Document:

EX-10.1

 Exhibit 10.1 

AMENDMENT NO. 1 TO CREDIT AGREEMENT 

This AMENDMENT NO. 1 TO CREDIT AGREEMENT (“Amendment”) entered into and effective as of October 21, 2019 (the
“Amendment No. 1 Effective Date”) is by and among McDermott Technology (Americas), Inc., a Delaware corporation (“MTA”), McDermott Technology (US), Inc. a Delaware corporation
(“MTUS”), McDermott Technology B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (“MTBV” and together with
MTA and MTUS, collectively the “Borrowers”, each a “Borrower”), McDermott International, Inc. a Panamanian corporation (the “Parent”), the Revolving Lenders party hereto, the Term Lenders party
hereto, the LC Lenders party hereto, the Cash Secured LC Issuers party hereto the Swing Loan Lender party hereto, in each case, as defined in the Credit Agreement (as defined below), and the Guarantors, as defined in the Credit Agreement (as defined
below). 
 RECITALS 

A.    Whereas, reference is made to that certain Credit Agreement dated as of May 10, 2018 among the Borrowers, the
Parent, the Lenders and Issuers party thereto from time to time (“Lenders”), Credit Agricole Corporate and Investment Bank (the “Revolving and LC Administrative Agent”) and Barclays Bank PLC, as administrative agent
for the Term Facility (as defined in the Credit Agreement) (in such capacity, the “Term Loan Administrative Agent” and, together with the Revolving and LC Administrative Agent, the “Administrative Agents” and each
an “Administrative Agent”) (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). 

B.    Whereas the Parent and the Borrowers have requested that the Requisite Lenders consent to certain amendments as more
fully set forth herein. 
 C.    Whereas, subject to the terms and conditions set forth herein, the parties hereto wish
to amend the Credit Agreement. 
 NOW THEREFORE, in consideration of the premises and the mutual covenants, representations and warranties
contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

1.    Defined Terms. As used in this Amendment, each of the terms defined in the opening paragraph and the
Recitals above shall have the meanings assigned to such terms therein. Each term defined in the Credit Agreement and used herein without definition shall have the meaning assigned to such term in the Credit Agreement (as amended hereby), unless
expressly provided to the contrary. 
 2.    Other Definitional Provisions. Article, Section, Schedule, and
Exhibit references are to Articles and Sections of and Schedules and Exhibits to this Amendment, unless otherwise specified. The words “hereof”, “herein”, and “hereunder” and words of similar import when used in this
Amendment shall refer to this Amendment as a whole and not to any particular provision of this Amendment. The term “including” means “including, without limitation,”. 

 
Paragraph headings have been inserted in this Amendment as a matter of convenience for reference only and it is agreed that such paragraph headings are not a part of this Amendment and shall not
be used in the interpretation of any provision of this Amendment. 
 3.    Amendments to Credit Agreement.
Subject to the satisfaction of the conditions set forth in Section 5 herein the Credit Agreement shall be amended effective as of Amendment No. 1 Effective Date by deleting the stricken text (indicated textually in the same manner as the
following example: stricken text) and to add the
double-underlined text (indicated textually in the same manner as the
following example: double-underlined text) as set forth in the pages of the Credit Agreement attached as Exhibit A hereto. 

4.    Representations and Warranties. Each Loan Party represents and warrants that: 

(a)    after giving effect to this Amendment, all representations and warranties made by any Loan Party in the Credit
Agreement and the other Loan Documents that have no materiality or Material Adverse Effect qualification are true and correct in all material respects and the representations and warranties in the Credit Agreement and in the other Loan Documents
that have a materiality or Material Adverse Effect qualification are true and correct in all respects, in each case with the same effect as though made on and as of the Amendment No. 1 Effective Date or, to the extent such representations and
warranties expressly relate to an earlier date, as of such earlier date; 
 (b)    after giving effect to this
Amendment, no Default or Event of Default exists and is continuing as of the Amendment No. 1 Effective Date; 

(c)    the execution, delivery and performance of this Amendment are within the Borrowers’, Guarantors’ and
Parent’s corporate, limited liability company, partnership or other organizational powers, as applicable, and have been duly authorized by appropriate organizational and governing action and proceedings; 

(d)    each person who is executing this Amendment on behalf of the Borrowers, the Parent and each other Guarantor has the
full power, authority and legal right to do so, and this Amendment has been duly executed by such person and delivered to the Administrative Agent; and 

(e)    this Amendment is the legal, valid and binding obligation of each Loan Party, enforceable against such Loan Party
in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a
proceeding in equity or at law. 
 5.    Conditions to Effectiveness. This Amendment shall become effective as of
the Amendment No. 1 Effective Date and enforceable against the parties hereto upon the occurrence of the following conditions precedent: 

(a)    Each Administrative Agent shall have received this Amendment, executed by each Borrower, the Parent, each
Guarantor, the Requisite Lenders and the Requisite Liquidity Lenders in such counterparts as shall be acceptable to each Administrative Agent. 

  
 -2- 

 (b)    The representations and warranties of each Loan Party contained
in this Amendment, the Credit Agreement and the other Loan Documents that have no materiality or Material Adverse Effect qualification shall be true and correct in all material respects and the representations and warranties set forth in this
Amendment, the Credit Agreement and in the other Loan Documents that have a materiality or Material Adverse Effect qualification shall be true and correct in all respects, in each case with the same effect as though made on and as of the Amendment
No. 1 Effective Date or, to the extent such representations and warranties expressly relate to an earlier date, as of such earlier date. 

(c)    After giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing as of
the Amendment No. 1 Effective Date. 
 (d)    There shall have been paid to each Administrative Agent, for the
account of each Administrative Agent, the Collateral Agent, the Issuers and the Lenders, as applicable, all retainers, fees and expenses (including the retainers, fees and expenses of FTI Consulting, Inc. and Centerview Partners LLC and of each
Administrative Agent’s and Collateral Agent’s counsel in each relevant jurisdiction to the extent the Parent has received an invoice therefor) due and payable pursuant to Section 11.3 of the Credit Agreement or otherwise invoiced to
be applied to amounts to become due and payable pursuant to Section 11.3 of the Credit Agreement, whether in connection with this Amendment or otherwise, on or before the Amendment No. 1 Effective Date. 

(e)    Each Administrative Agent shall have received an effective amendment, in form and substance satisfactory to each
Administrative Agent, in respect of the Letter of Credit Agreement, dated as of October 30, 2018 (as amended, supplemented, restated or otherwise modified from time to time, the “Letter of Credit Agreement”), by and among the
Borrowers, as applicants, the Parent, the participants and the issuers from time to time party thereto, and Barclays, as administrative agent, executed by each Borrower, the Guarantors and the requisite lenders party to the Letter of Credit
Agreement. 
 (f)    Each Administrative Agent shall have received a copy of the Priming Credit Agreement, in form and
substance satisfactory to each Administrative Agent, executed by each Borrower party thereto, the Guarantors party thereto, and the financial institutions party thereto as lenders, and the “Effective Date” (as defined in such Priming
Credit Agreement) shall occur substantially simultaneously with the Amendment No. 1 Effective Date. 
 (g)    Each
Administrative Agent shall have received the Closing Date Financial Statements (as defined in the Priming Credit Agreement) and the Projections (as defined in the Priming Credit Agreement). 

6.    Local Counsel Advice & Further Assurances. At any time and from time to time, upon the
request of the Collateral Agent, and at the sole expense of the Loan Parties, the Loan Parties shall promptly and duly authorize, execute and deliver, and have recorded, such further instruments and documents and take such further actions as the
Collateral Agent may reasonably request to be taken, whether in the United States or outside the United States, for the purpose of obtaining or preserving the full benefits of the Loan Documents upon execution of this Amendment and of the
rights and powers therein granted, including, the filing of any financing 

  
 -3- 

 
or continuation statements under the UCC (or other similar laws) in effect in any jurisdiction within or without the United States with respect to the security interests and other obligations
created by the Loan Documents. 
 7.    Reaffirmation of Credit Support. 

(a)    The Loan Parties acknowledge that on and as of the Amendment No. 1 Effective Date all Obligations are payable
without defense, offset, counterclaim or recoupment. Each of the Borrowers and each Guarantor (collectively, the “Credit Support Parties”) has read this Amendment and consents to the terms hereof and further hereby confirms and
agrees that, notwithstanding the effectiveness of this Amendment, the obligations of such Credit Support Party under, and the Liens granted by such Credit Support Party as collateral security for the Indebtedness, obligations and liabilities
evidenced by the Credit Agreement and the other Loan Documents (as amended hereby) pursuant to, each of the Loan Documents (as amended hereby) to which such Credit Support Party is a party shall not be impaired, and each of the Loan Documents (as
amended hereby) to which such Credit Support Party is a party is, and shall continue to be, in full force and effect and are hereby confirmed and ratified in all respects. 

(b)    Each Credit Support Party (other than the Borrowers) acknowledges and agrees that (i) notwithstanding the
conditions to effectiveness set forth in this Amendment, such Credit Support Party is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this
Amendment and (ii) nothing in the Credit Agreement (as amended hereby), this Amendment or any other Loan Document (as amended hereby) shall be deemed to require the consent of such Credit Support Party to any future amendments to the Credit
Agreement. 
 8.    Acknowledgments and Agreements. 

(a)    The Borrowers do hereby adopt, ratify, and confirm the Credit Agreement, as amended hereby, and acknowledge and each
agree that the Credit Agreement, as amended hereby, is and remains in full force and effect, and each Borrower acknowledges and agrees that its liabilities and obligations under the Credit Agreement, as amended hereby, and the other Loan Documents,
are not impaired in any respect by this Amendment. 
 (b)    From and after the Amendment No. 1 Effective Date, all
references to the Credit Agreement and the Loan Documents shall mean such Credit Agreement and such Loan Documents as amended by this Amendment and the other documents executed pursuant hereto. This Amendment is a Loan Document for the purposes of
the provisions of the other Loan Documents. Without limiting the foregoing, any breach of representations, warranties, and covenants under this Amendment shall be a Default or Event of Default, as applicable, under the Credit Agreement. 

  
 -4- 

 9.    Miscellaneous. 

(a)    Except as specifically modified by this Amendment, the Credit Agreement and the other Loan Documents shall remain in
full force and effect and are hereby ratified and confirmed. 
 (b)    The execution, delivery and performance of this
Amendment shall not constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of any Agent, Lender or Issuer under, the Credit Agreement or any of the other Loan Documents. 

(c)    The Lenders and Issuers party hereto hereby authorize and direct the applicable Administrative Agent, in its
capacity as such, to execute and deliver the “Act of Parity Debtholders & Act of Secured Debtholders” in substantially the form attached hereto as Exhibit B hereto. 

10.    Cooperation with Advisors. Upon reasonable advance notice, the Borrowers and the Parent will provide FTI
Consulting, Inc. and Centerview Partners LLC with reasonable access, during normal business hours, to the books and records of the Parent and its Subsidiaries and the management and advisors of the Parent and each Subsidiary, provided, that
(x) such access does not unreasonably interfere with the normal business operations of the Parent or any of its Subsidiaries or Affiliates, and (y) nothing herein will require the Borrowers or the Parent to provide access to or disclose
any information if, in the good faith reasonable belief of the Borrowers or the Parent after consultation with outside counsel, such access or disclosure (1) would waive any legal privilege or (2) would be in violation of applicable law or
the provisions of any material agreement (including a confidentiality agreement) to which the Parent or any of its Subsidiaries or Affiliates is a party. 

11.    Counterparts. This Amendment may be executed in any number of counterparts and by different parties in
separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Signature pages may be detached from multiple separate counterparts and attached to
a single counterpart so that all signature pages are attached to the same document. Delivery of an executed counterpart of a signature page of this Amendment by telecopy or other electronic imaging means shall be effective as delivery of a manually
executed counterpart hereof. 
 12.    Successors and Assigns. This Amendment shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns permitted pursuant to the Credit Agreement; provided that, notwithstanding anything herein to the contrary, the parties hereto hereby agree that each of Collateral Agent,
Barclays Bank PLC, in its capacity as Term Loan Administrative Agent and Credit Agricole Corporate and Investment Bank, in its capacity as Revolving and LC Administrative Agent, shall have rights as a third party beneficiary to the terms, conditions
and provisions of this Amendment. 
 13.    Severability. If any provision of this Amendment is held to be
illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Amendment 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 

  
 -5- 

 
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. 
 14.    Governing Law. THIS
AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO (INCLUDING THE SUBMISSION TO JURISDICTION IN SECTION 11.12 OF THE CREDIT AGREEMENT) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW
OF THE STATE OF NEW YORK, WITHOUT REGARD TO ITS CONFLICTS OF LAWS PROVISIONS.  
 15.    Entire Agreement.
THIS AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS COLLECTIVELY REPRESENT THE FINAL AGREEMENT BY AND AMONG LENDERS, ISSUERS, ADMINISTRATIVE AGENTS AND LOAN PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR
SUBSEQUENT ORAL AGREEMENTS OF LENDERS, ISSUERS, ADMINISTRATIVE AGENTS AND LOAN PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN OR AMONG LENDERS, ISSUERS, ADMINISTRATIVE AGENTS AND LOAN PARTIES. 

16.    Release. EACH OF THE PARENT, EACH BORROWER AND THE OTHER LOAN PARTIES AND THEIR AFFILIATES ON BEHALF OF
THEMSELVES AND THEIR FORMER AND CURRENT RELATED PARTIES AND EACH OF THEIR PREDECESSORS, AGENTS, EMPLOYEES, SUCCESSORS AND ASSIGNS (THE “RELEASING PARTIES”) HEREBY ACKNOWLEDGES AND AGREES THAT IT DOES NOT
HAVE ANY CLAIMS, DEMANDS, ACTIONS, CAUSES OF ACTION, DAMAGES, COSTS, EXPENSES, OR LIABILITIES WHATSOEVER, KNOWN OR UNKNOWN, ANTICIPATED OR UNANTICIPATED, SUSPECTED OR UNSUSPECTED, FIXED, CONTINGENT, OR CONDITIONAL, AT LAW OR IN EQUITY, ORIGINATING
IN WHOLE OR IN PART ON OR BEFORE THE AMENDMENT NO. 1 EFFECTIVE DATE IN CONNECTION WITH THE CREDIT AGREEMENT, COLLATERAL AGENCY AND INTERCREDITOR AGREEMENT OR ANY LOAN DOCUMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREUNDER, IRRESPECTIVE OF
WHETHER ANY SUCH CLAIMS ARISE OUT OF CONTRACT, TORT, VIOLATION OF LAW OR REGULATIONS, OR OTHERWISE (EACH A “CAUSE OF ACTION”) THAT CAN BE ASSERTED TO REDUCE OR ELIMINATE ALL OR ANY PART OF THE LIABILITY
OF ANY BORROWER TO REPAY OR ANY GUARANTOR TO GUARANTEE THE OBLIGATIONS AS PROVIDED IN THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS OR TO SEEK AFFIRMATIVE RELIEF OR DAMAGES OF ANY KIND OR NATURE FROM ANY AGENT, ANY LENDER OR ANY ISSUER OR
ANY OF THEIR RESPECTIVE CURRENT OR FORMER RELATED PARTIES AND EACH OF THEIR PREDECESSORS, AGENTS, EMPLOYEES, SUCCESSORS AND ASSIGNS (COLLECTIVELY, THE “RELEASED PARTIES”). EACH OF THE RELEASING PARTIES
HEREBY VOLUNTARILY AND KNOWINGLY, FOR VALUABLE CONSIDERATION RECEIVED, RELEASES AND FOREVER DISCHARGES THE RELEASED PARTIES FROM ALL POSSIBLE CAUSES OF ACTION (AS DEFINED  

  
 -6- 

 
ABOVE) WHICH ANY OF THE RELEASING PARTIES MAY NOW HAVE AGAINST THE RELEASED PARTIES, IF ANY, INCLUDING, WITHOUT LIMITATION, THE EXERCISE OF ANY RIGHTS AND REMEDIES UNDER THE CREDIT AGREEMENT
OR OTHER LOAN DOCUMENTS, AND NEGOTIATION AND EXECUTION OF THIS AMENDMENT. 
 [SIGNATURES BEGIN ON NEXT PAGE] 

  
 -7- 

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

			
	 MCDERMOTT TECHNOLOGY (AMERICAS), INC.,

as Borrower

 

			
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Treasurer

  

			
	 MCDERMOTT TECHNOLOGY (US), INC.,
 as
Borrower

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Treasurer

  

			
	 MCDERMOTT TECHNOLOGY, B.V.,
 as
Borrower

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Attorney

  

			
	 MCDERMOTT INTERNATIONAL, INC.,
 as
Parent

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Vice President, Treasurer

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

					
		 	 CB&I BRAZIL HOLDINGS, INC.

CB&I ENERGY SERVICES, LLC
 CB&I FABRICATION, LLC

CB&I GROUP INC.
 CB&I HOLDCO INTERNATIONAL, LLC

CB&I HOLDCO, LLC
 CB&I INTERNATIONAL, INC.

CB&I INTERNATIONAL, LLC
 CB&I LAKE CHARLES, L.L.C.

CB&I OFFSHORE SERVICES, INC.
 CB&I POWER INTERNATIONAL,
INC.
 CB&I POWER, LLC
 CB&I RIO GRANDE HOLDINGS,
L.L.C.
 CB&I RIO GRANDE VALLEY FABRICATION & MANUFACTURING, L.L.C.

CB&I WALKER LA, L.L.C.
 INTERNATIONAL CONSULTANTS, L.L.C.

J. RAY HOLDINGS, INC.
 MCDERMOTT, INC.

PIKE PROPERTIES II, INC.
 SHAW ENERGY SERVICES, INC.

SHAW FABRICATORS, INC.
 SHAW HOME LOUISIANA, LLC

SHAW JV HOLDINGS, L.L.C.
 SHAW MANAGED SERVICES, LLC

SHAW NUCLEAR ENERGY HOLDINGS (UK), INC.

SHAW POWER DELIVERY SYSTEMS, INC.
 SHAW POWER SERVICES, LLC

SHAW PROCESS FABRICATORS, INC.
 SHAW SERVICES, L.L.C.

SHAW SSS FABRICATORS, INC.

 

					
		 	By:	 	 /s/ Kevin Hargrove

		 	Name:	 	Kevin Hargrove
		 	Title:	 	Assistant Treasurer

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	 CATALYTIC DISTILLATION TECHNOLOGIES

CB&I INTERNATIONAL ONE, LLC

CBI SERVICES, LLC

CHEMICAL RESEARCH AND LICENSING, LLC

EDS EQUIPMENT COMPANY, LLC

LUMMUS CONSULTANTS INTERNATIONAL LLC

S C WOODS, L.L.C.

SHAW FAR EAST SERVICES, LLC

SHAW POWER SERVICES GROUP, L.L.C.

CB&I STORAGE TANK SOLUTIONS LLC

CB&I STS DELAWARE LLC

CB&I STS HOLDINGS LLC

CBI COMPANY LTD.

CSA TRADING COMPANY LTD.

OCEANIC CONTRACTORS, INC.

SHAW NC COMPANY, INC.

 

			
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorized Person

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	 SHAW BENECO, INC.
 SHAW
INTERNATIONAL MANAGEMENT SERVICES TWO, INC.
 SHAW MANAGEMENT SERVICES ONE, INC.

SHAW POWER TECHNOLOGIES, INC.
 SHAW TRANSMISSION &
DISTRIBUTION SERVICES, INC.

		
	By:	  	 /s/ Mark Coscio

	Name:	  	Mark Coscio
	Title:	  	President

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	 HYDRO MARINE SERVICES, INC.
 J. RAY
MCDERMOTT INTERNATIONAL, INC.
 J. RAY MCDERMOTT, S.A.

MCDERMOTT (AMAZON CHARTERING), INC.
 MCDERMOTT GULF OPERATING
COMPANY, INC.
 MCDERMOTT INTERNATIONAL MANAGEMENT, S. DE RL.

MCDERMOTT INTERNATIONAL TRADING CO., INC.
 MCDERMOTT INTERNATIONAL
VESSELS, INC.
 J. RAY MCDERMOTT FAR EAST, INC.
 J. RAY
MCDERMOTT UNDERWATER SERVICES, INC.
 MCDERMOTT CASPIAN CONTRACTORS, INC.

MCDERMOTT INTERNATIONAL INVESTMENTS CO., INC.
 MCDERMOTT MIDDLE
EAST, INC.
 MCDERMOTT OLD JV OFFICE, INC.
 MCDERMOTT OVERSEAS,
INC.
 MCDERMOTT SUBSEA, INC.
 EASTERN MARINE SERVICES, INC.

MCDERMOTT OFFSHORE SERVICES COMPANY, INC.
 NORTH ATLANTIC VESSEL,
INC.

		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Treasurer
	
	CBI PANAMA, S.A.
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorized Person

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	Executed as a Deed by
	CB&I MIDDLE EAST HOLDING, INC.
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Treasurer
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed as a Deed by
	ENVIRONMENTAL SOLUTIONS (CAYMAN) LTD.
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Treasurer
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	Executed as a Deed by
	ENVIRONMENTAL SOLUTIONS HOLDING LTD.
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Treasurer
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed as a Deed by
	ENVIRONMENTAL SOLUTIONS LTD.
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorized Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed as a Deed by
	HIGHLAND TRADING COMPANY, LTD.
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorized Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	Executed as a Deed by
	OASIS SUPPLY COMPANY, LTD.
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorized Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed as a Deed by
	SHAW E & I INTERNATIONAL LTD.
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Treasurer
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed as a Deed by
	SHAW OVERSEAS (MIDDLE EAST) LTD.
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Treasurer
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	Executed as a Deed by
	J. RAY MCDERMOTT INTERNATIONAL VESSELS, LTD.
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Assistant Treasurer
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed as a Deed by
	MCDERMOTT CAYMAN LTD.
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Assistant Treasurer
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed as a Deed by
	OFFSHORE PIPELINES INTERNATIONAL, LTD.
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Assistant Treasurer
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	J. RAY MCDERMOTT (NORWAY), AS
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Treasurer

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	 CB&I CANADA LTD.
 HORTON CBI,
LIMITED
 LUTECH RESOURCES CANADA LTD.

		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorized Person

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	 MCDERMOTT TECHNOLOGY, B.V.
 CB&I
COJAFEX B.V.
 CB&I EUROPE B.V.
 CB&I HOLDINGS B.V.

CB&I POWER COMPANY B.V.
 CB&I RUSLAND B.V.

CBI COMPANY B.V.
 CBI COMPANY TWO B.V.

CHICAGO BRIDGE & IRON COMPANY B.V.
 COMET II B.V.

LEALAND FINANCE COMPANY B.V.
 LUMMUS TECHNOLOGY B.V.

LUTECH PROJECT SOLUTIONS B.V.
 LUTECH PROJECTS B.V.

MCDERMOTT TECHNOLOGY (2), B.V.
 MCDERMOTT TECHNOLOGY (3), B.V.

NETHERLANDS OPERATING COMPANY B.V.

		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Attorney

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	NOVOLEN TECHNOLOGY HOLDINGS C.V.
		
	By:	  	 McDermott Technology (3), B.V., acting in its capacity as general partner

 
 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Attorney

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
	
	 Executed by J. RAY MCDERMOTT (AUST.) HOLDING PTY. LIMITED. ACN 002 797 668 by its Treasurer under power of attorney which the
Treasurer has received no notice of the revocation of the power:
  

/s/ Kevin Hargrove

	Signature of Treasurer
	
	 Kevin Hargrove
 Name of Treasurer
(print)

	
	 Executed by MCDERMOTT AUSTRALIA PTY. LTD. ACN 002 736 352 by its Treasurer under power of attorney which the Treasurer has received no
notice of the revocation of the power:
  
 /s/ Kevin
Hargrove

	Signature of Treasurer
	
	 Kevin Hargrove
 Name of Treasurer
(print)

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
	
	Executed by CBI CONSTRUCTORS PTY LTD ACN 000 612 411 by its Treasurer under power of attorney which the Treasurer has received no notice of the revocation of the power:
	
	 /s/ Kevin Hargrove

Signature of attorney

	
	 Kevin Hargrove
 Name of Treasurer
(print)

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	 CHICAGO BRIDGE & IRON (ANTILLES) N.V.

MCDERMOTT INTERNATIONAL MARINE INVESTMENTS N.V.
 MCDERMOTT
OVERSEAS INVESTMENT CO. N.V.
 VARSY INTERNATIONAL N.V.

		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Attorney

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
					
	SIGNED AND DELIVERED for and on behalf of and as the deed of CB & I FINANCE COMPANY LIMITED by its lawfully appointed attorney	  		  	
			
	 KEVIN HARGROVE
  

in the presence of:
  

(Signature of Witness):
 /s/ Ryan McNulty

 
 (Name of Witness): Ryan McNulty

 
 (Address of Witness): Kirkland & Ellis, 609 Main St., Houston,
TX 77002
  
 (Occupation of Witness): Associate
	  	 
 

 

 

    
	  	 /s/ Kevin Hargrove
  

Attorney

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	Executed and Delivered as a Deed by
	AITON & CO LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed and Delivered as a Deed by
	CB&I CONSTRUCTORS LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed and Delivered as a Deed by
	CB&I GROUP UK HOLDINGS
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	Executed and Delivered as a Deed by
	CB&I HOLDINGS (UK) LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed and Delivered as a Deed by
	CB&I LONDON
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed and Delivered as a Deed by
	CB&I PADDINGTON LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	Executed and Delivered as a Deed by
	CB&I POWER LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed and Delivered as a Deed by
	CB&I UK LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed and Delivered as a Deed by
	CBI UK CAYMAN ACQUISITION LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	Executed and Delivered as a Deed by
	LUMMUS CONSULTANTS INTERNATIONAL LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed and Delivered as a Deed by
	LUTECH RESOURCES LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed and Delivered as a Deed by
	OXFORD METAL SUPPLY LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	Executed and Delivered as a Deed by
	PIPEWORK ENGINEERING AND DEVELOPMENTS LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed and Delivered as a Deed by
	SHAW DUNN LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	Executed and Delivered as a Deed by
	SHAW GROUP UK LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed and Delivered as a Deed by
	WHESSOE PIPING SYSTEMS LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	Executed and Delivered as a Deed by
	MCDERMOTT HOLDINGS (U.K.) LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorised Person
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate
	
	Executed and Delivered as a Deed by
	MCDERMOTT MARINE CONSTRUCTION LIMITED
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Treasurer
	
	Witnessed
		
	By:	  	 /s/ Ryan McNulty

	Name:	  	Ryan McNulty
	Title:	  	Associate

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	CBI EASTERN ANSTALT
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorized Person

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	 J. RAY MCDERMOTT DE MEXICO, S.A. DE C.V.

MCDERMOTT MARINE MEXICO, S.A. DE C.V.
 SERVICIOS DE FABRICACION DE
ALTAMIRA, S.A. DE C.V.
 SERVICIOS PROFESIONALES DE ALTAMIRA, S.A. DE C.V.

CB&I MATAMOROS, S. DE R. L. DE C.V..

		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Assistant Treasurer
	
	CHICAGO BRIDGE DE MEXICO, S.A. DE C.V.
		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorized Person

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	 CB&I NEDERLAND B.V.
 CB&I
OIL & GAS EUROPE B.V.
 LUMMUS TECHNOLOGY HEAT TRANSFER B.V.

		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Attorney

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

			
	 CHARTERING COMPANY (SINGAPORE) PTE. LTD

J. RAY MCDERMOTT (QINGDAO) PTE. LTD.
 MCDERMOTT ASIA PACIFIC PTE.
LTD.

		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Assistant Treasurer
	
	 CHARTERING COMPANY (SINGAPORE) PTE. LTD

J. RAY MCDERMOTT (QINGDAO) PTE. LTD.
 MCDERMOTT ASIA PACIFIC PTE.
LTD.

		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Authorized Person

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

			
	 CB&I EL DORADO, INC.
 CB&I LLC

CHICAGO BRIDGE & IRON COMPANY
 J. RAY MCDERMOTT
TECHNOLOGY, INC.
 LUMMUS GASIFICATION TECHNOLOGY LICENSING LLC

MCDERMOTT BLACKBIRD HOLDINGS, LLC
 MCDERMOTT INVESTMENTS, LLC

OPI VESSELS, INC.
 850 PINE STREET LLC

A & B BUILDERS, LTD.
 ASIA PACIFIC SUPPLY CO.

ATLANTIC CONTINGENCY CONSTRUCTORS II, LLC
 ATLANTIS CONTRACTORS
INC.
 CB&I CLEARFIELD, INC.
 CB&I CONNECTICUT, INC.

CB&I FINANCIAL RESOURCES LLC
 CB&I GLOBAL, L.L.C.

CB&I HOUSTON 06 LLC
 CB&I HOUSTON 07 LLC

CB&I HOUSTON 08 LLC
 CB&I HOUSTON 09 LLC

CB&I HOUSTON 10 LLC
 CB&I HOUSTON 11 LLC

CB&I HOUSTON 12 LLC
 CB&I HOUSTON 13 LLC

CB&I HOUSTON LLC
 CB&I TYLER LLC

CBI AMERICAS LTD.
 CBI OVERSEAS (FAR EAST) INC.

CBI US HOLDING COMPANY INC.
 CENTRAL TRADING COMPANY LTD.

HBI HOLDINGS, LLC
 CB&I LAURENS, INC.

CB&I NORTH CAROLINA, INC.
 CHICAGO BRIDGE & IRON
COMPANY (DELAWARE)
	  	 CBI HOLDCO TWO INC.
 CHICAGO BRIDGE &
IRON COMPANY (NETHERLANDS), LLC
 CONSTRUCTORS INTERNATIONAL, L.L.C.

HOWE-BAKER ENGINEERS, LTD.
 HOWE-BAKER HOLDINGS, L.L.C.

HOWE-BAKER INTERNATIONAL MANAGEMENT, LLC
 HOWE-BAKER
INTERNATIONAL, L.L.C.
 HOWE-BAKER MANAGEMENT, L.L.C.
 J. RAY
MCDERMOTT SOLUTIONS, INC.
 LUMMUS TECHNOLOGY INTERNATIONAL LLC

LUMMUS TECHNOLOGY LLC
 LUMMUS TECHNOLOGY OVERSEAS LLC

LUMMUS TECHNOLOGY SERVICES LLC
 LUMMUS TECHNOLOGY VENTURES LLC

MATRIX ENGINEERING, LTD.
 MATRIX MANAGEMENT SERVICES, LLC

MCDERMOTT ENGINEERING, LLC
 MCDERMOTT SUBSEA ENGINEERING, INC.

NUCLEAR ENERGY HOLDINGS, L.L.C.
 PROSPECT INDUSTRIES (HOLDINGS)
INC.
 SHAW CONNEX, INC.
 SHAW INTERNATIONAL INC.

SHAW TRANSMISSION & DISTRIBUTION SERVICES INTERNATIONAL, INC.

SPARTEC, INC.
 TVL LENDER II, INC.

CB&I PROJECT SERVICES GROUP, LLC
 CBI OVERSEAS, LLC

LUTECH RESOURCES INC.

 

			
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Treasurer

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

 
			
	 J. RAY MCDERMOTT HOLDINGS, LLC

MCDERMOTT FINANCE L.L.C.

		
	By:	  	 /s/ Kevin Hargrove

	Name:	  	Kevin Hargrove
	Title:	  	Vice President, Treasurer

  
 AMENDMENT
NO. 1 SIGNATURE PAGE 

					
	 ADMINISTRATIVE AGENT
 OF THE REVOLVING
CREDIT
	 		 	
	FACILITY AND LC FACILITY:	 	CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as Revolving and LC Administrative Agent, Cash Secured LC Issuer, Swing Loan Lender, Revolving Lender and LC Lender
			
		 	By:	 	 /s/ Kathleen Sweeney

		 	Name:	 	Kathleen Sweeney
		 	Title:	 	Managing Director
			
		 	By:	 	 /s/ Yuriy A. Tsyganov

		 	Name:	 	Yuriy A. Tsyganov
		 	Title:	 	Director

  
 AMENDMENT NO. 1 SIGNATURE
PAGE 

 ADMINISTRATIVE AGENT 

OF THE TERM FACILITY: 
  

			
	BARCLAYS BANK PLC, as Administrative Agent for the Term Facility
		
	By:	 	 /s/ Robert Silverman

	Name:	 	Robert Silverman
	Title:	 	Managing Director

  
 AMENDMENT NO. 1 SIGNATURE
PAGE 

					
	LIQUIDITY LENDERS:	 	                            BARCLAYS BANK PLC, as 
a LC Lender

					
			
		 	By:	 	 /s/ Robert Silverman

		 	Name:	 	Robert Silverman
		 	Title:	 	Managing Director

  
 AMENDMENT NO. 1 SIGNATURE
PAGE 

					
	LIQUIDITY LENDERS:	 	GOLDMAN SACHS BANK USA, as a LC Lender
			
		 	By:	 	 /s/ Jamie Minieri

		 	Name:	 	Jamie Minieri
		 	Title:	 	Authorized Signatory

  
 AMENDMENT NO. 1 SIGNATURE
PAGE 

			
	BARCLAYS BANK PLC, as a Revolving Lender
		
	By:	 	 /s/ Robert Silverman

	Name:	 	Robert Silverman
	Title:	 	Managing Director

  
 AMENDMENT NO. 1 SIGNATURE
PAGE 

 
			
	MUFG BANK, LTD., as an Issuer, Revolving Lender, and LC Lender
		
	By:	 	 /s/ Ellen Ruschhaupt

	Name:	 	Ellen Ruschhaupt
	Title:	 	Director

  
 AMENDMENT NO. 1 SIGNATURE
PAGE 

 
			
	ABN AMRO Capital USA LLC, as a Revolving Lender and LC Lender
		
	By:	 	 /s/ Hugo Diogo

	Name:	 	Hugo Diogo
	Title:	 	
		
	By:	 	 /s/ Francis Ballard, Jr.

	Name:	 	Francis Ballard, Jr.
	Title:	 	Director

  
 AMENDMENT NO. 1 SIGNATURE
PAGE 

 
			
	THE BANK OF NOVA SCOTIA, as an Issuer, Revolving Lender, and LC Lender
		
	By:	 	 /s/ Hiliary Lai

	Name:	 	Hiliary Lai
	Title:	 	Senior Manager
		
	By:	 	 /s/ Justin Mitges

	Name:	 	Justin Mitges
	Title:	 	Director

  
 AMENDMENT NO. 1 SIGNATURE
PAGE 

 
			
	ROYAL BANK OF CANADA, as a LC Lender
		
	By:	 	 /s/ H. Christopher DeCotiis

	Name:	 	H. Christopher DeCotiis
	Title:	 	Authorized Signatory

  
 AMENDMENT NO. 1 SIGNATURE
PAGE 

 
			
	DBS BANK LTD., as an Issuer, Revolving Lender, and LC Lender
		
	By:	 	 /s/ Henry Choo

	Name:	 	Henry Choo
	Title:	 	Vice President

  
 AMENDMENT NO. 1 SIGNATURE
PAGE 

 
			
	HSBC BANK USA, NATIONAL ASSOCIATION, as an Issuer and Revolving Lender
		
	By:	 	 /s/ Patrick M. Hanley

	Name:	 	Patrick M. Hanley
	Title:	 	Senior Vice President

  
 AMENDMENT NO. 1 SIGNATURE
PAGE 

 
			
	NIBC BANK N.V., as an LC Lender
		
	By:	 	 /s/ J. H. Nagtegaal

	Name:	 	J. H. Nagtegaal
	Title:	 	

  

			
	By:	 	 /s/ Erwin Keller

	Name:	 	Erwin Keller
	Title:	 	Associate Director

  
 AMENDMENT NO. 1 SIGNATURE
PAGE 

 
			
	SUNTRUST BANK, as a Revolving Lender and LC Lender
		
	By:	 	 /s/ Juan De Jesus-Caballero

	Name:	 	Juan De Jesus-Caballero
	Title:	 	Senior Vice President

  
 AMENDMENT NO. 1 SIGNATURE
PAGE 

 
			
	MORGAN STANLEY SENIOR FUNDING,
INC., as a LC Lender
		
	By:	 	 /s/ Kevin Newman

	Name:	 	Kevin Newman
	Title:	 	Vice President

  
 AMENDMENT NO. 1 SIGNATURE
PAGE 

 EXHIBIT A 

[Attached] 

 Execution
Version[Exhibit A to Amendment No. 1 to Existing Credit Agreement Amendment] 

CREDIT AGREEMENT 
 Dated
as of May 10, 2018 
 among 

MCDERMOTT TECHNOLOGY (AMERICAS), INC., 

MCDERMOTT TECHNOLOGY (US), INC., 

and 

MCDERMOTT TECHNOLOGY, B.V., 

as Borrowers 
 and

 MCDERMOTT INTERNATIONAL, INC., 

as Parent 
 and 

THE LENDERS AND ISSUERS PARTY HERETO 

and 

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT
BANK, 
 as Revolving and LC Administrative Agent 

and 

BARCLAYS BANK PLC, 

as Term Loan Administrative Agent 

and 

BARCLAYS BANK PLC, 

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT
BANK, 
 GOLDMAN SACHS BANK USA, 

ABN AMRO CAPITAL USA LLC, 

MUFG BANK, LTD., 

and 

ROYAL BANK OF CANADA, 

as Joint Lead Arrangers and Joint Lead Bookrunners 

and 

STANDARD CHARTERED BANK, 

as Co-Manager 

and 

 BARCLAYS BANK PLC, 

and 
 CRÉDIT
AGRICOLE CORPORATE AND INVESTMENT BANK, 
 as Co-Syndication Agents 

and 
 GOLDMAN SACHS BANK
USA, 
 ABN AMRO CAPITAL USA LLC, 

MUFG BANK, LTD., 
 ROYAL
BANK OF CANADA, 
 and 

STANDARD CHARTERED BANK, 

as Co-Documentation Agents 

 TABLE OF CONTENTS 

 

									
		    		  	 	PAGE	 
			
	 ARTICLE I
	    		  			
			
		    	
                Definitions,
Interpretation And Accounting Terms
	  	 	1	 
				
		    	Section 1.1	    	 Defined Terms
	  	 	1	 
		    	Section 1.2	    	 Computation of Time Periods
	  	 	6669	 
		    	Section 1.3	    	 Accounting Terms and Principles
	  	 	6669	 
		    	Section 1.4	    	 Certain Terms
	  	 	6769	 
		    	Section 1.5	    	 Dutch Terms
	  	 	6871	 
			
	 ARTICLE II
	    		  			
			
		    	
                The Loans and
Letters of Credit
	  	 	6972	 
				
		    	Section 2.1	    	 Loan Commitments
	  	 	6972	 
		    	Section 2.2	    	 Borrowing Procedures for the Loans
	  	 	7072	 
		    	Section 2.3	    	 Swing Loans
	  	 	7275	 
		    	Section 2.4	    	 Revolving Letters of Credit
	  	 	7477	 
		    	Section 2.5	    	 LC Facility Letters of Credit
	  	 	7679	 
		    	Section 2.6	    	 Cash Secured Letters of Credit
	  	 	7781	 
		    	Section 2.7	    	 Letters of Credit Generally
	  	 	8084	 
		    	Section 2.8	    	 Reduction and Termination of the Commitments
	  	 	8791	 
		    	Section 2.9	    	 Repayment of Loans
	  	 	8892	 
		    	Section 2.10	    	 Evidence of Debt
	  	 	8993	 
		    	Section 2.11	    	 Voluntary Prepayments; Term Loan Call Protection
	  	 	9094	 
		    	Section 2.12	    	 Mandatory Prepayments
	  	 	9195	 
		    	Section 2.13	    	 Interest
	  	 	9499	 
		    	Section 2.14	    	 Conversion/Continuation Option
	  	 	96100	 
		    	Section 2.15	    	 Fees
	  	 	97101	 
		    	Section 2.16	    	 Payments and Computations
	  	 	99104	 
		    	Section 2.17	    	 Special Provisions Governing Eurodollar Rate Loans
	  	 	102107	 
		    	Section 2.18	    	 Capital Adequacy
	  	 	105110	 
		    	Section 2.19	    	 Taxes
	  	 	105110	 
		    	Section 2.20	    	 Substitution of Lenders
	  	 	110115	 
		    	Section 2.21	    	 Mitigation
	  	 	111116	 
		    	Section 2.22	    	 Cash Collateral
	  	 	112117	 
		    	Section 2.23	    	 Defaulting Lenders
	  	 	113118	 
		    	Section 2.24	    	 Incremental Facility Commitments
	  	 	115120	 
		    	Section 2.25	    	 Extension Offers
	  	 	124	 

  
 -i- 

 TABLE OF CONTENTS 

(CONTINUED) 
  

									
	 ARTICLE III
	    		  			
			
		    	
                Conditions To Loans
And Letters Of Credit
	  	 	120125	 
				
		    	 Section 3.1
	    	 Conditions Precedent to Execution
	  	 	120125	 
		    	 Section 3.2
	    	 Conditions Precedent to Effectiveness
	  	 	120125	 
		    	 Section 3.3
	    	 Conditions Precedent to Each Loan and Letter of Credit
	  	 	124129	 
			
	 ARTICLE IV
	    		  			
			
		    	                Representations and Warranties	  	 	125131	 
				
		    	 Section 4.1
	    	 Corporate Existence; Compliance with Law
	  	 	125131	 
		    	 Section 4.2
	    	 Corporate Power; Authorization; Enforceable Obligations
	  	 	126131	 
		    	 Section 4.3
	    	 Ownership of Borrowers; Subsidiaries
	  	 	127132	 
		    	 Section 4.4
	    	 Financial Statements
	  	 	128133	 
		    	 Section 4.5
	    	 Material Adverse Effect
	  	 	129134	 
		    	 Section 4.6
	    	 Solvency
	  	 	129134	 
		    	 Section 4.7
	    	 Litigation
	  	 	129134	 
		    	 Section 4.8
	    	 Taxes
	  	 	129134	 
		    	 Section 4.9
	    	 Full Disclosure
	  	 	129135	 
		    	 Section 4.10
	    	 Margin Regulations
	  	 	130135	 
		    	 Section 4.11
	    	 No Burdensome Restrictions; No Defaults
	  	 	130135	 
		    	 Section 4.12
	    	 Statutory Indebtedness Restrictions
	  	 	130136	 
		    	 Section 4.13
	    	 Use of Proceeds
	  	 	130136	 
		    	 Section 4.14
	    	 Insurance
	  	 	131137	 
		    	 Section 4.15
	    	 Labor Matters
	  	 	131137	 
		    	 Section 4.16
	    	 ERISA
	  	 	132137	 
		    	 Section 4.17
	    	 Environmental Matters
	  	 	133138	 
		    	 Section 4.18
	    	 Intellectual Property
	  	 	134139	 
		    	 Section 4.19
	    	 Title; Real Property
	  	 	134139	 
		    	 Section 4.20
	    	 Mortgaged Vessels
	  	 	136141	 
		    	 Section 4.21
	    	 Anti-Corruption Laws and Sanctions
	  	 	136141	 
		    	 Section 4.22
	    	 EEA Financial Institution
	  	 	136142	 
		    	 Section 4.23
	    	 Security Instruments
	  	 	136142	 
		    	 Section 4.24
	    	 Regulation H
	  	 	137142	 
		    	 Section 4.25
	    	 USA Patriot Act
	  	 	137142	 
			
	 ARTICLE V
	    		  			
			
		    	
                Financial
Covenants
	  	 	137143	 
				
		    	 Section 5.1
	    	 Fixed Charge Coverage Ratio
	  	 	137143	 
		    	 Section 5.2
	    	 Leverage Ratio
	  	 	138143	 
		    	 Section 5.3
	    	 Minimum Liquidity
	  	 	138143	 

  
 -ii- 

 TABLE OF CONTENTS 

(CONTINUED) 
  

									
	 ARTICLE VI
	    		  			
			
		    	
                Reporting
Covenants
	  	 	138144	 
				
		    	 Section 6.1
	    	 Financial Statements
	  	 	138144	 
		    	 Section 6.2
	    	 Collateral Reporting Requirements
	  	 	140146	 
		    	 Section 6.3
	    	 Default Notices
	  	 	142148	 
		    	 Section 6.4
	    	 Litigation
	  	 	142148	 
		    	 Section 6.5
	    	 Labor Relations
	  	 	142148	 
		    	 Section 6.6
	    	 Tax Returns
	  	 	143148	 
		    	 Section 6.7
	    	 Insurance
	  	 	143149	 
		    	 Section 6.8
	    	 ERISA Matters
	  	 	143149	 
		    	 Section 6.9
	    	 Environmental Matters
	  	 	144150	 
		    	 Section 6.10
	    	 Patriot Act Information
	  	 	144150	 
		    	 Section 6.11
	    	 Other Information
	  	 	145151	 
			
	 ARTICLE VII
	    		  			
			
		    	
                Affirmative
Covenants
	  	 	145151	 
				
		    	 Section 7.1
	    	 Preservation of Corporate Existence, Etc.
	  	 	145151	 
		    	 Section 7.2
	    	 Compliance with Laws, Etc.
	  	 	146151	 
		    	 Section 7.3
	    	 Conduct of Business
	  	 	146152	 
		    	 Section 7.4
	    	 Payment of Taxes, Etc.
	  	 	146152	 
		    	 Section 7.5
	    	 Maintenance of Insurance
	  	 	146152	 
		    	 Section 7.6
	    	 Access
	  	 	147153	 
		    	 Section 7.7
	    	 Keeping of Books
	  	 	148153	 
		    	 Section 7.8
	    	 Maintenance of Properties, Etc.
	  	 	148153	 
		    	 Section 7.9
	    	 Application of Proceeds
	  	 	148154	 
		    	 Section 7.10
	    	 Environmental
	  	 	148154	 
		    	 Section 7.11
	    	 Additional Collateral and Guaranties
	  	 	151156	 
		    	 Section 7.12
	    	 Real Property
	  	 	152158	 
		    	 Section 7.13
	    	 Undertaking with Respect to NO 105
	  	 	153159	 
		    	 Section 7.14
	    	 Additional Undertakings
	  	 	154159	 
		    	 Section 7.15
	    	 Maintenance of Rating
	  	 	154160	 
			
	 ARTICLE VIII
	    		  			
			
		    	
                Negative
Covenants
	  	 	154160	 
				
		    	 Section 8.1
	    	 Indebtedness
	  	 	154160	 
		    	 Section 8.2
	    	 Liens, Etc.
	  	 	157163	 
		    	 Section 8.3
	    	 Acquisitions
	  	 	159165	 
		    	 Section 8.4
	    	 Sale of Assets
	  	 	160166	 
		    	 Section 8.5
	    	 Restricted Payments
	  	 	162168	 
		    	 Section 8.6
	    	 Restriction on Fundamental Changes
	  	 	164170	 
		    	 Section 8.7
	    	 Change in Nature of Business
	  	 	165171	 

  
 -iii- 

 TABLE OF CONTENTS 

(CONTINUED) 
  

									
		    	 Section 8.8
	    	 Transactions with Affiliates
	  	 	165171	 
		    	 Section 8.9
	    	 Restrictions on Subsidiary Distributions; No New Negative Pledge
	  	 	165172	 
		    	 Section 8.10
	    	 Modification of Documents
	  	 	166172	 
		    	 Section 8.11
	    	 Accounting Changes; Fiscal Year
	  	 	166172	 
		    	 Section 8.12
	    	 Margin Regulations
	  	 	166172	 
		    	 Section 8.13
	    	 Sale/Leasebacks
	  	 	166173	 
		    	 Section 8.14
	    	 Capital Expenditures
	  	 	166173	 
		    	 Section 8.15
	    	 Cancellation of Indebtedness Owed to It
	  	 	167173	 
		    	 Section 8.16
	    	 No Speculative Transactions
	  	 	167174	 
		    	 Section 8.17
	    	 Post-Termination Benefits
	  	 	167174	 
		    	 Section 8.18
	    	 Activities in Panama
	  	 	167174	 
		    	 Section 8.19
	    	 Vessel Flags
	  	 	168174	 
		    	 Section 8.20
	    	 Payments of Junior Priority Indebtedness
	  	 	168175	 
		    	 Section 8.21
	    	 Use of Proceeds
	  	 	169176	 
		    	
Section 
8.22
	    	 Restrictions
Under the Priming Credit Agreement
	  	 	176	 
			
	 ARTICLE IX
	    		  			
			
		    	
                Events of
Default
	  	 	169176	 
				
		    	 Section 9.1
	    	 Events of Default
	  	 	169176	 
		    	 Section 9.2
	    	 Remedies
	  	 	171179	 
		    	 Section 9.3
	    	 Actions in Respect of Letters of Credit
	  	 	173180	 
			
	 ARTICLE X
	    		  			
			
		    	
                The Administrative
Agents and Other Agents
	  	 	174181	 
				
		    	 Section 10.1
	    	 Authorization and Action
	  	 	174181	 
		    	 Section 10.2
	    	 Administrative Agent’s Reliance, Etc.
	  	 	176183	 
		    	 Section 10.3
	    	 The Agents Individually
	  	 	176183	 
		    	 Section 10.4
	    	 Lender Credit Decision
	  	 	177184	 
		    	 Section 10.5
	    	 Indemnification
	  	 	177184	 
		    	 Section 10.6
	    	 Successor Agents
	  	 	178185	 
		    	 Section 10.7
	    	 Concerning the Collateral and the Collateral Documents
	  	 	179186	 
		    	 Section 10.8
	    	 Collateral Matters Relating to Related Obligations
	  	 	181188	 
		    	 Section 10.9
	    	 Other Agents
	  	 	182189	 
		    	 Section 10.10
	    	 Certain ERISA Matters
	  	 	182189	 
			
	 ARTICLE XI
	    		  			
			
		    	
                
Miscellaneous
	  	 	184191	 
				
		    	 Section 11.1
	    	 Amendments, Waivers, Etc.
	  	 	184191	 
		    	 Section 11.2
	    	 Assignments and Participations
	  	 	188195	 
		    	 Section 11.3
	    	 Costs and Expenses
	  	 	197204	 

  
 -iv- 

 TABLE OF CONTENTS 

(CONTINUED) 
  

									
		    	 Section 11.4
	    	 Indemnities
	  	 	199206	 
		    	 Section 11.5
	    	 Limitation of Liability
	  	 	201208	 
		    	 Section 11.6
	    	 Right of Set-off
	  	 	202209	 
		    	 Section 11.7
	    	 Sharing of Payments, Etc.
	  	 	202209	 
		    	 Section 11.8
	    	 Notices, Etc.
	  	 	205212	 
		    	 Section 11.9
	    	 No Waiver; Remedies
	  	 	207214	 
		    	 Section 11.10
	    	 Binding Effect
	  	 	207215	 
		    	 Section 11.11
	    	 Governing Law
	  	 	207215	 
		    	 Section 11.12
	    	 Submission to Jurisdiction; Service of Process
	  	 	208215	 
		    	 Section 11.13
	    	 Waiver of Jury Trial
	  	 	208216	 
		    	 Section 11.14
	    	 Marshaling; Payments Set Aside
	  	 	208216	 
		    	 Section 11.15
	    	 Section Titles
	  	 	209216	 
		    	 Section 11.16
	    	 Execution in Counterparts
	  	 	209216	 
		    	 Section 11.17
	    	 Entire Agreement
	  	 	209216	 
		    	 Section 11.18
	    	 Confidentiality
	  	 	209217	 
		    	 Section 11.19
	    	 Judgment Currency
	  	 	210218	 
		    	 Section 11.20
	    	 Severability
	  	 	211218	 
		    	 Section 11.21
	    	 Acknowledgement and Consent to Bail-In of EEA Financial
Institutions
	  	 	211218	 
		    	 Section 11.22
	    	 Interest Rate Limitation
	  	 	212219	 
		    	 Section 11.23
	    	 Obligations Joint and Several and Unconditional
	  	 	212219	 
			
	 ARTICLE XII
	    		  			
			
		    	
                Guaranty
	  	 	213220	 
				
		    	 Section 12.1
	    	 The Guaranty
	  	 	213220	 
		    	 Section 12.2
	    	 Obligations Unconditional
	  	 	213220	 
		    	 Section 12.3
	    	 Reinstatement
	  	 	214221	 
		    	 Section 12.4
	    	 Certain Additional Waivers
	  	 	215222	 
		    	 Section 12.5
	    	 Remedies
	  	 	215222	 
		    	 Section 12.6
	    	 Guarantee of Payment; Continuing Guarantee
	  	 	215222	 

  
 -v- 

 Schedules 

Schedule I – Revolving Commitments 

Schedule II(A) – Revolving Letter of Credit Issuer Commitments 

Schedule II(B) – LC Facility Letter of Credit Issuer Commitments 

Schedule II(C) – Cash Secured Letter of Credit Issuer Commitments 

Schedule III – LC Facility Commitments 

Schedule IV – Term Commitments 

Schedule V – Guarantors 

Schedule VI(A) – Existing Revolving Letters of Credit 

Schedule VI(B) – Existing LC Facility Letters of Credit 

Schedule VI(C) – Existing Cash Secured Letters of Credit 

Schedule VII – Lloyds Letters of Credit 

Schedule 1.1 – Joint Ventures 

Schedule 3.2 – Effective Date Deliverables 

Schedule 4.3 – Ownership of Subsidiaries 

Schedule 4.7 – Litigation 

Schedule 4.15 – Labor Matters 

Schedule 4.16(d) – ERISA Events 

Schedule 4.17 – Environmental Matters 

Schedule 4.19 – Real Property 

Schedule 7.14 – Post-Effective Date Deliverables and Undertakings 

Schedule 8.1 – Existing Indebtedness 

Schedule 8.2 – Existing Liens 

Schedule 8.5 – Existing Investments 

Schedule 8.8 – Affiliate Agreements 

Schedule 8.19 – Permitted Flags 
 Exhibits

 Exhibit A – Form of Assignment and Acceptance 

Exhibit B-1 – Form of Term Promissory Note 

Exhibit B-2 – Form of Revolving Promissory Note 

Exhibit C-1 – Form of Notice of Term Borrowing 

Exhibit C-2 – Form of Notice of Revolving Borrowing 

Exhibit D – Form of Swing Loan Request 

Exhibit E – Form of Letter of Credit Request 

Exhibit F – Form of Notice of Conversion or Continuation 

Exhibit G – Global Intercompany Note 

Exhibit H – Forms of Compliance Certificate 

Exhibit I – Effective Date Certificate 

Exhibit J – Forms of Tax Certificates 

Exhibit K – Form of Junior Intercreditor Agreement 

  
 -vi- 

 This Credit Agreement (this “Agreement”) dated as of May 10, 2018 is
among McDermott Technology (Americas), Inc., a Delaware corporation, McDermott Technology (US), Inc., a Delaware corporation and McDermott Technology, B.V., a private company with limited liability (besloten vennootschap met beperkte
aansprakelijkheid) incorporated under the laws of the Netherlands (each a “Borrower” and collectively the “Borrowers”), McDermott International, Inc., a Panamanian corporation (the “Parent”),
the Lenders (as defined below), the Issuers (as defined below), Crédit Agricole Corporate and Investment Bank (“CA CIB”), as administrative agent for the Revolving Facility (as defined below) and the LC Facility (as defined
below) (in such capacity, and together with its successors pursuant to Section 10.6(a), the “Revolving and LC Administrative Agent”) and Barclays Bank PLC (“Barclays”), as administrative
agent for the Term Facility (as defined below) (in such capacity, and together with its successors pursuant to Section 10.6(a), the “Term Loan Administrative Agent” and together with the Revolving and LC
Administrative Agent, each an “Administrative Agent” and together the “Administrative Agents”). 
 The
parties to this Agreement agree as follows: 
 ARTICLE I 

DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS 

Section 1.1 Defined Terms 
 As
used in this Agreement, the following terms have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 

“Acquisition” means, with respect to any Person, any transaction, or series of related transactions (other than the Business
Combination) by which such Person (a) acquires any ongoing business or all or substantially all of the assets of any Person or group of Persons, or division thereof constituting an ongoing business, whether through purchase of assets, merger or
otherwise or (b) directly or indirectly acquires (in one transaction or as the most recent transaction in a series of transactions) at least a majority (in number of votes) of the securities of a corporation which have ordinary voting power for
the election of directors (other than securities having such power only by reason of the happening of a contingency) or a majority (by percentage or voting power) of the outstanding ownership interests of a partnership, limited liability company, or
other entity that is not a corporation constituting an ongoing business; provided, however, that any acquisition of assets, equity securities or ownership interests of a Person that is a Subsidiary of such Person prior to such
acquisition shall not constitute an “Acquisition” hereunder. 
 “Additional LC Capacity” means the sum of (a) $500,000,000.00the
 amount of any Incremental LC Facility on the Amendment No. 1 Effective Date and the Lloyds Facility as in effect on
the Amendment No. 1 Effective Date plus (b) the lesser of (i) the sum of (x) permanent repayments of Term Loans pursuant to Section 2.12(j) and (y) the aggregate amount of all
other permanent repayments of the Term Loans (provided that 

 
(1) any mandatory prepayments of the Term Loans made pursuant to Section 2.12 other than Section 2.12(j) shall not increase the Additional LC
Capacity until after the Term Loans have been repaid in an amount equal to $1,750,000,000.00 and any Term Loans under any Incremental Term Loan Facility have been repaid, in each case, other than with mandatory prepayments made pursuant to
Section 2.12(j) and (2) for the avoidance of doubt, Additional LC Capacity shall not be increased for any permanent repayments of Term Loans that increase the Available Incremental Amount) and (ii) the Specified
Term Loan Amount, less (c) the aggregate net amount of all increases to the LC Facility Commitments since the Execution Date pursuant to Section 2.24(b). 

“Administrative Agents” has the meaning specified in the preamble to this Agreement. 

“Administrative Questionnaire” means an
Aa
dministrative
Qq
uestionnaire in a form supplied by the Applicable Administrative Agent. 
 “Affected Lender” has the
meaning specified in Section 2.20. 
 “Affiliate” means, with respect to any Person, any other
Person, directly or indirectly, controlling or that is controlled by or is under common control with such Person. For the purposes of this definition, “control” means the possession of the power to direct or cause the direction of
the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise. The terms “controlled” and “controlling” shall have the meaning correlative thereto. 

“Agents” means each of the Administrative Agents, the Collateral Agent, the Documentation Agent, the Syndication Agents, the
Arrangers, Co-Manager and the Bookrunners. 
 “Agreement” has the meaning specified
in the preamble to this Agreement. 
 “Altamira Yard” means the property in the industrial development zone adjacent to the
Altamira Port, with a surface of 232,511.663 square meters and identified as Polygon 1 “D” (Polígono “D”), located in Altamira, State of Tamaulipas, Mexico. 

“Alternate Program” means any program providing for the sale or other disposition of trade or other receivables entered into
by the Parent or a Restricted Subsidiary of the Parent on terms customary for such financing transactions, the terms of which arrangement do not impose any recourse or repurchase obligations upon the Parent or any Restricted Subsidiary except for
reasonably customary representations, warranties, covenants and indemnities in connection therewith. 
 “Alternate Program
Indebtedness” means, as to any Person at any time, the liabilities of such Person under an Alternate Program that would be outstanding at such time thereunder if the same were structured as a secured lending arrangement rather than a
purchase and sale arrangement. 

  
 -2- 

 “Alternative Currency” means, at any time, any lawful currency (other than
Dollars) of any of the G-20 Countries (or any other currency acceptable to each Administrative Agent in its sole discretion) that at such time is readily available and freely transferable and convertible into
Dollars. 
 “Alternative Currency Cap” means $150,000,000.00. 

“Amazon” means the marine construction vessel with IMO number 9698094. 

“Amazon Entity” means McDermott (DLV 2000) Chartering, Inc., a Panamanian corporation. 

“Amazon Equipment” means (a) all equipment that (i) is located on the Amazon, (ii) was located on the Amazon
and has been removed for repair or storage or (iii) is not located on the Amazon but (A) is being kept for spare parts or replacements of other Amazon Equipment or (B) has been ordered or is under construction, including, in each case
of this clause (a) and without limitation, all boilers, engines, machinery, masts, spars, boats, anchors, cables, chains, rigging, tackle, capstans, outfit, tools, cranes, pumps, pumping equipment, apparel, furniture, fittings, pipelay,
lifting, and construction equipment used or to be used in the operation of the Amazon, spare parts and all other appurtenances thereunto, (b) all fixtures that are located on the Amazon, (c) all intangible property used solely in
connection with the operation of the Amazon and (d) any charter, lease, or similar arrangement between the Parent or any Restricted Subsidiary and the owner or operator of the Amazon, together with any guaranty by the Parent or any Restricted
Subsidiary of the Parent in respect of any such charter, lease, or similar arrangement. 
 “Amazon Permitted Debt” means
any Indebtedness incurred by the Parent or any of its Subsidiaries to finance the acquisition, improvement, construction, equipping, commissioning, charter and/or lease of the Amazon and/or the Amazon Equipment; provided that such
Indebtedness does not exceed the cost of the acquisition, improvement, construction, equipping, commissioning, charter and/or lease of the Amazon and/or the Amazon Equipment, as applicable. 

“Amendment
No. 1 Effective Date” means October 21, 2019. 
 “Anti-Corruption Laws” means any laws, rules
or regulations applicable to the Parent or its Subsidiaries relating to bribery or corruption, including (a) the United States Foreign Corrupt Practices Act of 1977, as amended, (b) the United Kingdom Bribery Act of 2010, as amended, and
(c) any other similar law, rule or regulation in any jurisdiction applicable to the Parent or any of its Subsidiaries. 

“Anti-Money Laundering Laws” means any laws or regulations relating to money laundering or terrorist financing in any
jurisdiction applicable to the Parent or any of its Subsidiaries. 
 “Applicable Administrative Agent” means (a) in
respect of the Revolving Facility, the Revolving and LC Administrative Agent, (b) in respect of the LC Facility, the 

  
 -3- 

 
Revolving and LC Administrative Agent, (c) in respect of the Term Facility, the Term Loan Administrative Agent and (d) in respect of the Cash Secured Letters of Credit, the Revolving
and LC Administrative Agent. 
 “Applicable Commitments” means (a) in respect of the Revolving Facility, the Revolving
Commitments, (b) in respect of the LC Facility, the LC Facility Commitments and (c) in respect of the Term Facility, the Term Commitments. 

“Applicable Fronting Lenders” means (a) with respect to Revolving Letters of Credit, the Revolving Lenders and
(b) with respect to LC Facility Letters of Credit, the LC Lenders. 
 “Applicable Lenders” means (a) with respect
to Revolving
LoansFacility
, the Revolving Lenders, (b) with respect to Term LoansFacility, the Term Lenders and (c) with respect to LC Facility Obligations, the LC Lenders. 

“Applicable Lending Office” means, with respect to each Lender, its Domestic Lending Office in the case of a Base Rate Loan,
and its Eurodollar Lending Office in the case of a Eurodollar Rate Loan. 
 “Applicable Loans” means (a) with respect
to the Revolving Facility, the Revolving Loans and (b) with respect to the Term Facility, the Term Loans. 
 “Applicable
Maturity Date” means (a) with respect to a Revolving Letter of Credit or the Revolving Facility, the Revolving Termination Date, (b) with respect to an LC Facility Letter of Credit or the LC Facility, the LC Facility Termination
Date, (c) with respect to the Term Facility, the Term Maturity Date and (d) with respect to the Cash Secured Letters of Credit, the Term Maturity Date. 

“Applicable Margin” means, for any day, the rate per annum set forth below opposite the applicable Level then in effect
(based on the Leverage Ratio), it being understood that the Applicable Margin for (a) Loans (other than Term Loans) that are Base Rate Loans shall be the percentage set forth under the column “Base Rate Margin” and (b) Loans
(other than Term Loans) that are Eurodollar Rate Loans shall be the percentage set forth under the column “Eurodollar Rate Margin”: 
  

							
	 Level
	  	 Leverage Ratio
	  	 Base Rate Margin
	  	 Eurodollar Rate Margin

	 1
	  	3 2.50x	  	3.250%	  	4.250%
	 2
	  	< 2.50x and 3 1.50x	  	3.000%	  	4.000%
	 3
	  	<1.50x	  	2.750%	  	3.750%

  
 -4- 

 Any increase or decrease in the Applicable Margin resulting from a change in the Leverage
Ratio shall become effective on the date a Compliance Certificate is received by the Revolving and LC Administrative Agent pursuant to Section 6.1(c); provided, however, that if a Compliance Certificate is not
delivered when due in accordance with such Section, then Pricing Level 1 shall apply, in each case as of the date on which such Compliance Certificate was required to have been delivered and in each case shall remain in effect until the date on
which such Compliance Certificate is received by the Revolving and LC Administrative Agent. 
 Notwithstanding anything to the contrary
contained in this definition, but subject to the proviso in the preceding paragraph, (a) the determination of the Applicable Margin for any period shall be subject to the provisions of Section 2.13(e) and (b) the
initial Applicable Margin shall be set forth in Level 1 until the date a Compliance Certificate is delivered to the Revolving and LC Administrative Agent pursuant to Section 6.1(c) for the first fiscal quarter ending
after the Effective Date. Any adjustment in the Applicable Margin shall be applicable to all Obligations (other than Obligations in respect of Term Loans) that accrue interest hereunder, including such Obligations already in existence. 

“Applicable Outstandings” means (a) in respect of the Revolving Facility, the Revolving Outstandings and (b) in
respect of the LC Facility, the LC Facility Outstandings. 
 “Applicable Reimbursement Obligations” means (a) in
respect of the Revolving Letters of Credit, the Revolving Reimbursement Obligations, (b) in respect of the LC Letters of Credit, the LC Facility Reimbursement Obligations and (c) in respect of the Cash Secured Letters of Credit, the Cash
Secured Reimbursement Obligations. 
 “Applicable Requisite Lenders” means (a) in respect of the Revolving Facility,
the Requisite Revolving Lenders, (b) in respect of the LC Facility, the Requisite LC Lenders and (c) in respect of the Term Facility, the Requisite Term Lenders. 

“Approved Appraiser” means IHS Global Inc., Clarksons, Fearnley or another firm selected by the Parent and approved by the
Revolving and LC Administrative Agent. 
 “Approved Fund” means, with respect to a Lender, any Fund that is advised or
managed by (a) such Lender, (b) an Affiliate of such Lender or (c) an entity or Affiliate of an entity that administers or manages such Lender. 

“Arranger” means each of Barclays, CA CIB, GS, ABN AMRO Capital USA LLC, MUFG Bank, Ltd. and Royal Bank of Canada, as a joint
lead arranger for the credit facilities evidenced by this Agreement. 
 “Asset Sale” has the meaning specified in
Section 8.4. 
 “Assignment and Acceptance” means an assignment and acceptance entered into by a
Lender and an Eligible Assignee in substantially the form of Exhibit A or any other form approved by the Applicable Administrative Agent. 

“Auction” has the meaning set forth in in
Section 11.2(i)(i). 

  
 -5- 

“Auction Manager” means (a) the Term Loan
Administrative Agent or (b) any other financial institution agreed to by the Borrowers and the Term Loan Administrative Agent (whether or not an Affiliate of the Term Loan Administrative Agent) to act as an arranger in connection with any
repurchases of Term Loans pursuant to Section 11.2(i). 

“Authorized Officer” means any Responsible Officer or any other Person designated as an “Authorized Officer” or
“Authorized Person” of a Loan Party by prior written notice from such Loan Party to each Administrative Agent, including, without limitation, pursuant to any certificate delivered pursuant to Section 3.2. 

“Auto-Renewal LC” has the meaning set forth in Section 2.7(b). 

“Available Amount” means an amount equal to the
sum of (a) 100% of Retained Excess Cash Flow; plus (b) the sum of (i) the cumulative amount of cash and Cash Equivalent proceeds received by the Parent from the sale of Stock (other than Disqualified Stock) of the Parent since the
Effective Date (including the exercise of warrants or options) and (ii) the Fair Market Value of assets or property received by the Parent as a contribution to its equity capital.

 “Available Credit” means, at any time, an amount equal to (a) the aggregate then effective Revolving
Commitments minus (b) the aggregate Revolving Outstandings at such time. 
 “Available Floating LC Amount”
means, at any time, (a) an amount equal to the Additional LC Capacity, less (b) the aggregate amount of obligations secured by Liens permitted under Section 8.2(q). 

“Available Incremental Amount” means an amount equal to (x) the sum of (i) $400,000,000.00 plus (ii) the lesser of (I) aggregate amount of all prepayments of the Term Facility to the extent not included in the
calculation of Additional LC Capacity and any Incremental Term Loan Facility made since the Effective Date, in either case pursuant to Section 2.9 (to the extent not funded with the proceeds of Long-Term Indebtedness or replaced with revolving
commitments) and (II) $1,750,000,000.00, plus (iii) the aggregate amount of all voluntary permanent reductions of Revolving Commitments and any New Revolving Commitments made pursuant to Section 2.11 of the Revolving Facility prior to the
date of any such incurrence (to the extent not funded with the proceeds of Long-Term Indebtedness or replaced with revolving commitments), subject to, in the case of this clause (x), the Secured Leverage Ratio not exceeding the Closing Secured
Leverage Ratio on a pro forma basis on the date of incurrence and for the most recent determination period, after giving effect to such Incremental Facility and any acquisition consummated concurrently therewith (assuming that all Revolving
Commitments, including any New Revolving Commitments then in effect, were fully drawn after giving effect thereto) plus (y) $400,000,000.00, subject to, in the case of this clause (y), a Secured Leverage Ratio that is at least 0.50:1.00 less than
the Closing Secured Leverage Ratio on a pro forma basis on the date of incurrence and for the most recent determination period, after giving effect to such Incremental Facility and any acquisition consummated concurrently therewith (assuming that
all Revolving Commitments, including any New Revolving Commitments 

  
 -6- 

 
then in effect, were fully drawn after giving effect thereto); provided that the Borrowers may incur the
Incremental Available Amount under clauses (x) and (y) above in such order as it may elect in its sole discretion.
$50,000,000 (which has been fully utilized as of the Amendment
No. 1 Effective Date). 

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

“Bail-In Legislation” means, with respect to any EEA Member Country implementing
Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule. 
 “Base Rate” means, for any period, a fluctuating interest rate per annum as shall be in
effect from time to time, which rate per annum shall be equal to the greatest of the following: 
 (a)    the
Prime Rate then in effect; 
 (b)    0.5% per annum plus the Federal Funds Rate then in effect; and 

(c)    1.0% per annum plus the Eurodollar Rate for an Interest Period of one month. 

If the Applicable Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable
to ascertain the Federal Funds Rate or the Eurodollar Rate for any reason, including the inability of such Administrative Agent to obtain sufficient quotations in accordance with the terms of the definition thereof, the “Base Rate”
for the Senior Credit Facilities over which such Administrative Agent is the Applicable Administrative Agent shall be determined without regard to clause (b) or (c), as applicable, above until the circumstances giving rise to such
inability no longer exist; provided that at no time will the Base Rate be deemed to be less than 0% per annum. Any change in the Base Rate due to a change in the Eurodollar Rate, the Federal Funds Rate or the Prime Rate shall be
effective on the effective date of such change in the Eurodollar Rate, the Federal Funds Rate or the Prime Rate, respectively. 

“Base Rate Loan” means any Loan during any period in which it bears interest based on the Base Rate. 

“Beaumont Facility” means the real and personal property more particularly described as the “Property” and the
74.091 acre tract identified as Tract No. 1 in that certain Special Warranty Deed dated effective August 3, 2007, from Trinity Industries, Inc., as Grantor thereunder to 850 Pine Street, Inc., as Grantee thereunder, recorded as Instrument
Number 2007030857 in the Official Public Records of Jefferson County, Texas. 
 “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 Section 4975 of the Code or 

  
 -7- 

 
(c) any Person whose assets include (for purposes of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA 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”. 

“Bookrunner” means each of Barclays, CA CIB, GS, ABN AMRO Capital USA LLC, MUFG Bank, Ltd. and Royal Bank of Canada, as a
joint bookrunner for the credit facilities evidenced by this Agreement. 
 “Borrower” has the meaning specified in the
preamble to this Agreement. 
 “Borrowing” means Loans to the same Borrower under the same Facility of the same Type made,
converted or continued on the same date and, in the case of Eurodollar Rate Loans, as to which a single Interest Period is in effect. 

“Business Day” means a day of the year on which banks are not required or authorized to close in New York City and, if the
applicable Business Day relates to notices, determinations, fundings and payments in connection with the Eurodollar Rate or any Eurodollar Rate Loans, a day on which dealings in Dollar deposits are also carried on in the London interbank market.

 “Business Combination” means the business combination transactions and the other related transactions of the Parent and
the other entities party thereto, consummated or to be consummated pursuant to the Business Combination Agreement. 
 “Business
Combination Agreement” means the Business Combination Agreement, dated as of December 18, 2017, as amended, supplemented or otherwise modified prior to the Execution Date, and as the same may be further amended, supplemented or
otherwise modified from time to time on or after the Execution Date in accordance with this Agreement (together with the schedules and exhibits thereto), among the Parent, McDermott Technology, B.V., a private company with limited liability
(besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands, McDermott Technology (Americas), Inc. (formerly known as McDermott Technology (Americas), LLC), a Delaware corporation and a wholly owned
subsidiary of the Parent, CBI, McDermott Technology (US), Inc. (formerly known as McDermott Technology (US), LLC), a Delaware corporation and a wholly owned subsidiary of the Parent, Comet I B.V., a private company with limited liability
(besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands, Comet II B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under
the laws of the Netherlands, CB&I Oil & Gas Europe B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands, CB&I Group UK Holdings,
a private limited company incorporated in and registered in England and Wales, CB&I Nederland B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the
Netherlands, and The Shaw Group, Inc., a Louisiana corporation. 
 “Bridge Loans” has the meaning specified in the
Commitment Letter. 

  
 -8- 

 “CA CIB” has the meaning specified in the preamble to this Agreement. 

“Capital Expenditures” means, with respect to any Person for any period: 

(a)    the aggregate of amounts that would be reflected as additions to property, plant or equipment on a consolidated
balance sheet of such Person and its Subsidiaries prepared in conformity with GAAP, excluding interest capitalized during construction; minus 

(b)    the aggregate of such amounts used to acquire assets useful in the Parent’s and its Restricted
Subsidiaries’ business to the extent such amounts arose from a sale or disposition of equipment described in Section 8.4(c); 

excluding, however, in the case of the above clause (a), (i) such amounts to the extent financed with the proceeds of Indebtedness
permitted to be incurred under Section 8.1(d), (l) or (t), (ii) such amounts to the extent financed with insurance or condemnation proceeds received with respect to loss of, damage to or taking of property of
the Parent or any of its Subsidiaries, (iii) such amounts that are capitalized and are relating to asset retirement obligations, and (iv) such amounts recovered or recoverable in the price of a contract with a customer of the Parent or a
Restricted Subsidiary. 
 “Capital Lease” means, with respect to any Person, any lease of (or other arrangement conveying
the right to use) property by such Person as lessee that would be accounted for as a capital lease on a balance sheet of such Person prepared in conformity with GAAP. Notwithstanding the foregoing, any lease that would have been accounted for as an
operating lease on a balance sheet of such Person prepared in conformity with GAAP as in effect on December 31, 2017 shall be deemed not to be a Capital Lease. 

“Capital Lease Obligations” means, with respect to any Person, the capitalized amount of all obligations of such Person or
any of its Restricted Subsidiaries under Capital Leases, as determined on a consolidated basis in conformity with GAAP. 
 “Captive
Insurance Subsidiary” means each captive insurance company that is a Subsidiary of the Parent. As of the Effective Date, the only Captive Insurance Subsidiaries are (a) Boudin Insurance Company, Ltd., a Bermuda corporation,
(b) Woodlands International Insurance Ltd, an Irish corporation and, and (c) Lone Star Risk Corporation, a Texas corporation. 

“Cash Equivalents” means: 

(a)    securities issued or fully guaranteed or insured by the United States government or any agency thereof; 

(b)    certificates of deposit, eurodollar time deposits, overnight bank deposits and bankers’ acceptances of
(i) any commercial bank organized under the laws of the United States, any state thereof, the District of Columbia, any foreign bank organized in a country belonging to the OECD, or any branch or agency of any of the foregoing, in each case if
such bank has a minimum rating at the time of investment of A-1+ by S&P or P-1 by Moody’s, or (ii) any Liquidity Lender or any branch or agency of any
Liquidity Lender; 

  
 -9- 

 (c)    commercial paper with a minimum rating of A-1 or AAA by S&P or P-1 or Aaa by Moody’s at the time of acquisition thereof; 

(d)    demand deposit accounts; 

(e)    (i) shares of any money market fund that has net assets of not less than $500,000,000.00 and satisfies the
requirements of rule 2a-7 under the Investment Company Act of 1940 and (ii) shares of any offshore money market fund that has net assets of not less than $500,000,000.00 and a $1 net asset mandate; 

(f)    fully collateralized repurchase agreements; and 

(g)    other investments permitted by the McDermott International Investments Co., Inc. Enhanced Liquidity Portfolio
Guidelines dated as of July 21, 2008 (as amended and delivered to the Administrative Agents prior to the Execution Date and as may be otherwise amended from time to time in a manner reasonably satisfactory to each Administrative Agent (provided
that the foregoing restriction on amendments shall only be in respect of the inclusion of Cash Equivalents pursuant to this clause (g) and shall not be deemed to be a restriction on any amendment thereto)), or any other cash management
guidelines approved by the Parent and the Administrative Agents; 
 provided, however, that the maturities of all obligations
of the type described in clauses (a), (b) and (c) above shall not exceed one year from the date of acquisition thereof. 

“Cash Secured Financial Letter of Credit” means a Cash Secured Letter of Credit other than a Cash Secured Performance Letter
of Credit. 
 “Cash Secured Financial Letter of Credit Sublimit” means $250,000,000.00. 

“Cash Secured LC Cash Collateral Account” means the cash collateral account or securities account established pursuant to,
and subject to the terms of, Section 2.6(b) for the purpose of cash collateralizing the Cash Secured Reimbursement Obligations in respect of Cash Secured Letters of Credit. 

“Cash Secured LC Cash Collateral Account Balance” means, at any time, the aggregate amount on deposit in the Cash Secured LC
Cash Collateral Account. 
 “Cash Secured LC Cash Collateral Account Control Agreement” means the Securities Account
Control Agreement dated as of the Effective Date among one or more Borrowers, the Collateral Agent, and the Depositary Bank. 

“Cash Secured LC Issuer” means each Person that (a) is listed on Schedule II(C), (b) hereafter becomes a Cash
Secured LC Issuer with the approval of the Revolving and LC Administrative Agent and the Borrowers and that has executed an agreement with and in form and substance satisfactory to the Revolving and LC Administrative Agent and the

  
 -10- 

 
Borrowers to be bound by the terms hereof applicable to Cash Secured LC Issuers, or (c) solely with respect to Existing Cash Secured Letters of Credit, is an issuer of an Existing Cash
Secured Letter of Credit. 
 “Cash Secured Letter of Credit” means each letter of credit issued pursuant to
Section 2.6 and shall include the Existing Cash Secured Letters of Credit. 
 “Cash Secured Letter of
Credit Cash Coverage Requirement” shall have the meaning assigned to it in Section 2.6(b). 

“Cash Secured Letter of Credit Issuer Commitment” means (a) the amount set forth on the attached Schedule II(C)
for each Cash Secured LC Issuer or (b) such other amount as any Cash Secured LC Issuer and the Parent may agree in a writing delivered to the Revolving and LC Administrative Agent. 

“Cash Secured Letter of Credit Outstandings” means, at any time, without duplication, the aggregate amount equal to the sum
of (a) the Cash Secured Reimbursement Obligations at such time (or, for any Cash Secured Reimbursement Obligations in any Alternative Currency, the Dollar Equivalent thereof at such time) and (b) the Cash Secured Letter of Credit Undrawn
Amounts at such time. 
 “Cash Secured Letter of Credit Undrawn Amounts” means, at any time, the aggregate undrawn amount
of all Cash Secured Letters of Credit outstanding at such time (or, for any Cash Secured Letter of Credit denominated in an Alternative Currency, the Dollar Equivalent thereof at such time). 

“Cash Secured Performance Letter of Credit” means a Cash Secured Letter of Credit that is a Performance Letter of Credit.

 “Cash Secured Reimbursement Obligations” means all outstanding matured reimbursement or repayment obligations payable to
any Cash Secured LC Issuer with respect to amounts drawn under Cash Secured Letters of Credit. 
 “CBI” means Chicago
Bridge & Iron Company N.V., a public company (naamloze vennootschap) incorporated under the laws of the Netherlands. 

“CBI Material Adverse Effect” shall mean “Comet Material Adverse Effect” as such term is defined in the Business
Combination Agreement. 
 “Change in Law” means the occurrence, after the Effective 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 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 notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer
Protection Act and all requests, rules, regulations, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International

  
 -11- 

 
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or United States or foreign regulatory agencies, in each case, pursuant to Basel III or CRR, shall
in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 
 “Change of
Control” means any of the following: 
 (a)    any “person” or “group” (within the meaning
of Rule 13d-5 of the Securities Exchange Act of 1934 as in effect on the date hereof) (excluding the Parent and its Subsidiaries and excluding underwriters in the course of their distribution of Voting Stock
in an underwritten registered public offering provided such underwriters shall not hold such Stock for longer than five Business Days) (i) shall own directly or indirectly, beneficially or of record, Stock representing more than 40% of either
the aggregate ordinary voting power or the aggregate equity value represented by the issued and outstanding Stock in the Parent or (ii) shall have obtained the power (whether or not exercised) to elect a majority of the members of the board of
directors of the Parent; 
 (b)    [Reserved]; or 

(c)    the Parent shall cease to own and control, directly or indirectly, 100% of the issued and outstanding Voting Stock
of any Borrower on a fully diluted basis. 
 “Closing Date Financial Statements” means (a) (i) audited consolidated
balance sheets of the Parent as at the end of each of the 2015, 2016 and 2017 fiscal years, and related statements of operations, comprehensive income (loss), stockholders’ equity and cash flows of the Parent for each of the 2015, 2016 and 2017
fiscal years and (ii) audited condensed consolidated balance sheets of CBI as at the end of each of the 2015, 2016 and 2017 fiscal years, and related condensed consolidated statements of comprehensive income (loss), shareholders’ equity
and cash flows of CBI for each of the 2015, 2016 and 2017 fiscal years and (b) (i) an unaudited consolidated balance sheet of the Parent as at the end of, and related statements of operations, comprehensive income (loss) and cash flows of the
Parent for, each fiscal quarter (and the corresponding quarter in the prior fiscal year), other than the fourth fiscal quarter of the Parent’s fiscal year, subsequent to the date of the most recent audited financial statements of the Parent and
ended more than 45 days prior to the Effective Date and (ii) an unaudited condensed consolidated balance sheet of CBI as at the end of, and related condensed consolidated statements of comprehensive income (loss) and cash flows of CBI for, each
fiscal quarter (and, in the case of the statement of income and cash flows, the corresponding quarter in the prior fiscal year), other than the fourth fiscal quarter of CBI’s fiscal year, subsequent to the date of the most recent audited
financial statements of the Parent and ended more than 45 days prior to the Effective Date. 
 “Closing Leverage Ratio”
means the Leverage Ratio as of the Effective Date after giving effect to the consummation of the Transactions, including the use of the proceeds of the Loans and the Senior Notes on the Effective Date. 

“Closing Secured Leverage Ratio” means the Secured Leverage Ratio as of the Effective Date after
giving effect to the consummation of the Transactions, including the 

  
 -12- 

 
use of the proceeds of the Loans and the Senior Notes on the Effective Date; provided that $200,000,000.00 of Term Loans shall be disregarded for purposes of calculating the Closing
Secured Leverage Ratio. 
 “Co-Manager” means Standard Chartered
Bank as a co-manager for the credit facilities evidenced by this Agreement. 

“Code” means the Internal Revenue Code of 1986 (or any successor legislation thereto). 

“Collateral” means all property and interests in property and proceeds thereof now owned or hereafter acquired by any Loan
Party in or upon which a Lien is granted or purported to be granted under any Collateral Document. 
 “Collateral Agency and
Intercreditor Agreement” means that certain Collateral Agency and Intercreditor Agreement dated as of the Effective Date, by and among the Borrowers, the Parent, the other “Grantors” party thereto from time to time, the Revolving
and LC Administrative Agent, the Collateral Agent, the Term Loan Administrative Agent and Lloyds as a Secured Debt Representative (as defined therein) and the other financial institutions from time to time party thereto. 

“Collateral Agent” has the meaning set forth in the Collateral Agency and Intercreditor Agreement. 

“Collateral Documents” means the Pledge and Security Agreement, the Mortgages, the Cash Secured LC Cash Collateral Account
Control Agreement and any other document executed and delivered by a Loan Party granting or perfecting a Lien on any of its property to secure payment of the Obligations. 

“Commitment” means, with respect to each Lender, its LC Facility Commitment, Revolving Commitment or Term Commitment. 

“Commitment Fees” means, collectively with respect to each Lender, any Revolving Commitment Fees or LC Facility Commitment
Fees. 
 “Commitment Letter” means the debt commitment letter dated as of December 18, 2017 (as amended, restated,
supplemented or otherwise modified from time to time including any joinders executed in connection therewith), executed by the Arrangers and the other committing Lenders party thereto. 

“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” has the meaning specified in Section 6.1(c). 

“Consolidated Current Assets” means, as at any date of determination, the total assets of the Parent and its Restricted
Subsidiaries on a consolidated basis that may properly be classified as current assets in conformity with GAAP, excluding cash and Cash Equivalents. 

  
 -13- 

 “Consolidated Current Liabilities” means, as at any date of determination,
the total liabilities of the Parent and its Restricted Subsidiaries on a consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of Long-Term Indebtedness. 

“Consolidated Excess Cash Flow” means, for any Fiscal Year, an amount (if positive) equal to: 

(a)    the sum, without duplication, of the amounts for such Fiscal Year of (i) Consolidated Net Income (excluding
the cumulative effect of a change in accounting principles during the applicable period), plus (ii) to the extent reducing Consolidated Net Income, the sum, without duplication, of amounts for (A) income, value added and similar
Taxes and (B) non-cash charges, including for depreciation and amortization (excluding any such non-cash charge to the extent that it represents an accrual or
reserve for potential cash outlay in any future period or amortization of a prepaid cash gain that was paid in a prior period), plus (iii) the Consolidated Working Capital Adjustment for such Fiscal Year, minus 

(b)    the sum, without duplication, of (i) the amounts for such Fiscal Year paid from Internally Generated Cash of
(A) scheduled repayments of Indebtedness for borrowed money and scheduled repayments of obligations under Capital Leases (excluding any interest expense portion
thereof), and
 (B)(1) the aggregate amount of Capital Expenditures made by the Parent and its Subsidiaries in cash during such Fiscal Year and (2) the aggregate consideration required to be paid in cash by the Parent and its Subsidiaries
pursuant to binding contracts (the “Contract Consideration”) entered into prior to or during such Fiscal Year relating to Capital Expenditures to be consummated or made during the immediately succeeding Fiscal Year following such
Fiscal Year (provided that to the extent the aggregate amount actually utilized to make such Capital Expenditures during such immediately succeeding Fiscal Year is less than the Contract Consideration, the amount of such shortfall shall be added to
the calculation of Consolidated Excess Cash Flow at the end of such immediately succeeding Fiscal Year), (C) the aggregate amount of Restricted Payments and Investments made in
reliance on clauses (d), (k), (e), (m) and (r) of Section 8.5 by the Parent and its Restricted Subsidiaries in cash during such Fiscal Year, (D) the aggregate amount of prepayments of Junior Priority Indebtedness pursuant to
Section 8.20(c)(y) and (E) the aggregate amount actually paid by the Parent and its Restricted Subsidiaries in cash during the applicable period on account of Acquisitions permitted under Section 8.3, plus (ii) the sum of (A) other non-cash gains increasing Consolidated Net Income for such period (excluding any such
non-cash gain to the extent it represents the reversal of an accrual or reserve for potential cash gain in any prior period), (B) to the extent increasing Consolidated Net Income, the income of any Restricted
Subsidiary to the extent that the declaration or payment of dividends or similar distributions or transfers or loans by such Restricted Subsidiary of that income is not at the time permitted by operation of the terms of its charter or any agreement,
instrument, judgment, decree, statute, rule or governmental regulation applicable to such Restricted Subsidiary; provided that 

  
 -14- 

 
Consolidated Excess Cash Flow shall be increased by the amount of dividends or other distributions or other payments actually paid in cash (or to the extent converted into cash) or Cash
Equivalents to the Parent or a Subsidiary Guarantor during the applicable period to the extent not already included therein, (C) to the extent increasing Consolidated Net Income, the income of any Person (other than a Subsidiary) in which any
other Person (other than the Parent or its Subsidiaries) has a joint interest, except of the amount of dividends or other distributions actually paid to Parent or any of its Subsidiaries by such Person during the applicable period, (D) the Net
Cash Proceeds of any Specified Asset Sale or any Insurance/Condemnation Event and (E) the aggregate amount actually paid in cash by the Parent and its Subsidiaries in respect of income, value added and similar Taxes for such Fiscal Year. As
used in this clause (b), “scheduled repayments of Indebtedness” does not include mandatory prepayments or voluntary prepayments. 
 Notwithstanding the foregoing, “Consolidated Excess Cash Flow” for the Fiscal Year ending December 31, 2018 shall be calculated commencing with the first full fiscal quarter ending after the Effective
Date. 
 “Consolidated Net Income” means, for any period, the net income (or loss) of the Parent and its
Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Working
Capital” means, as at any date of determination, Consolidated Current Assets of the Borrower and its Restricted Subsidiaries less Consolidated Current Liabilities of the Parent and its Restricted Subsidiaries. 

“Consolidated Working Capital Adjustment” means, for any period on a consolidated basis, the amount (which may be a negative
number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period. In calculating the Consolidated Working Capital Adjustment there shall be excluded
the effect of reclassification during such period of current assets to long term assets and current liabilities to long term liabilities and the effect of any Permitted Acquisition, the designation of any Unrestricted Subsidiary as a Restricted
Subsidiary or any Restricted Subsidiary as an Unrestricted Subsidiary during such period; provided that there shall be included with respect to any Permitted Acquisition during such period an amount (which may be a negative number) by which
the Consolidated Working Capital of the Person acquired in such Permitted Acquisition as at the time of such acquisition exceeds (or is less than) the Consolidated Working Capital of such Person at the end of such period, and (ii) there shall
be included with respect to any Unrestricted Subsidiary that is designated as a Restricted Subsidiary during such period an amount (which may be a negative number) by which the Consolidated Working Capital gained in such designation as at the time
of such designation exceeds (or is less than) Consolidated Working Capital at the end of such period (in each case, substituting the Person acquired or such designated Restricted Subsidiary for the Parent and its Restricted Subsidiaries in the
calculation of such acquired Consolidated Working Capital). 
 “Constituent Documents” means, with respect to any Person,
(a) the articles of incorporation, certificate of incorporation or certificate of formation (or the equivalent organizational documents) of such Person and (b) the by-laws, operating agreement or
partnership agreement (or the equivalent governing documents) of such Person. 

  
 -15- 

 “Contaminant” means any material, substance or waste that is classified,
regulated or otherwise characterized under any Environmental Law as hazardous, toxic, a contaminant or a pollutant or by other words of similar meaning or regulatory effect, including any petroleum or
petroleum-derived substance or waste, asbestos and polychlorinated biphenyls. 
 “Contingent
Obligation” as applied to any Person, means any Contractual Obligation, contingent or otherwise, of that Person with respect to any Indebtedness of another or other obligation or liability of another, including, without limitation, any such
Indebtedness, obligation or liability of another directly or indirectly guaranteed, endorsed (otherwise than for collection or deposit in the ordinary course of business), co-made or discounted or sold with
recourse by that Person, or in respect of which that Person is otherwise directly or indirectly liable, including Contractual Obligations (contingent or otherwise) arising through any agreement to purchase, repurchase, or otherwise acquire such
Indebtedness, obligation or liability or any security therefor, or to provide funds for the payment or discharge thereof (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets,
level of income, or other financial condition of another Person, or to make payment on behalf of another Person other than for value received. The amount of any Contingent Obligation shall be equal to the present value of (x) the portion of the
stated or determinable obligation so guaranteed or otherwise supported, in the case of known obligations, and (y) the maximum reasonably anticipated liability of such Person in respect of the portion of the obligation so guaranteed or otherwise
supported assuming such Person is required to perform thereunder, in all other cases. 
 “Contractual Obligation” of any
Person means any obligation, agreement, undertaking or similar provision of any Security issued by such Person or of any agreement, undertaking, contract, lease, indenture, mortgage, deed of trust or other instrument (excluding the Loan Documents)
to which such Person is a party or by which it or any of its property is bound. 
 “Control Agreement” means an agreement
of the type described in Section 5.13 or Section 5.14 of the Pledge and Security Agreement, as applicable. 

“CRR” means Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential
requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012. 
 “Customary Permitted
Liens” means, with respect to any Person, any of the following Liens: 
 (a)    Liens with respect to the
payment of Taxes, assessments or governmental charges, including any netting or set-off, arising as a result of the existence of a fiscal unity (fiscale eenheid) for Dutch tax purposes, in each case
that are not yet due 

  
 -16- 

 
or that are being contested in good faith by appropriate proceedings and with respect to which adequate reserves or other appropriate provisions are being maintained to the extent required by
GAAP and, in the case of any Collateral, there is no material risk of forfeiture of such property; 
 (b)    Liens of
landlords arising by statute or lease contracts entered into in the ordinary course, inchoate, statutory or construction liens, maritime liens and liens of suppliers, mechanics, carriers, materialmen, warehousemen, producers, operators or workmen
and other liens imposed by law created in the ordinary course of business for amounts not yet due or that are being contested in good faith by appropriate proceedings and with respect to which adequate reserves or other appropriate provisions are
being maintained to the extent required by GAAP; 
 (c)    liens, pledges or deposits made in the ordinary course of
business in connection with workers’ compensation, unemployment insurance or other types of social security benefits, assessments, statutory obligations or other similar charges or to secure the performance of bids, tenders, sales, leases,
contracts (other than for the repayment of borrowed money) or in connection with surety, appeal, customs or performance bonds or other similar instruments; 

(d)    encumbrances arising by reason of zoning restrictions and other restrictions on use imposed by any Governmental
Authority, easements, licenses, reservations, covenants, rights-of-way, restrictions and other similar encumbrances on the Real Property, and minor defects in the chain
of title, not materially interfering with the ordinary conduct of the business conducted at such Real Property by the Parent or any of its Subsidiaries as currently used; 

(e)    encumbrances arising under leases or subleases of, or other use or occupancy agreements for, the Real Property or
to which such leases, subleases or other occupancy agreements are subject, that do not, individually or in the aggregate, materially interfere with the ordinary conduct of the business conducted at such Real Property by the Parent or any of its
Subsidiaries as currently conducted; 
 (f)    Liens arising under any indenture or other instrument governing similar
term Indebtedness, in each case that is permitted pursuant to the terms of Section 8.1 hereof, to secure obligations in favor of the trustee, agent or representative under such indenture or other instrument; provided
that such Liens (i) are solely for the benefit of the trustees, agents or representatives in their capacities as such, (ii) do not secure indebtedness for borrowed money and (iii) are not for the benefit of the holders of or lenders
under such Indebtedness; 
 (g)    liens, pledges or deposits relating to escrows established in connection with the
purchase or sale of property otherwise permitted hereunder and the amounts secured thereby shall not exceed the aggregate consideration in connection with such purchase or sale (whether established for an adjustment in purchase price or liabilities,
to secure indemnities, or otherwise); and 

  
 -17- 

 (h)    bankers’ Liens, rights of setoff and other similar Liens
existing solely with respect to cash and Cash Equivalents on deposit in one or more accounts maintained by the Parent or any Restricted Subsidiary of the Parent, in each case granted in the ordinary course of business in favor of the bank or banks
with which such accounts are maintained, securing amounts owing to such bank with respect to cash management and operating account arrangements, including those involving pooled accounts and netting arrangements; provided that, unless such
Liens are non-consensual and arise by operation of law, in no case shall any such Liens secure (either directly or indirectly) the repayment of any Indebtedness. 

“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 that, with the passing of time or the giving of notice or both, would
become an Event of Default. 
 “Defaulting Lender” means, subject to Section 2.23(b), any Lender
that, as determined by the Revolving and LC Administrative Agent: 
 (a)    has failed to perform any of its funding
obligations hereunder, including in respect of its Loans or its participations in respect of Letters of Credit, within three Business Days of the date required to be funded by it hereunder unless such Lender notifies the Applicable Administrative
Agent and the Parent in writing that such failure is the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be
specifically identified in such writing) has not been satisfied; 
 (b)    has notified the Parent, a Borrower, an
Administrative Agent or any Lender that it does not intend to comply with its funding obligations hereunder or has made a public statement to that effect with respect to its funding obligations hereunder or generally under other agreements in which
it commits to extend credit (unless such writing or public statement relates to such Lender’s funding obligations hereunder and states that such position is based on such Lender’s good faith determination that a condition precedent to
funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied); 

(c)    has failed, within three Business Days after delivery of a request in writing by the Revolving and LC
Administrative Agent, to confirm in a manner satisfactory to such Administrative Agent that it will comply with its funding obligations hereunder; 

(d)    has, or has a direct or indirect parent company that has, other than via an Undisclosed Administration,
(i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its

  
 -18- 

 
business or a custodian appointed for it, or (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment; or 

(e)    has, or has a direct or indirect parent company that has, become the subject of a
Bail-In Action; 
 provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership
or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority. 

“Depositary Bank” has the meaning set forth in the Cash Secured LC Cash Collateral Account Control Agreement. 

“Disqualified Lender” means (a) those banks, financial
institutions and other institutional lenders separately identified in writing by the Parent to each of Barclays, CA CIB and GS prior to December 18, 2017 and (b) any competitors of the Parent or its subsidiaries that are operating
companies, were separately identified in writing by the Parent to each of Barclays, CA CIB and GS prior to the Execution Date and are separately identified in writing to each Administrative Agent by the Parent from time to time on or after the
Execution Date and all such competitors’ respective affiliates that are clearly identifiable on the basis of such affiliate’s name (in each case other than bona fide debt funds that are affiliates of competitors of the Parent or its
respective Subsidiaries). Discharge of First Priority Claim” has the
meaning set forth in the Senior Intercreditor Agreement. 
 “Disqualified Stock” means with respect
to any Person, any Stock of such Person that, by its
terms,
(or by the
terms of any related agreement or of any Security into which it is convertible or for which it
isputtable or exchangeable) (in each
case, at the option of the holder thereof) is, or upon the happening of any event or the passage of time would be,
required to be redeemed by such Person at the option of the holder thereof, or, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is exchangeable for Indebtedness of such Person, or is redeemable at the option of the holder
thereof, in whole or in part, on or prior to the date that is 91 days after the Scheduled Term Maturity Date (other than any preferred stock of the Parent issued and outstanding on the Amendment No. 1 Effective Date and any amendments thereto after the Amendment No. 1 Effective Date that do not add a mandatory redemption or right to exchange into Indebtedness of such Person at the option of the holder
thereof in whole or in part on or prior to the date that is 91 days after the Scheduled Term Maturity Date). 

“Documentation Agent” means each of Goldman Sachs Bank USA, ABN AMRO Capital USA LLC, MUFG Bank, Ltd. Royal Bank of Canada
and Standard Chartered Bank, as a co-documentation agent for the credit facilities evidenced by this Agreement. 

“Dollar Equivalent” means with respect to any Alternative Currency at the time of determination thereof, the equivalent of
such currency in Dollars determined by using the 

  
 -19- 

 
rate of exchange quoted by (a) in the case the payment and reimbursement of a drawing under a Letter of Credit issued in an Alternative Currency, the Issuer of such Letter of Credit and
(b) in all other cases, CA CIB in New York, New York at 11:00 a.m. (New York time) on the date of determination to prime banks in New York for the spot purchase in the New York foreign exchange market of such amount of Dollars with such
Alternative Currency. 
 “Dollars” and the sign “$” each mean the lawful money of the United States of
America. 
 “Domestic Lending Office” means, with respect to any Lender, the office of such Lender specified as its
“Domestic Lending Office” from time to time to the Parent and the Applicable Administrative Agent. 
 “Dutch Loan
Party” means any Loan Party which is incorporated or established in the Netherlands. 
 “EBITDA” means, for the Fiscal Quarters ended June 30, 2017, September 30, 2017, and December 31, 2017, $271,800,000.00, $349,300,000.00 and $257,800,000.00, respectively, for the Fiscal
Quarter ended March 31, 2018, $267,200,000.00, and for all other Fiscal
Quarters for any Fiscal Quarter
means: 
 (a)    Consolidated Net Income for such
period; plus 
 (b)    the sum of, in each case to the extent deducted in the calculation of such Consolidated
Net Income, but without duplication: 
 (i)    any provision for income Taxes; 

(ii)    Interest Expense; 

(iii)    depreciation expense; 

(iv)    amortization of intangibles or financing or acquisition costs; 

(v)    any aggregate net loss from the sale, exchange or other disposition of any property, plant or
equipment or any Stock of any Restricted Subsidiary by the Parent or its Restricted Subsidiaries; 

(vi)    dry dock amortization expense; 

(vii)    [Reserved]; 

(vii)
    (viii) any fee or other expense (including expenses for
counsels and advisors) of the Parent or any
Restricted Subsidiary relating to (a) the negotiation, preparation, execution and delivery of this Agreement and the other Loan Documents, or granting or perfecting any Lien purported to be granted thereunder (including expenses for counsels) or (b) the Transactions, (b) the 

  
 -20- 

 
Transactions, and (c) transactions permitted hereunder, including any asset
sales, debt issuances, restructurings and reorganizations involving the Parent or any Restricted Subsidiary; 

(ix)    any fee or other
expense of the Parent or any Restricted Subsidiary relating to Acquisitions or issuances of Indebtedness permitted under this Agreement (whether or not consummated). 

(x)    for any period
from the Effective Date (or, in respect of CBI and its Subsidiaries following the consummation of the Business Combination, for any period from April 1, 2018) through March 31, 2019, any charges for the Focus Four Projects during such
Fiscal Quarter, except that such amount may not exceed $75,000,000 in any Fiscal Quarter or $200,000,000 in the aggregate; 

(xi)    (A) for the first
full Fiscal Quarter ending after the Effective Date, four times, (B) for the first two full Fiscal Quarters ending after the Effective Date, two times, (C) for the first three full Fiscal Quarters ending after the Effective Date, 4/3
times, and (D) for any other four Fiscal Quarter period ending on or before June 30, 2019, any quantifiable and demonstrable ongoing costs savings resulting from the Business Combination including but not limited to actual headcount
reductions, contractually reduced lease or occupancy expense, reduced audit expenses, and reduced combined insurance expense during such period (and excluding, for the avoidance of doubt, charges added back pursuant to clause (x)); 

(viii)
    (xii) each of the following to the extent it represents a non-cash charge or a non-cash loss: (A) pension amortization expense and any loss related to pension obligations; (B) stock-based compensation expense;
(C) impairment of plant, property, and equipment (other than net losses from sale), intangible assets and goodwill; and (D) equity in losses of unconsolidated Affiliates; 

(xiii)    for any period
from the Effective Date (or, in respect of CBI and its Subsidiaries following the consummation of the Business Combination, for any period from April 1, 2018) through the Fiscal Quarter ending June 30, 2019, any fee, expense or charge
related to actions taken to achieve the cost synergies; and (xiv) for any period from the Effective Date (or, in respect of CBI and its Subsidiaries following the consummation of the Business Combination, for any period from April 1, 2018)
through the Fiscal Quarter ending June 30, 2019,
and 

(ix)
    legal expense or settlements incurred not to exceed $175,000,000 in the
aggregate for any four Fiscal Quarter period; minus

  
 -21- 

 (c)    the sum of, in each case to the extent included
in the calculation of such Consolidated Net Income, but without duplication: 
 (i)    any credit for
income Tax; 
 (ii)    non-cash interest income; 

(iii)    any other non-cash gains or income which have been added
in determining Consolidated Net Income, including (A) equity in income of nonconsolidated Affiliates and (B) any gain related to pension obligations; 

(iv)    the income of any Restricted Subsidiary that is not a Guarantor to the extent that the declaration
or payment of dividends or similar distributions or transfers or loans by such Restricted Subsidiary of that income is not at the time permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree, statute, rule
or governmental regulation applicable to such Restricted Subsidiary; 
 (v)    [Reserved];reserved];
 
 (vi)    the income of any Unrestricted Subsidiary or any Person (other than a
Restricted Subsidiary) in which any other Person (other than the Parent or a Wholly-Owned Restricted Subsidiary or any director or other Person holding qualifying shares in accordance with applicable law) has an interest, except without duplication,
(A) to the extent of the amount of dividends or other distributions or transfers or loans actually paid to the Parent or a Wholly-Owned Restricted Subsidiary by such Unrestricted Subsidiary or Person during such period and (B) in the case
of Joint Ventures, equity in the earnings of the Joint Venture; and 
 (vii)    any aggregate net gains
from the sale, exchange or other disposition of property, plant, or equipment or Stock of a Subsidiary by the Parent or its Subsidiaries. 
 EBITDA for a
consecutive four-quarter period shall be calculated after giving effect, on a pro forma basis, to Acquisitions made by the Parent or its Restricted Subsidiaries during such period and the sale, exchange or other disposition of business units by the
Parent or its Restricted Subsidiaries out of the ordinary course of business during such period (and subsequent to such period and on or before the date of incurrence
of the Indebtedness giving rise to the need to calculate the Leverage Ratio or the Secured Leverage Ratio) as if such Acquisitions or sale, exchange or other disposition occurred on the first
day of the period so long as the Parent provides to each Administrative Agent reconciliations and other detailed information relating to adjustments to the relevant financial statements (including copies of financial statements of the Person or
assets acquired in such Acquisition) used in computing EBITDA (and the relevant elements thereof) sufficient to demonstrate such pro forma calculations in reasonable detail. For purposes of this paragraph, the Business Combination shall be an “Acquisition”. 

  
 -22- 

 “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 the parent of an institution described in clause
(a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated
supervision with its parent. 
 “EEA Member Country” means any of the member states of the European Union, Iceland,
Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public administrative authority or any person entrusted
with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” has the meaning set forth in Section 3.2. 

“Eligible Assignee” means (a) with respect to an assignment of a Term Commitment or Term Loans, an Eligible Term
Assignee, (b) with respect to an assignment of an LC Facility Commitment or Letter of Credit Obligations, an Eligible LC Assignee and (c) with respect to an assignment of a Revolving Commitment or Revolving Loans, an Eligible Revolving
Assignee. 
 “Eligible LC Assignee” means (a) an LC Lender or any Affiliate of an LC Lender or an Approved Fund with
respect to an LC Lender, (b) a commercial bank having total assets in excess of $5,000,000,000.00, (c) a finance company, insurance company or any other financial institution or fund, in each case reasonably acceptable to the Revolving and LC
Administrative Agent and regularly engaged in making, purchasing or investing in loans and having a net worth, determined in accordance with GAAP, in excess of $500,000,000.00 or, to the extent net worth is less than such amount, a finance company,
insurance company, other financial institution or fund, reasonably acceptable to the Revolving and LC Administrative Agent, each Issuer and the Borrowers (which consent shall, in each case, not be unreasonably withheld or delayed) or (d) a
savings and loan association or savings bank organized under the laws of the United States or any State thereof having a net worth, determined in accordance with GAAP, in excess of $250,000,000.00; provided that the term Eligible LC Assignee
shall exclude any competitor of the Parent or any of its Subsidiaries that is primarily engaged in an Eligible Line of Business and that has been specifically identified as such in writing by the Borrowers to the Revolving and LC Administrative
Agent, which such exclusion shall not apply retroactively to exclude or disqualify any parties that have previously acquired an assignment or participation interest in an LC Facility Commitment or Letter of Credit Obligations. 

“Eligible Line of
Business” means the businesses and activities engaged in by the Parent and its Subsidiaries on the Effective Date (after giving effect to the Business Combination), any other businesses or activities reasonably related or incidental
thereto 

  
 -23- 

 
and any other businesses that, when taken together with the existing
businesses of the Parent and its Subsidiaries, are immaterial with respect to the assets and liabilities of the Parent and its Subsidiaries, taken as a whole. 

“Eligible Term Assignee” means (a) a Term Lender or any Affiliate of a Term Lender or an Approved Fund with respect to a
Term Lender and (b) any other Person (other than, the case of each of clauses (a) and (b), (i) a natural person, or (ii) the Parent, any Subsidiary of the Parent or any other Affiliate of
the Parent or (iii) a Disqualified Lender). 

“Eligible Revolving Assignee” means (a) a Revolving Lender or any Affiliate of a Revolving Lender or an Approved Fund
with respect to a Revolving Lender, (b) a commercial bank having total assets in excess of $5,000,000,000.00, (c) a finance company, insurance company or any other financial institution or fund, in each case reasonably acceptable to the
Revolving and LC Administrative Agent and the Swing Loan Lender and regularly engaged in making, purchasing or investing in loans and having a net worth, determined in accordance with GAAP, in excess of $500,000,000.00 or, to the extent net worth is
less than such amount, a finance company, insurance company, other financial institution or fund, reasonably acceptable to the Revolving and LC Administrative Agent, the Swing Loan Lender, each Issuer and the Borrowers (which consent shall, in each
case, not be unreasonably withheld or delayed) or (d) a savings and loan association or savings bank organized under the laws of the United States or any State thereof having a net worth, determined in accordance with GAAP, in excess of
$250,000,000.00; provided that the term Eligible Revolving Assignee shall exclude any competitor of the Parent or any of its Subsidiaries that is primarily engaged in an Eligible Line of Business and that has been specifically identified as
such in writing by the Borrowers to the Revolving and LC Administrative Agent, which such exclusion shall not apply retroactively to exclude or disqualify any parties that have previously acquired an assignment or participation interest in a
Revolving Commitment or Revolving Loan. 

“Eligible Line of
Business” means the businesses and activities engaged in by the Parent and its Subsidiaries on the Effective Date (after giving effect to the Business Combination), any other businesses or activities reasonably related or
incidental thereto and any other businesses that, when taken together with the existing businesses of the Parent and its Subsidiaries, are immaterial with respect to the assets and liabilities of the Parent and its Subsidiaries, taken as a
whole. 
 “Employee Benefit Plan” means any “employee
benefit plan” as defined in Section 3(3) of ERISA which is or was sponsored, maintained or contributed to by, or required to be contributed by, the Parent, any of its Subsidiaries, any Guarantor or any of their respective ERISA Affiliates.

 “Environmental Laws” means all applicable Requirements of Law now or hereafter in effect and as amended or supplemented
from time to time, relating to pollution or the regulation and protection of human health, safety, the environment or natural resources, including the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended (42
U.S.C. § 9601 et seq.); the Hazardous Material Transportation Act, as amended (49 U.S.C. § 1801 et seq.); the Federal Insecticide, Fungicide, and 

  
 -24- 

 
Rodenticide Act, as amended (7 U.S.C. § 136 et seq.); the Resource Conservation and Recovery Act, as amended (42 U.S.C. § 6901 et seq.); the Toxic Substance Control Act,
as amended (15 U.S.C. § 2601 et seq.); the Clean Air Act, as amended (42 U.S.C. § 7401 et seq.); the Federal Water Pollution Control Act, as amended (33 U.S.C. § 1251 et seq.); the Occupational Safety and Health
Act, as amended (29 U.S.C. § 651 et seq.); the Safe Drinking Water Act, as amended (42 U.S.C. § 300f et seq.); the Oil Pollution Act of 1990; and each of their state and local counterparts or equivalents. 

“Environmental Liabilities and Costs” means, with respect to any Person, all liabilities, obligations, responsibilities,
Remedial Actions, losses, damages, punitive damages, consequential damages, treble damages, costs and expenses (including all fees, disbursements and expenses of counsel, experts and consultants and costs of investigation and feasibility studies),
fines, penalties, sanctions and interest incurred as a result of any claim or demand by any other Person, whether based in contract, tort, implied or express warranty, strict liability, criminal or civil statute and arising under any Environmental
Law, Permit, order or agreement with any Governmental Authority or other Person, in each case relating to and resulting from the past, present or future operations of, or ownership of property by, such Person or any of its Subsidiaries. 

“Environmental Lien” means any Lien in favor of any Governmental Authority pursuant to any Environmental Law. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations promulgated
thereunder. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) under common control or treated
as a single employer with the Parent, any of its Subsidiaries or any Guarantor within the meaning of Section 414(b), (c), (m) or (o) of the Code. Any former ERISA Affiliate of the Parent, any of its Subsidiaries or any Guarantor shall
continue to be considered an ERISA Affiliate of the Parent, such Subsidiary or such Guarantor within the meaning of this definition with respect to the period such entity was an ERISA Affiliate of the Parent, such Subsidiary or such Guarantor and
with respect to liabilities arising after such period for which the Parent, such Subsidiary or such Guarantor could be liable under the Code or ERISA. 

“ERISA Event” means (a) a reportable event described in Section 4043(b) or 4043(c) of ERISA with respect to a Title
IV Plan, (b) the withdrawal of the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate from a Title IV Plan subject to Section 4063 or Section 4064 of ERISA during a plan year in which any such entity was a
“substantial employer” (as defined in Section 4001(a)(2) of ERISA) or the termination of any such Title IV Plan resulting, in either case, in a material liability to any such entity, (c) the “complete or partial
withdrawal” (within the meaning of Sections 4203 and 4205 of ERISA) of the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate from any Multiemployer Plan where the Withdrawal Liability could reasonably be expected to exceed
$15,000,000.00 (individually or in the aggregate), (d) notice of reorganization, insolvency, intent to terminate or termination of a Multiemployer Plan is received by the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate,
(e) the filing of a 

  
 -25- 

 
notice of intent to terminate a Title IV Plan under Section 4041(c) of ERISA or the treatment of a plan amendment as a termination under Section 4041(e) of ERISA, where such termination
constitutes a “distress termination” under Section 4041(c) of ERISA, (f) the institution of proceedings to terminate a Title IV Plan by the PBGC, (g) the failure to make any required contribution to a Title IV Plan or
Multiemployer Plan or to meet the minimum funding standard of Section 412 of the Code (in either case, whether or not waived in accordance with Section 412(c) of the Code), (h) the determination that any Title IV Plan is in “at-risk status” (within the meaning of Section 430 of the Code or Section 303 of ERISA) or that a Multiemployer Plan is in “endangered status”, “seriously endangered” or
“critical status” (within the meaning of Section 432 of the Code or Section 305 of ERISA), (i) any other event or condition that might reasonably be expected to constitute grounds under Section 4042 of ERISA for the
termination of, or the appointment of a trustee to administer, any Title IV Plan or Multiemployer Plan or the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA,
(j) the imposition of liability on the Parent, any of its Subsidiaries, any Guarantor or any of their respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of
ERISA, (k) the imposition of a Lien upon the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate pursuant to Section 436(f) or Section 430(k) of the Code or Section 303(k) of ERISA, (l) the occurrence of an
act or omission which could reasonably be expected to give rise to the imposition on the Parent, any Borrower, any of their respective Subsidiaries, any Guarantor or any of their respective ERISA Affiliates of fines, penalties, Taxes or related
charges under Chapter 43 of the Code or under Section 409, Section 502(c), (i) or (l), or Section 4071 of ERISA in respect of any “employee pension plan” (within the meaning of Section 3(2) of ERISA) or (m) receipt
from the IRS of notice of the failure of any employee pension plan that is intended to be qualified under Section 401(a) of the Code) to qualify under Section 401(a) of the Code, or the failure of any trust forming part of any such
employee pension plan to qualify for exemption from taxation under Section 501(a) of the Code. 
 “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to
time. 
 “Eurodollar Lending Office” means, with respect to any Lender, the office of such Lender specified as its
“Eurodollar Lending Office” from time to time to the Borrowers and the Applicable Administrative Agent. 
 “Eurodollar
Rate” means, for any Interest Period, a fluctuating rate per annum equal to (x) the rate per annum determined by the Applicable Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two
Business Days prior to the beginning of such Interest Period to be the London interbank offered rate for such Interest Period, as currently published on the applicable Reuters screen page (or such other commercially available source providing such
quotation of such rate as may be designated by the Applicable Administrative Agent from time to time) for a period equal to such Interest Period, or (y) if the rate in clause (x) above does not appear on such page or service or if
such page or service is not available, the rate per annum determined by the Applicable 

  
 -26- 

 
Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Business Days prior to the beginning of such Interest Period to be the offered rate for a period equal to
such Interest Period on such other page or other service which displays an average London interbank offered rate (the preceding clauses (x) and (y), the “LIBO Screen Rate”); provided that at no time will
the Eurodollar Rate (a) with respect to the Term Facility be deemed to be less than 1.00% per annum or (b) with respect to the Revolving Facility and the LC Facility, 0% per annum. 

“Eurodollar Rate Loan” means any Loan that bears interest based on the Eurodollar Rate. 

“Event of Default” has the meaning specified in Section 9.1. 

“Excepted Consent” means, at any time, any consent, authorization, approval, filing or registration with or from any non-U.S. Governmental Authority that is listed on Schedule 7.14 with respect to which the time periods set forth opposite each such item or action on Schedule 7.14 (or such longer period permitted by
each Administrative Agent in its sole discretion) have not expired. 

“Exchangeable Notes” means that certain exchangeable note issued
by McDermott Technology, B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands, which will be mandatorily exchangeable for shares of common stock
of the Parent as more fully described in the Parent Registration Statement, together with the legacy notes into which such exchangeable note will split in one or more transactions as more fully described in the Parent Registration
Statement. 
 “Excluded Subsidiary” means, at any time,
(a) any non-U.S. Subsidiary if at such time such Subsidiary’s Guarantee is prohibited by (x) any Governmental Authority with authority over such non-U.S.
Subsidiary or (y) applicable law or regulation or analogous restriction, or such Subsidiary’s Guarantee would result in a substantial risk to the officers or directors of such Subsidiary or a civil or criminal liability and (b) any non-U.S. Subsidiary under circumstances where each of the Administrative Agents determine in their sole discretion (in consultation with the Parent) that the cost, burden, difficulty or consequence of providing such
Guarantee at such time is excessive in relation to the value afforded thereby. 
 “Excluded Swap Obligations” means, with
respect to any Loan Party (other than the Parent and the Borrowers), any Swap Obligation entered into after the Effective Date if, and to the extent that, after giving effect to the keepwell agreement in Section 2 of the Guaranty Agreement and
any other “keepwell, support, or other agreement” among the Loan Parties for purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act, all or a portion of the Guarantee of such Loan Party of, or the grant by such Loan Party
of a security interest to secure, such Swap Obligation (or any Guarantee 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 Loan Party’s failure for any reason to constitute an “eligible 

  
 -27- 

 
contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guarantee of such Loan Party or the grant of such security interest becomes
effective with respect to such Swap Obligation. If a Swap Obligation entered into after the Effective Date 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 Guarantee or security interest is or becomes illegal. 
 “Excluded Taxes” means any of
the following Taxes imposed on or with respect to a Lender, Issuer or Administrative Agent or required to be withheld or deducted from a payment to a Lender, Issuer or Administrative Agent: (a) Taxes imposed on or measured by net income
(however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Lender, Issuer or Administrative Agent being organized under the laws of, or having its principal office or, in the case of any
Lender, its
aA
pplicable lLending
oO
ffice located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes (other than U.S. withholding
Taxes to the extent such Taxes (A) would not be imposed or payable (including, without limitation, as the result of an applicable income Tax treaty that otherwise would reduce or eliminate the Tax) if any Borrower was a United States person
within the meaning of Section 7701(a)(30) of the Code or (B) are imposed with respect to payments from any United States person to the Borrowers) imposed on payments to or for the account of such Lender under the Loan Documents pursuant to
a law in effect on the Effective Date or the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Parent or a Borrower) or (ii) such Lender changes its lending
office, except in each case to the extent that, pursuant to Section 2.19, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such
Lender immediately before it changed its lending office, (c) Taxes attributable to such Lender, Issuer or Administrative Agent’s failure to comply with Section 2.19(e) (other than if such failure is due to a
change in any applicable Requirement of Law occurring after the date on which a form originally was required to be provided) and (d) any U.S. federal withholding Taxes imposed under FATCA. 

“Excluded Vessel” means, at any time, a marine vessel subject to a Lien permitted under
Section 8.2(d), 8.2(e) or 8.2(m). 
 “Execution Date” has the meaning specified in
Section 3.1. 
 “Existing Cash Secured Letters of Credit” means each letter of credit listed on
Part C of Schedule VI hereto, regardless of applicant listed thereon. 
 “Existing LC Facility Letters of
Credit” means each letter of credit listed on Part B of Schedule VI hereto, regardless of applicant listed thereon. 

“Existing Letters of Credit” means each letter of credit listed on Schedule VI hereto, regardless of the applicant
listed thereon. 

  
 -28- 

 “Existing Parent Credit Agreement” means the Credit Agreement dated as of
June 30, 2017 among the Parent, as borrower, CA CIB, as administrative agent and collateral agent and the lenders and other parties party thereto. 

“Existing Revolving Letters of Credit” means each letter of credit listed on Part A of Schedule VI
hereto, regardless of applicant listed thereon. 
 “Exposure” means, collectively, Revolving Exposure, LC Facility Exposure
and Term Exposure. 
 “Extended Letter of Credit” has the meaning specified in Section 2.7(b).

 “Extending Lenders” has the meaning specified in
Section 2.25(a). 
 “Extension Agreement” means an amendment to this Agreement, in form and substance reasonably satisfactory to each Administrative Agent, the Parent and the Borrowers, among the
Parent, each Borrower, each Administrative Agent and each Extending Lender, effecting one or more Extension Permitted Amendments and such other amendments hereto and to the other Loan Documents as may be required or advisable to effect the
transactions contemplated by Section 2.25. 
 “Extension Offer” has the meaning specified in Section 2.25(a). 

“Extension Permitted Amendment” means an amendment to this
Agreement and the other Loan Documents, effected in connection with an Extension Offer pursuant to Section 2.25, providing for an extension of the Applicable Maturity Date applicable to the Applicable Loans and/or Applicable Commitments being
extended pursuant to Section 2.25 of the Extending Lenders (such Applicable Loans and/or Applicable Commitments being referred to as the “Extended Loans” and “Extended Commitments”, respectively) and, which may also provide
for the following with respect to any such Extended Loans or Extended Commitments: 

(a)    an increase or decrease in the rate of interest
accruing on such Extended Loans, 
 (b)    in the case of Extended Loans that constitute Term Loans, a modification of the scheduled amortization applicable thereto, provided that the weighted average life to maturity of such
Extended Loans shall be no shorter than the remaining weighted average life to maturity (determined at the time of the effectiveness of such amendment) of
the Applicable Loans a portion or all of which are being extended by such Extended Loans, 

(c)    a modification of voluntary or mandatory
prepayments applicable thereto (including prepayment premiums and other restrictions thereon), provided that such requirements may provide that such Extended Loans may participate in any mandatory prepayments on a pro rata basis (or on a
basis that is less than pro rata) with the Applicable Loans, but may not provide for prepayment requirements that are more favorable to the Extending Lenders than those applicable to the Applicable Loans, 

  
 -29- 

(d)    an increase in the fees payable to, or the
inclusion of new fees to be payable to, the Extending Lenders in respect of such Extension Offer or their Extended Loans or Extended Commitments, and/or 

(e)    an addition of any affirmative or negative
covenants applicable to the Parent, the Borrowers and the Subsidiaries, provided that any such additional covenant with which the Parent, the Borrowers and/or the Restricted Subsidiaries shall be required to comply prior to the latest Applicable
Maturity Date in effect immediately prior to such Extension Permitted Amendment for the benefit of the Extending Lenders providing such Extended Loans or Extended Commitments shall also be for the benefit of all other Applicable
Lenders. 
 “Facility” means each of the Revolving
Facility, the LC Facility and the Term Facility. 
 “Fair Market Value” means the value that would be paid by a willing
buyer to an unaffiliated willing seller in a transaction not involving distress or necessity of either party; provided that for any determination of Fair Market Value for a Mortgaged Vessel in connection with an Asset Sale to be made pursuant
to Section 8.4(g), (h) or (i) in which the Fair Market Value of the properties disposed of in such Asset Sale exceeds $10,000,000.00, the Borrowers shall provide evidence reasonably satisfactory to each
Administrative Agent with respect to the calculation of such Fair Market Value; provided that if any appraisal of a marine vessel contains a range of values for such marine vessel, the “Fair Market Value” of such marine vessel shall be
deemed to be an amount equal to the midpoint of such range. 
 “FATCA” means Sections 1471 through 1474 of the Code, as of
the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into
pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted by a Governmental Authority pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities entered
into in connection with the implementation of the foregoing. 
 “Federal Funds Rate” means for any day, the rate per
annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day;
provided that if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the immediately preceding Business Day as so published on the next succeeding Business Day; provided,
further, that if no such rate is published on such next succeeding Business Day, the Applicable Administrative Agent may, in its discretion, determine the Federal Funds Rate for such day by reference to the average rate charged to the
Applicable Administrative Agent on such day on such transactions as determined by such Administrative Agent. 
 “Federal Reserve
Board” means the Board of Governors of the United States Federal Reserve System, or any successor thereto. 

  
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 “FEMA” has the meaning set forth in Section 7.5.

 “Flood Hazard Property” means any Mortgaged Property on
which a “Building” or a “Manufactured (Mobile) Home” (in each case, as defined in the applicable Flood Insurance Regulation) is located that is in an area designated by the Federal Emergency Management Agency as having special
flood or mudslide hazards. 
 “Final Satisfaction
Date” shall be the date on which each of the following have occurred: (a) all Obligations have been paid or otherwise satisfied in full (other than in respect of any contingent indemnification or expense reimbursement obligations for
which no claim has been asserted), (b) all Commitments have terminated or expired and the obligations of the Issuers to issue Letters of Credit hereunder have terminated and (c) each Letter of Credit has expired or has been cash collateralized,
back-stopped or secured to the satisfaction of the applicable Issuers. 
 “Financial Letter of Credit” means a Letter of
Credit other than a Performance Letter of Credit. 
 “Financial Statements” means the financial statements of the Parent
and its Subsidiaries delivered in accordance with Section 3.2(b) or Section 6.1. 

“Fiscal Quarter” means the fiscal quarter of the Parent ending on March 31, June 30, September 30 or
December 31 of the applicable Fiscal Year, as applicable. 
 “Fiscal Year” means the fiscal year of the Parent, which
is the same as the calendar year. 
 “Fixed Charge Coverage Ratio” means, as of any date of determination, the ratio of
(a) EBITDA to (b) the sum of (i) Interest Expense, (ii) the aggregate principal amount of all regularly scheduled principal payments (not including any voluntary or contingent mandatory prepayments for any Indebtedness) or
scheduled redemptions or similar acquisitions for value in respect of outstanding Indebtedness for borrowed money made by the Parent and any Restricted Subsidiary and (iii) the aggregate amount of Federal, state, local and foreign income Taxes
paid in cash, in each case, of or by the Parent and its Restricted Subsidiaries, in each case for the items listed in clauses (a) and (b) above, for the most recently ended four Fiscal Quarter period for which financial statements have been
delivered pursuant to Section 6.1(a) or (b). 
 “Focus Four Projects” means the “Focus Four Projects” identified in the Information
Memorandum.Flood Hazard Property” means any Mortgaged Property on which a “Building” or a
“Manufactured (Mobile) Home” (in each case, as defined in the applicable Flood Insurance Regulation) is located that is in an area designated by the Federal Emergency Management Agency as having special flood or mudslide
hazards. 
 “Fronted Letters of Credit” means each
Revolving Letter of Credit and each LC Facility Letter of Credit. 

  
 -31- 

 “Fronting Exposure” means, at any time there is a Defaulting Lender,
(a) with respect to any Revolving Issuer, such Defaulting Lender’s Ratable Portion of the outstanding Revolving Letter of Credit Obligations of such Revolving Issuer, other than Revolving Letter of Credit Obligations as to which such
Defaulting Lender’s participation obligation has been reallocated to other Revolving Lenders or cash collateralized in accordance with the terms hereof and (b) with respect to any LC Facility Issuer, such Defaulting Lender’s Ratable
Portion of the LC Facility Outstandings of such LC Facility Issuer, other than LC Facility Letter of Credit Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other LC Lenders or cash
collateralized in accordance with the terms hereof and (c) with respect to the Swing Loan Lender, if a Revolving Lender is a Defaulting Lender, such Defaulting Lender’s Ratable Portion of Swing Loans other than Swing Loans as to which such
Defaulting Lender’s participation obligation has been reallocated to other Lenders or repaid in accordance with the terms hereof. 

“Fronting Fee” means the Fronting Fee specified in Section 2.15(c)(i). 

“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. 
 “GAAP” means generally accepted
accounting principles in the United States of America as in effect from time to time. 

“G-20 Countries” means Argentina, Australia, Brazil, Canada, China, the European
Union, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States of America. 

“Global Intercompany Note” means the global intercompany note substantially in the form of Exhibit G hereto. 

“Governmental Authority” means any nation, sovereign or government, any state or other political subdivision thereof and any
entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, including any central bank (including any supra-national bodies such as the European Union or the European Central
Bank). 
 “GS” means Goldman Sachs Bank USA. 

“Guarantee” means (a) in the case of the Parent, each Borrower and each other Subsidiary Guarantor, the guarantees of
the Obligations contained in the Guaranty Agreement and (b) additionally in the case of the Parent, the guarantee of the Obligations contained in Article XII of this Agreement. 

“Guarantor” means the Parent and each Subsidiary of the Parent (including each Borrower) that has guaranteed the Obligations
pursuant to the Guaranty Agreement, until such time as such Subsidiary ceases to guarantee the Obligations pursuant to the terms of any such agreement. As of the Effective Date, the Parent, each Borrower and each Subsidiary listed on Schedule
V hereto is a Guarantor. 

  
 -32- 

 “Guaranty Agreement” means, collectively, (a) the Guaranty Agreement
executed by the Borrowers and certain other Subsidiary Guarantors in favor of the AdministrativeCollateral Agents on the Effective Date and (b) any other guaranty agreement executed and delivered by any Restricted Subsidiary in form and substance satisfactory to each Administrative Agent, pursuant to which such
Restricted Subsidiary makes a Guarantee. 
 “Guaranty Obligation” means, as applied to any Person, without
duplication, any direct or indirect liability, contingent or otherwise, of such Person with respect to any Indebtedness of another Person, if the purpose of such Person in incurring such liability is to provide assurance to the obligee of such
Indebtedness that such Indebtedness will be paid or discharged, or that any agreement relating thereto will be complied with, or that any holder of such Indebtedness will be protected (in whole or in part) against loss in respect thereof, including
(a) the direct or indirect guaranty, endorsement (other than for collection or deposit in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such Person of
Indebtedness of another Person and (b) any liability of such Person for Indebtedness of another Person through any agreement (contingent or otherwise) (i) to purchase, repurchase or otherwise acquire such Indebtedness or any security
therefor, or to provide funds for the payment or discharge of such Indebtedness (whether in the form of a loan, advance, stock purchase, capital contribution or otherwise), (ii) to maintain the solvency or any balance sheet item, level of income or
financial condition of another Person, (iii) to make take-or-pay or similar payments, regardless of non-performance by any
other party or parties to an agreement, (iv) to purchase, sell or lease (as lessor or lessee) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Indebtedness or to assure the
holder of such Indebtedness against loss or (v) to supply funds to, or in any other manner invest in, such other Person (including to pay for property or services irrespective of whether such property is received or such services are rendered),
if (and only if) in the case of any agreement described under clause (b)(i), (ii), (iii), (iv) or (v) above the primary purpose or intent thereof is to provide assurance to the obligee of Indebtedness of any
other Person that such Indebtedness will be paid or discharged, or that any agreement relating thereto will be complied with, or that any holder of such Indebtedness will be protected (in whole or in part) against loss in respect thereof. The amount
of any Guaranty Obligation shall be equal to the amount of the Indebtedness so guaranteed or otherwise supported or, if such amount is not stated or otherwise determinable, the maximum reasonable anticipated liability in respect thereof as
determined by the guaranteeing Person in good faith. For the avoidance of doubt, the term “Guaranty Obligation” shall not include reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance
Guarantees. 
 “Hedging Contracts” means all Interest Rate Contracts, foreign exchange contracts, currency swap or option
agreements, forward contracts, commodity swap, purchase or option agreements, other commodity price hedging arrangements, and all other similar agreements or arrangements designed to alter the risks of any Person arising from fluctuations in
interest rates, currency values or commodity prices. 

  
 -33- 

 “Hedging Obligations” has the meaning given to such term in the definition
of “Obligations”. 
 “Immaterial Guarantor” means a Guarantor (other than the Parent or any Borrower) that is not
a Material Wholly-Owned Subsidiary. 
 “Immaterial Subsidiary” means, on any date of determination, a Subsidiary having
assets with an aggregate net book value (excluding, for the avoidance of doubt, intercompany balances) of less than $5,000,000.00. 

“Increase and Joinder Agreement” has the meaning set forth in Section 2.24(d)(v).

 “Increased Amount Date” has the meaning specified in Section 2.24(c). 

“Incremental Facility” means each Incremental Term Facility, each Incremental Term Loan Facility, each Incremental Revolving
Facility, each Incremental LC Facility. 
 “Incremental LC Facility” has the meaning specified in
Section 2.24(b). 
 “Incremental Revolving Facility” has the meaning specified in
Section 2.24(a). 
 “Incremental Term Facility” has the meaning specified in
Section 2.24(a). 
 “Incremental Term Loan Facility” has the meaning specified in
Section 2.24(a). 
 “Indebtedness” of any Person means, without duplication: 

(a)    all indebtedness of such Person for borrowed money; 

(b)    all obligations of such Person evidenced by promissory notes, bonds, debentures or similar instruments; 

(c)    all matured reimbursement obligations with respect to letters of credit, bankers’ acceptances, surety bonds,
performance bonds, bank guarantees, and other similar obligations; 
 (d)    all other obligations with respect to
letters of credit, bankers’ acceptances, surety bonds, performance bonds, bank guarantees and other similar obligations, whether or not matured, other than unmatured or undrawn, as applicable, obligations with respect to Performance Guarantees;

 (e)    all indebtedness for the deferred purchase price of property or services, other than trade payables incurred
in the ordinary course of business that, after the Discharge of First Priority Claims, are not overdue by more than
90 days or disputed in good faith; 

  
 -34- 

 (f)    all indebtedness of such Person created or arising under any
conditional sale or other title retention agreement (other than operating leases) with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited
to repossession or sale of such property); 
 (g)    all Capital Lease Obligations of such Person; 

(h)    all Guaranty Obligations of such Person; 

(i)    all obligations of such Person to purchase, redeem, retire, defease or otherwise acquire for value any Disqualified
Stock of such Person, valued, in the case of redeemable preferred Disqualified Stock, at the greater of its voluntary liquidation preference and its involuntary liquidation preference plus accrued and unpaid dividends; 

(j)    net payments that such Person would have to make in the event of a termination of the Hedging Contracts of such
Person if such termination occurred on the date Indebtedness of such Person is being determined; 
 (k)    all Alternate
Program Indebtedness of such Person; and 
 (l)    all Indebtedness of the type referred to above secured by (or for
which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien upon or in property (including accounts and general intangibles) owned by such Person, even though such Person has not assumed or become
liable for the payment of such Indebtedness, but amounts of such Indebtedness shall be the lesser of the value of the property owned by such Person securing such Indebtedness and the principal amount of such Indebtedness. 

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, limited liability company or other entity in which the liability of the joint venturer is limited) in which such Person is a general partner or a joint venturer, except to the extent such Person’s liability for such
Indebtedness is otherwise limited by applicable law or contract. For the avoidance of doubt, the term “Indebtedness” shall not include reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance
Guarantees. 
 “Indemnified Matters” has the meaning specified in Section 11.4(a). 

“Indemnitees” has the meaning specified in Section 11.4(a). 

“Information” means all information received from the Parent or any of its Subsidiaries relating to the Parent or any of its
Subsidiaries or any of their respective businesses after the date hereof that is posted to IntraLinks, DebtDomain, SyndTrak or a similar service or otherwise clearly identified at the time of delivery as confidential other than any such information
that is available to each Administrative Agent, any Lender or any Issuer on a nonconfidential basis prior to disclosure by the Parent or any of its Subsidiaries. 

  
 -35- 

 “Information Memorandum” means the Confidential Information Memorandum
related to this Agreement dated March 9, 2018. 
 “Installment” means each payment of the principal amount of the Term
Loans due under Section 2.9(a) (including the payment due on the Scheduled Term Maturity Date). 

“Insurance/Condemnation Event” means any casualty or other insured damage to, or any taking under the power of eminent domain
or by condemnation or similar proceeding of, or any disposition under a threat of such taking of, all or any part of any assets of the Parent or any Restricted Subsidiary, resulting in aggregate Net Cash Proceeds exceeding $25,000,000.00. 

“Intercreditor Agreement” means the Collateral Agency and Intercreditor Agreement or, a Junior Intercreditor Agreement, or a Senior Intercreditor Agreement, as applicable. 

“Interest Expense” means, for the Parent for any period, total interest expense of the Parent and its Restricted Subsidiaries
for such period, as determined on a consolidated basis in conformity with GAAP and including, in any event (without duplication for any period or any amount included in any prior period): 

(a)    net costs under Interest Rate Contracts for such period; 

(b)    any commitment fee (including the Revolving Commitment Fee and the LC Facility Commitment Fee) accrued, accreted or
paid by such Person during such period; 
 (c)    any fees and other obligations (other than reimbursement obligations)
with respect to letters of credit (including the Letter of Credit Participation Fees) and bankers’ acceptances (whether or not matured) accrued, accreted or paid by such Person for such period, plus (without duplication) any such amounts that
are included in the cost of operations on the consolidated statement of operations of such Person prepared in conformity with GAAP; and 

(d)    the Fronting Fee. 

For purposes of the foregoing, interest expense shall (i) be determined after giving effect to any net payments made or received by the Parent or any
Subsidiary with respect to interest rate Hedging Contracts and (ii) exclude interest expense accrued, accreted or paid by the Parent or any Subsidiary of the Parent to the Parent or any Subsidiary of the Parent. Notwithstanding the foregoing,
the interest component of all payments associated with any lease that would have been accounted for as an operating lease on a balance sheet of such Person prepared in conformity with GAAP as in effect on the Effective Date and amounts included for
any Fiscal Quarter attributable to any upfront fees and similar one-time fees paid in connection with this Agreement shall each be excluded from Interest Expense. 

  
 -36- 

 “Interest Period” means, in the case of any Eurodollar Rate Loan, (a) initially, the period commencing on the date such Eurodollar Rate Loan is
made or on the date of conversion of a Base Rate Loan to such Eurodollar Rate Loan and ending one, two, three or six months thereafter or, in the case of Revolving Loans and with the prior written consent of all Revolving Lenders, such other period
ending twelve months or less thereafter, as selected by a Borrower in its Notice of Borrowing or Notice of Conversion or Continuation given to the Applicable Administrative Agent pursuant to Section 2.2 or 2.14,
and (b) thereafter, if such Loan is continued, in whole or in
part, as a Eurodollar Rate Loan pursuant to Section 2.14, a period commencing on the last day of the immediately preceding Interest Period therefor and ending one, two, three or six months thereafter or, in the case of
Revolving Loans and with the prior written consent of all Revolving Lenders, twelve months or less thereafter, as selected by a Borrower in its Notice of Conversion or Continuation given to the Applicable Administrative Agent pursuant to
Section 2.14; provided, however, that no Interest Period shall extend beyond the Applicable Maturity Date; provided, further, however, that all of the foregoing provisions relating to
Interest Periods in respect of Eurodollar Rate Loans are subject to the following: 
 (i)    if
any Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day, unless the result of such extension would be to extend such Interest Period into another
calendar month, in which event such Interest Period shall end on the immediately preceding Business Day; 

(ii)    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 a calendar month; 

(iii)    the Borrower may not select any Interest Period in respect of Loans having an aggregate principal
amount of less than $5,000,000; and 
 (iv)    (a) in respect of the Revolving Facility, there shall be
outstanding at any one time no more than 10 Interest Periods in the aggregate and (b) in respect of all other Senior Credit Facilities, there shall be outstanding at any one time no more than 10 Interest Periods in the aggregate. 

“Interest Rate Contracts” means all interest rate swap agreements, interest rate cap agreements and interest rate collar
agreements. 
 “Internally Generated Cash” means, with respect to any Fiscal Year, net cash of the Parent and its
Restricted Subsidiaries provided by operating activities of the Parent and its Restricted Subsidiaries during such Fiscal Year, excluding (a) Net Cash Proceeds of any Specified Asset Sale or any Insurance/Condemnation Event, (b) proceeds
of any incurrence or issuance of Indebtedness and (c) proceeds of any issuance or sale of Stock or Stock Equivalents in the Parent or any Restricted Subsidiary or any capital contributions to the Parent or any Restricted Subsidiary. 

  
 -37- 

 “Investment” means, with respect to any Person, any investment of such
Person so classified under GAAP, and whether or not so classified, any loan, advance, extension of credit that constitutes Indebtedness of the Person to whom it is extended, any direct or indirect guaranty in respect of the Indebtedness of another
Person by such Person, or contribution of capital by such Person, and any stocks, bonds, mutual funds, partnership interests, notes (including structured notes), debentures or other securities owned by such Person; excluding, however,
(a) capital expenditures of such Person determined in accordance with GAAP, (b) prepayments or deposits made in the ordinary course of business, (c) accounts receivable and similar items made or incurred in the ordinary course of
business and (d) the payment of the operating expenses and capital expenditures of a Restricted Subsidiary, so long as such payment is in the ordinary course of business and consistent with past business practices with respect to such
Subsidiary prior to the date hereof. For the avoidance of doubt, the term “Investment” shall not include reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance Guarantees. 

“Inventory” has the meaning specified in the Pledge and Security Agreement. 

“IRS” means the Internal Revenue Service of the United States or any successor thereto. 

“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). 

“Issue” means, with respect to any Letter of Credit, to issue, extend the expiry of, renew (including any auto-renewal
thereof) or increase the maximum stated amount (including by deleting or reducing any scheduled decrease in such maximum stated amount) of, such Letter of Credit. The terms “Issued” and “Issuance” shall have a
corresponding meaning. 
 “Issuer” means any LC Facility Issuer, Revolving Issuer or Cash Secured LC Issuer, as applicable.

 “Joint Venture” means any Person that is not a Subsidiary of the Parent and (a) in which the Parent or any
Subsidiary of the Parent, directly or indirectly, owns at least 25% of the Stock or Stock Equivalents of such Person or (b) in which the Parent or any Subsidiary of the Parent owns at least a 25% interest in such joint venture if such Person is
unincorporated and such Person’s financial information is consolidated or proportionally consolidated with the Parent in accordance with GAAP. As of the Effective Date, the Persons listed on Schedule 1.1 are Joint Ventures. 

“Junior Intercreditor Agreement” has the meaning specified
in Section 10.7(cmeans an intercreditor agreement in the form of the
attached Exhibit K or in form and substance satisfactory to the Collateral Agent on terms no less favorable, taken as whole, to the Secured Parties than the terms set forth in Exhibit K (as determined by the Collateral Agent).

  
 -38- 

 “Junior Priority Indebtedness” means any Indebtedness for borrowed money
(excluding intercompany debt) of the Parent or any Restricted Subsidiary that is (i) secured by a Lien on the Collateral that is junior to the Lien on the Collateral that secures the Obligations, (ii) unsecured or (iii) expressly
subordinated in right of payment to the Obligations. 
 “LC Facility” means the senior secured letter of credit facility
evidenced by this Agreement and described in Section 2.5. 
 “LC Facility Cash Collateral
Account” means any blocked cash collateral account pledged by any Borrower to the Collateral Agent for the benefit of the LC Facility Issuers and the LC Lenders containing cash deposited pursuant to Section 2.7(b),
2.22, or 9.3 to be maintained at the Collateral Agent’s office. 
 “LC Facility Commitment” means, with
regard to each LC Lender, the commitment of such LC Lender to participate in LC Facility Letters of Credit in the aggregate principal amount outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule III or in
the Assignment and Acceptance or Increase and Joinder Agreement, as applicable, pursuant to which such LC Lender becomes a party hereto, as such amount may be adjusted from time to time pursuant to this Agreement. “LC Facility
Commitments” means the aggregate of such commitments for all Lenders, and the aggregate amount of the LC Facility Commitments on the Effective Date is $1,390,000,000.00. 

“LC Facility Commitment Fee” has the meaning specified in Section 2.15(b). 

“LC Facility Exposure” means, with respect to any LC Lender, at any time, such LC Lender’s Ratable Portion of the LC
Facility Letter of Credit Obligations at such time. 
 “LC Facility Issuer” means each LC Lender or Affiliate of a LC
Lender that (a) is listed on Schedule II(B), (b) hereafter becomes an LC Facility Issuer with the approval of the Revolving and LC Administrative Agent and the Borrowers and that has executed an agreement with and in form and substance
satisfactory to the Revolving and LC Administrative Agent and the Borrowers to be bound by the terms hereof applicable to LC Facility Issuers, or (c) solely on or after the Effective Date and with respect to any Existing LC Facility Letters of
Credit, is an issuer of such Existing LC Facility Letter of Credit; provided that if an LC Facility Issuer (or its Affiliate) ceases to be an LC Lender, such LC Facility Issuer shall continue to be an LC Facility Issuer hereunder while any LC
Facility Letter of Credit issued by it remains outstanding but shall be under no obligation to Issue any Letter of Credit. 
 “LC
Facility Letter of Credit Issuer Commitment” means (a) the amount set forth on the attached Schedule II(B) for each LC Facility Issuer or (b) such other amount as any LC Facility Issuer and the Borrowers may agree in a
writing delivered to the Revolving and LC Administrative Agent. 
 “LC Facility Letter of Credit” means each letter of
credit issued pursuant to Section 2.5 and shall include, solely on or after the Effective Date, the Existing LC Facility Letters of Credit. 

  
 -39- 

 “LC Facility Letter of Credit Obligations” means, at any time, without
duplication, the aggregate amount equal to the sum of (a) the LC Facility Reimbursement Obligations at such time (or, for any LC Facility Reimbursement Obligations in any Alternative Currency, the Dollar Equivalent thereof at such time) and
(b) the LC Facility Undrawn Amounts at such time. 
 “LC Facility Maturity Date” means the fifth anniversary of the
Effective Date. 
 “LC Facility Obligations” means, at any time, without duplication, the aggregate amount of all
liabilities at such time payable to all LC Facility Issuers and LC Lenders with respect to LC Facility Letters of Credit, whether or not any such liability is contingent, including LC Facility Letter of Credit Obligations. 

“LC Facility Outstandings” means, at any particular time, the sum of the principal amount of the LC Facility Letter of Credit
Obligations outstanding at such time. 
 “LC Facility Reimbursement Obligations” means all outstanding matured
reimbursement or repayment obligations payable to any LC Facility Issuer with respect to amounts drawn under LC Facility Letters of Credit. 

“LC Facility Termination Date” means the earliest of (a) the LC Facility Maturity Date, (b) the date of termination
of all the LC Facility Commitments pursuant to Section 2.8 or Section 9.2 and (c) the date on which all the LC Facility Letter of Credit Obligations become due and payable pursuant to
Section 9.2. 
 “LC Facility Undrawn Amounts” means, at any time, the aggregate undrawn amount of
all LC Facility Letters of Credit outstanding at such time (or, for any LC Facility Letter of Credit denominated in an Alternative Currency, the Dollar Equivalent thereof at such time). 

“LC Lenders” means each financial institution or other entity that (a) is listed on the signature pages of the Agreement
as an “LC Lender” or (b) from time to time becomes a party hereto as an LC Lender by execution of an Assignment and Acceptance or an Increase and Joinder Agreement. 

“Leases” means, with respect to any Person, all of the leasehold estates in Real Property of such Person, as lessee, as such
may be amended, supplemented or otherwise modified from time to time. 
 “Lender” means each Revolving Lender, each LC
Lender, each Term Lender and the Swing Loan Lender. 
 “Letter of Credit” means each Liquidity Letter of Credit and each
Cash Secured Letter of Credit. 
 “Letter of Credit Obligations” means, collectively, the LC Facility Letter of Credit
Obligations and the Revolving Letter of Credit Obligations. 

  
 -40- 

 “Letter of Credit Participation Fee” has the meaning specified in
Section 2.15(c)(ii). 
 “Letter of Credit Reimbursement Agreement” has the meaning
specified in Section 2.7(e). 
 “Letter of Credit Request” has the meaning specified in
Section 2.7(c). 
 “Letter of Credit Undrawn Amounts” means, collectively, the LC Facility
Undrawn Amounts and the Revolving Letter of Credit Undrawn Amounts. 
 “Leverage Ratio” means, as of any date of
determination, the ratio of (a) the sum of (1) Leverage Ratio Debt as of such day, plus (2) the unsecured mark-to-market foreign exchange exposure
of the Parent and its Restricted Subsidiaries, as determined by the Parent using market convention, minus (3) the Segregated Cash Amount to (b) EBITDA for the most recently ended four Fiscal Quarter period for which financial
statements have been delivered pursuant to Section 6.1(a) or (b). 
 “Leverage Ratio Debt”
means Disqualified Stock of the Borrowers and, without duplication, Indebtedness of the Parent and its Restricted Subsidiaries of the type specified in clauses (a), (b), (c), (d), (e), (f), (g),
(h), and (k) (but in the case of clause (k), only to the extent that, in accordance with GAAP, such Alternate Program Indebtedness is required to be included as a liability of the Parent or its Restricted Subsidiaries on its
financial statements) of the definition of “Indebtedness” determined on a consolidated basis in accordance with GAAP. For the avoidance of doubt, the term “Leverage Ratio Debt” shall not include (a) reimbursement or
other obligations with respect to unmatured or undrawn, as applicable, Performance Guarantees and (b) Indebtedness of the Parent or any of its Restricted Subsidiaries that is owed to the Parent, any of its Restricted Subsidiaries or any Joint
Venture that is a Guarantor or permitted pursuant to Section 8.1(s). 
 “LIBO Screen Rate” has
the meaning specified in the definition of “Eurodollar Rate”. 
 “Lien” means any mortgage, deed of trust,
pledge, hypothecation, collateral assignment, charge, deposit arrangement, encumbrance, lien (statutory or other), security interest or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever
intended to assure payment of any Indebtedness or the performance of any other obligation, including any conditional sale or other title retention agreement, the interest of a lessor under a Capital Lease and any financing lease having substantially
the same economic effect as any of the foregoing. 
 “Liquidity” means the sum of (a) unrestricted cash and Cash
Equivalents of the Parent and its Restricted Subsidiaries, plus (b) the unused Revolving Commitments available for Borrowings in accordance with Section 2.1(b), plus (c) the amount on deposit in the
Cash Secured LC Cash Collateral Account in excess of 103% of the sum of (x) the stated amount of all Cash Secured Letters of Credit outstanding as of such date and (y) all Cash Secured Reimbursement Obligations as of such date. 

  
 -41- 

 “Liquidity Commitments” means the Revolving Commitments and the LC Facility
Commitments. 
 “Liquidity Exposure” means, with respect to any Liquidity Lender, at any time, the sum of (a) the LC
Facility Exposure of such Liquidity Lender at such time, plus (b) the Revolving Exposure of such Liquidity Lender at such time. 

“Liquidity Issuer” means any LC Facility Issuer or Revolving Issuer. 

“Liquidity Lender” means each LC Lender, each Revolving Lender and the Swing Loan Lender. 

“Liquidity Letter of Credit” means a Revolving Letter of Credit or a LC Facility Letter of Credit. 

