Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

ABL CREDIT AGREEMENT 

Dated as of October 2, 2018 

among 
 BASIC ENERGY
SERVICES, INC., 
 as the Borrower, 

BANK OF AMERICA, N.A., 

as Administrative Agent, Swing Line Lender 

and an L/C Issuer, 
 UBS
SECURITIES LLC, 
 as Syndication Agent, 

PNC BANK NATIONAL ASSOCIATION, 

as Documentation Agent and an L/C Issuer, 

and 
 The Other Lenders
Party Hereto 
 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED 

PNC CAPITAL MARKETS LLC 

and 
 UBS SECURITIES LLC,

 as Joint Lead Arrangers and Joint Bookrunners 

 TABLE OF CONTENTS 

 

							
	 ARTICLE I

DEFINITIONS AND ACCOUNTING TERMS
	 
  

	1.01    	  	Defined Terms	  	 	1	 
	1.02	  	Other Interpretive Provisions	  	 	38	 
	1.03	  	Accounting Terms	  	 	39	 
	1.04	  	Rounding	  	 	39	 
	1.05	  	Times of Day	  	 	39	 
	1.06	  	Letter of Credit Amounts	  	 	39	 
	1.07	  	Currency Equivalents Generally	  	 	40	 
	1.08	  	Uniform Commercial Code	  	 	40	 
	1.09	  	LIBOR Amendment	  	 	40	 
	
	 ARTICLE II
	 
	 THE COMMITMENTS AND CREDIT EXTENSIONS
	 
			
	2.01	  	The Loans	  	 	41	 
	2.02	  	Borrowings, Conversions and Continuations of Loans	  	 	41	 
	2.03	  	Letters of Credit	  	 	43	 
	2.04	  	Swing Line Loans	  	 	52	 
	2.05	  	Prepayments	  	 	55	 
	2.06	  	Termination or Reduction of Commitments	  	 	56	 
	2.07	  	Repayment of Loans	  	 	56	 
	2.08	  	Interest	  	 	57	 
	2.09	  	Fees	  	 	58	 
	2.10	  	Computation of Interest and Fees	  	 	58	 
	2.11	  	Evidence of Debt	  	 	58	 
	2.12	  	Payments Generally; Administrative Agent’s Clawback	  	 	59	 
	2.13	  	Sharing of Payments by Lenders	  	 	61	 
	2.14	  	Increase in Commitments	  	 	62	 
	2.15	  	Cash Collateral	  	 	63	 
	2.16	  	Defaulting Lenders	  	 	64	 
	2.17	  	Protective Advances	  	 	65	 
	2.18	  	Overadvances	  	 	66	 
	
	 ARTICLE III
	 
	 TAXES, YIELD PROTECTION AND ILLEGALITY
	 
	3.01	  	Taxes	  	 	66	 
	3.02	  	Illegality	  	 	70	 
	3.03	  	Inability to Determine Rates	  	 	71	 
	3.04	  	Increased Costs; Capital Adequacy	  	 	71	 
	3.05	  	Compensation for Losses	  	 	73	 
	3.06	  	Mitigation Obligations; Replacement of Lenders	  	 	73	 
	3.07	  	Survival	  	 	74	 

  
 ii 

							
	
	 ARTICLE IV
	 
	 CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	 
			
	4.01    	  	Conditions of Initial Credit Extension	  	 	74	 
	4.02	  	Conditions to all Credit Extensions	  	 	78	 
	
	 ARTICLE V
	 
	 REPRESENTATIONS AND WARRANTIES
	 
			
	5.01	  	Existence, Qualification and Power	  	 	78	 
	5.02	  	Authorization; No Contravention	  	 	79	 
	5.03	  	Governmental Authorization; Other Consents	  	 	79	 
	5.04	  	Binding Effect	  	 	79	 
	5.05	  	Financial Statements; No Material Adverse Effect	  	 	80	 
	5.06	  	Litigation	  	 	80	 
	5.07	  	No Default	  	 	80	 
	5.08	  	Ownership of Property; Liens; Investments	  	 	80	 
	5.09	  	Environmental Compliance	  	 	80	 
	5.10	  	Insurance	  	 	81	 
	5.11	  	Taxes	  	 	82	 
	5.12	  	ERISA Compliance	  	 	82	 
	5.13	  	Subsidiaries; Equity Interests; Loan Parties	  	 	82	 
	5.14	  	Margin Regulations; Investment Company Act	  	 	83	 
	5.15	  	Disclosure	  	 	83	 
	5.16	  	Compliance with Laws	  	 	83	 
	5.17	  	Intellectual Property; Licenses, Etc	  	 	84	 
	5.18	  	Solvency	  	 	84	 
	5.19	  	Casualty, Etc.	  	 	84	 
	5.20	  	Labor Matters	  	 	84	 
	5.21	  	Collateral Documents	  	 	84	 
	5.22	  	Sanctions Concerns	  	 	84	 
	5.23	  	EEA Financial Institutions	  	 	84	 
	5.24	  	Indenture Compliance	  	 	84	 
	
	 ARTICLE VI
	 
	 AFFIRMATIVE COVENANTS
	 
			
	6.01	  	Financial Statements; Borrowing Base Certificate	  	 	85	 
	6.02	  	Certificates; Other Information	  	 	87	 
	6.03	  	Notices	  	 	89	 
	6.04	  	Payment of Obligations	  	 	89	 
	6.05	  	Preservation of Existence, Etc.	  	 	90	 
	6.06	  	Maintenance of Properties	  	 	90	 
	6.07	  	Maintenance of Insurance	  	 	90	 
	6.08	  	Compliance with Laws	  	 	91	 
	6.09	  	Books and Records	  	 	91	 
	6.10	  	Inspection Rights	  	 	91	 
	6.11	  	Use of Proceeds	  	 	92	 
	6.12	  	Covenant to Guarantee Obligations and Give Security	  	 	92	 
	6.13	  	Compliance with Environmental Laws	  	 	94	 
	6.14	  	Preparation of Environmental Reports	  	 	94	 
	6.15	  	Further Assurances	  	 	95	 
	6.16	  	Compliance with Terms of Leaseholds	  	 	95	 
	6.17	  	Material Contracts	  	 	95	 
	6.18	  	Administration of Deposit Accounts	  	 	96	 
	6.19	  	Designation and Conversion of Restricted and Unrestricted Subsidiaries; Covenants With Respect to Unrestricted Subsidiaries	  	 	96	 

  
 iii 

							
	
	 ARTICLE VII
	 
	 NEGATIVE COVENANTS
	 
			
	7.01    	  	Liens	  	 	97	 
	7.02	  	Indebtedness	  	 	99	 
	7.03	  	Investments	  	 	101	 
	7.04	  	Fundamental Changes	  	 	102	 
	7.05	  	Dispositions	  	 	102	 
	7.06	  	Restricted Payments	  	 	103	 
	7.07	  	Change in Nature of Business	  	 	104	 
	7.08	  	Transactions with Affiliates	  	 	104	 
	7.09	  	Burdensome Agreements	  	 	104	 
	7.10	  	Use of Proceeds	  	 	105	 
	7.11	  	Consolidated Fixed Charge Coverage Ratio	  	 	105	 
	7.12	  	Amendments of Organization Documents	  	 	105	 
	7.13	  	Accounting Changes	  	 	105	 
	7.14	  	Prepayments, Etc. of Indebtedness	  	 	105	 
	7.15	  	Amendment, Etc. of Indebtedness	  	 	106	 
	7.16	  	Sanctions	  	 	106	 
	
	 ARTICLE VIII
	 
	 EVENTS OF DEFAULT AND REMEDIES
	 
			
	8.01	  	Events of Default	  	 	106	 
	8.02	  	Remedies upon Event of Default	  	 	108	 
	8.03	  	Application of Funds	  	 	109	 
	
	 ARTICLE IX
	 
	 ADMINISTRATIVE AGENT
	 
			
	9.01	  	Appointment and Authority	  	 	110	 
	9.02	  	Rights as a Lender	  	 	111	 
	9.03	  	Exculpatory Provisions	  	 	111	 
	9.04	  	Reliance by Administrative Agent	  	 	112	 
	9.05	  	Delegation of Duties	  	 	113	 
	9.06	  	Resignation of Administrative Agent	  	 	113	 
	9.07	  	Non-Reliance on Administrative Agent and Other Lenders	  	 	114	 
	9.08	  	No Other Duties, Etc.	  	 	114	 
	9.09	  	Administrative Agent May File Proofs of Claim; Credit Bidding	  	 	115	 
	9.10	  	Collateral and Guaranty Matters	  	 	116	 
	9.11	  	Secured Cash Management Agreements and Secured Hedge Agreements	  	 	117	 
	9.12	  	Certain ERISA Matters	  	 	117	 

  
 iv 

							
	
	 ARTICLE X
	 
	 MISCELLANEOUS
	 
			
	10.01	  	Amendments, Etc.	  	 	118	 
	10.02	  	Notices; Effectiveness; Electronic Communications	  	 	120	 
	10.03	  	No Waiver; Cumulative Remedies; Enforcement	  	 	122	 
	10.04	  	Expenses; Indemnity; Damage Waiver	  	 	123	 
	10.05	  	Payments Set Aside	  	 	125	 
	10.06	  	Successors and Assigns	  	 	126	 
	10.07	  	Treatment of Certain Information; Confidentiality	  	 	130	 
	10.08	  	Right of Setoff	  	 	131	 
	10.09	  	Interest Rate Limitation	  	 	132	 
	10.10	  	Counterparts; Integration; Effectiveness	  	 	132	 
	10.11	  	Survival of Representations and Warranties	  	 	132	 
	10.12	  	Severability	  	 	133	 
	10.13	  	Replacement of Lenders	  	 	133	 
	10.14	  	Governing Law; Jurisdiction; Etc.	  	 	134	 
	10.15	  	Waiver of Jury Trial	  	 	135	 
	10.16	  	No Advisory or Fiduciary Responsibility	  	 	135	 
	10.17	  	Electronic Execution of Assignments and Certain Other Documents	  	 	136	 
	10.18	  	USA PATRIOT Act	  	 	136	 
	10.19	  	Keepwell	  	 	136	 
	10.20	  	Credit Inquiries	  	 	137	 
	10.21	  	Performance of Borrower’s Obligations	  	 	137	 
	10.22	  	Waivers by Borrower	  	 	137	 
	10.23	  	ENTIRE AGREEMENT	  	 	137	 
	10.24	  	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	138	 

  
 v 

 SCHEDULES 
  

			
	1.01	 	Commitments and Applicable Percentages
	1.01(a)	 	Existing Letters of Credit
	5.13	 	Subsidiaries and Other Equity Investments; Loan Parties
	6.12	 	Guarantors
	6.18	 	Deposit Accounts
	7.01	 	Existing Liens
	7.02	 	Existing Indebtedness
	7.03	 	Investments
	7.09	 	Burdensome Agreements
	10.02	 	Administrative Agent’s Office, Certain Addresses for Notices

 EXHIBITS 
  

			
	 Form of
	  	
	 A
	  	Revolving Credit Loan Notice
	 B
	  	Swing Line Loan Notice
	 C
	  	Note
	 D
	  	Compliance Certificate
	 E-1
	  	Assignment and Assumption
	 E-2
	  	Administrative Questionnaire
	 F
	  	Notice of Loan Prepayment
	 G
	  	Secured Party Designation Notice
	 H
	  	Letter of Credit Report
	 I-1
–I-4
	  	U.S. Tax Compliance Certificates
	 J
	  	Borrowing Base Certificate

  
 vi 

 ABL CREDIT AGREEMENT 

This ABL CREDIT AGREEMENT (“Agreement”) is entered into as of October 2, 2018 among Basic Energy Services, Inc., a
Delaware corporation (the “Borrower”), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), and BANK OF AMERICA, N.A., as Administrative Agent, a
Swing Line Lender and an L/C Issuer. 
 PRELIMINARY STATEMENTS: 

The Borrower has requested that the Lenders provide a revolving credit facility in the initial amount of $150,000,000, and the Lenders have
agreed to lend, and the L/C Issuers have agreed to issue letters of credit, in each case on the terms and subject to the conditions set forth herein. 

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

ARTICLE I 
 DEFINITIONS
AND ACCOUNTING TERMS 
 1.01 Defined Terms. As used in this Agreement, the following terms shall have the meanings set
forth below: 
 “Acceptable Senior Notes Refinancing” means the payment in full of the Senior Notes, including the entire
outstanding principal amount thereof and interest, fees, premiums, and other applicable amounts due with respect thereto pursuant to a refinancing with Indebtedness that satisfies the requirements of Section 7.02(g)(ii). 

“Account” has the same meaning as defined in the UCC, including all rights to payment for goods sold or leased, or for
services rendered. 
 “Account Debtor” means a Person obligated under an Account, Chattel Paper or General Intangible. 

“Acquisition” means the acquisition, directly or indirectly, by any Person of (a) at least a majority of the Equity
Interests of another Person, (b) all or substantially all of the assets of another Person or (c) all or substantially all of a line of business or division of another Person, in each case (i) whether or not involving a merger or a
consolidation with such other Person and (ii) whether in one transaction or a series of related transactions. 
 “Acquisition
Consideration” means, in connection with any Acquisition, the total cash and noncash consideration (including the fair market value of all Equity Interests issued or transferred to the sellers thereof, all indemnities, earnouts and other
contingent payment obligations to, and the aggregate amounts paid or to be paid under noncompete, consulting and other affiliated agreements with, the sellers thereof, all write-downs of property and reserves for liabilities with respect thereto and
all assumptions of debt, liabilities and other obligations in connection therewith) paid by or on behalf of the Borrower and its Subsidiaries for such Acquisition. 

 “Administrative Agent” means Bank of America in its capacity as
administrative agent under any of the Loan Documents, or any successor administrative agent. 
 “Administrative Agent’s
Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders.

 “Administrative Questionnaire” means an Administrative Questionnaire in substantially the form of Exhibit E-2 or any other form approved by the Administrative Agent. 
 “Affiliate” means, with
respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Aggregate Commitments” means the Commitments of all the Lenders. As of the Closing Date, the Aggregate Commitments are
$150,000,000. 
 “Agreement” means this ABL Credit Agreement. 

“Anti-Terrorism Law” means any law relating to terrorism or money laundering, including the Patriot Act. 

“Applicable Fee Rate” means, at any time, a per annum rate equal to (a) 0.500% if average daily Revolving Credit Usage was
less than 50% of the Aggregate Commitments during the previous calendar quarter, or (b) 0.375% if average daily Revolving Credit Usage was equal to or greater than 50% of the Aggregate Commitments during such quarter. 

“Applicable Percentage” means, with respect to any Lender at any time, the percentage (carried out to the ninth decimal
place) of the Aggregate Commitments represented by such Lender’s Commitment at such time, subject to adjustment as provided in Section 2.16. If the commitment of each Lender to make Loans and the obligation of each L/C Issuer to make L/C
Credit Extensions have been terminated pursuant to Section 8.02, or if the Commitments have expired, then the Applicable Percentage of each Lender in respect of the Aggregate Commitments shall be determined based on the Applicable Percentage of
such Lender in respect of the Aggregate Commitments most recently in effect, giving effect to any subsequent assignments. The initial Applicable Percentage of each Lender is set forth opposite the name of such Lender on Schedule 1.01 or in the
Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable. 

  
 -2- 

 “Applicable Rate” means (i) from the Closing Date to April 1,
2019, 1.00% per annum for Base Rate Loans and 2.00% per annum for LIBOR Loans and Letter of Credit Fees and (ii) thereafter, the applicable percentage per annum set forth below for each fiscal quarter (each an “Applicable
Quarter”) determined by reference to the average daily Availability as a percentage of the Borrowing Base during the fiscal quarter immediately preceding such Applicable Quarter (as to each Applicable Quarter, the “Reference
Quarter”) as determined by the Administrative Agent based on the Borrowing Base Certificates delivered by the Borrower to the Administrative Agent: 

Applicable Rate 
  

									
					
	 Pricing Level
	  	Average Daily
Availability as a
Percentage of the
Borrowing Base	 	LIBOR Rate	 	Base Rate	 	Letter of Credit
Fees
	 1
	  	>66.66%	 	1.75%	 	0.75%	 	1.75%
	 2
	  	£ 66.66% but > 33.33%	 	2.00%	 	1.00%	 	2.00%
	 3
	  	£ 33.33%	 	2.25%	 	1.25%	 	2.25%

 Any increase or decrease in the Applicable Rate for any Applicable Quarter resulting from a change in the average daily
Availability for the applicable Reference Quarter shall become effective as of the first day of the first calendar month in the Applicable Quarter. If the Administrative Agent is unable to calculate average daily Availability for any Reference
Quarter due to Borrower’s failure to deliver any Borrowing Base Certificate when required pursuant to Section 6.01(e), then, at the option of the Administrative Agent or the Required Lenders, Pricing Level 3 shall
apply during the Applicable Quarter until the first day of the calendar month following delivery of such Borrowing Base Certificate. 

“Approved Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or
(c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Arrangers” means MLPFS, PNC
Capital Markets LLC and UBS Securities LLC, each in its capacity as joint lead arranger and joint bookrunner. 
 “Assignment and
Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative
Agent, in substantially the form of Exhibit E-1 or any other form (including an electronic documentation form generated by use of an electronic platform) approved by the Administrative Agent. 

“Attributable Indebtedness” means, on any date, (a) in respect of any Capitalized Lease of any Person, the capitalized
amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, (b) in respect of any Synthetic Lease Obligation, the capitalized amount of the remaining lease or similar payments under the
relevant lease or other applicable agreement or instrument that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease or other agreement or instrument were accounted for as a Capitalized Lease
and (c) all Synthetic Debt of such Person. 
 “Audited Financial Statements” means the audited consolidated balance
sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2017, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its
Subsidiaries, including the notes thereto. 
 “Availability” means the Borrowing Base minus Total Outstandings. 

  
 -3- 

 “Availability Period” means the period from and including the Closing Date
to the earliest of (i) the Maturity Date, (ii) the date of termination of the Commitments pursuant to Section 2.06, and (iii) the date of termination of the commitment of each Lender to make Revolving Credit
Loans and of the obligation of each L/C Issuer to make L/C Credit Extensions pursuant to Section 8.02. 

“Availability Reserve” means the sum (without duplication) of (a) the Bank Product Reserve; (b) the Rent and
Charges Reserve, (c) the Dilution Reserve; (d) all accrued Royalties, whether or not then due and payable by any Loan Party; (e) the aggregate amount of liabilities secured by Liens upon the Collateral that are senior to
Administrative Agent’s Liens (but imposition of any such reserve shall not waive an Event of Default arising therefrom); and (f) such additional reserves, in such amounts and with respect to such matters, as Administrative Agent in its
Permitted Discretion may elect to impose from time to time; provided that unless an Event of Default exists and is continuing (in which case no notice shall be required and any changes shall take effect immediately), no change in respect of a new
category of additional reserves shall take effect until the third (3rd) Business Day following delivery by Administrative Agent of written notification to Borrower of such new category (during which period Administrative Agent shall be available to
discuss any such proposed new reserve category with Borrower and Borrower may take such action as may be required to eliminate the event, condition or matter that is the basis for such new category). 

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

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 “Bank of America” means Bank of America, N.A. and its successors. 

“Bank Product” means any of the following products, services or facilities extended to the Borrower or a Subsidiary of the
Borrower by a Lender or any of its Affiliates: (a) services under Cash Management Agreements; (b) products under Swap Contracts; and (c) other banking products or services, other than Letters of Credit. 

“Bank Product Reserve” means the aggregate amount of reserves established by Administrative Agent from time to time in its
Permitted Discretion in respect of Secured Bank Product Obligations; provided that no Bank Product Reserve will be established in respect of the P-Card Agreements so long as the Treasury Management Control
Agreement remains in effect. 
 “Base Rate” means for any day a fluctuating rate per annum equal to the highest of
(a) the Federal Funds Rate plus 1/2 of 1%, (b) the Prime Rate, and (c) LIBOR for a 30 day interest period as of such day plus 1.00%; provided that in no event shall the Base Rate be less than zero. 

“Base Rate Loan” means a Revolving Credit Loan that bears interest based on the Base Rate. 

  
 -4- 

 “Beneficial Ownership Certification” means a certification regarding
beneficial ownership as required by the Beneficial Ownership Regulation, in form and substance satisfactory to Administrative Agent. 

“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. 

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of
ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of
the Code) the assets of any such “employee benefit plan” or “plan”. 
 “BER” means Basic Energy
Receivables, LLC, a Delaware limited liability company. 
 “BER Holdco” means BER Holdco, LLC, a Delaware limited liability
company. 
 “BESI” means Basic Energy Services International, LLC, a Delaware limited liability company. 

“Borrower” has the meaning specified in the introductory paragraph hereto. 

“Borrower Materials” has the meaning specified in Section 6.02. 

“Borrowing” means a Revolving Credit Borrowing or a Swing Line Borrowing, as the context may require. 

“Borrowing Base” means, on any date of determination, an amount equal to the lesser of (a) the Aggregate Commitments; or
(b) the sum, without duplication, of the following: 
 (i) 85% of the Value of Eligible Accounts, plus 

(ii) the lesser of (A) 80% of the Value of Eligible Unbilled Accounts or (B) $30,000,000, minus 

(iii) the Availability Reserve. 

No Borrowing Base calculation shall include Collateral acquired in a Permitted Acquisition or otherwise outside the ordinary course of business until
completion of applicable field examinations satisfactory to Administrative Agent (which shall not be included in the limits provided in Section 6.10(b)). 

“Borrowing Base Certificate” means a certificate substantially in the form of Exhibit J or in such other form as is
reasonably satisfactory to the Administrative Agent, by which Borrower certifies the calculation of the Borrowing Base. 

  
 -5- 

 “Business Day” means any day other than a Saturday, Sunday or other day on
which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and, if such day relates to any LIBOR Loan, means any such day that is also a London
Banking Day. 
 “Capital Expenditures” means, with respect to any Person for any period, any expenditure in respect of the
purchase or other acquisition of any fixed or capital asset; provided that Capital Expenditures shall not include any such expenditures relating to Capitalized Leases, purchase money obligations or Synthetic Lease Obligations, in each case,
permitted pursuant to Section 7.02(f) or any such expenditures incurred in connection with Permitted Acquisitions permitted pursuant to Section 7.03(g). For purposes of this definition, the
purchase price of equipment that is purchased simultaneously with the trade-in of existing equipment or with insurance proceeds shall be included in Capital Expenditures only to the extent of the amount by
which such purchase price exceeds the credit granted by the seller of such equipment for the equipment being traded in at such time or the amount of such insurance proceeds, as the case may be. 

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

 “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the
Administrative Agent, L/C Issuers or the Swing Line Lenders (as applicable) and the Lenders, as collateral for L/C Obligations, Obligations in respect of Swing Line Loans, or obligations of Lenders to fund participations in respect of either thereof
(as the context may require), (a) cash or deposit account balances, (b) backstop letters of credit entered into on terms, from issuers and in amounts satisfactory to the Administrative Agent and the applicable L/C Issuer, and/or (c) if the
L/C Issuers or Swing Line Lenders benefitting from such collateral shall agree in its sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to (x) the Administrative Agent and
(y) the L/C Issuers or the Swing Line Lenders (as applicable). “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support. 

“Cash Dominion Trigger Period” means the period (a) commencing on the day that (i) an Event of Default occurs, or
(ii) Availability is less than the greater of (x) 12.5% of the Borrowing Base or (y) $18,750,000, and (b) continuing until, during each of the preceding 30 consecutive days, no Event of Default has existed and Availability has at all times
exceeded the greater of (i) 12.5% of the Borrowing Base or (ii) $18,750,000. 
 “Cash Equivalents” means any of the
following types of Investments, to the extent owned by the Borrower or any of its Restricted Subsidiaries free and clear of all Liens (other than Liens created under the Collateral Documents and other Liens permitted hereunder): 

(a) readily marketable obligations issued or directly and fully guaranteed or insured by the United States of America or any agency or
instrumentality thereof having maturities of not more than 360 days from the date of acquisition thereof; provided that the full faith and credit of the United States of America is pledged in support thereof; 

  
 -6- 

 (b) time deposits with, or insured certificates of deposit or bankers’ acceptances of,
any commercial bank that (i) (A) is a Lender or (B) is organized under the laws of the United States of America, any state thereof or the District of Columbia or is the principal banking subsidiary of a bank holding company organized under
the laws of the United States of America, any state thereof or the District of Columbia, and is a member of the Federal Reserve System, (ii) issues (or the parent of which issues) commercial paper rated as described in clause (c) of this
definition and (iii) has combined capital and surplus of at least $1,000,000,000, in each case with maturities of not more than 180 days from the date of acquisition thereof; 

(c) commercial paper issued by any Person organized under the laws of any state of the United States of America and rated at least “Prime-1” (or the then equivalent grade) by Moody’s or at least “A-1” (or the then equivalent grade) by S&P, in each case with
maturities of not more than 180 days from the date of acquisition thereof; and 
 (d) Investments, classified in accordance with GAAP as
current assets of the Borrower or any of its Restricted Subsidiaries, in money market investment programs registered under the Investment Company Act of 1940, which are administered by financial institutions that have the highest rating obtainable
from either Moody’s or S&P, and the portfolios of which are comprised of least 95% of Investments of the character, quality and maturity described in clauses (a), (b) and (c) of this definition. 

“Cash Management Agreement” means any agreement to provide cash management services, including treasury, depository,
overdraft, credit or debit card, electronic funds transfer and other cash management arrangements. 
 “Cash Management
Bank” means any Person in its capacity as a party to a Cash Management Agreement that, (a) at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, or (b) at the time it (or its Affiliate)
becomes a Lender, is a party to a Cash Management Agreement, in each case, in its capacity as a party to such Cash Management Agreement (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender);
provided, however, that for any of the foregoing to be included as a “Secured Cash Management Agreement” on any date of determination by the Administrative Agent, the applicable Cash Management Bank (other than the
Administrative Agent or an Affiliate of the Administrative Agent) must have delivered a Secured Party Designation Notice to the Administrative Agent prior to such date of determination. 

“CERCLA” means the Comprehensive Environmental Response Compensation and Liability Act (42 U.S.C. § 9601 et
seq.). 
 “CERCLIS” means the Comprehensive Environmental Response, Compensation and Liability Information System
maintained by the U.S. Environmental Protection Agency. 
 “CFC” means a Person that is a controlled foreign corporation
under Section 957 of the Code. 
 “Change in Law” means the occurrence, after the Closing Date, of any of the
following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental
Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority, provided that 

  
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notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, or directives thereunder or issued in
connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or
foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 

“Change of Control” means an event or series of events by which: 

(a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange
Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, except that a person or group shall be deemed to have “beneficial
ownership” of all securities that such person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time (such right, an “option right”)), directly or indirectly, of
35% or more of the equity securities of the Borrower entitled to vote for members of the board of directors or equivalent governing body of the Borrower on a fully-diluted basis (and taking into account all such securities that such
“person” or “group” has the right to acquire pursuant to any option right); or 
 (b) during any period of
12 consecutive months, a majority of the members of the board of directors or other equivalent governing body of the Borrower cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day
of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that
board or equivalent governing body, or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or
nomination at least a majority of that board or equivalent governing body; or 
 (c) the passage of 30 days from the date upon which any
Person or two or more Persons acting in concert shall have acquired by contract or otherwise, or shall have entered into a contract or arrangement that, upon consummation thereof, will result in its or their acquisition of the power to exercise,
directly or indirectly, a controlling influence over the management or policies of the Borrower, or control over the equity securities of the Borrower entitled to vote for members of the board of directors or equivalent governing body of the
Borrower on a fully-diluted basis (and taking into account all such securities that such Person or Persons have the right to acquire pursuant to any option right) representing 35% or more of the combined voting power of such securities; or 

(d) a “change of control” or any comparable term under, and as defined in, any of the Senior Notes Documents or any other
significant debt shall have occurred. 
 “Closing Date” means the first date all the conditions precedent in
Section 4.01 are satisfied or waived in accordance with Section 10.01. 

  
 -8- 

 “Code” means the Internal Revenue Code of 1986, as amended, and any
successor statute. 
 “Collateral” means all of the “Collateral” referred to in the Collateral Documents
and all of the other property that is or is intended under the terms of the Collateral Documents to be subject to Liens in favor of the Administrative Agent for the benefit of the Secured Parties; but, for the avoidance of doubt, Collateral shall
not include any equity interest in the Loan Parties or any of their Subsidiaries. 
 “Collateral Documents” means,
collectively, the Security Agreement, Security Agreement Supplements, security agreements, pledge agreements, landlord’s agreements, control agreements or other similar agreements delivered to the Administrative Agent pursuant to
Section 4.01 and Section 6.12, and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Administrative Agent for the benefit of the
Secured Parties. 
 “Collateral Rights Agreement” means that certain Collateral Rights Agreement dated as of the Closing
Date among the Administrative Agent, the Senior Notes Trustee and the Loan Parties, in form and substance satisfactory to the Administrative Agent. 

“Commitment” means, as to each Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to
Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth
opposite such Lender’s name on Schedule 1.01 under the caption “Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount
may be adjusted from time to time in accordance with this Agreement. 
 “Commodity Exchange Act” means the Commodity
Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute. 
 “Compliance
Certificate” means a certificate substantially in the form of Exhibit D. 
 “Connection Income
Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 

“Consolidated EBITDA” means, at any date of determination, an amount equal to Consolidated Net Income of the Borrower and its
Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period plus (a) without duplication, the following to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated
Interest Charges, (ii) the provision for federal, state, local and foreign income taxes payable, (iii) depreciation and amortization expense (including amortization of intangibles, but excluding amortization of prepaid cash expenses that
were paid in a prior Measurement Period), (iv) impairment (other than any impairment in respect of Collateral) and other expenses reducing such Consolidated Net Income which do not represent a cash item in such period or any future period,
(v) stock-based compensation expenses which do not represent a cash item in such period or any future period (in each case of or by the Borrower and its Restricted Subsidiaries for such Measurement Period), (vi) the write-off of unamortized deferred financing, legal and accounting costs in connection with the refinancing of the Receivables Facility Agreement and the Term Loan 

  
 -9- 

 
Agreement on the Closing Date, (vii) prepayment premiums, redemption premiums, fees, and other amounts expensed in connection with the redemption or prepayment of the Receivables Facility
Agreement and the Term Loan Agreement on the Closing Date; (viii) any reasonable and customary fees, expenses, charges or losses (other than depreciation or amortization expense) related to any public or private sale of Qualified Capital Stock
of the Company or options, warrants or rights with respect to its Qualified Capital Stock (other than sales made to any Subsidiary of the Borrower and sales of Disqualified Capital Stock) made for cash after Closing Date, Material Acquisitions,
Material Dispositions or the incurrence of Indebtedness permitted to be incurred under this Agreement (including a refinancing thereof), in each case regardless of whether successful, and including such fees, expenses, charges or losses related to
(a) the offering of the Senior Notes and the Indebtedness under this Agreement and (b) any amendment or other modification of the Senior Notes or the Loan Documents and, in each case, deducted (and not added back) in computing such
Consolidated Net Income; provided that the amounts added pursuant to this clause subclause (viii), together with any amounts added pursuant to subclause (ix) below, shall not in the aggregate exceed, in any Measurement Period, 15% of
Consolidated EBITDA for such Measurement Period (prior to giving effect to the addbacks pursuant to this subclause (viii) and subclause (ix)), and (ix) the amount of any restructuring charge or reserve, integration cost or other business
optimization expense during such Measurement Period and severance costs; provided that the amounts added pursuant to this clause subclause (ix), together with any amounts added pursuant to subclause (viii) above, shall not in the aggregate
exceed, in any Measurement Period, 15% of Consolidated EBITDA for such Measurement Period (prior to giving effect to the addbacks pursuant to subclause (viii) and this subclause (ix)), and minus (b) the following to the extent
included in calculating such Consolidated Net Income: (i) federal, state, local and foreign income tax credits and (ii) all non-cash items increasing Consolidated Net Income (in each case of or by
the Borrower and its Restricted Subsidiaries for such Measurement Period). Consolidated EBITDA shall be calculated for each Measurement Period, on a Pro Forma Basis, after giving effect to, without duplication, any Material Acquisition (as defined
below) and any Material Disposition (as defined below) and, at the Borrower’s election, any other Acquisition or Disposition, in each case, made during each period commencing on the first day of such period to and including the date of such
transaction (the “Reference Period”) as if such Acquisition or Disposition and any related incurrence or repayment of Indebtedness occurred on the first day of the Reference Period. As used in this definition, “Material
Acquisition” means any Acquisition with Acquisition Consideration of $3,000,000 or more and “Material Disposition” means any Disposition resulting in net sale proceeds of $10,000,000 or more. 

“Consolidated Fixed Charge Coverage Ratio” means the ratio, determined on a consolidated basis for the Borrower and its
Restricted Subsidiaries for the most recent Measurement Period of (a) Consolidated EBITDA minus Capital Expenditures (except those financed with borrowed money other than Revolver Loans or Equity Proceeds) and cash taxes paid, to
(b) Consolidated Fixed Charges. Notwithstanding anything herein to the contrary, for the purposes of calculating the Consolidated Fixed Charge Coverage Ratio and the components thereof, all Unrestricted Subsidiaries and their Subsidiaries
(including their assets, liabilities, income, losses, cash flows, and the elements thereof) shall be excluded, except for any cash dividends or distributions actually paid by any Unrestricted Subsidiary or any of its Subsidiaries to a Loan Party,
which shall be deemed to be income to such Loan Party when actually received by it. 

  
 -10- 

 “Consolidated Fixed Charges” means the sum of Consolidated Interest Charges
(other than payment-in-kind or amortization of fees and other non-cash items treated as interest in accordance with GAAP),
scheduled principal payments and voluntary prepayments made on borrowed money (including purchase money Indebtedness, Attributable Indebtedness and the deferred purchase price of property or services), and Restricted Payments made. 

“Consolidated Interest Charges” means, for any Measurement Period, the sum of (a) all interest, premium payments, debt
discount, fees, charges and related expenses in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP,
(b) all interest paid or payable with respect to discontinued operations and (c) the portion of rent expense under Capitalized Leases that is treated as interest in accordance with GAAP, in each case, of or by the Borrower and its
Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period. 
 “Consolidated Net
Income” means, at any date of determination, the net income (or loss) of the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period; provided that Consolidated Net Income
shall exclude (a) extraordinary gains and extraordinary losses for such Measurement Period, (b) the net income of any Restricted Subsidiary during such Measurement Period to the extent that the declaration or payment of dividends or
similar distributions by such Restricted Subsidiary of such income is not permitted by operation of the terms of its Organization Documents or any agreement, instrument or Law applicable to such Restricted Subsidiary during such Measurement Period,
except that the Borrower’s equity in any net loss of any such Restricted Subsidiary for such Measurement Period shall be included in determining Consolidated Net Income, (c) any income (or loss) for such Measurement Period of any Person if
such Person is not a Restricted Subsidiary, except that the Borrower’s equity in the net income of any such Person for such Measurement Period shall be included in Consolidated Net Income up to the aggregate amount of cash actually distributed
by such Person during such Measurement Period to the Borrower or a Restricted Subsidiary as a dividend or other distribution (and in the case of a dividend or other distribution to a Restricted Subsidiary, such Restricted Subsidiary is not precluded
from further distributing such amount to the Borrower as described in clause (b) of this proviso), and (d) the effects of non-cash adjustments in such Person’s consolidated financial statements
pursuant to GAAP resulting from the application of “fresh start accounting” implemented in accordance with FASB ASC 852. 

“Consolidated Tangible Assets” means, with respect to any Person as of any date, the amount which, in accordance with GAAP,
would be set forth under the caption “Total Assets” (or any like caption) on a consolidated balance sheet of such Person and its consolidated Subsidiaries, less all assets that are considered to be intangible assets under GAAP, including
customer lists, goodwill, computer software, copyrights, trade names, trademarks, patents, franchises, licenses, unamortized deferred charges, unamortized debt discount and capitalized research and development costs. 

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

  
 -11- 

 “Control” means the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative
thereto. 
 “Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit Extension. 

“Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy,
assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights
of creditors generally. 
 “Default” means any event or condition that constitutes an Event of Default or that, with the
giving of any notice, the passage of time, or both, would be an Event of Default. 
 “Default Rate” means (a) when
used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate applicable to Base Rate Loans plus (iii) 2% per annum; provided,
however, that with respect to a LIBOR Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum and (b) when used with respect
to Letter of Credit Fees, a rate equal to the Applicable Rate plus 2% per annum. 
 “Defaulting Lender” means,
subject to Section 2.16(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such
Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any
applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any L/C Issuer, any Swing Line Lender or any other Lender any other amount required to be paid by it
hereunder (including in respect of its participation in Letters of Credit or Swing Line Loans) within two (2) Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent, the applicable L/C Issuer or the
applicable Swing Line Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund
a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or
public statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will
comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the
Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator,
assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its 

  
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business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity, or (iii) becomes subject to a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof
by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets
or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or
more of clauses (a) through (d) above, and the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to
Section 2.16(b)) as of the date established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Borrower, each L/C Issuer, each Swing
Line Lender and each other Lender promptly following such determination. 
 “Designated Jurisdiction” means any country or
territory that is the target of a Sanction. 
 “Dilution Percent” means the percent, determined for the Borrower’s
most recent fiscal quarter, equal to (a) bad debt write-downs or write-offs, discounts, returns, promotions, credits, credit memos and other dilutive items with respect to Accounts, divided by (b) gross sales. 

“Dilution Reserve” means the aggregate amount of reserves in an amount equal to the Value of the Eligible Accounts
multiplied by 1.0% for each percentage point (or portion thereof) that the Dilution Percent exceeds 5.0%. 
 “Disqualified
Capital Stock” means any Equity Interest which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the
result of an optional redemption by the issuer thereof) or is mandatorily redeemable for any consideration other than solely an Equity Interest in such Person (which would constitute Qualified Capital Stock), pursuant to a sinking fund obligation or
otherwise, or is redeemable at the option of the holder thereof for any consideration other than solely an Equity Interest in such Person (which would constitute Qualified Capital Stock) at the option of the holder thereof, in whole or in part on or
prior to the date that is 181 days after the earlier of the Maturity Date and payment in full of the Obligations, (b) is convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities or
(ii) any Equity Interests referred to in (a) above, or (c) contains any repurchase obligation on or prior to the date that is 181 days after the earlier of the Maturity Date and payment in full of the Obligations. 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale
and leaseback transaction) of any property by any Person including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 

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

  
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 “Domestic Subsidiary” means any Subsidiary that is organized under the laws
of any political subdivision of the United States. 
 “Dominion Account” means a special account established by the
Borrower or any Guarantor at Bank of America or another bank acceptable to the Administrative Agent, over which the Administrative Agent has exclusive control for withdrawal purposes. 

“Earn Out Obligation” means those contingent obligations of the Borrower or any Guarantor incurred in favor of a seller (or
other third party entitled thereto) under or with respect to any Permitted Acquisition. 
 “EEA Financial Institution”
means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an
institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to
consolidated supervision with its parent. 
 “EEA Member Country” means any of the member states of the European Union,
Iceland, Liechtenstein and Norway. 
 “EEA Resolution Authority” means any public administrative authority or any Person
entrusted with public administrative authority of an EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Eligible Account” means an Account owing to a Loan Party that arises in the ordinary course of business from the sale or
lease of inventory or rendition of services, is invoiced and payable in Dollars and is deemed by the Administrative Agent, in its Permitted Discretion, to be an Eligible Account. Without limiting the foregoing, no Account shall be an Eligible
Account if (a) it is unpaid for more than 60 days after the original due date, or more than 90 days after the original invoice date; (b) 50% or more of the Accounts owing by the Account Debtor are not Eligible
Accounts under the foregoing clause; (c) when aggregated with other Accounts owing by the Account Debtor or affiliated Account Debtors, it exceeds 20% of the aggregate Eligible Accounts (or such higher percentage as the
Administrative Agent may establish for the Account Debtor from time to time) to the extent the obligations owing by such Account Debtor are in excess of such percentage; (d) any representation or warranty contained herein or in the Security
Agreement with respect to such Account has been breached, or any covenant contained herein or in the Security Agreement with respect to such Account has been breached; (e) it is owing by a creditor or supplier, or is otherwise subject to a
potential offset, counterclaim, dispute, deduction, discount, recoupment, reserve, defense, chargeback, credit or allowance (but ineligibility shall be limited to the amount thereof); (f) an Insolvency Proceeding has been commenced by or against the
Account Debtor; or the Account Debtor has failed, has suspended or ceased doing business, is liquidating, dissolving or winding up its affairs, is not Solvent, or is subject to Sanctions or any specially designated nationals list maintained by OFAC;
or such Loan Party is not able to bring suit or enforce remedies against the Account Debtor through judicial process; (g) the Account Debtor is organized or has its principal offices or assets outside the United States or Canada, unless the
Account is supported by a letter of credit (delivered to and directly drawable by the 

  
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Administrative Agent) or credit insurance satisfactory in all respects to the Administrative Agent; (h) it is owing by a Governmental Authority, unless the Account Debtor is the United
States or any department, agency or instrumentality thereof and the Account has been assigned to the Administrative Agent in compliance with the federal Assignment of Claims Act; (i) it is not subject to a duly perfected, first priority Lien in
favor of the Administrative Agent, or is subject to any other Lien other than Liens that are permitted by Section 7.01(c); (j) the goods giving rise to it have not been delivered to the Account Debtor, the services giving
rise to it have not been accepted by the Account Debtor, or it otherwise does not represent a final sale; (k) it is evidenced by Chattel Paper or an Instrument of any kind, or has been reduced to judgment; (l) it arises from a sale of
goods other than inventory, from a sale to an Affiliate, from a sale on a cash-on-delivery, credit card,
bill-and-hold, sale-or-return, sale-on-approval, consignment, or other repurchase or return basis, or from a sale for personal, family or household purposes; (m) it represents a progress billing or retainage, or relates to services
for which a performance, surety or completion bond or similar assurance has been issued; or (n) it includes a billing for interest, fees or late charges, but ineligibility shall be limited to the extent thereof. In calculating delinquent
portions of Accounts under clauses (a) and (b), credit balances more than 90 days old will be excluded. 
 “Eligible
Assignee” means any Person that meets the requirements to be an assignee under Section 10.06(b)(iii) and (v) (subject to such consents, if any, as may be required under
Section 10.06(b)(iii)). 
 “Eligible Unbilled Account” means an Account owing to a Loan Party
which would qualify as an Eligible Account except that the invoice with respect thereto has not yet been submitted to the Account Debtor, so long as the period following the date on which such Loan Party recognizes such Account in its books and
records and prior to the date of the issuance of the invoice with respect thereto is less than 30 days. 
 “Environmental
Laws” means any and all federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to
pollution and the protection of the environment or the release of any materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 

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

“Environmental Permit” means any permit, approval, identification number, license or other authorization required under any
Environmental Law. 

  
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 “Equity Interests” means, with respect to any Person, all of the shares of
capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such
Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or
such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other
interests are outstanding on any date of determination (provided, however, that debt securities that are or by their terms may be convertible or exchangeable into or for Equity Interests shall not constitute Equity Interests prior to
conversion or exchange thereof). 
 “Equity Proceeds” means cash proceeds from the issuance of Qualified Capital Stock.

 “ERISA” means the Employee Retirement Income Security Act of 1974. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the Borrower within the
meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code). 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) the withdrawal of the Borrower or
any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or a cessation of operations that is treated
as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan; (d) the filing of a notice of intent to terminate, the treatment of a Pension
Plan amendment as a termination under Section 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a Pension Plan; (f) any event or condition which constitutes grounds under Section 4042 of ERISA
for the termination of, or the appointment of a trustee to administer, any Pension Plan; (g) the determination that any Pension Plan is considered an at-risk plan or a plan in endangered or critical
status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; or (h) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under
Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate. 
 “EU Bail-In
Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 

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

“Excluded Property” shall have the meaning set forth in the Security Agreement. 

“Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a
portion of the Guaranty of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guaranty thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of
the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity
Exchange Act (determined after giving effect to Section 10.19 

  
 -16- 

 
and any other “keepwell, support or other agreement” for the benefit of such Guarantor and any and all guarantees of such Guarantor’s Swap Obligations by other Loan Parties) at the
time the Guaranty of such Guarantor, or a grant by such Guarantor of a security interest, becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall
apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guaranty or security interest is or becomes excluded in accordance with the first sentence of this definition. 

“Excluded Taxes” means, with respect to any Recipient of any payment to be made by or on account of any obligation of the
Borrower hereunder, (a) Taxes imposed on or measured by its overall net income (however denominated), franchise Taxes , and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or
having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes (b) in the case of a
Lender, any United States withholding Tax that is imposed on amounts payable to or for the account of such Lender pursuant to the Laws in effect on the date on which (i) such Lender acquires an interest in the Loan or Commitment (other
than pursuant to an assignment request by the Borrower under Section 10.13), or (ii) such Lender designates a new Lending Office, except to the extent that such Lender (or its assignor, if any) was entitled, at the
time of designation of a new Lending Office (or assignment), to receive additional amounts from the Borrower with respect to such withholding Tax pursuant to Section 3.01(a), (c) Taxes attributable to such Recipient’s
failure to comply with Section 3.01(e), and (d) any U.S. federal withholding Taxes imposed by FATCA. 

“Existing Letters of Credit” means those certain Letters of Credit that (a) were issued by Bank of America prior to the
Closing Date and were cash collateralized pursuant to that certain Cash Collateral Agreement dated as of September 29, 2017, between the Borrower and Bank of America, (b) are outstanding on the Closing Date and (c) are listed on
Schedule 1.01(a). 
 “FASB ASC” means the Accounting Standards Codification of the Financial Accounting Standards
Board. 
 “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or
successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the
Code. 
 “Federal Funds Rate” means, for any day, (a) the weighted average per annum interest rate on overnight
federal funds transactions with members of the Federal Reserve System on the applicable day (or the preceding Business Day, if the applicable day is not a Business Day), as published by the Federal Reserve Bank of New York on the next Business Day;
or (b) if the rate is not so published, the average per annum rate (rounded up to the nearest 1/8 of 1%) charged to Bank of America on the applicable day on such transactions, as determined by the Administrative Agent; provided, that in
no event shall the Federal Funds Rate be less than zero. 
 “Fee Letter” means the letter agreement, dated
September 17, 2018, among the Borrower, the Administrative Agent and MLPFS. 

  
 -17- 

 “Financial Covenant Trigger Period” means the period (a) commencing on
the day that Availability is less than the greater of 12.5% of the Borrowing Base or $18,750,000, and (b) continuing until, during each of the preceding 30 consecutive days, Availability has at all times exceeded the greater of 12.5% of the
Borrowing Base or $18,750,000. 
 “Foreign Lender” means any Lender that is not a U.S. Person. 

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

“Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to the L/C Issuers, such
Defaulting Lender’s Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in
accordance with the terms hereof, (b) with respect to the Swing Line Lenders, such Defaulting Lender’s Applicable Percentage of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender’s participation obligation
has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof and (c) with respect to the Administrative Agent, such Defaulting Lender’s Applicable Percentage of Protective Advances other than Protective
Advances as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof. 

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

“GAAP” means generally accepted accounting principles in the United States set forth from time to time in the opinions and
pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board (or agencies with similar functions of comparable stature and
authority within the accounting profession) including, without limitation, the FASB Accounting Standards Codification, that are applicable to the circumstances as of the date of determination, consistently applied and subject to
Section 1.03. 
 “Governmental Authority” means the government of the United States or any other
nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantee” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having
the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person,
direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the
obligee in respect of such Indebtedness or other obligation of the payment or 

  
 -18- 

 
performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash
flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation
of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or
not such Indebtedness or other obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Guarantee shall be deemed to be an amount equal to the stated
or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the
guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning. 

“Guarantors” means, collectively, (a) the Domestic Subsidiaries of the Borrower listed on Schedule 6.12 and each
other Domestic Subsidiary of the Borrower that shall be required to execute and deliver a guaranty or guaranty supplement pursuant to Section 6.12 and (b) with respect to the payment and performance by each Specified
Loan Party of its obligations under its Guaranty with respect to all Swap Obligations, the Borrower. 
 “Guaranty” means
the Guaranty made by the Guarantors in favor of the Secured Parties, together with each other guaranty and guaranty supplement delivered pursuant to Section 6.12. 

“Hazardous Materials” means all explosive or radioactive substances or wastes and all hazardous or toxic substances, wastes
or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to
any Environmental Law. 
 “Hedge Bank” means any Person in its capacity as a party to Swap Contract that, (a) at the
time it enters into an interest rate Swap Contract not prohibited under Article VI or VII, is a Lender or an Affiliate of a Lender, or (b) at the time it (or its Affiliate) becomes a Lender, is a party to Swap Contract not
prohibited under Article VI or VII, in each case, in its capacity as a party to such Swap Contract (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender); provided, in the case of a
Secured Hedge Agreement with a Person who is no longer a Lender (or Affiliate of a Lender), such Person shall be considered a Hedge Bank only through the stated termination date (without extension or renewal) of such Secured Hedge Agreement and
provided further that for any of the foregoing to be included as a “Secured Hedge Agreement” on any date of determination by the Administrative Agent, the applicable Hedge Bank (other than the Administrative Agent or an Affiliate of the
Administrative Agent) must have delivered a Secured Party Designation Notice to the Administrative Agent prior to such date of determination. 

“Immaterial Domestic Subsidiary” means any Domestic Subsidiary that (i) does not own any Collateral, (ii) generates
less than 2.5% of Consolidated EBITDA for the Measurement Period most recently ended for which financial statements of the Borrower are available, and (iii) owns net assets that have an aggregate fair market value of less than 2.5% of
Consolidated Tangible Assets of the Borrower as of the end of the fiscal quarter most recently ended. 

  
 -19- 

 “Indebtedness” means, as to any Person at a particular time, without
duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: 
 (a) all obligations of
such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 

(b) the maximum amount of all direct or contingent obligations of such Person arising under letters of credit (including standby and
commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 
 (c) net obligations of such Person under
any Swap Contract; 
 (d) all obligations of such Person to pay the deferred purchase price of property or services (other than trade
accounts payable in the ordinary course of business and not past due for more than 90 days after the date on which such trade account was created); 

(e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including
indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse; provided that, if such indebtedness is limited in recourse,
then the amount of such indebtedness for purposes of this Agreement will not exceed the fair market value of such property; 
 (f) all
Attributable Indebtedness with respect to Capitalized Leases and Synthetic Lease Obligations of such Person and all Synthetic Debt of such Person; 

(g) all Disqualified Capital Stock; and 

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

(i) For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a
joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse to such Person.
The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. 

