ethanol, proprietary additive	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 CG93E10
	  	93 Octane Conventional Gasoline with 10% Ethanol	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 CG93E10P
	  	93 Octane Conventional Gasoline with 10% Ethanol, proprietary additive	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 CH84NOADD
	  	84 Octane Conventional Blendstock for Oxygenated Blends, with no additives	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 CH87
	  	87 Octane Conventional Gasoline	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 CH91NOADD
	  	91 Octane Conventional Blendstock for Oxygenated Blends, with no additives	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 ***87E10
	  	CG87E10 with *** proprietary additive	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 ***93E10
	  	CG93E10 with *** proprietary additive	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 AVGASO
	  	100LL Aviation Gasoline	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 DU74B05CTX
	  	ULSD, undyed, TXLED containing 5% Biodiesel	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 DU74B05RTX
	  	ULSD, dyed, TXLED containing 5% Biodiesel	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 DU74B10CTX
	  	ULSD, undyed, TXLED containing 10% Biodiesel	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 DU74B10RTX
	  	ULSD, dyed, TXLED containing 10% Biodiesel	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 DU74CL
	  	ULSD, undyed, with lubricity additive	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 DU74CLTX
	  	ULSD, undyed, TXLED, with lubricity additive	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 DU74RL
	  	ULSD, dyed, with lubricity additive	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 DU74RLTX
	  	ULSD, dyed, TXLED, with lubricity additive	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 ***74B10CTX
	  	ULSD, undyed, TXLED containing 10% Biodiesel for ***	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 ***74B05CTX
	  	ULSD, undyed, TXLED containing 5% Biodiesel for ***	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 
	 ***74UTX
	  	ULSD, undyed, TXLED, for ***	  	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 	 	 	*	** 

 Profit Sharing Calculations 
  

			
	Sales Basis	  	Defined as Total Sales Revenue, by product type, including additive and loading charges, less rebates to Customers, divided by Total Sales Volume, in gallons, for that product
type
		
	Cost Basis	  	Defined as cost of sales, by product type, utilizing appropriate formulae, market price indices, and agreed rates for location differential, loading fees, and additives, calculated
on a per gallon basis
		
	Profit Share	  	Total Sales Volume, in gallons, by product * (Sales Basis - Cost Basis) * 50%

 Formulae for Cost Basis 
  

					
		 	A            	  	***
		 	B	  	***
		 	C	  	***Term Loan and Credit Agreement

 Exhibit 10.1 
 CUSIP Numbers: 11039PAD8 
 11039PAE6 

 
  

 
 364-DAY TERM LOAN

 CREDIT AGREEMENT 
 dated as of October 1, 2012 
 among 

BRISTOW GROUP INC., 
 as Borrower, 
 THE LENDERS FROM TIME TO TIME PARTY HERETO, 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH 
 and 
 JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, 

as Co-Syndication Agents, 
 REGIONS BANK 
 and 

BBVA COMPASS, 
 as Co-Documentation Agents, 
 and 

SUNTRUST BANK 
 as Administrative Agent 
  

 
  

SUNTRUST ROBINSON HUMPHREY, INC., 
 as Sole Lead Arranger and Sole Bookrunner 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I DEFINITIONS; CONSTRUCTION
	  	 	1	  
	 Section 1.1. Definitions
	  	 	1	  
	 Section 1.2. Classifications of Term Loans and Borrowings
	  	 	22	  
	 Section 1.3. Accounting Terms and Determination
	  	 	22	  
	 Section 1.4. Terms Generally
	  	 	23	  
		
	 ARTICLE II AMOUNT AND TERMS OF THE TERM LOAN COMMITMENTS
	  	 	23	  
	 Section 2.1. Term Loan Commitments
	  	 	23	  
	 Section 2.2. Requests for Term Loans
	  	 	23	  
	 Section 2.3. Funding of Borrowings
	  	 	24	  
	 Section 2.4. Interest Elections
	  	 	24	  
	 Section 2.5. Optional Reduction and Termination of Term Loan Commitments
	  	 	25	  
	 Section 2.6. Repayment of Term Loans
	  	 	26	  
	 Section 2.7. Evidence of Indebtedness
	  	 	26	  
	 Section 2.8. Optional Prepayments
	  	 	26	  
	 Section 2.9. Mandatory Prepayments
	  	 	27	  
	 Section 2.10. Interest on Term Loans
	  	 	28	  
	 Section 2.11. Fees
	  	 	29	  
	 Section 2.12. Computation of Interest and Fees
	  	 	29	  
	 Section 2.13. Illegality
	  	 	29	  
	 Section 2.14. Increased Costs
	  	 	30	  
	 Section 2.15. Funding Indemnity
	  	 	30	  
	 Section 2.16. Taxes
	  	 	31	  
	 Section 2.17. Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	  	 	33	  
	 Section 2.18. Mitigation of Obligations
	  	 	34	  
	 Section 2.19. Replacement of Lenders
	  	 	34	  
	 Section 2.20. Defaulting Lenders
	  	 	35	  
	 Section 2.21. Release of Collateral
	  	 	35	  
		
	 ARTICLE III CONDITIONS PRECEDENT TO EFFECTIVENESS AND FUNDING OF TERM LOANS
	  	 	36	  
	 Section 3.1. Conditions To Effectiveness
	  	 	36	  
	 Section 3.2. Conditions To the Making of Term Loans on the Initial Funding Date
	  	 	38	  
	 Section 3.3. Conditions To the Making of Term Loans After the Initial Funding Date
	  	 	39	  
	 Section 3.4. Delivery of Documents
	  	 	39	  
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	 	39	  
	 Section 4.1. Existence; Power
	  	 	39	  
	 Section 4.2. Organizational Power; Authorization
	  	 	40	  
	 Section 4.3. Governmental Approvals; No Conflicts
	  	 	40	  
	 Section 4.4. Financial Statements
	  	 	40	  
	 Section 4.5. Litigation and Environmental Matters
	  	 	40	  
	 Section 4.6. Compliance with Laws and Agreements
	  	 	40	  
	 Section 4.7. Investment Company Act, Etc.
	  	 	41	  

  
 ii 

					
	 Section 4.8. Taxes; Fees
	  	 	41	  
	 Section 4.9. Margin Regulations
	  	 	41	  
	 Section 4.10. ERISA
	  	 	41	  
	 Section 4.11. Ownership of Property
	  	 	41	  
	 Section 4.12. Disclosure
	  	 	42	  
	 Section 4.13. Labor Relations
	  	 	42	  
	 Section 4.14. Subsidiaries
	  	 	42	  
	 Section 4.15. Insolvency
	  	 	42	  
	 Section 4.16. OFAC
	  	 	42	  
	 Section 4.17. Compliance with Patriot Act and Other Laws
	  	 	42	  
	 Section 4.18. Security Documents
	  	 	43	  
	 Section 4.19. Existing Indebtedness
	  	 	43	  
		
	 ARTICLE V AFFIRMATIVE COVENANTS
	  	 	43	  
	 Section 5.1. Financial Statements and Other Information
	  	 	44	  
	 Section 5.2. Notices of Material Events
	  	 	44	  
	 Section 5.3. Existence; Conduct of Business
	  	 	45	  
	 Section 5.4. Compliance with Laws, Etc.
	  	 	45	  
	 Section 5.5. Payment of Obligations
	  	 	45	  
	 Section 5.6. Books and Records
	  	 	45	  
	 Section 5.7. Visitation, Inspection, Etc.
	  	 	45	  
	 Section 5.8. Maintenance of Properties; Insurance
	  	 	46	  
	 Section 5.9. Use of Proceeds
	  	 	46	  
	 Section 5.10. Additional Subsidiaries
	  	 	46	  
	 Section 5.11. Further Assurances
	  	 	48	  
	 Section 5.12. Post-Closing
	  	 	48	  
		
	 ARTICLE VI FINANCIAL COVENANTS
	  	 	48	  
	 Section 6.1. Leverage Ratio
	  	 	48	  
	 Section 6.2. Interest Coverage Ratio
	  	 	48	  
		
	 ARTICLE VII NEGATIVE COVENANTS
	  	 	48	  
	 Section 7.1. Indebtedness.
	  	 	49	  
	 Section 7.2. Negative Pledge
	  	 	49	  
	 Section 7.3. Fundamental Changes
	  	 	49	  
	 Section 7.4. Loans and Other Investments, Etc.
	  	 	50	  
	 Section 7.5. Restricted Payments
	  	 	51	  
	 Section 7.6. Sale of Assets
	  	 	51	  
	 Section 7.7. Transactions with Affiliates
	  	 	52	  
	 Section 7.8. Restrictive Agreements
	  	 	52	  
	 Section 7.9. Hedging Transactions
	  	 	53	  
	 Section 7.10. Amendment to Material Documents
	  	 	53	  
	 Section 7.11. Accounting Changes
	  	 	53	  
		
	 ARTICLE VIII EVENTS OF DEFAULT
	  	 	53	  
	 Section 8.1. Events of Default
	  	 	53	  
	 Section 8.2. Application of Proceeds
	  	 	55	  
		
	 ARTICLE IX THE ADMINISTRATIVE AGENT
	  	 	55	  
	 Section 9.1. Appointment of Administrative Agent
	  	 	55	  
	 Section 9.2. Nature of Duties of Administrative Agent
	  	 	56	  

  
 iii

					
	 Section 9.3. Lack of Reliance on the Administrative Agent
	  	 	56	  
	 Section 9.4. Certain Rights of the Administrative Agent
	  	 	56	  
	 Section 9.5. Reliance by Administrative Agent
	  	 	57	  
	 Section 9.6. The Administrative Agent in its Individual Capacity
	  	 	57	  
	 Section 9.7. Successor Administrative Agent
	  	 	57	  
	 Section 9.8. Authorization to Execute other Loan Documents
	  	 	57	  
	 Section 9.9. Documentation Agent; Syndication Agent
	  	 	58	  
		
	 ARTICLE X MISCELLANEOUS
	  	 	58	  
	 Section 10.1. Notices
	  	 	58	  
	 Section 10.2. Waiver; Amendments
	  	 	60	  
	 Section 10.3. Expenses; Indemnification
	  	 	61	  
	 Section 10.4. Successors and Assigns
	  	 	62	  
	 Section 10.5. GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS
	  	 	65	  
	 Section 10.6. WAIVER OF JURY TRIAL
	  	 	66	  
	 Section 10.7. Right of Setoff
	  	 	66	  
	 Section 10.8. Counterparts; Integration
	  	 	66	  
	 Section 10.9. Survival
	  	 	66	  
	 Section 10.10. Severability
	  	 	67	  
	 Section 10.11. Confidentiality
	  	 	67	  
	 Section 10.12. Interest Rate Limitation
	  	 	67	  
	 Section 10.13. Waiver of Effect of Corporate Seal
	  	 	67	  
	 Section 10.14. Patriot Act
	  	 	68	  
	 Section 10.15. Officer’s Certificates
	  	 	68	  
	 Section 10.16. Effect of Inclusion of Exceptions
	  	 	68	  
	 Section 10.17. Intercreditor Agreement
	  	 	68	  

  
 iv 

 Schedules 
  

							
		 	Schedule I	 	—  	  	Applicable Margin and Applicable Percentage
		 	Schedule II	 	—  	  	Term Loan Commitment Amounts
		 	Schedule 4.14	 	—  	  	Subsidiaries
		 	Schedule 7.1	 	—  	  	Existing Indebtedness
		 	Schedule 7.2	 	—  	  	Existing Liens
		 	Schedule 7.4	 	—  	  	Existing Investments

 Exhibits 
  

							
		 	Exhibit A	 	—  	  	Form of Term Note
		 	Exhibit B	 	—  	  	Form of Assignment and Acceptance
		 	Exhibit C	 	—  	  	Form of Subsidiary Guaranty Agreement
				
		 	Exhibit 2.2	 	—  	  	Form of Notice of Borrowing
		 	Exhibit 2.4	 	—  	  	Form of Notice of Continuation/Conversion
		 	Exhibit 5.1(c)	 	—  	  	Form of Compliance Certificate

  
 v 

 364-DAY TERM LOAN 

CREDIT AGREEMENT 
 THIS 364-DAY TERM LOAN CREDIT AGREEMENT (this “Agreement”) is made and entered into as of October 1, 2012, by and among BRISTOW GROUP INC., a Delaware corporation (the
“Borrower”), the several banks and other financial institutions and lenders from time to time party hereto (the “Lenders”), SUNTRUST BANK, in its capacity as administrative agent for the Lenders (the
“Administrative Agent”), Credit Suisse AG, Cayman Islands Branch, and JPMorgan Chase Bank, National Association, as Co-Syndication Agents (collectively, the “Syndication Agent”) and Regions Bank and Compass Bank
(d/b/a BBVA Compass) as Co-Documentation Agents (collectively, the “Documentation Agent”). 
 W I T N E S
S E T H: 
 WHEREAS, the Borrower has requested that the Lenders provide a term loan facility, the proceeds of
which will be used to finance the CHI Investment (as defined herein), including any deferred payments associated therewith, and to pay costs and expenses incurred in connection with the CHI Investment, as well as for working capital needs, capital
expenditures and other general corporate purposes; 
 WHEREAS, subject to the terms and conditions hereto, the Lenders
are willing to provide such term loans; 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants
herein contained, the Borrower, the Lenders and the Administrative Agent agree as follows: 
 ARTICLE I 

DEFINITIONS; CONSTRUCTION 

Section 1.1. Definitions. In addition to the other terms defined herein, the following terms used herein shall have
the meanings herein specified (to be equally applicable to both the singular and plural forms of the terms defined): 

“Additional Permitted Investments” shall have the meaning given to such term in Section 7.4(g). 

“Administrative Agent” shall have the meaning assigned to such term in the opening paragraph hereof. 

“Administrative Questionnaire” shall mean, with respect to each Lender, an administrative questionnaire in the form
prepared by the Administrative Agent and submitted to the Administrative Agent duly completed by such Lender. 

“Affiliate” shall mean, as to any Person, any other Person that directly, or indirectly through one or more
intermediaries, Controls, is Controlled by, or is under common Control with, such Person. For the purposes of this definition, “Control” shall mean the power, directly or indirectly, either to (i) vote 10% or more of the securities
having ordinary voting power for the election of directors (or persons performing similar functions) of a Person or (ii) direct or cause the direction of the management and policies of a Person, whether through the ability to exercise voting
power, by control or otherwise. The terms “Controlling”, “Controlled by”, and “under common Control with” have the meanings correlative thereto. 

 “Agreement” shall have the meaning assigned to such term in the opening
paragraph hereof. 
 “Aircraft Security Agreement” shall mean any aircraft security agreement substantially in
the form of Exhibit B to the Security Agreement. 
 “Applicable Lending Office” means, with respect to each
Lender, such Lender’s Domestic Lending Office in the case of a Base Rate Borrowing and such Lender’s Eurodollar Lending Office in the case of a Eurodollar Rate Borrowing. 

“Applicable Margin” shall mean, as of any date, (a) with respect to all Term Loans outstanding on any date, a
percentage per annum determined by reference to the applicable Leverage Ratio in effect on such date as set forth on Schedule I; provided, that a change in the Applicable Margin resulting from a change in the Leverage Ratio shall be
effective on the second Business Day after which the Borrower delivers or is deemed to deliver pursuant to Section 10.1(b)(ii) each of the financial statements required by Section 5.1(a) and (b) and the Compliance
Certificate required by Section 5.1(c); provided further, that if at any time the Borrower shall have failed to deliver such financial statements and such Compliance Certificate within ten (10) days of the delivery
date set forth in Section 5.1, the Applicable Margin shall be at Level VI as set forth on Schedule I and interest shall be calculated and payable at Level VI for the period from the second Business Day after the delivery date for
the financial statements and Compliance Certificate set forth in Section 5.1 until such time as such financial statements and Compliance Certificate are delivered, at which time the Applicable Margin shall be determined as provided
above. Notwithstanding the foregoing, the Applicable Margin from the Closing Date until the date by which the financial statements and Compliance Certificate for the Fiscal Quarter ending September 30, 2012 are required to be delivered shall be
at Level V. In the event that any Compliance Certificate delivered hereunder is shown to be inaccurate with regard to the Leverage Ratio, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Margin based upon
the pricing grid set forth on Schedule I (the “Accurate Applicable Margin”) for any period that such Compliance Certificate covered, then (i) the Borrower shall immediately deliver to the Administrative Agent a corrected
Compliance Certificate for such period, (ii) the Applicable Margin shall be adjusted such that after giving effect to the corrected Compliance Certificate, the Applicable Margin shall be reset to the Accurate Applicable Margin based upon the
pricing grid set forth on Schedule I for such period and (iii) the Borrower shall immediately pay to the Administrative Agent, for the account of the Lenders, the accrued additional interest owing as a result of such Accurate Applicable
Margin for such period. The provisions of this definition shall not limit the rights of the Administrative Agent and the Lenders with respect to Section 2.10(b) or Article VIII. 

“Applicable Percentage” shall mean, as of any date, with respect to the commitment fee with respect to the Term Loan
Commitments, as of any date, the percentage per annum determined by reference to the Leverage Ratio in effect on such date as set forth on Schedule I; provided, that a change in the Applicable Percentage resulting from a change in the
Leverage Ratio shall be effective on the second Business Day after which the Borrower delivers or is deemed to deliver pursuant to Section 10.1(b)(ii) each of the financial statements required by Section 5.1(a) and
(b) and the Compliance Certificate required by Section 5.1(c); provided further, that if at any time the Borrower shall have failed to deliver such financial statements and such Compliance Certificate within ten
(10) days of the delivery date set forth in Section 5.1, the Applicable Percentage shall be at Level VI as set forth on Schedule I and the commitment fee shall be calculated and payable at Level VI for the period from the
second Business Day after the delivery date for the financial statements and Compliance Certificate set forth in Section 5.1  

  
 2 

 
until such time as such financial statements and Compliance Certificate are delivered, at which time the Applicable Percentage shall be determined as provided above. Notwithstanding the
foregoing, the Applicable Percentage for the commitment fee from the Closing Date until the date by which the financial statements and Compliance Certificate for the Fiscal Quarter ending September 30, 2012 are required to be delivered shall be
at Level V. In the event that any Compliance Certificate delivered hereunder is shown to be inaccurate with regard to the Leverage Ratio, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Percentage based
upon the pricing grid set forth on Schedule I (the “Accurate Applicable Percentage”) for any period that such Compliance Certificate covered, then (i) the Borrower shall immediately deliver to the Administrative Agent a
corrected Compliance Certificate for such period, (ii) the Applicable Percentage shall be adjusted such that after giving effect to the corrected Compliance Certificate, the Applicable Percentage shall be reset to the Accurate Applicable
Percentage based upon the pricing grid set forth on Schedule I for such period and (iii) the Borrower shall immediately pay to the Administrative Agent, for the account of the Lenders, the accrued additional commitment fee owing as a
result of such Accurate Applicable Percentage for such period. The provisions of this definition shall not limit the rights of the Administrative Agent and the Lenders with respect to Section 2.10(b) or Article VIII. 

“Approved Fund” shall mean 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 and that is administered or managed by (i) a Lender, (ii) an Affiliate of a Lender or (iii) an entity or an
Affiliate of an entity that administers or manages a Lender. 
 “Assignment and Acceptance” shall mean an
assignment and acceptance entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 10.4(b)) and accepted by the Administrative Agent, in the form of Exhibit B attached hereto or
any other form approved by the Administrative Agent. 
 “Average Debt” of the Borrower, as of any date, shall
mean (i) the sum of consolidated debt on the balance sheet of the Borrower for the Borrower’s two most recently completed Fiscal Years, as set forth in the consolidated balance sheet contained in the annual audit report of the Borrower for
such Fiscal Years, divided by (ii) 2. 
 “Bankruptcy Code” shall mean Title 11 of the United States Code
entitled “Bankruptcy”. 
 “Base Rate” shall mean the higher of (i) the per annum rate which the
Administrative Agent publicly announces from time to time to be its prime lending rate, as in effect from time to time, and (ii) the Federal Funds Rate, as in effect from time to time, plus one-half of one percent (0.50%) per annum. The
Administrative Agent’s prime lending rate is a reference rate and does not necessarily represent the lowest or best rate charged to customers. The Administrative Agent may make commercial loans or other loans at rates of interest at, above or
below the Administrative Agent’s prime lending rate. Each change in the Administrative Agent’s prime lending rate shall be effective from and including the date such change is publicly announced as being effective. 

“Borrower” shall have the meaning in the introductory paragraph hereof. 

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

  
 3 

 “Business Day” means any day other than a Saturday or Sunday or other day
on which banks are not authorized or required to close in Atlanta, Georgia or New York, New York. 
 “Capital Lease
Obligations” of any Person shall mean all obligations of such Person to pay rent or other amounts under any lease (or other arrangement conveying the right to use) of real or personal property, or a combination thereof, which obligations
are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 

“Capital Stock” shall mean any capital stock (or in the case of a partnership or limited liability company, the
partners’ or members’ equivalent equity interest) of the Borrower or any of its Subsidiaries, whether common or preferred. 
 “Change in Control” shall mean the occurrence of one or more of the following events: (i) any sale, lease, exchange or other transfer (in a single transaction or a series of related
transactions) of all or substantially all of the assets of the Borrower and its Subsidiaries, taken as a whole, to any Person or “group” (within the meaning of the Securities Exchange Act of 1934 and the rules of the Securities and
Exchange Commission thereunder in effect on the date hereof), (ii) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or “group” (within the meaning of the Securities Exchange Act of 1934
and the rules of the Securities and Exchange Commission thereunder as in effect on the date hereof) of 50% or more of the outstanding shares of the voting stock of the Borrower, or (iii) occupation of a majority of the seats (other than vacant
seats) on the board of directors of the Borrower by Persons who were neither (a) members of the board of directors on the Closing Date, (b) nominated by the board of directors nor (c) appointed by directors so nominated; provided,
however, that, with respect to clause (ii) above a transaction in which the Borrower becomes a Subsidiary of another Person (other than a Person that is an individual) shall not constitute a Change in Control if 

(a) the stockholders of the Borrower immediately prior to such transaction “beneficially own” (as such term is defined in Rule
13d-3 and Rule 13d-5 under the Exchange Act), directly or indirectly through one or more intermediaries, at least a majority of the voting power of the outstanding voting stock of the Borrower immediately following the consummation of such
transaction; and 
 (b) immediately following the consummation of such transaction, no “person” (as such term is
defined above), other than such other Person (but including the holders of the equity interests of such other Person), “beneficially owns” (as such term is defined above), directly or indirectly through one or more intermediaries, more
than 50% of the voting power of the outstanding voting stock of the Borrower. 
 “Change in Law” shall mean
(a) the adoption of any applicable law, rule or regulation after the date of this Agreement, (b) any change in any applicable law, rule or regulation, or any change in the interpretation or application thereof, by any Governmental
Authority after the date of this Agreement, or (c) compliance by any Lender (or its Applicable Lending Office) (or for purposes of Section 2.14(b), by such Lender’s parent corporation, if applicable) with any request, rule, guideline
or directive (whether or not having the force of law) of any Governmental Authority made or issued after the date of this Agreement; it being understood, for the avoidance of doubt, that (i) the Dodd-Frank Wall Street Reform and Consumer
Protection Act and all requests, rules, guidelines or directives made or issued by any Governmental Authority thereunder or in connection therewith (whether or not having the force of law), and related acts of compliance as described in clause
(c) of this definition, and (ii) all requests, rules, guidelines or directives concerning capital adequacy or liquidity (A) promulgated by the Bank for International Settlements or the Basel Committee on Banking Supervision (or any
successor or similar authority) and made or issued by any Governmental Authority or (B) made or issued by the United States or foreign regulatory authorities, in each case pursuant to Basel III, and related acts of compliance as described in
clause (c) of this definition, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted, promulgated, made or issued. 

  
 4 

 “CHI” shall mean Cougar Helicopters Inc., a corporation organized under the
laws of Canada. 
 “CHI Investment” shall mean the investment by certain Subsidiaries of the Borrower
consisting of a noncontrolling interest in the equity of and voting power in CHI, together with the purchase of certain helicopters and related assets pursuant to the Share and Asset Purchase Agreement dated as of August 31, 2012, among
(i) Kenlor Investments Ltd., a company organized under the laws of British Columbia, VIH Aviation Group, Ltd., a company organized under the laws of British Columbia, VIH Helicopters USA, Inc., a company organized under the laws of Idaho, CGSCH
Enterprises Ltd., a company organized under the laws of British Columbia and Cougar Aviation Ltd., a company organized under the laws of Nova Scotia, as sellers, (ii) CHI, (iii) BHNA Holdings Inc., a company organized under the laws of
Delaware, Bristow Canada Holdings Inc., a company organized under the laws of British Columbia, and Bristow Canadian Real Estate Company Inc., a company organized under the laws of British Columbia, as purchasers, (iv) for purposes of
Section 10.14 thereof, Kenneth Norie and (v) for purposes of Section 10.15 thereof, the Borrower. 

“Closing Date” shall mean the date on which the conditions precedent set forth in Section 3.1 have been
satisfied or waived in accordance with Section 10.2. 
 “Code” shall mean the Internal Revenue Code
of 1986. 
 “Collateral” shall mean all tangible and intangible property, real and personal, of any Loan Party
that is the subject of a Lien granted pursuant to a Loan Document to the Administrative Agent for the benefit of the Secured Parties to secure the whole or any part of the Obligations or any Guarantee thereof, and shall include, without limitation,
all casualty insurance proceeds and condemnation awards with respect to any of the foregoing. For the avoidance of doubt, Collateral shall exclude the aircraft, rotors, engines and other equipment or property not subject to an Aircraft Security
Agreement or other security agreement securing the Obligations filed with the Federal Aviation Administration and/or the International Registry of Mobile Assets maintained under the Cape Town Convention and the Aircraft Protocol adopted on
November 16, 2001, at Cape Town, South Africa or their successors or similar registries for the recordation of interests therein, and the charters, general intangibles, receivables, accessions and other property related thereto. 