“Liquidity Reimbursement Obligations” means all outstanding matured reimbursement or repayment obligations payable to any
Liquidity Issuer with respect to amounts drawn under Liquidity Letters of Credit. 
 “Lloyds” means Lloyds Bank Corporate Markets plc, formerly known as
Lloyds TSB Bank PLC. 
 “Lloyds Facility” means that
certain Amended and Restated Master Agreement for Stand-by Letters of Credit, dated on or before the Effective
DateMay 10, 2018 (as the same may be amended, amended and
restated, supplemented, extended, or otherwise modified from time to time), among Lloyds and certain of the Loan Parties. 

“Lloyds Letters of Credit” means, collectively, the letters of credit issued or deemed issued pursuant to the Lloyds
Facility and set forth on Schedule VII hereto. 
 “Loan” means any loan made by any Lender pursuant to this
Agreement, including, unless the context requires otherwise, any Swing Loan made by the Swing Loan Lender. 
 “Loan
Documents” means, collectively, this Agreement, the Notes (if any), the Guaranty Agreement, the Collateral Documents, each
Intercreditor Agreement, the Global Intercompany Note, each fee letter entered into by any Loan Party in connection with this Agreement, any agreement executed and delivered, or authorized, by any Loan Party creating or perfecting
rights in cash collateral pursuant to this Agreement and each certificate, agreement or document executed by a Loan Party and delivered to any Administrative Agent or any Lender in connection with or pursuant to any of the foregoing. 

“Loan Party” means each Borrower and each Guarantor. 

“Long-Term Indebtedness” means any Indebtedness of the Parent and its Restricted Subsidiaries that, in conformity with GAAP,
constitutes (or, when incurred, constituted) a long-term liability. 

  
 -42- 

 “Material Adverse Effect” means a material adverse effect upon (a) the
condition (financial or otherwise), business, results of operations or properties of the Borrowers and the Guarantors taken as a whole; (b) the perfection or priority of the Liens granted pursuant to the Collateral Documents; (c) the Loan
Parties’ ability to perform their respective obligations under the Loan Documents; or (d) the validity, binding effect or enforceability against the Loan Parties of the Loan Documents or the rights or remedies of any Administrative Agent,
the Collateral Agent, the Lenders or the Issuers thereunder. 

“Material Intellectual Property” means intellectual property owned by the Parent or any of its Wholly-Owned Subsidiaries that
is material to the business operations of the Parent and its Restricted Subsidiaries, taken as a whole. 
 “Material
Subsidiary” means, with respect to any date of determination, (a) a Restricted Subsidiary contributing (or, if such Restricted Subsidiary was not a Subsidiary of the Parent for the entire Fiscal Year immediately preceding such date,
that would have contributed) more than (i)
52.5
% of the EBITDA or (ii) 52.5% of total assets (as determined in accordance with GAAP) of the Parent and its Restricted Subsidiaries on a consolidated basis, in each case in the Fiscal Year immediately preceding such date or (b) two or
more Restricted Subsidiaries contributing (or, if any such Restricted Subsidiary was not a Subsidiary of the Parent for the entire Fiscal Year immediately preceding such date, that would have contributed) more than (i) 102.5
% of the EBITDA or (ii) 102.5% of
total assets (as determined in accordance with GAAP) of the Parent and its Restricted Subsidiaries on a consolidated basis, in each case in the Fiscal Year immediately preceding such date. Notwithstanding the forgoing, each Borrower and each
Wholly-Owned Subsidiary that owns any Material Intellectual Property shall at all times be a Material Subsidiary. 

“Material Wholly-Owned Subsidiary” means, as of any date of determination pursuant to this Agreement, any Wholly-Owned
Restricted Subsidiary (other than an Excluded Subsidiary) that (a) at such date has assets with an aggregate net book value (excluding intercompany balances) equal to or greater than $40,000,000.00, (b) owns a marine vessel that would be
required to be a Mortgaged Vessel under the terms of this Agreement or the other Loan Documents if such Subsidiary were a Guarantor, (c) is a Borrower, (d) is a Person that directly owns equity interests in any Borrower or any other
Material Wholly-Owned Subsidiary (other than a Wholly-Owned Subsidiary that is a Material Wholly-Owned Subsidiary solely as a result of this clause (d)) or (e) is (i) organized in the same jurisdiction as another Material Wholly-Owned
Subsidiary described in clause (a) of this definition and (ii) not an Immaterial Subsidiary. For purposes of this definition, any nation, sovereign or government (including, for purposes of this definition, the United Kingdom) and
any state, province or other political subdivision thereof shall constitute a single jurisdiction. 
 “Maximum Rate” has
the meaning set forth in Section 11.22. 
 “Migration Amount” has the meaning set forth in Section 2.4(b). 

“Migration Base
Amount” has the meaning set forth in Section 2.4(b). 

  
 -43- 

 “MNPI” means material non-public
information (within the meaning of the United States Federal, state or other applicable securities laws) with respect to the Parent and its Affiliates or their Securities. 

“Moody’s” means Moody’s Investors Services, Inc., and its successors. 

“Mortgaged Properties” means, each parcel of Real Property and the improvements thereto owned or leased by a Loan Party with
respect to which a Mortgage is granted. 
 “Mortgaged Vessel Owning Subsidiary” means at any time any Subsidiary of the
Parent that owns a marine vessel that is or that is required at such time to be a Mortgaged Vessel under the terms of this Agreement or the other Loan Documents. As of the Effective Date, the Mortgaged Vessel Owning Subsidiaries and the Mortgaged
Vessels owned by each are as follows: 
  

							
	 Mortgaged Vessel Owning Subsidiary
	  	 Jurisdiction of Organization
	  	 Mortgaged Vessel
	  	 Vessel Flag

	Hydro Marine Services, Inc.	  	Panama	  	McDermott Derrick Barge No. 27	  	Panama
		  		  	  
 Intermac 650
	  	  
 Panama

	  	  
 McDermott Derrick Barge No. 32
	  	  
 Panama

	  	  
 DLV 2000
	  	  
 Panama

				
		  		  	Lay Vessel 108	  	Malta
				
	 J. Ray McDermott (Norway), AS
  

J. Ray McDermott International Vessels, Ltd.
	  	 Norway
  

Cayman Islands
	  	 North Ocean 102
  
	  	 Malta
  

	  	McDermott Derrick Barge No. 50	  	Panama
				
	McDermott Gulf Operating Company, Inc.	  	Panama	  	Thebaud Sea	  	Canada (bareboat registered in Barbados)
				
	McDermott International Vessels, Inc.	  	Panama	  	Emerald Sea	  	Barbados

  
 -44- 

 “Mortgaged Vessels” means at any time the marine vessels of the Loan
Parties that are subject to a Lien under the Collateral Documents at such time. The Mortgaged Vessels shall consist of the following as of the Effective Date: 
  

			
	 Vessel Name
	  	 Flag

	McDermott Derrick Barge No. 27	  	Panama
	McDermott Derrick Barge No. 50	  	Panama
	McDermott Derrick Barge No. 32	  	Panama
	DLV 2000	  	Panama
	North Ocean 102	  	Malta
	Lay Vessel 108	  	Malta
	Intermac 650	  	Panama
	Thebaud Sea	  	 Canada (bareboat
 registered in
Barbados)

	Emerald Sea	  	Barbados

 “Mortgages” means (a) the fee or leasehold mortgages or deeds of trust, assignments of
leases and rents and other security documents granting a Lien on any Mortgaged Property to secure the Obligations and (b) the mortgages and other security documents granting a Lien on any Mortgaged Vessel to secure the Obligations, in the case
of each of clauses (a) and (b) each in form and substance reasonably satisfactory to the Collateral Agent, as the same may be amended, supplemented, replaced or otherwise modified from time to time in accordance with this
Agreement. 
 “Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which the
Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate has any obligation or liability, contingent or otherwise. 

“Net Cash Proceeds” means, with respect to any event, proceeds received by the Parent or any Restricted Subsidiary after the
Effective Date in cash or Cash Equivalents in respect of such event, net of (a) the reasonable cash costs (including underwriting commissions, legal, investment banking, brokerage and accounting and other professional fees and sales
commissions) paid or reasonably estimated (to the extent reserves for such estimations are maintained in accordance with GAAP) in connection with such event by the Parent or any Restricted Subsidiary to Persons that are not Affiliates of the Parent
or any Restricted Subsidiary and, (b) in the case of any Asset Sale or Insurance/Condemnation
Event, Taxes paid or reasonably estimated to be payable by the Parent or any Restricted Subsidiary as a result thereof (including, for the avoidance of doubt, as a result of any distribution of such proceeds to the Parent or any Restricted
Subsidiary).
and (c) the principal amount, premium or penalty, interest and other amounts on any Indebtedness under the Priming Credit Agreement which is required to be repaid or otherwise comes due or would be in default and is repaid and
the amount of any obligation to cash collateralize any “Letter of Credit” (as defined in the Priming Credit Agreement) which is so deposited, in each case pursuant to the Priming Credit Agreement. 

  
 -45- 

 “New Incremental Commitment” means each additional term commitment provided
pursuant to any Incremental Term Loan Facility, each New Term Commitment, each New Revolving Commitment and each New LC Facility Commitment. 

“New LC Facility Commitment” has the meaning specified in Section 2.24(b). 

“New Lender” has the meaning specified in Section 2.24(c). 

“New Revolving Commitments” has the meaning specified in Section 2.24(a). 

“NO 105” means M.V. Lay Vessel North Ocean 105. 

“NO 105 Indebtedness” means Indebtedness for borrowed money incurred under the North Ocean 105 Credit Agreement and existing
as of the Effective Date. 
 “Non-cash Consideration” means the Fair Market Value
of non-cash consideration received by the Parent or a Restricted Subsidiary in connection with an Asset Sale less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or
collection on such Non-cash Consideration. 

“Non-Consenting Lender” has the meaning specified in
Section 11.1(c). 
 “Non-Defaulting Lender” means a
Liquidity Lender that is not a Defaulting Lender. 
 “Non-Recourse Indebtedness”
means Indebtedness of a Subsidiary of the Parent (in each case that is not a Loan Party) (a) that is on terms and conditions reasonably satisfactory to each Administrative Agent, (b) that is not, in whole or in part, Indebtedness of any
Loan Party (and for which no Loan Party has created, maintained or assumed any Guaranty Obligation) and for which no holder thereof has or could have upon the occurrence of any contingency, any recourse against any Restricted Subsidiary or the
assets thereof (other than the Stock or Stock Equivalents issued by the Subsidiary primarily obligated on such Indebtedness that are owned by a Restricted Subsidiary) for the repayment of such Indebtedness, and (c) owing to an unaffiliated
third-party (which for the avoidance of doubt does not include the Parent, any Subsidiary thereof, any other Loan Party, any Joint Venture (or owner of any interest therein) and any Affiliate of any of them). 

“North Ocean 105 Credit Agreement” means the Facility Agreement dated as of September 30, 2010, among North Ocean 105
AS, as borrower, the Parent, as guarantor, BNP Paribas and Crédit Agricole Corporate and Investment Bank, as mandated lead arrangers, BNP Paribas, as facility agent, security agent, ECA coordinator and documentation bank, and the lenders from
time to time party thereto. 
 “North Ocean Entity” means North Ocean 105 AS, a private limited liability company organized
and existing under the laws of Norway. As of the Effective Date, the North Ocean Entity is a Wholly-Owned Subsidiary of the Parent. 

  
 -46- 

 “Note” means a promissory note of any Borrower payable to any Lender and
its registered assigns evidencing the aggregate Indebtedness of such Borrower to such Lender resulting from the Loans owing to such Lender. 

“Notes Issuer” means initially McDermott Escrow 1, Inc. (which shall
mergemerged with and into McDermott Technology (Americas),
Inc., and McDermott Escrow 2, Inc. (which shall mergemerged with and into McDermott Technology (US), Inc.). 

“Notice of Borrowing” means (a) in respect of the Revolving Facility, a Notice of Revolving Borrowing and (b) in
respect of the Term Facility, a Notice of Term Borrowing. 
 “Notice of Conversion or Continuation” has the meaning
specified in Section 2.14(a). 
 “Notice of Term Borrowing” has the meaning specified in
Section 2.2(a). 
 “Notice of Revolving Borrowing” has the meaning specified in
Section 2.2(b). 
 “Obligations” means the Loans, the Letter of Credit Obligations and all other
amounts, obligations, covenants and duties owing by the Borrowers, the other Loan Parties and each applicant listed on any Existing Letter of Credit to the Agents, any Lender, any Liquidity Issuer, any Affiliate of any of them or any Indemnitee, of
every type and description (whether by reason of an extension of credit, opening or amendment of a letter of credit or payment of any draft drawn thereunder, loan, guaranty, indemnification, foreign exchange or currency swap transaction, interest
rate hedging transaction or otherwise), present or future, arising under (a) this Agreement or any other Loan Document, (b) any Treasury Management Arrangements
(other than Treasury Management Arrangements constituting Priming Credit Agreement Obligations) that are (i) in
effect on the Effective Date with a counterparty that is an Administrative Agent, a Liquidity Lender or any Affiliate of any of the foregoing or (ii) entered into after the Effective Date with a counterparty that was, at the time such Treasury
Management Agreements were entered into, an Administrative Agent, a Liquidity Lender or any Affiliate of any of the foregoing (the Obligations described in this clause (b) being referred to herein as “Treasury Management
Obligations”) or (c) any Hedging Contract (other than Hedging Contracts constituting Priming Credit Agreement
Obligations) that is (i) in effect on the Effective Date with a counterparty that is an Administrative Agent, a Liquidity Lender or any Affiliate of any of the foregoing or (ii) entered into after the Effective Date with a
counterparty that was, at the time such Hedging Contract was entered into, an Administrative Agent, a Liquidity Lender or any Affiliate of any of the foregoing (the Obligations described in this clause (c) being referred to herein as
“Hedging Obligations”), in each case whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising and however acquired and whether or not
evidenced by any note, guaranty or other instrument or for the payment of money, including all letter of credit and other fees (including, the Commitment Fees and the Fronting Fee), interest (including post-petition interest, whether or not allowed
in a bankruptcy proceeding), charges, expenses, attorneys’ fees and disbursements 

  
 -47- 

 
and other sums chargeable to any Borrower under this Agreement or any other Loan Document and all obligations of any Borrower under any Loan Document to provide cash collateral for Obligations in
respect of Letters of Credit; provided, however, that “Obligations” shall specifically exclude all Excluded Swap Obligations. 

“OFAC” means the Office of Foreign Assets Control of the U.S. Department of the Treasury. 

“Original Currency” has the meaning specified in Section 11.19(a). 

“Original Indebtedness” has the meaning given to
such term in the definition of “Refinancing Indebtedness”. 
 “Original Term Debt” has the meaning given to such term in the definition of “Term Refinancing Debt”. 
 “Other Borrower Obligations” has the meaning specified in
Section 11.23. 
 “Other Connection Taxes” means, with respect to any Lender or Issuer or any
Administrative Agent, Taxes imposed as a result of a present or former connection between such Lender or Issuer or any Administrative Agent and the jurisdiction imposing such Tax (other than connections arising from such Person 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 Currency” has the meaning specified in Section 11.19(a).

 “Other Documents” has the meaning set forth in Section 12.1. 

“Other Specified Permitted Sale/Leasebacks” means (a) any sale and leaseback transaction of CBI’s administrative
headquarters facility in The Woodlands, Texas and (b) any sale and leaseback transaction (other than in connection with clause (a)) of all or any portion of CBI’s other property, in each case on terms acceptable to each
Administrative Agent and only to the extent that the aggregate amount of Net Cash Proceeds from all such Other Specified Permitted Sale/Leasebacks is less than or equal to $150,000,000. 

“Other Taxes” has the meaning specified in Section 2.19(b). 

“Outside Date” has the meaning specified in Section 3.2. 

“Outstandings” means, at any particular time, the sum of the principal amount of the Loans outstanding at such time and the
Letter of Credit Obligations outstanding at such time. 
 “Parallel Debt” has the meaning specified in the Collateral
Agency and Intercreditor Agreement. 

  
 -48- 

 “Parent” has the meaning specified in the preamble to this Agreement. 

“Parent Registration Statement” means the Registration Statement on Form S-4 of the
Parent and Comet I B.V. filed with the SEC on January 24, 2018, together with all amendments and supplements thereto. 

“Parent’s Accountants” means the Parent’s accountants, which shall be Deloitte & Touche LLP
or another firm of independent nationally recognized public accountants. 
 “Participant” has the meaning specified in
Section 11.2(d). 
 “Participant Register” has the meaning specified in
Section 11.2(d). 
 “PBGC” means the Pension Benefit Guaranty Corporation or any successor
thereto. 
 “Performance Guarantee” of any Person means (a) any letter of credit, bankers acceptance, surety bond,
performance bond, bank guarantee or other similar obligation issued for the account of such Person to support only trade payables or nonfinancial performance obligations of such Person, (b) any letter of credit, bankers acceptance, surety bond,
performance bond, bank guarantee or other similar obligation issued for the account of such Person to support any letter of credit, bankers acceptance, surety bond, performance bond, bank guarantee or other similar obligation issued for the account
of a Subsidiary or joint venture of such Person to support only trade payables or non-financial performance obligations of such Subsidiary or joint venture, and (c) any parent company guarantee or other
direct or indirect liability, contingent or otherwise, of such Person with respect to trade payables or non-financial performance obligations of a Subsidiary or joint venture of such Person, if the purpose of
such Person in incurring such liability is to provide assurance to the obligee that such contractual obligation will be performed, or that any agreement relating thereto will be complied with. For the avoidance of doubt, each Lloyds Letter of Credit
is a Performance Guarantee. 
 “Performance Letter of Credit” means (a) a letter of credit issued to secure ordinary
course performance obligations in connection with marine installation, project engineering, procurement, construction, maintenance and other similar projects (including projects about to be commenced) or bids for prospective marine installation,
project engineering, procurement, construction, maintenance and other similar projects, (b) a letter of credit issued to back a bank guarantee, surety bond, performance bond or other similar obligations issued to support ordinary course
performance obligations in connection with marine installation, project engineering, procurement, construction, maintenance and other similar projects (including projects about to be commenced) or bids for prospective marine installation, project
engineering, procurement, construction, maintenance and other similar projects or (c) a letter of credit qualifying as a “performance-based standby letter of credit” under 12 CFR Part 3, Appendix A, Section 3(b)(2)(i) or any
successor U.S. Comptroller of the Currency regulation. 
 “Permit” means any permit, approval, authorization, license,
variance or permission required from a Governmental Authority under an applicable Requirement of Law. 

  
 -49- 

 “Permitted Acquisition” means an Acquisition permitted under
Section 8.3. 
 “Permitted
Term Refinancing Debt” means Term Refinancing Debt incurred to refinance or replace Original Term Debt from time to time, in whole or part, provided that: 

(a)    such Term Refinancing Debt does
not mature prior to the maturity date of, or have a shorter weighted average life than, or, with respect to notes, have mandatory prepayment provisions (other than related to customary asset sale, excess cash flow and Change of Control offers) that
could result in prepayments of such Term Refinancing Debt prior to, the Original Term Debt being refinanced or repaid in full;  

(b)    one or more Borrowers shall be
the borrower or issuer thereunder and there shall be no guarantors in respect of any Term Refinancing Debt that are not Guarantors;  

(c)    with respect to Term Refinancing
Debt secured by Liens on the Collateral (other than Term Refinancing Debt consisting of Obligations hereunder), such agreements or Liens will be subject to an Intercreditor Agreement;

 (d)    the covenants and
events of default applicable to the Term Refinancing Debt shall either be no more restrictive taken as a whole as determined in good faith by the Parent than the terms applicable to the Original Term Debt being refinanced or repaid or such terms and
conditions shall not apply until all then outstanding Term Loans are no longer outstanding (unless such more restrictive terms are also added for the benefit of the existing Term Facility); 

 (e)    the aggregate
principal amount of any Term Refinancing Debt shall not be greater than the aggregate principal amount of the Original Term Debt being refinanced or repaid plus any fees, premiums, original issue discount and accrued interest associated therewith,
and costs and expenses related thereto, and such Original Term Debt being refinanced or replaced will be permanently reduced substantially simultaneously with the issuance thereof; and

 (f)    the perfection and
priority of the security interests securing the Senior Credit Facilities will not be adversely affected in any material respect, as determined by the Collateral Agent in its reasonable
judgment. 
 “Person” means an individual, partnership,
corporation (including a business trust), joint stock company, estate, trust, limited liability company, unincorporated association, joint venture or other entity, or a Governmental Authority. 

“Pledge and Security Agreement” means the Pledge and Security Agreement dated as of the Effective Date executed by the
Parent, the Borrowers, each other Guarantor party thereto and the Collateral Agent. 
 “Pledged Notes” has the meaning
specified in the Pledge and Security Agreement. 
 “Pledged Stock” has the meaning specified in the Pledge and Security
Agreement. 

  
 -50- 

 “Prime Rate” means the rate of interest last quoted by The Wall Street
Journal as the “Prime Rate” in the United States or, if The Wall Street Journal ceases to quote such rate, the highest rate per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519)
(Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Applicable Administrative Agent) or any similar release by the Federal Reserve
Board (as determined by the Applicable Administrative Agent). 

“Priming Administrative
Agent” has
 the meaning set forth in the Priming Credit Agreement. 

“Priming Collateral
Agent” has
 the meaning set forth in the Priming Credit Agreement. 

“Priming Credit
Agreement” means
 that certain Superpriority Senior Secured Credit Agreement, dated as of Amendment No. 1 Effective Date, among the
Borrower, the Parent, the other Loan Parties, the Priming Administrative Agent, and the Priming Collateral Agent.
 

“Priming Credit Agreement
Obligations” means
 the
“Obligations
” under
 and as defined in the Priming Credit Agreement. 

“Priming Loan
Documents” means
 the
“Loan
 Documents” under
 and as defined in the Priming Credit Agreement. 
 “Projections” means those financial projections of the
Parent and its Subsidiaries delivered to each Administrative Agent by the Parent covering the Fiscal Years 2017 through 2022. 

“Pro Forma Financials” means a customary pro forma balance sheet and customary pro forma statements of income of the Parent
giving effect to the acquisition of CBI, in each case meeting the requirements of Regulation S-X for a Form S-3 registration statement (other than Rules 3-9, 3-10 and 3-16 of Regulation S-X and other customary exceptions for a Rule 144A offering).

 “Public-Side Lenders” means Lenders that do not wish to receive MNPI. 

“Purchasing LC Lender” has the meaning specified in Section 11.7(a)(i)(C). 

“Purchasing Lender” has the meaning specified in Section 11.7(a)(i)(C). 

“Purchasing Revolving Lender” has the meaning specified in Section 11.7(a)(i)(B).

 “Purchasing Term Lender” has the meaning specified in Section 11.7(a)(i)(A).

 “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. 

  
 -51- 

 “Ratable Portion” or “ratably” means, subject to adjustment as provided in
Section 2.15(f), Section 2.16(e) and Section 2.23(a)(iv): 

(a)    for purposes of Section 10.5, with respect to any Lender at any time, the percentage
obtained by dividing (x) the sum of (i) the LC Facility Commitment of such Lender at such time plus (ii) the Revolving Commitment of such Lender at such time plus (iii) the principal amount of such Lender’s
Term Exposure at such time by (y) the sum of (i) the aggregate Liquidity Commitments of all Lenders at such time plus (ii) the aggregate Term Exposure of all Lenders at such time; provided that if such LC Facility
Commitments or Revolving Commitments have been terminated, then the Ratable Portion of such Lender shall be determined based on the Ratable Portions of the LC Facility Commitments and Revolving Commitments of such Lender, and of all other Lenders,
immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms hereof; 

(b)    except as provided in clause (a) above, with respect to the Revolving Commitments or Revolving
Obligations of any Revolving Lender or Swing Loans or Swing Loan Obligations at any time, the percentage obtained by dividing (i) the Revolving Commitments of such Revolving Lender at such time by (ii) the aggregate Revolving Commitments
of all Revolving Lenders at such time; provided that if the Revolving Commitments have been terminated, then the Ratable Portion of such Revolving Lender shall be determined based on the Ratable Portions of such Revolving Lender, and of all
other Revolving Lenders, immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms hereof; 

(c)    except as provided in clause (a) above, with respect to the LC Facility Commitments or LC Facility
Obligations of any LC Lender at any time, the percentage obtained by dividing (i) the LC Facility Commitments of such LC Lender at such time by (ii) the aggregate LC Facility Commitments of all LC Lenders at such time; provided that
if the LC Facility Commitments have been terminated, then the Ratable Portion of such LC Lender shall be determined based on the Ratable Portions of such LC Lender, and of all other LC Lenders, immediately prior to such termination and after giving
effect to any subsequent assignments made pursuant to the terms hereof; and 
 (d)    except as provided in clause
(a) above, with respect to the Term Commitments or the Term Loans of any Term Lender at any time, the percentage obtained by dividing (i) the Term Exposure of such Term Lender at such time by (ii) the Term Exposure of all Term
Lenders at such time. 
 “Real Property” means all Mortgaged Property and all other real property owned or leased from time
to time by any Loan Party or any of its Restricted Subsidiaries. 
 “Refinancing Indebtedness” means, in respect of any
Indebtedness (the “Original Indebtedness”), any Indebtedness that extends, renews or refinances such Original Indebtedness (or any Refinancing Indebtedness in respect thereof); provided that (a) the principal amount of
such Refinancing Indebtedness shall not exceed the principal amount of such Original Indebtedness except by an amount not greater than accrued and unpaid 

  
 -52- 

 
interest, fees and premiums (if any) with respect to such Original Indebtedness and reasonable fees and expenses arising from such extension, renewal or refinancing; (b) the stated final
maturity of such Refinancing Indebtedness shall not be earlier, and the weighted average life to maturity of such Refinancing Indebtedness shall not be shorter, than that of such Original Indebtedness; (c) such Refinancing Indebtedness shall
not be required to be repaid, prepaid, redeemed, repurchased or defeased, whether on one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof (except, in each case, upon the occurrence of an event of
default, customary asset sale prepayments, excess cash flow prepayments or a change in control or as and to the extent such repayment, prepayment, redemption, repurchase or defeasance would have been required pursuant to the terms of such Original
Indebtedness) prior to the earlier of (i) the maturity of such Original Indebtedness and (ii) the date 91 days after the Scheduled Term Maturity Date; provided that notwithstanding the foregoing, scheduled amortization payments
(however denominated) of such Refinancing Indebtedness shall be permitted so long as the weighted average life to maturity of such Refinancing Indebtedness shall be longer than the weighted average life to maturity of such Original Indebtedness
remaining as of the date of such extension, renewal or refinancing; (d) the borrower or issuer, as applicable, of such Original Indebtedness shall be the borrower or issuer, as applicable, of such Refinancing Indebtedness and none of the
Parent, any Borrower or any Subsidiary shall be an obligor (including pursuant to a Guaranty Obligation) if the Parent, such Borrower or Subsidiary was not (or, in the case of after-acquired Subsidiaries, were not required to become) an obligor in
respect of such Original Indebtedness, and, in each case, such Refinancing Indebtedness shall constitute an obligation of such Subsidiary or of the Borrowers only to the extent of their obligations in respect of such Original Indebtedness;
(e) if such Original Indebtedness shall have been subordinated to the Obligations, such Refinancing Indebtedness shall also be subordinated to the Obligations on terms not less favorable in any material respect to the Lenders; and (f) such
Refinancing Indebtedness shall not be secured by any Lien on any asset other than the assets that secured such Original Indebtedness (or that would have been required to secure such Original Indebtedness pursuant to the terms thereof) or, in the
event Liens securing such Original Indebtedness shall have been contractually subordinated to any Lien securing the Obligations, by any Lien that shall not have been contractually subordinated on terms not less favorable in any material respect to
the Lenders.  

“Refinancing Senior Notes
Indebtedness” means,
 in respect of any Senior Notes, any Indebtedness that extends, renews or refinances such Senior Notes (or any Refinancing Senior Notes Indebtedness in respect thereof); provided that (a) the principal amount of such Refinancing Senior Notes Indebtedness shall not exceed the principal amount of such Senior Notes except by
an amount not greater than accrued and unpaid interest, fees and premiums (if any) with respect to such Senior Notes and reasonable fees, expenses and premiums (if any) arising from such extension, renewal or refinancing;
(b) the stated final maturity of such Refinancing Senior Notes Indebtedness shall not be earlier, and the
weighted average life to maturity of such Refinancing Senior Notes Indebtedness shall not be shorter, than that of such Senior Notes;
(c) such Refinancing Senior Notes Indebtedness shall not be required to be repaid, prepaid, redeemed,
repurchased or defeased, whether on one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof  

  
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(except, in each case, upon the occurrence of an event of default, customary
asset sale prepayments, excess cash flow prepayments or a change in control or as and to the extent such repayment, prepayment, redemption, repurchase or defeasance would have been required pursuant to the terms of such Senior Notes) prior to the
earlier of (i) the maturity of such Senior Notes and (ii) the date 91 days after the Scheduled Term Maturity Date; provided that notwithstanding the foregoing, scheduled amortization payments
(however denominated) of such Refinancing Senior Notes Indebtedness shall be permitted so long as the weighted average life to maturity of such
Refinancing Senior Notes Indebtedness shall be longer than the weighted average life to maturity of such Senior Notes
remaining as of the date of such extension, renewal or refinancing; (d) the borrower or issuer, as applicable, of such
Senior Notes shall be the borrower or issuer, as applicable, of such Refinancing Senior Notes Indebtedness and none of the Parent, any Borrower or any Subsidiary shall be an obligor (including pursuant to a Guaranty Obligation) if the Parent, such
Borrower or Subsidiary was not (or, in the case of after-acquired Subsidiaries, were not required to become) an obligor in respect of such Senior Notes, and, in each case, such Refinancing Senior Notes Indebtedness shall constitute an obligation of
such Subsidiary or of the Borrowers only to the extent of their obligations in respect of such Senior Notes; (e) if
such Senior Notes shall have been subordinated to the Obligations, such Refinancing Senior Notes Indebtedness shall also be subordinated to the Obligations on terms not less favorable in any material respect to the Lenders; and (f) such Refinancing Senior Notes Indebtedness shall not be secured by any Lien on any asset other than the Collateral on a junior priority
basis with the Senior Credit Facilities subject to a Junior Intercreditor Agreement. 
 “Regulation S-X” means Regulation S-X under the Securities Act of 1933. 

“Regulation T” means Regulation T of the Board of Governors of the Federal Reserve System as from time to time in effect and
any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by and to brokers and dealers of securities for the purpose of purchasing or carrying margin stock (as defined therein). 

“Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System as from time to time in effect and
any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by banks, non-banks and non-broker lenders
for the purpose of purchasing or carrying margin stock applicable to member banks of the Federal Reserve System. 
 “Regulation
X” means Regulation X of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by
foreign lenders for the purpose of purchasing or carrying margin stock (as defined therein). 
 “Reimbursement Obligations”
means all outstanding matured reimbursement or repayment obligations payable to any Issuer with respect to amounts drawn under Letters of Credit. 

  
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 “Related Obligations” has the meaning specified in
Section 10.8. 
 “Related Parties” means, with respect to any Person, such Person’s
Affiliates and the partners, directors, officers, employees, agents, representatives, attorneys, consultants, advisors and trustees of such Person and of such Person’s Affiliates. 

“Release” means, with respect to any Person, any release, spill, emission, leaking, pumping, injection, deposit, disposal,
discharge, dispersal, leaching or migration, in each case, of any Contaminant into the indoor or outdoor environment or into or out of any property owned by such Person, including the movement of Contaminants through or in the air, soil, surface
water, ground water or property and, in each case, in violation of Environmental Law. 
 “Remedial Action” means all
actions required by any applicable Environmental Law to (a) clean up, remove, treat or in any other way address any Contaminant in the indoor or outdoor environment, (b) prevent the Release or threat of Release or minimize the further
Release so that a Contaminant does not migrate or endanger or threaten to endanger public health or welfare or the indoor or outdoor environment or (c) perform pre-remedial studies and investigations and post-remedial monitoring and care. 
 “Repricing Event” means (i) any prepayment or
repayment of Term Loans under the Term Facility with the proceeds of, or any conversion of such Term Loans into, any new debt financing or any replacement debt financing, in either case, bearing interest at an “effective” Interest Rate
less than the effective Interest Rate applicable to the Term Loans under the Term Facility (as such comparative rates are determined by the Term Loan Administrative Agent consistent with GAAP and, in any event, excluding any arrangement, syndication
and commitment fees in connection therewith that are not shared generally with the Lenders) and (ii) any amendment to the Term Facility that, directly or indirectly, reduces the effective Interest Rate applicable to the Term Loans under the
Term Facility (in each case, with original issue discount and upfront fees, which shall be deemed to constitute like amounts of original issue discount, being equated to interest margins in a manner consistent with generally accepted financial
practice based on an assumed four-year life to maturity), including any mandatory assignment in connection therewith with respect to each Term Lender under the applicable Term Facility that refuses to consent to such amendment; provided that
“Repricing Event” will not include any prepayment, repayment, amendment or refinancing in connection with a Change of Control or a Transformative Acquisition. 

“Requirement of Law” means, with respect to any Person, the common law and all federal, state, local and foreign laws, rules
and regulations, orders, judgments, decrees and other determinations of any Governmental Authority or arbitrator, applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject, including,
without limitation, foreign exchange control, United States foreign assets control, and currency reporting laws and regulations, now or hereafter applicable, and all licensing and other formalities, necessary for the import, export and transport of
any property, including, without limitation, those required by the regulations of the Export Administration of the Bureau of Industry and Security. 

  
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 “Requisite LC Lenders” means, at any time, LC Lenders having LC Facility
Exposure and unused LC Facility Commitments representing at least a majority of the sum of all LC Facility Exposure outstanding and unused LC Facility Commitments at such time; provided that the LC Facility Commitments and LC Facility
Exposure of any Defaulting Lender shall be excluded for purposes of making a determination of Requisite LC Lenders. 
 “Requisite
Lenders” means at any time, Lenders having Exposure and unused Commitments representing at least a majority of the sum of all Exposure outstanding and unused Commitments at such time; provided that the Commitments and Exposure of any
Defaulting Lender shall be excluded for purposes of making a determination of Requisite Lenders. 
 “Requisite Liquidity
Lenders” means, at any time, Liquidity Lenders having Liquidity Exposure and unused Liquidity Commitments representing at least a majority of the sum of all Liquidity Exposure outstanding and unused Liquidity Commitments at such time;
provided that the Liquidity Commitments and Liquidity Exposure of any Defaulting Lender shall be excluded for purposes of making a determination of Requisite Liquidity Lenders. 

“Requisite Revolving Lenders” means, at any time, Lenders having Revolving Exposure and unused Revolving Commitments
representing at least a majority of the sum of all Revolving Exposure outstanding and unused Revolving Commitments at such time; provided that the Revolving Commitments and Revolving Exposure of any Defaulting Lender shall be excluded for
purposes of making a determination of Requisite Revolving Lenders. 
 “Requisite Term Lenders” means, at any time, Lenders
having Term Exposure representing at least a majority of the sum of the Term Exposure of all Lenders at such time. 
 “Responsible
Officer” means, with respect to any Person, any of the principal executive officers, managing members, managing directors or general partners of such Person but, in any event, with respect to financial matters, the chief financial officer,
treasurer, assistant treasurer or controller of such Person. 
 “Restricted Payment” means: 

(a)    any
dividend, interest or any other distribution or payment (exclusive of any interest paid in kind on preferred stock outstanding on the date hereof), whether direct or indirect, on
account of any Stock or Stock Equivalents of the Parent or any of its Restricted Subsidiaries now or hereafter outstanding, except a
dividend, interest or any other distribution or payment payable solely in Stock or Stock Equivalents (other than
Disqualified Stock) or a dividend or distribution payable solely to the Borrowers or one or more of the other Subsidiary Guarantors; 

(b)    any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or
indirect, of any Stock or Stock Equivalents of the Parent or any of its Restricted Subsidiaries now or hereafter outstanding other than one payable solely to the Borrowers or one or more of the other Subsidiary Guarantors; and 

  
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 (c)    any Investment. 

“Restricted Subsidiary” means a Subsidiary that is not an Unrestricted Subsidiary. For the avoidance of doubt, the Borrowers
shall at all times be Restricted Subsidiaries. Except where context requires otherwise, a reference to a “Restricted Subsidiary” shall be a reference to a Restricted Subsidiary of the Parent. 

“Retained Excess Cash Flow” means, at any date of
determination, an amount equal to (a) the sum of the amounts of Consolidated Excess Cash Flow for all relevant Fiscal Year periods ending on or prior to the date of determination, minus (b) the portion of such Consolidated Excess
Cash Flow that has been applied to repay the Term Loans and cash collateralize outstanding Revolving Letters of Credit and LC Facility Letters of Credit pursuant to Section 2.12(d).

 “Revolver Cash Collateral Account” means any blocked cash collateral account pledged by any Borrower to the
Collateral Agent for the benefit of the Revolving Issuers and the Revolving Lenders containing cash deposited pursuant to Section 2.7(b), 2.22, or 9.3 to be maintained at the Collateral Agent’s office.

 “Revolving and LC Administrative Agent” has the meaning specified in the preamble to this Agreement. 

“Revolving and LC Register” has the meaning specified in Section 11.2(c)(i). 

“Revolving Borrowing” means a Borrowing consisting of a Revolving Loan. 

“Revolving Commitment” means, with respect to each Revolving Lender, the commitment of such Revolving Lender to make
Revolving Loans and participate in Revolving Letters of Credit and Swing Loans in the aggregate principal amount outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule I or in the Assignment and Acceptance
or Increase and Joinder Agreement, as applicable, pursuant to which such Lender becomes a party hereto, as such amount may be adjusted from time to time pursuant to this Agreement. “Revolving Commitments” means the aggregate of such
commitments for all Lenders, and the aggregate amount of the Revolving Commitments on the Effective Date is $1,000,000,000.00. 

“Revolving Commitment Fee” has the meaning specified in Section 2.15(a). 

“Revolving Exposure” means, with respect to any Revolving Lender, at any time, the sum of (a) the aggregate principal
amount of Revolving Loans held by such Revolving Lender at such time, plus (b) the participation in Swing Loans held by such Revolving Lender, plus (c) such Revolving Lender’s Ratable Portion of the Revolving Letter of
Credit Obligations at such time. 

  
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 “Revolving Facility” means the senior secured revolving credit facility
evidenced by this Agreement and described in Section 2.1(b). 
 “Revolving Financial Letter of Credit
Sublimit” means $200,000,000.00. 
 “Revolving Financial Letter of Credit” means a Revolving Letter of Credit
other than a Revolving Performance Letter of Credit. 
 “Revolving Issuer” means each Revolving Lender or Affiliate of a
Revolving Lender that (a) is listed on Schedule II(A), (b) hereafter becomes an Revolving Issuer with the approval of the Revolving and LC Administrative Agent and the Borrowers and that has executed an agreement with and in form and
substance satisfactory to the Revolving and LC Administrative Agent and the Borrowers to be bound by the terms hereof applicable to Revolving Issuers, or (c) solely on or after the Effective Date and with respect to Existing Revolving Letters
of Credit, is an issuer of an Existing Revolving Letter of Credit. 
 “Revolving Lender” means each financial institution
or other entity that (a) is listed on the signature pages of the Agreement as a “Revolving Lender” or (b) from time to time becomes a party hereto as a Revolving Lender by execution of an Assignment and Acceptance or an Increase
and Joinder Agreement. 
 “Revolving Letter of Credit” means each letter of credit issued pursuant to
Section 2.4 and shall include, on or after the Effective Date, the Existing Revolving Letters of Credit. 

“Revolving Letter of Credit Issuer Commitment” means (a) the amount set forth on the attached Schedule II(A) for
each Revolving Issuer or (b) such other amount as any Revolving Issuer and the Borrowers may agree in a writing delivered to the Revolving and LC Administrative Agent. 

“Revolving Letter of Credit Obligations” means, at any time, without duplication, the aggregate amount equal to the sum of
(a) the Revolving Reimbursement Obligations at such time (or, for any Revolving Reimbursement Obligations in any Alternative Currency, the Dollar Equivalent thereof at such time) and (b) the Revolving Letter of Credit Undrawn Amounts at
such time. 
 “Revolving Letter of Credit Undrawn Amounts” means, at any time, the aggregate undrawn amount of all
Revolving Letters of Credit outstanding at such time (or, for any Revolving Letter of Credit denominated in an Alternative Currency, the Dollar Equivalent thereof at such time). 

“Revolving Loan” has the meaning specified in Section 2.1(b). 

“Revolving Maturity Date” means the fifth anniversary of the Effective Date. 

“Revolving Obligations” means, at any time, without duplication, the aggregate amount of all liabilities at such time payable
to all Revolving Issuers and Revolving 

  
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Lenders with respect to Revolving Letters of Credit and Revolving Loans, whether or not any such liability is contingent, including the Revolving Letter of Credit Obligations. 

“Revolving Outstandings” means, at any particular time, the sum of the principal amount of the Revolving Loans outstanding at
such time, the Revolving Letter of Credit Obligations outstanding at such time and the principal amount of Swing Loans outstanding at such time. 

“Revolving Performance Letter of Credit” means a Revolving Letter of Credit that is a Performance Letter of Credit. 

“Revolving Reimbursement Obligations” means, all outstanding matured reimbursement or repayment obligations payable to any
Revolving Issuer with respect to amounts drawn under Revolving Letters of Credit. 
 “Revolving Termination Date” means the
earliest of (a) the Revolving Maturity Date, (b) the date of termination of all the Revolving Commitments pursuant to Section 2.8 or Section 9.2 and (c) the date on which all
Revolving Letter of Credit Obligations become due and payable pursuant to Section 9.2. 

“S&P” means S&P Global Ratings, a division of S&P Global, Inc., and its successors. 

“Sanctioned Country” means, at any time, a country or territory which is, or whose government is, the subject or target of
any Sanctions. 
 “Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of
designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, any EU member state, the United Kingdom or Canada, (b) any Person operating, organized or resident in a Sanctioned
Country or (c) any Person controlled by any such Person. 
 “Sanctions” means economic or financial sanctions or trade
embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, Her
Majesty’s Treasury of the United Kingdom or Global Affairs Canada. 
 “Scheduled Term Maturity Date” means the seventh
anniversary of the Effective Date. 
 “SEC” means the U.S. Securities and Exchange Commission. 

“Secured Leverage Ratio” means, as of any date of determination, the ratio of (a) (i) Leverage Ratio Debt as of such day
secured by a Lien on property of the Parent or any of its Restricted Subsidiaries, minus (ii) the Segregated Cash Amount to (b) EBITDA for the most recently ended four Fiscal Quarter period for which financial statements have been
delivered pursuant to Section 6.1(a) or (b). 

  
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 “Secured Parties” means the Lenders, the Issuers, each Agent and any other
holder of any Obligation. 
 “Security” means any Stock, Stock Equivalent, voting trust certificate, bond, debenture,
promissory note or other evidence of Indebtedness, whether secured, unsecured, convertible or subordinated, or any certificate of interest, share or participation in, or any temporary or interim certificate for the purchase or acquisition of, or any
right to subscribe to, purchase or acquire, any of the foregoing, but shall not include any evidence of the Obligations. 

“Security Principles” means (A) no actions shall be required under the law of any
non-U.S. jurisdiction in order to create or perfect any security interest other than (x) in respect of Mortgaged Vessels, (y) actions required under the laws of Australia, Canada, Cayman Islands,
Curacao, Jersey, Leichtenstein, Panama, the Netherlands, Norway and the United Kingdom and (z) actions
reasonably requested by the Collateral Agent in any other jurisdiction taking into account (1) the materiality of the relevant Collateral, (2) the cost thereof and (3) the benefits to the Lenders afforded thereby and (B) no Lien
by any Person organized outside of the United States shall be made that would result in any breach of any law or regulation (or analogous restriction) of the jurisdiction of organization of such Person or result in a substantial risk to the officers
or directors of such Person of a civil or criminal liability; provided that if any actions are not taken in respect of Collateral solely as a result of this sub-clause (B), the Parent shall, at the
reasonable request of the Collateral Agent, diligently pursue any relevant governmental or third party consents or other authority to permit such subsidiary to create or perfect a security interest in such Collateral or to mitigate such risk of
liability. 
 “Segregated Cash Amount” means the least of (a) the amount of funds on deposit in the Cash Secured LC
Cash Collateral Account, (b) the aggregate principal amount of Term Loans outstanding at such time and (c) the Specified Term Loan Amount. 

“Selling LC Lender” has the meaning specified in Section 11.7(a)(i)(C). 

“Selling Lenders” has the meaning specified in Section 11.7(a)(i)(C). 

“Selling Revolving Lender” has the meaning specified in Section 11.7(a)(i)(B). 

“Selling Term Lender” has the meaning specified in Section 11.7(a)(i)(A). 

“Senior Credit Facilities” means, collectively, the Term Facility, the Revolving Facility and the LC Facility. 

“Senior
Intercreditor Agreement”
means that certain Senior Intercreditor Agreement dated as of the Amendment No. 1 Effective
Date by and among the Borrowers, the Parent, the other “Grantors”

party thereto from time to time, the Priming Administrative Agent, the Priming Collateral Agent, the Revolving and LC
Administrative Agent, the Collateral Agent, the Term Loan Administrative Agent and the other financial institutions from time to time party thereto. 

  
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“
Senior Notes” means the Notes Issuer’s debt securities due 2024 issued on or prior to the Effective Date pursuant to a Rule 144A offering or other private placement in an aggregate principal
amount of $1,300,000,000.00. 
 “Solvent” means, as of any date of determination, with respect to any Person: 

(a)    the fair value of the property of the Person and its Subsidiaries, on a consolidated basis, is greater than the
total amount of the liabilities, including contingent liabilities, of the Person and its Subsidiaries on a consolidated basis. In computing the amount of any contingent liabilities on such date, such liabilities shall have been computed at the
amount that, in light of all of the facts and circumstances existing on such date, represents the amount that can be reasonably expected to become an actual or matured liability; 

(b)    the present fair saleable value of the assets of the Person and its Subsidiaries, on a consolidated basis, is not
less than the amount that will be required to pay the probable liability of the Person and its Subsidiaries, on a consolidated basis, on their debts as they become absolute and matured; 

(c)    the Person and its Subsidiaries, on a consolidated basis, do not intend to incur debts or liabilities beyond their
ability to pay such debts and liabilities as they mature in the ordinary course of business; 
 (d)    the Person and
its Subsidiaries, on a consolidated basis, are not engaged in business or a transaction for which their property would constitute an unreasonably small capital; and 

(e)    the Person and its Subsidiaries, on a consolidated basis, are able to pay their debts and liabilities, Contingent
Obligations and other commitments as they mature in the ordinary course of business. In computing the amount of any contingent liabilities on such date, such liabilities shall have been computed at the amount that, in light of all of the facts and
circumstances existing on such date, represents the amount that can be reasonably expected to become an actual or matured liability. 

“Special Purpose Vehicle” means any special purpose funding vehicle identified as such in writing by any Lender to each
Administrative Agent and controlled by that Lender. 
 “Specified Asset Sale” means (a) any Asset Sale made in
reliance on clause (g), (h), (i), or (j), or (q) of Section 8.4, (b) any sale by the Parent or any of its Restricted Subsidiaries of
any equity interests in any Restricted Subsidiary and (c) any issuance of Stock or Stock Equivalents by any Restricted Subsidiary, in each case of the foregoing clauses (a) through (c), resulting in aggregate Net Cash
Proceeds exceeding
$25,000,000.005,000,000.00
 during any Fiscal Year. The term “Specified Asset Sale” shall not include any Insurance/Condemnation Event. 

“Specified Asset Sale Adjusted Term Loan Amount” means, at any date of determination, (x) the amount of Term Loans then
outstanding less (y) the sum of (i) the Specified Term Loan Amount less (ii) the aggregate amount of prepayments made pursuant 

  
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to Section 2.8(b) and Section 2.12(j) made on or prior to the date of determination less (iii) the product of (A) $775,000.00 and
(B) the number of repayments made pursuant to Section 2.9(a) on or prior to the date of determination; provided that if clause (y) is equal to or greater than clause (x), clause
(y) shall be deemed to be zero. 
 “Specified Business Combination Agreement Representations” means the
representations and warranties made by or with respect to CBI in the Business Combination Agreement that are material to the interests of the Lenders, in their capacities as such, but only to the extent that the Parent (or its Affiliates) have the
right (after giving effect to any applicable notice and cure provisions) to terminate its (or their) obligations under the Business Combination Agreement or to decline to consummate the Business Combination Transactions (in each case, in accordance
with the terms of the Business Combination Agreement) as a result of a breach of such representation or warranty. 

“Specified Representations” means the representations and warranties set forth in Sections 4.1(a),
(b), (c) and (d), 4.2(a)(i), (ii), (iii)(A) and (iii)(C) (but only as it relates to agreements governing material Indebtedness), 4.2(b), 4.6, 4.10, 4.12 (but only as it
relates to the Investment Company Act of 1940, as amended), 4.13(d), 4.23 (but only as it relates to creation and perfection of the security interests in the Collateral required to be granted as a condition to the Effective Date
pursuant to Section 3.2) and 4.25. 
 “Specified Cash Secured Letter of Credit Commitment”
means, with respect to each Cash Secured LC Issuer, (a) in the case of each Cash Secured LC Issuer that is a Cash Secured LC Issuer on the date hereof, the percentage of the Cash Secured Letter of Credit Issuer Commitment set forth opposite
such Cash Secured LC Issuer’s name on Schedule II(C) and (b) in the case of any other Cash Secured LC Issuer, the Cash Secured Letter of Credit Issuer Commitment specified in the instrument pursuant to which such Person becomes a
Cash Secured LC Issuer or (c) such other amount as any Cash Secured LC Issuer and the Borrowers may agree in a writing delivered to the Revolving and LC Administrative Agent. 

“Specified Term Loan Amount” means $310,000,000.00. 

“Springing Term Maturity Date” means the date that is six months prior to the scheduled maturity date of the Senior Notes.

 “Stock” means shares of capital stock (whether denominated as common stock or preferred stock), partnership or
membership interests, equity participations or other equivalents (regardless of how designated) of or in a corporation, partnership, limited liability company or similar business entity, whether voting or
non-voting. 
 “Stock Equivalents” means all securities convertible into or
exchangeable for Stock and all warrants, options or other rights to purchase or subscribe for any Stock, whether or not presently convertible, exchangeable or exercisable. 

“Subsidiary” means, with respect to any Person, 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 

  
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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 and in relation to a person incorporated (or established) in the Netherlands, a “dochtermaatschappij” within the meaning of
section 2:24a DCC (regardless whether the shares or voting rights on the shares in such company are held directly or indirectly through another “dochtermaatschappij”). Unless otherwise specified, all references herein to a
“Subsidiary”, “Restricted Subsidiary”, “Restricted Subsidiaries” or “Subsidiaries” shall refer to a Subsidiary, Restricted Subsidiary, Restricted Subsidiaries or Subsidiaries of the Parent. 

“Subsidiary Guarantor” means each Guarantor other than the Parent. As of the Effective Date, each Person listed on
Schedule V hereto is a Subsidiary Guarantor. 
 “Swap Obligation” means, with respect to any Subsidiary 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. 

“Swing Loan” has the meaning specified in Section 2.3. 

“Swing Loan Lender” means CA CIB or any other Lender that becomes the Revolving and LC Administrative Agent or agrees, with
the approval of the Revolving and LC Administrative Agent and the Borrowers, to act as Swing Loan Lender hereunder. 
 “Swing Loan
Request” has the meaning specified in Section 2.3(b). 
 “Syndication Agents” means each
of Barclays Bank PLC and Crédit Agricole Corporate and Investment Bank, in its capacity as syndication agent for the credit facility evidenced by this Agreement. 

“Tax Affiliate” means, with respect to any Person, (a) any Subsidiary of such Person, and (b) any Affiliate of such
Person with which such Person files or is eligible to file affiliated, consolidated, combined, unitary or other similar Tax Returns. 

“Tax Return” has the meaning specified in Section 4.8. 

“Taxes” has the meaning specified in Section 2.19(a). 

“Technology
Business” means, collectively, (a) the technology business segment operated by the Parent and its Subsidiaries which provides proprietary technology licenses, associated engineering services, proprietary equipment and catalysts, primarily for
the petrochemical and refining industries, and (b) the engineered products business segment operated by the Parent and its Subsidiaries which provides engineered products for the oil and gas, petrochemical, power generation, water and wastewater,
mining and mineral processing industries, and excluding, for the avoidance of doubt, (i) the Lummus Consultants business, (ii) the minority ownership interest in Net Power LLC owned by Lummus Technology LLC and (iii)
know-how and intellectual property of the Parent and its Subsidiaries,  

  
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including its patents, designs, digital infrastructure and service techniques,
in each case not primarily used in the ordinary course of the business segments described in (a) and (b), which have been transferred to Lummus Technology and its affiliates pursuant to the Transfer of Proprietary Rights Agreement dated May 10,
2018 between Lummus Technology LLC and J. Ray Holdings Inc., the Transfer of Propriety Rights Agreement dated May 10, 2018 between McDermott Technology (Americas), Inc., McDermott Technology (US), Inc. and Chicago Bridge & Iron Company
and the Transfer of Propriety Rights Agreement dated May 10, 2018 between Lummus Technology LLC, McDermott Technology (Americas), Inc. and McDermott Technology (US), Inc., and otherwise. 

“Term Borrowing” means a Borrowing consisting of a Term Loan. 

“Term Commitment” means, with respect to each Term Lender, the commitment of such Term Lender to make Term Loans to the
Borrowers in the aggregate principal amount outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule IV, as such amount may be adjusted from to time pursuant to this Agreement (including any New Term
Commitment pursuant to Section 2.24(a)). “Term Commitments” means the aggregate of such commitments for all Term Lenders, and the aggregate amount of the Term Commitments on the Effective Date is
$2,260,000,000.00. 
 “Term Exposure” means, with respect to any Term Lender, at any time, (a) prior to the making of
Term Loans hereunder, the Term Commitment of such Term Lender at such time and (b) after the making of Term Loans hereunder, the aggregate principal amount of the outstanding Term Loans held by such Term Lender at such time. 

“Term Facility” means the term loan facility evidenced by this Agreement described in
Section 2.1(a). 
 “Term Lenders” means Lenders having a Term Commitment or if the Term
Commitments have terminated, Lenders that are owed Term Loans. 
 “Term Loan” means each term loan made pursuant to
Section 2.1(a) or Section 2.24(a) under the Term Commitments. 
 “Term Loan
Administrative Agent” has the meaning specified in the preamble to this Agreement. 
 “Term Maturity Date” means
the earliest of (a) the Scheduled Term Maturity Date and (b) the date on which all Term Loans and interest thereon become due and payable pursuant to Section 9.2; provided that if on the Springing Term
Maturity Date (x) the Secured Leverage Ratio is greater than or equal to 1.00:1.00 and (y) the
aggregate outstanding principal amount of the Senior Notes (or any Refinancing Senior Notes Indebtedness in respect
thereof that matures prior to the date that is six-months after the Scheduled Term Maturity Date) is greater than
$350,000,000.00,100,000,000.00,
 the Term Maturity Date shall be the Springing Term Maturity Date. 

  
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 “Term
Refinancing Debt” means, in respect of Indebtedness under the Term Facility (the “Original Term Debt”), any Indebtedness under one or more new term facilities or with one or more additional series of senior unsecured notes or term
loans or senior secured notes or term loans that will be secured by the Collateral on a pari passu basis with the Senior Credit Facilities or secured notes or term loans that are junior in right of security in the Collateral, in any case
that extends, renews or refinances such Indebtedness (or any Term Refinancing Debt in respect thereof). 

“Term Register” has the meaning specified in Section 11.2(c)(ii). 

“Title IV Plan” means a pension plan, other than a Multiemployer Plan, covered by Title IV of ERISA and to which the Parent,
any of its Subsidiaries, any Guarantor or any ERISA Affiliate has any obligation or liability (contingent or otherwise). 
 “Total
Assets” means, on any date of determination, the consolidated total assets of the Parent and its Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP, as shown on the most recent balance sheet of the
Parent. 

“Tranche B Funding
Date” has the meaning set forth in the Priming Credit Agreement on the Amendment No. 1 Effective Date.  

“Transactions” means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a
party, the creation of the Liens provided for in the Collateral Documents and, in the case of the Borrowers, the borrowing of Loans, the use of the proceeds thereof, the issuance of Letters of Credit hereunder and the Business Combination. 

“Transformative Acquisition” means any Acquisition by the Parent or any Restricted Subsidiary that is either (a) not
permitted by the terms of the Loan Documents immediately prior to the consummation of such Acquisition or (b) if permitted by the terms of the Loan Documents immediately prior to the consummation of such Acquisition, would not allow the Parent
and its Restricted Subsidiaries to comply with the terms of the Loan Documents following such consummation, as determined by the Parent acting in good faith. 

“Treasury Management Arrangement” means any arrangement for credit card, cash management, clearing house, wire transfer,
depository, treasury or investment services in connection with any transfer or disbursement of funds through an automated clearinghouse or on a same day or immediate or accelerated availability basis (including all monetary obligations, including
fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise of the Parent or any of its Subsidiaries arising out of any cash management, clearing house, wire transfer, depository, treasury or investment
services) provided to the Parent or any of its Subsidiaries. The designation of any such arrangement as a Treasury Management Arrangement shall not create in favor of the counterparty that is a party thereto any rights in connection with the
management, enforcement or release of any Collateral. 

  
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 “Treasury Management Obligations” has the meaning given to such term in the
definition of “Obligations”. 
 “Treasury Regulations” means the final and temporary income Tax regulations
promulgated under the Code, as such regulations may be amended from time to time (including corresponding provisions of succeeding regulations). 

“Type” when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Eurodollar Rate or the Base Rate. 
 “UCC” means the Uniform
Commercial Code as the same may, from time to time, be in effect in the State of New York; provided, however, in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of the
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, the term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction
for purposes of the provisions hereof relating to such attachment, perfection or priority and for purposes of definitions related to such provisions. 

“Undisclosed Administration” means, in relation to a Lender or its direct or indirect parent company, the appointment of an
administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator under or based on the law in the country where such Lender or such parent company is subject to home
jurisdiction supervision if applicable law requires that such appointment is not to be publicly disclosed; provided that such appointment 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 appointed Person) to reject, repudiate, disavow or disaffirm any contracts or agreements made by such Lender. 

“Unrestricted Subsidiary” means: 

(a)    any Captive Insurance Subsidiary; 

(b)    the Amazon
Entity; and  

(c)    the North Ocean Entity until such time as the NO 105 Indebtedness is paid in full; and 

(d)    any other Subsidiary of the
Parent (other than a Borrower) that after the Effective Date is designated by the board of directors of the Parent as an Unrestricted Subsidiary pursuant to a resolution passed by the board of directors of the Parent, but only to the extent
that: 
 (i)    such Subsidiary has no Indebtedness other than Non-Recourse Indebtedness; 

  
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(ii)    except as
permitted pursuant to Section 8.8, such Subsidiary is not party to any agreement, contract, arrangement or understanding with the Parent or any Restricted Subsidiary unless the terms of any such agreement or contract are, taken as a whole, no
less favorable to the Parent or such Restricted Subsidiary than those that might be obtained at the time from Persons who are not Affiliates of the Parent; 

(iii)    except for
equity contribution obligations in connection with Non-Recourse Indebtedness, such Subsidiary is a Person with respect to which neither the Parent nor any of its Restricted Subsidiaries has any direct or
indirect obligation (i) to subscribe for additional Stock or Stock Equivalents or (ii) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of operating
results; 
 (iv)    the aggregate Fair Market Value of all outstanding Investments owned by the Parent and its Restricted Subsidiaries in the Subsidiary being so
designated and any commitments to make any such Investments would be permitted under Section 8.5 as of the time of the designation; 

(v)    immediately before
and after such designation, no Default or Event of Default shall have occurred and be continuing; 

(vi)    immediately
before and after such designation, the Borrowers shall be in pro forma compliance with Article V as of the most recent date of determination;  

(vii)    such Subsidiary
has also been designated an Unrestricted Subsidiary under any Term Refinancing Debt, any Junior Priority Indebtedness, the Senior Notes and any Refinancing Indebtedness in respect of the foregoing; 

(viii)    such Subsidiary
has not previously been designated as an Unrestricted Subsidiary; and (ix) following any designation as an Unrestricted Subsidiary, such Unrestricted Subsidiary shall not be permitted to own, or hold an exclusive license to, any Material
Intellectual Property. 
 Any designation of a Subsidiary of the Parent as an Unrestricted Subsidiary after the Effective Date will be evidenced to each Administrative Agent by filing with such
Administrative Agent a certified copy of the resolution passed by the board of directors of the Parent giving effect to such designation and a certificate of a Responsible Officer of the Parent certifying that such designation complied with the
preceding conditions, and any such designation shall be effective as of the effective date of such certificate. 

If, at any time, any Unrestricted Subsidiary (other than a Captive Insurance
Subsidiary or the North Ocean Entity) would fail to meet the requirements of clause (d)(i), (d)(ii), (d)(iii), (d)(iv) or (d)(vii) above as an Unrestricted Subsidiary, it will thereafter cease to be an Unrestricted Subsidiary for purposes of this
Agreement and the other Loan Documents and any Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the Parent as of such date and, if such Indebtedness is not permitted to be 

  
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incurred as of such date pursuant to Section 8.1, the Borrowers will be in default of such
covenant. 

The board of directors of the Parent may at any time designate any
Unrestricted Subsidiary to be a Restricted Subsidiary; provided that such designation will be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of the Parent of any outstanding Indebtedness of such Unrestricted Subsidiary and
such designation will only be permitted if (i) such Indebtedness is permitted pursuant to Section 8.1; and (ii) no Default or Event of Default would be in existence following such designation. Upon any such designation of an
Unrestricted Subsidiary as a Restricted Subsidiary, the redesignated Subsidiary will become a Guarantor pursuant to, and if required by, Section 7.11. 

“U.S. Borrowers” means McDermott Technology (Americas), Inc. and McDermott Technology (US), Inc. 

“U.S. Subsidiary” means any Subsidiary of the Parent that is organized under the laws of the United States of America, any
State thereof or the District of Columbia. 
 “U.S. Tax Compliance Certificate” has the meaning specified in
Section 2.19(e). 
 “USA Patriot Act” means the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act, Title III of Pub. L. 107-56 (signed into law October 26, 2001)). 

“Voting Stock” means Stock of any Person having ordinary power to vote in the election of members of the board of directors,
managers, trustees or similar controlling Persons of such Person (irrespective of whether, at the time, Stock of any other class or classes of such entity shall have or might have voting power by reason of the happening of any contingency). 

“Wholly-Owned” means, in respect of any Person, any Subsidiary of such Person, all of the Stock of which (other than
director’s qualifying shares, and the like, as may be required by applicable law) is owned by such Person, either directly or indirectly through one or more Wholly-Owned Subsidiaries thereof. 

“Withdrawal Liability” means, with respect to the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate at
any time, the aggregate liability incurred (whether or not assessed) with respect to all Multiemployer Plans pursuant to Section 4201 of ERISA. 

“Withholding Agent” means any Loan Party and any Administrative Agent. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 

  
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 Section 1.2 Computation of Time Periods 

In this Agreement, in the computation of periods of time from a specified date to a later specified date, the word “from”
means “from and including” and, where applicable, the words “to” and “until” each mean “to but excluding” and the word “through” means “to and including.” 

Section 1.3 Accounting Terms and Principles 

(a)    Except as set forth below, all accounting terms not specifically defined herein shall be construed in conformity
with GAAP and all accounting determinations required to be made pursuant hereto shall, unless expressly otherwise provided herein, be made in conformity with GAAP. 

(b)    If any change in the accounting principles used in the preparation of the most recent Financial Statements referred
to in Section 6.1 is hereafter required or permitted by the rules, regulations, pronouncements and opinions of the Financial Accounting Standards Board or the American Institute of Certified Public Accountants (or any
successors thereto) and such change is adopted by the Parent without objection from the Parent’s Accountants and results in a change in any of the calculations required by Article V or VIII had such accounting change not occurred,
the parties hereto agree to enter into good faith negotiations in order to amend such provisions so as to equitably reflect such change with the desired result that the criteria for evaluating compliance with such covenants by the Loan Parties shall
be the same after such change as if such change had not been made; provided, however, that no change in GAAP that would affect a calculation that measures compliance with any covenant contained in Article V or VIII shall
be given effect until such provisions are amended to reflect such changes in GAAP. 
 (c)    Notwithstanding any other
provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under Statement of
Financial Account Standards 159 (or any other Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Parent or any of its Subsidiaries at “fair value”, as defined therein.

 Section 1.4 Certain Terms 

(a)    The words “herein,” “hereof” and “hereunder” and similar words refer to this Agreement
as a whole, and not to any particular Article, Section, subsection or clause in this Agreement. 
 (b)    Unless
otherwise expressly indicated herein, (i) references in this Agreement to an Exhibit, Schedule, Article, Section, clause or sub-clause refer to the appropriate Exhibit or Schedule to, or Article, Section,
clause or sub-clause in this Agreement, (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, and (iii) the words “above” and
“below”, when following a reference to a clause or a sub-clause of any Loan Document, refer to a clause or sub-clause within, respectively, the same Section or
clause. 

  
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 (c)    Each agreement defined in this Article I shall include all
appendices, exhibits and schedules thereto. ReferencesUnless otherwise specified, references in this Agreement to suchan
 agreement shall be to such agreement as so amended, restated, supplemented or modified, unless (i) any consent is required hereunder for an amendment, restatement, supplement or other modification to any such agreement and such
consent is not obtained or (ii) it is otherwise specified that such reference refers to such agreement as of a particular date. 

(d)    References in this Agreement to any statute shall be to such statute as amended or modified, together with any
successor legislation, in each case in effect at the time any such reference is operative unless it is otherwise specified that such reference refers to such statute as of a particular date. 

(e)    The term “including” when used in any Loan Document means “including without limitation” except
when used in the computation of time periods. The phrase “in the aggregate”, when used in any Loan Document, means “individually or in the aggregate,” unless otherwise expressly noted. 

(f)    Upon the appointment of any successor Administrative Agent pursuant to Section 10.6(a),
the reference to CA CIB or Barclays, as applicable, in the definition of Dollar Equivalent shall be deemed to refer to the financial institution then acting as the Applicable Administrative Agent or one of its Affiliates if it so designates. 

(g)    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
after such time in the stated amount thereof, the amount of such Letter of Credit shall be deemed for all purposes (other than determining the Letter of Credit Participation Fees and Fronting Fees payable in connection with such Letter of Credit) 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 or may occur in the future.  

(h)   
 The phrase “unmatured or undrawn” when used in any Loan Document means that (i) the beneficiary of the applicable letter of credit, bankers’ acceptance, surety bond, performance bond, bank guarantee or other similar
obligation has not made a bona fide drawing or other demand for funding under such letter of credit, bankers’ acceptance, surety bond, performance bond, bank guarantee or other similar obligation and (ii) the issuer of such letter of
credit, bankers’ acceptance, surety bond, performance bond, bank guarantee or other similar obligation shall not have a favorable legal judgment to obtain cash collateral in respect thereof. 

  
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 Section 1.5 Dutch Terms 

(a)    In relation to any entity that is incorporated, or where applicable, has its centre of main interest in the
Netherlands, a reference to: 
 (i)    a moratorium includes voorlopige surseance van betaling or
surseance van betaling; 
 (ii)    winding up, liquidation and reorganization (and any of those
terms) includes an entity being declared bankrupt (failliet verklaard), dissolved (ontbonden) or subjected to emergency regulations (noodregeling) on the basis of the Dutch Act on Financial Supervision (Wet op het Financieel
Toezicht); 
 (iii)    admit in writing its inability to pay its debts generally includes with
respect to an entity the filing of any notice under section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990) (“TCA”) or section 60 paragraphs 2 and/or 3 of the Social Insurance Financing Act of the Netherlands
(Wet Financiering Sociale Verzekeringen) in conjunction with section 36 of the TCA; 
 (iv)    a
security interest includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), right of retention (recht van retentie), right to reclaim goods
(recht van reclame), and any other rights in rem (zakelijke rechten) or other rights created for the purpose of granting security; 

(v)    all necessary corporate, limited liability company or partnership action includes without
limitation, where applicable, (i) compliance with any requirements of the Dutch Works Councils Act (Wet op de ondernemingsraden) or the European Works Councils Act (Wet op de Europese ondernemingsraden) and (ii) having
obtained an (x) unconditional neutral advice (advies) or unconditional positive advice, or (y) a conditional positive advice, from the competent works council. 

For the purpose of this Section 1.5(a)(v): 

 

	 	(A)	 “unconditional neutral advice” and “unconditional positive advice” shall mean an advice
which can be read as an advice to execute and proceed with the proposed decision(s) as described in the request for advice; and 

  

	 	(B)	 “conditional positive advice” shall mean an advice of which all conditions can reasonably be expected
to be satisfied without having a Material Adverse Effect; 

 (vi)    an administrator
includes a bewindvoerder and a stille bewindvoerder; 

  
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 (vii)    a distribution or dividend includes any
distribution of profits (winstuitkering) or the distribution of reserves (uitkering uit reserves); 

(viii)    organizational documents means a copy of: 

 

	 	(1)	 the articles of association (statuten); 

 

	 	(2)	 the deed of incorporation (akte van oprichting); and 

 

	 	(3)	 an up-to-date extract
(uittreksel) from the trade register (Handelsregister) of the Dutch chamber of commerce (Kamer van Koophandel); and 

(b)    officers include managing directors of a Dutch entity. 

ARTICLE II 

THE LOANS AND LETTERS OF CREDIT 

Section 2.1 Loan Commitments 

(a)    Term Commitments. On the terms and subject to the conditions contained in this Agreement, each Term Lender
severally agrees to make a term loan (each a “Term Loan”) to the Borrowers on the Effective Date in Dollars in an aggregate principal amount not to exceed such Term Lender’s Term Commitment. Each Term Lender’s Term
Commitment shall terminate immediately and without any further action upon the making of a Term Loan by such Term Lender or, if earlier, at 5:00 p.m., (New York time) on the Effective Date. Amounts of Term Loans that are repaid or prepaid may not be
reborrowed. 
 (b)    Revolving Commitments. On the terms and subject to the conditions contained in this
Agreement, each Revolving Lender severally agrees to make loans (each a “Revolving Loan”) to a Borrower from time to time on any Business Day during the period from the Effective Date until the Revolving Termination Date in Dollars
in an aggregate principal amount at any time outstanding that will not result in such Revolving Lender’s Revolving Exposure exceeding such Revolving Lender’s Revolving Commitment. Amounts of Revolving Loans repaid may be reborrowed under
this Section 2.1(b). The entire amount of the Revolving Commitments will be available in the form of letters of credit issued pursuant to Section 2.4. 

Section 2.2 Borrowing Procedures for the Loans  

(a)    Term Loan Borrowings. 

(i)    There shall be one Borrowing of Term Loans on the Effective Date, which shall be made on notice
given by the Borrowers to the Term Loan Administrative Agent not later than 11:00 a.m. (New York time) (A) one Business Day prior to the Effective Date, in the case of a Borrowing of Base Rate Loans and (B) three Business Days prior to the
Effective Date, in the case of a 

  
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Borrowing of Eurodollar Rate Loans. Such notice shall be in substantially the form of Exhibit C-1 (a “Notice of Term Borrowing”)
(or shall be made by telephone and the same information shall be confirmed promptly thereafter in writing), specifying (1) the Effective Date as the date of such proposed Borrowing, (2) the aggregate amount of such proposed Borrowing,
(3) whether any portion of the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (4) the initial Interest Period or Interest Periods for any such Eurodollar Rate Loans, and (5) remittance instructions. The Term
Loans shall be made as Base Rate Loans unless, subject to Section 2.17, the Notice of Term Borrowing specifies that all or a portion thereof shall be Eurodollar Rate Loans. The Borrowing of Term Loans shall be allocated in
accordance with each Term Lender’s Term Commitment. 
 (ii)    Unless the Term Loan Administrative
Agent shall have received notice from a Term Lender prior to the Effective Date that such Term Lender shall not make available to the Term Loan Administrative Agent such Term Lender’s Ratable Portion of the Borrowing to be made on such date (or
any portion thereof), the Term Loan Administrative Agent may assume that such Term Lender has made such Ratable Portion available to the Term Loan Administrative Agent on the Effective Date in accordance with this
Section 2.2(a) and the Term Loan Administrative Agent may, in reliance upon such assumption, make available to the Borrowers on such date a corresponding amount. If and to the extent that such Term Lender shall not have so
made such Ratable Portion available to the Term Loan Administrative Agent, such Term Lender and the Borrowers agree to repay to the Term Loan Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each
day from the date such amount is made available to the Borrowers until the date such amount is repaid to the Term Loan Administrative Agent, at (i) in the case of the Borrowers, the interest rate applicable at the time to the Term Loans
comprising such Borrowing and (ii) in the case of such Term Lender, the Federal Funds Rate for the first Business Day and thereafter at the interest rate applicable at the time to the Term Loans comprising such Borrowing. If such Term Lender
shall repay to the Term Loan Administrative Agent such corresponding amount, such corresponding amount so repaid shall constitute such Term Lender’s Term Loan as part of such Borrowing for purposes of this Agreement. If the Borrowers shall
repay to the Term Loan Administrative Agent such corresponding amount, such payment shall not relieve such Term Lender of any obligation it may have hereunder to the Borrowers. 

(iii)    The failure of any Term Lender to make its Term Loan or any payment required by it on the date
specified, shall not relieve any other Term Lender of its obligations to make its Term Loan or payment on such date but no such other Term Lender shall be responsible for the failure of any Term Lender to make a Term Loan or payment required under
this Agreement. 
 (b)    Revolving Loan Borrowings. 

(i)    Each Borrowing of Revolving Loans shall be made on notice given by a Borrower to the Revolving and
LC Administrative Agent not later than 

  
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11:00 a.m. (New York time) (A) on the Business Day of the proposed Borrowing, in the case of a Borrowing of Base Rate Loans and (B) three Business Days prior to the date of the proposed
Borrowing, in the case of a Borrowing of Eurodollar Rate Loans. Each such notice shall be in substantially the form of Exhibit C-2 (a “Notice of Revolving Borrowing”) (or shall be made
by telephone and the same information shall be confirmed promptly thereafter in writing), specifying (1) the date of such proposed Borrowing, (2) the aggregate amount of such proposed Borrowing, (3) whether any portion of the proposed
Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (4) the initial Interest Period or Interest Periods for any such Eurodollar Rate Loans, and (5) remittance instructions. The Revolving Loans shall be made as Base Rate Loans
unless, subject to Section 2.17, the Notice of Revolving Borrowing specifies that all or a portion thereof shall be Eurodollar Rate Loans. Each Borrowing of Revolving Loans shall be in an aggregate amount that is an
integral multiple of $1,000,000.00 (or $500,000.00 with respect to Swing Loans) and shall be allocated ratably in accordance with each Revolving Lender’s Revolving Commitment. 

(ii)    Unless the Revolving and LC Administrative Agent shall have received notice from a Revolving Lender
prior to the date of any proposed Borrowing that such Revolving Lender shall not make available to the Revolving and LC Administrative Agent such Revolving Lender’s Ratable Portion of the Borrowing to be made on such date (or any portion
thereof), the Revolving and LC Administrative Agent may assume that such Revolving Lender has made such Ratable Portion available to the Revolving and LC Administrative Agent on the date of such Borrowing in accordance with this
Section 2.2(b), and the Revolving and LC Administrative Agent may, in reliance upon such assumption, make available to the applicable Borrower on such date a corresponding amount. If and to the extent that such Revolving
Lender shall not have so made such Ratable Portion available to the Revolving and LC Administrative Agent, such Revolving Lender on the one hand and the Borrowers, jointly and severally, on the other agree to repay to the Revolving and LC
Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrowers until the date such amount is repaid to the Revolving and LC Administrative
Agent, at (i) in the case of the Borrowers, the interest rate applicable at the time to the Loans comprising such Borrowing and (ii) in the case of such Revolving Lender, the Federal Funds Rate for the first Business Day and thereafter at
the interest rate applicable at the time to the Loans comprising such Borrowing. If such Revolving Lender shall repay to the Revolving and LC Administrative Agent such corresponding amount, such corresponding amount so repaid shall constitute such
Revolving Lender’s Loan as part of such Borrowing for purposes of this Agreement. If the Borrowers shall repay to the Revolving and LC Administrative Agent such corresponding amount, such payment shall not relieve such Revolving Lender of any
obligation it may have hereunder to the Borrowers. 
 (iii)    The failure of any Revolving Lender to
make its Revolving Loan or any payment required by it on the date specified, including any payment in 

  
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respect of its participation in Swing Loans and Revolving Letter of Credit Obligations, shall not relieve any other Revolving Lender of its obligations to make its Revolving Loan or payment on
such date but no such other Revolving Lender shall be responsible for the failure of any Revolving Lender to make a Revolving Loan or payment required under this Agreement. 

Section 2.3 Swing Loans 

(a)    On the terms and subject to the conditions contained in this Agreement, the Swing Loan Lender may, in its sole
discretion, make loans (each a “Swing Loan”) otherwise available to the Borrowers from time to time on any Business Day during the period from the Effective Date until the Revolving Termination Date in an aggregate principal amount
outstanding at any time not to exceed $50,000,000.000.00; provided, however, that, in no event, shall any Swing Loan be made in excess of the Available Credit. Each
Swing Loan shall be a Base Rate Loan and shall in any event mature no later than the Revolving Termination Date. Within the limits set forth in the first sentence of this clause (a), amounts of Swing Loans repaid may be reborrowed under this
clause (a). 
 (b)    In order to request a Swing Loan, a Borrower shall telecopy (or, if consented to by
the Swing Loan Lender and the Revolving and LC Administrative Agent, forward by electronic mail or similar means) to the Swing Loan Lender (with a copy to the Revolving and LC Administrative Agent) a duly completed request in substantially the form
of Exhibit D (or shall make such request by telephone and promptly thereafter forward a written confirmation containing the same information), setting forth the requested amount and date of the Swing Loan (a “Swing Loan
Request”), to be received by the Swing Loan Lender not later than 3:00 p.m. (New York time) on the day of the proposed borrowing. Subject to the terms of this Agreement, the Swing Loan Lender may make a Swing Loan available to the
requesting Borrower on the date of the relevant Swing Loan Request. The Swing Loan Lender shall not make any Swing Loan in the period commencing on the first Business Day after it receives written notice from the Revolving and LC Administrative
Agent or any Revolving Lender that one or more of the conditions precedent contained in Section 3.3 shall not on such date be satisfied, and ending when such conditions are satisfied. The Swing Loan Lender shall not
otherwise be required to determine that, or take notice whether, the conditions precedent set forth in Section 3.3 have been satisfied in connection with the making of any Swing Loan. 

(c)    The Swing Loan Lender shall notify the Revolving and LC Administrative Agent in writing (which writing may be a
telecopy or, if agreed to by the Revolving and LC Administrative Agent, electronic mail) weekly, by no later than 11:00 a.m. (New York time) on the first Business Day of each week, of the aggregate principal amount of Swing Loans then outstanding.

 (d)    Each Revolving Lender shall pay to the Revolving and LC Administrative Agent, for the account of the Swing
Loan Lender, in the manner provided in clause (e) below, such Revolving Lender’s Ratable Portion of the outstanding Swing Loans. 

  
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 (e)    The Revolving and LC Administrative Agent shall forward each
notice referred to in clause (c) above to each Revolving Lender on the day such notice or such demand is received by the Revolving and LC Administrative Agent (except that any such notice or demand received by the Revolving and LC
Administrative Agent after 4:00 p.m. (New York time) on any Business Day shall not be required to be forwarded to the Revolving Lenders by the Revolving and LC Administrative Agent until the next succeeding Business Day), together with a statement
prepared by the Revolving and LC Administrative Agent specifying the amount of each Revolving Lender’s Ratable Portion of the aggregate principal amount of the Swing Loans stated to be outstanding in such notice, and, notwithstanding whether or
not the conditions precedent set forth in Section 3.3 shall have been satisfied (which conditions precedent the Revolving Lenders hereby irrevocably waive), each Revolving Lender shall, before 11:00 a.m. (New York time) on
the Business Day next succeeding the date of such Revolving Lender’s receipt of such written statement, make available to the Revolving and LC Administrative Agent, in immediately available funds, for the account of the Swing Loan Lender, the
amount specified in such statement as its Ratable Portion of the aggregate principal amount of the Swing Loans outstanding. If and to the extent that a Revolving Lender shall not have so made such Ratable Portion available to the Revolving and LC
Administrative Agent for the account of the Swing Loan Lender, such Revolving Lender on the one hand and the Borrowers jointly and severally on the other agree to repay to the Revolving and LC Administrative Agent forthwith on demand such
corresponding amount together with interest thereon, for each day from the date such amount is made available to the Borrowers until the date such amount is repaid to the Revolving and LC Administrative Agent, at (i) in the case of the
Borrowers, the interest rate applicable at the time to overdue Swing Loans and (ii) in the case of such Revolving Lender, the Federal Funds Rate for the first Business Day and thereafter at the interest rate applicable at the time to overdue
Swing Loans. Upon such payment by a Revolving Lender, such Revolving Lender shall, except as provided in clause (f) below, be deemed to have made a Revolving Loan that is a Base Rate Loan to the applicable Borrower. The Revolving
and LC Administrative Agent shall use such funds to repay the Swing Loans to the Swing Loan Lender. 
 (f)    Upon the
occurrence of a Default or Event of Default under Section 9.1(f), each Revolving Lender shall acquire, without recourse or warranty, an undivided participation in each Swing Loan in a principal amount equal to such
Revolving Lender’s Ratable Portion of such Swing Loan, by paying to the Swing Loan Lender on the date on which such Revolving Lender would otherwise have been required to make a payment in respect of such Swing Loan pursuant to clause
(e) above, in immediately available funds, an amount equal to such Revolving Lender’s Ratable Portion of such Swing Loan. If all or part of such amount is not in fact made available by such Revolving Lender to the Swing Loan Lender on
such date, the Swing Loan Lender shall be entitled to recover any such unpaid amount on demand from such Revolving Lender together with interest accrued from such date at the Federal Funds Rate for the first Business Day after such payment was due
and thereafter at the rate of interest then applicable to Base Rate Loans for Revolving Loans. 
 From and after the date on which any Revolving Lender
(i) is deemed to have made a Revolving Loan pursuant to clause (e) above with respect to any Swing Loan or (ii) 

  
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acquires an undivided participation interest in a Swing Loan pursuant to clause (f) above, the Swing Loan Lender shall promptly distribute to such Revolving Lender such Revolving
Lender’s Ratable Portion of all payments of principal of and interest received by the Swing Loan Lender on account of such Swing Loan other than those received from a Revolving Lender pursuant to clause (e) or (f) above. 

Section 2.4 Revolving Letters of Credit 

(a)    On the terms and subject to the conditions contained in this Agreement, each Revolving Issuer agrees to Issue one or
more Letters of Credit at the request of, and for the account of, a Borrower to support obligations of the Parent, such Borrower, any of the Parent’s Subsidiaries or any Joint Venture, from time to time on any Business Day during the period
commencing on the Effective Date and ending on the date that is 30 days before the Revolving Maturity Date; provided that no Revolving Issuer shall Issue any Revolving Letter of Credit upon the occurrence of any of the following: 

(i)    any order, judgment or decree of any Governmental Authority or arbitrator shall purport by its terms
to enjoin or restrain such Revolving Issuer from Issuing such Revolving Letter of Credit or any Requirement of Law applicable to such Revolving Issuer (including, without limitation, any applicable “know your customer” and anti-money
laundering rules and regulations) or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such Revolving Issuer shall prohibit, or request that such Revolving Issuer refrain from,
the Issuance of letters of credit generally or such Revolving Letter of Credit in particular or shall impose upon such Revolving Issuer with respect to such Revolving Letter of Credit any restriction or reserve or capital requirement (for which such
Revolving Issuer is not otherwise compensated) not in effect on the date of this Agreement or result in any unreimbursed loss, cost or expense that was not applicable, in effect or known to such Revolving Issuer as of the date of this Agreement and
that such Revolving Issuer in good faith deems material to it; 
 (ii)    such Revolving Issuer shall
have received written notice from the Revolving and LC Administrative Agent, any Revolving Lender or a Borrower, on or prior to the requested date of Issuance of such Revolving Letter of Credit, that one or more of the applicable conditions
contained in Section 3.2 (with respect to an Issuance on the Effective Date) or 3.3 is not then satisfied or duly waived in accordance with Section 11.1, and such notice has not been revoked
by the Person that delivered such notice; 
 (iii)    after giving effect to the Issuance of such
Revolving Letter of Credit, (x) the Revolving Outstandings would exceed the Revolving Commitments in effect at such time, (y) the aggregate outstanding amount of all Revolving Letters of Credit issued by such Revolving Issuer would exceed
its Revolving Letter of Credit Issuer Commitment or (z) the aggregate outstanding amount of all Financial Letters of Credit (other than, in the case of an Issuance of a Revolving Performance Letter of Credit, any Revolving Financial Letter of
Credit 

  
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that has been cash collateralized at 105% of the stated amount of such Revolving Letter of Credit in accordance with Section 2.12(f)) would exceed the Revolving
Financial Letter of Credit Sublimit; 
 (iv)    any fees due to the applicable Revolving Issuer in
connection with a requested Issuance have not been paid; 
 (v)    such Revolving Letter of Credit is
requested to be issued in a form that is not acceptable to such Revolving Issuer, in its sole discretion exercised in a commercially reasonable manner; 

(vi)    with respect to any requested Revolving Letter of Credit denominated in an Alternative Currency,
(A) the Revolving Issuer or the Revolving and LC Administrative Agent shall not have approved such Issuance or (B) the Revolving Issuer receives notice from the Revolving and LC Administrative Agent at or before 11:00 a.m. (New York time)
on the date of the proposed Issuance of such Revolving Letter of Credit that, immediately after giving effect to the Issuance of such Revolving Letter of Credit, the sum of the Dollar Equivalent of the Letter of Credit Obligations at such time in
respect of each Letter of Credit denominated in an Alternative Currency would exceed the Alternative Currency Cap on the date of such proposed Issuance; 

(vii)    such Revolving Letter of Credit does not comply with such Revolving Issuer’s internal
policies with respect thereto; or 

(viii)    such Revolving Letter of Credit is a trade or commercial letter of credit or bank guarantee and
such Revolving Issuer has not agreed in its sole discretion to Issue such Revolving Letter of Credit; 

(ix)    
any condition set forth in Section 3.3 to the Priming Credit Agreement has not been met on or before the Tranche B Commitment
Termination Date (as defined in the Priming Credit Agreement on the Amendment No. 1 Effective Date), Section 3.4 to the Priming Credit Agreement has not been met on or before the Tranche C Commitment Termination Date (as defined in the
Priming Credit Agreement on the Amendment No. 1 Effective Date), or Section 3.5 to the Priming Credit Agreement has not been met on or before the Tranche D Commitment Termination Date (as defined in the Priming Credit Agreement on the
Amendment No. 1 Effective Date); or 

(x)    
such Revolving Letter of Credit is a new Letter of Credit unless the Borrowers do not have sufficient availability for the issuance of
the requested Letter of Credit under the Priming Credit Agreement.  
 (b)    
(i) Upon the occurrence of any Commitment reduction required under Section 2.8(c), (A) the Borrowers shall notify the Revolving and
LC Administrative Agent of which LC Facility Letters of Credit (other than any LC Facility Letters of Credit supporting a 

  
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“focus” project) in an outstanding face amount up to and as close as
commercially reasonable
equal to the lesser of (1)(x) the LC Facility Commitments immediately before the time of such reduction minus (y) the
LC Facility Commitments after giving effect to such reduction (calculated based upon the LC Facility Commitments and the Revolving Commitments before giving effect to such reduction) (the “Migration Base Amount”) and (2) the LC
Facility Letter of Credit Obligations at the time of such reduction (the “Migration Amount”) that the Borrower has selected to become Revolving Letters of Credit and (B) with the Revolving and LC Administrative Agent’s and the
Issuer of each such Letters of Credit consent, such LC Facility Letters of Credit shall automatically be deemed to be issued under Section 2.4(a) as a Revolving Letter of Credit as of the date of such Commitment reduction.  

(ii)    
If the Revolving and LC Administrative Agent or the Issuer denies consent for any LC Facility Letter of Credit selected, (A) the
Borrowers shall then immediately notify the Revolving and LC Administrative Agent of other LC Facility Letters of Credits selected to become Revolving Letters of Credit in an outstanding face amount necessary to equal the Migration Amount when
combined with the Letters of Credit deemed issued under the preceding clause (i) until the Revolving and LC Administrative Agent and the Issuer of each such Letters of Credit has consented to an outstanding face amount of LC Facility Letters of
Credit necessary to equal the Migration Amount and (B) such LC Facility Letters of Credit shall automatically be deemed to be issued under Section 2.4(a) as a Revolving Letter of Credit as of the date of such Commitment
reduction. 

(iii)    
The Revolving and LC Administrative Agent shall promptly notify the Revolving Lenders and the LC Lenders of which LC Facility Letters
of Credit have been deemed to be issued as Revolving Letters of Credit under the foregoing clauses (i) and (ii). 
 Section 2.5
LC Facility Letters of Credit 
 (a)    On the terms and subject to the conditions contained in this
Agreement, each LC Facility Issuer agrees to Issue one or more Performance Letters of Credit at the request of, and for the account of, a Borrower to support obligations of the Parent, such Borrower, any of the Parent’s Subsidiaries or any of
the Parent’s or any of its Subsidiaries’ Joint Ventures, from time to time on any Business Day during the period commencing on the Effective Date and ending on the date that is 30 days before the LC Facility Maturity Date; provided
that no LC Facility Issuer shall Issue any Letter of Credit upon the occurrence of any of the following: 

(i)    any order, judgment or decree of any Governmental Authority or arbitrator shall purport by its terms
to enjoin or restrain such LC Facility Issuer from Issuing such LC Facility Letter of Credit or any Requirement 

  
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of Law applicable to such LC Facility Issuer (including, without limitation, any applicable “know your customer” and anti-money laundering rules and regulations) or any request or
directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such LC Facility Issuer shall prohibit, or request that such LC Facility Issuer refrain from, the Issuance of letters of credit generally or
such LC Facility Letter of Credit in particular or shall impose upon such LC Facility Issuer with respect to such LC Facility Letter of Credit any restriction or reserve or capital requirement (for which such LC Facility Issuer is not otherwise
compensated) not in effect on the date of this Agreement or result in any unreimbursed loss, cost or expense that was not applicable, in effect or known to such LC Facility Issuer as of the date of this Agreement and that such LC Facility Issuer in
good faith deems material to it; 
 (ii)    such LC Facility Issuer shall have received written notice
from the Revolving and LC Administrative Agent, any LC Lender or a Borrower, on or prior to the requested date of Issuance of such LC Facility Letter of Credit, that one or more of the applicable conditions contained in
Section 3.2 (with respect to an Issuance on the Effective Date) or 3.3 is not then satisfied or duly waived in accordance with Section 11.1, and such notice has not been revoked by the
Person that delivered such notice; 
 (iii)    after giving effect to the Issuance of such LC Facility
Letter of Credit, (x) the LC Facility Outstandings would exceed the LC Facility Commitments in effect at such time or (y) the aggregate outstanding amount of all LC Facility Letters of Credit issued by such LC Facility Issuer would exceed
its LC Facility Letter of Credit Issuer Commitment; 
 (iv)    any fees due to the applicable LC Facility
Issuer in connection with a requested Issuance have not been paid; 
 (v)    such LC Facility Letter of
Credit is requested to be issued in a form that is not acceptable to such LC Facility Issuer, in its sole discretion exercised in a commercially reasonable manner; 

(vi)    with respect to any requested LC Facility Letter of Credit denominated in an Alternative Currency,
(A) the LC Facility Issuer or the Revolving and LC Administrative Agent shall not have approved such Issuance or (B) the LC Facility Issuer receives notice from the Revolving and LC Administrative Agent at or before 11:00 a.m. (New York
time) on the date of the proposed Issuance of such LC Facility Letter of Credit that, immediately after giving effect to the Issuance of such LC Facility Letter of Credit, the sum of the Dollar Equivalent of the Letter of Credit Obligations at such
time in respect of each Letter of Credit denominated in an Alternative Currency would exceed the Alternative Currency Cap on the date of such proposed Issuance; 

(vii)    such LC Facility Letter of Credit does not comply with such LC Facility Issuer’s internal
policies with respect thereto; or 

  
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 (viii)    such LC Facility Letter of Credit is a trade
or commercial letter of credit or bank guarantee and such LC Facility Issuer has not agreed in its sole discretion to Issue such LC Facility Letter of Credit.
;  

(ix)    
(any condition set forth in Section 3.3 to the Priming Credit Agreement has not been met on or before the Tranche B Commitment
Termination Date (as defined in the Priming Credit Agreement on the Amendment No. 1 Effective Date), Section 3.4 to the Priming Credit Agreement has not been met on or before the Tranche C Commitment Termination Date (as defined in the
Priming Credit Agreement on the Amendment No. 1 Effective Date), or Section 3.5 to the Priming Credit Agreement has not been met on or before the Tranche D Commitment Termination Date (as defined in the Priming Credit Agreement on the
Amendment No. 1 Effective Date); or 

(x)    
such LC Facility Letter of Credit is a new Letter of Credit unless the Borrowers do not have sufficient availability for the issuance
of the requested Letter of Credit under the Priming Credit Agreement. 
 Section 2.6 Cash Secured Letters of Credit 

(a)    On the terms and subject to the conditions contained in this Agreement, each Cash Secured LC Issuer agrees to Issue
one or more Letters of Credit at the request of, and for the account of, the Borrowers to support obligations of the Borrowers, Parent and any of the Parent’s Restricted Subsidiaries or any Joint Venture, from time to time on any Business Day
during the period commencing on the Effective Date and ending on the date that is 30 days before the Term Maturity Date; provided that no Cash Secured LC Issuer shall Issue any Letter of Credit upon the occurrence of any of the following:

 (i)    any order, judgment or decree of any Governmental Authority or arbitrator shall purport by its
terms to enjoin or restrain such Cash Secured LC Issuer from Issuing such Cash Secured Letter of Credit or any Requirement of Law applicable to such Cash Secured LC Issuer (including, without limitation, any applicable “know your customer”
and anti-money laundering rules and regulations) or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such Cash Secured LC Issuer shall prohibit, or request that such Cash
Secured LC Issuer refrain from, the Issuance of letters of credit generally or such Cash Secured Letter of Credit in particular or shall impose upon such Cash Secured LC Issuer with respect to such Cash Secured Letter of Credit any restriction or
reserve or capital requirement (for which such Cash Secured LC Issuer is not otherwise compensated) not in effect on the date of this Agreement or result in any unreimbursed loss, cost or expense that was not applicable, in effect or known to such
Cash Secured LC Issuer as of the date of this Agreement and that such Cash Secured LC Issuer in good faith deems material to it; 

  
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 (ii)    such Cash Secured LC Issuer shall have received
written notice from the Revolving and LC Administrative Agent, any other Cash Secured LC Issuer or the Borrowers, on or prior to the requested date of Issuance of such Cash Secured Letter of Credit, that one or more of the applicable conditions
contained in Section 3.2 (with respect to an Issuance on the Effective Date) or 3.3 is not then satisfied or duly waived in accordance with Section 11.1, and such notice has not been revoked
by the Person that delivered such notice; 
 (iii)    after giving effect to the Issuance of such Cash
Secured Letter of Credit, (v) the Cash Secured LC Cash Collateral Account Balance would be less than 103% of the Cash Secured Letter of Credit Outstandings, (w) the Cash Secured Letter of Credit Outstandings would exceed the lesser of
(A) the Cash Secured Letter of Credit Issuer Commitment then in effect and (B) the Specified Term Loan Amount, (x) subject to the provisions of Section 2.6(b), the Cash Secured Letter of Credit Outstandings
with respect to such Cash Secured LC Issuer, would exceed the Specified Cash Secured Letter of Credit Commitment of such Cash Secured LC Issuer then in effect, or (y) the aggregate outstanding amount of all Financial Letters of Credit would
exceed the Cash Secured Financial Letter of Credit Sublimit; 
 (iv)    any fees due to the applicable
Cash Secured LC Issuer in connection with a requested Issuance have not been paid; 
 (v)    such Cash
Secured Letter of Credit is requested to be issued in a form that is not acceptable to such Cash Secured LC Issuer, in its sole discretion exercised in a commercially reasonable manner; 

(vi)    with respect to any requested Cash Secured Letter of Credit denominated in an Alternative Currency,
(A) the Cash Secured LC Issuer or the Revolving and LC Administrative Agent shall not have approved such Issuance or (B) the Cash Secured LC Issuer receives notice from the Revolving and LC Administrative Agent at or before 11:00 a.m. (New
York time) on the date of the proposed Issuance of such Cash Secured Letter of Credit that, immediately after giving effect to the Issuance of such Cash Secured Letter of Credit, the sum of the Dollar Equivalent of the Letter of Credit Obligations
at such time in respect of each Letter of Credit denominated in an Alternative Currency would exceed the Alternative Currency Cap on the date of such proposed Issuance; 

(vii)    such Cash Secured Letter of Credit does not comply with such Cash Secured LC Issuer’s
internal policies with respect thereto; 
 (viii)    such Cash Secured Letter of Credit is a Financial
Letter of Credit and such Cash Secured LC Issuer has not agreed in its sole discretion to Issue Financial Letters of Credit; or 

(ix)    both before and after giving effect to such proposed Issuance, there shall not be funds on deposit
in the Cash Secured LC Cash Collateral Account in an amount equal to at least 103% of the sum of all outstanding Cash Secured Letter of Credit Outstandings; 

  
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 provided, however, that the stated amount of any Cash Secured Letter of Credit with respect to
which another Cash Secured Letter of Credit is to be (or has been) issued to replace such Cash Secured Letter of Credit shall be excluded in calculating the Cash Secured Letters of Credit Outstanding in connection with any determination of
compliance with clause (iii)(w) above, so long as and only so long as) the Cash Secured Letter of Credit Cash Coverage Requirement (determined without regard to the proviso following the definition thereof) shall, at all times prior to the
termination and cancellation of the Cash Secured Letter of Credit that is being (or has been) replaced (as notified to the Revolving and LC Administrative Agent and the Borrowers by the Cash Secured LC Issuer thereof), be satisfied (including with
respect to the Cash Secured Letter of Credit that is being (or has been) replaced and the related replacement Cash Secured Letter of Credit). 

(b)    On the Effective Date, one or more Borrowers shall establish the Cash Secured LC Cash Collateral Account for the
benefit of the Collateral Agent on behalf of the Secured Parties on the Effective Date for the purpose of cash collateralizing the Borrowers’ obligations (including Cash Secured Reimbursement Obligations) to each Cash Secured LC Issuer in
respect of the Cash Secured Letters of Credit. On the Effective Date, the proceeds of the Term Loans in an aggregate amount of the Specified Term Loan Amount, together with other funds (if any) provided by the Parent or a Borrower, shall be
deposited into the Cash Secured LC Cash Collateral Account such that, at such time, the Cash Secured LC Cash Collateral Account Balance is equal to at least 103% of the Cash Secured Letter of Credit Outstandings. The Borrowers agree that at all
times, they shall immediately cause additional funds to be deposited and held in the Cash Secured LC Cash Collateral Account from time to time in order that the Cash Secured LC Cash Collateral Account Balance shall at least equal 103% of the Cash
Secured Letter of Credit Outstandings with respect to all Cash Secured Letters of Credit (the “Cash Secured Letter of Credit Cash Coverage Requirement”). Pursuant to the Pledge and Security Agreement, a security interest in the Cash
Secured LC Cash Collateral Account has been granted and amounts on deposit therein shall be applied as set forth in the Collateral Agency and Intercreditor Agreement. Except as expressly provided herein or in any other Loan Document, no Person shall
have the right to make any withdrawal from the Cash Secured LC Cash Collateral Account or to exercise any right or power with respect thereto; provided that at any time the Borrowers shall fail to reimburse any Cash Secured LC Issuer for any payment
or disbursement made by a Cash Secured LC Issuer under any Cash Secured Letter of Credit in accordance with Section 2.7, the Borrowers hereby absolutely, unconditionally and irrevocably agree that the Collateral Agent shall
be entitled to instruct the Depositary Bank to withdraw therefrom and pay to such Cash Secured LC Issuer amounts equal to such payment or disbursement. Amounts in the Cash Secured LC Cash Collateral Account shall be invested by the Depositary Bank
in accordance with the terms of the Cash Secured LC Cash Collateral Account Control Agreement. The Borrowers shall bear the risk of loss of principal with respect to any investment in any Cash Secured LC Cash Collateral Account. So long as no Event
of Default shall have occurred and be continuing and subject to the satisfaction of the Cash Secured Letter of Credit Cash Coverage Requirement after giving effect to any such release, upon at least three Business

  
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Days’ prior written notice to the Collateral Agent and the Revolving and LC Administrative Agent, the Parent may, at any time and from time to time, request release of and payment to the
Borrowers of (and the Collateral Agent hereby agrees to instruct the applicable Depositary Bank to release and pay to the Borrowers) any amounts on deposit in the Cash Secured LC Cash Collateral Account (as reduced by the aggregate amounts, if any,
withdrawn by the Cash Secured LC Issuers and not subsequently deposited by the Borrowers) in excess of the Cash Secured Letter of Credit Issuer Commitment at such time (provided that the Collateral Agent shall have received prior confirmation of the
amount of such excess from the Revolving and LC Administrative Agent). 
 Section 2.7 Letters of Credit Generally 

(a)    Notwithstanding anything herein to the contrary, (i) all Existing Revolving Letters of Credit shall be deemed
to have been issued pursuant to Section 2.4 on behalf of a Borrower, and from and after the Effective Date shall be subject to and governed by the terms hereof, (ii) all Existing LC Facility Letters of Credit shall be
deemed to have been issued pursuant to Section 2.5 on behalf of a Borrower, and from and after the Effective Date shall be subject to and governed by the terms hereof and (iii) all Existing Cash Secured Letters of
Credit shall be deemed to have been issued pursuant to Sections 2.6 on behalf of a Borrower, and from and after the Effective Date shall be subject to and governed by the terms hereof. None of the Lenders (other than the Issuers in their
capacity as such and on the terms and conditions hereof) shall have any obligation to Issue any Letter of Credit. 

(b)    In no event shall the expiration date of any Letter of Credit be later than the earlier of (i) the date that
is 12 months from the date of Issuance thereof or such later date as the applicable Issuer may agree in its sole discretion and (ii) the fifth Business Day prior to the Applicable Maturity Date or, with the approval of the applicable Issuer in
its sole discretion, any date that is after the fifth Business Day prior to the Applicable Maturity Date (including after the Applicable Maturity Date); provided, however, that, if the applicable Issuer agrees in its sole discretion,
any Letter of Credit with a fixed term may provide for the auto-renewal thereof for additional periods of not more than 12 months each (each, an “Auto-Renewal LC”); provided, further, that any such Auto-Renewal LC must
permit the applicable Issuer to prevent any such extension at least once in each 12 month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof. If (A) any Issuance or renewal
of a Letter of Credit occurs during the 12 month period prior to the Applicable Maturity Date or (B) the Parent requests (and the applicable Issuer approves) the Issuance of a Letter of Credit that expires after the fifth Business Day prior to
the Applicable Maturity Date, then on or before the date that is 95 days prior to the Applicable Maturity Date (or on the date of such Issuance, if the date of such Issuance is later than the 95th day prior to the Applicable Maturity Date), the
Borrowers shall make arrangements acceptable to the relevant Issuer in respect of the amount of each such Letter of Credit that expires after the fifth Business Day prior to the Applicable Maturity Date (each such Letter of Credit with regard to
which acceptable arrangements have been so made, an “Extended Letter of Credit”). Each Extended Letter of Credit shall, on the Applicable Maturity Date and if all Applicable Reimbursement Obligations have been repaid in full, for
all purposes cease to be a Letter of Credit 

  
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hereunder and the obligations (if any) of the Applicable Lenders to fund or risk participate their Ratable Portions of such Extended Letters of Credit pursuant to clause (i) below
shall be terminated on the Applicable Maturity Date. After the Applicable Maturity Date and the repayment in full of all Applicable Reimbursement Obligations, the terms for release of such cash collateral shall be as agreed from time to time between
the Parent and the applicable Issuer; provided that in the absence of such agreement between the Parent and such Issuer, the terms of this Agreement shall, as among the Parent, the Borrowers and such Issuer, continue to govern the fees, costs
and expenses payable in respect of such Extended Letters of Credit. 
 (c)    In connection with the Issuance of each
Letter of Credit, the Borrowers shall give the relevant Issuer and the Revolving and LC Administrative Agent, at least two Business Days’ (unless the relevant Issuer otherwise agrees) prior written notice, in substantially the form of
Exhibit E (or in such other written or electronic form as is acceptable to such Issuer), of the requested Issuance of such Letter of Credit (a “Letter of Credit Request”). Such notice shall be irrevocable on and after
the Issuance of such Letter of Credit (and, prior to such Issuance, may be revoked only with the consent of the Issuer) and shall specify the Issuer of such Letter of Credit, the stated amount of the Letter of Credit requested, the date of Issuance
of such requested Letter of Credit, the date on which such Letter of Credit is to expire (which date shall be a Business Day), whether such Letter of Credit is a Revolving Letter of Credit, LC Facility Letter of Credit or a Cash Secured Letter of
Credit and the Person for whose benefit the requested Letter of Credit is to be issued. Unless the Issuer and Revolving and LC Administrative Agent, otherwise agree, such notice, to be effective, must be received by the relevant Issuer and the
Revolving and LC Administrative Agent, not later than 11:00 a.m. (New York time) on the second Business Day prior to the requested Issuance of such Letter of Credit. 

(d)    Subject to (x) the satisfaction of the conditions set forth in this Section 2.7 and
(y) receipt from the Revolving and LC Administrative Agent, if requested by the Issuer, of the total outstanding amount of Reimbursement Obligations at such time and any fees and expenses related to Letters of Credit that are due and payable at
such time (including the amount of any outstanding requests for Issuance), the relevant Issuer shall, on the requested date, Issue a Letter of Credit on behalf of the Borrowers in accordance with such Issuer’s usual and customary business
practices. No Issuer shall Issue any Letter of Credit in the period commencing on the first Business Day after it receives written notice from the Revolving and LC Administrative Agent, or, any Revolving Lender, if a Revolving Letter of Credit or LC
Lender if a LC Facility Letter of Credit that one or more of the conditions precedent contained in Section 3.3 shall not on such date be satisfied, and ending when such conditions are satisfied. The relevant Issuer shall
not otherwise be required to determine that, or take notice whether, the conditions precedent set forth in Section 2.4(a), Section 2.5(a), or Section 2.6(a), as
applicable, and Section 3.3 have been satisfied in connection with the Issuance of any Letter of Credit. 

(e)    If requested by the relevant Issuer, prior to the first Issuance of a Letter of Credit by such Issuer, and as a
condition of such Issuance and of the participation of each Lender in the Letter of Credit Obligations arising with respect thereto, the Borrowers and Parent shall have delivered to such Issuer a letter of credit reimbursement

  
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agreement, in such form as the Issuer may employ in its ordinary course of business for its own account (a “Letter of Credit Reimbursement Agreement”), signed by the Borrowers
and the Parent, and such other documents or items as may be required pursuant to the terms thereof. In the event of any conflict between the terms of any Letter of Credit Reimbursement Agreement and this Agreement, the terms of this Agreement shall
govern. 
 (f)    Each Revolving Issuer or LC Facility Issuer, as applicable, shall: 

(i)    give the Revolving and LC Administrative Agent written notice (or telephonic notice confirmed
promptly thereafter in writing, which writing may be a telecopy or, if consented to by the Revolving and LC Administrative Agent, electronic mail) of the Issuance or renewal of a Letter of Credit issued by it, of all drawings under a Letter of
Credit issued by it, the payment (or the failure to pay when due) by the Borrowers of any Reimbursement Obligation and of the cancellation, termination or expiration of any Letter of Credit (of which notice the Revolving and LC Administrative Agent
shall, in the case of a Revolving Letter of Credit or LC Facility Letter of Credit, promptly notify each Lender under the LC Facility or Revolving Facility, as applicable); 

(ii)    (A) upon the request of any Revolving Lender, furnish to such Revolving Lender copies of any Letter
of Credit Reimbursement Agreement to which such Revolving Issuer is a party and such other documentation as may reasonably be requested by such Revolving Lender and (B) upon the request of any LC Lender, furnish to such LC Lender copies of any
Letter of Credit Reimbursement Agreement to which such LC Facility Issuer is a party and such other documentation as may reasonably be requested by such LC Lender; and 

(iii)    no later than five Business Days following the last Business Day of each calendar quarter, provide
to the Revolving and LC Administrative Agent (and the Revolving and LC Administrative Agent shall provide a copy to each Revolving Lender or LC Lender requesting the same) and the Borrowers a schedule of Letters of Credit issued by it, in form and
substance reasonably satisfactory to the Revolving and LC Administrative Agent, setting forth the aggregate Letter of Credit Obligations outstanding at the end of each calendar quarter and any information requested by the Borrowers or the Revolving
and LC Administrative Agent relating thereto. 
 (g)    Each Cash Secured LC Issuer shall: 

(i)    give the Revolving and LC Administrative Agent written notice (or telephonic notice confirmed
promptly thereafter in writing, which writing may be a telecopy or, if consented to by such Administrative Agent, electronic mail) of the Issuance or renewal of a Letter of Credit issued by it, of all drawings under a Letter of Credit issued by it,
the payment (or the failure to pay when due) by the Borrowers of any Cash Secured Reimbursement Obligation and of the cancellation, termination or expiration of any Letter of Credit; and 

  
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 (ii)    no later than five Business Days following the
last Business Day of each calendar quarter, provide to the Revolving and LC Administrative Agent and the Borrowers a schedule of Cash Secured Letters of Credit issued by it, in form and substance reasonably satisfactory to the Administrative Agents,
setting forth the aggregate Cash Secured Letter of Credit Outstandings outstanding at the end of each calendar quarter and any information requested by the Borrowers or such Administrative Agent relating thereto. 

(h)    (i) Effective with respect to the Existing Revolving Letters of Credit upon the occurrence of the Effective Date,
and otherwise effective immediately upon the Issuance by a Revolving Issuer of a Revolving Letter of Credit in accordance with the terms and conditions of this Agreement, each Revolving Issuer shall be deemed to have sold and transferred to each
Revolving Lender and each Revolving Lender shall be deemed irrevocably and unconditionally to have purchased and received from each Revolving Issuer, without recourse or warranty, an undivided interest and participation, to the extent of such
Revolving Lender’s Ratable Portion in such Revolving Letter of Credit and the obligations of the Borrowers with respect thereto (including all Revolving Letter of Credit Obligations with respect thereto) and any security therefor and guaranty
pertaining thereto and (ii) effective with respect to the Existing LC Facility Letters of Credit upon the occurrence of the Effective Date, and otherwise effective immediately upon the Issuance by a LC Facility Issuer of a LC Facility Letter of
Credit in accordance with the terms and conditions of this Agreement, each LC Facility Issuer shall be deemed to have sold and transferred to each LC Lender and each LC Lender shall be deemed irrevocably and unconditionally to have purchased and
received from each LC Facility Issuer, without recourse or warranty, an undivided interest and participation, to the extent of such LC Lender’s Ratable Portion in such LC Facility Letter of Credit and the obligations of the Borrowers with
respect thereto (including all LC Facility Letter of Credit Obligations with respect thereto) and any security therefor and guaranty pertaining thereto. 

(i)    The Borrowers jointly and severally agree to pay to the Issuer of any Letter of Credit the amount of all
Reimbursement Obligations owing to such Issuer in respect of any Letter of Credit in Dollars (based on the Dollar Equivalent of such payment if such payment was made in an Alternative Currency) no later than the date that is the next succeeding
Business Day after the Borrowers receives notice from such Issuer (or, if such notice is not received prior to 11:00 A.M. (New York Time) on any Business Day, then no later than 10:00 A.M. (New York Time) on the next succeeding Business Day) that
payment has been made under such Letter of Credit, irrespective of any claim, set-off, defense or other right that any Borrower may have at any time against such Issuer or any other Person. 

(i)    If any Revolving Issuer makes any payment under any Revolving Letter of Credit and a Borrower shall
not have repaid such amount to such Revolving Issuer pursuant to this clause (i) or any such payment in respect thereof is rescinded or set aside for any reason, such Revolving Reimbursement

  
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Obligation shall be payable on demand with interest thereon computed at the rate of interest applicable during such period to Revolving Loans that are Base Rate Loans, and such Revolving Issuer
shall promptly notify the Revolving and LC Administrative Agent, and the Revolving and LC Administrative Agent shall promptly notify each Revolving Lender of such failure, and each Revolving Lender shall promptly and unconditionally pay to the
Revolving and LC Administrative Agent for the account of such Revolving Issuer the amount of such Revolving Lender’s Ratable Portion in Dollars (based on the Dollar Equivalent thereof if such payment was made in an Alternative Currency) and in
immediately available funds. If the Revolving and LC Administrative Agent so notifies such Revolving Lender prior to 11:00 a.m. (New York time) on any Business Day, such Revolving Lender shall make available to the Revolving and LC Administrative
Agent for the account of such Revolving Issuer its Ratable Portion of the amount of such payment on such Business Day in immediately available funds as set forth in the immediately preceding sentence. Whenever any Revolving Issuer receives from a
Borrower a payment of a Revolving Reimbursement Obligation as to which the Revolving and LC Administrative Agent has received for the account of such Revolving Issuer any payment from a Revolving Lender pursuant to this clause (i), such
Revolving Issuer shall pay to the Revolving and LC Administrative Agent and the Revolving and LC Administrative Agent shall promptly pay to such Revolving Lender in immediately available funds, an amount equal to such Revolving Lender’s Ratable
Portion of the amount of such payment adjusted, if necessary, to reflect the respective amounts the Revolving Lenders have paid in respect of such Revolving Reimbursement Obligation. 

(ii)    If any LC Facility Issuer makes any payment under any LC Facility Letter of Credit and a Borrower
shall not have repaid such amount to such LC Facility Issuer pursuant to this clause (i) or any such payment in respect thereof is rescinded or set aside for any reason, such LC Facility Reimbursement Obligation shall be immediately due
and payable with interest thereon at the rate specified in Section 2.13(d), and such LC Facility Issuer shall promptly notify the Revolving and LC Administrative Agent, and the Revolving and LC Administrative Agent shall
promptly notify each LC Lender of such failure, and each LC Lender shall promptly and unconditionally pay to the Revolving and LC Administrative Agent for the account of such LC Facility Issuer the amount of such LC Lender’s Ratable Portion in
Dollars (based on the Dollar Equivalent thereof if such payment was made in an Alternative Currency) and in immediately available funds. If the Revolving and LC Administrative Agent so notifies such LC Lender prior to 11:00 a.m. (New York time) on
any Business Day, such LC Lender shall make available to the Revolving and LC Administrative Agent for the account of such LC Facility Issuer its Ratable Portion of the amount of such payment on such Business Day in immediately available funds as
set forth in the immediately preceding sentence. Whenever any LC Facility Issuer receives from a Borrower a payment of a LC Facility Reimbursement Obligation as to which the Revolving and LC Administrative Agent has received for the account of such
LC Facility Issuer any payment from a LC Lender pursuant to this clause (i), such LC Facility Issuer shall pay to the Revolving and LC Administrative Agent and the Revolving and LC 

  
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Administrative Agent shall promptly pay to such LC Lender in immediately available funds, an amount equal to such LC Lender’s Ratable Portion of the amount of such payment adjusted, if
necessary, to reflect the respective amounts the LC Lenders have paid in respect of such LC Facility Reimbursement Obligation. 

(j)    Each Borrower’s obligation to pay each Reimbursement Obligation and the obligations of the Applicable Lenders
(except as otherwise set forth in the penultimate sentence of Section 2.7(b)) to make payments to the Revolving and LC Administrative Agent for the account of the Applicable Issuers with respect to Letters of Credit shall
be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement, under any and all circumstances whatsoever, including the occurrence of any Default or Event of Default, and irrespective of
any of the following: 
 (i)    any lack of validity or enforceability of any Letter of Credit or any
Loan Document, or any term or provision therein; 
 (ii)    any amendment or waiver of or any consent to
departure from all or any of the provisions of any Letter of Credit or any Loan Document; 
 (iii)    the
existence of any claim, set-off, defense or other right that the Parent, any Borrower, any other party guaranteeing, or otherwise obligated with, the Parent, any Borrower, any Subsidiary or other Affiliate
thereof or any other Person may at any time have against the beneficiary under any Letter of Credit, any Issuer, any Administrative Agent, any Lender or any other Person, whether in connection with this Agreement, any other Loan Document or any
other related or unrelated agreement or transaction; 
 (iv)    any draft or other document presented
under a 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; 

(v)    payment by the Issuer under a Letter of Credit against presentation of a draft or other document
that does not comply with the terms of such Letter of Credit; or 
 (vi)    any other act or omission to
act or delay of any kind of the Issuer, the Lenders, the Administrative Agents or any other Person or any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this
Section 2.7, constitute a legal or equitable discharge of a Borrower’s obligations hereunder. 
 Any action taken or omitted
to be taken by the relevant Issuer under or in connection with any Letter of Credit, if taken or omitted in the absence of gross negligence or willful misconduct, shall not put such Issuer under any resulting liability to a Borrower or any Lender.
In determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof, the Issuer may accept documents that appear on their 

  
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face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary and, in making any payment under any Letter of Credit, the Issuer
may rely exclusively on the documents presented to it under such Letter of Credit as to any and all matters set forth therein, including reliance on the amount of any draft presented under such Letter of Credit, whether or not the amount due to the
beneficiary thereunder equals the amount of such draft and whether or not any document presented pursuant to such Letter of Credit proves to be insufficient in any respect, if such document on its face appears to be in order, and whether or not any
other statement or any other document presented pursuant to such Letter of Credit proves to be forged or invalid or any statement therein proves to be inaccurate or untrue in any respect whatsoever. Any noncompliance in any immaterial respect of the
documents presented under such Letter of Credit with the terms thereof shall, in any case, be deemed not to constitute willful misconduct or gross negligence of the Issuer. Notwithstanding the foregoing, nothing in this clause (j) shall
be deemed to release any Issuer from liability with respect to its gross negligence or willful misconduct. 
 (k)    If
and to the extent any Lender shall not have so made its Ratable Portion of the amount of the payment required by clause (i) above available to the Revolving and LC Administrative Agent for the account of an Issuer, such Lender agrees to
pay to the Revolving and LC Administrative Agent for the account of such Issuer forthwith on demand any amount so unpaid together with interest thereon, for the first Business Day after payment was first due at the Federal Funds Rate, and thereafter
until such amount is repaid to the Revolving and LC Administrative Agent for the account of such Issuer, at the rate per annum applicable to Base Rate Loans. The failure of any Lender to make available to the Revolving and LC Administrative
Agent for the account of an Issuer its Ratable Portion of any such payment shall not relieve any other Lender of its obligation hereunder to make available to the Revolving and LC Administrative Agent for the account of such Issuer its Ratable
Portion of any payment on the date such payment is to be made, but no Lender shall be responsible for the failure of any other Lender to make available to the Revolving and LC Administrative Agent for the account of the Issuer such other
Lender’s Ratable Portion of any such payment. 
 (l)    The Revolving and LC Administrative Agent shall determine
the Dollar Equivalent of the maximum stated amount of each Letter of Credit denominated in an Alternative Currency and each obligation due with respect thereto, and a determination thereof by the Revolving and LC Administrative Agent shall be
conclusive absent manifest error. The Dollar Equivalent of each Reimbursement Obligation with respect to a drawn Letter of Credit shall be calculated on the date the Issuer pays the draw giving rise to such Reimbursement Obligation. The Revolving
and LC Administrative Agent shall determine or redetermine the Dollar Equivalent of the maximum stated amount of each Letter of Credit denominated in an Alternative Currency, as applicable, on the date of each Issuance of such Letter of Credit and
at any time, in the Revolving and LC Administrative Agent’s sole discretion. The Revolving and LC Administrative Agent may determine or redetermine the Dollar Equivalent of any Letter of Credit denominated in an Alternative Currency at any time
upon request of any Lender or Issuer. 

  
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 (m)    The Borrowers shall furnish each Administrative Agent with
(i) a copy of each Letter of Credit promptly upon the Issuance or renewal of such Letter of Credit and (ii) a copy of any amendment to such Letter of Credit promptly upon the effectiveness of such amendment. 

(n)    Notwithstanding anything in this Agreement to the contrary, no Revolving Issuer or LC Facility Issuer shall be
under any obligation to Issue any Letter of Credit if any Revolving Lender or LC Facility Lender, as applicable, is at that time a Defaulting Lender, unless such Issuer has entered into arrangements, including the delivery of cash collateral,
satisfactory to such Issuer (in its sole discretion) with the Borrowers to eliminate such Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.23(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 Revolving Letter of Credit Obligations or LC Facility Letter of Credit Obligations, as applicable, as to which such Issuer has actual
or potential Fronting Exposure, as it may elect in its sole discretion. Notwithstanding anything in this Agreement to the contrary, no Cash Secured LC Issuer shall be under any obligation to Issue any Cash Secured Letter of Credit at any time. 

Unless otherwise expressly agreed by the applicable Issuer and the applicable Borrower when a Letter of Credit is Issued (including any such agreement
applicable to an Existing Letter of Credit), (i) the rules of the ISP shall apply to each standby Letter of Credit and (ii) the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International
Chamber of Commerce at the time of Issuance shall apply to each commercial Letter of Credit. 
 Section 2.8 Reduction and Termination of the
Commitments 
 (a)    The applicable Borrower may, upon at least three Business Days’ prior notice to the
Applicable Administrative Agent, terminate in whole or reduce in part the unused portions of the LC Facility Commitments or Revolving Commitments; provided, however, that (i) each partial reduction shall be in an aggregate amount
that is an integral multiple of $5,000,000.00 and (ii) each such reduction shall be made ratably in accordance with each Lender’s LC Facility Commitment or Revolving Commitment, as applicable. A notice of termination of the LC
Facility Commitments or Revolving Commitments, as applicable, may state that such notice is conditioned upon the effectiveness of other credit facilities or other financing transactions, and if any notice so states it may be revoked by the
applicable Borrower by notice to the Applicable Administrative Agent on or prior to the date specified for the termination of the LC Facility Commitments or Revolving Commitments, as applicable, that the refinancing condition has not been met and
the termination is to be revoked (it being understood that any Term Loans outstanding at the time of such notice or drawn thereafter will, upon such revocation, be continued as Base Rate Loans and, thereafter, may be converted to Eurodollar Rate
Loans pursuant to Section 2.14). 
 (b)    The Borrowers may, upon at least three Business
Days’ prior notice to the Term Loan Administrative Agent, the Revolving and LC Administrative Agent and the Cash Secured LC Issuers (which notice the Term Loan Administrative Agent shall 

  
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promptly transmit to each of the Term Loan Lenders), without premium or penalty (except as provided in Section 2.11(b)), on any day, permanently terminate or reduce the
Cash Secured Letter of Credit Issuer Commitment in whole or in part; provided that, immediately upon any such termination or reduction, (i) the Borrowers shall prepay the Term Loans in an aggregate principal amount equal to the aggregate
amount of the Cash Secured Letter of Credit Issuer Commitment so terminated or reduced in accordance with the requirements of Section 2.11(a) and (ii) the Cash Secured Letter of Credit Outstandings with respect to each
Cash Secured LC Issuer with a Specified Cash Secured Letter of Credit Commitment shall not exceed the Specified Cash Secured Letter of Credit Commitment of such Cash Secured LC Issuer. The Borrowers shall be permitted to withdraw an amount up to the
amount of such prepayment or repayment from the Cash Secured LC Cash Collateral Account to complete such prepayment or repayment. 

(c)
    The Revolving Commitments and the LC Facility
Commitments shall automatically reduce pro rata by an amount equal to the amount by which any cash collateral posted under the terms of the Priming Credit Agreement after the repayment in full of the Term Loans (as defined in the Priming Credit
Agreement on the Amendment No. 1 Effective Date) exceeds the Revolving Exposure (as defined in the Priming Credit Agreement on the Amendment No. 1 Effective Date). The Revolving and LC Administrative Agent (i) shall calculate such pro
rata reduction using (A) the Migration Base Amount as the reduction of the LC Facility Commitments and (B) the total amount of the reduction less the Migration Base Amount as the reduction of the Revolving Commitments and (ii) shall
promptly notify each Revolving Lender and each LC Lender of the amount of its respective Commitment reduction. 

Section 2.9 Repayment of Loans 

(a)    Subject to Section 2.9(b), the Borrowers shall repay the Term Loans on March 31,
June 30, September 30 and December 31 of each year and ending with the last such day to occur prior to the Scheduled Term Maturity Date, in an aggregate principal amount for each such date equal to 0.25% of the aggregate principal
amount of the Term Loans made on the Effective Date. 
 (b)    Any voluntary or mandatory prepayments of the Term Loans
shall be applied to reduce any subsequent Installments as provided in Section 2.9(c) and Section 2.12(h), respectively. 

(c)    Prior to any repayment of any Term Loans under this Section 2.9, the Borrowers shall
select the Borrowings to be repaid and shall notify the Term Loan Administrative Agent of such selection. Each such notice shall be given in writing. Each repayment of Term Loans shall be allocated among the Term Lenders holding such Term Loans in
accordance with their applicable Ratable Portions. 
 (d)    The Borrowers promise to repay (in cash, in full and in
immediately available funds) the entire unpaid principal amount of the Term Loans and the Cash Secured Reimbursement Obligations on the Term Maturity Date (it being understood that 

  
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other provisions of this Agreement may require all or part of such Obligations to be repaid earlier). Upon the repayment of the then outstanding Term Loans on the Term Maturity Date, the Cash
Secured Letter of Credit Issuer Commitment shall be reduced to zero and the Borrowers shall be permitted to withdraw the amount deposited in the Cash Secured LC Cash Collateral Account to complete such repayment; provided that after giving
effect to such withdrawal, the Cash Secured Letter of Credit Cash Coverage Requirement shall be satisfied. 
 (e)    The
Borrowers promise to repay (in cash, in full and in immediately available funds) the entire unpaid principal amount of (i) the Revolving Loans and Revolving Reimbursement Obligations on the Revolving Termination Date (it being understood that
other provisions of this Agreement may require all or part of such Obligations to be repaid earlier). 
 (f)    The
Borrowers promise to repay (in cash, in full and in immediately available funds) the entire unpaid principal amount of the LC Facility Reimbursement Obligations on the LC Facility Maturity Date (it being understood that other provisions of this
Agreement may require all or part of such Obligations to be repaid earlier). 
 Section 2.10 Evidence of Debt 

(a)    Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing Indebtedness of
the Borrowers to such Lender resulting from each Loan of, and Reimbursement Obligations owed to, such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement.

 (b)    (i) The Revolving and LC Administrative Agent shall maintain accounts in accordance with its usual practice in
which it shall record (A) the amount of each Revolving Loan made and, if such Loan is a Eurodollar Rate Loan, the Interest Period applicable thereto, (B) the amount of any principal or interest due and payable by the Borrowers to each
Revolving Lender and LC Lender hereunder and (C) the amount of any sum received by the Revolving and LC Administrative Agent hereunder from the Borrowers, whether such sum constitutes principal or interest (and the type of Loan to which it
applies), fees, expenses or other amounts due under the Loan Documents and each Revolving Lender’s and LC Lender’s share thereof, if applicable and (ii) the Term Loan Administrative Agent shall maintain accounts in accordance with its
usual practice in which it shall record (A) the amount of each Term Loan made and, if a Eurodollar Rate Loan, the Interest Period applicable thereto, (B) the amount of any principal or interest due and payable by the Borrowers to each Term
Lender hereunder and (C) the amount of any sum received by the Term Loan Administrative Agent hereunder from the Borrowers, whether such sum constitutes principal or interest (and the type of Term Loan to which it applies), fees, expenses or
other amounts due under the Loan Documents and each Term Lender’s share thereof, if applicable. 
 (c)    The
entries made in the accounts maintained pursuant to clauses (a) and (b) above shall, to the extent permitted by applicable law, be prima facie evidence of 

  
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the existence and amounts of the obligations recorded therein; provided, however, that the failure of any Lender or any Administrative Agent to maintain such accounts or any error
therein shall not in any manner affect the obligations of the Borrowers to repay the Loans and Reimbursement Obligations in accordance with their terms. 

(d)    Notwithstanding any other provision of this Agreement, if any Term Lender or Revolving Lender requests that a
Borrower execute and deliver a promissory note or notes payable to such Lender in order to evidence the Indebtedness owing to such Lender by the Borrowers hereunder, such Borrower shall promptly execute and deliver a Note or Notes to such Lender
evidencing any Loans of such Lender, (i) in the case of Term Loans, substantially in the form of Exhibit B-1 and (iii) in the case of Revolving Loans, substantially in the form of Exhibit B-2. 
 Section 2.11 Voluntary Prepayments; Term Loan Call Protection 

(a)    Voluntary Prepayments. 

(i)    The Borrowers may, at any time, prepay the outstanding principal amount of the Term Loans in whole
or in part; provided, however, that if any prepayment of any Borrowing of Eurodollar Rate Loans is made by the Borrowers other than on the last day of an Interest Period for such Borrowing, the Borrowers shall also pay any amounts
owing pursuant to Section 2.17(e); provided, further, that each partial prepayment shall be in an aggregate principal amount that is an integral multiple of $1,000,000.00. Upon the giving of such notice of
prepayment, the principal amount of Term Loans specified to be prepaid shall become due and payable on the date specified for such prepayment; provided that a notice of prepayment of the outstanding principal amount of the Term Loans in whole
or in part may state that such notice is conditioned upon the effectiveness of other credit facilities or other financing transactions, and if any notice so states it may be revoked by the Borrowers by notice to the Term Loan Administrative Agent on
or prior to the date specified for such prepayment that the refinancing condition has not been met and the notice of such prepayment is to be revoked (it being understood that any Term Loans outstanding at the time of such notice or drawn thereafter
will, upon such revocation, be continued as Base Rate Loans and, thereafter, may be converted to Eurodollar Rate Loans pursuant to Section 2.14). All voluntary prepayments of Term Loans made hereunder shall be applied as
directed by the Borrowers, or, in the case of no direction, in direct order of maturity. 
 (ii)    The
Borrowers may, at any time, prepay the outstanding principal amount of the Revolving Loans in whole or in part; provided, however, that if any prepayment of any Borrowing of Eurodollar Rate Loans is made by the Borrowers other than on
the last day of an Interest Period for such Borrowing, the Borrowers shall also pay any amounts owing pursuant to Section 2.17(e); provided, further, that each partial prepayment shall be in an aggregate
principal amount that is an integral multiple of $1,000,000.00. Upon the giving of such notice of prepayment, the principal amount of Revolving Loans specified to be prepaid shall become due and payable on the date specified for such prepayment;
provided that 

  
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a notice of prepayment of the outstanding principal amount of the Revolving Loans in whole or in part may state that such notice is conditioned upon the effectiveness of other credit facilities
or other financing transactions, and if any notice so states it may be revoked by the Borrowers by notice to the Revolving and LC Administrative Agent on or prior to the date specified for such prepayment that the refinancing condition has not been
met and the notice of such prepayment is to be revoked (it being understood that any Revolving Loans outstanding at the time of such notice or drawn thereafter will, upon such revocation, be continued as Base Rate Loans and, thereafter, may be
converted to Eurodollar Rate Loans pursuant to Section 2.14). 
 (b)    Term Loan Call
Protection. The Borrowers will pay a prepayment premium in connection with any Repricing Event with respect to all or any portion of the Term Loans that occurs on or before the twelve month anniversary of the Effective Date (whether before or
after acceleration of the Term Loans or the commencement of any bankruptcy or insolvency proceeding), in an amount equal to 1.0% of the principal amount of the Term Loans subject to such Repricing Event. 

Section 2.12 Mandatory Prepayments  

(a)    Not later than the first Business Day following the date of receipt by the Parent or any Restricted Subsidiary of
any Net Cash Proceeds in respect of any Specified Asset Sale, the Parent shall notify each Administrative Agent of such receipt. On the third Business Day following the receipt by the Parent or any Restricted Subsidiary of any Net Cash Proceeds in
respect of any Specified Asset Sale, the Borrowers shall (i) first, prepay the Term Loans in an aggregate amount equal to the lesser of (x) such Net Cash Proceeds and (y) $750,000,000 in the aggregate under this clause (a)(i)
since the Effective Date, (ii) second, prepay the Term Loans and the Revolving Loans then outstanding on a pro rata basis (calculated using the Specified Asset Sale Adjusted Term Loan Amount in lieu of the amount of Term Loans
then outstanding and determined without giving effect to any declined prepayment by any holder of Term Loans) with such Net Cash Proceeds remaining after application in accordance with clause (a)(i), and (iii) third, to cash
collateralize outstanding Revolving Letters of Credit and LC Facility Letters of Credit, on a pro rata basis, in the manner set forth in
Section 9.3; provided that, so long as no Default or Event of Default shall have occurred and be continuing, the Parent may, with respect to any
Specified Asset Sale the Net Cash Proceeds of which do not exceed $500,000,000.00, on or prior to the date of the required prepayment, deliver to the Administrative Agents a certificate of a Responsible Officer of the Parent certifying that the
Parent intends to cause such Net Cash Proceeds (or a portion thereof specified in such certificate) to be reinvested in long-term assets that are used or useful in the business of the Parent and its Restricted Subsidiaries within 365 days after the
receipt of such Net Cash Proceeds (or, if the Parent or such Restricted Subsidiary has entered into a binding commitment with respect to any such reinvestment within such 365-day period, the date, if later,
that is 180 days after the date of such commitment) and certifying that, as of the date thereof, no Default or Event of Default has occurred and is continuing, in which case no prepayment of the Loans shall be required under this clause
(a) with respect to the amount intended to be so reinvested as set forth in such certificate; provided further that any such Net Cash Proceeds that are not

  
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so reinvested by the end of such period shall be applied to prepay the Loans promptly upon the expiration of such
period in accordance with this clause (a).9.3. 

(b)    Not later than the first Business Day following the date of receipt by the Parent or any Restricted Subsidiary, or
by any Agent as loss payee, of any Net Cash Proceeds in respect of any Insurance/Condemnation Event, the Parent shall notify each Administrative Agent of such receipt. On the third Business Day following the receipt by the Parent or any Restricted
Subsidiary, or by any Agent as loss payee, of any Net Cash Proceeds in respect of any Insurance/Condemnation Event, the Borrowers shall prepay the Term Loans and thereafter cash collateralize outstanding Revolving Letters of Credit and LC Facility
Letters of Credit in an aggregate amount equal to such Net Cash Proceeds in accordance with Section 2.12(h); provided that, so long as no Default or Event of Default shall have occurred and be continuing, the Parent
may, on or prior to the date of the required prepayment, deliver to each Administrative Agent a certificate of a Responsible Officer of the Parent certifying that the Parent intends to cause such Net Cash Proceeds (or a portion thereof specified in
such certificate) to be reinvested in long-term assets that are used or useful in the business of the Parent and its Restricted Subsidiaries (including through the repair, restoration or replacement of the damaged, destroyed or condemned assets) on
or prior to the date that is
365180
 days after the receipt of such Net Cash Proceeds (or, if the Parent or such Restricted Subsidiary has entered into a binding commitment with respect to any such reinvestment within such 365180
-day period, the date, if later, that is 18090 days after the date of such commitment), and certifying that, as of the date thereof, no Default or Event of Default has
occurred and is continuing, in which case during such period the Borrowers shall not be required to make such prepayment to the extent of the amount intended to be so reinvested as set forth in such certificate; provided further any
such Net Cash Proceeds that are not so reinvested by the end of such period shall be applied to prepay the Term Loans promptly upon the expiration of such period. 

(c)    Not later than the first Business Day following the date of receipt by the Parent or any Restricted Subsidiary of
any Net Cash Proceeds from the incurrence of any Indebtedness (including Permitted Term Refinancing Debt, but
excluding any other Indebtedness permitted to be incurred pursuant to
Section 8.1), the Parent shall notify each Administrative Agent of such receipt and the Borrowers shall prepay the Term Loans and thereafter cash collateralize outstanding Revolving Letters of Credit and LC Facility Letters
of Credit in an aggregate amount equal to such Net Cash Proceeds in accordance with Section 2.12(h). 

(d)    In the event that there shall be Consolidated Excess Cash Flow for any Fiscal Year (commencing with the Fiscal Year
ending December 31,
20182019
), the Borrowers shall, not later than March 31 of the following Fiscal Year, prepay the Term Loans and thereafter cash collateralize outstanding Revolving Letters of Credit and LC Facility Letters of Credit in accordance with
Section 2.12(h) in an aggregate principal amount equal to (i) 75% (or (A) 50% if the Secured Leverage Ratio as of the end of such
Fiscal Year shall have been equal to or less than 0.75:1.00 but greater than 0.50:1.00 or (B) 25% if the Secured Leverage Ratio as of the end of such Fiscal Year shall have been equal to or less than 0.50:1.00)75% of such Consolidated Excess Cash Flow; provided further that at the option of the Parent, any voluntary prepayments of Term Loans (including

  
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prepayments at a discount to par offered to all Lenders under the Term Facility or under any Incremental Term
Loan Facility, with credit given for the actual amount of the cash payment) made during such Fiscal Year or on or prior to March 31 of the following Fiscal Year (and without duplication in the next Fiscal Year) other than prepayments funded
with the proceeds of incurrences of Long-Term Indebtedness, shall be credited against Consolidated Excess Cash Flow prepayment obligations on a dollar-for-dollar basis
for such fiscal year (with the Secured Leverage Ratio for purposes of determining the applicable Consolidated Excess Cash Flow percentage above recalculated to give pro forma effect to any such cash pay down or reduction made during such time
period); provided, further, that at the option of the Parent, any Capital Expenditures made during such Fiscal Year or on or prior to March 31 of the following Fiscal Year (and without duplication in the next Fiscal Year) shall reduce the
calculation of Consolidated Excess Cash Flow for such Fiscal Year; provided, further, that any such Consolidated Excess Cash Flow prepayments shall be required only if the amount of prepayment exceeds $20,000,000.00.prior to the Discharge of First Priority Claims, any such payment shall only be required to the
extent of amounts not required to prepay Indebtedness under the Priming Loan Documents. 
 (e)    (i) If, at any time, the aggregate principal amount of LC
Facility Outstandings exceeds the aggregate LC Facility Commitments at such time, the Borrowers shall within one Business Day provide cash collateral in respect of the LC Facility Letter of Credit Obligations in the manner set forth in
Section 9.3 in an amount equal to 105% of such excess. 
 (ii)    (A)
If, at any time, the aggregate principal amount of Revolving Outstandings exceeds the aggregate Revolving Commitments at such time, the Borrowers shall immediately repay the Revolving Loans and Revolving Letter of Credit Obligations then outstanding
so that the amount of Revolving Outstandings does not exceed the Revolving Commitments at such time and (B) if, after giving effect to such repayment, the aggregate principal amount of Revolving Outstandings exceeds the aggregate Revolving
Commitments at such time, the Borrowers shall within one Business Day provide cash collateral in respect of the Revolving Letter of Credit Obligations in the manner set forth in Section 9.3 in an amount equal to 105% of
such excess. 
 (f)    If, at any time, the aggregate outstanding amount of all Revolving Financial Letters of Credit
exceeds the Revolving Financial Letter of Credit Sublimit, the Borrowers shall within one Business Day provide cash collateral in respect of the Revolving Letter of Credit Obligations in the manner set forth in Section 9.3
in an amount equal to 105% of such excess. 
 (g)    Prior to or concurrently with any mandatory prepayment, cash
collateralization or reduction pursuant to this Section 2.12, the Borrowers (i) shall notify each Administrative Agent of such prepayment, cash collateralization or reduction and (ii) shall deliver to each
Administrative Agent a certificate of a Responsible Officer of the Parent setting forth the calculation of the amount of the applicable prepayment, cash collateralization or reduction. Each such notice shall be irrevocable and shall specify the

  
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prepayment date and the principal amount of each Loan or Reimbursement Obligation or portion thereof to be prepaid or cash collateralized (with such specification to be in accordance with
Section 2.12(e)), or the effective date and the amount of any such reduction, as applicable, and shall be given in writing. Promptly following receipt of any such notice, the Term Loan Administrative Agent shall advise the
Lenders of the details thereof. Each mandatory prepayment of any Loans and Reimbursement Obligations under any Facility shall be allocated among the Lenders under such Facility in accordance with their applicable Ratable Portions. 

(h)    Any mandatory prepayment pursuant to clauses (b) through (d) of this
Section 2.12 shall be applied (i) first, to the Term Loans to reduce the subsequent Installments to be made pursuant to Section 2.9 with respect to the Term Loans in direct order of
maturity and (ii) second, to cash collateralize outstanding Revolving Letters of Credit and LC Facility Letters of Credit, on a pro rata basis, in the manner set forth in Section 9.3. Each holder of Term
Loans may decline all or any portion of any prepayment allocable to it pursuant to the foregoing sentence. 
 (i)    Notwithstanding any of the forgoing, mandatory prepayments of the Term Loans will not be required if and to the extent the Parent reasonably determines that any required
repatriation of funds from the Parent’s Restricted Subsidiaries in order to effect such prepayments would have a material adverse Tax or cost consequence for itself or its beneficial owners (after taking into account any Tax credits or other
benefits in connection therewith), contravene applicable law or give rise to a material risk of liability for the directors of such Subsidiaries; provided that, in any event, the Parent shall, and shall cause its Affiliates to, use commercially
reasonable efforts to eliminate such Tax effects in their reasonable control in order to make such payment; provided, further, that if a repatriation of funds to which this Section 2.12(i) previously applied can be made on a later date
without the relevant Tax consequence, cost consequence, contravention of applicable law, or risk of liability for directors, then Parent shall promptly cause such repatriation to occur and shall apply the repatriated funds to a mandatory prepayment
of the Term Loans in accordance with the other terms and conditions of this
Section 2.12.[Reserved]. 

(j)    If at any time cash deposited in the Cash Secured LC Cash Collateral Account is released from the Cash Secured LC
Cash Collateral Account, the Borrowers shall promptly prepay the Term Loans in an amount equal to the cash so released; provided that any prepayment pursuant to this clause (j) shall be applied to the Term Loans in accordance with
Section 2.9(c); provided, further, that in no event shall the Borrowers be required pursuant to this clause (j) to prepay the Term Loans pursuant to this clause (j) in an aggregate
principal amount in excess of the Specified Term Loan Amount. 

(k)  
  [Reserved]. 

(l)  
  Not later than the first Business Day following the date on which the amount by which any cash collateral posted under the
terms of the Priming Credit Agreement after the repayment in full of the Term Loans (as defined in the Priming Credit Agreement on the Amendment No. 1 Effective Date) exceeds the LC Facility Exposure (as defined in the Priming Credit Agreement
on the Amendment No. 1 

  
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Effective Date), the Borrowers shall repay the Revolving Loans in amount equal to
such excess. 
 Section 2.13 Interest 

(a)    Term Loan Rate of Interest. All Term Loans shall bear interest on the unpaid principal amount thereof from
the date such Term Loans are made until paid in full, except as provided in clause (d) below, as follows: 

(i)    if a Base Rate Loan, at a rate per annum equal to the sum of (A) the Base Rate as in
effect from time to time plus (B) 4.00%; and 
 (ii)    if a Eurodollar Rate Loan, at a rate
per annum equal to the sum of (A) the Eurodollar Rate determined for the applicable Interest Period plus (B) 5.00%. 

(b)    Other Facility Rate of Interest. All Revolving Loans and the outstanding amount of all other Obligations
(other than Reimbursement Obligations in respect of Revolving Letters of Credit, which shall bear interest as set forth in
Sections 2.7(i)(i) and (ii), and Term Loans, which shall bear interest as set forth in Section 2.13(a)) shall bear
interest, in the case of Revolving Loans, on the unpaid principal amount thereof from the date such Revolving Loans are made and, in the case of such other Obligations, from the date such other Obligations are due and payable until, in all cases,
paid in full, except as otherwise provided in clause (d) below, as follows: 

(i)    if a Base Rate Loan or such other Obligation, at a rate per annum equal to the sum of
(A) the Base Rate as in effect from time to time plus (B) the Applicable Margin for Base Rate Loans; and 

(ii)    if a Eurodollar Rate Loan, at a rate per annum equal to the sum of (A) the Eurodollar
Rate determined for the applicable Interest Period plus (B) the Applicable Margin for Eurodollar Rate Loans. 

(c)    Interest Payments. (i) Interest accrued on each Base Rate Loan shall be payable in arrears (A) on
the last Business Day of each calendar quarter and (B) if not previously paid in full, at maturity (whether by acceleration or otherwise) of such Base Rate Loan, (ii) interest accrued on each Eurodollar Rate Loan shall be payable in
arrears (A) on the last day of each Interest Period applicable to such Loan and, if such Interest Period has a duration of more than three months, on each day during such Interest Period occurring every three months from the first day of such
Interest Period, (B) upon the payment or prepayment thereof in full or in part and (C) if not previously paid in full, at maturity (whether by acceleration or otherwise) of such Eurodollar Rate Loan and (iii) interest accrued on the
amount of all other Obligations shall be payable on demand from and after the time such Obligation becomes due and payable (whether by acceleration or otherwise). 

(d)    Default Interest. Notwithstanding the rates of interest specified in clauses (a) and (b)
above or elsewhere herein, effective immediately upon the occurrence 

  
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of an Event of Default and for as long thereafter as such Event of Default shall be continuing, the interest rate otherwise in effect shall increase 2.00% per annum; provided that, the
applicable rates of interest with respect to overdue amounts other than principal shall be the rate specified in clause (b)(i) above plus 2.00% per annum. 

(e)    Additional Reserve Requirements. The Borrowers 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 Eurodollar Rate 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 other central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the Eurodollar Rate 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 in each case shall be due and payable on each date on which interest is payable on such Loan provided the Borrowers shall have received at least 10 days’ prior notice (with a copy to each
Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails to give notice 10 days prior to the relevant interest payment date, such additional interest or costs shall be due and payable 10 days from receipt of
such notice. 
 (f)    If, as a result of any restatement of or other adjustment to the Financial Statements delivered
pursuant to Section 6.1(a) or (b) (other than as a result of a change in GAAP), (i) the Leverage Ratio as calculated by the Borrowers as of any applicable date was inaccurate and (ii) a proper calculation of the
Leverage Ratio would have resulted in higher Applicable Margin for such period, the Borrowers shall immediately be obligated to pay to the Applicable Administrative Agent for the account of the Lenders or Issuers, automatically and without further
action by such Administrative Agent or any Lender or Issuer, an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such
period.    This paragraph shall not limit the rights of any Administrative Agent, any Lender or any Issuer, as the case may be, under any provision of this Agreement to payment of any Obligations hereunder at a default rate
pursuant to Section 2.13(c) or under Article IX. The Borrowers’ obligations under this paragraph shall survive the termination of this Agreement, the Commitments and the repayment of all other Obligations
hereunder. 
 Section 2.14 Conversion/Continuation Option 

(a)    The Borrowers may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans)
or any portion thereof to Eurodollar Rate Loans and (ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof
for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an 

  
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amount that is an integral multiple of $1,000,000.00. Each conversion or continuation shall be allocated among the Loans subject to such conversion or continuation of each Applicable Lender in
accordance with such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit F (a “Notice of Conversion or Continuation”) and shall be made by giving the Applicable Administrative Agent
at least three Business Days’ prior written notice specifying, in each case, (A) the amount and Type of Loans being converted or continued, (B) whether the Loans being converted or continued are Revolving Loans or Term Loans,
(C) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (D) in the case of a conversion, the date of conversion. 

(b)    The Applicable Administrative Agent shall promptly notify each Applicable Lender of its receipt of a Notice of
Conversion or Continuation and of the options selected therein. Notwithstanding the foregoing, no conversion in whole or in part of Base Rate Loans to Eurodollar Rate Loans, and no continuation in whole or in part of Eurodollar Rate Loans upon the
expiration of any applicable Interest Period, shall be permitted at any time during which (i) a Default or an Event of Default shall have occurred and be continuing or (ii) the continuation of, or conversion into, a Eurodollar Rate Loan
would violate any provision of Section 2.17. If, within the time period required under the terms of this Section 2.14, the Applicable Administrative Agent does not receive a Notice of Conversion or
Continuation from the Borrowers containing a permitted election to continue any Eurodollar Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans shall be
automatically converted to Base Rate Loans. Each Notice of Conversion or Continuation shall be irrevocable. 
 Section 2.15 Fees 

(a)    Revolving Commitment Fees. The Borrowers jointly and severally agree to pay to the Revolving and LC
Administrative Agent for the account of each Lender (except for any Defaulting Lender) a commitment fee (the “Revolving Commitment Fee”), accruing at a rate per annum equal to 0.50% on the actual daily amount by which the Revolving
Commitment of such Lender exceeds such Lender’s Revolving Exposure during the period from the Effective Date until the Revolving Termination Date, payable in arrears (i) no later than the fifth Business Day after the date on which the
Borrowers receive an invoice for the amount of the Revolving Commitment Fees due and payable for the period, and (ii) on the Revolving Termination Date. Solely for purposes of the calculations of the Revolving Commitment Fees, Swing Loans will
not be deemed a utilization of the Revolving Facility. 
 (b)    LC Facility Commitment Fees. The Borrowers
jointly and severally agree to pay to the Revolving and LC Administrative Agent for the account of each LC Lender (except for any Defaulting Lender) a commitment fee (the “LC Facility Commitment Fee”), accruing at a rate
per annum equal to 0.50% on the actual daily amount by which the LC Facility Commitment of such LC Lender exceeds such LC Lender’s Ratable Portion of the outstanding amount of the LC Facility Letter of Credit Obligations during the
period from the Effective Date until the LC Facility Termination Date, payable 

  
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in arrears (i) no later than the fifth Business Day after the date on which the Borrowers receive an invoice for the amount of the LC Facility Commitment Fees due and payable for the period,
and (ii) on the LC Facility Termination Date. 
 (c)    Letter of Credit Fees. The Borrowers jointly and
severally agree to pay the following amounts with respect to Letters of Credit issued by any Issuer: 

(i)    to the Revolving and LC Administrative Agent for the account of each Issuer of a Letter of Credit,
with respect to each Letter of Credit issued by such Issuer, an issuance fee of 0.25% per annum (“Fronting Fees”) of the daily maximum amount available to be drawn under such Letter of Credit (in the case of Letters of Credit
denominated in a currency other than Dollars, based on the Dollar Equivalent of such amount on the last Business Day of such calendar quarter), payable in arrears (A) no later than the fifth Business Day after the date on which the Borrowers
receive an invoice for the amount of the Fronting Fees due and payable for the period and (B) on the Applicable Maturity Date; 

(ii)    to the Revolving and LC Administrative Agent for the account and ratable benefit of the Applicable
Fronting Lenders (except for any Defaulting Lender that has not provided cash collateral satisfactory to the applicable Issuers pursuant to Section 2.7(n)), with respect to each Fronted Letter of Credit (but excluding that
portion of any such Letter of Credit that has been cash collateralized by the Borrowers pursuant to Section 2.7(n) as a result of any Defaulting Lender), a fee (the “Letter of Credit Participation Fee”)
accruing at a rate per annum equal to
(A: 

 

	 	(A)	 for Fronted Letters of Credit
(other than (x) Fronted Letters of Letters of Credit issued after the Amendment No. 1 Effective Date and (y) with respect to Fronted Letters of Credit outstanding on the Amendment No. 1 Effective Date (the “Existing Fronted
Letters of Credit”) the amount of any increase after the Amendment No. 1 Effective Date to the available amount to be drawn thereunder) (1) the Applicable Margin for Eurodollar Rate Loans at such time if such Letter of
Credit is a Financial Letter of Credit and (B2) 50% of the Applicable Margin for Eurodollar Rate Loans at
such time if such Letter of Credit is a Performance Letter of Credit, and 

 

	 	(B)	 (1) for Fronted Letters of
Letters of Credit issued after the Amendment No. 1 Effective Date and (2) with respect to Existing Fronted Letters of Credit, the amount of the increase to the available amount to be drawn under any Fronted Letters of Credit after the
Amendment No. 1 Effective Date, 5.00%, 

  
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in each case on the daily maximum amount available to be drawn under such Letter of Credit or the increase of the
daily maximum amount available to be drawn under such Letter of Credit, as applicable (in any case, in the case of any Fronted Letter of Credit denominated in a currency other than Dollars, based on the Dollar Equivalent of such
amount on the last Business Day of such calendar quarter) payable in arrears (x) no later than the fifth Business Day after the date on which the Borrowers receive an invoice for the amount of the Letter of Credit Participation Fees due and
payable for the period and (y) on the Applicable Maturity Date, as applicable; provided, however, that during the continuance of an Event of Default, such fee shall be increased by 2.00% per annum and shall be payable on
demand, (I) with respect to Revolving Letters of Credit, upon the election of the Requisite Revolving Lenders and (II) with respect to LC Facility Letters of Credit, upon the election of the Requisite LC Lenders (except, in each case, if
an Event of Default has occurred under Section 9.1(a) or (f), in which case such increase shall be immediate); and 

(iii)    to the Issuer of any Letter of Credit, with respect to the Issuance, amendment or transfer of each
Letter of Credit and each drawing made thereunder, documentary and processing charges in accordance with such Issuer’s standard schedule for such charges in effect at the time of Issuance, amendment, transfer or drawing, as the case may be.