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

“Indemnitees” has the meaning specified in Section 10.04(b). 

“Information” has the meaning specified in Section 10.07. 

  
 -20- 

 “Insolvency Proceeding” means any case or proceeding commenced by or
against a Person under any state, federal or foreign law for, or any agreement of such Person to, (a) the entry of an order for relief under the Bankruptcy Code of the United States, or any other insolvency, debtor relief or debt adjustment
law; (b) the appointment of a receiver, trustee, liquidator, administrator, conservator or other custodian for such Person or any part of its property; or (c) an assignment or trust mortgage for the benefit of creditors. 

“Interest Payment Date” means, (a) as to any LIBOR Loan, the last day of each Interest Period applicable to such Loan
and the Maturity Date and (b) as to any Base Rate Loan or Swing Line Loan, the first day of each April, July, October and January and the Maturity Date. 

“Interest Period” means, as to each LIBOR Loan, the period commencing on the date such LIBOR Loan is disbursed or converted
to or continued as a LIBOR Loan and ending on the date one, two or three months thereafter (in each case, subject to availability), as selected by the Borrower in its Revolving Credit Loan Notice; provided that: 

(a) any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day
unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; 

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

(c) no Interest Period shall extend beyond the Maturity Date. 

“Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of
(a) the purchase or other acquisition of Equity Interests of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or interest in, another
Person, or (c) an Acquisition. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment. 

“IP Rights” has the meaning specified in Section 5.17. 

“IRS” means the United States Internal Revenue Service. 

“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by
the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance). 

“Issuer Documents” means with respect to any Letter of Credit, the Letter of Credit Application, and any other document,
agreement and instrument entered into by an L/C Issuer and the Borrower (or any Subsidiary) or in favor of an L/C Issuer and relating to such Letter of Credit. 

  
 -21- 

 “Laws” means, collectively, all international, foreign, federal, state and
local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement,
interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of
law. 
 “L/C Advance” means, with respect to each Lender, such Lender’s funding of its participation in any L/C
Borrowing in accordance with its Applicable Percentage. 
 “L/C Borrowing” means an extension of credit resulting from a
drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing. 

“L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date
thereof, or the increase of the amount thereof. 
 “L/C Issuer” means each of Bank of America, UBS AG, Stamford Branch, and
PNC Bank National Association, in its capacity as an issuer of Letters of Credit hereunder, or any additional issuer of Letters of Credit hereunder selected by the Borrower and acceptable to the Administrative Agent. 

“L/C Issuer Sublimit” means, as to the initial Lenders, (a) $16,666,666.67, in the case of Bank of America, (b)
$16,666,666.67, in the case of UBS AG, Stamford Branch, and (c) $16,666,666.66, in the case of PNC Bank National Association; provided that Bank of America shall remain the L/C Issuer with respect to the Existing Letters of Credit until their
respective expiry dates as set forth on Schedule 1.01(a) hereof, upon which expiry each such Letter of Credit, to the extent renewal is requested, will be allocated by the Administrative Agent pro rata among the L/C Issuers so as to
correspond, to the extent reasonably practicable, with each L/C Issuer’s L/C Issuer Sublimit as set forth herein. Each L/C Issuer’s L/C Issuer Sublimit may be decreased or increased from time to time with the written consent of the
Borrower, the Administrative Agent and such L/C Issuer. Effective upon an additional Lender agreeing to become a L/C Issuer and issue Letters of Credit hereunder or to increase its L/C Issuer Sublimit, the definition of L/C Issuer Sublimit shall be
amended to reduce the respective L/C Issuers’ L/C Issuer Sublimit by a like amount and to list such additional or increasing L/C Issuer and its exposure hereunder. 

“L/C Obligations” means, as at any date of determination, the aggregate amount available to be drawn under all outstanding
Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in
accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule
3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

  
 -22- 

 “Lender” has the meaning specified in the introductory paragraph hereto
and, as the context requires, includes the Swing Line Lenders. 
 “Lending Office” means, as to any Lender, the office or
offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent. 

“Letter of Credit” means any standby letter of credit issued hereunder and shall include the Existing Letters of Credit. 

“Letter of Credit Application” means an application and agreement for the issuance or amendment of a Letter of Credit in the
form from time to time in use by an L/C Issuer. 
 “Letter of Credit Expiration Date” means the day that is seven days
prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day). 
 “Letter of
Credit Fee” has the meaning specified in Section 2.03(h). 
 “Letter of Credit Report”
means a certificate substantially the form of Exhibit H or any other form approved by the Administrative Agent. 
 “Letter of
Credit Sublimit” means an amount equal to $50,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Commitments. 

“LIBOR” means the per annum rate of interest (rounded up to the nearest 1/8th of 1%) determined by the Administrative Agent
at or about 11:00 a.m. (London time) two Business Days prior to an Interest Period, for a term equivalent to such period, equal to the London interbank offered rate, or comparable or successor rate approved by the Administrative Agent, as published
on the applicable Reuters screen page (or other commercially available source designated by the Administrative Agent from time to time); provided, that any comparable or successor rate shall be applied by the Administrative Agent, if
administratively feasible, in a manner consistent with market practice; and provided further, that in no event shall LIBOR be less than zero. 

“LIBOR Loan” means a Loan that bears interest based on LIBOR or each set of Loans bearing interest based on LIBOR having a
common length and commencement of Interest Period, as context requires. 
 “LIBOR Screen Rate” has the meaning specified in
Section 1.09. 
 “LIBOR Successor Rate” has the meaning specified in
Section 1.09. 
 “LIBOR Successor Rate Conforming Changes” means with respect to any proposed
LIBOR Successor Rate, any conforming changes to this Agreement, including changes to Base Rate, Interest Period, timing and frequency of determining rates and payments of interest and other administrative matters as may be appropriate, in the
Administrative Agent’s discretion, to reflect the adoption of such LIBOR Successor Rate and to permit its administration by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent
determines that adoption of any portion of such market practice is not administratively feasible or 

  
 -23- 

 
that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines in consultation with the
Borrower). Such changes shall provide that the LIBOR Successor Rate cannot be less than zero for purposes of this Agreement. 

“License” means any license or agreement under which a Loan Party is authorized to use IP Rights in connection with any
manufacture, marketing, distribution or disposition of Collateral, any use of property or any other conduct of its business. 

“Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other),
charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of
way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing). 

“Lien Waiver” means an agreement, in form and substance reasonably satisfactory to the Administrative Agent, by which
(a) for any material Collateral located on leased premises, the lessor waives or subordinates any Lien it may have on the Collateral, and agrees to permit the Administrative Agent to enter upon the premises and remove the Collateral or to use
the premises to store or dispose of the Collateral; (b) for any Collateral held by a warehouseman, processor, shipper, customs broker or freight forwarder, such Person waives or subordinates any Lien it may have on the Collateral, agrees to
hold any documents in its possession relating to the Collateral as agent for the Administrative Agent, and agrees to deliver the Collateral to the Administrative Agent upon request; (c) for any Collateral held by a repairman, mechanic or
bailee, such Person acknowledges the Administrative Agent’s Lien, waives or subordinates any Lien it may have on the Collateral, and agrees to deliver the Collateral to the Administrative Agent upon request or permit the Administrative Agent to
take possession of the Collateral; or (d) for any Collateral subject to a licensor’s intellectual property rights, the licensor grants to the Administrative Agent the right, vis-à -vis such licensor, to enforce the Administrative Agent’s Liens with respect to the Collateral, including the right to dispose of it with the benefit of the intellectual property, whether or not a default
exists under any applicable license. Notwithstanding the foregoing, a Lien Waiver shall not be required to be delivered in connection with Collateral that is temporarily (i) located on leased premises, (ii) held by a warehouseman,
processor, shipper, customs broker or freight forwarder, or (iii) held by a repairman, mechanic or bailee, in each case, for a period less than 60 days. 

“Loan” means an extension of credit by a Lender to the Borrower under Article II in the form of a Revolving Credit
Loan or a Swing Line Loan. 
 “Loan Documents” means, collectively, (a) this Agreement, (b) the Notes,
(c) the Guaranty, (d) the Collateral Documents, (e) the Fee Letter, (f) the Collateral Rights Agreement, (g) each Issuer Document, (h) any arrangements entered into by any L/C Issuer and the Borrower pursuant to
Section 2.03(a)(iii), and (i) any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.15 of this Agreement. 

“Loan Parties” means, collectively, the Borrower and each Guarantor. 

  
 -24- 

 “London Banking Day” means any day on which dealings in Dollar deposits are
conducted by and between banks in the London interbank eurodollar market. 
 “Material Adverse Effect” means (a) a
material adverse change in, or a material adverse effect upon, the operations, business, properties, liabilities (actual or contingent), or financial condition of the Borrower or the Borrower and its Restricted Subsidiaries taken as a whole;
(b) a material impairment of the rights and remedies of the Administrative Agent or any Lender under any Loan Document, or of the ability of the Loan Parties, taken as a whole, to perform their obligations under the Loan Documents; or
(c) a material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party. 

“Material Contract” means, with respect to any Person, any agreement or instrument to which such Person is a party (other
than the Loan Documents) (a) that is deemed to be a material contract under any securities law applicable to such Person, including the Securities Act of 1933, (b) that relates to Indebtedness of such Person with an aggregate principal amount
in excess of $10,000,000 or (c) for which breach, termination, nonperformance or failure to renew could reasonably be expected to have a Material Adverse Effect. 

“Material Loan Party” shall mean (a) the Borrower and (b) any Restricted Subsidiary that (i) owns any
Collateral, (ii) generates more than 5.0% of Consolidated EBITDA for the Measurement Period most recently ended for which financial statements of the Borrower are available or (iii) owns net assets that have an aggregate fair market value
of 5.0% or more of Consolidated Tangible Assets of the Borrower as of the end of the previous fiscal quarter. 
 “Maturity
Date” means October 2, 2023; provided, however, that if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day; provided further, that if an Acceptable Senior Notes
Refinancing has not been completed by July 3, 2023, then the “Maturity Date” shall be July 3, 2023. 

“Measurement Period” means, at any date of determination, (a) the most recently completed four fiscal quarters of the
Borrower if a Monthly Financial Reporting Trigger Period is not then in effect and has not been in effect for the preceding 30 days or (b) at any other time, the most recently completed twelve calendar months. 

“Minimum Collateral Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit
account balances provided to reduce or eliminate Fronting Exposure during any period when a Lender constitutes a Defaulting Lender, an amount equal to 105% of the Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and
outstanding at such time, (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 2.15(a)(i) or (a)(ii), an amount equal to 105%
of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount determined by the Administrative Agent and the L/C Issuer in their reasonable discretion. 

“MLPFS” means Merrill Lynch, Pierce, Fenner & Smith Incorporated. 

“Monthly Financial Reporting Trigger Period” means the period (a) commencing on the day that Availability is less than
the greater of (i) 15% of the Borrowing Base or (ii) $22,500,000, and (b) continuing until, during each of the preceding 30 consecutive days, Availability has at all times exceeded the greater of (i) 15% of the Borrowing Base or (ii)
$22,500,000. 

  
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 “Moody’s” means Moody’s Investors Service, Inc. and any successor
thereto. 
 “Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA,
to which the Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated to make contributions. 

“Multiple Employer Plan” means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA
Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 
 “Non-Consenting Lender” means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms
of Section 10.01 and (b) has been approved by the Required Lenders. 
 “Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time. 

“Note” means a promissory note made by the Borrower in favor of a Lender evidencing Revolving Credit Loans or Swing Line
Loans, as the case may be, made by such Lender, substantially in the form of Exhibit C. 
 “Notice of Loan
Prepayment” means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit F or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or
electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer. 

“NPL” means the National Priorities List under CERCLA. 

“Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising
under any Loan Document or otherwise with respect to any Loan, Letter of Credit, Protective Advance, Secured Cash Management Agreement or Secured Hedge Agreement, in each case whether direct or indirect (including those acquired by assumption),
absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws
naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding; provided that Obligations of a Guarantor shall exclude any Excluded Swap Obligations with respect to such
Guarantor. 
 “OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury. 

  
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 “Organization Documents” means, (a) with respect to any corporation,
the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company,
the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of
formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization
and, if applicable, any certificate or articles of formation or organization of such entity. 
 “Other Connection Taxes”
means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a
party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan
Document). 
 “Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or
similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any
such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.06(b)). 

“Outstanding Amount” means (a) with respect to Revolving Credit Loans and Swing Line Loans on any date, the aggregate
outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Revolving Credit Loans and Swing Line Loans, as the case may be, occurring on such date; and (b) with respect to any L/C Obligations on
any date, the amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any
reimbursements by the Borrower of Unreimbursed Amounts. 
 “Overadvance” means the amount by which Total Outstandings
exceed the Borrowing Base at any time. 
 “Participant” has the meaning specified in
Section 10.06(d). 
 “Participant Register” has the meaning specified in
Section 10.06(d). 
 “Patriot Act” means the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. No. 107-56, 115 Stat. 272 (2001). 

  
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 “Payment Conditions” means, in the case of Acquisitions, prepayments of
Indebtedness and Restricted Payments, that no Default or Event of Default has occurred and is continuing or would result therefrom and the following: 

(a) with respect to Acquisitions and prepayments of Indebtedness, either: 

(i) Availability shall be higher than the greater of (A) 20% of the Borrowing Base and (B) $30,000,000, in each case on a pro
forma basis for each day during the consecutive 30-day period immediately preceding such transaction and after giving effect thereto as though such Acquisition or prepayment of Indebtedness (and any Loans
being requested to fund any part thereof) had been made on the first day of such 30-day period; or 

(ii) both (A) the Pro Forma Consolidated Fixed Charge Coverage Ratio after giving effect to such transaction shall be
greater than 1.00 to 1.00 for the most recently reported Measurement Period, and (B) Availability shall be higher than the greater of (1) 15% of the Borrowing Base and (2) $22,500,000, in the case of this subclause (B) on a pro forma basis
for each day during the consecutive 30-day period immediately preceding such transaction and after giving effect thereto as though such Acquisition or prepayment of Indebtedness (and any Loans being requested
to fund any part thereof) had been made on the first day of such 30-day period; 
 (b) with respect
to Restricted Payments, either: 
 (i) Availability shall be higher than the greater of (A) 22.5% of the Borrowing Base and
(B) $33,750,000, in each case on a pro forma basis for each day during the consecutive 30-day period immediately preceding such Restricted Payment and after giving effect thereto as though such Restricted
Payment (and any Loans being requested to fund any part thereof) had been made on the first day of such 30-day period; or 

(ii) both (A) the Pro Forma Consolidated Fixed Charge Coverage Ratio after giving effect to such transaction shall be
greater than 1.00 to 1.00 for the most recently reported Measurement Period, and (B) Availability shall be higher than the greater of (1) 17.5% of the Borrowing Base and (2) $26,250,000, in the case of this subclause (B) on a pro forma
basis for each day during the consecutive 30-day period immediately preceding such Restricted Payment and after giving effect thereto as though such Restricted Payment (and any Loans being requested to fund
any part thereof) had been made on the first day of such 30-day period. 
 (c) in any case under
(a) or (b) above, delivery to Administrative Agent at least three (3) Business Days and not more than five (5) Business Days prior to the date of the proposed Acquisition, prepayment of Indebtedness, or Restricted Payment of a
certificate of the Borrower signed by the chief executive officer, chief financial officer, treasurer or controller of the Borrower giving notice of the intent to consummate such Acquisition, prepayment of Indebtedness, or Restricted Payment and
certifying compliance with the applicable foregoing conditions (including calculations of Availability for the applicable days and, if applicable, of the Pro Forma Consolidated Fixed Charge Coverage Ratio). 

“PBGC” means the Pension Benefit Guaranty Corporation. 

  
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 “P-Card Agreements” means,
collectively, (i) that certain Bank of America Corporate Purchasing Card Agreement between Bank of America, N.A. and Basic Energy Services L.P., dated on or around July 21, 2005 and (ii) that certain Commercial Prepaid Card Purchase
Agreement between Bank of America, N.A. and Basic Energy Services L.P., dated on or around March 14, 2006, each as may be amended, supplemented or modified from time to time. 

“Pension Act” means the Pension Protection Act of 2006. 

“Pension Funding Rules” means the rules of the Code and ERISA regarding minimum required contributions (including any
installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act
and, thereafter, Section 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 
 “Pension
Plan” means any employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer Plan) that is maintained or is contributed to by the Borrower and any ERISA Affiliate and is either covered by Title IV of ERISA or is
subject to the minimum funding standards under Section 412 of the Code. 
 “Permitted Acquisition” means, with respect
to the Borrower or any Guarantor, (i) any Acquisition by such Person for which the Acquisition Consideration consists solely of Qualified Capital Stock or Equity Proceeds or any combination of Qualified Capital Stock and Equity Proceeds of the
Borrower, so long as no Default or Event of Default exists at the time of such Acquisition and the Acquisition could not reasonably be expected to cause a Default or Event of Default immediately after giving effect thereto, or (ii) any other
Acquisition by such Person that satisfies each of the following requirements: 
 (a) no Default or Event of Default exists and the
Acquisition could not reasonably be expected to cause a Default or Event of Default immediately after giving effect thereto; 
 (b) the
Acquisition is not hostile; 
 (c) the lines of business of the Person to be (or the property of which is to be) so purchased or otherwise
acquired shall be substantially the same lines of business as one or more of the principal businesses of the Borrower and its Subsidiaries in the ordinary course; 

(d) the requirements of Section 6.12 are satisfied; 

(e) the Payment Conditions are satisfied before and after giving effect thereto; and 

(f) the Borrower shall have delivered to the Administrative Agent and each Lender, at least five Business Days prior to the date on which any
such Acquisition is to be consummated, a certificate of a Responsible Officer, in form and substance reasonably satisfactory to the Administrative Agent and the Required Lenders, certifying that all of the foregoing requirements have been satisfied
or will be satisfied on or prior to the date on which such Acquisition is consummated. 

  
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 “Permitted Discretion” means a determination made in good faith and in the
exercise of commercially reasonable (from the perspective of a secured asset-based lender) business judgment. 
 “Permitted Water
Subsidiary” means a Restricted Subsidiary with respect to which the following requirements are satisfied: 
 (a) substantially all
the assets of such Restricted Subsidiary consist of water disposal wells, water processing equipment or facilities or water transportation pipelines or related assets (other than vehicles); 

(b) less than 50.0% of the economic or voting power of the Equity Interests of such Restricted Subsidiary are held by Persons other than Loan
Parties; 
 (c) the operations and policies of such Restricted Subsidiary are controlled by the Borrower; 

(d) the requirements of Section 6.12 are satisfied with respect to such Restricted Subsidiary substantially contemporaneously with the
acquisition or formation of such Restricted Subsidiary; and 
 (e) the Organizational Documents of such Restricted Subsidiary are in form
and substance reasonably satisfactory to the Administrative Agent. 
 “Person” means any natural person, corporation,
limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

“Plan” means any employee benefit plan within the meaning of Section 3(3) of ERISA (including a Pension Plan),
maintained for employees of the Borrower or any ERISA Affiliate or any such Plan to which the Borrower or any ERISA Affiliate is required to contribute on behalf of any of its employees. 

“Platform” has the meaning specified in Section 6.02. 

“Prime Rate” means the rate of interest announced by Bank of America from time to time as its prime rate. Such rate is set by
Bank of America on the basis of various factors, including its costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above or below such rate. Any
change in such rate publicly announced by Bank of America shall take effect at the opening of business on the day specified in the announcement. 

“Pro Forma Basis” means on a basis in accordance with GAAP and Regulation S X and otherwise reasonably satisfactory to the
Administrative Agent. 
 “Pro Forma Consolidated Fixed Charge Coverage Ratio” means the Consolidated Fixed Charge Coverage
Ratio, redetermined on a pro forma basis to include the prepayment of Indebtedness or Restricted Payment, as applicable, as a Consolidated Fixed Charge. 

  
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 “Protective Advances” has the meaning specified in
Section 2.17. 
 “PTE” means a prohibited transaction class exemption issued by the U.S.
Department of Labor, as any such exemption may be amended from time to time. 
 “Public Lender” has the meaning specified
in Section 6.02. 
 “Qualified Capital Stock” of any Person means any capital stock of such
person that is not Disqualified Capital Stock; provided that such capital stock shall not be deemed Qualified Capital Stock to the extent sold or owed to a Subsidiary of such person or financed, directly or indirectly, using funds
(1) borrowed from such person or any Subsidiary of such person until and to the extent such borrowing is repaid or (2) contributed, extended, guaranteed or advanced by such person or any Subsidiary of such person (including, without
limitation, in respect of any employee stock ownership or benefit plan). Unless otherwise specified, Qualified Capital Stock refers to Qualified Capital Stock of Borrower. 

“Qualified ECP Guarantor” means, at any time, each Loan Party with total assets exceeding $10,000,000 or that qualifies at
such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity
Exchange Act. 
 “Receivables Facility Agent” means UBS AG, Stamford Branch, as administrative agent under the Receivables
Facility Agreement. 
 “Receivables Facility Agreement” means the Credit and Security Agreement dated as of
September 29, 2017 (as amended and supplemented to date) among BER, Basic Energy Services, L.P., the Borrower, UBS AG, Stamford Branch, as administrative agent, and the lenders party thereto. 

“Recipient” means (a) any Lender, (b) any L/C Issuer and (c) the Administrative Agent, as applicable. 

“Register” has the meaning specified in Section 10.06(c). 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers,
employees, agents, trustees, administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates. 

“Removal Effective Date” has the meaning set forth in Section 9.06. 

“Rent and Charges Reserve” means the aggregate of (a) all past due rent and other amounts owing by a Loan Party to any
landlord, warehouseman, processor, repairman, mechanic, shipper, freight forwarder, broker or other Person who possesses any Collateral or could assert a Lien on any Collateral; and (b) a reserve at least equal to three months rent and other
charges that could be payable to any such Person, unless it has executed a Lien Waiver. Rent payable under Capitalized Leases will not be included in the Rent and Charges Reserve. 

  
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 “Reportable Event” means any of the events set forth in
Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived. 
 “Request for Credit
Extension” means (a) with respect to a Revolving Credit Borrowing, conversion or continuation of Revolving Credit Loans, a Revolving Credit Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application,
and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice. 
 “Required Lenders” means, as of any date of
determination, two or more unaffiliated Lenders holding more than 50% of the sum of the (a) Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans
being deemed “held” by such Lender for purposes of this definition) and (b) aggregate unused Commitments; provided that the unused Commitment of, and the portion of the Total Outstandings held or deemed held by, any
Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. 
 “Resignation Effective
Date” has the meaning set forth in Section 9.06. 
 “Responsible Officer” means the
chief executive officer, president, chief financial officer, treasurer, assistant treasurer or controller of a Loan Party, solely for purposes of the delivery of incumbency certificates pursuant to Section 4.01, the
secretary or any assistant secretary of a Loan Party and, solely for purposes of notices given pursuant to Article II, any other officer or employee of the applicable Loan Party so designated by any of the foregoing officers in a notice to
the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative Agent. Any document delivered hereunder that is signed by a
Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have
acted on behalf of such Loan Party. To the extent requested by the Administrative Agent, each Responsible Officer will provide an incumbency certificate and to the extent requested by the Administrative Agent, appropriate authorization
documentation, in form and substance satisfactory to the Administrative Agent. 
 “Restricted Payment” means any dividend
or other distribution (whether in cash, securities or other property) with respect to any capital stock or other Equity Interest of any Person or any of its Subsidiaries, or any payment (whether in cash, securities or other property), including any
sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of any such capital stock or other Equity Interest, or on account of any return of capital to any Person’s
stockholders, partners or members (or the equivalent of any thereof), or any option, warrant or other right to acquire any such dividend or other distribution or payment. 

“Restricted Subsidiary” means any direct or indirect Domestic Subsidiary of the Borrower that is not an Unrestricted
Subsidiary. 

  
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 “Revolving Credit Borrowing” means a borrowing consisting of simultaneous
Revolving Credit Loans of the same Type and, in the case of LIBOR Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01. 

“Revolving Credit Loan” has the meaning specified in Section 2.01. 

“Revolving Credit Loan Notice” means a notice of (a) a Revolving Credit Borrowing, (b) a conversion of Loans from
one Type to the other, or (c) a continuation of LIBOR Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A, or such other form as may be approved by the
Administrative Agent (including any form on an electronic platform or electronic transmission system, including electronic mail, as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the
Borrower. 
 “Revolving Credit Usage” means the sum of (a) the Outstanding Amount of Revolving Credit Loans, plus
(b) the Outstanding Amount of L/C Obligations. 
 “Robota” means Robota Energy Equipment, LLC, a Texas limited
liability company. 
 “Royalties” means all royalties, fees, expense reimbursement and other amounts payable by a Loan
Party under a License. 
 “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc., and any successor thereto. 
 “Sanction” means any sanction administered or enforced by the United States
Government (including, without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 

“Scheduled Unavailability Date” has the meaning specified in Section 1.09. 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
functions. 
 “Secured Bank Product Obligations” means all debt, obligations and other liabilities owing under Secured Cash
Management Agreements and Secured Hedge Agreements; provided that Secured Bank Product Obligations of a Loan Party shall not include the Excluded Swap Obligations of such Loan Party. 

“Secured Cash Management Agreement” means any Cash Management Agreement that is entered into by and between the Borrower or
any Subsidiary and any Cash Management Bank which has delivered a Secured Party Designation Notice. 
 “Secured Hedge
Agreement” means any interest rate Swap Contract permitted under Article VII that is entered into by and between the Borrower or any Subsidiary and any Hedge Bank which has delivered a Secured Party Designation Notice. 

  
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 “Secured Parties” means, collectively, the Administrative Agent, the
Lenders, the L/C Issuers, the Hedge Banks, the Cash Management Banks, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to
Section 9.05, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents. 

“Secured Party Designation Notice” means a notice from any Lender or an Affiliate of a Lender, substantially in the form of
Exhibit G, (a) describing the Secured Cash Management Agreement or Secured Hedge Agreement and setting forth the maximum amount to be secured by the Collateral and the methodology to be used in calculating such amount and
(b) agreeing to be bound by Section 9.11. 
 “Security Agreement” means that certain
Security Agreement dated as of the Closing Date, as amended and supplemented from time to time, executed by each of the Loan Parties in favor of the Administrative Agent. 

“Security Agreement Supplement” means the form of supplement attached to the Security Agreement as Annex I. 

“Senior Notes” means those certain 10.75% Senior Secured Notes due 2023 of the Borrower in the aggregate principal amount of
$300,000,000. 
 “Senior Notes Collateral Account” has the meaning specified in Section 6.18.

 “Senior Notes Collateral Agency Agreement” means the “Collateral Agency Agreement” as defined in the Senior
Notes Indenture. 
 “Senior Notes Documents” means the “Note Documents” as defined in the Senior Notes Indenture.

 “Senior Notes Indenture” means the Indenture for the Senior Notes dated as of October ___, 2018 between the Borrower and
the Senior Notes Trustee. 
 “Senior Notes Trustee” means UMB Bank, N.A., in its capacity as trustee under the Senior Notes
Indenture or as collateral agent under the Senior Notes Collateral Agency Agreement. 
 “Solvent” and
“Solvency” mean, with respect to any Person on any date of determination, after taking into account all other payments made by, and indemnification payments from, and reimbursement and contribution obligations of, any other Persons
with respect thereto, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair saleable value of the assets
of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts
or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such
Person’s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of
contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

  
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 “Specified Loan Party” means any Loan Party that is not an “eligible
contract participant” under the Commodity Exchange Act (determined prior to giving effect to Section 10.19). 

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

“Super Majority Lenders” means, as of any date of determination, two or more unaffiliated Lenders holding more than 66 2/3%
of the sum of the (a) Total Outstandings (with the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Lender for purposes of this
definition) and (b) aggregate unused Commitments; provided that the unused Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of
Super Majority Lenders. 
 “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or
forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot
contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and
(b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any
International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master
Agreement. 
 “Swap Obligations” means with respect to any Guarantor any obligation to pay or perform under any agreement,
contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 

“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any
legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and
(b) for 

  
 -35- 

 
any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for
such Swap Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate
of a Lender). 
 “Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to
Section 2.04. 
 “Swing Line Lender” means Bank of America, in its capacity as provider of Swing
Line Loans, and, at the request of the Borrower and subject to the consent of the Administrative Agent in its sole discretion, any other swing line lender that agrees to act as a provider of Swing Line Loans, or, in each case, any successor swing
line lender hereunder acceptable to the Administrative Agent. 
 “Swing Line Loan” has the meaning specified in
Section 2.04(a). 
 “Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to
Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit B or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic
transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower. 

“Swing Line Sublimit” means, with respect to each Swing Line Lender, an amount equal to the lesser of (a) the amount set
forth on Schedule 1.01 with respect to such Lender as its Swing Line Sublimit (as updated from time to time) and (b) the Aggregate Commitments. The Swing Line Sublimits are part of, and not in addition to, the Aggregate Commitments. 

“Synthetic Debt” means, with respect to any Person as of any date of determination thereof, all obligations of such Person in
respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds (including any minority interest transactions that function primarily as a borrowing) but are not otherwise included in the
definition of “Indebtedness” or as a liability on the consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP. 

“Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a
so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property (including sale and leaseback
transactions), in each case, creating obligations that do not appear on the balance sheet of such Person but which, upon the application of any Debtor Relief Laws to such Person, would be characterized as the indebtedness of such Person (without
regard to accounting treatment). 
 “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Loan Agent” means U.S. Bank National Association, as administrative agent and collateral agent for those lenders party
to the Term Loan Agreement, together with its successors and assigns. 

  
 -36- 

 “Term Loan Agreement” means that certain Amended and Restated Term Loan
Credit Agreement dated as of December 23, 2016, as amended and supplemented from time to time, among the Borrower, U.S. Bank National Association, as administrative agent, and each lender from time to time party thereto. 

“Total Outstandings” means (a) the aggregate Outstanding Amount of all Loans (including Protective Advances) and all L/C
Obligations less (b) the amount of L/C Obligations which are Cash Collateralized pursuant to Section 2.15(b). 

“Total Swing Line Sublimit” means an amount equal to the lesser of (a) $15,000,000 and (b) the Aggregate Commitments.
The Total Swing Line Sublimit is a part of, and not in addition to, the Aggregate Commitments. 
 “Treasury Management Control
Agreement” means that certain Treasury Management Services Security and Control Agreement dated as of September 14, 2016 between Bank of America, N.A. and Basic Energy Services L.P., as may be amended, modified or supplemented from
time to time. 
 “Type” means, with respect to a Loan, its character as a Base Rate Loan or a LIBOR Loan. 

“UCC” means the Uniform Commercial Code as in effect in the State of New York; provided that, if perfection or the
effect of perfection or non-perfection or the priority of any security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York,
“UCC” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or
non-perfection or priority. 
 “United States” and “U.S.” mean the
United States of America. 
 “Unreimbursed Amount” has the meaning specified in
Section 2.03(c)(i). 
 “Unrestricted Subsidiary” means any Subsidiary which the Borrower has
designated in writing to the Administrative Agent to be an Unrestricted Subsidiary pursuant to Section 6.19(b) and each Subsidiary thereof. 

“U.S. Loan Party” means any Loan Party that is organized under the laws of one of the states of the United States of America
and that is not a CFC. 
 “U.S. Person” means any Person that is a “United States person” as defined in
Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance Certificate” has the meaning specified in
Section 3.01(e)(ii). 
 “Value” means, for an Account, its face amount, net of any returns,
rebates, discounts (calculated on the shortest terms), credits, allowances or Taxes (including sales, excise or other taxes) that have been or could properly be claimed by the Account Debtor or any other Person. 

  
 -37- 

 “Weekly BBC Trigger Period” means the period (a) commencing on the day
that (i) an Event of Default occurs, or (ii) Availability is less than the greater of (x) 12.5% of the Borrowing Base or (y) $18,750,000 and (b) continuing until, during each of the preceding 30 consecutive days, no Event of Default
has existed and Availability has at all times exceeded the greater of (i) 12.5% of the Borrowing Base or (ii) $18,750,000. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 
 1.02 Other Interpretive Provisions. With reference to this
Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document: 
 (a) The definitions of terms
herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,”
“includes” and “including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word
“shall.” Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document (including the Loan Documents and any Organization Document) shall be construed as referring to
such agreement, instrument or other document as from time to time amended, modified, extended, restated, replaced or supplemented from time to time (subject to any restrictions on such amendments, supplements or modifications set forth herein or in
any other Loan Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words “hereto,” “herein,” “hereof” and
“hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to
Articles, Sections, Preliminary Statements, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Preliminary Statements, Exhibits and Schedules to, the Loan Document in which such references appear, (v) any
reference to any law shall include all statutory and regulatory rules, regulations, orders and provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer
to such law or regulation as amended, modified, extended, restated, replaced or supplemented from time to time, and (vi) the words “asset” and “property” shall be construed to have the same meaning and effect
and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 
 (b)
In the computation of periods of time from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to
but excluding;” and the word “through” means “to and including.” 
 (c) Section headings herein
and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 

  
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 1.03 Accounting Terms. (a) Generally. All accounting terms not
specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity
with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein. Notwithstanding the
foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding
principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded. 

(b) Changes in GAAP. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in
any Loan Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in
light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and
(ii) the Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such
ratio or requirement made before and after giving effect to such change in GAAP. Without limiting the foregoing, leases shall continue to be classified and accounted for on a basis consistent with that reflected in the Audited Financial Statements
for all purposes of this Agreement, notwithstanding any change in GAAP relating thereto, unless the parties hereto shall enter into a mutually acceptable amendment addressing such changes, as provided for above. 

(c) Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of the Borrower and its
Subsidiaries or to the determination of any amount for the Borrower and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Borrower is required to
consolidate pursuant to FASB ASC 810 as if such variable interest entity were a Subsidiary as defined herein. 
 1.04
Rounding. Any financial ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of
places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number). 

1.05 Times of Day. Unless otherwise specified, all references herein to times of day shall be references to Central time
(daylight or standard, as applicable). 
 1.06 Letter of Credit Amounts. Unless otherwise specified herein, the amount of a
Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document
related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases,
whether or not such maximum stated amount is in effect at such time. 

  
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 1.07 Currency Equivalents Generally. 

(a) Any amount specified in this Agreement (other than in Articles II and IX) or any of the other Loan Documents to be in
Dollars shall also include the equivalent of such amount in any currency other than Dollars, such equivalent amount thereof in the applicable currency to be determined by the Administrative Agent at such time on the basis of the Spot Rate (as
defined below) for the purchase of such currency with Dollars. For purposes of this Section 1.07, the “Spot Rate” for a currency means the rate determined by the Administrative Agent to be the rate quoted
by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 10:00 a.m. on the date two Business Days prior to
the date of such determination; provided that the Administrative Agent may obtain such spot rate from another financial institution designated by the Administrative Agent if the Person acting in such capacity does not have as of the date of
determination a spot buying rate for any such currency. 
 (b) The Administrative Agent does not warrant or accept responsibility for, nor
shall the Administrative Agent have any liability with respect to, the administration, submission or any other matter related to any rate used in determining LIBOR or with respect to any comparable or successor rate thereto. 

1.08 Uniform Commercial Code. Terms relating to Collateral used and not otherwise defined herein that are defined in the UCC
shall have the meanings set forth in the UCC, as applicable and as the context requires. 
 1.09 LIBOR Amendment.
Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower or Required Lenders notify the
Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower) that the Borrower or the Required Lenders (as applicable) have determined, that: 

(a) adequate and reasonable means do not exist for ascertaining LIBOR for any applicable Interest Period, because the LIBOR quote on the
applicable screen page (or other source) used by the Administrative Agent to determine LIBOR (“LIBOR Screen Rate”) is not available or published on a current basis and such circumstances are unlikely to be temporary; or 

(b) the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent has made a public
statement identifying a specific date (“Scheduled Unavailability Date”) after which LIBOR or the LIBOR Screen Rate shall no longer be made available, or used for determining the interest rate of loans; or 

(c) syndicated loans currently being executed, or that include language similar to that contained in this Section, are being executed or
amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR; 

  
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 then, reasonably promptly after such determination by the Administrative Agent or receipt by the
Administrative Agent of such notice, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace LIBOR with an alternate benchmark rate (including any mathematical or other adjustments to the benchmark (if any)
incorporated therein), giving due consideration to any evolving or then existing convention for similar Dollar denominated syndicated credit facilities for such alternative benchmarks (“LIBOR Successor Rate”), together with any
proposed LIBOR Successor Rate Conforming Changes and the amendment shall be effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent posts the amendment to all Lenders and Borrowers unless, prior to such time, the Required
Lenders notify the Administrative Agent that they do not accept the amendment. 
 If no LIBOR Successor Rate has been determined and the circumstances under
clause (a) above exist or the Scheduled Unavailability Date has occurred, the Administrative Agent will promptly notify the Borrower and the Lenders. Thereafter, (i) the obligation of Lenders to make or maintain LIBOR Loans shall be
suspended (to the extent of the affected LIBOR Loans or Interest Periods), and (ii) the LIBOR component shall no longer be used in determining Base Rate. Upon receipt of such notice, the Borrower may revoke any pending request for funding,
conversion or continuation of a LIBOR Loan (to the extent of the affected LIBOR Loans or Interest Periods) or, failing that, will be deemed to have requested a Base Rate Loan. 

ARTICLE II 
 THE
COMMITMENTS AND CREDIT EXTENSIONS 
 2.01 The Loans. Subject to the terms and conditions set forth herein, each Lender
severally agrees to make loans (each such loan, a “Revolving Credit Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the
amount of such Lender’s Commitment; provided, however, that after giving effect to any Revolving Credit Borrowing, (i) the Total Outstandings shall not exceed the Borrowing Base, and (ii) the aggregate Outstanding Amount of the
Revolving Credit Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed
such Lender’s Commitment. Within the limits of the Borrowing Base, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under
Section 2.05, and reborrow under this Section 2.01. Revolving Credit Loans may be Base Rate Loans or LIBOR Loans, as further provided herein; provided, however, any Revolving Credit
Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a funding indemnity letter acceptable to the Administrative Agent not less than
three (3) Business Days prior to the date of such Revolving Credit Borrowing. 
 2.02 Borrowings, Conversions and
Continuations of Loans. (a) Each Revolving Credit Borrowing, each conversion of Revolving Credit Loans from one Type to the other, and each continuation of LIBOR Loans shall be made upon the Borrower’s irrevocable notice to the
Administrative Agent, which may be given by: (i) telephone or (ii) a Revolving Credit Loan Notice. Each such notice must be received by the Administrative Agent not later than 11:00 a.m. (i) three Business Days prior to the requested
date of any Borrowing of, conversion to or continuation of LIBOR Loans or of any conversion of LIBOR Loans to Base Rate Loans, and (ii) 

  
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on the requested date of any Borrowing of Base Rate Loans. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery
to the Administrative Agent of a written Revolving Credit Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing of, conversion to or continuation of LIBOR Loans shall be in a principal amount of
$5,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as provided in Sections 2.03(c) and 2.04(c), each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of
$100,000 in excess thereof. Each Revolving Credit Loan Notice and each telephonic notice shall specify (i) whether the Borrower is requesting a Revolving Credit Borrowing, a conversion of Revolving Credit Loans from one Type to the other, or a
continuation of LIBOR Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the
Type of Loans to be borrowed or to which existing Revolving Credit Loans are to be converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify a Type of Loan in a Revolving Credit
Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the Revolving Credit Loans shall be made as, or converted to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be
effective as of the last day of the Interest Period then in effect with respect to the applicable LIBOR Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of LIBOR Loans in any such Revolving Credit Loan Notice, but fails
to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. Notwithstanding anything to the contrary herein, a Swing Line Loan may not be converted to a LIBOR Loan. 

(b) Following receipt of a Revolving Credit Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its
Applicable Percentage of the Revolving Credit Loans, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans
described in Section 2.02(a). In the case of a Revolving Credit Borrowing, each Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative
Agent’s Office not later than 12:00 noon on the Business Day specified in the applicable Revolving Credit Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is
the initial Credit Extension, Section 4.01), the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account
of the Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower;
provided, however, that if, on the date a Revolving Credit Loan Notice with respect to a Revolving Credit Borrowing is given by the Borrower, there are L/C Borrowings outstanding, then the proceeds of such Revolving Credit Borrowing,
first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to the Borrower as provided above. 

(c) Except as otherwise provided herein, a LIBOR Loan may be continued or converted only on the last day of an Interest Period for such LIBOR
Loan. During the existence of a Default, no Loans may be requested as, converted to or continued as LIBOR Loans without the consent of the Required Lenders. 

  
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 (d) The Administrative Agent shall promptly notify the Borrower and the Lenders of the
interest rate applicable to any Interest Period for LIBOR Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Borrower and the Lenders of any change in Bank of
America’s prime rate used in determining the Base Rate promptly following the public announcement of such change. 
 (e) After giving
effect to all Revolving Credit Borrowings, all conversions of Revolving Credit Loans from one Type to the other, and all continuations of Revolving Credit Loans as the same Type, there shall not be more than five (5) Interest Periods in effect
with respect to LIBOR Loans. 
 2.03 Letters of Credit. (a) The Letter of Credit Commitment. (i) Subject to
the terms and conditions set forth herein, (A) each L/C Issuer agrees, in reliance upon the agreements of the Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period
from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit for the account of the Borrower or its Subsidiaries, and to amend or extend Letters of Credit previously issued by it, in accordance with
Section 2.03(b), and (2) to honor drawings under the Letters of Credit; and (B) the Lenders severally agree to participate in Letters of Credit issued for the account of the Borrower or its Subsidiaries and any
drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (w) the Total Outstandings shall not exceed the Borrowing Base, (x) the aggregate Outstanding Amount of the
Revolving Credit Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall
not exceed such Lender’s Commitment, (y) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit, and (z) the aggregate amount of all outstanding Letters of Credit issued by any L/C Issuer shall
not exceed such L/C Issuer’s L/C Issuer Sublimit, except with respect to the Existing Letters of Credit which shall be reallocated upon renewal or extension pro rata among the respective L/C Issuers in accordance with the definition of
“L/C Issuer Sublimit” in Section 1.01 hereof so as to comply, to the extent reasonably practicable, with this Section 2.03(a)(i); provided, further, that upon each request of the Borrower
after the Closing Date for the issuance of a new Letter of Credit or for the amendment or extension of any Letter of Credit first issued after the Closing Date (specifically excluding any renewal or extension of any Existing Letter of Credit) (any
such new Letter of Credit or amendment or extension of a post-Closing Date Letter of Credit, a “New Letter of Credit”), such New Letter of Credit shall be allocated to one or more of the L/C Issuers, to the extent reasonably
practicable, to maintain the allocation of the New Letters of Credit, taken as a whole, among the L/C Issuers in accordance with the definition of “L/C Issuer Sublimit” in Section 1.01 hereof. Each request by the
Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Borrower that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence. Within
the foregoing limits, and subject to the terms and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower may, during the foregoing period, obtain Letters of Credit to
replace Letters of Credit that have expired or that have been drawn upon and reimbursed. All Existing Letters of Credit shall be deemed to have been issued pursuant hereto and deemed L/C Obligations, and from and after the Closing Date shall be
subject to and governed by the terms and conditions hereof. 

  
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 (ii) No L/C Issuer shall issue any Letter of Credit if: 

(A) subject to Section 2.03(b)(iii), the expiry date of the requested Letter of Credit would occur
more than twelve months after the date of issuance or last extension, unless the Required Lenders have approved such expiry date; or 

(B) the expiry date of the requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the
Lenders have approved such expiry date. 
 (iii) No L/C Issuer shall be under any obligation to issue any Letter of Credit
if: 
 (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or
restrain the applicable L/C Issuer from issuing the Letter of Credit, or any Law applicable to the applicable L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such
L/C Issuer shall prohibit, or request that such L/C Issuer refrain from, the issuance of letters of credit generally or the Letter of Credit in particular or shall impose upon the applicable L/C Issuer with respect to the Letter of Credit any
restriction, reserve or capital requirement (for which such L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the applicable L/C Issuer any unreimbursed loss, cost or expense which was not
applicable on the Closing Date and which such L/C Issuer in good faith deems material to it; 
 (B) the issuance of the
Letter of Credit would violate one or more policies of the applicable L/C Issuer applicable to letters of credit generally; 

(C) except as otherwise agreed by the Administrative Agent and the applicable L/C Issuer, the Letter of Credit is in an initial
stated amount less than $500,000; 
 (D) the Letter of Credit is to be denominated in a currency other than Dollars; 

(E) any Lender is at that time a Defaulting Lender, unless the applicable L/C Issuer has entered into arrangements, including
the delivery of Cash Collateral, satisfactory to such L/C Issuer (in its sole discretion) with the Borrower or such Lender to eliminate such L/C Issuer’s actual or potential Fronting Exposure (after giving effect to
Section 2.16(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Obligations as to which such L/C Issuer has actual or
potential Fronting Exposure, as it may elect in its sole discretion; or 
 (F) the Letter of Credit contains any provisions
for automatic reinstatement of the stated amount after any drawing thereunder. 

  
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 (iv) No L/C Issuer shall amend any Letter of Credit if such L/C Issuer would
not be permitted at such time to issue the Letter of Credit in its amended form under the terms hereof. 
 (v) Each L/C
Issuer shall be under no obligation to amend any Letter of Credit if (A) such L/C Issuer would have no obligation at such time to issue the Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of the Letter
of Credit does not accept the proposed amendment to the Letter of Credit. 
 (vi) Each L/C Issuer shall act on behalf of the
Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and each L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article IX with respect to
any acts taken or omissions suffered by any L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative
Agent” as used in Article IX included the L/C Issuers with respect to such acts or omissions, and (B) as additionally provided herein with respect to the L/C Issuers. 

(b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit. (i) Each Letter of Credit
shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the applicable L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a
Responsible Officer of the Borrower. Such Letter of Credit Application may be sent by fax transmission, by United States mail, by overnight courier, by electronic transmission using the system provided by the applicable L/C Issuer, by personal
delivery or by any other means acceptable to such L/C Issuer. Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 10:00 a.m. at least two Business Days (or such later date and
time as the Administrative Agent and the applicable L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial
issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B)
the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate
to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature of the requested Letter of Credit; and (H) such other matters as the applicable L/C Issuer may reasonably require. In the case of a request
for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended; (2) the proposed date of amendment
thereof (which shall be a Business Day); (3) the nature of the proposed amendment; and (4) such other matters as the applicable L/C Issuer may require. Additionally, the Borrower shall furnish to the applicable L/C Issuer and the Administrative
Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as such L/C Issuer or the Administrative Agent may reasonably require. 

  
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 (ii) Promptly after receipt of any Letter of Credit Application, the
applicable L/C Issuer will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower and, if not, such L/C Issuer will provide the
Administrative Agent with a copy thereof. Unless the applicable L/C Issuer has received written notice from any Lender, the Administrative Agent or any Loan Party, at least one Business Day prior to the requested date of issuance or amendment of the
applicable Letter of Credit, that one or more applicable conditions contained in Article IV shall not then be satisfied, then, subject to the terms and conditions hereof, such L/C Issuer shall, on the requested date, issue a Letter of Credit
for the account of the Borrower (or the applicable Subsidiary) or enter into the applicable amendment, as the case may be, in each case in accordance with such L/C Issuer’s usual and customary business practices. Immediately upon the issuance
of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such
Lender’s Applicable Percentage times the amount of such Letter of Credit. 
 (iii) If the Borrower so requests in
any applicable Letter of Credit Application, the applicable L/C Issuer may, in its sole and absolute discretion, agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”);
provided that any such Auto-Extension Letter of Credit must permit such L/C Issuer to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice
to the beneficiary thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless
otherwise directed by the applicable L/C Issuer, the Borrower shall not be required to make a specific request to such L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have
authorized (but may not require) the applicable L/C Issuer to permit the extension of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that such L/C Issuer
shall not permit any such extension if (A) such L/C Issuer has determined that it would not be permitted, or would have no obligation at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by
reason of the provisions of clause (ii) or (iii) of Section 2.03(a) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is seven Business Days before
the Non-Extension Notice Date (1) from the Administrative Agent that the Required Lenders have elected not to permit such extension or (2) from the Administrative Agent, any Lender or the Borrower
that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, and in each such case directing such L/C Issuer not to permit such extension. 

(iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with
respect thereto or to the beneficiary thereof, the applicable L/C Issuer will also deliver to the Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. 

  
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 (c) Drawings and Reimbursements; Funding of Participations. (i) Upon receipt
from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the applicable L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Not later than 10:00 a.m. on the date of any payment by
the applicable L/C Issuer under a Letter of Credit (each such date, an “Honor Date”), the Borrower shall reimburse such L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower
fails to so reimburse the applicable L/C Issuer by such time, the Administrative Agent shall promptly notify each Lender of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such
Lender’s Applicable Percentage thereof. In such event, the Borrower shall be deemed to have requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without
regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Commitments and the conditions set forth in
Section 4.02 (other than the delivery of a Revolving Credit Loan Notice). Any notice given by the applicable L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given
by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 

(ii) Each Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available (and the
Administrative Agent may apply Cash Collateral provided for this purpose) for the account of the applicable L/C Issuer at the Administrative Agent’s Office in an amount equal to its Applicable Percentage of the Unreimbursed Amount not later
than 12:00 noon on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Lender that so makes funds available shall be deemed to have made
a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to such L/C Issuer. 

(iii) With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Credit Borrowing of Base Rate Loans
because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Borrower shall be deemed to have incurred from the applicable L/C Issuer an L/C Borrowing in the amount of the Unreimbursed
Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate. In such event, each Lender’s payment to the Administrative Agent for the account of
such L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation
obligation under this Section 2.03. 
 (iv) Until each Lender funds its Revolving Credit Loan or
L/C Advance pursuant to this Section 2.03(c) to reimburse the applicable L/C Issuer for any amount drawn under any Letter of Credit, interest in respect of such Lender’s Applicable Percentage of such amount shall be
solely for the account of such L/C Issuer. 

  
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 (v) Each Lender’s obligation to make Revolving Credit Loans or L/C
Advances to reimburse the applicable L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance,
including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against such L/C Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default, or
(C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation to make Revolving Credit Loans pursuant to this
Section 2.03(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrower of a Revolving Credit Loan Notice). No such making of an L/C Advance shall relieve or
otherwise impair the obligation of the Borrower to reimburse the applicable L/C Issuer for the amount of any payment made by such L/C Issuer under any Letter of Credit, together with interest as provided herein. 