“Collateral Asset Value” shall mean, for the Borrower and the Guarantors, as of any date, determined on a consolidated
basis in accordance with GAAP, the sum of the book value of the Borrower’s and the Guarantors’ accounts receivable, inventory, equipment, deposit accounts, investment property (other than the Capital Stock of any Subsidiary of the Borrower
owned by the Borrower or such Guarantor) and cash that are subject to a perfected first priority lien (subject to Liens not prohibited hereunder) and Pledged Aircraft (based on desktop or other fair market valuation methods acceptable to the
Administrative Agent completed by a reputable aircraft appraisal company acceptable to the Administrative Agent) that are subject to a perfected first priority lien (subject to Liens not prohibited hereunder) in favor of the Administrative Agent, as
reflected on the most recently delivered financial statements of the Borrower and its Subsidiaries. 
 “Collateral Asset
Value Ratio” shall mean that at all times that the Borrower’s Additional Permitted Investments exceed 15% of the Borrower’s Consolidated Net Tangible Assets, the Borrower shall maintain a ratio of Collateral Asset Value to Senior
Secured Debt, as of the most recently completed fiscal quarter for which financial statements are available, of at least 1.10:1.00; provided, that, notwithstanding the foregoing, as of any date of determination, the actual principal amount of
Senior Secured Debt outstanding shall be used in determining the ratio of Collateral Asset Value to Senior Secured Debt. 

  
 5 

 “Compliance Certificate” shall mean a certificate from the chief financial
officer, treasurer or controller of the Borrower in the form of, and containing the certifications set forth in, the certificate attached hereto as Exhibit 5.1(c). 
 “Consolidated Current Liabilities” shall mean, for the Borrower and its Subsidiaries for any period, the total liabilities (including tax and other proper accruals) of the Borrower and
its Subsidiaries on a consolidated basis at such date which may properly be classified as current liabilities in accordance with GAAP, after eliminating all current maturities of long-term Indebtedness. 

“Consolidated EBITDA” shall mean, for the Borrower and its Subsidiaries for any period, and without duplication an
amount equal to the sum of (a) Consolidated Net Income for such period plus (b) to the extent deducted in determining Consolidated Net Income for such period, (i) Consolidated Interest Expense, (ii) income tax expense,
(iii) depreciation and amortization and (iv) without duplication, cash dividends received from unconsolidated affiliates that are accounted for by the equity accounting method, but excluding, in the case of the foregoing clauses
(a) and (b), any net income or net loss and expenses and charges of any SPVs, in all cases determined on a consolidated basis in accordance with GAAP in each case for such period. For purposes of calculating compliance with the financial
covenants set forth in Sections 6.1 and 6.2, (A) Consolidated EBITDA for the period of four Fiscal Quarters ending September 30, 2012 shall be increased by an amount equal to $40,000,000, (B) Consolidated EBITDA for the
period of four Fiscal Quarters ending December 31, 2012 shall be increased by an amount equal to $30,000,000, (C) Consolidated EBITDA for the period of four Fiscal Quarters ending March 31, 2013 shall be increased by an amount equal
to $20,000,000 and (D) Consolidated EBITDA for the period of four Fiscal Quarters ending June 30, 2013 shall be increased by an amount equal to $10,000,000. 
 “Consolidated Interest Expense” shall mean, for the Borrower and its Subsidiaries for any period determined on a consolidated basis in accordance with GAAP, and without duplication, the
sum of (i) total interest expense, including without limitation the interest component of any payments in respect of Capital Lease Obligations for borrowed money constituting Indebtedness capitalized or expensed during such period (whether or
not actually paid during such period) plus (ii) the net amount payable (or minus the net amount receivable) with respect to any interest rate Hedging Transactions during such period (whether or not actually paid or received during
such period) plus (iii) Consolidated Lease Expense (whether or not actually paid during such period). 

“Consolidated Lease Expense” shall mean, for the Borrower and its Subsidiaries for any period, the aggregate amount of
rental expense payable by such Persons on leases of real and personal property (excluding Capital Lease Obligations) associated with Indebtedness determined on a consolidated basis in accordance with GAAP for such period. 

“Consolidated Net Income” shall mean, for the Borrower and its Subsidiaries for any period, the net income (or loss) of
the Borrower and its Subsidiaries for such period determined on a consolidated basis in accordance with GAAP, but excluding therefrom (to the extent otherwise included therein) (i) any extraordinary or non-recurring gains or losses,
(ii) any gains or losses attributable to write-ups or write-downs of assets, (iii) any equity interest of the Borrower or any Subsidiary of the Borrower in the unremitted earnings of any Person that is not a Subsidiary, (iv) any
unremitted earnings of any Subsidiary that is subject to restrictions as to the payment of dividends or distributions and (v) any income (or loss) of any Person accrued prior to the date it becomes a Subsidiary or is merged into or consolidated
with the Borrower or any Subsidiary or the date that such Person’s assets are acquired by the Borrower or any Subsidiary. 

  
 6 

 “Consolidated Net Tangible Assets” of any Person shall mean, as of any
date, Consolidated Tangible Assets of such Person at such date, minus all Consolidated Current Liabilities of such person at such date. 
 “Consolidated Tangible Assets” shall mean, for the Borrower and its Subsidiaries as of any date, the consolidated assets of the Borrower and its Subsidiaries (other than SPVs) at such
date, minus the sum of (1) the net book value of all assets that would be classified as intangible under GAAP (including, without limitation, goodwill, organizational expenses, trademarks, trade names, copyrights, patents, licenses and any
rights in any thereof) and (2) any prepaid expenses, deferred charges and unamortized debt discount and expense, in each case as determined in accordance with GAAP. 
 “Consolidated Total Assets” shall mean as of any date of determination, the aggregate book value of the assets of the Borrower and its Subsidiaries determined on a consolidated basis in
accordance with GAAP as of such date. 
 “Consolidated Total Debt” shall mean, as of any date, all Indebtedness
of the Borrower and its Subsidiaries measured on a consolidated basis as of such date, but excluding Indebtedness of the type described in subsection (xi) of the definition thereto. 

“Contractual Obligation” of any Person shall mean any provision of any security issued by such Person or of any
agreement, instrument or undertaking under which such Person is obligated or by which it or any of the property in which it has an interest is bound. 
 “Copyright” shall have the meaning assigned to such term in the Security Agreement. 
 “Copyright Security Agreements” shall mean, collectively, the Copyright Security Agreements executed in favor of the Administrative Agent, on behalf of itself and the Secured Parties, by
certain Loan Parties owning Copyrights or licenses of Copyrights. 
 “Default” shall mean any condition or
event that, with the giving of notice or the lapse of time or both, would constitute an Event of Default. 
 “Defaulting
Lender” shall mean, at any time, any Lender as to which the Administrative Agent has notified the Borrower that (i) such Lender has failed for two or more Business Days to comply with its obligations under this Agreement to make a Term
Loan (a “funding obligation”), unless such amount is the subject of a good faith dispute (ii) such Lender has notified the Administrative Agent, or has stated publicly, (a) that it will not comply with any such funding
obligation hereunder, or (b) that it has defaulted on its obligation to fund generally under any other loan agreement, credit agreement or other financing agreement (unless in each case such notification or public statement indicates that such
position is based on such Lender’s good faith determination that a condition precedent under this Agreement cannot be satisfied, (iii) such Lender has, for two or more Business Days, failed to confirm in writing to the Administrative
Agent, in response to a written request of the Administrative Agent, that it will comply with its funding obligations hereunder, (iv) a Lender Insolvency Event has occurred and is continuing with respect to such Lender or (v) an event of
the kind referred to in the definition of “Lender Insolvency Event” has occurred and is continuing in respect of any financial institution affiliate of such Lender. The Administrative Agent will promptly send to all parties hereto a copy
of any notice to the Borrower provided for in this definition. 

  
 7 

 “Default Interest” shall have the meaning given to such term in
Section 2.10(b). 
 “Designated Asset Sales” shall mean sales of inventory or equipment which is
worthless or obsolete or no longer necessary or useful to the proper conduct of the Borrower’s or any of its Subsidiaries’ business, so long as the aggregate consideration received in respect of all such sales made in any Fiscal Year does
not exceed $20,000,000. 
 “Disqualified Stock” shall mean any Capital Stock that (i) matures or is
mandatorily redeemable pursuant to a sinking fund obligation or otherwise, (ii) is or may become redeemable or repurchaseable by Borrower or such Subsidiary at the option of the holder thereof for Indebtedness or cash, in whole or in part, or
(iii) is convertible or exchangeable at the option of the holder thereof for Indebtedness, on or prior to, in the case of clause (i), (ii) or (iii), the first anniversary of the Existing Credit Facility Termination Date. 

“Dollar(s)” and the sign “$” shall mean lawful money of the United States of America. 

“Domestic Lending Office” means, with respect to any Lender, the office of such Lender (or an Affiliate of such Lender)
specified as its “Domestic Lending Office” in the Administrative Questionnaire submitted by such Lender or such other office of such Lender (or an Affiliate of such Lender) as such Lender may from time to time specify to the Borrower and
the Administrative Agent. 
 “Domestic Subsidiary” shall mean each Subsidiary that is not a Foreign Subsidiary.

 “Environmental Laws” shall mean all laws, rules, regulations, codes, ordinances, orders, decrees, judgments,
injunctions, notices or binding agreements issued, promulgated or entered into by or with any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, Release or threatened
Release of any Hazardous Material or to health and safety matters. 
 “Environmental Liability” shall mean any
liability, contingent or otherwise (including any liability for damages, costs of environmental investigation and remediation, costs of administrative oversight, fines, natural resource damages, penalties or indemnities), of the Borrower or any
Subsidiary directly or indirectly resulting from or based upon (i) any actual or alleged violation of any Environmental Law, (ii) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials,
(iii) any actual or alleged exposure to any Hazardous Materials, or (iv) the Release or threatened Release of any Hazardous Materials. 
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time, and any successor statute. 

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

“ERISA Event” shall mean (i) any “reportable event”, as defined in Section 4043 of ERISA or the
regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (ii) the existence with respect to any Plan of an “accumulated funding deficiency” (as defined in
Section 412 of the Code or Section 302 of ERISA), whether or not waived; (iii) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a

  
 8 

 
waiver of the minimum funding standard with respect to any Plan; (iv) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to
the termination of any Plan; (v) the receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan administrator appointed by the PBGC of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to
administer any Plan; (vi) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (vii) the receipt by the Borrower or any
ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be,
insolvent or in reorganization, within the meaning of Title IV of ERISA. 
 “Eurocurrency Liabilities” has the
meaning assigned to that term in Regulation D of the Board of Governors of the Federal Reserve System. 

“Eurodollar Lending Office” means, with respect to any Lender, the office of such Lender (or an Affiliate of such
Lender) specified as its “Eurodollar Lending Office” in the Administrative Questionnaire submitted by such Lender or such other office of such Lender (or an Affiliate of such Lender) as such Lender may from time to time specify to the
Borrower and the Administrative Agent. 
 “Eurodollar Rate” means, for any Interest Period for each Eurodollar
Rate Loan comprising part of the same Borrowing, an interest rate per annum equal to the rate per annum obtained by dividing (a) the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBOR01
Page (or any successor page) as the London interbank offered rate for deposits in Dollars at approximately 11:00 a.m. (London, England time), two (2) Business Days prior to the first day of such Interest Period for a term comparable to such
Interest Period or, if for any reason such rate is not available, the “Eurodollar Rate” shall be, for any Interest Period, the rate per annum reasonably determined by the Administrative Agent as the rate of interest at which deposits in
Dollars in the approximate amount of the Eurodollar Rate Loan comprising part of such Borrowing would be offered by the Administrative Agent to major banks in the London interbank Eurodollar market at their request at or about 10:00 a.m. (New York,
New York time) two (2) Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period by (b) a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage for such Interest Period.

 “Eurodollar Rate Reserve Percentage” means, for any Interest Period for all Eurodollar
Rate Loans comprising part of the same Borrowing, the reserve percentage expressed as a decimal (rounded upwards to the next 1/100th of 1%) applicable two (2) Business Days before the first day of such Interest Period under regulations issued
from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) for a
member bank of the Federal Reserve System with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate
on Eurodollar Rate Loans is determined) having a term equal to such Interest Period. 
 “Event of Default”
shall have the meaning provided in Article VIII. 
 “Excluded Taxes” shall mean with respect
to the Administrative Agent, any Lender or any other recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) franchise taxes or taxes imposed on (or measured by) its net income by the United States
of America, or by the jurisdiction under the laws of which such recipient is organized or in which its principal office is located or in which it is doing business 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 of 

  
 9 

 
America or any similar tax imposed by any other jurisdiction in which any Lender is located, (c) in the case of a Lender, any withholding tax that (i) is imposed on amounts payable to
such Lender by any law in effect at the time such Lender becomes a party to this Agreement, (ii) is imposed on amounts payable to such Lender at any time that such Lender designates a new lending office, other than taxes that have accrued prior
to the designation of such lending office that are otherwise not Excluded Taxes, or (iii) is attributable to such Lender’s failure to comply with Section 2.16(e) and (d) any U.S. federal withholding taxes imposed under
FATCA. 
 “Existing Credit Agreement” shall mean that certain Amended and Restated Revolving Credit and Term
Loan Agreement, dated as of November 22, 2010 (as amended by that certain First Amendment to Amended and Restated Revolving Credit and Term Loan Agreement, dated as of December 22, 2011, by that certain Second Amendment to Amended and
Restated Revolving Credit and Term Loan Agreement, dated as of October 1, 2012 (the “Existing Credit Agreement Second Amendment”) and as further amended, restated, supplemented or otherwise modified from time to time), by and
among the Borrower, the lenders party thereto and SunTrust Bank, as administrative agent. 
 “Existing Credit Agreement
Second Amendment” shall have the meaning set forth in the definition of “Existing Credit Agreement”. 

“Existing Credit Facility Administrative Agent” shall mean SunTrust Bank, in its capacity as administrative agent under
the Existing Credit Agreement. 
 “Existing Credit Facility Documents” shall mean the Existing Credit Agreement
and all “Loan Documents” (as defined in the Existing Credit Agreement). 
 “Existing Credit Facility
Indebtedness” shall mean the Indebtedness created or incurred pursuant to the Existing Credit Facility Documents. 

“Existing Credit Facility Secured Parties” shall mean the secured parties in respect of the Existing Credit Agreement.

 “Existing Credit Facility Term Loans” shall mean the term loans under the Existing Credit Agreement.

 “Existing Credit Facility Termination Date” shall have the meaning assigned to “Revolving Commitment
Termination Date” in the Existing Credit Agreement. 
 “Existing Indebtedness” shall have the meaning set
forth in Section 7.1(b). 
 “FATCA” shall mean Sections 1471 through 1474 of the Code, as of the
date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof. 

“Federal Funds Rate” shall mean, for any day, the rate per annum (rounded upwards, if necessary, to
the next 1/100th of 1%) equal to the weighted average of
the rates on overnight Federal funds transactions with member banks of the Federal Reserve System arranged by Federal funds brokers, as published by the Federal Reserve Bank of New York on the next succeeding Business Day, or if such rate is not so
published for any Business Day, the Federal Funds Rate for such day shall be the average (rounded upwards, if necessary, to the next 1/100th of 1%) of the quotations for such day on such transactions received by the Administrative Agent from three
Federal funds brokers of recognized standing selected by the Administrative Agent. 

  
 10 

 “Fee Letter” shall mean that certain fee letter, dated as of June 26,
2012, executed by SunTrust Robinson Humphrey, Inc. and SunTrust Bank and accepted by the Borrower. 
 “Fiscal
Quarter” shall mean any fiscal quarter of the Borrower. 
 “Fiscal Year” shall mean any fiscal year of
the Borrower. 
 “First-Tier Foreign Subsidiary” shall mean each Foreign Subsidiary, all of the Capital Stock
of which (other than directors’ qualifying shares) is directly owned by the Borrower or any Wholly Owned Domestic Subsidiary. 
 “Foreign Lender” shall mean any Lender that is not a United States person under Section 7701(a)(30) of the Code. 

“Foreign Subsidiary” shall mean (i) any Subsidiary that is organized under the laws of a jurisdiction other than
one of the fifty states of the United States or the District of Columbia and (ii) any Subsidiary of a Foreign Subsidiary described in clause (i), whether or not such Subsidiary is organized under the laws of one of the fifty states of the
United States or the District of Columbia. 
 “GAAP” shall mean generally accepted accounting principles in the
United States applied on a consistent basis and subject to the terms of Section 1.3. 
 “Governmental
Authority” shall mean the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other
entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 
 “Guarantee” of or by any Person (the “guarantor”) shall mean any Contractual Obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic
effect of guaranteeing any Indebtedness of any other Person (the “primary obligor”) in any manner, whether directly or indirectly and including any obligation, direct or indirect, of the guarantor (i) to purchase or pay (or
advance or supply funds for the purchase or payment of) such Indebtedness or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (ii) to purchase or lease property, securities or services for
the purpose of assuring the owner of such Indebtedness of the payment thereof, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor
to pay such Indebtedness or (iv) as an account party in respect of any letter of credit or letter of guaranty issued in support of such Indebtedness; provided, that the term “Guarantee” shall not include endorsements for
collection or deposits in the ordinary course of business. The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the primary obligation in respect of which Guarantee is made or, if not so stated or
determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith. The term “Guarantee” used as a verb has a corresponding
meaning. 
 “Guarantor” shall mean (a) each Wholly Owned Domestic Subsidiary that is a Significant
Subsidiary and that is a party to the Subsidiary Guaranty Agreement as of the Closing Date and (b) each other Wholly Owned Domestic Subsidiary that is a Significant Subsidiary and that executes a joinder to the Subsidiary Guaranty Agreement as
contemplated by Section 5.10(a), in each case until released in accordance with the Subsidiary Guaranty Agreement or the other Loan Documents. 

  
 11 

 “Hazardous Materials” shall have the meaning assigned to that term in the
Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Acts of 1986, and shall also include petroleum, including crude oil or any fraction thereof, or any other
substance defined as “hazardous” or “toxic” or words with similar meaning and effect under any Environmental Law applicable to the Borrower or any of its Subsidiaries. 

“Hedging Obligations” of any Person shall mean any and all net obligations of such Person, whether absolute or
contingent and howsoever and whensoever created, arising, evidenced or acquired under (i) any and all Hedging Transactions, and (ii) any and all renewals, extensions and modifications of any Hedging Transactions and any and all
substitutions for any Hedging Transactions. 
 “Hedging Transaction” of any Person shall mean any interest rate
or foreign currency transaction (including an agreement with respect thereto) now existing or hereafter entered into by such Person that is a rate swap, basis swap, forward rate transaction, commodity swap, interest rate option, foreign exchange
transaction, cap transaction, floor transaction, collateral transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any
of these transactions) or any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other financial measures. 

“Indebtedness” of any Person shall mean, without duplication, (i) obligations of such Person for borrowed money,
(ii) obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) obligations of such Person in respect of the deferred purchase price of property or services (other than trade payables incurred in
the ordinary course of business on terms customary in the trade); (iv) obligations of such Person under any conditional sale or other title retention agreement(s) relating to property acquired by such Person, (v) all Capital Lease
Obligations for borrowed money of such Person treated as debt in accordance with GAAP, (vi) all obligations, contingent or otherwise, of such Person in respect of letters of credit, acceptances or similar extensions of credit,
(vii) Guarantees of such Person of the type of Indebtedness described in clauses (i) through (vi) above, (viii) Indebtedness of a third party secured by any Lien on property owned by such Person, whether or not such Indebtedness
has been assumed by such Person, (ix) Disqualified Stock of such Person, (x) Off-Balance Sheet Liabilities and (xi) all Hedging Obligations. 
 “Indemnified Taxes” shall mean Taxes other than Excluded Taxes. 

“Indenture” shall mean the 2007 Indenture and the 2008 Indenture, collectively. 

“Initial Funding Date” shall mean the date on which the conditions precedent set forth in Section 3.2 have
been satisfied or waived in accordance with Section 10.2 
 “Intellectual Property” shall have the
meaning assigned to such term in the Security Agreement. 
 “Intercreditor Agreement” shall mean the
Intercreditor Agreement, dated as of the date hereof, between (a) the Administrative Agent and (b) SunTrust Bank, as administrative agent for the lenders under the Existing Credit Agreement. 

“Interest Coverage Ratio” shall mean, as of any date, the ratio of (i) Consolidated EBITDA for the four consecutive
Fiscal Quarters ending on or immediately prior to such date to (ii) Consolidated Interest Expense for the four consecutive Fiscal Quarters ending on or immediately prior to such date. 

  
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 “Interest Period” shall mean with respect to any Eurodollar
Rate Borrowing, a period of one, two, three or six months; provided, that: 
 (i) the initial Interest
Period for such Borrowing shall commence on the date of such Borrowing (including the date of any conversion from a Borrowing of another Type), and each Interest Period occurring thereafter in respect of such Borrowing shall commence on the day on
which the next preceding Interest Period expires; 
 (ii) if any Interest Period would otherwise end on a day
other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day, unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day;

 (iii) any Interest Period which begins on the last Business Day of a calendar month or on a day for which
there is no numerically corresponding day in the calendar month at the end of such Interest Period shall end on the last Business Day of such calendar month; and 

(iv) no Interest Period may extend beyond the Maturity Date. 

“Investment” shall have the meaning assigned to such term in Section 7.4. 

“Investment Grade Rating” shall mean (i) a Moody’s rating of Baa3 or higher and an S&P rating of at least
BB+ or (ii) a Moody’s rating of Ba1 or higher and an S&P rating of at least BBB-; provided, however, that if (a) either Moody’s or S&P changes its rating system, such ratings will be the equivalent ratings
after such changes or (b) if S&P or Moody’s or both shall not make a rating of the senior unsecured non-credit enhanced long-term debt of the Borrower publicly available, the references above to S&P or Moody’s or both, as the
case may be, and the references to the ratings categories above shall be to the corresponding rating categories of such rating agency or rating agencies, as the case may be. 
 “Investment Grade Rating Event” means the first day on which the notes issued under the 2007 Indenture are assigned an Investment Grade Rating. 

“Lenders” shall have the meaning assigned to such term in the opening paragraph of this Agreement. 

“Lender Insolvency Event” shall mean that (i) a Lender or its Parent Company admits in writing its inability to pay
its debts as they become due, or (ii) a Lender or its Parent Company is the subject of a bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver, trustee, conservator, custodian or the like has been appointed
for such Lender or its Parent Company under the Bankruptcy Code, or such Lender or its Parent Company has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment, or (iii) a Lender
or its Parent Company has been adjudicated as, or determined by any Governmental Authority having regulatory authority over such Person or its assets to be, insolvent; provided that, for the avoidance of doubt, a Lender Insolvency Event shall
not be deemed to have occurred solely by virtue of the ownership or acquisition of any equity interest in or control of a Lender or a Parent Company thereof by a Governmental Authority or an instrumentality thereof. 

  
 13 

 “Leverage Ratio” shall mean, as of any date, the ratio of
(i) Consolidated Total Debt as of such date to (ii) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on or immediately prior to such date. 
 “Lien” shall mean any mortgage, pledge, security interest, lien (statutory or otherwise), charge, encumbrance, hypothecation, assignment, deposit arrangement, or other arrangement having
the practical effect of the foregoing or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and any capital lease
having the same economic effect as any of the foregoing) intended to assure or support payment or performance of any obligation. 
 “Loan Documents” shall mean, collectively, this Agreement, the Term Notes (if any), the Fee Letter, the Subsidiary Guaranty Agreement, the Security Documents, all Notices of Term Loan
Borrowings, all Notices of Conversion/Continuation, all Compliance Certificates, all landlord waivers and consents, bailee agreements and any and all other instruments, and agreements, executed in connection with any of the foregoing. 

“Loan Party” shall mean, collectively or individually, the Borrower and the Guarantors as the context requires.

 “Material Adverse Effect” shall mean, with respect to any event, act, condition or occurrence of whatever
nature (including any adverse determination in any litigation, arbitration, or governmental investigation or proceeding), whether singularly or in conjunction with any other event or events, act or acts, condition or conditions, occurrence or
occurrences whether or not related, (i) a material adverse change in, or a material adverse effect on the business, assets, liabilities (actual or contingent), operations, or condition (financial or otherwise) of the Borrower and its
Subsidiaries, taken as a whole, or (ii) a material impairment on the ability of the Borrower, or of the Guarantors taken as a whole, to perform their obligations under the Loan Documents or consummate the transactions described herein.

 “Material Indebtedness” shall mean Indebtedness (other than the Term Loans) and Hedging Obligations of the
Borrower or any of its Subsidiaries, under which an aggregate principal amount exceeding $25,000,000 is outstanding. For purposes of determining the amount of attributed Indebtedness from Hedging Obligations, the “principal amount” of any
Hedging Obligations at any time shall be (i) if the Hedging Transactions giving rise to such Hedging Obligations have been cancelled, expired or otherwise terminated, the actual amounts, if any, owing by the Borrower and its Subsidiaries
thereunder, and (ii) otherwise, the Net Mark-to-Market Exposure of such Hedging Obligations. 
 “Maturity
Date” shall mean the earlier of (i) the date that is 364 days after the Closing Date and (ii) the date on which the principal amount of all outstanding Term Loans have been declared or automatically have become due and payable
(whether by acceleration or otherwise). 
 “Moody’s” shall mean Moody’s Investors Service, Inc.

 “Multiemployer Plan” shall have the meaning set forth in Section 4001(a)(3) of ERISA. 

“Net Mark-to-Market Exposure” of any Person shall mean, as of any date of determination with respect to any Hedging
Obligation, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from such Hedging Obligation. “Unrealized losses” shall mean the fair market value of the cost to such Person of replacing the
Hedging Transaction giving rise to such Hedging Obligation as of the date of determination (assuming the Hedging Transaction were to be terminated as of that date), and “unrealized profits” means the fair market value of the gain to such
Person of replacing such Hedging Transaction as of the date of determination (assuming such Hedging Transaction were to be terminated as of that date). 