 (d)    [Reserved]. 

(e)    Additional Fees. The Parent and the Borrowers have agreed to pay to the Agents, the Arrangers, the
Bookrunners, the Co-Manager and the Lenders additional fees, the amount and dates of payment of which are embodied in certain fee letters executed and delivered by the Parent or any Borrowers in connection
with this Agreement and as may otherwise have been separately agreed upon by the Parent or any Borrower in writing in connection herewith or therewith. 

(f)    Payment of Fees to Lenders. The Revolving and LC Administrative Agent hereby agrees to pay to each
Applicable Fronting Lender such Applicable Fronting Lender’s Ratable Portion of the Commitment Fees and the Letter of Credit Participation Fee, as applicable, received by the Revolving and LC Administrative Agent in its capacity as such,
promptly following receipt of each of the same from (and only to the extent each such fee is received from) the Borrowers or any other Loan Party; provided that (i) the Ratable Portion of any Commitment Fee shall be calculated without giving
effect to the Commitment of any Defaulting Lender and (ii) any Letter of Credit Participation Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which neither such Defaulting Lender nor the
Borrower has provided cash collateral satisfactory to the Issuer pursuant to Section 2.7(n) shall be payable, to the maximum extent permitted by applicable law, to the other Applicable Fronting Lenders in accordance with
the upward adjustments in their respective Ratable Portions allocable to 

  
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such Letter of Credit pursuant to Section 2.23(a)(iv), with the balance of such fee, if any, payable to the Issuer for its own account. 

Section 2.16 Payments and Computations 

(a)    The Borrowers shall make each payment hereunder (including fees and expenses) not later than 3:00 p.m. (New York
time) on the day when due, in Dollars, to the Applicable Administrative Agent at its address referred to in Section 11.8 in immediately available funds without set-off or
counterclaim. The Applicable Administrative Agent shall promptly thereafter cause to be distributed immediately available funds relating to the payment of principal, interest or fees to the applicable Lenders, in accordance with the application of
payments set forth in clauses (e) or (f) below, as applicable, for the account of their respective Applicable Lending Offices; provided, however, that amounts payable pursuant to
Section 2.18, Section 2.19 or Section 2.17(c) or (d) shall be paid only to any affected Lender and amounts payable with respect to Swing Loans shall be paid
only to the Swing Loan Lender. Payments received by any Administrative Agent after 3:00 p.m. (New York time) shall be deemed (in such Administrative Agent’s sole discretion) to be received on the next Business Day. 

(b)    All computations of interest and of fees shall be made by the Applicable Administrative Agent on the basis of the
actual number of days elapsed (in each case calculated to include the first day but exclude the last day) (i) over a year of 365 or 366 days, as the case may be, in the case of interest accruing at the Base Rate when the Base Rate is determined
by reference to the Prime Rate, and (ii) over a year of 360 days at all other times. Each determination by the Applicable Administrative Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest
error. 
 (c)    Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, the due
date for such payment shall be extended to the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be; provided, however, that if
such extension would cause payment to be made in the next calendar month, such payment shall be made on the immediately preceding Business Day. All repayments of any Loans under any Facility shall be applied as follows: first, to repay Loans
under such Facility outstanding as Base Rate Loans and then, to repay Loans under such Facility outstanding as Eurodollar Rate Loans, with those Eurodollar Rate Loans having earlier expiring Interest Periods being repaid prior to those having
later expiring Interest Periods. 
 (d)    Unless an Administrative Agent shall have received notice from the Borrowers
prior to the date on which any payment is due hereunder that the Borrowers will not make such payment in full, such Administrative Agent may assume that the Borrowers have made such payment in full to such Administrative Agent on such date and such
Administrative Agent may, in reliance upon such assumption, cause to be distributed to each applicable Lender on such due date an amount equal to the amount then due such Lender. If and to the extent that the Borrowers shall not have made such
payment in full to such Administrative Agent, each applicable Lender shall repay to such Administrative Agent forthwith on demand such amount distributed to such Lender together with interest 

  
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thereon at the Federal Funds Rate, for the first three Business Days, and, thereafter, at the rate applicable to Base Rate Loans, for each day from the date such amount is distributed to such
Lender until the date such Lender repays such amount to such Administrative Agent. 
 (e)    Subject to the provisions
of clause (f) below and the provisions of Section 2.12 with respect to the application of mandatory prepayments, all payments and any other amounts received by the Administrative Agents from or for the benefit
of any Borrower shall be applied as follows: first, to pay principal of, and interest on, any portion of the Loans an Administrative Agent may have advanced pursuant to the express provisions of this Agreement on behalf of any Lender, for
which such Administrative Agent has not been reimbursed by such Lender or the Borrowers, second, to pay all other Obligations then due and payable, and third, as the Borrowers so designate. Payments in respect of Swing Loans received
by an Administrative Agent shall be distributed to the Swing Loan Lender; payments in respect of other Loans or Reimbursement
Obligations received by any Administrative Agent shall, subject to Section 2.23, be distributed to each applicable Lender in accordance with such Lender’s Ratable Portion (calculated (i) in the case
of principal payments, without giving effect to the Commitments of any Defaulting Lender that has not fully funded its share of the Loans
or Reimbursement Obligations being repaid and (ii) in the case of interest and fee payments, without giving
effect to the Commitments of any Defaulting Lender for the amount of interest, LC Facility Commitment Fees, Revolving Commitment Fees or Letter of Credit Participation Fees payable in respect of Loans or Letter of Credit Obligations for which such
Defaulting Lender has not fully funded its share of the Loan or Letter of Credit Obligations) and as adjusted in accordance with Section 2.15(e) and Section 2.23(a)(iv). 

(f)    Each Borrower hereby irrevocably waives the right to direct the application of any and all payments in respect of
the Obligations and any net proceeds of Collateral after the occurrence and during the continuance of an Event of Default, whether from a Loan Party’s sale of Collateral or the Collateral Agent’s or any Secured Party’s receipt of
proceeds from any exercise of remedies, and each Borrower and each Lender agrees that, during such time, each Administrative Agent and the Collateral Agent may, and upon either (A) the written direction of the Requisite Lenders or (B) the
acceleration of the Obligations pursuant to Section 9.2 shall, apply all payments in respect of any Obligations and all other proceeds of Collateral, in the following order (subject to any adjustments under
Section 2.23(a)(ii)): 
 first, to pay interest on and then principal of (i) the Loans
that any Administrative Agent may have advanced on behalf of any Lender for which such Administrative Agent has not then been reimbursed by such Lender or the Borrowers and (ii) the Liquidity Reimbursement Obligations owed to any Liquidity
Issuer for which such Issuer has not then been reimbursed by any Lender or the Borrowers; 
 second, to pay
Obligations in respect of any expense reimbursements or indemnities (including fees and expenses in respect of cash 

  
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management services) then due to any Administrative Agent or the Collateral Agent; 

third, to pay Obligations in respect of any expense reimbursements or indemnities (including fees and expenses in
respect of cash management services) then due to the Lenders and the Issuers; 
 fourth, to pay Obligations in respect
of any fees then due to any Administrative Agent, the Collateral Agent, the Lenders and the Issuers; 
 fifth, to pay
interest then due and payable in respect of the Loans (ratably to the aggregate principal amount of such Loans) and Liquidity Reimbursement Obligations; and 

sixth, to pay or prepay the Loans, Liquidity Reimbursement Obligations and other Obligations including payment of
amounts owed in respect of a Revolving Lender’s participation in any Swing Loans and to provide cash collateral for outstanding Letter of Credit Undrawn Amounts in the manner described in Section 9.3, ratably to the
aggregate amount of such Loans, Liquidity Reimbursement Obligations, other Obligations and Letter of Credit Undrawn Amounts; 
 provided,
however, that if sufficient funds are not available to fund all payments to be made in respect of any Obligation described in any of clauses first through sixth above, the available funds being applied with respect to any such
Obligation (unless otherwise specified in such clause) shall be allocated to the payment of such Obligations ratably, based on the proportion of the interest of the Agent, Lender, Issuer or other Person holding such Obligations in the aggregate
outstanding Obligations described in such clauses; 
 provided, further, that with respect to the Cash Secured LC Cash Collateral Account (and
all amounts deposited therein or credited thereto), any amounts so received shall be applied: 
 first, on a pro
rata basis, to the payment of all amounts due to each Cash Secured LC Issuer under any of the Loan Documents, excluding amounts payable in connection with any Cash Secured Reimbursement Obligations; 

second, on a pro rata basis, to the payment of all amounts due to each Cash Secured LC Issuer in an amount equal
to 100% of all Cash Secured Reimbursement Obligations; 
 third, on a pro rata basis, to any Secured Party
which has theretofore advanced or paid any fees to a Cash Secured LC Issuer, other than any amounts covered by priority second, an amount equal to the amount thereof so advanced or paid by such Secured Party and for which such Secured Party has not
previously reimbursed; and 

  
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 fourth, the balance, if any, after all of the relevant Cash Secured
Reimbursement Obligations have been indefeasibly paid in full in cash, as set forth in the Collateral Agency and Intercreditor Agreement and any other applicable intercreditor agreement. 

If any Secured Party collects or receives any amounts or obtains any payment (whether voluntary, involuntary, through the exercise of any right of set-off or otherwise) on account of the Obligations to which it is not entitled under or in excess of the amount it would be entitled under this Section 2.16(f) if such payment had been
received by an Administrative Agent or the Collateral Agent, such Secured Party shall hold the same in trust for the applicable Secured Parties entitled thereto and shall forthwith deliver the same to the Collateral Agent, for the account of such
Secured Parties, to be applied in accordance with this Section 2.16(f), in each case until the prior payment in full in cash of the applicable Obligations of such Secured Parties. 

Section 2.17 Special Provisions Governing Eurodollar Rate Loans 

(a)    Determination of Interest Rate. The Eurodollar Rate for each Interest Period for Eurodollar Rate Loans shall
be determined by the Applicable Administrative Agent pursuant to the procedures set forth in the definition of “Eurodollar Rate.” An Administrative Agent’s determination shall be presumed to be correct absent manifest error and
shall be binding on the Borrowers. 
 (b)    Interest Rate Unascertainable, Inadequate or Unfair. 

(i)    If (A) an Administrative Agent determines that adequate and fair means do not exist for
ascertaining the applicable interest rates by reference to which the Eurodollar Rate then being determined is to be fixed (including, without limitation, because the LIBO Screen Rate is not available or published on a current basis) or (B) the
Applicable Requisite Lenders notify the Applicable Administrative Agent that the Eurodollar Rate for any Interest Period will not adequately reflect the cost to the Lenders of making or maintaining such Loans for such Interest Period or calendar
quarter, such Administrative Agent shall forthwith so notify the Borrowers and the Applicable Lenders, whereupon each Eurodollar Rate Loan in respect of such Facility shall automatically, on the last day of the current Interest Period for such Loan,
convert into a Base Rate Loan and the obligations of the Applicable Lenders to make Eurodollar Rate Loans or to convert Base Rate Loans into Eurodollar Rate Loans shall be suspended until such Administrative Agent shall notify the Borrowers that the
Applicable Requisite Lenders have determined that the circumstances causing such suspension no longer exist, which notice shall be given promptly following such determination. Thereafter, the Borrowers’ right to request, and the Applicable
Lenders’ obligations, if any, to make Eurodollar Rate Loans shall be restored. 
 (ii)    If at any
time an Administrative Agent determines (which determination shall be conclusive absent manifest error) that (A) the circumstances set forth in clause (b)(i)(A) or (b)(i)(B) have arisen and such circumstances are

  
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unlikely to be temporary or (B) the circumstances set forth in clause (b)(i)(A) or (b)(i)(B) have not arisen but the supervisor for the administrator of the LIBO Screen Rate or
a Governmental Authority having jurisdiction over such Administrative Agent has made a public statement identifying a specific date after which the LIBO Screen Rate shall no longer be used for determining interest rates for loans, then the
Administrative Agents and the Borrowers shall endeavor to establish an alternate rate of interest to the LIBO Rate that gives due consideration to the then prevailing market convention for determining a rate of interest for syndicated loans in the
United States at such time, and shall enter into an amendment to this Agreement to reflect such alternate rate of interest and such other related changes to this Agreement as may be applicable; provided that, if such alternate rate of
interest shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. Notwithstanding anything to the contrary in Section 11.1, such amendment shall become effective without any further
action or consent of any other party to this Agreement so long as the Administrative Agents shall not have received, within five Business Days of the date notice of such alternate rate of interest is provided to the Lenders, a written notice from
the Requisite Lenders stating that such Requisite Lenders object to such amendment. 
 (c)    Increased Costs. If
at any time any Lender or an Issuer determines that any Change in Law (including any change by way of imposition or increase of reserve requirements included in determining the Eurodollar Rate) shall (i) have the effect of increasing the cost
to such Lender or such Issuer of agreeing to make or making, funding or maintaining any Eurodollar Rate Loan, or (ii) subject any Lender or any Issuer to any Tax (except for Taxes or Other Taxes indemnifiable pursuant to
Section 2.19) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital and the result of any of the foregoing shall be to increase the cost
to such Lender or Issuer of making, continuing or maintaining any Eurodollar Rate Loan or of maintaining its obligation to make any such Eurodollar Rate Loan, or to increase the cost to such Lender or 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 of any sum received or receivable by such Lender or Issuer hereunder with respect to a Eurodollar Rate
Loan or Letter of Credit (whether of principal, interest or any other amount) then the Borrowers shall from time to time, upon demand by such Lender or such Issuer (with a copy of such demand to the Applicable Administrative Agent), pay to the
Applicable Administrative Agent for the account of such Lender or such Issuer additional amounts sufficient to compensate such Lender or such Issuer for such additional cost incurred or reduction suffered. A certificate as to the amount of such
increased cost shall be, together with supporting documents, submitted to the Borrowers and the Applicable Administrative Agent by such Lender or such Issuer and shall be conclusive and binding for all purposes, absent manifest error.
Notwithstanding the foregoing, except to the extent, if any, the change (or compliance) referred to in such certificate shall be retroactive, the Borrowers shall not be required to compensate a Lender or an Issuer pursuant to this clause
(c) for any increased costs or reduction incurred more than 180 days prior to the date of such certificate. The Borrowers shall pay such Lender or such Issuer the amount shown as due on any such certificate within 30 days after its receipt
of the same. Notwithstanding the foregoing, no Person shall be entitled to demand 

  
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compensation for any additional cost or reduction pursuant to this Section 2.17(c) if it is not the general policy or practice of such Person to demand it in similar
circumstances under comparable provisions of other credit agreements (as reasonably determined by such Person). 

(d)    Illegality. Notwithstanding any other provision of this Agreement, if any Lender determines that the
introduction of, or any change in or in the interpretation of, any law, treaty or governmental rule, regulation or order after the date of this Agreement shall make it unlawful, or any central bank or other Governmental Authority shall assert that
it is unlawful, for any Lender or its Eurodollar Lending Office to make Eurodollar Rate Loans or to continue to fund or maintain Eurodollar Rate Loans, then, on notice thereof and demand therefor by such Lender to the Borrowers through the
Applicable Administrative Agent, (i) the obligation of such Lender to make or to continue Eurodollar Rate Loans and to convert Base Rate Loans into Eurodollar Rate Loans shall be suspended, and each such Lender shall make a Base Rate Loan as
part of any requested Borrowing of Eurodollar Rate Loans and (ii) if the affected Eurodollar Rate Loans are then outstanding, the Borrowers shall immediately convert each such Loan into a Base Rate Loan. If, at any time after a Lender gives
notice under this Section 2.17(d), such Lender determines that it may lawfully make Eurodollar Rate Loans, such Lender shall promptly give notice of that determination to the Borrowers and the Applicable Administrative
Agent. The Borrowers’ right to request, and such Lender’s obligation, if any, to make Eurodollar Rate Loans shall thereupon be restored. 

(e)    Breakage Costs. In addition to all amounts required to be paid by the Borrowers pursuant to
Section 2.13, the Borrowers shall compensate each Lender, upon demand, for all losses, expenses and liabilities (including any loss or expense incurred by reason of the liquidation or reemployment of deposits or other funds
acquired by such Lender to fund or maintain such Lender’s Eurodollar Rate Loan to the Borrowers, but excluding any loss of the Applicable Margin or other profit on the relevant Loans) that such Lender may sustain (i) if for any reason a
proposed Borrowing or continuation of, or conversion into, Eurodollar Rate Loans does not occur on a date specified therefor in a Notice of Borrowing or a Notice of Conversion or Continuation given by the Borrowers or in a telephonic request by it
for borrowing or conversion or continuation or a successive Interest Period does not commence after notice therefor is given pursuant to Section 2.14, (ii) if for any reason any Eurodollar Rate Loan is prepaid by reason of
an increase or a reduction in Commitments on a date that is not the last day of the applicable Interest Period, (iii) as a consequence of a required conversion of a Eurodollar Rate Loan to a Base Rate Loan as a result of any of the events
indicated in clause (d) above, (iv) as a consequence of any failure by the Borrowers to repay Eurodollar Rate Loans when required by the terms hereof, or (v) as a consequence of the assignment of any Eurodollar Rate Loan other than
on the last day of an Interest Period therefor as a result of a request by the Borrowers pursuant to Section 2.20 or Section 11.1(c). The Lender making demand for such compensation shall deliver to
the Borrowers concurrently with such demand a written statement as to such losses, expenses and liabilities, and this statement shall be conclusive as to the amount of compensation due to such Lender, absent manifest error. 

  
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 (f)    Without prejudice to the survival of any other agreement of the
Borrowers hereunder, the agreements and obligations of the Borrowers under this Section 2.17 shall survive the termination of this Agreement, the Commitments and the repayment, and the satisfaction or discharge of the
Obligations. 
 Section 2.18 Capital Adequacy 

If at any time any Lender or any Issuer determines that any Change in Law regarding capital or liquidity requirements has or would have the
effect of reducing the rate of return on such Lender’s or such Issuer’s (or any Person controlling such Lender’s or such Issuer’s) capital as a consequence of its obligations hereunder, under or in respect of any Letter of Credit
to a level below that which such Lender or such Issuer or Person could have achieved but for such Change in Law, then, upon demand from time to time by such Lender or such Issuer, the Borrowers shall pay to the Applicable Administrative Agent for
the account of such Lender or such Issuer, from time to time as specified by such Lender or such Issuer, additional amounts sufficient to compensate such Lender or such Issuer for such reduction. A certificate as to such amounts setting forth in
reasonable detail the basis for such demand and a calculation for such amount shall be submitted to the Borrowers and the Applicable Administrative Agent by such Lender or such Issuer and shall be conclusive and binding for all purposes absent
manifest error; provided that no such certificate need disclose any information that is sensitive, confidential or legally restricted. Notwithstanding the foregoing, except to the extent, if any, the change (or compliance) referred to in any
such certificate shall be retroactive, the Borrowers shall not be required to compensate a Lender or such Issuer pursuant to this Section 2.18 for any reduction in rates of return with respect to any period prior to the
date that is 180 days prior to the date of each such certificate. Without prejudice to the survival of any other agreement of the Borrowers hereunder, the agreements and obligations of the Borrowers under this Section 2.18
shall survive the termination of this Agreement, the Commitments and the repayment, and the satisfaction or discharge of the Obligations. 

Section 2.19 Taxes  

(a)    All payments by or on account of any obligation of any Loan Party to or for the account of any Lender or Issuer or
any Administrative Agent hereunder or under each Loan Document shall be made free and clear of and without deduction or withholding for any and all 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 (“Taxes”), except pursuant to a Requirement of Law (which for purposes of this
Section 2.19 shall include FATCA). If a Withholding Agent shall be required by law (as determined in the good faith discretion of such Withholding Agent) to deduct or withhold any Taxes from or in respect of any such
payment to any Lender or the Applicable Administrative Agent then, (i) the applicable Withholding Agent shall be entitled to make such deductions or withholdings, (ii) the applicable Withholding Agent shall timely pay the full amount
withheld or deducted by it to the relevant Governmental Authority in accordance with the applicable Requirement of Law, and (iii) the applicable Withholding Agent shall furnish to such Administrative Agent (in case the applicable Withholding

  
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Agent is a Loan Party) or to the Borrowers (in case the applicable Withholding Agent is the Applicable Administrative Agent) the original or a certified copy of a receipt evidencing payment
thereof, a copy of the return reporting such payment, or other evidence of such payment reasonably satisfactory to such Administrative Agent or the Borrowers (as applicable) within 30 days after such payment is made. In addition, in the case of any
Taxes or Other Taxes (as defined below) that are, in either case, (i) deducted or withheld by a Withholding Agent pursuant to the immediately preceding sentence and (ii) not an Excluded Tax, the sum payable by the Borrowers under the
applicable Loan Document shall be increased as necessary so that after making all such required deductions or withholdings for such Taxes or Other Taxes (including deductions applicable to additional sums payable under this
Section 2.19) such Lender or such Administrative Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions or withholdings been made. 

(b)    In addition, the Borrowers shall timely pay to the relevant Government Authority any stamp, court or documentary,
intangible, recording, filing or similar Taxes (including any interest, additions to Tax or penalties applicable thereto), in each case arising from any payment made under any Loan Document or from the execution, delivery or registration of, from
the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to
Section 2.20) (“Other Taxes”) or, at the option of the Applicable Administrative Agent, timely reimburse it for the payment of Other Taxes. 

(c)    The Borrowers hereby agree to indemnify, jointly and severally, each Administrative Agent, each Issuer and each
Lender, for the full amount of Taxes (other than Excluded Taxes) imposed on or with respect to a payment made by or on account of an obligation of any Loan Party under any Loan Document or Other Taxes (including, without limitation, any Taxes or
Other Taxes imposed on amounts payable under this Section 2.19(c)) deducted or withheld by the Borrowers or paid by the Applicable Administrative Agent or such Lender and any penalties, interest and reasonable expenses
arising therefrom or with respect thereto whether or not such Taxes or Other Taxes were correctly or legally imposed or asserted. Payments due under this indemnification shall be made within 10 days of the date such Administrative Agent or such
Lender makes demand therefor. A certificate as to the amount of such payment or liability delivered to the Borrowers by a Lender or any Administrative Agent on its own behalf or on behalf of a Lender or any other Administrative Agent, shall be
conclusive absent manifest error. 
 (d)    Without prejudice to the survival of any other agreement of the Borrowers
hereunder, the agreements and obligations of the parties contained in this Section 2.19 shall survive the resignation and/or replacement of any Administrative Agent, any assignment of rights by, or the replacement of, a
Lender, the termination of this Agreement, the Commitments and the repayment, and the satisfaction or discharge of the Obligations. 

  
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(e)    
(i) Any Lender (including, solely for this purpose, each Administrative Agent and any Issuer) 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 Borrowers and the Applicable Administrative Agent, at the time or times reasonably requested by the Borrowers or the
Applicable Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrowers or such 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 Borrowers or the Applicable Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrowers or such Administrative Agent as
will enable the Borrowers or such 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 sub-clause (ii)(A), (B) or (D) below) shall not be required
if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

(ii)    Without limiting the generality of the foregoing, in the event that a Borrower is a “United
States Person” as defined in Section 7701(a)(30) of the Code, 
  

	 	(A)	 any Lender that is a United States Person shall deliver to the Borrowers and the Applicable 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 Borrowers or such Administrative Agent), properly completed and executed copies of IRS Form
W-9 certifying that such Lender is exempt from U.S. federal backup withholding Tax; 

  

	 	(B)	 any non-U.S. Lender shall, to the extent it is legally entitled to do
so, deliver to the Borrowers and the Applicable Administrative Agent (in such number of copies as shall be requested by the applicable recipient) on or prior to the date on which such non-U.S. Lender becomes a
Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrowers or such Administrative Agent), whichever of the following is applicable: 

 

	 	(1)	 in the case of a non-U.S. 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, properly completed and executed copies of IRS Form
W-8BEN-E or IRS Form W-8BEN, as applicable, 

  
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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, properly completed and executed copies of IRS Form W-8BEN-E or IRS Form W-8BEN, as applicable,
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)	 properly completed and executed copies of IRS Form W-8ECI;

  

	 	(3)	 in the case of a non-U.S. 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 J-1 to the effect that such non-U.S.
Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of any 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) properly completed and executed copies of IRS Form W-8BEN-E or IRS Form W-8BEN, as applicable; or 

  

	 	(4)	 to the extent a non-U.S. Lender is not the beneficial owner, properly
completed and executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form
W-8BEN-E or IRS Form W-8BEN, as applicable, a U.S. Tax Compliance Certificate substantially in the form of Exhibit J-2 or Exhibit J-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable;
provided that if the non-U.S. Lender is a partnership and one or more direct or indirect partners of such non-U.S. Lender are claiming the portfolio interest
exemption, such non-U.S. Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit J-4 on behalf of each such direct and
indirect partner; 

  

	 	(C)	 any non-U.S. Lender shall, to the extent it is legally entitled to do
so, deliver to the Borrowers and the Applicable Administrative Agent (in such number of copies as shall be 

  
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requested by the recipient) on or prior to the date on which such non-U.S. Lender becomes a Lender under this Agreement (and from time to time thereafter
upon the reasonable request of the Borrowers or such Administrative Agent), executed copies 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 Borrowers or such Administrative Agent to determine the withholding or deduction required to be made. 

 

	 	(D)	 If a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed
by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrowers and the
Applicable Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrowers or such 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 Borrowers or such Administrative Agent as may be necessary for the Borrowers and such Administrative Agent to comply with their obligations
under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this
sub-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 Borrowers and the Applicable Administrative Agent in writing of its legal inability to do so. 

(f)    If any Lender, Issuer or the Applicable Administrative Agent receives a refund (or a credit claimed in lieu of a
refund) in respect of any Taxes or Other Taxes as to which it has received a payment from or has been indemnified by a Loan Party pursuant to this Section 2.19 or a similar provision of any Loan Document, which refund or
credit in solely the good faith judgment of such Lender or Issuer or such Administrative Agent, as the case may be, is attributable to such payment or indemnification made by the Loan Party or the associated Tax or Other Tax, it shall notify the
Borrowers of such receipt and shall, within 30 days after the later of the receipt of a written request by the Borrowers 

  
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or the receipt or application of such refund or credit (unless such Lender reasonably expects that it shall be required to repay such refund or credit to the relevant Governmental Authority), pay
the amount of such refund or credit to the Borrowers, net of all out-of-pocket expenses of such Lender and Taxes imposed on the Lender or Issuer or an Administrative Agent with respect to such amounts, without interest thereon and subject to
Section 11.6; provided, however, that the Borrowers jointly and severally agree to return such refund or credit paid by the Lender, Issuer or the Applicable Administrative Agent pursuant to this paragraph (f)
(plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to such Lender or Issuer or such Administrative Agent within 30 days after receipt of written notice in the event that such Lender or Issuer or such
Administrative Agent is required to repay such refund or credit to the relevant Governmental Authority. Notwithstanding anything to the contrary in this paragraph (f), in no event will a Lender or Issuer or the Applicable Administrative Agent
be required to pay any amount to any Loan Party pursuant to this paragraph (f) the payment of which would place the Lender or Issuer or such Administrative Agent in a less favorable net after-Tax
position than the Lender or Issuer or such Administrative Agent would have been in if the Tax subject to indemnification and giving rise to such refund or credit had not been deducted, withheld or otherwise imposed and the indemnification payments
or additional amounts with respect to such Tax had never been paid. Nothing contained in this Section 2.19 shall require any Lender or the Applicable Administrative Agent to make available to any Loan Party any Tax Return
or any other document containing information that it deems to be confidential. 
 Section 2.20 Substitution of Lenders 

If (a)(i) any Lender makes a claim under Section 2.17(c) or 2.18, (ii) it becomes illegal for any Lender to
continue to fund or make any Eurodollar Rate Loan and such Lender notifies the Borrowers pursuant to Section 2.17(d), (iii) the Borrowers are required to make any payment pursuant to Section 2.19
that is attributable to a particular Lender, or (iv) any Liquidity Lender becomes a Defaulting Lender, (b) in the case of clause (a)(i) above, as a consequence of increased costs in respect of which such claim is made, the effective
rate of interest payable to such Lender under this Agreement with respect to its Loans exceeds the effective average rate of interest payable to the Applicable Requisite Lenders under this Agreement, and (c) in the case of clauses (a)(i)
and (ii) above, (i) if such Lender is a Term Lender, Applicable Lenders holding at least 75% of the outstanding Term Loans are not subject to such increased costs or illegality, payment or proceedings and (ii) if such Lender is not
a Term Lender, Applicable Lenders holding at least 75% of the Applicable Commitments are not subject to such increased costs or illegality, payment or proceedings (any such Lender, an “Affected Lender”), the Borrowers may, at
Borrowers’ sole effort and expense, substitute another financial institution for such Affected Lender hereunder, upon reasonable prior written notice (which written notice must be given within 90 days following the notification to the Borrowers
of any applicable event described in clauses (a)(i), (ii), (iii) or (iv) above) by the Borrowers to each Administrative Agent and the Affected Lender that the Borrowers intend to make such substitution. A substitute
financial institution (x) must be an Eligible Assignee and (y) if not already a Lender in respect of such Facility, must be acceptable to each Administrative Agent and each Applicable Issuer (each such consent not to be unreasonably
withheld, conditioned or 

  
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delayed); provided, however, that, if more than one Lender claims increased costs, illegality or right to payment arising from the same act or condition and such claims are received
by the Borrowers within 30 days of each other, then the Borrowers may substitute all, but not (except to the extent the Borrowers have already substituted one of such Affected Lenders before the Borrowers’ receipt of the other Affected
Lenders’ claim) less than all, Lenders making such claims. If the proposed substitute financial institution or other entity meets the conditions set forth in clauses (x) and (y) above and the written notice was properly
issued under this Section 2.20, the Affected Lender shall sell and the substitute financial institution or other entity shall purchase, at par plus accrued interest and Letter of Credit Participation Fees, all rights and
claims of such Affected Lender under the Loan Documents and such substitute financial institution or other entity shall assume, and the Affected Lender shall be relieved of, its Applicable Commitments and all other prior unperformed obligations of
the Affected Lender under the Loan Documents (other than in respect of any damages (other than exemplary or punitive damages, to the extent permitted by applicable law) in respect of any such unperformed obligations). Such Affected Lender, upon the
effectiveness of such sale, purchase and assumption (that, in any event shall be conditioned upon the payment in full by the Borrowers in cash of all fees, unreimbursed costs and expenses and indemnities accrued and unpaid through such effective
date to such Affected Lender), the substitute financial institution or other entity shall become a “Lender” hereunder in respect of the applicable Facility for all purposes of this Agreement (x) having a Commitment in the amount of
such Affected Lender’s Commitment assumed by it (if any) and such Commitment of the Affected Lender shall be terminated and (y) holding the amount of Applicable Loans and Reimbursement Obligations held by the Affected Lender;
provided, however, that all indemnities under the Loan Documents shall continue in favor of such Affected Lender. Such Affected Lender shall execute and deliver to the Applicable Administrative Agent an Assignment and Acceptance to
evidence such transfer; provided, however, that the failure of the Affected Lender to execute and deliver such Assignment and Acceptance shall not invalidate such assignment, and such Assignment and Acceptance shall be deemed to be
executed and delivered upon receipt by such Affected Lender of such payment in full. 
 Section 2.21 Mitigation 

If any Lender requests compensation under Section 2.17(c), or requires the Borrowers to pay any Taxes or additional
amounts to any Lender, any Administrative Agent or any Governmental Authority for the account of any Lender pursuant to Section 2.19, then such Lender shall (at the request of the Borrowers) use reasonable efforts to
designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 2.17(c) or 2.19, as the case may be, in the future, and (ii) would not subject such Lender to any unreimbursed cost or expense and would not
otherwise be disadvantageous to such Lender. The Borrowers hereby agree to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

  
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 Section 2.22 Cash Collateral 

(a)    Certain Credit Support Events. At any time that there shall exist a Defaulting Lender, promptly (but in any
event within five Business Days) after the request of any Administrative Agent or any Liquidity Issuer or the Swing Loan Lender, the Borrowers shall deliver to the Collateral Agent cash collateral in an amount sufficient to cover all Fronting
Exposure (after giving effect to Section 2.23(a)(iv) and any cash collateral provided by the Defaulting Lender). 

(b)    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 the Collateral Agent (including, in the case of cash collateral provided pursuant to Section 9.3, the Cash Collateral Account). To the extent provided by the
Borrowers, the Borrowers, and to the extent provided by any Lender, such Lender, hereby grants to (and subjects to the control of) the Collateral Agent, for the benefit of the Collateral Agent, the Administrative Agent, the Liquidity Issuers and the Liquidity Lenders, a security interest in all such cash,
deposit accounts and all balances therein, and in all proceeds of the foregoing, and to maintain such security interest as a first-priority security interest, all as security for the obligations to which such cash collateral may be applied pursuant
to clause (c) below. If at any time the Collateral Agent determines that cash collateral is subject to any right or claim of any Person other than the Collateral Agent as herein provided, or that the total amount of such cash collateral
is less than the applicable Fronting Exposure and other obligations secured thereby, the Borrowers or the relevant Defaulting Lender will, promptly (but in any event within 5 Business Days) after demand by the Collateral Agent, pay or provide to the
Collateral Agent additional cash collateral in an amount sufficient to eliminate such deficiency. 

(c)    Application. Notwithstanding anything to the contrary contained in this Agreement, cash collateral provided
under this Section 2.22 or Section 2.3, Section 2.4, Section 2.5, Section 2.7, Section 2.12,
Section 2.16, Section 2.23, or Section 9.3 in respect of Letters of Credit or Swing Loans shall be held and applied to the satisfaction of the specific Letter of Credit
Obligations, Swing 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 such cash collateral was so provided,
prior to any other application of such property as may be provided for herein. 
 (d)    Release. Cash collateral
(or the appropriate portion thereof) provided to reduce Fronting Exposure or 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 Lender (or, as appropriate, its assignee following compliance with Section 11.2(b)(iv)) or (ii) the Collateral Agent’s good faith determination that there exists
excess cash collateral; provided, however, that (x) 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 2.22 may be otherwise applied in accordance with Section 2.16(e) and (f), and (y) the Person providing cash collateral and the relevant Issuer

  
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or Swing Loan Lender, as applicable may agree that cash collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations. 

Section 2.23 Defaulting Lenders 

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

(i)    Waivers and Amendments. Each Lender hereby agrees that notwithstanding anything to the
contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and each Lender hereby agrees that 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 Lenders other than Defaulting Lenders), except as provided in the last sentence of Section 11.1(a). 

(ii)    Reallocation of Payments. Any payment of principal, interest, fees or other amounts received
by any Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 2.12 or otherwise, and including any amounts made available to such Administrative
Agent by the Defaulting Lender pursuant to Section 11.6), shall be applied at such time or times as may be determined by such Administrative Agent as follows: 

first, to the payment of any amounts owing by that Defaulting Lender to an Administrative Agent hereunder; 

second, to the payment on a pro rata basis of any amounts owing by that Defaulting Lender to a Liquidity Issuer
or Swing Loan Lender hereunder; 
 third, if so determined by the Revolving and LC Administrative Agent or requested
by a Liquidity Issuer or the Swing Loan Lender, to be held as cash collateral for future funding obligations of that Defaulting Lender of any participation in any Swing Loan or Liquidity Letter of Credit; 

fourth, as the Borrowers may request (so long as no Default or Event of Default exists), to the funding of any Loan in
respect of which that Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Revolving and LC Administrative Agent; 

fifth, if so determined by the Revolving and LC Administrative Agent and the Borrowers, to be held in a deposit account
and released in order to satisfy obligations of that Defaulting Lender to fund Loans under this Agreement; 
 sixth,
to the payment of any amounts owing to the other Liquidity Lenders or Liquidity Issuers or the Swing Loan Lender as a result of any judgment 

  
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of a court of competent jurisdiction obtained by any Liquidity Lender or any Liquidity Issuer or the Swing Loan Lender against that Defaulting Lender as a result of that Defaulting Lender’s
breach of its obligations under this Agreement; 
 seventh, so long as no Default or Event of Default exists, to the
payment of any amounts owing to the Borrowers as a result of any judgment of a court of competent jurisdiction obtained by the Borrowers against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this
Agreement; and 
 eighth, to that Defaulting Lender or as otherwise directed by a court of competent jurisdiction;
provided that if (x) such payment is a payment of the principal amount of any Loans or Liquidity Reimbursement Obligations in respect of which that Defaulting Lender has not fully funded its appropriate share and (y) such Loans or
Liquidity Reimbursement Obligations were made at a time when the conditions set forth in Section 3.3 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and the Liquidity Reimbursement
Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or Liquidity Reimbursement Obligations owed to, that Defaulting Lender. 

Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a
Defaulting Lender or to post cash collateral pursuant to this Section 2.23(a)(ii) shall be deemed paid to and redirected by that Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii)    Certain Fees. (x) No Defaulting Lender shall be entitled to receive any Commitment Fee
for any period during which that Lender is a Defaulting Lender (and the Borrowers shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender) and (y) each Defaulting Lender
shall be limited in its right to receive Letter of Credit Participation Fees as provided in Section 2.15(c)(ii). 

(iv)    Reallocation of Ratable Portions to Reduce Fronting Exposure. During any period in
which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each Non-Defaulting Lender to acquire, refinance or fund participations in Liquidity Letters of Credit or Swing
Loans pursuant to Section 2.7, the “Ratable Portion” of each Non-Defaulting Lender shall be computed without giving effect to the Commitment of that Defaulting Lender;
provided that, (i) each such reallocation shall be given effect only if, at the date the Lender becomes a Defaulting Lender, no Default or Event of Default exists; and (ii) the aggregate obligation of a Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and, in the case of Revolving Lenders, Swing Loans shall not exceed the positive difference, if any, of (1) the Applicable
Commitments of that Non-Defaulting Lender minus (2) the aggregate Applicable Outstandings of that Lender. 

  
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 (b)    Defaulting Lender Cure. If the Borrowers, the Revolving
and LC Administrative Agent, the Swing Loan Lender and each Issuer agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Revolving and LC Administrative Agent will so notify the
Borrowers, the Liquidity Lenders and the Liquidity Issuers, 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 that portion of outstanding Loans and Letter of Credit Obligations of the other Lenders and take such other actions as the Revolving and LC Administrative Agent may determine to be necessary to cause the
Loans, Letter of Credit Obligations and participations in Letters of Credit and Swing Loans to be held on a pro rata basis by the Lenders in accordance with their Ratable Portions (without giving effect to clause (a)(iv) above),
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 Borrowers 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 Non-Defaulting Lender and 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. 

(c)    Replacement of Defaulting Lenders. If any Lender is a Defaulting Lender, then the Borrowers may, at their
sole expense and effort, upon notice to such Lender and the Revolving and LC Administrative Agent, require such Lender to be replaced in accordance with Section 2.20. 

Section 2.24 Incremental Facility Commitments 

(a)    From time to time, following the Effective Date and prior to the Applicable Maturity Date, the Borrowers may by
written notice to the Applicable Administrative Agent request (i) one or more increases to the existing Revolving Commitments (any such increase, an “Incremental Revolving Facility” and, any additional Revolving Commitments
provided pursuant to any Incremental Revolving Facility, a “New Revolving Commitment”) and (ii) to incur incremental commitments consisting of one or more increases to the Term Facility (an “Incremental Term
Facility” and, any additional Term Commitment provided pursuant to any Incremental Term Facility, a “New Term Commitment”) and/or incremental term loan facilities under the Loan Documents (each such incurrence, together
with each Incremental Term Facility, an “Incremental Term Loan Facility”) in an aggregate amount since the Effective Date not to exceed the Available Incremental Amount. 

(b)    From time to time, following the Effective Date and prior to the LC Facility Termination Date, the Borrowers may by
written notice to the Revolving and LC Administrative Agent request to incur incremental commitments consisting of one or more increases to the LC Facility (each, an “Incremental LC Facility”, and any additional LC Facility
Commitment provided pursuant to any Incremental LC Facility, a “New LC Facility Commitment”) in an aggregate amount since the Effective Date not to exceed the Available Floating LC Amount. 

  
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 (c)    Each notice described in
Section 2.24(a) or (b) shall specify (i) the date (each, an “Increased Amount Date”) on which the Borrowers propose that the applicable Incremental Facility shall be effective, which shall
be a date not less than 10 Business Days after the date on which such notice is delivered to the Applicable Administrative Agent and (ii) the identity of each Lender or other Person that is an Eligible Assignee (each such other Person, a
“New Lender”) to whom the Borrowers propose any portion of such Incremental Facility be allocated and the amounts of such allocations; provided that such Administrative Agent may elect or decline to arrange such Incremental
Facility in its sole discretion and any Lender approached to provide all or a portion of the Incremental Facility may elect or decline, in its sole discretion, to provide an additional Term Commitment or increase its existing Revolving Commitment,
or LC Facility Commitment, as applicable, by providing a New Incremental Commitment. 
 (d)    Such New Incremental
Commitments shall become effective, as of such Increased Amount Date; provided that: 
 (i)    no
Default or Event of Default shall exist on such Increased Amount Date before or after giving effect to such Incremental Facility; 

(ii)    the representations and warranties set forth in Article IV and in the other Loan Documents
that have no materiality or Material Adverse Effect qualification shall be true and correct in all material respects and the representations and warranties set forth in Article IV and in the other Loan Documents that have a materiality or
Material Adverse Effect qualification shall be true and correct in all respects, in each case with the same effect as though made on and as of the Increased Amount Date or, to the extent such representations and warranties expressly relate to an
earlier date, as of such earlier date; 
 (iii)    the Borrower shall be in compliance with each of the
covenants set forth in Article V on a pro forma basis on the date of incurrence and for the most recent determination period after giving effect to such Incremental Facility (assuming that all commitments under any Incremental Revolving
Facility, as applicable, were fully drawn); 
 (iv)    in the case of an Incremental Term Loan Facility:

  

	 	(A)	 the yield (as reasonably determined by the Term Loan Administrative Agent taking into account interest margins,
minimum Eurodollar Rate, minimum Base Rate, upfront fees and original issue discount on such Term Loans with upfront fees and original issue discount equated to interest margins based on assumed four-year life-to-maturity but excluding customary arrangement, syndication and commitment fees that are not shared generally with the Lenders) applicable to such Incremental Term Loan Facility will not be more than 50
basis points above the yield for the Term Facility (as reasonably determined by the Term Loan 

  
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Administrative Agent consistent with the above (but including only those upfront fees or original issue discount paid generally to all of the Lenders under the Term Facility at the time of the
incurrence of the Term Facility)) unless the yield with respect to the Term Facility is increased by an amount equal to the difference between the yield with respect to such Incremental Term Loan Facility less 50 basis points and the yield for the
Term Facility; 

  

	 	(B)	 the maturity date applicable to such Incremental Term Loan Facility that is secured on a pari passu
basis with the Term Facility will not be earlier than the latest maturity date of the Senior Credit Facilities at the time of incurrence of such Incremental Term Loan Facility; 

 

	 	(C)	 if such Incremental Term Loan Facility is secured on junior basis or is unsecured, the maturity date applicable
thereto will not be earlier than 91 days after the latest maturity date of the Senior Credit Facilities; 

  

	 	(D)	 the weighted average life to maturity of such Incremental Term Loan Facility will not be shorter than the
weighted average life to maturity of the Senior Credit Facilities at the time of incurrence of such Incremental Term Loan Facility; 

  

	 	(E)	 if such Incremental Term Loan Facility is secured, it shall be secured on a pari passu or junior basis
with the Senior Credit Facilities pursuant to an Intercreditor Agreement unless the obligations under such Incremental Term Facility constitute “Obligations” hereunder; and 

 

	 	(F)	 all other terms of such Incremental Term Loan Facility, if not consistent with the terms of the Term Facility,
will be as agreed upon between the Borrowers and the Lenders providing such Incremental Term Loan Facility and will be reasonably acceptable to the Term Loan Administrative Agent, except that such other terms may not be more restrictive to the
Parent and the other Loan Parties, taken as a whole, than those applicable to the Term Facility, unless such more restrictive terms (1) are also added for the benefit of the corresponding existing Lenders, (2) are applicable only after the
latest maturity date of the Senior Credit Facilities or (3) are otherwise reasonably satisfactory in all respects to the Term Loan Administrative Agent; 

(v)    each New Revolving Commitment and each New LC Facility Commitment shall be effected pursuant to an
increase and joinder 

  
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agreement (an “Increase and Joinder Agreement”) in form and substance acceptable to the Applicable Administrative Agent and the applicable Issuer in its reasonable discretion,
which Increase and Joinder Agreement may provide for an increase in the Applicable Margin applicable to all relevant Obligations, executed and delivered by the Borrowers, any existing Lender providing a New Incremental Commitment, any New Lender
providing a New Incremental Commitment and such Administrative Agent (and, to the extent required, each applicable Issuer), and which shall be recorded in the Register, and each New Lender shall be subject to the requirements set forth in
Section 2.17(e) and (f); 
 (vi)    each New Term Commitment and each
Incremental Term Loan Facility shall be effected pursuant to an Increase and Joinder Agreement in form and substance acceptable to the Applicable Administrative Agent in its reasonable discretion, which Increase and Joinder Agreement may provide for
an increase in the rate of interest applicable to all Term Loans, executed and delivered by the Borrowers, any existing Lender providing a New Incremental Commitment, any New Lender providing a New Incremental Commitment and such Administrative
Agent, and which shall be recorded in the Register, and each New Lender shall be subject to the requirements set forth in Section 2.17(e) and (f); 

(vii)    the Borrowers shall deliver or cause to be delivered any legal opinions or other documents
reasonably requested by either Administrative Agent in connection with any such Incremental Facility or Letter of Credit Commitment Increase; and 

(viii)    the Borrowers shall make any payments required pursuant to and in accordance with
Section 2.16(e) in connection with the New Incremental Commitments. 
 Notwithstanding anything herein to the contrary, each
applicable Issuer shall have approved the Incremental Revolving Facility allocated to each existing Lender and the New Incremental Commitments allocated to each New Lender (such approval not to be unreasonably withheld, delayed or conditioned). 

(e)    On the Increased Amount Date, subject to the satisfaction of the foregoing terms and conditions, (i) each of
the existing Lenders shall assign to each of the New Lenders, and each of the New Lenders shall purchase from each of the existing Lenders, at the principal amount thereof (together with accrued interest), such interests in the Loans and Letter of
Credit Obligations outstanding on such Increased Amount Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Loans and Letter of Credit Obligations will be held by existing Lenders and New Lenders
ratably in accordance with their applicable Commitments after giving effect to the applicable Incremental Facility or Incremental LC Facility, as applicable, (ii) each New Incremental Commitment and New LC Facility Commitment shall be deemed
for all purposes a Commitment, (iii) each New Lender shall become a Lender with respect to its New Incremental Commitment or New LC Facility Commitment, as applicable, and all matters relating thereto and all other matters under this
Agreement, and (iv) the Applicable 

  
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Administrative Agent shall notify the Lenders (including any New Lenders) of the effectiveness of the applicable Incremental Facility or Incremental LC Facility, as applicable, and each
Lender’s interests in the outstanding Loans and Letter of Credit Obligations after giving effect to the assignments contemplated by this Section 2.24. 

(f)    Except as expressly contemplated in this Section 2.24, the terms and provisions of the
New Incremental Commitments shall be identical to the existing Applicable Commitments. 
 (g)    Each Increase and
Joinder Agreement may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Applicable Administrative Agent to effect the provision
of this Section 2.24. 
 Section 2.25 Extension
Offers 

(a)    The Borrowers may on one or more
occasions, by written notice to the Administrative Agents, make one or more offers (each, an “Extension Offer”) to all the Lenders in respect of a Facility, on the same terms and conditions to each such Lender, to make one or more
Extension Permitted Amendments pursuant to procedures reasonably specified by the Applicable Administrative Agent and reasonably acceptable to the Borrowers. Such notice shall set forth (i) the terms and conditions of the requested Extension
Permitted Amendment and (ii) the date on which such Extension Permitted Amendment is requested to become effective (which shall not be less than 10 Business Days nor more than 30 Business Days after the date of such notice, unless otherwise
agreed to by the Applicable Administrative Agent). Extension Permitted Amendments shall become effective only with respect to the Loans and Commitments of the Lenders that accept the applicable Extension Offer (such Lenders, the “Extending
Lenders”) and, in the case of any Extending Lender, only with respect to such Lender’s Loans and Commitments as to which such Lender’s acceptance has been made.  

(b)    An Extension Permitted Amendment
shall be effected pursuant to an Extension Agreement executed and delivered by the Parent, each Borrower, each applicable Extending Lender and the Applicable Administrative Agent; provided that no Extension Permitted Amendment shall become effective
unless (i) the conditions set forth in Section 3.3(b) shall have been satisfied or waived with respect to such Extension Permitted Amendment before and after giving effect to such Extension Permitted Amendment and (ii) the Parent and
the Borrowers shall have delivered to the Administrative Agents such legal opinions, board resolutions, officer’s certificates and other documents as shall reasonably be requested by either Administrative Agent in connection therewith. The
Applicable Administrative Agent shall promptly notify each Applicable Lender as to the effectiveness of each Extension Agreement. Each Extension Agreement may, without the consent of any Lender other than the applicable Extending Lenders, effect
such amendments to this Agreement and the other Loan Document as may be necessary or appropriate, in the opinion of the Administrative Agents, to give effect to the provisions of this Section 2.25, including any amendments necessary to treat
the 

  
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applicable Loans and/or Commitments of the Extending Lenders as a new “Class” of loans and/or
commitments hereunder. 
 ARTICLE III 

CONDITIONS TO LOANS AND LETTERS OF
CREDIT 
 Section 3.1 Conditions Precedent to Execution 

The effectiveness of this Agreement and the occurrence of the Execution Date shall occur on the date on which the Administrative Agents shall
have received this Agreement (other than any Schedule referenced in Section 3.2(q)), executed and delivered by each of the parties hereto, other than the Term Lenders and the Term Loan Administrative Agent (such date, the
“Execution Date”). 
 Section 3.2 Conditions Precedent to Effectiveness 

The obligation of the Lenders to make the Loans and the obligation of each Issuer to Issue Letters of Credit shall not become effective until
the date on or after the Execution Date and on or before June 18, 2018 (the “Outside Date”) which all of the following conditions precedent are satisfied or duly waived by the Lenders, the Issuers and the Agents (such date, the
“Effective Date”): 
 (a)    Deliveries at Effective Date. The Administrative Agents shall have
received (i) if requested by any Lender, promissory notes substantially in the form of Exhibit B, each executed and delivered by a Responsible Officer of each Borrower, (ii) the Guaranty Agreement, in form and substance reasonably
satisfactory to the Administrative Agents, executed and delivered by a Responsible Officer of each Person listed on Schedule V hereto and (iii) each of the other documents listed on Part I of Schedule 3.2 hereto, each
in form and substance reasonably satisfactory to each Administrative Agent, executed and delivered by a Responsible Officer of the Loan Parties party thereto. 

(b)    Financial Statements. Each Administrative Agent shall have received, for delivery to the Applicable Lenders,
(i) the Closing Date Financial Statements and (ii) the Pro Forma Financials. 
 (c)    Legal Opinions.
Each Administrative Agent shall have received, on behalf of itself, the Collateral Agent, the Lenders and the Issuers, favorable written opinions, each in form and substance reasonably satisfactory to each Administrative Agent, of (a) Baker
Botts L.L.P., counsel to the Loan Parties on the Effective Date, (b) John M. Freeman, General Counsel of the Parent, (c) Arias Fabrega & Fabrega, special Panamanian counsel to certain of the Loan Parties, (d) NautaDutilh New
York P.C., special Dutch counsel to certain of the Loan Parties and (e) each other special and local counsel set forth on Part II of Schedule 3.2, in each case dated as of the Effective Date and addressed to each Administrative
Agent, the Collateral Agent, the Lenders and the Issuers and addressing such other matters any Administrative Agent may reasonably request. 

  
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 (d)    Certificates. Each Administrative Agent shall have
received (i) a copy of the certificate or articles of incorporation or other formation documents, including all amendments thereto, of each Person listed on Schedule V hereto, certified, in the case of Loan Parties incorporated in the
United States, as of a recent date by the appropriate governmental authority of the jurisdiction of its organization, and a certificate as to the good standing (if applicable in such jurisdiction) of each Loan Party from such governmental authority;
(ii) a certificate of an Authorized Officer, the Secretary or the Assistant Secretary of such Loan Party and with respect to a Dutch Loan Party, by an authorized representative of such Dutch Loan Party, dated the Effective Date and certifying
(A) that attached thereto is a true and complete copy of the by-laws or similar document of such Loan Party as in effect on the Effective Date and at all times since a date prior to the date of the
resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the board of directors (or similar governing body) of such Loan Party authorizing the execution, delivery and
performance of the Loan Documents to which such Person is a party and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation or other formation
documents of such Loan Party have not been amended since the date of the last amendment thereto furnished pursuant to clause (i) above and (D) as to the incumbency and specimen signature of each officer executing any Loan Document
or any other document delivered in connection herewith on behalf of such Loan Party and (iii) a certificate of another officer as to the incumbency and specimen signature of the Authorized Officer, or authorized representative in the case of a
Dutch Loan Party, executing the certificate pursuant to clause (ii) above. 
 (e)    No CBI Material
Adverse Effect. Except (i) as set forth in the Comet Disclosure Letter (as defined in the Business Combination Agreement) and making reference to the particular subsection of the Business Combination Agreement to which exception is being
taken, subject to Section 10.13 of the Business Combination Agreement or (ii) as disclosed in the Comet Reports (as defined in the Business Combination Agreement), filed with the Securities & Exchange Commission after
December 31, 2016 and prior to December 18, 2017 (excluding any disclosures in such Comet Reports in any risk factors section or in any section related to forward-looking statements, since December 31, 2016 there shall not have been
any CBI Material Adverse Effect or any event, occurrence, change, discovery or development of a state of circumstances or facts which would, individually or in the aggregate, reasonably be expected to result in a CBI Material Adverse Effect;
provided that notwithstanding the foregoing, in no event shall any change, event or occurrence, state of facts or development that occurs due to the proposed consummation of the Transactions or the identity of the Parent constitute a CBI
Material Adverse Effect. 
 (f)    Existing Parent Credit Agreement. All indebtedness of, and letters of credit
issued on behalf of, the Parent under (A) the Existing Parent Credit Agreement and (B) the Indenture, dated April 16, 2014, between the Company and Wells Fargo Bank, National Association, as trustee, pursuant to which the Parent
issued $500 million in aggregate principal amount of 8.00% Senior Secured Notes due 2021, shall, upon the initial Borrowings under the Senior Credit Facilities have been, or will be substantially simultaneously, repaid, redeemed, defeased,
discharged or (in the case of outstanding 

  
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letters of credit) replaced, backstopped or cash collateralized in a manner satisfactory to the issuer thereof, and any liens securing such indebtedness released (or, in the case of non-U.S. Liens, arrangements satisfactory to the Administrative Agents have been made), and the Parent shall have delivered to the Administrative Agents an executed payoff letter evidencing the termination and
payoff on the Effective Date of each of the foregoing. 
 (g)    Existing CBI Credit Agreements. All indebtedness
of, and letters of credit issued on behalf of, CBI under the (A) Amended and Restated Revolving Credit Agreement, dated as of July 8, 2015, by and among CBI, certain subsidiaries from time to time party thereto, the lenders from time to
time party thereto and Bank of America, N.A., as administrative agent, (B) Credit Agreement, dated as of October 28, 2013, by and among CBI, certain subsidiaries from time to time party thereto, the lenders from time to time party thereto,
and Bank of America, N.A., as administrative agent, (C) Term Loan Agreement, dated as of July 8, 2015, among CBI, certain subsidiaries from time to time party thereto, the lenders from time to time party thereto and Bank of America, N.A.,
as administrative agent, (D) Note Purchase and Guarantee Agreement, dated as of July 22, 2015, among CBI, its Delaware obligor, and the purchasers party thereto, and (E) Note Purchase and Guarantee Agreement, dated as of
December 27, 2012, among CBI, its Delaware obligor and the purchasers party thereto, in each case as amended, amended and restated, supplemented or otherwise modified from time to time shall, upon the initial Borrowings under the Senior Credit
Facilities, have been, or will be substantially simultaneously, repaid, redeemed, defeased, discharged or (in the case of outstanding letters of credit) replaced, backstopped or cash collateralized in a manner satisfactory to the issuer thereof, and
any Liens securing such Indebtedness released (or, in the case of non-U.S. Liens, arrangements satisfactory to the Administrative Agents have been made), and the Parent shall have delivered to the
Administrative Agents an executed payoff letter evidencing the termination and payoff on the Effective Date of each of the foregoing. 

(h)    Collateral Documents. Each Administrative Agent shall have received the results of a recent customary Lien
search in each relevant jurisdiction in the United States with respect to the Parent, the Borrowers and those of Persons that shall be Guarantors as of the Effective Date (whether as a condition to the Effective Date or subsequent to the occurrence
thereof). The Pledge and Security Agreement and the other Collateral Documents listed on Part I of Schedule 3.2 shall be in full force and effect on the Effective Date, and each document (including each Uniform Commercial Code
financing statement and documentation relating to the Mortgaged Vessels) shall have been delivered to the Collateral Agent. The Pledged Stock and the Pledged Notes shall be duly and validly pledged to the Collateral Agent for the ratable benefit of
the Secured Parties (subject to the last paragraph of this Section 3.2), and certificates representing such pledged Collateral (if any), accompanied by instruments of transfer and stock powers endorsed in blank, shall have
been delivered to the Collateral Agent. 
 (i)    Solvency. Each Administrative Agent shall have received
(a) a certificate of a Responsible Officer of the Parent in the form of Exhibit I hereto stating that the Borrowers and their Subsidiaries, taken as a whole, are Solvent immediately after giving effect to the Transactions and (b) a
certificate of a Responsible Officer of the Parent and each Borrower to the effect that the conditions set forth in Sections 3.2(l), 3.2(m) and 3.2(n) have been satisfied. 

  
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 (j)    USA Patriot Act. To the extent requested at least ten days
prior to the Effective Date, the Agents and the Lenders shall have received all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and
regulations, including the USA Patriot Act at least five days prior to the Effective Date. 
 (k)    Fees and
Expenses. There shall have been paid to each Administrative Agent, for the account of each Administrative Agent and the Lenders, as applicable, and to each Arranger, Bookrunner and Co-Manager, for its own
account, all fees and expenses (including reasonable fees and expenses of counsel to each Administrative Agent to the extent the Borrowers receive invoices therefor at least one Business Day prior to the Effective Date) due and payable in connection
with this Agreement on or before the Effective Date, or will be substantially simultaneously, paid (which amounts may be offset against the proceeds of the Senior Credit Facilities). 

(l)    Business Combination. The Business Combination shall have been consummated or will be consummated
substantially concurrently with the initial funding under the Senior Credit Facilities in accordance with the Business Combination Agreement. No conditions precedent to the consummation of the Business Combination or other provision of the Business
Combination Agreement as in effect on December 18, 2017 shall have been waived, modified, supplemented or amended (and no consent granted), in any case by the Parent or any of its affiliates in a manner materially adverse to the Lenders in
their capacities as Lenders, in each case without the consent of the Arrangers, not to be unreasonably withheld or delayed (provided that any modification, amendment, waiver or consent in respect of the definition of “Comet Material
Adverse Effect” shall be deemed to be materially adverse to the Lenders). 
 (m)    Specified
Representations. The Specified Business Combination Agreement Representations shall be true and correct to the extent required in the definition thereof. The Specified Representations will shall true and correct in all material respects (except
that in the case of any Specified Representation which expressly relates to a given date or period, such representation and warranty shall be true and correct in all material respects as of the respective date or for the respective period, as the
case may be, and that any such representation qualified by materiality or material adverse effect will be true and correct in all respects). 

(n)    Letters of Credit. At least $350,000,000.00 of letters of credit, bank guarantees or similar obligations
shall be outstanding on the Effective Date for the account of the Parent, the Borrowers and/or their respective Subsidiaries (after giving effect to the Business Combination) under bilateral lines of credit under or as replacements of letters of
credit, bank guarantees and similar obligations as of December 18, 2017. 

  
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 (o)    Lloyds Facility. The conditions precedent to the
effectiveness of the Lloyds Facility as set forth therein shall have been, or shall be substantially concurrently with the Effective Date, satisfied or waived in accordance with the terms thereof. 

(p)    Each Administrative Agent shall have received executed counterparts of this Agreement from each of the Term Lenders
and the Term Loan Administrative Agent. 
 (q)    The Parent shall have delivered to each Administrative Agent
Schedule II(A), Schedule II(B), Schedule II(C), Schedule V, Schedule VI(A), Schedule VI(B), Schedule VI(C), Schedule VII, Schedule 3.2, Schedule 4.3, and Schedule 7.14
in form and substance reasonably satisfactory to each Administrative Agent and, in the case of any of Schedule VI(A), Schedule VI(B) and Schedule VI(C), in form and substance acceptable to each Issuer. 

For the avoidance of doubt, if the conditions set forth in this Section 3.2 do not occur by the Outside Date, the obligation of the
Lenders to make Loans and the obligation of each Issuer to Issue Letters of Credit shall not become effective and this Agreement shall automatically terminate without further action by any party hereto. In addition, notwithstanding anything to the
contrary in this Agreement or in any other Loan Document, to the extent that any security interest in the Collateral (other than any Collateral the security interest in which may be perfected by (x) the filing of a UCC financing statement under
the Uniform Commercial Code, (y) intellectual property filings with the United States Patent or Trademark Office or the United States Copyright Office or (z) the delivery of certificated Pledged Stock constituting Collateral, except that
certificated Pledged Stock of CBI’s subsidiaries, together with any stock power or similar endorsement in blank for the relevant certificate (to the extent required by the applicable Collateral Document) shall only be required to be delivered
on the Effective Date to the extent received from CBI after the Parent’s use of commercially reasonable efforts to obtain the same) is not or cannot be provided and/or perfected on the Effective Date after the Parent’s use of commercially
reasonable efforts to do so (without undue burden or cost), the provision and/or perfection of such security interest will not constitute a condition precedent to the availability of any Borrowing under the Senior Credit Facilities on the Effective
Date. 
 Section 3.3 Conditions Precedent to Each Loan and Letter of Credit 

The obligation of the Lenders to make any Loan and of each Issuer on any date to Issue any Letter of Credit is subject to the satisfaction of
each of the following conditions precedent, other than in respect of any Loan to be made or Letter of Credit to be issued or deemed issued on the Effective Date, in which case such Loans and Letters of Credit (other than in respect of any Existing
Letters of Credit, which shall be subject to no conditions contained in this Section 3.3 other than occurrence of the Effective Date) shall be subject solely to the satisfaction of the condition contained in clause
(a) below: 
 (a)    Request for Borrowing of Loans or Issuance of Letter of Credit. With respect to any
Loan, the Applicable Administrative Agent shall have received a duly executed Notice of Borrowing (or, in the case of Swing Loans, a duly executed Swing Loan Request), and, with respect to any Letter of Credit, the Issuer and the Revolving and LC
Administrative Agent shall have received a duly executed Letter of Credit Request. 

  
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 (b)    Representations and Warranties; No Defaults. The following
statements shall be true on the date of such Loans or Issuance, both before and after giving effect thereto and, in the case of any Loan, to the application of the proceeds therefrom: 

(i)    the representations and warranties set forth in Article IV and in the other Loan Documents
that have no materiality or Material Adverse Effect qualification shall be true and correct in all material respects and the representations and warranties set forth in Article IV and in the other Loan Documents that have a materiality or
Material Adverse Effect qualification shall be true and correct in all respects, in each case with the same effect as though made on and as of such date or, to the extent such representations and warranties expressly relate to an earlier date, as of
such earlier date; and 
 (ii)    no Default or Event of Default shall have occurred and be continuing or
shall occur as a result of such Loan or Issuance or from the application of proceeds thereof. 
 (c)    Alternative
Currencies. Immediately after giving effect to any proposed Issuance of a Letter of Credit denominated in an Alternative Currency, the sum of the Dollar Equivalent of the Letter of Credit Obligations at such time in respect of each Letter of
Credit denominated in an Alternative Currency would not exceed the Alternative Currency Cap as a result of such proposed Issuance. 

(d)    Cash Secured LC Facility Utilization Requirement. With respect to any proposed Issuance of a Revolving
Letter of Credit, there shall be insufficient capacity to issue a Cash Secured Letter of Credit assuming that such Revolving Letter of Credit was Issued as a Cash Secured Letter of Credit. 

  
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 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

To induce the Lenders, the Issuers and each Administrative Agent to enter into this Agreement, the Parent and each Borrower represents and
warrants each of the following to the Lenders, the Issuers and each Administrative Agent, on and as of the Effective Date and on and as of each date as required by Section 3.3(b)(i). 

Section 4.1 Corporate Existence; Compliance with Law 

Each of the Parent, each Borrower and each Restricted Subsidiary (a) is duly organized, validly existing and, except where the failure to
be in good standing could not reasonably be expected to have a Material Adverse Effect, in good standing, to the extent applicable, under the laws of the jurisdiction of its organization, (b) is duly qualified to do business as a foreign
corporation and in good standing, to the extent applicable, under the laws of each jurisdiction where such qualification is necessary, except where the failure to be so qualified or in good standing could not reasonably be expected to have a
Material Adverse Effect, (c) has all requisite corporate or other organizational power and authority and the legal right to own, pledge, mortgage and operate its properties, to lease the property it operates under lease and to conduct its
business as now or currently proposed to be conducted, (d) is in compliance with its Constituent Documents, (e) is in compliance with all Requirements of Law, including the Investment Company Act of 1940, as amended, except where the
failure to be in compliance could not reasonably be expected to have a Material Adverse Effect; provided, however, that where such compliance relates to any Anti-Corruption Laws, Anti-Money Laundering Laws or Sanctions, each of the
Parent, each Borrower and the Parent’s Subsidiaries are in compliance in all material respects; and (f) has all necessary licenses, permits, consents or approvals from or by, has made all necessary filings with, and has given all necessary
notices to, each Governmental Authority having jurisdiction, to the extent required for such ownership, operation and conduct, except for licenses, permits, consents, approvals or filings that can be obtained or made by the taking of ministerial
action to secure the grant or transfer thereof or the failure of which to obtain or make could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 4.2 Corporate Power; Authorization; Enforceable Obligations 

(a)    The execution, delivery, and performance by each Loan Party of the Loan Documents to which it is a party and the
consummation of the Transactions: 
 (i)    are within such Loan Party’s corporate, limited
liability company, partnership or other organizational powers; 
 (ii)    have been or, at the time of
delivery thereof pursuant to this Agreement will have been duly authorized by all necessary corporate, limited liability company or partnership action, including the consent of shareholders, partners and members where required; 

  
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 (iii)    do not and will not (A) contravene such
Loan Party’s respective Constituent Documents, (B) violate any other Requirement of Law applicable to such Loan Party (including Regulations T, U and X of the Federal Reserve Board), or any order or decree of any Governmental Authority or
arbitrator applicable to such Loan Party, other than any violation of any Requirement of Law relating to (I) any Excepted Consent having not been obtained at the time such representation is made or (II) any consent, authorization,
approval, filing or registration with or from any non-U.S. Governmental Authority outside the control of the Parent or its Restricted Subsidiaries that each Administrative Agent agrees, in its sole discretion,
to be obtained, delivered or filed after the date on which the representation in this clause (iii) is made, (C) conflict with or result in the breach of, or constitute a default under, or result in or permit the termination or
acceleration of, any lawful Contractual Obligation of such Loan Party or any of its Restricted Subsidiaries, other than in the case of this clause (C) any such conflict, breach, default, termination or acceleration that could not
reasonably be expected to have a Material Adverse Effect, or (D) result in the creation or imposition of any Lien upon any property of such Loan Party, other than those in favor of the Secured Parties pursuant to the Collateral Documents; and

 (iv)    do not require the consent of, authorization by, approval of, notice to, or filing or
registration with, any Governmental Authority or any other Person, other than (A) those that have been obtained or made and are in full force and effect, (B) resolutions of the board of directors or other similar authority of each Loan
Party that have been (or such later date upon which such Person becomes a Guarantor), obtained or made, (C) the Excepted Consents, (D) any consent, authorization, approval, filing or registration with or from any non-U.S. Governmental Authority outside the control of the Parent or its Restricted Subsidiaries that each Administrative Agent agrees, in its sole discretion, to be obtained, delivered or filed after the date on
which the representation in this clause (iv) is made, and (E) with respect to the Collateral, filings required to perfect the Liens created by the Collateral Documents. 

(b)    This Agreement has been, and each of the other Loan Documents will have been upon delivery thereof pursuant to the
terms of this Agreement, duly executed and delivered by each Loan Party who is a party thereto. This Agreement is, and the other Loan Documents will be, when delivered, the legal, valid and binding obligation of each Loan Party who is a party
thereto, enforceable against such Loan Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity,
regardless of whether considered in a proceeding in equity or at law. 
 Section 4.3 Ownership of Borrowers; Subsidiaries 

(a)    All of the outstanding capital stock of the Parent and each Borrower is validly issued, fully paid and non-assessable. 

  
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 (b)    Set forth on Schedule 4.3 is a complete and accurate list
showing, as of the Effective Date, all Subsidiaries of the Parent and, as to each such Subsidiary, its correct legal name, the jurisdiction of its organization, the number of shares of each class of Stock authorized (if applicable), the number
outstanding on the Effective Date and the percentage of the outstanding shares of each such class owned (directly or indirectly) by the Parent. Except as set forth on Schedule 4.3, as of the Effective Date no Stock of any Restricted
Subsidiary of the Parent is subject to any outstanding option, warrant, right of conversion or purchase of any similar right. Except as set forth on Schedule 4.3, all of the outstanding Stock of each Restricted Subsidiary of the Parent owned
(directly or indirectly) by the Parent has been validly issued, is fully paid and non-assessable (to the extent applicable) and is owned by the Parent or a Subsidiary of the Parent, free and clear of all
Liens, options, warrants, rights of conversion or purchase or any similar rights. As of the Effective Date, except as set forth on Schedule 4.3, neither the Parent nor any such Restricted Subsidiary is a party to, or has knowledge of, any
agreement restricting the transfer or hypothecation of any Stock of any such Subsidiary, other than the Loan Documents and, with respect to any Subsidiary that is not a Wholly-Owned Subsidiary, the governing documents of such Subsidiary. 

Section 4.4 Financial Statements 

(a)    The Closing Date Financial Statements, copies of which have been furnished to each Lender, fairly present in all
material respects the consolidated financial condition of the Persons covered thereby as at such dates and the consolidated results of the operations of the Persons covered thereby for the period ended on such dates, all in conformity with GAAP
(subject to the absence of footnote disclosure and normal year-end audit adjustments in the case of the Closing Date Financial Statements referenced in clause (b) of the definition thereof). 

(b)    The Projections have been prepared by the Parent taking into consideration past operations of its business, and
reflect in all material respects as of the Effective Date, projections for the period beginning approximately January 1, 2017 and ending approximately December 31, 2022 on a Fiscal Year by Fiscal Year basis. The Projections are based upon
estimates and assumptions stated therein, all of which the Parent believes in all material respects as of the Effective Date, to be reasonable in light of current conditions and current facts known to the Parent (other than any necessary adjustments
due to fees payable in accordance herewith) and, as of the Effective Date, reflect the Parent’s good faith estimates of the future financial performance of the Parent and its Subsidiaries and of the other information projected therein for the
periods set forth therein (it being understood and agreed that financial projections are not a guarantee of financial performance and are subject to significant uncertainties and contingencies many of which are beyond the Parent’s control, no
assurance can be given that any projections may be realized, and actual results may differ from the Projections and such differences may be material). 

(c)    Neither the Parent nor any of its Subsidiaries has, as of the Effective Date, any material obligation, contingent
liability or liability for Taxes, long-term leases (other than operating leases) or unusual forward or long-term commitment that is not 

  
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reflected in the financial statements referred to in clause (a) above and not otherwise permitted by this Agreement. 

(d)    The combined pro forma balance sheet, income statements and statements of cash flow of the Parent and its
Subsidiaries set forth in the Parent Registration Statement present in all material respects on a pro forma basis the financial condition of the Parent and its Subsidiaries for the periods covered thereby. 

(e)    The consolidated balance sheets and the related statements of income and cash flow delivered following the
Execution Date pursuant to Section 6.1, copies of which shall be furnished to each Lender, shall fairly present in all material respects the consolidated financial condition of the Persons covered thereby as at such dates
and the consolidated results of the operations of the Persons covered thereby for the period ended on such dates, all in conformity with GAAP. 

Section 4.5 Material Adverse Effect 

Since December 31, 2017,October 21, 2019, tT
here has been no event or development that has had or could reasonably be expected to have a Material Adverse Effect. 

Section 4.6 Solvency 
 BothFrom
 and after the Discharge of First Priority Claims, the Parent and its consolidated Subsidiaries
(both

 before and after giving effect to the Transactions, the Parent and its consolidated Subsidiaries), taken as a whole, are Solvent. 

Section 4.7 Litigation 

Except as set forth on Schedule 4.7, there are no pending or, to the knowledge of the Parent or Borrowers, threatened actions,
investigations or proceedings against the Parent, any Borrower, or any of the Parent’s other Restricted Subsidiaries before any court, Governmental Authority or arbitrator other than those that, in the aggregate, could not reasonably be
expected to have a Material Adverse Effect. Schedule 4.7 lists all litigation pending against any Loan Party as of the Effective Date that, if adversely determined, could be reasonably expected to have a Material Adverse Effect. 

Section 4.8 Taxes 
 All
federal income and other material tax returns, reports and statements (collectively, the “Tax Returns”) required to be filed by the Parent or a Borrower or any other Tax Affiliates have been filed with the appropriate Governmental
Authorities in all jurisdictions in which such Tax Returns are required to be filed, all such Tax Returns are true and correct in all material respects, and all material Taxes, charges and other impositions reflected therein or otherwise due and
payable have been paid prior to the date on which any fine, penalty, interest, late charge or loss may be added thereto for non-payment thereof (whether or not shown on any Tax Return) except where contested
in good faith and by appropriate proceedings if adequate reserves therefor have been established 

  
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on the books of the Parent, the Borrowers or such Tax Affiliate in conformity with GAAP. The Parent, each Borrower and each other Tax Affiliate have deducted and withheld and timely paid to the
respective Governmental Authorities all material amounts required to be deducted and withheld. 
 Section 4.9 Full Disclosure 

The Information Memorandum and any other information prepared or furnished by or on behalf of any Loan Party and delivered to the Lenders in
writing in connection with this Agreement or the consummation of the transactions contemplated hereunder or thereunder (in each case, taken as a whole), other than any information of a general economic or industry specific nature, does not, as of
the time of delivery of such information (with respect to the Information Memorandum, as of the Effective Date only), contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein
or herein not misleading, other than information of a general economic or industry nature; provided, however, that, to the extent any such information was based upon, or constituted, a forecast or projection, such Loan Party represents
only, in respect of such projection or forecast, that it acted in good faith and utilized reasonable assumptions and due care in the preparation of such information. 

Section 4.10 Margin Regulations 

No Loan Party is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of
Regulation U of the Federal Reserve Board), and no proceeds of any Loan will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock, (i) directly or indirectly in
connection with the consummation of the Business Combination or (ii) in all other cases, in contravention of Regulation T, U or X of the Federal Reserve Board. Margin stock constitutes less than 25% of the value of those assets of the Parent
and its Subsidiaries, taken as a group, which are subject to any limitation on sale, pledge, or other restriction hereunder. 
 Section 4.11 No
Burdensome Restrictions; No Defaults 
 (a)    Neither the Parent, any Borrower, nor any other Restricted
Subsidiary of the Parent (i) is a party to any Contractual Obligation (x) the compliance with which could reasonably be expected to have a Material Adverse Effect or (y) the performance of which by any thereof would result in the
creation of a Lien (other than a Lien permitted under Section 8.2) on the property or assets of any thereof or (ii) is subject to any charter restriction that could reasonably be expected to have a Material Adverse
Effect. 

(b)    NeitherFrom and after the Discharge of First Priority Claims, neither the Parent, any
Borrower, nor any other Restricted Subsidiary of the Parent is in default under or with respect to any Contractual Obligation owed by it, other than, in either case, those defaults that could not reasonably be expected to have a Material Adverse
Effect. 

  
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 (c)    No Default or Event of Default has occurred and is continuing.

 Section 4.12 Statutory Indebtedness Restrictions 

Neither the Parent, any Borrower, nor any other Restricted Subsidiary of the Parent is (a) an “investment company” or a company
“controlled” by an “investment company,” as such terms are defined in the Investment Company Act of 1940, as amended or (b) subject to regulation under the Federal Power Act. 

Section 4.13 Use of Proceeds 

(a)    The proceeds of the Term Loans are being used solely by the Borrowers to finance in part the Business Combination
(including the repayment of all existing Indebtedness for borrowed money of CBI and the cash collateralization of certain existing financial and performance letters of credit issued under any revolving or letter of credit facility of CBI), the
repayment of all existing Indebtedness for borrowed money of the Parent, including Indebtedness under the Existing Parent Credit Agreement and the cash collateralization of the certain letters of credit thereunder, to fund the Cash Secured LC Cash
Collateral Account pursuant to Section 2.6(b) to support the issuance of Cash Secured Letters of Credit and the payment of fees and expenses in connection with the Transactions. 

(b)    The proceeds of the Revolving Loans are being used solely by the Borrowers for working capital needs and for
general corporate purposes of the Parent and its Subsidiaries (including, without limitation, Capital Expenditures, Investments not prohibited by this Agreement and Permitted Acquisitions); provided, however, that (i) the
aggregate amount of Borrowings of Revolving Loans used to fund working capital needs shall not exceed $75,000,000.00 until the first day following the Effective Date. 

(c)    Letters of Credit are being used solely by the Borrowers to (i) support warranties, bid bonds, payment or
performance obligations and for other general corporate purposes by the Borrowers, the Parent, the Parent’s Subsidiaries, Joint Ventures and Affiliates and (ii) migrate, backstop or replace Existing Letters of Credit. 

(d)    The Borrowers will not request any Borrowing or Letter of Credit, and the Parent and each Borrower shall not use,
and shall procure that the Parent’s Subsidiaries and their respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or
authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with
any Sanctioned Person, or in any Sanctioned Country, in either case in violation of any Sanctions applicable to such Borrower and its Subsidiaries, or (iii) in any manner that would result in the violation of any Sanctions applicable to any
Loan Party or, to the knowledge of the Parent or either Borrower, any other party hereto. 

  
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 Section 4.14 Insurance 

All material policies of insurance of any kind or nature currently maintained by the Parent, a Borrower or any other Restricted Subsidiary,
including policies of fire, theft, property damage, other commercial general liability, employee fidelity and workers’ compensation, are in full force and effect and are of a nature and provide such coverage as is sufficient and as is
customarily carried by businesses of the size and character of such Person. 
 Section 4.15 Labor Matters 

(a)    There are no strikes, work stoppages, slowdowns or lockouts pending or, to the knowledge of the Parent and each
Borrower, threatened against or involving the Parent or any of its Restricted Subsidiaries, other than those that, in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

(b)    There are no unfair labor practices, grievances or complaints pending, or, to the knowledge of the Parent and each
Borrower, threatened, against or involving the Parent or any of its Restricted Subsidiaries, nor, to the knowledge of the Parent and each Borrower, are there any unfair labor practices, arbitrations or grievances threatened involving the Parent or
any of its Restricted Subsidiaries, other than those that if resolved adversely to the Parent or any of its Restricted Subsidiaries, as applicable, could not reasonably be expected to have a Material Adverse Effect. 

(c)    Except as set forth on Schedule 4.15, as of the Effective Date, there is no collective bargaining agreement
covering any employee of the Parent, the Borrowers or any other Restricted Subsidiary. Except as set forth on Schedule 4.15, with respect to employees of the Parent, the Borrowers or any other Restricted Subsidiary not already covered by a
collective bargaining agreement set forth on Schedule 4.15, as of the Effective Date no union representation question exists with respect to such employees and, to the knowledge of the Parent and each Borrower, no union organization activity
is taking place as of the Effective Date. 
 Section 4.16 ERISA 

(a)    Each Employee Benefit Plan that is intended to qualify under Section 401 of the Code has received a favorable
determination letter from the IRS indicating that such Employee Benefit Plan is so qualified and nothing has occurred subsequent to the issuance of such determination letter which could cause such Employee Benefit Plan to lose its qualified status
and any trust created under any Employee Benefit Plan is exempt from Tax under the provisions of Section 501 of the Code, except where such failures could not reasonably be expected to have a Material Adverse Effect. 

(b)    The Parent, each Borrower and each other Restricted Subsidiary, each Guarantor and each of their respective ERISA
Affiliates is in material compliance with all applicable provisions and requirements of ERISA, the Code and applicable Employee Benefit Plan provisions with respect to each Employee Benefit Plan except for
non-compliances that could not reasonably be expected to have a Material Adverse Effect. 

  
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 (c)    With respect to each Title IV Plan and each Multiemployer Plan,
the Parent, each Borrower and each other Restricted Subsidiary, and each of their respective ERISA Affiliates has made all contributions required under ERISA and the Code and, in respect of each Title IV Plan, are in material compliance with the
minimum funding standard of Section 412 of the Code (in each case, whether or not waived in accordance with Section 412(c) of the Code). 

(d)    Except as set forth on Schedule 4.16(d) to this Agreement, there has not been, nor is there reasonably
expected to occur, any ERISA Event other than those that, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

(e)    Except (i) to the extent required under Section 4980B of the Code or similar state laws, and
(ii) with respect to which the aggregate liability, calculated on a FAS 106 basis as of December 31, 2017, does not exceed $65,000,000.00, no Employee Benefit Plan provides health or welfare benefits (through the purchase of insurance or
otherwise) to any retired or former employees, consultants or directors (or their dependents) of the Parent, any Borrower or any other Restricted Subsidiary of the Parent, or any of their respective ERISA Affiliates. 

(f)    Except as set forth on Schedule 4.16(d) to this Agreement, none of the Parent, any Borrower or any other
Restricted Subsidiary of the Parent, or any of their respective ERISA Affiliates has incurred or reasonably expects to incur any Withdrawal Liability with respect to any Multiemployer Plan. The Parent, each Borrower and each other Restricted
Subsidiary of the Parent and each of their respective ERISA Affiliates has complied with the requirements of Section 515 of ERISA with respect to each Multiemployer Plan and are not in material “default” (as defined in
Section 4219(c)(5) of ERISA) with respect to payments to a Multiemployer Plan. 
 (g)    The Loan Parties are not
and will not be using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans to repay the Loans, the Letters of Credit
or the Commitments. 
 Section 4.17 Environmental Matters 

Environmental Representations. Except as disclosed on Schedule 4.17 to this Agreement: 
 (a)    The
operations of the Parent, each Borrower and each other Restricted Subsidiary have been and are in compliance with all Environmental Laws, including obtaining and complying with all required environmental, health and safety Permits, other than non-compliances that, in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

(b)    None of the Parent, any Borrower or any other Restricted Subsidiary or any Real Property currently or, to the
knowledge of the Parent or any Borrower, previously owned, operated or leased by or for the Parent, a Borrower or any other Restricted Subsidiary is subject to any pending or, to the knowledge of the Parent or any

  
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Borrower, threatened, claim, order, agreement, notice of violation, notice of potential liability or is the subject of any pending or threatened proceeding or governmental investigation under or
pursuant to Environmental Laws other than those claims, orders, agreements, notices, proceedings or investigations that, in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

(c)    To the knowledge of the Parent or any Borrower, there are no facts, circumstances or conditions arising out of or
relating to the operations or ownership of the Parent or any of its Restricted Subsidiaries or of Real Property owned, operated or leased by the Parent or any of its Restricted Subsidiaries that are not specifically included in the financial
information furnished to the Lenders other than those that, in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

Section 4.18 Intellectual Property 

Except where the failure to do so could not, taken as a whole, reasonably be expected to have a Material Adverse Effect, the Parent, the
Borrowers and the other Restricted Subsidiaries own or license or otherwise have the right to use all licenses, permits, patents, patent applications, trademarks, trademark applications, service marks, trade names, copyrights, copyright
applications, franchises, authorizations and other intellectual property rights (including all Intellectual Property as defined in the Pledge and Security Agreement) that are necessary for the operations of their respective businesses, without
infringement upon or conflict with the rights of any other Person with respect thereto. Except where the failure to do so could not, taken as a whole, reasonably be expected to have a Material Adverse Effect, no slogan or other advertising device,
product, process, method, substance, part or component, or other material now employed, or now contemplated to be employed, by the Parent, the Borrowers or any other Restricted Subsidiary infringes upon or conflicts with any rights owned by any
other Person, and no claim or litigation regarding any of the foregoing is pending or threatened. 
 Section 4.19 Title; Real Property

 (a)    Each of the Parent, each Borrower and the other Restricted Subsidiaries has good and marketable title (or
the applicable jurisdictional equivalent of good and marketable title) to, or valid leasehold interests in, or other valid contractual occupancy or use right in, all of its material properties and assets (including each Mortgaged Property) and good
title to, or valid leasehold interests in, all personal property, in each case that is purported to be owned or leased by it, including those reflected on the most recent Financial Statements delivered by the Parent, and none of such properties and
assets is subject to any Lien, except Liens permitted under Section 8.2. The information provided by the Parent to the Administrative Agents, the Collateral Agent and the Lenders with respect to each Mortgaged Property is
true and correct in all material respects; provided that any information provided by or on behalf of the Loan Parties in response to flood due diligence and flood insurance compliance inquiries shall be true and correct in all respects. 

  
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 (b)    Set forth on Schedule 4.19 is a complete and accurate
list, as of the Effective Date and after giving effect to the Business Combination, of all (a) owned Real Property of the Loan Parties (i) located in the United States with a reasonably estimated Fair Market Value in excess of
$10,000,000.00 showing, as of the Effective Date, the street address, county and the record owner thereof and (ii) located outside of the United States with a reasonably estimated Fair Market Value in excess of $5,000,000.00 showing, as of the
Effective Date, the street address, jurisdiction and the record owner thereof and (b) leased Real Property of the Loan Parties (i) located in the United States with net annual lease payments in excess of $10,000,000.00 showing, as of the
Effective Date, the street address (or other readily identifiable description) and county thereof and (ii) located outside of the United States with net annual lease payments in excess of $5,000,000.00 showing, as of the Effective Date, the
street address (or other readily identifiable description) and jurisdiction thereof. 
 (c)    No portion of any Real
Property has suffered any material damage by fire or other casualty loss that has not heretofore been completely repaired and restored to its original condition other than those that could not reasonably be expected to have a Material Adverse
Effect. 
 (d)    Except as could not reasonably be expected to have a Material Adverse Effect, (a) each Loan Party
has obtained and holds all Permits required in respect of its Real Property and for the operation of each of its businesses as presently conducted and as proposed to be conducted, (b) all such Permits are in full force and effect, and each Loan
Party has performed and observed all requirements of such Permits, (c) no event has occurred that allows or results in, or after notice or lapse of time would allow or result in, revocation or termination by the issuer thereof or in any other
impairment of the rights of the holder of any such Permit, (d) [reserved], (e) each Loan Party reasonably believes that each of its Permits will be timely renewed and complied with, and that any additional Permits that may be required of such Person
will be timely obtained and complied with, and (f) neither the Parent, nor either Borrower has any knowledge or reason to believe that any Governmental Authority is considering limiting, suspending, revoking or renewing on materially burdensome
terms any such Permit. 
 (e)    None of the Parent, any Borrower or any other Restricted Subsidiary has received any
notice, or has any knowledge, of any pending condemnation proceeding, or of any condemnation proceeding threatened in writing, affecting any material Real Property or any part thereof, except those that could not reasonably be expected to have a
Material Adverse Effect. 
 (f)    Each of the Loan Parties, and, to the knowledge of the Parent and each Borrower, each
other party thereto, has complied with all material obligations under all leases of material Real Property to which it is a party other than those the failure with which to comply could not reasonably be expected to have a Material Adverse Effect
and, to the knowledge of the Parent and each Borrower, all such leases are legal, valid, binding and in full force and effect and are enforceable in accordance with their terms other than those the failure of which to so comply with the foregoing
could not reasonably be expected to have a Material Adverse Effect. No landlord Lien has been filed of record, and, to the 

  
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knowledge of the Parent and each Borrower, no claim is being asserted, with respect to any lease payment under any lease of Real Property other than those that could not reasonably be expected to
have a Material Adverse Effect. 
 (g)    There are no pending or, to the knowledge of the Parent and each Borrower,
proposed special or other assessments for public improvements or otherwise affecting any material portion of the Real Property, nor are there any contemplated improvements to such owned Real Property that may result in such special or other
assessments, other than those that could not reasonably be expected to have a Material Adverse Effect. 
 Section 4.20 Mortgaged Vessels

 Each Mortgaged Vessel (a) is owned and operated by a Subsidiary Guarantor, (b) that is operated, is operated in all material
respects in compliance with all Requirements of Law applicable to it (including, in the case of each Mortgaged Vessel that is in class on the Effective Date, compliance in all material respects with all requirements of such classification as
required by the relevant classification society for such Mortgaged Vessel) and (c) is maintained in all material respects in accordance with all requirements set forth in the Collateral Documents. Each Mortgaged Vessel is covered by all such
insurance as is required by the respective Mortgage with respect to such Mortgaged Vessel. 
 Section 4.21 Anti-Corruption Laws and Sanctions

 The Parent has implemented, maintains in effect and enforces policies and procedures intended to ensure compliance by the Parent, each
Borrower, the other Subsidiaries of the Parent and their respective directors, officers, employees and agents (in their respective activities on behalf of the Parent, each Borrower and the other Subsidiaries of the Parent) with applicable
Anti-Corruption Laws, Anti-Money Laundering Laws and applicable Sanctions, and the Parent, each Borrower and the other Restricted Subsidiaries of the Parent, its and their respective officers and directors and, to the knowledge of the Parent and
each Borrower, employees and agents (in their respective activities on behalf of the Parent, each Borrower and the other Restricted Subsidiaries of the Parent), are in compliance with applicable Anti-Corruption Laws, Anti-Money Laundering Laws and
applicable Sanctions, in each case in all material respects. None of the Parent, any Borrower, any other Restricted Subsidiary of the Parent, any of their respective directors or officers or, to the knowledge of the Parent, any Borrower or such
Subsidiary, any of their respective employees or any of their agents that will act in any capacity in connection with or benefit from the credit facilities established hereby, (a) is a Sanctioned Person with whom the Parent, the Borrowers or
such Restricted Subsidiary, as applicable, is prohibited from transacting business pursuant to any applicable Sanction or (b) is currently engaging or has engaged in any dealings or transactions with, involving or for the benefit of a
Sanctioned Person, or in or involving any Sanctioned Country, in each case in violation of applicable Sanctions. 

  
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 Section 4.22 EEA Financial Institution 

No Loan Party is an EEA Financial Institution. 

Section 4.23 Security Instruments 

Subject to the Security
Principles and the terms of the Senior Intercreditor Agreement, the security interests created in favor of the
Collateral Agent for the benefit of the Secured Parties under the Collateral Documents constitute first priority perfected security interests (subject to Liens permitted by Section 8.2) in the Collateral referred to therein
to the extent that the creation, perfection or priority, as applicable, is governed by the laws of the United States, any State thereof or any other jurisdiction under whose laws the Collateral Agent has reasonably requested action to be taken under
Section 7.11(c). Except for filings and actions contemplated hereby and by the Collateral Documents and other filings and actions not required to be made pursuant to Security Principles, no consents, filings or
recordings are required under the laws of the United States, any State thereof or any other jurisdiction under whose laws the Collateral Agent has reasonably requested action to be taken under Section 7.11(c) in order to
perfect, and/or maintain the perfection and priority of, the security interests purported to be created by the Collateral Documents. 
 Section 4.24
Regulation H 
 No Mortgaged Property located in the United States is a Flood Hazard Property unless the Collateral Agent shall
have received the following: (a) the applicable Loan Party’s written acknowledgment of receipt of written notification from the Collateral Agent (i) as to the fact that such Mortgaged Property is a Flood Hazard Property, (ii) as
to whether the community in which each such Flood Hazard Property is located is participating in the National Flood Insurance Program and (iii) such other flood hazard determination forms, notices and confirmations thereof as reasonably
requested by the Collateral Agent and (b) copies of insurance policies or customary certificates of insurance of the applicable Loan Party evidencing flood insurance and naming the Collateral Agent as loss payee on behalf of the Lenders. All
flood hazard insurance policies required hereunder have been obtained and remain in full force and effect, and the premiums thereon have been paid in full. 

Section 4.25 USA Patriot Act 

Each of the Loan Parties and their respective Subsidiaries are in compliance, in all material respects, with (a) the Trading with the
Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto and (b) the USA
Patriot Act. 

  
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 ARTICLE V 

FINANCIAL COVENANTS 

From and after the Effective Date, the Borrowers (i) agree with the Revolving Lenders, the LC Lenders and the Revolving and LC
Administrative Agent to each of the following, as long as any Revolving Letter of Credit Obligation, LC Facility Letter of Credit Obligation or any Revolving Commitment or LC Facility Commitment remains outstanding and (ii) solely with respect
to Section 5.2, agree with the Term Lenders and the Term Loan Administrative Agent as long as any Term Loan remains outstanding: 

Section 5.1 Fixed Charge Coverage Ratio 

Beginning with the first full Fiscal Quarter ending after
the Amendment
No. 1 Effective Date, the Parent and each Borrower shall maintain a minimum Fixed Charge
Coverage Ratio of at least 1.50:1.00 at the end of each Fiscal Quarter.(a) 0.70:1.00 for the Fiscal Quarters ending
December 31, 2019 through June 30, 2020; (b) 1.10:1.00 for the Fiscal Quarters ending September 30, 2020 and
December 31, 2020; (c) 1.20:1.00 for the Fiscal Quarter ending March 31, 2021; (d) 1.40:1.00 for the Fiscal Quarter ending June 30, 2021; (e) 1.30:1.00 for the Fiscal Quarters ending September 30, 2021 and
December 31, 2021; and (f) for each Fiscal Quarter thereafter, 1.50:1.00. 

Section 5.2 Leverage Ratio 

Beginning with the first full Fiscal Quarter ending after
the Amendment
No. 1 Effective Date, the Parent and each Borrower shall maintain, as of the last day of
any Fiscal Quarter, a maximum Leverage Ratio not to exceed 4.25:1.00
through the Fiscal Quarter ending September 30,
2019;
4.00(a) 11.70:1.00 for the Fiscal Quarter ending
December 31, 2019; 3.75:1.00
through(b) 11.60:1.00 for the Fiscal Quarter ending December 31, 2020; 3.50:100
throughMarch 31, 2020; (c) 10.30:1.00 for the fiscal quarter ending June 30, 2020; (d) 6.50:1.00 for the fiscal quarter ending September 30, 2020; (e) 6.00:1.00 for the Fiscal Quarter ending December 31, 2020; (f) 5.30 for the Fiscal Quarter ending
March 31, 2021; (g)
4.80:1:00 for the Fiscal Quarter ending June 30, 2021; (h) 4.70
for the Fiscal Quarter ending September 30,
2021; (i) 4.80 for the Fiscal Quarter ending December 31, 2021; and 3.25:1.00(j)
 for each Fiscal Quarter ending thereafter.,
 3.25:1.00. 
 Section 5.3 Minimum Liquidity 

Beginning with the first full Fiscal Quarter ending after
the Amendment
No. 1 Effective Date, the Parent and each Borrower shall maintain minimum Liquidity as of
the last day of any Fiscal Quarter of not less than $200,000,000.00. 

  
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 ARTICLE VI 

REPORTING COVENANTS 

From and after the Effective Date, the Parent and each Borrower jointly and severally agree with the Lenders, the Issuers and each
Administrative Agent to each of the following, as long as any Obligation or any Commitment remains outstanding: 
 Section 6.1 Financial
Statements 
 The Parent and each Borrower shall furnish each of the following to each Administrative Agent, for delivery to the
Applicable Lenders: 
 (a)    Quarterly Reports. Within 45 days after the end of each of the first three Fiscal
Quarters of each Fiscal Year (unless such period is extended pursuant to applicable U.S. securities laws, rules, or regulations or SEC guidelines, in which case such deadline will be extended to the earlier of (x) the end of such period and (y)
60 days after the end of such Fiscal Quarter), consolidated unaudited balance sheets as of the close of such quarter and the related statements of income and cash flow for such quarter and that portion of the Fiscal Year ending as of the close of
such quarter, setting forth in comparative form the figures for the corresponding period in the prior year, in each case certified by a Responsible Officer of the Parent as fairly presenting in all material respects the consolidated financial
condition of the Parent and its Subsidiaries as at the dates indicated and the results of their operations and cash flow for the periods indicated in accordance with GAAP (subject to the absence of footnote disclosure and normal year-end audit adjustments) and accompanied by customary management discussion and analysis. 

(b)    Annual Reports. Within 75 days after the end of each Fiscal Year (unless such period is extended pursuant to
applicable U.S. securities laws, rules, or regulations or SEC guidelines, in which case such deadline will be extended to the earlier of (x) the end of such period and (y) 120 days after the end of such Fiscal Year, consolidated balance sheets
of the Parent and its Subsidiaries as of the end of such Fiscal Year and related statements of income and cash flows of the Parent and its Subsidiaries for such Fiscal Year, all prepared in conformity with GAAP and accompanied by customary
management discussion and analysis and an audit opinion from Parent’s Accountants and certified, in the case of such consolidated financial statements, without qualification as to the scope of the audit or as to the Parent being a going concern
(other than, prior to the Discharge of First Lien Claims, resulting from (x) impending debt maturities and
(y) any prospective or actual breach of any financial covenant) by the Parent’s
Accountants, together with the report of such accounting firm stating that (i) such financial statements fairly present in all material respects the consolidated financial condition of the Parent and its Subsidiaries as at the dates indicated
and the results of their operations and cash flow for the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except for changes with which the Parent’s Accountants shall concur and that shall have been
disclosed in the notes to the financial statements) and (ii) the examination by the Parent’s Accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards. 

  
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 (c)    Compliance Certificate. Together with each delivery of any
financial statement pursuant to clause (a) or (b) above, a certificate of a Responsible Officer of the Parent substantially in the form of Exhibit H-1 for delivery to the LC Lenders
and Revolving Lenders only and Exhibit H-2 for delivery to the Term Lenders only (each, a “Compliance Certificate”) (i) in the case of Exhibit
H-1, (A) demonstrating compliance with each of the financial covenants contained in Section 5.1, Section 5.2 and Section 5.3 in
reasonable detail and (B) setting forth a reasonably detailed description of any savings under clause (xi) of the definition of EBITDA, (ii) identifying any Asset Sale permitted by clauses (g), (h), and
(i) of Section 8.4 during the Fiscal Quarter as to which such Compliance Certificate relates (or, in the case of any Compliance Certificate delivered in connection with the financial statements delivered
pursuant to clause (b) above, in the last Fiscal Quarter of such Fiscal Year to which such Compliance Certificate relates) and identifying the aggregate consideration received in connection with each such identified Asset Sale if the
aggregate consideration received for such Asset Sale exceeds $10,000,000.00, (iii) setting forth each Person that is a Material Wholly-Owned Subsidiary of the Parent that is not a Loan Party on the last day of the most recently ended Fiscal Quarter
or Fiscal Year for which financial statements have been delivered pursuant clause (a) or (b) above, as applicable and (iv) stating that no Default or Event of Default has occurred and is continuing or, if a Default or an
Event of Default has occurred and is continuing, stating the nature thereof and the action which the Parent has taken or proposes to take with respect thereto. 

(d)    Budget. Not later than 90 days after the end of each Fiscal Year, the annual budget of the Parent for the
Fiscal Year next succeeding such Fiscal Year then ended, in reasonable detail, as determined by the Administrative Agents (with the understanding that any annual budget in substantially the same form, scope and substance as the annual budget of the
Parent most recently prepared prior to the Effective Date is in reasonable detail), and reviewed by the board of directors of the Parent, including a projected year-end consolidated balance sheet and income
statement and statement of cash flows. 
 (e)    Lender Calls. The Parent shall conduct a conference call that
Lenders may attend to discuss the financial condition and results of operations of the Parent and its Restricted Subsidiaries for the most recently ended measurement period for which financial statements have been delivered pursuant to Sections
6.1(a) and (b) (beginning with the fiscal period of the Parent ending June 30, 2018), at a date and time to be determined by the Parent with reasonable advance notice to the Administrative Agents. 

(f)    Changes in Ratings. Promptly and in any event within five Business Days after a Responsible Officer of the
Parent or any Borrower obtains actual knowledge of the existence thereof, the Parent or such Borrower, as applicable, shall give each Administrative Agent notice of any announcement by Moody’s or S&P of any change in a corporate rating or
corporate family rating with respect to the Parent or a Borrower or with respect to the Loans under this Agreement that has not been publicly announced or is not otherwise publicly available. 

  
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(g)
    Priming Credit Agreement. Promptly after
delivery under the Priming Credit Agreement, the Approved Budget (as defined in the Priming Credit Agreement) in form reasonably approved by the Administrative Agents. 

The Parent, each Borrower and each Lender acknowledge that certain of the Lenders may be Public-Side Lenders and, if documents or notices required to be
delivered pursuant to this Section 6.1 or otherwise are being distributed through IntraLinks, Debtdomain, SnydTrak, Donnelley Financial Solutions Venue or a similar service, any document or notice that the Parent or any
Borrower has indicated contains MNPI shall not be posted on the portion of such service that is designated for Public-Side Lenders. The Parent and each of the Borrowers jointly and severally agree to clearly identify, in writing on the face of such
information, all information provided to each Administrative Agent by or on behalf of any Loan Party that is suitable to make available to Public-Side Lenders. If neither the Parent nor any Borrower has indicated that a document, notice or other
information contains MNPI,
each(x)
 the Revolving and LC Administrative Agent reserves the right, but shall have no obligation, to post such document or notice solely on the portion of IntraLinks that is designated
foror other similar service that is designated for Revolving Lenders and
LC Lenders that wish to receive MNPI and (y) the Term Administrative Agent shall post such document or
notice solely on the portion of IntraLinks or other similar service that is designated for Term Lenders that wish to receive MNPI. 

Information required to be delivered pursuant to this Section 6.1 shall be deemed to have been delivered if such information, or one
or more annual or quarterly reports containing such information, shall have been posted by any Administrative Agent on IntraLinks, Debtdomain, SnydTrak, Donnelley Financial Solutions Venue or a similar service or shall be available on the website of
the SEC at http://www.sec.gov or on the website of the Parent (provided, in each case, that the Parent has notified the Administrative Agents that such information is available on such website and, if requested by an Administrative Agent,
shall have provided hard copies to such Administrative Agent). Information required to be delivered pursuant to this Section 6.1 may also be delivered by electronic communications pursuant to procedures approved by each
Administrative Agent. 
 Section 6.2 Collateral Reporting Requirements 

The Parent and each Borrower shall furnish to each Administrative Agent or the Collateral Agent, as applicable, for delivery to the Applicable
Lenders, each of the following: 
 (a)    Updated Corporate Chart. If requested by an Administrative Agent,
together with each delivery of any financial statement pursuant to Section 6.1(b), (i) a corporate organizational chart or other equivalent list, current as of the date of delivery, in form and substance reasonably
acceptable to such Administrative Agent, setting forth, for each of the Loan Parties, all Persons subject to Section 7.11(c), all Subsidiaries of any of them and any Joint Ventures entered into by any of the foregoing, and
(ii) a schedule setting forth, in respect of each such Person, (A) its full legal name, (B) its jurisdiction of organization and organizational number (if any) and (C) the number of shares of each class of its Stock authorized
(if applicable), the number outstanding as of the date of delivery, and the number and percentage of the outstanding shares of each such class owned (directly or indirectly) by the Parent. 

  
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 (b)    Additional Information. FromReasonably
 promptly from time to time, statements and schedules further identifying and describing the Collateral and such other reports in connection with the Collateral, all as an Administrative Agent or Collateral Agent may reasonably
request, and in reasonable detail. 
 (c)    Additional Filings. At any time and from time to time, reasonably promptly upon the reasonable request of the Collateral Agent, reasonably promptly after receipt of a request, and at the sole expense of the Loan Parties, duly executed, delivered and
recorded instruments and documents for the purpose of obtaining or preserving the full benefits of this Agreement, the Pledge and Security Agreement and each other Loan Document and of the rights and powers herein and therein granted (and each Loan
Party shall take such further action as the Collateral Agent may reasonably request for such purpose), including the filing of any financing or continuation statement under the UCC or other similar Requirement of Law in effect in any domestic
jurisdiction with respect to the security interest created by the Pledge and Security Agreement. 
 (d)    Mortgaged
Vessels.
IfReasonably
 promptly if requested by an Administrative Agent or the Collateral Agent, reasonably promptly after receipt of a
request, an operating report for the Mortgaged Vessels showing the current customers of such vessels and the current locations of such vessels. In addition, if requested by an Administrative Agent or the Collateral Agent, reasonably promptly after receipt of a
request, the Parent shall give such Administrative Agent or the Collateral Agent written notice of
(i) any Mortgaged Vessel commencing a new contract or moving to a work site outside the U.S. Gulf of Mexico and (ii) any bareboat charters of any Mortgaged Vessel and copies of such charter. 

(e)    Appraisals. (i) No more than once in any twelve month period, within 90 days of a request of an
Administrative Agent therefor, updated appraisals for each Mortgaged Vessel performed by an Approved Appraiser and (ii) following the Effective Date, no more than once in any twenty-four month period, and within 90 days of a request of the
Collateral Agent or a Liquidity Lender, updated appraisals for any Mortgaged Property located in the United States of America; provided that such appraisals of Mortgaged Property shall first be delivered by June 30, 2019.2020.
 
 The reporting requirements set forth in this Section 6.2 are in addition to, and shall not modify and
are not in replacement of, any rights and other obligation set forth in any Loan Document (including notice and reporting requirements) and satisfaction of the reporting obligations in this Section 6.2 shall not, by itself,
operate as an update of any Schedule or any schedule of any other Loan Document and shall not cure, or otherwise affect in any way, any Default or Event of Default, including any failure of any representation or warranty of any Loan Document to be
correct in any respect when made. 

  
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 Section 6.3 Default Notices 

(a)    Promptly and in any event within five Business Days after a Responsible Officer of the Parent or any Borrower
obtains actual knowledge of the existence thereof, the Parent or such Borrower, as applicable, shall give each Administrative Agent, for delivery to the Applicable Lenders, notice of any Default or Event of Default specifying the details of the
occurrence referred to therein, describing with particularity any and all provisions of this Agreement and any other Loan Document that have been breached, the anticipated effect thereof, and stating what action such Borrower has taken and proposes
to take with respect thereto. 
 (b)    Each notice delivered pursuant to this Section 6.3, if
given by telephone, shall be promptly confirmed in writing on or before the next Business Day. 
 Section 6.4 Litigation 

Promptly after a Responsible Officer of the Parent or any Borrower obtains actual knowledge of the commencement thereof, the Parent shall give
each Administrative Agent, for delivery to the Applicable Lenders, written notice of the commencement of all actions, suits and proceedings before any domestic or foreign Governmental Authority or arbitrator, regarding the Parent, any Borrower, any
of their respective Subsidiaries or any Joint Venture that (i) seeks injunctive or similar relief that, in the reasonable judgment of any Borrower, if adversely determined, could reasonably be expected to result in a Material Adverse Effect or
(ii) in the reasonable judgment of the Parent could expose a Borrower, the Parent, any Subsidiary or any Joint Venture to liability in an amount aggregating $45,000,000.00 or more or that, if adversely determined, could reasonably be expected
to have a Material Adverse Effect. 
 Section 6.5 Labor Relations 

Promptly after a Responsible Officer of the Parent or a Borrower has actual knowledge of the same, the Parent shall give each Administrative
Agent, for delivery to the Applicable Lenders, written notice of (a) any material labor dispute to which the Parent, a Borrower or any of their respective Subsidiaries is a party, including any strikes, lockouts or other material disputes
relating to any of such Person’s plants and other facilities, provided that such dispute, strike or lockout involves a work stoppage exceeding 30 days, (b) any material Worker Adjustment and Retraining Notification Act or related liability
incurred with respect to the closing of any plant or other facility of any such Person affecting 300 or more employees of the Parent, the Borrowers and their respective Subsidiaries and (c) any material union organization activity with respect
to employees of the Parent, the Borrowers or any of their respective Subsidiaries not covered by a collective bargaining agreement as of the Effective Date. 

Section 6.6 Tax Returns 
 Upon
the request of any Lender through an Administrative Agent, the Parent and each Borrower shall provide copies of all Tax Returns and reports filed by the Parent, a Borrower, any of their respective Subsidiaries or any Joint Venture in respect of
Taxes measured by income (excluding sales, use and like Taxes). 

  
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 Section 6.7 Insurance 

As soon as is practicable and in any event within 90 days after the end of each Fiscal Year, the Parent shall furnish each Administrative
Agent, for delivery to the Applicable Lenders, with a report in form and substance reasonably satisfactory to each Administrative Agent outlining all material insurance coverage maintained as of the date of such report by the Parent and its
Restricted Subsidiaries and the duration of such coverage. 
 Section 6.8 ERISA Matters 

The Parent shall furnish each Administrative Agent, for delivery to the Applicable Lenders, with each of the following: 

(a)    promptly and in any event within 30 days after a Responsible Officer of the Parent or a Borrower knows, or has
reason to know, that any ERISA Event (except for those events set forth on Schedule 4.16(d) to this Agreement) has occurred that, alone or together with any other ERISA Event, could reasonably be expected to result in liability of the Parent,
a Borrower, any Restricted Subsidiary, any Guarantor and/or any ERISA Affiliate in an aggregate amount exceeding $50,000,000.00, written notice describing the nature thereof, what action the Parent, a Borrower, any Subsidiary, any Guarantor or any
of their respective ERISA Affiliates has taken, is taking or proposes to take with respect thereto and, when known by such Responsible Officer, any action taken or threatened by the IRS, the Department of Labor or the PBGC with respect to such
event; 
 (b)    promptly and in any event within 10 days after a Responsible Officer of the Parent or a Borrower knows,
or has reason to know, that a request for a minimum funding waiver under Section 412 of the Code has been filed with respect to any Title IV Plan, a written statement of an Authorized Officer of the Parent describing such waiver request and the
action, if any, the Parent, a Borrower, their respective Subsidiaries and their respective ERISA Affiliates propose to take with respect thereto and a copy of any notice filed with the PBGC or the IRS pertaining thereto; 

(c)    simultaneously with the date that the Parent, a Borrower, any Subsidiary or any ERISA Affiliate files with the PBGC
a notice of intent to terminate any Title IV Plan, if, at the time of such filing, such termination would require material additional contributions in order to be considered a standard termination within the meaning of Section 4041(b) of ERISA,
a copy of each notice; and 
 (d)    promptly, copies of (i) each Schedule B (Actuarial Information) to the annual
report (Form 5500 Series) filed by the Parent, a Borrower, any Subsidiary, any Guarantor or any of their respective ERISA Affiliates with the IRS with respect to each Title IV Plan; (ii) all notices received by the Parent, a Borrower, any
Subsidiary, any Guarantor or any of their respective ERISA Affiliates from a Multiemployer Plan sponsor concerning an ERISA Event that, alone or together with any other ERISA Event, could reasonably be expected to result in liability of the Parent,
a Borrower, any Restricted 

  
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Subsidiary, any Guarantor and/or any ERISA Affiliate in an aggregate amount exceeding $50,000,000.00; and (iii) copies of such other documents or governmental reports or filings relating to
any Employee Benefit Plan as any Administrative Agent shall reasonably request. 
 Section 6.9 Environmental Matters 

The Parent shall provide each Administrative Agent, for delivery to the Applicable Lenders, promptly, and in any event in the case of
clauses (a) through (c) within 20 Business Days after any Responsible Officer of the Parent or any Borrower obtains actual knowledge of any of the following, written notice of each of the following: 

(a)    that any Loan Party or any Mortgaged Vessel is or may be liable to any Person as a result of a Release or
threatened Release that could reasonably be expected to subject such Loan Party to Environmental Liabilities and Costs of $35,000,000.00 or more; 

(b)    the receipt by any Loan Party of notification that any material real or personal property or any Mortgaged Vessel
of such Loan Party is or is reasonably likely to be subject to any Environmental Lien; 
 (c)    the receipt by any Loan
Party of any notice of violation of or potential liability under, or knowledge by a Responsible Officer of the Parent or a Borrower that there exists a condition that could reasonably be expected to result in a violation of or liability under, any
Environmental Law, except for violations and liabilities the consequence of which, in the aggregate, could not reasonably be expected to subject the Loan Parties collectively to Environmental Liabilities and Costs of $35,000,000.00 or more; and 

(d)    promptly following reasonable written request by any Lender through an Administrative Agent, a report providing an
update of the status of any environmental, health or safety compliance, hazard or liability issue identified in any notice or report delivered pursuant to this Section 6.9. 

Section 6.10 Patriot Act Information 

Each Lender, each Issuer, the Collateral Agent and each Administrative Agent (each for itself and not on behalf of any other Person) hereby
notifies the Parent and the Borrowers that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record information that identifies the Parent and the Borrowers, which information includes the name and address of
the Parent and the Borrowers and other information that will allow such Lender, such Issuer or such Administrative Agent, as applicable, to identify the Parent and the Borrowers in accordance with the USA Patriot Act. The Parent and the Borrowers
shall promptly, following a request by any Agent, any Issuer or any Lender, provide all documentation and other information that such Agent, such Issuer or such Lender reasonably requests in order to comply with its ongoing obligations under
applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the USA Patriot Act. 

  
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 Section 6.11 Other Information 

The Parent and each Borrower shall
reasonably promptly provide each Administrative Agent, any Lender or any Issuer with any information reasonably
requested by any Administrative Agent, such Lender or such Issuer through an Administrative Agent respecting the business, properties, condition, financial or otherwise, or operations of the Parent, a Borrower, any Subsidiary or any Joint Venture,
including any information requested by the Revolving and LC Administrative Agent or any Liquidity Lender concerning the calculation of EBITDA in any Compliance Certificate delivered to the Liquidity Lenders pursuant to
Section 6.1(c) in a form acceptable to the Revolving and LC Administrative Agent. The Revolving and LC Administrative Agent shall provide copies of any written information provided to it pursuant to this Article VI
to any Revolving Lender or LC Lender requesting the same and the Term Loan Administrative Agent shall provide copies of any written information provided to it pursuant to this Article VI to any Term Lender requesting the same. 

ARTICLE VII 

AFFIRMATIVE COVENANTS 

From and after the Effective Date, the Parent and each Borrower jointly and severally agree with the Lenders, the Issuers and each
Administrative Agent to each of the following, as long as any Obligation or any Commitment remains outstanding: 
 Section 7.1 Preservation of
Corporate Existence, Etc. 
 The Parent and the Borrowers shall, and shall cause each of their respective Restricted Subsidiaries to,
preserve and maintain its legal existence, rights (charter and statutory) and franchises, except as permitted by Sections 8.4, 8.5 and 8.6 and except if, in the reasonable business judgment of the Parent or the Borrowers, it is
in the business interest of the Parent, a Borrower or such Restricted Subsidiary not to preserve and maintain such legal existence (except with respect to the Borrowers), rights (charter and statutory) and franchises, and such failure to preserve
the same could not reasonably be expected to have a Material Adverse Effect and could not reasonably be expected to materially affect the interests of the Secured Parties under the Loan Documents or the rights and interests of any of them in the
Collateral. 
 Section 7.2 Compliance with Laws, Etc. 

(a)    The Parent and the Borrowers shall, and shall cause each of their respective Restricted Subsidiaries to, comply with
all applicable Requirements of Law, Contractual Obligations and Permits, except where the failure so to comply could not reasonably be expected to have a Material Adverse Effect. 

(b)    The Parent and the Borrowers shall at all times maintain in effect and enforce policies and procedures intended to
ensure compliance by the Parent, its Subsidiaries and their respective directors, officers, employees and agents with applicable Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions. 

  
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 Section 7.3 Conduct of Business 

The Parent and the Borrowers shall, and shall cause each of their respective Restricted Subsidiaries to, (a) conduct its business in the
ordinary course (except for non-material changes in the nature or conduct of its business as carried on as of the Effective Date) and (b) use its reasonable efforts, in the ordinary course, to preserve
its business and the goodwill and business of the customers, suppliers and others having business relations with the Parent, the Borrowers, or any of its Restricted Subsidiaries, except where the failure to comply with the covenants in each of
clauses (a) and (b) above could not reasonably be expected to have a Material Adverse Effect. 
 Section 7.4 Payment of
Taxes, Etc. 
 The Parent and the Borrowers shall, and shall cause each of their respective Restricted Subsidiaries to, pay and
discharge before the same shall become delinquent, all lawful governmental claims, Taxes, assessments, charges and levies, except where (a) contested in good faith, by proper proceedings and adequate reserves therefor have been established on
the books of the Parent, the Borrowers or the appropriate Restricted Subsidiary in conformity with GAAP or (b) the failure to so pay and discharge could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 7.5 Maintenance of Insurance 

The Parent and the Borrowers shall, and shall cause each of its Restricted Subsidiaries to, (a) maintain insurance with responsible and
reputable insurance companies or associations in such amounts and covering such risks as, in the reasonable determination of the Parent, is usually carried by companies engaged in similar businesses and owning similar properties in the same general
areas in which the Parent or such Subsidiary operates; provided that, with respect to the Mortgaged Vessels, the Parent shall be required to provide or cause to be provided only such insurance as is required by the Collateral Documents,
(b) the Parent, the Borrowers and each other applicable Loan Party shall, without limiting the foregoing, at all times, (i) maintain, if available, fully paid flood hazard insurance with respect to each Mortgaged Property containing a
Building (as defined in Section 208.25 of Regulation H of the FRB) that is located in a special flood hazard area, as designated by the Federal Emergency Management Agency of the United States Department of Homeland Security
(“FEMA”), on such terms and in such amounts as required by The National Flood Insurance Reform Act of 1994 or as otherwise reasonably required by the Collateral Agent, (ii) upon request, furnish to the Collateral Agent, for
delivery to the Applicable Lenders, evidence of the renewal of all such policies, and (iii) furnish to the Collateral Agent, for delivery to the Lenders, written notice of any redesignation by FEMA of any such Building into or out of a special
flood hazard area promptly upon obtaining knowledge of such redesignation. Additionally, the Parent and the Borrowers shall deliver to the Collateral Agent, for delivery to the Lenders, (x) standard flood hazard determination forms and
(y) if any Mortgaged Property is located in a special flood hazard area (A) notices to (and confirmations of receipt by) such Loan Party as to the existence of a special flood hazard and, if applicable, the unavailability of flood hazard
insurance under the National Flood Insurance Program and (B) evidence of applicable 

  
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flood insurance, if available, in each case in such form, on such terms and in such amounts as required by The National Flood Insurance Reform Act of 1994 or as otherwise required by the
Collateral Agent, and (c) cause all property and general liability insurance policies (i) to name the Collateral Agent on behalf of the Secured Parties as additional insured with respect to liability policies or lender’s loss payee
with respect to property policies (or a loss payee for any property policy the insurance provider for which will not agree to provide a lender’s loss payee endorsement), as appropriate, and (ii) to provide that no cancellation shall be
effective until at least 30 days after receipt by the Collateral Agent of written notice thereof (and the Borrowers jointly and severally agree to provide to each Administrative Agent prompt written notice of any material change in amount or
material change in coverage). Subject to Section 2.12(b), so long as an Event of Default is not then continuing, the Collateral Agent, on behalf of the Secured Parties, agrees to promptly release, endorse and turn over to
the Parent or the applicable Subsidiary any insurance proceeds received by the Collateral Agent. 
 Section 7.6 Access 

The Parent and the Borrowers shall from time to time during normal business hours permit any Administrative Agent, the Collateral Agent, the
Lenders, the Issuers, or any agents or representatives thereof within two Business Days after written notification of the same (except that during the continuance of an Event of Default, no such notice shall be required) to (a) examine and make
copies of and abstracts from the records and books of account of the Parent, the Borrowers and each of their respective Subsidiaries, (b) visit the properties of the Parent, the Borrowers and each of their respective Subsidiaries,
(c) discuss the affairs, finances and accounts of the Parent, the Borrowers and each of their respective Subsidiaries with any of their respective officers or directors (subject to their availability, taking into account business travel and
vacations) and (d) examine their respective financial and accounting records and other material data relating to their respective businesses or the transactions contemplated hereby (including, without limitation, in connection with
environmental compliance, hazard or liability); provided that the Parent will not be required to permit any examination or visit as set forth in clauses (a) and (b) above with respect to each of the Administrative Agents
and the Lenders (or any agents or representatives thereof) unless such visit is coordinated through an Administrative Agent. 
 Section 7.7
Keeping of Books 
 The Parent and the Borrowers shall, and shall cause each of their respective Subsidiaries to, keep proper
books of record and account, in which full and correct entries shall be made of the financial transactions and assets and business of the Parent, the Borrowers and each of their respective Subsidiaries; provided that the consolidated books of
the Parent, the Borrowers and each of their respective Subsidiaries shall be in conformity with GAAP on a consolidated basis. 
 Section 7.8
Maintenance of Properties, Etc. 
 (a)    The Parent and the Borrowers shall, and shall cause each of
their respective Subsidiaries to, maintain and preserve (i) in good working order and condition 

  
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(ordinary wear and tear excepted) all of its properties necessary in the conduct of its business, (ii) all rights, permits, licenses, approvals and privileges (including all Permits)
necessary in the conduct of its business and (iii) all Material Intellectual Property (such term as used in this Section 7.8(a) only shall have the meaning assigned to it in the Pledge and Security Agreement), except
where failure to so maintain and preserve the items set forth in clauses (i), (ii) and (iii) above could not reasonably be expected to have a Material Adverse Effect; provided that, with respect to the Mortgaged
Vessels, the Parent and the Borrowers will, or will cause the Mortgaged Vessel Owning Subsidiaries to, maintain and keep such Mortgaged Vessels in such condition, repair and working order as is required by the Collateral Documents. 

(b)    TheExcept as permitted by Section 8.4, the Parent and the Borrowers shall cause all Material Intellectual Property to be owned by a Loan Party.

 Section 7.9 Application of Proceeds 

The Borrowers shall use the entire amount of the proceeds of the Loans as provided in Section 4.13. 

Section 7.10 Environmental 

(a)    The Parent and the Borrowers shall, and shall cause each of its Restricted Subsidiaries to, exercise reasonable due
diligence in order to comply in all material respects with all Environmental Laws. 
 (b)    The Parent agrees that each
Administrative Agent may, from time to time, retain, at the expense of the Parent, an independent professional consultant reasonably acceptable to the Parent to review any report relating to Contaminants prepared by or for the Parent or the
Borrowers and to conduct its own investigation (the scope of which investigation shall be reasonable based upon the circumstances) of any property currently owned, leased, operated or used by the Parent, the Borrowers or any of their respective
Restricted Subsidiaries, if (x) a Default or an Event of Default shall have occurred and be continuing, or (y) such Administrative Agent reasonably believes (1) that an occurrence relating to such property is likely to give rise to
any Environmental Liabilities and Costs in excess of $35,000,000.00 or (2) that a violation of an Environmental Law on or around such property has occurred or is likely to occur, which could, in either such case, reasonably be expected to
result in Environmental Liabilities and Costs in excess of $35,000,000.00, provided that, unless an Event of Default shall have occurred and be continuing, such consultant shall not drill on any property of the Parent or any of its Restricted
Subsidiaries without the Parent’s prior written consent. The Parent and the Borrowers shall use their reasonable efforts to obtain for each Administrative Agent and its agents, employees, consultants and contractors the right, upon reasonable
notice to Parent, to enter into or on to the facilities or Mortgaged Vessels currently owned, leased, operated or used by the Parent, a Borrower or any of their respective Restricted Subsidiaries to perform such tests on such property as are
necessary to conduct such a review and/or investigation. Any such investigation of any property shall be conducted, unless otherwise agreed to by the Parent and the Applicable Administrative Agent, during normal business

  
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hours and shall be conducted so as not to unreasonably interfere with the ongoing operations at any such property or Mortgaged Vessel or to cause any damage or loss at such property or Mortgaged
Vessel. The Parent, the Borrowers and each Administrative Agent hereby acknowledge and agree that any report of any investigation conducted at the request of any Administrative Agent pursuant to this subsection will be obtained and shall be used by
such Administrative Agent and the Lenders for the purposes of the Lenders’ internal credit decisions, to monitor the Loans and Letter of Credit Obligations and to protect the Lenders’ security interests created by the Loan Documents, and
each Administrative Agent and the Lenders hereby acknowledge and agree any such report will be kept confidential by them to the extent permitted by law except as provided in the following sentence. Each Administrative Agent agrees to deliver a copy
of any such report to the Parent with the understanding that the Parent acknowledges and agrees that (i) it will indemnify and hold harmless each Administrative Agent and each Lender from any costs, losses or liabilities relating to the
Parent’s use of or reliance on such report, (ii) no Administrative Agent nor any Lender makes any representation or warranty with respect to such report, and (iii) by delivering such report to the Parent, no Administrative Agent nor
any Lender is requiring or recommending the implementation of any suggestions or recommendations contained in such report. 

(c)    Promptly after a Responsible Officer of the Parent or any Borrower obtains actual knowledge thereof, the Parent or
such Borrower shall advise each Administrative Agent, for delivery to the Applicable Lenders, in writing and in reasonable detail of (i) any Release or threatened Release of any Contaminants required to be reported by the Parent or its
Restricted Subsidiaries, to any Governmental Authorities under any applicable Environmental Laws and which could reasonably be expected to have Environmental Liabilities and Costs in excess of $35,000,000.00, (ii) any and all written communications
with respect to any pending or threatened claims under Environmental Law in each such case which, individually or in the aggregate, have a reasonable possibility of giving rise to Environmental Liabilities and Costs in excess of $35,000,000.00,
(iii) any Remedial Action performed by the Parent or any other Person in response to (x) any Contaminants on, under or about any property, the existence of which has a reasonable possibility of resulting in Environmental Liabilities and Costs
in excess of $35,000,000.00, or (y) any other Environmental Liabilities and Costs that could reasonably be expected to result in Environmental Liabilities and Costs in excess of $35,000,000.00, (iv) discovery by the Parent or its Restricted
Subsidiaries of any occurrence or condition on any material property that could cause the Parent’s or its Restricted Subsidiaries’ interest in any such property to be subject to any restrictions on the ownership, occupancy, transferability
or use thereof under any applicable Environmental Laws or Environmental Liens other than those that could not reasonably be expected to result in a Material Adverse Effect, and (v) any written request for information from any Governmental
Authority that fairly suggests such Governmental Authority is investigating whether the Parent or any of its Restricted Subsidiaries may be potentially responsible for a Release or threatened Release of Contaminants which has a reasonable
possibility of giving rise to Environmental Liabilities and Costs in excess of $35,000,000.00. 
 (d)    The Parent
shall promptly notify each Administrative Agent, for delivery to the Applicable Lenders, of (i) any proposed acquisition of Stock, assets, or 

  
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property by the Parent or any of its Restricted Subsidiaries that could reasonably be expected to expose the Parent or any of its Restricted Subsidiaries to, or result in, Environmental
Liabilities and Costs in excess of $35,000,000.00 and (ii) any proposed action to be taken by the Parent or any of its Restricted Subsidiaries to commence manufacturing, industrial or other similar operations that could reasonably be expected
to subject the Parent or any of its Restricted Subsidiaries to additional Environmental Laws, that are materially different from the Environmental Laws applicable to the operations of the Parent or any of its Subsidiaries as of the Effective Date.

 (e)    The Parent shall, at its own expense, provide copies of such documents or information as an Administrative
Agent or Lender may reasonably request in relation to any matters disclosed pursuant to this Section 7.10. 

(f)    To the extent required by Environmental Laws or Governmental Authorities under applicable Environmental Laws, the
Parent shall promptly take, and shall cause each of its Restricted Subsidiaries promptly to take, any and all necessary Remedial Action in connection with the presence, handling, storage, use, disposal, transportation or Release or threatened
Release of any Contaminants on, under or affecting any property in order to comply in all material respects with all applicable Environmental Laws and Governmental Authorities under applicable Environmental Laws. In the event the Parent or any of
its Restricted Subsidiaries undertakes any Remedial Action with respect to the presence, Release or threatened Release of any Contaminants on or affecting any property, the Parent or any of its Subsidiaries shall conduct and complete such Remedial
Action in material compliance with all applicable Environmental Laws, and in material accordance with the applicable policies, orders and directives of all relevant Governmental Authorities except when, and only to the extent that, the Parent or any
such Subsidiaries’ liability for such presence, handling, storage, use, disposal, transportation or Release or threatened Release of any Contaminants is being contested in good faith by Parent or any of such Subsidiaries. In the event the
Parent fails to take required actions to address such Release or threatened Release of Contaminants or to address a violation of or liability under Environmental Law, any Administrative Agent may, upon providing the Parent with 20 Business
Days’ prior written notice, enter the property and, at the Parent’s sole expense, perform whatever action such Administrative Agent reasonably deems prudent to rectify the situation. 

Section 7.11 Additional Collateral and Guaranties 

To
Subject to the Senior Intercreditor Agreement, to the extent not delivered to each Administrative Agent or Collateral
Agent, as applicable, on or before the Effective Date, the Parent and the Borrowers jointly and severally agree to do promptly each of the following (in each case subject to the Security Principles): 

(a)    execute and deliver and cause each Guarantor to execute and deliver to each Administrative Agent such amendments to
the Collateral Documents or enter into such new Collateral Documents as are necessary, or deemed by an Administrative Agent or the Collateral Agent to be reasonably advisable, in order to grant to the Collateral Agent, for the ratable benefit of the
Secured Parties, a security interest in the Stock and Stock 

  
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Equivalents and other debt Securities of any Subsidiary (other than Excluded Assets (as defined in the Pledge and Security Agreement) that are owned by the Parent, a Borrower or any other
Guarantor and to perfect such Lien as a first-priority Lien (it being understood that such actions shall be required in the United States of America and, at the reasonable request of any Administrative Agent, any other jurisdiction); 

(b)    deliver and cause each Guarantor to deliver to the Collateral Agent the certificates (if any) representing such
Stock and Stock Equivalents and other debt Securities, together with (A) in the case of such certificated Stock and Stock Equivalents, undated stock powers or other instruments of transfer endorsed in blank and (B) in the case of such
certificated debt Securities, endorsed in blank, in each case executed and delivered by a Responsible Officer of the Parent, a Borrower or other Guarantor, as the case may be; 

(c)    in the case of any Material Wholly-Owned Subsidiary, cause such Subsidiary (x) in the case of any direct
holder of equity interests in a Borrower, concurrently with such Person acquiring such equity interests in a Borrower and (y) otherwise, not later than 30 days (or such later date permitted by each Administrative Agent in its sole discretion)
after the earlier of the date of delivery of any Compliance Certificate or the deadline for delivery of such Compliance Certificate, (A) to become a Guarantor, (B) to become a party to the Pledge and Security Agreement (or another security
instrument executed and delivered by such Material Wholly-Owned Subsidiary in form and substance satisfactory to each Administrative Agent, pursuant to which such Material Wholly-Owned Subsidiary grants a Lien to the Collateral Agent) and the
applicable Collateral Documents and (C) to take such actions necessary or advisable to grant to the Collateral Agent, for the ratable benefit of the Secured Parties, a security interest, and to perfect such security interest, in the Collateral
described in the Collateral Documents with respect to such Subsidiary, including the filing of UCC financing statements in such jurisdictions as may be required by the Collateral Documents or by law or as may be reasonably requested by any
Administrative Agent or the Collateral Agent (it being understood that such actions shall be required in the United States of America and, at the reasonable request of an Administrative Agent or the Collateral Agent, any other jurisdiction);
provided that if any non-U.S. Subsidiary is an Excluded Subsidiary solely as a result of such Subsidiary’s Guarantee having been prohibited by (A) any Governmental Authority with authority
over such Subsidiary or (B) applicable law, or such Subsidiary’s Guarantee would result in a substantial risk to the officers or directors of such Subsidiary or a civil or criminal liability, at the reasonable request of an Administrative
Agent or the Collateral Agent, the Parent shall diligently pursue any relevant governmental or third party consents or other authority to permit such Subsidiary to create or perfect a security interest in such Collateral or to mitigate such risk of
liability. 
 (d)    if any Loan Party owns or acquires any marine vessel other than an Excluded Vessel with a Fair
Market Value in excess of $10,000,000.00, then such Loan Party shall execute and deliver such mortgages and other security instruments as shall be necessary to cause such vessel to become a Mortgaged Vessel subject to a perfected first-priority
security interest (subject to any permitted Liens specified in the applicable Mortgage) within 20 Business Days of such Person becoming a Loan Party or such acquisition, as applicable; 

  
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 (e)    if the Fair Market Value of any marine vessel owned by any Loan
Party (other than an Excluded Vessel) increases to an amount in excess of $10,000,000.00 because of improvements to such marine vessel, then such Loan Party shall, within 20 Business Days of a Responsible Officer of the Parent learning of such
increase in Fair Market Value, execute and deliver such mortgages and other security instruments as shall be necessary to cause such vessel to become a Mortgaged Vessel subject to a perfected first-priority security interest (subject to any
permitted Liens specified in the applicable Mortgage); 
 (f)    if requested by any Administrative Agent or Collateral
Agent, deliver to each Administrative Agent, the Collateral Agent and the other Secured Parties customary legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably
satisfactory to such Agent. 
 Section 7.12 Real Property 

With respect to any (a) fee interest in any Real Property located in the United States with a reasonably estimated Fair Market Value of
$10,000,000.00 or more, or, upon the request of the Collateral Agent, any leasehold interest in any Real Property (other than in respect of any leasehold interest in any Real Property used primarily for offices of the Parent or any of its
Subsidiaries) with net lease payments of more than $10,000,000.00 annually and (b) any fee interest in any Real Property located outside of the United States with a reasonably estimated Fair Market Value of $5,000,000.00 or more, or, upon the
request of the Collateral Agent, any leasehold interest in any Real Property (other than in respect of any leasehold interest in any Real Property used primarily for offices of the Parent or any of its Subsidiaries) with net lease payments of more
than $5,000,000.00 annually, in each case acquired or leased after the Effective Date by the Parent, a Borrower or any other Loan Party (other than any such Real Property acquired with Indebtedness permitted by
Section 8.1(d), or (m)), the Parent or the applicable Loan Party shall promptly (and, in any event, within 60 days following the date of such acquisition or such later date permitted by the Collateral Agent in its
sole discretion) (i) subject to the terms of the Senior Intercreditor Agreement, execute and deliver a first
priority Mortgage (subject only to Liens permitted by this Agreement) in favor of the Collateral Agent, for the benefit of the Secured Parties, covering such Real Property and complying with the provisions herein and in the Collateral Documents, and
shall take such further action and deliver or cause to be delivered such further documents as the Collateral Agent may reasonably request to effect the transactions contemplated by the provisions herein and in the Collateral Documents;
provided that no delivery of a Mortgage under this clause (i) shall occur on or before the Effective Date, (ii) if reasonably requested by the Collateral Agent and available in such jurisdiction, (1) provide the Secured
Parties with title reports and title insurance policies (with endorsements) in an amount at least equal to the purchase price of such Real Property (or such other amount as the Collateral Agent shall reasonably specify), and if applicable,
(2) lease estoppel certificates, (3) provide the Secured Parties with evidence of zoning compliance, ALTA surveys, appraisals, environmental assessments and reports, mortgage tax affidavits and declarations and other customary similar
information and related affidavits and certifications as are reasonably requested by, and in form and substance reasonably acceptable to, the Collateral Agent from time to time, and (4) provide 

  
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the Secured Parties with evidence that the casualty and other insurance (including, without limitation, flood insurance) required pursuant to the Loan Documents is in full force and effect;
provided that with respect to any Real Property being added as Collateral, the Parent shall give at least 60 days’ prior written notice to the Collateral Agent and each Administrative Agent (for delivery to the Applicable Lenders) prior
to pledging such Real Property to the Collateral Agent, and, upon confirmation from the Collateral Agent and each Lender that all flood insurance due diligence and flood insurance compliance verification with the Flood Disaster Protection Act and
regulations promulgated pursuant thereto has been completed (it being understand that a Lender shall be deemed to have confirmed completion unless it shall object thereto by written notice to the Collateral Agent within such 60-day period), such Real Property may be pledged, all in form and substance reasonably satisfactory to the Collateral Agent; provided further, however, that notwithstanding anything to the
contrary in any of the foregoing, no Mortgage described in this Section 7.12 shall be completed prior to the receipt by each Lender of each item requested in clause (ii) above and any other information as needed
for each Lender to conduct its flood due diligence, and any applicable time periods for any Loan Party to deliver such Mortgage pursuant to the Loan Documents will be automatically and with no further action extended to a reasonable period of time
after such receipt (it being understand that a Lender shall be deemed to have confirmed receipt unless it shall advise otherwise by written notice to the Collateral Agent within such 60-day period), and
(iii) if reasonably requested by an Administrative Agent or the Collateral Agent, deliver to each Administrative Agent, the Collateral Agent and the other Secured Parties legal opinions relating to the matters described above, which opinions
shall be in form and substance, and from counsel, reasonably satisfactory to each Administrative Agent and the Collateral Agent requesting the same. 

Section 7.13 Undertaking with Respect to NO 105 

Within
Subject to the terms of the Senior Intercreditor Agreement, within 45 days (or such longer period permitted by each
Administrative Agent in its sole discretion) following the repayment in full of the NO 105 Indebtedness (it being agreed that such 45-day period shall not commence until repayment in full of the NO 105 Indebtedness has been completed and all related termination and release documents have been properly tendered, filed and/or registered, as
applicable), the Parent or the applicable Subsidiary of the Parent shall execute and deliver such mortgages and other security instruments as shall be necessary to cause the NO 105 to become a Mortgaged Vessel subject to a perfected
first-priority security interest (other than permitted Liens specified in the applicable Mortgage, but in each case, which vessel shall not be subject to any other Liens securing Indebtedness for borrowed money other than those subject to the Senior Intercreditor Agreement). 

Section 7.14 Additional Undertakings 

The Borrowers shall (a) deliver to each Administrative Agent each of the agreements, documents, instruments or certificates described on
Schedule 7.14, each in form and substance reasonably satisfactory to each Administrative Agent and (b) perform each of the actions described on Schedule 7.14, in each case by the date set forth opposite

  
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each such item or action on Schedule 7.14 or such later date permitted by each Administrative Agent in its sole discretion. 

Section 7.15 Maintenance of Rating 

The Parent will at all times from and after the Effective Date use commercially reasonable efforts to maintain public ratings with (but not maintain a specific public rating) S&P and Moody’s with respect to a Borrower and the Parent, as
applicable, and the Term Loans and will use commercially reasonable efforts to cause such rating to be updated on an annual basis. The Parent or the applicable Borrower will provide each Administrative Agent with a copy of any such credit rating
promptly following receipt thereof. 
 ARTICLE VIII 

NEGATIVE COVENANTS 

From and after the Effective Date, the Parent and each Borrower jointly and severally agree with the Lenders, the Issuers and each
Administrative Agent to each of the following, as long as any Obligation or any Commitment remains outstanding: 
 Section 8.1 Indebtedness

 None of the Parent or any Borrower shall (x) and shall not permit any Captive Insurance Subsidiary or any of the Parent’s
Restricted Subsidiaries to, directly or indirectly create, incur, assume or otherwise become or remain directly or indirectly liable with respect to any Indebtedness or (y) issue Disqualified Stock except for the following: 

(a)    the Obligations; 

(b)    Indebtedness existing on the Effective Date and disclosed on Schedule 8.1; 

(c)    Guaranty Obligations incurred by any Loan Party in respect of Indebtedness of any Loan Party that is permitted by
this Section 8.1; 
 (d)    (i) secured Indebtedness of the Parent or any Restricted
Subsidiary including Capital Lease Obligations and purchase money Indebtedness incurred by the Parent or a Restricted Subsidiary of the Parent to finance (concurrently with or within 90 days after) the acquisition of tangible property (including
marine vessels) and Indebtedness in respect of sale and leaseback transactions permitted under Section 8.13 and (ii) unsecured Indebtedness of the Parent or any Restricted Subsidiary, not to exceed an aggregate
outstanding principal amount of $10,000,000.00 at any time; for all of the foregoing Indebtedness described in clauses (i) and (ii) above not to exceed an aggregate outstanding principal amount of $400,000,000.00 at any time; 

(e)    
(i) Refinancing Indebtedness in respect of Indebtedness permitted by clause (b) above (other than the NO 105
Indebtedness), clauses (m) and (r) below or 

  
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this clause (e)(i) and (ii) Refinancing Senior Notes Indebtedness in
respect to Indebtedness permitted by clause (r)(i) below and increases thereof in lieu of cash payments of interest; 

(f)    Indebtedness arising from intercompany loans that are Investments permitted under, or not prohibited by,
Section 8.5 (i) from any Loan Party to any other Loan Party; (ii) from any Subsidiary of the Parent to any Loan Party;
(iii) from any Subsidiary of the Parent that is not a Loan Party to any Restricted Subsidiary of the Parent that
is not a Loan Party; or (iv) from any Loan Party to any Restricted Subsidiary of the Parent that is not a Loan
Party; provided, however, that 
  

	 	(A)	 all such Indebtedness of the types described in clauses (i), (ii) and (iv) above is
evidenced by the Global Intercompany Note, subject, except as provided under the Senior Intercreditor Agreement, to a first priority Lien pursuant to the
Pledge and Security Agreement or another Collateral Document if the payee is a Loan Party, 

  

	 	(B)	 all such Indebtedness of the type described in clause (ii) above may not be paid when an Event of
Default exists, unless such payment is being made to a Loan Party, and 

  

	 	(C)	 any payment by any Guarantor under any guaranty of the Obligations shall result in a pro tanto reduction
of the amount of any Indebtedness owed by such Guarantor to the Borrowers or to any of the other Loan Parties for whose benefit such payment is made; 

(g)    Permitted Term Refinancing
Debt;[reserved]; 

(h)    Indebtedness under or in respect of Hedging Contracts that are not speculative in nature; 

(i)    Indebtedness in respect of Treasury Management Arrangements; 

(j)    Indebtedness in respect of any insurance premium financing for insurance being acquired by the Parent or any
Restricted Subsidiary under customary terms and conditions and not in connection with the borrowing of money; 

(k)    Alternate Program Indebtedness in an aggregate principal amount not to exceed $400,000,000.00 at any time
outstanding; 
 (l)    Amazon Permitted Debt (including any unsecured Guaranty Obligations in respect thereof) in an
aggregate principal amount not to exceed $285,000,000.00 at any time outstanding; 
 (m)    Indebtedness assumed in
connection with (but not in anticipation of) an Acquisition permitted under Section 8.3; 

  
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 (n)    Indebtedness in respect of matured or drawn Performance
Guarantees, provided that such Indebtedness is reimbursed or extinguished within 5 Business Days of being matured or drawn; 

(o)    Indebtedness in respect of letters of credit, bank guarantees and other similar obligations in an aggregate
outstanding amount not to exceed $400,000,000.00 at any time; 
 (p)    Indebtedness owed to Horton CBI, Limited in an aggregate outstanding principal amount not to exceed $100,000,000.00 at any time; provided, that such Indebtedness shall be
expressly subordinate to the payment in full in cash of the Obligations on terms satisfactory to each Administrative Agent;
[Reserved];  

(q)    Indebtedness evidenced by letters of credit, bank guarantees or other similar instruments in an aggregate face
amount not to exceed at any time $150,000,000.00 issued in the ordinary course of business to secure obligations of the Parent and its Restricted Subsidiaries under workers’ compensation and other social security programs, and Contingent
Obligations with respect to any such permitted letters of credit, bank guarantees or other similar instruments; 

(r)    (i) Indebtedness in respect of the Senior Notes and/or the Bridge Loans and the guarantees of the Loan Parties in
respect of such Indebtedness and (ii) other unsecured Junior Priority Indebtedness issued by the Parent or one or both U.S. Borrowers and any Guaranty Obligations of a Loan Party in respect thereof in an unlimited principal amount so long as
the Leverage Ratio does not exceed 3.00:1.00 on a pro forma basis after giving effect to the incurrence of such Junior Priority Indebtedness and the use of proceeds thereof; provided that in respect of this clause (ii), no Default or
Event of Default has occurred and is continuing or would result from the incurrence thereof; 
 (s)    unsecured
Indebtedness incurred by any Borrower or any other Subsidiary Guarantor and owing to a Joint Venture in which any Borrower or any other Subsidiary Guarantor owns any interest in an aggregate outstanding amount not to exceed $750,000,000.00 at any
time; 
 (t)    Indebtedness in respect of Other Specified Permitted Sale/Leasebacks at any time; 

(u)    Indebtedness under the
Exchangeable Notes; and[reserved];  

(v)    Investments permitted under Section 8.5 constituting Indebtedness; and 

(w)    Indebtedness in respect to the Priming Credit Agreement Obligations and
the guarantees of the Loan Parties in respect of such Indebtedness in an outstanding principal amount not to exceed $1,700,000,000.00 less the amount of any repayments of principal of the Term Loans (as defined in the Priming Credit Agreement) and
reductions of commitments under the Priming Credit Agreement. 

  
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 Section 8.2 Liens, Etc. 

The Parent and the Borrowers shall not, and shall not permit any of its Restricted Subsidiaries to, create or suffer to exist any Lien upon or
with respect to any of their respective properties or assets, whether now owned or hereafter acquired, or assign, or permit any of its Restricted Subsidiaries to assign, any right to receive income, except for the following: 

(a)    Liens created pursuant to the Loan Documents securing the Obligations; 

(b)    Liens existing on the Effective Date and disclosed on Schedule 8.2; 

(c)    Customary Permitted Liens; 

(d)    Liens securing Indebtedness permitted under Section 8.1(d) or (m): 

(i)    in assets that are not Collateral (other than equipment); 

(ii)    in property subject to and acquired, constructed or improved with the proceeds of a Capital Lease
or purchase money Indebtedness (including any sale and leaseback transaction permitted under Section 8.13), in each case if (A) the Indebtedness secured thereby is incurred within 90 days after the date of such
acquisition, construction or improvement of such property and does not exceed the lesser of the cost or Fair Market Value of such property at the time of such acquisition, construction or improvement and (B) such Liens do not apply to any other
property (other than proceeds of such acquired, constructed or improved property) or assets of the Parent or any of its Restricted Subsidiaries; or 

(iii)    to which any property is subject at the time of the Parent’s or a Restricted
Subsidiary’s acquisition thereof on or after the Effective Date in accordance with this Agreement if such Liens do not apply to any other property (other than proceeds of such acquired property) of the Parent or any of its Restricted
Subsidiaries; 
 (e)    any Lien securing the renewal, extension, refinancing or refunding of any Indebtedness (other
than the NO 105 Indebtedness) secured by any Lien permitted by clause (b) or (d) above or this clause
(e) without any material change in the assets subject to such Lien; 
 (f)    Liens in favor of lessors
securing operating leases not prohibited hereunder; 
 (g)    Liens arising out of judgments or awards and not
constituting an Event of Default under Section 9.1(g); 
 (h)    Liens encumbering inventory, work-in-process and related property in favor of customers or suppliers securing obligations and other liabilities (other than

  
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Indebtedness) to such customers or suppliers to the extent such Liens are granted in the ordinary course of business and are consistent with past business practices; 

(i)    Liens on pledged cash of the Parent and its Restricted Subsidiaries required for notional cash pooling arrangements
in the ordinary course of business; 
 (j)    Liens with respect to foreign exchange netting arrangements and other
treasury or cash management arrangements to the extent incurred in the ordinary course of business and consistent with past business practices; provided that the aggregate outstanding amount of all such obligations and liabilities secured by
such Liens shall not exceed $50,000,000.00 at any time; 
 (k)    Liens securing insurance premium financing permitted
under Section 8.1(j) under customary terms and conditions; provided that no such Lien may extend to or cover any property other than the insurance being acquired with such financing, the proceeds thereof and any
unearned or refunded insurance premiums related thereto; 
 (l)    Liens not otherwise permitted by the foregoing
clauses of this Section 8.2 securing obligations or other liabilities of the Parent or any Restricted Subsidiary of the Parent; provided, however, that the aggregate outstanding amount of all such obligations
and liabilities secured by such Liens shall not exceed the greater of (x) $200,000,000.00 and (y) 2.5% of Total Assets at any time; 

(m)    Liens on the Amazon and the Amazon Equipment securing Amazon Permitted Debt; 

(n)    Liens securing reimbursement obligations in respect of Extended Letters of Credit; 

(o)    Liens on receivables and related rights sold or purported to be sold pursuant to any Alternate Program in
accordance with Section 8.4(k) (or any document executed by the Parent or any Restricted Subsidiary of the Parent in connection therewith); 

(p)    
[reserved]; 

(q)    (p) Liens on Collateral securing Permitted Term Refinancing Debt and are subject to an Intercreditor Agreement;     (q) Liens on Collateral securing (i) reimbursement or other obligations in an aggregate amount not to exceed at any time the Additional LC Capacity with regard to unmatured or undrawn, as applicable, Performance Guarantees or (ii) for up to 120 days after the Effective Date, obligations in respect of Hedging Contracts;
provided that such Liens are subject to the Collateral Agency and Intercreditor Agreement; 
 (r)    Liens
on assets not constituting Collateral securing Indebtedness permitted under Section 8.1(t); and 

  
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 (s)    Liens on cash, bank accounts and accounts receivable securing
Indebtedness described in Section 8.1(h) and Section 8.1(o) and reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance Guarantees; provided that
the aggregate amount of cash, bank accounts and accounts receivable securing Indebtedness described in Section 8.1(h) shall not exceed $50,000,000.00 at any time and the aggregate amount of cash, bank accounts and accounts
receivable securing Performance Guarantees shall not exceed $300,000,000.00 at any time.; 

(t)    Liens on Collateral securing the Priming Credit Agreement
Obligations and Indebtedness permitted under Section 8.1(h) incurred after the Amendment No. 1 Effective Date in each case that are subject to the Senior Intercreditor Agreement;
and 

(u)    Liens on Collateral securing Refinancing Senior Notes
Indebtedness that are subject to the Junior Intercreditor Agreement.  
 Without limiting
the foregoing limitations, (x) unless the NO 105 is a Mortgaged Vessel, the Parent and the Borrowers shall not, and shall not permit any of their respective Subsidiaries to (i) create or suffer to exist any Lien upon or with respect to the
NO 105 or (ii) assign any right to receive income with respect to the NO 105, in either case to secure Indebtedness for borrowed money other than NO 105 Indebtedness and (y) the Parent and the Borrowers shall not, and shall not permit any
of their respective Subsidiaries to (i) create or suffer to exist any Lien upon or with respect to the Altamira Yard or (ii) assign any right to receive income with respect to the Altamira Yard, in either case to secure Indebtedness for
borrowed money other than hereunder.  