(vi) If any Lender fails to make available to the Administrative Agent for the account of the applicable L/C Issuer any amount
required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), then, without limiting the other provisions of this
Agreement, such L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment
is immediately available to such L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by such L/C Issuer in accordance with banking industry rules on interbank compensation, plus any administrative,
processing or similar fees customarily charged by such L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Revolving Credit Loan
included in the relevant Revolving Credit Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of such L/C Issuer submitted to any Lender (through the Administrative Agent) with respect to any amounts
owing under this Section 2.03(c)(vi) shall be conclusive absent manifest error. 
 (d) Repayment of
Participations. (i) At any time after the applicable L/C Issuer has made a payment under any Letter of Credit and has received from any Lender such Lender’s L/C Advance in respect of such payment in accordance with
Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from the Borrower or otherwise,
including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Lender its Applicable Percentage thereof in the same funds as those received by the Administrative Agent. 

(ii) If any payment received by the Administrative Agent for the account of the applicable L/C Issuer pursuant to
Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion),
each Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is
returned by such Lender, at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

  
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 (e) Obligations Absolute. The obligation of the Borrower to reimburse each L/C Issuer
for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the
following: 
 (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan
Document; 
 (ii) the existence of any claim, counterclaim, setoff, defense or other right that the Borrower or any
Subsidiary may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), any L/C Issuer or any other Person, whether in connection with
this Agreement or such Letter of Credit, the transactions contemplated hereby or any agreement or instrument relating thereto, or any unrelated transaction; 

(iii) any draft, demand, endorsement, certificate or other document presented under or in connection with such Letter of Credit
proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing
under such Letter of Credit; 
 (iv) waiver by any L/C Issuer of any requirement that exists for such L/C Issuer’s
protection and not the protection of the Borrower or any waiver by any L/C Issuer which does not in fact materially prejudice the Borrower; 

(v) honor of a demand for payment presented electronically even if such Letter of Credit requires that demand be in the form of
a draft; 
 (vi) any payment made by any L/C Issuer in respect of an otherwise complying item presented after the date
specified as the expiration date of, or the date by which documents must be received under, such Letter of Credit if presentation after such date is authorized by the UCC or the ISP, as applicable; 

(vii) any payment by any L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does not
strictly comply with the terms of such Letter of Credit; or any payment made by any L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy,
debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such
Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or 
 (viii) any other
circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower or any of its Subsidiaries. 

The Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of
noncompliance with the Borrower’s instructions or other irregularity, the Borrower will immediately notify the applicable L/C Issuer. The Borrower shall be conclusively deemed to have waived any such claim against the applicable L/C Issuer and
its correspondents unless such notice is given as aforesaid. 

  
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 (f) Role of L/C Issuers. Each Lender and the Borrower agree that, in paying any
drawing under a Letter of Credit, no L/C Issuer shall have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or
accuracy of any such document or the authority of the Person executing or delivering any such document. None of the L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the
L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable; (ii) any action taken or omitted in the absence
of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document. The Borrower hereby assumes all risks of the acts
or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Borrower’s pursuing such rights and remedies as
it may have against the beneficiary or transferee at law or under any other agreement. None of the L/C Issuers, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuers shall
be liable or responsible for any of the matters described in clauses (i) through (viii) of Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Borrower
may have a claim against any L/C Issuer, and any L/C Issuer may be liable to the Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Borrower which the Borrower proves, as
determined by a final nonappealable judgment of a court of competent jurisdiction, were caused by such L/C Issuer’s willful misconduct or gross negligence or such L/C Issuer’s willful failure to pay under any Letter of Credit after the
presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit. In furtherance and not in limitation of the foregoing, any L/C Issuer may accept documents that appear
on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and such L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or
assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason. Each L/C Issuer may send a Letter of Credit
or conduct any communication to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) message or overnight courier, or any other commercially reasonable means of communicating with a
beneficiary. 
 (g) Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer and the Borrower when a
Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit. Notwithstanding the foregoing, no L/C Issuer shall be responsible to the Borrower for,
and each L/C Issuer’s rights and remedies against the Borrower shall not be impaired by, any action or inaction of any L/C Issuer required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter
of Credit or this Agreement, including the Law or any order of a jurisdiction where such L/C Issuer or the beneficiary is located, the practice stated in the ISP or in the decisions, opinions, practice statements, or official commentary of the ICC
Banking Commission, the Bankers Association for Finance and Trade—International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law
or practice. 

  
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 (h) Letter of Credit Fees. The Borrower shall pay to the Administrative Agent for the
account of each Lender in accordance, subject to Section 2.16, with its Applicable Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate
times the daily amount available to be drawn under such Letter of Credit. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with
Section 1.06. Letter of Credit Fees shall be (i) due and payable on the first day of each April, July, October and January, commencing with the first such date to occur after the issuance of such Letter of Credit, on
the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of
Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to the contrary contained herein, upon the request of the Administrative
Agent or the Required Lenders while any Event of Default exists (or automatically upon the occurrence of an Event of Default under Section 8.01(a) or Section 8.01(f)), all Letter of Credit Fees
shall accrue at the Default Rate. 
 (i) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Borrower
shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, equal to 0.125% per annum on the stated amount of each Letter of Credit issued by it, which fee shall be payable upon the
issuance of such Letter of Credit and at the time of each renewal or extension of each Letter of Credit, computed on the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due
and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to
occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit
shall be determined in accordance with Section 1.06. In addition, the Borrower shall pay directly to the applicable L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees,
and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable. 

(j) Conflict with Issuer Documents. In the event of any conflict between the terms hereof and the terms of any Issuer Document, the
terms hereof shall control. 

  
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 (k) L/C Issuer Reports to the Administrative Agent. Unless otherwise agreed by the
Administrative Agent, each L/C Issuer shall, in addition to its notification obligations set forth elsewhere in this Section, provide the Administrative Agent a Letter of Credit Report, as set forth below: 

(i) reasonably prior to the time that such L/C Issuer issues, amends, renews, increases or extends a Letter of Credit, the date
of such issuance, amendment, renewal, increase or extension and the stated amount of the applicable Letters of Credit after giving effect to such issuance, amendment, renewal or extension (and whether the amounts thereof shall have changed); 

(ii) on each Business Day on which such L/C Issuer makes a payment pursuant to a Letter of Credit, the date and amount of such
payment; 
 (iii) on any Business Day on which the Borrower fails to reimburse a payment made pursuant to a Letter of Credit
required to be reimbursed to such L/C Issuer on such day, the date of such failure and the amount of such payment; 
 (iv) on
any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such L/C Issuer; and 

(v) for so long as any Letter of Credit issued by an L/C Issuer is outstanding, such L/C Issuer shall deliver to the
Administrative Agent (A) on the last Business Day of each calendar month, (B) at all other times a Letter of Credit Report is required to be delivered pursuant to this Agreement, and (C) on each date that (1) an L/C Credit
Extension occurs or (2) there is any expiration, cancellation and/or disbursement, in each case, with respect to any such Letter of Credit, a Letter of Credit Report appropriately completed with the information for every outstanding Letter of
Credit issued by such L/C Issuer. 
 (l) Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or
outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit. The Borrower
hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Subsidiaries. 

2.04 Swing Line Loans. (a) The Swing Line. Subject to the terms and conditions set forth herein, each Swing Line
Lender may in its sole discretion, in reliance upon the agreements of the other Lenders set forth in this Section 2.04, make loans (each such loan, a “Swing Line Loan”) to the Borrower from time to time on
any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of its Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the Applicable Percentage
of the Outstanding Amount of Revolving Credit Loans and L/C Obligations of the Lender acting as Swing Line Lender, may exceed the amount of such Lender’s Commitment; provided, however, that (i) after giving effect to any
Swing Line Loan, (A) the Total Outstandings shall not exceed the Borrowing Base at such time, (B) the aggregate Outstanding Amount of the Revolving Credit Loans of any Lender at such time, plus such Lender’s Applicable Percentage of
the Outstanding Amount of all L/C Obligations at such time, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans at such time shall not exceed such Lender’s Commitment and (C) the aggregate
Outstanding Amount of all Swing Line Loans at any time shall not exceed the Total Swing Line Sublimit, and provided further that the Borrower shall 

  
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not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan, (ii) no Swing Line Lender shall be under any obligation to make any Swing Line Loan if it shall
determine (which determination shall be conclusive and binding absent manifest error) that it has, or by such Credit Extension may have, Fronting Exposure and (iii) no Swing Line Lender shall make any Swing Line Loan unless the conditions
specified in Section 4.02 have been satisfied on and as of the date the applicable Swing Line Loan is to be made. Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrower may borrow
under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall bear interest only at a rate based on the Base Rate.
Immediately upon the making of a Swing Line Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to
the product of such Lender’s Applicable Percentage times the amount of such Swing Line Loan. 
 (b) Borrowing Procedures. Each
Swing Line Borrowing shall be made upon the Borrower’s irrevocable notice to the applicable Swing Line Lender and the Administrative Agent, which may be given by: (i) telephone or (ii) a Swing Line Loan Notice. Each such notice must
be received by the applicable Swing Line Lender and the Administrative Agent not later than 12:00 noon on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii) the
requested borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed promptly by delivery to the applicable Swing Line Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately completed
and signed by a Responsible Officer of the Borrower. Promptly after receipt by the applicable Swing Line Lender of any telephonic Swing Line Loan Notice, the applicable Swing Line Lender will confirm with the Administrative Agent (by telephone or in
writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, the applicable Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the applicable Swing
Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Lender) prior to 1:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing such Swing Line Lender not to
make such Swing Line Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article IV is
not then satisfied, then, subject to the terms and conditions hereof, the applicable Swing Line Lender will, not later than 2:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to
the Borrower. 
 (c) Refinancing of Swing Line Loans. (i) Each Swing Line Lender at any time in its sole and absolute discretion
may request, on behalf of the Borrower (which hereby irrevocably authorizes each Swing Line Lender to so request on its behalf), that each Lender make a Base Rate Loan in an amount equal to such Lender’s Applicable Percentage of the amount of
Swing Line Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Revolving Credit Loan Notice for purposes hereof) and in accordance with the requirements of
Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Aggregate Commitments and the conditions set forth in
Section 4.02. The applicable Swing Line Lender shall furnish the Borrower with a copy of the applicable Revolving Credit Loan Notice promptly after delivering such notice to the Administrative Agent. Each Lender shall make
an amount equal 

  
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to its Applicable Percentage of the amount specified in such Revolving Credit Loan Notice available to the Administrative Agent in immediately available funds (and the Administrative Agent may
apply Cash Collateral available with respect to the applicable Swing Line Loan) for the account of the applicable Swing Line Lender at the Administrative Agent’s Office not later than 12:00 noon on the day specified in such Revolving Credit
Loan Notice, whereupon, subject to Section 2.04(c)(ii), each Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds
so received to the applicable Swing Line Lender. 
 (ii) If for any reason any Swing Line Loan cannot be refinanced by such a
Revolving Credit Borrowing in accordance with Section 2.04(c)(i), the request for Base Rate Loans submitted by the applicable Swing Line Lender as set forth herein shall be deemed to be a request by such Swing Line Lender
that each of the Lenders fund its risk participation in the relevant Swing Line Loan and each Lender’s payment to the Administrative Agent for the account of the applicable Swing Line Lender pursuant to
Section 2.04(c)(i) shall be deemed payment in respect of such participation. 
 (iii) If any Lender
fails to make available to the Administrative Agent for the account of the applicable Swing Line Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time
specified in Section 2.04(c)(i), the applicable Swing Line Lender shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the
date such payment is required to the date on which such payment is immediately available to the applicable Swing Line Lender at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the applicable Swing Line Lender
in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the applicable Swing Line Lender in connection with the foregoing. If such Lender pays such amount (with
interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Revolving Credit Loan included in the relevant Revolving Credit Borrowing or funded participation in the relevant Swing Line Loan, as the case may be. A
certificate of the applicable Swing Line Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error. 

(iv) Each Lender’s obligation to make Revolving Credit Loans or to purchase and fund risk participations in Swing Line
Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may
have against the applicable Swing Line Lender, the Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, (C) the existence of an Overadvance or (D) any other occurrence, event or
condition, whether or not similar to any of the foregoing; provided, however, that each Lender’s obligation to make Revolving Credit Loans pursuant to this Section 2.04(c) is subject to the conditions set
forth in Section 4.02. No such funding of risk participations shall relieve or otherwise impair the obligation of the Borrower to repay Swing Line Loans, together with interest as provided herein. 

  
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 (d) Repayment of Participations. (i) At any time after any Lender has purchased
and funded a risk participation in a Swing Line Loan, if the applicable Swing Line Lender receives any payment on account of such Swing Line Loan, such Swing Line Lender will distribute to such Lender its Applicable Percentage thereof in the same
funds as those received by such Swing Line Lender. 
 (ii) If any payment received by the applicable Swing Line Lender in
respect of principal or interest on any Swing Line Loan is required to be returned by such Swing Line Lender under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by
such Swing Line Lender in its discretion), each Lender shall pay to the applicable Swing Line Lender its Applicable Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such
amount is returned, at a rate per annum equal to the Federal Funds Rate. The Administrative Agent will make such demand upon the request of the applicable Swing Line Lender. The obligations of the Lenders under this clause shall survive the payment
in full of the Obligations and the termination of this Agreement. 
 (e) Interest for Account of Swing Line Lender. Each Swing Line
Lender shall be responsible for invoicing the Borrower for interest on such Swing Line Lender’s Swing Line Loans (provided that any failure of a Swing Line Lender to provide an invoice for interest on Swing Line Loans shall not release
the Borrower from its obligation to pay such interest). Until each Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Lender’s Applicable Percentage of any Swing Line
Loan, interest in respect of such Applicable Percentage shall be solely for the account of the applicable Swing Line Lender. 
 (f)
Payments Directly to Swing Line Lender. The Borrower shall make all payments of principal and interest in respect of the Swing Line Loans directly to the applicable Swing Line Lender. 

2.05 Prepayments. (a) Optional. (i) The Borrower may, upon notice to the Administrative Agent pursuant to delivery
to the Administrative Agent of a Notice of Loan Prepayment, at any time or from time to time voluntarily prepay Revolving Credit Loans in whole or in part without premium or penalty subject to Section 3.05; provided
that (A) such notice must be received by the Administrative Agent not later than 10:00 a.m. (1) three Business Days prior to any date of prepayment of LIBOR Loans and (2) on the date of prepayment of Base Rate Loans; (B) any
prepayment of LIBOR Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; and (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in
excess thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if LIBOR Loans are to be prepaid, the
Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the
Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Loan shall be accompanied by all accrued interest on the amount
prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.16, each such prepayment shall be applied to the Revolving Credit Loans of the Lenders in accordance with their
respective Applicable Percentages. 

  
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 (ii) The Borrower may, upon notice to the applicable Swing Line Lender (with
a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that (A) such notice must be received by the applicable Swing Line Lender
and the Administrative Agent not later than 12:00 noon on the date of the prepayment, and (B) any such prepayment shall be in a minimum principal amount of $100,000. Each such notice shall specify the date and amount of such prepayment. If such
notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of principal shall be accompanied by all accrued interest
on the amount prepaid. 
 (b) Mandatory. Subject to Section 2.18, if for any reason an Overadvance exists
at any time, the Borrower shall immediately prepay Revolving Credit Loans, Swing Line Loans and L/C Borrowings and/or Cash Collateralize the L/C Obligations (other than the L/C Borrowings) in an aggregate amount equal to such excess. 

2.06 Termination or Reduction of Commitments. The Borrower may, upon notice to the Administrative Agent, terminate the Aggregate
Commitments, the Letter of Credit Sublimit or the Total Swing Line Sublimit, or from time to time permanently reduce the Aggregate Commitments, the Letter of Credit Sublimit or the Total Swing Line Sublimit; provided that (i) any such
notice shall be received by the Administrative Agent not later than 10:00 a.m. five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole
multiple of $1,000,000 in excess thereof and (iii) the Borrower shall not terminate or reduce (A) the Aggregate Commitments if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Outstandings would exceed
the Borrowing Base, (B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit, or (C) the Total Swing
Line Sublimit if, after giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of Swing Line Loans would exceed the Total Swing Line Sublimit or the Outstanding Amount of Swing Line Loans owing to any Swing Line
Lender would exceed such Swing Line Lender’s Swing Line Sublimit. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swing Line Sublimit or the Aggregate Commitments under
this Section 2.06. Upon any reduction of the Aggregate Commitments, the Commitment of each Lender shall be reduced by such Lender’s Applicable Percentage of such reduction amount. Upon any reduction of the Total Swing
Line Sublimit, each Swing Line Lender’s Swing Line Sublimit shall be reduced pro rata by an amount equal to such reduction amount. All fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the
effective date of such termination. 
 2.07 Repayment of Loans. (a) Revolving Credit Loans. The Borrower shall
repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Credit Loans outstanding on such date. 

  
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 (b) Swing Line Loans. The Borrower shall repay each Swing Line Loan on the earlier to
occur of (i) the date ten (10) Business Days after such Loan is made and (ii) the Maturity Date. 
 (c) Protective
Advances. The Borrower shall repay each Protective Advance on the earlier to occur of (i) written demand therefor by the Administrative Agent and (ii) the Maturity Date. 

(d) Dominion Account. During any Cash Dominion Trigger Period if the Administrative Agent elects to implement cash dominion, the ledger
balance in each Dominion Account as of the end of a Business Day shall be applied to the Obligations at the beginning of the next Business Day. If a credit balance results from such application, it shall not accrue interest in favor of the Loan
Parties and shall be made available to the Borrower as long as no Default or Event of Default exists. At all times when a Cash Dominion Trigger Period is not in effect, Borrower shall have unrestricted access to amounts in Deposit Accounts. 

2.08 Interest. (a) Subject to the provisions of Section 2.08(b), (i) each LIBOR Loan shall bear
interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to LIBOR for such Interest Period plus the Applicable Rate; (ii) each Base Rate Loan shall bear interest on the outstanding principal amount
thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate; and (iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at
a rate per annum equal to the Base Rate plus the Applicable Rate. 
 (b) (i) If any amount of principal of any Loan is not paid when due
(without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest
extent permitted by applicable Laws. 
 (ii) If any amount (other than principal of any Loan) payable by the Borrower under
any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the Administrative Agent or the Required Lenders such amount shall thereafter
bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 

(iii) Upon the request of the Administrative Agent or the Required Lenders, while any Event of Default exists or automatically
upon the occurrence of an Event of Default under Section 8.01(a) or Section 8.01(f), the Borrower shall pay interest on the principal amount of all outstanding Obligations hereunder at a
fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws. 

(iv) Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon
demand. 
 (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other
times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 

  
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 2.09 Fees. In addition to certain fees described in Sections 2.03(h)
and (i): 
 (a) Commitment Fee. The Borrower shall pay to the Administrative Agent for the account of each Lender in accordance
with its Applicable Percentage, a commitment fee equal to the Applicable Fee Rate times the actual daily amount by which the Aggregate Commitments exceed the Revolving Credit Usage, subject to adjustment as provided in
Section 2.16. The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable
quarterly in arrears on the first day of each April, July, October and January, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period. The commitment fee shall be calculated quarterly in
arrears, and if there is any change in the Applicable Fee Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Fee Rate separately for each period during such quarter that such Applicable Fee Rate was
in effect. 
 (b) Other Fees. (i) The Borrower shall pay to MLPFS and the Administrative Agent for their own respective accounts
fees in the amounts and at the times specified in the Fee Letter. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

(ii) The Borrower shall pay to the Administrative Agent for the benefit of the Lenders such fees as shall have been separately
agreed upon in the Fee Letter. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

2.10 Computation of Interest and Fees. (a) All computations of interest for Base Rate Loans (excluding Base Rate Loans
determined by reference to LIBOR) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made on the basis of a
360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year). Interest shall
accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is
made shall, subject to Section 2.12(a), bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

 2.11 Evidence of Debt. (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or
records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the
Credit Extensions made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount
owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the
Administrative Agent shall control in the absence of manifest error. 

  
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Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Note, which shall evidence such
Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. 

(b) In addition to the accounts and records referred to in Section 2.11(a), each Lender and the Administrative Agent
shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans. In the event of any conflict between the accounts and records
maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. 

2.12 Payments Generally; Administrative Agent’s Clawback. (a) General. All payments to be made by
the Borrower shall be made free and clear and without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the
Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 1:00 p.m. on the date specified herein. The
Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments
received by the Administrative Agent after 1:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrower shall come due on a day other
than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected on computing interest or fees, as the case may be. 

(b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a
Lender prior to the proposed date of any Borrowing of LIBOR Loans (or, in the case of any Borrowing of Base Rate Loans, prior to 12:00 p.m. (noon) on the date of such Borrowing) that such Lender will not make available to the Administrative Agent
such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or, in the case of a Borrowing of Base Rate Loans,
that such Lender has made such share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if
a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount
in immediately available funds with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be
made by such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged
by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made by the Borrower, the interest rate applicable to Base Rate Loans. If the Borrower and such Lender shall

  
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pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower
for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrower shall be without
prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. 

(ii) Payments by Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received
notice from the Borrower prior to the time at which any payment is due to the Administrative Agent for the account of the Lenders or the L/C Issuers hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the
Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the L/C Issuers, as the case may be, the amount due. In such event, if the Borrower has not in fact made such
payment, then each of the Lenders or the L/C Issuers, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or such L/C Issuer, in immediately available funds with
interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent
in accordance with banking industry rules on interbank compensation. 
 A notice of the Administrative Agent to any Lender or the Borrower with respect to
any amount owing under this subsection (b) shall be conclusive, absent manifest error. 
 (c) Failure to Satisfy Conditions
Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the
Administrative Agent because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as
received from such Lender) to such Lender, without interest. 
 (d) Obligations of Lenders Several. The obligations of the Lenders
hereunder to make Revolving Credit Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments pursuant to Section 10.04(c) are several and not joint. The failure of any Lender to make any
Loan, to fund any such participation or to make any payment under Section 10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall
be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 10.04(c). 

(e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or
manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

  
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 (f) Insufficient Funds. If at any time insufficient funds are received by and
available to the Administrative Agent to pay fully all amounts of principal, L/C Borrowings, interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees then due hereunder, ratably
among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, toward payment of principal and L/C Borrowings then due hereunder, ratably among the parties entitled
thereto in accordance with the amounts of principal and L/C Borrowings then due to such parties. 
 2.13 Sharing of Payments by
Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of (a) Obligations due and payable to such Lender hereunder and under the other Loan Documents at such time in excess of
its ratable share (according to the proportion of (i) the amount of such Obligations due and payable to such Lender at such time to (ii) the aggregate amount of the Obligations due and payable to all Lenders hereunder and under the other
Loan Documents at such time) of payments on account of the Obligations due and payable to all Lenders hereunder and under the other Loan Documents at such time obtained by all the Lenders at such time or (b) Obligations owing (but not due and
payable) to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations owing (but not due and payable) to such Lender at such time to
(ii) the aggregate amount of the Obligations owing (but not due and payable) to all Lenders hereunder and under the other Loan Parties at such time) of payment on account of the Obligations owing (but not due and payable) to all Lenders
hereunder and under the other Loan Documents at such time obtained by all of the Lenders at such time then, in each case under clause (a) and (b) above, the Lender receiving such greater proportion shall (a) notify the Administrative Agent
of such fact, and (b) purchase (for cash at face value) participations in the Revolving Credit Loans and subparticipations in L/C Obligations and Swing Line Loans of the other Lenders, or make such other adjustments as shall be equitable, so
that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of Obligations then due and payable to the Lenders or owing (but not due and payable) to the Lenders, as the case may be,
provided that: 
 (i) if any such participations or subparticipations are purchased and all or any portion of the
payment giving rise thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(ii) the provisions of this Section shall not be construed to apply to (A) any payment made by or on behalf of the
Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), (B) the application of Cash Collateral provided for in
Section 2.15, or (C) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or subparticipations in L/C Obligations or Swing Line Loans to any assignee or
participant, other than an assignment to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this Section 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 setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 

  
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 2.14 Increase in Commitments. 

(a) Request for Increase. Provided there exists no Default, upon notice to the Administrative Agent (which shall promptly notify the
Lenders), the Borrower may from time to time request an increase in the Aggregate Commitments to an amount up to but not exceeding (giving effect to all such increases) $50,000,000; provided that (i) any such request for an increase
shall be in a minimum amount of $10,000,000 (or such lesser amount that permits compliance with Section 2.14(e)(iv) and (ii) the Borrower may make a maximum of five (5) such requests. At the time of sending such
notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to
the Lenders). 
 (b) Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether
or not it agrees to increase its Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have
declined to increase its Commitment. 
 (c) Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall
notify the Borrower and each Lender of the Lenders’ responses to each request made hereunder. Subject to the approval of the Administrative Agent, the L/C Issuers and the Swing Line Lenders (which approvals shall not be unreasonably withheld),
the Borrower may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance satisfactory to the Administrative Agent and its counsel, which invitation may be made concurrently with the notice
required by Section 2.14(a). 
 (d) Effective Date and Allocations. If the Aggregate Commitments are
increased in accordance with this Section, the Administrative Agent and the Borrower shall determine the effective date (the “Revolving Credit Increase Effective Date”) and the final allocation of such increase. The
Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such increase and the Revolving Credit Increase Effective Date. 

(e) Conditions to Effectiveness of Increase. Any such increase shall be subject to the following additional conditions: (i) the
Borrower shall deliver to the Administrative Agent a certificate of each Loan Party dated as of the Revolving Credit Increase Effective Date (in sufficient copies for each Lender) signed by a Responsible Officer of such Loan Party
(x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase, and (y) in the case of the Borrower, certifying that, before and after giving effect to such increase, (A) the
representations and warranties contained in Article V and the other Loan Documents are true and correct on and as of the Revolving Credit Increase Effective Date, except to the extent that such representations and warranties specifically
refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of this Section 2.14, the representations and warranties contained in subsections (a) and (b) of
Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), 

  
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respectively, of Section 6.01, and (B) no Default or Event of Default shall have occurred and be continuing as of the date of such notice given in accordance with
Section 2.14(a) and both immediately before and after giving effect thereto as of the Revolving Credit Increase Effective Date; (ii) the increase in Aggregate Commitments shall be on the same terms and conditions as
this Agreement (except with respect to upfront or similar fees payable to the Lenders providing such increase and arrangement fees), including benefiting from the same guarantees and secured by the same liens and Collateral; (iii) the increase
in Aggregate Commitments, to the extent arising from the admission of an Eligible Assignee as a Lender, shall be effected pursuant to one or more joinder agreements executed and delivered by the Borrower, the new Lender(s) and the Administrative
Agent, each of which shall be in form and substance reasonably satisfactory to the Agent; (iv) neither the funding of such increase (assuming that the Aggregate Commitments as so increased are fully drawn) nor the existence of the Liens
securing the same would exceed 95% of any applicable limitation under the Senior Notes Indenture or any other agreement governing material Indebtedness for borrowed money of the Borrower and its Subsidiaries; (v) the Borrower shall pay all
reasonable and documented fees and expenses in connection with the increase in Aggregate Commitments, including payments required pursuant to Section 3.05 in connection with the increase; and (vi) the Borrower shall
have delivered all customary agreements, certificates, opinions and other customary documents reasonably requested by the Administrative Agent in connection with such increase. Borrower shall prepay any Revolving Credit Loans outstanding on the
Revolving Credit Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Revolving Credit Loans ratable with any revised Applicable
Percentages arising from any nonratable increase in the Commitments under this Section, and Borrower may use advances from Lenders having new or increased Commitments for such prepayment. 

(f) Conflicting Provisions. This Section shall supersede any provisions in Section 2.13 or 10.01 to
the contrary. 
 2.15 Cash Collateral. 

(a) Certain Credit Support Events. Upon the request of the Administrative Agent or any L/C Issuer (i) if the applicable L/C Issuer
has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (ii) if, as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, the
Borrower shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations. At any time that there shall exist a Defaulting Lender, immediately upon the request of the Administrative Agent, the L/C Issuers or the
Swing Line Lenders, the Borrower shall deliver to the Administrative Agent Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to clause (ii) above,
after giving effect to Section 2.16(a)(iv) and any Cash Collateral provided by the Defaulting Lender). 
 (b)
Voluntary Cash Collateralization of Letters of Credit. Upon prior notice to the Administrative Agent and any L/C Issuer, Borrower or any other Loan Party may, in its discretion and at any time, Cash Collateralize all or a portion of the
Outstanding Amount of L/C Obligations. 

  
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 (c) Grant of Security Interest. All Cash Collateral (other than credit support not
constituting funds subject to deposit) shall be maintained in blocked deposit accounts at Bank of America which, in the case of Cash Collateral provided by any Loan Party, shall be interest bearing deposit accounts. The Borrower shall pay on demand
therefor from time to time all customary account opening, activity and other administrative fees and charges in connection with the maintenance and disbursement of Cash Collateral. The Borrower, and to the extent provided by any Lender, such Lender,
hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuers and the Lenders (including the Swing Line Lenders), and agrees to maintain, a first priority security interest
in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied
pursuant to Section 2.15(d). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided, or that the total
amount of such Cash Collateral is less than the Minimum Collateral Amount, the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral
in an amount sufficient to eliminate such deficiency. 
 (d) Application. Notwithstanding anything to the contrary contained in this
Agreement, Cash Collateral provided under any of this Section 2.15 or Sections 2.03, 2.04, 2.05, 2.06, 2.16 or 8.02 in respect of Letters of Credit or Swing Line
Loans shall be held and applied to the satisfaction of the specific L/C Obligations, Swing Line Loans, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such
obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may be provided for herein. 

(e) Release. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or to secure other obligations
shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable Lender (or, as appropriate, its
assignee following compliance with Section 10.06(b)(vi))), or (ii) the Administrative Agent’s good faith determination that there exists excess Cash Collateral; provided, however, (w) any such release shall
be without prejudice to, and any disbursement or other transfer of Cash Collateral shall be and remain subject to, any other Lien conferred under the Loan Documents and the other applicable provisions of the Loan Documents, (x) that Cash
Collateral furnished by or on behalf of a Loan Party shall not be released during the continuance of a Default or Event of Default (and following application as provided in this Section 2.15 may be otherwise applied in
accordance with Section 8.03), and (y) the Person providing Cash Collateral and the L/C Issuers or Swing Line Lenders, as applicable, may agree that Cash Collateral shall not be released but instead held to support
future anticipated Fronting Exposure or other obligations. 
 2.16 Defaulting Lenders. Notwithstanding anything to the
contrary contained in this Agreement: 
 (a) Waivers and Amendments. A Defaulting Lender’s right to approve or disapprove any
amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in Section 10.01. 

  
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 (b) Reallocation of Payments and Applicable Percentages. For purposes of determining
Lenders’ obligations or rights to fund, participate in or receive collections with respect to Loans and Letters of Credit (including existing Swingline Loans, Protective Advances and L/C Obligations), the Administrative Agent may in its
discretion reallocate Applicable Percentages by excluding a Defaulting Lender’s Commitments and Loans from the calculation of thereof. 

(c) Payments; Fees. The Administrative Agent may, in its discretion, receive and retain any amounts payable to a Defaulting Lender
under the Loan Documents, and a Defaulting Lender shall be deemed to have assigned to the Administrative Agent such amounts until all Obligations owing to the Administrative Agent, non-Defaulting Lenders and
other Secured Parties have been paid in full. The Administrative Agent may use such amounts to cover the Defaulting Lender’s defaulted obligations, to Cash Collateralize such Lender’s Fronting Exposure, to readvance the amounts to the
Borrower or to repay Obligations. A Lender shall not be entitled to receive any fees accruing hereunder while it is a Defaulting Lender and its unfunded Commitment shall be disregarded for purposes of calculating the commitment fee under
Section 2.09(a). If any L/C Obligations owing to a Defaulted Lender are reallocated to other Lenders, fees attributable to such L/C Obligations under Section 2.03(h) shall be paid to such Lenders.
The Administrative Agent shall be paid all fees attributable to L/C Obligations that are not reallocated 
 (d) Defaulting Lender
Cure. If the Borrower, the Administrative Agent, Swing Line Lenders and the L/C Issuers agree in writing in their sole discretion that a Defaulting Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties
hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par
that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Revolving Credit Loans and funded and unfunded participations in Letters of Credit, Swing Line
Loans and Protective Advances to be held on a pro rata basis by the Lenders in accordance with their Applicable Percentages (without giving effect to Section 2.16(b)), whereupon that Lender will cease to be a Defaulting
Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the
extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.

 2.17 Protective Advances. The Administrative Agent shall be authorized, in its discretion, at any time that any condition
in Section 4.02 is not satisfied, to make Base Rate Loans (“Protective Advances”) (a) up to an aggregate amount of $10,000,000 outstanding at any time, if the Administrative Agent deems such Loans necessary
or desirable to preserve or protect Collateral, or to enhance the collectability or repayment of Obligations, as long as such Loans do not cause Total Outstandings to exceed the aggregate Commitments; or (b) to pay any other amounts chargeable
to the Loan Parties under any Loan Documents, including interest, costs, fees and expenses. Lenders shall participate in Protective Advances outstanding from time to time in accordance with their respective Applicable Percentages. The Required
Lenders may at any time revoke the Administrative Agent’s authority to make further Protective Advances under clause (a) by written notice to the Administrative Agent. Absent such revocation, the Administrative Agent’s

  
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determination that funding of a Protective Advance is appropriate shall be conclusive. No funding of a Protective Advance shall constitute a waiver by the Administrative Agent or the Lenders of
any Event of Default relating thereto. No Loan Party shall be a beneficiary of this Section 2.17 nor authorized to enforce any of its terms. 

2.18 Overadvances. Any Overadvance shall be repaid by Borrower on demand by the Administrative Agent, and shall constitute an
Obligation secured by the Collateral, entitled to all benefits of the Loan Documents. The Administrative Agent may require the Lenders to fund Base Rate Loans that cause or constitute an Overadvance and to forbear from requiring the Borrower to cure
an Overadvance, as long as the total Overadvance does not exceed 10% of the Borrowing Base and does not continue for more than 30 consecutive days without the consent of Required Lenders. In no event shall Loans be required that would cause Total
Oustandings to exceed the aggregate Commitments. No funding or sufferance of an Overadvance shall constitute a waiver by the Administrative Agent or the Lenders of the Event of Default caused thereby. No Obligor shall be a beneficiary of this
Section 2.18 nor authorized to enforce any of its terms. 
 ARTICLE III 

TAXES, YIELD PROTECTION AND ILLEGALITY 

3.01 Taxes. (a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all
payments by or on account of any obligation of the Borrower hereunder or under any other Loan Document shall to the extent permitted by applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however,
applicable Laws require an applicable withholding agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with such Laws as determined by the Borrower or the Administrative Agent, as the case may be, upon the basis
of the information and documentation to be delivered pursuant to subsection (e) below. 
 (ii) If any applicable
withholding agent shall be required by applicable Law to withhold or deduct any Taxes, including both United States federal backup withholding and withholding Taxes, from any payment, then (A) such withholding agent shall withhold or make such
deductions as are determined by such withholding agent to be required based upon the information and documentation it has received pursuant to subsection (e) below, (B) such withholding agent shall timely pay the full amount withheld or
deducted to the relevant Governmental Authority in accordance with applicable Law, and (C) if such Tax subject to withholding or deduction is an Indemnified Tax, the sum payable by the Borrower shall be increased as necessary so that after any
required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section) the applicable Recipient receives an amount equal to the sum it would have received had no such withholding
or deduction been made. 
 (b) Payment of Other Taxes by the Borrower. Without limiting the provisions of subsection (a) above,
the Borrower shall timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of any Other Taxes. 

  
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 (c) Tax Indemnifications. (i) Without limiting the provisions of subsection
(a) or (b) above, the Borrower shall, and does hereby, indemnify each Recipient and shall make payment in respect thereof within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or
asserted on or attributable to amounts payable under this Section) withheld or deducted by the Borrower or the Administrative Agent or paid by the applicable Recipient and any penalties, interest and reasonable expenses arising therefrom or with
respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. The Borrower shall also, and does hereby, indemnify the Administrative Agent, and shall make payment in
respect thereof within 10 days after demand therefor, for any amount which a Lender or an L/C Issuer for any reason fails to pay indefeasibly to the Administrative Agent as required by clause (ii) of this subsection. A certificate as to the
amount of any such payment or liability delivered to the Borrower by a Recipient (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or an L/C Issuer, shall be conclusive absent
manifest error. 
 (ii) Without limiting the provisions of subsection (a) or (b) above, each Lender and each L/C Issuer
shall, and does hereby, indemnify the Administrative Agent, and shall make payment in respect thereof within 10 days after demand therefor, against any and all Taxes and any and all related losses, claims, liabilities, penalties, interest and
expenses (including the fees, charges and disbursements of any counsel for the Administrative Agent) incurred by or asserted against the Administrative Agent by any Governmental Authority as a result of the failure by such Lender or such L/C Issuer,
as the case may be, to deliver, or as a result of the inaccuracy, inadequacy or deficiency of, any documentation required to be delivered by such Lender or such L/C Issuer, as the case may be, to the Administrative Agent pursuant to subsection (e).
Each Lender and each L/C Issuer hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or such L/C Issuer, as the case may be, under this Agreement or any other Loan Document against any
amount due to the Administrative Agent under this clause (ii). 
 (d) Evidence of Payments. Upon request by the Borrower or the
Administrative Agent, as the case may be, after any payment of Taxes by the Borrower or the Administrative Agent to a Governmental Authority as provided in this Section 3.01, the Borrower shall deliver to the Administrative
Agent or the Administrative Agent shall deliver to the Borrower, as the case may be, the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by Laws to report such
payment or other evidence of such payment reasonably satisfactory to the Borrower or the Administrative Agent, as the case may be. 
 (e)
Status of Lenders; Tax Documentation. (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent,
at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made
without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable Law or reasonably requested by the

  
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Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting
requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 3.01(e)(ii)(A),
(ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice
the legal or commercial position of such Lender. 
 (ii) Without limiting the generality of the foregoing, 

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

(1) in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party
(x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E
establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the
“business profits” or “other income” article of such tax treaty; 
 (2) executed originals of IRS Form W-8ECI; 
 (3) in the case of a Foreign Lender claiming the benefits of the exemption for
portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit I-1 to the effect that such Foreign Lender is not a “bank” within the
meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in
Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E (as applicable); or 

  
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 (4) to the extent a Foreign Lender is not the beneficial owner, executed
originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or IRS Form W-8BEN-E (as applicable), a U.S. Tax Compliance Certificate substantially in the form of Exhibit I-2 or Exhibit
I-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and
one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit
I-4 on behalf of each such direct and indirect partner. 
 (C) any Foreign Lender
shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under
this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals of any other form prescribed by applicable Law as a basis for claiming exemption from or a reduction in
U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable Law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and

 (D) if a payment made to a Recipient under any Loan Document would be subject to U.S. federal withholding Tax imposed by
FATCA if such Recipient 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 Recipient 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 Recipient has complied with such Recipient’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include
any amendments made to FATCA after the date of this Agreement. 
 Each Lender agrees that if any form or certification it previously
delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

(f) Treatment of Certain Refunds. Unless required by applicable Laws, at no time shall the Administrative Agent have any obligation to
file for or otherwise pursue on behalf of a Lender or an L/C Issuer, or have any obligation to pay to any Lender or any L/C Issuer, any refund of Taxes withheld or deducted from funds paid for the account of such Lender or such L/C Issuer, as the
case may be. If the Administrative Agent, any Lender or any L/C Issuer determines, in its sole 

  
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discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts
pursuant to this Section, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section with respect to the Taxes giving rise to such
refund), net of all out-of-pocket expenses incurred by the Administrative Agent, such Lender or such L/C Issuer, as the case may be, and without interest (other than any
interest paid by the relevant Governmental Authority with respect to such refund), provided that the Borrower, upon the request of the Administrative Agent, such Lender or such L/C Issuer, agrees to repay the amount paid over to the Borrower
(plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, such Lender or such L/C Issuer in the event the Administrative Agent, such Lender or such L/C Issuer is required to repay
such refund to such Governmental Authority. This subsection shall not be construed to require the Administrative Agent, any Lender or any L/C Issuer to make available its Tax returns (or any other information relating to its Taxes that it deems
confidential) to the Borrower or any other Person. 
 (g) FATCA Grandfathering. For purposes of determining U.S. withholding Taxes
imposed under FATCA, from and after the date of this Agreement, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) this Agreement as not qualifying as a “grandfathered
obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i). 
 (h)
Survival. Each party’s obligations under this Section 3.01 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender or an L/C
Issuer, the termination of the Commitments and the repayment, satisfaction or discharge of all other Obligations. 
 3.02
Illegality. If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Loans whose interest is
determined by reference to LIBOR, or to determine or charge interest rates based upon LIBOR, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the
London interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, (i) any obligation of such Lender to make or continue LIBOR Loans or to convert Base Rate Loans to LIBOR Loans shall be suspended,
and (ii) if such notice asserts the illegality of such Lender making or maintaining Base Rate Loans the interest rate on which is determined by reference to the LIBOR component of the Base Rate, the interest rate on which Base Rate Loans of
such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the LIBOR component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Borrower that the
circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (x) the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all LIBOR Loans of
such Lender to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the LIBOR component of the Base Rate), either on
the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such LIBOR Loans to such day, or immediately, if such Lender may not lawfully continue to maintain 

  
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such LIBOR Loans and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon LIBOR, the Administrative Agent shall during the period of
such suspension compute the Base Rate applicable to such Lender without reference to the LIBOR component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge
interest rates based upon LIBOR. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted. 

3.03 Inability to Determine Rates. The Administrative Agent will promptly notify the Borrower and the Lenders if, in connection
with any Loan or request with respect to a Loan, (a) the Administrative Agent determines that (i) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable Loan amount or Interest Period,
or (ii) adequate and reasonable means do not exist for determining LIBOR for the Loan or Interest Period (including with respect to calculation of the Base Rate); or (b) the Administrative Agent or the Required Lenders determine for any
reason that LIBOR for the Interest Period does not adequately and fairly reflect the cost to Lenders of funding or maintaining the Loan. Thereafter, the Lenders’ obligations to make or maintain affected LIBOR Loans and utilization of the LIBOR
component (if affected) in determining Base Rate shall be suspended until the Administrative Agent determines (or is instructed by the Required Lenders) to withdraw the notice. Upon receipt of such notice, the Borrower may revoke any pending request
for funding, conversion or continuation of a LIBOR Loan or, failing that, will be deemed to have requested a Base Rate Loan, and the Administrative Agent may (or shall upon request by the Required Lenders) immediately convert any affected LIBOR Loan
to a Base Rate Loan and/or disregard the use of LIBOR in determining Base Rate. 
 3.04 Increased Costs; Capital Adequacy.
(a) Increased Costs Generally. If any Change in Law shall: 
 (i) impose, modify or deem applicable any reserve,
liquidity, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in
calculating LIBOR) or any L/C Issuer; 
 (ii) subject any Recipient to any Taxes (other than (A) Indemnified Taxes,
(B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other
liabilities or capital attributable thereto; or 
 (iii) impose on any Lender or any L/C Issuer or the London interbank
market any other condition, cost or expense affecting this Agreement or LIBOR Loans made by such Lender or any Letter of Credit or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender of making, converting to, continuing or maintaining any Loan the interest
on which is determined by reference to LIBOR (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or such L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its
obligation to participate in or to issue any Letter of Credit), or to reduce the amount 

  
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of any sum received or receivable by such Lender or such L/C Issuer hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or such L/C Issuer, the
Borrower will pay to such Lender or such L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or such L/C Issuer, as the case may be, for such additional costs incurred or reduction suffered. 

(b) Capital Requirements. If any Lender or any L/C Issuer determines that any Change in Law affecting such Lender or such L/C Issuer or
any Lending Office of such Lender or such Lender’s or such L/C Issuer’s holding company, if any, regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or such L/C
Issuer’s capital or on the capital of such Lender’s or such L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit or Swing
Line Loans held by, such Lender, or the Letters of Credit issued by such L/C Issuer, to a level below that which such Lender or such L/C Issuer or such Lender’s or such L/C Issuer’s holding company could have achieved but for such Change
in Law (taking into consideration such Lender’s or such L/C Issuer’s policies and the policies of such Lender’s or such L/C Issuer’s holding company with respect to capital adequacy), then from time to time the Borrower will pay
to such Lender or such L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or such L/C Issuer or such Lender’s or such L/C Issuer’s holding company for any such reduction suffered. 

(c) Certificates for Reimbursement. A certificate of a Lender or an L/C Issuer setting forth the amount or amounts necessary to
compensate such Lender or such L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such
Lender or such L/C Issuer, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof. 
 (d)
Delay in Requests. Failure or delay on the part of any Lender or any L/C Issuer to demand compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of such Lender’s or such L/C Issuer’s right to
demand such compensation, provided that the Borrower shall not be required to compensate a Lender or an L/C Issuer pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than 180 days
prior to the date that such Lender or such L/C Issuer, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or such L/C Issuer’s intention to claim
compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of
retroactive effect thereof). 
 (e) Reserves on LIBOR Loans. The Borrower shall pay to each Lender, (i) as long as such Lender
shall be required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal
amount of each LIBOR Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive) and (ii) as long as such Lender shall be required
to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the 

  
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funding of the Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such
Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable on each date on which interest is payable on such Loan, provided the Borrower shall have
received at least 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender. If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional interest shall
be due and payable 10 days from receipt of such notice. 
 3.05 Compensation for Losses. Upon demand of any Lender (with a
copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of: 

(a) any continuation, conversion, payment or prepayment of any LIBOR Loan on a day other than the last day of the Interest Period for such Loan
(whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 
 (b) any failure by the Borrower (for a reason other
than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any LIBOR Loan on the date or in the amount notified by the Borrower; or 

(c) any assignment of a LIBOR Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Borrower
pursuant to Section 10.13; 
 including any loss of anticipated profits and any loss or expense arising from the liquidation or
reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with
the foregoing. 
 For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05, each Lender
shall be deemed to have funded each LIBOR Loan made by it at LIBOR for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such LIBOR Loan
was in fact so funded. 
 3.06 Mitigation Obligations; Replacement of Lenders. (a) Designation of a Different Lending
Office. If any Lender requests compensation under Section 3.04, or the Borrower is required to pay any additional amount to any Lender, any L/C Issuer, or any Governmental Authority for the account of any Lender or any
L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender or such L/C Issuer shall, as applicable, use reasonable efforts to designate a
different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender or such L/C Issuer, such designation or
assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to
Section 3.02, as applicable, and (ii) in each case, would not subject such Lender or such L/C Issuer, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or
such L/C Issuer, as the case may be. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender or any L/C Issuer in connection with any such designation or assignment. 

  
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 (b) Replacement of Lenders. If any Lender requests compensation under
Section 3.04, 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 3.01, the Borrower may
replace such Lender in accordance with Section 10.13. 
 3.07 Survival. All of the Borrower’s
obligations under this Article III shall survive termination of the Aggregate Commitments, repayment of all other Obligations hereunder, and resignation of the Administrative Agent. 

ARTICLE IV 
 CONDITIONS
PRECEDENT TO CREDIT EXTENSIONS 
 4.01 Conditions of Initial Credit Extension. The obligation of each L/C Issuer and each
Lender to make its initial Credit Extension hereunder (including the deemed issuance of the Existing Letters of Credit) is subject to satisfaction of the following conditions precedent: 

(a) The Administrative Agent’s receipt of the following, each of which shall be originals or telecopies (followed promptly by originals)
unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before the Closing Date) and each in form
and substance satisfactory to the Administrative Agent and each of the Lenders: 
 (i) executed counterparts of this
Agreement and the Guaranty, sufficient in number for distribution to the Administrative Agent, each Lender and the Borrower; 

(ii) a Note executed by the Borrower in favor of each Lender requesting a Note; 

(iii) the Collateral Rights Agreement, duly executed by each of the parties thereto; 

(iv) the Security Agreement, duly executed by each Loan Party, together with: 

(A) proper Financing Statements in form appropriate for filing under the Uniform Commercial Code of all jurisdictions that the
Administrative Agent may deem necessary or desirable in order to perfect the Liens created under the Security Agreement, covering the Collateral described in the Security Agreement, 

(B) UCC and Lien searches and other evidence satisfactory to the Administrative Agent that Liens in favor of the Administrative
Agent are the only Liens upon the Collateral, except Liens permitted under Section 7.01, 
 (C)
evidence of the completion of all other actions, recordings and filings of or with respect to the Security Agreement that the Administrative Agent may deem necessary or desirable in order to perfect the Liens created thereby, 

  
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 (D) the Account Control Agreements and the Securities Account Control
Agreement (in each case, as defined in the Security Agreement) required pursuant to the Security Agreement and duly executed by the appropriate parties, and 

(E) evidence that all other action that the Administrative Agent may deem necessary or desirable in order to perfect the Liens
created under the Security Agreement has been taken (including receipt of duly executed payoff letters and UCC-3 termination statements); 

(v) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers
of each Loan Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Agreement and the other Loan Documents
to which such Loan Party is a party or is to be a party; 
 (vi) such documents and certifications as the Administrative
Agent may reasonably require to evidence that each Loan Party is duly organized or formed, and that the Borrower and each Guarantor is validly existing, in good standing and qualified to engage in business in each jurisdiction where its ownership,
lease or operation of properties or the conduct of its business requires such qualification, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; 

(vii) a favorable written opinion of each of (i) Thompson & Knight LLP, counsel to the Loan Parties,
(ii) Bryan Cave LLP, Colorado counsel to the Loan Parties, (iii) Lynch, Chappell & Alsup, New Mexico counsel to the Loan Parties and (iv) the Law Offices of Morris Laing, as Kansas counsel to the Loan Parties, in each case
addressed to the Administrative Agent and each Lender, as to the matters concerning the Loan Parties and the Loan Documents as the Required Lenders may reasonably request; 

(viii) a certificate signed by a Responsible Officer of the Borrower certifying (A) that the conditions specified in
Sections 4.02(a) and (b) have been satisfied, (B) that, after giving effect to the issuance or deemed issuance of any Letters of Credit on the Closing Date, any additional Credit Extension on the Closing Date, the payment by
Borrower of all fees and expenses due hereunder and all payments due on the Closing Date, (y) Availability hereunder plus unrestricted cash on hand of the Loan Parties is not less than $100,000,000 and (z) Availability hereunder is not
less than $60,000,000, and (C) that attached to such certificate are true and correct calculations evidencing satisfaction of the conditions described in clause (B) above; 

(ix) a Borrowing Base Certificate as of August 31, 2018; 

(x) a financial forecast of the Borrower and its Subsidiaries on a consolidated basis prepared by management of the Borrower,
including consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on an annual basis for each of the Borrower’s fiscal years 2018 through and including 2023; 

  
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 (xi) for the fiscal quarter ended June 30, 2018, a consolidated balance
sheet of the Borrower and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income or operations, changes in shareholders’ equity, and cash flows for such fiscal quarter, all in reasonable detail,
certified by the chief executive officer, chief financial officer, treasurer or controller of the Borrower as fairly presenting in all material respects the financial condition, results of operations, shareholders’ equity and cash flows of the
Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; 

(xii) certificates attesting to the Solvency of each Material Loan Party before and after giving effect to entering into this
Agreement and any repayment or incurrence of Indebtedness on the Closing Date and the payment of fees and expenses in connection therewith, from its chief financial officer; 

(xiii) evidence that all insurance required to be maintained pursuant to the Loan Documents has been obtained and is in effect,
together with the certificates of insurance, naming the Administrative Agent, on behalf of the Lenders, as an additional insured or loss payee, as the case may be, under all insurance policies maintained with respect to the assets and properties of
the Loan Parties that constitute Collateral; 
 (xiv) duly executed payoff letters from the Receivables Facility Agent in
respect of the Receivables Facility Agreement and from the Term Loan Agent in respect of the Term Loan Agreement together with all related release instruments and attachments thereto, in each case in form and substance reasonably satisfactory to the
Administrative Agent; 
 (xv) evidence that the following transactions shall have been (or shall concurrently be)
consummated, in each case on terms and conditions reasonably satisfactory to the Administrative Agent: 
 (A) the Borrower
shall have issued the Senior Notes pursuant to the Senior Notes Indenture which result in aggregate gross proceeds to the Borrower of not less than $297,126,000; 

(B) all principal, premium, if any, interest, fees and other amounts due or outstanding under the Receivables Facility
Agreement, shall have been paid in full, the commitments thereunder terminated and all guarantees and security in support thereof discharged and released, and the Administrative Agent shall have received reasonably satisfactory evidence thereof;

 (C) the Receivables Transfer Agreement dated as of September 29, 2017, among Basic Energy Services, L.P., Basic
Energy Receivables, LLC and the other parties party thereto shall have been terminated, and the Administrative Agent shall have received reasonably satisfactory evidence thereof; 

(D) BER shall have reassigned to the Loan Parties all of the Accounts which it had purchased from the Loan Parties and
transferred to the Loan Parties all collections with respect thereto; and 

  
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 (E) all principal, premium, interest, fees and other amounts due or
outstanding under the Term Loan Agreement shall have been paid in full, the commitments thereunder terminated and all guarantees and security in support thereof discharged and released, and the Administrative Agent shall have received reasonably
satisfactory evidence thereof; 
 (xvi) if applicable, a duly executed Letter of Credit Application for each Letter of Credit
requested to be issued on the Closing Date, together with all other documents and information pertaining to such requested Letter of Credit issuance as the L/C Issuer or the Administrative Agent may require; and 

(xvii) such other assurances, certificates, documents, consents or opinions as the Administrative Agent, the L/C Issuers, the
Swing Line Lenders or any Lender reasonably may require. 
 (b) (i) All fees required to be paid to the Administrative Agent, MLPFS and any
L/C Issuer on or before the Closing Date shall have been paid and (ii) all fees required to be paid to the Administrative Agent on behalf of the Lenders on or before the Closing Date shall have been paid. 