  
 14 

 “Non-Defaulting Lender” shall mean, at any time, a Lender that is not a
Defaulting Lender. 
 “Non-Recourse Debt” shall mean Indebtedness (i) as to which neither the Borrower nor
any of its Subsidiaries (a) provides any Guarantee or other credit support of any kind (including any undertaking, agreement or instrument that would constitute Indebtedness) or is otherwise directly or indirectly liable (as a guarantor or
otherwise) (other than pursuant to a pledge of the Capital Stock of any Subsidiary of the Company in order to secure such Indebtedness) or (b) is the lender thereunder; and (ii) no default with respect to which (including any rights that
the holders thereof may have to take enforcement action against any Subsidiary) would permit (upon notice, lapse of time or both) the holders of Indebtedness of the Borrower or any of its Subsidiaries (other than Indebtedness incurred under the Loan
Documents) to declare a default on such Indebtedness or cause the payment thereof to be accelerated or payable prior to its stated maturity. 
 “Notice of Borrowing” shall have the meaning given to such term in Section 2.2. 
 “Notice of Conversion/Continuation” shall mean the notice given by the Borrower to the Administrative Agent in respect of the conversion or continuation of an outstanding Borrowing as
provided in Section 2.4(b). 
 “Obligations” shall mean all amounts owing by the Borrower to the
Administrative Agent or any Lender pursuant to or in connection with this Agreement or any other Loan Document, including without limitation, all principal, interest (including any interest accruing after the filing of any petition in bankruptcy or
the commencement of any insolvency, reorganization or like proceeding relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), all reimbursement obligations, fees, expenses,
indemnification and reimbursement payments, costs and expenses including all fees and expenses of counsel to the Administrative Agent and any Lender incurred pursuant to this Agreement or any other Loan Document, together with all renewals,
extensions, modifications or refinancings of any of the foregoing. 
 “Off-Balance Sheet Liabilities” of any
Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any sale and leaseback transactions that do not create a
liability on the balance sheet of such Person, (iii) any Synthetic Lease Obligation or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does
not constitute a liability on the balance sheet of such Person. For the purposes of clause (ii) of this definition, the liabilities of the Borrower, as of any date, under a sale and leaseback transaction shall be the present value of the
obligation of the lessee for net rental payments during the remaining term of the lease included in such sale and leaseback transaction, such present value to be calculated using a discount rate imputed from the Borrower’s total interest
expense for the most recently completed Fiscal Year, as set forth in the consolidated statement of income contained in the annual audit report of the Borrower for such Fiscal Year, less the effect of interest income and adding back capitalized
interest, and the Average Debt of the Borrower as of such date. 
 “Other Taxes” shall mean any and all present
or future stamp, court, recording, documentary or similar Taxes arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other Loan Document. 

  
 15 

 “Parent Company” shall mean, with respect to a Lender, the bank holding
company (as defined in Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender. 

“Participant” shall have the meaning given to such term in Section 10.4(d). 

“Patent” shall have the meaning assigned to such term in the Security Agreement. 

“Patent Security Agreements” shall mean, collectively, the Patent Security Agreements executed in favor of the
Administrative Agent, on behalf of itself and the Secured Parties, by certain Loan Parties owning Patents or licenses of Patents both on the Closing Date and thereafter. 
 “Payment Office” shall mean the office of the Administrative Agent located at 303 Peachtree Street, N.E., Atlanta, Georgia 30308, or such other office or such account maintained by or on
behalf of the Administrative Agent as to which the Administrative Agent shall have given written notice to the Borrower and the other Lenders. 
 “PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA, and any successor entity performing similar functions. 

“Perfection Certificate” shall have the meaning assigned to such term in the Security Agreement. 

“Permitted Investments” shall mean: 

(i) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the
United States (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States), in each case maturing within one year from the date of acquisition thereof; 

(ii) commercial paper having the highest rating, at the time of acquisition thereof, of S&P or Moody’s and in
either case maturing within six months from the date of acquisition thereof; 
 (iii) certificates of deposit,
bankers’ acceptances, time deposits and similar bank debt instruments maturing within 180 days of the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any commercial
bank which has a combined capital and surplus and undivided profits of not less than of $500,000,000; 
 (iv)
fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (i) above and entered into with a financial institution satisfying the criteria described in clause (iii) above; and

 (v) money market mutual funds investing primarily in any one or more of the Permitted Investments described in
clauses (i) through (iv) above. 
 “Permitted Liens” shall mean: 

(i) Liens securing Indebtedness under the Loan Documents; 

(ii) Liens in favor of the Borrower or any of its Subsidiaries; 

  
 16 

 (iii) any Lien existing on any asset or Capital Stock of any Person at the
time such Person becomes a Subsidiary of the Borrower; provided, that any such Lien was not created in the contemplation thereof and any such Lien does not extend to any other property or asset owned by the Borrower or any of its
Subsidiaries; 
 (iv) Liens on any property or asset existing at the time of its acquisition by the Borrower or
any Subsidiary of the Borrower, provided that such Liens were not created or incurred in connection with, or in contemplation of, such acquisition and do not extend to any other property or asset; 

(v) Liens to secure the performance of statutory obligations, surety or appeal bonds, bid or performance bonds, insurance
obligations or other obligations of a like nature incurred in the ordinary course of business; 
 (vi) Liens
securing Hedging Obligations; 
 (vii) Liens existing on the Closing Date and set forth on Schedule 7.2;

 (viii) Liens associated with any interest or title of a lessor under a Capital Lease Obligation or an
operating lease to the extent such Indebtedness is permitted under the terms hereunder; 
 (ix) Liens arising by
reason of deposits necessary to obtain standby letters of credit in the ordinary course of business; 
 (x) Liens
on real or personal property or assets of the Borrower or a Subsidiary securing Indebtedness incurred for the purpose of financing all or any part of the purchase price of such property or assets or financing all or any part of the construction or
improvement of any such property or assets, provided that such lien shall attach at the time of or within 120 days after the later of (x) such acquisition, (y) completion of such construction or improvement or (z) commercial operation
of such property or other asset and such Lien shall not extend to any other property or assets of the Borrower and its Subsidiaries (other than associated accounts, contracts and insurance proceeds); provided, however, that if the 2007
Indenture is no longer in effect or by its terms does not require such liens to attach within the 120-day period specified herein, such lien shall attach within 180 days of the occurrence of the events set forth in these subsections (x), (y) or
(z); 
 (xi) Liens in connection with export credit agency financings of aircraft and other debt facilities or
commercial paper facilities, in each case with banks or other institutional lenders or institutional investors providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to
special purpose entities formed to borrow from (or sell receivables to) such lenders against such receivables), or letters of credit, in each case as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from
time to time in an aggregate principal amount at any one time outstanding not to exceed the excess of (x) the greater of (i) $150.0 million (or the equivalent thereof in any other currency or currency unit), and (ii) 30% of
Consolidated Net Tangible Assets, plus any fees, premiums, expenses (including costs of collection), indemnities and similar amounts payable in connection with such Indebtedness over (y) the outstanding principal amount of Indebtedness
permitted under clause (i) of this definition of “Permitted Liens”; provided, however, no such Liens shall encumber any of the Collateral; 

  
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 (xii) Liens securing Permitted Refinancing Indebtedness; 

(xiii) Liens securing Non-Recourse Debt to the extent such Indebtedness is permitted under the terms hereunder
provided, however, no such Lien shall encumber any of the Collateral; 
 (xiv) Liens securing the
Existing Credit Facility Indebtedness; and 
 (xv) Liens not otherwise permitted hereunder under this definition
of “Permitted Liens” securing Indebtedness not in excess of an aggregate of the greater of (a) $50 million or (b) 5% of Consolidated Net Tangible Assets; provided, however, no such Lien shall encumber any of the
Collateral. 
 “Permitted Refinancing Indebtedness” shall mean any Indebtedness of the Borrower or any
Subsidiary issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Borrower or any Subsidiary (the “Refinanced Indebtedness”), provided
that (i) the aggregate principal amount of such new Indebtedness does not exceed the aggregate principal amount of the Refinanced Indebtedness (plus the amount of interest accrued on the Refinanced Indebtedness and the amount of all premium, if
any, payable in connection therewith and fees and reasonable expenses incurred in connection therewith), (ii) such new Indebtedness has a Weighted Average Life to Maturity at the time such Indebtedness is incurred that is equal to or greater
than the Weighted Average Life to Maturity of the Refinanced Indebtedness at the time such new Indebtedness is incurred, (iii) if the Refinanced Indebtedness is subordinated in right of payment to the Term Loans, such new Indebtedness shall
also be subordinated in right of payment to the Term Loans on terms at least as favorable, taken as a whole, to the Lenders as those contained in the documentation executed in connection with the Refinanced Indebtedness and (iv) such new
Indebtedness is not incurred by a non-Loan Party if a Loan Party is the obligor on the Refinanced Indebtedness; provided, however, that whether or not the Refinanced Indebtedness was guaranteed, if such new Indebtedness is incurred by
a Loan Party, any Loan Party may guarantee such new Indebtedness; provided further, that if such new Indebtedness is subordinated to the Term Loans, any guarantees of such new Indebtedness by a Loan Party shall be subordinated to such
Loan Party’s Obligations or Subsidiary Guarantee, as applicable, to at least the same extent. 
 “Permitted
Subordinated Debt” shall mean any Indebtedness of the Borrower or any Subsidiary (i) that is expressly subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent and the Required Lenders in their sole
discretion, (ii) that matures by its terms no earlier than six months after the Existing Credit Facility Termination Date with no scheduled principal payments permitted prior to such maturity, and (iii) that is evidenced by an indenture or
other similar agreement that is in a form satisfactory to the Administrative Agent and the Required Lenders. 

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

“Pledge Agreement” shall mean that certain Pledge Agreement, dated as of the date hereof, executed by certain of the
Loan Parties in favor of the Administrative Agent for the benefit of the Secured Parties, pursuant to which such Loan Parties shall pledge all of the Capital Stock of each Wholly Owned Domestic Subsidiary and 65% of the Capital Stock of all
First-Tier Foreign Subsidiaries, in each case directly owned by such Loan Parties. 

  
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 “Pledged Aircraft” shall mean those aircraft frames and aircraft equipment
in which a security interest has been granted by the Borrower or any Loan Party to the Administrative Agent for the benefit of the Secured Parties pursuant to an Aircraft Security Agreement. 

“Pro Rata Share” shall mean with respect any Lender at any time, a percentage, the numerator of which shall be such
Lender’s Term Loans at such time (or if the full amount of the Term Loans shall not yet have been made, the sum of (x) the aggregate principal amount of such Lender’s Term Loans outstanding at such time and (y) such Lender’s
unused Term Loan Commitments that have not been terminated), and the denominator of which shall be the aggregate principal amount of all the Term Loans outstanding at such time (or if the full amount of the Term Loans shall not yet have been made,
the sum of (x) the aggregate principal amount of all Lenders’ Term Loans outstanding at such time and (y) the aggregate unused Term Loan Commitments that have not been terminated). 

“Related Parties” shall mean, with respect to any specified Person, such Person’s Affiliates and the respective
directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 

“Release” shall mean any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge,
dispersal, leaching or migration into the environment (including ambient air, surface water, groundwater, land surface or subsurface strata) or within any building, structure, facility or fixture. 

“Required Lenders” shall mean, at any time, Lenders holding more than 50% of the aggregate outstanding Term Loans at
such time (or if any of the Term Loan Commitments are outstanding, Lenders holding more than 50% of the sum of the aggregate outstanding Term Loans and aggregate unused Term Loan Commitments); provided, however, that to the extent any
Lender is a Defaulting Lender, such Defaulting Lender and all of its Term Loans and Term Loan Commitments, as applicable, shall be excluded for purposes of determining Required Lenders. 

“Requirement of Law” for any Person shall mean the articles or certificate of incorporation, bylaws, partnership
certificate and agreement, or limited liability company certificate of organization and agreement, as the case may be, and other organizational and governing documents of such Person, and any law, treaty, rule or regulation, or determination of a
Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 
 “Responsible Officer” shall mean any of the president, the chief executive officer, the chief operating officer, the chief financial officer, the treasurer, the controller or a vice
president of the Borrower or such other representative of the Borrower as may be designated in writing by any one of the foregoing with the consent of the Administrative Agent; and, with respect to the financial covenants only, the chief financial
officer or the treasurer of the Borrower. 
 “Restricted Payment” shall have the meaning given to such term in
Section 7.5. 
 “S&P” shall mean Standard & Poor’s, a Division of the McGraw-Hill
Companies. 
 “Secured Obligations” shall have the meaning given to such term in the Security Agreement.

  
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 “Secured Parties” shall have the meaning given to such term in the Security
Agreement. 
 “Security Agreement” shall mean that certain Security Agreement, dated as of the date hereof,
executed by the Loan Parties in favor of the Administrative Agent for the benefit of the Secured Parties. 
 “Security
Documents” shall mean, collectively, the Security Agreement, the Pledge Agreement, any Copyright Security Agreement, any Trademark Security Agreement, any Patent Security Agreement, the Perfection Certificate, and all other instruments and
agreements now or hereafter securing the whole or any part of the Obligations or any Guarantee thereof, all UCC financing statements, fixture filings, stock powers, and all other documents, instruments, agreements and certificates executed and
delivered by any Loan Party to the Administrative Agent and the Lenders in connection with the foregoing. 
 “Senior
Secured Debt” shall mean the aggregate principal amount of all Indebtedness under the Loan Documents and the Existing Credit Facility Documents. 
 “Significant Subsidiary” shall mean any Subsidiary of the Borrower that would be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated
pursuant to the Securities Act of 1933, as amended, as such Regulation S-X is in effect on the Closing Date. 

“SPV” shall mean any Person that is designated by the Borrower as a SPV and has no Indebtedness other than Non-Recourse
Debt, provided that the Borrower shall not designate as a SPV any Subsidiary that owns, directly or indirectly, any other Subsidiary that has Total Assets (including assets of any Subsidiaries of such other Subsidiary, but excluding any
assets that would be eliminated in consolidation with the Borrower and its Subsidiaries) which equates to at least five percent (5%) of the Borrower’s Consolidated Total Assets, or that had net income (including net income of any
Subsidiaries of such other Subsidiary, all before discontinued operations and income or loss resulting from extraordinary items, all determined in accordance with GAAP, but excluding revenues and expenses that would be eliminated in consolidation
with the Borrower and its Subsidiaries) during the most recently completed Fiscal Year of the Borrower in excess of the greater of (i) $1,000,000, and (ii) fifteen percent (15%) of the net income (before discontinued operations and
income or loss resulting from extraordinary items) for the Borrower and its Subsidiaries, all as determined on a consolidated basis in accordance with GAAP during such Fiscal Year of the Borrower. The Borrower may elect to treat any Subsidiary as a
SPV (provided such Subsidiary would otherwise qualify as such), and may rescind any such prior election, by giving written notice thereof to the Administrative Agent specifying the name of such Subsidiary or SPV, as the case may be, and the
effective date of such election, which shall be a date within sixty (60) days after the date such notice is given. The election to treat a particular Person as a SPV may only be made once. 

“Subsidiary” shall mean, with respect to any person (the “parent”), any corporation, partnership, joint
venture, limited liability company, trust, association or other entity of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power, or in the case of a partnership, more
than 50% of the general partnership interests are, as of such date, owned, controlled or held by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent, together with any other corporation,
partnership, joint venture, limited liability company, trust, association or other entity (other than, except in the context of the items set forth in the Section 5.1 herein, a SPV) the accounts of which would be consolidated with those
of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date. Unless otherwise specified, “Subsidiary” means a Subsidiary of the Borrower.

  
 20 

 “Subsidiary Guarantee” shall mean a guaranty provided by a Subsidiary
pursuant to a Subsidiary Guaranty Agreement (collectively, the “Subsidiary Guarantees”). 
 “Subsidiary
Guaranty Agreement” shall mean the Subsidiary Guaranty Agreement, dated as of the date hereof and substantially in the form of Exhibit C, made by each Guarantor in favor of the Administrative Agent for the benefit of the Secured
Parties. 
 “Synthetic Lease” shall mean a lease transaction under which the parties intend that (i) the
lease will be treated as an “operating lease” by the lessee pursuant to Statement of Financial Accounting Standards No. 13, as amended, and (ii) the lessee will be entitled to various tax and other benefits ordinarily available
to owners (as opposed to lessees) of like property as is customary in synthetic leases. 
 “Synthetic Lease
Obligations” shall mean, with respect to any Person, the sum of (i) all remaining rental obligations of such Person as lessee under Synthetic Leases which are attributable to principal and, without duplication, (ii) all rental and
purchase price payment obligations of such Person under such Synthetic Leases assuming such Person exercises the option to purchase the lease property at the end of the lease term. 

“Taxes” shall mean any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings
imposed by any Governmental Authority. 
 “Term Loan” shall have the meaning given to such term in
Section 2.1. 
 “Term Loan Commitment” shall mean, with respect to each Lender, the commitment of
such Lender to make Term Loans, expressed as an amount representing the maximum principal amount of the Term Loans to be made by such Lender, as such commitment may be (a) reduced or terminated from time to time pursuant to
Section 2.5 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.4. The initial amount of each Lender’s Term Loan Commitment is set forth on
Schedule II, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Term Loan Commitment, as applicable. The initial aggregate amount of the Lenders’ Term Loan Commitments is $225,000,000.

 “Term Note” shall mean a promissory note of the Borrower payable to the order of a requesting Lender in the
principal amount of such Lender’s Term Loan Commitment, in substantially the form of Exhibit A. 
 “Total
Assets” shall mean as of any date of determination, the aggregate book value of the assets of a Person determined in accordance with GAAP as of such date. 
 “Trademark” shall have the meaning assigned to such term in the Security Agreement. 
 “Trademark Security Agreements” shall mean, collectively, the Trademark Security Agreements in favor of the Administrative Agent, on behalf of itself and Secured Parties, executed by
certain Loan Parties owning Trademarks or licenses of Trademarks, both on the Closing Date and thereafter. 

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

  
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 “Uniform Commercial Code” or “UCC” shall mean the Uniform
Commercial Code as in effect from time to time in the State of New York. 
 “Weighted Average Life to Maturity”
means, when applied to any Indebtedness at any date, the number of years obtained by dividing (1) the sum of the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other
required payments of principal, including payment at final maturity, in respect thereof, by (b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment, by (2) the then
outstanding principal amount of such Indebtedness. 
 “Wholly Owned Domestic Subsidiary” shall mean each
Domestic Subsidiary of the Borrower or any other Domestic Subsidiary, all of the Capital Stock of which (other than directors’ qualifying shares) is owned by the Borrower directly or indirectly through other Persons all of whose Capital Stock
(other than director’s qualifying shares) is at the time owned, directly or indirectly by the Borrower. 
 “Wholly
Owned Subsidiary” shall mean each Subsidiary of the Borrower or any other Subsidiary, all of the Capital Stock of which (other than directors’ qualifying shares) is owned by the Borrower directly or indirectly through other Persons all
of whose Capital Stock (other than directors’ qualifying shares) is at the time owned, directly or indirectly by the Borrower. 
 “Withdrawal Liability” shall mean liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of
Subtitle E of Title IV of ERISA. 
 “2007 Indenture” shall mean the indenture, dated as of
June 13, 2007 (as amended, supplemented or otherwise modified from time to time), among the Borrower, the guarantors signatory thereto, and U.S. Bank National Association, as trustee, pursuant to which the Borrower has issued its 7  1/2% senior notes due 2017. 
 “2008 Indenture” shall mean the
indenture, dated as of June 17, 2008 (as amended, supplemented or otherwise modified from time to time), among the Borrower, the guarantors signatory thereto, and U.S. Bank National Association, as trustee, pursuant to which the Borrower has
issued its 3% senior convertible notes due 2038. 
 “2017 Senior Notes” shall mean those
certain 7  1/2% Senior Notes due 2017 issued by the Borrower pursuant to the 2007 Indenture. 
 “2038 Senior Convertible Notes” shall mean those certain convertible notes due 2038 issued by the Borrower pursuant to the 2008 Indenture. 

Section 1.2. Classifications of Term Loans and Borrowings. For purposes of this Agreement, Term Loans may be
classified and referred to by Type (e.g. a “Eurodollar Rate Loan” or “Base Rate Loan”). Borrowings also may be classified and referred to by Type (e.g. “Eurodollar Rate Borrowing” or “Base Rate Borrowing”).

 Section 1.3. Accounting Terms and Determination. Unless otherwise defined or specified herein, all
accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared, in accordance with GAAP as in effect from time to time,
applied on a basis consistent with the most recent audited consolidated financial statements of the Borrower delivered pursuant to Section 5.1(a); if (i) any 

  
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change in accounting principles from those used in the preparation of the financial statements of the Borrower referred to in Section 5.1 is hereafter occasioned by the promulgation
of rules, regulations, pronouncements and opinions by or required by the Financial Accounting Standards Board or the American Institute of Certified Public Accountants (or successors thereto or agencies with similar functions), and such change
materially affects the calculation of any component of any financial covenant, standard or term found in this Agreement, or (ii) there is a material change in federal, state or foreign tax laws which materially affects any of the Borrower and
its Subsidiaries’ ability to comply with the financial covenants, standards or terms found in this Agreement, the Borrower and the Lenders agree to enter into negotiations in order to amend such provisions (with the agreement of the Required
Lenders or, if required by Section 10.2, all of the Lenders) so as to equitably reflect such changes with the desired result that the criteria for evaluating any of the Borrower’s and its Subsidiaries’ financial condition shall
be the same after such changes as if such changes had not been made. Unless and until such provisions have been so amended, the provisions of this Agreement shall govern. 
 Section 1.4. 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”. In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and
including” and the word “to” means “to but excluding”. 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 it was originally executed or as it may from time to time be amended, restated, 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 permitted assigns, (iii) the words “hereof”, “herein” and “hereunder” and words of similar
import shall be construed to refer to this Agreement as a whole and not to any particular provision hereof, (iv) all references to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles, Sections,
Exhibits and Schedules to this Agreement, (v) all references to a specific time shall be construed to refer to the time in the city and state of the Administrative Agent’s principal office, unless otherwise indicated, and
(vi) any definition of or reference to any statute, rule or regulation shall be construed as referring thereto as from time to time amended, supplemented or otherwise modified (including by succession of comparable successor laws). 

ARTICLE II 
 AMOUNT AND TERMS OF THE TERM LOAN COMMITMENTS 
 Section 2.1.
Term Loan Commitments. Subject to and upon the terms and conditions herein set forth, each Lender severally agrees to make loans (each, a “Term Loan”) to the Borrower (a) on the Initial Funding Date and (b) to
the extent the Term Loan Commitments are not fully utilized on the Initial Funding Date, on no more than two occasions from time to time thereafter until the first date on which the Term Loan Commitments shall have been fully utilized or otherwise
terminated, in an aggregate principal amount not exceeding such Lender’s Term Loan Commitment. The Term Loans may be, from time to time, Base Rate Loans or Eurodollar Rate Loans or a combination thereof. Amounts repaid or prepaid in respect of
the Term Loans may not be reborrowed. 
 Section 2.2. Requests for Term Loans. To request a Borrowing, the
Borrower shall give the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of such Borrowing substantially in the form of Exhibit 2.2 (a “Notice of Borrowing”) (x) in the case of a
Base 

  
 23 

 
Rate Borrowing, prior to 12:00 noon (New York, New York time) the day of such Borrowing or (y) in the case of a Eurodollar Rate Borrowing, prior to 12:00 noon (New York, New York time) three
(3) Business Days prior to the requested date of such Borrowing. Each Notice of Borrowing shall be irrevocable and shall specify: (i) the aggregate principal amount of such Borrowing, (ii) the date of such Borrowing (which shall be a
Business Day), (iii) the Type of Term Loans comprising such Borrowing, (iv) in the case of a Eurodollar Rate Borrowing, the duration of the initial Interest Period applicable thereto (subject to the provisions of the definition of Interest
Period) and (v) the account of the Borrower to which the proceeds of such Borrowing should be credited. The aggregate principal amount of each Eurodollar Rate Borrowing shall be not less than $1,000,000 or a larger multiple of $1,000,000, and
the aggregate principal amount of each Base Rate Borrowing shall not be less than $1,000,000 or a larger multiple of $100,000; provided, that Base Rate Loans made pursuant to Section 2.10 may be made in lesser amounts as provided
therein. At no time shall there be more than eight Eurodollar Rate Borrowings outstanding. 
 Section 2.3. Funding of
Borrowings. 
 (a) Each Lender will make available each Term Loan to be made by it hereunder on the proposed date thereof
by wire transfer in immediately available funds by 1:00 p.m. (New York, New York time) to the Administrative Agent at the Payment Office. The Administrative Agent will make such Term Loans available to the Borrower by promptly crediting the amounts
received by the Administrative Agent, in like funds by the close of business on such proposed date, to an account maintained by the Borrower with the Administrative Agent or at the Borrower’s option, by effecting a wire transfer of such amounts
to an account designated by the Borrower to the Administrative Agent. 
 (b) Unless the Administrative Agent shall have been
notified by any Lender prior to (i) 5:00 p.m. (New York, New York time) on the Business Day on which such Lender is to participate in a Base Rate Borrowing or (ii) 5:00 p.m. (New York, New York time) one (1) Business Day prior to the
date on which such Lender is to participate in a Eurodollar Rate Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made
such amount available to the Administrative Agent on such date, and the Administrative Agent, in reliance on such assumption, may make available to the Borrower on such date a corresponding amount. If such corresponding amount is not in fact made
available to the Administrative Agent by such Lender on the date of such Borrowing, the Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender together with interest at the Federal Funds Rate until the
second Business Day after such demand and thereafter at the Base Rate. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent shall promptly notify the Borrower,
and the Borrower shall immediately pay such corresponding amount to the Administrative Agent, together with interest at the rate specified for such Borrowing. Nothing in this subsection shall be deemed to relieve any Lender from its obligation to
fund its Pro Rata Share of any Borrowing hereunder or to prejudice any rights which the Borrower may have against any Lender as a result of any default by such Lender hereunder. 