Notwithstanding the foregoing or anything
herein to the contrary, the Parent and the Borrowers shall not, and shall not permit any of its Restricted Subsidiaries to, create or suffer to exist any Lien upon or with respect to any Collateral securing Indebtedness for borrowed money on a
senior basis to the Lien on the Collateral securing the Obligations (other than the liens on Collateral permitted by Sections 8.2(b), (c), (d) and (t)). 

Section 8.3 Acquisitions 
 The
Parent and the Borrowers shall not, and shall not permit any of their respective Restricted Subsidiaries to, directly or indirectly, make any Acquisitions except any non-hostile Acquisition subject to the
satisfaction of each of the following conditions: 
 (a)    if the aggregate consideration in respect of any such
Acquisition exceeds $100,000,000.00, each Administrative Agent shall receive prior written notice of such Acquisition, which notice shall include, without limitation, a description of such Acquisition with such detail as such Administrative Agent
shall reasonably require; 
 (b)    immediately after giving effect to such Acquisition, Liquidity shall not be less
than $200,000,000.00; 

  
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 (c)    within the applicable time periods required pursuant to
Section 7.11 and Section 7.12, after the closing of such Acquisition, the Parent, the Borrowers (or the Restricted Subsidiary making such Acquisition) and the target of such Acquisition (unless it
is a Subsidiary that is not a Material Wholly-Owned Subsidiary) shall have executed such documents and taken such actions as may be required under Section 7.11 and Section 7.12; 

(d)    if such Acquisition involves the acquisition of one or more marine vessels, in each case having a Fair Market Value
in excess of $10,000,000.00, such vessel or vessels, except in the case where acquired using Indebtedness permitted by Section 8.1(m) that is the subject of a Lien permitted under Section 8.2
existing at the time of (but not incurred in anticipation of) any such acquisition, shall within the applicable time periods required pursuant to Section 7.11, become Collateral pursuant to arrangements substantially
similar to those made with respect to similar Mortgaged Vessels on the Effective Date; and 
 (e)    at the time of such
Acquisition and after giving effect thereto, (i) no Default or Event of Default shall have occurred and be continuing, (ii) the statement set forth in Section 3.3(b)(i) shall be true and
(iii) the Borrowers would be in pro forma compliance with Article V for the most recent four quarter period for which financial statements have been delivered pursuant to Section 6.1(a) or (b). 

Section 8.4 Sale of Assets 

The Parent and the Borrowers shall not, and shall not permit any of its Restricted Subsidiaries to, sell, convey, transfer, lease or otherwise
dispose of any of their respective assets or any interest therein (including the sale or factoring of any accounts) to any Person, or permit or suffer any other Person to acquire any interest in any of their respective assets or, in the case of any
Restricted Subsidiary, issue or sell any shares of such Restricted Subsidiary’s Stock or Stock Equivalent (any such disposition being an “Asset Sale”), except for the following: 

(a)    the sale or disposition of inventory (including fabricated projects for customers, such as offshore production
platforms and related components) in the ordinary course of business; 
 (b)    transfers resulting from any taking or
condemnation of any property of the Parent or any of its Restricted Subsidiaries (or, as long as no Default or Event of Default has occurred and is continuing or would result therefrom, deed in lieu thereof); 

(c)    as long as no Default or Event of Default is continuing or would result therefrom, the sale or disposition of
equipment that the Parent reasonably determines is no longer useful in its or its Subsidiaries’ business, has become obsolete, damaged or surplus or is replaced in the ordinary course of business; 

(d)    as long as no Default or Event of Default is continuing or would result therefrom, the lease or sublease or
chartering of property not constituting a sale and leaseback, to the extent not otherwise prohibited by this Agreement or the other Loan Documents; 

  
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 (e)    as long as no Default or Event of Default is continuing or would
result therefrom, discounts, adjustments, settlements and compromises of Accounts and contract claims in the ordinary course of business; 

(f)    any Asset Sale (i) to the Parent, a Borrower or any Loan Party Wholly-Owned by a Borrower or (ii) by any
Restricted Subsidiary that is not a Loan Party to the Parent, a Borrower or another Restricted Subsidiary; 
 (g)    as
long as no Default or Event of Default is continuing or would result therefrom, and subject to Section 2.12(a), any other Asset Sale (other than an Asset Sale in respect of a Mortgaged Vessel or Stock in a Mortgaged Vessel
Owning Subsidiary or any Asset Sale of all or any portion of the Technology Business) for Fair Market Value, at least
75% of which is payable in cash, Cash Equivalents or Specified Other Consideration upon such sale. For purposes of this clause (g), “Specified Other Consideration” shall mean, with respect to any Asset Sale, (i) Non-cash Consideration identified by the Parent to each Administrative Agent in writing as being “Specified Other
Consideration” for such Asset Sale and the amount thereof; provided that the amount of such Non-cash Consideration, together with the amount of Specified Other Consideration described in this clause
(g) for all other Asset Sales after the Effective Date does not exceed $75,000,000.00; and (ii) in connection with any assets or property directly related to the Amazon, the amount
of any liabilities or other obligations of the Parent, a Borrower or any other Restricted Subsidiary that is expressly assumed by the transferee of any such assets or property; 

(h)    any Asset Sale of one or more Mortgaged Properties or Mortgaged Vessels or Stock in a Mortgaged Vessel Owning
Subsidiary or a Subsidiary which directly or indirectly owns a Mortgaged Vessel Owning Subsidiary, subject to Section 2.12(a), and so long as (i) no Default or Event of Default is continuing or would result therefrom,
(ii) the Asset Sale is for Fair Market Value, (iii) except to the extent that a Loan Party receives one or more marine vessels from another Person in trade or exchange for such assets so disposed of, at least 75% of the consideration for
such Asset Sale consists of cash or Cash Equivalents received at closing of such Asset Sale, and (iv) any marine vessel received from another Person in trade or exchange for such assets so disposed of shall concurrently with its acquisition be
added to the Collateral; 
 (i)    as long as no Default or Event of Default is continuing or would result therefrom,
any Asset Sale of the Stock of any Captive Insurance Subsidiary for Fair Market Value, at least 75% of which is payable in cash or Cash Equivalents upon such sale; 

(j)    Asset Sales permitted by Section 8.13; 

(k)    dispositions of any receivables and related rights pursuant to any Alternate Program permitted hereunder; 

(l)    as long as no Default or Event of Default is continuing or would result therefrom, any Asset Sale by the Parent, the Borrowers or any of their respective

  
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Subsidiaries of any equity interests in any Restricted Subsidiaries and the issuance by any sucha Restricted Subsidiary of any equity interests; 

(m)    as long as no Default or Event of Default is continuing or would result therefrom,
non-exclusive assignments and licenses of intellectual property of the Parent and its Restricted Subsidiaries in the ordinary course of business; 

(n)    
subject to Section 2.12(a), any Asset Sale (other than an Asset Sale of a
Mortgaged Vessel) pursuant to a single transaction or series of related transactions in which the Parent or its Restricted Subsidiaries receive aggregate consideration of $10,000,000.00 or less; 

(o)    the sale or disposition of equipment in the ordinary course of business to Joint Ventures and Restricted
Subsidiaries that are not Loan Parties in an aggregate amount since the Effective Date not to exceed $50,000,000.00; and 
 (p)    the sale or disposition of the Beaumont Facility; and 

(q)    as long as no Default or Event of Default is
continuing or would result therefrom, and subject to Sections 2.12(a), any Asset Sale of the Technology Business for Fair Market Value. 

Section 8.5 Restricted Payments 

The Parent and the Borrowers shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, declare, order, pay
or make any sum for any Restricted Payment except for: 
 (a)    Restricted Payments by the Parent to any other Loan
Party; 
 (b)    Restricted Payments by (i) any Restricted Subsidiary of the Parent to any Loan Party or
(ii) any Restricted Subsidiary that is not a Loan Party to another Restricted Subsidiary that is not a Loan Party; 

(c)    Restricted Payments by any Restricted Subsidiary that is not a Wholly-Owned Subsidiary to any Loan Party and to
holders of equity interests in such Restricted Subsidiary to the extent (i) such Restricted Payments are made pro rata among the holders of the equity interests in such Restricted Subsidiary or (ii) pursuant to the terms of the
joint venture, charter, bylaws or other distribution agreement for such Restricted Subsidiary in form and substance expressly approved by each Administrative Agent (such approval not to be unreasonably withheld or delayed); 

(d)    (i) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or
indirect, of any Stock or Stock Equivalents of the Parent or any of its Restricted Subsidiaries (x) made solely with the proceeds received from the exercise of any warrant, option or other similar instrument or (y) that is deemed to occur
upon the cashless exercise of stock options, warrants or other similar instruments and (ii) the repurchase, redemption or other acquisition or retirement for value 

  
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of any Stock or Stock Equivalents of the Parent or any Restricted Subsidiary held by any current or former officer, director or employee pursuant to any equity-based compensation plan, equity
subscription agreement, stock option agreement, shareholders’ agreement or similar agreement (including pursuant to the “Chicago Bridge & Iron 2008 Long-Term Incentive Plan, as Amended”) in an aggregate amount not to exceed
(a) $15,000,000.00 for any Fiscal Year plus (b) unused amounts from preceding Fiscal Years; provided that amounts under this clause (d)(ii) shall not exceed $45,000,000.00 in the aggregate after the Effective Date; 

(e)    [Reserved]; reserved]; 

(f)    Investments existing on the Effective Date and disclosed on Schedule 8.5, and any refinancings of such
Investments to the extent constituting Indebtedness otherwise permitted under Section 8.1(b), provided such refinancing complies with the provisions of Section 8.1(e); 

(g)    Investments in cash and Cash Equivalents; 

(h)    Investments in accounts, contract rights and chattel paper (each as defined in the UCC), notes receivable and
similar items arising or acquired from the sale of Inventory in the ordinary course of business consistent with the past practice of the Parent and its Restricted Subsidiaries; 

(i)    Investments received in settlement of amounts due to the Parent or any Restricted Subsidiary of the Parent effected
in the ordinary course of business; 
 (j)    Investments by (i) any Loan Party in any other Loan Party or
(ii) a Restricted Subsidiary of the Parent that is not a Loan Party in the Parent or any other Restricted Subsidiary of the Parent; 

(k)    loans or advances to employees of the Borrower or any of its Restricted Subsidiaries (or guaranties of loans and
advances made by a third party to employees of the Borrower or any of its Restricted Subsidiaries) in the ordinary course of business in an aggregate outstanding principal amount not to exceed $1,000,000.00 at any time; 

(l)    Guaranty Obligations permitted by Section 8.1; 

(m)    other direct or indirect Investments, including Letters of Credit and other credit support obligations, in
Subsidiaries that are not Guarantors or Joint Ventures that are not Guarantors and that are in each case engaged in an Eligible Line of Business if the aggregate amount thereof does not exceed $500,000,000.00 at any time; provided that after
giving effect to such Investments, all Material Intellectual Property shall be owned by a Loan Party; 

(n)    Investments constituting Acquisitions permitted by Section 8.3; 

  
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(o)    Restricted Payments expressly set
forth in the Parent Registration Statement as of the Execution Date; 
 (o)    (p) [Reserved]; 

(p)    
[Reserved]; 

(q)    
 (x) contributions to Joint Ventures and Restricted Subsidiaries that are not Loan Parties of assets not constituting
Collateral and not required to be Collateral (other than assets that are not Collateral or required to be Collateral under clause (i) of the definition of “Excluded Asset” in the Pledge and Security Agreement); and
(y) Hedging Contracts (and payments thereunder) that are not speculative in nature entered into on behalf of
Joint Ventures and Subsidiaries, so long as any payment by the Parent or any Restricted Subsidiary under any such Hedging Contract is reimbursed by the applicable Joint Venture or Subsidiary in the ordinary course of business; 

(r)    other than those disclosed on
Schedule 8.5, direct or indirect Investments, including Letters of Credit and other credit support obligations, in Restricted Subsidiaries that are not Guarantors or Joint Ventures that are not Guarantors, but in each case are engaged in an Eligible
Line of Business, in an aggregate amount not to exceed at any time the lesser of (i) the Net Cash Proceeds received by the Parent and its Restricted Subsidiaries of Indebtedness permitted to be incurred hereunder and (ii) $200,000,000.00;
provided that such Investments do not involve Material Intellectual
Property;[Reserved]; 

(s)    so long as no Default or Event of Default has occurred and is continuing or would result therefrom, Restricted
PaymentsInvestments in an aggregate amount since the Effective Date not to exceed the sum of (i) $100,000,000.00 and
(ii) so long as immediately after giving effect thereto, the Leverage Ratio at such time on a pro forma
basis on immediately after giving effect to such Restricted Payment and for the most recent determination period is at least 0.75:1.00 less than the Closing Leverage Ratio, Restricted Payments in an aggregate amount since the Effective Date not to
exceed (A) the Available Amount less (B) the amount of payments of Junior Priority Indebtedness made pursuant to Section 
8.20(c)(y)$100,000,000.00 and scheduled dividends on any preferred equity of the Parent made before the Amendment No. 1
Effective Date; 
 (t)    Investments resulting from any
non-cash consideration received in an Asset Sale permitted by Section 8.4; and 

(u)    repurchases, redemptions or other acquisitions or retirements for value of Stock of the Parent made in lieu of
withholding Taxes in connection with any vesting of restricted Stock or any exercise, vesting or exchange of stock options, warrants or other similar rights. 

Section 8.6 Restriction on Fundamental Changes 

The Parent shall not, and shall not permit any of its Restricted Subsidiaries to: 

  
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 (a)    merge or consolidate with any Person (provided that, if at
the time thereof and immediately after giving effect thereto no Event of Default or Default shall have occurred and be continuing (i) any Wholly-Owned Restricted Subsidiary (other than a Borrower) may merge into a Borrower so long as such
Borrower is the surviving company, (ii) any Wholly-Owned Restricted Subsidiary (other than a Borrower) may merge into or consolidate with any other Wholly-Owned Restricted Subsidiary (other than a Borrower) in a transaction in which the
surviving entity is a Wholly-Owned Restricted Subsidiary and no Person other than a Borrower or a Wholly-Owned Restricted Subsidiary of a Borrower receives any consideration (provided that if any party to any such transaction is a Loan Party,
the surviving entity of such transaction shall be a Loan Party), (iii) any Restricted Subsidiary of the Parent (other than a Borrower) may merge with another Person in a transaction constituting an Asset Sale permitted hereunder, and (iv) any
Person (other than the Parent or a Borrower) may merge or consolidate with or into any Restricted Subsidiary in a transaction in which the surviving entity is a Restricted Subsidiary (and, if any party to such merger or consolidation is a Borrower,
is a Borrower and otherwise, if any party to such merger or consolidation is a Guarantor, is a Guarantor)); or 

(b)    acquire or create any Subsidiary unless, after giving effect to such acquisition or creation, (i) the Parent
and each Borrower is in compliance with Section 7.11 and (ii) the Investment in such Subsidiary is permitted under Section 8.5. 

Section 8.7 Change in Nature of Business 

The Parent and the Borrowers shall not, and shall not permit any of its Restricted Subsidiaries to, engage in any business other than the
Eligible Line of Business. 
 Section 8.8 Transactions with Affiliates 

The Parent and the Borrowers shall not, and shall not permit any of their respective Restricted Subsidiaries to, enter into any transaction of
any kind with any Affiliate of the Parent, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to the Parent, such Borrower or such Restricted Subsidiary as would be obtainable by the
Parent, such Borrower or such Restricted Subsidiary at the time in a comparable arm’s length transaction with a Person other than an Affiliate except (a) transactions among the Parent and its Restricted Subsidiaries, (b) Restricted
Payments otherwise permitted by this Agreement, (c) the payment of the operating expenses and capital expenditures of a Subsidiary of the Parent, so long as such payment is in the ordinary course of business and consistent with past business
practices with respect to such Subsidiary prior to the date hereof, (d) transactions in accordance with the agreements listed on Schedule 8.8 hereto as the same may be amended with the prior consent of each Administrative Agent,
(e) the Transactions, and (f) transactions between the Parent or any Restricted Subsidiary and any Person that is an Affiliate solely due to the fact that a director or member of such Person is also director of the Parent or a direct or
indirect parent of the Parent. 

  
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 Section 8.9 Restrictions on Subsidiary Distributions; No New Negative Pledge 

Other than (a) pursuant to the Loan
Documents, (b) pursuant to the Priming Loan Documents or (bc
) pursuant to any secured Indebtedness or Capital Lease Obligations permitted by Section 8.1(b), (d), (e), (m) or (r) so long as any prohibition or limitation is only
effective against the assets securing such Indebtedness, the Parent and the Borrowers shall not, and shall not permit any Restricted Subsidiaries to, (i) other than for Joint Ventures and Subsidiaries that are not required to be Guarantors
hereunder, agree to, enter into or suffer to exist or become effective any consensual encumbrance or consensual restriction of any kind on the ability of such Subsidiary to pay dividends or make any other distribution or transfer of funds or assets
or make loans or advances to or other Investments in, or pay any Indebtedness owed to, the Parent, a Borrower or any other Restricted Subsidiary of the Parent or (ii) other than customary non-assignment
provisions in contracts entered into in the ordinary course of business or in any lease, license, contract, property right (including, without limitation, interests in Inventory (as defined in the Pledge and Security Agreement)) or agreement to
which any Guarantor is a party or any of its rights or interests thereunder if and only for so long as the grant of a security interest hereunder shall constitute or result in a breach, termination or default under any such lease, license, contract,
property right or agreement (other than to the extent that any such term would be rendered ineffective pursuant to Sections 9-406, 9-407,
9-408 or 9-409 of the UCC of any relevant jurisdiction or any other applicable Laws or principles of equity), enter into or permit to exist or become effective any
enforceable agreement prohibiting or limiting the ability of the Parent, a Borrower or any other Restricted Subsidiary to create, incur, assume or permit to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter
acquired, to secure the Obligations, including any agreement requiring any other Indebtedness or Contractual Obligation to be equally and ratably secured with the Obligations. 

Section 8.10 Modification of Documents 

The Parent and the Borrowers shall not, and shall not permit any of their respective Restricted Subsidiaries amend its Constituent Documents
except those that do not materially and adversely affect the interests of the Secured Parties under the Loan Documents or the rights and interests of any of them in the Collateral. 

Section 8.11 Accounting Changes; Fiscal Year 

The Parent and the Borrowers shall not, and shall not permit any of their respective Restricted Subsidiaries to, (a) make any material
change in its accounting treatment and reporting practices or Tax reporting practices, except as required by GAAP or any Requirement of Law and disclosed to the Lenders and each Administrative Agent or (b) change its Fiscal Year. 

Section 8.12 Margin Regulations 

The Parent and the Borrowers shall not, and shall not permit any of their respective Restricted Subsidiaries to, use all or any portion of the
proceeds of any credit extended 

  
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hereunder to purchase or carry margin stock (within the meaning of Regulation U of the Federal Reserve Board) (i) directly or indirectly in connection with the Business Combination or
(ii) in all other cases in contravention of any applicable legal and regulatory requirements including, without limitation, Regulations T, U and X, the Securities Act of 1933, and the Securities Exchange Act of 1934 and the regulations
promulgated thereunder. 
 Section 8.13 Sale/Leasebacks 

The Parent and the Borrowers shall not, and shall not permit any of their respective Restricted Subsidiaries to, enter into any sale and
leaseback transaction after the Effective Date other than (a) any sale and leaseback occurring within 90 days after the acquisition of the property subject of such sale and leaseback, (b) any sale and leaseback in respect of the Amazon and
the Amazon Equipment and (c) Other Specified Permitted Sale/Leasebacks, unless (i) the proceeds of such transaction received by the Loan Parties equal the Fair Market Value of the properties subject to such transaction, (ii) such
transaction does not involve a Mortgaged Vessel and (iii) after giving effect to such sale and leaseback transaction, the aggregate Fair Market Value of all properties covered at any one time by all sale and leaseback transactions occurring
after the Effective Date during any Fiscal Year and permitted hereunder does not exceed $10,000,000.00 in such Fiscal Year. For the avoidance of doubt, no sale and leaseback transaction shall include the sale and licensing back of Material
Intellectual Property. 
 Section 8.14 Capital Expenditures 

The Parent and the Borrowers shall not make or incur, or permit any of their respective Restricted Subsidiaries to make or incur, Capital
Expenditures (other than acquisitions of any marine vessel or a Subsidiary that owns a marine vessel) during any Fiscal Year beginning with the Fiscal Year ending
20182019
 and ending with the Fiscal Year ending 2023 except that the Parent, the Borrowers and their respective Restricted Subsidiaries may make or incur Capital Expenditures during any Fiscal Year in an aggregate amount not in excess of (a)
$300,000,000.00 for such Fiscal Year plus (b) the amount by which $300,000,000.00 exceeds the amount of Capital Expenditures made or incurred by the Parent, the Borrowers and their respective Restricted Subsidiaries in such immediately
preceding Fiscal Year. 
 Section 8.15 Cancellation of Indebtedness Owed to It 

The Parent and the Borrowers shall not, and shall not permit any of their respective Restricted Subsidiaries to, cancel any material claim or
Indebtedness owed to any of them except (a) in the ordinary course of business, or (b) if such Indebtedness is owed by a Guarantor to a Loan Party (other than the Parent), and such Indebtedness is either (i) cancelled in exchange for
Stock of such Guarantor, (ii) converted into Stock of such Guarantor or (iii) converted such that it increases the paid-in-capital of such Loan Party in such
Guarantor. 

  
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 Section 8.16 No Speculative Transactions 

The Parent and the Borrowers shall not, and shall not permit any of their respective Restricted Subsidiaries to, engage in any material
speculative transaction or in any material transaction involving the entry into of Hedging Contracts by such Person except for the sole purpose of hedging in the ordinary course of business. 

Section 8.17 Post-Termination Benefits 

Except to the extent required under Section 4980B of the Code or similar state laws, the Parent and the Borrowers shall not, and shall not
permit any of their respective Restricted Subsidiaries to, adopt any new employee benefit plan that provides health or welfare benefits (through the purchase of insurance or otherwise) to any retired or former employees, consultants or directors (or
their dependents) of the Parent or any of its Subsidiaries, which plan, when combined with any existing post-retirement benefit plan of the Parent or the Borrowers or any of their Restricted Subsidiaries would reasonably be expected to result in
aggregate liability, calculated on a FAS 106 basis as of the end of any fiscal year, in excess of $65,000,000.00. 
 Section 8.18 Activities in
Panama 
 The Parent and the Borrowers shall not, and shall not permit any of their respective Restricted Subsidiaries to, invest the
proceeds of any Loan in any activity within the territory of the Republic of Panama if such activity will (i) generate taxable income under Panamanian Tax laws that will have to be paid by the Parent or any of its Subsidiaries to a Panamanian
Governmental Authority; or (ii) cause any payment to a Lender or any Administrative Agent to be subject to Panamanian Tax, including withholding Tax. 

Section 8.19 Vessel Flags 

The Parent and the Borrowers shall not, and shall not permit any of their respective Restricted Subsidiaries to, change the flag under which
any Mortgaged Vessel is registered or register a Mortgaged Vessel under any flag unless (a) the Parent shall
have provided at least 10 Business Days’ (or such shorter period permitted by each Administrative Agent in its sole discretion) advance notice to each Administrative Agent,
(b) the flag under which such Mortgaged Vessel is to be registered is listed on Schedule 8.19 or is
otherwise acceptable to each Administrative Agent in its sole discretion and (c) each Borrower: 

(i)    immediately after the occurrence of such transfer, causes the applicable Restricted Subsidiary to
execute and deliver such new mortgages, recorded as required by the laws of the new flag state, new deeds of covenants, as applicable, all substantially similar to the existing mortgages and deeds of covenants for Mortgaged Vessels under such flag
(“New Mortgage”), and other security instruments and other documents as shall be necessary to create in favor of the Collateral Agent for the ratable benefit of the Secured Parties a valid, legal and, subject to the terms of the Senior Intercreditor Agreement, perfected first-priority Lien on, and security interest in, such
vessel such that such vessel is a Mortgaged Vessel under the jurisdiction under which such vessel is to be flagged (subject to any liens expressly permitted by this Agreement and the Lien of the New Mortgage); 

  
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 (ii)    substantially simultaneously with such transfer,
if requested by any Administrative Agent, provides to each Administrative Agent an opinion of counsel that the New Mortgage, upon recording, has been perfected under the laws of the new flag state and that it constitutes a valid, enforceable and, subject to the terms of the Senior Intercreditor Agreement, first priority ship mortgage on the Mortgaged Vessel (other than
liens expressly permitted by this Agreement and the Lien of the New Mortgage), or as any Administrative Agent may otherwise reasonably request; and 

(iii)    promptly after recording the New Mortgage, provides to each Administrative Agent with respect to
the Mortgaged Vessel: to the extent applicable to such Mortgaged Vessel, corresponding certificates of financial responsibility; an abstract of title or, at its discretion, a certificate of ownership or other similar document that reveals no Liens
on the Vessel other than Liens expressly permitted by this Agreement and the Lien of the New Mortgage; copies of certificates of registries documentation and a copy of a confirmation of class certificate issued by the American Bureau of Shipping,
DNV GL, Lloyd’s Register or another classification society acceptable to each Administrative Agent showing no conditions affecting class. 

Section 8.20 Payments of Junior Priority Indebtedness  

The Parent and the Borrowers shall not, and shall not permit any of their respective Restricted Subsidiaries to, make any cash payment or prepayment (including any redemption, purchase, retirement, defeasance (including in-substance or legal defeasance), sinking fund or similar payment) on account of principal of any Junior Priority Indebtedness, except (a) regularly scheduled principal payments as and when due in respect of
any Junior Priority
Indebtedness, and
 (b) refinancings of Junior Priority Indebtedness with the proceeds of other Indebtedness permitted under Section 8.1 and
(c) so long as no Default or Event of Default has occurred and is continuing, or would result therefrom, prepayments since the Effective Date in an aggregate principal amount not to exceed the sum of (x) $100,000,000.00 and (y) so
long as immediately after giving effect thereto, the Leverage Ratio at such time on a pro forma basis immediately after giving effect to such prepayment and for the most recent determination period is at least 0.75:1.00 less than the Closing
Leverage Ratio, an amount not to exceed the (A) Available Amount less (B) the amount of Restricted Payments made pursuant to Section 8.5(s)8.1, so long as such other Indebtedness is
(i) secured by a Lien on the Collateral that is junior to the Lien on the Collateral that secures the
Obligations, (ii) unsecured or (iii) expressly subordinated in right of payment to the Obligations, in each case to the same extent as the Junior Priority Indebtedness
being refinanced, (c) [reserved] and (d) refinancing of Senior Notes with Refinancing Senior Notes
Indebtedness. For purposes of calculating the amount of payments or prepayments under this Section 8.20, the amount of such payment or prepayment shall be the aggregate amount of cash paid by the Parent and
its Restricted Subsidiaries. The prepayment of NO 105 Indebtedness shall not be restricted by this Section 8.20. 

  
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 Section 8.21 Use of Proceeds 

(a)    The Parent and the Borrowers shall not use, whether directly or indirectly, the proceeds of any Borrowing or Letter
of Credit, (i) in any manner that would constitute a violation of Sanctions by any party hereto or (ii) for any payments to any governmental official or employee, political party, official of a political party, candidate for political
office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in each case in violation of any Anti-Corruption Law applicable to the Parent, the Borrowers or their applicable
Subsidiaries. 
 (b)    The Borrowers shall not, directly or indirectly, fund all or part of any repayment or
reimbursement of the Obligations out of proceeds derived from any transaction or activity involving a Sanctioned Person or Sanctioned Country, in each case in violation of Sanctions applicable to the Borrowers or its applicable Subsidiaries.
 

Section 8.22 Restrictions Under the Priming Credit Agreement 

Notwithstanding anything
in this Agreement and the other Loan Documents to the contrary, prior to the later of the funding of Term Loans (as defined in the Priming Credit Agreement) on the Tranche B Funding Date under the Priming Credit Agreement and the Discharge of First
Priority Claims, none of the Parent or any Borrower shall, and shall not permit any of the Parent’s Restricted
Subsidiaries to, take any action that they are otherwise permitted to take pursuant to this Article VIII unless the Parent, such Borrower or such Restricted Subsidiary, as applicable, is permitted to take such action pursuant to the Priming Credit
Agreement. 
 ARTICLE IX 

EVENTS OF DEFAULT 

Section 9.1 Events of Default 

Each of the following events shall be an “Event of Default”: 

(a)    the Borrowers shall fail to pay any principal of any Loan or any Reimbursement Obligation when the same becomes due
and payable; or 
 (b)    the Borrowers shall fail to pay when due and payable any interest on any Loan, any fee under
any of the Loan Documents or any other Obligation (other than one referred to in clause (a) above) and such non-payment continues for a period of three Business Days after the due date therefor; or

 (c)    any representation or warranty made or deemed made by any Loan Party in any Loan Document shall prove to have
been incorrect in any material respect when made or deemed made; or 

  
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 (d)    any Loan Party shall fail to perform or observe (i) any
term, covenant or agreement contained in Article V, Section 6.3, Section 7.1, Section 7.6, Section 7.13 or Article VIII;
provided that, (x) in the case of any failure to perform or observe the covenants set forth in
Section 5.1 or 5.3 (each a “Specified Liquidity Facility Event of Default”), such Specified Liquidity Facility Event of Default shall not constitute an Event of Default with respect to the Term Loans
unless and until the Requisite LC Lenders and Requisite Revolving Lenders have declared all LC Facility Obligations and the Revolver Obligations, respectively, to be immediately due and payable and all outstanding LC Facility Commitments and
Revolving Commitments, respectively, to be immediately terminated, in each case in accordance with this Agreement and such declaration has not been rescinded on or before such
date,]
 or (ii) any other term, covenant or agreement contained in this Agreement or in any other Loan Document if such failure under this clause (ii) shall remain unremedied for 30 days after the earlier of (A) the
date on which a Responsible Officer of the Parent or a Borrower obtains actual knowledge of such failure and (B) the date on which written notice thereof shall have been given to the Parent or a Borrower by any Administrative Agent or any
Lender; or 

(e)    
 (i) the Parent, a Borrower or any of the Parent’s Material Subsidiaries shall fail to make any payment on any
Indebtedness of the Borrowers or any such Material Subsidiary (other than (x) the Obligations and (y) Non-Recourse Indebtedness) or any Guaranty Obligation in respect of Indebtedness of any other
Person, and, in each case, such failure relates to Indebtedness having a(A) constitutes a failure to pay the principal amount of
$75,000,000.00 or
moresuch Indebtedness when the same becomes due and payable, (whether at maturity or otherwise) or constitutes a failure to make any other payment where
such failure permits (with the giving of notice if required), at the time of determination under this
Section 9.1(e), the acceleration of such Indebtedness and (B) relates to Indebtedness having a principal amount of $35,000,000.00 or more, (ii) any other event shall occur or
condition shall exist under any agreement or instrument relating to any such Indebtedness having a principal amount of $35,000,000.00 or more (other than under the Lloyds Facility to the extent a letter of credit in the requisite
amount was posted in lieu of the required posting of cash collateral), if the effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness, or
(iii) any such Indebtedness having a principal amount of $35,000,000.00 or more shall become or
be declared to be due and payable, or required to be prepaid or repurchased (other than by a regularly scheduled required prepayment), prior to the stated maturity thereof; provided that clauses (ii) and (iii) above shall
not apply to any secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness; or 

(f)    
 (i) the Parent, a Borrower or any of the Parent’s Material Subsidiaries shall generally not pay its debts as
such debts become due, shall admit in writing its inability to pay its debts generally or shall make a general assignment for the benefit of creditors,
(ii) any proceeding shall be instituted by or against the Parent, a Borrower or any of the Parent’s Material
Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts, under any Requirement of Law relating to bankruptcy,
insolvency or reorganization or relief of debtors, or seeking the entry of an 

  
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order for relief or the appointment of a custodian, receiver, trustee or other similar official for it or for any substantial part of its property; provided, however, that, in the
case of any such proceedings instituted against the Parent, a Borrower or any of the Parent’s Material Subsidiaries (but not instituted by the Parent or any of its Subsidiaries), either such proceedings shall remain undismissed or unstayed for
a period of 45 days or more or an order or decree approving or ordering any of the foregoing shall be entered, or
(iii) the Parent, a Borrower or any of the Parent’s Material Subsidiaries shall take any corporate action
to authorize any action set forth in clause (i) or (ii) above; or 
 (g)    one or more judgments,
injunctions or orders (or other similar process) involving, in the case of a money judgment, an amount in excess of $75,000,000.0035,000,000.00 in the aggregate (to the extent not covered by insurance as to
which a solvent and unaffiliated insurance company has acknowledged coverage), shall be rendered against one or more of the Parent, a Borrower and the Parent’s Material Subsidiaries and shall remain unpaid and either (x) enforcement
proceedings shall have been commenced by any creditor upon such judgment, injunction or order or (y) there shall be any period of 30 consecutive days during which a stay of enforcement of such judgment, injunction or order, by reason of a
pending appeal or otherwise, shall not be in effect; or 
 (h)     one or more ERISA Events (except for those
events set forth on Schedule 4.16(d) to this Agreement) shall occur and the amount of all liabilities and deficiencies resulting therefrom imposed on or which could reasonably be expected to be imposed directly on the Parent, a Borrower, any
of their respective Restricted Subsidiaries or any Guarantor, whether or not assessed, when taken together with amounts of all such liabilities and deficiencies for all other such ERISA Events exceeds $75,000,000.0035,000,000.00
 in the aggregate, or there exists any fact or circumstance that reasonably could be expected to result in the imposition of a Lien or security interest under Section 430 of the Code or under ERISA; or 

(i)    any provision of any Collateral Document or any other Loan Document (including this Agreement) shall for any
reason, except as permitted by the Loan Documents, cease to be valid and binding on, or enforceable against, any Loan Party which is a party thereto, or any Loan Party shall so state in writing; or 

(j)    any Collateral Document shall for any reason fail or cease to create a valid Lien on any Collateral with an
aggregate value of $15,000,000.00 or more purported to be covered thereby or, except as permitted by the Loan Documents, such Lien shall fail or cease to be a perfected
and, subject to the terms of the Senior Intercreditor Agreement, first priority Lien or any Loan Party shall so state
in writing; 
 (k)    there shall occur any Change of Control; or 

(l)    there shall occur any “Event
of Default” under and as defined in the Lloyds Facility.an Event of
Default (as defined in the Priming Credit Agreement) shall have occurred and be continuing and shall not have been amended, consented to, waived in accordance with the Priming Credit Agreement.  

  
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 Section 9.2 Remedies 

During the continuance of any Event of Default, 

(a)    The Revolving and LC Administrative Agent (i) may, and, at the request of the Requisite Revolving Lenders,
shall, by notice to the Borrowers declare that all or any portion of the Revolving Commitments be terminated, whereupon the obligation of each Revolving Lender to make any Revolving Loan and each Revolving Issuer to Issue any Revolving Letter of
Credit shall immediately terminate and (ii) may and, at the request of the Requisite Revolving Lenders, shall, by notice to the Borrowers, declare the Revolving Loans, all interest thereon and all other Revolving Obligations to be forthwith due
and payable, whereupon the Revolving Loans, all such interest and all such other Revolving Obligations shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby
expressly waived by the Borrowers; provided, however, that upon the occurrence of any Event of Default specified in Section 9.1(f), (x) the Revolving Commitments of each Revolving Lender to make Revolving
Loans and the commitments of each Revolving Lender and Revolving Issuer to Issue or participate in Revolving Letters of Credit shall each automatically be terminated and (y) the Revolving Loans, all such interest and all such other Revolving
Letter of Credit Obligations shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the Borrowers. 

(b)    The Revolving and LC Administrative Agent (i) may, and, at the request of the Requisite LC Lenders, shall, by
notice to the Borrowers declare that all or any portion of the LC Facility Commitments be terminated, whereupon the obligation of each LC Facility Issuer to Issue any LC Facility Letter of Credit shall immediately terminate and (ii) may and, at
the request of the Requisite LC Lenders, shall, by notice to the Borrowers, declare the LC Facility Obligations to be forthwith due and payable, whereupon the LC Facility Obligations shall become and be forthwith due and payable, without
presentment, demand, protest or further notice of any kind, all of which are hereby expressly waived by the Borrowers; provided, however, that upon the occurrence of any Event of Default specified in
Section 9.1(f), (w) the LC Facility Commitments of each LC Lender and the commitments of each LC Lender and LC Facility Issuer to Issue or participate in LC Facility Letters of Credit shall each automatically be terminated,
(x) the LC Facility Letter of Credit Obligations shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the Borrowers, (y) the
commitments of each Cash Secured LC Issuer to Issue Cash Secured Letters of Credit shall each automatically be terminated and (z) the obligations in respect of the Cash Secured Letters of Credit shall automatically become and be due and
payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the Borrowers. 

(c)    The Term Loan Administrative Agent may and, at the request of the Requisite Term Lenders, shall, by notice to the
Borrowers, declare the Term Loans and all interest thereon to be forthwith due and payable, whereupon the Term Loans and all such interest shall become and be forthwith due and payable, without presentment, demand,

  
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protest or further notice of any kind, all of which are hereby expressly waived by the Borrowers; provided, however, that upon the occurrence of any Event of Default specified in
Section 9.1(f), (x) the Term Commitments of each Term Lender to make Term Loans and (y) the Term Loans and all such interest shall automatically become and be due and payable, without presentment, demand, protest or
any notice of any kind, all of which are hereby expressly waived by the Borrowers. 
 Notwithstanding the foregoing, no Term Lender shall
have any right to exercise, or direct any Administrative Agent to exercise or refrain from exercising, any right or remedy arising or available hereunder or under any other Loan Document upon the occurrence or during the continuance of an Event of
Default if the only such Event of Default that shall have occurred and be continuing is a Specified Liquidity Facility Event of Default and neither (x) the Requisite LC Lenders have declared all LC Facility Obligations to be immediately due and
payable and all outstanding LC Facility Commitments to be immediately terminated nor (y) the Requisite Revolving Lenders have declared all Revolving Facility Obligations to be immediately due and payable and all Revolving Facility Commitments
to be immediately terminated (and the Requisite Revolving Lenders shall be entitled to declare all Revolving Obligations hereunder to be immediately due and payable, terminate all outstanding Revolving Commitments and direct the Revolving and LC
Administrative Agent to exercise any remedies provided for by the Collateral Documents in accordance with the terms thereof or any other remedies provided by applicable law and the Requisite LC Lenders shall be entitled to declare all LC Facility
Obligations hereunder to be immediately due and payable, terminate all outstanding LC Facility Commitments and direct the Revolving and LC Administrative Agent to exercise any remedies provided for by the Collateral Documents in accordance with the
terms thereof or any other remedies provided by applicable law, in each case upon the occurrence and during the continuance of a Specified Liquidity Facility Event of Default). For the avoidance of doubt, nothing in this paragraph shall in any way
limit or restrict the rights or remedies of the Term Lenders in connection with any Default or Event of Default other than a Specified Liquidity Facility Event of Default (whether arising before or after the occurrence of such Specified Liquidity
Facility Event of Default). 
 In addition to the remedies set forth above, the Administrative Agents and the Collateral Agent may exercise
any remedies provided for by the Collateral Documents in accordance with the terms thereof or any other remedies provided by applicable law. 

Section 9.3 Actions in Respect of Letters of Credit 

Upon the Revolving Termination Date and as required by Section 2.12, the Borrowers shall pay to the Revolving and LC
Administrative Agent in immediately available funds at the Revolving and LC Administrative Agent’s office referred to in Section 11.8, for deposit in the Revolver Cash Collateral Account in accordance with
Section 2.22(b), an amount equal to 105% of the sum of all outstanding Revolving Letter of Credit Obligations (or such lesser amount as is required to cash collateralize Revolving Letter of Credit Obligations under
Section 2.12, as applicable). The Revolving and LC Administrative Agent may, from time to time after funds are deposited in any Cash Collateral Account with respect to Letters of Credit (and while an Event of Default has

  
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occurred and is continuing or after the acceleration of the Loans), apply funds then held in such Cash Collateral Account to the payment of any amounts as shall have become or shall become due
and payable by the Borrowers to the Revolving Issuers or Revolving Lenders in respect of the Revolving Letter of Credit Obligations. The Revolving and LC Administrative Agent shall promptly give written notice of any such application;
provided, however, that the failure to give such written notice shall not invalidate any such application. 
 Upon the LC
Facility Termination Date and as required by Section 2.12, the Borrowers shall pay to the Revolving and LC Administrative Agent in immediately available funds at the Revolving and LC Administrative Agent’s office
referred to in Section 11.8, for deposit in the LC Facility Cash Collateral Account in accordance with Section 2.22(b), an amount equal to 105% of the sum of all outstanding LC Facility Letter of
Credit Obligations (or such lesser amount as is required to cash collateralize LC Facility Letter of Credit Obligations under Section 2.12, as applicable). The Revolving and LC Administrative Agent may, from time to time
after funds are deposited in any Cash Collateral Account with respect to Letters of Credit (and while an Event of Default has occurred and is continuing or after the acceleration of the Loans), apply funds then held in such Cash Collateral Account
to the payment of any amounts as shall have become or shall become due and payable by the Borrowers to the LC Facility Issuers or LC Facility Lenders in respect of the LC Facility Letter of Credit Obligations. The Revolving and LC Administrative
Agent shall promptly give written notice of any such application; provided, however, that the failure to give such written notice shall not invalidate any such application. 

ARTICLE X 

THE ADMINISTRATIVE AGENTS AND OTHER AGENTS

 Section 10.1 Authorization and Action 

(a)    Appointment and Authority. (i) Each of the Revolving Lenders, each Revolving Issuer, each of the LC
Lenders, each LC Facility Issuer and each Cash Secured LC Issuer hereby irrevocably appoints CA CIB to act on its behalf as the Revolving and LC Administrative Agent hereunder and under the other Loan Documents and authorizes the Revolving and LC
Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Revolving and LC Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental
thereto, (ii) each of the Lenders, the Issuers and the other Secured Parties irrevocably authorizes and directs each Administrative Agent to enter into the Collateral Agency and Intercreditor Agreement pursuant to which each Administrative
Agent, on behalf of the Secured Parties, will irrevocably appoint CA CIB to act on its behalf as the Collateral Agent hereunder and under the Collateral Documents and authorizes the Collateral Agent to take such actions on its behalf and to exercise
such powers as are delegated to the Collateral Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto and (iii) each of the Term Lenders hereby irrevocably appoints Barclays to act on
its behalf as the Term Loan 

  
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Administrative Agent hereunder and under the other Loan Documents and authorizes the Term Loan Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated
to the Term Loan Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article X are solely for the benefit of each Administrative Agent, the
Collateral Agent, the Lenders and the Issuers, and neither the Parent, the Borrowers nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions or any obligations with respect thereto. 

(b)    Exculpatory Provisions. Neither any Administrative Agent or the Collateral Agent shall have any duties or
obligations except those expressly set forth herein, in the other Loan Documents and in the Collateral Agency and Intercreditor Agreement. Without limiting the generality of the foregoing, neither any Administrative Agent or the Collateral Agent:
(i) shall be subject to any fiduciary or other implied duties, regardless of whether a Default or an Event of Default has occurred and is continuing; (ii) shall 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 such Administrative Agent or the Collateral Agent, as applicable, is required to exercise as directed in writing by the Applicable
Requisite Lenders (or such other number or percentage of the Lenders, Term Lenders, LC Lenders or Revolving Lenders, as applicable, as shall be expressly provided for herein or in the other Loan Documents), provided that no Administrative
Agent nor the Collateral Agent shall be required to take any action that, in its opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to any Loan Document or applicable law; and (iii) shall, except as
expressly set forth herein and in the other Loan Documents, have any duty to disclose, nor shall be liable for the failure to disclose, any information relating to the Parent, the Borrowers or any of its Affiliates that is communicated to or
obtained by the Person serving as any Administrative Agent, the Collateral Agent or any Affiliates of the foregoing in any capacity. 

Neither any Administrative Agent or the Collateral Agent shall be liable for any action taken or not taken by it (A) with the consent or
at the request of the Applicable Requisite Lenders (or such other number or percentage of the Lenders as shall be necessary, or as any Administrative Agent or the Collateral Agent, as applicable, shall believe in good faith shall be necessary, under
the circumstances as provided in Sections 11.1 and 9.2) or (B) in the absence of its own gross negligence or willful misconduct. Each Administrative Agent and the Collateral Agent shall be deemed not to have knowledge of any
Default or Event of Default unless and until notice describing such Default or Event of Default is given to each Administrative Agent or the Collateral Agent, as applicable, by the Parent, the Borrowers, a Lender or an Issuer. 

Neither any Administrative Agent or the Collateral Agent shall be responsible for or have any duty to ascertain or inquire into (u) any
statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (v) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or
therewith, (w) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the 

  
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occurrence of any Default, (x) 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, (y) the value or the sufficiency of any Collateral, or (z) the satisfaction of any condition set forth in Article III or elsewhere
herein, other than to confirm receipt of items expressly required to be delivered such Administrative Agent or the Collateral Agent, as applicable. 

(c)    Delegation of Duties. Each Administrative Agent and the Collateral 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 such Administrative Agent or the Collateral Agent, as applicable. Each Administrative Agent, the Collateral
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 any Administrative Agent, the Collateral 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 or Collateral Agent, as applicable. 
 Section 10.2 Administrative Agent’s Reliance, Etc. 

Each Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the
proper Person. Each Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance
with any condition hereunder to the making of a Loan, or the Issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the Issuer, each Administrative Agent may presume that such condition is satisfactory
to such Lender or the Issuer unless such Administrative Agent shall have received notice to the contrary from such Lender or the Issuer prior to the making of such Loan or the Issuance of such Letter of Credit. Each Administrative Agent may consult
with legal counsel (who may be counsel for the Borrowers or any other Loan Party), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such
counsel, accountants or experts. 
 Section 10.3 The Agents Individually 

The Person serving as each 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 such Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Persons serving as the Agents hereunder in
such Person’s individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory 

  
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capacity for and generally engage in any kind of business with the Borrowers or any Subsidiary or other Affiliate thereof as if such Person were not an Agent hereunder and without any duty to
account therefor to the Lenders. 
 Section 10.4 Lender Credit Decision 

Each Lender and each Issuer acknowledges that it has, independently and without reliance upon any 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 Issuer also acknowledges that it will, independently
and without reliance upon any Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not
taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 

Section 10.5 Indemnification 

(a)    Each Lender agrees to indemnify each Administrative Agent, the Collateral Agent and each Issuer (in such capacities)
and each of their respective Affiliates, and each of their respective Related Parties (to the extent not reimbursed by the Borrowers), from and against such Lender’s aggregate Ratable Portion (determined at the time such indemnity is made) of
any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses and disbursements (including fees, expenses and disbursements of financial and legal advisors) of any kind or nature whatsoever that may be
imposed on, incurred by, or asserted against, an Administrative Agent, the Collateral Agent or such Issuer or any of their respective Related Parties in any way relating to or arising out of this Agreement or the other Loan Documents or any action
taken or omitted by an Administrative Agent, the Collateral Agent, or such Issuer under this Agreement or the other Loan Documents; provided, however, that no Lender shall be liable for any portion of such liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from an Administrative Agent’s, Collateral Agent’s or such Issuer’s or such Related Party’s gross negligence or willful misconduct.
Without limiting the foregoing, each Lender agrees to reimburse each Administrative Agent, the Collateral Agent, or each Issuer, as applicable, promptly upon demand for its Ratable Portion (determined at the time such reimbursement is made) of any out-of-pocket expenses (including fees, expenses and disbursements of financial and legal advisors) incurred by such Administrative Agent, the Collateral Agent, or such
Issuer, as applicable, in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of its rights or
responsibilities under, this Agreement or the other Loan Documents, to the extent that such Administrative Agent, the Collateral Agent, or such Issuer, as applicable, is not reimbursed for such expenses by the Borrowers or another Loan Party. 

  
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 (b)    To the extent required by any applicable law, each Administrative
Agent may withhold from any payment to any Lender an amount equivalent to any applicable withholding Tax. If the IRS or any other Governmental Authority of the United States or other jurisdiction asserts a claim that any Administrative Agent did not
properly withhold Tax from amounts paid to or for the account of any Lender because the appropriate form was not delivered, was not properly executed or because such Lender failed to notify such Administrative Agent of a change in circumstances that
rendered the exemption from, or reduction of, withholding Tax ineffective or for any other reason, or if an Administrative Agent determines that it otherwise did not withhold an applicable Tax from amounts paid to or for the account of any Lender,
such Lender shall indemnify such Administrative Agent fully for all amounts paid, directly or indirectly, by such Administrative Agent in respect of Tax or otherwise, including any penalties and interest and together with any all costs and expenses
(including legal expenses, and any out of pocket expenses) incurred, whether or not such Tax was correctly or legally imposed or asserted by the relevant Governmental Authority. 

Section 10.6 Successor Agents 

Each Administrative Agent may at any time give notice of its resignation to the Lenders, the Issuers and the Borrowers. Upon receipt of any
such notice of resignation, (x) with respect to the Revolving Facility and the LC Facility, the Requisite Liquidity Lenders and (y) with respect to the Term Facility, the Requisite Term Lenders shall have the right, in consultation with
the Borrowers, to appoint a successor, which shall be a bank (other than a Defaulting Lender) with an office in the United States of America, or an Affiliate of any such bank with an office in the United States of America. If no successor shall have
been so appointed by the Applicable Requisite Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may on behalf of the
Lenders and the Issuers, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if such Administrative Agent shall notify the Borrowers and the Lenders that no qualifying Person has accepted such
appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents
(except that in the case of any collateral security held by such Administrative Agent on behalf of or for the benefit of the Lenders or the Issuer under any of the Loan Documents, the retiring Administrative Agent shall continue to hold such
collateral security and the rights and obligations under the Parallel Debt until such time as a successor Administrative Agent is appointed and all rights and obligations of the retiring Administrative Agent under the Parallel Debt have been
assigned and assumed by such successor Administrative Agent) and (2) all payments, communications and determinations provided to be made by, to or through such Administrative Agent (other than, for the avoidance of doubt, with respect to the
Parallel Debt) shall instead be made by or to each applicable Lender and each applicable Issuer directly, until such time as the Applicable Requisite Lenders appoint a successor Administrative Agent as provided for above in this paragraph. 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 (including all rights and obligations with respect to the
Parallel Debt) 

  
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of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if
not already discharged therefrom as provided above in this paragraph). Each party to the Collateral Documents governed by Dutch law shall enter into any documents as reasonably necessary or reasonably requested by the successor Collateral Agent to
ensure that the successor Collateral Agent shall have substantially the same rights and obligations under the Collateral Documents governed by Dutch law as it would have had if such successor had been an original party thereto. The fees payable by
the Borrowers to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrowers and such successor. After the retiring Administrative Agent’s resignation hereunder and under
the other Loan Documents, the provisions of this Article X and Sections 11.3 and 11.4 shall continue in effect for the benefit of such retiring Administrative Agent, its sub agents and their respective Related Parties in respect
of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent. 

Section 10.7 Concerning the Collateral and the Collateral Documents 

(a)    Each Lender and each Issuer agrees that any action taken by an Administrative Agent, the Collateral Agent or the
Requisite Lenders (or, where required by the express terms of this Agreement, a different proportion of the Lenders) in accordance with the provisions of this Agreement or the other Loan Documents or the Collateral Agency and Intercreditor
Agreement, and the exercise by an Administrative Agent, the Collateral Agent or the Requisite Lenders (or, where so required, such other proportion) of the powers set forth herein or therein, together with such other powers as are reasonably
incidental thereto, shall be deemed authorized by and shall be binding upon all of the Lenders, Issuers and other Secured Parties. Without limiting the generality of the foregoing: 

(i)    the Revolving and LC Administrative Agent shall have the sole and exclusive right and authority to
(A) act as the disbursing and collecting agent for the Revolving Lenders, the LC Lenders, the Revolving Issuers, the Cash Secured LC Issuers and the LC Facility Issuers with respect to all payments and collections arising in connection herewith
and with the Collateral Documents, (B) execute and deliver the Collateral Agency and Intercreditor Agreement, and (C) except as may be otherwise specifically restricted by the terms hereof or of any other Loan Document, exercise all
remedies given to such Administrative Agent, the Revolving Lenders, the LC Lenders, the Revolving Issuers, the Cash Secured LC Issuers and the LC Facility Issuers with respect to the Collateral under the Loan Documents relating thereto, applicable
law or otherwise; 
 (ii)    the Term Loan Administrative Agent shall have the sole and exclusive right
and authority to (A) act as the disbursing and collecting agent for the Term Lenders with respect to all payments and collections arising in connection herewith and with the Collateral Documents, (B) execute and deliver the Collateral
Agency and Intercreditor Agreement, and (C) except as may be otherwise specifically restricted by the terms hereof or of any other Loan Document, exercise 

  
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all remedies given to such Administrative Agent, the Term Lenders with respect to the Collateral under the Loan Documents relating thereto, applicable law or otherwise; and 

(iii)    the Collateral Agent shall, in accordance with the Collateral Agency and Intercreditor Agreement,
have the sole and exclusive authority to (A) act as collateral agent for the Lenders, the Issuers and the other Secured Parties for purposes of the perfection of all security interests and Liens created by such agreements and all other purposes
stated therein, (B) manage, supervise and otherwise deal with the Collateral, (C) take such action as is necessary or desirable to maintain the perfection and priority of the security interests and Liens created or purported to be created
by the Collateral Documents and (D) except as may be otherwise specifically restricted by the terms hereof or of any other Loan Document, exercise all remedies given to such Administrative Agent, the Collateral Agent, the Lenders, the Issuers
and the other Secured Parties with respect to the Collateral under the Loan Documents relating thereto, applicable law or otherwise. 

(b)    Each of the Lenders and the Issuers hereby irrevocably consents, in accordance with the terms hereof, to the
Collateral Agent’s release (or, in the case of clause (ii) below, release or subordination) of any Lien held by the Collateral Agent for the benefit of the Secured Parties against any of the following: 

(i)    all of the Collateral, upon termination or expiration of the Commitments and payment in full of all
Loans, Liquidity Reimbursement Obligations and all other Obligations, including the cash collateralization or other required arrangements in respect of any obligations in respect of Letters of Credit to the extent required under this Agreement
(other than contingent indemnification obligations for which no claims has been asserted, any Treasury Management Obligations and any Hedging Obligations) that the Collateral Agent has been notified in writing are then due and payable (and, in
respect of Contingent Obligations in respect of Letters of Credit, with respect to which cash collateral has been deposited or a back-up letter of credit has been issued, in either case on terms reasonably
satisfactory to the Applicable Administrative Agent and the applicable Issuers); 
 (ii)    any assets
that are subject to a Lien permitted by Section 8.2(b), (d)(ii), (d)(iii) or (l) or any refinancings thereof permitted under Section 8.2(e); 

(iii)    if such sale or disposition is permitted by this Agreement (or permitted pursuant to a waiver or
consent of a transaction otherwise prohibited by this Agreement), any Collateral sold or disposed of by a Loan Party and/or the guaranty of any Subsidiary Guarantor which has been voluntarily sold or disposed of by a Loan Party or otherwise ceases
to be a Subsidiary of the Parent as a result of a transaction permitted by this Agreement; and 

  
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 (iv)    to the extent certified in writing by the
Parent, any other Collateral that is no longer required to be subject to a Lien pursuant to the Loan Documents. 
 Each of the Lenders and the Issuers
hereby irrevocably consents, in accordance with the terms hereof, to each Administrative Agent’s release any Guarantor from its Guarantee or its obligations under the Pledge and Security Agreement and any other Collateral Document if such
release is permitted by Section 11.1(a)(ix). Each of the Lenders and the Issuers hereby irrevocably consents to the Collateral Agent’s execution, delivery and filing of such termination and partial
release statements and such other things as are necessary to release Liens and guaranties to be released pursuant to this Section 10.7 promptly upon the effectiveness of any such release. 

(c)    Each Administrative Agent and the Collateral Agent are hereby authorized to enter into (i) the Collateral
Agency and Intercreditor Agreement and
(ii) 
intercreditor,
 (ii) [reserved], (iii) the Senior Intercreditor Agreement and (iv) interecreditor
arrangements with the holders of any Permitted TermSenior
 Notes Refinancing Debt to be secured by Liens on the Collateral that are (A) pari passu in priority to the Liens on the Collateral securing the Obligations pursuant to the Collateral Agency and Intercreditor Agreement or
(B) junior in priority to the Liens on the Collateral securing the Obligations substantially in the form attached hereto as Exhibit K (a “in the
manner set forth
in the Junior Intercreditor Agreement”) or in such other form as may be approved by the Applicable Requisite Lenders. A copy of any documents
evidencing such intercreditor arrangements will be made available to each Secured Party upon request. Each Secured Party (by receiving the benefits thereunder) acknowledges and agrees to the terms of such intercreditor arrangements and agrees that
the terms thereof shall be binding on such Secured Party and its successors and assigns as if it were a party thereto. 
 Section 10.8
Collateral Matters Relating to Related Obligations 
 The benefit of the Loan Documents and of the provisions of this Agreement
relating to the Collateral shall extend to and be available in respect of any Obligation that is otherwise owed to Persons other than any Administrative Agent, the Collateral Agent, the Lenders and the Issuers (collectively, “Related
Obligations”) solely on the condition and understanding, as among the Collateral Agent and all Secured Parties, that (a) the Related Obligations shall be entitled to the benefit of the Loan Documents and the Collateral to the extent
expressly set forth in this Agreement and the other Loan Documents and to such extent the Collateral Agent shall hold, and have the right and power to act with respect to, the Collateral Documents and the Collateral on behalf of and as agent for the
holders of the Related Obligations, but the Collateral Agent is otherwise acting solely as agent for the Lenders and the Issuers and shall have no fiduciary duty, duty of loyalty, duty of care, duty of disclosure or other obligation whatsoever to
any holder of Related Obligations, (b) all matters, acts and omissions relating in any manner to the Collateral Documents, the Collateral, or the omission, creation, perfection, priority, abandonment or release of any Lien, shall be governed
solely by the provisions of this Agreement and the other Loan Documents and no separate Lien, right, power or remedy shall arise or exist in favor of any Secured Party under any separate instrument or agreement or in respect of any Related

  
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Obligation, (c) each Secured Party shall be bound by all actions taken or omitted, in accordance with the provisions of this Agreement and the other Loan Documents, by each Administrative
Agent, the Collateral Agent and the Applicable Requisite Lenders (or such other group of the Lenders as shall be expressly provided for herein or in the other Loan Documents), each of whom shall be entitled to act at its sole discretion and
exclusively in its own interest given its own Commitment and its own interest in the Loans, Letter of Credit Obligations and other Obligations arising under this Agreement or the other Loan Documents, without any duty or liability to any other
Secured Party or as to any Related Obligation and without regard to whether any Related Obligation remains outstanding or is deprived of the benefit of the Collateral or becomes unsecured or is otherwise affected or put in jeopardy thereby, and
(d) no holder of Related Obligations and no other Secured Party (except any Administrative Agent, the Collateral Agent, the Lenders and the Issuers, to the extent set forth in this Agreement) shall have any right to be notified of, or to
direct, require or be heard with respect to, any action taken or omitted in respect of the Collateral or under this Agreement or the Loan Documents. Without limiting the provisions of Section 10.7(b) and notwithstanding any
other provision of any Loan Document to the contrary, no Administrative Agent shall be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Treasury Management
Agreements and Hedging Contracts. 
 Section 10.9 Other Agents 

Anything herein to the contrary notwithstanding, none of the Syndication Agents, the Documentation Agents, the Arrangers, Bookrunners or Co-Manager 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 an Administrative
Agent, the Collateral Agent, a Lender or an Issuer hereunder. 
 Section 10.10 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 each Administrative Agent and each Arranger and their respective Affiliates, 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 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, Letters of Credit or the Commitments, 

(ii)    the prohibited 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 

  
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bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house
asset managers), is applicable so as to exempt from the prohibitions of ERISA Section 406 and Code Section 4975, 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 sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has provided another representation, warranty and covenant as provided in
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 each Administrative Agent and each Arranger and their respective Affiliates, and not, for the
avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that: 
 (i)    none
of the Administrative Agents, Arrangers or any of their respective Affiliates are a fiduciary with respect to the assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agents under this
Agreement, any Loan Document or any documents related to hereto or thereto), 
 (ii)    the Person making
the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is independent (within the meaning of 29
CFR § 2510.3-21) and is a bank, an insurance carrier, an investment adviser, a broker-dealer or other person that holds, or has under management or control, total assets of at least $50 million, in
each case as described in 29 CFR § 2510.3-21(c)(1)(i)(A)-(E), 

  
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 (iii)    the Person making the investment decision on
behalf of such Lender with respect to the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is capable of evaluating investment risks independently, both in
general and with regard to particular transactions and investment strategies (including in respect of the Obligations), 

(iv)    the Person making the investment decision on behalf of such Lender with respect to the entrance
into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is a fiduciary under ERISA or the Code, or both, with respect to the Loans, the Letters of Credit, the Commitments and
this Agreement and is responsible for exercising independent judgment in evaluating the transactions hereunder, and 

(v)    no fee or other compensation is being paid directly to an Administrative Agent, Arranger or any of
their respective Affiliates for investment advice (as opposed to other services) in connection with the Loans, the Letters of Credit, the Commitments or this Agreement. 

(c)    The Administrative Agents and Arrangers hereby inform the Lenders that each such Person is not undertaking to
provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest in the transactions contemplated hereby in that such Person or an
Affiliate thereof (i) may receive interest or other payments with respect to the Loans, the Letters of Credit, the Commitments and this Agreement, (ii) may recognize a gain if it extended the Loans, the Letters of Credit, or the
Commitments for an amount less than the amount being paid for an interest in the Loans, the Letters of Credit, or the Commitments by such Lender or (iii) may receive fees or other payments in connection with the transactions contemplated
hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent fees, utilization fees,
minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees or fees similar to the
foregoing. 
 ARTICLE XI 

MISCELLANEOUS 

Section 11.1 Amendments, Waivers, Etc. 

(a)    Except as provided in Sections 2.24 and 2.25 no amendment or waiver of any provision of this Agreement
or any other Loan Document nor consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be in writing and signed by the Requisite Lenders (or by the Applicable Administrative Agents with the consent
of the Requisite Lenders) and, in the case of any amendment, by 

  
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the Borrowers, and then any such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, notwithstanding
the foregoing, each Loan Document may be amended in accordance with its express terms; provided, further, that no amendment, waiver or consent shall, unless in writing and signed by each Lender or Issuer directly affected thereby (or
the Administrative Agents with the consent thereof), do any of the following: 
 (i)    waive the
condition specified in Section 3.2(g); 
 (ii)    waive any condition specified
in Section 3.3(b), except with respect to a condition based upon another provision hereof, the waiver of which requires only the concurrence of the Requisite Liquidity Lenders; 

(iii)    increase the Commitment of such Lender (it being agreed that a waiver of any condition precedent
or the waiver of any Default, Event of Default or mandatory prepayment will not constitute a Commitment increase under this clause (iii)); 

(iv)    extend the scheduled final maturity of any Loan owing to such Lender or any Reimbursement
Obligation payable to such Lender, or waive, reduce or postpone any scheduled date fixed for the payment or reduction of principal of any such Loan or Reimbursement Obligation or for the reduction of such Lender’s Commitment (it being agreed
that a waiver of any condition precedent or the waiver of any Default, Event of Default or mandatory prepayment will not constitute an extension, waiver, reduction or postponement under this clause (iv)); 

(v)    reduce the principal amount of any Loan owing to such Lender or any Reimbursement Obligation payable
to such Lender (in each case, other than by the payment or prepayment thereof) (it being agreed that a waiver of any condition precedent or the waiver of any Default, Event of Default or mandatory prepayment will not constitute a reduction in the
principal amount of any Loan under this clause (v)); 
 (vi)    reduce the rate or amount of
interest on any Loan outstanding to such Lender or any Reimbursement Obligations outstanding or any fee payable hereunder to such Lender; provided, however, that only the consent of the Requisite Lenders shall be necessary to waive any
obligation of the Borrowers to pay interest or Letter of Credit Participation Fees at the default rate set forth in Section 2.7(i), 2.13(d) and Section 2.15(c)(ii),
respectively; 
 (vii)    postpone any scheduled date fixed for payment of such interest or fees owing to
such Lender (it being agreed that a waiver of any condition precedent or the waiver of any Default, Event of Default or mandatory prepayment will not constitute a postponement under this clause (vii)); 

(viii)    (x) alter the manner in which payments or prepayments of principal, interest or other amounts
hereunder shall be applied as among the Lenders or (y) change the aggregate Ratable Portions of Lenders required for any or all Lenders to take any action hereunder; 

  
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 (ix)    (x) release all or substantially all of the
Collateral except as provided in Section 10.7(b)(i) or (y) release a Borrower from its payment obligation to such Lender under this Agreement or the Notes owing to such Lender (if any) or (z) release any Guarantor
from its Guarantee or its obligations under the Pledge and Security Agreement except (I) in connection with the sale or other disposition of such Guarantor (or all or substantially all of the assets thereof) permitted by this Agreement (or
permitted pursuant to a waiver or consent of a transaction otherwise prohibited by this Agreement) and (II) in connection with any other transaction permitted pursuant to this Agreement in which such Subsidiary Guarantor ceases to be a
Guarantor (including, without limitation, in connection with any transaction permitted pursuant to Section 8.6 and in connection with the designation of any Subsidiary Guarantor as an Unrestricted Subsidiary in accordance
with this Agreement); provided, however, that notwithstanding the foregoing clause (z), each of the following may be released: (x) any Immaterial Guarantor with the consent of each Administrative Agent, (y) any other
Guarantor that ceases to be a Subsidiary of the Parent as the result of a transaction permitted hereunder and (z) with the consent of each Administrative Agent, any Guarantor that, as a result of its status as a Guarantor, would be required to
take any action that at such time (I) is prohibited by (A) any Governmental Authority with authority over such Guarantor or (B) applicable law, (II) requires the consent of a Governmental Authority that has not been obtained or
(III) is not within such Guarantor’s legal capacity or authority; or 
 (x)    amend
Section 2.16(e) or (f), Section 10.7(b), this Section 11.1, the sharing provisions of Section 11.7 or the definitions of the terms
“Requisite Lenders”, “Requisite Revolving Lenders”, “Requisite LC Facility Lenders”, “Requisite Term Lenders”, or “Ratable Portion”; and 

provided, further, that notwithstanding the foregoing: (s) any modification or amendment to any Collateral Document or the Guaranty
Agreement to modify or amend the form, scope or content of any such Collateral Document or the Guaranty Agreement to conform or comply with local law requirements or custom shall only require the consent of each Administrative Agent and the
Collateral Agent, (t) any modification or amendment to the covenant levels, calculations or formulations described in Section 5.1 or Section 5.3 or any change to any of the following
definitions: “Fixed Charge Coverage Ratio”, “Leverage Ratio”, “Secured Leverage Ratio” and “Liquidity” (as such definitions are used solely for purposes of Section 5.1 or
Section 5.3) and the waiver of any default arising as a result of any violation under Section 5.1 or Section 5.3 or of any defaults arising as a result of any such default
shall only require the consent of the Requisite Liquidity Lenders, (u) no consent shall be required in order to add more restrictive terms for the benefit of the existing Term Loan Facilities pursuant to
Section 2.24(d)(iv)(F), (v) no amendment shall be made to this clause (a) without the prior written consent of each Lender, (w) no amendment, waiver or consent shall, unless in writing and signed by any
Special Purpose Vehicle that has been granted an option pursuant to Section 11.2(g), affect the grant or nature of such 

  
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option or the right or duties of such Special Purpose Vehicle hereunder, (x) (i) no amendment, waiver or consent shall, unless in writing and signed by the Applicable Administrative Agent in
addition to the Lenders required above to take such action, affect the rights or duties of such Administrative Agent under this Agreement or the other Loan Documents and (ii) no amendment, waiver or consent shall, unless in writing and signed
by the Collateral Agent in addition to the Lenders required above to take such action, affect the rights or duties of the Collateral Agent under this Agreement or the other Loan Documents, (y) no amendment, waiver or consent shall, unless in
writing and signed by such Issuer, affect the rights or duties of any Issuer under this Agreement or the other Loan Documents, (z) each fee letter entered into by a Loan Party in connection with this Agreement may be amended, or rights or
privileges thereunder waived, in a writing executed only by the parties thereto, (aa) only the consent of each Administrative Agent shall be required for the amendments contemplated by Section 2.17(b)(ii) and (bb) any
modification or amendment to Section 2.23, the definition of “Defaulting Lender” or Section 3.3 shall only require the consent of the Requisite Liquidity Lenders. 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 Lenders other than Defaulting Lender), except that (x) the Commitments of any Defaulting Lender may not be increased or extended without the consent of such Lender, (y) the principal amount of any
Loan owing to a Defaulting Lender or any Reimbursement Obligation payable to such Defaulting Lender may not be reduced without the consent of such Lender (in each case, other than by the payment or prepayment thereof) and (z) any waiver,
amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender. 

(b)    Each Administrative Agent may, but shall have no obligation to, with the concurrence of any Applicable Lender,
execute amendments, modifications, waivers or consents on behalf of such Lender. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on a Borrower in any
case shall entitle the Borrowers to any other or further notice or demand in similar or other circumstances. 

(c)    If, in connection with any proposed amendment, modification, waiver or termination requiring the consent of all
affected Lenders, the consent of Requisite Lenders is obtained but the consent of other Lenders whose consent is required is not obtained (any such Lender whose consent is not obtained as described in this Section 11.1(c)
being referred to as a “Non-Consenting Lender”), then, at the Borrowers’ request, the Administrative Agents or an Eligible Assignee reasonably acceptable to the Administrative Agents
(provided that any Lender, Affiliate of a Lender or an Approved Fund shall be acceptable) shall have the right (but shall have no obligation) to purchase from such Non-Consenting Lender, and such Non-Consenting Lender agrees that it shall, upon such request and acceptance, sell and assign to such Lender, Affiliate of a Lender, Approved Fund or Eligible Assignee, all of the Applicable Commitments and
Applicable Outstandings of such Non-Consenting Lender for an amount equal to the principal balance 

  
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of all Applicable Loans and other applicable Obligations held by the Non-Consenting Lender and all accrued interest and fees with respect thereto and other
amounts due and payable hereunder through the date of sale, such purchase and sale to be consummated pursuant to an Assignment and Acceptance delivered to the Applicable Administrative Agent, and the Eligible Assignee shall pay any processing and
recordation fee (which fee may be waived or reduced in the sole discretion of the Applicable Administrative Agent); provided, however, that the failure to execute and deliver such Assignment and Acceptance by the Non-Consenting Lender shall not invalidate such assignment, and such Assignment and Acceptance shall be deemed to be executed and delivered upon receipt by such Non-Consenting
Lender of the proceeds of such sale and acceptance. 
 (d)    Notwithstanding anything herein to the contrary, the Loan
Documents may be amended to adjust the borrowing mechanics related to the Swing Loans with only the written consent of the Revolving and LC Facilities Administrative Agent, the applicable Swing Loan Lender (or Swing Loan Lenders) and the Parent so
long as the obligations of the Revolver Lenders and, if applicable, any other Swing Loan Lender are not affected thereby. 
 Section 11.2
Assignments and Participations 
 (a)    Successors and Assigns Generally. The provisions of this
Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that no Loan Party may assign or otherwise transfer any of its rights or obligations hereunder
without the prior written consent of the Administrative Agents and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of
clause (b) below, (ii) by way of participation in accordance with the provisions of clause (d) below or (iii) by way of pledge or assignment of a security interest subject to the restrictions of clause
(f) below (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 clause (d) below and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agents, the Collateral Agent,
the Arrangers, the Bookrunners, the Co-Manager the Syndication Agents, the Documentation Agent, the Lenders, and the Issuers) 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 Eligible Assignees all or a
portion of its rights and obligations under this Agreement (including all or a portion of its LC Facility Commitment, Revolving Commitment, Term Commitment, the Loans and the Reimbursement Obligations at the time owing to it); provided that
any such assignment shall be subject to the following conditions: 
 (i)    Minimum Amounts. 

  
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	 	(A)	 Revolving and LC Facilities. (1) In the case of an assignment of the entire remaining amount of the
assigning Lender’s LC Facility Commitment or Revolving Commitment, the Revolving Loans and the Reimbursement Obligations at the time owing to it or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no
minimum amount need be assigned; and (2) in any case not described in clause (1) above, the aggregate amount of the LC Facility Commitment (which for this purpose includes LC Facility Letter of Credit Obligations outstanding
thereunder) or, the aggregate amount of the Revolving Commitment (which for this purpose includes Revolving Letter of Credit Obligations outstanding thereunder) or, if the Revolving Commitment or LC Facility Commitment, as applicable, is not then in
effect, the principal outstanding balance of the Revolving Loans or LC Facility Reimbursement Obligations, as applicable, of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect
to such assignment is delivered to the Revolving and LC Administrative Agent or, if “Trade Date” is specified in the Assignment and Acceptance, as of the Trade Date) shall not be less than $5,000,000.00 unless the Revolving and LC
Administrative Agent and, so long as no Event of Default under Section 9.1(a), (b) or (f) has occurred and is continuing, the Borrowers otherwise consent (each such consent not to be
unreasonably withheld or delayed). 

  

	 	(B)	 Term Loan Facility. (1) In the case of an assignment of the entire remaining amount of the
assigning Lender’s Term Commitment and the Term Loans at the time owing to it, no minimum amount need be assigned; and (2) in any case not described in clause (1) above, the aggregate amount of the Term Commitment or, if the
Term Commitment is not then in effect, the principal outstanding balance of the Term Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered
to the Term Loan Administrative Agent or, if “Trade Date” is specified in the Assignment and Acceptance, as of the Trade Date) shall not be less than $1,000,000.00 unless the Term Loan Administrative Agent and, so long as no Event of
Default under
 Sections 9.1(a), (b) or (f) has occurred and is continuing, the Borrowers otherwise consent (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 (A) with respect to the Revolving 

  
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Facility, the assigning Revolving Lender’s rights and obligations under this Agreement with respect to the Revolving Facility, (B) with respect to the LC Facility, the assigning LC
Lender’s rights and obligations under this Agreement with respect to the LC Facility and (C) with respect to the Term Facility, the assigning Term Lender’s rights and obligations under this Agreement with respect to the Term Loans or
the Term Commitment, as applicable. 
 (iii)    Required Consents. No consent shall be required
for any assignment except to the extent required by clauses (b)(i)(A)(2) and (b)(i)(B)(2) above and, in addition, (x) in the case of assignments of LC Facility Commitments, Revolving Commitments, LC Facility Letter of Credit
Obligations and Revolving Letter of Credit Obligations only: (A) the consent of the Borrowers (such consent not to be unreasonably withheld) shall be required unless (x) an Event of Default under Section 9.1(a), (b) or (f) has occurred and is continuing at the time of such assignment or
(y) such assignment is to an LC Lender or Revolving Lender, an Affiliate of an LC Lender or Revolving Lender or an Approved Fund with regard to an LC Lender or a Revolving Lender, as applicable; provided that a Borrower shall be deemed
to have consented to any such assignment unless it shall object thereto by written notice to the Revolving and LC Administrative Agent within 5 Business Days after having received notice thereof; (B) the consent of the Revolving and LC
Administrative Agent and each Revolving Issuer or LC Facility Issuer, as applicable (such consents not to be unreasonably withheld or delayed) shall be required if such assignment is to a Person that is not an LC Lender or Revolving Lender, an
Affiliate of such LC Lender or Revolving Lender or an Approved Fund with respect to such LC Lender or Revolving Lender; (C) the consent of each Revolving Issuer or LC Facility Issuer, as applicable (such consent not to be unreasonably withheld
or delayed) shall be required for any assignment that increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding); and (D) the consent of the Swing Loan Lender (such
consent not to be unreasonably withheld or delayed) shall be required in the case of assignments of Revolving Commitments and Revolving Letter of Credit Obligations and (y) in the case of assignments of Term Loans: (A) the consent of the
Borrowers (such consent not to be unreasonably withheld) shall be required unless (x) an Event of Default under Section 9.1(a), (b) or (f)
has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund with regard to a Lender, as applicable;
provided that a Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Term Loan Administrative Agent within 5 Business Days after having received notice thereof and
(B) the consent of the Term Loan Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required if such assignment is to a Person that is not an Term Lender, an Affiliate of such Term Lender or an Approved Fund
with respect to such Term Lender. 
 (iv)    Assignment and Acceptance. The parties
to each assignment (A) under the Revolving Facility or the LC Facility shall execute and deliver to the Revolving and LC Administrative Agent an Assignment and Acceptance, together 

  
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with a processing and recordation fee of $3,500.00, and the assignee, if it is not a Revolving Lender or LC Lender, shall deliver to the Revolving and LC Administrative Agent an Administrative
Questionnaire and (B) under the Term Facility shall execute and deliver to the Term Loan Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500.00, and the assignee, if it is not a Term
Lender, shall deliver to the Term Loan Administrative Agent an Administrative Questionnaire. 

(v)    [Reserved]. 

(vi)    No Assignment to Borrowers. No such assignment under the Revolving Facility or the LC
Facility shall be made to the Parent, the Borrowers or any of the Parent’s Affiliates or Subsidiaries. 

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

 (viii)    No Assignment to Defaulting Lenders. No such assignment shall be made 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. 

(ix)    No Assignment to
Disqualified Lenders. No assignment shall be made to any Disqualified Lender. Upon any Lender’s written request to the Applicable Administrative Agent, the Applicable Administrative Agent shall make available to such Lender the list of the
Disqualified Lenders.[Reserved]. 

(x)    No Assignment Prior to Effective Date. No assignment of any Commitment shall be made in any
respects during the period after the Execution Date but on or prior to the Effective Date. 

(xi)    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 Revolving and LC
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 Borrowers and the Revolving and LC 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 Revolving and LC Administrative Agent or any Lender hereunder (and interest accrued thereon) and (y) acquire (and fund
as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swing Loans (in the case of a Revolving Lender) in accordance with its Ratable Portion. Notwithstanding the foregoing, in

  
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the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph,
then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 
 Subject to
acceptance and recording thereof by the Applicable Administrative Agent pursuant to clause (c) below, from and after the effective date specified in each Assignment and Acceptance, the assignee thereunder shall be a party to this
Agreement and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such
Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be
a party hereto) but shall continue to be entitled to the benefits of Sections 2.17, 11.4 and 11.5 with respect to facts and circumstances occurring prior to the effective date of such assignment. Any assignment or transfer by a
Lender of rights or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with clause
(d) below. 
 (c)    Register. 

(i)    The Revolving and LC Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrowers, shall maintain at its address referred to in Section 11.8 a copy of each Assignment and Acceptance delivered to it and a register for the recordation
of the names and addresses of the Revolving Lenders or LC Lenders, as applicable, and Revolving Issuers, Cash Secured LC Issuers or LC Facility Issuers, as applicable, and the Revolving Commitments or LC Facility Commitments, as applicable, of, and
principal amounts of (and stated interest on) the Revolving Loans and Reimbursement Obligations owing to, each Revolving Lender or LC Lender, as applicable, and Revolving Issuer, LC Facility Issuer or Cash Secured LC Issuer, as applicable, pursuant
to the terms hereof from time to time (the “Revolving and LC Register”). The entries in the Revolving and LC Register shall be conclusive absent manifest error, and the Borrowers, the Revolving and LC Administrative Agent, Revolving
Lenders, LC Lenders, Revolving Issuers, the Cash Secured LC Issuers and LC Facility Issuers, shall treat each Person whose name is recorded in the Revolving and LC Register pursuant to the terms hereof as a Revolving Lender or LC Lender, as
applicable, hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. In addition, the Revolving and LC Administrative Agent shall maintain on the Revolving and LC Register information regarding the designation, and
revocation of designation, of any Revolving Lender or LC Lender as a Defaulting Lender. The Revolving and LC Register shall be available for inspection by the Borrowers, the Revolving Issuers, the Cash Secured LC Issuers or LC Facility Issuers, as
applicable, and any Revolving Lender or LC Lender, as applicable, at any reasonable time and from time to time upon reasonable prior notice. 

  
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 (ii)    The Term Loan Administrative Agent, acting
solely for this purpose as a non-fiduciary agent of the Borrowers, shall maintain at its address referred to in Section 11.8 a copy of each Assignment and Acceptance delivered to it
and a register for the recordation of the names and addresses of the Term Lenders and the Term Commitments of, and principal amounts of (and stated interest on) the Term Loans of each Term Lender pursuant to the terms hereof from time to time (the
“Term Register”). The entries in the Term Register shall be conclusive absent manifest error, and the Borrowers, the Term Loan Administrative Agent and Term Lenders, shall treat each Person whose name is recorded in the Term
Register pursuant to the terms hereof as a Term Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Term Register shall be available for inspection by the Borrowers and any Term Lender (solely with
respect to its own commitments), at any reasonable time and from time to time upon reasonable prior notice. 

(d)    Participations. Any Lender may at any time after (i) the Effective Date, with respect to any Term
Lender and (ii) the Execution Date, with respect to any Revolving Lender or LC Lender, without the consent of, or notice to, the Borrowers or any Administrative Agent, sell participations to any Person (other than a Disqualified Lender, a natural person, a Defaulting Lender, the Parent, any Borrower, or any of the
Parent’s other Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Term Commitment, Revolving
Commitment, LC Facility Commitment and/or the Loans and Reimbursement Obligations 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 Borrowers, each Administrative Agent, the Lenders, the Issuers and the Swing Loan Lender shall continue to deal solely and directly with such Lender
in connection with such Lender’s rights and obligations under this Agreement. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers,
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 such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered
form under Treasury Regulations Section 5f.103-1(c) and Proposed Treasury Regulations Section 1.163-5(b) (or any amended or successor version). 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, no Administrative Agent (in its capacity as Administrative Agent) shall have any responsibility for maintaining a Participant Register. 

  
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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, modification or waiver which would (x) reduce the amount, or postpone any date fixed for any amount (whether of principal, interest or fees) payable to such Participant under the Loan
Documents, to which such Participant would otherwise be entitled under such participation, (y) increase the commitment applicable to such Participant or (z) result in the release of all or substantially all of the Collateral or the release
of all or substantially all of the Guarantees. Subject to clause (e) below, each Borrower jointly and severally agrees that each Participant shall be entitled to the benefits of Section 2.17 to the same extent
as if it were a Lender and had acquired its interest by assignment pursuant to clause (b) above. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 11.6 as though
it were a Lender, provided such Participant agrees to be subject to Section 11.7 as though it were a Lender. 

(e)    Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment
under Sections 2.17(c), 2.18 and 2.19 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant unless the sale of the participation to such Participant is made
with the Borrowers’ prior written consent, except to the extent such entitlement to receive a greater payment results from a change in applicable Requirement of Law that occurs after the Participant acquired the applicable participation. A
Participant shall be entitled to the benefits of Section 2.19 as if it were a Lender which received its interest pursuant to an assignment pursuant to paragraph (b) of this Section, but only if each Borrower is
notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with Sections 2.19, 2.20 and 2.21 as though it were a Lender. 

(f)    Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or any central 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. 

(g)    In addition to the other assignment rights provided in this Section 11.2, at any time
after the Effective Date, each Lender may (i) grant to a Special Purpose Vehicle the option to make all or any part of any Loan that such Lender would otherwise be required to make hereunder and the exercise of such option by any such Special
Purpose Vehicle and the making of Loans pursuant thereto shall satisfy (once and to the extent that such Loans are made) the obligation of such Lender to make such Loans thereunder, provided, however, that nothing herein shall
constitute a commitment or an offer to commit by such a Special Purpose Vehicle to make Loans hereunder and no such Special Purpose 

  
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Vehicle shall be liable for any indemnity or other Obligation (other than the making of Loans for which such Special Purpose Vehicle shall have exercised an option, and then only in accordance
with the relevant option agreement), and (ii) assign, as collateral or otherwise, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or interest on the Loans) to
(y) any trustee for the benefit of the holders of such Lender’s Securities or any other holder of a Lender’s debt obligations or representative of such holder or (z) to any Special Purpose Vehicle to which such Lender has granted
an option pursuant to clause (i) above, in each case without notice to or consent of the Borrowers or any Administrative Agent; and provided, further, that no such assignment or grant shall release such Lender from any of
its obligations hereunder except as expressly provided in clause (i) above, and the Loan Parties shall continue to deal directly with the Lender and the Lender shall retain the sole right to enforce the Loan Documents and to approve of
any consents, amendments or other modifications thereto. Each Lender agrees that neither the grant to any Special Purpose Vehicle nor the exercise by any Special Purpose Vehicle shall increase the costs or expenses or otherwise change the
obligations of the Loan Parties under this Agreement. The parties hereto acknowledge and agree that, prior to the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior debt of any such
Special Purpose Vehicle, it will not institute against, or join any other Person in instituting against, any Special Purpose Vehicle that has been granted an option pursuant to this clause (g) any bankruptcy, reorganization, insolvency
or liquidation proceeding (such agreement shall survive the payment in full of the Obligations and the termination of this Agreement). 

(h)    Any Issuer may, with, unless an Event of Default under Section 9.1(a), (b) or
(f) has occurred and is continuing, the prior written consent of the Borrowers (such consent not to be unreasonably withheld or delayed) at any time assign its rights and obligations hereunder to any other Revolving Lender (with respect
to the Revolving Facility) or LC Lender (with respect to the LC Facility) that is not a Defaulting Lender by an instrument in form and substance satisfactory to the Borrowers, the Revolving and LC Administrative Agent, such Issuer and such Lender.
If any Issuer ceases to be a Lender hereunder by virtue of any assignment made pursuant to this Section 11.2(h), then, as of the effective date of such cessation, such Issuer’s obligations to Issue Letters of Credit
pursuant to Section 2.4 or Section 2.5, as applicable, shall terminate and such Issuer shall be an Issuer hereunder only with respect to outstanding Letters of Credit issued prior to such date.

 (i)    Term Loan Repurchases.
Notwithstanding anything to the contrary contained in this Section 11.2 or any other provision of this Agreement, the Borrowers may repurchase outstanding Term Loans, and each Term Lender shall have the right at any time to sell, assign or
transfer all or a portion of its Term Loans to the Borrowers, in each case, on a non-pro rata basis (I) through open-market purchases; provided that (1) at the time of the commencement and
conclusion of each open-market purchase, no Event of Default shall have occurred and be continuing, (2) the Revolving Facility may not be utilized to consummate such repurchase, (3) any cancellation of Indebtedness income arising from such
repurchase will not increase the calculation under this Agreement of consolidated EBITDA and (4) all such repurchased Term Loans will be automatically cancelled upon such repurchase, or (II) on the following basis: 

  
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(i)    Term Loan
Repurchase Auctions. The Borrowers may conduct one or more modified Dutch auctions (each, an “Auction”) to repurchase all or any portion of the Term Loans; provided that (1) each Borrower delivers a notice of such Auction to the
Auction Manager and the Term Loan Administrative Agent (for distribution to the Term Lenders) no later than 2:00 p.m. (New York time) at least five Business Days in advance of a proposed commencement date of such Auction, which notice shall specify
(x) the dates on which such Auction will commence and conclude, (y) the maximum principal amount of the Term Loans that such Borrower desires to repurchase in such Auction and (z) the range of discounts to par at which such Borrower
would be willing to repurchase the applicable Term Loans, (2) the maximum dollar amount of such Auction shall be no less than an aggregate $10,000,000.00 or an integral multiple of $1,000,000.00 in excess thereof, (3) such Auction shall be
open for at least two Business Days after the date of the commencement thereof, (4) such Auction shall be open for participation by all the applicable Term Lenders on a ratable basis, (5) an applicable Term Lender that elects to
participate in such Auction will be permitted to tender for repurchase all or a portion of such Term Lender’s Term Loans, (6) each repurchase of Term Loans shall be of a uniform, and not varying, percentage of all rights of the assigning
Term Lender hereunder with respect thereto, (7) at the time of the commencement and conclusion of such Auction, no Event of Default shall have occurred and be continuing, (8) such Auction shall be conducted pursuant to such procedures as
the Auction Manager may establish, so long as such procedures are consistent with this Section 11.2(i) and are reasonably acceptable to the Term Loan Administrative Agent and the Borrowers, (9) the Revolving Facility may not be utilized to
consummate such repurchase, (10) any cancellation of Indebtedness income arising from such repurchase will not increase the calculation under this Agreement of consolidated EBITDA and (11) all such repurchased Term Loans will be
automatically cancelled upon such repurchase. In connection with any Auction, the Auction Manager and the Term Loan Administrative Agent may request one or more certificates of a Responsible Officer of the Parent and the Borrowers as to the
satisfaction of the conditions set forth in clause (7) above and in Section 11.2(i)(ii).¶ 

(ii)    [Reserved].
¶ 
 (iii)    Concerning the Repurchased Term Loans. Repurchases by the Borrowers of Term Loans pursuant to this Section 11.2(i) shall not constitute
voluntary prepayments for purposes of Sections 2.6 or 2.9. Upon the repurchase by the Borrowers pursuant to this Section 11.2(i) of any Term Loans, such Term Loans shall, without further action by any Person, be deemed cancelled and no longer
outstanding (and may not be resold by the Borrowers) for all purposes of this Agreement and the other Loan Documents, including with respect to (1) the making of, or the application of, any payments to the Term Lenders under this Agreement or
any other Loan Document, (2) the making of any request, demand, authorization, direction, notice, consent or waiver under this Agreement or any other Loan Document or (3) the determination of Requisite Lenders, or for any similar or
related purpose, under this Agreement or any other Loan Document. The 

  
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Term Loan Administrative Agent is authorized to make appropriate entries in the Term Register to reflect any
cancellation of the Term Loans repurchased and cancelled pursuant to this Section 11.2(i). Any payment made by the Borrowers in connection with a repurchase permitted by this Section 11.2(i) shall not be subject to the provisions of
Section 2.15, Section 2.16(e) or Section 11.7. Failure by the Borrowers to make any payment to a Term Lender required to be made in consideration of a repurchase of Term Loans permitted by this Section 11.2(i) shall not
constitute a Default or an Event of Default under Section 9.1(a). Each Term Lender shall, to the extent that its Term Loans shall have been repurchased and assigned to the Borrowers pursuant to this Section 11.2(i), relinquish its rights
in respect thereof. Except as otherwise set forth in this Section 11.2(i), the provisions of this Section 11.2 shall not apply to any repurchase of Term Loans pursuant to this Section 11.2(i). 
 Section 11.3 Costs and Expenses 

(a)    The Parent and the Borrowers jointly and severally agree upon demand to pay, or reimburse each Administrative Agent
and the Collateral Agent for all of such Agent’s reasonable external audit, valuation, filing, document duplication and reproduction and investigation expenses and all reasonable and documented out-of-pocket legal expenses (limited to the reasonable and documented fees, expenses and disbursements of the Collateral Agent and Revolving and LC Administrative Agent’s counsel, Bracewell LLP, the
Term Loan Administrative Agent’s counsel, Latham & Watkins LLP, Davis Polk & Wardwell LLP as counsel to
certain Term Lenders and one firm of local legal counsel in each relevant jurisdiction) and for all of such Agent’s other reasonable and documented out-of-pocket costs and expenses of every type and nature (including, without limitation, the reasonable and documented fees, expenses and disbursements of auditors, accountants, printers, insurance and
environmental advisors, and other consultants and agents, including any third party consultant engaged by any Administrative Agent or the Collateral Agent to evaluate the Parent and its Subsidiaries) reasonably incurred by any Agent (without
duplication) in connection with any of the following: (i) any Administrative Agent’s audit and investigation of the Parent and its Subsidiaries in connection with the preparation, negotiation or execution of any Loan Document or, if an
Event of Default has occurred and is continuing, any Administrative Agent’s periodic audits of the Parent or any of its Subsidiaries (which audit expenses shall be reimbursed only if conducted when an Event of Default has occurred and is
continuing), as the case may be, (ii) the preparation, negotiation, execution or interpretation of this Agreement (including, without limitation, the satisfaction or attempted satisfaction of any condition set forth in Article III,
any Loan Document or any proposal letter or engagement letter issued in connection therewith, or the making of the Loans hereunder), (iii) the creation, perfection or protection of the Liens under any Loan Document, (iv) the ongoing
administration of this Agreement and the Loans and Letters of Credit, including consultation with attorneys in connection therewith and with respect to any Administrative Agent’s and the Collateral Agent’s rights and responsibilities
hereunder and under the other Loan Documents, (v) the protection, collection or enforcement of any Obligation or the enforcement of any Loan Document, (vi) the commencement, defense or intervention in any court proceeding relating in any
way to the Obligations, any Loan Party, any of the 

  
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Parent’s Subsidiaries, this Agreement or any other Loan Document, (vii) the response to, and preparation for, any subpoena or request for document production with which any Agent is
served or deposition or other proceeding in which any Agent is called to testify, in each case, relating in any way to the Obligations, any Loan Party, any of the Parent’s Subsidiaries, this Agreement or any other Loan Document, or
(viii) any amendment, consent, waiver, assignment, restatement, or supplement to any Loan Document or the preparation, negotiation, and execution of the same; provided, however, that the Borrowers shall not have any obligation
under clauses (vi) and (vii) hereunder in connection with any action brought by one Secured Party against another Secured Party (except in its capacity as an Agent, if applicable). The Borrowers also agree upon demand to pay all
reasonable and documented out-of-pocket expenses incurred by an Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any
demand for payment thereunder. Notwithstanding anything to the contrary herein, unless an Event of Default exists, the Borrowers shall not be responsible for any fees and
expenses under this clause (a) for any advisors, consultants or other third party service providers engaged by any of the Administrative Agents, the Collateral Agent, the Arrangers, the Bookrunners, the
Co-Manager, the Issuers and the Swingline Lenders or any of their respective Affiliates unless the Borrowers shall have approved such engagement of such advisor, consultant or other third party advisor in
writing prior to such engagement (such consent not to be unreasonably withheld, conditioned or delayed); provided, further, that the Borrowers shall not have any obligation
under clause (vi) hereunder in connection with any action brought by one Secured Party against another Secured Party (except in its capacity as an Agent, if applicable). 

(b)    Notwithstanding anything to the contrary herein, until Discharge of the First Priority Claim, the Borrowers severally agree to pay and reimburse promptly after demand any fees and expenses
for one law firm for each of and for one financial advisor and one special consultant for each of each of the Revolving and LC Administrative Agent and certain Term Lenders as a group. 
 (c)    (b) The Parent and the Borrowers further jointly and severally agree to pay or reimburse each Agent and each of the Lenders and
Issuers upon demand for all reasonable out-of-pocket costs and expenses, including, without limitation, reasonable and documented out-of-pocket attorneys’ fees (including allocated costs of settlement, but excluding in-house counsel and limited to the reasonable and documented fees, expenses
and disbursements of the Collateral Agent and Revolving and LC Administrative Agent’s counsel, Bracewell LLP, the Term Loan Administrative Agent’s counsel, Latham & Watkins LLP, Davis Polk & Wardwell LLP as counsel to certain of the Term Lenders,
and one firm of local legal counsel in each relevant jurisdiction), incurred by such Agent, such Lenders or Issuers in connection with any of the following: (i) in enforcing any Loan Document or any security therefor or exercising or enforcing
any other right or remedy available by reason of an Event of Default, (ii) following the occurrence and during the existence of an Event of Default, in connection with any refinancing or restructuring of the credit arrangements provided
hereunder in the nature of a “work-out” or in any insolvency or bankruptcy proceeding, (iii) in commencing, defending or intervening in any litigation or in filing a petition, complaint, answer,
motion or other pleadings in any legal proceeding relating to the Obligations, any Loan Party, any of the Parent’s Subsidiaries and related to 

  
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or arising out of the transactions contemplated hereby or by any other Loan Document or (iv) in taking any other action in or with respect to any suit or proceeding (bankruptcy or otherwise)
described in clause (i), (ii) or (iii) above; provided, however, that the Borrower shall not have any obligation under clause (iii) hereunder in connection with any action brought by one Secured
Party against another Secured Party (except in its capacity as an Agent, if applicable). 
 (d)    (c) Without prejudice to the survival of any other agreement of the Parent and the Borrowers hereunder, the
agreements and obligations of the Parent and the Borrowers contained in this Section 11.3 shall survive the resignation and/or replacement of any Administrative Agent or Collateral Agent, any assignment of rights by, or the
replacement of, a Lender or an Issuer, the termination of this Agreement, the Revolving Commitments, LC Facility Commitments or Term Commitments and the repayment, and the satisfaction or discharge of the Obligations 

Section 11.4 Indemnities 

(a)    The Parent and the Borrowers jointly and severally agree to and hereby do indemnify and hold harmless each
Administrative Agent, the Collateral Agent, Arranger, Bookrunner, Co-Manager, Issuers, Swingline Lender and Lender (together with their respective Affiliates (and controlling persons) and the respective
officers, directors, employees, agents, members (and successors and assigns) of each of the foregoing, each such Person being an “Indemnitee”) from and against any and all claims, damages, liabilities, obligations, losses,
penalties, actions, judgments, suits, costs, disbursements and expenses of any kind or nature (including reasonable, documented and customary fees, disbursements and expenses of financial and legal advisors to any such Indemnitee, provided that
legal advisors shall be limited to the reasonable and documented fees, disbursements and expenses of (x) one firm of counsel for alleach of the Agents, one firm of counsel for the Term  Lenders and one firm of counsel for the  Issuers, (y) one firm of
local counsel in each relevant jurisdiction, and (z) in the case of an actual or perceived conflict of interest where the person affected by such conflict retains its own counsel, of another firm of counsel for such affected person in each
relevant jurisdiction) that may be imposed on, incurred by or asserted against any such Indemnitee in connection with or arising out of any investigation, litigation or proceeding, whether or not any such Indemnitee is a party thereto and regardless
of whether such matter is initiated by a third party or by the Borrowers or any of its Affiliates, whether direct, indirect, or consequential and whether based on any federal, state or local law or other statutory regulation, securities or
commercial law or regulation, or under common law or in equity, or on contract, tort or otherwise, in any manner relating to or arising out of this Agreement, any other Loan Document, any Obligation, any Letter of Credit, the Business Combination or
any act, event or transaction related or attendant to any thereof, or the use or intended use of the proceeds of the Loans or Letters of Credit or in connection with any investigation of any potential matter covered hereby (collectively, the
“Indemnified Matters”); provided, however, that the Borrowers shall not have any obligation under this Section 11.4 to an Indemnitee with respect to (i) any Indemnified Matter caused by
or resulting from the gross negligence, bad faith or willful misconduct of such Indemnitee, as determined by a court of competent jurisdiction in a final non-appealable judgment or order or order of an
arbitral 

  
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tribunal, (ii) a material breach of the Loan Documents by such Indemnitee, as determined by a court of competent jurisdiction in a final
non-appealable judgment or order or order of an arbitral tribunal and (iii) any action brought by one Indemnitee against another Indemnitee (except in its capacity as an Agent) which does not involve an
act or omission by the Parent or any of its Affiliates or (iv) any settlement entered into by such Indemnitee without the Parent’s written consent (such consent not to be unreasonably withheld, conditioned or delayed); provided that
the foregoing indemnity will apply to any such settlement in the event that the Parent was offered the ability to assume the defense of the action that was the subject matter of such settlement and elected not to so assume; provided,
further, that if there is a final and non-appealable judgment by a court of competent jurisdiction, the Parent agrees to indemnify and hold harmless each Indemnitee from and against any and all losses,
claims, damages, liabilities and expenses by reason of such settlement or judgment in accordance with the other provisions of this Section 11.4. Without limiting the foregoing, but subject to the express limitations of the
foregoing, “Indemnified Matters” include (i) all Environmental Liabilities and Costs arising from or connected with the past, present or future operations of the Parent, the Borrowers, or any of their respective Subsidiaries
involving any property subject to a Collateral Document, or damage to real or personal property or natural resources or harm or injury alleged to have resulted from any Release of Contaminants on, upon or into such property or any contiguous real
estate, (ii) any costs or liabilities incurred in connection with any Remedial Action concerning the Parent, the Borrowers, or any of their respective Subsidiaries, (iii) any costs or liabilities incurred in connection with any
Environmental Lien and (iv) any costs or liabilities incurred in connection with any other matter under any Environmental Law, including the Comprehensive Environmental Response, Compensation and Liability Act of 1980, (49 U.S.C. § 9601
et seq.) and applicable state property transfer laws, whether, with respect to any such matter, such Indemnitee is a mortgagee pursuant to any leasehold mortgage, a mortgagee in possession, the successor in interest to the Parent or any of
its Subsidiaries, or the owner, lessee or operator of any property of the Parent or any of its Subsidiaries by virtue of foreclosure, except, with respect to those matters referred to in clauses (i), (ii), (iii) and
(iv) above, to the extent (x) incurred following foreclosure (or deed in lieu thereof) by any Administrative Agent, any Lender or any Issuer, or any Administrative Agent, the Collateral Agent, any Lender or any Issuer having become
the successor in interest to the Parent, the Borrowers, or any of their respective Subsidiaries and (y) attributable solely to acts of such Administrative Agent, such Lender or such Issuer or any agent on behalf of such Administrative Agent,
such Lender or such Issuer. This Section 11.4(a) shall not apply with respect to Taxes other than any Taxes that represent losses or damages arising from any non-Tax claim. 

(b)    The Parent and each Borrower shall and does hereby jointly and severally indemnify each Agent, each Lender and each
Issuer for, and hold each Agent, each Lender and each Issuer harmless from and against, any and all claims for brokerage commissions, fees and other compensation made against any Agent, any Lender and any Issuer for any broker, finder or consultant
with respect to any agreement, arrangement or understanding made by or on behalf of any Loan Party or any of its Subsidiaries in connection with the transactions contemplated by this Agreement. 

  
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 (c)    Promptly after receipt by an Indemnitee of service of any
complaint or the commencement of any action or proceeding with respect to an Indemnified Matter, such Indemnitee will notify the Parent in writing of such complaint or of the commencement of such action or proceeding, but failure to so notify the
Parent will relieve the Parent or the Borrowers from the obligation to indemnify such Indemnitee only if and only to the extent that such failure results in the forfeiture by the Parent or the Borrowers of substantial rights and defenses that
actually and materially prejudice the Parent or the Borrowers, and will not in any event relieve the Parent or the Borrowers from any other obligation or liability that the Parent or the Borrowers may have to any Indemnitee otherwise than in
accordance with the provisions hereof. If the Parent or any Borrower so elects following its acknowledgment of its obligation to indemnify the Indemnitee, or if requested by such Indemnitee, the Parent or such Borrower will assume the defense of
such action or proceeding, including the employment of counsel reasonably satisfactory to such Indemnitee and the payment of the fees and disbursements of such counsel. In the event, however, such Indemnitee reasonably determines in its judgment
that having common counsel would present such counsel with a conflict of interest or if the defendants in or targets of any such action or proceeding include an Indemnitee and the Parent or the Borrowers and such Indemnitee reasonably concludes that
there may be legal defenses available to it or other Indemnitees that are different from or in addition to those available to the Parent or the Borrowers, or if the Parent or the Borrowers fail to assume the defense of the action or proceeding or to
employ counsel reasonably satisfactory to such Indemnitee in a timely manner, then such Indemnitee may employ separate counsel to represent or defend it in any such action or proceeding and the Parent and the Borrowers will pay the reasonable and
customary fees and disbursements of such counsel; provided, however, that the Parent and the Borrowers will not be required to pay the fees and disbursements of more than one separate counsel (in addition to local counsel) for such
Indemnitee in any jurisdiction in any single action or proceeding. In any action or proceeding the defense of which the Parent or the Borrowers assume, the Indemnitee will have the right to participate in such litigation and to retain its own
counsel at such Indemnitee’s own expense. 
 (d)    The Parent and the Borrowers jointly and severally agree that
any indemnification or other protection provided to any Indemnitee pursuant to this Agreement (including pursuant to this Section 11.4) or any other Loan Document shall (i) survive the termination of this Agreement and
the payment in full of the Obligations and (ii) inure to the benefit of any Person that was at any time an Indemnitee under this Agreement or any other Loan Document. 

Section 11.5 Limitation of Liability 

The Parent and the Borrowers jointly and severally agree that no Indemnitee shall have any liability (whether direct or indirect, in contract,
tort or otherwise) to any Loan Party or any of their respective Subsidiaries or any of their respective equity holders or creditors for or in connection with the transactions contemplated hereby and in the other Loan Documents, except for direct
damages (as opposed to special, indirect, consequential or punitive damages (including, without limitation, any loss of profits, business or anticipated savings)) determined in a final non-appealable judgment
by a court of competent jurisdiction to have resulted from such Indemnitee’s gross negligence, bad faith 

  
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or willful misconduct. The Parent and each Borrower hereby waives, releases and agrees (for itself and on behalf of its Subsidiaries) not to sue upon any such claim for any special, indirect,
consequential or punitive damages, whether or not accrued and whether or not known or suspected to exist in its favor. 
 Section 11.6 Right of Set-off 
 Upon the occurrence and during the continuance of any Event of Default, each Liquidity
Lender and each Affiliate of any of them is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time
held and other indebtedness at any time owing by such Lender or any of their respective Affiliates to or for the credit or the account of the Parent or any Borrower against any and all of the Obligations now or hereafter existing whether or not such
Lender shall have made any demand under this Agreement or any other Loan Document and even though such Obligations may be unmatured. Each Lender agrees promptly to notify the Parent or such Borrower after any such
set-off and application made by such Lender or its respective Affiliates; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application. In the event that any Defaulting Lender shall exercise any right of setoff, (x) all amounts so set off shall be paid over immediately to the Revolving and LC Administrative Agent for
further application in accordance with the provisions of Section 2.23 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 Revolving
and LC Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Revolving and LC Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to
which it exercised such right of setoff. The rights of each Lender under this Section 11.6 are in addition to the other rights and remedies (including other rights of set-off) that
such Lender may have. 
 Section 11.7 Sharing of Payments, Etc. 

Subject to Section 2.16(f): 

(a)    
(i)(A) if any Term Lender obtains any payment (whether
voluntary, involuntary, through the exercise of any right of set-off or otherwise) of the Term Loans owing to it, any interest thereon, fees in respect thereof or other Obligations in respect of the Term Loans
hereunder (other than payments pursuant to Section 2.17, 2.18 or 2.19) in excess of its Ratable Portion of all payments of such Obligations obtained by all the Term Lenders, except as a result of a refinancing
of such Obligations or the repurchase of Term Loans pursuant to Section 11.2(i), such Term Lender (each, a “Purchasing Term Lender”) shall forthwith purchase from the other Term Lenders (each, a
“Selling Term Lender”) such participations in their Term Loans as shall be necessary to cause such Purchasing Term Lender to share the excess payment ratably with each of them. 

 

	 	(B)	 If any Revolving Lender obtains any payment (whether voluntary, involuntary, through the exercise of any right
of 

  
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set-off or otherwise) of the Revolving Loans or Revolving Letter of Credit Obligations owing to it, any interest thereon, fees in respect thereof or other
Revolving Obligations hereunder (other than payments pursuant to Section 2.17, 2.18 or 2.19) in excess of its Ratable Portion of all payments of such Obligations obtained by all the Revolving Lenders, except
as a result of a refinancing of such Obligations, such Revolving Lender (each, a “Purchasing Revolving Lender”) shall forthwith purchase from the other Revolving Lenders (each, a “Selling Revolving Lender”) such
participations in their Revolving Loans and Revolving Letter of Credit Obligations as shall be necessary to cause such Purchasing Revolving Lender to share the excess payment ratably with each of them. 

 

	 	(C)	 If any LC Lender obtains any payment (whether voluntary, involuntary, through the exercise of any right of set-off or otherwise) of the LC Facility Obligations owing to it, any interest thereon, fees in respect thereof or other LC Facility Obligations hereunder (other than payments pursuant to
Section 2.17, 2.18 or 2.19) in excess of its Ratable Portion of all payments of such Obligations obtained by all the LC Lenders, except as a result of a refinancing of such Obligations, such LC Lender (each, a
“Purchasing LC Lender” and, together with the Purchasing Term Lenders and the Purchasing Revolving Lenders, the “Purchasing Lenders”) shall forthwith purchase from the other LC Lenders (each, a “Selling LC
Lender” and, together with the Selling Term Lenders and the Selling Revolving Lenders, the “Selling Lenders”) such participations in their LC Facility Letter of Credit Obligations as shall be necessary to cause such
Purchasing LC Lender to share the excess payment ratably with each of them. 

 (ii)    
(A) Except as expressly provided otherwise with respect to
Swing Loans and Defaulting Lenders, each Revolving Borrowing, each payment or prepayment of principal of any Revolving Borrowing, each payment of interest on the Revolving Loans, each payment of the Revolving Commitment Fees, each reduction of the
Revolving Commitments and each conversion of any Revolving Borrowing to or continuation of any Revolving Borrowing shall be allocated pro rata among the Revolving Lenders in accordance with their respective Revolving Commitments (or, if
Revolving Commitments shall have expired or been terminated, in accordance with the respective Revolving Exposure). For purposes of determining the available Revolving Commitments of the Revolving Lenders at any time, each outstanding Swing Loan
shall be deemed to have utilized the Revolving Commitments of the Revolving Lenders (including those Revolving Lenders which shall not have made Swing Loans) pro rata in accordance with such

  
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respective Revolving Commitments. Each Revolving Lender agrees that in computing such Revolving Lender’s portion of any Revolving Borrowing to be made hereunder, the Revolving and LC
Administrative Agent may, in its discretion, round each Revolving Lender’s percentage of such Revolving Borrowing to the next higher or lower whole dollar amount. 
  

	 	(B)	 Each Term Borrowing, each payment or prepayment of principal of any Term Borrowing, each payment of interest on
the Term Loans, each reduction of the Term Commitments and each conversion of any Term Borrowing to or continuation of any Term Borrowing shall be allocated pro rata among the Term Lenders in accordance with their respective Term Exposure.
Each Term Lender agrees that in computing such Term Lender’s portion of any Term Borrowing to be made hereunder, the Term Loan Administrative Agent may, in its discretion, round each Term Lender’s percentage of such Term Borrowing to the
next higher or lower whole dollar amount. 

  

	 	(C)	 Except as expressly provided otherwise with respect to Defaulting Lenders, each payment of the LC Facility
Commitment Fees and each reduction of the LC Facility Commitments shall be allocated pro rata among the LC Facility Lenders in accordance with their respective LC Facility Commitments (or, if LC Facility Commitments shall have expired or been
terminated, in accordance with the respective LC Facility Exposure). 

 (b)    If all or any portion
of any payment received by a Purchasing Lender is thereafter recovered from such Purchasing Lender, such purchase from each applicable Selling Lender shall be rescinded and such Selling Lender shall repay to the Purchasing Lender the purchase price
to the extent of such recovery together with an amount equal to such Selling Lender’s ratable share (according to the proportion of (i) the amount of such Selling Lender’s required repayment in relation to (ii) the total amount
so recovered from the Purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered. 

(c)    Each Borrower jointly and severally agrees that any Purchasing Lender so purchasing a participation from a Selling
Lender pursuant to this Section 11.7 may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off) with respect to such
participation as fully as if such Purchasing Lender were the direct creditor of such Borrower in the amount of such participation. 

  
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 Section 11.8 Notices, Etc. 

All notices, demands, requests and other communications provided for in this Agreement shall be given in writing, or, if consented to by the
Applicable Administrative Agent, by any telecommunication device capable of creating a written record (including electronic mail), and addressed to the party to be notified as follows: 

(a)    if to the Parent or the Borrowers: 

 McDermott International, Inc. 

 757 North Eldridge Parkway 

 Houston, Texas 77079 

 Attention: Treasurer 

 with a copy to: 

 McDermott International, Inc. 

 757 North Eldridge Parkway 

 Houston, Texas 77079 

 Attention: General Counsel 

 and (which shall
not constitute notice): 
  Kirkland & Ellis LLP 

 609 Main
Street 

 Houston, TX
77002 

 Attention: Lucas E.
Spivey 

 E-Mail Address: lucas.spivey@kirkland.com 
  and 

 Baker Botts L.L.P. 

 910 Louisiana Street 

 Houston, TX 77002 

 Attention: Ted Paris, Esq. 

 Telecopy No.: (713) 229-7738 

 E-Mail Address: ted.paris@bakerbotts.com 

(b)    if to any Lender, at its Domestic Lending Office; 

(c)    if to any Issuer, (i) at its Domestic Lending Office, if such Issuer is a Lender or (ii) otherwise, at
the Domestic Lending Office of any Lender Affiliated therewith or, in each case at any other address set forth in a notice sent to each Administrative Agent and the Borrowers; 

  
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 (d)    if to the Revolving and LC Administrative Agent: 

Crédit Agricole Corporate 

and Investment Bank 
 1301
Avenue of the Americas 
 New York, NY 10019 

Attention: Agnes Castillo 

Telecopy No.: 917-849-5463 or
917-849-5456; and 
 (e)    if to the
Term Loan Administrative Agent: 
 Notices (other than for delivery of any Notice of Borrowing or 

Notice of Conversion or Continuation): 

Barclays Bank PLC 
 Bank Debt
Management Group 
 745 Seventh Avenue 

New York, NY 10019 
 Attn:
Nicholas Guzzardo Robert
Walsh 
 Tel:  (212) 320-6759 Facsimile:  (212) 526-51156047 
 Email: 

Nicholas.guzzardo@barclays.comrobert.xa.walsh@barclays.com 

For Ppayments and for delivery of any Notice of Borrowing or

 Notice of Conversion or Continuation: 

Barclays Bank PLC 
 Loan
Operations 
 700 Prides Crossing 
 Newark, DE
19713 
 400 Jefferson Park, 3rd Floor, 

Whippany,
NJ 07981 
 Attn: Agency Services – McDermott International; 

Contact Name - Curtis Wilson– Kevin Leamy 

Tel: (302) 286-1984 

Email: 12145455230@TLS.LDSPROD.com 

12145455230@TLS.LSDPROD.com
 and to: 
 Curtis.Wilsonkevin.leamy
@barclays.com 
 or at such other address as shall be notified in writing (x) in the case
of the Borrowers and any Administrative Agent, to the other parties and (y) in the case of all other parties, to the Borrowers and each Administrative Agent. All such notices and communications shall be effective upon personal delivery (if
delivered by hand, including any overnight courier service), when deposited in the mails (if sent by mail), or when properly transmitted (if sent by a telecommunications device or through the Internet); provided, however, that notices
and communications to an Administrative Agent pursuant to Article II or X shall not be effective until received by such Administrative Agent (unless otherwise expressly provided hereunder). 

  
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 Each Public-Side Lender agrees to cause at least one individual at or on behalf of such Public-Side Lender
to at all times have selected the “Private-Side Information” or similar designation on the content declaration screen of IntraLinks, Debtdomain, SyndTrak or Donnelley Financial Solutions Venue in order to enable such Public-Side Lender or
its delegate, in accordance with such Public-Side Lender’s compliance procedures and applicable law, including United States federal and state securities laws, to make reference to information that is not made available through the
“Public-Side Information” portion of IntraLinks and that may contain MNPI. In the event that any Public-Side Lender has determined for itself to not access any information disclosed through IntraLinks, Debtdomain, SnydTrak, Donnelley
Financial Solutions Venue or otherwise, such Public-Side Lender acknowledges that (x) other Lenders may have availed themselves of such information and (y) neither any Loan Party nor any Agent has any responsibility for such Public-Side
Lender’s decision to limit the scope of the information it has obtained in connection with this Agreement and the other Loan Documents. 

Section 11.9 No Waiver; Remedies 

No failure on the part of any Lender, any Issuer, any Collateral Agent or any Administrative Agent to exercise, and no delay in exercising, any
right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not
exclusive of any remedies 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 Applicable Administrative Agent and the Collateral Agent in accordance with Section 9.2 for the benefit of all the Secured Parties; provided, however, that the foregoing shall
not prohibit (a) any Administrative Agent or the Collateral Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent or Collateral Agent) hereunder and under the
other Loan Documents, (b) the Issuers from exercising the rights and remedies that inure to their respective benefit (solely in their capacity as Issuers) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff
rights in accordance with Section 11.6 (subject to the terms of Section 11.7), 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 Revolving and LC Administrative Agent, Term Loan Administrative Agent or
Collateral Agent hereunder and under the other Loan Documents, then (i) the Applicable Requisite Lenders under the applicable Senior Credit Facility shall have the rights otherwise ascribed to the Applicable Administrative Agent or Collateral
Agent pursuant to Section 9.2 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) above and subject to Section 11.7, any Lender may, with the
consent of the Requisite Lenders, enforce any rights and remedies available to it and as authorized by the Requisite Lenders. 

  
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 Section 11.10 Binding Effect 

This Agreement shall become effective when it shall have been executed by each of the parties hereto and when each Administrative Agent shall
have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto. 
 Section 11.11 Governing
Law 
 This Agreement and the rights and obligations of the parties hereto (including the submission to jurisdiction in
Section 11.12) shall be governed by, and construed and interpreted in accordance with, the law of the State of New York, without regard to its conflicts of laws provisions. 

Section 11.12 Submission to Jurisdiction; Service of Process 

(a)    Any legal action or proceeding with respect to this Agreement or any other Loan Document shall be brought in the
courts of the State of New York sitting in New York County or of the United States of America for the Southern District of New York, and, by execution and delivery of this Agreement, each Loan Party hereby accepts for itself and in respect of its
property, generally and unconditionally, the exclusive jurisdiction of the aforesaid courts, except that the Agents, Issuers or Lenders may bring legal action or proceedings in other appropriate jurisdictions with respect to the enforcement of its
rights with respect to the Collateral. The parties hereto hereby irrevocably waive any objection, including any objection to the laying of venue or based on the grounds of forum non conveniens, that any of them may now or hereafter
have to the bringing of any such action or proceeding in such respective jurisdictions. 
 (b)    The Parent and each
Borrower irrevocably consents to the service of any and all process in any such action or proceeding by the mailing (by registered or certified mail, postage prepaid) of copies of such process to J. Ray McDermott Holdings, LLC (at 757 North Eldridge
Parkway, Houston, Texas 77079) or the Parent at its address specified in Section 11.8. The Parent and each Borrower agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in
other jurisdictions by suit on the judgment or in any other manner provided by law. 
 (c)    Nothing contained in this
Section 11.12 shall affect the right of any Administrative Agent or any Lender to serve process in any other manner permitted by law or commence legal proceedings or otherwise proceed against the Borrowers or any other Loan
Party in any other jurisdiction. 
 (d)    To the extent that either the Parent or a Borrower has or hereafter may
acquire any immunity from jurisdiction of any court or from any legal process (whether from service or notice, attachment prior to judgment, attachment in aid of execution of a judgment, execution or otherwise), such Person hereby irrevocably waives
such immunity in respect of its obligations hereunder. 

  
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 Section 11.13 Waiver of Jury Trial 

EACH AGENT AND EACH OF THE
LENDERS, THE ISSUERS, THE PARENT AND EACH BORROWER WAIVES TRIAL BY
JURY IN ANY ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR
ANY OTHER LOAN DOCUMENT. 
 Section 11.14 Marshaling; Payments Set Aside

 None of the Administrative Agents, the Collateral Agent, any Lender or any Issuer shall be under any obligation to marshal any assets
in favor of the Borrowers or any other party or against or in payment of any or all of the Obligations. To the extent that any Borrower makes a payment or payments to any Administrative Agent, the Collateral Agent, the Lenders or the Issuers or any
such Person receives payment from the proceeds of the Collateral or exercises its rights of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared to be
fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party, then to the extent of such recovery, the obligation or part thereof originally intended to be satisfied, and all Liens, right and remedies
therefor, shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred. 

Section 11.15 Section Titles 

The section titles contained in this Agreement are and shall be without substantive meaning or content of any kind whatsoever and are not a
part of the agreement between the parties hereto, except when used to reference such section. If a numbered reference to a clause, sub-clause or subsection hereof is immediately followed by a reference in
parenthesis to the title of a section hereof containing such clause, sub-clause or subsection, the reference is only to such clause, sub-clause or subsection and not to
the section generally. If a numbered reference to a section hereof is immediately followed by a reference in parenthesis to a section hereof, the title reference shall govern in case of direct conflict. 

Section 11.16 Execution in Counterparts 

This Agreement may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are
attached to the same document. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart hereof. 

Section 11.17 Entire Agreement 

This Agreement, together with all of the other Loan Documents and all certificates and documents delivered hereunder or thereunder, embodies
the entire agreement of the 

  
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parties and supersedes all prior agreements and understandings relating to the subject matter hereof. Delivery of an executed signature page of this Agreement by facsimile transmission or other
electronic imaging means shall be as effective as delivery of a manually executed counterpart hereof. A set of the copies of this Agreement signed by all parties shall be lodged with the Borrowers and each Administrative Agent. 

Section 11.18 Confidentiality 

Each Administrative Agent, each Lender and each Issuer agrees to maintain the confidentiality of the Information, except that Information may
be disclosed (i) to its Affiliates and to its and its Affiliates’ respective Related Parties, to any insurance broker, and to any provider of credit protection (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), (ii) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority,
such as the National Association of Insurance Commissioners), (iii) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (iv) to any other party hereto, (v) 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, (vi) subject to an agreement containing
provisions substantially the same as those of this Section, to (A) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, (B) any actual or prospective
counterparty (or its advisors) to any swap or derivative transaction relating to the Borrowers and its obligations or (C) any Special Purpose Vehicle that is a grantee of any option described in Section 11.2(g) or to
any pledgee referred to in Section 11.2(f) or (g) (other than a pledgee to which disclosure is permitted under clause (ii) above), (vii) with the consent of the Borrowers or (viii) to the extent such
Information (x) becomes publicly available other than as a result of a breach of this Section 11.18 or (y) becomes available to any Administrative Agent, any Lender, any Issuer or any of their respective
Affiliates on a nonconfidential basis from a source other than the Parent and its Subsidiaries. Any Person required to maintain the confidentiality of Information as provided in this Section 11.18 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 Administrative Agent, each
Lender and each Issuer acknowledges that (a) the Information may include MNPI concerning the Parent or its Subsidiaries, as the case may be and (b) it has developed compliance procedures regarding the use of such MNPI. Notwithstanding the
foregoing, each Administrative Agent, each Arranger, the Co-Manager and each Lender may disclose the existence of the Senior Credit Facilities and information about the Senior Credit Facilities to market data
collectors, similar services providers to the lending industry, and service provides to each of the foregoing in connection with the Senior Credit Facilities and the other Loan Documents. 

  
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 Section 11.19 Judgment Currency 

(a)    If, for the purposes of obtaining or enforcing any judgment or award in any court, or for making or filing a claim
or proof, it is necessary to convert a sum due hereunder in any currency (the “Original Currency”) into another currency (the “Other Currency”), the parties hereto agree, to the fullest extent permitted by law, that
the rate of exchange used shall be that at which, in accordance with normal banking procedures, the Administrative
Agents could purchase the Original Currency with such Other Currency in New York, New York on the Business Day
immediately preceding the day on which any such judgment, or any relevant part thereof, is given. 
 (b)    The
obligations of the Parent or any Borrower in respect of any sum due from it to any Agent or Lender hereunder shall, notwithstanding any judgment or award in such Other Currency, be discharged only to the extent that on the Business Day following
receipt by such Agent or Lender of any sum adjudged to be so due in such Other Currency such Agent or Lender may in accordance with normal banking procedures purchase the Original Currency with such Other Currency; if the Original Currency so
purchased is less than the sum originally due such Agent or Lender in the Original Currency, the Borrowers jointly and severally agree, as a separate obligation and notwithstanding any such judgment, to indemnify such Agent or Lender against such
loss, and if the Original Currency so purchased exceeds the sum originally due to such Agent or Lender in the Original Currency, such Agent or Lender shall remit such excess to the Borrowers. 

Section 11.20 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 11.20, 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 each Administrative Agent, any Issuer or the Swing Loan Lender as applicable, then such provisions shall be deemed to be in effect only to the extent not so
limited. 
  

	Section	 11.21 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 

  
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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. 

Section 11.22 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 any 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, to cash collateralize the Reimbursement Obligations, in either case in respect of the Facility for which such
interest was paid, or if no such Reimbursement Obligations are outstanding, refunded to the Borrowers. In determining whether the interest contracted for, charged, or received by an Administrative Agent or a Lender exceeds the Maximum Rate, such
Person may, in its sole discretion, 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. 

Section 11.23 Obligations Joint and Several and Unconditional 

The obligations of each Borrower under this Agreement and each other Loan Document are joint and several and absolute and unconditional
irrespective of the value, genuineness, validity, regularity or enforceability of the obligations of any other Borrower under this Agreement or any other Loan Document (collectively, the “Other Borrower Obligations”), or any
substitution, release or exchange of any other guarantee of or security for any of the Other Borrower Obligations, and, to the fullest extent permitted by applicable Requirement of Law, irrespective of any other circumstance whatsoever which might
otherwise constitute a legal or equitable discharge or defense of a surety or guarantor (other than a defense of payment or performance hereunder or thereunder), it being the intent of this Section 11.23 and this Agreement
that the obligations of each Borrower under this Agreement shall be absolute and unconditional under any and all circumstances (other than to the extent already paid or performed hereunder or thereunder). Without limiting the generality of the
foregoing, it is agreed that the occurrence of any one or more of the following shall not affect the liability of any Borrower under this Agreement or any other agreement referred to herein: 

  
 -219- 

 (a)    at any time or from time to time, without notice to any Borrower,
the time for any performance of or compliance with any of the Other Borrower Obligations shall be extended, or such performance or compliance shall be waived; 

(b)    any of the acts mentioned in any of the provisions of this Agreement or any other agreement or instrument referred
to herein or therein shall be done or omitted; 
 (c)    the maturity of any of the Other Borrower Obligations shall be
accelerated, or any of the Other Borrower Obligations shall be modified, supplemented or amended in any respect, or any right under this Agreement or any other Loan Document shall be waived or any other guarantee of any of the Other Borrower
Obligations or any security therefor shall be released or exchanged in whole or in part or otherwise dealt with; or 

(d)    any lien or security interest granted to, or in favor of, any Administrative Agent, any Issuer or any Lender or
Lenders as security for any of the Other Borrower Obligations shall fail to be perfected. 
 ARTICLE XII 

GUARANTY 

Section 12.1 The Guaranty 

The Parent hereby guarantees to each Secured Party as hereinafter provided, as primary obligor and not as surety, the prompt payment of the
Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly in accordance with the terms thereof. The Parent hereby further agrees that if any of
the Obligations are not paid in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise), the Parent will promptly pay the same, without any demand or notice
whatsoever, and that in the case of any extension of time of payment or renewal of any of the Obligations, the same will be promptly paid in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash
collateralization or otherwise) in accordance with the terms thereof. 
 Notwithstanding any provision to the contrary contained herein or
in any other of the Loan Documents or the other documentation governing the Obligations (such other documentation, the “Other Documents”), the obligations of the Parent under this Agreement and the other Loan Documents shall be
limited to an aggregate amount equal to the largest amount that would not render such obligations subject to avoidance under Debtor Relief Laws or any comparable provisions of any applicable state law. 

Section 12.2 Obligations Unconditional 

The obligations of the Parent under Section 12.1 are absolute and unconditional, irrespective of the value,
genuineness, validity, regularity or enforceability of any of the Loan Documents, the Other Documents or any other agreement or instrument referred to 

  
 -220- 

 
therein, or any substitution, release, impairment or exchange of any other guarantee of or security for any of the Obligations, and, to the fullest extent permitted by applicable law,
irrespective of any other circumstance whatsoever which might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor (other than defense of payment or satisfaction), it being the intent of this
Section 12.2 that the obligations of the Parent hereunder shall be absolute and unconditional under any and all circumstances. The Parent agrees that it shall have no right of subrogation, indemnity, reimbursement or
contribution against either the Borrowers or any other Loan Party for amounts paid under this Section 12.2 until the Final Satisfaction Date. Without limiting the generality of the foregoing, it is agreed that, to the
fullest extent permitted by law, the occurrence of any one or more of the following shall not alter or impair the liability of the Parent hereunder, which shall remain absolute and unconditional as described above: 

(a)    at any time or from time to time, without notice to the Parent, the time for any performance of or compliance with
any of the Obligations shall be extended, or such performance or compliance shall be waived; 
 (b)    [Reserved]; 

(c)    the maturity of any of the Obligations shall be accelerated, or any of the Obligations shall be modified,
supplemented or amended in any respect, or any right under any of the Loan Documents, the Other Documents or any other agreement or instrument referred to therein shall be waived or any other guarantee of any of the Obligations or any security
therefor shall be released, impaired or exchanged in whole or in part or otherwise dealt with; 
 (d)    any Lien
granted to, or in favor of, any Secured Party as security for any of the Obligations shall fail to attach or be perfected; or 

(e)    any of the Obligations shall be determined to be void or voidable (including, without limitation, for the benefit
of any creditor of the Parent) or shall be subordinated to the claims of any Person (including, without limitation, any creditor of the Parent). 
 With
respect to its obligations hereunder, the Parent hereby expressly waives diligence, presentment, demand of payment, protest and all notices whatsoever, and any requirement that any Secured Party exhaust any right, power or remedy or proceed against
any Person under any of the Loan Documents, the Other Documents or any other agreement or instrument referred to therein or against any other Person under any other guarantee of, or security for, any of the Obligations. 

Section 12.3 Reinstatement 

The obligations of the Parent under this Article XII shall be automatically reinstated if and to the extent that for any reason any
payment by or on behalf of any Person in respect of the Obligations is rescinded or must be otherwise restored by any holder of any of the Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, and the
Parent agrees that it will indemnify in accordance with Section 11.4 

  
 -221- 

 
each Indemnitee on demand for all documented and reasonable costs and expenses (including, without limitation, the documented and reasonable fees, charges and disbursements of counsel) incurred
by such Indemnitee in connection with such rescission or restoration, including any such costs and expenses incurred in defending against any claim alleging that such payment constituted a preference, fraudulent transfer or similar payment under any
bankruptcy, insolvency or similar law. 
 Section 12.4 Certain Additional Waivers 

The Parent further agrees that it shall have no right of recourse to security for the Obligations until the Final Satisfaction Date. 

Section 12.5 Remedies 
 The
Parent agrees that, to the fullest extent permitted by law, as between the Parent, on the one hand, and the Secured Parties, on the other hand, the commitments hereunder may be terminated and the Obligations may be declared to be forthwith due and
payable as provided in Section 9.2 (and shall be deemed to have become automatically due and payable in the circumstances provided in said Section 9.2) for purposes of this Article XII
notwithstanding any stay, injunction or other prohibition preventing such declaration (or preventing the commitments hereunder from being terminated and the Obligations from becoming automatically due and payable) as against any other Person and
that, in the event of such declaration (or such commitments being deemed to have been terminated and the Obligations being deemed to have become automatically due and payable), the Obligations (whether or not due and payable by any other Person)
shall forthwith become due and payable by the Parent for purposes of Section 12.1. The Parent acknowledges and agrees that its obligations hereunder are secured in accordance with the terms hereof and of the Other Documents
and that the Secured Parties may exercise their remedies thereunder in accordance with the terms thereof. 
 Section 12.6 Guarantee of Payment;
Continuing Guarantee 
 The guarantee in this Article XII is a guaranty of payment and not of collection, is a continuing
guarantee, and shall apply to all Obligations whenever arising. 
 [Remainder of this page intentionally left blank] 

  
 -222- 

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

			
	 MCDERMOTT TECHNOLOGY (AMERICAS), INC.,

as Borrower

 

			
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	 MCDERMOTT TECHNOLOGY (US), INC.,
 as
Borrower

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	 MCDERMOTT TECHNOLOGY, B.V.,
 as
Borrower

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	 MCDERMOTT INTERNATIONAL, INC.,
 as
Parent

 
			
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [Signature Page –
Credit Agreement] 

 [Lender signature pages to come] 

  
 [Signature Page –
Credit Agreement] 

 EXHIBIT B 

[Attached] 

 ACT OF PARITY DEBTHOLDERS 

& ACT OF SECURED DEBTHOLDERS 
 Reference
is made to the Collateral Agency and Intercreditor Agreement dated as of May 10, 2018, by and among the McDermott Technology (Americas), Inc., a Delaware corporation, McDermott Technology (US), Inc., a Delaware corporation, and McDermott
Technology, B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (collectively the
“Borrowers”), McDermott International, Inc., a Panamanian corporation (the “Parent”), the other Subsidiaries of the Parent party thereto from time to time, Crédit Agricole Corporate and Investment Bank, not
in its individual capacity but solely as collateral agent for the Secured Parties (in such capacity, together with its successors and assigns in such capacity, the “Collateral Agent”), Crédit Agricole Corporate and Investment
Bank, as administrative agent for the Revolving Facility (as defined in the Credit Agreement) and the LC Facility (as defined in the Credit Agreement), Barclays Bank PLC, as administrative agent for the Term Facility (as defined in the Credit
Agreement), Lloyds Bank Corporate Markets plc, as Secured Debt Representative for the Lloyds Facility, and the other financial institutions from time to time party thereto as Secured Debt Representatives for other Series of Secured Debt as
designated on Schedule 1 thereto in accordance with Section 2.06 therein (“Collateral Agency and Intercreditor Agreement”). Terms defined in the Collateral Agency and Intercreditor Agreement shall have the same
meaning herein unless otherwise defined herein. 
 As of the Amendment No. 1 Effective Date (as defined in the Credit Agreement), pursuant to
Section 4.02 of the Collateral Agency and Intercreditor Agreement, the undersigned Secured Debt Representatives, which constitute the Required Parity Debtholders, direct the Senior Collateral Agent pursuant to this Act of Parity
Debtholders & Act of Secured Debtholders to enter into, consummate the transactions contemplated by, and take all other action necessary in connection with the Intercreditor Agreement dated on or about the date hereof (“Senior
Intercreditor Agreement”), by and among the Collateral Agent, Crédit Agricole Corporate and Investment Bank as collateral agent for the First Priority Secured Parties (as defined therein), the Borrowers, and the Parent, among others,
and attached as Exhibit A. 
 As of the Amendment No. 1 Effective Date (as defined in the Credit Agreement), pursuant to Section 9.01 of the
Collateral Agency and Intercreditor Agreement, the undersigned Secured Debt Representatives, which constitute the Required Secured Debtholders, direct the Senior Collateral Agent pursuant to this Act of Parity Debtholders & Act of Secured
Debtholders to enter into, consummate the transactions contemplated by, and take all other action necessary in connection with all amendments, modifications, or amendments and restatements to the Security Documents necessary or desirable to reflect
the terms of the Senior Intercreditor Agreement. 
 With respect to Credit Agreement Debt, (i) Barclays Bank PLC, as Secured Debt Representative for
the Term Facility (as defined in the Credit Agreement) confirms by its signature hereto in such capacity that it is voting at the direction of the Requisite Term Lenders (as defined in the Credit Agreement), and (ii) Crédit Agricole
Corporate and Investment Bank, as Secured Debt Representative for the Liquidity Lenders (as defined in the Credit Agreement), confirms by its signature hereto in such capacity that it is voting at the direction of the Requisite Revolving Lenders and
Requisite LC Lenders (as such terms are defined in the Credit Agreement). Barclays Bank PLC, as Secured Debt Representative for the Term Issuer Obligations, confirms by its signature hereto in such capacity that is voting at the direction of the
holder(s) of a majority in aggregate principal amount of all Term Issuer Obligations. 

 This Act of Parity Debtholders & Act of Secured Debtholders may be executed in any number of
counterparts, each of which when executed will be an original, and all of which, when taken together, will constitute one Act of Parity Debtholders & Act of Secured Debtholders. Delivery of an executed counterpart of a signature page of
this Act of Parity Debtholders & Act of Secured Debtholders by facsimile transmission or electronic transmission (in “pdf” or “tif” format) will be effective as delivery of a manually executed counterpart hereof. 

[Remainder of page intentionally left blank] 

 Executed as of the Amendment No. 1 Effective Date (as defined in the Credit Agreement). 

CRÉDIT AGRICOLE 
 CORPORATE AND INVESTMENT BANK,

 as Secured Debt Representative for the Liquidity Lenders 

(as defined in the Credit Agreement) 
  

			
	 By:
	 	  

		 	 Name:

		 	 Title:

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 [Signature Page - Act of Parity Debtholders] 

 BARCLAYS BANK PLC, 

as Secured Debt Representative for the Term Facility 
 and the
Term Issuer Obligations (as such terms are defined in the Credit Agreement) 
  

			
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page - Act of Parity Debtholders] 

 BARCLAYS BANK PLC, 

as Secured Debt Representative for a Series of Secured Debt 
  

			
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page - Act of Parity Debtholders] 

			
	LLOYDS BANK CORPORATE MARKETS PLC,

			
	 as Secured Debt Representative for the Lloyds
Facility

  

			
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page - Act of Parity Debtholders] 

 EXHIBIT A 

Execution Version 
  

 
 INTERCREDITOR AGREEMENT 

dated as of 
 October 21,
2019 
 among 
 MCDERMOTT
INTERNATIONAL, INC., 
 as Parent, 

MCDERMOTT TECHNOLOGY (AMERICAS), INC. 

MCDERMOTT TECHNOLOGY (US), INC. 

and 
 MCDERMOTT TECHNOLOGY, B.V.,

 as the Borrowers, 
 certain
Subsidiaries of Parent party hereto from time to time, 
 CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, 

as First Priority Agent 
 and 

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, 

as Second Priority Agent 
  

 
 THIS IS THE “SENIOR INTERCREDITOR
AGREEMENT” REFERRED TO IN THE FIRST PRIORITY DEBT AGREEMENT REFERRED TO HEREIN, AND THE “SENIOR INTERCREDITOR AGREEMENT” REFERRED TO IN THE CREDIT AGREEMENT, DATED AS OF MAY 10, 2018, AMONG THE BORROWERS, THE PARENT, THE LENDERS
AND ISSUERS PARTY THERETO FROM TIME TO TIME, AS LENDERS, CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, AS THE REVOLVING AND LC ADMINISTRATIVE AGENT AND BARCLAYS BANK PLC, AS THE TERM LOAN ADMINISTRATIVE AGENT 

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	2	 
			
	             Section 1.1
	 	Certain Defined Terms	  	 	2	 
	             Section 1.2
	 	Other Defined Terms	  	 	2	 
	             Section 1.3
	 	Terms Generally	  	 	8	 
		
	 ARTICLE II LIEN PRIORITIES
	  	 	8	 
			
	             Section 2.1
	 	Relative Priorities	  	 	8	 
	             Section 2.2
	 	Prohibition on Contesting Liens	  	 	9	 
	             Section 2.3
	 	No New Liens	  	 	9	 
	             Section 2.4
	 	Similar Collateral	  	 	9	 
		
	 ARTICLE III ENFORCEMENT OF RIGHTS; MATTERS RELATING TO COLLATERAL
	  	 	10	 
			
	             Section 3.1
	 	Exercise of Rights and Remedies; Option to Purchase	  	 	10	 
	             Section 3.2
	 	No Interference	  	 	11	 
	             Section 3.3
	 	Rights as Unsecured Creditors	  	 	13	 
	             Section 3.4
	 	[Reserved]	  	 	14	 
	             Section 3.5
	 	Insurance and Condemnation Awards	  	 	14	 
	             Section 3.6
	 	Notification of Release of Collateral	  	 	14	 
		
	 ARTICLE IV PAYMENTS
	  	 	14	 
			
	             Section 4.1
	 	Application of Proceeds	  	 	14	 
	             Section 4.2
	 	Payment Over	  	 	15	 
	             Section 4.3
	 	Certain Agreements with Respect to Unenforceable Liens	  	 	15	 
	             Section 4.4
	 	Sub-Agent	  	 	16	 
		
	 ARTICLE V BAILMENT FOR PERFECTION OF CERTAIN SECURITY INTERESTS
	  	 	16	 
		
	 ARTICLE VI INSOLVENCY OR LIQUIDATION PROCEEDINGS
	  	 	19	 
			
	             Section 6.1
	 	Finance and Sale Matters	  	 	19	 
	             Section 6.2
	 	Relief from the Automatic Stay	  	 	21	 
	             Section 6.3
	 	Reorganization Securities	  	 	21	 
	             Section 6.4
	 	Post-Petition Interest	  	 	21	 
	             Section 6.5
	 	No Waivers of Rights of First Priority Secured Parties	  	 	22	 
	             Section 6.6
	 	Certain Waivers by the Second Priority Secured Parties	  	 	22	 
	             Section 6.7
	 	Certain Voting Matters	  	 	22	 
	             Section 6.8
	 	Involuntary Bankruptcy Filing	  	 	23	 

  
 i 

							
	 	 	 	  	Page	 
	             Section 6.9
	 	Separate Grants of Security and Separate Classification; Effectiveness in Insolvency or Liquidation Proceedings	  	 	23	 
		
	 ARTICLE VII OTHER AGREEMENTS
	  	 	24	 
			
	             Section 7.1
	 	Matters Relating to Debt Documents	  	 	24	 
	             Section 7.2
	 	Effect of Refinancing of Indebtedness under First Priority Debt Documents	  	 	24	 
	             Section 7.3
	 	No Waiver by First Priority Secured Parties	  	 	25	 
	             Section 7.4
	 	Reinstatement	  	 	25	 
	             Section 7.5
	 	Authorization of Collateral Agents	  	 	26	 
	             Section 7.6
	 	Further Assurances	  	 	26	 
		
	 ARTICLE VIII REPRESENTATIONS AND WARRANTIES
	  	 	26	 
			
	             Section 8.1
	 	Representations and Warranties of Each Party	  	 	26	 
	             Section 8.2
	 	Representations and Warranties of Each Collateral Agent	  	 	26	 
		
	 ARTICLE IX NO RELIANCE; NO LIABILITY; OBLIGATIONS ABSOLUTE
	  	 	27	 
			
	             Section 9.1
	 	No Reliance; Information	  	 	27	 
	             Section 9.2
	 	No Warranties or Liability	  	 	27	 
	             Section 9.3
	 	Obligations Absolute	  	 	28	 
	             Section 9.4
	 	No Impairment of Security Interests	  	 	29	 
		
	 ARTICLE X MISCELLANEOUS
	  	 	29	 
			
	             Section 10.1
	 	Notices	  	 	29	 
	             Section 10.2
	 	Conflicts	  	 	29	 
	             Section 10.3
	 	Effectiveness; Survival; Termination	  	 	30	 
	             Section 10.4
	 	Severability	  	 	30	 
	             Section 10.5
	 	Amendments; Waivers	  	 	30	 
	             Section 10.6
	 	Postponement of Subrogation	  	 	30	 
	             Section 10.7
	 	Applicable Law; Jurisdiction; Consent to Service of Process	  	 	31	 
	             Section 10.8
	 	Waiver of Jury Trial	  	 	31	 
	             Section 10.9
	 	Parties in Interest	  	 	32	 
	
            Section 10.10
	 	Specific Performance	  	 	32	 
	
            Section 10.11
	 	Headings	  	 	32	 
	
            Section 10.12
	 	Counterparts	  	 	32	 
	
            Section 10.13
	 	Provisions Solely to Define Relative Rights	  	 	32	 

  
 ii 

 INTERCREDITOR AGREEMENT dated as of October 21, 2019 (this
“Agreement”), among MCDERMOTT INTERNATIONAL, INC., a Panamanian corporation (the “Parent”), MCDERMOTT TECHNOLOGY (AMERICAS), INC., MCDERMOTT TECHNOLOGY (US), INC. and MCDERMOTT TECHNOLOGY, B.V.
(collectively, the “Borrowers”), the Subsidiaries of the Parent party hereto from time to time, CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as collateral agent for the First Priority Secured Parties (as defined below) (in
such capacity and together with any successor or assigns, the “First Priority Agent”), and CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as collateral agent for the Second Priority Secured Parties (as defined below) (in such
capacity and together with any successor or assigns, the “Second Priority Agent”). 
 PRELIMINARY STATEMENT

 Reference is made to (a) the Superpriority Senior Secured Credit Agreement dated as of October 21, 2019 among the First
Priority Agent, Parent, Borrowers, and the other financial institutions from time to time party thereto (as amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof, the “First Priority
Debt Agreement”), (b) the Collateral Agency and Intercreditor Agreement dated as of May 10, 2018 among the Grantors (as defined therein), the Second Priority Agent, Barclays Bank PLC, Lloyds Bank PLC, as a Secured Debt
Representative, and the other financial institutions from time to time party thereto as other Secured Debt Representatives (as amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof, the
“Second Priority Debt Agreement” and, together with the First Priority Debt Agreement, the “Debt Agreements”), (c) the First Lien Pledge and Security Agreement dated as of October 21, 2019 (as
amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof, the “First Priority Security Agreement”) among the Parent, the Borrowers, certain of the Parent’s subsidiaries
and the First Priority Agent, (d) the Pledge and Security Agreement dated as of May 10, 2018 (as amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof, the “Second Priority
Security Agreement”) among the Parent, the Borrowers, certain of the Parent’s subsidiaries and the Second Priority Agent, (e) the other Collateral Documents as defined, and referred to, in the First Priority Debt Agreement and
(f) the other Security Documents as defined, and referred to, in the Second Priority Debt Agreement. 
 RECITALS 

A.    The First Priority Creditors (such term and each other capitalized term used but not defined in the preliminary
statement or these recitals having the meaning given to it in Article I) have agreed to make loans, other extensions of credit or other credit accommodations to the Borrowers or such other Grantors subject to the First Priority Debt Agreement
on the condition, among others, that the First Priority Claims shall be secured by first priority Liens on, and security interests in, the Collateral. 

B.    The Second Priority Creditors have agreed to make loans and other extensions of credit to, or otherwise purchase and
hold certain notes issued by, one or more of the Borrowers from time to time pursuant to the Second Priority Debt Agreement on the condition, among others, that the Second Priority Claims shall be secured by second priority Liens on, and security
interests in, the Collateral. 

 C.    The Debt Agreements require, among other things, that the parties
thereto set forth in this Agreement, among other things, their respective rights, obligations and remedies with respect to the Collateral. 

Accordingly, the parties hereto agree as follows: 

ARTICLE I 
 DEFINITIONS

 Section 1.1    Certain Defined Terms. Capitalized terms used in this Agreement and not
otherwise defined herein shall, except to the extent the context otherwise requires, have the meanings set forth in the First Priority Debt Agreement (as in effect on the date hereof) or the First Priority Security Agreement (as in effect on the
date hereof), as applicable. 
 Section 1.2    Other Defined Terms. As used in the Agreement, the
following terms shall have the meanings specified below: 
 “Bankruptcy Code” shall mean Title 11 of the United
States Code entitled “Bankruptcy,” as now and hereinafter in effect, or any successor statute. 
 “Bankruptcy
Law” shall mean the Bankruptcy Code and any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law. 

“Collateral” shall mean the First Priority Collateral and the Second Priority Collateral. 

“Collateral Agents” shall mean the First Priority Agent and the Second Priority Agent. 

“Debt Agreements” shall have the meaning assigned to such term in the preliminary statement of this Agreement. 

“Debt Documents” shall mean the First Priority Debt Documents and the Second Priority Debt Documents. 

“DIP Financing” shall have the meaning assigned to such term in Section 6.1(a). 

“DIP Financing Liens” shall have the meaning assigned to such term in Section 6.1(a). 

“Discharge of First Priority Claims” shall mean, subject to Sections 7.2 and 7.4, the occurrence of all
of the following: 
 (a)    termination or expiration of all commitments to extend credit or make such other credit
accommodations that would constitute First Priority Claims; 
 (b)    payment in full in cash of the principal of and
interest and premium on all First Priority Claims (other than any undrawn Letters of Credit but including interest accruing during the pendency of any Insolvency or Liquidation Proceeding, and premium due as a result or or upon the commencement of
any Insolvency or Liquidation Proceeding, in each case, regardless of whether allowed or allowable in such Insolvency or Liquidation Proceeding); 

  
 2 

 (c)    discharge or cash collateralization (at the lower of (i) 105% of
the aggregate undrawn amount and (ii) the percentage as may be agreed to by applicable issuer of such Letters of Credit) of all outstanding Letters of Credit constituting First Priority Claims on terms satisfactory to the applicable issuer of
such Letters of Credit; 
 (d)    payment of Hedging Obligations constituting First Priority Claims (and, with respect
to any particular Hedging Contract, termination of such position and agreements evidencing such position and payment in full in cash of all obligations thereunder or such other arrangements as have been made by the counterparty thereto and
communicated to the First Priority Agent); 
 (e)    payment of Treasury Management Obligations constituting First
Priority Claims (and, with respect to any particular Treasury Management Arrangement, termination of such agreement evidencing such payment in full in cash of all obligations thereunder or such other arrangements as have been made by the
counterparty thereto and communicated to the First Priority Agent; and 
 (f)    payment in full in cash of all other
First Priority Claims (other than contingent indemnification or expense reimbursement obligations as to which no claim has been made or notice given) that are outstanding and unpaid. 

“Disposition” shall mean any sale, lease, exchange, transfer or other disposition, and “Dispose”
shall have a correlative meaning. 
 “First Priority Agent” shall have the meaning assigned to such term in the
preamble to this Agreement. 
 “First Priority Claims” shall mean all “Obligations,” as defined in the
First Priority Debt Agreement, including any guarantees of the foregoing, in each case whether accrued or incurred before, upon or after the commencement of an Insolvency or Liquidation Proceeding, and whether or not allowed or allowable in such
proceeding. 
 “First Priority Collateral” shall mean all “Collateral,” as defined in the First Priority
Debt Agreement or any other First Priority Debt Document, other than the “Separate Collateral,” as defined in the Second Priority Debt Documents, and any other assets of any Grantor now or at any time hereafter subject to, or purported to
be subject to, Liens which secure, but only to the extent securing or purporting to secure, any First Priority Claim. 
 “First
Priority Creditors” means the Secured Parties (as defined in the First Priority Debt Agreement). 
 “First Priority
Debt Agreement” shall have the meaning assigned to such term in the preliminary statement of this Agreement. 

“First Priority Debt Documents” shall mean the “Loan Documents” as defined in the First Priority Debt
Agreement. 

  
 3 

 “First Priority Liens” shall mean all Liens on the First Priority
Collateral to the extent such Liens secure or purport to secure the First Priority Claims, whether created under the First Priority Security Documents or acquired by possession, statute (including any judgment lien), operation of law, subrogation or
otherwise. 
 “First Priority Mortgages” shall mean, collectively, each mortgage, deed of trust, leasehold mortgage,
assignment of leases and rents, modifications and any other agreement, document or instrument pursuant to which a Lien on real property or vessels, as applicable, is granted by any Grantor to secure any First Priority Claims or under which rights or
remedies with respect to any such Lien are governed. 
 “First Priority Secured Parties” shall mean, at any time,
(a) the First Priority Creditors, (b) the First Priority Agent, (c) each other Person to whom any of the First Priority Claims is owed, and (d) the successors and assigns of each of the foregoing. 

“First Priority Security Agreement” shall have the meaning assigned to such term in the preliminary statement of this
Agreement. 
 “First Priority Security Documents” shall mean the First Priority Mortgages, the First Priority
Security Agreement and any other agreement, document or instrument pursuant to which a Lien is granted by any Grantor to secure any First Priority Claims or under which rights or remedies with respect to any such Lien are governed (including,
without limitation, the other “Collateral Documents” as defined in the First Priority Debt Agreement). 