(c) Unless waived by the Administrative Agent, the Borrower shall have paid all reasonable and documented fees, charges and disbursements of
counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent invoiced prior to or on the Closing Date, plus such additional amounts of such fees, charges and disbursements as shall constitute
its reasonable estimate of such fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrower and
the Administrative Agent). 
 (d) (i) All accrued but unpaid letter of credit fees, and other amounts outstanding with respect to the
Existing Letters of Credit shall have been paid in full; provided that, for the avoidance of doubt, the Existing Letters of Credit issued by Bank of America and outstanding on the Closing Date shall remain outstanding as Letters of Credit
hereunder and shall be subject to and governed by the terms and conditions hereof and (ii) that certain Cash Collateral Agreement dated as of September 29, 2017 between the Borrower and Bank of America relating to the Existing Letters of
Credit shall have been terminated. 
 (e) All consents, licenses, approvals, waivers, acknowledgements and other agreements required in
connection with the execution, delivery and performance by such Loan Party, and the validity against such Loan Party, of the Loan Documents to which it is a party shall be in full force and effect. 

(f) The Borrower shall have provided, in form and substance satisfactory to the Administrative Agent and each Lender, all documentation and
other information as the Administrative Agent or any Lender deems appropriate in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including the Patriot Act and Beneficial Ownership
Regulation. If the Borrower or any other Loan Party qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, it shall deliver a Beneficial Ownership Certification to the Administrative Agent and the Lenders upon
request. 

  
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 Without limiting the generality of the provisions of the last paragraph of
Section 9.03, for purposes of determining compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or
accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the
proposed Closing Date specifying its objection thereto. 
 4.02 Conditions to all Credit Extensions. The obligation of each
Lender to honor any Request for Credit Extension (other than a Revolving Credit Loan Notice requesting only a conversion of Revolving Credit Loans to the other Type, or a continuation of LIBOR Loans) is subject to the following conditions precedent:

 (a) The representations and warranties of the Borrower and each other Loan Party contained in Article V or any other Loan Document,
or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material respects on and as of the date of such Credit Extension, except to the extent that (i) such
representations and warranties are qualified by materiality or reference to “Material Adverse Effect”, in which case such representations and warranties shall be true and correct in all respects, and (ii) that such representations and
warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (without duplication of any materiality qualification applicable thereto) as of such earlier date; provided that for
purposes of this Section 4.02, the representations and warranties contained in Sections 5.05(a) and (b) shall be deemed to refer to the most recent statements furnished pursuant to Sections 6.01(a)
and (b), respectively. 
 (b) No Default shall exist, or would result from such proposed Credit Extension or from the application of
the proceeds thereof. 
 (c) The Administrative Agent and, if applicable, the applicable L/C Issuer or the applicable Swing Line Lender
shall have received a Request for Credit Extension in accordance with the requirements hereof. 
 Each Request for Credit Extension (other than a Revolving
Credit Loan Notice requesting only a conversion of Revolving Credit Loans to the other Type or a continuation of LIBOR Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections
4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 
 The
Borrower represents and warrants to the Administrative Agent and the Lenders that: 
 5.01 Existence, Qualification and Power.
Each Loan Party and each of its Restricted Subsidiaries (a) is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite
power 

  
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and authority and all requisite governmental licenses, authorizations, consents and approvals to (i) own or lease its assets and carry on its business and (ii) execute, deliver and
perform its obligations under the Loan Documents to which it is a party, and (c) is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or
the conduct of its business requires such qualification or license; except in each case referred to in clause (b)(i) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. As of the Closing
Date, all information included in any Beneficial Ownership Certification is true and complete in all respects. 
 5.02
Authorization; No Contravention. The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is or is to be a party have been duly authorized by all necessary corporate or other organizational action,
and do not and will not (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach or contravention of, under, or require any payment to be made under any Contractual Obligation
to which such Person is a party or affecting such Person or the properties of such Person or any of its Restricted Subsidiaries, except for conflicts, breaches or contraventions that could not reasonably be expected to result in a Material Adverse
Effect, (c) violate any Law or any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (d) result in the creation or imposition of any Lien on any
property of the Borrower or any Restricted Subsidiary except Liens created under the Loan Documents. 
 5.03 Governmental
Authorization; Other Consents. No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with (a) the execution,
delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, (b) the grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents, (c) the perfection or
continuance of the Liens created under the Collateral Documents (including the first priority nature thereof) or (d) the exercise by the Administrative Agent or any Lender of its rights under the Loan Documents or the remedies in respect of the
Collateral pursuant to the Collateral Documents, except for the authorizations, approvals, actions, notices and filings which (i) have been duly obtained, taken, given or made and are in full force and effect, (ii) are required by the Loan
Documents or (iii) in the case of any authorization, approval, action, notice or filing from or with a Person other than a Governmental Authority, the failure to have could not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect. 
 5.04 Binding Effect. This Agreement has been, and each other Loan Document, when delivered
hereunder, will have been, duly executed and delivered by each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party,
enforceable against each Loan Party that is party thereto in accordance with its terms except as such enforcement may be limited by bankruptcy, insolvency or similar Laws of general application relating to the enforcement of creditors’ rights
and by general principles of equity. 

  
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 5.05 Financial Statements; No Material Adverse Effect. (a) The Audited
Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present in all material respects the financial condition of
the Borrower and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein;
and (iii) show or describe all material indebtedness and other liabilities, direct or contingent, of the Borrower and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness. 

(b) Since the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate, that
has had or could reasonably be expected to have a Material Adverse Effect. 
 (c) The consolidated forecasted balance sheet, statements of
income and cash flows of the Borrower and its Subsidiaries delivered pursuant to Section 4.01 or Section 6.01(c) were prepared in good faith on the basis of the assumptions stated therein, which
assumptions were fair in light of the conditions existing at the time of delivery of such forecasts, and represented, at the time of delivery, the Borrower’s best estimate of its future financial condition and performance, recognizing that
there are industry-wide risks normally associated with the types of business conducted by the Borrower and its Subsidiaries and that the Borrower does not warrant that such forecasts and estimates will ultimately prove to have been accurate. 

5.06 Litigation. There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Borrower,
threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against the Borrower or any of its Subsidiaries or against any of their properties or revenues that (a) purport to affect or pertain to
this Agreement or any other Loan Document, or (b) either individually or in the aggregate, if determined adversely, could reasonably be expected to have a Material Adverse Effect. 

5.07 No Default. Neither any Loan Party nor any Restricted Subsidiary thereof is in default under or with respect to, or a party
to, any Contractual Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the transactions
contemplated by this Agreement or any other Loan Document. 
 5.08 Ownership of Property; Liens; Investments. Each Loan Party
and each of its Restricted Subsidiaries has good title to, or valid leasehold interests in, all of their respective property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in
the aggregate, reasonably be expected to have a Material Adverse Effect. 
 5.09 Environmental Compliance. (a) The Loan
Parties and their respective Subsidiaries conduct in the ordinary course of business a review of the effect of existing Environmental Laws and claims alleging potential liability or responsibility for violation of any Environmental Law on their
respective businesses, operations and properties, and as a result thereof the Borrower has reasonably concluded that such Environmental Laws and claims could not, individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect. 

  
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 (b) None of the properties currently owned or operated or, to the knowledge of any Loan
Party, formerly owned or operated, by any Loan Party or any of its Subsidiaries is listed or proposed for listing on the NPL or on the CERCLIS or any analogous foreign, state or local list or is adjacent to any such property. Except as in accordance
in all material respects with the requirements of all Environmental Laws: (i) there are no and never have been any underground or above-ground storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons in which Hazardous
Materials are being or have been treated, stored or disposed on any property currently owned or operated by any Loan Party or any of its Subsidiaries or, to the best of the knowledge of the Loan Parties, on any property formerly owned or operated by
any Loan Party or any of its Subsidiaries and (ii) Hazardous Materials have not been released, discharged or disposed of on any property currently or formerly owned or operated by any Loan Party or any of its Subsidiaries. Except as could not,
individually or in the aggregate, reasonably be expected to cause a Material Adverse Effect, there is no asbestos or asbestos-containing material on any property currently owned or operated by any Loan Party or any of its Subsidiaries. 

(c) Neither any Loan Party nor any of its Subsidiaries is undertaking, and has not completed, either individually or together with other
potentially responsible parties, any investigation or assessment or remedial or response action relating to any actual or threatened release, discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or
pursuant to the order of any Governmental Authority or the requirements of any Environmental Law except for any investigations, assessments or remedial or response actions not reasonably expected to result in any material liability to any Loan Party
or any of its Subsidiaries. All Hazardous Materials generated, used, treated, handled or stored at, or transported to or from, any property currently or formerly owned or operated by any Loan Party or any of its Subsidiaries have been disposed of in
accordance with the requirements of all Environmental Laws in all material respects and in a manner not reasonably expected to result in material liability to any Loan Party or any of its Subsidiaries. 

(d) The Borrower and each of its Subsidiaries have obtained all Environmental Permits necessary for the ownership and operation of its
properties and assets and the conduct of its business except where the failure to do so could, either individually or in the aggregate, reasonably be expected to result in material liability to any Loan Party or any of its Subsidiaries. Except where
the failure to do so could not, either individually or in the aggregate, reasonably be expected to cause a Material Adverse Effect, the Borrower and each of its Subsidiaries have been and are in compliance with all terms and conditions of such
Environmental Permits. There are no pending or, to the knowledge of the Borrower, threatened, claims against the Borrower or any Subsidiary under any Environmental Laws and neither the Borrower nor any Subsidiary has received any written notice
of alleged non-compliance with applicable Environmental Laws or Environmental Permits which could, in each case, either individually or in the aggregate, reasonably be expected to (i) cause a Material
Adverse Effect or (ii) result in material liability to any Loan Party or any of its Subsidiaries. 
 5.10 Insurance. The
properties of the Borrower and its Restricted Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of the Borrower, in such amounts (after giving effect to any self-insurance compatible with the following
standards), 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 the applicable Restricted Subsidiary operates. 

  
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 5.11 Taxes. The Borrower and its Restricted Subsidiaries have filed all
federal, state and other material Tax returns and reports required to be filed, and have paid all federal, state and other material Taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or
assets otherwise due and payable, except those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP. There is no proposed Tax assessment
against the Borrower or any Restricted Subsidiary that would, if made, have a Material Adverse Effect. Neither any Loan Party nor any Subsidiary thereof is party to any Tax sharing agreement. 

5.12 ERISA Compliance. 

(a) There are no pending or, to the best knowledge of the Borrower, threatened claims, actions or lawsuits, or action by any Governmental
Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or could
reasonably be expected to result in a Material Adverse Effect. 
 (b) Except as could not, either individually or in the aggregate,
reasonably be expected to cause a Material Adverse Effect: (i) no ERISA Event has occurred, and neither the Borrower nor any ERISA Affiliate is aware of any fact, event or circumstance that could reasonably be expected to constitute or result
in an ERISA Event with respect to any Pension Plan; (ii) the Borrower and each ERISA Affiliate has met all applicable requirements under the Pension Funding Rules in respect of each Pension Plan, and no waiver of the minimum funding standards
under the Pension Funding Rules has been applied for or obtained; (iii) as of the most recent valuation date for any Pension Plan, the funding target attainment percentage (as defined in Section 430(d)(2) of the Code) is 60% or higher and
neither the Borrower nor any ERISA Affiliate knows of any facts or circumstances that could reasonably be expected to cause the funding target attainment percentage for any such plan to drop below 60% as of the most recent valuation date;
(iv) neither the Borrower nor any ERISA Affiliate has incurred any liability to the PBGC other than for the payment of premiums, and there are no premium payments which have become due that are unpaid; (v) neither the Borrower nor any
ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or Section 4212(c) of ERISA; (vi) no Pension Plan has been terminated by the plan administrator thereof nor by the PBGC, and no event or circumstance
has occurred or exists that could reasonably be expected to cause the PBGC to institute proceedings under Title IV of ERISA to terminate any Pension Plan; and (vii) the Borrower and each ERISA Affiliate have maintained each Plan (other than a
Multiemployer Plan) in compliance with the applicable provisions of ERISA, the Code and other federal or state laws. 
 5.13
Subsidiaries; Equity Interests; Loan Parties. As of the Closing Date, no Loan Party has any Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.13, and all of the outstanding Equity Interests in such
Subsidiaries have been validly issued, are fully paid and non-assessable and are owned by a Loan Party in the amounts specified on Part (a) of Schedule 5.13 free and clear of all
Liens except those permitted under Section 7.01. As of the Closing Date, no Loan Party has any equity investments in any other corporation or entity other 

  
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than those specifically disclosed in Part (b) of Schedule 5.13. Set forth on Part (c) of Schedule 5.13 is a complete and accurate list of all Loan Parties, showing as of
the Closing Date (as to each Loan Party) the jurisdiction of its incorporation, the address of its principal place of business and its U.S. taxpayer identification number or, in the case of any non-U.S. Loan
Party that does not have a U.S. taxpayer identification number, its unique identification number issued to it by the jurisdiction of its incorporation. As of the Closing Date, each of BER, BER Holdco, Robota and BESI is an Immaterial Domestic
Subsidiary. 
 5.14 Margin Regulations; Investment Company Act. (a) The Borrower is not engaged and will not engage,
principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. Following
the application of the proceeds of each Borrowing or drawing under each Letter of Credit, not more than 25% of the value of the assets (either of the Borrower only or of the Borrower and its Subsidiaries on a consolidated basis) subject to the
provisions of Section 7.01 or Section 7.05 or subject to any restriction contained in any agreement or instrument between the Borrower and any Lender or any Affiliate of any Lender relating to
Indebtedness and within the scope of Section 8.01(e) will be margin stock. 
 (b) None of the Borrower, any Person
Controlling the Borrower, or any Subsidiary is or is required to be registered as an “investment company” under the Investment Company Act of 1940. 

5.15 Disclosure. The Borrower has disclosed to the Administrative Agent and the Lenders all agreements, instruments and
corporate or other restrictions to which it or any of its Subsidiaries or any other Loan Party is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse
Effect. No report, financial statement, certificate or other information furnished by or on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this
Agreement or delivered hereunder or under any other Loan Document (in each case as modified or supplemented by other information so furnished), when taken as a whole, contains any material misstatement of fact or omits to state any material fact
necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to projections, budgets, estimates and other forward looking statements, the Borrower
represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time, recognizing that there are industry-wide risks normally associated with the types of business conducted by the Borrower
and its Subsidiaries and that the Borrower does not warrant that such projections, budgets, estimates and other forward looking statements will ultimately prove to have been accurate. 

5.16 Compliance with Laws. Each Loan Party and each Restricted Subsidiary thereof is in compliance in all material respects with
the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good
faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

  
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 5.17 Intellectual Property; Licenses, Etc. The Borrower and each of its
Restricted Subsidiaries own, or possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights (collectively, “IP Rights”)
that are reasonably necessary for the operation of their respective businesses, without conflict with the rights of any other Person to the extent such conflict could reasonably be expected to have a Material Adverse Effect. To the best knowledge of
the Borrower, no slogan or other advertising device, product, process, method, substance, part or other material now employed, or now contemplated to be employed, by the Borrower or any of its Restricted Subsidiaries infringes upon any rights held
by any other Person. No claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the Borrower, threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse
Effect. 
 5.18 Solvency. Each Material Loan Party is, individually and together with its Subsidiaries on a consolidated
basis, Solvent. 
 5.19 Casualty, Etc. Neither the businesses nor the properties of any Loan Party or any of its Restricted
Subsidiaries are affected by any fire, explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by insurance) that, either
individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 
 5.20 Labor Matters. There
are no collective bargaining agreements or Multiemployer Plans covering the employees of the Borrower or any of its Restricted Subsidiaries as of the Closing Date and neither the Borrower nor any Restricted Subsidiary has suffered any strikes,
walkouts, work stoppages or other material labor difficulty within the last five years. 
 5.21 Collateral Documents. The
provisions of the Collateral Documents are effective to create in favor of the Administrative Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Liens permitted by
Section 7.01) on all right, title and interest of the respective Loan Parties in the Collateral described therein. Except for filings completed prior to the Closing Date and as contemplated hereby and by the Collateral
Documents and for such other action completed on or prior to the Closing Date, no filing or other action will be necessary to perfect or protect such Liens. 

5.22 Sanctions Concerns. No Loan Party, nor any Subsidiary, nor, to the knowledge of the Loan Parties and their Subsidiaries,
any director, officer, employee, agent, affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by any individual or entity that is, (a) currently the subject or target of any Sanctions or
(b) located, organized or resident in a Designated Jurisdiction. 
 5.23 EEA Financial Institutions. No Loan Party is an
EEA Financial Institution. 
 5.24 Indenture Compliance. None of (a) the execution or performance of the Loan Documents,
(b) the incurrence of any Obligations by the Loan Parties or (c) the granting of any Liens securing the Obligations violates the Senior Notes Indenture, including Section 3.2 thereof, or the other Senior Notes Documents. The Borrower
further represents that the Aggregate Commitments and Obligations constitute “Permitted Debt” under the Senior Notes Indenture. The 

  
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Administrative Agent may condition Borrowings, Letters of Credit, Commitment increases and other credit accommodations under the Loan Documents from time to time upon the Administrative
Agent’s receipt of evidence that the Aggregate Commitments and Obligations continue to constitute “Permitted Debt” under the Senior Notes Indenture at such time. 

ARTICLE VI 
 AFFIRMATIVE
COVENANTS 
 So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or
any Letter of Credit shall remain outstanding, the Borrower shall, and shall (except in the case of the covenants set forth in Sections 6.01, 6.02, 6.03 and 6.11) cause each Restricted Subsidiary to: 

6.01 Financial Statements; Borrowing Base Certificate. Deliver to the Administrative Agent and each Lender, in form and detail
satisfactory to the Administrative Agent and the Required Lenders: 
 (a) as soon as available, but in any event within 90 days after the end
of each fiscal year of the Borrower (or, if earlier, 15 days after the date required to be filed with the SEC (without giving effect to any extension permitted by the SEC)) (commencing with the fiscal year ending December 31, 2018), a
consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or operations, changes in shareholders’ equity, and cash flows for such fiscal year, setting
forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an independent certified public accountant of
nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or
exception as to the scope of such audit other than with respect to, or resulting from, (i) an upcoming maturity date or (ii) any potential inability to satisfy any financial covenant on a future date or for a future period; 

(b) as soon as available, but in any event within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the
Borrower (or, if earlier, 5 days after the date required to be filed with the SEC (without giving effect to any extension permitted by the SEC)) (commencing with the fiscal quarter ending September 30, 2018), a consolidated balance sheet of the
Borrower and its Subsidiaries as at the end of such fiscal quarter, and the related consolidated statements of income or operations, changes in shareholders’ equity, and cash flows for such fiscal quarter and for the portion of the
Borrower’s fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail,
certified by the chief executive officer, chief financial officer, treasurer or controller of the Borrower as fairly presenting in all material respects the financial condition, results of operations, shareholders’ equity and cash flows of the
Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; 

  
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 (c) if there are any Unrestricted Subsidiaries as of the end of any fiscal period covered by
the financial statements referred to in Section 6.01(a) or (b), concurrently with the delivery of such financial statements, internally prepared consolidating financial statements reconciling the financial condition
of the Borrower’s Restricted Subsidiaries and Unrestricted Subsidiaries, in a format reasonably acceptable to the Administrative Agent, certified by the chief executive officer, chief financial officer, treasurer or controller of the Borrower
as presenting fairly in all material respects the financial condition and results of operations of the Restricted Subsidiaries and Unrestricted Subsidiaries of the Borrower in accordance with GAAP; 

(d) if a Monthly Financial Reporting Trigger Period is in effect, as soon as available, but in any event within 30 days after the end of each
month, a consolidated balance sheet of the Borrower and its Subsidiaries as at the end of such month, and the related consolidated statements of income or operations, changes in shareholders’ equity, and cash flows for such month and for the
portion of the Borrower’s fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding month of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable
detail, certified by the chief executive officer, chief financial officer, treasurer or controller of the Borrower as fairly presenting in all material respects the financial condition, results of operations, shareholders’ equity and cash flows
of the Borrower and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; 

(e) as soon as available, but in any event not later than 45 days after the end of each fiscal year of the Borrower, a financial forecast of
the Borrower and its Subsidiaries on a consolidated and, if there are any Unrestricted Subsidiaries, consolidating basis prepared by management of the Borrower, in form satisfactory to the Administrative Agent and the Required Lenders, including
consolidated and, if there are any Unrestricted Subsidiaries, consolidating balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a quarterly basis for the immediately following fiscal year
(including the fiscal year in which the Maturity Date occurs); 
 (f) a Borrowing Base Certificate prepared as of the end of the applicable
period, as soon as available, but in any event (i) when no Weekly BBC Trigger Period is in effect, not later than 15 days after the end of each month and (ii) when a Weekly BBC Trigger Period is in effect, not later than 3 Business Days
after the end of each week. All calculations of Availability in any Borrowing Base Certificate shall originally be made by the Borrower and certified by the chief executive officer, chief financial officer, treasurer or controller of the Borrower,
provided that the Administrative Agent may from time to time review and adjust any such calculation (A) to reflect its reasonable estimate of declines in value of any Collateral, due to collections received in the Dominion Accounts or
otherwise; and (B) to the extent the calculation is not made in accordance with this Agreement or does not accurately reflect the Availability Reserve. 

As to any information contained in materials furnished pursuant to Section 6.02(d), the Borrower shall not be separately required to
furnish such information under Section 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections
6.01(a) and (b) above at the times specified therein. 

  
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 6.02 Certificates; Other Information. Deliver to the Administrative Agent and
each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders: 
 (a) concurrently with the delivery of
the financial statements referred to in Section 6.01(a), a certificate of its independent certified public accountants certifying such financial statements and stating that in making the examination necessary therefor no
knowledge was obtained of any Default under the financial covenants set forth herein or, if any such Default shall exist, stating the nature and status of such event; 

(b) concurrently with the delivery of the financial statements referred to in Sections 6.01(a), (b) and
(c), a duly completed Compliance Certificate, including a calculation of the Consolidated Fixed Charge Coverage Ratio whether or not the financial covenant is being tested at such time, signed by the chief executive officer, chief financial
officer, treasurer or controller of the Borrower (which delivery may, unless the Administrative Agent, or a Lender requests executed originals, be by electronic communication including fax or email and shall be deemed to be an original authentic
counterpart thereof for all purposes); 
 (c) promptly after any request by the Administrative Agent or any Lender, copies of any detailed
audit reports, management letters or recommendations submitted to the board of directors (or the audit committee of the board of directors) of any Loan Party by independent accountants in connection with the accounts or books of any Loan Party or
any of its Subsidiaries, or any audit of any of them; 
 (d) promptly after the same are available, copies of each annual report, proxy or
financial statement or other report or communication sent to the stockholders of the Borrower, and copies of all annual, regular, periodic and special reports and registration statements which the Borrower may file or be required to file with the
SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, or with any national securities exchange, and in any case not otherwise required to be delivered to the Administrative Agent pursuant hereto; 

(e) promptly after the furnishing thereof, copies of any statement or report furnished to any holder of debt securities of any Loan Party or
of any of its Restricted Subsidiaries pursuant to the terms of the Senior Notes Indenture or any other indenture, loan or credit or similar agreement and not otherwise required to be furnished to the Lenders pursuant to
Section 6.01 or any other clause of this Section 6.02; 
 (f) as soon as available, but
in any event within 30 days after the end of each fiscal year of the Borrower, a report summarizing the insurance coverage (specifying type, amount and carrier) in effect for each Loan Party and its Restricted Subsidiaries and containing such
additional information as the Administrative Agent, or any Lender through the Administrative Agent, may reasonably specify; 
 (g) promptly,
and in any event within five Business Days after receipt thereof by any Loan Party or any Restricted Subsidiary thereof, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or possible investigation or other inquiry by such agency regarding financial or other operational results of any Loan Party or any Subsidiary thereof; 

  
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 (h) not later than five Business Days after receipt thereof by any Loan Party or any
Subsidiary thereof, copies of all material notices, requests and other documents (including amendments, waivers and other modifications) received under or pursuant to the Senior Notes Indenture or any other instrument, indenture, loan or credit or
similar agreement and, from time to time upon request by the Administrative Agent, such information and reports regarding the Senior Notes Indenture and such other instruments, indentures and loan and credit and similar agreements as the
Administrative Agent may reasonably request; 
 (i) promptly after the assertion or occurrence thereof, notice of any action or proceeding
against or of any noncompliance by any Loan Party or any of its Subsidiaries with any Environmental Law or Environmental Permit that could reasonably be expected to have a Material Adverse Effect; and 

(j) promptly, such additional information regarding the business, financial, legal or corporate affairs of any Loan Party or any Subsidiary
thereof, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably request, including without limitation, information for purposes of compliance with applicable “know your
customer” and anti-money-laundering rules and regulations, including, without limitation, the Patriot Act and the Beneficial Ownership Regulation. 

Documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(d) (to
the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or
provides a link thereto on the Borrower’s website on the Internet at the website address listed on Schedule 10.02; or (ii) on which such documents are posted on the Borrower’s behalf on an Internet or intranet website, if any,
to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) the Borrower shall deliver paper copies of such documents to
the Administrative Agent or any Lender upon its request to the Borrower to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the Borrower shall notify
the Administrative Agent and each Lender (by fax transmission or e-mail) of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft
copies) of such documents. The Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the
Borrower with any such request by a Lender for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

The Borrower hereby acknowledges that (a) the Administrative Agent and/or the Arrangers will make available to the Lenders and the L/C Issuers materials
and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks, Debt Domain, Syndtrak, ClearPar, or another similar electronic system (the
“Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to the
Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities. The Borrower hereby agrees that it will use
commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public Lenders and that (w) all such 

  
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Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the
first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent, the Arrangers, the L/C Issuers and the Lenders to treat such Borrower Materials as not
containing any material non-public information (although it may be sensitive and proprietary) with respect to the Borrower or its securities for purposes of United States federal and state securities laws
(provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all Borrower Materials marked “PUBLIC” are
permitted to be made available through a portion of the Platform designated “Public Side Information;” and (z) the Administrative Agent and the Arrangers shall be entitled to treat any Borrower Materials that are not marked
“PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information”. 

6.03 Notices. Promptly notify the Administrative Agent and each Lender: 

(a) of the occurrence of any Default; 

(b) (i) the breach or non-performance of, or any default under, a Contractual Obligation of the
Borrower or any Restricted Subsidiary; (ii) any dispute, litigation, investigation, proceeding or suspension between the Borrower or any Restricted Subsidiary and any Governmental Authority; (iii) the commencement of, or any material
development in, any litigation or proceeding affecting the Borrower or any Restricted Subsidiary, including pursuant to any applicable Environmental Laws, (iv) or any other matter, in each case, that has resulted or could reasonably be expected
to result in a Material Adverse Effect; 
 (c) the commencement of, or any material development in, any investigation, litigation or
proceeding affecting the Borrower or any Restricted Subsidiary pursuant to any applicable Environmental Laws which could, either individually or in the aggregate, reasonably be expected to result in material liability to any Loan Party or any of its
Restricted Subsidiaries; 
 (d) of the occurrence of any ERISA Event; and 

(e) of any material change in accounting policies or financial reporting practices by any Loan Party or any Subsidiary thereof, including any
determination by the Borrower referred to in Section 2.10(b). 
 Each notice pursuant to Section 6.03
shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the occurrence referred to therein and stating what action the Borrower has taken and proposes to take with respect thereto. Each notice pursuant
to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached. 

6.04 Payment of Obligations. Pay and discharge as the same shall become due and payable, all its material obligations and
liabilities, including (a) all Tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate
reserves in accordance with GAAP are being maintained by the Borrower or such Restricted Subsidiary; (b) all lawful claims which, if unpaid, would by law become a Lien upon its property, unless the

  
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same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrower or such Restricted
Subsidiary; and (c) all Indebtedness, as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Indebtedness. 

6.05 Preservation of Existence, Etc.. (a) Preserve, renew and maintain in full force and effect the Borrower’s and the
Material Loan Parties’ legal existence and good standing under the Laws of the jurisdiction of its organization except in a transaction permitted by Section 7.04 or 7.05; (b) take all reasonable action to
maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and
(c) preserve or renew all of its registered patents, trademarks, trade names and service marks, the non-preservation of which could reasonably be expected to have a Material Adverse Effect. 

6.06 Maintenance of Properties. (a) Maintain, preserve and protect all of its material properties and equipment necessary
in the operation of its business in good working order and condition, ordinary wear and tear excepted; (b) make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be
expected to have a Material Adverse Effect; and (c) use the standard of care typical in the industry in the operation and maintenance of its facilities. 

6.07 Maintenance of Insurance. (a) Maintain insurance with respect to the Collateral, covering casualty, hazard, theft,
malicious mischief, flood and other risks, in amounts, with endorsements and with insurers (with a Best’s Financial Strength Rating of at least A+, unless otherwise approved by the Administrative Agent in its discretion) satisfactory to the
Administrative Agent. All proceeds under each policy covering Collateral shall be payable to the Administrative Agent as a lender loss payee. From time to time upon request, the Borrower shall deliver to the Administrative Agent the originals or
certified copies of its insurance policies. Unless the Administrative Agent shall agree otherwise, each policy shall include satisfactory endorsements that (i) provide for not less than 30 days prior notice to the Administrative Agent of
termination, lapse or cancellation of such insurance, (ii) with respect to insurance covering Collateral, name the Administrative Agent as loss payee, and (iii) specify that the interest of the Administrative Agent shall not be impaired or
invalidated by any act or negligence of any Loan Party or the owner of the property, nor by the occupation of the premises for purposes more hazardous than are permitted by the policy. If the Borrower fails to provide and pay for any insurance, the
Administrative Agent may, at its option, but shall not be required to, procure the insurance and charge the Borrower therefor. The Borrower agrees to deliver to the Administrative Agent, promptly as rendered, copies of all reports made to insurance
companies. While no Event of Default exists, the Loan Parties may settle, adjust or compromise any insurance claim, as long as the proceeds are delivered to the Administrative Agent. If an Event of Default exists, only the Administrative Agent shall
be authorized to settle, adjust and compromise such claims. 
 (b) In addition to the insurance required under clause (a) with respect
to Collateral, maintain insurance with insurers (with a Best’s Financial Strength Rating of at least A+, unless otherwise approved by the Administrative Agent in its discretion) satisfactory to the Administrative Agent, with respect to the
properties and business of the Loan Parties, of such type (including product liability, workers’ compensation, larceny, embezzlement, or other criminal misappropriation insurance), in such amounts, and with such coverages and deductibles as are
at the time of placing such insurance customary for companies similarly situated and which are available at commercially reasonable rates. 

  
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 6.08 Compliance with Laws. Comply in all material respects with the
requirements of all Laws (including Anti-Terrorism Laws) and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or
decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply (other than failure to comply with Anti-Terrorism Laws) therewith could not reasonably be expected to have a Material Adverse
Effect. 
 6.09 Books and Records. (a) Maintain proper books of record and account, in which full, true and correct
entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of the Borrower or such Restricted Subsidiary, as the case may be; and (b) maintain such books of
record and account in material conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over the Borrower or such Restricted Subsidiary, as the case may be. 

6.10 Inspection Rights. (a) Permit representatives and independent contractors of the Administrative Agent and each Lender
to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent
public accountants, all at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Borrower; provided, however, that when an Event of Default exists the Administrative Agent
or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business hours and without advance notice. 

(b) Subject to the reimbursement limitations contained in the next sentence, at any time upon the Administrative Agent’s request, the
Loan Parties will allow the Administrative Agent (or its designee) to conduct field examinations to ensure the adequacy of Collateral included in any Borrowing Base and related reporting and control systems, and prepared on a basis reasonably
satisfactory to the Administrative Agent, such field examinations to include, without limitation, information required by applicable Law. The Borrower shall reimburse the Administrative Agent for all reasonable and documented charges, costs and
expenses (including a reasonable per diem field examination charge and out of pocket expenses) related thereto with respect to no more than one such field examination during each calendar year; provided that if Availability is at any time
less than the greater of (i) $33,750,000 and (ii) 22.5% of the Borrowing Base, the Borrower shall reimburse the Administrative Agent for all reasonable charges, costs and expenses (including a reasonable per diem field examination charge and out of
pocket expenses) related to a second such field examination during such calendar year (without any obligation on the part of the Administrative Agent to conduct such examination); and provided, further, that when an Event of Default
exists, there shall be no limitation on the number or frequency of field examinations that shall be at the sole expense of the Borrower. For the purposes of clarity, any field examination commenced when an Event of Default exists may be completed at
the Borrower’s sole expense notwithstanding the cessation of such Event of Default. The Secured Parties shall have no duty to any Loan Party to make any inspection, nor to share any results of any inspection, appraisal or report with any Loan
Party. The Borrower acknowledge that all inspections, appraisals and reports are prepared by the Administrative Agent and/or the Lenders are for their purposes, and the Borrower shall not be entitled to rely upon them. 

  
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 6.11 Use of Proceeds. Use the proceeds of the Credit Extensions (i) to
refinance certain existing indebtedness on the Closing Date and (ii) for working capital and other general corporate purposes, including the financing of Permitted Acquisitions, Investments permitted by Section 7.03 and any other use
permitted by the Loan Documents in each case not in contravention of any Law or of any Loan Document. 
 6.12 Covenant to
Guarantee Obligations and Give Security. (a) With respect to (x) any Person that becomes a direct or indirect Subsidiary after the Closing Date (other than a CFC, a Subsidiary that is held directly or indirectly by a CFC, any
Immaterial Domestic Subsidiary created or acquired after the Closing Date and any Unrestricted Subsidiary), (y) any Immaterial Domestic Subsidiary (including BER, BER Holdco, Robota and BESI) that ceases to be an Immaterial Domestic Subsidiary and
(z) any Subsidiary that is designated as a Restricted Subsidiary in accordance with Section 6.19(c), then the Borrower shall, at the Borrower’s expense: 

(i) within 15 days after such formation, acquisition, ceasing to be an Immaterial Domestic Subsidiary or designation as a
Restricted Subsidiary (or such longer period as may be agreed by the Administrative Agent in its sole discretion), cause such Subsidiary, and cause each direct and indirect parent of such Subsidiary (if it has not already done so), to duly execute
and deliver to the Administrative Agent a guaranty or guaranty supplement, in form and substance satisfactory to the Administrative Agent, guaranteeing the other Loan Parties’ obligations under the Loan Documents, 

(ii) within 15 days after such formation, acquisition, ceasing to be an Immaterial Domestic Subsidiary or designation as a
Restricted Subsidiary (or such longer period as may be agreed by the Administrative Agent in its sole discretion), cause such Subsidiary and each direct and indirect parent of such Subsidiary (if it has not already done so) to duly execute and
deliver to the Administrative Agent a Security Agreement Supplement and other security and pledge agreements, as specified by and in form and substance satisfactory to the Administrative Agent (including delivery of other instruments of the type
specified in Section 4.01(a)(iv)), securing payment of all the Obligations of such Subsidiary or such parent, as the case may be, under the Loan Documents and constituting Liens on all such property (other than Excluded
Properties) purported to be subject to such Collateral Document, 
 (iii) within 15 days after such formation, acquisition,
ceasing to be an Immaterial Domestic Subsidiary or designation as a Restricted Subsidiary (or such longer period as may be agreed by the Administrative Agent in its sole discretion), cause such Subsidiary and each direct and indirect parent of such
Subsidiary (if it has not already done so) to take whatever action (including the filing of Uniform Commercial Code financing statements, the giving of notices and the endorsement of notices on title documents) may be necessary or advisable in the
opinion of the Administrative Agent to vest in the Administrative Agent (or in any representative of the Administrative Agent designated by it) valid and subsisting Liens on the properties purported to be subject to the Security Agreement Supplement
and security and pledge agreements delivered pursuant to this Section 6.12, enforceable against all third parties in accordance with their terms, and 

  
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 (iv) within 60 days after such formation, acquisition, ceasing to be an
Immaterial Domestic Subsidiary or designation as a Restricted Subsidiary (or such longer period as may be agreed by the Administrative Agent in its sole discretion), deliver to the Administrative Agent, upon the request of the Administrative Agent
in its sole discretion, a signed copy of a favorable opinion, addressed to the Administrative Agent and the other Secured Parties, of counsel for the Loan Parties reasonably acceptable to the Administrative Agent as to the matters contained in
clauses (i), (ii) and (iii) above, and as to such other matters as the Administrative Agent may reasonably request; 
 provided that, notwithstanding
anything to the contrary in this Section 6.12(a), with respect to the formation or acquisition of a Permitted Water Subsidiary, the requirements of this Section 6.12(a) with respect to such
Permitted Water Subsidiary shall be satisfied substantially concurrently with such formation or acquisition. 
 (b) Upon the acquisition of
any property by any Loan Party of a type that is intended to be Collateral, if such property, in the judgment of the Administrative Agent, shall not already be subject to a perfected security interest in favor of the Administrative Agent for the
benefit of the Secured Parties, then the Borrower shall, at the Borrower’s expense: 
 (i) within 15 days after such
acquisition (or such longer period as may be agreed by the Administrative Agent in its sole discretion), furnish to the Administrative Agent a description of the property so acquired in detail satisfactory to the Administrative Agent, 

(ii) within 15 days after such acquisition (or such longer period as may be agreed by the Administrative Agent in its sole
discretion), (A) cause the applicable Loan Party to duly execute and deliver to the Administrative Agent Security Agreement Supplements and other security and pledge agreements, as specified by and in form and substance satisfactory to the
Administrative Agent, securing payment of all the Obligations of the applicable Loan Party under the Loan Documents and constituting Liens on all such personal properties and (B) cause the applicable Loan Party to take whatever action
(including the filing of Uniform Commercial Code financing statements, the giving of notices and the endorsement of notices on title documents) may be necessary or advisable in the opinion of the Required Lenders to vest in the Administrative Agent
(or in any representative of the Administrative Agent designated by it) valid and subsisting Liens on such property, enforceable against all third parties, and 

(iii) within 60 days after such acquisition (or such longer period as may be agreed by the Administrative Agent in its sole
discretion), deliver to the Administrative Agent, upon the request of the Administrative Agent in its sole discretion, a signed copy of a favorable opinion, addressed to the Administrative Agent and the other Secured Parties, of counsel for the Loan
Parties reasonably acceptable to the Administrative Agent as to the matters contained in clause (ii) above and as to such other matters as the Administrative Agent may reasonably request. 

  
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 (c) At any time upon request of the Administrative Agent, promptly execute and deliver any
and all further instruments and documents and take all such other action as the Administrative Agent may reasonably deem necessary or desirable in obtaining the full benefits of, or (as applicable) in perfecting and preserving the Liens of, such
guaranties, Security Agreement Supplements and other security and pledge agreements. 
 (d) Upon (i) BER, (ii) BER Holdco,
(iii) Robota, (iv) BESI or (v) any other Domestic Subsidiary that is a Restricted Subsidiary becoming a guarantor of the Senior Notes, such Person shall be deemed to be a “Guarantor” for purposes of this Agreement and the
Borrower shall promptly cause such Person to duly execute and deliver to the Administrative Agent a guaranty or guaranty supplement, in form and substance satisfactory to the Administrative Agent, guaranteeing the other Loan Parties’
obligations under the Loan Documents and to deliver such other Loan Documents and take such other actions specified in clause (a) above within the time frames specified therein. 

(e) Notwithstanding the foregoing, if, as of the end of any fiscal quarter, the Immaterial Domestic Subsidiaries collectively
(i) generated more than 5% of Consolidated EBITDA for the Measurement Period most recently ended for which financial statements of the Borrower are available or (ii) own net assets that have an aggregate fair market value equal to or
greater than 5.0% of Consolidated Tangible Assets of the Borrower, then in each case the Borrower shall cause one or more of such Immaterial Domestic Subsidiaries to execute a joinder agreement (or agreements) such that after giving effect thereto,
(A) all such remaining Immaterial Domestic Subsidiaries that are not Guarantors generated less than 5% of Consolidated EBITDA for such Measurement Period and (B) the total net assets owned by all such remaining Immaterial Domestic
Subsidiaries that are not Guarantors will have an aggregate fair market value of less than 5.0% of the Consolidated Tangible Assets of the Borrower. 

6.13 Compliance with Environmental Laws. Comply, and cause all lessees and other Persons operating or occupying its properties
to comply, in all material respects, with all applicable Environmental Laws and Environmental Permits; obtain and renew all Environmental Permits necessary for its operations and properties; and conduct any investigation, study, sampling and
testing, and undertake any cleanup, removal, remedial or other action necessary to remove and clean up all Hazardous Materials from any of its properties, in accordance with the requirements of all Environmental Laws in all material respects;
provided, however, that neither the Borrower nor any of its Restricted Subsidiaries shall be required to undertake any such cleanup, removal, remedial or other action to the extent that its obligation to do so is being contested in good faith and by
proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with GAAP. 
 6.14
Preparation of Environmental Reports. At the request of the Required Lenders during the existence of any Default, provide to the Lenders within 60 days (or such longer period as the Administrative Agent may agree in its sole discretion)
after such request, at the expense of the Borrower, an environmental site assessment report for any of its properties described in such request, prepared by an environmental consulting firm acceptable to the Administrative Agent, indicating the
presence or absence of Hazardous Materials and the estimated cost of any compliance, removal or remedial action in connection with any Hazardous Materials on such properties. Without limiting the generality of the foregoing, if the Administrative
Agent 

  
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determines at any time that a material risk exists that any such report will not be provided within the time referred to above, the Administrative Agent may retain an environmental consulting
firm to prepare such report at the expense of the Borrower, and the Borrower hereby grants and agrees to cause any Restricted Subsidiary that owns any property described in such request to grant at the time of such request to the Administrative
Agent, the Lenders, such firm and any agents or representatives thereof an irrevocable non-exclusive license, subject to the rights of tenants, to enter onto their respective properties to undertake such an
assessment. 
 6.15 Further Assurances. Promptly upon the reasonable request by the Administrative Agent, or any Lender
through the Administrative Agent, (a) correct any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments
as the Administrative Agent, or any Lender through the Administrative Agent, may reasonably require from time to time in order to (i) carry out more effectively the purposes of the Loan Documents, (ii) to the fullest extent permitted by
applicable Law, subject any Loan Party’s or any of its Restricted Subsidiaries’ properties, assets, rights or interests to the Liens now or hereafter intended to be covered by any of the Collateral Documents, (iii) perfect and
maintain the validity, effectiveness and priority of any of the Collateral Documents and any of the Liens intended to be created thereunder and (iv) assure, convey, grant, assign, transfer, preserve, protect and confirm more effectively unto
the Secured Parties the rights granted or now or hereafter intended to be granted to the Secured Parties under any Loan Document or under any other instrument executed in connection with any Loan Document to which any Loan Party or any of its
Restricted Subsidiaries is or is to be a party, and cause each of its Restricted Subsidiaries to do so. 
 6.16 Compliance with
Terms of Leaseholds. Make all payments and otherwise perform all obligations in respect of all leases of real property to which the Borrower or any of its Restricted Subsidiaries is a party, keep such leases in full force and effect and not
allow such leases to lapse or be terminated or any rights to renew such leases to be forfeited or cancelled, notify the Administrative Agent of any default by any party with respect to such leases and cooperate with the Administrative Agent in all
respects to cure any such default, and cause each of its Restricted Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not be reasonably likely to have a Material Adverse Effect.

 6.17 Material Contracts. Perform and observe all the terms and provisions of each Material Contract to be performed or
observed by it, maintain each such Material Contract in full force and effect, enforce each such Material Contract in accordance with its terms, take all such action to such end as may be from time to time requested by the Administrative Agent and,
upon request of the Administrative Agent, make to each other party to each such Material Contract such demands and requests for information and reports or for action as any Loan Party or any of its Restricted Subsidiaries is entitled to make under
such Material Contract, and cause each of its Restricted Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

  
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 6.18 Administration of Deposit Accounts. Schedule 6.18 sets
forth all deposit accounts maintained by the Loan Parties, including all Dominion Accounts. The Loan Parties shall take all actions necessary to establish Administrative Agent’s control of each such deposit account (other than an account
exclusively used for payroll, payroll taxes or employee benefits and one or more deposit accounts established for the benefit of the Senior Notes Trustee containing solely proceeds of collateral for the Senior Notes (and not proceeds of the
Collateral or any Loans) (each, a “Senior Notes Collateral Account”)), except for a deposit account containing not more than $250,000 at any time; provided that such deposit accounts over which Administrative Agent does not
have control shall not contain more than $2,000,000 in the aggregate as of any date. The applicable Loan Party shall be the sole account holder of each deposit account and shall not allow any other Person (other than Administrative Agent or, solely
in respect of any Senior Notes Collateral Account, the Senior Notes Trustee) to have control over a deposit account or any property deposited therein. The Borrower shall promptly notify the Administrative Agent of any opening or closing of a deposit
account by any Loan Party and, with the consent of Administrative Agent, will amend Schedule 6.18 to reflect same. 
 6.19
Designation and Conversion of Restricted and Unrestricted Subsidiaries; Covenants With Respect to Unrestricted Subsidiaries. 