(c) All Borrowings shall be made by the Lenders on the basis of their respective Pro Rata Shares. No Lender shall be responsible for any
default by any other Lender in its obligations hereunder, and each Lender shall be obligated to make its Term Loans provided to be made by it hereunder, regardless of the failure of any other Lender to make its Term Loans hereunder. 

Section 2.4. Interest Elections. 
 (a) Each Borrowing initially shall be of the Type specified in the applicable Notice of Borrowing, and in the case of a Eurodollar Rate Borrowing, shall have an initial Interest Period as specified in
such Notice of Borrowing. Thereafter, the Borrower may elect to convert such Borrowing into 

  
 24 

 
a different Type or to continue such Borrowing, and in the case of a Eurodollar Rate Borrowing, may elect successive Interest Periods therefor, all as provided in this Section 2.4.
The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding Term Loans comprising such Borrowing, and the Term Loans
comprising each such portion shall be considered a separate Borrowing. 
 (b) To make an election pursuant to this
Section 2.4, the Borrower shall give the Administrative Agent prior written notice (or telephonic notice promptly confirmed in writing), substantially in the form of Exhibit 2.4 attached hereto (a “Notice of
Conversion/Continuation”), of each Borrowing that is to be converted or continued, as the case may be, (x) in the case of a conversion into a Base Rate Borrowing, prior to 12:00 noon (New York, New York time) on the same Business Day
of the requested date of conversion and (y) in the case of a continuation of or conversion into a Eurodolloar Rate Borrowing, prior to 12:00 noon (New York, New York time) three (3) Business Days prior to the requested date of continuation
or conversion. Each such Notice of Conversion/Continuation shall be irrevocable and shall specify (i) the Borrowing to which such Notice of Continuation/Conversion applies and, if different options are being elected with respect to different
portions thereof, the portions thereof that are to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) shall be specified for each resulting Borrowing); (ii) the
effective date of the election made pursuant to such Notice of Continuation/Conversion, which shall be a Business Day, (iii) whether the resulting Borrowing is to be a Base Rate Borrowing or a Eurodollar Rate Borrowing; and (iv) if the
resulting Borrowing is to be a Eurodollar Rate Borrowing, the Interest Period applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of “Interest Period”. If any such Notice of
Continuation/Conversion requests a Eurodollar Rate Borrowing but does not specify an Interest Period, the Borrower shall be deemed to have selected an Interest Period of one month. The principal amount of any resulting Borrowing shall satisfy the
minimum borrowing amount for Eurodollar Rate Borrowings and Base Rate Borrowings set forth in Section 2.2. 
 (c) If,
on the expiration of any Interest Period in respect of any Eurodollar Rate Borrowing, the Borrower shall have failed to deliver a Notice of Conversion/Continuation, then, unless such Borrowing is repaid as provided herein, the Borrower shall be
deemed to have elected to convert such Borrowing to a Base Rate Borrowing. No Borrowing may be converted into, or continued as, a Eurodollar Rate Borrowing if a Default or an Event of Default exists, unless the Administrative Agent and each of the
Lenders shall have otherwise consented in writing. No conversion of any Eurodollar Rate Loans shall be permitted except on the last day of the Interest Period in respect thereof. 

(d) Upon receipt of any Notice of Conversion/Continuation, the Administrative Agent shall promptly notify each Lender of the details
thereof and of such Lender’s portion of each resulting Borrowing. 
 Section 2.5. Optional Reduction and
Termination of Term Loan Commitments. 
 (a) Unless previously terminated, the Term Loan Commitments shall be reduced
upon the making of each Term Loan pursuant to Section 2.1 by an amount equal to the amount of such Term Loan. If the Borrower borrows Term Loans on the Initial Funding Date and on two occasions thereafter and the Term Loan Commitments
have not been utilized in full as a result of such Borrowings, the remaining Term Loan Commitments shall terminate on the date of such second Borrowing after the Initial Funding Date, immediately after giving effect to such Borrowing. 

(b) Upon at least three (3) Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) to the
Administrative Agent, the Borrower may reduce the then unused Term Loan Commitments in part or terminate the then unused Term Loan Commitments in whole; 

  
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provided, that (i) any partial reduction shall apply to reduce proportionately and permanently the Term Loan Commitment of each Lender and (ii) any partial reduction pursuant to
this Section 2.5 shall be in an amount of at least $5,000,000 and any larger multiple of $1,000,000. Each notice delivered by the Borrower pursuant to this Section 2.5 shall be irrevocable; provided that, any such
notice may state that such notice is conditioned upon the effectiveness of other credit facilities or any incurrence or issuance of debt or equity or the occurrence of any other transaction, in which case such notice may be revoked by the Borrower
(by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. 
 (c)
With the written approval of the Administrative Agent, the Borrower may terminate (on a non-ratable basis) the unused amount of the Term Loan Commitment of a Defaulting Lender, and in such event the provisions of Section 2.20 will apply
to all amounts thereafter paid by the Borrower for the account of any such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity or other amounts), provided that such termination will not be deemed
to be a waiver or release of any claim the Borrower, the Administrative Agent or any Lender may have against such Defaulting Lender. 
 Section 2.6. Repayment of Term Loans. The outstanding principal amount of all Term Loans shall be due and payable (together with accrued and unpaid interest thereon) on the Maturity
Date. 
 Section 2.7. Evidence of Indebtedness. 

(a) Each Lender shall maintain in accordance with its usual practice appropriate records evidencing the Indebtedness of the Borrower to
such Lender resulting from each Term Loan made by such Lender from time to time, including the amounts of principal and interest payable thereon and paid to such Lender from time to time under this Agreement. The Administrative Agent shall maintain
appropriate records in which shall be recorded (i) the Term Loan Commitment of each Lender, (ii) the amount of each Term Loan made hereunder by each Lender, the Type thereof and the Interest Period, if any, applicable thereto,
(iii) the date of each continuation thereof pursuant to Section 2.4, (iv) the date of each conversion of all or a portion thereof to another Type pursuant to Section 2.4, (v) the date and amount of any
principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder in respect of such Term Loans and (vi) both the date and amount of any sum received by the Administrative Agent hereunder from the
Borrower in respect of the Term Loans and each Lender’s Pro Rata Share thereof. The entries made in such records shall be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded;
provided, that the failure or delay of any Lender or the Administrative Agent in maintaining or making entries into any such record or any error therein shall not in any manner affect the obligation of the Borrower to repay the Term Loans
(both principal and unpaid accrued interest) of such Lender in accordance with the terms of this Agreement. 
 (b) At the request
of any Lender at any time, the Borrower agrees that it will execute and deliver to such Lender a Term Note, payable to the order of such Lender. 
 Section 2.8. Optional Prepayments. 
 The Borrower shall have the
right at any time and from time to time to prepay any Borrowing, in whole or in part, without premium or penalty, by giving written notice (or telephonic notice promptly confirmed in writing) to the Administrative Agent no later than (i) in the
case of any prepayment of any Eurodollar Rate Borrowing, 12:00 noon (New York, New York time) not less than three (3) Business Days prior to any such prepayment and (ii) in the case of any prepayment of any Base Rate Borrowing, not less
than one (1) Business Day prior to the date of such prepayment. Each such notice shall be 

  
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irrevocable and shall specify the proposed date of such prepayment and the principal amount of each Borrowing or portion thereof to be prepaid; provided that any such notice may state that
such notice is conditioned upon the effectiveness of other credit facilities or any incurrence or issuance of debt or equity or the occurrence of any other transaction, in which case such notice may be revoked by the Borrower (by notice to the
Administrative Agent on or prior to the specified effective date) if such condition is not satisfied (it being understood that the Borrower shall be required to pay any amounts required pursuant to Section 2.15 in any such event). Upon
receipt of any such notice, the Administrative Agent shall promptly notify each affected Lender of the contents thereof and of such Lender’s Pro Rata Share of any such prepayment. If such notice is given, the aggregate amount specified in such
notice shall be due and payable on the date designated in such notice, together with accrued interest to such date on the amount so prepaid in accordance with Section 2.10; provided, that if a Eurodollar Rate Borrowing is prepaid
on a date other than the last day of an Interest Period applicable thereto, the Borrower shall also pay all amounts required pursuant to Section 2.15. Each partial prepayment of any Term Loan shall be in an amount that would be permitted
in the case of an advance of a Borrowing of the same Type pursuant to Section 2.2. Each prepayment of a Borrowing shall be applied ratably to the Term Loans comprising such Borrowing. 

Section 2.9. Mandatory Prepayments. 
 (a) The Borrower shall prepay the Term Loans held by the Lenders electing to receive a prepayment of the Term Loans from the proceeds of any sale or disposition by the Borrower or such Subsidiary of any
of the Collateral (excluding (i) sales of inventory in the ordinary course of business, (ii) Designated Asset Sales and (iii) sales or dispositions among the Borrower and its Subsidiaries), to the extent required under this
Section 2.9(a). To the extent that the Borrower or any of its Subsidiaries applies the cash proceeds from such asset sale (or a portion thereof) (net of commissions and other reasonable and customary transaction costs, fees, reserves and
expenses properly attributable to such transaction and payable by such Borrower in connection therewith (in each case, if paid to an Affiliate, subject to Section 7.7) or under the clauses first and second of Section 2.9(b))
within 300 days of receipt of such net cash proceeds to purchase replacement or other fixed assets for use in the operations of the Borrower or any of its Subsidiaries, then no prepayment shall be required in respect of the net cash proceeds (or
portion thereof so applied) from such asset sale. In the event that the Borrower or any of its Subsidiaries has not applied the cash proceeds from such asset sale in accordance with the preceding sentence (the amount of such unapplied cash proceeds
being the “Excess Proceeds”), the Borrower shall, within 10 days after the end of the applicable 300-day period, make an offer (i) to each Lender to prepay the Term Loans of such Lender and (ii) to the extent the Existing
Credit Agreement is then in effect, to each lender party to the Existing Credit Agreement (the “Existing Credit Facility Term Loan Lenders”) to prepay the Existing Credit Facility Term Loans, on a pro rata basis based on the
principal amount of the Term Loans and the Existing Credit Facility Term Loans then outstanding, in an aggregate principal amount for all the Lenders and Existing Credit Facility Term Loan Lenders equal to the amount of such Excess Proceeds. Each
such prepayment offer shall be in writing and shall specify the aggregate amount of Excess Proceeds. Each Lender electing to receive such prepayment shall notify the Borrower of its election in writing within 5 days after its receipt of
Borrower’s prepayment offer. The Borrower shall pay each Lender and each Existing Credit Facility Term Loan Lender that has accepted such offer of prepayment its pro rata share of such Excess Proceeds on the 20th day after the end of the
applicable 300-day period. In the event that any Lender or any Existing Credit Facility Term Loan Lender elects not to receive a prepayment so offered by the Borrower, the Borrower or applicable Subsidiary shall retain such net proceeds that were
offered to such non-electing Lender or non-electing Existing Credit Facility Term Loan Lender, as applicable. Any prepayment made on account of the Term Loans pursuant to this paragraph (a) shall be applied in accordance with paragraph
(b) below. 

  
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 (b) Any prepayments made by the Borrower pursuant to Sections 2.9(a) above shall be
applied as follows: first, to Administrative Agent’s fees and reimbursable expenses then due and payable pursuant to any of the Loan Documents; second, to all other fees and reimbursable expenses of the Lenders, if any, then due
and payable pursuant to any of the Loan Documents, pro rata to the Lenders based on their respective Pro Rata Shares of such fees and expenses; third, to interest then due and payable on the Term Loans, pro rata to the applicable electing
Lenders based on their respective outstanding Term Loans; and fourth, to the principal of the Term Loans held by the applicable electing Lenders, until the same shall have been paid in full. 

Section 2.10. Interest on Term Loans. 
 (a) The Borrower shall pay interest (i) on each Base Rate Loan at the Base Rate in effect from time to time, and (ii) on each Eurodollar Rate Loan at the Eurodollar Rate for the applicable
Interest Period in effect for such Eurodollar Rate Loan, plus, in each case, the Applicable Margin in effect from time to time. 
 (b) If any payment due by the Borrower under this Agreement or the other Loan Documents is not made when due (without regard to any applicable grace period), whether at stated maturity, by acceleration or
otherwise, such owed amount shall automatically bear interest at the Default Interest rate (as provided in the immediately succeeding sentence) without further action by the Administrative Agent or the Lenders. While an Event of Default exists, then
at the option of the Required Lenders, the Borrower shall pay interest (“Default Interest”) with respect to all Eurodollar Rate Loans at the rate otherwise applicable for the then-current Interest Period, plus an additional
2% per annum until the last day of such Interest Period, and thereafter, and with respect to all Base Rate Loans and all other Obligations hereunder (other than Term Loans), at the rate in effect for Base Rate Loans, plus an additional
2% per annum. 
 (c) Interest on the principal amount of all Term Loans shall accrue from and including the date such Term
Loans are made to but excluding the date of any repayment thereof. Interest on all outstanding Base Rate Loans shall be payable quarterly in arrears on the last day of each March, June, September and December and on the Maturity Date. Interest on
all outstanding Eurodollar Rate Loans shall be payable on the last day of each Interest Period applicable thereto, and, in the case of any Eurodollar Rate Loans having an Interest Period in excess of three months, on each day which occurs every
three months after the initial date of such Interest Period, and on the Maturity Date. Interest on any Term Loan which is converted into a Term Loan of another Type or which is repaid or prepaid shall be payable on the date of such conversion or on
the date of any such repayment or prepayment (on the amount repaid or prepaid) thereof. All Default Interest shall be payable on demand. 
 (d) If, with respect to any Eurodollar Rate Loans, the Required Lenders notify the Administrative Agent that (i) they are unable to obtain matching deposits in the London inter-bank market at or
about 11:00 A.M. (London time) on the second Business Day before the making of a Borrowing in sufficient amounts to fund their respective Term Loans as a part of such Borrowing during its Interest Period or (ii) the Eurodollar Rate for any
Interest Period for such Term Loans will not adequately reflect the cost to such Required Lenders of making, funding or maintaining their respective Eurodollar Rate Loans for such Interest Period, the Administrative Agent shall forthwith so notify
the Borrower and the Lenders, whereupon (A) the Borrower will, on the last day of the then existing Interest Period therefor, either (x) prepay such Term Loans or (y) convert such Term Loans into Base Rate Loans and (B) the
obligations of the Lenders to make, or to convert Term Loans into, Eurodollar Rate Loans shall be suspended until the Administrative Agent shall notify the Borrower and the Lenders that the circumstances causing such suspension no longer exist.

  
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 (e) If the Borrower shall fail to select the duration of any Interest Period for any
Eurodollar Rate Loans in accordance with the provisions contained in the definition of “Interest Period”, the Administrative Agent will forthwith so notify the Borrower and the Lenders and such Term Loans will automatically, on the last
day of the then existing Interest Period therefor, convert into Base Rate Loans. 
 (f) On the date on which the aggregate unpaid
principal amount of Eurodollar Rate Loans comprising any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than the minimum borrowing amounts allowed for in Section 2.2, such Term Loans shall automatically
convert into Base Rate Loans. 
 (g) Upon the occurrence and during the continuance of any Event of Default, (i) each
Eurodollar Rate Loan will automatically, on the last day of the then existing Interest Period therefor, be converted into Base Rate Loans and (ii) the obligation of the Lenders to make, or to convert Term Loans into, Eurodollar Rate Loans shall
be suspended. 
 Section 2.11. Fees. 
 (a) The Borrower shall pay to the Administrative Agent for its own account fees in the amounts and at the times previously agreed upon in writing by the Borrower and the Administrative Agent. 

(b) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee, which shall accrue at the
Applicable Percentage per annum (determined daily in accordance with Schedule I) on the daily amount of the unused Term Loan Commitment of such Lender from the Closing Date until the date that the Term Loan Commitments are fully utilized or
are terminated in accordance herewith. The commitment fee shall be payable quarterly in arrears on the last day of each March, June, September and December, commencing on December 31, 2012, and on the date that Term Loan Commitments are fully
utilized or are terminated. 
 Section 2.12. Computation of Interest and Fees. All computations of interest
and fees hereunder shall be made on the basis of a year of 365 days (or 366 days in a leap year), except that interest on Eurodollar Rate Loans and amounts determined by reference to the Federal Funds Rate shall be calculated on the basis of a
360-day year, and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day) during the period for which such interest or fees are payable. Each determination by the Administrative Agent
of an interest amount or fee hereunder shall be made in good faith and, except for manifest error, shall be final, conclusive and binding for all purposes. 
 Section 2.13. Illegality. If any Change in Law shall make it unlawful or impossible for any Lender to make, maintain or fund any Eurodollar Rate Loan and such Lender shall so notify the
Administrative Agent, the Administrative Agent shall promptly give notice thereof to the Borrower and the other Lenders, whereupon until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such
suspension no longer exist, the obligation of such Lender to make Eurodollar Rate Loans, or to continue or convert outstanding Term Loans as or into Eurodollar Rate Loans, shall be suspended. In the case of the making of a Eurodollar Rate Borrowing,
such Lender’s Term Loan shall be made as a Base Rate Loan as part of the same Borrowing for the same Interest Period and if the affected Eurodollar Rate Loan is then outstanding, such Term Loan shall be converted to a Base Rate Loan either
(i) on the last day of the then current Interest Period applicable to such Eurodollar Rate Loan if such Lender may lawfully continue to maintain such Eurodollar Rate Loan to such date or (ii) immediately if such Lender shall determine that
it may not lawfully continue to maintain such Eurodollar Rate Loan to such date. Notwithstanding the foregoing, the affected Lender shall, prior to giving such notice to the Administrative Agent, designate a different Applicable Lending Office if
such designation would avoid the need for giving such notice and if such designation would not otherwise be disadvantageous to such Lender in the good faith exercise of its discretion. 

  
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 Section 2.14. Increased Costs. 

(a) If any Change in Law shall: 
 (i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender (except any such reserve
requirement reflected in the Eurodollar Rate); or 
 (ii) impose on any Lender or the eurodollar interbank market any other
condition affecting this Agreement or any Eurodollar Rate Loans made by such Lender; 
 and the result of either of the
foregoing is to increase materially the cost to such Lender of making, converting into, continuing or maintaining a Eurodollar Rate Loan or to reduce the amount received or receivable by such Lender hereunder (whether of principal, interest or any
other amount), then the Borrower shall promptly pay, upon written notice from and demand (specifying the basis therefor and the computation with respect thereto) by such Lender on the Borrower (with a copy of such notice and demand to the
Administrative Agent), to the Administrative Agent for the account of such Lender within ten (10) Business Days after the date of such notice and demand, additional amount or amounts sufficient to compensate such Lender for such additional
costs incurred or reduction suffered. 
 (b) If any Lender shall have reasonably determined that on or after the date of this
Agreement any Change in Law regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s capital (or on the capital of such Lender’s parent corporation) as a consequence of its obligations
hereunder to a level below that which such Lender or such Lender’s parent corporation could have achieved but for such Change in Law (taking into consideration such Lender’s policies or the policies of such Lender’s parent corporation
with respect to capital adequacy) then, from time to time, within ten (10) Business Days after receipt by the Borrower of written notice from and demand by such Lender (with a copy thereof to the Administrative Agent), the Borrower shall pay to
such Lender such additional amounts as will compensate such Lender or such Lender’s parent corporation for any such reduction suffered. 
 (c) A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or such Lender’s parent corporation, as the case may be, specified in paragraph (a) or
(b) of this Section 2.14 shall be delivered to the Borrower (with a copy to the Administrative Agent) and shall be prima facie evidence of the correctness thereof. 

(d) If any Lender makes such a claim for compensation under this Section, it shall provide to the Borrower a certificate executed by an
officer of such Person setting forth the amount of such loss, cost or expense in reasonable detail (including an explanation of the basis for and the computation of such loss, cost or expense) no later than one hundred and twenty (120) days
after the event giving rise to the claim for compensation. In any event, the Borrower shall not have any obligation to pay any amount with respect to claims accruing prior to the 120th day preceding such written demand. 

Section 2.15. Funding Indemnity. In the event of (a) the payment of any principal of a Eurodollar Rate Loan other
than on the last day of the Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion or continuation of a Eurodollar Rate Loan other than on the last day of the Interest Period applicable thereto, or
(c) the failure by the Borrower to borrow, prepay, convert or continue any Eurodollar Rate Loan on the date specified in any applicable notice (regardless of 

  
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whether such notice is withdrawn or revoked), then, in any such event, the Borrower shall compensate each Lender, within ten (10) Business Days after written demand from such Lender, for any
loss, cost or expense attributable to such event. Such loss, cost or expense shall be deemed to include an amount determined by such Lender to be the excess, if any, of (A) the amount of interest that would have accrued on the principal amount
of such Eurodollar Rate Loan if such event had not occurred at the Eurodollar Rate applicable to such Eurodollar Rate Loan for the period from the date of such event to the last day of the then current Interest Period therefor (or in the case of a
failure to borrow, convert or continue, for the period that would have been the Interest Period for such Eurodollar Rate Loan) over (B) the amount of interest that would accrue on the principal amount of such Eurodollar Rate Loan for the same
period if the Eurodollar Rate were set on the date such Eurodollar Rate Loan was prepaid or converted or the date on which the Borrower failed to borrow, convert or continue such Eurodollar Rate Loan. If any Lender makes such a claim for
compensation under this Section, it shall provide to the Borrower a certificate executed by an officer of such Person setting forth the amount of such loss, cost or expense in reasonable detail (including an explanation of the basis for and the
computation of such loss, cost or expense) no later than one hundred and twenty (120) days after the event giving rise to the claim for compensation. In any event, the Borrower shall not have any obligation to pay any amount with respect to
claims accruing prior to the 120th day preceding such written demand. 
 Section 2.16. Taxes. 

(a) Any and all payments by or on account of any obligation of the Borrower hereunder shall be made free and clear of and without
deduction for any Indemnified Taxes or Other Taxes; provided, that if the Borrower shall be required to deduct any Indemnified Taxes or 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 2.16) the Administrative Agent or any Lender (as the case may be) shall receive an amount equal to the sum it would have
received had no such deductions for Indemnified Taxes or Other Taxes been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall pay the full amount deducted to the relevant Governmental Authority in accordance
with applicable law. 
 (b) In addition, the Borrower shall pay any Other Taxes to the relevant Governmental Authority in
accordance with applicable law. 
 (c) The Borrower shall indemnify the Administrative Agent and each Lender, within ten
(10) Business Days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes imposed or asserted by a Governmental Authority and paid by the Administrative Agent or such Lender, as the case may be, on or with
respect to any payment by or on account of any obligation of the Borrower hereunder (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section 2.16) 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 the Borrower by a Lender, or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 

(d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority under
Section 2.16(a) or (b), the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such
payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

  
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 (e) Any Lender that is entitled to an exemption from or reduction of withholding tax under
the Code or any treaty to which the United States is a party, with respect to payments under this Agreement shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law, such properly
completed and executed documentation prescribed by applicable law or reasonably requested by the Borrower as will permit such payments to be made without withholding or at a reduced rate. Without limiting the generality of the foregoing,
(1) each Foreign Lender agrees that it will deliver to the Administrative Agent and the Borrower (or in the case of a Participant, to the Lender from which the related participation shall have been purchased), as appropriate, two (2) duly
completed copies of (i) Internal Revenue Service Form W-8ECI, or any successor form thereto, certifying that the payments received from the Borrower hereunder are effectively connected with such Foreign Lender’s conduct of a trade or
business in the United States; or (ii) Internal Revenue Service Form W-8BEN, or any successor form thereto, certifying that such Foreign Lender is entitled to benefits under an income tax treaty to which the United States is a party which
reduces the rate of withholding tax on payments of interest; or (iii) Internal Revenue Service Form W-8BEN, or any successor form prescribed by the Internal Revenue Service, together with a certificate (A) establishing that the payment to
the Foreign Lender qualifies as “portfolio interest” exempt from U.S. withholding tax under Code section 871(h) or 881(c), and (B) stating that (1) the Foreign Lender is not a bank for purposes of Code section 881(c)(3)(A), or
the obligation of the Borrower hereunder is not, with respect to such Foreign Lender, a loan agreement entered into in the ordinary course of its trade or business, within the meaning of that section; (2) the Foreign Lender is not a 10%
shareholder of the Borrower within the meaning of Code section 871(h)(3) or 881(c)(3)(B); and (3) the Foreign Lender is not a controlled foreign corporation that is related to the Borrower within the meaning of Code section 881(c)(3)(C); or
(iv) such other Internal Revenue Service forms as may be applicable to the Foreign Lender, including Forms W-8 IMY or W-8 EXP and (2) each Lender further agrees that, if a payment made to a Lender under any Loan Document would be subject
to U.S. federal withholding tax imposed by FATCA (which, solely for purposes of this paragraph (e), shall include any amendments made to FATCA after the date of this Agreement) if such Lender were to fail to comply with the applicable reporting
requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times
reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the
Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to
determine the amount to deduct and withhold from such payment, and (3) each Lender that is not a Foreign Lender agrees that it shall deliver to the Administrative Agent and the Borrower (or in the case of a Participant, to the Lender from which
the related participation shall have been purchased), on or before the date that it becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), duly completed copies
of Internal Revenue Service Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax. Each such Lender shall deliver to the Borrower and the Administrative Agent such forms on or before the date that it becomes a party
to this Agreement (or in the case of a Participant, on or before the date such Participant purchases the related participation). In addition, each such Lender shall deliver such forms promptly upon the obsolescence or invalidity of any form
previously delivered by such Lender. Each such Lender shall promptly notify the Borrower and the Administrative Agent at any time that it determines that it is no longer in a position to provide any previously delivered certificate to the Borrower
(or any other form of certification adopted by the Internal Revenue Service for such purpose). If any Lender or the Administrative Agent becomes aware that it has received a refund of any Indemnified Tax or any Other Tax with respect to which the
Borrower has paid any amount pursuant to this Section 2.16, such Lender or the Administrative Agent shall pay the amount of such refund (including any interest received with respect thereto) to the Borrower within fifteen (15) days
after receipt thereof. A Lender or the Administrative Agent shall provide, at the sole cost and 

  
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 expense of the Borrower, such assistance as the Borrower may reasonably request in order to
obtain such a refund; provided, however, that neither the Administrative Agent nor any Lender shall in any event be required to disclose any information to the Borrower with respect to the overall tax position of the Administrative
Agent or such Lender. 
 Section 2.17. Payments Generally; Pro Rata Treatment; Sharing of Set-offs.