“Grantors” shall mean the Parent and each Subsidiary that shall have created or purported to create any First Priority
Lien or Second Priority Lien on all or any part of its assets to secure any First Priority Claims or any Second Priority Claims. 

“Guarantors” shall mean, collectively, the Parent and each Subsidiary or other Person that shall have guaranteed any
First Priority Claims or any Second Priority Claims, whether by executing and delivering the applicable Debt Agreement, or a separate guaranty thereof, or a supplement thereto, or otherwise. 

“Hedging Obligations” of any Person shall mean any Hedging Contract (as defined in the First Priority Debt Agreement
and Second Priority Credit Agreement, as applicable) that is (i) in effect on the Effective Date (as defined in the First Priority Debt Agreement or Second Priority Credit Agreement, as applicable) with a counterparty that is an Administrative
Agent, a Liquidity Lender, Revolving Lender, Lender or any Affiliate (as each term is defined in the First Priority Debt Agreement or Second Priority Credit Agreement, as applicable) of any of the foregoing (including any Hedging Contract assigned
or transferred to a Revolving Lender, Lender or an Affiliate of a Revolving Lender or Lender, as applicable, (by novation or otherwise) prior to or as of the Effective Date) or (ii) entered into after the Effective Date with a counterparty that
was, at the time such Hedging Contract was entered into, an Administrative Agent, a Liquidity Lender, Revolving Lender, Lender or any Affiliate of any of the foregoing. 

“Indebtedness” shall mean and include all obligations that constitute (i) “Indebtedness” as defined in the
First Priority Debt Agreement and (ii) “Indebtedness” as defined in the Second Priority Credit Agreement. 

  
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 “Insolvency or Liquidation Proceeding” shall mean (a) any
voluntary or involuntary proceeding under the Bankruptcy Code or any other Bankruptcy Law with respect to any Grantor, (b) any voluntary or involuntary appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official
for any Grantor or for a substantial part of the property or assets of any Grantor, (c) any voluntary or involuntary winding-up or liquidation of any Grantor, or (d) a general assignment for the
benefit of creditors by any Grantor. 
 “Letters of Credit” means each “Letter of Credit” as defined in
the First Priority Debt Agreement. 
 “Lien” means any mortgage, deed of trust, pledge, hypothecation, collateral
assignment, charge, deposit arrangement, encumbrance, lien (statutory or other), security interest or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever intended to assure payment of any
Indebtedness or the performance of any other obligation, including any conditional sale or other title retention agreement, the interest of a lessor under a Capital Lease (as defined in the First Priority Debt Agreement or Second Priority Credit
Agreement, as applicable) and any financing lease having substantially the same economic effect as any of the foregoing. 

“Liquidation Sale” shall mean a so-called bulk sale, liquidation sale or
“going out of business sale” conducted either by any Secured Party or a Grantor in respect to all or a substantial portion of such Grantor’s Collateral following the occurrence and during the continuance of an Event of Default under,
and as defined in, either the First Priority Debt Documents or Second Priority Debt Documents. 
 “New First Priority
Agent” shall have the meaning assigned to such term in Section 7.2. 
 “New First Priority
Claims” shall have the meaning assigned to such term in Section 7.2. 
 “New First
Priority Debt Documents” shall have the meaning assigned to such term in Section 7.1. 

“Obligations” means any principal, interest, penalties, fees, indemnification, reimbursements, costs, expenses,
damages and other liabilities payable under the documentation governing any Indebtedness or other extension of credit or similar accommodation. 

“Parent” shall have the meaning assigned to such term in the preliminary statement to this Agreement. 

“Person” means any individual, corporation, partnership, limited liability company, joint venture, incorporated or
unincorporated association, joint-stock company, trust, mutual fund trust or government or other agency or political subdivision thereof or other legal entity of any kind. 

“Pledged or Controlled Collateral” shall have the meaning assigned to such term in Article V. 

“Refinance” shall mean, in respect of any Indebtedness, to refinance, extend, renew, restructure (including by the
amendment and restatement of any instrument or agreement 

  
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evidencing such Indebtedness) or replace or to issue other Indebtedness in exchange or replacement for, such Indebtedness, in whole or in part, whether with the same or different lenders,
holders, agents, or other representatives. 
 “Refinanced” and “Refinancing” shall have
correlative meanings. 
 “Refinancing Notice” shall have the meaning assigned to such term in
Section 7.2. 
 “Second Priority Agent” shall have the meaning assigned to such term in
the preliminary statement of this Agreement. 
 “Second Priority Claims” shall mean all “Parity Secured
Obligations” as defined in the Second Priority Debt Agreement (including all reimbursement obligations (if any) and interest thereon with respect to any “Liquidity Letters of Credit” as defined in the Second Priority Credit Agreement
or similar instruments issued pursuant to the Second Priority Debt Documents), including any guarantees of the foregoing, in each case whether accrued or incurred before or after the commencement of an Insolvency or Liquidation Proceeding, and
whether or not allowed or allowable in such proceeding. 
 “Second Priority Collateral” shall mean the “Shared
Collateral,” as defined in any Second Priority Debt Document, and any other assets of any Grantor now or at any time hereafter subject to, or purported to be subject to, Liens which secure, but only to the extent securing, or purporting to
secure, any Second Priority Claims. 
 “Second Priority Creditors” shall mean the “Secured Parties,” as
defined in the Second Priority Debt Agreement. 
 “Second Priority Credit Agreement” shall mean the Credit Agreement
referred to in the Second Priority Debt Agreement. 
 “Second Priority Debt Agreement” shall have the meaning
assigned to such term in the preliminary statement of this Agreement. 
 “Second Priority Debt Documents” shall mean
the “Secured Debt Documents,” as defined in the Second Priority Debt Agreement. 
 “Second Priority Liens”
shall mean all Liens on the Second Priority Collateral to the extent such Liens secure or purport to secure the Second Priority Claims, whether created under the Second Priority Security Documents or acquired by possession, statute (including any
judgment lien), operation of law, subrogation or otherwise. 
 “Second Priority Mortgages” shall mean, collectively,
each mortgage, deed of trust, leasehold mortgage, assignment of leases and rents, modifications and any other agreement, document or instrument pursuant to which any Lien on real property or vessels, as applicable, is granted by any Grantor to
secure any Second Priority Claims or under which rights or remedies with respect to any such Lien are governed. 

  
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 “Second Priority Permitted Actions” shall have the meaning assigned
to such term in Section 3.1(a). 
 “Second Priority Representative” shall mean the trustee, agent or
representative of the Second Priority Secured Parties who is designated as “Second Priority Representative” in respect thereof. 

“Second Priority Secured Parties” shall mean, at any time (other than in their capacity as a First Priority Creditor
or First Priority Agent) (a) the Second Priority Creditors, (b) the Second Priority Agent, (c) each other Person to whom any of the Second Priority Claims is owed and has agreed to the appointment of the Second Priority Agent under
the terms of the Second Priority Debt Agreement, and (d) the successors and assigns of each of the foregoing. 
 “Second
Priority Security Agreement” shall have the meaning assigned to such term in the preliminary statement of this Agreement. 

“Second Priority Security Documents” shall mean the “Security Documents,” as defined in the Second Priority
Debt Agreement, including the Second Priority Mortgages and the Second Priority Security Agreement, and any other agreement, document or instrument pursuant to which a Lien is granted by any Grantor to secure any Second Priority Claims or under
which rights or remedies with respect to any such Lien are governed. 
 “Secured Parties” shall mean, as the context
may require, the First Priority Secured Parties and/or the Second Priority Secured Parties. 
 “Security Documents”
shall mean the First Priority Security Documents and the Second Priority Security Documents. 
 “Standstill Period”
shall have the meaning assigned to such term in Section 3.2(a). 
 “Subsidiary” means,
with respect to any Person, 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 “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Parent. 

“Treasury Management Arrangement” means any arrangement for credit card, cash management, clearing house, wire
transfer, depository, treasury or investment services in connection with any transfer or disbursement of funds through an automated clearinghouse or on a same day or immediate or accelerated availability basis (including all monetary obligations,
including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise of the Parent or any of its Subsidiaries arising out of any cash management, clearing house, wire transfer, depository, treasury or
investment services) provided to the Parent or any of its Subsidiaries. The designation of any such arrangement as a Treasury Management Arrangement shall not create in favor of the counterparty that is a party thereto any rights in connection with
the management, enforcement or release of any Collateral. 

  
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 “Treasury Management Obligations” shall mean all Obligations in
respect of Treasury Management Arrangements. 
 “Uniform Commercial Code” or “UCC” shall
mean the Uniform Commercial Code (or any similar or equivalent legislation) as in effect from time to time in any applicable jurisdiction. 

Section 1.3    Terms Generally. The definitions of terms herein shall apply equally to the singular and
plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to
be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference
to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, supplemented or otherwise modified, (b) any reference herein
(i) to any Person shall be construed to include such Person’s successors and assigns and (ii) to any Company or any other Grantor shall be construed to include such Company or such Grantor as debtor and
debtor-in-possession and any receiver or trustee for such Company or any other Grantor, as the case may be, in any Insolvency or Liquidation Proceeding or Liquidation
Sale, (c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references
herein to Articles or Sections shall be construed to refer to Articles or Sections of this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all
tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 
 ARTICLE II 

LIEN PRIORITIES 

Section 2.1    Relative Priorities. Notwithstanding the date, manner or order of grant, attachment or
perfection of any Second Priority Lien or any First Priority Lien, and notwithstanding any provision of the UCC or any other applicable law or the provisions of any Security Document or any other Debt Document or any other circumstance whatsoever,
each Collateral Agent, for itself and on behalf of the Secured Parties on whose behalf it acts in such capacity therefor, hereby agrees that, so long as the Discharge of First Priority Claims has not occurred, (i) any First Priority Lien on any
Collateral now or hereafter held by or for the benefit of any First Priority Secured Party shall be senior in right, priority, operation, effect and all other respects to any and all Second Priority Liens on any Collateral, and (ii) any Second
Priority Lien on any Collateral now or hereafter held by or for the benefit of any Second Priority Secured Party shall be junior and subordinate in right, priority, operation, effect and all other respects to any and all First Priority Liens on any
Collateral, and the First Priority Liens on any Collateral shall be and remain senior in right, priority, operation, effect and all other respects to any Second Priority Liens on any Collateral for all purposes, whether or not any First Priority
Lien is subordinated in any respect to any other Lien securing any other Obligation of any Company, any other Grantor or any other Person. 

  
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 Section 2.2    Prohibition on Contesting Liens. Each
Collateral Agent, for itself and on behalf of the other Secured Parties on whose behalf it acts in such capacity therefor, agrees that it will not, and hereby waives any right to, contest or support any other Person in contesting, in any proceeding
(including any Insolvency or Liquidation Proceeding), the priority, validity or enforceability of any Second Priority Lien or any First Priority Lien, as the case may be; provided that nothing in this Agreement shall be construed to prevent
or impair the rights of any Collateral Agent or any other Secured Party to enforce this Agreement to the extent provided hereby. 

Section 2.3    No New Liens. (a) The parties hereto agree that, so long as the Discharge of First
Priority Claims has not occurred, none of the Grantors shall, nor shall any Grantor permit any of its Subsidiaries to, after the date of this Agreement (i) grant or permit any additional Liens on any asset of a Grantor to secure any Second
Priority Claim unless it has granted, or concurrently therewith grants, a Lien on such asset of such Grantor to secure the First Priority Claims or (ii) grant or permit any additional Liens on any asset of a Grantor to secure any First Priority
Claims unless, to the extent permitted by applicable law, it has granted, or within one Business Day thereafter grants, a Lien on such asset of a Grantor to secure the Second Priority Claims, with each such Lien to be subject to the provisions of
this Agreement. 
 (b)    To the extent that the provisions of the immediately preceding sentence are not complied with
for any reason, without limiting any other right or remedy available to the First Priority Agent or the other First Priority Secured Parties, the Second Priority Agent agrees, for itself and on behalf of the other Second Priority Secured Parties,
that any amounts received by or distributed to any Second Priority Secured Party pursuant to or as a result of any Lien granted in contravention of this Section 2.3 shall be subject to Section 4.2.

 (c)    Notwithstanding anything to the contrary contained in this Agreement, (i) the Second Priority Liens
existing on the date of this Agreement on Collateral as to which there is no First Priority Lien required shall be deemed not to violate this Section 2.3; (ii) deposit accounts, securities accounts, cash, cash equivalents and other investments
may be pledged to secure reimbursement obligations in respect of Letters of Credit or Liquidity Letters of Credit (as defined in the Second Priority Credit Agreement) without granting a Lien thereon to secure any Second Priority Claim or First
Priority Claim, respectively; and (iii) deposit accounts, securities accounts, cash, cash equivalents and other investments may be pledged to secure reimbursement obligations in respect of letters of credit issued under the Lloyds Facility.

 Section 2.4    Similar Collateral. Subject to Section 2.3(b) and except
for the Second Priority Liens existing on the date of this Agreement on Collateral as to which there is no First Priority Lien required, the parties hereto acknowledge and agree that it is their intention that the First Priority Collateral and the
Second Priority Collateral be substantially identical. In furtherance of the foregoing, (i) the Second Priority Agent, on behalf of itself and the other Second Priority Secured Parties hereby agrees that Second Priority Security Documents shall
be in substantially the same form as the First Priority Security Documents (other than with respect to the priority of the respective Liens on the Collateral, the control of Collateral that is perfected by control (to the extent that such control
cannot be granted to the Second Priority Agent after using commercially reasonably efforts) and the delivery of possessory Collateral), and (ii) the parties hereto agree to cooperate in good faith in order to determine, upon any reasonable
request by the First Priority Agent or the Second Priority Agent, the specific assets included in the First Priority Collateral and 

  
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the Second Priority Collateral, the steps taken to perfect the First Priority Liens and the Second Priority Liens thereon and the identity of the respective parties obligated under the First
Priority Debt Documents and the Second Priority Debt Documents in respect of the First Priority Claims and the Second Priority Claims, respectively. 

ARTICLE III 
 ENFORCEMENT
OF RIGHTS; MATTERS RELATING TO COLLATERAL 
 Section 3.1    Exercise of Rights and Remedies; Option to
Purchase. 
 (a)    The First Priority Agent and the other First Priority Secured Parties shall, at all times
prior to the Discharge of First Priority Claims (whether or not any Insolvency or Liquidation Proceeding or Liquidation Sale has been commenced), have the exclusive right to enforce rights and exercise remedies (including any right of setoff) with
respect to the First Priority Collateral (including making determinations regarding the release, Disposition or restrictions with respect to the First Priority Collateral), or to commence or seek to commence any action or proceeding with respect to
such rights or remedies (including commencing or seeking to commence any foreclosure action or proceeding or commencing or seeking to commence any Insolvency or Liquidation Proceeding or Liquidation Sale), in each case, without any consultation with
or the consent of the Second Priority Agent or any other Second Priority Secured Party; provided that, notwithstanding the foregoing, (i) in any Insolvency or Liquidation Proceeding, the Second Priority Secured Parties may file a proof
of claim or statement of interest with respect to the Second Priority Claims; (ii) any Second Priority Secured Party may take any action to preserve or protect (but not enforce) the validity and enforceability of the Second Priority Liens,
provided that no such action is (A) adverse to the First Priority Liens or the rights of the First Priority Agent or any other First Priority Secured Party to exercise remedies in respect thereof or (B) inconsistent with the terms
of this Agreement; (iii) the Second Priority Secured Parties may file any responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleading made by any Person objecting to or otherwise seeking the
disallowance of the claims of the Second Priority Secured Parties, including any claims secured by the First Priority Collateral or otherwise make any agreements or file any motions pertaining to the Second Priority Claims, in each case, to the
extent not inconsistent with the terms of this Agreement; (iv) the Second Priority Secured Parties may exercise rights and remedies as unsecured creditors, as provided in Section 3.3; (v) subject to
Section 7.6, the Second Priority Secured Parties may vote on any plan of reorganization in any Insolvency or Liquidation Proceeding; (vi) the Second Priority Agent may enforce any Second Priority Security Document the
enforcement of which local counsel recommends or local applicable law requires before enforcement of the First Priority Security Document in the same jurisdiction to maintain or recognize the Lien priorities set forth in this Agreement; and
(vii) subject to Section 3.2, the Second Priority Agent and the other Second Priority Secured Parties may enforce any of their rights and exercise any of their remedies with respect to the First Priority Collateral
after the termination of the Standstill Period (the actions described in this proviso being referred to herein as the “Second Priority Permitted Actions”). Except for the Second Priority Permitted Actions, unless and until
the Discharge of First Priority Claims has occurred, the sole right of the Second Priority Agent and the other Second Priority Secured Parties with respect to the First Priority Collateral shall be the right to receive the proceeds of the First
Priority Collateral, if any, remaining after the Discharge of First Priority Claims has occurred and in accordance with the Second Priority Debt Documents and applicable law. 

  
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 (b)    In exercising rights and remedies with respect to the First
Priority Collateral, the First Priority Agent and the other First Priority Secured Parties may enforce the provisions of the First Priority Debt Documents and exercise remedies thereunder, all in such order and in such manner as they may determine
in their sole discretion. Such exercise and enforcement shall include the rights of an agent appointed by them to Dispose of Collateral upon foreclosure, to incur expenses in connection with any such Disposition and to exercise all the rights and
remedies of a secured creditor under applicable law. 
 (c)    The Second Priority Agent, for itself and on behalf of
the other Second Priority Secured Parties, hereby acknowledges and agrees that no covenant, agreement or restriction contained in any Second Priority Security Document or any other Second Priority Debt Document (other than, in each case, this
Agreement) shall be deemed to restrict in any way the rights and remedies of the First Priority Agent or the other First Priority Secured Parties with respect to the First Priority Collateral as set forth in this Agreement and the other First
Priority Debt Documents. 
 (d)    Each of the First Priority Agent and the Second Priority Agent agrees to provide at
least ten (10) Business Days’ prior written notice to the other of its intention to foreclose upon or Dispose of any Collateral. 

Section 3.2    No Interference. The Second Priority Agent, for itself and on behalf of the other Second
Priority Secured Parties, agrees that, whether or not any Insolvency or Liquidation Proceeding or Liquidation Sale has been commenced, the Second Priority Secured Parties: 

(a)    except for Second Priority Permitted Actions, will not, so long as the Discharge of First Priority Claims has not
occurred, (A) enforce or exercise, or seek to enforce or exercise, any rights or remedies (including any right of setoff) with respect to any First Priority Collateral (including the enforcement of any right under any account control agreement,
landlord waiver or bailee’s letter or any similar agreement or arrangement to which the Second Priority Agent or any other Second Priority Secured Party is a party) or (B) commence or join with any Person (other than the First Priority
Agent with the consent of the First Priority Agent) in commencing, or petition for or vote in favor of any resolution for, any action or proceeding with respect to such rights or remedies (including any foreclosure action); provided, however,
that the Second Priority Agent may enforce or exercise any or all such rights and remedies, or commence, join with any Person in commencing, or petition for or vote in favor of any resolution for, any such action or proceeding, after a period of 180
days has elapsed (which period shall be tolled during any period in which the First Priority Agent shall not be entitled to enforce or exercise any rights or remedies with respect to any First Priority Collateral as a result of (x) any
injunction issued by a court of competent jurisdiction or (y) the automatic stay or any other stay in any Insolvency or Liquidation Proceeding) since the date on which the Second Priority Agent has delivered to the First Priority Agent written
notice of the acceleration of the Indebtedness then outstanding under the Second Priority Debt Agreement (the “Standstill Period”); provided further, however, that (1) notwithstanding the expiration of the
Standstill Period or anything herein to the contrary, in no event shall the Second Priority Agent or any other Second Priority Secured Party enforce or exercise any rights or remedies with respect to any First Priority Collateral, or commence, join
with any Person at any time in commencing, or petition for or vote in favor of any resolution for, any such action or proceeding, if the First Priority Agent or any other First Priority Secured Party

  
 11 

 
shall have commenced, and shall be diligently pursuing (or shall have sought or requested relief from or modification of the automatic stay or any other stay in any Insolvency or Liquidation
Proceeding to enable the commencement and pursuit thereof), the enforcement or exercise of any rights or remedies with respect to any material portion of the First Priority Collateral or any such action or proceeding (prompt written notice thereof
to be given to the Second Priority Agent by the First Priority Agent) and (2) after the expiration of the Standstill Period, so long as neither the First Priority Agent nor any of the First Priority Secured Parties have commenced any action to
enforce their Lien on any material portion of the First Priority Collateral, in the event that and for so long as the Second Priority Secured Parties (or the Second Priority Agent on their behalf) have commenced any actions to enforce their Liens
with respect to any material portion of the First Priority Collateral to the extent permitted hereunder (prompt written notice thereof to be given to the First Priority Agent by the Second Priority Agent) and are diligently pursuing such actions,
neither the First Priority Secured Parties nor the First Priority Agent shall take any action of a similar nature with respect to such First Priority Collateral; provided that all other provisions of this Agreement (including the turnover
provisions of Article IV) are complied with; 
 (b)    will not contest, protest or object to any foreclosure
action or proceeding brought by the First Priority Agent or any other First Priority Secured Party, or any other enforcement or exercise by any First Priority Secured Party of any rights or remedies relating to the Collateral under the First
Priority Debt Documents or an Insolvency or Liquidation Proceeding or in connection with a Liquidation Sale or otherwise, so long as Second Priority Liens attach to the proceeds thereof subject to the relative priorities set forth in
Section 2.1; 
 (c)    will not object to the forbearance by the First Priority Agent or any
other First Priority Secured Party from commencing or pursuing any foreclosure action or proceeding or any other enforcement or exercise of any rights or remedies with respect to the Collateral; 

(d)    will not take, or cause to be taken any action that would, or could reasonably be expected to, restrain, hinder,
limit, delay or otherwise interfere with, in any manner and whether by judicial proceedings or otherwise, any exercise of remedies under the First Priority Debt Documents, including any Disposition of any Collateral, whether by foreclosure or
otherwise; 
 (e)    will not object to the manner in which the First Priority Agent or any other First Priority Secured
Party may seek to enforce or collect the First Priority Claims or the First Priority Liens, regardless of whether any action or failure to act by or on behalf of the First Priority Agent or any other First Priority Secured Party is, or could be,
adverse to the interests of the Second Priority Secured Parties, and will not assert, and hereby waive, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or claim the benefit of any marshalling,
appraisal, valuation or other similar right that may be available under applicable law with respect to the Collateral or any similar rights a junior secured creditor may have under applicable law; 

(f)    will not attempt, directly or indirectly, whether by judicial proceeding or otherwise, to challenge or question the
validity or enforceability of any First Priority Claim or any First Priority Security Document, including this Agreement, or the validity or enforceability of the priorities, rights or obligations established by this Agreement; 

  
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 (g)    will not take or cause to be taken any action the purpose or
effect of which is, or could be, to make any Lien securing the Second Priority Claims pari passu with, or to give such Second Priority Secured Party any preference or priority relative to, any First Priority Claim with respect to the
Collateral or any part thereof; 
 (h)    will not challenge or question in any proceeding the validity or
enforceability of any First Priority Claim or First Priority Debt Document, or the validity, attachment, perfection or priority of any First Priority Lien, or the validity or enforceability of the priorities, rights or duties established by the
provisions of this Agreement; 
 (i)    will have no right to (A) direct the First Priority Agent or any other
First Priority Secured Party to exercise any right, remedy or power with respect to any Collateral except with respect to First Priority Collateral that is in the possession or under the control of the First Priority Agent or other First Priority
Secured Party in connection with any permitted enforcement or exercise of rights or remedies by the Second Priority Agent or any other Second Priority Secured Party against the First Priority Collateral after the end of the Standstill Period
(including any tolling thereof) or (B) consent to the exercise by the First Priority Agent or any other First Priority Secured Party of any right, remedy or power with respect to any First Priority Collateral; and 

(j)    will not institute any suit or assert in any suit or Insolvency or Liquidation Proceeding any claim against the
First Priority Agent or any other First Priority Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise with respect to, and neither the First Priority Agent nor any other First Priority Secured
Party shall be liable for, any action taken or omitted to be taken by the First Priority Agent or other First Priority Secured Party with respect to any Collateral in a manner consistent with this Agreement. 

Section 3.3    Rights as Unsecured Creditors. The Second Priority Agent and the other Second Priority
Secured Parties may, in accordance with the terms of the Second Priority Debt Documents and applicable law, enforce rights and exercise remedies against any Grantor as unsecured creditors; provided that (i) no such action is otherwise
inconsistent with the terms of this Agreement, including Section 3.2 hereof or (ii) the Second Priority Agent and any other Second Priority Secured Parties would not otherwise be restricted or prohibited from taking such action in their
respective capacities as Second Priority Secured Parties under this Agreement. Without limiting the generality of the foregoing sentence, the Second Priority Secured Parties shall be entitled to prosecute litigation against any Grantor or any other
Person liable in respect of the Second Priority Claims, notwithstanding whether any Standstill Period is then in effect, but shall be prohibited from taking any action to enforce any judgment against the First Priority Collateral until the lapse of
any applicable Standstill Period (including any tolling thereof). Nothing in this Agreement shall prohibit the receipt by the Second Priority Agent or any other Second Priority Secured Party of the required payments of principal, premium, interest,
fees and other amounts due under the Second Priority Debt Documents so long as such receipt is not the direct or indirect result of the enforcement or exercise by the Second Priority Agent or any other Second Priority Secured Party of rights or
remedies in contravention of this Agreement (including any right of setoff) against Collateral or enforcement in contravention of this Agreement of any Second Priority Lien against Collateral (including any judgment lien resulting from the exercise
of remedies available to an unsecured creditor; it being understood and agreed that any such judgment lien shall be subject to the terms of this Agreement). 

  
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 Section 3.4    [Reserved]. 

Section 3.5    Insurance and Condemnation Awards. So long as the Discharge of First Priority Claims has
not occurred, the First Priority Agent and the other First Priority Secured Parties shall have the exclusive right, subject to the rights of the Grantors under the First Priority Debt Documents, to settle and adjust claims in respect of Collateral
under policies of insurance covering Collateral and to approve any award granted in any condemnation or similar proceeding, or any deed in lieu of condemnation, in respect of the Collateral. All proceeds of any such policy and any such award, or any
payments with respect to a deed in lieu of condemnation, shall (a) first, prior to the Discharge of First Priority Claims and subject to the rights of the Grantors under the First Priority Debt Documents, be paid to the First Priority Agent for
the benefit of First Priority Secured Parties pursuant to the terms of the First Priority Debt Documents, (b) second, after the Discharge of First Priority Claims and subject to the rights of the Grantors under the Second Priority Debt
Documents, be paid to the Second Priority Agent for the benefit of the Second Priority Secured Parties for application pursuant to the terms of the Second Priority Debt Documents, and (c) third, be paid to the owner of the subject property or
as a court of competent jurisdiction may otherwise direct. Until the Discharge of First Priority Claims has occurred, if the Second Priority Agent or any other Second Priority Secured Party shall, at any time, receive any proceeds of any such
insurance policy or any such award or payment, it shall transfer and pay over such proceeds to the First Priority Agent in accordance with Section 4.2. 

Section 3.6    Notification of Release of Collateral. Each of the First Priority Agent and the Second
Priority Agent shall use commercially reasonable efforts to give the other prompt written notice of the Disposition or Release by it of the Lien on any Collateral. Such notice shall describe in reasonable detail the subject Collateral, the parties
involved in such Disposition or Release, the place, time manner and method thereof, and the consideration, if any, received therefor; provided, however, that the failure to give any such notice shall not in and of itself in any way impair the
effectiveness of any such Disposition or Release. 
 ARTICLE IV 

PAYMENTS 

Section 4.1    Application of Proceeds. (a) Any First Priority Collateral or proceeds thereof
received by any Secured Party in connection with any Disposition of, or collection on, such Collateral upon the enforcement or exercise of any right or remedy (including any right of setoff or the release of liens in respect of any Disposition of
First Priority Collateral) will be applied as follows: 
 first, to the payment of costs and expenses of the First Priority Agent,
Second Priority Agent, and other Secured Parties in connection with such enforcement or exercise to the extent such enforcement or exercise is not prohibited under this Agreement, 

second, after all such costs and expenses have been paid in full in cash, to the payment in full in cash of and other provision
(including cash collateralization) for the First Priority Claims in accordance with the First Priority Debt Documents and the definition of Discharge of First Priority Obligations; and 

  
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 third, after all such costs and expenses and First Priority Claims have been paid in
full in cash and the Discharge of First Priority Claims has occurred, to the Second Priority Agent for distribution in accordance with the Second Priority Debt Documents. 

(b)    Any Second Priority Collateral that is not First Priority Collateral or proceeds thereof received by any Secured
Party in connection with any Disposition of, or collection on, such Collateral upon the enforcement or exercise of any right or remedy (including any right of setoff or the release of liens in respect of any Disposition of First Priority Collateral)
will be applied as set forth in the Second Priority Debt Documents. 
 Section 4.2    Payment Over.
So long as the Discharge of First Priority Claims has not occurred, any First Priority Collateral or any proceeds thereof (and any assets or proceeds subject to Liens referred to in Section 2.3(b)) received by the Second
Priority Agent or any other Second Priority Secured Party, including in connection with any Disposition of, or collection on, such Collateral upon the enforcement or the exercise of any right or remedy (including any right of setoff) with respect to
the First Priority Collateral, or in connection with any insurance policy claim or any condemnation award (or deed in lieu of condemnation) with respect to the First Priority Collateral, shall be segregated and held in trust and forthwith
transferred or paid over to the First Priority Agent for the benefit of the First Priority Secured Parties in the same form as received, together with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. Until
the Discharge of First Priority Claims occurs, the Second Priority Agent, for itself and on behalf of each other Second Priority Secured Party, hereby appoints the First Priority Agent, and any officer or agent of the First Priority Agent, with full
power of substitution, the attorney-in-fact of each Second Priority Secured Party for the purpose of carrying out the provisions of this
Section 4.2 and taking any action and executing any instrument that the First Priority Agent may deem necessary or advisable to accomplish the purposes of this Section 4.2, which appointment is
irrevocable and coupled with an interest. 
 Section 4.3    Certain Agreements with Respect to Unenforceable
Liens. Notwithstanding anything to the contrary contained herein, if in any Insolvency or Liquidation Proceeding a determination is made that any Lien encumbering any First Priority Collateral is not enforceable for any reason, then the
Second Priority Agent for itself and on behalf of each other Second Priority Secured Party agrees that, any distribution or recovery they may receive with respect to, or allocable to, the value of the assets constituting First Priority Collateral
subject to an enforceable Lien in favor of the Second Priority Secured Parties or any proceeds thereof shall (for so long as the Discharge of First Priority Claims has not occurred) be segregated and held in trust and forthwith paid over to the
First Priority Agent for the benefit of the First Priority Secured Parties in the same form as received but with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. Until the Discharge of First Priority Claims
occurs, the Second Priority Agent, for itself and on behalf of each other Second Priority Secured Party, hereby appoints the First Priority Agent, and any officer or agent of the First Priority Agent, with full power of substitution, the attorney-in-fact of each Second Priority Secured Party for the limited purpose of carrying out the provisions of this Section 4.2 and taking any
action and executing any instrument that the First Priority Agent may deem necessary or advisable to accomplish the purposes of this Section 4.2, which appointment is irrevocable and coupled with an interest. 

  
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Section 4.4    Sub-Agent. So long as the
Discharge of the First Priority Claims and the Discharge of the Second Priority Claims have not occurred, (a) the Second Priority Agent hereby appoints the First Priority Agent to be its sub-agent for,
and the First Priority Agent shall act as sub-agent for the Second Priority Agent under any Security Documents naming the First Priority Agent as sub-agent for the
Second Priority Agent to hold a Second Priority Lien on any Collateral in which this Agreement or any applicable law prevents the grant or perfection of such Second Priority Lien to the Second Priority Agent and (b) the First Priority Agent
hereby appoints the Second Priority Agent to be its sub-agent, and the Second Priority Agent shall act as sub-agent for the First Priority Agent for the First Priority
Agent, for any enforcement of a Second Priority Security Document for which local counsel recommends or local applicable law requires before enforcement of the First Priority Security Documents in the same jurisdiction to maintain or recognize the
Lien priorities set forth in this Agreement. Without limiting the foregoing, the First Priority Agent shall have no obligation or responsibility to ensure that any Collateral subject to the Second Priority Lien is genuine or owned by any of the
Grantors. The First Priority Agent acting pursuant to this Section 4.4 shall not, by reason of this Agreement, any other Security Document or any other document, have a fiduciary relationship in respect of the Second
Priority Agent or any other Second Priority Secured Party. 
 ARTICLE V 

BAILMENT FOR PERFECTION OF CERTAIN SECURITY INTERESTS 

(a)    The parties agree that if the First Priority Agent shall at any time hold a First Priority Lien on any Collateral
that can be perfected or the priority of which can be enhanced by the possession or control of such Collateral or of any account in which such Collateral is held (such Collateral being referred to herein as the “Pledged or Controlled
Collateral”) or if under applicable local law with respect to Collateral as to which perfection is governed by the laws of a jurisdiction outside the United States the concept of first and second liens or junior and senior liens is not
recognized (“Single Lien Foreign Collateral”), and 
 (i)    if any such Pledged
or Controlled Collateral is in fact in the possession or under the control of the First Priority Agent, or of agents or bailees of the First Priority Agent, the First Priority Agent shall, solely for the purpose of perfecting the Second Priority
Liens granted under the Second Priority Debt Documents and subject to the terms and conditions of this Article V, also (w) hold and/or maintain control of such Pledged or Controlled Collateral and Single Lien Foreign Collateral as
gratuitous bailee for and representative (as defined in Section 1-201(35) of the Uniform Commercial Code as in effect in the State of New York) of the Second Priority Agent, (x) with respect to any
securities accounts included in the Collateral, have “control” (within the meaning of Section 8-106(d)(3) of the UCC) of such securities accounts on behalf of the Second Priority Agent,(y) with
respect to any deposit accounts included in the Collateral, act as agent for the Second Priority Agent and (z) with respect to Single Lien Foreign Collateral, act as agent for the Second Priority Agent or Second Priority Secured Parties (as the
circumstances may require to maximize the benefit of the Lien on the Collateral for the benefit of the Second Priority Secured Parties without detriment to the interests of the First Priority Secured Parties); and 

  
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 (ii)    if any such Pledged or Controlled Collateral is
in the possession or under the control of the Second Priority Agent, or of agents or bailees of the Second Priority Agent, the Second Priority Agent shall, solely for the purpose of perfecting the First Priority Liens granted under the First
Priority Debt Documents and subject to the terms and conditions of this Article V, also (x) hold and/or maintain control of such Pledged or Controlled Collateral as gratuitous bailee for and representative (as defined in Section 1-201(35) of the Uniform Commercial Code as in effect in the State of New York) of the First Priority Agent, (y) with respect to any securities accounts included in the Collateral, have
“control” (within the meaning of Section 8-106(d)(3) of the UCC) of such securities accounts on behalf of the First Priority Agent and (z) with respect to any deposit accounts included in
the Collateral, act as agent for the First Priority Agent. 
 (b)    So long as the Discharge of First Priority Claims
has not occurred, the First Priority Agent shall be entitled to deal with the Pledged or Controlled Collateral and Single Lien Foreign Collateral in accordance with the terms of this Agreement and the other First Priority Debt Documents as if the
Second Priority Liens did not exist. The obligations and responsibilities of the First Priority Agent to the Second Priority Agent and the other Second Priority Secured Parties under this Article V shall be limited solely to holding or
controlling the Pledged or Controlled Collateral as gratuitous bailee and representative (as defined in Section 1-201(35) of the Uniform Commercial Code as in effect in the State of New York) and non-judiciary agent in accordance with this Article V. Without limiting the foregoing, the First Priority Agent shall have no obligation or responsibility to ensure that any Pledged or Controlled Collateral
and Single Lien Foreign Collateral is genuine or owned by any of the Grantors. The First Priority Agent acting pursuant to this Article V shall not, by reason of this Agreement, any other Security Document or any other document, have a
fiduciary relationship in respect of any other First Priority Secured Party, the Second Priority Agent or any other Second Priority Secured Party. 

(c)    Upon the Discharge of First Priority Claims, the First Priority Agent shall, to the extent it is legally able to do
so, transfer the possession and control of the Pledged or Controlled Collateral and Single Lien Foreign Collateral, together with any necessary endorsements but without recourse or warranty, to the Second Priority Agent, so as to allow such Person
to obtain possession and control of such Pledged or Controlled Collateral or a perfect Lien on the Single Lien Foreign Collateral. In connection with any transfer under the immediately preceding sentence, the First Priority Agent agrees, at the
expense of the Grantors, to take all actions in its power as shall be reasonably requested by the Second Priority Agent to permit the Second Priority Agent to obtain, for the benefit of the Second Priority Secured Parties, a first priority security
interest in the Pledged or Controlled Collateral. 
 (d)    Following the Discharge of First Priority Obligations the
Second Priority Agent shall be entitled to deal with the Pledged or Controlled Collateral and Single Lien Foreign Collateral in accordance with the terms of this Agreement and the other Second Priority Debt Documents as if the First Priority Claims
did not exist. The obligations and responsibilities of the Second Priority Agent to the First Priority Agent and the other First Priority Secured Parties under this Article V shall be limited solely to holding or controlling the Pledged or
Controlled Collateral and Single Lien Foreign Collateral as bailee in accordance with this Section 5.01. Without limiting the foregoing, the Second Priority Agent shall have no obligation or responsibility to ensure that

  
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any Pledged or Controlled Collateral or Single Lien Foreign Collateral is genuine or owned by any of the Grantors. The Second Priority Agent acting pursuant to this Article V shall not, by reason
of this Agreement, any other Security Document or any other document, have a fiduciary relationship in respect of any other Second Priority Secured Party, the First Priority Agent or any other First Priority Secured Party. 

(e)    Any documents that would otherwise be required to be delivered by a Grantor under a Second Priority Security
Document to the Second Priority Agent to perfect or assist in the enforcement of any Lien created under such Second Priority Security Document shall be deemed delivered to the Second Priority Agent on evidence provided to the Second Priority Agent
that such Grantor has delivered the relevant documentation to the First Priority Agent in accordance with the First Priority Security Documents. 

(f)    The Second Priority Agent and the First Priority Agent agree that any notices of assignment or charge issued
pursuant to any Debt Document should be such that the notice of assignment or charge issued pursuant to the First Priority Security Document will prevail until the occurrence of the Discharge of First Priority Claims. 

(g)    To the extent required under a First Priority Security Document as to which Collateral thereunder may have been
delivered to the Second Priority Agent under a Second Priority Security Document (a “Relevant Second Priority Security Document”), the Grantors party to any Relevant Second Priority Security Document hereby instruct the
Second Priority Agent, and the Second Priority Agent hereby agrees, to deliver to the First Priority Security Agent all share certificates and stock transfer forms or other physical Collateral delivered to the Second Priority Agent pursuant to that
Relevant Second Priority Security Documents. 
 (h)    Prior to the Discharge of First Priority Claims, notwithstanding
any provision of any Second Priority Security Documents, the Grantors party to any Second Priority Security Documents shall not be required to deliver: 

(i)    any notice of assignment or charge of any relevant security in the form prescribed under that Second
Priority Security Documents and shall instead deliver any such notice in a form with such amendments as approved by the First Priority Agent and the Second Priority Agent, each acting reasonably, as are necessary to reflect the provisions of this
Agreement and 
 (ii)    to the Second Priority Agent any share certificate, stock transfer form,
document of title or other document required to be delivered to the First Priority Agent pursuant to any First Priority Security Documents. 

(i)    In the case of any conflict or inconsistency between the instructions of the Second Priority Agent and the First
Priority Agent in respect of the First Priority Security Documents and the Second Priority Security Documents, the instructions of the First Priority Agent shall prevail. 

  
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 ARTICLE VI 

INSOLVENCY OR LIQUIDATION PROCEEDINGS 

Section 6.1    Finance and Sale Matters. (a) Until the Discharge of First Priority Claims has occurred,
the Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, agrees that, in the event of any Insolvency or Liquidation Proceeding, the Second Priority Secured Parties: 

(i)    will not oppose or object (nor will they join with or support any other Person in opposing or
objecting) to the use of any Collateral constituting cash collateral under Section 363 of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law, unless the First Priority Secured Parties, or a representative authorized by
the First Priority Secured Parties including the First Priority Agent, shall oppose or object to such use of cash collateral; 

(ii)    with respect to any post-petition financing, whether provided by the First Priority Secured Parties
or any other Person, under Section 364 of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law (a “DIP Financing”), on any basis including without limitation to the extent that such DIP Financing “rolls-up” or otherwise includes or refinances any prepetition First Priority Claims, or to the Liens securing any DIP Financing (“DIP Financing Liens”), (A) will not oppose or
object (nor will they join with or support any other Person in opposing or objecting) unless the First Priority Secured Parties, or a representative authorized by the First Priority Secured Parties including the First Priority Agent, shall then
oppose or object to such DIP Financing or such DIP Financing Liens, and, to the extent that such DIP Financing Liens are senior to, or rank pari passu with, the First Priority Liens, the Second Priority Agent will, for itself and on behalf of
the other Second Priority Secured Parties, subordinate the Second Priority Liens to each of the First Priority Liens and DIP Financing Liens on the terms of this Agreement, (B) will oppose and object to, at the instruction of the First Priority
Secured Parties or a representative authorized by the First Priority Secured Parties, any DIP Financing that does not Refinance and “roll-up” to a priming, senior secured, superpriority
administrative expense claim status the First Priority Obligations, and (C) will not propose any DIP Financing without the consent of the First Priority Parties; 

(iii)    except to the extent permitted by paragraph (b) of this
Section 6.1, in connection with the use of cash collateral as described in clause (i) above or any DIP Financing as described in clause (ii) above, will not request (nor will they join with or support any other
Person in requesting) adequate protection with respect to any Collateral or any other relief in connection with such use of cash collateral, DIP Financing or DIP Financing Liens; 

(iv)    will not oppose or object (nor will they join with or support any other Person in opposing or
objecting) to any Disposition of any Collateral free and clear of the Second Priority Liens or other claims under Section 363 of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law, if the First

  
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Priority Secured Parties, or a representative authorized by the First Priority Secured Parties, shall consent to, or not oppose or object to, such Disposition free and clear of First Priority
Liens, so long as the proceeds are applied in accordance with this Agreement; and 
 (v)    will not
(i) oppose or object (nor will they join with or support any other Person in opposing or objecting) to the determination of the extent of any Liens held by any First Priority Secured Party or the value of any claims of any such holder under
Section 506(a) of the Bankruptcy Code, (ii) oppose or object (nor will they join with or support any other Person in opposing or objecting) to or contest the payment to the First Priority Secured Party of interest, fees or expenses under
Section 506(b) of the Bankruptcy Code or (iii) assert or enforce (nor will they join with or support any other Person in asserting or enforcing) any claim under Section 506(c) of the Bankruptcy Code or any similar provision of
any other Bankruptcy Law senior to or on a parity with the First Priority Liens for costs or expenses of preserving or disposing of any Collateral. 

(b)    The Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, agrees that no
Second Priority Secured Party shall contest, or support any other Person in contesting, (i) any request by the First Priority Agent or any other First Priority Secured Party for adequate protection in respect of any First Priority Claims or
(ii) any objection, based on a claim of a lack of adequate protection with respect of any First Priority Claims, by the First Priority Agent or any other First Priority Secured Party to any motion, relief, action or proceeding. Notwithstanding
the immediately preceding sentence, if, in connection with any DIP Financing or use of cash collateral, (A) any First Priority Secured Party seeks or requests adequate protection in the form of a Lien on additional collateral, the Second
Priority Agent may, for itself and on behalf of the other Second Priority Secured Parties, seek or request adequate protection in the form of a Lien on such additional collateral, which Lien will be subordinated to the First Priority Liens and DIP
Financing Liens on the same basis as the other Second Priority Liens are subordinated to the First Priority Liens under this Agreement and no First Priority Secured Party may object to any such request or (B) any Second Priority Secured Party
is granted adequate protection in the form of a Lien on additional collateral, the First Priority Agent shall, for itself and on behalf of the other First Priority Secured Parties, be granted adequate protection in the form of a Lien on such
additional collateral that is senior to such Second Priority Lien as security for the First Priority Claims. 

(c)    The Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, waives any claim
that may be had against the First Priority Agent or any other First Priority Secured Party arising out of any DIP Financing Liens (granted in a manner that is not inconsistent with this Agreement) under Section 364 of the Bankruptcy Code. 

(d)    Notwithstanding anything to the contrary contained in any Debt Document, if in any Insolvency or Liquidation
Proceeding a determination is made that any Lien encumbering any Collateral is not enforceable for any reason, then the Second Priority Agent for itself and on behalf of each other Second Priority Secured Party, agrees that, any distribution or
recovery they may receive with respect to, or allocable to, the value of the assets constituting Collateral subject to an enforceable Lien in favor of the Second Priority Secured Parties or any proceeds thereof shall

  
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(for so long as the Discharge of First Priority Claims has not occurred) be segregated and held in trust and forthwith paid over to the First Priority Agent for the benefit of the First Priority
Secured Parties in the same form as received but with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. Until the Discharge of First Priority Claims occurs, the Second Priority Agent, for itself and on behalf
of each other Second Priority Secured Party, hereby appoints the First Priority Agent, and any officer or agent of the First Priority Agent, with full power of substitution, the
attorney-in-fact of each Second Priority Secured Party for the limited purpose of carrying out the provisions of this clause (d) and taking any action and executing
any instrument that the First Priority Agent may deem necessary or advisable to accomplish the purposes of this clause (d), which appointment is irrevocable and coupled with an interest. 

(e)    Notwithstanding anything to the contrary contained in any First Priority Debt Document or any Second Priority Debt
Document, until the Discharge of the First Priority Claims has occurred, (i) if any of the Grantors seeks any DIP Financing, the First Priority Agent, for itself and on behalf the other First Priority Secured Parties, and the Second Priority
Agent, for itself and on behalf of the other Second Priority Secured Parties, shall collectively use reasonable best efforts to require such Grantors to borrow pursuant to a DIP Financing that
“rolls-up” or otherwise includes or refinances the outstanding First Priority Claims and (ii) the First Priority Agent, for itself and on behalf of the other First Priority Secured Parties,
agrees not to support or propose a DIP Financing (A) with a “roll-up” that does not “roll up” the First Priority Claims or (B) that seeks to “prime” any First Priority
Creditor’s rights to Collateral in a manner different than any other First Priority Creditor’s rights to the Collateral. 

Section 6.2    Relief from the Automatic Stay. Until the Discharge of First Priority Claims has
occurred, without the prior written consent of the First Priority Secured Parties, or a representative authorized by the First Priority Secured Parties including the First Priority Agent, no Second Priority Secured Party shall seek or request relief
from or modification of the automatic stay in any Insolvency or Liquidation Proceeding in respect of any part of the Collateral, any proceeds thereof or any Second Priority Lien. 

Section 6.3    Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt
obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of the First Priority Claims and the
Second Priority Claims, then, to the extent the debt obligations distributed on account of the First Priority Claims and on account of the Second Priority Claims, the provisions of this Agreement will survive the distribution of such debt
obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 

Section 6.4    Post-Petition Interest. (a) The Second Priority Agent, for itself and on behalf of the
other Second Priority Secured Parties, agrees that no Second Priority Secured Party shall oppose or seek to challenge any claim by the First Priority Agent or any other First Priority Secured Party for allowance in any Insolvency or Liquidation
Proceeding of First Priority Claims consisting of post-petition interest, fees or expenses to the extent of the value of the First Priority Liens (it being understood and agreed that such value shall be determined without regard to the existence of
the Second Priority Liens on the Collateral). 

  
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 (b)    The First Priority Agent, for itself and on behalf of the other
First Priority Secured Parties, agrees that the Second Priority Agent or any other Second Priority Secured Party may make a claim for allowance in any Insolvency or Liquidation Proceeding of Second Priority Claims consisting of post-petition
interest, fees or expenses to the extent of the value of the Second Priority Liens; provided, however, that if the First Priority Secured Parties shall have made any such claim, such claim (A) shall have also have been approved or
(B) will be approved contemporaneous with the approval of any such claim by any Second Priority Secured Party. 

Section 6.5    No Waivers of Rights of First Priority Secured Parties. Nothing
contained herein shall, except as expressly provided herein, prohibit or in any way limit any First Priority Agent or any other First Priority Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken
by any Second Priority Secured Party. 
 Section 6.6    Certain Waivers by the Second Priority Secured
Parties. The Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, waives any claim any Second Priority Secured Party may have against any First Priority Secured Party arising out of (a) the
election by any First Priority Secured Party of the application of Section 1111(b)(2) of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law, or (b) any use of cash collateral or financing arrangement, or any grant
of a security interest in the Collateral, in any Insolvency or Liquidation Proceeding. 

Section 6.7    Certain Voting Matters. Each of the First Priority Agent, on behalf of the First
Priority Secured Parties and the Second Priority Agent on behalf of the Second Priority Secured Parties, agrees that, without the prior written consent of the other, it will not seek to vote with the other as a single class in connection with any
plan of reorganization in any Insolvency or Liquidation Proceeding. The Second Priority Agent, for itself and on behalf of each other Second Priority Secured Party, agrees that neither the Second Priority Agent nor any Second Priority Secured Party
shall support or vote for any plan of reorganization or disclosure statement of any Company or any other Grantor unless (i) such plan is accepted by the class of First Priority Secured Parties in accordance with Section 1126(c) of the
Bankruptcy Code or otherwise provides for the Discharge of First Priority Claims (including the payment of all post-petition interest, fees and expenses, whether or not allowed or available under the Bankruptcy Code) on the effective date of such
plan of reorganization, or (ii) such plan provides on account of the First Priority Secured Parties for the retention by the First Priority Agent, for the benefit of the First Priority Secured Parties, of the Liens on the Collateral securing
the First Priority Claims, and on all proceeds thereof, and such plan also provides that any Liens retained by, or granted to, the Second Priority Agent are only on property securing the Second Priority Claims and shall have the same relative
priority with respect to the Collateral or other property, respectively, as provided in this Agreement with respect to the Collateral, and to the extent such plan provides for deferred cash payments, or for the distribution of any other property of
any kind or nature, on account of the First Priority Claims or the Second Priority Claims, such plan provides that any such deferred cash payments or other distributions in respect of the Second Priority Claims shall be delivered to the First
Priority Agent and distributed in accordance with the priorities provided in this Agreement. Except as provided in this Agreement, the Second Priority Secured Parties shall remain entitled to vote their Second Priority Claims in any such Insolvency
or Liquidation Proceeding. 

  
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 Section 6.8    Involuntary Bankruptcy
Filing. Without the consent of the First Priority Agent in its sole discretion, the Second Priority Representative, for itself and on behalf of each other Second Priority Secured Party, agrees it will not file an
involuntary bankruptcy claim or seek the appointment of an examiner or a trustee for any Borrower or any other Grantor. 

Section 6.9    Separate Grants of Security and Separate Classification; Effectiveness in Insolvency or
Liquidation Proceedings. 
 (a)    Each Second Priority Representative and each Second Priority Agent, for
itself and on behalf of each other Second Priority Creditors represented by it, and each First Lien Representative and each First Lien Collateral Agent, for itself and on behalf of each other First Lien Claimholder represented by it, acknowledges
and agrees that: 
 (i)    the grants of Liens pursuant to the First Lien Collateral Documents and the
Second Priority Security Documents constitute two separate and distinct grants of Liens; and 

(ii)    because of, among other things, their differing rights in the Collateral, the Second Priority
Claims are fundamentally different from the First Lien Obligations and must be separately classified in any plan of reorganization proposed or adopted in an Insolvency or Liquidation Proceeding. 

To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the claims of the First
Lien Claimholders and the Second Priority Creditors in respect of the Collateral constitute only one secured claim (rather than separate classes of senior and junior secured claims), then each of the parties hereto hereby acknowledges and agrees
that all distributions shall be made as if there were separate classes of senior and junior secured claims against the Grantors in respect of the Collateral (with the effect being that, to the extent that the aggregate value of the Collateral is
sufficient (for this purpose ignoring all claims held by the Second Priority Creditors), the First Lien Claimholders shall be entitled to receive, in addition to amounts distributed to them in respect of principal,
pre-petition interest and other claims, all amounts owing (or that would be owing if there were such separate classes of senior and junior secured claims) in respect of Post-Petition Interest (including any
additional interest payable pursuant to the First Lien Loan Documents, arising from or related to a default, which is disallowed as a claim in any Insolvency or Liquidation Proceeding) before any distribution is made in respect of the claims held by
the Second Priority Creditors with respect to the Collateral, with each Second Priority Representative and each Second Priority Agent, for itself and on behalf of each other Second Priority Creditors represented by it, herby acknowledging and
agreeing to turn over to the First Priority Agent, for itself and on behalf of each other First Lien Claimholder, Collateral or proceeds of Collateral otherwise received or receivable by them to the extent necessary to effectuate the intent of this
sentence, even if such turnover has the effect of reducing the claim or recovery of the Second Priority Creditors). 

(b)    The Parties acknowledge that this Agreement is a “subordination agreement” under Section 510(a) of
the Bankruptcy Code, which will be effective before, during and after the commencement of an Insolvency or Liquidation Proceeding. All references in this Agreement to any Grantor will include such Person as a debtor-in-possession and any receiver or trustee for such Person in an Insolvency or Liquidation Proceeding. 

  
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 ARTICLE VII 

OTHER AGREEMENTS 

Section 7.1    Matters Relating to Debt Documents. 

(a)    Each of the Parent, the Borrowers, the Guarantors, the First Priority Agent, and the Second Priority Agent agrees
that the First Priority Debt Agreement and each First Priority Debt Document may be amended, restated, supplemented or otherwise modified (and consents to or waivers of noncompliance from the terms thereof may be granted) in accordance with their
terms and the First Priority Claims may, subject to Section 7.2 below, be Refinanced, in each case, without the consent of any Second Priority Secured Party; provided however, that, without the prior written consent
of the Second Priority Agent and the holders of a majority of Second Priority Claims (but for the avoidance of doubt no required consent of any other Second Priority Secured Parties), no First Priority Debt Document may be amended, restated,
supplemented or otherwise modified, or entered into, or Refinanced, or the noncompliance from the terms thereof be consented to or waived, to the extent such amendment, restatement, supplement or modification, or the terms of such new First Priority
Debt Document, or such Refinancing, or consent or waiver would contravene the provisions of this Agreement. 

(b)    Each of the Parent, the Borrowers, the Guarantors, the First Priority Agent, and the Second Priority Agent agrees
that the Second Priority Debt Agreement and each Second Priority Debt Document may be amended, restated, supplemented or otherwise modified (and consents to or waivers of noncompliance from the terms thereof may be granted) in accordance with their
terms and the Second Priority Claims may be Refinanced, in each case, without the consent of any First Priority Secured Party; provided however, that, until the Discharge of First Priority Claims, (x) in each case with respect to a
Refinancing, the holders of the Obligations resulting from any such Refinancing, or a duly authorized agent on their behalf, shall agree in writing to be bound by the terms of this Agreement and (y) without the prior written consent of the
First Priority Agent and the holders of a majority of First Priority Claims (but for the avoidance of doubt no required consent of any other First Priority Secured Parties), no Second Priority Debt Document may be amended, restated, supplemented or
otherwise modified, or entered into, or Refinanced, or the non-compliance from the terms thereof be consented to or waived, to the extent such amendment, restatement, supplement or modification, or the terms
of such new Second Priority Debt Document, or such Refinancing, or consent or waiver would contravene the provisions of this Agreement. 

Section 7.2    Effect of Refinancing of Indebtedness under First Priority Debt Documents. If,
substantially contemporaneously with the Discharge of First Priority Claims, the Grantors Refinance Indebtedness outstanding under the First Priority Debt Documents and provided that (a) such Refinancing is permitted hereby and (b) the
Parent gives to the Second Priority Agent written notice (the “Refinancing Notice”) electing the application of the provisions of this Section 7.2 to such Refinancing Indebtedness, then (i) such Discharge of
First Priority Claims shall automatically be deemed not to have occurred for all purposes of this Agreement, (ii) such Refinancing Indebtedness and all other obligations under the documents evidencing such

  
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Indebtedness (the “New First Priority Claims”) shall automatically be treated as First Priority Claims for all purposes of this Agreement, including for purposes of the
Lien priorities and rights in respect of Collateral set forth herein, (iii) the Debt Agreement and the other documents evidencing such Refinancing Indebtedness (the “New First Priority Debt Documents”) shall
automatically be treated as the First Priority Debt Agreement and the First Priority Debt Documents and, in the case of New First Priority Debt Documents that are security documents pursuant to which any Grantor has granted a Lien to secure any New
First Priority Claim, as the First Priority Security Documents for all purposes of this Agreement, (iv) the collateral agent under the New First Priority Debt Documents (the “New First Priority Agent”) shall be
deemed to be the First Priority Agent for all purposes of this Agreement and (v) the lenders under the New First Priority Debt Documents shall be deemed to be the First Priority Creditors for all purposes of this Agreement. Upon receipt of a
Refinancing Notice, which notice shall include the identity of the New First Priority Agent, the Second Priority Agent shall promptly enter into such documents and agreements (including amendments or supplements to this Agreement) as any Borrower or
the Parent or such New First Priority Agent may reasonably request in order to provide to the New First Priority Agent the rights and powers contemplated hereby, in each case consistent in all material respects with the terms of this Agreement.
Either any Borrower or the Parent shall cause the agreement, document or instrument pursuant to which the New First Priority Agent is appointed to provide that the New First Priority Agent agrees to be bound by the terms of this Agreement. 

Section 7.3    No Waiver by First Priority Secured Parties. Other than with respect to the
Second Priority Permitted Actions, nothing contained herein shall prohibit or in any way limit the First Priority Agent or any other First Priority Secured Party from opposing, challenging or objecting to, in any Insolvency or Liquidation Proceeding
or otherwise, any action taken, or any claim made, by the Second Priority Agent or any other Second Priority Secured Party, including any request by the Second Priority Agent or any other Second Priority Secured Party for adequate protection or any
exercise by the Second Priority Agent or any other Second Priority Secured Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise. 

Section 7.4    Reinstatement. If, in any Insolvency or Liquidation Proceeding or otherwise, all or part
of any payment with respect to the First Priority Claims previously made shall be rescinded or otherwise required to be paid over to any Grantor or any Subsidiary for any reason whatsoever, then the First Priority Claims shall be reinstated to the
extent of the amount so rescinded or paid and the Discharge of First Priority Claims is deemed not to have occurred for all purposes under this Agreement and, if theretofore terminated, this Agreement shall be reinstated in full force and effect and
such prior termination shall not diminish, release, discharge, impair or otherwise affect the Lien priorities and the relative rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties provided for herein.
The Second Priority Agent, for itself and on behalf of each other Second Priority Secured Parties, agrees that if, at any time, it receives notice of any such rescission or payment, the Second Priority Agent or such other Second Priority Secured
Party shall promptly pay over to the First Priority Agent any payment in respect of the Collateral or any Collateral received by it and then in its possession or under its control, and the provisions set forth in this Agreement shall be reinstated
as if such payment had not been made, until the Discharge of First Priority Claims. 

  
 25 

 Section 7.5    Authorization of Collateral Agents. By
accepting the benefits of this Agreement and the other First Priority Security Documents, each First Priority Secured Party hereby authorizes the First Priority Agent to enter into this Agreement and to act on its behalf as collateral agent
hereunder and in connection herewith. By accepting the benefits of this Agreement and the other Second Priority Security Documents, each Second Priority Secured Party hereby authorizes the Second Priority Agent to enter into this Agreement and to
act on its behalf as collateral agent hereunder and in connection herewith. 
 Section 7.6    Further
Assurances. Each of the First Priority Agent, for itself and on behalf of the other First Priority Secured Parties, and the Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, and each Grantor party
hereto, for itself and on behalf of its Subsidiaries, agrees that it will execute, or will cause to be executed, any and all further documents, agreements and instruments, and take all such further actions, as may be required under any applicable
law, or which the First Priority Agent or the Second Priority Agent may reasonably request, to effectuate the terms of this Agreement, including the relative Lien priorities provided for herein. 

ARTICLE VIII 

REPRESENTATIONS AND WARRANTIES 

Section 8.1    Representations and Warranties of Each Party. Each party hereto represents and warrants
to the other parties hereto as follows: 
 (a)    Such party is duly organized, validly existing and in good standing
under the laws of the jurisdiction of its organization and has all requisite power and authority to execute and deliver this Agreement and perform its obligations hereunder. 

(b)    This Agreement has been duly executed and delivered by such party and constitutes a legal, valid and binding
obligation of such party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity,
regardless of whether considered in a proceeding in equity or at law. 
 (c)    The execution, delivery and performance
by such party of this Agreement (i) do not require any material consent or approval of, registration or filing with or any other action by any governmental authority (except as contemplated hereby) and (ii) will not violate any material
provision of law, statute, rule or regulation, or of the certificate or articles of incorporation or other constitutive documents or by-laws of such party or any material order of any governmental authority or
any material provision of any indenture, agreement or other instrument applicable to or binding upon such party. 

Section 8.2    Representations and Warranties of Each Collateral Agent. Each Collateral Agent
represents and warrants to the other parties hereto that it has been authorized by the Secured Parties under and as defined in the First Priority Debt Agreement or the Second Priority Debt Agreement, as applicable, to enter into this Agreement. In
accordance with the terms of the Second Priority Debt Agreement, the Required Parity Debtholders (as defined in the Second Priority Debt Agreement) have the right to direct the Second Priority Agent on behalf of the Second

  
 26 

 
Priority Secured Parties in accordance with the terms hereof and of the Second Priority Debt Documents (i) with respect to the exercise of rights and remedies and (ii) to take other
actions with respect to the Collateral, and the other Second Priority Secured Parties have no rights to take any action with respect to the Collateral under this Agreement (other than at the direction or with the consent of the Second Priority
Agent). 
 ARTICLE IX 

NO RELIANCE; NO LIABILITY; OBLIGATIONS ABSOLUTE 

Section 9.1    No Reliance; Information. The First Priority Secured Parties and the Second Priority
Secured Parties shall have no duty to disclose to any Second Priority Secured Party or to any First Priority Secured Party, respectively, any information relating to any Company or any of the Grantors, or any other circumstance bearing upon the risk
of nonpayment of any of the First Priority Claims or the Second Priority Claims, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Secured Party or any Second Priority
Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, any Second Priority Secured Party or any First Priority Secured Party, it shall be under no obligation (i) to
make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (ii) to provide any additional
information or to provide any such information on any subsequent occasion or (iii) to undertake any investigation. 

Section 9.2    No Warranties or Liability. (a) The First Priority Agent, for itself and on behalf
of the other First Priority Secured Parties, acknowledges and agrees that, except for the representations and warranties set forth in Article VIII, neither the Second Priority Agent nor any other Second Priority Secured Party has made any
express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectibility or enforceability of any of the Second Priority Debt Documents, the ownership of any Collateral or the
perfection or priority of any Liens thereon. The Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, acknowledges and agrees that, except for the representations and warranties set forth in Article
VIII, neither the First Priority Agent nor any other First Priority Secured Party has made any express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectibility or
enforceability of any of the First Priority Debt Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon. 

(a)    The Second Priority Agent and the other Second Priority Secured Parties shall have no express or implied duty to
the First Priority Agent or any other First Priority Secured Party, and the First Priority Agent and the other First Priority Secured Parties shall have no express or implied duty to the Second Priority Agent or any other Second Priority Secured
Party, to act or refrain from acting in a manner which allows, or results in, the occurrence or continuance of a default or an event of default under any First Priority Debt Document and any Second Priority Debt Document (other than, in each case,
this Agreement), regardless of any knowledge thereof which they may have or be charged with. 

  
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 (b)    The Second Priority Agent, for itself and on behalf of the other
Second Priority Secured Parties, agrees no First Priority Secured Party shall have any liability to the Second Priority Agent or any other Second Priority Secured Party, and hereby waives any claim against any First Priority Secured Party, arising
out of any and all actions which the First Priority Agent or the other First Priority Secured Parties may take or permit or omit to take with respect to (i) the First Priority Debt Documents (other than this Agreement), (ii) the collection of
the First Priority Claims or (iii) the maintenance of, the preservation of, the foreclosure upon or the Disposition of any Collateral. 

(c)    The Second Priority Agent shall not at any time be deemed or imputed to have any knowledge of or receipt of any
notices, information, correspondence or materials in the possession of or given to the First Priority Agent, in its capacity as First Priority Agent or as a lender under the First Priority Debt Agreement. First Priority Agent shall not at any time
be deemed or imputed to have any knowledge of or receipt of any notices, information, correspondence or materials in the possession of or given to the Second Priority Agent, in its capacity as Second Priority Agent or as any other Second Priority
Secured Party. 
 Section 9.3    Obligations Absolute. The Lien priorities provided for herein and
the respective rights, interests, agreements and obligations hereunder of the First Priority Agent and the other First Priority Secured Parties and the Second Priority Agent and the other Second Priority Secured Parties shall remain in full force
and effect irrespective of: 
 (a)    any lack of validity or enforceability of any Debt Document; 

(b)    any change in the time, place or manner of payment of, or in any other term of (including, subject to the
limitations set forth in Section 7.2, the Refinancing of), all or any portion of the First Priority Claims, it being specifically acknowledged that a portion of the First Priority Claims consists or may consist of
Indebtedness that is revolving in nature, and the amount thereof that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed; 

(c)    any change in the time, place or manner of payment of, or, subject to the limitations set forth in
Section 7.2, in any other term of, all or any portion of the First Priority Claims; 

(d)    any amendment, waiver or other modification, whether by course of conduct or otherwise, of any Debt Document; 

(e)    the securing of any First Priority Claims or Second Priority Claims with any additional collateral or guarantees,
or any exchange, release, voiding, avoidance or non-perfection of any security interest in any Collateral or any other collateral or any release of any guarantee securing any First Priority Claims or Second
Priority Claims; 
 (f)    the commencement of any Insolvency or Liquidation Proceeding or Liquidation Sale in respect
of any Company or any other Grantor; or 

  
 28 

 (g)    any other circumstances that otherwise might constitute a defense
available to, or a discharge of, any Company or any other Grantor in respect of the First Priority Claims or this Agreement, or any of the Second Priority Secured Parties in respect of this Agreement. 

Section 9.4    No Impairment of Security Interests. Each Company and each Grantor will not, and will
not permit its Subsidiaries to, take any action, or knowingly omit to take any action, which action or omission would have the result of materially impairing the validity, perfection or priority of the security interest in the Collateral created by
the First Priority Security Documents or the Second Priority Security Documents, except as permitted by the Debt Documents. 
 ARTICLE X

 MISCELLANEOUS 

Section 10.1    Notices. 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, as follows: 

(a)    if to the Parent or any other Grantor, as set forth in the First Priority Debt Agreement and the Second Priority
Credit Agreement; 
 (b)    if to the First Priority Agent, to Credit Agricole Corporate and Investment Bank, as First
Priority Agent, 1301 Avenue of the Americas, New York, NY 10019, Attention: Agnes Castillo (Fax No. 917-849-5463 or 917-849-5456); and 
 (c)    if to the Second Priority Agent, to Credit
Agricole Corporate and Investment Bank, as First Priority Agent, 1301 Avenue of the Americas, New York, NY 10019, Attention: Agnes Castillo (Fax No. 917-849-5463 or
917-849-5456). 
 All notices and other communications given
to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt if delivered by hand or overnight courier service or sent by fax or on the date five Business Days after dispatch by
certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 10.1 or in accordance with the latest unrevoked direction from such party given
in accordance with this Section 10.1. As agreed to between any Company and any Collateral Agent from time to time, notices and other communications may also be delivered by e-mail to
the e-mail address of a representative of the applicable Person provided from time to time by such Person. 

The First Priority Agent and the Second Priority Agent agree to use diligent efforts to provide each other with copies of any notices of
default or acceleration or similar notices which they give to any Company under the First Priority Debt Documents and Second Priority Debt Documents respectively; provided, however, that in the event that either of such parties fails
to provide the other with such notice, such failure shall not affect their respective obligations hereunder or the effectiveness of any such notice. 

Section 10.2    Conflicts. IN THE EVENT OF ANY CONFLICT OR INCONSISTENCY BETWEEN THE PROVISIONS OF THIS
AGREEMENT AND THE PROVISIONS OF THE OTHER DEBT DOCUMENTS, THE PROVISIONS OF THIS AGREEMENT SHALL CONTROL. 

  
 29 

 Section 10.3    Effectiveness; Survival; Termination.
This Agreement shall become effective when executed and delivered by the parties hereto. All covenants, agreements, representations and warranties made by any party in this Agreement shall be considered to have been relied upon by the other parties
hereto and shall survive the execution and delivery of this Agreement. The terms of this Agreement shall survive, and shall continue in full force and effect, in any Insolvency or Liquidation Proceeding. The Second Priority Agent, for itself and on
behalf of the other Second Priority Secured Parties, hereby waives any and all rights the Second Priority Secured Parties may now or hereafter have under applicable law to revoke this Agreement or any of the provisions of this Agreement. This
Agreement shall terminate and be of no further force and effect, with respect to the Second Priority Agent, the Second Priority Secured Parties and the Second Priority Claims, upon earlier of (x) subject to Section 7.2, the date of
Discharge of First Priority Claims, subject to the rights of the First Priority Secured Parties under Section 7.4 and (y) the later of (1) the date upon which the obligations under the Second Priority Debt Agreement terminate if there
are no other Second Priority Claims outstanding on such date and (2) if there are other Second Priority Claims outstanding on such date, the date upon which such Second Priority Claims terminate. 

Section 10.4    Severability. In the event any one or more of the provisions contained in this
Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby (it being understood that the
invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or
unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

Section 10.5    Amendments; Waivers. (a) No failure or delay on the part of any party hereto in
exercising any power or right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or
further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this
Agreement or consent to any departure by any party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 10.5, and then such waiver or consent shall be effective
only in the specific instance and for the purpose for which given. 
 (b)    Neither this Agreement nor any provision
hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the First Priority Agent and the Second Priority Agent; provided that no such agreement shall amend, modify or otherwise affect
the rights or obligations of any Grantor without such Person’s prior written consent. 

Section 10.6    Postponement of Subrogation. The Second Priority Agent, for itself and on behalf of
each other Second Priority Secured Parties, agrees that no payment or distribution to 

  
 30 

 
any First Priority Secured Party pursuant to the provisions of this Agreement shall entitle any Second Priority Secured Party to exercise any rights of subrogation in respect thereof until the
Discharge of First Priority Claims shall have occurred. Following the Discharge of First Priority Claims, each First Priority Secured Party agrees to execute such documents, agreements, and instruments as any Second Priority Secured Party may
reasonably request to evidence the transfer by subrogation to any such Person of an interest in the First Priority Claims resulting from payments or distributions to such First Priority Secured Party by such Person, so long as all costs and expenses
(including all reasonable legal fees and disbursements) incurred in connection therewith by such First Priority Secured Party are paid by such Person upon request for payment thereof, but in all events subject to Sections 7.2 and 7.4. 

Section 10.7    Applicable Law; Jurisdiction; Consent to Service of Process. (a) THIS AGREEMENT SHALL
BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

(b)    Each party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive
jurisdiction of any Supreme Court for New York County, New York or in The United States District Court for the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this
Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined only in such New York
court or, to the extent permitted by law, in such Federal court. Each party hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other
manner provided by law. 
 (c)    Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent
it may legally and effectively do so, (i) any right to any other jurisdiction to which it may be entitled on account of domicile, residence or otherwise and (ii) any objection which it may now or hereafter have to the laying of venue of
any suit, action or proceeding arising out of or relating to this Agreement in any New York court or in any such Federal court. Each party hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum
to the maintenance of such action or proceeding in any such court. 
 (d)    Each party to this Agreement irrevocably
consents to service of process in the manner provided for notices in Section 10.1. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

Section 10.8    Waiver of Jury Trial. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF 

  
 31 

 
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT, BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.8. 
 Section 10.9    Parties in Interest. The
provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, as well as the other First Priority Secured Parties and Second Priority Secured Parties, all of whom are
intended to be bound by, and to be third party beneficiaries of, this Agreement. No other Person shall have or be entitled to assert rights or benefits hereunder. 

Section 10.10    Specific Performance. Each Collateral Agent may demand specific performance of this
Agreement and, on behalf of itself and the respective other Secured Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any
action which may be brought by the respective Secured Parties. 
 Section 10.11    Headings. Article
and Section headings used herein and the Table of Contents hereto are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement.

 Section 10.12    Counterparts. This Agreement may be executed in counterparts (and by different
parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract, and shall become effective as provided in Section 10.3. Delivery
of an executed signature page to this Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 

Section 10.13    Provisions Solely to Define Relative Rights. The provisions of this Agreement are and
are intended solely for the purpose of defining the relative rights of the First Priority Secured Parties, on the one hand, and the Second Priority Secured Parties, on the other hand. None of any Company, any other Grantor, any Guarantor or any
other creditor thereof shall have any rights or obligations hereunder, except as expressly provided in this Agreement, and none of any Company, any other Grantor or any Guarantor may rely on the terms hereof except as expressly provided in this
Agreement. Nothing in this Agreement is intended to or shall impair the obligations of any Company or any other Grantor or any Guarantor, which are absolute and unconditional, to pay the First Priority Claims and the Second Priority Claims as and
when the same shall become due and payable in accordance with their terms. 
 Section 10.14    Provisions
Solely to Define Relative Rights. Each party to this Agreement agrees and acknowledges that the provision in each Second Priority Security Document governed by Dutch law and Curacao law regarding the application of any proceeds received or
recovered by the Second Priority Agent pursuant to the enforcement of such documents, but only to the extent the enforcement concerns Collateral provided by such party, is amended and restated as follows as of the date of this Agreement: 

  
 32 

 Any amount received or recovered by the Pledgee pursuant to the enforcement of the Right of
Pledge shall be applied in accordance with the terms of the Senior Intercreditor Agreement (as defined in the Credit Agreement) and the Intercreditor Agreement). 

(Signatures appear on following pages) 

  
 33 

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

			
	GRANTORS:
	
	 MCDERMOTT INTERNATIONAL, INC.,
 a
Panamanian corporation

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	
	
	MCDERMOTT TECHNOLOGY (AMERICAS), INC.

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

 
			
	
	MCDERMOTT TECHNOLOGY (US), INC.

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	
	
	MCDERMOTT TECHNOLOGY, B.V.

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	
	
	GUARANTORS:
	
	[                                
]

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

 (Signatures continue on following pages) 

(Signature Page to Intercreditor Agreement – McDermott International, Inc.) 

 
			
	 FIRST PRIORITY AGENT:

	
	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as First Priority Agent

 
			
		
	 By:
	 	  

 
			
	 Name:
	 	
	 Title:
	 	

 
			
		
	 By:
	 	  

 
			
	 Name:
	 	
	 Title:
	 	

 (Signatures continue on following pages) 

(Signature Page to Intercreditor Agreement – McDermott International, Inc.) 

 
			
	SECOND PRIORITY AGENT
	
	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as Second Priority Agent

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

 (Signature Page to Intercreditor Agreement – McDermott International, Inc.)EX-10.2

 Exhibit 10.2 

Execution Version 

AMENDMENT NO. 1 TO LETTER OF CREDIT AGREEMENT 

This AMENDMENT NO. 1 TO LETTER OF CREDIT AGREEMENT (“Amendment”) entered into and effective as of October 21, 2019 (the
“Amendment No. 1 Effective Date”) is by and among McDermott Technology (Americas), Inc., a Delaware corporation (“MTA”), McDermott Technology (US), Inc. a Delaware corporation
(“MTUS”), McDermott Technology B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (“MTBV” and together with
MTA and MTUS, collectively the “Applicants”, each an “Applicant”), McDermott International, Inc. a Panamanian corporation (the “Parent”), the Participants party hereto (as defined in the Letter of
Credit Agreement (as defined below)) and the Guarantors (as defined in the Letter of Credit Agreement). 
 RECITALS 

A.    Whereas, reference is made to that certain Letter of Credit Agreement dated as of October 30, 2018 among the
Applicants, the Parent, the Participants and Issuers party thereto from time to time (“Participants”) and Barclays Bank PLC, as administrative agent (in such capacity, the “Administrative Agent”) (as amended,
restated, supplemented or otherwise modified from time to time, the “Letter of Credit Agreement”). 

B.    Whereas the Parent and the Applicants have requested that the Requisite Participants consent to certain amendments
as more fully set forth herein. 
 C.    Whereas, subject to the terms and conditions set forth herein, the parties
hereto wish to amend the Letter of Credit Agreement. 
 NOW THEREFORE, in consideration of the premises and the mutual covenants,
representations and warranties contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

1.    Defined Terms. As used in this Amendment, each of the terms defined in the opening paragraph and the
Recitals above shall have the meanings assigned to such terms therein. Each term defined in the Letter of Credit Agreement and used herein without definition shall have the meaning assigned to such term in the Letter of Credit Agreement (as amended
hereby), unless expressly provided to the contrary. 
 2.    Other Definitional Provisions. Article, Section,
Schedule, and Exhibit references are to Articles and Sections of and Schedules and Exhibits to this Amendment, unless otherwise specified. The words “hereof”, “herein”, and “hereunder” and words of similar import when
used in this Amendment shall refer to this Amendment as a whole and not to any particular provision of this Amendment. The term “including” means “including, without limitation,”. Paragraph headings have been inserted in this
Amendment as a matter of convenience for reference only and it is agreed that such paragraph headings are not a part of this Amendment and shall not be used in the interpretation of any provision of this Amendment. 

 3.    Amendments to Letter of Credit Agreement. Subject to
the satisfaction of the conditions set forth in Section 5 herein, the Letter of Credit Agreement shall be amended effective as of Amendment No. 1 Effective Date by deleting the stricken text (indicated textually in the same manner as
the following example: stricken text) and to add the double-underlined text (indicated textually in the same
manner as the following example: double-underlined text) as
set forth in the pages of the Letter of Credit Agreement attached as Exhibit A hereto. 

4.    Representations and Warranties. Each Credit Party represents and warrants that: 

(a)    after giving effect to this Amendment, all representations and warranties made by any Credit Party in the Letter of
Credit Agreement and the other Credit Documents that have no materiality or Material Adverse Effect qualification are true and correct in all material respects and the representations and warranties in the Letter of Credit Agreement and in the other
Credit Documents that have a materiality or Material Adverse Effect qualification are true and correct in all respects, in each case with the same effect as though made on and as of the Amendment No. 1 Effective Date or, to the extent such
representations and warranties expressly relate to an earlier date, as of such earlier date; 
 (b)    after giving
effect to this Amendment, no Default or Event of Default exists and is continuing as of the Amendment No. 1 Effective Date; 

(c)    the execution, delivery and performance of this Amendment are within the Applicants’, Guarantors’ and
Parent’s corporate, limited liability company, partnership or other organizational powers, as applicable, and have been duly authorized by appropriate organizational and governing action and proceedings; 

(d)    each person who is executing this Amendment on behalf of the Applicants, the Parent and each other Guarantor has
the full power, authority and legal right to do so, and this Amendment has been duly executed by such person and delivered to the Administrative Agent; and 

(e)    this Amendment is the legal, valid and binding obligation of each Credit Party, enforceable against such Credit
Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a
proceeding in equity or at law. 
 5.    Conditions to Effectiveness. This Amendment shall become effective as of
the Amendment No. 1 Effective Date and enforceable against the parties hereto upon the occurrence of the following conditions precedent: 

(a)    The Administrative Agent shall have received this Amendment, executed by each Applicant, the Parent, each Guarantor
and the Requisite Participants in such counterparts as shall be acceptable to the Administrative Agent. 
 (b)    The
representations and warranties of each Credit Party contained in this Amendment, the Letter of Credit Agreement and the other Loan Documents that have no 

  
 -2- 

 
materiality or Material Adverse Effect qualification shall be true and correct in all material respects and the representations and warranties set forth in this Amendment, the Letter of Credit
Agreement and in the other Loan Documents that have a materiality or Material Adverse Effect qualification shall be true and correct in all respects, in each case with the same effect as though made on and as of the Amendment No. 1 Effective
Date or, to the extent such representations and warranties expressly relate to an earlier date, as of such earlier date. 

(c)    After giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing as of
the Amendment No. 1 Effective Date. 
 (d)    There shall have been paid to the Administrative Agent, for the
account of the Administrative Agent, the Issuers and the Participants, as applicable, all retainers, fees and expenses (including the retainers, fees and expenses of the Administrative Agent’s counsel in each relevant jurisdiction to the extent
the Parent has received an invoice therefor) due and payable pursuant to Section 11.3 of the Letter of Credit Agreement or otherwise invoiced to be applied to amounts to become due and payable pursuant to Section 11.3 of the Letter of
Credit Agreement, whether in connection with this Amendment or otherwise, on or before the Amendment No. 1 Effective Date. 

(e)    The Administrative Agent shall have received an effective amendment, in form and substance satisfactory to each
Administrative Agent, in respect of the Credit Agreement, dated as of May 10, 2018 (as amended, supplemented, restated or otherwise modified from time to time, the “Credit Agreement”), by and among the Applicants, as borrowers,
the Parent, the lenders from time to time party thereto, Crédit Agricole Corporate and Investment Bank, as administrative agent for the Revolving Facility (as defined therein) and the LC Facility (as defined therein), and Barclays Bank PLC,
as administrative agent for the Term Facility (as defined therein), executed by each Applicant, the Guarantors and the requisite Participants party to the Credit Agreement. 

(f)    The Administrative Agent shall have received a copy of the Priming Credit Agreement, in form and substance
satisfactory to the Administrative Agent, executed by each Applicant party thereto, the Guarantors party thereto, and the financial institutions party thereto as lenders, and the “Effective Date” (as defined in such Priming Credit
Agreement) shall occur substantially simultaneously with the Amendment No. 1 Effective Date. 
 (g)    The
Administrative Agent shall have received the Closing Date Financial Statements (as defined in the Priming Credit Agreement) and the Projections (as defined in the Priming Credit Agreement). 

6.    [Reserved]. 

  
 -3- 

 7.    Reaffirmation of Credit Support. 

(a)    The Credit Parties acknowledge that on and as of the Amendment No. 1 Effective Date all Obligations are
payable without defense, offset, counterclaim or recoupment. Each of the Applicants and each Guarantor (collectively, the “Credit Support Parties”) has read this Amendment and consents to the terms hereof and further hereby confirms
and agrees that, notwithstanding the effectiveness of this Amendment, the obligations of such Credit Support Party under, and the Liens granted by such Credit Support Party as collateral security for the Indebtedness, obligations and liabilities
evidenced by the Letter of Credit Agreement and the other Credit Documents (as amended hereby) pursuant to, each of the Credit Documents (as amended hereby) to which such Credit Support Party is a party shall not be impaired, and each of the Credit
Documents (as amended hereby) to which such Credit Support Party is a party is, and shall continue to be, in full force and effect and are hereby confirmed and ratified in all respects. 

(b)    Each Credit Support Party (other than the Applicants) acknowledges and agrees that (i) notwithstanding the
conditions to effectiveness set forth in this Amendment, such Credit Support Party is not required by the terms of the Letter of Credit Agreement or any other Credit Document to consent to the amendments to the Letter of Credit Agreement effected
pursuant to this Amendment and (ii) nothing in the Letter of Credit Agreement (as amended hereby), this Amendment or any other Credit Document (as amended hereby) shall be deemed to require the consent of such Credit Support Party to any future
amendments to the Letter of Credit Agreement. 
 8.    Acknowledgments and Agreements. 

(a)    The Applicants do hereby adopt, ratify, and confirm the Letter of Credit Agreement, as amended hereby, and
acknowledge and each agree that the Letter of Credit Agreement, as amended hereby, is and remains in full force and effect, and each Applicant acknowledges and agrees that its liabilities and obligations under the Letter of Credit Agreement, as
amended hereby, and the other Credit Documents, are not impaired in any respect by this Amendment. 
 (b)    From and
after the Amendment No. 1 Effective Date, all references to the Letter of Credit Agreement and the Credit Documents shall mean the Letter of Credit Agreement and such Credit Documents as amended by this Amendment and the other documents
executed pursuant hereto. This Amendment is a Credit Document for the purposes of the provisions of the other Credit Documents. Without limiting the foregoing, any breach of representations, warranties, and covenants under this Amendment shall be a
Default or Event of Default, as applicable, under the Letter of Credit Agreement. 
 9.    Miscellaneous. 

(a)    Except as specifically modified by this Amendment, the Letter of Credit Agreement and the other Credit Documents
shall remain in full force and effect and are hereby ratified and confirmed. 

  
 -4- 

 (b)    The execution, delivery and performance of this Amendment shall
not constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of any Agent, Participant or Issuer under, the Letter of Credit Agreement or any of the other Credit Documents. 

(c)    The Participants party hereto hereby authorize and direct the Administrative Agent, in its capacity as such, to
execute and deliver the “Act of Parity Debtholders & Act of Secured Debtholders” in substantially the form attached hereto as Exhibit B hereto. 

10.    [Reserved]. 

11.    Counterparts. This Amendment may be executed in any number of counterparts and by different parties in
separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Signature pages may be detached from multiple separate counterparts and attached to
a single counterpart so that all signature pages are attached to the same document. Delivery of an executed counterpart of a signature page of this Amendment by telecopy or other electronic imaging means shall be effective as delivery of a manually
executed counterpart hereof. 
 12.    Successors and Assigns. This Amendment shall be binding upon and inure to
the benefit of the parties hereto and their respective successors and assigns permitted pursuant to the Letter of Credit Agreement; provided that, notwithstanding anything herein to the contrary, the parties hereto hereby agree that Barclays
Bank PLC, in its capacity as Administrative Agent, shall have rights as a third party beneficiary to the terms, conditions and provisions of this Amendment. 

13.    Severability. If any provision of this Amendment is held to be illegal, invalid or unenforceable,
(a) the legality, validity and enforceability of the remaining provisions of this Amendment 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. 
 14.    Governing Law. THIS AMENDMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES HERETO (INCLUDING THE SUBMISSION TO JURISDICTION IN SECTION 11.12 OF THE LETTER OF CREDIT AGREEMENT) SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE
STATE OF NEW YORK, WITHOUT REGARD TO ITS CONFLICTS OF LAWS PROVISIONS. 
 15.    Entire Agreement. THIS
AMENDMENT, THE LETTER OF CREDIT AGREEMENT AND THE OTHER CREDIT DOCUMENTS COLLECTIVELY REPRESENT THE FINAL AGREEMENT BY AND AMONG PARTICIPANTS, THE ADMINISTRATIVE AGENT AND APPLICANTS AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS,
OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTICIPANTS, THE ADMINISTRATIVE AGENT AND APPLICANTS. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN OR AMONG PARTICIPANTS, THE ADMINISTRATIVE AGENT AND APPLICANTS. 

  
 -5- 

 16.    Release. EACH OF THE PARENT, EACH APPLICANT AND THE
OTHER CREDIT PARTIES AND THEIR AFFILIATES ON BEHALF OF THEMSELVES AND THEIR FORMER AND CURRENT RELATED PARTIES AND EACH OF THEIR PREDECESSORS, ADMINISTRATIVE AGENT, EMPLOYEES, SUCCESSORS AND ASSIGNS (THE “RELEASING
PARTIES”) HEREBY ACKNOWLEDGES AND AGREES THAT IT DOES NOT HAVE ANY CLAIMS, DEMANDS, ACTIONS, CAUSES OF ACTION, DAMAGES, COSTS, EXPENSES, OR LIABILITIES WHATSOEVER, KNOWN OR UNKNOWN, ANTICIPATED OR UNANTICIPATED, SUSPECTED OR
UNSUSPECTED, FIXED, CONTINGENT, OR CONDITIONAL, AT LAW OR IN EQUITY, ORIGINATING IN WHOLE OR IN PART ON OR BEFORE THE AMENDMENT NO. 1 EFFECTIVE DATE IN CONNECTION WITH THE LETTER OF CREDIT AGREEMENT, COLLATERAL AGENCY AND INTERCREDITOR AGREEMENT OR
ANY CREDIT DOCUMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREUNDER, IRRESPECTIVE OF WHETHER ANY SUCH CLAIMS ARISE OUT OF CONTRACT, TORT, VIOLATION OF LAW OR REGULATIONS, OR OTHERWISE (EACH A “CAUSE OF
ACTION”) THAT CAN BE ASSERTED TO REDUCE OR ELIMINATE ALL OR ANY PART OF THE LIABILITY OF ANY APPLICANT TO REPAY OR ANY GUARANTOR TO GUARANTEE THE OBLIGATIONS AS PROVIDED IN THE LETTER OF CREDIT AGREEMENT AND THE OTHER CREDIT
DOCUMENTS OR TO SEEK AFFIRMATIVE RELIEF OR DAMAGES OF ANY KIND OR NATURE FROM ANY AGENT, ANY PARTICIPANT OR ANY ISSUER OR ANY OF THEIR RESPECTIVE CURRENT OR FORMER RELATED PARTIES AND EACH OF THEIR PREDECESSORS, ADMINISTRATIVE AGENT, EMPLOYEES,
SUCCESSORS AND ASSIGNS (COLLECTIVELY, THE “RELEASED PARTIES”). EACH OF THE RELEASING PARTIES HEREBY VOLUNTARILY AND KNOWINGLY, FOR VALUABLE CONSIDERATION RECEIVED, RELEASES AND FOREVER DISCHARGES THE
RELEASED PARTIES FROM ALL POSSIBLE CAUSES OF ACTION (AS DEFINED ABOVE) WHICH ANY OF THE RELEASING PARTIES MAY NOW HAVE AGAINST THE RELEASED PARTIES, IF ANY, INCLUDING, WITHOUT LIMITATION, THE EXERCISE OF ANY RIGHTS AND REMEDIES UNDER
THE LETTER OF CREDIT AGREEMENT OR OTHER CREDIT DOCUMENTS, AND NEGOTIATION AND EXECUTION OF THIS AMENDMENT.  

[SIGNATURES BEGIN ON NEXT PAGE] 

  
 -6- 

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

			
	 MCDERMOTT TECHNOLOGY (AMERICAS), INC.,

as Applicant

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Treasurer
	
	 MCDERMOTT TECHNOLOGY (US), INC.,
 as
Applicant

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Treasurer
	
	 MCDERMOTT TECHNOLOGY, B.V.,
 as
Applicant

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Attorney
	
	 MCDERMOTT INTERNATIONAL, INC.,
 as
Parent

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Vice President, Treasurer

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	 CB&I BRAZIL HOLDINGS, INC.

CB&I ENERGY SERVICES, LLC
 CB&I FABRICATION, LLC

CB&I GROUP INC.
 CB&I HOLDCO INTERNATIONAL, LLC

CB&I HOLDCO, LLC
 CB&I INTERNATIONAL, INC.

CB&I INTERNATIONAL, LLC
 CB&I LAKE CHARLES, L.L.C.

CB&I OFFSHORE SERVICES, INC.
 CB&I POWER INTERNATIONAL,
INC.
 CB&I POWER, LLC
 CB&I RIO GRANDE HOLDINGS,
L.L.C.
 CB&I RIO GRANDE VALLEY FABRICATION & MANUFACTURING, L.L.C.

CB&I WALKER LA, L.L.C.
 INTERNATIONAL CONSULTANTS, L.L.C.

J. RAY HOLDINGS, INC.
 MCDERMOTT, INC.

PIKE PROPERTIES II, INC.
 SHAW ENERGY SERVICES, INC.

SHAW FABRICATORS, INC.
 SHAW HOME LOUISIANA, LLC

SHAW JV HOLDINGS, L.L.C.
 SHAW MANAGED SERVICES, LLC

SHAW NUCLEAR ENERGY HOLDINGS (UK), INC.
 SHAW POWER DELIVERY
SYSTEMS, INC.
 SHAW POWER SERVICES, LLC
 SHAW PROCESS
FABRICATORS, INC.
 SHAW SERVICES, L.L.C.
 SHAW SSS FABRICATORS,
INC.

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Assistant Treasurer

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	 CATALYTIC DISTILLATION TECHNOLOGIES

CB&I INTERNATIONAL ONE, LLC
 CBI SERVICES, LLC

CHEMICAL RESEARCH AND LICENSING, LLC
 EDS EQUIPMENT COMPANY,
LLC
 LUMMUS CONSULTANTS INTERNATIONAL LLC
 S C WOODS,
L.L.C.
 SHAW FAR EAST SERVICES, LLC
 SHAW POWER SERVICES GROUP,
L.L.C.
 CB&I STORAGE TANK SOLUTIONS LLC
 CB&I STS
DELAWARE LLC
 CB&I STS HOLDINGS LLC
 CBI COMPANY LTD.

CSA TRADING COMPANY LTD.
 OCEANIC CONTRACTORS, INC.

SHAW NC COMPANY, INC.

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorized Person

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	 SHAW BENECO, INC.
 SHAW
INTERNATIONAL MANAGEMENT SERVICES TWO, INC.
 SHAW MANAGEMENT SERVICES ONE, INC.

SHAW POWER TECHNOLOGIES, INC.
 SHAW TRANSMISSION &
DISTRIBUTION SERVICES, INC.

		
	By:	 	 /s/ Mark Coscio

	Name:	 	Mark Coscio
	Title:	 	President

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	 HYDRO MARINE SERVICES, INC.
 J.
RAY MCDERMOTT INTERNATIONAL, INC.
 J. RAY MCDERMOTT, S.A.

MCDERMOTT (AMAZON CHARTERING), INC.
 MCDERMOTT GULF OPERATING
COMPANY, INC.
 MCDERMOTT INTERNATIONAL MANAGEMENT, S. DE RL.

MCDERMOTT INTERNATIONAL TRADING CO., INC.
 MCDERMOTT INTERNATIONAL
VESSELS, INC.
 J. RAY MCDERMOTT FAR EAST, INC.
 J. RAY
MCDERMOTT UNDERWATER SERVICES, INC.
 MCDERMOTT CASPIAN CONTRACTORS, INC.

MCDERMOTT INTERNATIONAL INVESTMENTS CO., INC.
 MCDERMOTT MIDDLE
EAST, INC.
 MCDERMOTT OLD JV OFFICE, INC.
 MCDERMOTT OVERSEAS,
INC.
 MCDERMOTT SUBSEA, INC.
 EASTERN MARINE SERVICES, INC.

MCDERMOTT OFFSHORE SERVICES COMPANY, INC.
 NORTH ATLANTIC VESSEL,
INC.

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Treasurer
	
	CBI PANAMA, S.A.
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorized Person

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	Executed as a Deed by
	CB&I MIDDLE EAST HOLDING, INC.
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Treasurer
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed as a Deed by
	ENVIRONMENTAL SOLUTIONS (CAYMAN) LTD.
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Treasurer
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	Executed as a Deed by
	ENVIRONMENTAL SOLUTIONS HOLDING LTD.
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Treasurer
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed as a Deed by
	ENVIRONMENTAL SOLUTIONS LTD.
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorized Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed as a Deed by
	HIGHLAND TRADING COMPANY, LTD.
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorized Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	Executed as a Deed by
	OASIS SUPPLY COMPANY, LTD.
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorized Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed as a Deed by
	SHAW E & I INTERNATIONAL LTD.
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Treasurer
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed as a Deed by
	SHAW OVERSEAS (MIDDLE EAST) LTD.
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Treasurer
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	Executed as a Deed by
	J. RAY MCDERMOTT INTERNATIONAL VESSELS, LTD.
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Assistant Treasurer
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed as a Deed by
	MCDERMOTT CAYMAN LTD.
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Assistant Treasurer
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed as a Deed by
	OFFSHORE PIPELINES INTERNATIONAL, LTD.
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Assistant Treasurer
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	J. RAY MCDERMOTT (NORWAY), AS
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Treasurer

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	 CB&I CANADA LTD.
 HORTON CBI,
LIMITED
 LUTECH RESOURCES CANADA LTD.

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorized Person

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	 MCDERMOTT TECHNOLOGY, B.V.

CB&I COJAFEX B.V.
 CB&I EUROPE B.V.

CB&I HOLDINGS B.V.
 CB&I POWER COMPANY B.V.

CB&I RUSLAND B.V.
 CBI COMPANY B.V.

CBI COMPANY TWO B.V.
 CHICAGO BRIDGE & IRON COMPANY
B.V.
 COMET II B.V.
 LEALAND FINANCE COMPANY B.V.

LUMMUS TECHNOLOGY B.V.
 LUTECH PROJECT SOLUTIONS B.V.

LUTECH PROJECTS B.V.
 MCDERMOTT TECHNOLOGY (2), B.V.

MCDERMOTT TECHNOLOGY (3), B.V.
 NETHERLANDS OPERATING COMPANY
B.V.

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Attorney

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	NOVOLEN TECHNOLOGY HOLDINGS C.V.
	By:	 	 McDermott Technology (3), B.V., acting in its capacity as general partner

 
 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Attorney

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
	
	 Executed by J. RAY MCDERMOTT (AUST.) HOLDING PTY. LIMITED. ACN 002 797 668 by its Treasurer under power of attorney which the
Treasurer has received no notice of the revocation of the power:
  
 /s/ Kevin
Hargrove

	  

	
	Signature of Treasurer
	
	Kevin Hargrove
                                         
             
	Name of Treasurer (print)
	
	 Executed by MCDERMOTT AUSTRALIA PTY. LTD. ACN 002 736 352 by its Treasurer under power of attorney which the Treasurer has received
no notice of the revocation of the power:
  
 /s/ Kevin Hargrove

	  

	
	Signature of Treasurer
	
	Kevin Hargrove
                                         
             
	Name of Treasurer (print)

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
	
	 Executed by CBI CONSTRUCTORS PTY LTD ACN 000 612 411 by its Treasurer under power of attorney which the Treasurer has received no
notice of the revocation of the power:
  
 /s/ Kevin Hargrove

	  

	
	Signature of attorney
	
	Kevin Hargrove
                                         
             
	Name of Treasurer (print)

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	 CHICAGO BRIDGE & IRON (ANTILLES) N.V.

MCDERMOTT INTERNATIONAL MARINE INVESTMENTS N.V.
 MCDERMOTT
OVERSEAS INVESTMENT CO. N.V.
 VARSY INTERNATIONAL N.V.

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Attorney

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

			
	SIGNED AND DELIVERED for and on behalf of and as the deed of CB & I FINANCE COMPANY LIMITED by its lawfully appointed attorney	  	
		
	 KEVIN
HARGROVE                    
  

in the presence of:
  

(Signature of Witness):
 /s/ Ryan McNulty

 
 (Name of Witness): Ryan McNulty

 
 (Address of Witness): Kirkland & Ellis,
609 Main St., Houston, TX 77002
  
 (Occupation of Witness):
Associate
	  	 /s/ Kevin Hargrove
  

Attorney

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	Executed and Delivered as a Deed by
	AITON & CO LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed and Delivered as a Deed by
	CB&I CONSTRUCTORS LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed and Delivered as a Deed by
	CB&I GROUP UK HOLDINGS
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	Executed and Delivered as a Deed by
	CB&I HOLDINGS (UK) LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed and Delivered as a Deed by
	CB&I LONDON
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed and Delivered as a Deed by
	CB&I PADDINGTON LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	Executed and Delivered as a Deed by
	CB&I POWER LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed and Delivered as a Deed by
	CB&I UK LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed and Delivered as a Deed by
	CBI UK CAYMAN ACQUISITION LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	Executed and Delivered as a Deed by
	LUMMUS CONSULTANTS INTERNATIONAL LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed and Delivered as a Deed by
	LUTECH RESOURCES LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed and Delivered as a Deed by
	OXFORD METAL SUPPLY LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	Executed and Delivered as a Deed by
	PIPEWORK ENGINEERING AND DEVELOPMENTS LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed and Delivered as a Deed by
	SHAW DUNN LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	Executed and Delivered as a Deed by
	SHAW GROUP UK LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed and Delivered as a Deed by
	WHESSOE PIPING SYSTEMS LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	Executed and Delivered as a Deed by
	MCDERMOTT HOLDINGS (U.K.) LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorised Person
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate
	
	Executed and Delivered as a Deed by
	MCDERMOTT MARINE CONSTRUCTION LIMITED
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Treasurer
	
	Witnessed
		
	By:	 	 /s/ Ryan McNulty

	Name:	 	Ryan McNulty
	Title:	 	Associate

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	CBI EASTERN ANSTALT
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorized Person

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	 J. RAY MCDERMOTT DE MEXICO, S.A. DE C.V.

MCDERMOTT MARINE MEXICO, S.A. DE C.V.
 SERVICIOS DE FABRICACION DE
ALTAMIRA, S.A. DE C.V.
 SERVICIOS PROFESIONALES DE ALTAMIRA, S.A. DE C.V.

CB&I MATAMOROS, S. DE R. L. DE C.V..

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Assistant Treasurer
	
	CHICAGO BRIDGE DE MEXICO, S.A. DE C.V.
		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorized Person

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	 CB&I NEDERLAND B.V.
 CB&I
OIL & GAS EUROPE B.V.
 LUMMUS TECHNOLOGY HEAT TRANSFER B.V.

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Attorney

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	 CHARTERING COMPANY (SINGAPORE) PTE. LTD

J. RAY MCDERMOTT (QINGDAO) PTE. LTD.
 MCDERMOTT ASIA PACIFIC PTE.
LTD.

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Assistant Treasurer
	
	 CHARTERING COMPANY (SINGAPORE) PTE. LTD

J. RAY MCDERMOTT (QINGDAO) PTE. LTD.
 MCDERMOTT ASIA PACIFIC PTE.
LTD.

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Authorized Person

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

			
	 CB&I EL DORADO, INC.
 CB&I LLC

CHICAGO BRIDGE & IRON COMPANY
 J. RAY MCDERMOTT
TECHNOLOGY, INC.
 LUMMUS GASIFICATION
 TECHNOLOGY LICENSING
LLC
 MCDERMOTT BLACKBIRD HOLDINGS, LLC
 MCDERMOTT INVESTMENTS,
LLC
 OPI VESSELS, INC.
 850 PINE STREET LLC

A & B BUILDERS, LTD.
 ASIA PACIFIC SUPPLY CO.

ATLANTIC CONTINGENCY
CONSTRUCTORS II, LLC
 ATLANTIS CONTRACTORS
INC.
 CB&I CLEARFIELD, INC.
 CB&I CONNECTICUT, INC.

CB&I FINANCIAL RESOURCES LLC
 CB&I GLOBAL, L.L.C.

CB&I HOUSTON 06 LLC
 CB&I HOUSTON 07 LLC

CB&I HOUSTON 08 LLC
 CB&I HOUSTON 09 LLC

CB&I HOUSTON 10 LLC
 CB&I HOUSTON 11 LLC

CB&I HOUSTON 12 LLC
 CB&I HOUSTON 13 LLC

CB&I HOUSTON LLC
 CB&I TYLER LLC

CBI AMERICAS LTD.
 CBI OVERSEAS (FAR EAST) INC.

CBI US HOLDING COMPANY INC.
 CENTRAL TRADING COMPANY LTD.

HBI HOLDINGS, LLC
 CB&I LAURENS, INC.

CB&I NORTH CAROLINA, INC.
 CHICAGO BRIDGE & IRON
COMPANY (DELAWARE)
	  	 CBI HOLDCO TWO INC.
 CHICAGO BRIDGE &
IRON COMPANY (NETHERLANDS), LLC
 CONSTRUCTORS INTERNATIONAL, L.L.C.

HOWE-BAKER ENGINEERS, LTD.
 HOWE-BAKER HOLDINGS, L.L.C.

HOWE-BAKER INTERNATIONAL
MANAGEMENT, LLC
 HOWE-BAKER
INTERNATIONAL, L.L.C.
 HOWE-BAKER MANAGEMENT, L.L.C.
 J. RAY
MCDERMOTT SOLUTIONS, INC.
 LUMMUS TECHNOLOGY INTERNATIONAL LLC

LUMMUS TECHNOLOGY LLC
 LUMMUS TECHNOLOGY OVERSEAS LLC

LUMMUS TECHNOLOGY SERVICES LLC
 LUMMUS TECHNOLOGY VENTURES LLC

MATRIX ENGINEERING, LTD.
 MATRIX MANAGEMENT SERVICES, LLC

MCDERMOTT ENGINEERING, LLC
 MCDERMOTT SUBSEA ENGINEERING, INC.

NUCLEAR ENERGY HOLDINGS, L.L.C.
 PROSPECT INDUSTRIES (HOLDINGS)
INC.
 SHAW CONNEX, INC.
 SHAW INTERNATIONAL INC.

SHAW TRANSMISSION & DISTRIBUTION SERVICES INTERNATIONAL, INC.

SPARTEC, INC.
 TVL LENDER II, INC.

CB&I PROJECT SERVICES GROUP, LLC
 CBI OVERSEAS, LLC

LUTECH RESOURCES INC.

 

			
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Treasurer

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 

 
			
	 J. RAY MCDERMOTT HOLDINGS, LLC

MCDERMOTT FINANCE L.L.C.

		
	By:	 	 /s/ Kevin Hargrove

	Name:	 	Kevin Hargrove
	Title:	 	Vice President, Treasurer

 SIGNATURE PAGE TO AMENDMENT
NO. 1 OF LETTER OF CREDIT AGREEMENT 
  

					
	ADMINISTRATIVE AGENT:	 	BARCLAYS BANK PLC, as Administrative Agent
			
		 	By:	 	 /s/ Robert Silverman

		 	Name:	 	Robert Silverman
		 	Title:	 	Managing Director

 AMENDMENT NO. 1 TO LETTER OF CREDIT AGREEMENT SIGNATURE PAGE 

					
	PARTICIPANT:	 	BARCLAYS BANK PLC, as a Participant
			
		 	By:	 	 /s/ Robert Silverman

		 	Name:	 	Robert Silverman
		 	Title:	 	Managing Director

 AMENDMENT NO. 1 TO LETTER OF CREDIT AGREEMENT SIGNATURE PAGE 

					
	PARTICIPANT:	 	CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Participant
			
		 	By:	 	 /s/ Kathleen Sweeney

		 	Name:	 	Kathleen Sweeney
		 	Title:	 	Managing Director
			
		 	By:	 	 /s/ Yuriy A. Tsyganov

		 	Name:	 	Yuriy A. Tsyganov
		 	Title:	 	Director

 AMENDMENT NO. 1 TO LETTER OF CREDIT AGREEMENT SIGNATURE PAGE 

					
	PARTICIPANT:	 	ABN AMRO CAPITAL USA LLC, as a Participant
			
		 	By:	 	 /s/ Hugo Diogo

		 	Name:	 	Hugo Diogo
		 	Title:	 	
			
		 	By:	 	 /s/ Francis Ballard, Jr.

		 	Name:	 	Francis Ballard, Jr.
		 	Title:	 	Director

 AMENDMENT NO. 1 TO LETTER OF CREDIT AGREEMENT SIGNATURE PAGE 

					
	PARTICIPANT:	 	ROYAL BANK OF CANADA, as a Participant
			
		 	By:	 	 /s/ H. Christopher DeCotiis

		 	Name:	 	H. Christopher DeCotiis
		 	Title:	 	Authorized Signatory

 AMENDMENT NO. 1 TO LETTER OF CREDIT AGREEMENT SIGNATURE PAGE 

					
	PARTICIPANT:	 	Goldman Sachs Bank USA, as a Participant
			
		 	By:	 	 /s/ Jill Forehand

		 	Name:	 	Jill Forehand
		 	Title:	 	Authorized Signatory

 AMENDMENT NO. 1 TO LETTER OF CREDIT AGREEMENT SIGNATURE PAGE 

 EXHIBIT A 

[Attached] 

 Execution
VersionExhibit A to Amendment No. 1 to Letter of Credit Agreement 

LETTER OF CREDIT AGREEMENT 

Dated as of October 30, 2018 

among 

MCDERMOTT TECHNOLOGY (AMERICAS), INC., 

MCDERMOTT TECHNOLOGY (US), INC., 

and 

MCDERMOTT TECHNOLOGY, B.V., 

as Applicants 
 and

 MCDERMOTT INTERNATIONAL, INC., 

as Parent 
 and 

THE PARTICIPANTS AND ISSUERS PARTY HERETO 

and 

BARCLAYS BANK PLC, 

as Administrative Agent 

and 

BARCLAYS BANK PLC, 

and 

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT
BANK, 
 as Joint Lead Arrangers and Joint Lead Bookrunners 

and 
 BARCLAYS BANK PLC,

 CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, 

and 
 ABN AMRO CAPITAL USA
LLC, 
 as Co-Syndication Agents 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	PAGE	 
	 ARTICLE I
	 		  			
		
	
                   
         Definitions, Interpretation And Accounting Terms
	  	 	1	 
			
	             Section 1.1
	 	 Defined Terms
	  	 	1	 
	             Section 1.2
	 	 Computation of Time Periods
	  	 	4951	 
	             Section 1.3
	 	 Accounting Terms and Principles
	  	 	4951	 
	             Section 1.4
	 	 Certain Terms
	  	 	4952	 
	             Section 1.5
	 	 Dutch Terms
	  	 	5153	 
			
	 ARTICLE II
	 		  			
		
	
                   
         Letters of Credit
	  	 	5255	 
			
	             Section 2.1
	 	 [Reserved]
	  	 	5255	 
	             Section 2.2
	 	 [Reserved]
	  	 	5255	 
	             Section 2.3
	 	 [Reserved]
	  	 	5255	 
	             Section 2.4
	 	 [Reserved]
	  	 	5255	 
	             Section 2.5
	 	 Letters of Credit
	  	 	5255	 
	             Section 2.6
	 	 [Reserved]
	  	 	5357	 
	             Section 2.7
	 	 Letters of Credit Generally
	  	 	5357	 
	             Section 2.8
	 	 Reduction and Termination of the Commitments
	  	 	5962	 
	             Section 2.9
	 	 Repayment of Reimbursement Obligations
	  	 	5962	 
	             Section 2.10
	 	 Evidence of Debt
	  	 	5962	 
	             Section 2.11
	 	 [Reserved]
	  	 	6063	 
	             Section 2.12
	 	 Cash Collateralization
	  	 	6063	 
	             Section 2.13
	 	 Interest
	  	 	6063	 
	             Section 2.14
	 	 [Reserved]
	  	 	6164	 
	             Section 2.15
	 	 Fees
	  	 	6164	 
	             Section 2.16
	 	 Payments and Computations
	  	 	6266	 
	             Section 2.17
	 	 Special Provisions
	  	 	6468	 
	             Section 2.18
	 	 Capital Adequacy
	  	 	6569	 
	             Section 2.19
	 	 Taxes
	  	 	6669	 
	             Section 2.20
	 	 Substitution of Participants
	  	 	7174	 
	             Section 2.21
	 	 Mitigation
	  	 	7275	 
	             Section 2.22
	 	 Cash Collateral
	  	 	7275	 
	             Section 2.23
	 	 Defaulting Participants
	  	 	7376	 
	             Section 2.24
	 	 Incremental Facility Commitments
	  	 	7579¶	 
	
            Section 
2.25
	 	 Extension Offers
	  	 	81	 

  
 -i- 

 TABLE OF CONTENTS 

(CONTINUED) 
  

							
	 ARTICLE III
	 		  			
		
	
                   
         Conditions To Letters Of Credit
	  	 	7882	 
			
	             Section 3.1
	 	 Conditions Precedent to Effectiveness
	  	 	7882	 
	             Section 3.2
	 	 Conditions Precedent to Initial Utilization
	  	 	7882	 
	             Section 3.3
	 	 Conditions Precedent to Each Letter of Credit
	  	 	8285	 
			
	 ARTICLE IV
	 		  			
		
	
                   
         Representations and Warranties
	  	 	8286	 
			
	             Section 4.1
	 	 Corporate Existence; Compliance with Law
	  	 	8286	 
	             Section 4.2
	 	 Corporate Power; Authorization; Enforceable Obligations
	  	 	8386	 
	             Section 4.3
	 	 Ownership of Applicants; Subsidiaries
	  	 	8488	 
	             Section 4.4
	 	 Financial Statements
	  	 	8588	 
	             Section 4.5
	 	 Material Adverse Effect
	  	 	8589	 
	             Section 4.6
	 	 Solvency
	  	 	8689	 
	             Section 4.7
	 	 Litigation
	  	 	8689	 
	             Section 4.8
	 	 Taxes
	  	 	8689	 
	             Section 4.9
	 	 Full Disclosure
	  	 	8690	 
	             Section 4.10
	 	 Margin Regulations
	  	 	8790	 
	             Section 4.11
	 	 No Burdensome Restrictions; No Defaults
	  	 	8790	 
	             Section 4.12
	 	 Statutory Indebtedness Restrictions
	  	 	8791	 
	             Section 4.13
	 	 Use of Proceeds
	  	 	8791	 
	             Section 4.14
	 	 Insurance
	  	 	8891	 
	             Section 4.15
	 	 Labor Matters
	  	 	8891	 
	             Section 4.16
	 	 ERISA
	  	 	8892	 
	             Section 4.17
	 	 Environmental Matters
	  	 	9093	 
	             Section 4.18
	 	 Intellectual Property
	  	 	9094	 
	             Section 4.19
	 	 Title; Real Property
	  	 	9194	 
	             Section 4.20
	 	 Mortgaged Vessels
	  	 	9296	 
	             Section 4.21
	 	 Anti-Corruption Laws and Sanctions
	  	 	9296	 
	             Section 4.22
	 	 EEA Financial Institution
	  	 	9396	 
	             Section 4.23
	 	 Security Instruments
	  	 	9396	 
	             Section 4.24
	 	 Regulation H
	  	 	9397	 
	             Section 4.25
	 	 USA Patriot Act
	  	 	9497	 
	             Section 4.26
	 	 Beneficial Ownership Certification
	  	 	9497	 
			
	 ARTICLE V
	 		  			
		
	
                   
         Financial Covenants
	  	 	9497	 
			
	             Section 5.1
	 	 Fixed Charge Coverage Ratio
	  	 	9498	 
	             Section 5.2
	 	 Leverage Ratio
	  	 	9498	 

	             Section 5.3
	 	 Minimum Liquidity
	  	 	9498	 

  
 -ii- 

 TABLE OF CONTENTS 

(CONTINUED) 
  

							
	 ARTICLE VI
	 		  			
		
	
                   
         Reporting Covenants
	  	 	9599	 
			
	             Section 6.1
	 	 Financial Statements
	  	 	9599	 
	             Section 6.2
	 	 Collateral Reporting Requirements
	  	 	97101	 
	             Section 6.3
	 	 Default Notices
	  	 	98102	 
	             Section 6.4
	 	 Litigation
	  	 	99103	 
	             Section 6.5
	 	 Labor Relations
	  	 	99103	 
	             Section 6.6
	 	 Tax Returns
	  	 	99103	 
	             Section 6.7
	 	 Insurance
	  	 	99103	 
	             Section 6.8
	 	 ERISA Matters
	  	 	100103	 
	             Section 6.9
	 	 Environmental Matters
	  	 	100104	 
	             Section 6.10
	 	 Patriot Act Information
	  	 	100105	 
	             Section 6.11
	 	 Other Information
	  	 	101105	 
			
	 ARTICLE VII
	 		  			
		
	
                   
         Affirmative Covenants
	  	 	102106	 
			
	             Section 7.1
	 	 Preservation of Corporate Existence, Etc.
	  	 	102106	 
	             Section 7.2
	 	 Compliance with Laws, Etc.
	  	 	102106	 
	             Section 7.3
	 	 Conduct of Business
	  	 	102106	 
	             Section 7.4
	 	 Payment of Taxes, Etc.
	  	 	103107	 
	             Section 7.5
	 	 Maintenance of Insurance
	  	 	103107	 
	             Section 7.6
	 	 Access
	  	 	104108	 
	             Section 7.7
	 	 Keeping of Books
	  	 	104108	 
	             Section 7.8
	 	 Maintenance of Properties, Etc.
	  	 	104108	 
	             Section 7.9
	 	 Application of Proceeds
	  	 	105109	 
	             Section 7.10
	 	 Environmental
	  	 	105109	 
	             Section 7.11
	 	 Additional Collateral and Guaranties
	  	 	107111	 
	             Section 7.12
	 	 Real Property
	  	 	109113	 
	             Section 7.13
	 	 Undertaking with Respect to NO 105
	  	 	110114	 
	             Section 7.14
	 	 Additional Undertakings
	  	 	110114	 
	
            
Section 7.15
	 	 Maturity Date
Notice
	  	 	115	 
			
	 ARTICLE VIII
	 		  			
		
	
                   
         Negative Covenants
	  	 	111115	 
			
	             Section 8.1
	 	 Indebtedness
	  	 	111115	 
	             Section 8.2
	 	 Liens, Etc.
	  	 	113118	 
	             Section 8.3
	 	 Acquisitions
	  	 	116120	 
	             Section 8.4
	 	 Sale of Assets
	  	 	116121	 
	             Section 8.5
	 	 Restricted Payments
	  	 	118123	 
	             Section 8.6
	 	 Restriction on Fundamental Changes
	  	 	121126	 
	             Section 8.7
	 	 Change in Nature of Business
	  	 	122126	 

  
 -iii- 

 TABLE OF CONTENTS 

(CONTINUED) 
  

							
	             Section 8.8
	 	 Transactions with Affiliates
	  	 	122127	 
	             Section 8.9
	 	 Restrictions on Subsidiary Distributions; No New Negative Pledge
	  	 	122127	 
	             Section 8.10
	 	 Modification of Documents
	  	 	123128	 
	             Section 8.11
	 	 Accounting Changes; Fiscal Year
	  	 	123128	 
	             Section 8.12
	 	 Margin Regulations
	  	 	123128	 
	             Section 8.13
	 	 Sale/Leasebacks
	  	 	123128	 
	             Section 8.14
	 	 Capital Expenditures
	  	 	124128	 
	             Section 8.15
	 	 Cancellation of Indebtedness Owed to It
	  	 	124129	 
	             Section 8.16
	 	 No Speculative Transactions
	  	 	124129	 
	             Section 8.17
	 	 Post-Termination Benefits
	  	 	124129	 
	             Section 8.18
	 	 [Reserved]
	  	 	125129	 
	             Section 8.19
	 	 Vessel Flags
	  	 	125129	 
	             Section 8.20
	 	 Payments of Junior Priority Indebtedness
	  	 	125130	 
	             Section 8.21
	 	 Use of Proceeds
	  	 	126131	 
	
            
Section 8.22
	 	 Restrictions
Under the Priming Credit Agreement.
	  	 	131	 
			
	 ARTICLE IX
	 		  			
		
	
                   
         Events of Default
	  	 	126132	 
			
	             Section 9.1
	 	 Events of Default
	  	 	126132	 
	             Section 9.2
	 	 Remedies
	  	 	128134	 
	             Section 9.3
	 	 Actions in Respect of Letters of Credit
	  	 	129134	 
			
	 ARTICLE X
	 		  			
		
	
                   
         The Administrative Agent and Other Agents
	  	 	129135	 
			
	             Section 10.1
	 	 Authorization and Action
	  	 	129135	 
	             Section 10.2
	 	 Administrative Agent’s Reliance, Etc.
	  	 	131136	 
	             Section 10.3
	 	 The Agents Individually
	  	 	131137	 
	             Section 10.4
	 	 Participant Credit Decision
	  	 	132137	 
	             Section 10.5
	 	 Indemnification
	  	 	132137	 
	             Section 10.6
	 	 Successor Agents
	  	 	133138	 
	             Section 10.7
	 	 Concerning the Collateral and the Collateral Documents
	  	 	134140	 
	             Section 10.8
	 	 Collateral Matters Relating to Related Obligations
	  	 	136141	 
	             Section 10.9
	 	 Other Agents
	  	 	137142	 
	
            Section 10.10
	 	 Certain ERISA Matters
	  	 	137142	 
			
	 ARTICLE XI
	 		  			
		
	
                   
         Miscellaneous
	  	 	139144	 
			
	             Section 11.1
	 	 Amendments, Waivers, Etc.
	  	 	139144	 
	             Section 11.2
	 	 Assignments and Facility Participations
	  	 	142148	 
	             Section 11.3
	 	 Costs and Expenses
	  	 	147153	 

  
 -iv- 

 TABLE OF CONTENTS 

(CONTINUED) 
  

							
	            Section 11.4	 	 Indemnities
	  	 	149154	 
	            Section 11.5	 	 Limitation of Liability
	  	 	151157	 
	            Section 11.6	 	 Right of Set-off
	  	 	152157	 
	            Section 11.7	 	 Sharing of Payments, Etc.
	  	 	152158	 
	            Section 11.8	 	 Notices, Etc.
	  	 	153159	 
	            Section 11.9	 	 No Waiver; Remedies
	  	 	155161	 
	            Section 11.10	 	 Binding Effect
	  	 	156162	 
	            Section 11.11	 	 Governing Law
	  	 	156162	 
	            Section 11.12	 	 Submission to Jurisdiction; Service of Process
	  	 	156162	 
	            Section 11.13	 	 Waiver of Jury Trial
	  	 	157163	 
	            Section 11.14	 	 Marshaling; Payments Set Aside
	  	 	157163	 
	            Section 11.15	 	 Section Titles
	  	 	157163	 
	            Section 11.16	 	 Execution in Counterparts
	  	 	158163	 
	            Section 11.17	 	 Entire Agreement
	  	 	158164	 
	            Section 11.18	 	 Confidentiality
	  	 	158164	 
	            Section 11.19	 	 Judgment Currency
	  	 	159165	 
	            Section 11.20	 	 Severability
	  	 	159165	 
	            Section 11.21	 	 Acknowledgement and Consent to Bail-In of EEA Financial Institutions
	  	 	160165	 
	            Section 11.22	 	 Interest Rate Limitation
	  	 	160166	 
	            Section 11.23	 	 Obligations Joint and Several and Unconditional
	  	 	161166	 
	            Section 11.24	 	 Acknowledgment
Regarding any Supported QFCs
	  	 	167	 
			
	ARTICLE XII	 		  			
		
	                            Guaranty	  	 	168	 
			
	            Section 12.1	 	 The Guaranty
	  	 	168	 
	            Section 12.2	 	 Obligations Unconditional
	  	 	169	 
	            Section 12.3	 	 Reinstatement
	  	 	170	 
	            Section 12.4	 	 Certain Additional Waivers
	  	 	170	 
	            Section 12.5	 	 Remedies
	  	 	170	 
	            Section 12.6	 	 Guarantee of Payment; Continuing Guarantee
	  	 	164170	 

  
 -v- 

 TABLE OF CONTENTS 

(CONTINUED) 
  

 Schedules 

Schedule II(B) – Issuer Commitments 

Schedule III – Commitments 

Schedule V – Guarantors 

Schedule 1.1 – Joint Ventures 

Schedule 3.2(t) – Initial Utilization Date Deliverables 

Schedule 4.3 – Ownership of Subsidiaries 

Schedule 4.7 – Litigation 

Schedule 4.15 – Labor Matters 

Schedule 4.16(d) – ERISA Events 

Schedule 4.17 – Environmental Matters 

Schedule 4.19 – Real Property 

Schedule 8.1 – Existing Indebtedness 

Schedule 8.2 – Existing Liens 

Schedule 8.5 – Existing Investments 

Schedule 8.8 – Affiliate Agreements 

Schedule 8.19 – Permitted Flags 
 Exhibits

 Exhibit A – Form of Assignment and Acceptance 

Exhibit E – Form of Letter of Credit Request 

Exhibit H – Form of Compliance Certificate 

Exhibit I – Initial Utilization Date Certificate 

Exhibit J – Forms of Tax Certificates 

  
 -vi- 

 This Letter of Credit Agreement (this “Agreement”) dated as of
October 30, 2018 is among McDermott Technology (Americas), Inc., a Delaware corporation, McDermott Technology (US), Inc., a Delaware corporation and McDermott Technology, B.V., a private company with limited liability (besloten vennootschap
met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (each an “Applicant” and collectively the “Applicants”), McDermott International, Inc., a Panamanian corporation (the
“Parent”), the Participants (as defined below), the Issuers (as defined below), Barclays Bank PLC (“Barclays”), as administrative agent for the LC Facility (as defined below) (in such capacity, and together with its
successors pursuant to Section 10.6, the “Administrative Agent”). 
 The parties to this Agreement agree as
follows: 
 ARTICLE I 

DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS 

Section 1.1    Defined Terms 

As used in this Agreement, the following terms have the following meanings (such meanings to be equally applicable to both the singular and
plural forms of the terms defined): 
 “Acquisition” means, with respect to any Person, any transaction, or series of
related transactions (other than the Business Combination) by which such Person (a) acquires any ongoing business or all or substantially all of the assets of any Person or group of Persons, or division thereof constituting an ongoing business,
whether through purchase of assets, merger or otherwise or (b) directly or indirectly acquires (in one transaction or as the most recent transaction in a series of transactions) at least a majority (in number of votes) of the securities of a
corporation which have ordinary voting power for the election of directors (other than securities having such power only by reason of the happening of a contingency) or a majority (by percentage or voting power) of the outstanding ownership
interests of a partnership, limited liability company, or other entity that is not a corporation constituting an ongoing business; provided, however, that any acquisition of assets, equity securities or ownership interests of a Person
that is a Subsidiary of such Person prior to such acquisition shall not constitute an “Acquisition” hereunder. 

“Additional LC Capacity” has the meaning specified in the Existing Credit Agreement as of the date hereof, less (a) the
Commitments hereunder as of the date hereof and (b) any New Incremental Commitments established pursuant to Section 2.24(b) hereto. 

“Administrative Agent” has the meaning specified in the preamble to this Agreement. 

“Administrative Questionnaire” means
thean

Aa
dministrative
Qq
uestionnaire in a form supplied by the Administrative Agent. 

 “Affected Participant” has the meaning specified in
Section 2.20. 
 “Affiliate” means, with respect to any Person, any other Person, directly or indirectly,
controlling or that is controlled by or is under common control with such Person. The term “Affiliated” shall have a corresponding meaning. For the purposes of this definition, “control” means the possession of the
power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise. The terms “controlled” and “controlling” shall have
the meaning correlative thereto. 
 “Agency Fee Letter” means that certain Agency Fee Letter, dated as of the date hereof,
by and among Barclays, the Applicants and Parent. 
 “Agents” means each of the Administrative Agent, the Collateral Agent,
the Syndication Agents, the Arrangers and the Bookrunners. 
 “Agreement” has the meaning specified in the preamble to this
Agreement. 
 “Altamira Yard” means the property in the industrial development zone adjacent to the Altamira Port, with a
surface of 232,511.663 square meters and identified as Polygon 1 “D” (Polígono “D”), located in Altamira, State of Tamaulipas, Mexico. 

“Alternate Program” means any program providing for the sale or other disposition of trade or other receivables entered into
by the Parent or a Restricted Subsidiary of the Parent on terms customary for such financing transactions, the terms of which arrangement do not impose any recourse or repurchase obligations upon the Parent or any Restricted Subsidiary except for
reasonably customary representations, warranties, covenants and indemnities in connection therewith. 
 “Alternate Program
Indebtedness” means, as to any Person at any time, the liabilities of such Person under an Alternate Program that would be outstanding at such time thereunder if the same were structured as a secured lending arrangement rather than a
purchase and sale arrangement. 
 “Alternative Currency” means, at any time, AED, AUD, CAD, CZK, CNY, EUR, GBP, INR, JMD,
KWD, NOK, QAR, SAR, MXN, SGD, THB, or any other currency (other than Dollars) acceptable to the Administrative Agent in its sole discretion that at such time is readily available and freely transferable and convertible into Dollars. 

“Amazon” means the marine construction vessel with IMO number 9698094. 

“Amazon Entity” means McDermott (DLV 2000) Chartering, Inc., a Panamanian corporation. 

“Amazon Equipment” means (a) all equipment that (i) is located on the Amazon, (ii) was located on the Amazon
and has been removed for repair or storage or (iii) is not located on the Amazon but (A) is being kept for spare parts or replacements of other Amazon Equipment or (B) has been ordered or is under construction, including, in each

  
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case of this clause (a) and without limitation, all boilers, engines, machinery, masts, spars, boats, anchors, cables, chains, rigging, tackle, capstans, outfit, tools, cranes, pumps,
pumping equipment, apparel, furniture, fittings, pipelay, lifting, and construction equipment used or to be used in the operation of the Amazon, spare parts and all other appurtenances thereunto, (b) all fixtures that are located on the Amazon,
(c) all intangible property used solely in connection with the operation of the Amazon and (d) any charter, lease, or similar arrangement between the Parent or any Restricted Subsidiary and the owner or operator of the Amazon, together
with any guaranty by the Parent or any Restricted Subsidiary of the Parent in respect of any such charter, lease, or similar arrangement. 

“Amazon Permitted Debt” means any Indebtedness incurred by the Parent or any of its Subsidiaries to finance the acquisition,
improvement, construction, equipping, commissioning, charter and/or lease of the Amazon and/or the Amazon Equipment; provided that such Indebtedness does not exceed the cost of the acquisition, improvement, construction, equipping,
commissioning, charter and/or lease of the Amazon and/or the Amazon Equipment, as applicable.¶ 

“Amendment
No. 1 Effective Date” means October 21, 2019. 
 “Anti-Corruption Laws” means any laws, rules
or regulations applicable to the Parent or its Subsidiaries relating to bribery or corruption, including (a) the United States Foreign Corrupt Practices Act of 1977, as amended, (b) the United Kingdom Bribery Act of 2010, as amended, and
(c) any other similar law, rule or regulation in any jurisdiction applicable to the Parent or any of its Subsidiaries. 

“Anti-Money Laundering Laws” means any laws or regulations relating to money laundering or terrorist financing in any
jurisdiction applicable to the Parent or any of its Subsidiaries. 
 “Applicable LC Fee Rate” means, for any day, the rate
per annum set forth below opposite the applicable Level then in effect (based on the Leverage Ratio as reported in the most recent Compliance Certificate delivered to the Administrative Agent under Section 6.1(c) or, prior to the
delivery of the initial Compliance Certificate pursuant to Section 6.1(c), Pricing Level 1): 
  

							
	 Level
	  	Leverage Ratio	 	Applicable LC Fee Rate	 
	 1
	  	3 2.50:1.00	 	 	2.125	% 
	 2
	  	< 2.50:1.00 and 3 1.50:1.00	 	 	2.000	% 
	 3
	  	< 1.50:1.00	 	 	1.875	% 

  
 -3- 

 Any increase or decrease in the Applicable LC Fee Rate resulting from a change in the
Leverage Ratio shall become effective on the date a Compliance Certificate is received by the Administrative Agent pursuant to Section 6.1(c); provided, however, that if a Compliance Certificate is not delivered when due in
accordance with such Section, then Pricing Level 1 shall apply, in each case as of the date on which such Compliance Certificate was required to have been delivered and in each case shall remain in effect until the date on which such Compliance
Certificate is received by the Administrative Agent. 
 “Applicable Margin” means, for any day, the rate per annum
equal to 3.250%. Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Margin for any period shall be subject to the provisions of Section 2.13(e). 

“Applicable Office” means, with respect to each Participant, its Domestic Office. 

“Applicant” has the meaning specified in the preamble to this Agreement. 

“Approved Appraiser” means IHS Global Inc., Clarksons, Fearnley or another firm selected by the Parent and approved by the
Collateral Agent. 
 “Approved Fund” means, with respect to an Applicant, any Fund that is advised or managed by
(a) such Participant, (b) an Affiliate of such Participant or (c) an entity or Affiliate of an entity that administers or manages such Participants. 

“Arranger” means each of Barclays and CA CIB, as a joint lead arranger for the credit facilities evidenced by this Agreement.

 “Asset Sale” has the meaning specified in Section 8.4. 

“Assignment and Acceptance” means an assignment and acceptance entered into by a Participant and an Eligible Assignee in
substantially the form of Exhibit A or any other form approved by the Administrative Agent. 
 “Authorized Officer”
means any Responsible Officer or any other Person designated as an “Authorized Officer” or “Authorized Person” of a Credit Party by prior written notice from such Credit Party to the Administrative Agent, including, without
limitation, pursuant to any certificate delivered pursuant to Section 3.2. 
 “Auto-Renewal LC” has the meaning
set forth in Section 2.7(b).¶ 

“Available Amount” means
an amount equal to the sum of (a) 100% of Retained Excess Cash Flow (as defined in the Existing Credit Agreement as of the date hereof); plus (b) the sum of (i) the cumulative amount of cash and Cash
Equivalent proceeds received by the Parent from the sale of Stock (other than Disqualified Stock) of the Parent since May 10, 2018 (including the exercise of warrants or options) and (ii) the Fair Market Value of assets or property
received by the Parent as a contribution to its equity capital since May 10, 2018. 

  
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 “Available Floating LC Amount” means, at any time, (a) an amount equal
to the Additional LC Capacity, less (b) the aggregate amount of obligations secured by Liens permitted under Section 8.2(q). 

“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. 
 “Base Rate” means, for any period, a fluctuating interest rate per annum as shall be in effect from
time to time, which rate per annum shall be equal to the greatest of the following: 
 (a) the Prime Rate then in effect; 

(b) 0.5% per annum plus the Federal Funds Rate then in effect; and 

(c) 1.0% per annum plus the Eurodollar Rate for an interest period of one month. 

If the Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable to
ascertain the Federal Funds Rate or the Eurodollar Rate for any reason, including the inability of the Administrative Agent to obtain sufficient quotations in accordance with the terms of the definition thereof, the “Base Rate”
shall be determined without regard to clause (b) or (c), as applicable, above until the circumstances giving rise to such inability no longer exist; provided that at no time will the Base Rate be deemed to be less than 0%
per annum. Any change in the Base Rate due to a change in the Eurodollar Rate, the Federal Funds Rate or the Prime Rate shall be effective on the effective date of such change in the Eurodollar Rate, the Federal Funds Rate or the Prime Rate,
respectively. 
 “Beaumont Facility” means the real and personal property more particularly described as the
“Property” and the 74.091 acre tract identified as Tract No. 1 in that certain Special Warranty Deed dated effective August 3, 2007, from Trinity Industries, Inc., as Grantor thereunder to 850 Pine Street, Inc., as Grantee thereunder,
recorded as Instrument Number 2007030857 in the Official Public Records of Jefferson County, Texas. 
 “Beneficial Ownership
Certification” has the meaning specified in Section 3.2(j). 
 “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 Section 4975 of the Code or (c) any Person whose assets include (for purposes of 29 CFR §
2510.3-101, as modified by Section 3(42) of ERISA 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”. 

  
 -5- 

 “Bookrunner” means each of Barclays and CA CIB, as a joint bookrunner for
the credit facilities evidenced by this Agreement. 
 “Business Combination” means the business combination transactions
and the other related transactions of the Parent and the other entities party thereto, consummated or to be consummated pursuant to the Business Combination Agreement. 

“Business Combination Agreement” means the Business Combination Agreement, dated as of December 18, 2017, as amended,
supplemented or otherwise modified prior to May 10, 2018, and as the same may be further amended, supplemented or otherwise modified from time to time on or after May 10, 2018 in accordance with this Agreement (together with the schedules
and exhibits thereto), among the Parent, McDermott Technology, B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands, McDermott Technology
(Americas), Inc. (formerly known as McDermott Technology (Americas), LLC), a Delaware corporation and a wholly owned subsidiary of the Parent, CBI, McDermott Technology (US), Inc. (formerly known as McDermott Technology (US), LLC), a Delaware
corporation and a wholly owned subsidiary of the Parent, Comet I B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands, Comet II B.V., a private
company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands, CB&I Oil & Gas Europe B.V., a private company with limited liability (besloten vennootschap
met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands, CB&I Group UK Holdings, a private limited company incorporated in and registered in England and Wales, CB&I Nederland B.V., a private company with limited
liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands, and The Shaw Group, Inc., a Louisiana corporation. 

“Business Day” means a day of the year on which banks are not required or authorized to close in New York City or London.

 “CA CIB” means Crédit Agricole Corporate and Investment Bank. 

“Capital Expenditures” means, with respect to any Person for any period: 

(a) the aggregate of amounts that would be reflected as additions to property, plant or equipment on a consolidated balance sheet of such
Person and its Subsidiaries prepared in conformity with GAAP, excluding interest capitalized during construction; minus 
 (b) the
aggregate of such amounts used to acquire assets useful in the Parent’s and its Restricted Subsidiaries’ business to the extent such amounts arose from a sale or disposition of equipment described in Section 8.4(c); 

  
 -6- 

 excluding, however, in the case of the above clause (a), (i) such amounts to the
extent financed with the proceeds of Indebtedness permitted to be incurred under Section 8.1(d), (l) or (t), (ii) such amounts to the extent financed with insurance or condemnation proceeds received with respect
to loss of, damage to or taking of property of the Parent or any of its Subsidiaries, (iii) such amounts that are capitalized and are relating to asset retirement obligations, and (iv) such amounts recovered or recoverable in the price of
a contract with a customer of the Parent or a Restricted Subsidiary. 
 “Capital Lease” means, with respect to any Person,
any lease of (or other arrangement conveying the right to use) property by such Person as lessee that would be accounted for as a capital lease on a balance sheet of such Person prepared in conformity with GAAP. Notwithstanding the foregoing, any
lease that would have been accounted for as an operating lease on a balance sheet of such Person prepared in conformity with GAAP as in effect on December 31, 2017 shall be deemed not to be a Capital Lease. 

“Capital Lease Obligations” means, with respect to any Person, the capitalized amount of all obligations of such Person or
any of its Restricted Subsidiaries under Capital Leases, as determined on a consolidated basis in conformity with GAAP. 
 “Captive
Insurance Subsidiary” means each captive insurance company that is a Subsidiary of the Parent. As of the Initial Utilization Date, the only Captive Insurance Subsidiaries are (a) Boudin Insurance Company, Ltd., a Bermuda corporation,
(b) Woodlands International Insurance Ltd, an Irish corporation and, and (c) Lone Star Risk Corporation, a Texas corporation. 

“Cash Collateral Account” means any blocked cash collateral account pledged by any Applicant to the Collateral Agent for the
benefit of any Issuer and the Participants containing cash deposited pursuant to Section 2.7(b), 2.22, or 9.3 to be maintained at the Collateral Agent’s office. 

“Cash Equivalents” means: 

(a) securities issued or fully guaranteed or insured by the United States government or any agency thereof; 

(b) certificates of deposit, eurodollar time deposits, overnight bank deposits and bankers’ acceptances of (i) any commercial bank
organized under the laws of the United States, any state thereof, the District of Columbia, any foreign bank organized in a country belonging to the OECD, or any branch or agency of any of the foregoing, in each case if such bank has a minimum
rating at the time of investment of A-1+ by S&P or P-1 by Moody’s, or (ii) any Participant or any branch or agency of any Participant; 

(c) commercial paper with a minimum rating of A-1 or AAA by S&P or P-1 or Aaa by Moody’s at the time of acquisition thereof; 

(d) demand deposit accounts; 

  
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 (e)(i) shares of any money market fund that has net assets of not less than $500,000,000.00
and satisfies the requirements of rule 2a-7 under the Investment Company Act of 1940 and (ii) shares of any offshore money market fund that has net assets of not less than $500,000,000.00 and a $1 net asset mandate; 

(f) fully collateralized repurchase agreements; and 

(g) other investments permitted by the McDermott International Investments Co., Inc. Enhanced Liquidity Portfolio Guidelines dated as of
July 21, 2008 (as amended and delivered to the Administrative Agent prior to the Effective Date and as may be otherwise amended from time to time in a manner reasonably satisfactory to the Administrative Agent (provided that the foregoing
restriction on amendments shall only be in respect of the inclusion of Cash Equivalents pursuant to this clause (g) and shall not be deemed to be a restriction on any amendment thereto)), or any other cash management guidelines approved
by the Parent and the Administrative Agent; 
 provided, however, that the maturities of all obligations of the type described
in clauses (a), (b) and (c) above shall not exceed one year from the date of acquisition thereof. 

“CBI” means Chicago Bridge & Iron Company N.V., a public company (naamloze vennootschap) incorporated under
the laws of the Netherlands. 
 “Change in Law” means the occurrence, after the Effective 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 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 notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer
Protection Act and all requests, rules, regulations, 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 United States or foreign regulatory agencies, in each case, pursuant to Basel III or CRR, shall in each case be deemed to be a “Change in Law”, regardless of the
date enacted, adopted or issued. 
 “Change of Control” means any of the following: 

(a) any “person” or “group” (within the meaning of Rule 13d-5 of the Securities Exchange Act of 1934 as in effect on the
date hereof) (excluding the Parent and its Subsidiaries and excluding underwriters in the course of their distribution of Voting Stock in an underwritten registered public offering provided such underwriters shall not hold such Stock for longer than
five Business Days) (i) shall own directly or indirectly, beneficially or of record, Stock representing more than 40% of either the aggregate ordinary voting power or the aggregate equity value represented by the issued and outstanding Stock in
the Parent or (ii) shall have obtained the power (whether or not exercised) to elect a majority of the members of the board of directors of the Parent; 

  
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 (b) [Reserved]; or 

(c) the Parent shall cease to own and control, directly or indirectly, 100% of the issued and outstanding Voting Stock of any Applicant on a
fully diluted basis. 
 “Closing Date Financial Statements” means (a) (i) audited consolidated balance sheets of
the Parent as at the end of each of the 2015, 2016 and 2017 fiscal years, and related statements of operations, comprehensive income (loss), stockholders’ equity and cash flows of the Parent for each of the 2015, 2016 and 2017 fiscal years and
(ii) audited condensed consolidated balance sheets of CBI as at the end of each of the 2015, 2016 and 2017 fiscal years, and related condensed consolidated statements of comprehensive income (loss), shareholders’ equity and cash flows of
CBI for each of the 2015, 2016 and 2017 fiscal years and (b) (i) an unaudited consolidated balance sheet of the Parent as at the end of, and related statements of operations, comprehensive income (loss) and cash flows of the Parent for,
each fiscal quarter (and the corresponding quarter in the prior fiscal year), other than the fourth fiscal quarter of the Parent’s fiscal year, subsequent to the date of the most recent audited financial statements of the Parent and ended more
than 45 days prior to the Initial Utilization Date and (ii) an unaudited condensed consolidated balance sheet of CBI as at the end of, and related condensed consolidated statements of comprehensive income (loss) and cash flows of CBI for, each
fiscal quarter (and, in the case of the statement of income and cash flows, the corresponding quarter in the prior fiscal year), other than the fourth fiscal quarter of CBI’s fiscal year, subsequent to the date of the most recent audited
financial statements of the Parent and ended on or prior to March 31, 2018. 
 “Closing Leverage Ratio has the meaning
specified in the Existing Credit Agreement as of the date hereof. 
 “Code” means the Internal Revenue Code of 1986 (or any
successor legislation thereto). 
 “Collateral” means all property and interests in property and proceeds thereof now owned
or hereafter acquired by any Credit Party in or upon which a Lien is granted or purported to be granted under any Collateral Document. 

“Collateral Agency and Intercreditor Agreement” means that certain Collateral Agency and Intercreditor Agreement dated as of
May 10, 2018, by and among the Applicants, the Parent, the other “Grantors” party thereto from time to time, the Revolving and LC Administrative Agent (as defined in the Existing Credit Agreement), the Term Loan Administrative Agent
(as defined in the Existing Credit Agreement), the Collateral Agent, Lloyds as a Secured Debt Representative (as defined therein), the Administrative Agent (after giving effect to the Intercreditor Joinder set forth in Section 3.2) as a Secured
Debt Representative, and the other financial institutions from time to time party thereto. 
 “Collateral Agent” has the
meaning set forth in the Collateral Agency and Intercreditor Agreement. 

  
 -9- 

 “Collateral Documents” means the Pledge and Security Agreement, the
Mortgages, the Reaffirmation Agreement and any other document executed and delivered by a Credit Party granting, perfecting or reaffirming the grant or perfection of a Lien on any of its property to secure payment of the Obligations. 

“Commitment” means, with regard to each Participant, the commitment of such Participant to participate in Letters of Credit
in the aggregate face amount outstanding not to exceed the amount set forth opposite such Participant’s name on Schedule III or in the Assignment and Acceptance or Increase and Joinder Agreement, as applicable, pursuant to which such
Participant becomes a party hereto, as such amount may be adjusted from time to time pursuant to this Agreement. “Commitments” means the aggregate of such commitments for all Participants, and the aggregate amount of the Commitments
on the Initial Utilization Date is $230,000,000.00. 
 “Commitment Fee” has the meaning specified in
Section 2.15(b). 
 “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” has the meaning specified in
Section 6.1(c). 
 “Consolidated Net Income” means, for any period, the net income (or loss) of the Parent and
its Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP. 
 “Constituent
Documents” means, with respect to any Person, (a) the articles of incorporation, certificate of incorporation or certificate of formation (or the equivalent organizational documents) of such Person and (b) the by-laws, operating agreement or partnership agreement (or the equivalent governing documents) of such Person. 

“Contaminant” means any material, substance or waste that is classified, regulated or otherwise characterized under any
Environmental Law as hazardous, toxic, a contaminant or a pollutant or by other words of similar meaning or regulatory effect, including any petroleum or petroleum-derived substance or waste, asbestos and
polychlorinated biphenyls. 
 “Contingent Obligation” as applied to any Person, means any Contractual Obligation,
contingent or otherwise, of that Person with respect to any Indebtedness of another or other obligation or liability of another, including, without limitation, any such Indebtedness, obligation or liability of another directly or indirectly
guaranteed, endorsed (otherwise than for collection or deposit in the ordinary course of business), co-made or discounted or sold with recourse by that Person, or in respect of which that Person is otherwise directly or indirectly liable, including
Contractual Obligations (contingent or otherwise) arising through any agreement to purchase, repurchase, or otherwise acquire such Indebtedness, obligation or liability or any security therefor, or to provide funds for the payment or discharge
thereof (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, or 

  
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other financial condition of another Person, or to make payment on behalf of another Person other than for value received. The amount of any Contingent Obligation shall be equal to the present
value of (x) the portion of the stated or determinable obligation so guaranteed or otherwise supported, in the case of known obligations, and (y) the maximum reasonably anticipated liability of such Person in respect of the portion of the
obligation so guaranteed or otherwise supported assuming such Person is required to perform thereunder, in all other cases. 

“Contractual Obligation” of any Person means any obligation, agreement, undertaking or similar provision of any Security
issued by such Person or of any agreement, undertaking, contract, lease, indenture, mortgage, deed of trust or other instrument (excluding the Credit Documents) to which such Person is a party or by which it or any of its property is bound. 

“Convertible Indebtedness” means Indebtedness of Parent permitted to be incurred under the terms of this Agreement that is
either (a) convertible into shares of common stock of Parent (and cash in lieu of fractional shares) and/or cash (in an amount determined by reference to trading prices of such common stock) or (b) sold as units with call options, warrants
or rights to purchase (or similar derivate transactions) that are exercisable for shares of common stock of Parent and/or cash (in an amount determined by reference to trading prices of such common stock). 

“Credit Documents” means, collectively, this Agreement, the Guaranty Agreement, the Collateral Documents, each Intercreditor Agreement, the Agency Fee Letter, each fee
letter entered into by any Credit Party in connection with this Agreement, any agreement executed and delivered, or authorized, by any Credit Party creating or perfecting rights in cash collateral pursuant to this Agreement and each certificate,
agreement or document executed by a Credit Party and delivered to the Administrative Agent, the Collateral Agent or any Participant or Issuer in connection with or pursuant to any of the foregoing. 

“Credit Facility” has the meaning ascribed to the term “Facility” in the Existing Credit Agreement. 

“Credit Facility Agreement” means the Existing Credit Agreement as amended, refinanced, or replaced from time to time. 

“Credit Facility Documents” has the meaning ascribed to the term “Loan Documents” in the Credit Facility Agreement.

 “Credit Facility Obligations” means (a) Indebtedness and other Obligations (as defined in the Existing Credit
Agreement as in effect on the date hereof) that are permitted to be incurred within the limits under the Existing Credit Agreement as in effect on the date hereof, including any “Incremental Facility” as defined therein as of the date
hereof and any unutilized Commitments (as defined in the Existing Credit Agreement as in effect on the date hereof), and (b) without duplication, any Refinancing Indebtedness in respect thereof and any Obligations (as defined in the Credit
Facility Agreement) or other 

  
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equivalent term in the Credit Facility Agreement and Commitments (as defined in the Credit Facility Agreement) or other equivalent term in the Credit Facility Agreement that, together with such
Refinancing Indebtedness, do not in the aggregate exceed the aggregate amount in clause (a) of this definition. 
 “Credit
Party” means each Applicant and each Guarantor. 
 “CRR” means Regulation (EU) No 575/2013 of the European
Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012. 

“Customary Permitted Liens” means, with respect to any Person, any of the following Liens: 

(a) Liens with respect to the payment of Taxes, assessments or governmental charges, including any netting or set-off, arising as a result of
the existence of a fiscal unity (fiscale eenheid) for Dutch tax purposes, in each case that are not yet due or that are being contested in good faith by appropriate proceedings and with respect to which adequate reserves or other appropriate
provisions are being maintained to the extent required by GAAP and, in the case of any Collateral, there is no material risk of forfeiture of such property; 

(b) Liens of landlords arising by statute or lease contracts entered into in the ordinary course, inchoate, statutory or construction liens,
maritime liens and liens of suppliers, mechanics, carriers, materialmen, warehousemen, producers, operators or workmen and other liens imposed by law created in the ordinary course of business for amounts not yet due or that are being contested in
good faith by appropriate proceedings and with respect to which adequate reserves or other appropriate provisions are being maintained to the extent required by GAAP; 

(c) liens, pledges or deposits made in the ordinary course of business in connection with workers’ compensation, unemployment insurance
or other types of social security benefits, assessments, statutory obligations or other similar charges or to secure the performance of bids, tenders, sales, leases, contracts (other than for the repayment of borrowed money) or in connection with
surety, appeal, customs or performance bonds or other similar instruments; 
 (d) encumbrances arising by reason of zoning restrictions and
other restrictions on use imposed by any Governmental Authority, easements, licenses, reservations, covenants, rights-of-way, restrictions and other similar encumbrances on the Real Property, and minor defects in the chain of title, not materially
interfering with the ordinary conduct of the business conducted at such Real Property by the Parent or any of its Subsidiaries as currently used; 

(e) encumbrances arising under leases or subleases of, or other use or occupancy agreements for, the Real Property or to which such leases,
subleases or other occupancy agreements are subject, that do not, individually or in the aggregate, materially interfere with the ordinary conduct of the business conducted at such Real Property by the Parent or any of its Subsidiaries as currently
conducted; 

  
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 (f) Liens arising under any indenture or other instrument governing similar term
Indebtedness, in each case that is permitted pursuant to the terms of Section 8.1 hereof, to secure obligations in favor of the trustee, agent or representative under such indenture or other instrument; provided that such Liens
(i) are solely for the benefit of the trustees, agents or representatives in their capacities as such, (ii) do not secure indebtedness for borrowed money and (iii) are not for the benefit of the holders of or lenders under such
Indebtedness; 
 (g) liens, pledges or deposits relating to escrows established in connection with the purchase or sale of property
otherwise permitted hereunder and the amounts secured thereby shall not exceed the aggregate consideration in connection with such purchase or sale (whether established for an adjustment in purchase price or liabilities, to secure indemnities, or
otherwise); and 
 (h) bankers’ Liens, rights of setoff and other similar Liens existing solely with respect to cash and Cash
Equivalents on deposit in one or more accounts maintained by the Parent or any Restricted Subsidiary of the Parent, in each case granted in the ordinary course of business in favor of the bank or banks with which such accounts are maintained,
securing amounts owing to such bank with respect to cash management and operating account arrangements, including those involving pooled accounts and netting arrangements; provided that, unless such Liens are non-consensual and arise by
operation of law, in no case shall any such Liens secure (either directly or indirectly) the repayment of any Indebtedness. 