(a) Unless designated as an Unrestricted Subsidiary in accordance with Section 6.19(b), any Person that becomes a
Subsidiary of the Borrower or any of its Restricted Subsidiaries shall be classified as a Restricted Subsidiary. 
 (b) The Borrower may
designate, by written notification thereof to the Administrative Agent, any Restricted Subsidiary, including a newly formed or newly acquired Subsidiary, as an Unrestricted Subsidiary if (i) prior, and immediately after giving effect, to such
designation (including after giving effect to the reclassification of any Investments in, Indebtedness of, and/or Liens on the assets of, such Subsidiary), no Default or Event of Default exists, (ii) such designation is deemed to be an
Investment in an Unrestricted Subsidiary in an amount equal to the fair market value as of the date of such designation of the Borrower’s direct and indirect ownership interest in such Subsidiary and such Investment would be permitted to be
made at the time of such designation under Section 7.03, (iii) immediately after giving effect to such designation, the Total Outstandings shall not exceed the lesser of (x) the aggregate Commitments of the
Lenders and (y) the Borrowing Base (after giving effect to the removal from the Borrowing Base of any of such Restricted Subsidiary’s Accounts which were included in the Borrowing Base immediately prior to such designation), and
(iv) such Subsidiary is not a “restricted subsidiary” or guarantor with respect to the Senior Notes Documents nor a Permitted Water Subsidiary. Except as provided in this Section 6.19(b), no Restricted
Subsidiary may be designated or redesignated as an Unrestricted Subsidiary. 
 (c) The Borrower may designate any Unrestricted Subsidiary to
be a Restricted Subsidiary if after giving effect to such designation, (i) the representations and warranties of the Loan Parties and such Restricted Subsidiary contained in each of the Loan Documents with respect to such Restricted Subsidiary
are true and correct in all material respects on and as of such date as if made on and as of the date of such redesignation (or, if stated to have been made expressly as of an earlier date, were true and correct as of such date), (ii) no
Default would be caused by such designation, and (iii) the applicable Loan Party and such Restricted Subsidiary each comply with the applicable requirements under Section 6.12, at which time such Subsidiary shall cease
to be an “Unrestricted Subsidiary” and shall become a “Restricted Subsidiary” for purposes of this Agreement and the other Loan Documents without any amendment, modification or other

  
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supplement to any of the foregoing. Any such designation shall be treated as a recovery of the applicable Loan Party’s Investment in such Unrestricted Subsidiary in an amount equal to the
lesser of the fair market value at such time of the applicable Loan Party’s direct and indirect ownership interest in such Subsidiary or the amount of the applicable Loan Party’s Investment previously made in (and not previously recovered
from) such Unrestricted Subsidiary. 
 (d) The Loan Parties: 

(i) will cause the management, business and affairs of the Borrower and its Restricted Subsidiaries to be conducted in such a
manner (including, without limitation, by keeping separate books of account, furnishing separate balance sheets and income statements of Unrestricted Subsidiaries to creditors and potential creditors thereof (to the extent required hereunder) and by
not permitting assets of Unrestricted Subsidiaries to be commingled with those of the Loan Parties) so that each Unrestricted Subsidiary will be treated as an entity separate and distinct from the Borrower and its Restricted Subsidiaries; 

(ii) will cause each Unrestricted Subsidiary to refrain from maintaining its assets in such a manner that would make it costly
or difficult to segregate, ascertain or identify as its individual assets from those of any other Loan Party; 
 (iii) will
not, and will not permit any other Loan Party to, incur, assume, guarantee or be or become liable for any Indebtedness of any of the Unrestricted Subsidiaries except to the extent permitted by this Agreement; and 

(iv) the Loan Parties will not permit any Unrestricted Subsidiary to hold any Equity Interest in, or any Indebtedness of, any
Loan Party or any Restricted Subsidiary. 
 ARTICLE VII 

NEGATIVE COVENANTS 
 So long as any Lender
shall have any Commitment hereunder, any Loan or other Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Borrower shall not, nor shall it permit any Restricted Subsidiary to, directly or
indirectly: 
 7.01 Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues,
whether now owned or hereafter acquired, or sign or file or suffer to exist under the Uniform Commercial Code of any jurisdiction a financing statement that names the Borrower or any of its Restricted Subsidiaries as debtor, or assign any accounts
or other right to receive income, other than the following: 
 (a) Liens pursuant to any Loan Document; 

(b) Liens existing on the date hereof and listed on Schedule 7.01 and any renewals or extensions thereof, provided that
(i) the property covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased except as contemplated by Section 7.02(d), (iii) the direct or any contingent obligor with respect
thereto is not changed, and (iv) any renewal or extension of the obligations secured or benefited thereby is permitted by Section 7.02(d); 

  
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 (c) Liens for Taxes not yet due or which are being contested in good faith and by
appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 

(d) carriers’, landlord’s, warehousemen’s, mechanics’, materialmen’s, repairmen’s, laborer’s, or other like
Liens arising in the ordinary course of business which do not secure Indebtedness for borrowed money and which are not overdue for a period of more than 30 days or which are being contested in good faith and by appropriate proceedings diligently
conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person; 
 (e) pledges or deposits in the
ordinary course of business in connection with workers’ compensation, self-insurance obligations, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA; 

(f) deposits to secure the performance of bids, trade contracts and leases (other than Indebtedness), statutory obligations, surety and appeal
bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 
 (g) easements, rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial in amount, and which do not in any case
materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; 

(h) Liens securing judgments for the payment of money not constituting an Event of Default under Section 8.01(h);

 (i) Liens securing Indebtedness permitted under Section 7.02(f), including such Liens outstanding on the date
hereof; provided that (i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness and (ii) the Indebtedness secured thereby does not exceed the cost or fair market value, whichever
is lower, of the property being acquired on the date of acquisition; 
 (j) Leases with respect to the assets or properties of any of the
Borrower or any Restricted Subsidiary, in each case entered into in the ordinary course of such Person’s business so long as such leases do not apply to Collateral or are subordinate in all respects to the Liens granted and evidenced by the
Collateral Documents and do not, individually or in the aggregate, (i) interfere in any material respect with the ordinary conduct of the business of the Borrower or any Restricted Subsidiary or (ii) materially impair the use (for its
intended purposes) or the value of the property subject thereto; 
 (k) Liens arising out of conditional sale, title retention, consignment
or similar arrangements for the sale of goods entered into by the Borrower or any Restricted Subsidiary in the ordinary course of business in accordance with the past practices of such Person; 

(l) Liens on property of the Borrower and the Guarantors not constituting Collateral securing Indebtedness permitted under
Section 7.02(g); 

  
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 (m) Liens on property of a Person not constituting Collateral existing at the time such
Person is acquired or merged into or consolidated with the Borrower or any Guarantor or becomes a Restricted Subsidiary of the Borrower; provided that such Liens were not created in contemplation of such merger, consolidation or Investment
and do not extend to any assets other than those of the Person merged into or consolidated with the Borrower or such Guarantor or acquired by the Borrower or such Guarantor, and the applicable Indebtedness secured by such Lien is permitted under
Section 7.02(j); 
 (n) rights of setoff or bankers’ liens upon deposits of funds in favor of banks or other
depository institutions, solely to the extent incurred in connection with the maintenance of such deposit accounts in the ordinary course of business; 

(o) Liens solely on any cash earnest money deposits made by a Loan Party in connection with any letter of intent or purchase agreement with
respect to a Permitted Acquisition; and 
 (p) other Liens securing Indebtedness outstanding in an aggregate principal amount not to exceed
$2,000,000, provided that no such Liens shall extend to or cover any Collateral. 
 7.02 Indebtedness. Create, incur,
assume or suffer to exist any Indebtedness, except: 
 (a) obligations (contingent or otherwise) existing or arising under any interest rate
Swap Contract, provided that (i) such obligations are (or were) entered into by such Person to hedge against (including cap, collar, or exchange) interest rates or foreign exchange rates, which are incurred in the ordinary course of
business and not for speculative purposes and (ii) such Swap Contract does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions
to the defaulting party; 
 (b) Indebtedness among the Borrower and its wholly owned Restricted Subsidiaries, which Indebtedness shall
(i) be on terms (including subordination terms) acceptable to the Administrative Agent and (ii) be otherwise permitted under the provisions of Section 7.03; 

(c) Indebtedness under the Loan Documents; 

(d) Indebtedness outstanding on the date hereof and listed on Schedule 7.02 and any refinancings, renewals or extensions, in whole or
in part, of the foregoing; provided that (i) the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal, or extension except by an amount equal to a reasonable premium or other reasonable amount
paid, and fees and expenses reasonably incurred, in connection with such refinancing, refunding, renewal, or extension, (ii) the stated maturity date of such refinancing, refunding, renewing or extending Indebtedness is no earlier than six
months after the Maturity Date, and (iii) the refinanced debt is retired in full on the issuance date of the refinancing debt; 
 (e)
Guarantees of the Borrower or any Restricted Subsidiary in respect of Indebtedness otherwise permitted hereunder of the Borrower or any Guarantor; 

  
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 (f) Indebtedness in respect of Capitalized Leases, Synthetic Lease Obligations and purchase
money obligations for fixed or capital assets within the limitations set forth in Section 7.01(i); provided, however, that the aggregate amount of all such Indebtedness at any one time outstanding (including
any such Indebtedness outstanding on the date hereof) shall not exceed the greater of (i) $90,000,000 and (ii) 15% of Consolidated Tangible Assets of the Borrower and its Restricted Subsidiaries as of the end of the fiscal quarter most recently
ended; 
 (g) (i) the Senior Notes in an aggregate principal amount not to exceed $300,000,000 issued by the Borrower, and (ii) any
refinancings, refundings, renewals or extensions thereof, provided with respect to this clause (ii) that (A) the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal, or extension except by an
amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing, refunding, renewal, or extension, (B) immediately prior to and after giving effect to the
issuance of such Indebtedness, there would be no Default under this Agreement, (C) such Indebtedness’ scheduled maturity is no earlier than ninety-one (91) days after the Maturity Date,
(D) such Indebtedness does not require any scheduled repayments, defeasance or redemption (or sinking fund therefor) of any principal amount thereof prior to maturity; provided that, for the avoidance of doubt, this clause
(D) shall not prohibit customary high yield indenture provisions requiring offers to repurchase in connection with asset sales (such offer not exceeding 100% of the outstanding principal balance of such Indebtedness) or any change of control
(such offer not exceeding 101% of the outstanding principal balance of such Indebtedness) and provisions regarding prepayment from the net cash proceeds of certain debt issuances, casualty events, extraordinary receipts, tax receipts and equity
issuances, in each case, only to the extent not required to be applied first to the Obligations pursuant to the terms of the Loan Documents, (E) no indenture or other agreement governing such Indebtedness contains (1) maintenance financial
covenants or (2) covenants or events of default that are more restrictive in any material respect on the Borrower or any of its Restricted Subsidiaries than then applicable market terms and conditions for comparable issuers and issuances, and
(F) if secured, such Indebtedness shall not be secured by any of the Collateral and the administrative agent or trustee therefor shall have entered into a Collateral Rights Agreement with the Administrative Agent in form and substance
satisfactory to it. 
 (h) Indebtedness in respect of workers’ compensation claims, self-insurance obligations, performance bonds,
surety appeal or similar bonds and completion guarantees provided by the Borrower or a Restricted Subsidiary in the ordinary course of its business; 

(i) Indebtedness in respect of (i) self-insurance obligations or completion, bid, performance, appeal or surety bonds issued for the
account of the Borrower or any wholly-owned Restricted Subsidiary in the ordinary course of business, including guarantees or obligations of the Borrower or any wholly-owned Restricted Subsidiary with respect to letters of credit supporting such
self-insurance, completion, bid, performance, appeal or surety obligations (in each case other than for an obligation for money borrowed) or (ii) obligations represented by letters of credit for the account of the Borrower or any wholly-owned
Restricted Subsidiary, as the case may be, in order to provide security for workers’ compensation claims; 
 (j) indemnification,
adjustment of purchase price, earn-out or similar obligations (including without limitation any Earn Out Obligations), in each case, incurred or assumed in connection with any Permitted Acquisition or
disposition of any business or assets of the Borrower or any wholly-owned Restricted Subsidiary or Equity Interests of a wholly-owned Restricted 

  
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Subsidiary, other than guarantees of Indebtedness incurred by any person acquiring all or any portion of such business, assets or Equity Interests for the purpose of financing or in contemplation
of any such Permitted Acquisition; provided that (i) any amount of such obligations included on the face of the balance sheet of the Borrower or any wholly-owned Restricted Subsidiary shall not be permitted under this clause
(j) unless such obligation arises with respect to a Permitted Acquisition approved by all Lenders and (ii) in the case of a disposition, the maximum aggregate liability in respect of all such obligations outstanding under this
clause (j) shall at no time exceed the gross proceeds actually received by the Borrower and the wholly-owned Restricted Subsidiaries in connection with such disposition; 

(k) Indebtedness of any Person that becomes a Restricted Subsidiary of the Borrower as a result of a Permitted Acquisition in an aggregate
principal amount not to exceed $15,000,000 at any time outstanding; provided that such Indebtedness is existing at the time such Person becomes a Restricted Subsidiary of the Borrower and was not incurred solely in contemplation of such
Person’s becoming a Restricted Subsidiary of the Borrower; 
 (l) endorsements of negotiable instruments for collection in the ordinary
course of business; and 
 (m) unsecured Indebtedness not otherwise permitted under this Section 7.02 in an
aggregate principal amount not to exceed $5,000,000 at any time outstanding. 
 7.03 Investments. Make or hold any
Investments, except: 
 (a) Investments held by the Borrower and its Restricted Subsidiaries in the form of Cash Equivalents; 

(b) advances to officers, directors and employees of the Borrower and its Restricted Subsidiaries in an aggregate amount not to exceed
$250,000 at any time outstanding, for travel, entertainment, relocation and analogous ordinary business purposes; 
 (c) (i) Investments by
the Borrower and its Restricted Subsidiaries in their respective Restricted Subsidiaries outstanding on the date hereof, (ii) additional Investments by the Borrower and its Restricted Subsidiaries in Loan Parties, including, for the avoidance
of doubt, Investments in Permitted Water Subsidiaries so long as such Permitted Water Subsidiary is a Guarantor at the time of such Investment, (iii) additional Investments by Restricted Subsidiaries of the Borrower that are not Loan Parties in
other Restricted Subsidiaries that are not Loan Parties and (iv) so long as no Default has occurred and is continuing or would result from such Investment, additional Investments by the Loan Parties in wholly-owned Restricted Subsidiaries that
are not Loan Parties in an aggregate amount invested from the date hereof not to exceed $1,000,000; 
 (d) Investments consisting of
extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially
troubled account debtors to the extent reasonably necessary in order to prevent or limit loss; 
 (e) Guarantees permitted by
Section 7.02; 

  
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 (f) Investments existing on the date hereof (other than those referred to in
Section 7.03(c)(i)) and identified on Schedule 7.03 or otherwise set forth on Schedule 7.03; 
 (g)
the Borrower and the Guarantors may (by purchase or merger) consummate Permitted Acquisitions; provided that, in the case of a merger or consolidation, the Borrower or a Guarantor, as applicable, is the surviving entity; 

(h) the Borrower may make loans to senior management of Borrower and the Guarantors for purposes of purchasing the capital stock of Borrower
in an aggregate principal amount not to exceed $250,000 at any one time outstanding; 
 (i) scheduled payments of Earn Out Obligations;
provided that the Payment Conditions with respect to Acquisitions are satisfied before and after giving effect to such payment; and 

(j) other Investments not exceeding (i) $2,500,000 in the aggregate in any fiscal year of the Borrower and (ii) $5,000,000 in the aggregate
following the Closing Date. 
 7.04 Fundamental Changes. Merge, dissolve, liquidate, consolidate with or into another Person,
or Dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that, so long as no Default exists or would result
therefrom: 
 (a) (i) the Borrower may merge with one or more of its Restricted Subsidiaries, provided that the Borrower shall be
the continuing or surviving Person, and (ii) any of its Restricted Subsidiaries may merge with any of its other Restricted Subsidiaries provided that if any of such Restricted Subsidiaries is a Guarantor, a Guarantor shall be the
surviving Person; 
 (b) any Guarantor may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise) to
the Borrower or to another Guarantor; 
 (c) any Restricted Subsidiary that is not a Guarantor may dispose of all or substantially all its
assets (including any Disposition that is in the nature of a liquidation) (i) to the Borrower or another Restricted Subsidiary that is not a Loan Party or (ii) to a Loan Party; and 

(d) the Borrower or any Guarantor may merge or consolidate with any Person in accordance with Section 7.03(g). 

7.05 Dispositions. Make any Disposition or enter into any agreement to make any Disposition, except: 

(a) Dispositions of (i) obsolete or worn out property and (ii) equipment that is no longer useful in the ordinary course of
business, in each case, whether now owned or hereafter acquired; 
 (b) Dispositions of inventory in the ordinary course of business; 

(c) Dispositions of property by any Restricted Subsidiary to the Borrower, to any wholly-owned Restricted Subsidiary or to any Permitted Water
Subsidiary; provided that if the transferor of such property is a Guarantor, the transferee thereof must either be the Borrower or a Guarantor; 

  
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 (d) Dispositions permitted by Section 7.04; 

(e) Dispositions by the Borrower and its Restricted Subsidiaries not otherwise permitted under this Section 7.05;
provided that (i) at the time of such Disposition, no Default shall exist or would result from such Disposition, (ii) the aggregate book value of all property Disposed of in reliance on this clause (f) in any fiscal year shall
not exceed $25,000,000 (or such greater amount as may be approved by the Administrative Agent in its Permitted Discretion), (iii) the assets subject to such Disposition do not constitute Collateral, and (iv) at least 75% of the purchase price
for such asset shall be paid to the Borrower or such Restricted Subsidiary in cash; and 
 (f) sales or
non-exclusive grants of licenses or sublicenses to use the patents, trade secrets, know-how and other intellectual property, and licenses, leases or subleases of other
assets, of the Borrower or any wholly-owned Restricted Subsidiary to the extent not materially interfering with the business of the Borrower or any Restricted Subsidiary. 

provided, however, that any Disposition pursuant to Section 7.05(a) through Section 7.05(f)
(other than Dispositions to a Loan Party) shall be for fair market value. 
 7.06 Restricted Payments. Declare or make,
directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that: 
 (a) each
Restricted Subsidiary (other than a Permitted Water Subsidiary) may make Restricted Payments to the Borrower, any Restricted Subsidiaries of the Borrower that are Guarantors and any other Person that owns a direct Equity Interest in such Restricted
Subsidiary, ratably according to their respective holdings of the type of Equity Interest in respect of which such Restricted Payment is being made; 

(b) the Borrower and each Restricted Subsidiary may declare and make dividend payments or other distributions payable solely in the common
stock or other common Equity Interests of such Person; 
 (c) the Borrower and each Restricted Subsidiary may purchase, redeem or otherwise
acquire its common Equity Interests with the proceeds received from the substantially concurrent issue of new common Equity Interests; 

(d) so long as the applicable Payment Conditions are satisfied before and after giving effect thereto, the Borrower or any Permitted Water
Subsidiary may (i) declare or pay cash dividends to its stockholders or equity holders and (ii) purchase, redeem or otherwise acquire for cash Equity Interests issued by it; 

(e) so long as no Default shall have occurred and be continuing at the time of any such action or would result therefrom, the redemption,
repurchase or other acquisition or retirement for value of Equity Interests of the Borrower held by officers, directors or employees or former officers, directors or employees (or their transferees, estates or beneficiaries under their estates),
either (i) upon any such individual’s death, disability, retirement, severance or termination of 

  
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employment or service or (ii) pursuant to any equity subscription agreement, stock option agreement, stockholders’ agreement or similar agreement; provided, in any case, that the
aggregate cash consideration paid for all such redemptions, repurchases or other acquisitions or retirements shall not exceed $2,000,000 during any calendar year (with unused amounts in any calendar year being carried forward to the next succeeding
calendar year); 
 (f) so long as no Default shall have occurred and be continuing at the time of any such action or would result therefrom,
(i) repurchases, redemptions or other acquisitions or retirements for value of Equity Interests deemed to occur upon the exercise of stock options, warrants, rights to acquire Equity Interests or other convertible securities to the extent such
Equity Interests represent a portion of the exercise or exchange price thereof and (ii) any repurchases, redemptions or other acquisitions or retirements for value of Equity Interests made in lieu of withholding Taxes in connection with any
exercise or exchange of stock options, warrants or other similar rights; 
 (g) the payment of cash in lieu of fractional Equity Interests;
and 
 (h) so long as no Default shall have occurred and be continuing at the time of any such action or would result therefrom, payments or
distributions to dissenting stockholders pursuant to applicable Law in connection with a merger, consolidation or transfer of assets that complies with the provisions of Section 7.04. 

7.07 Change in Nature of Business. Engage in any material line of business substantially different from those lines of business
conducted by the Borrower and its Restricted Subsidiaries on the Closing Date, any other business or businesses in the oilfield services industry and other businesses reasonably related or ancillary thereto. 

7.08 Transactions with Affiliates. Enter into any transaction of any kind with any Affiliate of the Borrower, whether or not in
the ordinary course of business, other than on fair and reasonable terms substantially as favorable to the Borrower or such Restricted Subsidiary as would be obtainable by the Borrower or such Restricted Subsidiary at the time in a comparable
arm’s length transaction with a Person other than an Affiliate; provided that the foregoing restriction shall not apply to (a) transactions solely between or among the Loan Parties, (b) compensation to, and the terms of any
employment contracts with, individuals who are officers, managers or directors of the Loan Parties in the ordinary course of business, provided that, to the extent such approval is required, such compensation is approved by such Loan Party’s
board of directors (or equivalent governing body), (c) any issuances of securities or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment agreements, stock options and stock ownership plans in
each case, as permitted by this Agreement or (d) Restricted Payments permitted pursuant to Section 7.06. 

7.09 Burdensome Agreements. Enter into or permit to exist any Contractual Obligation (other than this Agreement, any other Loan
Document or any Senior Notes Document) that (a) limits the ability (i) of any Restricted Subsidiary to make Restricted Payments to the Borrower or any Guarantor or to otherwise transfer property to or invest in the Borrower or any
Guarantor, except for any agreement in effect (A) on the date hereof and set forth on Schedule 7.09 or (B) at the time any Person becomes a Restricted Subsidiary of the Borrower, so long as such agreement was not entered into solely
in contemplation of such Person becoming a Restricted 

  
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Subsidiary of the Borrower, (ii) of any Restricted Subsidiary to Guarantee the Obligations or (iii) of the Borrower or any Restricted Subsidiary to create, incur, assume or suffer to
exist Liens on its property to secure the Obligations; provided, however, that (x) this clause (iii) shall not prohibit any negative pledge incurred or provided in favor of any holder of Indebtedness permitted under
Section 7.02(f) solely to the extent any such negative pledge relates to the property financed by or the subject of such Indebtedness or customary restrictions on assignment, encumbrances or subletting in leases and other
contracts and (y) this clause (iii) and the preceding clause (i) shall not prohibit customary restrictions and conditions contained in agreements relating to the sale of a Loan Party or an asset pending such sale, provided that such
restrictions and conditions apply only to such Loan Party or such asset that is to be sold and such sale is permitted under this Agreement; or (b) requires the grant of a Lien to secure an obligation of such Person if a Lien is granted to
secure the Obligations. 
 7.10 Use of Proceeds. Use the proceeds of any Credit Extension, whether directly or indirectly, and
whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness
originally incurred for such purpose. 
 7.11 Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge
Coverage Ratio as of the end of any Measurement Period to be less than 1.00 to 1.00 while a Financial Covenant Trigger Period is in effect, commencing with the most recent Measurement Period for which financial statements were, or were required to
be, delivered hereunder prior to the commencement of the Financial Covenant Trigger Period. 
 7.12 Amendments of Organization
Documents. Amend any of its Organization Documents in a manner which could materially and adversely affect the interests of the Administrative Agent or the Lenders. 

7.13 Accounting Changes. Make any change in (a) its accounting policies or reporting practices, except as required by GAAP,
or (b) its fiscal year. 
 7.14 Prepayments, Etc. of Indebtedness. Prepay, redeem, purchase, defease or otherwise satisfy
prior to the scheduled maturity thereof in any manner, or make any payment in violation of any subordination terms of, any Indebtedness, except (a) the prepayment of the Credit Extensions in accordance with the terms of this Agreement,
(b) regularly scheduled payments of principal of Indebtedness set forth on Schedule 7.02, (c) mandatory prepayments or redemptions of the Senior Notes as required under the Senior Notes Indenture as in effect on the date hereof,
(d) refinancings, refundings, extensions or renewals of Indebtedness to the extent such refinancing, refunding, extension or renewal is permitted by Sections 7.02(d) or 7.02(g)(ii), as applicable, (e) the conversion to or
exchange for Equity Interests of convertible or exchangeable debt securities, and customary payments in cash in lieu of fractional shares in connection therewith, and (f) other prepayments or redemptions with respect to Indebtedness not
otherwise permitted pursuant to this Section 7.14; provided that, in the case of this clause (f), the applicable Payment Conditions are satisfied before and after giving effect thereto. 

  
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 7.15 Amendment, Etc. of Indebtedness. 

(a) Amend, modify or change in any manner any term or condition of the Senior Notes or the Senior Notes Documents or any Indebtedness set
forth on Schedule 7.02, except for (i) any refinancing, refunding, renewal or extension thereof permitted by Sections 7.02(d) or 7.02(g)(ii), as applicable, (ii) with respect to the Senior Notes and the Senior Notes
Documents, (A) any amendments or modifications made to (1) cure any ambiguity, defect or inconsistency, or (2) evidence or provide for the acceptance of appointment by a successor trustee or effect any similar immaterial
administrative modifications, or (B) any other amendment, modification or change thereto, provided that (x) the terms of such amendment, modification or change satisfy the requirements of the proviso of
Section 7.02(g)(ii) and (y) such amendment, modification or change could not materially and adversely affect the interests of the Administrative Agent or the Lenders under the Loan Documents. 

(b) Fail to maintain the Loan Parties’ ability to incur the full amount of the Aggregate Commitments and Obligations as “Permitted
Debt” under the Senior Notes Indenture with an additional ten percent (10%) available thereunder for increases in the Aggregate Commitments (and the ability to incur Liens securing the same). 

7.16 Sanctions. Directly or indirectly, use any Credit Extension or the proceeds of any Credit Extension, or lend, contribute or
otherwise make available such Credit Extension or the proceeds of any Credit Extension to any Person, to fund any activities of or business with any Person, or in any Designated Jurisdiction, that, at the time of such funding, is the subject of
Sanctions, or in any other manner that will result in a violation by any Person (including any Person participating in the transaction, whether as Lender, Arranger, Administrative Agent, L/C Issuer, Swing Line Lender, or otherwise) of Sanctions.

 ARTICLE VIII 

EVENTS OF DEFAULT AND REMEDIES 

8.01 Events of Default. Any of the following shall constitute an Event of Default: 

(a) Non-Payment. The Borrower or any other Loan Party fails to (i) pay when and as required
to be paid herein, any amount of principal of any Loan or any L/C Obligation or deposit any funds as Cash Collateral in respect of L/C Obligations, or (ii) pay within three days after the same becomes due, any interest on any Loan or on any L/C
Obligation, or any fee due hereunder, or (iii) pay within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or 

(b) Specific Covenants. (i) The Borrower fails to perform or observe any term, covenant or agreement contained in any of
Section 6.01, 6.02(a), 6.02(b), 6.03(a), 6.03(b), 6.05, 6.07, 6.10, 6.11, 6.12, 6.14, 6.19 or Article VII or (ii) the Borrower fails
to perform or observe any term, covenant or agreement contained in Section 6.02 (other than Section 6.02(a) and 6.02(b)) or Section 6.03 (other than
Section 6.03(a) and 6.03(b)) and such failure continues for 5 days; or 
 (c) Other Defaults. Any
Loan Party fails to perform or observe any other covenant or agreement (not specified in Section 8.01(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure
continues for 30 days; or 

  
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 (d) Representations and Warranties. Any representation, warranty, certification or
statement of fact made or deemed made by or on behalf of the Borrower or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading in any material
respect when made or deemed made; or 
 (e) Cross-Default. (i) Any Loan Party or any Restricted Subsidiary thereof
(A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap
Contracts) having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than $15,000,000 (including the Senior
Notes), or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness (other than secured Indebtedness that becomes due as a result of the voluntary sale or transfer, casualty or condemnation of the
assets securing such Indebtedness) or Guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event under this clause (B) is to cause, or to
permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such
Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such
Guarantee to become payable or cash collateral in respect thereof to be demanded; or (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such
Swap Contract as to which a Loan Party or any Subsidiary thereof is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which a Loan Party or any Subsidiary thereof
is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by such Loan Party or such Subsidiary as a result thereof is greater than $15,000,000; or 

(f) Insolvency Proceedings, Etc. Any Loan Party or any Restricted Subsidiary thereof institutes or consents to the institution of any
proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for
all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or
unstayed for 60 calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for 60
calendar days, or an order for relief is entered in any such proceeding; or 
 (g) Inability to Pay Debts; Attachment. (i) Any
Loan Party or any Restricted Subsidiary thereof becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or
levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or 

  
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 (h) Judgments. There is entered against any Loan Party or any Restricted Subsidiary
thereof (i) one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments and orders) exceeding $5,000,000 (to the extent not covered by independent third-party insurance as to which the insurer
is rated at least “A” by A.M. Best Company, has been notified of the potential claim and does not dispute coverage), or (ii) any one or more non-monetary final judgments that have, or
could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of 10
consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or 

(i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably
be expected to result in a Material Adverse Effect or the imposition of a Lien on the assets of a Loan Party, or (ii) the Borrower or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any
installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan and such failure to pay has resulted or could reasonably be expected to result in a Material Adverse Effect or the imposition of
a Lien on the assets of a Loan Party; or 
 (j) Invalidity of Loan Documents. Any provision of any Loan Document, at any time after
its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or any other Person contests in any
manner the validity or enforceability of any provision of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any provision of any Loan Document, or purports to revoke, terminate or rescind any
provision of any Loan Document; or 
 (k) Change of Control. There occurs any Change of Control; or 

(l) Collateral Documents. Any Collateral Document after delivery thereof pursuant to Section 4.01 or
6.12 shall for any reason (other than pursuant to the terms thereof) cease to create a valid and perfected first priority Lien (subject to Liens permitted by Section 7.01) on Collateral consisting of Accounts of the
type included in the Borrowing Base or other Collateral having an aggregate fair market value in excess of $5,000,000 that is purported to be covered thereby unless such occurrence results solely from action of the Administrative Agent or any Lender
and involves no Default by the Borrower or any Guarantor hereunder or under any Collateral Document. 
 8.02 Remedies upon Event
of Default. If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions: 

(a) declare the commitment of each Lender to make Loans and any obligation of each L/C Issuer to make L/C Credit Extensions to be terminated,
whereupon such commitments and obligation shall be terminated; 
 (b) declare the unpaid principal amount of all outstanding Loans, all
interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby
expressly waived by the Borrower; 

  
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 (c) require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to
the then Outstanding Amount thereof); and 
 (d) exercise on behalf of itself, the Lenders and the L/C Issuers all rights and remedies
available to it, the Lenders and the L/C Issuers under the Loan Documents or applicable Law or equity; 
 provided, however, that upon the
occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans and any obligation of each L/C Issuer to make L/C Credit
Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the
L/C Obligations as aforesaid shall automatically become effective, in each case without further act of the Administrative Agent or any Lender. 

8.03 Application of Funds. After the exercise of remedies provided for in Section 8.02 (or after the
Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of
the Obligations shall, subject to the provisions of Sections 2.15 and 2.16, be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges
and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such and to the payment of Protective Advances; 

Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest
and Letter of Credit Fees) payable to the Lenders and the L/C Issuers (including fees, charges and disbursements of counsel to the respective Lenders and L/C Issuers arising under the Loan Documents and amounts payable under Article III),
ratably among them in proportion to the respective amounts described in this clause Second payable to them; 
 Third, to
payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations arising under the Loan Documents, ratably among the Lenders and the L/C Issuers in
proportion to the respective amounts described in this clause Third payable to them; 
 Fourth, to payment of that portion of
the Obligations constituting unpaid principal of the Loans, L/C Borrowings and Secured Bank Product Obligations up to the amount of the Bank Product Reserve existing therefor and to the Administrative Agent, for the account of the applicable L/C
Issuer, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit to the extent not otherwise Cash Collateralized by the Borrower pursuant to Sections 2.03 and
2.15, in each case, ratably among the Administrative Agent, the Lenders, the L/C Issuers, the Hedge Banks and the Cash Management Banks in proportion to the respective amounts described in this clause Fourth held by them; 

  
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 Fifth, to payment of all other Obligations ratably among the Secured Parties; and

 Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise
required by Law. 
 Subject to Section 2.03(c) and 2.15, amounts used to Cash Collateralize the aggregate undrawn amount of
Letters of Credit pursuant to clause Fourth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or
expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. Excluded Swap Obligations with respect to any Guarantor shall not be paid with amounts received from such Guarantor or its assets, but
appropriate adjustments shall be made with respect to payments from other Loan Parties to preserve the allocation to Obligations otherwise set forth above in this Section. 

Notwithstanding the foregoing, Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements shall be excluded from the
application described above if the Administrative Agent has not received a Secured Party Designation Notice, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank,
as the case may be. Each Cash Management Bank or Hedge Bank not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the
Administrative Agent pursuant to the terms of Article IX hereof for itself and its Affiliates as if a “Lender” party hereto. 

ARTICLE IX 

ADMINISTRATIVE AGENT 

9.01 Appointment and Authority. (a) Each Secured Party hereby irrevocably appoints, designates and authorizes Bank of
America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent
by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the L/C Issuers, and the Borrower
shall not have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the
Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect
only an administrative relationship between contracting parties. 
 (b) The Administrative Agent shall also act as the “collateral
agent” under the Loan Documents, and each of the Lenders (including in its capacities as a potential Hedge Bank and a potential Cash Management Bank) and each of the L/C Issuers hereby irrevocably appoints and authorizes the Administrative
Agent to act as the agent of such Lender and such L/C Issuer for 

  
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purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are
reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the Collateral (or
any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this Article IX and
Article X (including Section 10.04(c), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto. 

9.02 Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its
capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise
requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory
capacity for and generally engage in any kind of banking, trust, financial, advisory, underwriting or other business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and
without any duty to account therefor to the Lenders or to provide notice to or consent of the Lenders with respect thereto. 
 9.03
Exculpatory Provisions. The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting
the generality of the foregoing, each of the Administrative Agent and its Related Parties: 
 (a) shall not be subject to any fiduciary or
other implied duties, regardless of whether a Default has occurred and is continuing; 
 (b) shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the
Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its
opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under
any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 

(c) shall not, except as expressly set forth herein and in the other Loan Documents, have any duty or responsibility to disclose, and shall
not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 

  
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 (d) Neither the Administrative Agent nor any of its Related Parties shall be liable for any
action taken or not taken by the Administrative Agent under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby or thereby (i) with the consent or at the request of the Required Lenders (or
such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.01 and 8.02) or (ii) in the
absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice
describing such Default is given in writing to the Administrative Agent by the Borrower, a Lender or an L/C Issuer. 
 (e) Neither the
Administrative Agent nor any of its Related Parties have any duty or obligation to any Lender or participant or any other Person to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this
Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants,
agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument
or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in Article
IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

9.04 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall be fully protected in
relying upon and shall not incur any liability for relying upon, any notice, request, certificate, communication, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or
other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have
been made by the proper Person, and shall be fully protected in relying and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or
increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or such L/C Issuer unless the
Administrative Agent shall have received notice to the contrary from such Lender or such L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be
counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. For purposes of
determining compliance with the conditions specified in Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other
matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objections. 

  
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 9.05 Delegation of Duties. The Administrative Agent may perform any and all of
its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of
the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the
extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such
sub-agents. 
 9.06 Resignation of Administrative Agent. 

(a) Notice. The Administrative Agent may at any time give notice of its resignation to the Lenders, the L/C Issuers and the Borrower.
Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an
office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation (or
such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to) on behalf of the Lenders and the L/C Issuers, appoint a
successor Administrative Agent meeting the qualifications set forth above. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date. 

(b) Defaulting Lender. If the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the
definition thereof, the Required Lenders may, to the extent permitted by applicable Law, by notice in writing to the Borrower and such Person remove such Person as Administrative Agent and, in consultation with the Borrower, appoint a successor. If
no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days after the Required Lenders give notice of removal (or such earlier day as shall be agreed by the Required
Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

(c) Effect of Resignation or Removal. With effect from the Resignation Effective Date or the Removal Effective Date (as applicable),
(i) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of
the Lenders or the L/C Issuers under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (ii) except for
any indemnity payments or other amounts then owed to the retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be

  
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made by or to each Lender and each L/C Issuer directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance of a
successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent (other than as provided in
Section 3.01(h) and other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and
the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section). The fees payable by the
Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Administrative Agent’s resignation or removal
hereunder and under the other Loan Documents, the provisions of this Article and Section 10.04 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its
sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was acting as Administrative Agent. 

(d) Swing Line Lender. Any resignation or removal by Bank of America as Administrative Agent pursuant to this Section shall also
constitute its resignation as a Swing Line Lender. If Bank of America resigns as a Swing Line Lender, it shall retain all the rights of a Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the
effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon the appointment by the
Borrower of a successor Swing Line Lender hereunder (which successor shall in all cases be a Lender other than a Defaulting Lender), (i) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of
the retiring Swing Line Lender and (ii) the retiring Swing Line Lender shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents. 

9.07 Non-Reliance on Administrative Agent and Other Lenders. Each Lender and each L/C
Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Agreement. Each Lender and each L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on
such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document
furnished hereunder or thereunder. 
 9.08 No Other Duties, Etc.. Anything herein to the contrary notwithstanding, none of the
Arrangers, Syndication Agent or Documentation Agent listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the
Administrative Agent, a Lender or an L/C Issuer hereunder. 

  
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 9.09 Administrative Agent May File Proofs of Claim; Credit Bidding. In case of
the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as
herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the L/C Issuers and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the L/C Issuers and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuers and the Administrative Agent under
Sections 2.03(h) and (i), 2.09 and 10.04) allowed in such judicial proceeding; and 
 (b) to collect and receive
any monies or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and each L/C Issuer to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making
of such payments directly to the Lenders and the L/C Issuers, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any
other amounts due the Administrative Agent under Sections 2.09 and 10.04. 
 Nothing contained herein shall be deemed to
authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or any L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or
any L/C Issuer to authorize the Administrative Agent to vote in respect of the claim of any Lender or any L/C Issuer or in any such proceeding. 

The Secured Parties hereby irrevocably authorize the Administrative Agent, at the direction of the Required Lenders, to credit bid all or any
portion of the Obligations (including accepting some or all of the Collateral in satisfaction of some or all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase (either directly or through one or
more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of the Bankruptcy Code of the United States, including under Sections 363, 1123 or 1129 of the Bankruptcy Code of the United
States, or any similar Laws in any other jurisdictions to which a Loan Party is subject, (b) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted by (or with the consent or at the direction of) the
Administrative Agent (whether by judicial action or otherwise) in accordance with any applicable Law. In connection with any such credit bid and purchase, the Obligations owed to the Secured Parties shall be entitled to be, and shall be, credit
bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable basis that would vest upon the liquidation of such claims in an amount proportional to the

  
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liquidated portion of the contingent claim amount used in allocating the contingent interests) in the asset or assets so purchased (or in the Equity Interests or debt instruments of the
acquisition vehicle or vehicles that are used to consummate such purchase). In connection with any such bid (i) the Administrative Agent shall be authorized to form one or more acquisition vehicles to make a bid, (ii) to adopt
documents providing for the governance of the acquisition vehicle or vehicles (provided that any actions by the Administrative Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets or Equity
Interests thereof shall be governed, directly or indirectly, by the vote of the Required Lenders, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the Required Lenders contained in clauses
(a) through (h) of Section 10.01 of this Agreement, and (iii) to the extent that Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another
bid being higher or better, because the amount of Obligations assigned to the acquisition vehicle exceeds the amount of debt credit bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Lenders pro
rata and the Equity Interests and/or debt instruments issued by any acquisition vehicle on account of the Obligations that had been assigned to the acquisition vehicle shall automatically be cancelled, without the need for any Secured Party or any
acquisition vehicle to take any further action. 
 9.10 Collateral and Guaranty Matters. Each of the Lenders (including in its
capacities as a potential Cash Management Bank and a potential Hedge Bank) and each of the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, 

(a) to release any Lien on any property granted to or held by the Administrative Agent under any Loan Document (i) upon termination of
the Aggregate Commitments and payment in full of all Obligations (other than (A) contingent indemnification obligations and (B) obligations and liabilities under Secured Cash Management Agreements and Secured Hedge Agreements as to which
arrangements satisfactory to the applicable Cash Management Bank of Hedge Bank shall have been made) and the expiration or termination of all Letters of Credit (other than Letters of Credit as to which other arrangements satisfactory to the
Administrative Agent and the applicable L/C Issuer shall have been made), (ii) that is sold or to be sold as part of or in connection with any sale permitted hereunder or under any other Loan Document, (iii) any property owned by a Restricted
Subsidiary that is designated as an Unrestricted Subsidiary in accordance with Section 6.19, or (iv) if approved, authorized or ratified in writing in accordance with Section 10.01; 

(b) to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Restricted Subsidiary as a result of a
transaction permitted hereunder (including designation of such Person as an Unrestricted Subsidiary in accordance with Section 6.19); and 

(c) to subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien
on such property that is permitted by Section 7.01(i). 
 Upon request by the Administrative Agent at any time, the Required
Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this
Section 9.10. Subject in each case to this Section 9.10 , upon any Loan Party’s request, the Administrative Agent, shall (and is hereby irrevocably authorized by each Lender (including in its

  
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capacity as a Secured Party) and each of the L/C Issuers to), at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably
request to evidence the release of such item of Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate its interest in such item, or to release such Guarantor from its obligations under the
Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10. 
 The Administrative Agent shall
not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s Lien
thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 

9.11 Secured Cash Management Agreements and Secured Hedge Agreements. Except as otherwise expressly set forth herein, no Cash
Management Bank or Hedge Bank that obtains the benefit of the provisions of Section 8.03, the Guaranty or any Collateral by virtue of the provisions hereof, of the Guaranty or any Collateral Document shall have any right to
notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any
amendment, waiver or modification of the provisions hereof or of the Guaranty or any Collateral Document) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any
other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Secured Cash
Management Agreements and Secured Hedge Agreements except to the extent expressly provided herein and unless the Administrative Agent has received a Secured Party Designation Notice of such Obligations, together with such supporting documentation as
the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. The Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with
respect to, Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements in the case of termination of the Aggregate Commitments and repayment in full of all Obligations hereunder. 

9.12 Certain ERISA Matters. 

(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from
the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan
Party, that at least one of the following is and will be true: 
 (i) such Lender is not using “plan assets”
(within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments
or this Agreement, 

  
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 (ii) the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions
involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a
class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house
asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, 

(iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning
of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of
Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or 

(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole
discretion, and such Lender. 
 (b) In addition, unless either (1) sub-clause (i) in the
immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately
preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases
being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that the Administrative Agent is not a fiduciary with respect to the assets
of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any
rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto). 
 ARTICLE X

 MISCELLANEOUS 

10.01 Amendments, Etc.. No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any
departure by the Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Administrative Agent, the Required Lenders and the Borrower or the applicable Loan Party, as the case may be, and each such waiver or
consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: 

(a) waive any condition set forth in Section 4.01 (other than Section 4.01(b)(i) or
(c)), or, in the case of the initial Credit Extension, Section 4.02, without the written consent of each Lender; 

  
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 (b) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated
pursuant to Section 8.02) without the written consent of such Lender; 
 (c) postpone any date fixed by this
Agreement or any other Loan Document for any payment (excluding mandatory prepayments) of principal, interest, fees or other amounts due to any Lender without the written consent of such Lender; 

(d) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (iv) of the
second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document (including interest accruing at the Default Rate pursuant to Section 2.03(c)(iii)
or Section 2.08(b)) without the written consent of each Lender entitled to such amount; 
 (e) change
Section 8.03 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender; 

(f) change (i) any provision of this Section 10.01 or (ii) the definitions of “Required
Lenders” or “Super Majority Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any
consent hereunder without the written consent of each Lender; 
 (g) release all or substantially all of the Collateral in any transaction
or series of related transactions, without the written consent of each Lender; 
 (h) change the definition of “Borrowing
Base” to increase any of the advance rates or dollar sublimits contained therein, without the written consent of each Lender; 

(i) change (i) the definition of “Borrowing Base” to add any new categories of eligible assets or (ii) the
definition of any defined term used in the definition of “Borrowing Base” in a manner that increases Availability, in each case, without the written consent of the Super Majority Lenders; or 

(j) release all or substantially all of the value of the Guaranty, without the written consent of each Lender, except to the extent the
release of any Subsidiary from the Guaranty is permitted pursuant to Section 9.10 (in which case such release may be made by the Administrative Agent acting alone); 

and provided, further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the applicable L/C Issuer in
addition to the Lenders required above, affect the rights or duties of the applicable L/C Issuer under this Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent
shall, unless in writing and signed by the Swing Line Lenders in addition to the Lenders required above, affect the rights or duties of the Swing Line Lenders under this Agreement; (iii) no amendment, waiver or consent shall, unless in writing
and signed by the Administrative Agent in addition to the Lenders required 

  
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above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; and (iv) the Fee Letter may be amended, or rights or privileges thereunder
waived, in a writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or
consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of any Defaulting Lender may not be
increased or extended without the consent of such Lender and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender disproportionately adversely
relative to the other affected Lenders shall require the consent of such Defaulting Lender. 
 Notwithstanding anything to the contrary herein, (i) the
Administrative Agent may, with the prior written consent of the Borrower only, amend, modify or supplement this Agreement or any of the other Loan Documents to cure any ambiguity, omission, mistake, defect or inconsistency and (ii) this
Agreement may be amended to add an L/C Issuer, remove an L/C Issuer or modify the L/C Issuer Sublimit of any Issuing Bank, provided that no such modification shall result in an increase of the L/C Sublimit, without the consent of the
Borrower, the Administrative Agent and such L/C Issuer (and the consent of the Required Lenders shall not be required). 
 If any Lender does not consent to
a proposed amendment, waiver, consent or release with respect to any Loan Document that requires the consent of each Lender and that has been approved by the Required Lenders, the Borrower may replace such
Non-Consenting Lender in accordance with Section 10.13; provided that such amendment, waiver, consent or release can be effected as a result of the assignment contemplated by
such Section (together with all other such assignments required by the Borrower to be made pursuant to this paragraph). 
 10.02
Notices; Effectiveness; Electronic Communications. (a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below),
all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by fax transmission or
e-mail transmission as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to the Borrower, the Administrative Agent, the L/C Issuers or the Swing Line Lenders, to the address, fax number, e-mail address or telephone number specified for such Person on Schedule 10.02; and 

(ii) if to any other Lender, to the address, fax number, e-mail address or telephone
number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in effect for the delivery of notices that may contain material non-public information relating to the Borrower). 

  
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 Notices and other communications sent by hand or overnight courier service, or mailed by certified or
registered mail, shall be deemed to have been given when received; notices and other communications sent by fax transmission shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient,
shall be deemed to have been given at the opening of business on the next Business Day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below shall be
effective as provided in such subsection (b). 
 (b) Electronic Communications. Notices and other communications to the
Administrative Agent, the Lenders, the Swing Line Lenders and the L/C Issuers hereunder may be delivered or furnished by electronic communication (including e-mail, FPML messaging and Internet or intranet
websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender, Swing Line Lenders or the L/C Issuers pursuant to Article II if such Lender, Swing Line Lender
or L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent, each Swing Line Lender, each L/C Issuer or the Borrower may each,
in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or
communications. 
 Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an
e-mail address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement) and (ii) notices and other communications posted to an Internet or intranet website shall be deemed received by the intended recipient 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 address or other written acknowledgement) indicating that such notice
or communication is available and identifying the website address therefor; provided that for both clauses (i) and (ii), if such notice or other communication is not sent during the normal business hours of the recipient, such notice,
email or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient. 
 (c)
The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM,
AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent
or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower, any Lender, any L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort,
contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s transmission of Borrower Materials or notices through the Platform, any other electronic platform or electronic messaging services, or through the Internet.

  
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 (d) Change of Address, Etc. Each of the Borrower, the Administrative Agent, each L/C
Issuer and each Swing Line Lender may change its address, fax number or telephone number or e-mail address for notices and other communications hereunder by notice to the other parties hereto. Each other
Lender may change its address, fax number or telephone number or e-mail address for notices and other communications hereunder by notice to the Borrower, the Administrative Agent, the L/C Issuers and the Swing
Line Lenders. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, fax number and e-mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public Lender agrees to cause at least one individual at or on behalf
of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with
such Public Lender’s compliance procedures and applicable Law, including United States federal and state securities Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information”
portion of the Platform and that may contain material non-public information with respect to the Borrower or its securities for purposes of United States federal or state securities laws. 

(e) Reliance by Administrative Agent, L/C Issuers and Lenders. The Administrative Agent, the L/C Issuers and the Lenders shall be
entitled to rely and act upon any notices (including, without limitation, telephonic or electronic notices, Revolving Credit Loan Notices, Notice of Loan Prepayment and Swing Line Loan Notices) purportedly given by or on behalf of the Borrower even
if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any
confirmation thereof. The Borrower shall indemnify the Administrative Agent, each L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each
notice purportedly given by or on behalf of the Borrower. All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such
recording. 
 10.03 No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender, any L/C Issuer or the
Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any
right, remedy, power or privilege hereunder or under any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided,
and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the
other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in
accordance with Section 8.02 for the benefit of all the Lenders and all the L/C Issuers; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own
behalf the rights and remedies that inure to its benefit (solely in its 

  
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capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) the L/C Issuers or the Swing Line Lenders from exercising the rights and remedies that inure to their
respective benefit (solely in their respective capacities as an L/C Issuer or a Swing Line Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with
Section 10.08 (subject to the terms of Section 2.13), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding
relative to any Loan Party under any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall
have the rights otherwise ascribed to the Administrative Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to
Section 2.13, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 

10.04 Expenses; Indemnity; Damage Waiver. 

(a) Costs and Expenses. The Borrower shall pay (i) all reasonable
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the
Administrative Agent), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments,
modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable
out-of-pocket expenses incurred by any L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment
thereunder and (iii) all out-of-pocket expenses incurred by the Administrative Agent, any Lender or any L/C Issuer (including the fees, charges and disbursements of
any counsel for the Administrative Agent, any Lender or any L/C Issuer), in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section,
or (B) in connection with Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans or Letters of Credit. Expenses being reimbursed by the Loan Parties under this Section 10.04(a) include, without limiting the generality of the foregoing, fees, costs and expense
incurred in connection with (i) collateral monitoring, collateral reviews, appraisals and insurance reviews and (ii) field examinations and the preparation of reports based on the fees charged by a third party retained by the
Administrative Agent or the internally allocated fees for each Person employed by the Administrative Agent with respect to each field examination. All expenses of protecting, storing, warehousing, insuring, handling, maintaining and shipping any
Collateral, all Taxes payable with respect to any Collateral (including any sale thereof), and all other payments required to be made by the Administrative Agent to any Person to realize upon any Collateral, shall be borne and paid by the Borrower.
The Administrative Agent shall not be liable or responsible in any way for the safekeeping of any Collateral, for any loss or damage thereto (except for reasonable care in its custody while Collateral is in the Administrative Agent’s actual
possession), for any diminution in the value thereof, or for any act or default of any warehouseman, carrier, forwarding agency or other Person whatsoever, but the same shall be at Borrower’s sole risk. 