 (a) The Borrower shall make each payment required to be made by it hereunder prior to 1:00 p.m. (New York, New York time) on
the date when due, in immediately available funds, free and clear of any defenses, rights of set-off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been
received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at the Payment Office, except that payments pursuant to Sections 2.14, 2.15 and
2.16 and 10.3 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following
receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be
payable for the period of such extension. 
 (b) All payments of Obligations shall be made in Dollars. 

(c) If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal,
interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, and other amounts not required to be applied in another manner ratably among the parties entitled
thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of
principal then due to such parties. 
 (d) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Term Loans or fees that would result in such Lender receiving payment of a greater proportion of the aggregate amount of its Term Loans and accrued interest thereon or fees than
the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Term Loans of other Lenders to the extent necessary so that the benefit of all such payments
shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Term Loans; provided, that (i) if any such participations are purchased and all or any portion of the
payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any
payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Term Loans to any assignee or
participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable
law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the
Borrower in the amount of such participation. 
 (e) Unless the Administrative Agent shall have received notice from the Borrower
prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the

  
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Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders the amount or amounts due. In such event, if the Borrower
has not in fact made such payment, then each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender with interest thereon, for each day from and including the date such
amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation. 
 (f) If any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.3(a), 2.17(d) or 10.3(d), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of
such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 
 Section 2.18. Mitigation of Obligations. If any Lender requests compensation under Section 2.14, or if the Borrower is required to pay any additional amount to any Lender or
any Governmental Authority for the account of any Lender pursuant to Section 2.16, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Term Loans hereunder or to assign its
rights and obligations hereunder to another of its offices, branches or affiliates, if, in the sole judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable under Section 2.14 or
Section 2.16, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable
costs and expenses incurred by any Lender in connection with such designation or assignment. 
 Section 2.19.
Replacement of Lenders. If (a) any Lender has demanded compensation or additional interest or given notice of its intention to demand compensation or additional interest under Section 2.14 or 2.16, (b) the
Borrower is required to pay any additional amount to any Lender under Section 2.15, (c) any Lender is unable to submit any form or certificate required under Section 2.16 or withdraws or cancels any previously submitted
form with no substitution therefor, (d) any Lender gives notice of any Change in Law pursuant to Section 2.13, (e) any Lender has been declared insolvent or a receiver or conservator has been appointed for a material portion of
its assets, business or properties, (f) any Lender shall seek to avoid its obligation to make or maintain Term Loans hereunder for any reason, including, without limitation, reliance upon 12 U.S.C. § 1821(e) or (n) (1) (B),
(g) any taxes referred to in Section 2.16 have been levied or imposed (or the Borrower determines in good faith that there is a substantial likelihood that such taxes will be levied or imposed) so as to require withholding or
deductions by the Borrower or payment by the Borrower of additional amounts to any Lender, or other reimbursement or indemnification of any Lender, as a result thereof, (h) any Lender shall decline to consent to a modification or waiver of the
terms of this Agreement or any other Loan Documents requested by the Borrower or (i) if any Lender is a Defaulting Lender, then and in such event, upon request from the Borrower delivered to such Lender and the Administrative Agent, such Lender
shall assign, in accordance with the provisions of Section 10.4 and an appropriately completed Assignment and Acceptance, all of its rights and obligations under the Loan Documents to another Lender or a commercial banking institution
selected by the Borrower and (in the case of a commercial banking institution) reasonably satisfactory to the Administrative Agent, in consideration for the payments set forth in such Assignment and Acceptance and payment by the Borrower to such
Lender of all other amounts which such Lender may be owed pursuant to this Agreement, including, without limitation, Sections 2.13, 2.14, 2.15 or 2.16. 

  
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 Section 2.20. Defaulting Lenders. 

(a) If any Lender becomes, and during the period it remains, a Defaulting Lender, the following provisions shall apply, notwithstanding
anything to the contrary in this Agreement: 
 (1) with the written approval of the Administrative Agent, the
Borrower may terminate (on a non-ratable basis) the unused amount of the Term Loan Commitment of a Defaulting Lender, provided that such termination will not be deemed to be a waiver or release of any claim the Borrower, the Administrative
Agent or any Lender may have against such Defaulting Lender; 
 (2) such Defaulting Lender will not be entitled
to any commitment fee accruing with respect to its Term Loan Commitment during such period pursuant to Section 2.11(b) (without prejudice to the rights of the Lenders other than Defaulting Lenders in respect of such fees); and

 (3) the Borrower may, at its sole expense and effort, upon notice to such Defaulting Lender and the
Administrative Agent, require such Defaulting Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions set forth in Section 10.4(b)) all its interests, rights and obligations under this
Agreement to an assignee that shall assume such obligations (which assignee may be another Lender); provided, that (i) if the new Lender is not a Lender or an Affiliate of a Lender that is not a Defaulting Lender, the Borrower shall have
received the prior written consent of the Administrative Agent, which consent shall not be unreasonably withheld or delayed, (ii) such Defaulting Lender shall have received payment of an amount equal to the outstanding principal amount of all
Term Loans owed to it, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (in the case of such outstanding principal and accrued interest) and from the Borrower (in the case of all other amounts).

 (b) If the Borrower and the Administrative Agent agree in writing in their discretion that any Defaulting Lender has ceased to
be a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, such Lender will cease to be a Defaulting Lender and
will be a Non-Defaulting Lender; provided, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Non-Defaulting Lender will constitute a waiver or release of any claim of
any party hereunder arising from such Lender’s having been a Defaulting Lender. 
 Section 2.21. Release of
Collateral. Notwithstanding anything to the contrary contained in this Agreement, the Security Documents, any Loan Document or any other document executed in connection herewith, upon the occurrence of an Investment Grade Rating Event, all
Collateral and the Security Documents shall be released automatically without any further action. In connection with the foregoing, the Administrative Agent shall, at the Borrower’s expense, promptly execute and file in the appropriate
locations and deliver to the Borrower or the Borrower’s designee such termination and full or partial release statements or confirmations thereof, as applicable, and do such other things as are necessary to release the liens to be released
pursuant hereto promptly upon the effectiveness of any such release. Upon the occurrence of an Investment Grade Rating Event, the Administrative Agent authorizes the Borrower and each Guarantor to execute, deliver and record in its name and stead
any such releases or statements as may be necessary to evidence or confirm such release or discharge. 

  
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 ARTICLE III 

CONDITIONS PRECEDENT TO EFFECTIVENESS AND FUNDING OF TERM LOANS 

Section 3.1. Conditions To Effectiveness. This Agreement and the rights and obligations of the parties hereto shall
not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 10.2): 
 (a) The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Closing Date, including reimbursement or payment of all reasonable out-of-pocket expenses
(including reasonable fees, charges and disbursements of counsel to the Administrative Agent) required to be reimbursed or paid by the Borrower hereunder, under any other Loan Document and under any agreement with the Administrative Agent or
SunTrust Robinson Humphrey, Inc., as sole lead arranger, for which invoices (including estimated expenses) have been presented to the Borrower no later than 2 days before the Closing Date. 

(b) The Administrative Agent (or its counsel) shall have received the following: 

(i) a counterpart of this Agreement signed by or on behalf of each party hereto; 

(ii) duly executed Term Notes payable to those Lenders requesting the same; 

(iii) a counterpart of the Intercreditor Agreement signed by or on behalf of each party thereto; 

(iv) the Subsidiary Guaranty Agreement duly executed by each Guarantor; 

(v) the Pledge Agreement duly executed by the Borrower and each Guarantor party thereto, together with (i) original
stock certificates evidencing the issued and outstanding shares of Capital Stock pledged to the Administrative Agent pursuant to the Pledge Agreement, and (ii) stock powers or other appropriate instruments of transfer executed in blank;

 (vi) the Security Agreement duly executed by the Borrower and each Guarantor, together with (i) UCC
financing statements and other applicable documents under the laws of the jurisdictions with respect to the perfection of the Liens granted under the Security Agreement, as required in order to perfect such Liens if not previously recorded,
(ii) copies of UCC, tax, and judgment search reports in all necessary or appropriate jurisdictions and under all legal and trade names of the Loan Parties requested by the Lenders, indicating that there are no prior Liens on any of the
Collateral other than Permitted Liens, (iii) a Perfection Certificate duly completed and executed by the Loan Parties, and (iv) if the Borrower or any Guarantor owns material Intellectual Property, (A) if such Intellectual Property
consists of Copyrights, a Copyright Security Agreement, (B) if such Intellectual Property consists of Patents, a Patent Security Agreement and (C) if such Intellectual Property consists of Trademarks, a Trademark Security Agreement, in
each case duly executed by the Loan Party that owns such material Intellectual Property; 
 (vii) certificates of
insurance issued by Borrower’s broker on behalf of insurers of the Borrower and all Subsidiaries, describing in reasonable detail the types and amounts of insurance (property and liability, and flood insurance where applicable) maintained by
the Borrower and all Subsidiaries, naming the Administrative Agent as additional insured and/or loss payee, as appropriate; 

  
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 (viii) receipt and review, reasonably satisfactory to the Lenders of
(i) the annual audited consolidated financial statements of the Borrower and its Subsidiaries for the Fiscal Year ended March 31, 2012, including the balance sheet, income statement and cash flow statement, audited by independent public
accountants of recognized national standing and prepared in conformity with GAAP, (ii) the consolidated financial statements of Borrower and its Subsidiaries for the Fiscal Quarter ended June 30, 2012 and (iii) such other financial
information with respect to the Borrower or its Subsidiaries as the Administrative Agent may reasonably request; 

(ix) a certificate of the Secretary or Assistant Secretary of each Loan Party attaching and certifying copies of its
bylaws and of the resolutions of its board of directors, or partnership agreement or limited liability company agreement, or comparable organizational documents and authorizations, authorizing the execution and delivery of the Loan Documents to
which it is a party and performance of its obligations thereunder and certifying the name, title and true signature of each officer of such Loan Party executing the Loan Documents to which it is a party; 

(x) to the extent not delivered under clause (ix) above, certified copies of the articles or certificate of
incorporation, certificate of organization or limited partnership, or other registered organizational documents of each Loan Party, together with certificates of good standing or existence, as may be available from the Secretary of State of the
jurisdiction of organization of such Loan Party and each other jurisdiction where such Loan Party is required to be qualified to do business as a foreign corporation where the failure to be so qualified could reasonably be expected to have a
Material Adverse Effect; 
 (xi) a favorable written opinion of Baker Botts L.L.P. and of local counsel to the
Loan Parties, addressed to the Administrative Agent and each of the Lenders, and covering such matters relating to the Loan Parties, the Loan Documents and the transactions contemplated therein as the Administrative Agent shall reasonably request,
including, without limitation, a no conflicts opinion with respect to other material agreements; 
 (xii)
evidence reasonably satisfactory to the Administrative Agent as to the absence of any default or event of default existing under the 2017 Senior Notes or the 2038 Senior Convertible Notes; 

(xiii) a certificate dated the Closing Date and signed by a Responsible Officer, certifying that (x) no Default or
Event of Default exists (provided, that if the Closing Date is to be the same date as the Initial Funding Date, such certification shall be the certification required by Section 3.2(b)(iii)(x)); (y) all representations and
warranties of each Loan Party set forth in the Loan Documents are true and correct in all material respects on and as of the Closing Date, except to the extent such representations and warranties are limited to an earlier date, in which case they
are true and correct in all material respects as of such earlier date (provided, that if the Closing Date is to be the same date as the Initial Funding Date, such certification shall be the certification required by
Section 3.2(b)(iii)(y)); and (z) since the date of the financial statements of the Borrower described in Section 4.4, there shall have been no change which has had or could reasonably be expected to have a Material
Adverse Effect; 
 (xiv) a certificate dated the Closing Date and signed by a Responsible Officer, attaching a
copy of the fully executed Existing Credit Agreement Second Amendment and certifying that such copy is complete and correct and that the Existing Credit Agreement Second Amendment is in full force and effect; 

  
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 (xv) certified copies of all consents, approvals, authorizations,
registrations and filings and orders required to be made or obtained under any Requirement of Law, or by any Contractual Obligation of each Loan Party, in connection with the execution, delivery, performance, validity and enforceability of the Loan
Documents or any of the transactions contemplated thereby, and such consents, approvals, authorizations, registrations, filings and orders shall be in full force and effect and all applicable waiting periods shall have expired, and no investigation
or inquiry by any Governmental Authority regarding the Term Loan Commitments or any transaction being financed with the proceeds thereof shall be ongoing; 
 (xvi) a duly completed and executed certificate of the chief financial officer, treasurer or controller of the Borrower containing calculations of the financial covenants set forth in Article VI
hereof as of June 30, 2012; and 
 (xvii) a CUSIP number from S&P’s CUSIP Service Bureau for the
Term Loans. 
 (c) No action, suit, investigation or proceeding shall be pending or threatened in any court or before any
arbitrator or Governmental Authority that could reasonably be expected to have a Material Adverse Effect. 

Section 3.2. Conditions To the Making of Term Loans on the Initial Funding Date. The obligations of the Lenders to
make Term Loans on the Initial Funding Date shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 10.2): 

(a) Substantially simultaneously with the making of the Term Loans on the Initial Funding Date, the CHI Investment shall be consummated in
accordance with applicable laws and the share and asset purchase agreement governing the CHI Investment (it being understood that to the extent that the share and asset purchase agreement requires all or any portion of the consideration in respect
of the CHI Investment to be funded into escrow, if such amount is paid into an escrow account in accordance with such requirement, this condition will be satisfied); and 
 (b) The Administrative Agent (or its counsel) shall have received the following: 
 (i) a certificate dated the Initial Funding Date and signed by a Responsible Officer, attaching a copy of the executed share and asset purchase agreement governing the CHI Investment, together with all
schedules and exhibits and any amendments thereto, and certifying that such copies are complete and correct; 

(ii) copies of the financial statements, if any, for CHI delivered to the Borrower in connection with the CHI Investment;

 (iii) a certificate dated the Initial Funding Date and signed by a Responsible Officer, certifying that
(x) no Default or Event of Default exists, other than any Default or Event of Default arising as a result of any representation, warranty or statement made or deemed made by or on behalf of the Borrower or any Subsidiary in or in connection
with this Agreement or any other Loan Document (except for the representations and warranties contained in Sections 4.1, 4.2, 4.3(b), 4.3(c), 4.7, 4.9 and 4.15 of this Agreement) being incorrect in
any material respect when made or deemed made or submitted and (y) the representations and warranties of each Loan Party contained in Sections 4.1, 4.2, 4.3(b), 4.3(c), 4.7, 4.9 and 4.15 of this
Agreement are true and correct in all material respects on and as of the Initial Funding Date, except to the extent such representations and warranties are limited to an earlier date, in which case they are true and correct in all material respects
as of such earlier date; 

  
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 (iv) a duly executed Notice of Borrowing; and 

(v) if applicable, a duly executed funds disbursement agreement, together with a report setting forth the sources and uses
of the proceeds of the Term Loans made on the Initial Funding Date. 
 Notwithstanding anything in this Agreement, the Fee
Letter or any other Loan Document to the contrary, the only representations and warranties of the Borrower the making of which shall be a condition to availability of the Term Loans to be made on the Initial Funding Date shall be those contained in
Sections 4.1, 4.2, 4.3(b), 4.3(c), 4.7, 4.9 and 4.15 of this Agreement. 

Section 3.3. Conditions To the Making of Term Loans After the Initial Funding Date. The obligation of each Lender to
make a Term Loan on the occasion of any Borrowing after the Initial Funding Date is subject to the satisfaction of the following conditions: 
 (a) at the time of and immediately after giving effect to such Borrowing, no Default or Event of Default shall exist; 
 (b) as of the date of such Borrowing, all representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all material respects on and as of the date of such
Borrowing, in each case before and after giving effect thereto, except to the extent limited to an earlier date, and then, as of such earlier date; 
 (c) since the date of the financial statements of the Borrower described in Section 4.4, there shall have been no change which has had or could reasonably be expected to have a Material
Adverse Effect; and 
 (d) the Borrower shall have delivered the required Notice of Borrowing. 

Each Borrowing shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters
specified in paragraphs (a), (b) and (c) of this Section 3.3. 
 Section 3.4. Delivery of
Documents. All of the Loan Documents, certificates, legal opinions and other documents referred to in Section 3.1, unless otherwise specified, shall be delivered to the Administrative Agent or the Administrative Agent for the
account of each of the Lenders and, except for the Term Notes, in sufficient counterparts or copies for each of the Lenders and shall be in form and substance satisfactory in all respects to the Administrative Agent. 

ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 The Borrower represents and
warrants to the Administrative Agent and each Lender as follows: 
 Section 4.1. Existence; Power. Each of
the Borrower and its Subsidiaries (i) is duly organized, validly existing and in good standing as a corporation, partnership or limited liability company under the laws of the jurisdiction of its organization, (ii) has all requisite power
and authority to carry on its business as now conducted, and (iii) is duly qualified to do business, and is in good standing, in each jurisdiction where such qualification is required, in each case, except where a failure to be so qualified
could not reasonably be expected to result in a Material Adverse Effect. 

  
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 Section 4.2. Organizational Power; Authorization. The execution, delivery
and performance by each Loan Party of the Loan Documents to which it is a party are within such Loan Party’s organizational powers and have been duly authorized by all necessary organizational, and if required, shareholder, partner or member,
action, as the case may be. This Agreement has been duly executed and delivered by the Borrower, and constitutes, and each other Loan Document to which any Loan Party is a party, when executed and delivered by such Loan Party, will constitute, valid
and binding obligations of the Borrower or such Loan Party (as the case may be), enforceable against it in accordance with their respective terms, except as may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, or similar
laws affecting the enforcement of creditors’ rights generally and by general principles of equity. 
 Section 4.3.
Governmental Approvals; No Conflicts. The execution, delivery and performance by the Borrower of this Agreement, and by each Loan Party of the other Loan Documents to which it is a party (a) do not require any consent or approval of,
registration or filing with, or any action by, any Governmental Authority, except those as have been obtained or made and are in full force and effect, (b) will not violate any Requirements of Law applicable to the Borrower or any of its
Subsidiaries or any judgment, order or ruling of any Governmental Authority, (c) will not violate or result in a default under the Indenture or any other indenture, material agreement or other material instrument binding on the Borrower or any
of its Subsidiaries or any of its assets or give rise to a right thereunder to require any payment to be made by the Borrower or any of its Subsidiaries and (d) will not result in the creation or imposition of any Lien on any asset of the
Borrower or any of its Subsidiaries prohibited hereunder. 
 Section 4.4. Financial Statements. The audited
consolidated balance sheet of the Borrower and its Subsidiaries as of March 31, 2012 and the related consolidated statements of income, shareholders’ equity and cash flows for the Fiscal Year then ended fairly present in all material
respects the consolidated financial condition of the Borrower and its Subsidiaries as of such dates and the consolidated results of operations for such periods in conformity with GAAP consistently applied. Since March 31, 2012, there has been
no event with respect to the Borrower and its Subsidiaries which has had or could reasonably be expected to have a Material Adverse Effect. 
 Section 4.5. Litigation and Environmental Matters. 
 (a) No
litigation, investigation or proceeding of or before any arbitrators or Governmental Authorities is pending against or, to the knowledge of the Borrower, threatened against the Borrower or any of its Subsidiaries as to which there is a reasonable
possibility of an adverse determination that could reasonably be expected to have a Material Adverse Effect. 
 (b) Neither the
Borrower nor any of its Subsidiaries (i) has become subject to any Environmental Liability, (ii) has received notice of any claim with respect to any Environmental Liability or (iii) knows of any basis for any Environmental Liability
except, in each case, where the failure to so comply or such Environmental Liability could not reasonably be expected to have a Material Adverse Effect. 
 Section 4.6. Compliance with Laws and Agreements. The Borrower and each Subsidiary is in compliance with (a) all Requirements of Law and all judgments, decrees and orders of any
Governmental Authority and (b) all material indentures, material agreements or other material instruments binding upon it or its properties, except in each case where non-compliance could not reasonably be expected to result in a Material
Adverse Effect. 

  
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 Section 4.7. Investment Company Act, Etc. Neither the Borrower nor any of
its Subsidiaries is (a) an “investment company” or is “controlled” by an “investment company”, as such terms are defined in, or subject to regulation under, the Investment Company Act of 1940, as amended,
(b) otherwise subject to any other regulatory requirement limiting its ability to incur or guarantee Indebtedness or grant security interests in its property to secure such Indebtedness or requiring any approval or consent from or registration
or filing with, any Governmental Authority in connection therewith. 
 Section 4.8. Taxes; Fees. The Borrower
and its Subsidiaries have timely filed or caused to be filed all federal income tax returns and all other material tax returns that are required to be filed by them, and have paid all taxes shown to be due and payable on such returns or on any
assessments made against it or its property and all other taxes, fees or other charges imposed on it or any of its property by any Governmental Authority, except (a) where being contested in good faith by appropriate proceedings and subject to
maintenance of adequate reserves or (b) to the extent that the failure to file such tax returns or pay such taxes could not reasonably be expected to have a Material Adverse Effect. 

Section 4.9. Margin Regulations. None of the proceeds of any of the Term Loans will be used, directly or indirectly,
for “purchasing” or “carrying” any “margin stock” with the respective meanings of each of such terms under Regulation U of the Board of Governors of the Federal Reserve System (“Regulation U”) or for
any purpose that violates the provisions of Regulation U. Neither the Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying
“margin stock.” 
 Section 4.10. ERISA. No ERISA Event has occurred or is reasonably expected to
occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The present value of all accumulated benefit obligations under
each Plan (based on the assumptions used for purposes of Statement of Financial Standards No. 87) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair market value of the assets of such Plan,
and the present value of all accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes of Statement of Financial Standards No. 87) did not, as of the date of the most recent financial statements
reflecting such amounts, exceed the fair market value of the assets of all such underfunded Plans, except in each case where any such excess amount could not reasonably be expected to have a Material Adverse Effect. 

Section 4.11. Ownership of Property. 
 (a) Each of the Borrower and its Subsidiaries has good title to, or valid leasehold interests in, all of its real and personal property material to the operation of its business, including all such
properties reflected in the audited consolidated balance sheet of the Borrower referred to in Section 4.4 or purported to have been acquired by the Borrower or any Subsidiary after said date (except as sold or otherwise disposed of in
the ordinary course of business or permitted by the Loan Documents), in each case free and clear of Liens prohibited by this Agreement, except where such failure could not reasonably be expected to have a Material Adverse Effect. 

(b) Each of the Borrower and its Subsidiaries owns, or is licensed, or otherwise has the right, to use, free from burdensome restrictions,
all material Patents, Trademarks, Copyrights and other Intellectual Property, except where such failure could not reasonably be expected to have a Material Adverse Effect, and the use thereof by the Borrower and its Subsidiaries does not infringe on
the rights of any other Person, except where such infringement could not reasonably be expected to result in a Material Adverse Effect. 

  
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 (c) The properties of the Borrower and its Subsidiaries are insured with financially sound
and reputable insurance companies which are not Affiliates of the Borrower (other than Kingsmill Insurance Company Limited), in such amounts with such deductibles and covering such risks as are customarily carried by companies engaged in similar
businesses and owning similar properties in localities where the Borrower or any applicable Subsidiary operates. 

Section 4.12. Disclosure. The Borrower has disclosed to the Lenders all agreements, instruments, and corporate
restrictions to which the Borrower or any of its Subsidiaries is subject that could reasonably be expected to result in a Material Adverse Effect. No written information furnished by or on behalf of the Borrower to the Administrative Agent or any
Lender in connection with the negotiation or syndication of this Agreement or any other Loan Document or delivered hereunder or thereunder (as modified or supplemented by any other information so furnished) contains any material misstatement of fact
or omits to state any material fact necessary to make the statements therein, taken as a whole, in light of the circumstances under which they were made, not misleading. 
 Section 4.13. Labor Relations. There are no material labor disputes against the Borrower or any of its Subsidiaries, or, to the Borrower’s knowledge, threatened against or
affecting the Borrower or any of its Subsidiaries, and no significant claims of unfair labor practices, charges or grievances are pending against the Borrower or any of its Subsidiaries, or to the Borrower’s knowledge, threatened against any of
them before any Governmental Authority that would reasonably be expected to result in a Material Adverse Effect. 

Section 4.14. Subsidiaries. Schedule 4.14 sets forth the name of, the ownership interest of the Borrower in,
the jurisdiction of incorporation or organization of, and the type of, each Subsidiary and SPV and identifies each Subsidiary that is a Guarantor, in each case as of the Closing Date. 

Section 4.15. Insolvency. After giving effect to the execution and delivery of the Loan Documents and the making of
the Term Loans under this Agreement, the Borrower and its Subsidiaries, taken as a whole, will not be “insolvent,” within the meaning of such term as defined in § 101 of Title 11 of the United States Code, as amended from time to
time, or be unable to pay their debts generally as such debts become due, or have an unreasonably small capital to engage in any business or transaction, whether current or contemplated. 