“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 that, with the passing of time or the giving of notice or both, would
become an Event of Default. 
 “Defaulting Participant” means, subject to Section 2.23(b), any Participant
that, as determined by the Administrative Agent: 
 (a) has failed to perform any of its funding obligations hereunder, including in respect
of its participations in respect of Letters of Credit, within three Business Days of the date required to be funded by it hereunder unless such Participant notifies the Administrative Agent and the Parent in writing that such failure is the result
of such Participant’s good faith determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied;

  
 -13- 

 (b) has notified the Parent, an Applicant, the Administrative Agent or any other Participant
that it does not intend to comply with its funding obligations hereunder or has made a public statement to that effect with respect to its funding obligations hereunder or generally under other agreements in which it commits to extend credit (unless
such writing or public statement relates to such Participant’s funding obligations hereunder and states that such position is based on such Participant’s good faith determination that a condition precedent to funding (which condition
precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied); 

(c) has failed, within three Business Days after delivery of a request in writing by the Administrative Agent, to confirm in a manner
satisfactory to the Administrative Agent that it will comply with its funding obligations hereunder; 
 (d) has, or has a direct or indirect
parent company that has, other than via an Undisclosed Administration, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or
similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, or (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or
appointment; or 
 (e) has, or has a direct or indirect parent company that has, become the subject of a Bail-In Action; 

provided that a Participant shall not be a Defaulting Participant solely by virtue of the ownership or acquisition of any equity interest in that
Participant or any direct or indirect parent company thereof by a Governmental Authority. 
 “Disqualified Institution” means (a) those banks, financial institutions and other institutional lenders separately identified in writing by
the Parent to each of Barclays and CA CIB prior to December 18, 2017 and (b) any competitors of the Parent or its subsidiaries that are operating companies, were separately identified in writing by the Parent to each of Barclays and CA CIB
prior to the Effective Date and are separately identified in writing to the Administrative Agent by the Parent from time to time on or after the Effective Date and all such competitors’ respective Affiliates that are clearly identifiable on the
basis of such Affiliate’s name (in each case other than bona fide debt funds that are Affiliates of competitors of the Parent or its respective Subsidiaries).Discharge of First Priority Claim” has the meaning set forth in the Senior Intercreditor Agreement. 
 “Disqualified Stock” means with respect to any Person, any Stock of such
Person that by its terms, or by the terms of any related agreement or of any security into which it is convertible or puttable or exchangeable (in each case, at the option of the holder thereof), is, or upon the happening of any event or the passage
of time would be, required to be redeemed by such Person at the option of the holder thereof, or matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is exchangeable for 

  
 -14- 

 
Indebtedness of such Person at the option of the holder
thereof in whole or in part, on or prior to the date which is 91 days after the Maturity
Date; provided, that any class of Stock of such Person that, by its terms, authorizes such Person to satisfy in full its obligations with respect to
the payment of dividends or upon maturity, redemption (pursuant to a sinking fund or otherwise) or repurchase thereof or otherwise by the delivery of Stock that is not Disqualified Stock, and that is not convertible, puttable or exchangeable for
Disqualified Stock or Indebtedness, will not be deemed to be Disqualified Stock so long as such Person satisfies its obligations with respect thereto solely by the delivery of Stock that is not Disqualified
Stock; provided, further that any Stock that would not constitute Disqualified Stock but for provisions thereof giving holders thereof (or the holders of any security into or for which such Stock is convertible,
exchangeable or exercisable) the right to require the such Person to repurchase or redeem such Stock upon the occurrence of a change in control or an Asset Sale occurring prior to the 91st day after the Maturity Date shall not constitute
Disqualified Stock if the change of control or Asset Sale provisions applicable to such Stock are no more favorable to such holders than any provision hereunder as to which such change of control or Asset Sale would result in an Event of Default or
mandatory prepayment hereunder, and such Stock specifically provides that the Parent will not repurchase or redeem any such Stock pursuant to such provisions of such Stock prior to the Applicants’ required payment resulting from any such Event
of Default or mandatory prepayment hereunder (other than any preferred stock of the Parent issued
and outstanding on the Amendment No. 1 Effective Date and any amendments thereto after the Amendment No. 1 Effective Date that does not add a mandatory redemption or right to exchange into Indebtedness of such Person at the option of the
holder thereof in whole or in part on or prior to the date that is 91 days after the Maturity Date). 

“Dollar Equivalent” means with respect to any Alternative Currency at the time of determination thereof, the equivalent of
such currency in Dollars determined by using the rate of exchange quoted by (a) in the case the payment and reimbursement of a drawing under a Letter of Credit issued in an Alternative Currency, the Issuer of such Letter of Credit and
(b) in all other cases Barclays in New York, New York at 11:00 a.m. (New York time) on the date of determination to prime banks in New York for the spot purchase in the New York foreign exchange market of such amount of Dollars with such
Alternative Currency. 
 “Dollars” and the sign “$” each mean the lawful money of the United States of
America. 
 “Domestic Office” means, with respect to any Participant, the office of such Participant specified as its
“Domestic Office” from time to time to the Parent and the Administrative Agent. 
 “Dutch Credit Party”
means any Credit Party which is incorporated or established in the Netherlands. 

  
 -15- 

 “EBITDA” means, for
the Fiscal Quarters ended September 30, 2017, and December 31, 2017, $349,300,000.00 and $257,800,000.00, respectively, for the Fiscal Quarter ended March 31, 2018,
$267,200,000.00, and for all other Fiscal Quartersany Fiscal Quarter: 
 (a) Consolidated Net Income for such period; plus 

(b) the sum of, in each case to the extent deducted in the calculation of such Consolidated Net Income, but without duplication: 

(i) any provision for income Taxes; 

(ii) Interest Expense; 

(iii) depreciation expense; 

(iv) amortization of intangibles or financing or acquisition
costs;¶ 

(v) any aggregate net loss from the sale, exchange or other disposition of any property, plant or equipment or any Stock of any
Restricted Subsidiary by the Parent or its Restricted Subsidiaries;
 (v) dry dock amortization expense;¶ 

(vii) [Reserved];  
 (vi) any fee or other expense (including expenses for counsels and advisors) of the Parent or any
Restricted Subsidiary relating to (a) the negotiation, preparation, execution and delivery of this Agreement and the other Credit Documents, or granting or perfecting any Lien purported to be granted thereunder (including expenses for counsels) or (b) the
Transactions, (b) the Transactions, and (c) transactions permitted hereunder, including any asset sales,
debt issuances, restructurings and reorganizations involving the Parent or any Restricted
Subsidiary;¶ 

(ix) any fee or other expense of the Parent or any Restricted
Subsidiary relating to Acquisitions or issuances of Indebtedness permitted under this Agreement (whether or not consummated).¶ 

(x) for any period from May 10, 2018 (or, in respect of
CBI and its Subsidiaries following the consummation of the Business Combination, for any period from April 1, 2018) through March 31, 2019, any charges for the Focus Four Projects during such Fiscal Quarter, except that such amount may not
exceed $75,000,000 in any Fiscal Quarter or $200,000,000 in the aggregate;¶ 

(xi) (A) for the first full Fiscal Quarter ending after
May 10, 2018, four times, (B) for the first two full Fiscal Quarters ending after May 10, 2018, two times, (C) for the first three full Fiscal Quarters ending after May 10, 2018, 4/3 times, and (D) for any other four
Fiscal Quarter period ending on or  

  
 -16- 

 
before June 30, 2019, any quantifiable and demonstrable ongoing costs savings resulting from the Business
Combination including but not limited to actual headcount reductions, contractually reduced lease or occupancy expense, reduced audit expenses, and reduced combined insurance expense during such period (and excluding, for the avoidance of
doubt, charges added back pursuant to clause (x)); 

(vii)(xii) each of the following to the extent it represents a non-cash charge or a
non-cash loss: (A) pension amortization expense and any loss related to pension obligations; (B) stock-based compensation expense; (C) impairment of plant, property, and equipment (other than net losses from sale), intangible assets
and goodwill; and (D) equity in losses of unconsolidated Affiliates;¶ 

(xiii) for any period from May 10, 2018
(or, in respect of CBI and its Subsidiaries following the consummation of the Business Combination, for any period from April 1, 2018) through the Fiscal Quarter ending June 30, 2019, any fee, expense or charge related to actions taken to
achieve the cost synergies; and¶(xiv) for any period from May 10, 2018 (or, in respect of CBI and its Subsidiaries following the consummation of the Business Combination, for any period from April 1, 2018) through the Fiscal Quarter
ending June 30, 2019, and¶

(viii) legal expense or settlements incurred not to exceed $175,000,000 in the
aggregatefor any four Fiscal Quarter
period; minus 
 (c) the sum of, in each case to the extent included in the
calculation of such Consolidated Net Income, but without duplication: 
 (i) any credit for income Tax; 

(ii) non-cash interest income; 

(iii) any other non-cash gains or income which have been added in determining Consolidated Net Income, including
(A) equity in income of nonconsolidated Affiliates and (B) any gain related to pension obligations; 
 (iv) the
income of any Restricted Subsidiary that is not a Guarantor to the extent that the declaration or payment of dividends or similar distributions or transfers or loans by such Restricted Subsidiary of that income is not at the time permitted by
operation of the terms of its charter or any agreement, instrument, judgment, decree, statute, rule or governmental regulation applicable to such Restricted Subsidiary; 

(v) [Rreserved]; 

(vi) the income of any Unrestricted Subsidiary or any Person (other than a Restricted Subsidiary) in which any other Person
(other than the Parent or a Wholly-Owned Restricted Subsidiary or any director or other Person holding 

  
 -17- 

 
qualifying shares in accordance with applicable law) has an interest, except without duplication, (A) to the extent of the amount of dividends or other distributions or transfers or loans
actually paid to the Parent or a Wholly-Owned Restricted Subsidiary by such Unrestricted Subsidiary or Person during such period and (B) in the case of Joint Ventures, equity in the earnings of the Joint Venture; and 

(vii) any aggregate net gains from the sale, exchange or other disposition of property, plant, or equipment or Stock of a
Subsidiary by the Parent or its Subsidiaries. 
 EBITDA for a consecutive four-quarter period shall be calculated after giving effect, on a pro forma basis,
to Acquisitions made by the Parent or its Restricted Subsidiaries during such period and the sale, exchange or other disposition of business units by the Parent or its Restricted Subsidiaries out of the ordinary course of business during such period
(and subsequent to such period and on or before the date of incurrence of the Indebtedness giving rise to the need to calculate the Leverage Ratio or the Secured
Leverage Ratio) as if such Acquisitions or sale, exchange or other disposition occurred on the first day of the period so long as the Parent provides to the Administrative Agent
reconciliations and other detailed information relating to adjustments to the relevant financial statements (including copies of financial statements of the Person or assets acquired in such Acquisition) used in computing EBITDA (and the relevant
elements thereof) sufficient to demonstrate such pro forma calculations in reasonable detail. For purposes of this paragraph, the Business Combination
shall be an “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 the parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or
(b) of this definition and is subject to consolidated supervision with its parent. 
 “EEA Member Country”
means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority”
means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” has the meaning set forth in Section 3.1. 

“Eligible Assignee” means (a) a Participant or any Affiliate of a Participant or an Approved Fund with respect to a
Participant, (b) a commercial bank having total assets in excess of $5,000,000,000.00, (c) a finance company, insurance company or any other financial institution or fund, in each case reasonably acceptable to the Administrative Agent and
regularly engaged in making, purchasing or investing in loans and having a net 

  
 -18- 

 
worth, determined in accordance with GAAP, in excess of $500,000,000.00 or, to the extent net worth is less than such amount, a finance company, insurance company, other financial institution or
fund, reasonably acceptable to the Administrative Agent, each Issuer and the Applicants (which consent shall, in each case, not be unreasonably withheld or delayed) or (d) a savings and loan association or savings bank organized under the laws
of the United States or any State thereof having a net worth, determined in accordance with GAAP, in excess of $250,000,000.00; provided that the term Eligible Assignee shall exclude any competitor of the Parent or any of its Subsidiaries
that is primarily engaged in an Eligible Line of Business and that has been specifically identified as such in writing by any Applicant to the Administrative Agent, which such exclusion shall not apply retroactively to exclude or disqualify any
parties that have previously acquired an assignment or participation interest in a Commitment or Obligations. 
 “Eligible Line of
Business” means the businesses and activities engaged in by the Parent and its Subsidiaries on the Effective Date, any other businesses or activities reasonably related or incidental thereto and any other businesses that, when taken
together with the existing businesses of the Parent and its Subsidiaries, are immaterial with respect to the assets and liabilities of the Parent and its Subsidiaries, taken as a whole. 

“Employee Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA which is or was
sponsored, maintained or contributed to by, or required to be contributed by, the Parent, any of its Subsidiaries, any Guarantor or any of their respective ERISA Affiliates. 

“Environmental Laws” means all applicable Requirements of Law now or hereafter in effect and as amended or supplemented from
time to time, relating to pollution or the regulation and protection of human health, safety, the environment or natural resources, including the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended (42 U.S.C.
§ 9601 et seq.); the Hazardous Material Transportation Act, as amended (49 U.S.C. § 1801 et seq.); the Federal Insecticide, Fungicide, and Rodenticide Act, as amended (7 U.S.C. § 136 et seq.); the Resource
Conservation and Recovery Act, as amended (42 U.S.C. § 6901 et seq.); the Toxic Substance Control Act, as amended (15 U.S.C. § 2601 et seq.); the Clean Air Act, as amended (42 U.S.C. § 7401 et seq.); the Federal
Water Pollution Control Act, as amended (33 U.S.C. § 1251 et seq.); the Occupational Safety and Health Act, as amended (29 U.S.C. § 651 et seq.); the Safe Drinking Water Act, as amended (42 U.S.C. § 300f et seq.);
the Oil Pollution Act of 1990; and each of their state and local counterparts or equivalents. 
 “Environmental Liabilities and
Costs” means, with respect to any Person, all liabilities, obligations, responsibilities, Remedial Actions, losses, damages, punitive damages, consequential damages, treble damages, costs and expenses (including all fees, disbursements and
expenses of counsel, experts and consultants and costs of investigation and feasibility studies), fines, penalties, sanctions and interest incurred as a result of any claim or demand by any other Person, whether based in contract, tort, implied or
express warranty, strict liability, criminal or civil statute and arising under any Environmental Law, Permit, order or agreement with any Governmental Authority or other Person, in each case relating to and resulting from the past, present or
future operations of, or ownership of property by, such Person or any of its Subsidiaries. 

  
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 “Environmental Lien” means any Lien in favor of any Governmental Authority
pursuant to any Environmental Law. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and
the rules and regulations promulgated thereunder. 
 “ERISA Affiliate” means any trade or business (whether or not
incorporated) under common control or treated as a single employer with the Parent, any of its Subsidiaries or any Guarantor within the meaning of Section 414(b), (c), (m) or (o) of the Code. Any former ERISA Affiliate of the Parent,
any of its Subsidiaries or any Guarantor shall continue to be considered an ERISA Affiliate of the Parent, such Subsidiary or such Guarantor within the meaning of this definition with respect to the period such entity was an ERISA Affiliate of the
Parent, such Subsidiary or such Guarantor and with respect to liabilities arising after such period for which the Parent, such Subsidiary or such Guarantor could be liable under the Code or ERISA. 

“ERISA Event” means (a) a reportable event described in Section 4043(b) or 4043(c) of ERISA with respect to a Title
IV Plan, (b) the withdrawal of the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate from a Title IV Plan subject to Section 4063 or Section 4064 of ERISA during a plan year in which any such entity was a
“substantial employer” (as defined in Section 4001(a)(2) of ERISA) or the termination of any such Title IV Plan resulting, in either case, in a material liability to any such entity, (c) the “complete or partial
withdrawal” (within the meaning of Sections 4203 and 4205 of ERISA) of the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate from any Multiemployer Plan where the Withdrawal Liability could reasonably be expected to exceed
$15,000,000.00 (individually or in the aggregate), (d) notice of reorganization, insolvency, intent to terminate or termination of a Multiemployer Plan is received by the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate,
(e) the filing of a notice of intent to terminate a Title IV Plan under Section 4041(c) of ERISA or the treatment of a plan amendment as a termination under Section 4041(e) of ERISA, where such termination constitutes a “distress
termination” under Section 4041(c) of ERISA, (f) the institution of proceedings to terminate a Title IV Plan by the PBGC, (g) the failure to make any required contribution to a Title IV Plan or Multiemployer Plan or to meet the
minimum funding standard of Section 412 of the Code (in either case, whether or not waived in accordance with Section 412(c) of the Code), (h) the determination that any Title IV Plan is in “at-risk status” (within the
meaning of Section 430 of the Code or Section 303 of ERISA) or that a Multiemployer Plan is in “endangered status”, “seriously endangered” or “critical status” (within the meaning of Section 432 of the
Code or Section 305 of ERISA), (i) any other event or condition that might reasonably be expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Title IV
Plan or Multiemployer Plan or the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, (j) the imposition of liability on the Parent, any of its Subsidiaries,
any Guarantor or any of their respective ERISA Affiliates pursuant to Section 

  
 -20- 

 
4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA, (k) the imposition of a Lien upon the Parent, any of its Subsidiaries, any Guarantor or any ERISA
Affiliate pursuant to Section 436(f) or Section 430(k) of the Code or Section 303(k) of ERISA, (l) the occurrence of an act or omission which could reasonably be expected to give rise to the imposition on the Parent, any
Applicant, any of their respective Subsidiaries, any Guarantor or any of their respective ERISA Affiliates of fines, penalties, Taxes or related charges under Chapter 43 of the Code or under Section 409, Section 502(c), (i) or (l), or
Section 4071 of ERISA in respect of any “employee pension plan” (within the meaning of Section 3(2) of ERISA) or (m) receipt from the IRS of notice of the failure of any employee pension plan that is intended to be qualified
under Section 401(a) of the Code to qualify under Section 401(a) of the Code, or the failure of any trust forming part of any such employee pension plan to qualify for exemption from taxation under Section 501(a) of the Code. 

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any
successor person), as in effect from time to time. 
 “Eurodollar Rate” means, for any interest period, a fluctuating rate
per annum equal to (x) the rate per annum determined by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Business Days prior to the beginning of such interest period to be the London
interbank offered rate for such interest period, as currently published on the applicable Reuters screen page (or such other commercially available source providing such quotation of such rate as may be designated by the Administrative Agent from
time to time) for a period equal to such interest period, or (y) if the rate in clause (x) above does not appear on such page or service or if such page or service is not available, the rate per annum determined by the
Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Business Days prior to the beginning of such interest period to be the offered rate for a period equal to such interest period on such other page or other service
which displays an average London interbank offered rate (the preceding clauses (x) and (y), the “LIBO Screen Rate”); provided that at no time will the Eurodollar Rate be deemed to be less than 0% per
annum. 
 “Event of Default” has the meaning specified in Section 9.1. 

“Excepted Consent” means, at any time, any consent, authorization, approval, filing or registration with or from any non-U.S.
Governmental Authority that is listed on Schedule 7.14 of the Existing Credit Agreement with respect to which the time periods set forth opposite each such item or action on Schedule 7.14 of the Existing Credit Agreement (or such
longer period permitted by the Administrative Agents (as defined in the Existing Credit Agreement) prior to the Effective Date and by the Administrative Agent on or after the Effective Date in its sole discretion) have not expired.¶ 

“Exchangeable Notes” means
that certain exchangeable note issued by McDermott Technology, B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands, which will be mandatorily
exchangeable for shares of common stock of the Parent as more fully  

  
 -21- 

 
described in the Parent Registration Statement, together with the legacy notes into which such exchangeable note
will split in one or more transactions as more fully described in the Parent Registration Statement.  

“Excluded Subsidiary” means, at any time, (a) any non-U.S. Subsidiary if at such time such Subsidiary’s Guarantee
is prohibited by (x) any Governmental Authority with authority over such non-U.S. Subsidiary or (y) applicable law or regulation or analogous restriction, or such Subsidiary’s Guarantee would result in a substantial risk to the
officers or directors of such Subsidiary or a civil or criminal liability and (b) any non-U.S. Subsidiary under circumstances where the Administrative Agent determines in its sole discretion (in consultation with the Parent) that the cost,
burden, difficulty or consequence of providing such Guarantee at such time is excessive in relation to the value afforded thereby. 

“Excluded Taxes” means any of the following Taxes imposed on or with respect to a Participant, Issuer or Administrative Agent
or required to be withheld or deducted from a payment to a Participant, Issuer or Administrative Agent: (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case,
(i) imposed as a result of such Participant, Issuer or Administrative Agent being organized under the laws of, or having its principal office or, in the case of any Participant, its applicable lending
officeApplicable 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 Participant, U.S. federal withholding Taxes (other than U.S. withholding Taxes to the extent such Taxes
(A) would not be imposed or payable (including, without limitation, as the result of an applicable income Tax treaty that otherwise would reduce or eliminate the Tax) if any Applicant was a United States person within the meaning of
Section 7701(a)(30) of the Code or (B) are imposed with respect to payments from any United States person to the Applicants) imposed on payments to or for the account of such Participant under the Credit Documents pursuant to a law in
effect on the Initial Utilization Date or the date on which (i) such Participant acquires such interest in the Commitment (other than pursuant to an assignment request by the Parent or an Applicant) or (ii) such Participant changes its
lending office, except in each case to the extent that, pursuant to Section 2.19, amounts with respect to such Taxes were payable either to such Participant’s assignor immediately before such Participant became a party hereto or to
such Participant immediately before it changed its lending office, (c) Taxes attributable to such Participant, Issuer or Administrative Agent’s failure to comply with Section 2.19(e) (other than if such failure is due to a
change in any applicable Requirement of Law occurring after the date on which a form originally was required to be provided) and (d) any U.S. federal withholding Taxes imposed under FATCA. 

“Excluded Vessel” means, at any time, a marine vessel subject to a Lien permitted under Section 8.2(d),
8.2(e) or 8.2(m). 
 “Existing Credit Agreement” means that certain Credit Agreement dated as of May 10,
2018, among Parent, as guarantor, the Applicants, as borrowers, the lenders and issuers party thereto, CA CIB, as revolving and letter of credit administrative agent, and Barclays, as term loan administrative agent. 

  
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 “Extended Letter of Credit” has the meaning specified in Section
2.7(b).¶ 

“Extending Participants”
has the meaning specified in Section 2.25(a).¶ 

“Extension Agreement”
means an amendment to this Agreement, in form and substance reasonably satisfactory to the Administrative Agent, the Parent and the Applicants, among the Parent, each Applicant, the Administrative Agent and each Extending Participant, effecting one
or more Extension Permitted Amendments and such other amendments hereto and to the other Credit Documents as may be required or advisable to effect the transactions contemplated by Section 2.25.¶ 

“Extension Offer” has the
meaning specified in Section 2.25(a).¶ 

“Extension Permitted
Amendment” means an amendment to this Agreement and the other Credit Documents, effected in connection with an Extension Offer pursuant to Section 2.25, providing for an extension of the Maturity Date
applicable to the Commitments being extended pursuant to Section 2.25 of the Extending Participants (such Commitments being referred to as the “Extended Commitments”) and, which may
also provide for the following with respect to any such Extended Commitments:¶ 

(a) [reserved],¶ 
 (b)
[reserved],¶ 
 (c) [reserved],¶ 

(d) an increase in the fees payable to, or the inclusion of
new fees to be payable to, the Extending Participants in respect of such Extension Offer or their Extended Commitments, and/or¶ 

(e) an addition of any affirmative or negative covenants
applicable to the Parent, the Applicants and the Subsidiaries, provided that any such additional covenant with which the Parent, the Applicants and/or the Restricted Subsidiaries shall be required to comply prior to
the latest Maturity Date in effect immediately prior to such Extension Permitted Amendment for the benefit of the Extending Participants providing such Extended Commitments shall also be for the benefit of all other Participants. 
 “Fair Market Value” means the value that would be paid by a willing buyer to
an unaffiliated willing seller in a transaction not involving distress or necessity of either party; provided that for any determination of Fair Market Value for a Mortgaged Vessel in connection with an Asset Sale to be made pursuant to
Section 8.4(g), (h) or (i) in which the Fair Market Value of the properties disposed of in such Asset Sale exceeds $10,000,000.00, the Applicants shall provide evidence reasonably satisfactory to the
Administrative Agent with respect to the calculation of such Fair Market Value; provided that if any appraisal of a marine vessel contains a range of values for such marine vessel, the “Fair Market Value” of such marine vessel shall be
deemed to be an amount equal to the midpoint of such range. 

  
 -23- 

 “FATCA” means Sections 1471 through 1474 of the Code, as of the date of
this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to
Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted by a Governmental Authority pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities entered into in
connection with the implementation of the foregoing. 
 “Federal Funds Rate” means for any day, the rate per annum
equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day;
provided that if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the immediately preceding Business Day as so published on the next succeeding Business Day; provided,
further, that if no such rate is published on such next succeeding Business Day, the Administrative Agent may, in its discretion, determine the Federal Funds Rate for such day by reference to the average rate charged to the Administrative
Agent on such day on such transactions as determined by the Administrative Agent. 
 “Federal Reserve Board” means the
Board of Governors of the United States Federal Reserve System, or any successor thereto. 
 “FEMA” has the meaning set
forth in Section 7.5. 
 “Final Satisfaction Date” shall be the date on which each of the following have
occurred: (a) all Obligations have been paid or otherwise satisfied in full (other than in respect of any contingent indemnification or expense reimbursement obligations for which no claim has been asserted), (b) all Commitments have
terminated or expired and the obligations of the Issuers to issue Letters of Credit hereunder have terminated and (c) each Letter of Credit has expired or has been cash collateralized, back-stopped or secured to the satisfaction of the
applicable Issuers. 
 “Financial Statements” means the financial statements of the Parent and its Subsidiaries delivered
in accordance with Section 3.2(b) or Section 6.1. 
 “Fiscal Quarter” means the fiscal quarter of
the Parent ending on March 31, June 30, September 30 or December 31 of the applicable Fiscal Year, as applicable. 

“Fiscal Year” means the fiscal year of the Parent, which is the same as the calendar year. 

“Fixed Charge Coverage Ratio” means, as of any date of determination, the ratio of (a) EBITDA to (b) the sum of
(i) Interest Expense, (ii) the aggregate principal amount of all regularly scheduled principal payments (not including any voluntary or contingent mandatory prepayments for any Indebtedness) or scheduled redemptions or similar acquisitions
for value in respect of outstanding Indebtedness for borrowed money made by 

  
 -24- 

 
the Parent and any Restricted Subsidiary and (iii) the aggregate amount of federal, state, local and foreign income Taxes paid in cash, in each case, of or by the Parent and its Restricted
Subsidiaries, in each case for the items listed in clauses (a) and (b) above, for the most recently ended four Fiscal Quarter period for which financial statements have been delivered pursuant to Section 6.1(a) or (b).

 “Flood Hazard Property” means any Mortgaged Property on which a “Building” or a “Manufactured (Mobile)
Home” (in each case, as defined in the applicable flood insurance regulation) is located that is in an area designated by the Federal Emergency Management Agency as having special flood or mudslide hazards.¶ 

“Focus Four Projects”
means the “Focus Four Projects” identified in the Information Memorandum (as defined in the Existing Credit Agreement as of the date hereof). 

“Fronting Exposure” means, at any time there is a Defaulting Participant, with respect to any Issuer, such Defaulting
Participant’s Ratable Portion of the Obligations of such Issuer, other than Obligations as to which such Defaulting Participant’s participation obligation has been reallocated to other Participants or cash collateralized in accordance with
the terms hereof. 
 “Fronting Fee” means the Fronting Fee specified in Section 2.15(c)(i). 

“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. 
 “GAAP” means generally accepted
accounting principles in the United States of America as in effect from time to time. 
 “Governmental Authority” means any
nation, sovereign or government, any state or other political subdivision thereof and any entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, including any central bank
(including any supra-national bodies such as the European Union or the European Central Bank). 
 “Guarantee” means
(a) in the case of the Parent, each Applicant and each other Subsidiary Guarantor, the guarantees of the Obligations contained in the Guaranty Agreement and (b) additionally in the case of the Parent, the guarantee of the Obligations
contained in Article XII of this Agreement. 
 “Guarantor” means the Parent and each Subsidiary of the Parent
(including each Applicant) that has guaranteed the Obligations pursuant to the Guaranty Agreement, until such time as such Subsidiary ceases to guarantee the Obligations pursuant to the terms of any such agreement. As of the Initial Utilization
Date, the Parent, each Applicant and each Subsidiary listed on Schedule V hereto is a Guarantor. 

  
 -25- 

 “Guaranty Agreement” means, collectively, (a) the Guaranty Agreement
executed by the Applicants and certain other Subsidiary Guarantors in favor of the AdministrativeCollateral Agent on May 10, 2018 and (b) any other
guaranty agreement executed and delivered by any Restricted Subsidiary in form and substance satisfactory to the Administrative Agent, pursuant to which such Restricted Subsidiary makes a Guarantee. 

“Guaranty Obligation” means, as applied to any Person, without duplication, any direct or indirect liability, contingent or
otherwise, of such Person with respect to any Indebtedness of another Person, if the purpose of such Person in incurring such liability is to provide assurance to the obligee of such Indebtedness that such Indebtedness will be paid or discharged, or
that any agreement relating thereto will be complied with, or that any holder of such Indebtedness will be protected (in whole or in part) against loss in respect thereof, including (a) the direct or indirect guaranty, endorsement (other than
for collection or deposit in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such Person of Indebtedness of another Person and (b) any liability of such
Person for Indebtedness of another Person through any agreement (contingent or otherwise) (i) to purchase, repurchase or otherwise acquire such Indebtedness or any security therefor, or to provide funds for the payment or discharge of such
Indebtedness (whether in the form of a loan, advance, stock purchase, capital contribution or otherwise), (ii) to maintain the solvency or any balance sheet item, level of income or financial condition of another Person, (iii) to make take-or-pay or similar payments, regardless of non-performance by any other party or parties to an agreement, (iv) to purchase,
sell or lease (as lessor or lessee) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Indebtedness or to assure the holder of such Indebtedness against loss or (v) to supply
funds to, or in any other manner invest in, such other Person (including to pay for property or services irrespective of whether such property is received or such services are rendered), if (and only if) in the case of any agreement described under
clause (b)(i), (ii), (iii), (iv) or (v) above the primary purpose or intent thereof is to provide assurance to the obligee of Indebtedness of any other Person that such Indebtedness will be paid or
discharged, or that any agreement relating thereto will be complied with, or that any holder of such Indebtedness will be protected (in whole or in part) against loss in respect thereof. The amount of any Guaranty Obligation shall be equal to the
amount of the Indebtedness so guaranteed or otherwise supported or, if such amount is not stated or otherwise determinable, the maximum reasonable anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. For
the avoidance of doubt, the term “Guaranty Obligation” shall not include reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance Guarantees. 

“Hedging Contracts” means all Interest Rate Contracts, foreign exchange contracts, currency swap or option agreements,
forward contracts, commodity swap, purchase or option agreements, other commodity price hedging arrangements, and all other similar agreements or arrangements designed to alter the risks of any Person arising from fluctuations in interest rates,
currency values or commodity prices. For the avoidance of doubt, Permitted Bond Hedge Transactions and Permitted Warrant Transactions shall not be deemed Hedging Contracts. 

  
 -26- 

 “Immaterial Guarantor” means a Guarantor (other than the Parent or any
Applicant) that is not a Material Wholly-Owned Subsidiary. 
 “Immaterial Subsidiary” means, on any date of determination,
a Subsidiary having assets with an aggregate net book value (excluding, for the avoidance of doubt, intercompany balances) of less than $5,000,000.00. 

“Increase and Joinder Agreement” has the meaning set forth in Section 2.24(d)(v). 

“Increased Amount Date” has the meaning specified in Section 2.24(c). 

“Incremental Facility” has the meaning specified in Section 2.24(b). 

“Indebtedness” of any Person means, without duplication: 

(a) all indebtedness of such Person for borrowed money; 

(b) all obligations of such Person evidenced by promissory notes, bonds, debentures or similar instruments; 

(c) all matured reimbursement obligations with respect to letters of credit, bankers’ acceptances, surety bonds, performance bonds, bank
guarantees, and other similar obligations; 
 (d) all other obligations with respect to letters of credit, bankers’ acceptances, surety
bonds, performance bonds, bank guarantees and other similar obligations, whether or not matured, other than unmatured or undrawn, as applicable, obligations with respect to Performance Guarantees; 

(e) all indebtedness for the deferred purchase price of property or services, other than, trade payables incurred in the ordinary course of business
that, after the Discharge of First Priority Claims,
are not overdue by more than 90 days or disputed in good faith; 
 (f) all indebtedness of such Person created or arising under any
conditional sale or other title retention agreement (other than operating leases) with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited
to repossession or sale of such property); 
 (g) all Capital Lease Obligations of such Person; 

(h) all Guaranty Obligations of such Person; 

  
 -27- 

 (i) all obligations of such Person to purchase, redeem, retire, defease or otherwise acquire
for value any Disqualified Stock of such Person, valued, in the case of redeemable preferred Disqualified Stock, at the greater of its voluntary liquidation preference and its involuntary liquidation preference plus accrued and unpaid dividends;

 (j) net payments that such Person would have to make in the event of a termination of the Hedging Contracts of such Person if such
termination occurred on the date Indebtedness of such Person is being determined; 
 (k) all Alternate Program Indebtedness of such Person;
and 
 (l) all Indebtedness of the type referred to above secured by (or for which the holder of such Indebtedness has an existing right,
contingent or otherwise, to be secured by) any Lien upon or in property (including accounts and general intangibles) owned by such Person, even though such Person has not assumed or become liable for the payment of such Indebtedness, but amounts of
such Indebtedness shall be the lesser of the value of the property owned by such Person securing such Indebtedness and the principal amount of such Indebtedness. 

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, limited liability company or other entity in which the liability of the joint venturer is limited) in which such Person is a general partner or a joint venturer, except to the extent such Person’s liability for such
Indebtedness is otherwise limited by applicable law or contract. For the avoidance of doubt, the term “Indebtedness” shall not include (x) reimbursement or other obligations with respect to unmatured or undrawn, as applicable,
Performance Guarantees or (y) Permitted Bond Hedge Transactions or Permitted Warrant Transactions. 
 “Indemnified
Matters” has the meaning specified in Section 11.4(a). 
 “Indemnitee” has the meaning specified in
Section 11.4(a). 
 “Information” means all information received from the Parent or any of its Subsidiaries
relating to the Parent or any of its Subsidiaries or any of their respective businesses after the date hereof that is posted to IntraLinks, DebtDomain, SyndTrak, Barclays Deal Vault or a similar service or otherwise clearly identified at the time of
delivery as confidential other than any such information that is available to the Administrative Agent, any Participant or any Issuer on a nonconfidential basis prior to disclosure by the Parent or any of its Subsidiaries. 

“Information Presentation” means the McDermott LC Facility Presentation dated October 2018 delivered to the Administrative
Agent by the Parent in connection with the facility evidenced by this Agreement. 
 “Initial Utilization Date” has the
meaning specified in Section 3.2. 

  
 -28- 

 “Insurance/Condemnation Event” means any casualty or other insured damage
to, or any taking under the power of eminent domain or by condemnation or similar proceeding of, or any disposition under a threat of such taking of, all or any part of any assets of the Parent or any Restricted Subsidiary, resulting in aggregate
Net Cash Proceeds exceeding $25,000,000.00. 
 “Intercreditor Agreement” means the Collateral Agency and Intercreditor
Agreement 
or, a Junior Intercreditor Agreement (as defined in the Existing
Creditor a Senior Intercreditor
Agreement as of the date hereof), as applicable. 

“Interest Expense” means, for the Parent for any period, total interest expense of the Parent and its Restricted Subsidiaries
for such period, as determined on a consolidated basis in conformity with GAAP and including, in any event (without duplication for any period or any amount included in any prior period): 

(a) net costs under Interest Rate Contracts for such period; 

(b) any commitment fee (including the Commitment Fee) accrued, accreted or paid by such Person during such period; 

(c) any fees and other obligations (other than reimbursement obligations) with respect to letters of credit (including the Participation Fees)
and bankers’ acceptances (whether or not matured) accrued, accreted or paid by such Person for such period, plus (without duplication) any such amounts that are included in the cost of operations on the consolidated statement of operations of
such Person prepared in conformity with GAAP; and 
 (d) the Fronting Fee. 

For purposes of the foregoing, interest expense shall (i) be determined after giving effect to any net payments made or received by the Parent or any
Subsidiary with respect to interest rate Hedging Contracts and (ii) exclude interest expense accrued, accreted or paid by the Parent or any Subsidiary of the Parent to the Parent or any Subsidiary of the Parent. Notwithstanding the foregoing,
the interest component of all payments associated with any lease that would have been accounted for as an operating lease on a balance sheet of such Person prepared in conformity with GAAP as in effect on the Initial Utilization Date and amounts
included for any Fiscal Quarter attributable to any upfront fees and similar one-time fees paid in connection with this Agreement shall each be excluded from Interest Expense.
Notwithstanding anything herein to the contrary, “Interest Expense” shall not include the non-cash portion of interest expense resulting from the application
of Accounting Standards Codification 470-20 attributable to any Convertible Indebtedness that may be wholly or partially settled in cash. 

“Interest Rate Contracts” means all interest rate swap agreements, interest rate cap agreements and interest rate collar
agreements. 
 “Inventory” has the meaning specified in the Pledge and Security Agreement. 

  
 -29- 

 “Investment” means, with respect to any Person, any investment of such
Person so classified under GAAP, and whether or not so classified, any loan, advance, extension of credit that constitutes Indebtedness of the Person to whom it is extended, any direct or indirect guaranty in respect of the Indebtedness of another
Person by such Person, or contribution of capital by such Person, and any stocks, bonds, mutual funds, partnership interests, notes (including structured notes), debentures or other securities owned by such Person; excluding, however,
(a) capital expenditures of such Person determined in accordance with GAAP, (b) prepayments or deposits made in the ordinary course of business, (c) accounts receivable and similar items made or incurred in the ordinary course of
business and (d) the payment of the operating expenses and capital expenditures of a Restricted Subsidiary, so long as such payment is in the ordinary course of business and consistent with past business practices with respect to such
Subsidiary prior to the date hereof. For the avoidance of doubt, the term “Investment” shall not include reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance Guarantees. 

“IRS” means the Internal Revenue Service of the United States or any successor thereto. 

“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). 

“Issue” means, with respect to any Letter of Credit, to issue, extend the expiry of, renew (including any auto-renewal
thereof) or increase the maximum stated amount (including by deleting or reducing any scheduled decrease in such maximum stated amount) of, such Letter of Credit. The terms “Issued” and “Issuance” shall have a
corresponding meaning. 
 “Issuer” means each Participant or Affiliate of a Participant that (a) is listed on
Schedule II(B), or (b) hereafter becomes an Issuer with the approval of the Administrative Agent and the Applicants and that has executed an agreement with and in form and substance satisfactory to the Administrative Agent and the
Applicants to be bound by the terms hereof applicable to Issuers; provided that if an Issuer (or its Affiliate) ceases to be a Participant, such Issuer shall continue to be an Issuer hereunder while any Letter of Credit issued by it remains
outstanding but shall be under no obligation to Issue any additional Letter of Credit. 
 “Issuer Commitment” means
(a) the amount set forth on the attached Schedule II(B) for each Issuer or (b) such other amount as any Issuer and the Applicants may agree in a writing delivered to the Administrative Agent. 

“Joint Venture” means any Person that is not a Subsidiary of the Parent and (a) in which the Parent or any Subsidiary of
the Parent, directly or indirectly, owns at least 25% of the Stock or Stock Equivalents of such Person or (b) in which the Parent or any Subsidiary of the Parent owns at least a 25% interest in such joint venture if such Person is
unincorporated and such Person’s financial information is consolidated or proportionally consolidated with the Parent in accordance with GAAP. As of the Initial Utilization Date, the Persons listed on Schedule 1.1 are Joint Ventures.¶ 

  
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“Junior Intercreditor
Agreement” has the meaning specified in the Existing Credit Agreement as of the Amendment No. 1 Effective Date. 

“Junior Priority Indebtedness” means any Indebtedness for borrowed money (excluding intercompany debt) of the Parent or any
Restricted Subsidiary that is (i) secured by a Lien on the Collateral that is junior to the Lien on the Collateral that secures the Obligations, (ii) unsecured or (iii) expressly subordinated in right of payment to the Obligations.

 “LC Facility” means the senior secured letter of credit facility evidenced by this Agreement and described in
Section 2.5. 
 “LC Facility Exposure” means, with respect to any Participant, at any time, such
Participant’s Ratable Portion of the Letter of Credit Obligations at such time. 
 “Letter of Credit” means each
letter of credit issued pursuant to Section 2.5. 
 “Letter of Credit Obligations” means, at any time, without
duplication, the aggregate amount equal to the sum of (a) the Reimbursement Obligations at such time (or, for any Reimbursement Obligations in any Alternative Currency, the Dollar Equivalent thereof at such time) and (b) the Undrawn
Amounts at such time. 
 “Letter of Credit Request” has the meaning specified in Section 2.7(c). 

“Leverage Ratio” means, as of any date of determination, the ratio of (a) the sum of (1) Leverage Ratio Debt as of
such day, plus (2) the unsecured mark-to-market foreign exchange exposure of the Parent and its Restricted Subsidiaries, as determined by the Parent using market convention, minus (3) the Segregated Cash Amount to
(b) EBITDA for the most recently ended four Fiscal Quarter period for which financial statements have been delivered pursuant to Section 6.1(a) or (b). 

“Leverage Ratio Debt” means Disqualified Stock of the Applicants and, without duplication, Indebtedness of the Parent and its
Restricted Subsidiaries of the type specified in clauses (a), (b), (c), (d), (e), (f), (g), (h), and (k) (but in the case of clause (k), only to the extent that, in
accordance with GAAP, such Alternate Program Indebtedness is required to be included as a liability of the Parent or its Restricted Subsidiaries on its financial statements) of the definition of “Indebtedness” determined on a consolidated
basis in accordance with GAAP. For the avoidance of doubt, the term “Leverage Ratio Debt” shall not include (a) reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance Guarantees and
(b) Indebtedness of the Parent or any of its Restricted Subsidiaries that is owed to the Parent, any of its Restricted Subsidiaries or any Joint Venture that is a Guarantor or permitted pursuant to Section 8.1(s). 

  
 -31- 

 “LIBO Screen Rate” has the meaning specified in the definition of
“Eurodollar Rate”. 
 “Lien” means any mortgage, deed of trust, pledge, hypothecation, collateral assignment,
charge, deposit arrangement, encumbrance, lien (statutory or other), security interest or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever intended to assure payment of any Indebtedness or
the performance of any other obligation, including any conditional sale or other title retention agreement, the interest of a lessor under a Capital Lease and any financing lease having substantially the same economic effect as any of the foregoing.

 “Liquidity” means the sum of (a) unrestricted cash and Cash Equivalents of the Parent and its Restricted
Subsidiaries, plus (b) unused revolving commitments under the Credit Facilities, plus (c) amounts on deposit in the Cash Secured LC Cash Collateral Account (as defined in the Existing Credit Agreement as of the date hereof)
in excess of 103% of the sum of (x) the stated amount of all Cash Secured Letters of Credit (as defined in the Existing Credit Agreement as of the date hereof) outstanding as of such date and (y) all Cash Secured Reimbursement Obligations
(as defined in the Existing Credit Agreement as of the date hereof) as of such date. 
 “Lloyds” means Lloyds Bank Corporate Markets plc, formerly known as Lloyds TSB Bank PLC. 

“Lloyds Facility” means that certain Amended and Restated Master Agreement for Stand-by Letters of Credit, dated on or before the Effective
DateMay 10, 2018 (as the same may be
amended, amended and restated, supplemented, extended, or otherwise modified from time to time), among Lloyds and certain of the Credit Parties. 

“Long-Term Indebtedness” means any Indebtedness of the Parent and its Restricted Subsidiaries that, in conformity with GAAP,
constitutes (or, when incurred, constituted) a long-term liability. 
 “Material Adverse Effect” means a material adverse
effect upon (a) the condition (financial or otherwise), business, results of operations or properties of the Applicants and the Guarantors taken as a whole; (b) the perfection or priority of the Liens granted pursuant to the Collateral
Documents; (c) the Credit Parties’ ability to perform their respective obligations under the Credit Documents; or (d) the validity, binding effect or enforceability against the Credit Parties of the Credit Documents or the rights or
remedies of the Administrative Agent, the Collateral Agent,
the Participants or the Issuers thereunder. 
 “Material
Intellectual Property” means intellectual property owned by the Parent or any of its Wholly-Owned Subsidiaries that is material to the business operations of the Parent and its Restricted Subsidiaries, taken as a whole. 

“Material Subsidiary” means, with respect to any date of determination, (a) a Restricted Subsidiary contributing (or, if
such Restricted Subsidiary was not a Subsidiary of the Parent for the entire Fiscal Year immediately preceding such date, that would have 

  
 -32- 

 
contributed) more than (i) 52.5% of the EBITDA or (ii) 52.5% of total assets (as determined in accordance with GAAP) of the Parent and its Restricted Subsidiaries on a consolidated basis, in each case in the Fiscal Year immediately preceding such date or (b) two or
more Restricted Subsidiaries contributing (or, if any such Restricted Subsidiary was not a Subsidiary of the Parent for the entire Fiscal Year immediately preceding such date, that would have contributed) more than (i) 102.5% of the EBITDA or
(ii) 
102.5
% of total assets (as determined in accordance with GAAP) of the Parent and its Restricted Subsidiaries on a consolidated basis, in each case in the Fiscal Year immediately preceding such date.
Notwithstanding the forgoing, each Applicant and each Wholly-Owned Subsidiary that owns any Material Intellectual Property shall at all times be a Material Subsidiary. 

“Material Wholly-Owned Subsidiary” means, as of any date of determination pursuant to this Agreement, any Wholly-Owned
Restricted Subsidiary (other than an Excluded Subsidiary) that (a) at such date has assets with an aggregate net book value (excluding intercompany balances) equal to or greater than $40,000,000.00, (b) owns a marine vessel that would be
required to be a Mortgaged Vessel under the terms of this Agreement or the other Credit Documents if such Subsidiary were a Guarantor, (c) is an Applicant, (d) is a Person that directly owns equity interests in any Applicant or any other
Material Wholly-Owned Subsidiary (other than a Wholly-Owned Subsidiary that is a Material Wholly-Owned Subsidiary solely as a result of this clause (d)) or (e) is (i) organized in the same jurisdiction as another Material
Wholly-Owned Subsidiary described in clause (a) of this definition and (ii) not an Immaterial Subsidiary. For purposes of this definition, any nation, sovereign or government (including, for purposes of this definition, the United
Kingdom) and any state, province or other political subdivision thereof shall constitute a single jurisdiction. 
 “Maturity
Date” means the earliest to occur of (a) the third anniversary of the Initial Utilization Date or (b) the LC Facility Termination Date (as defined in the Existing Credit Agreement). 

“Maximum Rate” has the meaning set forth in Section 11.22. 

“MNPI” means material non-public information (within the meaning of the United States federal, state or other applicable
securities laws) with respect to the Parent and its Affiliates or their Securities. 
 “Moody’s” means Moody’s
Investors Services, Inc., and its successors. 
 “Mortgaged Properties” means, each parcel of Real Property and the
improvements thereto owned or leased by a Credit Party with respect to which a Mortgage is granted. 

  
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 “Mortgaged Vessel Owning Subsidiary” means at any time any Subsidiary of
the Parent that owns a marine vessel that is or that is required at such time to be a Mortgaged Vessel under the terms of this Agreement or the other Credit Documents. As of the Initial Utilization Date, the Mortgaged Vessel Owning Subsidiaries and
the Mortgaged Vessels owned by each are as follows: 
  

							
	 Mortgaged Vessel Owning

Subsidiary
	 	 Jurisdiction of

Organization
	 	 Mortgaged Vessel
	 	 Vessel Flag

	 Hydro Marine Services, Inc.
	 	Panama	 	McDermott Derrick Barge No. 27	 	Panama
		 		 	Intermac 650	 	Panama
	 	McDermott Derrick Barge No. 32	 	Panama
	 	DLV 2000	 	Panama
		 		 	Lay Vessel 108	 	Malta
				
	 J. Ray McDermott (Norway), AS

J. Ray McDermott International Vessels, Ltd.
	 	 Norway
 Cayman Islands
	 	North Ocean 102	 	Malta
	 	McDermott Derrick Barge No. 50	 	Panama
				
	 McDermott Gulf Operating Company, Inc.
	 	Panama	 	Thebaud Sea	 	Canada (bareboat registered in Barbados)
				
	 McDermott International Vessels, Inc.
	 	Panama	 	Emerald Sea	 	Barbados

 “Mortgaged Vessels” means at any time the marine vessels of the Credit Parties that are
subject to a Lien under the Collateral Documents at such time. The Mortgaged Vessels shall consist of the following as of the Initial Utilization Date: 
  

			
	 Vessel Name
	  	 Flag

	McDermott Derrick Barge No. 27	  	Panama
	McDermott Derrick Barge No. 50	  	Panama
	McDermott Derrick Barge No. 32	  	Panama
	DLV 2000	  	Panama
	North Ocean 102	  	Malta
	Lay Vessel 108	  	Malta
	Intermac 650	  	Panama
	Thebaud Sea	  	Canada (bareboat
registered in Barbados)
	Emerald Sea	  	Barbados

  
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 “Mortgages” means (a) the fee or leasehold mortgages or deeds of
trust, assignments of leases and rents and other security documents granting a Lien on any Mortgaged Property to secure the Obligations and (b) the mortgages and other security documents granting a Lien on any Mortgaged Vessel to secure the
Obligations, in the case of each of clauses (a) and (b) each in form and substance reasonably satisfactory to the Collateral Agent, as the same may be amended, supplemented, replaced or otherwise modified from time to time in
accordance with this Agreement. 
 “Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3)
of ERISA, to which the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate has any obligation or liability, contingent or otherwise. 

“Net Cash Proceeds” means, with respect to any event, proceeds received by the Parent or any Restricted Subsidiary after the
Initial Utilization Date in cash or Cash Equivalents in respect of such event, net of (a) the reasonable cash costs (including underwriting commissions, legal, investment banking, brokerage and accounting and other professional fees and sales
commissions) paid or reasonably estimated (to the extent reserves for such estimations are maintained in accordance with GAAP) in connection with such event by the Parent or any Restricted Subsidiary to Persons that are not Affiliates of the Parent
or any Restricted
Subsidiary 
and, (b) in the case of any Asset Sale
or Insurance/Condemnation Event, Taxes paid or reasonably estimated to be payable by the Parent or any Restricted Subsidiary as a result thereof (including, for the avoidance of doubt, as a result of any distribution of such proceeds to the Parent
or any Restricted Subsidiary) and (c) the principal amount, premium or penalty, interest and other
amounts on any Indebtedness under the Priming Credit Agreement which is required to be repaid or otherwise comes due or would be in default and is repaid and the amount of any obligation to cash collateralize any “Letter of Credit” (as
defined in the Priming Credit Agreement) which is so deposited, in each case pursuant to the Priming Credit Agreement. 

“New Incremental Commitment” has the meaning specified in Section 2.24(b). 

“New Participant” has the meaning specified in Section 2.24(c). 

“NO 105” means M.V. Lay Vessel North Ocean 105. 

“NO 105 Indebtedness” means Indebtedness for borrowed money incurred under the North Ocean 105 Credit Agreement and existing
as of May 10, 2018. 
 “Non-cash Consideration” means the Fair Market Value of non-cash consideration received by the
Parent or a Restricted Subsidiary in connection with an Asset Sale less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Non-cash Consideration. 

“Non-Consenting Participant” has the meaning specified in Section 11.1(c). 

  
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 “Non-Defaulting Participant” means a Participant that is not a Defaulting
Participant. 
 “Non-Recourse Indebtedness” means Indebtedness of a Subsidiary of the Parent (in each case that is not a
Credit Party) (a) that is on terms and conditions reasonably satisfactory to the Administrative Agent, (b) that is not, in whole or in part, Indebtedness of any Credit Party (and for which no Credit Party has created, maintained or assumed
any Guaranty Obligation) and for which no holder thereof has or could have upon the occurrence of any contingency, any recourse against any Restricted Subsidiary or the assets thereof (other than the Stock or Stock Equivalents issued by the
Subsidiary primarily obligated on such Indebtedness that are owned by a Restricted Subsidiary) for the repayment of such Indebtedness, and (c) owing to an unaffiliated third-party (which for the avoidance of doubt does not include the Parent,
any Subsidiary thereof, any other Credit Party, any Joint Venture (or owner of any interest therein) and any Affiliate of any of them). 

“North Ocean 105 Credit Agreement” means the Facility Agreement dated as of September 30, 2010, among North Ocean 105
AS, as borrower, the Parent, as guarantor, BNP Paribas and Crédit Agricole Corporate and Investment Bank, as mandated lead arrangers, BNP Paribas, as facility agent, security agent, ECA coordinator and documentation bank, and the lenders from
time to time party thereto. 
 “North Ocean Entity” means North Ocean 105 AS, a private limited liability company organized
and existing under the laws of Norway. As of the Initial Utilization Date, the North Ocean Entity is a Wholly-Owned Subsidiary of the
Parent.¶ 

“Notes Issuer”
means initially McDermott Escrow 1, Inc. (which merged with and into McDermott Technology (Americas), Inc., and McDermott Escrow 2, Inc. (which merged with and into McDermott Technology (US), Inc.). 

“Obligations” means the Letter of Credit Obligations and all other amounts, obligations, covenants and duties owing by the
Applicants and the other Credit Parties to the Agents, any Participant, any Issuer, any Affiliate of any of them or any Indemnitee, of every type and description (whether by reason of an extension of credit, opening or amendment of a letter of
credit or payment of any draft drawn thereunder, loan, guaranty, indemnification, foreign exchange or currency swap transaction, interest rate hedging transaction or otherwise), present or future, arising under this Agreement or any other Credit
Document, in each case whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising and however acquired and whether or not evidenced by any note, guaranty or
other instrument or for the payment of money, including all letter of credit and other fees (including, the Commitment Fees and the Fronting Fee), interest (including post-petition interest, whether or not allowed in a bankruptcy proceeding),
charges, expenses, attorneys’ fees and disbursements and other sums chargeable to any Applicant under this Agreement or any other Credit Document and all obligations of any Applicant under any Credit Document to provide cash collateral for
Obligations in respect of Letters of Credit. 

  
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 “OFAC” means the Office of Foreign Assets Control of the U.S. Department of
the Treasury. 
 “Original Currency” has the meaning specified in Section 11.19(a).¶ 

“Original Indebtedness”
has the meaning given to such term in the definition of “Refinancing Indebtedness”. 

“Other Applicant Obligations” has the meaning specified in Section 11.23. 

“Other Connection Taxes” means, with respect to any Participant or Issuer or the Administrative Agent, Taxes imposed as a
result of a present or former connection between such Participant or Issuer or the Administrative Agent and the jurisdiction imposing such Tax (other than connections arising from such Person 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 Credit Document, or sold or assigned an interest in any Credit Document). 

“Other Currency” has the meaning specified in Section 11.19(a). 

“Other Documents” has the meaning set forth in Section 12.1. 

“Other Specified Permitted Sale/Leasebacks” means (a) any sale and leaseback transaction of CBI’s administrative
headquarters facility in The Woodlands, Texas and (b) any sale and leaseback transaction (other than in connection with clause (a)) of all or any portion of CBI’s other property, in each case on terms acceptable to the
Administrative Agent and only to the extent that the aggregate amount of Net Cash Proceeds from all such Other Specified Permitted Sale/Leasebacks is less than or equal to $150,000,000. 

“Other Taxes” has the meaning specified in Section 2.19(b). 

“Outside Date” has the meaning specified in Section 3.2. 

“Parallel Debt” has the meaning specified in the Collateral Agency and Intercreditor Agreement. 

“Parent” has the meaning specified in the preamble to this Agreement. 

“Parent Registration Statement” means the Registration Statement on Form S-4 of the Parent and Comet I B.V. filed with the
SEC on January 24, 2018, together with all amendments and supplements thereto. 
 “Parent’s Accountants” means
the Parent’s accountants, which shall be Deloitte & Touche LLP or another firm of independent nationally recognized public accountants. 

“Participants” means each financial institution or other entity that (a) is listed on the signature pages of the
Agreement as a “Participant” or (b) from time to time becomes a party hereto as a Participant by execution of an Assignment and Acceptance or an Increase and Joinder Agreement. 

  
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 “Participation Fee” has the meaning specified in
Section 2.15(c)(ii). 
 “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. 

“Performance Guarantee” of any Person means (a) any letter of credit, bankers acceptance, surety bond, performance bond,
bank guarantee or other similar obligation issued for the account of such Person to support only trade payables or nonfinancial performance obligations of such Person, (b) any letter of credit, bankers acceptance, surety bond, performance bond,
bank guarantee or other similar obligation issued for the account of such Person to support any letter of credit, bankers acceptance, surety bond, performance bond, bank guarantee or other similar obligation issued for the account of a Subsidiary or
joint venture of such Person to support only trade payables or non-financial performance obligations of such Subsidiary or joint venture, and (c) any parent company guarantee or other direct or indirect liability, contingent or otherwise, of
such Person with respect to trade payables or non-financial performance obligations of a Subsidiary or joint venture of such Person, if the purpose of such Person in incurring such liability is to provide assurance to the obligee that such
contractual obligation will be performed, or that any agreement relating thereto will be complied with. 
 “Performance Letter of
Credit” means (a) a letter of credit issued to secure ordinary course performance obligations in connection with marine installation, project engineering, procurement, construction, maintenance and other similar projects (including
projects about to be commenced) or bids for prospective marine installation, project engineering, procurement, construction, maintenance and other similar projects, (b) a letter of credit issued to back a bank guarantee, surety bond,
performance bond or other similar obligations issued to support ordinary course performance obligations in connection with marine installation, project engineering, procurement, construction, maintenance and other similar projects (including
projects about to be commenced) or bids for prospective marine installation, project engineering, procurement, construction, maintenance and other similar projects or (c) a letter of credit qualifying as a “performance-based standby letter
of credit” under 12 CFR Part 3, Appendix A, Section 3(b)(2)(i) or any successor U.S. Comptroller of the Currency regulation. 

“Permit” means any permit, approval, authorization, license, variance or permission required from a Governmental Authority
under an applicable Requirement of Law. 
 “Permitted Bond Hedge Transactions” means any and all call or capped call
options (or similar derivate transaction) on Parent’s common stock purchased by Parent in connection with the issuance of any Convertible Indebtedness; provided that the purchase price for such Permitted Bond Hedge Transaction, less the
proceeds received by Parent from the sale of any related Permitted Warrant Transaction, does not exceed the net proceeds received by Parent from the sale of such Convertible Indebtedness issued in connection with the Permitted Bond Hedge
Transaction.¶ 

  
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 “Permitted
Term Refinancing Debt” means any Refinancing Indebtedness with respect to which the Term Loans are the Original Indebtedness. 

“Permitted Warrant Transactions” means any and all call options, warrants or rights to purchase (or similar derivative
transaction) on Parent’s common stock sold by Parent substantially concurrently with any purchase by Parent of a related Permitted Bond Hedge Transaction. 

“Person” means an individual, partnership, corporation (including a business trust), joint stock company, estate, trust,
limited liability company, unincorporated association, joint venture or other entity, or a Governmental Authority. 
 “Pledge and
Security Agreement” means the Pledge and Security Agreement dated as of May 10, 2018 executed by the Parent, the Applicants, each other Guarantor party thereto and the Collateral Agent. 

“Pledged Notes” has the meaning specified in the Pledge and Security Agreement. 

“Pledged Stock” has the meaning specified in the Pledge and Security Agreement. 

“Prime Rate” means the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the United
States or, if The Wall Street Journal ceases to quote such rate, the highest rate per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime
loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by the Administrative Agent).¶ 

“Priming
Administrative Agent” has the meaning set forth in the Priming Credit Agreement.¶ 
 “Priming Collateral Agent” has the meaning set forth in the Priming Credit Agreement.¶ 

“Priming Credit
Agreement” means that certain Superpriority Senior Secured Credit Agreement, dated as of Amendment No. 1 Effective Date (as the same may be amended, restated, replaced, supplemented, waived or otherwise modified from time to time), among
the Applicants, the Parent, the other Credit Parties, the Priming Administrative Agent, and the Priming Collateral Agent.¶ 

“Priming Credit
Agreement Obligations” means the “Obligations” under and as defined in the Priming Credit Agreement.¶ 

“Priming Loan
Documents” means the “Loan Documents” under and as defined in the Priming Credit Agreement. 

“Projections” means those financial projections of the Parent and its Subsidiaries delivered to the Administrative Agent by
the Parent in connection with the facility evidenced by this Agreement covering the Fiscal Quarters ending September 30, 2018 and December 31, 2018, and the Fiscal Years 2019 through 2022. 

  
 -39- 

 “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-Side Participants” means
Participants that do not wish to receive MNPI. 
 “Purchasing LC Participant” has the meaning specified in
Section 11.7(a)(i)(C). 
 “Ratable
Portion” or “ratably” means, subject to adjustment as provided in
Section 2.15(f), Section 2.16(e) and Section 2.23(a)(iv), with respect to the Commitments or Obligations of any Participant at any time, the percentage obtained by dividing (i) the Commitments of such
Participant at such time by (ii) the aggregate Commitments of all Participants at such time; provided that if the Commitments have been terminated, then the Ratable Portion of such Participant shall be determined based on the Ratable
Portions of such Participant, and of all other Participants, immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms hereof. 

“Reaffirmation Agreement” means that certain Reaffirmation Agreement dated as of the Initial Utilization Date, among the
Applicants, each other Subsidiary Guarantor, the Administrative Agent and acknowledged by the Collateral Agent. 
 “Real
Property” means all Mortgaged Property and all other real property owned or leased from time to time by any Credit Party or any of its Restricted Subsidiaries. 

“Refinancing Indebtedness” means, in respect of any Indebtedness (the “Original Indebtedness”), any
Indebtedness that extends, renews or refinances such Original Indebtedness (or any Refinancing Indebtedness in respect thereof); provided that (a) the principal amount of such Refinancing Indebtedness shall not exceed the principal
amount of such Original Indebtedness except by an amount not greater than accrued and unpaid interest, fees and premiums (if any) with respect to such Original Indebtedness and reasonable fees and expenses arising from such extension, renewal or
refinancing; (b) the stated final maturity of such Refinancing Indebtedness shall not be earlier, and the weighted average life to maturity of such Refinancing Indebtedness shall not be shorter, than that of such Original Indebtedness;
(c) such Refinancing Indebtedness shall not be required to be repaid, prepaid, redeemed, repurchased or defeased, whether on one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof (except, in
each case, upon the occurrence of an event of default, customary asset sale prepayments, excess cash flow prepayments or a change in control or as and to the extent such repayment, prepayment, redemption, repurchase or defeasance would have been
required pursuant to the terms of such Original Indebtedness) prior to the earlier of (i) the maturity of such Original Indebtedness and (ii) the date 91 days after the third anniversary of the Initial
UtilizationMaturity Date; provided
that notwithstanding the foregoing, scheduled amortization payments (however denominated) of such Refinancing Indebtedness shall be permitted so long as the weighted average life to maturity of such Refinancing Indebtedness shall be longer than the
weighted average life to maturity of such 

  
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Original Indebtedness remaining as of the date of such extension, renewal or refinancing; (d) the borrower or issuer, as applicable, of such Original Indebtedness shall be the borrower or
issuer, as applicable, of such Refinancing Indebtedness and none of the Parent, any Applicant or any Subsidiary shall be an obligor (including pursuant to a Guaranty Obligation) if the Parent, such Applicant or Subsidiary was not (or, in the case of
after-acquired Subsidiaries, were not required to become) an obligor in respect of such Original Indebtedness, and, in each case, such Refinancing Indebtedness shall constitute an obligation of such Subsidiary or of the Applicants only to the extent
of their obligations in respect of such Original Indebtedness; (e) if such Original Indebtedness shall have been subordinated to the Obligations, such Refinancing Indebtedness shall also be subordinated to the Obligations on terms not less
favorable in any material respect to the Applicants; and (f) such Refinancing Indebtedness shall not be secured by any Lien on any asset other than the assets that secured such Original Indebtedness (or that would have been required to secure
such Original Indebtedness pursuant to the terms thereof) or, in the event Liens securing such Original Indebtedness shall have been contractually subordinated to any Lien securing the Obligations, by any Lien that shall not have been contractually
subordinated on terms not less favorable in any material respect to the Applicants. 
 “Refinancing Senior Notes Indebtedness” means, in respect of any Senior Notes, any Indebtedness that extends, renews or refinances such
Senior Notes (or any Refinancing Senior Notes Indebtedness in respect thereof); provided that (a) the principal amount of such Refinancing Senior Notes Indebtedness shall not exceed the principal amount of such Senior Notes except by an amount
not greater than accrued and unpaid interest, fees and premiums (if any) with respect to such Senior Notes and reasonable fees, expenses and premiums (if any) arising from such extension, renewal or refinancing; (b) the stated final maturity of
such Refinancing Senior Notes Indebtedness shall not be earlier, and the weighted average life to maturity of such Refinancing Senior Notes Indebtedness shall not be shorter, than that of such Senior Notes; (c) such Refinancing Senior Notes
Indebtedness shall not be required to be repaid, prepaid, redeemed, repurchased or defeased, whether on one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof (except, in each case, upon the
occurrence of an event of default, customary asset sale prepayments, excess cash flow prepayments or a change in control or as and to the extent such repayment, prepayment, redemption, repurchase or defeasance would have been required pursuant to
the terms of such Senior Notes) prior to the earlier of (i) the maturity of such Senior Notes and (ii) the date 91 days after the Scheduled Term Maturity Date (as defined in the Existing Credit Agreement); provided that notwithstanding the
foregoing, scheduled amortization payments (however denominated) of such Refinancing Senior Notes Indebtedness shall be permitted so long as the weighted average life to maturity of such Refinancing Senior Notes Indebtedness shall be longer than the
weighted average life to maturity of such Senior Notes remaining as of the date of such extension, renewal or refinancing; (d) the borrower or issuer, as applicable, of such Senior Notes shall be the borrower or issuer, as applicable, of such
Refinancing Senior Notes Indebtedness and none of the Parent, any Applicant or any Subsidiary shall be an obligor (including pursuant to a Guaranty Obligation) if the Parent, such Applicant or Subsidiary was not (or, in the case of after-acquired
 

  
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Subsidiaries, were not required to become) an obligor in respect of such Senior
Notes, and, in each case, such Refinancing Senior Notes Indebtedness shall constitute an obligation of such Subsidiary or of the Applicants only to the extent of their obligations in respect of such Senior Notes; (e) if such Senior Notes shall
have been subordinated to the Obligations, such Refinancing Senior Notes Indebtedness shall also be subordinated to the Obligations on terms not less favorable in any material respect to the Lenders; and (f) such Refinancing Senior Notes
Indebtedness shall not be secured by any Lien on any asset other than the Collateral on a junior priority basis to the Liens on the Collateral securing the Obligations subject to a Junior Intercreditor Agreement.¶ 

“
Register” has the meaning specified in Section 11.2(c)(i). 

“Regulation S-X” means Regulation S-X under the Securities Act of 1933. 

“Regulation T” means Regulation T of the Board of Governors of the Federal Reserve System as from time to time in effect and
any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by and to brokers and dealers of securities for the purpose of purchasing or carrying margin stock (as defined therein). 

“Regulation U” means Regulation U of the Board of Governors of the Federal Reserve System as from time to time in effect and
any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by banks, non-banks and non-broker lenders for the purpose of purchasing or carrying margin stock applicable to member banks
of the Federal Reserve System. 
 “Regulation X” means Regulation X of the Board of Governors of the Federal Reserve System
as from time to time in effect and any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by foreign lenders for the purpose of purchasing or carrying margin stock (as defined
therein). 
 “Reimbursement Agreement” has the meaning specified in Section 2.7(e). 

“Reimbursement Obligations” means all outstanding matured reimbursement or repayment obligations payable to any Issuer with
respect to amounts drawn under Letters of Credit. 
 “Related Obligations” has the meaning specified in
Section 10.8. 
 “Related Parties” means, with respect to any Person, such Person’s Affiliates and the
partners, directors, officers, employees, agents, representatives, attorneys, consultants, advisors and trustees of such Person and of such Person’s Affiliates. 

“Release” means, with respect to any Person, any release, spill, emission, leaking, pumping, injection, deposit, disposal,
discharge, dispersal, leaching or migration, in each case, of any Contaminant into the indoor or outdoor environment or into or out of any 

  
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property owned by such Person, including the movement of Contaminants through or in the air, soil, surface water, ground water or property and, in each case, in violation of Environmental Law.

 “Remedial Action” means all actions required by any applicable Environmental Law to (a) clean up, remove, treat or
in any other way address any Contaminant in the indoor or outdoor environment, (b) prevent the Release or threat of Release or minimize the further Release so that a Contaminant does not migrate or endanger or threaten to endanger public health
or welfare or the indoor or outdoor environment or (c) perform pre-remedial studies and investigations and post-remedial monitoring and care. 

“Requirement of Law” means, with respect to any Person, the common law and all federal, state, local and foreign laws, rules
and regulations, orders, judgments, decrees and other determinations of any Governmental Authority or arbitrator, applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject, including,
without limitation, foreign exchange control, United States foreign assets control, and currency reporting laws and regulations, now or hereafter applicable, and all licensing and other formalities, necessary for the import, export and transport of
any property, including, without limitation, those required by the regulations of the Export Administration of the Bureau of Industry and Security. 

“Requisite Participants” means at any time, Participants having LC Facility Exposure and unused Commitments representing more
than 50% of the sum of all LC Facility Exposure outstanding and unused Commitments at such time; provided that the Commitments and LC Facility Exposure of any Defaulting Participant shall be excluded for purposes of making a determination of
Requisite Participants. 
 “Responsible Officer” means, with respect to any Person, any of the principal executive
officers, managing members, managing directors or general partners of such Person but, in any event, with respect to financial matters, the chief financial officer, treasurer, assistant treasurer or controller of such Person. 

“Restricted Payment” means: 

(a) any dividend,
interest (exclusive of any interest paid in kind on preferred stock
outstanding on the date hereof) or any other distribution or payment, whether direct or indirect, on account of any Stock or Stock Equivalents of the Parent or any of its Restricted
Subsidiaries now or hereafter outstanding, except a dividend, interest or any other distribution or payment payable solely in Stock or Stock Equivalents (other than Disqualified Stock) or
“in-kind” or in lieu of cash or a dividend or distribution payable solely to the Applicants or one or more of the other Subsidiary Guarantors; 

(b) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any Stock or
Stock Equivalents of the Parent or any of its Restricted Subsidiaries now or hereafter outstanding other than one payable solely to the Applicants or one or more of the other Subsidiary Guarantors; and 

  
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 (c) any Investment. 

“Restricted Subsidiary” means a Subsidiary that is not an Unrestricted Subsidiary. For the avoidance of doubt, the Applicants
shall at all times be Restricted Subsidiaries. Except where context requires otherwise, a reference to a “Restricted Subsidiary” shall be a reference to a Restricted Subsidiary of the Parent. 

“S&P” means S&P Global Ratings, a division of S&P Global, Inc., and its successors. 

“Sanctioned Country” means, at any time, a country or territory which is, or whose government is, the subject or target of
any Sanctions. 
 “Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of
designated Persons maintained by OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, any EU member state, the United Kingdom or Canada, (b) any Person operating, organized or resident in a Sanctioned
Country or (c) any Person controlled by any such Person. 
 “Sanctions” means economic or financial sanctions or trade
embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State, or (b) the United Nations Security Council, the European Union, Her
Majesty’s Treasury of the United Kingdom or Global Affairs Canada. 
 “SEC” means the U.S. Securities and Exchange
Commission. 
 “Secured Leverage Ratio” means, as of any date of determination, the ratio of (a) (i) Leverage
Ratio Debt as of such day secured by a Lien on property of the Parent or any of its Restricted Subsidiaries, minus (ii) the Segregated Cash Amount to (b) EBITDA for the most recently ended four Fiscal Quarter period for which
financial statements have been delivered pursuant to Section 6.1(a) or (b). 
 “Secured Parties” means
the Participants, the Issuers, each Agent and any other holder of any Obligation. 
 “Security” means any Stock, Stock
Equivalent, voting trust certificate, bond, debenture, promissory note or other evidence of Indebtedness, whether secured, unsecured, convertible or subordinated, or any certificate of interest, share or participation in, or any temporary or interim
certificate for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the foregoing, but shall not include any evidence of the Obligations. 

“Security Principles” means (A) no actions shall be required under the law of any non-U.S. jurisdiction in order to
create or perfect any security interest other than (x) in respect of Mortgaged Vessels, (y) actions required under the laws of Australia, Canada, Cayman Islands, Curacao, Jersey, Leichtenstein, Panama, the Netherlands, Norway and the

  
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United Kingdom and (z) actions reasonably requested by the Collateral Agent in any other jurisdiction taking into account (1) the materiality of the relevant Collateral, (2) the
cost thereof and (3) the benefits to the Participants afforded thereby and (B) no Lien by any Person organized outside of the United States shall be made that would result in any breach of any law or regulation (or analogous restriction)
of the jurisdiction of organization of such Person or result in a substantial risk to the officers or directors of such Person of a civil or criminal liability; provided that if any actions are not taken in respect of Collateral solely as a result
of this sub-clause (B), the Parent shall, at the reasonable request of the Collateral Agent, diligently pursue any relevant governmental or third party consents or other authority to permit such subsidiary to create or perfect a security
interest in such Collateral or to mitigate such risk of liability. 
 “Segregated Cash Amount” has the meaning specified in
the Existing Credit Agreement as of the date hereof. 
 “Selling Participant” has the meaning specified in Section
11.7(a)(i)(C).¶ 

“Senior
Intercreditor Agreement” means that certain Senior Intercreditor Agreement dated as of the Amendment No. 1 Effective Date by and among the Applicants, the Parent, the other “Grantors” party thereto from time to time, the Priming
Administrative Agent, the Priming Collateral Agent, the Revolving and LC Administrative Agent (as defined in the Existing Credit Agreement), the Collateral Agent, the Term Loan Administrative Agent and the other financial institutions from time to
time party thereto. 
 “Senior Notes” means the 10.625% Senior Notes due May 2024 issued by the U.S.
Applicants. 
 “Solvent” means, as of any date of determination, with respect to any Person: 

(a) the fair value of the property of the Person and its Subsidiaries, on a consolidated basis, is greater than the total amount of the
liabilities, including contingent liabilities, of the Person and its Subsidiaries on a consolidated basis. In computing the amount of any contingent liabilities on such date, such liabilities shall have been computed at the amount that, in light of
all of the facts and circumstances existing on such date, represents the amount that can be reasonably expected to become an actual or matured liability; 

(b) the present fair saleable value of the assets of the Person and its Subsidiaries, on a consolidated basis, is not less than the amount
that will be required to pay the probable liability of the Person and its Subsidiaries, on a consolidated basis, on their debts as they become absolute and matured; 

(c) the Person and its Subsidiaries, on a consolidated basis, do not intend to incur debts or liabilities beyond their ability to pay such
debts and liabilities as they mature in the ordinary course of business; 

  
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 (d) the Person and its Subsidiaries, on a consolidated basis, are not engaged in business or
a transaction for which their property would constitute an unreasonably small capital; and 
 (e) the Person and its Subsidiaries, on a
consolidated basis, are able to pay their debts and liabilities, Contingent Obligations and other commitments as they mature in the ordinary course of business. In computing the amount of any contingent liabilities on such date, such liabilities
shall have been computed at the amount that, in light of all of the facts and circumstances existing on such date, represents the amount that can be reasonably expected to become an actual or matured liability. ¶ 

“Specified Asset Sale”
means (a) any Asset Sale made in reliance on clause (g), (h), (i), or (j) of Section 8.4,
(b) any sale by the Parent or any of its Restricted Subsidiaries of any equity interests in any Restricted Subsidiary and (c) any issuance of Stock or Stock Equivalents by any Restricted Subsidiary, in each case of the
foregoing clauses (a) through (c), resulting in aggregate Net Cash Proceeds exceeding $25,000,000.00 during any Fiscal Year. The term “Specified Asset Sale” shall not include
any Insurance/Condemnation Event. 
 “Stock” means shares
of capital stock (whether denominated as common stock or preferred stock), partnership or membership interests, equity participations or other equivalents (regardless of how designated) of or in a corporation, partnership, limited liability company
or similar business entity, whether voting or non-voting. 
 “Stock Equivalents”
means all securities convertible into or exchangeable for Stock and all warrants, options or other rights to purchase or subscribe for any Stock, whether or not presently convertible, exchangeable or exercisable, but excluding Convertible
Indebtedness. 
 “Sub-Participant” has the meaning specified in Section 11.2(d). 

“Sub-Participant Register” has the meaning specified in Section 11.2(d). 

“Subsidiary” means, with respect to any Person, 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 and in relation to a person incorporated (or
established) in the Netherlands, a “dochtermaatschappij” within the meaning of section 2:24a DCC (regardless whether the shares or voting rights on the shares in such company are held directly or indirectly through another
“dochtermaatschappij”). Unless otherwise specified, all references herein to a “Subsidiary”, “Restricted Subsidiary”, “Restricted Subsidiaries” or “Subsidiaries” shall refer to a Subsidiary,
Restricted Subsidiary, Restricted Subsidiaries or Subsidiaries of the Parent. 

  
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 “Subsidiary Guarantor” means each Guarantor other than the Parent. As of
the Initial Utilization Date, each Person listed on Schedule V hereto is a Subsidiary Guarantor. 
 “Successor
Agent” has the meaning specified in Section 10.6. 
 “Syndication Agents” means each of Barclays Bank
PLC, Crédit Agricole Corporate and Investment Bank and ABN AMRO Capital USA LLC, in its capacity as syndication agent for the credit facility evidenced by this Agreement. 

“Tax Affiliate” means, with respect to any Person, (a) any Subsidiary of such Person, and (b) any Affiliate of such
Person with which such Person files or is eligible to file affiliated, consolidated, combined, unitary or other similar Tax Returns. 

“Tax Return” has the meaning specified in Section 4.8. 

“Taxes” has the meaning specified in Section 2.19(a).¶ 

“Technology
Business” means, collectively, (a) the technology business segment operated by the Parent and its Subsidiaries which provides proprietary technology licenses, associated engineering services, proprietary equipment and catalysts, primarily
for the petrochemical and refining industries, and (b) the engineered products business segment operated by the Parent and its Subsidiaries which provides engineered products for the oil and gas, petrochemical, power generation, water and
wastewater, mining and mineral processing industries, and excluding, for the avoidance of doubt, (i) the Lummus Consultants business, (ii) the minority ownership interest in Net Power LLC owned by Lummus Technology LLC and
(iii) know-how and intellectual property of the Parent and its Subsidiaries, including its patents, designs, digital infrastructure and service techniques, in each case not primarily used in the ordinary course of the business segments
described in (a) and (b), which have been transferred to Lummus Technology and its affiliates pursuant to the Transfer of Proprietary Rights Agreement dated May 10, 2018 between Lummus Technology LLC and J. Ray Holdings Inc., the Transfer
of Propriety Rights Agreement dated May 10, 2018 between McDermott Technology (Americas), Inc., McDermott Technology (US), Inc. and Chicago Bridge & Iron Company and the Transfer of Propriety Rights Agreement dated May 10, 2018
between Lummus Technology LLC, McDermott Technology (Americas), Inc. and McDermott Technology (US), Inc., and otherwise. 

“Term Loan” has the meaning specified in the Existing Credit Agreement as of the date hereof. 

“Termination Date” means the earliest of (a) the Maturity Date and (b) the date on which the termination of all the
Commitments pursuant to Section 2.8 or Section 9.2 has occurred and all the Obligations have become due and payable pursuant to Section 2.8 or Section 9.2. 

  
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 “Title IV Plan” means a pension plan, other than a Multiemployer Plan,
covered by Title IV of ERISA and to which the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate has any obligation or liability (contingent or otherwise). 

“Total Assets” means, on any date of determination, the consolidated total assets of the Parent and its Restricted
Subsidiaries, determined on a consolidated basis in accordance with GAAP, as shown on the most recent balance sheet of the
Parent.¶ 

“Tranche B Funding
Date” has the meaning set forth in the Priming Credit Agreement on the Amendment No. 1 Effective Date. 

“Transactions” means the execution, delivery and performance by each Credit Party of the Credit Documents to which it is to
be a party, the creation of the Liens provided for in the Collateral Documents and, in the case of the Applicants, the issuance of Letters of Credit hereunder. 

“Treasury Management Arrangement” means any arrangement for credit card, cash management, clearing house, wire transfer,
depository, treasury or investment services in connection with any transfer or disbursement of funds through an automated clearinghouse or on a same day or immediate or accelerated availability basis (including all monetary obligations, including
fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise of the Parent or any of its Subsidiaries arising out of any cash management, clearing house, wire transfer, depository, treasury or investment
services) provided to the Parent or any of its Subsidiaries. The designation of any such arrangement as a Treasury Management Arrangement shall not create in favor of the counterparty that is a party thereto any rights in connection with the
management, enforcement or release of any Collateral. 
 “Treasury Regulations” means the final and temporary income Tax
regulations promulgated under the Code, as such regulations may be amended from time to time (including corresponding provisions of succeeding regulations). 

“U.S. Applicants” means McDermott Technology (Americas), Inc. and McDermott Technology (US), Inc. 

“U.S. Subsidiary” means any Subsidiary of the Parent that is organized under the laws of the United States of America, any
State thereof or the District of Columbia. 
 “U.S. Tax Compliance Certificate” has the meaning specified in
Section 2.19(e). 
 “UCC” means the Uniform Commercial Code as the same may, from time to time, be in effect in
the State of New York; provided, however, in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of the 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, the term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such
attachment, perfection or priority and for purposes of definitions related to such provisions. 

  
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 “Undisclosed Administration” means, in relation to a Participant or its
direct or indirect parent company, the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator under or based on the law in the country
where such Participant or such parent company is subject to home jurisdiction supervision if applicable law requires that such appointment is not to be publicly disclosed; provided that such appointment does not result in or provide such
Participant 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 Participant (or appointed Person) to reject, repudiate, disavow or disaffirm
any contracts or agreements made by such Participant. 
 “Undrawn Amounts” means, at any time, the aggregate undrawn face
amount of all Letters of Credit outstanding at such time (or, for any Letter of Credit denominated in an Alternative Currency, the Dollar Equivalent thereof at such time). 

“Unrestricted Subsidiary” means: 

(a) any Captive Insurance Subsidiary; 

(b) the Amazon
Entity; and 

(c) the North Ocean Entity until such time as the NO 105 Indebtedness is paid in full; and¶ 

(d) any other Subsidiary of the Parent (other than an
Applicant) that after the Initial Utilization Date is designated by the board of directors of the Parent as an Unrestricted Subsidiary pursuant to a resolution passed by the board of directors of the Parent, but only to the extent
that:¶ 
 (i) such Subsidiary has no Indebtedness other than Non-Recourse Indebtedness;¶ 

(ii) except as permitted pursuant
to Section 8.8, such Subsidiary is not party to any agreement, contract, arrangement or understanding with the Parent or any Restricted Subsidiary unless the terms of any such agreement or contract are, taken as a whole,
no less favorable to the Parent or such Restricted Subsidiary than those that might be obtained at the time from Persons who are not Affiliates of the Parent;¶ 

(iii) except for equity contribution
obligations in connection with Non-Recourse Indebtedness, such Subsidiary is a Person with respect to which neither the Parent nor any of its Restricted Subsidiaries has any direct or indirect obligation (i) to subscribe for additional Stock or
Stock Equivalents or (ii) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of operating results;¶ 

  
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(iv) the aggregate Fair Market Value of all
outstanding Investments owned by the Parent and its Restricted Subsidiaries in the Subsidiary being so designated and any commitments to make any such Investments would be permitted under Section 8.5 as of the time of the designation;¶ 

(v) immediately before and after such
designation, no Default or Event of Default shall have occurred and be continuing;¶ 

(vi) immediately before and after such
designation, the Applicants shall be in pro forma compliance with Article
V as of the most recent date of determination; ¶ 

(vii) such Subsidiary has also been
designated an Unrestricted Subsidiary under any Permitted Term Refinancing Debt, any Junior Priority Indebtedness, the Senior Notes and any Refinancing Indebtedness in respect of the foregoing;¶ 

(viii) such Subsidiary has not previously
been designated as an Unrestricted Subsidiary; and¶(ix) following any designation as an Unrestricted Subsidiary, such Unrestricted Subsidiary shall not be permitted to own, or hold an exclusive license to, any Material Intellectual
Property.¶ 

Any designation of a Subsidiary of the Parent as an Unrestricted Subsidiary
after the Initial Utilization Date will be evidenced to the Administrative Agent by filing with the Administrative Agent a certified copy of the resolution passed by the board of directors of the Parent giving effect to such designation and a
certificate of a Responsible Officer of the Parent certifying that such designation complied with the preceding conditions, and any such designation shall be effective as of the effective date of such certificate.¶ 
 If, at any time, any
Unrestricted Subsidiary (other than a Captive Insurance Subsidiary or the North Ocean Entity) would fail to meet the requirements of clause
(d)(i), (d)(ii), 
(d)(iii), (d)(iv) 
or (d)(vii) above as an Unrestricted
Subsidiary, it will thereafter cease to be an Unrestricted Subsidiary for purposes of this Agreement and the other Credit Documents and any Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the Parent as of
such date and, if such Indebtedness is not permitted to be incurred as of such date pursuant to Section 8.1, the Applicants will be in default of such covenant.¶

 The board of directors of the Parent may at any time designate
any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that such designation will be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of the Parent of any outstanding Indebtedness of such Unrestricted
Subsidiary and such designation will only be permitted if (i) such Indebtedness is permitted pursuant to Section 8.1; and (ii) no Default or Event of Default would be in existence
following such designation. Upon any such designation of an Unrestricted Subsidiary as a Restricted Subsidiary, the redesignated Subsidiary will become a Guarantor pursuant to, and if required by, Section 7.11. 

  
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 “USA Patriot Act” means the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act, Title III of Pub. L. 107-56 (signed into law October 26, 2001)). 

“Voting Stock” means Stock of any Person having ordinary power to vote in the election of members of the board of directors,
managers, trustees or similar controlling Persons of such Person (irrespective of whether, at the time, Stock of any other class or classes of such entity shall have or might have voting power by reason of the happening of any contingency). 

“Wholly-Owned” means, in respect of any Person, any Subsidiary of such Person, all of the Stock of which (other than
director’s qualifying shares, and the like, as may be required by applicable law) is owned by such Person, either directly or indirectly through one or more Wholly-Owned Subsidiaries thereof. 

“Withdrawal Liability” means, with respect to the Parent, any of its Subsidiaries, any Guarantor or any ERISA Affiliate at any
time, the aggregate liability incurred (whether or not assessed) with respect to all Multiemployer Plans pursuant to Section 4201 of ERISA. 

“Withholding Agent” means any Credit Party, Barclays Bank PLC, New York Branch, and any Successor Agent. 

“Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 

Section 1.2 Computation of Time Periods 

In this Agreement, in the computation of periods of time from a specified date to a later specified date, the word “from”
means “from and including” and, where applicable, the words “to” and “until” each mean “to but excluding” and the word “through” means “to and including.” 

Section 1.3 Accounting Terms and Principles 

(a) Except as set forth below, all accounting terms not specifically defined herein shall be construed in conformity with GAAP and all
accounting determinations required to be made pursuant hereto shall, unless expressly otherwise provided herein, be made in conformity with GAAP. 

(b) If any change in the accounting principles used in the preparation of the most recent Financial Statements referred to in
Section 6.1 is hereafter required or permitted by the rules, regulations, pronouncements and opinions of the Financial 

  
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Accounting Standards Board or the American Institute of Certified Public Accountants (or any successors thereto) and such change is adopted by the Parent without objection from the Parent’s
Accountants and results in a change in any of the calculations required by Article V or VIII had such accounting change not occurred, the parties hereto agree to enter into good faith negotiations in order to amend such provisions so
as to equitably reflect such change with the desired result that the criteria for evaluating compliance with such covenants by the Credit Parties shall be the same after such change as if such change had not been made; provided,
however, that no change in GAAP that would affect a calculation that measures compliance with any covenant contained in Article V or VIII shall be given effect until such provisions are amended to reflect such changes in GAAP.

 (c) Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed,
and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under Statement of Financial Account Standards 159 (or any other Financial Accounting Standard having a similar result or effect) to
value any Indebtedness or other liabilities of the Parent or any of its Subsidiaries at “fair value”, as defined therein. 
 Section 1.4
Certain Terms 
 (a) The words “herein,” “hereof” and “hereunder” and similar words refer to this
Agreement as a whole, and not to any particular Article, Section, subsection or clause in this Agreement. 
 (b) Unless otherwise expressly
indicated herein, (i) references in this Agreement to an Exhibit, Schedule, Article, Section, clause or sub-clause refer to the appropriate Exhibit or Schedule to, or Article, Section, clause or sub-clause in this Agreement, (ii) any
reference herein to any Person shall be construed to include such Person’s successors and assigns, and (iii) the words “above” and “below”, when following a reference to a clause or a sub-clause of any Credit Document,
refer to a clause or sub-clause within, respectively, the same Section or clause. 
 (c) Each agreement defined in this Article I
shall include all appendices, exhibits and schedules thereto.
ReferencesUnless
otherwise specified, references in this Agreement to suchan agreement shall be to such agreement as so amended, restated,
supplemented or modified, unless (i) any consent is required hereunder for an amendment, restatement, supplement or other modification to any such agreement and such consent is not obtained or (ii) it is otherwise specified that such
reference refers to such agreement as of a particular date. 
 (d) References in this Agreement to any statute shall be to such
statute as amended or modified, together with any successor legislation, in each case in effect at the time any such reference is operative unless it is otherwise specified that such reference refers to such statute as of a particular date. 

(e) The term “including” when used in any Credit Document means “including without limitation” except when used in the
computation of time periods. The phrase “in the aggregate”, when used in any Credit Document, means “individually or in the aggregate,” unless otherwise expressly noted. 

  
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 (f) Upon the appointment of any successor Administrative Agent pursuant to
Section 10.6(a), the reference to CA CIB or Barclays, as applicable, in the definition of Dollar Equivalent shall be deemed to refer to the financial institution then acting as the Administrative Agent or one of its Affiliates if it so
designates. 
 (g) 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 the Issuer document related thereto, provides for one or more automatic increases after
such time in the stated amount thereof, the amount of such Letter of Credit shall be deemed for all purposes (other than determining the Participation Fees and Fronting Fees payable in connection with such Letter of Credit) 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 or may occur in the future. 

(h) For all purposes under the Credit Documents, in connection with any division or plan under Delaware law (or any comparable event under a
different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original
Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Stock at such time.¶ 

(i) The phrase
“unmatured or undrawn” when used in any Loan Document means that (i) the beneficiary of the applicable letter of credit, bankers’ acceptance, surety bond, performance bond, bank guarantee or other similar obligation has not made
a bona fide drawing or other demand for funding under such letter of credit, bankers’ acceptance, surety bond, performance bond, bank guarantee or other similar obligation and (ii) the issuer of such letter of credit, bankers’
acceptance, surety bond, performance bond, bank guarantee or other similar obligation shall not have a favorable legal judgment to obtain cash collateral in respect thereof. 

Section 1.5 Dutch Terms 
 (a)
In relation to any entity that is incorporated, or where applicable, has its centre of main interest in the Netherlands, a reference to: 

(i) a moratorium includes voorlopige surseance van betaling or surseance van betaling; 

(ii) winding up, liquidation and reorganization (and any of those terms) includes an entity being declared bankrupt
(failliet verklaard), dissolved (ontbonden) or subjected any
to emergency regulations (noodregeling) on the basis of the Dutch Act on Financial Supervision (Wet op het Financieel Toezicht measures); 

  
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 (iii) admit in writing its inability to pay its debts generally includes
with respect to an entity the filing of any notice under section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990) (“TCA”) or section 60 paragraphs 2 and/or 3 of the Social Insurance Financing Act of the
Netherlands (Wet Financiering Sociale Verzekeringen) in conjunction with section 36 of the TCA; 
 (iv) a security
interest includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), right of retention (recht van retentie), right to reclaim goods (recht
van reclame), and any other rights in rem (zakelijke rechten) or other rights created for the purpose of granting security; 

(v) all necessary corporate, limited liability company or partnership action includes without limitation, where applicable,
(i) compliance with any requirements of the Dutch Works Councils Act (Wet op de ondernemingsraden) or the European Works Councils Act (Wet op de Europese ondernemingsraden) and (ii) having obtained an (x) unconditional
neutral advice (advies) or unconditional positive advice, or (y) a conditional positive advice, from the competent works council. 

For the purpose of this Section 1.5(a)(v): 
  

	 	(A)	 “unconditional neutral advice” and “unconditional positive advice” shall mean an advice
which can be read as an advice to execute and proceed with the proposed decision(s) as described in the request for advice; and 

  

	 	(B)	 “conditional positive advice” shall mean an advice of which all conditions can reasonably be expected
to be satisfied without having a Material Adverse Effect; 

 (vi) an administrator includes a
bewindvoerder and a stille bewindvoerder; 
 (vii) a distribution or dividend includes any distribution of
profits (winstuitkering) or the distribution of reserves (uitkering uit reserves); 
 (viii) organizational
documents means a copy of: 
  

	 	(1)	 the articles of association (statuten); 

 

	 	(2)	 the deed of incorporation (akte van oprichting); and 

  
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	 	(3)	 an up-to-date extract (uittreksel) from the trade register (Handelsregister) of the Dutch chamber
of commerce (Kamer van Koophandel); and 

 (b) officers include managing directors of a Dutch entity. 

ARTICLE II 

LETTERS OF CREDIT 

Section 2.1 [Reserved] 
 Section 2.2
[Reserved] 
 Section 2.3 [Reserved] 

Section 2.4 [Reserved] 
 Section 2.5
Letters of Credit 
 (a) On the terms and subject to the conditions contained in this Agreement, each Issuer agrees to Issue one
or more Performance Letters of Credit at the request of, and for the account of, an Applicant to support obligations of the Parent, such Applicant, any of the Parent’s Subsidiaries or any of the Parent’s or any of its Subsidiaries’
Joint Ventures, from time to time on any Business Day during the period commencing on the Initial Utilization Date and ending on the date that is 30 days before the Maturity Date; provided that no Issuer shall Issue any Letter of Credit upon
the occurrence of any of the following: 
 (i) any order, judgment or decree of any Governmental Authority or arbitrator
shall purport by its terms to enjoin or restrain such Issuer from Issuing such Letter of Credit or any Requirement of Law applicable to such Issuer (including, without limitation, any applicable “know your customer” and anti-money
laundering rules and regulations) or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such Issuer shall prohibit, or request that such Issuer refrain from, the Issuance of
letters of credit generally or such Letter of Credit in particular or shall impose upon such Issuer with respect to such Letter of Credit any restriction or reserve or capital requirement (for which such Issuer is not otherwise compensated) not in
effect on the date of this Agreement or result in any unreimbursed loss, cost or expense that was not applicable, in effect or known to such Issuer as of the date of this Agreement and that such Issuer in good faith deems material to it; 

(ii) such Issuer shall have received written notice from the Administrative Agent, any Participant or an Applicant, on or prior
to the requested date of Issuance of such Letter of Credit, that one or more of the applicable conditions contained in Section 3.2 (with respect to an Issuance on the Initial 

  
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Utilization Date) or 3.3 is not then satisfied or duly waived in accordance with Section 11.1, and such notice has not been revoked by the Person that delivered such notice;

 (iii) after giving effect to the Issuance of such Letter of Credit, (x) the Letter of Credit Obligations would exceed
the Commitments in effect at such time or (y) the aggregate outstanding amount of all Letters of Credit issued by such Issuer would exceed its Issuer Commitment; 

(iv) [reserved]; 

(v) such Letter of Credit is requested to be issued in a form that is not acceptable to such Issuer, in its sole discretion
exercised in a commercially reasonable manner; 
 (vi) with respect to any requested Letter of Credit denominated in an
Alternative Currency, the relevant Issuer or the Administrative Agent shall not have approved such Issuance; 
 (vii) such
Letter of Credit does not comply with such Issuer’s internal policies with respect thereto; or 

(viii) such Letter of Credit is a trade or commercial letter of credit or bank guarantee. ;¶ 
 No Issuer shall be required to Issue any Letter of Credit if any fees due to the applicable Issuer in connection with a requested Issuance have not been paid. For the avoidance of doubt, no
Issuer shall be required to Issue any Letter of Credit other than a Performance Letter of
Credit.¶ 

(ix) any
condition set forth in Section 3.3 to the Priming Credit Agreement has not been met on or before the Tranche B Commitment Termination Date (as defined in the Priming Credit Agreement on the Amendment No. 1 Effective Date), Section 3.4
to the Priming Credit Agreement has not been met on or before the Tranche C Commitment Termination Date (as defined in the Priming Credit Agreement on the Amendment No. 1 Effective Date), or Section 3.5 to the Priming Credit has not been met on
or before the Tranche D Commitment Termination Date (as defined in the Priming Credit Agreement on the Amendment No. 1 Effective Date); or¶ 

(x) such
Letter of Credit is a new Letter of Credit unless the Applicants do not have sufficient availability for the issuance of the requested Letter of Credit under the Priming Credit Agreement. 

  
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 Section 2.6 [Reserved] 

Section 2.7 Letters of Credit Generally 

(a) None of the Participants (other than the Issuers in their capacity as such and on the terms and conditions hereof) shall have any
obligation to Issue any Letter of Credit. 
 (b) In no event shall the expiration date of any Letter of Credit be later than the earlier of
(i) the date that is 12 months from the date of Issuance thereof or such later date as the applicable Issuer may agree in its sole discretion and (ii) the fifth Business Day prior to the Maturity Date or, with the approval of the
applicable Issuer in its sole discretion, any date that is after the fifth Business Day prior to the Maturity Date (including after the Maturity Date); provided, however, that, if the applicable Issuer agrees in its sole discretion,
any Letter of Credit with a fixed term may provide for the auto-renewal thereof for additional periods of not more than 12 months each (each, an “Auto-Renewal LC”); provided, further, that any such Auto-Renewal LC must
permit the applicable Issuer to prevent any such extension at least once in each 12 month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof. If (A) any Issuance or renewal
of a Letter of Credit occurs during the 12 month period prior to the Maturity Date or (B) the Parent requests (and the applicable Issuer approves) the Issuance of a Letter of Credit that expires after the fifth Business Day prior to the
Maturity Date, then on or before the date that is 95 days prior to the Maturity Date (or on the date of such Issuance, if the date of such Issuance is later than the 95th day prior to the Maturity Date), the Applicants shall make arrangements
acceptable to the relevant Issuer in respect of the amount of each such Letter of Credit that expires after the fifth Business Day prior to the Maturity Date (each such Letter of Credit with regard to which acceptable arrangements have been so made,
an “Extended Letter of Credit”). Each Extended Letter of Credit shall, on the Maturity Date and if all Reimbursement Obligations have been repaid in full, for all purposes cease to be a Letter of Credit hereunder and the obligations
(if any) of the Participants to fund or risk participate their Ratable Portions of such Extended Letters of Credit pursuant to clause (i) below shall be terminated on the Maturity Date. After the Maturity Date and the repayment in
full of all Reimbursement Obligations, the terms for release of such cash collateral shall be as agreed from time to time between the Parent and the applicable Issuer; provided that in the absence of such agreement between the Parent and such
Issuer, the terms of this Agreement shall, as among the Parent, the Applicants and such Issuer, continue to govern the fees, costs and expenses payable in respect of such Extended Letters of Credit. 

(c) In connection with the Issuance of each Letter of Credit (or any amendment thereto), the Applicants shall give the relevant Issuer and the
Administrative Agent, at least three Business Days’ (unless the relevant Issuer otherwise agrees) prior written notice, in substantially the form of Exhibit E (or in such other written or electronic form as is acceptable to such Issuer),
of the requested Issuance of such Letter of Credit (a “Letter of Credit Request”); provided, that no Letter of Credit shall be required to be Issued sooner than three Business Days following the date on which the form of such
Letter of Credit has been agreed by the Issuer, the relevant Applicant, and, if such Letter of Credit 

  
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is to be Issued by a correspondent bank of such Issuer, the correspondent bank. Such notice shall be irrevocable on and after the Issuance of such Letter of Credit (and, prior to such Issuance,
may be revoked only with the consent of the Issuer) and shall specify the Issuer of such Letter of Credit, the stated amount of the Letter of Credit requested, the date of Issuance of such requested Letter of Credit, the date on which such Letter of
Credit is to expire (which date shall be a Business Day), and the Person for whose benefit the requested Letter of Credit is to be issued. Unless the relevant Issuer and Administrative Agent otherwise agree, such notice, to be effective, must be
received by the relevant Issuer and the Administrative Agent not later than 11:00 a.m. (London time) on the third Business Day prior to the requested Issuance of such Letter of Credit. 

(d) Subject to (x) the satisfaction of the conditions set forth in this Section 2.7 and (y) receipt from the
Administrative Agent, if requested by the Issuer, of the total outstanding amount of Reimbursement Obligations at such time and any fees and expenses related to Letters of Credit that are due and payable at such time (including the amount of any
outstanding requests for Issuance), the relevant Issuer shall, on the requested date, Issue a Letter of Credit on behalf of the Applicants in accordance with such Issuer’s usual and customary business practices. No Issuer shall Issue any Letter
of Credit in the period commencing on the first Business Day after it receives written notice from the Administrative Agent or any Participant that one or more of the conditions precedent contained in Section 3.3 shall not on such date
be satisfied, and ending when such conditions are satisfied. The relevant Issuer shall not otherwise be required to determine that, or take notice whether, the conditions precedent set forth in Section 2.5(a) and Section 3.3
have been satisfied in connection with the Issuance of any Letter of Credit. 
 (e) If requested by the relevant Issuer, prior to the first
Issuance of a Letter of Credit by such Issuer, and as a condition of such Issuance and of the participation of each Participant in the Letter of Credit Obligations arising with respect thereto, the Applicants and Parent shall have delivered to such
Issuer a letter of credit reimbursement agreement, in such form as such Issuer may employ in its ordinary course of business for its own account (a “Reimbursement Agreement”), signed by the Applicants and the Parent, and such other
documents or items as may be required pursuant to the terms thereof. In the event of any conflict between the terms of any Reimbursement Agreement and this Agreement, the terms of this Agreement shall govern. 

(f) Each Issuer shall: 

(i) give the Administrative Agent written notice (or telephonic notice confirmed promptly thereafter in writing, which writing
may be a telecopy or, if consented to by the Administrative Agent, electronic mail) of the Issuance or renewal of a Letter of Credit issued by it, of all drawings under a Letter of Credit issued by it, the payment (or the failure to pay when due) by
the Applicants of any Reimbursement Obligation and of the cancellation, termination or expiration of any Letter of Credit (of which notice the Administrative Agent shall promptly notify each Participant under the LC Facility); 

  
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 (ii) upon the request of any Participant, furnish to such Participant copies
of any Reimbursement Agreement to which such Issuer is a party and such other documentation as may reasonably be requested by such Participant; and 

(iii) no later than five Business Days following the last Business Day of each calendar quarter, provide to the Administrative
Agent (and the Administrative Agent shall provide a copy to each Participant requesting the same) and the Applicants a schedule of Letters of Credit issued by it, in form and substance reasonably satisfactory to the Administrative Agent, setting
forth the aggregate Letter of Credit Obligations outstanding at the end of each calendar quarter and any information requested by the Applicants or the Administrative Agent relating thereto. 

(g) [reserved]. 
 (h)
[reserved]. 
 (i) The Applicants jointly and severally agree to pay to the Issuer of any Letter of Credit the amount of all Reimbursement
Obligations owing to such Issuer in respect of any Letter of Credit in Dollars (based on the Dollar Equivalent of such payment if such payment was made in an Alternative Currency) no later than the date that is the next succeeding Business Day after
the Applicants receive notice from such Issuer (or, if such notice is not received prior to 11:00 A.M. (London time) on any Business Day, then no later than 10:00 A.M. (London time) on the next succeeding Business Day) that payment has been made
under such Letter of Credit, irrespective of any claim, set-off, defense or other right that any Applicant may have at any time against such Issuer or any other Person. If any Issuer makes any payment under any Letter of Credit and an Applicant
shall not have repaid such amount to such Issuer pursuant to this clause (i) or any such payment in respect thereof is rescinded or set aside for any reason, such Reimbursement Obligation shall be immediately due and payable with
interest thereon at the rate specified in Section 2.13(d), and such Issuer shall promptly notify the Administrative Agent, and the Administrative Agent shall promptly notify each Participant of such failure, and each Participant shall
promptly and unconditionally pay to the Administrative Agent for the account of such Issuer the amount of such Participant’s Ratable Portion in Dollars (based on the Dollar Equivalent thereof if such payment was made in an Alternative Currency)
and in immediately available funds. If the Administrative Agent so notifies such Participant prior to 11:00 a.m. (London time) on any Business Day, such Participant shall make available to the Administrative Agent for the account of such Issuer its
Ratable Portion of the amount of such payment on such Business Day in immediately available funds promptly, but in no event later than three Business Days from such notice. Whenever any Issuer receives from an Applicant a payment of a Reimbursement
Obligation as to which the Administrative Agent has received for the account of such Issuer any payment from a Participant pursuant to this clause (i), such Issuer shall pay to the Administrative Agent and the Administrative Agent shall
promptly pay to such Participant in immediately available funds, an amount equal to such Participant’s Ratable Portion of the amount of such payment adjusted, if necessary, to reflect the respective amounts the Participants have paid in respect
of such Reimbursement Obligation. 

  
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 (j) Each Applicant’s obligation to pay each Reimbursement Obligation and the
obligations of the Participants (except as otherwise set forth in the penultimate sentence of Section 2.7(b)) to make payments to the Administrative Agent for the account of the relevant Issuers with respect to Letters of Credit shall be
absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement, under any and all circumstances whatsoever, including the occurrence of any Default or Event of Default, and irrespective of any
of the following: 
 (i) any lack of validity or enforceability of any Letter of Credit or any Credit Document, or any term
or provision therein; 
 (ii) any amendment or waiver of or any consent to departure from all or any of the provisions of any
Letter of Credit or any Credit Document; 
 (iii) the existence of any claim, set-off, defense or other right that the
Parent, any Applicant, any other party guaranteeing, or otherwise obligated with, the Parent, any Applicant, any Subsidiary or other Affiliate thereof or any other Person may at any time have against the beneficiary under any Letter of Credit, any
Issuer, the Administrative Agent, any Participant or any other Person, whether in connection with this Agreement, any other Credit Document or any other related or unrelated agreement or transaction; 

(iv) any draft or other document presented under a 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; 
 (v) payment by the relevant Issuer
under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit; or 

(vi) any other act or omission to act or delay of any kind of the Issuers, the Participants, the Administrative Agent or any
other Person or any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section 2.7, constitute a legal or equitable discharge of an Applicant’s
obligations hereunder. 
 Any action taken or omitted to be taken by the relevant Issuer under or in connection with any Letter of Credit, if taken or
omitted in the absence of gross negligence or willful misconduct, shall not put such Issuer under any resulting liability to an Applicant or any Participant. In determining whether drafts and other documents presented under a Letter of Credit comply
with the terms thereof, the relevant 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, in making any payment under any
Letter of Credit, such Issuer may rely exclusively on the documents presented to it 

  
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under such Letter of Credit as to any and all matters set forth therein, including reliance on the amount of any draft presented under such Letter of Credit, whether or not the amount due to the
beneficiary thereunder equals the amount of such draft and whether or not any document presented pursuant to such Letter of Credit proves to be insufficient in any respect, if such document on its face appears to be in order, and whether or not any
other statement or any other document presented pursuant to such Letter of Credit proves to be forged or invalid or any statement therein proves to be inaccurate or untrue in any respect whatsoever. Any noncompliance in any immaterial respect of the
documents presented under such Letter of Credit with the terms thereof shall, in any case, be deemed not to constitute willful misconduct or gross negligence of the Issuer. Notwithstanding the foregoing, nothing in this clause (j) shall
be deemed to release any Issuer from liability with respect to its gross negligence or willful misconduct. 
 (k) If and to the extent any
Participant shall not have so made its Ratable Portion of the amount of the payment required by clause (i) above available to the Administrative Agent for the account of an Issuer, such Participant agrees to pay to the
Administrative Agent for the account of such Issuer forthwith on demand any amount so unpaid together with interest thereon, for the first Business Day after payment was first due at the Federal Funds Rate, and thereafter until such amount is repaid
to the Administrative Agent for the account of such Issuer, at a rate per annum equal to the sum of the Base Rate plus the Applicable Margin. The failure of any Participant to make available to the Administrative Agent for the account of an
Issuer its Ratable Portion of any such payment shall not relieve any other Participant of its obligation hereunder to make available to the Administrative Agent for the account of such Issuer its Ratable Portion of any payment on the date such
payment is to be made, but no Participant shall be responsible for the failure of any other Participant to make available to the Administrative Agent for the account of the relevant Issuer such other Participant’s Ratable Portion of any such
payment. 
 (l) The Administrative Agent shall determine the Dollar Equivalent of the maximum stated amount of each Letter of Credit
denominated in an Alternative Currency and each obligation due with respect thereto, and a determination thereof by the Administrative Agent shall be conclusive absent manifest error. The Dollar Equivalent of each Reimbursement Obligation with
respect to a drawn Letter of Credit shall be calculated on the date the relevant Issuer pays the draw giving rise to such Reimbursement Obligation. The Administrative Agent shall determine or redetermine the Dollar Equivalent of the maximum stated
amount of each Letter of Credit denominated in an Alternative Currency, as applicable, on the date of each Issuance of such Letter of Credit and at any time, in the Administrative Agent’s sole discretion. The Administrative Agent may determine
or redetermine the Dollar Equivalent of any Letter of Credit denominated in an Alternative Currency at any time upon request of any Participant or Issuer. 

(m) Each respective Issuer shall furnish the Administrative Agent with (i) a copy of each Letter of Credit Issued by such Issuer promptly
upon the Issuance or renewal of such Letter of Credit and (ii) a copy of any amendment to such Letter of Credit promptly upon the effectiveness of such amendment. 

  
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 (n) Notwithstanding anything in this Agreement to the contrary, no Issuer shall be under any
obligation to Issue any Letter of Credit if any Participant is at that time a Defaulting Participant, unless such Issuer has entered into arrangements, including the delivery of cash collateral, satisfactory to such Issuer (in its sole discretion)
with the Applicants to eliminate such Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.23(a)(iv)) with respect to the Defaulting Participant arising from either the Letter of Credit then proposed to
be Issued or that Letter of Credit and all other Letter of Credit Obligations, as applicable, as to which such Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion. 

Unless otherwise expressly agreed by the applicable Issuer and the applicable Applicant when a Letter of Credit is Issued, the rules of the ISP shall apply to
each Letter of Credit. 
 Section 2.8 Reduction and Termination of the Commitments 

(a) The Applicants may, upon at least three Business Days’ prior notice to the Administrative Agent, terminate in whole or reduce in part
the unused portions of the Commitments; provided, however, that (i) each partial reduction shall be in an aggregate amount that is an integral multiple of $5,000,000.00 and (ii) each such reduction shall be made ratably in
accordance with each Participant’s Commitment. A notice of termination of the Commitments may state that such notice is conditioned upon the effectiveness of other credit facilities or other financing transactions, and if any notice so states
it may be revoked by the applicable Applicant by notice to the Administrative Agent on or prior to the date specified for the termination of the Commitments that the refinancing condition has not been met and the termination is to be revoked. 

Section 2.9 Repayment of Reimbursement Obligations 

(a) The Applicants promise to repay (in cash, in full and in immediately available funds) the entire unpaid principal amount of the
Reimbursement Obligations on the Maturity Date (it being understood that other provisions of this Agreement may require all or part of such Obligations to be repaid earlier). 

Section 2.10 Evidence of Debt 

(a) Each Participant shall maintain in accordance with its usual practice an account or accounts evidencing Reimbursement Obligations owed to
such Participant from time to time, including the amounts of principal and interest payable and paid to such Participant from time to time under this Agreement. 

(b) The Administrative Agent shall maintain accounts in accordance with its usual practice in which it shall record (i) the amount of any
fees or interest due and payable by the Applicants to each Participant hereunder and (ii) the amount of any sum received by the Administrative Agent hereunder from the Applicants, whether such sum constitutes interest, fees, expenses or other
amounts due under the Credit Documents and each Participant’s share thereof. 

  
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 (c) The entries made in the accounts maintained pursuant to clauses (a) and
(b) above shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations recorded therein; provided, however, that the failure of any Participant or the
Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligations of the Applicants to repay the Reimbursement Obligations in accordance with their terms. 

Section 2.11 [Reserved] 

Section 2.12 Cash Collateralization 

(a) [reserved]. 
 (b) [reserved].

 (c) [reserved]. 
 (d)
[reserved]. 
 (e) If, at any time, the aggregate principal amount of Letter of Credit Obligations exceeds the aggregate Commitments at such
time, the Applicants shall within one Business Day provide cash collateral in respect of the Letter of Credit Obligations in the manner set forth in Section 9.3 in an amount equal to 105% of such excess. 

(f) [reserved]. 
 (g) Prior to
or concurrently with any cash collateralization pursuant to this Section 2.12, the Applicants (i) shall notify the Administrative Agent of such cash collateralization and (ii) shall deliver to the Administrative Agent a
certificate of a Responsible Officer of the Parent setting forth the calculation of the amount of the applicable cash collateralization. Each such notice shall be irrevocable and shall specify the payment date and the principal amount of each
Reimbursement Obligation or portion thereof to be cash collateralized and shall be given in writing. Promptly following receipt of any such notice, the Administrative Agent shall advise the Participants of the details thereof. 

Section 2.13 Interest 
 (a)
[Reserved]. 
 (b) Rate of Interest. The outstanding amount of all Obligations shall bear interest from the date such
Obligations are due and payable until, in all cases, paid in full, except as otherwise provided in clause (d) below, at a rate per annum equal to the sum of (i) the Base Rate as in effect from time to time plus
(ii) the Applicable Margin; and 
 (c) Interest Payments. interest accrued on the amount of all Obligations shall be payable on
demand from and after the time such Obligation becomes due and payable (whether by acceleration or otherwise). 

  
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 (d) Default Interest. Notwithstanding the rates of interest specified in clause
(b) above or elsewhere herein, effective immediately upon the occurrence of an Event of Default and for as long thereafter as such Event of Default shall be continuing, the interest rate otherwise in effect shall increase 2.00% per
annum; provided that, the applicable rates of interest with respect to overdue amounts other than Reimbursement Obligations shall be the rate specified in clause (b) above plus 2.00% per annum. 

(e) Additional Reserve Requirements. The Applicants shall pay to each Participant, as long as such Participant shall be required to
comply with any reserve ratio requirement or analogous requirement of any other central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments, 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 by such Participant (as determined by such Participant in good faith, which determination shall be conclusive). Such
additional costs shall be due and payable 10 days from receipt by the Applicants of notice of such additional costs from such Participant (with a copy to the Administrative Agent). 

Section 2.14 [Reserved] 

Section 2.15 Fees 
 (a)
[Reserved]. 
 (b) Commitment Fees. The Applicants jointly and severally agree to pay to the Administrative Agent for the
account of each Participant (except for any Defaulting Participant) a commitment fee (the “Commitment Fee”), accruing at a rate per annum equal to 0.50% on the actual daily amount by which the Commitment of such Participant
exceeds such Participant’s Ratable Portion of the outstanding amount of the Letter of Credit Obligations during the period from the Effective Date until the Termination Date, payable quarterly in arrears (i) no later than the fifth
Business Day after the date on which the Applicants receive an invoice for the amount of the Commitment Fees due and payable for the period and (ii) on the Termination Date. 

(c) Letter of Credit Fees. The Applicants jointly and severally agree to pay the following amounts with respect to Letters of Credit
issued by any Issuer: 
 (i) to each Issuer of a Letter of Credit, with respect to each Letter of Credit issued by such
Issuer, an issuance fee of 0.25% per annum (“Fronting Fees”) of the daily maximum amount available to be drawn under such Letter of Credit (in the case of Letters of Credit denominated in a currency other than Dollars,
based on the Dollar Equivalent of such amount on the last Business Day of such calendar quarter), payable quarterly in arrears (A) no later than the fifth Business Day after the date on which the Applicants receive an invoice for the amount of
the Fronting Fees due and payable for the period and (B) on the Termination Date; 

  
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 (ii) to the Administrative Agent for the account and ratable benefit of the
Participants (except for any Defaulting Participant that has not provided cash collateral satisfactory to the applicable Issuers pursuant to Section 2.7(n)), with respect to each Letter of Credit (but excluding that portion of any such
Letter of Credit that has been cash collateralized by the Applicants pursuant to Section 2.7(n) as a result of any Defaulting Participant), a fee (the “Participation Fee”) accruing at a rate per annum equal to (i) for Letters of Credit (other than (x) Letters of Credit issued after the Amendment No. 1 Effective Date
and (y) with respect to Letters of Credit outstanding on the Amendment No. 1 Effective Date (the “Existing Letters of Credit”) the amount of any increase after the Amendment No. 1 Effective Date to the available amount to be
drawn thereunder), the Applicable LC Fee Rate at such time
and (ii) (1) for Letters of Credit issued after the Amendment No. 1 Effective Date and
(2) with respect to Existing Letters of Credit, the amount of any increase after the Amendment No. 1 Effective Date to the available amount to be drawn thereunder, 5.00%, in each case,
on the daily maximum amount available to be drawn under such Letter of
Credit or the increase of the daily maximum amount available to be drawn under such Letter of Credit, as
applicable (in any case, in the case of any Letter of Credit denominated in a currency other than Dollars, based on the Dollar Equivalent of such amount on the last Business Day of such
calendar quarter) payable quarterly in arrears (x) no later than the fifth Business Day after the date on which the Applicants receive an invoice for the amount of the Participation Fees due and payable for the period and (y) on the
Termination Date, as applicable; provided, however, that during the continuance of an Event of Default, such fee shall be increased by 2.00% per annum and shall be payable on demand upon the election of the Requisite
Participants (except, in each case, if an Event of Default has occurred under Section 9.1(a) or (f), in which case such increase shall be immediate); and 

(iii) to the Issuer of any Letter of Credit, with respect to the Issuance, amendment or transfer of each Letter of Credit and
each drawing made thereunder, documentary and processing charges in accordance with such Issuer’s standard schedule for such charges in effect at the time of Issuance, amendment, transfer or drawing, as the case may be. 

(d) [Reserved]. 
 (e) Additional
Fees. The Parent and the Applicants have agreed to pay to the Agents, the Arrangers, the Bookrunners and the Participants additional fees, the amount and dates of payment of which are embodied in certain fee letters executed and delivered by the
Parent or any Applicants in connection with this Agreement and as may otherwise have been separately agreed upon by the Parent or any Applicant in writing in connection herewith or therewith, including those fees set forth in the Agency Fee Letter.

 (f) Payment of Fees to Participants. The Administrative Agent hereby agrees to pay to each Participant such Participant’s Ratable
Portion of the Commitment Fees, the Participation Fee and any other fees payable to the Administrative Agent for the 

  
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benefit of the Participants, as applicable, received by the Administrative Agent in its capacity as such, promptly following receipt of each of the same from (and only to the extent each such fee
is received from) the Applicants or any other Credit Party; provided that (i) the Ratable Portion of any Commitment Fee shall be calculated without giving effect to the Commitment of any Defaulting Participant and (ii) any Participation
Fees otherwise payable for the account of a Defaulting Participant with respect to any Letter of Credit as to which neither such Defaulting Participant nor the Applicant has provided cash collateral satisfactory to the relevant Issuer pursuant to
Section 2.7(n) shall be payable, to the maximum extent permitted by applicable law, to the other Participants in accordance with the upward adjustments in their respective Ratable Portions allocable to such Letter of Credit pursuant to
Section 2.23(a)(iv), with the balance of such fee, if any, payable to the relevant Issuer for its own account. 
 Section 2.16
Payments and Computations 
 (a) The Applicants shall make each payment hereunder (including fees and expenses) not later than
3:00 p.m. (London time) on the day when due, in Dollars, to the Administrative Agent at its address referred to in Section 11.8 in immediately available funds without set-off or counterclaim. The Administrative Agent shall promptly
thereafter cause to be distributed immediately available funds relating to the payment of principal, interest or fees to the applicable Participants, in accordance with the application of payments set forth in clauses (e) or
(f) below, as applicable, for the account of their respective Applicable Offices; provided, however, that amounts payable pursuant to Section 2.18, Section 2.19 or Section 2.17(c) or
(d) shall be paid only to any affected Participant. Payments received by the Administrative Agent after 3:00 p.m. (London time) shall be deemed (in the Administrative Agent’s sole discretion) to be received on the next Business Day.

 (b) All computations of interest and of fees shall be made by the Administrative Agent on the basis of the actual number of days elapsed
(in each case calculated to include the first day but exclude the last day) (i) over a year of 365 or 366 days, as the case may be, in the case of interest accruing at the Base Rate when the Base Rate is determined by reference to the Prime
Rate, and (ii) over a year of 360 days at all other times. Each determination by the Administrative Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error. 

(c) Whenever any payment hereunder shall be stated to be due on a day other than a Business Day, the due date for such payment shall be
extended to the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be; provided, however, that if such extension would cause
payment to be made in the next calendar month, such payment shall be made on the immediately preceding Business Day. 
 (d) [Reserved]. 

  
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 (e) Subject to the provisions of clause (f) below and the provisions of
Section 2.12 with respect to the application of mandatory prepayments and Section 2.23, all payments and any other amounts received by the Administrative Agent from or for the benefit of any Applicant shall be applied as
follows: first, to pay any portion of the Obligations the Administrative Agent may have advanced pursuant to the express provisions of this Agreement and which have not been reimbursed, second, to pay all other Obligations then due and
payable, and third, as the Applicants so designate. 
 (f) Each Applicant hereby irrevocably waives the right to direct the
application of any and all payments in respect of the Obligations and any net proceeds of Collateral after the occurrence and during the continuance of an Event of Default, whether from a Credit Party’s sale of Collateral or the Collateral
Agent’s or any Secured Party’s receipt of proceeds from any exercise of remedies, and each Applicant and each Participant agrees that, during such time, the Administrative Agent and the Collateral Agent may, and upon either (A) the
written direction of the Requisite Participants or (B) the acceleration of the Obligations pursuant to Section 9.2 shall, apply all payments in respect of any Obligations and all other proceeds of Collateral, in the following order
(subject to any adjustments under Section 2.23(a)(ii)): 
 first, to pay Obligations in respect of any
expense reimbursements or indemnities and any fees then due to the Administrative Agent, the Collateral Agent and the Issuers; 

second, to pay Obligations in respect of any expense reimbursements or indemnities and any fees then due to the
Participants; 
 third, to pay interest on and then principal of the Reimbursement Obligations owed to any Issuer for
which such Issuer has not then been reimbursed by any Participant or the Applicants; and 
 fourth, to pay or prepay
Reimbursement Obligations and other Obligations and to provide cash collateral for outstanding Undrawn Amounts in the manner described in Section 9.3, ratably to the aggregate amount of such Reimbursement Obligations and Undrawn Amounts;

 provided, however, that if sufficient funds are not available to fund all payments to be made in respect of any Obligation described in any
of clauses first through fourth above, the available funds being applied with respect to any such Obligation (unless otherwise specified in such clause) shall be allocated to the payment of such Obligations ratably, based on the
proportion of the interest of the Agent, Participant, Issuer or other Person holding such Obligations in the aggregate outstanding Obligations described in such clauses. 

If any Secured Party collects or receives any amounts or obtains any payment (whether voluntary, involuntary, through the exercise of any right of set-off or
otherwise) on account of the Obligations to which it is not entitled under or in excess of the amount it would be entitled under this Section 2.16(f) if such payment had been received by the Administrative Agent or the Collateral Agent,
such Secured Party shall hold the same in trust for the applicable Secured Parties entitled thereto and shall forthwith deliver the same to the 

  
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Collateral Agent, for the account of such Secured Parties, to be applied in accordance with this Section 2.16(f), in each case until the prior payment in full in cash of the
applicable Obligations of such Secured Parties. 
 Section 2.17 Special Provisions 

(a) [Reserved]. 
 (b)
[Reserved]. 
 (c) Change in Law. If at any time any Participant or an Issuer determines that any Change in Law (including any
change by way of imposition or increase of reserve requirements included in determining the Eurodollar Rate) shall subject any Participant or any Issuer to any Tax (except for Taxes or Other Taxes indemnifiable pursuant to Section 2.19)
on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital and the result of any of the foregoing shall be to increase the cost to such Participant or 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 of any sum received or receivable by such Participant or Issuer hereunder
with respect to a Letter of Credit (whether of principal, interest or any other amount) then the Applicants shall from time to time, upon demand by such Participant or such Issuer (with a copy of such demand to the Administrative Agent), pay to the
Administrative Agent for the account of such Participant or such Issuer additional amounts sufficient to compensate such Participant or such Issuer for such additional cost incurred or reduction suffered. A certificate as to the amount of such
increased cost shall be, together with supporting documents, submitted to the Applicants and the Administrative Agent by such Participant or such Issuer and shall be conclusive and binding for all purposes, absent manifest error. Notwithstanding the
foregoing, except to the extent, if any, the change (or compliance) referred to in such certificate shall be retroactive, the Applicants shall not be required to compensate a Participant or an Issuer pursuant to this clause (c) for any
increased costs or reduction incurred more than 180 days prior to the date of such certificate. The Applicants shall pay such Participant or such Issuer the amount shown as due on any such certificate within 30 days after its receipt of the same.
Notwithstanding the foregoing, no Person shall be entitled to demand compensation for any additional cost or reduction pursuant to this Section 2.17(c) if it is not the general policy or practice of such Person to demand it in similar
circumstances under comparable provisions of other credit agreements (as reasonably determined by such Person). 
 (d) [Reserved].

 (e) [Reserved]. 

(f) Without prejudice to the survival of any other agreement of the Applicants hereunder, the agreements and obligations of the Applicants
under this Section 2.17 shall survive the termination of this Agreement, the Commitments and the repayment, and the satisfaction or discharge of the Obligations. 

  
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 Section 2.18 Capital Adequacy 

If at any time any Participant or any Issuer determines that any Change in Law regarding capital or liquidity requirements has or would have
the effect of reducing the rate of return on such Participant’s or such Issuer’s (or any Person controlling such Participant’s or such Issuer’s) capital as a consequence of its obligations hereunder, under or in respect of any
Letter of Credit to a level below that which such Participant or such Issuer or Person could have achieved but for such Change in Law, then, upon demand from time to time by such Participant or such Issuer, the Applicants shall pay to the
Administrative Agent for the account of such Participant or such Issuer, from time to time as specified by such Participant or such Issuer, additional amounts sufficient to compensate such Participant or such Issuer for such reduction. A certificate
as to such amounts setting forth in reasonable detail the basis for such demand and a calculation for such amount shall be submitted to the Applicants and the Administrative Agent by such Participant or the applicable Issuer and shall be conclusive
and binding for all purposes absent manifest error; provided that no such certificate need disclose any information that is sensitive, confidential or legally restricted. Notwithstanding the foregoing, except to the extent, if any, the change
(or compliance) referred to in any such certificate shall be retroactive, the Applicants shall not be required to compensate a Participant or the applicable Issuer pursuant to this Section 2.18 for any reduction in rates of return with
respect to any period prior to the date that is 180 days prior to the date of each such certificate. Without prejudice to the survival of any other agreement of the Applicants hereunder, the agreements and obligations of the Applicants under this
Section 2.18 shall survive the termination of this Agreement, the Commitments and the repayment, and the satisfaction or discharge of the Obligations. 

Section 2.19 Taxes  
 (a) All
payments by or on account of any obligation of any Credit Party to or for the account of any Participant or Issuer or the Administrative Agent hereunder or under each Credit Document shall be made free and clear of and without deduction or
withholding for any and all 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 (“Taxes”), except pursuant to a Requirement of Law (which for purposes of this Section 2.19 shall include FATCA). If a Withholding Agent shall be required by law (as determined in the good faith
discretion of such Withholding Agent) to deduct or withhold any Taxes from or in respect of any such payment to any Participant or the Administrative Agent then, (i) the applicable Withholding Agent shall be entitled to make such deductions or
withholdings, (ii) the applicable Withholding Agent shall timely pay the full amount withheld or deducted by it to the relevant Governmental Authority in accordance with the applicable Requirement of Law, and (iii) the applicable
Withholding Agent shall furnish to the Administrative Agent (in case the applicable Withholding Agent is a Credit Party) or to the Applicants (in case the applicable Withholding Agent is the Administrative Agent) the original or a certified copy of
a receipt evidencing payment thereof, a copy of the return reporting such payment, or other evidence of such payment reasonably satisfactory to the Administrative Agent or the Applicants (as applicable) within 30 days after such payment

  
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is made. In addition, in the case of any Taxes or Other Taxes (as defined below) that are, in either case, (i) deducted or withheld by a Withholding Agent pursuant to the immediately
preceding sentence and (ii) not an Excluded Tax, the sum payable by the Applicants under the applicable Credit Document shall be increased as necessary so that after making all such required deductions or withholdings for such Taxes or Other
Taxes (including deductions applicable to additional sums payable under this Section 2.19) such Participant or the Administrative Agent (as the case may be) receives an amount equal to the sum it would have received had no such
deductions or withholdings been made. 
 (b) In addition, the Applicants shall timely pay to the relevant Governmental Authority any stamp,
court or documentary, intangible, recording, filing or similar Taxes (including any interest, additions to Tax or penalties applicable thereto), in each case arising from any payment made under any Credit Document or from the execution, delivery or
registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Credit Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment
made pursuant to Section 2.20) (“Other Taxes”) or, at the option of the Administrative Agent, timely reimburse it for the payment of Other Taxes. 

(c) The Applicants hereby agree to indemnify, jointly and severally, the Administrative Agent, each Issuer and each Participant, for the full
amount of Taxes (other than Excluded Taxes) imposed on or with respect to a payment made by or on account of an obligation of any Credit Party under any Credit Document or Other Taxes (including, without limitation, any Taxes or Other Taxes imposed
on amounts payable under this Section 2.19(c)) deducted or withheld by the Applicants or paid by the Administrative Agent or such Participant and any penalties, interest and reasonable expenses arising therefrom or with respect thereto
whether or not such Taxes or Other Taxes were correctly or legally imposed or asserted. Payments due under this indemnification shall be made within 10 days of the date the Administrative Agent or such Participant makes demand therefor. A
certificate as to the amount of such payment or liability delivered to the Applicants by a Participant or the Administrative Agent on its own behalf or on behalf of a Participant or any other Administrative Agent, shall be conclusive absent manifest
error. 
 (d) Without prejudice to the survival of any other agreement of the Applicants hereunder, the agreements and obligations of the
parties contained in this Section 2.19 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Participant, the termination of this Agreement, the Commitments
and the repayment, and the satisfaction or discharge of the Obligations. 
 (e)(i) Any Participant (including, solely for this purpose, the
Administrative Agent and the Issuer) that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Credit Document shall deliver, to the Applicants and the Administrative Agent, at the time or times
reasonably requested by the Applicants or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Applicants or the Administrative Agent as will permit such payments to be made without withholding or
at a reduced rate of withholding. 

  
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In addition, any Participant, if reasonably requested by the Applicants or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by
the Applicants or the Administrative Agent as will enable the Applicants or the Administrative Agent to determine whether or not such Participant 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 sub-clause (ii)(A), (B) or (D) below) shall not be required if in the
Participant’s reasonable judgment such completion, execution or submission would subject such Participant to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Participant. 

(ii) Without limiting the generality of the foregoing, in the event that an Applicant is a “United States Person” as
defined in Section 7701(a)(30) of the Code, 
  

	 	(A)	 any Participant that is a United States Person shall deliver to the Applicants and the Administrative Agent on
or prior to the date on which such Participant becomes a Participant under this Agreement (and from time to time thereafter upon the reasonable request of the Applicants or the Administrative Agent), properly completed and executed copies of IRS
Form W-9 certifying that such Participant is exempt from U.S. federal backup withholding Tax; 

  

	 	(B)	 any non-U.S. Participant shall, to the extent it is legally entitled to do so, deliver to the Applicants and
the Administrative Agent (in such number of copies as shall be requested by the applicable recipient) on or prior to the date on which such non-U.S. Participant becomes a Participant under this Agreement (and from time to time thereafter upon the
reasonable request of the Applicants or the Administrative Agent), whichever of the following is applicable: 

  

	 	(1)	 in the case of a non-U.S. Participant 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 Credit Document, properly completed and executed copies of IRS Form W-8BEN-E or IRS Form W-8BEN, as applicable, 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 Credit Document, properly completed and executed copies of IRS Form W-8BEN-E or IRS Form W-8BEN, as

  
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applicable, 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)	 properly completed and executed copies of IRS Form W-8ECI; 

 

	 	(3)	 in the case of a non-U.S. Participant 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 J-1 to the effect that such non-U.S. Participant is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10
percent shareholder” of any Applicant 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) properly completed and executed copies of IRS Form W-8BEN-E or IRS Form W-8BEN, as applicable; or 

  

	 	(4)	 to the extent a non-U.S. Participant is not the beneficial owner, properly completed and executed copies of IRS
Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN-E or IRS Form W-8BEN, as applicable, a U.S. Tax Compliance Certificate substantially in the form of Exhibit J-2 or Exhibit J-3, IRS Form W-9, and/or other certification
documents from each beneficial owner, as applicable; provided that if the non-U.S. Participant is a partnership and one or more direct or indirect partners of such non-U.S. Participant are claiming the portfolio interest exemption, such
non-U.S. Participant may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit J-4 on behalf of each such direct and indirect partner; 

 

	 	(C)	 any non-U.S. Participant shall, to the extent it is legally entitled to do so, deliver to the Applicants 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 non-U.S. Participant becomes a Participant under this Agreement (and from time to time thereafter upon the reasonable
request of the Applicants or the Administrative Agent), executed copies of any other form prescribed by applicable law as a basis for claiming exemption from or a 

  
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reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Applicants or the Administrative
Agent to determine the withholding or deduction required to be made. 

  

	 	(D)	 If a payment made to a Participant under any Credit Document would be subject to U.S. federal withholding Tax
imposed by FATCA if such Participant 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 Participant shall deliver to the
Applicants and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Applicants 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 Applicants or the Administrative Agent as may be necessary for the Applicants and the Administrative Agent to comply with their obligations
under FATCA and to determine that such Participant has complied with such Participant’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this sub-clause (D),
“FATCA” shall include any amendments made to FATCA after the date of this agreement. 

 Each Participant 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 Applicants and the Administrative Agent in writing of its legal
inability to do so. 
 (f) If any Participant, Issuer or the Administrative Agent receives a refund (or a credit claimed in lieu of a
refund) in respect of any Taxes or Other Taxes as to which it has received a payment from or has been indemnified by a Credit Party pursuant to this Section 2.19 or a similar provision of any Credit Document, which refund or credit in
solely the good faith judgment of such Participant or Issuer or the Administrative Agent, as the case may be, is attributable to such payment or indemnification made by the Credit Party or the associated Tax or Other Tax, it shall notify the
Applicants of such receipt and shall, within 30 days after the later of the receipt of a written request by the Applicants or the receipt or application of such refund or credit (unless such Participant reasonably expects that it shall be required
to repay such refund or credit to the relevant Governmental Authority), pay the amount of such refund or credit to the Applicants, net of all out-of-pocket expenses of such Participant and Taxes imposed on the Participant or Issuer or Administrative
Agent with respect to such amounts, without interest thereon and subject to 

  
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Section 11.6; provided, however, that the Applicants jointly and severally agree to return such refund or credit paid by the Participant, Issuer or the Administrative
Agent pursuant to this paragraph (f) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to such Participant or Issuer or the Administrative Agent within 30 days after receipt of written notice in the
event that such Participant or Issuer or the Administrative Agent is required to repay such refund or credit to the relevant Governmental Authority. Notwithstanding anything to the contrary in this paragraph (f), in no event will a
Participant or Issuer or the Administrative Agent be required to pay any amount to any Credit Party pursuant to this paragraph (f) the payment of which would place the Participant or Issuer or the Administrative Agent in a less favorable
net after-Tax position than the Participant or Issuer or the Administrative Agent would have been in if the Tax subject to indemnification and giving rise to such refund or credit had not been deducted, withheld or otherwise imposed and the
indemnification payments or additional amounts with respect to such Tax had never been paid. Nothing contained in this Section 2.19 shall require any Participant or the Administrative Agent to make available to any Credit Party any Tax
Return or any other document containing information that it deems to be confidential. 
 Section 2.20 Substitution of Participants 

If (a)(i) any Participant makes a claim under Section 2.17(c) or 2.18, (ii) [reserved], (iii) the Applicants are
required to make any payment pursuant to Section 2.19 that is attributable to a particular Participant, or (iv) any Participant becomes a Defaulting Participant, (b) [reserved], and (c) in the case of clause (a)(i)
above, Participants holding at least 75% of the Commitments are not subject to such increased costs or illegality, payment or proceedings (any such Participant, an “Affected Participant”), the Applicants may, at Applicants’
sole effort and expense, substitute another financial institution for such Affected Participant hereunder, upon reasonable prior written notice (which written notice must be given within 90 days following the notification to the Applicants of any
applicable event described in clauses (a)(i), (iii) or (iv) above) by the Applicants to the Administrative Agent and the Affected Participant that the Applicants intend to make such substitution. A substitute financial
institution (x) must be an Eligible Assignee and (y) if not already a Participant in respect of the LC Facility, must be acceptable to the Administrative Agent and each Issuer (each such consent not to be unreasonably withheld, conditioned
or delayed); provided, however, that, if more than one Participant claims increased costs, illegality or right to payment arising from the same act or condition and such claims are received by the Applicants within 30 days of each
other, then the Applicants may substitute all, but not (except to the extent the Applicants have already substituted one of such Affected Participants before the Applicants’ receipt of the other Affected Participants’ claim) less than all,
Participants making such claims. If the proposed substitute financial institution or other entity meets the conditions set forth in clauses (x) and (y) above and the written notice was properly issued under this
Section 2.20, the Affected Participant shall sell and the substitute financial institution or other entity shall purchase, at par plus accrued interest and Participation Fees, all rights and claims of such Affected Participant under the
Credit Documents and such substitute financial institution or other entity shall assume, and the Affected Participant shall be relieved of, its Commitments and all other prior 

  
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unperformed obligations of the Affected Participant under the Credit Documents (other than in respect of any damages (other than exemplary or punitive damages, to the extent permitted by
applicable law) in respect of any such unperformed obligations). Such Affected Participant, upon the effectiveness of such sale, purchase and assumption (that, in any event shall be conditioned upon the payment in full by the Applicants in cash of
all fees, unreimbursed costs and expenses and indemnities accrued and unpaid through such effective date to such Affected Participant), the substitute financial institution or other entity shall become a “Participant” hereunder in respect
of the LC Facility for all purposes of this Agreement (x) having a Commitment in the amount of such Affected Participant’s Commitment assumed by it (if any) and such Commitment of the Affected Participant shall be terminated and
(y) holding the amount of Reimbursement Obligations held by the Affected Participant; provided, however, that all indemnities under the Credit Documents shall continue in favor of such Affected Participant. Such Affected
Participant shall execute and deliver to the Administrative Agent an Assignment and Acceptance to evidence such transfer; provided, however, that the failure of the Affected Participant to execute and deliver such Assignment and
Acceptance shall not invalidate such assignment, and such Assignment and Acceptance shall be deemed to be executed and delivered upon receipt by such Affected Participant of such payment in full. 

Section 2.21 Mitigation 
 If
any Participant requests compensation under Section 2.17(c), or requires the Applicants to pay any Taxes or additional amounts to any Participant, the Administrative Agent or any Governmental Authority for the account of any Participant
pursuant to Section 2.19, then such Participant shall (at the request of the Applicants) use reasonable efforts to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such
Participant, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.17(c) or 2.19, as the case may be, in the future, and (ii) would not subject such Participant to any
unreimbursed cost or expense and would not otherwise be disadvantageous to such Participant. The Applicants hereby agree to pay all reasonable costs and expenses incurred by any Participant in connection with any such designation or assignment. 

Section 2.22 Cash Collateral 

(a) Certain Credit Support Events. At any time that there shall exist a Defaulting Participant, promptly (but in any event within five
Business Days) after the request of the Administrative Agent or any Issuer, the Applicants shall deliver to the Collateral Agent cash collateral in an amount sufficient to cover all Fronting Exposure (after giving effect to
Section 2.23(a)(iv) and any cash collateral provided by the Defaulting Participant). 
 (b) 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 the Collateral Agent (including, in the case of cash collateral provided pursuant to
Section 9.3, the Cash Collateral Account). To the extent provided by the Applicants, the Applicants, and to the extent provided by any Participant, such Participant, hereby 

  
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grants to (and subjects to the control of) the Collateral Agent, for the benefit of the Collateral Agent,
the Administrative Agent, the Issuers and the Participants,
a security interest in all such cash, deposit accounts and all balances therein, and in all proceeds of the foregoing, and to maintain such security interest as a first-priority security interest, all as security for the obligations to which such
cash collateral may be applied pursuant to clause (c) below. If at any time the Collateral Agent determines that cash collateral is subject to any right or claim of any Person other than the Collateral Agent as herein provided, or that
the total amount of such cash collateral is less than the applicable Fronting Exposure and other obligations secured thereby, the Applicants or the relevant Defaulting Participant will, promptly (but in any event within 5 Business Days) after demand
by the Collateral Agent, pay or provide to the Collateral Agent additional cash collateral in an amount sufficient to eliminate such deficiency. 

(c) Application. Notwithstanding anything to the contrary contained in this Agreement, cash collateral provided under this
Section 2.22 or Section 2.5, Section 2.7, Section 2.12, Section 2.16, Section 2.23, or Section 9.3 in respect of Letters of Credit shall be held and applied to the
satisfaction of the specific Letter of Credit Obligations, obligations to fund participations therein (including, as to cash collateral provided by a Defaulting Participant, any interest accrued on such obligation) and other obligations for which
such cash collateral was so provided, prior to any other application of such property as may be provided for herein. 
 (d) Release.
Cash collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or 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 Participant status of the Participant (or, as appropriate, its assignee following compliance with Section 11.2(b)(iv)) or (ii) the Collateral Agent’s good faith determination that
there exists excess cash collateral; provided, however, that (x) cash collateral furnished by or on behalf of a Credit Party shall not be released during the continuance of a Default or Event of Default (and following application
as provided in this Section 2.22 may be otherwise applied in accordance with Section 2.16(e) and (f)), and (y) the Person providing cash collateral and the relevant Issuer may agree that cash collateral shall not
be released but instead held to support future anticipated Fronting Exposure or other obligations. 
 Section 2.23 Defaulting Participants

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

(i) Waivers and Amendments. Each Participant hereby agrees that notwithstanding anything to the contrary herein, no
Defaulting Participant shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and each Participant hereby agrees that any amendment, waiver or consent which by its terms requires the consent of all Participants or
each affected Participant may be effected with the consent of the Participants other than Defaulting Participants), except as provided in the last sentence of Section 11.1(a). 

  
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 (ii) Reallocation of Payments. Any payment of principal, interest,
fees or other amounts received by the Administrative Agent for the account of that Defaulting Participant (whether voluntary or mandatory, at maturity, pursuant to Section 2.12 or otherwise, and including any amounts made available to
the Administrative Agent by the Defaulting Participant pursuant to Section 11.6), shall be applied at such time or times as may be determined by the Administrative Agent as follows: 

first, to the payment of any amounts owing by that Defaulting Participant to the Administrative Agent hereunder; 

second, to the payment on a pro rata basis of any amounts owing by that Defaulting Participant to an Issuer
hereunder; 
 third, if so determined by the Administrative Agent or requested by an Issuer, to be held as cash
collateral for future funding obligations of that Defaulting Participant of any participation in any Letter of Credit; 

fourth, to the payment of any amounts owing to the other Participants or Issuers as a result of any judgment of a court
of competent jurisdiction obtained by any Participant or any Issuer against that Defaulting Participant as a result of that Defaulting Participant’s breach of its obligations under this Agreement; 

fifth, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Applicants as a
result of any judgment of a court of competent jurisdiction obtained by the Applicants against that Defaulting Participant as a result of that Defaulting Participant’s breach of its obligations under this Agreement; and 

sixth, to that Defaulting Participant or as otherwise directed by a court of competent jurisdiction; provided
that if (x) such payment is a payment of the principal amount of any Reimbursement Obligations in respect of which that Defaulting Participant has not fully funded its appropriate share and (y) such Reimbursement Obligations were made at a
time when the conditions set forth in Section 3.3 were satisfied or waived, such payment shall be applied solely to pay the Reimbursement Obligations owed to all Non-Defaulting Participants on a pro rata basis prior to being
applied to the payment of any Reimbursement Obligations owed to that Defaulting Participant. 
 Any payments, prepayments or other amounts
paid or payable to a Defaulting Participant that are applied (or held) to pay amounts owed by a Defaulting Participant or to post cash collateral pursuant to this Section 2.23(a)(ii) shall be deemed paid to and redirected by that
Defaulting Participant, and each Participant irrevocably consents hereto. 

  
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 (iii) Certain Fees. (x) No Defaulting Participant shall be
entitled to receive any Commitment Fee for any period during which that Participant is a Defaulting Participant (and the Applicants shall not be required to pay any such fee that otherwise would have been required to have been paid to that
Defaulting Participant) and (y) each Defaulting Participant shall be limited in its right to receive Participation Fees as provided in Section 2.15(c)(ii). 

(iv) Reallocation of Ratable Portions to Reduce Fronting Exposure. During any period in which there is a Defaulting
Participant, for purposes of computing the amount of the obligation of each Non-Defaulting Participant to acquire, refinance or fund participations in Letters of Credit pursuant to Section 2.7, the “Ratable Portion” of each
Non-Defaulting Participant shall be computed without giving effect to the Commitment of that Defaulting Participant; provided that, (i) each such reallocation shall be given effect only if, at the date the Participant becomes a
Defaulting Participant, no Default or Event of Default exists; and (ii) the aggregate obligation of a Non-Defaulting Participant to acquire, refinance or fund participations in Letters of Credit shall not exceed the positive difference, if any,
of (1) the Commitments of that Non-Defaulting Participant minus (2) the aggregate Letter of Credit Obligations of that Participant. 

(b) Defaulting Participant Cure. If the Applicants, the Administrative Agent and the Issuers agree in writing in their sole discretion
that a Defaulting Participant should no longer be deemed to be a Defaulting Participant, the Administrative Agent will so notify the Applicants, the Participants and the Issuers, 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 Participant will, to the extent applicable, purchase that portion of outstanding Letter of Credit Obligations of the other
Participants and take such other actions as the Administrative Agent may determine to be necessary to cause the Letter of Credit Obligations and participations in Letters of Credit to be held on a pro rata basis by the Participants in
accordance with their Ratable Portions (without giving effect to clause (a)(iv) above), whereupon that Participant will cease to be a Defaulting Participant; provided that no adjustments will be made retroactively with respect to fees
accrued or payments made by or on behalf of the Applicants while that Participant was a Defaulting Participant; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder
from Defaulting Participant to Non-Defaulting Participant and no assignment by a Defaulting Participant will constitute a waiver or release of any claim of any party hereunder arising from that Participant’s having been a Defaulting
Participant. 
 (c) Replacement of Defaulting Participants. If any Participant is a Defaulting Participant, then the Applicants may,
at their sole expense and effort, upon notice to such Participant and the Administrative Agent, require such Participant to be replaced in accordance with Section 2.20. 

  
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 Section 2.24 Incremental Facility Commitments 

(a) [reserved]. 
 (b) From time
to time, following the Initial Utilization Date and prior to the Termination Date, the Applicants may by written notice to the Administrative Agent request to incur incremental commitments consisting of one or more increases to the LC Facility
(each, an “Incremental Facility”, and any additional Commitment provided pursuant to any Incremental Facility, a “New Incremental Commitment”) in an aggregate amount not to exceed the Available Floating LC Amount.

 (c) Each notice described in Section 2.24(b) shall specify (i) the date (each, an “Increased Amount
Date”) on which the Applicants propose that the applicable Incremental Facility shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and
(ii) the identity of each Participant or other Person that is an Eligible Assignee (each such other Person, a “New Participant”) to whom the Applicants propose any portion of such Incremental Facility be allocated and the
amounts of such allocations; provided that the Administrative Agent may elect or decline to arrange such Incremental Facility in its sole discretion and any Participant approached to provide all or a portion of the Incremental Facility may
elect or decline, in its sole discretion, to increase its existing Commitment by providing a New Incremental Commitment. 
 (d) Such New
Incremental Commitments shall become effective, as of such Increased Amount Date; provided that: 
 (i) no Default or
Event of Default shall exist on such Increased Amount Date before or after giving effect to such Incremental Facility; 

(ii) the representations and warranties set forth in Article IV and in the other Credit Documents that have no
materiality or Material Adverse Effect qualification shall be true and correct in all material respects and the representations and warranties set forth in Article IV and in the other Credit Documents that have a materiality or Material
Adverse Effect qualification shall be true and correct in all respects, in each case with the same effect as though made on and as of the Increased Amount Date or, to the extent such representations and warranties expressly relate to an earlier
date, as of such earlier date; 
 (iii) the Applicant shall be in compliance with each of the covenants set forth in
Article V on a pro forma basis on the date of incurrence and for the most recent determination period after giving effect to such Incremental Facility; 

(iv) [reserved]; 

  
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 (v) each New Incremental Commitment shall be effected pursuant to an
increase and joinder agreement (an “Increase and Joinder Agreement”) in form and substance acceptable to the Administrative Agent and each Issuer in its reasonable discretion, which Increase and Joinder Agreement may provide for an
increase in the fees or interest rates applicable to all relevant Obligations, executed and delivered by the Applicants, any existing Participant providing a New Incremental Commitment, any New Participant providing a New Incremental Commitment and
the Administrative Agent and the Issuers, and which shall be recorded in the Register, and each New Participant shall be subject to the requirements set forth in Section 2.17(f); 

(vi) [reserved]; 

(vii) the Applicants shall deliver or cause to be delivered any legal opinions or other documents reasonably requested by the
Administrative Agent in connection with the New Incremental Commitments; and 
 (viii) the Applicants shall make any payments
required pursuant to and in accordance with Section 2.16(e) in connection with the New Incremental Commitments. 
 Notwithstanding anything
herein to the contrary, the Issuers shall have approved the New Incremental Commitments allocated to each Participant thereunder (such approval (other than with respect to Barclays, in its capacity as an Issuer, which shall be in Barclays’ sole
discretion as an Issuer) not to be unreasonably withheld, delayed or conditioned), including with respect to the New Incremental Commitments allocated to each existing Participant providing a New Incremental Commitment and each New Participant. 

(e) On the Increased Amount Date, subject to the satisfaction of the foregoing terms and conditions, (i) each of the existing
Participants shall assign to each of the New Participants, and each of the New Participants shall purchase from each of the existing Participants, at the principal amount thereof (together with accrued interest), such interests in the Letter of
Credit Obligations outstanding on such Increased Amount Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Letter of Credit Obligations will be held by existing Participants and New Participants
ratably in accordance with their Commitments after giving effect to the applicable Incremental Facility, (ii) each New Incremental Commitment shall be deemed for all purposes a Commitment, (iii) each New Participant shall become a
Participant with respect to its New Incremental Commitment and all matters relating thereto and all other matters under this Agreement, and (iv) the Administrative Agent shall notify the Participants (including any New Participants) of the
effectiveness of the applicable Incremental Facility and each Participant’s interests in the outstanding Letter of Credit Obligations after giving effect to the assignments contemplated by this Section 2.24. 

(f) Except as expressly contemplated in this Section 2.24, the terms and provisions of the New Incremental Commitments shall be
identical to the existing Commitments. 