  
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 (b) Indemnification by the Borrower. The Borrower shall indemnify the Administrative
Agent (and any sub-agent thereof), each Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold
each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee) incurred by any Indemnitee or asserted against any Indemnitee by
any Person (including the Borrower or any other 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, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents (including in respect of any matters addressed in Section 3.01),
(ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do
not strictly comply with the terms of such Letter of Credit), (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 any of the Borrower’s or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto, IN ALL CASES,
WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses,
claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee, (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 or (z) arose out of any claim, actions, suits, inquiries, litigation, investigation or proceeding that does not involve an act or omission of
the Borrower, any other Loan Party or any of their Affiliates and that is brought solely by an Indemnitee against another Indemnitee; provided that the Arrangers, Swing Line Lenders, L/C Issuers, and Administrative Agent shall remain
indemnified in such capacities. 
 (c) Reimbursement by Lenders. To the extent that the Borrower for any reason fails to indefeasibly
pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), the applicable L/C Issuer, the applicable Swing Line
Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the applicable L/C Issuer, the applicable Swing Line Lender or such
Related Party, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or
indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against 

  
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the Administrative Agent (or any such sub-agent), such L/C Issuer or such Swing Line Lender in its capacity as such or against any Related Party of any of
the foregoing acting for the Administrative Agent (or any such sub-agent), such L/C Issuer or such Swing Line Lender in connection with such capacity. The obligations of the Lenders under this
subsection (c) are subject to the provisions of Section 2.12(d). 
 (d) Waiver of Consequential Damages,
Etc. To the fullest extent permitted by applicable Law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to
direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of
Credit or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended
recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or
actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction. 

(e) Payments. All amounts due under this Section shall be payable not later than ten Business Days after demand therefor. 

(f) Survival. The agreements in this Section and the indemnity provisions of Section 10.02(e) shall survive
the resignation of the Administrative Agent , the L/C Issuers and the Swing Line Lenders, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. 

10.05 Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is made to the Administrative Agent,
any L/C Issuer or any Lender, or the Administrative Agent, any L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or
preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, such L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any
proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not
been made or such setoff had not occurred, and (b) each Lender and each L/C Issuer severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the
Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders and the L/C Issuers under
clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 

  
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 10.06 Successors and Assigns. (a) Successors and Assigns
Generally. The provisions of this Agreement and the other Loan Documents shall be binding upon and inure to the benefit of the parties hereto and thereto and their respective successors and assigns permitted hereby, except that the Borrower may
not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder
except (i) to an assignee in accordance with the provisions of Section 10.06(b), (ii) by way of participation in accordance with the provisions of Section 10.06(d), or (iii) by way of
pledge or assignment of a security interest subject to the restrictions of Section 10.06(e) (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed
or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent
expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the L/C Issuers and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Assignments by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations
under this Agreement (including all or a portion of its Commitment(s) and the Loans (including for purposes of this Section 10.06(b), participations in L/C Obligations and in Swing Line 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 Commitment and the Loans at the
time owing to it or contemporaneous assignments to related Approved Funds that equal at least the amount specified in paragraph (b)(i)(B) of this Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an
Approved Fund, no minimum amount need be assigned; and 
 (B) in any case not described in subsection (b)(i)(A) of this
Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such
assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date,
shall not be less than $5,000,000, unless each of 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 and the other Loan Documents with respect to the Loans or the Commitment assigned, except that this clause (ii) shall not apply to the Swing Line Lenders’ rights and
obligations in respect of Swing Line Loans; 

  
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 (iii) Required Consents. No consent shall be required for any
assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition: 
 (A) the consent of the
Borrower (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a
Lender or an Approved Fund provided that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having
received notice thereof; 
 (B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or
delayed) shall be required if such assignment is to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund with respect to a Lender; and 

(C) the consent of the L/C Issuers and the Swing Line Lenders shall be required for any assignment. 

(iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an
Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the
case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

(v) No Assignment to Certain Persons. No such assignment shall be made (A) to the Borrower or any of the
Borrower’s Affiliates or Subsidiaries, or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), or
(C) to a natural person. 
 (vi) Certain Additional Payments. In connection with any assignment of rights and
obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the
Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with
the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to
(x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, any L/C Issuer or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full
pro rata share of all Loans and participations in Letters of Credit and Swing Line Loans in accordance with its Applicable Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender
hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance
occurs. 

  
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 Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of
this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights
and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an
Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04,
3.05 and 10.04 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided that except to the extent otherwise expressly agreed by the affected parties, no assignment by a
Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee
Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and
obligations in accordance with Section 10.06(d). 
 (c) Register. The Administrative Agent, acting solely
for this purpose as an agent of the Borrower (and such agency being solely for U.S. Tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in
electronic form) and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the
“Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof
as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior
notice. 
 (d) Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative
Agent, sell participations to any Person (other than a natural Person, a Defaulting Lender or 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 Commitment and/or the Loans (including such Lender’s participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i) such
Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent,
the Lenders and the L/C Issuers shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the
indemnity under Section 10.04(c) without regard to the existence of any participations. 

  
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 Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender
will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 10.01 (other than those in the proviso in
Section 10.01(d)) that affects such Participant. The Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 (subject to the requirements and limitations
therein, including the requirements under Section 3.01(e) (it being understood that the documentation required under Section 3.01(e) shall be delivered to the Lender who sells the participation))
to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Sections 3.06 and
10.13 as if it were an assignee under paragraph (b) of this Section and (B) shall not be entitled to receive any greater payment under Sections 3.01 or 3.04, with respect to any participation, than the Lender from whom
it acquired the applicable participation would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation.
Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of Section 3.06 with respect to any
Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender; provided that such Participant agrees to be subject to
Section 2.13 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on
which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”);
provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans,
letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded
in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have
no responsibility for maintaining a Participant Register. 
 (e) Certain Pledges. Any Lender may at any time pledge or assign a
security interest in all or any portion of its rights under this Agreement (including under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided
that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(f) Resignation as L/C Issuer or Swing Line Lender after Assignment. Notwithstanding anything to the contrary contained herein, if at
any time Bank of America or any other Lender assigns all of its Commitment and Revolving Credit Loans pursuant to Section 10.06(b), Bank of America or such other Lender may, (i) upon 30 days’ notice to the
Borrower 

  
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and the Lenders, resign as an L/C Issuer and/or (ii) upon 30 days’ notice to the Borrower, resign as a Swing Line Lender. In the event of any such resignation as an L/C Issuer or a
Swing Line Lender, the Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer with respect to its L/C Issuer Sublimit or successor Swing Line Lender hereunder; provided, however, that no failure by the
Borrower to appoint any such successor shall affect the resignation of Bank of America or such other Lender as an L/C Issuer or a Swing Line Lender, as the case may be. If Bank of America or another Lender resigns as an L/C Issuer, it shall retain
all the rights, powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as an L/C Issuer and all L/C Obligations with respect thereto (including the right
to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). If Bank of America or another Lender resigns as a Swing Line Lender, it shall retain all the
rights of a Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk
participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon the appointment of a successor L/C Issuer with respect to Bank of America or another Lender’s L/C Issuer Sublimit and/or a successor
Swing Line Lender, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the case may be, and (b) the successor L/C Issuer shall
issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the resigning L/C Issuer to effectively assume the obligations of such resigning L/C
Issuer with respect to such Letters of Credit. 
 10.07 Treatment of Certain Information; Confidentiality. Each of the
Administrative Agent, the Lenders and the L/C Issuers agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective
Related Parties (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent required or requested
by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable
laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this
Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations under this Agreement or any Eligible Assignee invited to be a Lender pursuant to Section 2.14(c), (ii) any actual or prospective
counterparty (or its Related Parties) to any swap or derivative transaction relating to the Borrower and its obligations, or (iii) on a confidential basis to (A) any rating agency in connection with rating the Borrower or its Subsidiaries
or the credit facilities provided hereunder, (B) the provider of any Platform or other electronic delivery service used by the Administrative Agent, the L/C Issuers and/or the Swing Line Lenders to deliver Borrower Materials or notices to the
Lenders or (C) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers or other market identifiers with respect to the credit facilities provided hereunder, (g) with the consent of the
Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this 

  
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Section or (ii) becomes available to the Administrative Agent, any Lender, any L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than the
Borrower. For purposes of this Section, “Information” means all information received from the Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any of their respective businesses, other than any such
information that is available to the Administrative Agent, any Lender or any L/C Issuer on a nonconfidential basis prior to disclosure by the Borrower or any Subsidiary, provided that, in the case of information received from the Borrower or
any Subsidiary after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have
complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

Each of the Administrative Agent, the Lenders and the L/C Issuers acknowledges that (a) the Information may include material non-public information concerning the Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public
information and (c) it will handle such material non-public information in accordance with applicable Law, including United States federal and state securities Laws. 

The Loan Parties and their Affiliates agree that they will not in the future issue any press releases or other public disclosure using the name of the
Administrative Agent or any Lender or their respective Affiliates or referring to this Agreement or any of the Loan Documents without the prior written consent of the Administrative Agent, unless (and only to the extent that) the Loan Parties or
such Affiliate is required to do so under law and then, in any event the Loan Parties or such Affiliate will use commercial reasonable efforts to consult with such Person before issuing such press release or other public disclosure. 

The Loan Parties consent to the publication by the Administrative Agent or any Lender of customary advertising material relating to the transactions
contemplated hereby using the name, product photographs, logo or trademark of the Loan Parties. 
 10.08 Right of Setoff. If
an Event of Default shall have occurred and be continuing, each Lender, each L/C Issuer and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and
apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, such L/C Issuer or any such Affiliate to or
for the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement or any other Loan Document to such Lender or such L/C Issuer, irrespective of whether or not such
Lender or such L/C Issuer shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrower may be contingent or unmatured or are owed to a branch or office of such Lender or such L/C Issuer
different from the branch or office holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over
immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.16 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held
in trust for the benefit of the Administrative Agent and the Lenders, and (y) the 

  
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Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such
right of setoff. The rights of each Lender, each L/C Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, such L/C Issuer or their respective
Affiliates may have. Each Lender and each L/C Issuer agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of
such setoff and application. 
 10.09 Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan
Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the
Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In
determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not
principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the
contemplated term of the Obligations hereunder. 
 10.10 Counterparts; Integration; Effectiveness. This Agreement and each of
the other Loan Documents may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement
and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as
provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken
together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement or any other Loan Document, or any certificate delivered thereunder, by fax transmission or e-mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement or such other Loan Document or certificate. 

10.11 Survival of Representations and Warranties. All representations and warranties made hereunder and in any other Loan
Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the
Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default
at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 

  
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 10.12 Severability. If any provision of this Agreement or the other Loan
Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the
parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.
The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 10.12, if and to
the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, the applicable L/C Issuer or the applicable Swing
Line Lenders, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited. 
 10.13
Replacement of Lenders. If the Borrower is entitled to replace a Lender pursuant to the provisions of Section 3.06, or if any Lender is a Defaulting Lender or a Non-Consenting
Lender or if any other circumstance exists hereunder that gives the Borrower the right to replace a Lender as a party hereto, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require
such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.06), all of its interests, rights (other than its existing rights
to payments pursuant to Sections 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if
a Lender accepts such assignment), provided that: 
 (a) the Borrower shall have paid to the Administrative Agent the assignment fee
(if any) specified in Section 10.06(b); 
 (b) such Lender shall have received payment of an amount equal to 100%
of the outstanding principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05)
from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 

(c) in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments
required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; 

(d) such assignment does not conflict with applicable Laws; and 

(e) in the case of an assignment resulting from a Lender becoming a Non-Consenting Lender, the
applicable assignee shall have consented to the applicable amendment, waiver or consent. 
 A Lender shall not be required to make any such assignment or
delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 

  
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 10.14 Governing Law; Jurisdiction; Etc.. (a) GOVERNING LAW. THIS
AGREEMENT AND THE OTHER LOAN DOCUMENTS (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING
TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
NEW YORK. 
 (b) SUBMISSION TO JURISDICTION. THE BORROWER IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY
ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE AGENT, ANY LENDER, THE L/C ISSUER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN
DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR
PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION OR PROCEEDING
SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER
OR ANY L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ANY OTHER LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(c) WAIVER OF VENUE. THE BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE
PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

  
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 (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

10.15 Waiver of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER 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 PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

10.16 No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including
in connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (a)(i) the arranging and other services regarding
this Agreement provided by the Administrative Agent and any Affiliate thereof, the Arrangers and the Lenders are arm’s-length commercial transactions between the Borrower, each other Loan Party and their
respective Affiliates, on the one hand, and the Administrative Agent and, as applicable, its Affiliates and the Lenders and their Affiliates (including the Arrangers) (collectively, solely for purposes of this Section, the
“Lenders”), on the other hand, (ii) each of the Borrower and the other Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (iii) the Borrower and
each other Loan Party is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (b)(i) the Administrative Agent and its Affiliates and each Lender
and its Affiliates (including the Arrangers) each is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary, for
the Borrower, any other Loan Party or any of their respective Affiliates, or any other Person and (ii) neither the Administrative Agent, any of its Affiliates nor any Lender or any of its Affiliates (including the Arrangers) has any obligation
to the Borrower, any other Loan Party or any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (c) the Administrative
Agent and its Affiliates and the Lenders and their Affiliates (including the Arrangers) may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower, the other Loan Parties and their respective
Affiliates, and neither the Administrative Agent, any of its Affiliates nor any Lender or its Affiliates (including the Arrangers) has any obligation to disclose any of such interests to the Borrower, any other Loan Party or any of their respective
Affiliates. To the fullest extent permitted by law, each of the Borrower and each other Loan Party hereby waives and releases any claims that it may have against the Administrative Agent, any of its Affiliates or any Lender or its Affiliates
(including the Arrangers) with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transactions contemplated hereby. 

  
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 10.17 Electronic Execution of Assignments and Certain Other Documents. The
words “delivery,” “execute,” “execution,” “signed,” “signature,” and words of like import in any Loan Document or any other document executed in connection herewith shall be deemed to include
electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect,
validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable Law, including the Federal Electronic
Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided that notwithstanding anything contained
herein to the contrary neither the Administrative Agent, any L/C Issuer nor any Lender is under any obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent, such L/C
Issuer or such Lender pursuant to procedures approved by it and provided further without limiting the foregoing, upon the request of any party, any electronic signature shall be promptly followed by such manually executed counterpart. 

10.18 USA PATRIOT Act. The Administrative Agent and the Lenders hereby notify the Borrower and the other Loan Parties that
pursuant to the Patriot Act, Agent and Lenders are required to obtain, verify and record information that identifies each Loan Party, including its legal name, address, tax ID number and other information that will allow the Administrative Agent and
the Lenders to identify it in accordance with the Patriot Act. The Loan Parties shall, promptly upon request, provide all documentation and other information as the Administrative Agent, any L/C Issuer or any Lender may request from time to time for
purposes of complying with any “know your customer,” anti-money laundering rules and regulations, or other requirements of Applicable Law, including the Patriot Act and Beneficial Ownership Regulation. 

10.19 Keepwell. Each Loan Party that is a Qualified ECP Guarantor at the time the Guaranty or the grant of the security interest
under the Loan Documents, in each case, by any Specified Loan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support
to each Specified Loan Party with respect to such Swap Obligation as may be needed by such Specified Loan Party from time to time to honor all of its obligations under its Guaranty and the other Loan Documents in respect of such Swap Obligation
(but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.19 voidable under
applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Obligations
have been indefeasibly paid and performed in full. The Borrower intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the
benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act. 

  
 -136- 

 10.20 Credit Inquiries. The Administrative Agent and the Lenders may (but
shall have no obligation) to respond to usual and customary credit inquiries from third parties concerning any Loan Party or Subsidiary. 

10.21 Performance of Borrower’s Obligations. The Administrative Agent may, in its discretion at any time and
from time to time, at the Borrower’s expense, pay any amount or do any act required of the Borrower or any other Loan Party under any Loan Documents or otherwise lawfully requested by the Administrative Agent to (a) enforce any Loan
Documents or collect any Obligations; (b) protect, insure, maintain or realize upon any Collateral; or (c) defend or maintain the validity or priority of the Administrative Agent’s Liens in any Collateral, including any payment of a
judgment, insurance premium, warehouse charge, finishing or processing charge, or landlord claim, or any discharge of a Lien. All payments, costs and expenses of the Administrative Agent under this Section shall be reimbursed to the Administrative
Agent by the Borrower, on demand, with interest from the date incurred until paid in full, at the Default Rate applicable to Base Rate Loans. Any payment made or action taken by the Administrative Agent under this Section shall be without
prejudice to any right to assert an Event of Default or to exercise any other rights or remedies under the Loan Documents. 
 10.22
Waivers by Borrower. To the fullest extent permitted by Applicable Law, the Borrower waives (a) presentment, demand, protest, notice of presentment, default, non-payment, maturity,
release, compromise, settlement, extension or renewal of any commercial paper, accounts, documents, instruments, chattel paper and guaranties at any time held by the Administrative Agent on which the Borrower may in any way be liable, and hereby
ratifies anything the Administrative Agent may do in this regard; (b) notice prior to taking possession or control of any Collateral; (c) any bond or security that might be required by a court prior to
allowing the Administrative Agent to exercise any rights or remedies; (d) the benefit of all valuation, appraisement and exemption laws; (e) any claim against an Indemnitee, on any theory of liability, for
special, indirect, consequential, exemplary or punitive damages (as opposed to direct or actual damages) in any way relating to any enforcement action, Obligations, Loan Documents or transactions relating thereto; and (f) notice
of acceptance hereof. The Borrower acknowledges that the foregoing waivers are a material inducement to the Administrative Agent, the L/C Issuers and the Lenders entering into this Agreement and that they are relying upon the
foregoing in their dealings with the Borrower. The Borrower has reviewed the foregoing waivers, including the waiver of jury trial in Section 10.15, with its legal counsel and has knowingly and voluntarily waived its jury
trial and other rights following consultation with legal counsel. In the event of litigation, this Agreement may be filed as a written consent to a trial by the court. 

10.23 ENTIRE AGREEMENT. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT
BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES. 

  
 -137- 

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

(b) the effects of any Bail-In Action on any such liability, including, if applicable: 

(i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such
liability under this Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such liability in
connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority. 
 The provisions of this
Section 10.24 are intended to comply with, and shall be interpreted in light of, Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union. 

[Remainder of This Page Intentionally Left Blank] 

  
 -138- 

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

			
	BASIC ENERGY SERVICES, INC.
		
	By:	 	/s/ T.M. “Roe” Patterson
	Name:	 	T.M. “Roe” Patterson
	Title:	 	President and Chief Executive Officer

 [Signature Page to Credit Agreement] 

 
			
	 BANK OF AMERICA, N.A.,
 as
Administrative Agent, a Lender, an L/C
 Issuer and a Swing Line Lender

		
	By:	 	/s/ Lisa Huynh
	Name:	 	Lisa Huynh
	Title:	 	Vice President

 [Signature Page to Credit Agreement] 

 
			
	UBS AG, STAMFORD BRANCH, as a Lender and a L/C Issuer
		
	By:	 	/s/ Kenneth Chin
	Name:	 	Kenneth Chin
	Title:	 	Director
		
	By:	 	/s/ Darlene Arias
	Name:	 	Darlene Arias
	Title:	 	Director

 [Signature Page to Credit Agreement] 

 
			
	 PNC BANK NATIONAL ASSOCIATION,

as a Lender and a L/C Issuer

		
	By:	 	/s/ Thomas N. Tone
	Name:	 	Thomas N. Tone
	Title:	 	Vice President

 [Signature Page to Credit Agreement] 

 SCHEDULE 1.01 

COMMITMENTS 
 AND
APPLICABLE PERCENTAGES 
  

									
	 Lender
	  	Revolving Credit
Commitment	 	  	Revolving Credit Applicable
Percentage	 
	 Bank of America, N.A.
	  	$	50,000,000.00	 	  	 	33.33333334	% 
	 UBS AG, Stamford Branch
	  	$	50,000,000.00	 	  	 	33.33333333	% 
	 PNC Bank National Association
	  	$	50,000,000.00	 	  	 	33.33333333	% 
		  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	150,000,000.00	 	  	 	100.000000000	% 

 SCHEDULE 1.01(a) 

EXISTING LETTERS OF CREDIT 
  

																	
	 Beneficiary
	  	L/C#	 	  	Issue Date	 	  	Expiration
Date	 	  	Amount	 
	 Ace American Insurance
	  	 	3128685	 	  	 	7/29/2013	 	  	 	8/1/2019	 	  	$	9,698,325.00	 
	 Ace American Insurance
	  	 	68106482	 	  	 	9/15/2014	 	  	 	8/1/2019	 	  	$	17,329,225.00	 
	 WEX Bank
	  	 	68125993	 	  	 	5/20/2016	 	  	 	5/20/2019	 	  	$	700,000.00	 
	 Liberty Mutual Insurance
	  	 	68132622	 	  	 	4/11/2017	 	  	 	4/11/2019	 	  	$	8,000,000.00	 
	 National Union Fire
	  	 	68132623	 	  	 	4/11/2017	 	  	 	4/11/2019	 	  	$	584,589.00	 
	 Keystone National
	  	 	68133660	 	  	 	6/12/2017	 	  	 	6/12/2019	 	  	$	3,500,000.00	 

 SCHEDULE 5.13 

SUBSIDIARIES AND OTHER EQUITY INVESTMENTS; 

LOAN PARTIES 
  

	 	(a)	 List of Subsidiaries and Equity Interests 

 

									
	 Equity Holder
	  	 Owned Entity
	  	 Certificate
#
	  	 Number & Type
of Shares
	  	 Percentage
of Shares

	 Basic Energy Services, Inc.
	  	Basic Energy Services GP, LLC	  	002	  	1,000 Units of membership interest	  	100%
	 Basic Energy Services, Inc.
	  	Basic Energy Services LP, LLC	  	002	  	1,000 Units of membership interest	  	100%
	 Basic Energy Services GP, LLC
	  	Basic Energy Services, L.P.	  	*	  	0.10% GP interest	  	100%
	 Basic Energy Services, Inc.
	  	Basic ESA, Inc.	  	135 & 136	  	510,000 shares of common stock	  	100%
	 Basic Energy Services, L.P.
	  	Basic Energy Services International, LLC	  	*	  	1,000 Units of membership interest	  	100%
	 Basic ESA, Inc.
	  	ESA de Mexico S.A. de C.v	  	*	  	1% partes sociales	  	66%
	 Basic Energy Services, L.P.
	  	Basic Marine Services, Inc.	  	2	  	10 shares of common stock	  	100%
	 Basic Energy Services, L.P.
	  	Chaparral Service, Inc.	  	10	  	13,000 shares of common stock	  	100%
	 Basic Energy Services, L.P.
	  	First Energy Services Company	  	29	  	1,000 shares of common stock	  	100%
	 Basic Energy Services, L.P.
	  	Globe Well Service, Inc.	  	21	  	4,521 shares of common stock	  	100%
	 Basic Energy Services, L.P.
	  	JS Acquisition LLC	  	001	  	100 units of membership interest	  	100%
	 Basic Energy Services, L.P.
	  	LeBus Oil Field Service Co.	  	42	  	1,000 shares of common stock	  	100%
	 Basic Energy Services, L.P.
	  	Maverick Coil Tubing Services, LLC	  	*	  	Membership interests	  	100%
	 Basic Energy Services, L.P.
	  	Maverick Solutions, LLC	  	*	  	Membership interests	  	100%

									
	 Equity Holder
	  	 Owned Entity
	  	 Certificate
#
	  	 Number & Type
of Shares
	  	 Percentage
of Shares

	 Basic Energy Services, L.P.
	  	Maverick Stimulation Company, LLC	  	*	  	Membership interests	  	100%
	 Basic Energy Services, L.P.
	  	Maverick Thru-Tubing Services, LLC	  	*	  	Membership interests	  	100%
	 Basic Energy Services, L.P.
	  	MCM Holdings, LLC	  	*	  	Membership interests	  	100%
	 Basic Energy Services, L.P
	  	MSM Leasing, LLC	  	*	  	Membership interests	  	100%
	 Basic Energy Services, L.P
	  	The Maverick Companies, LLC	  	*	  	Membership interests	  	100%
	 Basic Energy Services, L.P.
	  	Permian Plaza, LLC	  	1	  	Membership interest	  	100%
	 Basic Energy Services, L.P.
	  	Platinum Pressure Services, Inc.	  	12	  	9,642,862 shares of common stock	  	100%
	 Basic Energy Services, L.P.
	  	SCH Disposal, L.L.C.	  	6	  	Membership interest	  	100%
	 Basic Energy Services, L.P.
	  	Sledge Drilling Corp.	  	7	  	650,000 shares of common stock	  	100%
	 Basic Energy Services, L.P.
	  	Taylor Industries, LLC	  	1	  	Membership interest	  	100%
	 Basic Energy Services, L.P.
	  	XTERRA Fishing & Rental Tools Co.	  	6	  	68,000 shares of common stock	  	100%
	 Basic Energy Services, L.P.
	  	Robota Energy Equipment, LLC	  	1	  	Membership interest	  	80%
	 Basic Energy Services, L.P.
	  	BER Holdco, LLC	  	*	  	Membership interest	  	100%
	 BER Holdco, LLC
	  	Basic Energy Receivables, LLC	  	*	  	Membership interest	  	100%
	 Basic Energy Services, LP, LLC
	  	Basic Energy Services, L.P.	  	*	  	99.9% Limited Partnership Interest	  	100%
	 JetStar Holdings, Inc.
	  	JetStar Energy Services, Inc.	  	C001	  	100 shares of common stock	  	100%
	 JS Acquisition LLC
	  	Acid Services, LLC	  	23	  	Membership interest	  	100%
	 JS Acquisition LLC (successor by merger to JetStar Consolidated Holdings, Inc.)
	  	JetStar Holdings, Inc.	  	C002	  	100 shares of common stock	  	100%
	 Platinum Pressure Services, Inc.
	  	Admiral Well Service, Inc.	  	2	  	100 shares of common stock	  	100%

									
	 Equity Holder
	  	 Owned Entity
	  	 Certificate
#
	  	 Number & Type
of Shares
	  	 Percentage
of Shares

	 Basic Energy Services, L.P.
	  	Robota Energy Equipment, LLC	  	*	  	20 units of membership interest	  	20%

  

	*	 The membership interest in each of the entities are not currently represented by certificates issued to the
membership interest owner. 

  

	 	(b)	 Any Other Equity Investments. None. 

	 	(c)	 List of Loan Parties; Jurisdiction of its incorporation; Address of its principal place of business and its
U.S. Taxpayer Identification Number 

  

							
	 Debtor
	  	 Jurisdiction &
Type of
Organization
	  	 Organizational
ID# and
Taxpayer ID#
	  	 Chief Executive Office,

Sole Place of Business, or

Principal Residence

	Basic Energy Services, Inc.	  	Delaware corporation	  	 3611854

54-2091194
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Acid Services, LLC	  	Kansas limited liability company	  	 2347722

48-1180455
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Admiral Well Service, Inc.	  	Texas corporation	  	 0801050244

26-3164899
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Basic Energy Services GP, LLC	  	Delaware limited liability company	  	 3611876

54-2091197
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Basic Energy Services LP, LLC	  	Delaware limited liability company	  	 3611879

54-1091195
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Basic Energy Services, L.P.	  	Delaware limited partnership	  	 2307778

75-2441819
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Basic ESA, Inc.	  	Texas corporation	  	 57139400

75-1772279
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Basic Marine Services, Inc.	  	Delaware corporation	  	 3917169

20-2274888
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Chaparral Service, Inc.	  	New Mexico corporation	  	 642181

85-0206424
	  	[801 Cherry Street, Suite 2100, Fort Worth, TX 76102]
				
	First Energy Services Company	  	Delaware corporation	  	 3215172

84-1544437
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Globe Well Service, Inc.	  	Texas corporation	  	 46471700

75-1634275
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	JetStar Energy Services, Inc.	  	Texas corporation	  	 800481218

68-0605237
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	JetStar Holdings, Inc.	  	Delaware corporation	  	 3954247

74-3144248
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	JS Acquisition LLC	  	Delaware corporation	  	 4278935

26-2529500
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	LeBus Oil Field Service Co.	  	Texas corporation	  	 77931600

75-2073125
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Maverick Coil Tubing Services, LLC	  	Colorado limited liability company	  	 20001207071

84-1563281
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Maverick Solutions, LLC	  	Colorado limited liability company	  	 20031245775

20-0122876
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Maverick Stimulation Company, LLC	  	Colorado limited liability company	  	 19961105940

84-1354572
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Maverick Thru-Tubing Services, LLC	  	Colorado limited liability company	  	 20091658924

27-1501902
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102

							
	 Debtor
	  	 Jurisdiction &
Type of
Organization
	  	 Organizational
ID# and
Taxpayer ID#
	  	 Chief Executive Office,

Sole Place of Business, or

Principal Residence

	MCM Holdings, LLC	  	Colorado limited liability company	  	 20011090566

84-1520949
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	MSM Leasing, LLC	  	Colorado limited liability company	  	 20091399908

27-0629182
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Permian Plaza, LLC	  	Texas limited liability company	  	 800859993

26-0753425
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Platinum Pressure Services, Inc.	  	Texas corporation	  	 0800888088

26-1338379
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	SCH Disposal, L.L.C.	  	Texas limited liability company	  	 704317322

75-2788335
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Sledge Drilling Corp.	  	Texas corporation	  	 800575730

20-4223140
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	Taylor Industries, LLC	  	Texas limited liability company	  	 801259923

27-2417037
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	The Maverick Companies, LLC	  	Colorado limited liability company	  	 20061298717

20-5244170
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102
				
	XTERRA Fishing & Rental Tools Co.	  	Texas corporation	  	 158550700

76-0647818
	  	801 Cherry Street, Suite 2100, Fort Worth, TX 76102

 SCHEDULE 6.12 

GUARANTORS 
  

	
	Acid Services, LLC
	Admiral Well Service, Inc.
	Basic Energy Services GP, LLC
	Basic Energy Services LP, LLC
	Basic Energy Services, L.P.
	Basic ESA, Inc.
	Basic Marine Services, Inc.
	Chaparral Service, Inc.
	First Energy Services Company
	Globe Well Service, Inc.
	JetStar Energy Services, Inc.
	JetStar Holdings, Inc.
	JS Acquisition LLC
	LeBus Oil Field Service Co.
	Maverick Coil Tubing Services, LLC
	Maverick Solutions, LLC
	Maverick Stimulation Company, LLC
	Maverick Thru-Tubing Services, LLC
	MCM Holdings, LLC
	MSM Leasing, LLC
	The Maverick Companies, LLC
	Permian Plaza, LLC
	Platinum Pressure Services, Inc.
	SCH Disposal, L.L.C.
	Sledge Drilling Corp.
	Taylor Industries, LLC
	XTERRA Fishing & Rental Tools Co.

 SCHEDULE 6.18 

 SCHEDULE 7.01 

EXISTING LIENS 
 The Texas Comptroller of Public
Accounts filed a Texas State Tax Lien with the County Clerk of Tarrant County, Texas under filing instrument number D218095799 on May 4, 2018. This filing covers Texas motor vehicle and use tax for the period September 1, 2011 through
December 31, 2013 in the amount of $328,775.38. The Borrower has paid said liability in full, however we are still in the process of getting authorization from the Texas Comptroller of Public Accounts to release this lien of record. 

Any and all easements, right of ways or other encumbrances on title to real property of record. 

 SCHEDULE 7.02 

EXISTING INDEBTEDNESS 
 None. 

 SCHEDULE 7.03 

INVESTMENTS 
 None existing on
the date hereof. 

 SCHEDULE 7.09 

BURDENSOME AGREEMENTS 
 None. 

 SCHEDULE 10.02 

ADMINISTRATIVE AGENT’S OFFICE, CERTAIN ADDRESSES 

FOR NOTICES 
 Address, telephone number, fax
number, and email for the Administrative Agent, an L/C Issuer and the Swing Line Lender: 
 Bank of America, N.A., as Administrative Agent: 

Administrative Agent’s Office 

(for payments and Requests for Credit Extensions): 

Bank of America, N.A. 
 901 Main
Street 14th Floor 
 Mail Code: TX1-492-14-14 
 Dallas, TX 75202 

Attention: Angie Hidalgo 

Telephone: 972-338-3768 

Electronic Mail: angie.hidalgo@baml.com 

Account No.: 1292000883 
 Ref:
Basic Energy Services 
 ABA# 026009593 

Other Notices as Administrative Agent: 

Bank of America, N.A. 
 Agency
Management – Patrick Devitt 
 Gateway Village – 900 Building 

900 W. Trade St 
 Mail Code: NC1-026-06-03 
 Charlotte,
NC 28255-0001 
 Attention: Patrick Devitt 

Telephone: (980)387-4155 

Telecopier: (704)409-0016 

Electronic Mail: patrick.devitt@baml.com 

Bank of America, N.A., as L/C Issuer: 
 Bank of
America, N.A. 
 Trade Operations 

1 Fleet Way 
 Mail Code: PA6-580-02-30 

Scranton, PA 18507 
 Attention:
Charles Herron 
 Telephone: 570-496-9564 

Telecopier: 800-755-8743 

Electronic Mail: charles.p.herron@baml.com 

 Bank of America, N.A., as Swing Line Lender: 

Bank of America, N.A. 
 901 Main
Street 14th Floor 
 Mail Code: TX1-492-14-14 
 Dallas, TX 75202 

Attention: Angie Hidalgo 

Telephone: 972-338-3768 

Electronic Mail: angie.hidalgo@baml.com 

Account No.: 1292000883 
 Ref:
Basic Energy Services 
 ABA# 026009593 

Address, telephone number, fax number and email for UBS AG, Stamford Branch, an L/C Issuer: 

UBS AG, Stamford Branch 
 600
Washington Boulevard 
 Stamford, Connecticut 06901 

Attention: Agency Group 
 Fax No.:
(203) 719-3888 
 Email: Agency-UBSAmericas@ubs.com 

Address, telephone number, fax number and email for PNC Bank National Association an L/C Issuer: 

PNC Bank National Association 

2100 Ross Avenue, Suite 1850 

Dallas, Texas 75201 
 Attention:
Thomas Tone 
 Telephone No.: (214) 871-1245 

Fax No.: (214) 871-2015 

With a copy to: 
 PNC Bank,
National Association 
 PNC Firstside Center 

500 First Avenue 
 Pittsburgh,
Pennsylvania 15219 
 Attention: PNC Agency Services 

 Address, telephone number, fax number and email for the Borrower: 

Basic Energy Services, Inc. 
 801 Cherry Street, Suite 2100 

Fort Worth, TX 76102 
 Attention: T.M. “Roe” Patterson

 Telephone No.: 817-334-4100 

Fax No.: 817-334-4101 

Email: john.underwood@basicenergyservices.com 

 EXHIBIT A 

FORM OF REVOLVING CREDIT LOAN NOTICE 

Date: ___________, ______ 
  

	To:	 Bank of America, N.A., as Administrative Agent 

Ladies and Gentlemen: 
 Reference is made to that
certain ABL Credit Agreement, dated as of October 2, 2018 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”; the terms defined therein being used herein as
therein defined), among Basic Energy Services, Inc., a Delaware corporation (the “Borrower”), the Lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer. 

The undersigned hereby requests (select one): 

☐ A Revolving Credit Borrowing 
  

	 	1.	 On ___________________________________ (a Business Day). 

 

	 	2.	 In the amount of $ _______________________ 

 

	 	3.	 Comprised of ___________________________ 

[Type of Loan requested] 
  

	 	4.	 For LIBOR Loans: with an Interest Period of ____ months. 

☐ A conversion or continuation of Revolving Credit Loans 

A. Revolving Credit Loan(s) to be converted or continued: 
  

	 	1.	 On ___________________________________ (a Business Day). 

 

	 	2.	 In the amount of $ _______________________ 

 

	 	3.	 Comprised of_________________________________ 

[Type of Loan] 
  

	 	4.	 For LIBOR Loans: with an Interest Period of ____ months. 

B. Revolving Credit Loan(s) to be converted or continued as: 
  

	 	1.	 On ___________________________________ (a Business Day). 

 

	 	2.	 In the amount of $ _______________________ 

[Exhibit A to ABL Credit Agreement] 

	 	3.	 Comprised of ____________________________ 

[Type of Loan] 
  

	 	4.	 For LIBOR Loans: with an Interest Period of ____ months. 

The Revolving Credit Borrowing requested herein complies with the requirements of Sections 2.01 and 2.02 of the Credit Agreement. 

The Borrower hereby represents and warrants that the conditions specified in Sections 4.02(a) and (b) of the Credit Agreement shall be
satisfied on and as of the date of the applicable Credit Extension. 
 Delivery of an executed counterpart of a signature page of this
notice by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this notice. 

 

			
	BASIC ENERGY SERVICES, INC.

 
			
		
	By:	 	 

 
			
	Name:	 	
	Title:	 	

 [Exhibit A to ABL Credit Agreement] 

 EXHIBIT B 

FORM OF SWING LINE LOAN NOTICE 

Date:                 ,
         
  

	To:	 Bank of America, N.A., as Swing Line Lender, and 

Bank of America, N.A., as Administrative Agent 

Ladies and Gentlemen: 
 Reference is made to that
certain ABL Credit Agreement, dated as of October 2, 2018 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”; the terms defined therein being used herein as
therein defined), among Basic Energy Services, Inc., a Delaware corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer. 

The undersigned hereby requests a Swing Line Loan: 
  

	 	1.	 On
                                         
            (a Business Day). 

  

	 	2.	 In the amount of
$                                        .

 The Swing Line Borrowing requested herein complies with the requirements of Sections 2.04(a) and (b) of the Credit
Agreement. 
 The Borrower hereby represents and warrants that the conditions specified in Sections 4.02(a) and (b) shall be satisfied
on and as of the date of the applicable Credit Extension. 
 Delivery of an executed counterpart of a signature page of this notice by fax
transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this notice. 

 

			
	BASIC ENERGY SERVICES, INC.

 
			
		
	By:	 	 

 
			
	Name:	 	
	Title:	 	

  

  
 [Exhibit B to ABL Credit
Agreement] 

 EXHIBIT C 

FORM OF NOTE 
 Date:
                ,          

FOR VALUE RECEIVED, the undersigned (the “Borrower”), hereby promises to pay
to                                     or registered assigns
(the “Lender”), in accordance with theprovisions of the Credit Agreement (as hereinafter defined), the principal amount of each Revolving Credit Loan from time to time made by the Lender to the Borrower under that certain ABL Credit
Agreement, dated as of October 2, 2018 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein defined),
among the Borrower, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer. 

The Borrower hereby promises to pay interest on the unpaid principal amount of each Revolving Credit Loan from the date of such Loan until
such principal amount is paid in full, at such interest rates and at such times as provided in the Credit Agreement. All payments of principal and interest shall be made to the Administrative Agent for the account of the Lender in Dollars in
immediately available funds at the Administrative Agent’s Office. If any amount is not paid in full when due hereunder (whether at stated maturity, by acceleration or otherwise), such unpaid amount shall bear interest, to be paid upon demand,
from the due date thereof until the date of actual payment (and before as well as after judgment) computed at the per annum rate set forth in the Credit Agreement. 

This Note is one of the Notes referred to in the Credit Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part
subject to the terms and conditions provided therein. This Note is also entitled to the benefits of the Guaranty and is secured by the Collateral. Upon the occurrence and continuation of one or more of the Events of Default specified in the Credit
Agreement, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable all as provided in the Credit Agreement. Revolving Credit Loans made by the Lender shall be evidenced by one or more loan
accounts or records maintained by the Lender in the ordinary course of business. The Lender may also attach schedules to this Note and endorse thereon the date, amount and maturity of its Revolving Credit Loans and payments with respect thereto;
provided, that any failure to so attach or endorse or any error in doing so shall not limit or otherwise affect the obligation of the Borrower hereunder and under the other Loan Documents to pay any amount owing with respect to the Obligations. 

The Borrower, for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand,
dishonor and non-payment of this Note. 
  

  
 [Exhibit C to ABL Credit
Agreement] 

 THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. 
  

			
	BASIC ENERGY SERVICES, INC.

 
			
		
	By:	 	 

 
			
	Name:	 	
	Title:	 	

  

  
 [Exhibit C to ABL Credit
Agreement] 

 EXHIBIT D 

FORM OF COMPLIANCE CERTIFICATE 

Financial Statement Date:
                    ,          

To: Bank of America, N.A., as Administrative Agent 

Ladies and Gentlemen: 
 Reference is made to that
certain ABL Credit Agreement, dated as of October 2, 2018 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”; the terms defined therein being used herein as
therein defined), among Basic Energy Services, Inc., a Delaware corporation (the “Borrower”), the Lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer. 

The undersigned hereby certifies as of the date hereof that he/she is the [Chief Executive Officer][Chief Financial Officer][Treasurer][Controller] of the
Borrower, and that, as such, he/she is authorized to execute and deliver this Compliance Certificate to the Administrative Agent on the behalf of the Borrower, and that: 

[Use following paragraph 1 f or fiscal year-end financial statements] 

1. The Borrower has delivered the year-end audited financial statements required by Section 6.01(a) of the Credit
Agreement for the fiscal year of the Borrower ended as of the above date, together with the report and opinion of an independent certified public accountant required by such section. 

[Use following paragraph 1 f or fiscal quarter-end financial statements] 

1. The Borrower has delivered the unaudited financial statements required by Section 6.01(b) of the Credit Agreement for the fiscal quarter of the
Borrower ended as of the above date. Such financial statements fairly present in all material respects the financial condition, results of operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with
GAAP as at such date and for such period, subject only to normal year-end audit adjustments and the absence of footnotes. 

[Use following paragraph 1 for month-end financial statements if a 

Monthly Financial Reporting Trigger Period is in effect] 

1. The Borrower has delivered the unaudited financial statements required by Section 6.01(c) of the Credit Agreement for the month ended as of the above
date. Such financial statements fairly present in all material respects the financial condition, results of operations, shareholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP as at such date and for
such period, subject only to normal year-end audit adjustments and the absence of footnotes. 

  
 [Exhibit D to ABL Credit
Agreement] 

 2. The undersigned has reviewed and is familiar with the terms of the Credit Agreement and has made, or has
caused to be made under his/her supervision, a detailed review of the transactions and condition (financial or otherwise) of the Borrower during the accounting period covered by such financial statements. 

3. A review of the activities of the Borrower during such fiscal period has been made under the supervision of the undersigned with a view to determining
whether during such fiscal period the Borrower performed and observed all its Obligations under the Loan Documents, and 
 [select one:]

 [to the best knowledge of the undersigned, during such fiscal period the Borrower performed and observed each covenant and condition of the Loan
Documents applicable to it, and no Default has occurred and is continuing.] 
 --or- 

[to the best knowledge of the undersigned, the following covenants or conditions have not been performed or observed and the following is a list of each such
Default and its nature and status:] 
 4. The representations and warranties of the Borrower and each other Loan Party contained in Article V of the Credit
Agreement or any other Loan Document, or which are contained in any document furnished at any time under or in connection with any Loan Document, are true and correct on and as of the date hereof, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of this Compliance Certificate, the representations and warranties contained in Sections 5.05(a) and
(b) of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to Sections 6.01(a), (b) and (c) of the Credit Agreement, respectively. 

5. The financial covenant analyses and information set forth on Schedules 1 and 2 attached hereto are true and accurate on and as of the date of
this Compliance Certificate. 
  

  
 [Exhibit D to ABL Credit
Agreement] 

 IN WITNESS WHEREOF, the undersigned has executed this Compliance Certificate as of
            ,         _. 
  

			
	 BASIC ENERGY SERVICES, INC.

		
	By:	 	 
		 	Name:
		 	Title:

  

  
 [Exhibit D to ABL Credit
Agreement] 

 For the Quarter/Year/Month ended
                                    ,
         (“Statement Date”) 
 SCHEDULE 1 

to the Compliance Certificate 
 ($
in 000’s) 
  

					
	 I.   Section 7.11 – Consolidated Fixed Charge Coverage Ratio.
	  			
		
	 A. Consolidated EBITDA for Measurement Period (Line I.B. above):
	  	$	             	 
		
	 B. Capital Expenditures for Subject Period (except those financed with borrowed money other
than Revolving Credit Loans and Equity Proceeds) and cash taxes paid:
	  	$	             	 
		
	 C. Line A minus Line B:
	  	$	             	 
		
	 D. Consolidated Interest Charges (other than payment-in-kind or amortization of fees and other non-cash items treated as interest in accordance with GAAP) for the Measurement Period:
	  	$	             	 
		
	 E.  Scheduled principal payments and voluntary prepayments on borrowed money
(including purchase money Indebtedness, Attributable Indebtedness and the deferred purchase price of property or services) during Measurement Period:
	  	$	             	 
		
	 F.  Restricted Payments made during Measurement Period:
	  	$	             	 
		
	 G. Consolidated Fixed Charges for the Measurement Period (Lines D plus Line E
plus Line F):
	  	$	             	 
		
	 H. Consolidated Fixed Charge Coverage Ratio (Line C divided by Line G):
	  	 	         to 1	 
		
	 Minimum required:
	  	 	1.00 to 1	 

  

  
 [Exhibit D to ABL Credit
Agreement] 

 For the Quarter/Year/Month ended
                                        

 (“Statement Date”) 

SCHEDULE 2 
 to the
Compliance Certificate 
 ($ in 000’s) 

Consolidated EBITDA 
 (in
accordance with the definition of Consolidated EBITDA 
 as set forth in the Credit Agreement) 

 

											
	 Consolidated

EBITDA
	  	 Quarter

Ended
	  	 Quarter

Ended
	  	 Quarter
Ended
	  	 Quarter
Ended
	  	 Twelve
Months
Ended

	 Consolidated Net Income
	  		  		  		  		  	
	 + Consolidated Interest Charges
	  		  		  		  		  	
	 + income taxes
	  		  		  		  		  	
	 + depreciation expense
	  		  		  		  		  	
	 + amortization expense
	  		  		  		  		  	
	 + non-cash expenses
	  		  		  		  		  	
	 + non-cash stock-based compensation expenses
	  		  		  		  		  	
	 + costs of refinancing loans pursuant to the Term Loan Agreement and Receivables Facility
Agreement
	  		  		  		  		  	
	 + amount expensed in connection with tender for / redemption of loans pursuant to the Term Loan
Agreement and Receivables Facility Agreement
	  		  		  		  		  	
	 + (a) reasonable and customary fees, expenses, charges or losses (other than depreciation and
amortization) related to any public or private sale of (i) Qualified Capital Stock or options, warrants or rights made for cash, (ii) Material Acquisitions, (iii) Material Dispositions or the (iv) incurrence of Indebtedness permitted
to be incurred under the Credit Agreement (including refinancings thereof), and including fees, expenses, charges and losses related to the offering of Senior Notes and the Indebtedness incurred under the Credit Agreement, and any amendment of the
Senior Notes or Loan Documents), in each case, to the extent deducted and not added back to Consolidated Net Income)
	  		  		  		  		  	
	 +(b) the amount of any restructuring charge or reserve, integration cost or other business
optimization expense and severance costs during such Measurement Period (a + b not to exceed 15% of Consolidated EBITDA for such Measurement Period)
	  		  		  		  		  	
	 -income tax credits
	  		  		  		  		  	
	 -non-cash income
	  		  		  		  		  	
	 = Consolidated EBITDA
	  		  		  		  		  	

  

  
 [Exhibit D to ABL Credit
Agreement] 

 EXHIBIT E-1 

ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is
entered into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each]2
Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]3 hereunder are
several and not joint.]4 Capitalized terms used but not defined herein shall have the meanings given to them in the ABL Credit Agreement identified below (the “Credit Agreement”),
receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto (the “Standard Terms and Conditions”) are hereby agreed to and incorporated herein by
reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an agreed consideration, [the][each]
Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the
Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity
as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding
rights and obligations of [the Assignor][the respective Assignors] under the respective facilities identified below (including, without limitation, the Letters of Credit and the Swing Line Loans included in such facilities) and (ii) to the
extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person,
whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing,
including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights
and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as [the][an] “Assigned Interest”). Each such sale and
assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor. 

 

	1 	 For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a
single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language. 

	2 	 For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a
single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language. 

	3 	 Select as appropriate. 

	4 	 Include bracketed language if there are either multiple Assignors or multiple Assignees. 

  
 [Exhibit E-1 to ABL
Credit Agreement] 

					
	 1.  Assignor[s]:
	  	                                      
                                      	  	
			
		  	                                      
                                      	  	
			
	 2.  Assignee[s]:
	  	                                      
                                      	  	
			
		  	                                      
                                      	  	
	        [for each Assignee, indicate
[Affiliate][Approved Fund] of [identify Lender]]

			
	 3.  Borrower:
	  	 Basic Energy Services, Inc.
	  	
			
	 4.  Administrative Agent:
	  	Bank of America, N.A., as the Administrative Agent under the Credit Agreement	  	
	
	 5.  Credit Agreement: ABL Credit Agreement, dated as of
October 2, 2018, among Basic Energy Services, Inc., as Borrower, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer

	 6.  Assigned Interest:
	  		  	

  

																									
	
Assignor[s]5
	  	Assignee[s]6	 	  	Facility
Assigned	 	  	Aggregate
Amount of
Commitment/Loans
for all Lenders7	 	  	Amount of
Commitment
/Loans
Assigned	 	  	Percentage
Assigned of
Commitment/
Loans8	 	  	CUSIP
Number	 
		  				  				  	$	 	 	  	$	 	 	  	 	%	 	  			
		  				  				  	$	 	 	  	$	 	 	  	 	%	 	  			
		  				  				  	$	 	 	  	$	 	 	  	 	%	 	  			

  

					
	 [7.   Trade Date:
	  	                                      
                                      ]9	  	

 Effective Date (the “Effective Date”):
                            , 20     [TO BE INSERTED BY THE ADMINISTRATIVE
AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 [signature page follows] 

 

	5 	 List each Assignor, as appropriate. 

	6 	 List each Assignee, as appropriate. 

	7 	 Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take
into account any payments or prepayments made between the Trade Date and the Effective Date. 

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

	9 	 To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined
as of the Trade Date. 

  
 [Exhibit E-1 to ABL
Credit Agreement] 

 The terms set forth in this Assignment and Assumption are hereby agreed to as of the
Effective Date: 
  

			
	ASSIGNOR
	[NAME OF ASSIGNOR]

 
			
		
	By:	 	 

 
			
	Title:	 	
	
	ASSIGNEE
	[NAME OF ASSIGNEE]

 
			
		
	By:	 	 
	Title:	 	
		 	

 Consented to and accepted: 
  

			
	 BANK OF AMERICA, N.A.,
 as
Administrative Agent, Swing Line Lender
 and an L/C Issuer

			
		
	By:	 	 
	Title:	 	

			
	
	 [UBS AG, STAMFORD BRANCH],
 as L/C
Issuer

			
		
	By:	 	 
	Title:	 	
		
	By:	 	 
	Title:	 	

			
	
	 [PNC BANK, NATIONAL ASSOCIATION],

as L/C Issuer

			
		
	By:	 	 
	Title:	 	

			
	
	 [ADDITIONAL ISSUING BANK]10,

as L/C Issuer

			
		
	By:	 	 
	Title:	 	

  

	10 	 To be executed by each applicable L/C Issuer. 

  
 [Exhibit E-1 to ABL
Credit Agreement] 

			
	[BASIC ENERGY SERVICES, INC.