Section 4.16. OFAC. No Loan Party (i) is a Person whose property or interest in property is blocked or subject to
blocking pursuant to Section 1 of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed. Reg. 49079 (2001)), (ii) engages
in any dealings or transactions prohibited by Section 2 of such executive order, or is otherwise associated with any such Person in any manner violative of Section 2, or (iii) is a Person on the list of Specially Designated Nationals
and Blocked Persons or subject to the limitations or prohibitions under any other U.S. Department of Treasury’s Office of Foreign Assets Control regulation or executive order. 

Section 4.17. Compliance with Patriot Act and Other Laws. Each Loan Party is in compliance, in all material respects,
with (i) the 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) the Uniting And Strengthening America By Providing Appropriate Tools Required To Intercept And Obstruct Terrorism (USA Patriot Act of 2001). No part of the proceeds of the Term Loans will be used, directly or

  
 42 

 
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 4.18. Security Documents. (a) The Pledge Agreement is effective to create in favor of the Administrative Agent, for the ratable benefit of the Secured Parties, a legal,
valid and enforceable security interest in all right, title and interest of the Loan Parties that are party thereto in the Pledged Collateral (as defined in the Pledge Agreement) and, when certificates and other instruments evidencing any portion of
such Pledged Collateral, duly indorsed in blank, are delivered to the Existing Credit Facility Administrative Agent, as bailee for the Administrative Agent in accordance with the terms of the Intercreditor Agreement, the security interest created by
the Pledge Agreement shall constitute a perfected Lien on, and security interest in all right, title and interest of the Loan Parties that are party thereto in such portion of the Pledged Collateral evidenced by certificates or other instruments, in
each case prior and superior in right to any Lien in favor of any other Person that is prohibited hereunder. 
 (b) (i) The
Security Agreement is effective to create in favor of the Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in all right, title and interest of the Loan Parties in the Collateral
(as defined in the Security Agreement) and (ii) when financing statements in appropriate form are filed in the offices specified on Schedule 2 to the Perfection Certificate, the security interest created by the Security Agreement shall
constitute a perfected Lien on, and security interest in all right, title and interest of the Loan Parties in such Collateral (other than the Intellectual Property and other than any portion of such Collateral in which a security interest cannot be
perfected by filing a financing statement under the Uniform Commercial Code as in effect at the relevant time in the relevant jurisdiction), in each case prior and superior in right to any Lien granted in favor of any Person that is prohibited
hereunder. 
 (c) When the filings in clause (b)(ii) above are made and when each Patent Security Agreement and Trademark
Security Agreement is filed in the United States Patent and Trademark Office and each Copyright Security Agreement is filed in the United States Copyright Office, the security interest created by such Patent Security Agreement, Trademark Security
Agreement or Copyright Security Agreement, as the case may be, shall constitute a perfected Lien on, and security interest in, all right, title and interest of the Loan Parties that are party thereto in the Intellectual Property described therein in
which a security interest may be perfected by filing, recording or registering a security agreement, financing statement or analogous document in the United States Patent and Trademark Office or the United States Copyright Office, as applicable, in
each case prior and superior in right to any Lien granted in favor of any Person that is prohibited hereunder. 

Section 4.19. Existing Indebtedness. Schedule 7.1 contains a complete and accurate list of all Indebtedness of
the Borrower and its Subsidiaries outstanding as of the Closing Date, in each case in a principal amount of $25,000,000 or more, and in each case showing the aggregate principal amount thereof, the name of the respective borrower and any other
entity which guaranteed such Indebtedness, and the scheduled payments of such Indebtedness. 
 ARTICLE V 

AFFIRMATIVE COVENANTS 

The Borrower covenants and agrees that so long as any Lender has a Term Loan Commitment hereunder or any Obligation remains unpaid or
outstanding: 

  
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 Section 5.1. Financial Statements and Other Information. The Borrower
will deliver to the Administrative Agent and each Lender: 
 (a) as soon as available and in any event within 90 days after the
end of each Fiscal Year of the Borrower, a copy of the annual audit report for such Fiscal Year for the Borrower and its Subsidiaries, containing a consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such Fiscal Year and
the related consolidated statements of income, stockholders’ equity and cash flows (together with all footnotes thereto) of the Borrower and its Subsidiaries for such Fiscal Year, setting forth in each case in comparative form the figures for
the previous Fiscal Year (without qualification as to scope of audit or any going concern explanation or limitation), accompanied by a certificate from the Borrower’s certified public accountant stating that such financial statements fairly
present in all material respects the financial condition and the results of operations of the Borrower and its Subsidiaries for such Fiscal Year on a consolidated basis in accordance with GAAP; 

(b) as soon as available and in any event within 45 days after the end of each Fiscal Quarter of the Borrower, an unaudited consolidated
balance sheet of the Borrower and its Subsidiaries as of the end of such Fiscal Quarter and the related unaudited consolidated statements of income and cash flows of the Borrower and its Subsidiaries for such Fiscal Quarter and the then elapsed
portion of such Fiscal Year, setting forth in each case in comparative form the figures for the corresponding quarter and the corresponding portion of Borrower’s previous Fiscal Year; 

(c) concurrently with the delivery of the financial statements referred to in clauses (a) and (b) above, a Compliance
Certificate signed by the chief financial officer, treasurer or controller of the Borrower, (i) certifying as to the accuracy of such financial statements, (ii) certifying as to whether there exists a Default or Event of Default on the
date of such certificate, and if a Default or an Event of Default exists, specifying the details thereof and the action which the Borrower has taken or proposes to take with respect thereto, (iii) setting forth in reasonable detail
calculations, made consistent with the terms of the Agreement and otherwise using customary methods, demonstrating compliance with the financial covenants and (iv) stating whether any change in the application of GAAP has occurred since the
date of the Borrower’s audited financial statements delivered in connection with the closing, and, if any change has occurred, specifying the effect of such change on the financial statements accompanying such certificate; and 

(d) promptly following any reasonable request therefor, such other information regarding the results of operations, business affairs and
financial condition of the Borrower or any Subsidiary as the Administrative Agent or any Lender may reasonably request. 
 So
long as the Borrower is required to file periodic reports under Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended, the Borrower’s obligation to deliver the financial statements referred to in clauses
(a) and (b) shall be deemed satisfied upon the filing of such financial statements in the EDGAR system and the giving by the Borrower of notice to the Lenders and the Administrative Agent as to the public availability of such financial
statements from such source. 
 Section 5.2. Notices of Material Events. The Borrower will furnish to
the Administrative Agent and each Lender prompt written notice of the following: 
 (a) the occurrence of any Default or Event of
Default; 
 (b) any litigation or governmental proceeding of the type described in Section 4.5; 

  
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 (c) the occurrence of any default or event of default, or the receipt by Borrower or any of
its Subsidiaries of any written notice of an alleged default or event of default, in respect of any other Indebtedness in an aggregate principal amount exceeding $25,000,000 of the Borrower or any of its Subsidiaries; 

(d) the occurrence of any event that has had or could reasonably be expected to have, a Material Adverse Effect; and 

(e) any change (i) in any Loan Party’s legal name, (ii) in any Loan Party’s chief executive office or its principal
place of business, (iii) in any Loan Party’s identity or legal structure, (iv) in any Loan Party’s federal taxpayer identification number or organizational number or (v) in any Loan Party’s jurisdiction of organization,
in each case within thirty (30) days thereafter. 
 Each notice delivered under this Section 5.2 shall be accompanied by a
written statement of a Responsible Officer setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

Section 5.3. Existence; Conduct of Business. The Borrower will, and will cause each of its Subsidiaries to, do or
cause to be done all things necessary to preserve, renew and maintain in full force and effect its legal existence and its respective rights, licenses, permits, privileges, franchises, Patents, Copyrights and Trademarks material to the conduct of
its business and will continue to engage in the business of providing helicopter transportation services to the oil and gas industry or helicopter search and rescue services or such other businesses that are reasonably related to the foregoing;
provided, that nothing in this Section 5.3 shall prohibit any merger, consolidation, liquidation or dissolution permitted under Section 7.3 or not subject to restriction under Section 7.3. 

Section 5.4. Compliance with Laws, Etc. The Borrower will, and will cause each of its Subsidiaries to, comply with all
laws, rules, regulations and requirements of any Governmental Authority applicable to its business and properties, except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect. 

Section 5.5. Payment of Obligations. The Borrower will, and will cause each of its Subsidiaries to, pay and discharge
at or before maturity, all of its obligations and liabilities (including without limitation all Environmental Liabilities, taxes, assessments and other governmental charges, levies and all other claims that could result in a statutory Lien) before
the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, and the Borrower or such Subsidiary has set aside on its books adequate reserves with
respect thereto in accordance with GAAP or (b) the failure to make payment could not reasonably be expected to result in a Material Adverse Effect. 
 Section 5.6. Books and Records. The Borrower will, and will cause each of its Subsidiaries to, keep proper books of record and account customary in the businesses of the Borrower and
its Subsidiaries and otherwise required to be maintained by publicly held companies, in which full, true and correct entries shall be made of all dealings and transactions in relation to its business and activities to the extent necessary to prepare
the consolidated financial statements of Borrower in conformity with GAAP. 
 Section 5.7. Visitation, Inspection,
Etc. The Borrower will, and will cause each of its Subsidiaries to, permit any representative of the Administrative Agent or any Lender to visit and inspect its properties, to examine its books and records and to make copies and take
extracts therefrom, and to discuss its affairs, finances and accounts with any of its officers and with its independent certified public accountants, all at such reasonable times and as often as the Administrative Agent or any Lender (if an

  
 45 

 
Event of Default exists) may reasonably request after reasonable prior notice to the Borrower; provided, however, if any Default or Event of Default has occurred and is continuing,
no prior notice shall be required. The Borrower will, and will cause each of the Guarantors to, permit any representative of the Administrative Agent, or any Lender (if an Event of Default exists), to visit and inspect its properties and to conduct
audits of the Collateral (including any third party evaluations by HeliValue$ or other similar auditor of aircraft granted as collateral to cure any breach of the Collateral Asset Value Ratio), all at such reasonable times as the Administrative
Agent may reasonably request after reasonable prior notice to the Borrower; provided, however, if a Default or an Event of Default has occurred and is continuing, no prior notice shall be required and no limitations as to times or
frequency shall apply. 
 Section 5.8. Maintenance of Properties; Insurance. The Borrower at all times will,
and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted and subject to force majuere, and (b) maintain with
financially sound and reputable insurance companies (i) insurance with respect to its properties and business, and the properties and business of its Subsidiaries, against such casualties and contingencies and of such types and in such amounts
as is customary in the case of similar businesses operating in the same or similar locations and (ii) furnish to the Administrative Agent no more frequently than annually a certificate of an Responsible Officer of Borrower setting forth the
nature and extent of all insurance maintained by Borrower and its Subsidiaries in accordance with this Section, and (c) name the Administrative Agent as additional insured on liability insurance policies of the Borrower and its Subsidiaries and
as loss payee (pursuant to the loss payee endorsement approved by the Administrative Agent) on all casualty and property insurance policies of the Borrower and its Subsidiaries in each case, as appropriate respecting the Collateral. 

Section 5.9. Use of Proceeds . The Borrower will use the proceeds of all Term Loans made by the Lenders on the
Initial Funding Date pursuant to Section 2.1 to finance the CHI Investment and to pay costs and expenses incurred in connection therewith. The Borrower will use the remaining Term Loans made by the Lenders after the Initial
Funding Date pursuant to Section 2.1 to finance deferred payments, if any, associated with the CHI Investment, working capital needs, capital expenditures and for other general corporate purposes of the Borrower and its Subsidiaries. No
part of the proceeds of any Term Loan will be used, whether directly or indirectly, for any purpose that would violate any rule or regulation of the Board of Governors of the Federal Reserve System, including Regulations T, U or X of the Board of
Governors of the Federal Reserve System. 
 Section 5.10. Additional Subsidiaries. 

(a) In the event that, subsequent to the Closing Date, any Wholly Owned Domestic Subsidiary becomes a Significant Subsidiary, whether
pursuant to an acquisition or otherwise, (x) within twenty (20) Business Days after the date such Wholly Owned Domestic Subsidiary becomes a Significant Subsidiary, the Borrower shall notify the Administrative Agent and the Lenders thereof
and (y) within twenty (20) Business Days thereafter, the Borrower shall cause such Wholly Owned Domestic Subsidiary (i) to join the Subsidiary Guaranty Agreement as a new Guarantor by executing and delivering to the Administrative
Agent a supplement to the Subsidiary Guaranty Agreement, (ii) to grant Liens in favor of the Administrative Agent in all of its personal property of the types described in the Security Agreement by joining the Security Agreement as a grantor
thereunder, (iii) if such Wholly Owned Domestic Subsidiary owns material Intellectual Property, to grant Liens in favor of the Administrative Agent (A) in its Copyrights (if such Intellectual Property consists of Copyrights) by executing
and delivering a Copyright Security Agreement, (B) in its Patents (if such Intellectual Property consists of Patents) by executing and delivering a Patent Security Agreement and (C) in its Trademarks (if such Intellectual Property consists
of Trademarks) by executing and delivering a Trademark Security Agreement, and to file, or at the request of 

  
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the Administrative Agent to authorize the filing of, all such UCC financing statements or similar instruments required by the Administrative Agent to perfect Liens in favor of the Administrative
Agent and granted under any of the Loan Documents, (iv) if such Wholly Owned Domestic Subsidiary owns Capital Stock in another Person that is a Wholly Owned Domestic Subsidiary, to pledge 100% of such Capital Stock to the Administrative Agent
by joining the Pledge Agreement as a pledgor thereunder, (v) if such Wholly Owned Domestic Subsidiary owns Capital Stock in another Person that is a First-Tier Foreign Subsidiary, to pledge sixty-five percent (65%) of the voting Capital
Stock of such First-Tier Foreign Subsidiary to the Administrative Agent by joining the Pledge Agreement as a pledgor thereunder or by entering into a separate pledge agreement, in either case in form and substance reasonably satisfactory to the
Administrative Agent, and (vi) to deliver all such other documentation (including without limitation, lien searches, legal opinions, and certified organizational documents) and to take all such other actions as such Wholly Owned Domestic
Subsidiary would have been required to deliver and take pursuant to Section 3.1 if such Wholly Owned Domestic Subsidiary had been a Loan Party on the Closing Date. In addition, to the extent the Capital Stock of such Wholly Owned
Domestic Subsidiary is not already pledged, within twenty (20) Business Days after the date that the Borrower gives the Administrative Agent and the Lenders notice that such Wholly Owned Domestic Subsidiary has become a Significant Subsidiary,
the Borrower shall, or shall cause the Subsidiary or Subsidiaries owning such Wholly Owned Domestic Subsidiary to, pledge all of the Capital Stock of such Wholly Owned Domestic Subsidiary to the Administrative Agent as security for the Obligations
by executing and delivering an amendment or supplement to the Pledge Agreement, in form and substance satisfactory to the Administrative Agent, and to deliver the original stock certificates, if any, evidencing such Capital Stock, together with
appropriate stock powers executed in blank, to the Existing Credit Facility Administrative Agent, as bailee for the Administrative Agent in accordance with the terms of the Intercreditor Agreement. 

(b) In the event that, subsequent to the Closing Date, any Person becomes a First-Tier Foreign Subsidiary of the Borrower or any
Guarantor, whether pursuant to an acquisition or otherwise, (x) the Borrower shall promptly notify the Administrative Agent and the Lenders thereof and (y) no later than twenty (20) Business Days after such Person becomes a First-Tier
Foreign Subsidiary, or if the Administrative Agent determines in its sole discretion that the Borrower is working in good faith, such longer period as the Administrative Agent shall permit (not to exceed thirty (30) additional days), the
Borrower shall, or shall cause the Wholly Owned Domestic Subsidiary or Subsidiaries owning the Capital Stock of such Person to, (i) pledge sixty-five percent (65%) of the voting Capital Stock of such First-Tier Foreign Subsidiary owned by
the Borrower or such Wholly Owned Domestic Subsidiary, as the case may be, to the Administrative Agent as security for the Obligations pursuant to an amendment or supplement to the Pledge Agreement, or a separate pledge agreement, in either case in
form and substance reasonably satisfactory to the Administrative Agent, (ii) deliver the original stock certificates evidencing such pledged Capital Stock, together with appropriate stock powers executed in blank, to the Existing Credit
Facility Administrative Agent, as bailee for the Administrative Agent in accordance with the terms of the Intercreditor Agreement, and (iii) if requested by the Administrative Agent, deliver all such other documentation (including without
limitation, lien searches, legal opinions and certified organizational documents) and to take all such other actions as Borrower or such Wholly Owned Domestic Subsidiary would have been required to deliver and take pursuant to
Section 3.1 if such First-Tier Foreign Subsidiary had been a First-Tier Foreign Subsidiary on the Closing Date. 

(c) If the Borrower or any Guarantor that is a Significant Subsidiary forms or acquires any Wholly Owned Domestic Subsidiary after the
Closing Date, no later than twenty (20) Business Days after the date of formation or acquisition of such Wholly Owned Domestic Subsidiary, or if the Administrative Agent determines in its sole discretion that the Borrower is working in good
faith, such longer period as the Administrative Agent shall permit not to exceed thirty (30) additional days, the Borrower shall, or shall cause such Guarantor to, pledge all of the Capital Stock of such newly formed or acquired Wholly Owned
Domestic Subsidiary to the Administrative Agent as security for the Obligations 

  
 47 

 
by executing and delivering an amendment or supplement to the Pledge Agreement, in form and substance satisfactory to the Administrative Agent, and to deliver the original stock certificates, if
any, evidencing such Capital Stock, together with appropriate stock powers executed in blank, to the Existing Credit Facility Administrative Agent, as bailee for the Administrative Agent in accordance with the terms of the Intercreditor Agreement.

 (d) The Borrower agrees that, following the delivery of any Security Documents required to be executed and delivered under
this Section 5.10, the Administrative Agent shall have a valid and enforceable perfected Lien on the property required to be pledged pursuant to clauses (a), (b) and (c) above, in each case prior and superior in right to any
Lien granted in favor of any Person that is prohibited hereunder. All actions to be taken pursuant to this Section 5.10 shall be at the expense of the Borrower or the applicable Loan Party, and shall be taken to the reasonable
satisfaction of the Administrative Agent. 
 Section 5.11. Further Assurances. The Borrower will, and will
cause each Loan Party to, execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, landlord waivers,
bailee letters and other documents), which the Administrative Agent or the Required Lenders may reasonably request, to effectuate the transactions contemplated by the Loan Documents or to grant, preserve, protect or perfect the Liens created by the
Security Documents or the validity or priority of an such Lien, all at the expense of the Loan Parties. The Borrower also agrees to provide to the Administrative Agent, from time to time upon request, evidence reasonably satisfactory to the
Administrative Agent as to the perfection and priority of the Liens created or intended to be created by the Security Documents. 
 Section 5.12. Post-Closing. Within sixty (60) days after the Initial Funding Date (or such longer period as the Administrative Agent shall permit in its sole discretion), the
Borrower shall deliver to the Administrative Agent copies of the fully executed material agreements relating to the CHI Investment. 
 ARTICLE VI 
 FINANCIAL COVENANTS

 The Borrower covenants and agrees that so long as any Lender has a Term Loan Commitment hereunder or any Obligation
remains unpaid or outstanding: 
 Section 6.1. Leverage Ratio. The Borrower will maintain at all times
a Leverage Ratio of not greater than 4.50:1.00. 
 Section 6.2. Interest Coverage Ratio. The Borrower will
maintain, as of the last day of each Fiscal Quarter, for the period of the four Fiscal Quarters then ended, an Interest Coverage Ratio of not less than 3.00:1.00. 
 ARTICLE VII 
 NEGATIVE COVENANTS

 The Borrower covenants and agrees that so long as any Lender has a Term Loan Commitment hereunder or any Obligation
remains outstanding: 

  
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 Section 7.1. Indebtedness. The Borrower will not, and will not permit any
of its Subsidiaries to, create, incur, assume or suffer to exist any Indebtedness, except: 
 (a) Indebtedness created or
incurred pursuant to the Loan Documents; 
 (b) Indebtedness set forth on Schedule 7.1 and existing on the Closing Date
(the “Existing Indebtedness”) and Permitted Refinancing Indebtedness in respect thereof; 
 (c) Hedging
Obligations entered into with any Person in the ordinary course of business and not for speculation; 
 (d) any intercompany
Indebtedness, subject to Section 7.4; 
 (e) the Existing Credit Facility Indebtedness and Permitted Refinancing
Indebtedness in respect thereof; and 
 (f) other Indebtedness that may be incurred, subject to Section 6.1 and
6.2. 
 Section 7.2. Negative Pledge. The Borrower will not, and will not permit any of its
Subsidiaries to, create, incur, assume or suffer to exist any Lien on any of its assets or property now owned or hereafter acquired, except for Permitted Liens, to secure (a) any Indebtedness of the Borrower or a Subsidiary (if such Subsidiary
is not also a Guarantor), unless prior to, or contemporaneously therewith, the Term Loans are equally and ratably secured and the Borrower, the Administrative Agent and such other secured party have entered into an intercreditor agreement on terms
and conditions acceptable to the Administrative Agent, or (b) any Indebtedness of any Guarantor, unless prior to, or contemporaneously therewith, the Subsidiary Guarantees are equally and ratably secured and such Guarantor, the Administrative
Agent and such other secured party have entered into an intercreditor agreement on terms and conditions acceptable to the Administrative Agent; provided, however, that if such Indebtedness is expressly subordinated to the Term Loans or
the Subsidiary Guarantees, the Lien securing such Indebtedness will be subordinated and junior to the Lien securing the Term Notes or the Subsidiary Guarantees, as applicable, with the same relative priority as such Indebtedness has with respect to
the Term Loans or the Subsidiary Guarantees. The Borrower will not, and will not permit any of its Subsidiaries to, create, incur, assume or suffer to exist any Lien to secure Indebtedness on the engines or rotors installed on any Pledged Aircraft
other than in favor of the Administrative Agent. 
 Section 7.3. Fundamental Changes. 