  
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 (g) Each Increase and Joinder Agreement may, without the consent of any other Participants,
effect such amendments to this Agreement and the other Credit Documents as may be necessary or appropriate, in the opinion of the Administrative Agent to effect the provision of this Section 2.24.¶ 
 Section 2.25 Extension Offers¶ 

(a) The Applicants may on one or more occasions, by written
notice to the Administrative Agent, make one or more offers (each, an “Extension Offer”) to all the Participants in respect of any tranche under this LC Facility, on the same terms and conditions to each such
Participant, to make one or more Extension Permitted Amendments pursuant to procedures reasonably specified by the Administrative Agent and reasonably acceptable to the Applicants. Such notice shall set forth (i) the terms and conditions of the
requested Extension Permitted Amendment and (ii) the date on which such Extension Permitted Amendment is requested to become effective (which shall not be less than 10 Business Days nor more than 30 Business Days after the date of such notice,
unless otherwise agreed to by the Administrative Agent). Extension Permitted Amendments shall become effective only with respect to the Commitments of the Participants that accept the applicable Extension Offer (such Participants, the
“Extending Participants”) and, in the case of any Extending Participant, only with respect to such Participant’s Commitments as to which such Participant’s acceptance has been made. No such extension shall
apply to Barclays’ Issuer Commitment (in its capacity as, and solely to the extent it is at the time of such extension, an Issuer) without the consent of Barclays (which it will determine in its sole discretion).¶ 
 (b) An
Extension Permitted Amendment shall be effected pursuant to an Extension Agreement executed and delivered by the Parent, each Applicant, each applicable Extending Participant and the Administrative
Agent; provided that no Extension Permitted Amendment shall become effective unless (i) the conditions set forth in Section 3.3(b) shall have been satisfied or waived with
respect to such Extension Permitted Amendment before and after giving effect to such Extension Permitted Amendment and (ii) the Parent and the Applicants shall have delivered to the Administrative Agent such legal opinions, board resolutions,
officer’s certificates and other documents as shall reasonably be requested by either Administrative Agent in connection therewith. The Administrative Agent shall promptly notify each Participant as to the effectiveness of each Extension
Agreement. Each Extension Agreement may, without the consent of any Participant other than the applicable Extending Participants, effect such amendments to this Agreement and the other Credit Document as may be necessary or appropriate, in the
opinion of the Administrative Agent, to give effect to the provisions of this Section 2.25, including any amendments necessary to treat the Commitments of the Extending Participants as a new “tranche” or
“class” of commitments hereunder.  

  
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 ARTICLE III 

CONDITIONS TO LETTERS OF CREDIT 

Section 3.1 Conditions Precedent to Effectiveness 

The effectiveness of this Agreement and the occurrence of the Effective Date (as defined below) shall occur on the date on which the
Administrative Agent shall have received this Agreement, executed and delivered by each of the parties hereto (such date, the “Effective Date”). 

Section 3.2 Conditions Precedent to Initial Utilization 

The obligation of the Issuers to Issue Letters of Credit shall not become effective until the date on or after the Effective Date and on or
before January 15, 2019 (the “Outside Date”) on which all of the following conditions precedent are satisfied or duly waived by the Participants, the Issuers and the Agents (such date, the “Initial Utilization
Date”): 
 (a) Deliveries at Initial Utilization Date. The Administrative Agent shall have received the Reaffirmation
Agreement, in form and substance reasonably satisfactory to the Administrative Agent, executed and delivered by a Responsible Officer of each Person listed on Schedule V hereto. 

(b) Financial Statements. The Administrative Agent shall have received, for delivery to the Participants, the Closing Date Financial
Statements. 
 (c) Legal Opinions. The Administrative Agent shall have received, on behalf of itself, the Collateral Agent, the
Participants and the Issuers, favorable written opinions, each in form and substance reasonably satisfactory to the Administrative Agent, of (a) Baker Botts L.L.P., counsel to the Credit Parties on the Initial Utilization Date, (b) John M.
Freeman, Senior Vice President and General Counsel of the Parent, (c) Arias Fabrega & Fabrega, special Panamanian counsel to the Parent, and (d) NautaDutilh New York P.C., special Dutch counsel to McDermott Technology, B.V., in
each case dated as of the Initial Utilization Date and addressed to the Administrative Agent, the Collateral Agent, the Participants and the Issuers and addressing such other matters that the Administrative Agent may reasonably request. 

(d) Certificates. The Administrative Agent shall have received (i) a copy of the certificate or articles of incorporation or other
formation documents, including all amendments thereto, of each Person listed on Schedule V hereto, certified, in the case of Credit Parties incorporated in the United States, as of a recent date (or as otherwise reasonably acceptable to the
Administrative Agent) by the appropriate Governmental Authority of the jurisdiction of its organization, and a certificate as to the good standing (if applicable in such jurisdiction) of each Credit Party from such Governmental Authority;
(ii) a certificate of an Authorized Officer, the Secretary or the Assistant Secretary of such Credit Party and with respect to a Dutch Credit Party, by an authorized representative of such Dutch Credit Party, dated the Initial Utilization Date
and certifying (A) that attached 

  
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thereto is a true and complete copy of the by-laws or similar document of such Credit Party as in effect on the Initial Utilization Date and at all times since a date prior to the date of the
resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted by the board of directors (or similar governing body) of such Credit Party authorizing the execution,
delivery and performance of the Credit Documents to which such Person is a party and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation or
other formation documents of such Credit Party have not been amended since the date of the last amendment thereto furnished pursuant to clause (i) above and (D) as to the incumbency and specimen signature of each officer executing
any Credit Document or any other document delivered in connection herewith on behalf of such Credit Party and (iii) a certificate of another officer as to the incumbency and specimen signature of the Authorized Officer, or authorized
representative in the case of a Dutch Credit Party, executing the certificate pursuant to clause (ii) above. 
 (e)
[Reserved]. 
 (f) [Reserved]. 

(g) [Reserved]. 
 (h)
Collateral Documents. The Administrative Agent shall have received the results of a recent customary Lien search in each relevant jurisdiction in the United States with respect to the Parent, the Applicants and those of Persons that shall be
Guarantors as of the Initial Utilization Date (whether as a condition to the Initial Utilization Date or subsequent to the occurrence thereof). The Pledge and Security Agreement (as reaffirmed by the Reaffirmation Agreement), the Reaffirmation
Agreement and the other Collateral Documents listed on Part I of Schedule 3.2 of the Existing Credit Agreement shall be in full force and effect on the Initial Utilization Date, and each document (including each Uniform Commercial Code
financing statement and documentation relating to the Mortgaged Vessels) required to be delivered pursuant to the Pledge and Security Agreement, the Reaffirmation Agreement and such other Collateral Documents on or prior to the Initial Utilization
Date shall have been delivered to the Collateral Agent. The Pledged Stock and the Pledged Notes shall be duly and validly pledged to the Collateral Agent for the ratable benefit of the Secured Parties (subject to the last paragraph of this
Section 3.2), and certificates representing such pledged Collateral (if any), accompanied by instruments of transfer and stock powers endorsed in blank, shall have been delivered to the Collateral Agent. 

(i) Solvency. The Administrative Agent shall have received (a) a certificate of a Responsible Officer of the Parent in the form of
Exhibit I hereto stating that the Applicants and their Subsidiaries, taken as a whole, are Solvent immediately after giving effect to the Transactions to occur on the Initial Utilization Date and (b) a certificate of a Responsible
Officer of the Parent and each Applicant to the effect that the conditions set forth in Section 3.2(m) have been satisfied. 

  
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 (j) USA Patriot Act. To the extent requested at least ten days prior to the Initial
Utilization Date, the Agents and the Participants shall have received all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations,
including, without limitation, the USA Patriot Act and a certification regarding beneficial ownership of legal entity customers (the “Beneficial Ownership Certification”) at least five days prior to the Initial Utilization Date.

 (k) Fees and Expenses. There shall have been paid to the Administrative Agent, for the account of the Administrative Agent and the
Participants, as applicable, and to each Arranger and Bookrunner, for its own account, all fees and expenses (including reasonable fees and expenses of counsel to the Administrative Agent to the extent the Applicants receive invoices therefor at
least one Business Day prior to the Initial Utilization Date) due and payable in connection with this Agreement on or before the Initial Utilization Date, or will be substantially simultaneously, paid (which amounts may be offset against the
proceeds of the LC Facility). 
 (l) [Reserved]. 

(m) Representations. The representations and warranties set forth in Article IV shall be true and correct in all material
respects (except that in the case of any representations and warranties which expressly relate to a given date or period, such representation and warranty shall be true and correct in all material respects as of the respective date or for the
respective period, as the case may be, and that any such representation qualified by materiality or material adverse effect will be true and correct in all respects). 

(n) [Reserved]. 
 (o)
[Reserved]. 
 (p) [Reserved]. 

(q) The Parent shall have delivered to the Administrative Agent Schedule 1.1, Schedule 4.3, Schedule 4.19 and Schedule
8.8 in form and substance reasonably satisfactory to the Administrative Agent. 
 (r) Parent shall have received at least
$300,000,000.00 in aggregate gross proceeds (calculated before giving effect to any fees or original issue discount) from the issuance of shares of Stock of the Parent and/or other securities (including any Stock Equivalents) that are convertible
into Stock of the Parent. 
 (s) The Administrative Agent shall have received an Intercreditor Joinder (as defined in the Collateral Agency
and Intercreditor Agreement), executed and delivered by the Collateral Agent and the Parent. 

  
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 (t) The Parent and the Applicants shall (a) deliver to the Administrative Agent and
Collateral Agent each of the agreements, documents, instruments or certificates described on Schedule 3.2(t), each in form and substance reasonably satisfactory to the Administrative Agent and Collateral Agent and (b) perform each of the
actions described on Schedule 3.2(t), in each case by the Initial Utilization Date or such later date permitted by each of the Administrative Agent and Collateral Agent, in each case in its sole discretion. The provisions of this
Section 3.2(t) shall inure to the benefit of the Collateral Agent, and the Collateral Agent shall have rights as a third party beneficiary of any of such provisions or any obligations with respect hereto. 

For the avoidance of doubt, if the conditions set forth in this Section 3.2 do not occur by the Outside Date, the obligation of each Issuer to
Issue Letters of Credit shall not become effective and this Agreement shall automatically terminate without further action by any party hereto. In addition, notwithstanding anything to the contrary in this Agreement or in any other Credit Document,
to the extent that the Existing Credit Agreement and the Collateral Agency and Intercreditor Agreement permit a security interest in a portion of the Collateral to be provided and/or perfected after the Initial Utilization Date, the provision and/or
perfection of such security interest in such portion of the Collateral will not constitute a condition precedent to the availability of the LC Facility on the Initial Utilization Date (except as provided in Section 3.2(t) above). 

Section 3.3 Conditions Precedent to Each Letter of Credit 

The obligation of the Issuers on any date to Issue any Letter of Credit is subject to the satisfaction of each of the following conditions
precedent: 
 (a) Request for Issuance of Letter of Credit. The relevant Issuer and the Administrative Agent shall have received a
duly executed Letter of Credit Request. 
 (b) Representations and Warranties; No Defaults. The following statements shall be true on
the date of such Issuance, both before and after giving effect thereto: 
 (i) the representations and warranties set forth
in Article IV and in the other Credit Documents that have no materiality or Material Adverse Effect qualification shall be true and correct in all material respects and the representations and warranties set forth in Article IV and in
the other Credit Documents that have a materiality or Material Adverse Effect qualification shall be true and correct in all respects, in each case with the same effect as though made on and as of such date or, to the extent such representations and
warranties expressly relate to an earlier date, as of such earlier date; and 
 (ii) no Default or Event of Default shall
have occurred and be continuing or shall occur as a result of such Issuance or from the application of proceeds thereof. 

  
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 (c) Immediately after giving effect to such Issuance, no more than 250 Letters of Credit
shall be issued and outstanding. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

To induce the Participants, the Issuers and the Administrative Agent to enter into this Agreement, the Parent and each Applicant represents
and warrants each of the following to the Participants, the Issuers and the Administrative Agent, on and as of the Initial Utilization Date and on and as of each date as required by Section 3.3(b)(i). 

Section 4.1 Corporate Existence; Compliance with Law 

Each of the Parent, each Applicant and each Restricted Subsidiary (a) is duly organized, validly existing and, except where the failure to
be in good standing could not reasonably be expected to have a Material Adverse Effect, in good standing, to the extent applicable, under the laws of the jurisdiction of its organization, (b) is duly qualified to do business as a foreign
corporation and in good standing, to the extent applicable, under the laws of each jurisdiction where such qualification is necessary, except where the failure to be so qualified or in good standing could not reasonably be expected to have a
Material Adverse Effect, (c) has all requisite corporate or other organizational power and authority and the legal right to own, pledge, mortgage and operate its properties, to lease the property it operates under lease and to conduct its
business as now or currently proposed to be conducted, (d) is in compliance with its Constituent Documents, (e) is in compliance with all Requirements of Law, including the Investment Company Act of 1940, as amended, except where the
failure to be in compliance could not reasonably be expected to have a Material Adverse Effect; provided, however, that where such compliance relates to any Anti-Corruption Laws, Anti-Money Laundering Laws or Sanctions, each of the
Parent, each Applicant and the Parent’s Subsidiaries are in compliance in all material respects; and (f) has all necessary licenses, permits, consents or approvals from or by, has made all necessary filings with, and has given all
necessary notices to, each Governmental Authority having jurisdiction, to the extent required for such ownership, operation and conduct, except for licenses, permits, consents, approvals or filings that can be obtained or made by the taking of
ministerial action to secure the grant or transfer thereof or the failure of which to obtain or make could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 4.2 Corporate Power; Authorization; Enforceable Obligations 

(a) The execution, delivery, and performance by each Credit Party of the Credit Documents to which it is a party and the consummation of the
Transactions: 
 (i) are within such Credit Party’s corporate, limited liability company, partnership or other
organizational powers; 

  
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 (ii) have been or, at the time of delivery thereof pursuant to this
Agreement will have been duly authorized by all necessary corporate, limited liability company or partnership action, including the consent of shareholders, partners and members where required; 

(iii) do not and will not (A) contravene such Credit Party’s respective Constituent Documents, (B) violate any
other Requirement of Law applicable to such Credit Party (including Regulations T, U and X of the Federal Reserve Board), or any order or decree of any Governmental Authority or arbitrator applicable to such Credit Party, other than any violation of
any Requirement of Law relating to (I) any Excepted Consent having not been obtained at the time such representation is made or (II) any consent, authorization, approval, filing or registration with or from any non-U.S. Governmental Authority
outside the control of the Parent or its Restricted Subsidiaries that the Administrative Agent agrees, in its sole discretion, to be obtained, delivered or filed after the date on which the representation in this clause (iii) is made,
(C) conflict with or result in the breach of, or constitute a default under, or result in or permit the termination or acceleration of, any lawful Contractual Obligation of such Credit Party or any of its Restricted Subsidiaries, other than in
the case of this clause (C) any such conflict, breach, default, termination or acceleration that could not reasonably be expected to have a Material Adverse Effect, or (D) result in the creation or imposition of any Lien upon any
property of such Credit Party, other than those in favor of the Secured Parties pursuant to the Collateral Documents; and 

(iv) do not require the consent of, authorization by, approval of, notice to, or filing or registration with, any Governmental
Authority or any other Person, other than (A) those that have been obtained or made and are in full force and effect, (B) resolutions of the board of directors or other similar authority of each Credit Party that have been (or such later
date upon which such Person becomes a Guarantor), obtained or made, (C) the Excepted Consents, (D) any consent, authorization, approval, filing or registration with or from any non-U.S. Governmental Authority outside the control of the
Parent or its Restricted Subsidiaries that the Administrative Agent agrees, in its sole discretion, to be obtained, delivered or filed after the date on which the representation in this clause (iv) is made, and (E) with respect to
the Collateral, filings required to perfect the Liens created by the Collateral Documents. 
 (b) This Agreement has been, and each of the
other Credit Documents will have been upon delivery thereof pursuant to the terms of this Agreement, duly executed and delivered by each Credit Party who is a party thereto. This Agreement is, and the other Credit Documents will be, when delivered,
the legal, valid and binding obligation of each Credit Party who is a party thereto, enforceable against such Credit Party in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

  
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 Section 4.3 Ownership of Applicants; Subsidiaries 

(a) All of the outstanding capital stock of the Parent and each Applicant is validly issued, fully paid and non-assessable. 

(b) Set forth on Schedule 4.3 is a complete and accurate list showing, as of the Initial Utilization Date, all Subsidiaries of the
Parent and, as to each such Subsidiary, its correct legal name, the jurisdiction of its organization, the number of shares of each class of Stock authorized (if applicable), the number outstanding on the Initial Utilization Date and the percentage
of the outstanding shares of each such class owned (directly or indirectly) by the Parent. Except as set forth on Schedule 4.3, as of the Initial Utilization Date no Stock of any Restricted Subsidiary of the Parent is subject to any
outstanding option, warrant, right of conversion or purchase of any similar right. Except as set forth on Schedule 4.3, all of the outstanding Stock of each Restricted Subsidiary of the Parent owned (directly or indirectly) by the Parent has
been validly issued, is fully paid and non-assessable (to the extent applicable) and is owned by the Parent or a Subsidiary of the Parent, free and clear of all Liens, options, warrants, rights of conversion or purchase or any similar rights. As of
the Initial Utilization Date, except as set forth on Schedule 4.3, neither the Parent nor any such Restricted Subsidiary is a party to, or has knowledge of, any agreement restricting the transfer or hypothecation of any Stock of any such
Subsidiary, other than the Credit Documents and, with respect to any Subsidiary that is not a Wholly-Owned Subsidiary, the governing documents of such Subsidiary. 

Section 4.4 Financial Statements 

(a) The Closing Date Financial Statements, copies of which have been furnished to each Participant, fairly present in all material respects the
consolidated financial condition of the Persons covered thereby as at such dates and the consolidated results of the operations of the Persons covered thereby for the period ended on such dates, all in conformity with GAAP (subject to the absence of
footnote disclosure and normal year-end audit adjustments in the case of the Closing Date Financial Statements referenced in clause (b) of the definition thereof). 

(b) The Projections have been prepared by the Parent taking into consideration past operations of its business, and reflect in all material
respects as of the Initial Utilization Date, projections for the period beginning approximately July 1, 2018 and ending approximately December 31, 2022 on a Fiscal Quarter basis for the Fiscal Quarters ending September 30, 2018 and
December 31, 2018, and on a Fiscal Year by Fiscal Year basis for the Fiscal Years 2019 through 2022. The Projections are based upon estimates and assumptions stated therein, all of which the Parent believes in all material respects as of the
Initial Utilization Date, to be reasonable in light of current conditions and current facts known to the Parent (other than any necessary adjustments due to fees payable in accordance herewith) and, as of the Initial Utilization Date, reflect the
Parent’s good faith estimates of the future financial performance of the Parent and its Subsidiaries and of the other information projected therein for the periods set forth therein (it being understood and agreed that financial projections are
not a guarantee of financial performance and are subject to significant uncertainties and contingencies many of which are beyond the Parent’s control, no assurance can be given that any projections may be realized, and actual results may differ
from the Projections and such differences may be material). 

  
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 (c) Neither the Parent nor any of its Subsidiaries has, as of the Initial Utilization Date,
any material obligation, contingent liability or liability for Taxes, long-term leases (other than operating leases) or unusual forward or long-term commitment that is not reflected in the financial statements referred to in clause
(a) above and not otherwise permitted by this Agreement. 
 (d) The consolidated balance sheets and the related statements of
income and cash flow delivered following the Effective Date pursuant to Section 6.1, copies of which shall be furnished to each Participant, shall fairly present in all material respects the consolidated financial condition of the
Persons covered thereby as at such dates and the consolidated results of the operations of the Persons covered thereby for the period ended on such dates, all in conformity with GAAP. 

Section 4.5 Material Adverse Effect 

Since October 21, 2019, there has been no event or development that has had or
could reasonably be expected to have a Material Adverse
Effect.. 
 Section 4.6 Solvency 

Both beforeFrom and after
giving effect to the Transactions to occur on or prior to the date this representation is madethe Discharge of First Priority Claims, the Parent and its consolidated
Subsidiaries
(both before
 and after
giving effect to the
Transactions), taken as a whole, are Solvent. 

Section 4.7 Litigation 

Except as set forth on Schedule 4.7, there are no pending or, to the knowledge of the Parent or Applicants, threatened actions,
investigations or proceedings against the Parent, any Applicant, or any of the Parent’s other Restricted Subsidiaries before any court, Governmental Authority or arbitrator other than those that, in the aggregate, could not reasonably be
expected to have a Material Adverse Effect. Schedule 4.7 lists all litigation pending against any Credit Party as of the Initial Utilization Date that, if adversely determined, could be reasonably expected to have a Material Adverse Effect.

 Section 4.8 Taxes 
 All
federal income and other material tax returns, reports and statements (collectively, the “Tax Returns”) required to be filed by the Parent or an Applicant or any other Tax Affiliates have been filed with the appropriate Governmental
Authorities in all jurisdictions in which such Tax Returns are required to be filed, all such Tax Returns are true and correct in all material respects, and all material Taxes, charges and other impositions reflected therein or otherwise due and
payable have been paid prior to the date 

  
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on which any fine, penalty, interest, late charge or loss may be added thereto for non-payment thereof (whether or not shown on any Tax Return) except where contested in good faith and by
appropriate proceedings if adequate reserves therefor have been established on the books of the Parent, the Applicants or such Tax Affiliate in conformity with GAAP. The Parent, each Applicant and each other Tax Affiliate have deducted and withheld
and timely paid to the respective Governmental Authorities all material amounts required to be deducted and withheld. 
 Section 4.9 Full
Disclosure 
 The Information Presentation and any other information prepared or furnished by or on behalf of any Credit Party and
delivered to the Participants in writing in connection with this Agreement or the consummation of the transactions contemplated hereunder or thereunder (in each case, taken as a whole), other than any information of a general economic or industry
specific nature, does not, as of the time of delivery of such information, contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein or herein not misleading, other than
information of a general economic or industry nature; provided, however, that, to the extent any such information was based upon, or constituted, a forecast or projection, such Credit Party represents only, in respect of such
projection or forecast, that it acted in good faith and utilized reasonable assumptions and due care in the preparation of such information. 

Section 4.10 Margin Regulations 

No Credit Party is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of
Regulation U of the Federal Reserve Board), and no Letter of Credit will be used to purchase or carry any margin stock or to extend credit to others for the purpose of purchasing or carrying any margin stock in contravention of Regulation T, U or X
of the Federal Reserve Board. Margin stock constitutes less than 25% of the value of those assets of the Parent and its Subsidiaries, taken as a group, which are subject to any limitation on sale, pledge, or other restriction hereunder. 

Section 4.11 No Burdensome Restrictions; No Defaults 

(a) Neither the Parent, any Applicant, nor any other Restricted Subsidiary of the Parent (i) is a party to any Contractual Obligation
(x) the compliance with which could reasonably be expected to have a Material Adverse Effect or (y) the performance of which by any thereof would result in the creation of a Lien (other than a Lien permitted under Section 8.2)
on the property or assets of any thereof or (ii) is subject to any charter restriction that could reasonably be expected to have a Material Adverse Effect. 

(b) NeitherFrom and after the Discharge of First Priority Claims, neither
the Parent, any Applicant, nor any other Restricted Subsidiary of the Parent is in default under or with respect to any Contractual Obligation owed by it, other than, in either case, those defaults that could not reasonably be expected to have a
Material Adverse Effect. 

  
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 (c) No Default or Event of Default has occurred and is continuing. 

Section 4.12 Statutory Indebtedness Restrictions 

Neither the Parent, any Applicant, nor any other Restricted Subsidiary of the Parent is (a) an “investment company” or a company
“controlled” by an “investment company,” as such terms are defined in the Investment Company Act of 1940, as amended or (b) subject to regulation under the Federal Power Act. 

Section 4.13 Use of Proceeds 

(a) [reserved]. 
 (b) [reserved].

 (c) Letters of Credit are being used solely by the Applicants to support warranties, bid bonds, payment or performance obligations and
for other general corporate purposes by the Applicants, the Parent, the Parent’s Subsidiaries, Joint Ventures and Affiliates. 
 (d)
The Applicants will not request any Letter of Credit, and the Parent and each Applicant shall not use, and shall procure that the Parent’s Subsidiaries and their respective directors, officers, employees and agents shall not use, the proceeds
of any Letter of Credit (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of
funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country, in either case in violation of any Sanctions applicable to such Applicant and its Subsidiaries, or
(iii) in any manner that would result in the violation of any Sanctions applicable to any Credit Party or, to the knowledge of the Parent or either Applicant, any other party hereto. 

Section 4.14 Insurance 
 All
material policies of insurance of any kind or nature currently maintained by the Parent, an Applicant or any other Restricted Subsidiary, including policies of fire, theft, property damage, other commercial general liability, employee fidelity and
workers’ compensation, are in full force and effect and are of a nature and provide such coverage as is sufficient and as is customarily carried by businesses of the size and character of such Person. 

Section 4.15 Labor Matters 

(a) There are no strikes, work stoppages, slowdowns or lockouts pending or, to the knowledge of the Parent and each Applicant, threatened
against or involving the Parent or any of its Restricted Subsidiaries, other than those that, in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

  
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 (b) There are no unfair labor practices, grievances or complaints pending, or, to the
knowledge of the Parent and each Applicant, threatened, against or involving the Parent or any of its Restricted Subsidiaries, nor, to the knowledge of the Parent and each Applicant, are there any unfair labor practices, arbitrations or grievances
threatened involving the Parent or any of its Restricted Subsidiaries, other than those that if resolved adversely to the Parent or any of its Restricted Subsidiaries, as applicable, could not reasonably be expected to have a Material Adverse
Effect. 
 (c) Except as set forth on Schedule 4.15, as of the Initial Utilization Date, there is no collective bargaining agreement
covering any employee of the Parent, the Applicants or any other Restricted Subsidiary. Except as set forth on Schedule 4.15, with respect to employees of the Parent, the Applicants or any other Restricted Subsidiary not already covered by a
collective bargaining agreement set forth on Schedule 4.15, as of the Initial Utilization Date no union representation question exists with respect to such employees and, to the knowledge of the Parent and each Applicant, no union
organization activity is taking place as of the Initial Utilization Date. 
 Section 4.16 ERISA 

(a) Each Employee Benefit Plan that is intended to qualify under Section 401 of the Code has received a favorable determination letter
from the IRS indicating that such Employee Benefit Plan is so qualified and nothing has occurred subsequent to the issuance of such determination letter which could cause such Employee Benefit Plan to lose its qualified status and any trust created
under any Employee Benefit Plan is exempt from Tax under the provisions of Section 501 of the Code, except where such failures could not reasonably be expected to have a Material Adverse Effect. 

(b) The Parent, each Applicant and each other Restricted Subsidiary, each Guarantor and each of their respective ERISA Affiliates is in
material compliance with all applicable provisions and requirements of ERISA, the Code and applicable Employee Benefit Plan provisions with respect to each Employee Benefit Plan except for non-compliances that could not reasonably be expected to
have a Material Adverse Effect. 
 (c) With respect to each Title IV Plan and each Multiemployer Plan, the Parent, each Applicant and each
other Restricted Subsidiary, and each of their respective ERISA Affiliates has made all contributions required under ERISA and the Code and, in respect of each Title IV Plan, are in material compliance with the minimum funding standard of
Section 412 of the Code (in each case, whether or not waived in accordance with Section 412(c) of the Code). 
 (d) Except as set
forth on Schedule 4.16(d) to this Agreement, there has not been, nor is there reasonably expected to occur, any ERISA Event other than those that, either individually or in the aggregate, could not reasonably be expected to have a Material
Adverse Effect. 

  
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 (e) Except (i) to the extent required under Section 4980B of the Code or similar
state laws, and (ii) with respect to which the aggregate liability, calculated on a FAS 106 basis as of December 31, 2017, does not exceed $65,000,000.00, no Employee Benefit Plan provides health or welfare benefits (through the purchase
of insurance or otherwise) to any retired or former employees, consultants or directors (or their dependents) of the Parent, any Applicant or any other Restricted Subsidiary of the Parent, or any of their respective ERISA Affiliates. 

(f) Except as set forth on Schedule 4.16(d) to this Agreement, none of the Parent, any Applicant or any other Restricted Subsidiary of
the Parent, or any of their respective ERISA Affiliates has incurred or reasonably expects to incur any Withdrawal Liability with respect to any Multiemployer Plan. The Parent, each Applicant and each other Restricted Subsidiary of the Parent and
each of their respective ERISA Affiliates has complied with the requirements of Section 515 of ERISA with respect to each Multiemployer Plan and are not in material “default” (as defined in Section 4219(c)(5) of ERISA) with
respect to payments to a Multiemployer Plan. 
 (g) The Credit Parties are not and will not be using “plan assets” (within the
meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans to repay the Letters of Credit or the Commitments. 

Section 4.17 Environmental Matters 

Environmental Representations.
Except as disclosed on Schedule 4.17 to this Agreement: 

(a) The operations of the Parent, each Applicant and each other Restricted Subsidiary have been and are in compliance with all Environmental
Laws, including obtaining and complying with all required environmental, health and safety Permits, other than non-compliances that, in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

(b) None of the Parent, any Applicant or any other Restricted Subsidiary or any Real Property currently or, to the knowledge of the Parent or
any Applicant, previously owned, operated or leased by or for the Parent, an Applicant or any other Restricted Subsidiary is subject to any pending or, to the knowledge of the Parent or any Applicant, threatened, claim, order, agreement, notice of
violation, notice of potential liability or is the subject of any pending or threatened proceeding or governmental investigation under or pursuant to Environmental Laws other than those claims, orders, agreements, notices, proceedings or
investigations that, in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 (c) To the knowledge of
the Parent or any Applicant, there are no facts, circumstances or conditions arising out of or relating to the operations or ownership of the Parent or any of its Restricted Subsidiaries or of Real Property owned, operated or leased by the Parent or
any of its Restricted Subsidiaries that are not specifically included in the financial information furnished to the Participants other than those that, in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

  
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 Section 4.18    Intellectual Property 

Except where the failure to do so could not, taken as a whole, reasonably be expected to have a Material Adverse Effect, the Parent, the
Applicants and the other Restricted Subsidiaries own or license or otherwise have the right to use all licenses, permits, patents, patent applications, trademarks, trademark applications, service marks, trade names, copyrights, copyright
applications, franchises, authorizations and other intellectual property rights (including all Intellectual Property as defined in the Pledge and Security Agreement) that are necessary for the operations of their respective businesses, without
infringement upon or conflict with the rights of any other Person with respect thereto. Except where the failure to do so could not, taken as a whole, reasonably be expected to have a Material Adverse Effect, no slogan or other advertising device,
product, process, method, substance, part or component, or other material now employed, or now contemplated to be employed, by the Parent, the Applicants or any other Restricted Subsidiary infringes upon or conflicts with any rights owned by any
other Person, and no claim or litigation regarding any of the foregoing is pending or threatened. 
 Section 4.19    Title;
Real Property 
 (a) Each of the Parent, each Applicant and the other Restricted Subsidiaries has good and marketable title (or the
applicable jurisdictional equivalent of good and marketable title) to, or valid leasehold interests in, or other valid contractual occupancy or use right in, all of its material properties and assets (including each Mortgaged Property) and good
title to, or valid leasehold interests in, all personal property, in each case that is purported to be owned or leased by it, including those reflected on the most recent Financial Statements delivered by the Parent, and none of such properties and
assets is subject to any Lien, except Liens permitted under Section 8.2. The information provided by the Parent to the Administrative Agent, the Collateral Agent and the Participants with respect to each Mortgaged Property is true and
correct in all material respects; provided that any information provided by or on behalf of the Credit Parties in response to flood due diligence and flood insurance compliance inquiries shall be true and correct in all respects. 

(b) Set forth on Schedule 4.19 is a complete and accurate list, as of the Initial Utilization Date, of all (a) owned Real Property
of the Credit Parties (i) located in the United States with a reasonably estimated Fair Market Value in excess of $10,000,000.00 showing, as of the Initial Utilization Date, the street address, county and the record owner thereof and
(ii) located outside of the United States with a reasonably estimated Fair Market Value in excess of $5,000,000.00 showing, as of the Initial Utilization Date, the street address, jurisdiction and the record owner thereof and (b) leased
Real Property of the Credit Parties (i) located in the United States with net annual lease payments in excess of $10,000,000.00 showing, as of the Initial Utilization Date, the street address (or other readily identifiable description) and
county thereof and (ii) located outside of the United States with net annual lease payments in excess of $5,000,000.00 showing, as of the Initial Utilization Date, the street address (or other readily identifiable description) and jurisdiction
thereof. 

  
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 (c) No portion of any Real Property has suffered any material damage by fire or other
casualty loss that has not heretofore been completely repaired and restored to its original condition other than those that could not reasonably be expected to have a Material Adverse Effect. 

(d) Except as could not reasonably be expected to have a Material Adverse Effect, (a) each Credit Party has obtained and holds all
Permits required in respect of its Real Property and for the operation of each of its businesses as presently conducted and as proposed to be conducted, (b) all such Permits are in full force and effect, and each Credit Party has performed and
observed all requirements of such Permits, (c) no event has occurred that allows or results in, or after notice or lapse of time would allow or result in, revocation or termination by the issuer thereof or in any other impairment of the rights
of the holder of any such Permit, (d) [reserved], (e) each Credit Party reasonably believes that each of its Permits will be timely renewed and complied with, and that any additional Permits that may be required of such Person will be
timely obtained and complied with, and (f) neither the Parent, nor either Applicant has any knowledge or reason to believe that any Governmental Authority is considering limiting, suspending, revoking or renewing on materially burdensome terms
any such Permit. 
 (e) None of the Parent, any Applicant or any other Restricted Subsidiary has received any notice, or has any knowledge,
of any pending condemnation proceeding, or of any condemnation proceeding threatened in writing, affecting any material Real Property or any part thereof, except those that could not reasonably be expected to have a Material Adverse Effect. 

(f) Each of the Credit Parties, and, to the knowledge of the Parent and each Applicant, each other party thereto, has complied with all
material obligations under all leases of material Real Property to which it is a party other than those the failure with which to comply could not reasonably be expected to have a Material Adverse Effect and, to the knowledge of the Parent and each
Applicant, all such leases are legal, valid, binding and in full force and effect and are enforceable in accordance with their terms other than those the failure of which to so comply with the foregoing could not reasonably be expected to have a
Material Adverse Effect. No landlord Lien has been filed of record, and, to the knowledge of the Parent and each Applicant, no claim is being asserted, with respect to any lease payment under any lease of Real Property other than those that could
not reasonably be expected to have a Material Adverse Effect. 
 (g) There are no pending or, to the knowledge of the Parent and each
Applicant, proposed special or other assessments for public improvements or otherwise affecting any material portion of the Real Property, nor are there any contemplated improvements to such owned Real Property that may result in such special or
other assessments, other than those that could not reasonably be expected to have a Material Adverse Effect. 

  
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 Section 4.20    Mortgaged Vessels 

Each Mortgaged Vessel (a) is owned and operated by a Subsidiary Guarantor, (b) that is operated, is operated in all material respects
in compliance with all Requirements of Law applicable to it (including, in the case of each Mortgaged Vessel that is in class on the Initial Utilization Date, compliance in all material respects with all requirements of such classification as
required by the relevant classification society for such Mortgaged Vessel) and (c) is maintained in all material respects in accordance with all requirements set forth in the Collateral Documents. Each Mortgaged Vessel is covered by all such
insurance as is required by the respective Mortgage with respect to such Mortgaged Vessel. 
 Section 4.21    Anti-Corruption
Laws and Sanctions 
 The Parent has implemented, maintains in effect and enforces policies and procedures intended to ensure
compliance by the Parent, each Applicant, the other Subsidiaries of the Parent and their respective directors, officers, employees and agents (in their respective activities on behalf of the Parent, each Applicant and the other Subsidiaries of the
Parent) with applicable Anti-Corruption Laws, Anti-Money Laundering Laws and applicable Sanctions, and the Parent, each Applicant and the other Restricted Subsidiaries of the Parent, its and their respective officers and directors and, to the
knowledge of the Parent and each Applicant, employees and agents (in their respective activities on behalf of the Parent, each Applicant and the other Restricted Subsidiaries of the Parent), are in compliance with applicable Anti-Corruption Laws,
Anti-Money Laundering Laws and applicable Sanctions, in each case in all material respects. None of the Parent, any Applicant, any other Restricted Subsidiary of the Parent, any of their respective directors or officers or, to the knowledge of the
Parent, any Applicant or such Subsidiary, any of their respective employees or any of their agents that will act in any capacity in connection with or benefit from the credit facilities established hereby, (a) is a Sanctioned Person with whom
the Parent, the Applicants or such Restricted Subsidiary, as applicable, is prohibited from transacting business pursuant to any applicable Sanction or (b) is currently engaging or has engaged in any dealings or transactions with, involving or
for the benefit of a Sanctioned Person, or in or involving any Sanctioned Country, in each case in violation of applicable Sanctions. 

Section 4.22    EEA Financial Institution 

No Credit Party is an EEA Financial Institution. 

Section 4.23    Security Instruments 

Subject to the Security Principles and the Collateral Agency and Intercreditor Agreement and the terms of the Senior Intercreditor Agreement, the
security interests created in favor of the Collateral Agent for the benefit of the Secured Parties under the Collateral Documents constitute first priority perfected security interests (subject to Liens permitted by Section 8.2) in the
Collateral referred to therein to the extent that the creation, perfection or priority, as applicable, is governed by the laws of the United States, any State thereof or any other jurisdiction under whose laws the Collateral Agent has reasonably

  
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requested action to be taken under Section 7.11(c). Except for filings and actions contemplated hereby and by the Collateral Documents and other filings and actions not required to be
made pursuant to Security Principles, no consents, filings or recordings are required under the laws of the United States, any State thereof or any other jurisdiction under whose laws the Collateral Agent has reasonably requested action to be taken
under Section 7.11(c) in order to perfect, and/or maintain the perfection and priority of, the security interests purported to be created by the Collateral Documents. 

Section 4.24    Regulation H 

No Mortgaged Property located in the United States is a Flood Hazard Property unless the Collateral Agent shall have received the following:
(a) the applicable Credit Party’s written acknowledgment of receipt of written notification from the Collateral Agent (i) as to the fact that such Mortgaged Property is a Flood Hazard Property, (ii) as to whether the community in
which each such Flood Hazard Property is located is participating in the National Flood Insurance Program and (iii) such other flood hazard determination forms, notices and confirmations thereof as reasonably requested by the Collateral Agent
and (b) copies of insurance policies or customary certificates of insurance of the applicable Credit Party evidencing flood insurance and naming the Collateral Agent as loss payee on behalf of the Participants. All flood hazard insurance
policies required hereunder have been obtained and remain in full force and effect, and the premiums thereon have been paid in full. 

Section 4.25    USA Patriot Act 

Each of the Credit Parties and their respective Subsidiaries are in compliance, in all material respects, with (a) the Trading with the
Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto and (b) the USA
Patriot Act. 
 Section 4.26    Beneficial Ownership Certification 

As of the Effective Date, the information included in the Beneficial Ownership Certification is true and correct in all respects. 

ARTICLE V 

FINANCIAL COVENANTS 

From and after the Initial Utilization Date, the Applicants agree with the Participants and the Administrative Agent to each of the following,
as long as any Letter of Credit Obligation or any Commitment remains outstanding: 

  
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 Section 5.1    Fixed Charge Coverage Ratio 

Beginning with the first full Fiscal Quarter ending after the Initial UtilizationAmendment No. 1 Effective Date, the Parent and each
Applicant shall maintain a minimum Fixed Charge Coverage Ratio of at least 1.50:1.00 at the end of each Fiscal Quarter.(a) 0.70:1.00 for the Fiscal Quarters ending December 31, 2019 through June 30, 2020; (b) 1.10:1.00 for the
Fiscal Quarters ending September 30, 2020 and December 31, 2020; (c) 1.20:1.00 for the Fiscal Quarter ending March 31, 2021; (d) 1.40:1.00 for the Fiscal Quarters ending June 30, 2021; (e) 1.30:1.00 for the Fiscal
Quarters ending September 30, 2021 and December 31, 2021; and (f) for each Fiscal Quarter thereafter, 1.50:1.00. 

Section 5.2    Leverage Ratio 

Beginning with the first full Fiscal Quarter ending after the Initial UtilizationAmendment No. 1 Effective Date, the Parent and each
Applicant shall maintain, as of the last day of any Fiscal Quarter, a maximum Leverage Ratio not to exceed 4.25:1.00 through the Fiscal Quarter
ending September 30, 2019; 4.00(a) 11.70:1.00 for the Fiscal Quarter ending December 31, 2019; 3.75:1.00 through(b) 11.60:1.00 for the Fiscal Quarter ending March 31, 2020; (c) 10.30:1.00 for the Fiscal Quarter
ending June 30, 2020; (d) 6.50:1.00 for the Fiscal Quarter ending September 30, 2020; (e) 6.00:1.00 for the Fiscal Quarter ending December 31, 2020; 3.50:100 through(f)
5.30:1.00 for the Fiscal Quarter ending March 31, 2021; (g) 4.80:1.00 for the Fiscal Quarter ending June 30, 2021; (h) 4.70:1.00 for the Fiscal Quarter ending September 30, 2021; (i) 4.80:1.00 for the Fiscal Quarter ending December 31, 2021; and 3.25:1.00(j) for each Fiscal Quarter ending 
thereafter.
, 3.25:1.00. 
 Section 5.3    Minimum Liquidity

 Beginning with the first full Fiscal Quarter ending after the
Initial
UtilizationAmendment No. 1 Effective
Date, the Parent and each Applicant shall maintain a
minimum Liquidity as of the last day of any Fiscal Quarter of not less than $200,000,000.00. 

  
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 ARTICLE VI 

REPORTING COVENANTS 

From and after the Initial Utilization Date, the Parent and each Applicant jointly and severally agree with the Participants, the Issuers and
the Administrative Agent to each of the following, as long as any Obligation or any Commitment remains outstanding: 

Section 6.1    Financial Statements 

The Parent and each Applicant shall furnish each of the following to the Administrative Agent, for delivery to the Participants: 

(a) Quarterly Reports. Within 45 days after the end of each of the first three Fiscal Quarters of each Fiscal Year (unless such period
is extended pursuant to applicable U.S. securities laws, rules, or regulations or SEC guidelines, in which case such deadline will be extended to the earlier of (x) the end of such period and (y) 60 days after the end of such Fiscal
Quarter), consolidated unaudited balance sheets as of the close of such quarter and the related statements of income and cash flow for such quarter and that portion of the Fiscal Year ending as of the close of such quarter, setting forth in
comparative form the figures for the corresponding period in the prior year, in each case certified by a Responsible Officer of the Parent as fairly presenting in all material respects the consolidated financial condition of the Parent and its
Subsidiaries as at the dates indicated and the results of their operations and cash flow for the periods indicated in accordance with GAAP (subject to the absence of footnote disclosure and normal year-end audit adjustments) and accompanied by
customary management discussion and analysis. 
 (b) Annual Reports. Within 75 days after the end of each Fiscal Year (unless such
period is extended pursuant to applicable U.S. securities laws, rules, or regulations or SEC guidelines, in which case such deadline will be extended to the earlier of (x) the end of such period and (y) 120 days after the end of such
Fiscal Year, consolidated balance sheets of the Parent and its Subsidiaries as of the end of such Fiscal Year and related statements of income and cash flows of the Parent and its Subsidiaries for such Fiscal Year, all prepared in conformity with
GAAP and accompanied by customary management discussion and analysis and an audit opinion from Parent’s Accountants and certified, in the case of such consolidated financial statements, without qualification as to the scope of the audit or as
to the Parent being a going concern (other than, prior to the Discharge of First Lien Claims, resulting from
(x) impending debt maturities and (y) any prospective or actual breach of any financial covenant) by the Parent’s Accountants, together with the report of such accounting firm
stating that (i) such financial statements fairly present in all material respects the consolidated financial condition of the Parent and its Subsidiaries as at the dates indicated and the results of their operations and cash flow for the
periods indicated in conformity with GAAP applied on a basis consistent with prior years (except for changes with which the Parent’s Accountants shall concur and that shall have been disclosed in the notes to the financial statements) and
(ii) the examination by the Parent’s Accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards. 

(c) Compliance Certificate. Together with each delivery of any financial statement pursuant to clause (a) or
(b) above, a certificate of a Responsible Officer of the Parent substantially in the form of Exhibit H for delivery to the Participants (each, a “Compliance Certificate”) (i) demonstrating compliance with
each of the financial covenants contained in Section 5.1, Section 5.2 and Section 5.3 in reasonable detail and setting forth a reasonably detailed description of any savings under clause (b)(xi) of the
definition of EBITDA, (ii) identifying any Asset Sale permitted by clauses (g), (h), and (i) of Section 8.4 during the Fiscal Quarter as to which such Compliance Certificate relates (or, in the case of any
Compliance Certificate delivered in connection with the financial statements delivered pursuant to clause (b) above, in the last Fiscal Quarter of such Fiscal Year to which such Compliance Certificate relates) and identifying the
aggregate 

  
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consideration received in connection with each such identified Asset Sale if the aggregate consideration received for such Asset Sale exceeds $10,000,000.00, (iii) setting forth each Person
that is a Material Wholly-Owned Subsidiary of the Parent that is not a Credit Party on the last day of the most recently ended Fiscal Quarter or Fiscal Year for which financial statements have been delivered pursuant clause (a) or
(b) above, as applicable and (iv) stating that no Default or Event of Default has occurred and is continuing or, if a Default or an Event of Default has occurred and is continuing, stating the nature thereof and the action which the
Parent has taken or proposes to take with respect thereto. 
 (d) Budget. Not later than 90 days after the end of each Fiscal Year,
the annual budget of the Parent for the Fiscal Year next succeeding such Fiscal Year then ended, in reasonable detail, as determined by the Administrative Agent (with the understanding that any annual budget in substantially the same form, scope and
substance as the annual budget of the Parent most recently prepared prior to the Initial Utilization Date is in reasonable detail), and reviewed by the board of directors of the Parent, including a projected year-end consolidated balance sheet and
income statement and statement of cash flows. 
 (e) Participant Calls. The Parent shall conduct a conference call that Participants
may attend to discuss the financial condition and results of operations of the Parent and its Restricted Subsidiaries for the most recently ended measurement period for which financial statements have been delivered pursuant to Sections
6.1(a) and (b) (beginning with the fiscal period of the Parent ending December 31, 2018), at a date and time to be determined by the Parent with reasonable advance notice to the Administrative Agent. 

(f) Changes in Ratings. Promptly and in any event within five Business Days after a Responsible Officer of the Parent or any Applicant
obtains actual knowledge of the existence thereof, the Parent or such Applicant, as applicable, shall give the Administrative Agent notice of any announcement by Moody’s or S&P of any change in a corporate rating or corporate family rating
with respect to the Parent or an Applicant that has not been publicly announced or is not otherwise publicly
available.¶ 

(g) Priming Credit
Agreement. Promptly after delivery under the Priming Credit Agreement, the Approved Budget (as defined in the Priming Credit Agreement) in form reasonably approved by the Administrative Agent. 

The Parent, each Applicant and each Participant acknowledge that certain of the Participants may be Public-Side Participants and, if documents or notices
required to be delivered pursuant to this Section 6.1 or otherwise are being distributed through IntraLinks, Debtdomain, SyndTrak, Barclays Deal Vault, Donnelley Financial Solutions Venue or a similar service, any document or notice that
the Parent or any Applicant has indicated contains MNPI shall not be posted on the portion of such service that is designated for Public-Side Participants. The Parent and each of the Applicants jointly and severally agree to clearly identify, in
writing on the face of such information, all information provided to the Administrative Agent by or on behalf of any Credit Party that is suitable to make available to Public-Side Participants. If neither the Parent nor any Applicant has indicated

  
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that a document, notice or other information contains MNPI, the Administrative Agent reserves the right, but shall have no obligation, to post such document or notice solely on the portion of
IntraLinks or other similar service that is designated for
Participants that wish to receive MNPI. 
 Information required to be delivered pursuant to this Section 6.1 shall be deemed to have been
delivered if such information, or one or more annual or quarterly reports containing such information, shall have been posted by the Administrative Agent on IntraLinks, Debtdomain, SyndTrak, Barclays Deal Vault, Donnelley Financial Solutions Venue
or a similar service or shall be available on the website of the SEC at http://www.sec.gov or on the website of the Parent (provided, in each case, that the Parent has notified the Administrative Agent that such information is available on
such website and, if requested by the Administrative Agent, shall have provided hard copies to the Administrative Agent). Information required to be delivered pursuant to this Section 6.1 may also be delivered by electronic
communications pursuant to procedures approved by the Administrative Agent. 
 Section 6.2    Collateral Reporting
Requirements 
 The Parent and each Applicant shall furnish to the Administrative Agent or the Collateral Agent, as applicable, for
delivery to the Participants, each of the following: 
 (a) Updated Corporate Chart. If requested by the Administrative Agent,
together with each delivery of any financial statement pursuant to Section 6.1(b), (i) a corporate organizational chart or other equivalent list, current as of the date of delivery, in form and substance reasonably acceptable to the
Administrative Agent, setting forth, for each of the Credit Parties, all Persons subject to Section 7.11(c), all Subsidiaries of any of them and any Joint Ventures entered into by any of the foregoing, and (ii) a schedule setting
forth, in respect of each such Person, (A) its full legal name, (B) its jurisdiction of organization and organizational number (if any) and (C) the number of shares of each class of its Stock authorized (if applicable), the number
outstanding as of the date of delivery, and the number and percentage of the outstanding shares of each such class owned (directly or indirectly) by the Parent. 

(b) Additional Information. FromReasonably promptly from time to time, statements and schedules
further identifying and describing the Collateral and such other reports in connection with the Collateral, all as the Administrative Agent or Collateral Agent may reasonably request, and in reasonable detail. 

(c) Additional Filings. At any time and from time to time,
reasonably promptly upon the reasonable request of the
Collateral Agent, reasonably promptly after receipt of a request, and at the sole expense of the Credit Parties, duly executed, delivered and recorded instruments and documents for the purpose of obtaining or preserving the full benefits of this Agreement, the Pledge and
Security Agreement (as reaffirmed by the Reaffirmation Agreement) and each other Credit Document and of the rights and powers herein and therein granted (and each Credit Party shall take such further action as the Administrative Agent or Collateral
Agent may reasonably request for such purpose), including the filing of any financing or continuation statement under the UCC or other similar Requirement of Law in effect in any domestic jurisdiction with respect to the security interest created by
the Pledge and Security Agreement. 

  
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 (d) Mortgaged Vessels. IfReasonably promptly
if requested by the Administrative Agent or the Collateral Agent,
reasonably promptly after receipt of a request, an
operating report for the Mortgaged Vessels showing the current customers of such vessels and the current locations of such vessels. In addition, if requested by the Administrative Agent or the Collateral Agent, reasonably promptly after receipt of a request, the Parent shall
give the Administrative Agent or the Collateral Agent written notice of (i) any Mortgaged Vessel commencing a new contract or moving to a work site outside the U.S. Gulf of Mexico and (ii) any bareboat charters of any Mortgaged Vessel and
copies of such charter. 
 (e) Appraisals. (i) No more than once in any twelve month period, within 90 days of a request
of the
CollateralAdministrative
 Agent therefor, updated appraisals for each Mortgaged Vessel performed by an Approved Appraiser and (ii) following the Initial Utilization Date, no more than once in any twenty-four
month period, and within 90 days of a request of the Collateral Agent or a Participant, updated appraisals for any Mortgaged Property located in the United States of America.; provided that such
appraisals of Mortgaged Property shall first be delivered by June 30, 2020. 
 The
reporting requirements set forth in this Section 6.2 are in addition to, and shall not modify and are not in replacement of, any rights and other obligation set forth in any Credit Document (including notice and reporting requirements)
and satisfaction of the reporting obligations in this Section 6.2 shall not, by itself, operate as an update of any Schedule or any schedule of any other Credit Document and shall not cure, or otherwise affect in any way, any Default or
Event of Default, including any failure of any representation or warranty of any Credit Document to be correct in any respect when made. 

Section 6.3    Default Notices 

(a) Promptly and in any event within five Business Days after a Responsible Officer of the Parent or any Applicant obtains actual knowledge of
the existence thereof, the Parent or such Applicant, as applicable, shall give the Administrative Agent, for delivery to the Participants, notice of any Default or Event of Default specifying the details of the occurrence referred to therein,
describing with particularity any and all provisions of this Agreement and any other Credit Document that have been breached, the anticipated effect thereof, and stating what action such Applicant has taken and proposes to take with respect thereto.

 (b) Each notice delivered pursuant to this Section 6.3, if given by telephone, shall be promptly confirmed in writing on or
before the next Business Day. 

  
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 Section 6.4    Litigation 

Promptly after a Responsible Officer of the Parent or any Applicant obtains actual knowledge of the commencement thereof, the Parent shall give
the Administrative Agent, for delivery to the Participants, written notice of the commencement of all actions, suits and proceedings before any domestic or foreign Governmental Authority or arbitrator, regarding the Parent, any Applicant, any of
their respective Subsidiaries or any Joint Venture that (i) seeks injunctive or similar relief that, in the reasonable judgment of any Applicant, if adversely determined, could reasonably be expected to result in a Material Adverse Effect or
(ii) in the reasonable judgment of the Parent could expose an Applicant, the Parent, any Subsidiary or any Joint Venture to liability in an amount aggregating $45,000,000.00 or more or that, if adversely determined, could reasonably be expected
to have a Material Adverse Effect. 
 Section 6.5    Labor Relations 

Promptly after a Responsible Officer of the Parent or an Applicant has actual knowledge of the same, the Parent shall give the Administrative
Agent, for delivery to the Participants, written notice of (a) any material labor dispute to which the Parent, an Applicant or any of their respective Subsidiaries is a party, including any strikes, lockouts or other material disputes relating
to any of such Person’s plants and other facilities, provided that such dispute, strike or lockout involves a work stoppage exceeding 30 days, (b) any material Worker Adjustment and Retraining Notification Act or related liability incurred
with respect to the closing of any plant or other facility of any such Person affecting 300 or more employees of the Parent, the Applicants and their respective Subsidiaries and (c) any material union organization activity with respect to
employees of the Parent, the Applicants or any of their respective Subsidiaries not covered by a collective bargaining agreement as of the Initial Utilization Date. 

Section 6.6    Tax Returns 

Upon the request of any Participant through the Administrative Agent, the Parent and each Applicant shall provide copies of all Tax Returns and
reports filed by the Parent, an Applicant, any of their respective Subsidiaries or any Joint Venture in respect of Taxes measured by income (excluding sales, use and like Taxes). 

Section 6.7    Insurance 

As soon as is practicable and in any event within 90 days after the end of each Fiscal Year, the Parent shall furnish the Administrative Agent,
for delivery to the Participants, with a report in form and substance reasonably satisfactory to the Administrative Agent outlining all material insurance coverage maintained as of the date of such report by the Parent and its Restricted
Subsidiaries and the duration of such coverage. 
 Section 6.8     ERISA Matters 

The Parent shall furnish the Administrative Agent, for delivery to the Participants, with each of the following: 

(a) promptly and in any event within 30 days after a Responsible Officer of the Parent or an Applicant knows, or has reason to know, that any
ERISA Event (except 

  
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for those events set forth on Schedule 4.16(d) to this Agreement) has occurred that, alone or together with any other ERISA Event, could reasonably be expected to result in liability of
the Parent, an Applicant, any Restricted Subsidiary, any Guarantor and/or any ERISA Affiliate in an aggregate amount exceeding $50,000,000.00, written notice describing the nature thereof, what action the Parent, an Applicant, any Subsidiary, any
Guarantor or any of their respective ERISA Affiliates has taken, is taking or proposes to take with respect thereto and, when known by such Responsible Officer, any action taken or threatened by the IRS, the Department of Labor or the PBGC with
respect to such event; 
 (b) promptly and in any event within 10 days after a Responsible Officer of the Parent or an Applicant knows, or
has reason to know, that a request for a minimum funding waiver under Section 412 of the Code has been filed with respect to any Title IV Plan, a written statement of an Authorized Officer of the Parent describing such waiver request and the
action, if any, the Parent, an Applicant, their respective Subsidiaries and their respective ERISA Affiliates propose to take with respect thereto and a copy of any notice filed with the PBGC or the IRS pertaining thereto; 

(c) simultaneously with the date that the Parent, an Applicant, any Subsidiary or any ERISA Affiliate files with the PBGC a notice of intent
to terminate any Title IV Plan, if, at the time of such filing, such termination would require material additional contributions in order to be considered a standard termination within the meaning of Section 4041(b) of ERISA, a copy of each
notice; and 
 (d) promptly, copies of (i) each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by the
Parent, an Applicant, any Subsidiary, any Guarantor or any of their respective ERISA Affiliates with the IRS with respect to each Title IV Plan; (ii) all notices received by the Parent, an Applicant, any Subsidiary, any Guarantor or any of
their respective ERISA Affiliates from a Multiemployer Plan sponsor concerning an ERISA Event that, alone or together with any other ERISA Event, could reasonably be expected to result in liability of the Parent, an Applicant, any Restricted
Subsidiary, any Guarantor and/or any ERISA Affiliate in an aggregate amount exceeding $50,000,000.00; and (iii) copies of such other documents or governmental reports or filings relating to any Employee Benefit Plan as the Administrative Agent
shall reasonably request. 
 Section 6.9     Environmental Matters 

The Parent shall provide the Administrative Agent, for delivery to the Participants, promptly, and in any event in the case of clauses
(a) through (c) within 20 Business Days after any Responsible Officer of the Parent or any Applicant obtains actual knowledge of any of the following, written notice of each of the following: 

(a) that any Credit Party or any Mortgaged Vessel is or may be liable to any Person as a result of a Release or threatened Release that could
reasonably be expected to subject such Credit Party to Environmental Liabilities and Costs of $35,000,000.00 or more; 

  
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 (b) the receipt by any Credit Party of notification that any material real or personal
property or any Mortgaged Vessel of such Credit Party is or is reasonably likely to be subject to any Environmental Lien; 
 (c) the receipt
by any Credit Party of any notice of violation of or potential liability under, or knowledge by a Responsible Officer of the Parent or an Applicant that there exists a condition that could reasonably be expected to result in a violation of or
liability under, any Environmental Law, except for violations and liabilities the consequence of which, in the aggregate, could not reasonably be expected to subject the Credit Parties collectively to Environmental Liabilities and Costs of
$35,000,000.00 or more; and 
 (d) promptly following reasonable written request by any Participant through the Administrative Agent, a
report providing an update of the status of any environmental, health or safety compliance, hazard or liability issue identified in any notice or report delivered pursuant to this Section 6.9. 

Section 6.10     Patriot Act Information 

Each Participant, each Issuer, the Collateral Agent and the Administrative Agent (each for itself and not on behalf of any other Person) hereby
notifies the Parent and the Applicants that pursuant to the requirements of the USA Patriot Act, it is required to obtain, verify and record information that identifies the Parent and the Applicants, which information includes the name and address
of the Parent and the Applicants and other information that will allow such Participant, such Issuer or the Administrative Agent, as applicable, to identify the Parent and the Applicants in accordance with the USA Patriot Act. The Parent and the
Applicants shall promptly, following a request by any Agent, any Issuer or any Participant, provide all documentation and other information that such Agent, such Issuer or such Participant reasonably requests in order to comply with its ongoing
obligations under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the USA Patriot Act. 

Section 6.11     Other Information 

The Parent and each Applicant
shall reasonably promptly provide the Administrative Agent,
any Participant or any Issuer with any information reasonably requested by the Administrative Agent, such Participant or such Issuer through the Administrative Agent respecting the business, properties, condition, financial or otherwise, or
operations of the Parent, an Applicant, any Subsidiary or any Joint Venture, including any information requested by the Administrative Agent or any Participant concerning the calculation of EBITDA in any Compliance Certificate delivered to the
Participants pursuant to Section 6.1(c) in a form acceptable to the Administrative Agent. The Administrative Agent shall provide copies of any written information provided to it pursuant to this Article VI to any Participant
requesting the same. 

  
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 ARTICLE VII 

AFFIRMATIVE COVENANTS 

From and after the Initial Utilization Date, the Parent and each Applicant jointly and severally agree with the Participants, the Issuers and
the Administrative Agent to each of the following, as long as any Obligation or any Commitment remains outstanding: 

Section 7.1    Preservation of Corporate Existence, Etc. 

The Parent and the Applicants shall, and shall cause each of their respective Restricted Subsidiaries to, preserve and maintain its legal
existence, rights (charter and statutory) and franchises, except as permitted by Sections 8.4, 8.5 and 8.6 and except if, in the reasonable business judgment of the Parent or the Applicants, it is in the business interest of the
Parent, an Applicant or such Restricted Subsidiary not to preserve and maintain such legal existence (except with respect to the Applicants), rights (charter and statutory) and franchises, and such failure to preserve the same could not reasonably
be expected to have a Material Adverse Effect and could not reasonably be expected to materially affect the interests of the Secured Parties under the Credit Documents or the rights and interests of any of them in the Collateral. 

Section 7.2    Compliance with Laws, Etc. 

(a) The Parent and the Applicants shall, and shall cause each of their respective Restricted Subsidiaries to, comply with all applicable
Requirements of Law, Contractual Obligations and Permits, except where the failure so to comply could not reasonably be expected to have a Material Adverse Effect. 

(b) The Parent and the Applicants shall at all times maintain in effect and enforce policies and procedures intended to ensure compliance by
the Parent, its Subsidiaries and their respective directors, officers, employees and agents with applicable Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions. 

Section 7.3 Conduct of Business 

The Parent and the Applicants shall, and shall cause each of their respective Restricted Subsidiaries to, (a) conduct its business in the
ordinary course (except for non-material changes in the nature or conduct of its business as carried on as of the Initial Utilization Date) and (b) use its reasonable efforts, in the ordinary course, to preserve its business and the goodwill
and business of the customers, suppliers and others having business relations with the Parent, the Applicants, or any of its Restricted Subsidiaries, except where the failure to comply with the covenants in each of clauses (a) and
(b) above could not reasonably be expected to have a Material Adverse Effect. 

  
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 Section 7.4    Payment of Taxes, Etc. 

The Parent and the Applicants shall, and shall cause each of their respective Restricted Subsidiaries to, pay and discharge before the same
shall become delinquent, all lawful governmental claims, Taxes, assessments, charges and levies, except where (a) contested in good faith, by proper proceedings and adequate reserves therefor have been established on the books of the Parent,
the Applicants or the appropriate Restricted Subsidiary in conformity with GAAP or (b) the failure to so pay and discharge could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 7.5    Maintenance of Insurance 

The Parent and the Applicants shall, and shall cause each of its Restricted Subsidiaries to, (a) maintain insurance with responsible and
reputable insurance companies or associations in such amounts and covering such risks as, in the reasonable determination of the Parent, is usually carried by companies engaged in similar businesses and owning similar properties in the same general
areas in which the Parent or such Subsidiary operates; provided that, with respect to the Mortgaged Vessels, the Parent shall be required to provide or cause to be provided only such insurance as is required by the Collateral Documents,
(b) the Parent, the Applicants and each other applicable Credit Party shall, without limiting the foregoing, at all times, (i) maintain, if available, fully paid flood hazard insurance with respect to each Mortgaged Property containing a
Building (as defined in Section 208.25 of Regulation H of the FRB) that is located in a special flood hazard area, as designated by the Federal Emergency Management Agency of the United States Department of Homeland Security
(“FEMA”), on such terms and in such amounts as required by The National Flood Insurance Reform Act of 1994 or as otherwise reasonably required by the Collateral Agent, (ii) upon request, furnish to the Collateral Agent, for
delivery to the Administrative Agent and the Participants, evidence of the renewal of all such policies, and (iii) furnish to the Collateral Agent, for delivery to the Administrative Agent and the Participants, written notice of any
redesignation by FEMA of any such Building into or out of a special flood hazard area promptly upon obtaining knowledge of such redesignation. Additionally, the Parent and the Applicants shall deliver to the Collateral Agent, for delivery to the
Administrative Agent and the Participants, (x) standard flood hazard determination forms and (y) if any Mortgaged Property is located in a special flood hazard area (A) notices to (and confirmations of receipt by) such Credit Party as
to the existence of a special flood hazard and, if applicable, the unavailability of flood hazard insurance under the National Flood Insurance Program and (B) evidence of applicable flood insurance, if available, in each case in such form, on
such terms and in such amounts as required by The National Flood Insurance Reform Act of 1994 or as otherwise required by the Collateral Agent, and (c) cause all property and general liability insurance policies (i) to name the Collateral
Agent on behalf of the Secured Parties as additional insured with respect to liability policies or lender’s loss payee with respect to property policies (or a loss payee for any property policy the insurance provider for which will not agree to
provide a lender’s loss payee endorsement), as appropriate, and (ii) to provide that no cancellation shall be effective until at least 30 days after receipt by the Collateral Agent of written notice thereof (and the Applicants jointly and
severally agree to provide to the Administrative 

  
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Agent prompt written notice of any material change in amount or material change in coverage). Subject to Section 2.12(b), so long as an Event of Default is not then continuing, the
Collateral Agent, on behalf of the Secured Parties, agrees to promptly release, endorse and turn over to the Parent or the applicable Subsidiary any insurance proceeds received by the Collateral Agent. 

Section 7.6    Access 

The Parent and the Applicants shall from time to time during normal business hours permit the Administrative Agent, the Collateral Agent, the
Participants, the Issuers, or any agents or representatives thereof within two Business Days after written notification of the same (except that during the continuance of an Event of Default, no such notice shall be required) to (a) examine and
make copies of and abstracts from the records and books of account of the Parent, the Applicants and each of their respective Subsidiaries, (b) visit the properties of the Parent, the Applicants and each of their respective Subsidiaries,
(c) discuss the affairs, finances and accounts of the Parent, the Applicants and each of their respective Subsidiaries with any of their respective officers or directors (subject to their availability, taking into account business travel and
vacations) and (d) examine their respective financial and accounting records and other material data relating to their respective businesses or the transactions contemplated hereby (including, without limitation, in connection with
environmental compliance, hazard or liability); provided that the Parent will not be required to permit any examination or visit as set forth in clauses (a) and (b) above with respect to the Administrative Agent and
the Participants (or any agents or representatives thereof) unless such visit is coordinated through the Administrative Agent. 

Section 7.7    Keeping of Books 

The Parent and the Applicants shall, and shall cause each of their respective Subsidiaries to, keep proper books of record and account, in
which full and correct entries shall be made of the financial transactions and assets and business of the Parent, the Applicants and each of their respective Subsidiaries; provided that the consolidated books of the Parent, the Applicants and
each of their respective Subsidiaries shall be in conformity with GAAP on a consolidated basis. 
 Section 7.8    Maintenance
of Properties, Etc. 
 (a) The Parent and the Applicants shall, and shall cause each of their respective Subsidiaries to, maintain
and preserve (i) in good working order and condition (ordinary wear and tear excepted) all of its properties necessary in the conduct of its business, (ii) all rights, permits, licenses, approvals and privileges (including all Permits)
necessary in the conduct of its business and (iii) all Material Intellectual Property (such term as used in this Section 7.8(a) only shall have the meaning assigned to it in the Pledge and Security Agreement), except where failure
to so maintain and preserve the items set forth in clauses (i), (ii) and (iii) above could not reasonably be expected to have a Material Adverse Effect; provided that, with respect to the Mortgaged Vessels, the
Parent and the Applicants will, or will cause the Mortgaged Vessel Owning Subsidiaries to, maintain and keep such Mortgaged Vessels in such condition, repair and working order as is required by the Collateral Documents. 

  
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 (b)
TheExcept as permitted by Section 8.4, the Parent and the Applicants shall cause all Material Intellectual Property to be owned by a Credit Party. 

Section 7.9    Application of Proceeds 

The Applicants shall use the Letters of Credit as provided in Section 4.13. 

Section 7.10    Environmental 

(a) The Parent and the Applicants shall, and shall cause each of its Restricted Subsidiaries to, exercise reasonable due diligence in order to
comply in all material respects with all Environmental Laws. 
 (b) The Parent agrees that the Administrative Agent may, from time to time,
retain, at the expense of the Parent, an independent professional consultant reasonably acceptable to the Parent to review any report relating to Contaminants prepared by or for the Parent or the Applicants and to conduct its own investigation (the
scope of which investigation shall be reasonable based upon the circumstances) of any property currently owned, leased, operated or used by the Parent, the Applicants or any of their respective Restricted Subsidiaries, if (x) a Default or an
Event of Default shall have occurred and be continuing, or (y) the Administrative Agent reasonably believes (1) that an occurrence relating to such property is likely to give rise to any Environmental Liabilities and Costs in excess of
$35,000,000.00 or (2) that a violation of an Environmental Law on or around such property has occurred or is likely to occur, which could, in either such case, reasonably be expected to result in Environmental Liabilities and Costs in excess of
$35,000,000.00, provided that, unless an Event of Default shall have occurred and be continuing, such consultant shall not drill on any property of the Parent or any of its Restricted Subsidiaries without the Parent’s prior written
consent. The Parent and the Applicants shall use their reasonable efforts to obtain for the Administrative Agent and its agents, employees, consultants and contractors the right, upon reasonable notice to Parent, to enter into or on to the
facilities or Mortgaged Vessels currently owned, leased, operated or used by the Parent, an Applicant or any of their respective Restricted Subsidiaries to perform such tests on such property as are necessary to conduct such a review and/or
investigation. Any such investigation of any property shall be conducted, unless otherwise agreed to by the Parent and the Administrative Agent, during normal business hours and shall be conducted so as not to unreasonably interfere with the ongoing
operations at any such property or Mortgaged Vessel or to cause any damage or loss at such property or Mortgaged Vessel. The Parent, the Applicants and the Administrative Agent hereby acknowledge and agree that any report of any investigation
conducted at the request of the Administrative Agent pursuant to this subsection will be obtained and shall be used by the Administrative Agent and the Participants for the purposes of the Participants’ internal credit decisions, to monitor the
Letter of Credit Obligations and to protect the Participants’ security interests created by the Credit Documents, and the Administrative Agent and the Participants hereby acknowledge and agree any such report will be kept confidential by them
to the extent 

  
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permitted by law except as provided in the following sentence. The Administrative Agent agrees to deliver a copy of any such report to the Parent with the understanding that the Parent
acknowledges and agrees that (i) it will indemnify and hold harmless the Administrative Agent and each Participant from any costs, losses or liabilities relating to the Parent’s use of or reliance on such report, (ii) neither the
Administrative Agent nor any Participant makes any representation or warranty with respect to such report, and (iii) by delivering such report to the Parent, neither the Administrative Agent nor any Participant is requiring or recommending the
implementation of any suggestions or recommendations contained in such report. 
 (c) Promptly after a Responsible Officer of the Parent or
any Applicant obtains actual knowledge thereof, the Parent or such Applicant shall advise the Administrative Agent, for delivery to the Participants, in writing and in reasonable detail of (i) any Release or threatened Release of any
Contaminants required to be reported by the Parent or its Restricted Subsidiaries, to any Governmental Authorities under any applicable Environmental Laws and which could reasonably be expected to have Environmental Liabilities and Costs in excess
of $35,000,000.00, (ii) any and all written communications with respect to any pending or threatened claims under Environmental Law in each such case which, individually or in the aggregate, have a reasonable possibility of giving rise to
Environmental Liabilities and Costs in excess of $35,000,000.00, (iii) any Remedial Action performed by the Parent or any other Person in response to (x) any Contaminants on, under or about any property, the existence of which has a
reasonable possibility of resulting in Environmental Liabilities and Costs in excess of $35,000,000.00, or (y) any other Environmental Liabilities and Costs that could reasonably be expected to result in Environmental Liabilities and Costs in
excess of $35,000,000.00, (iv) discovery by the Parent or its Restricted Subsidiaries of any occurrence or condition on any material property that could cause the Parent’s or its Restricted Subsidiaries’ interest in any such property
to be subject to any restrictions on the ownership, occupancy, transferability or use thereof under any applicable Environmental Laws or Environmental Liens other than those that could not reasonably be expected to result in a Material Adverse
Effect, and (v) any written request for information from any Governmental Authority that fairly suggests such Governmental Authority is investigating whether the Parent or any of its Restricted Subsidiaries may be potentially responsible for a
Release or threatened Release of Contaminants which has a reasonable possibility of giving rise to Environmental Liabilities and Costs in excess of $35,000,000.00. 

(d) The Parent shall promptly notify the Administrative Agent, for delivery to the Participants, of (i) any proposed acquisition of
Stock, assets, or property by the Parent or any of its Restricted Subsidiaries that could reasonably be expected to expose the Parent or any of its Restricted Subsidiaries to, or result in, Environmental Liabilities and Costs in excess of
$35,000,000.00 and (ii) any proposed action to be taken by the Parent or any of its Restricted Subsidiaries to commence manufacturing, industrial or other similar operations that could reasonably be expected to subject the Parent or any of its
Restricted Subsidiaries to additional Environmental Laws, that are materially different from the Environmental Laws applicable to the operations of the Parent or any of its Subsidiaries as of the Initial Utilization Date. 

  
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 (e) The Parent shall, at its own expense, provide copies of such documents or information as
the Administrative Agent or any Participant may reasonably request in relation to any matters disclosed pursuant to this Section 7.10. 

(f) To the extent required by Environmental Laws or Governmental Authorities under applicable Environmental Laws, the Parent shall promptly
take, and shall cause each of its Restricted Subsidiaries promptly to take, any and all necessary Remedial Action in connection with the presence, handling, storage, use, disposal, transportation or Release or threatened Release of any Contaminants
on, under or affecting any property in order to comply in all material respects with all applicable Environmental Laws and Governmental Authorities under applicable Environmental Laws. In the event the Parent or any of its Restricted Subsidiaries
undertakes any Remedial Action with respect to the presence, Release or threatened Release of any Contaminants on or affecting any property, the Parent or any of its Subsidiaries shall conduct and complete such Remedial Action in material compliance
with all applicable Environmental Laws, and in material accordance with the applicable policies, orders and directives of all relevant Governmental Authorities except when, and only to the extent that, the Parent or any such Subsidiaries’
liability for such presence, handling, storage, use, disposal, transportation or Release or threatened Release of any Contaminants is being contested in good faith by Parent or any of such Subsidiaries. In the event the Parent fails to take required
actions to address such Release or threatened Release of Contaminants or to address a violation of or liability under Environmental Law, the Administrative Agent may, upon providing the Parent with 20 Business Days’ prior written notice, enter
the property and, at the Parent’s sole expense, perform whatever action the Administrative Agent reasonably deems prudent to rectify the situation. 

Section 7.11    Additional Collateral and Guaranties 

Subject to the Collateral Agency and Intercreditor
Agreement and the Senior Intercreditor Agreement, to the
extent not delivered to the Administrative Agent or Collateral Agent, as applicable, on or before the Initial Utilization Date, the Parent and the Applicants jointly and severally agree to do promptly each of the following (in each case subject to
the Security Principles): 
 (a) execute and deliver and cause each Guarantor to execute and deliver to the Administrative Agent such
amendments to the Collateral Documents or enter into such new Collateral Documents as are necessary, or deemed by the Administrative Agent or the Collateral Agent to be reasonably advisable, in order to grant to the Collateral Agent, for the ratable
benefit of the Secured Parties, a security interest in the Stock and Stock Equivalents and other debt Securities of any Subsidiary (other than Excluded Assets (as defined in the Pledge and Security Agreement) that are owned by the Parent, an
Applicant or any other Guarantor and to perfect such Lien as a first-priority Lien (it being understood that such actions shall be required in the United States of America and, at the reasonable request of the Administrative Agent, any other
jurisdiction); 

  
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 (b) deliver and cause each Guarantor to deliver to the Collateral Agent the certificates (if
any) representing such Stock and Stock Equivalents and other debt Securities, together with (A) in the case of such certificated Stock and Stock Equivalents, undated stock powers or other instruments of transfer endorsed in blank and
(B) in the case of such certificated debt Securities, endorsed in blank, in each case executed and delivered by a Responsible Officer of the Parent, an Applicant or other Guarantor, as the case may be; 

(c) in the case of any Material Wholly-Owned Subsidiary, cause such Subsidiary (x) in the case of any direct holder of equity interests
in an Applicant, concurrently with such Person acquiring such equity interests in an Applicant and (y) otherwise, not later than 30 days (or such later date permitted by the Administrative Agent in its sole discretion) after the earlier of the
date of delivery of any Compliance Certificate or the deadline for delivery of such Compliance Certificate, (A) to become a Guarantor, (B) to become a party to the Pledge and Security Agreement (as reaffirmed by the Reaffirmation
Agreement) (or another security instrument executed and delivered by such Material Wholly-Owned Subsidiary in form and substance satisfactory to the Administrative Agent, pursuant to which such Material Wholly-Owned Subsidiary grants a Lien to the
Collateral Agent) and the applicable Collateral Documents and (C) to take such actions necessary or advisable to grant to the Collateral Agent, for the ratable benefit of the Secured Parties, a security interest, and to perfect such security
interest, in the Collateral described in the Collateral Documents with respect to such Subsidiary, including the filing of UCC financing statements in such jurisdictions as may be required by the Collateral Documents or by law or as may be
reasonably requested by the Administrative Agent or the Collateral Agent (it being understood that such actions shall be required in the United States of America and, at the reasonable request of the Administrative Agent or the Collateral Agent, any
other jurisdiction); provided that if any non-U.S. Subsidiary is an Excluded Subsidiary solely as a result of such Subsidiary’s Guarantee having been prohibited by (A) any Governmental Authority with authority over such Subsidiary
or (B) applicable law, or such Subsidiary’s Guarantee would result in a substantial risk to the officers or directors of such Subsidiary or a civil or criminal liability, at the reasonable request of the Administrative Agent or the
Collateral Agent, the Parent shall diligently pursue any relevant governmental or third party consents or other authority to permit such Subsidiary to create or perfect a security interest in such Collateral or to mitigate such risk of liability.

 (d) if any Credit Party owns or acquires any marine vessel other than an Excluded Vessel with a Fair Market Value in excess of
$10,000,000.00, then such Credit Party shall execute and deliver such mortgages and other security instruments as shall be necessary to cause such vessel to become a Mortgaged Vessel subject to a perfected first-priority security interest (subject
to any permitted Liens specified in the applicable Mortgage) within 20 Business Days of such Person becoming a Credit Party or such acquisition, as applicable; 

(e) if the Fair Market Value of any marine vessel owned by any Credit Party (other than an Excluded Vessel) increases to an amount in excess
of $10,000,000.00 because of improvements to such marine vessel, then such Credit Party shall, within 20 Business Days of a Responsible Officer of the Parent learning of such increase in Fair 

  
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Market Value, execute and deliver such mortgages and other security instruments as shall be necessary to cause such vessel to become a Mortgaged Vessel subject to a perfected first-priority
security interest (subject to any permitted Liens specified in the applicable Mortgage); 
 (f) if requested by the Administrative Agent or
Collateral Agent, deliver to the Administrative Agent, the Collateral Agent and the other Secured Parties customary legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably
satisfactory to such Agent. 
 Section 7.12    Real Property 

With respect to any (a) fee interest in any Real Property located in the United States with a reasonably estimated Fair Market Value of
$10,000,000.00 or more, or, upon the request of the Collateral Agent, any leasehold interest in any Real Property (other than in respect of any leasehold interest in any Real Property used primarily for offices of the Parent or any of its
Subsidiaries) with net lease payments of more than $10,000,000.00 annually and (b) any fee interest in any Real Property located outside of the United States with a reasonably estimated Fair Market Value of $5,000,000.00 or more, or, upon the
request of the Collateral Agent, any leasehold interest in any Real Property (other than in respect of any leasehold interest in any Real Property used primarily for offices of the Parent or any of its Subsidiaries) with net lease payments of more
than $5,000,000.00 annually, in each case acquired or leased after the Initial Utilization Date by the Parent, an Applicant or any other Credit Party (other than any such Real Property acquired with Indebtedness permitted by
Section 8.1(d), or (m)), the Parent or the applicable Credit Party shall promptly (and, in any event, within 60 days following the date of such acquisition or such later date permitted by the Collateral Agent in its sole
discretion) (i) subject to the terms of the Senior Intercreditor Agreement, execute and deliver a first priority Mortgage (subject only to Liens permitted by this Agreement) in favor of the Collateral Agent, for the benefit of the Secured Parties, covering such Real Property and
complying with the provisions herein and in the Collateral Documents, and shall take such further action and deliver or cause to be delivered such further documents as the Collateral Agent may reasonably request to effect the transactions
contemplated by the provisions herein and in the Collateral Documents; provided that no delivery of a Mortgage under this clause (i) shall occur on or before the Initial Utilization Date, (ii) if reasonably requested by the
Collateral Agent and available in such jurisdiction, (1) provide the Secured Parties with title reports and title insurance policies (with endorsements) in an amount at least equal to the purchase price of such Real Property (or such other
amount as the Collateral Agent shall reasonably specify), and if applicable, (2) lease estoppel certificates, (3) provide the Secured Parties with evidence of zoning compliance, ALTA surveys, appraisals, environmental assessments and
reports, mortgage tax affidavits and declarations and other customary similar information and related affidavits and certifications as are reasonably requested by, and in form and substance reasonably acceptable to, the Collateral Agent from time to
time, and (4) provide the Secured Parties with evidence that the casualty and other insurance (including, without limitation, flood insurance) required pursuant to the Credit Documents is in full force and effect; provided that with
respect to any Real Property 

  
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being added as Collateral (other than as set forth on Schedule 7.14 of the Existing Credit Agreement as in effect on the date hereof), the Parent shall give at least 60 days’ prior
written notice to the Collateral Agent and the Administrative Agent (for delivery to the Participants) prior to pledging such Real Property to the Collateral Agent, and, upon confirmation from the Collateral Agent and each Participant that all flood
insurance due diligence and flood insurance compliance verification with the Flood Disaster Protection Act and regulations promulgated pursuant thereto has been completed (it being understand that a Participant shall be deemed to have confirmed
completion unless it shall object thereto by written notice to the Collateral Agent within such 60-day period), such Real Property may be pledged, all in form and substance reasonably satisfactory to the Collateral Agent; provided further,
however, that notwithstanding anything to the contrary in any of the foregoing, no Mortgage described in this Section 7.12 shall be completed prior to the receipt by each Participant of each item requested in clause
(ii) above and any other information as needed for each Participant to conduct its flood due diligence, and any applicable time periods for any Credit Party to deliver such Mortgage pursuant to the Credit Documents will be automatically and
with no further action extended to a reasonable period of time after such receipt (it being understand that a Participant shall be deemed to have confirmed receipt unless it shall advise otherwise by written notice to the Collateral Agent within
such 60-day period), and (iii) if reasonably requested by the Administrative Agent or the Collateral Agent, deliver to the Administrative Agent, the Collateral Agent and the other Secured Parties legal opinions relating to the matters described
above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent and the Collateral Agent requesting the same. 

Section 7.13 Undertaking with Respect to NO 105 

Within
Subject to the terms of the Senior Intercreditor Agreement, within 45 days (or such longer period permitted by the Administrative
Agent in its sole discretion) following the repayment in full of the NO 105 Indebtedness (it being agreed that such 45-day period
shall not commence until repayment in full of the NO 105 Indebtedness has been completed and all related termination and release documents have been properly tendered, filed and/or registered, as applicable), the Parent or the
applicable Subsidiary of the Parent shall execute and deliver such mortgages and other security instruments as shall be necessary to cause the NO 105 to become a Mortgaged Vessel subject to a perfected first-priority security interest (other than
permitted Liens specified in the applicable Mortgage, but in each case, which vessel shall not be subject to any other Liens securing Indebtedness for borrowed money
other than those subject to the Senior Intercreditor Agreement). 

Section 7.14 Additional Undertakings 

The Applicants shall (a) deliver to the Administrative Agent each of the agreements, documents, instruments or certificates described on
Schedule 7.14 of the Existing Credit Agreement, each in form and substance reasonably satisfactory to the Administrative Agent (except with respect to any such agreements, documents, instruments or certificates delivered to the Administrative
Agents (as defined in the Existing Credit Agreement) prior to the Effective Date) and (b) perform each of the actions described on Schedule 7.14 of the Existing Credit Agreement, in each case by the date set forth opposite each such item
or action on Schedule 7.14 of the Existing Credit Agreement or such later date (i) permitted by the Administrative Agents (as defined in the Existing Credit Agreement) prior to the Effective Date or (ii) permitted by each of the
Administrative 

  
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Agent and Collateral Agent, in each case in its sole discretion. The provisions of this Section 7.14 shall inure to the benefit of the Collateral Agent, and the Collateral Agent shall
have rights as a third party beneficiary of any of such provisions or any obligations with respect hereto. 
 Section 7.15 Maturity Date
Notice 
 The Applicants or the Parent shall deliver to the Administrative Agent a written notice signed by a Responsible Officer
promptly after the LC Facility Maturity Date (as defined under the Existing Credit Agreement) has occurred, stating that the LC Facility Maturity Date (as defined under the Existing Credit Agreement) has occurred. 

ARTICLE VIII 

NEGATIVE COVENANTS 

From and after the Initial Utilization Date, the Parent and each Applicant jointly and severally agree with the Participants, the Issuers and
the Administrative Agent to each of the following, as long as any Obligation or any Commitment remains outstanding: 
 Section 8.1
Indebtedness 
 None of the Parent or any Applicant shall (x) and shall not permit any Captive Insurance Subsidiary or any of
the Parent’s Restricted Subsidiaries to, directly or indirectly create, incur, assume or otherwise become or remain directly or indirectly liable with respect to any Indebtedness or (y) issue Disqualified Stock except for the following:

 (a) (i) the Credit Facility Obligations and (ii) the Obligations; 

(b) Indebtedness existing on May 10, 2018 and disclosed on Schedule 8.1; 

(c) Guaranty Obligations incurred by any Credit Party in respect of Indebtedness of any Credit Party that is permitted by this
Section 8.1; 
 (d) (i) secured Indebtedness of the Parent or any Restricted Subsidiary including Capital Lease Obligations and
purchase money Indebtedness incurred by the Parent or a Restricted Subsidiary of the Parent to finance (concurrently with or within 90 days after) the acquisition of tangible property (including marine vessels) and Indebtedness in respect of sale
and leaseback transactions permitted under Section 8.13 and (ii) unsecured Indebtedness of the Parent or any Restricted Subsidiary, not to exceed an aggregate outstanding principal amount of $10,000,000.00 at any time; for all of
the foregoing Indebtedness described in clauses (i) and (ii) above not to exceed an aggregate outstanding principal amount of $400,000,000.00 at any time; 

  
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 (e) (i) Refinancing
Indebtedness in respect of Indebtedness permitted by clause (b) above (other than the NO 105 Indebtedness), clauses
(m) and (r) below or this clause
(e) and (ii) Refinancing Senior Notes Indebtedness in respect to Indebtedness permitted by clause (r)(i) below
and increases thereof in lieu of cash payments of interest; 
 (f)
Indebtedness arising from intercompany loans that are Investments permitted under, or not prohibited by,
Section 8.5 (i) from any Credit Party to any other
Credit Party; (ii) from any Subsidiary of the Parent to any
Credit Party; (iii) from any Subsidiary of the Parent that is
not a Credit Party to any Restricted Subsidiary of the Parent that is not a Credit Party; or (iv) from any Credit Party to any Restricted Subsidiary of the Parent that is not a Credit Party; provided, however, that 

 

	 	(A)	 all such Indebtedness of the types described in clauses (i), (ii) and (iv) above
is evidenced by that certain Global Intercompany Note dated as of May 10, 2018, subject, except as provided under the Senior Intercreditor
Agreement, to a first priority Lien pursuant to the Pledge and Security Agreement or another Collateral Document if the payee is a Credit Party, 

 

	 	(B)	 all such Indebtedness of the type described in clause (ii) above may not be paid when an Event of
Default exists, unless such payment is being made to a Credit Party, and 

  

	 	(C)	 any payment by any Guarantor under any guaranty of the Obligations shall result in a pro tanto reduction
of the amount of any Indebtedness owed by such Guarantor to the Applicants or to any of the other Credit Parties for whose benefit such payment is made; 

(g) Permitted Term Refinancing Debt;[reserved]; 

(h) Indebtedness under or in respect of Hedging Contracts that are not speculative in nature; 

(i) Indebtedness in respect of Treasury Management Arrangements; 

(j) Indebtedness in respect of any insurance premium financing for insurance being acquired by the Parent or any Restricted Subsidiary under
customary terms and conditions and not in connection with the borrowing of money; 
 (k) Alternate Program Indebtedness in an aggregate
principal amount not to exceed $400,000,000.00 at any time outstanding; 

  
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 (l) Amazon Permitted Debt (including any unsecured Guaranty Obligations in respect thereof)
in an aggregate principal amount not to exceed $285,000,000.00 at any time outstanding; 
 (m) Indebtedness assumed in connection with (but
not in anticipation of) an Acquisition permitted under Section 8.3; 
 (n) Indebtedness in respect of matured or drawn
Performance Guarantees, provided that such Indebtedness is reimbursed or extinguished within 5 Business Days of being matured or drawn; 

(o) Indebtedness in respect of letters of credit, bank guarantees and other similar obligations in an aggregate outstanding amount not to
exceed $400,000,000.00 at any time; 
 (p) Indebtedness
owed to Horton CBI, Limited in an aggregate outstanding principal amount not to exceed $100,000,000.00 at any time; provided, that such Indebtedness shall be expressly subordinate to the payment in full in cash of the Obligations on terms
satisfactory to the Administrative Agent; [Reserved];  
 (q) Indebtedness evidenced by letters of credit, bank guarantees or other similar instruments
in an aggregate face amount not to exceed at any time $150,000,000.00 issued in the ordinary course of business to secure obligations of the Parent and its Restricted Subsidiaries under workers’ compensation and other social security programs,
and Contingent Obligations with respect to any such permitted letters of credit, bank guarantees or other similar instruments; 
 (r) (i)
Indebtedness in respect of the Senior Notes and the guarantees of the Credit Parties in respect of such Indebtedness and (ii) other unsecured Junior Priority Indebtedness issued by the Parent or one or both U.S. Applicants and any Guaranty
Obligations of a Credit Party in respect thereof in an unlimited principal amount so long as the Leverage Ratio does not exceed 3.00:1.00 on a pro forma basis after giving effect to the incurrence of such Junior Priority Indebtedness and the use of
proceeds thereof; provided that in respect of this clause (ii), no Default or Event of Default has occurred and is continuing or would result from the incurrence thereof; 

(s) unsecured Indebtedness incurred by any Applicant or any other Subsidiary Guarantor and owing to a Joint Venture in which any Applicant or
any other Subsidiary Guarantor owns any interest in an aggregate outstanding amount not to exceed $750,000,000.00 at any time; 
 (t)
Indebtedness in respect of Other Specified Permitted Sale/Leasebacks at any time; 
 (u) Indebtedness under the Exchangeable Notes;
and[reserved]; and 

  
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 (v) Investments permitted under Section 8.5 constituting Indebtedness; and ¶ 

(w) Indebtedness in
respect to the Priming Credit Agreement Obligations and the guarantees of the Credit Parties in respect of such Indebtedness in an outstanding principal amount not to exceed $1,700,000,000.00 less the amount of any repayments of principal of the
Term Loans (as defined in the Priming Credit Agreement) and reductions of commitments under the Priming Credit Agreement. 

Section 8.2 Liens, Etc. 
 The
Parent and the Applicants shall not, and shall not permit any of its Restricted Subsidiaries to, create or suffer to exist any Lien upon or with respect to any of their respective properties or assets, whether now owned or hereafter acquired, or
assign, or permit any of its Restricted Subsidiaries to assign, any right to receive income, except for the following: 
 (a) Liens created
pursuant to the Collateral Documents securing the Credit Facility Obligations and the Obligations; 
 (b) Liens existing on May 10,
2018 and disclosed on Schedule 8.2; 
 (c) Customary Permitted Liens; 

(d) Liens securing Indebtedness permitted under Section 8.1(d) or (m): 

(i) in assets that are not Collateral (other than equipment); 

(ii) in property subject to and acquired, constructed or improved with the proceeds of a Capital Lease or purchase money
Indebtedness (including any sale and leaseback transaction permitted under Section 8.13), in each case if (A) the Indebtedness secured thereby is incurred within 90 days after the date of such acquisition, construction or
improvement of such property and does not exceed the lesser of the cost or Fair Market Value of such property at the time of such acquisition, construction or improvement and (B) such Liens do not apply to any other property (other than
proceeds of such acquired, constructed or improved property) or assets of the Parent or any of its Restricted Subsidiaries; or 

(iii) to which any property is subject at the time of the Parent’s or a Restricted Subsidiary’s acquisition thereof
on or after the Initial Utilization Date in accordance with this Agreement if such Liens do not apply to any other property (other than proceeds of such acquired property) of the Parent or any of its Restricted Subsidiaries; 

(e) any Lien securing the renewal, extension, refinancing or refunding of any Indebtedness (other than the NO 105
Indebtedness) secured by any Lien permitted by clause (b) or (d) above or this
clause (e) without any material change in the assets subject to such Lien; 

  
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 (f) Liens in favor of lessors securing operating leases not prohibited hereunder; 

(g) Liens arising out of judgments or awards and not constituting an Event of Default under Section 9.1(g); 

(h) Liens encumbering inventory, work-in-process and related property in favor of customers or suppliers securing obligations and other
liabilities (other than Indebtedness) to such customers or suppliers to the extent such Liens are granted in the ordinary course of business and are consistent with past business practices; 

(i) Liens on pledged cash of the Parent and its Restricted Subsidiaries required for notional cash pooling arrangements in the ordinary course
of business; 
 (j) Liens with respect to foreign exchange netting arrangements and other treasury or cash management arrangements to the
extent incurred in the ordinary course of business and consistent with past business practices; provided that the aggregate outstanding amount of all such obligations and liabilities secured by such Liens shall not exceed $50,000,000.00 at
any time; 
 (k) Liens securing insurance premium financing permitted under Section 8.1(j) under customary terms and conditions;
provided that no such Lien may extend to or cover any property other than the insurance being acquired with such financing, the proceeds thereof and any unearned or refunded insurance premiums related thereto; 

(l) Liens not otherwise permitted by the foregoing clauses of this Section 8.2 securing obligations or other liabilities of the
Parent or any Restricted Subsidiary of the Parent; provided, however, that the aggregate outstanding amount of all such obligations and liabilities secured by such Liens shall not exceed the greater of (x) $200,000,000.00 and (y) 2.5% of Total Assets at any time; 

(m) Liens on the Amazon and the Amazon Equipment securing Amazon Permitted Debt; 

(n) Liens securing reimbursement obligations in respect of Extended Letters of Credit; 

(o) Liens on receivables and related rights sold or purported to be sold pursuant to any Alternate Program in accordance with
Section 8.4(k) (or any document executed by the Parent or any Restricted Subsidiary of the Parent in connection therewith); 

(p) Liens on Collateral that secure Permitted Term
Refinancing Debt and are subject to an Intercreditor Agreement;[reserved]; 
 (q) Liens on Collateral securing reimbursement or other obligations in an aggregate amount
not to exceed at any time the Additional LC Capacity with regard to Performance Guarantees; provided that such Liens are subject to the Collateral Agency and Intercreditor Agreement; 

  
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 (r) Liens on assets not constituting Collateral securing Indebtedness permitted under
Section 8.1(t); and 

(s) Liens on cash, bank accounts and accounts receivable securing Indebtedness described in Section 8.1(h) and
Section 8.1(o) and reimbursement or other obligations with respect to unmatured or undrawn, as applicable, Performance Guarantees; provided that the aggregate amount of cash, bank accounts and accounts receivable securing
Indebtedness described in Section 8.1(h) shall not exceed $50,000,000.00 at any time and the aggregate amount of cash, bank accounts and accounts receivable securing Performance Guarantees shall not exceed $300,000,000.00 at any time; ¶ 

(t) Liens on Collateral
securing the Priming Credit Agreement Obligations that Indebtedness permitted under Section 8.1(h) incurred after the Amendment No. 1 Effective Date in each case that are subject to the Senior Intercreditor Agreement; and¶

 (u) Liens on
Collateral securing Refinancing Senior Notes Indebtedness and are subject to the Junior Intercreditor Agreement. 
 Without limiting
the foregoing limitations, (x) unless the NO 105 is a Mortgaged Vessel, the Parent and the Applicants shall not, and shall not permit any of their respective Subsidiaries to (i) create or suffer to exist any Lien upon or with respect to
the NO 105 or (ii) assign any right to receive income with respect to the NO 105, in either case to secure Indebtedness for borrowed money other than NO 105 Indebtedness and (y) the Parent and the Applicants shall not, and shall not permit
any of their respective Subsidiaries to (i) create or suffer to exist any Lien upon or with respect to the Altamira Yard or (ii) assign any right to receive income with respect to the Altamira Yard, in either case to secure Indebtedness
for borrowed money other than hereunder. ¶ 

Notwithstanding the foregoing or anything
herein to the contrary, the Parent and the Applicants shall not, and shall not permit any of their Restricted Subsidiaries to, create or suffer to exist any Lien upon or with respect to any Collateral securing Indebtedness for borrowed money on a
senior basis to the Lien on the Collateral securing the Obligations (other than the liens on Collateral permitted by Sections 8.2(b), (c), (d) and (t)). 

Section 8.3 Acquisitions 
 The
Parent and the Applicants shall not, and shall not permit any of their respective Restricted Subsidiaries to, directly or indirectly, make any Acquisitions except any non-hostile Acquisition subject to the satisfaction of each of the following
conditions: 
 (a) if the aggregate consideration in respect of any such Acquisition exceeds $100,000,000.00, the Administrative Agent shall
receive prior written notice of such Acquisition, which notice shall include, without limitation, a description of such Acquisition with such detail as the Administrative Agent shall reasonably require; 

  
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 (b) immediately after giving effect to such Acquisition, Liquidity shall not be less than
$200,000,000.00; 
 (c) within the applicable time periods required pursuant to Section 7.11 and Section 7.12, after
the closing of such Acquisition, the Parent, the Applicants (or the Restricted Subsidiary making such Acquisition) and the target of such Acquisition (unless it is a Subsidiary that is not a Material Wholly-Owned Subsidiary) shall have executed such
documents and taken such actions as may be required under Section 7.11 and Section 7.12; 
 (d) if such Acquisition
involves the acquisition of one or more marine vessels, in each case having a Fair Market Value in excess of $10,000,000.00, such vessel or vessels, except in the case where acquired using Indebtedness permitted by Section 8.1(m) that is
the subject of a Lien permitted under Section 8.2 existing at the time of (but not incurred in anticipation of) any such acquisition, shall within the applicable time periods required pursuant to Section 7.11, become
Collateral pursuant to arrangements substantially similar to those made with respect to similar Mortgaged Vessels on or before the Initial Utilization Date; and 

(e) at the time of such Acquisition and after giving effect thereto, (i) no Default or Event of Default shall have occurred and be
continuing, (ii) the statement set forth in Section 3.3(b)(i) shall be true and (iii) the Applicants would be in pro forma compliance with Article V for the most recent four quarter period for which financial statements
have been delivered pursuant to Section 6.1(a) or (b). 
 Section 8.4 Sale of Assets 

The Parent and the Applicants shall not, and shall not permit any of its Restricted Subsidiaries to, sell, convey, transfer, lease or otherwise
dispose of (including by allocation of assets by division or allocation of assets to any series of limited liability company, limited partnership or trust that constitutes a separate legal entity or Person, in each case pursuant to a transaction
referenced in Section 1.4(h)) any of their respective assets or any interest therein (including the sale or factoring of any accounts) to any Person, or permit or suffer any other Person to acquire any interest in any of their respective assets
or, in the case of any Restricted Subsidiary, issue or sell any shares of such Restricted Subsidiary’s Stock or Stock Equivalent (any such disposition being an “Asset Sale”), except for the following: 

(a) the sale or disposition of inventory (including fabricated projects for customers, such as offshore production platforms and related
components) in the ordinary course of business; 
 (b) transfers resulting from any taking or condemnation of any property of the Parent or
any of its Restricted Subsidiaries (or, as long as no Default or Event of Default has occurred and is continuing or would result therefrom, deed in lieu thereof); 

  
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 (c) as long as no Default or Event of Default is continuing or would result therefrom, the
sale or disposition of equipment that the Parent reasonably determines is no longer useful in its or its Subsidiaries’ business, has become obsolete, damaged or surplus or is replaced in the ordinary course of business; 

(d) as long as no Default or Event of Default is continuing or would result therefrom, the lease or sublease or chartering of property not
constituting a sale and leaseback, to the extent not otherwise prohibited by this Agreement or the other Credit Documents; 
 (e) as long as
no Default or Event of Default is continuing or would result therefrom, discounts, adjustments, settlements and compromises of accounts and contract claims in the ordinary course of business; 

(f) any Asset Sale (i) to the Parent, an Applicant or any Credit Party Wholly-Owned by an Applicant or (ii) by any Restricted
Subsidiary that is not a Credit Party to the Parent, an Applicant or another Restricted Subsidiary; 
 (g) as long as no Default or Event of
Default is continuing or would result therefrom, and subject to Section 2.12(a), any other
Asset Sale (other than an Asset Sale in respect of a Mortgaged Vessel or Stock in a Mortgaged Vessel Owning Subsidiary or any
Asset Sale of all or any portion of the Technology Business) for Fair Market Value, at least 75% of which is payable in cash, Cash Equivalents or Specified Other Consideration upon such sale.
For purposes of this clause (g), “Specified Other Consideration” shall mean, with respect to any Asset Sale, (i) Non-cash Consideration identified
by the Parent to the Administrative Agent in writing as being “Specified Other Consideration” for such Asset Sale and the amount thereof; provided that the amount of such Non-cash Consideration, together
with the amount of Specified Other Consideration described in this clause (g) for all other Asset Sales after the Initial Utilization Date does not exceed $75,000,000.00; and (ii) in connection with any assets or property directly related to the Amazon, the amount of any liabilities or other obligations of the Parent, an Applicant or any other Restricted Subsidiary that is expressly assumed
by the transferee of any such assets or property; 
 (h) any Asset Sale of one or more Mortgaged Properties or Mortgaged Vessels or
Stock in a Mortgaged Vessel Owning Subsidiary or a Subsidiary which directly or indirectly owns a Mortgaged Vessel Owning Subsidiary, subject to Section
2.12(a), and so long as (i) no Default or Event of Default is continuing or would result therefrom, (ii) the Asset Sale is for Fair Market Value, (iii) except
to the extent that a Credit Party receives one or more marine vessels from another Person in trade or exchange for such assets so disposed of, at least 75% of the consideration for such Asset Sale consists of cash or Cash Equivalents received at
closing of such Asset Sale, and (iv) any marine vessel received from another Person in trade or exchange for such assets so disposed of shall concurrently with its acquisition be added to the Collateral; 

(i) as long as no Default or Event of Default is continuing or would result therefrom, any Asset Sale of the Stock of any Captive Insurance
Subsidiary for Fair Market Value, at least 75% of which is payable in cash or Cash Equivalents upon such sale; 

  
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 (j) Asset Sales permitted by Section 8.13; 

(k) dispositions of any receivables and related rights pursuant to any Alternate Program permitted hereunder; 

(l) as long as no Default or Event of Default is continuing or would result therefrom,
any Asset Sale by the Parent, the Applicants or any of their respective Subsidiaries of any equity interests in any Restricted Subsidiaries and the issuance by any
sucha Restricted Subsidiary of any equity interests;

 (m) as long as no Default or Event of Default is continuing or would result therefrom, non-exclusive assignments and licenses of
intellectual property of the Parent and its Restricted Subsidiaries in the ordinary course of business; 
 (n) any Asset Sale (other than an
Asset Sale of a Mortgaged Vessel) pursuant to a single transaction or series of related transactions in which the Parent or its Restricted Subsidiaries receive aggregate consideration of $10,000,000.00 or less; 

(o) the sale or disposition of equipment in the ordinary course of business to Joint Ventures and Restricted Subsidiaries that are not Credit
Parties in an aggregate amount since the Initial Utilization Date not to exceed $50,000,000.00; and 

(p) the sale or disposition of the Beaumont
Facility; and¶ 

(q) as long as no Default
or Event of Default is continuing or would result therefrom, any Asset Sale of the Technology Business for Fair Market
Value. 

Section 8.5 Restricted Payments 

The Parent and the Applicants shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, declare, order,
pay or make any sum for any Restricted Payment except for: 
 (a) Restricted Payments by the Parent to any other Credit Party; 

(b) Restricted Payments by (i) any Restricted Subsidiary of the Parent to any Credit Party or (ii) any Restricted Subsidiary that is
not a Credit Party to another Restricted Subsidiary that is not a Credit Party; 
 (c) Restricted Payments by any Restricted Subsidiary that
is not a Wholly-Owned Subsidiary to any Credit Party and to holders of equity interests in such Restricted Subsidiary to the extent (i) such Restricted Payments are made pro rata among the holders of the equity interests in such
Restricted Subsidiary or (ii) pursuant to the terms of the joint venture, charter, bylaws or other distribution agreement for such Restricted Subsidiary in form and substance expressly approved by the Administrative Agent (such approval not to
be unreasonably withheld or delayed); 

  
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 (d)(i) any redemption, retirement, sinking fund or similar payment, purchase or other
acquisition for value, direct or indirect, of any Stock or Stock Equivalents of the Parent or any of its Restricted Subsidiaries (x) made solely with the proceeds received from the exercise of any warrant, option or other similar instrument or
(y) that is deemed to occur upon the cashless exercise of stock options, warrants or other similar instruments and (ii) the repurchase, redemption or other acquisition or retirement for value of any Stock or Stock Equivalents of the Parent
or any Restricted Subsidiary held by any current or former officer, director or employee pursuant to any equity-based compensation plan, equity subscription agreement, stock option agreement, shareholders’ agreement or similar agreement
(including pursuant to the “Chicago Bridge & Iron 2008 Long-Term Incentive Plan, as Amended”) in an aggregate amount not to exceed (a) $15,000,000.00 for any Fiscal Year plus (b) unused amounts from preceding
Fiscal Years; provided that amounts under this clause (d)(ii) shall not exceed $45,000,000.00 in the aggregate after the Initial Utilization Date; 

(e)(i) any payments in connection with Permitted Bond Hedge Transactions, (ii) the settlement of any related Permitted Warrant
Transactions (A) by delivery of shares of Parent’s common stock upon settlement thereof (and cash in lieu of fractional shares) or (B) by (1) set-off against the related Permitted Bond Hedge Transaction or (2) payment of an
early termination amount thereof in common stock upon an early termination thereof, and (iii) any repurchases, redemptions or other acquisitions or retirements for value of Stock or Stock Equivalents of the Parent (and cash in lieu of
fractional shares) deemed to occur upon the exercise of stock options, warrants, rights to acquire Stock of the Parent or other convertible securities to the extent such Stock of the Parent represents a portion of the exercise or exchange price
thereof; 
 (f) Investments existing on May 10, 2018 and disclosed on Schedule 8.5, and any refinancings of such Investments to
the extent constituting Indebtedness otherwise permitted under Section 8.1(b), provided such refinancing complies with the provisions of Section 8.1(e); 

(g) Investments in cash and Cash Equivalents; 

(h) Investments in accounts, contract rights and chattel paper (each as defined in the UCC), notes receivable and similar items arising or
acquired from the sale of Inventory in the ordinary course of business consistent with the past practice of the Parent and its Restricted Subsidiaries; 

(i) Investments received in settlement of amounts due to the Parent or any Restricted Subsidiary of the Parent effected in the ordinary course
of business; 
 (j) Investments by (i) any Credit Party in any other Credit Party or (ii) a Restricted Subsidiary of the Parent
that is not a Credit Party in the Parent or any other Restricted Subsidiary of the Parent; 

  
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 (k) loans or advances to employees of the Applicant or any of its Restricted Subsidiaries
(or guaranties of loans and advances made by a third party to employees of the Applicant or any of its Restricted Subsidiaries) in the ordinary course of business in an aggregate outstanding principal amount not to exceed $1,000,000.00 at any time;

 (l) Guaranty Obligations permitted by Section 8.1; 

(m) other direct or indirect Investments, including Letters of Credit and other credit support obligations, in Subsidiaries that are not
Guarantors or Joint Ventures that are not Guarantors and that are in each case engaged in an Eligible Line of Business if the aggregate amount thereof does not exceed $500,000,000.00 at any time; provided that after giving effect to such
Investments, all Material Intellectual Property shall be owned by a Credit Party; 
 (n) Investments constituting Acquisitions permitted by
Section 8.3;¶ 

(o) Restricted Payments expressly set forth in the Parent Registration
Statement as of May 10, 2018; 
 (o)(p) [Reserved];
reserved];¶ 
 (p) [reserved]; 

(q)(x) contributions to Joint Ventures and Restricted Subsidiaries that are not Credit Parties of assets not constituting Collateral and not required to be Collateral (other than assets that are not Collateral or
required to be Collateral under clause (i) of the definition of “Excluded Asset” in the Pledge and Security
Agreement); and (y) Hedging Contracts (and payments thereunder) that are not speculative in
nature entered into on behalf of Joint Ventures and Subsidiaries, so long as any payment by the Parent or any Restricted Subsidiary under any such Hedging Contract is reimbursed by the applicable Joint Venture or Subsidiary in the ordinary course of
business; 
 (r) other than those disclosed
on Schedule 8.5, direct or indirect Investments, including Letters of Credit and other credit support obligations, in Restricted Subsidiaries that are not Guarantors or Joint Ventures that are not Guarantors, but in each
case are engaged in an Eligible Line of Business, in an aggregate amount not to exceed at any time the lesser of (i) the Net Cash Proceeds received by the Parent and its Restricted Subsidiaries of Indebtedness permitted to be incurred hereunder
and (ii) $200,000,000.00; provided that such Investments do not involve Material Intellectual
Property;[Reserved]; 

(s) so long as no Default or Event of Default has occurred and is continuing or would result therefrom, Restricted PaymentsInvestments in an aggregate amount since the Initial
UtilizationEffective Date not to exceed the sum of (i) $100,000,000.00 and (ii) so long as immediately after giving effect thereto, the Leverage Ratio at such time on a pro forma basis on immediately after giving effect
to such Restricted Payment and for the most recent determination period is at least 0.75:1.00 less than the 

  
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Closing Leverage Ratio, Restricted Payments in an aggregate amount since the Initial Utilization Date not to exceed (A) the Available Amount less (B) the amount of payments of
Junior Priority Indebtedness made pursuant to Section 8.20(c)(y)$100,000,000.00 and
scheduled dividends on any preferred equity of the Parent made before the Amendment No. 1 Effective Date; 

(t) Investments resulting from any non-cash consideration received in an Asset Sale permitted by Section 8.4; and 

(u) repurchases, redemptions or other acquisitions or retirements for value of Stock of the Parent made in lieu of withholding Taxes in
connection with any vesting of restricted Stock or any exercise, vesting or exchange of stock options, warrants or other similar rights. 

Section 8.6 Restriction on Fundamental Changes 

The Parent shall not, and shall not permit any of its Restricted Subsidiaries to: 

(a) merge or consolidate with any Person (provided that, if at the time thereof and immediately after giving effect thereto no Event of
Default or Default shall have occurred and be continuing (i) any Wholly-Owned Restricted Subsidiary (other than an Applicant) may merge into an Applicant so long as such Applicant is the surviving company, (ii) any Wholly-Owned Restricted
Subsidiary (other than an Applicant) may merge into or consolidate with any other Wholly-Owned Restricted Subsidiary (other than an Applicant) in a transaction in which the surviving entity is a Wholly-Owned Restricted Subsidiary and no Person other
than an Applicant or a Wholly-Owned Restricted Subsidiary of an Applicant receives any consideration (provided that if any party to any such transaction is a Credit Party, the surviving entity of such transaction shall be a Credit Party),
(iii) any Restricted Subsidiary of the Parent (other than an Applicant) may merge with another Person in a transaction constituting an Asset Sale permitted hereunder, and (iv) any Person (other than the Parent or an Applicant) may merge or
consolidate with or into any Restricted Subsidiary in a transaction in which the surviving entity is a Restricted Subsidiary (and, if any party to such merger or consolidation is an Applicant, is an Applicant and otherwise, if any party to such
merger or consolidation is a Guarantor, is a Guarantor)); or 
 (b) acquire or create any Subsidiary unless, after giving effect to such
acquisition or creation, (i) the Parent and each Applicant is in compliance with Section 7.11 and (ii) the Investment in such Subsidiary is permitted under Section 8.5. 

Section 8.7 Change in Nature of Business 

The Parent and the Applicants shall not, and shall not permit any of its Restricted Subsidiaries to, engage in any business other than the
Eligible Line of Business. 

  
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 Section 8.8 Transactions with Affiliates 

The Parent and the Applicants shall not, and shall not permit any of their respective Restricted Subsidiaries to, enter into any transaction of
any kind with any Affiliate of the Parent, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially as favorable to the Parent, such Applicant or such Restricted Subsidiary as would be obtainable by
the Parent, such Applicant or such Restricted Subsidiary at the time in a comparable arm’s length transaction with a Person other than an Affiliate except (a) transactions among the Parent and its Restricted Subsidiaries,
(b) Restricted Payments otherwise permitted by this Agreement, (c) the payment of the operating expenses and capital expenditures of a Subsidiary of the Parent, so long as such payment is in the ordinary course of business and consistent
with past business practices with respect to such Subsidiary prior to the date hereof, (d) transactions in accordance with the agreements listed on Schedule 8.8 hereto as the same may be amended with the prior consent of the
Administrative Agent, (e) the Transactions, and (f) transactions between the Parent or any Restricted Subsidiary and any Person that is an Affiliate solely due to the fact that a director or member of such Person is also director of the
Parent or a direct or indirect parent of the Parent. 
 Section 8.9 Restrictions on Subsidiary Distributions; No New Negative Pledge 

Other than (a) pursuant to the Credit Facility Documents or the Credit Documents, (b) pursuant to the Priming Loan Documents or (bc) pursuant to any secured Indebtedness or Capital Lease Obligations permitted by Section 8.1(b), (d), (e), (m) or (r) so long as any prohibition or limitation is
only effective against the assets securing such Indebtedness, the Parent and the Applicants shall not, and shall not permit any Restricted Subsidiaries to, (i) other than for Joint Ventures and Subsidiaries that are not required to be
Guarantors hereunder, agree to, enter into or suffer to exist or become effective any consensual encumbrance or consensual restriction of any kind on the ability of such Subsidiary to pay dividends or make any other distribution or transfer of funds
or assets or make loans or advances to or other Investments in, or pay any Indebtedness owed to, the Parent, an Applicant or any other Restricted Subsidiary of the Parent or (ii) other than customary non-assignment provisions in contracts
entered into in the ordinary course of business or in any lease, license, contract, property right (including, without limitation, interests in Inventory) or agreement to which any Guarantor is a party or any of its rights or interests thereunder if
and only for so long as the grant of a security interest hereunder shall constitute or result in a breach, termination or default under any such lease, license, contract, property right or agreement (other than to the extent that any such term would
be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC of any relevant jurisdiction or any other applicable Requirements of Law or principles of equity), enter into or permit to exist or become effective any enforceable
agreement prohibiting or limiting the ability of the Parent, an Applicant or any other Restricted Subsidiary to create, incur, assume or permit to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired,
to secure the Obligations, including any agreement requiring any other Indebtedness or Contractual Obligation to be equally and ratably secured with the Obligations. 

  
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 Section 8.10 Modification of Documents 

The Parent and the Applicants shall not, and shall not permit any of their respective Restricted Subsidiaries amend its Constituent Documents
except those that do not materially and adversely affect the interests of the Secured Parties under the Credit Documents or the rights and interests of any of them in the Collateral. 

Section 8.11 Accounting Changes; Fiscal Year 

The Parent and the Applicants shall not, and shall not permit any of their respective Restricted Subsidiaries to, (a) make any material
change in its accounting treatment and reporting practices or Tax reporting practices, except as required by GAAP or any Requirement of Law and disclosed to the Participants and the Administrative Agent or (b) change its Fiscal Year. 

Section 8.12 Margin Regulations 

The Parent and the Applicants shall not, and shall not permit any of their respective Restricted Subsidiaries to, use all or any portion of the
proceeds of any credit extended hereunder to purchase or carry margin stock (within the meaning of Regulation U of the Federal Reserve Board) (i) directly or indirectly in connection with the Business Combination or (ii) in all other cases
in contravention of any applicable legal and regulatory requirements including, without limitation, Regulations T, U and X, the Securities Act of 1933, and the Securities Exchange Act of 1934 and the regulations promulgated thereunder. 

Section 8.13 Sale/Leasebacks 

The Parent and the Applicants shall not, and shall not permit any of their respective Restricted Subsidiaries to, enter into any sale and
leaseback transaction after the Initial Utilization Date other than (a) any sale and leaseback occurring within 90 days after the acquisition of the property subject of such sale and leaseback, (b) any sale and leaseback in respect of the
Amazon and the Amazon Equipment and (c) Other Specified Permitted Sale/Leasebacks, unless (i) the proceeds of such transaction received by the Credit Parties equal the Fair Market Value of the properties subject to such transaction,
(ii) such transaction does not involve a Mortgaged Vessel and (iii) after giving effect to such sale and leaseback transaction, the aggregate Fair Market Value of all properties covered at any one time by all sale and leaseback
transactions occurring after the Initial Utilization Date during any Fiscal Year and permitted hereunder does not exceed $10,000,000.00 in such Fiscal Year. For the avoidance of doubt, no sale and leaseback transaction shall include the sale and
licensing back of Material Intellectual Property. 
 Section 8.14 Capital Expenditures 

The Parent and the Applicants shall not make or incur, or permit any of their respective Restricted Subsidiaries to make or incur, Capital
Expenditures (other than acquisitions of any marine vessel or a Subsidiary that owns a marine vessel) during any 

  
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Fiscal Year beginning with the Fiscal Year ending
20182019 and ending with the Fiscal Year ending 2023 except that the Parent, the Applicants and their respective Restricted Subsidiaries may make or incur Capital Expenditures during any Fiscal Year in an aggregate amount
not in excess of (a) $300,000,000.00 for such Fiscal Year plus (b) the amount by which $300,000,000.00 exceeds the amount of Capital Expenditures made or incurred by the Parent, the Applicants and their respective Restricted
Subsidiaries in such immediately preceding Fiscal Year. 
 Section 8.15 Cancellation of Indebtedness Owed to It 

The Parent and the Applicants shall not, and shall not permit any of their respective Restricted Subsidiaries to, cancel any material claim or
Indebtedness owed to any of them except (a) in the ordinary course of business, or (b) if such Indebtedness is owed by a Guarantor to a Credit Party (other than the Parent), and such Indebtedness is either (i) cancelled in exchange
for Stock of such Guarantor, (ii) converted into Stock of such Guarantor or (iii) converted such that it increases the paid-in-capital of such Credit Party in such Guarantor. 

Section 8.16 No Speculative Transactions 

The Parent and the Applicants shall not, and shall not permit any of their respective Restricted Subsidiaries to, engage in any material
speculative transaction or in any material transaction involving the entry into of Hedging Contracts by such Person except for the sole purpose of hedging in the ordinary course of business. 

Section 8.17 Post-Termination Benefits 

Except to the extent required under Section 4980B of the Code or similar state laws, the Parent and the Applicants shall not, and shall
not permit any of their respective Restricted Subsidiaries to, adopt any new employee benefit plan that provides health or welfare benefits (through the purchase of insurance or otherwise) to any retired or former employees, consultants or directors
(or their dependents) of the Parent or any of its Subsidiaries, which plan, when combined with any existing post-retirement benefit plan of the Parent or the Applicants or any of their Restricted Subsidiaries would reasonably be expected to result
in aggregate liability, calculated on a FAS 106 basis as of the end of any fiscal year, in excess of $65,000,000.00. 
 Section 8.18
[Reserved] 
 Section 8.19 Vessel Flags 

The Parent and the Applicants shall not, and shall not permit any of their respective Restricted Subsidiaries to, change the flag under which
any Mortgaged Vessel is registered or register a Mortgaged Vessel under any flag unless (a) the Parent shall have provided at least 10 Business Days’ (or such shorter period permitted by the Administrative Agent in its sole discretion) advance notice to the Administrative Agent,
(b) the flag under 

  
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which such Mortgaged Vessel is to be registered is listed on Schedule 8.19 or is otherwise acceptable to the Administrative Agent in its sole discretion and (c) each Applicant: 

(i) immediately after the occurrence of such transfer, causes the applicable Restricted Subsidiary to execute and deliver such
new mortgages, recorded as required by the laws of the new flag state, new deeds of covenants, as applicable, all substantially similar to the existing mortgages and deeds of covenants for Mortgaged Vessels under such flag (“New
Mortgage”), and other security instruments and other documents as shall be necessary to create in favor of the Collateral Agent for the ratable benefit of the Secured Parties a valid, legal and, subject to the terms of the Senior Intercreditor Agreement, perfected
first-priority Lien on, and security interest in, such vessel such that such vessel is a Mortgaged Vessel under the jurisdiction under which such vessel is to be flagged (subject to any liens expressly permitted by this Agreement and the Lien of the
New Mortgage); 
 (ii) substantially simultaneously with such transfer, if requested by the Administrative Agent,
provides to the Administrative Agent an opinion of counsel that the New Mortgage, upon recording, has been perfected under the laws of the new flag state and that it constitutes a valid, enforceable and, subject to the terms of the Senior Intercreditor Agreement, first priority ship
mortgage on the Mortgaged Vessel (other than liens expressly permitted by this Agreement and the Lien of the New Mortgage), or as the Administrative Agent may otherwise reasonably request; and 

(iii) promptly after recording the New Mortgage, provides to the Administrative Agent with respect to the Mortgaged Vessel: to
the extent applicable to such Mortgaged Vessel, corresponding certificates of financial responsibility; an abstract of title or, at its discretion, a certificate of ownership or other similar document that reveals no Liens on the Mortgaged Vessel
other than Liens expressly permitted by this Agreement and the Lien of the New Mortgage; copies of certificates of registries documentation and a copy of a confirmation of class certificate issued by the American Bureau of Shipping, DNV GL,
Lloyd’s Register or another classification society acceptable to the Administrative Agent showing no conditions affecting class. 

Section 8.20 Payments of Junior Priority Indebtedness  

The Parent and the Applicants shall not, and shall not permit any of their respective Restricted Subsidiaries to, make any cash payment or
prepayment (including any redemption, purchase, retirement, defeasance (including in-substance or legal defeasance), sinking fund or similar payment) on account of principal of any Junior Priority Indebtedness, except (a) regularly scheduled
principal payments as and when due in respect of any Junior Priority
Indebtedness, and (b) refinancings of Junior Priority Indebtedness with the proceeds of other Indebtedness permitted under Section 8.1,
(c) so long as no Default or Event of Default has occurred and is continuing, or would result therefrom, prepayments since the Initial Utilization Date in
an aggregate principal amount not to

  
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exceed the sum of (x) $100,000,000.00 and (y) so long as immediately after giving effect thereto, the
Leverage Ratio at such time on a pro forma basis immediately after giving effect to such prepayment and for the most recent determination period is at least 0.75:1.00 less than the Closing Leverage Ratio, an amount not to exceed the
(A) Available Amount less (B) the amount of Restricted Payments made pursuant to Section 8.5(s)(ii) and (d) cash payments in connection with the conversion of Convertibleso long as such other Indebtedness is (i) secured by a Lien on the Collateral that is junior to the Lien on the
Collateral that secures the Obligations, (ii) unsecured or (iii) expressly subordinated in right of payment to the Obligations, in each case, to the same extent as the Junior Priority Indebtedness being refinanced, (c) [reserved] and
(d) refinancing of Senior Notes with Refinancing Senior Notes Indebtedness. For purposes of calculating the amount of payments or prepayments under this Section 8.20, the
amount of such payment or prepayment shall be the aggregate amount of cash paid by the Parent and its Restricted Subsidiaries. The prepayment of NO 105 Indebtedness shall not be restricted by this Section 8.20. 

Section 8.21 Use of Proceeds 

(a) The Parent and the Applicants shall not use, whether directly or indirectly, the proceeds of any Letter of Credit, (i) in any manner
that would constitute a violation of Sanctions by any party hereto or (ii) for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an
official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in each case in violation of any Anti-Corruption Law applicable to the Parent, the Applicants or their applicable Subsidiaries. 

(b) The Applicants shall not, directly or indirectly, fund all or part of any repayment or reimbursement of the Obligations out of proceeds
derived from any transaction or activity involving a Sanctioned Person or Sanctioned Country, in each case in violation of Sanctions applicable to the Applicants or its applicable Subsidiaries. ¶ 

Section 8.22 Restrictions Under the
Priming Credit Agreement.¶ 

Notwithstanding anything
in this Agreement and the other Credit Documents to the contrary, prior to the later of the funding of Term Loans (as defined in the Priming Credit Agreement) on the Tranche B Funding Date under the Priming Credit Agreement and the Discharge of
First Priority Claims, none of the Parent or any Applicant shall, and shall not permit any of the Parent’s Restricted Subsidiaries to, take any action that they are otherwise permitted to take pursuant to this Article VIII unless the Parent,
such Applicant or such Restricted Subsidiary, as applicable, is permitted to take such action pursuant to the Priming Credit Agreement. 

  
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 ARTICLE IX 

EVENTS OF DEFAULT 

Section 9.1 Events of Default 

Each of the following events shall be an “Event of Default”: 

(a) the Applicants shall fail to pay any Reimbursement Obligation when the same becomes due and payable; or 

(b) the Applicants shall fail to pay when due and payable any fee under any of the Credit Documents or any other Obligation (other than one
referred to in clause (a) above) and such non-payment continues for a period of three Business Days after the due date therefor; or 

(c) any representation or warranty made or deemed made by any Credit Party in any Credit Document shall prove to have been incorrect in any
material respect when made or deemed made; or 
 (d) any Credit Party shall fail to perform or observe (i) any term, covenant or
agreement contained in Article V, Section 6.3, Section 7.1, Section 7.6, Section 7.13 or Article VIII or (ii) any other term, covenant or agreement contained in this Agreement or in
any other Credit Document if such failure under this clause (ii) shall remain unremedied for 30 days after the earlier of (A) the date on which a Responsible Officer of the Parent or an Applicant obtains actual knowledge of such
failure and (B) the date on which written notice thereof shall have been given to the Parent or an Applicant by the Administrative Agent or any Participant; or 

(e)(i) the Parent, an Applicant or any of the Parent’s Material Subsidiaries shall fail to make any payment on any Indebtedness of
the Applicants or any such Material Subsidiary (other than (x) the Obligations and (y) Non-Recourse Indebtedness) or any Guaranty Obligation in respect of Indebtedness of any other Person, and, in each case, such failure (A) constitutes a failure to pay the principal amount of such Indebtedness when due and payable (whether at maturity or otherwise) or
constitutes a failure to make any other payment where such failure permits (with the giving of notice if required), at the time of determination under this Section 9.1(e), the acceleration of such Indebtedness and
(B) relates to Indebtedness having a principal amount of $75,000,000.0035,000,000.00 or more when the same becomes due
and payable, (ii) any other event shall occur or condition shall exist under any agreement or instrument relating to any
such
Indebtedness having a principal amount of $35,000,000.00 or more (other than under the Lloyds Facility to the extent a letter of
credit in the requisite amount was posted in lieu of the required posting of cash collateral), if the effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness (other than the occurrence of customary conditions to the conversion of Convertible Indebtedness) or (iii) any such Indebtedness
having a principal amount of $35,000,000.00 or more shall become or
be declared to be due and payable, or required to be prepaid or repurchased (other than by a regularly scheduled required prepayment), prior to the stated maturity  

  
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thereof; provided that clauses (ii) and (iii) above shall not apply to any secured Indebtedness that becomes due as a result of the voluntary sale or transfer of
the property or assets securing such Indebtedness; or 

(f)(i)
 the Parent, an Applicant or any of the Parent’s Material Subsidiaries shall generally not pay its debts as such debts become due, shall admit in writing its inability to pay its debts
generally or shall make a general assignment for the benefit of creditors, (ii) any proceeding shall be instituted by or against the Parent, an Applicant or any of the Parent’s Material Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking liquidation, winding
up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts, under any Requirement of Law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or
the appointment of a custodian, receiver, trustee or other similar official for it or for any substantial part of its property; provided, however, that, in the case of any such proceedings instituted against the Parent, an Applicant or
any of the Parent’s Material Subsidiaries (but not instituted by the Parent or any of its Subsidiaries), either such proceedings shall remain undismissed or unstayed for a period of 45 days or more or an order or decree approving or ordering
any of the foregoing shall be entered, or
(iii) the Parent, an Applicant or any of the
Parent’s Material Subsidiaries shall take any corporate action to authorize any action set forth in clause (i) or (ii) above; or 

(g) one or more judgments, injunctions or orders (or other similar process) involving, in the case of a money judgment, an amount in excess of
$75,000,000.0035,000,000.00
 in the aggregate (to the extent not covered by insurance as to which a solvent and unaffiliated insurance company has acknowledged coverage), shall be rendered against one or more of the
Parent, an Applicant and the Parent’s Material Subsidiaries and shall remain unpaid and either (x) enforcement proceedings shall have been commenced by any creditor upon such judgment, injunction or order or (y) there shall be any
period of 30 consecutive days during which a stay of enforcement of such judgment, injunction or order, by reason of a pending appeal or otherwise, shall not be in effect; or 

(h) one or more ERISA Events (except for those events set forth on Schedule 4.16(d) to this Agreement) shall occur and the amount of
all liabilities and deficiencies resulting therefrom imposed on or which could reasonably be expected to be imposed directly on the Parent, an Applicant, any of their respective Restricted Subsidiaries or any Guarantor, whether or not assessed, when
taken together with amounts of all such liabilities and deficiencies for all other such ERISA Events exceeds $75,000,000.0035,000,000.00 in the aggregate, or there exists any fact or
circumstance that reasonably could be expected to result in the imposition of a Lien or security interest under Section 430 of the Code or under ERISA; or 

(i) any provision of any Collateral Document or any other Credit Document (including this Agreement) shall for any reason, except as permitted
by the Credit Documents, cease to be valid and binding on, or enforceable against, any Credit Party which is a party thereto, or any Credit Party shall so state in writing; or 

  
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 (j) any Collateral Document shall for any reason fail or cease to create a valid Lien on any
Collateral with an aggregate value of $15,000,000.00 or more purported to be covered thereby or, except as permitted by the Credit Documents, such Lien shall fail or cease to be a perfected and, subject to the terms of the Senior Intercreditor Agreement,
first priority Lien or any Credit Party shall so state in writing; or 
 (k) there shall occur any Change of Control; or 

(l) there shall occur any “Event of Default” under
and as defined in the Lloyds Facilityan Event of Default (as defined in the Priming Credit
Agreement) shall have occurred and be continuing and shall not have been amended, consented to, or waived in accordance with the Priming Credit Agreement. 

Section 9.2 Remedies 
 During
the continuance of any Event of Default, 
 (a) [reserved]. 

(b) The Administrative Agent (i) may, and, at the request of the Requisite Participants, shall, by notice to the Applicants declare that
all or any portion of the Commitments be terminated, whereupon the obligation of each Issuer to Issue any Letter of Credit shall immediately terminate and (ii) may and, at the request of the Requisite Participants, shall, by notice to the
Applicants, declare the Obligations to be forthwith due and payable, whereupon the Obligations shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly
waived by the Applicants; provided, however, that upon the occurrence of any Event of Default specified in Section 9.1(f), (x) the Commitments of each Participant and the commitments of each Participant and Issuer to
Issue or participate in Letters of Credit shall each automatically be terminated and (y) the Letter of Credit Obligations shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of
which are hereby expressly waived by the Applicants. 
 (c) [reserved]. 

In addition to the remedies set forth above, the Administrative Agent and the Collateral Agent may exercise any remedies provided for by the
Collateral Documents in accordance with the terms thereof or any other remedies provided by applicable law. 
 Section 9.3 Actions in Respect of
Letters of Credit 
 Upon the Termination Date and as required by Section 2.12, the Applicants shall pay to the
Administrative Agent in immediately available funds at the Administrative Agent’s office referred to in Section 11.8, for deposit in the Cash Collateral Account in accordance with Section 2.22(b), an amount equal to 105%
of the sum of all outstanding Letter of Credit Obligations (or such lesser amount as is required to cash collateralize Letter of Credit Obligations under Section 2.12, as applicable). The Administrative Agent may,

  
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from time to time after funds are deposited in any Cash Collateral Account with respect to Letters of Credit (and while an Event of Default has occurred and is continuing), apply funds then held
in such Cash Collateral Account to the payment of any amounts as shall have become or shall become due and payable by the Applicants to the Issuers or Participants in respect of the Letter of Credit Obligations. The Administrative Agent shall
promptly give written notice of any such application; provided, however, that the failure to give such written notice shall not invalidate any such application. 

ARTICLE X 

THE ADMINISTRATIVE AGENT AND OTHER AGENTS 

Section 10.1 Authorization and Action 

(a) Appointment and Authority. (i) Each of the Participants and each Issuer hereby irrevocably appoints Barclays to act on its
behalf as the Administrative Agent hereunder and under the other Credit 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 and (ii) each of the Participants, each Issuer and the other Secured Parties irrevocably authorizes and directs the Administrative Agent to enter into the
Collateral Agency and Intercreditor Agreement pursuant to which the Administrative Agent, on behalf of the Secured Parties, will irrevocably appoint CA CIB to act on its behalf as the Collateral Agent hereunder and under the Collateral Documents and
authorizes the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Collateral Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The
provisions of this Article X are solely for the benefit of the Administrative Agent, the Collateral Agent, the Participants and the Issuers, and neither the Parent, the Applicants nor any other Credit Party shall have rights as a third party
beneficiary of any of such provisions or any obligations with respect thereto. 
 (b) Exculpatory Provisions. Neither the
Administrative Agent or the Collateral Agent shall have any duties or obligations except those expressly set forth herein, in the other Credit Documents and in the Collateral Agency and Intercreditor Agreement. Without limiting the generality of the
foregoing, neither the Administrative Agent or the Collateral Agent: (i) shall be subject to any fiduciary or other implied duties, regardless of whether a Default or an Event of Default has occurred and is continuing; (ii) shall 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 Credit Documents that the Administrative Agent or the Collateral Agent, as applicable,
is required to exercise as directed in writing by the Requisite Participants (or such other number or percentage of the Participants as shall be expressly provided for herein or in the other Credit Documents), provided that neither the
Administrative Agent nor the Collateral Agent shall be required to take any action that, in its opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to any Credit Document or applicable law; and
(iii) shall, except as expressly set forth herein and in the other Credit Documents, 

  
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have any duty to disclose, nor shall be liable for the failure to disclose, any information relating to the Parent, the Applicants or any of its Affiliates that is communicated to or obtained by
the Person serving as the Administrative Agent, the Collateral Agent or any Affiliates of the foregoing in any capacity. 
 Neither the
Administrative Agent or the Collateral Agent shall be liable for any action taken or not taken by it (A) with the consent or at the request of the Requisite Participants (or such other number or percentage of the Participants as shall be
necessary, or as the Administrative Agent or the Collateral Agent, as applicable, shall believe in good faith shall be necessary, under the circumstances as provided in Sections 11.1 and 9.2) or (B) in the absence of its own gross
negligence or willful misconduct. The Administrative Agent and the Collateral Agent shall be deemed not to have knowledge of any Default or Event of Default unless and until notice describing such Default or Event of Default is given to the
Administrative Agent or the Collateral Agent, as applicable, by the Parent, the Applicants, a Participant or an Issuer. 
 Neither the
Administrative Agent or the Collateral Agent shall be responsible for or have any duty to ascertain or inquire into (u) any statement, warranty or representation made in or in connection with this Agreement or any other Credit Document,
(v) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (w) 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, (x) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Credit 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, (y) the value or the sufficiency of any Collateral, or (z) the satisfaction of any condition set forth in Article III or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to the Administrative Agent or the Collateral Agent, as applicable. 
 (c)
Delegation of Duties. The Administrative Agent and the Collateral Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Credit Document by or through any one or more sub agents appointed
by the Administrative Agent or the Collateral Agent, as applicable. The Administrative Agent, the Collateral 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, the Collateral 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 or Collateral Agent, as applicable. 

Section 10.2 Administrative Agent’s Reliance, Etc. 

The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website 

  
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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 not incur any liability for relying thereon. In determining compliance with any condition hereunder to the Issuance of a Letter of
Credit, that by its terms must be fulfilled to the satisfaction of the relevant Issuer, the Administrative Agent may presume that such condition is satisfactory to such Issuer unless the Administrative Agent shall have received notice to the
contrary from such Issuer prior to the Issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Applicants or any other Credit Party), independent accountants and other experts selected
by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 

Section 10.3    The Agents Individually 

The Person serving as each Agent hereunder shall have the same rights and powers in its capacity as a Participant as any other Participant and
may exercise the same as though it were not such Agent and the term “Participant” or “Participants” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Persons serving as the Agents
hereunder in such Person’s individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the
Applicants or any Subsidiary or other Affiliate thereof as if such Person were not an Agent hereunder and without any duty to account therefor to the Participants. 

Section 10.4    Participant Credit Decision 

Each Participant and each Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any other
Participant 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 Participant and each Issuer also acknowledges that it
will, independently and without reliance upon the Administrative Agent or any other Participant 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 Credit Document or any related agreement or any document furnished hereunder or thereunder. 

Section 10.5    Indemnification 

(a) Each Participant agrees to indemnify the Administrative Agent, the Collateral Agent and each Issuer (in such capacities) and each of their
respective Affiliates, and each of their respective Related Parties (to the extent not reimbursed by the Applicants), from and against such Participant’s aggregate Ratable Portion (determined at the time such indemnity is made) of any and all
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses and disbursements (including fees, expenses and disbursements of financial and legal advisors) of any kind or nature

  
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whatsoever that may be imposed on, incurred by, or asserted against, the Administrative Agent, the Collateral Agent or such Issuer or any of their respective Related Parties in any way relating
to or arising out of this Agreement or the other Credit Documents or any action taken or omitted by the Administrative Agent, the Collateral Agent, or such Issuer under this Agreement or the other Credit Documents; provided, however,
that no Participant shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent’s, Collateral Agent’s or
such Issuer’s or such Related Party’s gross negligence or willful misconduct. Without limiting the foregoing, each Participant agrees to reimburse the Administrative Agent, the Collateral Agent, or the Issuers, as applicable, promptly upon
demand for its Ratable Portion (determined at the time such reimbursement is made) of any out-of-pocket expenses (including fees, expenses and disbursements of financial and legal advisors) incurred by the Administrative Agent, the Collateral Agent,
or such Issuer, as applicable, in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of its
rights or responsibilities under, this Agreement or the other Credit Documents, to the extent that the Administrative Agent, the Collateral Agent, or such Issuer, as applicable, is not reimbursed for such expenses by the Applicants or another Credit
Party. 
 (b) To the extent required by any applicable law, the Administrative Agent may withhold from any payment to any Participant an
amount equivalent to any applicable withholding Tax. If the IRS or any other Governmental Authority of the United States or other jurisdiction asserts a claim that the Administrative Agent did not properly withhold Tax from amounts paid to or for
the account of any Participant because the appropriate form was not delivered, was not properly executed or because such Participant failed to notify the Administrative Agent of a change in circumstances that rendered the exemption from, or
reduction of, withholding Tax ineffective or for any other reason, or if the Administrative Agent determines that it otherwise did not withhold an applicable Tax from amounts paid to or for the account of any Participant, such Participant shall
indemnify the Administrative Agent fully for all amounts paid, directly or indirectly, by the Administrative Agent in respect of Tax or otherwise, including any penalties and interest and together with any all costs and expenses (including legal
expenses, and any out of pocket expenses) incurred, whether or not such Tax was correctly or legally imposed or asserted by the relevant Governmental Authority. 

Section 10.6    Successor Agents 

The Administrative Agent may at any time give notice of its resignation to the Participants, the Issuers and the Applicants. Upon receipt of
any such notice of resignation, the Requisite Participants shall have the right, in consultation with the Applicants, to appoint a successor, which shall be a bank (other than a Defaulting Participant), or an Affiliate of any such bank (such
successor, the “Successor Agent”). If no successor shall have been so appointed by the Requisite Participants and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its
resignation, then the retiring Administrative Agent may on behalf of the Participants and 

  
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the Issuers, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative Agent shall notify the Applicants and the Participants
that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Administrative Agent shall be discharged from its duties and obligations
hereunder and under the other Credit Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of or for the benefit of the Participants or the Issuers under any of the Credit Documents, the retiring
Administrative Agent shall continue to hold such collateral security and the rights and obligations under the Parallel Debt until such time as a successor Administrative Agent is appointed and all rights and obligations of the retiring
Administrative Agent under the Parallel Debt have been assigned and assumed by such successor Administrative Agent) and (2) all payments, communications and determinations provided to be made by, to or through the Administrative Agent (other
than, for the avoidance of doubt, with respect to the Parallel Debt) shall instead be made by or to each applicable Participant and each applicable Issuer directly, until such time as the Requisite Participants appoint a successor Administrative
Agent as provided for above in this paragraph. 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
(including all rights and obligations with respect to the Parallel Debt) of the retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other
Credit Documents (if not already discharged therefrom as provided above in this paragraph). Each party to the Collateral Documents governed by Dutch law shall enter into any documents as reasonably necessary or reasonably requested by the successor
Collateral Agent to ensure that the successor Collateral Agent shall have substantially the same rights and obligations under the Collateral Documents governed by Dutch law as it would have had if such successor had been an original party thereto.
The fees payable by the Applicants to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Applicants and such successor. After the retiring Administrative Agent’s
resignation hereunder and under the other Credit Documents, the provisions of this Article X and Sections 11.3 and 11.4 shall continue in effect for the benefit of such retiring Administrative Agent, its sub agents and their
respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring Administrative Agent was acting as Administrative Agent. 

  
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 Section 10.7    Concerning the Collateral and the Collateral Documents

 (a) Each Participant and each Issuer agrees that any action taken by the Administrative Agent, the Collateral Agent or the Requisite
Participants (or, where required by the express terms of this Agreement, a different proportion of the Participants) in accordance with the provisions of this Agreement or the other Credit Documents or the Collateral Agency and Intercreditor
Agreement, and the exercise by the Administrative Agent, the Collateral Agent or the Requisite Participants (or, where so required, such other proportion) of the powers set forth herein or therein, together with such other powers as are reasonably
incidental thereto, shall be deemed authorized by and shall be binding upon all of the Participants, Issuers and other Secured Parties. Without limiting the generality of the foregoing: 

(i) the Administrative Agent shall have the sole and exclusive right and authority to (A) act as the disbursing and
collecting agent for the Participants and the Issuers with respect to all payments and collections arising in connection herewith and with the Collateral Documents, (B) execute and deliver the Collateral Agency and Intercreditor Agreement, and
(C) except as may be otherwise specifically restricted by the terms hereof or of any other Credit Document, exercise all remedies given to the Administrative Agent, the Participants and the Issuers with respect to the Collateral under the
Credit Documents relating thereto, applicable law or otherwise; 
 (ii) [reserved]; and 

(iii) the Collateral Agent shall, in accordance with the Collateral Agency and Intercreditor Agreement, have the sole and
exclusive authority to (A) act as collateral agent for the Participants, the Issuers and the other Secured Parties for purposes of the perfection of all security interests and Liens created by such agreements and all other purposes stated
therein, (B) manage, supervise and otherwise deal with the Collateral, (C) take such action as is necessary or desirable to maintain the perfection and priority of the security interests and Liens created or purported to be created by the
Collateral Documents and (D) except as may be otherwise specifically restricted by the terms hereof or of any other Credit Document, exercise all remedies given to the Administrative Agent, the Collateral Agent, the Participants, the Issuers
and the other Secured Parties with respect to the Collateral under the Credit Documents relating thereto, applicable law or otherwise. 
 (b)
Each of the Participants and the Issuers hereby irrevocably consents, in accordance with the terms hereof, to the Collateral Agent’s release (or, in the case of clause (ii) below, release or subordination) of any Lien held by the
Collateral Agent for the benefit of the Secured Parties against any of the following: 
 (i) all of the Collateral, upon
termination or expiration of the Commitments and payment in full of all Obligations, including the cash collateralization or other required arrangements in respect of any obligations in respect of Letters of Credit to the extent required under this
Agreement (other than contingent indemnification obligations for which no claims has been asserted) that the Collateral Agent has been notified in writing are then due and payable (and, in respect of Contingent Obligations in respect of Letters of
Credit, with respect to which cash collateral has been deposited or a back-up letter of credit has been issued, in either case on terms reasonably satisfactory to the Administrative Agent and the applicable Issuer); 

(ii) any assets that are subject to a Lien permitted by Section 8.2(b), (d)(ii), (d)(iii) or
(l) or any refinancings thereof permitted under Section 8.2(e); 

  
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 (iii) if such sale or disposition is permitted by this Agreement (or
permitted pursuant to a waiver or consent of a transaction otherwise prohibited by this Agreement), any Collateral sold or disposed of by a Credit Party and/or the guaranty of any Subsidiary Guarantor which has been voluntarily sold or disposed of
by a Credit Party or otherwise ceases to be a Subsidiary of the Parent as a result of a transaction permitted by this Agreement; and 

(iv) to the extent certified in writing by the Parent, any other Collateral that is no longer required to be subject to a Lien
pursuant to the Credit Documents. 
 Each of the Participants and the Issuers hereby irrevocably consents, in accordance with the terms hereof, to the
Administrative Agent’s release of any Guarantor from its Guarantee or its obligations under the Pledge and Security Agreement and any other Collateral Document if such release is permitted by Section 11.1(a)(ix). Each of the
Participants and the Issuers hereby irrevocably consents to the Collateral Agent’s execution, delivery and filing of such termination and partial release statements and such other things as are necessary to release Liens and guaranties to be
released pursuant to this Section 10.7 promptly upon the effectiveness of any such release. 
 (c) Each of the Administrative
Agent and the Collateral Agent is hereby authorized to enter into (i) the Collateral Agency and Intercreditor Agreement and (ii, (ii) [reserved], (iii) the Senior Intercreditor Agreement
and (iv) intercreditor arrangements with the holders of any Permitted TermSenior Notes Refinancing Debt to be secured by Liens on the Collateral that are (A) pari passu in priority to the Liens on the Collateral securing the Obligations pursuant to the Collateral Agency and Intercreditor Agreement or
(B) junior in priority to the Liens on the Collateral securing the Obligations in the form of Exhibit K to the Existing Credit Agreement as in effect on the date hereof or in such other of Exhibit K to the Existing Credit Agreement as in effect on the date hereof or
in such othersuch form as may be approved by the Requisite
Participants in the manner set forth in the Junior Intercreditor Agreement. A copy of any documents evidencing such intercreditor arrangements will be made available to each Secured Party upon request. Each Secured Party (by receiving the benefits thereunder) acknowledges and agrees to
the terms of such intercreditor arrangements and agrees that the terms thereof shall be binding on such Secured Party and its successors and assigns as if it were a party thereto. 

Section 10.8    Collateral Matters Relating to Related Obligations 

The benefit of the Credit Documents and of the provisions of this Agreement relating to the Collateral shall extend to and be available in
respect of any Obligation that is otherwise owed to Persons other than the Administrative Agent, the Collateral Agent, the Participants and the Issuers (collectively, “Related Obligations”) solely on the condition and understanding,
as among the Collateral Agent and all Secured Parties, that (a) the Related Obligations shall be entitled to the benefit of the Credit Documents and the Collateral to the extent expressly set forth in this Agreement and the other Credit
Documents and to such extent the Collateral Agent shall hold, and have the right and power to act with respect to, the Collateral Documents and the Collateral on behalf of and as agent for the holders of the Related Obligations, but the Collateral
Agent is otherwise acting 

  
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solely as agent for the Participants and the Issuers and shall have no fiduciary duty, duty of loyalty, duty of care, duty of disclosure or other obligation whatsoever to any holder of Related
Obligations, (b) all matters, acts and omissions relating in any manner to the Collateral Documents, the Collateral, or the omission, creation, perfection, priority, abandonment or release of any Lien, shall be governed solely by the provisions
of this Agreement and the other Credit Documents and no separate Lien, right, power or remedy shall arise or exist in favor of any Secured Party under any separate instrument or agreement or in respect of any Related Obligation, (c) each
Secured Party shall be bound by all actions taken or omitted, in accordance with the provisions of this Agreement and the other Credit Documents, by the Administrative Agent, the Collateral Agent and the Requisite Participants (or such other group
of the Participants as shall be expressly provided for herein or in the other Credit Documents), each of whom shall be entitled to act at its sole discretion and exclusively in its own interest given its own Commitment and its own interest in the
Obligations arising under this Agreement or the other Credit Documents, without any duty or liability to any other Secured Party or as to any Related Obligation and without regard to whether any Related Obligation remains outstanding or is deprived
of the benefit of the Collateral or becomes unsecured or is otherwise affected or put in jeopardy thereby, and (d) no holder of Related Obligations and no other Secured Party (except the Administrative Agent, the Collateral Agent, the
Participants and the Issuers, to the extent set forth in this Agreement) shall have any right to be notified of, or to direct, require or be heard with respect to, any action taken or omitted in respect of the Collateral or under this Agreement or
the Credit Documents. 
 Section 10.9    Other Agents 

Anything herein to the contrary notwithstanding, none of the Syndication Agents, the Arrangers or Bookrunners listed on the cover page hereof
shall have any powers, duties or responsibilities under this Agreement or any of the other Credit Documents, except in its capacity, as applicable, as the Administrative Agent, the Collateral Agent, a Participant or an Issuer hereunder. 

Section 10.10    Certain ERISA Matters 

(a) Each Participant (x) represents and warrants, as of the date such Person became a Participant party hereto, to, and
(y) covenants, from the date such Person became a Participant party hereto to the date such Person ceases being a Participant party hereto, for the benefit of the Administrative Agent and each Arranger and their respective Affiliates, and not,
for the avoidance of doubt, to or for the benefit of the Applicant or any other Credit Party, that at least one of the following is and will be true: 

(i) such Participant is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by
Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Letters of Credit or the Commitments, 

(ii) the prohibited 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 

  
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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 so as to exempt from the prohibitions of ERISA
Section 406 and Code Section 4975, such Participant’s entrance into, participation in, administration of and performance of the Letters of Credit, the Commitments and this Agreement, 

(iii)(A) such Participant 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 Participant to enter into, participate in, administer and perform the Letters of Credit, the Commitments and this
Agreement, (C) the entrance into, participation in, administration of and performance of 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 Participant, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Participant’s entrance into, participation in, administration of and performance of 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 Participant. 
 (b) In addition, unless sub-clause
(i) in the immediately preceding clause (a) is true with respect to a Participant or such Participant has provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately
preceding clause (a), such Participant further (x) represents and warrants, as of the date such Person became a Participant party hereto, to, and (y) covenants, from the date such Person became a Participant party hereto to the date
such Person ceases being a Participant party hereto, for the benefit of the Administrative Agent and each Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Applicant or any other Credit
Party, that: 
 (i) none of the Administrative Agent, Arrangers or any of their respective Affiliates are a fiduciary with
respect to the assets of such Participant (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Credit Document or any documents related to hereto or thereto), 

(ii) the Person making the investment decision on behalf of such Participant with respect to the entrance into, participation
in, administration of and performance of the Letters of Credit, the Commitments and this Agreement is independent (within the meaning of 29 CFR § 2510.3-21) and is a bank, an insurance carrier, an investment adviser, a broker-dealer or other
person that holds, or has under management or control, total assets of at least $50 million, in each case as described in 29 CFR § 2510.3-21(c)(1)(i)(A)-(E), 

  
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 (iii) the Person making the investment decision on behalf of such
Participant with respect to the entrance into, participation in, administration of and performance of the Letters of Credit, the Commitments and this Agreement is capable of evaluating investment risks independently, both in general and with regard
to particular transactions and investment strategies (including in respect of the Obligations), 
 (iv) the Person making the
investment decision on behalf of such Participant with respect to the entrance into, participation in, administration of and performance of the Letters of Credit, the Commitments and this Agreement is a fiduciary under ERISA or the Code, or both,
with respect to the Letters of Credit, the Commitments and this Agreement and is responsible for exercising independent judgment in evaluating the transactions hereunder, and 

(v) no fee or other compensation is being paid directly to the Administrative Agent, Arranger or any of their respective
Affiliates for investment advice (as opposed to other services) in connection with the Letters of Credit, the Commitments or this Agreement. 