			
		
	By:	 	 
	Title:    	 	]11

  

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

  
 [Exhibit E-1 to ABL
Credit Agreement] 

 ANNEX 1 TO ASSIGNMENT AND ASSUMPTION 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 

1. Representations and Warranties. 

1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][[the
relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this
Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any
other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or
Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan
Document. 
 1.2. Assignee. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and
has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee
under Section 10.06(b)(iii), (v) [and (vi)] of the Credit Agreement (subject to such consents, if any, as may be required under Section 10.06(b)(iii) of the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by
the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets
of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a
copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as
it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any
other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a
Foreign Lender, attached hereto is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it will, independently and
without reliance upon the Administrative Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action
under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

[Exhibit E-1 to ABL Credit Agreement] 

 2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the][the
relevant] Assignee for amounts which have accrued from and after the Effective Date. 
 3. General Provisions. This Assignment and
Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one
instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption.
This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York. 
 [Exhibit E-1 to ABL Credit Agreement] 

 EXHIBIT E-2 

ADMINISTRATIVE QUESTIONNAIRE 

[Attached] 
 Exhibit E-2 to Credit Agreement 

 EXHIBIT F 

FORM OF NOTICE OF LOAN PREPAYMENT 
  

	TO:	 Bank of America, N.A., as [Administrative Agent][Swing Line Lender] 

 

	RE:	 ABL Credit Agreement, dated as of October 2, 2018, among Basic Energy Services, Inc., a Delaware
corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer (as amended, restated, extended, supplemented or otherwise modified
in writing from time to time, the “Credit Agreement”) 

  

	DATE:	 [Date] 

The Borrower hereby notifies the Administrative Agent that on _________________1, pursuant to the terms of Section 2.05 of the Credit Agreement, the Borrower intends to prepay/repay the following Revolving Credit Loans as more specifically set forth below: 

 

	 	☐	 Optional prepayment of Revolving Credit Loans in the following amount(s): 

 

	 	☐	 LIBOR Loans: $_____________________________2

 Applicable Interest Period: _____________________ 

 

	 	☐	 Base Rate Loans: $_____________________________3

  

	 	☐	 Optional prepayment of Swing Line Loans in the following amount: $_____________________________4 

 Delivery of an executed counterpart of a signature page of this
notice by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this notice. 

[Signature page follows] 
  

 

	1 	 Specify date of such prepayment. 

	2 	 Any prepayment of LIBOR Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in
excess thereof (or if less, the entire principal amount thereof outstanding). 

	3 	 Any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in
excess thereof (or if less, the entire principal amount thereof outstanding). 

	4 	 Any prepayment of Swing Line Loans shall be in a minimum principal amount of $100,000 (or if less, the entire
principal amount thereof outstanding). 

 [Exhibit F to ABL Credit Agreement] 

 
			
	BASIC ENERGY SERVICES, INC.

 
			
		
	By:	 	 

 
			
	Name:	 	
	Title:	 	

 [Exhibit F to ABL Credit Agreement] 

 EXHIBIT G 

FORM OF SECURED PARTY DESIGNATION NOTICE 
  

	TO:	 Bank of America, N.A., as Administrative Agent 

 

	RE:	 ABL Credit Agreement, dated as of October 2, 2018 among Basic Energy Services, Inc., a Delaware
corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, a Swing Line Lender and an L/C Issuer (as amended, restated, extended, supplemented or otherwise modified
in writing from time to time, the “Credit Agreement”) 

  

	DATE:	 [Date] (the “Effective Date”) 

[Name of Cash Management Bank/Hedge Bank] (the “Secured Party”) hereby notifies you, pursuant to the terms of the Credit Agreement,
that the Secured Party meets the requirements of a [Cash Management Bank] [Hedge Bank] under the terms of the Credit Agreement and is a [Cash Management Bank] [Hedge Bank] under the Credit Agreement and the other Loan Documents. The Secured Party
hereby agrees to be bound by Section 9.11 of the Credit Agreement. 
 [Describe Secured Cash Management Agreement or the Secured Hedge
Agreement between the applicable Loan Party and the Secured Party] 
  

	
	 
	 
	 
	 

 The maximum amount to be secured by the Collateral under the [Secured Cash Management Agreement][Secured Hedge Agreement]
described above is _____________ and the methodology used in calculating such amount is set forth below. 
 [Include methodology used to calculate
maximum amount of the Secured Cash Management Agreement or Secured Hedge Agreement to be secured by the Collateral] 
 Delivery of an
executed counterpart of a signature page of this notice by fax transmission or other electronic mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this notice. 

[Exhibit G to ABL Credit Agreement] 

 A duly authorized officer of the undersigned has executed this notice as of the Effective
Date. 
  

			
	 
	as a [Cash Management Bank] [Hedge Bank]
		
	By:	 	 
	Name:	 	 
	Title:	 	 

 [Exhibit G to ABL Credit Agreement] 

 EXHIBIT H 

FORM OF LETTER OF CREDIT REPORT 
  

	TO:	 Bank of America, N.A., as Administrative Agent 

 

	RE:	 ABL Credit Agreement, dated as of October 2, 2018, among Basic Energy Services, Inc., a Delaware
corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer (as amended, restated, extended, supplemented or otherwise modified
in writing from time to time, the “Credit Agreement”) 

  

	DATE:	 [Date] 

The undersigned, [insert name of L/C Issuer] (the “L/C Issuer”) hereby delivers this report to the Administrative Agent,
pursuant to the terms of Section 2.03(k) of the Credit Agreement. 
 The L/C Issuer plans to issue, amend, renew, increase or extend
the following Letter(s) of Credit on [insert date]. 
  

																					
	 L/C No.
	  	Maximum
Face
Amount	  	Current
Face
Amount	  	Currency	  	Financials or
Performance
SBLC	  	Beneficiary
Name	  	Issuance
Date	  	Expiry
Date	  	Auto
Renewal	  	Date of
Amendment	  	Amount of
Amendment

 [The L/C Issuer
made a payment, with respect to L/C No. ________, on [insert date] in the amount of $[____________]. 
 [The Borrower failed to reimburse
the L/C Issuer for a payment made in the amount of $[insert amount of such payment] pursuant to L/C No. _______ on [insert date of such failure].] 

[Exhibit H to ABL Credit Agreement] 

 Set forth in the table below is a description of each Letter of Credit issued by the
undersigned and outstanding on the date hereof. 
  

																					
	 L/C No.
	 	 Maximum
Face
Amount
	 	 Current
Face
Amount
	  	 Currency
	  	 Financials
or
Performance
SBLC
	  	 Beneficiary

Name
	  	 Issuance
Date
	  	 Expiry
Date
	  	 Auto
Renewal
	  	 Date of
Amendment
	  	 Amount
of
Amendment

Delivery of an executed counterpart of a signature page of this notice by fax transmission or other electronic mail transmission (e.g.,
“pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this notice. 
  

			
	 [L/C ISSUER],
 as L/C
Issuer

		
	By:	 	 
	Name:	 	
	Title:	 	

 [Exhibit H to ABL Credit Agreement] 

 EXHIBIT I-1 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the ABL Credit Agreement, dated as of October 2, 2018 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”) among Basic Energy Services, Inc., a Delaware corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of America,
N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer. 
 Pursuant to the provisions of Section 3.01 of the Credit
Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank
within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related
to the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Administrative Agent and the
Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN or IRS Form
W-8BEN-E (as applicable). By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned
shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the
calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

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

			
	[NAME OF LENDER]
		
	By:	 	 
	Name:	 	
	Title:	 	
		
	Date:	 	                             ,20[    ]

 [Exhibit I-1 to ABL Credit Agreement] 

 EXHIBIT I-2 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the ABL Credit Agreement, dated as of October 2, 2018 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”) among Basic Energy Services, Inc., a Delaware corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of America,
N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer. 
 Pursuant to the provisions of Section 3.01 of the Credit
Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of
Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Borrower as
described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E (as applicable). By executing
this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished such
Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

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

			
	[NAME OF PARTICIPANT]
		
	By:	 	 
	Name:	 	
	Title:	 	
		
	Date:	 	                             ,20[    ]

 [Exhibit I-2 to ABL Credit Agreement] 

 EXHIBIT I-3 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the ABL Credit Agreement, dated as of October 2, 2018 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”) among Basic Energy Services, Inc., a Delaware corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of America,
N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer. 
 Pursuant to the provisions of Section 3.01 of the Credit
Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such
participation, (iii) with respect to such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or
business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and
(v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the
following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or IRS Form
W-8BEN-E (as applicable) or (ii) an IRS Form W-8IMY accompanied by an IRS Form
W-8BEN or IRS Form W-8BEN-E (as applicable) from each of such partner’s/member’s beneficial owners that is claiming the
portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have
at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

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

			
	[NAME OF PARTICIPANT]
		
	By:	 	 
	Name:	 	
	Title:	 	
		
	Date:	 	                             ,20[    ]

 [Exhibit I-3 to ABL Credit Agreement] 

 EXHIBIT I-4 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the ABL Credit Agreement, dated as of October 2, 2018 (as amended, restated, extended, supplemented or
otherwise modified in writing from time to time, the “Credit Agreement”) among Basic Energy Services, Inc., a Delaware corporation (the “Borrower”), the Lenders from time to time party thereto, and Bank of America,
N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer. 
 Pursuant to the provisions of Section 3.01 of the Credit
Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect
partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to the Credit Agreement or any other Loan Document, neither the undersigned nor
any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its
direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to
the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Administrative Agent and the
Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form
W-8BEN or IRS Form W-8BEN-E (as applicable) or (ii) an IRS Form W-8IMY accompanied
by an IRS Form W-8BEN or IRS Form W-8BEN-E (as applicable) from each of such partner’s/member’s beneficial owners that
is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative
Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the
undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
  

			
	[NAME OF LENDER]
		
	By:	 	 
	Name:	 	
	Title:	 	
		
	Date:	 	                             ,20[    ]

 [Exhibit I-4 to ABL Credit Agreement] 

 EXHIBIT J 

FORM OF BORROWING BASE CERTIFICATE 
  

									
	Basic Energy Services, Inc.	 		  	Date Delivered
	  	 	                            	 
		 		  	Current Begin Date
	  	 	                            	 
		 		  	Current End Date	  	 	                            	 
		 		  		  			

 BORROWING BASE CERTIFICATE 

Line 
 As of
                          
  

					
	 1   Gross Accounts
	  			
	 2   Less: Total accounts not constituting Eligible
Accounts
	  			
		  	  
	  
	 
	 3   Eligible Accounts
	  			
	 4   Accounts advance rate
	  			
	 5   Accounts availability (Line 3 multiplied by
Line 4)
	  	 	85.00	% 
		  	  
	  
	 
	 6   Gross unbilled Accounts
	  			
		  	  
	  
	 
	 7   Less: Total accounts not constituting Eligible Unbilled
Accounts
	  			
		  	  
	  
	 
	 8   Eligible Unbilled Accounts
	  			
	 9   Unbilled Accounts advance rate
	  	 	80.00	% 
		  	  
	  
	 
	 10   Unbilled Accounts availability (lesser of Line 8
multiplied by Line 9 and $30,000,000)
	  			
		  	  
	  
	 
	 11   Total collateral availability (Line 5 plus Line
10)
	  			
		  	  
	  
	 
	 12   Bank Product Reserve
	  			
	 13   Rent and Charges Reserve
	  			
	 14   Accrued Royalties
	  			
	 15   Dilution Reserve
	  			
	 16   Aggregate amount of liabilities secured by Liens on the Collateral
senior to the Administrative Agent’s Liens
	  			
	 17   Other reserves
	  			
		  	  
	  
	 
	 18   Total Availability Reserve (Sum of Lines 12 through
17)
	  			
		  	  
	  
	 
	 19   Collateral availability less Availability Reserve (Line 11 minus
Line 18)
	  			
	 20   Aggregate Commitments
	  			
		  	  
	  
	 
	 21   Borrowing Base (lesser of Line 19 and Line 20)
	  			
		  	  
	  
	 

 Basic Energy Services, Inc., a Delaware corporation (the “Borrower”), by its duly authorized officer signing
below, hereby certifies that (a) the information set forth in this certificate is true and correct as of the date(s) indicated herein and (b) the Borrower is in compliance with all terms and provisions contained in that certain ABL Credit
Agreement (as amended, restated, supplemented or otherwise modified prior to the Effective Date, the “Credit Agreement”), among the Borrower, the lenders from time to time party thereto and Bank of America, NA., as administrative
agent (the “Administrative Agent”), and the other Loan Documents (as defined in the Credit Agreement). 
  

			
	Authorized Officer:	  	Title:
	Authorized Signature:	  	Date:

 Note: If this certificate is being transmitted electronically, the Borrower acknowledges that by entering the name of its duly
authorized officer on this certificate, such officer has reviewed this certificate in its entirety and affirmed the representations, warranties and certifications made by such officer on behalf of the Borrower herein. 

[Exhibit J to ABL Credit Agreement]EX-10.2

 Exhibit 10.2 

Execution Version 
  

 
  

SECURITY AGREEMENT 
 Dated
as of October 2, 2018 
 among 

BASIC ENERGY SERVICES, INC. 

and the other Debtors parties hereto 

in favor of 
 UMB BANK,
N.A., 
 as Collateral Agent 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	 PAGE
	 
		
	 ARTICLE 1 Definitions
	  	 	1	 
	 Section 1.01
	  	Terms Generally	  	 	1	 
	 Section 1.02
	  	Defined Terms	  	 	2	 
		
	 ARTICLE 2 Grant of Security Interest
	  	 	8	 
	 Section 2.01
	  	Grant of Security Interest	  	 	8	 
	 Section 2.02
	  	Avoidance Limitation	  	 	8	 
		
	 ARTICLE 3 Representations and Warranties
	  	 	9	 
	 Section 3.01
	  	Title; No Other Liens	  	 	9	 
	 Section 3.02
	  	Perfected First Priority Liens	  	 	9	 
	 Section 3.03
	  	Debtor’s Legal Name; Jurisdiction of Organization; Chief Executive Office	  	 	9	 
	 Section 3.04
	  	Certain Collateral	  	 	10	 
	 Section 3.05
	  	Investment Property and Instruments	  	 	10	 
	 Section 3.06
	  	Intellectual Property	  	 	11	 
	 Section 3.07
	  	Certificates of Title	  	 	11	 
	 Section 3.08
	  	Location of Collateral	  	 	11	 
		
	 ARTICLE 4 Covenants and Agreements
	  	 	12	 
	 Section 4.01
	  	Covenants in Priority Lien Debt Documents	  	 	12	 
	 Section 4.02
	  	Maintenance of Insurance	  	 	12	 
	 Section 4.03
	  	Maintenance of Collateral; Maintenance of Perfected Security Interest; Further Documentation; Filing Authorization; Further Assurances; Power of Attorney	  	 	12	 
	 Section 4.04
	  	Delivery of Instruments and Documents	  	 	14	 
	 Section 4.05
	  	Investment Property	  	 	15	 
	 Section 4.06
	  	Collateral Accounts	  	 	17	 
	 Section 4.07
	  	Intellectual Property	  	 	17	 
	 Section 4.08
	  	Equipment	  	 	19	 
	 Section 4.09
	  	Actions With Respect to Certain Collateral	  	 	20	 
		
	 ARTICLE 5 Limitation on Perfection of Security Interest
	  	 	20	 
	 Section 5.01
	  	Instruments	  	 	20	 
	 Section 5.02
	  	Documents	  	 	20	 
	 Section 5.03
	  	Letter of Credit Rights	  	 	21	 
	 Section 5.04
	  	Fixtures	  	 	21	 
	 Section 5.05
	  	Actions Outside United States	  	 	21	 
		
	 ARTICLE 6 Remedial Provisions
	  	 	21	 
	 Section 6.01
	  	General Interim Remedies	  	 	21	 
	 Section 6.02
	  	Instruments and Payment Intangibles	  	 	22	 
	 Section 6.03
	  	Pledged Equity	  	 	22	 
	 Section 6.04
	  	Foreclosure	  	 	23	 

  
 i 

							
	 Section 6.05
	  	Application of Proceeds	  	 	24	 
	 Section 6.06
	  	Waiver of Certain Rights	  	 	24	 
	 Section 6.07
	  	Remedies Cumulative	  	 	25	 
	 Section 6.08
	  	Reinstatement	  	 	25	 
		
	 ARTICLE 7 Miscellaneous
	  	 	25	 
	 Section 7.01
	  	Amendments	  	 	25	 
	 Section 7.02
	  	Notices	  	 	25	 
	 Section 7.03
	  	No Waiver by Course of Conduct; Cumulative Remedies; No Duty	  	 	25	 
	 Section 7.04
	  	Enforcement Expenses; Indemnification	  	 	25	 
	 Section 7.05
	  	Successors and Assigns	  	 	26	 
	 Section 7.06
	  	Counterparts	  	 	26	 
	 Section 7.07
	  	Severability	  	 	26	 
	 Section 7.08
	  	Section Headings	  	 	27	 
	 Section 7.09
	  	Integration	  	 	27	 
	 Section 7.10
	  	GOVERNING LAW ETC	  	 	27	 
	 Section 7.11
	  	Additional Debtors	  	 	27	 
	 Section 7.12
	  	Termination; Releases	  	 	27	 
	 Section 7.13
	  	Intercreditor Agreement	  	 	28	 
	 Section 7.14
	  	Collateral Agent	  	 	28	 

  
 ii 

 SCHEDULES 
  

			
	 Schedule 3.3(a)
	  	Organization & Location Information
	 Schedule 3.3(b)
	  	Notice Information
	 Schedule 3.4
	  	Certain Collateral
	 Schedule 3.5(a)
	  	Pledged Equity
	 Schedule 3.5(c)
	  	Instruments
	 Schedule 3.6
	  	Intellectual Property
		
	 ANNEXES
	  	
		
	 Annex I
	  	Security Agreement Supplement
	 Annex II
	  	Patent Security Agreement Supplement
	 Annex III
	  	Trademark Security Agreement Supplement
	 Annex IV
	  	Copyright Security Agreement Supplement

  
 iii 

 SECURITY AGREEMENT 

This SECURITY AGREEMENT dated as of October 2, 2018 (this “Agreement”), is among BASIC ENERGY SERVICES, INC., a Delaware
corporation (the “Issuer”), the undersigned subsidiaries of the Issuer (the Issuer and such undersigned subsidiaries collectively being the “Debtors”), and UMB BANK, N.A. in its capacity as collateral agent (in such
capacity, the “Collateral Agent”) for the benefit of the holders of the Secured Obligations (as defined below). 

INTRODUCTION 
 Reference
is made to (i) the Indenture dated as of October 2, 2018 (as amended, restated or otherwise modified from time to time, the “Indenture”), among the Issuer, the other Debtors, and UMB Bank, N.A., as indenture trustee (in
such capacity, the “Indenture Trustee”) and collateral agent pursuant to which the Issuer is issuing its 10.75% Senior Secured Notes due 2023 (the “Notes”) and the other Debtors have agreed to guarantee, among other
things, the full payment and performance of all of the Issuer’s obligations under the Notes and the Indenture and (ii) the Collateral Agency Agreement dated as of October 2, 2018 (as amended, restated or otherwise modified from time
to time, the “Collateral Agency Agreement”), among the Debtors, UMB Bank, N.A., as Indenture Trustee, representatives of the other holders of the Secured Obligations (as defined below) from time to time party thereto and UMB Bank,
N.A., as collateral agent (in such capacity, the “Collateral Agent”). 
 In connection with the Indenture and the
Collateral Agency Agreement, the Debtors are entering into this Agreement in order to secure the Debtors’ obligations under the Priority Lien Debt Documents and all other Secured Obligations (as defined below). 

The Debtors share an identity of interest as members of a combined group of companies and will derive substantial direct and indirect economic
and other benefits from the issuance of the Notes and incurrence of other Secured Obligations. Therefore, in consideration of the issuance of the Notes and other extensions of credit with respect to other Secured Obligations, the Debtors jointly and
severally agree with the Collateral Agent as follows: 
 ARTICLE 1 

DEFINITIONS 

Section 1.01 Terms Generally. 

(a) Terms defined above and elsewhere in this Agreement shall have their specified meanings. Capitalized terms used herein but not defined
herein shall have the meanings specified by the Collateral Agency Agreement and, to the extent not defined in the Collateral Agency Agreement, the Indenture. All terms used herein and defined in the UCC shall have the same definitions herein as
specified therein. 

 (b) Where the context requires, terms relating to the Collateral or any part thereof, when
used in relation to a Debtor, shall refer to such Debtor’s Collateral or the relevant part thereof. 
 Section 1.02 Defined
Terms. The following terms shall have the following meanings: 
 “ABL Collateral” means all of each Debtor’s right,
title, and interest in and to the following property, in each case whether now owned or existing or hereafter acquired or arising: 
 (a) all
Receivables (including unbilled accounts but excluding Accounts arising solely from the sale, assignment or other disposition of Collateral), Contracts, Chattel Paper and Inventory; 

(b) all Specified ABL Collateral; 

(c) all Deposit Accounts (other than Excluded Accounts) with any bank or other financial institution (including all cash, cash equivalents,
financial assets, negotiable instruments and other evidence of payment, and other funds on deposit therein or credited thereto); 
 (d) all
Securities Accounts (other than Securities Accounts that contain only the identifiable Proceeds of Collateral) with any securities intermediary (including any and all Investment Property and all funds or other property held therein or credited
thereto); 
 (e) all Commodity Accounts (other than Commodity Accounts that contain only the identifiable Proceeds of Collateral) with any
commodities intermediary (including any and all commodity contracts and all funds and other property held therein or credited thereto); 

(f) all Records relating to the foregoing and all accessions to, substitutions for and replacements of the foregoing, together with all
customer lists, credit files, computer files, programs, printouts and other computer materials and records related thereto; and 
 (g) to
the extent not otherwise included, all Proceeds (including without limitation, all business interruption insurance and other insurance proceeds related to the above), Supporting Obligations and products of any and all of the foregoing and all
collateral security and guarantees given by any Person with respect to any of the foregoing. 
 “Collateral” has the
meaning specified in Section 2.01. 
 “Collateral Account” means, collectively, any Deposit or Securities Account that
is maintained solely to hold identifiable cash and cash equivalents received from Asset Sales of Collateral, an event of loss relating to Collateral, foreclosures on or sales of Collateral or any other awards or proceeds of Collateral pursuant to
the Security Documents, including earnings, revenues, rents, issues, profits and income from the Collateral received pursuant to the Security Documents, and interest earned thereon. 

  
 2 

 “Contracts” means all contracts, undertakings, or agreements (other than
rights evidenced by Chattel Paper, Documents or Instruments) with any customer of any Debtor to which any Debtor now is, or hereafter will be, bound or a party, beneficiary or assignee thereof or thereto, in any event, including all contracts,
undertakings, or agreements in or under which any Debtor may now or hereafter have any right, title or interest, including any agreement relating to the terms of payment or the terms of performance of any Receivable. 

“Control Agreement” means an agreement, in form and substance satisfactory to the Collateral Agent, among any Debtor, a
banking institution or securities intermediary, as applicable, holding such Debtor’s funds and/or securities, and the Collateral Agent with respect to collection and control of all deposits, securities and other balances held in an account
maintained by such Debtor with such banking institution or securities intermediary. 
 “Copyrights” means all of the
following now owned or hereafter acquired by any Debtor: (a) all copyright rights in any work subject to the copyright laws of the United States or any other country, whether as author, assignee, transferee or otherwise, and (b) all
registrations and applications for registration of any such copyright in the United States or any other country and all extensions and renewals thereof, including registrations, recordings, supplemental registrations and pending applications for
registration in the United States Copyright Office, including, without limitation, those listed in Schedule 3.6. 
 “Copyright
Licenses” means any written agreement naming any Debtor as licensor or licensee (including, without limitation, those listed in Schedule 3.6), granting any right under any Copyright, including, without limitation, the grant of rights
to manufacture, distribute, exploit and sell materials derived from any Copyright. 
 “Copyright Security Agreement
Supplement” means a supplement to this Agreement by each applicable Debtor in favor of the Collateral Agent (for the benefit of the holders of the Secured Obligations), substantially in the form of Annex IV hereto. 

“Deposit Accounts” means all “deposit accounts” (as defined in the UCC) now or hereafter held in the name of
any Debtor. 
 “Equipment” means all of each Debtor’s present or future owned or leased fixtures and equipment
wherever located, including drilling platforms and Rigs and remotely operated vehicles, trenchers, and other equipment used by any Debtor for the provision of construction services, well operations services, oil and gas production services, contract
drilling services, fluid services or other services, trucks, vehicles, motor vehicles, rolling stock, vessels, aircraft, tanks, well service units and equipment, fracturing test tanks, pumping equipment, fluid services equipment, disposal facilities
and any manuals, instructions, blueprints, computer software (including software that is imbedded in and part of the equipment) and similar items which relate to the above, together with all parts thereof and all accessions and additions thereto.

  
 3 

 “Excluded Accounts” means, collectively, (a) Collateral Accounts,
(b) Deposit Accounts exclusively used for payroll, payroll taxes or employee benefits and (c) Deposit Accounts that have a balance of less than $250,000 at all times; provided that the aggregate balance of all such Deposit Accounts
described under this clause (c) shall not exceed $2,000,000 in the aggregate at any time. 
 “Excluded Property” means
the “Excluded Property” as defined in the Indenture. 
 “Fixtures” means any fixture or fixtures now or hereafter
owned or leased by any of the Debtors, or in which any of the Debtors holds or acquires any other right, title or interest, constituting “fixtures” under the UCC. 

“Intellectual Property” means all intellectual and similar property of any Debtor of every kind and nature now owned or
hereafter acquired by any Debtor, including inventions, designs, Patents, Patent Licenses, Trademarks, Trademark Licenses, Copyrights, Copyright Licenses, domain names and domain name registrations, trade secrets, confidential or proprietary
technical and business information, know-how or other data or information, software and databases and all embodiments or fixations thereof and related documentation, registrations and franchises, licenses for
any of the foregoing and all license rights, and all additions, improvements and accessions to, and books and records describing or used in connection with, any of the foregoing. 

“Inventory” means all of each Debtor’s present and future inventory, wherever located, including inventory, merchandise,
goods and other personal property that are held by or on behalf of any Debtor for sale or lease or are furnished or are to be furnished under a contract of service, or that constitute raw materials, work in process, finished goods, returned goods,
or materials or supplies of any kind, nature or description used or consumed or to be used or consumed in such Debtor’s business or in the processing, production, packaging, promotion, delivery or shipping of the same, including all supplies,
and embedded software. “Inventory” shall also include inventory in joint production with another person, inventory in which any Debtor has an interest as consignor, and inventory that is returned to or stopped in transit by any Debtor, and
all combinations and products thereof; provided, that, for the avoidance of doubt, Inventory does not include Titled Equipment. 

“Investment Property” means, other than any investment property constituting Excluded Property, all Equity Interests and
other investment property now owned or hereafter acquired by any Debtor, including all securities, whether certificated or uncertificated. 

“Licenses” means any Patent License, Trademark License, Copyright License or other license or sublicense to which any Debtor
is a party, including any franchises, permits, certificates, licenses, authorizations and the like and any other requirements of any government or any commission, board, court, agency, instrumentality or political subdivision thereof. 

  
 4 

 “Material Real Property” has the meaning ascribed to this term in the
Indenture. 
 “Patents” means all of the following now owned or hereafter acquired by any Debtor: 

(a) all letters patent of the United States or any other country, all registrations and recordings thereof, and all applications for letters
patent of the United States or any other country, including registrations, recordings and pending applications in the United States Patent and Trademark Office or in any similar office or agency of the United States, any State thereof, or any other
country, including, without limitation, any of the foregoing referred to in Schedule 3.6, and 
 (b) all reissues, continuations,
divisions, continuations-in-part, renewals or extensions thereof, and the inventions disclosed or claimed therein, including the right to make, use and/or sell the
inventions disclosed or claimed therein. 
 “Patent License” means all agreements, whether written or oral, providing for
the grant by or to any Debtor of any right to manufacture, use or sell any invention covered in whole or in part by a Patent, including, without limitation, any of the foregoing referred to in Schedule 3.6). 

“Patent Security Agreement Supplement” means a supplement to this Agreement by each applicable Debtor in favor of the
Collateral Agent (for the benefit of the holders of the Secured Obligations), substantially in the form of Annex II hereto. 

“Payment Item” each check, draft or other item of payment payable to a Debtor that constitutes proceeds of any Collateral.

 “Perfection Certificate” means that certain Perfection Certificate dated as of October 2, 2018, delivered by the
Debtors to the Collateral Agent. 
 “Permitted Liens” means any Liens that are permitted under Section 3.6 of the
Indenture and each of the other Priority Lien Debt Documents (for the avoidance of doubt, no Lien shall be a Permitted Lien if it is not permitted under Section 3.6 of the Indenture or any of the other Priority Lien Debt Documents). 

“Permitted Prior Liens” has the meaning ascribed to this term in the Indenture. 

“Permitted Titled Equipment Lien” means a Permitted Prior Lien on Titled Equipment for which the lienholder has perfected its
security interest by notation of the certificate of title with respect to such Titled Equipment. 
 “Pledged Equity” means,
with respect to each Debtor, (a) other than any shares or equity interests constituting Excluded Property, all shares or other Equity Interests held by such Debtor in any corporations or other entities (including, without limitation, those
corporations or other entities described in Schedule 3.5(a) that are directly held by such Debtor), together with all warrants to purchase, all depositary shares and all other rights of such Debtor in respect of such equity interests,
(b) all certificates, instruments or other documents evidencing same and registered or held in the name of, or otherwise in the 

  
 5 

 
possession of, such Debtor, and (c) all present and future payments, dividend distributions, instruments, compensation, property, assets, interests and rights in connection with or related
to the equity interests described in clause (a) above, and all monies due or to become due and payable to such Debtor in connection with or related to such equity interests or otherwise paid, issued or distributed in respect of or in exchange
therefor (including, without limitation, all proceeds of dissolution or liquidation). 
 “Priority Lien Obligations” has
the meaning ascribed to this term in the Collateral Agency Agreement. 
 “Proceeds” means all of each Debtor’s present
and future (a) proceeds of the Collateral, whether arising from the collection, sale, lease, exchange, assignment, licensing, or other disposition of the Collateral, (b) any and all payments (in any form whatsoever) made or due and payable
from time to time in connection with any requisition, confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any Governmental Authority (or any person acting under color of governmental authority), (c) claims
against third parties for impairment, loss, damage, or impairment of the value of such property, and (d) any and all proceeds of, and all claims for, any insurance (other than business interruption insurance), indemnity, warranty or guaranty
payable from time to time with respect to any of the Collateral. 
 “Receivables” means all of each Debtor’s present
and future Accounts, Accounts from Governmental Authorities, and Payment Intangibles, including those arising from the provision of services, sale of Inventory, or renting of equipment to the customers of any Debtor, and rights to payment under all
Contracts, income tax refunds, and other rights to the payment of money, together with all of the right, title and interest of any of the Debtors in and to (a) all security pledged, assigned, hypothecated or granted to or held by any of the
Debtors to secure the foregoing, (b) all of any of the Debtors’ right, title and interest in and to any goods or services, the sale of which gave rise thereto, (c) all guarantees, endorsements and indemnifications on, or of, any of
the foregoing, (d) all powers of attorney granted to any of the Debtors for the execution of any evidence of indebtedness or security or other writing in connection therewith, (e) all credit information, reports and memoranda relating
thereto, and (f) all other writings related in any way to the foregoing. 
 “Records” means all of each Debtor’s
present and future books, accounting records, files, computer files, computer programs, correspondence, credit files, records, ledger cards, invoices, and other records primarily related to any other items of Collateral, including without limitation
all similar information stored on a magnetic medium or other similar storage device and other papers and documents in the possession or under the control of any of the Debtors or any computer bureau from time to time acting for any of the Debtors.

 “Rigs” means all of each Debtor’s present and future well service rigs, contract drilling rigs and any other
onshore or offshore rigs of each Debtor. 

  
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 “Secured Obligations” means (a) all principal, interest, premium
(including any prepayment premiums, fees and make-whole amounts), fees, reimbursements, indemnifications, and other amounts now or hereafter owed by the Issuer and the other Debtors that constitute Priority Lien Obligations (including any additional
obligations that are from time to time designated as Priority Lien Obligations) and (b) any increases, extensions, renewals, replacements, and rearrangements of the foregoing Priority Lien Obligations under any amendments, supplements, and
other modifications of the agreements creating the foregoing obligations, in each case, whether direct or indirect, absolute or contingent. 

“Securities Accounts” means all securities accounts (as defined in the UCC) now or hereafter held in the name of any Debtor.

 “Specified ABL Collateral” means all General Intangibles (excluding Trademarks, Patents, Copyrights and other
Intellectual Property), Investment Property, Instruments, Documents, Letter-of-Credit Rights, Commercial Tort Claims and Supporting Obligations, in each case pertaining
to the property described in clause (a) of the definition of ABL Collateral. 
 “State of Organization” means the
jurisdiction of organization of each of the Debtors as listed on Schedule 3.3(a). 
 “Supporting Obligations” means
all supporting obligations, including letters of credit and guaranties issued in support of Documents, General Intangibles, Instruments, or Investment Property. 

“Titled Equipment” means any and all Equipment represented (or required to be represented) by a certificate of title issued
under the laws of a State in the United States. 
 “Trademarks” means all of the following now owned or hereafter acquired
by any Debtor: all trademarks, service marks, trade names, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers, designs and general intangibles of like
nature, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all registration and recording applications filed in connection therewith, including registrations and registration applications in the United
States Patent and Trademark Office, any State of the United States or any similar offices in any other country or any political subdivision thereof, and all extensions or renewals thereof, including, without limitation, any of the foregoing referred
to in Schedule 3.6. 
 “Trademark License” means any agreement, whether written or oral, providing for the grant by or
to any Debtor of any right to use any Trademark, including, without limitation, any of the foregoing referred to in Schedule 3.6. 

“Trademark Security Agreement Supplement” means a supplement to this Agreement, by each applicable Debtor in favor of the
Collateral Agent (for the benefit of the holders of the Secured Obligations), substantially in the form of Annex III hereto. 

“UCC” means the Uniform Commercial Code as in effect on the date hereof in the State of New York, as amended from time to
time, and any successor statute. 

  
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 ARTICLE 2 

GRANT OF SECURITY INTEREST 

Section 2.01 Grant of Security Interest. Each Debtor hereby grants to the Collateral Agent, for the benefit of the holders of the
Secured Obligations, a security interest in all of such Debtor’s right, title, and interest in and to the following property, whether now owned or hereafter acquired (the “Collateral”) to secure the payment and performance of
the Secured Obligations: 
 (a) all Equipment; 

(b) all Fixtures related to Material Real Property; 

(c) all Intellectual Property; 

(d) all Investment Property (including without limitation the Pledged Equity), all Commercial Tort Claims, all Documents, all General
Intangibles, all Instruments and all Letter of Credit Rights, in each case, for the avoidance of doubt, not constituting ABL Collateral; 

(e) all Collateral Accounts; 

(f) all Records relating to the foregoing and all additions, accessions and improvements to, all substitutions and replacements of the
foregoing, and 
 (g) to the extent not otherwise included, all Proceeds of the foregoing, Supporting Obligations and products of any
and all of the foregoing and all collateral security and guarantees given by any Person with respect to any of the foregoing; 
 provided, however, that
notwithstanding anything to the contrary contained herein or in any other Priority Lien Debt Document, this Agreement shall not constitute nor evidence a grant of a security interest, collateral assignment or any other type of Lien in Excluded
Property provided further, that the Proceeds of Excluded Property shall not constitute Excluded Property solely by virtue of being Proceeds thereof but only to the extent that such Proceeds otherwise independently constitute Excluded Property
hereunder. 
 To the extent that the Collateral is not subject to the UCC, each Debtor collaterally assigns all of such Debtor’s right, title, and
interest in and to such Collateral to the Collateral Agent, for the benefit of the holders of the Secured Obligations, to secure the payment and performance of the Secured Obligations to the full extent that such a collateral assignment is possible
under the relevant Law. 
 Section 2.02 Avoidance Limitation. Notwithstanding Section 2.01 above, the amount of any
Debtor’s Secured Obligations that are secured by its rights in Collateral subject to a Lien in favor of the Collateral Agent hereunder or under any other Security Document shall be limited to the extent, if any, required so that the Liens it
has granted under this Agreement shall not be subject to avoidance under Section 548 of the Bankruptcy Code of the United States or to being set aside or annulled under any applicable Law relating to fraud on creditors. In determining the
limitations, if any, on the amount of any Debtor’s Secured Obligations that are subject to the Lien on such Debtor’s Collateral hereunder pursuant to the preceding sentence, it is the intention of the parties hereto that any rights of
subrogation or contribution which such Debtor may have under the Guaranty, any other agreement or applicable Law shall be taken into account. 

  
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 ARTICLE 3 

REPRESENTATIONS AND WARRANTIES 

To induce the Holders to purchase Notes from the Issuer under the Indenture and each other holder of Secured Obligations to extent credit
under Priority Lien Debt Documents, each Debtor hereby represents and warrants to the Collateral Agent, for the benefit of the holders of the Secured Obligations, that: 

Section 3.01 Title; No Other Liens. Except for the security interests granted to the Collateral Agent for the benefit of the
holders of the Secured Obligations pursuant to this Agreement and the other Permitted Liens, such Debtor owns each item of the Collateral free and clear of any and all Liens or claims of others. No financing statement or other public notice with
respect to all or any part of the Collateral is on file or of record in any public office, except such (a) as have been filed in favor of the Collateral Agent, for the benefit of the holders of the Secured Obligations, pursuant to this
Agreement, and (b) as are permitted by the Priority Lien Debt Documents. 
 Section 3.02 Perfected First Priority Liens.
The security interests granted pursuant to this Agreement (a) upon completion of the filing of a financing statement with respect to each Debtor describing the Collateral in the office located in the jurisdiction listed on Schedule 3.3(a)
opposite such Debtor, the recording in the United States Patent and Trademark Office of the Trademark Security Agreement Supplement and the Patent Security Agreement Supplement and in the United States Copyright Office of the Copyright Security
Agreement Supplement, as applicable, and the taking of all applicable actions in respect of perfection contemplated by Sections 4.04, 4.05, 4.06, 4.08 and 4.09 in respect of Collateral (in which a security interest cannot be perfected by the
filing of a financing statement or such recordings in the United States Patent and Trademark Office or the United States Copyright Office), will constitute valid perfected security interests in all of the Collateral subject to Article 9 of the
UCC in favor of the Collateral Agent, for the benefit of the holders of the Secured Obligations, as collateral security for such Debtor’s Secured Obligations, enforceable in accordance with the terms hereof and the UCC against all creditors of
such Debtor and any Persons purporting to purchase any Collateral from such Debtor and (b) are prior to all other Liens on the Collateral except for Permitted Prior Liens (and subject to the limitations on perfection and method of perfection
provided in Article 5). 
 Section 3.03 Debtor’s Legal Name; Jurisdiction of Organization; Chief Executive
Office. On the date of this Agreement, each Debtor’s exact legal name is set forth on the signature page hereof, and from and after an amendment or modification thereto, on a written notification delivered to the Collateral Agent pursuant
to Section 11.4(a) of the Indenture. On the date hereof, such Debtor’s jurisdiction of organization, type of legal entity, organizational identification number from the jurisdiction of organization (if any), and the location of such
Debtor’s chief executive office or sole place of business or principal residence, as the case may be, are specified on Schedule 3.3(a). 

  
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 Section 3.04 Certain Collateral. None of the Collateral constitutes, or is the
Proceeds of, farm products and none of the Collateral has been purchased for, or will be used by any Debtor primarily for personal, family or household purposes. Except as set forth on Schedule 3.4 or Schedule 3.6 or otherwise notified to the
Collateral Agent pursuant to Sections 4.07, 4.08 or 4.09, respectively: 
 (a) such Debtor holds no Commercial Tort Claims; 

(b) such Debtor holds no interest in, title to or power to transfer, any Patents, Trademarks or Copyrights; 

(c) such Debtor holds no interest in, title to or power to transfer any Intellectual Property that is registered or for which an application
has been filed in the United States Patent and Trademark Office or the United States Copyright Office; 
 (d) such Debtor owns no vessels or
aircraft. 
 Section 3.05 Investment Property and Instruments. (a) Each Debtor is the legal and beneficial owner of the
Pledged Equity as set forth on Schedule 3.5(a). The Pledged Equity has been duly authorized and validly issued, is fully paid and non-assessable and is not subject to the rights of any person to acquire
such Pledged Equity, and none of the Pledged Equity constitutes margin stock (within the meaning of Regulation U issued by the FRB). Except as set forth on Schedule 3.5(a), on the date hereof, the Pledged Equity constitutes all of the issued
and outstanding shares of stock or other equity interests of each of the respective issuers thereof and no such issuer has any obligation to issue any additional shares of stock or other equity interests or rights or options thereto. 

(b) Except for filings contemplated by this Agreement and as may be required in connection with any disposition of any portion of the Pledged
Equity by laws affecting the offering and sale of securities generally, no consent of any Person and no license, permit, approval or authorization of, exemption by, notice or report to, or registration, filing or declaration with, any Governmental
Authority is required in connection with (i) the execution, delivery, performance, validity or enforceability of this Agreement, (ii) the perfection or maintenance of the security interest created hereby (including the first or second
priority nature thereof), or (iii) the exercise by the Collateral Agent of the rights provided for in this Agreement. 
 (c) Each of
the Instruments pledged by such Debtor hereunder constitutes the legal, valid and binding obligation of the obligor with respect thereto, enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, and general principles of equity. Schedule 3.5(c) lists all of the Instruments issued to or held by each Debtor as of the
date hereof. 

  
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 (d) Such Debtor is the record and beneficial owner of, and has good title to the Investment
Property pledged by it hereunder, free of any and all Liens or options in favor of, or claims of, any other Person, except the security interest created by this Agreement and other Permitted Liens. 

Section 3.06 Intellectual Property. (a) Schedule 3.6 lists all Intellectual Property necessary for the conduct of such
Debtor’s business as currently conducted that is owned by such Debtor in its own name on the date hereof. 
 (b) On the date hereof,
all material Intellectual Property of such Debtor described on Schedule 3.6 is valid, subsisting, unexpired and enforceable, has not been abandoned and does not infringe the intellectual property rights of any other Person in any material
respect. 
 (c) Except as set forth in Schedule 3.6, on the date hereof, none of such Intellectual Property is the subject of any
licensing or franchise agreement pursuant to which such Debtor is the licensor or franchisor. 
 (d) No holding, decision or judgment has
been rendered by any Governmental Authority which would limit, cancel or question the validity of, or such Debtor’s rights in, any such Intellectual Property in any respect that could reasonably be expected to have a Material Adverse Effect.

 Section 3.07 Certificates of Title. The Perfection Certificate delivered to the Collateral Agent lists each item of Titled
Equipment owned by a Debtor as of the date set forth therein which is located in a state where applicable Law requires the issuance of a certificate of title for such item of Titled Equipment and, to the extent listed therein, the owner,
jurisdiction of registration, make, model and serial or vehicle identification number of each item of such Titled Equipment. The Collateral Agent may conclusively rely on such Perfection Certificate. 

Section 3.08 Location of Collateral. All tangible items of Collateral, other than Equipment which is located at customer job
sites, being used by employees in the ordinary course of business or being refurbished or repaired, shall at all times be kept by the Debtors at the business locations set forth in the Perfection Certificate delivered to the Collateral Agent as of
the date set forth therein or such other locations inside the United States as the Issuer may specify in a written notice to the Collateral Agent, except that Debtors may (a) make dispositions of Collateral in accordance with
Section 4.09(b) hereof, Section 3.5 of the Indenture and similar provisions of each of the other Priority Lien Debt Documents (provided, for the avoidance of doubt, that no disposition of Collateral shall be permitted hereunder unless it
is made in accordance with each of Section 4.09(b) hereof, Section 3.5 of the Indenture and similar provisions of each of the other Priority Lien Debt Documents); and (b) move Collateral to another location in the United States, upon
ten (10) Business Days prior written notice to the Collateral Agent. 

  
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 ARTICLE 4 

COVENANTS AND AGREEMENTS 

Each Debtor covenants and agrees with the Collateral Agent and the holders of the Secured Obligations that, from and after the date of this
Agreement until this Agreement terminates in accordance with Section 7.12(a): 
 Section 4.01 Covenants in Priority Lien
Debt Documents. Such Debtor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be taken or not taken, as the case may be, so that no Priority Lien Debt Default and no event that is or with the passage
of time or the giving of notice (or both) would be a Priority Lien Debt Default is caused by the failure to take such action or to refrain from taking such action by such Debtor or any of its Restricted Subsidiaries. 

Section 4.02 Maintenance of Insurance. Such Debtor will comply with the provisions of the Indenture and the other Priority Lien
Debt Documents governing the maintenance of insurance for any of its assets constituting Collateral. All policies representing liability insurance of the Debtors shall name the Collateral Agent as additional insured in a form reasonably satisfactory
to the Collateral Agent and all policies representing casualty insurance of the Debtors insuring Collateral shall name the Collateral Agent as loss payee in a form reasonably satisfactory to the Collateral Agent. 

Section 4.03 Maintenance of Collateral; Maintenance of Perfected Security Interest; Further Documentation; Filing Authorization;
Further Assurances; Power of Attorney. (a) Such Debtor shall maintain the Collateral that is material to the conduct of their respective businesses in good and insurable operating order, condition and repair. The Debtors shall pay all real
estate and other taxes (except such as are contested in good faith and by appropriate negotiations or proceedings), and maintain in full force and effect all material permits, except, in each case, where the failure to effect such payment or
maintain such permits is not adverse in any material respect to the holders of the Secured Obligations. 
 (b) Such Debtor shall maintain
the security interest created by this Agreement as a perfected first priority security interest prior to all other Liens other than Permitted Prior Liens (and subject to the limitations on perfection and method of perfection provided in
Article 5) and shall defend such security interest against the claims and demands of all Persons whomsoever. 
 (c) Such Debtor will
furnish to the Collateral Agent from time to time (as set forth in the Indenture and the other Priority Lien Debt Documents) statements, schedules and perfection certificates (or supplements thereto) further identifying and describing the assets and
property of such Debtor and such other reports in connection with the Collateral as the Collateral Agent may reasonably request, all in reasonable detail. 

(d) Subject in each case to Article 5 and the Intercreditor Agreement (if applicable), each Debtor further agrees to take any other
action reasonably requested by the Collateral Agent to ensure the attachment, perfection and priority of, and the ability of the Collateral Agent to enforce, the security interest in any and all of the Collateral

  
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including, without limitation, (i) executing, delivering and, where appropriate, filing financing statements and amendments relating thereto under the UCC, to the extent, if any, that any
Debtor’s signature thereon is required therefor; (ii) causing the Collateral Agent’s name to be noted as secured party on any certificate of title for a titled good if such notation is a condition to attachment, perfection or priority
of, or ability of the Collateral Agent to enforce, the security interest in such Collateral; (iii) complying with any provision of any statute, regulation or treaty of the United States or any other country as to any Collateral if compliance
with such provision is a condition to the attachment, perfection or priority of, or the ability of the Collateral Agent to enforce, the security interest in such Collateral; and (iv) taking all actions required by the UCC or by other law, as
applicable in any relevant Uniform Commercial Code jurisdiction, or by other law as applicable in any foreign jurisdiction. 
 (e) Each
Debtor hereby irrevocably authorizes the Collateral Agent, as directed by an Act of Required Priority Lien Debtholders, or its designee at any time and from time to time to file in any jurisdiction in which the Uniform Commercial Code has been
adopted any initial financing statements and amendments thereto that describe the Collateral and contain any other information required by the UCC for the sufficiency or filing office acceptance of any initial financing statement or amendment. Each
Debtor agrees to furnish any such information to the Collateral Agent promptly upon request. Each Debtor also ratifies its authorization for the Collateral Agent or its designee to have filed in any Uniform Commercial Code jurisdiction any like
initial financing statements or amendments thereto if filed prior to the date hereof and in respect of this Agreement. Notwithstanding the authorization provided to the Collateral Agent in this Section 4.03(e), each Debtor
shall be responsible for filing (and in furtherance of such obligation, each Debtor is hereby authorized to file) (i) any and all financing statements, (ii) continuations thereof and (iii) amendments thereto approved or requested by
the Collateral Agent and, in each case, shall promptly furnish copies of the filed statements to the Collateral Agent. 
 (f) During the
existence of a Priority Lien Debt Default, subject to the Intercreditor Agreement: 
 (i) At the Collateral Agent’s
request, each Debtor shall take any actions reasonably requested by the Collateral Agent with respect to such Priority Lien Debt Default, including diligently endeavoring to cure any material defect existing or claimed with respect to any
Collateral, and taking all reasonably necessary and desirable steps for the defense of any legal proceedings affecting any Collateral, including the employment of counsel, the prosecution or defense of litigation, and the release or discharge of all
adverse claims; 
 (ii) The Collateral Agent, whether or not named as a party to any legal proceedings, is authorized to take
any additional steps as the Collateral Agent deems necessary or desirable for the defense of any such legal proceedings or the protection of the validity or priority of this Agreement and the liens, security interests, and assignments created
hereunder, including the employment of independent counsel, the prosecution or defense of litigation, the compromise or discharge of any adverse claims made with respect to any Collateral and the payment or removal of prior liens or security
interests, and the reasonable expenses of the Collateral Agent in taking such action shall be paid by the Debtors; and 

  
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 (iii) Each Debtor agrees that, if such Debtor fails to perform under this
Agreement or any other Priority Lien Debt Document, the Collateral Agent may, but shall not be obligated to, perform such Debtor’s obligations under this Agreement or such other Priority Lien Debt Document, and any reasonable expenses incurred
by the Collateral Agent in performing such Debtor’s obligations shall be paid by such Debtor. Any such performance by the Collateral Agent may be made in good faith by the Collateral Agent in reliance on any statement, invoice, or claim,
without inquiry into the validity or accuracy thereof. The amount and nature of any expense of the Collateral Agent hereunder shall be conclusively established by a certificate of any officer of the Collateral Agent absent manifest error. 