(a) The Borrower will not, and will not permit any Significant Subsidiary to, merge into or consolidate with any other Person, or permit
any other Person to merge into or consolidate with it, or sell, lease, transfer or otherwise dispose of (in a single transaction or a series of transactions) all or substantially all of its assets (in each case, whether now owned or hereafter
acquired) or all or substantially all of the stock of any of its Significant Subsidiaries (in each case, whether now owned or hereafter acquired) or liquidate or dissolve; provided, that if at the time thereof and immediately after
giving effect thereto, no Default or Event of Default shall have occurred and be continuing (i) the Borrower or any Significant Subsidiary may merge with a Person if the Borrower (or such Subsidiary if the Borrower is not a party to such
merger) is the surviving Person, (ii) any Significant Subsidiary may merge into another Subsidiary; provided, that if any party to such merger is a Loan Party, the surviving Person shall be a Loan Party, (iii) any Significant
Subsidiary may sell, transfer, lease or otherwise dispose of all or substantially all of its assets to the Borrower or to a Subsidiary; provided, that if such Significant Subsidiary is a Loan Party, it may only sell, transfer, lease or
otherwise dispose of all or substantially all of its assets to the Borrower or to another Loan Party, (iv) the Borrower or any Significant Subsidiary may sell, transfer, lease 

  
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or otherwise dispose of all or substantially all of the stock of any of its Significant Subsidiaries to the Borrower or to a Subsidiary; provided, that if prior to such sale, transfer,
lease or other disposition, the Capital Stock of such Significant Subsidiary was pledged to the Administrative Agent and constituted Collateral, then after such sale, transfer, lease or other disposition, (A) if such Significant Subsidiary is a
Wholly Owned Domestic Subsidiary, 100% of the Capital Stock of such Significant Subsidiary shall be pledged to the Administrative Agent, (B) if such Significant Subsidiary is a First-Tier Foreign Subsidiary, 65% of the Capital Stock of such
Significant Subsidiary shall be pledged to the Administrative Agent or (C) if such Significant Subsidiary is owned, directly or indirectly, by a First-Tier Foreign Subsidiary, 65% of the Capital Stock of the First-Tier Foreign Subsidiary that
owns, directly or indirectly, such Significant Subsidiary shall be pledged to the Administrative Agent, (v) any Significant Subsidiary (other than a Loan Party) may liquidate or dissolve if the Borrower determines in good faith that such
liquidation or dissolution is in the best interests of the Borrower and is not materially disadvantageous to the Lenders; and (vi) subject to Section 2.9, sales and other dispositions of property that the Borrower or its
Subsidiaries reasonably determine is obsolete and no longer useful in the ordinary course of its business; provided, that with respect to clauses (i) and (ii) of this Section 7.3(a), any such merger involving a Person
that is not a Wholly Owned Subsidiary immediately prior to such merger shall not be permitted unless also permitted by Section 7.4. 
 (b) The Borrower will not, and will not permit any of its Subsidiaries to, engage in any type of business other than the helicopter services conducted by the Borrower or its Subsidiaries as of the Closing
Date and businesses reasonably related thereto. 
 Section 7.4. Loans and Other Investments, Etc. The
Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a Wholly Owned Subsidiary prior to such merger), any Capital Stock, evidence of indebtedness
or other securities (including any option, warrant, or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment (other than Permitted
Investments) in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person that constitute a business unit (all of the foregoing being collectively called
“Investments”), except: 
 (a) the Borrower may Guarantee unfunded pension obligations of the Borrower’s
Subsidiaries with respect to Plans in existence on the Closing Date; 
 (b) the Borrower and its Subsidiaries may make and permit
to exist Investments in the Borrower and Wholly Owned Subsidiaries; 
 (c) Subsidiaries that are not Wholly Owned Subsidiaries
may make and permit to exist Investments in Subsidiaries that are not Wholly Owned Subsidiaries and Investments in other Persons; 
 (d) Bristow Aviation Holdings Limited and its Subsidiaries may make and permit to exist Investments in Bristow Aviation Holdings Limited and its Subsidiaries; 

(e) Borrower and its Subsidiaries may make and permit to exist trade payables and receivables and other transactions in the ordinary
course of business among the Borrower and its Subsidiaries; 
 (f) Investments set forth on Schedule 7.4 and existing on
the Closing Date in an aggregate amount equal to the amount outstanding on the Closing Date as shown on such Schedule 7.4; 

  
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 (g) the Borrower and its Subsidiaries may make and permit to exist additional Investments in
any other Person (“Additional Permitted Investments”) so long as, at the time of making any such Additional Permitted Investment, the amount of such Additional Permitted Investment, when taken together with the aggregate amount of
all other Additional Permitted Investments outstanding at such time, does not exceed 15% of its Consolidated Net Tangible Assets; provided that, so long as the Borrower and the Guarantors are in compliance with the Collateral Asset Value
Ratio, Borrower and its Subsidiaries may make and permit to exist other Additional Permitted Investments in excess of 15% of its Consolidated Net Tangible Assets; and 
 (h) Borrower and its Wholly Owned Subsidiaries may make and permit to exist Investments in Subsidiaries that are not Wholly Owned Subsidiaries; provided that if any such Investment is made pursuant
to this clause (h) in a Subsidiary that is not a Loan Party, (x) the Borrower shall promptly notify the Administrative Agent and the Lenders thereof and (y) within twenty (20) Business Days of such Investment (or such longer
period as the Administrative Agent may agree to in writing), the Borrower shall, directly or indirectly, cause such Subsidiary that is not a Wholly Owned Subsidiary to become a Loan Party hereunder by complying with the requirements set forth in
Section 5.10(a) as if such Subsidiary were a Wholly Owned Domestic Subsidiary that had become a Significant Subsidiary. 
 In
connection with any Investment allowed in clause (g) above in excess of 15% of the Consolidated Net Tangible Assets of the Borrower, prior to making any such Investment, the Borrower shall provide the Administrative Agent a certificate
demonstrating continued compliance, on a pro forma basis, with the Collateral Asset Value Ratio immediately after giving effect to such Investment and related transactions. 
 Section 7.5. Restricted Payments. The Borrower will not declare or make, or agree to pay or make, directly or indirectly, any dividend on any class of its stock, or make any
payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption, retirement, defeasance or other acquisition of, any shares of Capital Stock or Indebtedness subordinated to the Obligations of the
Borrower or any Guarantee thereof or any options, warrants, or other rights to purchase such Capital Stock or such Indebtedness, whether now or hereafter outstanding (each, a “Restricted Payment”), other than (i) dividends and
other distributions paid in kind or in capital stock, (ii) payments on Permitted Subordinated Debt to the extent permitted under the subordination terms of such Indebtedness approved by the Lenders, (iii) the cashless exercise of options,
warrants, conversion and other rights or tax withholding with respect to the exercise of stock awards, (iv) severance, settlement or similar payments made to former employees in an aggregate amount not to exceed $10,000,000 in any Fiscal Year,
and (v) so long as no Event of Default has occurred and is continuing, dividends paid in cash or other property in respect of Capital Stock and other purchases, redemptions, retirements, defeasances or other acquisitions of, any shares of
Capital Stock for cash or other property in an aggregate amount not to exceed the sum of $100,000,000, plus 25% of the positive cumulative Consolidated Net Income (taken as one accounting period) from April 1, 2010 to the end of the
Borrower’s most recently ended fiscal period for which internal financial statements are available at the time of such Restricted Payment and (vi) other dividends in respect of the Borrower’s Capital Stock in an amount not to exceed
$5,000,000 in any Fiscal Year. 
 Section 7.6. Sale of Assets. The Borrower will not, and will not permit any
of its Subsidiaries to, convey, sell, lease, assign, transfer or otherwise dispose of, any of its assets or property, whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s
common stock to any Person other than the Borrower or any of its Subsidiaries (or to qualify directors if required by applicable law), other than (a) sale-lease back transactions permitted by this Agreement, (b) Designated Asset Sales,
(c) sales, leases and charters of inventory, equipment or other assets in the ordinary course of business, (d) sales, dispositions and other transactions permitted pursuant to Sections 7.3, 7.4 and 7.5 above and
(e) sales, leases, charters, transfers or other dispositions of assets or 

  
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properties (i) to the Borrower or any Wholly Owned Subsidiary; (ii) by Subsidiaries that are not Wholly Owned Subsidiaries to other Subsidiaries that are not Wholly Owned Subsidiaries,
and (iii) to Subsidiaries that are not Wholly Owned Subsidiaries; provided that if any such transfer is made pursuant to this clause (e)(iii) to a Subsidiary that is not a Loan Party, (x) the Borrower shall promptly notify the
Administrative Agent and the Lenders thereof and (y) within twenty (20) Business Days of such transfer (or such longer period as the Administrative Agent may agree to in writing), the Borrower shall, directly or indirectly, cause such
Subsidiary to become a Loan Party hereunder by complying with the requirements set forth in Section 5.10(a) as if such Subsidiary were a Wholly Owned Domestic Subsidiary that had become a Significant Subsidiary. 

Section 7.7. Transactions with Affiliates. The Borrower will not, and will not permit any of its Subsidiaries to,
sell, lease or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates (other than Wholly Owned Subsidiaries),
except (a) in the ordinary course of business at prices and on terms and conditions, taken as a whole, not less favorable to the Borrower or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties,
(b) transactions between or among the Borrower and any other Loan Party not involving any other Affiliates and (c) any Restricted Payment permitted by Section 7.5. 

Section 7.8. Restrictive Agreements. The Borrower will not, and will not permit any Subsidiary to, directly or
indirectly, enter into, incur or permit to exist any consensual agreement that prohibits, restricts or imposes any condition upon (a) the ability of the Borrower or any Subsidiary to create, incur or permit any Lien upon any of its assets or
properties, whether now owned or hereafter acquired, in favor of the Administrative Agent to secure all or any portion of the Secured Obligations, or (b) the ability of any Subsidiary to pay dividends or other distributions with respect to
its Capital Stock, to make or repay loans or advances to the Borrower or any other Subsidiary, to Guarantee Indebtedness of the Borrower or any other Subsidiary or to transfer any of its property or assets to the Borrower or any Subsidiary of the
Borrower; provided, that (i) the foregoing shall not apply to restrictions or conditions imposed by law or by (A) this Agreement or any other Loan Document or (B) any agreements governing or evidencing the Existing
Indebtedness, the Existing Credit Facility Indebtedness and any Indebtedness issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund any of the foregoing; provided that the
restrictions and conditions imposed by any agreement governing or evidencing such new Indebtedness are not materially more restrictive, taken as a whole, than the restrictions and conditions imposed by the agreements governing or evidencing the
Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded, as reasonably determined by the Borrower, (ii) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale
of a Subsidiary or any assets pending such sale, provided such restrictions and conditions apply only to the Subsidiary or the assets that are sold and such sale is permitted hereunder, (iii) the foregoing shall not apply to customary
restrictions and conditions contained in joint venture agreements and similar agreements that restrict the transfer of interests in or assets of the joint venture or the pledge of Capital Stock of any joint venture entity, (iv) clause
(a) shall not apply to restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions and conditions apply only to the property or assets securing such Indebtedness;
provided that the foregoing shall not prohibit financial incurrence, maintenance and similar covenants that indirectly have the practical effect of prohibiting or restricting the ability of a Subsidiary to make such payments or provisions
that require that a certain amount of capital be maintained, or prohibit the return of capital to shareholders above certain dollar limits; (v) clause (a) shall not apply to customary provisions in leases restricting the assignment
thereof; and (vi) the foregoing shall not apply to restrictions or conditions in any agreements governing or evidencing any Indebtedness incurred on or after the Closing Date in accordance with the provisions of this Agreement which are not
materially more restrictive, taken as a whole, than the restrictions and conditions contained in this Agreement, any other Loan Document or the agreements governing or evidencing the Existing Indebtedness. 

  
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 Section 7.9. Hedging Transactions. The Borrower will not, and will not
permit any of the Subsidiaries to, enter into any Hedging Transaction, other than Hedging Transactions not for speculative purposes entered into in the ordinary course of business to hedge or mitigate risks to which the Borrower or any Subsidiary is
exposed in the conduct of its business or the management of its obligations or operations. 
 Section 7.10. Amendment
to Material Documents. The Borrower will not amend, modify or waive any of its rights under (a) its certificate of incorporation, bylaws or other organizational documents in a manner materially adverse to the interests of the Lenders,
or (b) the Indenture or agreements governing the terms of Permitted Subordinated Debt, that would increase the interest rate thereof, shorten the average life to maturity, impose additional covenants, or otherwise be materially adverse to the
interests of the Borrower or the Lenders thereunder. 
 Section 7.11. Accounting Changes. The Borrower will
not, and will not permit any of its Subsidiaries to, make any significant change in accounting treatment or reporting practices, except as required or permitted by GAAP, or change the Fiscal Year of the Borrower or of any of its Subsidiaries, except
to change the Fiscal Year end to December 31. 
 ARTICLE VIII 

EVENTS OF DEFAULT 
 Section 8.1. Events of Default. If any of the following events (each an “Event of Default”) shall occur: 

(a) the Borrower shall fail to pay any principal of any Term Loan when and as the same shall become due and payable, whether at the due
date thereof or at a date fixed for prepayment or otherwise; or 
 (b) the Borrower shall fail to pay any interest on any Term
Loan or any fee or any other amount (other than an amount payable under clause (a) of this Section 8.1) payable under this Agreement or any other Loan Document, when and as the same shall become due and payable, and such failure
shall continue unremedied for a period of three (3) Business Days; or 
 (c) any representation, warranty or statement made
or deemed made by or on behalf of the Borrower or any Subsidiary in or in connection with this Agreement or any other Loan Document (including the Schedules attached thereto) shall prove to be incorrect in any material respect when made or deemed
made or submitted; or 
 (d) the Borrower shall fail to observe or perform any financial covenant, negative covenant, the
post-closing covenant set forth in Section 5.12 or the Borrower’s covenant to maintain its existence; or 
 (e)
any breach of the Collateral Asset Value Ratio where the Borrower fails, within 45 days if the Collateral Asset Value Ratio is less than 1.1:1.0, but greater than 1.0:1.0, to (i) make the necessary reduction in the aggregate amount of the
Senior Secured Debt outstanding in order to cure non-

  
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compliance with such Collateral Asset Value Ratio or (ii) grant a perfected first priority security interest in unencumbered aircraft having a value (based on desktop or other fair market
valuation methods acceptable to the Administrative Agent completed by a reputable aircraft appraisal company acceptable to the Administrative Agent) equal to or exceeding such amount as would be required to cure non-compliance with such Collateral
Asset Value Ratio; or 
 (f) any Loan Party shall fail to observe or perform any covenant or agreement contained in this
Agreement (other than those referred to in clauses (a), (b), (d) and (e) above) or any other Loan Document, and such failure shall remain unremedied for 30 days after the earlier of (i) any Responsible Officer of the Borrower
becomes aware of such failure, or (ii) notice thereof shall have been given to the Borrower by the Administrative Agent; or 

(g) the Borrower or any Subsidiary (whether as primary obligor or as guarantor or other surety) shall fail to make payments when due on
any Indebtedness (other than Non-Recourse Debt to the extent such Indebtedness is permitted under the terms hereunder) which individually or in the aggregate the principal amount thereof exceeds $25,000,000, or breach of any covenant contained in
any agreement relating to such Indebtedness causing or permitting the acceleration of such Indebtedness after the giving of notice and the expiration of any applicable grace period; or 

(h) the Borrower or any Guarantor shall (i) commence a voluntary case or other proceeding or file any petition seeking liquidation,
reorganization or other relief under any federal, state or foreign bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a custodian, trustee, receiver, liquidator or other similar official of it or any
substantial part of its property, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (i) of this Section 8.1(h), (iii) apply for or
consent to the appointment of a custodian, trustee, receiver, liquidator or other similar official for the Borrower or any such Guarantor or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a
petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors, or (vi) take any board action for the purpose of effecting any of the foregoing; or 

(i) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or
other relief in respect of the Borrower or any Guarantor or its debts, or any substantial part of its assets, under any federal, state or foreign bankruptcy, insolvency or other similar law now or hereafter in effect or (ii) the appointment of
a custodian, trustee, receiver, liquidator or other similar official for the Borrower or any Guarantor or for a substantial part of its assets, and in any such case, such proceeding or petition shall remain undismissed for a period of 60 days or an
order or decree approving or ordering any of the foregoing shall be entered; or 
 (j) the Borrower or any Guarantor shall become
unable to pay, shall admit in writing its inability to pay, or shall fail to pay, its debts as they become due; or 
 (k) an
ERISA Event shall have occurred that, in the reasonable opinion of the Required Lenders, when taken together with other ERISA Events that have occurred, could reasonably be expected to result in liability to the Borrower and the Subsidiaries in an
aggregate amount exceeding $25,000,000; or 
 (l) any final judgment or order for the payment of money in excess of $25,000,000
(but excluding any portion thereof that is subject to insurance coverage within applicable policy limits and where the insurer has not denied or contested coverage), which judgments, orders, fines, penalties, awards or impositions remain in effect
for 30 days without being satisfied, discharged, stayed, deferred, or vacated; or 

  
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 (m) a Change in Control shall occur or exist; or 

(n) the Subsidiary Guaranty Agreement shall for any reason cease to be valid and binding on, or enforceable against, any Loan Party, or
any Loan Party shall so state in writing, or any Loan Party shall seek to contest or terminate its payment obligations under the Subsidiary Guaranty Agreement other than as permitted by the Loan Documents; or 

(o) any Lien purported to be created under any Security Document shall fail or cease to be a valid and perfected Lien on any Collateral,
with the priority required by the applicable Security Document, except as a result of (i) the Administrative Agent’s failure to take any action reasonably requested by the Borrower or otherwise required in order to maintain a valid and
perfected Lien on any Collateral, (ii) any action taken by the Administrative Agent to release any Lien on any Collateral, or (iii) as permitted in connection with the Loan Documents; 

then, and in every such event (other than an event with respect to the Borrower described in clause (h) or (i) of this Section 8.1)
and at any time thereafter during the continuance of such event, the Administrative Agent may, and upon the written request of the Required Lenders shall, by notice to the Borrower, take any or all of the following actions, at the same or different
times: (i) terminate the Term Loan Commitments (to the extent that the full amount of the Term Loans have not been made and that such Term Loan Commitments have not previously been terminated), whereupon the Term Loan Commitment of each Lender
shall terminate immediately, (ii) declare the principal of and any accrued interest on the Term Loans, and all other Obligations owing hereunder, to be, whereupon the same shall become, due and payable immediately, without presentment, demand,
protest or other notice of any kind, all of which are hereby waived by the Borrower, (iii) exercise all remedies contained in any other Loan Document, and (iv) exercise any other remedies available at law or in equity; and that, if an
Event of Default specified in either clause (h) or (i) with respect to the Borrower shall occur, the Term Loan Commitments (to the extent that the full amount of the Term Loans have not been made and that such Term Loan Commitments have
not previously been terminated) shall automatically terminate and the principal of the Term Loans then outstanding, together with accrued interest thereon, and all fees, and all other Obligations owing hereunder shall automatically become due and
payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower. 

Section 8.2. Application of Proceeds. Following an Enforcement (as defined in the Intercreditor Agreement), all
proceeds from each sale of, or other realization upon, all or any part of the Collateral by any Secured Party shall be applied as set forth in the Intercreditor Agreement. 
 ARTICLE IX 
 THE ADMINISTRATIVE AGENT

 Section 9.1. Appointment of Administrative Agent. Each Lender irrevocably appoints SunTrust Bank
as the Administrative Agent and authorizes it to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent under this Agreement and the other Loan Documents, together with all such actions and powers
that are reasonably incidental thereto. The Administrative Agent may perform any of its duties hereunder or under the other Loan Documents by or through any one or more sub-agents or attorneys-in-fact appointed by the Administrative Agent. The
Administrative Agent and any such sub-agent or attorney-in-fact may perform any and all of their duties and exercise their rights and powers through their respective Related Parties. The exculpatory provisions set forth in this Article shall apply
to any such sub-agent or attorney-in-fact and the Related Parties of the Administrative Agent, any such sub-agent and any such attorney-in-fact 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. 

  
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 Section 9.2. Nature of Duties of Administrative Agent. The Administrative
Agent shall not have any duties or obligations except those expressly set forth in this Agreement and the other Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary
or other implied duties, regardless of whether a Default or an Event of Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except
those discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary
under the circumstances as provided in Section 10.2), and (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose,
any information relating to the Borrower or any of its Subsidiaries that is communicated to or obtained by the Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not
taken by it, its sub-agents or attorneys-in-fact with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 10.2) or
in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents or attorneys-in-fact selected by it with reasonable care. The Administrative Agent
shall not be deemed to have knowledge of any Default or Event of Default unless and until written notice thereof (which notice shall include an express reference to such event being a “Default” or “Event of Default” hereunder) is
given to the Administrative Agent by the Borrower or any Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with
any 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 and conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in
Article III or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. The Administrative Agent may consult with legal counsel (including counsel for the Borrower)
concerning all matters pertaining to such duties. 
 Section 9.3. Lack of Reliance on the Administrative
Agent. Each of the Lenders acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis
and decision to enter into this Agreement. Each of the Lenders also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed
appropriate, continue to make its own decisions in taking or not taking of any action under or based on this Agreement, any related agreement or any document furnished hereunder or thereunder. 

Section 9.4. Certain Rights of the Administrative Agent. If the Administrative Agent shall request instructions from
the Required Lenders with respect to any action or actions (including the failure to act) in connection with this Agreement, the Administrative Agent shall be entitled to refrain from such act or taking such act, unless and until it shall have
received instructions from such Lenders; and the Administrative Agent shall not incur liability to any Person by reason of so refraining. Without limiting the foregoing, no Lender shall have any right of action whatsoever against the Administrative
Agent as a result of the Administrative Agent acting or refraining from acting hereunder in accordance with the instructions of the Required Lenders where required by the terms of this Agreement. 

  
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 Section 9.5. Reliance by Administrative Agent. The Administrative Agent
shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, posting or other distribution)
believed by it to be genuine and to have been signed, sent or made by the proper Person. The Administrative Agent may also rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person and shall not
incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (including counsel for the Borrower), independent public 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 such counsel, accountants or experts. 
 Section 9.6. The
Administrative Agent in its Individual Capacity. The Person serving as the Administrative Agent shall have the same rights and powers under this Agreement and any other Loan Document in its capacity as a Lender as any other Lender and may
exercise or refrain from exercising the same as though it were not the Administrative Agent; and the terms “Lenders”, “Required Lenders”, or any similar terms shall, unless the context clearly otherwise indicates, include the
Administrative Agent in its individual capacity. The Person acting as the Administrative Agent and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of business with the Borrower or any Subsidiary or Affiliate
of the Borrower as if it were not the Administrative Agent hereunder. 
 Section 9.7. Successor Administrative
Agent. 
 (a) The Administrative Agent may resign at any time by giving notice thereof to the Lenders and the Borrower.
Upon any such resignation, the Required Lenders shall have the right to appoint a successor Administrative Agent, subject to the approval by the Borrower provided that no Default or Event of Default shall exist at such time. If no successor
Administrative Agent shall have been so appointed, and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may, on behalf of the
Lenders, appoint a successor Administrative Agent, which shall be a commercial bank organized under the laws of the United States of America or any state thereof or a bank which maintains an office in the United States, having a combined capital and
surplus of at least $500,000,000. 
 (b) Upon the acceptance of its appointment as the Administrative Agent
hereunder by a successor, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be
discharged from its duties and obligations under this Agreement and the other Loan Documents. If within 45 days after written notice is given of the retiring Administrative Agent’s resignation under this Section 9.7 no successor
Administrative Agent shall have been appointed and shall have accepted such appointment, then on such 45th day (i) the retiring Administrative Agent’s resignation shall become effective, (ii) the retiring Administrative Agent shall thereupon be discharged from its duties and obligations under
the Loan Documents and (iii) the Required Lenders shall thereafter perform all duties of the retiring Administrative Agent under the Loan Documents until such time as the Required Lenders appoint a successor Administrative Agent as provided
above. After any retiring Administrative Agent’s resignation hereunder, the provisions of this Article shall continue in effect for the benefit of such retiring Administrative Agent and its representatives and agents in respect of any actions
taken or not taken by any of them while it was serving as the Administrative Agent. 
 Section 9.8. Authorization to
Execute other Loan Documents. Each Lender hereby authorizes the Administrative Agent to execute on behalf of all Lenders all Loan Documents other than this Agreement. 

  
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 Section 9.9. Documentation Agent; Syndication Agent. Each Lender agrees
that neither the Documentation Agent nor the Syndication Agent shall have any duties or obligations under any Loan Documents to any Lender or any Loan Party. 
 ARTICLE X 
 MISCELLANEOUS

 Section 10.1. Notices. 
 (a) Written Notices. 
 (i) Except in the case of notices and other
communications expressly permitted to be given by telephone, all notices and other communications to any party herein to be effective shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered
mail or sent by telecopy, as follows: 
  

			
	 To the Borrower:
	  	Bristow Group Inc.
		  	2103 City West Blvd.
		  	4th Floor
		  	Houston, Texas 77042
		  	Attention: General Counsel
		
	 To the Administrative Agent:
	  	SunTrust Bank
		  	303 Peachtree Street, N. E.
		  	Atlanta, Georgia 30308
		  	Attention: Mr. Jim Warren
		  	Telecopy Number: (404) 827-6270
		
	 With a copy to:
	  	SunTrust Bank
		  	Agency Services
		  	303 Peachtree Street, N. E./ 25th Floor
		  	Atlanta, Georgia 30308
		  	Attention: Mr. Doug Weltz
		  	Telecopy Number: (404) 221-2001

  

			
		  	and

  

			
		  	King & Spalding LLP
		  	1180 Peachtree Street, N.E.
		  	Atlanta, Georgia 30309
		  	Attention: W. Todd Holleman
		  	Telecopy Number: (404) 572-5100

  

			
	 To any other Lender:
	  	the address set forth in the Administrative Questionnaire or the Assignment and Acceptance Agreement executed by such Lender

  

  
 58 

 Any party hereto may change its address or telecopy number for notices and other
communications hereunder by notice to the other parties hereto. All such notices and other communications shall, when transmitted by overnight delivery, or faxed, be effective when delivered for overnight (next-day) delivery, or transmitted in
legible form by facsimile machine, respectively, or if mailed, upon the third Business Day after the date deposited into the mail or if delivered, upon delivery; provided, that notices delivered to the Administrative Agent shall not be
effective until actually received by such Person at its address specified in this Section 10.1. 

(ii) Any agreement of the Administrative Agent and the Lenders herein to receive certain notices by telephone or facsimile
is solely for the convenience and at the request of the Borrower. The Administrative Agent and the Lenders shall be entitled to rely on the authority of any Person purporting to be a Person authorized by the Borrower to give such notice and the
Administrative Agent and Lenders shall not have any liability to the Borrower or other Person on account of any action taken or not taken by the Administrative Agent or the Lenders in reasonable reliance in good faith upon such telephonic or
facsimile notice. The obligation of the Borrower to repay the Term Loans and all other Obligations hereunder shall not be affected in any way or to any extent by any failure of the Administrative Agent and the Lenders to receive written confirmation
of any telephonic or facsimile notice or the receipt by the Administrative Agent and the Lenders of a confirmation which is at variance with the terms understood by the Administrative Agent and the Lenders to be contained in any such telephonic or
facsimile notice. 
 (b) Electronic Communications. 

(i) Notices and other communications to the Administrative Agent and to the Lenders 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 the Administrative Agent or any
Lender pursuant to Article 2 unless such Lender and the Administrative Agent have agreed to receive notices under such Section by electronic communication and have agreed to the procedures governing such communications. The 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. 
 (ii) Unless the Administrative Agent and Borrower otherwise prescribe,
(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. 

  
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 Section 10.2. Waiver; Amendments. 

(a) No failure or delay by the Administrative Agent or any Lender in exercising any right or power hereunder or under any other Loan
Document, and no course of dealing between the Borrower and the Administrative Agent or any Lender, shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power or any abandonment or discontinuance of steps
to enforce such right or power, preclude any other or further exercise thereof or the exercise of any other right or power hereunder or thereunder. The rights and remedies of the Administrative Agent and the Lenders hereunder and under the other
Loan Documents are cumulative and are not exclusive of any rights or remedies provided by law. No waiver of any provision of this Agreement or any other Loan Document or consent to any departure by the Borrower therefrom shall in any event be
effective unless the same shall be permitted by paragraph (b) of this Section 10.2, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without limiting the
generality of the foregoing, the making of a Term Loan shall not be construed as a waiver of any Default or Event of Default, regardless of whether the Administrative Agent or any Lender may have had notice or knowledge of such Default or Event of
Default at the time. 
 (b) No amendment or waiver of any provision of this Agreement or the other Loan Documents, nor
consent to any departure by the Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Borrower and the Required Lenders or the Borrower and the Administrative Agent with the consent of the Required
Lenders and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, that no amendment or waiver shall: (i) increase the Term Loan Commitment of any Lender
without the written consent of such Lender, (ii) reduce the principal amount of any Term Loan or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender affected thereby,
(iii) postpone the date fixed for any scheduled payment of any principal of, or interest on, any Term Loan or any fees hereunder or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date for the termination or
reduction of any Term Loan Commitment, without the written consent of each Lender affected thereby, (iv) change Section 2.17(c) or (d) in a manner that would alter the pro rata sharing of payments required thereby,
without the written consent of each Lender, (v) change any of the provisions of this Section 10.2(b) or the definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders
which are required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the consent of each Lender, (vi) release any Guarantor or limit the liability of any such Guarantor under the
Subsidiary Guaranty Agreement or any other guaranty agreement or other Loan Documents, without the written consent of each Lender, except in connection with the sale or other disposition of such Guarantor or as expressly permitted in this Agreement
or other Loan Documents, and (vii) release all or substantially all collateral securing any of the Obligations or subordinate any Lien in such collateral to any other creditor of the Borrower or any Subsidiary other than in accordance with the
terms of the Loan Documents, without the written consent of each Lender; provided further, that no such agreement shall amend, modify or otherwise affect the rights, duties or obligations of the Administrative Agent without the prior written
consent of such Person. 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 Term Loan Commitment of such Defaulting Lender
may not be increased or extended, and amounts payable to such Defaulting Lender hereunder may not be permanently reduced without the consent of such Defaulting Lender (other than reductions in fees and interest in which such reduction does not
disproportionately affect such Defaulting Lender). Notwithstanding anything contained herein to the contrary, this Agreement may be amended and restated without the consent of any Lender (but with the consent of the Borrower and the
Administrative Agent) if, upon giving effect to such amendment and restatement, such Lender shall no longer be a party to this Agreement (as so amended and restated), the Term Loan Commitments of such Lender shall have terminated (but such Lender
shall continue to be entitled to the benefits of Sections 2.14, 2.15, 2.16 and 10.3), and such Lender shall have no other commitment or other obligation hereunder and shall have been paid in full all principal, interest
and other amounts owing to it or accrued for its account under this Agreement. 