(c) The Administrative Agent and Arrangers hereby inform the Participants that each such Person is not undertaking to provide impartial
investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest in the transactions contemplated hereby in that such Person or an Affiliate thereof
(i) may receive interest or other payments with respect to the Letters of Credit, the Commitments and this Agreement, (ii) may recognize a gain if it extended the Letters of Credit, or the Commitments for an amount less than the amount
being paid for an interest in the Letters of Credit, or the Commitments by such Participant or (iii) may receive fees or other payments in connection with the transactions contemplated hereby, the Credit Documents or otherwise, including
structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting
fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees or fees similar to the foregoing. 

ARTICLE XI 

MISCELLANEOUS 

Section 11.1    Amendments, Waivers, Etc. 

(a) Except as provided in Sections 2.24 and 2.25 no amendment or waiver of any provision of this Agreement or any other Credit
Document nor consent to any departure by any Credit Party therefrom shall in any event be effective unless the same 

  
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shall be in writing and signed by the Requisite Participants (or by the Administrative Agent with the consent of the Requisite Participants) and, in the case of any amendment, by the Applicants,
and then any such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, notwithstanding the foregoing, each Credit Document may be amended in accordance with
its express terms; provided, further, that no amendment, waiver or consent shall, unless in writing and signed by each Participant or Issuer directly affected thereby (or the Administrative Agent with the consent thereof), do any of
the following: 
 (i) [reserved]; 

(ii) [reserved]; 

(iii) increase the Commitment of such Participant (it being agreed that a waiver of any condition precedent or the waiver of
any Default, Event of Default or mandatory prepayment will not constitute a Commitment increase under this clause (iii)); 

(iv) extend the scheduled final maturity of any Reimbursement Obligation payable to such Participant, or waive, reduce or
postpone any scheduled date fixed for the payment of any such Reimbursement Obligation or for the reduction of such Participant’s Commitment (it being agreed that a waiver of any condition precedent or the waiver of any Default, Event of
Default or mandatory prepayment will not constitute an extension, waiver, reduction or postponement under this clause (iv)); 

(v) reduce the amount of any Reimbursement Obligation payable to such Participant (in each case, other than by the payment
thereof); 
 (vi) reduce the rate or amount of interest on any Reimbursement Obligations outstanding or any fee payable
hereunder to such Participant; provided, however, that only the consent of the Requisite Participants shall be necessary to waive any obligation of the Applicants to pay interest or Participation Fees payable hereunder at the default
rate set forth in Section 2.7(i), 2.13(d) and Section 2.15(c)(ii), respectively; 
 (vii)
postpone any scheduled date fixed for payment of such interest or fees owing to such Participant (it being agreed that a waiver of any condition precedent or the waiver of any Default, Event of Default or mandatory prepayment will not constitute a
postponement under this clause (vii)); 
 (viii)(x) alter the manner in which payments or prepayments of Reimbursement
Obligations, interest or other amounts hereunder shall be applied as among the Participants or (y) change the aggregate Ratable Portions of Participants required for any or all Participants to take any action hereunder; 

  
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 (ix)(x) release all or substantially all of the Collateral except as
provided in Section 10.7(b)(i) or (y) release an Applicant from its payment obligations to such Participant under this Agreement or (z) release any Guarantor from its Guarantee or its obligations under the Pledge and Security
Agreement except (I) in connection with the sale or other disposition of such Guarantor (or all or substantially all of the assets thereof) permitted by this Agreement (or permitted pursuant to a waiver or consent of a transaction otherwise
prohibited by this Agreement) and (II) in connection with any other transaction permitted pursuant to this Agreement in which such Subsidiary Guarantor ceases to be a Guarantor (including, without limitation, in connection with any transaction
permitted pursuant to Section 8.6 and in connection with the designation of any Subsidiary Guarantor as an Unrestricted Subsidiary in accordance with this Agreement); provided, however, that notwithstanding the foregoing
clause (z), each of the following may be released: (x) any Immaterial Guarantor with the consent of the Administrative Agent, (y) any other Guarantor that ceases to be a Subsidiary of the Parent as the result of a transaction
permitted hereunder and (z) with the consent of the Administrative Agent, any Guarantor that, as a result of its status as a Guarantor, would be required to take any action that at such time (I) is prohibited by (A) any Governmental
Authority with authority over such Guarantor or (B) applicable law, (II) requires the consent of a Governmental Authority that has not been obtained or (III) is not within such Guarantor’s legal capacity or authority; or 

(x) amend Section 2.16(e) or (f), Section 10.7(b), this Section 11.1, the sharing
provisions of Section 11.7 or the definitions of the terms “Requisite Participants” or “Ratable Portion”; and 

provided, further, that notwithstanding the foregoing: (s) any modification or amendment to any Collateral Document or the Guaranty
Agreement to modify or amend the form, scope or content of any such Collateral Document or the Guaranty Agreement to conform or comply with local law requirements or custom shall only require the consent of the Administrative Agent and the
Collateral Agent, (t) [reserved] (u) [reserved], (v) no amendment shall be made to this clause (a) without the prior written consent of each Participant, (w) [reserved], (x) (i) no amendment, waiver or
consent shall, unless in writing and signed by the Administrative Agent in addition to the Participants required above to take such action, affect the rights or duties of the Administrative Agent under this Agreement or the other Credit Documents
and (ii) no amendment, waiver or consent shall, unless in writing and signed by the Collateral Agent in addition to the Participants required above to take such action, affect the rights or duties of the Collateral Agent under this Agreement or
the other Credit Documents, (y) no amendment, waiver or consent shall, unless in writing and signed by such Issuer, affect the rights or duties of such Issuer under this Agreement or the other Credit Documents and (z) each fee letter
entered into by a Credit Party in connection with this Agreement 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 Participant
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 Participants or each affected

  
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Participant may be effected with the consent of the Participants other than Defaulting Participant), except that (x) the Commitments of any Defaulting Participant may not be increased or
extended without the consent of such Participant, (y) the amount of any Reimbursement Obligation payable to such Defaulting Participant may not be reduced without the consent of such Participant (in each case, other than by the payment or
prepayment thereof) and (z) any waiver, amendment or modification requiring the consent of all Participants or each affected Participant that by its terms affects any Defaulting Participant more adversely than other affected Participants shall
require the consent of such Defaulting Participant. 
 (b) The Administrative Agent may, but shall have no obligation to, with the
concurrence of any Participant, execute amendments, modifications, waivers or consents on behalf of such Participant. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. No
notice to or demand on an Applicant in any case shall entitle the Applicants to any other or further notice or demand in similar or other circumstances. 

(c) If, in connection with any proposed amendment, modification, waiver or termination requiring the consent of all affected Participants, the
consent of Requisite Participants is obtained but the consent of other Participants whose consent is required is not obtained (any such Participant whose consent is not obtained as described in this Section 11.1(c) being referred to as a
“Non-Consenting Participant”), then, at the Applicants’ request, the Administrative Agent or an Eligible Assignee reasonably acceptable to the Administrative Agent (provided that any Participant, Affiliate of a
Participant or an Approved Fund shall be acceptable to the Administrative Agent) shall have the right (but shall have no obligation) to purchase from such Non-Consenting Participant, and such Non-Consenting Participant agrees that it shall, upon
such request and acceptance, sell and assign to such Participant, Affiliate of a Participant, Approved Fund or Eligible Assignee, all of the Commitments and Letter of Credit Obligations of such Non-Consenting Participant for an amount equal to the
principal balance of all applicable Obligations held by the Non-Consenting Participant and all accrued interest and fees with respect thereto and other amounts due and payable hereunder through the date of sale, such purchase and sale to be
consummated pursuant to an Assignment and Acceptance delivered to the Administrative Agent, and the Eligible Assignee shall pay any processing and recordation fee (which fee may be waived or reduced in the sole discretion of the Administrative
Agent); provided, however, that the failure to execute and deliver such Assignment and Acceptance by the Non-Consenting Participant shall not invalidate such assignment, and such Assignment and Acceptance shall be deemed to be executed
and delivered upon receipt by such Non-Consenting Participant of the proceeds of such sale and acceptance. 
 (d) Notwithstanding anything
herein to the contrary, the Agency Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto. 

  
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 Section 11.2    Assignments and Facility Participations 

(a) Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby, except that no Credit Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each
Participant and no Participant may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of clause (b) below, (ii) by way of participation
in accordance with the provisions of clause (d) below or (iii) by way of pledge or assignment of a security interest subject to the restrictions of clause (f) below (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, Sub-Participants to the
extent provided in clause (d) below and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Collateral Agent, the Arrangers, the Bookrunners, the Syndication Agents, the
Participants, and the Issuers) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 (b) Assignments by
Participants. Any Participant may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Reimbursement Obligations at the
time owing to it); provided that any such assignment shall be subject to the following conditions: 
  

	 	(i)	 Minimum Amounts. 

 

	 	(A)	 LC Facilities. (1) In the case of an assignment of the entire remaining amount of the assigning
Participant’s Commitment and the Reimbursement Obligations at the time owing to it or in the case of an assignment to a Participant, an Affiliate of a Participant or an Approved Fund, no minimum amount need be assigned; and (2) in any case
not described in clause (1) above, the aggregate amount of the Commitment (which for this purpose includes Letter of Credit Obligations outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding
balance of the Reimbursement Obligations of the assigning Participant subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent or, if
“Trade Date” is specified in the Assignment and Acceptance, as of the Trade Date) shall not be less than $5,000,000.00 unless the Administrative Agent and, so long as no Event of
Default under Section 9.1(a), (b) or (f) has occurred and is continuing, the Applicants otherwise consent (each such
consent not to be unreasonably withheld or delayed). 

  
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	 	(B)	 [reserved]. 

(ii) Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of the
assigning Participant’s rights and obligations under this Agreement with respect to the LC Facility. 
 (iii)
Required Consents. No consent shall be required for any assignment except to the extent required by clause (b)(i)(A)(2) above and, in addition, (x) in the case of assignments of Commitments or Letter of Credit Obligations:
(A) the consent of the Applicants (such consent not to be unreasonably withheld) shall be required unless (x) an Event of Default under Section 9.1(a), (b) or (f) has occurred and is continuing at the time of such assignment
or (y) such assignment is to a Participant, an Affiliate of a Participant or an Approved Fund with regard to a Participant; provided that an Applicant shall be deemed to have consented to any such assignment unless it shall object
thereto by written notice to the Administrative Agent within 5 Business Days after having received notice thereof; (B) the consent of the Administrative Agent and the Issuers (such consents not to be unreasonably withheld or delayed) shall be
required if such assignment is to a Person that is not a Participant, an Affiliate of such Participant or an Approved Fund with respect to such Participant; and (C) the consent of Barclays (in its capacity as, and solely to the extent it is at
the time of such assignment, an Issuer) (such consent not to be unreasonably withheld or delayed) shall be required for any assignment that increases the obligation of the assignee to participate in exposure under one or more Letters of Credit
(whether or not then outstanding). 
 (iv) Assignment and Acceptance. The parties to each assignment (A) under
the LC Facility shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500.00, and the assignee, if it is not a Participant, shall deliver to the Administrative Agent
the Administrative Questionnaire and (B) [reserved]. 
 (v) [Reserved]. 

(vi) No Assignment to Applicants. No such assignment under the LC Facility shall be made to the Parent, the Applicants
or any of the Parent’s Affiliates or Subsidiaries. 
 (vii) No Assignment to Natural Persons. No such assignment
shall be made to a natural person. 
 (viii) No Assignment to Defaulting Participants. No such assignment shall be
made to any Defaulting Participant or any of its Subsidiaries, or any Person who, upon becoming a Participant hereunder, would constitute any of the foregoing Persons. 

  
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(ix) No Assignment to Disqualified
Institutions. No assignment shall be made to any Disqualified Institution. Upon any Participant’s written request to the Administrative Agent, the Administrative Agent shall make available to such Participant the list of the
Disqualified Institutions.[Reserved]. 

(x) No Assignment Prior to Initial Utilization Date. No assignment of any Commitment shall be made in any respects
during the period after the Effective Date but on or prior to the Initial Utilization Date. 
 (xi) Certain Additional
Payments. In connection with any assignment of rights and obligations of any Defaulting Participant 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 Applicants and the Administrative Agent, 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 Participant to the Administrative Agent or any Participant hereunder (and interest accrued thereon) and (y) acquire (and fund as appropriate) its full pro rata share of all
participations in Letters of Credit in accordance with its Ratable Portion. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Participant 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 Participant for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to clause (c) below, from and after the effective date specified
in each Assignment and Acceptance, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights and obligations of a Participant under this Agreement, and
the assigning Participant thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all of the
assigning Participant’s rights and obligations under this Agreement, such Participant shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 2.17, 11.4 and 11.5 with respect to facts
and circumstances occurring prior to the effective date of such assignment. Any assignment or transfer by a Participant of rights or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this
Agreement as a sale by such Participant of a participation in such rights and obligations in accordance with clause (d) below. 

(c) Register. The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Applicants, shall maintain at its
address referred to in Section 11.8 a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Participants and Issuers and the

  
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Commitments of, and Reimbursement Obligations owing to, each Participant and Issuer pursuant to the terms hereof from time to time (the “Register”). The entries in the Register
shall be conclusive absent manifest error, and the Applicants, the Administrative Agent, Participants and Issuers, shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Participant, as applicable, hereunder
for all purposes of this Agreement, notwithstanding notice to the contrary. In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation, of any Participant as a Defaulting
Participant. The Register shall be available for inspection by the Applicants, the Issuers and any Participant at any reasonable time and from time to time upon reasonable prior notice. 

(d) Facility Participations. Any Participant may at any time, without the consent of, or notice to, the Applicants or the Administrative
Agent, sell participations to any Person (other than a Disqualified Institution, a natural person, a
Defaulting Participant, the Parent, any Applicant, or any of the Parent’s other Affiliates or Subsidiaries) (each, a “Sub-Participant”) in all or a portion of such Participant’s rights and/or obligations under this
Agreement (including all or a portion of its Commitment and/or the Reimbursement Obligations owing to it); provided that (i) such Participant’s obligations under this Agreement shall remain unchanged, (ii) such Participant
shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Applicants, the Administrative Agent, the Participants, the Issuers shall continue to deal solely and directly with such
Participant in connection with such Participant’s rights and obligations under this Agreement. Each Participant that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Applicants, maintain a register on
which it enters the name and address of each Sub-Participant and the principal amounts (and stated interest) of each Sub-Participant’s interest in the obligations under the Credit Documents (the “Sub-Participant Register”);
provided that no Participant shall have any obligation to disclose all or any portion of the Sub-Participant Register (including the identity of any Sub-Participant or any information relating to a Sub-Participant’s interest in any
commitments, loans, letters of credit or its other obligations under any Credit Document) to any Person except to the extent such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered
form under Treasury Regulations Section 5f.103-1(c) and Proposed Treasury Regulations Section 1.163-5(b) (or any amended or successor version). The entries in the Sub-Participant Register shall be conclusive absent manifest error, and such
Participant shall treat each Person whose name is recorded in the Sub-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 not have any responsibility for maintaining a Sub-Participant Register. 
 Any
agreement or instrument pursuant to which a Participant sells such a participation shall provide that such Participant 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 Participant will not, without the consent of the Sub-Participant, agree to any amendment, modification or waiver which would (x) reduce the amount, or
postpone any date fixed for any amount 

  
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(whether of principal, interest or fees) payable to such Sub-Participant under the Credit Documents, to which such Sub-Participant would otherwise be entitled under such participation,
(y) increase the commitment applicable to such Sub-Participant or (z) result in the release of all or substantially all of the Collateral or the release of all or substantially all of the Guarantees. Subject to clause
(e) below, each Applicant jointly and severally agrees that each Sub-Participant shall be entitled to the benefits of Section 2.17 to the same extent as if it were a Participant and had acquired its interest by assignment
pursuant to clause (b) above. To the extent permitted by law, each Sub-Participant also shall be entitled to the benefits of Section 11.6 as though it were a Participant, provided such Sub-Participant agrees to be
subject to Section 11.7 as though it were a Participant. 
 (e) Limitations upon Sub-Participant Rights. A Sub-Participant
shall not be entitled to receive any greater payment under Sections 2.17(c), 2.18 and 2.19 than the applicable Participant would have been entitled to receive with respect to the participation sold to such Sub-Participant unless
the sale of the participation to such Sub-Participant is made with the Applicants’ prior written consent, except to the extent such entitlement to receive a greater payment results from a change in applicable Requirement of Law that occurs
after the Sub-Participant acquired the applicable participation. A Sub-Participant shall be entitled to the benefits of Section 2.19 as if it were a Participant which received its interest pursuant to an assignment pursuant to
paragraph (b) of this Section, but only if each Applicant is notified of the participation sold to such Sub-Participant and such Sub-Participant agrees, for the benefit of the Applicants, to comply with Sections 2.19, 2.20
and 2.21 as though it were a Participant. 
 (f) Certain Pledges. Any Participant may at any time pledge or assign a security
interest in all or any portion of its rights under this Agreement to secure obligations of such Participant, including any pledge or assignment to secure obligations to a Federal Reserve Bank or any central bank; provided that no such pledge
or assignment shall release such Participant from any of its obligations hereunder or substitute any such pledgee or assignee for such Participant as a party hereto. 

(g) [Reserved]. 
 (h) Any Issuer
may, with, unless an Event of Default under Section 9.1(a), (b) or (f) has occurred and is continuing, the prior written consent of the Applicants (such consent not to be unreasonably withheld or delayed) at any
time assign its rights and obligations hereunder to any other Participant that is not a Defaulting Participant by an instrument in form and substance satisfactory to the Applicants, the Administrative Agent, such Issuer and such Participant. If any
Issuer ceases to be a Participant hereunder by virtue of any assignment made pursuant to this Section 11.2(h), then, as of the effective date of such cessation, such Issuer’s obligations to Issue Letters of Credit pursuant to
Section 2.5, as applicable, shall terminate and such Issuer shall be an Issuer hereunder only with respect to outstanding Letters of Credit issued prior to such date. 

  
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 Section 11.3    Costs and Expenses 

(a) The Parent and the Applicants jointly and severally agree upon demand to pay, or reimburse the Administrative Agent and the Collateral
Agent for all of such Agent’s reasonable external audit, valuation, filing, document duplication and reproduction and investigation expenses and all reasonable and documented out-of-pocket legal expenses (limited to the reasonable and
documented fees, expenses and disbursements of the Collateral Agent’s counsel, Bracewell LLP, the Administrative Agent’s counsel, Latham & Watkins
LLP, and one firm of local legal counsel in each relevant jurisdiction) and
for all of such Agent’s other reasonable and documented out-of-pocket costs and expenses of every type and nature (including, without limitation, the reasonable and documented fees, expenses and disbursements of auditors, accountants, printers,
insurance and environmental advisors, and other consultants and agents, including any third party consultant engaged by the Administrative Agent or the Collateral Agent to evaluate the Parent and its Subsidiaries) reasonably incurred by any Agent
(without duplication) in connection with any of the following: (i) the Administrative Agent’s audit and investigation of the Parent and its Subsidiaries in connection with the preparation, negotiation or execution of any Credit Document
or, if an Event of Default has occurred and is continuing, the Administrative Agent’s periodic audits of the Parent or any of its Subsidiaries (which audit expenses shall be reimbursed only if conducted when an Event of Default has occurred and
is continuing), as the case may be, (ii) the preparation, negotiation, execution or interpretation of this Agreement (including, without limitation, the satisfaction or attempted satisfaction of any condition set forth in Article III,
any Credit Document or any proposal letter or engagement letter issued in connection therewith), (iii) the creation, perfection or protection of the Liens under any Credit Document, (iv) the ongoing administration of this Agreement and the
Letters of Credit, including consultation with attorneys in connection therewith and with respect to the Administrative Agent’s and the Collateral Agent’s rights and responsibilities hereunder and under the other Credit Documents,
(v) the protection, collection or enforcement of any Obligation or the enforcement of any Credit Document, (vi) the commencement, defense or intervention in any court proceeding relating in any way to the Obligations, any Credit Party, any
of the Parent’s Subsidiaries, this Agreement or any other Credit Document, (vii) the response to, and preparation for, any subpoena or request for document production with which any Agent is served or deposition or other proceeding in
which any Agent is called to testify, in each case, relating in any way to the Obligations, any Credit Party, any of the Parent’s Subsidiaries, this Agreement or any other Credit Document, or (viii) any amendment, consent, waiver,
assignment, restatement, or supplement to any Credit Document or the preparation, negotiation, and execution of the same; provided, however, that the Applicants shall not have any obligation under clauses (vi) and
(vii) hereunder in connection with any action brought by one Secured Party against another Secured Party (except in its capacity as an Agent, if applicable). The Applicants also agree upon demand to pay all reasonable and documented
out-of-pocket expenses incurred by an Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder.
Notwithstanding anything to the contrary herein, unless an Event of Default exists, the Applicants shall not be responsible for any fees and expenses under this clause (a) for any advisors, consultants or other third party service
providers engaged by  

  
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any of the Administrative Agent, the Collateral Agent, the Arrangers, the Bookrunners and the Issuers or any of their respective
Affiliates unless the Applicants shall have approved such engagement of such advisor, consultant or other third party advisor in writing prior to such engagement (such consent not to be unreasonably withheld, conditioned or delayed); provided, further, that the Applicants shall not have any obligation under clause (vi) hereunder in connection with any action brought by one Secured Party against another Secured Party
(except in its capacity as an Agent, if applicable). 
 (b) The Parent and the Applicants further jointly and severally agree to pay
or reimburse each Agent and each of the Participants and Issuers upon demand for all reasonable out-of-pocket costs and expenses, including, without limitation, reasonable and documented out-of-pocket attorneys’ fees (including allocated costs
of settlement, but excluding in-house counsel and limited to the reasonable and documented fees, expenses and disbursements of the Collateral Agent’s counsel, Bracewell LLP, the Administrative Agent’s counsel, Latham & Watkins LLP
and one firm of local legal counsel in each relevant jurisdiction), incurred by such Agent, such Participants or Issuers in connection with any of the following: (i) in enforcing any Credit Document or any security therefor or exercising or
enforcing any other right or remedy available by reason of an Event of Default, (ii) following the occurrence and during the existence of an Event of Default, in connection with any refinancing or restructuring of the credit arrangements
provided hereunder in the nature of a “work-out” or in any insolvency or bankruptcy proceeding, (iii) in commencing, defending or intervening in any litigation or in filing a petition, complaint, answer, motion or other pleadings in
any legal proceeding relating to the Obligations, any Credit Party, any of the Parent’s Subsidiaries and related to or arising out of the transactions contemplated hereby or by any other Credit Document or (iv) in taking any other action
in or with respect to any suit or proceeding (bankruptcy or otherwise) described in clause (i), (ii) or (iii) above; provided, however, that the Applicant shall not have any obligation under clause
(iii) hereunder in connection with any action brought by one Secured Party against another Secured Party (except in its capacity as an Agent, if applicable). 

(c) Without prejudice to the survival of any other agreement of the Parent and the Applicants hereunder, the agreements and obligations of the
Parent and the Applicants contained in this Section 11.3 shall survive the resignation and/or replacement of the Administrative Agent or Collateral Agent, any assignment of rights by, or the replacement of, a Participant or an Issuer,
the termination of this Agreement, the Commitments and the repayment, and the satisfaction or discharge of the Obligations. 

Section 11.4    Indemnities 

(a) The Parent and the Applicants jointly and severally agree to and hereby do indemnify and hold harmless the Administrative Agent, the
Collateral Agent, Arrangers, Bookrunners, Syndication Agents, Issuers and Participants (together with their respective Affiliates (and controlling persons) and the respective officers, directors, employees, agents, members (and successors and
assigns) of each of the foregoing, each such Person being an “Indemnitee”) from and against any and all claims, damages, liabilities, obligations, losses, penalties, actions, judgments, suits, costs, disbursements and

  
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expenses of any kind or nature (including reasonable, documented and customary fees, disbursements and expenses of financial and legal advisors to any such Indemnitee, provided that legal
advisors shall be limited to the reasonable and documented fees, disbursements and expenses of (x) one firm of counsel for all Agents, Participants and Issuers, (y) one firm of local counsel in each relevant jurisdiction, and (z) in
the case of an actual or perceived conflict of interest where the person affected by such conflict retains its own counsel, of another firm of counsel for such affected person in each relevant jurisdiction) that may be imposed on, incurred by or
asserted against any such Indemnitee in connection with or arising out of any investigation, litigation or proceeding, whether or not any such Indemnitee is a party thereto and regardless of whether such matter is initiated by a third party or by
the Applicants or any of its Affiliates, whether direct, indirect, or consequential and whether based on any federal, state or local law or other statutory regulation, securities or commercial law or regulation, or under common law or in equity, or
on contract, tort or otherwise, in any manner relating to or arising out of this Agreement, any other Credit Document, any Obligation, any Letter of Credit, the Business Combination or any act, event or transaction related or attendant to any
thereof, or the use or intended use of the Letters of Credit or in connection with any investigation of any potential matter covered hereby (collectively, the “Indemnified Matters”); provided, however, that the
Applicants shall not have any obligation under this Section 11.4 to an Indemnitee with respect to (i) any Indemnified Matter caused by or resulting from the gross negligence, bad faith or willful misconduct of such Indemnitee, as
determined by a court of competent jurisdiction in a final non-appealable judgment or order or order of an arbitral tribunal, (ii) a material breach of the Credit Documents by such Indemnitee, as determined by a court of competent jurisdiction
in a final non-appealable judgment or order or order of an arbitral tribunal and (iii) any action brought by one Indemnitee against another Indemnitee (except in its capacity as an Agent) which does not involve an act or omission by the Parent
or any of its Affiliates or (iv) any settlement entered into by such Indemnitee without the Parent’s written consent (such consent not to be unreasonably withheld, conditioned or delayed); provided that the foregoing indemnity will
apply to any such settlement in the event that the Parent was offered the ability to assume the defense of the action that was the subject matter of such settlement and elected not to so assume; provided, further, that if there is a
final and non-appealable judgment by a court of competent jurisdiction, the Parent agrees to indemnify and hold harmless each Indemnitee from and against any and all losses, claims, damages, liabilities and expenses by reason of such settlement or
judgment in accordance with the other provisions of this Section 11.4. Without limiting the foregoing, but subject to the express limitations of the foregoing, “Indemnified Matters” include (i) all Environmental
Liabilities and Costs arising from or connected with the past, present or future operations of the Parent, the Applicants, or any of their respective Subsidiaries involving any property subject to a Collateral Document, or damage to real or personal
property or natural resources or harm or injury alleged to have resulted from any Release of Contaminants on, upon or into such property or any contiguous real estate, (ii) any costs or liabilities incurred in connection with any Remedial
Action concerning the Parent, the Applicants, or any of their respective Subsidiaries, (iii) any costs or liabilities incurred in connection with any Environmental Lien and (iv) any costs or liabilities incurred in connection with any
other matter under any Environmental Law, including the Comprehensive Environmental Response, Compensation and Liability 

  
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Act of 1980, (49 U.S.C. § 9601 et seq.) and applicable state property transfer laws, whether, with respect to any such matter, such Indemnitee is a mortgagee pursuant to any leasehold
mortgage, a mortgagee in possession, the successor in interest to the Parent or any of its Subsidiaries, or the owner, lessee or operator of any property of the Parent or any of its Subsidiaries by virtue of foreclosure, except, with respect to
those matters referred to in clauses (i), (ii), (iii) and (iv) above, to the extent (x) incurred following foreclosure (or deed in lieu thereof) by the Administrative Agent, any Participant or any Issuer,
or the Administrative Agent, the Collateral Agent, any Participant or any Issuer having become the successor in interest to the Parent, the Applicants, or any of their respective Subsidiaries and (y) attributable solely to acts of the
Administrative Agent, such Participant or such Issuer or any agent on behalf of the Administrative Agent, such Participant or such Issuer. This Section 11.4(a) shall not apply with respect to Taxes other than any Taxes that represent
losses or damages arising from any non-Tax claim. 
 (b) The Parent and each Applicant shall and does hereby jointly and severally indemnify
each Agent, each Participant and each Issuer for, and hold each Agent, each Participant and each Issuer harmless from and against, any and all claims for brokerage commissions, fees and other compensation made against any Agent, any Participant and
any Issuer for any broker, finder or consultant with respect to any agreement, arrangement or understanding made by or on behalf of any Credit Party or any of its Subsidiaries in connection with the transactions contemplated by this Agreement. 

(c) Promptly after receipt by an Indemnitee of service of any complaint or the commencement of any action or proceeding with respect to an
Indemnified Matter, such Indemnitee will notify the Parent in writing of such complaint or of the commencement of such action or proceeding, but failure to so notify the Parent will relieve the Parent or the Applicants from the obligation to
indemnify such Indemnitee only if and only to the extent that such failure results in the forfeiture by the Parent or the Applicants of substantial rights and defenses that actually and materially prejudice the Parent or the Applicants, and will not
in any event relieve the Parent or the Applicants from any other obligation or liability that the Parent or the Applicants may have to any Indemnitee otherwise than in accordance with the provisions hereof. If the Parent or any Applicant so elects
following its acknowledgment of its obligation to indemnify the Indemnitee, or if requested by such Indemnitee, the Parent or such Applicant will assume the defense of such action or proceeding, including the employment of counsel reasonably
satisfactory to such Indemnitee and the payment of the fees and disbursements of such counsel. In the event, however, such Indemnitee reasonably determines in its judgment that having common counsel would present such counsel with a conflict of
interest or if the defendants in or targets of any such action or proceeding include an Indemnitee and the Parent or the Applicants and such Indemnitee reasonably concludes that there may be legal defenses available to it or other Indemnitees that
are different from or in addition to those available to the Parent or the Applicants, or if the Parent or the Applicants fail to assume the defense of the action or proceeding or to employ counsel reasonably satisfactory to such Indemnitee in a
timely manner, then such Indemnitee may employ separate counsel to represent or defend it in any such action or proceeding and the Parent and the Applicants will pay the reasonable and customary fees and disbursements of such counsel;
provided, however, that 

  
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the Parent and the Applicants will not be required to pay the fees and disbursements of more than one separate counsel (in addition to local counsel) for such Indemnitee in any jurisdiction in
any single action or proceeding. In any action or proceeding the defense of which the Parent or the Applicants assume, the Indemnitee will have the right to participate in such litigation and to retain its own counsel at such Indemnitee’s own
expense. 
 (d) The Parent and the Applicants jointly and severally agree that any indemnification or other protection provided to any
Indemnitee pursuant to this Agreement (including pursuant to this Section 11.4) or any other Credit Document shall (i) survive the termination of this Agreement and the payment in full of the Obligations and (ii) inure to the
benefit of any Person that was at any time an Indemnitee under this Agreement or any other Credit Document. 
 Section 11.5
    Limitation of Liability 
 The Parent and the Applicants jointly and severally agree that no Indemnitee
shall have any liability (whether direct or indirect, in contract, tort or otherwise) to any Credit Party or any of their respective Subsidiaries or any of their respective equity holders or creditors for or in connection with the transactions
contemplated hereby and in the other Credit Documents, except for direct damages (as opposed to special, indirect, consequential or punitive damages (including, without limitation, any loss of profits, business or anticipated savings)) determined in
a final non-appealable judgment by a court of competent jurisdiction to have resulted from such Indemnitee’s gross negligence, bad faith or willful misconduct. The Parent and each Applicant hereby waives, releases and agrees (for itself and on
behalf of its Subsidiaries) not to sue upon any such claim for any special, indirect, consequential or punitive damages, whether or not accrued and whether or not known or suspected to exist in its favor. 

Section 11.6     Right of Set-off 

Upon the occurrence and during the continuance of any Event of Default, each Participant and each Affiliate of any of them is hereby authorized
at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such
Participant or any of their respective Affiliates to or for the credit or the account of the Parent or any Applicant against any and all of the Obligations now or hereafter existing whether or not such Participant shall have made any demand under
this Agreement or any other Credit Document and even though such Obligations may be unmatured. Each Participant agrees promptly to notify the Parent or such Applicant after any such set-off and application made by such Participant or its respective
Affiliates; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application. In the event that any Defaulting Participant shall exercise any 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 2.23 and, pending such payment, shall be segregated by such Defaulting Participant from its other
funds and deemed held in trust for the benefit of the Administrative Agent and the Participants, and (y) the Defaulting Participant shall provide promptly to the 

  
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Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Participant as to which it exercised such right of setoff. The rights of each Participant
under this Section 11.6 are in addition to the other rights and remedies (including other rights of set-off) that such Participant may have. 

Section 11.7 Sharing of Payments, Etc. 

Subject to Section 2.16(f): 

(a) (i) (A) [reserved]. 
  

	 	(B)	 [reserved]. 

  

	 	(C)	 If any Participant obtains any payment (whether voluntary, involuntary, through the exercise of any right of
set-off or otherwise) of the Obligations owing to it, any interest thereon, fees in respect thereof or other Obligations hereunder (other than payments pursuant to Section 2.17, 2.18 or 2.19) in excess of its Ratable
Portion of all payments of such Obligations obtained by all the Participants, except as a result of a refinancing of such Obligations, such Participant (each, a “Purchasing LC Participant”) shall forthwith purchase from the other
Participants (each, a “Selling Participant”) such participations in their Letter of Credit Obligations as shall be necessary to cause such Purchasing LC Participant to share the excess payment ratably with each of them.

  

	 	(D)	 [reserved]. 

  

	 	(E)	 Except as expressly provided otherwise with respect to Defaulting Participants, each payment of the Commitment
Fees and each reduction of the Commitments shall be allocated pro rata among the Participants in accordance with their respective Commitments (or, if the Commitments shall have expired or been terminated, in accordance with the respective LC
Facility Exposure). 

 (b) If all or any portion of any payment received by a Purchasing LC Participant is thereafter
recovered from such Purchasing LC Participant, such purchase from each applicable Selling Participant shall be rescinded and such Selling Participant shall repay to the Purchasing LC Participant the purchase price to the extent of such recovery
together with an amount equal to such Selling Participant’s ratable share (according to the proportion of (i) the amount of such Selling Participant’s required repayment in relation to (ii) the total amount so recovered from the
Purchasing LC Participant) of any interest or other amount paid or payable by the Purchasing LC Participant in respect of the total amount so recovered. 

  
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 (c) Each Applicant jointly and severally agrees that any Purchasing LC Participant so
purchasing a participation from a Selling Participant pursuant to this Section 11.7 may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off) with respect to such participation as
fully as if such Purchasing LC Participant were the direct creditor of such Applicant in the amount of such participation. 
 Section 11.8
Notices, Etc. 
 All notices, demands, requests and other communications provided for in this Agreement shall be given in writing,
or, if consented to by the Administrative Agent, by any telecommunication device capable of creating a written record (including electronic mail), and addressed to the party to be notified as follows: 

(a) if to the Parent or the Applicants: 

McDermott International, Inc. 

757 North Eldridge Parkway 

Houston, Texas 77079 

Attention: Treasurer 
 Email:
khargrove@mcdermott.com 
 with a copy to: 

McDermott International, Inc. 

757 North Eldridge Parkway 

Houston, Texas 77079 

Attention: Chief Legal Officer 

Email:
jfreeman@mcdermott.com¶ 

¶

 and (which shall
not constitute notice)¶ 

¶

Kirkland &
 Ellis LLP¶ 
 Attn: Lucas E. Spivey, P.C.¶ 

609 Main Street. Suite
4700¶ 

Houston, TX
77002¶ 

Tel: 713 836
3640¶ 

Email:
lucas.spivey@kirkland.com; 
 and 

Baker Botts L.L.P. 
 910
Louisiana Street 
 Houston, TX 77002 

Attention: Ted Paris, Esq. 

Telecopy No.:(713) 229-7738 

Email: ted.paris@bakerbotts.com 

  
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 (b) if to any Participant, at its Domestic Office; 

(c) if to the Issuer, (i) at its Domestic Office, if such Issuer is a Participant or (ii) otherwise, at the Domestic Office of any
Participant Affiliated therewith or, in each case at any other address set forth in a notice sent to the Administrative Agent and the Applicants; and 

(d) if to the Administrative Agent: 

Notices: 
 Barclays Bank PLC

 European Loans Agency 
 1
Churchill Place 
 London 

E14 5HP 
 United Kingdom 

Attn: Ashley Jay 
 Tel: +44
(0)20 7773 3935 
 Switchboard: +44 (0)20 7623 2323 

Facsimile: +44 (0)20 7773 4893 

Email: loans.agency@barclays.com 

For Ppayments: 

Barclays Bank PLC 
 Loan
Operations 
 1 Churchill Place 

London 
 E14 5HP 

United Kingdom 
 Attn: Agency
Services - McDermott International Inc. Sidecar LC Facility; Contact Name - Shankar Subbaiah 
 Tel: +44 203 5555 768 

Email: shankar.subbaiah@barclays.com 
 or at
such other address as shall be notified in writing (x) in the case of the Applicants and the Administrative Agent, to the other parties and (y) in the case of all other parties, to the Applicants and the Administrative Agent. All such
notices and communications shall be effective upon personal delivery (if delivered by hand, including any overnight courier service), when deposited in the mails (if sent by mail), or when properly transmitted (if sent by a telecommunications device
or through the Internet); provided, however, that notices and communications to the Administrative Agent pursuant to Article II or X shall not be effective until received by the Administrative Agent (unless otherwise
expressly provided hereunder); provided, further, that all notices and communications to the Administrative Agent that would otherwise become effective after 5:00 p.m. (London time) on any day shall be deemed not to become effective
until the immediately succeeding Business Day. 

  
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 Each Public-Side Participant agrees to cause at least one individual at or on behalf of such Public-Side
Participant to at all times have selected the “Private-Side Information” or similar designation on the content declaration screen of IntraLinks, Debtdomain, SyndTrak, Barclays Deal Vault or Donnelley Financial Solutions Venue in order to
enable such Public-Side Participant or its delegate, in accordance with such Public-Side Participant’s compliance procedures and applicable law, including United States federal and state securities laws, to make reference to information that is
not made available through the “Public-Side Information” portion of IntraLinks and that may contain MNPI. In the event that any Public-Side Participant has determined for itself to not access any information disclosed through IntraLinks,
Debtdomain, SyndTrak, Barclays Deal Vault, Donnelley Financial Solutions Venue or otherwise, such Public-Side Participant acknowledges that (x) other Participants may have availed themselves of such information and (y) neither any Credit
Party nor any Agent has any responsibility for such Public-Side Participant’s decision to limit the scope of the information it has obtained in connection with this Agreement and the other Credit Documents. 

Section 11.9 No Waiver; Remedies 

No failure on the part of any Participant, any Issuer, any Collateral Agent or the Administrative Agent to exercise, and no delay in
exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law. 
 Notwithstanding anything to the contrary contained herein or in any other Credit Document,
the authority to enforce rights and remedies hereunder and under the other Credit Documents against the Credit 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 and the Collateral Agent in accordance with Section 9.2 for the benefit of all the Secured Parties; provided, however, that the foregoing shall not prohibit
(a) the Administrative Agent or the Collateral Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent or Collateral Agent) hereunder and under the other Credit
Documents, (b) the Issuers from exercising the rights and remedies that inure to their respective benefit (solely in their capacity as Issuers) hereunder and under the other Credit Documents, (c) any Participant from exercising setoff
rights in accordance with Section 11.6 (subject to the terms of Section 11.7), or (d) any Participant from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding
relative to any Credit Party under any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent or Collateral Agent hereunder and under the other Credit Documents, then
(i) the Requisite Participants shall have the rights otherwise ascribed to the Administrative Agent or Collateral Agent pursuant to Section 9.2 and (ii) in addition to the matters set forth in clauses (b),
(c) and (d) above and subject to Section 11.7, any Participant may, with the consent of the Requisite Participants, enforce any rights and remedies available to it and as authorized by the Requisite Participants.

  
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 Section 11.10    Binding Effect 

This Agreement shall become effective when it shall have been executed by each of the parties hereto and when the Administrative Agent shall
have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto. 

Section 11.11    Governing Law 

This Agreement and the rights and obligations of the parties hereto (including the submission to jurisdiction in Section 11.12)
shall be governed by, and construed and interpreted in accordance with, the law of the State of New York, without regard to its conflicts of laws provisions. 

Section 11.12    Submission to Jurisdiction; Service of Process 

(a) Any legal action or proceeding with respect to this Agreement or any other Credit Document shall be brought in the courts of the State of
New York sitting in New York County or of the United States of America for the Southern District of New York, and, by execution and delivery of this Agreement, each Credit Party hereby accepts for itself and in respect of its property, generally and
unconditionally, the exclusive jurisdiction of the aforesaid courts, except that the Agents, Issuers or Participants may bring legal action or proceedings in other appropriate jurisdictions with respect to the enforcement of its rights with respect
to the Collateral. The parties hereto hereby irrevocably waive any objection, including any objection to the laying of venue or based on the grounds of forum non conveniens, that any of them may now or hereafter have to the bringing of any
such action or proceeding in such respective jurisdictions. 
 (b) The Parent and each Applicant irrevocably consents to the service of any
and all process in any such action or proceeding by the mailing (by registered or certified mail, postage prepaid) of copies of such process to J. Ray McDermott Holdings, LLC (at 757 North Eldridge Parkway, Houston, Texas 77079) or the Parent at its
address specified in Section 11.8. The Parent and each Applicant agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law. 
 (c) Nothing contained in this Section 11.12 shall affect the right of the Administrative Agent or any
Participant to serve process in any other manner permitted by law or commence legal proceedings or otherwise proceed against the Applicants or any other Credit Party in any other jurisdiction. 

(d) To the extent that either the Parent or an Applicant has or hereafter may acquire any immunity from jurisdiction of any court or from any
legal process (whether from service or notice, attachment prior to judgment, attachment in aid of execution of a judgment, execution or otherwise), such Person hereby irrevocably waives such immunity in respect of its obligations hereunder. 

  
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 Section 11.13    Waiver of Jury Trial 

EACH AGENT AND EACH OF THE
PARTICIPANTS, THE ISSUERS, THE PARENT AND EACH APPLICANT WAIVES TRIAL BY
JURY IN ANY ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR
ANY OTHER CREDIT DOCUMENT. 

Section 11.14    Marshaling; Payments Set Aside 

None of the Administrative Agent, the Collateral Agent, any Participant or any Issuer shall be under any obligation to marshal any assets in
favor of the Applicants or any other party or against or in payment of any or all of the Obligations. To the extent that any Applicant makes a payment or payments to the Administrative Agent, the Collateral Agent, the Participants or the Issuers or
any such Person receives payment from the proceeds of the Collateral or exercises its rights of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared to be
fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party, then to the extent of such recovery, the obligation or part thereof originally intended to be satisfied, and all Liens, right and remedies
therefor, shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred. 

Section 11.15    Section Titles 

The section titles contained in this Agreement are and shall be without substantive meaning or content of any kind whatsoever and are not a
part of the agreement between the parties hereto, except when used to reference such section. If a numbered reference to a clause, sub-clause or subsection hereof is immediately followed by a reference in parenthesis to the title of a section hereof
containing such clause, sub-clause or subsection, the reference is only to such clause, sub-clause or subsection and not to the section generally. If a numbered reference to a section hereof is immediately followed by a reference in parenthesis to a
section hereof, the title reference shall govern in case of direct conflict. 
 Section 11.16    Execution in
Counterparts 
 This Agreement may be executed in any number of counterparts and by different parties in separate counterparts, each
of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that
all signature pages are attached to the same document. Delivery of an executed signature page of this Agreement or any other Credit Document (unless originals are required by applicable Requirements of Law) by facsimile transmission or other
electronic imaging means shall be as effective as delivery of a manually executed counterpart hereof. 

  
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 Section 11.17    Entire Agreement 

This Agreement, together with all of the other Credit Documents and all certificates and documents delivered hereunder or thereunder, embodies
the entire agreement of the parties and supersedes all prior agreements and understandings relating to the subject matter hereof. A set of the copies of this Agreement signed by all parties shall be lodged with the Applicants and the Administrative
Agent. 
 Section 11.18    Confidentiality 

The Administrative Agent, each Participant and each Issuer agrees to maintain the confidentiality of the Information, except that Information
may be disclosed (i) to its Affiliates and to its and its Affiliates’ respective Related Parties, to any insurance broker, and to any provider of credit protection (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), (ii) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory
authority, such as the National Association of Insurance Commissioners), (iii) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (iv) to any other party hereto, (v) in connection
with the exercise of any remedies hereunder or under any other Credit Document or any action or proceeding relating to this Agreement or any other Credit Document or the enforcement of rights hereunder or thereunder, (vi) subject to an
agreement containing provisions substantially the same as those of this Section, to (A) any assignee of or Sub-Participant in, or any prospective assignee of or Sub-Participant in, any of its rights or obligations under this Agreement,
(B) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Applicants and its obligations or (C) any pledgee referred to in Section 11.2(f) or (g) (other than
a pledgee to which disclosure is permitted under clause (ii) above), (vii) with the consent of the Applicants or (viii) to the extent such Information (x) becomes publicly available other than as a result of a breach of
this Section 11.18 or (y) becomes available to the Administrative Agent, any Participant, any Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than the Parent and its Subsidiaries. Any
Person required to maintain the confidentiality of Information as provided in this Section 11.18 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. The Administrative Agent, each Participant and each Issuer acknowledges that (a) the Information may include MNPI concerning the Parent or its
Subsidiaries, as the case may be and (b) it has developed compliance procedures regarding the use of such MNPI. Notwithstanding the foregoing, the Administrative Agent, each Arranger and each Participant may disclose the existence of the LC
Facility and information about the LC Facility to market data collectors, similar services providers to the lending industry, and service provides to each of the foregoing in connection with the LC Facility and the other Credit Documents. 

  
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 Section 11.19    Judgment Currency 

(a) If, for the purposes of obtaining or enforcing any judgment or award in any court, or for making or filing a claim or proof, it is
necessary to convert a sum due hereunder in any currency (the “Original Currency”) into another currency (the “Other Currency”), the parties hereto agree, to the fullest extent permitted by law, that the rate of
exchange used shall be that at which, in accordance with normal banking procedures, the Administrative Agent could purchase the Original Currency with such Other Currency in New York, New York on the Business Day immediately preceding the day on which any such judgment, or any relevant part thereof,
is given. 
 (b) The obligations of the Parent or any Applicant in respect of any sum due from it to any Agent or Participant
hereunder shall, notwithstanding any judgment or award in such Other Currency, be discharged only to the extent that on the Business Day following receipt by such Agent or Participant of any sum adjudged to be so due in such Other Currency such
Agent or Participant may in accordance with normal banking procedures purchase the Original Currency with such Other Currency; if the Original Currency so purchased is less than the sum originally due such Agent or Participant in the Original
Currency, the Applicants jointly and severally agree, as a separate obligation and notwithstanding any such judgment, to indemnify such Agent or Participant against such loss, and if the Original Currency so purchased exceeds the sum originally due
to such Agent or Participant in the Original Currency, such Agent or Participant shall remit such excess to the Applicants. 

Section 11.20    Severability 

If any provision of this Agreement or the other Credit 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 Credit 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 11.20, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting
Participants shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent or any Issuer, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited. 

Section 11.21    Acknowledgement and Consent to Bail-In of EEA Financial Institutions 

Notwithstanding anything to the contrary in any Credit 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 Credit Document, to the extent such liability is unsecured, may be subject to the write-down and 

  
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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
Credit Document; or (iii) the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution Authority. 

Section 11.22    Interest Rate Limitation 

Notwithstanding anything to the contrary contained in any Credit Document, the interest paid or agreed to be paid under the Credit Documents
shall not exceed the maximum rate of non-usurious interest permitted by applicable Requirements of Law (the “Maximum Rate”). If the Administrative Agent or any Participant shall receive interest in an amount that exceeds the Maximum
Rate, the excess interest shall be applied to cash collateralize the Reimbursement Obligations, or if no such Reimbursement Obligations are outstanding, refunded to the Applicants. In determining whether the interest contracted for, charged, or
received by the Administrative Agent or a Participant exceeds the Maximum Rate, such Person may, in its sole discretion, 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. 
 Section 11.23    Obligations Joint and Several and Unconditional 

The obligations of each Applicant under this Agreement and each other Credit Document are joint and several and absolute and unconditional
irrespective of the value, genuineness, validity, regularity or enforceability of the obligations of any other Applicant under this Agreement or any other Credit Document (collectively, the “Other Applicant Obligations”), or any
substitution, release or exchange of any other guarantee of or security for any of the Other Applicant Obligations, and, to the fullest extent permitted by applicable Requirement of Law, irrespective of any other circumstance whatsoever which might
otherwise constitute a legal or equitable discharge or defense of a surety or guarantor (other than a defense of payment or performance hereunder or thereunder), it being the intent of this Section 11.23 and this Agreement that the
obligations of each Applicant under this Agreement shall be absolute and unconditional under any and all circumstances (other than to the extent already paid or performed hereunder or thereunder). Without limiting the generality of the foregoing, it
is agreed that the occurrence of any one or more of the following shall not affect the liability of any Applicant under this Agreement or any other agreement referred to herein: 

(a) at any time or from time to time, without notice to any Applicant, the time for any performance of or compliance with any of the Other
Applicant Obligations shall be extended, or such performance or compliance shall be waived; 

  
 -166- 

 (b) any of the acts mentioned in any of the provisions of this Agreement or any other
agreement or instrument referred to herein or therein shall be done or omitted; 
 (c) the maturity of any of the Other Applicant
Obligations shall be accelerated, or any of the Other Applicant Obligations shall be modified, supplemented or amended in any respect, or any right under this Agreement or any other Credit Document shall be waived or any other guarantee of any of
the Other Applicant Obligations or any security therefor shall be released or exchanged in whole or in part or otherwise dealt with; or 

(d) any lien or security interest granted to, or in favor of, the Administrative Agent, any Issuer or any Participant or Participants as
security for any of the Other Applicant Obligations shall fail to be perfected. ¶ 

Section 11.24
    Acknowledgment Regarding any Supported QFCs¶ 
 To the extent that the Credit Documents provide support, through a guarantee or otherwise, for secured hedge agreements or any other
agreement or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance
Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of
such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or
any other state of the United States):¶ 

(a) In the event a Covered
Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and
obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special
Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act
Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Credit Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against
such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the  

  
 -167- 

 
U.S. Special Resolution Regime if the Supported QFC and the Loan Documents
were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Participant shall in no event
affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.¶ 
 (b) As used in this Section 11.24, the following terms have the following meanings:¶ 

“BHC Act
Affiliate” means an “affiliate” as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k) of such party.¶ 

“Covered
 Entity” means any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and
interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
382.2(b).¶ 
 “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R.
§§ 252.81, 47.2 or 382.1, as applicable.¶ 
 “QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance
with, 12 U.S.C. 5390(c)(8)(D).¶ 
 ARTICLE XII 

GUARANTY 

Section 12.1 The Guaranty 

The Parent hereby guarantees to each Secured Party as hereinafter provided, as primary obligor and not as surety, the prompt payment of the
Obligations in full when due (whether at stated maturity, by acceleration, as a mandatory cash collateralization or otherwise) strictly in accordance with the terms thereof. The Parent hereby further agrees that if any of the Obligations are not
paid in full when due (whether at stated maturity, by acceleration, as a mandatory cash collateralization or otherwise), the Parent will promptly pay the same, without any demand or notice whatsoever, and that in the case of any extension of time of
payment or renewal of any of the Obligations, the same will be promptly paid in full when due (whether at stated maturity, by acceleration, as a mandatory cash collateralization or otherwise) in accordance with the terms thereof. 

Notwithstanding any provision to the contrary contained herein or in any other of the Credit Documents or the other documentation governing
the Obligations (such other documentation, the “Other Documents”), the obligations of the Parent under this Agreement and the other Credit Documents shall be limited to an aggregate amount equal to the largest amount that would not
render such obligations subject to avoidance under Debtor Relief Laws or any comparable provisions of any applicable state law. 

  
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 Section 12.2     Obligations Unconditional 

The obligations of the Parent under Section 12.1 are absolute and unconditional, irrespective of the value, genuineness, validity,
regularity or enforceability of any of the Credit Documents, the Other Documents or any other agreement or instrument referred to therein, or any substitution, release, impairment or exchange of any other guarantee of or security for any of the
Obligations, and, to the fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever which might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor (other than defense of payment
or satisfaction), it being the intent of this Section 12.2 that the obligations of the Parent hereunder shall be absolute and unconditional under any and all circumstances. The Parent agrees that it shall have no right of subrogation,
indemnity, reimbursement or contribution against either the Applicants or any other Credit Party for amounts paid under this Section 12.2 until the Final Satisfaction Date. Without limiting the generality of the foregoing, it is agreed
that, to the fullest extent permitted by law, the occurrence of any one or more of the following shall not alter or impair the liability of the Parent hereunder, which shall remain absolute and unconditional as described above: 

(a) at any time or from time to time, without notice to the Parent, the time for any performance of or compliance with any of the Obligations
shall be extended, or such performance or compliance shall be waived; 
 (b) [Reserved]; 

(c) the maturity of any of the Obligations shall be accelerated, or any of the Obligations shall be modified, supplemented or amended in any
respect, or any right under any of the Credit Documents, the Other Documents or any other agreement or instrument referred to therein shall be waived or any other guarantee of any of the Obligations or any security therefor shall be released,
impaired or exchanged in whole or in part or otherwise dealt with; 
 (d) any Lien granted to, or in favor of, any Secured Party as security
for any of the Obligations shall fail to attach or be perfected; or 
 (e) any of the Obligations shall be determined to be void or voidable
(including, without limitation, for the benefit of any creditor of the Parent) or shall be subordinated to the claims of any Person (including, without limitation, any creditor of the Parent). 

With respect to its obligations hereunder, the Parent hereby expressly waives diligence, presentment, demand of payment, protest and all notices whatsoever,
and any requirement that any Secured Party exhaust any right, power or remedy or proceed against any Person under any of the Credit Documents, the Other Documents or any other agreement or instrument referred to therein or against any other Person
under any other guarantee of, or security for, any of the Obligations. 

  
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 Section 12.3     Reinstatement 

The obligations of the Parent under this Article XII shall be automatically reinstated if and to the extent that for any reason any
payment by or on behalf of any Person in respect of the Obligations is rescinded or must be otherwise restored by any holder of any of the Obligations, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, and the
Parent agrees that it will indemnify in accordance with Section 11.4 each Indemnitee on demand for all documented and reasonable costs and expenses (including, without limitation, the documented and reasonable fees, charges and
disbursements of counsel) incurred by such Indemnitee in connection with such rescission or restoration, including any such costs and expenses incurred in defending against any claim alleging that such payment constituted a preference, fraudulent
transfer or similar payment under any bankruptcy, insolvency or similar law. 
 Section 12.4     Certain Additional
Waivers 
 The Parent further agrees that it shall have no right of recourse to security for the Obligations until the Final
Satisfaction Date. 
 Section 12.5     Remedies 

The Parent agrees that, to the fullest extent permitted by law, as between the Parent, on the one hand, and the Secured Parties, on the other
hand, the commitments hereunder may be terminated and the Obligations may be declared to be forthwith due and payable as provided in Section 9.2 (and shall be deemed to have become automatically due and payable in the circumstances
provided in said Section 9.2) for purposes of this Article XII notwithstanding any stay, injunction or other prohibition preventing such declaration (or preventing the commitments hereunder from being terminated and the
Obligations from becoming automatically due and payable) as against any other Person and that, in the event of such declaration (or such commitments being deemed to have been terminated and the Obligations being deemed to have become automatically
due and payable), the Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by the Parent for purposes of Section 12.1. The Parent acknowledges and agrees that its obligations hereunder
are secured in accordance with the terms hereof and of the Other Documents and that the Secured Parties may exercise their remedies thereunder in accordance with the terms thereof. 

Section 12.6     Guarantee of Payment; Continuing Guarantee 

The guarantee in this Article XII is a guaranty of payment and not of collection, is a continuing guarantee, and shall apply to all
Obligations whenever arising. 
 [Remainder of this page intentionally left blank] 

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

			
	 MCDERMOTT TECHNOLOGY (AMERICAS), INC.,

as Applicant

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	
	
	 MCDERMOTT TECHNOLOGY (US), INC.,
 as
Applicant

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	
	
	 MCDERMOTT TECHNOLOGY, B.V.,
 as
Applicant

 
			
	By:	 	  

 
			
	Name:	 	
	Title:	 	
	
	 MCDERMOTT INTERNATIONAL, INC.,
 as
Parent

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

 [Signature Page – Credit Agreement] 

 [Participant signature pages to come] 

[Signature Page – Credit Agreement] 

 EXHIBIT B 

[Attached] 

 ACT OF PARITY DEBTHOLDERS 

& ACT OF SECURED DEBTHOLDERS 
 Reference
is made to the Collateral Agency and Intercreditor Agreement dated as of May 10, 2018, by and among the McDermott Technology (Americas), Inc., a Delaware corporation, McDermott Technology (US), Inc., a Delaware corporation, and McDermott
Technology, B.V., a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands (collectively the
“Borrowers”), McDermott International, Inc., a Panamanian corporation (the “Parent”), the other Subsidiaries of the Parent party thereto from time to time, Crédit Agricole Corporate and Investment Bank, not
in its individual capacity but solely as collateral agent for the Secured Parties (in such capacity, together with its successors and assigns in such capacity, the “Collateral Agent”), Crédit Agricole Corporate and Investment
Bank, as administrative agent for the Revolving Facility (as defined in the Credit Agreement) and the LC Facility (as defined in the Credit Agreement), Barclays Bank PLC, as administrative agent for the Term Facility (as defined in the Credit
Agreement), Lloyds Bank Corporate Markets plc, as Secured Debt Representative for the Lloyds Facility, and the other financial institutions from time to time party thereto as Secured Debt Representatives for other Series of Secured Debt as
designated on Schedule 1 thereto in accordance with Section 2.06 therein (“Collateral Agency and Intercreditor Agreement”). Terms defined in the Collateral Agency and Intercreditor Agreement shall have the same
meaning herein unless otherwise defined herein. 
 As of the Amendment No. 1 Effective Date (as defined in the Credit Agreement), pursuant to
Section 4.02 of the Collateral Agency and Intercreditor Agreement, the undersigned Secured Debt Representatives, which constitute the Required Parity Debtholders, direct the Senior Collateral Agent pursuant to this Act of Parity
Debtholders & Act of Secured Debtholders to enter into, consummate the transactions contemplated by, and take all other action necessary in connection with the Intercreditor Agreement dated on or about the date hereof (“Senior
Intercreditor Agreement”), by and among the Collateral Agent, Crédit Agricole Corporate and Investment Bank as collateral agent for the First Priority Secured Parties (as defined therein), the Borrowers, and the Parent, among others,
and attached as Exhibit A. 
 As of the Amendment No. 1 Effective Date (as defined in the Credit Agreement), pursuant to Section 9.01 of the
Collateral Agency and Intercreditor Agreement, the undersigned Secured Debt Representatives, which constitute the Required Secured Debtholders, direct the Senior Collateral Agent pursuant to this Act of Parity Debtholders & Act of Secured
Debtholders to enter into, consummate the transactions contemplated by, and take all other action necessary in connection with all amendments, modifications, or amendments and restatements to the Security Documents necessary or desirable to reflect
the terms of the Senior Intercreditor Agreement. 
 With respect to Credit Agreement Debt, (i) Barclays Bank PLC, as Secured Debt Representative for
the Term Facility (as defined in the Credit Agreement) confirms by its signature hereto in such capacity that it is voting at the direction of the Requisite Term Lenders (as defined in the Credit Agreement), and (ii) Crédit Agricole
Corporate and Investment Bank, as Secured Debt Representative for the Liquidity Lenders (as defined in the Credit Agreement), confirms by its signature hereto in such capacity that it is voting at the direction of the Requisite Revolving Lenders and
Requisite LC Lenders (as such terms are defined in the Credit Agreement). Barclays Bank PLC, as Secured Debt Representative for the Term Issuer Obligations, confirms by its signature hereto in such capacity that is voting at the direction of the
holder(s) of a majority in aggregate principal amount of all Term Issuer Obligations. 

 This Act of Parity Debtholders & Act of Secured Debtholders may be executed in any number of
counterparts, each of which when executed will be an original, and all of which, when taken together, will constitute one Act of Parity Debtholders & Act of Secured Debtholders. Delivery of an executed counterpart of a signature page of
this Act of Parity Debtholders & Act of Secured Debtholders by facsimile transmission or electronic transmission (in “pdf” or “tif” format) will be effective as delivery of a manually executed counterpart hereof. 

[Remainder of page intentionally left blank] 

 Executed as of the Amendment No. 1 Effective Date (as defined in the Credit Agreement). 

CRÉDIT AGRICOLE 
 CORPORATE AND INVESTMENT BANK,

 as Secured Debt Representative for the Liquidity Lenders 

(as defined in the Credit Agreement) 
  

			
	 By:
	 	  

		 	 Name:

		 	 Title:

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 [Signature Page - Act of Parity Debtholders] 

 BARCLAYS BANK PLC, 

as Secured Debt Representative for the Term Facility 
 and the
Term Issuer Obligations (as such terms are defined in the Credit Agreement) 
  

			
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page - Act of Parity Debtholders] 

 BARCLAYS BANK PLC, 

as Secured Debt Representative for a Series of Secured Debt 
  

			
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page - Act of Parity Debtholders] 

			
	LLOYDS BANK CORPORATE MARKETS PLC,

			
	 as Secured Debt Representative for the Lloyds
Facility

  

			
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page - Act of Parity Debtholders] 

 EXHIBIT A 

Execution Version 
  

 
 INTERCREDITOR AGREEMENT 

dated as of 
 October 21,
2019 
 among 
 MCDERMOTT
INTERNATIONAL, INC., 
 as Parent, 

MCDERMOTT TECHNOLOGY (AMERICAS), INC. 

MCDERMOTT TECHNOLOGY (US), INC. 

and 
 MCDERMOTT TECHNOLOGY, B.V.,

 as the Borrowers, 
 certain
Subsidiaries of Parent party hereto from time to time, 
 CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, 

as First Priority Agent 
 and 

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, 

as Second Priority Agent 
  

 
 THIS IS THE “SENIOR INTERCREDITOR
AGREEMENT” REFERRED TO IN THE FIRST PRIORITY DEBT AGREEMENT REFERRED TO HEREIN, AND THE “SENIOR INTERCREDITOR AGREEMENT” REFERRED TO IN THE CREDIT AGREEMENT, DATED AS OF MAY 10, 2018, AMONG THE BORROWERS, THE PARENT, THE LENDERS
AND ISSUERS PARTY THERETO FROM TIME TO TIME, AS LENDERS, CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, AS THE REVOLVING AND LC ADMINISTRATIVE AGENT AND BARCLAYS BANK PLC, AS THE TERM LOAN ADMINISTRATIVE AGENT 

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	2	 
			
	             Section 1.1
	 	Certain Defined Terms	  	 	2	 
	             Section 1.2
	 	Other Defined Terms	  	 	2	 
	             Section 1.3
	 	Terms Generally	  	 	8	 
		
	 ARTICLE II LIEN PRIORITIES
	  	 	8	 
			
	             Section 2.1
	 	Relative Priorities	  	 	8	 
	             Section 2.2
	 	Prohibition on Contesting Liens	  	 	9	 
	             Section 2.3
	 	No New Liens	  	 	9	 
	             Section 2.4
	 	Similar Collateral	  	 	9	 
		
	 ARTICLE III ENFORCEMENT OF RIGHTS; MATTERS RELATING TO COLLATERAL
	  	 	10	 
			
	             Section 3.1
	 	Exercise of Rights and Remedies; Option to Purchase	  	 	10	 
	             Section 3.2
	 	No Interference	  	 	11	 
	             Section 3.3
	 	Rights as Unsecured Creditors	  	 	13	 
	             Section 3.4
	 	[Reserved]	  	 	14	 
	             Section 3.5
	 	Insurance and Condemnation Awards	  	 	14	 
	             Section 3.6
	 	Notification of Release of Collateral	  	 	14	 
		
	 ARTICLE IV PAYMENTS
	  	 	14	 
			
	             Section 4.1
	 	Application of Proceeds	  	 	14	 
	             Section 4.2
	 	Payment Over	  	 	15	 
	             Section 4.3
	 	Certain Agreements with Respect to Unenforceable Liens	  	 	15	 
	             Section 4.4
	 	Sub-Agent	  	 	16	 
		
	 ARTICLE V BAILMENT FOR PERFECTION OF CERTAIN SECURITY INTERESTS
	  	 	16	 
		
	 ARTICLE VI INSOLVENCY OR LIQUIDATION PROCEEDINGS
	  	 	19	 
			
	             Section 6.1
	 	Finance and Sale Matters	  	 	19	 
	             Section 6.2
	 	Relief from the Automatic Stay	  	 	21	 
	             Section 6.3
	 	Reorganization Securities	  	 	21	 
	             Section 6.4
	 	Post-Petition Interest	  	 	21	 
	             Section 6.5
	 	No Waivers of Rights of First Priority Secured Parties	  	 	22	 
	             Section 6.6
	 	Certain Waivers by the Second Priority Secured Parties	  	 	22	 
	             Section 6.7
	 	Certain Voting Matters	  	 	22	 
	             Section 6.8
	 	Involuntary Bankruptcy Filing	  	 	23	 

  
 i 

							
	 	 	 	  	Page	 
	             Section 6.9
	 	Separate Grants of Security and Separate Classification; Effectiveness in Insolvency or Liquidation Proceedings	  	 	23	 
		
	 ARTICLE VII OTHER AGREEMENTS
	  	 	24	 
			
	             Section 7.1
	 	Matters Relating to Debt Documents	  	 	24	 
	             Section 7.2
	 	Effect of Refinancing of Indebtedness under First Priority Debt Documents	  	 	24	 
	             Section 7.3
	 	No Waiver by First Priority Secured Parties	  	 	25	 
	             Section 7.4
	 	Reinstatement	  	 	25	 
	             Section 7.5
	 	Authorization of Collateral Agents	  	 	26	 
	             Section 7.6
	 	Further Assurances	  	 	26	 
		
	 ARTICLE VIII REPRESENTATIONS AND WARRANTIES
	  	 	26	 
			
	             Section 8.1
	 	Representations and Warranties of Each Party	  	 	26	 
	             Section 8.2
	 	Representations and Warranties of Each Collateral Agent	  	 	26	 
		
	 ARTICLE IX NO RELIANCE; NO LIABILITY; OBLIGATIONS ABSOLUTE
	  	 	27	 
			
	             Section 9.1
	 	No Reliance; Information	  	 	27	 
	             Section 9.2
	 	No Warranties or Liability	  	 	27	 
	             Section 9.3
	 	Obligations Absolute	  	 	28	 
	             Section 9.4
	 	No Impairment of Security Interests	  	 	29	 
		
	 ARTICLE X MISCELLANEOUS
	  	 	29	 
			
	             Section 10.1
	 	Notices	  	 	29	 
	             Section 10.2
	 	Conflicts	  	 	29	 
	             Section 10.3
	 	Effectiveness; Survival; Termination	  	 	30	 
	             Section 10.4
	 	Severability	  	 	30	 
	             Section 10.5
	 	Amendments; Waivers	  	 	30	 
	             Section 10.6
	 	Postponement of Subrogation	  	 	30	 
	             Section 10.7
	 	Applicable Law; Jurisdiction; Consent to Service of Process	  	 	31	 
	             Section 10.8
	 	Waiver of Jury Trial	  	 	31	 
	             Section 10.9
	 	Parties in Interest	  	 	32	 
	
            Section 10.10
	 	Specific Performance	  	 	32	 
	
            Section 10.11
	 	Headings	  	 	32	 
	
            Section 10.12
	 	Counterparts	  	 	32	 
	
            Section 10.13
	 	Provisions Solely to Define Relative Rights	  	 	32	 

  
 ii 

 INTERCREDITOR AGREEMENT dated as of October 21, 2019 (this
“Agreement”), among MCDERMOTT INTERNATIONAL, INC., a Panamanian corporation (the “Parent”), MCDERMOTT TECHNOLOGY (AMERICAS), INC., MCDERMOTT TECHNOLOGY (US), INC. and MCDERMOTT TECHNOLOGY, B.V.
(collectively, the “Borrowers”), the Subsidiaries of the Parent party hereto from time to time, CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as collateral agent for the First Priority Secured Parties (as defined below) (in
such capacity and together with any successor or assigns, the “First Priority Agent”), and CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as collateral agent for the Second Priority Secured Parties (as defined below) (in such
capacity and together with any successor or assigns, the “Second Priority Agent”). 
 PRELIMINARY STATEMENT

 Reference is made to (a) the Superpriority Senior Secured Credit Agreement dated as of October 21, 2019 among the First
Priority Agent, Parent, Borrowers, and the other financial institutions from time to time party thereto (as amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof, the “First Priority
Debt Agreement”), (b) the Collateral Agency and Intercreditor Agreement dated as of May 10, 2018 among the Grantors (as defined therein), the Second Priority Agent, Barclays Bank PLC, Lloyds Bank PLC, as a Secured Debt
Representative, and the other financial institutions from time to time party thereto as other Secured Debt Representatives (as amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof, the
“Second Priority Debt Agreement” and, together with the First Priority Debt Agreement, the “Debt Agreements”), (c) the First Lien Pledge and Security Agreement dated as of October 21, 2019 (as
amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof, the “First Priority Security Agreement”) among the Parent, the Borrowers, certain of the Parent’s subsidiaries
and the First Priority Agent, (d) the Pledge and Security Agreement dated as of May 10, 2018 (as amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof, the “Second Priority
Security Agreement”) among the Parent, the Borrowers, certain of the Parent’s subsidiaries and the Second Priority Agent, (e) the other Collateral Documents as defined, and referred to, in the First Priority Debt Agreement and
(f) the other Security Documents as defined, and referred to, in the Second Priority Debt Agreement. 
 RECITALS 

A.    The First Priority Creditors (such term and each other capitalized term used but not defined in the preliminary
statement or these recitals having the meaning given to it in Article I) have agreed to make loans, other extensions of credit or other credit accommodations to the Borrowers or such other Grantors subject to the First Priority Debt Agreement
on the condition, among others, that the First Priority Claims shall be secured by first priority Liens on, and security interests in, the Collateral. 

B.    The Second Priority Creditors have agreed to make loans and other extensions of credit to, or otherwise purchase and
hold certain notes issued by, one or more of the Borrowers from time to time pursuant to the Second Priority Debt Agreement on the condition, among others, that the Second Priority Claims shall be secured by second priority Liens on, and security
interests in, the Collateral. 

 C.    The Debt Agreements require, among other things, that the parties
thereto set forth in this Agreement, among other things, their respective rights, obligations and remedies with respect to the Collateral. 

Accordingly, the parties hereto agree as follows: 

ARTICLE I 
 DEFINITIONS

 Section 1.1    Certain Defined Terms. Capitalized terms used in this Agreement and not
otherwise defined herein shall, except to the extent the context otherwise requires, have the meanings set forth in the First Priority Debt Agreement (as in effect on the date hereof) or the First Priority Security Agreement (as in effect on the
date hereof), as applicable. 
 Section 1.2    Other Defined Terms. As used in the Agreement, the
following terms shall have the meanings specified below: 
 “Bankruptcy Code” shall mean Title 11 of the United
States Code entitled “Bankruptcy,” as now and hereinafter in effect, or any successor statute. 
 “Bankruptcy
Law” shall mean the Bankruptcy Code and any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law. 

“Collateral” shall mean the First Priority Collateral and the Second Priority Collateral. 

“Collateral Agents” shall mean the First Priority Agent and the Second Priority Agent. 

“Debt Agreements” shall have the meaning assigned to such term in the preliminary statement of this Agreement. 

“Debt Documents” shall mean the First Priority Debt Documents and the Second Priority Debt Documents. 

“DIP Financing” shall have the meaning assigned to such term in Section 6.1(a). 

“DIP Financing Liens” shall have the meaning assigned to such term in Section 6.1(a). 

“Discharge of First Priority Claims” shall mean, subject to Sections 7.2 and 7.4, the occurrence of all
of the following: 
 (a)    termination or expiration of all commitments to extend credit or make such other credit
accommodations that would constitute First Priority Claims; 
 (b)    payment in full in cash of the principal of and
interest and premium on all First Priority Claims (other than any undrawn Letters of Credit but including interest accruing during the pendency of any Insolvency or Liquidation Proceeding, and premium due as a result or or upon the commencement of
any Insolvency or Liquidation Proceeding, in each case, regardless of whether allowed or allowable in such Insolvency or Liquidation Proceeding); 

  
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 (c)    discharge or cash collateralization (at the lower of (i) 105% of
the aggregate undrawn amount and (ii) the percentage as may be agreed to by applicable issuer of such Letters of Credit) of all outstanding Letters of Credit constituting First Priority Claims on terms satisfactory to the applicable issuer of
such Letters of Credit; 
 (d)    payment of Hedging Obligations constituting First Priority Claims (and, with respect
to any particular Hedging Contract, termination of such position and agreements evidencing such position and payment in full in cash of all obligations thereunder or such other arrangements as have been made by the counterparty thereto and
communicated to the First Priority Agent); 
 (e)    payment of Treasury Management Obligations constituting First
Priority Claims (and, with respect to any particular Treasury Management Arrangement, termination of such agreement evidencing such payment in full in cash of all obligations thereunder or such other arrangements as have been made by the
counterparty thereto and communicated to the First Priority Agent; and 
 (f)    payment in full in cash of all other
First Priority Claims (other than contingent indemnification or expense reimbursement obligations as to which no claim has been made or notice given) that are outstanding and unpaid. 

“Disposition” shall mean any sale, lease, exchange, transfer or other disposition, and “Dispose”
shall have a correlative meaning. 
 “First Priority Agent” shall have the meaning assigned to such term in the
preamble to this Agreement. 
 “First Priority Claims” shall mean all “Obligations,” as defined in the
First Priority Debt Agreement, including any guarantees of the foregoing, in each case whether accrued or incurred before, upon or after the commencement of an Insolvency or Liquidation Proceeding, and whether or not allowed or allowable in such
proceeding. 
 “First Priority Collateral” shall mean all “Collateral,” as defined in the First Priority
Debt Agreement or any other First Priority Debt Document, other than the “Separate Collateral,” as defined in the Second Priority Debt Documents, and any other assets of any Grantor now or at any time hereafter subject to, or purported to
be subject to, Liens which secure, but only to the extent securing or purporting to secure, any First Priority Claim. 
 “First
Priority Creditors” means the Secured Parties (as defined in the First Priority Debt Agreement). 
 “First Priority
Debt Agreement” shall have the meaning assigned to such term in the preliminary statement of this Agreement. 

“First Priority Debt Documents” shall mean the “Loan Documents” as defined in the First Priority Debt
Agreement. 

  
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 “First Priority Liens” shall mean all Liens on the First Priority
Collateral to the extent such Liens secure or purport to secure the First Priority Claims, whether created under the First Priority Security Documents or acquired by possession, statute (including any judgment lien), operation of law, subrogation or
otherwise. 
 “First Priority Mortgages” shall mean, collectively, each mortgage, deed of trust, leasehold mortgage,
assignment of leases and rents, modifications and any other agreement, document or instrument pursuant to which a Lien on real property or vessels, as applicable, is granted by any Grantor to secure any First Priority Claims or under which rights or
remedies with respect to any such Lien are governed. 
 “First Priority Secured Parties” shall mean, at any time,
(a) the First Priority Creditors, (b) the First Priority Agent, (c) each other Person to whom any of the First Priority Claims is owed, and (d) the successors and assigns of each of the foregoing. 

“First Priority Security Agreement” shall have the meaning assigned to such term in the preliminary statement of this
Agreement. 
 “First Priority Security Documents” shall mean the First Priority Mortgages, the First Priority
Security Agreement and any other agreement, document or instrument pursuant to which a Lien is granted by any Grantor to secure any First Priority Claims or under which rights or remedies with respect to any such Lien are governed (including,
without limitation, the other “Collateral Documents” as defined in the First Priority Debt Agreement). 

“Grantors” shall mean the Parent and each Subsidiary that shall have created or purported to create any First Priority
Lien or Second Priority Lien on all or any part of its assets to secure any First Priority Claims or any Second Priority Claims. 

“Guarantors” shall mean, collectively, the Parent and each Subsidiary or other Person that shall have guaranteed any
First Priority Claims or any Second Priority Claims, whether by executing and delivering the applicable Debt Agreement, or a separate guaranty thereof, or a supplement thereto, or otherwise. 

“Hedging Obligations” of any Person shall mean any Hedging Contract (as defined in the First Priority Debt Agreement
and Second Priority Credit Agreement, as applicable) that is (i) in effect on the Effective Date (as defined in the First Priority Debt Agreement or Second Priority Credit Agreement, as applicable) with a counterparty that is an Administrative
Agent, a Liquidity Lender, Revolving Lender, Lender or any Affiliate (as each term is defined in the First Priority Debt Agreement or Second Priority Credit Agreement, as applicable) of any of the foregoing (including any Hedging Contract assigned
or transferred to a Revolving Lender, Lender or an Affiliate of a Revolving Lender or Lender, as applicable, (by novation or otherwise) prior to or as of the Effective Date) or (ii) entered into after the Effective Date with a counterparty that
was, at the time such Hedging Contract was entered into, an Administrative Agent, a Liquidity Lender, Revolving Lender, Lender or any Affiliate of any of the foregoing. 

“Indebtedness” shall mean and include all obligations that constitute (i) “Indebtedness” as defined in the
First Priority Debt Agreement and (ii) “Indebtedness” as defined in the Second Priority Credit Agreement. 

  
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 “Insolvency or Liquidation Proceeding” shall mean (a) any
voluntary or involuntary proceeding under the Bankruptcy Code or any other Bankruptcy Law with respect to any Grantor, (b) any voluntary or involuntary appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official
for any Grantor or for a substantial part of the property or assets of any Grantor, (c) any voluntary or involuntary winding-up or liquidation of any Grantor, or (d) a general assignment for the
benefit of creditors by any Grantor. 
 “Letters of Credit” means each “Letter of Credit” as defined in
the First Priority Debt Agreement. 
 “Lien” means any mortgage, deed of trust, pledge, hypothecation, collateral
assignment, charge, deposit arrangement, encumbrance, lien (statutory or other), security interest or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever intended to assure payment of any
Indebtedness or the performance of any other obligation, including any conditional sale or other title retention agreement, the interest of a lessor under a Capital Lease (as defined in the First Priority Debt Agreement or Second Priority Credit
Agreement, as applicable) and any financing lease having substantially the same economic effect as any of the foregoing. 

“Liquidation Sale” shall mean a so-called bulk sale, liquidation sale or
“going out of business sale” conducted either by any Secured Party or a Grantor in respect to all or a substantial portion of such Grantor’s Collateral following the occurrence and during the continuance of an Event of Default under,
and as defined in, either the First Priority Debt Documents or Second Priority Debt Documents. 
 “New First Priority
Agent” shall have the meaning assigned to such term in Section 7.2. 
 “New First Priority
Claims” shall have the meaning assigned to such term in Section 7.2. 
 “New First
Priority Debt Documents” shall have the meaning assigned to such term in Section 7.1. 

“Obligations” means any principal, interest, penalties, fees, indemnification, reimbursements, costs, expenses,
damages and other liabilities payable under the documentation governing any Indebtedness or other extension of credit or similar accommodation. 

“Parent” shall have the meaning assigned to such term in the preliminary statement to this Agreement. 

“Person” means any individual, corporation, partnership, limited liability company, joint venture, incorporated or
unincorporated association, joint-stock company, trust, mutual fund trust or government or other agency or political subdivision thereof or other legal entity of any kind. 

“Pledged or Controlled Collateral” shall have the meaning assigned to such term in Article V. 

“Refinance” shall mean, in respect of any Indebtedness, to refinance, extend, renew, restructure (including by the
amendment and restatement of any instrument or agreement 

  
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evidencing such Indebtedness) or replace or to issue other Indebtedness in exchange or replacement for, such Indebtedness, in whole or in part, whether with the same or different lenders,
holders, agents, or other representatives. 
 “Refinanced” and “Refinancing” shall have
correlative meanings. 
 “Refinancing Notice” shall have the meaning assigned to such term in
Section 7.2. 
 “Second Priority Agent” shall have the meaning assigned to such term in
the preliminary statement of this Agreement. 
 “Second Priority Claims” shall mean all “Parity Secured
Obligations” as defined in the Second Priority Debt Agreement (including all reimbursement obligations (if any) and interest thereon with respect to any “Liquidity Letters of Credit” as defined in the Second Priority Credit Agreement
or similar instruments issued pursuant to the Second Priority Debt Documents), including any guarantees of the foregoing, in each case whether accrued or incurred before or after the commencement of an Insolvency or Liquidation Proceeding, and
whether or not allowed or allowable in such proceeding. 
 “Second Priority Collateral” shall mean the “Shared
Collateral,” as defined in any Second Priority Debt Document, and any other assets of any Grantor now or at any time hereafter subject to, or purported to be subject to, Liens which secure, but only to the extent securing, or purporting to
secure, any Second Priority Claims. 
 “Second Priority Creditors” shall mean the “Secured Parties,” as
defined in the Second Priority Debt Agreement. 
 “Second Priority Credit Agreement” shall mean the Credit Agreement
referred to in the Second Priority Debt Agreement. 
 “Second Priority Debt Agreement” shall have the meaning
assigned to such term in the preliminary statement of this Agreement. 
 “Second Priority Debt Documents” shall mean
the “Secured Debt Documents,” as defined in the Second Priority Debt Agreement. 
 “Second Priority Liens”
shall mean all Liens on the Second Priority Collateral to the extent such Liens secure or purport to secure the Second Priority Claims, whether created under the Second Priority Security Documents or acquired by possession, statute (including any
judgment lien), operation of law, subrogation or otherwise. 
 “Second Priority Mortgages” shall mean, collectively,
each mortgage, deed of trust, leasehold mortgage, assignment of leases and rents, modifications and any other agreement, document or instrument pursuant to which any Lien on real property or vessels, as applicable, is granted by any Grantor to
secure any Second Priority Claims or under which rights or remedies with respect to any such Lien are governed. 

  
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 “Second Priority Permitted Actions” shall have the meaning assigned
to such term in Section 3.1(a). 
 “Second Priority Representative” shall mean the trustee, agent or
representative of the Second Priority Secured Parties who is designated as “Second Priority Representative” in respect thereof. 

“Second Priority Secured Parties” shall mean, at any time (other than in their capacity as a First Priority Creditor
or First Priority Agent) (a) the Second Priority Creditors, (b) the Second Priority Agent, (c) each other Person to whom any of the Second Priority Claims is owed and has agreed to the appointment of the Second Priority Agent under
the terms of the Second Priority Debt Agreement, and (d) the successors and assigns of each of the foregoing. 
 “Second
Priority Security Agreement” shall have the meaning assigned to such term in the preliminary statement of this Agreement. 

“Second Priority Security Documents” shall mean the “Security Documents,” as defined in the Second Priority
Debt Agreement, including the Second Priority Mortgages and the Second Priority Security Agreement, and any other agreement, document or instrument pursuant to which a Lien is granted by any Grantor to secure any Second Priority Claims or under
which rights or remedies with respect to any such Lien are governed. 
 “Secured Parties” shall mean, as the context
may require, the First Priority Secured Parties and/or the Second Priority Secured Parties. 
 “Security Documents”
shall mean the First Priority Security Documents and the Second Priority Security Documents. 
 “Standstill Period”
shall have the meaning assigned to such term in Section 3.2(a). 
 “Subsidiary” means,
with respect to any Person, 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 “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Parent. 

“Treasury Management Arrangement” means any arrangement for credit card, cash management, clearing house, wire
transfer, depository, treasury or investment services in connection with any transfer or disbursement of funds through an automated clearinghouse or on a same day or immediate or accelerated availability basis (including all monetary obligations,
including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise of the Parent or any of its Subsidiaries arising out of any cash management, clearing house, wire transfer, depository, treasury or
investment services) provided to the Parent or any of its Subsidiaries. The designation of any such arrangement as a Treasury Management Arrangement shall not create in favor of the counterparty that is a party thereto any rights in connection with
the management, enforcement or release of any Collateral. 

  
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 “Treasury Management Obligations” shall mean all Obligations in
respect of Treasury Management Arrangements. 
 “Uniform Commercial Code” or “UCC” shall
mean the Uniform Commercial Code (or any similar or equivalent legislation) as in effect from time to time in any applicable jurisdiction. 

Section 1.3    Terms Generally. The definitions of terms herein shall apply equally to the singular and
plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to
be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference
to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, restated, supplemented or otherwise modified, (b) any reference herein
(i) to any Person shall be construed to include such Person’s successors and assigns and (ii) to any Company or any other Grantor shall be construed to include such Company or such Grantor as debtor and
debtor-in-possession and any receiver or trustee for such Company or any other Grantor, as the case may be, in any Insolvency or Liquidation Proceeding or Liquidation
Sale, (c) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references
herein to Articles or Sections shall be construed to refer to Articles or Sections of this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all
tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 
 ARTICLE II 

LIEN PRIORITIES 

Section 2.1    Relative Priorities. Notwithstanding the date, manner or order of grant, attachment or
perfection of any Second Priority Lien or any First Priority Lien, and notwithstanding any provision of the UCC or any other applicable law or the provisions of any Security Document or any other Debt Document or any other circumstance whatsoever,
each Collateral Agent, for itself and on behalf of the Secured Parties on whose behalf it acts in such capacity therefor, hereby agrees that, so long as the Discharge of First Priority Claims has not occurred, (i) any First Priority Lien on any
Collateral now or hereafter held by or for the benefit of any First Priority Secured Party shall be senior in right, priority, operation, effect and all other respects to any and all Second Priority Liens on any Collateral, and (ii) any Second
Priority Lien on any Collateral now or hereafter held by or for the benefit of any Second Priority Secured Party shall be junior and subordinate in right, priority, operation, effect and all other respects to any and all First Priority Liens on any
Collateral, and the First Priority Liens on any Collateral shall be and remain senior in right, priority, operation, effect and all other respects to any Second Priority Liens on any Collateral for all purposes, whether or not any First Priority
Lien is subordinated in any respect to any other Lien securing any other Obligation of any Company, any other Grantor or any other Person. 

  
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 Section 2.2    Prohibition on Contesting Liens. Each
Collateral Agent, for itself and on behalf of the other Secured Parties on whose behalf it acts in such capacity therefor, agrees that it will not, and hereby waives any right to, contest or support any other Person in contesting, in any proceeding
(including any Insolvency or Liquidation Proceeding), the priority, validity or enforceability of any Second Priority Lien or any First Priority Lien, as the case may be; provided that nothing in this Agreement shall be construed to prevent
or impair the rights of any Collateral Agent or any other Secured Party to enforce this Agreement to the extent provided hereby. 

Section 2.3    No New Liens. (a) The parties hereto agree that, so long as the Discharge of First
Priority Claims has not occurred, none of the Grantors shall, nor shall any Grantor permit any of its Subsidiaries to, after the date of this Agreement (i) grant or permit any additional Liens on any asset of a Grantor to secure any Second
Priority Claim unless it has granted, or concurrently therewith grants, a Lien on such asset of such Grantor to secure the First Priority Claims or (ii) grant or permit any additional Liens on any asset of a Grantor to secure any First Priority
Claims unless, to the extent permitted by applicable law, it has granted, or within one Business Day thereafter grants, a Lien on such asset of a Grantor to secure the Second Priority Claims, with each such Lien to be subject to the provisions of
this Agreement. 
 (b)    To the extent that the provisions of the immediately preceding sentence are not complied with
for any reason, without limiting any other right or remedy available to the First Priority Agent or the other First Priority Secured Parties, the Second Priority Agent agrees, for itself and on behalf of the other Second Priority Secured Parties,
that any amounts received by or distributed to any Second Priority Secured Party pursuant to or as a result of any Lien granted in contravention of this Section 2.3 shall be subject to Section 4.2.

 (c)    Notwithstanding anything to the contrary contained in this Agreement, (i) the Second Priority Liens
existing on the date of this Agreement on Collateral as to which there is no First Priority Lien required shall be deemed not to violate this Section 2.3; (ii) deposit accounts, securities accounts, cash, cash equivalents and other investments
may be pledged to secure reimbursement obligations in respect of Letters of Credit or Liquidity Letters of Credit (as defined in the Second Priority Credit Agreement) without granting a Lien thereon to secure any Second Priority Claim or First
Priority Claim, respectively; and (iii) deposit accounts, securities accounts, cash, cash equivalents and other investments may be pledged to secure reimbursement obligations in respect of letters of credit issued under the Lloyds Facility.

 Section 2.4    Similar Collateral. Subject to Section 2.3(b) and except
for the Second Priority Liens existing on the date of this Agreement on Collateral as to which there is no First Priority Lien required, the parties hereto acknowledge and agree that it is their intention that the First Priority Collateral and the
Second Priority Collateral be substantially identical. In furtherance of the foregoing, (i) the Second Priority Agent, on behalf of itself and the other Second Priority Secured Parties hereby agrees that Second Priority Security Documents shall
be in substantially the same form as the First Priority Security Documents (other than with respect to the priority of the respective Liens on the Collateral, the control of Collateral that is perfected by control (to the extent that such control
cannot be granted to the Second Priority Agent after using commercially reasonably efforts) and the delivery of possessory Collateral), and (ii) the parties hereto agree to cooperate in good faith in order to determine, upon any reasonable
request by the First Priority Agent or the Second Priority Agent, the specific assets included in the First Priority Collateral and 

  
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the Second Priority Collateral, the steps taken to perfect the First Priority Liens and the Second Priority Liens thereon and the identity of the respective parties obligated under the First
Priority Debt Documents and the Second Priority Debt Documents in respect of the First Priority Claims and the Second Priority Claims, respectively. 

ARTICLE III 
 ENFORCEMENT
OF RIGHTS; MATTERS RELATING TO COLLATERAL 
 Section 3.1    Exercise of Rights and Remedies; Option to
Purchase. 
 (a)    The First Priority Agent and the other First Priority Secured Parties shall, at all times
prior to the Discharge of First Priority Claims (whether or not any Insolvency or Liquidation Proceeding or Liquidation Sale has been commenced), have the exclusive right to enforce rights and exercise remedies (including any right of setoff) with
respect to the First Priority Collateral (including making determinations regarding the release, Disposition or restrictions with respect to the First Priority Collateral), or to commence or seek to commence any action or proceeding with respect to
such rights or remedies (including commencing or seeking to commence any foreclosure action or proceeding or commencing or seeking to commence any Insolvency or Liquidation Proceeding or Liquidation Sale), in each case, without any consultation with
or the consent of the Second Priority Agent or any other Second Priority Secured Party; provided that, notwithstanding the foregoing, (i) in any Insolvency or Liquidation Proceeding, the Second Priority Secured Parties may file a proof
of claim or statement of interest with respect to the Second Priority Claims; (ii) any Second Priority Secured Party may take any action to preserve or protect (but not enforce) the validity and enforceability of the Second Priority Liens,
provided that no such action is (A) adverse to the First Priority Liens or the rights of the First Priority Agent or any other First Priority Secured Party to exercise remedies in respect thereof or (B) inconsistent with the terms
of this Agreement; (iii) the Second Priority Secured Parties may file any responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleading made by any Person objecting to or otherwise seeking the
disallowance of the claims of the Second Priority Secured Parties, including any claims secured by the First Priority Collateral or otherwise make any agreements or file any motions pertaining to the Second Priority Claims, in each case, to the
extent not inconsistent with the terms of this Agreement; (iv) the Second Priority Secured Parties may exercise rights and remedies as unsecured creditors, as provided in Section 3.3; (v) subject to
Section 7.6, the Second Priority Secured Parties may vote on any plan of reorganization in any Insolvency or Liquidation Proceeding; (vi) the Second Priority Agent may enforce any Second Priority Security Document the
enforcement of which local counsel recommends or local applicable law requires before enforcement of the First Priority Security Document in the same jurisdiction to maintain or recognize the Lien priorities set forth in this Agreement; and
(vii) subject to Section 3.2, the Second Priority Agent and the other Second Priority Secured Parties may enforce any of their rights and exercise any of their remedies with respect to the First Priority Collateral
after the termination of the Standstill Period (the actions described in this proviso being referred to herein as the “Second Priority Permitted Actions”). Except for the Second Priority Permitted Actions, unless and until
the Discharge of First Priority Claims has occurred, the sole right of the Second Priority Agent and the other Second Priority Secured Parties with respect to the First Priority Collateral shall be the right to receive the proceeds of the First
Priority Collateral, if any, remaining after the Discharge of First Priority Claims has occurred and in accordance with the Second Priority Debt Documents and applicable law. 

  
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 (b)    In exercising rights and remedies with respect to the First
Priority Collateral, the First Priority Agent and the other First Priority Secured Parties may enforce the provisions of the First Priority Debt Documents and exercise remedies thereunder, all in such order and in such manner as they may determine
in their sole discretion. Such exercise and enforcement shall include the rights of an agent appointed by them to Dispose of Collateral upon foreclosure, to incur expenses in connection with any such Disposition and to exercise all the rights and
remedies of a secured creditor under applicable law. 
 (c)    The Second Priority Agent, for itself and on behalf of
the other Second Priority Secured Parties, hereby acknowledges and agrees that no covenant, agreement or restriction contained in any Second Priority Security Document or any other Second Priority Debt Document (other than, in each case, this
Agreement) shall be deemed to restrict in any way the rights and remedies of the First Priority Agent or the other First Priority Secured Parties with respect to the First Priority Collateral as set forth in this Agreement and the other First
Priority Debt Documents. 
 (d)    Each of the First Priority Agent and the Second Priority Agent agrees to provide at
least ten (10) Business Days’ prior written notice to the other of its intention to foreclose upon or Dispose of any Collateral. 

Section 3.2    No Interference. The Second Priority Agent, for itself and on behalf of the other Second
Priority Secured Parties, agrees that, whether or not any Insolvency or Liquidation Proceeding or Liquidation Sale has been commenced, the Second Priority Secured Parties: 

(a)    except for Second Priority Permitted Actions, will not, so long as the Discharge of First Priority Claims has not
occurred, (A) enforce or exercise, or seek to enforce or exercise, any rights or remedies (including any right of setoff) with respect to any First Priority Collateral (including the enforcement of any right under any account control agreement,
landlord waiver or bailee’s letter or any similar agreement or arrangement to which the Second Priority Agent or any other Second Priority Secured Party is a party) or (B) commence or join with any Person (other than the First Priority
Agent with the consent of the First Priority Agent) in commencing, or petition for or vote in favor of any resolution for, any action or proceeding with respect to such rights or remedies (including any foreclosure action); provided, however,
that the Second Priority Agent may enforce or exercise any or all such rights and remedies, or commence, join with any Person in commencing, or petition for or vote in favor of any resolution for, any such action or proceeding, after a period of 180
days has elapsed (which period shall be tolled during any period in which the First Priority Agent shall not be entitled to enforce or exercise any rights or remedies with respect to any First Priority Collateral as a result of (x) any
injunction issued by a court of competent jurisdiction or (y) the automatic stay or any other stay in any Insolvency or Liquidation Proceeding) since the date on which the Second Priority Agent has delivered to the First Priority Agent written
notice of the acceleration of the Indebtedness then outstanding under the Second Priority Debt Agreement (the “Standstill Period”); provided further, however, that (1) notwithstanding the expiration of the
Standstill Period or anything herein to the contrary, in no event shall the Second Priority Agent or any other Second Priority Secured Party enforce or exercise any rights or remedies with respect to any First Priority Collateral, or commence, join
with any Person at any time in commencing, or petition for or vote in favor of any resolution for, any such action or proceeding, if the First Priority Agent or any other First Priority Secured Party

  
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shall have commenced, and shall be diligently pursuing (or shall have sought or requested relief from or modification of the automatic stay or any other stay in any Insolvency or Liquidation
Proceeding to enable the commencement and pursuit thereof), the enforcement or exercise of any rights or remedies with respect to any material portion of the First Priority Collateral or any such action or proceeding (prompt written notice thereof
to be given to the Second Priority Agent by the First Priority Agent) and (2) after the expiration of the Standstill Period, so long as neither the First Priority Agent nor any of the First Priority Secured Parties have commenced any action to
enforce their Lien on any material portion of the First Priority Collateral, in the event that and for so long as the Second Priority Secured Parties (or the Second Priority Agent on their behalf) have commenced any actions to enforce their Liens
with respect to any material portion of the First Priority Collateral to the extent permitted hereunder (prompt written notice thereof to be given to the First Priority Agent by the Second Priority Agent) and are diligently pursuing such actions,
neither the First Priority Secured Parties nor the First Priority Agent shall take any action of a similar nature with respect to such First Priority Collateral; provided that all other provisions of this Agreement (including the turnover
provisions of Article IV) are complied with; 
 (b)    will not contest, protest or object to any foreclosure
action or proceeding brought by the First Priority Agent or any other First Priority Secured Party, or any other enforcement or exercise by any First Priority Secured Party of any rights or remedies relating to the Collateral under the First
Priority Debt Documents or an Insolvency or Liquidation Proceeding or in connection with a Liquidation Sale or otherwise, so long as Second Priority Liens attach to the proceeds thereof subject to the relative priorities set forth in
Section 2.1; 
 (c)    will not object to the forbearance by the First Priority Agent or any
other First Priority Secured Party from commencing or pursuing any foreclosure action or proceeding or any other enforcement or exercise of any rights or remedies with respect to the Collateral; 

(d)    will not take, or cause to be taken any action that would, or could reasonably be expected to, restrain, hinder,
limit, delay or otherwise interfere with, in any manner and whether by judicial proceedings or otherwise, any exercise of remedies under the First Priority Debt Documents, including any Disposition of any Collateral, whether by foreclosure or
otherwise; 
 (e)    will not object to the manner in which the First Priority Agent or any other First Priority Secured
Party may seek to enforce or collect the First Priority Claims or the First Priority Liens, regardless of whether any action or failure to act by or on behalf of the First Priority Agent or any other First Priority Secured Party is, or could be,
adverse to the interests of the Second Priority Secured Parties, and will not assert, and hereby waive, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or claim the benefit of any marshalling,
appraisal, valuation or other similar right that may be available under applicable law with respect to the Collateral or any similar rights a junior secured creditor may have under applicable law; 

(f)    will not attempt, directly or indirectly, whether by judicial proceeding or otherwise, to challenge or question the
validity or enforceability of any First Priority Claim or any First Priority Security Document, including this Agreement, or the validity or enforceability of the priorities, rights or obligations established by this Agreement; 

  
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 (g)    will not take or cause to be taken any action the purpose or
effect of which is, or could be, to make any Lien securing the Second Priority Claims pari passu with, or to give such Second Priority Secured Party any preference or priority relative to, any First Priority Claim with respect to the
Collateral or any part thereof; 
 (h)    will not challenge or question in any proceeding the validity or
enforceability of any First Priority Claim or First Priority Debt Document, or the validity, attachment, perfection or priority of any First Priority Lien, or the validity or enforceability of the priorities, rights or duties established by the
provisions of this Agreement; 
 (i)    will have no right to (A) direct the First Priority Agent or any other
First Priority Secured Party to exercise any right, remedy or power with respect to any Collateral except with respect to First Priority Collateral that is in the possession or under the control of the First Priority Agent or other First Priority
Secured Party in connection with any permitted enforcement or exercise of rights or remedies by the Second Priority Agent or any other Second Priority Secured Party against the First Priority Collateral after the end of the Standstill Period
(including any tolling thereof) or (B) consent to the exercise by the First Priority Agent or any other First Priority Secured Party of any right, remedy or power with respect to any First Priority Collateral; and 

(j)    will not institute any suit or assert in any suit or Insolvency or Liquidation Proceeding any claim against the
First Priority Agent or any other First Priority Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise with respect to, and neither the First Priority Agent nor any other First Priority Secured
Party shall be liable for, any action taken or omitted to be taken by the First Priority Agent or other First Priority Secured Party with respect to any Collateral in a manner consistent with this Agreement. 

Section 3.3    Rights as Unsecured Creditors. The Second Priority Agent and the other Second Priority
Secured Parties may, in accordance with the terms of the Second Priority Debt Documents and applicable law, enforce rights and exercise remedies against any Grantor as unsecured creditors; provided that (i) no such action is otherwise
inconsistent with the terms of this Agreement, including Section 3.2 hereof or (ii) the Second Priority Agent and any other Second Priority Secured Parties would not otherwise be restricted or prohibited from taking such action in their
respective capacities as Second Priority Secured Parties under this Agreement. Without limiting the generality of the foregoing sentence, the Second Priority Secured Parties shall be entitled to prosecute litigation against any Grantor or any other
Person liable in respect of the Second Priority Claims, notwithstanding whether any Standstill Period is then in effect, but shall be prohibited from taking any action to enforce any judgment against the First Priority Collateral until the lapse of
any applicable Standstill Period (including any tolling thereof). Nothing in this Agreement shall prohibit the receipt by the Second Priority Agent or any other Second Priority Secured Party of the required payments of principal, premium, interest,
fees and other amounts due under the Second Priority Debt Documents so long as such receipt is not the direct or indirect result of the enforcement or exercise by the Second Priority Agent or any other Second Priority Secured Party of rights or
remedies in contravention of this Agreement (including any right of setoff) against Collateral or enforcement in contravention of this Agreement of any Second Priority Lien against Collateral (including any judgment lien resulting from the exercise
of remedies available to an unsecured creditor; it being understood and agreed that any such judgment lien shall be subject to the terms of this Agreement). 

  
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 Section 3.4    [Reserved]. 

Section 3.5    Insurance and Condemnation Awards. So long as the Discharge of First Priority Claims has
not occurred, the First Priority Agent and the other First Priority Secured Parties shall have the exclusive right, subject to the rights of the Grantors under the First Priority Debt Documents, to settle and adjust claims in respect of Collateral
under policies of insurance covering Collateral and to approve any award granted in any condemnation or similar proceeding, or any deed in lieu of condemnation, in respect of the Collateral. All proceeds of any such policy and any such award, or any
payments with respect to a deed in lieu of condemnation, shall (a) first, prior to the Discharge of First Priority Claims and subject to the rights of the Grantors under the First Priority Debt Documents, be paid to the First Priority Agent for
the benefit of First Priority Secured Parties pursuant to the terms of the First Priority Debt Documents, (b) second, after the Discharge of First Priority Claims and subject to the rights of the Grantors under the Second Priority Debt
Documents, be paid to the Second Priority Agent for the benefit of the Second Priority Secured Parties for application pursuant to the terms of the Second Priority Debt Documents, and (c) third, be paid to the owner of the subject property or
as a court of competent jurisdiction may otherwise direct. Until the Discharge of First Priority Claims has occurred, if the Second Priority Agent or any other Second Priority Secured Party shall, at any time, receive any proceeds of any such
insurance policy or any such award or payment, it shall transfer and pay over such proceeds to the First Priority Agent in accordance with Section 4.2. 

Section 3.6    Notification of Release of Collateral. Each of the First Priority Agent and the Second
Priority Agent shall use commercially reasonable efforts to give the other prompt written notice of the Disposition or Release by it of the Lien on any Collateral. Such notice shall describe in reasonable detail the subject Collateral, the parties
involved in such Disposition or Release, the place, time manner and method thereof, and the consideration, if any, received therefor; provided, however, that the failure to give any such notice shall not in and of itself in any way impair the
effectiveness of any such Disposition or Release. 
 ARTICLE IV 

PAYMENTS 

Section 4.1    Application of Proceeds. (a) Any First Priority Collateral or proceeds thereof
received by any Secured Party in connection with any Disposition of, or collection on, such Collateral upon the enforcement or exercise of any right or remedy (including any right of setoff or the release of liens in respect of any Disposition of
First Priority Collateral) will be applied as follows: 
 first, to the payment of costs and expenses of the First Priority Agent,
Second Priority Agent, and other Secured Parties in connection with such enforcement or exercise to the extent such enforcement or exercise is not prohibited under this Agreement, 

second, after all such costs and expenses have been paid in full in cash, to the payment in full in cash of and other provision
(including cash collateralization) for the First Priority Claims in accordance with the First Priority Debt Documents and the definition of Discharge of First Priority Obligations; and 

  
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 third, after all such costs and expenses and First Priority Claims have been paid in
full in cash and the Discharge of First Priority Claims has occurred, to the Second Priority Agent for distribution in accordance with the Second Priority Debt Documents. 

(b)    Any Second Priority Collateral that is not First Priority Collateral or proceeds thereof received by any Secured
Party in connection with any Disposition of, or collection on, such Collateral upon the enforcement or exercise of any right or remedy (including any right of setoff or the release of liens in respect of any Disposition of First Priority Collateral)
will be applied as set forth in the Second Priority Debt Documents. 
 Section 4.2    Payment Over.
So long as the Discharge of First Priority Claims has not occurred, any First Priority Collateral or any proceeds thereof (and any assets or proceeds subject to Liens referred to in Section 2.3(b)) received by the Second
Priority Agent or any other Second Priority Secured Party, including in connection with any Disposition of, or collection on, such Collateral upon the enforcement or the exercise of any right or remedy (including any right of setoff) with respect to
the First Priority Collateral, or in connection with any insurance policy claim or any condemnation award (or deed in lieu of condemnation) with respect to the First Priority Collateral, shall be segregated and held in trust and forthwith
transferred or paid over to the First Priority Agent for the benefit of the First Priority Secured Parties in the same form as received, together with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct. Until
the Discharge of First Priority Claims occurs, the Second Priority Agent, for itself and on behalf of each other Second Priority Secured Party, hereby appoints the First Priority Agent, and any officer or agent of the First Priority Agent, with full
power of substitution, the attorney-in-fact of each Second Priority Secured Party for the purpose of carrying out the provisions of this
Section 4.2 and taking any action and executing any instrument that the First Priority Agent may deem necessary or advisable to accomplish the purposes of this Section 4.2, which appointment is
irrevocable and coupled with an interest. 
 Section 4.3    Certain Agreements with Respect to Unenforceable
Liens. Notwithstanding anything to the contrary contained herein, if in any Insolvency or Liquidation Proceeding a determination is made that any Lien encumbering any First Priority Collateral is not enforceable for any reason, then the
Second Priority Agent for itself and on behalf of each other Second Priority Secured Party agrees that, any distribution or recovery they may receive with respect to, or allocable to, the value of the assets constituting First Priority Collateral
subject to an enforceable Lien in favor of the Second Priority Secured Parties or any proceeds thereof shall (for so long as the Discharge of First Priority Claims has not occurred) be segregated and held in trust and forthwith paid over to the
First Priority Agent for the benefit of the First Priority Secured Parties in the same form as received but with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. Until the Discharge of First Priority Claims
occurs, the Second Priority Agent, for itself and on behalf of each other Second Priority Secured Party, hereby appoints the First Priority Agent, and any officer or agent of the First Priority Agent, with full power of substitution, the attorney-in-fact of each Second Priority Secured Party for the limited purpose of carrying out the provisions of this Section 4.2 and taking any
action and executing any instrument that the First Priority Agent may deem necessary or advisable to accomplish the purposes of this Section 4.2, which appointment is irrevocable and coupled with an interest. 

  
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Section 4.4    Sub-Agent. So long as the
Discharge of the First Priority Claims and the Discharge of the Second Priority Claims have not occurred, (a) the Second Priority Agent hereby appoints the First Priority Agent to be its sub-agent for,
and the First Priority Agent shall act as sub-agent for the Second Priority Agent under any Security Documents naming the First Priority Agent as sub-agent for the
Second Priority Agent to hold a Second Priority Lien on any Collateral in which this Agreement or any applicable law prevents the grant or perfection of such Second Priority Lien to the Second Priority Agent and (b) the First Priority Agent
hereby appoints the Second Priority Agent to be its sub-agent, and the Second Priority Agent shall act as sub-agent for the First Priority Agent for the First Priority
Agent, for any enforcement of a Second Priority Security Document for which local counsel recommends or local applicable law requires before enforcement of the First Priority Security Documents in the same jurisdiction to maintain or recognize the
Lien priorities set forth in this Agreement. Without limiting the foregoing, the First Priority Agent shall have no obligation or responsibility to ensure that any Collateral subject to the Second Priority Lien is genuine or owned by any of the
Grantors. The First Priority Agent acting pursuant to this Section 4.4 shall not, by reason of this Agreement, any other Security Document or any other document, have a fiduciary relationship in respect of the Second
Priority Agent or any other Second Priority Secured Party. 
 ARTICLE V 

BAILMENT FOR PERFECTION OF CERTAIN SECURITY INTERESTS 

(a)    The parties agree that if the First Priority Agent shall at any time hold a First Priority Lien on any Collateral
that can be perfected or the priority of which can be enhanced by the possession or control of such Collateral or of any account in which such Collateral is held (such Collateral being referred to herein as the “Pledged or Controlled
Collateral”) or if under applicable local law with respect to Collateral as to which perfection is governed by the laws of a jurisdiction outside the United States the concept of first and second liens or junior and senior liens is not
recognized (“Single Lien Foreign Collateral”), and 
 (i)    if any such Pledged
or Controlled Collateral is in fact in the possession or under the control of the First Priority Agent, or of agents or bailees of the First Priority Agent, the First Priority Agent shall, solely for the purpose of perfecting the Second Priority
Liens granted under the Second Priority Debt Documents and subject to the terms and conditions of this Article V, also (w) hold and/or maintain control of such Pledged or Controlled Collateral and Single Lien Foreign Collateral as
gratuitous bailee for and representative (as defined in Section 1-201(35) of the Uniform Commercial Code as in effect in the State of New York) of the Second Priority Agent, (x) with respect to any
securities accounts included in the Collateral, have “control” (within the meaning of Section 8-106(d)(3) of the UCC) of such securities accounts on behalf of the Second Priority Agent,(y) with
respect to any deposit accounts included in the Collateral, act as agent for the Second Priority Agent and (z) with respect to Single Lien Foreign Collateral, act as agent for the Second Priority Agent or Second Priority Secured Parties (as the
circumstances may require to maximize the benefit of the Lien on the Collateral for the benefit of the Second Priority Secured Parties without detriment to the interests of the First Priority Secured Parties); and 

  
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 (ii)    if any such Pledged or Controlled Collateral is
in the possession or under the control of the Second Priority Agent, or of agents or bailees of the Second Priority Agent, the Second Priority Agent shall, solely for the purpose of perfecting the First Priority Liens granted under the First
Priority Debt Documents and subject to the terms and conditions of this Article V, also (x) hold and/or maintain control of such Pledged or Controlled Collateral as gratuitous bailee for and representative (as defined in Section 1-201(35) of the Uniform Commercial Code as in effect in the State of New York) of the First Priority Agent, (y) with respect to any securities accounts included in the Collateral, have
“control” (within the meaning of Section 8-106(d)(3) of the UCC) of such securities accounts on behalf of the First Priority Agent and (z) with respect to any deposit accounts included in
the Collateral, act as agent for the First Priority Agent. 
 (b)    So long as the Discharge of First Priority Claims
has not occurred, the First Priority Agent shall be entitled to deal with the Pledged or Controlled Collateral and Single Lien Foreign Collateral in accordance with the terms of this Agreement and the other First Priority Debt Documents as if the
Second Priority Liens did not exist. The obligations and responsibilities of the First Priority Agent to the Second Priority Agent and the other Second Priority Secured Parties under this Article V shall be limited solely to holding or
controlling the Pledged or Controlled Collateral as gratuitous bailee and representative (as defined in Section 1-201(35) of the Uniform Commercial Code as in effect in the State of New York) and non-judiciary agent in accordance with this Article V. Without limiting the foregoing, the First Priority Agent shall have no obligation or responsibility to ensure that any Pledged or Controlled Collateral
and Single Lien Foreign Collateral is genuine or owned by any of the Grantors. The First Priority Agent acting pursuant to this Article V shall not, by reason of this Agreement, any other Security Document or any other document, have a
fiduciary relationship in respect of any other First Priority Secured Party, the Second Priority Agent or any other Second Priority Secured Party. 

(c)    Upon the Discharge of First Priority Claims, the First Priority Agent shall, to the extent it is legally able to do
so, transfer the possession and control of the Pledged or Controlled Collateral and Single Lien Foreign Collateral, together with any necessary endorsements but without recourse or warranty, to the Second Priority Agent, so as to allow such Person
to obtain possession and control of such Pledged or Controlled Collateral or a perfect Lien on the Single Lien Foreign Collateral. In connection with any transfer under the immediately preceding sentence, the First Priority Agent agrees, at the
expense of the Grantors, to take all actions in its power as shall be reasonably requested by the Second Priority Agent to permit the Second Priority Agent to obtain, for the benefit of the Second Priority Secured Parties, a first priority security
interest in the Pledged or Controlled Collateral. 
 (d)    Following the Discharge of First Priority Obligations the
Second Priority Agent shall be entitled to deal with the Pledged or Controlled Collateral and Single Lien Foreign Collateral in accordance with the terms of this Agreement and the other Second Priority Debt Documents as if the First Priority Claims
did not exist. The obligations and responsibilities of the Second Priority Agent to the First Priority Agent and the other First Priority Secured Parties under this Article V shall be limited solely to holding or controlling the Pledged or
Controlled Collateral and Single Lien Foreign Collateral as bailee in accordance with this Section 5.01. Without limiting the foregoing, the Second Priority Agent shall have no obligation or responsibility to ensure that

  
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any Pledged or Controlled Collateral or Single Lien Foreign Collateral is genuine or owned by any of the Grantors. The Second Priority Agent acting pursuant to this Article V shall not, by reason
of this Agreement, any other Security Document or any other document, have a fiduciary relationship in respect of any other Second Priority Secured Party, the First Priority Agent or any other First Priority Secured Party. 

(e)    Any documents that would otherwise be required to be delivered by a Grantor under a Second Priority Security
Document to the Second Priority Agent to perfect or assist in the enforcement of any Lien created under such Second Priority Security Document shall be deemed delivered to the Second Priority Agent on evidence provided to the Second Priority Agent
that such Grantor has delivered the relevant documentation to the First Priority Agent in accordance with the First Priority Security Documents. 

(f)    The Second Priority Agent and the First Priority Agent agree that any notices of assignment or charge issued
pursuant to any Debt Document should be such that the notice of assignment or charge issued pursuant to the First Priority Security Document will prevail until the occurrence of the Discharge of First Priority Claims. 

(g)    To the extent required under a First Priority Security Document as to which Collateral thereunder may have been
delivered to the Second Priority Agent under a Second Priority Security Document (a “Relevant Second Priority Security Document”), the Grantors party to any Relevant Second Priority Security Document hereby instruct the
Second Priority Agent, and the Second Priority Agent hereby agrees, to deliver to the First Priority Security Agent all share certificates and stock transfer forms or other physical Collateral delivered to the Second Priority Agent pursuant to that
Relevant Second Priority Security Documents. 
 (h)    Prior to the Discharge of First Priority Claims, notwithstanding
any provision of any Second Priority Security Documents, the Grantors party to any Second Priority Security Documents shall not be required to deliver: 

(i)    any notice of assignment or charge of any relevant security in the form prescribed under that Second
Priority Security Documents and shall instead deliver any such notice in a form with such amendments as approved by the First Priority Agent and the Second Priority Agent, each acting reasonably, as are necessary to reflect the provisions of this
Agreement and 
 (ii)    to the Second Priority Agent any share certificate, stock transfer form,
document of title or other document required to be delivered to the First Priority Agent pursuant to any First Priority Security Documents. 

(i)    In the case of any conflict or inconsistency between the instructions of the Second Priority Agent and the First
Priority Agent in respect of the First Priority Security Documents and the Second Priority Security Documents, the instructions of the First Priority Agent shall prevail. 

  
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 ARTICLE VI 

INSOLVENCY OR LIQUIDATION PROCEEDINGS 

Section 6.1    Finance and Sale Matters. (a) Until the Discharge of First Priority Claims has occurred,
the Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, agrees that, in the event of any Insolvency or Liquidation Proceeding, the Second Priority Secured Parties: 

(i)    will not oppose or object (nor will they join with or support any other Person in opposing or
objecting) to the use of any Collateral constituting cash collateral under Section 363 of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law, unless the First Priority Secured Parties, or a representative authorized by
the First Priority Secured Parties including the First Priority Agent, shall oppose or object to such use of cash collateral; 

(ii)    with respect to any post-petition financing, whether provided by the First Priority Secured Parties
or any other Person, under Section 364 of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law (a “DIP Financing”), on any basis including without limitation to the extent that such DIP Financing “rolls-up” or otherwise includes or refinances any prepetition First Priority Claims, or to the Liens securing any DIP Financing (“DIP Financing Liens”), (A) will not oppose or
object (nor will they join with or support any other Person in opposing or objecting) unless the First Priority Secured Parties, or a representative authorized by the First Priority Secured Parties including the First Priority Agent, shall then
oppose or object to such DIP Financing or such DIP Financing Liens, and, to the extent that such DIP Financing Liens are senior to, or rank pari passu with, the First Priority Liens, the Second Priority Agent will, for itself and on behalf of
the other Second Priority Secured Parties, subordinate the Second Priority Liens to each of the First Priority Liens and DIP Financing Liens on the terms of this Agreement, (B) will oppose and object to, at the instruction of the First Priority
Secured Parties or a representative authorized by the First Priority Secured Parties, any DIP Financing that does not Refinance and “roll-up” to a priming, senior secured, superpriority
administrative expense claim status the First Priority Obligations, and (C) will not propose any DIP Financing without the consent of the First Priority Parties; 

(iii)    except to the extent permitted by paragraph (b) of this
Section 6.1, in connection with the use of cash collateral as described in clause (i) above or any DIP Financing as described in clause (ii) above, will not request (nor will they join with or support any other
Person in requesting) adequate protection with respect to any Collateral or any other relief in connection with such use of cash collateral, DIP Financing or DIP Financing Liens; 

(iv)    will not oppose or object (nor will they join with or support any other Person in opposing or
objecting) to any Disposition of any Collateral free and clear of the Second Priority Liens or other claims under Section 363 of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law, if the First

  
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Priority Secured Parties, or a representative authorized by the First Priority Secured Parties, shall consent to, or not oppose or object to, such Disposition free and clear of First Priority
Liens, so long as the proceeds are applied in accordance with this Agreement; and 
 (v)    will not
(i) oppose or object (nor will they join with or support any other Person in opposing or objecting) to the determination of the extent of any Liens held by any First Priority Secured Party or the value of any claims of any such holder under
Section 506(a) of the Bankruptcy Code, (ii) oppose or object (nor will they join with or support any other Person in opposing or objecting) to or contest the payment to the First Priority Secured Party of interest, fees or expenses under
Section 506(b) of the Bankruptcy Code or (iii) assert or enforce (nor will they join with or support any other Person in asserting or enforcing) any claim under Section 506(c) of the Bankruptcy Code or any similar provision of
any other Bankruptcy Law senior to or on a parity with the First Priority Liens for costs or expenses of preserving or disposing of any Collateral. 

(b)    The Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, agrees that no
Second Priority Secured Party shall contest, or support any other Person in contesting, (i) any request by the First Priority Agent or any other First Priority Secured Party for adequate protection in respect of any First Priority Claims or
(ii) any objection, based on a claim of a lack of adequate protection with respect of any First Priority Claims, by the First Priority Agent or any other First Priority Secured Party to any motion, relief, action or proceeding. Notwithstanding
the immediately preceding sentence, if, in connection with any DIP Financing or use of cash collateral, (A) any First Priority Secured Party seeks or requests adequate protection in the form of a Lien on additional collateral, the Second
Priority Agent may, for itself and on behalf of the other Second Priority Secured Parties, seek or request adequate protection in the form of a Lien on such additional collateral, which Lien will be subordinated to the First Priority Liens and DIP
Financing Liens on the same basis as the other Second Priority Liens are subordinated to the First Priority Liens under this Agreement and no First Priority Secured Party may object to any such request or (B) any Second Priority Secured Party
is granted adequate protection in the form of a Lien on additional collateral, the First Priority Agent shall, for itself and on behalf of the other First Priority Secured Parties, be granted adequate protection in the form of a Lien on such
additional collateral that is senior to such Second Priority Lien as security for the First Priority Claims. 

(c)    The Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, waives any claim
that may be had against the First Priority Agent or any other First Priority Secured Party arising out of any DIP Financing Liens (granted in a manner that is not inconsistent with this Agreement) under Section 364 of the Bankruptcy Code. 

(d)    Notwithstanding anything to the contrary contained in any Debt Document, if in any Insolvency or Liquidation
Proceeding a determination is made that any Lien encumbering any Collateral is not enforceable for any reason, then the Second Priority Agent for itself and on behalf of each other Second Priority Secured Party, agrees that, any distribution or
recovery they may receive with respect to, or allocable to, the value of the assets constituting Collateral subject to an enforceable Lien in favor of the Second Priority Secured Parties or any proceeds thereof shall

  
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(for so long as the Discharge of First Priority Claims has not occurred) be segregated and held in trust and forthwith paid over to the First Priority Agent for the benefit of the First Priority
Secured Parties in the same form as received but with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. Until the Discharge of First Priority Claims occurs, the Second Priority Agent, for itself and on behalf
of each other Second Priority Secured Party, hereby appoints the First Priority Agent, and any officer or agent of the First Priority Agent, with full power of substitution, the
attorney-in-fact of each Second Priority Secured Party for the limited purpose of carrying out the provisions of this clause (d) and taking any action and executing
any instrument that the First Priority Agent may deem necessary or advisable to accomplish the purposes of this clause (d), which appointment is irrevocable and coupled with an interest. 

(e)    Notwithstanding anything to the contrary contained in any First Priority Debt Document or any Second Priority Debt
Document, until the Discharge of the First Priority Claims has occurred, (i) if any of the Grantors seeks any DIP Financing, the First Priority Agent, for itself and on behalf the other First Priority Secured Parties, and the Second Priority
Agent, for itself and on behalf of the other Second Priority Secured Parties, shall collectively use reasonable best efforts to require such Grantors to borrow pursuant to a DIP Financing that
“rolls-up” or otherwise includes or refinances the outstanding First Priority Claims and (ii) the First Priority Agent, for itself and on behalf of the other First Priority Secured Parties,
agrees not to support or propose a DIP Financing (A) with a “roll-up” that does not “roll up” the First Priority Claims or (B) that seeks to “prime” any First Priority
Creditor’s rights to Collateral in a manner different than any other First Priority Creditor’s rights to the Collateral. 

Section 6.2    Relief from the Automatic Stay. Until the Discharge of First Priority Claims has
occurred, without the prior written consent of the First Priority Secured Parties, or a representative authorized by the First Priority Secured Parties including the First Priority Agent, no Second Priority Secured Party shall seek or request relief
from or modification of the automatic stay in any Insolvency or Liquidation Proceeding in respect of any part of the Collateral, any proceeds thereof or any Second Priority Lien. 

Section 6.3    Reorganization Securities. If, in any Insolvency or Liquidation Proceeding, debt
obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed, pursuant to a plan of reorganization or similar dispositive restructuring plan, on account of the First Priority Claims and the
Second Priority Claims, then, to the extent the debt obligations distributed on account of the First Priority Claims and on account of the Second Priority Claims, the provisions of this Agreement will survive the distribution of such debt
obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 

Section 6.4    Post-Petition Interest. (a) The Second Priority Agent, for itself and on behalf of the
other Second Priority Secured Parties, agrees that no Second Priority Secured Party shall oppose or seek to challenge any claim by the First Priority Agent or any other First Priority Secured Party for allowance in any Insolvency or Liquidation
Proceeding of First Priority Claims consisting of post-petition interest, fees or expenses to the extent of the value of the First Priority Liens (it being understood and agreed that such value shall be determined without regard to the existence of
the Second Priority Liens on the Collateral). 

  
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 (b)    The First Priority Agent, for itself and on behalf of the other
First Priority Secured Parties, agrees that the Second Priority Agent or any other Second Priority Secured Party may make a claim for allowance in any Insolvency or Liquidation Proceeding of Second Priority Claims consisting of post-petition
interest, fees or expenses to the extent of the value of the Second Priority Liens; provided, however, that if the First Priority Secured Parties shall have made any such claim, such claim (A) shall have also have been approved or
(B) will be approved contemporaneous with the approval of any such claim by any Second Priority Secured Party. 

Section 6.5    No Waivers of Rights of First Priority Secured Parties. Nothing
contained herein shall, except as expressly provided herein, prohibit or in any way limit any First Priority Agent or any other First Priority Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken
by any Second Priority Secured Party. 
 Section 6.6    Certain Waivers by the Second Priority Secured
Parties. The Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, waives any claim any Second Priority Secured Party may have against any First Priority Secured Party arising out of (a) the
election by any First Priority Secured Party of the application of Section 1111(b)(2) of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law, or (b) any use of cash collateral or financing arrangement, or any grant
of a security interest in the Collateral, in any Insolvency or Liquidation Proceeding. 

Section 6.7    Certain Voting Matters. Each of the First Priority Agent, on behalf of the First
Priority Secured Parties and the Second Priority Agent on behalf of the Second Priority Secured Parties, agrees that, without the prior written consent of the other, it will not seek to vote with the other as a single class in connection with any
plan of reorganization in any Insolvency or Liquidation Proceeding. The Second Priority Agent, for itself and on behalf of each other Second Priority Secured Party, agrees that neither the Second Priority Agent nor any Second Priority Secured Party
shall support or vote for any plan of reorganization or disclosure statement of any Company or any other Grantor unless (i) such plan is accepted by the class of First Priority Secured Parties in accordance with Section 1126(c) of the
Bankruptcy Code or otherwise provides for the Discharge of First Priority Claims (including the payment of all post-petition interest, fees and expenses, whether or not allowed or available under the Bankruptcy Code) on the effective date of such
plan of reorganization, or (ii) such plan provides on account of the First Priority Secured Parties for the retention by the First Priority Agent, for the benefit of the First Priority Secured Parties, of the Liens on the Collateral securing
the First Priority Claims, and on all proceeds thereof, and such plan also provides that any Liens retained by, or granted to, the Second Priority Agent are only on property securing the Second Priority Claims and shall have the same relative
priority with respect to the Collateral or other property, respectively, as provided in this Agreement with respect to the Collateral, and to the extent such plan provides for deferred cash payments, or for the distribution of any other property of
any kind or nature, on account of the First Priority Claims or the Second Priority Claims, such plan provides that any such deferred cash payments or other distributions in respect of the Second Priority Claims shall be delivered to the First
Priority Agent and distributed in accordance with the priorities provided in this Agreement. Except as provided in this Agreement, the Second Priority Secured Parties shall remain entitled to vote their Second Priority Claims in any such Insolvency
or Liquidation Proceeding. 

  
 22 

 Section 6.8    Involuntary Bankruptcy
Filing. Without the consent of the First Priority Agent in its sole discretion, the Second Priority Representative, for itself and on behalf of each other Second Priority Secured Party, agrees it will not file an
involuntary bankruptcy claim or seek the appointment of an examiner or a trustee for any Borrower or any other Grantor. 

Section 6.9    Separate Grants of Security and Separate Classification; Effectiveness in Insolvency or
Liquidation Proceedings. 
 (a)    Each Second Priority Representative and each Second Priority Agent, for
itself and on behalf of each other Second Priority Creditors represented by it, and each First Lien Representative and each First Lien Collateral Agent, for itself and on behalf of each other First Lien Claimholder represented by it, acknowledges
and agrees that: 
 (i)    the grants of Liens pursuant to the First Lien Collateral Documents and the
Second Priority Security Documents constitute two separate and distinct grants of Liens; and 

(ii)    because of, among other things, their differing rights in the Collateral, the Second Priority
Claims are fundamentally different from the First Lien Obligations and must be separately classified in any plan of reorganization proposed or adopted in an Insolvency or Liquidation Proceeding. 

To further effectuate the intent of the parties as provided in the immediately preceding sentence, if it is held that the claims of the First
Lien Claimholders and the Second Priority Creditors in respect of the Collateral constitute only one secured claim (rather than separate classes of senior and junior secured claims), then each of the parties hereto hereby acknowledges and agrees
that all distributions shall be made as if there were separate classes of senior and junior secured claims against the Grantors in respect of the Collateral (with the effect being that, to the extent that the aggregate value of the Collateral is
sufficient (for this purpose ignoring all claims held by the Second Priority Creditors), the First Lien Claimholders shall be entitled to receive, in addition to amounts distributed to them in respect of principal,
pre-petition interest and other claims, all amounts owing (or that would be owing if there were such separate classes of senior and junior secured claims) in respect of Post-Petition Interest (including any
additional interest payable pursuant to the First Lien Loan Documents, arising from or related to a default, which is disallowed as a claim in any Insolvency or Liquidation Proceeding) before any distribution is made in respect of the claims held by
the Second Priority Creditors with respect to the Collateral, with each Second Priority Representative and each Second Priority Agent, for itself and on behalf of each other Second Priority Creditors represented by it, herby acknowledging and
agreeing to turn over to the First Priority Agent, for itself and on behalf of each other First Lien Claimholder, Collateral or proceeds of Collateral otherwise received or receivable by them to the extent necessary to effectuate the intent of this
sentence, even if such turnover has the effect of reducing the claim or recovery of the Second Priority Creditors). 

(b)    The Parties acknowledge that this Agreement is a “subordination agreement” under Section 510(a) of
the Bankruptcy Code, which will be effective before, during and after the commencement of an Insolvency or Liquidation Proceeding. All references in this Agreement to any Grantor will include such Person as a debtor-in-possession and any receiver or trustee for such Person in an Insolvency or Liquidation Proceeding. 

  
 23 

 ARTICLE VII 

OTHER AGREEMENTS 

Section 7.1    Matters Relating to Debt Documents. 

(a)    Each of the Parent, the Borrowers, the Guarantors, the First Priority Agent, and the Second Priority Agent agrees
that the First Priority Debt Agreement and each First Priority Debt Document may be amended, restated, supplemented or otherwise modified (and consents to or waivers of noncompliance from the terms thereof may be granted) in accordance with their
terms and the First Priority Claims may, subject to Section 7.2 below, be Refinanced, in each case, without the consent of any Second Priority Secured Party; provided however, that, without the prior written consent
of the Second Priority Agent and the holders of a majority of Second Priority Claims (but for the avoidance of doubt no required consent of any other Second Priority Secured Parties), no First Priority Debt Document may be amended, restated,
supplemented or otherwise modified, or entered into, or Refinanced, or the noncompliance from the terms thereof be consented to or waived, to the extent such amendment, restatement, supplement or modification, or the terms of such new First Priority
Debt Document, or such Refinancing, or consent or waiver would contravene the provisions of this Agreement. 

(b)    Each of the Parent, the Borrowers, the Guarantors, the First Priority Agent, and the Second Priority Agent agrees
that the Second Priority Debt Agreement and each Second Priority Debt Document may be amended, restated, supplemented or otherwise modified (and consents to or waivers of noncompliance from the terms thereof may be granted) in accordance with their
terms and the Second Priority Claims may be Refinanced, in each case, without the consent of any First Priority Secured Party; provided however, that, until the Discharge of First Priority Claims, (x) in each case with respect to a
Refinancing, the holders of the Obligations resulting from any such Refinancing, or a duly authorized agent on their behalf, shall agree in writing to be bound by the terms of this Agreement and (y) without the prior written consent of the
First Priority Agent and the holders of a majority of First Priority Claims (but for the avoidance of doubt no required consent of any other First Priority Secured Parties), no Second Priority Debt Document may be amended, restated, supplemented or
otherwise modified, or entered into, or Refinanced, or the non-compliance from the terms thereof be consented to or waived, to the extent such amendment, restatement, supplement or modification, or the terms
of such new Second Priority Debt Document, or such Refinancing, or consent or waiver would contravene the provisions of this Agreement. 

Section 7.2    Effect of Refinancing of Indebtedness under First Priority Debt Documents. If,
substantially contemporaneously with the Discharge of First Priority Claims, the Grantors Refinance Indebtedness outstanding under the First Priority Debt Documents and provided that (a) such Refinancing is permitted hereby and (b) the
Parent gives to the Second Priority Agent written notice (the “Refinancing Notice”) electing the application of the provisions of this Section 7.2 to such Refinancing Indebtedness, then (i) such Discharge of
First Priority Claims shall automatically be deemed not to have occurred for all purposes of this Agreement, (ii) such Refinancing Indebtedness and all other obligations under the documents evidencing such

  
 24 

 
Indebtedness (the “New First Priority Claims”) shall automatically be treated as First Priority Claims for all purposes of this Agreement, including for purposes of the
Lien priorities and rights in respect of Collateral set forth herein, (iii) the Debt Agreement and the other documents evidencing such Refinancing Indebtedness (the “New First Priority Debt Documents”) shall
automatically be treated as the First Priority Debt Agreement and the First Priority Debt Documents and, in the case of New First Priority Debt Documents that are security documents pursuant to which any Grantor has granted a Lien to secure any New
First Priority Claim, as the First Priority Security Documents for all purposes of this Agreement, (iv) the collateral agent under the New First Priority Debt Documents (the “New First Priority Agent”) shall be
deemed to be the First Priority Agent for all purposes of this Agreement and (v) the lenders under the New First Priority Debt Documents shall be deemed to be the First Priority Creditors for all purposes of this Agreement. Upon receipt of a
Refinancing Notice, which notice shall include the identity of the New First Priority Agent, the Second Priority Agent shall promptly enter into such documents and agreements (including amendments or supplements to this Agreement) as any Borrower or
the Parent or such New First Priority Agent may reasonably request in order to provide to the New First Priority Agent the rights and powers contemplated hereby, in each case consistent in all material respects with the terms of this Agreement.
Either any Borrower or the Parent shall cause the agreement, document or instrument pursuant to which the New First Priority Agent is appointed to provide that the New First Priority Agent agrees to be bound by the terms of this Agreement. 

Section 7.3    No Waiver by First Priority Secured Parties. Other than with respect to the
Second Priority Permitted Actions, nothing contained herein shall prohibit or in any way limit the First Priority Agent or any other First Priority Secured Party from opposing, challenging or objecting to, in any Insolvency or Liquidation Proceeding
or otherwise, any action taken, or any claim made, by the Second Priority Agent or any other Second Priority Secured Party, including any request by the Second Priority Agent or any other Second Priority Secured Party for adequate protection or any
exercise by the Second Priority Agent or any other Second Priority Secured Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise. 

Section 7.4    Reinstatement. If, in any Insolvency or Liquidation Proceeding or otherwise, all or part
of any payment with respect to the First Priority Claims previously made shall be rescinded or otherwise required to be paid over to any Grantor or any Subsidiary for any reason whatsoever, then the First Priority Claims shall be reinstated to the
extent of the amount so rescinded or paid and the Discharge of First Priority Claims is deemed not to have occurred for all purposes under this Agreement and, if theretofore terminated, this Agreement shall be reinstated in full force and effect and
such prior termination shall not diminish, release, discharge, impair or otherwise affect the Lien priorities and the relative rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties provided for herein.
The Second Priority Agent, for itself and on behalf of each other Second Priority Secured Parties, agrees that if, at any time, it receives notice of any such rescission or payment, the Second Priority Agent or such other Second Priority Secured
Party shall promptly pay over to the First Priority Agent any payment in respect of the Collateral or any Collateral received by it and then in its possession or under its control, and the provisions set forth in this Agreement shall be reinstated
as if such payment had not been made, until the Discharge of First Priority Claims. 

  
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 Section 7.5    Authorization of Collateral Agents. By
accepting the benefits of this Agreement and the other First Priority Security Documents, each First Priority Secured Party hereby authorizes the First Priority Agent to enter into this Agreement and to act on its behalf as collateral agent
hereunder and in connection herewith. By accepting the benefits of this Agreement and the other Second Priority Security Documents, each Second Priority Secured Party hereby authorizes the Second Priority Agent to enter into this Agreement and to
act on its behalf as collateral agent hereunder and in connection herewith. 
 Section 7.6    Further
Assurances. Each of the First Priority Agent, for itself and on behalf of the other First Priority Secured Parties, and the Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, and each Grantor party
hereto, for itself and on behalf of its Subsidiaries, agrees that it will execute, or will cause to be executed, any and all further documents, agreements and instruments, and take all such further actions, as may be required under any applicable
law, or which the First Priority Agent or the Second Priority Agent may reasonably request, to effectuate the terms of this Agreement, including the relative Lien priorities provided for herein. 

ARTICLE VIII 

REPRESENTATIONS AND WARRANTIES 

Section 8.1    Representations and Warranties of Each Party. Each party hereto represents and warrants
to the other parties hereto as follows: 
 (a)    Such party is duly organized, validly existing and in good standing
under the laws of the jurisdiction of its organization and has all requisite power and authority to execute and deliver this Agreement and perform its obligations hereunder. 

(b)    This Agreement has been duly executed and delivered by such party and constitutes a legal, valid and binding
obligation of such party, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity,
regardless of whether considered in a proceeding in equity or at law. 
 (c)    The execution, delivery and performance
by such party of this Agreement (i) do not require any material consent or approval of, registration or filing with or any other action by any governmental authority (except as contemplated hereby) and (ii) will not violate any material
provision of law, statute, rule or regulation, or of the certificate or articles of incorporation or other constitutive documents or by-laws of such party or any material order of any governmental authority or
any material provision of any indenture, agreement or other instrument applicable to or binding upon such party. 

Section 8.2    Representations and Warranties of Each Collateral Agent. Each Collateral Agent
represents and warrants to the other parties hereto that it has been authorized by the Secured Parties under and as defined in the First Priority Debt Agreement or the Second Priority Debt Agreement, as applicable, to enter into this Agreement. In
accordance with the terms of the Second Priority Debt Agreement, the Required Parity Debtholders (as defined in the Second Priority Debt Agreement) have the right to direct the Second Priority Agent on behalf of the Second

  
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Priority Secured Parties in accordance with the terms hereof and of the Second Priority Debt Documents (i) with respect to the exercise of rights and remedies and (ii) to take other
actions with respect to the Collateral, and the other Second Priority Secured Parties have no rights to take any action with respect to the Collateral under this Agreement (other than at the direction or with the consent of the Second Priority
Agent). 
 ARTICLE IX 

NO RELIANCE; NO LIABILITY; OBLIGATIONS ABSOLUTE 

Section 9.1    No Reliance; Information. The First Priority Secured Parties and the Second Priority
Secured Parties shall have no duty to disclose to any Second Priority Secured Party or to any First Priority Secured Party, respectively, any information relating to any Company or any of the Grantors, or any other circumstance bearing upon the risk
of nonpayment of any of the First Priority Claims or the Second Priority Claims, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any First Priority Secured Party or any Second Priority
Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to, respectively, any Second Priority Secured Party or any First Priority Secured Party, it shall be under no obligation (i) to
make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the information so provided, (ii) to provide any additional
information or to provide any such information on any subsequent occasion or (iii) to undertake any investigation. 

Section 9.2    No Warranties or Liability. (a) The First Priority Agent, for itself and on behalf
of the other First Priority Secured Parties, acknowledges and agrees that, except for the representations and warranties set forth in Article VIII, neither the Second Priority Agent nor any other Second Priority Secured Party has made any
express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectibility or enforceability of any of the Second Priority Debt Documents, the ownership of any Collateral or the
perfection or priority of any Liens thereon. The Second Priority Agent, for itself and on behalf of the other Second Priority Secured Parties, acknowledges and agrees that, except for the representations and warranties set forth in Article
VIII, neither the First Priority Agent nor any other First Priority Secured Party has made any express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectibility or
enforceability of any of the First Priority Debt Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon. 

(a)    The Second Priority Agent and the other Second Priority Secured Parties shall have no express or implied duty to
the First Priority Agent or any other First Priority Secured Party, and the First Priority Agent and the other First Priority Secured Parties shall have no express or implied duty to the Second Priority Agent or any other Second Priority Secured
Party, to act or refrain from acting in a manner which allows, or results in, the occurrence or continuance of a default or an event of default under any First Priority Debt Document and any Second Priority Debt Document (other than, in each case,
this Agreement), regardless of any knowledge thereof which they may have or be charged with. 

  
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 (b)    The Second Priority Agent, for itself and on behalf of the other
Second Priority Secured Parties, agrees no First Priority Secured Party shall have any liability to the Second Priority Agent or any other Second Priority Secured Party, and hereby waives any claim against any First Priority Secured Party, arising
out of any and all actions which the First Priority Agent or the other First Priority Secured Parties may take or permit or omit to take with respect to (i) the First Priority Debt Documents (other than this Agreement), (ii) the collection of
the First Priority Claims or (iii) the maintenance of, the preservation of, the foreclosure upon or the Disposition of any Collateral. 

(c)    The Second Priority Agent shall not at any time be deemed or imputed to have any knowledge of or receipt of any
notices, information, correspondence or materials in the possession of or given to the First Priority Agent, in its capacity as First Priority Agent or as a lender under the First Priority Debt Agreement. First Priority Agent shall not at any time
be deemed or imputed to have any knowledge of or receipt of any notices, information, correspondence or materials in the possession of or given to the Second Priority Agent, in its capacity as Second Priority Agent or as any other Second Priority
Secured Party. 
 Section 9.3    Obligations Absolute. The Lien priorities provided for herein and
the respective rights, interests, agreements and obligations hereunder of the First Priority Agent and the other First Priority Secured Parties and the Second Priority Agent and the other Second Priority Secured Parties shall remain in full force
and effect irrespective of: 
 (a)    any lack of validity or enforceability of any Debt Document; 

(b)    any change in the time, place or manner of payment of, or in any other term of (including, subject to the
limitations set forth in Section 7.2, the Refinancing of), all or any portion of the First Priority Claims, it being specifically acknowledged that a portion of the First Priority Claims consists or may consist of
Indebtedness that is revolving in nature, and the amount thereof that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed; 

(c)    any change in the time, place or manner of payment of, or, subject to the limitations set forth in
Section 7.2, in any other term of, all or any portion of the First Priority Claims; 

(d)    any amendment, waiver or other modification, whether by course of conduct or otherwise, of any Debt Document; 

(e)    the securing of any First Priority Claims or Second Priority Claims with any additional collateral or guarantees,
or any exchange, release, voiding, avoidance or non-perfection of any security interest in any Collateral or any other collateral or any release of any guarantee securing any First Priority Claims or Second
Priority Claims; 
 (f)    the commencement of any Insolvency or Liquidation Proceeding or Liquidation Sale in respect
of any Company or any other Grantor; or 

  
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 (g)    any other circumstances that otherwise might constitute a defense
available to, or a discharge of, any Company or any other Grantor in respect of the First Priority Claims or this Agreement, or any of the Second Priority Secured Parties in respect of this Agreement. 

Section 9.4    No Impairment of Security Interests. Each Company and each Grantor will not, and will
not permit its Subsidiaries to, take any action, or knowingly omit to take any action, which action or omission would have the result of materially impairing the validity, perfection or priority of the security interest in the Collateral created by
the First Priority Security Documents or the Second Priority Security Documents, except as permitted by the Debt Documents. 
 ARTICLE X

 MISCELLANEOUS 

Section 10.1    Notices. 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, as follows: 

(a)    if to the Parent or any other Grantor, as set forth in the First Priority Debt Agreement and the Second Priority
Credit Agreement; 
 (b)    if to the First Priority Agent, to Credit Agricole Corporate and Investment Bank, as First
Priority Agent, 1301 Avenue of the Americas, New York, NY 10019, Attention: Agnes Castillo (Fax No. 917-849-5463 or 917-849-5456); and 
 (c)    if to the Second Priority Agent, to Credit
Agricole Corporate and Investment Bank, as First Priority Agent, 1301 Avenue of the Americas, New York, NY 10019, Attention: Agnes Castillo (Fax No. 917-849-5463 or
917-849-5456). 
 All notices and other communications given
to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt if delivered by hand or overnight courier service or sent by fax or on the date five Business Days after dispatch by
certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 10.1 or in accordance with the latest unrevoked direction from such party given
in accordance with this Section 10.1. As agreed to between any Company and any Collateral Agent from time to time, notices and other communications may also be delivered by e-mail to
the e-mail address of a representative of the applicable Person provided from time to time by such Person. 

The First Priority Agent and the Second Priority Agent agree to use diligent efforts to provide each other with copies of any notices of
default or acceleration or similar notices which they give to any Company under the First Priority Debt Documents and Second Priority Debt Documents respectively; provided, however, that in the event that either of such parties fails
to provide the other with such notice, such failure shall not affect their respective obligations hereunder or the effectiveness of any such notice. 

Section 10.2    Conflicts. IN THE EVENT OF ANY CONFLICT OR INCONSISTENCY BETWEEN THE PROVISIONS OF THIS
AGREEMENT AND THE PROVISIONS OF THE OTHER DEBT DOCUMENTS, THE PROVISIONS OF THIS AGREEMENT SHALL CONTROL. 

  
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 Section 10.3    Effectiveness; Survival; Termination.
This Agreement shall become effective when executed and delivered by the parties hereto. All covenants, agreements, representations and warranties made by any party in this Agreement shall be considered to have been relied upon by the other parties
hereto and shall survive the execution and delivery of this Agreement. The terms of this Agreement shall survive, and shall continue in full force and effect, in any Insolvency or Liquidation Proceeding. The Second Priority Agent, for itself and on
behalf of the other Second Priority Secured Parties, hereby waives any and all rights the Second Priority Secured Parties may now or hereafter have under applicable law to revoke this Agreement or any of the provisions of this Agreement. This
Agreement shall terminate and be of no further force and effect, with respect to the Second Priority Agent, the Second Priority Secured Parties and the Second Priority Claims, upon earlier of (x) subject to Section 7.2, the date of
Discharge of First Priority Claims, subject to the rights of the First Priority Secured Parties under Section 7.4 and (y) the later of (1) the date upon which the obligations under the Second Priority Debt Agreement terminate if there
are no other Second Priority Claims outstanding on such date and (2) if there are other Second Priority Claims outstanding on such date, the date upon which such Second Priority Claims terminate. 

Section 10.4    Severability. In the event any one or more of the provisions contained in this
Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby (it being understood that the
invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or
unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

Section 10.5    Amendments; Waivers. (a) No failure or delay on the part of any party hereto in
exercising any power or right hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or
further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this
Agreement or consent to any departure by any party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 10.5, and then such waiver or consent shall be effective
only in the specific instance and for the purpose for which given. 
 (b)    Neither this Agreement nor any provision
hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the First Priority Agent and the Second Priority Agent; provided that no such agreement shall amend, modify or otherwise affect
the rights or obligations of any Grantor without such Person’s prior written consent. 

Section 10.6    Postponement of Subrogation. The Second Priority Agent, for itself and on behalf of
each other Second Priority Secured Parties, agrees that no payment or distribution to 

  
 30 

 
any First Priority Secured Party pursuant to the provisions of this Agreement shall entitle any Second Priority Secured Party to exercise any rights of subrogation in respect thereof until the
Discharge of First Priority Claims shall have occurred. Following the Discharge of First Priority Claims, each First Priority Secured Party agrees to execute such documents, agreements, and instruments as any Second Priority Secured Party may
reasonably request to evidence the transfer by subrogation to any such Person of an interest in the First Priority Claims resulting from payments or distributions to such First Priority Secured Party by such Person, so long as all costs and expenses
(including all reasonable legal fees and disbursements) incurred in connection therewith by such First Priority Secured Party are paid by such Person upon request for payment thereof, but in all events subject to Sections 7.2 and 7.4. 

Section 10.7    Applicable Law; Jurisdiction; Consent to Service of Process. (a) THIS AGREEMENT SHALL
BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. 

(b)    Each party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive
jurisdiction of any Supreme Court for New York County, New York or in The United States District Court for the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this
Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined only in such New York
court or, to the extent permitted by law, in such Federal court. Each party hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other
manner provided by law. 
 (c)    Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent
it may legally and effectively do so, (i) any right to any other jurisdiction to which it may be entitled on account of domicile, residence or otherwise and (ii) any objection which it may now or hereafter have to the laying of venue of
any suit, action or proceeding arising out of or relating to this Agreement in any New York court or in any such Federal court. Each party hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum
to the maintenance of such action or proceeding in any such court. 
 (d)    Each party to this Agreement irrevocably
consents to service of process in the manner provided for notices in Section 10.1. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

Section 10.8    Waiver of Jury Trial. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF 

  
 31 

 
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT, BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.8. 
 Section 10.9    Parties in Interest. The
provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, as well as the other First Priority Secured Parties and Second Priority Secured Parties, all of whom are
intended to be bound by, and to be third party beneficiaries of, this Agreement. No other Person shall have or be entitled to assert rights or benefits hereunder. 

Section 10.10    Specific Performance. Each Collateral Agent may demand specific performance of this
Agreement and, on behalf of itself and the respective other Secured Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any
action which may be brought by the respective Secured Parties. 
 Section 10.11    Headings. Article
and Section headings used herein and the Table of Contents hereto are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement.

 Section 10.12    Counterparts. This Agreement may be executed in counterparts (and by different
parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract, and shall become effective as provided in Section 10.3. Delivery
of an executed signature page to this Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 

Section 10.13    Provisions Solely to Define Relative Rights. The provisions of this Agreement are and
are intended solely for the purpose of defining the relative rights of the First Priority Secured Parties, on the one hand, and the Second Priority Secured Parties, on the other hand. None of any Company, any other Grantor, any Guarantor or any
other creditor thereof shall have any rights or obligations hereunder, except as expressly provided in this Agreement, and none of any Company, any other Grantor or any Guarantor may rely on the terms hereof except as expressly provided in this
Agreement. Nothing in this Agreement is intended to or shall impair the obligations of any Company or any other Grantor or any Guarantor, which are absolute and unconditional, to pay the First Priority Claims and the Second Priority Claims as and
when the same shall become due and payable in accordance with their terms. 
 Section 10.14    Provisions
Solely to Define Relative Rights. Each party to this Agreement agrees and acknowledges that the provision in each Second Priority Security Document governed by Dutch law and Curacao law regarding the application of any proceeds received or
recovered by the Second Priority Agent pursuant to the enforcement of such documents, but only to the extent the enforcement concerns Collateral provided by such party, is amended and restated as follows as of the date of this Agreement: 

  
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 Any amount received or recovered by the Pledgee pursuant to the enforcement of the Right of
Pledge shall be applied in accordance with the terms of the Senior Intercreditor Agreement (as defined in the Credit Agreement) and the Intercreditor Agreement). 

(Signatures appear on following pages) 

  
 33 

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

			
	GRANTORS:
	
	 MCDERMOTT INTERNATIONAL, INC.,
 a
Panamanian corporation

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	
	
	MCDERMOTT TECHNOLOGY (AMERICAS), INC.

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

 
			
	
	MCDERMOTT TECHNOLOGY (US), INC.

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	
	
	MCDERMOTT TECHNOLOGY, B.V.

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	
	
	GUARANTORS:
	
	[                                
]

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

 (Signatures continue on following pages) 

(Signature Page to Intercreditor Agreement – McDermott International, Inc.) 

 
			
	 FIRST PRIORITY AGENT:

	
	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as First Priority Agent

 
			
		
	 By:
	 	  

 
			
	 Name:
	 	
	 Title:
	 	

 
			
		
	 By:
	 	  

 
			
	 Name:
	 	
	 Title:
	 	

 (Signatures continue on following pages) 

(Signature Page to Intercreditor Agreement – McDermott International, Inc.) 

 
			
	SECOND PRIORITY AGENT
	
	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as Second Priority Agent

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

 
			
		
	By:	 	  

 
			
	Name:	 	
	Title:	 	

 (Signature Page to Intercreditor Agreement – McDermott International, Inc.)

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