(g) Each Debtor hereby irrevocably constitutes and appoints the Collateral Agent (and all Persons designated by the Collateral Agent) as such
Debtor’s true and lawful attorney (and agent-in-fact) for the purposes provided in this clause (g). The Collateral Agent, or the Collateral Agent’s
designee, may, without notice and in either its or a Debtor’s name, but at the cost and expense of Debtors: 
 (i)
Endorse a Debtor’s name on any Payment Item constituting Proceeds of Collateral or other Proceeds of Collateral (including proceeds of insurance) that come into the Collateral Agent’s possession or control; and 

(ii) During a Priority Lien Debt Default, (A) sell or assign any Collateral upon such terms, for such amounts and at such
times as the Collateral Agent deems advisable; (B) collect, liquidate and receive balances in Collateral Accounts and take control, in any manner, of proceeds of Collateral; (C) endorse any Document, Instrument, bill of lading, or other
document or agreement relating to any Equipment or other Collateral; (D) use information contained in any data processing, electronic or information systems relating to Collateral; (E) make and adjust claims under insurance policies that
insure Collateral; (F) take any action as may be necessary or appropriate to obtain payment under any letter of credit, banker’s acceptance or other instrument for which a Debtor is a beneficiary and that constitutes Collateral; and
(G) take all other actions as Collateral Agent deems appropriate to fulfill any Debtor’s obligations under the Priority Lien Debt Documents. 

Section 4.04 Delivery of Instruments and Documents. If any amount payable under or in connection with any of the Collateral is or
becomes evidenced by any Instrument, such Instrument shall, to the extent required by Article 5 and subject to the Intercreditor Agreement (if applicable), be immediately delivered to the Collateral Agent, duly indorsed, to be held as
Collateral pursuant to this Agreement. If any good constituting Collateral are or become covered by a negotiable Document, such Document shall, to the extent required by Article 5, be immediately delivered to the Collateral Agent to be held as
Collateral pursuant to this Agreement. 

  
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 Section 4.05 Investment Property. With respect to Investment Property (other
than Excluded Property) and Pledged Equity: 
 (a) If any Debtor shall at any time hold or acquire any Pledged Equity which consists of
certificated securities, whether as a stock split, stock dividend, or other distribution with respect to Pledged Equity, or otherwise, such Debtor shall promptly, and in any event within thirty (30) days after receipt thereof, subject to the
Intercreditor Agreement (if applicable), deliver the same to the Collateral Agent, accompanied by such instruments of transfer or assignment duly executed in blank as the Collateral Agent may from time to time specify. If any Pledged Equity now
owned or hereafter acquired by any Debtor consists of uncertificated securities and is issued to such Debtor or its nominee directly by the issuer thereof, such Debtor shall immediately notify the Collateral Agent in writing thereof, and, subject to
the Intercreditor Agreement (if applicable), shall take any actions reasonably requested by the Collateral to enable the Collateral Agent to obtain “control” (within the meaning of Section 8-106
of the UCC) with respect thereto. If any Pledged Equity, whether certificated securities or uncertificated securities, or other Investment Property constituting Collateral now or hereafter acquired by any Debtor is held or acquired by such Debtor or
its nominee through a securities intermediary or commodity intermediary, such Debtor shall immediately notify the Collateral Agent in writing thereof and, subject to the Intercreditor Agreement (if applicable), shall take any actions reasonably
requested by the Collateral Agent to enable the Collateral Agent to obtain “control” (within the meaning of Section 8-106 and/or Section 9-106 of the
UCC, as applicable) with respect thereto, including the execution of Control Agreements reasonably acceptable to the Collateral Agent. To the extent that the Collateral Agent has the right pursuant to the foregoing to give entitlement orders or
instructions or directions to any issuer, securities intermediary or commodity intermediary or to withhold its consent to the exercise of any withdrawal or dealing rights by any Debtor, the Collateral Agent agrees with each Debtor that the
Collateral Agent shall not give any such entitlement orders or instructions or directions to any such issuer, securities intermediary or commodity intermediary, and shall not withhold its consent to the exercise of any withdrawal or dealing rights
by any Debtor, unless a Priority Lien Debt Default has occurred and is continuing. 
 (b) So long as no Priority Lien Debt Default has
occurred and is continuing, each Debtor shall be entitled: 
 (i) to exercise, in a manner not inconsistent with the terms
hereof, the voting power with respect to the Pledged Equity of such Debtor, and for that purpose the Collateral Agent shall (if any Pledged Equity shall be registered in the name of the Collateral Agent or its nominee) execute or cause to be
executed from time to time, at the expense of the Issuer, such proxies or other instruments in favor of such Debtor or its nominee, in such form and for such purposes as shall be reasonably requested by such Debtor, to enable it to exercise such
voting power with respect to the Pledged Equity; and 
 (ii) except as otherwise provided herein or in the Indenture, to
receive and retain for its own account any and all payments, proceeds, dividends, distributions, property, assets, or rights to the extent such are permitted pursuant to the terms of the Indenture, other than (x) stock or liquidating dividends
or (y) other 

  
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dividends or other amounts payable under or in connection with any recapitalization, restructuring, or other non-ordinary course event (the dividends and
amounts in this clause (y) being “Extraordinary Payments”), paid, issued or distributed from time to time in respect of the Pledged Equity. During the continuation of a Priority Lien Debt Default, if any Extraordinary Payment
is paid or payable, then, subject to the Intercreditor Agreement (if applicable), such sum shall be paid by each such Debtor to the Collateral Agent promptly, and in any event within ten (10) Business Days after receipt thereof, to be held by
the Collateral Agent, for the benefit of the holders of the Secured Obligations, as additional collateral hereunder. 
 (c) Upon the
occurrence and during the continuance of any Priority Lien Debt Default, all rights of each Debtor to exercise or refrain from exercising the voting and other consensual rights that it would otherwise be entitled to exercise pursuant to
Section 4.05(b) and to receive the payments, proceeds, dividends, distributions, property, assets, or rights that the Debtor would otherwise be authorized to receive and retain pursuant to Section 4.05(b) shall cease, and thereupon the
Collateral Agent, at the direction of the Required Priority Lien Debtholders by an Act of Required Priority Lien Debtholders (or otherwise, as set forth in the Collateral Agency Agreement), subject to the Intercreditor Agreement (if applicable),
shall be entitled to exercise all voting power with respect to the Pledged Equity and to receive and retain, as additional collateral hereunder, any and all payments, proceeds, dividends, distributions, property, assets, or rights at any time
declared or paid upon any of the Pledged Equity during such a Priority Lien Debt Default and otherwise to act with respect to the Pledged Equity as outright owner thereof. In the event that the Collateral Agent, at the direction of the Required
Priority Lien Debtholders by an Act of Required Priority Lien Debtholders (or otherwise, as set forth in the Collateral Agency Agreement), exercises its rights under this Section 4.05(c), it shall concurrently deliver notice thereof to the
Issuer. 
 (d) All payments, proceeds, dividends, distributions, property, assets, instruments or rights that are received by each Debtor
contrary to the provisions of this Section 4.05 shall be received and held in trust for the benefit of the Collateral Agent, for the benefit of the holders of the Secured Obligations, shall be segregated by each Debtor from other funds of such
Debtor and shall be forthwith paid over to the Collateral Agent as Pledged Equity in the same form as so received (with any necessary endorsement). 

(e) If such Debtor is an issuer of Pledged Equity, such Debtor agrees that (i) it will be bound by the terms of this Agreement relating
to the Pledged Equity issued by it and will comply with such terms insofar as such terms are applicable to it and (ii) it will comply with instructions received by it pursuant to the terms of Section 4.05(f) with respect to the Pledged
Equity issued by it. In addition, if any such Debtor is a partnership or a limited liability company, such Debtor (i) confirms that none of the terms of any equity interest issued by it provides that such equity interest is a
“security” within the meaning of the UCC, (ii) agrees that it will take no action to cause or permit any such equity interest to become a security, (iii) agrees that it will not issue any certificate representing any such
equity interest and (iv) agrees that if, notwithstanding the foregoing, any such equity interest shall be or become a security, such Debtor will (and the Debtor that holds such equity interest hereby instructs such issuing Debtor to) comply
with reasonable instructions originated by the Collateral Agent without further consent by such Debtor. 

  
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 (f) Each Debtor hereby authorizes and instructs each issuer of any Pledged Equity pledged by
such Debtor hereunder to (i) comply with any instruction received by it from the Collateral Agent in writing that (x) states that a Priority Lien Debt Default has occurred and is continuing and (y) is otherwise in accordance with the
terms of this Agreement, without any other or further instructions from such Debtor, and each Debtor agrees that each such issuer shall be fully protected in so complying, and (ii) unless otherwise expressly permitted hereby, pay any dividends
or other payments with respect to the Pledged Equity directly to the Collateral Agent for the benefit of the holders of the Secured Obligations. 

Section 4.06 Collateral Accounts. The Debtors shall request in writing and otherwise take all necessary steps to ensure that all
payments constituting Proceeds of the sale of Collateral are made directly to a Collateral Account. If any Debtor receives cash or Cash Equivalents that are identifiable proceeds of any Collateral, subject to the Intercreditor Agreement (if
applicable), it shall hold same in trust for the Collateral Agent, for the benefit of the holders of the Secured Obligations, and promptly (not later than the next Business Day) deposit same into a Collateral Account. 

Section 4.07 Intellectual Property. With respect to Intellectual Property: 

(a) Such Debtor (either itself or through licensees) will (i) continue to use each Trademark necessary to the conduct of its business in
order to maintain such Trademark in full force free from any claim of abandonment for non-use, (ii) use such Trademark with the appropriate notice of registration and substantially all other notices and
legends required by applicable Laws, (iii) not knowingly adopt or use any mark which is confusingly similar or a colorable imitation of such Trademark unless the Collateral Agent, for the ratable benefit of the Secured Parties, shall obtain a
perfected security interest in such mark pursuant to this Agreement, and (iv) not (and not knowingly permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby such Trademark necessary to the conduct of
its business may become invalidated or impaired in any way; 
 (b) Such Debtor (either itself or through licensees) will not do any act, or
omit to do any act, whereby any Patent necessary for the conduct of its business may become forfeited, abandoned or dedicated to the public; 

(c) Such Debtor (either itself or through licensees) (i) will employ each Copyright necessary for the conduct of its business and
(ii) will not (and will not knowingly permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any material portion of such Copyrights may become invalidated or otherwise impaired. Such Debtor will not
(either itself or through licensees) do any act whereby any material portion of such Copyrights may fall into the public domain; 

  
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 (d) Such Debtor (either itself or through licensees) will not do any act that knowingly uses
any Intellectual Property necessary for the conduct of its business to materially infringe the intellectual property rights of any other Person; 

(e) Such Debtor will notify the Collateral Agent and each Priority Lien Representative in writing immediately if it knows, or has reason to
know, that any application or registration relating to any Intellectual Property necessary for the conduct of its business may become forfeited, abandoned or dedicated to the public, or of any adverse determination or development (including, without
limitation, the institution of, or any such determination or development in, any proceeding in the United States Patent and Trademark Office, the United States Copyright Office) regarding such Debtor’s ownership of, or the validity of, any such
Intellectual Property or such Debtor’s right to register the same or to own and maintain the same; 
 (f) Whenever such Debtor, either
by itself or through any agent, employee, licensee or designee, shall file or acquire a registration of any Intellectual Property or an application for the registration therefor with the United States Patent and Trademark Office, the United States
Copyright Office or any similar Governmental Authority of the United States, any State thereof or any other country, such Debtor shall report such filing or acquisition to the Collateral Agent within 30 days after the date on which such filing or
acquisition occurs, and any such Intellectual Property shall automatically constitute Collateral and shall be subject to the security interest created by this Agreement. Upon request of the Collateral Agent, subject to the Intercreditor Agreement
(if applicable), such Debtor shall promptly execute and deliver, and have recorded, any and all agreements, instruments, documents, and papers as the Collateral Agent may reasonably request to evidence the security interest granted hereunder to the
Collateral Agent for the benefit of the holders of the Secured Obligations in any Copyright, Patent or Trademark necessary for the conduct of its business and the goodwill and general intangibles of such Debtor relating thereto or represented
thereby; 
 (g) Such Debtor will take commercially reasonable and necessary steps, including, without limitation, in any proceeding before
the United States Patent and Trademark Office and the United States Copyright Office, to maintain and pursue each application relating to any Intellectual Property necessary for the conduct of its business (and to obtain the relevant registration)
and to maintain each registration of such Intellectual Property, including, without limitation, filing of applications for renewal, affidavits of use and affidavits of incontestability; and 

(h) In the event that any Intellectual Property necessary for the conduct of its business is infringed, misappropriated or diluted by a third
party, such Debtor shall (i) take such actions as such Debtor shall reasonably deem appropriate under the circumstances to protect such Intellectual Property and (ii) if such Intellectual Property is of material economic value, promptly
notify the Collateral Agent in writing after it learns thereof and take such actions as such Debtor shall reasonably deem appropriate under the circumstances, including filing suit for infringement, misappropriation or dilution, to seek injunctive
relief where appropriate and to recover any and all damages for infringement, misappropriation or dilution. 

  
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 Section 4.08 Equipment. (a) Each Debtor shall keep accurate and complete
records of its Equipment, including kind, quality, quantity, cost, acquisitions and dispositions thereof, and shall submit to the Collateral Agent, on such periodic basis as the Collateral Agent may request, a current schedule thereof, in form
satisfactory to the Collateral Agent. Promptly upon request, the Debtors shall deliver to the Collateral Agent evidence of their ownership or interests in any Equipment. 

(b) No Debtor shall sell, lease or otherwise dispose of any Equipment without prior written notice to the Collateral Agent, other than as
permitted under the Indenture. 
 (c) The Equipment of each Debtor is in good operating condition and repair, and all necessary replacements
and repairs have been made so that the value and operating efficiency of the Equipment is preserved at all times, in each case except for (i) reasonable wear and tear and (ii) Equipment that is being repaired or replaced in the ordinary
course of business. Each Debtor shall ensure that the Equipment is mechanically and structurally sound, and capable of performing the functions for which it was designed, in accordance with manufacturer specifications, except where the failure to
ensure the foregoing is not adverse in any material respect to the holders of the Secured Obligations. No Debtor shall permit any Equipment to become affixed to, or located at, real property leased by such Debtor if the aggregate amount of payments
due by such Debtor during any fiscal year pursuant to the term of such lease exceeds $100,000, unless the Debtor shall have delivered prior written notice thereof to the Collateral Agent and shall use commercially reasonable efforts to cause the
landlord of such real property to deliver to the Collateral Agent a lien waiver to the Collateral Agent. With respect to any real property leased by any Debtor upon which any Equipment is affixed or located as of the date hereof, if the terms of the
lease for such real property provide for aggregate payments by such Debtor during any fiscal year in excess of $100,000, such Debtor shall use commercially reasonable efforts to cause the landlord of such real property to deliver to the Collateral
Agent a lien waiver in a form reasonably acceptable to the Collateral Agent (which will not require the expenditure of any consent fee, other than reimbursement of costs, to the landlord). If a Debtor is unable to comply with the foregoing
requirements of the third and fourth sentences of this Section 4.08(c) after using commercially reasonable efforts to do so, the Debtor shall deliver an Officers’ Certificate to the Collateral Agent certifying that it is unable to comply
with such requirements after using commercially reasonable efforts to do so with a brief description of such efforts. The Collateral Agent may conclusively rely on such Certificate. 

(d) Subject to Section 11.3(c) of the Indenture and the terms of the Intercreditor Agreement (if applicable), with respect to any
item of Titled Equipment now or hereafter owned by a Debtor and with respect to which perfection must be effected by a means other than the filing of an appropriate financing statement under the applicable Uniform Commercial Code, such Debtor agrees
to take such action (or cause its Subsidiaries to take such action), including endorsing certificates of title or executing applications for transfer of title, as is reasonably required by the Collateral to enable the Collateral Agent to properly
perfect and protect its Lien on such Titled Equipment and to transfer the same. 

  
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 Section 4.09 Actions With Respect to Certain Collateral. (a) If any Debtor
shall at any time hold or acquire a Commercial Tort Claim with a value in excess of $500,000, such Debtor shall promptly notify the Collateral Agent in a writing signed by such Debtor of the brief details thereof and, subject to the Intercreditor
Agreement (if applicable), grant to the Collateral Agent in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the
Collateral Agent. 
 (b) If any Debtor shall at any time hold or acquire any vessel, aircraft, aircraft engines, or aircraft propellers,
such Debtor shall promptly notify the Collateral Agent in a writing signed by such Debtor, and shall take all actions reasonably requested by the Collateral Agent, subject to the Intercreditor Agreement (if applicable), to ensure the attachment,
perfection and priority of, and the ability of the Collateral Agent to enforce, a security interest therein. 
 (c) If any goods that
constitute Collateral with a value in excess of $250,000 are at any time in the possession of a bailee, the applicable Debtor or Debtors shall promptly notify the Collateral Agent in writing thereof and, if requested by the Collateral Agent and
subject to the terms of the Intercreditor Agreement (if applicable), shall promptly use all commercially reasonable efforts to obtain a landlord’s agreement from such bailee, or a similar agreement in form and substance reasonably satisfactory
to the Collateral Agent. 
 ARTICLE 5 

LIMITATION ON PERFECTION OF SECURITY INTEREST 

Section 5.01 Instruments. The perfection of the security interest granted in Article 2 above in Instruments will, prior to
the occurrence of a Priority Lien Debt Default (and after the occurrence of a Priority Lien Debt Default unless the Collateral Agent has required that further actions are taken with respect to the perfection thereof), be effected solely by filing an
appropriate financing statement under the applicable Uniform Commercial Code so long as (a) with respect to all Instruments, the aggregate face amount of all such Instruments does not exceed $500,000 and (b) with respect to any individual
Instrument, the face amount thereof does not exceed $500,000. Notwithstanding the foregoing, if no Priority Lien Debt Default exists, then upon the request of any Debtor the Collateral Agent shall deliver any Instrument in its possession to that
Debtor if that Debtor requires possession in order to collect such Instrument. In the event that the aggregate face amount of such Instruments exceeds $500,000 individually or in the aggregate, the Debtors shall provide prompt written notice thereof
to the Collateral Agent. 
 Section 5.02 Documents. The perfection of the security interest granted in Article 2 above in
Documents will, prior to the occurrence of a Priority Lien Debt Default (and after the occurrence of a Priority Lien Debt Default unless the Collateral Agent has required that further actions are taken with respect to the perfection thereof), be
effected solely by filing an appropriate financing statement under the applicable Uniform Commercial Code so long as (a) the aggregate value of the goods covered by all such Documents does not exceed $500,000 and (b) the value of the goods
covered by any individual Document does not exceed $500,000. In the event that the value of goods constituting Collateral covered by such Documents exceeds $500,000 individually or in the aggregate, the Debtors shall provide prompt written notice
thereof to the Collateral Agent. 

  
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 Section 5.03 Letter of Credit Rights. The perfection of the security interest
granted in Article 2 above in Letter-of-Credit Rights will be required only with respect to (a) solely following the occurrence of a Priority Lien Debt Default
and request by the Collateral Agent, any individual Letter-of-Credit Right the face amount of which exceeds $2,500,000 and (b) any Letter-of-Credit-Rights constituting Supporting Obligations. In the event that the face amount of any individual
Letter-of-Credit Right exceeds $2,500,000 or that any Letter-of-Credit-Rights constitute
Supporting Obligations, the Debtors shall provide prompt written notice thereof to the Collateral Agent. 
 Section 5.04
Fixtures. The perfection of the security interest granted in Article 2 above in Fixtures will, prior to the occurrence of a Priority Lien Debt Default (and after the occurrence of a Priority Lien Debt Default unless the Collateral Agent
has required that further actions are taken with respect to the perfection thereof), be effected by, at the option of the Collateral Agent, either (1) filing an appropriate financing statement with the appropriate Secretary of State under the
applicable Uniform Commercial Code or (2) filing a Mortgage constituting an appropriate Fixture filing in the real property records of the applicable jurisdiction. 

Section 5.05 Actions Outside United States. Notwithstanding anything to the contrary herein, no Debtor shall be required to take
any actions under any laws outside of the United States to grant, perfect or provide for the enforcement of any security interest granted or created under this Agreement. 

ARTICLE 6 

REMEDIAL PROVISIONS 

During the existence of a Priority Lien Debt Default, the Collateral Agent, subject to the Intercreditor Agreement, at the direction of the
Required Priority Lien Debtholders by an Act of Required Priority Lien Debtholders (or as otherwise set forth in the Collateral Agency Agreement), exercise one or more of the remedies specified elsewhere in this Agreement or the following remedies:

 Section 6.01 General Interim Remedies. (a) To the extent permitted by Law, the Collateral Agent may exercise all the
rights and remedies of a secured party under the UCC. 
 (b) The Collateral Agent may prosecute actions in equity or at law for the specific
performance of any covenant or agreement herein contained or in aid of the execution of any power herein granted or for the enforcement of any other appropriate legal or equitable remedy without posting a bond or providing other security. 

(c) The Collateral Agent may require any Debtor to promptly assemble any tangible Collateral of such Debtor and make it available to the
Collateral Agent at a place to be designated by the Collateral Agent. The Collateral Agent or its designee may occupy any premises owned or leased by any Debtor where the Collateral is assembled for a reasonable period in order to effectuate the
Collateral Agent’s rights and remedies hereunder or under law, without obligation to any Debtor with respect to such occupation. 

  
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 Section 6.02 Instruments and Payment Intangibles. Without limiting any other
rights of the Collateral Agent under the Priority Lien Debt Documents, during the existence of a Priority Lien Debt Default, the Collateral Agent, at the direction of the Required Priority Lien Debtholders by an Act of Required Priority Lien
Debtholders (or as otherwise set forth in the Collateral Agency Agreement), shall, establish Collateral Accounts for the purpose of collecting the payments due to the Debtors with respect to Instruments and/or Payment Intangibles that constitute
Collateral and holding the proceeds thereof, and may, or may direct the Debtors to, instruct all makers and/or all obligors with respect thereto to make all payments with respect to such Collateral directly to the Collateral Agent, for the benefit
of the holders of the Secured Obligations, for deposit into such Collateral Account. After such direction to the Debtors, all payments, whether of principal, interest, or other amounts with respect to Instruments and/or Payment Intangibles that
constitute Collateral shall be directed to such Collateral Accounts until such direction is revoked in writing by the Collateral Agent. All such payments which may from time to time come into the possession of any Debtor shall be held in trust for
the Collateral Agent for the benefit of the holders of the Secured Obligations, segregated from the other funds of such Debtor, and delivered to the Collateral Agent immediately in the form received with any necessary endorsement for deposit into
such Collateral Account, such delivery in no event to be later than one Business Day after receipt thereof by the applicable Debtor. Each Debtor agrees to execute any documents reasonably requested by the Collateral Agent to create any Collateral
Account and pledge it to the Collateral Agent for the benefit of the holders of the Secured Obligations. In connection with the foregoing, the Collateral Agent shall have the right at any time during the existence of a Priority Lien Debt Default to
take any of the following actions, in the Collateral Agent’s own name or in the name of the applicable Debtor: compromise or extend the time for payment of any payments due with respect to any Instrument upon such terms as the Collateral Agent
may reasonably determine; endorse the name of the applicable Debtor, on checks, instruments, or other evidences of payment with respect to any such Collateral; make written or verbal requests for verification of amount owing on any such Collateral
from the maker thereof or obligor thereunder; open mail addressed to such Debtor which the Collateral Agent reasonably believes relates to any such Collateral, and, to the extent of checks or other payments with respect to any such Collateral,
dispose of same in accordance with this Agreement; take action in the Collateral Agent’s name or the applicable Debtor’s name, to enforce collection; and take all other action necessary to carry out this Agreement and give effect to the
Collateral Agent’s rights hereunder. Costs and expenses incurred by the Collateral Agent in collection and enforcement of amounts owed under any Contracts or otherwise with respect to Instruments and/or Payment Intangibles that constitute
Collateral, including attorneys’ fees and out-of-pocket expenses, shall be reimbursed by the applicable Debtor to the Collateral Agent on demand. 

Section 6.03 Pledged Equity. (a) Each Debtor recognizes that the Collateral Agent may be unable to effect a public sale of
any or all the Pledged Equity, by reason of certain prohibitions contained in the Securities Act of 1933, as amended, and applicable state securities laws or otherwise, and may be compelled to resort to one or more private

  
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sales thereof to a restricted group of purchasers which will be obliged to agree, among other things, to acquire such securities for their own account for investment and not with a view to the
distribution or resale thereof. Each Debtor acknowledges and agrees that any such private sale may result in prices and other terms less favorable than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such
private sale shall be deemed to have been made in a commercially reasonable manner. The Collateral Agent shall be under no obligation to delay a sale of any of the Pledged Equity for the period of time necessary to permit the issuer thereof to
register such securities for public sale under the Securities Act of 1933, as amended, or under applicable state securities laws, even if such issuer would agree to do so. 

(b) Each Debtor agrees to use its commercially reasonable efforts to do or cause to be done all such other acts as may be necessary to make
such sale or sales of all or any portion of the Pledged Equity pursuant to this Section 6.03 valid and binding and in compliance with any and all other applicable Laws; provided that, notwithstanding the foregoing, each Debtor agrees to use its
best efforts to obtain all Affiliate consents and approvals and cause to be done all such other acts by any Affiliate as may be necessary to make such sale or sales of all or any portion of the Pledged Equity pursuant to this Section 6.03 valid
and binding and in compliance with any and all other applicable Laws. Each Debtor further agrees that a breach of any of the covenants contained in this Section 6.03 will cause irreparable injury to the Collateral Agent and the holders of the
Secured Obligations, that the Collateral Agent and the holders of the Secured Obligations have no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section 6.03 shall be
specifically enforceable against such Debtor, and such Debtor hereby waives and agrees not to assert any defenses against an action for specific performance of such covenants except for a defense that no Priority Lien Debt Default has occurred. 

Section 6.04 Foreclosure. (a) The Collateral Agent may foreclose on the Collateral in any manner permitted by the courts of
or in the State of New York or the jurisdiction in which any Collateral is located. If the Collateral Agent should institute a suit for the collection of the Secured Obligations and for the foreclosure of this Agreement, the Collateral Agent may at
any time before the entry of a final judgment dismiss the same, and take any other action permitted by this Agreement. 
 (b) To the extent
permitted by law, the Collateral Agent may exercise all the foreclosure rights and remedies of a secured party under the UCC. In connection therewith, the Collateral Agent may sell any Collateral at public or private sale, at the office of the
Collateral Agent or elsewhere, for cash or credit and upon such other terms as the Collateral Agent deems commercially reasonable. The Collateral Agent may sell any Collateral at one or more sales, and the security interest granted hereunder shall
remain in effect as to the unsold portion of the Collateral. Each Debtor agrees that to the extent permitted by law such sales may be made without notice. If notice is required by law, each Debtor hereby deems ten days advance notice of the time and
place of any public or private sale reasonable notification, recognizing that if any portion of the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market, shorter notice may be
reasonable. The Collateral Agent shall not be obligated to make any sale of Collateral regardless of notice of sale having been given. The Collateral Agent may 

  
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adjourn any sale by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time and place to which it was adjourned. In the event that any
sale hereunder is not completed or is defective in the opinion of the Collateral Agent, the Collateral Agent shall have the right to cause subsequent sales to be made hereunder. Any statements of fact or other recitals made in any bill of sale,
assignment, or other document representing any sale hereunder, including statements relating to the occurrence of a Priority Lien Debt Default, acceleration of the Secured Obligations, notice of the sale, the time, place, and terms of the sale, and
other actions taken by the Collateral Agent in relation to the sale may be conclusively relied upon by the purchaser at any sale hereunder. The Collateral Agent may delegate to any agent the performance of any acts in connection with any sale
hereunder, including the sending of notices and the conduct of the sale. 
 Section 6.05 Application of Proceeds.
(a) Unless otherwise specified herein, any cash proceeds received by the Collateral Agent from the sale of, collection of, or other realization upon any part of the Collateral or any other amounts received by the Collateral Agent hereunder may
be, at the discretion of the Collateral Agent (i) held by the Collateral Agent in one or more Collateral Accounts as cash collateral for the Secured Obligations or (ii) subject to the terms of the Collateral Agency Agreement and, if
applicable, the Intercreditor Agreement, applied to the Secured Obligations. 
 (b) Amounts applied to the Secured Obligations shall be
applied in the following order: 
 First, to the payment of the costs and expenses of exercising the Collateral Agent’s rights
hereunder, whether expressly provided for herein or otherwise; and 
 Second, to the payment of the Secured Obligations in the order
set forth in Section 3.4 of the Collateral Agency Agreement and the Priority Lien Debt Documents. 
 Any surplus cash collateral or cash proceeds held
by the Collateral Agent after payment in full of the Secured Obligations shall be paid over to such Debtor or to whomever may be lawfully entitled to receive such surplus. 

Section 6.06 Waiver of Certain Rights. To the full extent each Debtor may do so, such Debtor shall not insist upon, plead, claim,
or take advantage of any law providing for any appraisement, valuation, stay, extension, or redemption, and such Debtor hereby waives and releases the same, and all rights to a marshaling of the assets of such Debtor, including the Collateral of
such Debtor, or to a sale in inverse order of alienation in the event of foreclosure of the liens and security interests hereby created. Such Debtor shall not assert any right under any law pertaining to the marshaling of assets, sale in inverse
order of alienation, the administration of estates of decedents or other matters whatever to defeat, reduce, or affect the right of the Collateral Agent under the terms of this Agreement. 

  
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 Section 6.07 Remedies Cumulative. The Collateral Agent’s remedies under
this Agreement and the Priority Lien Debt Documents to which any Debtor is a party shall be cumulative, and no delay in enforcing this Agreement and the Priority Lien Debt Documents to which any Debtor is a party shall act as a waiver of the
Collateral Agent’s rights hereunder. 
 Section 6.08 Reinstatement. The obligations of each Debtor under this Agreement
shall continue to be effective or automatically be reinstated, as the case may be, if at any time payment of any of the Secured Obligations is rescinded or otherwise must be restored or returned by the Collateral Agent upon the insolvency,
bankruptcy, dissolution, liquidation or reorganization of any Debtor or any other obligor or otherwise, all as though such payment had not been made. 

ARTICLE 7 

MISCELLANEOUS 

Section 7.01 Amendments. None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise
modified except in accordance with Section 7.1 of the Collateral Agency Agreement. 
 Section 7.02 Notices. All notices,
requests and demands to or upon the Collateral Agent hereunder shall be in writing and effected in the manner provided for in Section 7.5 of the Collateral Agency Agreement. All notices, requests and demands hereunder to any Debtor shall be in
writing delivered by United States mail, telecopy number, personal delivery or nationally established overnight courier service set forth in Schedule 3.3(b) attached hereto or at such other address in the United States as may be specified by
such Debtor in a written notice delivered to the Collateral Agent in accordance with Section 7.5 of the Collateral Agency Agreement. 

Section 7.03 No Waiver by Course of Conduct; Cumulative Remedies; No Duty. No failure to exercise, nor any delay in
exercising, on the part of the Collateral Agent, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude any other or further exercise thereof
or the exercise of any other right, power or privilege. A waiver by the Collateral Agent of any right or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy that the Collateral Agent would otherwise have on
any future occasion. The rights and remedies provided herein and in the other Priority Lien Debt Document are cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by law. The powers
conferred on the Collateral Agent under this Agreement are solely to protect the Collateral Agent’s rights under this Agreement and shall not impose any duty upon it to exercise any such powers. Except as elsewhere provided hereunder, the
Collateral Agent shall have no duty as to any of the Collateral or as to the taking of any necessary steps to preserve rights against prior parties or any other rights pertaining to the Collateral. 

Section 7.04 Enforcement Expenses; Indemnification. (a) Each Debtor agrees to pay, or reimburse the Collateral Agent for, all
costs and expenses incurred in connection with the enforcement, attempted enforcement, exercise, or preservation of any rights or remedies under this Agreement or the other Priority Lien Debt Document to which such Debtor is a party (including all
such costs and expenses incurred during any “workout” or restructuring in respect of the Secured Obligations and during any legal proceeding, including any proceeding under any Bankruptcy Law), including all attorney fees. 

  
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 (b) Each Debtor agrees, jointly and severally, to pay, and to indemnify and hold the
Collateral Agent and each holder of the Secured Obligations harmless from, any and all liabilities with respect to, or resulting from any delay in paying, any and all stamp, excise, sales or other taxes which may be payable or determined to be
payable with respect to any of the Collateral or in connection with any of the transactions contemplated by this Agreement. 
 (c) Each
Debtor agrees to pay, and to indemnify and hold the Collateral Agent, each holder of the Secured Obligations, and their respective Affiliates, directors, officers, employees, counsel, agents and attorneys-in-fact (collectively the “Indemnitees”) harmless from, any and all liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses
and disbursements (including the fees, charges and disbursements of any counsel for any Indemnitee) of any kind or nature whatsoever which may at any time be imposed on, incurred by or asserted against any such Indemnitee in any way relating to or
arising out of or in connection with the execution, delivery, enforcement, performance or administration of any Guaranty, this Agreement, or any Priority Lien Debt Document to which such Debtor is a party, in all cases, whether or not caused by
or arising, in whole or in part, out of the negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims,
demands, actions, judgments, suits, costs, expenses or disbursements 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. 

(d) All amounts due under this Section 7.04 shall be payable upon demand therefor. The agreements in this Section shall survive repayment
of the Secured Obligations and all other amounts payable under the Indenture and the other Priority Lien Debt Documents and the resignation and removal of the Collateral Agent. 

Section 7.05 Successors and Assigns. This Agreement shall be binding upon the successors and assigns of each Debtor and shall
inure to the benefit of the Collateral Agent and the holders of the Secured Obligations and their successors and assigns; provided that no Debtor may assign, transfer or delegate any of its rights or obligations under this Agreement without the
prior written consent of the Collateral Agent. 
 Section 7.06 Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic communication
(including via email PDF) shall be effective as delivery of a manually executed counterpart of this Agreement. 
 Section 7.07
Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby and
(b) the parties 

  
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shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the
illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

Section 7.08 Section Headings. The Section headings used in this Agreement are included for convenience of reference only and
shall not affect the interpretation of this Agreement. 
 Section 7.09 Integration. This Agreement, together with the other
Priority Lien Debt Documents, comprises the complete and integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. 

Section 7.10 GOVERNING LAW ETC. Sections 7.12 (Governing Law), 7.13 (Consent to Jurisdiction; Waivers), and 7.14 (Waiver of Jury
Trial) of the Collateral Agency Agreement are hereby incorporated by reference herein mutatis mutandis, as if set forth verbatim herein as agreements of the parties hereto. 

Section 7.11 Additional Debtors. Each Restricted Subsidiary of the Issuer that is required to become a party to this Agreement
after the date hereof pursuant to Section 7.17 of the Collateral Agency Agreement shall become a Debtor for all purposes of this Agreement upon execution and delivery by such Restricted Subsidiary of an instrument in the form of Annex I
hereto. 
 Section 7.12 Termination; Releases. (a) This Agreement and the security interest created hereby shall terminate
upon payment in full of all Secured Obligations (other than contingent indemnification obligations), at which time the Collateral Agent shall, subject to the Intercreditor Agreement, execute and deliver to the Debtors or the Debtors’ designee,
at the Debtors’ expense, all Uniform Commercial Code termination statements and similar documents which the Debtors shall reasonably request from time to time to evidence such termination, shall deliver to the Debtors or the Debtors’
designee all Collateral then in its possession, and shall authorize the Issuer to remove the Collateral Agent as an additional insured or loss payee under the Debtor’s insurance policies. Any execution and delivery of termination statements or
documents pursuant to this Section 7.12(a) shall be without recourse to or warranty by the Collateral Agent. 
 (b) Any Debtor other
than the Issuer shall automatically be released from its obligations hereunder and the security interest granted hereby in the Collateral of such Debtor shall be automatically released as set forth in the Collateral Agency Agreement, the Indenture
and the other Priority Lien Debt Documents. If any of the Collateral shall be sold, transferred or otherwise disposed of by any Debtor in a transaction permitted by the Permitted Lien Debt Documents the security interest created hereby in any
Collateral that is so sold, transferred or otherwise disposed of shall automatically terminate and be released upon the closing of such sale, transfer or other disposition, as set forth in the Collateral Agency Agreement, Indenture and the other
Priority Lien Debt Documents; provided, however, that such security interest will continue to attach to all Proceeds of such 

  
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sales or other dispositions. In connection with any of the foregoing, subject to the Intercreditor Agreement (if applicable), the Collateral Agent, upon receipt of an Officers’ Certificate
stating that such termination is in compliance with the applicable provisions of the Priority Lien Debt Documents and that the Debtor is not required by the Priority Lien Debt Documents to grant any lien upon such property, shall deliver to the
Debtors any Collateral then in its possession and shall execute and deliver to the Debtors or the Debtors’ designee, at the Debtors’ expense, all Uniform Commercial Code termination statements and similar documents that the Debtors shall
reasonably request from time to time to evidence such termination. Any execution and delivery of termination statements or documents pursuant to this Section 7.12(b) shall be without recourse to or warranty by the Collateral Agent. 

(c) Each Debtor acknowledges that it is not authorized to file any financing statement or amendment or termination statement with respect to
any financing statement originally filed in connection herewith without the prior written consent of the Collateral Agent subject to such Debtor’s rights under Section 9-509(d)(2) of the UCC. 

(d) The Collateral Agent shall have no liability whatsoever to any other Priority Lien Secured Party as the result of any release of
Collateral by it in accordance with (or which the Collateral Agent in good faith believed to be in accordance with) this Section 7.12. 

Section 7.13 Intercreditor Agreement. Notwithstanding anything herein to the contrary, (i) the Liens and security interests
granted to the Collateral Agent pursuant to this Agreement and (ii) the exercise of any right or remedy by the Collateral Agent hereunder or the application of Proceeds (including insurance proceeds) of any Collateral, are subject to the
provisions of the Intercreditor Agreement. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Agreement, the terms of the Intercreditor Agreement shall govern. 

Section 7.14 Collateral Agent. The rights, privileges, immunities and protections of the Collateral Agent are contained in the
Collateral Agency Agreement, which rights, privileges, immunities and protections are incorporated herein by reference. This Agreement is subject to the terms and conditions of the Collateral Agency Agreement. 

[Signature pages follow.] 

  
 28 

 EXECUTED as of the date first above written. 

 

			
	UMB BANK, N.A.,
	as Collateral Agent
		
	By:	 	/s/ Shazia Flores
	Name:	 	Shazia Flores
	Title:	 	Vice President

 [Signature Page to Security Agreement] 

 
			
	 ACID SERVICES, LLC

ADMIRAL WELL SERVICE, INC.
 BASIC ESA, INC.

BASIC MARINE SERVICES, INC.
 CHAPARRAL SERVICE,
INC.
 FIRST ENERGY SERVICES COMPANY
 GLOBE WELL
SERVICE, INC.
 JETSTAR ENERGY SERVICES, INC

JETSTAR HOLDINGS, INC.
 JS ACQUISITION LLC

LEBUS OIL FIELD SERVICE CO.
 MAVERICK COIL TUBING
SERVICES, LLC
 MAVERICK SOLUTIONS, LLC
 MAVERICK
STIMULATION COMPANY, LLC
 MAVERICK THRU-TUBING SERVICES, LLC

MCM HOLDINGS, LLC
 MSM LEASING, LLC

PERMIAN PLAZA, LLC
 PLATINUM PRESSURE SERVICES,
INC.
 SCH DISPOSAL, L L C
 SLEDGE DRILLING
CORP.
 THE MAVERICK COMPANIES, LLC
 XTERRA
FISHING & RENTAL TOOLS CO.

		
	By:	 	/s/ T.M. “Roe” Patterson
	Name:	 	T.M. “Roe” Patterson
	Title:	 	President

 [SIGNATURE PAGE TO SECURITY AGREEMENT] 

 
			
	BASIC ENERGY SERVICES, INC.
		
	By:	 	/s/ T.M. “Roe” Patterson
	Name:	 	T.M. “Roe” Patterson
	Title:	 	President and Chief Executive Officer
	
	BASIC ENERGY SERVICES LP, LLC
		
	By:	 	/s/ T.M. “Roe” Patterson
	Name:	 	T.M. “Roe” Patterson
	Title:	 	President and Chief Executive Officer
	
	BASIC ENERGY SERVICES GP, LLC
		
	By:	 	/s/ T.M. “Roe” Patterson
	Name:	 	T.M. “Roe” Patterson
	Title:	 	President and Chief Executive Officer
	
	BASIC ENERGY SERVICES, L.P.
		
	By:	 	BASIC ENERGY SERVICES GP, LLC,
		 	its General Partner
		
	By:	 	Basic Energy Services, Inc., its sole member
		
	By:	 	/s/ T.M. “Roe” Patterson
	Name:	 	T.M. “Roe” Patterson
	Title:	 	President and Chief Executive Officer
	
	TAYLOR INDUSTRIES, LLC
		
	By:	 	/s/ T.M. “Roe” Patterson
	Name:	 	T.M. “Roe” Patterson
	Title:	 	Chief Executive Officer

 [SIGNATURE PAGE TO SECURITY AGREEMENT] 

 SCHEDULE 3.3(a) 

ORGANIZATION & LOCATION INFORMATION 
  

							
	 Debtor
	  	 Jurisdiction &

Type of

Organization
	  	 Organizational

ID#
	  	 Chief Executive

Office, Sole Place of

Business, or
 Principal
Residence

	Basic Energy Services, Inc.	  	Delaware corporation	  	3611854	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Acid Services, LLC	  	Kansas limited liability company	  	2347722	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Admiral Well Service, Inc.	  	Texas corporation	  	0801050244	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Basic Energy Services GP, LLC	  	Delaware limited liability company	  	3611876	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Basic Energy Services LP, LLC	  	Delaware limited liability company	  	3611879	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Basic Energy Services, L.P.	  	Delaware limited partnership	  	2307778	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Basic ESA, Inc.	  	Texas corporation	  	57139400	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Basic Marine Services, Inc.	  	Delaware corporation	  	3917169	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Chaparral Service, Inc.	  	New Mexico corporation	  	642181	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	First Energy Services Company	  	Delaware corporation	  	3215172	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Globe Well Service, Inc.	  	Texas corporation	  	46471700	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	JetStar Energy Services, Inc.	  	Texas corporation	  	800481218	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

							
	 Debtor
	  	 Jurisdiction &

Type of

Organization
	  	 Organizational

ID#
	  	 Chief Executive

Office, Sole Place of

Business, or
 Principal
Residence

	JetStar Holdings, Inc.	  	Delaware corporation	  	3954247	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	JS Acquisition LLC	  	Delaware corporation	  	4278935	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	LeBus Oil Field Service Co.	  	Texas corporation	  	77931600	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Maverick Coil Tubing Services, LLC	  	Colorado limited liability company	  	20001207071	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Maverick Solutions, LLC	  	Colorado limited liability company	  	20031245775	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Maverick Stimulation Company, LLC	  	Colorado limited liability company	  	19961105940	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Maverick Thru-Tubing Services, LLC	  	Colorado limited liability company	  	20091658924	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	MCM Holdings, LLC	  	Colorado limited liability company	  	20011090566	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	MSM Leasing, LLC	  	Colorado limited liability company	  	20091399908	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Permian Plaza, LLC	  	Texas limited liability company	  	800859993	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Platinum Pressure Services, Inc.	  	Texas corporation	  	0800888088	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	SCH Disposal, L.L.C.	  	Texas limited liability company	  	704317322	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Sledge Drilling Corp.	  	Texas corporation	  	800575730	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	Taylor Industries, LLC	  	Texas limited liability company	  	801259923	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

  
 Schedule 3.3(a) to
Security Agreement 

							
	 Debtor
	  	 Jurisdiction &

Type of

Organization
	  	 Organizational

ID#
	  	 Chief Executive

Office, Sole Place of

Business, or
 Principal
Residence

	The Maverick Companies, LLC	  	Colorado limited liability company	  	20061298717	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

				
	XTERRA Fishing & Rental Tools Co.	  	Texas corporation	  	158550700	  	 801 Cherry Street,
 Suite 2100,

Fort Worth, TX 76102

  
 Schedule 3.3(a) to
Security Agreement 

 SCHEDULE 3.3(b) 

NOTICE INFORMATION 
  

			
	 Debtor
	  	 Notice Information

	Basic Energy Services, Inc.	  	 801 Cherry Street,
 Suite 2100 Fort
Worth, Texas 76102
 Attention: T.M. “Roe” Patterson

Telephone: (432) 620-5500

Telecopier: (432) 620-5501

Electronic Mail:

Roe.Patterson@basicenergyservices.com

	Acid Services, LLC
	Admiral Well Service, Inc.
	Basic Energy Services GP, LLC
	Basic Energy Services LP, LLC
	Basic Energy Services, L.P.
	Basic ESA, Inc.
	Basic Marine Services, Inc.
	Chaparral Service, Inc.
	First Energy Services Company
	Globe Well Service, Inc.
	JetStar Energy Services, Inc.
	JetStar Holdings, Inc.
	JS Acquisition LLC
	LeBus Oil Field Service Co.
	Maverick Coil Tubing Services, LLC
	Maverick Solutions, LLC
	Maverick Stimulation Company, LLC
	Maverick Thru-Tubing Services, LLC
	MCM Holdings, LLC
	MSM Leasing, LLC
	Permian Plaza, LLC
	Platinum Pressure Services, Inc.
	SCH Disposal, L.L.C.
	Sledge Drilling Corp.
	Taylor Industries, LLC
	The Maverick Companies, LLC
	XTERRA Fishing & Rental Tools Co.

  
 Schedule 3.3(b) to
Security Agreement 

 SCHEDULE 3.4 

CERTAIN COLLATERAL 
 PATENTS/
TRADEMARKS 
 Schedule 3.6 of this Agreement is incorporated herein as if fully set forth herein. 

  
 Schedule 3.4 to Security
Agreement 

 SCHEDULE 3.5(a) 

PLEDGED EQUITY 
  

									
	 Pledgor
	  	 Pledged Entity
	  	 Certificate #
	  	 Number & Type of Shares
	  	 Percentage of Shares

	Basic Energy Services, Inc.	  	Basic Energy Services GP, LLC	  	002	  	1,000 Units of membership interest	  	100%
	Basic Energy Services, Inc.	  	Basic Energy Services LP, LLC	  	002	  	1,000 Units of membership interest	  	100%
	Basic Energy Services GP, LLC	  	Basic Energy Services, L.P.	  	*	  	0.10% GP interest	  	100%
	Basic Energy Services, Inc.	  	Basic ESA, Inc.	  	135 & 136	  	510,000 shares of common stock	  	100%
	Basic Energy Services, L.P.	  	Basic Energy Services International, LLC	  	*	  	1,000 Units of membership interest	  	100%
	Basic ESA, Inc.	  	ESA de Mexico S.A. de C.v	  	*	  	1% partes sociales	  	100%
	Basic Energy Services, L.P.	  	Basic Marine Services, Inc.	  	2	  	10 shares of common stock	  	100%
	Basic Energy Services, L.P.	  	Chaparral Service, Inc.	  	10	  	13,000 shares of common stock	  	100%
	Basic Energy Services, L.P.	  	First Energy Services Company	  	29	  	1,000 shares of common stock	  	100%
	Basic Energy Services, L.P.	  	Globe Well Service, Inc.	  	21	  	4,521 shares of common stock	  	100%
	Basic Energy Services, L.P.	  	JS Acquisition LLC	  	001	  	100 units of membership interest	  	100%
	Basic Energy Services, L.P.	  	LeBus Oil Field Service Co.	  	42	  	1,000 shares of common stock	  	100%

  
 Schedule 3.5(a) to
Security Agreement 

									
	 Pledgor
	  	 Pledged Entity
	  	 Certificate #
	  	 Number & Type of Shares
	  	 Percentage of Shares

	Basic Energy Services, L.P.	  	Maverick Coil Tubing Services, LLC	  	*	  	Membership interests	  	100%
	Basic Energy Services, L.P.	  	Maverick Solutions, LLC	  	*	  	Membership interests	  	100%
	Basic Energy Services, L.P.	  	Maverick Stimulation Company, LLC	  	*	  	Membership interests	  	100%
	Basic Energy Services, L.P.	  	Maverick Thru-Tubing Services, LLC	  	*	  	Membership interests	  	100%
	Basic Energy Services, L.P.	  	MCM Holdings, LLC	  	*	  	Membership interests	  	100%
	Basic Energy Services, L.P	  	MSM Leasing, LLC	  	*	  	Membership interests	  	100%
	Basic Energy Services, L.P	  	The Maverick Companies, LLC	  	*	  	Membership interests	  	100%
	Basic Energy Services, L.P.	  	Permian Plaza, LLC	  	1	  	Membership interest	  	100%
	Basic Energy Services, L.P.	  	Platinum Pressure Services, Inc.	  	12	  	9,642,862 shares of common stock	  	100%
	Basic Energy Services, L.P.	  	SCH Disposal, L.L.C.	  	6	  	Membership interest	  	100%
	Basic Energy Services, L.P.	  	Sledge Drilling Corp.	  	7	  	650,000 shares of common stock	  	100%
	Basic Energy Services, L.P.	  	Taylor Industries, LLC	  	1	  	Membership interest	  	100%
	Basic Energy Services, L.P.	  	XTERRA Fishing & Rental Tools Co.	  	6	  	68,000 shares of common stock	  	100%
	Basic Energy Services, L.P.	  	Robota Energy Equipment, LLC	  	1	  	Membership interest	  	80%

  
 Schedule 3.3(a) to
Security Agreement 

									
	 Pledgor
	  	 Pledged Entity
	  	 Certificate #
	  	 Number & Type of Shares
	  	 Percentage of Shares

	Basic Energy Services, LP, LLC	  	Basic Energy Services, L.P.	  	*	  	99.9% Limited Partnership Interest	  	100%
	JetStar Holdings, Inc.	  	JetStar Energy Services, Inc.	  	C001	  	100 shares of common stock	  	100%
	JS Acquisition LLC	  	Acid Services, LLC	  	23	  	Membership interest	  	100%
	JS Acquisition LLC (successor by merger to JetStar Consolidated Holdings, Inc.)	  	JetStar Holdings, Inc.	  	C002	  	100 shares of common stock	  	100%
	Platinum Pressure Services, Inc.	  	Admiral Well Service, Inc.	  	2	  	100 shares of common stock	  	100%
	Basic Energy Services, L.P.	  	Robota Energy Equipment, LLC	  	6	  	20 units of membership interest	  	20%

  

	*	 The membership interest in each of the entities are not currently represented by certificates issued to the
membership interest owner. 

  
 Schedule 3.3(a) to
Security Agreement 

 SCHEDULE 3.5(c) 

INSTRUMENTS 
 Intercompany Note. 

  
 Schedule 3.5(c) to
Security Agreement

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