  
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 Section 10.3. Expenses; Indemnification. 

(a) The Borrower shall pay (i) all reasonable, out-of-pocket costs and expenses of the Administrative Agent and its Affiliates,
including the reasonable fees, charges and disbursements of counsel for the Administrative Agent and its Affiliates, in connection with the syndication of the credit facility provided for herein, the preparation and administration of the Loan
Documents and any amendments, modifications or waivers thereof (whether or not the transactions contemplated in this Agreement or any other Loan Document shall be consummated) and (ii) all out-of-pocket costs and expenses (including, without
limitation, the reasonable fees, charges and disbursements of outside counsel) incurred by the Administrative Agent or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement, including its rights
under this Section 10.3, or in connection with the Term Loans made hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Term Loans. 

(b) The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender, and each Related Party of any of the
foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable fees, charges and
disbursements of any counsel for any Indemnitee) incurred by any Indemnitee or asserted against any Indemnitee by any third party or by the Borrower or any other Loan Party or Related Party of a Loan Party arising out of, in connection with, or as a
result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or
the consummation of the transactions contemplated hereby or thereby, (ii) any Term Loan or the use or proposed use of the proceeds therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials on or from any property
owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any other Loan Party or Related Party of a Loan Party, and regardless of whether any Indemnitee is a party
thereto, provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and
nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the Borrower or any other Loan Party against an Indemnitee for breach in bad faith of such
Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. The Borrower,
upon demand by the Administrative Agent or a Lender at any time, shall reimburse such Administrative Agent or such Lender for any such reasonable legal or other expenses incurred in connection with investigating or defending against any of the
foregoing, except if the same is excluded from indemnification pursuant to the provisions of the preceding sentence. Each Indemnitee agrees to contest any indemnified claim if requested by the Borrower, in a manner reasonably directed by the
Borrower, with counsel selected by the Indemnitee and approved by the Borrower, which approval shall not be unreasonably withheld or delayed. Any Indemnitee that proposes or intends to settle or compromise any such indemnified claim shall give the
Borrower written notice of the terms of such settlement or compromise reasonably in advance of settling or compromising such claim or proceeding and shall obtain the Borrower’s prior written consent thereto, which consent shall not be
unreasonably withheld or delayed; provided that the Indemnitee shall not be restricted from settling or compromising any such claim if the Indemnitee waives its right to indemnity from the Borrower in respect of such claim and such settlement
or compromise does not materially increase the Borrower’s liability pursuant to this Section 10.3 to any Related Party of such Indemnitee. 

  
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 (c) The Borrower shall pay, and hold the Administrative Agent and each of the Lenders
harmless from and against, any and all present and future stamp, documentary, and other similar taxes with respect to this Agreement and any other Loan Documents, any collateral described therein, or any payments due thereunder, and save the
Administrative Agent and each Lender harmless from and against any and all liabilities with respect to or resulting from any delay or omission to pay such taxes. 
 (d) To the extent that the Borrower fails to pay any amount required to be paid to the Administrative Agent under clauses (a), (b) or (c) hereof, each Lender severally agrees to pay to the
Administrative Agent such Lender’s Pro Rata Share (determined as of the time that the unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided, that the unreimbursed expense or indemnified payment, claim,
damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent in its capacity as such. 
 (e) To the extent permitted by applicable law, no party to this Agreement or Indemnitee shall assert, and each hereby waives, any claim against any such other Person, on any theory of liability, for
special, indirect, consequential or punitive damages (as opposed to actual or direct damages) arising out of, in connection with or as a result of, this Agreement or any agreement or instrument contemplated hereby, the transactions contemplated
therein, any Term Loan or the use of proceeds thereof. 
 (f) All amounts due under this Section 10.3 shall be
payable within ten (10) Business Days after written demand therefor. 
 Section 10.4. Successors and
Assigns. 
 (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender, and no
Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of paragraph (b) of this Section, (ii) by way of participation in accordance with the
provisions of paragraph (d) of this Section or (iii) by way of pledge or assignment of a security interest subject to the restrictions of paragraph (g) 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 paragraph (e) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this
Agreement. 
 (b) 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 Term Loan Commitment and the Term Loans at the time owing to it); provided that any such assignment shall be subject to the following conditions: 

(i) Minimum Amounts. 
 (A) in the case of an assignment of the entire remaining amount of the assigning Lender’s Term Loan Commitment and the Term 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 

  
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 (B) in any case not described in paragraph (b)(i)(A) of this Section, the
aggregate amount of the Term Loan Commitment (which for this purpose includes Term Loans outstanding thereunder) or, if the Term Loan Commitment of the assigning Lender is not then in effect, the principal outstanding balance of the Term Loans of
the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and
Acceptance, as of the Trade Date) shall not be less than $1,000,000, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be
unreasonably withheld or delayed). 
 (ii) Proportionate Amounts. Each partial assignment shall be made as
an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement. 
 (iii) Required Consents. No consent shall be required for any assignment except to the extent required by paragraph (b)(i)(B) of this Section and, in addition: 

(A) the consent of the Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless
(x) a Default or Event of Default has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the Borrower shall be deemed to have
consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within 10 Business Days after having received written notice thereof; 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required
for assignments to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund. 
 (iv)
Assignment and Acceptance. The parties to each assignment shall deliver to the Administrative Agent (A) a duly executed Assignment and Acceptance, (B) a processing and recordation fee of $3,500, (C) an Administrative
Questionnaire unless the assignee is already a Lender and (D) the documents required under Section 2.16. 
 (v) No Assignment to Borrower. No such assignment shall be made to the Borrower or any of the Borrower’s Affiliates or Subsidiaries. 

(vi) No Assignment to Natural Persons. No such assignment shall be made to a natural person. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to paragraph (c) of this Section 10.4, from and after
the effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Acceptance, 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 Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance
covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 2.14, 2.15, 2.16 and
10.3 with respect to facts and circumstances occurring prior to the effective date of such assignment. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph shall be
treated for purposes of this Agreement as a sale by such 

  
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Lender of a participation in such rights and obligations in accordance with paragraph (d) of this Section 10.4. If the consent of the Borrower to an assignment is required
hereunder (including a consent to an assignment which does not meet the minimum assignment thresholds specified above), the Borrower shall be deemed to have given its consent ten (10) Business Days after the date notice thereof has actually
been delivered by the assigning Lender (through the Administrative Agent) to the Borrower, unless the Borrower gives written notice to the assigning Lender prior to such tenth (10th) Business Day that the Borrower objects to such assignment. 

(c) The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices in Atlanta,
Georgia a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Term Loan Commitments of, and principal amount of the Term Loans owing to, each Lender pursuant to
the terms hereof from time to time (the “Register”). Information contained in the Register with respect to any Lender shall be available for inspection by such Lender at any reasonable time and from time to time upon reasonable
prior notice; information contained in the Register shall also be available for inspection by the Borrower at any reasonable time and from time to time upon reasonable prior notice. Information contained in the Register shall be conclusive, absent
manifest error. In establishing and maintaining the Register, the Administrative Agent shall serve as the Borrower’s agent solely for tax purposes and solely with respect to the actions described in this Section 10.4, and the
Borrower hereby agrees that, to the extent SunTrust Bank serves in such capacity, SunTrust Bank and its officers, directors, employees, agents, sub-agents and affiliates shall constitute “Indemnitees.” 

(d) Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any
Person (other than a natural person, the Borrower or any of the 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 Term Loan Commitment and/or the Term Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the
other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent and the Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and
obligations under this Agreement. 
 (e) Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender
will not, without the consent of the Participant, agree to any amendment, modification or waiver that, to the extent affecting such Participant: (i) increases the Term Loan Commitment of such Lender, (ii) reduces the principal amount of
any Term Loan or reduces the rate of interest thereon, or reduces any fees payable hereunder, (iii) postpones the date fixed for any payment of any principal of, or interest on, any Term Loan or any fees hereunder or reduces the amount of,
waives or excuses any such payment, or postpones the scheduled date for the termination or reduction of any Term Loan Commitment, (iv) changes Section 2.17(c) or (d) in a manner that would alter the pro rata sharing of
payments required thereby, (v) changes any of the provisions of Section 10.2(b) or the definition of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders which are required to
waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, (vi) releases any Guarantor or limits the liability of any such Guarantor under the Subsidiary Guaranty Agreement or any other guaranty
agreement, except in connection with the sale or other disposition of such Guarantor or as expressly permitted in this Agreement or other Loan Documents or (vii) releases all or substantially all collateral securing any of the Obligations.
Subject to paragraph (f) of this Section 10.4, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.14, 2.15, and 2.16 to the same extent as if it were a Lender and had
acquired its interest by assignment pursuant to paragraph (b) of this Section 10.4. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.7 as though it were a Lender,
provided such Participant agrees to be subject to Section 2.17 as though it were a Lender. 

  
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 (f) A Participant shall not be entitled to receive any greater payment under
Section 2.14 and Section 2.16 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with
the Borrower’s prior written consent. A Participant shall not be entitled to the benefits of Section 2.16 unless the Borrower is notified of, and consents in writing to, the participation sold to such Participant and such
Participant agrees, for the benefit of the Borrower, to comply with Section 2.16(e) as though it were a Lender. 

(g) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve Bank; 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 10.5. GOVERNING LAW;
JURISDICTION; CONSENT TO SERVICE OF PROCESS. 
 (a) THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS SHALL BE
CONSTRUED IN ACCORDANCE WITH AND BE GOVERNED BY THE LAW (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES THEREOF) OF THE STATE OF NEW YORK. 
 (b) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF
NEW YORK, AND THE SUPREME COURT OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED
IN SUCH NEW YORK STATE COURT OR, TO THE EXTENT PERMITTED BY APPLICABLE LAW, SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS
BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT OR ANY LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO
THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(c) EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF
VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING DESCRIBED IN PARAGRAPH (B) OF THIS SECTION 10.5 AND BROUGHT IN ANY COURT REFERRED TO IN PARAGRAPH 

  
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(B) OF THIS SECTION 10.5. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH
ACTION OR PROCEEDING IN ANY SUCH COURT. 
 (d) EACH PARTY TO THIS AGREEMENT IRREVOCABLY CONSENTS TO THE SERVICE OF
PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.1. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. 

Section 10.6. WAIVER OF JURY TRIAL. EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR
ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 10.7. Right of Setoff. In addition to any rights now or hereafter granted under applicable law and not by way
of limitation of any such rights, each Lender shall have the right, at any time or from time to time upon the occurrence and during the continuance of an Event of Default, without prior notice to the Borrower, any such notice being expressly waived
by the Borrower to the extent permitted by applicable law, to set off and apply against all deposits (general or special, time or demand, provisional or final) of the Borrower at any time held or other obligations at any time owing by such Lender to
or for the credit or the account of the Borrower against any and all Obligations held by such Lender, irrespective of whether such Lender shall have made demand hereunder and although such Obligations may be unmatured. Each Lender agrees promptly to
notify the Administrative Agent and the Borrower after any such set-off and any application made by such Lender; provided, that the failure to give such notice shall not affect the validity of such set-off and application. Each Lender agrees
to apply all amounts collected from any such set-off to the Obligations before applying such amounts to any other Indebtedness or other obligations owed by the Borrower and any of its Subsidiaries to such Lender. 

Section 10.8. Counterparts; Integration. This Agreement may be executed by one or more of the parties to this
Agreement on any number of separate counterparts (including by telecopy), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. This Agreement, the Fee Letter, the other Loan Documents, and any
separate letter agreement(s) relating to any fees payable to the Administrative Agent constitute the entire agreement among the parties hereto and thereto regarding the subject matters hereof and thereof and supersede all prior agreements and
understandings, oral or written, regarding such subject matters. 
 Section 10.9. Survival. All covenants,
agreements, representations and warranties made by the Borrower herein and in the certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto
and shall survive the execution and delivery of this Agreement and the making of any Term Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the

  
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Administrative Agent or any Lender may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any credit is extended hereunder, and
shall continue in full force and effect as long as the principal of or any accrued interest on any Term Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid. The provisions of Sections 2.14, 2.15,
2.16, 10.3, 10.17 and Article IX shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Term Loans, the termination of the Term Loan
Commitments or the termination of this Agreement or any provision hereof. All representations and warranties made herein, in the certificates, reports, notices, and other documents delivered pursuant to this Agreement shall survive the execution and
delivery of this Agreement and the other Loan Documents and the making of the Term Loans. 
 Section 10.10.
Severability. Any provision of this Agreement or any other Loan Document held to be illegal, invalid or unenforceable in any jurisdiction, shall, as to such jurisdiction, be ineffective to the extent of such illegality, invalidity or
unenforceability without affecting the legality, validity or enforceability of the remaining provisions hereof or thereof; and the illegality, invalidity or unenforceability of a particular provision in a particular jurisdiction shall not invalidate
or render unenforceable such provision in any other jurisdiction. 
 Section 10.11. Confidentiality. Each of
the Administrative Agent and the Lenders agrees to maintain the confidentiality of any information provided to it by the Borrower or any Subsidiary, except that such information may be disclosed (i) to any Related Party of the Administrative
Agent or any such Lender, including without limitation accountants, legal counsel and other advisors, solely for purposes of evaluating such information, (ii) to the extent required by applicable laws or regulations or by any subpoena or
similar legal process, (iii) to the extent requested by any regulatory agency or authority, (iv) to the extent that such information becomes publicly available other than as a result of a breach of this Section 10.11, or which
becomes available to the Administrative Agent, any Lender or any Related Party of any of the foregoing on a non-confidential basis from a source other than the Borrower or any Subsidiary, (v) in connection with the exercise of any remedy
hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, and (ix) subject to provisions substantially similar to this Section 10.11, to any actual or prospective assignee or
Participant, or (vi) with the consent of the Borrower. Any Person required to maintain the confidentiality of any information as provided for in this Section 10.11 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 its own confidential information. 
 Section 10.12. Interest Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to the Term Loans, together with all fees, charges
and other amounts which may be treated as interest on the Term Loans under applicable law (collectively, the “Charges”), shall exceed the maximum lawful rate of interest (the “Maximum Rate”) which may be contracted
for, charged, taken, received or reserved by a Lender holding a Term Loan in accordance with applicable law, the rate of interest payable in respect of such Term Loan hereunder, together with all Charges payable in respect thereof, shall be limited
to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Term Loan but were not payable as a result of the operation of this Section 10.12 shall be cumulated and the interest
and Charges payable to such Lender in respect of other periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Rate to the date of repayment (to the extent
permitted by applicable law), shall have been received by such Lender. 
 Section 10.13. Waiver of Effect of
Corporate Seal. The Borrower represents and warrants that neither it nor any other Loan Party is required to affix its corporate seal to this Agreement or any other Loan Document pursuant to any Requirement of Law, agrees that this Agreement
is delivered by Borrower under seal and waives any shortening of the statute of limitations that may result from not affixing the corporate seal to this Agreement or such other Loan Documents. 

  
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 Section 10.14. Patriot Act. The Administrative Agent and each Lender
hereby notifies the Loan Parties that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify and record
information that identifies each Loan Party, which information includes the name and address of such Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify such Loan Party in accordance
with the Patriot Act. Each Loan Party shall, and shall cause each of its Subsidiaries to, provide to the extent commercially reasonable, such information and take such other actions as are reasonably requested by the Administrative Agent or any
Lender in order to assist the Administrative Agent and the Lenders in maintaining compliance with the Patriot Act. 

Section 10.15. Officer’s Certificates. It is not intended that any certificate of any officer or director of the
Borrower delivered to the Administrative Agent or any Lender pursuant to this Agreement shall give rise to any personal liability on the part of such officer or director. 
 Section 10.16. Effect of Inclusion of Exceptions. It is not intended that the specification of any exception to any covenant herein shall imply that the excepted matter would, but for
such exception, be prohibited or required. 
 Section 10.17. Intercreditor Agreement. The Lenders acknowledge
that the obligations of the Borrower and the Guarantors in respect of the Existing Credit Agreement will be secured by Liens on the Collateral on a pari passu basis with the Secured Obligations. In connection with the Borrower’s entry into this
Agreement, the Administrative Agent shall enter into the Intercreditor Agreement establishing the relative rights of the Secured Parties and the Existing Credit Facility Secured Parties with respect to the Collateral and certain related matters. The
Lenders hereby irrevocably (i) consent to such pari passu treatment of Liens to be provided for under the Intercreditor Agreement, (ii) authorize the Administrative Agent to execute and deliver the Intercreditor Agreement and any documents
relating thereto, in each case on behalf of, and without any further consent, authorization or other action by, any Lender, (iii) agree that, upon the execution and delivery thereof and so long as it is in effect, the Lenders will be bound by
the provisions of the Intercreditor Agreement, as if it were a signatory thereto and will take no actions contrary to the provisions of the Intercreditor Agreement and (iv) agree that no Lender shall have any right of action whatsoever against
the Administrative Agent as a result of any action taken by the Administrative Agent pursuant to this Section 10.17 or in accordance with the terms of the Intercreditor Agreement. The Lenders hereby further irrevocably authorize the
Administrative Agent to enter into such amendments, supplements or other modifications to the Intercreditor Agreement in connection with any extension, renewal or refinancing of the Term Loans, any amendment, restatement, supplement or other
modification of the Existing Credit Facility Documents or any Permitted Refinancing Indebtedness in respect of the Existing Credit Facility Indebtedness as are reasonably acceptable to the Administrative Agent, in its sole discretion, to give effect
thereto, in each case on behalf of, and without any further consent, authorization or other action by, any Lender. The Administrative Agent shall have the benefit of the provisions of Article IX with respect to all actions referred to in this
Section 10.17 and all actions taken or omitted to be taken by it in accordance with the terms of the Intercreditor Agreement to the full extent thereof. Notwithstanding anything contain herein or in any other Loan Document to the
contrary, any provision hereof or any other Loan Document (a) requiring any Loan Party to deliver possession of any Collateral to the Administrative Agent or its representatives, or to cause the Administrative Agent or its representatives to
control any Collateral, shall be deemed to have been complied with if and for so long as the Existing Credit Facility Administrative Agent shall have such possession or control for the benefit of the Secured Parties and as bailee or sub-agent of the
Administrative Agent as provided in the Intercreditor Agreement or (b) requiring any Loan Party to name the 

  
 68 

 
Administrative Agent as an additional insured or a loss payee under any insurance policy or a beneficiary of any letter of credit, shall have been complied with if any such insurance policy or
letter of credit names the Existing Credit Facility Administrative Agent as an additional insured, loss payee or beneficiary, as the case may be, in each case pursuant to the terms of the Intercreditor Agreement. 

(remainder of page left intentionally blank) 

  
 69 

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

			
	BRISTOW GROUP INC.
		
	By	 	/s/ Joseph A. Baj
		 	 Name: Joseph A. Baj
 Title:
Vice President and Treasurer

  

			
	 SUNTRUST BANK

as Administrative Agent and as a Lender

		
	By	 	/s/ Scott Mackey
		 	 Name: Scott Mackey
 Title:
Director

  
  
  

 

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 
					
	LENDERS:
	
	AMEGY BANK NATIONAL ASSOCIATION
			
		 	By:	 	 /s/ Brad Ellis

		 		 	Name: Brad Ellis
		 		 	Title: Senior Vice President

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 
					
	BANK OF AMERICA, N.A.
			
		 	By:	 	 /s/ Gary L. Mingle

		 		 	Name: Gary L. Mingle
		 		 	Title: Senior Vice President

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 
					
	BRANCH BANKING AND TRUST COMPANY
			
		 	By:	 	 /s/ DeVon J. Lang

		 		 	Name: DeVon J. Lang
		 		 	Title: Vice President

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 
					
	CITIBANK, N.A.
			
		 	By:	 	 /s/ John F. Miller

		 		 	Name: John F. Miller
		 		 	Title: Attorney-in-Fact

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 
					
	COMPASS BANK
			
		 	By:	 	 /s/ Collis Sanders

		 		 	Name: Collis Sanders
		 		 	Title: Executive Vice President

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 
					
	CREDIT SUISSE AG, CAYMAN ISLANDS
		 	BRANCH
			
		 	By:	 	 /s/ Doreen Barr

		 		 	Name: Doreen Barr
		 		 	Title: Director
			
		 	By:	 	 /s/ Michael D. Spaight

		 		 	Name: Michael D. Spaight
		 		 	Title: Associate

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 
					
	HSBC BANK USA, N.A.
			
		 	By:	 	 /s/ Koby West

		 		 	Name: Koby West
		 		 	Title: Assistant Vice President

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 
					
	JPMORGAN CHASE BANK, NATIONAL
		 	ASSOCIATION
			
		 	By:	 	 /s/ Thomas Okamoto

		 		 	Name: Thomas Okamoto
		 		 	Title: Authorized Officer

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 
					
	PNC BANK, NATIONAL ASSOCIATION
			
		 	By:	 	 /s/ John Berry

		 		 	Name: John Berry
		 		 	Title: Vice President

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 
					
	REGIONS BANK
			
		 	By:	 	 /s/ David Valentine

		 		 	Name: David Valentine
		 		 	Title: Vice President

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 
					
	TRUSTMARK NATIONAL BANK
			
		 	By:	 	 /s/ Jeff Deutsch

		 		 	Name: Jeff Deutsch
		 		 	Title: Senior Vice President

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 
					
	U.S. BANK NATIONAL ASSOCIATION
			
		 	By:	 	 /s/ Michael P. Dickman

		 		 	Name: Michael P. Dickman
		 		 	Title: Vice President

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 
					
	WELLS FARGO BANK, NATIONAL
		 	ASSOCIATION
			
		 	By:	 	 /s/ Christina Faith

		 		 	Name: Christina Faith
		 		 	Title: Director

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 
					
	WHITNEY NATIONAL BANK
			
		 	By:	 	 /s/ William A. Hendrix

		 		 	Name: William A. Hendrix
		 		 	Title: Senior Vice President

  
 [SIGNATURE
PAGE TO 
 364-DAY TERM LOAN CREDIT AGREEMENT] 

 Schedule I 
 APPLICABLE MARGIN AND APPLICABLE PERCENTAGE 
  

																									
	 Senior Credit Facilities Pricing
	  	Level I	 	 	Level II	 	 	Level III	 	 	Level IV	 	 	Level V	 	 	Level VI	 
	 Leverage Ratio
	  	 	< 1.75:1.00	  	 	 
 
 	> 1.75:1.00
but <
2.25:1.00	  
  
  	 	 
 
 	> 2.25:1.00
but <
2.75:1.00	  
  
  	 	 
 
 	> 2.75:1.00
but <
3.25:1.00	  
  
  	 	 
 
 	> 3.25:1.00
but <
3.75:1.00	  
  
  	 	 	> 3.75:1.00	  
	 Applicable Margin for Eurodollar Rate Loans
	  	 	1.00	% 	 	 	1.25	% 	 	 	1.50	% 	 	 	1.75	% 	 	 	2.00	% 	 	 	2.25	% 
	 Applicable Margin for Base Rate Loans
	  	 	0.00	% 	 	 	0.25	% 	 	 	0.50	% 	 	 	0.75	% 	 	 	1.00	% 	 	 	1.25	% 
	 Applicable Percentage for Commitment Fee
	  	 	0.25	% 	 	 	0.25	% 	 	 	0.30	% 	 	 	0.30	% 	 	 	0.375	% 	 	 	0.50	% 

 Schedule II 
 TERM LOAN COMMITMENT AMOUNTS 
  

					
	 Lender
	  	Term Loan Commitment	 
	 SunTrust Bank
	  	$	22,500,000	  
	 Credit Suisse AG, Cayman Islands Branch
	  	$	22,500,000	  
	 JPMorgan Chase Bank, National Association
	  	$	18,000,000	  
	 Regions Bank
	  	$	18,000,000	  
	 Compass Bank
	  	$	18,000,000	  
	 Wells Fargo Bank, National Association
	  	$	18,000,000	  
	 Bank of America, N.A.
	  	$	18,000,000	  
	 Citibank, N.A.
	  	$	18,000,000	  
	 HSBC Bank USA, N.A.
	  	$	18,000,000	  
	 Whitney National Bank
	  	$	13,500,000	  
	 U.S. Bank National Association
	  	$	9,000,000	  
	 Amegy Bank National Association
	  	$	9,000,000	  
	 PNC Bank, National Association
	  	$	9,000,000	  
	 Branch Banking and Trust Company
	  	$	6,750,000	  
	 Trustmark National Bank
	  	$	6,750,000	  
		  	  
	  
	 
	 TOTAL:
	  	$	225,000,000.00

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]